Avnet Stock (NASDAQ:AVT), Trade Ideas

Avnet

Avnet, Inc.

NYSE

Avnet Inc is a global distributor of electronic components, connecting suppliers of semiconductors and other components to a base of 2.1 million small- and mid-sized customers in 140 countries. Avnet is the third largest semiconductor distributor in the world, and the largest for European chip distribution. Avnet services all levels of electronics design and development, servicing engineers with design tools, test kits, and services alongside its high-volume distribution for final designs.

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Avnet Inc

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<a href="https://news.avnet.com/press-releases/press-release-details/2024/Avnet-Launches-Full-mmWave-Antenna-to-Bits-Prototyping--with-Latest-RFSoC-Explorer-Toolbox-Version-3.0-Release/default.aspx" title="https://news.avnet.com/press-releases/press-release-details/2024/Avnet-Launches-Full-mmWave-Antenna-to-Bits-Prototyping--with-Latest-RFSoC-Explorer-Toolbox-Version-3.0-Release/default.aspx">https://news.avnet.com/press-releases/press-release-details/2024/Avnet-Launches-Full-mmWave-Antenna-to-Bits-Prototyping--with-Latest-RFSoC-Explorer-Toolbox-Version-3.0-Release/default.aspx</a>

'Avnet Launches Full mmWave Antenna To Bits Prototyping With Latest RFSoC Explorer Toolbox Version 3.0 Release' - Avnet

Goldman Sachs analyst Mark Delaney maintains Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) with a Sell and lowers the price target from $48 to $42.

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Goldman Sachs Maintains Sell on Avnet, Lowers Price Target to $42

Guidance

Avnet Expects Q3 Revenue Of $5.55B–$5.85B Vs. $5.93B Estimate; Company Projects Q3 Diluted EPS Of $1.05-$1.15 Vs. $1.34 Estimate

Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) reported adjusted quarterly earnings of $1.40 per share which met the analyst consensus estimate. This is a 30 percent decrease over earnings of $2.00 per share from the same period last year. The company reported quarterly sales of $6.21 billion which beat the analyst consensus estimate of $6.16 billion by 0.73 percent. This is a 7.64 percent decrease over sales of $6.72 billion the same period last year.

