Teledyne Technologies Stock (NYSE:TDY), Trade Ideas

Teledyne Technologies

Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment contributes the largest proportion of revenue and includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.

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Why Teledyne Technologies Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Wednesday&#39;s Mid-Day Session

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Teledyne Technologies Incorporated Common Stock

Teledyne Technologies Inc

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Needham analyst James Ricchiuti maintains Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) with a Buy and lowers the price target from $510 to $455.

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Analyst Ratings

Needham Maintains Buy on Teledyne Technologies, Lowers Price Target to $455

Shares of Teledyne Technologies Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) fell sharply during Wednesday's session after the company reported worse-than-expected first-quarter financial results and <a href="https://www.benzinga.com/quote/TDY/earnings">cut FY24 adjusted EPS guidance.</a>
Teledyne Technologies posted adjusted earnings of $4.55 per share, missing market estimates of $4.63 per share. The company's quarterly sales came in at $1.35 billion versus expectations of $1.40 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Teledyne Technologies shares dipped 9.3% to $369.16 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) gained 136% to $0.3570.</li>
<li>BranchOut Food Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) shares climbed 73% to $1.98 after the company announced it has expanded its existing relationship with the nation&#8217;s largest retailer, which brings the total annualized value of commitments from the retailer to over $8 million.</li>
<li>Amesite Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMST#NASDAQ">AMST</a>) jumped 55.7% to $3.10 after the company announced the Beta release of its NurseMagic app.</li>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) gained 53.5% to $0.8599.</li>
<li>WiMi Hologram Cloud Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIMI#NASDAQ">WIMI</a>) rose 44.6% to $1.05.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) rose 44% to $3.93.</li>
<li>Prenetics Global Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRE#NASDAQ">PRE</a>) gained 36.6% to $6.25.</li>
<li>B. Riley Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) shares surged 29.9% to $28.20 after the company announced the results of an independent investigation showed the company and its executives had no involvement with, or knowledge of, any of the alleged misconduct concerning Mr. Kahn or any of his affiliates.</li>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares climbed 29% to $2.8948.</li>
<li>Connexa Sports Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) gained 28.8% to $0.9427.</li>
<li>Ribbon Communications Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) shares rose 27.2% to $3.2699 after the company reported first-quarter financial results and issued guidance.</li>
<li>TROOPS, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROO#NASDAQ">TROO</a>) gained 26.6% to $1.38.</li>
<li>Babcock &amp; Wilcox Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) gained 19.9% to $1.10</li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) surged 12.1% to $65.13 following better-than-expected first-quarter financial results.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) gained 11.9% to $161.93 following first-quarter results.</li>
<li>Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) climbed 11.2% to $88.07 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.</li>
<li>Intchains Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NYSE">ICG</a>) gained 10.3% to $10.30.</li>
<li>Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) surged 9.2% to $4.1402. Navitas Semiconductor is expected to report first-quarter financial results on Thursday, May 9.</li>
<li>Westinghouse Air Brake Technologies Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAB#NYSE">WAB</a>) surged 9% to $161.84 after the company reported better-than-expected first-quarter financial results and raised its 2024 guidance.</li>
<li>Stride, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) surged 8.4% to $63.07 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.</li>
<li>Texas Instruments Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) gained 6.4% to $176.10 following a first-quarter earnings beat.</li>
<li>Boston Scientific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) surged 6.2% to $73.24 after the company reported better than expected first-quarter earnings and issued guidance.</li>
<li>Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) rose gained 4.4% to $205.69 after the company reported better-than-expected first-quarter financial results and raised FY24 adjusted EPS guidance.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Neo-Concept International Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCI#NASDAQ">NCI</a>) fell 67.4% to $3.06 after jumping over 137% on Tuesday. The company priced its IPO at $4 per share.</li>
<li>iSun, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) fell 40% to $0.0901 after the company announced a reverse stock split.</li>
<li>GlucoTrack, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCTK#NASDAQ">GCTK</a>) declined 36.8% to $0.4801.</li>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) shares dipped 32.4% to $5.27 after reporting fiscal year 2023 results.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) fell 31% to $0.0925 after the company announced a reverse stock split.</li>
<li>Vaxxinity, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VAXX#NASDAQ">VAXX</a>) dipped 26.8% to $0.1464.</li>
<li>Applied DNA Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>) fell 20% to $0.2320.</li>
<li>Brand Engagement Network, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares dipped 19.5% to $3.46.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares declined 18.8% to $1.81.</li>
<li>Recon Technology, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCON#NASDAQ">RCON</a>) fell 16.5% to $0.0845.</li>
<li>Finch Therapeutics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNCH#NASDAQ">FNCH</a>) fell 15.5% to $2.35.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) shares slipped 13.9% to $77.13 following downbeat quarterly earnings.</li>
<li>Mersana Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRSN#NASDAQ">MRSN</a>) fell 11% to $2.8600.</li>
<li>Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) dipped 9.8% to $90.45 after the company reported fourth-quarter financial results and issued FY25 guidance below estimates.</li>
<li>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) shares declined 9.7% to $197.95 following a first-quarter revenue miss.</li>
<li>Vicor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) dipped 8.5% to $32.17 after the company reported worse-than-expected first-quarter sales results.</li>
<li>Sleep Number Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) fell 8.4% to $13.38.</li>
<li>Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) shares declined 8.4% to $211.18 following quarterly results.</li>
<li>Equinox Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQX#NYSE">EQX</a>) fell 8.2% to $5.25. Equinox Gold entered into a binding share purchase agreement with certain funds managed by Orion Mine Finance Management LP to acquire Orion&#8217;s 40% interest in Greenstone Gold Mine GP Inc., giving Equinox Gold 100% ownership of the Greenstone Mine in Ontario, Canada.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) fell 4.5% to $108.43 after the company reported worse-than-expected first-quarter financial results and issued second-quarter revenue guidance below estimates.</li>
<li>Lithia Motors, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) shares fell 4.3% to $253.02 following downbeat quarterly earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/04/38400974/tesla-to-180-here-are-10-top-analyst-forecasts-for-wednesday">Tesla To $180? Here Are 10 Top Analyst Forecasts For Wednesday</a>

