Ultime notizie per Terran Orbital (NYSE:LLAP) Azioni

Terran Orbital

Terran Orbital Corp is a manufacturer of satellite products primarily serving the aerospace and defense industries. The company provide end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and on-orbit support to meet the needs of our military, civil, and commercial customers. Geographically company operates in United States and Europe. Majority of the revenue is generated from United States.

Terran Orbital Corp

Terran Orbital Corp Warrants (09/03/2028)

Fanhua announced the change of its ticker symbol from &quot;FANH&quot; to &quot;AIFU&quot;. Effective on October 23, 2024, the Company&#39;s American Depository Shares will begin trading on Nasdaq under the new ticker symbol &quot;AIFU&quot;.
The change aligns with the Company&#39;s proposed change of Company&#39;s English name from &quot;Fanhua Inc.&quot; to &quot;AIX Inc.&quot; and Chinese name from &quot;泛华控股集团&quot;to&quot;智能未来有限公司&quot;with effect from November 1, 2024, pending approval by the Company&#39;s shareholders at the extraordinary general meeting scheduled on October 31, 2024.

News

FANH

Fanhua Announces Ticker Change To "AIFU" As Part Of Upcoming Corporate Rebranding To AIX Inc.

Former President Donald Trump has reiterated his commitment to imposing tariffs on cars imported from China and Mexico, aiming to protect American automotive jobs.
What Happened: During an interview with Patrick Bet-David released on Thursday, Trump emphasized the critical role these tariffs would play in safeguarding the U.S. auto industry.
&#8220;I hope the union workers, auto workers understand that I saved their jobs,&#8221; he said.
Trump highlighted a massive car manufacturing plant in Mexico, which he described as potentially one of the largest in the world. He expressed concerns that vehicles from this plant could inundate the U.S. market, leaving little room for American-made cars.
&#8220;That would mean that our car industry is wiped out,&#8221; Trump said.
See Also: <a href="https://www.benzinga.com/news/24/10/41328039/as-elon-musk-unveils-cybercab-uber-ceo-weighs-in-on-robotaxi-competiton-from-waymo-tesla-dont-think?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">As Elon Musk Unveils Cybercab, Uber CEO Weighs In On Robotaxi Competiton From Waymo, Tesla: &#8216;Don&#8217;t Think This Is Going To Be A Winner-Take-All Marketplace&#8217;</a>
Why It Matters: In September, Trump <a href="https://www.benzinga.com/news/24/09/40913456/trump-vows-200-tariffs-on-chinese-made-cars-in-mexico-warns-of-us-auto-industry-collapse-if-kamala-h">proposed a 200% tariff</a> on vehicles produced by alleged Chinese factories in Mexico, as reported in a town hall event in Flint, Michigan. He warned that if Vice President Kamala Harris were elected, the U.S. auto industry could collapse within two to three years due to electric vehicle production shifting to China.
Additionally, during a <a href="https://www.benzinga.com/general/politics/24/10/41279272/donald-trump-pushes-tariffs-on-chinese-cars-in-detroit-visit-vows-to-revamp-industry">visit to the Detroit Economic Club</a> in October, Trump reiterated his commitment to tariffs on Chinese cars, vowing to revamp the industry. He also commented on economic indicators, although some of his statements on inflation and interest rates were inaccurate.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41369986/lucid-stock-is-tumbling-wednesday-whats-driving-the-action?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid Stock Is Tumbling Wednesday: What&#8217;s Driving The Action?</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.
Image via Wikimedia Commons

General

Trump Defends His Plans To Impose 200% Tariffs On Cars Imported From China, Mexico: 'Hope Union Workers Understand That I Saved Their Jobs'

Amid ongoing global economic recovery efforts, Kristalina Georgieva, Managing Director of the International Monetary Fund, has issued a cautionary note regarding persistent challenges such as high debt and low growth. Her remarks come as the U.S. and EU implement rate cuts to tackle inflation.
What Happened: Georgieva highlighted that despite progress, governments are increasingly reliant on borrowing, which, coupled with &#8220;anemic growth,&#8221; complicates debt management. She praised central banks for their inflation control efforts but noted uneven benefits across regions, with some still facing high prices and related unrest, CNBC <a href="https://www.cnbc.com/2024/10/17/imf-chief-warns-low-growth-and-high-debt-weigh-on-global-economy.html">reported</a> on Friday.
"It's not yet time to celebrate," she said.
"When we look into the challenges ahead of us, the biggest one is low growth, high debt. This is where we can and must do better.&#8221;
Georgieva&#8217;s comments precede the 2024 annual meetings of the IMF and World Bank Group in Washington, D.C., where global economic issues will be discussed. She also pointed out that international trade is no longer the &#8220;engine of growth&#8221; it once was, citing restrictive policies and <a href="https://www.benzinga.com/news/24/09/40914629/china-warns-eu-tariffs-on-evs-will-harm-trade-with-germany">U.S.-EU tariffs against China</a> as potential risks. Additionally, she expressed concern over geopolitical tensions, particularly in the Middle East, affecting global financial stability.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41331839/financial-sector-hits-record-highs-as-goldman-sachs-bank-of-america-citi-beat-q3-ea?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Financial Sector Hits Record Highs As Goldman Sachs, Bank of America, Citi Beat Q3 Earnings Expectations</a>
Why It Matters: Georgieva&#8217;s comment arrived a day after the European Central Bank (ECB) <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41382372/ecb-slashes-rates-again-will-jerome-powell-take-this-as-cue-for-another-fed-rate-"> cut interest rates</a> for the third time this year to stimulate a sluggish economy, shifting focus from inflation control to economic growth. This move follows the Federal Reserve&#8217;s 50 basis point rate cut in September, marking a significant policy shift as both regions tackle economic challenges.
Meanwhile, the U.S. faces a staggering debt situation, with estimates suggesting a<a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40368118/true-us-debt-is-175-trillion-former-coinbase-cto-on-unpayable-crisis"> true national debt </a>of $175 trillion when accounting for entitlements like Social Security and Medicare. This escalating debt underscores the urgency of addressing fiscal challenges.
In China, the government is reportedly considering issuing $850 billion in<a href="https://www.benzinga.com/markets/asia/24/10/41324527/as-chinas-stimulus-hype-wanes-beijing-reportedly-weighs-850b-special-treasury-bonds-to-stimulate-eco"> special treasury bonds</a> to stimulate its slowing economy and manage local debt. These developments highlight the global nature of economic challenges and the varied approaches being taken to address them.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41372368/mark-cuban-battles-former-trump-advisor-for-suggesting-a-child-could-do-american-auto-workers-job-pa?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Battles Former Trump Advisor Over Ex-President&#8217;s Comments On American Auto Workers: &#8216;He Still &nbsp;Thinks It&#8217;s 1965&#8217; (UPDATED)</a></li>
</ul>
Image via Shutterstock
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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Macro Economic Events

Global

Economics

As US Tackles Inflation With Rate Cuts, IMF MD Sounds Alarm: 'Not Yet Time To Celebrate' Amid Looming Low Growth, High Debt

The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) will release earnings results for its first quarter, before the <a href="https://www.benzinga.com/quote/PG/earnings">opening bell on Friday, Oct. 18.</a>
Analysts expect the Cincinnati, Ohio-based bank to report quarterly earnings at $1.90 per share, up from $1.83 per share in the year-ago period. Procter &amp; Gamble projects to report revenue of $21.91 billion for the recent quarter, compared to $19.78 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On July 30, Procter &amp; Gamble reported fourth-quarter FY24 sales of $20.53 billion (flat Y/Y), missing the analyst consensus estimate of $20.74 billion.
Procter &amp; Gamble shares fell 0.1% to close at $172.28 on Thursday.
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/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5890a92043eaaa0001d69b01/linda-bolton%20weiser">DA Davidson analyst Linda Bolton Weiser</a> maintained a Neutral rating with a price target of $159 on Oct. 15. This analyst has an accuracy rate of 61%.</li>
<li>Barclays analyst Lauren Lieberman downgraded the stock from Overweight to Equal-Weight with a price target of $163 on Sept. 30. This analyst has an accuracy rate of 63%.</li>
<li>JP Morgan analyst Andrea Teixeira maintained an Overweight rating and increased the price target from $179 to $186 on Sept. 19. This analyst has an accuracy rate of 61%.</li>
<li>TD Cowen analyst Robert Moskow initiated coverage on the stock with a Buy rating and a price target of $189 on July 23. This analyst has an accuracy rate of 65%.</li>
<li>Stifel analyst Mark Astrachan maintained a Hold rating and raised the price target from $157 to $161 on July 22. This analyst has an accuracy rate of 78%.</li>
</ul>
Considering buying PG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="482" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18040800/image-158-1024x482.png" alt="" class="wp-image-602127" style="width:665px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18040800/image-158-1024x482.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18040800/image-158-300x141.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18040800/image-158-768x362.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18040800/image-158.png 1365w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

Earnings

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Procter & Gamble Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Philip Morris International Inc. (PMI) has been informed by its deconsolidated Canadian affiliate, Rothmans,Benson &amp; Hedges Inc. (RBH), that the court-appointed mediator and monitor in RBH's Companies' Creditors Arrangement Act (CCAA) proceeding filed a proposed plan of compromise and arrangement (Proposed Plan) outlining certain terms of a comprehensive resolution of tobacco product-related claims and litigation in Canada against RBH and its affiliates. The court-appointed mediator and monitors also filed substantially similar proposed plans for Imperial Tobacco Canada Limited and Imperial Tobacco Company Limited (together, ITL) and JTI-Macdonald Corp. (JTIM).
Under the Proposed Plan, if ultimately approved and implemented, RBH, ITL and JTIM (the Companies) would pay an aggregate settlement amount of CAD 32.5 billion (approximately USD 23.5 billion). This amount would be funded by an upfront payment equal to the Companies' cash and cash equivalents on hand in Canada plus certain court deposits (subject to an aggregate withholding of CAD 750 million (approximately USD 540 million) for working capital inclusive of cash pledged as collateral) and annual payments based on a percentage of the Companies' net income after taxes (excluding that generated by certain non-combustible products including heat-not-burn, e-vapor and nicotine pouch products) until the aggregate settlement amount is paid. As stated in the Proposed Plan, the issue of allocation of the CAD 32.5 billion aggregate settlement as between the Companies in the CCAA proceedings remains unresolved.
"After years of mediation, we welcome this important step towards the resolution of long-pending tobacco product-related litigation in Canada," said Jacek Olczak, Chief Executive Officer of PMI. "Although important issues with the plan remain to be resolved, we are hopeful that this legal process will soon conclude, allowing RBH and its stakeholders to focus on the future."

Legal

Philip Morris, Imperial Tobacco, JTI-Macdonald Face $23.5B Settlement in Canada Tobacco Lawsuits

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cloudflare.com%2F&amp;esheet=54138023&amp;newsitemid=20241018840279&amp;lan=en-US&amp;anchor=Cloudflare%2C+Inc.&amp;index=1&amp;md5=3e1a02702fd6e8744473a752dd19c5f5">Cloudflare, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>), the leading connectivity cloud company, today announced the opening of a new headquarters and technical hub in Lisbon, Portugal to further support its growing EMEA operations and offices in London, Paris, Munich, and Dubai. Portugal already represents a growing Cloudflare team.
Today, Cloudflare's network currently spans 58 cities in Europe, including Lisbon, Portugal, which was announced in <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fblog.cloudflare.com%2Famsterdam-to-zhuzhou-cloudflare-global-network%2F&amp;esheet=54138023&amp;newsitemid=20241018840279&amp;lan=en-US&amp;anchor=2016&amp;index=2&amp;md5=89c437ed99560575fd137ba7cd354fa5">2016</a>. Cloudflare announced its first office in Lisbon in 2019. Since establishing an office in the region, the company has grown from 14 employees to more than 350 in Portugal. Cloudflare plans to significantly increase its presence in Lisbon over the coming years.
Cloudflare celebrated the official opening of its new office with a ribbon cutting ceremony, followed by a reception attended by Portugal's Minister of Economy, Mr. Pedro Reis, along with other Portuguese officials. Top Cloudflare executives were also in attendance, including Cloudflare co-founder and CEO Matthew Prince, and John Graham-Cumming, CTO &amp; Head of the Lisbon office, which he opened in July 2019.

Government

Regulations

Cloudflare Expands European Operations With New Lisbon Headquarters, Plans Major Workforce Growth

Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) will release earnings results for its third quarter, before the<a href="https://www.benzinga.com/quote/SLB/earnings"> opening bell on Friday, Oct. 18.</a>
Analysts expect the Buffalo, New York-based company to report quarterly earnings at 88 cents per share, up from 71 cents per share in the year-ago period. SLB projects to report revenue of $9.25 billion for the quarter, compared to $7.58 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Thursday, SLB agreed to sell its interests in Palliser Block.
SLB shares gained 0.7% to close at $43.99 on Thursday.
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/SLB/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/580874cb846faa000106ac9d/david-anderson">Barclays analyst David Anderson</a> maintained an Overweight rating and cut the price target from $67 to $63 on Oct. 16. This analyst has an accuracy rate of 63%.</li>
<li>Stifel analyst Stephen Gengaro maintained a Buy rating and cut the price target from $65 to $62 on Oct. 11. This analyst has an accuracy rate of 60%.</li>
<li>BMO Capital analyst Philip Jungwirth maintained an Outperform rating and cut the price target from $60 to $58 on Oct. 10. This analyst has an accuracy rate of 61%.</li>
<li>JP Morgan analyst Arun Jayaram maintained an Overweight and cut the price target from $64 to $60 on Oct. 1. This analyst has an accuracy rate of 65%.</li>
<li>Morgan Stanley analyst Connor Lynagh maintained an Overweight rating and slashed the price target from $65 to $60 on Sept. 16. This analyst has an accuracy rate of 60%.</li>
</ul>
Considering buying SLB stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="511" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18035404/image-157-1024x511.png" alt="" class="wp-image-602108" style="width:705px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18035404/image-157-1024x511.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18035404/image-157-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18035404/image-157-768x383.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/18035404/image-157.png 1338w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>

SLB Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Thursday.
U.S. stocks settled mostly higher on Thursday, with the Dow Jones index climbing to a new record close following the release of economic data.
U.S. initial jobless claims fell by 19,000 in the week ending Oct. 12. U.S. retail sales rose 0.4% month-over-month in September compared to a 0.1% increase in August and higher than market estimates of a 0.3% rise. The Philadelphia Fed Manufacturing Index climbed to 10.3 in October compared to 1.7 in September and topping market estimates of 3.
Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) shares jumped around 9.8% on Thursday following better-than-expected third-quarter earnings and strong fourth-quarter guidance
Most sectors on the S&amp;P 500 closed on a negative note, with utilities, communication services, and real estate stocks recording the biggest losses on Thursday. However, energy and information technology stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 161 points to 43,239.05 on Thursday. The S&amp;P 500 slipped 0.02% to 5,841.47, while the Nasdaq Composite rose 0.04% at 18,373.61 during Thursday's session.
Investors are awaiting earnings results from American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), and Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 71.5, the index remained in the &#8220;Greed&#8221; zone on Thursday, versus a prior reading of 69.5.
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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</ul>
Photo courtesy: Shutterstock

TSMC, Strong Economic Data Push Dow To Fresh Record High: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) to report quarterly earnings at $3.28 per share on revenue of $16.67 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. American Express shares gained 1.8% to $290.91 in after-hours trading.</li>
<li>Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reported stronger-than-expected third-quarter financial results, posting revenue of $9.825 billion, up 15% year-over-year, versus market estimates of $9.769 billion. The company ended the third quarter with 282.72 million global paid subscribers, up 14.4% year-over-year. Netflix shares climbed 5.1% to $722.35 in the after-hours trading session.</li>
<li>Analysts are expecting The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) to post quarterly earnings at $1.90 per share on revenue of $21.91 billion. The company will release earnings before the markets open. Procter &amp; Gamble shares gained 0.1% to $172.50 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) posted better-than-expected third-quarter financial results. The company also said it obtained regulatory clearance in South Korea for the da Vinci 5 surgical system in October. Intuitive Surgical shares climbed 6.1% to $502.80 in the after-hours trading session.</li>
<li>Analysts expect Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) to report quarterly earnings at 88 cents per share on revenue of $9.25 billion before the opening bell. SLB shares rose 0.4% to $44.16 in after-hours trading.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41379749/abbvie-is-doing-very-well-but-jim-cramers-favorite-abbott-laboratories">AbbVie Is Doing &#8216;Very Well&#8217; But Jim Cramer&#8217;s Favorite? Abbott Laboratories</a></li>
</ul>
Photo courtesy: Shutterstock

ISRG

NFLX

Netflix, American Express And 3 Stocks To Watch Heading Into Friday

MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) founder Michael Saylor encouraged those who doubt the upside potential of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to go short on the company's stock, assuring that it would never sell the cryptocurrency.
What happened: During an interview with journalist Madison Reidy that aired Thursday, Saylor asked skeptics to "love" MicroStrategy if they really "hate" Bitcoin.
"We&#8217;re the perfect instrument to short because I promise you, I won&#8217;t sell it. We&#8217;re going to be leveraged long on Bitcoin," said Saylor, one of the most passionate advocates of the cryptocurrency.
&#8220;I want you to love us if you really hate BTC.&#8221;
Saylor said as a company, MicroStrategy has been consistent and transparent in its policy of buying and holding on to Bitcoin, and it was up to market participants to decide if they wanted to buy, sell, or short their shares.
"When I was a younger man I would have been concerned about people shorting my stock but now I&#8217;m not," Saylor added.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41373332/donald-trump-backed-world-liberty-financial-off-to-a-slow-start-raises-just-4-of-the-token">Donald Trump-Backed World Liberty Financial Off To A Slow Start — Raises Just 4% Of The Token Fundraising Target</a>
Why It Matters: Saylor&#8217;s remarks came amid MicroStratgy&#8217;s audacious Bitcoin gambit, which has transformed the software development firm into a proxy for the world&#8217;s greatest digital asset.
MicroStrategy <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40306998/since-embracing-bitcoin-4-years-ago-michael-saylors-microstrategy-has-outperformed-warren-">adopted Bitcoin as its primary reserve asset</a> in 2020, becoming the first publicly listed company to pursue this strategy, and hasn't looked back since then. Today, it holds over $17 billion of its total capital in Bitcoin, <a href="https://bitcointreasuries.net/">according</a> to bitcointreasuries.net.
Saylor projects that by 2045, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40916462/michael-saylor-bitcoin-to-hit-13m-by-2045-will-get-us-to-a-different-place#:~:text=Michael%20Saylor%3A%20Bitcoin%20To%20Hit,To%20A%20Different%20Place'%20%2D%20Benzinga">Bitcoin will constitute 7% of global financial capital</a>, implying a $13 million price per Bitcoin.
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Price Action: At the time of writing, Bitcoin was exchanging hands at $67,931.57, up 0.98% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Shares of MicroStrategy closed down 0.35% to $193.42 during Thursday's regular trading session.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41372654/peter-schiff-questions-trump-inspired-bitcoin-pump-one-of-the-promises-he-did-not-make-was">Peter Schiff Question &#8216;Trump-Inspired&#8217; Bitcoin Pump: &#8216;One Of The Promises He Did Not Make Was To Buy Any&#8217;</a></li>
</ul>
Photo courtesy: Wikimedia

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

Cryptocurrency

$BTC

MSTR

MicroStrategy Boss Michael Saylor Taunts Bitcoin Doubters, Challenges Them To Short Company's Stock: 'I Want You To Love Us If You Really Hate BTC'

Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) subsidiary Waymo is providing riders who <a href="https://www.benzinga.com/news/24/06/39494723/waymo-autonomous-rides-now-available-to-everyone-in-san-francisco-heres-how-you-can-enjoy-driverless">avail an autonomous ride</a> to select transit stations in San Francisco and the Peninsula $3 credit in a bid to promote public transportation, the company said on Thursday.
What Happened: Waymo will credit $3 to riders&#8217; accounts if they take an autonomous ride to or from eligible Bay Area transit stations. These credits can be used for future rides.
The program started on Oct. 17 and will go on till Nov.15. The credits can be used until Dec. 31, according to a statement from Waymo. 
&#8220;By offering electric rides on demand and improving access to public transit, Waymo One is making daily travel more sustainable and convenient,&#8221; said Adam Lenz, Head of Sustainability and Environment at Waymo.
Why It Matters: Waymo currently operates a fleet of all-electric vehicles that have been customized to enable autonomous driving. The company is delivering over 100,000 paid autonomous rides every week to the public, the company said on Thursday.
Automotive research firm&nbsp;S&amp;P Global Mobility&nbsp;said in September that it deems&nbsp;<a href="https://www.benzinga.com/news/24/09/40792410/us-autonomous-vehicle-sales-to-hit-230k-by-2034-after-progress-resumes-at-alphabets-waymo-gms-cruise" target="_blank" rel="noreferrer noopener">Waymo to be the frontrunner&nbsp;</a>in the field of autonomous vehicles in the U.S.&nbsp;
&nbsp;In July, Alphabet committed&nbsp;to a new multiyear&nbsp;<a href="https://www.benzinga.com/news/24/07/39924838/alphabet-commits-to-another-5b-investment-in-waymo-tesla-ceo-elon-musk-takes-jibe-at-cash-burn-in-un" target="_blank" rel="noreferrer noopener">investment of $5 billion into Waymo</a>&nbsp;to help the company "continue to build the world's leading autonomous driving technology company."
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 More:
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<li><a href="https://www.benzinga.com/news/24/10/41324450/elon-musk-says-spacexs-next-generation-starlink-satellites-will-be-so-big-that-only-starship-can-lau" target="_blank" rel="noreferrer noopener">Elon Musk Says SpaceX&#8217;s Next-Generation Starlink Satellites Will Be ‘So Big That Only Starship Can Launch Them:&#8217; Will Offer 10X Increase In Bandwidth And Reduced Latency</a></li>
</ul>
Photo courtesy: Shutterstock

Tech

GOOG

GOOGL

Waymo Offers Free Credits To Riders Traveling To Select Transit Stations In The Bay Area: Here's How Much You Can Get

Coca-Cola Europacific Partners plc (&quot;CCEP&quot; or the &quot;Company&quot;) today confirms notification of transfer of UK listing category from the Equity Shares (Transition) category to the Equity Shares (Commercial Companies) category of the Official List

Coca-Cola European Partners plc Ordinary Shares

CCEP

Coca-Cola Europacific Partners To Shifts To Commercial Companies Category, Paving The Way For FTSE Index Eligibility

NYCB

Reported Earlier, Flagstar Bank, Subsidiary of New York Community Bancorp, Cuts 8% of Workforce In Strategic Transformation And Cost-Cutting Initiative

Lotus continues to achieve top-rate growth among traditional luxury car brands, delivering 7,543 vehicles1&nbsp;in the first nine months of 2024, representing a year-on-year increase of&nbsp;134%. Global allocation in terms of deliveries remained well-distributed, with Europe, China, North America and the Rest of the World regions each contributing about&nbsp;20-35%&nbsp;of the total deliveries. In the&nbsp;third quarter&nbsp;of 2024, Emeya (GT, Sedan) was delivered to Europe, whilst Eletre (SUV) reached markets including the GCC, Japan and Korea.

Reported Earlier, Lotus Technology Reports 134% YoY Vehicle Delivery Surge In First Nine Months Of 2024

Econ #s

U.K. Retail Sales (YoY) For September 3.9% Vs. 3.2% Est.; 2.3% (Revised) Prior

U.K. Retail Sales (MoM) For September 0.3% Vs. -0.3% Est.; 1.0% Prior

U.K. Core Retail Sales (MoM) For September 0.3% Vs. -0.3% Est.; 1.1% Prior

U.K. Core Retail Sales (YoY) For September 4.0% Vs. 3.2% Est.; 2.2% (Revised) Prior

Netflix Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) Co-CEO&nbsp;Ted Sarandos on Thursday outlined why the streaming giant continues to hold an edge over YouTube, a subsidiary of Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google.
What Happened: During Netflix&#8217;s <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">third-quarter earnings</a> call, a question about&nbsp;YouTube&#8217;s growing share of TV&nbsp;consumption was raised.
In response, Sarandos highlighted Netflix&#8217;s commitment to investing in premium content to increase viewer engagement, stating, &#8220;Netflix is the best place&nbsp;for premium stories because we&#8217;re&nbsp;the home to the best&nbsp;storytellers.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41375934/meta-confirms-layoffs-across-instagram-whatsapp-and-reality-labs-amid-strategic-reshuffle?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta Confirms Layoffs Across Instagram, WhatsApp And Reality Labs Amid Strategic Reshuffle</a>
Regarding YouTube, he said, &#8220;When I look at YouTube specifically, I&#8217;d say look, we compete directly with YouTube for people&#8217;s time, for the time they spend on that TV screen. But we have very different strengths.&#8221;
Another, Netflix Co-CEO Greg Peters added that Netflix plays a crucial role for consumers seeking high-quality movies and TV shows, and for creators looking for partners willing to share the inherent risks of bringing stories to life.
&#8220;A Hundred Years of Solitude, Senna, both coming from Latin America, which are huge, ambitious projects. It&#8217;s hard to imagine how those kind of big creative bets would be possible with YouTube&#8217;s model,&#8221; Peters stated.
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: Netflix&#8217;s third-quarter financial results showed a 15% year-over-year increase in revenue, beating Street consensus estimates.
Moreover, Netflix&#8217;s recent foray into live sports programming indicates a strategic shift from its traditional on-demand model. This move aims to capture high-impact moments and the <a href="https://www.benzinga.com/general/entertainment/24/10/41395213/netflixs-200b-hour-problem-why-live-sports-are-just-a-drop-in-the-streaming-ocean">excitement of global live events</a>, further enhancing viewer engagement.
During the <a href="https://www.benzinga.com/news/earnings/24/07/39849026/netflix-q2-earnings-highlights-revenue-beat-eps-beat-advertising-revenue-more-meaningful-squid-game" target="_blank" rel="noreferrer noopener">second-quarter earnings</a> call, Netflix executives were asked questions about YouTube.
At the time, Sarandos&nbsp;said, &#8220;So our two services — us and YouTube represent about 50% of all streaming to the TV in the U.S. and we use the U.S. only because that's where we have the data.&#8221;
&#8220;So really what we're focused on here is focusing ourselves on that other 80% of total TV time that isn't going to either us or YouTube,&#8221; he said in July.
Sarandos <a href="https://www.benzinga.com/general/entertainment/24/07/39853498/netflix-aims-to-capture-broader-tv-market-sees-youtube-as-both-competitor-and-partner-we-ki">reiterated Netflix&#8217;s commitment to focus</a> on the remaining 80% of the market during the third-quarter call too.
Check out more of Benzinga'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/24/10/41356479/apple-spark-hope-for-americas-semiconductor-comeback-key-supplier-tsmc-reportedly-begins-producing-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Spark Hope For America&#8217;s Semiconductor Comeback: Key Supplier TSMC Reportedly Begins Producing Chips In US For iPhone Maker</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Unsplash

