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Dow futures indicate a lower market opening, influenced by Boeing's (NYSE:BA) 737 MAX 9 jets grounding after an accident, affecting airline stocks. Traders are cautious ahead of inflation reports and bank earnings. U.S. stocks retreated last week, with tech and small-cap stocks dragging indices down after a nine-week rally. Analysts predict volatility but suggest solid fundamentals may limit damage. SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ ETF (NASDAQ:QQQ) saw slight premarket declines. Boeing shares dropped over 8%, and Spirit AeroSystems Holdings, Inc. (NYSE:SPR) fell nearly 20% due to its connection to the Boeing incident. Helen of Troy Limited (NASDAQ:HELE) is set to release earnings. Oil prices recoiled, and Bitcoin (CRYPTO:BTC) remained positive.

Portfolio Pulse from Shanthi Rexaline

January 08, 2024 | 12:26 pm

CTRN

Citi Trends reported a slight decrease in comparable store sales of 0.3% for the quarter-to-date period ending January 6, 2024. Despite this, the company has reaffirmed its 2023 guidance, including an expected year-end cash balance of $80M-$90M. Total sales for the quarter-to-date were $179.5 million, a slight decrease from $181.9 million in the same period the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:24 pm

FWRG

First Watch Restaurant Group reported preliminary Q4 same-restaurant sales growth of 5% year-over-year and a significant increase of 35.2% from 2019 levels.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:22 pm

AZN

CGEN

Compugen will receive a $10M milestone payment as AstraZeneca begins Phase 3 trials of Rilvegostomig for Biliary Tract Cancer, following the dosing of the first patient.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:21 pm

IONS

Ionis Pharmaceuticals presented its 2023 achievements and anticipated milestones for 2024 at the 42nd Annual J.P. Morgan Healthcare Conference. The company's progress and future plans are likely to influence investor sentiment and the valuation of its stock.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:13 pm

TAST

Carrols Restaurant Group, Inc. (NASDAQ:TAST) reported Q4 restaurant sales growth of 5.7% YoY, reaching $470.4M. Burger King and Popeyes, part of Carrols' portfolio, saw comparable sales growth of 7.2% and 7.6% YoY, respectively. Full-year sales rose 8.4% to $1.88B, with Burger King and Popeyes comparable sales up 9.3% and 10.1%. The company expects Q4 adjusted EBITDA to be at or slightly above the high end of the $28M-$32M range, with full-year adjusted EBITDA also at the high end or above the $145M-$149M range.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:13 pm

TVTX

Travere Therapeutics reported receiving 459 new patient start forms for Filspari (Sparsentan) in Q4 2023. Preliminary net product sales for Filspari reached $15M in Q4 and totaled $30M since its commercial launch in February 2023.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:10 pm

TVTX

Travere Therapeutics forecasts Q4 FY23 net product sales from continuing operations to be around $40M, with an estimated $128M for the full fiscal year 2023.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:10 pm

FIVE

Five Below, Inc. reported a 15.6% increase in holiday sales, reaching $1.16 billion, and expects Q4 results to be in the upper range of its guidance ($1.32B-$1.35B in sales and $3.64-$3.80 in EPS). The company saw a 3.6% increase in comparable sales during the holiday period and is reiterating its EPS outlook. Five Below opened a record 204 net new stores in fiscal 2023 and is focusing on its Triple-Double strategy for further growth.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:09 pm

CROX

Crocs Inc. forecasts a revenue growth of 3% to 5% for 2024 over 2023, with the Crocs brand expected to grow 4% to 6% and the HEYDUDE brand projected to be flat to slightly up.

Portfolio Pulse from Benzinga Newsdesk

January 08, 2024 | 12:04 pm