Canadian Natural Res Stock (NYSE:CNQ), Trade Ideas

Canadian Natural Res

Canadian Natural Resources Ltd is an independent crude oil and natural gas exploration, development, and production company. The Company's exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The Company's exploration and production activities are conducted in three geographic segments: North America, the North Sea, and Offshore Africa. These activities include exploring, developing, producing, and marketing crude oil, natural gas liquids, and natural gas. The company has two divisions; Oil Sands Mining and Upgrading, Midstream and Refining. It derives a majority of its revenue from North America.

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US energy stocks form &#39;golden cross,&#39; signaling potential uptrend continuation, with Goldman Sachs bullish on oil prices and top picks.

Golden Cross Pattern Emerges In US Energy Stocks: Goldman Sachs Names 5 &#39;Top Upstream Oil Picks&#39;

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A look at five stocks that saw increased interest from readers. The stocks could be gaining favor among retail traders based on catalysts and upcoming events.

Benzinga&#39;s &#39;Stock Whisper&#39; Index: 5 Stocks Investors Secretly Monitor But Don&#39;t Talk About Yet

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The market will broaden the sustenance of its rally when interest-rate cuts begin to be priced in and investors begin to think about the roadmap, an analyst said.

Wall Street Waits With Bated Breath For Nvidia Earnings After Tech Selloff, Fed Minutes Eyed: Analyst Flags This As Biggest Risk For Market

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Shares of some large-cap energy stocks are trading lower despite strength in energy prices. Stocks across sectors are down amid rate cut uncertainty.

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) has outperformed the market over the past 20 years by 4.85% on an annualized basis producing an average annual return of 12.67%. Currently, Canadian Natural Res has a market capitalization of $87.06 billion. 
Buying $1000 In CNQ: If an investor had bought $1000 of CNQ stock 20 years ago, it would be worth $10,862.40 today based on a price of $81.29 for CNQ at the time of writing.
<h3>Canadian Natural Res's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712770224_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 20 Years Ago, You Would Have $11,000 Today

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) has outperformed the market over the past 5 years by 9.28% on an annualized basis producing an average annual return of 21.67%. Currently, Canadian Natural Res has a market capitalization of $82.84 billion. 
Buying $100 In CNQ: If an investor had bought $100 of CNQ stock 5 years ago, it would be worth $271.99 today based on a price of $77.35 for CNQ at the time of writing.
<h3>Canadian Natural Res's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712082622_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Canadian Natural Res 5 Years Ago Would Be Worth This Much Today

U.S. energy stocks, as tracked by the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), have recently formed what analysts term a &#8220;golden cross&#8221; as the 50-day moving average crossed above the<a href="https://www.benzinga.com/money/what-is-the-golden-cross-in-trading"> 200-day moving average.</a>
For U.S. energy stocks, this golden cross signifies the continuation of the existing uptrend, which commenced around mid-January 2024. 
When the short-term moving average rises above the long-term moving average it suggests a strengthening of recent price action, potentially prompting investors to view this as a bullish signal for the trend&#8217;s extension.
The last occurrence of a golden cross in U.S. energy stocks was in late August 2023. Its impact was short-lived, as the XLE ETF began declining after mid-September.
Contrastingly, the golden cross formed in late December 2020 resulted in significant gains, with a 33% increase for the XLE ETF over the subsequent three months, a 45% surge over the following six months, and an astounding 130% appreciation over two years.
Currently, the energy stock gauge trades with a 9-percentage-point gap from the all-time highs achieved in June 2014.
Chart: US Energy Stocks Form Bullish Golden Cross Signal
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27150609/image-61-1024x495.png" alt="" class="wp-image-267950" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27150609/image-61-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27150609/image-61-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27150609/image-61-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27150609/image-61-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27150609/image-61.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">The Analyst&#8217;s Take</h3>
Goldman Sachs analyst Neil Mehta has expressed a bullish outlook for oil prices, leading him to identify five &#8220;top Upstream oil picks.&#8221; 
These selections include ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), Canadian Natural Resources Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>), Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), Kosmon Energy Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KOS#NYSE">KOS</a>), and Magnolia Oil &amp; Gas Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGY#NYSE">MGY</a>).
The analyst expects a 15% average return in a scenario with Brent prices trading at $80 a barrel. 
According to Goldman Sachs&#8217; price target, shares of Kosmos Energy are forecasted to have the highest potential upside of 26%.
Read Now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37942317/gold-mining-stocks-eye-best-month-in-a-year-as-golden-era-for-the-precious-metal-lo">Gold Mining Stocks Eye Best Month In A Year As &#8216;Golden Era&#8217; For The Precious Metal Looms</a>
Image: Shutterstock