Entertainment

Equities

Netflix's Ted Sarandos Downplays Concerns Of YouTube's Growing Share Of TV Consumption: 'We're The Home To The Best Storytellers'

Orders and deliveries
In Q3, net order intake decreased by 8% to 43,234 trucks and deliveries decreased by 16% to 46,266 units. Deliveries of heavyduty trucks decreased by 9%, of medium-duty trucks by 21% and of light-duty trucks by 61%.

VLVLY

Volvo's Q3 Saw 8% Drop In Net Order Intake To 43,234 Trucks, With Deliveries Down 16% To 46,266 Units

Stifel Nicolaus analyst Erik Rasmussen maintained a Buy rating on Terran Orbital Corp (LLAP – Research Report) today and set a price target of $7.0...

Terran Orbital Corp (LLAP) Gets a Buy from Stifel Nicolaus

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Ongoing developments in next generation launch vehicles, as well as lunar missions, together with the rising interest of the private sector in space exploration, make space explorations stocks potentially lucrative targets for investors. The rivalry between the two global superpowers is growing ever more heated, and both the United States and China are pouring money into space exploration and development, from satellites to moon landing missions. Space exploration stocks could then be potentially lucrative investments for investors who buy these stocks early.



One thing I appreciate the most about these space exploration stocks to buy is that many of them trade at very low valuation ratios. Most of the companies discussed in this list are <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> with market capitalizations that promise a hefty upside.



The risks of investing in space exploration stocks is significant. However, I feel that owning a small position in some of these stocks may improve risk-adjusted returns over the long run thanks to their promising prospects for growth.



<h2>Rocket Lab (RKLB)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/rklb1600-300x169.png" alt="Homepage of Rocket lab (RKLB). Official website of company"><div>Source: OleksandrShnuryk / Shutterstock.com</div></div>Rocket Lab (NASDAQ:<a href="https://investorplace.com/stock-quotes/rklb-stock-quote/">RKLB</a>) is one of the best space exploration stocks to buy according to my estimates. The standout figure is Rocket Lab&rsquo;s <a href="https://investors.rocketlabusa.com/news/news-details/2024/Rocket-Lab-Announces-Second-Quarter-2024-Financial-Results-Posts-Record-Revenue-on-71-Year-on-Year-Growth/default.aspx">record quarterly revenue</a> of $106 million, representing a massive 71% year-over-year increase. Unlike some other space exploration stocks that have encountered significant operational setbacks and tepid demand, RKLB stock demonstrated. CEO Peter Beck emphasized this point, stating that the results demonstrate &ldquo;the strong and growing demand for our launch services and space systems products, and importantly, our team&rsquo;s ability to execute against it.&rdquo;



Furthermore, I think that the best has yet to come for investors in RKLB stock, as the future looks accretive. Their Electron rocket remains the leading small launch vehicle globally, and it has attracted 17 new launch contracts year-to-date.



Although RKLB stock is currently unprofitable, the firm&rsquo;s gross margin stands at a healthy 30%, with the Neutron rocket being a major draw card for the firm to improve its profitability in the future.



<h2>Virgin Galactic (SPCE)&nbsp;</h2>



<a href="https://investorplace.com/wp-content/uploads/2021/07/mw-spce.png"><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2021/07/mw-spce-300x200.png" alt="A photo of a futuristic-looking silver airplane."></a>Virgin Galactic (NYSE:<a href="https://investorplace.com/stock-quotes/spce-stock-quote/">SPCE</a>) also had many positive <a href="https://investors.virgingalactic.com/news/news-details/2024/Virgin-Galactic-Announces-Second-Quarter-2024-Financial-Results-And-Provides-Business-Update/default.aspx">developments</a> to report in its second-quarter earnings for this year. A key highlight is the successful completion of<a href="https://spacenews.com/virgin-galactic-conducts-final-vss-unity-commercial-suborbital-spaceflight/"> VSS Unity&rsquo;s</a> operational phase with the &lsquo;Galactic 07&rsquo; mission. The VSS Unity was SPCE&rsquo;s space plane that made its first successful commercial flight. It recorded a per-seat revenue of $900,000, which I feel is a great sign that there&rsquo;s commercial interest in SPCE&rsquo;s future Delta-class spaceship program that is due to commence commercialization in 2026.



CEO Michael Colglazier&rsquo;s statement that &ldquo;Progress on our Delta Class spaceship program was substantial in Q2, with the pace of design completion accelerating and tool fabrication underway&rdquo; is particularly encouraging to me, as operational milestones are apparently being completed on schedule. 



The firm&rsquo;s <a href="https://stockanalysis.com/stocks/spce/statistics/">$821 million in cash</a> also buys its substantial runway. In fact, judging by its adjusted amount of cash burn, this even allows SPCE to miss its 2026 target without needing to take on debt or issue shares, which preserves upside. It could then be one of those space exploration stocks for investors to consider.



<h2>Lockheed Martin (LMT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/LMT1600-300x169.jpg" alt="A Lockheed Martin (LMT) Space Systems sign in Sunnyvale, California."><div>Source: Ken Wolter / Shutterstock.com</div></div>I like Lockheed Martin (NYSE:<a href="https://investorplace.com/stock-quotes/lmt-stock-quote/">LMT</a>) as one of those <a href="https://investorplace.com/industries/industrial/space/">space stocks</a> for investors who prefer owning less speculative investments. Although it is primarily known for its aircraft and is America&rsquo;s largest defense contractor, it has a <a href="https://investors.lockheedmartin.com/static-files/0e5a6d1e-900e-49c9-930a-376f94f6b9c0">sizable and growing presence</a> in the space industry. For instance, last quarter, space segment net sales increased by $310 million, or 10%, compared to Q1 2023. Not only did its top-line expand, but its operating profit did too, growing by $45 million, or 16%, compared to the same period last year.&nbsp;



LMT stock saw the largest top-line growth in strategic and missile defense programs, which saw a $140 million increase compared with the same period last year. Meanwhile, National security space programs also saw a sizable boost, recording $115 million in additional revenue. This can be broken down into its Transport Layer and GPS III programs.



As the new space race has a fundamentally geopolitical aspect to it, I expect that demand for LMT&rsquo;s revenues and profits to rise in its space segment as orders to the U.S. and NATO allies ramp up in response to heightened tensions.



<h2>Terran Orbital (LLAP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/high-tech-spaceship-view-planets-300x169.png" alt="An image of the view from a high-tech spaceship looking out at planets and asteroids. space stocks"><div>Source: sdecoret / Shutterstock</div></div>Terran Orbital (NYSE:<a href="https://investorplace.com/stock-quotes/llap-stock-quote/">LLAP</a>) is a small satellite manufacturer that I believe has great potential. Its <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001835512/7fc90d07-681e-439f-902f-67b69319a4d4.pdf">recent quarterly results were impressive</a>, with a great amount of demand for its services. Small satellites tend to be favored by defense contractors. This is evidenced by their sizable backlog, which stood at $312.7 million as of June 30th. A substantial portion of this backlog is tied to programs with Lockheed Martin.



LLAP stock is a tiny business compared with the other space exploration stocks on this list, as it has a market cap of just $145 million. As such, it is going through teething issues, but it is also making promising progress. While revenues dipped slightly year-over-year, gross profit increased to $2.8 million in Q2 2024, up from just $0.8 million in Q2 2023. The company also reduced its net loss.



The market for small satellites is growing, and its relationship with LMT for much of its revenues is both a blessing and a curse, lest there be a downturn in defense spending. However, my view is that tensions will continue



<h2>Redwire (RDW)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/space-stocks1600-300x169.png" alt="Surface of Earth planet in deep space. Outer dark space wallpaper. Night on planet with cities lights. View from orbit. Elements of this image furnished by NASA. Space stocks"><div>Source: Dima Zel / Shutterstock.com</div></div>Redwire (NYSE:<a href="https://investorplace.com/stock-quotes/rdw-stock-quote/">RDW</a>) is an American aerospace manufacturer. Like other space exploration stocks in this article, the company also <a href="https://d1io3yog0oux5.cloudfront.net/_e858af2708d228369d59969358a711b5/redwirespace/news/2024-08-07_Redwire_Corporation_Reports_Second_Quarter_2024_135.pdf">reported promising results</a> last quarter.&nbsp;



The most striking figure is the 30% year-over-year revenue growth to $78.1 million. I also think that RDW is potentially undervalued as one of those space stocks you could write home about &ndash; their contracted backlog increased by nearly 30% year-over-year to $354 million.



One of the hottest trends for space exploration stocks is the rise of Very Low Earth Orbit (VLEO) satellites and satellite constellations. The satellites orbit close to the Earth, which is welcomed by communities in remote areas and governments seeking reduced latency for internet and voice communications. RDW stock has its SabreSat VLEO, which it secured a key win for last quarter in the form of a flight contract. CEO Peter Cannito described RDW as having &ldquo;strong strong financial and technical momentum&rdquo; as it heads into Q3.



<h2>Iridium Communications (IRDM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/iridium-communications-irdm-1600-300x169.jpg" alt="the Iridium Satellite Communications logo seen displayed on a smartphone"><div>Source: rafapress / Shutterstock.com</div></div>Iridium Communications (NASDAQ:<a href="https://investorplace.com/stock-quotes/irdm-stock-quote/">IRDM</a>) is a global satellite communications company. It provides both data and voice connectivity worldwide. This year seems to have been <a href="https://investor.iridium.com/2024-07-23-Iridium-Announces-Second-Quarter-2024-Results">especially accretive</a> for space exploration stocks, as Iridium&rsquo;s Q2 2024 results demonstrate solid growth.&nbsp;



Their total revenue increased by 4% year-over-year, driven by a 5% growth in service revenue, which now accounts for 76% of total revenue. Most notably, service revenue is recurring in nature, which provides the firm with a solid base for its future financial health.



There are two sterling examples from IRDM earnings that makes me think that it will continue to surprise the market. The firm has a solid relationship with the U.S government, and it has additional contract revenue from it starting in September this year. Another shining example is that it expects to see a continued expansion of its revenue growth and an indirect boost to its net income could be on the cards via its strong tax management strategies.



<h2>Spire Global (SPIR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/11/spir1600-300x169.png" alt="Person holding smartphone with logo of US data analytics company Spire Global Inc. (SPIR) on screen in front of website. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>Spire Global (NYSE:<a href="https://investorplace.com/stock-quotes/spir-stock-quote/">SPIR</a>) provides space-based data and analytics. I like it for a few reasons, notably due to its recent results. Revenue <a href="https://d1io3yog0oux5.cloudfront.net/_1cdf621d5aec1a7a10d331c93ed330b8/spire/db/1912/17837/pdf/Spire+Q1%2724+Presentation_Final.pdf">burgeoned 6% year-over-year</a> to $25.7 million in Q1 2024, while Annual Recurring Revenue (<a href="https://investorplace.com/stock-quotes/arr-stock-quote/">ARR</a>) swelled 15% to $120.9 million.&nbsp;



SPIR might also be suitable for green investors, per recent comments by SPIR Global&rsquo;s CEO Peter Platzer. The CEO stated: &ldquo;Climate change and global security challenges are drivers of demand for our business. They are becoming more frequent and costly.&rdquo; For me, this dovetails seamlessly with Spire&rsquo;s focus on providing critical data and insights in these domains.



Peering into the future, Spire&rsquo;s guidance for Q2 2024 and full-year 2024 gives me reason to give it a buy recommendation. The company has accounted for a 20% sequential revenue growth in Q2, with positive adjusted EBITDA of $3.5 million at the midpoint.&nbsp;



On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> InvestorPlace.com Publishing Guidelines</a>.
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/08/7-space-exploration-stocks-that-could-pioneer-new-frontiers/">7 Space Exploration Stocks That Could Pioneer New Frontiers</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Space Exploration Stocks That Could Pioneer New Frontiers

Lockheed Martin to buy Terran Orbital in $450M deal, below prior offer

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Small private steps are a giant leap for commercial space

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Terran Orbital Sets $9M Bonus Pool Amidst Merger

Global defense spending is increasing due to escalating geopolitical tensions, fueling a boom in the defense industry. To capitalize on this trend, investing in fundamentally solid defense stocks Northrop Grumman (NOC), Textron (TXT), and Lockheed Martin (LMT) could be a wise move. Continue to read… With rising global tensions and geopolitical conflicts, the defense industry is gaining significant traction, driving robust demand for defense products. In addition, the growing upgrade activities and adoption of digital technologies are propelling the sector's development.
Given the industry's robust outlook, it could be wise to invest in fundamentally strong air/defense stocks: Northrop Grumman Corporation (<a href="https://stocknews.com/stock/NOC/">NOC</a>), Textron Inc. (<a href="https://stocknews.com/stock/TXT/">TXT</a>), and Lockheed Martin Corporation (<a href="https://stocknews.com/stock/LMT/">LMT</a>). These companies seem well-positioned to capitalize on the growing opportunities in the sector.
With the increasing geo-political tensions such as the Russia-Ukraine conflict and the Israel-Hamas situation, governments worldwide are increasing their defense budgets to strengthen their military capabilities.
Concurrently, the U.S. Department of Defense (DOD) has allocated <a href="https://www.usaspending.gov/agency/department-of-defense?fy=2024">a $2.10 trillion budget</a> for fiscal year 2024, with $1.08 trillion revolving around defense-related expenses. In parallel, with significant increases in F-35 and F-16 purchases, the <a href="https://www.defensenews.com/air/2024/08/01/air-force-sees-spike-in-overseas-weapon-sales/">U.S. Air Force</a> is anticipating its annual foreign military sales to grow by 60% in the current year.
The Air Force foreign military sales service expects to book over $46 billion in weapon sales in fiscal 2024, up from $28.7 billion in fiscal 2023. The increased demand is largely driven by rising global instability, prompting U.S. allies to strengthen their defense capabilities.
Brig. Gen. Jeffrey Geraghty, Director of the Air Force Security Assistance and Cooperation Directorate (AFSAC), remarked, "Business is booming". He added, "Our partners recognize that it's a dangerous world once again."
The evolving focus on Artificial Intelligence (AI) is also transforming the air and defense industries. At a recent conference, officials highlighted the crucial need for allied and partner nations to <a href="https://www.defense.gov/News/News-Stories/Article/Article/3888420/brown-southcom-commander-call-for-harnessing-ai-developing-space-domain-to-meet/">leverage AI and advance the space domain</a>, underscoring its role in addressing complex security challenges and enhancing industry prospects.
As the defense market worldwide expands due to growing investments and rising global tensions, the global defense market is projected to reach $772.49 billion by 2028, exhibiting a <a href="https://www.thebusinessresearchcompany.com/report/defense-global-market-report">CAGR of 5.8%</a>, according to a report published by The Business Research Company.
Considering these factors, let's discuss the fundamentals of the three <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> picks, beginning with #3.
Stock #3: Northrop Grumman Corporation (<a href="https://stocknews.com/stock/NOC/">NOC</a>)
NOC is an international aerospace and defense technology company. The company operates through four segments: Aeronautics Systems (AS); Defense Systems (DS); Mission Systems (MS); and Space Systems (SS).
For the fiscal 2024 second quarter, which ended on June 30, NOC's total sales increased 6.7% year-over-year to $10.22 billion. Its total operating income rose 12.7% from the year-ago value to $1.09 billion.
Additionally, the company's net earnings and EPS stood at $940 million and $6.36, respectively, up 15.8% and 19.1% year-over-year. Also, its <a href="https://www.investopedia.com/terms/f/freecashflow.asp">free cash flow</a> for the quarter increased 79.7% year-over-year to $1.11 billion.
NOC is <a href="https://investor.northropgrumman.com/static-files/4ee2ef89-afdd-4e38-ba29-62b0b02757d0">raising its sales guidance</a> for both AS and MS, with AS now projected to reach the high $11 billion range and MS expected in the mid-$11 billion range. These upward revisions are driven by the robust results achieved year-to-date and favorable expectations for the remainder of the year.
The company has also updated its margin expectations for AS and MS. NOC anticipates a margin rate for Aeronautics in the mid to high 9% range, reflecting its ability to maintain strong margins through a diverse mix of mature production programs and promising early-stage developments.
In addition, NOC has increased its sales guidance for DS to approximately $9 billion this year. This adjustment accounts for the realignment of the SDS division to DS, which is projected to contribute around $2.7 billion in sales. The increase also highlights NOC's forecast for higher sales volumes related to ammunition and weapons replenishment.
Overall, NOC's impressive performance and positive outlook have led to an increase of $0.45 in its diluted EPS range, showcasing the company's strong financial trajectory.
Street expects NOC's revenue and EPS for the fiscal year ending December 2024 to increase 5.2% and 8.2% year-over-year to $41.34 billion and $25.20, respectively. Moreover, the company topped the consensus revenue and EPS estimates in all four trailing quarters, which is impressive.
Shares of NOC have gained 12% over the past six months and 22% over the past year to close the last trading session at $518.54.
NOC's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its promising 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.
NOC has a B grade for Momentum, Stability, and Sentiment. It is ranked #16 out of 71 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry.
<a href="https://stocknews.com/stock/NOC/">Click here</a> to see the additional ratings for NOC (Growth, Value, and Quality).
Stock #2: Textron Inc. (<a href="https://stocknews.com/stock/TXT/">TXT</a>)
TXT, a diversified company spanning aerospace, defense, industrial, and finance sectors, utilizes its extensive global network to deliver a wide array of solutions and services to customers worldwide. Its segments include Textron Aviation; Bell; Textron Systems; Industrial; Textron eAviation; and Finance.
On August 21, Bell Textron Inc., a TXT company, delivered a Bell 429 and <a href="https://investor.textron.com/news/news-releases/press-release-details/2024/Chicago-Police-Department-Accepts-Delivery-of-a-Bell-429-Signs-Purchase-Agreement-for-two-Bell-407GXis/default.aspx">secured a purchase agreement</a> for two Bell 407GXi aircraft for the Chicago Police Department. These models, renowned for their advanced technology and multi-mission capabilities, are perfectly suited for public safety agencies.
Bell's longstanding partnership with the Chicago Police Department, spanning over 20 years, underscores its leadership in the sector. This collaboration highlights TXT's continued influence and potential for growth in the public safety aviation market.
On May 20, Textron Systems Corporation, a TXT company, and Kodiak Robotics, a pioneer in self-driving technology for trucking and defense, announced a groundbreaking collaboration to develop an <a href="https://investor.textron.com/news/news-releases/press-release-details/2024/Textron-Systems-Collaborates-with-Kodiak-to-Develop-Uncrewed-Military-Vehicle/default.aspx">autonomous military ground vehicle</a> designed for driverless operations.
The partnership is set to advance the functionality, adaptability, reliability, and ruggedness of TXT's systems, driving growth and solidifying its leadership in the military ground vehicle market. By integrating cutting-edge technology, TXT is poised to expand its capabilities and market reach, fueling its growth in the defense sector.
For the fiscal 2024 second quarter that ended June 29, 2024, TXT's total revenues increased 3% year-over-year to $3.53 billion. The company's adjusted income from continuing operations amounted to $296 million or $1.54 per share, with its EPS increasing 5.5% from the same period last year.
Analysts expect TXT's revenues for the fiscal third quarter (ending September 2024) to increase 8.4% year-over-year to $3.62 billion. Meanwhile, its EPS is expected to grow 6.4% from the prior year's quarter to $1.58. In addition, the company surpassed the consensus EPS estimates in three of the trailing four quarters.
Shares of TXT have gained 12.3% over the past nine months and 15% over the past year to close the last trading session at $86.93.
TXT's sound fundamentals are mirrored in its POWR Ratings. The stock has an overall rating of B, which translates to Buy in our proprietary rating system.
TXT has an A grade for Value and a B for Momentum and Quality. It is ranked #7 out of 71 stocks within the same industry.
<a href="https://stocknews.com/stock/TXT/">Click here</a> to see TXT's ratings for Growth, Stability, and Sentiment.
Stock #1: Lockheed Martin Corporation (<a href="https://stocknews.com/stock/LMT/">LMT</a>)
LMT is a global security and aerospace company specializing in the research, design, development, manufacturing, integration, and sustainment of advanced technology systems. Its operations are organized into four segments: Aeronautics; Missiles and Fire Control; Rotary and Mission Systems; and Space.
On September 10, LMT and Tata Advanced Systems Limited, a leading aerospace and defense solutions provider in India, <a href="https://news.lockheedmartin.com/2024-09-10-Lockheed-Martin-and-Tata-Advanced-Systems-Announce-Agreement-to-Expand-C-130J-Super-Hercules-Opportunities-in-India">announced a teaming agreement</a> focused on the C-130J Super Hercules tactical airlifter. The collaboration aims to strengthen their business relationship and enhance operational capabilities.
The agreement underscores LMT's dedication to supporting a self-reliant India and highlights the strong, confidence-building partnerships with Indian industry. By joining forces, both companies are set to advance their shared goals and contribute to the growth of the defense sector in India.
On August 15, LMT announced a definitive agreement to acquire Terran Orbital Corporation (<a href="https://stocknews.com/stock/LLAP/">LLAP</a>), a prominent satellite manufacturer serving the aerospace and defense sectors, for approximately $450 million.
The strategic acquisition underscores LMT's commitment to enhancing its advanced satellite manufacturing and responsive space capabilities, positioning the company for continued growth and innovation in the space industry.
LMT's net sales increased 8.6% from the prior year's quarter to $18.12 billion for the fiscal 2024 second quarter that ended June 30, 2024. Its consolidated operating profit grew marginally from the year-ago value to $2.15 billion.
Moreover, the company's adjusted net earnings were $1.70 billion for the quarter. Its adjusted EPS of $7.11 reflects a growth of 5.6% from the prior year's quarter. Plus, the company's free cash flow increased 95.3% year-over-year to $1.51 billion.
The projected consensus for revenue and EPS stands at $17.63 billion and $6.63, respectively, marking a modest year-over-year increase of 2.5% in revenue and 4.7% in EPS for the fiscal 2025 first quarter ending March 2025. Furthermore, the company surpassed the consensus revenue and EPS estimates in all four trailing quarters.
Shares of LMT have gained 23.8% over the past three months and 36% over the past year to close the last trading session at $568.27.
LMT's POWR Ratings reflect its strong outlook. The stock has an overall rating of A, which translates to a Strong Buy in our proprietary rating system.
LMT has a B grade for Sentiment, Momentum, Stability, and Quality. It is ranked #2 among the 71 stocks in the Air/Defense Services industry.
<a href="https://stocknews.com/stock/LMT/">Click here</a> to access additional LMT ratings for Value and Growth.
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<hr />
LMT shares were unchanged in premarket trading Friday. Year-to-date, LMT has gained 27.86%, versus a 18.37% 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/lmt-noc-txt-llap-3-defense-stocks-to-watch-amid-rising-geopolitical-tensions/>3 Defense Stocks to Watch Amid Rising Geopolitical Tensions</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Defense Stocks to Watch Amid Rising Geopolitical Tensions

THE LAWSUIT: A class action securities lawsuit was filed against Terran Orbital Corporation (LLAP) that seeks to recover losses of Terran sharehold...

Levi & Korsinsky LLP Reminds Shareholders of a Lead Plaintiff Deadline of November 26, 2024 in Terran Lawsuit – LLAP

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Press Releases

The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of November 26, 2024 in Terran Lawsuit - LLAP

Terran Orbital Corporation Sued for Securities Law Violations – Investors Should Contact Levi & Korsinsky Before November 26, 2024 to Discuss Your Rights – LLAP

Terran Orbital Corporation Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky Before November 26, 2024 to Discuss Your Rights - LLAP

Penny Stocks

LLAP Investors Have Opportunity to Lead Terran Orbital Corporation Securities Fraud Lawsuit with the Schall Law Firm

The Gross Law Firm Reminds Shareholders of a Lead Plaintiff Deadline of November 26, 2024 in Terran Orbital Corporation Lawsuit – LLAP

LLAP Stock News: Robbins LLP Reminds Investors with Large Losses of the Class Action Lawsuit Against Terran Orbital Corporation

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against AMMO, Iris Energy, and Terran and Encourages Investors to Contact the Firm

The Gross Law Firm Notifies Shareholders of Terran Orbital Corporation(LLAP) of a Class Action Lawsuit and an Upcoming Deadline

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Terran Orbital Corporation of Class Action Lawsuit and Upcoming Deadlines - LLAP

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Terran Orbital Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – LLAP

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