Cinemark Hldgs Stock (NYSE:CNK), Trade Ideas

Cinemark Hldgs

Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.

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

Tesla To $123? Here Are 10 Top Analyst Forecasts For Thursday

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U.S. stock futures were higher this morning, with the Dow futures gaining by around 100 points on Friday.

Kura Sushi Posts Upbeat Sales, Joins Caribou Biosciences, Krispy Kreme And Other Big Stocks Moving Higher In Friday&#39;s Pre-Market Session

Taylor Swift movie at AMC theaters.

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Shares in Netflix have gained nearly 24% in 2024 and are up 93% over the last year as the video streaming company has taken market share away from traditional movie theaters.

Netflix&#39;s 2024 Gains Are Cinema&#39;s Loss: AMC Shares Slump Despite Box Office Boost From Taylor Swift, Beyoncé

Cinemark Holdings Inc Cinemark Holdings, Inc. Common Stock

Cinemark Holdings Inc

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-ratings/">analyst ratings page</a>.
<ul>
<li>Morgan Stanley raised the price target for United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) from $75 to $80. Morgan Stanley analyst Ravi Shanker maintained an Overweight rating. United Airlines shares gained 17.5% to close at $48.74 on Wednesday. <a href="https://www.benzinga.com/quote/UAL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Loop Capital slashed the price target for BJ&#39;s Wholesale Club Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bj#NYSE">BJ</a>) from $85 to $80. Loop Capital analyst Laura Champine downgraded the stock from Buy to Hold. BJ&#39;s Wholesale Club shares fell 1.3% to close at $75.28 on Wednesday. <a href="https://www.benzinga.com/quote/BJ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush increased Cinemark Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnk#NYSE">CNK</a>) price target from $20 to $23. Wedbush analyst Michael Pachter maintained an Outperform rating. Cinemark shares closed at $18.13 on Wednesday. <a href="https://www.benzinga.com/quote/CNK/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods cut the price target for U.S. Bancorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usb#NYSE">USB</a>) from $52 to $45. Keefe, Bruyette &amp; Woods analyst David Konrad downgraded the stock from Outperform to Market Perform. U.S. Bancorp shares fell 3.6% to close at $39.52 on Wednesday. <a href="https://www.benzinga.com/quote/USB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Deutsche Bank slashed Tesla, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) price target from $189 to $123. Deutsche Bank analyst Emmanuel Rosner downgraded the stock from Buy to Hold. Tesla shares fell 1.1% to close at $155.45 on Wednesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities cut Knight-Swift Transportation Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knx#NYSE">KNX</a>) price target from $58 to $54. B of A Securities analyst Ken Hoexter maintained a Buy rating. Knight-Swift Transportation shares fell 4.4% to close at $48.53 on Wednesday. <a href="https://www.benzinga.com/quote/KNX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital lowered the price target for Crown Castle Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cci#NYSE">CCI</a>) from $110 to $105. BMO Capital analyst Ari Klein maintained a Market Perform rating. Crown Castle shares fell 1% to close at $93.05 on Wednesday. <a href="https://www.benzinga.com/quote/CCI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson raised Barnes Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/b#NYSE">B</a>) price target from $35 to $45. DA Davidson analyst Matt Summerville upgraded the stock from Neutral to Buy. Barnes shares fell 1.6% to close at $33.39 on Wednesday. <a href="https://www.benzinga.com/quote/B/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted Cadence Design Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cdns#NASDAQ">CDNS</a>) price target from $302 to $322. Baird analyst Joe Vruwink maintained an Outperform rating. Cadence Design shares fell 2.4% to close at $293.71 on Wednesday. <a href="https://www.benzinga.com/quote/CDNS/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Guggenheim raised Vertex Pharmaceuticals Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vrtx#NASDAQ">VRTX</a>) price target from $445 to $450. Guggenheim analyst Debjit Chattopadhyay maintained a Buy rating. Vertex Pharmaceuticals shares fell 0.3% to close at $393.10 on Wednesday. <a href="https://www.benzinga.com/quote/VRTX/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38307310/d-r-horton-netflix-and-3-stocks-to-watch-heading-into-thursday"> D.R. Horton, Netflix And 3 Stocks To Watch Heading Into Thursday </a>

Wedbush analyst Michael Pachter maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and raises the price target from $20 to $23.

Wedbush Maintains Outperform on Cinemark Hldgs, Raises Price Target to $23

Roth MKM analyst Eric Handler maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Neutral and raises the price target from $17 to $19.

Roth MKM Maintains Neutral on Cinemark Hldgs, Raises Price Target to $19

Benchmark analyst Mike Hickey reiterates Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Buy and maintains $22 price target.

