El interés en corto de TD Synnex da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de TD Synnex. Los datos de interés en corto se actualizan cada dos semanas.

TD Synnex (NYSE:SNX) Bolsa, Informe de interés en corto

TD Synnex

TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.

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Delta, TD Synnex, Costco y otras empresas publican sus resultados trimestrales hoy. Conoce las previsiones y movimientos en el pre-market.

Acciones a seguir hoy: Delta, Costco y más reportan ganancias trimestrales

TD Synnex Corp

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CFRA analyst Shreya Gheewala upgrades TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) from Hold to Buy and raises the price target from $122 to $147.

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CFRA Upgrades TD Synnex to Buy, Raises Price Target to $147

Wall Street faced heavy selling pressure in its first trading session after former President Jimmy Carter's funeral, as a series of economic developments rattled interest rate and energy markets, sparking heightened <a href="https://www.benzinga.com/markets">risk aversion among investors.</a>
The U.S. economy added 256,000 jobs in December, far exceeding expectations of a slowdown to 160,000. The unemployment rate dipped to 4.1%, defying forecasts that had anticipated it to remain at 4.2%.
This red-hot labor market data spurred traders to recalibrate their interest-rate projections. According to the CME FedWatch Tool, expectations for a rate cut have been postponed even further, with markets now fully pricing in a reduction only by September 2025.
Adding to market turmoil, oil prices — as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) — surged more than 3% to $76 per barrel after the Biden administration imposed stricter sanctions on Russian oil exports. These measures targeted major Russian oil companies, shadow fleet tankers and opaque trading networks, intensifying pressure on Moscow&#8217;s energy revenues.
Rising interest rate concerns and inflation uncertainty weighed heavily on equities. The latest University of Michigan consumer survey showed five-year inflation expectations rise to 3.3%, the highest since June 2008.
The S&amp;P 500 dropped nearly 2%, hovering around the 5,800-point level, fully erasing gains made since the election. 
Technology and small-cap stocks bore the brunt of the sell-off, with sharper declines across both sectors.
The U.S. Dollar Index (DXY) climbed to 109.70, marking its highest level since November 2022. The greenback is on track to notch its sixth consecutive weekly gain and has risen in 14 of the past 15 weeks, underscoring its dominance as a safe haven amid market turbulence.
Treasury yields climbed further as fixed-income investors braced for the possibility of persistent inflation. The 10-year Treasury yield rose seven basis points to 4.76%, nearing its late October 2023 highs.
The 30-year Treasury yield briefly touched the 5% mark, a level last seen in October 2023 and previously in August 2007.
Gold prices offered a haven for risk-averse investors, climbing 0.9% as geopolitical uncertainties mounted.
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw some dip-buying activity, up by 1.2%, snapping a three-day losing streak during which it shed 10% of its value. 
<h1 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,812.53</td>
<td>-1.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>41,837.77</td>
<td>-1.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,744.86</td>
<td>-2.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,173.84</td>
<td>-2.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;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>) flattened at $588.43.</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;was unchanged at $425.08.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.1% to $514.72.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dipped 1% to $220.91.</li>
<li>The&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) outperformed, up 0.4%; the&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) lagged, down 0.9%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) tumbled 5% after Goldman Sachs downgraded the stock from Buy to Neutral.</li>
<li>Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) soared over 10%, <a href="https://www.benzinga.com/25/01/42912208/delta-stock-jumps-after-record-q4-earnings-and-strong-2025-outlook">following the release of stronger-than-expected fourth-quarter results</a>. Industry peers American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) rose 4% and 5%, respectively.</li>
<li>Other stocks reacting to earnings included Jefferies Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JEF#NYSE">JEF</a>), down 12%; Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>), down 16%; TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>), up 6.2% and Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>), up 26%,</li>
<li>Insurance-linked stocks faced losses as damage from California&#8217;s wildfires continues to mount. Shares of American International Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) fell nearly 2%. Meanwhile, Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>) and Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) plummeted by 7.4% and 4.8%, respectively.</li>
<li>Energy stocks rose in response to soaring oil prices. Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) soared 2%, buoyed by a bullish note from Bank of America Securities. </li>
</ul>
Read Now: 
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<li><a href="https://www.benzinga.com/news/25/01/42916780/donald-trump-receives-unconditional-discharge-in-new-york-hush-money-case-will-enter-white-house-as-convicted-felon">Donald Trump Receives Unconditional Discharge In New York Hush Money Case, Will Enter White House As Convicted Felon</a></li>
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Wall Street Tumbles On Blowout Payrolls, Oil Rallies To $76, US Dollar Hits 26-Month Highs: What's Driving Markets Friday?

