Ultime notizie per Nurix Therapeutics (NASDAQ:NRIX) Azioni

Nurix Therapeutics

Nurix Therapeutics Inc is a biopharmaceutical company focused on the discovery, development and commercialization of oral, small molecule therapies designed to modulate cellular protein levels as a novel treatment approach for cancer and immune disorders. The company's pipeline comprises targeted protein degraders of Brutons tyrosine kinase, or BTK, a B-cell signaling protein, and inhibitors of Casitas B-lineage lymphoma proto-oncogene-B, or CBL-B, an E3 ligase that regulates T cell activation. Its drug candidate from protein degradation portfolio, NX-2127, is an orally available BTK degrader for the treatment of relapsed or refractory B-cell malignancies. Its drug candidate from E3 ligase inhibitor portfolio, NX-1607, is an orally available CBL-B inhibitor for immuno-oncology indications.

Nurix Therapeutics Inc

JP Morgan analyst Tami Zakaria maintains Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) with a Neutral and lowers the price target from $65 to $62.

News

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on Terex, Lowers Price Target to $62

SoFi Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) is lighting up the trading floor, with a striking 9% leap to $9.80 by 11 AM ET on Oct. 14. 
The surge follows the company's $2 billion loan agreement with Fortress Investment Group to ramp up its <a href="https://www.benzinga.com/quote/SOFI/news">loan platform business</a>.
With shares already up 2.23% year-to-date and a dazzling 19.58% over the past year, SoFi is in the spotlight. Driven by positive news and economic sentiment, SoFi stock has made a Golden Cross.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14100446/Screenshot-2024-10-14-at-3.56.54-PM.png" alt="" class="wp-image-593999" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14100446/Screenshot-2024-10-14-at-3.56.54-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14100446/Screenshot-2024-10-14-at-3.56.54-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
<h2 class="wp-block-heading">Strategic Expansion Through Fortress Partnership</h2>
"SoFi's loan platform business is crucial to our strategy," said CEO Anthony Noto. "This partnership not only expands our capabilities but also diversifies our revenue streams." 
With Fortress in its corner, SoFi is set to enhance its loan offerings and strengthen its foothold in the competitive fintech landscape.
<h2 class="wp-block-heading">New Credit Cards, Positive Economic Indicators</h2>
But the excitement doesn't stop there. This week, SoFi rolled out two new credit cards: the SoFi Everyday Cash Rewards Credit Card, offering 3% cash back on dining, and the SoFi Essential Credit Card, designed for those building their credit with no annual fees. 
This expansion in financial products comes at an opportune time, as positive economic indicators and a recent 50 basis point rate cut by the Federal Reserve could attract more borrowers to SoFi's range of offerings.
Read Also: <a href="https://www.marketbeat.com/stock-ideas/4-stocks-set-to-benefit-from-recent-interest-rate-cuts/">4 Stocks Set to Benefit from Recent Interest Rate Cuts</a>
<h2 class="wp-block-heading">Upcoming Earnings Report Adds To Buzz</h2>
SoFi is also gearing up for its third quarter earnings report on Oct. 29, with analysts estimating earnings of 4 cents per share and quarterly revenue of $629.2 million. The anticipation builds as the market buzzes about SoFi's prospects.
<h2 class="wp-block-heading">Strong Technical Indicators Signal Bullish Trend</h2>
On the technical front, SoFi&#8217;s recent Golden Cross—a bullish signal indicating that the short-term moving average has crossed above the long-term moving average—has traders buzzing. The stock is currently trading above its five, 20 and 50-day exponential moving averages, showcasing strong buying pressure. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="455" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14100555/Screenshot-2024-10-14-at-3.58.55-PM.png" alt="" class="wp-image-594002" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14100555/Screenshot-2024-10-14-at-3.58.55-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/14100555/Screenshot-2024-10-14-at-3.58.55-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent101424&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
With a share price of $9.01 surpassing its eight-day simple moving average of $8.36, 20-day SMA of $8.11, 50-day SMA of $7.53, and 200-day SMA of $7.49, the indicators align for continued upward momentum.
As SoFi innovates and expands its product offerings, the combination of a favorable market backdrop and solid technical signals may pave the way for more gains ahead. Investors are keenly watching this fintech gem as it positions itself for success.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com//node/41313080">SoFi Technologies Stock Is Surging Monday: What&#8217;s Going On?</a></li>
</ul>
Image: Shutterstock

Fintech news covering the emerging Financial Technology services sector

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Technicals

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SOFI

SoFi's $2 Billion Leap: Golden Cross Sparks A Bullish Boom

JP Morgan analyst Ken Goldman maintains Hershey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) with a Neutral and lowers the price target from $188 to $180.

