FactSet Research Systems Azioni (NYSE: FDS)

Ultime notizie per FactSet Research Systems (NYSE:FDS) Azioni

FactSet Research Systems

FactSet provides financial data and portfolio analytics to the Global investment community. The company aggregates data from third-party data suppliers, news sources, exchanges, brokerages, and contributors into its workstations. In addition, it provides essential portfolio analytics that companies use to monitor portfolios and address reporting requirements. Buy-side clients (including wealth and corporate clients) account for 82% of FactSet's annual subscription value. In 2015, the company acquired Portware, a provider of trade execution software. In 2017, it acquired BISAM, a risk management and performance measurement provider. In 2022, it completed its purchase of CUSIP Global Services.

XCUR

Cinque azioni da tenere d&#39;occhio oggi, inclusi Darden Restaurants e FedEx, con risultati trimestrali pronti a sorprendere.

Pre-market: 5 titoli da monitorare oggi C

FactSet Research Systems Inc. Common Stock

FactSet Research Systems Inc

Fifth District Bancorp, Inc. - Common Stock

Fifth District Bancorp Inc

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Piper Sandler analyst Crispin Love downgraded the rating for Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) from Overweight to Neutral and maintained the price target of $149. Blackstone shares closed at $49.44 on Tuesday. <a href="https://www.benzinga.com/quote/BX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Maxim Group analyst Naz Rahman downgraded the rating for Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) from Buy to Hold. Virpax Pharmaceuticals shares closed at $0.4810 on Tuesday. <a href="https://www.benzinga.com/quote/VRPX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Daiwa Capital analyst Dennis Ip downgraded Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) from Outperform to Hold, but raised the price target from $18 to $25. Daqo New Energy settled at $20.94 on Tuesday. <a href="https://www.benzinga.com/quote/DQ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Redburn Atlantic analyst Russell Quelch downgraded the rating for FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) from Neutral to Sell and lowered the price target from $420 to $380. FactSet shares closed at $456.83 on Tuesday. <a href="https://www.benzinga.com/quote/FDS/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying BX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="487" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09095030/image-65-1024x487.png" alt="" class="wp-image-587778" style="width:606px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09095030/image-65-1024x487.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09095030/image-65-300x143.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09095030/image-65-768x365.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09095030/image-65.png 1425w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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News

Downgrades

Markets

Analyst Ratings

Trading Ideas

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NCLH

VRPX

This FactSet Research Analyst Turns Bearish; Here Are Top 4 Downgrades For Wednesday

Redburn Atlantic analyst Russell Quelch downgrades FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) from Neutral to Sell and lowers the price target from $420 to $380.

Price Target

Redburn Atlantic Downgrades FactSet Research Systems to Sell, Lowers Price Target to $380

Evercore ISI Group analyst David Motemeden initiates coverage on FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) with a In-Line rating and announces Price Target of $470.

Initiation

Evercore ISI Group Initiates Coverage On FactSet Research Systems with In-Line Rating, Announces Price Target of $470

BMO Capital analyst Jeffrey Silber maintains FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) with a Market Perform and raises the price target from $440 to $471.

BMO Capital Maintains Market Perform on FactSet Research Systems, Raises Price Target to $471

Wells Fargo analyst Jason Haas maintains FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) with a Equal-Weight and raises the price target from $435 to $503.

Wells Fargo Maintains Equal-Weight on FactSet Research Systems, Raises Price Target to $503

Stifel analyst Shlomo Rosenbaum maintains FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) with a Hold and raises the price target from $451 to $469.

Stifel Maintains Hold on FactSet Research Systems, Raises Price Target to $469

UBS analyst Alex Kramm maintains FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) with a Neutral and raises the price target from $455 to $485.

UBS Maintains Neutral on FactSet Research Systems, Raises Price Target to $485

RBC Capital analyst Ashish Sabadra maintains FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) with a Sector Perform and raises the price target from $464 to $503.

RBC Capital Maintains Sector Perform on FactSet Research Systems, Raises Price Target to $503

WIIM

FactSet Research Systems shares are trading higher following better-than-expected Q4 financial results.

Wall Street is in full risk-on mode following the Federal Reserve&#8217;s landmark decision to slash interest rates by 50 basis points, signaling further cuts as inflation approaches <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">the central bank&#8217;s target.</a>
The S&amp;P 500 and Dow Jones both set fresh record highs during the morning session in New York, buoyed by strong performances from the Magnificent Seven tech giants.
By midday, these elite tech stocks added over $500 billion in market value, boosting their combined market capitalization to $15.9 trillion.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led the rally, surging nearly 7% and hitting a two-month peak, while NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) climbed 5%, driving the semiconductor sector higher.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) jumped 4.6%, fully erasing its losses from September.
The Nasdaq 100 rose 2.9%, on pace for its strongest session in over a month and outperforming other major indices. Small caps joined the rally, with the Russell 2000 index surging 2%.
Commodities rallied across the board: Gold, silver, and copper increased by 1.2%, 3.8%, and 1.8%, respectively. Oil prices, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), spiked over 3%.
The bullish sentiment extended to cryptocurrencies, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rising over 2%, poised to close at its highest level since late August.
<h1 class="wp-block-heading">Thursday&#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>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,905.70</td>
<td>2.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,249.90</td>
<td>2.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,720.74</td>
<td>1.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,002.90</td>
<td>1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:25 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&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 1.8% higher to $571.52.</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 1.2% to $421.23.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 2.8% to $484.99.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.9% to $223.63.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.2%. The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 0.9%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) soared 9%, in response to its quarterly earnings and bullish outlook for upcoming quarters. </li>
<li>Also reacting to earnings reports was FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) up 5%.</li>
<li>Companies expected to report earnings after the close include FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>).</li>
</ul>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">• Bank Stocks Hit Inflection Point After Fed&#8217;s 50 Basis Point Cut, Analyst Reveals Top Picks</a> Images was created using artificial intelligence DALL-E

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

Cryptocurrency

Large Cap

Commodities

Economics

Intraday Update

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

TSLA

Wall Street Breaks Records, Chipmakers Rally, Tesla Hits 2-Month High As Fed Cut Drives Risk-On Mode: What's Driving Markets Thursday?

U.S. stocks traded higher midway through trading, with the Dow Jones index jumping more than 500 points on Thursday.
The Dow traded up 1.25% to 42,023.61 while the NASDAQ rose 2.30% to 17,976.99. The S&amp;P 500 also rose, gaining, 1.60% to 5,707.97.
Check This Out: <a href="https://www.benzinga.com/news/24/09/40937584/alphabet-mcdonalds-and-2-other-stocks-executives-are-selling">Alphabet, McDonald&#8217;s And 2 Other Stocks Executives Are Selling</a>
Leading and Lagging Sectors Information technology shares jumped by 2.9% on Thursday.
In trading on Thursday, utilities shares fell by 0.6%.
Top Headline
FactSet Research Systems Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) reported better-than-expected results for its fiscal fourth quarter.
The company posted quarterly sales growth of 4.9% year-on-year to $562.2 million, beating the analyst consensus estimate of $546.81 million. Adjusted EPS of $3.74 beat the analyst consensus estimate of $3.62.
FactSet said it sees fiscal 2025 revenue of $2.285 billion–$2.305 billion versus $2.301 billion estimate and adjusted EPS of $16.80–$17.40 versus consensus of $17.36.
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>Edgewise Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) shares shot up 37% to $26.23 after the company announced top-line data of EDG-7500 from the Phase 1 trial in healthy subjects and the single-dose arm of the Phase 2 CIRRUS-HCMtrial in patients with obstructive HCM.</li>
<li>Shares of Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) got a boost, surging 257% to $0.4545 after the company announced it will acquire sports gaming technology company Swifty Global.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares were also up, gaining 16% to $13.51 after Intel reportedly said it does not have plans to divest a majority interest in the company.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Haoxi Health Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) shares dropped 79% to $0.64. Haoxi Health Technology announced the pricing of a $12 million underwritten follow-on public offering of 4 million units at a price of $3 per unit.</li>
<li>Shares of Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) were down 30% to $17.21 after a client elected to exercise an option to terminate its services agreement with the company.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVOS#NASDAQ">VVOS</a>) was down, falling 25% to $3.10 after the company announced a $4.3 million registered offering of 1.36 million shares of common stock at $3.15 per share.</li>
</ul>
Commodities In commodity news, oil traded up 1% to $71.64 while gold traded up 0.1% at $2,600.00.
Silver traded up 1.4% to $31.115 on Thursday, while copper rose 1.1% to $4.3445.
Euro zone
European shares were higher today. The eurozone's STOXX 600 climbed 1.35%, Germany's DAX climbed 1.66% and France's CAC 40 jumped 2.11%. Spain's IBEX 35 Index rose 0.50%, while London's FTSE 100 rose 0.85%.
The Bank of England maintained the Bank Rate at 5% during its September meeting, after cutting rates by 25 bps in August. The current account surplus in the Eurozone increased to €48 billion in July from €25.5 billion in the year-ago period.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 2.13%, Hong Kong's Hang Seng Index surging 2%, China's Shanghai Composite Index gaining 0.69% and India's BSE Sensex gaining 0.29%.
Hong Kong's unemployment rate came in unchanged at 3% in the three months ending August. The Hong Kong Monetary Authority cut its base rate by 50bps to 5.25% at its recent meeting.
Economics
<ul>
<li>The U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap.</li>
<li>U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 1.7 in September from -7 in the previous month and topping market estimates of -1.</li>
</ul>
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</ul>

Earnings

Equities

Eurozone

EWTX

MBLY

PGNY

VVOS

Dow Jumps Over 500 Points; FactSet Research Posts Upbeat Earnings

FactSet Research Systems Inc&nbsp;(NYSE: FDS) reported fiscal fourth-quarter 2024 sales growth of 4.9% year-on-year to $562.2 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40935197/factset-reports-results-for-fourth-quarter-2024" rel="noreferrer noopener">analyst&nbsp;consensus estimate of $546.81 million</a>.&nbsp;
Organic revenue from the financial data, analytics, and software solutions provider rose by 5.0% Y/Y to $562.8 million, aided by wealth, banking, institutional asset managers, and asset owners.
Adjusted EPS of $3.74 beat the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $3.62</a>.
As of August&nbsp;31, the client count was 8,217, a net increase of 188 clients in the past three months. Wealth, corporates, hedge funds, and partners primarily drove the increase. The count includes clients with Annual Subscription Values (ASVs) of $10,000 and more.
Adjusted operating margin improved to 35.8% (+240 bps Y/Y).&nbsp;Adjusted EBITDA fell by 0.4% to $170.5 million.
The company held $492.6 million in cash and equivalents as of August 31, 2024.&nbsp;
&#8220;During a time of technological change and an external environment marked by both uncertainty and opportunity, FactSet&#8217;s open platform strategy is resonating with clients seeking growth and efficiency,&#8221; said Phil Snow, CEO of FactSet.
FY25 Outlook:&nbsp;FactSet&nbsp;expects a fiscal 2025 revenue outlook of $2.285 billion–$2.305 billion versus $2.301 billion estimate and adjusted EPS of $16.80–$17.40 versus&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $17.36</a>.
Factset Research Systems stock gained 5% in the last 12 months.
Price Action: FDS stock is up 0.01% at $446.85 premarket at the last check Thursday.

Guidance

Tech

FactSet Research Q4 Earnings: Revenue And Profit Beat, Adds 188 New Clients, Margin Boost And More

Business Outlook Operating Margin, Net Income and Diluted EPS
<figure class="table"> 
<table>
<tbody>
<tr>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">(Unaudited)</td>
<td colspan="3">&nbsp;</td>
<td colspan="3">&nbsp;</td>
</tr>
<tr>
<td colspan="3">Figures may not foot due to rounding</td>
<td colspan="6">Annual Fiscal 2025 Guidance</td>
</tr>
<tr>
<td colspan="3">(In millions, except per share data)</td>
<td colspan="3">Low end of range</td>
<td colspan="3">High end of range</td>
</tr>
<tr>
<td colspan="3">Revenues</td>
<td>$</td>
<td>2,285&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>2,305&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Operating income</td>
<td>$</td>
<td>765&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>749&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Operating margin</td>
<td colspan="2">33.5&nbsp;</td>
<td>%</td>
<td colspan="2">32.5&nbsp;</td>
<td>%</td>
</tr>
<tr>
<td colspan="3">Intangible asset amortization</td>
<td colspan="2">80&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">81&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Adjusted operating income</td>
<td>$</td>
<td>845&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>830&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Adjusted operating margin (a)</td>
<td colspan="2">37.0&nbsp;</td>
<td>%</td>
<td colspan="2">36.0&nbsp;</td>
<td>%</td>
</tr>
<tr>
<td colspan="3">&nbsp;</td>
<td colspan="3">&nbsp;</td>
<td colspan="3">&nbsp;</td>
</tr>
<tr>
<td colspan="3">Net income</td>
<td>$</td>
<td>598&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>577&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Intangible asset amortization</td>
<td colspan="2">66&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">66&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Discrete tax items</td>
<td colspan="2">(4)</td>
<td>&nbsp;</td>
<td colspan="2">(3)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Adjusted net income</td>
<td>$</td>
<td>660&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>640&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">&nbsp;</td>
<td colspan="3">&nbsp;</td>
<td colspan="3">&nbsp;</td>
</tr>
<tr>
<td colspan="3">Diluted earnings per common share</td>
<td>$</td>
<td>15.70&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>15.10&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Intangible asset amortization</td>
<td colspan="2">1.73&nbsp;</td>
<td>&nbsp;</td>
<td colspan="2">1.73&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Discrete tax items</td>
<td colspan="2">(0.03)</td>
<td>&nbsp;</td>
<td colspan="2">(0.03)</td>
<td>&nbsp;</td>
</tr>
<tr>
<td colspan="3">Adjusted diluted earnings per common share</td>
<td>$</td>
<td>17.40&nbsp;</td>
<td>&nbsp;</td>
<td>$</td>
<td>16.80&nbsp;</td>
<td>&nbsp;</td>
</tr>
</tbody>
</table>
</figure>

FactSet Research Systems Expects FY25 Revenue Of $2.285B-$2.305B Vs $2.301B Est, Adj EPS Of $16.80-$17.40 Vs $17.36 Est

Earnings Beats

FactSet Research Systems Q4 2024 Adj. EPS $3.74 Beats $3.62 Estimate, Sales $562.187M Beat $546.813M Estimate

U.S. stocks look set for a relief rally after the <a href="https://www.benzinga.com/markets/equities/24/09/40909187/s-p-500-briefly-hits-record-high-just-ahead-of-fed-rate-cut-extends-7-day-winning-streak-tuesday">market failed to sustain the upward momentum</a> set in motion by the 50 basis-point cut announced by the Federal Reserve on Wednesday. The index futures point to a sharply higher opening on Thursday. Given the central bank&#8217;s focus on labor market statistics, traders may closely monitor the weekly jobless claims data. The results of a regional manufacturing survey and the Conference Board&#8217;s leading economic index may also create some ripples in the market.
With the Fed decision on the back-burner, earnings could get back to the spotlight, with FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) due to report after the close. Tech and small-cap stocks remain poised to rally out of the gates even as most strategists warn of a tech rally cool-off. Volatility is on the wane amid the risk-on mood, with the CBOE Volatility Index, aka VIX, down about 9%.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+1.99%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+1.53%</td>
</tr>
<tr>
<td>Dow</td>
<td>+1.15%</td>
</tr>
<tr>
<td>R2K</td>
<td>+2.88%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) jumped 1.55% to $570.08 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 2.00% to $480.96, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Wall Street closed Wednesday&#8217;s session modestly lower despite the Fed obliging with the magnitude of the cut the market was hoping for. The major indices resigned themselves to the pattern typical of a Fed decision day and moved sideways until the announcement was made. The central bank delivered and traders indulged in strong buying that took the S&amp;P 500 Index to a new intraday high. 
The dot plot suggested policymakers will likely cut rates a 25 basis points at each of the next two decisions and by at least another percentage point in 2025. While the growth outlook was left unchanged, the unemployment rate forecasts were revised. But Fed Chair Jerome Powell&#8217;s cautious comments at the press conference spooked the market, sending stocks lower in late-afternoon trading.
<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>-0.31%</td>
<td>17,573.30</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.29%</td>
<td>5,618.26</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.25%</td>
<td>41,503.10</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.04%</td>
<td>2,206.34</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
It could be time for defensives and small-caps to shine, now that the rate-cutting cycle has begun and the door is open for more.
LPL Financial Chief Equity Strategist Jeff Buchbinder said in a note ahead of the rate cut that value stocks outperform their growth counterparts three and six months after the initial cut. The 1995 monetary policy is the most analogous to the current one, he said, adding that during the 12 months after the cut at that time, growth stocks were slightly better. But value stocks have an edge over the first six months, he said.
Defensive sectors typically outperform in the six months after the initial rate cuts, and this was particularly evident during the 1995 period that saw a soft landing and technology buildout, the strategist said. Specifically, the defense and the telecom services sector were top performers, while consumer staples and utilities also outperformed, he said. Financials did well in the 1995 cycle and performed in-line in the 2019 period, which is more comparable to the current situation than the 2001 cycle, he added.
Surprisingly, the technology sector underperformed the S&amp;P 500 after the 1995 rate cut, even though the internet buildout was in its early phases, Buchbinder said, referring to Netscape&#8217;s initial public offering which came after the first rate cut. Netscape is credited with creating the first internet browser.
&#8220;The takeaway here is that the technology sector, which as we know, is in a major buildout phase now with artificial intelligence, may not get a performance bump from a more accommodating Fed,&#8221; the strategist said.
Carson Group Chief Market Strategist Ryan Detrick pointed out a positive data point that bodes well for the market. In a post on X, he said the Fed has cut rates with stocks near all-time highs 20 times in the past. In all the instances, the S&amp;P 500 was higher a year later.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Fed has cut rates with stocks near all-time highs 20 times. The S&amp;P 500 was higher a year later 20 times. S&amp;P 500 at all-time highs now and the Fed is cutting tomorrow. <a href="https://t.co/MSHhII1Cu4">pic.twitter.com/MSHhII1Cu4</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1836069055070916634?ref_src=twsrc%5Etfw">September 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a>
Upcoming Economic Data:
<ul>
<li>The Labor Department is scheduled to release its weekly jobless claims data for the recent reporting week at 8:30 a.m. EDT. The number of individuals claiming unemployment benefits may have edged down from to 229,000 in the week ended Sept. 14, down from 230,000 in the previous week.</li>
<li>The Philadelphia Fed will release the results of its September regional manufacturing survey at 8:30 a.m. EDT. The diffusion index of business activity, the headline reading of the report, is widely expected to show continued contraction, albeit at a slower rate. Economists, on average, expect the index to increase from -7.0 in August to -1.1 in September.</li>
<li>The National Association of Realtors is due to release its existing home sales report for August at 10 a.m. EDT. Existing home sales are expected to come in at a seasonally adjusted annual rate of 3.9 million units, almost flattish with the 3.95-million-unit rate in July.</li>
<li>The Conference Board&#8217;s leading economic index, due at 10 a.m. EDT, is expected to show a 0.3% month-over-month drop for August, smaller than the 0.6% drop in July.</li>
<li>The Treasury is set to auction four- and eight-week bills at 11:30 a.m. EDT and a 10-year TIPS auction at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) shares fell nearly 8% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>Cracker Barrel Old Country Store, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>), Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) and FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies reporting their quarterly results ahead of the market open. </a></li>
<li>Those reporting after the close include FedEx and Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude futures rose in the early U.S. session, extending the gain from the previous session, as the dollar continues to be weak against most currencies barring the yen. Gold futures also firmed up. The 10-year T-note yield rose 1.9 basis points to 3.706%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied strongly following the Fed decision, with the apex crypto now trading just shy of the $62.5K level.
The major Asian averages gained notably on Thursday, as they reacted to the Fed&#8217;s largesse, with Japan benefiting from the yen&#8217;s modest weakening against the greenback. European stocks were on a firmer footing in early Thursday, with traders in the region awaiting the Bank of England&#8217;s rate decision. The Monetary Policy Committee of the central bank is widely expected to keep rates unchanged at 5.25% although signaling reductions in the future.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40927293/powell-defends-0-5-interest-rate-drop-as-right-thing-for-the-economy-doubles-down">Powell Defends 0.5% Interest Rate Drop As &#8216;Right Thing For The Economy,&#8217; Doubles Down On Fed&#8217;s Cautious, Data-Driven Approach</a></li>
</ul>
Image via Pixabay

Futures

Previews

Federal Reserve

Pre-Market Outlook

Movers

CBRL

Wall Street Primed For Relief Rally As Traders Eye Jobless Claims, FedEx Earnings After Fed's 50 Basis-Point Cut: Strategist Says These Stocks Will Gain Edge In First 6 Months Of Rate Cut

The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, with the index in the &#8220;Greed&#8221; zone on Wednesday.
U.S. stocks settled lower on Wednesday, following the Federal Reserve&#8217;s interest rate decision. The U.S. central bank slashed interest rates by 50 basis points Wednesday at its September Federal Open Market Committee meeting, lowering the federal funds rate to a range of 4.75% to 5%. This marks the first rate cut in over four years and breaks a streak of 12 consecutive months with rates held steady.
On the economic data front, housing starts in the U.S. climbed by 9.6% from the prior month to an annualized rate of 1.356 million units for August. U.S. building permits gained by 4.9% to an adjusted annual rate of 1.475 million in August.
General Mills, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>) reported better-than-expected earnings for its first quarter on Wednesday.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer staples, utilities, and information technology stocks recording the biggest losses on Wednesday. However, energy and communication services stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 104 points to 41,503.10 on Wednesday. The S&amp;P 500 fell 0.29% to 5,618.26, while the Nasdaq Composite fell 0.31% at 17,573.30 during Wednesday's session.
Investors are awaiting earnings results from Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>), FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>), and FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 56.2, the index was in the &#8220;Greed&#8221; zone on Wednesday, versus a prior reading of 55.9.
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/markets/24/09/40927530/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>

Dow Tumbles Over 100 Points Following Fed's Rate Decision: Fear & Greed Index In 'Greed' Zone

With U.S. stock futures trading higher this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) to report quarterly earnings at $1.83 per share on revenue of $2.8 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Darden shares fell 0.2% to $158.77 in after-hours trading.</li>
<li>Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) reported better-than-expected earnings for its second quarter, while <a href="https://www.benzinga.com/news/earnings/24/09/40929014/steelcase-stock-falls-after-q2-revenue-miss-details">sales missed estimates</a>. The company said it sees third-quarter revenue in a range of $785 million to $810 million and adjusted earnings of between 21 cents and 25 cents per share. Steelcase shares dipped 11.5% to $12.49 in the after-hours trading session.</li>
<li>Analysts are expecting FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) to post quarterly earnings at $3.62 per share on revenue of $546.81 million for the recent quarter. The company will release earnings before the markets open. FactSet Research shares gained 0.4% to $448.44 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Exicure Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) announced that it received an extension from the Nasdaq Hearings Panel. Exicure shares jumped 168.1% to $6.14 in the after-hours trading session.</li>
<li>Analysts expect FedEx Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) to post quarterly earnings at $4.80 per share on revenue of $21.96 billion after the closing bell. FedEx shares gained 0.5% to $299.79 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40927530/coinbase-global-electronic-arts-and-2-other-stocks-executives-are-selling">Coinbase Global, Electronic Arts And 2 Other Stocks Executives Are Selling</a></li>
</ul>
Photo via Wikimedia Commons

Darden Restaurants, FedEx And 3 Stocks To Watch Heading Into Thursday

FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/FDS/earnings">opening bell on Thursday, Sept. 19.</a>
Analysts expect the Norwalk, Connecticut-based company to report quarterly earnings at $3.62 per share, down from $2.93 per share in the year-ago period. FactSet Research is projected to post revenue of $546.81 million, compared to $535.8 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
On Aug. 5, FactSet named Kristina Karnovsky as Head of the Dealmakers and Wealth Group.
FactSet Research shares rose 1.3% to close at $445.36 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587f78ce77f9dd000126ef04/toni-kaplan">Morgan Stanley analyst Toni Kaplan </a>maintained an Underweight rating and raised the price target from $350 to $355 on June 24. This analyst has an accuracy rate of 74%.</li>
<li>RBC Capital analyst Ashish Sabadra reiterated a Sector Perform rating with a price target of $464 on June 24. This analyst has an accuracy rate of 70%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6502c14d8345120001a2ac47/scott-wurtzel">Wolfe Research analyst Scott Wurtzel </a>initiated coverage on the stock with an Underperform rating and a price target of $430 on April 11. This analyst has an accuracy rate of 69%.</li>
<li>BMO Capital analyst Jeffrey Silber maintained a Market Perform rating and increased the price target from $447 to $458 on March 25. This analyst has an accuracy rate of 73%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58bf0dbfb85e9300019063a8/shlomo-rosenbaum">Stifel analyst Shlomo Rosenbaum </a>reiterated a Hold rating with a price target of $469 on March 22. This analyst has an accuracy rate of 72%.</li>
</ul>
Considering buying FDS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="478" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16034237/image-1-30-1024x478.png" alt="" class="wp-image-548938" style="width:557px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16034237/image-1-30-1024x478.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16034237/image-1-30-300x140.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16034237/image-1-30-768x358.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/16034237/image-1-30.png 1355w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/markets/24/09/40860420/jim-cramer-hold-on-to-builders-firstsource-heres-the-problem-with-viking-therapeutics">Jim Cramer: &#8216;Hold On&#8217; To Builders FirstSource, &#8216;Here&#8217;s The Problem&#8217; With Viking Therapeutics</a></li>
</ul>

FactSet Research Likely To Report Higher Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Wells Fargo analyst Jason Haas initiates coverage on FactSet Research Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) with a Equal-Weight rating and announces Price Target of $435.

Wells Fargo Initiates Coverage On FactSet Research Systems with Equal-Weight Rating, Announces Price Target of $435

Current FactSet Executive Goran Skoko to Take on Role of Chief Revenue Officer &nbsp;
Company Reaffirms Full-Year Fiscal 2024 Guidance
NORWALK, Conn., July 23, 2024 (GLOBE NEWSWIRE) -- FactSet ("FactSet" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NASDAQ">FDS</a>), a global financial digital platform and enterprise solutions provider, today announced that Helen Shan, a seasoned FactSet executive who currently serves as Executive Vice President and Chief Revenue Officer, has been appointed Chief Financial Officer, effective immediately. Shan succeeds Linda Huber, who is transitioning out of the Company.

Management

FactSet Appoints Helen Shan As CFO, Effective Immediately; Reaffirms Full-Year Fiscal 2024 Guidance

In a report released today, Jeffrey Silber from BMO Capital maintained a Hold rating on Factset Research (FDS – Research Report), with a price targ...

Factset Research Hold Rating: Balancing Earnings Strength with Near-Term Challenges

Oppenheimer analyst Owen Lau maintained a Hold rating on Factset Research (FDS – Research Report) today. The company's shares closed yesterday at $...

Oppenheimer Keeps Their Hold Rating on Factset Research (FDS)

FactSet Research Systems: Growth Runway Is Clear Ahead

Warning: FDS is at high risk of performing badly

High-Quality Dividend Stock Universe: FactSet Research Systems Shows Attractive Valuation

FactSet Research Systems: A Resilient Business For The Long Term

MSCI, Moody's, S&P get bull ratings at Evercore, FactSet at In Line, MSCI top pick

Top 50 High Quality Dividend Stocks - September 2024 Results

MSCI upgraded, FactSet, Morningstar downgraded at Redburn

UBS' highest and lowest scoring 'quantamental signal' ideas

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Press Releases

FactSet Schedules Third Quarter 2024 Earnings Call

Aidentified Announces $12.5 Million Series B Funding from FactSet

FactSet Reports Results for Third Quarter 2024

FactSet Appoints Helen Shan as Chief Financial Officer

Dividends

FactSet Declares Dividend

FactSet Names Kristina Karnovsky as Head of the Dealmakers and Wealth Group

FactSet Schedules Fourth Quarter 2024 Earnings Call

FactSet Announces Investor Day 2024

FactSet Reports Results for Fourth Quarter 2024

General

FactSet's GHG Emissions Commitment Validated by Science Based Targets Initiative

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