에 대한 최신 뉴스 JM Smucker (NYSE:SJM) 주식

JM Smucker

J.M. Smucker is a packaged food company that primarily sells through the US retail channel (78% of fiscal 2024 revenue came through its retail pet foods, coffee, and frozen handheld/spreads segments), with the remaining share consisting of Hostess and international (primarily Canada). Retail coffee is its largest category (33% of sales) with brands Folgers and Dunkin'. Pet foods (22% of sales) holds leading brands like Milk-Bone and Meow Mix. Of its remaining, approximately 22% comes from consumer foods, primarily peanut butter and jelly, through brands Jif and Smucker's. The company acquired Hostess Brands in fiscal 2024 to boost its snack and convenience store presence.

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월요일 아침 (미 동부 시간 기준) 미국 주식 선물이 상승하면서, 오늘 투자자의 관심을 끌 수 있는 일부 주식은 다음과 같다: 월스트리트는 골드만삭스 그룹(NYSE:GS)가 개장 전 매출 124억 6천만 달러, 주당 8.34달러의 분기 이익을 보고할 것으로 예상하고 있다. 벤징가 프로의 데이터에 따르면, 골드만삭스의 주가는 금요일에 0.1% 상승한 479.88달러로 마감했다. 

월요일 주목해야 할 주식: 골드만삭스, 블랙록 및 J.M. 스머커 그리고 2종목

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목요일 오전(현지 시간) 미국 주식 선물 거래가 혼조세를 보이고 있는 가운데 오늘 투자자들의 관심을 끌 수 있는 주식은 다음과 같다: 벤징가 프로의 데이터에 따르면 월스트리트는 J.M. 스머커 컴퍼니(NYSE:SJM)가 시장 개장 전 22억 4천만 달러의 매출과 2.33달러의 분기 이익을 보고할 것으로 예상하고 있다. 스머커 주가는 시간외 거래에서 0.6% 상승한 110.96달러를 기록했다.

룰루레몬 애틀라티카, J.M. 스머커 그리고 목요일 주목해야 할 주식 3종목

JM Smucker Co

SJM HOLDINGS LTD ORD by SJM Holdings Ltd.

SJM Holdings Ltd

SJM HLDGS LTD UNSP/ADR by SJM Holdings Ltd.

J M Smucker On U.S. East Coast Ports Strike, Says Have Dedicated Plans To Support Continuity Of Service; Have Plans To Address Potential Challenges, Like Adjusting Production Plans To Maximize Finished Goods Production; Also Evaluating West Coast Routing Options

U.S. stocks were lower, with the Nasdaq Composite falling around 2% on Tuesday.
Shares of Vaxcyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCVX#NASDAQ">PCVX</a>) rose sharply during Tuesday's session after the company released topline results from the Phase 1/2 study evaluating the safety, tolerability and immunogenicity of VAX-31, the company&#8217;s 31-valent pneumococcal conjugate vaccine (PCV) candidate designed to prevent <a href="https://www.benzinga.com/general/biotech/24/09/40688264/bacterial-infections-vaccine-developer-vaxcytes-pneumococcal-shot-shows-promise-in-mid-stage-tria">invasive pneumococcal disease.</a>
VAX-31 was well tolerated and demonstrated a safety profile at all doses studied through the full six-month evaluation period, similar to Pfizer Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) Prevnar 20 (PCV20).
Vaxcyte shares jumped 43.5% to $115.92 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Sable Offshore Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOC#NYSE">SOC</a>) shares rose 28.8% to $21.69.</li>
<li>Shoals Technologies Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) gained 21.8% to $6.57 after the company received a favorable legal ruling from the U.S. ITC in its patent infringement complaint against Voltage, LLC and a related foreign entity.</li>
<li>Polestar Automotive Holding UK PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSNY#NASDAQ">PSNY</a>) rose 16% to $1.4150 after the company appointed former Stellantis executive Jean-Francois Mady as its new CFO.</li>
<li>Big Tree Cloud Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DSY#NASDAQ">DSY</a>) gained 12.6% to $5.99.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) jumped 10.7% to $12.57 after Raymond James upgraded the stock from Market Perform to Outperform and announced a $17 price target.</li>
<li>Unity Software Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) rose 9.4% to $17.91 after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.</li>
<li>BridgeBio Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBIO#NASDAQ">BBIO</a>) jumped 8.5% to $30.24. HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterated BridgeBio Pharma with a Buy and maintained a $43 price target.</li>
<li>Montana Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRJ#NASDAQ">AIRJ</a>) gained 8.4% to $6.05.</li>
<li>Intchains Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICG#NASDAQ">ICG</a>) gained 8.1% to $7.89.</li>
<li>Keros Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KROS#NASDAQ">KROS</a>) climbed 8.1% to $49.04 after the company announced an update on enrollment in the Phase 2 TROPOS trial.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) rose 4.8% to $8.44. XPeng delivered 14K smart EVs in August, up by 3% year over year.</li>
<li>Vera Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERA#NASDAQ">VERA</a>) gained 4.5% to $39.53. JP Morgan analyst Anupam Rama maintained Vera Therapeutics with an Overweight and raised the price target from $62 to $72.</li>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) rose 4.5% to $12.94. Friday, the FDA granted Emergency Use Authorization to the company's COVID-19 Vaccine, Adjuvanted (2024-2025 Formula) (NVX-CoV2705) for active immunization to prevent COVID-19 in individuals aged 12 and older.</li>
<li>Bilibili Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) gained 3.7% to $14.91. B of A Securities analyst Brad Sills maintained Bilibili with a Buy and raised the price target from $18 to $19.</li>
<li>The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) rose 3.1% to $118.27.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40683473/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-this-month"> </a>
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/40683473/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-this-month">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio This Month</a></li>
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AAOI

