Allegro Microsystems Stock (NASDAQ: ALGM)

Allegro Microsystems (NASDAQ:ALGM) Stock

Allegro Microsystems

Allegro Microsystems Inc is a designer, developer, fabless manufacturer, and marketer of sensor ICs and application-specific analog power ICs for automotive and industrial markets. Its Sensor IC allows customers to precisely measure motion, speed, position, and current, and Power ICs include high-temperature and high-voltage capable motor drivers, power management, and LED driver ICs. Its products are divided into three categories such as SENSE which includes Current Sensors, Switches and Latches, and Interface ICs among others; REGULATE which includes Regulators, ClearPower Modules, and LED Drivers; and DRIVE which includes BLDC Drivers, Brush DC, and others. Key revenue for the company is generated from Greater China and the rest from the United States, Japan, Europe, and other regions.

Allegro MicroSystems, Inc. - Common Stock

Allegro Microsystems Inc

Earnings

News

WNS (Hldgs) Q4 2025 Adj. EPS $1.45 Beats $1.05 Estimate, Sales $323.30M Miss $325.57M Estimate

LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) affirms FY2025 GAAP EPS guidance from $2.91-$3.21 to $2.91-$3.21 vs $3.12 analyst estimate..

Guidance

LKQ Affirms FY2025 GAAP EPS Guidance of $2.91-$3.21 vs $3.12 Est

Gentherm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRM#NASDAQ">THRM</a>) affirms FY2025 sales outlook from $1.40 billion-$1.50 billion to $1.40 billion-$1.50 billion vs $1.43 billion estimate.

THRM

Gentherm Affirms FY2025 Sales Guidance of $1.40B-$1.50B vs $1.43B Est

LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) affirms FY2025 Adj EPS guidance from $3.40-$3.70 to $3.40-$3.70 vs $3.54 analyst estimate..

LKQ Affirms FY2025 Adj EPS Guidance of $3.40-$3.70 vs $3.54 Est

West Pharmaceutical Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WST#NYSE">WST</a>) reported quarterly earnings of $1.45 per share which beat the analyst consensus estimate of $1.23 by 17.89 percent. This is a 7.05 percent decrease over earnings of $1.56 per share from the same period last year. The company reported quarterly sales of $698.00 million which beat the analyst consensus estimate of $685.84 million by 1.77 percent. This is a 0.37 percent increase over sales of $695.40 million the same period last year.

Earnings Beats

West Pharmaceutical Servs Q1 Adj. EPS $1.45 Beats $1.23 Estimate, Sales $698.00M Beat $685.84M Estimate

Gentherm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRM#NASDAQ">THRM</a>) reported quarterly earnings of $0.51 per share which beat the analyst consensus estimate of $0.46 by 10.87 percent. This is a 17.74 percent decrease over earnings of $0.62 per share from the same period last year. The company reported quarterly sales of $353.85 million which beat the analyst consensus estimate of $347.85 million by 1.73 percent. This is a 0.61 percent decrease over sales of $356.01 million the same period last year.

Gentherm Q1 Adj. EPS $0.51 Beats $0.46 Estimate, Sales $353.85M Beat $347.85M Estimate

Dow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) reported quarterly earnings of $0.02 per share which beat the analyst consensus estimate of $(0.01) by 300 percent. This is a 96.43 percent decrease over earnings of $0.56 per share from the same period last year. The company reported quarterly sales of $10.43 billion which beat the analyst consensus estimate of $10.24 billion by 1.86 percent. This is a 3.10 percent decrease over sales of $10.77 billion the same period last year.

Dow Q1 Adj. EPS $0.02 Beats $(0.01) Estimate, Sales $10.43B Beat $10.24B Estimate

LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.78 by 1.28 percent. This is a 3.66 percent decrease over earnings of $0.82 per share from the same period last year. The company reported quarterly sales of $3.46 billion which missed the analyst consensus estimate of $3.56 billion by 2.62 percent. This is a 6.48 percent decrease over sales of $3.70 billion the same period last year.

