Dernières nouvelles pour H.B. Fuller (NYSE:FUL) Stock

H.B. Fuller

H.B. Fuller Co manufactures and sells adhesives, sealants, and other chemical-based products. The company organizes itself into three segments: Hygiene, Health and Consumable Adhesives, Engineering Adhesives and Construction Adhesives. It generates the maximum revenue from hygiene, health and consumable adhesives. This segment produces and supplies a full range of specialty industrial adhesives such as thermoplastic, thermoset, reactive, water-based and solvent-based products for applications in various markets, including packaging , converting, nonwoven and hygiene (disposable diapers, feminine care and medical garments) and health and beauty. The company generates around half of its revenue in the United States.

H.B. Fuller Co

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FULLNET COMMUNS INC by FullNet Communications, Inc.

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Citigroup analyst Patrick Cunningham maintains H.B. Fuller (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) with a Neutral and lowers the price target from $85 to $78.

News

Price Target

Analyst Ratings

Citigroup Maintains Neutral on H.B. Fuller, Lowers Price Target to $78

Acquisitions expand company's existing leadership in Medical Adhesive Technologies market segment
H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>), the largest pureplay adhesives company in the world, today announced that it has signed agreements to acquire two leading medical adhesive technology companies: GEM S.r.l. and Medifill Ltd.
Medifill Ltd. is an Irish formulator and producer of medical-grade cyanoacrylate adhesives with a state-of-the-art clean room and manufacturing capabilities. Medifill produces advanced technology that is specifically tailored for the wound closure market. The next-generation formulations enable fast, safe, and effective wound closure.

H.B. Fuller Has Signed Agreements To Acquire Two Medical Adhesive Technology Companies: GEM S.r.l. and Medifill Ltd; When Combined, Expected To Generate 2024 Net Revenue And Adjusted EBITDA Of €23 Million And €11.5 Million, Respectively; No Financial Terms Of Transaction Disclosed

Company Realigns Building and Construction Market Segments into Newly Named Global Business Unit
H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>), the largest pureplay adhesives company in the world, announced today that it will reorganize the building and construction segments of its portfolio to create a faster growing solutions business with a complementary customer base across the architectural and infrastructure markets. The reorganization includes the sale of the Flooring business as well as combining the company's Insulated Glass, Woodworking, and Composite segments, currently part of Engineering Adhesives, with its Roofing and Building Envelope and Infrastructure (BE&amp;I) segments to form a newly named Global Business Unit (GBU): Building Adhesive Solutions (BAS), effective with the start of H.B. Fuller's 2025 fiscal year.
BAS, as combined, generated approximately $850 million in net revenue and approximately $130 million in adjusted EBITDA in fiscal year 2024. BAS features a larger scale GBU designed to capture growth in the burgeoning global infrastructure market, including energy, utilities and data management applications, and capitalize on H.B. Fuller's existing position in the global architectural market. BAS replaces H.B. Fuller's existing Construction Adhesives GBU and will be led by Shahbaz (Boz) Malik, Senior Vice President, BAS.
H.B. Fuller also announced today that it has sold its Flooring business to Pacific Avenue Capital Partners, a leading private equity firm based in Los Angeles, Calif.
"This move is consistent with our strategy to drive our portfolio and capital allocation to the highest margin, fastest growing segments of the $80 billion global adhesives industry," says H.B. Fuller President and CEO Celeste Mastin. "With Pacific Avenue Capital Partners, we have found the right home for our talented Flooring team and brand-recognized products."
Proceeds from the sale are expected to be $80 million, and the divestiture will result in a reduction in annual revenue of approximately $160 million and adjusted EBITDA of approximately $15 million going forward. The acquisition closed on Dec. 2, 2024, the second day of H.B. Fuller's 2025 fiscal year. H.B. Fuller was advised in the sale by Harris Williams, a global investment bank specializing in M&amp;A and private capital advisory services.

Contracts

H.B. Fuller Announces Divestiture Of Flooring Business; Proceeds From The Sale Are Expected To Be $80M, And The Divestiture Will Result In A Reduction In Annual Revenue Of ~$160M And Adjusted EBITDA Of ~$15M Going Forward

