Treehouse Foods Stock (NYSE:THS), Trade Ideas

Treehouse Foods

TreeHouse Foods is the largest pure-play private-label manufacturer in the US. Much larger in the past following the 2016 acquisition of Ralcorp, Conagra's former private-label business, the company has since divested several businesses to focus on high-growth categories. At present, the company produces and sells snacks (crackers, pretzels, cookies, and so on), beverages and drink mixes (such as nondairy creamer, coffee, tea), and a select number of grocery products (pickles, refrigerated dough, hot cereal, cheese, and pudding). Its most important sales channel is through retail grocery stores that sell its products under their own brands, with co-manufacturing and food away from home as much smaller channels of distribution for its fare.

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Why Perficient Shares Are Trading Higher By Around 53%? Here Are 20 Stocks Moving In Monday&#39;s Mid-Day Session

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Barclays analyst Andrew Lazar maintains Treehouse Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) with a Equal-Weight and lowers the price target from $39 to $36.

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Analyst Ratings

Barclays Maintains Equal-Weight on Treehouse Foods, Lowers Price Target to $36

TD Cowen analyst Robert Moskow maintains Treehouse Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) with a Hold and lowers the price target from $38 to $37.

TD Cowen Maintains Hold on Treehouse Foods, Lowers Price Target to $37

Stifel analyst Matthew Smith maintains Treehouse Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) with a Hold and lowers the price target from $38 to $36.

Stifel Maintains Hold on Treehouse Foods, Lowers Price Target to $36

U.S. stocks were higher, with the Nasdaq Composite gaining over 100 points on Monday.
Shares of Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) fell sharply during Monday's session as the company reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion. Adjusted EPS loss was $(1.46), down from $(0.82), <a href="https://www.benzinga.com/quote/SAVE/earnings">missing the consensus of $(1.45).</a>
Spirit Airlines shares dipped 9.8% to $3.3450 on Monday.
Here are some other big stocks recording losses in today's session.
<ul>
<li>EyePoint Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) shares fell 37.7% to $12.29 after the company&#8217;s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified primary endpoint.</li>
<li>Integra LifeSciences Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) shares tumbled 17.8% to $23.76 following weak second-quarter EPS guidance.</li>
<li>Bowlero Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) declined 16.7% to $10.40 in pre-market trading after posting weaker-than-expected quarterly results.</li>
<li>Braskem S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAK#NYSE">BAK</a>) shares dipped 15.5% to $7.63 in pre-market trading after shareholder Novonor said Adnoc has no interest in continuing the process on a potential transaction.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) declined 15.2% to $13.97 after the stock rose more than 40% last week.</li>
<li>Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) declined 11.5% to $3.9489 after the company announced plans for a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries.</li>
<li>TreeHouse Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) tumbled 10.3% to $33.41 after the company reported mixed first-quarter financial results including a net sales decline.</li>
<li>Jasper Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JSPR#NASDAQ">JSPR</a>) dipped 9.2% to $22.28. HC Wainwright &amp; Co. analyst Emily Bodnar initiated coverage on Jasper Therapeutics with a Buy rating and announced a price target of $65.</li>
<li>Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) declined 7.9% to $9.18.</li>
<li>Medical Properties Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>) declined 8% to $4.48 after tenant Steward Health Care reportedly filed for bankruptcy protection.</li>
<li>Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) fell 7.8% to $57.18 following weak quarterly sales.</li>
<li>Allego N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NASDAQ">ALLG</a>) declined 7.8% to $1.1799.</li>
<li>CureVac N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVAC#NASDAQ">CVAC</a>) fell 7.1% to $2.9080.</li>
<li>Titan International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWI#NYSE">TWI</a>) declined 6.7% to $9.36.</li>
<li>Geron Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) fell 3.8% to $3.78.</li>
<li>Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) fell 3.8% to $299.53.</li>
</ul>
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U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Monday.
The Dow traded up 0.18% to 38,744.60 while the NASDAQ rose 0.69% to 16,267.82. The S&amp;P 500 also rose, gaining, 0.61% to 5,158.84.
Check This Out: <a href="https://www.benzinga.com/news/24/05/38611902/wall-streets-most-accurate-analysts-views-on-3-tech-telecom-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Tech &amp; Telecom Stocks Delivering High-Dividend Yields</a>
Leading and Lagging Sectors Energy shares rose by 1.5% on Monday.
In trading on Friday, consumer staples shares fell by 0.4%.
Top Headline
Shares of TreeHouse Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) fell around 9% on Monday after the company reported mixed first-quarter financial results.
The company reported a first-quarter FY24 sales of $820.70 million, beating the analyst consensus estimate of $797.18 million. Adjusted EPS of $(0.03) missed the analyst consensus of $(0.01).
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Perficient, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) shares shot up 53% to $73.53 after the company disclosed an acquisition deal and first-quarter FY24 results.</li>
<li>Shares of Strong Global Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGE#NYSE">SGE</a>) got a boost, surging 108% to $2.3783 fter FG Acquisition Corp. announced the proposed acquisition of Strong/MDI Screen Systems and the launch of Saltire Holdings.</li>
<li>XBP Europe Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XBP#NASDAQ">XBP</a>) shares were also up, gaining 53% to $3.2350. XBP Europe Holdings was recently awarded a $40 million multi-year contract for a nationwide transformation project for His Majesty&#8217;s Passport Office.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Lyra Therapeutics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYRA#NASDAQ">LYRA</a>) shares dropped 87% to $0.5363 after the company announced the ENLIGHTEN 1 trial did not meet its primary endpoint.</li>
<li>Shares of GlycoMimetics, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLYC#NASDAQ">GLYC</a>) were down 79% to $0.3801 after the company announced topline results from its Phase 3 global pivotal study of uproleselan in relapsed/refractory acute myeloid leukemia (R/R AML).</li>
<li>EyePoint Pharmaceuticals, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) was down, falling 39% to $11.99 after the company&#8217;s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified primary endpoint.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/news/24/05/38611794/top-2-consumer-stocks-that-may-plunge-this-quarter&quot;">Top 2 Consumer Stocks That May Plunge This Quarter</a>
Commodities In commodity news, oil traded up 1.1% to $78.95 while gold traded up 1.2% at $2,335.40.
Silver traded up 3.6% to $27.645 on Monday, while copper rose 1.4% to $4.6225.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.53%, Germany's DAX rose 0.96% and France's CAC 40 gained 0.49%. Spain's IBEX 35 Index rose 0.58%, while London's FTSE 100 rose 0.51%.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei falling 0.1%, Hong Kong's Hang Seng Index jumping 0.55% and India's S&amp;P BSE Sensex rising 0.02%.
Economics
No major economic reports will be released today.
Now Read This: <a href="https://www.benzinga.com/news/24/05/38641330/netflix-home-depot-and-more-on-cnbcs-final-trades">Netflix, Home Depot And More On CNBC&#8217;s &#8216;Final Trades</a>&#8216;

Shares of Perficient, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFT#NASDAQ">PRFT</a>) shares rose sharply during Monday's session after the company disclosed an acquisition deal and <a href="https://www.benzinga.com/quote/PRFT/earnings">first-quarter FY24 results</a>.
The company stated that it has entered into a definitive deal to be acquired by an affiliate of BPEA Private Equity Fund VIII (EQT Asia), part of EQT AB in an all-cash transaction at an enterprise value of around $3.0 billion.
Perficient shares jumped 53% to $73.60 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>BioCryst Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCRX#NASDAQ">BCRX</a>) gained 19% to $5.30 following strong first-quarter results.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) rose 15% to $2.1050.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) gained 13.2% to $19.83.</li>
<li>Trupanion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRUP#NASDAQ">TRUP</a>) rose 10.9% to $22.02. The company recently reported first-quarter financial results.</li>
<li>Ocugen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCGN#NASDAQ">OCGN</a>) surged 10.9% to $1.4750. Ocugen is expected to host conference call on Tuesday, May 14 to discuss business updates and first quarter 2024 financial results.</li>
<li>SNDL Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) shares gained 10.5% to $2.5999.</li>
<li>SelectQuote, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLQT#NYSE">SLQT</a>) jumped 10.3% to $2.25. SelectQuote is expected to Release fiscal third quarter 2024 earnings on May 9.</li>
<li>Lotus Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOT#NASDAQ">LOT</a>) gained 9.4% to $7.80.</li>
<li>Atlas Energy Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AESI#NASDAQ">AESI</a>) rose 7.7% to $23.65, reversing from earlier weakness after reporting first-quarter results. The company also raised its dividend.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>EyePoint Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EYPT#NASDAQ">EYPT</a>) dipped 37.7% to $12.29 after the company&#8217;s Phase 2 PAVIA trial of DURAVYU did not meet its pre-specified primary endpoint.</li>
<li>Integra LifeSciences Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IART#NASDAQ">IART</a>) shares dropped 17.8% to $23.76 following weak second-quarter EPS guidance.</li>
<li>Bowlero Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOWL#NYSE">BOWL</a>) fell 16.7% to $10.40 in pre-market trading after posting weaker-than-expected quarterly results.</li>
<li>Braskem S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAK#NYSE">BAK</a>) shares declined 15.5% to $7.63 in pre-market trading after shareholder Novonor said Adnoc has no interest in continuing the process on a potential transaction.</li>
<li>GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) fell 15.2% to $13.97 after the stock rose more than 40% last week.</li>
<li>Uniti Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) fell 11.5% to $3.9489 after the company announced plans for a $300 million offering of 10.50% Senior Secured Notes due 2028 by its subsidiaries.</li>
<li>TreeHouse Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) dipped 10.3% to $33.41 after the company reported mixed first-quarter financial results including a net sales decline.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) declined 9.8% to $3.3450 as the company reported a first-quarter fiscal 2024 revenue decline of 6.2% Y/Y to $1.265 billion, marginally missing the consensus of $1.269 billion.</li>
<li>Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) fell 7.9% to $9.18.</li>
<li>Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) fell 7.8% to $57.18 following weak quarterly sales.</li>
</ul>
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Why Perficient Shares Are Trading Higher By Around 53%? Here Are 20 Stocks Moving In Monday's Mid-Day Session

TreeHouse Foods Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) shares are trading lower after the company&#8217;s first-quarter revenue declined 3.9% <a href="https://www.benzinga.com//node/38637338">and the adjusted EPS missed the consensus.</a>
The company reported&nbsp;a first-quarter&nbsp;FY24 sales of $820.70 million, beating the analyst consensus estimate of $797.18 million.
The revenue decrease&nbsp;was primarily driven&nbsp;by unfavorable volume/mix due to planned distribution exits&nbsp;primarily&nbsp;in coffee and in-store bakery categories, as well as&nbsp;the restart of one of the broth facilities,&nbsp;which contributed&nbsp;to approximately half of the volume decline.&nbsp;
Gross margin for the quarter contracted 440 basis points Y/Y to 13.6%. Adjusted EBITDA from continuing operations totaled $46 million, and the margin was 5.6%.
The company reported an operating loss of $(5.2) million compared to an operating income of $40.9 million last year. The operating expenses climbed 4% Y/Y to $117.2 million.
Adjusted EPS of $(0.03)&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the analyst consensus of $(0.01).</a>
TreeHouse repurchased approximately 1.2 million shares of common stock for a total of $43.9 million in the first quarter. The company held $191.8 million in cash and equivalents as of March-end.
&#8220;While the downtime at our broth facility impacted first quarter profitability, restart of that facility coupled with our meaningful supply chain savings initiatives position us well to expand margin through the rest of the year and deliver our full year profitability guidance,&#8221; said Chairman, CEO&nbsp;and&nbsp;President Steve Oakland.
Outlook: TreeHouse reaffirmed&nbsp;its FY24 sales outlook of $3.43 billion &#8211; $3.50 billion against an&nbsp;estimate of&nbsp;$3.447 billion. The company expects FY24 adjusted EBITDA of $360 million &#8211; $390 million and capital expenditure of $145 million.
TreeHouse anticipates second-quarter net sales of $770 million &#8211; $800 million, <a href="https://www.benzinga.com/calendars/guidance">down approximately 2% at the midpoint and versus the consensus of $796.24 million.</a>
Price Action: THS shares are trading lower by 8.27% at $34.18 at&nbsp;the last check Monday.

