Short interest for FinVolution Gr gives investors a sense of the degree to which investors are betting on the decline of FinVolution Gr's stock. Short interest data is updated every two weeks.

FinVolution Gr Stock (NYSE:FINV), Short Interest Report

FinVolution Gr

FinVolution Group is a provider of online consumer finance in China. It offers various loan products, making financial services available to borrowers anytime, anywhere; designs a loan transaction process, and offers Tailored risk-based pricing. It offers short-term loans to borrowers to meet immediate credit needs while allowing them to gradually establish their credit history through activities on the company's platform. The company provides investors with an opportunity to invest in emerging asset class-consumer loans through a variety of investment options. It generates revenues from fees charged to borrowers. The Group's long-lived assets are located in the PRC and its revenues are derived from within the PRC.

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U.S. stock futures were higher this morning, with the Nasdaq futures gaining by around 70 points on Tuesday.

Shares of  Dada Nexus Limited  (NASDAQ: DADA) shares fell sharply in today&#39;s pre-market trading after the company reported downbeat fourth-quarter results.

Dada Nexus Posts Downbeat Results, Joins GDS Holdings And Other Big Stocks Moving Lower In Tuesday&#39;s Pre-Market Session

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Key Takeaways:


	Lufax announced a massive special dividend of $2.42 per ADS, equal to about half of its Friday closing price of $4.48
	The company slashed the size of its loan portfolio by 45% last year, and expects to reduce it by another 32% this year as it focuses on higher quality borrowers


By Doug Young

Investors Unimpressed By Massive Dividend From Shrinking Lufax

Key Takeaways:


	Qifu’s revenue grew 13% year-on-year in the fourth quarter, and its net profit rose by more than 20%
	The company announced plans to repurchase up to $350 million worth of its shares, far more than the $132 million in repurchased from last June to March this year


By Warren Yang

Forget About Growth. Qifu Shows It&#39;s All About Giving Back To Shareholders

FinVolution Group American Depositary Shares

FinVolution Group

New York-listed shares of ZEEKR Intelligent Technology Holding Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) closed nearly 35% higher than <a href="https://www.benzinga.com/markets/equities/24/05/38756035/chinas-zeekr-prices-us-ipo-at-top-end-of-estimated-range-whats-on-the-cards">its initial public offering price</a> on its first day of trading on Friday. 
What Happened: ZEEKR, the global electric mobility technology brand of Chinese automaker&nbsp;Geely Automobile&nbsp;Holding&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/GELYY#OTC">GELYY</a>), had priced its U.S. initial public offering (IPO) of&nbsp;21 million American Depositary Shares (ADS) at&nbsp;$21&nbsp;per share. 
The shares of Tesla Inc&#8217;s Chinese rival closed at $28.26 on Friday after opening at $26, giving the company a fully diluted valuation of $6.8 billion.
"There are huge demands and opportunities in the global new energy vehicle market. Zeekr is positioned as a premium electric mobility brand and is an important pillar supporting Geely's electric transformation. I believe that Zeekr will be able to seize this historic opportunity and become a sustainable business that unlocks long-term value for users, investors and society,&#8221; Geely Holding Chief Executive Daniel Li said. Geely also owns Volvo Cars and Lotus Cars.
Why It Matters: Zeekr started delivering its vehicles in October 2021, and the brand has delivered over 240,000 vehicles to date. The company has announced plans to sell vehicles in European, Middle Eastern, and other Asian markets. 
Zeekr disclosed a surge in total revenue to 51.67 billion yuan&nbsp;($7.15 billion)&nbsp;in 2023, but its net loss widened to 8.26 billion yuan.&nbsp;
Zeekr&#8217;s debut on the New York Stock Exchange comes as other U.S. EV makers have been<a href="https://www.benzinga.com/news/24/05/38699990/tesla-stock-is-sliding-wednesday-whats-going-on"> facing a stock slump</a>. Tesla stock has slumped 32.2% year-to-date while Rivian stock has slumped nearly 52.7%. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:&nbsp;<a href="https://www.benzinga.com/news/24/05/38729359/hertz-customer-fumes-after-car-rental-company-charges-him-277-for-refueling-tesla-and-refuses-to-rei" target="_blank" rel="noreferrer noopener">Hertz Customer Fumes After Being Billed $277 For ‘Refueling&#8217; Tesla, Car-Rental Company Says It Will Refund ‘Erroneous&#8217; Charge</a>
Image Credits &#8211; Shutterstock

Equities

Tech

GELYY

Chinese Tesla Rival Zeekr Soars 35% On NYSE Debut, Valuation Hits $6.8B

Elon Musk hit back at the Australian Prime Minister Anthony Albanese after he talked about the need for a "social license" as <a href="https://www.benzinga.com/government/24/05/38751844/australia-calls-for-inquiry-into-metas-facebook-elon-musks-x-tiktok-to-make-these-platforms-accounta">his government intensified scrutiny</a> of social media platforms.
What Happened: Musk, the single largest shareholder of X, formerly Twitter, slammed the Australian government, implying that a "social license" would amount to "suppressing" the rights of Australians.
His response was in reaction to the Australian government&#8217;s criticism of social media platforms for not promptly removing violent posts. The government is seeking more oversight over content posted on Meta&#8217;s Facebook, TikTok, and Musk&#8217;s X.
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.
"With social media comes the need for a social license and a social responsibility," Albanese said in a press conference.
Reacting to it, Musk posted, "I doubt that the people of Australia agree with suppressing their rights."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I doubt that the people of Australia agree with suppressing their rights <a href="https://t.co/FXh0crGGYH">https://t.co/FXh0crGGYH</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1789039218607747137?ref_src=twsrc%5Etfw">May 10, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/24/05/38759440/elon-musk-gets-another-vote-of-confidence-from-twitter-co-founder-jack-dorsey-elon-made-the-right-ch">Elon Musk Gets Another Vote Of Confidence From Twitter Co-Founder Jack Dorsey: &#8216;Elon Made…The Right Choice&#8217;</a>
Why It Matters: The Australian government has <a href="https://www.benzinga.com/news/24/04/38368734/elon-musk-hits-back-at-australias-leader-amid-row-over-removal-of-violent-video-from-x-does-the-pm-t">been at odds with Musk&#8217;s X</a> over a regulatory order to remove videos of a stabbing attack on an Assyrian church bishop in Sydney last month.
Earlier, the Australian government had announced a parliamentary inquiry into the operations of major social media platforms, including Meta Platforms Inc.'s Facebook, TikTok, and X, to address the influence of these platforms.
Albanese&#8216;s Labor government is already in a legal battle with Musk&#8217;s X over the regulatory order.
Musk, who has been vocal about free speech, has also been <a href="https://www.benzinga.com/news/24/04/38460718/elon-musk-weighs-in-after-x-user-says-banning-tiktok-sets-a-precedent-that-government-can-ban-any-ap">critical of the Biden administration's</a> TikTok ban bill, fearing that it sets a "precedent" for banning any other app the government does not like.
Check out more of&nbsp;Benzinga&#8217;s&nbsp;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:&nbsp;<a href="https://www.benzinga.com/news/24/05/38727604/chuck-schumer-offers-to-provide-ai-regulation-framework-for-healthcare-labor-rights-and-doomsday-sce" target="_blank" rel="noreferrer noopener">Chuck Schumer Offers To Provide AI Regulation Framework For Healthcare, Labor Rights, And ‘Doomsday Scenarios' As US Looks To Catch Up With EU</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Social Media

