La vendita allo scoperto per Annexon dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di Annexon. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

Annexon (NASDAQ:ANNX) Azioni, Report sulle vendite allo scoperto

Annexon

Annexon Inc is a clinical-stage biopharmaceutical company developing a pipeline of novel therapies for patients with classical complement-mediated disorders of the body, brain, and eye. Its pipeline is based on its platform technology addressing well-researched classical complement-mediated autoimmune and neurodegenerative disease processes, both of which are triggered by aberrant activation of C1q. Its pipeline of product candidates is designed to block the activity of C1q and the entire classical complement pathway in a broad set of complement-mediated diseases. Its product candidates are ANX005, for autoimmune & neurodegenerative disorders; ANX007, for neurodegenerative ophthalmic disorders; ANX1502 for Oral small molecule; and ANX009, for systemic autoimmune diseases.

Annexon Inc

Earnings

News

Global Engine Group FY24 EPS $0.021; Revenue $6.33M

Canaccord Genuity analyst Whitney Ijem maintains Alnylam Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALNY#NASDAQ">ALNY</a>) with a Buy and raises the price target from $366 to $384.

Price Target

Analyst Ratings

ALNY

Canaccord Genuity Maintains Buy on Alnylam Pharmaceuticals, Raises Price Target to $384

S&amp;W Seed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANW#NASDAQ">SANW</a>) reported quarterly losses of $(2.95) per share which missed the analyst consensus estimate of $(1.90) by 55.26 percent. This is a 2169.23 percent decrease over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $14.82 million which missed the analyst consensus estimate of $23.00 million by 35.57 percent. This is a 35.72 percent decrease over sales of $23.05 million the same period last year.

Earnings Misses

SANW

S&W Seed Q4 Adj $(2.95) Misses $(1.90) Estimate, Sales $14.82M Miss $23.00M Estimate

Friday,&nbsp;Cardinal Health Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) reported first-quarter 2025 adjusted EPS of $1.88, up 9% year over year, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $1.62</a>.
Sales decreased 4% to $52.28 billion, beating the&nbsp;consensus of $50.90 billion. Adjusted operating earnings increased 12% to&nbsp;$625 million.
First-quarter revenue for the Pharmaceutical and Specialty Solutions segment decreased by 5% to&nbsp;$48.0 billion. Excluding the customer contract expiration, revenue increased by 16%, driven by brand and specialty pharmaceutical sales growth <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41679244/cardinal-health-reports-first-quarter-fiscal-year-2025-results-and-raises-fiscal-year-2025-outlook" rel="noreferrer noopener">from existing customers</a>.
Pharmaceutical and Specialty Solutions segment profit increased 16% to&nbsp;$530 million, driven by a higher contribution from brand and specialty products, including the earlier seasonal launch of COVID-19 vaccine distribution and positive generics program performance.
The Pharmaceutical and Specialty Solutions segment distributes branded and generic pharmaceuticals, specialty drugs, and OTC products and offers services for specialty pharmaceuticals, supporting both manufacturers and healthcare providers and pharmacy management services.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40694838/opioid-settlement-drug-distributors-mckesson-cencora-cardinal-health-to-pay-300m-to-health-insurer" rel="noreferrer noopener">Opioid Settlement: Drug Distributors McKesson, Cencora, Cardinal Health To Pay $300M To Health Insurers</a>
Revenue for the Global Medical Products and Distribution segment increased 3% to&nbsp;$3.1 billion, driven by volume growth from existing customers.
Global Medical Products and Distribution (GMPD) segment profit decreased to&nbsp;$8 million, primarily due to higher manufacturing and health and welfare costs, largely offset by improved net inflationary impacts, including mitigation initiatives and growth from existing customers.
GMPD segment manufactures, sources, and distributes Cardinal Health brand medical, surgical, and laboratory products, as well as distributes medical, surgical and laboratory products known as national brand products
&#8220;We began fiscal 2025 by delivering strong operational and financial performance, led by the Pharmaceutical and Specialty Solutions segment,&#8221; said&nbsp;Jason Hollar, CEO of Cardinal Health.
&#8220;The strength and resiliency of our largest and most significant business continues to shine, giving us confidence to raise our fiscal 2025 enterprise guidance only a quarter into the year,&#8221; Hollar added.
Outlook:&nbsp;Cardinal Health has raised its fiscal year 2025 outlook for adjusted EPS to $7.75-$7.90 from <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40364087/pharma-distribution-giant-cardinal-health-lifts-2025-guidance-after-q4-earnings-beat-raises-stock-b" rel="noreferrer noopener">prior guidance of</a> $7.55-$7.70 versus consensus of $7.63.
The guidance includes an update to the company&#8217;s Pharmaceutical and Specialty Solutions segment profit outlook to 4% to 6% growth, from 1% to 3% growth.
The company also updated its Global Medical Products and Distribution segment profit outlook to&nbsp;$140 million&nbsp;to&nbsp;$175 million, from approximately&nbsp;$175 million, primarily due to the impact of higher health and welfare costs.
Additionally, the company updated expectations for its adjusted free cash flow to&nbsp;$1.0 billion&nbsp;to&nbsp;$1.5 billion, from approximately&nbsp;$1.0 billion.
Price Action: CAH stock is trading 2.97% higher at $111.74 during the premarket session at last check Friday.
Read Next:
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</ul>
Photo via Company

Large Cap

Guidance

Health Care

Movers

General

Cardinal Health Raises 2025 Profit Outlook Again, Helped By Strong Drug Distribution Business

JMP Securities analyst Jason Butler maintains argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) with a Market Outperform and raises the price target from $497 to $606.

ARGX

JMP Securities Maintains Market Outperform on argenx, Raises Price Target to $606

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) shares are trading higher after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41679046/exxonmobil-announces-third-quarter-2024-results" rel="noreferrer noopener">third-quarter&nbsp;results</a>.&nbsp;
Total revenues and other income&nbsp;stood at&nbsp;$90.016 billion, missing the consensus of&nbsp;$93.938 billion.
Net production stood at 4,582 thousand oil-equivalent barrels per&nbsp;day, an increase of&nbsp;5%&nbsp;from the previous quarter, driven by increased volumes from Pioneer assets.
Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41659147/exxon-mobil-q3-preview-will-rising-production-cost-cuts-boost-earnings" rel="noreferrer noopener">Exxon Mobil Q3 Preview: Will Rising Production, Cost Cuts Boost Earnings?</a>
Adjusted net profit came in at&nbsp;$8.61 billion, down from&nbsp;$9.24 billion in the prior quarter. Adjusted EPS stood at&nbsp;$1.92,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$1.88</a>.
Exxon&#8217;s&nbsp;capital and exploration expenditures stood at&nbsp;$7.16 billion in the&nbsp;third quarter, bringing year-to-date 2024 expenditures to&nbsp;$20 billion, in line with the <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">company&#8217;s full-year&nbsp;guidance&nbsp;of&nbsp;$28 billion.</a>
This month, ExxonMobil and HELLEniQ ENERGY completed Phase 1 of offshore Crete exploration,<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41270873/exxonmobil-helleniq-energy-jv-completes-first-exploration-phase-in-crete-eyes-next-steps" rel="noreferrer noopener"> gathering 7,789 km of seismic data</a>.
Cost Reduction: The company achieved a cumulative structural cost savings of&nbsp;$11.3&nbsp; billion versus 2019, including an additional&nbsp;$1.6 billion&nbsp;of savings during the year and&nbsp;$0.6 billion&nbsp;during the quarter.
The company plans to deliver cumulative savings totaling&nbsp;$15 billion&nbsp;through the end of 2027 versus 2019.
Dividend Boost: Exxon raised its dividend per share by 4% to $0.99 from&nbsp;$0.95 per share, payable on December 10, to shareholders of record as of November 14.
The company&#8217;s year-to-date shareholder distributions totaled $26.1 billion, comprising $12.3 billion in dividends and $13.8 billion in share repurchases.
Darren Woods, chairman and chief executive officer, said, &#8220;Our industry-leading results continue to demonstrate how our enterprise-wide transformation is improving the structural earnings power of the company.&#8221;
&#8220;In the Upstream, we&#8217;ve doubled the profitability of the barrels we produce on a constant price basis. In Product Solutions, we&#8217;ve high-graded our refining footprint and increased high-value product sales.&#8221;
Investors can gain exposure to XOM via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;SPDR Select Sector Fund – Energy Select Sector&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>).
Price Action: XOM shares are up 2.07% at $119.20 premarket at the last check Friday.
Photo: Del Henderson Jr. via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41553999/exxon-mobils-golden-pass-lng-plant-gets-3-year-extension-amid-contractor-challenges-report" target="_blank" rel="noreferrer noopener">Exxon Mobil&#8217;s Golden Pass LNG Plant Gets 3-Year Extension Amid Contractor Challenges: Report</a></li>
</ul>

Equities

DRLL

Exxon Q3 Earnings: $11.3 Billion Cost Savings, Rising Production, Dividend Hike And More

Piper Sandler analyst Crispin Love maintains Blue Owl Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) with a Overweight and raises the price target from $23 to $25.

Piper Sandler Maintains Overweight on Blue Owl Cap, Raises Price Target to $25

JMP Securities analyst Nicholas Jones maintains Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a Market Outperform and raises the price target from $265 to $285.

AMZN

JMP Securities Maintains Market Outperform on Amazon.com, Raises Price Target to $285

Piper Sandler analyst Christopher Raymond maintains Regeneron Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) with a Overweight and lowers the price target from $1242 to $1195.

REGN

Piper Sandler Maintains Overweight on Regeneron Pharmaceuticals, Lowers Price Target to $1195

Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) — the parent company of KFC, Pizza Hut, and Taco Bell — will release earnings results for its third quarter, before the <a href="https://www.benzinga.com/quote/YUMC/earnings">opening bell on Monday, Nov. 4.</a>
Analysts expect the China-based company to report quarterly earnings at 67 cents per share, up from 59 cents per share in the year-ago period. Yum China projects to report revenue of $3.05 billion for the recent quarter, compared to $2.91 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Aug. 5, Yum China reported second-quarter results yesterday. Revenue increased 1% year over year to $2.68 billion, missing the consensus of $2.77 billion.
With the recent buzz around Yum China, some investors may be eyeing potential gains from the company's dividends too. As of now, Yum China offers an annual dividend yield of 1.45%, which is a quarterly dividend amount of 16 cents per share (64 cents a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $413,531 or around 9,375 shares. For a more modest $100 per month or $1,200 per year, you would need $82,706 or around 1,875 shares.
To Calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend (64 cents in this case). So, $6,000 / $0.64 = 9,375 ($500 per month), and $1,200 / $0.64 = 1,875 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How That Works: The dividend yield is computed by dividing the annual dividend payment by the stock&#8217;s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
Price Action: Shares of Yum China fell 1.3% to close at $44.11 on Thursday.
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Read More: 
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</ul>
Image: Unsplash

Long Ideas

Markets

Trading Ideas

YUMC

How To Earn $500 A Month From Yum China Stock Ahead Of Q3 Earnings

Imperial Oil (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) reported quarterly earnings of C$2.33 per share which beat the analyst consensus estimate of C$2.00 by 16.5 percent. This is a 15.58 percent decrease over earnings of C$2.76 per share from the same period last year. The company reported quarterly sales of C$13.259 billion which missed the analyst consensus estimate of C$15.636 billion by 15.20 percent. This is a 4.75 percent decrease over sales of C$13.920 billion the same period last year.

Earnings Beats

Imperial Oil Q3 2024 GAAP EPS C$2.33 Beats C$2.00 Estimate, Sales C$13.259B Miss C$15.636B Estimate

DA Davidson analyst Linda Bolton Weiser maintains Estee Lauder Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) with a Buy and lowers the price target from $130 to $81.

DA Davidson Maintains Buy on Estee Lauder Cos, Lowers Price Target to $81

2024 Guidance The Company currently estimates net income to be within a range of $7.18 to $7.28 per diluted share and FFO to be within a range of $12.80 to $12.90 per diluted share, excluding the $0.14 per diluted share of unrealized losses in fair value adjustments of the Klépierre exchangeable bonds and publicly traded equity instruments, net for the year ending December 31, 2024.&nbsp; &nbsp;&nbsp;
The following table provides the GAAP to non-GAAP reconciliation for the expected range of estimated net income attributable to common stockholders per diluted share to FFO per diluted share:
<figure class="table"> 
<table>
<tbody>
<tr>
<td colspan="1" rowspan="1">For the year ending December 31, 2024</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">Low</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">High</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">End</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">End</td>
</tr>
<tr>
<td colspan="2" rowspan="1">Estimated net income attributable to common stockholders</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">per diluted share</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$7.18</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$7.28</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Depreciation and amortization including Simon's share</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">of unconsolidated entities</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">5.50</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">5.50</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Gain on acquisition of controlling interest, sale or</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">disposal of, or recovery on, assets and interest in</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">unconsolidated entities and impairment, net</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.02)</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">(0.02)</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Estimated FFO per diluted share</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$12.66</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$12.76</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Unrealized losses in fair value adjustments</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">of the Klépierre exchangeable bonds and</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">publicly traded equity instruments, net</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.14</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">0.14</td>
</tr>
<tr>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Estimated FFO per diluted share, excluding unrealized</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">losses in fair value adjustments of the</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">Klépierre exchangeable bonds and</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">publicly traded equity instruments, net</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$12.80</td>
<td colspan="1" rowspan="1"> &nbsp;</td>
<td colspan="1" rowspan="1">$12.90</td>
</tr>
</tbody>
</table>
</figure>
 &nbsp;

Simon Property Group Sees FY24 EPS $7.18-$7.28 Vs $7.12 Est.; FFO $12.80-$12.90

Piper Sandler analyst Thomas Champion maintains Roblox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) with a Overweight and raises the price target from $54 to $65.

RBLX

Piper Sandler Maintains Overweight on Roblox, Raises Price Target to $65

TOVX: 67% &#x7C; <a href="https://www.benzinga.com//node/41665409">Theriva Biologics shares are trading higher after the company announced it was selected as a finalist for Merck KGaA's EMEA Advance Biotech Grant.</a>
&nbsp;
TEAM: 21% &#x7C; <a href="https://www.benzinga.com//node/41680189">Atlassian shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates.</a>
&nbsp;
EOSE: 14% &#x7C; <a href="https://www.benzinga.com//node/41680096">Eos Energy Enterprises shares are trading higher after the company announced it achieved its second set of performance milestones where achieving these results enables an additional $65 million from the delayed draw term loan.</a>

EOSE

TEAM

TOVX

Market-Moving News for November 1st

U.S.-listed Chinese EV startups Nio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), and XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) reported their October delivery numbers on Friday with Li Auto topping the three by a significant margin.
Li Auto Tops The Chart: Li Auto said on Friday that it delivered 51,443 vehicles in October, marking a 27.3% jump in sales year-over-year but a 4% drop from September when it delivered nearly 54,000 vehicles.
The rise in sales, <a href="https://www.benzinga.com/news/earnings/24/10/41647868/li-auto-q3-earnings-24-topline-growth-1-million-deliveries-milestone-q4-revenue-outlook-lags-street">Li Auto said</a>, could be attributed to robust sales across its model lineup. The company also crossed the landmark of delivering over 1 million vehicles cumulatively in October. 
XPeng Mona M03 Deliveries Exceed 10k Units: XPeng&nbsp;also witnessed its deliveries rise in October but couldn't keep up with Li Auto's pace. The company delivered 23,917 vehicles last month, marking an increase of 20% year-over-year and 12% from September.
The Guangzhou-based EV startup said that the company&#8217;s deliveries of the <a href="https://www.benzinga.com/markets/equities/24/07/39618570/xpeng-debuts-mona-series-with-m03-with-official-launch-in-august-report">XPENG MONA M03 </a>hatchback coupe alone exceeded 10,000 units. 
ONVO Spurs Nio Forward: Shanghai-based Nio, meanwhile, delivered 20,976 vehicles in October, including 16,657 NIO brand vehicles and 4,319 <a href="https://www.benzinga.com/markets/equities/24/10/41195060/tesla-rival-nio-accelerates-global-expansion-to-launch-evs-in-middle-east-amid-eu-tariff-concern">ONVO brand vehicles</a>. This marks a near 1% dip from its September delivery numbers and a whopping 30.5% rise from its sales in October 2023.
Deliveries of the first ONVO vehicle &#8211; the ONVO L60 &#8211; commenced in late September, making October the first whole month of sales for the family-oriented EV brand.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202" target="_blank" rel="noreferrer noopener">Chinese EV Behemoth BYD Tops Tesla's Revenue For First Time Since 2022 In Q3</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

XPEV

Li Auto Leads The Pack, XPeng, Nio Clock Growth: Here's How October Deliveries Of Chinese EV Startups Stack Up

HSBC analyst Meredith Jensen downgrades Hyatt Hotels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) from Buy to Hold and announces $156 price target.

