CheckMan Stock Market Overview

The Zacks Chemicals Diversified industry is expected to benefit from an uptick in demand across major end-use markets and the moderation of de-stocking activities. EMN, AVNT, IOSP and KRO are set to gain from strategic actions and demand recovery.

Arch Resources (ARCH) came out with quarterly earnings of $2.98 per share, beating the Zacks Consensus Estimate of $2.79 per share. This compares to earnings of $10.02 per share a year ago.

Garrett Motion (GTX) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.13 per share a year ago.

Visteon (VC) came out with quarterly earnings of $1.61 per share, missing the Zacks Consensus Estimate of $1.75 per share. This compares to earnings of $1.25 per share a year ago.

First Foundation (FFWM) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.15 per share a year ago.

Investment firm Shareholder Capital sent a letter to drugmaker Vanda Pharmaceuticals' board on Thursday asking it to reconsider Future Pak's takeover offer.

Meta Platforms' weak revenue guidance hit the stock and the broader tech sector badly. But strong long-term future of the tech sector, likely Fed rate cuts from late-2024 are tailwinds for the space.

Reliance (RS) came out with quarterly earnings of $5.30 per share, missing the Zacks Consensus Estimate of $5.51 per share. This compares to earnings of $6.37 per share a year ago.

Precision Drilling (PDS) came out with quarterly earnings of $1.88 per share, missing the Zacks Consensus Estimate of $2 per share. This compares to earnings of $4.12 per share a year ago.

RPC (RES) came out with quarterly earnings of $0.13 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.39 per share a year ago.