Equities

Guidance

General

Why Food Processing Firm TreeHouse Foods Shares Are Diving Today

WIIM

Treehouse Foods shares are trading lower after the company reported mixed Q1 financial results including a net sales decline.

U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&amp;P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022. The <a href="https://www.benzinga.com/markets/equities/24/05/38563545/powell-keeps-hawks-at-bay-says-interest-rate-hike-unlikely-stocks-gold-rally-while-treasury-yiel" target="_blank" rel="noreferrer noopener">possibility of rate cuts</a> has re-emerged, making this week&#8217;s flurry of Fed speeches potentially market-moving events. Analysts are confident the upward momentum will continue after a slow April, with the typical strength seen in election years (over the next three months) likely aiding the rally.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.28%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.31%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.29%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.76%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a>&nbsp;trading on Monday, the&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) climbed 0.31% to $512.87,&nbsp;and the&nbsp;Invesco QQQ ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) jumped 0.27% to $436.65, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Previous Session&nbsp;
A dovish Federal Reserve message, benign economic data, and positive earnings reports fueled the market rally for a second consecutive week. All three major indices closed the week ending May 3 firmly in positive territory. While Fed Chair&nbsp;Jerome Powell&nbsp;didn&#8217;t provide a specific timeline for rate cuts, he reassured investors by clarifying that hikes are not on the immediate horizon. Big tech companies like&nbsp;Apple, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Amazon, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) met analyst expectations with their earnings reports.
The Institute for Supply Management&#8217;s service sector reading fell sharply and dipped into contraction territory. However, the monthly non-farm payrolls report offered mixed signals: lower-than-expected job growth in April, a slight increase in the unemployment rate, and slower-than-expected wage growth.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Weekly Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.43%</td>
<td>16,156.33</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.55%</td>
<td>5,127.79</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.14%</td>
<td>38,675.68</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.68%</td>
<td>2,035.72</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts: 
An analyst highlighted data that increases the confidence in the current market rally. Carson Group&#8217;s Ryan Detrick said the current bull market was still quite young. As opposed to the average duration of 60 months for the past 12 bull markets, the current one is less than 19 months old, he said. On a more positive note, if the bull market starts in October, its average is even a litter bit longer, he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This bull market is still quite young, at less than 19 mos old. Looking at the past 12 bull markets showed the avg is just over 60 mos. But 5 of the past 12 started in October (like this one). When they start in October? They last even a little bit longer. <a href="https://t.co/sjck6Ghr61">pic.twitter.com/sjck6Ghr61</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1787307821790368252?ref_src=twsrc%5Etfw">May 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data: 
A slew of Fed speeches are scheduled for the unfolding week, while the jobless claims data, the University of Michigan&#8217;s preliminary consumer sentiment index for May, the Fed&#8217;s outstanding consumer credit report for March, and the monthly federal budget for April may also attract some attention.
On Monday, the Treasury will auction three- and six-month notes at 11:30 a.m. EDT.
Richmond Fed President Thomas Barkin&nbsp;is scheduled to speak at 12:50 p.m. EDT. New York Fed President John Williams will speak at 1 p.m. EDT.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) shares rose about 4% <a href="https://benzinga.grsm.io/lxquj26b2sag">in premarket trading </a>after the New York Times reported that the media company will end its exclusive negotiations with Skydance Media without reaching a deal.</li>
<li>BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>), Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>), TreeHouse Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>), and Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting ahead of the market open.</a></li>
<li>Those reporting after the close include ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), J&amp;J Snack Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>), Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>)</li>
</ul>
Commodities, Bonds, and Global Equity Markets:
Crude oil futures sharply early Monday, trading a little under $79 a barrel. The commodity fell nearly 7% in the week ended May 3. Gold futures also gained ground.
Bond yields weakened further at the start of the new week, with the 10-year note yielding 4.473%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw an upward bounce and has tacked on about 2% over the past 24 hours. At last check, the apex crypto was approaching the $65,000 level.
Asian stocks rose across the board, as they latched onto the optimism regarding rising prospects of a U.S. Fed rate cut. The Chinese market witnessed standout gains after the policymakers said at last week&#8217;s Politburo meeting that they would step up support for the economy with prudent monetary and proactive fiscal policies.
The New Zealand market, however, bucked the trend and fell sharply on Monday. The Japanese and South Korean markets remained closed for public holidays.
Sentiment across the Atlantic was positive, with the major European averages firmer in early trading.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/05/38636014/will-earnings-cheer-continue-this-week-all-eyes-on-disney-palantir-robinhood-while-reddit-gears-up-">Will Earnings Cheer Continue This Week? All Eyes On Disney, Palantir, Robinhood While Reddit Gears Up For Debut Quarterly Report</a>
Photo generated using Midjourney

Futures

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Federal Reserve

Pre-Market Outlook

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Wall Street Looks To Extend Rally Amid Caution Over Fed Speeches, More Earnings: Why This Analyst Thinks Bull Market Is Still 'Quite Young'

TreeHouse Foods Sees Q2 Revenue Of $770M - $800M Vs. $796.24M Est.

TreeHouse Foods Sees FY24 Revenue Of $3.43B - $3.50B Vs. $3.45B Est.

Treehouse Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $(0.02) by 50 percent. This is a 104.41 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $820.70 million which beat the analyst consensus estimate of $797.18 million by 2.95 percent. This is a 8.28 percent decrease over sales of $894.80 million the same period last year.

Earnings Beats

Earnings Misses

Treehouse Foods Q1 Adj $(0.03) Misses $(0.02) Estimate, Sales $820.70M Beat $797.18M Estimate

Earnings reports and a dovish stance from the&nbsp;Federal Reserve&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38624536/federal-reserve-dismisses-rate-hike-fears-labor-market-cools-apple-lures-investors-" rel="noreferrer noopener">lifted stocks last week</a>. Major indices reacted positively, particularly to earnings from high-profile companies that hold significant weight in the indexes.
Tech Giants Lead Charge: Apple, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Amazon, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) were top performers. Apple impressed investors with a record $110 billion stock buyback plan and better-than-expected guidance for the June quarter.
According to <a href="https://insight.factset.com/sp-500-earnings-season-update-may-3-2024?utm_source=Direct&amp;utm_medium=Email&amp;utm_campaign=FO-05-03-2024&amp;utm_content=httpsinsightfactsetcomsp500earningsseasonupdatemay32024" target="_blank" rel="noreferrer noopener">FactSet</a>, a financial data analytics firm, 80% of S&amp;P 500 companies have reported earnings so far. These reports have shown a higher-than-average percentage of companies exceeding earnings expectations and by a larger margin than usual.
FactSet estimates that S&amp;P 500 companies&#8217; blended year-over-year earnings growth is currently at 5%, up from 3.5% the prior week. This is the highest growth rate since Q2 2022.
Eight out of eleven S&amp;P 500 sectors are experiencing earnings growth. Communication services, utilities, consumer discretionary, and IT are leading the pack, while energy, healthcare, and materials are lagging behind.
See Also:<a target="_blank" href="https://www.benzinga.com/money/best-consumer-discretionary-stocks" rel="noreferrer noopener">&nbsp;Best Consumer Discretionary Stocks</a>
Looking Ahead:&nbsp;This week will see earnings reports from 56 S&amp;P 500 companies, including one from the Dow Jones Industrial Average. Investors will be watching earnings from restaurants, electric vehicle companies, media and entertainment companies, biotech companies, and tech companies.&nbsp;Walt Disney Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) is expected to be a key focus due to its consumer exposure, while&nbsp;Reddit, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) will be releasing its&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37876921/reddit-stock-opens-for-trading-at-47-everything-you-need-to-know" rel="noreferrer noopener">first-ever quarterly report</a>&nbsp;as a public company.
Notable among the companies reporting earnings are: 
Monday 
<ul>
<li>Before the bell: BioNTech SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>), Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>), TreeHouse Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) and Tyson Foods, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>).</li>
<li>After the close: ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), Fidelity National Information Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>), FMC Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMC#NYSE">FMC</a>), J&amp;J Snack Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JJSF#NASDAQ">JJSF</a>), Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), The Williams Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMB#NYSE">WMB</a>), Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>)</li>
</ul>
Tuesday 
<ul>
<li>Before the bell: BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>), Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>), Datadog, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>), Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>), Rockwell Automation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROK#NYSE">ROK</a>), UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>), Disney and WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>)</li>
<li>After the close: Arista Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), iRobot Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IRBT#NASDAQ">IRBT</a>), Luminar Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>), Match Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>), Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), Reddit, Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>)</li>
</ul>
Wednesday 
<ul>
<li>Before the bell: Anheuser-Busch InBev SA/NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>), Choice Hotels International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHH#NYSE">CHH</a>), The New York Times Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYT#NYSE">NYT</a>), Taboola.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>), Sunoco LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUN#NYSE">SUN</a>), Teva Pharmaceutical Industries Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>)</li>
<li>After the close: Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>), Beyond Meat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYND#NASDAQ">BYND</a>), Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>), Cheesecake Factory Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>), Exact Sciences Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXAS#NASDAQ">EXAS</a>), HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>), News Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWSA#NASDAQ">NWSA</a>), Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>)</li>
</ul>
Thursday 
<ul>
<li>Before the bell: Canadian Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSIQ#NASDAQ">CSIQ</a>), Cars.com Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARS#NYSE">CARS</a>), Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>), Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>), Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>), Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>), Roblox Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Six Flags Entertainment Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIX#NYSE">SIX</a>), Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>), US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>)</li>
<li>After the close: Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>), Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), Lions Gate Entertainment Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LGF#NYSE">LGF</a>), Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>), Rackspace Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RXT#NASDAQ">RXT</a>), Synaptics Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>), Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>)</li>
</ul>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the performance of the broader S&amp;P 500 Index, ended Friday&#8217;s session up 1.24% at $511.29, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>The ETF has pulled back from its all-time high (intraday) of $524.61 hit on March 28. The Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), an ETF levered more to high-profile, non-financial tech stocks, rose 2% to $435.43.
Read Next: <a href="https://www.benzinga.com/news/24/05/38630719/warren-buffett-fears-the-ai-genie-thats-part-out-of-the-bottle-but-agrees-it-has-potential-to-do-goo">Warren Buffett Fears The &#8216;AI Genie&#8217; That&#8217;s &#8216;Part Out Of The Bottle&#8217; But Agrees It Has Potential To Do Good: &#8216;Don&#8217;t Know How That Plays Out&#8217;</a>
Image via Shutterstock

Previews

Media

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BYND

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IRBT

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Will Earnings Cheer Continue This Week? All Eyes On Disney, Palantir, Robinhood While Reddit Gears Up For Debut Quarterly Report