Avnet Q2 Adj. EPS $1.40, Inline, Sales $6.21B Beat $6.16B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Novartis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVS#NYSE">NVS</a>) is likely to report quarterly earnings at $1.68 per share on revenue of $11.56 billion.
&bull; Novo Nordisk (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) is likely to report quarterly earnings at $0.65 per share on revenue of $8.82 billion.
&bull; Regis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGS#NASDAQ">RGS</a>) is likely to report quarterly loss at $1.19 per share on revenue of $52.94 million.
&bull; Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is projected to report quarterly loss at $0.74 per share on revenue of $21.12 billion.
&bull; Hess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $2.60 billion.
&bull; Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) is expected to report quarterly earnings at $3.48 per share on revenue of $1.14 billion.
&bull; Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) is estimated to report quarterly earnings at $0.70 per share on revenue of $1.03 billion.
&bull; Evercore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>) is expected to report quarterly earnings at $1.66 per share on revenue of $715.79 million.
&bull; Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) is estimated to report quarterly earnings at $1.32 per share on revenue of $5.04 billion.
&bull; Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $1.08 billion.
&bull; Cencora (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>) is likely to report earnings for its first quarter.
&bull; CGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIB#NYSE">GIB</a>) is likely to report quarterly earnings at $1.36 per share on revenue of $2.68 billion.
&bull; Mastercard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) is likely to report quarterly earnings at $3.08 per share on revenue of $6.48 billion.
&bull; Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) is likely to report quarterly earnings at $1.40 per share on revenue of $6.17 billion.
&bull; Hess Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HESM#NYSE">HESM</a>) is projected to report quarterly earnings at $0.63 per share on revenue of $357.92 million.
&bull; M/I Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>) is estimated to report quarterly earnings at $4.94 per share on revenue of $1.19 billion.
&bull; Fortive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) is estimated to report quarterly earnings at $0.94 per share on revenue of $1.56 billion.
&bull; Radcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDCM#NASDAQ">RDCM</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $13.55 million.
&bull; Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) is likely to report quarterly loss at $1.43 per share on revenue of $85.16 million.
&bull; Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) is likely to report quarterly earnings at $2.85 per share on revenue of $1.50 billion.
&bull; Rockwell Automation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>) is projected to report quarterly earnings at $2.63 per share on revenue of $2.10 billion.
&bull; Automatic Data Processing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADP#NASDAQ">ADP</a>) is projected to report quarterly earnings at $2.10 per share on revenue of $4.66 billion.
&bull; Silgan Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLGN#NYSE">SLGN</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $1.39 billion.
&bull; Columbus McKinnon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCO#NASDAQ">CMCO</a>) is projected to report quarterly earnings at $0.68 per share on revenue of $250.34 million.
&bull; Group 1 Automotive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPI#NYSE">GPI</a>) is estimated to report quarterly earnings at $10.48 per share on revenue of $4.41 billion.
&bull; Thermo Fisher Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) is expected to report quarterly earnings at $5.64 per share on revenue of $10.73 billion.
&bull; GSK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSK#NYSE">GSK</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $9.61 billion.
&bull; Nomura Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMR#NYSE">NMR</a>) is projected to report earnings for its third quarter.
&bull; Extreme Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXTR#NASDAQ">EXTR</a>) is expected to report quarterly earnings at $0.25 per share on revenue of $295.61 million.
&bull; New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) is expected to report quarterly earnings at $0.28 per share on revenue of $803.17 million.
&bull; Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) is likely to report quarterly earnings at $2.34 per share on revenue of $36.29 billion.
&bull; Teva Pharmaceutical Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $4.01 billion.
&bull; Roper Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROP#NASDAQ">ROP</a>) is expected to report quarterly earnings at $4.34 per share on revenue of $1.58 billion.
&bull; Avery Dennison (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVY#NYSE">AVY</a>) is projected to report quarterly earnings at $2.16 per share on revenue of $2.09 billion.
&bull; MarketAxess Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKTX#NASDAQ">MKTX</a>) is projected to report quarterly earnings at $1.73 per share on revenue of $195.93 million.
&bull; Otis Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OTIS#NYSE">OTIS</a>) is estimated to report quarterly earnings at $0.86 per share on revenue of $3.57 billion.
&bull; Navient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAVI#NASDAQ">NAVI</a>) is likely to report quarterly earnings at $0.75 per share on revenue of $201.17 million.
&bull; Central Pacific Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPF#NYSE">CPF</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $50.78 million.
&bull; Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) is estimated to report quarterly earnings at $0.51 per share on revenue of $3.59 billion.
&bull; Banco Santander (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAN#NYSE">SAN</a>) is estimated to report earnings for its fourth quarter.
&bull; United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $1.70 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Keysight Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEYS#NYSE">KEYS</a>) is projected to report earnings for its first quarter.
&bull; EZCORP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $296.28 million.
&bull; Markel Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKL#NYSE">MKL</a>) is estimated to report quarterly earnings at $21.36 per share on revenue of $3.76 billion.
&bull; John B Sanfilippo &amp; Son (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBSS#NASDAQ">JBSS</a>) is estimated to report earnings for its second quarter.
&bull; Unifi (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UFI#NYSE">UFI</a>) is likely to report quarterly loss at $0.85 per share on revenue of $135.57 million.
&bull; Credit Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACC#NASDAQ">CACC</a>) is expected to report quarterly earnings at $5.99 per share on revenue of $460.96 million.
&bull; SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) is projected to report quarterly earnings at $0.92 per share on revenue of $479.93 million.
&bull; Good Times Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTIM#NASDAQ">GTIM</a>) is estimated to report earnings for its first quarter.
&bull; Selective Insurance Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIGI#NASDAQ">SIGI</a>) is estimated to report quarterly earnings at $1.94 per share on revenue of $958.13 million.
&bull; Hanover Insurance Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THG#NYSE">THG</a>) is expected to report quarterly earnings at $2.73 per share on revenue of $1.41 billion.
&bull; Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $135.47 million.
&bull; DLH Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLHC#NASDAQ">DLHC</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $101.00 million.
&bull; AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) is estimated to report quarterly earnings at $1.34 per share on revenue of $701.24 million.
&bull; Boot Barn Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) is likely to report quarterly earnings at $1.77 per share on revenue of $521.22 million.
&bull; C.H. Robinson Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRW#NASDAQ">CHRW</a>) is projected to report quarterly earnings at $0.81 per share on revenue of $4.34 billion.
&bull; 8x8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) is estimated to report quarterly earnings at $0.10 per share on revenue of $183.49 million.
&bull; Axis Capital Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) is estimated to report quarterly earnings at $1.08 per share on revenue of $1.23 billion.
&bull; Hawkins (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWKN#NASDAQ">HWKN</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $221.24 million.
&bull; Accuray (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARAY#NASDAQ">ARAY</a>) is projected to report quarterly loss at $0.05 per share on revenue of $106.67 million.
&bull; Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) is likely to report quarterly loss at $0.66 per share on revenue of $206.25 million.
&bull; Kulicke &amp; Soffa Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLIC#NASDAQ">KLIC</a>) is projected to report quarterly earnings at $0.26 per share on revenue of $172.01 million.
&bull; MaxLinear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MXL#NASDAQ">MXL</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $125.11 million.
&bull; Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $6.73 billion.
&bull; Aflac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>) is likely to report quarterly earnings at $1.45 per share on revenue of $4.40 billion.
&bull; Century Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCS#NYSE">CCS</a>) is expected to report quarterly earnings at $2.28 per share on revenue of $896.79 million.
&bull; Digi Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGII#NASDAQ">DGII</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $105.61 million.
&bull; Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) is estimated to report quarterly earnings at $2.37 per share on revenue of $9.51 billion.
&bull; BrightView Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BV#NYSE">BV</a>) is likely to report quarterly earnings at $0.04 per share on revenue of $645.09 million.
&bull; Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) is projected to report quarterly earnings at $1.66 per share on revenue of $1.00 billion.
&bull; UGI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGI#NYSE">UGI</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $2.67 billion.
&bull; MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) is likely to report quarterly loss at $0.26 per share on revenue of $52.47 million.
&bull; Core Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLB#NYSE">CLB</a>) is likely to report quarterly earnings at $0.19 per share on revenue of $127.92 million.
&bull; Meritage Homes (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>) is likely to report quarterly earnings at $5.17 per share on revenue of $1.53 billion.
&bull; Corteva (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTVA#NYSE">CTVA</a>) is projected to report quarterly earnings at $0.06 per share on revenue of $3.62 billion.
&bull; MetLife (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>) is expected to report quarterly earnings at $1.90 per share on revenue of $18.46 billion.
&bull; Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) is expected to report quarterly earnings at $1.62 per share on revenue of $1.24 billion.
&bull; Rayonier (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYN#NYSE">RYN</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $229.75 million.
&bull; MGIC Investment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTG#NYSE">MTG</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $292.72 million.
&bull; NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) is estimated to report quarterly earnings at $0.48 per share on revenue of $619.23 million.
&bull; Conmed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNMD#NYSE">CNMD</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $332.20 million.
&bull; Landmark Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LARK#NASDAQ">LARK</a>) is likely to report earnings for its fourth quarter.
&bull; PTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTC#NASDAQ">PTC</a>) is expected to report quarterly earnings at $0.96 per share on revenue of $538.63 million.
&bull; Align Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGN#NASDAQ">ALGN</a>) is expected to report quarterly earnings at $2.16 per share on revenue of $931.35 million.
&bull; Vista Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTO#NYSE">VSTO</a>) is estimated to report quarterly earnings at $0.81 per share on revenue of $687.67 million.
&bull; Tetra Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $990.66 million.
&bull; Benchmark Electronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHE#NYSE">BHE</a>) is projected to report quarterly earnings at $0.56 per share on revenue of $707.50 million.
&bull; NewMarket (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEU#NYSE">NEU</a>) is likely to report earnings for its fourth quarter.
&bull; Cimpress (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPR#NASDAQ">CMPR</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $892.10 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ALGN

