Author: Avi Kapoor

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining by more than 350 points on Friday.

The Dow traded up 0.82% to 44,228.50 while the NASDAQ rose 0.14% to 18,998.27. The S&P 500 also rose, gaining, 0.31% to 5,966.91.

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Leading and Lagging Sectors

Consumer staples shares rose by 1.5% on Friday.

In trading on Friday, communication services shares fell by 0.6%.

Top Headline

Shares of Intuit Inc (NASDAQ:INTU) fell over 5% on Friday after the company reported upbeat results for its first-quarter results, but issued weak forecast for the current quarter.

The company reported quarterly earnings of $2.50 per share, which beat the analyst consensus estimate of $2.35 per share. Quarterly revenue came in at $3.28 billion which beat the consensus estimate of $3.14 billion

Equities Trading UP
                       

• Elastic N.V. (NYSE:ESTC) shares shot up 16% to $109.17 after the company reported better-than-expected second-quarter financial results and issued FY25 guidance above estimates.
• Shares of Matthews International Corporation (NASDAQ:MATW) got a boost, surging 19% to $30.26 following upbeat earnings.
• Replimune Group, Inc. (NASDAQ:REPL) shares were also up, gaining 45% to $16.00 after the company on Thursday announced it received breakthrough therapy designation status for RP1 and will submit an RP1 biologics license application to the FDA under an accelerated approval pathway.

Equities Trading DOWN

• Autonomix Medical, Inc. (NASDAQ:AMIX) shares dropped 55% to $6.11 after the company announced the pricing of a $9 million underwritten public offering.
• Shares of Aptose Biosciences Inc. (NASDAQ:APTO) were down 43% to $0.1390 after the company announced the pricing of an $8 million public offering.
• Cemtrex, Inc. (NASDAQ:CETX) was down, falling 41% to $0.1164 after the company announced its board approved a 1-for-35 reverse stock split.

Commodities

In commodity news, oil traded up 1.5% to $71.16 while gold traded up 1.1% at $2,704.00.

Silver traded up 1.1% to $31.275 on Friday, while copper fell 0.8% to $4.0940.

Euro zone

European shares were higher today. The eurozone’s STOXX 600 rose 1.12%, Germany’s DAX gained 0.77% and France’s CAC 40 rose 0.46%. Spain’s IBEX 35 Index rose 0.16%, while London’s FTSE 100 gained 1.35%.

The S&P Global UK composite PMI declined to 49.9 in November versus 51.8 in the previous month, while Eurozone composite PMI dipped to 48.1 in November from 50 in the prior month.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan’s Nikkei 225 gaining 0.68%, Hong Kong’s Hang Seng Index falling 1.89%, China’s Shanghai Composite Index dipping 3.06% and India’s BSE Sensex gaining 2.54%.

Economics

• The S&P Global US Services PMI climbed to 57 in November versus 55 in the previous month, while manufacturing PMI increased to 48.8 in November from 48.5 in the previous month.
• The University of Michigan consumer sentiment for the US fell to 71.8 in November versus a preliminary reading of 73.
• The year-ahead inflation expectations in the U.S fell to 2.6% in November from 2.7% in October.

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On Tuesday’s CNBC “Halftime Report Final Trades,” Josh Brown of Ritholtz Wealth Management named Nasdaq, Inc. (NASDAQ:NDAQ) as his final trade.

On Oct. 25, Nasdaq reported third-quarter revenue growth of 22% year-on-year to $1.15 billion, missing the analyst consensus estimate of $1.17 billion. The financial services company reported an adjusted EPS of 74 cents, which beat the analyst consensus estimate of 69 cents.

Jason Snipe of Odyssey Capital Advisors said D.R. Horton, Inc. (NYSE:DHI) is down 17% and he likes this entry point.

On Oct. 29, D.R. Horton reported fourth-quarter results. Sales fell 5% year-over-year to $10.0 billion, missing the consensus of $10.2 billion. Net sales orders increased 1% to 19,035 homes and decreased 2% in value at $7.1 billion.

Don’t forget to check out our premarket coverage here

Jim Lebenthal of Cerity Partners picked iShares Core S&P Small-Cap ETF (NYSE:IJR).

Stephanie Link of Hightower Advisors said CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is still down 10% from its highs.

CrowdStrike will release financial results for its fiscal third quarter 2025 ended Oct. 31, after the closing bell on Tuesday, Nov. 26. Analysts expect the company to report quarterly earnings of 81 cents per share on revenue of $983.05 million.