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &quot;Extreme Greed&quot; zone on Friday.
U.S. stocks closed lower on Friday, with the Dow Jones index falling more than 100 points during the session.
All three major indices recorded losses last week, ending their five-week winning streaks. The S&amp;P 500 fell by 0.42%, while the Dow lost 0.11% during the week.
On the economic data front, U.S. producer prices for final demand rose 0.3% month-over-month in January, recording the biggest rise in five months, compared to a 0.1% fall in the previous month. However, analysts were expecting a 0.1% increase in producer prices. The University of Michigan consumer sentiment rose to a reading of 79.6 in February from 79 in January.
The 10-year Treasury yield rose above the 4.3% level following the release of PPI data.
Shares of TreeHouse Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ths#NYSE">THS</a>) fell more than 15% on Friday after the company reported worse-than-expected fourth-quarter revenue results and issued an FY24 outlook below estimates. The Trade Desk, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttd#NASDAQ">TTD</a>) shares climbed over 17% after the company reported mixed fourth-quarter financial results.
Most sectors on the S&amp;P 500 closed on a negative note, with communication services, real estate and information technology stocks recording the biggest losses on Friday. However, materials and healthcare stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 145 points to 38,627.99 on Friday. The S&amp;P 500 fell 0.48% at 5,005.57, while the Nasdaq Composite fell 0.82% at 15,775.65 during Friday&rsquo;s session.
Investors are awaiting earnings results from Fluor Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/flr#NYSE">FLR</a>), The Home Depot, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hd#NYSE">HD</a>), Palo Alto Networks, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/panw#NYSE">PANW</a>) and Walmart Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wmt#NYSE">WMT</a>) today.
At a current reading of 77.3, the index remained in the &quot;Extreme Greed&quot; zone on Friday, versus a prior reading of 79.1.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
&nbsp;
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37176760/top-4-tech-and-telecom-stocks-that-may-rocket-higher-in-february"> Top 4 Tech And Telecom Stocks That May Rocket Higher in February </a>

Small Cap

PANW

Investor Sentiment Falls Following PPI Data; US Stocks Snap 5-Week Win Streak

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling around 0.5% on Friday.
The Dow traded down 0.24% to 38,681.46 while the NASDAQ fell 0.56% to 15,816.84. The S&amp;P 500 also fell, dropping, 0.27% to 5,016.06.
Check This Out: <a href="https://www.benzinga.com/news/24/02/37177594/amazon-royal-caribbean-cruises-and-2-other-stocks-insiders-are-selling"> Amazon, Royal Caribbean Cruises And 2 Other Stocks Insiders Are Selling</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Materials shares rose by 0.8% on Friday.
In trading on Friday, communication services shares fell by 1.4%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Shares of TreeHouse Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ths#NYSE">THS</a>) fell around 16% on Friday after the company reported worse-than-expected fourth-quarter revenue results and issued FY24 outlook below estimates.
The company reported fourth-quarter adjusted EPS of 77 cents, beating the analyst consensus of 73 cents. Quarterly net sales of $910.8 million missed the consensus of $925.44 million.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
The Trade Desk, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttd#NASDAQ">TTD</a>) shares shot up 17% to $88.65 after the company reported mixed fourth-quarter financial results.
Shares of PRA Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/praa#NASDAQ">PRAA</a>) got a boost, surging 13% to $27.66 following upbeat results.
Fusion Fuel Green PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htoo#NASDAQ">HTOO</a>) shares were also up, gaining 108% to $2.4999. The company said it had received notification from the European Commission that its HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest (&ldquo;IPCEI&rdquo;) Hy2Infra program.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
China Natural Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chnr#NASDAQ">CHNR</a>) shares dropped 49% to $1.77. China Natural Resources announced a registered direct placement of $3.27 million of 1,487,870 common shares and private placement warrants at a price of $2.20 per unit.
Shares of Bloom Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/be#NYSE">BE</a>) were down 20% to $9.63 after the company reported worse-than-expected fourth-quarter financial results.
Cooper-Standard Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cps#NYSE">CPS</a>) was down, falling 28% to $13.92 following weak quarterly results.
Also Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37176760/top-4-tech-and-telecom-stocks-that-may-rocket-higher-in-february"> Top 4 Tech And Telecom Stocks That May Rocket Higher in February</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 1.4% to $79.15 while gold traded up 0.4% at $2,023.10.
Silver traded up 2.2% to $23.465 on Friday while copper rose 1.7% to $3.8235.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares closed higher today. The eurozone&rsquo;s STOXX 600 gained 0.62%, London&rsquo;s FTSE 100 rose 1.5% while Spain&rsquo;s IBEX 35 Index fell 0.41% The German DAX rose 0.42% French CAC 40 rose 0.32% while Italy&rsquo;s FTSE MIB Index rose 0.12%.
The annual inflation rate in France eased to 3.1% in January from 3.7% in the prior month, whiel German wholesale prices declined by 2.7% year-over-year in January. Retail sales volumes in the UK rose by 3.4% month-over-month in January.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed higher on Friday, with Japan&rsquo;s Nikkei 225 gaining 0.86%, Hong Kong&rsquo;s Hang Seng Index rising 2.48% and India&rsquo;s S&amp;P BSE Sensex gaining 0.6%.
Singapore&#39;s non-oil domestic exports jumped 16.8% year-over-year in January, topping market estimates of a 5.4% rise.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. producer prices for final demand rose 0.3% month-over-month in January, recording the biggest rise in five months, compared to a 0.1% fall in the previous month. However, analysts were expecting a 0.1% increase in producer prices.
U.S. building permits fell by 1.5% to an annual rate of 1.470 million in January.
Housing starts in the U.S. dipped 14.8% month-over-month to an annual rate of 1.331 million in January.
The University of Michigan consumer sentiment rose to a reading of 79.6 in February from 79 in January.
Now Read This: <a href="https://www.benzinga.com/news/24/02/37177466/wall-streets-most-accurate-analysts-say-hold-these-3-tech-stocks-with-over-3-dividend-yields"> Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Tech Stocks With Over 3% Dividend Yields</a>
&nbsp;

