U&I Financial Stock (OTC:UNIF), Trade Ideas

U&I Financial Corp is a bank holding company based in United States. The company, through its subsidiary, offers services of a community bank. The bank's operations include commercial banking services, such as lending activities, deposit products, and other cash management services.

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Adtalem Global Education Inc. Common Stock

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GLOBALIVE TECH INC by Globalive Technology Inc.

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ICC INTL CANNABIS CORP by ICC Intl Cannabis Corp.

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Stocks That Hit 52-Week Lows On Wednesday

U&I FINANCIAL CORP by U & I Financial Corp

U&I Financial Corp

UniFirst Corp

Unifi Inc

CHINA SENIOR LIV IND INT by China Senior Living Industry International Holding Corporation

Unified Global Corp

Unified Series Trust OneAscent Core Plus Bond ETF

Unified Series Trust OneAscent Emerging Markets ETF

Unified Series Trust OneAscent International Equity ETF

Unified Series Trust OneAscent Large Cap Core ETF

UNIFIEDPOST GRP UNSP/ADR by Unifiedpost Group S. A.

Unifiedpost Group SA

Unifoil Holdings, Inc

Unifty

Unifund Financial Technologies Inc

<h3>Gainers</h3>
<ul>
<li>Biodexa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) stock rose 61.4% to $1.17 during Friday's regular session. The company's market cap stands at $5.1 million. </li>
<li>Agenus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGEN#NASDAQ">AGEN</a>) shares rose 32.53% to $11.0. The market value of their outstanding shares is at $230.4 million. </li>
<li>Sunshine Biopharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) shares increased by 31.18% to $1.06. The company's market cap stands at $1.0 million. </li>
<li>Cullinan Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) stock moved upwards by 30.85% to $25.19. The company's market cap stands at $1.0 billion. </li>
<li>ImmunityBio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBRX#NASDAQ">IBRX</a>) shares rose 27.2% to $6.5. The market value of their outstanding shares is at $4.4 billion. </li>
<li>Zura Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZURA#NASDAQ">ZURA</a>) shares increased by 25.69% to $4.55. The market value of their outstanding shares is at $283.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Nuwellis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) shares decreased by 39.5% to $0.17 during Friday's regular session. The market value of their outstanding shares is at $1.1 million. </li>
<li>IMAC Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BACK#NASDAQ">BACK</a>) shares fell 21.57% to $4.0. The market value of their outstanding shares is at $4.5 million. </li>
<li>NKGen Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKGN#NASDAQ">NKGN</a>) stock fell 16.42% to $1.66. The company's market cap stands at $37.7 million. </li>
<li>Aclarion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>) stock fell 16.0% to $0.33. The market value of their outstanding shares is at $2.3 million. </li>
<li>Accolade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) shares declined by 14.86% to $7.83. The company's market cap stands at $605.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>X4 Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XFOR#NASDAQ">XFOR</a>) stock declined by 14.4% to $0.97. The market value of their outstanding shares is at $162.4 million. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Health Care Stocks Moving In Friday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Branchout Food (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) stock rose 34.9% to $2.65 during Friday's regular session. The company's market cap stands at $10.6 million. </li>
<li>Nuzee (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUZE#NASDAQ">NUZE</a>) stock increased by 15.57% to $1.41. The market value of their outstanding shares is at $1.8 million. </li>
<li>Smart for Life (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) shares rose 12.85% to $3.95. </li>
<li>Oatly Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLY#NASDAQ">OTLY</a>) shares rose 12.63% to $0.98. The company's market cap stands at $583.0 million. </li>
<li>The Real Good Food (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGF#NASDAQ">RGF</a>) stock moved upwards by 12.2% to $0.26. The company's market cap stands at $5.0 million. </li>
<li>BBB Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TBBB#NYSE">TBBB</a>) shares increased by 11.99% to $23.07. The company's market cap stands at $2.5 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Edible Garden AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) shares declined by 13.0% to $5.41 during Friday's regular session. The company's market cap stands at $1.6 million. </li>
<li>Barfresh Food Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRFH#NASDAQ">BRFH</a>) shares declined by 12.64% to $1.59. The company's market cap stands at $23.0 million. </li>
<li>Vintage Wine Estates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VWE#NASDAQ">VWE</a>) stock decreased by 9.36% to $0.22. The market value of their outstanding shares is at $13.0 million. </li>
<li>Molson Coors Beverage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) stock fell 8.52% to $61.94. The company's market cap stands at $13.1 billion. </li>
<li>African Agriculture Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAGR#NASDAQ">AAGR</a>) shares decreased by 7.96% to $0.33. The market value of their outstanding shares is at $18.9 million. </li>
<li>Flora Growth (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLGC#NASDAQ">FLGC</a>) stock fell 7.8% to $1.42. The company's market cap stands at $15.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-defensive-stocks/" title="www.benzinga.com/money/best-consumer-defensive-stocks/">www.benzinga.com/money/best-consumer-defensive-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Vintage Wine Estates, Inc. - Common Stock

12 Consumer Staples Stocks Moving In Friday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Universal Logistics Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULH#NASDAQ">ULH</a>) shares rose 41.3% to $46.47 during Friday's regular session. The market value of their outstanding shares is at $1.2 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares moved upwards by 38.15% to $0.07. The company's market cap stands at $4.5 million. </li>
<li>Exponent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPO#NASDAQ">EXPO</a>) stock increased by 22.55% to $97.65. The market value of their outstanding shares is at $4.9 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Tutor Perini (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>) stock moved upwards by 21.45% to $16.87. The market value of their outstanding shares is at $882.0 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Intelligent Living (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILAG#NASDAQ">ILAG</a>) stock moved upwards by 17.22% to $0.66. The market value of their outstanding shares is at $11.9 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) shares increased by 15.7% to $9.65. The market value of their outstanding shares is at $436.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Safe &amp; Green Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) stock fell 28.1% to $0.16 during Friday's regular session. The market value of their outstanding shares is at $2.8 million. </li>
<li>Saia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) shares declined by 21.29% to $427.42. The company's market cap stands at $11.3 billion. The company's, Q1 earnings came out today. </li>
<li>iSun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISUN#NASDAQ">ISUN</a>) stock fell 14.2% to $0.15. The market value of their outstanding shares is at $7.0 million. </li>
<li>Montana Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRJ#NASDAQ">AIRJ</a>) shares decreased by 13.23% to $10.5. The market value of their outstanding shares is at $565.1 million. </li>
<li>Trinet Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) shares declined by 13.06% to $110.23. The company's market cap stands at $5.5 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) shares declined by 12.51% to $1.4. The company's market cap stands at $2.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Friday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>Focus Universal (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) stock increased by 36.0% to $0.38 during Friday's regular session. The market value of their outstanding shares is at $24.9 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) shares increased by 28.45% to $4.74. The market value of their outstanding shares is at $6.3 million. </li>
<li>Maxeon Solar Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) stock rose 19.38% to $2.12. The market value of their outstanding shares is at $112.1 million. </li>
<li>Rubicon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) stock rose 12.59% to $0.44. The company's market cap stands at $23.1 million. </li>
<li>Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) stock rose 12.47% to $3.23. The market value of their outstanding shares is at $818.9 million. </li>
<li>Mobix Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOBX#NASDAQ">MOBX</a>) stock rose 12.21% to $2.94. The market value of their outstanding shares is at $75.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>ReAlpha Tech Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) stock declined by 18.0% to $1.14 during Friday's regular session. The market value of their outstanding shares is at $50.3 million. </li>
<li>Atomera (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATOM#NASDAQ">ATOM</a>) stock decreased by 17.6% to $4.42. The company's market cap stands at $119.0 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock declined by 12.07% to $2.77. The company's market cap stands at $551.6 million. </li>
<li>Strong Global (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGE#AMEX">SGE</a>) shares fell 10.0% to $1.08. The company's market cap stands at $8.5 million. </li>
<li>BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) stock decreased by 9.97% to $2.62. The company's market cap stands at $29.1 million. </li>
<li>Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) stock fell 9.63% to $31.73. The company's market cap stands at $135.0 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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ATOM

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INTC

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

MOBX

12 Information Technology Stocks Moving In Friday's Intraday Session

Roth MKM analyst Harry Fong maintains Hartford Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIG#NYSE">HIG</a>) with a Neutral and raises the price target from $90 to $95.

Price Target

Analyst Ratings

Roth MKM Maintains Neutral on Hartford Finl Servs Gr, Raises Price Target to $95

Benchmark analyst Kurt Hallead reiterates Helmerich &amp; Payne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) with a Hold.