Price Action:

• Nasdaq shares gained 0.5% to close at $80.16 on Tuesday.
• D.R. Horton shares gained by 0.5% to settle at $162.30 during Tuesday’s session.
• iShares Core S&P Small-Cap ETF gained by 0.2% during Tuesday’s session.
• CrowdStrike shares gained by 3% to settle at $353.29.

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Image created using artificial intelligence via Midjourney.

U.S. stock futures were mixed this morning, with the Dow futures falling more than 100 points on Monday.

Shares of Neurogene Inc. (NASDAQ:NGNE) fell sharply in today’s pre-market trading after the company announced it brought its high-dose gene therapy trial to a halt after a serious adverse event in a Rett syndrome patient.

Neurogene shares declined 37.7% to $21.50 in the pre-market trading session.

Here are some other stocks moving lower in pre-market trading.

• Rezolve AI Limited (NASDAQ:RZLV) shares tumbled 16.1% to $2.29 in pre-market trading after dipping over 20% on Friday.
• Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares dipped 12.3% to $4.43 in pre-market trading after gaining around 9% on Friday. Kingsoft Cloud will release its unaudited financial results for the third quarter before the opening bell on Nov. 19.
• Luminar Technologies, Inc. (NASDAQ:LAZR) tumbled 9.3% to $0.8890 in today’s pre-market trading after declining around 5% on Friday.
• Omeros Corporation (NASDAQ:OMER) shares fell 7% to $6.28 in pre-market trading.
• CompoSecure, Inc. (NASDAQ:CMPO) shares declined 5.9% to $13.00 in pre-market trading.
• Amgen Inc. (NASDAQ:AMGN) shares fell 5.4% to $266.21 in pre-market trading following a 4% decline on Friday.
• Intuitive Machines, Inc. (NASDAQ:LUNR) shares fell 5% to $11.80 in pre-market trading after jumping 21% on Friday.
• ProQR Therapeutics N.V. (NASDAQ:PRQR) shares fell 4% to $3.67 in pre-market trading.
• NVIDIA Corporation (NASDAQ:NVDA) shares fell 2.4% to $138.51 in pre-market trading after declining more than 3% on Friday.

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Twist Bioscience Corporation (NASDAQ:TWST) will release earnings results for its fourth quarter, before the opening bell on Monday, Nov. 18.

Analysts expect the South San Francisco, California-based bank to report a quarterly loss at 69 cents per share, versus a year-ago loss of 75 cents per share. Twist Bioscience projects to report revenue of $82.66 million for the recent quarter, compared to $66.95 million a year earlier, according to data from Benzinga Pro.

On Oct. 22, Twist Bioscience entered into royalty purchase agreement with xOMA Royalty for $15 million in cash.

Twist Bioscience shares fell 5.3% to close at $36.89 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Tycho Peterson maintained an Underweight rating and raised the price target from $28 to $35 on Aug. 5. This analyst has an accuracy rate of 77%.
• Baird analyst Catherine Ramsey maintained an Outperform rating and raised the price target from $40 to $46 on Aug. 5. This analyst has an accuracy rate of 78%.
• Goldman Sachs analyst Matthew Sykes maintained a Buy rating and increased the price target from $45 to $55 on July 9. This analyst has an accuracy rate of 64%.
• TD Cowen analyst Steven Mah maintained a Buy rating and raised the price target from $55 to $65 on June 13. This analyst has an accuracy rate of 64%.

Considering buying TWST stock? Here’s what analysts think:

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

• Canaccord Genuity analyst Richard Close downgraded the rating for Doximity, Inc. (NYSE:DOCS) from Buy to Hold but raised the price target from $40 to $60. Doximity shares closed at $58.05 on Tuesday. See how other analysts view this stock.
• Ladenburg Thalmann analyst Glenn Mattson downgraded SoundHound AI, Inc. (NASDAQ:SOUN) from Buy to Neutral and maintained the price target of $7. SoundHound AI shares closed at $7.56 on Tuesday. See how other analysts view this stock.
• Phillip Securities analyst Jonathan Wolleben downgraded the rating for Spotify Technology S.A. (NYSE:SPOT) from Buy to Accumulate but raised the price target from $420 to $485. Spotify shares closed at $419.39 on Tuesday. See how other analysts view this stock.
• Redburn Atlantic analyst Edward Lewis downgraded Starbucks Corporation (NASDAQ:SBUX) from Neutral to Sell and lowered the price target from $84 to $77. Starbucks shares closed at $98.80 on Tuesday. See how other analysts view this stock.
• Evercore ISI Group analyst David Raso downgraded the rating for Caterpillar Inc. (NYSE:CAT) from In-Line to Underperform but increased the price target from $321 to $365. Caterpillar shares closed at $393.01 on Tuesday. See how other analysts view this stock.