U.S. stocks were lower, with the Dow Jones index falling over 700 points on Friday.
Shares of TD Synnex Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) rose sharply in today's session after the company reported <a href="https://www.benzinga.com/25/01/42915528/td-synnex-shares-delivers-earnings-beat-and-boosts-dividend-by-10">better-than-expected quarterly financial results.</a>
Quarterly revenue of $15.85 billion, up 10% Y/Y, exceeded the analyst view of $15.22 billion. The Fremont, California-based company reported an adjusted EPS of $3.09, beating the street view of $3.05.
TD Synnex shares jumped 5.5% to $128.76 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Microvast Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) shares jumped 37.3% to $2.57 after the company announced a developments in its True All-Solid-State Battery technology.</li>
<li>Walgreens Boots Alliance Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) gained 23.6% to $11.40 after the company reported better-than-expected first-quarter financial results.</li>
<li>Savers Value Village Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SVV#NYSE">SVV</a>) surged 13.5% to $10.63 after the company reported preliminary fourth quarter and full year net sales.</li>
<li>Oculis Holding AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCS#NASDAQ">OCS</a>) gained 13.1% to $21.14.</li>
<li>Sasol Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) gained 13.1% to $4.99.</li>
<li>Pacira Biosciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCRX#NASDAQ">PCRX</a>) climbed 12.1% to $20.83 after the company reported a preliminary year-over-year increase in FY25 revenue.</li>
<li>Royalty Pharma plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPRX#NASDAQ">RPRX</a>) gained 10.6% to $28.97 after the company announced it increased its quarterly dividend.</li>
<li>Merus NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRUS#NASDAQ">MRUS</a>) gained 9.8% to $46.35.</li>
<li>Teekay Tankers Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>) rose 8.1% to $45.56.</li>
<li>Talos Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TALO#NYSE">TALO</a>) gained 6.2% to $10.58.</li>
<li>TD Synnex Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) rose 5.5% to $128.76 after the company reported better-than-expected quarterly financial results.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/01/42912948/top-3-materials-stocks-that-are-set-to-fly-this-month">Top 3 Materials Stocks That Are Set To Fly This Month</a></li>
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TD Synnex, Walgreens, Savers Value Village And Other Big Stocks Moving Higher On Friday

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TD Synnex shares are trading higher after the company reported better-than-expected Q4 financial results.

TD SYNNEX Corp&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>)&nbsp;shares are trading higher on Friday after the company&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42910517/td-synnex-reports-fiscal-2024-fourth-quarter-and-full-year-results" rel="noreferrer noopener">reported its&nbsp;fourth-quarter results</a>.
Quarterly revenue of&nbsp;$15.85 billion, up&nbsp;10%&nbsp;Y/Y,&nbsp;exceeded the analyst view of&nbsp;$15.22 billion.
The Fremont, California-based company reported an adjusted EPS of&nbsp;$3.09,&nbsp;beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">street view of&nbsp;$3.05</a>.
On a constant currency basis, revenue increased&nbsp;9.2%, led by growth in both the Advanced Solutions and Endpoint Solutions portfolios.
Adjusted gross billings were&nbsp;$21.2&nbsp;billion in the quarter under review, compared to&nbsp;$19.7&nbsp;billion in the prior-year quarter.
Gross profit rose to $1.04 billion from $1.02 billion in the prior year quarter, while margin declined to 6.6% from 7.1%.
Adjusted operating income stood at&nbsp;$422&nbsp;million&nbsp;versus&nbsp;$427&nbsp;million&nbsp;a year ago quarter, with an adjusted margin of&nbsp;2.7%&nbsp;versus&nbsp;3.0%&nbsp;in the same period last year.
TD SYNNEX returned&nbsp;$136&nbsp;million to shareholders through share repurchases and dividends.
Dividend: TD SYNNEX&#8217;s Board of Directors raised a quarterly cash dividend by 10% to&nbsp;$0.44 per share, payable on January 31, to stockholders of record as of January 24.
Outlook: TD SYNNEX expects&nbsp;first-quarter&nbsp;adjusted EPS of&nbsp;$2.65&nbsp;&#8211;&nbsp;$3.15,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">compared to the estimate of&nbsp;$2.95</a>.
The company projects revenue of&nbsp;$14.4 billion &#8211; $15.2 billion, vs. the estimated&nbsp;$14.769 billion.
Patrick Zammit, CEO of TD SYNNEX, said, &#8220;Gross billings in Q4 grew 7% year-over-year and we returned 72% of our free cash flow to shareholders in fiscal year 2024. Building on our momentum, we believe we&#8217;re well-positioned for the year ahead as we anticipate the IT spending environment will continue to improve.&#8221;
Investors can gain exposure to the stock via&nbsp;Tidal Trust III Rockefeller U.S. Small-Mid Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSMC#NYSE">RSMC</a>) and Invesco Exchange-Traded Fund Trust II Invesco S&amp;P MidCap 400 Revenue ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RWK#NYSE">RWK</a>).
Price Action:&nbsp;SNX shares are up&nbsp;5.84%&nbsp;at&nbsp;$129.23 at the last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/01/42908495/us-stocks-to-open-on-a-tentative-note-as-traders-remain-cautious-ahead-of-fridays-crucial-jobs-data" target="_blank" rel="noreferrer noopener">US Stocks To Open On A Tentative Note As Traders Remain Cautious Ahead Of Friday&#8217;s Crucial Jobs Data</a></li>
</ul>

