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GLD

QQQ

SPY

On February 5th, U.S. stock markets closed lower after Federal Reserve Chair Jerome Powell dismissed rumors of rate cuts. The ISM services PMI in the U.S. for January exceeded expectations. Technology and healthcare sectors saw gains, while materials, utilities, and real estate sectors faced losses. Major U.S. indices, including the Dow Jones, S&P 500, and Nasdaq, all closed in the red. Asian markets had mixed results with significant gains in China and losses in Japan and Australia. European markets showed modest movements. Commodities saw mixed trading with slight increases in crude oil and natural gas, while gold and silver declined.

Portfolio Pulse from Akanksha Bakshi

February 06, 2024 | 11:53 am

WAT

Waters Corporation (NYSE:WAT) reported Q4 adjusted earnings of $3.62 per share, surpassing the consensus estimate of $3.55, and sales of $819.47M, also beating the estimate of $815.03M. However, both earnings and sales saw a decrease compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 11:51 am

J

Jacobs Solutions (NYSE:J) reported Q1 adjusted EPS of $2.02, surpassing the $1.51 estimate, a 33.77% beat. Sales reached $4.20B, exceeding the $3.70B estimate by 12.41%, marking a 9.48% increase from last year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 11:50 am

LLY

Eli Lilly has projected its 2024 sales guidance to be between $40.4 billion and $41.6 billion, surpassing the consensus estimate of $39.14 billion. This indicates a positive outlook for the company's financial performance in the upcoming year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 11:49 am

CEIX

CONSOL Energy (NYSE:CEIX) reported Q4 GAAP EPS of $5.05, surpassing the $4.89 estimate, and sales of $649.44M, exceeding the $608.90M estimate. This represents a slight decrease in earnings but an increase in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 11:47 am

COHR

Coherent Corp. (NYSE:COHR) shares rose in premarket trading after surpassing Wall Street's second-quarter sales and EPS estimates. The company reported sales of $1.131 billion and an adjusted EPS of $0.36, both exceeding expectations. Despite a decline in non-GAAP gross profit and margins, Coherent enjoyed solid orders for AI/ML-related Datacom transceivers and is progressing towards the launch of 1.6T transceivers. The company also revised its fiscal year 2024 revenue and EPS outlook upwards.

Portfolio Pulse from Nabaparna Bhattacharya

February 06, 2024 | 11:43 am

LEA

Lear Corporation projects its FY24 net sales to be in the range of $24B-$24.6B, aligning closely with the market estimate of $24.38B.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 11:31 am

LEA

Lear Corporation (LEA) reported Q4 2023 adjusted earnings per share (EPS) of $3.03, missing the consensus estimate of $3.12 by 2.88%. However, its quarterly sales of $5.84 billion exceeded the consensus estimate of $5.74 billion by 1.83%, marking an 8.76% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 06, 2024 | 11:30 am

AAPL

ARM

CRUS

QCOM

Arm Holdings Plc. (NASDAQ:ARM) is expected to report strong December quarter earnings, driven by sustained Android demand. KeyBanc Capital Markets highlights the company's potential gains from Android phone makers' strength. Despite Samsung's (OTCPK: SSNLF) loss to Apple (NASDAQ:AAPL) in the smartphone market, Arm's AI-focused launches and the demand for Android devices are positive indicators. Qualcomm Inc. (NASDAQ:QCOM) is also in focus with its Snapdragon 8 Gen 3 chipset powering new flagship Android phones. Meanwhile, Apple faces challenges in China, impacting its supplier Cirrus Logic Inc. (NASDAQ:CRUS) due to a slowdown and competition from Huawei.

Portfolio Pulse from Rounak Jain

February 06, 2024 | 11:29 am

BP

IBDRY

BP PLC shares surged after reporting Q4 FY23 results, with sales at $52.14 billion, missing consensus but beating EPS expectations. The company announced a dividend, completed a $1.5 billion share buyback, and plans further buybacks. BP also formed a joint venture with Iberdrola SA for EV charging in Spain and Portugal. BP expects higher upstream production in FY24 and maintains a capital expenditure target of around $16 billion per annum.

Portfolio Pulse from Lekha Gupta

February 06, 2024 | 11:28 am