Benzinga Daily Stocks To Watch

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Daily Stock Picks and News from Benzinga Newsdesk hosted by Michael O'Connor and David Willey

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Bio Stocks You Need To Be Watching
Nov 9 2023
Bio Stocks You Need To Be Watching
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:Aware Inc (NASDAQ:AWRE): The software and biometrics company saw shares climb on Thursday after reporting third-quarter financial results. Aware’s 112% year-over-year revenue increase to $6.4 million beat a Street consensus estimate of $4.6 million. The company also highlighted its $3.4 million contract signed with the U.S. government that includes options to take the total deal size to $5.1 million. Its use of artificial intelligence and machine learning may attract investors looking for exposure to this growing sector. Aware CEO Robert Eckel expects “several deals” to meaningfully contribute to recurring revenue, including “a multi-year contract with a large agency of the U.S. federal government.” Aware also debuted its formal partner program and additional product enhancements to its SaaS platform, Eckel added.Shopify Inc (NYSE:SHOP): The $77 billion e-commerce company makes the list with increased interest from investors after reporting third-quarter financial results. The company reported $1.71 billion in third-quarter revenue, which was up 25% year-over-year and beat analysts' estimates. Gross merchandise volume for the company was up 22% year-over-year in the third quarter to $56.2 billion. Guidance from the company sees full-year revenue growth in the mid-twenties on a year-over-year basis, which is up from a prior estimate of the low-twenties. Shares of Shopify are up over 70% in one year.Lemonade Inc (NYSE:LMND): The insurance company saw investor interest increase after reporting third quarter financial results Wednesday. Lemonade reported revenue of $114.5 million in the third quarter, which was up 54.7% year-over-year and beat a Street consensus estimate of $104.5 million. The company also beat analysts' estimates for earnings per share in the quarter. Commentary from the company calls for positive cash flow coming and more. "Our ultimate goal, of course, goes beyond being profitable: it is to become an iconic global brand, with unrivaled ability to quantify risk, and service customers at the highest level of delight while shouldering the lowest cost to serve," the company said.Alpine Immune Sciences (NASDAQ:ALPN): Shares of the biotech were up this week on news of the company's clinical data of povetacicept in autoimmune glomerulonephritis. The company presented the data during the American Society of Nephrology Kidney Week. The data was well received by investors and the stock is up over 140% in the last year.Kodiak Sciences (NASDAQ:KOD): The biotech stock was up sharply on Thursday after an announcement that the company will be presenting primary endpoint data from its Phase 3 Glow study for Tarcocimab Tedromer in patients with diabetic retinopathy at the American Academy of Ophthalmology Annual Meeting. The event will be held Nov. 3 through Nov. 6 with the presentation from Kodiak Sciences coming on Nov. 3.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
5 Stocks Trading Under The Radar
Sep 18 2023
5 Stocks Trading Under The Radar
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659 Today's Stocks:$HOLO $RCKT $IDAI $UP $MYTEMicroCloud Hologram (NASDAQ:HOLO): The holographic technology company saw shares trade higher and gain interest from investors to start the week. The stock was halted several times in the early part of the trading week, before shares traded significantly lower on Thursday and Friday. The volatility in the stock comes after the company announced it was developing a holographic virtual digital human based on ChatGPT models on Friday. The company said the creation of the holographic model would be able to understand human language behavior and simulate emotions.Rocket Pharmaceuticals (NASDAQ:RCKT): The clinical-stage biotechnology company saw strong interest from investors this past week after announcing an alignment was reached with the FDA for the Phase 2 trial of RP-A501. The company also announced an offering of 7.8 million shares at $16 each. Over the last two months, analysts have remained mostly bullish on the company. Needham rates it a Buy with a $53 price target, Stifel has a Buy rating with a $48 price target, and Canaccord Genuity gives it a Buy rating with a target of $47.T Stamp Inc (NASDAQ:IDAI): The company recently announced it received its 18th patent, which is related to the use of artificial intelligence for tokenization.Wheels Up Experience (NYSE:UP): The on-demand private aviation company saw shares trade higher following the announcement of their CEO appointment. George Mattison was named the new CEO of the company and brings 25 years of aviation experience to the role. Mattison is a member of the Board of Directors of Delta Air Lines (NYSE:DAL), which is a strategic partner and investor in Wheels Up. Mattison is also an investor and the Chairman of Tropic Ocean Airways, a Wheels Up partner. Wheels Up shares have climbed over 80% in the last month and the stock has been seeing short interest rise. The company currently ranks 21st on the Fintel short squeeze leaderboard with 11.5% of the float short and a cost to borrow of 46.8%.MYT Netherlands AD (NYSE:MYTE): The global luxury ecommerce company saw strong interest from investors over the past week after the company reported fourth-quarter financial results. Fourth quarter gross market volume was up 40.8% year-over-year in the U.S. market. Active customers grew 10% over the last twelve months, with increased first-time buyers being added on a global basis. Double-digit growth for all geographic regions was highlighted by the company, with an improved focus on its top customers. The earnings report led to UBS keeping a Buy rating and raising the price target from $4.60 to $5.20.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
IPO Of The Year!
