Latest news for  (OTC:RCROS) Stock

Telsey Advisory Group analyst Joseph Feldman maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Outperform and lowers the price target from $305 to $300.

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Price Target

Analyst Ratings

TSCO

Telsey Advisory Group Maintains Outperform on Tractor Supply, Lowers Price Target to $300

Needham analyst Mayank Tandon maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Buy and raises the price target from $56 to $67.

TREE

Needham Maintains Buy on LendingTree, Raises Price Target to $67

The Company repurchased over 2.12 million ordinary shares with a total value of USD15.8 million for the past week. Over the past four months since March 27, 2024, the Company has repurchased approximately 5 million ordinary shares with a total value of USD44.0 million. 
BOSS Zhipin is the largest online recruitment platform in China. Founded in 2014, BOSS Zhipin is a pioneer in introducing a next-generation Direct Recruitment Model, which is transforming China&#39;s online recruitment industry. The mobile-native product promotes instant direct communication between recruiters and job seekers and delivers accurate matching results through its proprietary recommendation algorithms powered by big data insights.
Benefiting from the unique business model and strong technology capability, BOSS Zhipin continuously delivered solid performance. On May 21, 2024, the Company announced its unaudited financial results for the quarter ended March 31, 2024. Revenues reached RMB1,703.8 million in the&nbsp;first quarter&nbsp;of 2024, an increase of&nbsp;33%&nbsp;from RMB1,277.5 million for the same quarter of 2023. Adjusted net income remained healthy, totaled RMB530.7 million, an increase of&nbsp;117%&nbsp;from RMB 245.0 million for the same quarter of 2023.

KANZHUN Says It Repurchased Ordinary Shares Continuously Over Past Week, Total Of $44M Of Shares Bought Back Under Current Repurchase Program

AllianceBernstein Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AB#NYSE">AB</a>) reported quarterly earnings of $0.71 per share which beat the analyst consensus estimate of $0.67 by 5.97 percent. This is a 16.39 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $1.027 billion which beat the analyst consensus estimate of $804.613 million by 27.64 percent. This is a 1.88 percent increase over sales of $1.008 billion the same period last year.

Earnings

Earnings Beats

AllianceBernstein Holding Q2 2024 Adj EPS $0.71 Beats $0.67 Estimate, Sales $1.027B Beat $804.613M Estimate

On Thursday, July 25th, U.S. stock markets closed mixed, with the S&amp;P 500 and Nasdaq Composite falling, unable to recover from Wednesday&#8217;s tech sell-off as investors evaluated megacap stocks&#8217; outlook, while the Dow Jones Industrial Average rose, buoyed by stronger-than-expected U.S. GDP data.
The U.S. initial jobless claims fell by 10,000 to 235,000 for the week ending July 20, beating estimates of 238,000. The economy grew by 2.8% in Q2, up from 1.4% in the previous quarter, exceeding expectations of 2%.
The S&amp;P 500&#8217;s sectors closed mostly negative, with information technology, communication services, and utilities leading the losses. However, energy and industrial stocks rose.
The Dow Jones Industrial Average was up 0.20% and closed at 39,935.07. The S&amp;P 500 declined 0.51%, ending the day at 5,399.22, and the Nasdaq Composite fell 0.93%, finishing the session at 17,181.72.
Asian Markets Today
<ul>
<li>On Friday, Japan's Nikkei 225 closed lower by 0.64%, ending the session at 37,654.00, led by losses in the Shipbuilding, Communication, and Electrical/Machinery sectors.</li>
<li>Australia's S&amp;P/ASX 200 rose 0.76%, ending the day at 7,921.30, led by gains in the Metals &amp; Mining, Materials and Resources sectors.</li>
<li>India's Nifty 50 rose 1.85% to 24,855.55, and the Nifty 500 was up 1.67%, closing at 23,299.85.</li>
<li>China&#8217;s Shanghai Composite was up 0.14%, ending the session at 2,890.90, and the Shenzhen CSI gained 0.29%, closing at 3,409.29.</li>
<li>Hong Kong&#8217;s Hang Seng ended the session higher by 0.10% at 17,021.31.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index gained 0.79%.</li>
<li>Germany's DAX rose 0.21%.</li>
<li>France's CAC was up 0.87%.</li>
<li>U.K.'s FTSE 100 traded higher by 0.68%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.54% at $77.88/bbl, and Brent was down 0.49% at $81.96 bbl.</li>
<li>Oil prices were nearly unchanged on Friday but headed for a third weekly decline due to weak Chinese demand and expectations of a Gaza ceasefire.</li>
<li>Natural Gas declined 0.14% to $2.069.</li>
<li>Gold was trading higher by 0.79% at $2,372.10, Silver fell 0.14% to $27.933, and Copper rose 0.18% to $4.1333.</li>
</ul>
US Futures at 06:00 AM ET
Dow futures were up 0.49%, S&amp;P 500 futures gained 0.76%, and Nasdaq 100 Futures rose 1.07%.
Forex at 06:00 AM ET
The U.S. Dollar Index declined 0.02% to 104.34, USD/JPY was up 0.21% at 154.26, and USD/AUD slid 0.31% to 1.5249.
Photo by Pavel Bobrovskiy via Shutterstock

