La catena delle opzioni mostra i dati chiave delle opzioni azionarie di ChampionX a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per ChampionX..

ChampionX (NASDAQ:CHX) Azioni, Catena delle Opzioni

ChampionX

ChampionX provides chemical solutions and equipment for onshore and offshore oil and gas production. Its engineering expertise spans the well lifecycle, but the firm maintains a particular focus on the production phase. Key offerings include artificial lift services and drilling technologies, specializing in polycrystalline diamond cutter inserts. ChampionX was formed after Apergy acquired its chemical technologies business from Ecolab in 2020.

ChampionX Corp

Troilus Gold Corp

Detroit-based automaker General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) said on Monday that it surpassed selling its 300,000th electric vehicle in the U.S. since 2016 in October. 
What Happened: &#8220;We have more great EVs coming soon, like Cadillac's OPTIQ and ESCALADE IQ, ensuring that when you're ready to make the switch to an all-electric vehicle, you won't have to compromise,&#8221; the company said in a statement. &#8220;GM has spent decades advancing EV technology.&#8221;
GM made a battery electric car as far back as late 90s called the EV1 but the program was eventually terminated in 2001. 
Tesla Inc CEO Elon Musk said in June 2023 that if General Motors had made more EV1s, they would have been the leaders in electric vehicles today. "But they didn't, so there was need for Tesla,&#8221; <a href="https://www.benzinga.com/news/23/06/32910764/general-motors-would-have-been-ev-leaders-if-they-made-more-ev1s-says-tesla-ceo-elon-musk">he said</a>.
According to data from automotive research company Kelley Blue Book, Tesla sold 471,374 EVs in the U.S. through the end of the third quarter, exceeding GM&#8217;s EV sales across nearly 8 years.
Why It Matters: In the third quarter, GM became the second best-seller of EVs in the U.S. after Tesla after selling over 32,000 EVs, with the Chevrolet Equinox EV accounting for a majority of the deliveries.
GM had the longest EV lineup in the U.S. among major players including Tesla in the quarter with eight EV models on sale. 
"We are on track to produce and wholesale approximately 200,000 EVs this year and reach variable profit positive in Q4. Our EV momentum is growing," company CFO&nbsp;Paul A Jacobson&nbsp;<a href="https://www.benzinga.com/markets/equities/24/10/41485013/gm-accelerates-its-ev-ambitions-after-a-strong-q3-in-us-powers-it-past-ford-aims-for-200k-wholes">said </a>during the company&#8217;s third-quarter earnings call last month. 
For the third quarter, GM reported better-than-expected<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41462946/general-motors-strong-q3-earnings-impress-analysts-highlights-turnaround-and-ev-pro" target="_blank" rel="noreferrer noopener"> results</a>.
GM's quarterly adjusted earnings per share of $2.96 beat the street view of $2.43. Quarterly sales of $48.757 billion also beat the analyst consensus estimate of $44.585 billion.
The company also raised 2024 adjusted EPS guidance from $9.50 – $10.50 to $10.00 – $10.50.
Check out more of Benzinga'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/24/11/41708446/tesla-shares-slide-in-pre-market-as-sales-of-elon-musk-led-companys-made-in-china-evs-drop-in-octobe">Tesla Shares Slide In Pre-Market As Sales Of Elon Musk-Led Company&#8217;s Made-In-China EVs Drop In October</a></li>
</ul>
Photo courtesy: GM

News

Tech

TSLA

GM Crosses 300K EV Deliveries In US Since 2016, But It's Still Over 40% Lower Than Tesla's Sales In The First 9 Months Of 2024

Boeing Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) 33,000 International Association of Machinists and Aerospace Workers ratified a groundbreaking four-year contract, achieving a 43.65% compounded wage increase and a $12,000 ratification bonus. 
What Happened:&nbsp;This deal, supported by President Joe Biden and Vice President Kamala Harris&#8216; administration and facilitated by Acting U.S. Secretary of Labor Julie Su, ends a nearly two-month strike across Washington, Oregon, and California.
The contract introduces key benefits, including a 38% wage increase over four years, enhanced retirement contributions, and improved health benefits. 
IAM leaders Jon Holden and Brandon Bryant praised the agreement, calling it a major victory for the middle class and a new standard for aerospace industry workers.
Price Action: Boeing&#8217;s stock closed at $155.07 on Monday, marking a modest gain of 0.31% during regular trading hours. In after-hours trading, the stock saw an additional rise, climbing 0.63%. Year to date, however, Boeing&#8217;s stock has faced a significant decline, down 38.41%, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/41734875/palantirs-ai-gamble-pays-off-as-customer-revenue-from-single-customer-jumps-12x-in-under-8-month">Palantir&#8217;s AI Gamble Pays Off As Customer Revenue From Single Customer Jumps 12x In Under 8 Months — Alex Karp Quips: &#8216;We Should Just Go Home&#8217;</a></li>
</ul>
Image via Flickr
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Management

Markets

Boeing Workers End Seven-Week Strike By Accepting New Contract With Major Pay Increases

Capital Southwest estimates that the proceeds from the offering will be approximately $193.6 million (or approximately $222.7 million if the underwriters exercise their option to purchase additional notes in full), after deducting underwriting discounts and commissions and estimated expenses payable by Capital Southwest. Capital Southwest expects to use the net proceeds from the offering to redeem in full its 4.50% Notes due 2026, to repay a portion of the outstanding indebtedness under its senior secured revolving credit facility with ING Capital LLC, and for general corporate purposes.

CSWC

Capital Southwest Prices $200M 5.125% Convertible Notes Due 2029, Convertible At 12% Premium, Closing Expected November 8

Avista Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVA#NYSE">AVA</a>) today signed a nonbinding memorandum of understanding with North Plains Connector LLC, a wholly owned entity of Grid United,&nbsp;in the development of the North Plains Connector, an approximately 420-mile high-voltage direct-current (HVDC) transmission line to be constructed with endpoints near&nbsp;Bismarck, North Dakota&nbsp;and&nbsp;Colstrip, Montana. The parties will now work to finalize definitive agreements regarding Avista's participation, which is expected to involve a 10% ownership share of the project.
Under the terms of the memorandum of understanding, North Plains Connector LLC will continue to fund the development of North Plains Connector. Avista would invest when the project is operational.

