EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS: LBO)

Dernières nouvelles pour EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:LBO)

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Industrials

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Consumer Cyclical

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The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal circumstances, at least 80 percent of its net assets (plus the amount of any borrowings for investment purposes) in securities of U.S. publicly listed private equity companies. The Fund defines listed private equity companies as Leverage Finance Providers (as defined below) and Buyout Firms, Sponsors, and Asset Managers (as defined below) (collectively, Listed Private Equity Companies) that are listed and traded on a U.S. national securities exchange. Leverage Finance Providers include Business Development Companies (BDCs), finance companies, and direct lenders. Buyout Firms, Sponsors, and Asset Managers include companies whose principal business is to invest in or lend capital to privately held companies. The strategies these Listed Private Equity Companies use when investing in, lending capital to, or providing services to privately held companies may be characterized generally as follows: buyouts or leveraged buyouts, venture capital, special situations, growth investments and private infrastructure. The Sub-Adviser excludes banks, real estate-focused companies and/or real estate investment trusts from the Funds investment universe.

Ares Capital Corp

Fs Kkr Capital Corp

Blackstone Secured Lending Fund

Kkr & Co Inc

Blue Owl Capital Inc

The Blackstone Group, Inc.

Hercules Capital Inc

Tpg Inc

Ares Management Corp

Apollo Global Management Inc

WHITEWOLF Publicly Listed Private Equity ETF

EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF

Ally Financial Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) is set to report its third-quarter earnings during Friday&#8217;s pre-market session, and investors are closely watching for updates on the company's ongoing credit challenges.
In September, CFO Russell Hutchinson <a href="https://www.benzinga.com/markets/equities/24/09/40800069/why-is-ally-financial-stock-falling-on-tuesday">revealed</a> during a New York conference that the company is facing intensifying difficulties among borrowers, particularly in its core retail auto lending segment.
With delinquencies and net charge-offs exceeding initial expectations, tomorrow's earnings report could offer critical insight into how these headwinds have impacted the company&#8217;s financial performance in the third quarter.
What To Know: During the second quarter, Ally posted mixed results. The company reported total revenue of $2.08 billion, down 1.6% year-over-year, as inflationary pressures and higher interest rates weighed on consumers. 
Net income fell to $327 million, a sharp 58% decline from the previous year, driven largely by rising loan losses and provisions for credit losses, which jumped to $490 million. Ally's net interest margin, a key profitability metric for lenders, also contracted to 3.39% from 4.03% in the second quarter of 2022, reflecting increased funding costs amid higher rates.
Ally's retail auto lending portfolio, which represents a significant portion of its business, faced growing strain as borrowers struggled with inflation and rising living costs. The company reported $10.7 billion in auto originations for the second-quarter, down from $13.3 billion a year earlier.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41387939/chipmakers-rally-nvidia-smashes-records-on-tsmc-blowout-earnings-gold-hit-all-time-highs-whats-d">Chipmakers Rally, Nvidia Smashes Records On TSMC Blowout Earnings, Gold Hit All-Time Highs: What&#8217;s Driving Market Thursday?</a>
While auto lending demand remained robust, the uptick in delinquencies and charge-offs signaled that more consumers were falling behind on their payments. Ally&#8217;s loan delinquency rate in the retail auto sector rose to 3.81% in the second-quarter, from 3.53% the prior quarter.
What&#8217;s Next: Heading into the third quarter, these trends have only worsened. At the September conference, Hutchinson disclosed that delinquencies in the retail auto segment had spiked by 20 basis points in July and August compared to earlier projections. 
Additionally, net charge-offs, which reflect loans unlikely to be repaid, increased by 10 basis points. Hutchinson cited the dual pressures of soaring inflation and a weakening job market as key drivers behind the rising credit risk.
Ally's stock has been volatile in recent weeks, as these mounting credit issues have raised concerns about the company's ability to manage loan losses and maintain profitability. Investors are also wary of broader economic conditions, with last month's weaker-than-expected jobs report and ongoing Federal Reserve policy uncertainty casting a shadow over the financial sector. 
Although Ally has not revised its earnings guidance, Hutchinson emphasized that the firm will prioritize capital and expense management as it navigates these challenging times.
Analysts <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39847452/ally-financial-analyst-sees-consistent-margin-expansion-ahead-q2-results-breakdown">will be keen to see</a> if Ally&#8217;s third-quarter results reveal further deterioration in its credit metrics, especially in light of the worsening delinquency rates disclosed last month. 
Any adjustments to the company's forward guidance could also signal how management plans to mitigate these risks going forward.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41386377/arrest-made-in-sec-x-account-hack-prior-to-bitcoin-etf-approval-fbi-says-phone-used-to-man">Arrest Made In SEC X Account Hack Prior To Bitcoin ETF Approval, FBI Says Phone Used To &#8216;Manipulate Financial Markets&#8217;</a>
<h2 class="wp-block-heading">How To Buy ALLY Stock</h2>
By now you're likely curious about how to participate in the market for Ally Financial &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Ally Financial, which is trading at $35.93 as of publishing time, $100 would buy you 2.78 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, ALLY has a 52-week high of $45.46 and a 52-week low of $22.54.

