에 대한 최신 뉴스 Brinker International (NYSE:EAT) 주식

Brinker International

Brinker International Inc operates casual dining restaurants under the brand's Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts. The company generates maximum revenue from Chili's segment.

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수요일 미국 주식 선물은 혼조의 움직임을 보이며, 오늘 투자자들의 관심을 끌 가능성이 있는 주식은 다음과 같다: 월스트리트는 블링커 인터내셔널(NYSE:EAT)가 개장 전 매출 11억 6천만 달러, 주당 1.65달러의 분기 이익을 보고할 것으로 예상하고 있다. 브링커 주가는 시간외 거래에서 0.1% 하락한 70.35달러를 기록했다.

수요일 주목해야 할 주식: 블링커 인터내셔널, 시스코 그리고 3종목

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지난 4월부터 캘리포니아 주 내 패스트푸드 직원들은 최저 시급 20달러를 받게 되었다. 이번 달 초부터 시행된 새 법률 덕분에 미국 전역에 60개 이상의 매장을 보유한 캘리포니아의 패스트푸드 체인점들은 그들의 직원들에게 더 많은 임금을 지급해야 한다. 작은 규모의 패스트푸드 점포들은 여전히 시간당 16달러의 주 최저임금을 적용받는다.

캘리포니아 주의 대형 패스트푸드 체인점들의 핫 이슈: 최저 시급 20달러

Brinker International Inc

Eat & Beyond Global Holdings Inc Ordinary Shares

EAT & BEYOND GLOBAL HLD by EAT & BEYOND GLOBAL HLDGS INC.

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EASTERN ASTERIA INC by Eastern Asteria, Inc.

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Argus Research analyst Bill Selesky downgrades Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) from Buy to Hold.

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Argus Research Downgrades Brinker International to Hold

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Shares of restaurant companies are trading higher following the Fed's rate cut, which could boost industry traffic through an increase in consumer discretionary incomes.

<ul>
<li>DJT</li>
<li>WAY</li>
<li>NVDA</li>
<li>MADE</li>
<li>EAT</li>
<li>TSLA</li>
<li>LOT</li>
<li>QQQ</li>
<li>AI</li>
<li>LUNR</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
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Top 10 Trending Stocks On WallStreetBets As Of September 11, 2024 (Via Swaggy Stocks)

B of A Securities analyst Katherine Griffin maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Underperform and raises the price target from $58 to $63.

Price Target

B of A Securities Maintains Underperform on Brinker International, Raises Price Target to $63

Brinker International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eat#NYSE">EAT</a>)&nbsp;shares were down over -14% this morning after posting mixed results for its fiscal fourth quarter. Still, Brinker&#39;s stock is sitting on +60% gains this year as the operator of Chili&#39;s Bar &amp; Grill and Maggiano&#39;s Little Italy.
Considering its stellar year-to-date performance, investors may be wondering if the post-earnings dip is a buying opportunity. To that point, Brinker has vastly outperformed the broader indexes and the Zacks Retail-Restaurants Market including two of its top industry peers in El Pollo Loco (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/loco#NASDAQ">LOCO</a>)&nbsp;and Texas Roadhouse (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>).
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c7/74374.jpg?v=808599219" />
Image Source: Zacks Investment Research
Brinker&#39;s Q4 Results
Brinker&#39;s Q4 sales came in at $1.2 billion, rising 12% year over year and surpassing estimates of $1.15 billion by 4%. However, Q4 EPS of $1.61 missed expectations of $1.65 per share by -2% despite spiking 15% from the comparative quarter. Brinker had previously exceeded earnings expectations for seven consecutive quarters and has posted an astonishing average EPS surprise of 211.01% in last four quarterly reports.
Increased menu pricing at Chili&#39;s was a key driver to Brinker&#39;s performance with the company stating it continued to outperform the industry in both sales and traffic. Overall, Brinker&#39;s total sales increased 7% in fiscal 2024 to $4.41 billion with EPS soaring 45% to $4.10 compared to $2.83 per share in FY23.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/3e/74365.jpg?v=821203399" />
Image Source: Zacks Investment Research
Favorable Guidance&nbsp;
Going into FY25, Brinker expects total sales to be in the range of $4.55-$4.62 billion which came in above the current Zacks Consensus of $4.51 billion or 3% growth. Brinker guided EPS in the range of $4.35-$4.75 with the high end of its target falling in line with estimates of $4.73 per share or 13% growth.
Brinker&#39;s Attractive Valuation
Trading around $60, Brinker&#39;s stock is at a 14.8X forward earnings multiple which is an attractive discount to the S&amp;P 500&quot;s 22.9X. Furthermore, EAT trades well below its Zacks Retail-Restaurants Industry average of 25X forward earnings with Texas Roadhouse at 26.9X and El Pollo Loco at 15.7X.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/7e/74366.jpg?v=57111082" />
Image Source: Zacks Investment Research
Takeaway
For now, Brinker&#39;s stock sports a Zacks Rank #1 (Strong Buy). The post-earnings dip may very well be a buying opportunity given Brinker&#39;s attractive valuation and compelling growth. That said, retaining this strong buy rating will likely depend on the trend of earnings estimate revisions in the coming weeks following its Q4 report.
<a href="https://www.zacks.com/stock/news/2322298/time-to-buy-the-selloff-in-brinker-international-s-eat-stock-after-earnings?cid=CS-BENZ-FT-stocks_in_the_news-2322298">To read this article on Zacks.com click here.</a>

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Time to Buy the Selloff in Brinker International's Stock After Earnings?

Keybanc analyst Eric Gonzalez upgrades Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) from Sector Weight to Overweight and announces $72 price target.

Upgrades

Keybanc Upgrades Brinker International to Overweight, Announces $72 Price Target

Brinker International shares are trading higher after multiple firms raised their respective price targets on the stock.

Wells Fargo analyst Jon Tower maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Underweight and raises the price target from $45 to $50.

Wells Fargo Maintains Underweight on Brinker International, Raises Price Target to $50

Barclays analyst Jeffrey Bernstein maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Equal-Weight and raises the price target from $53 to $66.

Barclays Maintains Equal-Weight on Brinker International, Raises Price Target to $66

Evercore ISI Group analyst David Palmer maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a In-Line and raises the price target from $65 to $69.

Evercore ISI Group Maintains In-Line on Brinker International, Raises Price Target to $69

BMO Capital analyst Andrew Strelzik maintains Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Outperform and lowers the price target from $85 to $80.

BMO Capital Maintains Outperform on Brinker International, Lowers Price Target to $80

Wedbush analyst Nick Setyan reiterates Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) with a Neutral and maintains $68 price target.

