S&P 500 Futures Rise in Pre-Market Trading; Joby Aviation and Las Vegas Sands Underperform
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16h ago
0mins
Source: Barron's
Stock Market Opening: U.S. stock markets are set to open in two hours.
IBM Performance: International Business Machines Corp. (IBM) saw a 9.5% increase in pre-market trading.
Meta Platforms Performance: Meta Platforms Inc. (META) experienced an 8.8% rise in pre-market trading.
Market Sentiment: The significant gains for both companies indicate positive market sentiment ahead of the market opening.
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Analyst Views on CHRW
Wall Street analysts forecast CHRW stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CHRW is 167.65 USD with a low forecast of 85.00 USD and a high forecast of 210.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
14 Buy
5 Hold
1 Sell
Moderate Buy
Current: 184.280
Low
85.00
Averages
167.65
High
210.00
Current: 184.280
Low
85.00
Averages
167.65
High
210.00
About CHRW
C.H. Robinson Worldwide, Inc. is a global logistics provider. The Company's segments include North American Surface Transportation (NAST), Global Forwarding, and All Other and Corporate. NAST segment provides transportation and logistics services across North America through a network of offices in the United States, Canada, and Mexico. NAST segment’s services include truckload and less than truckload transportation brokerage services. Global Forwarding segment provides transportation and logistics services through an international network of offices in North America, Europe, Asia, Oceania, South America, and the Middle East and also contracts with independent agents worldwide. Global Forwarding segment’s services include ocean freight services, air freight services, and customs brokerage. All Other and Corporate segment includes Robinson Fresh and Managed Solutions. Robinson Fresh provides sourcing services. In its Managed Solutions business, it often acts as the shipper’s agent.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
C.H. Robinson Reports Better-Than-Expected Q4 Profit Amid Market Challenges
- Earnings Beat: C.H. Robinson (CHRW) reported an adjusted profit of $1.23 per share in Q4, reflecting a 1.7% year-over-year increase and exceeding expectations by 10 cents, demonstrating resilience in a challenging market environment.
- Market Share Gains: Despite weak global freight demand, C.H. Robinson achieved approximately 1% growth in North American Surface Transportation (NAST) total volume and about 3% growth in truckload volume, showcasing its competitive edge through disciplined revenue management.
- Margin Improvement: NAST's adjusted gross profit margin improved by 20 basis points to 14.6%, indicating successful cost control measures, even as total revenue declined due to the divestiture of its European business and pricing pressures.
- Increased Cash Flow: The company generated $305.4 million in operating cash flow, an increase of $37.5 million, highlighting ongoing improvements in cash management and operational efficiency.
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US Stocks Close Mostly Lower, Microsoft Plummets 10%
- Microsoft's Disappointing Earnings: Microsoft shares plummeted over 10% due to underwhelming growth in its cloud business and higher-than-expected expenses, putting pressure on the overall market, particularly tech stocks.
- Meta's Strong Rebound: Meta Platforms' stock surged more than 10% after reporting Q4 revenue of $59.89 billion, exceeding expectations, with Q1 revenue forecasted between $53.5 billion and $56.5 billion, significantly above the $51.27 billion consensus.
- Energy Stocks Benefit: WTI crude oil prices jumped over 3% to a 4.25-month high as President Trump called for negotiations with Iran on a nuclear deal, boosting energy producers' stock prices.
- Economic Data Impact: US weekly initial unemployment claims fell to 209,000, indicating a slightly weaker labor market, while continuing claims dropped to 1.827 million, showing a stronger labor market, influencing market sentiment.
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