SNX

TD SYNNEX CORP and UNITED OVERSEAS BANK LTD Ratings: Both TD SYNNEX CORP and UNITED OVERSEAS BANK LTD received upgrades in their ratings based on John Neff's investment strategy, with TD SYNNEX increasing from 60% to 81% and UOB from 60% to 79%, indicating growing interest in these stocks.

About John Neff and Validea: John Neff is recognized for his successful management of the Windsor Fund, achieving a 13.7% average annual return over three decades, significantly outperforming the S&P 500. Validea is an investment research service that analyzes stocks based on strategies from renowned investors like Neff.

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Real-time Market Intelligence: Benzinga Pro offers the fastest and most accurate stock market alerts, helping traders stay informed and make winning trades daily.

Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, gaining access to exclusive stories and insights from Benzinga reporters.

Real-time Market Intelligence: Benzinga Pro offers the fastest and most accurate stock market alerts, helping traders stay informed and make winning trades daily.

Community of Traders: Over 10,000 serious traders are part of the Benzinga Pro community, gaining access to exclusive stories and insights from Benzinga reporters.

Investment Opportunity: The information technology sector has several oversold stocks, such as Cerence Inc, TD Synnex Corp, and Marvell Technology Inc, which may present buying opportunities due to their low RSI values indicating they are undervalued.

Recent Stock Performance: Cerence's stock dropped 62% recently, TD Synnex missed revenue expectations with a 22% decline, and Marvell Technology fell 29%, all reflecting significant price drops alongside their respective RSI values below 30.

Market Reaction to Tariffs: U.S. stock futures declined following the announcement of new auto tariffs on foreign cars and parts, with President Trump threatening higher tariffs if the EU and Canada retaliate. Investors are also closely monitoring inflation measures ahead of the Federal Reserve's upcoming meeting.

Sector Performance and Earnings Reports: Most sectors in the S&P 500 experienced losses, particularly in energy and technology, while some companies like TD Synnex and Verint Systems saw significant drops in their stock prices after disappointing earnings reports.

Market Sentiment and Stock Performance: The CNN Money Fear and Greed index remained in the "Fear" zone at 27.9, reflecting a lack of change in market sentiment. U.S. stocks fell on Thursday, with the Dow Jones dropping over 150 points due to concerns over new tariffs announced by Trump on auto imports, impacting European automakers.

Economic Data and Sector Performance: Initial jobless claims decreased slightly, while the U.S. economy showed a growth rate of 2.4% in Q4. Most sectors in the S&P 500 closed negatively, particularly energy and technology, although health care and consumer staples saw gains.

Auto Stocks and GameStop Performance: Major automobile manufacturers saw declines in their stock prices following President Trump's proposed tariffs, while GameStop's shares dropped over 17% after announcing plans to raise $1.3 billion through convertible notes for bitcoin purchases.

Company Earnings and Stock Movements: Several companies experienced significant stock movements; Petco surged 34% due to positive earnings forecasts, while TD Synnex and Kyndryl faced drops of 14% and over 10%, respectively, due to disappointing earnings reports and allegations of financial issues.

U.S. Stock Market Performance: U.S. stocks declined with the Dow Jones falling 0.23%, while consumer discretionary shares rose by 1.2%. Notable stock movements included TD SYNNEX Corp dropping 18% after missing revenue expectations, and Soleno Therapeutics surging 41% following FDA approval for a new drug.

Economic Indicators: Initial jobless claims decreased to 224,000, and the U.S. economy grew at an annualized rate of 2.4% in Q4. Additionally, wholesale inventories increased by 0.3%, and pending home sales rose by 2% in February, surpassing estimates.

Earnings Reports: Major companies such as Gevo, Lululemon, and Winnebago are set to report earnings today, with expected stock price movements indicated by options prices.

Implied Moves: The anticipated stock price changes range significantly, with PDS Biotechnology showing a potential move of +/- 125% and Gevo at +/- 29.27%, highlighting the volatility around earnings announcements.

Market Sentiment: The CNN Money Fear and Greed index indicates a decline in market sentiment, remaining in the "Fear" zone at a reading of 28.6, while U.S. stocks, particularly major tech companies, experienced significant losses on Wednesday.

Economic Data: Despite the overall market downturn, February saw a 0.9% increase in new orders for manufactured durable goods, totaling $289.3 billion, with most sectors on the S&P 500 closing negatively except for utilities and consumer staples.

Earnings Reports and Stock Movements: TD SYNNEX is expected to report earnings of $2.91 per share, while GameStop plans to offer $1.3 billion in convertible senior notes, causing its shares to drop 7.4%. Winnebago's earnings are anticipated at 13 cents per share, with Steelcase reporting better-than-expected results, leading to an 11.8% increase in its stock.

Market Expectations for Other Companies: Analysts predict Lululemon will post earnings of $5.85 per share after the market closes, although its shares fell slightly in after-hours trading.

Market Overview: The stock market rebounded after the US Federal Reserve maintained interest rates, with significant gains in major indices led by key tech stocks. AI continues to impact various sectors positively, while concerns about security risks associated with AI are being raised by experts.

TD Synnex Corporation's Role: TD Synnex is enhancing its offerings in AI through its "Destination AI" program and showcased its AI infrastructure solutions at a recent event, ranking 5th among top AI news updates for investors.

Market Performance: The S&P 500 and Nasdaq both experienced their first positive week in five, attributed to a late surge on Friday.

Trading Outlook: Both indices are entering Monday's trading session with renewed momentum following the recent gains.

Earnings Reports Overview: The upcoming earnings week will feature reports from various sectors, including retail (Lululemon, Chewy, GameStop), solar energy (Canadian Solar, JinkoSolar), and infrastructure (Argan), with analysts closely monitoring spending trends and financial performance.

Analyst Expectations: Analysts predict mixed outcomes for these companies, with concerns about GameStop's declining sales and KB Home's profit outlook, while Chewy and Lululemon are expected to show growth despite valuation concerns.

Analyst Rating Changes: Several Wall Street analysts have adjusted their price targets for various companies, including a decrease for Tesla and Target, while Liquidia Corporation and Sportradar Group saw increases in their targets.

Stock Performance: Despite the changes in price targets, analysts maintained their ratings on these stocks, with some holding Buy or Overweight ratings, indicating confidence in their future performance.

Insider Trading Activity: Marshall Witt, CFO of $SNX, sold 1,510 shares for approximately $193,400, representing about 2.9% of his holdings, while insiders have conducted 47 sales and no purchases in the last six months.

Analyst Ratings and Institutional Activity: Four firms have issued buy ratings for $SNX stock with a median price target of $138. Additionally, 232 institutional investors increased their positions while 265 decreased them in the most recent quarter.

Partnership Expansion: Lantronix Inc. has expanded its partnership with TD SYNNEX to distribute its Out-of-Band, network infrastructure, and IIoT solutions across Europe, enhancing support for global customers and partners.

Market Growth Expectations: The collaboration aims to increase Lantronix's market presence in Europe, leveraging TD SYNNEX's established success in North America to provide advanced IoT solutions locally.

Partnership Expansion: Lantronix Inc. has expanded its partnership with TD SYNNEX to distribute its IoT solutions and network infrastructure across Europe, enhancing support for global customers and channel partners.

Market Growth Potential: The collaboration aims to increase Lantronix's market presence in Europe, leveraging TD SYNNEX's established distribution capabilities to provide local access to advanced technology solutions.

Hyve Solutions at GTC 2025: Hyve Solutions Corporation will showcase its AI infrastructure portfolio at GTC 2025, focusing on scalable AI deployments across datacenter, hybrid cloud, and edge environments, emphasizing their end-to-end AI lifecycle solutions, including design, manufacturing, and advanced testing capabilities.

Innovative AI Solutions: The company will present products like the Hyve Orion™ optimized for high-performance AI workloads and custom networking solutions aimed at accelerating AI initiatives, while also highlighting their commitment to enhancing AI infrastructure through strategic partnerships and global deployment capabilities.