Considering buying CAT stock? Here’s what analysts think:

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Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

• Guggenheim analyst Seamus Fernandez initiated coverage on Cidara Therapeutics, Inc. (NASDAQ:CDTX) with a Buy rating and announced a price target of $33. Cidara Therapeutics shares closed at $13.11 on Thursday. See how other analysts view this stock.
• RBC Capital analyst Leonid Timashev initiated coverage on Cytokinetics, Incorporated (NASDAQ:CYTK) with an Outperform rating and announced a price target of $80. Cytokinetics shares closed at $55.84 on Thursday. See how other analysts view this stock.
• Stephens & Co. analyst Sudan Loganathan initiated coverage on Immunome, Inc. (NASDAQ:IMNM) with an Overweight rating and announced a price target of $30. Immunome shares closed at $12.54 on Thursday. See how other analysts view this stock.
• Jefferies analyst Dennis Ding initiated coverage on Inhibikase Therapeutics, Inc. (NASDAQ:IKT) with a Buy rating and announced a price target of $8. Inhibikase Therapeutics shares closed at $2.78 on Thursday. See how other analysts view this stock.
• UBS analyst Ben Shelley initiated coverage on Flutter Entertainment plc (NYSE:FLUT) with a Buy rating and announced a price target of $306. Flutter Entertainment shares closed at $237.98 on Thursday. See how other analysts view this stock.

Considering buying CYTK stock? Here’s what analysts think:

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On CNBC’s “Mad Money Lightning Round,” Jim Cramer said he likes Broadcom Inc. (NASDAQ:AVGO).

On Tuesday, Broadcom expanded its multi-year partnership with Telia Company to advance Telia’s modernization and transformation of telecom and cloud infrastructure using VMware’s product portfolio.

SkyWater Technology, Inc. (NASDAQ:SKYT) is a “very complicated story” as the company is losing a lot of money, Cramer said.

SkyWater Technology will report its fiscal third-quarter financial results following the close of the market on Thursday, Nov. 7.

IES Holdings, Inc. (NASDAQ:IESC) is a “really good” company, Cramer said. “I think you got a great stock there.”

On Sept. 26, IES Holdings announced the appointment of John Louis Fouts to its Board of Directors.

S&P Global Inc. (NYSE:SPGI) is a buy, the “Mad Money” host said.

On Nov. 1, S&P Global said it has completed the sale of its PrimeOne business to TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions.

Cramer recommended to buy more of Merck & Co., Inc. (NYSE:MRK) shares.

On Oct. 31, Merck reported third-quarter sales of $16.66 billion, up 4% year over year and beating the consensus estimate of $16.47 billion.

Price Action:

• Broadcom shares gained 3.2% to settle at $173.90 on Tuesday.
• SkyWater Technology shares fell 0.3% to close at $9.65 on Tuesday.
• IES Holdings shares gained 3.3% to settle at $246.06 during the session.
• S&P Global gained 0.8% to settle at $489.71 on Tuesday.
• Merck shares fell 0.2% to close at $101.65.

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Image: Shutterstock

As of Nov. 5, 2024, three stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro.

Here’s the latest list of major overbought players in this sector.

Yum China Holdings Inc (NYSE:YUMC)

• On Nov. 4, Yum China reported better-than-expected third-quarter EPS and revenues. Revenue increased 5% year over year to $3.07 billion, beating the consensus of $3.05 billion. Joey Wat, CEO of Yum China, said, “By optimizing our delivery strategy, we have captured more smaller order transactions and gained market share on aggregator platforms. Our breakthrough business models, side-by-side KCOFFEE Cafes and Pizza Hut WOW, enabled us to broaden our addressable market and capture new customer demand, reaching 500 and 150 stores, respectively.” The company’s stock gained around 8% over the past five days and has a 52-week high of $51.68.
• RSI Value: 76.25                              
• YUMC Price Action: Shares of Yum China gained 7.2% to close at $48.30 on Monday.