JP Morgan Maintains Neutral on Hershey, Lowers Price Target to $180

Macro Economic Events

Econ #s

Economics

Reported Earlier: OPEC Lowers 2024 Global Oil-Demand Growth Forecast To 1.93M Barrels/Day From 2.03M Barrels/Day; Lowers 2025 Global Oil-Demand Growth Forecast To 1.64M Barrels/Day From 1.74M Barrels/Day; OPEC Keeps 2024 Global Economic-Growth Forecast At 3%; Keeps 2025 Global Economic-Growth Forecast At 2.9%; Raises 2024 U.S. Economic-Growth Forecast To 2.5% From 2.4%; Keeps 2025 U.S. Economic-Growth Forecast At 1.9%

Brookline Capital analyst Tyler Bussian initiates coverage on Envoy Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COCH#NASDAQ">COCH</a>) with a Buy rating and announces Price Target of $9.

Initiation

Envoy Medical, Inc. - Class A Common Stock

COCH

Brookline Capital Initiates Coverage On Envoy Medical with Buy Rating, Announces Price Target of $9

JP Morgan analyst Seth Seifman maintains Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) with a Overweight and lowers the price target from $235 to $195.

JP Morgan Maintains Overweight on Boeing, Lowers Price Target to $195

Benchmark analyst Daniel Kurnos maintains Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) with a Buy and lowers the price target from $225 to $215.

NXST

Benchmark Maintains Buy on Nexstar Media Gr, Lowers Price Target to $215

JP Morgan analyst Seth Seifman maintains TransDigm Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>) with a Neutral and raises the price target from $1435 to $1555.

JP Morgan Maintains Neutral on TransDigm Gr, Raises Price Target to $1555

Over the past 24 hours, WETH's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WETH</a>) price rose 7.08% to $2,617.98. This continues its positive trend over the past week where it has experienced a 4.0% gain, moving from $2,480.74 to its current price. As it stands right now, the coin's all-time high is $4,799.89. 
The chart below compares the price movement and volatility for WETH over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1728918225_0.png" alt="price_chart" />
The trading volume for the coin has climbed 18.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 1.32%. This brings the circulating supply to 2.94 million. According to our data, the current market cap ranking for WETH is #17 at $7.68 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1728918225_1.png" alt="supply_and_vol" />
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$WETH

WETH's Price Increased More Than 7% Within 24 hours

JP Morgan analyst Tessa Romero maintains Scholar Rock Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) with a Overweight and raises the price target from $18 to $31.

SRRK

JP Morgan Maintains Overweight on Scholar Rock Holding, Raises Price Target to $31

Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) shares are bouncing around in early trading Monday after Elliott Investment Management&nbsp;called for a <a href="https://www.benzinga.com/pressreleases/24/10/n41311782/elliott-calls-for-special-meeting-of-shareholders-in-order-to-bring-urgently-needed-change-to-sout">special meeting of shareholders</a>.
What Happened: Activist Elliott Investment Management has asked for a special meeting of&nbsp;Southwest shareholders and nominated eight directors to the airline&#8217;s board. 
The activist investor is pushing for changes at Southwest as the company has struggled with profitability in the wake of the COVID-19 pandemic. 
Elliott&nbsp;disclosed a roughly $2 billion&nbsp;stake in Southwest&nbsp;in June and has since made several attempts to persuade Southwest to implement what it sees as &#8220;necessary&#8221; governance changes. The activist said it currently maintains an 11% stake in the airline. 
&#8220;We are taking this step today because the need for improved oversight at Southwest has never been more urgent. Following Elliott&#8217;s public push for changes, Southwest has responded with a series of long-overdue strategic and corporate-governance initiatives, promising that better performance will follow,&#8221; the activist investor said.
&#8220;However, Southwest&#8217;s shareholders have heard these sorts of promises before, and what they need today, at the outset of this attempted turnaround, is an experienced, highly qualified Board to oversee the changes and ensure successful execution. Southwest&#8217;s shareholders cannot afford to see – yet again – today&#8217;s new initiatives turn into tomorrow&#8217;s broken promises.&#8221;
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41276280/hurricane-milton-closes-multiple-florida-airports-over-3-000-flights-canceled-and-delayed-10-air">Hurricane Milton Closes Multiple Florida Airports, Over 3,000 Flights Canceled And Delayed: 10 Airline Stocks That Could Be Hit Hardest</a>
Last month, Southwest introduced its &#8220;Southwest. Even Better&#8221; transformational plan at its Investor Day. The three-year plan is focused on transforming the customer experience to drive revenue growth and improve profitability. 
Elliott Management responded to the announcement, noting that the turnaround won&#8217;t work without new management.
&#8220;Today&#8217;s Investor Day will have a familiar ring for many shareholders: Another promise of a better tomorrow from the same people who have created the problems we face today. Without credible leadership that can execute, this plan – filled with long-dated promises of better performance –&nbsp;risks becoming the latest in Southwest&#8217;s long series of failed improvement initiatives,&#8221; the activist said in September.
LUV Price Action: <a href="http://benzinga.com/quote/LUV">Southwest Airline shares</a> got a lift in early trading Monday, moving up to around $31 before pulling back. The stock was down 1.14% at $30.27 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Around the World Photos/Shutterstock.

What's Going On With Southwest Airlines Stock Today?

Benchmark analyst Mike Hickey reiterates Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) with a Buy and maintains $265 price target.

Reiteration

FLUT

Benchmark Reiterates Buy on Flutter Entertainment, Maintains $265 Price Target

Pepe's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) price has increased 11.24% over the past 24 hours to $0.000011, which is in the opposite direction of its trend over the past week, where it has experienced a 1.0% loss, moving from $0.000011 to its current price. 
The chart below compares the price movement and volatility for Pepe over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1728918156_0.png" alt="price_chart" />
The trading volume for the coin has tumbled 24.0% over the past week along with the circulating supply of the coin, which has fallen 0.26%. This brings the circulating supply to 420.69 trillion, which makes up an estimated 100.0% of its max supply of 420.69 trillion. According to our data, the current market cap ranking for PEPE is #29 at $4.47 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1728918156_1.png" alt="supply_and_vol" />
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

$PEPE

Cryptocurrency Pepe's Price Increased More Than 11% Within 24 hours

Over the past 24 hours, Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price has risen 6.05% to $65,964.00. This continues its positive trend over the past week where it has experienced a 3.0% gain, moving from $63,642.32 to its current price. As it stands right now, the coin's all-time high is $73,738.00. 
The chart below compares the price movement and volatility for Bitcoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1728918147_0.png" alt="price_chart" />
The trading volume for the coin has climbed 20.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 0.25%. This brings the circulating supply to 19.77 million, which makes up an estimated 94.13% of its max supply of 21.00 million. According to our data, the current market cap ranking for BTC is #1 at $1.31 trillion.
<img src="https://www.benzinga.com/files/images/story/2024/1728918147_1.png" alt="supply_and_vol" />
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

$BTC

Bitcoin Up More Than 6% In 24 hours

JP Morgan analyst Tami Zakaria maintains Oshkosh (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSK#NYSE">OSK</a>) with a Neutral and raises the price target from $120 to $125.