Earnings Misses

LKQ Q1 Adj. EPS $0.79 Beats $0.78 Estimate, Sales $3.46B Miss $3.56B Estimate

Allegion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLE#NYSE">ALLE</a>) reported quarterly earnings of $1.86 per share which beat the analyst consensus estimate of $1.67 by 11.38 percent. This is a 20 percent increase over earnings of $1.55 per share from the same period last year. The company reported quarterly sales of $941.90 million which beat the analyst consensus estimate of $919.64 million by 2.42 percent. This is a 5.37 percent increase over sales of $893.90 million the same period last year.

ALLE

Allegion Q1 Adj. EPS $1.86 Beats $1.67 Estimate, Sales $941.90M Beat $919.64M Estimate

Macro Economic Events

Economics

Reuters Reported Earlier, Chinese Foreign Ministry Says China, Us Had No Talks, Consultations On Tariff Issue

Telia Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TLSNY#OTC">TLSNY</a>) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $(0.18) by 155.56 percent. This is a 233.33 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $1.88 billion which missed the analyst consensus estimate of $20.00 billion by 90.63 percent. This is a 8.40 percent decrease over sales of $2.05 billion the same period last year.

TLSNY

Telia Company Q1 EPS $0.10 Beats $(0.18) Estimate, Sales $1.88B Miss $20.00B Estimate

U.S. stock futures fell on Thursday after a two-day advance. Futures of major benchmark indices were lower in premarket.
The administration&#8217;s mixed signals on tariffs fueled investor anxiety. While President Donald Trump hinted at a deal with China while speaking to reporters on Tuesday after market hours, the Treasury Secretary Scott Bessent <a href="https://www.benzinga.com/markets/equities/25/04/44970416/scott-bessents-china-de-escalation-scoop-delivered-to-wall-street-early-at-closed-door-event-2-2-trillion-in-gains-later-questions-arise-if-retail-investors-were">denied slashing steep tariffs</a> on Chinese imports unilaterally on Wednesday. China<a href="https://www.benzinga.com/markets/25/04/44973283/china-denies-trumps-trade-talk-assertion-calls-for-abolition-of-unilateral-tariffs-no-factual-basis"> also refuted Trump&#8217;s trade talk</a> assertion.
Investors will also keep an eye on tech giant and Google&#8217;s parent Alphabet Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) slated to be released later today.
Meanwhile, the 10-year Treasury bond yielded 4.35% and the two-year bond was at 3.83%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;</a>s projections show markets pricing a 93.9% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.72%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.59%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.86%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.57%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket on Thursday. The SPY was down 0.51% to $532.67, while the QQQ declined 0.71% to $451.33, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Information technology, consumer discretionary, and communication services sectors led U.S. stocks higher Wednesday, with the Dow Jones jumping over 400 points, though all major indices <a href="https://www.benzinga.com/news/earnings/25/04/44972538/dow-jumps-over-400-points-amid-china-tariff-hopes-investor-fear-eases-greed-index-remains-in-fear-zone">closed well below their session highs</a> after the Dow had surged over 1,100 points earlier.
Most S&amp;P 500 sectors closed positively, but consumer staples and energy stocks finished the session lower.
Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) reported strong first-quarter results and raised its FY25 adjusted EPS outlook, while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares gained over 5% after its first-quarter earnings release.
Economic data showed new single-family home sales rose 7.4% to an annualized 724,000, the S&amp;P Global services PMI fell to 51.4 in April, and the manufacturing PMI increased to 50.7.
As of Wednesday, the Nasdaq 100 index was down 15.88% from its previous high of 22,222.61 points. The S&amp;P 500 index was 12.55% lower, as compared to the last record high of 6,147.43 points. On the other hand, Dow Jones was 12.13% down from its 52-week high of 45,073.63 points.
The Dow Jones index jumped 420 points or 1.07% to 39,606.57, whereas the S&amp;P 500 index surged 1.67% to 5,375.86. Nasdaq Composite ended 2.50% higher at 16,708.05, and the small-cap gauge, Russell 2000, also advanced 1.53% to 1,919.14.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>2.50%</td>
<td>16,708.05</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>1.67%</td>
<td>5,375.86</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>1.07%</td>
<td>39,606.57</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.53%</td>
<td>1,919.14</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Acknowledging the swift and often daily shifts in tariff and geopolitical landscapes, Scott Wren, senior global market strategist at Wells Fargo, noted, "With the pace of change on the tariff and geopolitical fronts moving fast and sometimes adjusting on a day-to-day basis, investors are wondering what they might do to help navigate the uncertainties."
To navigate these uncertainties, Wren has advised investors to maintain <a href="https://www.benzinga.com/government/regulations/25/04/44973246/market-dip-attractive-entry-point-says-wells-fargo-energy-large-and-mid-cap-stock-favored">exposure in higher-quality equities</a> and fixed income, emphasizing the need for a plan to withstand market volatility while pursuing growth.
Wren stated, "The first rule of thumb for our plan is to focus on quality in a diversified manner."
Pointing to the stronger balance sheets, dependable cash flows, easy credit access, and share buyback capabilities of larger companies, Wren said, "We continue to favor large- and mid-capitalization equities over small-cap."
Additionally, Wells Fargo favors the energy sector and holds favorable ratings on Information Technology, Financials, and Communication Services, according to Wren, who explained, "We believe these sectors feature long-term growth drivers and robust balance sheets. We suggest investors put funds to work in these sectors at current market levels. In our view, the pullback in stocks offers long-term investors an attractive entry point."
After Trump blasted Fed Chairman Jerome Powell in a Truth Social post on Monday and said that "Powell's termination can't come quickly enough,&#8221; during a Tuesday press conference, he changed his tone, saying, "I have no intention of firing him".
&#8220;Essentially, if there is a recession, President Trump will likely blame Fed Chairman Powell for failing to cut key interest rates fast enough,&#8221; said Louis Navellier of Navellier and Associates.
Talking about the ongoing uncertainty surrounding Trump&#8217;s policies, Ed Yardeni of Yardeni Research said, &#8220;Trump's Tariff Turmoil has put the world on edge. A new world order may be the ultimate result, but for now we've got the New World Disorder, leaving everyone scrambling to adjust to Trump's unpredictable policy pivots. The economic fallout is uncertain. The uncertainty is keeping Wall Street on edge.&#8221;
See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on Thursday:
<ul>
<li>Initial jobless claims for the week ended April 19, along with March&#8217;s durable-goods orders data, will be out by 8:30 a.m. ET.</li>
</ul>
<ul>
<li>Existing home sales for March will be released by 10:00 a.m., and Minneapolis Fed President Neel Kashkari will speak at 5:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) fell 0.19% in premarket on Thursday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $1.49 per share on revenue of $10.70 billion.</li>
</ul>
<ul>
<li>PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) was down 0.11% as Wall Street expects it to report earnings of $1.49 per share on revenue of $17.77 billion before the opening bell.</li>
</ul>
<ul>
<li>Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) declined 0.96% as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $1.53 per share on revenue of $20.11 billion.</li>
</ul>
<ul>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) was 0.84% lower as Wall Street expects it to report earnings of $2.02 per share on revenue of $88.87 billion after the closing bell.</li>
</ul>
<ul>
<li>Nokia Oyj (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) tumbled 7.91% after posting weaker-than-expected earnings for its first quarter and confirming its guidance for the rest of the year.</li>
</ul>
<ul>
<li>Alaska Air Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) plunged 7.18% after it warned of a slower demand as its second-quarter profit outlook fell short of expectations.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.48% to hover around $62.57 per barrel.
Gold Spot US Dollar rose 1.43% to hover around $3,335.49 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.50% at the 99.3430 level.
Asian markets were mixed on Thursday. Japan's Nikkei 225 and Australia's ASX 200 indices advanced. While Hong Kong's Hang Seng, India's S&amp;P BSE Sensex, China&#8217;s CSI 300, and South Korea's Kospi index fell. European markets were mostly lower in early trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44972416/ibm-plays-down-trump-tariff-concerns-doge-could-affect-consulting-business-but-its-us-federal-bu">IBM Plays Down Trump Tariff Concerns: DOGE Could Affect Consulting Business, But Its &#8216;US Federal Business Is Less Than 5%,&#8217; Says CEO</a></li>
</ul>
Image via Shutterstock

