GoPro Stock (NASDAQ:GPRO), Trade Ideas

GoPro

GoPro Inc is a United States-based company that is principally engaged in designing and providing cameras, mounts, drones and appliances. The company outsources a part of manufacturing to third parties in China. The company sells products across the world through its direct sales channel, which generates over half of total revenue, and indirectly through its distribution channel. The company has presence, including in the Americas, Europe, Middle East, Africa, and Asia-Pacific, with the Americas contributing over half of total revenue.

GPRO

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GoPro to reduce global workforce by 4% to cut costs and improve leverage. Estimated $7.5M in costs and $2.2M in office charges through Jan 2027.

GoPro Undergoes Restructuring: Aims To Slash Costs With Workforce And Office Space Cuts

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Shares of  Compass Minerals International, Inc. (NYSE: CMP) fell sharply during Thursday’s session following downbeat results.

Why Compass Minerals International Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

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Focus now shifts to the jobless claims report for labor market insights, with market overbought levels prompting a defensive stance.

US Stocks On Backfoot Amid Overbought Levels, S&amp;P 500 Eyes Break Above 5K: Analyst Sees &#39;Dramatically Higher&#39; Market Surge From Rally This Year

GoPro Inc

<a href="https://twitter.com/CitronResearch/status/1780632112959205521" title="https://twitter.com/CitronResearch/status/1780632112959205521">https://twitter.com/CitronResearch/status/1780632112959205521</a>

Analyst Ratings

GRMN

Citron Research Posts On X "Look At The Woodman Discount. $GRMN Vs $GPRO EV/Sales. And Yes, Shareholders Still Pay For His Plane"

<a href="https://twitter.com/CitronResearch/status/1780631313520730456">https://twitter.com/CitronResearch/status/1780631313520730456</a>
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Citron Research Posts On X "$GPRO  Shareholders Consider This. If $GRMN Bought $GRPO For $4.50 A Share (A Deal Everyone Has Been Waiting For) GRMN Would Add 20% To Their Top Line By Spending  2% Of The Market Cap...But This Is The Person Standing In The Way. Disgusting"

<a href="https://twitter.com/CitronResearch/status/1780620497383760308 " title="https://twitter.com/CitronResearch/status/1780620497383760308 ">https://twitter.com/CitronResearch/status/1780620497383760308&nbsp;</a>
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Management

Citron Research Posts Poll On X Implying CEO Nick Woodman 'Owes His Shareholders Money'

GoPro, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) disclosed a plan to reduce its global workforce by about 4% to lower operating costs and drive stronger operating&nbsp;<a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001500435/46d470e2-ddfa-4c16-a360-504c3256ff77.pdf" rel="noreferrer noopener">leverage</a>.
The company expects the restructuring to result in estimated aggregate costs of about $7.5 million.&nbsp;
GoPro projects cash expenditures of about $2.0 million of the estimated aggregate costs from the job cut in the first quarter of 2024.
The remaining expenditures will mainly related to planned reductions of office space.&nbsp;
The company estimates impairment charges of around $3.3 million in the first quarter of 2024 due to a reduction in office space and anticipates roughly $2.2 million of office space charges through January 2027.&nbsp;
GoPro projects that a substantial portion of these restructuring charges will be reflected in its GAAP results for the first quarter of the fiscal year ended December 31, 2024.
Investors can gain exposure to the stock via&nbsp;Invesco NASDAQ Future Gen 200 ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQS#NASDAQ">QQQS</a>) and&nbsp;Global X Millennial Consumer ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MILN#NASDAQ">MILN</a>).
Price Action: GPRO shares closed lower by 2.64% at $2.21 on Tuesday.&nbsp;

The restructuring of the Company&rsquo;s business will result in estimated aggregate costs of approximately $7.5 million. Cash expenditures will be approximately $2.0 million of the estimated aggregate costs in the first quarter of 2024 as a result of a reduction in force. The remaining expenditures primarily pertain to planned reductions of office space. The Company estimates impairment charges of approximately $3.3 million in the first quarter of 2024 related to the reduction in office space. The Company anticipates approximately $2.2 million of the office space charges through January 2027. The Company anticipates that a substantial portion of these restructuring charges will be reflected in its GAAP results for the first quarter of the fiscal year ended December 31, 2024.

GoPro Intends To Reduce Its Global Workforce By Approximately 4% In Order To Reduce Operating Costs And Drive Operating Leverage - Filing

GoPro's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NYSE">GPRO</a>) short percent of float has risen 6.46% since its last report. The company recently reported that it has 7.16 million shares sold short, which is 5.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.48 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>GoPro Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708026321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for GoPro has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing GoPro's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, GoPro's peer group average for short interest as a percentage of float is 2.07%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into GoPro's Recent Short Interest

Shares of Compass Minerals International, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cmp#NYSE">CMP</a>) fell sharply during Thursday&rsquo;s session following downbeat results.
Compass Minerals Intl posted quarterly adjusted earnings of 5 cents per share, missing market estimates of 26 cents per share. The company&rsquo;s quarterly sales came in at $341.70 million versus expectations of $357.90 million.
Compass Minerals International shares fell 9% to $20.52 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Syra Health Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/syra#NASDAQ">SYRA</a>) shares jumped 310% to $4.71 after the company announced a partnership for a federal contract valued at $75 billion.</li>
<li>Hitek Global Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hkit#NASDAQ">HKIT</a>) surged 305% to $4.6220 after jumping more than 60% on Wednesday.</li>
<li>MicroAlgo Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlgo#NASDAQ">MLGO</a>) shares climbed 160% to $1.48.</li>
<li>CCSC Technology International Holdings Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cctg#NASDAQ">CCTG</a>) shares gained 90.3% to $4.9299 after falling 20% on Wednesday.</li>
<li>U Power Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ucar#NASDAQ">UCAR</a>) climbed 75% to $0.1153. The company appointed Jean Christophe von Pfetten as an independent director and a member of the Board&rsquo;s Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee, effective February 1, 2024.</li>
<li>WiMi Hologram Cloud Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wimi#NASDAQ">WIMI</a>) shares rose 53.3% to $1.2290 after gaining over 26% on Wednesday.</li>
<li>Bit Brother Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bets#NASDAQ">BETS</a>) shares climbed 51.2% to $2.69 amid strength in Bitcoin.</li>
<li>Arm Holdings plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arm#NASDAQ">ARM</a>) shares climbed 47.3% to $113.41 after the company reported better-than-expected third-quarter financial results and issued FY24 guidance above estimates.</li>
<li>Zhongchao Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zcmd#NASDAQ">ZCMD</a>) rose 41.5% to $0.4250.</li>
<li>WeTrade Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wetg#NASDAQ">WETG</a>) gained 38.6% to $3.05.</li>
<li>Meiwu Technology Company Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wnw#NASDAQ">WNW</a>) jumped 37% to $1.6205.</li>
<li>Healthcare Triangle, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcti#NASDAQ">HCTI</a>) surged 36% to $3.8250.</li>
<li>Oscar Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oscr#NYSE">OSCR</a>) shares rose 21.2% to $16.27 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Roma Green Finance Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roma#NASDAQ">ROMA</a>) shares gained 20.4% to $0.94 after declining over 5% on Wednesday.</li>
<li>Mineralys Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mlys#NASDAQ">MLYS</a>) surged 18.5% to $14.77. Mineralys Therapeutics announced a $120 million private placement financing.</li>
<li>Viking Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vktx#NASDAQ">VKTX</a>) rose 17.6% to $28.78 following quarterly results.</li>
<li>Bitdeer Technologies Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btdr#NASDAQ">BTDR</a>) climbed 17.6% to $8.34.</li>
<li>QuinStreet, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qnst#NASDAQ">QNST</a>) climbed 15.4% to $14.90 following upbeat results.</li>
<li>AST SpaceMobile, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/asts#NASDAQ">ASTS</a>) gained 15% to $2.9950. AST SpaceMobile announced a new contract award with United States Government through prime contractor.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) gained 15% to $20.70 after surging 1,100% on Wednesday. The company announced it planned to join the Communications Industry Association.</li>
<li>Monolithic Power Systems, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mpwr#NASDAQ">MPWR</a>) rose 14.3% to $737.95 after the company reported better-than-expected quarterly financial results and increased its quarterly cash dividend from $1 to $1.25 per share.</li>
<li>Ralph Lauren Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rl#NYSE">RL</a>) rose 12.4% to $165.41 following strong earnings.</li>
<li>Advanced Drainage Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wms#NYSE">WMS</a>) climbed 12.3% to $155.12 after the company reported better-than-expected third-quarter financial results, raised FY24 net sales guidance above estimates and increased its quarterly cash dividend.</li>
<li>Belden Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bdc#NYSE">BDC</a>) gained 12% to $83.42 following upbeat results.</li>
<li>Worthington Steel, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ws#NYSE">WS</a>) gained 10% to $33.13.</li>
<li>The Walt Disney Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dis#NYSE">DIS</a>) rose 9.5% to $108.54 after the company reported better-than-expected earnings for its first quarter and declared a cash dividend of 45 cents per share. The company announced a new share repurchase program and said it expects fiscal 2024 earnings of roughly $4.60 per share. Disney also announced a $1.5 billion investment in leading video game company Epic Games.</li>
<li>Spectrum Brands Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spb#NYSE">SPB</a>) gained 9% to $87.18 following better-than-expected quarterly earnings.</li>
<li>EverQuote, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ever#NASDAQ">EVER</a>) gained 8.3% to $14.57. EverQuote is expected to report fourth quarter financial results after the market close on Feb. 26, 2024.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Tenax Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tenx#NASDAQ">TENX</a>) shares fell 64.4% to $5.08 after the company announced the pricing of its $9 million public offering.</li>
<li>Bakkt Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bkkt#NYSE">BKKT</a>) fell 34.8% to $0.9442.</li>
<li>Phoenix Biotech Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pbax#NASDAQ">PBAX</a>) fell 32.7% to $4.7272.</li>
<li>Yield10 Bioscience, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yten#NASDAQ">YTEN</a>) fell 29.7% to $0.26 after the company an update on its Omega-3 Camelina program.</li>
<li>Cadrenal Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvkd#NASDAQ">CVKD</a>) declined 28% to $0.8147. Cadrenal Therapeutics named Jeff Cole as Chief Operating Officer in advance of Tecarfarin Phase 3 pivotal trial.</li>
<li>Solidion Technology Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sti#NASDAQ">STI</a>) fell 24.6% to $1.32.</li>
<li>Dynatronics Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dynt#NASDAQ">DYNT</a>) dipped 24.4% to $0.5121.</li>
<li>MariaDB plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mrdb#NYSE">MRDB</a>) shares fell 23.4% to $0.36 after gaining around 95% on Wednesday.</li>
<li>23andMe Holding Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/me#NASDAQ">ME</a>) fell 22.7% to $0.56 after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Digital Turbine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>) shares dipped 20% to $4.03 after the company reported worse-than-expected third-quarter financial results.</li>
<li>Insperity, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nsp#NYSE">NSP</a>) fell 19.4% to $91.12 following quarterly results.</li>
<li>Lightspeed Commerce Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lspd#NYSE">LSPD</a>) declined 19.4% to $15.78 after the company reported third-quarter financial results.</li>
<li>Lumentum Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lite#NASDAQ">LITE</a>) fell 16.3% to $49.21 following quarterly results.</li>
<li>GoPro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpro#NASDAQ">GPRO</a>) shares fell 12.9% to $2.5250 following weak sales for the fourth quarter.</li>
<li>Mangoceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mgrx#NASDAQ">MGRX</a>) shares dipped 11.4% to $0.3650 after falling 8% on Wednesday.</li>
<li>Everest Group, Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eg#NYSE">EG</a>) fell 10.4% to $344.20 after the company reported mixed fourth-quarter financial results.</li>
<li>PayPal Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) shares declined 10.3% to $56.67. PayPal reported upbeat earnings and sales results for its fourth quarter on Wednesday. However, the company said it expects full-year 2024 adjusted earnings to be in line with full-year 2023 earnings of $5.10 per share.</li>
<li>Envista Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvst#NYSE">NVST</a>) fell 10% to $21.81 following weak earnings.</li>
<li>Axcelis Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acls#NASDAQ">ACLS</a>) shares tumbled 9.5% to $119.06 after the company reported fourth-quarter financial results.</li>
<li>TruGolf Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trug#NASDAQ">TRUG</a>) shares fell 9.3% to $1.65 after climbing over 18% on Wednesday.</li>
<li>NETGEAR, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntgr#NASDAQ">NTGR</a>) declined 8.6% to $13.08. NETGEAR said it expects first-quarter net revenue of $155 million to $170 million.</li>
<li>BorgWarner Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bwa#NYSE">BWA</a>) fell 8.4% to $30.98 after it reported fourth-quarter results.</li>
<li>CalAmp Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/camp#NASDAQ">CAMP</a>) fell 7.8% to $2.36 after dipping 11% on Wednesday.</li>
<li>Snap-on Incorporated (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sna#NYSE">SNA</a>) fell 7.6% to $272.12 following fourth-quarter results.</li>
<li>ThermoGenesis Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/thmo#NASDAQ">THMO</a>) shares declined 7% to $0.78 after jumping over 42% on Wednesday.</li>
<li>AstraZeneca PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/azn#NASDAQ">AZN</a>) fell 5.8% to $62.68 after the company reported worse-than-expected quarterly financial results.</li>
</ul>
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Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37009155/processa-pharmaceuticals-and-2-other-penny-stocks-insiders-are-buying"> Processa Pharmaceuticals And 2 Other Penny Stocks Insiders Are Buying </a>

Why Compass Minerals International Shares Are Trading Lower By Around 9%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

WIIM

GoPro shares are trading lower after the company reported worse-than-expected Q4 sales results.

Wedbush analyst Alicia Reese downgrades GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) from Outperform to Neutral and lowers the price target from $4 to $2.

Downgrades

Price Target

Wedbush Downgrades GoPro to Neutral, Lowers Price Target to $2

<h3>Gainers</h3>
<ul>
<li>Visionary Education Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GV#NASDAQ">GV</a>) stock increased by 56.1% to $0.25 during Thursday's pre-market session. The company's market cap stands at $12.9 million. </li>
<li>U Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCAR#NASDAQ">UCAR</a>) shares rose 44.61% to $0.1. The market value of their outstanding shares is at $5.9 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock increased by 40.84% to $0.8. The company's market cap stands at $41.4 million. </li>
<li>Kaixin Auto Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) stock increased by 32.84% to $0.31. The market value of their outstanding shares is at $8.2 million. </li>
<li>2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) stock moved upwards by 20.38% to $0.85. The company's market cap stands at $70.1 million. </li>
<li>Esports Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMBL#NASDAQ">GMBL</a>) stock rose 10.61% to $2.71. The market value of their outstanding shares is at $2.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) shares declined by 15.2% to $2.46 during Thursday's pre-market session. The company's market cap stands at $374.0 million. The company's, Q4 earnings came out yesterday. </li>
<li>Selina Hospitality (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) stock declined by 10.8% to $0.39. The company's market cap stands at $42.6 million. </li>
<li>China Liberal Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) stock fell 7.72% to $2.63. The company's market cap stands at $8.6 million. </li>
<li>BorgWarner (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWA#NYSE">BWA</a>) stock declined by 5.41% to $32.0. The company's market cap stands at $7.5 billion. As per the news, the Q4 earnings report came out today. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) stock decreased by 5.25% to $0.35. The company's market cap stands at $5.0 million. </li>
<li>Purple Innovation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRPL#NASDAQ">PRPL</a>) stock fell 5.18% to $1.1. The company's market cap stands at $116.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CLEU

GDHG

GMBL

KXIN

MGOL

PRPL

SLNA

TWOU

12 Consumer Discretionary Stocks Moving In Thursday's Pre-Market Session

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

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

U.S. stock futures were mixed this morning, with the Dow futures trading lower by around 10 points on Thursday.
Shares of PayPal Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) fell sharply in today&rsquo;s pre-market trading after the company <a href="https://www.benzinga.com/news/earnings/24/02/36993199/paypal-q4-earnings-revenue-beat-eps-beat-payment-volumes-up-15-active-accounts-down-2-soft-guidance">posted quarterly results.</a>
PayPal reported upbeat earnings and sales results for its fourth quarter on Wednesday. However, the company said it expects full-year 2024 adjusted earnings to be in line with full-year 2023 earnings of $5.10 per share. Current analyst estimates are calling for full-year earnings of $5.48 per share, per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
PayPal shares dipped 8.3% to $57.91 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Digital Turbine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>) shares fell 14.6% to $4.30 in pre-market trading after the company reported worse-than-expected third-quarter financial results.</li>
<li>Axcelis Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acls#NASDAQ">ACLS</a>) shares tumbled 9.5% to $118.99 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>Rapid7, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rpd#NASDAQ">RPD</a>) shares declined 7.8% to $52.55 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>GoPro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpro#NASDAQ">GPRO</a>) shares fell 7.6% to $2.68 in pre-market trading following weak sales for the fourth quarter.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) shares declined 7.4% to $10.67 in pre-market trading.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>) shares fell 7.2% to $12.30 in pre-market trading after gaining over 6% on Wednesday.</li>
<li>Sana Biotechnology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sana#NASDAQ">SANA</a>) shares declined 5.7% to $5.75 in pre-market trading after reporting pricing of upsized public offering.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/36999307/fear-greed-index-moves-to-extreme-greed-zone-s-p-500-settles-near-5-000-mark"> Fear &amp; Greed Index Moves To &#39;Extreme Greed&#39; Zone; S&amp;P 500 Settles Near 5,000 Mark </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