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BBIO

BILI

KROS

NVAX

PCVX

PSNY

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VERA

XPEV

Vaxcyte, Shoals Technologies, Polestar Automotive, Applied Optoelectronics And Other Big Stocks Moving Higher On Tuesday

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the consumer staples sector.
<h3 class="wp-block-heading">Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)</h3>
<ul>
<li>Dividend Yield: 10.81%</li>
<li>UBS analyst Kevin Caliendo maintained a Neutral rating and cut the price target from $17 to $12 on July 3. This analyst has an accuracy rate of 74%.</li>
<li>RBC Capital analyst Ben Hendrix maintained a Sector Perform rating and slashed the price target from $22 to $13 on July 2. This analyst has an accuracy rate of 76%.</li>
<li>Recent News: On Aug. 19, Walgreens and BARDA announced a strategic partnership to strengthen decentralized clinical trials model and reporting.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="https://pro.benzinga.com/dashboard">latest WBA news</a></li>
</ul>
<h3 class="wp-block-heading">The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>)</h3>
<ul>
<li>Dividend Yield: 4.52%</li>
<li>Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and raised the price target from $34 to $35 on Aug. 1. This analyst has an accuracy rate of 63%.</li>
<li>Morgan Stanley analyst Pamela Kaufman maintained an Equal-Weight rating and slashed the price target from $39 to $36 on Nov. 2, 2023. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On July 31, Kraft Heinz reported better-than-expected second-quarter adjusted EPS results.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://pro.benzinga.com/dashboard"> trend in KHC stock.</a></li>
</ul>
<h3 class="wp-block-heading">The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>)</h3>
<ul>
<li>Dividend Yield: 3.77%</li>
<li>DA Davidson analyst Brian Holland maintained a Neutral rating with a price target of $121 on Aug. 29. This analyst has an accuracy rate of 67%.</li>
<li>JP Morgan analyst Ken Goldman maintained a Neutral rating and raised the price target from $126 to $128 on Feb. 28. This analyst has an accuracy rate of 81%.</li>
<li>Recent News: On Aug. 28, The J. M. Smucker Company reported upbeat quarterly earnings, but lowered its annual outlook.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://pro.benzinga.com/dashboard">breakout in SJM shares</a>.</li>
</ul>

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Dividends

Wall Street's Most Accurate Analysts Say Hold These 3 Defensive Stocks With Over 3% Dividend Yields

Barclays analyst Andrew Lazar maintains JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) with a Equal-Weight and lowers the price target from $123 to $121.

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Analyst Ratings

Barclays Maintains Equal-Weight on JM Smucker, Lowers Price Target to $121

Dollar General (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) announced disappointing second-quarter earnings on Thursday, attributing the results to financially constrained <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">lower-income consumers</a>.
What Happened: The discount retailer revealed that its core customers, primarily households earning less than $35,000 annually, are feeling more financially pressured than six months ago. CEO Todd Vasos noted that higher prices, softer employment levels, and increased borrowing costs have negatively impacted these consumers.
"The majority of them state that they feel worse off financially than they were six months ago as higher prices, softer employment levels and increased borrowing costs have negatively impacted low-income consumer incentive," he said.
Dollar General reported a 0.5% increase in same-store sales for the quarter ending Aug. 2, falling short of both its own and Wall Street&#8217;s expectations. The growth was driven solely by consumables like food, rather than discretionary items.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40568347/after-binance-and-coinbase-gary-gensler-led-sec-set-to-lock-horns-with-crypto-exchange-kra?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">After Binance And Coinbase, Gary Gensler-Led SEC Set To Lock Horns With Crypto Exchange Kraken</a>
Shares of Dollar General plummeted over 30% following the earnings release. Net sales rose by 4.2% year-over-year to $10.2 billion, while operating profit fell 20.6% to $550 million, partly due to <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">markdowns and inventory losses</a>.
In contrast, competitors Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) and Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) reported strong sales growth in their <a href="https://www.benzinga.com/markets/equities/24/08/40486532/whats-happening-with-walmart-stock-following-targets-strong-q2-results">latest quarters</a>. Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>), another rival, is set to report earnings next week.
Why It Matters: The earnings miss by Dollar General underscores a broader trend of cautious consumer spending amid persistent inflation. Even household names like J M Smucker Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) have warned of reduced consumer spending, affecting <a href="https://www.benzinga.com/markets/equities/24/08/40634810/inflation-is-eating-into-sales-of-companies-across-the-board-even-this-household-food-name">sales across various sectors</a>.
Additionally, economic data has shown a mixed outlook. UBS Global Wealth Management recently increased the probability of a U.S. recession to 25%, citing softening job growth and unsettling unemployment data. Despite this, the firm still anticipates a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40574036/ubs-raises-us-recession-probability-to-25-amid-cloudy-economic-outlook">soft landing for the economy</a>, driven by consumer spending, albeit with a &#8220;cloudy&#8221; economic outlook.
Moreover, traders have scaled back their bets on a significant rate cut by the Federal Reserve, following an upward revision of U.S. GDP growth in <a href="https://www.benzinga.com/news/large-cap/24/08/40639345/traders-scale-back-bets-on-50-basis-point-september-rate-cut-ahead-of-fridays-key-fed-inflation-ga">the second quarter</a>. This adjustment comes as the market eagerly awaits the release of the Personal Consumption Expenditure (PCE) price index, the Fed's preferred inflation gauge.
Initial jobless claims totaled 231,000 for the week ending Aug. 24, down from the upwardly revised 233,000 the previous week and <a href="https://www.benzinga.com/government/24/08/40624663/us-economy-expands-by-3-in-q2-surpasses-earlier-estimates-jobless-claims-little-moved-last-week">slightly below the expected 232,000</a>.
Price Action: Dollar General&#8217;s stock closed at $84.03 on Thursday, down 32.15% for the day. In after-hours trading, the stock slightly recovered by 0.083%. Year to date, the stock has declined by 40.16%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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</ul>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Economics

DLTR

Dollar General Says Majority Of People Who Shop There 'Feel Worse Off Financially' Compared With 6 Months Ago Amid Price Hikes, Softer Employment Levels

During this quarter's earnings cycle, many companies have <a href="https://www.benzinga.com/topic/inflation">warned of cautious consumers due to high and persistent inflation. </a>And it's not just big-ticket items such as cars and furniture on which consumers are cutting back.
J M Smucker Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>), the parent company of Smucker's jelly and jams, warned that people are cutting back spending at convenience stores. Smucker's, which also owns the Jif peanut butter and Uncrustable brands, reported stronger-than-expected EPS in the company's first quarter, but the company's lower guidance and cautious commentary led to a sell-off in shares after the report.
Shares closed Wednesday's session down nearly 5%; on Thursday, shares were down 1.30% at $113.32 at publication.
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">Dollar General Q2 Earnings: Earnings Miss, Slashed Outlook And Shrinking Margins </a><a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins"> </a>Analysts adjusted their expectations on the packaged-food giant, with CitiGroup, BofA Securities and TD Cowen all lowering their price targets following the report. The company did highlight significant, double-digit growth in its Uncrustable brand, a packaged peanut butter and jelly sandwich found in the frozen section of grocery stores. But, in other areas such as coffee, executives at Smucker's highlighted higher input costs caused the company to raise prices, thus weakening sales.
If consumers continue to cut back on spending at convenience stores and on brand-name products, it could be a headwind for other food companies such as Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>), Kraft Heinz (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) and General Mills (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>). Thursday morning, Dollar General Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) <a href="https://www.benzinga.com/news/earnings/24/08/40623595/dollar-general-q2-earnings-earnings-miss-slashed-outlook-and-shrinking-margins">reported earnings</a> that came in below Wall Street estimates and warned of a &#8220;cash-strapped&#8221; customer, echoing the sentiment from Smucker's.
Price consumption expenditures data, the Federal Reserve's preferred gauge of inflation, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40624107/traders-brace-for-feds-favorite-inflation-report-friday-july-price-pressures-expect">will be released Friday morning and should shed more light on whether prices are rising or cooling. </a>Read Next: <a href="https://www.benzinga.com/news/earnings/24/08/40602246/j-m-smucker-cuts-fy25-outlook-following-q1-earnings-read-why">J.M. Smucker Cuts FY25 Outlook Following Q1 Earnings: Read Why</a>
Photo: Shutterstock

General

MDLZ

Inflation Is Eating Into Sales Of Companies Across The Board, Even This Household Food Name

The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) reported upbeat quarterly earnings, but lowered <a href="https://www.benzinga.com/quote/SJM/earnings">its annual outlook.</a>
JM Smucker reported quarterly earnings of $2.44 per share which beat the analyst consensus estimate of $2.17 per share. The company reported quarterly sales of $2.13 billion which met the analyst consensus estimate.
"These results are driven by the focus we have established and progress we have made in delivering our core business, successfully integrating Hostess Brands, and achieving our goals for transformation, cost discipline, and cash generation," said Mark Smucker, Chair of the Board, President and Chief Executive Officer.
J.M. Smucker said it now expects annual net sales to rise in the range of 8.5% to 9.5%, versus its prior outlook of a 9.5% to 10.5% increase. It now sees fiscal 2025 adjusted earnings of $9.60 to $10.00 per share, versus earlier outlook of $9.80 to $10.20 per share.
J.M. Smucker shares fell 1.4% to trade at $113.12 on Thursday.
These analysts made changes to their price targets on J.M. Smucker following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e7353ee5f2b9b00011506f5/peter-galbo">B of A Securities analyst Peter Galbo</a> maintained JM Smucker with a Neutral and lowered the price target from $130 to $122.</li>
<li>Citigroup analyst Thomas Palmer maintained the stock with a Buy and lowered the price target from $138 to $136.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/580f253b846faa000139ba71/robert-moskow">TD Cowen analyst Robert Moskow</a> maintained JM Smucker with a Buy and lowered the price target from $135 to $132.</li>
</ul>
Considering buying SJM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="507" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29132420/image-304-1024x507.png" alt="" class="wp-image-521396" style="width:578px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29132420/image-304-1024x507.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29132420/image-304-300x149.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29132420/image-304-768x380.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/29132420/image-304.png 1327w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

These Analysts Slash Their Forecasts On JM Smucker After Q1 Earnings

TD Cowen analyst Robert Moskow maintains JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) with a Buy and lowers the price target from $135 to $132.

TD Cowen Maintains Buy on JM Smucker, Lowers Price Target to $132

Citigroup analyst Thomas Palmer maintains JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) with a Buy and lowers the price target from $138 to $136.

Citigroup Maintains Buy on JM Smucker, Lowers Price Target to $136

DA Davidson analyst Brian Holland maintains JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) with a Neutral and maintains $121 price target.

DA Davidson Maintains Neutral on JM Smucker, Maintains $121 Price Target

B of A Securities analyst Peter Galbo maintains JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) with a Neutral and lowers the price target from $130 to $122.

B of A Securities Maintains Neutral on JM Smucker, Lowers Price Target to $122

Wall Street faces a wave of risk-off sentiment on Wednesday, as traders adopt a cautious stance ahead of NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) earnings, which are set to be released <a href="https://www.benzinga.com/trading-ideas/24/08/40604296/nvidias-next-earnings-report-could-swing-its-market-cap-by-300-billion-and-increase-the-s-p-500-gai">after the market close.</a>
At midday trading in New York, all major equity indices were in the red, weighed down by broad declines in chipmakers and tech stocks.
The iShares Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) fell 2%, underperforming the broader tech-heavy Nasdaq 100, down 1.1%. 
The CBOE Volatility Index or VIX, a key barometer of the fear in the market, rose 8%. 
As the last of the Magnificent Seven megacaps to report earnings, Nvidia&#8217;s results are viewed as a crucial indicator of whether the recent market rebound has more room to run, potentially pushing toward new all-time highs, or if it&#8217;s time for investors to dial back risk.
Key metrics to watch include whether Nvidia surpasses the projected $28.7 billion in quarterly revenue — a staggering 156% increase from the same quarter last year — and $0.645 earnings per share, more than triple from the same period in 2022. 
Nvidia&#8217;s forward guidance will also be critical, as investors seek insight into the demand for its leading AI-related chips and any challenges posed by China.
In a significant achievement during Wednesday&#8217;s session, Warren Buffett&#8217;s Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) reached <a href="https://www.benzinga.com/top-stories/24/08/40604676/warren-buffetts-berkshire-hathaway-breaks-1-trillion-poll-points-to-big-pharma-not-tech-as-next-cont">the milestone of a $1 trillion market valuation.</a>
The U.S. dollar is showing a modest recovery, up 0.4% after closing Tuesday at its lowest level since July 2023. Treasury yields remain stable, while gold is struggling, down 0.6%, with silver experiencing a sharper 2% decline.
Oil prices continue to fall, with WTI crude down 1.3%, as traders unload the risk premium amid easing geopolitical tensions in the Middle East and less concerning Libyan production disruptions than initially feared.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remains under pressure, down 1% to $58,850, following a more than 7% decline over the past two sessions.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,053.09</td>
<td>-0.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,592.49</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,191.39</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,362.15</td>
<td>-1.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:10 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082824&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 0.7% down to $557.94.</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased down 0.4% to $411.11.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 1.2% to $470.98.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% to $217.34.</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 0.2%. The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down by 1.5%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Super Micro Computer Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NYSE">SMCI</a>) plunged 26% after announcing it won&#8217;t meet the deadline to file its annual Form 10-K for the fiscal year ended June 30. This comes just a day after short-seller <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40606308/super-micro-computer-short-report-shows-limited-evidence-of-accounting-wrongdoing-a">Hindenburg Research released</a> a report accusing the company of accounting manipulation.</li>
<li>Other crypto-related stocks weakened, with CleanSpark Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) down 5.3%, 4.7% and 4.6% respectively. </li>
<li>Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) rallied 14% in reaction to its upbeat quarterly earnings.</li>
<li>Other stocks reacting to company earnings were Abercrombie &amp; Fitch Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) down 17%, Ambarella Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) up 9%, Bath &amp; Body Works, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBWI#NYSE">BBWI</a>) down 6%, Box Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) up 7.5%, Donaldson Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCI#NYSE">DCI</a>) down 4.3%, Foot Locker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) down 12%, Nordstrom Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) up 4%, PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) up 6.6%, SentinelOne Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) down 2% and J.M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) down 5.8%.</li>
<li>Companies reporting after the close included Nvidia Corp., Salesforce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), Veeva Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>), NetApp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), Pure Storage Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSTG#NYSE">PSTG</a>), Cooper Companies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>), Okta Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>), Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), Five Below Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) and Victoria Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>).</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40604424/10-etfs-poised-for-wild-swings-following-nvidia-earnings">10 ETFs Poised For Wild Swings Following Nvidia Earnings</a> Don&#8217;t miss the opportunity to dominate in a volatile market at the <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference</a> on Oct. 9-10 at the Chicago Marriott Downtown Magnificent Mile. Get exclusive access to CEO presentations, 1:1 meetings with investors and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders. Secure your spot and get your tickets today! Photo: Shutterstock</li>
</ul>

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

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AMBA

BBWI

CHWY

CLSK

COIN

CRWD

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OKTA

PSTG

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SOXX

VEEV

VSCO

US Stocks, Chipmakers Fall Ahead Of Nvidia Earnings, Berkshire Hits $1 Trillion, Super Micro Computer Sinks: What's Driving Markets Wednesday?

The J.M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) shares are<a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40596898/the-j-m-smucker-co-announces-fiscal-2025-first-quarter-results" rel="noreferrer noopener"> trading lower on Wednesday.</a>
The company reported first-quarter adjusted earnings per share of $2.44 (+10% Y/Y), beating the analyst consensus estimate of $2.17. Quarterly sales of $2.125 billion (+18% Y/Y) <a href="https://www.benzinga.com/earnings">slightly missed the Street view of $2.133 billion.</a>
&#8220;These results are driven by the focus we have established and progress we have made in delivering our core business, successfully integrating Hostess Brands, and achieving our goals for transformation, cost discipline, and cash generation,&#8221; said&nbsp;Mark Smucker, Chair of the Board, President and Chief Executive Officer.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40598540/bath-body-works-q2-eps-manages-to-beat-but-sales-stumble-ceo-promises-to-navigate-retail-storms" rel="noreferrer noopener">Bath &amp; Body Works&#8217; Q2 EPS Manages To Beat, But Sales Stumble – CEO Promises To Navigate Retail Storms</a>
Gross profit rose by $142.4 million, or 22%. Adjusted gross profit increased&nbsp;$188.1 million, or 29%.
This increase was largely due to the acquisition of Hostess Brands and positive volume/mix effects, though the impact of divestitures partially offset it.
Operating cash flow was $172.9 million, down from $217.9 million in the prior year, primarily due to increased cash needed for working capital, though partially offset by higher net income adjusted for noncash items.
Outlook: J.M. Smucker projects FY25 Adjusted&nbsp;EPS to range $9.60 to $10.00, compared to the prior estimate of $9.80 to $10.20 and the $10.03 estimate.
The company also expects net sales growth of 8.5% to 9.5%, down from the previous range of 9.5% to 10.5%. Comparable net sales<a target="_blank" href="https://newsdesk.benzinga.com/calendar/guidance" rel="noreferrer noopener"> is expected to increase approximately 0.5%-1.5%.</a>
&#8220;The updated net sales guidance reflects an ongoing dynamic consumer environment driven by inflationary pressures and diminished discretionary income affecting the dog snacks and sweet baked goods categories, and the anticipated impacts of elasticity of demand within our coffee portfolio due to additional pricing actions as a result of higher than expected green coffee costs, partially offset by increased expectations for&nbsp;Uncrustables&nbsp;sandwiches,&#8221; the company said.
Price Action: SJM shares are trading lower by 4.59% to $115.16 at last check Wednesday.
Photo by Willis Lam <a href="https://www.flickr.com/photos/85567416@N03/15820668979">via Flickr</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/24/08/40596411/nasdaq-s-p-500-futures-flatline-as-traders-await-earnings-report-from-ai-barometer-nvidia-fund-mana" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P 500 Futures Flatline As Traders Await Earnings Report From AI Barometer Nvidia: Fund Manager Says Market Could Hold Up Until Presidential Election</a></li>
</ul>

Guidance

J.M. Smucker Cuts FY25 Outlook Following Q1 Earnings: Read Why

U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Wednesday.
The Dow traded up 0.17% to 41,321.67 while the NASDAQ fell 0.42% to 17,679.73. The S&amp;P 500 also fell, dropping, 0.07% to 5,621.87.
Check This Out:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40596469/4-5m-bet-on-this-consumer-cyclical-stock-check-out-these-3-stocks-executives-are-buying"> $4.5M Bet On This Consumer Cyclical Stock? Check Out These 3 Stocks Executives Are Buying</a>
Leading and Lagging Sectors Financials shares climbed by 0.2% on Wednesday.
In trading on Wednesday, energy shares fell by 0.8%.
Top Headline
The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) reported upbeat quarterly earnings, but lowered its annual outlook.
JM Smucker reported quarterly earnings of $2.44 per share which beat the analyst consensus estimate of $2.17 per share. The company reported quarterly sales of $2.13 billion which met the analyst consensus estimate.
J.M. Smucker said it now expects annual net sales to rise in the range of 8.5% to 9.5%, versus its prior outlook of a 9.5% to 10.5% increase. It now sees fiscal 2025 adjusted earnings of $9.60 to $10.00 per share, versus earlier outlook of $9.80 to $10.20 per share.
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>Bolt Projects Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSLK#NASDAQ">BSLK</a>) shares shot up 87% to $3.8842.</li>
<li>Shares of Virax Biolabs Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>) got a boost, surging 49% to $7.29 after the company announced a distribution agreement to commercialize Mpox virus RT-PCR detection kits in Europe and the Middle East.</li>
<li>BranchOut Food Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) shares were also up, gaining 47% to $0.9848 after the company reported a year-over-year increase in its H1 revenue results.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) shares dropped 24% to $0.0896. AGAPE ATP announced a 1-for-20 reverse stock split effective Aug. 30.</li>
<li>Shares of Neurocrine Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIX#NASDAQ">NBIX</a>) were down 19% to $123.20 despite its Phase 2 study of NBI-1117568 in schizophrenia meeting its primary endpoint.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) was down, falling 18% to $451.42 after the company announced that it will delay its Form 10-K filing.</li>
</ul>
Commodities In commodity news, oil traded down 1.1% to $74.73 while gold traded down 0.6% at $2,537.80.
Silver traded down 2.2% to $29.33 on Wednesday, while copper fell 1.7% to $4.2305.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.4%, Germany's DAX rose 0.8% and France's CAC 40 rose 0.4%. Spain's IBEX 35 Index rose 0.2%, while London's FTSE 100 fell 0.1%.
Bank lending to households in the Eurozone climbed by 0.5% year-over-year to €6.883 trillion in July. Industrial sales in Italy increased by 0.1% from the prior month in June. The consumer confidence indicator in France climbed to 92.1 in August from 90 in the prior month.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 gaining 0.22%, Hong Kong's Hang Seng Index falling 1.02%, China's Shanghai Composite Index falling 0.40% and India's BSE Sensex rising 0.09%.
The index of leading economic indicators in Japan came in at 109 in June compared to 111.1 in the prior month. The index of coincident economic indicators in Japan fell to 113.2 in June from 117.1 in May.
Economics
Mortgage applications in the U.S. rose 0.5% from the earlier week in the period ending Aug. 23.
Now Read This:
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<li> <a href="https://www.benzinga.com/news/24/08/40599186/top-2-tech-stocks-that-may-fall-off-a-cliff-in-august">Top 2 Tech Stocks That May Fall Off A Cliff In August</a></li>
</ul>

Eurozone

ATPC

BSLK

NBIX

VRAX

US Stocks Mixed; JM Smucker Slashes Annual Guidance

WIIM

The J.M. Smucker Company shares are trading lower after the company cut its FY25 guidance.

The J.M. Smucker Company Sees FY25 EPS Of $9.60-$10.00 Vs. $10.03 Estimate (Prior View: $9.80-$10.20), Expects Net Sales Growth In The Range Of 8.5%-9.5% (Prior View: 9.5%-10.5%)

JM Smucker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) reported quarterly earnings of $2.44 per share which beat the analyst consensus estimate of $2.17 by 12.44 percent. This is a 10.41 percent increase over earnings of $2.21 per share from the same period last year. The company reported quarterly sales of $2.13 billion which met the analyst consensus estimate. This is a 17.73 percent increase over sales of $1.80 billion the same period last year.

Earnings Beats

JM Smucker Q1 Adj $2.44 Beats $2.17 Estimate, Sales $2.13B Inline

Sentiment on Wall Street could be guarded until Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40585459/nvidia-stock-q2-earnings-preview-analyst-says-ai-cycle-far-from-over-company-has-fi">earnings are in the rearview mirror. </a>The index futures are barely holding up early Wednesday. Given the absence of any major catalyst, stocks could tread water and could move about listlessly. That said, the retail space could see some strength, encouraged by Nordstrom, Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) earnings, while some positive tech earnings could bolster sentiment toward that space.
Market strategist Ed Yardeni said in Yardeni Research&#8217;s weekly preview that Nvidia earnings are a function of AI investments by mostly other large-cap tech companies, making the AI stalwart the fulcrum of not only the AI trade but a big portion of the entire stock market rally. &#8220;Nvidia&#8217;s earnings will begin to be supported by rising demand from other tech and many non-tech companies in the S&amp;P 493,&#8221; he said.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.09%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.06%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.01%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.05%</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 0.08% to $562, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.11% to $477.28, 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 meandered back and forth across the unchanged line on Tuesday before ending higher, with IT stocks providing the thrust. After a negative start, the indices recovered after a report showed consumer confidence rose to the highest since February amid an improvement in inflation expectations. The averages went about in a listless manner and yet had enough momentum to close in the green.
The Dow Industrials scaled a fresh closing high, although the 30-stock blue-chip average could not break above its intraday high. The S&amp;P 500 inched further toward its record close of 5,667.20 hit on July 16, while small-caps fell for a second straight session following their recent runup. 
<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>+0.16%</td>
<td>17,754.82</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.16%</td>
<td>5,625.80</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.02%</td>
<td>41,250.50</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.67%</td>
<td>2,203.00</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Fund manager Louis Navellier expects the market to rally through the presidential election. &#8220;Historically, the stock market rallies into Presidential Election Day since the candidates are promising voters everything and anything,&#8221; he said, adding that &#8220;no taxes on tips and social security benefits are very popular, as are larger child tax credits, plus aid for first-time homeowners.&#8221;
Upcoming Economic Data
<ul>
<li>The Energy Information is due to release its weekly petroleum status report at 10:30 a.m. EDT.</li>
<li>Atlanta Fed President Raphael Bostic&#8217;s speech will make a public appearance at 6 p.m. EDT.</li>
<li>The Treasury will auction five-year notes at 1 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Nordstrom rose about 8% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>Other stocks moving on earnings are Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) (up over 23%), Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) (up over 7.50%), nCino, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNO#NASDAQ">NCNO</a>) (down over 12.5%), PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) (down over 8%), Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) (up over 4%)and SentinelOne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) (up over 2%).</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>), Chewy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>), Foot Locker, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>), J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>), Kohl&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) and Patterson Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDCO#NASDAQ">PDCO</a>) are among the key companies reporting their earnings ahead of the market open.</li>
<li>Those reporting after the close include Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), &nbsp;Cooper Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COO#NASDAQ">COO</a>), CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), NetApp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>), Okta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>), Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) and Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>).</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is extending the <a href="https://www.benzinga.com/trading-ideas/short-ideas/24/08/40579899/super-micro-computer-stock-falls-on-short-report-hindenburg-says-company-has-accounting">weakness seen on Tuesday on the back of a short report.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil and gold futures extended their weakness and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) retreated below the $60K level. The yield on the 10-year Treasury note fell 1.1 basis points to 3.822%.
Asian stocks closed Wednesday&#8217;s session on a mixed note, while European stocks were firmer in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40594093/economist-peter-schiff-warns-fed-may-be-committing-mistake-by-lowering-rates-in-sep">Economist Peter Schiff Warns Fed May Be Committing Mistake By Lowering Rates In September As Dollar Index Falls To Lowest In Over A Year</a></li>
</ul>
Photo via Shutterstock

Futures

Previews

Federal Reserve

NCNO

PDCO

Nasdaq, S&P 500 Futures Flatline As Traders Await Earnings Report From AI Barometer Nvidia: Fund Manager Says Market Could Hold Up Until Presidential Election

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, with the index in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled slightly higher on Tuesday, ahead of earnings reports from NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Traders are expecting the Federal Reserve to cut rates by at least 25 basis points at the Sept. 17-18 policy meeting.
ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) reported worse-than-expected fourth-quarter financial results. American Woodmark Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMWD#NASDAQ">AMWD</a>) shares fell around 11% after the company reported worse-than-expected first-quarter financial results and expects FY25 sales to decline in low single digits.
On the economic data front, the S&amp;P CoreLogic Case-Shiller home price index climbed by 6.5% year-over-year in June compared to a revised 6.9% rise in the prior month. The FHFA house price index fell 0.1% in June, compared to market expectations for a 0.2% gain.
Most sectors on the S&amp;P 500 closed on a positive note, with financials, information technology and real estate stocks recording the biggest gains on Tuesday. However, energy and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 10 points to 41,250.50 on Tuesday. The S&amp;P 500 rose 0.16% to 5,625.80, while the Nasdaq Composite gained 0.16% at 17,754.82 during Tuesday's session.
Investors are awaiting earnings results from NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) and The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) today.
At a current reading of 52.9, the index moved to the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 43.6.
What is CNN Business Fear &amp; Greed Index?
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/news/24/08/40576188/microsoft-synaptics-and-2-other-stocks-executives-are-selling">Microsoft, Synaptics And 2 Other Stocks Executives Are Selling</a></li>
</ul>

AMWD

SCSC

S&P Edges Higher Ahead Of Nvidia Earnings: Investors Sentiment Improves

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to report quarterly earnings at 64 cents per share on revenue of $28.68 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. NVIDIA shares fell 0.5% to $127.70 in after-hours trading.</li>
<li>Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) reported stronger-than-expected earnings for its second quarter on Tuesday. The company reported quarterly earnings of 96 cents per share, which beat the analyst consensus estimate of 71 cents per share. Nordstrom shares climbed 7.7% to $22.77 in the after-hours trading session.</li>
<li>Analysts are expecting HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) to post quarterly earnings at 86 cents per share on revenue of $13.38 billion. The company will release earnings after the markets close. HP shares slipped 0.03% to $35.59 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Box, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOX#NYSE">BOX</a>) reported better-than-expected financial results for the second quarter and issued strong FY25 guidance. The company said it sees fiscal year 2025 earnings of between $1.64 and $1.66 per share, versus the $1.57 estimate, and fiscal year revenue in a range of $1.086 billion to $1.09 billion, versus the $1.079 billion estimate. Box shares surged 6.9% to $30.81 in the after-hours trading session.</li>
<li>Analysts expect The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) to post quarterly earnings at $2.17 per share on revenue of $2.13 billion before the opening bell. Smucker shares gained 1.2% to $122.18 in the after-hours trading session.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40576188/microsoft-synaptics-and-2-other-stocks-executives-are-selling">Microsoft, Synaptics And 2 Other Stocks Executives Are Selling</a></li>
</ul>

Nvidia, HP And Other 3 Stocks To Watch Heading Into Wednesday

Analyst Thomas Palmer from Citi maintained a Buy rating on JM Smucker (SJM – Research Report) and decreased the price target to $136.00 from $138.0...

Buy Rating on JM Smucker: Navigating Challenges with Strategic Investments for Long-Term Growth

Stifel Nicolaus analyst Matthew Smith, CFA maintained a Buy rating on JM Smucker (SJM – Research Report) today and set a price target of $135.00. T...

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