JB Hunt Transport Servs Bolsa (NASDAQ: JBHT)

Últimas noticias sobre JB Hunt Transport Servs (NASDAQ:JBHT) Bolsa

JB Hunt Transport Servs

J.B. Hunt Transport Services ranks among the top surface transportation companies in North America by revenue. Its primary operating segments are intermodal delivery, which uses the Class I rail carriers for the underlying line-haul movement of its owned containers (48% of sales in 2023), dedicated trucking services that provide customer-specific fleet needs (28%), for-hire truckload (6%), heavy goods final-mile delivery (7%), and asset-light truck brokerage (11%).

J.B. Hunt Transport Services, Inc. - Common Stock

JB Hunt Transport Services Inc

Barclays analyst Brandon Oglenski maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Equal-Weight and raises the price target from $175 to $195.

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JBHT

Barclays Maintains Equal-Weight on JB Hunt Transport Servs, Raises Price Target to $195

Citigroup analyst Christian Wetherbee maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Buy and raises the price target from $204 to $227.

Citigroup Maintains Buy on JB Hunt Transport Servs, Raises Price Target to $227

The fear of contraction and analysts&#39; sentiment pressured J.B. Hunt (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jbht#NASDAQ">JBHT</a>) stock to a long-term low earlier this year, but a shift signals the opposite for 2025. The Q3 results weren&#39;t robust&mdash;far from it&mdash;but they came in better than feared.&nbsp;They reaffirmed the longer-term outlook and the reliability of capital returns, spurring analysts to raise their<a href="https://www.marketbeat.com/stocks/NASDAQ/JBHT/forecast/" rel="noopener" target="_blank"> stock price targets</a> and revert to the long-term trend.&nbsp;
The critical takeaway is that economic normalization following the COVID-19 pandemic and macroeconomic <a href="https://www.marketbeat.com/originals/jb-hunt-stock-at-an-inflection-point-with-new-highs-in-sight/">headwinds impact</a> J.B. Hunt&#39;s results this year. However, its diversified <a href="https://www.marketbeat.com/stocks/sectors/transportation/">trucking and logistics</a> business is still good, up nearly 25% compared to 2020, with growth expected to resume next year. It may be a few more quarters before significant improvement is seen in the results. Still, broad economic improvement and business tailwinds are expected to form in 2025 due to falling interest rates. Until then, capital returns are reliable.&nbsp;
<h3>J.B. Hunt&#39;s Diversified Business Can Sustain Its Capital Return</h3>
J.B. Hunt didn&#39;t have <a href="https://www.marketbeat.com/stocks/NASDAQ/JBHT/earnings/">a strong quarter</a>, but the $3.07 billion in net revenue, down 2.8% year-over-year (YoY), was nearly 200 basis points better than the consensus reported by MarketBeat and closer to 500 bps above the whisper figures. The primary cause of the decline is a 5% and 6% decrease in revenue per load in the intermodal and trucking segments, compounded by volume weakness in the integrated and dedicated capacity solutions businesses. Final Mile also contributed to the weakness with fewer stops.&nbsp;
Strengths included the intermodal segment reporting an increase in volume and ICS a 3% increase in revenue per load. Segmentally, the intermodal business produced flat results, with volume offsetting the decline in revenue per load while all others contracted. Trucking was the weakest link, with a 12% YoY decline in revenue but still a solid result regarding the company&#39;s financial health and capacity for capital return.&nbsp;
Margin news is also mixed. The company experienced margin compression due to deleveraging and increased personal and equipment expenses but, again, not as bad as feared.
The 90 basis point contraction in the operating margin left income down 7% and the net income by 17%, but still well above forecasts. The $1.49 in GAAP EPS is $0.08 ahead of forecasts, more than 500 basis points, and sufficient to sustain operational quality and capital returns.&nbsp;
Capital returns include the dividend, which yields about 0.8% with shares near $182.5, and share repurchases. Share repurchases were accelerated this year, and the count was reduced by an average of 2.15% year over year during the quarter.&nbsp;
<h3>Analysts&#39; Support Improving For The J.B. Hunt Freight Wagon</h3>
Analysts&#39; support for J.B. Hunt has been firm, with sentiment pegged at Moderate Buy for over a year. However, a trend of reduced price targets weighed on the price action over the summer, a trend that ended with the Q3 results. The initial reaction was very bullish, with more than a dozen analysts tracked by MarketBeat increasing their price target. The consensus is now rising, indicating fair value near the mid-point of the multi-year trading range, with fresh target pointing to higher levels. The high range of analysts&#39; targets suggests a move to the high end of the trading range, with a gain of 10% to 20% possible by the year&#39;s end.&nbsp;
The price action in JBHT stock is favorable following the release. The market surged more than 5% at the high, confirming support and reversal at the low end of a trading range. However, resistance is present at the middle of the range, consistent with the top of a price gap formed earlier this year, and may cap gains in Q4. Trading at <a href="https://www.marketbeat.com/stock-ideas/jb-hunt-hits-the-skids-lower-prices-to-come/">30x its earnings</a> and yielding less than 1%, JBHT is a highly valued stock yielding less than the S&amp;P 500 average, which is a headwind for the market. Assuming the market cannot close above $182.75, JBHT will likely remain range-bound until more news is available.&nbsp;
<img alt="J.B. Hunt, JBHT stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241016111020_chart-jbht-10162024.png" style="height:305px; width:624px" />
The article &quot;<a href="https://www.marketbeat.com/originals/jb-hunt-stock-on-the-move-analysts-forecast-big-gains-ahead/">J.B. Hunt Stock on the Move: Analysts Forecast Big Gains Ahead</a>&quot; first appeared on MarketBeat.