Penny Stocks

Global

CHNR

HTOO

PRAA

Crude Oil Gains Over 1%; Cooper-Standard Shares Plummet

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling over 50 points on Friday.
The Dow traded down 0.10% to 38,736.15 while the NASDAQ fell 0.34% to 15,852.87. The S&amp;P 500 also fell, dropping, 0.09% to 5,025.26.
Check This Out: <a href="https://www.benzinga.com/news/24/02/37177594/amazon-royal-caribbean-cruises-and-2-other-stocks-insiders-are-selling"> Amazon, Royal Caribbean Cruises And 2 Other Stocks Insiders Are Selling</a>
&nbsp;
<h3>Leading and Lagging Sectors</h3>
&nbsp;
Materials shares rose by 0.8% on Friday.
In trading on Friday, communication services shares fell by 1.6%.
&nbsp;
<h3>Top Headline</h3>
&nbsp;
Shares of TreeHouse Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ths#NYSE">THS</a>) fell around 14% on Friday after the company reported worse-than-expected fourth-quarter revenue results and issued FY24 outlook below estimates.
The company reported fourth-quarter adjusted EPS of 77 cents, beating the analyst consensus of 73 cents. Quarterly net sales of $910.8 million missed the consensus of $925.44 million.
&nbsp;
<h3>Equities Trading UP</h3>
&nbsp;
The Trade Desk, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttd#NASDAQ">TTD</a>) shares shot up 16% to $87.56 after the company reported mixed fourth-quarter financial results.
Shares of PRA Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/praa#NASDAQ">PRAA</a>) got a boost, surging 19% to $29.15 following upbeat results.
Fusion Fuel Green PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htoo#NASDAQ">HTOO</a>) shares were also up, gaining 131% to $2.76. The company said it had received notification from the European Commission that its HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest (&ldquo;IPCEI&rdquo;) Hy2Infra program.
&nbsp;
<h3>Equities Trading DOWN</h3>
&nbsp;
China Natural Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chnr#NASDAQ">CHNR</a>) shares dropped 49% to $1.78. China Natural Resources announced a registered direct placement of $3.27 million of 1,487,870 common shares and private placement warrants at a price of $2.20 per unit.
Shares of Bloom Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/be#NYSE">BE</a>) were down 21% to $9.09 after the company reported worse-than-expected fourth-quarter financial results.
Cooper-Standard Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cps#NYSE">CPS</a>) was down, falling 25% to $14.33 following weak quarterly results.
Also Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37176760/top-4-tech-and-telecom-stocks-that-may-rocket-higher-in-february"> Top 4 Tech And Telecom Stocks That May Rocket Higher in February</a>
&nbsp;
<h3>Commodities</h3>
&nbsp;
In commodity news, oil traded up 0.3% to $78.25 while gold traded up 0.1% at $2,016.90.
Silver traded up 0.9% to $23.165 on Friday while copper rose 2.1% to $3.8365.
&nbsp;
<h3>Euro zone</h3>
&nbsp;
European shares were higher today. The eurozone&rsquo;s STOXX 600 gained 0.52%, London&rsquo;s FTSE 100 rose 1.49% while Spain&rsquo;s IBEX 35 Index fell 0.50% The German DAX rose 0.24% French CAC 40 rose 0.37% while Italy&rsquo;s FTSE MIB Index rose 0.28%.
The annual inflation rate in France eased to 3.1% in January from 3.7% in the prior month, whiel German wholesale prices declined by 2.7% year-over-year in January. Retail sales volumes in the UK rose by 3.4% month-over-month in January.
&nbsp;
<h3>Asia Pacific Markets</h3>
&nbsp;
Asian markets closed higher on Friday, with Japan&rsquo;s Nikkei 225 gaining 0.86%, Hong Kong&rsquo;s Hang Seng Index rising 2.48% and India&rsquo;s S&amp;P BSE Sensex gaining 0.6%.
Singapore&#39;s non-oil domestic exports jumped 16.8% year-over-year in January, topping market estimates of a 5.4% rise.
&nbsp;
<h3>Economics</h3>
&nbsp;
U.S. producer prices for final demand rose 0.3% month-over-month in January, recording the biggest rise in five months, compared to a 0.1% fall in the previous month. However, analysts were expecting a 0.1% increase in producer prices.
U.S. building permits fell by 1.5% to an annual rate of 1.470 million in January.
Housing starts in the U.S. dipped 14.8% month-over-month to an annual rate of 1.331 million in January.
The University of Michigan consumer sentiment rose to a reading of 79.6 in February from 79 in January.
Now Read This: <a href="https://www.benzinga.com/news/24/02/37177466/wall-streets-most-accurate-analysts-say-hold-these-3-tech-stocks-with-over-3-dividend-yields"> Wall Street&#39;s Most Accurate Analysts Say Hold These 3 Tech Stocks With Over 3% Dividend Yields</a>
&nbsp;