Golden Cross Pattern Emerges In US Energy Stocks: Goldman Sachs Names 5 'Top Upstream Oil Picks'

Each week,&nbsp;Benzinga's Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and warrant attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance to&nbsp;uncover new information.
This index layers editorial commentary to help make sense of why these stocks should be of interest and whether investors or casual readers should watch them.
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37629857/rivian-designs-beautiful-products-but-needs-to-prove-it-can-produce-vehicles-profit">Rivian Designs &#8216;Beautiful Products&#8217; But Needs To Prove It Can Produce Vehicles Profitably, Analyst Says</a>
Here is a look at the Benzinga Stock Whisper Index for the week of&nbsp;March&nbsp;15:
Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>): The electric vehicle company saw increased interest from investors after <a href="https://www.benzinga.com/markets/equities/24/03/37543686/rivian-unveils-r2-teases-r3-key-features-prices-for-model-y-competitor">unveiling its R2 </a>and R3 SUVs during a company event. The R2 was highly anticipated and an announced starting price of $45,000 could help the company better compete with EV leader Tesla. 
The company said it will start deliveries of the R2 in the first half of 2026, an accelerated timeline based on its Illinois site. Rivian will focus on building out production at its Illinois plant and is pausing construction on its upcoming Georgia plant. 
Rivian CEO RJ Scaringe recently said that there were <a href="https://www.benzinga.com/news/24/03/37572450/rivian-ceo-rj-scaringe-overwhelmed-as-68k-r2-reservations-pour-in-within-24-hours">over 68,000 reservations</a> for the R2 in the first 24 hours after the company event.
Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>): Media giant Comcast saw increased interest from investors, which could be related to its strong presence at the Academy Awards. The company's hit "Oppenheimer" was nominated for 13 awards and won seven, including key wins for Best Picture, Best Director, Best Actor and Best Supporting Actor. The company's "The Holdovers" also took home a win for Best Supporting Actress, giving the company several of the top prizes for the night. 
Investors could be anticipating a strong first quarter for the company, which is expected to be reported in April. The first quarter will include the release of "Oppenheimer" on streaming platform Peacock and the NFL's first-ever<a href="https://www.benzinga.com/general/entertainment/24/01/36647034/peacock-has-most-livestreamed-event-in-u-s-history-with-nfl-playoffs-exclusive-can-comcast-"> streaming </a>exclusive NFL Playoffs game, which is also on Peacock.
Lithium Americas Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAC#NYSE">LAC</a>): The lithium mining company <a href="https://www.benzinga.com/news/24/03/37709439/why-lithium-americas-stock-is-up-today">saw shares rise </a>after announcing it received a conditional commitment loan of $2.26 billion from the U.S. Department of Energy. The company will use the funds to help finance the construction of processing facilities at Thacker Pass.
"The United States has an incredible opportunity to lead the next chapter of global electrification in a way that both strengthens our battery supply chains and ensures that the economic benefits are directed toward American workers, companies and communities," Lithium Americas CEO Jonathan Evans said.
The company <a href="https://lithiumamericas.com/news/news-details/2024/Lithium-Americas-Reports-2023-Full-Year-and-Fourth-Quarter-Results/default.aspx">said </a>that Department of Energy loan and strategic investment from General Motors are expected to provide "the majority of the capital necessary to fund Phase 1."
SoundHound AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>): The artificial intelligence company continues to see strong interest from Benzinga readers and trends across several retail investor outlets. 
The company <a href="https://www.benzinga.com/news/earnings/24/02/37407138/soundhound-ai-q4-earnings-revenue-miss-eps-miss-backlog-growth-breakthrough-year-and-more">reported fourth-quarter </a>revenue of $17.15 million, which was up 80% year-over-year. SoundHound said cumulative subscriptions and bookings backlog for the quarter doubled from the prior year. Guidance for the company sees 2024 revenue hitting $63 million to $77 million and 2025 revenue surpassing $100 million. 
Shares of SoundHound have been hot in 2024, accelerated by a filing revealing Nvidia as an investor in the company.
Canadian Natural Resources Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>): The oil and natural gas company saw increased interest from readers, which could be related to recently <a href="https://www.cnrl.com/content/uploads/2024/02/0229-Q423-Front-End.pdf">reported </a>fourth-quarter financial results, which came in ahead of analysts' estimates. The company raised its dividend and said it is committed to targeting 100% of free cash flow returned to shareholders through dividends and share buybacks. 
Canadian Natural Resources saw record annual production in fiscal 2023 and also grew its reserves. Shares of the oil and natural gas company recently hit all-time highs.
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and<a href="https://pro.benzinga.com/feature/newsfeed/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">&nbsp;top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<a href="https://www.benzinga.com/top-stories/24/02/37186215/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">Feb. 16</a>
<a href="https://www.benzinga.com/general/education/24/02/37286874/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">Feb. 23</a>
<a href="https://www.benzinga.com/top-stories/24/03/37426633/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-nancy-pelo" target="_blank" rel="noreferrer noopener">March 1</a>
<a href="https://www.benzinga.com/general/topics/24/03/37564175/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">March 8</a>
Read Next: <a href="https://www.benzinga.com/news/24/03/37427869/soundhound-ai-impresses-with-subscription-backlog-surge-analysts-see-positive-outlook-despite-top-li">SoundHound AI Impresses with Subscription Backlog Surge: Analysts See Positive Outlook Despite Top-Line Miss</a>