Sep 13 2023
IPO Of The Year!
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:$ARM $SMTC $ADBE $XOM $MSFTARM Holdings IPO today (NASDAQ: ARM) Arm Holdings prices IPO at $51 a share, top of range. AMR is already a BUY with some analysts.Semtech Corporation (NASDAQ:SMTC) reported upbeat earnings for its second quarter, but issued weak forecast for the third quarter. Semtech shares fell 5.1% to $21.70 in the after-hours trading session.Analysts are expecting Adobe Inc. (NASDAQ:ADBE) to have earned $3.98 per share on revenue of $4.87 billion for the latest quarter. The company will release earnings after the markets close. Adobe shares gained 0.3% to $555.00 in after-hours trading.Texas Billionaire Timothy Dunn Backed US Oil & Gas Player Explores $10B Sale. Notable oil industry giants like Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) are expected to be approached to gauge their interest in the potential acquisition of CrownRock. Crude at a 10-month high - OPEC's forecasts indicate a sharp drop in world oil inventories, with a projected decline of around 3.3 million barrels per day in the next three months, potentially the largest since 2007.During a virtual appearance at the All-In Summit, Elon Musk once again expressed concerns regarding Microsoft Corporation’s (NASDAQ:MSFT) significant control over OpenAI, prompting questions about the potential consequences for ChatGPT-parent’s future.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Apple Is Weathering The Chinese Storm $AAPL
Sep 11 2023
Apple Is Weathering The Chinese Storm $AAPL
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:$AAPL $PLTR $BIOC $ORCL $SJMApple Inc. (NASDAQ:AAPL): Apple will be unveiling the new iPhone15 after the Chinese storm. Apple reportedly considering to discontinue silicone-based accessories for its iPhone lineup as part of an eco-friendly initiative to transition to more environmentally sustainable materials. Rumors have picked up regarding Apple’s intention to replace leather accessories with “FineWoven” versions, starting with products designed for the upcoming iPhone 15 generation.Palantir Technologies (NYSE:PLTR): The software company attracted interest from investors this week, which comes as a report says the company is part of a group that will help advise President Joe Biden and the White House on regulation of the artificial intelligence sector. Palantir CEO and co-founder Alexander Karp is among the vocal group who thinks the AI sector needs more regulations going forward. The White House is expected to announce plans on Sept. 12, which could put Palantir shares back in the spotlight. Shares of Palantir are up 138% year-to-date, but have pulled back as artificial intelligence-linked stocks cool off despite impressive gains earlier in the year.Biocept, Inc. - Common Stock(NASDAQ: BIOC) Biocept shares are trading higher after the company announced non-exclusive licensing agreement for CNSide with Plus Therapeutics.Wall Street expects Oracle Corporation (NYSE:ORCL) to report quarterly earnings at $1.14 per share on revenue of $12.46 billion after the closing bell. Oracle shares rose 0.3% to $126.64 in after-hours trading.J.M. Smucker Company (NYSE: SJM) Jelly maker J.M. Smucker is buying Twinkie owner Hostess Brands for $5.6 billion, or $34.25 a share.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
$1 Billion Share Purchase For This Restaurant Company
Sep 8 2023
$1 Billion Share Purchase For This Restaurant Company
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:  $QSR, $KR,$ACI,$DOCU $ARGGYRestaurant Brands International Inc. (NYSE:QSR), the parent company of Popeye's, Burger King and Tim Hortons recently approved plans to purchase up to $1 billion of its common shares over the next two years through Sept. 30, 2025.The Kroger Co. (NYSE:KR) and Albertsons Companies Inc. (NYSE:ACI) announced today that they have entered a definitive agreement with C&S Wholesale Grocers, LLC for the sale of select stores, banners, distribution centers, offices and private label brands in connection with their proposed merger previously announced on October 14, 2022.DocuSign, Inc. (NASDAQ:DOCU) reported better-than-expected results for its second quarter. DocuSign shares rose 2.8% to $53.59 in the after-hours trading session.Aston Martin Lagonda Global Holdings Plc.(OTC: ARGGY)Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
China Bans iphones !?
