Latest news for  (OTC:ICBSF) Stock

WIIM

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.

News

Price Target

Reiteration

Analyst Ratings

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

Hyatt Eyes Standard International To Expand Luxury Portfolio: Report

CHUY

Chuy's Holdings shares are trading higher after Darden Restaurants announced it will acquire the company.

INFY

Infosys shares are trading higher following a Q1 earnings beat.

Gap shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $27 to $29.

TOST

Toast shares are trading higher after Mizuho upgraded the stock from Neutral to Outperform and raised its price target from $21 to $33.

Taiwan Semiconductor shares are trading higher following a Q2 earnings beat.

Lockheed Martin Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) delivered the first of eight C-130J-30 Super Hercules tactical airlifters to Ohio&#8217;s Youngstown Air Reserve Station, marking the introduction of the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39815857/lockheed-martin-delivers-first-c-130j-30-super-hercules-to-ohio-youngstown-air-reserve-station" rel="noreferrer noopener">aircraft&#8217;s new aerial spray mission capability</a>.
The 910th Airlift Wing operates the Department of Defense&#8217;s only large-area, fixed-wing aerial spray capability to control disease-carrying insects and disperse oil spills.
The versatile C-130J Super Hercules now supports 19 mission capabilities, including this unique aerial spray function.
The U.S. Air Force Reserve&#8217;s fleet includes both C-130Js and legacy aircraft. Adding the C-130J Super Hercules enhances readiness with extended reach and improved mission interoperability.
Rod McLean, vice president and general manager of Lockheed Martin&#8217;s Air Mobility &amp; Maritime Missions line of business said, &#8220;Lockheed Martin is honored to deliver the most advanced Super Hercules ever built to the 910th Airlift Wing, providing cutting-edge technology and enabling a critical mission for the U.S. Air Force Reserve,&#8221; &nbsp;
Last week, the Pentagon stated that it will reportedly resume accepting new F-35s this month, <a href="https://www.benzinga.com/markets/equities/24/07/39736883/lockheed-prepares-for-takeoff-pentagon-plans-to-restart-f-35-deliveries-report" target="_blank" rel="noreferrer noopener">boosting Lockheed Martin shares</a>.
Apart from this, recently, Lockheed Martin Aeronautics won a $520.4 million contract modification&nbsp;by the U.S. Air Force to produce the F-16 Viper Shield&nbsp;<a href="https://www.benzinga.com/markets/equities/24/07/39613212/lockheed-martin-secures-520m-air-force-contract-for-f-16-viper-shield-electronic-warfare-suite" target="_blank" rel="noreferrer noopener">electronic warfare suite</a>.
Investors can gain exposure to LMT via&nbsp;Global X Funds Global X Defense Tech ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>) and&nbsp;First Trust Exchange-Traded Fund First Trust Indxx Aerospace &amp; Defense ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MISL#NYSE">MISL</a>).
Price Action: LMT shares are up 0.06% at $476.34 premarket at the last check Thursday.
Photo via Shutterstock

Large Cap

MISL

SHLD

C-130J Takes on New Role: Lockheed Martin Delivers Aerial Spray Aircraft

BYND

Beyond Meat shares are trading lower following a report suggesting the company's liquidity has weakened and it is engaging bondholders for debt discussions.

Earnings

Earnings Beats

Infosys Q1 2025 GAAP EPS $0.18, Inline, Sales $4.714B Beat $4.651B Estimate

LESL

Leslie's shares are trading lower after the company issued preliminary Q3 financial results below estimates and cut its FY24 guidance.

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth initiates coverage on Spectral AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDAI#NASDAQ">MDAI</a>) with a Buy rating and announces Price Target of $3.5.

Initiation

MDAI

HC Wainwright & Co. Initiates Coverage On Spectral AI with Buy Rating, Announces Price Target of $3.5

Domino's Pizza shares are trading higher following a Q2 EPS beat.

Guidance

Domino's Pizza Is Temporarily Suspending Its Guidance Metric Of 1,100+ Global Net Stores Until Full Effect Of Dpe's Store Opens And Closures On International Net Store Growth Are Known

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Legend Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LEGN#NASDAQ">LEGN</a>) with a Buy and maintains $73 price target.

LEGN

HC Wainwright & Co. Reiterates Buy on Legend Biotech, Maintains $73 Price Target

Reported Earlier, Alaska Air Group Expects Q3 EPS Of $1.40 - $1.60, Est $2.05

Shares of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), the world&#8217;s largest contract chipmaker and a major Apple and Nvidia supplier, bounced back strongly <a href="https://www.benzinga.com/premarket">in premarket trading </a>on Thursday after the nearly 8% plunge seen in the previous session,
Sentiment toward the Hsinchu, Taiwan-based company improved after it <a href="https://www.benzinga.com/markets/asia/24/07/39832197/apple-nvidia-supplier-tsmc-reports-strong-q2-results-amid-booming-demand-for-ai-chips-guides-q3-abov">reported second-quarter earnings</a> that exceeded expectations and grew both year-over-year and quarter-over-quarter. The robust performance reflected a strong uptake of its most advanced processor node technologies for high-performance computing which are vital for artificial intelligence technology-related applications and machine learning.
More importantly, the company sees the strong demand to continue in the second half. The third-quarter revenue exceeded expectations and CEO C.C. Wei said he continues to expect 2024 to be &#8220;a strong growth year for TSMC.&#8221;
TSMC&#8217;s earnings have proved healthy for the chip and other tech stocks, which were battered on Wednesday after both Donald Trump and President Joe Biden sent them into a tailspin. The former said Taiwan should pay the U.S. for defense, while the Biden administration suggested more China chip export curbs.
The premarket session also saw other chip stocks, including Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVIDIA#NASDAQ">NVIDIA</a>), Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) and AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), rising over 1%.
In premarket trading, TSMC rose 2.74% to $175.80, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Photo by Sundry Photography on Shutterstock

Movers

Trading Ideas

NVIDIA

SMCI

Apple, Nvidia Supplier TSMC Stock Rises In Thursday's Premarket After Crashing 8% In Last Session: What's Driving The Rebound?

Domino's Pizza Q2 U.S. Same Store Sales +4.8%, International Same Store Sales (Excl Forex) +2.1%, Global Net Store Growth +175

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