News

ALLY

Ally Financial Reports Q3 Earnings Friday: What's Going On?

Bank of America Securities analyst Bradley Sills&nbsp;reiterated a Buy rating on Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with a price target of&nbsp;$510.
Sills noted that Microsoft is well positioned to generate sustained low double-digit growth in the coming 3-5 years, led by continued adoption of the Azure cloud infrastructure platform, the cloud-based Office 365 productivity suite, and more profitable Games and Game Pass revenue in Xbox.
While a revenue mix shift toward lower-margin Azure and O365 segments is likely to offset scale benefits near-term, the analyst said operating expense scale will likely drive stable 50bps annual margin expansion over the coming years.
Also Read: <a target="_blank" href="https://www.benzinga.com/fintech/24/10/41385123/apple-pay-expands-buy-now-pay-later-with-affirm-adds-support-for-third-party-browsers-and-more" rel="noreferrer noopener">Apple Pay Expands Buy Now, Pay Later With Affirm, Adds Support For Third-Party Browsers And More</a>
Most Sills&#8217; partners suggest solidly inline or better first-quarter fiscal 2025 results. As such, the analyst expects a 0%—1% upside to his first-quarter revenue estimate of $64.7 billion (+14% year-on-year, +11% year-on-year organic), driven by steady workload migration to Azure and upgrade momentum in the Office premium E3 and E5 cycle, somewhat offset by PC and Windows softness.
Sills&#8217; commentary with partners suggests an inline migration of workloads to Azure, led by cloud migration and expanding AI. The analyst noted that security remained an area of strength.
He would look for upside Azure growth of 33%-34% year-on-year, under restated metrics (with 12% points from AI), versus his base of 33% (11%).
Sills&#8217; estimate for M365 copilot revenue remains modest at $275 million. For More Personal Computing, he expects a largely inline result with his $12.5 billion estimate (+12% Y/Y).
The analyst flagged that the stock is +10.4% year-to-date, driven by enthusiasm for AI-led growth in Azure and Office. However, the shares have lagged recently due to concerns about ramping capex and limited visibility on the respective return on investment.
As per Sills, the stock is trading at 32 times the calendar year 2026 free cash flow, which is not stretched given the durability of low to mid-30s Azure growth, low mid-teens Office growth, and long-term scale on capex.
The analyst would look for multiple expansions as he approaches the expected second half of fiscal 2026 Azure reacceleration.
Sills projected first-quarter revenue of $64.42 billion.
The price target of $510 is based on an EV/FCF multiple of 40 times calendar year 2026 FCF or 1.9 times adjusted for low 20s growth, a premium to the software GARP group at 1.5 times for durability of growth.
Price Action: MSFT stock is down 0.01% at $416.05 at the last check on Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/10/41380181/alibabas-lazada-leverages-ai-in-e-commerce-race-against-shopee-and-tiktok-shop" target="_blank" rel="noreferrer noopener">Alibaba&#8217;s Lazada Leverages AI in E-Commerce Race Against Shopee and TikTok Shop</a></li>
</ul>
Image via Shutterstock

