Innovator ETFs Trust Innovator Premium Income 30 Barrier ETF - April (BATS: APRJ)

Latest news for Innovator ETFs Trust Innovator Premium Income 30 Barrier ETF - April (BATS:APRJ)

The Fund seeks to provide investors, over the period from April 1, 2024 to March 31, 2025, with an investment that provides a high level of income through a Defined Distribution Rate of 6.49 percent (prior to taking into account management fees and other fees) and that is not subject to any losses experienced by the U.S. Equity Index that are at or below a 30 percent Barrier and is subject to initial losses experienced by the U.S. Equity Index beginning at the 30 percent Barrier and to the full extent of U.S. Equity Index losses on a one-to-one basis beginning at 31 percent.

Innovator Premium Income 30 Barrier ETF - April

Innovator ETFs Trust Innovator Premium Income 30 Barrier ETF - April

Wolfe Research analyst Shweta Khajuria initiates coverage on Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) with a Outperform rating and announces Price Target of $90.

News

Price Target

Initiation

Analyst Ratings

UBER

Wolfe Research Initiates Coverage On Uber Technologies with Outperform Rating, Announces Price Target of $90

General

Janus International Launches Two New Roll-Up NS Series Self-Storage Door Solutions

Jiyue, the electric vehicle (EV) manufacturer formed by Baidu, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) in collaboration with Geely Holding Group, is set to introduce its latest model, the <a target="_blank" href="https://www.benzinga.com/electric-vehicles" rel="noreferrer noopener">Jiyue 07 electric sedan, in September.</a>
The Jiyue 07, which follows the Jiyue 01 SUV as the second model under the Jiyue brand, is already on display at certain Jiyue showrooms, <a target="_blank" href="https://cnevpost.com/2024/07/16/jiyue-to-launch-jiyue-07-sept/" rel="noreferrer noopener">reported</a> CnEV Post.
The dimensions of the Jiyue 07 exceed those of Tesla&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Model 3.
The Model 3 measures 4,724 mm in length, 1,848 mm in width, and 1,430 mm in height, with a wheelbase of 2,875 mm. Comparatively, the Jiyue 07 measures 4,953 mm in length, 1,989 mm in width, and 1,475 mm in height, with a wheelbase of 3,013 mm.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39749573/nio-advances-vehicle-safety-with-ai-enhanced-automatic-emergency-braking-and-navigation-features" rel="noreferrer noopener">NIO Advances Vehicle Safety With AI-Enhanced Automatic Emergency Braking And Navigation Features In Latest Update</a>
According to a regulatory filing on May 11, the Jiyue 07 will be manufactured at Geely&#8217;s plant in Ningbo, Zhejiang province. It will be available in both single-motor and dual-motor configurations.
The single-motor version features an electric motor capable of delivering up to 200 kW of power, while the dual-motor version includes an additional front motor also capable of 200 kW, both supplied by Geely Auto&#8217;s affiliate Viridi E-mobility Technology.
The Jiyue 07 offers two choices of battery packs: 71.4 kWh and 100 kWh, sourced from suppliers such as CATL and Svolt Energy. It boasts a range of up to 880 kilometers on a single charge, with intermediate options of 660 kilometers and 770 kilometers, the report highlighted.
Originally named Jidu, the brand underwent a renaming to Jiyue after Geely and Baidu formed the joint venture in March 2021. Initially, Baidu held a 55% stake while Geely owned 45%. On August 15, 2023, Geely announced the rebranding to Jiyue, replacing Jidu, potentially due to regulatory considerations.
Jiyue unveiled the Jiyue 07 sedan for the first time at the Beijing Auto Show in late April 2024.
Price Action: BIDU shares are trading lower by 0.32% to $92.85 premarket at last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by testing on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39755144/airbus-launches-lead-initiative-reportedly-aims-to-strengthen-aircraft-manufacturing-ahead-of-bo" target="_blank" rel="noreferrer noopener">Airbus Launches &#8216;LEAD!&#8217; Initiative, Reportedly Aims To Strengthen Aircraft Manufacturing Ahead Of Boeing&#8217;s Recovery</a></li>
</ul>

Equities

Markets

Media

BIDU

TSLA

Baidu-Backed Jiyue To Launch Jiyue 07 Electric Sedan In September; Larger Than Tesla Model 3: Report

Wolfe Research analyst Shweta Khajuria assumes Roblox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) with a Peer Perform rating.

