Today's noteworthy initiations include:Allscripts (MDRX) initiated with a Buy at Canaccord...Anthera (ANTH) initiated with a Buy at Citi...Cerner (CERN) initiated with a Buy at Canaccord...Chico's (CHS) initiated with a Neutral at MKM Partners...Civitas Solutions (CIVI) initiated with a Buy at Canaccord...Envision Healthcare (EVHC) initiated with a Buy at Canaccord...Express (EXPR) initiated with a Neutral at MKM Partners...Gap (GPS) initiated with a Buy at MKM Partners...Grainger (GWW) initiated with a Neutral at UBS...Kura Oncology (KURO) initiated with an Outperform at Leerink...L Brands (LB) initiated with a Buy at MKM Partners...MacroGenics (MGNX) initiated with a Neutral at Citi...Maximus (MMS) initiated with a Hold at Canaccord...MedAssets (MDAS) initiated with a Hold at Canaccord...Stanley Black & Decker (SWK) initiated with a Buy at UBS...Team Health (TMH) initiated with a Buy at Canaccord...Urban Outfitters (URBN) initiated with a Neutral at MKM Partners...Visteon (VC) initiated with a Market Perform at Wells Fargo...lululemon (LULU) initiated with a Buy at MKM Partners...voxeljet (VJET) initiated with an In-Line at Imperial Capital.

Sees 2024 adjusted EBITDA $470M-$500M and adjusted free cash flow $155M-$185M.

Reports Q1 revenue $933M, consensus $977.87M. "Our first quarter results highlight our continued progress on addressing the megatrends of digitalization and electrification that are rapidly changing the automotive industry. I am very proud of our continued operational execution and launching a high number of new products across the globe to support our customers and deliver near-term growth," said CEO Sachin Lawande. "We are also strengthening our future with another strong quarter of new business wins across our digital cockpit products while further diversifying into adjacent end markets."

W.W. Grainger's board of directors approved a quarterly cash dividend of $2.05 per share, an increase of 10% from the most recent company dividend of $1.86 per share. The dividend is payable on June 1, to shareholders of record on May 13. In addition, the board approved the repurchase of up to 5M shares of the company's outstanding common stock, replacing the company's existing repurchase authorization. The new repurchase authorization has no expiration date. "2024 is on track to be our 53rd consecutive year of increased dividends, upholding Grainger's long-standing commitment to our shareholders. This increase, together with our updated share repurchase authorization, reinforces our ability to continue investing in the business while also returning excess cash to shareholders," said D.G. Macpherson, Grainger CEO.

New option listings for April 24th include PROSHARES ULTRA BITCOIN ETF (BITU), Five Star Bancorp (FSBC), PROSHARES ULTRASHORT BITCOIN ETF (SBIT), and Sera Prognostics Inc (SERA). Option delistings effective April 24th include Express, Inc. (EXPR).