M.D.C. Holdings, Inc. Com. Stock (NYSE: MDC)

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The U.S. corporate bond market had mixed performance in Q1, with higher-rated bonds seeing slight declines and lower-rated bonds showing modest gains. Top performers include Macy&#39;s, Ally Financial, and Lincoln National Corp.

Top 10 US Corporate Bonds By Market Performance In 2024: April Update

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Seaport analyst Kenneth Zener adjusts his stance on homebuilding stocks, downgrading key players due to a cautious outlook for FY24. With recession concerns lingering, Zener anticipates potential challenges, emphasizing the risk of anticipated tailwinds transforming into headwinds. Builder margins are expected to stabilize, influenced by diminishing past incentives, counteracted by rising input costs. 

Home Run To Homewrecker - Analyst Cautious On Homebuilders, Downgrades Key Players

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The CNN Money Fear and Greed index showed an improvement in overall market sentiment, but the index remained in the &#34;Greed&#34; zone on Thursday.

U.S. stocks closed higher on Thursday, with the Dow Jones index gaining more than 200 points, snapping a three-day losing streak.

Investor Sentiment Increases Following Economic Reports; Dow Jumps Over 200 Points

M.D.C. Holdings, Inc. Com.

MEDICAL CARE TECHS INC by Medical Care Technologies Inc.

Medical Care Technologies Inc

Chapters Group AG

Medincell SA

MEDICAN ENTERPRISES INC by Medican Enterprises Inc

Medican Enterprises Inc

VictoryShares THB Mid Cap ETF

Cable One&nbsp;will replace MDC Holdings&nbsp;in the S&amp;P SmallCap 600 effective prior to the opening of trading Monday, April 22.&nbsp;&nbsp;Sekisui House Ltd. is acquiring MDC Holdings in a transaction expected to be completed on April 19, pending final conditions.&nbsp;

CABO

Cable One To Join S&P SmallCap 600, Replacing MDC Holdings

The performance of the U.S. corporate bond market in the first quarter of the year was generally flat, though there were notable distinctions between the high-grade <a href="https://www.benzinga.com/money/high-yield-bonds">and high-yield sectors. </a>
Bonds issued by companies with higher credit ratings (BBB and above) experienced a slight downward trajectory, as showed by the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LQD#NYSE">LQD</a>). Conversely, lower-rated companies boasting higher yields showed modestly positive performance, as indicated by the iShares iBoxx $ High Yield Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYG#NYSE">HYG</a>).
Also Read: <a href="https://www.benzinga.com/news/large-cap/24/04/38098774/top-10-us-high-yield-corporate-bonds-with-returns-over-20-in-april-2024">Top 10 US High-Yield Corporate Bonds With Returns Over 20% In April 2024</a>
Below is a list of U.S. corporate bonds that have exhibited the strongest performance in the last three months.
<h3 class="wp-block-heading">10) Macy&#8217;s Retail Holdings LLC 4.3% 12/43</h3>
<ul>
<li>Issuer: Macy&#8217;s Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>)</li>
<li>ISIN: US55616XAJ63</li>
<li>Last price: $82.08</li>
<li>Yield to maturity (%): 5.9712</li>
<li>Maturity: 15/02/2043</li>
<li>Minimum investment amount: $2,000</li>
<li>3-month performance: 15.83%</li>
</ul>
<h3 class="wp-block-heading">9) Ally Financial Inc. 4.7%</h3>
<ul>
<li>Issuer: Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>)</li>
<li>ISIN: US02005NBN93</li>
<li>Last price: $78.174</li>
<li>Type: subordinated</li>
<li>Minimum investment amount: $1,000</li>
<li>3-month performance: 16.91%</li>
</ul>
<h3 class="wp-block-heading">8) Lincoln National Corp. 7.938% 06/66</h3>
<ul>
<li>Issuer: Lincoln National Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNC#NYSE">LNC</a>)</li>
<li>ISIN: US534187AS84</li>
<li>Last price: $74.73</li>
<li>Maturity: 17/05/2066</li>
<li>Minimum investment amount: $2,000</li>
<li>3-month performance: 17.87%</li>
</ul>
<h3 class="wp-block-heading">7) Carvana Co. 5.875% 20/28</h3>
<ul>
<li>Issuer: Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>)</li>
<li>ISIN: USU1468GAD61</li>
<li>Last price: $65.00</li>
<li>Yield to maturity (%): 18.1963</li>
<li>Maturity: 01/10/2028</li>
<li>Minimum investment amount: $2,000</li>
<li>3-month performance: 20.37%</li>
</ul>
<h3 class="wp-block-heading">6) Braskem America Finance Co. 7.125% 11/41</h3>
<ul>
<li>Issuer: Braskem S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAK#NYSE">BAK</a>)</li>
<li>ISIN: USU1065PAA94</li>
<li>Last price: $90.85</li>
<li>Yield to maturity (%): 8.2834</li>
<li>Maturity: 15/02/2043</li>
<li>Minimum investment amount: $200,000</li>
<li>3-month performance: 20.5%</li>
</ul>
<h3 class="wp-block-heading">5) M.D.C. Holdings Inc. 3.966% 21/61</h3>
<ul>
<li>Issuer: M.D.C. Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>)</li>
<li>ISIN: US55616XAJ63</li>
<li>Last price: $82.08</li>
<li>Yield to maturity (%): 5.9712</li>
<li>Maturity: 15/02/2043</li>
<li>Minimum investment amount: $2,000</li>
<li>3-month performance: 23.53%</li>
</ul>
<h3 class="wp-block-heading">4) QVC Inc. 5.95% 13/43</h3>
<ul>
<li>Issuer: QVC Inc.</li>
<li>ISIN: US747262AM52</li>
<li>Last price: $64.53</li>
<li>Yield to maturity (%): 10.4849</li>
<li>Maturity: 15/03/2043</li>
<li>Minimum investment amount: $1,000</li>
<li>3-month performance: 23.76%</li>
</ul>
<h3 class="wp-block-heading">3) At Home Group Inc. 4.875% 21/28</h3>
<ul>
<li>Issuer: At Home Group Inc.</li>
<li>ISIN: USU04798AA90</li>
<li>Last price: $47.61</li>
<li>Yield to maturity (%): 27.4573</li>
<li>Maturity: 15/07/2028</li>
<li>Minimum investment amount: $2,000</li>
<li>3-month performance: 26.38%</li>
</ul>
<h3 class="wp-block-heading">2) Lumen Technologies Inc. 4.5% 20/29</h3>
<ul>
<li>Issuer: Lumen Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>)</li>
<li>ISIN: USU1566PAD79</li>
<li>Last price: $36.32</li>
<li>Yield to maturity (%): 33.1453</li>
<li>Maturity: 15/01/2029</li>
<li>Minimum investment amount: $2,000</li>
<li>3-month performance: 27.01%</li>
</ul>
<h2 class="wp-block-heading">Chart: Lumen Technologies Bond Outperforms Lumen Shares In 2024</h2>
<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/2024/04/04113118/image-8-1024x495.png" alt="" class="wp-image-277973" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113118/image-8-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113118/image-8-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113118/image-8-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113118/image-8-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113118/image-8.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">1) Beyond Meat Inc. 0.000% 21/27</h3>
<ul>
<li>Issuer: Beyond Meat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>)</li>
<li>ISIN: US08862EAB56</li>
<li>Last price: $23.87</li>
<li>Maturity: 15/03/2027</li>
<li>Minimum investment amount: $1,000</li>
<li>3-month performance: 28.08%</li>
</ul>
<h2 class="wp-block-heading">Chart: Beyond Meat Bonds Outperform Shares In 2024</h2>
<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/2024/04/04113716/image-9-1024x495.png" alt="" class="wp-image-277986" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113716/image-9-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113716/image-9-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113716/image-9-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113716/image-9-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/04113716/image-9.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Why Have Beyond Meat Bonds Outperformed Shares?</h2>
Beyond Meat reported higher than expected revenue in the fourth quarter of 2023, yet suffered larger losses than anticipated. Following the earnings announcement, the company committed to significantly cutting costs and enhancing manufacturing efficiency. 
These efforts improved the outlook on the company&#8217;s ability to fulfill its debt obligations, boosting investor confidence in Beyond Meat&#8217;s survival prospects, rather than reflecting a true turnaround in its long-term profitability.
Following its earnings report, Beyond Meat saw an initial market enthusiasm with rises in both bonds and shares. However, while bond values maintained their upward trajectory, the stock&#8217;s gains quickly dissipated, reversing the post-earnings uplift. 
Since the beginning of the year, Beyond Meat&#8217;s zero-coupon bond, due to mature in March 2027, has seen a notable increase of 28%, contrasting with a roughly 6% drop in the company&#8217;s share price.
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38091433/ai-revolution-is-underway-yet-its-economic-impact-is-several-years-off-goldman-sach">AI Revolution Is Underway, Yet Its Economic Impact Is &#8216;Several Years Off&#8217;: Goldman Sachs</a>
Image generated using artificial intelligence via Midjourney.

