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AGFY

AMSC

AULT

NEOV

NVVE

PLUG

POLA

POWL

RHI

ROK

SIDU

SRFM

In Wednesday's pre-market session, several industrial stocks showed significant movement. NeoVolta, Powell Industries, Agrify, Surf Air Mobility, Plug Power, and Sidus Space were among the gainers, with NeoVolta leading at a 34.5% increase. Conversely, Nuvve Holding, American Superconductor, Polar Power, Ault Alliance, Robert Half, and Rockwell Automation experienced declines, with Nuvve Holding dropping the most at 31.1%. Notably, Powell Industries, Robert Half, and Rockwell Automation had recent earnings reports that may have influenced their stock movements.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 1:05 pm

EXTR

MANH

MARK

MINM

SMSI

TER

ZFOX

In Wednesday's pre-market session, several IT stocks showed significant movement. Minim, Smith Micro Software, ZeroFox Holdings, Manhattan Associates, Pixelworks, and Presto Automation experienced gains, with Manhattan Associates reporting Q4 earnings. Conversely, Remark Holdings, Extreme Networks, SMX, Crexendo, Oblong, and Teradyne saw declines, with Extreme Networks and Teradyne releasing their Q2 and Q4 earnings respectively.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 1:05 pm

GDDY

Starboard Value LP, an activist investment firm, has taken a position in GoDaddy Inc., believing the company is undervalued and has significant potential for shareholder value creation. Starboard's involvement could lead to strategic changes aimed at boosting GoDaddy's stock performance.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:04 pm

WINT

Windtree Therapeutics has engaged a strategic advisor to explore strategic alternatives to enhance shareholder value. This could include a sale, merger, divestiture, or other business combination. The company has not set a timeline for this process and there is no assurance that this will result in any specific action.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:04 pm

AVT

Avnet (NASDAQ:AVT) reported Q2 adjusted EPS of $1.40, meeting analyst estimates, but marking a 30% decrease from $2.00 per share last year. Sales reached $6.21B, slightly beating estimates of $6.16B but showing a 7.64% decrease from $6.72B in the previous year.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:03 pm

CVRX

CVRx has announced the appointment of Kevin Hykes as its new President and CEO, effective February 12. The current CEO, Nadim Yared, is set to retire and will also resign from his position on the Board of Directors. Hykes will maintain his role on the Board of Directors after assuming his new position.

Portfolio Pulse from Benzinga Newsdesk

January 31, 2024 | 1:02 pm

AAPL

AMZN

PYPL

PayPal Holdings, Inc (NASDAQ:PYPL) is reducing its workforce by 9%, affecting around 2,500 employees. CEO Alex Chriss, who joined in September, is driving changes for greater efficiency and focus, including automation and reduced complexity. Despite launching new AI-driven products and features, PayPal faces competition from Apple Inc (NASDAQ:AAPL) and others. The company's stock dipped slightly in premarket trading. Block Inc (NYSE:SQ) is also cutting staff, while Amazon.com Inc (NASDAQ:AMZN) stopped using Venmo for payments.

Portfolio Pulse from Anusuya Lahiri

January 31, 2024 | 1:01 pm

HESM

Hess Midstream (NYSE:HESM) reported Q4 GAAP earnings per share (EPS) of $0.55, missing the consensus estimate of $0.63 by 12.7%. Sales for the quarter were $356.50 million, slightly below the estimate of $358.86 million. Despite the miss, both EPS and sales showed an increase from the same period last year, with EPS up 12.24% and sales up 13.32%.

Portfolio Pulse from saritha@benzinga.com

January 31, 2024 | 1:01 pm

TTGT

TechTarget (NASDAQ:TTGT) received mixed ratings from 7 analysts, with 3 bullish and 4 somewhat bullish ratings. The average 12-month price target is $44.14, up 17.71% from the previous $37.50. Analysts from UBS, Keybanc, Raymond James, and Needham have adjusted their price targets and ratings, reflecting their views on the company's market performance. TechTarget's financial performance shows challenges with a revenue decline of -26.2%, below-average net margin, ROE, and ROA, and a high debt-to-equity ratio of 2.06.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 1:00 pm

CARR

HON

Honeywell International Inc. (HON) is set to release Q4 earnings on Feb. 1, 2024, with expected earnings of $2.59 per share and projected revenue of $9.7 billion. The company has a dividend yield of 2.10% and recently agreed to acquire Carrier Global Corporation's Global Access Solutions business for $4.95 billion. Honeywell's stock closed up 1.4% at $205.90.

Portfolio Pulse from Avi Kapoor

January 31, 2024 | 12:57 pm