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Asia Ex-Japana And European Markets Advance; Gold Gains - Global Markets Today While US Slept

Elon Musk has been vocal about using posts on his social media platform, X, formerly Twitter, for training xAI&#8217;s Grok chatbot. However, if you don&#8217;t want the billionaire&#8217;s AI startup to use your content, there are some quick steps you can follow.
What Happened: On Friday, several users on X noted that the platform has activated a setting by default that users their posts and other content for being used to train Grok.
The AI chatbot is not directly owned by X but is a part of xAI, a separate venture by&nbsp;Musk. Users who wish to disable this feature must go to&nbsp;the privacy settings and locate&nbsp;the Grok section. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/07/39904665/apple-plans-a18-chip-integration-to-bring-ai-features-to-iphone-16-its-entry-level-variants-and-ipad?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Plans A18 Chip Integration To Bring AI Features To iPhone 16, Its Entry-Level Variants And iPads: Report</a>
Here are the steps you need to follow:
Step I: Go to&nbsp;Privacy &amp; Safety.
Step II: Choose&nbsp;Data sharing and personalization.
Step III: Scroll down and select Grok. Then go to Data Sharing.
Step IV: Now toggle off the option &#8220;Allow your posts as well as your interactions, inputs, and results with Grok to be used for training and fine-tuning.&#8221;
This option is currently not available on mobile devices. Moreover, users also have the option to erase their&nbsp;conversation history with the AI.&nbsp;
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/26050938/Screenshot-2024-07-26-at-2.39.30%E2%80%AFPM-1024x623.png" alt="" class="wp-image-458812" style="width:920px;height:auto" /><figcaption class="wp-element-caption">Credit: X, formerly Twitter</figcaption></figure>
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:&nbsp;Earlier this week, Musk announced that Grok 2 <a href="https://www.benzinga.com/news/24/07/39897590/elon-musk-says-grok-3-should-be-the-most-powerful-ai-upon-its-release-gives-timeline-for-xai-models">had completed training</a> and was in the bug-fixing stage, with an official release planned for the following month. 
He compared Grok 2's capabilities with OpenAI's latest model, stating it should be on par or close to GPT-4. The tech mogul also said that Grok 3 is <a href="https://www.benzinga.com/news/24/07/39897590/elon-musk-says-grok-3-should-be-the-most-powerful-ai-upon-its-release-gives-timeline-for-xai-models">currently being trained</a> at the Memphis Data Center and is anticipated to be released by December.
On Wednesday, the Tesla CEO also revealed that Grok&#8217;s profile analysis feature, presently available only to X Premium desktop users, would soon be extended to iOS and Android platforms.
This week, <a href="https://www.benzinga.com/news/24/07/39922283/elon-musk-is-polling-x-and-asking-if-tesla-should-invest-5b-in-grok-parent-xai-this-is-just-to-test">Musk also conducted a poll</a> asking X users about&nbsp;a potential $5 billion investment in xAI by Tesla. About 67.9% of 958,086 voters approved the idea by the following day. The tech billionaire indicated that he plans to discuss the significant investment with his <a href="https://www.benzinga.com/top-stories/24/07/39971806/musk-to-discuss-investing-5b-in-xai-after-seeing-poll-results">seven fellow Tesla board members</a>.
Check out more of Benzinga'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:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39926076/mark-zuckerberg-slams-tim-cooks-apple-after-cupertino-reportedly-rejected-its-iphone-ai-partnership?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Zuckerberg Slams Tim Cook&#8217;s Apple After Cupertino Reportedly Rejected Its iPhone AI Partnership Proposal: ‘They Wanted To Put Us In A Box…&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Social Media