Analyst Color

Price Target

Reiteration

Analyst Ratings

Tech

Trading Ideas

MSFT

Microsoft Azure, Office 365, and Gaming To Drive Low Double Digit Growth: Analyst

Investors are always looking for stocks that are poised to beat at earnings season and RLI Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rli#NYSE">RLI</a>) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because RLI is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings &mdash; with the most up-to-date information possible &mdash; is a pretty good indicator of some favorable trends underneath the surface for RLI in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $1.10 per share for RLI, compared to a broader Zacks Consensus Estimate of 94 cents per share. This suggests that analysts have very recently bumped up their estimates for RLI, giving the stock a Zacks Earnings ESP of +17.65% heading into earnings season.
<div class="chart_embed">
<h3>RLI Corp. Price and EPS Surprise</h3>
<img alt="RLI Corp. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/87/1729168440.png" style="height:266px; width:620px" title="" />
RLI Corp. price-eps-surprise | RLI Corp. Quote
</div>
<h2>Why is this Important?</h2>
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns.
Given that RLI has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings.
Clearly, recent earnings estimate revisions suggest that good things are ahead for RLI, and that a beat might be in the cards for the upcoming report.
<a href="https://www.zacks.com/stock/news/2352196/why-rli-might-surprise-this-earnings-season?cid=CS-BENZ-FT-tale_of_the_tape|earnings_surprise-2352196">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Mid Cap

Markets

Insurance

Why RLI Might Surprise This Earnings Season

Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) has outperformed the market over the past 10 years by 8.7% on an annualized basis producing an average annual return of 20.4%. Currently, Marvell Tech has a market capitalization of $70.33 billion. 
Buying $1000 In MRVL: If an investor had bought $1000 of MRVL stock 10 years ago, it would be worth $6,367.84 today based on a price of $81.19 for MRVL at the time of writing.
<h3>Marvell Tech's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729190021_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MRVL

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $6,400 Today

S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) has outperformed the market over the past 5 years by 1.89% on an annualized basis producing an average annual return of 16.18%. Currently, S&amp;P Global has a market capitalization of $163.09 billion. 
Buying $1000 In SPGI: If an investor had bought $1000 of SPGI stock 5 years ago, it would be worth $2,072.49 today based on a price of $521.07 for SPGI at the time of writing.
<h3>S&amp;P Global's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729190016_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SPGI

Here's How Much $1000 Invested In S&P Global 5 Years Ago Would Be Worth Today

HC Wainwright has initiated coverage on Alumis Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALMS#NASDAQ">ALMS</a>), a clinical-stage biopharmaceutical company developing oral therapies for immune-mediated diseases.
Alumis&#8217; lead drug candidate, ESK-001, is a Tyrosine Kinase 2 (TYK2) inhibitor currently in Phase 3 trials for moderate-to-severe plaque psoriasis (PsO) and in Phase 2 trials for systemic lupus erythematosus (SLE). HC Wainwright analyst has initiated coverage on Alumis with a Buy rating and a <a target="_blank" href="https://www.benzinga.com/quote/ALMS/analyst-ratings" rel="noreferrer noopener">price target of $30</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39941143/newly-listed-psoriasis-alumis-attracts-analysts-attention-with-promising-lead-progr" rel="noreferrer noopener">Newly-Listed Psoriasis-Focused Alumis Attracts Analysts&#8217; Attention With Promising Lead Program And Modest Valuation</a>.
According to HC Wainwright, ESK-001 boasts the highest selectivity within the TYK2 inhibitor space, outperforming Bristol Myers Squibb &amp; Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) approved drug, Sotyktu (deucravacitinib) and Takeda Pharmaceutical Co Ltd&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) Phase 3 candidate, TAK-279.
While Sotyktu currently leads the TYK2 market, HC Wainwright emphasizes that clinical data for ESK-001 suggest a significantly superior profile, which could drive substantial growth in the TYK2 class and expand its market share in major indications.
The analyst suggests that ESK-001&#8217;s strong efficacy has the potential to drive significant growth in the TYK2 market, boosting market share for the class in major indications.
ESK-001&#8217;s mechanism of action (MOA) in psoriasis is de-risked by the approval of Sotyktu, the first-generation oral TYK2 inhibitor already approved for this use.
Additionally, the 28-week Phase 2 open-label extension (OLE) data for ESK-001 shows favorable comparisons to Sotyktu.
HC Wainwright models peak sales of around $1.9 billion for ESK-001 in plaque psoriasis and ~$2.0 billion for ESK-001 in systemic lupus erythematosus.
Although Sotyktu&#8217;s patents start expiring in 2026, it is estimated that generic versions may not hit the market until late 2033. HC Wainwright anticipates that ESK-001 could easily outperform Sotyktu in the market, given its significant advantages against another drug in the same TYK2 inhibitor class.
Price Action: ALMS stock is down 2.68% at $10.89 at the last check on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/general/biotech/24/10/41385615/why-is-small-cap-tevogen-bio-stock-rocketing-higher-on-thursday" target="_blank" rel="noreferrer noopener">Why Is Small-Cap Tevogen Bio Stock Rocketing Higher On Thursday?</a></li>
</ul>