Global

Elon Musk Slams Australian Government For Saying 'Social License' Is Required Amid Tussle With X: 'Doubt...People Of Australia Agree With Suppressing Their Rights'

Sam Altman, the CEO of OpenAI, shot down rumors that the AI startup is <a href="https://www.benzinga.com/news/24/05/38751052/googles-new-rival-may-finally-be-here-sam-altmans-openai-could-launch-it-just-ahead-of-search-giants">developing a search engine</a> or launching GPT-5. Instead, he confirmed that a May 13 event is scheduled to talk about "some new stuff" the company is working on.
What Happened: Altman took to X, formerly Twitter, on Friday to downplay rumors of OpenAI launching a search engine to take on Alphabet Inc.'s Google.
"Not GPT-5, not a search engine, but we've been hard at work on some new stuff we think people will love! Feels like magic to me.&#8221;
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.
He did not provide any further details about the new projects.
<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">not gpt-5, not a search engine, but we've been hard at work on some new stuff we think people will love! feels like magic to me. monday 10am PT. <a href="https://t.co/nqftf6lRL1">https://t.co/nqftf6lRL1</a>
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1788989777452408943?ref_src=twsrc%5Etfw">May 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Curiously, Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI's post points out that this "new stuff" includes demos of "some ChatGPT and GPT-4 updates" instead of something bigger.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38696261/prominent-apple-bull-reveals-surprise-takeaway-from-apples-ipad-launch-tim-cooks-ai?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Prominent Apple Bull Reveals Surprise Takeaway From Apple&#8217;s iPad Launch</a>
Why It Matters: Altman&#8217;s post comes at a time when <a href="https://www.benzinga.com/news/24/05/38751052/googles-new-rival-may-finally-be-here-sam-altmans-openai-could-launch-it-just-ahead-of-search-giants">OpenAI was reportedly set to announce its AI-powered search product</a>, potentially intensifying its rivalry with Google.
Altman&#8217;s post also follows OpenAI&#8217;s recent announcement of <a href="https://www.benzinga.com/news/24/05/38733370/openai-is-working-on-new-ai-image-detection-tools-in-busy-election-year-worldwide-to-tell-if-photos">new AI tools for image detection</a> and content authentication.
Moreover, this post comes after Altman&#8217;s recent <a href="https://www.benzinga.com/news/24/05/38611412/sam-altman-teases-gpt-5-openais-gpt-4-the-dumbest-model-people-will-have-to-ever-use-again-says-ceo">teasing of GPT-5</a> and calling GPT-4 the "dumbest model" people will ever have to use again. He also pointed out his commitment to developing artificial general intelligence (AGI) regardless of how much it costs.
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: <a href="https://www.benzinga.com/news/24/05/38723527/elon-musk-agrees-meta-cant-be-trusted-after-zuckerberg-led-social-media-giant-hit-with-37m-fine-over?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Agrees &#8216;Meta Can&#8217;t Be Trusted&#8217; After Zuckerberg-Led Social Media Giant Hit With $37M Fine Over Data Sharing Practices</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

MSFT

OpenAI's Sam Altman Shoots Down Search Engine And GPT-5 Rumors, Teases May 13 Event: 'Some New Stuff…People Will Love'

Protestors against Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) expansion efforts at its gigafactory in Berlin on Friday attempted to <a href="https://www.benzinga.com/markets/equities/24/05/38764576/tesla-german-gigafactory-faces-climate-protestors-friday-why-are-they-not-jailed-musk-asks">storm the company&#8217;s factory</a>, damaged several of the company&#8217;s EVs, and even injured several police officers.
What Happened: According to the protest organizing group Disrupt Tesla, about 800 people took part in the protests on Friday. The protestors are against the expansion of the company&#8217;s facilities, which they deem to be harmful to the environment. The EV giant is aiming to double the plant's capacity for battery production to 100-gigawatt hours and car production to 1 million units annually.
&#8220;Tesla stands for labor accidents, water scarcity, deforestation, environmental pollution and exploitation here and worldwide,&#8221; Disrupt Tesla alleged. 
As per the Police in Brandenburg, 16 people were taken into custody as of 7 p.m. on Friday. The protestors temporarily blocked roads and rail traffic and some even climbed over the fence at Neuhardenberg airfield and damaged 24 Tesla vehicles with paint. Though several tried to enter Tesla&#8217;s factory premises, they were prevented by police personnel, the police department said. 
Police measures and investigations are ongoing, they added.
Tesla CEO Reacts: Tesla CEO Elon Musk on Friday criticized the actions against the company. &#8220;Something super weird is going on, as Tesla was the only car company attacked!,&#8221; Musk said on X while also alleging that there is more to the attacks than what &#8220;meets the eye.&#8221;
&#8220;Any idea who is orchestrating and funding this?,&#8221; Musk asked in another post, hinting at a larger campaign against the company. However, he also claimed that there are a lot of protests around Germany over the week as it is &#8220;National Protest Week&#8221; in the European country.
Tesla had a <a href="https://www.benzinga.com/news/24/05/38691492/teslas-giga-berlin-shuts-down-but-not-for-as-long-as-you-thought-senior-exec-clarifies">one-day planned production shutdown at the factory</a> on Friday in anticipation of the protests. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is fake news. Protesters did not manage to break through the fenceline. There are still 2 intact fence lines all around. Note, this is "National Protest Week" in Germany, so there are a lot of protests for many different reasons.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1788935167374946335?ref_src=twsrc%5Etfw">May 10, 2024</a></blockquote>
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Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="http://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More: <a href="https://www.benzinga.com/news/24/05/38729359/hertz-customer-fumes-after-car-rental-company-charges-him-277-for-refueling-tesla-and-refuses-to-rei" target="_blank" rel="noreferrer noopener">Hertz Customer Fumes After Being Billed $277 For ‘Refueling&#8217; Tesla, Car-Rental Company Says It Will Refund ‘Erroneous&#8217; Charge</a>
Image Courtesy: Tesla Inc

TSLA

Elon Musk Says 'Tesla Was The Only Car Company Attacked' After 16 Protesters Were Taken Into Custody In Berlin: 'There Is More To This Than Meets The Eye'

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly closed in on a deal with ChatGPT-parent OpenAI to incorporate the <a href="https://www.benzinga.com/news/24/04/38474688/goodbye-google-gemini-apple-in-talks-with-microsoft-backed-openai-for-iphone-ai-features-report">startup&#8217;s technology into</a> iPhones, as part of a broader strategy to introduce artificial intelligence features to its devices.
What Happened: Apple is finalizing an agreement with Microsoft Corp.-backed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) OpenAI to use ChatGPT features in iOS 18, the <a href="https://www.benzinga.com/news/24/03/37932418/apple-reportedly-readying-ios-18-with-home-screen-redesign-and-ai-upgrades">upcoming iPhone operating system</a>, <a href="https://www.bloomberg.com/news/articles/2024-05-11/apple-closes-in-on-deal-with-openai-to-put-chatgpt-on-iphone">reported</a> Bloomberg, citing people familiar with the matter.
Apple is <a href="https://www.benzinga.com/news/24/03/37771653/apple-in-talks-with-google-to-license-gemini-ai-models-for-future-iphones-report">also engaged in discussions</a> with 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>) Google to potentially license Gemini.
While no agreement has been reached yet, the negotiations are still ongoing.
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38698828/elon-musk-gets-community-noted-on-x-after-claiming-there-are-known-vulnerabilities-in-signal-messagi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gets Community Noted On X After Claiming There Are &#8216;Known Vulnerabilities&#8217; In Signal Messaging App That He Once Backed</a>
The potential deal with Sam Altman-led company would allow Apple to&nbsp;offer a popular chatbot as&nbsp;part of a series of new AI features, which the company plans to unveil at its annual Worldwide Developers Conference in June.
Last year, Apple CEO Tim Cook admitted to <a href="https://www.benzinga.com/news/23/06/32752316/tim-cook-admits-chatgpt-excites-him-but-says-ai-capable-of-worse-things-than-bias-misinformation">personally using OpenAI&#8217;s ChatGPT</a>. However, he also noted that there were &#8220;a number of issues that need to be sorted.&#8221;
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.
Why It Matters: Cook has been vocal about the company&#8217;s AI efforts, expressing confidence in its AI prospects despite concerns from investors. He also revealed that Apple has invested $100 billion in research and development over the past five years, as part of its plan to unveil new <a href="https://www.benzinga.com/markets/equities/24/05/38610325/tim-cook-very-bullish-on-apples-generative-ai-efforts-despite-lower-capital-expenditure-than-riv">AI features at WWDC next month</a>.
Apple&#8217;s push into the AI space also includes the <a href="https://www.benzinga.com/news/24/05/38660564/apple-reportedly-working-to-join-the-ranks-of-microsoft-amazon-meta-by-developing-its-own-ai-chips-f">development of its own AI chips for data centers</a>, a move that could potentially disrupt the market. The project, codenamed ACDC, is an extension of Apple&#8217;s existing in-house chip efforts for its devices.
Check out more of&nbsp;Benzinga&#8217;s&nbsp;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:&nbsp;<a href="https://www.benzinga.com/news/24/05/38689467/elon-musk-isnt-sure-apples-showed-its-entire-30b-r-d-prowess-with-new-ipads-maybe-they-have-some-sec?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Isn&#8217;t Sure If Apple Showed Its Entire $30B R&amp;D Prowess With New iPads: &#8216;Maybe They Have Some Secret Products…&#8217;</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AAPL

GOOG

GOOGL

Apple Inches Closer To Choosing Sam Altman-Led OpenAI To Integrate ChatGPT On iPhones: Report

The&nbsp;youngest son of former President&nbsp;Donald Trump has turned down the <a href="https://www.benzinga.com/news/24/05/38720621/barron-trump-steps-into-political-spotlight-as-floridas-at-large-gop-convention-delegate">opportunity&nbsp;to serve as a delegate</a>&nbsp;for Florida at the upcoming Republican National Convention or RNC.
What Happened: Barron Trump declined the offer citing &#8220;prior commitments,&#8221; as per a statement from the office of former First Lady Melania Trump, reported <a href="https://thehill.com/homenews/campaign/4657094-barron-trump-declines-rnc-delegate/">The Hill</a> on Friday.
&#8220;While Barron is honored to have been chosen as a delegate by the Florida Republican Party, he regretfully declines to participate due to prior commitments,&#8221; read the statement. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/05/38750997/trumps-son-in-law-back-in-political-arena-jared-kushner-reportedly-making-calls-to-potential-donors?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Son-In-Law Back In Political Arena? Jared Kushner Reportedly Making Calls To Potential Donors To Attend Ex-President&#8217;s New York Fundraiser For 2024 Run</a>
The Florida GOP had earlier announced that Barron Trump would join his siblings, Eric, Tiffany, and Donald Trump Jr., as delegates, with Eric Trump serving as the state&#8217;s delegation chair. The RNC is scheduled to take place in Milwaukee, Wisconsin, in mid-July.
Earlier, Donald Trump, said in a radio interview, &#8220;He [Barron] does like politics. It's sort of funny. He'll tell me sometimes, &#8216;Dad, this is what you have to do.&#8217; So anyway, he's a good guy. He's a senior now in high school, and he'll be going to college.&#8221;
Why It Matters: This news comes as a surprise, given Barron Trump&#8217;s recent steps into the political spotlight. Just two days ago, it was reported that Barron Trump was selected as one of Florida&#8217;s at-large delegates for the RNC. This would have been his first official role in politics, alongside his siblings.
Earlier in March, it was reported that Melania Trump had&nbsp;<a href="https://www.benzinga.com/news/24/03/37681395/melania-trump-chooses-barron-over-husbands-2024-presidential-campaign-she-dislikes-a-petting-zoo">shifted her focus toward her family</a>, particularly her son Barron, rather than her husband&#8217;s 2024 presidential campaign. At the time, it was reported that she has been dedicated to exploring potential colleges for Barron, and is resolved to accompany him wherever he chooses to pursue his studies.
Despite his family&#8217;s political ties, Barron Trump has been a subject of privacy concerns. In March 2024,&nbsp;Chelsea Clinton spoke out in <a href="https://www.benzinga.com/news/24/03/37903485/bill-clintons-daughter-speaks-out-in-defense-of-donald-trumps-youngest-sons-privacy-rights-leave-him">defense&nbsp;of Barron Trump&#8217;s privacy rights</a>, urging the media to respect his status as a private citizen.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/05/38752266/nikki-haley-said-to-be-wooing-more-top-donors-but-leaves-trump-support-up-in-the-air-for-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nikki Haley Said To Be Wooing More Top Donors But Leaves Trump Support Up In The Air For Now</a>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image Via Shutterstock

Politics

Media

Donald Trump's Youngest Son Declines To Be RNC Florida Delegate 'Due To Prior Commitments'

