Why Lattice Semiconductor Shares Are Trading Higher By Around 15%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2025
0mins
Should l Buy PSX?
Source: Benzinga
Lattice Semiconductor Performance: Lattice Semiconductor's shares rose 14.7% in pre-market trading after reporting fourth-quarter earnings of 15 cents per share, which missed estimates, but revenue of $117.41 million exceeded expectations.
Market Movements: Several stocks saw significant pre-market movements, with Ocean Biomedical gaining 86%, while Fluence Energy fell 35% following disappointing financial results.
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Analyst Views on PSX
Wall Street analysts forecast PSX stock price to fall
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 162.500
Low
110.00
Averages
132.40
High
162.00
Current: 162.500
Low
110.00
Averages
132.40
High
162.00
About PSX
Phillips 66 is a diversified and integrated downstream energy provider that manufactures, transports and markets products. The Company's Midstream segment provides crude oil and refined petroleum product transportation, terminating and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services. Its Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates, including aviation fuels. Its Marketing and Specialties segment purchases for resale and markets refined products, mainly in the United States and Europe. Its Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex and at its Humber Refinery.
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.
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See More
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See More
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- Treasury Yield Dynamics: The current yield on the U.S. 10-year Treasury note stands at 4.156%, with the 2-year yield at 3.592% and the 3-month yield at 3.686%, indicating a cautious market outlook on future interest rate movements.
- Oil Price Fluctuations: Oil prices have risen due to reports of Iran laying anti-ship mines in the Strait of Hormuz, with West Texas Intermediate crude gaining 30% since the onset of the conflict and Brent crude up over 20%, despite overall declines in the commodity market.
- Market Focus: Campbell's is scheduled to report quarterly results on Wednesday morning, having seen its stock fall 12% over the past three months and more than 43% from its peak a year ago, making its performance a key point of interest for investors.
See More
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- Saudi Transport Adjustments: Saudi Aramco confirmed it has rerouted crude shipments through the East-West pipeline to the Red Sea in response to the conflict, ensuring stable supply for customers and reflecting its critical role in the global energy market amid geopolitical tensions.
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See More
