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Futures struggle for direction ahead of earnings, economic data
(Reuters) - U.S. stock index futures see-sawed in a tight range on Thursday following a strong finish on Wall Street a day earlier ahead of big-ticket earnings reports, while investors also awaited data... More
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- Oil rises on Gaza ceasefire rejection and U.S. stock data
- Disney's "new era," AI lifts Arm, Alibaba's income miss - what's moving markets
- Stocks stay strong, BOJ caution trips yen
- China CPI inflation underwhelms in Jan, PPI sees limited improvement
- Alibaba shares slide as earnings miss overshadows $25 bln buyback
- Confluent (CFLT) stock surges 25% on strong 2024 guidance; Analysts bullish
- CVS Health (CVS) cuts full-year profit outlook
- Oscar Health (OSCR) rockets 22% on narrower Q4 loss and impressive 2024 guidance
- Analysts upgrade Roblox (RBLX) stock amid 'expanding margins'
- O’Reilly (ORLY) down on revenue miss, worse-than-expected 2024 guidance
- Unilever (UL) posts higher-than-estimated 2023 net profit, shares rise
- Mattel's (MAT) Q4 results fall short but shares climb on solid profit guidance
- Paycom Software Q1 guidance falls short of estimates
- Tesla (TSLA) staff reportedly bracing for possible layoffs, stock gains
- SoftBank shares hit 6-mth high on Arm windfall, first qtrly profit in 5
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Walt Disney lifts guidance after fiscal Q1 earnings beats estimates
Investing.com -- Walt Disney on Wednesday lifted its annual outlook after fiscal first-quarter results topped Wall estimates as cost cuts in its streaming giant bolstered performance.Walt... More
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China stocks clock best week in over a year on Beijing's rescue efforts
By Rae Wee SINGAPORE (Reuters) -Beaten-up Chinese stocks capped off their best week in more than a year on Thursday after a change of leadership at the market regulator and a string of... More
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'Well, it's complicated': PayPal shares fall 9% on flat profit outlook
(Updated - February 8, 2024 5:54 AM EST) PayPal (NASDAQ: PYPL) posted better-than-expected Q4 earnings and revenue but its shares still fell in pre-market Thursday trade due to a flat... More
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ARM hikes guidance on boost from AI-led demand; shares jump in afterhours trading
Investing.com -- ARM surged in afterhours trading Wednesday after the chip designer hiked its annual guidance and delivered stronger guidance for the current quarter as royalty revenue was boosted AI-led demand.... More
Thursday, February 08, 2024 6:22 AM EST
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Latest StreetInsider Headlines
- 06:21 AM
- 06:20 AM
- 06:20 AM
- 06:20 AM
- 06:19 AM
- 06:18 AM Encompass Health Corp (EHC) PT Raised to $83 at BofA Securities
- 06:18 AM Kennametal (KMT) PT Raised to $26 at BofA Securities
- 06:17 AM Zurn Water Solutions (ZWS) PT Raised to $32 at Stifel
- 06:17 AM FormFactor (FORM) PT Raised to $36 at Stifel
- 06:16 AM Futures struggle for direction ahead of earnings, economic data
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13Fs
- Buffett's Berkshire adds Atlanta Braves stocks, sells GM and Procter & Gamble
- Starboard Value raises stake in Acacia Research, exits Splunk and Papa John's
- Soros fund sells remaining stake in Rivian, buys 1.5M shares of Novo Nordisk in Q3
Accesswire