Analyst Color

Asia

Equities

Government

Macro Notification

Market Summary

Regulations

Bonds

Broad U.S. Equity ETFs

Emerging Markets

Eurozone

Futures

Commodities

Forex

Treasuries

Federal Reserve

Pre-Market Outlook

Markets

Analyst Ratings

ETFs

General

GOOG

GOOGL

TSLA

US Stock Futures Drop Amid Mixed Signals From White House On US-China Trade: 'Focus On Quality In A Diversified Manner,' Says Expert

ADBE

Adobe Empowers Creators With Breakthrough Speed, Precision, And Flexibility Through New Creative Cloud And Firefly App Upgrades

q2Business Outlook
ST's guidance, at the mid-point, for the 2025 second quarter is:
<ul>
<li>Net revenues are expected to be $2.71 billion, an increase of 7.7% sequentially, plus or minus 350 basis points.</li>
<li>Gross margin of 33.4%, plus or minus 200 basis points.</li>
<li>This outlook is based on an assumed effective currency exchange rate of approximately $1.08 = €1.00 for the 2025 second quarter and includes the impact of existing hedging contracts.</li>
<li>The second quarter will close on June 28, 2025.</li>
</ul>
This business outlook does not include any impact for potential further changes to global trade tariffs compared to the current situation.

CORRECTION: STMicroelectronics Q2 Outlook: Revenue Of $2.615B-$2.805B Vs. $2.616B Estimate; Gross Margin Of 33.4%

Repsol And Bunge Incorporated Intermediate Novel Crops In The Production Of Renewable Fuels. Camelina And Safflower Will Be Processed Into Low-Carbon Intensity Oils And Used As Feedstock To Produce Hydrotreated Vegetable Oil, A Fully Compatible Drop-in Replacement For Conventional Diesel Fuel, Or Sustainable Aviation Fuel For The Decarbonization Of Air Travel.