Reiteration

Wedbush Reiterates Neutral on Brinker International, Maintains $68 Price Target

The July consumer inflation report released Wednesday confirmed a continued cooling trend in price increases across the economy, with the headline Consumer Price Index (CPI) coming in at 2.9% year-over-year, slightly below both the <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40365730/july-inflation-rate-falls-more-than-expected-supports-hopes-for-large-fed-rate-cu">previous and expected 3%. </a>
Core inflation, which excludes food and energy, also saw a modest decline from 3.3% to 3.2% year-over-year, aligning with economists&#8217; forecasts.
For investors, this signals that the Federal Reserve may have the green light to cut interest rates in September. However, the odds of a 25 basis point hike are slightly higher than those of a 50 basis point cut.
Wall Street had a mixed response to the data. Major indices initially rose around 10 a.m. E.T. before flattening out by midday trading in New York.
Both S&amp;P 500 and Nasdaq 100 are striving to secure their fifth consecutive sessions in the green.
Financial stocks outperformed among the 11 sectors of the S&amp;P 500. The biggest laggards were communication services, weighed down by a decline in Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), and consumer discretionary, dragged by Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Starbucks Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>).
Long-dated Treasury yields fell by 4 basis points, boosting the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) by 0.6%.
The U.S. dollar index, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), remained steady, while gold eased by 1%.
Oil prices, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), declined by 1.1%, marking the second consecutive session of losses.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped 2.4% to $59,100.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major US 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>
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<td>Dow Jones</td>
<td>39,894.49</td>
<td>0.3%</td>
</tr>
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<td>S&amp;P 500</td>
<td>5,442.32</td>
<td>0.1%</td>
</tr>
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<td>Nasdaq 100</td>
<td>18,967.78</td>
<td>-0.2%</td>
</tr>
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<td>Russell 2000</td>
<td>2,081.22</td>
<td>-0.8%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<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;was 0.1% higher to $542.64.</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;rose 0.4% to $399.25.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.1% to $461.91.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 0.9% to $206.01.</li>
<li>The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up by 0.8%. The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down by 0.8%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) surged 7.7% after the company announced it would be acquired by Mars in an all-cash deal valued at $35.9 billion.</li>
<li>Alphabet Inc. fell nearly 3% after reports that the U.S. Department of Justice may break up Google following a recent ruling that it monopolized the online search market.</li>
<li>Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) jumped over 4% after reporting that total client assets reached $9.572 trillion in July, up 16% year-over-year and 2% from June, with core net new assets surging 112% to $29 billion compared to July 2023.</li>
<li>Other financial stocks marking strong gains on Wednesday included The Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), The Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) up 5%, 4.8% and 3.2%, respectively.</li>
<li>Stocks moving on earnings report were Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>), up 4%, Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>), down 14% and Performance Food Group Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) up 8%. </li>
<li>Those reporting after the close include Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>).</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40370641/mortgage-applications-rocket-by-16-8-notch-strongest-weekly-increase-in-1-5-years-homebuyers-too">Mortgage Applications Rocket By 16.8%, Notch Strongest Weekly Increase In 1.5 Years: &#8216;Homebuyers Took The Opportunity To Refinance&#8217;</a></li>
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This photo was created using artificial intelligence MidJourney.

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Select Sector SPDR-Consumer Discretionary

Wall Street Battles For Fifth Day Of Gains As Inflation Cools, Gives Green Light To Rate Cuts; Financials Outperform: What's Driving Markets Wednesday?

U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Wednesday.
Shares of Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected second-quarter sales results and issued weak<a href="https://www.benzinga.com/wiim/24/08/40363603/ouster-shares-are-trading-lower-after-the-company-reported-worse-than-expected-q2-sales-results-and"> third-quarter revenue guidance.</a>
Ouster reported quarterly losses of 53 cents per share, which beat the analyst consensus estimate for a loss of 61 cents per share. Quarterly sales came in at $26.99 million which missed the analyst consensus estimate of $27.03 million.
Ouster shares dipped 16.9% to $9.04 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) shares dipped 15.7% to $59.35 after the company reported worse-than-expected fourth-quarter adjusted EPS results and issued FY25 adjusted EPS guidance below estimates.</li>
<li>Acelyrin, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRN#NASDAQ">SLRN</a>) shares fell 11.3% to $4.22 after the company reported worse-than-expected second-quarter EPS results.</li>
<li>CI&amp;T Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINT#NASDAQ">CINT</a>) fell 10% to $6.00 pre-market trading after gaining over 6% on Tuesday.</li>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares declined 7.5% to $3.71. iLearningEngines shares jumped 31% on Tuesday after the company reported better-than-expected second-quarter sales results.</li>
<li>CompoSecure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>) shares fell 5.6% to $10.37 in pre-market trading. CompoSecure, last week, reported better-than-expected second-quarter financial results</li>
<li>NetEase, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) shares declined 2.9% to $86.99 in pre-market trading.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/08/40362640/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-stocks-with-over-3-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Dividend Yields</a></li>
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Movers

AILE

CINT

CMPO

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SLRN

Ouster Reports Weak Sales, Joins Brinker International And Other Big Stocks Moving Lower In Wednesday Pre-Market Session

VSCO: 22% &#x7C; <a href="https://www.benzinga.com//node/40363466">Victorias Secret &amp; Co. shares are trading higher after the company announced a new CEO and reported strong preliminary Q2 financial results.</a>
&nbsp;
EAT: -16% &#x7C; <a href="https://www.benzinga.com//node/40363101">Brinker International shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results and issued FY25 adjusted EPS guidance below estimates.</a>
&nbsp;
DGLY: 120% &#x7C; <a href="https://www.benzinga.com//node/40350892">Digital Ally shares are trading higher after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.</a>

DGLY

VSCO

Market-Moving News for August 14th

Brinker International, Inc.&nbsp; (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) shares are trading lower after&nbsp;the company&nbsp;reported fiscal fourth-quarter 2024 results. Total revenue increased 12.3% year-on-year to $1.21 billion, beating the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40361636/brinker-international-reports-fourth-quarter-of-fiscal-2024-results-and-provides-fiscal-2025-guida" rel="noreferrer noopener">analyst consensus estimate of $1.16 billion</a>.
Adjusted EPS of $1.61&nbsp;missed the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $1.65</a>.
Comparable restaurant sales rose 13.5% for Brinker, 14.8% for Chili&#8217;s, and 2.5% for Maggiano&#8217;s.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38964678/brinker-international-stock-climbs-38-over-past-month-analyst-turns-bullish-despite" rel="noreferrer noopener">Brinker International Stock Climbs 38% Over Past Month, Analyst Turns Bullish Despite Outperformance</a>
The comparable restaurant sales increase at Chili&#8217;s was primarily due to increased menu pricing and higher traffic. The launch of the &#8220;Big Smasher&#8221; burger and the strength of Chili&#8217;s advertising highlighting value drove traffic during the quarter.
The adjusted operating margin expanded 180 basis points to 15.2%, and adjusted operating income for the quarter rose 27.7% to $182.1 million, driven by higher sales. Adjusted EBITDA of $141.8 million rose 23.8% Y/Y.
The company held $64.6 million in cash and equivalents as of June 26, 2024. Net cash provided by operating activities for twelve months totaled $421.9 million.
CEO Kevin Hochman: &#8220;With significantly increased traffic at Chili&#8217;s and many guests trying Chili&#8217;s for the first time, we quickly accelerated investments in labor and the facilities to ensure a great experience.&#8221;
Outlook: Brinker expects fiscal 2025 adjusted EPS of $4.35-$4.75 against the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">analyst estimate of $4.78</a>.
Brinker expects fiscal 2025 revenue of $4.55 billion-$4.62 billion against a consensus estimate of $4.53 billion.
Brinker International stock gained 92% in the last 12 months.
Price Action: EAT traded lower by 15.3% at $59.62 premarket at the last check Wednesday.

Chili's Traffic Boom Powers Brinker's FY25 Revenue Outlook, But EPS Miss Raises Caution Flags

Brinker International shares are trading lower after the company reported worse-than-expected Q4 adjusted EPS results and issued FY25 adjusted EPS guidance below estimates.

The major index futures are pointing to a nervous start ahead of the <a href="https://www.benzinga.com/etfs/sector-etfs/24/08/40323092/feds-interest-rate-decision-will-incoming-july-inflation-data-tip-the-scale">consumer price inflation report </a>that is due at 8:30 a.m. EDT. Bond yields are slipping ahead of the inflation data. If the report confirms a continued let-up in pricing pressure, the Federal Reserve may be forced to cut rates. Economists and strategists expect Fed Chair Jerome Powell to render more clarity on the rate outlook at the Jackson Hole symposium scheduled for later this month.
Atlanta Federal Reserve President Raphael Bostic, however, suggested he would want to see more evidence before the rate could be taken down from its 22-year high. 
Hon Hai Precision Industry Co. Ltd.&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HNHPF#OTC">HNHPF</a>) commentary about strong AI server demand could lend support to Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and other AI-levered tech stocks. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.07%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.05%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.01%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.44%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up 0.06% to $542.34, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.05% to $462.81, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session: 
Stocks raced out of the gate on Tuesday after a tamer-than-expected producer price inflation report perked up risk appetite. The VIX at one point in time pulled back below the 18 level. All three major averages opened higher and advanced further over the course of trading before ending notably higher. The tech-heavy Nasdaq Composite and the S&amp;P 500 indices closed at their highest levels since Aug. 1. In the process, the S&amp;P 500 posted the biggest four-day rally for the year. 
Technical analyst and CNBC contributor Frank Cappelleri noted that the S&amp;P 500 has advanced 4.8% over six sessions, the best six-day gain since the 6% rise between Oct. 30, 2023 and Nov. 6, 2023.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a> The 6-day advance now is +4.8%. That&#39;s the best since the 6-day gain of +6.0% from 10/30-11/6/23. The index is now challenging its 50-DMA and a key downtrend line… …which ALSO is similar to early Nov'23. <a href="https://t.co/mTvo9TBu7H">pic.twitter.com/mTvo9TBu7H</a>
&mdash; Frank Cappelleri (@FrankCappelleri) <a href="https://twitter.com/FrankCappelleri/status/1823474564686627315?ref_src=twsrc%5Etfw">August 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<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>+2.43%</td>
<td>17,187.61</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+1.68%</td>
<td>5,434.43</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+1.04%</td>
<td>39,765.64</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.61%</td>
<td>2,095.19</td>
</tr>
</tbody>
</table>
</figure>
 Insights From Analysts:
Commenting on the market recovery post-Monday&#8217;s meltdown, fund manager Louis Navellier said, &#8220;Barring any major geopolitical surprises, it appears likely that the recovery from the recent correction will continue, though with caution rather than the strong melt-ups we&#8217;ve seen this year.&#8221;
&#8220;The NVIDIA earnings on Aug. 28 will be pivotal to a full recovery,&#8221; he said.  
Upcoming Economic Data:
The July consumer price inflation report is the lone piece of first-tier data due on Wednesday. Here&#8217;s how the expectations compare to the prior periods:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Consensus</td>
<td>June Performance</td>
</tr>
<tr>
<td>Consumer Prices (M-o-M)</td>
<td>+0.2%</td>
<td>-0.1%</td>
</tr>
<tr>
<td>Consumer Prices (Y-o-Y)</td>
<td>+3.0%</td>
<td>+3.0%</td>
</tr>
<tr>
<td>Core consumer prices (M-o-M)</td>
<td>+0.2%</td>
<td>+0.1%</td>
</tr>
<tr>
<td>Core consumer prices (Y-o-Y)</td>
<td>+3.2%</td>
<td></td>
</tr>
</tbody>
</table>
</figure>
The Energy Information Administration will release its weekly petroleum status report at 10:30 a.m. EDT.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Peloton Interactive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) climbed nearly 7% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the company announced a content partnership with Alphabet, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Fitbit.</li>
<li>Kellanova (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/K#NASDAQ">K</a>) rose about 6.50% after the Wall Street Journal reported Mars, Inc. is nearing a deal to buy the former.</li>
<li>Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>), Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) and Performance Food Group Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting earnings ahead of the market open.</a></li>
<li>Those reporting after the close include Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) and Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures edged down, signaling that the black gold may extend the 2%+ drop seen in the previous session, and gold futures rose modestly. The 10-year Treasury- note yield slipped 1.7 basis points to 3.837%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continued its climb and traded above the $61K level.
The Asian markets advanced, as traders cheered Wall Street&#8217;s buoyant performance overnight and began to price in a Fed rate cut. The Chinese and Hong Kong markets, however, bucked the uptrend. European stocks were modestly higher in early trading, with UBS AG&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) lending support to financial stocks.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40359306/kevin-oleary-calls-kamala-harris-show-me-story-elon-musk-modern-day-bruce-wayne-shark-tank-star-disc">Kevin O&#8217;Leary Calls Kamala Harris&#8217; &#8216;Show-Me&#8217; Story, Elon Musk &#8216;Modern Day Bruce Wayne:&#8217; &#8216;Shark Tank&#8217; Star Discusses Inflation And Market Opportunity</a></li>
</ul>
Image Via Shutterstock

Futures

Previews

Federal Reserve

HNHPF

PTON

Wall Street Set For Subdued Start As Traders Await All-Important Inflation Data, Bitcoin Tops $61K: Fund Manager Flags This Event As Pivotal To Near-term Market Recovery

<ul>
<li>Total revenues are expected to be in the range of&nbsp;$4.55 billion&nbsp;-&nbsp;$4.62 billion;</li>
<li>Net income per diluted share, excluding special items, non-GAAP, is expected to be in the range of&nbsp;$4.35&nbsp;-&nbsp;$4.75;</li>
<li>Weighted average shares are expected to be in the range of 45 million - 47 million; and</li>
<li>Capital expenditures are expected to be in the range of&nbsp;$195 million&nbsp;-&nbsp;$215 million.</li>
</ul>

Brinker International Sees FY25 Revenues Of $4.55B-$4.62B Vs. $4.53B Estimate; Projects Adjusted EPS Of $4.35-$4.75 Vs. $4.78 Estimate

Brinker International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) reported quarterly earnings of $1.61 per share which beat the analyst consensus estimate of $1.56 by 3.21 percent. This is a 15.83 percent increase over earnings of $1.39 per share from the same period last year. The company reported quarterly sales of $1.21 billion which beat the analyst consensus estimate of $1.15 billion by 5.04 percent. This is a 12.27 percent increase over sales of $1.08 billion the same period last year.

Earnings Beats

Brinker International Q4 Adj $1.61 Misses $1.65 Estimate, Sales $1.21B Beat $1.15B Estimate

Darden Restaurants: Olive Garden May Surprise Positively

State of the consumer: Airbnb, Wayfair, and Stitch Fix leads gains in the retail sector

Brinker International (EAT) stock is showing signs of a classic volatility contraction pattern (VCP) setup that could lead to a strong breakout.

Brinker International (EAT) Stock: A Classic Volatility Contraction Pattern (VCP)?

Brinker International: 'The Year Of Traffic' For Chili's

Darden Restaurants: Partnership With Uber Could Bring Incremental Sales

The Cheesecake Factory: The Different Ways To Create Value

Texas Roadhouse: The Big Winner Of The 'Battle Of The Steakhouses'

Brinker downgraded by Argus on valuation concern

The most crowded Restaurant stocks – UBS

Potbelly: Value Levers Seem To Be Paying Off

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Press Releases

Maggiano's Little Italy® Celebrates Mom with Specialty Menus and Fresh May Features

Brinker International Promotes Jeremy Linker to SVP, Brand Finance

Entertainment

Chili's® Big Smasher BurgerTime Video Game Levels Up Fast-Food Face-Off with the Chance to Win Free Burgers for Life*

Brinker International Appoints Technology Expert Frank Liberio to Board of Directors

Maggiano's Introduces its Next Era of Classic Italian American Dining

BRINKER INTERNATIONAL, INC. TO HOST FOURTH QUARTER FISCAL 2024 EARNINGS CALL

BRINKER INTERNATIONAL REPORTS FOURTH QUARTER OF FISCAL 2024 RESULTS AND PROVIDES FISCAL 2025 GUIDANCE

Chili's Create-A-Pepper Program Returns, Celebrating 22 Years of Partnership with St. Jude Children's Research Hospital®

Chili's® Fires at Fast Food Again with Irresistible 3 For Lunch Combos

Maggiano's Taps Michelin-Starred Chef to Elevate Menu with Inspiring New Dishes and Flavors

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수요일, 8월 14, 2024

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