Happy Monday, Zingernation! When you hear “Sweet 16” what comes to mind first? Blowing out your candles? Getting your first pony? Xavier’s Sweet 16 upset against 2-seed Arizona in the 2017 March Madness tournament? Failing your driving test? (Plenty of people struggle with parallel parking okay?)

Well, one analyst believes Apple will be in for a “Sweet 16” with its upcoming iPhone 16 launch next fall. A Bernstein analyst and longtime Apple fence-sitter turned full-on bull today, saying the tech giant’s recent struggles are more cyclical than structural and that it should be able to count on strong iPhone sales once the new model is released.

–Aaron Bry and Nic Chahine

Today’s Price Action:

$SPY: +.35%
$QQQ: +.41%
$DIA: +.39%

Plus, ever heard of “one ticker payouts”? Today’s partner has all the details. Watch this video before you start trading. 

And, did someone forward you this email? Click here to subscribe to this Benzinga newsletter and more.

TODAY’S MOST VOLATILE STOCKS

TODAY’S TOP STORY

Tesla's Robotaxi Plans: Potential Threat Or Future Uber Partner?

Briefly: BofA analyst Justin Post reiterated a Buy rating on Uber with a price target of $91. Post remained constructive on Uber as his top travel and transportation stock, given bookings and EBTIDA growth well above peers.

The Numbers: Data points for first-quarter Mobility spending suggest accelerating trends, while Restaurant spending may have decelerated, though Uber’s other verticals should drive above-industry trends.

The Expectations: Post expects results in line with his estimates for core bookings to accelerate to 24% year-on year CC. Scaling New Vertical products like Hailables, Shared Rides (now a $1 billion+ run rate product), and Grocery should continue to fuel overall new vertical growth, which he estimates to reach $4.4 billion in the first quarter.

The Tesla Effect: $TSLA CEO Elon Musk recently reiterated that the company is focused on building a robotaxi capability for existing FSD vehicles, which could be viewed as a competitive threat to Uber. But Post also noted Tesla’s focus is not on competing with Uber but unlocking use cases (and economics) for Tesla customers who want better asset utilization from their vehicles.

Click here to read more.

PRESENTED BY TRADERS ALLIANCE

NVDA move: 243% in a... month?!

Dear Reader: Nvidia stock has been on fire this year… And while the regular gains have been spectacular...

Research shows that a new strategy that was just introduced by multimillionaire trading wizard Nate Bear could have produced BIGGER gains in one-seventh of the time!

He calls the strategy "One Ticker Payouts"... 

It involves one ticker… One trade… Every week.

And in June, NVDA could have produced three winners (out of four trades)...

And $1,000 in each of the four trades would've turned into $13,700! This 243% total gain (within a month) is more than NVDA has made all year!

But that's the power of One Ticker Payouts.

How is this possible?

Click here to see all the details and proof for yourself >>

This ad is sent on behalf of Monument Traders Alliance. 105 West Monument Street, Baltimore, MD 21201.

FIVE MOVERS

Meta Platforms shares moved lower today as investors turned to other magnificent seven stocks like Apple and Tesla instead.

Boeing stock climbed higher after the plane manufacturer announced plans to raise capital through a bond sale.

Tesla stock closed up around 15% in today’s session on news that the EV company is ready to roll out full-self driving in China.

Domino’s Pizza shares closed up more than 5% after reporting stronger-than-expected earnings results for Q1.

Rivian shares moved slightly higher after the company revealed its next-generation charging network.

ONE TRADE IDEA FOR TOMORROW

AMD Q1 Earnings Preview

Briefly: Leading semiconductor company Advanced Micro Devices will report first-quarter financial results after market close tomorrow.

So Basically: Analysts expect AMD to report first quarter revenue of $5.46 billion, according to data from Benzinga Pro.

Back Up: The company reported revenue of $5.35 billion in last year's first quarter. AMD has beaten revenue estimates from analysts in five straight quarters.

So Then: Analysts expect AMD to report earnings of $0.61 cents per share in the first quarter, one cent higher than last year's Q1 results. The company has beaten earnings per share estimates from analysts in four of the last five quarters, with one in-line quarter over the same time period.

So What? AMD is a top pick for 2024 by Rosenblatt analyst Hans Mosesmann. The analyst, who has a Buy rating and $250 price target, said the company is set up well for the first quarter, but warned “Any global economic slowdown […] can derail the semiconductor industry as a whole.”

Click here to read the full analyst breakdown.

PRESENTED BY TRADERS ALLIANCE

NVDA move: 243% in a... month?!

Dear Reader: Nvidia stock has been on fire this year… And while the regular gains have been spectacular...

Research shows that a new strategy that was just introduced by multimillionaire trading wizard Nate Bear could have produced BIGGER gains in one-seventh of the time!

He calls the strategy "One Ticker Payouts"... 

It involves one ticker… One trade… Every week.

And in June, NVDA could have produced three winners (out of four trades)...

And $1,000 in each of the four trades would've turned into $13,700! This 243% total gain (within a month) is more than NVDA has made all year!

But that's the power of One Ticker Payouts.

How is this possible?

Click here to see all the details and proof for yourself >>

This ad is sent on behalf of Monument Traders Alliance. 105 West Monument Street, Baltimore, MD 21201.