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Centene, BrightView Holdings, ArriVent BioPharma And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session
Benzinga· 2025-07-02 12:22
U.S. stock futures were higher this morning, with the Dow futures gaining around 0.2% on Wednesday.Shares of Centene Corporation CNC fell sharply in today's pre-market trading after the health care company withdrew its guidance for 2025.Centene withdrew its previous 2025 earnings guidance and all underlying guidance elements based on the company's preliminary interpretation of marketplace data from the independent actuarial firm Wakely.Centene shares dipped 27.7% to $40.94 in the pre-market trading session. ...
Equinix Stock Up 1.7% After Key Trading Signal
Benzinga· 2025-07-02 11:42
Core Insights - Equinix Inc. (EQIX) experienced a significant trading signal known as Power Inflow at a price of $786.99, indicating a potential uptrend and a possible entry point for traders [1][5]. Group 1: Power Inflow and Market Trends - The Power Inflow is a crucial indicator for traders, reflecting institutional activity and suggesting a bullish trend for the stock throughout the trading day [3][5]. - The price movements following the Power Inflow showed returns of 1.7% on the high price of $800.16 and 1.1% on the close price of $795.38, emphasizing the importance of a trading plan [6]. Group 2: Order Flow Analytics - Order flow analytics involves analyzing the volume rate of buy and sell orders to gain insights into market conditions, which is particularly valuable for active traders [2][4]. - By utilizing order flow analytics, market participants can identify trading opportunities and potentially enhance their trading performance [4].
AZZ Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2025-07-02 10:33
AZZ Inc. AZZ will release earnings results for the first quarter, after the closing bell on Wednesday, July 9.Analysts expect the Fort Worth, Texas-based company to report quarterly earnings at $1.60 per share, up from $1.46 per share in the year-ago period. AZZ projects to report quarterly revenue of $435.91 million, compared to $413.21 million a year earlier, according to data from Benzinga Pro.On July 1, AZZ announced that it has entered into an agreement to acquire all the assets of Canton Galvanizing, ...
Cipher Mining Stock Is Up Over 6% In Wednesday's Pre-Market: What's Going On?
Benzinga· 2025-07-02 08:33
Group 1 - Cipher Mining, Inc. has commenced operations at its Black Pearl facility in Texas, achieving an initial hashrate of 2.5 exahashes per second (EH/s) with plans to reach 9.6 EH/s in Phase I and a total hashrate of 23.1 EH/s by Q3 [1][2] - The company started mining Bitcoin ahead of schedule, indicating strong operational efficiency [1] - Analysts from Cantor Fitzgerald have reiterated a "Buy" rating for Cipher's stock, raising the price target from $4 to $6 [1] Group 2 - Cipher Mining has a market capitalization of $1.64 billion and focuses on building and operating industrial-scale data centers for Bitcoin mining and high-performance computing [2] - The stock price of Cipher increased by 6.12% in pre-market trading, following a 2.51% rise during the previous trading session, with a notable 25% increase over the past week and over 50% in the last month [2]
Penguin Solutions Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Benzinga· 2025-07-02 03:42
Group 1 - Penguin Solutions, Inc. is set to release its third-quarter earnings results on July 8, with expected earnings of 33 cents per share, a decrease from 37 cents per share in the same period last year [1] - The company projects quarterly revenue of $330.82 million, an increase from $300.58 million a year earlier [1] - In the second quarter, Penguin Solutions reported better-than-expected financial results, leading to a 1.8% increase in share price, closing at $20.17 [2] Group 2 - Goldman Sachs analyst Michael Ng maintained a Buy rating but reduced the price target from $26 to $22.5 [4] - JP Morgan analyst Samik Chatterjee initiated coverage with a Neutral rating and a price target of $20 [4] - Barclays analyst Tom O'Malley maintained an Overweight rating and raised the price target from $22 to $23 [4] - Loop Capital analyst Ananda Baruah initiated coverage with a Buy rating and a price target of $30 [4] - Stifel analyst Brian Chin maintained a Buy rating but lowered the price target from $32 to $27 [4]
Apple Sues Ex-Engineer Over Alleged Theft Of Vision Pro Secrets As Snap Prepares AR Glasses Launch
Benzinga· 2025-07-01 23:30