M.D.C. Holdings, Inc. ("MDC") (NYSE:&nbsp;MDC), today announced that its stockholders have approved a proposal to adopt the merger agreement entered into between MDC and Sekisui House, Ltd. ("Sekisui House") at its Special Meeting of Stockholders. As previously announced, under the terms of the agreement,&nbsp;MDC stockholders will receive US$63.00 per share in cash in connection with the closing of the transaction. MDC expects to complete the transaction in the second quarter of 2024, subject to the satisfaction of customary closing conditions.
Larry&nbsp;Mizel, Founder and Executive Chairman and David Mandarich, President, CEO and Director of MDC said, "We appreciate our stockholders' support of this transaction and look forward to our next chapter as a part of Sekisui House. We would also like to thank all of our team members for their unwavering focus as we move closer to becoming part of the Sekisui House family and a top five homebuilder in the United States."
Approximately 99.8% of the votes cast at the Special Meeting were voted in favor of adopting the merger agreement. MDC will disclose the final vote results, as certified by the independent inspector of elections, on a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission.

M.D.C. Holdings Stockholders Approve Transaction With Sekisui House;  MDC Stockholders Will Receive $63.00 Per Share In Cash

Raymond James analyst Buck Horne downgrades M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) from Outperform to Market Perform.

Analyst Ratings

Raymond James Downgrades M.D.C. Holdings to Market Perform

Evercore ISI Group downgraded its rating of M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) to In-Line with a price target of $63.00, changing its price target from $57.00 to $63.00.
Shares of M.D.C. Holdings are trading up 0.0% over the last 24 hours, at $62.70 per share.
A move to $63.00 would account for a 0.48% increase from the current share price.
<h3>About M.D.C. Holdings</h3>
M.D.C. Holdings Inc is an American holding company that operates home construction, mortgage, insurance, and title companies. The company focuses on single-family and residential communities via its Richmond American Homes brand in Arizona, California, Colorado, Florida, Virginia, Nevada, Utah, and Washington. MDC Holdings constructs homes for first-time and move-up homebuyers. Its segments include Homebuilding and Financial Services. Its Home construction in Colorado, California, Washington, and Arizona derive most of the company's homebuilding revenue, followed by Utah, and Virginia.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evercore ISI Group Downgrades M.D.C. Holdings: Here's What You Need To Know

Evercore ISI Group analyst Stephen Kim downgrades M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) from Outperform to In-Line and raises the price target from $57 to $63.

Price Target

Evercore ISI Group Downgrades M.D.C. Holdings to In-Line, Raises Price Target to $63

M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.49 by 4.7 percent. This is a 44.44 percent increase over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $1.35 billion which beat the analyst consensus estimate of $1.29 billion by 4.65 percent. This is a 11.18 percent decrease over sales of $1.52 billion the same period last year.