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Tidal Trust III Rockefeller U.S. Small-Mid Cap ETF

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TD SYNNEX Delivers Strong Q4, Raises Dividend Amid IT Growth Momentum; Stock Gains

TD SYNNEX Sees Q1 Adj. EPS $2.65 - $3.15 vs $2.95 Est., Revenue $14.4B - $15.2B vs $14.769B Est.

TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) reported quarterly earnings of $3.09 per share which beat the analyst consensus estimate of $3.05 by 1.31 percent. The company reported quarterly sales of $15.845 billion which beat the analyst consensus estimate of $15.220 billion by 4.11 percent. This is a 9.98 percent increase over sales of $14.407 billion the same period last year.

Earnings Beats

TD Synnex Q4 2024 Adj. EPS $3.09 Beats $3.05 Estimate, Sales $15.845B Beat $15.220B Estimate

U.S. stock futures declined on Friday ahead of the crucial U.S. <a href="https://www.benzinga.com/news/25/01/42905396/us-may-add-fewer-jobs-in-december-with-an-unchanged-unemployment-rate-predict-economists">jobs data</a> report after a mixed close in the previous session. Futures of all four major indices fell in premarket trade.
Traders were cautious on Friday morning as <a href="https://www.benzinga.com/news/25/01/42905396/us-may-add-fewer-jobs-in-december-with-an-unchanged-unemployment-rate-predict-economists">economists</a> expect December's non-farm payrolls to soften as compared to November in Friday's official monthly jobs report. The unemployment rate is projected to hold steady at 4.2%.
The stock markets ended mixed on Wednesday followed by a break on Thursday in the remembrance of former President Jimmy Carter.
The 10-year and two-year Treasury notes yielded 4.70% and 4.29%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025, FOMC meeting was at 95.2%, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according to</a> CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.03%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.08%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.01%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.17%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was down 0.03% to $589.31, and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was down 0.058% to $514.97, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
U.S. stock markets closed <a href="https://www.benzinga.com/news/earnings/25/01/42906229/dow-surges-over-100-points-following-fed-minutes-investor-sentiment-declines-greed-index-remains-in-fear-zone">mixed</a> on Wednesday, with the Dow Jones Industrial Average gaining over 100 points. The Federal Reserve&#8217;s latest meeting minutes revealed uncertainty among policymakers regarding future interest rate cuts. The incoming administration&#8217;s policies and their potential impact on inflation remain unclear. 
Acuity Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>), a leading lighting solutions provider, reported weaker-than-expected revenue for the first quarter of its fiscal year.
On the economic data front, U.S. private companies added 122,000 jobs in December, lower than November&#8217;s figure and below market expectations. Initial jobless claims decreased to an 11-month low, suggesting a tightening labor market.
Most sectors in the S&amp;P 500 Index closed higher, with consumer staples, healthcare, and materials sectors leading the gains. However, the energy and communication services sectors experienced declines.
The Dow Jones Industrial Average closed 0.25% higher at 42,635.20, up approximately 107 points. The S&amp;P 500 Index rose 0.16% to 5,918.25, while the Nasdaq Composite dipped 0.055% to 19,478.88. Russell 200, on the other hand, fell 0.48% to 2,238.96.
<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>-0.055%</td>
<td>19,478.88</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.16%</td>
<td>5,918.25</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.25%</td>
<td>42,635.20</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.48%</td>
<td>2,238.96</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
TradingEconomics <a href="https://www.benzinga.com/news/25/01/42905396/us-may-add-fewer-jobs-in-december-with-an-unchanged-unemployment-rate-predict-economists">compiled</a> economist consensus expects nonfarm payrolls to show a net gain of 154,000 jobs in December, down sharply from the 227,000 added in November. On the other hand, Bloomberg's consensus estimate stands at 165,000 jobs.