Kicking back this weekend but unsure what to binge-watch? No worries, Netflix has got your back with some brand-new goodies to spice up your screen time. As we roll into the second week of May, the streaming giant has a fresh lineup that&#8217;s as varied as it is enticing — from a gripping true-crime docu to a heartwarming rom-com and edge-of-your-seat thrillers. Whether you&#8217;re in the mood for laughter, tears, or some serious popcorn-spilling action, Netflix will likely have you covered.
Here are five fresh Netflix releases you&#8217;ll want to add to your weekend watchlist right away:
<h3 class="wp-block-heading">Cooking Up Murder: Uncovering the Story of César Román</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_-1024x576.jpeg" alt="Fans of gripping true crime documentaries are in for a treat with Cooking Up Murder: Uncovering the Story of César Román. Image: Tudum/ Netflix" class="wp-image-332835" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10110121/AAAABbgcGGCMzDsyKI7fkvmdecIIaAWLz_-GuRut8_sZQSMJ-A644kn8jrThjb7BG8hqn2TQZlmUZNy9xzy9s2lKwMOiGQij1G1CQ5I_.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Fans of gripping true crime documentaries are in for a treat with Cooking Up Murder: Uncovering the Story of César Román. Image: Tudum/ Netflix</figcaption></figure>
Diving into the dark world of culinary celebrity, &#8220;Cooking Up Murder: Uncovering the Story of César Román&#8221; explores the life of a high-profile Spanish chef known as the &#8220;king of cachopo.&#8221; Román, who enjoyed celebrity status in the culinary world, hid a disturbing secret behind his fame. In November 2018, authorities arrested him for the murder of his girlfriend, Heidi Paz. Fans of true-crime documentaries like &#8220;Bad Surgeon&#8221; and &#8220;The Tinder Swindler&#8221; will find this gripping tale irresistible.
<h3 class="wp-block-heading">Mother of the Bride</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride-1024x576.jpg" alt="Just in time for Mother's Day, "Mother of the Bride" brings a delightful romantic comedy to the screen. Image: Tudum/ Netflix" class="wp-image-332802" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10104829/Netflix-Mother-of-the-bride.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Just in time for Mother's Day, "Mother of the Bride" brings a delightful romantic comedy to the screen. Image: Tudum/ Netflix</figcaption></figure>
Switching gears to a lighter, more heartwarming note, &#8220;Mother of the Bride&#8221; lands just in time for Mother's Day. This romantic comedy stars Brooke Shields, Benjamin Bratt, and Miranda Cosgrove. The film follows Lana (Shields), a single mom whose trip to her daughter&#8217;s wedding in Thailand takes a twist when she discovers the groom&#8217;s father is her ex (Bratt), reigniting old flames in a lush, romantic setting.
<h3 class="wp-block-heading">Bodkin</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd-1024x576.jpg" alt="The comedy thriller featuring Will Forte, Siobhán Cullen, and Robyn Cara. Image: Tudum/ Netflix" class="wp-image-332812" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105112/AAAABTKeTsbQm4H_SCaEXb66OAYj09zL8_E6rZk5oN8mUpAAL0-Y-lyFLZCarSkADRRGU_FO0WfxvpVV-4MWiINmIViVYWCgSlwImfcd.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The comedy thriller featuring Will Forte, Siobhán Cullen, and Robyn Cara. Image: Tudum/ Netflix</figcaption></figure>
For those who love a mix of comedy and mystery, &#8220;Bodkin&#8221; delivers just that. This Netflix Original comedy thriller features Will Forte, Siobhán Cullen, and Robyn Cara as American podcasters investigating decades-old disappearances in a quaint Irish town. What starts as a simple inquiry soon spirals into a bizarre adventure full of unexpected twists.
<h3 class="wp-block-heading">Thank You, Next</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next-1024x576.jpg" alt="The Turkish Netflix series enjoys mixing the hopeless romantic with the murky waters of modern-day relationships. Image: Tudum/ Netflix" class="wp-image-332825" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105536/thank-you-next.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The Turkish Netflix series enjoys mixing the hopeless romantic with the murky waters of modern-day relationships. Image: Tudum/ Netflix</figcaption></figure>
Although the title might remind you of a certain Ariana Grande album, &#8220;Thank You, Next,&#8220; is a Turkish drama series that ventures into the world of romance and legal drama. The story centers on Leyla, a lawyer reentering the dating scene after a tough breakup while tackling the &#8220;divorce case of the year&#8221; against a notorious serial divorcer. This drama intertwines personal and professional challenges in a compelling narrative.
<h3 class="wp-block-heading">Blood of Zeus</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA-1024x576.jpeg" alt="For those hooked on mythological dramas, "Blood of Zeus" returns with its second season. Image: Tudum/ Netflix" class="wp-image-332827" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10105702/AAAABT-wLl9aRndV0tvQbJwfA5fxT_7EZ_c0rAfJt4vy_f_l9kAkR4plyNrgZ9ooqhseuNSSj_ph0Jm28hD6FVznu2aYhJXXxJf4gBYA.jpeg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">For those hooked on mythological dramas, "Blood of Zeus" returns with its second season. Image: Tudum/ Netflix</figcaption></figure>
Lastly, animation and mythology enthusiasts will revel in the return of &#8220;Blood of Zeus.&#8221; This animated series, a sequel to &#8220;Gods &amp; Heroes,&#8221; continues the adventures of Zeus&#8217; demigod son who battles to save Olympus and Earth from ancient threats. Packed with gods, giants, and mythical battles, this series promises to be a visually stunning and thrilling journey through lost Greek tales.
Photo via Shutterstock

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The weekend is almost here and so are we to give you the entertainment fix you need. From romance to crime and animated movies for kids, we have the best scoop of entertainment for you so you can binge-watch this weekend.
In this list, we've curated this list of the best movies on Disney+ and Hulu. Some of these movies are all set to leave these services, so make sure you catch up on them while they're here.
<h3 class="wp-block-heading">Let It Be</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be-1024x576.jpg" alt="" class="wp-image-332742" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103118/Let-It-Be.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Let It Be &#x7C; Image credit: Disney+</figcaption></figure>
Love The Beatles? You'll like this documentary behind the scenes of the iconic rock band on its final concert. Let It Be is a restored version of Michael Lindsay-Hogg's documentary from the 1970s.
Perfect watch if you're one for a nostalgia hit.
Where To Watch: Disney+
<h3 class="wp-block-heading">Fantastic Mr. Fox</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox-1024x576.jpeg" alt="" class="wp-image-332744" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox-1024x576.jpeg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox-300x169.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox-768x432.jpeg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103141/Fantastic-Mr.-Fox.jpeg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Fantastic Mr. Fox &#x7C; Image credit: Disney+</figcaption></figure>
Fantastic Mr. Fox is a great stop-motion animated movie involving a series of farm thefts. Based on Roald Dahl's book of the same name, Fantastic Mr. Fox packs a lot of fun that people of all ages will enjoy.
Where To Watch: Disney+
<h3 class="wp-block-heading">Daredevil</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil-1024x576.jpg" alt="" class="wp-image-332746" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103206/Daredevil.jpg 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Daredevil &#x7C; Image credit: Disney+</figcaption></figure>
Starring Ben Affleck, this is the original Daredevil before the series came along. Affleck is a blind lawyer by the day and a vigilante by night, fighting injustice and taking down villains.
Where To Watch: Disney+
<h3 class="wp-block-heading">The Big Lebowski</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="952" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103228/The-Big-Lebowski.jpg" alt="" class="wp-image-332747" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103228/The-Big-Lebowski.jpg 952w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103228/The-Big-Lebowski-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103228/The-Big-Lebowski-768x432.jpg 768w" sizes="(max-width: 952px) 100vw, 952px" /><figcaption class="wp-element-caption">The Big Lebowski &#x7C; Image credit: Hulu</figcaption></figure>
The Big Lebowski is a great mix of crime and comedy, perfectly suited for a weekend watch. The movie involves a bowler with the same name as a millionaire, beaten by thugs and forced to pay a debt he has no idea about.
Where To Watch: Hulu
<h3 class="wp-block-heading">L.A. Confidential</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="952" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103248/L.A.-Confidential.jpg" alt="" class="wp-image-332751" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103248/L.A.-Confidential.jpg 952w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103248/L.A.-Confidential-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103248/L.A.-Confidential-768x432.jpg 768w" sizes="(max-width: 952px) 100vw, 952px" /><figcaption class="wp-element-caption">L.A. Confidential &#x7C; Image credit: Hulu</figcaption></figure>
L.A. Confidential is an iconic, Oscar-winning crime movie. Set in the 1950s, this movie stars Russel Crowe, Danny DeVito, and Guy Pearce who set out to solve a murder mystery.
Where To Watch: Hulu
<h3 class="wp-block-heading">Ocean's Eleven</h3>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="952" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103259/Oceans-Eleven.jpg" alt="" class="wp-image-332754" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103259/Oceans-Eleven.jpg 952w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103259/Oceans-Eleven-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10103259/Oceans-Eleven-768x432.jpg 768w" sizes="(max-width: 952px) 100vw, 952px" /><figcaption class="wp-element-caption">Ocean's Eleven &#x7C; Image credit: Hulu</figcaption></figure>
Ocean's Eleven, starring Brad Pitt, George Clooney, and Julia Roberts, is another comedy movie that involves a team of 11 who come together to pull off a heist at a casino.
Where To Watch: Hulu
Photo courtesy: Shutterstock

Kick Back And Relax: Here Are The Best Picks For Hulu And Disney+ To Watch This Weekend