Why Teledyne Technologies Shares Are Trading Lower By 9%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) shares rose 38.6% to $0.84 during Wednesday's regular session. The market value of their outstanding shares is at $36.9 million. As per the news, the Q1 earnings report came out 3 days ago. </li>
<li>NextTrip (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRP#NASDAQ">NTRP</a>) shares rose 38.46% to $3.96. The market value of their outstanding shares is at $5.3 million. </li>
<li>Ribbon Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) stock increased by 30.35% to $3.35. The market value of their outstanding shares is at $578.5 million. As per the news, the Q1 earnings report came out today. </li>
<li>Prairie Operating (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROP#NASDAQ">PROP</a>) stock increased by 23.28% to $14.57. The market value of their outstanding shares is at $146.1 million. </li>
<li>Red Cat Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>) shares moved upwards by 22.08% to $1.47. The market value of their outstanding shares is at $108.8 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock increased by 21.84% to $2.73. The market value of their outstanding shares is at $543.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Brand Engagement Network (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNAI#NASDAQ">BNAI</a>) shares fell 18.6% to $3.5 during Wednesday's regular session. The market value of their outstanding shares is at $116.6 million. </li>
<li>Cemtrex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares decreased by 13.66% to $2.15. The market value of their outstanding shares is at $2.2 million. </li>
<li>Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) stock fell 12.36% to $356.78. The company's market cap stands at $16.9 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) shares decreased by 12.0% to $0.44. The market value of their outstanding shares is at $7.3 million. </li>
<li>BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) stock decreased by 10.85% to $3.08. The market value of their outstanding shares is at $34.1 million. </li>
<li>Mawson Infra Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIGI#NASDAQ">MIGI</a>) stock decreased by 10.27% to $1.35. The market value of their outstanding shares is at $22.5 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Wednesday's Intraday Session

WIIM

Teledyne Technologies shares are trading lower after the company reported worse-than-expected Q1 financial results, issued Q2 adjusted EPS guidance below estimates and cut FY24 adjusted EPS guidance below estimates.

