Latest news for Accredited Solns (OTC:ASII) Stock

Accredited Solutions Inc is engaged in providing high alkaline natural spring water through the Diamond Creek brand.

ACCREDITED SOLUTIONS INC by Accredited Solutions Inc.

Accredited Solutions Inc

TD Cowen analyst Shaul Eyal upgrades Fortinet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) from Hold to Buy and announces $75 price target.

News

Upgrades

Price Target

Analyst Ratings

FTNT

TD Cowen Upgrades Fortinet to Buy, Announces $75 Price Target

Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) reported quarterly earnings of $4.91 per share which missed the analyst consensus estimate of $4.94 by 0.61 percent.&nbsp;

Earnings

Earnings Misses

Snap-on Q2 2024 Adj EPS $4.91 Misses $4.94 Estimate

WIIM

Textron shares are trading lower after the company reported a Q2 revenue miss.

&quot;The supply of vacant developed lots, particularly at affordable price points, continues to be constrained across most of the country, and Forestar is uniquely positioned to take advantage of the shortage of finished lots for the homebuilding industry. Based on our fiscal year-to-date results and expectations for the&nbsp;fourth quarter, in fiscal 2024, we now expect to deliver between 14,600 and 15,100 lots compared to prior&nbsp;guidance&nbsp;of delivering between 14,500 and 15,500 lots. We still expect to generate&nbsp;$1.4 billion&nbsp;to&nbsp;$1.5 billion&nbsp;in revenue.

Guidance

Forestar Group For Fiscal 2024 Expects To Generate Revenue Of $1.4B-$1.5B Vs. $1.505B Consensus And Deliver Between 14,600-15,100 Lots

On Wednesday, July 17th, U.S. stock markets closed mixed. The S&amp;P 500 and Nasdaq fell sharply as microchip stocks plunged 6.8% due to potential U.S. trade restrictions on China, marking the Philadelphia SE Semiconductor index&#8217;s biggest drop since March 2020.
Economic data showed that U.S. industrial production rose 0.6% in June, beating the 0.3% forecast. Housing starts increased 3% to 1.314 million, and building permits climbed 3.4% to 1.446 million annually.
Among the 11 major sectors of the S&amp;P 500, technology and communication services experienced the largest percentage declines, while consumer staples emerged as the leading gainer.
The Dow Jones Industrial Average was up 0.59% and closed at 41,198.08. The S&amp;P 500 declined 1.39%, ending the day at 5,588.27, while the Nasdaq Composite fell 2.76%, finishing the session at 17,997.81.
Asian Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 closed lower by 2.51%, ending the session at 40,121.50, led by losses in the Transportation Equipment, Pharmaceutical Industry, and Rubber sectors.</li>
<li>In June, Japan&#8217;s exports rose 5.4% year-on-year, missing the expected 6.4%, while imports increased 3.2%, below the 9.3% forecast. A weaker yen helped, but demand was low. Japan&#8217;s trade balance shifted to a 224 billion yen surplus from a 1.22 trillion yen deficit in May.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.27%, ending the day at 8,036.50, led by losses in the IT, Telecoms Services, and A-REITs sectors.</li>
<li>India&#8217;s Nifty 50 rose 0.76% to 24,800.85, and Nifty 500 rose 0.02%, closing at 23,210.05.</li>
<li>China&#8217;s Shanghai Composite was up 0.48%, ending the session at 2,977.13, and the Shenzhen CSI rose 0.55%, closing at 3,520.93.</li>
<li>Hong Kong&#8217;s Hang Seng ended the session higher by 0.22% at 17,778.41.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index gained 0.17%.</li>
<li>Germany&#8217;s DAX rose 0.14%.</li>
<li>France&#8217;s CAC was up 0.58%.</li>
<li>U.K.&#8217;s FTSE 100 traded higher by 0.71%.</li>
<li>Mixed earnings reports and slower British wage growth influenced market sentiment, while Frasers surged on strong profits, boosting the retail sector.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.05% at $81.40/bbl, and Brent was down 0.08% at $85.01 bbl.</li>
<li>Natural Gas gained 0.29% to $2.040.</li>
<li>Gold was trading higher by 0.28% at $2,467.10, Silver rose 1.10% to $30.710, and Copper slid 1.29% to $4.3522.</li>
</ul>
US Futures at 06:00 AM ET
Dow futures were down 0.12%, S&amp;P 500 futures gained 0.11%, and Nasdaq 100 Futures rose 0.29%.
Forex at 06:00 AM ET
The U.S. Dollar Index increased 0.09% to 103.84, USD/JPY was up 0.16% at 156.40, and USD/AUD declined 0.12% to 1.4843.
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

Markets

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Global Markets Today While US Slept - Asia Mixed, Europe Markets Advance, While Dollar Gains And Gold Near Record High

IIIN

Insteel Industries Sees Selling Prices And Spreads Under Pressure In Q4, Particularly Where It Competes With Imported PC Strand

Forestar Group shares are trading lower after the company reported worse-than-expected Q3 EPS and revenues.

Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) reported quarterly earnings of $1.54 per share which beat the analyst consensus estimate of $1.49 by 3.36 percent. The company reported quarterly sales of $3.527 billion which missed the analyst consensus estimate of $3.554 billion by 0.75 percent. This is a 3.01 percent increase over sales of $3.424 billion the same period last year.

Earnings Beats

Textron Q2 2024 Adj EPS $1.54 Beats $1.49 Estimate, Sales $3.527B Miss $3.554B Estimate

In pursuit of these initiatives, SNA project that capital expenditures in 2024 will be in the range of $100 million to $110 million, of which $45.0 million was incurred in the first six months of the year. 
Snap-on currently anticipates that its full-year 2024 effective income tax rate will be in the range of 22% to 23%.

Snap-on Expects To Make Ongoing Progress Along Its Defined Runways For Coherent Growth In 2024

Insteel  shares are trading lower following soft Q3 earnings.

D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) reported quarterly earnings of $4.10 per share which beat the analyst consensus estimate of $3.78 by 8.47 percent. The company reported quarterly sales of $9.966 billion which beat the analyst consensus estimate of $9.771 billion by 2.00 percent. This is a 2.47 percent increase over sales of $9.726 billion the same period last year.

D.R. Horton Q3 2024 GAAP EPS $4.10 Beats $3.78 Estimate, Sales $9.966B Beat $9.771B Estimate

Insteel Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIIN#NYSE">IIIN</a>) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.43 by 20.93 percent. This is a 37.04 percent decrease over earnings of $0.54 per share from the same period last year. The company reported quarterly sales of $145.78 million which missed the analyst consensus estimate of $153.04 million by 4.75 percent. This is a 12.03 percent decrease over sales of $165.71 million the same period last year.

Insteel Indus Q3 EPS $0.34 Misses $0.46 Estimate, Sales $145.78M Miss $153.04M Estimate

Forestar Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOR#NYSE">FOR</a>) reported quarterly earnings of $0.76 per share which missed the analyst consensus estimate of $0.93 by 18.28 percent. This is a 18.28 percent decrease over earnings of $0.93 per share from the same period last year. The company reported quarterly sales of $318.400 million which missed the analyst consensus estimate of $379.202 million by 16.03 percent. This is a 13.69 percent decrease over sales of $368.900 million the same period last year.

Forestar Group Q3 2024 GAAP EPS $0.76 Misses $0.93 Estimate, Sales $318.400M Miss $379.202M Estimate

KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) reported quarterly earnings of $0.25 per share which met the analyst consensus estimate. The company reported quarterly sales of $1.526 billion which beat the analyst consensus estimate of $1.525 billion by 0.05 percent. This is a 4.33 percent decrease over sales of $1.595 billion the same period last year.

KeyCorp Q2 2024 GAAP EPS $0.25, Inline, Sales $1.526B Beat $1.525B Estimate

Snap-on (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNA#NYSE">SNA</a>) reported quarterly sales of $1.179 billion which missed the analyst consensus estimate of $1.200 billion by 1.72 percent. This is a 1.01 percent decrease over sales of $1.191 billion the same period last year.

Snap-on Q2 Sales $1.179B Miss $1.200B Estimate

TD Cowen analyst Jason Seidl downgrades Hub Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) from Buy to Hold and lowers the price target from $50 to $43.

Downgrades

HUBG

TD Cowen Downgrades Hub Group to Hold, Lowers Price Target to $43

Domino's Pizza shares are trading lower after the company reported mixed Q2 results.

Needham analyst Charles Shi reiterates Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) with a Buy and maintains $210 price target.

Reiteration

Needham Reiterates Buy on Taiwan Semiconductor, Maintains $210 Price Target

HC Wainwright &amp; Co. analyst Heiko Ihle maintains Largo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGO#NASDAQ">LGO</a>) with a Buy and lowers the price target from $4.8 to $4.7.

HC Wainwright & Co. Maintains Buy on Largo, Lowers Price Target to $4.7

Hyatt Hotels Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) is reportedly close to finalizing a deal to acquire boutique hotel operator Standard International, continuing its trend of expanding luxury properties in popular leisure destinations.
Negotiations between Hyatt and Standard, which manages properties in London, Ibiza, the Maldives, and Melbourne, are in the advanced stages, reported <a href="https://www.bloomberg.com/news/articles/2024-07-17/hyatt-said-to-be-in-advanced-talks-to-buy-standard-hotels-brand?srnd=industries-v2&amp;sref=TBDibEcD">Bloomberg</a>, citing sources familiar with the matter.
Although no transaction has been completed yet, and the deal could still not take place.
A spokesperson for Hyatt said the hospitality major remains committed to &#8220;asset-light growth through both organic expansion and strategic acquisitions.&#8221;
Under the leadership of CEO Mark Hoplamazian, Hyatt has been proactive in acquiring brands such as Alila, Thompson Hotels, and the all-inclusive portfolio of Apple Leisure Group.
These acquisitions have facilitated Hyatt's transition to a business model focused on licensing brands to third-party investors while enhancing its portfolio with high-end hotels that appeal to loyalty program members.
Standard International, initially developed by Andre Balazs, is renowned for its vibrant nightlife offerings at locations like the hotel straddling New York's High Line, the report highlighted.
This acquisition would further strengthen Hyatt's presence in the boutique hotel segment, adding to its collection of luxury properties.
In May, the company reported first-quarter FY24 sales growth of 2% year-on-year to $1.714 billion, <a target="_blank" href="https://www.benzinga.com/news/earnings/24/05/38735101/why-is-hyatt-hotels-stock-sliding-today" rel="noreferrer noopener">beating the analyst consensus estimate of $1.707 billion.</a>
Hyatt stock has gained more than 29% in the last 12 months. Investors can gain exposure to the stock via Invesco Leisure And Entertainment ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEJ#NYSE">PEJ</a>) and Invesco S&amp;P MidCap 400 Pure Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RFG#NYSE">RFG</a>).
Price Action: H shares closed lower by 3.13% at $157.15 on Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

Equities

Media

General

PowerShares ETF Leisure & Entertainment Port

Rydex ETF Trust S&P Midcap 400 Pure Growth ETF

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments

Accredited Solns

News

Latest news for Accredited Solns (OTC:ASII) Stock