Reiteration

Benchmark Reiterates Buy on Cinemark Hldgs, Maintains $22 Price Target

JP Morgan analyst David Karnovsky maintains Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Neutral and raises the price target from $17 to $19.

JP Morgan Maintains Neutral on Cinemark Hldgs, Raises Price Target to $19

WIIM

Cinemark Holdings shares are trading higher after Wells Fargo upgraded the stock from Underweight to Overweight and raised its price target from $13 to $23.

Wells Fargo analyst Steven Cahall upgrades Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) from Underweight to Overweight and raises the price target from $13 to $23.

Upgrades

Wells Fargo Upgrades Cinemark Hldgs to Overweight, Raises Price Target to $23

<h3>Gainers</h3>
<ul>
<li>MediaCo Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDIA#NASDAQ">MDIA</a>) stock rose 84.9% to $2.59 during Friday's pre-market session. The company's market cap stands at $68.2 million. </li>
<li>TuanChe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TC#NASDAQ">TC</a>) stock rose 5.26% to $2.2. The company's market cap stands at $3.6 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) stock rose 5.0% to $0.45. The market value of their outstanding shares is at $6.3 million. The company's, Q4 earnings came out 3 days ago. </li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) shares moved upwards by 4.93% to $0.16. The market value of their outstanding shares is at $5.0 million. </li>
<li>Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) stock rose 4.74% to $19.65. The company's market cap stands at $2.4 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>HWH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) shares decreased by 11.3% to $2.04 during Friday's pre-market session. The company's market cap stands at $33.0 million. </li>
<li>Able View Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABLV#NASDAQ">ABLV</a>) stock fell 7.24% to $2.05. The market value of their outstanding shares is at $85.8 million. </li>
<li>MultiMetaVerse Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) shares declined by 6.51% to $0.75. The company's market cap stands at $24.7 million. </li>
<li>Altice USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATUS#NYSE">ATUS</a>) shares decreased by 5.5% to $2.43. The company's market cap stands at $1.1 billion. </li>
<li>Gaxos.AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GXAI#NASDAQ">GXAI</a>) shares fell 5.34% to $5.68. The company's market cap stands at $6.1 million. </li>
<li>DoubleDown Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDI#NASDAQ">DDI</a>) stock decreased by 4.92% to $9.68. The company's market cap stands at $479.6 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABLV

ASST

ATUS

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GXAI

MDIA

Eaton Vance Massachusetts Municipal Income Trust

11 Communication Services Stocks Moving In Friday's Pre-Market Session

U.S. stock futures were higher this morning, with the Dow futures gaining by around 100 points on Friday.
Shares of Kura Sushi USA, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/krus#NASDAQ">KRUS</a>) climbed 6% to $110.11 in pre-market trading following the release of <a href="https://www.benzinga.com/news/earnings/24/04/38101025/kura-sushi-reports-mixed-q2-results-eps-misses-sales-beat">second-quarter results</a>.
The company reported quarterly losses of 9 cents per share, missing the analyst estimate of losses of 3 cents per share. Quarterly sales came in at $57.29 million, beating the $56.64 million analyst consensus estimate, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Kura Sushi shares climbed 6% to $110.11 in pre-market trading.
Here are some big stocks recording gains in today&rsquo;s pre-market trading session.
<ul>
<li>DigiAsia Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/faas#NASDAQ">FAAS</a>) shares climbed 61.8% to $8.90 in pre-market trading after falling 18% on Thursday.</li>
<li>Invivyd, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ivvd#NASDAQ">IVVD</a>) gained 10.9% to $3.97 in pre-market trading after the company issued PEMGARDA&trade; launch update and announced 2024 net product revenue guidance in the range of $150 million to $200 million.</li>
<li>Ventyx Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vtyx#NASDAQ">VTYX</a>) shares gained 9% to $5.34 in pre-market trading after falling 5% on Thursday.</li>
<li>Caribou Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/crbu#NASDAQ">CRBU</a>) shares climbed 5.3% to $4.78 in pre-market trading as the company expanded clinical development of CB-010 with FDA clearance of IND in Lupus.</li>
<li>Cinemark Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnk#NYSE">CNK</a>) rose 4.8% to $19.66 in pre-market trading.</li>
<li>Krispy Kreme, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dnut#NASDAQ">DNUT</a>) gained 4.4% to $14.92 in pre-market trading after Piper Sandler upgraded the stock from Neutral to Overweight and raised its price target from $14 to $20.</li>
<li>Forge Global Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/frge#NYSE">FRGE</a>) climbed 3.5% to $2.06 in pre-market trading after gaining 8% on Thursday.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38104716/kura-sushi-greenbrier-and-3-stocks-to-watch-heading-into-friday"> Kura Sushi, Greenbrier And 3 Stocks To Watch Heading Into Friday</a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