On Wednesday, Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) introduced a newly redesigned version of its Microsoft 365 Copilot app.
What Happened: The development was shared by Microsoft CEO Satya Nadella took to X, formerly Twitter.
The artificial intelligence-powered assistant, embedded within Microsoft's suite of productivity tools, is getting a host of new features aimed at streamlining workflows and enhancing creativity.
"Copilot has truly become the UI [User Interface] for AI – and for me, it's the scaffolding for my workday," Nadella wrote.
Among the most significant upgrades are new AI agents dubbed &#8220;Researcher&#8221; and &#8220;Analyst,&#8221; which Nadella described as his &#8220;go-to 24/7 experts.&#8221;
Researcher aggregates and synthesizes information from the web and enterprise data to generate insightful reports, while Analyst turns raw data into visualizations and forecasts.
See Also: <a href="https://www.benzinga.com/markets/25/04/44971532/teslas-new-cheaper-cars-might-not-be-the-game-changer-investors-hoped-for-warns-gary-black-heres-why-he-thinks-they-could-hurt-more-than-help">Tesla&#8217;s New Cheaper Cars Might Not Be The Game Changer Investors Hoped For, Warns Gary Black — Here&#8217;s Why He Thinks They Could Hurt More Than Help</a>
Copilot now also includes a Notebooks feature, allowing users to collect all project-related content—documents, meetings, webpages—into a single AI-grounded workspace.&nbsp;
"It has entirely changed my workflow," Nadella said, adding that users can even generate audio overviews of their content.
Microsoft has also added an enhanced search tool that integrates data from third-party platforms like Google Drive, Slack, and Jira, delivering not only AI-synthesized answers but also source materials for context.
Another standout addition is the new Create feature, which can generate visuals from prompts and even convert PowerPoint slides into explainer videos using OpenAI's GPT-4o model.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">5/ Create: This one is fun. Turn a PowerPoint into an explainer video, or generate an image from a prompt in Copilot with just a few clicks. We've also added new features to make Copilot even more personalized to you, plus a redesigned app built for human-agent collaboration. <a href="https://t.co/m1oTf53aai">pic.twitter.com/m1oTf53aai</a>
&mdash; Satya Nadella (@satyanadella) <a href="https://twitter.com/satyanadella/status/1915098370773037193?ref_src=twsrc%5Etfw">April 23, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It's Important: Earlier this month, Microsoft <a href="https://www.benzinga.com/25/04/44831264/microsoft-debuts-computer-use-tool-for-copilot-studio-ceo-satya-nadella-says-anyone-can-build-agents-that-take-action-on-the-ui-across-desktop-and-web-apps">introduced a research preview</a> of "Computer Use," a new feature within Copilot Studio that allows AI agents to directly interact with desktop and web applications to complete tasks.
This follows the company's launch of Dragon Copilot last month—an AI-powered assistant <a href="https://www.benzinga.com/25/03/44087329/microsoft-unveils-ai-powered-dragon-copilot-to-ease-clinician-workloads">designed to streamline clinical workflows</a> by combining voice dictation, ambient listening, and generative AI.
Back in January, Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) co-founder and CEO Marc Benioff criticized Microsoft's Copilot, saying it had "already flopped."
He argued that the tool lacked user adoption and was essentially just a rebranded version of OpenAI's ChatGPT.
Since 2019, Microsoft has <a href="https://www.benzinga.com/24/12/42664762/after-investing-nearly-14-billion-in-openai-microsoft-reportedly-moves-to-reduce-its-dependence-on-chatgpt-parent">invested more than $14 billion in OpenAI</a>. However, the alliance hasn't been without its challenges.
Previously, Former CEO Steve Ballmer <a href="https://www.benzinga.com/25/04/44790055/satya-nadella-says-ai-needs-a-new-type-of-inbox-and-believes-microsofts-copilot-will-be-as-big-as-excel-and-powerpoint">told GeekWire</a>, &#8220;What Satya did with OpenAI, I think was brilliant — and I think it&#8217;s fraught with peril, but I know they know that. It&#8217;s sort of a juggling act.&#8221;
Price Action: Microsoft shares rose 2.06% on Wednesday, closing at $374.39. Despite the gain, the stock remains down 10.56% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Per Benzinga Edge Stock Rankings, Microsoft has a growth score of 64.65%. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how it stacks up against</a> other companies in the sector.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://benzinga.com/25/04/44855242/charlie-munger-once-highlighted-how-warren-buffetts-lifelong-learning-made-berkshire-hathaways-success-possible-and-the-crucial-lesson-you-can-take-from-it" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said Warren Buffett Is A ‘Learning Machine&#8217; And That&#8217;s What Lies Beneath Berkshire Hathaway&#8217;s Success From One Decade To Another</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

MSFT

Satya Nadella Calls It 'Scaffolding For My Workday' — Introduces Microsoft 365 Copilot's AI Glow-Up To Reshape How We Work