A number of Americans are considering a move abroad, drawn by the promise of new experiences and escapes from economic pressures at home. Motivated by the thrill of adventure, better job prospects, and a desire for a safer lifestyle, one-third of U.S.-born nationals are exploring life beyond U.S. borders and not just for a vacation, but for longer stay.
If you&#8217;re in the same boat and wondering about the easiest countries to move to for tax and visa reasons, we&#8217;ve got you covered. Here are five countries that welcome Americans without a visa and are also tax-friendly.
<h3 class="wp-block-heading">1. Canada</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="601" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-1024x601.jpg" alt="Americans can enjoy up to 180 days in Canada without jumping through extra hoops. Image: Unsplash/ Jason Hafso" class="wp-image-332266" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-1024x601.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-300x176.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-768x451.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash-1536x902.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10073602/jason-hafso-C2keINMOhIE-unsplash.jpg 1840w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Americans can enjoy up to 180 days in Canada without jumping through extra hoops. Image: Unsplash/ Jason Hafso</figcaption></figure>
Topping the list is Canada, a stunning country with plenty of job opportunities, friendly people, and a booming economy. Americans can live in Canada for up to 180 days without a visa and take advantage of its strong $2.2 trillion economy, the ninth largest in the world. From web development to fast-food industry jobs, there&#8217;s no shortage of work opportunities. Apart from that, Canada stands out for its diverse multiculturalism policies, stable economy, and low crime rates.
<h3 class="wp-block-heading">2. United Kingdom</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom-1024x576.jpg" alt="Across the pond, the United Kingdom invites Americans to stay up to 180 days visa-free. Image: Unsplash/ Lucas Davies" class="wp-image-332280" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074606/usa-approved-visa-united-kingdom.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Across the pond, the United Kingdom invites Americans to stay up to 180 days visa-free. Image: Unsplash/ Lucas Davies</figcaption></figure>
The UK is famous for its rich art, music, and culture. Americans can live there for 180 days without a visa, and find plenty of job opportunities in this melting pot nation, especially for software developers, chefs, financial analysts, and hospitality staff. The country offers a favorable business environment and ranks highly for ease of doing business.
<h3 class="wp-block-heading">3. Panama</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="575" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama-1024x575.jpg" alt="Panama lets Americans stay for half a year visa-free. Image: Unsplash/ Luis Aleman" class="wp-image-332285" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama-1024x575.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama-768x431.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074659/usa-approved-visa-panama.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Panama lets Americans stay for half a year visa-free. Image: Unsplash/ Luis Aleman</figcaption></figure>
Located in Central America, Panama lets Americans stay for 180 days without a visa. With a resilient economy, 4.35 million people, and a GDP of $146 billion, Panama is one of the safest countries in the region. Its low inflation history and abundant job opportunities make it an attractive destination for Americans seeking a change of pace.
<h3 class="wp-block-heading">4. Barbados</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados-1024x576.jpg" alt="Barbados offers a serene escape where Americans can stay for up to 180 days without a visa. Image: Unsplash/ Kathryn Maingot" class="wp-image-332291" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074835/usa-approved-visa-barbados.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Barbados offers a serene escape where Americans can stay for up to 180 days without a visa. Image: Unsplash/ Kathryn Maingot</figcaption></figure>
Barbados offers tropical vibes and gorgeous beaches, where Americans can stay for 180 days without a visa. Most job opportunities are in tourism and hospitality, the island&#8217;s largest industries. Crime rates remain low, with only 21 cases reported in 2023. Barbados is known for its middle-income economy driven by tourism, tropical fruits, and clear oceans. Although not among the most stable economies, the country expects a steady economic recovery in 2024.
<h3 class="wp-block-heading">5. Bahamas</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas-1024x576.jpg" alt="The Bahamas allows a longer stay of 240 days without the need for visa arrangements. Image: Unsplash/ Fernando Jorge" class="wp-image-332294" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/05/10074939/Bahamas.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">The Bahamas allows a longer stay of 240 days without the need for visa arrangements. Image: Unsplash/ Fernando Jorge</figcaption></figure>
The Bahamas, a popular holiday spot for Americans, lets them stay visa-free for up to 240 days. Although it has a stable economy with a GDP per capita of around $31,000, finding job opportunities can be tricky for foreigners. Half of the country&#8217;s income comes from the tourism industry, and its crystal-clear waters and sandy beaches are sure to enchant you.

Travel

When Moving Abroad, Tax Is The Biggest Concern: 5 Best Countries Where Americans Can Relocate Hassle-Free

Rosenblatt analyst Mike Genovese maintains Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) with a Buy and lowers the price target from $20 to $16.

Price Target

Analyst Ratings

AAOI

Rosenblatt Maintains Buy on Applied Optoelectronics, Lowers Price Target to $16

<ul>
<li>Supports expansion of Tevogen's ExacTcell&#x2122;&nbsp;platform toward additional clinical trials &nbsp;</li>
<li>Bolsters a financial path to positive cashflow and minimizes dilution</li>
</ul>
WARREN, N.J., May 10, 2024 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=oQoZxfDuzbnVDx8Utu05sULO-98PPFip2k0yAQ_ZK-aj1yp6FHzXfhzz569lw9P2y2pOxP1LfL1R8DQdtRVSLwzHZkccaTtCun4Gcqk5Xlk=">Tevogen Bio Holdings Inc.</a> ("Tevogen" or "Tevogen Bio") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>), a clinical-stage specialty immunotherapy biotech pioneer developing off-the-shelf, genetically unmodified T cell therapeutics in oncology, neurology, and virology, has entered into a binding term sheet [with an existing investor] to secure up to $50 million of financing.
This financing supports Tevogen Bio's pursuit of expanding research and development efforts with a focus on continued clinical development of the company's initial product, TVGN 489, from its ExacTcell technology platform. In January 2023, Tevogen Bio announced positive proof-of-concept clinical trial results of TVGN 489 for treatment of high-risk patients. The financing will also be utilized to facilitate Tevogen Bio's efforts to start additional clinical trials for virally induced cancers and multiple sclerosis.

Financing

TVGN

Tevogen Bio Entered Into A Binding Term Sheet With An Existing Investor To Secure Up To $50M Of Financing

Cresud SACIF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRESY#NASDAQ">CRESY</a>) reported quarterly earnings of $0.20 per share. This is a 64.91 percent decrease over earnings of $0.57 per share from the same period last year. The company reported $241.99 million in sales this quarter. This is a 63.51 percent increase over sales of $148.00 million the same period last year.

Earnings

CRESY

Cresud SACIF Q3 EPS $0.20 Down From $0.57 YoY, Sales $241.99M Up From $148.00M YoY

Vroom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) reported quarterly losses of $(37.68) per share. This is a 12.7 percent increase over losses of $(43.16) per share from the same period last year.

Vroom Q1 EPS $(37.68) Up From $(43.16) YoY

An internal review released Friday revealed significant challenges, to put it nicely, plaguing <a href="https://www.benzinga.com/topic/new-york-cannabis">New York&#8217;s legal cannabis market</a>.
The issues are primarily attributed to inexperienced leadership within the state&#8217;s Office of Cannabis Management (OCM). The report was blunt, calling the OCM a &#8220;mission-driven&#8221; startup rather than a competent government office. 
Governor Kathy Hochul then proceeded to fire Chris Alexander, the head of the OCM.
The report noted that the OCM was staffed with inexperienced leadership, lacked a transparent process for licensing new dispensaries and had virtually no customer service for licensees.
"The majority of OCM's most senior leadership has relatively limited experience in leading regulatory entities, and the agency has experienced significant turnover in executive roles," the report reads.
"It has struggled to make the transition to a mature regulatory agency," noted the report, which was produced by Office of General Services Commissioner Jeanette Moy and obtained by the <a href="https://nypost.com/2024/05/10/us-news/damning-internal-report-rips-hochuls-cannabis-agency/">NY Post</a> before being released publicly Friday.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38419082/cannabis-saga-in-the-empire-state-corruption-or-ineptitude-private-equity-tramples-social-equity" target="_blank" rel="noreferrer noopener">Cannabis Saga In The Empire State: Corruption Or Ineptitude? Private Equity Tramples Social Equity, Report Reveals</a>
The report highlighted "implementation challenges" that "resulted in confusion, difficulties, and delays for well-intentioned line staff as well as applicants," referring to the complicated hoops potential licensees have had to jump through.
Other key problems within the OCM included erratic changes in licensing regulations, a lack of transparency and ineffective enforcement measures. These issues have not only hindered the legal cannabis market but have also fostered the proliferation of unlicensed cannabis shops across New York state. The Big Apple alone has more than 2,000 illicit shops according the local authorities.
Hochul, recognizing the severity of the situation, <a href="https://www.benzinga.com/markets/cannabis/24/03/37776915/new-york-gov-hochul-orders-review-of-cannabis-licensing-process-after-numerous-setbacks">ordered a comprehensive review in March</a> to address the bureaucratic hurdles and legal setbacks faced by the OCM. 
At the time, she called the program a &#8220;disaster.&#8221;
Despite initial intentions to prioritize <a href="https://www.benzinga.com/markets/cannabis/23/03/31398249/new-york-marijuana-regulators-sued-by-big-players-for-alleged-violation-of-state-cannabis-law">social equity</a> by allocating licenses to nonprofits and individuals with prior convictions or those who suffered from the War on Drugs, the process was marred by <a href="https://www.benzinga.com/markets/cannabis/23/08/33617244/the-debacle-called-ny-cannabis-market-state-supreme-court-halts-new-retail-licenses-following-ve">lawsuits</a>, delays and regulatory inconsistencies.
The OCM's chief equity officer Damian Fagon also happens to be on administrative leave pending an ongoing internal investigation that he retaliated against a&nbsp;Hudson Valley cannabis processor&nbsp;who was critical of OCM.
At this point, with only a limited number of legal cannabis dispensaries operating since late 2022, the illegal market has thrived. Unlicensed retailers who seem to operate with impunity are undermining the legal framework – a situation the OCM seemed incapable of controlling.
The report outlined various policy solutions to address the agency&#8217;s challenges, including the recruitment of experienced staff, streamlining licensing processes, and engaging in public outreach efforts to identify and rectify issues.
Photo courtesy of OCM

Cannabis

Government

Regulations

Scathing Internal Report Exposes New York's Cannabis Agency As Inexperienced, Irresponsible, Ineffective: Heads Are Rolling

Mitek Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MITK#NASDAQ">MITK</a>) reported quarterly earnings of $0.01 per share which missed the analyst consensus estimate of $0.27 by 96.3 percent. This is a 96.55 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $46.97 million which beat the analyst consensus estimate of $46.44 million by 1.13 percent. This is a 3.65 percent increase over sales of $45.31 million the same period last year.

Earnings Beats

Earnings Misses

MITK

Mitek Systems Q2 EPS $0.01 Misses $0.27 Estimate, Sales $46.97M Beat $46.44M Estimate

Siebert Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIEB#NASDAQ">SIEB</a>) reported quarterly losses of $(0.03) per share. This is a 130 percent decrease over earnings of $0.10 per share from the same period last year. The company reported $19.70 million in sales this quarter. This is a 21.84 percent increase over sales of $16.17 million the same period last year.

SIEB

Siebert Finl Q1 EPS $(0.03) Down From $0.10 YoY, Sales $19.70M Up From $16.17M YoY

A recent Beacon Securities report focuses on Curaleaf&#39;s strategic financial management and the potential impacts of legislative changes on its operations. Concurrently, Needham&#39;s report highlights Trulieve&#39;s operational strengths and projected growth, emphasizing the company&#39;s adeptness in navigating regulatory landscapes and capitalizing on market opportunities.
<h2>Curaleaf&#39;s Strategic Gains Amidst Modest Revenue Growth</h2>
According to Beacon&rsquo;s report, Curaleaf Holdings Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/curlf#OTC">CURLF</a>) demonstrated strategic resilience in the first quarter of 2024, recording <a href="https://www.benzinga.com/markets/cannabis/24/05/38748891/curaleaf-reports-q1-2024-revenue-of-339m-48-gross-margin-amid-strategic-global-expansion">revenues of $339 million and adjusted EBITDA of $77 million</a>. Although these figures slightly missed the consensus estimates, they surpassed Beacon Securities&#39; forecast, signaling robust operational efficiencies.
The adjusted gross margins saw a quarter-over-quarter increase of 117 basis points, indicative of improved asset utilization across their cultivation and manufacturing operations. Despite a slight decrease in vertical mix affecting overall margins, Curaleaf&#39;s operational adjustments led to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38656307/big-players-in-u-s-cannabis-could-play-the-stock-value-card-in-m-a-new-report-shows">stronger EBITDA margins</a> than anticipated.
Russell Stanley of <a href="https://beaconsecurities.ca/">Beacon </a>highlighted the company&#39;s adept management of operating cash flows which facilitated a significant <a href="https://www.benzinga.com/markets/cannabis/24/05/38603896/credit-check-what-does-dea-rescheduling-mean-for-cannabis-credit-ratings-big-companies-risk-retu">debt</a> repurchase post-quarter, enhancing its financial stability. Additionally, Russell considered the potential benefits from the <a href="https://www.benzinga.com/markets/cannabis/24/05/38597432/new-tax-rules-in-cannabis-what-are-the-consequences-dea-rescheduling">expected rescheduling of cannabis </a>and the implications of the SAFER Banking Act are poised to create a favorable financial landscape for Curaleaf.
<h3>Trulieve&#39;s Profitability</h3>
Concurrently, Trulieve Cannabis Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcnnf#OTC">TCNNF</a>) reported a commendable start to 2024, with first-quarter revenues climbing to $297.6 million, outpacing expectations. According to Matt McGinley from <a href="https://www.needhamco.com/">Needham</a>, the company achieved the highest gross margin and EBITDA rates observed in over two years, at 58.4% and 35.5% respectively. This improvement is largely attributed to stabilized pricing and cost reductions in their Florida operations.
Trulieve&#39;s fiscal prudence was evident in their management of operating cash flow, which included a notable $96 million relating to 280E tax refunds, underscoring their adept navigation of regulatory landscapes to bolster financial health.
<h2>Projections</h2>
<h3>Curaleaf&#39;s Strategic Financial Management</h3>
Stanley and his team at Beacon Securities are optimistic about Curaleaf&#39;s ability to capitalize on impending <a href="https://www.benzinga.com/markets/cannabis/24/05/38559933/billions-on-the-move-tracking-market-cap-changes-in-top-cannabis-firms-after-dea-rescheduling-an">legislative reforms</a>. With the anticipated rescheduling of cannabis and the potential enactment of the SAFER Banking Act, Curaleaf is expected to gain considerable operational advantages. These changes could potentially increase the company&#39;s operating cash flow by 92% and free cash flow by 188%, thereby substantially <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38657697/post-cannabis-rescheduling-whats-next-for-marijuana-giants-potential-1-1b-cash-flow">boosting profitability</a> and enhancing shareholder returns.
Scanning through cannabis spreadsheets can take some time. To learn more about investing, don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
<h3>Trulieve&#39;s Operations And Future Prospects</h3>
On the other hand, Needham&#39;s Matt McGinley praises <a href="https://www.benzinga.com/markets/cannabis/24/05/38730627/medical-marijuana-giant-trulieve-backer-of-floridas-recreational-cannabis-ballot-narrows-loss-re">Trulieve Cannabis Corp. </a>for its operational excellence, which he believes sets the company up for a successful financial year. He highlights Trulieve&#39;s record-setting gross margins and EBITDA rates at the beginning of 2024, attributing these achievements to the company&#39;s rigorous operational efficiencies and cost management strategies.
Moreover, he points to significant potential for growth in revenue stemming from <a href="https://www.benzinga.com/markets/cannabis/24/04/38531355/cannabis-stocks-and-etfs-surge-as-dea-moves-to-reschedule-marijuana">legislative advancements</a> in key markets like <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38470560/landing-in-floridas-cannabis-market-legal-adult-use-marijuana-could-yield-874m-in-2">Florida</a> and <a href="https://www.benzinga.com/topic/pennsylvania-cannabis">Pennsylvania</a>, which may transition to adult-use cannabis. This <a href="https://www.benzinga.com/markets/cannabis/24/05/38655829/cannabis-stocks-retreat-on-new-rescheduling-order-developments-whats-going-on">potential market expansion</a> could dramatically increase Trulieve&rsquo;s revenue base, potentially doubling it in these regions.
Photo: AI-Generated Image.&nbsp;