Reiteration

Benchmark Reiterates Hold on Helmerich & Payne

Marsh &amp; McLennan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) has outperformed the market over the past 15 years by 4.1% on an annualized basis producing an average annual return of 16.27%. Currently, Marsh &amp; McLennan has a market capitalization of $97.63 billion. 
Buying $1000 In MMC: If an investor had bought $1000 of MMC stock 15 years ago, it would be worth $9,877.87 today based on a price of $198.15 for MMC at the time of writing.
<h3>Marsh &amp; McLennan's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714149030_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Marsh & McLennan Stock In The Last 15 Years

Honeywell Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) has outperformed the market over the past 15 years by 1.04% on an annualized basis producing an average annual return of 13.2%. Currently, Honeywell Intl has a market capitalization of $125.54 billion. 
Buying $1000 In HON: If an investor had bought $1000 of HON stock 15 years ago, it would be worth $6,403.13 today based on a price of $192.79 for HON at the time of writing.
<h3>Honeywell Intl's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714149024_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $6,400 Today

International Business Machines Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>)&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">shares are trading lower on Friday.</a>
The software giant announced agreements with the Government of&nbsp;Canada and the Government of&nbsp;Quebec to develop further the assembly, testing, and packaging (ATP)&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38461358/ibm-government-of-canada-government-of-quebec-sign-agreements-to-strengthen-canadas-semiconductor-" rel="noreferrer noopener">capabilities for semiconductor modules.&nbsp;</a>
&#8220;Today&#8217;s announcement is a massive win for&nbsp;Canada&nbsp;and our dynamic tech sector,&#8221; said&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/justin-trudeau" rel="noreferrer noopener">Justin Trudeau</a>, Prime Minister of&nbsp;Canada.
The modules will&nbsp;be used&nbsp;across various applications, including telecommunications, high-performance computing, automotive, aerospace &amp; defense, computer networks, and generative AI, at IBM Canada&#8217;s plant in&nbsp;Bromont, Quebec.
The agreements reflect a combined investment valued at approximately&nbsp;C$187 million.
&#8220;It will create high-paying jobs, invest in innovation, strengthen supply chains, and help make sure the most advanced technologies are Canadian-made. Semiconductors power the world, and we&#8217;re putting&nbsp;Canada&nbsp;at the forefront of that opportunity,&#8221; Trudeau added.&nbsp;
IBM&nbsp;is set&nbsp;to conduct research and development aimed at enhancing packaging capabilities&nbsp;and devising&nbsp;scalable manufacturing methods,&nbsp;as well as&nbsp;other advanced assembly processes.&nbsp;
These efforts will bolster Canada&#8217;s position in the North American semiconductor supply chain&nbsp;and&nbsp;foster the expansion and solidification of the country&#8217;s expertise in advanced packaging.
&#8220;Advanced packaging is a crucial component of the semiconductor industry, and IBM Canada&#8217;s&nbsp;Bromont&nbsp;plant has led the world in this process for decades,&#8221; said&nbsp;Deb Pimentel, president of IBM Canada.&nbsp;
IBM recently reported first-quarter financial results where revenue increased 1% year-over-year to $14.46 billion, which missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $14.55 billion, according to&nbsp;<a target="_blank" href="https://benzinga.grsm.io/gxjhpowx7zks" rel="noreferrer noopener">Benzinga Pro</a>.
Price Action: IBM shares are trading lower by 1.44% to $166.51 at last check Friday.
Photo via Shutterstock

Equities

Tech

What's Going On With IBM Stock Amid Expansion In Canada?

Technology giant Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) reported third-quarter financial results that saw revenue and earnings per share <a href="https://www.benzinga.com/news/earnings/24/04/38444199/microsoft-q3-earnings-revenue-beat-eps-beat-new-era-of-ai-transformation-and-more">beat estimates from analysts.</a>
Analysts are praising the company's growth of artificial intelligence platforms.
The MSFT Analysts: 
<ul>
<li>Oppenheimer analyst Timothy Horan has an Outperform rating and price target of $450.</li>
<li>Raymond James analyst Andrew Marok has an Outperform rating and raises the price target from $450 to $480.</li>
<li>Goldman Sachs analyst Kash Rangan has a Buy rating and raises the price target from $450 to $515.</li>
<li>Morgan Stanley analyst Keith Weiss has an Overweight rating and price target of $520.</li>
<li>Wedbush analyst Daniel Ives has an Outperform rating and price target of $500.</li>
<li>Bank of America analyst Brad Sills has a Buy rating and price target of $480.</li>
<li>JPMorgan analyst Mark Murphy has an Overweight rating and raises the price target from $440 to $470.</li>
<li>BMO Capital analyst Keith Bachman has an Outperform rating and price target of $465.</li>
<li>KeyBanc analyst Jackson Ader has an Overweight rating and price target of $490.</li>
<li>Stifel analyst Brad Reback has a Buy rating and raises the price target from $455 to $475.</li>
<li>Truist analyst Joel Fishbein has a Buy rating and price target of $600.</li>
</ul>
Related Link: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38453639/another-picasso-like-performance-top-tech-analyst-praises-satya-nadella-says-micros">&#8216;Another Picasso-Like Performance:&#8217; Top Tech Analyst Praises Satya Nadella, Says Microsoft Is Top &#8216;AI Draft Pick&#8217; With 20% Rally In Store</a>
Oppenheimer on MSFT: Near-term demand for AI at Microsoft is ahead of capacity, Horan said.
The analyst said advantages for Microsoft are Azure, OpenAI and its strong network of users for Windows, Office, LinkedIn and Teams.
"The cloud industry is only 30% penetrated, growing 20% per year, and becoming increasingly concentrated, a critical productivity enhancer thanks to AI," Horan said. "Microsoft is especially well positioned for enterprise AI adoption to its large entrenched customer base and infrastructure."
Raymond James on MSFT: Momentum of Microsoft's Azure intensified in the third quarter, which was a key highlight for Marok.
"Azure continued to benefit from AI demand, which contributed to 7% of growth in the quarter and strength in Azure core, partially driven by acceleration in cloud migration and share gains," Marok said.
The analyst said guidance and gaming segment growth were stronger than expected.
"We continue to envision Microsoft as a leading beneficiary of GenAI, and expect its investment strategy to continue to pave the way for further share expansion across multiple business."
Goldman Sachs on MSFT: Durable top-line growth and margin stability were key highlights from the third-quarter results for Rangan.
"We see Microsoft offering a unique growth profile at their scale, with the ability to grow both top-line and EPS by double-digits in FY25," Rangan said.
The analyst said Microsoft is well-positioned to capture market share of Gen-AI revenue with its AI services and the build out of Azure.
Rangan said Azure could sustain 25% growth in fiscal year 2025 and sees the segment hitting $200 billion in revenue in fiscal year 2029.
Morgan Stanley on MSFT: Microsoft has an attractive risk/reward as a leading secular growth franchise, Weiss said in a new investor note.
"Commercial bookings and Azure both accelerating to 31% growth (constant currency) in Q3 provide the clearest evidence yet of Microsoft's leading position for AI driven direct revenues and increasing share of the broader IT budget," Weiss said.
Weiss said Microsoft is positioned to be the "clearest beneficiary of GenAI spend."
"With the AI innovation cycle just starting, we see plenty of runway for growth," the analyst said, adding that Microsoft could have Generative AI revenue of $67 billion to $117 billion by fiscal year 2029.
 Wedbush on MSFT: The third-quarter earnings report from Microsoft was "another drop the mic moment" for the company, Ives said.
In a play on the 2024 NFL Draft, which also happened Thursday, Ives said it was a "great night for #1 AI draft pick."
"With MSFT's results acting as a barometer for cloud/AI spending, the company delivered another hall of fame performance quarter of robust results with beats on the top and bottom line," Ives said.
The analyst said Microsoft is positioned to capitalize on the AI Revolution into fiscal year 2025 with more use cases for its artificial intelligence technologies. &nbsp;
Bank of America on MSFT: Cloud and AI were the key items that led to Azure upside for Microsoft in the third quarter, Sills said.
"We continue to view Microsoft as a key beneficiary of AI, consolidation, and cloud," Sills said.
The analyst said organic Azure AI offerings are gaining momentum including Azure AI and OpenAI services.
Sills said the strength of Azure is enough to drive total growth higher for Microsoft.
JPMorgan on MSFT: The inflection point of Azure has arrived, Murphy said after third-quarter results from Microsoft.
The analyst said commercial bookings growth for Microsoft were the strongest in six quarters.
"The strong upside surprise for Azure could suggest a resilient/better, though not perfect, infrasoftware spending environment," Murphy said.
The analyst said the results from Microsoft will be taken positively and could chip away at any key concerns investors have about the company.
"Overall, we think Microsoft continues to exhibit outstanding execution while simultaneously cementing its pole position as the AI leader and balancing profitability/growth trade-offs."
BMO on MSFT: The acceleration of Azure was the key highlight in the quarter for Bachman.
"MSFT's quarter was highlighted by Azure growth of 31% y/y, including 7 points from AI workloads, and a guide of 30% to 31% y/y growth, which we believe was a positive surprise vs. expectations," Bachman said.
Bachman called the revenue growth for Azure in the quarter "robust."
"MSFT has delivered upside to Azure growth in the past three quarters."
KeyBanc on MSFT: The Azure revenue beat was good in the third quarter and could have been even better, Ader said.
"Azure now joins the Oracle OCI camp with AI cloud demand outstripping what it can supply – holding in-period revenue growth back," Ader said.
The analyst said Office 365, which is another AI business, also showed signs of strength in the third quarter.
Highlights for Azure in the quarter included 65% of Fortune 500 companies using Azure AI and $100 million or more Azure contracts being up 80%, Ader said.
Stifel on MSFT: The third-quarter results were strong with revenue and earnings per share beats, Reback said.
"Results demonstrated Microsoft remains at the head of the AI-pack given its unique set of infrastructure/application assets that we expect to be a cashflow machine for years to come," Reback said.
Growth of Azure AI was a highlight for the analyst and non-AI Azure business also saw "greater-than-expected demand" in the quarter.
"Microsoft has refocused the company around Azure and Office 365, which we view as several large, multi-year secular growth engines that should help drive mid- to high-single digit Productivity and Business Process growth and low-double-digit Intelligent Cloud growth in coming years.
Truist on MSFT: Artificial intelligence powered the continued momentum for Microsoft in the third quarter, Fishbein said.
"We expect this durable growth in the segment cloud continue to drive upside to current expectations," Fishbein said.
The analyst said guidance from Microsoft could be conservative with multiple tailwinds and the ability to beat and raise with AI projects expanding. 
MSFT Price Action: Microsoft shares are up 2.4% to $408.87 at the time of publication Friday, versus a 52-week trading range of $292.73 to $430.82.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38456702/microsofts-azure-strength-could-rub-off-on-this-warren-buffett-backed-stock-and-ano">Microsoft&#8217;s Azure Strength Could Rub Off On This Warren Buffett-Backed Stock And Another Big Cloud Player, Says Analyst</a>
Photo: Shutterstock

Analyst Color

MSFT

Microsoft Q3 Shines Light On 'AI Innovation Cycle': Analysts See 'Plenty Of Runway For Growth'

Roth MKM analyst Suji Desilva maintains Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) with a Neutral and lowers the price target from $45 to $35.

Roth MKM Maintains Neutral on Intel, Lowers Price Target to $35

Benchmark analyst Christopher Kuhn reiterates Landstar System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTR#NASDAQ">LSTR</a>) with a Hold.

LSTR

Benchmark Reiterates Hold on Landstar System

WIIM

Atomera shares are trading lower after the company reported worse-than-expected Q1.

Benchmark analyst Kurt Hallead reiterates TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Buy and maintains $30 price target.

Benchmark Reiterates Buy on TechnipFMC, Maintains $30 Price Target

<div>The U.S. Department of Labor announced a final rule on Tuesday that will revise regulations issued under the Fair Labor Standards Act to ensure overtime pay for some salaried and highly compensated employees. Critics say the rule could prove a significant burden for brokers operating small businesses.</div>

Starting July 1, 2024, salaried employees making less than $844 per week – equivalent to $43,888 per year – will become eligible for overtime. On Jan. 1, 2025, the threshold to receive overtime pay will be raised for workers making less than $1,128 per week – equivalent to $58,656 per year.

Additionally, highly compensated employees (HCEs) will have their minimum salary threshold raised from $107,432 per year to $132,964 per year starting July 1, 2024. On Jan.1, 2025, this threshold for HCEs will increase again to $151,164 per year. The rule will continue to automatically update both salaried employee and HCE thresholds on July 1, 2027, and every three years thereafter.

The full unpublished rule, which is set to be published on Friday, states that employers can satisfy up to 10% of the new salary level through the payment of nondiscretionary bonuses and incentive payments (including commissions) paid annually or more frequently. The other 90% of overtime accumulated would have to be paid in regular fashion. <script type="text/javascript">
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Alexandria, Virginia-based Transportation Intermediaries Association, an organization representing transportation intermediaries of all disciplines, released a statement on Tuesday arguing against the new rule as bad for small businesses.

"TIA's membership is composed of 70% small businesses throughout the United States" said Anne Reinke, president and CEO of TIA, in a press release. "Small businesses are the backbone of the American economy and the logistics industry. Under President Biden's Department of Labor, we have seen several rules that will have major impacts on businesses, whether it be employee classification, overtime rules, or the attacks on the independent contractor status, small businesses are under attack. This will not just increase costs for small businesses but ultimately the consumers as well. The TIA will continue to advocate for our members and allowing our members to thrive without burdensome regulations."

Reinke told FreightWaves that TIA will advise its members to be ready for the incoming changes and review their employee classification for every employee – adding that the TIA Labor Law Compliance Framework can help with that.

"Our members want to ensure that their employees are rightfully compensated for their time" Reinke said in an emailed statement to FreightWaves. "But there are initial concerns with the drastic increases to the minimum limits so quickly – over 60% increase from the previous amount – and the inability of logistics companies to have the flexibility to structure compensation packages that are generous and enticing, with the amount of bonus and incentive amounts capped at 10% towards base salary. The industry is already feeling strapped financially as the freight market has been in a slump [for the] past two years. These increased costs will endanger many of these small businesses." <script type="text/javascript">
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The post <a href="https://www.freightwaves.com/news/new-department-of-labor-rule-adds-overtime-pay-for-some-salary-workers">New Department of Labor rule adds overtime pay for some salary workers</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

Government

Regulations

New Department of Labor Rule Adds Overtime Pay for Some Salary Workers

Despite underwhelming guidance sending Meta Platforms&#39;&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>)&nbsp;stock lower following its Q1 earnings beat on Wednesday evening, several tech companies have seen their stocks pop after exceeding quarterly expectations yesterday as well.
Better still, these top-rated tech stocks look poised to outperform the broader market given slower GDP data and higher consumer prices led to a selloff in Thursday&#39;s trading session with the S&amp;P 500, Nasdaq, and Dow Jones all down roughly -1% at the moment.
CACI International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/caci#NYSE">CACI</a>)
Popping +5% today, CACI International&#39;s stock largely resisted Thursday&#39;s market downturn as its IT applications and infrastructure services to improve information systems appear to be in high demand.
Reporting its fiscal fourth quarter results on Wednesday, CACI&#39;s Q4 earnings of $5.74 per share climbed 16% year over year and beat expectations of $5.52 a share by 4%. CACI also beat top line estimates of $1.86 billion by 4% with Q4 sales at $1.93 billion compared to $1.74 billion in the comparative quarter. Most appealing about CACI&#39;s stock is that the company is expected to post steady growth on its top and bottom lines in Fiscal 2024 and FY25 while trading at a reasonable 18.7X forward earnings multiple and 1.1X sales.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6a/65700.jpg?v=1851222185" /> 
Image Source: Zacks Investment Research
Lam Research (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lrcx#NASDAQ">LRCX</a>)
Lam Research&#39;s stock spiked over +2% this morning as the semiconductor equipment company&#39;s robust bottom line continues to stand out. Supplying water fabrication equipment and services to chipmakers, Lam Research reported earnings of $7.79 a share for its fiscal third quarter which exceeded expectations by 7% and rose 11% from EPS of $6.99 a year ago.
Comparable sales for Q3 dipped -2% to $3.79 billion but came in 2% above estimates of $3.7 billion. Notably, Lam Research&#39;s annual earnings are currently forecasted to dip -15% this year but rebound and jump 20% in FY25 to a whopping $34.72 per share.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/39/65701.jpg?v=2123686118" /> 
Image Source: Zacks Investment Research
Teradyne (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ter#NASDAQ">TER</a>)
Lastly, Teradyne&#39;s consistency&nbsp;may peak investors&#39; interest with its&nbsp;stock jumping +7% today as a developer of automated test systems used to enhance semiconductors, wireless products, data storage, and complex consumer electronics. Teradyne&#39;s reach also extends to the automotive, industrial, aerospace, and defense industries among others with Q1 earnings of $0.51 per share comfortably surpassing the Zacks Consensus of $0.33 a share by 54%.
Expectations of a much wider earnings drop came as Teradyne posted EPS of $0.55 in Q1 2023. Still, quarterly sales of $599.82 million beat estimates by 5% although this was down from $617.53 million in the comparative quarter. Plus, Teradyne has exceeded the Zacks EPS Consensus for an astonishing 47 consecutive quarters dating back to October of 2012.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2b/65702.jpg?v=1743105405" /> 
Image Source: Zacks Investment Research
Takeaway
CACI International, Lam Research, and Teradyne all sport a Zacks Rank #2 (Buy). After exceeding their quarterly expectations, earnings estimate revisions are likely to go up along with analyst price targets making now an ideal time to invest.
<a href="https://www.zacks.com/commentary/2262686/top-tech-stocks-moving-higher-after-earnings?cid=CS-BENZ-FT-investment_ideas-2262686">To read this article on Zacks.com click here.</a>

Earnings

CACI

LRCX

Top Tech Stocks Moving Higher After Earnings

Source: <a href="https://www.streetwisereports.com/article/2024/04/24/gold-co-set-to-drill-15-000-meters-at-golden-triangle-property.html?utm_medium=feed">Streetwise Reports 04/24/2024</a>
Seabridge Gold Inc. announced a 15,000-meter core drilling campaign for this year at its 100%-owned Iskut property in northwest British Columbia&#39;s Golden Triangle. Find out why one newsletter writer says this company should be a core holding in your portfolio.
Seabridge Gold Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sa#NYSE">SA</a>) announced the details of a 15,000-meter core drilling campaign this year at its 100%-owned Iskut property in northwest British Columbia&#39;s Golden Triangle.
The expanding Bronson Slope mineral resource and Seabridge&#39;s discovery in 2023 of similar mineralization at Snip North are interpreted to be &quot;high-level expressions of intrusive-related porphyry mineralization&quot; said the company, which is using three helicopter-portable drill rigs for the new drilling at a budgeted cost of CA$12 million.
&quot;Last year, we discovered extensive gold-dominated epithermal-style mineralization that is consistent with the upper parts of significant porphyry copper-gold mineral systems&quot; Chairman and Chief Executive Officer Rudi Fronk said. &quot;The expansion of the Bronson Slope mineral resource and the new discoveries at Snip North have given us clear direction on where to focus our efforts.&quot;
Fronk said the intrusive targets appear to be embedded in a &quot;district-scale structural trend that is reminiscent of our KSM deposits&quot; referring to the company&#39;s massive KSM project, which is only 30 kilometers by air from Iskut.
KSM is the world&#39;s largest undeveloped gold project by reserves and resources, according to analyst Lucas N. Pipes of B. Riley Securities, who has rated the stock a Buy with a target price of US$60 per share.
&quot;This year&#39;s work is dedicated to realizing the porphyry potential we had in mind when we acquired the Iskut project&quot; Fronk said.
<h2>The Catalyst: &#39;District-Scale&#39; Structural Corridor</h2>
Regional geophysical surveys and surface geology have confirmed the &quot;district-scale structural corridor that connects the Quartz Rise, Bronson Slope, and Snip North targets&quot; Seabridge noted in a release. &quot;Substantial high-level expressions of a Cu-Au porphyry system fall along this regional trend. These multiple targets have only recently seen deep drilling, and 2024 is planned to better evaluate their deeper porphyry potential.&quot;
Results from Bronson Slope drilling last year have expanded, along strike and down plunge, an intermediate sulfidation epithermal system open in multiple directions, the company said. This mineral zone is adjacent to the quartz-magnetite breccia pipe previously discovered, all of which are indications of an intensive and extensive intrusion-related fluid system at Bronson Slope.
<blockquote class="callOut left">Newsletter writer Chris Temple, author and editor of The National Investor, wrote that it&#39;s only a matter of time before KSM attracts the attention it deserves.</blockquote>
In 2023, drilling at Snip North encountered wide intersections of gold and copper.
Highlights included 0.80 grams per tonne gold (g/t Au), 0.07% copper (Cu), and 1.19 g/t silver (Ag) over 277 meters (including 1.8 meters of 15.3 g/t Au, 1.5% Cu, and 430 g/t Ag); 0.61 g/t Au, 0.07% Cu, and 1.36 g/t Ag over 252 meters; and 0.30 g/t Au, 0.09% Cu, 0.59, and g/t Ag over 421.5 meters.
&quot;We view these initial results from Snip North positively given the strong indications of a likely deeper, higher-grade porphyry source to the intermediate sulfidation mineralization intersected in this drilling&quot; wrote Red Cloud analysts Taylor Combaluzier and David Talbot at the time. In a later note, the analysts gave the stock a Buy rating with a CA$46.50 per share target price.
<h2>Goals for 2024</h2>
Earlier this month, Seabridge announced its top 15 goals for 2024, including filing &quot;a new technical report for Bronson Slope with 2023 drill results and an updated resource estimate and (completing) a drill program of at least 12,500 meters at Iskut.&quot;
At the top of the list of goals was finding a joint venture partner for KSM. The company has noted that RBC Capital Markets is running a formal search process.
Pipes said Seabridge has &quot;a clear vision for a potential partnership agreement.&quot;
<blockquote class="callOut right">Upcoming catalysts for Seabridge include finding a JV partner, ongoing development updates at KSM, and continued drilling at Iskut and its 3 Aces and Snowstorm projects.</blockquote>
Newsletter writer Chris Temple, author and editor of The National Investor, wrote that it&#39;s only a matter of time before KSM attracts the attention it deserves.
&quot;Even some &#39;experts&#39; in the precious metals space are WAY behind in their understanding of just what kind of world-class monster Seabridge&#39;s flagship KSM Project in British Columbia&#39;s Golden Triangle has become&quot; wrote Temple, who said he was &quot;table-pounding bullish&quot; on the stock, and not just because of KSM.
&quot;When you consider the rest of Seabridge&#39;s world-class portfolio, I think you&#39;ll feel &mdash; as I expressed &mdash; that Seabridge deserves to be a core holding in your portfolio&quot; Temple wrote.
Upcoming catalysts for Seabridge include finding a JV partner, ongoing development updates at KSM, and continued drilling at Iskut and its 3 Aces and Snowstorm projects.
<h2>Analyst: Possible Gold Correction an Opportunity</h2>
Gold prices have dropped heavily this week, but Technical Analyst Clive Maund wrote that the possible correction &quot;did not come as any surprise.&quot;
&quot;The core drivers of the gold and silver bull market remain firmly in place&quot; wrote Maund. &quot;This correction in gold and silver should be seen for what it is &mdash; the perfect opportunity to build positions further at better prices ahead of the next major upleg.&quot;
Newsletter writer Captain Ewave recently analyzed the precious metal&#39;s movements and recommended being long on gold.
&quot;Are gold and gold mining stocks on the verge of an explosive move higher?&quot; he wrote. &quot;Based on our analysis, the answer appears to be a resounding yes.&quot;
<h2>Ownership and Share Structure</h2>
Reuters provided a breakdown of the company&#39;s ownership and share structure, where management and insiders own approximately 3% of the company. According to Reuters, CEO and Chairman Rudi P. Fronk owns 1.43% of the company with 1.23 million shares.
Reuters reports that institutions own about 55% of the company. According to Reuters, Friedberg Mercantile Group Ltd. owns 13.56%, National Bank of Canada owns 5.24%, Van Eck Associates Corp. owns 4.06%, Kopernik Global Investors, L.L.C. owns 3.7%, Paulson &amp; Co. Inc. owns 2.4%, and Sprott Asset Management L.P. owns 2.23%.
According to Reuters, there are 86.22 million shares outstanding with 83.74 million free float traded shares, while the company has a market cap of CA$1.81 billion and trades in a 52-week range of CA$12.62 and CA$23.
Important Disclosures:
<ol>
<li>Seabridge Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

Commodities

Small Cap

Gold Co. Set To Drill 15,000 Meters at Golden Triangle Property