Industrials

Oppenheimer analyst Noah Kaye initiated coverage on Lennox International Inc (NYSE: LII) with a Perform rating. Lennox is implementing a segment realignment in North America under new leadership and has begun a process to sell its European commercial HVACR businesses. The...

Credit Suisse analyst Scott Deuschle reiterated an Outperform rating on the shares of L3Harris Technologies Inc (NYSE: LHX) with a price target of $240. The aerospace and defense company is slated to report its first-quarter FY23 after market close on March 27. The analyst...

Lockheed Martin Ventures, the venture arm of Lockheed Martin Corp (NYSE: LMT), has made a strategic investment in REGENT, an electric seaglider manufacturing company. The financial terms were not disclosed. The investment will accelerate the development of seagliders for...

Gainers Virgin Orbit Holdings, Inc. (NASDAQ: VORB) shares rose 81.2% to $0.8032 in pre-market trading. Richard Branson's Virgin Orbit is nearing a deal for a $200 million investment from Texas-based Venture Capital investor Matthew Brown via a private share placement, according to a term sheet...

Gainers U.S. Xpress Enterprises, Inc. (NYSE: USX) shares surged 298% to $5.97 after Knight-Swift Transportation agreed to acquire the company for $6.15 per share. Impac Mortgage Holdings, Inc. (NYSE: IMH) gained 94.8% to $0.39. Impac Mortgage Holdings recently posted a Q4 adjusted loss of $0.35...

Terran Orbital Corporation (NYSE: LLAP) reported fourth-quarter FY22 revenue of $31.92 million, an increase of 197% year-over-year, beating the consensus of $31.17 million. The company stated that the increase in revenue was primarily due to the continued support of the SDA's...

Gainers Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) shares rose 147% to $0.5682 in pre-market trading. Cerberus Cyber Sentinel said it sees Q4 revenue of $14.7 million and sees FY22 revenue of $46.5 million. Blue Star Foods Corp. (NASDAQ: BSFC) climbed 29.9% to $0.2061 in pre-market...

Gainers Loyalty Ventures Inc. (NASDAQ: LYLT) gained 121.1% to $0.19. Shares of companies in the broader communication, media & entertainment industry traded higher as stocks rebound from recent weakness stemming from instability concerns in the financial sector, which could impact future Fed...

Benzinga The Inevitable End - SVB Financial Officially Files For Bankruptcy In New York SVB Financial Group (NYSE: SIVB) has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to...

Norwegian company Loke Marine Minerals has acquired deep sea mineral business UK Seabed Resources (UKSR) from Lockheed Martin Corp (NYSE: LMT). Financial terms were not disclosed. UKSR holds a 100% interest in two deep-sea mineral licenses located in the Clarion-Clipperton Zone...

Several airlines, from United Airlines (NYSE: UAL) to Spirit Airlines (NYSE: SAVE), have come out with updated guidance that points to headwinds in Q1. The news has the stock prices moving in different directions today, but the takeaway is clear. Headwinds are present in Q1, but demand remains...

The global LED lighting market, thanks to players like Applied UV Inc. (NASDAQ: AUVI), is witnessing significant growth. The market size was valued at $68.9 billion in 2022 and is projected to reach $264.08 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 17.6% during...

Gainers Kimball International, Inc. (NASDAQ: KBAL) shares jumped 84.9% to $12.40 after HNI Corporation announced it will acquire the company for $485 million. Fresh Tracks Therapeutics, Inc. (NASDAQ: FRTX) rose 40.9% to $2.48 after the company announced, in its Phase 1 study, FRTX-02 was generally...

Southwest Airlines Co (NYSE: LUV) chose Amazon.com Inc (NASDAQ: AMZN) cloud unit Amazon Web Service as its preferred cloud provider.  This large-scale modernization with AWS is part of the airline's long-term plan to enhance the passenger journey, optimize...

The most overbought stocks in the consumer discretionary sector presents an opportunity to go short on these overvalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock...