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The Latest Breaking News from NYSE

Jabil Clocks 11% Revenue Growth In Q2; Boosts FY22 Outlook

Jabil Inc (NYSE:JBL) reported second-quarter FY22 revenue growth of 10.6% year-on-year to $7.55 billion, beating the consensus of $7.43 billion. Segments: Diversified Manufacturing Services (DMS) revenue grew 4% Y/Y. Electronics Manufacturing Services (EMS) revenue improved 19% Y/Y. Jabil's non-GAAP EPS of $1.68 beat the consensus of $1.47. Jabil held $1.09 billion in cash and…

Benzinga

Read Why Bilibili Shares Are Soaring In Premarket

Bilibili Inc's (NASDAQ:BILI) board approved the company to pursue the voluntary conversion to dual-primary listing on the Hong Kong Stock Exchange. Bilibili would continue to trade on both the HKSE and Nasdaq. Recently, JPMorgan analyst Alex Yao downgraded Bilibili to Underweight from Overweight with a $15 price target (20.5% downside). JPMorgan downgraded the Chinese tech sector, including Alibaba Group Holding…

Benzinga

Are Investors likely To Move Into KB Home?

Shares of KB Home (NYSE: KBH) Tuesday rose almost 4%, after having shed over 15% year to date.

Benzinga

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American Express Files For NFT And Metaverse Trademarks

American Express Company (NYSE: AXP) — the world's second-largest payment processor — is showing an interest in the metaverse and non-fungible token (NFT) technologies.

Benzinga

10 Biggest Price Target Changes For Wednesday

Stifel cut the price target on Adobe Inc. (NASDAQ: ADBE) from $700 to $600. Adobe shares rose 1.9% to $429.50 in pre-market trading.

Benzinga

Arcos Dorados Holdings: Q4 Earnings Insights

Arcos Dorados Holdings (NYSE:ARCO) reported its Q4 earnings results on Wednesday, March 16, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Benzinga

Jabil: Q2 Earnings Insights

Jabil (NYSE:JBL) reported its Q2 earnings results on Wednesday, March 16, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Benzinga

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40 Stocks Moving in Wednesday's Pre-Market Session

Gainers Fangdd Network Group Ltd. (NASDAQ: DUO) rose 57.1% to $0.4198 in pre-market trading.

Benzinga

Global Efforts To Reduce Semiconductor Dependence Will Further Exacerbate Crisis: Bloomberg

Growing efforts from the U.S. and Europe to consolidate their semiconductor supply chains to compete with China could backfire due to the political strings attached to the aid, Bloomberg reports. The downside includes insufficient and ill-timed government aid and different parts of the world striving to secure supplies while championing domestic…

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Strategists Cut Targets For European Equity Markets Amid Increasing Risks: Bloomberg

Strategists are slashing their targets for European equity markets, with the region's benchmark now seen e

Benzinga

CNBC's Final Trades: SM Energy, Twilio, iShares US Oil & Gas And This Healthcare Major

On CNBC’s “Halftime Report Final Trades,” Jon Najarian said he had bought shares of SM Energy Co (NYSE: SM) at $35.50. “A lot of Texas exposure here. Proven reserves,” he added.

Benzinga

Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees

Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business…

Benzinga

GameStop Chairman Ryan Cohen Says Government Crackdowns On Short Sellers Would Be A Good Use Of Taxpayer Money

GameStop Corp. (NYSE: GME) chairman and Chewy Inc. (NYSE: CHWY) co-founder Ryan Cohen said that the government should crack down on hedge fund short sellers to make good

Benzinga

Pfizer-BioNTech Seek FDA Approval For Second COVID-19 Booster In Elderly Population

Pfizer Inc (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) filed an application with the

Benzinga

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A Peek Into The Markets: US Stock Futures Gain; All Eyes On Fed Decision

Pre-open movers

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Earnings Scheduled For March 16, 2022

Companies Reporting Before The Bell • Ideanomics (NASDAQ:IDEX) is likely to report quarterly loss at $0.05 per share on revenue of $33.20 million.

Benzinga

68 Biggest Movers From Yesterday

Gainers Sonim Technologies, Inc. (NASDAQ: SONM) shares jumped 103.3% to settle at $1.22 on Tuesday after the company announced its XP8 smartphone has integrated with the Walkie Talkie in Microsoft Teams.

Benzinga

5 Stocks To Watch For March 16, 2022

Some of the stocks that may grab investor focus today are:

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Benzinga

Volkswagen CEO Herbert Diess Says China's Nio And Xpeng Are 'Very Serious Competitors'

Volkswagen Group (OTC: VWAGY) considers China-based electric vehicle makers Nio Inc (NYSE: NIO) and Xpeng Inc (NYSE:

Benzinga

Are Twitter Downvotes The Most Exciting Thing Since The Original iPhone? Elon Musk Agrees

A new Twitter Inc (NYSE: TWTR) feature that will let users downvote tweets and replies has become a topic of high interest among the platform’s most influential users.

Benzinga

GM's Cadillac Lyriq EV Reportedly Draws Over 200K Expressions Of Interest: Here's When Orders Are Set To Open

General Motors Co (NYSE: GM)’s electric crossover Cadillac Lyriq has drawn 233,000 expressions of interest from buyers, Reuters

Benzinga

Warren Buffett-Backed Chinese EV Maker Follows Tesla In Hiking Prices As Material Costs Pinch

Chinese electric vehicle maker BYD Co (OTC: BYDDY) has raised prices of its cars by up to $950, Reuters reported on Wedne

Benzinga

Cathie Wood Buys More Shares In This Chinese Rival Of Tesla Backed By Warren Buffett

Cathie Wood-led Ark Investment Management on Tuesday bought 11,143 shares in BYDCo (OTC: BYDDY), estimated to be worth $498,760 based on their last closing price, further raising its bets on the Chinese automaker that is quickly switching to making n

Benzinga

A Look At Hycroft Mining Option Alerts Following AMC Investment

AMC Entertainment Inc (NYSE: AMC) CEO Adam Aron announced Tuesday morning a $56-million investment in Hycroft Mi

Benzinga

11 Stocks To Watch For March Madness: AT&T, Sports Betting And Genius Sports

The 2022 NCAA Men’s Basketball Tournament kicks off March 15 with a series of play-in games to narrow down the field from 68 teams to 64 which will compete in a multi-week tournament to crown a champion. Here are some companies that could benefit from March Madness.

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