JPMorgan has unveiled his latest picks for short positions, flagging three stocks — IMAX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>), ZIM Integrated Shipping Services Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>), and H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>)— as <a href="https://www.benzinga.com/trading-ideas/short-ideas">potential downside plays</a>. 
Each faces unique headwinds, with challenging market dynamics and heightened financial strain.
Here&#8217;s why these stocks are under the microscope for short-sellers.
<h2 class="wp-block-heading">IMAX: The Big Screen, But Smaller Numbers?</h2>
While IMAX has been a leader in high-end cinematic experiences, analyst David Karnovsky is cautious. 
Despite the distinct appeal of IMAX theaters, its global Digital Media Remastering (DMR) business is having a rough year. Karnovsky sees more pain ahead, projecting a 13.4% downside due to a weak 2024 box office outlook and an unclear path for 2025 growth. 
With blockbusters not consistently delivering and a heavy reliance on DMR performance, IMAX's valuation could be ripe for a correction. Trading at 10x its estimated 2024 EBITDA, the stock appears to lack a clear path to blockbuster gains.
Read Also: <a href="https://www.benzinga.com/news/24/11/41801967/top-3-energy-stocks-that-are-ticking-portfolio-bombs">Top 3 Energy Stocks That Are Ticking Portfolio Bombs</a>
<h2 class="wp-block-heading">H.B. Fuller: Sticking With The Wrong Glue?</h2>
H.B. Fuller, a stalwart in adhesives and specialty chemicals, is also facing challenges, according to analyst Jeffrey Zekauskas. 
The company's margins are under pressure amid rising input costs, and its limited cash generation capacity after acquisitions is compounding issues. Fuller trades at 9.6x its 2025 EBITDA estimate, and with a potential price drop of around 6%, the stock doesn't seem to have much room to maneuver. 
Zekauskas sees weak cash flows and pricing pressures as hurdles that may stick with the company well into the future, making it a less-than-attractive hold.
<h2 class="wp-block-heading">ZIM Integrated Shipping: Treading Water With A Heavy Load</h2>
ZIM Integrated Shipping is perhaps the most vulnerable of the trio. With 85% of its volume exposed to spot markets and a significant chunk of its vessels on charters, ZIM is at the mercy of fluctuating container rates. 
Analyst Alexia Dogani sees a whopping 58% downside by 2025 as the company grapples with shrinking EBITDA, rising debt, and heavy capital investments. At 6.1x its 2025 EBITDA and 1.1x book value, the math isn't adding up in ZIM's favor, making it a risky bet for long-term investors.
JPMorgan&#8217;s bearish outlook for IMAX, H.B. Fuller, and ZIM highlights the hurdles these companies face in their respective sectors. From blockbuster inconsistencies to sticky pricing and a sinking shipping market, these companies are navigating challenging waters.
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</ul>
Image created using artificial intelligence via Midjourney.

Analyst Color

Short Sellers

Short Ideas

Trading Ideas

IMAX

JPMorgan Flags IMAX, H.B. Fuller, ZIM As Top Short Picks With Challenges

Management

H.B. Fuller Appoints Terry Rasmussen Chair Of Board Of Directors, Effective January 22, 2025

H. B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) shares are trading lower after the company reported worse-than-expected&nbsp;third-quarter <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b41034261/h-b-fuller-reports-third-quarter-2024-results" rel="noreferrer noopener">results and revised its FY24 guidance downwards.</a>
Net revenue of $917.93 million missed the consensus of $944.3 million. Organic revenue experienced modest growth, with pricing adjustments causing a 2.6% decline and volume contributing a 3.0% increase.
Adjusted gross profit was $279 million, with an adjusted gross profit margin of 30.4%, representing a 40 basis point increase from the previous year.&nbsp;
Gross profit was driven by volume leverage, restructuring savings, and benefits from acquisitions.
Adjusted EBITDA rose 6% Y/Y to $165 million, fueled by volume growth, restructuring savings, and advantages from recent acquisitions, with adjusted EBITDA margin expanded by 70 basis points Y/Y to 18.0%.
Adjusted EPS of $1.13 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missed the consensus of $1.23</a>.
At the end of the third quarter of fiscal 2024, net debt stood at $1.890 billion. The company repurchased 225,000 shares during the quarter.
FY24 Outlook: H.B. Fuller reduced its adjusted EPS forecast to $4.10 &#8211; $4.20 (prior view $4.20&nbsp;to&nbsp;$4.45), <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">compared to the consensus of $4.37</a>.
Also, the company projects net revenue growth of around 2% (prior view: up&nbsp;2%&nbsp;to&nbsp;4%), with organic revenue remaining flat (prior flat to up&nbsp;2%) year-on-year for the year.
H.B. Fuller President and CEO Celeste Mastin said, &#8220;Our volume growth during the quarter was impacted by slowing market demand in certain durable goods markets in EA, and we are adjusting our full year outlook accordingly.&#8221;
&#8221;While this quarter&#8217;s volume growth was at the low end of our expectations, we have a clear and focused strategy and a highly engaged team that is well equipped to execute and drive business success. We remain on track to deliver upon our long-term EBITDA margin and organic growth targets.&#8221;
Price Action: FUL shares are down 6.98% at $75.00 premarket at the last check Thursday.
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Earnings