Nasdaq Down 50 Points; TreeHouse Foods Shares Tumble After Q4 Results

Shares of DoorDash, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dash#NASDAQ">DASH</a>) fell sharply in today&rsquo;s session as the company reported mixed <a href="https://www.benzinga.com/news/earnings/24/02/37169850/doordash-q4-earnings-revenue-beat-eps-miss-total-orders-up-23-and-more">financial results for its fourth quarter.</a>
The company said it expects first-quarter marketplace GOV to be between $18.5 billion and $18.9 billion and adjusted EBITDA in the range of $320 million to $380 million.
DoorDash shares dipped 12.2% to $110.88 on Friday.
Here are some other stocks moving in today&#39;s mid-day session.
<h3>Gainers</h3>
<ul>
<li>Gaxos.ai Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gxai#NASDAQ">GXAI</a>) gained 444% to $1.41. Gaxos Gaming announced plans to launch an AI solution for game developers and studios.</li>
<li>Fusion Fuel Green PLC (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/htoo#NASDAQ">HTOO</a>) shares gained 157% to $3.10. The company said it had received notification from the European Commission that its HEVO-Portugal project was among 33 selected for approval under the Important Projects of Common European Interest (&ldquo;IPCEI&rdquo;) Hy2Infra program.</li>
<li>Pop Culture Group Co., Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cpop#NASDAQ">CPOP</a>) shares jumped 203% to $3.89.</li>
<li>Ambow Education Holding Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ambo#NYSE">AMBO</a>) shares jumped 164% to $0.3649 after surging more than 15% on Thursday.</li>
<li>Tarena International, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tctm#NASDAQ">TCTM</a>) climbed 93% to $2.1191 after gaining around 12% on Thursday.</li>
<li>MicroCloud Hologram Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/holo#NASDAQ">HOLO</a>) gained 48% to $45.90.</li>
<li>Yunji Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yj#NASDAQ">YJ</a>) gained 43.5% to $0.8666. Yunji announced appointment of new independent director.</li>
<li>Oriental Culture Holding LTD (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocg#NASDAQ">OCG</a>) jumped 30% to $1.8982.</li>
<li>Boqii Holding Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bq#NYSE">BQ</a>) shares rose 24.2% to $0.3601 after falling around 5% on Thursday.</li>
<li>PRA Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/praa#NASDAQ">PRAA</a>) gained 23.4% to $30.25 following upbeat results.</li>
<li>The Trade Desk, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ttd#NASDAQ">TTD</a>) shares rose 21% to $91.66 after the company reported mixed fourth-quarter financial results.</li>
<li>Nano-X Imaging Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nnox#NASDAQ">NNOX</a>) gained 19% to $11.31. Nvidia recently reported a 59,632 share stake in the company.</li>
<li>Intuitive Machines, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lunr#NASDAQ">LUNR</a>) surged 19% to $7.97. Intuitive Machines announced that its IM-1 mission Nova-C class lunar lander has successfully launched on SpaceX&#39;s Falcon 9 rocket.</li>
<li>NOVONIX Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nvx#NYSE">NVX</a>) gained 18.8% to $2.2339.</li>
<li>Backblaze, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/blze#NASDAQ">BLZE</a>) gained 17.2% to $9.55 after the company reported better-than-expected fourth-quarter financial results and issued full year 2024 revenue guidance above estimates.</li>
<li>Toast, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tost#NYSE">TOST</a>) jumped 16.6% to $22.39 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter adjusted subscription services and financial technology solutions guidance. Also the company authorized a $250 million share repurchase program.</li>
<li>Coinbase Global, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>) shares rose 15.8% to $191.79 as the company reported better-than-expected financial results for its fourth quarter on Thursday.</li>
<li>Lichen China Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/licn#NASDAQ">LICN</a>) shares rose 13.7% to $1.3299. Lichen China filed for mixed shelf of up to $100 million.</li>
<li>Kinsale Capital Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/knsl#NYSE">KNSL</a>) gained 13.1% to $495.00 following upbeat quarterly results.</li>
<li>Texas Roadhouse, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>) jumped 10% to $147.30 after the company reported better-than-expected fourth-quarter GAAP EPS results. Also, Wedbush and Stephens &amp; Co raised their respective price targets on the stock.</li>
<li>HireRight Holdings Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrt#NYSE">HRT</a>) rose 9.8% to $14.12 as the company agreed to be acquired by General Atlantic and Stone Point Capital.</li>
<li>Applied Materials, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amat#NASDAQ">AMAT</a>) gained 8.3% to $203.27 after the company reported better-than-expected first-quarter financial results and issued second-quarter guidance.</li>
<li>Tantech Holdings Ltd (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tanh#NASDAQ">TANH</a>) shares surged 8.1% to $0.94 after jumping 16% on Thursday.</li>
<li>Sarepta Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/srpt#NASDAQ">SRPT</a>) climbed 7.9% to $134.73 after the FDA accepted and filed the company&#39;s efficacy supplement to the Biologics License Application for ELEVIDYS.</li>
<li>Artivion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aort#NASDAQ">AORT</a>) rose 4.1% to $18.78 following strong quarterly results.</li>
</ul>
<h3>Losers</h3>
<ul>
<li>China Natural Resources, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chnr#NASDAQ">CHNR</a>) dipped 48% to $1.81 after the company arranged a registered direct placement of approximately $3.27 million worth of common shares at $2.20 per share with institutional investors.</li>
<li>JX Luxventure Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jxjt#NASDAQ">JXJT</a>) declined 28% to $1.9850.</li>
<li>Semper Paratus Acquisition Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tvgn#NASDAQ">TVGN</a>) shares fell 25.1% to $7.49 after surging 119% on Thursday. Tevogen Bio announced a $8 million equity investment.</li>
<li>Bloom Energy Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/be#NYSE">BE</a>) shares fell 24% to $7.49 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>Cooper-Standard Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cps#NYSE">CPS</a>) fell 24% to $14.60 following weak quarterly results.</li>
<li>Dunxin Financial Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dxf#NYSE">DXF</a>) fell 24% to $0.3650.</li>
<li>Roku, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>) shares fell 22.7% to $73.08 after the company reported fourth-quarter financial results.</li>
<li>MultiSensor AI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msai#NASDAQ">MSAI</a>) shares fell 21.7% to $2.75 after jumping over 68% on Thursday.</li>
<li>Trupanion, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/trup#NASDAQ">TRUP</a>) fell 19.5% to $28.41 following fourth-quarter results.</li>
<li>Dropbox, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dbx#NASDAQ">DBX</a>) shares fell 17.8% to $26.74 after reporting fourth-quarter results.</li>
<li>Datasea Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dtss#NASDAQ">DTSS</a>) fell 17.1% to $8.14 after ending yesterday&rsquo;s run on the bourses with over 9% gain.</li>
<li>Inventiva S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iva#NASDAQ">IVA</a>) shares tumbled 17% to $3.30 after the company reported preliminary 2023 fiscal year financial results and issued an update on its clinical trial NATiV3.</li>
<li>MultiSensor AI Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msai#NASDAQ">MSAI</a>) fell 14.8% to $2.99.</li>
<li>AMN Healthcare Services, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amn#NYSE">AMN</a>) fell 14.7% to $66.21 after the company reported fourth-quarter financial results and issued first-quarter revenue guidance below estimates.</li>
<li>Iris Energy Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/iren#NASDAQ">IREN</a>) fell 14% to $6.66 following second-quarter results.</li>
<li>Auddia Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/auud#NASDAQ">AUUD</a>) dipped 13.4% to $0.1982.</li>
<li>TreeHouse Foods, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ths#NYSE">THS</a>) fell 13% to $37.18 after the company reported worse-than-expected fourth-quarter revenue results and issued FY24 guidance below estimates.</li>
<li>Yelp Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/yelp#NYSE">YELP</a>) dipped 11% to $39.50 after the company reported mixed fourth-quarter financial results. Yelp also announced its board of directors authorized a $500 million increase to its share repurchase program.</li>
<li>Telephone and Data Systems, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tds#NYSE">TDS</a>) fell 10.7% to $16.46 following quarterly results.</li>
<li>Carvana Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cvna#NYSE">CVNA</a>) fell 8.3% to $52.79. Raymond James analyst Mitch Ingles downgraded Carvana from Market Perform to Underperform.</li>
<li>Mercer International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/merc#NASDAQ">MERC</a>) dipped 7.8% to $7.19 following weak results.</li>
<li>Westrock Coffee Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/west#NASDAQ">WEST</a>) fell 7.7% to $10.27 after the company issued an update on preliminary 2023 full year results.</li>
<li>United States Cellular Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/usm#NYSE">USM</a>) dipped 6.9% to $38.83 after the company reported fourth-quarter financial results and issued FY24 guidance.</li>
<li>SunPower Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spwr#NASDAQ">SPWR</a>) fell 6.2% to $4.0150. Guggenheim analyst Joseph Osha downgraded SunPower from Neutral to Sell and announced a $1 price target.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/37174725/how-to-earn-500-a-month-from-stepan-stock-ahead-of-q4-earnings-results"> How To Earn $500 A Month From Stepan Stock Ahead Of Q4 Earnings Results</a>

