AMC Networks (NASDAQ:AMCX) 주식

AMC Networks

AMC Networks owns several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network, reached 60 million pay-TV households in the US at the end of 2024. The firm also had nearly 12.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue.

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금요일 아침 (현지 시간 기준) 미국 주식 선물이 상승하면서 오늘 투자자의 관심을 끌 수 있는 일부 주식은 다음과 같다:  월스트리트는 에코스타 코퍼레이션(NASDAQ:SATS)이 개장 전에 39억 8천만 달러의 매출과 주당 25센트의 분기 손실을 보고할 것으로 예상하고 있다. 에코스타의 주가는 시간외 거래에서 0.4% 하락한 20.00달러를 기록했다.

금요일 주목해야 할 주식: 테이크투 인터랙티브, 에코스타, 닥시미티 그리고 2종목

AMC Networks Inc

Morgan Stanley analyst Thomas Yeh maintains AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) with a Underweight and lowers the price target from $9 to $8.

Price Target

Analyst Ratings

Morgan Stanley Maintains Underweight on AMC Networks, Lowers Price Target to $8

JP Morgan analyst Alexia Quadrani maintains AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) with a Underweight and lowers the price target from $9 to $8.

JP Morgan Maintains Underweight on AMC Networks, Lowers Price Target to $8

WIIM

AMC Networks shares are trading lower after the company reported worse-than-expected Q4 financial results.

AMC Networks Inc&nbsp;(NASDAQ:&nbsp;AMCX)&nbsp;reported a fiscal fourth-quarter 2024 revenue decline of 11.7% year over year to $599.31 million, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43725510/amc-networks-inc-reports-fourth-quarter-and-full-year-2024-results" rel="noreferrer noopener">analyst consensus estimate of $609.44 million</a>.
The American entertainment company&#8217;s adjusted EPS of 64 cents fell 11.1% year-over-year, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of 72 cents</a>.&nbsp;
Domestic Operations:&nbsp;Affiliate revenue decreased 13% due to&nbsp;basic&nbsp;subscriber declines.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43705227/zebra-tech-q4-earnings-revenue-surges-32-ceo-cites-strong-retail-demand" rel="noreferrer noopener">Zebra Tech Q4 Earnings: Revenue Surges 32%, CEO Cites Strong Retail Demand</a>
Advertising revenues decreased 12% year over year to $139 million due to anticipated linear ratings declines and a challenging ad market.&nbsp;Content licensing revenues decreased 30% to $67 million due to the availability of deliveries.
Despite these setbacks, AMC Networks reported that streaming subscribers increased by 8% to 12.4 million compared&nbsp;to 11.4 million subscribers as of December 31, 2023.
Streaming revenues of $156 million increased by 8%, primarily driven by year-over-year streaming subscriber growth and price increases.
The consolidated adjusted operating income increased 23% to $152 million, with free cash flow at $37.6 million.
The company recognized impairment charges of $268.7 million related to the Domestic Operations reporting unit and $34.0 million related to the AMCNI reporting unit, in addition to an impairment charge of $68.0 million related to the AMCNI reporting unit as a result of an interim goodwill impairment test in the second quarter of 2024.
Guidance: AMC Networks increased its <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">free cash flow guidance</a> to approximately $550 million of cumulative free cash flow over the fiscal 2024 and 2025 two-year period, up from a <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41844962/amc-networks-q3-earnings-streaming-subscriber-growth-shines-amid-ad-revenue-dip-bolstered-by-netflix-amazon-partnerships" rel="noreferrer noopener">prior outlook of $500 million</a>.&nbsp;
AMC Networks stock plunged over 29% in the last 12 months.
Price Action: At the last check on Friday, AMC Networks stock was up 6.71% to $10.50 premarket.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/25/02/43694460/datadog-q4-earnings-margins-shrink-outlook-lags-expectations" target="_blank" rel="noreferrer noopener">Datadog Q4 Earnings: Margins Shrink, Outlook Lags Expectations</a></li>
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Guidance

Movers

Tech

AMC Networks Q4 Earnings: Streaming Revenue And Subscriber Growth Cushions Revenue Decline

General

AMC Networks shares are trading higher after the company raised its FY25 and FY24 free cash flow outlook.

