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SUGP

SU Group shares have resumed trading. There is no additional context provided regarding the reasons for the trading halt or the implications of the resumption.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:51 pm

MAT

Stifel analyst Drew Crum has maintained a Buy rating on Mattel (NASDAQ:MAT) but has reduced the price target from $26 to $23 as reported on January 23, 2024.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:49 pm

NFLX

BMO Capital analyst Brian Pitz has maintained an Outperform rating on Netflix (NASDAQ:NFLX) and increased the price target from $566 to $638.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:49 pm

EDU

New Oriental Education & Technology Group, Inc. (NYSE:EDU) reported Q2 revenue of $869.60 million, a 36.3% increase year over year, surpassing analyst expectations of $814.07 million. The growth was attributed to new business initiatives and e-commerce. Adjusted net income per ADS was $0.29, matching consensus. Operating income turned positive at $21.3 million, and non-GAAP operating margin improved to 5.9%. The company expanded its number of schools and learning centers and saw strong growth in overseas test preparation and consulting businesses. Operating cash flow was positive at $300.6 million, with cash reserves totaling $4.8 billion. The Q3 revenue outlook is set between $1.071 billion and $1.093 billion, well above the analyst consensus of $935.92 million. EDU shares rose 7.7% to $77.57.

Portfolio Pulse from Nabaparna Bhattacharya

January 24, 2024 | 3:49 pm

SUGP

Shares of SU Group were halted due to a circuit breaker being triggered as the stock price moved sharply to the downside. This mechanism is designed to prevent free-falls in stock prices by temporarily stopping trading.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:48 pm

JL

Shares of J-Long Group were halted due to a circuit breaker being triggered as a result of a rapid increase in the stock price. This mechanism is designed to prevent excessive volatility and provide a cooling-off period for investors.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:48 pm

MNRO

Monro, Inc. (MNRO) shares have risen following the announcement of their third-quarter financial results. The positive market reaction suggests that the results were better than expected, leading to increased investor confidence in the company's performance.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:47 pm

JL

J-Long Group has opened for trading after pricing its IPO at $5 per share, with an offering of 1.4 million shares.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:47 pm

WBS

Webster Financial's stock (WBS) is trading higher after the company reported earnings on Tuesday. The positive movement continued following an upgrade to Overweight by JP Morgan on Wednesday.

Portfolio Pulse from Benzinga Newsdesk

January 24, 2024 | 3:46 pm

LMT

Lockheed Martin Corp (LMT) reported Q4 earnings with an 8.82% earnings surprise and a 5.03% revenue surprise, reaching a record backlog of $160.6 billion and sales of $67.6 billion. However, potential delays in F-35 jet deliveries due to software issues caused LMT stock to drop by 3.9%. Despite this, a Golden Cross technical signal suggests bullish sentiment, and analysts from Morgan Stanley, JPMorgan, and Citigroup have set target prices of $510, $481, and $540, respectively.

Portfolio Pulse from Surbhi Jain

January 24, 2024 | 3:46 pm