Hormel Foods에 대한 매도 수량은 투자자에게 Hormel Foods의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Hormel Foods (NYSE:HRL) 주식, 공매도 수량 보고

Hormel Foods

Historically meat-focused, Hormel Foods broadened its lineup to include other protein offerings and become a branded food company. The firm sells its wares through multiple channels, including US retail (64% of fiscal 2023 sales), US food service (30%), and international (6%). By product, 70% of fiscal 2023 sales were from perishable food and 30% from shelf-stable. Major brands include Hormel, Spam, Jennie-O, Columbus, Applegate, Planters, and Skippy. Many of these hold the number one or two market share in their respective categories.

Earnings

News

Pre-Market Outlook

Markets

AAPL

DLTR

CNN 머니 공포·탐욕 지수는 화요일(3일) &#34;탐욕&#34; 영역에 머물렀다.화요일 미국 증시는 혼조세를 보였으며, S&amp;P 500 지수는 세션 중 사상 최고치를 기록했다. 애플(NASDAQ:AAPL) 주가가 화요일에 새로운 52주 최고가로 급등한 반면, 지스케일러(NASDAQ:ZS)의 주가는 1분기 실적 발표 후 약 4.7% 하락했다.

애플 242달러 돌파 속 S&amp;P 500 또다시 최고치 경신: 공포 지수는 &#39;탐욕&#39; 영역에

Trading Ideas

MRVL

수요일(3일) 아침 미국 주식 선물이 상승하는 가운데 오늘 투자자들의 주목을 받을 수 있는 주식은 다음과 같다. 달러 트리, 세일즈포스, 호멜 푸즈, 마벨 테크놀로지 및 PVH

수요일 주목해야 할 주식: 달러 트리, 세일즈포스, 호멜 푸즈, 마벨 테크놀로지 및 PVH

Equities

Large Cap

Movers

General

CELH

DKNG

NTNX

SNOW

지난주 이들 10개 대형주는 최악의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 몽고DB(NASDAQ:MDB) 주식은 약한 2분기 및 2025회계연도 가이던스 발표 후 31.63% 급락했다. 이에 따라 애널리스트들이 주식의 목표가를 낮췄다. 

세일즈포스와 셀시우스는 지난주 최악의 성과를 보인 10개의 대형주 중 일부

Hormel Foods Corp

In the current market session, Hormel Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) stock price is at $32.28, after a 0.59% drop. However, over the past month, the company's stock spiked by 9.41%, and in the past year, by 5.02%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1733760914_0.png" alt="Past Year Chart" />

<h3>Comparing Hormel Foods P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Hormel Foods has a lower P/E than the aggregate P/E of 29.09 of the Food Products industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1733760914_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Hormel Foods

As of Dec. 6, 2024, three stocks in the consumer staples sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">US Foods Holding Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFD#NYSE">USFD</a>)</h3>
<ul>
<li>On Nov. 7, US Foods Holding reported third-quarter adjusted earnings per share of 85 cents, beating the street view of 83 cents. Quarterly sales of $9.728 billion (+6.8%) outpaced the analyst consensus estimate of $9.718 billion, driven by total case volume growth and food cost inflation of 3.2%. "We delivered strong results in the third quarter despite the softer macro environment and weather-related challenges which pressured industry case volumes," said Dave Flitman, CEO.. The company's stock gained around 10% over the past month and has a <a href="https://www.benzinga.com/quote/USFD">52-week high of $72.84</a>.</li>
<li>RSI Value: 80.83&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>USFD Price Action: Shares of US Foods gained 0.5% to close at $72.33 on Thursday. </li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1">latest USFD news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="904" height="834" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06040840/Screenshot-2024-12-06-143817.png" alt="" class="wp-image-680192" style="width:617px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06040840/Screenshot-2024-12-06-143817.png 904w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06040840/Screenshot-2024-12-06-143817-300x277.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06040840/Screenshot-2024-12-06-143817-768x709.png 768w" sizes="(max-width: 904px) 100vw, 904px" /></a></figure>
<h3 class="wp-block-heading">Hormel Foods Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>)</h3>
<ul>
<li>On Dec. 4, the company reported that fourth-quarter adjusted earnings per share were 42 cents, which is in line with the street view. Quarterly sales of $3.138 billion missed the analyst consensus estimate of $3.144 billion. "The combination of underlying business strength and the capture of $75 million in operating income benefit from our Transform and Modernize (T&amp;M) initiative helped to offset a dynamic consumer environment, the steep decline in whole bird turkey commodity markets, and the production disruption at our Suffolk, Virginia, facility,"  said Jim Snee, chairman of the board, president and chief executive officer. The company's stock gained around 7% over the past month and <a href="https://www.benzinga.com/quote/HRL">has a 52-week high</a> of $36.86.</li>
<li>RSI Value: 73.95</li>
<li>HRL Price Action: Shares of Hormel Foods gained 2.7% to close at $32.86 on Thursday. </li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1">trend in HRL stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="921" height="848" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041218/Screenshot-2024-12-06-144007.png" alt="" class="wp-image-680195" style="width:631px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041218/Screenshot-2024-12-06-144007.png 921w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041218/Screenshot-2024-12-06-144007-300x276.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041218/Screenshot-2024-12-06-144007-768x707.png 768w" sizes="(max-width: 921px) 100vw, 921px" /></a></figure>
<h3 class="wp-block-heading">Walmart Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)</h3>
<ul>
<li>On Nov. 19, Walmart announced third-quarter results and <a href="https://www.benzinga.com/pressreleases/24/11/b42058916/walmart-reports-strong-revenue-growth-of-5-5-with-operating-income-growing-faster-at-8-2">raised its fiscal-2025 guidance</a>. The retailer reported adjusted EPS of 58 cents, <a href="https://www.benzinga.com/calendars/earnings?_gl=1&#x2A;6ouqhz&#x2A;_gcl_au&#x2A;MTMzODc3MTQxNy4xNzMwMjYzMDky&#x2A;_ga&#x2A;ZGVsZXRlZA..&#x2A;_ga_V7ZK73W7N0&#x2A;MTczMzQ2NDcyNS41MjUuMS4xNzMzNDc2NDk5LjAuMC4w">beating the conse</a>nsus of 53 cents. The company's stock gained around 14% over the past month and has a <a href="https://www.benzinga.com/quote/WMT">52-week high</a> of $95.60.</li>
<li>RSI Value: 84.40</li>
<li>WMT Price Action: Shares of Walmart gained 0.9% to close at $95.30 on Thursday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1">breakout in </a>WMT <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1">shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="901" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041437/Screenshot-2024-12-06-144355.png" alt="" class="wp-image-680196" style="width:628px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041437/Screenshot-2024-12-06-144355.png 901w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041437/Screenshot-2024-12-06-144355-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06041437/Screenshot-2024-12-06-144355-768x719.png 768w" sizes="(max-width: 901px) 100vw, 901px" /></a></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42357598/dow-dips-more-than-200-points-ahead-of-jobs-report-investor-sentiment-declines-fear-greed-index-remains-in-greed-zone">Dow Takes A Breather After Record Close, Dips Over 200 Points Ahead Of Jobs Report: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Short Ideas

USFD

Top 3 Risk Off Stocks That May Collapse This Month

Hormel Foods Exec Says Avian Influenza Outbreak Affected Supply Of Jennie-O Turkey

Hormel Foods Exec Says Turkey Will Remain At Lower Levels In 2025

Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) shares are<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> trading lower on Wednesday.</a>
The company reported that fourth-quarter adjusted earnings per share were 42 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42310771/hormel-foods-reports-fourth-quarter-and-full-year-fiscal-2024-results" rel="noreferrer noopener">which is in line with the street view</a>. Quarterly sales of $3.138 billion missed the analyst consensus estimate of $3.144 billion.
Gross Profit in the quarter under review totaled $521.230 million, compared with $514.425 million a year ago.
&#8220;The combination of underlying business strength and the capture of&nbsp;$75 million&nbsp;in operating income benefit from our Transform and Modernize (T&amp;M) initiative helped to offset a dynamic consumer environment, the steep decline in whole bird turkey commodity markets, and the production disruption at our&nbsp;Suffolk, Virginia, facility,&#8221;&nbsp;&nbsp;said&nbsp;Jim Snee, chairman of the board, president and chief executive officer.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42310095/apple-shares-hit-new-high-despite-iphone-sales-slowdown-expert-reiterates-that-street-is-starting-to-realize-iphone-16-is-the-start-of-a-super-cycle" rel="noreferrer noopener">AAPL Stock Hits New High Despite Sales Slowdown: Tech Bull Says &#8216;Street Is Realizing&#8217; iPhone 16 Marks The &#8216;Start Of A Super Cycle&#8217; For Apple</a>
The company expects to realize an incremental&nbsp;$100 million&nbsp;to&nbsp;$150 million&nbsp;in benefits from the T&amp;M initiative in fiscal 2025, as the planned expansion of the program accelerates value returned to the organization.
The T&amp;M initiative aims to transform the supply chain, reduce portfolio complexity, and invest in data, technology, and processes.
Considerable volume declines in turkey exports resulted in lower volumes compared to the prior year in the International segment.&nbsp;
The T&amp;M initiative is key to achieving the company&#8217;s goal of $250 million in annual operating income growth by fiscal 2026.
Cash on hand increased to $742 million at fiscal year-end from $737 million at the beginning of the year. Inventories at fiscal year-end were $1.6 billion, a decrease of $104 million from the beginning of the year. Total long-term debt, including current maturities, was $2.9 billion at fiscal year-end.
Outlook: Hormel Foods has projected net sales for FY25 to range between $11.9 billion and $12.2 billion, compared to the $12.23 billion estimate.
The company also expects adjusted diluted earnings per share to be between $1.58 and $1.72, <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">compared to the $1.68 estimate.</a>
Price Action: HRL shares are trading lower by 3.68% to $30.65 premarket at last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41699427/apples-iphone-17-base-models-could-finally-get-this-highly-requested-pro-feature" target="_blank" rel="noreferrer noopener">Apple's iPhone 17 Base Models Could Finally Get This Highly Requested ‘Pro' Feature</a></li>
</ul>

Guidance

Hormel Foods Misses Q4 Sales Expectations, Turkey Woes Gobble Up Growth Prospects

U.S. stocks could open on a positive note on Wednesday after the <a href="https://www.benzinga.com/news/global/24/12/42299162/us-stocks-pause-south-korea-etfs-fall-on-political-turmoil-oil-prices-rise-above-70-whats-driving-markets-tuesday">averages maintained a cautious stance on Tuesday</a>. Futures of all three major indices were up on Wednesday, pointing to an optimistic sentiment on Wall Street.
This is a day after the S&amp;P 500 closed at another record high, with AI stocks and Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) giving the benchmark index a boost. Markets brushed off rising geopolitical tensions across the world, with South Korean President Yoon declaring an emergency and enforcing martial law.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.51%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.21%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.42%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.07%</td>
</tr>
</tbody>
</table>
</figure>
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>) rose 0.22% to $605.23 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.54% to $519.68, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed on a mixed note on Tuesday, with the Dow Jones closing in the red while the Nasdaq and S&amp;P 500 edged up.
Crude oil prices edged up on Wednesday after the U.S. imposed sanctions on 35 Iranian entities.
Treasury yields rose as investors waited for crucial job data to be released.
On the economic data front, the number of job openings rose by 372,000 to 7.744 million in October compared to a revised reading of 7.372 million in September and higher than market estimates of 7.48 million.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, industrials, and financial stocks recording the biggest losses on Tuesday.
However, communication services and information technology stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.40%</td>
<td>19,480.91</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.05%</td>
<td>6,049.88</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.17%</td>
<td>44,705.53</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.73%</td>
<td>2,416.35</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, maintained his bullish outlook on the prospects of equity markets in December. While December has traditionally been a strong one for investors, another metric shows why bears shouldn't bet against equities this month, according to Detrick.
"When the S&amp;P 500 was up 20% or more for the year heading into the final month, December has been up nine of the past 10 times," said Detrick in his latest note.
Data shows the S&amp;P 500 has gained over 28% since the beginning of 2024 through November, and going by past trends, December looks set to close in the green, too.
It's not just December that could be positive – Detrick's analysis shows that big gains in November set equities on a path for a rally in the new year, too.
"Do big monthly gains matter? We'd say yes, as the S&amp;P 500 is up an average of 13.5% a year later and higher nearly 84% of the time after a calendar month gain of more than 5%."
He notes that a 5% gain in November has historically been followed by an average 13% increase the following year, occurring three out of four times. This pattern underpins Detrick's optimistic outlook.
Wells Fargo strategists also expect a bull run in 2025, giving a target of 7,007 for the S&amp;P 500.
"On balance, we expect the Trump Administration to usher in a macro environment that is increasingly favorable for stocks at a time when the Fed will be slowly reducing rates," said Christopher Harvey and his team of strategists.
&#8220;In short, a backdrop where equities continue to rally.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Wednesday's economic calendar is packed.
<ul>
<li>November's data on ADP employment will be released at 8:15 a.m. ET.</li>
<li>St. Louis Fed President Musalem will speak at 8:45 a.m. ET.</li>
<li>The S&amp;P final U.S. services PMI for November will be released at 9:45 a.m. ET.</li>
<li>The ISM services and factory orders data for November and October, respectively, will be released at 10:00 a.m. ET.</li>
<li>Fed Beige Book will be released at 2:00 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) <a href="https://www.benzinga.com/24/12/42309867/why-marvell-technology-shares-are-trading-higher-by-around-13-here-are-20-stocks-moving-premarket">stock surged 14% in premarket trading</a> on Wednesday after the company beat analyst estimates on the back of "strong demand from AI."</li>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) stock rose 13% in premarket after the company <a href="https://www.benzinga.com/news/earnings/24/12/42302924/salesforce-q3-earnings-revenue-beat-eps-miss-free-cash-flow-up-30-ai-driving-groundbreaking-transformation-and-more">posted revenue</a> that topped forecasts. It also raised its fiscal year revenue guidance.</li>
<li>Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) stock gained 15% in premarket after the security firm handily beat Street expectations with its <a href="https://www.benzinga.com/news/earnings/24/12/42303322/okta-q3-earnings-revenue-beat-eps-beat-strong-guidance-shares-surge">third-quarter results</a>.</li>
<li>Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>) <a href="https://www.benzinga.com/news/earnings/24/12/42303442/pure-storage-shares-soar-after-strong-q3-q4-guidance-above-estimates-details">stock rocketed 25%</a> in premarket after the company raised its annual revenue guidance.</li>
<li>Investors are awaiting earnings results from Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>), and PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, gaining 0.69% to hover around $70.42 per barrel.
The 10-year Treasury note yield edged up to 4.254%.
Major Asian markets ended mixed on Wednesday, and European markets were similarly mixed in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42310095/apple-shares-hit-new-high-despite-iphone-sales-slowdown-expert-reiterates-that-street-is-starting-to-realize-ipho">AAPL Stock Hits New High Despite Sales Slowdown: Tech Bull Says ‘Street Is Realizing' iPhone 16 Marks The &#8216;Start Of A Super Cycle&#8217; For Apple</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Economics

Federal Reserve

OKTA

PSTG

US Stocks Likely To Open Higher As Investors Gear Up For A Historically Strong Month: Wells Fargo Strategists See Trump Policies Setting A Backdrop Where 'Equities Continue To Rally'

Hormel Foods Corporation Sees FY25 Net Sales Of $11.900B-$12.200B Vs. $12.23B Estimate; Projects Adjusted Diluted Earnings Per Share Of $1.58-$1.72 Vs. $1.68 Estimate

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) reported quarterly earnings of $0.42 per share which met the analyst consensus estimate. The company reported quarterly sales of $3.138 billion which missed the analyst consensus estimate of $3.144 billion by 0.18 percent. This is a 1.88 percent decrease over sales of $3.198 billion the same period last year.

Earnings Misses

Hormel Foods Q4 2024 Adj. EPS $0.42, Inline, Sales $3.138B Miss $3.144B Estimate

<h3>Companies Reporting Before The Bell</h3>
• Daktronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAKT#NASDAQ">DAKT</a>) is estimated to report quarterly earnings at $0.20 per share on revenue of $202.59 million. 
• SecureWorks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCWX#NASDAQ">SCWX</a>) is projected to report quarterly earnings at $0.00 per share on revenue of $81.39 million. 
• Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $2.00 billion. 
• Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) is projected to report quarterly earnings at $0.72 per share on revenue of $2.23 billion. 
• Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) is expected to report quarterly earnings at $1.08 per share on revenue of $7.44 billion. 
• Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $3.14 billion. 
• Chewy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) is expected to report quarterly earnings at $0.08 per share on revenue of $2.90 billion. 
• WisdomTree International LargeCap Dividend Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOL#NYSE">DOL</a>) is projected to report quarterly earnings at $0.98 per share on revenue of $1.57 billion. 
• Nano Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) is projected to report quarterly earnings at $2.57 per share on revenue of $2.95 billion. 
• Royal Bank of Canada (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RY#NYSE">RY</a>) is expected to report quarterly earnings at $3.01 per share on revenue of $14.72 billion. 
• Gaotu Techedu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOTU#NYSE">GOTU</a>) is estimated to report quarterly loss at $0.11 per share on revenue of $172.78 million. 
<h3>Companies Reporting After The Bell</h3>
• Culp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CULP#NYSE">CULP</a>) is likely to report quarterly loss at $0.18 per share on revenue of $58.00 million. 
• DLH Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLHC#NASDAQ">DLHC</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $101.00 million. 
• PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) is expected to report quarterly earnings at $2.59 per share on revenue of $2.22 billion. 
• Ooma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OOMA#NYSE">OOMA</a>) is likely to report quarterly earnings at $0.16 per share on revenue of $64.32 million. 
• KNOT Offshore Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNOP#NYSE">KNOP</a>) is projected to report quarterly loss at $0.04 per share on revenue of $73.49 million. 
• ChargePoint Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>) is expected to report quarterly loss at $0.09 per share on revenue of $89.58 million. 
• SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) is expected to report quarterly loss at $0.20 per share on revenue of $209.72 million. 
• Sprinklr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXM#NYSE">CXM</a>) is projected to report quarterly earnings at $0.08 per share on revenue of $196.40 million. 
• Ncino (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) is projected to report quarterly earnings at $0.16 per share on revenue of $137.38 million. 
• Verint Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRNT#NASDAQ">VRNT</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $210.03 million. 
• Greif (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEF#NYSE">GEF</a>) is projected to report quarterly earnings at $1.10 per share on revenue of $1.41 billion. 
• Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) is likely to report quarterly earnings at $0.17 per share on revenue of $798.58 million. 
• Star Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGU#NYSE">SGU</a>) is estimated to report earnings for its fourth quarter. 
• AeroVironment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) is likely to report quarterly earnings at $0.68 per share on revenue of $181.44 million. 
• IDT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDT#NYSE">IDT</a>) is likely to report earnings for its first quarter. 
• American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) is estimated to report quarterly earnings at $0.46 per share on revenue of $1.30 billion. 
• Container Store Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TCS#NYSE">TCS</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $45.20 million. 
• Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) is expected to report quarterly earnings at $3.30 per share on revenue of $1.63 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AVAV

CHPT

CHWY

CULP

DAKT

DLHC

WisdomTree Trust International LargeCap Dividend

FIVE

GSX Techedu Inc. American Depositary Shares

GOTU

KNOP

NCNO

OOMA

SCWX

SNPS

VRNT

Earnings Scheduled For December 4, 2024

The CNN Money Fear and Greed index remained in the &#8220;Greed&#8221; zone on Tuesday.
U.S. stocks settled mixed on Tuesday, with the S&amp;P 500 hitting another record close during the session.
Shares of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) surged to a new 52-week high on Tuesday. Shares of Zscaler Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) fell around 4.7% on Tuesday following first-quarter results.
On the economic data front, the number of job openings rose by 372,000 to 7.744 million in October compared to a revised reading of 7.372 million in September and higher than market estimates of 7.48 million.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, industrials, and financial stocks recording the biggest losses on Tuesday. However, communication services and information technology stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 76 points to 44,705.53 on Tuesday. The S&amp;P 500 rose 0.05% to 6,049.88, while the Nasdaq Composite climbed 0.40% at 19,480.91 during Tuesday's session.
Investors are awaiting earnings results from Dollar Tree, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), Hormel Foods Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>), and PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 62.3, the index remained in the &#8220;Greed&#8221; zone on Tuesday, versus a prior reading of 62.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42293707/jim-cramer-prefers-this-delivery-giant-over-ups">Jim Cramer Prefers FedEx Over This Delivery Giant That &#8216;Screwed Up A Lot Of Holiday Seasons&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

S&P 500 Hits Another High As Apple Tops $242 For The First Time: Fear Index Remains In 'Greed' Zone

With <a href="https://www.benzinga.com/futures">U.S. stock futures trading</a> higher this morning on Wednesday, some of the stocks that may grab investor focus today include:
<ul>
<li>Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>): The discount retailer is set to report quarterly earnings at $1.07 per share on revenue of $7.44 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Dollar Tree shares rose 1.2% to $73.35 in after-hours trading. </li>
<li>Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>): The customer relationship management company posted downbeat earnings for its third quarter, while sales topped estimates. Salesforce sees full-year 2025 revenue of $37.8 billion to $38 billion and full-year adjusted earnings to be between $9.98 and $10.03 per share. Shares jumped 10.6% to $366.47 in the after-hours trading session. </li>
<li>Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>): The food company posted quarterly earnings at 42 cents per share on revenue of $3.14 billion. Hormel will release earnings before the markets open. Hormel Foods shares slipped 0.1% to $31.81 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>): The semiconductor maker reported better-than-expected third-quarter financial results and issued fourth-quarter guidance above estimates. Marvell Technology shares jumped 10.8% to $106.30 in the after-hours trading session. </li>
<li>PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>): Analysts expect the company to post quarterly earnings at $2.59 per share on revenue of $2.22 billion after the closing bell. PVH shares fell 0.1% to $111.50 in after-hours trading.</li>
</ul>
Check This Out:
<ul>
<li><a href="https://www.benzinga.com/24/12/42293707/jim-cramer-prefers-this-delivery-giant-over-ups"> Jim Cramer Prefers FedEx Over This Delivery Giant That &#8216;Screwed Up A Lot Of Holiday Seasons&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Dollar Tree, Salesforce And 3 Other Stocks To Watch Heading Into Wednesday

Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-12-04. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Hormel Foods will report an earnings per share (EPS) of $0.43.
The market awaits Hormel Foods'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>Past Earnings Performance</h3>
During the last quarter, the company reported an EPS beat by $0.01, leading to a 3.55% increase in the share price on the subsequent day.
Here's a look at Hormel Foods's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.36</td>
<td>0.36</td>
<td>0.34</td>
<td>0.45</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.37</td>
<td>0.38</td>
<td>0.41</td>
<td>0.42</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>1.0%</td>
<td>-6.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1733234512_0.png" alt="eps graph" />
<h3>Market Performance of Hormel Foods's Stock</h3>
Shares of Hormel Foods were trading at $32.14 as of December 02. Over the last 52-week period, shares are up 0.75%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/HRL/earnings">To track all earnings releases for Hormel Foods visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Peek at Hormel Foods's Future Earnings

<ul>
<li>The annual dividend on the common stock of the Corporation was raised to $1.16 per share from $1.13 per share.</li>
<li>The Board of Directors authorized the first quarterly dividend of 29.00 cents ($0.2900) a share to be paid on February 18, 2025, to stockholders of record at the close of business on January 13, 2025.</li>
</ul>

Dividends

Reported Earlier, Hormel Foods Increases Annual Dividend By 3% To $1.16/Share; Declared First Quarterly Dividend Of $0.29/Share Payable February 18, 2025

Citigroup analyst Thomas Palmer maintains Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) with a Buy and lowers the price target from $36 to $35.

Price Target

Analyst Ratings

Citigroup Maintains Buy on Hormel Foods, Lowers Price Target to $35

WIIM

MNST

Shares of beverage and packaged food stocks are trading lower after president-elect Trump indicated he would nominate Robert F. Kennedy Jr. to lead the HHS.

Hormel Foods's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) short percent of float has fallen 5.23% since its last report. The company recently reported that it has 7.95 million shares sold short, which is 1.45% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.25 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>Hormel Foods Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730138419_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hormel Foods has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Hormel Foods'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>, Hormel Foods's peer group average for short interest as a percentage of float is 4.97%, which means the company has less 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

How Is The Market Feeling About Hormel Foods?

Stephens &amp; Co. analyst Pooran Sharma reinstates Hormel Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) with a Equal-Weight and announces $31 price target.

Initiation

Stephens & Co. Reinstates Equal-Weight on Hormel Foods, Announces $31 Price Target

General Mills (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gis#NYSE">GIS</a>) can provide a hedge if volatility continues to plague the S&amp;P 500. The company is amid a business transformation telegraphed in its price action, which is set up for a significant reversal after more than a year of lackluster performance.&nbsp;
The transformation includes selling its yogurt business, which will lighten the portfolio and shore up the fortress balance sheet. This will allow management to focus on core markets, international growth, and local gems that drive margin while providing steady capital returns.&nbsp;
The bonus is the stock beta. General Mills has trades with a 5-year beat of 0.1 and a 2-year beta of -.2, suggesting little to no correlation to the&nbsp; S&amp;P 500; if the broad market falls, General Mills trends will be unaffected and may even get an added boost from a flight to safety.&nbsp;
<h2>General Mills Post Earnings Dip Is A Buying Opportunity That Won&#39;t Last Long</h2>
General Mills share prices fell following the FQ1 release, opening a buying opportunity that will likely last only a short time. The results and guidance were good, with Q1 performance being better than expected, and guidance was reaffirmed. The problem is that Q1 strength didn&#39;t carry through to the guidance, suggesting the remainder of the year could be tepid relative to expectations. However, the $4.85 billion in revenue is down only 1% compared to last year, outperforming by 100 basis points, and aligns with the outlook for turnaround, resumed organic growth, and capital returns, which counts over the long term.&nbsp;&nbsp;
The margin news is just as mixed, with margins contracting but less than expected, leaving earnings down compared to last year but better than forecast. The salient detail is that although net earnings are down 14%, the $580 million is sufficient to sustain the fortress balance sheet and the capital return. The $1.07 in adjusted earnings gives a 55% quarterly dividend payout ratio, which is sustainable and expected to improve as the year progresses. It also leaves room for share repurchases, which have been aggressive.&nbsp;
The guidance is good enough. The company forecasts sequential improvement in revenue and earnings and YOY organic growth to return by the end of the year, not including the sale of the yogurt business. That is expected to close in 2025 and will impact reported results for the following twelve months by approximately 3% on a diluted basis.&nbsp;
<h2>General Mills Capital Return Is Top-Tier and Expected to Accelerate</h2>
General Mills&#39; financial condition is rock solid and allows for substantial capital return,&nbsp;including dividends and share buybacks. The dividend is attractive at 3.25% and only 16x earnings, a high-yield value compared to the broad market and leading consumer staples peers like Hormel (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hrl#NYSE">HRL</a>), Hershey (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hsy#NYSE">HSY</a>), and Kellanova (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/k#NYSE">K</a>), which trade at 20x, 21x, and nearly 22x their earnings outlooks, respectively.&nbsp;
Balance sheet highlights from Q1 include reduced cash, increased debt, and reduced equity, but repurchases and treasury stock offset those factors. The company repurchased $300 million of shares during the quarter, reducing the average count by 4.65% year over year and increasing the treasury holdings by nearly 20%. Repurchases have slowed compared to last year due to the contraction of revenue and earnings, and they may not accelerate soon. However, buybacks are likely to continue at a float-reducing pace through the year&#39;s end, and the company plans to use proceeds from the yogurt sale to boost activity once closed.&nbsp;
<h2>General Mills Share Price Supported by an Expectation for Lower Interest Rates</h2>
General Mills&#39; share price has steadily risen since mid-July, when the CPI report sparked a massive broad-market sell-off after signaling a high probability that the FOMC would lower interest rates this year. The signal is that risk-off investment dollars, once focused on higher-yielding bonds, have turned to quality dividend growth stocks like General Mills, which still present value and yield for investors today.&nbsp;
The technical action since July suggests a double-bottom reversal pattern is now in play, and price action has retreated to a critical support target. The critical target is the 30-day EMA, which aligns with highs earlier this year. If support is confirmed at this level, investors can expect GIS stock to continue higher and complete the reversal by year&#39;s end. If not, GIS stock could fall to the $70 level or lower before hitting solid support.&nbsp;
<img alt="General Mills GIS stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20240918104246_chart-gis-9182024.png" style="height:426px; width:917px" />
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/why-general-mills-is-the-perfect-hedge-for-s-and-p-500-volatility/">Why General Mills Is the Perfect Hedge for S&amp;P 500 Volatility</a>&quot; first appeared on MarketBeat.

Technicals

Buybacks

Why General Mills Is the Perfect Hedge for S&P 500 Volatility

Wall Street traded slightly higher on Wednesday, rebounding after the sharp sell-off a day earlier that saw chipmakers tumble, with NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shedding around $280 billion in market value — the largest single-day drop in history.
Investors processed fresh insights from July labor market statistics, which confirmed cooling conditions as job openings fell to their lowest level in three years, almost closing the <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40711148/july-job-openings-fall-to-3-year-lows-gap-with-unemployment-narrows-to-near-parit">gap with unemployment levels.</a>
Expectations for a Federal Reserve interest rate cut improved, with market participants now assigning a 43% implied probability of a 50-basis-point cut in September, up from 38% the previous day.
Attention now shifts to key August labor data, with the ADP private payrolls report due Thursday, followed by the official jobs report on Friday.
Major equity indices were up marginally, while bonds outperformed, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rising 0.7%, adding to Tuesday&#8217;s 1.3% gain.
Notably, chipmakers, as tracked by the iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>), rose 1%. 
The U.S. dollar weakened, losing 0.4% as falling Treasury yields weighed on the currency. Gold inched up 0.2%, set to break a three-day losing streak.
Oil prices continued to decline, falling 0.7% despite OPEC+ announcing a delay in its planned production increases.
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bounced back 1.6%, trading at $58,200.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance Among Major 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>Russell 2000</td>
<td>2,162.23</td>
<td>0.4%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,033.77</td>
<td>0.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,985.75</td>
<td>0.1%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,535.16</td>
<td>0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:35 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090424&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 0.2% higher to $552.98.</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 0.2% to $411.03.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.4% to $463.53.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) increase 0.4% to $214.31.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up by 0.8%, while the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 0.8%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Dollar Tree Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) sunk 20% after missing quarterly earnings estimates and delivering a guidance cut.</li>
<li>Other stocks reacting to company earnings were Dicks Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) down 5%, Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) down 6.6% and Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) up 2.2%.</li>
<li>ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) fell 3.2% after UBS downgraded the Dutch chipmaker from Buy to Neutral, also cutting the price target. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rose 5% on upbeat sales data in China. The China Passenger Car Association reported that sales of Tesla's China-made electric vehicles rose 17% compared to July and increased 3% year-over-year.</li>
<li>Companies reporting earnings after the close include Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>), Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and Caseys General Stores Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>).</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40713134/bank-of-canada-cuts-rates-again-as-inflation-labor-market-cool-canadian-stocks-rebound-loonie-st">Bank Of Canada Cuts Rates Again As Inflation, Labor Market Cool: Canadian Stocks Rebound, Loonie Strengthens</a></li>
</ul>
This image was created using artificial intelligence MidJourney.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Macro Economic Events

Broad U.S. Equity ETFs

Commodities

Tech

ETFs

$BTC

ASML

CASY

CIEN

CPRT

SPDR Dow Jones Industrial Average ETF Trust

NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

iShares Trust Barclays 20+ Year Treasury Bond Fund

TSLA

Stocks Rebound, Chipmakers Halt Bloodbath As Traders Upgrade Rate Cut Wagers; Tesla Rises, Dollar Tree In Free Fall: What's Driving Markets Wednesday?

U.S. stock futures were lower this morning, with the Nasdaq futures dipping over 100 points on Wednesday.
Shares of Core &amp; Main Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNM#NYSE">CNM</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected second-quarter financial results and cut its FY24 net sales <a href="https://www.benzinga.com/quote/CNM/earnings">guidance below estimates.</a>
Core &amp; Main reported quarterly earnings of 61 cents per share which missed the analyst consensus estimate of 73 cents per share. The company reported quarterly sales of $1.964 billion which missed the analyst consensus estimate of $2.059 billion.
Core &amp; Main shares dipped 17.1% to $38.80 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Zscaler Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) shares fell 17.1% to $160.19 in pre-market trading following fourth-quarter earnings.</li>
<li>Ascendis Pharma A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASND#NASDAQ">ASND</a>) declined 15.2% to $114.17 in pre-market trading after the company reported worse-than-expected second-quarter sales results and cut its FY24 SKYTROFA revenue guidance.</li>
<li>Asana Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) fell 14.6% to $11.36 in pre-market trading. Asana reported upbeat results for its second quarter but issued weak guidance for the third quarter.</li>
<li>Rev Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REVG#NYSE">REVG</a>) shares fell 13.3% to $26.19 in pre-market trading following weak quarterly sales.</li>
<li>PagerDuty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) fell 12% to $16.10 in today&#8217;s pre-market trading. PagerDuty reported better-than-expected earnings for its second quarter, while sales missed estimates.</li>
<li>Dollar Tree Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>) shares dipped 10.8% to $72.78 in pre-market trading after the company reported worse-than-expected second-quarter financial results and cut FY24 outlook.</li>
<li>America&#8217;s Car-Mart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRMT#NASDAQ">CRMT</a>) shares fell 9.5% to $54.00 after the company reported a year-over-year decrease in quarterly EPS results.</li>
<li>Hormel Foods Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) fell 7.1% to $30.78 in pre-market trading after the company reported mixed third-quarter financial results and cut its FY24 sales guidance with its midpoint below estimates.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/09/40700380/dollar-tree-dicks-sporting-goods-and-3-stocks-to-watch-heading-into-wednesday">Dollar Tree, Dick&#8217;s Sporting Goods And 3 Stocks To Watch Heading Into Wednesday</a></li>
</ul>

ASAN

ASND

CRMT

REVG

Core & Main Reports Downbeat Results, Joins Rev Group, PagerDuty, Dollar Tree And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Hormel Foods Corp (HRL) has disclosed a new risk, in the Technology category. Hormel Foods Corp faces significant risks if it does not timely repla...

Hormel Foods' IT Overhaul: Navigating Risks and Ensuring Market Competitiveness

J.P. Morgan analyst Kenneth Goldman maintained a Hold rating on Hormel Foods (HRL – Research Report) yesterday and set a price target of $33.00. Th...

J.P. Morgan Keeps Their Hold Rating on Hormel Foods (HRL)

Hormel: Q4 Earnings Confirm It's Better To Own The Retailer Than The Brand (Downgrade)

12 High-Yield Dividend Aristocrats To Weather The Coming 2025 Storm In Style

Dividend Income Summary: Lanny's November 2024 Summary

Buy 1 December Aristocrat Of 67 From 38 With 'Safer' Dividends

2 Ideal Buys From 50 'Safer' Dividends In 100 December Sustainables

Kraft Heinz: Hard To Overlook The Progress

Buy 6 December Dividend Kings But Watch 22 With 'Safer' Dividends

Tyson Foods: Recent Improvements Justify A Bullish Outlook

ABBV

AMCR

BALL

CDUAF

CHRW

CZNC

INTC

KVUE

MDLZ

MSEX

ORRF

REYN

SBUX

TROW

Press Releases

Makers of the JENNIE-O® Brand to open 1-800-TURKEYS Nov. 1 for the 17th Consecutive Year

Hormel Foods Recognized for Having One of the Nation's Top Internship Programs

Hormel Foods Named a Best for Vets Employer for 12th Year in a Row

Hormel Foods Corporation to Hold Fourth Quarter Earnings Conference Call

Hormel Foods Announces 2024 Class of Hormel Heroes Scholarship Recipients

Entertainment

T-Pain Living the "Good Life" on the Jennie-O Macy's Thanksgiving Day Parade® Float

The Makers of the JENNIE-O® Brand Partner With NBC's 'The Tonight Show Starring Jimmy Fallon' to Donate Thousands of Turkeys This Thanksgiving

Hormel Foods Corporation Announces 59th Consecutive Increase to the Annual Dividend

HORMEL FOODS REPORTS FOURTH QUARTER AND FULL-YEAR FISCAL 2024 RESULTS

Hormel Foods Announces Appointment of Mike Clausman as Vice President, Deputy General Counsel and Assistant Secretary

Conagra Brands

Cal-Maine Foods

The Campbell`s

Flowers Foods

Freshpet

General Mills

Hershey

J&J Snack Foods

Kellanova

Kraft Heinz

WK Kellogg

Lancaster Colony Corporation - Common Stock

Lancaster Colony

Lamb Weston Hldgs

Mondelez International, Inc. - Class A Common Stock

Mondelez International

McCormick & Company, Incorporated Common Stock

McCormick & Co

Nomad Foods

Post Holdings

Pilgrim's Pride Corporation - Common Stock

Pilgrims Pride

Seaboard

JM Smucker

The Simply Good Foods Company - Common Stock

Simply Good Foods

Tootsie Roll Industries, Inc. Common Stock

Tootsie Roll Industries

Tyson Foods

Citigroup

Stephens & Co.

JP Morgan

Barclays

Comments

Hormel Foods

매도 수량

Hormel Foods (NYSE:HRL) 주식, 공매도 수량 보고

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