Biotech

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ALMS

Alumis' Investigational Lead Candidate Supports Superior Profile Than Bristol Myers' Commercialized Drug, Analyst Sees 170% Stock Upside

In the current session, the stock is trading at $170.10, after a 4.05% spike. Over the past month, Ares Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARES#NYSE">ARES</a>) stock increased by 8.69%, and in the past year, by 66.44%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1729189860_0.png" alt="Past Year Chart" />

<h3>Ares Management P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Ares Management has a better P/E ratio of 84.27 than the aggregate P/E ratio of 30.96 of the Capital Markets industry. Ideally, one might believe that Ares Management Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1729189861_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

ARES

P/E Ratio Insights for Ares Management

The financial news frequently emphasizes stocks with heavy insider selling, premised on the assumption that insiders believe the stock is overpriced and that they are taking profits ahead of retail investors. However, most of the time, these sales are part of a previously disclosed plan and disclosed to the SEC months in advance. &nbsp;
This proves the saying that investors have many reasons to sell a stock, but the same is not necessarily true of insider buying. Typically, insiders have only one reason to buy a stock. That is, they believe it&#39;s fundamentally undervalued. &nbsp;
When you combine an undervalued stock with a price below $20, you have a chance for impressive gains. That&#39;s the case with the three stocks on this list. Plus, you can factor in the idea that these are mid-cap stocks that offer more potential for growth than more mature large-cap stocks but remove the risk that can be found in unprofitable small-cap stocks.&nbsp;
<h2>Transocean Is Well-Positioned for a Potential Oil Supercycle &nbsp;</h2>
Transocean Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rig#NYSE">RIG</a>) leases rigs and drilling equipment for oil companies. The company&#39;s lease rate directly correlates to the price of oil at the time the contracts are originated. RIG stock is trading at $4.26 as of October 11, 2024.
However, even with a consensus Hold rating, analysts are forecasting a price of $6.88, which offers a 61% upside.&nbsp;
An insider has bought shares on two separate occasions since its second-quarter earnings report in July. The transactions amounted to $3.5 million shares of RIG stock. &nbsp;
But why should you believe the insiders? First, the macroeconomic picture is favorable. The Federal Reserve started its interest rate cutting cycle with an aggressive 50-basis point cut in September. Energy stocks are expected to benefit as lower rates tend to stimulate business activity which is generally bullish for oil.&nbsp;
Second, the company signed two high-value contracts which will have over 90% of its fleet committed through 2025. And the company is well-positioned for more contracts if offshore drilling projects become less regulated in 2025.&nbsp;
<h2>Crescent Energy Nears 52-Week High and New Highs Could Be Ahead&nbsp;</h2>
Another mid-cap stock in the energy sector is Crescent Energy Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crgy#NYSE">CRGY</a>). The company has a different way of playing the energy sector because its business model focuses on acquiring resources rather than developing them. Its portfolio is heavily concentrated in the Eagle Ford and Uinta Basins. &nbsp;
Since the company&#39;s second-quarter earnings report in August, different executives and insiders have purchased CRGY stock on four separate occasions. &nbsp;
The purchases seem well timed, as the stock was up 31% in the month ending October 11 and is nearing its 52-week high. The short-term catalyst for the stock is its inclusion in the S&amp;P SmallCap 600 index, which usually brings with it a flurry of buying from institutional investors whose funds use the index as a benchmark. &nbsp;
That said, the longer-term catalyst for CRGY stock is similar to that of other oil companies: a resurgence in oil prices due to increased drilling activity in 2025 and beyond. Analysts give the stock a $16.20 price target, which offers investors a 20% upside. &nbsp;
<h2>Forget the Robo Taxi; Mobileye May Be a Better Short-Term Buy&nbsp;</h2>
When combing through the list of stocks with heavy insider buying on MarketBeat, Mobileye Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbly#NASDAQ">MBLY</a>) instantly caught my eye. The company, which is partially owned by Intel Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intc#NASDAQ">INTC</a>), is a leader in autonomous driving technology.
The company&#39;s EyeQ chips power Mobileye&#39;s flagship SuperVision platform, consisting of 11 cameras and autonomous vehicle maps that grow smarter over time.&nbsp;
MBLY stock went public in October 2022. The meme stock movement was over at that point, but for about a year, Mobileye delivered an impressive return for investors. It&#39;s been a long fall from that point. In fact, the stock is down over 72% in 2024.&nbsp;The&nbsp;Mobileye analyst forecasts on MarketBeat show the stock with three uncomfortable sell&nbsp;ratings. &nbsp;
Still, the stock has a consensus Hold and a $26.85 price target, which provides an upside of over 107%. Autonomous driving may still be years away (the Robo Taxi isn&#39;t set for production until 2027), but no matter who wins the White House, the move towards non-carbon transportation is not slowing down. &nbsp;
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/3-mid-cap-stocks-under-20-with-insider-buying-and-major-upside/">3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside</a>&quot; first appeared on MarketBeat.