However, December's job report will be "the first clean monthly employment report after October," said&nbsp;Ed Yardeni&nbsp;and&nbsp;Eric Wallerstein&nbsp;in their weekly economic report, adding that October witnessed hurricanes and strikes, and November's jobs were boosted because of the returning workers.
Yardeni Research also anticipates further hiring under the Trump administration due to potential policy changes and increased economic certainty.
A <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42881085/is-labor-market-cooling-or-raising-fed-concerns-what-to-watch-in-fridays-jobs-report">weaker-than-expected jobs report</a> on Friday could boost U.S. stocks, weaken the dollar, and lower government bond yields, as investors might see it as an indication that the Fed has room to ease monetary policy. &#8211;
Conversely, stronger-than-expected job growth or a lower unemployment rate could raise concerns about a robust labor market, potentially delaying the Fed&#8217;s timeline for easing.
&#8220;The recent string of strong economic data can keep pushing back the timing of the next Fed rate cut,&#8221; said Collin Martin, director, of fixed income strategy at the Schwab Center for Financial Research. &#8220;The Fed funds futures market is not pricing in the next cut until July, and if inflation remains as sticky as it has lately, it seems likely that the Fed could skip cutting rates at a number of meetings.&#8221;
Drawing a parallel between a strong U.S. dollar and equity performance, Louis Navellier of Navellier &amp; Associates said that a stronger greenback &#8220;impedes the sales in the multi-international stocks&#8221; in the S&amp;P 500 and most such stocks have at least half of their revenue coming from outside U.S.
&#8220;As a result, domestic stocks tend to prosper during a strong U.S. dollar environment, especially small-to-mid capitalization companies,&#8221; he added.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a> 
Upcoming Economic Data
<ul>
<li>On Friday, the U.S. employment report, unemployment rate, and hourly wages data for December along with hourly wages year over year will be released at 8:30 a.m., ET.</li>
</ul>
<ul>
<li>The preliminary consumer sentiment data for January will be announced at 10:00 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) was up 3.37% in the premarket on Friday. Wall Street is expecting it to report quarterly earnings of $1.76 per share on revenue of $14.21 billion before the opening bell, according to data from <a href="https://www.benzinga.com">Benzinga Pro</a>.</li>
</ul>
<ul>
<li>TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) was marginally up by 0.07% as analysts expect it to post quarterly earnings at $3.05 per share on revenue of $15.22 billion. The company will release earnings before the markets open.</li>
</ul>
<ul>
<li>Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) was marginally down by 0.50% as it will be reporting its earnings before the opening bell. Analysts project quarterly earnings of $3.31 per share on revenue of $2.53 billion.</li>
</ul>
<ul>
<li>Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) was also up 0.33% ahead of its earnings before the opening bell. Analysts expect quarterly earnings of 37 cents per share on revenue of $37.28 billion.</li>
</ul>
<ul>
<li>Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) was up 2.44% after it posed a 9.9% jump in its core comparable sales excluding forex and gas price changes for the five weeks ended Jan. 5, 2025.</li>
</ul>
<ul>
<li>Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) was up 114.47% as it regained compliance with Nasdaq&#8217;s minimum stockholders&#8217; equity requirement, which it previously failed to meet.</li>
</ul>
<ul>
<li>IGM Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IGMS#NASDAQ">IGMS</a>) was down 68.55% as it announced in a regulatory filing that it is reducing its workforce by 73% to preserve cash.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were higher in the early New York session by 2.52% to hover around $75.78 per barrel.
The gold spot index was up by 0.68% to $2,709.19 per ounce. The Dollar Index was at 109.184 level.
Asian markets closed lower on Friday as Hong Kong&#8217;s Hang Seng, Japan&#8217;s Nikkei 225, India&#8217;s S&amp;P BSE Sensex, China&#8217;s CSI 300, Australia&#8217;s ASX 200, and South Korea&#8217;s Kospi index declined. European markets were mixed.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42906089/california-wildfires-ignite-concerns-for-insurance-stocks-here-are-some-insurance-etfs-which-could-be-impacted">California Wildfires Ignite Concerns For Insurance Stocks: Here Are Some Insurance ETFs Which Could Be Impacted</a></li>
</ul>
Photo courtesy: Wikimedia

Analyst Color

Macro Notification

Market Summary

Futures

General

IGMS

VMAR

US Stocks To Open On A Tentative Note As Traders Remain Cautious Ahead Of Friday's Crucial Jobs Data

<h3>Companies Reporting Before The Bell</h3>
• Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is likely to report quarterly earnings at $3.32 per share on revenue of $2.54 billion. 
• E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $161.00 million. 
• Neogen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOG#NASDAQ">NEOG</a>) is likely to report quarterly earnings at $0.10 per share on revenue of $226.65 million. 
• Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) is expected to report quarterly earnings at $0.46 per share on revenue of $37.20 billion. 
• Tilray Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) is projected to report earnings for its second quarter. 
• TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) is likely to report quarterly earnings at $3.07 per share on revenue of $15.30 billion. 
• Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) is projected to report quarterly earnings at $1.74 per share on revenue of $14.64 billion. 
<h3>Companies Reporting After The Bell</h3>
• WD-40 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) is projected to report quarterly earnings at $1.31 per share on revenue of $147.44 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ETWO

NEOG

TLRY

WDFC

Earnings Scheduled For January 10, 2025

With U.S. stock futures trading lower this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) to report quarterly earnings at $1.76 per share on revenue of $14.21 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Delta Air Lines shares gained 0.2% to $61.57 in after-hours trading.</li>
<li>Analysts are expecting TD Synnex Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) to post quarterly earnings at $3.05 per share on revenue of $15.22 billion. The company will release earnings before the markets open. TD SYNNEX shares gained 0.8% to $122.19 in after-hours trading.</li>
<li>Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) reported December net sales of $27.52 billion, representing a 9.9% year-over-year surge. Costco shares gained 1.9% to $944.80 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Before the markets open, Constellation Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) is projected to report quarterly earnings at $3.31 per share on revenue of $2.53 billion. Constellation Brands shares gained 0.4% to $220.25 in after-hours trading.</li>
<li>Analysts expect Walgreens Boots Alliance Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) to post quarterly earnings at 37 cents per share on revenue of $37.28 billion before the opening bell. Walgreens shares gained 0.4% to $9.26 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/25/01/42900074/how-to-earn-500-a-month-from-synovus-financial-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings</a></li>
</ul>
Photo courtesy: Shutterstock

Delta Air Lines, Walgreens And 3 Stocks To Watch Heading Into Friday

RBC Capital analyst Ashish Sabadra reiterates TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) with a Outperform and maintains $140 price target.

Reiteration

RBC Capital Reiterates Outperform on TD Synnex, Maintains $140 Price Target

TD SYNNEX Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/SNX/earnings">opening bell on Friday, Jan. 10, 2025.</a>
Analysts expect the Fremont, California-based company to report quarterly earnings at $3.05 per share, down from $3.13 per share in the year-ago period. TD SYNNEX projects to report revenue of $15.22 billion for the recent quarter, compared to $14.41 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Dec. 19, TD SYNNEX named Kristie Grinnell as Chief Information Officer.
TD SYNNEX shares gained 0.7% to close at $117.28 on Tuesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/SNX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Loop Capital analyst Ananda Baruah reiterated a Buy rating with a price target of $150 on Oct. 7. This analyst has an accuracy rate of 74%.</li>
<li>Barclays analyst Tim Long maintained an Equal-Weight rating and raised the price target from $131 to $132 on Sept. 27. This analyst has an accuracy rate of 73%.</li>
<li>Barrington Research analyst Vincent Colicchio maintained an Outperform rating with a price target of $138 on Sept. 27. This analyst has an accuracy rate of 61%.</li>
<li>RBC Capital analyst Ashish Sabadra reiterated an Outperform rating with a price target of $140 on Sept. 27. This analyst has an accuracy rate of 70%.</li>
<li>UBS analyst David Vogt maintained a Buy rating and raised the price target from $145 to $150 on June 26. This analyst has an accuracy rate of 71%.</li>
</ul>
Considering buying SNX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="587" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02043648/image-1-1024x587.png" alt="" class="wp-image-714707" style="width:611px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02043648/image-1-1024x587.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02043648/image-1-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02043648/image-1-768x440.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/02043648/image-1.png 1112w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/markets/24/12/42740135/how-to-earn-500-a-month-from-alphabet-stock">How To Earn $500 A Month From Alphabet Stock</a></li>
</ul>

TD SYNNEX Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

TD Synnex's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) short percent of float has risen 24.38% since its last report. The company recently reported that it has 2.00 million shares sold short, which is 3.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.84 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>TD Synnex Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734723921_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for TD Synnex has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing TD Synnex's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, TD Synnex's peer group average for short interest as a percentage of float is 4.75%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into TD Synnex's Recent Short Interest

Ensuring password security and effortless access to credentials across customer IT ecosystem
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.lastpass.com%2F&amp;esheet=54158922&amp;newsitemid=20241203941375&amp;lan=en-US&amp;anchor=LastPass&amp;index=1&amp;md5=ff9502cff9bc10f62da60b26cc136cd3">LastPass</a>, a leader in password and identity management solutions, today announced a strategic partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. This partnership simplifies the purchasing process for IT resellers and managed service providers (MSPs) in North America by offering streamlined access to LastPass' solutions through TD SYNNEX's trusted distribution network.
With growing concerns around cybersecurity and identity protection, the ability to offer trusted, easy-to-implement credential management solutions is a key differentiator. This collaboration offers resellers and MSPs a more streamlined path to delivering secure, reliable password and identity management solutions to their clients. By simplifying and optimizing the purchasing process, resellers and MSPs can more effectively meet the rising demand for a secure, seamless user experience for partners and their user base.

LastPass Announces Partnership With TD SYNNEX, Simplifying The Purchasing Process For IT Resellers And Managed Service Providers In North America By Offering Streamlined Access To LastPass' Solutions Through TD SYNNEX's Distribution Network

Last week was the 13F filings deadline at the SEC.
All stripes of money managers, from freshly minted mutual fund managers to hedge fund pros and patrician blue blood family offices, must send the Securities and Exchange Commission a list of every stock they owned at the end of the third quarter.
A simple comparison of this quarter&#8217;s filing to the last one shows what the best and brightest of Wall Street have been buying and selling recently.
The financial media and instant experts of the Internet have been all over the place in the last week, telling us what Warren Buffett, Cathie Wood, Michael Burry, Bill Ackman, and many other celebrity investors have been doing with their money recently.
It is undoubtedly a fun topic and occasionally interesting, but knowing what multi-gazillionaires are doing with their cash is not very useful for those of us still working to cobble together the first billion.
One of the most critical pieces of information from the quarterly filings is that most people who get paid to manage America&#8217;s money are mediocre at best.
What most do not realize is that this mediocrity is mostly intentional.
To be great, you must be different.
As Sir John Templeton pointed out, you cannot be great if you do what everyone else does.
Being different on Wall Street can get you fired.
Being a portfolio manager is a perfect job.
The easiest way to keep that job is to do what everybody else is doing.
That way, if something goes wrong, it is the market&#8217;s fault.
If you try to be great and something goes wrong, it is your fault.
The unemployment line beckons.
The trick to making money from the acts of idea piracy I perform every quarter is to dig deep and find those investors who dare to be different and are not managing so much money that mediocre is the best they can achieve.
One of the finest examples of that small handful of investors worthy of being raided is Glenn Greenberg of Brave Warriors Advisors.
The tale of Glenn Greenberg&#8217;s investing career is not a rags-to-riches tale by any stretch of the imagination.
His mother was the great-granddaughter of the founder of the Gimbels chain of department stores in New York.
While Gimbels closed in 1986, it was a major player in the retail industry for 144 years and is best known today (especially this time of year) for its role in &#8220;A Miracle on 34th Street.&#8221;
His father is Hall of Fame slugger Hank Greenberg, one of the greatest power hitters of all time. He helped lead the Detroit Tigers to two World Series titles.
Like many of the best investors, Glenn Greenberg did not take a traditional route to Wall Street. He got a degree in English from Yale University and followed that with a Master of Arts in Literature from New York University.
Then he went to Columbia and procured an MBA.
After completing his MBA in 1971, Greenberg joined Morgan Guaranty Trust&#8217;s Pension group as an analyst and portfolio manager, where he worked for five years. In 1978, he moved to Central-National Gottesman, collaborating with Arthur Ross and Edgar Wachenheim, two successful off-the-radar screen investors.
In 1984, Greenberg went out on his own with Chieftain Capital until 2010 when he outperformed the S&amp;P 500 by 50% annually.
He and his partner parted company, and Greenberg founded Brave Warrior Advisors.
The outperformance has continued at Brave Warrior as Greenberg has outperformed the indexes by a wide margin.
Greenberg uses a value-oriented philosophy and takes a handful of positions in companies he considers excellent businesses that can be purchased at attractive prices.
Like most fund managers, Greenberg holds stocks for years, not just months.
Idea pirates who owned the top ten stocks in the Brave Warrior Portfolio have done very well.
Greenberg was only adding shares of a handful of his holdings in the past quarter.
The largest addition was a new position in Ryanair Holdings (Ticker: RYAAY), the Dublin-based discount airline.
Ryanair is known for its high operating efficiency and strong market position. The airline currently offers over 3,600 flights to destinations in 340 cities worldwide.
Ryanair has ambitious growth plans and is targeting a 50% growth in passenger numbers by the end of the decade, supported by its growing fleet of fuel-efficient aircraft.
The airline&#8217;s strong balance sheet will allow it to manage the ebbs and flows of the global economy and air travel.
Coupled with its history of consistent profitability and a shareholder-friendly approach to capital returns, the company&#8217;s growth plans and strong balance sheet create the opportunity for massive long-term gains for patient, aggressive investors.
Brave Warrior was also buying more TD Synnex Corp (Ticker: SNX) shares. Synnex is a leading global distributor and solutions aggregator for the IT ecosystem, with over 150,000 customers in over 100 countries worldwide.
Synnex distributes products from over 2,500 vendors, including many in fast-growing marketplace segments like cloud, cybersecurity, big data/analytics, AI, IoT, mobility, and everything as a service.
Whoever the biggest winner in technology is going forward, there is a good chance Synnex will sell a significant percentage of the gear and equipment needed to reach their goals.
The firm&#8217;s third largest purchase is one of my favorite companies in one of my favorite industries.
We are not done using oil and gas.
We are not even close to being done.
We will need enormous amounts of both, especially natural gas, to fund the future of industry and technology.
It will all move through pipelines, terminals, processing centers, and other infrastructure.
Oil and gas companies will pay a fee to move their products through that infrastructure.
Much of that infrastructure is owned by MPLX (Ticker: MPLX), a publicly traded MLP.
They collect the fees and pay them out to shareholders as dividends.
The shares currently yield right around 7.5%.
The value of the assets they own and the cash they produce should increase over time.
A few years ago, I had a friend tell me they did not want to buy MLPs like MPLX because they hated dealing with K-1 forms at tax time.
Since then, he would have collected more than half the dividend purchase price, and the stock has almost tripled.
It would have been more profitable to pay the accountant.
Stealing ideas from Glenn Greenberg and his team may not be the most exciting thing you have ever done with your portfolio.
There is a good chance it could be the most profitable.

Opinion

MPLX

RYAAY

C-Suite Buys of the Week: Airlines and Infrastructure are Heating Up

TD Synnex's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) short percent of float has fallen 6.6% since its last report. The company recently reported that it has 1.12 million shares sold short, which is 1.98% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.27 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>TD Synnex Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731346211_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for TD Synnex has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing TD Synnex's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, TD Synnex's peer group average for short interest as a percentage of float is 5.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into TD Synnex's Recent Short Interest

AEIS

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ANET

AVGO

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Next Technology Holding Inc. - Ordinary Shares

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Shares of companies within the broader technology sector are trading higher in sympathy with overall market strength after Donald Trump was elected president of the United States.

It was reported on October 21, that DAVID VETTER, Chief Legal Officer at TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>) executed a significant insider sell, according to an SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001177394/000112760224025811//Archives/edgar/data/1177394/000112760224025811/0001127602-24-025811-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that VETTER sold 20,000 shares of TD Synnex. The total transaction amounted to $2,462,800. 
Tracking the Tuesday's morning session, TD Synnex shares are trading at $120.75, showing a down of 0.0%.
<h3>About TD Synnex</h3>
TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.
<h3>Financial Insights: TD Synnex</h3>
Revenue Growth: TD Synnex's revenue growth over a period of 3 months has been noteworthy. As of 31 August, 2024, the company achieved a revenue growth rate of approximately 5.19%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 6.54%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): TD Synnex's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 2.09.
</li>
</ul>
Debt Management: TD Synnex's debt-to-equity ratio is below the industry average. With a ratio of 0.5, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current P/E ratio of 15.66 is below industry norms, indicating potential undervaluation and presenting an investment opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.18, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 8.62, TD Synnex could be considered undervalued.
</li>
</ul>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
Within the legal framework, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as per Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
The initiation of a new purchase by a company insider serves as a strong indication that they expect the stock to rise.
However, insider sells may not always signal a bearish view and can be influenced by various factors.
<h3>Understanding Crucial Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001177394">Check Out The Full List Of TD Synnex's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

TD Synnex Chief Legal Officer Trades Company's Stock

DAVID VETTER, Chief Legal Officer at TD Synnex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNX#NYSE">SNX</a>), executed a substantial insider sell on October 21, according to an SEC filing.
What Happened: A Form 4 filing from the <a href="https://www.sec.gov/Archives/edgar/data/0001177394/000112760224025811//Archives/edgar/data/1177394/000112760224025811/0001127602-24-025811-index.htm">U.S. Securities and Exchange Commission</a> on Monday showed that VETTER sold 20,000 shares of TD Synnex. The total transaction amounted to $2,462,800. 
At Tuesday morning, TD Synnex shares are down by 0.0%, trading at $120.75.
<h3>Delving into TD Synnex's Background</h3>
TD Synnex Corp is a distributor and solutions aggregator for the IT ecosystem. The company aggregates and distributes IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. Its geographical segments include, the Americas, Europe, and APJ.
<h3>Breaking Down TD Synnex's Financial Performance</h3>
Positive Revenue Trend: Examining TD Synnex's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 5.19% as of 31 August, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company faces challenges with a low gross margin of 6.54%, suggesting potential difficulties in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): TD Synnex's EPS is notably higher than the industry average. The company achieved a positive bottom-line trend with a current EPS of 2.09.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.5, TD Synnex adopts a prudent financial strategy, indicating a balanced approach to debt management.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 15.66 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 0.18, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 8.62, TD Synnex presents an attractive value opportunity.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
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<h3>Why Insider Activity Matters in Finance</h3>
Insightful as they may be, insider transactions should be considered alongside a thorough examination of other investment criteria.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Navigating the World of Insider Transaction Codes</h3>
Navigating through the landscape of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, precisely detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001177394">Check Out The Full List Of TD Synnex's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;utm_source=benzinga-insights">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TD Synnex Chief Legal Officer Trades $2.46M In Company Stock

Businesses to secure every sign-in to every app from every device with 1Password Extended Access Management
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2F1password.com%2F&amp;esheet=54140146&amp;newsitemid=20241022675450&amp;lan=en-US&amp;anchor=1Password&amp;index=1&amp;md5=3ade7b0d99ed8a611a12a408d304cdc5">1Password</a>, a leader in identity security, today announced a new strategic partnership with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tdsynnex.com%2Fna%2Fus%2F&amp;esheet=54140146&amp;newsitemid=20241022675450&amp;lan=en-US&amp;anchor=TD+SYNNEX&amp;index=2&amp;md5=da0b45f2330226778d74d83c377cea7a">TD SYNNEX</a>, a leading global distributor and solutions aggregator for the IT ecosystem. Leveraging TD SYNNEX's extensive distribution network and robust logistical and operational capabilities, the partnership will enable businesses across North America to secure every sign-in to every app from every device with 1Password's category-defining Extended Access Management (XAM) solution.

1Password Partners With TD SYNNEX Enabling Businesses Across North America To Secure Every Sign-In To Every App From Every Device With 1Password's Extended Access Management Solution

RBC Capital keeps an Outperform rating and $140 price target on TD Synnex (SNX) while noting that the company should deliver mid-to-high single dig...

TD Synnex to deliver mid-high single digit billings growth, says RBC Capital

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TD SYNNEX Q4 2024 Earnings Preview

Here's the major earnings before the open tomorrow

TD SYNNEX declares $0.44 dividend

TD SYNNEX Non-GAAP EPS of $3.09 beats by $0.04, revenue of $15.8B beats by $580M

Reports Q4 revenue $15.84B, consensus $15.22B. "We delivered strong results this quarter, driven by our end-to-end portfolio, global reach and diff...

TD Synnex reports Q4 EPS $3.09, consensus $3.05

TD SYNNEX Corporation 2024 Q4 - Results - Earnings Call Presentation

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TD SYNNEX Corporation (SNX) Q4 2024 Earnings Call Transcript

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Press Releases

TD SYNNEX Elevates StreamOne® with New Commerce and Security Capabilities

TD SYNNEX Report: Partners of the Future Embrace Collaboration, Advanced Solutions and Infrastructure in North America

LastPass Announces Partnership with TD SYNNEX

Maxar Intelligence Announces Partnership with TD SYNNEX

TD SYNNEX Awarded a 2024 AWS Partner Award

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