Dernières nouvelles pour NXP Semiconductors (NASDAQ:NXPI) Stock

NXP Semiconductors

NXP Semiconductors is a leading supplier of high-performance mixed-signal products. The firm acquired Freescale Semiconductor in 2015 and now has significant market share in the automotive market, where it supplies microcontrollers and analog chips into automotive clusters, powertrains, infotainment systems, and radars. NXP Semiconductors also serves industrial and Internet of Things, mobile, and communications infrastructure.

NXP Semiconductors NV

WIIM

AISP

ALAB

AMBA

ARQQ

ATOM

CFLT

CSIQ

DIOD

DOCU

ENPH

FSLR

INDI

LAES

LPSN

LSCC

MANH

MCHP

MNDY

MPWR

NICE

NTRP

NVTS

NXPI

PCOR

POWI

RDZN

SEDG

SLAB

SMSI

SWKS

SYNA

UPLD

WKEY

WOLF

ZENA

Shares of semiconductor and software stocks are trading higher, with stocks broadly rising amid a drop in yields. President-elect Trump nominated Scott Bessent as Treasury Secretary.

Wells Fargo analyst Joe Quatrochi initiates coverage on NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Overweight rating and announces Price Target of $250.

News

Price Target

Initiation

Analyst Ratings

Wells Fargo Initiates Coverage On NXP Semiconductors with Overweight Rating, Announces Price Target of $250

<ul>
<li>Enable industrial control by combining real-time processing with support for industrial networking protocols in NXP's first i.MX applications processor family to integrate an Ethernet time-sensitive networking (TSN) switch</li>
<li>Protect against quantum compute attacks with NXP's first applications processor family to integrate post-quantum cryptography (PQC)</li>
<li>Reduce unplanned downtime with NXP's integrated eIQ Neutron Neural Processing Unit (NPU)</li>
</ul>

NXP Launches i.MX 94 Processors With Quantum Security And Ethernet TSN For Industrial And Automotive Applications

Loop Capital analyst Gary Mobley initiates coverage on NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy rating and announces Price Target of $300.

Loop Capital Initiates Coverage On NXP Semiconductors with Buy Rating, Announces Price Target of $300

Needham analyst Quinn Bolton reiterates NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy and maintains $250 price target.

Reiteration

Needham Reiterates Buy on NXP Semiconductors, Maintains $250 Price Target

UBS analyst Francois-Xavier Bouvignies maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy and lowers the price target from $285 to $275.

UBS Maintains Buy on NXP Semiconductors, Lowers Price Target to $275

INTC

MRVL

NVDA

QCOM

Shares of companies in the broader semiconductor and chip sector are trading higher amid overall market strength following the US presidential election.

Evercore ISI Group analyst Mark Lipacis maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Outperform and lowers the price target from $370 to $315.

Evercore ISI Group Maintains Outperform on NXP Semiconductors, Lowers Price Target to $315

Truist Securities analyst William Stein maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy and lowers the price target from $287 to $252.

Truist Securities Maintains Buy on NXP Semiconductors, Lowers Price Target to $252

Susquehanna analyst Christopher Rolland maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Neutral and lowers the price target from $260 to $250.

