Why Lattice Semiconductor Shares Are Trading Higher By Around 15%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 11 2025
0mins
Source: Benzinga
Lattice Semiconductor Performance: Lattice Semiconductor's shares rose 14.7% in pre-market trading after reporting fourth-quarter earnings of 15 cents per share, which missed estimates, but revenue of $117.41 million exceeded expectations.
Market Movements: Several stocks saw significant pre-market movements, with Ocean Biomedical gaining 86%, while Fluence Energy fell 35% following disappointing financial results.
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Analyst Views on PSX
Wall Street analysts forecast PSX stock price to fall
15 Analyst Rating
8 Buy
7 Hold
0 Sell
Moderate Buy
Current: 178.840
Low
110.00
Averages
132.40
High
162.00
Current: 178.840
Low
110.00
Averages
132.40
High
162.00
About PSX
Phillips 66 is a diversified and integrated downstream energy provider that manufactures, transports and markets products. The Company's Midstream segment provides crude oil and refined petroleum product transportation, terminating and processing services, as well as natural gas and natural gas liquids (NGL) transportation, storage, fractionation, gathering, processing and marketing services. Its Chemicals segment consists of its 50% equity investment in Chevron Phillips Chemical Company LLC, which manufactures and markets petrochemicals and plastics on a worldwide basis. Its Refining segment refines crude oil and other feedstocks into petroleum products, such as gasoline, distillates, including aviation fuels. Its Marketing and Specialties segment purchases for resale and markets refined products, mainly in the United States and Europe. Its Renewable Fuels segment processes renewable feedstocks into renewable products at the Rodeo Renewable Energy Complex and at its Humber Refinery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Mixed Close for US Stocks: Nasdaq Recovers Slightly
- Market Volatility: On Wednesday, the S&P 500 Index fell by 0.28%, the Dow Jones Industrial Average dropped by 1.09%, while the Nasdaq 100 Index rose by 0.27%, indicating mixed market performance under pressure from rising oil prices and bond yields.
- Surge in Oil Prices: Following President Trump's declaration that the ceasefire with Iran is over, WTI crude oil prices surged over 4% to a two-week high, boosting inflation expectations and pushing the 10-year Treasury yield to a 1.5-month high of 4.59%.
- Economic Data: US MBA mortgage applications fell by 2.2% for the week ending July 3, with the purchase mortgage sub-index down 0.6% and the refinancing sub-index down 4.1%, reflecting the negative impact of high rates on housing demand.
- Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to Q1's 30% growth, with AI infrastructure stocks expected to contribute nearly 60% of S&P 500 earnings growth, highlighting strong potential in technology investments.
See More
US Stocks Decline as Oil Prices Surge
- Market Decline: The S&P 500 index fell by 0.79%, the Dow Jones Industrial Average dropped by 1.44%, and the Nasdaq 100 index decreased by 0.61%, reflecting heightened investor caution following President Trump's declaration that the ceasefire with Iran is over, prompting a flight to safety.
- Surge in Oil Prices: WTI crude oil prices surged over 7% to a two-week high as the US launched strikes against Iran, raising concerns about potential disruptions to energy supplies and pushing inflation expectations higher, which in turn lifted the 10-year Treasury note yield to a 1.5-month high of 4.59%.
- Mortgage Applications Decline: US MBA mortgage applications fell by 2.2% in the week ending July 3, with the purchase mortgage sub-index down 0.6% and the refinancing sub-index down 4.1%, indicating that high interest rates are negatively impacting housing demand and could further suppress the recovery in the real estate market.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to the 30% growth seen in Q1, indicating that AI infrastructure stocks are expected to contribute nearly 60% of the S&P 500's earnings-per-share growth, suggesting a positive long-term outlook despite short-term market volatility.
See More
U.S. Stocks Decline as Oil Prices Surge
- Market Decline: The S&P 500 index fell by 0.49%, the Dow Jones Industrial Average dropped by 0.96%, and the Nasdaq 100 index decreased by 0.19%, reflecting investor concerns over escalating tensions in the Middle East, prompting a flight to safety.
- Oil Price Surge: WTI crude oil prices surged over 4% to a two-week high following U.S. military strikes against Iran, raising fears of potential disruptions in energy supplies and further boosting inflation expectations.
- Mortgage Applications Drop: U.S. MBA mortgage applications fell by 2.2% in the week ending July 3, with the purchase mortgage sub-index down 0.6% and refinancing down 4.1%, indicating the negative impact of high interest rates on housing demand.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to the 30% growth seen in Q1, indicating that AI infrastructure stocks will drive S&P 500 earnings-per-share growth, reflecting market confidence in tech stocks.
See More
U.S. Stocks Close Mixed as Chipmakers Weigh on Market
- Mixed Market Performance: The S&P 500 index fell by 0.10% and the Nasdaq 100 index dropped by 0.43%, while the Dow Jones Industrial Average rose by 0.35%, indicating a divergence in market sentiment, particularly under pressure from chipmakers.
- Chip Sector Pressure: Ahead of Micron Technology's earnings report, chipmakers saw declines, reflecting market concerns over AI infrastructure demand, despite Micron's stock rising over 260% this year, highlighting the volatility in tech stocks.
- Oil Price Impact: WTI crude oil prices sank to a 3.5-month low, leading to a drop in bond yields, with the 10-year Treasury yield falling to 4.40%, benefiting sectors like homebuilders and airlines by enhancing profit outlooks amid lower fuel costs.
- Decline in New Home Sales: U.S. May new home sales unexpectedly fell by 7.3% to 580,000 units, below the expected 640,000, indicating weakness in the housing market that could affect future economic growth expectations.
See More
Phillips 66 to Release Q2 2026 Financial Results on August 5, 2026
- Earnings Release Schedule: Phillips 66 will host a webcast at noon ET on August 5, 2026, to discuss its Q2 2026 financial results, which will be released earlier that day, aimed at providing investors with the latest financial status and business performance.
- Webcast Access: Investors can access the webcast link by visiting the Events and Presentations section of the Phillips 66 Investors site, ensuring that all stakeholders can stay updated on the company's latest developments and financial information.
- Replay and Transcript Availability: After the webcast, a replay and transcript will be available on the Events and Presentations page, further enhancing transparency and providing information for investors who could not participate live, reflecting the company's commitment to investor relations.
- Company Overview: Phillips 66 is a leading integrated downstream energy provider with operations in Midstream, Chemicals, Refining, Marketing, and Renewable Fuels, dedicated to safely and reliably providing energy and improving lives while pursuing a lower-carbon future, showcasing its significant role in the global economy.
See More
Phillips 66 CEO Discusses Refining Volatility Amid Geopolitical Uncertainty
- Refining Volatility: Phillips 66 CEO Mark Lashier stated at the Reuters Global Energy Forum that refining and petrochemical earnings will continue to experience greater volatility due to disruptions in the Strait of Hormuz, highlighting the geopolitical risks impacting the industry.
- Cost Control Measures: The company has cut approximately $1/bbl from its refining costs and aims to reduce this to $5.50/bbl, while costs in California are around $15/bbl, indicating challenges in maintaining profitability amid regional cost disparities.
- High-Value Product Yield Improvement: Lashier noted that Phillips 66 has improved the yield of high-value products from its refineries and enhanced overall production efficiency by running refineries at higher utilization rates, which will help the company maintain a competitive edge in a challenging market.
- Slow Crude Supply Clearance: Lashier mentioned that 90M-100M barrels of crude remain trapped in the Strait of Hormuz, and it will take time to return to normal shipping activity, indicating a prolonged process that could affect the company's raw material supply chain and market responsiveness.
See More
Mixed Close for US Stocks: Nasdaq Recovers Slightly
- Market Volatility: On Wednesday, the S&P 500 Index fell by 0.28%, the Dow Jones Industrial Average dropped by 1.09%, while the Nasdaq 100 Index rose by 0.27%, indicating mixed market performance under pressure from rising oil prices and bond yields.
- Surge in Oil Prices: Following President Trump's declaration that the ceasefire with Iran is over, WTI crude oil prices surged over 4% to a two-week high, boosting inflation expectations and pushing the 10-year Treasury yield to a 1.5-month high of 4.59%.
- Economic Data: US MBA mortgage applications fell by 2.2% for the week ending July 3, with the purchase mortgage sub-index down 0.6% and the refinancing sub-index down 4.1%, reflecting the negative impact of high rates on housing demand.
- Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to Q1's 30% growth, with AI infrastructure stocks expected to contribute nearly 60% of S&P 500 earnings growth, highlighting strong potential in technology investments.
See More
US Stocks Decline as Oil Prices Surge
- Market Decline: The S&P 500 index fell by 0.79%, the Dow Jones Industrial Average dropped by 1.44%, and the Nasdaq 100 index decreased by 0.61%, reflecting heightened investor caution following President Trump's declaration that the ceasefire with Iran is over, prompting a flight to safety.
- Surge in Oil Prices: WTI crude oil prices surged over 7% to a two-week high as the US launched strikes against Iran, raising concerns about potential disruptions to energy supplies and pushing inflation expectations higher, which in turn lifted the 10-year Treasury note yield to a 1.5-month high of 4.59%.