Reported Earlier, Avista Enters North Plains Connector Project With PGE And ALLETE In 3,000 MW East-West Transmission Line

Outlook
The Company is lowering its previously provided EPS guidance for the full year. ADM now expects adjusted earnings per share2 in the range of $4.50 to $5.00 for the full year 2024, based on trends in ADM's performance to date, legislative and regulatory policy uncertainties, and ongoing headwinds from slower market demand and internal operational challenges.

Guidance

Reported Earlier, ADM Lowered Its 2024 Adj. EPS Guidance To $4.50-$5.00 (Prior $5.25-$6.25) Vs. $5.23 Est.

Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) announced it will make its open-source Llama artificial intelligence models available to U.S. government agencies working on national security and defense applications, marking a significant expansion of the <a href="https://www.benzinga.com/news/24/11/41734318/mark-zuckerbergs-nuclear-powered-ai-ambitions-at-meta-stung-by-rare-bees">technology&#8217;s authorized use cases</a>.
The social media giant is partnering with major government contractors and technology firms including Amazon.com Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Services, Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), and Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) to implement these AI models across various defense initiatives.
&#8220;As an American company, and one that owes its success in no small part to the entrepreneurial spirit and democratic values the United States upholds, Meta wants to play its part to support the safety, security and economic prosperity of America – and of its closest allies too,&#8221; said Nick Clegg, President of Global Affairs at Meta.
Several contractors have already begun implementing Llama in their operations:
<ul>
<li>Oracle is using the technology to improve aircraft maintenance by helping technicians diagnose problems more quickly</li>
<li>Scale AI is fine-tuning the model for national security missions and identifying potential vulnerabilities</li>
<li>Lockheed Martin has integrated Llama into its AI Factory for code generation and data analysis</li>
<li>Amazon Web Services and Microsoft Azure are hosting the models on secure cloud platforms for sensitive government data</li>
</ul>
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41734875/palantirs-ai-gamble-pays-off-as-customer-revenue-from-single-customer-jumps-12x-in-under-8-month">Palantir&#8217;s AI Gamble Pays Off As Customer Revenue From Single Customer Jumps 12x In Under 8 Months — Alex Karp Quips: &#8216;We Should Just Go Home&#8217;</a>
Why It Matters: Meta emphasized that making Llama available for defense applications aligns with U.S. interests in the global AI race, particularly as nations like China invest heavily in <a href="https://www.benzinga.com/top-stories/24/11/41718416/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-october-2024-where-do-tesla-nvidia-apple-d">developing their own open-source models</a>.
The company noted that large language models can support various aspects of national security, including streamlining logistics, tracking terrorist financing, and strengthening cyber defenses.
Beyond military applications, Meta highlighted broader public sector benefits, with Deloitte implementing Llama-based solutions for government agencies and nonprofits to improve public service delivery in areas such as education and energy.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41734887/cathie-woods-latest-shake-up-dumps-palantir-and-jack-dorseys-block-along-with-tesla-buys-amazon-">Cathie Wood&#8217;s Latest Shake-up: Dumps Palantir And Jack Dorsey&#8217;s Block Along With Tesla, Buys Amazon And Meta</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

AMZN

MSFT

ORCL

PLTR

Meta, Amazon, Microsoft Partner On Defense AI Initiative

PolitiFi tokens themed around Donald Trump and Kamala Harris were getting dumped ahead of the Tuesday presidential elections.
What happened: Maga, the largest Trump-inspired coin, dropped 0.5% over the last 24 hours, while Maga Hat crashed over 16% in this period, <a href="https://www.coingecko.com/en/categories/politifi">according </a>to CoinGecko.
Doland Tremp, parodying the former president's name, also tanked over 6%.&nbsp;
Meanwhile, coins mimicking Vice President Kamala Harris weren't spared either, with Kamala Horris, the largest of all Harris-themed tokens in terms of market cap, slipping 9%.&nbsp;
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 11:50 p.m. EDT)</td>
</tr>
<tr>
<td>Maga (TRUMP)</td>
<td>-0.5%</td>
<td>$3.45</td>
</tr>
<tr>
<td>Maga Hat (MAGA)</td>
<td>-16.6%</td>
<td>$0.0001772</td>
</tr>
<tr>
<td>Doland Tremp (TREMP)</td>
<td>-6.4%</td>
<td>$0.2942</td>
</tr>
<tr>
<td>Kamala Horris (KAMA)</td>
<td>-9.6%</td>
<td>$0.0123</td>
</tr>
<tr>
<td>Kumala Herris (MAWA)</td>
<td>-0.6%</td>
<td>$0.003158</td>
</tr>
</tbody>
</table>
</figure>
That said, on a weekly timeframe, KAMA was the clear winner, soaring 58% while most Trump-themed tokens bled heavily.
PolitiFi tokens have been a rage this election year. As the name suggests, these tokens incorporate political themes and campaigns into the cryptocurrency realm.&nbsp;
TRUMP, rooted in Trump's "Make America Great Again" movement, has been the biggest beneficiary, surging an astounding 1171% year-to-date. KAMA, on the other hand, has fallen 62% this year.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734728/polymarket-whale-dumps-3m-bet-on-trump-after-legendary-trader-advises-caution-recommend-ag">Polymarket Whale Dumps $3M Bet On Trump After Legendary Trader Advises Caution: &#8216;Recommend Against Leverage And Reckless Gambling&#8217;</a>
Why It Matters: These moves come as both presidential candidates gear up for the ultimate fight on Tuesday.
Betting platforms like Polymarket and Kalshi are <a href="https://polymarket.com/">leaning </a>toward a Trump win, though the GOP nominee's odds fell drastically over the weekend.
Election polls, however, painted a tighter race, with a new Emerson College election poll <a href="https://www.benzinga.com/general/politics/24/11/41728436/trump-vs-harris-2024-election-deadlocked-final-emerson-poll-shows-one-candidate-with-small-edge-">showing the two candidates</a> deadlocked at 49%.&nbsp;
A new Morning Consult poll of likely voters showed <a href="https://www.benzinga.com/general/politics/24/11/41733">Harris maintaining a slender two-point lead</a> over Trump.
Photo Courtesy: Shutterstock.com
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41735471/coinbase-ceo-brian-armstrong-criticizes-regulatory-overreach-nothing-to-capture-in-small-g">Coinbase CEO Brian Armstrong Criticizes Regulatory Overreach: &#8216;Nothing To Capture In Small Government&#8217;</a></li>
</ul>