Susquehanna Maintains Neutral on NXP Semiconductors, Lowers Price Target to $250

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham cut Apellis Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) price target from $85 to $60. Needham analyst Joseph Stringer maintained a Buy rating. Apellis Pharmaceuticals shares closed at $28.08 on Tuesday. See how other analysts view this stock.</li>
<li>Deutsche Bank raised the price target for Emerson Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) from $136 to $140. Deutsche Bank analyst Nicole Deblase maintained a Buy rating. Emerson Electric shares closed at $117.67 on Tuesday. <a href="https://www.benzinga.com/quote/EMR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co raised the price target for Arcellx, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACLX#NASDAQ">ACLX</a>) from $80 to $95. HC Wainwright &amp; Co. analyst Emily Bodnar maintained a Buy rating. Arcellx shares closed at $87.12 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley slashed NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) price target from $250 to $235. Morgan Stanley analyst Joseph Moore maintained an Equal-Weight rating. NXP Semiconductors shares settled at $224.65 on Tuesday. <a href="https://www.benzinga.com/quote/NXPI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stifel raised Freshpet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPT#NASDAQ">FRPT</a>) price target from $155 to $165. Stifel analyst Mark Astrachan maintained a Buy rating. Freshpet shares closed at $151.59 on Tuesday. <a href="https://www.benzinga.com/quote/FRPT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird increased Choice Hotels International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>) price target from $138 to $145. Baird analyst Michael Bellisario maintained an Outperform rating. Choice Hotels shares closed at $139.46 on Tuesday. <a href="https://www.benzinga.com/quote/CHH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird raised the price target for Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) from $350 to $380. Baird analyst Mark Altschwager maintained an Outperform rating. Lululemon shares settled at $319.23 on Tuesday. <a href="https://www.benzinga.com/quote/LULU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley raised Broadridge Financial Solutions, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BR#NYSE">BR</a>) price target from $200 to $207. Morgan Stanley analyst James Faucette maintained an Equal-Weight rating. Broadridge Financial shares closed at $218.30 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted the price target for Cummins Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NASDAQ">CMI</a>) from $330 to $372. Baird analyst David Leiker maintained a Neutral rating. Cummins shares closed at $354.46 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley cut Lionsgate Studios Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LION#NASDAQ">LION</a>) price target from $133 to $173. Truist Securities analyst Jamie Cook upgraded the stock from Hold to Buy. Lionsgate Studios shares closed at $6.76 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41744659/jim-cramer-says-he-cant-recommend-this-major-automaker-ceva-is-way-too-high">Jim Cramer Says He Can&#8217;t Recommend This Major Automaker, Ceva Is &#8216;Way Too High&#8217;</a></li>
</ul>

Pre-Market Outlook

Markets

Trading Ideas

ACLX

APLS

FRPT

LION

LULU

Lululemon To Rally Around 19%? Here Are 10 Top Analyst Forecasts For Wednesday

Oppenheimer analyst Rick Schafer maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Outperform and lowers the price target from $330 to $300.

Oppenheimer Maintains Outperform on NXP Semiconductors, Lowers Price Target to $300

Needham analyst Quinn Bolton maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy and lowers the price target from $300 to $250.

Needham Maintains Buy on NXP Semiconductors, Lowers Price Target to $250

Morgan Stanley analyst Joseph Moore maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Equal-Weight and lowers the price target from $250 to $235.

Morgan Stanley Maintains Equal-Weight on NXP Semiconductors, Lowers Price Target to $235

Barclays analyst Blayne Curtis maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Overweight and lowers the price target from $330 to $280.