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) has outperformed the market over the past 5 years by 8.79% on an annualized basis producing an average annual return of 21.6%. Currently, Canadian Natural Res has a market capitalization of $79.16 billion. 
Buying $1000 In CNQ: If an investor had bought $1000 of CNQ stock 5 years ago, it would be worth $2,638.12 today based on a price of $73.92 for CNQ at the time of writing.
<h3>Canadian Natural Res's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710363613_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $2,600 Today

DINO

Shares of energy stocks are trading higher amid strength in oil following a draw in US crude inventories and Ukraine attacks on Russian refineries.

Canadian Natural Resources shares are trading higher after the company reported better-than-expected Q4 financial results. Also, the company approved a 5% increase to its quarterly cash dividend.

Canadian Natural Resources Limited announces that its Board of Directors approved a 5% increase to its quarterly cash dividend on its common shares to C$1.05 (One dollar and five cents) per common share. The dividend will be payable on April 5, 2024 to shareholders of record at the close of business on March 15, 2024.

Dividends

Canadian Natural Resources Board Approved 5% Increase To Its Quarterly Cash Dividend To C$1.05/Share, Payable April 5, 2024

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) reported quarterly adjsuted earnings of $1.72 per share which beat the analyst consensus estimate of $1.60 by 7.44 percent. This is a 17.74 percent increase over earnings of $1.46 per share from the same period last year. The company reported quarterly sales of $7.02 billion which beat the analyst consensus estimate of $6.94 billion by 1.14 percent. This is a 2.70 percent decrease over sales of $7.21 billion the same period last year.

