La catena delle opzioni mostra i dati chiave delle opzioni azionarie di First Republic Bank 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 First Republic Bank..

First Republic Bank (OTC:FRCB) Azioni, Catena delle Opzioni

First Republic Bank offers private banking and wealth management services to high-net-worth clients. Services are offered in the San Francisco, New York City, and Los Angeles markets. The bank was founded in 1985.

FIRST REPUBLIC BK CA by First Republic Bank (San Francisco, California)

First Republic Bank

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: 
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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>
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;
<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">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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</figure>
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.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<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

Regional banks' Q4 results show NII pressure likely to persist in 2024

ClearBridge Sustainability Leaders Strategy Q4 2023 Portfolio Manager Commentary

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Last week, I wrote how 2024 would be <a href="https://investorplace.com/2024/01/5-a-rated-stocks-buy-in-2024">all about earnings</a>. Corporate fortunes are diverging, interest rates are stabilizing, and 2024 is shaping up to be a year when company performance matters more than big-picture macroeconomic stories.



We&rsquo;re already seeing these effects. Last Wednesday, Taiwan Semiconductor Manufacturing (NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/">TSM</a>) announced that its December revenues had handily beat expectations. The news would send Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) up 2% and Advanced Micro Devices (NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>) down 2%. It turns out AI chips are booming, but consumer electronics are not.



Similar trends are emerging in everything from streaming services to uranium miners. We&rsquo;re no longer in a &ldquo;rising tide&rdquo; environment where every company moves in the same direction. And that means investors need to keep a close eye on corporate performance. 



To separate these winning firms from the laggards, InvestorPlace analyst Louis Navellier has long used earnings revisions as a key metric. Companies with rising Wall Street forecasts tend to perform better even after the forecasts have been publicly announced, while those with declining revisions tend to underperform long after the news. These insights have long been incorporated in his proven <a href="https://navelliergrowth.investorplace.com/portfolio-grader">Portfolio Grader</a> system and have helped Louis uncover the top-performing stock on the S&amp;P 500 every year for 12 years running. 



In 2023, we saw this effect play out in black and white (or red and green). An investor who bought the 10 companies with the highest upward revisions in the S&amp;P 500 would have walked away with a 25.5% gain. That included companies like chipmaker Qualcomm (NASDAQ:<a href="https://investorplace.com/stock-quotes/qcom-stock-quote/">QCOM</a>) and cruise liner Carnival (NYSE:<a href="https://investorplace.com/stock-quotes/ccl-stock-quote/">CCL</a>). The former saw its 2023 earnings growth revised from 3.3% to 19.6% in Q4 2022&hellip; and subsequently saw shares rise 35% over the following 12 months. The latter would jump 130% over the same period! 



Meanwhile, those buying the bottom-10 companies would have fared far worse. Among these firms were Mohawk Industries (NYSE:<a href="https://investorplace.com/stock-quotes/mhk-stock-quote/">MHK</a>) and United Parcel Service (NYSE:<a href="https://investorplace.com/stock-quotes/ups-stock-quote/">UPS</a>), which essentially ended the year flat. Those buying the bottom-30 firms by earnings revisions would have also landed companies like Signature Bank (OTCMKTS:<a href="https://investorplace.com/stock-quotes/sbny-stock-quote/">SBNY</a>) and First Republic Bank (OTCMKTS:<a href="https://investorplace.com/stock-quotes/frcb-stock-quote/">FRCB</a>), two now-bankrupt firms. 



<h2>How to Invest for 2024</h2>



We&rsquo;ll see even more of these divergences this year. As I wrote here last week, investors are <a href="https://investorplace.com/2024/01/5-a-rated-stocks-buy-in-2024">running out of patience with startups</a> like QuantumScape (NYSE:<a href="https://investorplace.com/stock-quotes/qs-stock-quote/">QS</a>). Competitors like BYD (NYSE:<a href="https://investorplace.com/stock-quotes/byddy-stock-quote/">BYDDY</a>) are racing ahead, and startups are finding it harder than before to raise cheap capital.



That means investors will need to keep a close eye on earnings revisions in 2024. To get you started, the writers and analysts at InvestorPlace.com, our free news site, write this week on five companies that look set to succeed in the coming year.



<h2>5 Surging Growth Stocks to Buy: Duolingo (DUOL)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/07/shutterstock_1668567226-300x169.jpg" alt="DUOL stock: A phone displaying the duolingo logo in front of a computer screen displaying the duolingo site"><div>Source: dennizn / Shutterstock</div></div>


A-rated language-learning app Duolingo (NASDAQ:<a href="https://investorplace.com/stock-quotes/duol-stock-quote/">DUOL</a>) has one of the highest upward earnings revisions in the Russell 3000 index. Over the last quarter, the Pittsburgh-based tech firm has seen its 2024 earnings estimates rise from 15 cents to 82 cents, a fivefold increase.