<h3>Gainers</h3>
<ul>
<li>Zapata Computing Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZPTA#NASDAQ">ZPTA</a>) stock increased by 19.9% to $1.87 during Wednesday's pre-market session. The company's market cap stands at $55.7 million. </li>
<li>Ascent Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTI#NASDAQ">ASTI</a>) stock increased by 17.25% to $0.12. The company's market cap stands at $2.6 million. </li>
<li>AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) shares increased by 16.46% to $15.7. The company's market cap stands at $183.0 million. As per the press release, Q1 earnings came out yesterday. </li>
<li>Ribbon Comms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) shares moved upwards by 13.22% to $2.91. The market value of their outstanding shares is at $502.5 million. As per the press release, Q1 earnings came out today. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) stock rose 7.89% to $1.23. The market value of their outstanding shares is at $32.5 million. </li>
<li>MariaDB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRDB#NYSE">MRDB</a>) shares increased by 7.15% to $0.53. The company's market cap stands at $35.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) stock fell 24.5% to $127.42 during Wednesday's pre-market session. The company's market cap stands at $4.6 billion. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock declined by 16.01% to $0.42. The market value of their outstanding shares is at $7.0 million. </li>
<li>Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) stock declined by 7.92% to $104.5. The market value of their outstanding shares is at $14.2 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Banzai International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNZI#NASDAQ">BNZI</a>) stock decreased by 7.79% to $0.32. The market value of their outstanding shares is at $6.5 million. </li>
<li>Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) shares fell 6.99% to $378.62. The market value of their outstanding shares is at $17.9 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) shares decreased by 6.39% to $215.9. The market value of their outstanding shares is at $13.2 billion. The company's, Q1 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Guidance

Teledyne FY24 Outlook: Updated Adj. EPS To $19.25-$19.45 (From $20.35 - $20.68) Vs. $20.56 Est.

Teledyne Sees Q2 Adj. EPS Of $4.40-$4.50 Vs. $5.00 Est.

Earnings

Teledyne Technologies Posts Q1 Orders Of $1.43B

Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) reported quarterly earnings of $4.55 per share which missed the analyst consensus estimate of $4.63 by 1.73 percent. This is a 0.44 percent increase over earnings of $4.53 per share from the same period last year. The company reported quarterly sales of $1.35 billion which missed the analyst consensus estimate of $1.40 billion by 3.57 percent. This is a 2.39 percent decrease over sales of $1.38 billion the same period last year.

Teledyne Technologies Q1 Adj. EPS $4.55 Misses $4.63 Estimate, Sales $1.35B Miss $1.40B Estimate

Teledyne e2v, a Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) company and global innovator of imaging solutions, is pleased to announce a new technology and design collaboration with <a href="https://www.airy3d.com/">Airy3D</a> (Montreal, Canada), a leading 3D vision solution provider. The first result of this partnership is the co-engineering of the recently announced <a href="https://imaging.teledyne-e2v.com/products/2d-cmos-image-sensors/topaz5d/">Topaz5D</a>&#x2122;, a low-cost, low power, passive, 2 megapixel global shutter sensor which produces 2D images and 3D depth maps. &nbsp;

Teledyne e2v and Airy3D Collaborate to Deliver Affordable 3D Vision Solutions

Teledyne FLIR Defense, part of Teledyne Technologies Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>), announced that it has been awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) contract worth up to&nbsp;$249 million&nbsp;by the U.S. Marine Corps Systems Command for its Organic Precision Fires-Light (OPF-L) program. The initial delivery order is valued at&nbsp;$12 million.