JP Morgan Maintains Neutral on Oshkosh, Raises Price Target to $125

<h4>Key Takeaways:</h4>
<ul>
<li>Woodpecker International has reapplied to list in Hong Kong, reporting its profit fell 6.4% in the first half of the year to nearly 39 million yuan</li>
<li>The home maintenance platform boasts an all-star crop of early investors, including well-known entrepreneurs Lei Jun and Yao Jinbo</li>
</ul>
Lau Chi Hang
&ldquo;Maybe we can&rsquo;t fix feelings, but we can just about everything else.&rdquo; That motto from&nbsp;Woodpecker International Inc.&nbsp;could coax a smile from even those who have never used its services and would certainly leave an impression.
Now, the home maintenance and repair platform is hoping its name &ndash; and financial performance &ndash; will leave a different kind of positive impression on investors as it take flight a second time with a plan to list in Hong Kong. The company made its original IPO application at the beginning of the year but didn&rsquo;t get far. With its&nbsp;<a href="https://www1.hkexnews.hk/app/sehk/2024/106831/documents/sehk24093002351.pdf">latest application</a>&nbsp;filed just before China&rsquo;s National Day holiday, it&rsquo;s hoping this new attempt can ride a recent rally that has boosted a handful of recent IPOs and is sending stocks to levels not seen for several years.
Many families have experienced the hassles of not being able to personally handle their home repairs, while also chaffing over subpar third-party service providers. Spotting that gap in the market, Woodpecker flew in by aiming to carve out a new space with its online maintenance and repair platform.
Its business model is rather straightforward: providing one-stop maintenance and repair services to homes with a wide range of needs. The platform connects technicians selling their services with consumers whose homes need repairs, using online tools to help users find a contractor most likely to meet their requirements. The company&rsquo;s revenue comes from commissions and other fees paid by contractors who use the platform.
<h3>Market Leader</h3>
Woodpecker is China&rsquo;s largest home maintenance and repair platform with 2.4% of the market in 2023 in terms of gross transaction value (GTV), according to data from consultancy CIC cited in the company&rsquo;s listing document.
The company was founded by Wang Guowei, who worked as a repairman in his early years at a small maintenance company. He struck out on his own in 2004 by starting a refrigeration equipment maintenance and repair company with his sister in the Southwestern Chinese city of Chongqing. In a twist of fate, 10 years later he met Zhu Hongkun, publisher of the Chongqing Daily, at a client reception held by the newspaper. The pair clicked instantly with their vision of the big potential for China&rsquo;s vast home maintenance and repair market and its digitization. They co-founded Chongqing Woodpecker that same year in 2014, positioning it as a platform providing home maintenance and repair services.
The company quickly attracted attention from investors, including business tycoon Lei Jun, co-founder of smartphone giant Xiaomi, who invested through Tianjin Jinmi and Suzhou Shunwei. Other early investor included Yao Jinbo, head of 58.com, often called the Craigslist of China, as well as Shanghai-based GoldenHome Living (603180.SH), which joined during the company&rsquo;s Series C fundraising.
<h3>Accelerating Growth</h3>
Woodpecker has used the funds from those and other investors to expand rapidly, and now has presences in more than 300 cities doing repairs for more than 300 type of home appliances and other devices. The number of repair technicians using its platform nearly tripled from 7,092 in 2021 to 19,105 last year, and rose further still to 26,968 by the end of June.
The value of transactions over the platform has also grown rapidly, lifting the company&rsquo;s revenue from 990 million yuan ($140.1 million) in 2021 to 2.48 billion yuan last year, representing annual growth of 58.5%. The number of repair orders completed over the platform also more than doubled from 4.3 million to 9.9 million over the period. The company logged 6.6 million repair orders in the first half of this year, with transaction value hitting 1.57 billion yuan.
Despite the steady growth, the company&rsquo;s profits have been less stable. It logged a profit of 33.4 million yuan in 2021, but the figure fell to 6.2 million yuan the next year, only to rebound to 48.9 million in 2023. It attributed the changes to non-operational factors stemming from charges related to changes in the fair value of its financial liabilities. Its profit in the first half of this year totaled 38.9 million yuan, down 6.4% year-on-year, mainly due to a significant increase in sales and marketing expenses.
China&rsquo;s home maintenance and repair market is flourishing, fueled by a new generation of homeowners. According to CIC, the market&rsquo;s total transaction value reached 715 billion yuan in 2023 and it is expected to grow to 932 billion yuan by 2027, averaging 6.8% annual growth. Woodpecker is expected to benefit as more people look for such services online, with the share of such services provided over online platforms projected to rise from 14.5% in 2023 to 25.4% in 2027.
<h3>First Home Maintenance And Repair Stock</h3>
One of the company&rsquo;s biggest challenges is ensuring the quality of service offered by workers on its platform. As a middleman, Woodpecker may lack the expertise to manage the qualifications and service levels of those technicians very closely. But poor management could cause user experience to suffer and tarnish the platform&rsquo;s reputation and popularity.
More than 6,000 complaints were lodged against Woodpecker on the consumer complaint platform Black Cat by the end of September, covering issues like arbitrary charging and refusing to provide refunds for customers unsatisfied with their repair services. The company has also been subject to accusations that some repairmen on its platform engage in under-the-table transactions and provide subpar service.
The market where Woodpecker operates is currently quite fragmented and competitive, including other rivals like Wanshifu and Laobandaojia, with no single platform dominating. That means Woodpecker still has a shot at becoming the first Hong Kong-listed home maintenance and repair stock. Access to such an international financial platform could serve the company well over the long run, improving its market recognition and furnishing funds to emerge as a potential industry consolidator. But for that to happen, it will also need to give users of its platform greater confidence in the services they are buying.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Asia

