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JBL

Jabil Inc (NYSE: JBL) reported a Q4 earnings beat with revenue of $6.96 billion and an EPS of $2.30, both surpassing analyst expectations. Despite a decline in revenue for its segments, the company announced a $1 billion share buyback and provided FY25 guidance. JBL stock rose 8.88% premarket.

Portfolio Pulse from Anusuya Lahiri

September 26, 2024 | 12:32 pm

SPY

The latest report on initial jobless claims in the USA shows a decrease to 218,000, which is below the estimated 224,000 and the previous 222,000. This indicates a stronger labor market than expected.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:30 pm

SPY

The USA Core Durable Goods Orders for August increased by 0.5%, surpassing the estimated 0.1% and improving from the previous -0.1%.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:30 pm

SPY

The USA Durable Goods Orders for August remained flat at 0.0%, which is better than the estimated decline of -2.8%, but significantly lower than the previous month's 9.9% increase.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:30 pm

SPY

The US GDP for Q2 grew by 3% quarter-over-quarter, matching the estimated growth rate. This indicates a stable economic environment, which could influence market sentiment positively.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:30 pm

AAPL

AMZN

BABA

WMT

Alibaba is investing $5.7 billion to support merchants on Taobao and Tmall during the Singles' Day shopping festival. This move follows similar strategies by Amazon and Walmart. Alibaba's stock has risen due to China's economic measures, including a rate cut.

Portfolio Pulse from Anusuya Lahiri

September 26, 2024 | 12:26 pm

COST

Costco Wholesale Corporation (NASDAQ:COST) is set to release its Q4 earnings, with expectations of $5.08 per share, up from $4.86 last year. Revenue is projected at $79.97 billion. Truist Securities downgraded Costco from Buy to Hold, maintaining a price target of $873. Costco's dividend yield is 0.51%, translating to a quarterly dividend of $1.16 per share. To earn $500 monthly from dividends, an investor would need approximately 1,293 shares, equating to $1,174,587. The stock closed at $908.42, up 0.8%.

Portfolio Pulse from Avi Kapoor

September 26, 2024 | 12:24 pm

TFFP

TFF Pharmaceuticals shares rise following the publication of preclinical data in the Journal of Drug Delivery Science and Technology.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:21 pm

JNVR

Janover shares rise following the launch of new AI tools for its Insurtech subsidiary, indicating potential growth and innovation in the company's offerings.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:20 pm

EIS

ISRA

The Israeli military is conducting precise strikes in Beirut, which could impact geopolitical stability and market sentiment.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 12:20 pm