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

Cryptocurrency

Politics

Trump, Harris-Inspired Cryptos Crack Ahead Of Election Day—Coin Parodying Vice President Still Up Over 50% This Week

On Monday, Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) unveiled its <a href="https://www.benzinga.com/news/earnings/24/11/41730179/palantir-q3-earnings-revenue-beat-eps-beat-customers-up-39-raises-guidance-results-driven-by-unrele">third-quarter financial results</a>, underscoring its distinctive strategy of maximizing AI models, a move that sets it apart in the AI race.
What Happened: During the company earnings call, Palantir&#8217;s chief revenue and legal officer,&nbsp;Ryan Taylor, shed light on the company&#8217;s unique AI strategy.
He pointed out that while most investments are geared towards enhancing AI models, Palantir&#8217;s approach is to maximize these models within the enterprise context.
Taylor stressed that the capability to effectively leverage these models is what distinguishes the &#8220;AI haves&#8221; from the &#8220;AI have-nots.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41678522/jim-cramer-warns-apple-stock-should-have-never-been-up-that-much-after-q3-earnings-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Warns Apple Stock Should Have &#8216;Never Been Up That Much&#8217; After Q3 Earnings Even As This Analyst Defends iPhone 16 Launch</a>
In essence, Palantir positions itself not as a model creator but as an AI application leader, enabling clients to extract real-world value from AI by leveraging rich, context-driven data and a unique infrastructure — an approach he said will become increasingly valuable in this &#8220;winner-takes-all&#8221; AI economy.
Taylor shared examples of how Palantir's strategy has benefited clients, such as a global insurance firm that reduced underwriting response times from over two weeks to just three hours.
Another example included Associated Materials, which increased its on-time delivery rates from 40% to 90%.
Palantir&#8217;s unique AI approach has also significantly influenced its bottom line, he stated. The company sealed 104 deals over $1 million last quarter, and its U.S. Commercial business continues to gain traction in both expansions and new customer acquisitions.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Palantir&#8217;s third-quarter earnings beat expectations, with total revenue up 30% year-over-year, driven by an&nbsp;&#8216;unrelenting AI demand&#8217;&nbsp;that shows no signs of slowing down.
The company&#8217;s <a href="https://www.benzinga.com/markets/equities/24/11/41734875/palantirs-ai-gamble-pays-off-as-customer-revenue-from-single-customer-jumps-12x-in-under-8-month">unique AI strategy has paid off</a>, with one equipment rental company increasing its annual recurring revenue twelvefold in less than eight months after implementing Palantir's AI platform.
Palantir&#8217;s robust performance has earned it the title of&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">&#8216;The Messi of AI&#8217;</a>&nbsp;from Wedbush analyst Dan Ives.
Despite the skeptics honing in on valuation for the past year, this was a major quarter to prove that PLTR&#8217;s partner ecosystem expansion and AIP bootcamps hit another gear," Ives said following the latest earnings report.
Last month, Palantir also <a href="https://www.benzinga.com/markets/equities/24/10/41141540/palantir-technologies-partners-with-edgescale-ai-to-operationalize-ai-in-manufacturing-and-utili">announced a strategic partnership</a> with Edgescale AI Inc. to launch Live Edge, an innovative integration of Palantir Edge AI and Edgescale AI's distributed infrastructure technology.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/large-cap/24/11/41703422/google-delivers-new-ai-features-to-maps-google-earth-waze-apps?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google Delivers New AI Features To Maps, Google Earth, Waze Apps</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

'AI Haves Vs. Have-Nots': Palantir's Ryan Taylor Outlines Company's Winning Strategy

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Fear&#8221; zone on Monday.
U.S. stocks settled lower on Monday, with the Dow Jones index falling more than 250 points as investors braced for the high-stakes presidential election.
On the economic data front, U.S. factory orders declined by 0.5% from the previous month to $584.2 billion in September compared to a revised 0.8% fall in August.
Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) shares gained more than 7% on Monday after the company reported better-than-expected third-quarter EPS and revenue.
Shares of Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) have gained around 182% year-to-date, while Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) has lost over half its value this year.
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, communication services, and financials stocks recording the biggest losses on Monday. However, energy and real estate stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 258 points to 41,794.60 on Monday. The S&amp;P 500 fell 0.28% to 5,712.69, while the Nasdaq Composite fell 0.33% to close at 18,179.98 during Monday's session.
Investors are awaiting earnings results from Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) and Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 42.9, the index remained in the &#8220;Fear&#8221; zone on Monday, versus a prior reading of 44.5.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41713185/top-4-tech-and-telecom-stocks-that-may-collapse-this-month">Top 4 Tech And Telecom Stocks That May Collapse This Month</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

Trading Ideas

INTC

NVDA

YUMC

Dow Tumbles 250 Points As Investors Brace For High-Stakes Presidential Election: Greed Index Enters 'Fear' Zone

Emerson Electric Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/news/earnings/24/08/40222134/emerson-electric-posts-strong-q3-sales-growth-updates-2024-outlook">opening bell on Tuesday, Nov. 5.</a>
Analysts expect the Saint Louis, Missouri-based company to report quarterly earnings at $1.47 per share, up from $1.29 per share in the year-ago period. Emerson Electric projects to report revenue of $4.57 billion for the quarter, compared to $4.09 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Aug. 21, Emerson announced it has made a strategic investment through its corporate venture capital arm Emerson Ventures in Symmera.
Emerson Electric shares gained 1.2% to close at $109.81 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TJX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Stephens &amp; Co. analyst Tommy Moll downgraded the stock from Overweight to Equal-Weight and cut the price target from $135 to $120 on Oct. 16. This analyst has an accuracy rate of 80%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/590b5cc4290fa700017b6a59/christopher-glynn">Oppenheimer analyst Christopher Glynn</a> maintained an Outperform rating and increased the price target from $120 to $125 on Sept. 26. This analyst has an accuracy rate of 83%.</li>
<li>Morgan Stanley analyst Chris Snyder initiated coverage on the stock with an Underweight rating and a price target of $105 on Sept. 6. This analyst has an accuracy rate of 74%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587781de5064ed0001730078/stephen-tusa">JP Morgan analyst Stephen Tusa </a>downgraded the stock from Overweight to Neutral and slashed the price target from $132 to $115 on Aug. 14. This analyst has an accuracy rate of 69%.</li>
<li>RBC Capital analyst Deane Dray maintained an Outperform rating and lowered the price target from $140 to $139 on Aug. 8. This analyst has an accuracy rate of 74%.</li>
</ul>
Considering buying EMR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="557" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19-1024x557.png" alt="" class="wp-image-629370" style="width:638px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19-1024x557.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19-768x418.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/05005151/image-19.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/news/24/11/41713185/top-4-tech-and-telecom-stocks-that-may-collapse-this-month">Top 4 Tech And Telecom Stocks That May Collapse This Month</a></li>
</ul>