APTV

ARAY

BOOT

CACC

CHRW

CMCO

CMPR

CNMD

CTVA

DGII

DLHC

EGHT

EXTR

EZPW

FLEX

GTIM

HESM

HWKN

JBSS

KEYS

KLIC

LARK

LSTR

MKTX

NAVI

NDAQ

NYCB

ODFL

OTIS

QCOM

QRVO

RDCM

SEIC

SIGI

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VSTO

Earnings Scheduled For January 31, 2024

<h3>Gainers</h3>
<ul>
<li>Minim (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MINM#NASDAQ">MINM</a>) shares moved upwards by 10.2% to $2.8 during Tuesday's after-market session. The market value of their outstanding shares is at $7.3 million. </li>
<li>Remark Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARK#NASDAQ">MARK</a>) shares rose 8.0% to $1.35. The market value of their outstanding shares is at $28.2 million. </li>
<li>BTC Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTCT#NASDAQ">BTCT</a>) shares increased by 5.07% to $4.35. The market value of their outstanding shares is at $6.6 million. </li>
<li>Skyworks Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) shares moved upwards by 4.81% to $109.35. The market value of their outstanding shares is at $17.5 billion. The company's, Q1 earnings came out today. </li>
<li>Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) stock increased by 4.12% to $233.0. The company's market cap stands at $14.3 billion. The company's, Q4 earnings came out today. </li>
<li>Presto Automation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRST#NASDAQ">PRST</a>) stock rose 3.68% to $0.25. The market value of their outstanding shares is at $17.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) stock declined by 20.9% to $0.38 during Tuesday's after-market session. The company's market cap stands at $3.9 million. </li>
<li>Sobr Safe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares declined by 10.99% to $0.54. The company's market cap stands at $10.0 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) stock declined by 9.53% to $0.57. The market value of their outstanding shares is at $4.2 million. </li>
<li>Oblong (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OBLG#NASDAQ">OBLG</a>) shares fell 5.42% to $0.21. The company's market cap stands at $3.4 million. </li>
<li>Gorilla Tech Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) shares declined by 5.38% to $0.51. The company's market cap stands at $38.7 million. </li>
<li>Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) stock declined by 4.71% to $45.62. The market value of their outstanding shares is at $4.1 billion. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BTCT

GRRR

IFBD

MANH

MARK

MINM

OBLG

PRST

SOBR

SWKS

12 Information Technology Stocks Moving In Tuesday's After-Market Session

Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-31. Here's what investors need to know before the announcement.
Analysts estimate that Avnet will report an earnings per share (EPS) of $1.40. 
Avnet bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.10, which was followed by a 1.67% drop in the share price the next day.
Here's a look at Avnet's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.51</td>
<td>1.65</td>
<td>1.79</td>
<td>1.85</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.61</td>
<td>2.06</td>
<td>2</td>
<td>2</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.67%</td>
<td>8.08%</td>
<td>4.1%</td>
<td>0.09%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706644856_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Avnet were trading at $47.6 as of January 29. Over the last 52-week period, shares are up 1.91%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/AVT/earnings">To track all earnings releases for Avnet visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Avnet

