Group 1 - Gemini, Google's AI chatbot, had 350 million monthly active users globally as of March, showing significant growth from 9 million daily active users in October 2024 to 35 million daily active users recently [1] - Despite its growth, Gemini still trails behind leading AI tools like ChatGPT, which had approximately 600 million monthly active users in March, and Meta AI, which was nearing 500 million monthly users [2] - The widespread adoption of Gemini can be attributed to its integration with various platforms, including Samsung phones, Google Workspace applications, and Chrome, enhancing its visibility and user engagement [3]

Core Viewpoint - Essex Property Trust, Inc. is expected to report year-over-year growth in revenues and core funds from operations (FFO) per share for Q1 2025, with a consensus estimate of $458.76 million in revenues, reflecting a 7.45% increase [1][9]. Company Performance - In the last reported quarter, Essex Property delivered a surprise of 0.51% in core FFO per share, driven by growth in same-property revenues and net operating income [1][2]. - Over the trailing four quarters, Essex Property has consistently surpassed the Zacks Consensus Estimate, with an average surprise of 1.57% [2]. Market Conditions - The U.S. apartment market experienced strong demand in Q1 2025, with over 138,000 market-rate apartment units absorbed, marking the highest first-quarter demand on record [3]. - Occupancy rates rose to 95.2% in March 2025, the highest since October 2022, indicating a healthy rental market [5]. - Effective rents increased by 0.75% in March and 1.1% year-over-year, with the average effective rent at $1,848 [5]. Regional Insights - The Midwest and Rust Belt regions saw the highest annual rent gains, while high-supply Sun Belt metros like Austin and Phoenix faced rent cuts but showed signs of monthly rent growth in March [6]. Company Strategy - Essex Property is reallocating investments to newer communities in Northern California with less supply and higher rental growth, while disposing of non-core assets in Southern California [8]. - The company benefits from a strong presence on the West Coast, where tech-driven job creation supports rental demand [7]. Financial Projections - The consensus estimate for same-property revenues is $414.78 million, up from $409.82 million in the previous year [9]. - For Q1 2025, Essex Property projects core FFO per share between $3.86 and $3.98, with a midpoint of $3.92, indicating a year-over-year increase of 2.35% [11][12].

Tesla is defying gravity again.Tesla (TSLA 6.33%) stock has climbed 8% after reporting what can only be described as a terrible first quarter of 2025. The company's sales dropped, and it was profitable only because of regulatory credit sales. Travis Hoium digs into the results in this video.*Stock prices used were end-of-day prices of April 22, 2025. The video was published on April 23, 2025. ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

MercadoLibre's (MELI) valuation may be a concern for some investors. The stock is trading at a premium compared to the broader Zacks Internet – Commerce industry. As of the latest data, MELI's forward 12-month Price/Sales ratio hovers around 3.9, above the industry's 2.08, reflecting investors' high growth expectations. With MELI stock trading at a premium, investors may be wondering how to approach it. While the company faces short-term pressures, such as macroeconomic uncertainties and increased competiti ...

The S&P 500 Index, as tracked by SPDR S&P 500 ETF Trust NYSEARCA: SPY, and the Nasdaq-100 Index, as tracked by the Invesco QQQ NASDAQ: QQQ, have both triggered a widely-followed bearish chart pattern known as the Death Cross. Get SPDR S&P 500 ETF Trust alerts: A Death Cross occurs when a 50-day simple moving average (SMA) trendline crosses below the 200-day SMA trendline. What's Driving the Market Selling? This 2025 Death Cross doesn't exist in a vacuum. The primary reason for the market selloff has stemmed ...

Tesla (TSLA) reported dismal first-quarter 2025 results, missing estimates for earnings and revenues. However, shares of Tesla jumped more than 5% in after-market hours after CEO Elon Musk injected optimism by reaffirming the company’s goals for the launch of robotaxis and affordable vehicles. Musk’s promise to refocus on his business rekindled investor hopes.Tesla is down 39% since the start of the year. The beaten-down prices offer solid entry points for investors. Given the promising plans, investors sho ...

TAMPA, Fla., April 23, 2025 /PRNewswire/ -- IntelAgree, a leading AI-powered contract lifecycle management (CLM) platform, is proud to announce its newest enterprise agreement with Casey's (NASDAQ: CASY), a Fortune 500 company and the third-largest convenience store retailer and the fifth-largest pizza chain in the United States.Casey's will leverage the full capabilities of IntelAgree — including Saige Assist, its generative AI assistant — to streamline and scale contract operations across the organization ...

Equity Residential (EQR) is slated to report first-quarter 2025 results after the closing bell on April 29. While the company’s quarterly results are likely to reflect growth in revenues, funds from operations (FFO) per share are expected to remain flat.In the last reported quarter, this Chicago, IL-based residential real estate investment trust (REIT) came up with an in-line performance in terms of normalized FFO per share. Results reflected healthy same-store revenue performance and high occupancy.Over th ...

Watsco (WSO) reported $1.53 billion in revenue for the quarter ended March 2025, representing a year-over-year decline of 2.2%. EPS of $1.93 for the same period compares to $2.17 a year ago.The reported revenue represents a surprise of -7.62% over the Zacks Consensus Estimate of $1.66 billion. With the consensus EPS estimate being $2.29, the EPS surprise was -15.72%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expecta ...