Price Target

Analyst Ratings

Emerson Electric Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) to report quarterly earnings at $1.25 per share on revenue of $21.35 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Archer-Daniels-Midland shares rose 0.8% to $55.75 in after-hours trading.</li>
<li>Analysts expect Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) will post quarterly earnings at $1.41 per share on revenue of $1.9 billion. The company will release earnings before the markets open. Yum! Brands shares fell 0.5% to $132.06 in after-hours trading.</li>
<li>Lattice Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) reported in-line earnings for its third quarter on Monday. The company reported quarterly earnings of 24 cents per share, which met the analyst consensus estimate. Quarterly revenue came in at $127.091 million, compared to the analyst consensus estimate of $127.092 million. Lattice Semiconductor said it sees fourth-quarter revenue in a range of $112 million to $122 million, versus the $132.03 million estimate. Lattice Semiconductor shares tumbled 17.7% to $42.70 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is projected to report quarterly earnings at 75 cents per share on revenue of $6.45 billion. Super Micro Computer shares fell 0.3% to $25.96 in the after-hours trading session.</li>
<li>Analysts expect Cummins Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMI#NYSE">CMI</a>) to report quarterly earnings at $4.80 per share on revenue of $8.29 billion before the opening bell. Cummins shares gained 1% to $329.00 in after-hours trading.</li>
</ul>
Check This Out:
<ul>
<li> <a href="https://www.benzinga.com/news/24/11/41713185/top-4-tech-and-telecom-stocks-that-may-collapse-this-month">Top 4 Tech And Telecom Stocks That May Collapse This Month</a></li>
</ul>
Photo courtesy: Shutterstock

LSCC

SMCI

Archer-Daniels-Midland, Yum! Brands And 3 Stocks To Watch Heading Into Tuesday

<ul>
<li>On the second day of the SK AI Summit 2024, SK Telecom introduced Aster(A&#x2A;), an AI-driven personal assistant designed for global users</li>
<li>Aster is designed as an 'Agentic AI,' which goes beyond answering simple queries by understanding user intentions to set goals and complete tasks</li>
<li>SK Telecom plans to collaborate with global search providers, LLM developers, and third-party applications to enhance Aster's functionalities for North American users</li>
</ul>

Reported Earlier, SK Telecom Reveals 'Aster', A Global AI Personal Agent Tailored For Global Users

David Garofalo, Chairman and CEO of Gold Royalty, commented: "The third quarter of 2024 marked an important inflection point for Gold Royalty. Our outlook continues to grow increasingly positive with the ramp up and construction of several key assets across our portfolio. We achieved record revenues, a stable expense profile, and positive net income through the first nine months of 2024 and have reiterated our full year guidance for expected Total Revenue, Land Agreement Proceeds and Interest&#x2A; of $13 to $14 million in 2024. We continue to be excited about the outlook for 2025 as well, with more cash flowing assets, strong commodity prices, and our stable cost structure expected to translate to growing revenues and cash flows next year."

GROY

Gold Royalty Reaffirms FY24 Guidance, Anticipates Total Revenue, Land Proceeds, And Interest Between $13M - $14M

Gold Royalty Q3 Adj. EPS $0.02 Up From $(0.01) YoY, Sales $2.06M Up From $797K YoY

Will Restate Previously Filed Fiscal Year 2023 Form 10-K and Subsequent Forms 10-Q
Postpones Third Quarter Conference Call
ADM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>) ("the Company") today reported preliminary financial results for the quarter ended September 30, 2024.
Preliminary&#x2A; Third Quarter 2024 Highlights
<ul>
<li>Net earnings expected to be reported at $18 million, with adjusted net earnings1 of $530 million
<ul>
<li>See below for impact of non-cash charge against GAAP earnings for the third quarter of $461 million related to our Wilmar equity investment</li>
</ul>
</li>
<li>Earnings per share1 expected to be $0.04, with adjusted earnings per share1, 2 of $1.09, both down versus the prior year period</li>
<li>Trailing four-quarter average return on invested capital (ROIC) of 6.6%, trailing four-quarter average adjusted return on invested capital (ROIC)1 of 8.8%</li>
<li>Restatement of previously filed fiscal year 2023 Form 10-K and subsequent Forms 10-Q not expected to materially impact results on a consolidated basis</li>
</ul>
In regards to cash flows, our year to date cash flows from operating activities are expected to be $2.468 billion, with cash flows from operations before working capital1 of $2.341 billion, as compared to cash flows from operating activities of $1.891 billion and cash flows from operations before working capital1 of $3.804 billion for the corresponding prior-year YTD period.

ADM Preliminary Q3 2024 Results: Expects Adjusted EPS Of $1.09 (Vs. $1.25 Estimate), YTD Operating Cash Flow Expected To Be $2.47B; Postpones Q3 2024 Webcast

Brian Armstrong, CEO of Coinbase, criticized the government&#8217;s overreach and lack of transparency amid the ongoing tussle between the cryptocurrency industry and regulatory bodies.
What Happened: On Monday, Armstrong raised concerns about the &#8220;political capture&#8221; of government agencies, which emboldens them to make decisions on matters beyond their jurisdiction.
&#8220;This is part of the problem with big government &#8211; it tends to get captured politically and start painting outside the bounds of the law,&#8221; Coinbase&#8217;s top executive said. &#8220;If you have small government, there is nothing to capture.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is part of the problem with big government &#8211; it tends to get captured politically and start painting outside the bounds of the law If you have small government, there is nothing to capture. <a href="https://t.co/ceqXP0i1Hy">https://t.co/ceqXP0i1Hy</a>
&mdash; Brian Armstrong (@brian_armstrong) <a href="https://twitter.com/brian_armstrong/status/1853531880865362163?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
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The critical remark came in response to Coinbase&#8217;s legal head Paul Grewal&#8217;s claims about the Federal Deposit Insurance Corporation (FDIC) instructing banks to halt or refrain from offering cryptocurrency-banking services.
&#8220;So far we&#8217;ve uncovered more than 20 examples of the FDIC telling banks to "pause" or "refrain from providing" or "not proceed" with offering crypto-banking services. The public deserves transparency, not an agency that's working behind a bureaucratic curtain,&#8221; Grewal wrote in an X post.
The FDIC didn&#8217;t immediately return Benzinga&#8217;s request for comment.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734728/polymarket-whale-dumps-3m-bet-on-trump-after-legendary-trader-advises-caution-recommend-ag">Polymarket Whale Dumps $3M Bet On Trump After Legendary Trader Advises Caution: &#8216;Recommend Against Leverage And Reckless Gambling&#8217;</a>
Why It Matters: Armstrong&#8217;s comments come in the wake of Coinbase&#8217;s ongoing legal battle with the SEC and the FDIC. The cryptocurrency behemoth <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39526310/coinbase-sues-sec-and-fdic-over-alleged-attempts-to-stifle-crypto-industry">sued these agencies</a> over attempts to hinder the industry&#8217;s access to the banking sector and failing to comply with Freedom of Information Act requests.
Armstrong has previously <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41602107/coinbase-ceo-brian-armstrong-says-next-sec-chair-should-apologize-for-the-damage-done-to-t">criticized the SEC</a> for its inconsistent positions on matters such as whether digital assets qualify as securities and if the SEC has the authority to regulate cryptocurrency exchanges. He said that the SEC&#8217;s approach has caused confusion and undermined trust in regulatory clarity for digital assets.
Coinbase is the largest cryptocurrency exchange in the U.S., allowing trading for coins such as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and many more. The platform facilitated trades worth over $2 billion over the last 24 hours, <a href="https://www.coingecko.com/en/exchanges">according </a>to CoinGecko.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41734897/elon-musks-doge-department-mention-gives-dogecoin-boost-to-top-of-daily-gainers-memecoin-s">Elon Musk&#8217;s &#8216;DOGE&#8217; Department Mention Gives Dogecoin Boost To Top Of Daily Gainers: Memecoin Spikes 6%</a></li>
</ul>

$BTC

$ETH

COIN

Coinbase CEO Brian Armstrong Criticizes Regulatory Overreach: 'Nothing To Capture In Small Government'

Macro Economic Events

Econ #s

Economics

Reported Earlier, U.K. BRC Retail Sales Monitor (YoY) For October 0.3% Vs. 1.4% Est.; 1.7% Prior

Reported Earlier, China Caixin Services Purchasing Managers Index For October 52.0 Vs. 50.5 Est.; 50.3 Prior

Reported Earlier, Australia Interest Rate Decision For November Unchanged At 4.35%

Popular podcast host Joe Rogan has endorsed Republican nominee Donald Trump for president. His endorsement came after the latest episode of the Joe Rogan Experience, which featured Elon Musk, was made public.
What Happened: On Monday, while releasing his latest podcast on YouTube and X, formerly Twitter, Rogan announced his support for Trump, saying that the Tesla CEO &#8220;makes the most compelling case&#8221; for the former President.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The great and powerful <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a>. If it wasn&#39;t for him we&#39;d be fucked. He makes what I think is the most compelling case for Trump you&#39;ll hear, and I agree with him every step of the way. For the record, yes, that&#39;s an endorsement of Trump. Enjoy the podcast <a href="https://t.co/LdBxZFVsLN">pic.twitter.com/LdBxZFVsLN</a>
&mdash; Joe Rogan (@joerogan) <a href="https://twitter.com/joerogan/status/1853614670764015762?ref_src=twsrc%5Etfw">November 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/news/24/11/41733346/obamas-former-campaign-manager-alarmed-by-early-voting-numbers-as-harris-trump-fight-close-battle-re?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Obama&#8217;s Former Campaign Manager Alarmed By Early Voting Numbers As Harris-Trump Fight Close Battle: &#8216;Republicans Didn&#8217;t Do What They Did Last Time&#8217;</a>
The podcast featuring Musk delved into multiple subjects, including the mental benefits of <a href="https://www.benzinga.com/general/gaming/24/05/38635599/level-up-with-elon-tesla-ceo-musk-reveals-his-top-video-game-picks-with-great-storylines">video games</a>, with the tech mogul suggesting that gaming skills could be indicative of surgical proficiency.
The iconic duo also discussed diet and cognitive health, dismissing the notion that reducing meat consumption significantly impacts climate change.
Free speech and censorship on social media were also discussed, with Rogan thanking Musk <a href="https://www.benzinga.com/news/23/04/31810229/elon-musk-bought-twitter-1-year-ago-a-look-back-at-whats-happened-since-and-what-could-be-next">for buying Twitter</a> and criticizing the platform&#8217;s decision to de-platform Trump. Musk called the decision &#8220;insane.&#8221;
The conversation also touched on government control, misinformation, government overreach, and the vaccine debate. Musk compared the pharmaceutical industry and the FDA to the tobacco industry.
Musk also accused the Department of Justice of going after his company, SpaceX, for <a href="https://www.benzinga.com/23/08/34060586/elon-musk-calls-out-dojs-double-standards-following-federal-agencys-spacex-lawsuit-over-immigrant-hi">not hiring immigrants</a>, even though it's illegal for them to hire non-permanent residents. &#8220;We're damned if we do, damned if we don't.&#8221;
Why It Matters: The 2024 U.S. presidential election is scheduled for Nov. 5 2024 where Democratic nominee Kamala Harris will face off against Republican candidate Trump.
Harris had a slight lead over Trump in the <a href="https://www.benzinga.com/general/politics/24/11/41733277/harris-vs-trump-vice-president-has-two-point-lead-in-final-election-poll-swing-states-remain-clo">final Morning Consult poll</a> before the 2024 presidential election. However, her odds in prediction markets and betting odds have trailed the former president by a wide margin.
The final Emerson poll predicted a<a href="https://www.benzinga.com/general/politics/24/11/41728436/trump-vs-harris-2024-election-deadlocked-final-emerson-poll-shows-one-candidate-with-small-edge-"> close head-to-head matchup</a>, contradicting the commanding victory for Trump forecasted by prediction markets and sportsbooks.
On the final day before the election, Trump regained his advantage over Harris in online prediction markets. However, data analysts from FiveThirtyEight and Nate Silver suggested <a href="https://www.benzinga.com/general/politics/24/11/41730670/prediction-markets-swing-back-to-trump-but-data-analysts-say-its-too-close-to-call">that the race was too close to call</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41701283/trump-praises-his-beautiful-white-skin-after-criticizing-harris?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Praises His &#8216;Beautiful White Skin&#8217; After Criticizing Harris</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Joe Rogan Endorses Trump As Elon Musk Presents 'Compelling Case' For Ex-President: Here's What The Duo Discussed

Warning: CHX is at high risk of performing badly

As supply disruptions and market shifts could potentially lead to an increase in oil prices, it's worth considering investments in stable energy stocks Energy Transfer LP (ET), ChampionX Corporation (CHX), and Secure Energy Services (SECYF). These companies are showing good growth momentum in the current landscape. Read on… Oil prices might see growth owing to supply disruptions and changing market dynamics. To capitalize on this trend, one could watch out for shares of solid energy stocks Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>), ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>), and Secure Energy Services Inc. (<a href="https://stocknews.com/stock/SECYF/">SECYF</a>), which are currently showing upward growth momentum.
After experiencing a prolonged downturn, analyst Giovanni Staunovo from UBS suggests that the decline in U.S. crude oil prices could be attributed to traders' skepticism regarding OPEC's capacity to sustain production cuts amid reduced price thresholds.
However, U.S. crude oil prices experienced a slight increase after Hurricane Francine <a href="https://www.cnbc.com/2024/09/12/crude-oil-prices-today.html?msockid=3d25e60d37586a5a314ff2f5360a6b24">disrupted oil production</a> in the Gulf of Mexico before making landfall in Louisiana. The Bureau of Safety and Environmental Enforcement reports that more than 730,000 barrels per day of Gulf oil production are currently shut-in.
UBS now forecasts that oil prices will rise in the short term, with Brent crude expected to exceed $80 per barrel in the coming months.
On another note, the International Energy Agency (IEA) has adjusted its global oil demand growth forecast for 2024 to <a href="https://www.iea.org/reports/oil-market-report-september-2024">900,000 barrels per day</a>, down from 2.1 million barrels per day. This reduction is attributed to a significant slowdown in Chinese oil consumption, which is anticipated to grow by only 180,000 barrels per day this year.
But despite the IEA's downward revision, OPEC <a href="https://oilprice.com/Energy/Crude-Oil/IEA-Slashes-Oil-Demand-Growth-Forecast.html">remains more optimistic</a> about Chinese and global oil consumption growth for the year. OPEC's outlook suggests continued confidence in the resilience of oil demand despite broader economic uncertainties and shifts towards alternative fuels.
Considering these trends, let's examine the fundamentals of three energy stocks that continue to show upward momentum, starting with #3.
Stock #3: Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET owns and manages a diversified portfolio of energy assets, including over 130,000 miles of pipelines and associated infrastructure. Its primary operations involve natural gas midstream services, intrastate and interstate transportation and storage of natural gas, crude oil, natural gas liquids, refined product transportation, and terminalling.
On July 16, ET and Sunoco <a href="https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-and-sunoco-announce-strategic-permian-basin">announced a joint venture</a> to merge their Permian Basin crude oil and water gathering assets, with ET holding a 67.5% stake and serving as the operator.
The venture, managing over 5,000 miles of pipelines and 11 million barrels of storage capacity, would enhance ET's infrastructure and expand its market reach, driving growth and operational efficiency.
On July 15, ET <a href="https://ir.energytransfer.com/news-releases/news-release-details/energy-transfer-completes-acquisition-wtg-midstream">completed its $2.28 billion acquisition</a> of WTG Midstream, adding 6,000 miles of gas-gathering pipelines and eight processing plants to its Permian Basin network. The acquisition is set to boost ET's distributable cash flow per unit starting in 2025, further fueling its growth and strengthening its competitive position in the energy sector.
ET's revenues for the fiscal 2024 second quarter that ended June 30, 2024, rose 13.1% year-over-year to $20.73 billion. Its operating income grew 25.2% from the year-ago value to $2.30 billion. Plus, the company's adjusted EBITDA rose 20.4% from the year-ago value to $3.76 billion.
Additionally, ET's <a href="https://www.investopedia.com/terms/n/netincome.asp">net income</a> came in at $1.99 billion, up 61.6% from the prior year's quarter. Meanwhile, its net income per common unit increased 40% year-over-year to $0.35.
Street expects ET's revenue for the fiscal third quarter ending September 2024 to increase 13.2% year-over-year to $23.47 billion. Likewise, the company's EPS for the ongoing quarter is expected to grow 120.3% from the prior year's period to $0.33.
Shares of ET have surged 7.4% over the past six months and 18% over the past year to close the last trading session at $16.10. In addition, ET is trading above its 50-day and 200-day moving averages of $16.07 and $15.21, respectively.
ET's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its positive outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
