Cantabio Pharmaceuticals Stock (OTC: CTBO)

Latest news for Cantabio Pharmaceuticals (OTC:CTBO) Stock

Cantabio Pharmaceuticals Inc is the United States based preclinical stage biotechnology company. It is focused on commercializing novel therapies and the intellectual property generated from its research and development activities for Parkinson's disease and Alzheimer's disease and other related diseases. In addition, In addition, it is also engaged in the development of therapeutic proteins that can pass through the blood-brain barrier and supplement in vivo levels of proteins which display loss of function during disease conditions.

CANTABIO PHARMACEUT by Cantabio Pharmaceuticals Inc.

Cantabio Pharmaceuticals Inc

Piper Sandler analyst Nathan Race maintains First Savings Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSFG#NASDAQ">FSFG</a>) with a Overweight and raises the price target from $20 to $26.5.

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Analyst Ratings

FSFG

Piper Sandler Maintains Overweight on First Savings Financial, Raises Price Target to $26.5

JP Morgan analyst Richard Close maintains Lamar Advertising (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAMR#NASDAQ">LAMR</a>) with a Neutral and raises the price target from $117 to $121.

LAMR

JP Morgan Maintains Neutral on Lamar Advertising, Raises Price Target to $121

Piper Sandler analyst Alexander Goldfarb reiterates Brixmor Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRX#NYSE">BRX</a>) with a Overweight and raises the price target from $30 to $33.

Reiteration

Piper Sandler Reiterates Overweight on Brixmor Property Group, Raises Price Target to $33

WIIM

DELL

Dell shares are trading higher as AI-related stocks gain following strong earnings from AMD.

JP Morgan analyst Doug Anmuth maintains Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) with a Neutral and lowers the price target from $44 to $38.

PINS

JP Morgan Maintains Neutral on Pinterest, Lowers Price Target to $38

Super Micro Computer Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares are trading higher Wednesday in sympathy with Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), which popped after reporting <a href="https://www.benzinga.com/news/earnings/24/07/40060832/amd-skyrockets-over-9-lifting-along-with-ai-rival-nvidia-whats-going-on">strong financial results for the second quarter</a>.
What Happened With AMD: AMD reported second-quarter revenue of $5.835 billion, beating&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">analyst estimates</a>&nbsp;of $5.724 billion. The chipmaker reported adjusted earnings of 69 cents per share, beating analyst estimates of 68 cents per share.
"We delivered strong revenue and earnings growth in the&nbsp;second quarter&nbsp;driven by record Data Center segment revenue. Our AI business continued accelerating and we are well positioned to deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC and Ryzen processors," said&nbsp;Lisa Su, chair and CEO of AMD.
"The rapid advances in generative AI are driving demand for more compute in every market, creating significant growth opportunities as we deliver leadership AI solutions across our business."
AMD said it expects third-quarter revenue to be between $6.4 billion and $7 billion versus estimates of $6.61 billion. The company anticipates third-quarter gross margin of approximately 53.5%. AMD also said on its conference call that it expects GPU revenue to exceed $4.5 billion this year, up from its prior forecast of approximately $4 billion.&nbsp;
AMD shares were up approximately 8% at the time of writing. 
Check This Out: <a href="https://www.benzinga.com/24/07/40066427/us-private-employment-rises-by-122-000-in-july-misses-estimates-if-inflation-goes-back-up-it-wont-be">US Private Employment Rises By 122,000 In July, Misses Estimates: &#8216;If Inflation Goes Back Up, It Won&#8217;t Be Because Of Labor&#8217;</a>
Why It Matters: Several semiconductor names are moving higher alongside AMD as investors become more optimistic about chip earnings. 
Super Micro is scheduled to report financial results for its fiscal fourth quarter after the market close on Aug. 6. The company is expected to report earnings of $8.10 per share and quarterly revenue of $5.294 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Super Micro has beat revenue estimates in three of the past four quarters. The company has also delivered an upside earnings surprise in four consecutive quarters heading into next week&#8217;s print.
What Else: Some chip stocks may also be getting a lift after Reuters reported that the Biden administration plans to propose a new rule next month that would expand the United States&#8217; ability to stop foreign exports of semiconductor manufacturing equipment to Chinese chipmakers.
The report indicates that shipments from allies that export key chipmaking equipment, including Japan, the Netherlands and South Korea, will be excluded from the new rule, limiting its impact, according to sources familiar with the matter.
SMCI Price Action: Super Micro shares were up 5.57% at $703.45 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/40057897/amd-partners-with-microsoft-meta-and-google-on-new-ai-accelerator-link-standard-to-challenge-nvi">AMD Partners With Microsoft, Meta, And Google On New AI Accelerator Link Standard To Challenge Nvidia&#8217;s Dominance</a></li>
</ul>
Photo: Shutterstock.

Earnings

Movers

SMCI

Super Micro Computer Stock Is Surging Wednesday: What's Going On?

JP Morgan analyst Philip Cusick maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Overweight and raises the price target from $230 to $240.

JP Morgan Maintains Overweight on American Tower, Raises Price Target to $240

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) shares are trading lower Wednesday on the heels of the company&#8217;s fourth-quarter financial results. Here&#8217;s what <a href="https://www.benzinga.com/news/earnings/24/07/40051051/microsoft-q4-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-21-yoy-ensuring-we-lead-the">you need to know</a>.
What To Know: Microsoft reported fourth-quarter revenue of $64.7 billion, beating estimates of $64.36 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company reported earnings of $2.95 per share, beating estimates of $2.92 per share. 
Total revenues were up 15% on a year-over-year basis, Intelligent Cloud revenue came in at $28.5 billion, up 19% year-over-year and Azure and other cloud services revenue increased 29% year-over-year. Some of the selling pressure in Microsoft shares appears to be due to the Azure number, which was expected to come in around 30%. 
&#8220;Our strong performance this fiscal year speaks both to our innovation and to the trust customers continue to place in Microsoft,&#8221; said Satya Nadella, chairman and CEO of Microsoft. 
&#8220;As a platform company, we are focused on meeting the mission-critical needs of our customers across our at-scale platforms today, while also ensuring we lead the AI era.&#8221;
Outlook: Microsoft sees first-quarter Intelligent Cloud revenue in the range of $28.6 billion to $28.9 billion. The company expects first-quarter productivity and business revenue of $20.3 billion to $20.6 billion. Productivity and business revenue came in at $20.3 billion in the fourth quarter. Microsoft sees Personal Computing revenue in the range of $14.9 billion to $15.3 billion. 
See Also: <a href="https://www.benzinga.com/news/24/07/40061358/satya-nadella-says-microsofts-copilot-drives-40-of-githubs-revenue-growth-we-are-also-enabling-anyon">Satya Nadella Says Microsoft&#8217;s Copilot Drives 40% Of GitHub&#8217;s Revenue Growth: We Are Also &#8216;Enabling Anyone To Use Natural Language To Create Apps…&#8217;</a>
Analyst Changes: 
<ul>
<li>Piper Sandler analyst Brent Bracelin maintained Microsoft with an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight</a> and price target of&nbsp;$485.</li>
</ul>
<ul>
<li>Citigroup analyst Tyler Radke maintained Microsoft with a Buy and lowered the price target from&nbsp;$520&nbsp;to&nbsp;$500.</li>
</ul>
<ul>
<li>Wells Fargo analyst Michael Turrin maintained Microsoft with an Overweight and raised the price target from&nbsp;$500&nbsp;to&nbsp;$515.</li>
</ul>
MSFT Price Action: Microsoft shares initially traded sharply lower when the company released its quarterly results. The stock has been bouncing back since. Microsoft shares were down 1.57% at $416.30 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Volodymyr Kyrylyuk/Shutterstock.

MSFT

What's Going On With Microsoft Stock Wednesday?

Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) share are trading lower Wednesday after the company reported second-quarter financial results but issued <a href="https://www.benzinga.com/trading-ideas/movers/24/07/40066422/pinterest-issues-weak-revenue-forecast-joins-groupon-o-i-glass-and-other-big-stocks-moving-l">third-quarter guidance below estimates</a>.
<ul>
<li>Q2 Revenue: $854 million, versus&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $847.81 million</li>
</ul>
<ul>
<li>Q2 EPS: 29 cents, versus estimates of 28 cents</li>
</ul>
Total revenue was up 21% on a year-over-year basis. Pinterest&#8217;s global monthly active users increased 12% year-over-year to 522 million. Average revenue per user grew 8% year-over-year to $1.64.
"Our monetization efforts are paying off. Advertisers are seeing improved performance across key objectives on Pinterest — from brand awareness to conversion — as we continue to roll out AI-powered products and experiences," said&nbsp;Bill Ready, CEO of Pinterest.
"As a result, we're gaining share of advertising budgets with some of the world's largest brands. I'm proud of our pace of innovation as we execute against the opportunity ahead."
Outlook: Pinterest expects third-quarter revenue to be in the range of $885 million to $900 million versus estimates of $907.7 million.&nbsp;Third-quarter operating expenses are expected to be between $485 million and $500 million.
Following the print, Piper Sandler analyst Thomas Champion maintained Pinterest with an Overweight and lowered the price target from&nbsp;$52&nbsp;to&nbsp;$45. Susquehanna analyst Shyam Patil maintained a Positive rating and lowered the price target from&nbsp;$50&nbsp;to&nbsp;$45.
See Also: <a href="https://www.benzinga.com/news/earnings/24/07/40065233/wall-street-remains-on-track-for-amd-led-rebound-ahead-of-fed-decision-meta-earnings-analyst-says-t">Wall Street Remains On Track For AMD-Led Rebound Ahead Of Fed Decision, Meta Earnings: Analyst Says &#8216;The Bull Tends To Remain&#8217; Despite Near-Term Volatility</a>
PINS Price Action: <a href="https://www.benzinga.com/quote/PINS" target="_blank" rel="noreferrer noopener">Pinterest shares</a> were down 7.1% at $34.70 at the time of publication, according to <a href="https://benzinga.grsm.io/gxjhpowx7zks" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

Pinterest Stock Is Facing Selling Pressure Wednesday: What's Going On?

Legal

CRWD

CrowdStrike Faces Investor Class Action Over Outage, Selloff

Markets are on edge as investors digest a slew of geopolitical events, corporate earnings, and economic data in this final session of July, which promises to be highly volatile ahead of the Federal <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/40042583/will-powell-hint-at-september-rate-cut-what-major-us-investment-banks-expect-from">Open Market Committee (FOMC) meeting.</a>
<h3 class="wp-block-heading">Geopolitical Tensions Flare Up In Middle East, BoJ Moves, US Data Disappoint</h3>
The situation in the Middle East reached a critical turning point after the political leader of Hamas, Ismail Haniyeh, was killed by Israeli forces in Tehran, Iran, on Wednesday morning. Reuters reported that Hamas&#8217; armed wing stated Haniyeh&#8217;s killing would &#8220;take the battle to new dimensions and have major repercussions,&#8221; while Iran declared three days of national mourning and vowed to retaliate, potentially leading to a dangerous escalation in the region.
This incident followed another assassination on Tuesday in Beirut, where Israeli forces killed Fuad Shukr, Hezbollah's most senior military commander and Hassan Nasrallah's right-hand man. According to the Israeli Defense Forces, Shukr was responsible for the death of 12 children in a soccer field on Saturday and had orchestrated 30 years of Hezbollah terrorist attacks.
On the macroeconomic front, the Bank of Japan (BoJ) increased interest rates by 0.15 percentage points to 0.25%, marking the second such move since March. Japan's monetary authorities also announced the reduction in their bond-buying program from JPY 6 trillion to JPY 3 trillion for January-March 2026.
Inflation in the Eurozone unexpectedly rose to 2.6% from 2.5%, contrary to forecasts of a slowdown to 2.4%, raising some questions on the imminent need of further European Central Bank&#8217;s rate cuts. Core inflation, excluding energy and food, remained at 2.9%, missing the expected drop to 2.8%. However, services inflation eased for the first time in three months.
In the U.S., private employers added 122,000 jobs in the past month, the lowest since January 2024 and down from the revised 155,000 jobs in June, according to the ADP National Employment Report. This figure missed the <a href="https://www.benzinga.com/24/07/40066427/us-private-employment-rises-by-122-000-in-july-misses-estimates-if-inflation-goes-back-up-it-wont-be">projected 150,000 job additions.</a>
Mortgage applications fell by 3.9% in the fourth week of July, following a 2.2% drop the previous week, marking the sharpest weekly decline in mortgage demand in nearly two months. This occurred despite 30-year mortgage rates holding at February lows of 6.82%. Applications for new home purchases fell by 1.5%, the third consecutive decline.
<h3 class="wp-block-heading">Market Reactions: Oil Spikes, Dollar Falls</h3>
The most immediate market reaction to the tense situation in the Middle East was a spike in oil prices. West Texas Intermediate (WTI) prompt futures, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), rallied over 3.5% on Wednesday morning amid fears of supply disruptions due to Iran's involvement. Oil is on track for its strongest session since mid-November 2023.
The U.S. dollar weakened against major currencies, affected by disappointing U.S. labor market data and higher-than-expected Eurozone inflation.
The U.S. dollar index, as tracked by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), fell over 0.4% at 08:40 a.m. in New York.
The Japanese yen, monitored through the Invesco CurrencyShares Japanese Yen Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXY#NYSE">FXY</a>), rallied 1.6% following the BoJ&#8217;s rate hike.
U.S. equity futures surged in premarket trading, with contracts on the tech-heavy Nasdaq 100 up over 2%, poised to recover losses from the previous day.
Semiconductor gains drove overall U.S. major indices higher on Wednesday, following positive results from Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>). Notably, ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) rose over 5.7% in European markets, as Reuters reported the company would not be affected by U.S. export restrictions on chipmaking to China.
Shares of NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) were nearly 7% higher in premarket trading. The VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) soared over 5%.
Read now: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/40053706/veteran-investor-boosts-s-p-500-price-targets-magnificent-7-stocks-will-remain-magn">Veteran Investor Boosts S&amp;P 500 Price Targets: &#8216;Magnificent 7 Stocks Will Remain Magnificent&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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PowerShares DB US Dollar Index Bullish Fund

Markets On Edge Ahead Of Fed Announcement: Oil Spikes After Hamas Leader's Death, BoJ Hikes Rates, Eurozone Inflation Rises, US Jobs Disappoint

JNVR

Janover shares are trading higher after the company announced its new Insurtech platform achieved profitability in its second month of operation and increased its recurring revenue.

Jefferies analyst George Notter maintains Arista Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>) with a Buy and raises the price target from $340 to $380.

ANET

Jefferies Maintains Buy on Arista Networks, Raises Price Target to $380

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Top 10 Trending Stocks On WallStreetBets As Of July 31 2024 (Via Swaggy Stocks)

Jefferies analyst David Katz maintains Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) with a Buy and lowers the price target from $62 to $60.

Jefferies Maintains Buy on Caesars Entertainment, Lowers Price Target to $60

Bunge Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BG#NYSE">BG</a>) shares are trading lower <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">after releasing results for the second quarter.</a>
The company reported adjusted earnings per share of $1.73, missing the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b40061621/bunge-reports-second-quarter-2024-results" rel="noreferrer noopener">analyst consensus of $1.80</a>. Second-quarter sales of $13.24 billion <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missed the street view of $14.27 billion.</a>
Bunge&#8217;s second-quarter results showed lower Agribusiness performance due to a more balanced global supply environment.
While Refined and Specialty Oils performed well, results were down compared to a strong previous year, it said in a press release.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/asia/24/07/40062747/asia-markets-up-europe-opens-higher-crude-advances-2-6-global-markets-today-while-us-slept" rel="noreferrer noopener">Asia Markets Up, Europe Opens Higher, Crude Advances 2.6% &#8211; Global Markets Today While US Slept</a>
The company added that it made &#8220;excellent progress&#8221; on Viterra integration planning and other strategic priorities, including the announced sale of its interest in the sugar and bioenergy joint venture.
Greg Heckman, Bunge&#8217;s Chief Executive Officer, commented, &#8220;Our team delivered solid results for the second quarter while also moving forward on a range of strategic priorities, including announcing the sale of our interest in the BP Bunge Bioenergia joint venture.&#8221;
Cash used for operations in the six months ended June was $480 million compared to cash provided of $472 million in the same period last year.
The reduction of cash from operations was primarily driven by lower reported net income and net changes in working capital.&nbsp;
Bunge exited the quarter with cash and equivalents worth $1.161 billion. Total inventories totaled $8.057 billion.
As of the quarter-end, the company&#8217;s long-term debt pegged at $4.086 billion.
&#8220;Current market conditions have improved in some regions, but we continue to have limited visibility into the latter part of the year,&#8221;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> Heckman added.</a>
Outlook Raised: Bunge added that taking into account first-half results, the current margin environment, and forward curves, the company sees full-year 2024 adjusted EPS of approximately $9.25 versus the $9.46 estimate <a target="_blank" href="https://www.benzinga.com//node/38398262" rel="noreferrer noopener">(prior view: $9).</a>
Price Action: BG shares are trading lower by 6.61% to $106.98 premarket at last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/07/40061267/asml-shares-surge-over-7-as-team-biden-plans-to-exempt-allies-from-new-rule-on-foreign-chip-equipmen" target="_blank" rel="noreferrer noopener">ASML Shares Surge Over 7% As Team Biden Plans To Exempt Allies From New Rule On Foreign Chip Equipment Export To China</a></li>
</ul>

Guidance

Markets

General

Bunge Shares Tumble Over 6% After Q2 Miss; CEO Highlights Strategic Moves Amid Cash Flow Concerns

<div>On July&nbsp;29, 2024, the Company&#39;s Board of Directors declared a quarterly cash dividend of&nbsp;$0.20&nbsp;on each share of common stock outstanding. The dividend will be payable on August&nbsp;23, 2024&nbsp;to stockholders of record as of August 13, 2024.</div>

NHTC

Natural Health Trends Declared Quarterly Cash Dividend Of $0.20 Per Share, Which Will Be Payable On August 23

ALBT

Avalon GloboCare shares are trading lower. The company announced its Laboratory Services MSO launched a direct-to-consumer and non-invasive DNA test in the U.S. that tests for potential predisposition to opioid dependence.

Jefferies analyst Brent Thill maintains Freshworks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRSH#NASDAQ">FRSH</a>) with a Buy and lowers the price target from $25 to $20.

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Cantabio Pharmaceuticals

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