Kura Sushi Posts Upbeat Sales, Joins Caribou Biosciences, Krispy Kreme And Other Big Stocks Moving Higher In Friday's Pre-Market Session

Shares in Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) have gained nearly 24% in 2024 and are up 93% over the last year as the video streaming company has taken market share away <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37374901/netflix-the-ultimate-beneficiary-of-streaming-shift-analyst-highlights-subscription">from traditional movie theaters</a>.
Although Netflix has just <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37374901/netflix-the-ultimate-beneficiary-of-streaming-shift-analyst-highlights-subscription">announced</a> price increases to its customers, it is still among the cheapest in terms of price per hour consumed.
It has outperformed its rivals in terms of share price, too. Warner Bros Discovery Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is down 22.7% year-to-date. Earlier this week, the company <a href="https://www.benzinga.com/m-a/24/02/37345113/whats-going-on-with-warner-bros-discovery-and-paramount-global-stocks-tuesday">announced</a> it had ended merger talks with Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), which would have brought the Paramount+ streaming service into its stable.
Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) is only just behind Netflix, with a year-to-date gain of 23.5% thanks to well-received quarterly profits, reported on Feb. 8, driven by growth in its Disney+ streaming service. The company said it expected to add another 5.5-6 million subscribers in the second quarter.
Growth in streaming services, including Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Prime and Apple Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Apple TV+, has led to a slide in cinema attendance.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/01091313/newplot-2024-03-01T131248.106.png" alt="" class="wp-image-235847" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/01091313/newplot-2024-03-01T131248.106.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/01091313/newplot-2024-03-01T131248.106-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/equities/24/02/37394501/is-my-candy-bar-getting-smaller-yes-a-chocolate-crisis-means-smaller-pricier-hersheys">Is My Candy Bar Getting Smaller? Yes, A Chocolate Crisis Means Smaller, Pricier Hershey&#8217;s</a>
<h2 class="wp-block-heading">Cinema Hasn&#8217;t Fully Recovered From Pandemic</h2>
During the global COVID-19 pandemic most lockdown-restricted regular cinemagoers maintained their viewing habits through subscription to streaming services. Cinema operators have never fully recovered.
AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), the world&#8217;s largest cinema chain, saw its shares hit $393 pre-pandemic. 
While it had made financial provisions for closure during the lockdowns, it became an easy target for hedge fund short-selling strategies. Despite sporadic interventions by private investors assembled through social media campaigns, the stock continued to sink, and now stands at a lowly $4.36, having lost 30% since the start of the year.
AMC shares were down more than 13% on Wednesday after the company published its last quarter results. Although they beat Wall Street expectations, investors weren&#8217;t sufficiently impressed, given that nearly all the profit growth was thanks to two movies — &#8220;Taylor Swift: The Eras Tour&#8221; and &#8220;Renaissance: A Film By Beyoncé.&#8221;
AMC shared in 43% of the profits with Swift, who received the remaining 57%, according to the Los Angeles Times. Both Swift and Beyoncé produced and distributed their respective movies by negotiating directly with AMC. That eliminated the expensive middleman — Hollywood studios.
<h2 class="wp-block-heading">Deeper Problems Exist</h2>
But the problems the cinema industry faces go deeper than the shift in viewing habits. There&#8217;s also been a scarcity of big box office winners since last year&#8217;s strike by Hollywood actors and writers.
Among the big hopes for cinema operators, which also include Cinemark Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) and Imax Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IMAX#NYSE">IMAX</a>), is the second installment of the latest Dune franchise, &#8220;Dune: Part Two,&#8221; which opens this weekend.
Warner Bros Discovery has a foot in both the streaming and cinema camp, and was the producer of the $190 million film. Its major hit of 2023 was &#8220;Barbie,&#8221; which grossed $1.4 billion.
&#8220;The&nbsp;impact of COVID-19 on movie theaters has accelerated two pre-existing trends,&#8221; said analysts at Deloitte in a report on the cinema industry. 
&#8220;More people are staying home to enjoy movies and other entertainment, and more studios and media distributors are developing their own direct-to-consumer streaming services.&#8221;
But major box office winners have become fewer and further between. Warner also had major disappointments in 2023 with The Flash and Aquaman.
For investors, several exchange-traded funds track the streaming sector, including First Trust S-Network Streaming and Gaming ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNGE#NYSE">BNGE</a>), which is up 5.7% year to date.
Now Read: <a href="https://www.benzinga.com/news/earnings/24/02/37372651/apple-customers-remain-loyal-to-iphone-feel-vision-pro-is-too-pricey">Apple Customers Are Loyal To iPhone, Say Vision Pro Is Too Pricey</a>

Netflix's 2024 Gains Are Cinema's Loss: AMC Shares Slump Despite Box Office Boost From Taylor Swift, Beyoncé