ET has an A grade in Growth and a B for Value, Momentum, and Stability. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry, it is ranked #2 out of 80 stocks.
To see the other ET ratings for Sentiment and Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
Stock #2: ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>)
CHX provides chemistry solutions, artificial lift systems, and engineered equipment for oil and gas drilling. The company's segments consist of Production Chemical Technologies; Production &amp; Automation Technologies; Drilling Technologies; and Reservoir Chemical Technologies.
On April 2, CHX announced a definitive agreement with Schlumberger Limited (<a href="https://stocknews.com/stock/SLB/">SLB</a>), a global energy innovation leader, to be <a href="https://investors.championx.com/news-releases/news-release-details/slb-announces-agreement-acquire-championx-all-stock-transaction">acquired in an all-stock transaction</a>. CHX shareholders will receive 0.735 shares of SLB common stock for each CHX share. Becoming part of SLB would enhance CHX's portfolio, providing the resources and reach to lead in delivering energy sustainably.
On July 9, CHX acquired RMSpumptools Limited, a designer of advanced mechanical and electrical solutions for artificial lift applications. This strategic acquisition allows CHX to <a href="https://investors.championx.com/news-releases/news-release-details/championx-acquires-rmspumptools-expanding-global-presence">create more value for customers</a> and expand into international markets, including the Middle East, Latin America, and global offshore projects.
For the fiscal 2024 second quarter that ended on June 30, CHX's revenue came in at $893.27 million. Its gross profit amounted to $279.85 million. Moreover, the company's net income attributable to CHX came in at $52.57 million or $0.27 per share. As of June 30, 2024, CHX's cash and cash equivalents stood at $393.30 million, up from $288.56 on December 31, 2023.
For the fiscal third quarter ending September 2024, CHX's revenue is expected to increase 5.6% year-over-year to $992.61 million. Its EPS for the ongoing quarter is expected to be $0.51, increasing 24.5% from the previous year's period.
CHX has gained 1.6% over the past nine months to close the last training session at $28.86.
CHX's solid fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
CHX has a B grade for Quality, Growth, and Momentum. It is ranked #11 out of 50 stocks in the <a href="https://stocknews.com/category/energy-services/">Energy – Services</a> industry.
In addition to the POWR Ratings we've stated above, we also have CHX ratings for Value, Sentiment, and Stability. Get all CHX ratings <a href="https://stocknews.com/stock/CHX/">here</a>.
Stock #1: Secure Energy Services Inc. (<a href="https://stocknews.com/stock/SECYF/">SECYF</a>)
Headquartered in Calgary, Canada, SECYF specializes in waste management and energy infrastructure. The company's segments include Environmental Waste Management; Energy Infrastructure; and Oilfield Services.
During the second quarter that ended June 30, 2024, SECYF's total revenue rose 43.2% year-over-year to CAD 2.55 billion ($1.88 billion), of which its Oil purchase and resale revenue increased 55% from the year-ago value to CAD 2.22 billion ($1.63 billion).
Moreover, the company's net income came in at CAD 32 million ($23.56 million) and CAD 0.12 per share for the quarter, respectively. In addition, the company's discretionary free cash flow grew 26.2% from the year-ago value to CAD 53 million ($39.02 million).
Building on its strong performance in the first half of 2024, the success of SECYF's organic growth investments, and the added Adjusted EBITDA from its metal recycling acquisition, the company has increased its full-year 2024 Adjusted EBITDA guidance to <a href="https://secure-energy.mediaroom.com/2024-07-30-SECURE-ANNOUNCES-2024-SECOND-QUARTER-RESULTS?printable=1">$470 - $490 million</a>, up from the previously stated $450 - $465 million.
Shares of SECYF have surged 33.9% over the past nine months and 43.2% over the past year to close the last trading session at $8.42. Moreover, the stock is trading above its 200-day moving average of $8.07.
SECYF's strong fundamentals are mirrored in its POWR ratings. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
SECYF has an A grade for Value. In addition, it has a B grade for Growth and Momentum. Within the Energy – Oil &amp; Gas industry, SECYF has topped among the 80 stocks.
<a href="https://stocknews.com/stock/SECYF/">Click here</a> to access additional ratings of SECYF for Sentiment, Stability, and Quality.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
ET shares were trading at $16.16 per share on Friday morning, up $0.16 (+1.00%). Year-to-date, ET has gained 24.58%, versus a 18.99% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/et-chx-secyf-slb-3-high-momentum-energy-stocks-to-watch-in-2024/>3 High-Momentum Energy Stocks to Watch in 2024</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 High-Momentum Energy Stocks to Watch in 2024

American Century Small Cap Value Fund Q2 2024 Commentary

To promote energy security and meet the high demand for oil and gas worldwide, the oilfield services sector benefits from its critical role in drilling, assessment, production, and maintenance. Hence, investing in oilfield service stocks ChampionX Corp (CHX), DNOW Inc. (DNOW), and MRC Global (MRC) might be a lucrative option for investors. Continue reading… The oilfield service sector is becoming an attractive investment option as demand resurges, driven by increasing oil prices and geopolitical tensions worldwide. Growth in deepwater projects and increased drilling activity are the drivers behind this expansion, supported by operations across various global regions.
Amid this backdrop, investors looking to invest in this industry might consider fundamentally sound oilfield services stocks like ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>), DNOW Inc. (<a href="https://stocknews.com/stock/DNOW/">DNOW</a>), and MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>), poised for potential growth.
According to the OPEC World Oil Outlook (WOO), the energy demand is anticipated to <a href="https://www.opec.org/opec_web/en/press_room/7377.htm">increase by 24%</a>, and oil consumption is poised to reach 120.1 million barrels/day by the year 2050. With that, the global oilfield services market is projected to reach $481.82 billion by 2032, exhibiting a <a href="https://www.fortunebusinessinsights.com/industry-reports/oilfield-service-market-100174">CAGR of 6.7%</a>.
Recently, actions by the Biden administration, including the partial relaxation of drilling restrictions and the sale of new drilling rights on federal lands, have provided additional momentum for the industry. Moreover, technological advancements are steering the oilfield services sector toward more efficient and environmentally friendly drilling practices, enhancing operational performance and sustainability.
With that in mind, let's look at the fundamentals of the above-mentioned <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> picks in detail:
Stock #3: ChampionX Corporation (<a href="https://stocknews.com/stock/CHX/">CHX</a>)
CHX provides chemistry solutions, artificial lift systems, engineered equipment, and technologies worldwide to oil and gas companies. It operates through four segments: Production Chemical Technologies; Production &amp; Automation Technologies; Drilling Technologies; and Reservoir Chemical Technologies. 
On August 16, CHX declared a quarterly <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> of $0.095 per share on the company's common stock, payable to its shareholders on October 25, 2024. Its four-year average yield is 0.58%, while its annual dividend of $0.38 translates to a 1.22% yield on the current prices.
On July 9, CHX acquired RMSpumptools Limited, a designer and manufacturer of advanced mechanical and electrical solutions for complex artificial lift applications. This acquisition enhances CHX's portfolio, enabling it to expand its opportunities in international markets, including the Middle East, Latin America, and global offshore projects, while ensuring high customer service.
In terms of forward EV/Sales, CHX is trading at 1.67x, 15.5% lower than the industry average of 1.97x.
For the six-month period that ended on June 30, 2024, CHX's total revenue stood at $1.82 billion, while the company's Reservoir Chemical Technologies segment reported revenue of $51.83 million, indicating a 4.4% growth from the prior-year period. Its gross profit increased 2.4% year-over-year to $579.05 million. CHX's attributable net income came in at $165.49 million, up 3.9% year-over-year, while its earnings per share grew 7.6% from the year-ago value to $0.85.
Street expects revenue for the fiscal third quarter (ended September 2024) to increase 4.7% year-over-year to $983.54 million. Its EPS for the same period is expected to register a 24.9% growth from the prior year, settling at $0.51.
The stock has gained 6.2% over the past nine months to close the last trading session at $31.03.
CHX's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CHX has a B grade for Growth, Momentum, and Quality. It is ranked #11 out of 50 stocks in the <a href="https://stocknews.com/category/energy-services/">Energy - Services</a> industry. <a href="https://stocknews.com/stock/CHX/">Click here</a> to see the additional ratings for CHX (Value, Stability, and Sentiment).
Stock #2: DNOW Inc. (<a href="https://stocknews.com/stock/DNOW/">DNOW</a>)
DNOW is a global supplier of downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and customer on-site locations. Its offerings include consumable maintenance, repair and operating (MRO) supplies, pipe, manual and automated valves, fittings, flanges, gaskets, fasteners, electrical, instrumentation, artificial lift, etc.
In March, DNOW acquired Whitco Supply, LLC, strengthening its position in midstream, exploration and production, and related markets central to its growth strategy. This acquisition is expected to boost DNOW's earnings and free cash flow, aligning with its commitment to enhance long-term value for shareholders.
In terms of forward GAAP P/E, DNOW is trading at 14.51x, which is 28.3% lower than the industry average of 20.23x. The stock's forward EV/Sales ratio of 0.51x is 73.4% below the industry average of 1.91x. Also, its forward EV/EBITDA multiple of 7.22 compares to the industry average of 11.82x.
In the fiscal second quarter that ended on June 30, 2024, DNOW's revenue increased 6.6% year-over-year to $633 million. Its EBITDA, excluding other costs, rose 6.4% from the year-ago value to $50 million. The company's non-GAAP net income came in at $28 million, up 3.7% year-over-year, and its non-GAAP EPS remained flat year-over-year at $0.25.
Analysts expect DNOW's revenue and EPS for the current year (ending December 2024) to be $2.39 billion and $0.87, respectively. For the fiscal year 2025, its revenue and EPS are expected to grow by 1.8% and 2.6% from the prior year to $2.43 billion and $0.89, respectively.
DNOW shares have surged 11.5% over the past nine months to close the last trading session at $12.62.
DNOW's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Value and Quality. Within the same industry, it is ranked #9. <a href="https://stocknews.com/stock/DNOW/">Click here</a> to see DNOW's ratings for Growth, Momentum, Stability, and Sentiment.
Stock #1: MRC Global Inc. (<a href="https://stocknews.com/stock/MRC/">MRC</a>)
MRC is a global distributor of pipes, valves, fittings, and other infrastructure products and services to diversified energy, industrial, and gas utility end markets. It provides supply chain solutions, technical product services, and a digital platform to its customers in the United States, Canada, and internationally.
On June 13, MRC announced an agreement with ExxonMobil in North America to be the primary provider of pipe, valves and fitting (PVF) products and services. This agreement allows MRC to maintain, repair, operate, and perform project work across ExxonMobil's upstream and downstream facilities.
In terms of forward non-GAAP P/E, MRC is trading at 14.50x, 28.3% lower than the industry average of 20.23x. Likewise, the stock's forward EV/Sales and Price/Sales multiples of 0.54 and 0.34 are 71.5% and 77.3% lower than their respective industry averages of 1.91 and 1.48.
MRC's sales for the second quarter (ended June 30, 2024) came in at $832 million. It reported an adjusted EBITDA of $65 million, indicating a 3.2% growth from the prior year's quarter. Also, the company's adjusted attributable net income for the quarter amounted to $27 million or $0.31 per share, reflecting an increase of 22.7% and 19.2%, respectively, from the same period last year.
Analysts expect MRC's revenue and EPS for the current year (ending December 2024) to be $3.22 billion and $0.88, respectively. For the fiscal year 2025, its revenue is expected to increase by 4.3% year-over-year to $3.36 billion, while its EPS is forecasted to settle at $1.15, indicating a 31.7% improvement over the prior year.
Over the past year, the stock has surged 23.8%, closing the last trading session at $12.69.
It's no surprise that MRC has an overall rating of B, equating to a Buy in our POWR Ratings system. It has an A grade for Value and a B for Sentiment. Out of 50 stocks in the same industry, MRC is ranked #3.
Beyond what is stated above, we've also rated MRC for Growth, Momentum, Stability, and Quality. Get all MRC ratings <a href="https://stocknews.com/stock/MRC/">here</a>.
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CHX shares were trading at $31.14 per share on Wednesday afternoon, up $0.11 (+0.35%). Year-to-date, CHX has gained 7.49%, versus a 20.64% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/chx-dnow-mrc-3-oilfield-service-stocks-to-buy-as-drilling-demand-soars/>3 Oilfield Service Stocks to Buy as Drilling Demand Soars</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Oilfield Service Stocks to Buy as Drilling Demand Soars

ChampionX Non-GAAP EPS of $0.44 misses by $0.07, revenue of $906.53M misses by $46.57M

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ChampionX reports Q3 adjusted EPS 44c, consensus 46c

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AEMB

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PLAY

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