Sep 7 2023
China Bans iphones !?
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks: $AAPL $TLRY $CRWD $GOOG $TIOChina bans iPhones for government officialsTilray Brands (NASDAQ:TLRY): The cannabis and consumer packaged goods company saw strong interest from investors last week on the heels of positive news related to the cannabis sector. The sector got a boost after the Department of Health and Human Services said it is recommending the reclassification of cannabis to be a Schedule III controlled substance under federal law. Cannabis is currently a Schedule I drug. Cannabis stocks like Tilray soared on the news and Tilray shares are now up 29% over the last month. The stock was among the most requested tickers on Benzinga Pro in the past week.CrowdStrike Holdings (NASDAQ:CRWD): Cybersecurity company CrowdStrike saw strong interest from readers after reporting quarterly financial results. The company beat analyst consensus estimates for both revenue and earnings per share in the second quarter. Revenue was up 37% year-over-year and the company highlighted its growth from artificial intelligence-powered platforms. Guidance from the company was also well received by investors and several analysts raised their price targets as a result.Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL): Technology giant Alphabet is one of the most searched stocks on Benzinga Pro each month. This week both share classes of Alphabet were among the most dominant tickers on Benzinga Pro. The increased interest comes with the company’s Google Cloud unit joining forces with semiconductor leader Nvidia Corp (NASDAQ:NVDA). Google also announced it has an Oct. 4 Pixel event that could highlight upcoming phones and watches from the technology giant. Another future catalyst for the company could be its YouTube video platform getting streaming rights to a highly anticipated trial of former president Donald Trump.Tingo Group (NASDAQ:TIO): The agri-fintech company has been targeted by Hindenburg with a short report alleging several red flags. Tingo Group reported second-quarter financial results that saw earnings per share miss estimates from analysts and revenue beat estimates from analysts. The company also provided an update on the short report and said it had completed its investigation into the allegations. Shares of Tingo are up over the last week and up 59% year-to-date in 2023.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
What's Going On With Chinese Stocks?
Sep 6 2023
What's Going On With Chinese Stocks?
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks: $BABA $BIDU $PDD $LI $JKSThe Caixin/S&P Global services purchasing managers' index (PMI) dropped to 51.8 in August from 54.1 in July, the lowest reading since December due to the pandemic.Alibaba Group Holding Limited's (NYSE:BABA) stock is trading lower Tuesday in line with the broader indexes IShares China Large-Cap ETF (NYSE:FXI) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB) amid reports of China's services activity growing at the slowest pace in eight months in August.Baidu, Inc (NASDAQ:BIDU) announced over ten new AI-based applications on Tuesday, just days after mass commercializing the ChatGPT-like Ernie bot. Baidu also showcased generative AI-based products that could assist with traffic management, financial research, and coal mine logistics. Nearly 10,000 businesses are using Baidu's Qianfan cloud platform each month per the company.PDD Holdings Inc - ADR (NASDAQ:PDD) shares are trading lower by 2.6% to $100.56 Tuesday afternoon. Shares of several Chinese stocks are trading lower following Caixin Services PMI data, which showed slower-than-expected August service sector activity growth.Li Auto Inc (NASDAQ:LI) shares are trading lower by 6.1% to $39.74 going into the close of Tuesday's session. Shares of several Chinese stocks are trading lower following Caixin Services PMI data, which showed slower-than-expected August service sector activity growth.JinkoSolar Holding Co., Ltd (NASDAQ:JKS) shares are trading lower by 3.1% to $33.39 going into the close of Tuesday's session. Shares of several Chinese stocks are trading lower following Caixin Services PMI data, which showed slower-than-expected August service sector activity growth.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Why Are AliBaba Shares Rising Today? $BABA
Sep 1 2023
Why Are AliBaba Shares Rising Today? $BABA
