Nasdaq Technology

Monday, February 5, 2024The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (META), Eaton Corporat

Tech stocks were advancing Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.1% and the SPDR S&P Semiconductor ETF (XSD) up 0.9%.

The International Monetary Fund (IMF) has upgraded its global growth forecast for 2024. It now anticipates a 3.1% expansion, marking a 0.2 percentage point increase from its previous projection in October. There is an expected 3.2

Two energy behemoths — Exxon Mobil Corp. XOM and Chevron Corp. CVX — reported mixed fourth-quarter earnings. Both companies beat on the bottom line while missing on the top line. However, both Exxon Mobil and Chevron reported thei

The technology sector is back in the groove and dominating the stock market rally once again this year. The renewed confidence is driven by strong corporate earnings and optimism over artificial intelligence (AI). This has resulte

ON Semiconductor Corp. (ON) reported $2.02 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 4.1%. EPS of $1.25 for the same period compares to $1.32 a year ago.

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 5:

After a weak start to 2024, the S&P 500 has staged a nice comeback, touching new record highs lately. In fact, the benchmark logged the fourth consecutive week of gains. SPDR S&P 500 ETF Trust SPY, the proxy version of the

For the quarter ended December 2023, Air Products and Chemicals (APD) reported revenue of $3 billion, down 5.6% over the same period last year. EPS came in at $2.82, compared to $2.64 in the year-ago quarter.

For the quarter ended December 2023, McDonald's (MCD) reported revenue of $6.41 billion, up 8.1% over the same period last year. EPS came in at $2.95, compared to $2.59 in the year-ago quarter.

For the quarter ended December 2023, Caterpillar (CAT) reported revenue of $17.07 billion, up 2.9% over the same period last year. EPS came in at $5.23, compared to $3.86 in the year-ago quarter.

For the quarter ended December 2023, Estee Lauder (EL) reported revenue of $4.28 billion, down 7.4% over the same period last year. EPS came in at $0.88, compared to $1.54 in the year-ago quarter.

Idexx Laboratories (IDXX) reported $901.6 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 8.8%. EPS of $2.32 for the same period compares to $2.05 a year ago.

Napco (NSSC) reported $47.55 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 12.4%. EPS of $0.34 for the same period compares to $0.23 a year ago.

CNA Financial (CNA) reported $3.1 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 12.9%. EPS of $1.33 for the same period compares to $1.01 a year ago.

Tyson Foods (TSN) reported $13.32 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.4%. EPS of $0.69 for the same period compares to $0.85 a year ago.

For the quarter ended December 2023, Timken (TKR) reported revenue of $1.09 billion, up 0.9% over the same period last year. EPS came in at $1.37, compared to $1.22 in the year-ago quarter.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts ofte

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts ofte

For Immediate ReleaseChicago, IL – February 5, 2024 – Zacks Equity Research shares Phreesia PHR as the Bull of the Day and LCI Industries LCII as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Royal C