Agilent Technologies Inc. ($A) Stock Forecast: Down 7.3% Today

What is Agilent Technologies Inc.?

Stock A: Stock A saw a notable drop in value today as the market remained turbulent.

Why is Agilent Technologies Inc. going down?

A stock is down 7.3% on May 30, 2024 16:41

• Stock A plummeted by 15% following discouraging guidance, contributing to the significant bearish movement.
• The decline of a major market player, Salesforce, had a negative impact on overall market sentiment, resulting in a weakening of US equity futures despite lower bond yields.
• The typical negative correlation between Equity/Yields shifted, affecting the ability of small-caps to maintain their gains for the week.
• Stock A's downward trend was influenced by broader market dynamics and the poor performance of key market players such as Salesforce.

A Price Chart

A News

Midday movers: Salesforce, Kohl''s and Agilent fall; Foot Locker, HP rise

https://www.investing.com/news/stock-market-news/salesforce-kohls-and-agilent-fall-premarket-foot-locker-moderna-rise-3463070

https://www.investing.com/news/stock-market-news/salesforce-kohls-and-agilent-fall-premarket-foot-locker-moderna-rise-3463070

Futures, Rates Drop As Salesforce Implosion Sours Mood

Futures, Rates Drop As Salesforce Implosion Sours Mood US equity futures are weaker despite lower bond yields, breaking away from this week’s narrative of Equity/Yields negative correlation, after Salesforce plunged 15% due to disappointing guidance. Small-caps are poised to outperform but have failed to hold gains this week. As of 7:45am, S&P futures are down 0.4%, pointing to a second day of declines but off the session''s worst levels as Nasdaq futures drop 0.3% while Europe’s Stoxx 600 benchmark was led higher by telecom and banking stocks. Premarket, the Mag7 names are mostly lower, ex-AAPL, while NVDA is -0.8%, weighing on Semis, dragged lower by the read through from Salesforce. 10Y yields are down 2 basis points after jumping about 15 bps in the past two days. The US dollar is seeing its weakest start to the day for this week; commodities and bitcoin are weaker, too. Today’s macro data focus will be on Jobless Claims, Retail Inventories, Pending Home Sales, and revisions to the 24Q1 GDP print including the GDP Price Index and Core PCE Price Index.

https://www.zerohedge.com/markets/futures-rates-drop-salesforce-implosion-sours-mood

Today’s Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Thursday

It’s time to dive into the biggest pre-market stock movers for Thursday as we check out all of the hottest news this morning! Moving stocks this morning are earnings reports, new contracts, a CEO change and more. Let’s get into that news below!

https://investorplace.com/2024/05/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-thursday-may-30th/

A Stock Earnings: Agilent Technologies Beats EPS, Misses Revenue for Q2 2024

Agilent Technologies (NYSE:A) just reported results for the second quarter of 2024. Agilent Technologies reported earnings per share of $1.22. This was above the analyst estimate for EPS of $1.19. The company reported revenue of $1.57 billion. This was 0.44% worse than the analyst estimate for revenue of $1.58 billion. InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

https://investorplace.com/earning-results/2024/05/a-stock-earnings-agilent-technologies-for-q2-of-2024/

Agilent Technologies Q2 2024 Earnings: EPS Beats, Revenue Misses Estimates

Agilent Technologies Q2 2024 Earnings: EPS Beats, Revenue Misses Estimates

https://www.gurufocus.com/news/2448089/agilent-technologies-q2-2024-earnings-eps-beats-revenue-misses-estimates

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Agilent Technologies Inc. Price History

23.09.2023 - A Stock was up 3.3%

• Crossmark Global Holdings Inc. acquired more shares of Agilent Technologies, indicating confidence in the company's future prospects.
• This positive news may have contributed to the bullish movement in Agilent Technologies' stock.
• The increased holdings by Crossmark Global Holdings Inc. suggest that they believe Agilent Technologies will continue to perform well in the medical research market.

25.09.2023 - A Stock was down 7.0%

• Agilent Technologies Inc. announced its fourth-quarter fiscal year 2023 financial results, which might have had a negative impact on the stock's movement.
• The acquisition of Agilent Technologies Inc. shares by Crossmark Global Holdings Inc. could have also influenced the bearish market movement.
• It is possible that investors reacted negatively to the financial results or perceived the acquisition as a potential risk factor for the company.
• The overall market sentiment might have contributed to the bearish movement of Agilent Technologies Inc. stock.

30.09.2023 - A Stock was down 5.0%

• Despite the overall market slip, Agilent Technologies (A) saw a slight increase in its stock price, indicating some resilience in the face of market challenges.
• Investors are eagerly anticipating the dividend payout from Agilent Technologies, which may have contributed to the positive sentiment surrounding the stock.
• The upcoming announcement of Agilent Technologies' fourth-quarter fiscal year 2023 financial results could be a factor influencing the bearish market movement, as investors may be cautious ahead of the release.
• It is important to note that the provided articles do not explicitly mention any specific news or events that could directly explain the bearish market movement.

15.08.2023 - A Stock was up 5.7%

• Agilent Technologies and Exact Sciences announced the acquisition of Resolution Bioscience by Exact Sciences. This groundbreaking deal holds immense value for both parties and could be seen as a positive development for Agilent Technologies.
• The financial details of the transaction remain undisclosed, but the market seems to have reacted positively to the news, resulting in the bullish movement of Agilent Technologies' stock.
• Agilent Technologies has a history of outperforming the market and has a significant market capitalization, which could have contributed to the bullish movement as well.

10.04.2024 - A Stock was up 5.0%

• Agilent Technologies (A) has shown improved relative strength, with its RS rating increasing from 68 to 75, pointing to favorable price movements.
• Historical data reveals that investing in Agilent Technologies (A) over the last decade would have delivered impressive returns, outpacing the broader market by 2.75% annually.
• The positive market momentum surrounding Agilent Technologies (A) can be attributed to its consistently robust performance and strong investor confidence in its future growth prospects.
• The bullish trajectory of Agilent Technologies (A) underscores the firm's solid market positioning and potential for sustained success in its industry.

28.01.2024 - A Stock was up 5.1%

• Agilent reported a decline in profit for Q1 2024 due to lower revenues.
• Jefferies raised Agilent's price target citing a strong Q1 performance.
• The company's earnings beating estimates and surpassing analysts' expectations further fueled positive momentum in Agilent's stock.
• The overall bullish movement in the market, with specific sectors like Utilities and Communication Services performing well, also contributed to positive sentiment towards Agilent Technologies Inc.

21.10.2023 - A Stock was up 6.9%

• Agilent Technologies, Inc. (A) reported impressive Q4 results, beating Street estimates and showing an increase in profit from the same period last year.
• The company, known for its leadership in life sciences, diagnostics, and applied chemistry, gained in after-hours trading following the earnings announcement.
• Agilent's strong performance amidst industry challenges contributed to the bullish movement.
• The positive earnings report and market reaction likely attracted investors, leading to the upward movement in stock A.

04.00.2024 - A Stock was down 5.4%

• The bearish movement in Agilent Technologies Inc. (A) stock today could be attributed to the following factors:
• 1. Insider Selling: The news of Senior Vice President Philip Binns selling a significant number of shares might have raised concerns among investors, indicating a lack of confidence in the company's future prospects.
• 2. Profit-Taking: After a period of strong performance, investors may have decided to take profits, leading to a sell-off in the stock.
• 3. Market Sentiment: Overall market conditions and investor sentiment could have influenced the bearish movement in Agilent Technologies Inc. (A) stock, as broader market trends often impact individual stock prices.
• 4. Technical Factors: Technical indicators, such as moving averages or resistance levels, might have triggered selling pressure among traders, contributing to the bearish movement in the stock.
• In summary, the bearish movement in Agilent Technologies Inc. (A) stock today could be attributed to insider selling, profit-taking, market sentiment, and technical factors.

30.04.2024 - A Stock was down 7.3%

• Stock A plummeted by 15% following discouraging guidance, contributing to the significant bearish movement.
• The decline of a major market player, Salesforce, had a negative impact on overall market sentiment, resulting in a weakening of US equity futures despite lower bond yields.
• The typical negative correlation between Equity/Yields shifted, affecting the ability of small-caps to maintain their gains for the week.
• Stock A's downward trend was influenced by broader market dynamics and the poor performance of key market players such as Salesforce.

31.09.2023 - A Stock was up 5.1%

• The bullish movement in Agilent Technologies' stock today can be attributed to several factors:
• 1. Positive market sentiment: Despite a slip in the overall market, Agilent Technologies managed to increase by 0.88%. This indicates that investors have confidence in the company's growth potential and are optimistic about its future performance.
• 2. Dividend payout anticipation: Investors are eagerly awaiting the dividend payout from Agilent Technologies, which is scheduled for October 25, 2023. This could be attracting more investors to the stock, driving up its value.
• 3. Investment opportunity recognition: Madison Investments, an investment advisor, highlighted Agilent Technologies as an investment opportunity in their third-quarter investor letter. This positive assessment may have influenced investors to buy the stock, contributing to its bullish movement.
• Overall, the bullish movement in Agilent Technologies' stock today can be attributed to positive market sentiment, anticipation of dividend payout, and recognition as an investment opportunity.

23.04.2023 - A Stock was down 3.9%

• Agilent Technologies had a strong bearish movement today, possibly due to the lack of positive news and upcoming earnings report.
• The target price set by analysts at $161.64 may have been too high for investors, leading to a sell-off.
• The upcoming Q2 earnings report on May 23rd may have caused uncertainty among investors, leading to a bearish market movement.
• The debt ceiling negotiations dominating the news cycle may have also contributed to the bearish market movement.

30.04.2024 - A Stock was down 11.3%

• Stock A saw a decline following disappointing guidance from Salesforce, which had a spillover effect on the tech sector.
• The market exhibited negative sentiment as US equity futures and bond yields fell, despite a weaker US dollar and commodities.
• Agilent Technologies' downward adjustment of its guidance further affected market confidence in the tech industry, contributing to the overall bearish sentiment.
• Poor guidance from key players like Salesforce and Agilent Technologies triggered a broader sell-off in the tech sector, impacting Stock A.