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the technology sector:</h2>
<ol>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) - P/E: 8.88</li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) - P/E: 1.19</li>
<li>Yalla Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALA#NYSE">YALA</a>) - P/E: 9.2</li>
<li>Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) - P/E: 5.55</li>
<li>Tower Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSEM#NASDAQ">TSEM</a>) - P/E: 5.96</li>
</ol>
United Microelectronics has reported Q3 earnings per share at $0.2, which has decreased by 1.96% compared to Q2, which was 0.2. Its most recent dividend yield is at 2.28%, which has decreased by 3.06% from 5.34% in the previous quarter.
Most recently, ClearOne reported earnings per share at $-0.05, whereas in Q2 earnings per share sat at $-0.04. Yalla Group saw an increase in earnings per share from 0.16 in Q2 to $0.21 now. Most recently, Avnet reported earnings per share at $1.61, whereas in Q4 earnings per share sat at $2.06. Most recently, the company reported a dividend yield of 2.55%, which has increased by 0.04% from last quarter's yield of 2.51%.
Tower Semiconductor's earnings per share for Q3 sits at $0.54, whereas in Q2, they were at 0.46. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

CLRO

TSEM

YALA

5 Value Stocks In The Technology Sector

<h3>The Meaning Behind Value Stocks</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the technology sector:</h2>
<ol>
<li>Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) - P/E: 7.95</li>
<li>Sigmatron Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMA#NASDAQ">SGMA</a>) - P/E: 2.37</li>
<li>Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) - P/E: 4.65</li>
<li>CXApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) - P/E: 0.41</li>
<li>Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) - P/E: 5.49</li>
</ol>
Daktronics saw a decrease in earnings per share from 0.42 in Q1 to $0.27 now. Most recently, the company reported a dividend yield of 3.4%, which has increased by 0.02% from last quarter's yield of 3.38%.
This quarter, Sigmatron Intl experienced a decrease in earnings per share, which was $0.04 in Q1 and is now $0.0. Nokia saw a decrease in earnings per share from 0.08 in Q2 to $0.05 now. Its most recent dividend yield is at 3.95%, which has increased by 0.54% from 3.41% in the previous quarter.
CXApp's earnings per share for Q3 sits at $0.13, whereas in Q2, they were at -1.05. Most recently, Avnet reported earnings per share at $1.61, whereas in Q4 earnings per share sat at $2.06. Its most recent dividend yield is at 2.55%, which has increased by 0.04% from 2.51% in the previous quarter.
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

CXAI

DAKT

SGMA

Overview Of Value Stocks In The Technology Sector

Monday marks the last chance for investors to receive the next dividend payout from Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>). 
<h3>What's Happening</h3>
The company announced on Thursday that it would pay shareholders a quarterly dividend of 31 cents per share. On Tuesday, Avnet will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 31 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own AVT as of the end of Monday's session are eligible to receive the 31 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 20, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To read more news on Avnet <a href="https://www.benzinga.com/stock//">click here</a>
<a href="https://www.benzinga.com/calendars/dividends">Click here</a> to visit our Dividends Calendar.

Dividends

Avnet's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

JAMES LAWRENCE, Director at Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>), reported a large insider sell on November 27, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000008858/000112760223028277//Archives/edgar/data/8858/000112760223028277/0001127602-23-028277-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that LAWRENCE sold 8,190 shares of Avnet. The total transaction amounted to $387,387. 
Avnet shares are trading down 0.0% at $47.02 at the time of this writing on Tuesday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Important Transaction Codes</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000008858">Check Out The Full List Of Avnet's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Avnet Director Trades Company's Stock

JAMES LAWRENCE, Director at Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>), reported a large insider sell on November 22, according to a new SEC filing. 
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0000008858/000112760223028183//Archives/edgar/data/8858/000112760223028183/0001127602-23-028183-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday showed that LAWRENCE sold 6,910 shares of Avnet. The total transaction amounted to $329,468. 
Avnet shares are trading up 0.25% at $47.29 at the time of this writing on Thursday morning.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Transaction Codes To Focus On</h3>
<a href="https://www.benzinga.com/money/investing-tools">Investors</a> prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates the insider may have been forced to sell shares in order to receive compensation that had been promised upon being hired by the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000008858">Check Out The Full List Of Avnet's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Avnet Sees Q2 2024 Adj. EPS $1.35-$1.45 Vs $1.37 Est.; Revenue $6B-$6.3B Vs $6.13B Est.