NYXH

SANA

PayPal Reports Q4 Results, Joins Rapid7, GoPro And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>ECD Automotive Design (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ECDA#NASDAQ">ECDA</a>) shares increased by 5.9% to $1.08 during Wednesday's after-market session. The market value of their outstanding shares is at $34.4 million. </li>
<li>Foresight Autonomous (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSX#NASDAQ">FRSX</a>) stock increased by 4.54% to $1.15. The market value of their outstanding shares is at $17.6 million. </li>
<li>Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>) stock rose 3.9% to $0.28. The market value of their outstanding shares is at $15.8 million. </li>
<li>SRIVARU Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVMH#NASDAQ">SVMH</a>) stock increased by 3.8% to $0.18. The company's market cap stands at $6.7 million. </li>
<li>Wynn Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) shares increased by 3.47% to $103.3. The company's market cap stands at $11.6 billion. The company's, Q4 earnings came out today. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) stock declined by 5.9% to $2.73 during Wednesday's after-market session. The company's market cap stands at $414.9 million. As per the news, the Q4 earnings report came out today. </li>
<li>1stdibs.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIBS#NASDAQ">DIBS</a>) shares declined by 5.69% to $4.15. The company's market cap stands at $165.9 million. </li>
<li>Golden Heaven Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDHG#NASDAQ">GDHG</a>) stock decreased by 4.9% to $0.54. The company's market cap stands at $27.9 million. </li>
<li>Yoshiharu Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YOSH#NASDAQ">YOSH</a>) stock declined by 4.36% to $4.61. The company's market cap stands at $5.9 million. </li>
<li>Aterian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATER#NASDAQ">ATER</a>) shares fell 4.34% to $0.33. The company's market cap stands at $29.8 million. </li>
<li>1-800-Flowers.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLWS#NASDAQ">FLWS</a>) shares decreased by 3.9% to $9.37. The market value of their outstanding shares is at $608.1 million. As per the press release, Q2 earnings came out 4 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ATER

DIBS

ECDA

FLWS

FRSX

SVMH

YOSH

ZAPP

11 Consumer Discretionary Stocks Moving In Wednesday's After-Market Session

GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) reported quarterly Adj earnings of $0.02 per share which met the analyst consensus estimate. This is a 83.33 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $295.42 million which missed the analyst consensus estimate of $326.12 million by 9.41 percent. This is a 7.97 percent decrease over sales of $321.02 million the same period last year.