Cinemark Holdings Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) reported fourth-quarter FY23 sales growth of 6.5% year-on-year to $638.9 million, beating the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/b37176370/cinemark-holdings-inc-reports-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">consensus of $619.7 million</a>.
Net loss attributable to Cinemark narrowed to $(18.0) million from $(99.3) million a year ago. EPS loss of $(0.15) missed the analyst&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus loss of $(0.13)</a>.
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/37174532" rel="noreferrer noopener">Cinemark Likely To Report Narrower Q4 Loss; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
Admissions revenue increased 5.8% to $322.4 million, and concession revenue increased 7.7% to $243.0 million, driven by a 3.6% increase in attendance to 40.6 million patrons. The worldwide average ticket price was $7.94, and concession revenue per patron was $5.99.
As of December 31, 2023, the company&#8217;s aggregate screen count was 5,719, and the company had commitments to open five new theatres and 43 screens over the next two years.
The company generated $79.6 million of adjusted EBITDA in the quarter versus $73.5 million a year ago.&nbsp;
The company exited the quarter with cash and equivalents worth $849.1 million.
CEO Sean Gamble said, &#8220;Key indicators pertaining to the fundamental drivers of our industry – specifically consumer behavior and product flow – were further reinforced, and our team&#8217;s outstanding operational execution and financial discipline delivered outsized results across all of our key metrics, including Revenue, Adjusted EBITDA, and Free Cash Flow.&#8221;
Also See:&nbsp;<a target="_blank" href="https://www.benzinga.com//node/36317408" rel="noreferrer noopener">Global Box Office 2024 To Decline 5% In 2023: Bad News For AMC, Cinemark?</a>
Price Action: CNK shares are trading lower by 3.81% at $17.18 premarket on the last check Friday.
Photo via Wikimedia Commons

Earnings

Equities

Cinemark's Box Office Buzz: Strong Sales Growth But Bottomline Falls Short In Q4

U.S. stocks may open Friday&#8217;s session on a mixed note as they aim to close a volatile week. The&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37165723/s-p-reclaims-5-000-as-disappointing-retail-sales-put-fed-cuts-back-on-track-small-c" rel="noreferrer noopener">S&amp;P 500&#8217;s record run</a>&nbsp;highlights ongoing upward momentum despite mixed data. Key reports on producer price inflation and consumer sentiment, including inflation expectations, could shape sentiment. Earnings reactions have varied, potentially prompting a neutral response. With a stock market holiday on Monday, trading volume may decrease, following the typical pre-holiday trend.
Cues From Thursday&#8217;s Trading
In Thursday&#8217;s trading, major indices extended gains as weak January retail sales data fueled rate-cut speculation, lifting stocks. Jobless claims fell more than expected, and regional manufacturing activity for February surpassed expectations. However, import prices surged in January, and industrial production unexpectedly declined.
While the averages initially opened lower, both the Dow Industrials and the S&amp;P 500 soon recovered, mostly staying above the unchanged line, with the latter setting a new record. The Nasdaq Composite moved decisively above the unchanged line by mid-session.
Except for IT stocks, all S&amp;P 500 sector classes closed higher, led by gains in energy, real estate, financial, utility, and real estate sectors. Small-caps once again outperformed on Thursday.
 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 Composite</td>
<td>+0.30%</td>
<td>15,906.17</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.58%</td>
<td>5,029.73</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.91%</td>
<td>38,773.12</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+2.45%</td>
<td>2,061.48</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
The recent rise in bond yields could portend weakness for equity market, said an analyst. 
&#8220;Rising Treasury yields have recently run into a key area of overhead resistance,&#8221; said LPL Chief Technical Strategist Adam Turnquist. &#8220;A breakout above the 4.35–4.40% range would not only be technically significant but also create headwinds for the broader equity market,&#8221; he said.
 &#8220;If yields continue higher, defensive sectors and international equity markets could notice a deterioration in relative strength, and vice versa if yields pull back.&#8221;
Futures Today
 Futures Performance On Friday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.58%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.22%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.09%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.13%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.22% to $503.10 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.58% to $437.05, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Labor Department is scheduled to release its producer price inflation report for January at 8:30 a.m. ET. Economists, on average, expect producer prices to rise 0.1% month-over-month and 0.6% year-over-year. In December, the inflation rates were at a negative 0.1% and a positive 1%, respectively.
The core monthly rate is expected at 0.1% compared to stable prices in December. The annual core rate may have eased from 1.8% to 1.6%.
The Commerce Department will release its housing starts report for January at 8:30 a.m. ET. Housing starts are expected to come in at a seasonally-adjusted annual rate of 1.45 million units in January, down from 1.46 million units in the previous month. Building permits, an indicator of future housing activity, may have increased from 1.493 million units to 1.509 million units.
Fed Vice Chair for Supervision Michael Barr is scheduled to speak at 9:10 a.m. ET.
The University of Michigan is due to release the results of its February preliminary consumer sentiment survey. The headline consumer sentiment index is expected at 80, a one-point improvement from January. Traders may also watch out for the inflation components of the report.
San Francisco Fed President Mary Daly will speak at 12:10 p.m. ET.
See also:<a> </a><a href="https://www.benzinga.com/money/futures-vs-options">Futures Vs. Options</a>
Stocks In Focus:
<ul>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) fell over 15.50% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following the release of its quarterly results.</li>
<li>Other stocks moving on earnings are Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) (up over 12%), Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) (up over 13%), DoorDash, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>) (down nearly 8%), DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) (down over 4%), Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) (down over 13%) and The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) (up over 18%).</li>
<li>Cinemark Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>), Barnes Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>), American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>), United States Cellular Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) and Vulcan Materials Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting their earnings ahead of the market open.</a></li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures fell 1.03% to $77.23 in early European session on Friday after the commodity rebounded by about 1.8% on Thursday. The benchmark 10-year Treasury note edged up 0.02 percentage points at 4.26%. 
Major Asian markets closed Thursday&#8217;s session mostly higher, except the Taiwanese market, which soared on Thursday after it reopened after the Lunar New Year holidays. Wall Street&#8217;s rebound generated optimism in the region&#8217;s markets.
European stocks also rallied and traded notably higher in late-morning trading.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37169552/exclusive-value-investor-is-very-happy-to-take-advantage-of-top-gold-miner-at-histo">EXCLUSIVE: Value Investor Is &#8216;Very Happy To Take Advantage&#8217; Of Top Gold Miner At Historical Discount</a>
Photo via Shutterstock

Futures

Previews

Economics

Federal Reserve

AMAT

COIN

DASH

DKNG

ROKU

Nasdaq, S&P 500 Futures Rise Ahead Of PPI Data: Analyst Flags Warning Signal That Could Pose Risk To Equity Market Rally

Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) reported quarterly losses of $(0.15) per share which missed the analyst consensus estimate of $(0.05) by 200 percent. This is a 81.71 percent increase over losses of $(0.82) per share from the same period last year. The company reported quarterly sales of $638.90 million which beat the analyst consensus estimate of $619.68 million by 3.10 percent. This is a 6.54 percent increase over sales of $599.70 million the same period last year.

Cinemark Hldgs Q4 GAAP EPS $(0.15) Misses $(0.05) Estimate, Sales $638.90M Beat $619.68M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Arbor Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>) is expected to report quarterly earnings at $0.44 per share on revenue of $97.65 million.
&bull; Liberty Broadband (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDK#NASDAQ">LBRDK</a>) is projected to report quarterly earnings at $2.33 per share on revenue of $248.00 million.
&bull; Telephone and Data (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>) is estimated to report quarterly loss at $0.12 per share on revenue of $1.28 billion.
&bull; TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) is likely to report quarterly earnings at $1.09 per share on revenue of $4.21 billion.
&bull; United States Cellular (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $984.23 million.
&bull; Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) is expected to report quarterly loss at $0.14 per share on revenue of $613.23 million.
&bull; Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) is expected to report quarterly earnings at $0.88 per share on revenue of $747.58 million.
&bull; Barnes Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $420.47 million.
&bull; DT Midstream (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DTM#NYSE">DTM</a>) is estimated to report quarterly earnings at $0.92 per share on revenue of $234.45 million.
&bull; American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) is projected to report quarterly loss at $0.19 per share on revenue of $1.42 billion.
&bull; Treehouse Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) is expected to report quarterly earnings at $0.73 per share on revenue of $925.44 million.
&bull; AdvanSix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASIX#NYSE">ASIX</a>) is estimated to report quarterly loss at $0.21 per share on revenue of $335.87 million.
&bull; Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is likely to report quarterly loss at $0.28 per share on revenue of $171.20 million.
&bull; Balchem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCPC#NASDAQ">BCPC</a>) is projected to report quarterly earnings at $0.93 per share on revenue of $234.66 million.
&bull; PPL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPL#NYSE">PPL</a>) is likely to report quarterly earnings at $0.38 per share on revenue of $1.90 billion.
&bull; Associated Cap Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AC#NYSE">AC</a>) is expected to report quarterly loss at $0.03 per share on revenue of $5.11 billion.
&bull; Liberty Broadband (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) is expected to report quarterly earnings at $3.44 per share on revenue of $250.00 million.
&bull; Vulcan Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMC#NYSE">VMC</a>) is expected to report quarterly earnings at $1.39 per share on revenue of $1.83 billion.
&bull; Healthcare Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HR#NYSE">HR</a>) is likely to report earnings for its fourth quarter.
&bull; Eni (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) is projected to report earnings for its fourth quarter.
&bull; NatWest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWG#NYSE">NWG</a>) is expected to report earnings for its fourth quarter.
<h3>&nbsp;</h3>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ASIX