Equities

Mid Cap

Guidance

Buybacks

Movers

H.B. Fuller Misses Q3 Earnings Estimates On Weak Demand, Shares Tank

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;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 <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>)</h3>
<ul>
<li>On Sept. 25, H.B. Fuller reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS guidance below estimates. H.B. Fuller President and CEO Celeste Mastin said, "In the third quarter, we continued to advance our strategy and expand EBITDA margins through volume growth, restructuring actions, and the acquisition of highly profitable, fast-growing businesses." The company's stock fell around 3% over the past five days and has a <a href="https://www.benzinga.com/quote/FUL">52-week low of $64.64</a>.</li>
<li>RSI Value: 28.45</li>
<li>FUL Price Action: Shares of H.B. Fuller fell 1.8% to close at $80.63 on Wednesday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092624&amp;t=be2bearmibe3na1"> latest FUL news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="835" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26043922/image-207.png" alt="" class="wp-image-567146" style="width:714px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26043922/image-207.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26043922/image-207-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26043922/image-207-768x707.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Clearwater Paper Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLW#NYSE">CLW</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Aug. 6, Clearwater Paper reported quarterly losses of $1.55 per share. "We completed the acquisition of the Augusta facility in May and our integration is on track. We are pleased with the quality of the assets and are committed to achieving our targeted synergies by the end of 2026," said Arsen Kitch, president and chief executive officer. "Our tissue business continues to deliver outstanding performance, and we are expecting a gradual recovery in paperboard market demand in the coming quarters." The company's stock fell around 15% over the past month. It <a href="https://www.benzinga.com/quote/CLW">has a 52-week low</a> of $27.69.</li>
<li>RSI Value: 28.90</li>
<li>CLW Price Action: Shares of Clearwater Paper fell 4.7% to close at $28.40 on Wednesday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the trend in<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092624&amp;t=be2bearmibe3na1"> CLW stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="907" height="833" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26044012/image-208.png" alt="" class="wp-image-567147" style="width:678px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26044012/image-208.png 907w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26044012/image-208-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26044012/image-208-768x705.png 768w" sizes="(max-width: 907px) 100vw, 907px" /></a></figure>
<h3 class="wp-block-heading">Bioceres Crop Solutions Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIOX#NASDAQ">BIOX</a>)</h3>
<ul>
<li>On Sept. 9, Bioceres reported worse-than-expected fourth-quarter sales results. Mr. Federico Trucco, Bioceres´ Chief Executive Officer, commented, "In fiscal year 2024 we consolidated Bioceres&#8217; financial performance at record-high revenue and adjusted EBITDA levels, despite it having been another challenging year for agriculture, with on-farm economics declining in key crops and geographies." The company's shares fell around 22% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/YXT">low of $7.74</a></li>
<li>RSI Value: 21.88</li>
<li>BIOX Price Action: Shares of Bioceres Crop Solutions fell 3.3% to close at $7.85 on Wednesday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092624&amp;t=be2bearmibe3na1">breakout in BIOX shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="890" height="820" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26044115/image-209.png" alt="" class="wp-image-567149" style="width:592px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26044115/image-209.png 890w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26044115/image-209-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/26044115/image-209-768x708.png 768w" sizes="(max-width: 890px) 100vw, 890px" /></a></figure>

Long Ideas

Pre-Market Outlook

Markets

BIOX

Top 3 Materials Stocks You'll Regret Missing This Quarter

Micron, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">earnings</a> could revitalize the sagging market momentum, with the index futures trading notably higher early Thursday. The risk-on mood was evident across the global markets as China&#8217;s commitment to stimulate the domestic economy encouraged traders. The markets also have several Main Street catalysts to consider, including weekly jobless claims data and inflation measures from the second-quarter GDP report. A slew of Federal Reserve officials are due to make speeches, which could potentially offer clues toward the interest-rate trajectory.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+1.38%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.78%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.47%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.87%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 0.79% to $574.55 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) jumped 1.44% to $492.82, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks ended Tuesday&#8217;s session on a mixed note, as wary traders either stepped to the sidelines or took some profits off the table ahead of the flurry of data due over the next two days and Micron&#8217;s earnings that came out after the market closed. IT and utility stocks rose, while the remaining 11 sector classes pulled back. Energy and healthcare stocks were among the worst performers of the session.
The Nasdaq Composite ended marginally higher, advancing for a third straight session, while the S&amp;P 500 Index and the Dow Industrials retreated from their record highs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.04%</td>
<td>18,082.21</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>0.19%</td>
<td>5,722.26</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.70%</td>
<td>41,914.75</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.17%</td>
<td>2,223.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The market could remain lackadaisical until the election, according to Fund Strat&#8217;s Tom Lee. The Fed rate cut is historically positive three to six months out but what stocks do in the next month is a bit of a coin flip, the strategist <a href="https://x.com/CNBCClosingBell/status/1839029917742219408">said</a> in an interview with CNBC. 
Some repositioning took place and the market is now looking ahead to the election, which is just 40 days away, he said. 
Lee noted that most wealth managers and family offices he spoke to hinted at unwillingness to commit capital until after election day. &#8220;I don't think it matters who wins; It&#8217;s just they want to get that event behind,&#8221; he added.
The strategist said in election years, the November and December rallies are pretty tremendous, and when the gains are over 10% in the first half of the year, the November-December rallies get bigger, he said. &#8220;I am bullish into year-end but I'm a little less confident about how markets behave into election day and not that I think we're going to have a huge drawdown,&#8221; he added. 
&#8220;I also don't think we can make new highs and then see the market blast off after election day. So I'd rather sort of say things look a lot better after election day,&#8221; Lee said.
A Morgan Stanley strategist looked ahead to what&#8217;s in store after the first rate cut in the current monetary policy cycle. Chief Investment Officer, Morgan Stanley Wealth Management, Lisa Shalett said corporate fundamentals will now need to come into sharper focus, though expectations are already ambitious.
Given this backdrop, she advised investors to consider reducing ultra-short and money market positions in favor of locking in longer-dated rates. The equal-weighted S&amp;P 500 Index may provide better risk-adjusted exposure than its market-cap-weighted counterpart, she said. The strategist also flagged financial services, industrials, energy, healthcare and materials, as well as parts of technology such as software as compelling opportunities. Defensive ideas in residential REITs and utilities, and non-U.S. assets also could work in the current environment, she said.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department is scheduled to release the customary jobless claims data at 8:30 a.m. EDT. Economists, on average, expect the number of individuals claiming unemployment benefits to rise to 223,000 in the week ended Sept. 21, up from 219,000 in the previous week.</li>
<li>The Commerce Department is due to release its durable goods orders report for August at 8:30 a.m. EDT. The consensus estimate calls for a 3% month-over-month drop in durable goods orders compared to a 9.8% jump in the previous month.</li>
<li>The Bureau of Economic Analysis will release the final second-quarter GDP report at 8:30 a.m. EDT. The second-quarter growth is expected to be left unrevised at 3%. </li>
<li>The National Association of Realtors is due to release its pending home sales index for August at 10 a.m. EDT. The consensus estimate is for a 1% month-over-month increase for August, reversing some of the 5.5% drop in the previous month.</li>
</ul>
Fed speeches scheduled for the day include:
<ul>
<li>Fed Governor Adriana Kugler and Boston Fed President Susan Collins at 9:10 a.m. EDT</li>
<li>Fed Governor Michelle Bowman at 9:15 a.m. EDT</li>
<li>Fed Chair Jerome Powell at 9:20 a.m. EDT (at the 2024 U.S. Treasury Market Conference)</li>
<li>New York Fed&nbsp;President John Williams&nbsp;at 9:25 a.m. EDT</li>
<li>&nbsp;Fed Vice Chair for Supervision Michael Barr&nbsp;at 10:30 a.m. EDT</li>
<li>Fed Governor Lisa Cook&nbsp;at 10:30 a.m. EDT</li>
<li>Minneapolis Fed President Neel Kashkari and Barr at 1 p.m. EDT</li>
</ul>
Stocks In Focus:
<ul>
<li>Micron jumped over 15% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results announcement.</li>
<li>Also moving on earnings are H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) (down about 9%), Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) (down over 5%) and Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) (up about 4%.</li>
<li>Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) and Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) are among the companies due to <a href="https://www.benzinga.com/calendars/earnings">announce their financial results before the market opens</a>.</li>
<li>Those reporting after the close include BlackBerry Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>), Vail Resorts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) and Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell sharply and have dropped below the $69-a-barrel level, and gold futures pushed higher and are in record territory. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has gained moderately and is approaching the $64K level. The 10-year Treasury note edged down slightly to 3.772%.
The global markets were in a sea of green, with Hong Kong, China and Japan closing notably higher, as sentiment received a boost from China&#8217;s stimulus announcements. To add to the buoyancy, Bloomberg reported that China is considering injecting up to 1 trillion yuan($142.39 billion) of capital into its biggest state banks to facilitate lending. The European markets also advanced strongly in early trading.
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<li><a href="https://www.benzinga.com/news/24/09/41040634/analyst-counters-pete-buttigiegs-assertion-that-inflation-went-down-after-bidens-ira-2022-they-are-s">Analyst Counters Pete Buttigieg&#8217;s Assertion That Inflation Went Down After Biden&#8217;s IRA 2022: &#8216;They Are Still Rising And You Don&#8217;t Seem To Care..At All&#8217;</a></li>
</ul>
Image Via Pixabay