Canadian Natural Res Q4 Adj. EPS $1.72 Beats $1.60 Estimate, Sales $7.02B Beat $6.94B Estimate

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Earnings Scheduled For February 29, 2024

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-29. Here's what investors need to know before the announcement.
Analysts estimate that Canadian Natural Res will report an earnings per share (EPS) of $1.60. 
Canadian Natural Res 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 $0.27, which was followed by a 1.43% drop in the share price the next day.
Here's a look at Canadian Natural Res'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>1.66</td>
<td>0.88</td>
<td>1.23</td>
<td>1.65</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.93</td>
<td>0.85</td>
<td>1.25</td>
<td>1.46</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>2.0%</td>
<td>5.0%</td>
<td>2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1709128853_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Canadian Natural Res were trading at $66.11 as of February 26. Over the last 52-week period, shares are up 12.11%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/CNQ/earnings">To track all earnings releases for Canadian Natural Res visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Canadian Natural Res's Earnings: A Preview

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) has outperformed the market over the past 20 years by 4.28% on an annualized basis producing an average annual return of 11.94%. Currently, Canadian Natural Res has a market capitalization of $70.14 billion. 
Buying $1000 In CNQ: If an investor had bought $1000 of CNQ stock 20 years ago, it would be worth $9,432.11 today based on a price of $64.51 for CNQ at the time of writing.
<h3>Canadian Natural Res's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708623012_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In Canadian Natural Res 20 Years Ago Would Be Worth Today