BCPC

LBRDA

LBRDK

Earnings Scheduled For February 16, 2024

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index moving to the &quot;Extreme Greed&quot; zone on Thursday.
U.S. stocks closed higher on Thursday, with the S&amp;P 500 settling at a fresh record high.
On the economic data front, U.S. initial jobless claims declined by 8,000 from the previous week&rsquo;s revised reading to 212,000 during the period ending Feb. 9, versus market expectations of 220,000. U.S. retail sales fell 0.8% month-over-month in January compared to a revised 0.4% increase in December and versus market estimates of a 0.1% fall. Industrial production in the U.S. fell by 0.1% from the prior month in January.
Shares of US Foods Holding Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usfd#NYSE">USFD</a>) gained more than 3% on Thursday after the company reported better-than-expected fourth-quarter revenue results and issued FY24 net sales guidance above estimates. Herbalife Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hlf#NYSE">HLF</a>) shares fell around 32% following weak quarterly earnings.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, real estate and materials stocks recording the biggest gains on Thursday. However, information technology stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 349 points to 38,773.12 on Thursday. The S&amp;P 500 rose 0.58% at 5,029.73, while the Nasdaq Composite rose 0.30% at 15,906.17 during Thursday&rsquo;s session.
Investors are awaiting earnings results from PPL Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ppl#NYSE">PPL</a>), Portland General Electric Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/por#NYSE">POR</a>), TreeHouse Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ths#NYSE">THS</a>) and Cinemark Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnk#NYSE">CNK</a>) today.
At a current reading of 76.3, the index moved to the &quot;Extreme Greed&quot; zone on Thursday versus a prior reading of 74.7.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37150283/jim-cramer-toasts-anheuser-busch-and-molson-coors-but-recommends-buying-this-beer-stock"> Jim Cramer Toasts Anheuser-Busch And Molson Coors, But Recommends Buying This Beer Stock</a>

USFD

Investor Optimism Improves Following Economic Reports; S&P 500 Settles At Record High

Cinemark Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cnk#NYSE">CNK</a>) is expected to release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/CNK/earnings">opening bell on Feb. 16, 2024.</a>
Analysts expect the Plano, Texas-based company to report a quarterly loss at 13 cents per share, compared to a year-ago loss of 82 cents per share. Cinemark is projected to report quarterly revenue of $619.68 million, compared to $599.7 million in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Cinemark, during November, reported third-quarter FY23 sales growth of 34.5% year-on-year to $874.80 million, beating the analyst consensus of $847.28 million.
Cinemark shares rose 4.9% to close at $16.55 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings </a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let&rsquo;s have a look at how Benzinga&rsquo;s most-accurate <a href="https://www.benzinga.com/quote/CNK/analyst-ratings"> analysts have rated the company </a> in the recent period.
<ul>
<li>JP Morgan analyst David Karnovsky maintained a Neutral rating and cut the price target from $18 to $16 on Feb. 6, 2024. This analyst has an accuracy rate of 67%.</li>
<li>Goldman Sachs analyst Mike Burton maintained a Sell rating and cut the price target from $16 to $12 on Jan. 11, 2024. This analyst has an accuracy rate of 67%.</li>
<li>B. Riley Securities analyst Eric Wold downgraded the stock from Buy to Neutral and cut the price target from $23 to $15 on Jan. 2, 2024. This analyst has an accuracy rate of 82%.</li>
<li>Benchmark analyst Mike Hickey maintained a Buy rating and raised the price target from $21 to $22 on Oct. 6, 2023. This analyst has an accuracy rate of 63%.</li>
<li>Roth MKM analyst Eric Handler maintained a Neutral rating and cut the price target from $18 to $17 on July 12, 2023. This analyst has an accuracy rate of 62%.</li>
</ul>
&nbsp;
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37150283/jim-cramer-toasts-anheuser-busch-and-molson-coors-but-recommends-buying-this-beer-stock"> Cramer Toasts Anheuser-Busch And Molson Coors, But Recommends Buying This Beer Stock </a>

Cinemark Likely To Report Narrower Q4 Loss; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) is set to give its latest quarterly earnings report on Friday, 2024-02-16. Here's what investors need to know before the announcement.
Analysts estimate that Cinemark Hldgs will report an earnings per share (EPS) of $-0.14. 
Cinemark Hldgs 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>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.20, which was followed by a 0.0% drop in the share price the next day.
Here's a look at Cinemark Hldgs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.41</td>
<td>0.54</td>
<td>-0.30</td>
<td>-0.21</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.61</td>
<td>0.80</td>
<td>-0.03</td>
<td>-0.82</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-2.43%</td>
<td>1.21%</td>
<td>-2.24%</td>
<td>1.38%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1708009265_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Cinemark Hldgs were trading at $15.78 as of February 14. Over the last 52-week period, shares are up 40.98%. 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/CNK/earnings">To track all earnings releases for Cinemark Hldgs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Cinemark Hldgs's Earnings