AMC Networks Chief Executive Officer Kristin Dolan said: "We are pleased and encouraged by our results in the fourth quarter and across all of 2024. We achieved our full-year guidance across all key financial metrics, including generating healthy free cash flow of $331 million. Our free cash flow performance to date has been strong and we are increasing our expectations to approximately $550 million of cumulative free cash flow over the '24/'25 two-year period.&nbsp;

AMC Networks Increased Its Free Cash Flow Guidance to Approximately $550M of Cumulative Free Cash Flow Over the FY24 and FY25 Two-year Period, Up From a Prior Outlook of $500M

Earnings Misses

AMC Networks Q4 2024 Adj. EPS $0.64 Misses $0.96 Estimate, Sales $599.305M Miss $609.438M Estimate

<h3>Companies Reporting Before The Bell</h3>
• American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) is likely to report quarterly loss at $0.16 per share on revenue of $1.39 billion. 
• Newmark Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMRK#NASDAQ">NMRK</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $790.76 million. 
• Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $4.78 billion. 
• Treehouse Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THS#NYSE">THS</a>) is projected to report quarterly earnings at $0.97 per share on revenue of $907.90 million. 
• Moderna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) is expected to report quarterly loss at $2.72 per share on revenue of $951.09 million. 
• TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $2.43 billion. 
• Essent Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESNT#NYSE">ESNT</a>) is estimated to report quarterly earnings at $1.65 per share on revenue of $313.88 million. 
• Fortis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTS#NYSE">FTS</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $2.08 billion. 
• MISTRAS Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MG#NYSE">MG</a>) is estimated to report quarterly earnings at $1.52 per share on revenue of $10.32 billion. 
• Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) is likely to report quarterly earnings at $1.52 per share on revenue of $10.32 billion. 
• Marcus &amp; Millichap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMI#NYSE">MMI</a>) is estimated to report quarterly loss at $0.02 per share on revenue of $199.80 million. 
• AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $611.26 million. 
• Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) is likely to report earnings for its third quarter. 
• BGC Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGC#NASDAQ">BGC</a>) is likely to report quarterly earnings at $0.25 per share on revenue of $570.00 million. 
• Portland Gen Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $663.32 million. 
• Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) is expected to report quarterly earnings at $0.64 per share on revenue of $375.10 million. 
<h3>Companies Reporting After The Bell</h3>
• Clipper Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLPR#NYSE">CLPR</a>) is likely to report quarterly earnings at $0.14 per share on revenue of $38.70 million. 
• SolarBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUUN#NASDAQ">SUUN</a>) is expected to report quarterly loss at $0.01 per share on revenue of $16.44 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For February 14, 2025

Morgan Stanley analyst Thomas Yeh maintains AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) with a Underweight and lowers the price target from $10 to $9.

Morgan Stanley Maintains Underweight on AMC Networks, Lowers Price Target to $9

<h3>Gainers</h3>
<ul>
<li>CarGurus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARG#NASDAQ">CARG</a>) stock rose 13.9% to $38.0 during Friday's pre-market session. The market value of their outstanding shares is at $3.9 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Webtoon Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBTN#NASDAQ">WBTN</a>) shares increased by 11.33% to $13.06. The company's market cap stands at $1.6 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Kuke Music Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NYSE">KUKE</a>) shares rose 11.11% to $0.46. The market value of their outstanding shares is at $18.1 million. </li>
<li>Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) shares increased by 9.89% to $8.33. The company's market cap stands at $830.2 million. The company's, Q3 earnings came out today. </li>
<li>AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) stock rose 8.98% to $9.1. The market value of their outstanding shares is at $401.2 million. As per the news, the Q3 earnings report came out today. </li>
<li>Lytus Technologies Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYT#NASDAQ">LYT</a>) shares moved upwards by 7.87% to $1.78. The market value of their outstanding shares is at $3.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) shares fell 16.2% to $4.85 during Friday's pre-market session. The company's market cap stands at $483.3 million. The company's, Q3 earnings came out today. </li>
<li>Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) stock declined by 13.95% to $29.2. The company's market cap stands at $20.0 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) stock declined by 12.71% to $115.69. The market value of their outstanding shares is at $56.8 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) stock fell 12.32% to $1.21. The market value of their outstanding shares is at $16.3 million. </li>
<li>DoubleDown Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDI#NASDAQ">DDI</a>) stock declined by 7.19% to $14.85. The company's market cap stands at $735.8 million. </li>
<li>Nextdoor Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIND#NYSE">KIND</a>) shares decreased by 7.05% to $2.64. The market value of their outstanding shares is at $1.0 billion. As per the news, the Q3 earnings report came out 2 days ago. 
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Friday's Pre-Market Session