Trip.com Group Ltd (NASDAQ:TCOM)

• On Nov. 4, Bernstein initiated coverage on the stock with an Outperform rating and announced a price target of $85. The company’s stock gained around 3% over the past five days and has a 52-week high of $69.67.
• RSI Value: 70.45
• TCOM Price Action: Shares of Trip.com gained 3.1% to close at $67.24 on Monday.

Everi Holdings Inc (NYSE:EVRI)

• On July 26, Everi entered an agreement to be acquired by funds managed by Apollo affiliates for $14.25 per share in cash. The company’s stock gained around 1% over the past month and has a 52-week high of $13.40.
• RSI Value: 80.82
• EVRI Price Action: Shares of Everi Holdings fell 0.1% to close at $13.32 on Monday.

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On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying CyberArk Software Ltd. (NASDAQ:CYBR). “That is a terrific situation, I’ve liked it for many, many years,” he added.

On Oct. 29, Cantor Fitzgerald analyst Jonathan Ruykhaver maintained CyberArk Software with an Overweight and raised the price target from $300 to $335.

“Any time I get into self-driving technology,” Cramer said when asked about Aurora Innovation, Inc. (NASDAQ:AUR). “I like to go with Tesla (NASDAQ:TSLA).”

On Oct. 30, Aurora Innovation reported a quarterly loss of 13 cents per share, compared to market estimates of a loss of 13 cents per share.

Cramer recommended buying Costco Wholesale Corporation (NASDAQ:COST).

On Oct. 16, Costco declared a quarterly cash dividend of $1.16 per share.

SharkNinja (NYSE:SN) is a “terrific” company, Cramer said. “If Trump wins, the tariffs are going to be so high that their earnings are just going to be shot. He added, “It is the stock to buy, actually the stock to buy if you think that Harris is going to be the next president of the United States.”

“I have to find out what the heck happened to that quarter,” Cramer said about Huntington Ingalls Industries, Inc. (NYSE:HII).

On Oct. 31, Huntington Ingalls reported worse-than-expected third-quarter financial results. It also revised FY24 revenue outlook and withdrew 5-year free cash flow outlook.

Price Action:

• CyberArk shares fell 0.1% to settle at $276.16 on Friday.
• Aurora Innovation shares jumped 11.8% to close at $5.81 on Friday.
• Costco shares gained 0.5% to settle at $877.31 during the session.
• Huntington Ingalls gained 2.3% to settle at $189.23 on Friday.
• SharkNinja shares fell 3.4% to close at $89.12.

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The most oversold stocks in the energy sector presents an opportunity to buy into undervalued companies.

The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.

Here’s the latest list of major oversold players in this sector, having an RSI near or below 30.

Borr Drilling Ltd (NYSE:BORR)

• On Oct. 25, Borr Drilling announced certain preliminary results for the quarter ended Sept. 30, 2024. The company’s stock fell around 24% over the past month and has a 52-week low of $4.12.
• RSI Value: 26.27                        
• BORR Price Action: Shares of Borr Drilling gained 1.2% to close at $4.19 on Thursday.
• Benzinga Pro’s real-time newsfeed alerted to latest BORR news.

Antero Resources Corp (NYSE:AR)        

• On Oct. 30, Antero Midstream announced third quarter 2024 results and new appointment to the board of directors. Paul Rady, Chairman, CEO and President of Antero Resources commented, “During the third quarter we continued to improve our capital efficiency. Over the last two years, we have reduced the average number of days to drill a well by 20% to just 11 days versus 14 days previously. These meaningful gains result in an efficient maintenance production program that requires just two rigs to maintain 3.3 to 3.4 Bcfe/d of production going forward.” The company’s stock fell around 10% over the past month and has a 52-week low of $20.10.
• RSI Value: 29.22
• AR Price Action: Shares of Antero Resources declined 8.3% to close at $25.88 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in AR shares..

Ecopetrol SA (NYSE:EC)

• Ecopetrol will release third-quarter results on Wednesday, Nov. 13. The company’s stock fell around 15% over the past month and has a 52-week low of $7.62.
• RSI Value: 23.35
• EC Price Action: Shares of Ecopetrol fell 1.4% to close at $7.70 on Thursday.
• Benzinga Pro’s signals feature notified of a potential breakout in EC shares.

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