RBLX

Wolfe Research Assumes Roblox at Peer Perform

Earnings

PNC Financial Services Q2 Net Interest Income Decreases To $3.302B Compared With $3.510B YoY; Q2 Noninterest Income Totals $2.109B Higher Than $1.783B YoY

Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is scheduled to release its financial results for the second quarter, before the <a href="https://www.benzinga.com/quote/MS/earnings">opening bell on Tuesday, July 16.</a>
Analysts expect the New York-based company to report quarterly earnings at $1.65 per share, up from $1.24 per share in the year-ago period. Morgan Stanley expects to post revenue of $14.3 billion. It posted $13.08 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Morgan Stanley is set to launch an AI-powered assistant to enhance the workflow of its financial advisors. The AI assistant, named Debrief, will automate the note-taking process during client meetings, creating draft emails and summaries of the discussions, CNBC reported recently.
Morgan Stanley shares gained 1.1% to close at $105.26 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MS/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Oppenheimer analyst Chris Kotowski maintained an Outperform rating and raised the price target from $101 to $105 on April 30. This analyst has an accuracy rate of 84%.</li>
<li>BMO Capital analyst James Fotheringham maintained an Outperform rating and boosted the price target from $115 to $118 on April 18. This analyst has an accuracy rate of 73%.</li>
<li>B of A Securities analyst Michael Carrier maintained a Buy rating and increased the price target from $100 to $106 on April 17. This analyst has an accuracy rate of 80%.</li>
<li>Keefe, Bruyette &amp; Woods analyst David Konrad maintained a Market Perform rating and raised the price target from $94 to $98 on April 17. This analyst has an accuracy rate of 75%.</li>
<li>CFRA analyst Kenneth Leon maintained a Buy rating and increased the price target from $97 to $108 on April 16. This analyst has an accuracy rate of 77%.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39770776/over-18m-bet-on-this-tech-stock-check-out-these-4-stocks-insiders-are-buying">Over $18M Bet On This Tech Stock? Check Out These 4 Stocks Insiders Are Buying</a></li>
</ul>

Pre-Market Outlook

Trading Ideas

Morgan Stanley Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings Beats

CORRECTION: Bank of America Q2 2024 GAAP EPS $0.83 Beats $0.80 Estimate, Sales $25.537B Beat $25.220B Estimate

Dividends

Bank of America Announced Plans For An 8% Increase In Quarterly Common Stock Dividend, To $0.26 Per Share, Pending Board Approval

Bank of America Q2 Consumer Banking Revenue $10.2B, Down 3%; Sales And Trading Revenue Up 9%, Total Investment Banking Fees Up 29%

Guidance

Health Care

ANGO

AngioDynamics Forecasts Fiscal Year 2025 Adjusted EPS Of $(0.38)-$(0.42), Compared To Fiscal 2024 Pro Forma Adjusted EPS Of $(0.45) Versus Consensus Of $(0.49)

CORRECTION: Bank of America Q2 Provision For Credit Losses $1.5B, Up From $1.1B YoY; Avg. Deposit Balances $1.91T, Up 2% (Corrects Quarter)

<ul>
<li>Med Tech net sales are expected to grow in the range of 10% to 12%</li>
<li>Med Device net sales are expected to grow in the range of 1% to 3%</li>
<li>Gross margin to be approximately 52% to 53%</li>
<li>Adjusted EBITDA loss of $2.5 million to $0, compared to a pro forma adjusted EBITDA loss of $3.2 million in fiscal 2024</li>
</ul>

AngioDynamics Forecasts Fiscal Year 2025 Sales Of $282M-$288M, Representing Growth Of 4.2% – 6.4% Over Fiscal 2024 Pro Forma Revenue Of $270.7M Versus Consensus Of $287.68M

WIIM

Bank Of America shares are trading higher following better-than-expected Q2 financial results.

Wolfe Research analyst Shweta Khajuria initiates coverage on Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform rating and announces Price Target of $80.

SHOP

Wolfe Research Initiates Coverage On Shopify with Outperform Rating, Announces Price Target of $80

SILO

Silo Pharma shares are trading higher after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer's drug.

Wolfe Research analyst Shweta Khajuria initiates coverage on PubMatic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PUBM#NASDAQ">PUBM</a>) with a Outperform rating and announces Price Target of $25.

PUBM

Wolfe Research Initiates Coverage On PubMatic with Outperform Rating, Announces Price Target of $25