- Mortgage Applications Decline: US MBA mortgage applications fell by 2.2% in the week ending July 3, with the purchase mortgage sub-index down 0.6% and the refinancing sub-index down 4.1%, indicating that high interest rates are negatively impacting housing demand and could further suppress the recovery in the real estate market.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to the 30% growth seen in Q1, indicating that AI infrastructure stocks are expected to contribute nearly 60% of the S&P 500's earnings-per-share growth, suggesting a positive long-term outlook despite short-term market volatility.
See More
U.S. Stocks Decline as Oil Prices Surge
- Market Decline: The S&P 500 index fell by 0.49%, the Dow Jones Industrial Average dropped by 0.96%, and the Nasdaq 100 index decreased by 0.19%, reflecting investor concerns over escalating tensions in the Middle East, prompting a flight to safety.
- Oil Price Surge: WTI crude oil prices surged over 4% to a two-week high following U.S. military strikes against Iran, raising fears of potential disruptions in energy supplies and further boosting inflation expectations.
- Mortgage Applications Drop: U.S. MBA mortgage applications fell by 2.2% in the week ending July 3, with the purchase mortgage sub-index down 0.6% and refinancing down 4.1%, indicating the negative impact of high interest rates on housing demand.
- Optimistic Earnings Outlook: Bloomberg Intelligence forecasts a 23% increase in corporate earnings for Q2, close to the 30% growth seen in Q1, indicating that AI infrastructure stocks will drive S&P 500 earnings-per-share growth, reflecting market confidence in tech stocks.
See More
U.S. Stocks Close Mixed as Chipmakers Weigh on Market
- Mixed Market Performance: The S&P 500 index fell by 0.10% and the Nasdaq 100 index dropped by 0.43%, while the Dow Jones Industrial Average rose by 0.35%, indicating a divergence in market sentiment, particularly under pressure from chipmakers.
- Chip Sector Pressure: Ahead of Micron Technology's earnings report, chipmakers saw declines, reflecting market concerns over AI infrastructure demand, despite Micron's stock rising over 260% this year, highlighting the volatility in tech stocks.
- Oil Price Impact: WTI crude oil prices sank to a 3.5-month low, leading to a drop in bond yields, with the 10-year Treasury yield falling to 4.40%, benefiting sectors like homebuilders and airlines by enhancing profit outlooks amid lower fuel costs.
- Decline in New Home Sales: U.S. May new home sales unexpectedly fell by 7.3% to 580,000 units, below the expected 640,000, indicating weakness in the housing market that could affect future economic growth expectations.
See More
Phillips 66 to Release Q2 2026 Financial Results on August 5, 2026
- Earnings Release Schedule: Phillips 66 will host a webcast at noon ET on August 5, 2026, to discuss its Q2 2026 financial results, which will be released earlier that day, aimed at providing investors with the latest financial status and business performance.
- Webcast Access: Investors can access the webcast link by visiting the Events and Presentations section of the Phillips 66 Investors site, ensuring that all stakeholders can stay updated on the company's latest developments and financial information.
- Replay and Transcript Availability: After the webcast, a replay and transcript will be available on the Events and Presentations page, further enhancing transparency and providing information for investors who could not participate live, reflecting the company's commitment to investor relations.
- Company Overview: Phillips 66 is a leading integrated downstream energy provider with operations in Midstream, Chemicals, Refining, Marketing, and Renewable Fuels, dedicated to safely and reliably providing energy and improving lives while pursuing a lower-carbon future, showcasing its significant role in the global economy.
See More
Phillips 66 CEO Discusses Refining Volatility Amid Geopolitical Uncertainty
- Refining Volatility: Phillips 66 CEO Mark Lashier stated at the Reuters Global Energy Forum that refining and petrochemical earnings will continue to experience greater volatility due to disruptions in the Strait of Hormuz, highlighting the geopolitical risks impacting the industry.
- Cost Control Measures: The company has cut approximately $1/bbl from its refining costs and aims to reduce this to $5.50/bbl, while costs in California are around $15/bbl, indicating challenges in maintaining profitability amid regional cost disparities.
- High-Value Product Yield Improvement: Lashier noted that Phillips 66 has improved the yield of high-value products from its refineries and enhanced overall production efficiency by running refineries at higher utilization rates, which will help the company maintain a competitive edge in a challenging market.
- Slow Crude Supply Clearance: Lashier mentioned that 90M-100M barrels of crude remain trapped in the Strait of Hormuz, and it will take time to return to normal shipping activity, indicating a prolonged process that could affect the company's raw material supply chain and market responsiveness.
See More
