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TSN

Tyson Foods (NYSE:TSN) reported Q1 adjusted EPS of $0.69, surpassing the $0.41 estimate, and sales of $13.32B, exceeding the $13.27B estimate. This represents a 18.82% decrease in EPS and a 0.44% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:30 pm

BA

Boeing shares are trading lower due to the discovery of new quality defects in its 737 MAX airplanes.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:28 pm

APD

CAT

QQQ

SPY

U.S. stock futures dipped in Monday's premarket as Federal Reserve Chair Jerome Powell maintained a hawkish stance in a '60 Minutes' interview, emphasizing caution towards rate cuts. This stance, combined with an earnings-heavy week, has introduced caution among traders. Last week, mixed earnings reports from major companies like Alphabet, Apple, Amazon, and Meta influenced market movements, with the Dow Industrials and S&P 500 hitting fresh records. SPDR S&P 500 ETF Trust (SPY) and Invesco QQQ ETF (QQQ) saw premarket movements. Companies like Caterpillar Inc. (CAT) and Air Products and Chemicals, Inc. (APD) showed significant premarket price changes following their earnings reports.

Portfolio Pulse from Shanthi Rexaline

February 05, 2024 | 12:26 pm

EVBG

Trading status for EVBG was updated at 7:25:00 AM ET, indicating a resumption of quotations, news, and trading times.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:25 pm

CANO

Cano Health Inc (NASDAQ:CANO) has entered a Restructuring Support Agreement with its lenders, initiating Chapter 11 proceedings to reduce debt. The company secured $150 million in new financing to support operations during restructuring. CEO Mark Kent highlighted the company's focus on core businesses and expected annualized cost reductions of $290 million by end of 2024. Cano Health aims to emerge from restructuring in Q2 2024, with plans for debt conversion and exploring strategic partnerships or sale. CANO stock dropped 51.30% to $1.12 in premarket trading.

Portfolio Pulse from Vandana Singh

February 05, 2024 | 12:03 pm

MCD

McDonald's reported a 3.4% increase in global comparable sales for Q4, indicating a positive performance trend.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:03 pm

MCD

McDonald's reported Q4 2023 adjusted earnings per share (EPS) of $2.95, surpassing the analyst consensus estimate of $2.82 by 4.61%. However, their quarterly sales of $6.41 billion fell short of the expected $6.45 billion by 0.68%, despite being an 8.09% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

February 05, 2024 | 12:01 pm

MAT

Mattel (NASDAQ:MAT) received mixed analyst ratings with a shift towards a more neutral stance over the last quarter. Four analysts provided ratings, with a consensus moving from bullish to predominantly indifferent. The average 12-month price target was adjusted to $20.25, down from $24.67, indicating a negative sentiment shift. Analysts from JP Morgan, Stifel, Morgan Stanley, and Roth MKM adjusted their price targets and ratings, reflecting concerns over Mattel's market position despite its strong financial indicators such as revenue growth, net margin, and ROE.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 12:01 pm

SNCY

Sun Country Airlines (NASDAQ:SNCY) has been evaluated by 4 analysts over the last three months, showing a mix of opinions. The average 12-month price target is $18.75, a 7.77% decline from the previous target. Recent analyst actions include adjustments to ratings and price targets by Barclays, Susquehanna, and Morgan Stanley. Sun Country Airlines operates low-cost air carriers with a focus on passenger and cargo segments. Despite a -1.34% decline in revenue growth and a below-average market capitalization, the company has strong net margin, ROE, and ROA, indicating effective cost control and financial health.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 12:00 pm

TJX

Analysts have provided mixed evaluations of TJX Companies (NYSE:TJX) with a recent shift towards a more neutral stance. The average 12-month price target has been raised to $98.5, indicating a positive outlook. TJX's financial performance is strong, with significant revenue growth, high net margin, and efficient asset management. The company's market capitalization and financial metrics surpass industry averages, reflecting its robust market position and financial health.

Portfolio Pulse from Benzinga Insights

February 05, 2024 | 12:00 pm