Core Viewpoint - Apple, Inc. has filed a lawsuit against former senior design engineer Di Liu for allegedly stealing confidential information before joining competitor Snap Inc. [1][2] Group 1: Legal Allegations - Apple claims that Liu downloaded thousands of sensitive files and stored them in personal cloud accounts during his final days at the company [1][3] - Liu reportedly did not disclose his new employment with Snap, a competitor in the smart glasses market, when he resigned [2] - During a standard two-week transition period, Liu allegedly accessed and copied proprietary files using his company credentials [3] Group 2: Potential Impact on Competitors - Apple suggested that the information Liu took could benefit Snap's augmented reality products, although no legal action was taken against Snap itself [4] - Snap has stated that they found no evidence linking Liu's alleged actions to his work at their company [4] Group 3: Industry Context - Snap announced plans to launch Specs, a pair of lightweight AR glasses, in 2026, which may be influenced by the information Liu allegedly took [4] - Specs are described as an ultra-powerful wearable computer integrated into a lightweight glasses frame, featuring see-through lenses [5] - Meta is also preparing to launch a new version of its smart glasses, priced between $1,000 and $1,400, intensifying competition in the market [5]
650% Later, Rocket Lab CEO Isn't One Bit Worried
Benzinga· 2025-07-01 22:36
Core Insights - Rocket Lab Corp. has experienced a significant increase in share price, up more than 650% over the past year, driven by a series of successful rocket launches [1][4] - The company has achieved a record turnaround by completing two rocket launches from the same site within 48 hours [1] - CEO Peter Beck emphasized strong demand for launches from both commercial and government sectors, indicating a competitive landscape beyond SpaceX [1][2] Company Developments - Rocket Lab's smaller Electron rocket is increasingly utilized for launching satellite constellations, while the upcoming Neutron rocket is designed to compete in the medium-lift market [2] - The company has expanded through acquisitions, including Geost and a German firm, Manaric, enabling it to provide end-to-end services in building rockets, spacecraft, and payloads [3] - Approximately half of Rocket Lab's business is derived from commercial customers, with the other half from government contracts, highlighting the growing importance of national security in the space sector [3]
Hershey (HSY) Stock Climbs On Plan To Cut Synthetic Dyes
Benzinga· 2025-07-01 20:37
Group 1 - Hershey Co will eliminate synthetic dyes from its products by the end of 2027, aligning with other major food industry players [1][3] - The decision is a response to a "patchwork of state regulations" that create confusion and potential cost increases for consumers, aiming to streamline its product portfolio and maintain consumer trust [2] - This industry-wide shift follows increased scrutiny on food additives, driven by efforts from Health and Human Services Secretary Robert F. Kennedy Jr. [3] Group 2 - Competitors such as Kraft Heinz Co and General Mills Inc have also pledged to remove synthetic dyes from their products, indicating a broader trend in the food industry [4]
AT&T Claps Back At Trump: 'Not Our Network's Fault — It's Your Platform'
Benzinga· 2025-07-01 20:30
AT&T Inc T dealt with a public call-out from President Donald Trump and his press secretary due to a long wait time for the Faith Leaders Conference Call."AT&T is totally unable to make their equipment work properly," Trump said in a post on his Truth Social platform. "This is the second time it's happened. If the Boss of AT&T, whoever that may be, could get involved – it would be good."Trump went on to apologize to the people who were experiencing the long wait, saying there were thousands on the line."AT& ...
Stock Of The Day: Bank Of America Breaks Out
Benzinga· 2025-07-01 18:16
Group 1 - Bank of America Corporation (BAC) is experiencing a bullish trend, with shares trading higher and potentially breaking out, indicating a continued upward movement in stock price [1] - The current market conditions, with many stocks reaching all-time highs, contribute to the breakout of Bank of America shares [1] - A stock in an uptrend suggests an imbalance in the market, where demand exceeds supply, leading to increased competition among buyers and driving prices up [2] Group 2 - Resistance levels in stock trading represent price points where selling interest is strong enough to meet buying demand, often causing price rallies to pause or reverse [4] - Anxious sellers may lower their asking prices to avoid being undercut, which can create a downward price spiral if many sellers act similarly [5] - Breakouts occur when buyers overpower sellers at resistance levels, leading to a potential new uptrend as supply diminishes and demand remains strong [6]