Teledyne FLIR Defense Won $249M IDIQ Contract for US Marine Corps Organic Precision Fires-Light Program

In a recent Reddit post, user SunsetKittens shares insights on why Petrobras Brasileiro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) stock presents a compelling investment opportunity. Known for previous successful stock picks like United States Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) and Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>), SunsetKittens now focuses on Petrobras, a state-owned oil <a href="https://www.benzinga.com/topic/brazil">company in Brazil</a>.
The iShares Inc iShares MSCI Brazil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWZ#NYSE">EWZ</a>) offers exposure to Brazil equity markets. Petrobras stock holds second place in EWZ in terms of allocation, at 9.36% of the portfolio.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
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<blockquote class="reddit-embed-bq" style="height:316px" ><a href="https://www.reddit.com/r/stocks/comments/1bzo8pr/pbr_petrobras_a_great_value_stock/">PBR Petrobras &#8211; a great Value Stock</a> by<a href="https://www.reddit.com/user/SunsetKittens/">u/SunsetKittens</a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
</figure>
<h2 class="wp-block-heading">Petrobras As A Value Investment</h2>
SunsetKittens points out that Petrobras is currently trading at around $15.50, offering a market cap of over $100 billion. With strong financial metrics, including $4.80 per share in free cash flow in 2023 and a break-even oil price of $20 per barrel, Petrobras appears undervalued in the market.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/03/37626987/petrobras-reportedly-pulls-back-on-dividends">Petrobras Reportedly Pulls Back On Dividends</a>
<h2 class="wp-block-heading">Assessing Risks Under President Lula&#8217;s Administration</h2>
Despite a decrease in dividend yield, SunsetKittens sees potential for future growth, although acknowledges uncertainty regarding government policies under President Lula Da Silva&#8216;s administration. Lula&#8217;s focus on green energy initiatives raises questions about potential interference in Petrobras&#8217; operations, reminiscent of similar concerns faced by other companies like Meta Platforms in 2023.
&#8220;Now like Zuck chasing the Metaverse Lula will be chasing green energy a tad. But will he kill the golden goose that funds his government?&#8221; Sunsetkittens said.
However, SunsetKittens remains optimistic, drawing parallels between Petrobras and successful investments like Meta. With only 30% of its oil sold internationally, Petrobras benefits from domestic price controls, ensuring stable profits even amid global market fluctuations.
<h2 class="wp-block-heading">Responses from the Investment Community</h2>
Responses from fellow Redditors offer mixed opinions, reflecting ongoing debates within the investment community. While some highlight risks associated with government intervention and market volatility, others see Petrobras as an attractive long-term investment opportunity, especially considering its strong position in the oil market.
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
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<blockquote class="reddit-embed-bq" ><a href="https://www.reddit.com/r/stocks/comments/1bzo8pr/comment/kytgl7u/">Comment</a> by<a href="https://www.reddit.com/user/SunsetKittens/">u/SunsetKittens</a> from discussion<a href="https://www.reddit.com/r/stocks/comments/1bzo8pr/pbr_petrobras_a_great_value_stock/"><no value></no></a> in<a href="https://www.reddit.com/r/stocks/">stocks</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
</figure>
<h2 class="wp-block-heading">Petrobras &#8211; A Value Proposition in Flux</h2>
Petrobras offers a unique value proposition for investors willing to navigate potential risks. As the debate continues, it remains to be seen whether Petrobras will maintain its status as a lucrative investment or face challenges under changing government policies.
Read Next: <a href="https://www.benzinga.com/news/24/04/38136952/marjorie-taylor-greene-issues-warning-whats-happening-in-brazil-could-happen-in-america-amid-elon-mu">Marjorie Taylor Greene Issues Warning: &#8216;What&#8217;s Happening In Brazil Could Happen In America&#8217; Amid Elon Musk&#8217;s X Account Blocking Controversy</a>
Photo: Shutterstock

Will Brazil's President 'Kill The Golden Goose That Funds His Government?': Redditor Argues Petrobras Stock Offers Great Value

Teledyne Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) short percent of float has fallen 8.25% since its last report. The company recently reported that it has 647 thousand shares sold short, which is 1.78% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.1 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>Teledyne Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711721710_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Teledyne Technologies has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Teledyne Technologies'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>, Teledyne Technologies's peer group average for short interest as a percentage of float is 7.19%, which means the company has less 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

