Viasat (NASDAQ:VSAT) Stock, Quote.Headers.trade-ideas

Viasat

Viasat Inc provides bandwidth technologies and services in three segments: satellite services: which provides satellite-based high-speed broadband services to consumers, enterprises, and commercial airlines; commercial networks: which develops end-to-end communication and connectivity systems; and government systems: which produces network-centric Internet Protocol-based secure government communication systems. A large majority of the firm's revenue is generated in the United States, it also has its presence in non U.S. countries.

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Sky Harbour Group, SolarEdge Technologies And Other Big Stocks Moving Lower In Tuesday&#39;s Pre-Market Session

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U.S. stocks are priming for a positive start on Tuesday ahead of the release of the key August retail sales report. Traders could throng the tech space as they seek to take advantage of the recent pullback.

Wall Street Could Head Higher As Traders Look Forward To Retail Sales Data Ahead Of Fed Decision, Tech Stocks On The Mend: Strategist Flags This As Best-Case Scenario For Market This Week

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Intraday Update

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SSYS

Alcoa, Lattice Semiconductor, Stratasys And Other Big Stocks Moving Higher On Monday

Viasat Inc

B of A Securities analyst Benjamin Haynor maintains Viasat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) with a Buy and lowers the price target from $31 to $19.

Price Target

Analyst Ratings

B of A Securities Maintains Buy on Viasat, Lowers Price Target to $19

JP Morgan analyst Philip Cusick downgrades Viasat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) from Overweight to Neutral and lowers the price target from $29 to $15.

Downgrades

JP Morgan Downgrades Viasat to Neutral, Lowers Price Target to $15

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Tuesday.
Shares of Sky Harbour Group Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKYH#NYSE">SKYH</a>) fell sharply in today's pre-market trading after the company announced a securities purchase agreement to issue 3,352,106 PIPE shares for net proceeds of about $31.8 million, on a net purchase price of $9.50 per share with potential for additional $63 million by Dec. 2024.
Sky Harbour Group shares dipped 10.9% to $11.80 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares fell 5.6% to $20.72 in pre-market trading after gaining 11% on Monday.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) shares tumbled 5% to $12.90 in pre-market trading after jumping 6% on Monday.</li>
<li>Guardant Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GH#NASDAQ">GH</a>) shares fell 4.9% to $24.14 in pre-market trading after declining 5% on Monday.</li>
<li>SMART Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGH#NASDAQ">SGH</a>) shares dipped 3.8% to $18.56 in pre-market trading.</li>
<li>Instil Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIL#NASDAQ">TIL</a>) shares fell 3.9% to $61.82 in pre-market trading after dipping 24% on Monday. The company announced the global registrational strategy for the PD-L1xVEGF bispecific antibody SYN-2510/IMM2510 in combination with chemotherapy in front-line non-small cell lung cancer and in front-line triple-negative breast cancer.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) shares declined 3.5% to $19.90 in pre-market trading after jumping over 30% on Monday.</li>
<li>Mitsubishi UFJ Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>) shares fell 3% to $10.14 in pre-market trading.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40877520/if-you-want-steel-you-do-nucor-says-cramer-when-asked-about-gerdau">&#8216;If You Want Steel, You Do Nucor,&#8217; Says Cramer When Asked About Gerdau</a></li>
</ul>

Sky Harbour Group, SolarEdge Technologies And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

U.S. stocks are priming for a positive start on Tuesday ahead of the release of the key August retail sales report. Traders could throng the tech space as they seek to<a href="https://www.benzinga.com/markets/equities/24/09/40884383/nasdaq-100-falls-as-apple-weighs-on-chipmakers-bonds-rise-as-investors-eye-0-5-rate-cut-whats-dr"> take advantage of the recent pullback. </a>The market and experts are divided over the magnitude of a rate cut, but a 25 basis-point cut could trigger an initial negative reaction. That said, most believe that the state of the labor market and economy could take preeminence over the rate trajectory, going forward.
The August retail sales data could be on traders&#8217; radar on Tuesday. Fund manager Louis Navellier said a disappointing report could tilt the scales toward a bigger cut on Wednesday. Wharton professor and Wisdom Tree Senior Economist Jeremy Siegel said he would like the Fed to move quickly. But so far, the market is comfortable with the Fed funds rate reaching the three handle by the middle of next year, he added.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.61%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.38%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.29%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.36%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE: SPY added 0.38% to $564.99 and the&nbsp;Invesco QQQ ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) gained 0.58% to $476, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Wall Street closed Tuesday&#8217;s session on a mixed note, with Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) leading the tech-heavy Nasdaq Composite lower, while the S&amp;P 500 and the Dow Industrials closed in the green. The positive close by the broader gauge took the index&#8217;s winning streak to six sessions, with better-than-expected regional manufacturing data giving the thrust on a day when it traded below the unchanged line for much of the session.
The S&amp;P 500 Index is now a step closer to its all-time closing high of 5,667.20 reached on July 16.
Energy, financials, material and utility stocks gained ground, while IT stocks came under significant selling pressure.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.52%</td>
<td>17,592.13</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.13%</td>
<td>5,633.09</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.55%</td>
<td>41,622.08</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.31%</td>
<td>2,189.17</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Despite market expectation for a 50 basis-point cut, Morgan Stanley analyst Seth Carpenter said he expects a more modest 0.25% reduction. The economist expects the FOMC statement to acknowledge further progress on inflation and risks to the labor market. The dot-plot chart, which is part of the Summary of Economic Projections, will show that the number of cuts this year will be three instead of the previously suggested one. 
Chairman Jerome Powell may not commit to a cadence for cuts but suggest future rate moves will be data-dependent, the economist said. In all, Carpenter anticipates three 25 basis-point reductions this year.
Morgan Stanley&#8217;s Chief U.S. Equity Strategist Mike Wilson believes that the labor/growth data will be more important to how stocks ultimately trade over the next three to six months. If the labor/growth data strengthen from here, a series of 25 basis-point rate cuts into the middle of next year can further support valuations in a &#8220;late cycle&#8221; context, he said.
But he warned that the market can trade with a risk-off tone if the labor data weakens from here, regardless of whether the Fed&#8217;s first move is 25 or 50 basis points.
The best-case scenario for equities this week is a 50 basis-point cut without triggering either growth concerns or any remnants of the yen carry trade unwind, the strategist said, adding that defensives and large-caps tend to outperform cyclicals and small-caps, respectively, both before and after the first cut.
See Also: How To Trade Futures
Upcoming Economic Data:
<ul>
<li>The Commerce Department is scheduled to release its August retail sales report at 8:30 a.m. EDT. Economists, on average, estimate a 0.2% month-over-month drop in retail sales, reversing some of the 1% gain in July. Retail sales, excluding autos, may have risen 0.2%, slower than July&#8217;s 0.4% growth.</li>
<li>The Federal Reserve&#8217;s industrial production report, due at 9:15 a.m. EDT, is widely expected to show a 0.2% month-over-month increase for August following a 0.6% drop in July.</li>
<li>The Commerce Department will release its business inventories report at 10 a.m. EDT. The consensus estimate calls for a steady pace of 0.2% month-over-month growth for July.</li>
<li>The National Association of Home Builders housing market index for September is expected to come in at 40, up from 39 in July. The metric, which measures homebuilders&#8217; confidence, is scheduled to be released at 10 a.m. EDT.</li>
<li>The Treasury is set to auction 20-year bonds at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) rose over 6% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the company announced an agreement to supply custom artificial intelligence chips to Amazon, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) AWS.</li>
<li>Viasat Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) fell over 5.60%, reacting to a negative analyst action.</li>
<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) climbed over 1.50% after the company announced a $60 billion stock buyback plan and a 10% dividend hike.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil and gold futures pulled back after Monday&#8217;s strong gains, with the latter holding above the $2,600 mark despite the modest decline, and the benchmark 10-year Treasury note edged down slightly 3.619% ahead of Wednesday&#8217;s Fed decision. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed past the $59K mark.
The global markets turned higher in anticipation of a Fed rate cut, with most major markets in Asia ending higher for the day. The Japanese market, which reopened after Monday&#8217;s public holiday, retreated amid the yen&#8217;s strength, and the New Zealand market extended its post-central bank meeting losses. The Chinese and South Korean markets remained closed for public holidays.
European stocks were solidly higher in early trading.
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</ul>
Photo via Shutterstock

U.S. stocks were mixed, with the Dow Jones index gaining around 200 points on Monday.
Shares of Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) rose sharply during Monday's session after the company agreed to sell its 25.1% joint venture stake in Ma&#8217;aden for $1.1 billion, including $950 million <a href="https://www.benzinga.com/markets/equities/24/09/40873786/alcoa-pockets-1-1b-from-saudi-joint-venture-sale-details">in Ma&#8217;aden shares.</a>
Alcoa shares jumped 6.5% to $34.63 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Ascendis Pharma A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASND#NASDAQ">ASND</a>) shares jumped 19.8% to $142.76 after the company announced topline data from its pivotal approach trial of Transcon CNP (Navepegritide).</li>
<li>Bausch + Lomb Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NASDAQ">BLCO</a>) shares gained 15% to $17.86. Needham reiterated a Hold rating on Bausch &amp; Lomb.</li>
<li>Nuvalent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVL#NASDAQ">NUVL</a>) climbed 12.8% to $98.70 after the company highlighted results for its ROS1 and ALK-Positive NSCLC programs and accelerated its development timeline. Also, the company announced a $350 million public offering and multiple firms raised their respective price targets on the stock.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) gained 12.5% to $17.75.</li>
<li>JBDI Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBDI#NASDAQ">JBDI</a>) jumped 11.1% to $29.38.</li>
<li>Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) surged 10.3% to $49.46. Lattice Semiconductor appointed Ford Tamer as CEO, effective immediately.</li>
<li>EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) rose 8.4% to $26.33. Morgan Stanley, on Friday, raised its price target on the stock from $14 to $20.</li>
<li>Stratasys Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) rose 7.9% to $7.61 after the company authorized a share repurchase program of up to $50 million.</li>
<li>Corvus Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) gained 7.5% to $5.48. The announced it initiated the registrational Phase 3 clinical trial of Soquelitinib for patients with relapsed or refractory peripheral T-cell lymphoma.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) rose 6.3% to $13.57.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) rose 5.5% to $3.1650.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) gained 4.2% to $106.42. Evercore ISI Group analyst Michael Morris upgraded Sprouts Farmers Market from In-Line to Outperform and raised the price target from $96 to $120.</li>
</ul>
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</ul>

Offerings

Viasat Subsidiaries Upsizes And Prices Offering Of $1.975B Of Its 9.000% Senior Secured Notes Due 2029

WIIM

ViaSat shares are trading lower. The company on Monday announced a proposed a $1.25 billion private placement of senior secured notes for debt repayment.

ViaSat shares are trading lower. The company a proposed a $1.25 billion private placement of senior secured notes for debt repayment.

Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) announces that its wholly-owned indirect subsidiaries, Connect Finco SARL and Connect U.S. Finco LLC (together, the "Issuers"), intend to commence an offering of $1,250 million in aggregate principal amount of Senior Secured Notes due 2029 (the "notes"), subject to market and other conditions. The Issuers are wholly-owned indirect subsidiaries of Connect Bidco Limited ("Inmarsat"), a wholly-owned indirect subsidiary of Viasat.
The notes will be offered and sold to persons reasonably believed to be qualified institutional buyers in the United States through a private placement pursuant to Rule 144A and outside the United States pursuant to Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). The notes and the related guarantees will be secured on a first-lien basis by assets that also secure on a first-lien basis the indebtedness under the Issuers' existing senior secured credit facilities.
The Issuers intend to use the net proceeds from the offering, together with cash on hand, to redeem a portion of the Issuers' outstanding 6.750% Senior Secured Notes due 2026 (the "Inmarsat 2026 Notes") and to pay related fees and expenses. The foregoing does not constitute a notice of redemption with respect to the Inmarsat 2026 Notes.

Viasat Announces Proposed Private Placement of $1.25B of Senior Secured Notes For Debt Repayment

ViaSat shares are trading higher after the company announced it received a 5-year $153 million contract from the Defense Information Services Agency to provide network services and support for the U.S. army project manager mission command blue force tracker program.

Viasat will provide engineering and network modernization services to support U.S. Army Blue Force Tracker requirements
CARLSBAD, Calif., Sept. 5, 2024 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4247231-1&amp;h=3093446757&amp;u=http%3A%2F%2Fwww.viasat.com%2F&amp;a=Viasat%2C+Inc.%C2%A0">Viasat, Inc.&nbsp;</a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>), a global leader in satellite communications, announced today it has received a five-year, $153 million dollar contract at full value potential from the Defense Information Services Agency to provide network services and support for the U.S. Army Project Manager Mission Command (PM MC) Blue Force Tracker&nbsp; (BFT) program. The period-of-performance for this contract includes a base year with four one-year option periods.

Contracts

Viasat Received A 5-Year, $153M Contract At Full Value Potential From The Defense Information Services Agency To Provide Network Services And Support For The U.S. Army Project Manager Mission Command Blue Force Tracker Program

Viasat Launches Enhanced LAISR Global Mobility On-Demand Managed L-Band Service Offering Flexible Communications For Airborne, Maritime, And Land Users With 99.9% Network Reliability

Scalable operational finance expertise supports growth plans
CARLSBAD, Calif., Aug. 28, 2024 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4241734-1&amp;h=752358530&amp;u=http%3A%2F%2Fwww.viasat.com%2F&amp;a=Viasat%2C+Inc.%C2%A0">Viasat, Inc.&nbsp;</a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>), a global leader in satellite communications, today announced the appointment of Gary Chase as Chief Financial Officer, effective September 16, 2024. He will succeed Shawn Duffy, who will remain with Viasat in the role of Chief Accounting Officer.
Mr. Chase joins Viasat from Delta Air Lines, where he most recently served as Senior Vice President of Operational Finance and was a member of the Delta Leadership Committee, a group of top executives reporting directly to the CEO. During his more than 12-year tenure at Delta Air Lines, Mr. Chase oversaw a number of important financial functions, including Financial Planning &amp; Analysis, Investor Relations, and Corporate Planning, as well as Operational Finance. Mr. Chase also served as Delta's Chief Strategy Officer. Prior to joining Delta, Mr. Chase was an Institutional Investor ranked analyst and Managing Director in equity research at Barclays Capital and Lehman Brothers in New York, having followed the airline and transportation industries for 12 years.

Management

ViaSat Appoints Gary Chase As CFO, Effective September 16, 2024 Succeeding Shawn Duffy, Who Will Remain In The Role Of Chief Accounting Officer

Viasat's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NYSE">VSAT</a>) short percent of float has risen 15.99% since its last report. The company recently reported that it has 16.58 million shares sold short, which is 17.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.89 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Viasat Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723649421_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Viasat has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Viasat's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Viasat's peer group average for short interest as a percentage of float is 7.38%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Viasat's Recent Short Interest

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Tuesday.
Shares of On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) fell sharply in today's pre-market trading following m<a href="https://www.benzinga.com/quote/ONON/earnings">ixed second-quarter financial results.</a>
On Holding reported quarterly earnings of 15 cents per share which missed the analyst consensus estimate of 16 cents per share. The company reported quarterly sales of $627.683 million which beat the analyst consensus estimate of $561.038 million.
On Holding shares dipped 8.6% to $36.15 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) fell 7.5% to $19.99 pre-market trading after declining 5% on Monday.</li>
<li>UTime Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTO#NASDAQ">WTO</a>) shares declined 6.8% to $1.36 after jumping around 22% on Monday.</li>
<li>Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) shares fell 6.3% to $12.30 in pre-market trading following a second-quarter revenue miss.</li>
<li>Hudbay Minerals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBM#NYSE">HBM</a>) shares declined 4.9% to $7.00 in pre-market trading following a second-quarter revenue miss.</li>
<li>Genmab A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMAB#NASDAQ">GMAB</a>) shares fell 4.2% to $25.41.</li>
<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) declined 3% to $4.50 after dipping around 17% on Monday.</li>
</ul>
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GMAB

LUMN

ONON

On Holding Reports Mixed Q2 Results, Joins Tencent Music Entertainment And Other Big Stocks Moving Lower In Tuesday Pre-Market Session

Wall Street is priming for a positive start on Tuesday, as the market resiliently holds onto optimism regarding receiving benign inflation data, which will likely seal the fate of a rate cut. The <a href="https://www.benzinga.com/markets/equities/24/08/40317062/producer-inflation-could-tee-up-traders-for-crucial-consumer-price-index-release">producer price inflation data </a>due ahead of the market opening is likely to show further easing in pricing pressure at the wholesale level, potentially serving as a harbinger of tame consumer price inflation data.
Home Depot, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) weak guidance is likely to weigh down on the retail space as most of these companies are lined up to release their earnings over the next couple of weeks. Volatility is in check, as evidenced by the CBOE Volatility Index, aka VIX, which traded below the 22 level. The yen was weaker against the dollar, potentially keeping at bay fears concerning additional unwinding of carry trades.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.04%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.22%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.42%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In premarket trading on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up 0.07% to $533.65, and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.19% to $452.22, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session: 
U.S. stocks ended Monday&#8217;s session on a mixed note as trading was characterized by listlessness following the strong gains recorded in the latter-half of last week. Traders also chose to exercise restraint ahead of key retail earnings and the twin inflation report. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rallied amid positive commentary by sell-side analysts, providing a lift to semiconductor stocks.
Among the S&amp;P 500 sectors, IT, energy, and utility stocks gained ground, while all the other eight sectors closed in the red.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.21%</td>
<td>16,780.61</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.00%</td>
<td>5,344.39</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.36%</td>
<td>39,357.01</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.91%</td>
<td>2,062.08</td>
</tr>
</tbody>
</table>
</figure>
 Insights From Analysts:
Even as the market bounced back nicely after catering early last week, it is too early to call a bottom, according to LPL Financial Chief Technical Strategist Adam Turnquist. In a note to clients, the strategist said bottoming is historically a process. &#8220;Although we welcome the recent bounce, there is insufficient technical evidence supporting the case that a durable low has been set,&#8221; he said.
Among the potential catalysts for a stock market turnaround are a signal from the Federal Reserve that they will be more aggressive with rate cuts, evidence that the economy is holding up okay, especially the labor market, and increased stability in currency markets, he said.
From a technical analysis perspective, Turnquist sees downside risk to key support near the 200-dma (5,032) or the April lows (4,954) under an adverse scenario. 
&#8220;Overall, we expect volatility to remain elevated in the coming months as the market waits for more clarity on the economy and a better seasonal setup,&#8221; he said, adding that September is the worst month for stocks.
Wharton professor and WisdomTree Chief Economist Jeremy Siegel said in his weekly commentary that he expects to see resilience in dividend-paying stocks if the Fed lowers rates and the economy slows. &#8220;I am closely monitoring the real data, and fully expect Jay Powell to tee-up a rate cut in his speech at the Jackson Hole Economic Symposium later this month,&#8221; he said.
&#8220;The upcoming weeks, especially with the inflation data release and the Fed's meeting at Jackson Hole, will be crucial to see if the Fed understands the moment at hand.&#8221;
Upcoming Economic Data:
<ul>
<li>The Bureau of Labor Statistics will release the producer price inflation report for July at 8:30 a.m. EDT. Economists, on average, expect both producer prices and core readings to show 0.2% month-over-month growth. This compares to June readings of 0.2% and 0.4% increases, respectively. The annual producer price inflation and core inflation rate are expected at 2.3% and 2.7%, respectively, down from 2.6% and 3%.</li>
<li>Federal Open Market Committee member and Atlanta Fed President Raphael&nbsp;Bostic is scheduled to speak at 1:15 p.m. EDT.</li>
</ul>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Stocks In Focus:
<ul>
<li>Home Depot fell over 4.5% in <a href="https://www.benzinga.com/premarket">premarket trading </a>following the home improvement retailer&#8217;s guidance cut, citing the economy.</li>
<li>Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) fell over 7% following the company&#8217;s earnings announcement and Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) pulled back over 3.5%, while Paysafe Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NYSE">PSFE</a>) rose about 6%.</li>
<li>Viasat, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NYSE">VSAT</a>) slumped about 10% after the company announced an offering.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures pulled back after Monday&#8217;s 4%+ advance and gold futures are little changed just above the $2,500 mark. The 10-year Treasury noted yield remained unchanged at 3.909%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded up over 0.50% above the $58.5K mark. 
The Asian markets were led higher by Japan, with the Nikkei 225 average ending up 3.45% on Tuesday, thereby returning to levels seen before last Monday&#8217;s crash. On the other hand, European stocks are showing apprehension as traders react to weak German data and an unexpected fall in U.K. jobless claims. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40330367/airbnb-a-pleasant-stay-for-investors-heres-how-much-you-would-have-now-if-you-had-invested-1-000">Airbnb A Pleasant Stay For Investors? Here&#8217;s How Much You Would Have Now if You Had Invested $1,000 In Vacation Rental Company&#8217;s IPO</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

NVDA

PSFE

Nasdaq, S&P 500 Futures Waver As Home Depot Sags And PPI Report Awaited: Analyst Says 'Insufficient Technical Evidence' That Bottom Has Been Set

Shares of Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) rose sharply in today's pre-market trading following <a href="https://www.benzinga.com/news/earnings/24/08/40324773/rumble-q2-earnings-highlights-revenue-beat-eps-beat-3-million-more-monthly-users-as-2024-election-d">better-than-expected second-quarter financial results.</a>
Rumble reported second-quarter revenue of $22.5 million, up 27% sequentially. The revenue figure beat a Street consensus estimate of $19.69 million, according to data from Benzinga Pro. The company reported a loss of 13 cents per share, which beat a Street consensus estimate of a loss of 15 cents per share.
Rumble shares jumped 7.1% to $6.16 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Vicinity Motor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) rose 136.7% to $0.2353 in today's pre-market trading after dipping around 14% on Monday.</li>
<li>MKDWELL Tech Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MKDW#NASDAQ">MKDW</a>) gained 54.1% to $1.71 in pre-market trading after falling 17% on Monday.</li>
<li>CXApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CXAI#NASDAQ">CXAI</a>) shares rose 54.1% to $2.28 in pre-market trading after the company reported highlights from the second quarter and announced a multi-year agreement with Alphabet Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Cloud.</li>
<li>Plby Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLBY#NASDAQ">PLBY</a>) gained 25.5% to $0.74 in pre-market trading. PLBY Group, last week, reported worse-than-expected second-quarter financial results.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) gained 22.2% to $4.35 in pre-market trading. Hesai Group is expected to report second quarter financial results on Monday, Aug. 19.</li>
<li>Psychemedics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PMD#NASDAQ">PMD</a>) gained 20.5% to $2.22 after the company announced that it approved a plan to cease the registration of its stock under the federal securities laws following the completion of a proposed reverse stock split and to delist its shares of common stock from trading on the Nasdaq.</li>
<li>Orgenesis Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORGS#NASDAQ">ORGS</a>) jumped 18.3% to $0.80 in pre-market trading after declining 7% on Monday.</li>
<li>HUYA Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUYA#NYSE">HUYA</a>) gained 8.5% to $4.84 in pre-market trading after the company reported second-quarter results and declared a special dividend of $1.08 per ADS.</li>
<li>PACS Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>) shares gained 8.2% to $35.00 in pre-market trading following a second-quarter revenue beat.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Syros Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>) shares declined 56.4% to $2.18 in pre-market trading as the company announced plans to discontinue enrollment in SELECT-AML-1 Phase 2 clinical trial.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) shares dipped 21.5% to $0.1570 in pre-market trading. SunPower revealed the receipt of notice from Nasdaq about delisting company&#8217;s common stock.</li>
<li>PS International Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) declined 20.9% to $1.82 in pre-market trading after jumping around 128% on Monday.</li>
<li>Greenlane Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNLN#NASDAQ">GNLN</a>) shares declined 18.8% to $9.33 in pre-market trading. On Monday, Greenlane announced the pricing of $6.5 million private placement priced at-the-market under Nasdaq rules.</li>
<li>FSD Pharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUGE#NASDAQ">HUGE</a>) shares fell 15.2% to $0.1102 in pre-market trading after dipping 35% on Monday.</li>
<li>Yatra Online, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YTRA#NASDAQ">YTRA</a>) shares fell 14.2% to $1.33 in pre-market trading after reporting weak quarterly sales.</li>
<li>Conifer Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNFR#NASDAQ">CNFR</a>) fell 13.3% to $1.04 in pre-market trading. Conifer Holdings is exp to hold second quarter earnings conference call on Aug. 144.</li>
<li>On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) fell 8.6% to $36.15 in today's pre-market trading following mixed second-quarter financial results.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) fell 7.5% to $19.99 pre-market trading after declining 5% on Monday.</li>
<li>Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) shares fell 6.3% to $12.30 in pre-market trading following a second-quarter revenue miss.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40330730/home-depot-paysafe-and-3-stocks-to-watch-heading-into-tuesday">Home Depot, Paysafe And 3 Stocks To Watch Heading Into Tuesday</a></li>
</ul>

CNFR

CXAI

GNLN

GOOG

GOOGL

HSAI

MASSIVE INTERACTIVE NV by Massive Interactive, Inc.

HUGE

HUYA

MKDW

ORGS

PACS

PLBY

PSIG

SPWR

SYRS

YTRA

Why Rumble Shares Are Trading Higher By Around 7%; Here Are 20 Stocks Moving Premarket

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining around 450 points on Thursday.
The Dow traded up 1.70% to 39,423.02 while the NASDAQ rose 2.79% to 16,647.90. The S&amp;P 500 also rose, gaining, 2.25% to 5,316.73.
Leading and Lagging Sectors Information technology shares climbed by 3.3% on Thursday.
In trading on Thursday, utilities shares rose by just 0.5%.
Top Headline US Foods Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>) reported better-than-expected sales for the second quarter.
The company reported adjusted earnings per share of 93 cents, in line with the street view. Quarterly sales of $9.70 billion (+7.7%) outpaced the analyst consensus of $9.64 billion.
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>XPEL, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPEL#NASDAQ">XPEL</a>) shares shot up 41% to $44.86 after the company reported better-than-expected second-quarter financial results.</li>
<li>Shares of Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) got a boost, surging 43% to $25.41 after the company reported better-than-expected first-quarter financial results.</li>
<li>GSE Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GVP#NASDAQ">GVP</a>) shares were also up, gaining 45% to $3.9565 after the company announced it will be acquired by Pelican Energy Partners for $4.10 per share.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Cardlytics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDLX#NASDAQ">CDLX</a>) shares dropped 57% to $2.96 after the company reported worse-than-expected second-quarter financial results.</li>
<li>Shares of Outset Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OM#NASDAQ">OM</a>) were down 63% to $1.27 after the company reported worse-than-expected second-quarter financial results and cut its FY24 revenue guidance.</li>
<li>Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) was down, falling 31% to $5.57 after the company reported worse-than-expected second-quarter revenue results. Also, multiple firms downgraded their respective ratings and price targets on the stock.</li>
</ul>
Commodities In commodity news, oil traded up 1.2% to $76.16 while gold traded up 1.3% at $2,464.10.
Silver traded up 2.6% to $27.64 on Thursday, while copper rose 0.5% to $3.9705.
Euro zone
European shares closed mixed today. The eurozone's STOXX 600 rose 0.08%, Germany's DAX rose 0.37% and France's CAC 40 fell 0.26%. Spain's IBEX 35 Index fell 0.39%, while London's FTSE 100 fell 0.27%.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei 225 falling 0.74%, Hong Kong's Hang Seng Index gaining 0.08%, China's Shanghai Composite Index rising 0.002% and S&amp;P BSE Sensex falling 0.73%.
Economics
<ul>
<li>U.S. initial jobless claims declined by 17,000 to 230,000 in the week ending August 3, compared to market estimates of 240,000.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $903 billion in June, compared to revised 0.5% rise in the earlier month.</li>
<li>U.S. natural gas supplies rose 21 billion cubic feet during the week ended Aug. 2, compared to market estimates of a 22 billion cubic feet gain.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40253347/top-3-utilities-stocks-that-could-lead-to-your-biggest-gains-this-month">Top 3 Utilities Stocks That Could Lead To Your Biggest Gains This Month</a></li>
</ul>

Eurozone

Commodities

BMBL

CDLX

USFD

XPEL

Crude Oil Gains 1%; US Foods Sales Top Views

ViaSat shares are trading higher after the company reported better-than-expected Q1 financial results.

Investor risk sentiment is showing greater conviction on Thursday, with all indices and major stock sectors in the green, after Wall Street failed to hold onto opening gains and closed in the <a href="https://www.benzinga.com/markets/equities/24/08/40237781/wall-street-ends-wednesday-in-the-red-as-risk-sentiment-remains-fragile-s-p-500-movers-at-the-cl">red the previous day.</a>
Weekly jobless claims numbers, which came in at 233,000 last week — a significant drop from the previous 250,000 and below the expected 240,000 — <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/08/40251833/weekly-unemployment-claims-decline-more-than-expected-cool-recession-concerns-stocks-r">helped ease recession fears. </a>
Additionally, the notable decline in weekly claims in Texas suggests that a one-off event like Hurricane Beryl might have contributed to the increase in claims and the July unemployment rate, thus alleviating fears of a more structural trend.
Technology stocks are leading the charge, with the Nasdaq 100 showcasing a 2.2% rally. Among tech stocks, semiconductors are shining, with AI-linked trade back on track after significant <a href="https://www.benzinga.com/markets/equities/24/08/40259139/tech-stocks-rally-after-5-day-slump-as-recession-panic-eases-nasdaq-100-movers-to-watch-thursday">sell-offs in recent days.</a>
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) rallied 5.7%, returning above its 200-day moving average after falling below it last Friday. Industrial, consumer discretionary and energy stocks are also posting significant gains.
The dollar continues its recovery against the Japanese yen after being hit by the unwinding of the carry trade until Monday. The dollar-yen exchange rate is looking at its third consecutive day of gains, continuing to reflect the dovish remarks made by the <a href="https://www.benzinga.com/markets/asia/24/08/40223986/traders-resume-yen-dollar-carry-trade-as-bank-of-japan-pledges-no-rate-hikes-during-market-volatilit">Bank of Japan on Wednesday.</a>
Bonds, which alongside the yen were favored during past sessions marked by recession fears, are now retracing as yields rise across the Treasury curve. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) tumbled by 0.8% on Thursday, eyeing its third straight session of declines. The yield on the 10-year Treasury note surged by 5 basis points to 4%.
Commodities are showing solid gains, with gold and silver up by 1.5% and 3.5%, respectively. Oil is up 0.8%, with West Texas Intermediate (WTI) light crude returning above the $75 per barrel level.
Cryptocurrencies are soaring, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) posting a 7.9% daily gain, on track for its best session in about three months.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,267.70</td>
<td>2.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,285.21</td>
<td>1.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,063.97</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,231.86</td>
<td>1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:44 p.m. ET</figcaption></figure>
<h1 class="wp-block-heading">According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent080824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:</h1>
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 1.7% to $527.46.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;increased by 1.2% to $392.63.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 2.4% to $445.17.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) gained 1.7% to $205.38.</li>
<li>All the sectors of the S&amp;P 500 saw gains, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) leading the way, up by 2.8%. The more defensive Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) witnessed the lowest surge, up by 0.4%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
Technology stocks rallying on improved risk sentiment are: 
<ul>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) up 7.8%,</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) up 7.1%,</li>
<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) up 6.2%,</li>
<li>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) up 6.1%,</li>
<li>KLA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) up 6%, </li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) up 5.9%</li>
</ul>
Stocks moving on earnings reports are: 
<ul>
<li>AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) up 9.9%</li>
<li>Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) down 17%</li>
<li>Bumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMBL#NASDAQ">BMBL</a>) down 31%</li>
<li>Cars.com Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARS#NYSE">CARS</a>) down 6%</li>
<li>CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) up 7.2%</li>
<li>Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) down over 17%</li>
<li>Forward Air Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>) up nearly 22%</li>
<li>Hanesbrands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>), up 15%</li>
<li>HubSpot, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) up 2.8%</li>
<li>Krispy Kreme, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DNUT#NASDAQ">DNUT</a>) up 14,</li>
<li>Marathon Oil Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>) up 1.2%</li>
<li>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) down 11%</li>
<li>Papa John&#8217;s International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) up 2.5%</li>
<li>PENN Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PENN#NASDAQ">PENN</a>) up 7%</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) down 0.5%</li>
<li>Restaurant Brands International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>) up 2.3%</li>
<li>Robinhood Markets, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) up 2.22%</li>
<li>Under Armor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) up 18%</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) up nearly 37%</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) down nearly 9%</li>
<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) up nearly 19%. </li>
</ul>
Those reporting after the close are Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), CarGurus, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>), Dropbox, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>), elf Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>), Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>), Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>), Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>), Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>), Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>), and Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>).
Read Now:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40257259/robinhood-is-doing-everything-right-analysts-focus-on-new-products-traders-taking-m">Robinhood Is Doing &#8216;Everything Right&#8217;: Analysts Focus On New Products, Traders Taking Market Share From Competitors</a></li>
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