As Marc Guberti notes in a recent update for InvestorPlace.com, much of this has to do with Duolingo&rsquo;s <a href="https://investorplace.com/2024/01/the-3-hottest-growth-stocks-to-watch-in-2024">expansion into new services</a>, which is keeping user growth high. He notes how the app grew daily active users by 63% last quarter and has raised its full-year guidance as a result.



Josh Enomoto also notes how Duolingo has been aggressively <a href="https://investorplace.com/2024/01/duolingo-layoffs-2024-what-to-know-about-the-latest-duol-job-cuts/">using AI to reduce workforce expenses and create new content</a>. The company is now using artificial intelligence to help create work &ldquo;dramatically faster&rdquo; than before.



Of course, Duolingo isn&rsquo;t for everyone. As Guberti warns, the company&rsquo;s high growth means shares trade at a significant premium at 119 times forward earnings. But the numbers are clear: Duolingo remains a high-growth company that&rsquo;s transitioning itself from negative to positive earnings. If it continues to maintain such growth, history tells us that Duolingo has plenty of upside ahead.



<h2>2. Spotify (SPOT)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/spot1600-300x169.jpg" alt="Spotify (SPOT) logo is on the screen of a smartphone with headphones plugged in."><div>Source: Kaspars Grinvalds / Shutterstock.com</div></div>


A-rated Spotify (NASDAQ:<a href="https://investorplace.com/stock-quotes/spot-stock-quote/">SPOT</a>) gets a special mention in Louis Navellier&rsquo;s Market360 this week. The online streaming service has been accumulating new subscribers <a href="https://investorplace.com/market360/2024/01/7-a-rated-consumer-discretionary-stocks-to-buy-for-the-new-year">at an astonishing rate</a>, and earnings have been revised up as a result. During the fourth quarter, Wall Street analysts moved their fiscal year 2024 earnings estimates from 37 cents per share to $2.10 &ndash; one of the highest revisions on the market.



Here&rsquo;s more from Louis and his team:




Spotify currently has 574 million monthly average users &ndash; up 26% from a year ago. Of those, 226 million are premium users, providing Spotify with most of its revenue. In the third quarter, Spotify generated $2.91 billion from its premium members, and only $447 million through advertising directed at its free users.



The trick will be for Spotify to continue to convert free users to premium members. As it does that, the profits will continue to rise.




At InvestorPlace.com, Muslim Farooque agrees. He picks Walt Disney (NYSE:<a href="https://investorplace.com/stock-quotes/dis-stock-quote/">DIS</a>), Netflix (NASDAQ:<a href="https://investorplace.com/stock-quotes/nflx-stock-quote/">NFLX</a>), and Spotify as his top <a href="https://investorplace.com/2023/12/3-stocks-to-play-the-rise-of-the-subscription-economy/">3 Stocks to Play the Rise of the Subscription Economy</a>. 



Streaming services can only succeed if they have a critical mass of content. And as the leading firm in music and podcast streaming, Spotify likely will have the easiest time expanding its user base while monetizing existing customers.



<h2>3. GitLab (GTLB)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/06/gtlb1600-300x169.png" alt="In this photo illustration the GitLab (GTLB) logo seen displayed on a smartphone screen."><div>Source: rafapress / Shutterstock.com</div></div>


In December, at InvestorPlace.com, Yiannis Zourmpanos noted how software development and IT operations (DevOps) platform company GitLab (NASDAQ:<a href="https://investorplace.com/stock-quotes/gtlb-stock-quote/">GTLB</a>) was expanding its business with high-value customers. He believes this disruptive tech stock <a href="https://investorplace.com/2023/12/3-disruptive-tech-stocks-set-to-soar-by-2025/">is set to soar by 2025</a>:




A substantial 37% year-over-year growth, from 638 customers to 874, suggests GitLab&rsquo;s lead in attracting and retaining larger enterprises&hellip; GitLab&rsquo;s consistently high dollar-based net retention rate was 128% in Q3. This reflects the company&rsquo;s success in expanding revenue within its existing customer base.




The numbers suggest the same outcome. Over the past three months, analysts have revised their forward earnings estimates from 16 cents to 35 cents, more than doubling initial forecasts. In short, GitLab is bringing AI to software development and deployment, and renewed focus on AI-enhanced productivity tools has put the San Francisco-based firm&rsquo;s growth into high gear.



Analyst Luke Lango rightly agrees. In a <a href="https://investorplace.com/earlystageinvestor/special-reports/our-top-10-investment-themes-for-2024">special report</a> for Early Stage Investor (subscription required) he calls GitLab one of the Top 5 &ldquo;highest-quality AI software applications&rdquo; to buy for 2024, and says that shares have &ldquo;likely upside into and beyond 2025.&rdquo; Though few outside the industry have ever heard of GitLab, that matters little for a firm growing earnings at such a rapid clip.



<h2>4. SoFi (SOFI)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/ipoe-sofi-1600-300x169.jpg" alt="the Social Finance (SoFi stock) logo is displayed on a smartphone."><div>Source: rafapress / Shutterstock.com</div></div>


This week, Louis&rsquo; team also highlights SoFi Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/sofi-stock-quote/">SOFI</a>) as a company where <a href="https://investorplace.com/market360/2024/01/why-wall-street-may-soon-turn-back-to-bullish-on-sofi-stock">Wall Street May Soon Turn Back to Bullish</a>. The New Year&rsquo;s selloff has pushed SoFi&rsquo;s shares back into the $8 range, and a potentially strong earnings release due on Jan. 29 could send shares higher:




The next big event for SOFI stock is just a few weeks away. That would be the release of the company&rsquo;s Q4/full year 2023 results, post-market on Jan. 29&hellip;



Much suggests that SoFi will crush it again with results this quarter, as it did last quarter. With the student loan moratorium lifted and SoFi&rsquo;s non-student lending operations growing, the company is likely to report its first profitable quarter.




The online banking firm has seen a strong upward revision in earnings. Over the past quarter, analysts have doubled their 2024 earnings per share estimates from 3 cents to 6 cents. 2025 earnings expectations are now as high as 23 cents.



That&rsquo;s because banks (and fintechs) tend to benefit when rates are elevated, since they can earn higher risk-free interest on customer deposits. SoFi also lacks a corporate-lending business, which tend to see fewer benefits of rising rates.



Analysts expect SoFi&rsquo;s net interest income (the profits generated from this lending activity) to more than double this fiscal year to $1.3 billion, eclipsing the revenues earned from other activities.



<h2>5. DraftKings (DKNG)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/draftkings-300x169.jpg" alt="DraftKings (DKNG) logo, magnified, on its app."><div>Source: Lori Butcher/Shutterstock.com</div></div>


Finally, Faisal Humayun hones in on DraftKings (NASDAQ:<a href="https://investorplace.com/stock-quotes/dkng-stock-quote/">DKNG</a>) this week at InvestorPlace.com as a stock <a href="https://investorplace.com/2024/01/7-stocks-primed-to-explode-your-net-worth-by-2030">Primed to Explode Your Net Worth by 2030</a>. The firm has a strong business, Humayun says, and is supported by industry tailwinds:




DraftKings has surged by 183% in the last 12 months. The rally from deeply oversold levels is likely to sustain with profitability on the horizon. Further, with a big addressable market for online sports betting (OSB) and iGaming, I believe that DKNG stock will continue to create value.




Essentially, DraftKings is rising on a wave of gambling legalizations. U.S. governors are seeing how states like New York are plugging funding gaps with new gaming tax revenues. And everyone wants a piece.



Since October, analysts have revised their next-year earnings estimates for DraftKings from negative 50 cents to negative 26 cents, a 50% improvement. And 2025 figures are up even more; Wall Street now expects DraftKings to earn a positive 80 cents per share by the end of the year.



Together, the numbers suggest that DraftKings still has more room to run. Humayun expects margins to continue expanding for the <a href="https://investorplace.com/2024/01/3-stocks-that-will-surge-higher-on-margin-expansion-and-cash-flow-upside">next 12 to 24 months</a>. If that&rsquo;s the case, shares have at least another 22% upside from here.



<h2>Beating the Market</h2>



Wall Street analysts are generally quite good at their work. Many have million-dollar research budgets at their disposal, and top analysts often know corporate bosses on a personal level.



Louis and I are former Wall Streeters, and we&rsquo;ve both seen this &ldquo;old boys club&rdquo; in action. It&rsquo;s no surprise to either of us how powerful earnings revisions can be.



But Wall Street analysts also can make mistakes. In January 2023, analysts had just slashed their expectations for Facebook parent Meta Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/">META</a>). As a group, Wall Street expected Meta&rsquo;s earnings to decline 12.5% the following year.



But they were wrong. Meta would instead see a resurgence in the ad industry and the rise of generative AI. Earnings would instead rise 60% for 2023, sending shares up 145%. 2023 also saw other surprises, including resurgences in U.S. chipmaking and homebuilders. Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) and PulteGroup (NYSE:<a href="https://investorplace.com/stock-quotes/phm-stock-quote/">PHM</a>) would see similarly unexpected turnarounds. No matter how skilled analysts are, some things are exceedingly difficult to predict.



So, what if you could beat Wall Street at its own game?



To do that, Louis has teamed up with earnings season expert Landon Swan reveal a <a href="https://secure.tradesmith.com/?cid=MKT783727&amp;eid=MKT788044">revolutionary AI program with the power to predict the future earnings of more than 500 companies</a> with uncanny accuracy. <a href="https://secure.tradesmith.com/?cid=MKT783727&amp;eid=MKT788044">Full details here.</a>



On the date of publication, Thomas Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://protect-us.mimecast.com/s/qLNxCn5X66u64BEvHJ7Oly?domain=investorplace.com" target="_blank"> Publishing Guidelines</a>.
<div>Tom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung&rsquo;s Profit &amp; Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/01/5-surging-growth-stocks-to-buy-for-2024/">5 Surging Growth Stocks to Buy for 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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