Crude Oil Surges 3%; Delta Air Lines Posts Better-Than-Expected Earnings
Benzinga· 2025-01-10 19:15
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling over 400 points on Friday.The Dow traded down 1.19% to 42,129.32 while the NASDAQ dipped 1.16% to 19,252.53. The S&P 500 also fell, dropping, 1.10% to 5,853.26.Check This Out: How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 EarningsLeading and Lagging SectorsEnergy shares rose by 0.6% on Friday.In trading on Friday, information technology shares tumbled by 2.1%.Top HeadlineDelta Air Lines, Inc. DAL report ...
GameStop PR Blitz Incoming? Here's What Public Relations Job Opening Says
Benzinga· 2025-01-10 19:14
Video game retailer GameStop Corporation GME is a widely followed stock, but the company hasn’t hosted earnings conference calls in recent years.That could change in 2025 based on a new report and a company job posting.What Happened: The latest quarterly report saw GameStop end the quarter with $4.6 billion in cash. Investors and analysts want to know if the money will be used for acquisitions or investments (i.e., stocks and cryptocurrency).Reporter Charles Gasparino, who is a Fox Business host, suggests t ...
Macy's is closing 66 stores. Here's where they're located
Fox Business· 2025-01-10 19:11
Macy’s on Thursday named 66 stores it plans to close this year. The slew of "non-go-forward" locations that Macy’s said will permanently close are spread across 22 states, including Arizona, California, Colorado, Florida, Georgia, Idaho, Illinois, Louisiana, Massachusetts, Maryland, Michigan, Minnesota, Missouri, New Jersey, New York, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia and Washington. The closures stem from the "Bold New Chapter" initiative the retailer has been implementing since last ...
Nvidia, Marvell, Synopsys Demonstrate AI Leadership And Strong Chip Design Momentum: Analyst
Benzinga· 2025-01-10 19:07
Companies exposed to artificial intelligence and accelerated computing have continued to see their end demand and visibility strengthen.That’s according to analysts at JPMorgan. Companies exposed to consumer-facing markets like smartphones and IoT are seeing demand trends track in line with expectations, they say. Demand trends in automotive and industrial remain mixed.The assessment comes after JPMorgan held virtual fireside chats in conjunction with the 2025 International Consumer Electronics Show.Marvell ...
Intuitive Machines Stock: I Remain Bullish Despite The Strong Bull Run
Seeking Alpha· 2025-01-10 19:06
Intuitive Machines, Inc. (NASDAQ: LUNR ) caught my eye soon after its IPO in February 2023, but given the hype behind space exploration companies back then – which saw LUNR stock surge more than 250% in one trading session after its IPO – I thought the bestDilantha De Silva is an experienced equity analyst and investment researcher with over 10 years in the investment industry. He writes insightful articles for Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a significant following on Seeking Alpha. ...
Block's Reversal Is Already Here - FY2025 Guidance Implies Growth Acceleration
Seeking Alpha· 2025-01-10 19:00
I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the ...
Nvidia's AI Leadership Shines While ON Semiconductor Faces Demand Slump: Analyst
Benzinga· 2025-01-10 18:59
Truist analyst William Stein attended CES 2025 this past week and hosted several meetings with high-profile companies in the semiconductor sector.The over-arching theme is that spending on AI infrastructure is firm, which benefits Nvidia Corp NVDA as it penetrates the $35 billion client compute market, challenging Intel Corp INTC and Advanced Micro Devices, Inc AMD.Demand for diversified end market semiconductors is mixed to weak, with ON Semiconductor Corp ON sounding particularly weak, prompting an analys ...
eVTOL Market Soars Too High? Analyst Gives Archer, Joby Downgrades
Benzinga· 2025-01-10 18:51
Market Performance and Valuation - Archer Aviation and Joby Aviation have significantly outperformed the Clean Tech sector, with Archer gaining 145% and Joby gaining 86% over the past six months [2] - The market gains are driven by speculative inflows and market movements aligned with Tesla and Rocket Lab USA, despite regulatory hurdles not being fully cleared [2] - Elevated valuations of both companies could retreat as regulatory challenges persist, with Archer trading as if regulatory hurdles have already been cleared [2] Regulatory and Certification Challenges - Ongoing safety testing and certification remain significant hurdles for both companies, despite potential regulatory easing under the upcoming Trump administration [3] - Archer's partnership with defense tech company Anduril is promising but its immediate valuation upside is capped, with a price target of $9 reflecting incremental earnings potential from defense ventures [3] - Joby's leadership in for-credit testing and partnerships, such as with Toyota, indicate future growth, but certification uncertainties and market volatility imply downside risk, with a raised price target of $6 [4] Growth Potential and Capital Raises - Both companies may require capital raises to fund commercialization efforts, with investors needing to tread carefully due to high short interest that could lead to rapid price declines despite operational progress [5] - Significant long-term potential is seen for both companies as they push toward commercialization, but near-term risks remain tied to market enthusiasm outpacing operational milestones [5]
STZ Q3 Earnings Miss, Sales Dip Y/Y on Weak Wine & Spirits Business
ZACKS· 2025-01-10 18:51
Constellation Brands, Inc.’s (STZ) has reported third-quarter fiscal 2025 results, wherein the bottom and top lines missed the Zacks Consensus Estimate. The company’s sales dropped year over year.Comparable earnings per share (EPS) of $3.25 improved 0.3% year over year in the fiscal third quarter but lagged the Zacks Consensus Estimate of $3.34. On a reported basis, the company recorded EPS of $3.39 compared with $2.76 in the year-ago quarter.Stay up-to-date with all quarterly releases: See Zacks Earnings C ...
Walgreens CEO: ‘Turnaround Will Take Time'
PYMNTS.com· 2025-01-10 18:46
For Walgreens Boots Alliance CEO Tim Wentworth, the company’s turnaround process is not a sprint but a marathon.“We still have substantial work to do here,” he told analysts during the company’s first-quarter earnings call Friday (Jan. 10). “While our turnaround will take time, our early progress reinforces our belief in a sustainable, retail pharmacy-led operating model. Our focus is on our balance sheet. Sustained operating cash flows are front and center, and it’s a multiyear process to consistently and ...