Wall Street remains subdued following Tuesday&#8217;s sell-off, primarily driven by small-cap and tech stocks. All eyes are now on&nbsp;Nvidia Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;<a target="_blank" href="https://benzinga.com/2024/02/20/nvidias-earnings-around-the-corner-can-ai-stalwart-bulldoze-its-way-to-another-superlative-quarterly-performance/" rel="noreferrer noopener">fourth-quarter earnings report</a>, scheduled for after the closing bell.
Given the crucial nature of this event, caution is likely to be the predominant sentiment with investors anxiously awaiting Nvidia&#8217;s performance. This anticipation is further amplified by the uncertainty surrounding its ability to meet the lofty expectations placed upon it.
Adding to the market&#8217;s concerns are upcoming speeches by Federal Reserve officials and, more importantly, the Fed minutes. Both pronouncements hold the potential to shed light on the future trajectory of interest rates, another significant factor influencing investor sentiment.
Cues From Tuesday&#8217;s Trading:
Three key developments weighed down the markets on Tuesday:
<ul>
<li>Mixed retail earnings:&nbsp;Performance reports from retailers painted a mixed picture, leaving investors unsure about the health of the consumer sector.</li>
<li>Nvidia anxiety:&nbsp;Apprehension mounted regarding Nvidia&#8217;s ability to live up to the high expectations set for its upcoming earnings report.</li>
<li>Leading economic index decline:&nbsp;The Conference Board&#8217;s leading economic index experienced a larger-than-anticipated drop, raising concerns about future economic growth.</li>
</ul>
These factors contributed to a negative market atmosphere, pushing major averages down:
<ul>
<li>Tech-heavy Nasdaq and S&amp;P 500:&nbsp;Both opened lower and remained below the flatline throughout the session. The S&amp;P 500 even dipped below the psychological barrier of 5,000.</li>
<li>Dow:&nbsp;The Dow experienced some morning volatility but ultimately closed lower.</li>
<li>Small-caps:&nbsp;The Russell 2000 underperformed, dropping 1.41%.</li>
<li>Sectors:&nbsp;Only consumer staples, led by Walmart&#8217;s positive results, managed to escape the overall decline. Conversely, IT and consumer discretionary stocks took the biggest hits.</li>
</ul>
 US Index Performance On Tuesday
<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>-0.92%</td>
<td>15,630.78</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.60%</td>
<td>4,975.51</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.17%</td>
<td>38,563.80</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.41%</td>
<td>2,004.14</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
The biggest risk for the market is the Fed, according to Fund Strat&#8217;s Tom Lee. The market needs to broaden for the sustenance of the rally and it&#8217;s going to broaden when interest-rate cuts begin to be priced in and investors begin to think about the roadmap, Lee <a href="https://twitter.com/LastCallCNBC/status/1760095988050506123">said</a> in a CNBC interview.
&#8220;If inflationary pressures don&#8217;t ease and the Fed starts to sort of second guess that, I think it puts a lot of pressure on stocks,&#8221; he said.
Although the probability of a Fed rate hike is very low if the market begins to price that in, it would put pressure on stocks, he added.
Futures Today
 Futures Performance On Wednesday (as of 6:46 am ET)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.46%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.21%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.18%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.47%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.26% to $498.20 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) 0.39% to $428.91, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
Atlanta Fed President Raphael Bostic is scheduled to give the welcoming remarks at the Airports Council International CFO Summit hosted by the Regional Economic Information Network of the regional Fed bank at 8 a.m. ET.
Richmond Fed President Thomas Barkin is scheduled to give a radio interview at 9:10 a.m. ET.
Fed Governor Michelle Bowman will make a public appearance at 1 p.m. ET.
The Treasury will auction 20-year bonds at 1 p.m. ET.
The Fed is due to release the minutes of the January rate-setting meeting of the Federal Open Market Committee at 2 p.m. ET. At the meeting, the central bank opted to leave the Fed funds rate unchanged at a 22-year high of 5.25%-5.50% for a fourth straight time. Chair Jerome Powell, however, spooked investors by adopting a hawkish tone in the post-meeting press conference. Traders will likely want to sift through the minutes to gain better clarity on the interest rate outlook.
See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Palo Alto Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) fell over 22.50% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the release of the cybersecurity company&#8217;s earnings report. Other cybersecurity plays such as Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) and CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) moved sharply lower in sympathy.</li>
<li>Other stocks moving lower in earnings reactions are Caesars Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) (down over 2%), La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) (down over 8.50%), Matterport, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTTR#NASDAQ">MTTR</a>) (down over 14%), Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) (up over 2%), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>) (down about 6.70%) and Workiva Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WK#NYSE">WK</a>) (down over 3.50%).</li>
<li>Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), Bausch + Lomb Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>), Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>), Garmin Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GRMN#NYSE">GRMN</a>), Wingstop Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WING#NASDAQ">WING</a>), Wix.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) and Wolverine World Wide, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WWW#NYSE">WWW</a>) are among the notable companies reporting <a href="https://www.benzinga.com/calendars/earnings">earnings ahead of the market open.</a></li>
<li>Those reporting after the close include The Cheesecake Factory Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), Fidelity National Financial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNF#NYSE">FNF</a>), Exact Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Host Hotels &amp; Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HST#NASDAQ">HST</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Marathon Oil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>), Nordson Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>), Nvidia, Sturm, Ruger &amp; Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RGR#NYSE">RGR</a>), Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) and Sunrun Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NYSE">RUN</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures fell 0.42% to $76,72 in early European session on Wednesday after the commodity fell by 1.13% on Tuesday. The benchmark 10-year Treasury note slipped 0.004 percentage points at 4.271%. 
Most Asian markets retreated on Wednesday ahead of some key U.S. catalysts, although the Chinese and Hong Kong markets posted strong gains as domestic traders began to bake in stimulatory measures from authorities. The New Zealand market rose modestly for the day. 
European stocks showed cautious optimism by late-morning trading.
Read Next: <a href="https://www.benzinga.com/news/treasuries/24/02/37227285/government-debt-exceeds-120-of-gdp-why-former-imf-economist-very-worried-about-us-fiscal-crisis">Government Debt Exceeds 120% Of GDP: Why Former IMF Economist &#8216;Very Worried&#8217; About US Fiscal Crisis</a>

ETRN

FANG

MTDR

PTEN

Shares of oil & gas companies are trading higher amid a rebound in oil and a weakened U.S. dollar.

With January&#8217;s inflation data in the rearview mirror, U.S. stocks could strive to find their footing on Wednesday after <a href="https://www.benzinga.com/markets/equities/24/02/37103116/markets-tumble-vix-up-8-on-hot-inflation-data-dollar-yields-jump-as-traders-unwind-rate-cut-bets">hotter-than-expected January inflation data spooked traders</a> in the previous session. The earnings news flow continues to be mixed, although there have been notable upward moves in certain stocks in reaction to quarterly numbers. The lone piece of Main Street catalyst due for the day is a speech by a supposedly &#8220;centrist&#8221; Fed official. 
Cues From Tuesday&#8217;s Trading:
All of January&#8217;s headline inflation readings came in more than expected, sending bond yields soaring and stocks lower on Tuesday. The averages opened uniformly lower and moved roughly sideways before dropping to intraday lows by late afternoon trading. Although the indices trimmed some of their losses in late trading, they closed well below the flat line.
The &#8220;CPI report caught a lot of people off guard – many investors were expecting the Fed to begin cutting rates and were spending a lot of time arguing that the Fed was taking too long to get started – not appreciating that inflation could be sticky and not continue down in a straight line, said Independent Advisor Alliance Chief Investment Officer Chris Zaccarelli.
The Nasdaq Composite and the S&amp;P 500 Index ended at their lowest level in about a week, with the latter dropping below the 5,000 mark, and the 30-stock Dow Industrials fell to its lowest level in February The worst-hit were the small-cap stocks as they plummeted in the session.
Tuesday&#8217;s sell-off was broad-based, with the consumer discretionary sector leading the slide.
 US Index Performance On Tuesday
<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>-1.80%</td>
<td>15,655.60</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-1.37%</td>
<td>4,953.17</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.35%</td>
<td>38,272.75</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-3.96%</td>
<td>1,964.17</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
Tuesday&#8217;s pullback could be technical, said Blue Chip Daily Trend Report Chief Technical Strategist Larry Tentarelli. &#8220;We view this as standard technical pullback from recent highs and see support in the 36,950-37,700 range. We expect to be buyers of the pullback over the next 2-5 days,&#8221; he said.
LPL Financial&#8217;s  Chief Global Strategist Quincy Krosby said the path to rate cuts could be getting longer. &#8220;Even though rate cuts will probably begin in 2024, it's not if but when the last mile is getting longer,&#8221; he said.
Futures Today
 Futures Performance On Wednesday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.76%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.58%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.23%</td>
</tr>
<tr>
<td>R2K</td>
<td>+1.04%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.54% to $496.75 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.73% to $431.66, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
Chicago Fed President Austan Goolsbee is scheduled to speak at 9:30 a.m. ET.
The Energy Information Administration is due to release its customary weekly petroleum status report at 10:30 a.m. ET.
Fed Vice Chair for Supervision Michael Barr will make a public appearance at 4 p.m. ET.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li> Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) jumped over 19.5% in premarket trading following its quarterly results announcement.</li>
<li>Among other stocks moving on earnings are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) (down over 5%), Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) (down over 3.5%), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>) (up over 5.5%), MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) (down over 3.5%), Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) (up over 11%), QuidelOrtho Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) (down about 40%), and Upstart Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NASDAQ">UPST</a>) (down about 19%).</li>
<li>Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>), Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>), CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>), Global Payments Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPN#NYSE">GPN</a>), The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>), Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) and Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>) are among the companies due to report their quarterly results ahead of the market open.</li>
<li>Notable names reporting after the close include Albemarle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALB#NYSE">ALB</a>), Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>), HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>), Kinross Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>), Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) and Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>).</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) climbed over 7.5% in sympathy with Robinhood.</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures slipped 0.15% to $77.75 in early European session on Wednesday after the commodity rallied 1.24% in the previous session. The dollar&#8217;s strength on Tuesday did not deter the commodity as it rose for a seventh straight session.
 The benchmark 10-year Treasury note edged down 0.023 percentage points at 4.293%. The yield rose 3.51% on Tuesday, topping the 4.30% mark since early December.
Most Asian markets retreated on Wednesday even as the Chinese and Taiwanese markets continued to remain closed for the New Year holidays. Wall Street&#8217;s pullback on the back of the U.S. inflation data served as a negative trigger. 
Bucking the downtrend were the Hong Kong market, which reopened after the long weekend, and the Indian market.
European markets rose moderately by late-morning deals as traders reacted to a slew of domestic economic data, including the eurozone GDP as well as the jobs and industrial output data. The Euro Stoxx 50 Index last traded up 0.35%. The second estimate released by Eurostat showed that the 20-nation economy skirted a recession by recording a stagnation in the fourth quarter.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37118013/emerging-markets-guru-says-time-to-go-shopping-for-hidden-gems-at-a-steal-as-he-see">Emerging Markets Guru Says &#8216;Time To Go Shopping For Hidden Gems At A Steal&#8217; As He Sees Opportunities In Bruised Chinese, Hong Kong Stocks</a>
Photo via Shutterstock