Large Cap

Penny Stocks

Contracts

Insider Trades

CRGY

INTC

MBLY

3 Mid-Cap Stocks Under $20 With Insider Buying and Major Upside

SolarWinds Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWI#NYSE">SWI</a>) is eyeing a new office in Saudi Arabia&#8217;s Riyadh in 2025, citing its requirements for sophisticated technology and investment rates.
The enterprise software developer reported double-digit growth annually since it opened an office in Dubai in 2022, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-10-17/solarwinds-plans-riyadh-office-as-mideast-sales-boom-ceo-says?srnd=phx-technology&amp;sref=TBDibEcD" target="_blank" rel="noreferrer noopener">cited</a> from an interview with CEO Sudhakar Ramakrishna.
The company is also evaluating moving its headquarters for Europe, the Middle East and Africa from Cork, Ireland, to its Dubai office.
Also Read: <a href="https://www.benzinga.com/news/24/10/41323155/nvidia-amd-face-chip-export-curbs-as-biden-administration-considers-restrictions-on-middle-east-coun" target="_blank" rel="noreferrer noopener">Nvidia, AMD Face Chip Export Curbs, As Biden Administration Considers Restrictions On Middle-East Countries, Others: Report</a>
Saudi Arabia is vying for foreign investors to accomplish Crown Prince&nbsp;Mohammed bin Salman&#8217;s goal of diversifying the economy away from oil.
Prior reports indicated the U.S. and Saudi Arabia are nearing a historic agreement that includes security guarantees and a path to diplomatic ties with Israel. Saudi Arabia&#8217;s growing demand for semiconductors and data centers was a key factor <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38577767/semiconductors-are-the-new-oil-wealth-manager-says-saudi-arabias-need-for-data-cent" target="_blank" rel="noreferrer noopener">driving the potential deal</a>.
SolarWinds reported a <a href="https://www.benzinga.com/news/earnings/24/08/40103907/cybersecurity-stock-solarwinds-plunges-after-q2-beat-guidance-boost" target="_blank" rel="noreferrer noopener">fiscal second-quarter 2024</a> topline growth of 4% to $193.3 million, beating the&nbsp;analyst consensus of $188.7 million.&nbsp;It expects third-quarter revenue of $191 million — $196 million, above the&nbsp;consensus estimate of $188.67 million.
The stock gained 37% in the past 12 months. On Sept. 13, Scotiabank analyst Patrick Colville initiated coverage on SolarWinds with a Sector Perform rating and a <a href="https://www.benzinga.com/quote/SWI/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of&nbsp;$13</a>.
SWI Price Action:&nbsp;SolarWinds stock is up 0.39% at $12.92 at publication Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41379896/wipro-q2-earnings-it-services-revenue-decline-2-proposes-1-1-stock-bonus" target="_blank" rel="noreferrer noopener">Wipro Q2 Earnings: IT Services Revenue Decline 2%, Proposes 1:1 Stock Bonus</a></li>
</ul>