General

Wookpecker International Takes Flight With New Hong Kong IPO Bid

Solana's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) price has increased 6.82% over the past 24 hours to $155.23. Over the past week, SOL has experienced an uptick of over 3.0%, moving from $149.62 to its current price. As it stands right now, the coin's all-time high is $259.96. 
The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1728918077_0.png" alt="price_chart" />
The trading volume for the coin has decreased 8.0% over the past week, while the overall circulating supply of the coin has decreased 0.06% to over 469.76 million. The current market cap ranking for SOL is #5 at $73.01 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1728918077_1.png" alt="supply_and_vol" />
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

$SOL

Solana's Price Increased More Than 6% Within 24 hours

Vice President <a href="https://www.benzinga.com/topic/kamala-harris">Kamala Harris</a> is pledging to legalize recreational marijuana, protect cryptocurrency assets and give one million loans to Black entrepreneurs in an effort to galvanize Black voters, some of whom have been gravitating toward former President <a href="https://www.benzinga.com/topic/donald-trump">Donald Trump</a> or are undecided about voting.
Why? Former President <a href="https://www.benzinga.com/topic/barack-obama">Barack Obama</a> has a theory. "Part of it makes me think that, well, you just aren't feeling the idea of having a woman as president, and you're coming up with other alternatives and other reasons for that," he said Thursday in Pittsburgh.
A <a href="https://www.nytimes.com/interactive/2024/10/13/us/elections/times-siena-poll-black-likely-electorate.html" target="_blank" rel="noreferrer noopener">New York Times/Siena College poll </a>of Black likely voters released Saturday found Harris retains the majority of support of Black likely voters over Trump, though support has waned from President Joe Biden's share of the Black vote in 2020.
Read Also: <a href="https://www.benzinga.com/news/24/10/41306411/kamala-harris-leads-trump-but-most-americans-are-pessimistic-about-the-nations-direction-poll-shows">Kamala Harris Leads Trump, But Most Americans Are Pessimistic About The Nation&#8217;s Direction, Poll Shows</a>
<h2 class="wp-block-heading">Harris's Plan To Pull In Undecided Black Voters</h2>
<h3 class="wp-block-heading">Cannabis</h3>
Harris&#8217; platform includes plans to legalize recreational marijuana, an issue with strong support among younger voters and one which <a href="https://www.benzinga.com/markets/cannabis/24/09/41106120/kamala-harris-we-need-to-legalize-cannabis-vp-says-for-first-time-as-presidential-candidate-in-a">she confirmed</a> in September on the basketball-focused&nbsp;podcast "All the Smoke," for the first time since becoming the candidate. Harris said she wanted to ensure that Black Americans benefit from opportunities within the growing cannabis industry.
<h3 class="wp-block-heading">Crypto And Wealth Creation</h3>
The VP pledged to offer one million forgivable loans of up to $20,000 to Black entrepreneurs, aiming to boost Black business ownership and wealth creation. According to her campaign, <a href="https://penncapital-star.com/election-2024/kamala-harris-rolls-out-opportunity-agenda-for-black-men-with-focus-on-economic-and-social/">reported</a> the Pennsylvania Capital Star, the initiative also tackles regulation of cryptocurrency and other digital assets, with over 20% of Black Americans reportedly having invested in such assets.
<h3 class="wp-block-heading">Health And Education Improvements</h3>
Education and workforce development are also central to Harris' strategy. Her plan includes increasing investments in Black male teachers, expanding registered apprenticeships and providing credentialing opportunities in Black communities. Harris is also promoting leadership and mentorship programs, such as My Brother's Keeper, which focuses on addressing critical health issues that disproportionately affect Black men, including diabetes, mental health and prostate cancer.
Harris is expected to unveil these initiatives during a stop in Erie, Pennsylvania, where she will meet with a group of Black men before holding a larger rally.
"This agenda is a further realization of Vice President Harris' Opportunity Economy," <a href="https://penncapital-star.com/election-2024/kamala-harris-rolls-out-opportunity-agenda-for-black-men-with-focus-on-economic-and-social/">said</a> Harris campaign co-chair Cedric Richmond, former U.S. Representative from Louisiana. "An economy where people don't just get by, but get ahead. Where Black men are equipped with the tools to thrive: to buy a home, provide for our families, start a business and build wealth," 
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41312383/trump-and-harris-neck-and-neck-in-final-stretch-of-presidential-race-but-heres-how-vice-president-ca">Trump And Harris Neck-And-Neck In Final Stretch Of Presidential Race, But Here&#8217;s How Vice President Can Regain Momentum</a></li>
</ul>
Image: Shutterstock

Cannabis

Government

Politics

Kamala Harris Unveils Policy Plan For Black Men, Focusing On Economic Opportunity, Health, Cannabis Legalization

Sono-Tek (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOTK#NASDAQ">SOTK</a>) is gearing up to announce its quarterly earnings on Tuesday, 2024-10-15. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Sono-Tek will report an earnings per share (EPS) of $0.02.
The announcement from Sono-Tek is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Performance in Previous Earnings</h3>
During the last quarter, the company reported an EPS beat by $0.01, leading to a 3.66% increase in the share price on the subsequent day.
Here's a look at Sono-Tek's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.01</td>
<td>0</td>
<td>0.02</td>
<td>0.05</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.02</td>
<td>0.01</td>
<td>0.04</td>
<td>0.03</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.0%</td>
<td>0.0%</td>
<td>2.0%</td>
<td>-2.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1728918078_0.png" alt="eps graph" />
<h3>Sono-Tek Share Price Analysis</h3>
Shares of Sono-Tek were trading at $4.05 as of October 11. Over the last 52-week period, shares are down 17.28%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/SOTK/earnings">To track all earnings releases for Sono-Tek visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

SOTK

Sono-Tek's Earnings Outlook

14 analysts have shared their evaluations of Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $95.57, a high estimate of $120.00, and a low estimate of $82.00. This upward trend is evident, with the current average reflecting a 5.26% increase from the previous average price target of $90.79.
<img src="https://www.benzinga.com/files/images/story/2024/1728918064_0_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive Marvell Tech is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Maintains</td>
<td>Buy</td>
<td>$91.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Hans Mosesmann</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$120.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Cody Acree</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>C J Muse</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Blayne Curtis</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Harsh Kumar</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Toshiya Hari</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$87.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Tore Svanberg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$95.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Mark Lipacis</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>Outperform</td>
<td>$98.00</td>
<td>$91.00</td>
</tr>
<tr>
<td>Suji Desilva</td>
<td>Roth MKM</td>
<td>Maintains</td>
<td>Buy</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Joseph Moore</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$82.00</td>
<td>$77.00</td>
</tr>
<tr>
<td>Quinn Bolton</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Hans Mosesmann</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$100.00</td>
<td>$100.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Marvell Tech. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Marvell Tech compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Marvell Tech's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Marvell Tech's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/MRVL/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Marvell Tech analyst ratings.</a>
<h2>Unveiling the Story Behind Marvell Tech</h2>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
<h3>Financial Insights: Marvell Tech</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Marvell Tech faced challenges, resulting in a decline of approximately -5.07% in revenue growth as of 31 July, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -15.19%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -1.35%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Marvell Tech's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.95%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: Marvell Tech's debt-to-equity ratio is below the industry average. With a ratio of 0.31, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>How Are Analyst Ratings Determined?</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

MRVL

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