Downgrades

HSBC Downgrades Hyatt Hotels to Hold, Announces $156 Price Target

Michael Saylor&#8216;s declaration that &#8220;MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is the public equity play on Bitcoin maximalism&#8221; aptly defines the company&#8217;s pioneering approach in <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41585530/asias-microstrategy-metaplanet-buys-another-10-4m-in-bitcoin-exceeds-1-000-btc-holdings">corporate Bitcoin holdings</a>.
Saylor highlighted the company&#8217;s strategy in a post on X on Thursday:
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">MicroStrategy is the public equity play on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Maximalism. <a href="https://t.co/96lpcdN5Zi">pic.twitter.com/96lpcdN5Zi</a>
&mdash; Michael Saylor&#x26a1;&#xFE0F; (@saylor) <a href="https://twitter.com/saylor/status/1852116357724475532?ref_src=twsrc%5Etfw">October 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
How MicroStrategy Leverages Bitcoin: MicroStrategy has not only redefined its own treasury strategy but also set a model that other companies are now beginning to emulate.
The firm's Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-centric approach, producing returns well above the S&amp;P 500, has led to notable shifts in corporate treasury strategies worldwide.
Since MicroStrategy's pivot in 2020, the company has consistently purchased Bitcoin, achieving an annual average return of 44%, significantly higher than the S&amp;P 500&#8217;s 12% <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40776328/microstrategys-bitcoin-strategy-has-outperformed-every-s-p-500-company-and-even-nvidia-sin">during the same period</a>, Saylor told CNBC in a recent interview.
Notably, MicroStrategy's strategy yielded an 825% return, outperforming even Nvidia&#8217;s 821% rise, further showcasing the power of its Bitcoin holdings. 
The firm continues its role as a &#8220;cash cow&#8221; in the software sector while embracing Bitcoin as a primary treasury asset, according to Saylor. 
This dual model allows MicroStrategy to finance Bitcoin acquisitions through securitized instruments like convertible bonds, presenting investors with exposure to Bitcoin at a reduced volatility level.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41667204/what-coin-should-i-buy-binance-founder-changpeng-zhao-shares-anecdotes-from-4-month-prison">&#8216;What Coin Should I Buy?&#8217;—Binance Founder Changpeng Zhao Shares Anecdotes From 4-Month Prison Stint</a>
Who&#8217;s Following The MicroStrategy Apporach: The bold move has stirred interest among other companies, especially as MicroStrategy recently announced its acquisition of 25,889 BTC in Q3, valued at $1.6 billion.
The strategy brought the company's total holdings to 252,220 BTC, worth approximately $18.23 billion, positioning it as a prominent advocate for using Bitcoin as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil">hedge in uncertain economic times.</a> 
Despite the risks associated with Bitcoin's volatility, Saylor emphasized that Bitcoin "fixes the balance sheet," offering liquidity and resilience to a firm's finances. 
MicroStrategy plans to raise an additional $42 billion through equity and debt financing in the coming years to further its Bitcoin acquisitions, reinforcing its belief in Bitcoin's long-term value.
Following MicroStrategy's example, companies like Cathedra Bitcoin (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBTTF#OTC">CBTTF</a>), Metaplanet and Semler Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) have implemented similar Bitcoin-centered approaches.
Cathedra Bitcoin, listed on the TSX Venture Exchange, has transitioned its operations from mining to data management to sustainably increase its Bitcoin holdings. 
Meanwhile, Metaplanet has prioritized Bitcoin growth month-over-month, achieving a 587% stock increase this year, reflecting a shift toward maximizing Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40942247/microstrategys-bitcoin-playbook-is-becoming-a-hit-among-companies-but-theres-a-catch">reserves to enhance shareholder value.</a>
This shift, coined the &#8220;<a href="https://www.benzinga.com/startups/24/10/41434521/tesla-quietly-transfers-765-million-in-bitcoin-putting-musks-cryptocurrency-strategy-under-intense-s">maximize Bitcoin per share</a>&#8221; approach, is becoming a compelling alternative for firms seeking inflation hedges and asset stability.
For those interested in the ongoing impact of this strategy on the digital finance landscape, Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19 will be a pivotal platform to explore further, with discussions on corporate adoption and innovations in digital assets expected.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41662414/donald-trump-wishes-bitcoiners-happy-birthday-vows-to-end-kamalas-war-on-crypto-as-world-l">Donald Trump Wishes Bitcoiners &#8216;Happy Birthday&#8217;, Vows To &#8216;End Kamala&#8217;s War On Crypto&#8217; As World Liberty Financial Falls Way Short Of Fundraising Goal</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

CBTTF

MSTR

SMLR

Michael Saylor Calls MicroStrategy The 'Public Equity Play On Bitcoin Maximalism': Here's Who's Following This Approach

Dividends
Today, Simon&#39;s Board of Directors declared a quarterly common stock dividend of $2.10 for the fourth quarter of 2024. &nbsp;This is an increase of $0.20, or 10.5% year-over-year.&nbsp; The dividend will be payable on December 30, 2024 to shareholders of record on December 9, 2024.&nbsp;
Simon&#39;s Board of Directors declared the quarterly dividend on its 8 3/8% Series J Cumulative Redeemable Preferred Stock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGPRJ#NYSE">SPGPRJ</a>) of $1.046875 per share, payable on December 30, 2024 to shareholders of record on December 16, 2024.&nbsp;

Dividends

SPGPRJ

Simon Property Group Increases Quarterly Dividend From $2.05 To $2.10 Per Share

Arbor Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>) reported quarterly earnings of $0.43 per share which beat the analyst consensus estimate of $0.39 by 10.26 percent. This is a 21.82 percent decrease over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $88.81 million which beat the analyst consensus estimate of $83.92 million by 5.82 percent. This is a 17.23 percent decrease over sales of $107.29 million the same period last year.

Arbor Realty Trust Q3 2024 Adj EPS $0.43 Beats $0.39 Estimate, Sales $88.81M Beat $83.92M Estimate

Annexon Biosciences GAAP EPS of -$0.23

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Annexon (NASDAQ:<a href="https://investorplace.com/stock-quotes/annx-stock-quote/">ANNX</a>) just reported results for the second quarter of 2024.<ul><li>Annexon reported earnings per share of -23 cents. This met the analyst estimate for EPS of -23 cents.</li><li>The company did not report any revenue for the quarter.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> 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 <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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ANNX Stock Earnings: Annexon Meets EPS for Q2 2024

Needham analyst Joseph Stringer has reiterated their bullish stance on ANNX stock, giving a Buy rating on August 6. Joseph Stringer has given his B...

Annexon Biosciences: Accelerated Timelines and Financial Stability Bolster Buy Rating

Annexon files for common stock offering of up to 3M shares

TD Cowen analyst Phil Nadeau has maintained their bullish stance on ANNX stock, giving a Buy rating today. Phil Nadeau has given his Buy rating due...

Buy Rating Affirmed for Annexon Biosciences Amid Pivotal Clinical Advances and Strong Sales Forecast

Analyst Andrew Fein of H.C. Wainwright maintained a Buy rating on Annexon Biosciences (ANNX – Research Report), retaining the price target of $30.0...

Buy Rating Affirmed for Annexon Biosciences Amid Promising Clinical Trial Results

Speculative "Buy" Rating On Annexon: Evaluating The Potential Of ANX005 For GBS

Analyst Derek Archila of Wells Fargo maintained a Buy rating on Annexon Biosciences (ANNX – Research Report), retaining the price target of $14.00....

Buy Rating Affirmed for Annexon Biosciences Amidst Promising Clinical Developments and Market Potential

Wells Fargo announces its Q4 tactical ideas list and includes TSLA, LVS, ULTA, and others

The company states: "Annexon (ANNX) announced new findings from its Phase 2 ARCHER study for ANX007 in geographic atrophy due to dry age-related ma...

Annexon presents Phase 2 Vision Preservation data with ANX007 in dry AMD

ANNX

ARVN

AXSM

FICO

MYGN

TSLA

ULTA

Press Releases

Annexon Provides Update on ARCHER II Global Registrational Program in Geographic Atrophy

Annexon Reports Second Quarter 2024 Portfolio and Financial Results, and Key Anticipated Milestones

Annexon Reports Inducement Grants to New Employees Under Nasdaq Listing Rule 5635(c)(4)

Annexon Biosciences to Participate in Upcoming September Investor Conferences

Annexon Expands Senior Leadership in Commercial, Medical Affairs and Health Economics to Advance Global Late-Stage Neuroinflammatory-Targeted Portfolio

Annexon to Present Phase 2 ARCHER Data on Protection of Vision and Photoreceptors with ANX007 in GA at the Retina Society 57th Annual Meeting and 24th Euretina Congress

Annexon to Present New Phase 2 ARCHER Data for ANX007 in Dry AMD Patients with Less Advanced GA at the American Academy of Ophthalmology 2024 Meeting

Annexon Presents Phase 2 Vision Preservation Data with ANX007 in Dry AMD Patients with Less Advanced GA at the American Academy of Ophthalmology 2024 Meeting

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