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BRC

Brady Corporation has provided its financial guidance for FY25, expecting adjusted EPS to range from $4.40 to $4.70, surpassing the $4.42 estimate. The company anticipates GAAP earnings per share to increase by 2.0% to 9.3% compared to the previous year. The guidance includes a 20% tax rate and capital expenditures of $35 million.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 11:08 am

ABM

ABM Industries has raised its fiscal year 2024 adjusted EPS outlook to a range of $3.48 to $3.55, up from the previous range of $3.40 to $3.50. This new guidance is slightly above the analyst estimate of $3.47.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 11:02 am

DIA

QQQ

SPY

USO

UUP

Global markets experienced declines with U.S. indices mixed, as investors await key jobs data. The S&P 500 and Dow fell, while the Nasdaq rose slightly. Oil prices remained under pressure, and the U.S. dollar weakened. Asian and European markets also saw declines.

Portfolio Pulse from Akanksha Bakshi

September 06, 2024 | 10:48 am

MTAL

Metals Acquisition will be added to the S&P Dow Jones Indices ASX 300 Index effective Monday, September 23, before the open of trading on the Australian Securities Exchange.

Portfolio Pulse from Nabaparna Bhattacharya

September 06, 2024 | 10:32 am

AMD

ARM

BRCM

MRVL

NVDA

QCOM

SMCI

SOXX

TSM

TXN

Nvidia, Super Micro, and Arm stocks fell in premarket trading, influenced by Broadcom's disappointing revenue guidance. The semiconductor sector is experiencing a downturn, with many stocks in the red due to high expectations and a flight to safety ahead of the U.S. payrolls report.

Portfolio Pulse from Shanthi Rexaline

September 06, 2024 | 10:25 am

AVGO

QQQ

SPY

US stocks are set for a decline amid anxiety over upcoming jobs data, with the VIX index surging. Broadcom's soft guidance is impacting its stock and peers. The SPDR S&P 500 ETF and Invesco QQQ ETF are also down in premarket trading.

Portfolio Pulse from Shanthi Rexaline

September 06, 2024 | 10:04 am

AGX

AVGO

WHLR

Argan, Inc. (NYSE:AGX) shares surged 18.4% in pre-market trading after reporting better-than-expected Q2 earnings and sales. Other notable pre-market movers include Broadcom Inc. (NASDAQ:AVGO), which fell 9.4% despite strong Q3 results, and Wheeler Real Estate Investment Trust, Inc. (NASDAQ:WHLR), which gained 175.8%.

Portfolio Pulse from Avi Kapoor

September 06, 2024 | 9:41 am

CRM

Salesforce CEO Marc Benioff announced a strategic pivot towards autonomous AI agents, named Agentforce, to maintain competitiveness in the AI era. This move responds to a critical blog post by Andreessen Horowitz and aims to automate customer service tasks. Salesforce is testing Agentforce with companies like Wiley and Open Table, and Benioff remains optimistic about the company's AI-driven transformation.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 9:39 am

GSK

GSK's Phase 3 trial of Nucala (Mepolizumab) successfully met its primary endpoint, demonstrating a significant reduction in moderate/severe exacerbations in COPD patients compared to placebo.

Portfolio Pulse from Benzinga Newsdesk

September 06, 2024 | 9:31 am

AMD

INTC

NVDA

Intel is considering major strategic changes to improve its position in the AI chip market, where it lags behind Nvidia and AMD. CEO Pat Gelsinger faces pressure to enhance Intel's AI strategy amid declining market value and executive challenges.

Portfolio Pulse from Benzinga Neuro

September 06, 2024 | 9:25 am