Tech

Elon Musk's X Shares Your Posts On His Social Media Platform With Grok For Training: Here's How You Can Disable It

Needham analyst Ryan MacDonald reiterates Coursera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COUR#NYSE">COUR</a>) with a Buy and maintains $15 price target.

Reiteration

COUR

Needham Reiterates Buy on Coursera, Maintains $15 Price Target

Telsey Advisory Group analyst Cristina Fernandez maintains Hibbett Inc Com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) with a Market Perform and maintains $87.5 price target.

HIBB

Telsey Advisory Group Maintains Market Perform on Hibbett Inc Com, Maintains $87.5 Price Target

Evercore ISI Group analyst Steve Sakwa upgrades CBRE Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBRE#NYSE">CBRE</a>) from In-Line to Outperform and raises the price target from $100 to $123.

Upgrades

CBRE

Evercore ISI Group Upgrades CBRE Group to Outperform, Raises Price Target to $123

DA Davidson analyst Linda Bolton Weiser maintains Hasbro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) with a Neutral and maintains $59 price target.

DA Davidson Maintains Neutral on Hasbro, Maintains $59 Price Target

Needham analyst Joseph Stringer reiterates Phathom Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) with a Buy and maintains $26 price target.

PHAT

Needham Reiterates Buy on Phathom Pharmaceuticals, Maintains $26 Price Target

2024 Earnings&nbsp;Guidance
PGE is reaffirming its estimate for full-year 2024 adjusted earnings&nbsp;guidance&nbsp;of&nbsp;$2.98&nbsp;to&nbsp;$3.18&nbsp;per diluted share based on the following assumptions:
<ul>
<li>Exclusion of the impacts of the&nbsp;January 2024&nbsp;winter storm, including non-deferrable Reliability Contingency Event (RCE) costs and non-deferred incremental storm restoration costs;</li>
<li>An increase in energy deliveries of&nbsp;2%&nbsp;to&nbsp;3%, weather adjusted;</li>
<li>Normal temperatures in its utility service territory;</li>
<li>Hydro conditions for the year that reflect current estimates;</li>
<li>Wind generation based on five years of historical levels or forecast studies when historical data is not available;</li>
<li>Normal thermal plant operations;</li>
<li>Operating and maintenance expense between&nbsp;$800 million&nbsp;and&nbsp;$825 million&nbsp;which includes approximately&nbsp;$150 million&nbsp;of wildfire, vegetation management, deferral amortization and other expenses that are offset in other income statement lines;</li>
<li>Depreciation and amortization expense between&nbsp;$475 million&nbsp;and&nbsp;$525 million;</li>
<li>Effective tax rate of&nbsp;10%&nbsp;to&nbsp;15%;</li>
<li>Cash from operations of&nbsp;$700&nbsp;to&nbsp;$800 million;</li>
<li>Capital expenditures of&nbsp;$1,340&nbsp;million; and</li>
<li>Average construction work in progress balance of&nbsp;$740 million.</li>
</ul>

Guidance

Portland General Electric Reaffirms 2024 Guidance: Projects Adjusted EPS Of $2.98-$3.18 Vs. $3.06 Consensus, And Cash From Operations Of $700M-$800M

B of A Securities analyst Rafe Jadrosich upgrades Mohawk Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>) from Underperform to Buy and raises the price target from $120 to $177.