Watching Cinemark Holdings; Traders Circulate Gordon Haskett Comments Saying 'A Large Activist With A 6.3% Stake; Expects To See The Client Make Noise At Some Point'

Wedbush analyst Alicia Reese reiterates Cinemark Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNK#NYSE">CNK</a>) with a Outperform and maintains $20 price target.

Wedbush Reiterates Outperform on Cinemark Hldgs, Maintains $20 Price Target

Anti-heroes rank high in most anticipated summer movies of 2024

Cinemark rises, receives double upgrade as Wells Fargo declares 'Movies are back!'

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Cinemark (NYSE:<a href="https://investorplace.com/stock-quotes/cnk-stock-quote/">CNK</a>) stock is in the news Friday after the movie theater chain was granted a rare double upgrade from Wells Fargo analyst Steven Cahall.



The Wells Fargo analysts bumped shares of CNK stock up from an &ldquo;underweight&rdquo; rating to an &ldquo;overweight&rdquo; rating. That&rsquo;s worth noting as the analysts&rsquo; consensus rating for CNK shares is hold based on 10 opinions.



To go along with that upgrade, Cahall increased the firm&rsquo;s price target for CNK stock from $13 per share to $23 per share. That&rsquo;s a potential upside of 22.7% over its previous closing price. It&rsquo;s also above the analysts&rsquo; consensus price prediction of $18.40 per share.



<h2>What&rsquo;s Behind the CNK Stock Upgrade?</h2>



Here&rsquo;s what the Wells Fargo analysts had to say about Cinemark in a note to clients obtained by StreetInsider.




&ldquo;Q1 DBO came in 6% above our est. The beat wasn&rsquo;t on a breakout performance, instead, several films outperformed &mdash; a sign that consumer demand is robust w/ legs to next year. CNK has lots of op leverage, and despite its YTD run the stock is still inexpensive.&rdquo;




CNK stock is up 5.9% as of Friday morning with some 2.9 million shares traded. That&rsquo;s closing in on its daily average trading volume of about 3 million shares.



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</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/wells-fargo-is-pounding-the-table-on-cinemark-cnk-stock/">Wells Fargo Is Pounding the Table on Cinemark (CNK) Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Wells Fargo Is Pounding the Table on Cinemark (CNK) Stock

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
GCT Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCTS#NYSE">GCTS</a>) stock is climbing higher on Friday after the chipmaker announced a deal with Aramco&nbsp;for 5G and 4G semiconductor ecosystems.



According to <a href="https://finance.yahoo.com/news/aramco-gct-semiconductor-holding-inc-120000562.html">a press release</a> from the company, this deal will bolster Aramco&rsquo;s 5G and 4G ecosystems in Saudia Arabia. The goal here is to increase the performance of its mission-critical and public safety networks.



GCT Semiconductor CEO John Schlaefer said the following about the Memorandum of Understanding (MOU) signed with Aramco.




&ldquo;We look forward to working with Aramco and leveraging our advanced 4G and 5G capabilities with future-focused AI-driven modem features to help develop the local ecosystem and provide reliable and fast communication for their key applications in Saudi Arabia and the broader region.&rdquo;




A focus of this collaboration will be chipsets and modules for LTE, 5G and the NTN spectrum. This will allow for the localization of wireless end-user devices and Internet of Things (IoT) manufacturing in Saudia Arabia.



<h2>How This Affects GCTS Stock</h2>



GCTS stock is experiencing heavy trading on Friday following its deal with Armaco. That has more than 23 million shares of the stock changing hands today. To put that in perspective, this is well above its daily average trading volume of 177,00 shares.



GCTS stock is up 60.4% as of Friday morning but is still down 13.4% since the start of the year.



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</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/why-is-gct-semiconductor-gcts-stock-up-60-today/">Why Is GCT Semiconductor (GCTS) Stock Up 60% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is GCT Semiconductor (GCTS) Stock Up 60% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Hub Cyber Security (NASDAQ:<a href="https://investorplace.com/stock-quotes/hubc-stock-quote/">HUBC</a>) stock is rising higher on Friday after the cyber security solutions company secured $8 million in financing.



This comes from a <a href="https://finance.yahoo.com/news/hub-cyber-security-secures-8-103500972.html">straight debt arrangement</a>. It intends to use the funds gained from this to fuel its growth, enhance working capital and fulfill obligations to creditors. The company says this allows it to maintain financial responsibilities while expanding operations.