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J.B. Hunt Stock On The Move: Analysts Forecast Big Gains Ahead

Loop Capital analyst Rick Paterson maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Hold and raises the price target from $173 to $187.

Loop Capital Maintains Hold on JB Hunt Transport Servs, Raises Price Target to $187

Barclays analyst Brandon Oglenski maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Equal-Weight and raises the price target from $160 to $175.

Barclays Maintains Equal-Weight on JB Hunt Transport Servs, Raises Price Target to $175

BMO Capital analyst Fadi Chamoun reiterates JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Outperform and maintains $195 price target.

Reiteration

BMO Capital Reiterates Outperform on JB Hunt Transport Servs, Maintains $195 Price Target

Small-cap stocks outperformed large caps in Wednesday's session, with the Russell 2000 Index surging to test July 2024 highs on the back of expectations for interest rate cuts and a <a href="https://www.benzinga.com/topic/regional-banks">strong rally in regional banks. </a>
Financial stocks continued their upward momentum, buoyed by strong earnings reports. Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) significantly beat expectations, propelling its stock up by 8% to new all-time highs.
Regional banks, as tracked by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), rallied 2.1%, hitting levels last seen in early March 2023, prior to the fallout of Silicon Valley Bank.
Airlines also soared, with United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) posting an 11% rally. The surge lifted the entire industry, as tracked by the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), which reached its highest level since July 2023.
The tech sector lagged, weighed down by weak performance in semiconductors. The industry was still reeling from ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>)&#8217;s earnings shock on Tuesday, after the company slashed its 2025 revenue outlook, triggering a broad selloff in chipmakers.
Both the Nasdaq 100 and semiconductor stocks remained flat on Wednesday.
In the currency market, the U.S. Dollar Index was poised to log its 12th positive day in the last 13 sessions. Treasury yields edged lower. Oil prices saw a slight decline of 0.6%, with West Texas Intermediate (WTI) crude falling below $70 per barrel.
Precious metals offered positive signals, with gold set to close its fifth consecutive day of gains, while silver rose 0.8%.
In the cryptocurrency space, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) advanced 1%, reaching $68,000 — its highest level since late July 2024.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,289.65</td>
<td>1.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,981.53</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,830.29</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,131.29</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.2% to $580.82.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.6% higher to $429.93.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.2% to $489.94.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.8% to $226.77.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.4%. The Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 0.3%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul>
<li>Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) fell over 3% after missing earnings estimate. </li>
<li>Other stocks reactive to company earnings included United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), up 11.5%, J.B. Hunt Transport Services Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>), up 3.5%, Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), up 1.7%, Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), up 7.6%, U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), up 4.7% and Citizens Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>).</li>
<li>ASML Holding N.V. fell over 5% after dropping 17% on Tuesday in reaction to dismal revenue outlook. </li>
<li>Companies set to report their earnings after the close include CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Kinder Morgan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>), Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>), Steel Dynamics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) and Alcoa Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>). </li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41356469/mortgage-demand-sees-sharpest-weekly-drop-since-april-2020-as-rates-climb-above-6">Mortgage Demand Sees Sharpest Weekly Drop Since April 2020 As Rates Climb Above 6.5%</a></li>
</ul>
Photo via Shutterstock.

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$BTC

ASML

SPDR Dow Jones Industrial Average ETF Trust

IBKR

JETS

STLD

Tech Stocks Stall, Small Caps Surge As Regional Banks Rally, Airlines Rocket: What's Driving Markets Wednesday?

Susquehanna analyst Bascome Majors maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Neutral and raises the price target from $160 to $165.

Susquehanna Maintains Neutral on JB Hunt Transport Servs, Raises Price Target to $165

Evercore ISI Group analyst Vijay Kumar maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Outperform and raises the price target from $183 to $185.

Evercore ISI Group Maintains Outperform on JB Hunt Transport Servs, Raises Price Target to $185

Stephens &amp; Co. analyst Daniel Imbro reiterates JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Overweight and maintains $195 price target.

Stephens & Co. Reiterates Overweight on JB Hunt Transport Servs, Maintains $195 Price Target

Benchmark analyst Christopher Kuhn reiterates JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Buy and maintains $185 price target.

Benchmark Reiterates Buy on JB Hunt Transport Servs, Maintains $185 Price Target

Stifel analyst J. Bruce Chan maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Hold and raises the price target from $151 to $167.

Stifel Maintains Hold on JB Hunt Transport Servs, Raises Price Target to $167

B of A Securities analyst Ken Hoexter maintains JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) with a Buy and raises the price target from $188 to $196.

B of A Securities Maintains Buy on JB Hunt Transport Servs, Raises Price Target to $196

<h3>Gainers</h3>
<ul>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares rose 38.4% to $1.01 during Wednesday's pre-market session. The company's market cap stands at $4.2 million. </li>
<li>LanzaTech Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNZA#NASDAQ">LNZA</a>) shares rose 12.75% to $1.9. The company's market cap stands at $375.7 million. </li>
<li>Heramba Electric (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PITA#NASDAQ">PITA</a>) shares increased by 10.93% to $1.03. The company's market cap stands at $46.2 million. </li>
<li>Quhuo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QH#NASDAQ">QH</a>) shares rose 8.28% to $1.83. The company's market cap stands at $164.1 million. </li>
<li>JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) stock increased by 7.46% to $187.69. The company's market cap stands at $19.1 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares increased by 7.27% to $0.18. The company's market cap stands at $5.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Simpple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPPL#NASDAQ">SPPL</a>) shares decreased by 7.5% to $0.39 during Wednesday's pre-market session. The market value of their outstanding shares is at $6.2 million. </li>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) shares decreased by 6.16% to $0.22. The company's market cap stands at $10.9 million. </li>
<li>Lakeside Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSH#NASDAQ">LSH</a>) stock declined by 6.14% to $3.06. The market value of their outstanding shares is at $22.9 million. </li>
<li>PS International Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) shares fell 5.22% to $0.8. The company's market cap stands at $19.4 million. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares decreased by 4.85% to $0.28. The market value of their outstanding shares is at $8.2 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) shares declined by 4.6% to $1.23. The market value of their outstanding shares is at $185.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BURU

GRFX

LNZA

NMHI

NRGV

PITA

PSIG

SOAR

SPPL

12 Industrials Stocks Moving In Wednesday's Pre-Market Session

U.S. stock futures point to a flattish start on Wednesday after the <a href="https://www.benzinga.com/markets/equities/24/10/41341168/chipmaker-stocks-sink-on-asml-earnings-leak-oil-eyes-worst-1-day-drop-this-year-small-caps-rally">S&amp;P 500 Index and the Dow Jones Industrial Average retreated from record highs</a> in the previous session. A rebound by tech stocks could lend support to the market but the absence of any major economic catalysts could render the mood uncertain, potentially leading to a range-bound move. Earnings news, and preannouncements, if any, may also guide the market. Crude oil continues to be weak amid the fluid geopolitical situation, exerting further downward pressure on energy stocks.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.09%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.02%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.05%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.49%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up 0.07% to $580.16 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) moved up 0.10% to $491.36, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
Wall Street pulled back sharply from their record highs on Tuesday as Dutch chip-equipment maker ASML Holdings N.V.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) weak revenue forecast weighed down on the artificial intelligence hardware space and oil&#8217;s plunge hurt energy stocks. The major indices opened on a mixed note after a regional manufacturing survey showed an unexpected contraction. 
The S&amp;P 500 and the Nasdaq Composite indices, which started higher, gave back their gains and fell sharply after ASML&#8217;s early earnings release. They languished below the unchanged line for the rest of the session before ending sharply lower, while the Dow was in the red throughout the session.
Healthcare stocks also pulled back strongly, while real-estate stocks ended firmer during the session.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td> Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-1.01%</td>
<td>18,315.59</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.76%</td>
<td>5,815.26</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.75%</td>
<td>42,740.42</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.05%</td>
<td>2,249.82</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Given the bull market has progressed beyond the second year, more gains could follow, according to Carson Group&#8217;s Chief Market Strategist Ryan Detrick. &#8220;Going back 50 years, if a bull market makes it past it&#8217;s 2nd birthday (like this one) that is a great sign many more years could be left in the tank,&#8221; he said. 
&#8220;Five bull markets made it this far and the shortest was at least 5 years old when it ended,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Going back 50 years, if a bull market makes it past it&#39;s 2nd birthday (like this one) that is a great sign many more years could be left in the tank. Five bull markets made it this far and the shortest was at least 5 years old when it ended. &#x1f4aa; <a href="https://t.co/pEcNTRyGRl">pic.twitter.com/pEcNTRyGRl</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1846381774533722340?ref_src=twsrc%5Etfw">October 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">See also: <a href="https://www.benzinga.com/money/how-to-trade-futures-on-thinkorswim">How To Trade Futures</a></figcaption></figure>
Upcoming Economic Data:
<ul>
<li>The Labor Department is due to release its import and export prices report for September at 8:30 a.m. EDT. Economists, on average, expect 0.4% and 0.3% declines in export and import prices, respectively, following 0.7% and 0.3% declines in August.</li>
</ul>
Stocks In Focus:
<ul>
<li> J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) climbed over 7% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the release of the company&#8217;s quarterly results. </li>
<li>NovoCure Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVCR#NASDAQ">NVCR</a>) jumped nearly 30% after the FDA approved the company&#8217;s lung cancer treatment.</li>
<li>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) are among the noteworthy <a href="https://www.benzinga.com/calendars/earnings">companies reporting ahead of the market opening.</a></li>
<li>Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) rose over 1.5% on a positive analysts&#8217; action.</li>
<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) declined over 2% after a report said Qualcomm, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) has been asked to wait until the U.S. election regarding its intention to invest in the troubled chipmaker.</li>
<li>Those reporting after the close include Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), CSX Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>), Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) and Steel Dynamics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures retreated, although the loss was much more modest than Tuesday&#8217;s, while gold futures rose modestly. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rose past the $67.5 level, while the 10-year U.S. Treasury note slipped 2.6 points to 4.012%.
Most Asian markets declined, led by the Japanese market, although the Chinese and Indonesian markets notched up small gains. The tech sell-off seen in Europe and the U.S. dampened sentiment in the domestic markets. 
European stocks were on the back foot in early trading but the U.K. market was seen advancing.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41351475/after-asml-rocks-ai-hardware-names-gene-munster-explains-why-its-overreaction-ai-tr">After ASML Rocks AI Hardware Names, Gene Munster Explains Why It&#8217;s &#8216;Overreaction:&#8217; &#8216;AI Trade Is On Track&#8217;</a></li>
</ul>
Photo via Shutterstock

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US Stocks Could Open Narrowly Mixed After Tuesday's Chip Sell-Off, Bitcoin Heads To $68K, Oil Slips

J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares are trading higher after the company <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41343973/j-b-hunt-transport-services-inc-reports-u-s-gaap-revenues-net-earnings-and-earnings-per-share-for-" rel="noreferrer noopener">reported&nbsp;third-quarter results</a>.
Operating revenue fell 3% Y/Y to $3.07 billion, beating the consensus of $3.02 billion. Revenue declined mainly due to a 5% Y/Y drop in gross revenue per load in Intermodal (JBI) and a 6% Y/Y decrease in Truckload (JBT).
Additionally, load volumes fell by 10% in Integrated Capacity Solutions (ICS) and 6% in Dedicated Contract Services (DCS), along with 6% fewer stops in Final Mile Services (FMS).
Total operating revenue, excluding fuel surcharge revenue, decreased by less than 1% Y/Y in the quarter.
Operating income dipped 7%&nbsp;Y/Y to&nbsp;$224.1&nbsp;million due to decreased revenue across all segments except JBI, along with rising expenses related to personnel, insurance, claims, and equipment.
EPS of&nbsp;$1.49 surpassed <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the consensus of&nbsp;$1.47</a>.
As of September 30, the company had cash and cash equivalents of about $120 million.
In the third quarter of 2024, the company repurchased shares worth around $200 million. As of September 30, J.B. Hunt had around $967 million remaining under its share repurchase authorization.
Investors can gain exposure to the stock via&nbsp;IShares Trust IShares U.S. Transportation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IYT#BATS">IYT</a>) and&nbsp;ETF Opportunities Trust Tuttle Capital Shareholders First Index ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ESGX#BATS">ESGX</a>).
Price Action: JBHT shares are up 7.12% at $187.09 premarket at the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41341168/chipmaker-stocks-sink-on-asml-earnings-leak-oil-eyes-worst-1-day-drop-this-year-small-caps-rally" target="_blank" rel="noreferrer noopener">Chipmaker Stocks Sink On ASML Earnings Leak, Oil Eyes Worst 1-Day Drop This Year, Small Caps Rally: What&#8217;s Driving Markets Tuesday?</a></li>
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Why Is J.B. Hunt Stock Surging Premarket On Wednesday?

WIIM

J.B. Hunt Transport Services shares are trading higher after the company reported better-than-expected Q3 financial results.

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) to report quarterly earnings at $1.58 per share on revenue of $14.41 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Morgan Stanley shares gained 0.2% to $112.49 in after-hours trading.</li>
<li>J.B. Hunt Transport Services (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) reported better-than-expected third-quarter financial results. The company reported quarterly earnings of $1.49 per share which beat the analyst consensus estimate of $1.47 per share. The company reported quarterly sales of $3.07 billion which beat the analyst consensus estimate of $3.02 billion. J.B. Hunt shares climbed 7.1% to $187.00 in the after-hours trading session.</li>
<li>Analysts are expecting Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) to post quarterly earnings at 77 cents per share on revenue of $25.29 billion. The company will release earnings before the markets open. Abbott shares gained 0.1% to $116.10 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Interactive Brokers Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>) reported weaker-than-expected earnings for its third quarter on Tuesday. Interactive Brokers shares fell 4% to $146.85 in the after-hours trading session.</li>
<li>Analysts expect U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) to report quarterly earnings at 99 cents per share on revenue of $6.9 billion before the opening bell. U.S. Bancorp shares rose 0.6% to $47.29 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41342689/top-3-tech-and-telecom-stocks-that-could-lead-to-your-biggest-gains-this-quarter">Top 3 Tech And Telecom Stocks That Could Lead To Your Biggest Gains This Quarter</a></li>
</ul>
Photo courtesy: Shutterstock

HMST

Morgan Stanley, Abbott Laboratories And 3 Stocks To Watch Heading Into Wednesday

<h3>Gainers</h3>
<ul>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock rose 10.9% to $0.19 during Tuesday's after-market session. The company's market cap stands at $4.5 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) stock rose 8.73% to $1.37. The company's market cap stands at $1.2 million. </li>
<li>JB Hunt Transport Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares increased by 8.21% to $189.0. The company's market cap stands at $19.2 billion. As per the news, the Q3 earnings report came out today. </li>
<li>ATIF Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATIF#NASDAQ">ATIF</a>) stock rose 6.93% to $0.95. The market value of their outstanding shares is at $11.3 million. </li>
<li>Loar Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOAR#NYSE">LOAR</a>) stock rose 4.99% to $77.93. The company's market cap stands at $6.9 billion. </li>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock increased by 4.44% to $1.41. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) shares fell 10.3% to $2.18 during Tuesday's after-market session. The company's market cap stands at $32.9 million. </li>
<li>Baiyu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BYU#NASDAQ">BYU</a>) shares decreased by 3.96% to $0.25. The market value of their outstanding shares is at $12.5 million. </li>
<li>Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) shares decreased by 3.88% to $1.24. The company's market cap stands at $186.6 million. </li>
<li>Enpro (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPO#NYSE">NPO</a>) shares declined by 3.54% to $147.99. The market value of their outstanding shares is at $3.1 billion. </li>
<li>Hyzon Motors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYZN#NASDAQ">HYZN</a>) shares declined by 2.98% to $1.96. The company's market cap stands at $10.6 million. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) stock decreased by 2.85% to $0.58. The company's market cap stands at $14.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Citi analyst Ariel Rosa raised the firm's price target on J.B. Hunt (JBHT) to $227 from $204 and keeps a Buy rating on the shares. The firm says se...

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Press Releases

J.B. Hunt Earns Annual Best in Cargo Security Award From Verisk's CargoNet

J.B. Hunt Awards $533K to Recipients in Third Year of Scholarship Program for Families

J.B. Hunt Among TIME World's Best Companies 2024 Ranking

J.B. Hunt Adds 20 Additional Nikola FCEVs to Expand Sustainability Solutions for Customers

J.B. Hunt Transport Services, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call Information

J.B. Hunt Transport Services, Inc. Reports U.S. GAAP Revenues, Net Earnings and Earnings Per Share for the Third Quarter 2024

J. B. Hunt Transport Services, Inc. Announces Quarterly Dividend

J.B. Hunt Announces Executive Leadership Changes

J.B. Hunt Transport Services, Inc. Announces Participation in Upcoming Investor Conferences

J.B. Hunt's Veteran-Friendly Culture Earns National Recognitions From VIQTORY, Newsweek and Military Times

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