GoPro Q4 Adj EPS $0.02, Inline, Sales $295.42M Miss $326.12M Estimate

U.S. stock futures remain narrowly mixed ahead of the market open on Wednesday as early indicators suggest a lack of direction. While most <a href="https://www.benzinga.com/news/earnings/24/02/36972760/disney-yum-brands-and-3-stocks-to-watch-heading-into-wednesday" target="_blank" rel="noreferrer noopener">earnings reports have been positive</a>, there have been some disappointments too. The focus once again shifts to speeches by Federal Reserve officials, as traders seek clarity on the potential schedule for rate cuts. Additionally, market participants will be monitoring the 10-year note auction and the Congressional Budget Office&#8216;s briefing on the economic outlook.
Cues From Tuesday&#8217;s Trading
U.S. stocks closed Tuesday&#8217;s session with modest gains amid ongoing earnings releases. However, uncertainty persisted regarding potential rate cuts, with comments from Federal Reserve officials offering mixed signals. While Minneapolis Fed President Neel Kashkari suggested continued vigilance on inflation, Cleveland Fed President Loretta Mester hinted at possible rate cuts if economic conditions align with expectations. Despite opening higher, stocks relinquished early gains before staging a late-session rally. The S&amp;P 500 Index and the Dow Industrials ended below their previous all-time highs, with IT and communication services facing selling pressure while material, healthcare, and real estate sectors outperformed.
 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>+0.07%</td>
<td>15,609.00</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.23%</td>
<td>4,954.23</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.37%</td>
<td>38,521.36</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.85%</td>
<td>1,953.63</td>
</tr>
</tbody>
</table>
</figure>
Analyst Color:
Even as the economy remains strong and earnings exceed expectations, an analyst warned of looming risks in the near term. Commonwealth Financial Network Chief Investment Officer Brad McMillan said stock prices could be cushioned by earnings growth outperforming expectations. 
&#8220;While interest rates and valuations could be a challenge, the strong economy and earnings growth will potentially more than offset that,&#8221; he said.
The key issues, the analyst said, will be &#8220;how fast the economy grows and what that means for inflation.&#8221; &#8220;Market expectations on rates have changed rapidly but are now more aligned with reality, so the effects of the Fed are likely to be less negative going forward,&#8221; he said.
&#8220;While the trends remain positive, risks could increase over the next couple of months,&#8221; McMillan said, adding &#8220;This is something to watch out for but not worry about too much, given the strong economic fundamentals.&#8221;
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>+0.11%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.02%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.09%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.54%</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>) edged down 0.02% to $493.90 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.13% to $428.13, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data.</a>
Upcoming Economic Data:
The Commerce Department will release its trade balance report for December at 8:30 a.m. ET. Economists, on average, expect the trade deficit to narrow from $63.2 billion in November to $62 billion in December.
The Energy Information Administration is scheduled to release its customary weekly petroleum status report at 10:30 a.m. ET.
Fed speeches scheduled for the day are
<ul>
<li>Fed Governor Adriana Kugler: 11 p.m. ET</li>
<li>Boston Fed President Susan Collins: 11:30 a.m. ET</li>
<li>Richmond Fed President Thomas Barkin: 12:30 a.m. ET</li>
<li>Fed Governor Michelle Bowman: 2 p.m. ET</li>
</ul>
The Treasury will auction 10-year notes at 1 p.m. ET.
The Federal Reserve is due to release its report on outstanding consumer credit at 3 p.m. The consensus estimate calls for a reduction in outstanding consumer credit from $23.7 billion in December to $15 billion in January.
The CBO will provide a briefing on the budget and economic outlook at 3 p.m. ET.
See also: <a href="https://www.benzinga.com/money/futures-vs-options">Futures Vs. Options</a>
Stocks In Focus:
<ul>
<li> Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), rose over 2.50% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the release of its quarterly results.</li>
<li>Among the other stocks moving on earnings are Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) (up about 6%), Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) (up over 8%), Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) (up about 15%), Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) (up over 15%), Snap Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NASDAQ">SNAP</a>) (down over 31%) and MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) (down about 1.5%).</li>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>), Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) and The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>) are among the companies <a href="https://www.benzinga.com/calendars/earnings">due to report their quarterly results ahead of the market open.</a></li>
<li>Chief among those reporting after the close are The Allstate Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>), News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWS#NASDAQ">NWS</a>), O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>), PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), and Wynn Resorts Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>).</li>
<li>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) extended its slide amid rising fears over governance issues.</li>
</ul>
Commodities, Bonds, Other Global Equity Markets:
Crude oil futures rose 1.01% to $74.05 in early European session on Wednesday, adding to the 0.73% gain in the previous session. The benchmark 10-year Treasury note rose 0.031 percentage points to 4.123% on Wednesday.
Asian stocks ended mixed yet again on Wednesday, with Chinese, Taiwanese and Singaporean markets advancing strongly, while Japanese, Hong Kong and Indonesian markets settled lower. The Chinese optimism is premised on the government and authorities handholding the market with support measures. 
European stocks were lower by late-morning trading on Wednesday, with the Euro Stoxx 50 down 0.12%. Traders took cues from a slew of domestic earnings and contemplated the outlook for interest rates.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36964945/mortgage-credit-card-surge-pushes-us-household-debt-to-record-17-5-trillion-delinqu">Mortgage, Credit Card Surge Pushes US Household Debt To Record $17.5 Trillion, Delinquencies Up</a>
This illustration was generated using artificial intelligence via MidJourney.

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BABA

CRUS

ENPH

MSTR

NYCB

RBLX

SNAP

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Nasdaq, S&P 500 Futures Stall As Rate Worries Dampen Earnings Cheer: Why This Analyst Isn't Worried 'Too Much' About Short-Term Risks

ADNT

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ARCC

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ASND

AVXL

AZTA

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BERY

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CDAY

CENT

CENTA

CMRE

COTY

CRTO

CSGS

EEFT

ENTA

EQNR

FLNC

FLNG

FORM

FOXA

GEOS

GPRE

HAIN

INTR

MCFT

MKSI

MSGE

MTRX

NBIX

NOTV

NWSA

OESX

PAHC

Earnings Scheduled For February 7, 2024

GoPro, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) revealed its plans to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. The financial&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/n36649919/gopro-to-acquire-forcite-maker-of-tech-enabled-helmets" rel="noreferrer noopener">terms were not disclosed.</a>
The company said it intends to boost Forcite&#8217;s vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time.
&#8220;The greater helmet market represents a meaningful TAM expanding opportunity for GoPro, and we&#8217;re excited for the Forcite team to join us so that together we can work towards enhancing the performance and safety of various types of helmets, starting with motorcycle helmets,&#8221; said GoPro founder and CEO, Nicholas Woodman.
GoPro&#8217;s acquisition of Forcite is expected to close in Q1 of 2024, subject to customary closing conditions.
&#8220;In addition to our plan to develop our own GoPro-branded line of helmets, we are excited to partner with other leading helmet brands to help tech-enable their own helmet lines,&#8221; Woodman adds.
GoPro plans to share more details on the deal at its earnings <a href="https://www.benzinga.com/calendars/earnings">conference call on February 7, 2024.</a>
Price Action: GPRO shares are trading lower by 0.94% to $3.17 on the last check Wednesday.