Barclays Maintains Overweight on NXP Semiconductors, Lowers Price Target to $280

In its third-quarter earnings report, NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) posted earnings <a href="https://www.benzinga.com/topic/semiconductors">of $3.45 per share</a>.
The company narrowly beat the consensus estimate of $3.43, with revenue <a href="https://www.benzinga.com/news/earnings/24/11/41730768/nxp-semiconductors-shares-dip-after-q3-results-eps-beat-revenues-in-line-q4-guidance-below-estimate">matching expectations at $3.25 billion</a>. That&#8217;s down from $3.43 billion year-over-year.
NXP Semiconductors CEO Kurt Sievers highlighted macro headwinds, particularly in Europe and the Americas, as a factor in the company's softer fourth-quarter guidance. He forecasts revenue between $3 billion and $3.2 billion and earnings between $2.93 and $3.33 per share, both below analyst expectations.
The earnings report has prompted varied reactions from analysts, who are assessing NXP's performance and outlook amidst global economic uncertainty.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41753325/wall-street-rallies-on-election-day-palantir-skyrockets-bitcoin-tops-70-000-whats-driving-">Wall Street Rallies On Election Day, Palantir Skyrockets, Bitcoin Tops $70,000: What&#8217;s Driving Markets Tuesday?</a>
<h2 class="wp-block-heading">Analyst Color Following NXPI Earnings</h2>
Truist analyst William Stein highlighted that, despite robust performance in the Mobile and Communications segments and a modest increase in Automotive revenue, significant weakness in the Industrial sector had a considerable impact on overall results.
Truist attributes this downturn to excess inventory levels, which have been a recurring concern in recent months. NXP&#8217;s inventory levels remained stable at approximately 145.3 days, contrary to the expected seasonal decline, with channel inventory slightly above management&#8217;s guidance.
Truist maintains a Buy rating and a $287 price target on the stock.
Demand trends in the third quarter, as highlighted by KeyBanc, showed stability in the Auto segment, while performance in the Industrial and IoT markets fell below expectations. Conversely, Mobile and Communications revenue slightly exceeded forecasts. 
Looking ahead, KeyBanc expects NXP to experience a revenue decline of 5% quarter-over-quarter in the fourth quarter, which is lower than consensus estimates and reflects ongoing macroeconomic challenges, particularly in Europe and the Americas.
Read Also: <a href="https://www.benzinga.com/general/biotech/24/11/41747104/novo-nordisk-q3-preview-will-285-million-weight-loss-bet-offset-bearish-charts">Novo Nordisk Q3 Preview: Will $285 Million Weight Loss Bet Offset Bearish Charts?</a>
Cantor Fitzgerald analyst C.J. Muse noted that the weakness in Industrial &amp; IoT resulted in lower gross margins, projected to hit new lows at 57.5%, a 70 basis point decline from the third quarter. 
Additionally, the reduced mix in Industrial segments is expected to lead to further margin compression, though NXP's prompt adjustment in operating expenses should help partially offset this impact. 
Despite the headwinds, Cantor reaffirmed its Overweight rating on NXP. Muse cites confidence in a gradual market recovery and NXP's ongoing structural transformation, which they believe is undervalued at present. The firm's price target remains at $270, reflecting a positive long-term outlook.
Oppenheimer analyst Rick Schafer maintained an Outperform rating on NXP, citing confidence in the company's long-term positioning despite near-term challenges. The firm remains optimistic about NXP's growth potential, driven by advancements in automotive content such as radar, BMS and processors, which they see as offsetting market softness.
Oppenheimer highlighted the European Semiconductor Manufacturing Company (ESMC) joint venture with TSMC, Bosch and Infineon broke ground on a new 300mm fab in Dresden, marking a significant long-term growth initiative.
In terms of the fourth quarter, Stifel analyst Tore Svanberg highlighted the softer outlook. Revenue guidance is at $3.10 billion—a 4.6% sequential decline and 8.3% below previous estimates.
Operating margins are expected to fall by 140 basis points quarter-over-quarter. Stifel maintains their Hold rating with a $260 price target.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NXPI has a 52-week high of $296.08 and a 52-week low of $178.19.
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/11/41748843/trump-holds-edge-in-betting-markets-on-election-day-while-experts-call-tight-race-for-harris">Trump Holds Edge In Betting Markets On Election Day, While Experts Call Tight Race For Harris</a></li>
</ul>
Image via NXP Semiconductors

Tech

NXP Semiconductors Q3 Earnings: Analysts Weigh In On Revenue Decline, Weak Q4 Guidance

Wall Street rallied on Tuesday as improved investor sentiment aligned with millions of Americans casting their votes <a href="https://www.benzinga.com/topic/2024-election">for the 47th president.</a>
Betting markets leaned slightly toward Donald Trump, with CFTC-regulated Kalshi placing Trump's win probability at 56% compared to Kamala Harris's 44%.
National polls show a close contest, with the latest New York Times/Siena College poll indicating both candidates tied at 48% in the popular vote.
The S&amp;P 500 climbed 1.2%, while the tech-focused Nasdaq 100 surged 1.5%, marking its strongest one-day increase in nearly a month. 
All 11 sectors of the S&amp;P 500 experienced gains, with consumer discretionary stocks outperforming. Small caps also joined the rally, with the Russell 2000 index gaining 1.1%.
Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) led the S&amp;P 500, with shares soaring after the artificial intelligence company surpassed quarterly earnings estimates and provided strong guidance.
In macroeconomic news, U.S. services sector activity hit over two-year highs <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41750522/us-services-sector-gauge-rises-more-than-expected-to-over-2-year-highs-as-employm">in October, outperforming expectations</a>.
Treasury yields increased by 5 basis points, while the dollar declined for a second consecutive session.
Gold edged up 0.3%, hovering near record highs, and oil prices gained 1.2% after a 3.2% surge on Monday.
Crypto sentiment was strong as well, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) jumping 4.5% to over $70,000 and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) spiking 12%.
Read also: <a href="https://www.benzinga.com/markets/24/11/41741466/if-trump-and-republicans-sweep-dollar-may-climb-7-but-harris-win-could-bring-5-drop-says-jpmorgan">If Trump And Republicans Sweep, Dollar May Climb 7% — But Harris Win Could Bring 5% Drop, Says JPMorgan</a>
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,259.62</td>
<td>1.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,779.38</td>
<td>1.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,244.40</td>
<td>1.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,191.93</td>
<td>1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.1% to $575.87.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 0.9% to $421.79.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 1.4% to $492.61.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.1% to $222.47.</li>
<li>The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, rising 1.7%. The Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, up 0.4%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports included: 
<ul>
<li>Vertex Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>), up 4.8%</li>
<li>Palantir Technologies Inc., up 22.8%</li>
<li>NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>), down 6.8%</li>
<li>Diamondback Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), down 1.6%</li>
<li>American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>), down 2.3%</li>
<li>Illumina Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), down 0.5%</li>
<li>Apollo Global Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>), up 6.2%</li>
<li>Emerson Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), up 6.8%, </li>
<li>Marathon Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>), up 3.9%, </li>
<li>Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>), up 8.8%, </li>
<li>Targa Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>), 4.7%,</li>
<li>YUM! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), up 2.5%, </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41746843/bond-market-fear-gauge-soars-to-1-year-high-ahead-of-us-election-results-bond-vigil">Bond Market Fear Gauge Soars To 1-Year High Ahead Of US Election Results: &#8216;Bond Vigilantes Have Been Voting Early&#8217;</a></li>
</ul>
Photo via Shutterstock.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Large Cap