Earnings Beats

Earnings Misses

Avnet Q1 2024 Adj. EPS $1.61 Beats $1.52 Estimate, Revenue $6.335B Misses $6.347B Estimate

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the technology sector:</h2>
<ol>
<li>Bel Fuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELFB#NASDAQ">BELFB</a>) - P/E: 8.98</li>
<li>Photronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAB#NASDAQ">PLAB</a>) - P/E: 9.53</li>
<li>Diodes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIOD#NASDAQ">DIOD</a>) - P/E: 9.55</li>
<li>Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) - P/E: 5.56</li>
<li>JinkoSolar Holding Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) - P/E: 3.3</li>
</ol>
This quarter, Bel Fuse experienced a decrease in earnings per share, which was $1.99 in Q2 and is now $1.68. The company's most recent dividend yield sits at 0.53%, which has decreased by 0.11% from 0.64% last quarter. 
Photronics's earnings per share for Q3 sits at $0.51, whereas in Q2, they were at 0.54. Diodes looks to be undervalued. It possesses an EPS of $1.59, which has not changed since last quarter (Q1). This quarter, Avnet experienced an increase in earnings per share, which was $2.0 in Q3 and is now $2.06. The company's most recent dividend yield sits at 2.51%, which has decreased by 0.22% from 2.73% last quarter. 
Most recently, JinkoSolar Holding Co reported earnings per share at $3.31, whereas in Q2 earnings per share sat at $3.52. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

BELFB

DIOD

PLAB

5 Value Stocks To Watch In The Technology Sector

<h3>What is a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Benzinga Insights has compiled a list of value stocks in the technology sector that may be worth watching:</h2>
<ol>
<li>Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) - P/E: 5.78</li>
<li>ClearOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRO#NASDAQ">CLRO</a>) - P/E: 0.85</li>
<li>Sonim Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) - P/E: 6.18</li>
<li>Immersion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMMR#NASDAQ">IMMR</a>) - P/E: 5.22</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) - P/E: 7.3</li>
</ol>
Avnet has reported Q4 earnings per share at $2.06, which has increased by 3.0% compared to Q3, which was 2.0. Its most recent dividend yield is at 2.51%, which has decreased by 0.22% from 2.73% in the previous quarter.
ClearOne has reported Q2 earnings per share at $-0.04, which has increased by 55.56% compared to Q1, which was -0.09. Sonim Technologies has been featured as a value stock. Sonim Technologies's Q2 EPS sits at $0.01, which has not changed since last quarter (Q1). This quarter, Immersion experienced a decrease in earnings per share, which was $0.33 in Q1 and is now $0.28. Most recently, the company reported a dividend yield of 1.67%, which has decreased by 0.12% from last quarter's yield of 1.79%.
United Microelectronics saw a decrease in earnings per share from 0.21 in Q1 to $0.2 now. Most recently, the company reported a dividend yield of 2.28%, which has decreased by 3.06% from last quarter's yield of 5.34%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