Peering Into Teledyne Technologies's Recent Short Interest

Bond appetites are growing as more and more investors look to lock in high-yielding assets ahead of an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37790222/fed-meeting-preview-these-2-wall-street-analysts-still-expect-3-cuts-in-2024-but-bo">expected decline in interest rates this year</a>. 
What To Know: Riskier forms of corporate debt with higher yields are becoming increasingly popular with the Federal Reserve expected to begin cutting rates later this year.
Investors are looking for opportunities to lock in current levels of high interest for years to come, and corporate bonds are one place they are looking. According to Reuters, a change in Moody&#8217;s approach to ratings last month has fueled the increased demand, especially for high-yielding bonds.
Benzinga used Public.com&#8217;s bond screener <a href="https://public.com/bonds/screener">tool</a> to identify some of the highest-yielding investment-grade corporate bonds with maximum liquidity. Here&#8217;s a look at the results:
<ul>
<li>Stanley Black &amp; Decker Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWK#NYSE">SWK</a>): 16.04% yield</li>
</ul>
<ul>
<li>Teledyne Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>): 14.37% yield</li>
</ul>
<ul>
<li>Truist Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>): 11.7% yield</li>
</ul>
<ul>
<li>Quest Diagnostics Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>): 11.64% yield</li>
</ul>
<ul>
<li>Amphenol Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>): 11.03% yield</li>
</ul>
<ul>
<li>Enstar Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESGR#NASDAQ">ESGR</a>): 8.42% yield</li>
</ul>
<ul>
<li>Duke Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>): 8.3% yield</li>
</ul>
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37790222/fed-meeting-preview-these-2-wall-street-analysts-still-expect-3-cuts-in-2024-but-bo">Fed Meeting Preview: These 2 Wall Street Analysts Still Expect 3 Cuts In 2024, But Bond Market Reflects Growing Uncertainty</a>
Here&#8217;s a look at some of the highest-yielding speculative-grade corporate bonds:
<ul>
<li>AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) 33.59% yield</li>
</ul>
<ul>
<li>Hughes Satellite Systems Corp: 32.3% yield</li>
</ul>
<ul>
<li>DISH Network Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DISH#NASDAQ">DISH</a>): 29.59% yield</li>
</ul>
<ul>
<li>Office Properties Income Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPI#NASDAQ">OPI</a>): 28.99% yield</li>
</ul>
Higher-yielding bonds offer higher interest rates because they have a much higher risk of default. Corporate bonds are also riskier than U.S. Treasury bonds because they are not backed by the government.
When a company with a higher estimated default risk issues bonds, it usually does so with higher rates to try to attract investors who may be considering government bonds or lower-rate corporate bonds with investment-grade credit ratings.
Check This Out: <a href="https://www.google.com/search?client=safari&amp;rls=en&amp;q=corporate+bonds+benzinga&amp;ie=UTF-8&amp;oe=UTF-8">How to Buy Corporate Bonds: A Step-By-Step Guide</a>
Photo: Funtap from Shutterstock.

Teledyne Technologies Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) ("Teledyne") announced today that it has entered into an agreement to acquire Valeport Holdings Limited and its affiliates ("Valeport"). Valeport, founded in 1969 and headquartered in Totnes, United Kingdom, designs and manufactures underwater sensors for environmental, energy, construction and defense applications. Terms of the transactions were not disclosed.
Valeport provides complementary underwater sensors including sound velocity probes, current and flow meters, and conductivity, temperature and depth sensors. Valeport also provides multi-parameter profilers which can also measure turbidity or cloudiness, or include fluorometer sensors to detect chlorophyll levels.
"We are delighted that Valeport will join Teledyne Marine and expand our technology offerings," said George Bobb, President and Chief Operating Officer of Teledyne. "Through more than 20 acquisitions and ongoing collaboration, Teledyne Marine brings imaging, instruments, interconnects, acoustics, and complete subsea vehicle technology together to provide total solutions to our customers."
"Our family is very proud of where we have brought Valeport so far, but the time is right for the next phase of its journey, and I am so pleased that this will be as a part of Teledyne Marine and excited about the prospect of working with the rest of the Teledyne group to bring our customers an even greater range of excellence," said Matt Quartley, Managing Director of Valeport.