B of A Securities Upgrades Mohawk Industries to Buy, Raises Price Target to $177

Needham analyst Scott Berg maintains SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) with a Buy and raises the price target from $205 to $230.

SPSC

Needham Maintains Buy on SPS Commerce, Raises Price Target to $230

KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) managed investment funds inked a deal to acquire Instructure Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INST#NYSE">INST</a>) for $23.60 per share in a $4.8 billion all-cash deal.
The purchase price of $23.60 per share is a 16% premium over Instructure&#8217;s unaffected share price of $20.27 on May 17, 2024, the last trading day before news of the potential transaction, <a href="https://www.benzinga.com/pressreleases/24/07/n39957498/instructure-to-be-acquired-by-kkr-for-4-8-billion">per a statement released yesterday.</a>
Instructure provides learning management and education-tech solutions that supports 200 million learners in over 100 countries. With over 1,000 partners, it aims to reach $1 billion in revenue by 2028.
Webster Chua, Partner at KKR, said, &#8220;Instructure has evolved into an expansive platform focused on delivering strong student outcomes under Thoma Bravo&#8217;s stewardship. We look forward to working with Steve and the Instructure management team to accelerate growth and continue scaling its global portfolio of products.&#8221;
KKR, with participation from Dragoneer Investment Group, will acquire all outstanding shares, including those shares owned by Instructure&#8217;s existing majority owner, Thoma Bravo, which took the company public in 2021.
Brian Jaffee, a Partner at Thoma Bravo, said, &#8220;Since our initial investment four and a half years ago, it&#8217;s been an incredible journey supporting such an important company in the global education technology market. Instructure has evolved into a true platform technology provider and we look forward to watching the KKR team build on the company&#8217;s impressive foundation in the years to come.&#8221;
The Instructure Board of Directors has unanimously approved the transaction, which is expected to close later this year, pending customary conditions and regulatory approvals.
The deal also requires written consent from stockholders holding a majority of Instructure&#8217;s voting securities; no further stockholder action will be needed once this consent is delivered.
After the transaction, Instructure&#8217;s common stock will be delisted from the New York Stock Exchange, and the company will become privately held while remaining headquartered in Salt Lake City.
As of the first quarter, KKR&#8217;s cash and Investments totaled $14.6 <a target="_blank" href="https://ir.kkr.com/app/uploads/2024/05/KKR-Q124-Earnings-Release.pdf" rel="noreferrer noopener">billion</a>.
Yesterday, the company disclosed that its investment funds acquired Marmic Fire &amp; Safety, a top provider of fire equipment inspection, testing, and maintenance services,<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39943465/kkr-acquires-marmic-fire-safety" rel="noreferrer noopener"> from HGGC for an undisclosed amount</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/39939133" rel="noreferrer noopener">T-Mobile Dials Up A Major Broadband Expansion: Teams With KKR To Acquire Metronet</a>
KKR stock has gained around&nbsp;92%&nbsp;in the last 12 months. Investors can gain exposure to the stock via&nbsp;FM Focus Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMCX#NYSE">FMCX</a>) and&nbsp;EA Series&nbsp;Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>).
KKR will release its second-quarter 2024 financial <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">results on July 31, 2024</a>.
Price Action: KKR shares closed higher by 0.85% at $116.71 on Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock/ MD Duran