M.D.C. Holdings Q4 EPS $1.56 Beats $1.49 Estimate, Sales $1.35B Beat $1.29B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) is estimated to report quarterly earnings at $0.73 per share on revenue of $208.06 million.
&bull; Hubbell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>) is expected to report quarterly earnings at $3.57 per share on revenue of $1.32 billion.
&bull; ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is estimated to report quarterly earnings at $1.20 per share on revenue of $4.56 billion.
&bull; Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $3.25 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is estimated to report quarterly earnings at $0.93 per share on revenue of $38.38 million.
&bull; Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $219.70 million.
&bull; Oshkosh (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSK#NYSE">OSK</a>) is expected to report quarterly earnings at $2.24 per share on revenue of $2.46 billion.
&bull; Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $6.12 billion.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.86 per share on revenue of $976.03 million.
&bull; MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) is projected to report quarterly earnings at $0.94 per share on revenue of $2.85 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is estimated to report quarterly earnings at $3.29 per share on revenue of $662.73 million.
&bull; Pfizer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) is likely to report quarterly loss at $0.22 per share on revenue of $14.21 billion.
&bull; Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $34.66 billion.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is likely to report quarterly loss at $0.28 per share on revenue of $2.28 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is projected to report quarterly earnings at $3.22 per share on revenue of $4.48 billion.
&bull; M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $1.29 billion.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is expected to report quarterly earnings at $2.58 per share on revenue of $2.23 billion.
&bull; Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) is estimated to report earnings for its fourth quarter.
&bull; Hope Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOPE#NASDAQ">HOPE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $138.35 million.
&bull; Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) is estimated to report quarterly earnings at $0.79 per share on revenue of $42.22 million.
&bull; HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) is projected to report quarterly earnings at $5.04 per share on revenue of $16.51 billion.
&bull; A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) is expected to report quarterly earnings at $0.95 per share on revenue of $983.30 million.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is estimated to report quarterly earnings at $1.16 per share on revenue of $38.75 billion.
&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is expected to report quarterly earnings at $1.88 per share on revenue of $6.07 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is likely to report quarterly earnings at $2.47 per share on revenue of $25.48 billion.
&bull; Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) is likely to report quarterly earnings at $0.88 per share on revenue of $19.34 billion.
&bull; BBVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBVA#NYSE">BBVA</a>) is likely to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Northeast Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBN#NASDAQ">NBN</a>) is expected to report quarterly earnings at $1.72 per share on revenue of $36.98 million.
&bull; Robert Half (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $1.47 billion.
&bull; Ashland (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $477.78 million.
&bull; Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) is likely to report quarterly earnings at $0.71 per share on revenue of $674.77 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $249.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.66 per share on revenue of $586.33 million.
&bull; Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $6.12 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is estimated to report quarterly earnings at $5.12 per share on revenue of $9.93 billion.
&bull; Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) is projected to report quarterly earnings at $0.64 per share on revenue of $1.41 billion.
&bull; RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) is expected to report quarterly earnings at $8.10 per share on revenue of $1.89 billion.
&bull; First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $252.73 million.
&bull; Fortune Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBIN#NYSE">FBIN</a>) is likely to report quarterly earnings at $0.93 per share on revenue of $1.18 billion.
&bull; Lifevantage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFVN#NASDAQ">LFVN</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $54.65 million.
&bull; Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $9.29 billion.
&bull; Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is likely to report quarterly earnings at $0.94 per share on revenue of $9.63 billion.
&bull; Stryker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) is likely to report quarterly earnings at $3.27 per share on revenue of $5.60 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is likely to report quarterly loss at $2.34 per share on revenue of $668.97 million.
&bull; Skyworks Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) is estimated to report quarterly earnings at $1.95 per share on revenue of $1.20 billion.
&bull; Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) is expected to report quarterly earnings at $1.59 per share on revenue of $85.22 billion.
&bull; Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) is projected to report quarterly earnings at $1.59 per share on revenue of $85.26 billion.
&bull; Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) is expected to report quarterly earnings at $2.12 per share on revenue of $545.81 million.
&bull; UMB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UMBF#NASDAQ">UMBF</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $360.69 million.
&bull; Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $861.46 million.
&bull; Boston Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>) is projected to report earnings for its fourth quarter.
&bull; Unum Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>) is projected to report quarterly earnings at $1.86 per share on revenue of $3.14 billion.
&bull; Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) is likely to report quarterly earnings at $1.13 per share on revenue of $3.68 billion.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.80 per share on revenue of $223.97 million.
&bull; Axos Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>) is expected to report quarterly earnings at $1.38 per share on revenue of $247.50 million.
&bull; Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) is likely to report quarterly earnings at $2.94 per share on revenue of $2.40 billion.
&bull; Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) is expected to report quarterly earnings at $0.59 per share on revenue of $594.92 million.
&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $123.59 million.
&bull; Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) is estimated to report quarterly earnings at $0.84 per share on revenue of $182.04 million.
&bull; Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is expected to report quarterly earnings at $2.78 per share on revenue of $61.13 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For January 30, 2024

M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-01-30. Here's what investors need to know before the announcement.
Analysts estimate that M.D.C. Holdings will report an earnings per share (EPS) of $1.49. 
M.D.C. Holdings bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.20, which was followed by a 0.05% drop in the share price the next day.
Here's a look at M.D.C. Holdings'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>1.2</td>
<td>0.74</td>
<td>0.55</td>
<td>1.52</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.4</td>
<td>1.24</td>
<td>1.08</td>
<td>1.08</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-0.05%</td>
<td>4.95%</td>
<td>3.08%</td>
<td>2.7%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706547682_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of M.D.C. Holdings were trading at $62.64 as of January 26. Over the last 52-week period, shares are up 65.97%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/MDC/earnings">To track all earnings releases for M.D.C. Holdings visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For M.D.C. Holdings

Today, January 26, 2024, marks an important moment for investors of Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>). The company will distribute a dividend payout of $0.21 per share, demonstrating an annualized dividend yield of 0.91%. Remember, only shareholders prior to the ex-dividend date on January 11, 2024 are eligible for this payout.
<h3>Toll Brothers Recent Dividend Payouts</h3>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
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 tr:hover {
 background-color: #e1e4ea;
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 td:nth-child(3), td:nth-child(5) {
 text-align: left;
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 .dividend-amount {
 font-weight: bold;
 color: #0d6efd;
 }