Global

SolarWinds Plans Riyadh Office In 2025, Citing Growing Tech Investment

Barrington Research analyst Gary Prestopino maintains Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) with a Outperform and raises the price target from $325 to $350.

Barrington Research Maintains Outperform on Snap-on, Raises Price Target to $350

Seagate Technology Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/stx#NASDAQ">STX</a>) is scheduled to report first-quarter fiscal 2025 earnings on Oct. 22.
The Zacks Consensus Estimate for first-quarter fiscal 2025 earnings has been revised upwards by 2.1% in the past 60 days at $1.48 per share. The company reported a non-GAAP loss per share of 22 cents in the prior year quarter. The Zacks Consensus Estimate for revenues is currently pegged at $2.11 billion, indicating a 44.8% uptick from the year-ago actual.
Management anticipates first-quarter fiscal 2025 revenues to be $2.1 billion (+/- $150 million). Non-GAAP earnings are expected to be $1.40 per share (+/- 20 cents).
STX&#39;s earnings beat the Zacks Consensus Estimate in three of the last four quarters and missed the remaining occasion. The average earnings surprise is 80.9%.
<h2>Factors Shaping the Upcoming Results of Seagate</h2>
Seagate expects incremental increases in mass capacity demand, owing to strengthening demand from global cloud customers and modest improvement in the nearline enterprise market. Nearline cloud revenues have been driven by improving sales to cloud service providers and steadying enterprise demand. Also, higher traditional cloud computing workloads and new AI deployments have been driving nearline demand. Seagate expects this momentum to continue in fiscal 2025.
Secular trends and innovations in driving up aerial density are likely to have spurred mass capacity storage demand. The launch of the Mozaic 3+ hard drive platform earlier in the year, which featured Heat-Assisted Magnetic Recording technology, positioned it well to capture share in the mass capacity storage solutions market.
We expect mass capacity revenues to be up 62.8% year over year to $1,655.9 million in the fiscal first quarter. Seagate anticipates the increase in mass capacity revenues to offset lower revenues from legacy markets.
For VIA, management anticipates sales to fluctuate in the second half of the calendar 2024. Though smart cities are the biggest end-market opportunity, the near-term budget visibility remains blurry amid existing macroeconomic uncertainty.
<div class="chart_embed">
<h3>Seagate Technology Holdings PLC Price and EPS Surprise</h3>
<img alt="Seagate Technology Holdings PLC Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/e7/1729166300.png" style="height:263px; width:542px" title="" />
Seagate Technology Holdings PLC price-eps-surprise | Seagate Technology Holdings PLC Quote
</div>
Gross margin is expected to have benefited from a higher mix of mass capacity revenues and ongoing pricing actions. The company expects minimal underutilization costs owing to the improving demand environment.
Our estimate for revenues from the HDD segment is pegged at $1,932.2 million, indicating an increase of 49.2% from the year-ago actual. The estimate for the non-HDD (which includes enterprise data solutions, cloud systems and solid-state drives) segment is pegged at $169.1 million, implying an increase of 6.3% from the prior-year level.
Soft global macroeconomic conditions, especially a relatively sluggish recovery in China, remain a concern. Increasing costs are additional headwinds. In the fiscal first quarter, the non-GAAP operating expenses are expected to be $270 million.
<h2>What the Zacks Model Unveils</h2>
Our proven model does predict an earnings beat for Seagate this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is exactly the case here.
Seagate has an Earnings ESP of +5.09% and sports a Zacks Rank #1 at present.
<h2>Other Stocks to Consider</h2>
Here are some stocks you may consider, as our model shows that these have the right combination of elements to beat on earnings this season.
SEI Investments Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/seic#NASDAQ">SEIC</a>) currently has an Earnings ESP of +0.94% and a Zacks Rank #2.
SEIC is scheduled to report quarterly earnings on Oct. 23. The Zacks Consensus Estimate for SEIC&#39;s to-be-reported quarter&#39;s earnings and revenues is pegged at $1.07 per share and $532.1 million, respectively. Shares of SEIC have gained 29.9% in the past year.
Ameriprise Financial, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amp#NYSE">AMP</a>) presently has an Earnings ESP of +0.5% and a Zacks Rank #2. AMP is scheduled to report quarterly numbers on Oct. 23. The Zacks Consensus Estimate for AMP&#39;s to-be-reported quarter&#39;s earnings and revenues is pegged at $8.86 per share and $4.3 billion, respectively. Shares of AMP have risen 60% in the past year.
American Airlines Group Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aal#NASDAQ">AAL</a>) has an Earnings ESP of +32.87% and a Zacks Rank #2 at present. AAL is scheduled to report quarterly figures on Oct. 24. The Zacks Consensus Estimate for AAL&#39;s to-be-reported quarter&#39;s earnings and revenues is pegged at 13 cents per share and $13.49 billion, respectively. Shares of AAL have increased 13.5% in the past year.
<a href="https://www.zacks.com/stock/news/2352201/seagate-gears-up-for-q1-earnings-what-s-in-the-offing?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2352201">To read this article on Zacks.com click here.</a>