AMAT

AMBO

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CVNA

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Why DoorDash Shares Are Trading Lower By Around 12%? Here Are Other Stocks Moving In Friday's Mid-Day Session

TreeHouse Foods, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) shares are trading lower after the company reported mixed fourth-quarter results and<a target="_blank" href="https://www.benzinga.com/pressreleases/24/02/n37176777/treehouse-foods-inc-reports-fourth-quarter-and-full-year-2023-results" rel="noreferrer noopener">&nbsp;issued FY24 outlook below estimates.</a>
The company reported fourth-quarter adjusted EPS of 77 cents, beating the analyst consensus of 73 cents. Quarterly net sales of $910.8 million&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missed the consensus of $925.44 million.</a>
The net sales decreased by 4.8%, primarily driven by volume/mix in the retail business, which was impacted by its previously disclosed supply chain disruption at one of the broth facilities and in its pretzels and cookies categories.
Adjusted EBITDA from continuing operations was $108.4 million in the fourth quarter of 2023, compared to $118.5 million in the year-ago period.
Gross profit as a percentage of net sales was 16.7% in the quarter under review, lower than 18.3% in the year-ago period. The decrease primarily stemmed from supply chain disruption, combined with unfavorable fixed cost absorption, increased labor and manufacturing plant maintenance costs, and an unfavorable category mix.
During the fourth quarter of 2023, the company repurchased approximately 1.2 million shares of common stock for a total of $50.0 million, excluding excise tax.
Outlook: TreeHouse Foods expects FY24 revenues to be $3.43 billion-$3.50 billion versus $3.56 billion estimate. The company expects first-quarter net sales of $780 million-$810 million versus the $887.38 million estimate.
The company estimates FY24 net sales and adjusted EBITDA impact of roughly $60 million and $20 million, respectively, owing to ongoing efforts to restart one of the broth facilities.
Price Action: THS shares are trading lower by 9.9% to $38.50 premarket on the last check Friday.

Why TreeHouse Foods Shares Are Slumping Friday

Treehouse Foods shares are trading lower after the company reported worse-than-expected Q4 revenue results and issued FY24 guidance below estimates.

Treehouse Foods Estimates FY24 Net Sales And Adjusted EBITDA Impact Of Roughly $60M & $20M, Respectively, Owing To Ongoing Efforts To Restart One Of Broth Facilities

In a report released today, Andrew Lazar from Barclays assigned a Hold rating to TreeHouse Foods (THS – Research Report), with a price target of $3...

TreeHouse Foods (THS) Receives a Hold from Barclays

TreeHouse Foods reports mixed Q1 results; reaffirms FY24 outlook

TreeHouse Foods, Inc. 2024 Q1 - Results - Earnings Call Presentation

TreeHouse Foods swings to a loss as lower volumes and pricing weighs on profits

Lifeway Foods and SNDL among Consumer Staples movers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Treehouse Foods (NYSE:<a href="https://investorplace.com/stock-quotes/ths-stock-quote/">THS</a>) just reported results for the first quarter of 2024.<ul><li>Treehouse Foods reported earnings per share of -3 cents. This was below the analyst estimate for EPS of -2 cents.</li><li>The company reported revenue of $820.70 million.</li><li>This was 2.95% better than the analyst estimate for revenue of $797.18 million.</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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						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
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									</ul><div>
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	The post <a href="https://investorplace.com/earning-results/2024/05/ths-stock-earnings-treehouse-foods-for-q1-of-2024/">THS Stock Earnings: Treehouse Foods Misses EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

THS Stock Earnings: Treehouse Foods Misses EPS, Beats Revenue for Q1 2024