- NioCorp Joins With Major Automotive Manufacturers, Mining Companies and Electric Vehicle Battery Companies To Urge Action by Biden Administration on Mining Tax Incentive
- Fullintel to Host Measurement MasterClass: Elevating PR with Best Practices and Frameworks
- Hard Asset Management Sells Unique Museum-Class U.S. 1907 Satin Finish Rolled Edge $10 Indian PCGS PR67 Through Private Treaty
Analyst Comments
- Confluent Inc (CFLT) PT Raised to $35 at Needham, 'we continue to highlight the stock as our Top Pick in 2024'
- Uber Inc. (UBER) PT Raised to $82 at Deutsche Bank, 'We are very encouraged by fundamental trends'
- DA Davidson Downgrades New York Community Bancorp (NYCB) to Neutral, 'Given the Risk of Deposit Outflows'
Analyst PT Change
- Confluent Inc (CFLT) PT Raised to $35 at Needham, 'we continue to highlight the stock as our Top Pick in 2024'
- Uber Inc. (UBER) PT Raised to $82 at Deutsche Bank, 'We are very encouraged by fundamental trends'
- Roblox Corp. (RBLX) PT Raised to $31 at MoffettNathanson
Board Changes
- Zymeworks (ZYME) Appoints Alessandra Cesano to its Board
- U Power Limited (UCAR) Appoints Christophe von Pfetten to its Board
- Streamline Health Solutions (STRM) Improves Liquidity Position, Appoints New Directors
Business Wire
- Total by Verizon Releases Full Campaign Ad to Air on Univision Broadcast of the Big Game
- Dole plc Schedules Fourth Quarter and Full Year 2023 Earnings Release
- Global Blue Releases the Monthly Tax Free Shopping Business Update for January 2024
Commodities
- Oil rises on slim progress in Gaza peace talks, weaker dollar
- Oil prices rise after Gaza ceasefire rejection; Weak China data limits gains
- Gold prices in a holding pattern in anticipation of more rate cues
Corporate News
- Autolus Therapeutics (AUTL) Enters License and Option Agreement with BioNTech SE (BNTX)
- Zhibao Technology (ZBAO) Announces 1.2M Share IPO at $4-$6/sh
- Exponent, Inc. (EXPO) Announces Resignation of Chief HR Officer
Cryptocurrency
- This is when Bitcoin price is expected to hit fresh record highs
- Mizuho says Bitcoin ETF could be emerging as 'double whammy' for Coinbase (COIN)
- Mizuho Securities Reiterates Neutral Rating on Coinbase Global Inc. (COIN), 'Is Bitcoin ETF Emerging as a Double Whammy for Coinbase?'
Dividends
- Unilever (UL) posts higher-than-estimated 2023 net profit, shares rise
- Stifel Financial (SF) Declares $0.42 Quarterly Dividend; 2.2% Yield
- Avista Corp. (AVA) Raises Quarterly Dividend 3.3% to $0.475; 5.8% Yield
Downgrades
- DA Davidson Downgrades New York Community Bancorp (NYCB) to Neutral, 'Given the Risk of Deposit Outflows'
- Morgan Stanley Downgrades Hertz Global (HTZ) to Equalweight, 'Continued Risks to Strategy'
- Citi Downgrades ZoomInfo Technologies (ZI) to Sell, 'Shares still trade at a premium'
Earnings
- British American Tobacco p.l.c. (BTI) Reports FY EPS of 375.60p
- Duke Energy (DUK) Misses Q4 EPS by 4c
- Axalta Coating Systems (AXTA) Misses Q4 EPS by 1c; offers guidance
Economic Data
- Consumer Credit $1.56B vs $16B Expected
- Crude Inventory Climbs 5.5 Million Barrels
- Crude Inventory Climbs 5.5 Million Barrels
Equity Offerings
- Remark Holdings (MARK) Announces 20M Share Offering by Selling Stockholders
- EnLink Midstream (ENLC) Announces Unit Offering
- Autolus Therapeutics (AUTL) Files Mixed Shelf
FDA
- Autolus Therapeutics (AUTL) Enters License and Option Agreement with BioNTech SE (BNTX)
- Genenta Science (GNTA) Demonstrates Reprogramming of the Tumor Microenvironment in GBM Patients
- Protagonist Therapeutics (PTGX) Reports Publication of Efficacy and Safety Data of Targeted Oral Peptide JNJ-2113
Fed
- Fed balance sheet draw down going well - NY Fed staffer
- Fed's Collins says rate cut could come later this year
- Fed's Kugler 'optimistic' on inflation, but says more 'confidence' needed
Globe Newswire
- Flash News: OKX Wallet Now Integrated with BounceBit, a Native BTC Staking Chain
- Simpson Associates become the key delivery partner for newly launched TOEX Capabilities Environment
- NVIDIA H100 GPU cloud contract signed with AI company, poolside
Guidance
- Axalta Coating Systems (AXTA) Misses Q4 EPS by 1c; offers guidance
- Haemonetics (HAE) Tops Q3 EPS by 10c; raises guidance
- Confluent (CFLT) stock surges 25% on strong 2024 guidance; Analysts bullish
Hedge Funds
- Ackman exits Lowe's after bet earned $1.3 billion for Pershing Square funds
- Kohl’s (KSS) jumps amid hedge fund’s push for a sale
- Vision One Management Partners Pushes Kohl's (KSS) To Explore A Sale -sources - Reuters
Insiders' Blog
- 7 Things to Know About Allbirds' (BIRD) Upcoming $2 Billion IPO
- HireRight (HRT) IPO: 9 Things to Know About the Upcoming Offering
- Udemy (UDMY) IPO: 7 Things to Know About Upcoming $4 Billion IPO
IPOs
- Zhibao Technology (ZBAO) Announces 1.2M Share IPO at $4-$6/sh
- Perfect Moment (PMNT) Prices 1.33M Share IPO at $6/sh
- Kyverna Therapeutics (KYTX) Prices Upsized 14.5M Share IPO at $22/sh
Market Check
- Futures fall as Intel forecast hurts chip stocks; inflation data eyed
- Futures dip, Intel's disappointing outlook, PCE ahead - what's moving markets
- US stock futures slip on weak Intel guidance; PCE data due
Mergers and Acquisitions
- Hollysys Automation (HOLI) Announces Shareholder Approval of Merger Agreement with Ascendent
- Walgreens Boots Alliance (WBA) Sells $992M of Cencora (COR) Shares
- QSAM Biosciences (QSAM) Acquired by Telix
New Coverage
- Jefferies Starts Tempest Therapeutics (TPST) at Buy (correction)
- Guggenheim Starts Nextracker Inc (NXT) at Buy
- Jefferies Starts Tempest Therapeutics (TPST) at Buy (correction)
Newsfile
- DLP Resources Confirms Extension of Copper, Silver and Molybdenum Mineralization to NE of Aurora Drilling with Values of up to 2.25% Cu and 195g/t Ag and 182ppm Mo in Rock Samples
- Snow Lake Expands Its Lithium Portfolio with Mineral Claims near Kenora, Ontario
- Inca One Reports the Highest Level of Monthly Processing in 2023
Press Releases
- Flash News: OKX Wallet Now Integrated with BounceBit, a Native BTC Staking Chain
- Total by Verizon Releases Full Campaign Ad to Air on Univision Broadcast of the Big Game
- Dole plc Schedules Fourth Quarter and Full Year 2023 Earnings Release
Private Company News
- Kore.ai secures $150 million in funding with participation from NVIDIA (NVDA)
- These 2 private companies are valued above $100bn, but another is fast approaching
- ByteDance sales surged above $110 billion in 2023 - Bloomberg News
PRNewswire
- AeroBand's New Releases Shine at NAMM Show 2024, Garnering Rapid Popularity
- Beacon AI Signs Contract with United States Air Force to Provide AI Solutions
- Spending Causes Conflict in a Third of Romantic Relationships, 35 Percent of Americans Admit They Lie to Their Partner About Money - BMO Survey
Reuters
- French far-right party joins Meloni's European group in pre-poll shift
- Albania delays ratification of migrant deal with Italy
- Futures struggle for direction ahead of earnings, economic data
SPAC
- Alps Global Holding Berhad To Become Publicly Traded Through Proposed Merger With Globalink Investment Inc. (GLLI)
- Psyence Biomedical (PSYG) Approved to List on Nasdaq following Completion of Merger with Newcourt Acquisition Corp
- US SEC set to require more transparency from 'blank check' companies
