Latest news for Hemisphere Energy (OTC:HMENF) Stock

Hemisphere Energy Corp is a Canadian oil company focused on the sustainable growth of its high netback, low decline conventional heavy oil assets through water and polymer flood-enhanced recovery methods. It specializes in the development of conventional oil pools using enhanced oil recoveries methods such as waterflood and polymer flood to maximize production and oil recovery. The company's oil assets are in the Manville oil play in the Atlee Buffalo and Jenner areas of southeastern Alberta.

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Eaton Vance Tax-Managed Diversified Equity

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Stocks That Hit 52-Week Highs On Friday

HEMISPHERE ENERGY CORP by Hemisphere Energy Corp.

Hemisphere Energy Corp

Bolt-on additions will further enhance Southern Timberlands portfolio and expand footprint in attractive markets
SEATTLE, July 25, 2024 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4219523-1&amp;h=1030288948&amp;u=https%3A%2F%2Fwww.weyerhaeuser.com%2F&amp;a=Weyerhaeuser+Company">Weyerhaeuser Company</a>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) today announced acquisitions totaling 84,300 acres of high-quality timberlands in Alabama for $244 million. Secured through multiple transactions, the collective acreage is comprised of mature, highly productive timberlands that are well-integrated with existing Weyerhaeuser operations. Additionally, the acquisitions are expected to deliver portfolio-leading cash flow and harvest tons per acre within the company's Southern Timberlands business.

Weyerhaeuser Acquires 84,300 Acres Of High-Quality Timberlands In Alabama For $244M

WIIM

DECK

Deckers Outdoor shares are trading higher after the company reported better-than-expected Q1 financial results.

Ryder (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/r#NYSE">R</a>) reported $3.18 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 10.3%. EPS of $3.00 for the same period compares to $3.61 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.25 billion, representing a surprise of -2.09%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $2.88.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company&#39;s underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock&#39;s price performance more accurately.
Here is how Ryder performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
<ul>
<li>Operating Revenue- Fleet Management Solutions: $1.28 billion versus $1.29 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.</li>
<li>Operating Revenue- Dedicated Transportation Solutions: $485 million compared to the $528.41 million average estimate based on two analysts. The reported number represents a change of +48.3% year over year.</li>
<li>Operating Revenue- Supply Chain Solutions: $989 million versus $951.35 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +14.3% change.</li>
<li>Revenues- Supply Chain Solutions - Subcontracted transportation and fuel: -$352 million versus $353.94 million estimated by two analysts on average.</li>
<li>Revenues- Fleet Management Solutions: $1.48 billion versus $1.48 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.3% change.</li>
<li>Revenues- Fleet Management Solutions- SelectCare and other: $176 million versus the two-analyst average estimate of $171.64 million. The reported number represents a year-over-year change of +2.3%.</li>
<li>Revenues- Dedicated Transportation Solutions: $635 million compared to the $698.73 million average estimate based on two analysts. The reported number represents a change of +44.3% year over year.</li>
<li>Revenues- Eliminations: -$272 million versus -$234.47 million estimated by two analysts on average.</li>
<li>Revenues- Fleet Management Solutions- Commercial rental: $244 million compared to the $254.69 million average estimate based on two analysts. The reported number represents a change of -18.9% year over year.</li>
<li>Revenues- Fleet Management Solutions- ChoiceLease: $856 million versus the two-analyst average estimate of $861.14 million. The reported number represents a year-over-year change of +9.6%.</li>
<li>Revenues- Fleet Management Solutions- Fuel services: $202 million versus the two-analyst average estimate of $192.92 million. The reported number represents a year-over-year change of -1.5%.</li>
<li>Revenues- Supply Chain Solutions: $1.34 billion versus $1.31 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.</li>
<li>Shares of Ryder have returned +5.8% over the past month versus the Zacks S&amp;P 500 composite&#39;s -0.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.</li>
<li><a href="https://www.zacks.com/stock/news/2309202/compared-to-estimates-ryder-r-q2-earnings-a-look-at-key-metrics?cid=CS-BENZ-FT-fundamental_analysis|nfm-2309202">To read this article on Zacks.com click here.</a></li>
</ul>

Earnings

Small Cap

Analyst Ratings

Compared to Estimates, Ryder Q2 Earnings: A Look at Key Metrics

Olin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OLN#NYSE">OLN</a>) reported quarterly earnings of $0.62 per share which missed the analyst consensus estimate of $0.71 by 12.68 percent. This is a 45.13 percent decrease over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $1.644 billion which missed the analyst consensus estimate of $1.709 billion by 3.81 percent. This is a 3.46 percent decrease over sales of $1.703 billion the same period last year.