Analyst Color

Mid Cap

Retail Sales

Management

CURALEAF HLDGS INC by Curaleaf Hldgs Inc.

CURLF

TCNNF

Cannabis Reports Highlight $339M And $297.6M Revenue Insights In Curaleaf And Trulieve's Q1 2024 Financials

Loop Capital analyst Alton Stump maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Buy and lowers the price target from $97 to $90.

PZZA

Loop Capital Maintains Buy on Papa John's International, Lowers Price Target to $90

Loop Capital analyst Jeffrey Stevenson maintains Installed Building Prods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBP#NYSE">IBP</a>) with a Buy and raises the price target from $250 to $270.

Loop Capital Maintains Buy on Installed Building Prods, Raises Price Target to $270

FinVolution Non-GAAP EPADS of $0.29, revenue of $454M; initiates FY24 outlook

FinVolution Group (FINV) Q4 2023 Earnings Call Transcript

FinVolution Group 2023 Q4 - Results - Earnings Call Presentation

Finvolution Group (FINV) has released an update. FinVolution Group has reported a significant year-over-year growth for Fiscal Year 2023, with a re...

FinVolution Group Achieves Record Growth in 2023

FinVolution's International Adventure Bears Fruit

Jefferies analyst Thomas Chong maintained a Buy rating on FinVolution Group (FINV – Research Report) today and set a price target of $5.80. The com...

Jefferies Sticks to Their Buy Rating for FinVolution Group (FINV)

FinVolution Q4 2023: Striking A Balance Between Growth And Shareholder Returns

Finvolution Group (FINV) has disclosed a new risk, in the International Operations category. Finvolution Group's expansion into various internation...

Navigating Global Waters: Finvolution Group's Expansion and the Risks of International Finance Regulations