IMMR

SONM

Schlumberger Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slb#NYSE">SLB</a>) is &quot;very, very good,&quot; according to&nbsp;Jim Cramer on CNBC&rsquo;s &quot;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>.&quot;
&quot;I have to tell you, I like SLB very, very much, it&rsquo;s a <a href="https://www.benzinga.com/news/earnings/23/09/34674148/stitch-fix-rubicon-technologies-and-3-stocks-to-watch-heading-into-monday"> great company,&quot; he added.</a>
When asked about Discover Financial Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dfs#NYSE">DFS</a>), he said, &quot;I just think that in the end, I would like to go with best of breed, even though that stock seems very cheap, which puts us in the realm of owning Mastercard Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ma#NYSE">MA</a>).&quot;
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here</a>
Cramer recommends holding onto Avnet, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avt#NYSE">AVT</a>). &quot;I think the stock is too cheap. I like it, it&rsquo;s got a very low price to earnings multiple, it&rsquo;s very profitable,&quot; he added.
The &quot;Mad Money&quot; host recommended staying away from Sea Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/se#NYSE">SE</a>). &quot;I think it&rsquo;s too dicey,&quot; he added.
Verizon Communications Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vz#NYSE">VZ</a>) is &quot;just a bond and not a very good bond, and you can get 7% elsewhere,&quot; Cramer noted.
Cramer recommends selling Joby Aviation, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/joby#NYSE">JOBY</a>) because &quot;we&rsquo;re not recommending any companies that are losing money hand over fist like Joby.&quot;
Price Action: Shares of Joby Aviation fell 5.8% to close at $6.54; Verizon lost 0.7% to $33.79 on Friday; Sea shares fell 1.5% to settle at $39.28; Avnet fell 1.2% to close at $47.78 on Friday; Mastercard shares gained 0.2% to settle at $414.31; Discover Financial fell 0.4% to close at $89.74 on Friday; SLB shares declined 1.7% to settle at $60.58 during the Friday&rsquo;s session.
Image: Shutterstock 
Now Read This: <a href="https://www.benzinga.com/news/earnings/23/09/34674976/investor-sentiment-declines-after-s-p-500-falls-for-second-straight-week"> Investor Sentiment Declines After S&amp;P 500 Falls For Second Straight Week</a>

Jim Cramer Says Stay Away From This Consumer Cyclical Stock, 'It's Too Dicey'

<h3>What are Value Stocks?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>The following stocks are considered to be notable value stocks in the technology sector:</h2>
<ol>
<li>OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) - P/E: 0.09</li>
<li>Canadian Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>) - P/E: 4.87</li>
<li>Avnet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVT#NASDAQ">AVT</a>) - P/E: 6.17</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>) - P/E: 7.18</li>
<li>Nokia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOK#NYSE">NOK</a>) - P/E: 5.0</li>
</ol>
OneConnect Financial Tech's earnings per share for Q2 sits at $-0.32, whereas in Q1, they were at -0.44. Canadian Solar's earnings per share for Q2 sits at $2.39, whereas in Q1, they were at 1.19. Avnet's earnings per share for Q4 sits at $2.06, whereas in Q3, they were at 2.0. The company's most recent dividend yield sits at 2.51%, which has decreased by 0.22% from 2.73% last quarter. 
United Microelectronics's earnings per share for Q2 sits at $0.2, whereas in Q1, they were at 0.21. Most recently, the company reported a dividend yield of 2.28%, which has decreased by 3.06% from last quarter's yield of 5.34%.
Nokia saw an increase in earnings per share from 0.06 in Q1 to $0.08 now. Most recently, the company reported a dividend yield of 3.41%, which has increased by 0.56% from last quarter's yield of 2.85%.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

CSIQ

OCFT

The dividend will be paid on September 27, 2023 to shareholders of record as of the close of business on September 13, 2023.