Futures

Previews

Economics

Federal Reserve

$BTC

COST

US Stocks Set For Strong Start, Micron Jumps, China Commits More Stimulus: Strategist Flags 'Tremendous' Gains Near Term

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) to report quarterly earnings at $2.77 per share on revenue of $16.39 billion before the opening bell. Accenture shares rose 1.5% to $342.00 in after-hours trading.</li>
<li>Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) <a href="https://www.benzinga.com/news/earnings/24/09/41034733/micron-q4-earnings-revenue-eps-beat-on-robust-ai-demand-company-sees-significantly-improved-profita">reported</a> better-than-expected fourth-quarter financial results. The company reported fourth-quarter revenue of $7.75 billion, beating the consensus estimate of $7.635 billion. The company reported fourth-quarter adjusted earnings of $1.18 per share, beating analyst estimates of $1.13 per share, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Micron shares jumped 14.8% to $109.90 in the after-hours trading session.</li>
<li>Analysts expect Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>) to post quarterly earnings at $2.22 per share on revenue of $6.59 million before the opening bell. Jabil shares gained 0.1% to $113.58 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) reported worse-than-expected financial results for its third quarter and issued weak FY24 earnings guidance. H.B. Fuller shares dipped 9% to $73.39 in the after-hours trading session.</li>
<li>Analysts expect Costco Wholesale Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) to post quarterly earnings at $5.08 per share on revenue of $79.97 billion. The company will release earnings after the closing bell. Costco shares gained 0.1% to $908.90 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41024505/top-5-industrials-stocks-that-may-collapse-in-q3">Top 5 Industrials Stocks That May Collapse In Q3</a></li>
</ul>
Photo courtesy: Shutterstock

Micron Technology, Accenture And 3 Stocks To Watch Heading Into Thursday

WIIM

H.B. Fuller shares are trading lower after the company reported worse-than-expected Q3 financial results and issued FY24 adjusted EPS guidance below estimates.

H.B. Fuller Sees FY24 Adj. EPS $4.10-$4.20 Vs 4.37 Est.

H.B. Fuller (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) reported quarterly earnings of $1.13 per share which missed the analyst consensus estimate of $1.23 by 8.13 percent. The company reported quarterly sales of $917.927 million which missed the analyst consensus estimate of $944.252 million by 2.79 percent. This is a 1.92 percent increase over sales of $900.634 million the same period last year.