Earnings Misses

Olin Q2 2024 GAAP EPS $0.62 Misses $0.71 Estimate, Sales $1.644B Miss $1.709B Estimate

Updated 2024 Market and Financial Guidance
"Amidst a dynamic market, we are now updating our full-year guidance to reflect our expectations for continued out-performance driven by our core businesses, with particular strength in our Outdoors segment and our Moen North America business, and our accelerating digital sales, which are offset by weaker China sales. Importantly, we are narrowing the range around our prior EPS before charges / gains mid-point due to expected growth in our core and digital businesses and strong margin performance," said Fortune Brands Chief Financial Officer David Barry. "As we position Fortune Brands for long-term shareholder value creation, we will continue to prioritize above-market sales growth opportunities, margin expansion and cash generation, while continuing to effectively manage costs and invest in a strategic set of key priorities."
Updated 2024 Full-Year Guidance
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">Initial 2024 Full-Year Guidance</td>
<td colspan="1" rowspan="1">Updated 2024 Full-Year Guidance</td>
</tr>
<tr>
<td colspan="1" rowspan="1">MARKET</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Global market</td>
<td colspan="1" rowspan="1">-3% to flat</td>
<td colspan="1" rowspan="1">-3% to -1%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">U.S. market</td>
<td colspan="1" rowspan="1">-2% to flat</td>
<td colspan="1" rowspan="1">-1% to flat</td>
</tr>
<tr>
<td colspan="1" rowspan="1">U.S. R&amp;R</td>
<td colspan="1" rowspan="1">-4% to -2%</td>
<td colspan="1" rowspan="1">-4% to -3%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">U.S. SFNC</td>
<td colspan="1" rowspan="1">5% to 7%</td>
<td colspan="1" rowspan="1">8% to 10%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">China market</td>
<td colspan="1" rowspan="1">-9% to -7%</td>
<td colspan="1" rowspan="1">-20% to -15%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">TOTAL COMPANY FINANCIAL METRICS</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net sales</td>
<td colspan="1" rowspan="1">3.5% to 5.5%</td>
<td colspan="1" rowspan="1">2.5% to 4.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Net sales [organic]</td>
<td colspan="1" rowspan="1">-1% to 1%</td>
<td colspan="1" rowspan="1">-2% to flat</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Operating margin before charges / gains</td>
<td colspan="1" rowspan="1">16.5% to 17.5%</td>
<td colspan="1" rowspan="1">17.0% to 17.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">EPS before charges / gains</td>
<td colspan="1" rowspan="1">$4.20 to $4.40</td>
<td colspan="1" rowspan="1">$4.25 to $4.35</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Cash flow from operations</td>
<td colspan="1" rowspan="1">Around $720 million</td>
<td colspan="1" rowspan="1">Around $700 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Free cash flow</td>
<td colspan="1" rowspan="1">Around $520 million</td>
<td colspan="1" rowspan="1">Around $500 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Cash conversion</td>
<td colspan="1" rowspan="1">Around 100%</td>
<td colspan="1" rowspan="1">Around 100%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">SEGMENT FINANCIAL METRICS</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Water Innovations net sales</td>
<td colspan="1" rowspan="1">3% to 5%</td>
<td colspan="1" rowspan="1">2.5% to 4.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Water Innovations net sales [organic]</td>
<td colspan="1" rowspan="1">-2% to flat</td>
<td colspan="1" rowspan="1">-4% to -2%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Water Innovations operating margin before charges / gains</td>
<td colspan="1" rowspan="1">24% to 24.5%</td>
<td colspan="1" rowspan="1">Around 24%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Outdoors net sales</td>
<td colspan="1" rowspan="1">1% to 3%</td>
<td colspan="1" rowspan="1">2% to 4%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Outdoors operating margin before charges / gains</td>
<td colspan="1" rowspan="1">13.5% to 14.5%</td>
<td colspan="1" rowspan="1">14.5% to 15.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Security net sales</td>
<td colspan="1" rowspan="1">10% to 12%</td>
<td colspan="1" rowspan="1">5% to 7%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Security net sales [organic]</td>
<td colspan="1" rowspan="1">Flat to 2%</td>
<td colspan="1" rowspan="1">-3% to -1%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Security operating margin before charges / gains</td>
<td colspan="1" rowspan="1">15.5% to 16.5%</td>
<td colspan="1" rowspan="1">15.5% to 16.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">OTHER ITEMS</td>
<td colspan="1" rowspan="1">&nbsp;</td>
<td colspan="1" rowspan="1">&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Corporate expense</td>
<td colspan="1" rowspan="1">$140 million to $145 million</td>
<td colspan="1" rowspan="1">$143 million to $148 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Interest expense</td>
<td colspan="1" rowspan="1">$118 million to $120 million</td>
<td colspan="1" rowspan="1">$122 million to $124 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Other income / (expense)</td>
<td colspan="1" rowspan="1">Around $5 million</td>
<td colspan="1" rowspan="1">Around $5 million</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Tax rate</td>
<td colspan="1" rowspan="1">23.25% to 23.5%</td>
<td colspan="1" rowspan="1">23.25% to 23.5%</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Share count</td>
<td colspan="1" rowspan="1">Around 127 million</td>
<td colspan="1" rowspan="1">Around 126 million</td>
</tr>
</tbody>
</table>
</figure>
For certain forward-looking non-GAAP measures (as used in this press release, operating margin before charges / gains on a full Company and segment basis, EPS before charges / gains and cash conversion), the Company is unable to provide a reconciliation to the most comparable GAAP financial measure because the information needed to reconcile these measures is unavailable due to the inherent difficulty of forecasting the timing and / or amount of various items that have not yet occurred, including the high variability and low visibility with respect to gains and losses associated with our defined benefit plans, which are excluded from EPS before charges / gains and cash conversion, and restructuring and other charges, which are excluded from operating margin before charges / gains, EPS before charges / gains and cash conversion. Additionally, estimating such GAAP measures and providing a meaningful reconciliation consistent with the Company's accounting policies for future periods requires a level of precision that is unavailable for these future periods and cannot be accomplished without unreasonable effort. Forward-looking non-GAAP measures are estimated consistent with the relevant definitions and assumptions.