ABNB

AKAM

COIN

CSCO

FSLY

GOLD

HOOD

HUBS

LYFT

QDEL

TRIP

TWLO

UPST

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US Stocks Priming For Relief Rally After Inflation-Driven Selloff: Strategist Expects To Be Among 'Buyers Of Pullback' Over Next 2-5 Days

Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) has outperformed the market over the past 5 years by 4.45% on an annualized basis producing an average annual return of 17.0%. Currently, Canadian Natural Res has a market capitalization of $66.14 billion. 
Buying $1000 In CNQ: If an investor had bought $1000 of CNQ stock 5 years ago, it would be worth $2,290.81 today based on a price of $60.83 for CNQ at the time of writing.
<h3>Canadian Natural Res's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707769828_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Canadian Natural Res Stock In The Last 5 Years

U.S. stock futures suggest a subdued start for Wall Street on Thursday amidst anticipation of more earnings reports. The Dow may find support from&nbsp;Walt Disney Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) premarket rally following&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/36993564/disney-invests-1-5b-in-fortnite-owner-epic-games-in-biggest-ever-gaming-entry-posts-q1-earnings-bea" rel="noreferrer noopener">a quarterly earnings beat</a>, while bond yields hover above 4.1%. Oil is up for a fourth straight session, potentially lifting energy stocks.
Focus now shifts to the jobless claims report for labor market insights, with market overbought levels prompting a defensive stance. The S&amp;P 500 nears the psychological 5,000 mark, awaiting momentum confirmation.
Cues From Wednesday's Trading:
U.S. stocks surged to record highs on positive earnings and comments from Federal Reserve officials. Major averages opened higher, consolidating later. Dow and S&amp;P 500 closed at records, the Nasdaq Composite hit a 25-month high, and the Nasdaq 100 Index reached a new peak.
Nine of 11 S&amp;P 500 sectors closed higher, led by IT, consumer discretionary, and communication services. Real estate and consumer staple sectors saw modest weakness.
 US Index Performance On Wednesday
<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>+0.95%</td>
<td>15,756.64</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.82%</td>
<td>4,995.06</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.40%</td>
<td>38,677.36</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.17%</td>
<td>1,953.63</td>
</tr>
</tbody>
</table>
</figure>
Analyst Color:
The market breadth will likely improve, according to comments from economic David Rosenberg. He shared a chart showing the earnings growth split between the &#8220;Magnificent Seven&#8221; stocks and the remaining 493 S&amp;P 500 companies, which showed contribution from the former offsetting the negative growth of the latter.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Magnificent 7 drove the S&amp;P 500 last year while the remaining 493 companies fell by the wayside. This year will be a different story, with earnings growth for both segments set to change course… good news for value investors! <a href="https://t.co/B3EUTW3aiC">pic.twitter.com/B3EUTW3aiC</a>
&mdash; David Rosenberg (@EconguyRosie) <a href="https://twitter.com/EconguyRosie/status/1755305495630418050?ref_src=twsrc%5Etfw">February 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;This year will be a different story, with earnings growth for both segments set to change course… good news for value investors!&#8221; the economist said.
The view was echoed by fund manager Louis Navellier in a recent note. &#8220;The stock market is not overvalued yet in the small-to-mid capitalization arena, so the rally this year could be a &#8216;launching pad&#8217; that propels our stocks dramatically higher for 2024 and beyond,&#8221; he said.
Futures Today
 Futures Performance On Thursday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.13%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.13%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.09%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.43%</td>
</tr>
</tbody>
</table>
</figure>
<a href="https://www.benzinga.com/premarket/">In premarket trading</a> on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved down 0.12% to $497.52 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.09% to $431.59, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Labor Department is scheduled to release its customary weekly jobless claims report at 8:30 a.m. ET. Economists, on average, expect the number of individuals claiming unemployment benefits to come in at 220,000 in the week ended Feb. 3, down from the previous week&#8217;s 224,000.