Earnings Misses

H.B. Fuller Q3 2024 Adj. EPS $1.13 Misses $1.23 Estimate, Sales $917.927M Miss $944.252M Estimate

After<a href="https://www.benzinga.com/news/earnings/24/09/41018169/s-p-500-hits-fresh-record-high-amid-surge-in-nvidia-shares-investor-sentiment-improves-further-fear"> resiliently resisting selling pressure, </a>the market could be in for some weakness on Wednesday as traders position themselves defensively ahead of the key Main Street catalysts for the rest of the week. The index futures are modestly lower early Wednesday. Traders may not have much to look forward to in terms of data as merely the routine weekly mortgage application data and new homes sales report for August are due for the session.
It would be interesting to see if the week mortgage applications volume data will receive a boost from the recent pullback in mortgage rates ahead and amid the Fed rate cut. Micron Technology Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings report is in the spotlight as traders strive to gauge artificial intelligence technology-related demand.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.20%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.09%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.05%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.03%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.07% to $570.92 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) moved down 0.19% to $484.46, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks ended Tuesday&#8217;s session higher yet again despite some nervous moments in early trading on the back of the September consumer confidence reading that unexpectedly fell. Following the data, Jamie Cox, Managing Partner at Harris Financial Group, said, &#8220;It&#8217;s never good to see consumer confidence fall this much.&#8221;
The strategist attributed the weak consumer confidence to concerns about the implications of the upcoming election, the increasing conflict around the world, and the stubbornly high cost of food and credit. The 50 basis-point Fed funds rate cut last week seemed more correct in light of these data, he added.
The major indices opened higher but reversed course after the data. After hitting a bottom in late-morning trading, the tech-heavy Nasdaq Composite and the broader S&amp;P 500 Index bounced back in a V-shaped recovery before moving sideways in the afternoon. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) ended up nearly 4%, providing a shot in the arm the these two indices, and China&#8217;s stimulus measures also kept the risk-on mood intact.
The Nasdaq Composite ended at the 18K+ level for the first time since time since late-July. The S&amp;P 500 hit fresh intraday and closing highs.
Despite seeing volatility throughout the session, the 30-stock Dow Industrials Average also clocked new intraday and closing highs. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.56%</td>
<td>18,074.52</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.25%</td>
<td>5,732.93</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.20%</td>
<td>42,208.22</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.17%</td>
<td>2,223.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
With Sept. 22, the first day of autumn, now in the rearview mirror, the historically rough month for the market is nearly over, said LPL Financial Chief Technical Strategist Adam Turnquist. With less than five trading sessions remaining before October, stocks are on track to outperform historical averages for September, barring any major market-moving events, he said. 
The strategist noted that the S&amp;P 500 is up 1.2% month-to-date, compared to the average decline of 0.7% since 1950. The declines in the past four years are at 4.9%, 9.3%, 4.8%, and 3.9%, respectively.
This bodes well for the fourth quarter, Turnquist said. &#8220;Based on historical performance for the S&amp;P 500, strong performance and momentum in the first nine months of the year could signal more gains ahead,&#8221; he said. Over the last 75 years, the fourth quarter has generated negative returns only eight times when momentum was strong during the first three quarters, he said.
Even In four of those eight years, returns in October–December were only slightly lower, in the range of 0% and -1.5%, Turnquist said. The largest fourth-quarter decline after positive performance through September came in 1987, which includes the infamous "Black Monday" market crash on October 19, when the S&amp;P 500 famously shed over 20% in one day, he added.
Looking ahead, the analyst sees Fed policy decisions, a much-anticipated Presidential election, and third-quarter earnings as major market catalysts.
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Mortgage Bankers Association is due to announce its weekly mortgage application volume data at 7 a.m. EDT. In the week ended Sept. 13, mortgage applications volume climbed 14.2% week-over-week on a seasonally adjusted basis. The spike came as the 30-year fixed mortgage rate was 6.15%, the lowest since Sept. 2022.</li>
<li>The Commerce Department is scheduled to release its August new home sales report at 10 a.m. EDT. The consensus estimate calls for a seasonally adjusted annual rate of 700,000, down from the 739,000 rate in July.</li>
<li>The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>The Treasury will auction five-year notes at 1 p.m. EDT.</li>
<li>Federal Reserve Governor Adriana Kugler is scheduled to speak at 4 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) rose about 7% <a href="https://www.benzinga.com/premarket">in premarket trading</a>, tacking on to Tuesday&#8217;s gains, after the initial public offering lock-up period for insiders expired. </li>
<li>Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares could be in the spotlight as the two-day Meta Connect technology-focused event gets underway on Wednesday.</li>
<li>Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) is due to <a href="https://www.benzinga.com/calendars/earnings">announce its financial results before the market opens, </a>while H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>), Micron, Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>) and Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>) are among those reporting after the close.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures moved lower but held above the $71-a-barrel level, while gold futures continued to shine in record territory. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was once again flattish around the $63.5K level. The 10-year Treasury note climbed 1.7 points to 3.753%.
The major Asian markets traded on a mixed note, with China, Hong Kong and Taiwan extending their gains amid continued optimism over the stimulus measures announced by the People&#8217;s Bank of China this week. Most others settled lower. European stocks weakened in early trading on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41018183/did-aping-warren-buffett-and-hedge-fund-managers-bring-success-to-this-ai-powered-etf-that-launc">Did Aping Warren Buffett And Hedge Fund Managers Bring Success To This AI-Powered ETF That Launched Last Week?</a></li>
</ul>
Image Via Shutterstock

CTAS

NVDA

US Stocks May Stall After S&P 500 Hits Another Record; Micron Earnings, Meta Connect On Traders' Radar: Why This Strategist Is Optimistic About Q4

Investors with an interest in Chemical - Specialty stocks have likely encountered both H. B. Fuller (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ful#NYSE">FUL</a>) and CSW Industrials (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cswi#NASDAQ">CSWI</a>). But which of these two stocks presents investors with the better value opportunity right now? Let&#39;s take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
H. B. Fuller and CSW Industrials are both sporting a Zacks Rank of # 2 (Buy) right now. This means that both companies have witnessed positive earnings estimate revisions, so investors should feel comfortable knowing that both of these stocks have an improving earnings outlook. But this is only part of the picture for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company&#39;s fair value.
FUL currently has a forward P/E ratio of 17.97, while CSWI has a forward P/E of 36.10. We also note that FUL has a PEG ratio of 1.28. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company&#39;s expected earnings growth rate. CSWI currently has a PEG ratio of 2.41.
Another notable valuation metric for FUL is its P/B ratio of 2.41. The P/B ratio is used to compare a stock&#39;s market value with its book value, which is defined as total assets minus total liabilities. For comparison, CSWI has a P/B of 7.28.
These are just a few of the metrics contributing to FUL&#39;s Value grade of B and CSWI&#39;s Value grade of D.
Both FUL and CSWI are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that FUL is the superior value option right now.
<a href="https://www.zacks.com/stock/news/2322169/ful-vs-cswi-which-stock-is-the-better-value-option?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_3-2322169">To read this article on Zacks.com click here.</a>

CSWI

FUL vs. CSWI: Which Stock Is the Better Value Option?

Acquisition strengthens and expands position in the global specialty construction tapes market and creates new opportunities for engineering adhesives solutions
H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>), the largest pureplay adhesives company in the world, today announced that it has acquired HS Butyl Limited (HS Butyl), the UK's largest manufacturer and distributor of high-quality butyl tapes, which provide strong, permanent, watertight seals for a wide variety of applications within the construction, infrastructure, automotive and renewable energy industries.
The acquisition ─ which is a continuation of H.B. Fuller's strategy to deliver adjusted EBITDA margin of 20 percent in the next three to five years ─ advances one of the company's top 20 technology-based growth segments and uniquely positions H.B. Fuller to accelerate its expansion into the $15 billion global waterproofing tape market, which includes butyl tape technologies.

H.B. Fuller Acquires HS Butyl Limited; No Financial Terms Disclosed

General

H.B. Fuller shares are trading higher after the company reported better-than-expected Q2 sales results and revised its FY24 adjusted EPS guidance.

The two-day rally the broader market witnessed could stall, as traders choose to remain cautious ahead of <a href="https://www.benzinga.com/economics/macro-economic-events/24/06/39513292/feds-preferred-inflation-gauge-set-to-drop-to-38-month-low-this-could-provide-the">a string of economic catalysts. </a>The negative reaction to Micron Technology, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings could generate weakness in the tech space. AI stalwart Nvidia Corp.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) two-day rally is cooling off following its annual shareholder meeting. Bond yields have ticked up, with the 10-year-old Treasury yield holding above the 4.3% mark.
Traders may bide their time amid the fluid situation in a bid to see off late Thursday&#8217;s presidential debate and Federal Reserve&#8217;s preferred inflation gauge due on Friday.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.11%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.16%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.12%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.05% at $545.25 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.08% to $479.98, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>. Cues From Last Session:</figcaption></figure>
Stocks closed higher on Wednesday although sentiment remained lackluster throughout the session amid caution. The major averages opened lower and the tech strength kept the Nasdaq Composite Index mostly above the unchanged line but the S&amp;P 500 Index and the Dow Jones Industrial Average traded mostly below the flat line before recovering by the close of the session.
Most S&amp;P 500 sector stocks ended weaker, while consumer discretionary stocks found strong buying interest. IT and communications stocks rose modestly.
On the Main Street front, new home sales came in weaker than expected, although one could take comfort from the fact that previous months&#8217; readings were upwardly revised. House prices remained weak.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.49%</td>
<td>17,805.16</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.16%</td>
<td>5,477.90</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.04%</td>
<td>39,127.80</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.21%</td>
<td>2,018.12</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Morgan Stanley&#8217;s Chief U.S. Equity Strategist Matt Wilson advised against the temptation to play for a true broadening out until the macro environment makes a meaningful shift. &#8220;The ongoing policy mix of heavy fiscal spending and tight interest rate policy is crowding out many companies and consumers in a way that is unsustainable in our view,&#8221; he said.
Investors are therefore bidding up the few stocks of the companies that are doing well in this environment, Wilson said. &#8220;Until the bond market pushes back via higher term premium or growth slows down in a more meaningful way, we expect this narrow market performance to persist,&#8221; he added.
The strategist said he continues to recommend a &#8220;barbell of large-cap quality growth with defensives while fading cyclicals.&#8221;
On the other hand, Fund Strat&#8217;s Tom Lee expects the momentum to continue for multiple years. The S&amp;P 500 Index can compound at more than 15% annually over the next seven years and hit 15,000 by 2030, <a href="https://www.benzinga.com/markets/equities/24/06/39519696/fundstrats-tom-lee-predicts-s-p-500-will-hit-15-000-by-2030-driven-by-gen-z-and-ai-wave">he said in an interview </a>with CNBC. His optimism is predicated on favorable demographics, ie millennials and Gen X driving growth in prime-age works, and AI driving a surge in demand for U.S. technology.
Upcoming Economic Data:
<ul>
<li>The Bureau of Economic Analysis is scheduled to release its final first-quarter GDP estimate at 8:30 a.m. EDT. Economists, on average, expect quarter-over-quarter GDP growth to be revised up from 1.3% to 1.4%. Traders may also keep an eye on the inflation components of the report.</li>
<li>The Census Bureau will release the durable goods orders report for May at 8:30 a.m. EDT. The consensus estimate calls for a 1% month-over-month drop in durable goods orders, reversing all of the 0.6% growth in April. Core durable goods orders that strip off transportation orders may have increased by 0.2%, half as much as the growth seen in the previous month.</li>
<li>The National Association of Realtors&#8217; pending home sales index, due at 10 a.m. EDT, is expected to show a 0.4% month-over-month drop for May versus April&#8217;s 7.7% fall. </li>
<li>The Treasury will auction four- and eight-week notes at 11:30 a.m. EDT and seven-year notes at 1 p.m. EDT.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Micron fell nearly 4.75% <a href="https://www.benzinga.com/markets/equities/24/06/39520174/micron-technology-stock-drops-over-5-in-pre-market-despite-beating-q3-revenue-estimates-heres-wh">in premarket trading </a>in reaction to the memory chipmaker&#8217;s results.</li>
<li>H.B. Fuller Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUL#NYSE">FUL</a>) rose nearly 3%, Worthington Steel, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WS#NYSE">WS</a>) climbed over 3% and Levi Strauss &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEVI#NYSE">LEVI</a>) plunged over 15%, also on earnings.</li>
<li>Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>), McCormick &amp; Company, Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>), Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) and NIKE, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) are among the companies due to <a href="https://www.benzinga.com/calendars/earnings">release their quarterly results.</a></li>
<li>International Paper Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IP#NYSE">IP</a>) fell nearly 15% on a <a href="https://www.benzinga.com/markets/equities/24/06/39519611/international-paper-shares-dip-15-in-pre-market-after-suzano-drops-acquisition-pursuit">scuttled buyout deal.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil and futures firmed up, and the benchmark 10-year U.S. Treasury note rose 1.1 basis points to 4.327%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued to flatline around the $61K mark.
Micron&#8217;s earnings and caution ahead of key U.S. data dragged the Asian stocks lower, as the major averages in the region, with the exception of those in India, Indonesia and Singapore, closed lower. The yen plunged to a 38-year low against the dollar amid worries concerning domestic growth. European stocks also showed tentativeness in early trading. 
Read Next: <a href="https://www.benzinga.com/markets/equities/24/06/39513681/fed-stress-test-2024-large-banks-face-greater-losses-but-maintain-strong-capital-positions-in-se">Fed Stress Test 2024: Large Banks Face Greater Losses But Maintain Strong Capital Positions In Severe Recession Scenario</a>
Image Via Shutterstock