China&#8217;s Ministry of Commerce has dismissed rumors of ongoing trade discussions with the United States, labeling such claims as unfounded.
What Happened: The Chinese Ministry of Commerce on Thursday, has denied any ongoing bilateral trade negotiations with the U.S.. The ministry stressed that any claims of progress in such talks have "no factual basis." <a href="https://www.scmp.com/economy/global-economy/article/3307745/china-denies-rumours-us-trade-talks-says-claims-have-no-factual-basis?module=top_story&amp;pgtype=homepage">reported</a> the South China Morning Post.
"At present there are absolutely no negotiations on the economy and trade between China and the U.S.," confirmed He, as cited by CNBC. 
Ministry Spokesman He Yadong, during a press conference, called on the U.S. to listen to international and domestic calls for reason. &#8220;If&nbsp;the U.S. truly wants to&nbsp;resolve the issue, it should&nbsp;heed rational voices from the&nbsp;international community and domestic stakeholders,&nbsp;completely abolish all unilateral tariffs&nbsp;on China, and find a&nbsp;solution through equal dialogue,&#8221; Yadong stated.
The commerce ministry's comments echoed those of Chinese Foreign Ministry Spokesperson Guo Jiakun, who said on Wednesday that there were no ongoing talks, according to state media.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/25/04/44944439/warren-buffett-i-am-100-for-the-independence-of-the-fedand-for-over-20-years-hes-warned-we-do-not-want-to" target="_blank" rel="noreferrer noopener">Warren Buffett Said &#8216;I Am 100% For The Independence Of The Fed:&#8217; For Over 20 Years, He&#8217;s Warned, &#8220;We Do Not Want To Fool Around With It&#8221;</a>
Why It Matters: China&#8217;s response comes in the wake of recent remarks made by U.S. Treasury Secretary Scott Bessent at a closed-door investor summit hosted by JPMorgan Chase &amp; Co. Bessent&#8217;s comments on tariffs and the ongoing trade tensions with China. The Treasury Secretary had reportedly characterized the high tariffs as "<a href="https://www.benzinga.com/markets/25/04/44942449/trump-pledges-substantial-cut-in-china-tariffs-but-refuses-to-make-it-zero-if-they-dont-make-a-deal-we-will-set-the-deal">unsustainable</a>" and stated that he expects ‘de-escalation' in U.S.-China tariffs. 
Earlier this week, U.S. President Donald Trump hinted at a potential review of the &#8220;high tariffs&#8221; placed on Chinese goods since the start of his second term. He also noted that senior officials from Beijing had reached out to Washington to lay the groundwork for possible talks.
Furthermore, President Trump recently pledged a<a href="https://www.benzinga.com/markets/25/04/44942449/trump-pledges-substantial-cut-in-china-tariffs-but-refuses-to-make-it-zero-if-they-dont-make-a-deal-we-will-set-the-deal"> significant reduction</a> in the high tariffs placed on Chinese goods, although they will not be completely abolished.
Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and&nbsp;Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) climbed over 2% on Wednesday, amid optimism over Beijing's softening trade tensions. <a href="https://in.benzinga.com/quote/bidu" target="_blank" rel="noreferrer noopener"></a>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Shares of ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) rose sharply in today's pre-market trading after the company reported <a href="https://in.benzinga.com/news/earnings/25/04/44966273/servicenow-stock-surges-on-q1-earnings-beat-company-says-its-positioned-as-the-platinum-standard-for-enterprise-grade-ai">better-than-expected first-quarter financial results.</a>
ServiceNow reported first-quarter revenue of $3.09 billion, beating the consensus estimate of $3.08 billion, according to Benzinga Pro. The company reported first-quarter adjusted earnings of $4.04 per share, beating analyst estimates of $3.84 per share.
ServiceNow shares jumped 9% to $886.00 in pre-market trading
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>CN Energy Group. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNEY#NASDAQ">CNEY</a>) rose 95.9% to $0.2490 in pre-market trading.</li>
<li>Wag! Group Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PET#NASDAQ">PET</a>) surged 55.6% to $0.1719 in pre-market trading after gaining 17% on Wednesday. Wag! Group recently reported fourth-quarter financial results and missed its EPS and sales estimates.</li>
<li>Linkage Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) gained 37.2% to $2.62 in pre-market. Linkage Global regained compliance with Nasdaq Bid Price Requirement.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) surged 35.3% to $1.80 in pre-market trading after gaining around 4% on Wednesday.</li>
<li>Solidion Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) rose 35.1% to $0.1385 in pre-market trading after gaining over 5% on Wednesday.</li>
<li>Cantor Equity Partners, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEP#NASDAQ">CEP</a>) gained 20.9% to $19.94 in pre-market trading after gaining around 54% on Wednesday.</li>
<li>Impinj, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PI#NASDAQ">PI</a>) jumped 15.8% to $89.26 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance above estimates.</li>
<li>Kearny Financial Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRNY#NASDAQ">KRNY</a>) gained 11.2% to $6.85 in pre-market trading ahead of quarterly earnings.</li>
<li>Community Health Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYH#NYSE">CYH</a>) gained 11.1% to $2.70 in pre-market trading after the company reported better-than-expected first-quarter financial results.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Greenlane Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) fell 92% to $0.0196 in pre-market trading after dipping 8% on Wednesday.</li>
<li>Relmada Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLMD#NASDAQ">RLMD</a>) shares fell 26.2% to $0.5079 in pre-market trading after jumping around 82% on Wednesday.</li>
<li>AGM Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>) shares fell 22.1% to $0.0452 in pre-market trading after jumping 93% on Wednesday. AGM Group Holdings recently received a Nasdaq Determination Notice.</li>
<li>Alpha Cognition Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACOG#NASDAQ">ACOG</a>) shares dipped 18.5% to $4.01 in pre-market trading after gaining 8% on Wednesday.</li>
<li>Ensysce Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSC#NASDAQ">ENSC</a>) shares tumbled 18.3% to $3.00 in pre-market trading after the company announced exercise of warrants for $2.2 million gross proceeds.</li>
<li>TAL Education Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>) fell 17.8% to $9.02 in pre-market trading after the company announced weaker-than-expected quarterly results.</li>
<li>Robert Half Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) declined 16.6% to $38.70 in pre-market trading after the company reported worse-than-expected quarterly financial results.</li>
<li>Acacia Research Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACTG#NASDAQ">ACTG</a>) fell 11.1% to $2.65 in pre-market trading.</li>
<li>Latham Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) fell 10.3% to $4.98 in today's pre-market trading. Latham Group will release financial results for the first quarter on Tuesday, May 6, after the closing bell.</li>
<li>Kaiser Aluminum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) dipped 8.2% to $54.10 in pre-market trading following weak quarterly sales.</li>
</ul>
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/04/44948767/top-2-consumer-stocks-that-may-implode-this-month">Top 2 Consumer Stocks That May Implode This Month</a> </li>
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Why ServiceNow Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket

As the stock market reels with the changing macroeconomic conditions, Wells Fargo is advising long-term investors to capitalize on the recent market pullback by favoring high-quality equities, particularly within the energy sector and large- and mid-capitalization stocks.
What Happened: Scott Wren, senior global market strategist at Wells Fargo, acknowledged that &#8220;With the pace of change on the tariff and geopolitical fronts moving fast and sometimes adjusting on a day-to-day basis, investors are wondering what they might do to help navigate the uncertainties.&#8221;
He has advised investors to maintain their exposure in higher-quality equities and fixed income. He highlights the importance of making a plan to weather the market volatility while seeking growth opportunities. &#8220;The first rule of thumb for our plan is to focus on quality in a diversified manner.&#8221;
Since the larger-capitalization companies have stronger balance sheets, more dependable cash flows, easy access to credit, and an ability to buy back shares, Wren says, &#8220;We continue to favor large- and mid-capitalization equities over small-cap.&#8221;
Furthermore, he highlights that Wells Fargo favours the energy sector and also has favorable ratings on Information Technology, Financials, and Communication Services.
&#8220;We believe these sectors feature long-term growth drivers and robust balance sheets. We suggest investors put funds to work in these sectors at current market levels. In our view, the pullback in stocks offers long-term investors an attractive entry point.&#8221;
See Also: <a href="https://www.benzinga.com/25/04/44971850/us-policymakers-are-privileged-says-expert-as-its-debt-in-usd-can-help-avoid-balance-of-payment-crisis">Dollar-Denominated Debt Gives US Policymakers Edge In Navigating Economic Shocks, Says Expert: &#8216;&#8230;Are In The Privileged Position&#8217;</a>
Why It Matters: Additionally, Wren forecasts that the Federal Reserve will cut interest rates three times this year &#8220;if growth slows and the unemployment rate ticks higher as we expect.&#8221;
Talking about fixed income investments, he adds, &#8220;Our approach in the fixed-income market is to be selective and focus on investment-grade corporate bonds and essential-service municipal bonds in the three to seven-year maturity range.&#8221;
According to him, the near-term road will &#8220;likely be bumpy,&#8221; with policy and geopolitical headlines driving financial markets on a day-to-day and week-to-week basis.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose on Wednesday. The SPY was up 1.55% to $535.42, while the QQQ advanced 2.27% to $454.561, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
In premarket on Thursday, SPY was 0.42% lower, whereas QQQ dropped 0.60%.
As of Wednesday, the Nasdaq 100 index was down 15.88% from its previous high of 22,222.61 points. The S&amp;P 500 index was 12.55% lower, as compared to the last record high of 6,147.43 points. On the other hand, Dow Jones was 12.13% down from its 52-week high of 45,073.63 points.
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<li><a href="https://www.benzinga.com/markets/equities/25/04/44972416/ibm-plays-down-trump-tariff-concerns-doge-could-affect-consulting-business-but-its-us-federal-bu">IBM Plays Down Trump Tariff Concerns: DOGE Could Affect Consulting Business, But Its &#8216;US Federal Business Is Less Than 5%,&#8217; Says CEO</a></li>
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Image Via Shutterstock