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) reportedly plans to drill up to 30 wells for its seventh oil project in Guyana, named Hammerhead.
Pending government approval, the project is set to begin production in 2029, boosting Guyana&#8217;s capacity to over 1.4 million barrels of oil per day, reported Reuters.
Exxon plans for the vessel to store 1.4 to 2 million barrels of oil. The floating production unit, a converted VLCC, will be located 15 km (9 miles) southwest of Liza Destiny, Exxon&#8217;s first platform in Guyana.
As per the report, Exxon anticipates Hammerhead will produce 120,000-180,000 barrels of crude daily, less than the 250,000 barrels per day from its largest vessels in Guyana.
Last month, as per government data, Guyana&#8217;s lucrative agreement with an Exxon Mobil-led consortium in the South American country generated <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39479711/exxon-mobil-rakes-in-billions-from-guyana-oil-deal-net-margin-tops-chip-giant-report" rel="noreferrer noopener">$6.33 billion for the partners</a>.
In particular, as per Guyana government filings, Exxon reported a net profit of $2.9 billion, its partner Hess Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) earned $1.88 billion, and CNOOC gained $1.52 billion from the Stabroek joint venture.
Notably, in April, Exxon and Hess made a final investment decision for the Whiptail development offshore Guyana worth $12.7 billion following receiving the required&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38221117/guyanas-oil-spigot-wide-open-exxon-hess-sanction-massive-12-7b-oil-project" rel="noreferrer noopener">government and regulatory approvals</a>.&nbsp;
Investors can gain exposure to the XOM via&nbsp;Energy&nbsp;Select&nbsp;Sector&nbsp;SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and IShares U.S.&nbsp;Energy&nbsp;ETF&nbsp;(ARCA: IYE).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39670123/exxon-mobils-stock-slides-oil-up-gas-down-makes-for-mixed-q2-earnings-outlook" rel="noreferrer noopener">Exxon Mobil&#8217;s Stock Slides: Oil Up, Gas Down Makes For Mixed Q2 Earnings Outlook</a>
Price Action: XOM shares are down 0.06% at $115.14 premarket at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Del Henderson Jr. via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39746845/exxon-mobil-arbitration-throws-wrench-in-chevron-hess-merger-timeline-report" target="_blank" rel="noreferrer noopener">Exxon Mobil Arbitration Throws Wrench in Chevron-Hess Merger Timeline: Report</a></li>
</ul>

Large Cap

Exxon To Drill Up To 30 Wells In Guyana's Hammerhead Project, Boosting Daily Output: Report

PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) reported quarterly earnings of $3.39 per share which missed the analyst consensus estimate of $4.41 by 23.13 percent. The company reported quarterly sales of $5.411 billion which missed the analyst consensus estimate of $5.412 billion by 0.02 percent. This is a 2.23 percent increase over sales of $5.293 billion the same period last year.

Earnings Misses

PNC Finl Servs Gr Q2 2024 GAAP EPS $3.39 Misses $4.41 Estimate, Sales $5.411B Miss $5.412B Estimate

Wolfe Research analyst Shweta Khajuria initiates coverage on Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) with a Peer Perform rating.

PINS

Wolfe Research Initiates Coverage On Pinterest with Peer Perform Rating

Former Ford Motor Co. CEO Mark Fields expressed doubts about General Motors Corp.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) ability to achieve mass adoption of its electric vehicles (EVs).
What Happened: Fields, in a comment on GM&#8217;s EV push, stated during CNBC&#8217;s &#8220;Last Call&#8221; on Tuesday, "Getting early adopters is one thing. Getting mass adoption is much harder." 
The comment appeared after GM announced a delay in its EV production target of one million units beyond 2025. Fields called this move a &#8220;huge pivot&#8221; for the company which had planned to stop producing gas cars completely from 2035 and produce 2 million EVs annually by 2026.
"They're the most exposed and they're also the latest to hybrids, their hybrids aren't going to be in the marketplace for another couple of years,&#8221; Fields added. 
<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">"Getting early adopters is one thing. Getting mass adoption is much harder," says Mark Fields on GM&#39;s EV push. "They're the most exposed and they're also the latest to hybrids, their hybrids aren't going to be in the marketplace for another couple years."$GM <a href="https://t.co/T546sKh34W">pic.twitter.com/T546sKh34W</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1813001390039425150?ref_src=twsrc%5Etfw">July 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39743338/s-p-500-to-plunge-more-than-20-near-term-top-economist-breaks-down-broader-market-vs-small-cap-d?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">S&amp;P 500 To Plunge More Than 20% Near Term? Top Economist Breaks Down Broader Market Vs. Small-Cap Divergence After June CPI Report</a>
Why It Matters: GM recently announced a delay in its EV production target of one million units beyond 2025. CEO Mary Barra attributed this to the <a href="https://www.benzinga.com/markets/equities/24/07/39786382/gm-delays-1m-ev-production-target-beyond-2025-market-isnt-developing-were-going-to-be-guided-by-">market&#8217;s slower development</a>, stating, "We will not get to a million just because the market is not developing."
Despite the delay, Barra reiterated the company&#8217;s commitment to an all-electric future, emphasizing the importance of the vehicle as a software platform.
GM&#8217;s EV strategy has <a href="https://www.benzinga.com/markets/equities/24/07/39727305/biden-administration-injects-1-7b-into-ev-manufacturing-facilities-of-general-motors-stellantis-">received significant support</a> from the Biden administration, which recently granted nearly $1.1 billion to GM and Chrysler-parent Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) to transform their facilities into EV manufacturing hubs. This initiative aims to enable these facilities to produce 1 million EVs annually.
Price Action: On Tuesday, at the time of writing, GM was trading 0.26% higher at $49.43 after closing at $49.30 on Monday, according to <a href="https://pro.benzinga.com">Benzinga Pro.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39761977/trumps-crypto-portfolio-takes-a-hit-robert-kiyosaki-bats-for-bitcoin-and-more-top-crypto-u?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Portfolio Takes A Hit, Robert Kiyosaki Bats For Bitcoin And More: Top Crypto Updates This Week</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>