Guidance

FBIN

Fortune Brands Innovations Updates FY24 Net Sales Growth From 3.5%-5.5% To 2.5%-4.5%; EPS From $4.20-$4.40 To $4.25-$4.35 Vs $4.28 Est.

SS&amp;C Techs Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNC#NASDAQ">SSNC</a>) reported quarterly earnings of $1.27 per share which beat the analyst consensus estimate of $1.20 by 5.83 percent. This is a 17.59 percent increase over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $1.45 billion which beat the analyst consensus estimate of $1.43 billion by 1.40 percent. This is a 6.53 percent increase over sales of $1.36 billion the same period last year.

Earnings Beats

SSNC

SS&C Techs Hldgs Q2 2024 Adj EPS $1.27 Beats $1.20 Estimate, Sales $1.45B Beat $1.43B Estimate

Cryptocurrency markets are sliding, with Ethereum down 7% on the third day of <a href="https://www.msn.com/en-us/money/other/ethereum-etfs-are-live-heres-how-experts-assess-their-launch/ar-BB1quQif">spot Ethereum ETF trading</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$64,713</td>
<td>-1.5%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)&nbsp;</td>
<td>$3,114.27&nbsp;&nbsp;</td>
<td>-3.5%</td>
</tr>
<tr>
<td>Solana&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$167.81&nbsp;&nbsp;</td>
<td>-5.9%</td>
</tr>
<tr>
<td>Dogecoin&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.1222</td>
<td>-5.9%</td>
</tr>
<tr>
<td>Shiba Inu&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00001604</td>
<td>-6%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume dropiping by 24.4%, while daily active addresses increased by 4.2%. However, exchange netflows plunged 826.3%.</li>
<li>Coinglass data shows long liquidations at $253.1 million, the highest since July 6. Bitcoin long liquidations ($70 million) peaked at their highest since July 8.</li>
<li>Whale Alert <a href="https://x.com/whale_alert/status/1816462070864285858">data</a> flagged a dormant address containing 750 BTC, worth $48 million, being activated after 11.2 years.</li>
<li>Bloomberg analyst Eric Balchunas <a href="https://x.com/EricBalchunas/status/1816555277900218600">reported</a> that the Jersey City Mayor is announcing that its pension is allocating Bitcoin ETFs.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39965137/bitcoin-could-reach-2-9m-by-2050-says-vaneck-heres-what-would-need-to-happen">Bitcoin Could Reach $2.9M By 2050, Says VanEck: Here&#8217;s What Would Need To Happen</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39952969/core-foundations-new-dual-staking-model-launched-to-boost-bitcoin-yields">Core Foundation&#8217;s New Dual Staking Model Launched To Boost Bitcoin Yields</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39958725/marathon-digital-buys-bitcoin-adopts-full-hodl-strategy-whats-going-on-with-the-mining-sto">Marathon Digital Buys Bitcoin, Adopts &#8216;Full HODL&#8217; Strategy: What&#8217;s Going On With The Mining Stock?</a></li>
<li><a href="https://www.benzinga.com/top-stories/24/07/39959562/tyler-winklevoss-kamala-harris-snubbing-bitcoin-conference-wont-be-forgotten-industry-will-show-no-m">Tyler Winklevoss: Kamala Harris Snubbing Bitcoin Conference Won&#8217;t Be Forgotten, Industry &#8216;Will Show No Mercy&#8217; In November</a></li>
</ul>
<h3 class="wp-block-heading">Top Losers:</h3>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price</td>
<td>Gains +/–</td>
</tr>
<tr>
<td>Celestia (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TIA</a>)</td>
<td>$5.5</td>
<td>-12.8%</td>
</tr>
<tr>
<td>Fanthom (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ftm/usd">FTM</a>)</td>
<td>$0.4221</td>
<td>-11%</td>
</tr>
<tr>
<td>Ronin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">RON</a>)</td>
<td>$1.95</td>
<td>-10%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Crypto trader Michaël van de Poppe noted that the markets are at the "close to the end of this mini-correction."
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is approaching the must-hold area around $60.5-62K. I think we're close to the end of this mini-correction. <a href="https://t.co/GwG5ehgpK1">pic.twitter.com/GwG5ehgpK1</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1816548982455435547?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Rekt Capital <a href="https://x.com/rektcapital/status/1816494953125793989">sees</a> Bitcoin is in the process of retesting the $65,000 level in a volatile manner. He concluded that to make Bitcoin's retest successful, Bitcoin will have to see a daily close above $65,000 and keep the price in the $65,000-$71,500 region.
Crypto trader Emperor stated he is not interested in bidding altcoins until Bitcoin is showing strength. However, he concluded that any strength without a strong a catalyst will most probably be a "lag."
<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">BITCOIN PRICE UPDATE 1. Almost at our level of support at $63,300. Still looks heavy and LTF longs are alright but we rejected from Range POC at $67,000 and heading lower. 2. I will consider longing on LTF sweeps of our level. Next area of interest is from $62,000-$60,000… <a href="https://t.co/ix2kH9yfGK">pic.twitter.com/ix2kH9yfGK</a>
&mdash; Emperor&#x1f451; (@EmperorBTC) <a href="https://twitter.com/EmperorBTC/status/1816445698080117059?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Investor and entrepreneur Ted <a href="https://x.com/TedPillows/status/1816540933422195079">sees</a> Bitcoin reflecting "incredible strength" and $180,000 is still the "cycle peak target for BTC." He marks, that Mt. Gox distribution is happening, and the U.S. stock market is dumping as some factors. He predicts that once the Fed rate cut is implemented in September, Bitcoin and crypto rallies will resume.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39968581/could-a-bitcoin-treasury-fix-the-us-national-debt-one-trader-details-how-bitcoin-fixes-thi">Could A Bitcoin Treasury Fix The US National Debt? One Trader Details How &#8216;Bitcoin Fixes This&#8217;</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$DOGE

$ETH

$FTM

$RON

$SHIB

$SOL

$TIA

Bitcoin, Ethereum, Dogecoin Feel The Pressure: $60.5K-$62K Is A 'Must-Hold,' But The End Of 'Mini-Correction' Is Drawing Near, Trader Says

Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) reported quarterly earnings of $4.52 per share which beat the analyst consensus estimate of $3.48 by 29.89 percent. The company reported quarterly sales of $825.00 million which beat the analyst consensus estimate of $807.94 million by 2.11 percent. This is a 199.14 percent increase over sales of $275.79 million the same period last year.

Deckers Outdoor Q1 2025 Adj EPS $4.52 Beats $3.48 Estimate, Sales $825.00M Beat $807.94M Estimate

Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $1.06 by 16.04 percent. The company reported quarterly sales of $4.336 billion which beat the analyst consensus estimate of $4.097 billion by 5.83 percent. This is a 9.38 percent increase over sales of $3.964 billion the same period last year.

Edison Intl Q2 2024 Adj EPS $1.23 Beats $1.06 Estimate, Sales $4.336B Beat $4.097B Estimate

After the closing bell on Jul 24, International Business Machines (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ibm#NYSE">IBM</a>) reported strong second-quarter 2024 results. It beat estimates for earnings and revenues, citing rising customer demand for new AI projects. IBM shares spiked 4% in aftermarket hours.
Investors seeking to tap the strength could consider ETFs having the highest allocation to this tech giant. These funds are First Trust NASDAQ Technology Dividend Index Fund (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tdiv#NASDAQ">TDIV</a>), FT Cboe Vest Technology Dividend Target Income ETF, FT Cboe Vest DJIA Dogs 10 Target Income ETF (BATS: <a class="ticker" href="https://www.benzinga.com/stock/dogg#BATS">DOGG</a>), Invesco Dow Jones Industrial Average Dividend ETF (ARCA:DJD) and Morningstar Dividend Leaders Index Fund (ARCA:FDL).
IBM&#39;s second-quarter earnings per share came in at $2.43, surpassing the Zacks Consensus Estimate of $2.16 and improving from the year-ago earnings of $2.18. Revenues grew 2% year over year to $15.8 billion and edged past the consensus estimate of $15.6 billion.
Consulting revenues dipped 1% in the quarter, while software revenues grew 7% from the year-ago levels. IBM is capitalizing on the growing demand for AI integration. The company&#39;s book of business for generative AI has grown to more than $2 billion since the launch of watsonx one year ago.
IBM reaffirmed its full-year guidance for mid-single-digit revenue growth for 2024.
The 113-year-old company expects software revenues to grow at a high-single-digit percentage in 2024, above the previous forecast of the high end of mid-single-digit percentage. The higher forecast came on the back of higher AI-linked spending by clients looking to adopt the technology. However, IBM lowered its consulting revenue growth projections to low single-digit percentages for 2024 from 6%-8%.
<h3>ETFs in Focus</h3>
First Trust NASDAQ Technology Dividend Index Fund
First Trust NASDAQ Technology Dividend Index Fund provides exposure to dividend payers within the technology and telecommunication sector by tracking the Nasdaq Technology Dividend Index. It charges 50 bps in annual fees and holds about 87 securities in its basket. Of these firms, IBM takes the third spot, making up 8.5% of the assets.
First Trust NASDAQ Technology Dividend Index Fund has amassed $2.7 billion in its asset base while trading in a volume of around 91,000 shares per day.&nbsp;
FT Cboe Vest Technology Dividend Target Income ETF
FT Cboe Vest Technology Dividend Target Income ETF is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying U.S. technology companies. The fund utilizes a call-writing option strategy on the Nasdaq 100 Index and/or the S&amp;P 500 Index or related ETFs. It holds 87 securities in its basket, with IBM taking the third spot at 8.4% share.
FT Cboe Vest Technology Dividend Target Income ETF has accumulated $30.7 million in its asset base and trades in a volume of 9,000 shares per day on average. It charges 75 bps in annual fees.
FT Cboe Vest DJIA Dogs 10 Target Income ETF
FT Cboe Vest DJIA Dogs 10 Target Income ETF seeks to provide current income with a secondary objective of providing capital appreciation. It provides exposure to the &quot;Dogs of the Dow&quot; the 10 highest dividend-yielding stocks in the Dow Jones Industrial Average on an annual basis. DOGG holds 41 stocks in its basket, with IBM occupying the second position at 6% share.
FT Cboe Vest DJIA Dogs 10 Target Income ETF has accumulated $34.1 million in its asset base and trades in a volume of 11,000 shares. It charges 75 bps in fees and expenses.&nbsp;
Invesco Dow Jones Industrial Average Dividend ETF
Invesco Dow Jones Industrial Average Dividend ETF offers exposure to dividend-paying companies included in the Dow Jones Industrial Average by their 12-month dividend yield over the prior 12 months. It holds 29 stocks in its basket, with IBM occupying the eighth position, accounting for 4.7%.
Invesco Dow Jones Industrial Average Dividend ETF has managed assets worth $298.8 million while trading in a volume of 21,000 shares a day on average. It charges 7 bps in annual fees and has a Zacks ETF Rank #3 (Hold).
First Trust Morningstar Dividend Leaders Index Fund
First Trust Morningstar Dividend Leaders Index Fund offers exposure to stocks that have shown the highest dividend consistency and dividend sustainability by tracking the Morningstar Dividend Leaders Index. It holds 100 stocks in its basket, with IBM taking the seventh spot at 4.6% share.
With AUM of $4 billion, First Trust Morningstar Dividend Leaders Index Fund charges 45 bps in annual fees from investors and trades in a solid volume of about 449,000 shares a day. It has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook.
<a href="https://www.zacks.com/stock/news/2309191/ibm-beats-q2-earnings-on-ai-growth-etfs-to-buy?cid=CS-BENZ-FT-etf_news_and_commentary-2309191">To read this article on Zacks.com click here.</a>

ETFs

DOGG

First Trust Morningstar Dividend Leaders Index Fund

TDIV

IBM Beats Q2 Earnings on AI Growth: ETFs to Buy

Buybacks

SS&C Technologies Plans $1B Common Stock Repurchase Program

Needham analyst Charles Shi reiterates KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Hold.

Reiteration

KLAC

Needham Reiterates Hold on KLA

SS&amp;C Techs Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSNC#NASDAQ">SSNC</a>) reported quarterly earnings of $1.27 per share which beat the analyst consensus estimate of $1.20 by 5.83 percent. This is a 17.59 percent increase over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $1.452 billion which beat the analyst consensus estimate of $1.432 billion by 1.40 percent. This is a 6.53 percent increase over sales of $1.363 billion the same period last year.

SS&C Techs Hldgs Q2 2024 Adj EPS $1.27 Beats $1.20 Estimate, Adj Sales $1.452B Beat $1.432B Estimate

Comfort Systems USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) reported quarterly earnings of $3.74 per share which beat the analyst consensus estimate of $3.14 by 19.11 percent. The company reported quarterly sales of $1.810 billion which beat the analyst consensus estimate of $1.688 billion by 7.26 percent. This is a 39.62 percent increase over sales of $1.296 billion the same period last year.

Comfort Systems USA Q2 2024 GAAP EPS $3.74 Beats $3.14 Estimate, Sales $1.810B Beat $1.688B Estimate

Columbia Sportswear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLM#NASDAQ">COLM</a>) reported quarterly losses of $(0.20) per share which beat the analyst consensus estimate of $(0.34) by 41.18 percent. The company reported quarterly sales of $570.20 million which beat the analyst consensus estimate of $568.29 million by 0.34 percent. This is a 8.17 percent decrease over sales of $620.93 million the same period last year.

COLM

Columbia Sportswear Q2 2024 Adj EPS $(0.20) Beats $(0.34) Estimate, Sales $570.20M Beat $568.29M Estimate

Zynex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZYXI#NASDAQ">ZYXI</a>) reported quarterly earnings of $0.04 per share which missed the analyst consensus estimate of $0.08 by 50 percent. This is a 55.56 percent decrease over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $49.88 million which missed the analyst consensus estimate of $52.09 million by 4.24 percent. This is a 10.97 percent increase over sales of $44.95 million the same period last year.

ZYXI

Zynex Q2 EPS $0.04 Misses $0.08 Estimate, Sales $49.88M Miss $52.09M Estimate

Boyd Gaming (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) reported quarterly earnings of $1.58 per share which beat the analyst consensus estimate of $1.49 by 6.04 percent. This is unchanged from the same period last year. The company reported quarterly sales of $967.51 million which beat the analyst consensus estimate of $909.06 million by 6.43 percent. This is a 5.51 percent increase over sales of $916.95 million the same period last year.

Boyd Gaming Q2 Adj $1.58 Beats $1.49 Estimate, Sales $967.51M Beat $909.06M Estimate

Digital Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) reported quarterly earnings of $0.20 per share which missed the analyst consensus estimate of $0.24 by 16.67 percent. The company reported quarterly sales of $1.40 billion which beat the analyst consensus estimate of $1.38 billion by 1.33 percent. This is a 2.47 percent increase over sales of $1.37 billion the same period last year.

Digital Realty Trust Q2 2024 Adj EPS $0.20 Misses $0.24 Estimate, Sales $1.40B Beat $1.38B Estimate

Fortune Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBIN#NYSE">FBIN</a>) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $1.12 by 3.57 percent. This is a 8.41 percent increase over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $1.24 billion which missed the analyst consensus estimate of $1.28 billion by 3.13 percent. This is a 6.53 percent increase over sales of $1.16 billion the same period last year.

Fortune Brands Q2 Adj $1.16 Beats $1.12 Estimate, Sales $1.24B Miss $1.28B Estimate

Cincinnati Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CINF#NASDAQ">CINF</a>) reported quarterly earnings of $1.29 per share which beat the analyst consensus estimate of $0.96 by 34.38 percent. This is a 6.61 percent increase over earnings of $1.21 per share from the same period last year.

CINF

Cincinnati Financial Q2 2024 Adj EPS $1.29 Beats $0.96 Estimate

Hemisphere Energy provides 2024 production and capex targets

Hemisphere Energy: One Of Our Favorite Names In The E&P Space

These Energy stocks are trading higher:-Tidewater Inc (TDW) stock is trading at $80.22, a rise of $10.19, or 14.56%, on high volume.  Tidewater Inc gets a Sentiment Score of Very Bearish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $88.25.  -Transocean LTD (RIG)

Energy Stocks Moving Friday: TDW, RIG, EFXT, HLX, PARXF, EC, MVO, HMENF

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Low-priced stocks may be risky and volatile, but sometimes this high volatility can work in your favor. Hence, many aggressive investors may be on the search for the best $1 stock to buy.



There are scores of stocks that trade at or near $1 per share, both on major U.S. equity markets like the New York Stock Exchange and Nasdaq Exchange, as well as in the over-the-counter market.



Most of these names, though, make for questionable investment opportunities. This is due either to poor current fundamentals and/or questionable future prospects.



However, there are a few worthy of a closer look, because of a low valuation, potentially game-changing catalysts, or a combination of the two. 



Among this whittled-down list of candidates, there are three that stand out as possibly being the best $1 stock to buy this month. Let&rsquo;s take a closer look at each one.



<h2>FlexShopper (FPAY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/fintech_1600-300x169.jpg" alt='undervalued fintech stocks A concept image of a hand reaching toward the word "Fintech," which is surrounded by icons representing money and growth. Fintech Stock Bargains, fintech stock'><div>Source: Wright Studio / Shutterstock.com</div></div>FlexShopper (NASDAQ:<a href="https://investorplace.com/stock-quotes/fpay-stock-quote/">FPAY</a>) is a fintech firm that operates a lease-to-own e-commerce platform. 



Users of the platform can get their hands on big ticket consumer items like appliance, electronics, and jewelry, with zero money down, in exchange for making weekly payments.



Macro issues like high inflation and weak consumer sentiment have affected the company&rsquo;s fiscal performance in recent years. In turn, this has affected the performance of FPAY stock. Trading for as much as $3 per share as recently as 2022, today FPAY costs around $1.20 per share.



However, as seen in FlexShopper&rsquo;s <a href="https://investors.flexshopper.com/static-files/a0887228-cadd-4603-bdc4-8a1ba1c6cfcb">most recently-released fiscal results</a>, operating performance has started to improve. 



The company <a href="https://seekingalpha.com/news/4036632-flexshopper-gaap-eps-of-0_01-beats-0_24-revenue-of-31_4m-beats-7_42m">beat sell side forecasts for both revenue and earnings</a>. While it&rsquo;s not certain that fiscal performance will carry on in exceeding the market&rsquo;s expectations, <a href="https://finviz.com/quote.ashx?t=FPAY&amp;p=d">a spate of insider buying conducted late last year</a> may suggest better results just around the corner.



<h2>Hemisphere Energy (HMENF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/shutterstock_1932365063-300x169.png" alt="Environmental protection, renewable, sustainable energy sources. Plant growing in the bulb concept. renewable energy stocks to buy"><div>Source: Proxima Studio / Shutterstock.com</div></div>Hemisphere Energy (OTCMKTS:<a href="https://investorplace.com/stock-quotes/hmenf-stock-quote/">HMENF</a>) has surged from under $1 to over $1 per share over the past two months. Is it hope and hype, or something more substantive, that&rsquo;s been driving this extended rally for shares in this Canada-based energy exploration company?



I would go with the latter. The steady run-up in the price of HMENF stock comes on the heels of a <a href="https://www.hemisphereenergy.ca/news/thu-01252024-1200-hemisphere-energy-provides-corporate-update-declares-quarterly-dividend-and">corporate update</a> released by the company on Jan. 25. This update combined many positive announcements. These included news of record energy production during the preceding quarter, promising guidance for 2024.



In the update, Hemisphere also noted that it plans to continue with its aggressive return-of-capital (buyback and dividend) policy. 



In light of the latest developments, HMENF&rsquo;s high forward dividend yield (6%), as well as its low valuation (5.4 times forward earnings), consider it a strong contender for best $1 stock to buy status this month.



<h2>Innovative Food Holdings (IVFH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/01/under10dollars1600-300x169.png" alt="Money, US dollar bills background. Money scattered on the desk. Stocks under $10"><div>Source: rafastockbr / Shutterstock.com</div></div>I wrote about Innovative Food Holdings (OTCMKTS:<a href="https://investorplace.com/stock-quotes/ivfh-stock-quote/">IVFH</a>) earlier this week, but I must again point it out as a strong opportunity for risk-hungry investors. No, not simply because IVFH trades near $1 per share (fitting for any discussion about the best $1 stock to buy).



Rather, as argued previously, IVFH stock has massive upside potential, thanks to a sweeping restructuring plan being implemented at present by the management of this specialty foods purveyor. 



Innovative Food Holdings&rsquo; moves to divest its direct-to-consumer business will remove what has been an unprofitable unit for the overall company.



This divestiture is also freeing up capital. Namely, <a href="https://www.ivfh.com/news-releases/news-release-details/innovative-food-holdings-inc-announces-sale-florida-building">through the sale of company-owned real estate</a>. Per one commentator, this restructuring, plus other efforts by current management to grow Innovative&rsquo;s commercial food wholesaling segment, <a href="https://treasurehunting.substack.com/p/my-current-best-idea-innovation-food">could lead to significant long-term upside</a>. This comes even as shares have nearly tripled in price over the past year.



On the date of publication, Thomas Niel did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/03/what-is-the-best-1-stock-to-buy-in-march-3-top-picks/">What Is the Best $1 Stock to Buy in March? 3 Top Picks.</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

What Is the Best $1 Stock to Buy in March? 3 Top Picks.

My Top Pick - Hemisphere Energy: Polymer Flood 'Beast Mode' Rains Cash Flow

Hemisphere Energy declares CAD 0.025 dividend

Hemisphere Energy GAAP EPS of $0.07 beats by $0.02, revenue of $21M beats by $4.88M

Warning: HMENF is at high risk of cutting its dividend

Hemisphere Energy declares CAD 0.03 dividend

Hemisphere Energy: A 7.2% Dividend Yield Backed By A 14% FCF Yield

EFXT

FPAY

HMENF

IVFH

PARXF

Press Releases

OTC Noteworthy News Watchlist (EPAZ, ASRE, HMENF, NILIF)

Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders

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Hemisphere Energy

News

Latest news for Hemisphere Energy (OTC:HMENF) Stock

Friday, December 20, 2019