The Commerce Department is due to release its wholesale inventories report for December at 8 a.m. ET. The consensus calls for a 0.3% month-over-month increase in wholesale inventories compared a 0.2% drop in the previous month.
Richmond Fed President Thomas Barkin speaks will speak at 12:05 p.m. ET.
The Treasury is set to auction 30-year bonds at 1 p.m. ET. 
See also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Stocks In Focus:
<ul>
<li>Shares of data-streaming platform Confluent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFLT#NASDAQ">CFLT</a>) and British chipmaker Arm Holdings plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) jumped over 25% each in premarket trading following their quarterly results announcement.:</li>
<li>Other stocks moving on earnings are Monolithic Power Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) (up over 7.5%), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) (down over 7%), News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>) (up over 3%), O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) (down about 5%), PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) (down over 8.6%), Disney (up about 6.50%), and Wynn Resorts Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) (up about 2.50%).</li>
<li>Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>), ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>), CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), Harley-Davidson, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOG#NYSE">HOG</a>), The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>), Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>), Ralph Lauren Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>), S&amp;P Global Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>), Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>), and Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>)are among the major companies that report ahead of the market open.</li>
<li>Notable names reporting after the close include Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), Boyd Gaming Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NASDAQ">BYD</a>), Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Lions Gate Entertainment Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGF#NYSE">LGF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGF#NYSE">LGF</a>), Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), Synaptics Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) and VeriSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures rose 0.84% to $74.48 in early European session on Thursday, adding to the 0.75% gain in the previous session. The commodity has gained in all three sessions of the week so far. The benchmark 10-year Treasury note rose 0.025 percentage points to 4.123% on Thursday.
Asian stocks ended Thursday&#8217;s session mixed, with China extending its gains amid hopes of policy support for the battered domestic equity market. The hopes gained ground amid the release of a duo of inflation reports that suggested the continuation of deflationary conditions. 
 Japan&#8217;s Nikkei 225 average was among the outperformers in the region as it rose to fresh 34-year highs, while the Hong Kong and Indian markets fell sharply.
Major European markets traded in the green in late-morning trading amid the ongoing earnings news flow, with the Euro Stoxx 50 Index showing moderate gains.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/02/36999228/cathie-woods-ark-rose-to-prominence-with-tesla-bet-in-2020-but-did-arkk-miss-out-big-on-other-ma">Cathie Wood&#8217;s Ark Rose To Prominence with Tesla Bet in 2020, But Did ARKK Miss Out Big On Other &#8216;Magnificent 7&#8217; Opportunities?</a>
Image made via AI on MidJourney

AFRM

CFLT

CYBR

EXPE

GPRO

ILMN

Lions Gate Entertainment Corporation Class A Voting Shares

LGF/A

MPWR

ORLY

PINS

PYPL

SAVE

SPGI

SYNA

TTWO

VRSN

WYNN

US Stocks On Backfoot Amid Overbought Levels, S&P 500 Eyes Break Above 5K: Analyst Sees 'Dramatically Higher' Market Surge From Rally This Year

RBC Capital analyst Greg Pardy reiterates Canadian Natural Res (TSX:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#TSX">CNQ</a>) with a Outperform and maintains C$94 price target.

Reiteration

TSX:CNQ

RBC Capital Reiterates Outperform on Canadian Natural Res, Maintains C$94 Price Target

JP Morgan analyst John Royall maintains Canadian Natural Res (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) with a Neutral and raises the price target from C$101 to C$102.

JP Morgan Maintains Neutral on Canadian Natural Res, Raises Price Target to C$102

Tamarack Valley shuts production after Alberta gas plant fire