Tech

General

Interested In Smart Motorcycle Helmets? GoPro Snaps Up Forcite for Tech-Infused Helmets

GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) today announced an agreement to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. GoPro intends to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time.
"The greater helmet market represents a meaningful TAM expanding opportunity for GoPro, and we're excited for the Forcite team to join us so that together we can work towards enhancing the performance and safety of various types of helmets, starting with motorcycle helmets," said GoPro founder and CEO, Nicholas Woodman. "GoPro has built a strong brand internationally across all forms of motorsports and has enjoyed a strong following with motorcycle enthusiasts. We're excited to leverage our brand reputation along with our technical and operational capabilities to address what we believe is a long-term growth opportunity for our business."
Woodman adds, "In addition to our plan to develop our own GoPro-branded line of helmets, we are excited to partner with other leading helmet brands to help tech-enable their own helmet lines. We have great respect for established brands, and we look forward to working with them to help drive the industry forward, together."
Leading helmet brands interested in partnering with GoPro should contact GoPro directly at <a href="mailto:partnerships@gopro.com">partnerships@gopro.com</a>.
GoPro's acquisition of Forcite is expected to close in Q1 of 2024, subject to customary closing conditions. GoPro will share more details on the deal at its Q4 and 2023 earnings conference call on February 7, 2024.
For more information about Forcite, visit <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4069157-1&amp;h=1758062803&amp;u=https%3A%2F%2Fwww.forcitehelmets.com%2F&amp;a=Forcitehelmets.com">Forcitehelmets.com</a>.

GoPro To Acquire Forcite, Maker Of Tech-Enabled Helmets; No Financial Terms Disclosed

Shares of Johnson Controls International plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jci#NYSE">JCI</a>) moved lower during Tuesday&rsquo;s session following <a href="https://www.benzinga.com/news/earnings/23/12/36196285/building-solutions-provider-johnson-controls-q4-results-fall-short-of-expectations-details">weak quarterly results.</a>
Johnson Controls reported fourth-quarter FY23 sales growth of 2.7% year-on-year to $6.91 billion (+2% organically), missing the consensus of $7.09 billion. Adjusted EPS of $1.05 (+6% Y/Y) below the consensus of $1.09, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Johnson Controls International shares fell 6.2% to $53.05 on Tuesday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Aditxt, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/adtx#NASDAQ">ADTX</a>) shares jumped 140.5% to $9.14 after the company entered into definitive agreement to acquire Evofem Biosciences.</li>
<li>C4 Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cccc#NASDAQ">CCCC</a>) gained 57.5% to $1.8590 after the company announced a license and research collaboration with Merck to discover and develop degrader-antibody conjugates.</li>
<li>Candel Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cadl#NASDAQ">CADL</a>) shares climbed 48% to $1.24 after the company announced it received FDA Fast Track Designation for CAN-2409 in pancreatic cancer.</li>
<li>Icosavax, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/icvx#NASDAQ">ICVX</a>) rose climbed 47.1% to $15.43 after AstraZeneca announced plans to buy Icosavax in a deal valued at up to $1.1 billion. Concurrently, Icosavax released topline interim results for its Phase 2 study of IVX-A12, a combination virus-like particle (VLP) vaccine candidate targeting both respiratory syncytial virus (RSV) and human metapneumovirus (hMPV).</li>
<li>Clean Earth Acquisitions Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clin#NASDAQ">CLIN</a>) gained 41.3% to $6.71. Clean Earth and Alternus Energy announced continuation of business combination close process.</li>
<li>Bruush Oral Care Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brsh#NASDAQ">BRSH</a>) shares rose 24.1% to $0.2022 after gaining over 5% on Monday.</li>
<li>Spectaire Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spec#NASDAQ">SPEC</a>) gained 23.7% to $2.1286. Spectaire announced manufacturing financing agreement to enable mass production.</li>
<li>Gaotu Techedu Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gotu#NYSE">GOTU</a>) rose 18% to $3.4650.</li>
<li>IN8bio, Inc.(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/inab#NASDAQ">INAB</a>) gained 17.8% to $1.5080 after the company announced updated data from its Phase 1 investigator-sponsored trial of INB-100 in patients with hematologic malignancies.</li>
<li>Pineapple Financial Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/papl#NYSE">PAPL</a>) rose 13.9% to $2.29.</li>
<li>Intchains Group Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/icg#NYSE">ICG</a>) gained 13.5% to $10.16.</li>
<li>Oil-Dri Corporation of America (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/odc#NYSE">ODC</a>) rose 12.2% to $66.09 following first-quarter results.</li>
<li>Hanryu Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hryu#NASDAQ">HRYU</a>) shares surged 11.2% to $0.70 after jumping 40% on Monday.</li>
<li>CAVA Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cava#NYSE">CAVA</a>) gained 9.8% to $35.68.</li>
<li>Eagle Bulk Shipping Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/egle#NYSE">EGLE</a>) jumped 9.2% to $50.42. Star Bulk and Eagle Bulk Shipping announced plans to combine.</li>
<li>Blue Bird Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blbd#NASDAQ">BLBD</a>) shares rose 9.1% to $23.80 after the company reported better-than-expected financial results for its fourth quarter and increased its FY24 revenue forecast.</li>
<li>Digital Turbine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>) gained 7.8% to $6.58.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Achieve Life Sciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/achv#NASDAQ">ACHV</a>) shares fell 41.9% to $3.1686. Achieve Life Sciences said NDA Filing timing may be delayed to address FDA feedback on drug product candidate, Cytisinicline. Oppenheimer maintained Achieve Life Sciences with an Outperform and lowered the price target from $21 to $18.</li>
<li>Boqii Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bq#NYSE">BQ</a>) fell 37.7% to $1.3824.</li>
<li>Green Giant Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gge#NASDAQ">GGE</a>) declined 36.7% to $0.0962 as the company announced pricing of public offering.</li>
<li>SRIVARU Holding Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/svmh#NASDAQ">SVMH</a>) fell 30.3% to $0.4999 after jumping 20% on Monday.</li>
<li>Harbor Custom Development, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcdi#NASDAQ">HCDI</a>) fell 26.8% to $0.4975. Harbor Custom Development voluntarily filed for protection under Chapter 11 Bankruptcy.</li>
<li>Assure Holdings Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ionm#NASDAQ">IONM</a>) shares fell 26% to $0.32 after climbing over 23% on Monday.</li>
<li>African Agriculture Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aagr#NASDAQ">AAGR</a>) declined 20% to $0.8747.</li>
<li>Adit EdTech Acquisition Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/adex#NYSE">ADEX</a>) fell 17.7% to $6.05.</li>
<li>Nogin, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nogn#NASDAQ">NOGN</a>) fell 17.5% to $0.1402.</li>
<li>Bon Natural Life Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bon#NASDAQ">BON</a>) fell 17.1% to $0.4974.</li>
<li>Incannex Healthcare Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ixhl#NASDAQ">IXHL</a>) declined 11.2% to $4.4201.</li>
<li>Hempacco Co., Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hpco#NASDAQ">HPCO</a>) shares fell 11.1% to $0.3598.</li>
<li>Oracle Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>) fell 10.3% to $103.32. Oracle reported upbeat earnings for its second quarter, while sales missed estimates.</li>
<li>Clean Energy Fuels Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clne#NASDAQ">CLNE</a>) dipped 10.1% to $3.2550.</li>
<li>Clearmind Medicine Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cmnd#NASDAQ">CMND</a>) fell 9.1% to $2.7650. Clearmind Medicine filed for mixed shelf of up to $50 million.</li>
<li>Lucid Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcid#NASDAQ">LCID</a>) shares fell 8.8% to $4.2050. Lucid Group disclosed that CFO Sherry House is resigning to pursue other opportunities.</li>
<li>Arcellx, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aclx#NASDAQ">ACLX</a>) fell 8.7% to $47.79. Needham reiterated Arcellx with a Buy and maintained a $65 price target.</li>
<li>GoPro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpro#NASDAQ">GPRO</a>) declined 8.4% to $3.28. Morgan Stanley downgraded GoPro from Equal-Weight to Underweight and lowered the price target from $4 to $3.</li>
<li>SilverBow Resources, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sbow#NYSE">SBOW</a>) dipped 7.7% to $27.65. SilverBow Resources announced the upsize and pricing of a previously announced underwritten public offering of its common by an affiliate of Strategic Value Partners, LLC.</li>
<li>Kinetik Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kntk#NYSE">KNTK</a>) shares fell 3.4% to $33.17. Kinetik reported the pricing of an upsized underwritten secondary offering of 6,500,000 shares of its Class A common stock by Apache Midstream LLC at a price of $31.50 per share.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/23/12/36196130/dont-miss-these-3-high-yielding-dividend-stocks-in-health-care-sector-from-wall-streets-most-accurat"> Don&#39;t Miss These 3 High-Yielding Dividend Stocks In Health Care Sector From Wall Street&#39;s Most Accurate Analysts</a>
&nbsp;

AAGR

ACHV

ACLX

ADEX

ADTX

BRSH

CADL

CAVA

CCCC

CLIN

CLNE

Why Johnson Controls International Shares Are Trading Lower By Over 6%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session