Avnet Increases Quarterly Dividend By 7% From $0.29 To $0.31 Per Share

Stocks remained muted Thursday, as rising yields on long-term <a href="https://www.benzinga.com/economics/macro-economic-events/23/08/33897758/us-treasury-yields-hit-highest-in-over-10-years-ackman-scores-early-win-over-buff">Treasury bonds dampened risk appetite.</a>
The yield on the U.S. 10-year Treasury note soared to 4.31%, the highest since October 2007. The 30-year yield rose to over 4.4%, its highest point since March 2011. 
Both the S&amp;P 500 and the Nasdaq 100 were near flat during midday trading, while energy outperformed all other sectors, driven by rising oil and natural gas prices. 
Investors continue to maintain a cautious stance after the latest FOMC minutes revealed that a majority of Fed officials continued to highlight &#8220;significant upside risks to inflation, which could require further<a href="https://www.benzinga.com/top-stories/23/08/33880614/fomc-minutes-reveal-boards-divide-majority-supports-further-rate-increases"> tightening of monetary policy.</a>&#8220;
Cues From Thursday's Trading:
The S&amp;P 500 traded flat, while both the Nasdaq 100 and the Dow Jones Industrial Average softened 0.1%. Small caps continued to ease, with the Russell 2000 down 0.3% on the day. 
 US Index Performance On Thursday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index </td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.11%</td>
<td>14,859.75</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.01%</td>
<td>4,405.13</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.07%</td>
<td>34,743.24</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.25%</td>
<td>1,866.18</td>
</tr>
</tbody>
</table>
</figure>
Thursday&#8217;s&nbsp;Trading In Major US&nbsp;Equity ETFs:&nbsp;In midday trading on Thursday, the SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.1% higher to&nbsp;$440, the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) held steady at $348&nbsp;and&nbsp;the Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was 0.1% lower to $362, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) rose 2.1%, marking the best performance among the S&amp;P 500&#8217;s sectors. Gains also were also seen in the Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) and the Materials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>), up 0.6% and 0.7%, respectively. 
Rate sensitive sectors, such as the&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>), the&nbsp;Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>), fell 0.3% and 0.2%, respectively. 
Latest Economic Data:
<ul>
<li>Jobless Claims (for week ending Aug. 12): 239,000 vs. 250,000 (previous) and 240,000 (expected). </li>
<li>Philadelphia Fed Manufacturing Index (August): 12 vs. -13.5 (pre.) and -10 (exp.)</li>
<li>Freddie Mac&#8217;s 30-Year Average Mortgage Rate: 7.09% vs. 6.96% (pre.)</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-brokers-futures-traders">Best Futures Brokers</a>
Stocks In Focus:
<ul>
<li>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) jumped 6%, on potential higher vaccination demand against new Covid variant &#8220;Eris.&#8221; </li>
<li>Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) rose over 4%, outperforming among Nasdaq 100&#8217;s companies, after better-than-expected results last quarter. </li>
<li>Chesapeake Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHK#NYSE">CHK</a>) rose nearly 6% on inclusion in the S&amp;P MidCap 400.</li>
<li>Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) rose 3% as UBS upped the price target from $135 to $139, keeping a Buy rating. </li>
<li>Notable companies reporting after the close include Bill Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BILL#NYSE">BILL</a>), Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), Farfetch Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTCH#NYSE">FTCH</a>), and Ross Stores, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROST#NASDAQ">ROST</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil rose 1.7%, with a barrel of WTI-grade crude trading at $80. The United States Oil Fund&nbsp;ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) was 1.7% higher to $72.56.&nbsp;&nbsp;
Treasury yields rose,&nbsp;with the 10-year yield up by 6 basis points to 4.31% and the 30-year yield up by 5&nbsp;basis points to 4.41%.&nbsp;The iShares 20+ Year Treasury Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NYSE">TLT</a>) was 0.3% higher for the day.&nbsp;
The dollar fell slightly, with the U.S. dollar index, which is tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), down 0.1%. The EUR/USD pair, as tracked by the Invesco CurrecyShares Euro Currency Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXE#NYSE">FXE</a>), was 0.1% lower to 1.0876.
European equity indexes closed in the red. The SPDR DJ Euro STOXX 50 Etf&nbsp;&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FEZ#NYSE">FEZ</a>) fell 0.6%.&nbsp;
Gold fell 0.2%&nbsp;to $1,887/oz.&nbsp;The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) was 0.2% lower to $175.&nbsp;Silver rose 1.1% to $22.65, with the&nbsp;iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) up 1% to&nbsp;$20.8.&nbsp;Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was 2.8% lower to $27,917.
Staff writer Piero Cingari updated this report midday Thursday.&nbsp;
Read Next: <a href="https://www.benzinga.com/economics/macro-economic-events/23/08/33883297/inflation-concerns-rekindle-rate-hike-debate-what-5-top-economists-say-after-july">Inflation Concerns Rekindle Rate Hike Debate: What 5 Top Economists Say After July FOMC Minutes Reveal</a>
Photo: Shutterstock

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