Showcasing Seeking Alpha's April 2024 New Analysts

Thanks to increased consumer spending and a positive growth outlook, the Chinese economy is expanding at a healthy pace. Given this backdrop, we believe three fundamentally sound Chinese stocks, NetEase (NTES), FinVolution (FINV), and Vipshop Holding (VIPS), are poised to shine beyond 2024. Learn more... The world's second-largest economy grew faster than expected in the March-ended quarter, offering a glimmer of relief to officials grappling with efforts to bolster growth amidst prolonged weaknesses in the property sector and increasing local government debt.
Given the economic resilience and promising indicators, I have highlighted three fundamentally sound Chinese stocks: NetEase, Inc. (<a href="https://stocknews.com/stock/NTES/">NTES</a>), FinVolution Group (<a href="https://stocknews.com/stock/FINV/">FINV</a>), and Vipshop Holdings Limited (<a href="https://stocknews.com/stock/VIPS/">VIPS</a>). These stocks are well-equipped to capitalize on the economy's tailwinds.
Before we dive deeper into the fundamentals of the highlighted stocks, let's briefly examine China's prevailing economic scenario.
The Chinese economy is expanding at a healthy pace, surpassing both expectations and last year's performance. In the first quarter, the economy expanded by <a href="https://www.cnbc.com/2024/04/16/chinas-q1-gdp-grew-5point3percent-in-the-first-quarter-beating-expectations.html">5.3% year-over-year</a>, higher than the 5.2% growth seen in the prior quarter and beating economists' forecasts of a 4.6% increase. This encouraging growth is spurred by ongoing support measures from Beijing, coupled with increased consumer spending during the Lunar New Year festival.
According to official figures, domestic tourists have <a href="https://www.weforum.org/agenda/2024/03/consumption-domestic-travel-surges-china-lunar-new-year/">contributed over 632 billion yuan</a> (approximately $88 billion) to the economy, marking a notable 7.7% increase compared to holiday spending in 2019 and a substantial 47.3% year-over-year surge.
Moreover, the Chinese economy experienced a seasonally adjusted 1.6% quarter-on-quarter growth in the first quarter, outpacing the revised fourth-quarter expansion of 1.2%.
Looking ahead, Beijing has set a growth target of <a href="https://www.cnbc.com/2024/03/05/china-gdp-target-2024.html">nearly 5% for 2024</a>. The country aims to achieve an urban unemployment rate of around 5.5%, create 12 million new urban jobs, and maintain a consumer price index increase of approximately 3%.
Considering the country's economic resurgence, coupled with a promising macroeconomic outlook, these three fundamentally sound Chinese stocks, NTES, FINV, and VIPS, might be opportunistic buys for those looking to diversify and strengthen their portfolios. Also, these stocks are trading at attractive valuations.
To that end, let's delve into the fundamentals of the top three <a href="https://stocknews.com/category/china/">China</a> stocks, beginning with the third choice.
Stock #3: NetEase, Inc. (<a href="https://stocknews.com/stock/NTES/">NTES</a>)
Headquartered in Hangzhou, the People's Republic of China, NTES is engaged in online gaming, music streaming, online intelligent learning services, and internet content services businesses both domestically and internationally. It operates through Games and Related Value-Added Services; Youdao; Cloud Music; and Innovative Businesses and Others segments.
On April 9, 2024, Blizzard Entertainment and NTES announced a renewed publishing deal, paving the way for the sequential return of Blizzard titles to mainland China beginning in the summer of 2024. The renewed publishing agreement includes popular titles like World of Warcraft&#xAE;, Hearthstone&#xAE;, and others from the Warcraft&#xAE;, Overwatch&#xAE;, Diablo&#xAE;, and StarCraft&#xAE; series.
Additionally, NTES also entered into an agreement with Microsoft Gaming to explore bringing new NetEase titles to Xbox consoles and other platforms.
On March 27, the company's online division, NetEase Games, partnered with Sandsoft Gamesa for a new joint venture to conduct game publishing, marketing, live operations, and esports activities for the MENA region. This move helps NTES to expand its footprint and boost its revenue stream.
In terms of forward non-GAAP PEG, NTES is trading at 1.08x, 13.6% lower than the industry average of 1.25x. Likewise, its forward EV/EBIT multiple of 11.66 is 23.6% lower than the industry average of 15.27.
NTES' total revenues increased 7% year-over-year to RMB27.14 billion ($3.76 billion) for the fiscal fourth quarter that ended December 31, 2023. Its gross profit grew 27% from the year-ago value to RMB16.82 billion ($2.33 billion).
Also, the company's operating profit increased 54.9% from the prior-year quarter to RMB6.87 billion ($950.61 million). NTES' non-GAAP attributable <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> from continuing operations came in at RMB7.38 billion ($1.02 billion) and RMB2.27 per share, representing 53.4% and 54.4% year-over-year improvements.
The consensus EPS estimate of $1.72 for the fiscal first quarter (ended March 31, 2024) represents a 5% improvement year-over-year. The consensus revenue estimate of $3.71 billion for the to-be-reported quarter indicates a 4.8% increase from the same period last year. The company has an impressive earnings surprise history, surpassing the consensus EPS estimates in three of the trailing four quarters.
NTES' net income and EBITDA have increased at CAGRs of 34.6% and 19.6%, respectively, over the past three years, while its EPS has grown at a 35.9% CAGR.
The stock's trailing-12-month gross profit and EBITDA margins of 60.95% and 29.73% are 23.9% and 60% higher than the 49.19% and 18.58% industry averages, respectively. Its trailing-12-month ROTA of 15.82% compares with the industry average of 1.38%.
Over the past year, the stock has gained 14.6% to close the last trading session at $101.86.
NTES' solid prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It also has a B grade for Value, Stability, and Quality. Out of the 39 stocks in the B-rated <a href="https://stocknews.com/category/china/">China</a> industry, it is ranked #4. To see the other ratings of NTES for Growth, Momentum, and Sentiment, <a href="https://stocknews.com/stock/NTES/">click here</a>.
Stock #2: FinVolution Group (<a href="https://stocknews.com/stock/FINV/">FINV</a>)
FINV, based in Shanghai, China, operates in the online consumer finance industry. The company runs a fintech platform that is empowered by proprietary technologies to link underserved borrowers with financial institutions.
On March 18, the company announced a 10.2% increase in its dividend for the fiscal year 2023 to $0.237 per American Depositary Share (ADS). This dividend is payable to its shareholders on May 7, 2024, marking its sixth consecutive year of dividend declarations.
With a four-year average dividend yield of 0.10% and the current dividend of $0.43 translating to a 2.66% yield, the company continues to provide consistent returns to its investors.
The company's share repurchase program, coupled with this year's dividend payment, brings its capital return to about $160 million, which represents 48.5% of the company's net income for fiscal 2023.
In terms of forward non-GAAP P/E, FINV is trading at 3.78x, 64.9% lower than the industry average of 10.77x. The stock's forward EV/Sales of 0.11x is 96.1% lower than the 2.83x industry average. Furthermore, the stock's forward EV/EBIT multiple of 0.58 is 94.8% lower than the industry average of 11.13x.
In the fiscal fourth quarter that ended December 31, 2023, FINV's total transaction value increased 7.8% year-over-year to RMB52.40 billion ($7.25 billion). Its net revenue rose 5.7% from the prior-year quarter to RMB3.22 billion ($446.15 million), while its operating profit amounted to RMB512.77 million ($70.97 million).
Non-GAAP net profit attributable to the company came in at RMB558.77 million ($77.34 million) and RMB0.41 per share in the same period. Also, its cash, cash equivalent, and restricted cash at the end of the period stood at RMB6.77 billion ($936.89 million), up 4.5% year-over-year.
Analysts expect FINV's revenue for the current year (ending December 2024) to increase 7.8% year-over-year to $1.88 billion, while its EPS is expected to grow 10.2% from the year-ago value to $1.34 in the same period. In fiscal 2025, revenue and EPS are expected to reach $2.12 billion and $1.55, registering a year-over-year growth of 12.7% and 15.4%, respectively.
Moreover, its revenue and EBITDA have increased at CAGRs of 17.4% and 14.4%, respectively, over the past three years. Likewise, its EPS has grown at an 8.2% CAGR over the same period.
In addition, FINV's trailing-12-month gross profit margin and ROCE of 78.59% and 17.92% are 31.5% and 69.4% higher than the industry averages of 59.78% and 10.58%, respectively. Likewise, its trailing-12-month 10.99% ROTA compares to the industry average of 1.07%.
The stock has gained 26.4% over the past year to close the last trading session at $5.07.
FINV's POWR Ratings reflect these solid prospects. The stock has an overall rating of A, equating to a Strong Buy in our proprietary rating system.
It has a B grade for Value, Stability, and Quality. Within the same B-rated industry, it is ranked #3. To see the ratings of FINV for Growth, Momentum, and Sentiment, <a href="https://stocknews.com/stock/FINV/">click here</a>.
Stock #1: Vipshop Holdings Limited (<a href="https://stocknews.com/stock/VIPS/">VIPS</a>)
Headquartered in Guangzhou, VIPS operates online platforms in China. It operates in Vip.com; Shan Shan Outlets; and others segments. The company offers womenswear, menswear, sportswear, shoes and bags, accessories, skincare and cosmetics, and supermarket products.
VIPS' forward EV/Sales and EV/EBITDA multiples of 0.34 and 3.53 are 71.5% and 62.5% lower than the industry averages of 1.19x and 9.43x, respectively. Likewise, its forward non-GAAP P/E ratio of 6.49 is 58.2% lower than the industry average of 15.53x.
During the fiscal fourth quarter, which ended December 31, 2023, VIPS' total net revenues increased 9.2% year-over-year to RMB34.67 billion ($4.79 million). Its non-GAAP income from operations rose 42.4% from the prior-year quarter to RMB3.95 billion ($547.09 million).
The company's non-GAAP attributable net income came in at RMB3.19 billion ($442.65 million) and RMB28.97 per share, representing year-over-year increases of 43.4% and 58.6%, respectively. Also, its free cash inflow stood at RMB7.35 billion ($1.02 billion), up 18.9% year-over-year.
Street expects VIPS' EPS for the second quarter (ending June 2024) to increase 2.3% year-over-year to $0.60. Its revenue for the current quarter is expected to grow 6.1% from the year-ago value to $4.06 billion. Moreover, the company has topped the EPS estimates in all of the trailing four quarters, which is excellent.
VIPS' net income and EBITDA have increased at CAGRs of 11.2% and 15.3%, respectively, over the past three years, while its EPS has grown at a 19% CAGR.
In addition, the stock's trailing-12-month net income margin and ROCE of 7.19% and 23.29% are 52.2% and 105.1% higher than the industry averages of 4.73% and 11.35%, respectively. Likewise, its ROTA of 11.22% compares with the industry average of 4.32%.
VIPS' shares have gained 8.6% over the past year to close the last trading session at $16.17.
It is no surprise that VIPS has an overall rating of A, equating to a Strong Buy in our proprietary rating system. It has an A grade for Value and a B for Momentum, Sentiment, and Quality. In the same industry, it is ranked #2.
In addition to the POWR Ratings stated above, we have also given VIPS grades for Growth and Stability. Get all VIPS ratings <a href="https://stocknews.com/stock/VIPS/">here</a>.
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NTES shares were trading at $96.74 per share on Tuesday afternoon, down $5.12 (-5.03%). Year-to-date, NTES has gained 4.88%, versus a 9.13% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/ntes-vips-finv-3-china-stocks-ready-to-shine-beyond-2024/>3 China Stocks Ready to Shine Beyond 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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