 .dividend-frequency {
 font-size: 12px;
 color: #6c757d;
 }
 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-11</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>0.91%</td>
<td>2023-12-13</td>
<td>2024-01-12</td>
<td>2024-01-26</td>
</tr>
<tr>
<td>2023-10-05</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>1.08%</td>
<td>2023-09-19</td>
<td>2023-10-06</td>
<td>2023-10-20</td>
</tr>
<tr>
<td>2023-07-06</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>1.12%</td>
<td>2023-06-13</td>
<td>2023-07-07</td>
<td>2023-07-21</td>
</tr>
<tr>
<td>2023-04-05</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>1.41%</td>
<td>2023-03-09</td>
<td>2023-04-06</td>
<td>2023-04-21</td>
</tr>
<tr>
<td>2023-01-05</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.58%</td>
<td>2022-12-14</td>
<td>2023-01-06</td>
<td>2023-01-20</td>
</tr>
<tr>
<td>2022-10-06</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.79%</td>
<td>2022-09-20</td>
<td>2022-10-07</td>
<td>2022-10-21</td>
</tr>
<tr>
<td>2022-07-07</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.81%</td>
<td>2022-06-14</td>
<td>2022-07-08</td>
<td>2022-07-22</td>
</tr>
<tr>
<td>2022-04-07</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.63%</td>
<td>2022-03-08</td>
<td>2022-04-08</td>
<td>2022-04-22</td>
</tr>
<tr>
<td>2022-01-06</td>
<td style="text-align: right;">4</td>
<td>$0.17</td>
<td>0.94%</td>
<td>2021-12-14</td>
<td>2022-01-07</td>
<td>2022-01-21</td>
</tr>
<tr>
<td>2021-10-07</td>
<td style="text-align: right;">4</td>
<td>$0.17</td>
<td>1.12%</td>
<td>2021-09-21</td>
<td>2021-10-08</td>
<td>2021-10-22</td>
</tr>
<tr>
<td>2021-07-08</td>
<td style="text-align: right;">4</td>
<td>$0.17</td>
<td>1.18%</td>
<td>2021-06-15</td>
<td>2021-07-09</td>
<td>2021-07-23</td>
</tr>
<tr>
<td>2021-04-08</td>
<td style="text-align: right;">4</td>
<td>$0.17</td>
<td>1.23%</td>
<td>2021-03-09</td>
<td>2021-04-09</td>
<td>2021-04-23</td>
</tr>
</tbody>
</table>
Toll Brothers's dividend yield falls in the middle range when compared to its industry peers, with M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) having the highest annualized dividend yield at 3.43%.
<h3>Analyzing Toll Brothers Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706281511_0.png" alt="dividend chart graph" />
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.44 in 2020 to $0.84 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
<h3>YoY Earnings Growth For Toll Brothers</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1706281511_1.png" alt="earning chart graph" />
The earnings chart illustrates an increase in Toll Brothers's earnings per share, from $3.45 in 2020 to $12.39 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
<h3>Recap</h3>
In this article, we explore the recent dividend payout of Toll Brothers and its significance for shareholders. The company has decided to distribute a dividend of $0.21 per share today, which equates to an annualized dividend yield of 0.91%.
Toll Brothers's dividend yield falls in the middle range when compared to its industry peers, with M.D.C. Holdings having the highest annualized dividend yield at 3.43%.
Given that Toll Brothers has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[Monitor live stock price updates for Toll Brothers on Benzinga.](https://www.benzinga.com/quote/Toll Brothers (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tol#NYSE">TOL</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Toll Brothers Delivers Strong Performance and Growing Profits, Elevating Investor Returns

Seaport&nbsp;analyst Kenneth Zener downgraded several homebuilding stocks following a weak outlook for the builder&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/DHI/analyst-ratings" rel="noreferrer noopener">sector for FY24.</a>
The analyst says if recession fears ease further, he expects fading rallies into affirmative FY24 sector guidance, &#8216;as expected tailwinds may become headwinds, and/or an Early to Late sector rotation unfolds.&#8217;
The analyst projects builder margins to be bottoming broadly on the easing of past incentives, partly offset by higher input cost and a rising cash-cost divergence&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/mth/analyst-ratings" rel="noreferrer noopener">among gross margins.&nbsp;</a>
Zener projects higher-turn builders to fare best supported by cash-flow, and an ability to guide demand upward.
The analyst downgraded the homebuilder outlook, as past Fed cut rating cycles pose a &#8216;narrowing risk to return outlook is likely near-term.&#8217;
The analyst writes that CPI/PPI are trending lower on declining cost inputs, with deflation in China/Europe, but sees stickier domestic service inflation/labor&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/tmhc/analyst-ratings" rel="noreferrer noopener">as less certain factors.&nbsp;</a>
Consequently, the analyst downgraded D.R. Horton Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), Meritage Homes Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTH#NYSE">MTH</a>), Taylor Morrison Home Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMHC#NYSE">TMHC</a>), and Toll Brothers Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) <a href="https://www.benzinga.com/quote/tol/analyst-ratings" target="_blank" rel="noreferrer noopener">to Neutral (from Buy)</a> and dropped coverage of M.D.C. Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) due to its pending <a href="https://www.benzinga.com/quote/mdc/analyst-ratings" target="_blank" rel="noreferrer noopener">acquisition by Sekisui House.</a>
Photo via Wikimedia Commons

The CNN Money Fear and Greed index showed an improvement in overall market sentiment, but the index remained in the &quot;Greed&quot; zone on Thursday.
U.S. stocks closed higher on Thursday, with the Dow Jones index gaining more than 200 points, snapping a three-day losing streak.
Apple Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) shares gained around 3.3% on Thursday after B of A Securities analyst Wamsi Mohan upgraded the stock from Neutral to Buy and raised the price target from $208 to $225. Shares of M.D.C. Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdc#NYSE">MDC</a>) jumped over 18% on Thursday after the company announced Sekisui House would acquire it.
On the economic data front, U.S. initial jobless claims fell by 16,000 to 187,000 in the week ending January 18, compared to market estimates of 207,000. Housing starts fell 4.3% month-over-month to an annualized rate of 1.46 million in December, while building permits increased by 1.9% to an annual rate of 1.495 million in December.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology and communication services stocks recording the biggest gains on Thursday. However, utilities and real estate stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 202 points to 37,468.61 on Thursday. The S&amp;P 500 rose 0.88% at 4,780.94, while the Nasdaq Composite rose 1.35% at 15,055.65 during Thursday&rsquo;s session. Both the Nasdaq and the S&amp;P 500 are up by 0.30% and 0.23%, respectively, in 2024.
Investors are awaiting earnings results from State Street Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/stt#NYSE">STT</a>), Schlumberger Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slb#NYSE">SLB</a>), and The Travelers Companies, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/trv#NYSE">TRV</a>) today.
At a current reading of 66.1, the index remained in the &quot;Greed&quot; zone on Thursday, versus a prior reading of 61.4.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/01/36677132/top-4-energy-stocks-you-may-want-to-dump-in-january"> Top 4 Energy Stocks You May Want To Dump In January </a>

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Thursday.
The Dow traded up 0.35% to 37,398.50 while the NASDAQ rose 1.16% to 15,027.63. The S&amp;P 500 also rose, gaining, 0.67% to 4,770.73.
Check This Out: <a href="https://www.benzinga.com/news/24/01/36675664/alphabet-electronic-arts-and-2-other-stocks-insiders-are-selling"> Alphabet, Electronic Arts And 2 Other Stocks Insiders Are Selling </a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Information technology shares rose by 2% on Thursday.
In trading on Thursday, health care shares dipped by 1.1%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
M&amp;T Bank Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtb#NYSE">MTB</a>) posted weaker-than-expected earnings for its fourth quarter on Thursday.
M&amp;T Bank posted quarterly earnings of $2.81 per share, missing market estimates of $3.49 per share. The company&rsquo;s quarterly sales came in at $2.30 billion versus expectations of $2.28 billion.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Agrify Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agfy#NASDAQ">AGFY</a>) shares shot up 18% to $1.3897 after the company announced it entered into a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park.
Shares of M.D.C. Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdc#NYSE">MDC</a>) got a boost, surging 18% to $62.83 after the company announced it will be acquired by Sekisui House.
LiveRamp Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ramp#NYSE">RAMP</a>) shares were also up, gaining 9% to $40.08 after the company entered into an agreement to acquire Habu for about $200 million and reported preliminary third-quarter revenue results above expectations. Also, Benchmark raised its price target from $44 to $51 on the stock.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Aravive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arav#NASDAQ">ARAV</a>) shares dropped 45% to $0.0606. Aravive intends to voluntarily terminate the listing of its common stock on the Nasdaq Global Select Market.
Shares of Processa Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcsa#NASDAQ">PCSA</a>) were down 28% to $0.1989. Processa Pharmaceuticals said it will effect a 1-for-20 reverse stock split.
eHealth, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ehth#NASDAQ">EHTH</a>) was down, falling 19% to $5.70. Craig-Hallum analyst George Sutton downgraded eHealth from Buy to Hold.
Also Check This Out:<a href="https://www.benzinga.com/news/earnings/24/01/36672981/how-to-earn-500-a-month-from-microsoft-stock-ahead-of-q2-earnings-report"> How To Earn $500 A Month From Microsoft Stock Ahead Of Q2 Earnings Report</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 2.2% to $74.17 while gold traded up 0.6% at $2,018.10.
Silver traded up 0.6% to $22.80 on Thursday while copper rose 0.4% to $3.7490.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares closed higher today. The eurozone&rsquo;s STOXX 600 rose 0.59%, London&rsquo;s FTSE 100 rose 0.17% while Spain&rsquo;s IBEX 35 Index rose 0.13% The German DAX gained 0.83% French CAC 40 rose 1.13% while Italy&rsquo;s FTSE MIB Index climbed 0.84%.
Construction output in the Eurozone fell by 2.2% year-over-year in November, while current account surplus rose to EUR 31.7 billion in November versus a revised EUR 6.6 billion in the year-ago period. Passenger car registrations in the European Union declined 3.3% year-over-year to 867.1 thousand units in December.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Thursday, with Japan&rsquo;s Nikkei 225 falling 0.03%, Hong Kong&rsquo;s Hang Seng Index gaining 0.75% and China&rsquo;s Shanghai Composite Index gaining 0.43%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, fell 0.44%.
Hong Kong&rsquo;s seasonally adjusted unemployment rate came in unchanged at 2.9% in the three months ending December. Industrial production in Japan fell by 0.9% from a month ago in November, while Japan&#39;s core machinery orders declined 4.9% month-over-month in November.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. initial jobless claims fell by 16,000 to 187,000 in the week ending January 18, compared to market estimates of 207,000.
The Philadelphia Fed Manufacturing Index increased 2.2 points to a reading of -10.6 in January from -12.8 a month ago, versus market estimates of -7.
Housing starts fell 4.3% month-over-month to an annualized rate of 1.46 million in December, while building permits increased by 1.9% to an annual rate of 1.495 million in December.
The EIA said crude oil inventories in the U.S. declined by 2.492 million barrels in the week ending Jan. 12, 2024, compared to market estimates of a 0.313 million-barrel decline.
U.S. natural-gas supplies fell 154 billion cubic feet during the week ended Jan. 12, 2024, the EIA said.
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36675670/apple-to-rally-over-23-here-are-10-top-analyst-forecasts-for-thursday"> Apple To Rally Over 23%? Here Are 10 Top Analyst Forecasts For Thursday </a>

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Intraday Update

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Dow Surges Over 100 Points; M&T Bank Posts Weak Earnings

Shares of KeyCorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/key#NYSE">KEY</a>) moved lower during Thursday&rsquo;s session after the company reported fourth-quarter financial results.
Revenues of $1.538 billion, down 19.0% Y/Y, slightly topped the consensus of $1.532 billion. Adjusted EPS of 25 cents topped the street view of 23 cents.
KeyCorp shares fell 5.4% to $13.10 on Thursday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Lytus Technologies Holdings PTV. Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lyt#NASDAQ">LYT</a>) shares jumped 92.8% to $0.1824 after falling 5% on Wednesday.</li>
<li>Agrify Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agfy#NASDAQ">AGFY</a>) shares jumped 90% to $2.2401. Agrify said it entered into first Hydrocarbon Extraction Lab &amp; Vertical Farming unit facility in California.</li>
<li>Phunware, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/phun#NASDAQ">PHUN</a>) shares jumped 67.9% to $0.2730. Phunware shares dipped 61% on Wednesday after the company announced pricing of a $7 million registered direct offering price at-the-market under Nasdaq rules.</li>
<li>Celularity Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/celu#NASDAQ">CELU</a>) shares surged 43.4% to $0.2705 after falling more than 5% on Wednesday.</li>
<li>Marpai, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrai#NASDAQ">MRAI</a>) shares jumped 34.4% to $1.1359 after declining over 8% on Wednesday. Marpai recently named John Powers as President.</li>
<li>Akoustis Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/akts#NASDAQ">AKTS</a>) gained 21.7% to $0.7698.</li>
<li>Baijiayun Group Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rtc#NASDAQ">RTC</a>) gained 18.8% to $3.73.</li>
<li>M.D.C. Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdc#NYSE">MDC</a>) rose 18.2% to $62.76 after the company announced it will be acquired by Sekisui House.</li>
<li>CURO Group Holdings Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/curo#NYSE">CURO</a>) gained 15.7% to $0.8499.</li>
<li>Lexeo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxeo#NASDAQ">LXEO</a>) rose 13% to $19.58.</li>
<li>Aurora Technology Acquisition Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atak#NASDAQ">ATAK</a>) gained 13% to $4.79.</li>
<li>Acasti Pharma Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acst#NASDAQ">ACST</a>) jumped 12.4% to $2.45.</li>
<li>Dada Nexus Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dada#NASDAQ">DADA</a>) gained 11.8% to $1.6750. Dada Nexus recently announced that it discovered suspicious practices in an internal audit.</li>
<li>Cadrenal Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cvkd#NASDAQ">CVKD</a>) surged 11.8% to $0.9499 after gaining over 7% on Wednesday.</li>
<li>Lanvin Group Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lanv#NYSE">LANV</a>) jumped 9.3% to $2.5901.</li>
<li>LiveRamp Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ramp#NYSE">RAMP</a>) gained 9.2% to $40.30. LiveRamp Holdings said it sees preliminary third-quarter revenue of $174 million and announced plans to acquire Habu.</li>
<li>Roma Green Finance Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roma#NASDAQ">ROMA</a>) surged 8.8% to $1.24 after tumbling over 70% on Wednesday.</li>
<li>Taiwan Semiconductor Manufacturing Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) gained 8.1% to $111.26 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htz#NASDAQ">HTZ</a>) gained 7.1% to $8.95 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight but cut its price target form $16 to $15.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>Aravive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arav#NASDAQ">ARAV</a>) shares dipped 50.9% to $0.0542. Aravive intends to voluntarily terminate the listing of its common stock on the Nasdaq Global Select Market.</li>
<li>Processa Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcsa#NASDAQ">PCSA</a>) fell 28.7% to $0.1975. Processa Pharmaceuticals said it will effect a 1-for-20 reverse stock split.</li>
<li>Newcourt Acquisition Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ncac#NASDAQ">NCAC</a>) shares fell 27.3% to $8.43 after gaining around 12% on Wednesday.</li>
<li>Cano Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cano#NYSE">CANO</a>) dipped 26.4% to $1.76.</li>
<li>eHealth, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ehth#NASDAQ">EHTH</a>) fell 23.3% to $5.36. Craig-Hallum analyst George Sutton downgraded eHealth from Buy to Hold.</li>
<li>ZyVersa Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zvsa#NASDAQ">ZVSA</a>) declined 23% to $0.53. ZyVersa Therapeutics recently announced the publication of an article in the peer-reviewed journal Acta Neuropathologica Communications, demonstrating that inflammasome activation enhances cancer metastasis to the brain in women with triple-negative breast cancer (TNBC).</li>
<li>ProQR Therapeutics N.V. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prqr#NASDAQ">PRQR</a>) fell 20.4% to $2.2678.</li>
<li>Li-Cycle Holdings Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/licy#NYSE">LICY</a>) declined 18.5% to $0.4251.</li>
<li>LuxUrban Hotels Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/luxh#NASDAQ">LUXH</a>) fell 18% to $3.5430. LuxUrban responded to allegations in short seller report, highlighting mischaracterizations and speculation.</li>
<li>Nuvve Holding Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvve#NASDAQ">NVVE</a>) shares fell 18.2% to $0.0830. Nuvve Holding will effect 1-for-40 reverse stock split, to be effective Jan. 19, 2024.</li>
<li>Zoomcar Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/zcar#NASDAQ">ZCAR</a>) fell 16.8% to $4.25. Zoomcar recently appointed Adarsh Menon as President.</li>
<li>QuantaSing Group Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qsg#NASDAQ">QSG</a>) declined 16.4% to $2.5410. QuantaSing said it launched private label Chinese Baijiu brand YUNTING.</li>
<li>Cutera, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cutr#NASDAQ">CUTR</a>) fell 16% to $3.0601. Cutera recently reported preliminary FY23 revenue guidance above prior estimates.</li>
<li>Airspan Networks Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mimo#NASDAQ">MIMO</a>) shares declined 13.5% to $0.1900. Airspan shares jumped 186% on Wednesday after the company announced a partnership with GCT Semiconductor to develop an RF module.</li>
<li>Spirit Airlines, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/save#NYSE">SAVE</a>) fell 12.2% to $5.39 on continued downward momentum after a federal judge blocked JetBlue Airways from acquiring the company. Citigroup analyst Stephen Trent downgraded Spirit Airlines from Neutral to Sell and lowered the price target from $13 to $4.</li>
<li>Plug Power Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plug#NASDAQ">PLUG</a>) shares dipped 12.1% to $2.4050 after the company announced it entered into an at market issuance sales agreement with B. Riley Securities for a common stock offering of up to $1 billion.</li>
<li>Meta Materials Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mmat#NASDAQ">MMAT</a>) shares declined 11.8% to $0.0673 after gaining 5% on Wednesday.</li>
<li>Humana Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hum#NYSE">HUM</a>) fell 11.5% to $396.49 after the company issued soft 2023 adjusted EPS guidance.</li>
<li>Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) declined 11.2% to $3.14. Fortuna Silver Mines said fourth-quarter gold equivalent production rose 6% sequentially, while silver production fell 19% quarter-over-quarter.</li>
<li>Sify Technologies Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sify#NASDAQ">SIFY</a>) dipped 10.8% to $1.56 after the company reported worse-than-expected third-quarter sales results.</li>
<li>Nukkleus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nukk#NASDAQ">NUKK</a>) fell 9.4% to $1.2510 after falling 6% on Wednesday. Nukkleus announced its intention to expand its investment in Jacobi Asset Management, known for sponsoring Europe&rsquo;s first approved Bitcoin spot ETF.</li>
<li>Mersana Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrsn#NASDAQ">MRSN</a>) dipped 8.3% to $2.65.</li>
<li>Discover Financial Services (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dfs#NYSE">DFS</a>) fell 6.9% to $101.22 after the company reported a 62% plunge in its profit for the fourth quarter on Wednesday.</li>
<li>U.S. Bancorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usb#NYSE">USB</a>) slipped 3.7% to $39.31.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/01/36673023/jim-cramer-says-buy-this-utilities-stock-down-6-over-past-6-months-calls-bunge-a-battleg"> Jim Cramer Says Buy This Utilities Stock Down 6% Over Past 6 Months, Calls Bunge A &#39;Battleground&#39;</a>

Movers

ACST

AKTS

ATAK

CANO

CELU

CURO

CUTR

CVKD

DADA

LANV

LICY

LUXH

LXEO

Airspan Networks Holdings Inc. Common Stock

MIMO

MMAT

MRAI

MRSN

NCAC

NUKK

NVVE

PHUN

PLUG

PRQR

ROMA

SAVE

SIFY

ZCAR

ZVSA

Why KeyCorp Shares Are Trading Lower By Over 5%? Here Are Other Stocks Moving In Thursday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) shares rose 18.5% to $1.6 during Thursday's regular session. The market value of their outstanding shares is at $17.7 million. </li>
<li>M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) stock moved upwards by 18.28% to $62.8. The company's market cap stands at $4.6 billion. </li>
<li>Lixiang Education Hldg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXEH#NASDAQ">LXEH</a>) shares increased by 16.39% to $4.26. The company's market cap stands at $28.4 million. </li>
<li>XWELL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XWEL#NASDAQ">XWEL</a>) shares rose 15.65% to $1.47. The company's market cap stands at $6.1 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) shares moved upwards by 9.27% to $0.59. The market value of their outstanding shares is at $94.8 million. </li>
<li>Lanvin Group Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LANV#NYSE">LANV</a>) shares increased by 8.01% to $2.56. The company's market cap stands at $336.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) shares declined by 17.8% to $2.5 during Thursday's regular session. The company's market cap stands at $141.2 million. </li>
<li>Century Casinos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNTY#NASDAQ">CNTY</a>) shares declined by 15.02% to $3.57. The market value of their outstanding shares is at $108.3 million. </li>
<li>Barnes &amp; Noble Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BNED#NYSE">BNED</a>) stock fell 12.41% to $0.88. The company's market cap stands at $46.5 million. </li>
<li>Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) stock decreased by 10.62% to $4.38. The company's market cap stands at $61.4 million. </li>
<li>Nova Lifestyle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVFY#NASDAQ">NVFY</a>) stock fell 10.4% to $2.5. The company's market cap stands at $4.0 million. </li>
<li>2U (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) shares fell 9.44% to $0.77. The company's market cap stands at $63.0 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.

BNED

CJET

CNTY

FTEL

GORV

LXEH

NVFY

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XWEL

12 Consumer Discretionary Stocks Moving In Thursday's Intraday Session

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 1% on Thursday.
The Dow traded down 0.02% to 37,257.79 while the NASDAQ rose 1.19% to 15,032.26. The S&amp;P 500 also rose, gaining, 0.49% to 4,762.36.
Check This Out: <a href="https://www.benzinga.com/news/24/01/36675664/alphabet-electronic-arts-and-2-other-stocks-insiders-are-selling"> Alphabet, Electronic Arts And 2 Other Stocks Insiders Are Selling </a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Information technology shares rose by 2% on Thursday.
In trading on Thursday, health care shares dipped by 1.1%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
The EIA said crude oil inventories in the U.S. declined by 2.492 million barrels in the week ending Jan. 12, 2024, compared to market estimates of a 0.313 million-barrel decline.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
Agrify Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/agfy#NASDAQ">AGFY</a>) shares shot up 34% to $1.5802 after the company announced it entered into a multi-million dollar sales agreement with Ocean Deep/Golden Lake Business Park.
Shares of M.D.C. Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdc#NYSE">MDC</a>) got a boost, surging 18% to $62.79 after the company announced it will be acquired by Sekisui House.
Taiwan Semiconductor Manufacturing Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) shares were also up, gaining 8% to $111.64 after the company reported better-than-expected fourth-quarter financial results.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
Aravive, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/arav#NASDAQ">ARAV</a>) shares dropped 46% to $0.0596. Aravive intends to voluntarily terminate the listing of its common stock on the Nasdaq Global Select Market.
Shares of Processa Pharmaceuticals, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pcsa#NASDAQ">PCSA</a>) were down 24% to $0.2105. Processa Pharmaceuticals said it will effect a 1-for-20 reverse stock split.
eHealth, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ehth#NASDAQ">EHTH</a>) was down, falling 20% to $5.57. Craig-Hallum analyst George Sutton downgraded eHealth from Buy to Hold.
Also Check This Out:<a href="https://www.benzinga.com/news/earnings/24/01/36672981/how-to-earn-500-a-month-from-microsoft-stock-ahead-of-q2-earnings-report"> How To Earn $500 A Month From Microsoft Stock Ahead Of Q2 Earnings Report</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 1.5% to $73.61 while gold traded up 0.6% at $2,019.10.
Silver traded up 0.7% to $22.82 on Thursday while copper rose 0.4% to $3.7495.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were higher today. The eurozone&rsquo;s STOXX 600 rose 0.59%, London&rsquo;s FTSE 100 rose 0.22% while Spain&rsquo;s IBEX 35 Index rose 0.16% The German DAX gained 0.77% French CAC 40 rose 1.15% while Italy&rsquo;s FTSE MIB Index climbed 0.81%.
Construction output in the Eurozone fell by 2.2% year-over-year in November, while current account surplus rose to EUR 31.7 billion in November versus a revised EUR 6.6 billion in the year-ago period. Passenger car registrations in the European Union declined 3.3% year-over-year to 867.1 thousand units in December.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed mixed on Thursday, with Japan&rsquo;s Nikkei 225 falling 0.03%, Hong Kong&rsquo;s Hang Seng Index gaining 0.75% and China&rsquo;s Shanghai Composite Index gaining 0.43%. India&rsquo;s S&amp;P BSE Sensex, meanwhile, fell 0.44%.
Hong Kong&rsquo;s seasonally adjusted unemployment rate came in unchanged at 2.9% in the three months ending December. Industrial production in Japan fell by 0.9% from a month ago in November, while Japan&#39;s core machinery orders declined 4.9% month-over-month in November.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. initial jobless claims fell by 16,000 to 187,000 in the week ending January 18, compared to market estimates of 207,000.
The Philadelphia Fed Manufacturing Index increased 2.2 points to a reading of -10.6 in January from -12.8 a month ago, versus market estimates of -7.
Housing starts fell 4.3% month-over-month to an annualized rate of 1.46 million in December, while building permits increased by 1.9% to an annual rate of 1.495 million in December.
The EIA said crude oil inventories in the U.S. declined by 2.492 million barrels in the week ending Jan. 12, 2024, compared to market estimates of a 0.313 million-barrel decline.
U.S. natural-gas supplies fell 154 billion cubic feet during the week ended Jan. 12, 2024, the EIA said.
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36675670/apple-to-rally-over-23-here-are-10-top-analyst-forecasts-for-thursday"> Apple To Rally Over 23%? Here Are 10 Top Analyst Forecasts For Thursday </a>