Hub Cyber Security CEO Noah Hershcoviz said the following about the new financing.




&ldquo;Securing this financing underlines our commitment to growth and financial stability. It enables our strategic initiatives, meets creditor obligations, and reflects our dedication to transparency and accountability. Additionally, we are nearing the completion of our audit process, a crucial step in timely submitting our year-end financial reports, further affirming our commitment to our stakeholders.&rdquo;




<h2>HUBC Stock Movement</h2>



Investors will note that this is the second day of a rally for HUBC shares. The first day of the rally came about after announcing its <a href="https://investorplace.com/2024/04/hubc-stock-hub-cyber-security-pops-on-qpoint-acquisition/">acquisition of QPoint Technologies</a>. It paid an undisclosed sum for the company.



The HUBC rally today also comes with heavy trading. That has more than 74 million shares changing hands this morning. This is well above its daily average trading volume of about 800,000 shares.



HUBC stock is up 54.5% as of Friday morning.



Investors will find more of the most recent stock market stories ready to go below!



We have all of the hottest stock market news available on Friday! A few examples include what&rsquo;s happening with shares of GCT Semiconductor&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gcts-stock-quote/">GCTS</a>), Nio&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/nio-stock-quote/">NIO</a>) and Cinemark&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/cnk-stock-quote/">CNK</a>) stock today. All of this news is available at the following links!



<h2>More Stock Market News for Friday</h2>



<ul><li><a href="https://investorplace.com/2024/04/why-is-gct-semiconductor-gcts-stock-up-60-today/">Why Is GCT Semiconductor (GCTS) Stock Up 60% Today?</a></li>



<li><a href="https://investorplace.com/2024/04/nio-eyes-expanding-battery-swap-program-to-supercharge-nio-stock/">Nio Eyes Expanding Battery Swap Program to Supercharge NIO Stock</a></li>



<li><a href="https://investorplace.com/2024/04/wells-fargo-is-pounding-the-table-on-cinemark-cnk-stock/">Wells Fargo Is Pounding the Table on Cinemark (CNK) Stock</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/why-is-hub-cyber-security-hubc-stock-up-55-today/">Why Is HUB Cyber Security (HUBC) Stock Up 55% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Cinemark (NYSE:<a href="https://investorplace.com/stock-quotes/cnk-stock-quote/">CNK</a>) stock is in the news Friday after the movie theater chain was granted a rare <a href="https://www.streetinsider.com/Analyst+Comments/Wells+Fargo+Double+Upgrades+Cinemark+Holdings+%28CNK%29+to+Overweight/23031835.html">double upgrade</a> from Wells Fargo analyst Steven Cahall.



Wells Fargo bumped shares of CNK stock up from an &ldquo;underweight&rdquo; rating to an &ldquo;overweight&rdquo; rating. That&rsquo;s worth noting as the <a href="https://www.marketbeat.com/stocks/NYSE/CNK/price-target/">analyst consensus rating</a> for CNK shares is a hold based on 10 opinions.



To go along with that upgrade, Cahall increased the firm&rsquo;s price target for CNK stock from $13 per share to $23. That&rsquo;s a potential upside of 22.7% over its previous closing price. It&rsquo;s also above the analyst consensus price prediction of $18.40 per share.



<h2>What&rsquo;s Behind the CNK Stock Upgrade?</h2>



Here&rsquo;s what the Wells Fargo analysts had to say about Cinemark in a note to clients obtained by StreetInsider:




&ldquo;Q1 DBO came in 6% above our est. The beat wasn&rsquo;t on a breakout performance, instead, several films outperformed &mdash; a sign that consumer demand is robust w/ legs to next year. CNK has lots of op leverage, and despite its YTD run the stock is still inexpensive.&rdquo;




CNK stock is up 5.9% as of Friday morning with some 2.9 million shares traded. That&rsquo;s closing in on its daily average trading volume of about 3 million shares.



Investors will find more of the most recent stock market stories below!



We have all of the hottest stock market news that&rsquo;s worth reading about on Friday! That includes everything happening with shares of Apple&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>), MicroStrategy&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/mstr-stock-quote/">MSTR</a>) and Shockwave Medical&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/swav-stock-quote/">SWAV</a>) stock today. All of this news is ready to go down below!



<h2>More Stock Market News for Friday</h2>



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</ul>On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/04/wells-fargo-is-pounding-the-table-on-cinemark-cnk-stock/">Wells Fargo Is Pounding the Table on Cinemark (CNK) Stock</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Analysts have been eager to weigh in on the Communication Services sector with new ratings on Cinemark Holdings (CNK – Research Report), Paramount ...

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