AMC Networks Inc&nbsp;(NASDAQ: AMCX)&nbsp;reported a fiscal third-quarter 2024 revenue decline of 5.9% year over year to $599.6 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41842840/amc-networks-inc-reports-third-quarter-2024-results" rel="noreferrer noopener">analyst consensus estimate of $587.6 million</a>.
The American entertainment company's adjusted EPS of 91 cents fell 50.8% yearly, beating the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">analyst consensus estimate of 62 cents</a>. 
Domestic Operations:&nbsp;Affiliate revenue decreased 13% to $164 million due to&nbsp;basic&nbsp;subscriber declines.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/11/41780782/why-is-iron-mountain-stock-plunging-on-wednesday" target="_blank" rel="noreferrer noopener">Why Is Iron Mountain Stock Plunging On Wednesday?</a>
<ul>
<li>Advertising revenues decreased 10% Y/Y to $133 million due to anticipated linear ratings declines and a challenging ad market.&nbsp;</li>
<li>Content licensing revenues increased 31% to $81 million due to the availability of deliveries.</li>
<li>Despite these setbacks, AMC Networks reported that streaming subscribers increased by 5% to 11.8 million compared to 11.1 million subscribers as of Sept. 30, 2023.</li>
<li>Streaming revenues of $152 million increased by 7%, primarily driven by year-over-year streaming subscriber growth and price increases.</li>
<li>The consolidated adjusted operating income decreased 19% to $150 million, with free cash flow at $53.94 million.</li>
</ul>
CEO Kristin Dolan emphasized the company's focus on critical strategic pillars: programming, partnerships, and profitability. 
Dolan noted significant progress in all three areas during the quarter. 
Year-to-date, the company has generated $293 million in free cash flow, moving steadily toward its goal of around $500 million in cumulative free cash over two years. 
Dolan also highlighted new and expanded partnerships with significant players like Charter Communications, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>), Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), and Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which are helping drive the company forward while delivering unique, high-quality programming across a growing range of platforms.
Price Action: AMC Networks stock is up 4.79% to $8.75 premarket at the last check on Friday. It plunged close to 57% year-to-date as the company&#8217;s adjusted EPS missed the consensus in the last 3 quarters.
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AMC Networks Q3 Earnings: Streaming Subscriber Growth Shines Amid Ad Revenue Dip Bolstered By Netflix, Amazon Partnerships

AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) reported quarterly earnings of $0.91 per share which beat the analyst consensus estimate of $0.62 by 46.77 percent. The company reported quarterly sales of $600.00 million which beat the analyst consensus estimate of $587.60 million by 2.11 percent. This is a 5.80 percent decrease over sales of $636.95 million the same period last year.

Earnings Beats

AMC Networks Q3 2024 Adj EPS $0.91 Beats $0.62 Estimate, Sales $600.00M Beat $587.60M Estimate

AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) will release its quarterly earnings report on Friday, 2024-11-08. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate AMC Networks to report an earnings per share (EPS) of $0.80.
The market awaits AMC Networks's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.28, which was followed by a 0.0% drop in the share price the next day.
Here's a look at AMC Networks's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.52</td>
<td>1.67</td>
<td>0.89</td>
<td>1.28</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.24</td>
<td>1.16</td>
<td>0.72</td>
<td>1.85</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.0%</td>
<td>-4.0%</td>
<td>-15.0%</td>
<td>14.000000000000002%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730991730_0.png" alt="eps graph" />
<h3>Performance of AMC Networks Shares</h3>
Shares of AMC Networks were trading at $8.39 as of November 06. Over the last 52-week period, shares are down 39.78%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Opinions on AMC Networks</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding AMC Networks.
With 2 analyst ratings, AMC Networks has a consensus rating of Buy. The average one-year price target is $9.5, indicating a potential 13.23% upside.
<h3>Comparing Ratings with Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of and E W Scripps, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>The consensus among analysts is an Buy trajectory for E W Scripps, with an average 1-year price target of $9.0, indicating a potential 7.27% upside.</li>
</ul>
<h3>Summary of Peers Analysis</h3>
The peer analysis summary presents essential metrics for and E W Scripps, unveiling their respective standings within the industry and providing valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>AMC Networks</td>
<td>Buy</td>
<td>-7.76%</td>
<td>$345.21M</td>
<td>-2.74%</td>
</tr>
<tr>
<td>E W Scripps</td>
<td>Buy</td>
<td>14.08%</td>
<td>$328.81M</td>
<td>4.09%</td>
</tr>
</tbody>
</table>

Key Takeaway:
AMC Networks ranks lower in Revenue Growth compared to its peer. It also has lower Gross Profit and Return on Equity.
<h3>Get to Know AMC Networks Better</h3>
AMC Networks owns several linear pay-TV networks, including AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, its most widely distributed network, reached nearly 65 million pay-TV households in the US at the end of 2023. The firm also had nearly 11.5 million US streaming subscribers, with AMC+ as the flagship streaming platform. With both its linear networks and streaming offerings, the firm caters to specific niche audiences. Over the last 15 years, AMC has shifted its focus to original scripted programming from classic movies. It creates content through AMC Studios and also generates revenue from licensing content. Following an international divestiture at the end of 2023, domestic operations make up nearly 90% of total revenue.
<h3>AMC Networks: A Financial Overview</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, AMC Networks faced challenges, resulting in a decline of approximately -7.76% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: AMC Networks's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -4.67%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of -2.74%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): AMC Networks's ROA excels beyond industry benchmarks, reaching -0.6%. This signifies efficient management of assets and strong financial health.
Debt Management: With a below-average debt-to-equity ratio of 2.36, AMC Networks adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/AMCX/earnings">To track all earnings releases for AMC Networks visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Look at AMC Networks's Upcoming Earnings Report

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e983861405d5b0001b0a1bb/samad-samana">Jefferies analyst Samad Samana </a>upgraded Paylocity Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCTY#NASDAQ">PCTY</a>) from Hold to Buy and raised the price target from $145 to $200. Paylocity shares closed at $171.45 on Monday. <a href="https://www.benzinga.com/quote/pcty/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Vikram Bagri upgraded the rating for First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) from Neutral to Buy and raised the price target from $200 to $254. First Solar shares closed at $196.25 on Monday. <a href="https://www.benzinga.com/quote/fslr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b05502b85e93000174c0f1/andrew-kaplowitz">Citigroup analyst Andrew Kaplowitz</a> upgraded Fluor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) from Neutral to Buy and raised the price target from $52 to $65. Fluor shares closed at $53.86 on Monday. <a href="https://www.benzinga.com/quote/flr/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Seaport Global analyst David Joyce upgraded AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) from Neutral to Buy and announced a price target of $11. AMC Networks shares closed at $7.76 on Monday. <a href="https://www.benzinga.com/quote/amcx/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Nasib Ahmed upgraded the rating for Aegon Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEG#NYSE">AEG</a>) from Neutral to Buy. Aegon shares closed at $6.35 on Monday. <a href="https://www.benzinga.com/quote/aeg/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying FSLR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="510" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200-1024x510.png" alt="" class="wp-image-607353" style="width:657px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200-1024x510.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200-768x382.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/22090802/image-200.png 1316w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Upgrades

FSLR

PCTY

This First Solar Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

Seaport Global analyst David Joyce upgrades AMC Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) from Neutral to Buy and announces $11 price target.

Seaport Global Upgrades AMC Networks to Buy, Announces $11 Price Target

Financing

Millennium Management Reports 5.7% Passive Stake In AMC Networks

ROKU

Roku Announces Launch Of AMC+ With Ads As A Premium Subscription On The Roku Channel; Launches Ad-Supported AMC+ Subscription For $4.99/Month, Offering The Same Series And Films As The Ad-Free Version

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 gaining around 1% on Monday.
The Dow traded up 1.08% to 40,781.71 while the NASDAQ rose 0.76% to 16,818.23. The S&amp;P 500 also rose, gaining, 0.95% to 5,459.48.
Check This Out:<a href="https://www.benzinga.com/news/24/09/40770406/top-3-financials-stocks-that-could-blast-off-in-september"> Top 3 Financials Stocks That Could Blast Off In September</a>
Leading and Lagging Sectors Consumer discretionary shares surged by 1.8% on Monday.
In trading on Monday, communication services shares rose by just 0.1%.
Top Headline
U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.
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>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) shares shot up 87% to $5.26 after the company announced it received a Notice of Allowance from the United States Patent and Trademark Office for patent application no. 17/634,141 entitled &#8220;Methods of Surface Functionalization of Zirconia-Toughed Alumina with Silicon Nitride Ceramic.&#8221;</li>
<li>Shares of Intelligent Bio Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBS#NASDAQ">INBS</a>) got a boost, surging 40% to $2.2125 after the company announced preliminary fourth-quarter revenue results of $730K and FY24 revenue of $3.11 million.</li>
<li>Relay Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) shares were also up, gaining 63% to $10.18 after the company reported interim data for its breast cancer treatment.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Edgio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) shares dropped 80% to $1.22. Edgio launched a strategic financial restructuring to facilitate sale and strengthen operations.</li>
<li>Shares of Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) were down 64% to $0.2927 after the company entered into exchange agreements to swap Series A preferred stock and warrants for Series C preferred stock, convertible at $0.45 per share.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) was down, falling 10% to $8.12. CSW Industrials Inc. (NASD: CSWI) will replace AMC Networks in the S&amp;P SmallCap 600.</li>
</ul>
Commodities In commodity news, oil traded up 1.3% to $68.54 while gold traded up 0.2% at $2,529.60.
Silver traded up 1.6% to $28.62 on Monday, while copper rose 1.6% to $4.14.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.82%, Germany's DAX gained 0.77% and France's CAC 40 rose 0.99%. Spain's IBEX 35 Index rose 0.89%, while London's FTSE 100 rose 1.09%.
The BNP Paribas Real Estate Construction PMI in Ireland edged higher to 50.0 in August from 49.9 in July.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index declining 1.42%, China's Shanghai Composite Index falling 1.06% and India's BSE Sensex gaining 0.46%.
Foreign exchange reserves in Singapore declined to SGD 501.3 billion in August compared to SGD 506.4 billion a month ago. The gauge for Japan's service sector rose to 49.0 in August versus 47.5 in the prior month, while the country' economy expanded by 2.9% on an annualized basis during the second quarter.
China&#8217;s annual inflation rate accelerated to 0.6% in August from 0.5% in the prior month, while producer prices fell by 1.8% year-over-year in August.
Economics
<ul>
<li>The Manheim Used Vehicle Value Index rose 1.2% month-over-month in August compared to a 2.8% gain in July.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/earnings/24/09/40771191/oracle-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-a">Oracle Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Equities

Eurozone

Commodities

Intraday Update

CSWI

EGIO

Intelligent Bio Solutions Inc. - Common Stock

INBS

PEGY

RLAY

SINT

Crude Oil Gains Over 1%; Relay Therapeutics Shares Spike Higher

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 200 points on Monday.
The Dow traded up 1.04% to 40,764.12 while the NASDAQ rose 1.31% to 16,908.76. The S&amp;P 500 also rose, gaining, 1.09% to 5,467.56.
Check This Out:<a href="https://www.benzinga.com/news/24/09/40770406/top-3-financials-stocks-that-could-blast-off-in-september"> Top 3 Financials Stocks That Could Blast Off In September</a>
Leading and Lagging Sectors Consumer discretionary shares surged by 1.7% on Monday.
In trading on Monday, utilities shares fell by 0.1%.
Top Headline
U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.
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>Sintx Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SINT#NASDAQ">SINT</a>) shares shot up 100% to $5.63 after the company announced it received a Notice of Allowance from the United States Patent and Trademark Office for patent application no. 17/634,141 entitled &#8220;Methods of Surface Functionalization of Zirconia-Toughed Alumina with Silicon Nitride Ceramic.&#8221;</li>
<li>Shares of Intelligent Bio Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBS#NASDAQ">INBS</a>) got a boost, surging 78% to $2.8150 after the company announced preliminary fourth-quarter revenue results of $730K and FY24 revenue of $3.11 million.</li>
<li>Relay Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RLAY#NASDAQ">RLAY</a>) shares were also up, gaining 45% to $9.06 after the company reported interim data for its breast cancer treatment.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Edgio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) shares dropped 77% to $1.42. Edgio launched a strategic financial restructuring to facilitate sale and strengthen operations.</li>
<li>Shares of Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) were down 63% to $0.2974 after the company entered into exchange agreements to swap Series A preferred stock and warrants for Series C preferred stock, convertible at $0.45 per share.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) was down, falling 10% to $8.09. CSW Industrials Inc. (NASD: CSWI) will replace AMC Networks in the S&amp;P SmallCap 600.</li>
</ul>
Commodities In commodity news, oil traded up 0.5% to $68.01 while gold traded up 0.1% at $2,526.60.
Silver traded up 1.2% to $28.51 on Monday, while copper rose 1.2% to $4.1225.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.79%, Germany's DAX gained 0.72% and France's CAC 40 rose 0.95%. Spain's IBEX 35 Index rose 0.85%, while London's FTSE 100 rose 0.85%.
The BNP Paribas Real Estate Construction PMI in Ireland edged higher to 50.0 in August from 49.9 in July.
Asia Pacific Markets
Asian markets closed mostly lower on Monday, with Japan's Nikkei 225 falling 0.48%, Hong Kong's Hang Seng Index declining 1.42%, China's Shanghai Composite Index falling 1.06% and India's BSE Sensex gaining 0.46%.
Foreign exchange reserves in Singapore declined to SGD 501.3 billion in August compared to SGD 506.4 billion a month ago. The gauge for Japan's service sector rose to 49.0 in August versus 47.5 in the prior month, while the country' economy expanded by 2.9% on an annualized basis during the second quarter.
China&#8217;s annual inflation rate accelerated to 0.6% in August from 0.5% in the prior month, while producer prices fell by 1.8% year-over-year in August.
Economics
<ul>
<li>The Manheim Used Vehicle Value Index rose 1.2% month-over-month in August compared to a 2.8% gain in July.</li>
<li>U.S. wholesale inventories increased by 0.2% month-over-month to $903.5 billion in July compared to a preliminary reading of a 0.3% rise, and versus a revised flat reading a month ago.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40771191/oracle-gears-up-for-q1-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurate-a">Oracle Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Nasdaq Surges Over 1%; US Wholesale Inventories Rise 0.2% In July

AMC Networks shares are trading lower after the company announced they have agreed to an early renewal of their distribution agreement that will allow Charter to carry the portfolio of linear cable networks for multiple years.

Entertainment

Press Releases

AMC NETWORKS AND CHARTER COMMUNICATIONS ANNOUNCE EARLY MULTI-YEAR RENEWAL AGREEMENT FOR DISTRIBUTION OF AMC NETWORKS' LINEAR NETWORKS AND DIRECT-TO-CONSUMER STREAMING SERVICE

Palantir Technologies, Dell Technologies, and Erie Indemnity Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600

AMC Networks to Report Third Quarter 2024 Results

AMC Networks Inc. Reports Third Quarter 2024 Results

AMC Networks to Report Fourth Quarter and Full Year 2024 Results

AMC Networks Inc. Reports Fourth Quarter and Full Year 2024 Results

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AMC Networks Inc. - AMCX

Legal

Kirby McInerney LLP Announces Investigation Against AMC Networks Inc. (AMCX) on Behalf of Investors

AMC ALERT: Bragar Eagel & Squire, P.C. is Investigating AMC Networks Inc. on Behalf of AMC Stockholders and Encourages Investors to Contact the Firm

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