APOG

LEVI

Wall Street Set For Weak Opening As Tech Rally Falters With Micron, Nvidia Edging Lower: Analyst Says Narrow Market Performance To Persists Unless One Of These Materializes

H.B. Fuller Revises FY24 Adjusted EPS Outlook From $4.15 - $4.45 To $4.20 - $4.45, Est $4.30

H.B. Fuller Expects FY24 Net Revenue Growth Of Up 2% - 4% (Prior View 2% - 6%) With Organic Revenue Flat To Up 2% (Prior View Flat To Up 3%) Y/Y

H.B. Fuller (FUL) announced that Teresa Rasmussen has been appointed chair of the company's board of directors following the retirement of Lee Mita...

H.B. Fuller chairman Lee Mitau to retire, Teresa Rasmussen to succeed

H.B. Fuller Company ( ($FUL) ) has issued an update. H.B. Fuller Company has announced the retirement of Lee R. Mitau as Chair of the Board, effect...

H.B. Fuller Announces Leadership Transition and Strategic Focus

Dividend Champion, Contender, And Challenger Highlights: Week Of October 27

H.B. Fuller (FUL) Company announced that it will reorganize the building and construction segments of its portfolio. The reorganization includes th...

H.B. Fuller announces divestiture of flooring business to Pacific Avenue Capital

H.B. Fuller (FUL) Company announced that it has signed agreements to acquire two medical adhesive technology companies: GEM S.r.l. and Medifill Ltd...

H.B. Fuller acquires Medifill, signs provisional agreement to acquire GEM S.r.l.

Pacific Avenue Capital Partners has completed the acquisition of the North American Flooring Business from H.B. Fuller (FUL) Company. The Company, ...

Pacific Avenue completes acquisition of Flooring Business from H.B. Fuller

The specialty chemicals industry is set for robust growth, driven by rising demand for chemicals used across various industries. Amid this, let's compare specialty chemicals stocks, NewMarket (NEU) and H.B. Fuller (FUL), to analyze which specialty chemicals stock excels. Read on to find out… The interconnectedness of the global economy fosters international trade in chemicals, creating new market opportunities. Innovations in chemical technology led to the development of new and improved products, expanding market opportunities, thus enabling the global chemical market to grow at a <a href="https://www.verifiedmarketresearch.com/product/chemical-industry-market/">CAGR of 4.8%</a> by 2031.
Additionally, the chemical industry is increasingly integrating <a href="https://www.precedenceresearch.com/artificial-intelligence-in-the-chemical-market">AI technologies</a> to optimize processes and accelerate discoveries. By leveraging machine learning and deep learning, AI supports chemists throughout stages, from research to production, enabling faster advancements in drug development and the creation of new materials.
Against this backdrop, let's compare two established specialty chemicals stocks to analyze which chemical stock excels: NewMarket Corporation (<a href="https://stocknews.com/stock/NEU/">NEU</a>) and H.B. Fuller Company (<a href="https://stocknews.com/stock/FUL/">FUL</a>).
The Case for NewMarket Corporation Stock
With a $70.87 billion market cap, NewMarket Corporation (<a href="https://stocknews.com/stock/NEU/">NEU</a>) primarily manufactures and sells petroleum additives. The company offers lubricant additives for use in various vehicle and industrial applications, including engine oils, transmission fluids, off-road powertrains, and hydraulic systems.
NEU's stock has gained 1.3% over the past year to close the last trading session at $542.34.
NEU's trailing-12-month gross profit margin of 30.84% is 6.7% higher than the 28.90% industry average. Its trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> margin of 21.6% is 104.6% higher than the 10.56% industry average. Likewise, the company's trailing-12-month net income margin of 15.57% is 214.7% higher than the 4.95% industry average.
During the third quarter, which ended September 30, 2024, NEU reported net sales of $724.95 million, up 3.7% year-over-year. Its segment operating profit increased 15.5% from the previous year's quarter to $173.34 million. The company's net income and EPS were $132.32 million and $13.79, up 18.9% year-over-year, respectively.
NEU's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect robust prospects. It has an overall rating of A, which translates to a Strong Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
NEU is ranked #4 out of 81 stocks in the B-rated <a href="https://stocknews.com/category/chemicals/">Chemicals</a> industry. It has a B grade for Quality, Growth, Quality, and Stability. To see NEU's Momentum and Value ratings, <a href="https://stocknews.com/stock/NEU/">click here</a>.
The Case for H.B. Fuller Company Stock
Valued at $4.13 billion by market cap, H.B. Fuller Company (<a href="https://stocknews.com/stock/FUL/">FUL</a>) formulates, manufactures, and markets adhesives, sealants, coatings, polymers, tapes, encapsulants, additives, and other specialty chemical products. It operates through three segments: Hygiene; Health and Consumable Adhesives; Engineering Adhesives; and Construction Adhesives. 
FUL's stock has gained 1.7% over the past month to close the last trading session at $75.61 but plunged 6.2% over the past three months.
FUL's trailing-12-month gross profit margin and EBIT margin of 30.54% and 11.98% are 5.7% and 13.4% higher than the industry average of 28.90% and 10.56%, respectively. However, its trailing-12-month CAPEX/Sales of 3.45% is 54.5% lower than the industry average of 7.58%.
For the fiscal third quarter that ended September 30, 2024, FUL's net revenue increased 1.9% year-over-year to $917.93 million. The company's gross profit grew 4.7% year-over-year to $275.73 million. Its net income and net income per share stood at $55.36 million and $0.98.
Analysts expect FUL's revenue for the fourth quarter ending December 2024 to increase 2.7% year-over-year to $926.88 million. However, its EPS is expected to decline 5.5% year-over-year to $1.25 for the same quarter. It surpassed the consensus EPS estimates in three of the trailing four quarters. 
FUL's mixed fundamentals are reflected in its POWR Ratings. The stock has an overall C rating, translating to Neutral in our proprietary rating system.
FUL has a C grade for Value, Momentum, Quality, and Growth. It is ranked #48 in the same industry.
<a href="https://stocknews.com/stock/FUL/">Click here</a> for the additional POWR Ratings for FUL (Stability and Sentiment).
NewMarket (NEU) vs. H.B. Fuller Company (FUL): Which Specialty Chemicals Stock Excels?
The chemical industry serves as a backbone for numerous industries, including automotive, construction, healthcare, and agriculture. As these sectors expand and evolve, the demand for chemicals surges in tandem. 
Leading specialty chemicals companies NEU and FUL stand to capitalize on the optimistic industry outlook. However, NEU's higher profitability and promising near-term outlook favor it as the better specialty chemicals stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Chemicals industry <a href="https://stocknews.com/category/chemicals/">here</a>.
What To Do Next?
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NEU shares were trading at $536.35 per share on Friday afternoon, down $5.99 (-1.10%). Year-to-date, NEU has declined -0.42%, versus a 29.04% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/neu-ful-newmarket-neu-vs-h-b-fuller-company-ful-which-specialty-chemicals/>NewMarket (NEU) vs. H.B. Fuller Company (FUL): Which Specialty Chemicals Stock Excels?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

NewMarket (NEU) vs. H.B. Fuller Company (FUL): Which Specialty Chemicals Stock Excels?

H.B. Fuller: Still Not Fully Onboard

Citi analyst Patrick Cunningham lowered the firm's price target on H.B. Fuller (FUL) to $78 from $85 and keeps a Neutral rating on the shares. The ...

H.B. Fuller price target lowered to $78 from $85 at Citi

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Press Releases

H.B. Fuller Reports Second Quarter 2024 Results

H.B. Fuller Releases 2023 Sustainability Report

H.B. Fuller Announces Quarterly Dividend

H.B. Fuller Acquires HS Butyl Limited

H.B. Fuller to Report Third Quarter 2024 Results on September 25, 2024

H.B. Fuller Reports Third Quarter 2024 Results

H.B. Fuller Appoints Terry Rasmussen Chair of Board of Directors

H.B. Fuller Announces Divestiture of Flooring Business

H.B. Fuller Acquires Medifill Ltd.; Signs Provisional Agreement to Acquire GEM S.r.l.

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