Macro Economic Events

Management

Economics

SEIC

Seagate Gears Up for Q1 Earnings: What's in the Offing?

Stephens &amp; Co.&nbsp;analyst Jim Salera initiated coverage on First Watch Restaurant Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRG#NASDAQ">FWRG</a>), with an <a target="_blank" href="https://www.benzinga.com/quote/FWRG/analyst-ratings" rel="noreferrer noopener">Overweight rating and a price forecast of $20.</a>
According to the analyst, First Watch is a frontrunner in daytime dining, specializing in breakfast, brunch, and lunch prepared with fresh ingredients.
The menu&#8217;s specialty includes chef-driven, trendy, and seasonal dishes that cater to health-conscious diners and those seeking a modern, upscale breakfast experience, Salera highlights.
Also Read: <a target="_blank" href="https://www.benzinga.com/trading-ideas/short-ideas/24/10/41379166/spirit-airlines-struggles-to-regain-altitude-as-competitors-soar-bankruptcy-concerns-in" rel="noreferrer noopener">Spirit Airlines Struggles To Regain Altitude As Competitors Soar, Bankruptcy Concerns Intensify</a>
The analyst forecasts annual revenue growth in the low double digits, driven by over 10% unit growth and low single-digit same-store sales.
Salera underscores that there is a viable path for First Watch to achieve its target of over 2,200 domestic units, supported by two analysis scenarios indicating potential upside to 2,475 and 2,398 units, respectively.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41388092/lyfts-latest-move-cash-app-partnership-offers-easier-payments-for-gen-z-and-millennials" rel="noreferrer noopener">Lyft&#8217;s Latest Move: Cash App Partnership Offers Easier Payments For Gen Z And Millennials</a>
This outlook suggests sustained growth of over 10% compared to the casual dining industry&#8217;s low single-digit growth.
The analyst projects FY24 adjusted EBITDA of $108.9 million and adjusted EPS of $0.30, slightly below consensus estimates of $110.9 million and $0.32.
For FY25, the forecast includes adjusted EPS of $0.43 and adjusted EBITDA of $129.0 million, compared to the Street&#8217;s expectations of $0.42 EPS and $126.4 million EBITDA.
Conversely, the analyst cautions that a challenging consumer macro environment in the near term could impact revenue, resulting in same-store sales hitting the lower end of the long-term expectations. Furthermore, there may be additional challenges posed by Hurricane Milton.
Price Action: FWRG shares are trading higher by 7.84% to $16.14 at last check Thursday.
Photo via Company
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41367511/boeing-shares-are-trading-higher-today-what-you-need-to-know" target="_blank" rel="noreferrer noopener">Boeing Shares Are Trading Higher Today: What You Need To Know</a></li>
</ul>

Equities

Movers

FWRG

First Watch Poised To Reach Its Goal Of Over 2,200 Domestic Locations Despite Tough Macro Conditions, Says Analyst

DA Davidson analyst Peter Heckmann maintains Tyler Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TYL#NYSE">TYL</a>) with a Neutral and raises the price target from $525 to $550.