Crude Oil Rises Over 1%; Processa Pharmaceuticals Shares Slide

U.S. stocks traded mixed, with the Dow Jones index falling around 50 points on Thursday.
Shares of Fastenal Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fast#NASDAQ">FAST</a>) rose during Thursday&rsquo;s session after the company reported better-than-expected quarterly financial results.
Fastenal posted quarterly earnings of 46 cents per share, beating market estimates of 45 cents per share. The company&rsquo;s quarterly sales came in at $1.76 billion versus expectations of $1.75 billion.
Fastenal shares gained 7% to $67.81 on Thursday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>M.D.C. Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mdc#NYSE">MDC</a>) shares gained 18.2% to $62.76 after the company announced it will be acquired by Sekisui House.</li>
<li>Lexeo Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lxeo#NASDAQ">LXEO</a>) shares jumped 13% to $19.58.</li>
<li>Dada Nexus Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dada#NASDAQ">DADA</a>) rose 11.8% to $1.6750. Dada Nexus recently announced that it discovered suspicious practices in an internal audit.</li>
<li>NovoCure Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvcr#NASDAQ">NVCR</a>) gained 10.3% to $13.70 after the company announced FDA acceptance of the PMA application for TTFields therapy in non-small cell lung cancer.</li>
<li>Bitdeer Technologies Group (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/btdr#NASDAQ">BTDR</a>) jumped 9.8% to $7.17.</li>
<li>Nayax Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyax#NASDAQ">NYAX</a>) gained 9.4% to $22.16.</li>
<li>Lanvin Group Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lanv#NYSE">LANV</a>) gained 9.3% to $2.5901.</li>
<li>LiveRamp Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ramp#NYSE">RAMP</a>) surged 9.2% to $40.30. LiveRamp Holdings said it sees preliminary third-quarter revenue of $174 million and announced plans to acquire Habu.</li>
<li>Peabody Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/btu#NYSE">BTU</a>) rose 8.5% to $25.27 after it was announced the company will join the S&amp;P SmallCap 600.</li>
<li>Taiwan Semiconductor Manufacturing Company Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tsm#NYSE">TSM</a>) climbed 8.1% to $111.26 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htz#NASDAQ">HTZ</a>) rose 7.1% to $8.95 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight but cut its price target form $16 to $15.</li>
<li>Marvell Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mrvl#NASDAQ">MRVL</a>) jumped 4.6% to $68.35.</li>
<li>Alcoa Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aa#NYSE">AA</a>) rose 3.8% to $28.20 following fourth-quarter results.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/01/36672981/how-to-earn-500-a-month-from-microsoft-stock-ahead-of-q2-earnings-report"> How To Earn $500 A Month From Microsoft Stock Ahead Of Q2 Earnings Report</a>

BTDR

FAST

MRVL

NVCR

NYAX

Fastenal Posts Upbeat Earnings, Joins NovoCure, Taiwan Semiconductor Manufacturing And Other Big Stocks Moving Higher On Thursday

M.D.C. Holdings Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) shares are trading higher after the company disclosed a&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/n36673987/sekisui-house-and-m-d-c-holdings-announce-combination-to-create-a-top-five-homebuilder-in-the-u-s" rel="noreferrer noopener">merger deal with Japan&#8217;s&nbsp;Sekisui House</a>.
As per the definitive deal, Sekisui House will acquire MDC in an all-cash transaction for a price per share of $63.00 in cash at an equity value of $4.9 billion (around JPY688 billion at a JPY : USD conversion rate of 140:1).
The deal price represents around a 19% premium to MDC&#8217;s closing stock price on January 17, 2024, the last trading day before announcing the transaction, and about 41% premium to MDC&#8217;s 90-day volume-weighted average trading price.
The company expects to close the transaction in the first half of 2024, subject to approval of the merger by MDC&#8217;s stockholders, regulatory approvals and other customary conditions.&nbsp;
Post closure, Sekisui House expects to realize savings through the transaction, primarily through combined procurement and supply chain.
Yoshihiro Nakai, Representative Director of the Board President, Executive Officer and CEO of Sekisui House, said, &#8220;It will also allow us to achieve our goal of supplying 10,000 homes outside of Japan by FY2025, ahead of our initial expectations. This transaction directly aligns with our stated strategy for growth in North America and will create a more resilient portfolio for Sekisui House.&#8221;
Larry Mizel and David Mandarich and certain of their respective affiliates and estate planning vehicles, who beneficially own approximately 21.2% of MDC&#8217;s shares, have agreed, among other things, to vote in favor of the transaction.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/35569603/analyst-upgrades-homebuilders-in-anticipation-of-a-credit-catalyst-amid-recession-f" rel="noreferrer noopener">Analyst Upgrades Homebuilders In Anticipation Of A Credit Catalyst Amid Recession Fears</a>
Price Action: MDC shares are up 17.97% at $62.63 on the last check Thursday.
Photo via Company

Real Estate

Why Homebuilding Company M.D.C. Holdings Shares Are Rocketing Today

WIIM

M.D.C. Holdings shares are trading higher after the company announced it will be acquired by Sekisui House.

<h3>Gainers</h3>
<ul>
<li>M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) stock increased by 18.0% to $62.65 during Thursday's pre-market session. The market value of their outstanding shares is at $4.6 billion. </li>
<li>Dogness (Intl) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOGZ#NASDAQ">DOGZ</a>) shares rose 10.8% to $4.41. The company's market cap stands at $9.2 million. </li>
<li>Mondee Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOND#NASDAQ">MOND</a>) shares increased by 9.95% to $2.32. The company's market cap stands at $203.5 million. </li>
<li>Phoenix Motor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) stock moved upwards by 9.64% to $1.59. The market value of their outstanding shares is at $33.8 million. </li>
<li>Hamilton Beach Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBB#NYSE">HBB</a>) shares moved upwards by 8.47% to $20.99. The company's market cap stands at $293.7 million. </li>
<li>Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) stock increased by 7.14% to $5.25. The company's market cap stands at $73.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Birkenstock Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) stock decreased by 11.8% to $44.1 during Thursday's pre-market session. The company's market cap stands at $8.2 billion. As per the press release, Q4 earnings came out today. </li>
<li>Kaival Brands Innovations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) stock decreased by 8.63% to $0.18. The company's market cap stands at $10.5 million. </li>
<li>Cazoo Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CZOO#NYSE">CZOO</a>) shares decreased by 7.46% to $4.22. The company's market cap stands at $20.6 million. </li>
<li>Interactive Strength (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares decreased by 7.05% to $0.66. The company's market cap stands at $9.4 million. </li>
<li>Nova Lifestyle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVFY#NASDAQ">NVFY</a>) shares decreased by 6.82% to $2.6. The company's market cap stands at $4.2 million. </li>
<li>MGO Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) stock declined by 6.59% to $0.49. The market value of their outstanding shares is at $6.9 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.

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