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Market Dip 'Attractive Entry Point,' Says Wells Fargo—Energy, Large And Mid-Cap Stock Favored

Several high-profile X users found that their visibility on the platform had plummeted after they publicly sparred with owner Elon Musk, raising new questions about how power is exercised on the platform once known for its pro-free speech stance.
What Happened: Many far-right influencers reported a drastic and continued decline in their reach on X after openly criticizing Musk in December. Among them were Anastasia Maria Loupis, Laura Loomer, and Owen Shroyer. All three had participated in online feuds with Musk over his <a href="https://www.benzinga.com/25/01/42779624/bernie-sanders-says-elon-musk-wrong-on-tech-guest-worker-program-h1-b-visa-purpose-is-to-replace-good-paying-american-jobs">backing of U.S. visa programs.</a>
Only Days later, the reach of their posts dropped sharply, according to data verified <a href="https://www.nytimes.com/interactive/2025/04/23/business/elon-musk-x-suppression-laura-loomer.html">by</a> The New York Times. Before the feuds, their accounts were viewed hundreds of thousands of times every day.
See Also: <a href="https://www.benzinga.com/general/social-media/25/04/44824966/sam-altmans-openai-explores-creating-social-media-competitor-to-elon-musks-x">Sam Altman&#8217;s OpenAI Explores Creating Social Media Competitor To Elon Musk&#8217;s X</a>
Why It Matters: The decline in visibility has generated doubts about whether Musk, who owns X and labels himself a "free speech absolutist," is silently implementing the <a href="https://www.benzinga.com/news/22/03/26006727/elon-musk-says-he-is-a-free-speech-absolutist-after-refusing-to-block-russian-new-sources-on-starlin">platform's tools to hit back at critics</a>. 
Ari Cohn, a lawyer at the Foundation for Individual Rights and Expression, said "Don't sit here and cloak yourself in the First Amendment and free speech, and then do things like that."  
While X has previously declared that it does not curtail <a href="https://www.benzinga.com/news/24/10/41242624/elon-musk-vows-to-defend-freedom-of-speech-but-within-the-boundaries-of-the-law-as-x-gets-brazil-gre">users on the basis of opinion</a>, Musk has admitted that blocking or muting an account can dramatically decrease its visibility. 
Musk also indicated that users struck off from X's premium program—such as Loomer and Shroyer—would no longer have algorithmic advantages, making it more difficult for their <a href="https://www.benzinga.com/general/social-media/25/01/42805588/elon-musk-announces-changes-to-x-over-negativity-concerns-too-much-negativity-is-being-pushed">content to be seen or monetized</a>.
In an interview reflecting on her experience, Loupis said, "It has turned out to be all lies from him," citing Musk's earlier promises to champion open discourse.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44940871/elon-musk-led-tesla-reports-125-million-in-unrealized-losses-on-bitcoin-after-top-crypto-drops-12-in-q1">Elon Musk-Led Tesla Reports $125 Million In Unrealized Losses On Bitcoin After Top Crypto Drops 12% In Q1</a></li>
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Image Via Shutterstock

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Elon Musk's Critics On X See Sudden Drop In Visibility, Raising Questions About Platform's Free Speech Commitments

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