DA Davidson Maintains Neutral on Tyler Technologies, Raises Price Target to $550

DA Davidson analyst Rudy Kessinger maintains SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) with a Neutral and raises the price target from $23 to $25.

DA Davidson Maintains Neutral on SentinelOne, Raises Price Target to $25

Konami Group ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KONMY#OTC">KONMY</a>) and developer Bloober Team have achieved a major milestone with the release of the Silent Hill 2 remake, which has sold one million copies just four days after <a href="https://www.benzinga.com/general/gaming">its global launch. </a>
This achievement was confirmed by Konami in a tweet. While there is speculation that the Silent Hill 2 remake could be the fastest-selling game in the franchise, Konami has not yet confirmed this officially.
See Also: <a href="https://www.benzinga.com/general/gaming/24/09/40964346/silent-hill-2-remake-locks-in-ps5-exclusivity-for-one-year">Silent Hill 2 Remake Locks In PS5 Exclusivity For One Year</a>
<h3 class="wp-block-heading">Positive Reception And Platform Availability</h3>
The Silent Hill 2 remake, available on PC and PlayStation 5, has been well-received by both critics and players. The game's updated graphics, redesigned puzzles, and new maps have been highlighted as key features that modernize the experience for today's players.
No official announcement has been made regarding a potential release for Xbox Series X and S as of now, leaving fans of the platform awaiting further updates.
<h3 class="wp-block-heading">The Future Of The Silent Hill Franchise</h3>
The success of the Silent Hill 2 remake could potentially influence Konami's plans for the franchise. Currently, the company has two other Silent Hill titles in development: Silent Hill f and Silent Hill: Townfall. In addition, a film adaptation of Silent Hill 2 is in the works, further expanding the reach of the series.
With the success of this latest release, there is growing interest in whether Konami will continue remaking other entries in the franchise. Some of the potential candidates include:
<ul>
<li>Silent Hill (the original)</li>
<li>Silent Hill 3</li>
<li>Silent Hill 4: The Room</li>
<li>Silent Hill: Origins</li>
<li>Silent Hill: Homecoming</li>
<li>Silent Hill: Shattered Memories</li>
<li>Silent Hill: Downpour</li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/general/gaming/23/11/35572688/silent-hill-ascension-faces-backlash-over-microtransactions-a-sign-of-gaming-industrys-problem">&#8216;Silent Hill: Ascension&#8217; Faces Backlash Over Microtransactions: A Sign Of Gaming Industry&#8217;s Problem?</a></li>
</ul>
Photo: sf_freelance/Shutterstock.com

Gaming

KONMY

Konami's Silent Hill 2 Remake Sells 1 Million Copies In Just 4 Days

DA Davidson analyst Rudy Kessinger maintains Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) with a Neutral and lowers the price target from $85 to $75.

OKTA

DA Davidson Maintains Neutral on Okta, Lowers Price Target to $75

<a href="https://x.com/CitronResearch/status/1846978641676190004" title="https://x.com/CitronResearch/status/1846978641676190004">https://x.com/CitronResearch/status/1846978641676190004</a>

Citron Research Post On X, "$GEO has updated the NAV of their assets to over $45 a share.  In a move that has gone mostly unnoticed by Wall St in their latest investor presentation.  As stated by management, " Based on increased construction and development costs, we believe that our company-owned facilities have a combined replacement value in excess of $6 billion."

JDZG

JIADE Shares Resume Trade

MTEM

Molecular Templates Shares Resume Trading

DA Davidson analyst Peter Winter maintains U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) with a Neutral and raises the price target from $49 to $54.

DA Davidson Maintains Neutral on U.S. Bancorp, Raises Price Target to $54

Ensemble Fund Q1 2024 Investment Update

The Truth About Alternative Investments

Shrinking Private Equity Exit Value; Declining Deal Terminations

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