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INST

TMUS

KKR Bets Big On Education With Instructure Purchase For $4.8B

The return of two astronauts aboard Boeing&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) <a href="https://www.benzinga.com/news/24/06/39451119/boeing-delays-starliners-return-to-earth-again-astronauts-stuck-at-international-space-station-as-na">Starliner spacecraft </a>remains uncertain 50 days past launch due to ongoing technical issues.
What Happened: &#8220;We don&#8217;t have a major announcement today relative to a return date. We are making great progress but we are just not quite ready to do that,&#8221; NASA's Commercial Crew Program manager Steve Stich said on Wednesday. 
Astronauts Sunita Williams and Butch Wilmore have been at the&nbsp;International Space Station since early June. They were initially estimated to return on June 14 but the return dates have been delayed time and again owing to issues of helium system leaks and thruster performance identified with the Starliner spacecraft while docking with ISS. 
NASA is currently trying to study the risks associated with these issues before returning the astronauts. 
&#8220;The beauty of having Dragon and Starliner and two different diverse space transportation systems is we can kind of use those as backups. Someday, Starliner could be a backup to a dragon mission&#8230;,&#8221; Stich said, hinting at a possibility of returning the astronauts with the help of SpaceX&#8216;s Dragon spacecraft in case the Starliner can&#8217;t. 
The focus, however, is returning the <a href="https://www.benzinga.com/news/24/07/39740315/boeing-astronauts-stuck-in-space-speak-out-absolutely-confident-will-return-home">two astronauts on Starliner</a>, he added, while refusing to provide a timeline for the return. 
Why It Matters: Boeing&#8217;s Starliner spacecraft has been marred by <a href="https://www.benzinga.com/markets/equities/24/05/38659763/boeings-starliner-crewed-test-flight-postponed-due-to-technical-issue-continuing-challenges-in-s" target="_blank" rel="noreferrer noopener">several delays</a> since the start. The spacecraft was supposed to have its first uncrewed test flight in 2015 which was delayed up to 2019. The spacecraft then failed to achieve its intended orbit. In 2022, the spacecraft completed its first successful uncrewed flight to the International Space Station.
If the ongoing crewed flight test is successful, Boeing will become the next private company to shuttle astronauts to and from the ISS for NASA, like&nbsp;Elon Musk‘s SpaceX.
NASA awarded both Boeing and SpaceX contracts to enable transportation to and from the ISS after retiring its space shuttle.&nbsp;SpaceX sent its first crewed mission to the ISS in 2020 on its Dragon spacecraft and has since then undertaken multiple missions,&nbsp;<a href="https://www.benzinga.com/news/24/05/38664485/spacex-ceo-elon-musk-blames-boeings-starliner-delay-on-too-many-non-technical-managers" target="_blank" rel="noreferrer noopener">overtaking its traditional rival</a>.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39977028/elon-musks-spacex-to-resume-launch-operations-two-weeks-after-mishap-involving-20-starlink-satellite">Elon Musk&#8217;s SpaceX To Resume Launch Operations Two Weeks After Mishap Involving 20 Starlink Satellites</a></li>
</ul>
Photos courtesy: Shutterstock and NASA

SPACE

Return Of Astronauts Aboard Boeing's Starliner Uncertain Even After 50 Days Of Launch: NASA Hints At Possibility Of Using SpaceX's Dragon Spacecraft To Bring Them Back

Carter's Sees Q3 Sales Of $735M - $755M Vs. $805.92M Est; Adj EPS Of $1.10 - $1.35 Vs. $1.88 Est.

Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) reported quarterly earnings of $0.69 per share which beat the analyst consensus estimate of $0.61 by 13.11 percent. This is a 76.92 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $758.000 million which beat the analyst consensus estimate of $715.055 million by 6.01 percent. This is a 16.98 percent increase over sales of $648.000 million the same period last year.

Portland Gen Electric Q2 2024 GAAP EPS $0.69 Beats $0.61 Estimate, Sales $758.000M Beat $715.055M Estimate

Needham analyst James Ricchiuti maintains Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) with a Buy and raises the price target from $114 to $144.

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