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:$DELL $LULU $AVGO $BABA $EOSEDell Technologies Inc. (NYSE:DELL) reported better-than-expected second-quarter results and raised its outlook for the year. Dell shares climbed 8.3% to $60.92 in the after-hours trading session.Lululemon Athletica Inc. (NASDAQ:LULU) reported upbeat earnings for its second quarter and boosted its annual forecast. Lululemon shares gained 1.5% to $387.00 in the after-hours trading session.Broadcom Inc. (NASDAQ:AVGO) posted upbeat earnings for its third quarter, but issued weak forecast for the current quarter. Broadcom shares fell 4.6% to $880.08 in the after-hours trading session.What's Going On With Alibaba Stock Friday? Alibaba Group Holding Limited (NYSE:BABA) stock is trading higher Friday in line with the broader indexes IShares China Large-Cap ETF (NYSE:FXI) and KraneShares Trust KraneShares CSI China Internet ETF (NYSE:KWEB) as China’s factory activity for August expanded.Eos Energy Enterprises Inc (NASDAQ:EOSE) shares are surging 55% in premarket trade after it launched Project AMAZE, American Made Zinc Energy, a $500 million planned expansion to build 8 GWh of clean energy storage production capacity.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
First-Ever Bitcoin ETF In The US
Aug 30 2023
First-Ever Bitcoin ETF In The US
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:BEDU GBTC COIN JNJ CTLTBright Scholar Education Holdings Limited (NYSE:BEDU) shares rose 14.7% to $1.01 in pre-market trading. Bright Scholar Education recently announced its unaudited financial results for the six months of fiscal 2023 ended Feb. 28, 2023.Grayscale Bitcoin Trust (BTC)(OTC: GBTC) The Grayscale Investments Bitcoin Trust (OTCPK: GBTC) experienced a 17% surge on Tuesday following a legal victory against SEC in federal court that could pave the way for the launch of the first spot-Bitcoin ETF in the U.S.Coinbase Global Inc (COIN) Coinbase shares and bitcoin surge as judge paves the way for first-ever spot bitcoin ETF in the US. Coinbase Global, Inc. filed (Form144)Johnson & Johnson Common Stock(NYSE: JNJ) Johnson & Johnson Expects 2023 Adjusted EPS Of $10.00-$10.10 (Vs. Previous Guidance Of $10.70–$10.80 And Consensus Of $10.65.) And Adjusted Operational EPS Of $9.90 - $10.00 (Vs. Prior Guidance Of $10.60–$10.70). Johnson & Johnson Secured $13.2B In Cash Proceeds From The Kenvue Debt Offering And Initial Public Offering And Maintains 9.5% Of Equity Stake In KenvueCatalent (NYSE:CTLT) Catalent shares are trading higher after the company issued strong guidance and entered into a cooperation agreement with Elliott Investment Management. Catalent reported quarterly adjusted earnings of $0.09 per share which missed the analyst consensus estimate of $0.10 by 10 percent. This is a 91.67 percent decrease over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $1.07 billion which beat the analyst consensus estimate of $1.05 billion by 1.71 percent. This is a 17.02 percent decrease over sales of $1.29 billion the same period last year.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
The Surprise Competition To TESLA
Aug 29 2023
The Surprise Competition To TESLA
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:$TSLA $VFS $BBY $BORR $MMM $ELFTesla Inc (NASDAQ:TSLA) has seemingly rolled out its full self-driving (FSD) software for Tesla vehicles equipped with hardware 4. The move comes a day after CEO Elon Musk warned that FSD on hardware 4 will lag hardware 3 by at least another six months. Elon Musk Says Tesla's Software Is Like Apple's, You Can't Just Copy ItVietnamese EV manufacturer VinFast (NASDAQ:VFS) becomes the third largest automaker by market capitalization globally, following closely those of Tesla (NASDAQ:TSLA) and Toyota (OTC:TOYOF), Nikkei Asia reported.Wall Street expects Best Buy Co., Inc. (NYSE:BBY) to post quarterly earnings at $1.06 per share on revenue of $9.52 billion before the opening bell. Best Buy shares gained 0.3% to $74.30 in after-hours trading.Borr Drilling (NYSE:BORR) wins contract for work in West Africa in direct continuation of their current contracts. The contracts will have a combined duration of 1,307 days and a total estimated contract value is $211 million.3M (NYSE: MMM) Announces Combat Arms Settlement Against Aearo Technologies, To Pay $6.0Be.l.f. Beauty (NYSE:ELF) Announces Definitive Agreement To Acquire Skin Care Brand Naturium For $355MHosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Is This Stock The New Apple? #stockoftheyear $AAPL
Aug 21 2023
Is This Stock The New Apple? #stockoftheyear $AAPL
