From Nasdaq: 2024-07-09 12:20:00

On Tuesday, July 9, 2024, the Zacks Research Daily features new reports on major stocks, including Advanced Micro Devices, Inc., GE Aerospace, and Newmont Corporation, as well as one micro-cap stock, Atrion Corporation. Advanced Micro Devices shares have lagged behind the industry due to weakness in Gaming and Embedded businesses, facing competition from NVIDIA amidst a challenging macroeconomic environment. Portfolio strength and expanding partner base continue to benefit the company. GE Aerospace shares have outperformed the industry driven by rising global defense budgets, geopolitical tensions, and robust demand for commercial air travel. However, high costs and expenses remain a concern. Newmont’s shares have outperformed the industry, making progress with growth projects and acquisitions. Higher gold prices have also contributed to its performance. Atrion Corporation has outperformed the industry with revenue growth in the cardiovascular segment and a strong cash position, despite high inventory levels and competitive pressures.

In other news, other reports featured today include Guess?, Inc., Hartford Financial, and M&T Bank. Guess? aims to enhance its market position through brand elevation and Hartford Financial’s strategic initiatives bode well despite declining cash flows. M&T Bank’s loan growth supports its top-line, but increased expenses may impact the bottom line. Other reports feature Halozyme, Waste Connections, and American Public. Halozyme’s ENHANZE technology drives revenue growth, Waste Connections benefits from operating prowess, and American Public benefits from consistent enrollment growth. Lastly, Spirit AeroSystems, PBF Energy, and Plexus face challenges such as rising jet fuel prices, high oil prices impacting refining margins, and weakness in the industrial business unit, respectively.



Read more at Nasdaq: Top Research Reports for Advanced Micro Devices, GE Aerospace & Newmont