Nasdaq Technology

Here are three stocks with buy rank and strong value characteristics for investors to consider today, February 6:

For Immediate ReleaseChicago, IL – February 6, 2024 – Stocks in this week’s article are Lancaster Colony LANC, On Holding ONON, Rent the Runway RENT, 5E Advanced Materials FEAM and Motus GI MOTS.

For Immediate ReleaseChicago, IL – February 6, 2024 – Stocks in this week’s article are Cimpress plc CMPR, GigaCloud Technology Inc. GCT, AZZ Inc. AZZ, Pangaea Logistics Solutions Ltd. PANL and Photronics Inc. PLAB.

Coherent (COHR) reported $1.13 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 17.4%. EPS of $0.36 for the same period compares to $0.95 a year ago.

Premier, Inc. (PINC) reported $334.75 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 6.9%. EPS of $0.60 for the same period compares to $0.72 a year ago.

ChampionX (CHX) reported $943.56 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 4.3%. EPS of $0.44 for the same period compares to $0.43 a year ago.

For the quarter ended December 2023, J&J Snack Foods (JJSF) reported revenue of $348.31 million, down 0.9% over the same period last year. EPS came in at $0.52, compared to $0.42 in the year-ago quarter.

For the quarter ended December 2023, NXP Semiconductors (NXPI) reported revenue of $3.42 billion, up 3.3% over the same period last year. EPS came in at $3.71, compared to $3.73 in the year-ago quarter.

For the quarter ended December 2023, Crown Holdings (CCK) reported revenue of $2.86 billion, down 5.1% over the same period last year. EPS came in at $1.24, compared to $1.17 in the year-ago quarter.

For the quarter ended December 2023, Chegg (CHGG) reported revenue of $187.99 million, down 8.4% over the same period last year. EPS came in at $0.36, compared to $0.40 in the year-ago quarter.

For the quarter ended December 2023, Simon Property (SPG) reported revenue of $1.53 billion, up 9.1% over the same period last year. EPS came in at $3.69, compared to $2.06 in the year-ago quarter.

Varonis Systems (VRNS) reported $154.1 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 8.1%. EPS of $0.27 for the same period compares to $0.21 a year ago.

For the quarter ended December 2023, Allegiant Travel (ALGT) reported revenue of $611 million, down 0.1% over the same period last year. EPS came in at $0.11, compared to $3.17 in the year-ago quarter.

Tech stocks rose late Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.2% and the SPDR S&P Semiconductor ETF (XSD) up 0.8%.

Over the weekend investors were certainly digesting the quarterly results from Magnificent Seven players Amazon AMZN, Apple AAPL, and Meta Platforms META last Friday.  

Monday, February 5, 2024The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Meta Platforms, Inc. (META), Eaton Corporat

Tech stocks were advancing Monday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.1% and the SPDR S&P Semiconductor ETF (XSD) up 0.9%.

The International Monetary Fund (IMF) has upgraded its global growth forecast for 2024. It now anticipates a 3.1% expansion, marking a 0.2 percentage point increase from its previous projection in October. There is an expected 3.2

Two energy behemoths — Exxon Mobil Corp. XOM and Chevron Corp. CVX — reported mixed fourth-quarter earnings. Both companies beat on the bottom line while missing on the top line. However, both Exxon Mobil and Chevron reported thei