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:ZM PANW NVDA ROST DEWall Street expects Zoom Video Communications, Inc. (NASDAQ:ZM) to post quarterly earnings at $1.05 per share on revenue of $1.11 billion after the closing bell. Zoom Video shares gained 0.3% to $66.50 in after-hours trading.Palo Alto Networks, Inc. (NYSE:PANW) reported better-than-expected fourth-quarter earnings and issued strong billings outlook for the year. Palo Alto shares gained 11.2% to $233.21 in the after-hours trading session.Shares of Nvidia Corp. (NASDAQ:NVDA) rose in premarket trading on Monday, inspired by positive commentaries regarding its second-quarter earnings from some analysts.ROST - Ross Stores shares are trading higher after the company reported better-than-expected Q2 financial results and issued guidance.DE- Deere reported third-quarter net sales and revenue growth of 12% Y/Y to $15.80 billion, beating the consensus of $14.25 billion. EPS of $10.20 surpassed the consensus of $8.20.Deere raised its FY23 outlook for net income to $9.75 billion-$10.00 billion from $9.25 billion-$9.50 billion.Deere shares fell 5.3% to close at $397.02 on Friday but added 0.3% in today’s pre-market trading session.These analysts made changes to their price targets on Performance Food Group following earnings announcement.JP Morgan lowered the price target on Deere from $390 to $380. JP Morgan analyst Tami Zakaria maintained a Neutral rating.Credit Suisse slashed the price target on Deere from $560 to $551. Credit Suisse analyst Jamie Cook maintained an Outperform rating.UBS raised the price target on Deere from $383 to $408. UBS analyst Steven Fisher maintained a Neutral rating.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Intel's China Bust $INTC
Aug 16 2023
Intel's China Bust $INTC
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:$INTC $TGT $TSLA $MSFT $META $CSCO $JD'Intel To Call Off $5.4B Tower Deal Without Chinese Approval;Co Expected To Call Off Transaction As Time Runs Out; Deal Would Have Put Intel In Closer Competition With TSMC'Target shares are trading higher after the company reported better-than-expected Q2 financial results.Tesla Expands Charging Access With New 'Universal Wall Connector' For Other EVsMSFT,META-OpenAI's GPT-4 Shakes Up Content Moderation Landscape: Propels Facebook, Instagram And X To Embrace AI SolutionsAnalysts expect Cisco Systems, Inc. (NASDAQ:CSCO) to report quarterly earnings at $1.06 per share on revenue of $15.05 billion after the closing bell. Cisco shares gained 0.4% to $53.54 in after-hours trading.JD.com (NASDAQ:JD) reported quarterly earnings of $0.74 per share which beat the analyst consensus estimate of $0.66 by 12.12 percent. This is a 21.31 percent increase over earnings of $0.61 per share from the same period last year.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Eli Lilly's Big Jump; Paramount's  $1.62 Bn Sale $PARA
Aug 8 2023
Eli Lilly's Big Jump; Paramount's $1.62 Bn Sale $PARA
Straight from Benzinga newsdesk, host Michael O'Connor brings you the market news and stocks to watch.Subscribe to our Stocks To Watch Newsletter here : https://go.benzinga.com/sales-page-187126583617110118712659Today's Stocks:$UPS $PARA $BYND $LLY $WWall Street expects United Parcel Service, Inc. (NYSE:UPS) to post quarterly earnings at $2.50 per share on revenue of $23.11 billion before the opening bell. UPS shares rose 0.6% to $183.30 in after-hours trading.Paramount Global (NASDAQ:PARA) reported better-than-expected results for its second quarter. KKR also announced plans to acquire Simon & Schuster from Paramount Global for $1.62 billion. Paramount Global shares gained 4.5% to $16.81 in the after-hours trading session.Beyond Meat Inc (NASDAQ:BYND) reported downbeat results for its second quarter and issued weak revenue forecast for FY23. Beyond Meat shares declined 11.9% to $13.46 in the after-hours trading session.Analysts expect Eli Lilly and Company (NYSE:LLY) to report quarterly earnings at $1.99 per share on revenue of $7.58 billion before the opening bell. Eli Lilly shares fell 0.1% to $453.90 in after-hours trading.UBS analyst Atul Maheswari upgraded Wayfair Inc (NYSE:W) to Buy from Neutral with an increased price target of $110 from $72.Hosts:Michael O'Connor , Benzinga NewsdeskReach out to Michael at michaeloconnor@benzinga.comPartnership Contentpro.benzinga.comIf you have ideas for stocks we should cover or have feedback about the info or presentation, please drop us a line at newsdesk@benzinga.com or aslicoskun@benzinga.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy