Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.

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STOCKS TO WATCH:  $WMT $SCHW $ATVI $CDW $FRGT

Walmart (WMT) - Shares traded slightly higher following better-than-expected quarterly results and raised guidance. Walmart raised its 2024 earnings per share guidance from a prior range of $5.90-$6.10 to $6.10-$6.20.

 

Charles Schwab (SCHW) - A play on continued favorable commentary by sell-side analysts. Deutsche Bank analysts Thursday morning highlighted concerns over the last few months related to Schwab cash-shorting issues, but noted these issues continue to ease. Schwab shares remain near lows not seen since the end of 2020.

 

Activision Blizzard (ATVI) - A sympathy play following earnings out of peer in the video game space, Take-Two Interactive (TTWO). Take-Two shares were up 11% following quarterly results. Activision Blizzard investors have at least one upcoming news catalyst on the horizon over the next month: the release of action role-playing game, Diablo 4.

 

CDW Corp. (CDW) - Shares saw volatile trading very early Thursday morning. The NYSE's Arca exchange commented on the trading and said erroneous trades in the issue would be busted, meaning those orders would be effectively cancelled and removed from the tape.

 

Freight Technologies (FRGT) - One of Thursday's momentum du-jour plays. Shares of this penny stock were up 15%. While the company did issue a press release Thursday morning, it was tough to say if the stock moved on the release. More likely, shares saw momentum as the issue is a low-float play with under 10 million shares in its float.

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Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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