Teledyne To Acquire Valeport;  Terms Of The Transactions Were Not Disclosed

New Si2-Pro, Si2-LD, and Si2-PD models provide best-in-class performance, decision support, fleet management and enterprise data integration with new on-screen gas leak quantification, partial discharge assessment, and mechanical fault measurement.

Teledyne Technologies' FLIR Expands Its Acoustic Imaging Line With Si2-Series, To Detect Compressed Air Leaks, Partial Discharges, Mechanical Faults, And Quantify Gas Leaks

Teledyne Technologies's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) short percent of float has risen 3.93% since its last report. The company recently reported that it has 843 thousand shares sold short, which is 2.38% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.52 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>Teledyne Technologies Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708532121_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Teledyne Technologies 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 Teledyne Technologies'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>, Teledyne Technologies's peer group average for short interest as a percentage of float is 6.86%, which means the company has less 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.

How Is The Market Feeling About Teledyne Technologies?

Donation adds to company's unmanned systems and counter-drone technology currently in use by Ukraine forces

Contracts

Teledyne FLIR To Supply Canadian Government More Than 800 Drones Worth CAD$95M For Ukraine

Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) has outperformed the market over the past 20 years by 8.54% on an annualized basis producing an average annual return of 16.08%. Currently, Teledyne Technologies has a market capitalization of $20.15 billion. 
Buying $1000 In TDY: If an investor had bought $1000 of TDY stock 20 years ago, it would be worth $19,828.57 today based on a price of $427.07 for TDY at the time of writing.
<h3>Teledyne Technologies's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707852628_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Teledyne Technologies 20 Years Ago Would Be Worth This Much Today

Teledyne To Acquire Adimec, Financial Terms Not Disclosed

The market has been high on Teledyne Technologies Inc (TDY)  stock recently. TDY gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. Teledyne Technologies Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on TDY!See Full TDY ReportWhat is Stock Sentime

Is Teledyne Technologies Inc (TDY) Stock About to Get Hot Friday?

Stock losers of Republican policy if Trump wins - GS

Teledyne FLIR Defense gets $249 million contract in U.S.

Defense spending and defense stocks: Why they don't always reflect each other

Notable earnings before Wednesday's open

Teledyne Q1 2024 Earnings Preview

Teledyne Non-GAAP EPS of $4.55 misses by $0.08, revenue of $1.35B misses by $40M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Teledyne Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/tdy-stock-quote/">TDY</a>) just reported results for the first quarter of 2024.<ul><li>Teledyne Technologies reported earnings per share of $4.55. This was below the analyst estimate for EPS of $4.63.</li><li>The company reported revenue of $1.35 billion.</li><li>This was 3.57% worse than the analyst estimate for revenue of $1.40 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/tdy-stock-earnings-teledyne-technologies-for-q1-of-2024/">TDY Stock Earnings: Teledyne Technologies Misses EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TDY Stock Earnings: Teledyne Technologies Misses EPS, Misses Revenue for Q1 2024

Teledyne Technologies Incorporated (TDY) Q1 2024 Earnings Call Transcript

In a report released today, James Ricchiuti from Needham reiterated a Buy rating on Teledyne Technologies (TDY – Research Report), with a price tar...

Buy Rating Affirmed for Teledyne Technologies Amidst Growth Prospects and Strategic Capital Allocation

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IBDSF

LDOS

MRCY

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Press Releases

Teledyne to Acquire Adimec

Teledyne FLIR to Supply Canadian Government More Than 800 Drones Worth CAD$95 Million for Ukraine

FLIR Announces Si2-Series of Acoustic Imagers to Detect Compressed Air Leaks, Partial Discharges, Mechanical Faults, and Quantify Gas Leaks

Experience the Unmatched Versatility of Ethernet in Ethernet Alliance's 2024 OFC Demo

Teledyne to Acquire Valeport

Teledyne to Hold Investor Meetings

Teledyne FLIR Defense Awarded $249 Million IDIQ Contract for U.S. Marine Corps Organic Precision Fires-Light Program

Teledyne Announces First Quarter 2024 Earnings Webcast Details

Teledyne e2v and Airy3D collaboration delivers more affordable 3D vision solutions