Macro Economic Events

Bonds

Broad U.S. Equity ETFs

Commodities

Politics

Economics

ETFs

$BTC

$DOGE

SPDR Dow Jones Industrial Average ETF Trust

FANG

ILMN

PLTR

TRGP

VRTX

Select Sector SPDR-Consumer Discretionary

YUMC

Wall Street Rallies On Election Day, Palantir Skyrockets, Bitcoin Tops $70,000: What's Driving Markets Tuesday?

Cantor Fitzgerald analyst C J Muse reiterates NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Overweight and maintains $270 price target.

Cantor Fitzgerald Reiterates Overweight on NXP Semiconductors, Maintains $270 Price Target

U.S. stocks could open on a tentative note on Tuesday after the <a href="https://www.benzinga.com/news/earnings/24/11/41696201/market-volatility-soars-ahead-of-elections-tech-earnings-mixed-strikes-and-hurricanes-knock-employm">averages registered a mixed October</a>. Futures of all three major indices were slightly up on Tuesday, pointing to a cautious sentiment on Wall Street.
While the S&amp;P 500 and Dow Jones snapped their six-week winning streak, the Nasdaq Composite chalked its seventh straight week of gains to round off a volatile October.
America goes to polls on Tuesday to elect its 47th president, and data so far suggests that it will be a neck-to-neck race between Democratic candidate&nbsp;Kamala Harris&nbsp;and Republican nominee&nbsp;Donald Trump.
Another factor playing on investors' minds will be the Federal Open Market Committee's (FOMC) rate decision – the prevailing sentiment is that the Fed will deliver a 25-basis point cut.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.27%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.16%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.12%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.05%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.16% to $570.71 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged up by 0.25% to $487.24, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
The Dow Jones tumbled over 250 points on Monday, closing the day down by 0.61%. The other two averages also declined amid declining investor sentiment and rising fear in the market.
Oil prices continued to rebound after tanking the week before, amid delays in production output increase by the Organization of the Petroleum Exporting Countries, or OPEC.
Treasury yields continued to rise, signaling concerns that regardless of who wins the elections, the next administration might struggle with fiscal discipline. This sentiment was further exacerbated by the International Monetary Fund's warnings on the long-term trajectory <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41495286/deficit-strain-in-washington-will-get-worse-imf-warns-national-debt-projections-rev" target="_blank" rel="noreferrer noopener">of the U.S. national debt</a>.
On the economic data front, U.S. factory orders declined by 0.5% from the previous month to $584.2 billion in September compared to a revised 0.8% fall in August.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, communication services, and financials stocks recording the biggest losses on Monday.
However, energy and real estate stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.33%</td>
<td>18,179.98</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.28%</td>
<td>5,712.62</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.61%</td>
<td>41,794.60</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.40%</td>
<td>2,219.03</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, underscored that stocks perform well on election day, which could assuage investor concerns amid rising volatility.
"What really stands out is how well stocks have done after the 10 most recent elections. Higher a year later 9 times and up 15.2% on avg (median of 17.2%)," he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here&#39;s how stocks have done after the past 24 elections. What really stands out is how well stocks have done after the 10 most recent elections. Higher a year later 9 times and up 15.2% on avg (median of 17.2%). <a href="https://t.co/ztim9o3RxP">pic.twitter.com/ztim9o3RxP</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1853476226741989530?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Echoing Detrick's sentiment, WisdomTree and Wharton School economist&nbsp;Jeremy Siegel said the equity bull run could continue.
"In the near term, stock markets seem poised for further gains, bolstered by resilient earnings and steady economic fundamentals, while bond markets will likely grapple with higher yields and volatility ahead," he said.
"The bull market in stocks looks set to continue, while bonds face a rougher road."
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Tuesday's economic calendar is fairly light.
<ul>
<li>On Tuesday, U.S. trade deficit data will be released at 8:30 a.m. ET.</li>
<li>ISM services data will be released at 10 a.m. ET.</li>
<li>API weekly crude oil stock data will be released at 4:30 p.m. ET.</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>) shares soared 5.6% on election eve.</li>
<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) shares surged 13% in premarket trading after the company delivered strong performance and raised guidance.</li>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) shares rose nearly 2% after striking machinists ratified a new deal late Monday, ending a seven-week-long strike.</li>
<li>NXP Semiconductors NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) stock fell over 5% after the company's soft guidance, despite beating expectations in the September quarter.</li>
<li>Investors are awaiting earnings results from Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) and Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, rising by 0.4% after OPEC announced a delay in increasing production.
The 10-year Treasury note yield surged to 4.311%.
Major Asian markets ended in the green on Tuesday, and European stocks showed strength as well in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41736062/boeing-workers-end-seven-week-strike-by-accepting-new-contract-with-major-pay-increases">Boeing Workers End Seven-Week Strike By Accepting New Contract With Major Pay Increases</a></li>
</ul>
Photo courtesy: Wikimedia

Earnings

Futures

Federal Reserve

Movers

US Stocks Set For Cautious Start As Investors Brace For Volatility On Election Day: Expert Points To 'Pretty Well Overall' Historical Performance

NXP Semiconductors shares are trading lower after the company issued soft guidance.

The most talked about and market moving research calls around Wall Street are now in one place. Here are today's research calls that investors need...

Nvidia initiated, Airbnb downgraded: Wall Street's top analyst calls

Fidelity Blue Chip Growth Fund Q3 2024 Quarterly Review

Fidelity Diversified International Fund Q3 2024 Review

I was delighted to see my biggest position, SMH puts, push even higher in value on Friday. Here, I provide a brief look at various semiconductors for your perusal.

Semiconductor Sunday

PTF: Technology Dashboard For November

NXP Semiconductors declares $1.014 dividend

Wells Fargo initiated coverage of NXP Semiconductors (NXPI) with an Overweight rating and $250 price target While semiconductor demand "continues t...

NXP Semiconductors initiated with an Overweight at Wells Fargo

NXP initiated at Overweight as it remains on track for $16B revenue: WF

Europe wants Chips Act 2.0, should include legacy chips: report

AAOI

AAPL

ABBV

ABNB

ACLS

ALGM

AMZN

ANET

ARGX

ASML

AVGO

CDNS

COHR

COST

CVNA

DECK

FBCG

FBCV

FBND

FBTC

FCLD

FCOM

FCOR

FCPI

FDHY

FDIG

FDIS

FDLO

FDMO

FDRR

FDVV

FENY

FETH

FHLC

FICO

FIDI

FIDU

FIVN

FMAG

FMAT

FMET

FNCL

FQAL

FREL

FSMD

FSTA

FTEC

FUTY

FVAL

GOOG

GOOGL

GWRE

HTHIF

HTHIY

IDCC

IFNNF

IFNNY

IHRT

KLAC

MSFT

NFLX

NTNX

OKTA

ONEQ

QRVO

RMBS

ROST

SBUX

Comments

NXP Semiconductors

Actualités

Dernières nouvelles pour NXP Semiconductors (NASDAQ:NXPI) Stock

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL