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

Obsidian Energy (AMEX:OBE) Azioni, Report sulle vendite allo scoperto

Obsidian Energy

Obsidian Energy Ltd is an intermediate-sized oil and gas producer with strategic assets in Alberta. It operates in a single reporting segment that is exploration, development, and holding an interest in oil and natural gas properties and related production infrastructure in the Western Canada Sedimentary Basin. The company generates the majority of the revenue from the Crude oil sale.

Obsidian Energy Ltd

OBERON URANIUM CORP by OBERON URANIUM CORP.

Oberon Uranium Corp

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is confronting a federal investigation that could reshape the technology industry&#8217;s competitive landscape, with regulators examining the company&#8217;s potentially anticompetitive practices in cloud computing and <a href="https://www.benzinga.com/24/11/41986592/microsoft-cloud-is-reportedly-ftc-lina-khans-next-target-investigation-centered-around-alleged-anticompetitive-behavior">artificial intelligence markets</a>.
What Happened: The U.S. Federal Trade Commission has initiated a broad investigative effort focusing on Microsoft&#8217;s licensing strategies and market conduct, particularly within its Azure cloud service ecosystem. Reuters report, which cited sources, reveals that the probe extends beyond traditional technological assessments, delving into intricate questions about market power and consumer choice.
The probe, approved by FTC Chair Lina Khan <a href="https://www.benzinga.com/24/11/41986592/microsoft-cloud-is-reportedly-ftc-lina-khans-next-target-investigation-centered-around-alleged-anticompetitive-behavior">before her anticipated departure</a>, centers on allegations that Microsoft is exploiting its market power to restrict customer mobility between cloud platforms.
Tech industry observers note the investigation represents a significant moment for Microsoft, traditionally viewed as more collaborative compared to other Big Tech entities. 
Microsoft did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
The investigation emerges against a backdrop of intensifying regulatory <a href="https://www.benzinga.com/tech/24/11/42086154/apple-to-argue-for-dismissal-of-doj-antitrust-case-over-alleged-us-smartphone-market-domination">scrutiny of Big Tech companies</a>. While firms like Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) have faced similar antitrust challenges, Microsoft has traditionally navigated these waters with greater apparent ease.
See Also: <a href="https://www.benzinga.com/24/11/42228090/bitcoin-ethereum-dogecoin-surge-as-traders-raise-risk-appetite-ahead-of-thanksgiving-analyst-says-eth-could-jump-to-highs-not-seen-since-late-2021">Bitcoin, Ethereum, Dogecoin Surge As Traders Raise Risk Appetite Ahead Of Thanksgiving: Analyst Sets Mid-Term Price Target For ETH At $6K</a>
What Happened: Regulatory challenges are emerging across multiple technological fronts, with NetChoice and other industry groups highlighting potential barriers that might prevent customers from seamlessly transitioning between cloud platforms. 
The timing of the probe adds complexity, occurring during a <a href="https://www.benzinga.com/news/24/11/41948486/biden-pledges-smooth-transition-to-trump-in-white-house-meeting">potential presidential transition</a> that could dramatically alter enforcement priorities. 
Price Action: Microsoft stock closed at $422.99 on Wednesday, down 1.17% for the day. In after-hours trading, the stock dipped further 0.24%. Year-to-date, Microsoft has gained 14.05%, according to <a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/11/42227958/mark-zuckerberg-and-trump-reportedly-met-at-mar-a-lago">Mark Zuckerberg And Trump Reportedly Met At Mar-A-Lago</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

News

Legal

Markets

AAPL

AMZN

MSFT

Lina Khan-Headed FTC Approves Probe Into Microsoft's Cloud And AI Practices Amid Antitrust Scrutiny: Report

Elon Musk's X, formerly Twitter, has filed an objection to the pending bankruptcy sale of Alex Jones&#8217;s Infowars accounts to the satirical news outlet The Onion.
What Happened: The objection was submitted on Monday as part of Jones's bankruptcy proceedings, over his false claims regarding the Sandy Hook Elementary School shooting.
His assets, including Infowars, are being sold off in the wake of a defamation lawsuit filed by the families of Sandy Hook victims, which led to a $1.5 billion verdict against him.
Musk's platform argued that its terms of service prevent the sale or transfer of Jones's X accounts without the company&#8217;s approval.
See Also: <a href="https://www.benzinga.com/24/11/42156013/bluesky-adds-millions-of-users-as-elon-musks-social-media-platform-faces-exodus-post-trump-win-here-are-a-few-starter-packs-to-help-you-get-going-on-latest-x-rival?itm_source=parsely-api">Bluesky Adds Millions Of Users As Elon Musk&#8217;s X Faces Exodus Post Trump Victory: Here Are A Few Starter Packs To Help You Level Up On The Platform</a>
While X does not oppose the sale of Infowars&#8217; content, it insists that it retains ownership of the accounts, which it says are not part of Jones&#8217;s assets in bankruptcy proceedings.&nbsp;
The bankruptcy judge is considering whether to approve the trustee&#8217;s selection of The Onion as the winning bidder for Infowars assets.
The Onion&#8217;s bid of $1.75 million in cash was chosen over First United American Companies (FUAC)&#8217;s $3.5 million offer, as it benefits Jones&#8217;s other creditors more.&nbsp;
FUAC has objected, alleging improper collusion. A hearing is set for next month to address the sale.
This development was first <a href="https://thehill.com/regulation/court-battles/5012284-elon-musk-x-alex-jones-infowars-sale-the-onion/">reported</a> by The Hill.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The objection from X comes amid a series of challenges for the platform. Earlier this month, it was reported that <a href="https://www.benzinga.com/news/24/11/41698648/elon-musks-x-reportedly-hit-with-new-wave-of-layoffs-engineering-department-faces-major-cuts-amid-un">X faced another wave of layoffs</a>, particularly impacting its engineering department.
<a href="https://www.benzinga.com/24/11/41872302/taylor-swift-fans-abandon-elon-musks-x-for-bluesky-how-trumps-election-victory-triggered-swifties-uprising">X has seen a shift in its user base</a>, with Taylor Swift fans reportedly migrating to Bluesky following Musk&#8217;s support for President-elect Donald Trump.
Despite these challenges, <a href="https://www.benzinga.com/general/social-media/24/11/42022443/ibm-disney-and-other-large-advertisers-return-to-elon-musks-x-after-a-year-long-boycott-we-super-appreciate">major advertisers</a> like IBM and Disney have returned to X after a year-long boycott, signaling a potential recovery in brand trust.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/42169194/joby-gets-toyotas-500m-dollar-lift-evtol-pioneer-making-new-highs?itm_source=parsely-api">Joby Gets Toyota&#8217;s $500M Dollar Lift: eVTOL Pioneer Making New Highs</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Social Media

Tech

Elon Musk's X Objects To Sale Of Infowars Accounts To The Onion, Claims Ownership Over Alex Jones's Social Media

Shares of Caballeta Bio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CABA#NASDAQ">CABA</a>) rose by 24.38% to $3.01 apiece on Wednesday and advanced by 4.65% to $3.15 per share in after-hours trading, following an update on their Systemic Sclerosis drug trial.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="282" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28004158/CANA-SHares-1024x282.png" alt="" class="wp-image-668671" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28004158/CANA-SHares-1024x282.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28004158/CANA-SHares-300x83.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28004158/CANA-SHares-768x212.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28004158/CANA-SHares-1536x423.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28004158/CANA-SHares.png 1746w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Also read: <a href="https://www.benzinga.com/general/market-summary/24/11/42212364/trumps-tariff-threat-to-canada-may-disrupt-oil-markets-inflate-prices-would-likely-raise-the-price-of-fuels-says-analyst">Trump&#8217;s Tariff Threat To Canada May Disrupt Oil Markets, Inflate Prices: &#8216;Would Likely Raise The Price Of Fuels,&#8217; Says Analyst</a>
What Happened: The company anticipates meeting the U.S. Food and Drug Administration in 2025 to discuss potential registrational trial designs, as per a statement by DelveInsight Business Research.
The report highlighted that Caballeta showcased positive clinical safety and efficacy data presented at the American College of Rheumatology Convergence 2024. The Systemic Sclerosis drug trial is ongoing with 16 patients with 10 patients dosed as of Nov. 12, 2024.
Why It Matters: The shares rose over the $3 per share mark for the first time on Wednesday in the last two weeks since Nov. 15. Also, the shares rose the most over 24% in a single day for the first time in two years since Dec. 14, 2022.
Cabaletta Bio is dedicated to developing engineered T-cell therapies to offer lasting, potentially curative treatments for autoimmune diseases. Their CABA platform includes both chimeric antigen receptor T cells and their proprietary chimeric autoantibody receptor T cells, designed to target autoimmune conditions.
Image via Unsplash
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/42186167/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them">Michael Saylor's MicroStrategy Convertible Notes To Buy Bitcoin Offer No Interest, So Why Are Investors Rushing To Buy Them?</a></li>
</ul>

CABA

Caballeta Bio Shares Surge The Most In 23 Months In A Single Day As It Unveils Plan To Meet FDA By 2025 For Systemic Sclerosis Drug Trial

Tesla and SpaceX CEO Elon Musk has announced that his artificial intelligence startup, xAI, will start an AI-driven game studio.&nbsp;
What Happened: On Wednesday, Musk responded to a user on X, formerly Twitter, who shared concern that some modern game studios prioritize profit over player engagement and creativity.
In response, Musk made the announcement challenging the dominance of large, corporate-owned game studios by focusing on creativity and innovation, and "make games great again."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Too many game studios that are owned by massive corporations. <a href="https://twitter.com/xai?ref_src=twsrc%5Etfw">@xAI</a> is going to start an AI game studio to make games great again! <a href="https://t.co/UR4nFODyfd">https://t.co/UR4nFODyfd</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1861801046949191686?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/startups/24/11/42217378/elon-musk-pushes-brain-implant-production-as-14-7-million-texas-facility-takes-shape">Elon Musk Pushes Brain Implant Production as $14.7 Million Texas Facility Takes Shape</a>
Musk has long expressed his love for video games, often sharing his thoughts on Twitter. His passion <a href="https://www.benzinga.com/markets/cryptocurrency/22/06/27881697/happy-birthday-elon-musk-52-facts-and-figures-about-tesla-and-spacex-ceo-on-his-52nd-birth">dates back to when, at 12</a>, he sold a game he developed for $500.
Over the years, <a href="https://www.benzinga.com/general/gaming/23/08/33610477/elon-musk-lover-of-video-games-has-praise-for-this-record-breaking-title-and-its-not-elden-ring">he's praised titles</a> like Elden Ring from Japanese studio FromSoftware and Diablo IV from Microsoft Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Blizzard.&nbsp;
According to his biography by Walter Isaacson, <a href="https://www.benzinga.com/general/23/10/35376565/elon-musks-intense-obsession-with-a-video-game-influenced-his-business-strategies-caused-fights-in-h">Musk was also a fan</a> of the strategy game Polytopia, where he once beat the game's creator, Felix Ekenstam. <a href="https://www.benzinga.com/general/gaming/24/07/39909430/cybertruck-hits-fortnite-rocket-league-elon-musks-vehicle-now-featured-in-games-backed-by-disney-r">Tesla's Cybertruck even debuted</a> in Fortnite and Rocket League, games from Epic Games and Psyonix, respectively.
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.
Several game studios are owned by large corporations: Activision Blizzard, now a subsidiary of Microsoft Gaming, has notable titles such as Call of Duty, World of Warcraft, Diablo, and Overwatch. The company was acquired by Microsoft in <a href="https://www.benzinga.com/government/24/05/38594937/microsofts-75b-acquisition-of-activision-cleared-of-insider-trading-concerns-by-sec">October 2023 for $75 billion</a>. In 2022, it <a href="https://companiesmarketcap.com/usd/activision-blizzard/revenue/#:~:text=According%20to%20Activision%20Blizzard's%20latest,were%20of%20%E2%82%B9655.29%20Billion.">reported</a> a revenue of $7.52 billion, a decline from $8.80 billion in 2021.
Another American video game company is Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>), known for its sports and actions with notable titles such as FIFA, Madden NFL, and The Sims.
Last month, EA announced <a href="https://www.benzinga.com/news/earnings/24/10/41622538/electronic-arts-q2-earnings-eps-beat-solid-bookings-footballs-1-billion-run-in-sight-more">second-quarter net revenues</a> of $2.025 billion, slightly below the expected $2.037 billion. However, their earnings per share (EPS) of $1.11 surpassed the forecasted $0.88.
Take-Two Interactive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) has titles like Grand Theft Auto and NBA 2K under its belt. It also has several successful labels including Rockstar Games and 2K.&nbsp;
Earlier this month, TTWO <a href="https://www.benzinga.com/news/earnings/24/11/41818430/take-two-earnings-show-gta-6-on-track-for-2025-ceo-vows-no-huge-release-overlap">reported another solid quarter</a>, driven by record performances from its key titles and growth in subscription services. The company's net bookings reached $1.47 billion, a slight increase from the previous year, while net revenue rose by 4% to $1.35 billion.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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<li><a href="https://www.benzinga.com/startups/24/11/42196530/too-many-mbas-running-companies-elon-musk-once-claimed-encouraging-more-time-on-creating-amazing-products">&#8216;Too Many MBAs Running Companies,&#8217; Elon Musk Once Claimed, Encouraging More Time On Creating &#8216;Amazing&#8217; Products</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.

Gaming

TTWO

Elon Musk's xAI Plans To 'Make Games Great Again' With AI-Driven Game Studio — Can His Vision Reshape A Gaming Industry Dominated By Large Corporations?

The cryptocurrency market embarked on a bullish run in 2024, with several coins netting exponential returns to their holders.
Meme coins, influenced by adorable characters and animals, have been at the forefront of this rally, with many of them soaring over 1000% since the beginning of the year.
What happened: Cat-themed cryptocurrency Popcat has been the best-performing cryptocurrency in 2024, exploding an eye-popping 16151% year-to-date.&nbsp;
The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based token entered the $1 billion club riding on the rally, the only feline-themed digital asset to hit such a milestone.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>YTD Gains +/-</td>
<td>Price (Recorded at 9:55 p.m. EDT)</td>
</tr>
<tr>
<td>Popcat (POP)</td>
<td>+16151.67%</td>
<td>$1.32</td>
</tr>
<tr>
<td>Peanut the Squirrel (CRYPTO: PNUT)</td>
<td>+2067.11%</td>
<td>$1.14</td>
</tr>
<tr>
<td>dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+1960.32%</td>
<td>$3.15</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>+1314.79%</td>
<td>$0.00001962</td>
</tr>
</tbody>
</table>
</figure>
Next on the list was Peanut the Squirrel, a meme coin inspired by the late animal of the same name, which has exploded to a $1 billion capitalization in less than a month from its launch.
PNUT has surged over 2000%, becoming one of the fastest entrants to the $1 billion club. It has benefitted from the strong sentiment following the death of "Peanut,&#8221; a viral pet squirrel, who was <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41705004/peanut-the-squirrel-themed-meme-coins-surge-amid-social-media-outrage-over-celebrity-anima">confiscated and euthanized</a> by authorities.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42155055/crypto-analyst-bitcoin-poised-to-skyrocket-to-180k-and-eventually-top-1m">Crypto Analyst: Bitcoin Poised To Skyrocket To $180K and &#8216;Eventually&#8217; Top $1M</a>
Another Solana-based cryptocurrency dogwifhat has surged 1960% year-to-date, leapfrogging into the top 5 meme coins by market capitalization list.
Meanwhile, Pepe swelled 1314% in 2024, becoming the most successful Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)-based meme coin of 2024.&nbsp;
Blue-chip currencies like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) have also multiplied returns this year, rising 360% and 149%, year-to-date.
The total meme coin market capitalization has expanded from $22.27 billion to $116.89 billion, a fivefold increase.
Photo by Igor Faun on Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42205579/jim-cramer-says-bitcoin-and-ethereum-deserve-a-spot-in-your-portfolio-as-hedge-against-rising-us-debt-ive-liked-crypto-for-a-very-long-time">Jim Cramer Says Bitcoin And Ethereum &#8216;Deserve A Spot In Your Portfolio&#8217; As Hedge Against Rising US Debt: &#8216;I&#8217;ve Liked Crypto For A Very Long Time&#8217;</a></li>
</ul>

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

Cryptocurrency

Movers

Trading Ideas

$DOGE

$ETH

$PEPE

$SHIB

$SOL

$WIF

Dogs, Cats And Frogs — Crypto's Wildest Winners In 2024: The Unexpected Tokens Turning Pocket Change Into Fortunes

Prominent investment analyst Gary Black of The Future Fund LLC has sparked a market discussion with a recent analysis comparing Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), highlighting critical differences in their earnings trajectory and valuation metrics.
What Happened: In a post on X, Black explained why Nvidia remains the fund&#8217;s top position while Tesla ranks fifth, focusing on the divergent paths of earnings estimates for both companies. He pointed out that Wall Street continues to raise earnings estimates for Nvidia while simultaneously reducing estimates for Tesla.
The analysis centers on the price-to-earnings-growth ratio, a key metric for investors. Black noted that Nvidia currently trades at 1.6x PEG, with a calendar year 2025 price-to-earnings ratio of 32x and a projected long-term earnings growth of 20%. 
In contrast, Tesla stands at 3.2x PEG, with a calendar year 2025 price-to-earnings ratio of 102x and a projected long-term earnings growth of 32%.
The <a href="https://www.benzinga.com/money/understanding-peg-ratio">price-to-earnings-growth ratio</a> is a key valuation metric that helps investors understand a stock&#8217;s true value by comparing its price-to-earnings (P/E) ratio to its expected earnings growth rate.
A lower PEG ratio, typically below 1.0, suggests a stock may be undervalued, indicating the company&#8217;s stock price is relatively cheap compared to its potential future earnings growth.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">For those wondering why <a href="https://twitter.com/search?q=%24NVDA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NVDA</a> is our #1 position and <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> #5 &#8211; look no further than these two respective earnings revisions charts. WS keeps raising NVDA's earnings ests, and reducing TSLA's earnings estimates. On PEG, NVDA is at 1.6x PEG (CY'25 P/E = 32x vs 20% long-term eps… <a href="https://t.co/Wt1E4wUYEJ">pic.twitter.com/Wt1E4wUYEJ</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1861852866623033576?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/24/11/42228090/bitcoin-ethereum-dogecoin-surge-as-traders-raise-risk-appetite-ahead-of-thanksgiving-analyst-says-eth-could-jump-to-highs-not-seen-since-late-2021">Bitcoin, Ethereum, Dogecoin Surge As Traders Raise Risk Appetite Ahead Of Thanksgiving: Analyst Sets Mid-Term Price Target For ETH At $6K</a>
Why It Matters: These metrics underscore the fund&#8217;s investment strategy, which Black has consistently defended as disciplined and data-driven. His recent posts have emphasized the importance of professional investment principles, particularly the strategy of <a href="https://www.benzinga.com/markets/equities/24/11/42156674/gary-black-defends-tesla-trim-at-351-no-one-ever-went-broke-by-taking-profits-amid-stocks-150-surge-since-april">buying low and selling high</a>.
The Future Fund&#8217;s performance demonstrates this approach, with the Future Fund Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFND#NYSE">FFND</a>) delivering a 28.30% year-to-date return that outpaces the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>). Black&#8217;s <a href="https://www.benzinga.com/markets/equities/24/11/42156674/gary-black-defends-tesla-trim-at-351-no-one-ever-went-broke-by-taking-profits-amid-stocks-150-surge-since-april">Tesla position has been particularly noteworthy</a>, with the fund&#8217;s average purchase price at $162 and average selling price at $252.
The market performance further illustrates the point: while Tesla has seen a 34% year-to-date gain, Nvidia has surged 180.96%, according to&nbsp;<a href="https://www.benzinga.com/pro/" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42227834/cathie-wood-buys-amazon-amd-stock-trims-palantir-block-holdings-amid-ai-and-bitcoin-euphoria">Cathie Wood Buys Amazon, AMD Stock — Trims Palantir, Block Holdings Amid AI And Bitcoin Euphoria</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

FFND

NVDA

TSLA

Nvidia Crushes Tesla In Stock Gains — Gary Black Explains Why The AI Chipmaker Occupies The No. 1 Position In Future Fund's Portfolio

Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) handsome rally on Wednesday infused life in its cheaper alternatives, causing them to outperform the marquee asset.
What happened: Ethereum Name Service soared over 45% to become the cryptocurrency market's biggest gainer in the last 24 hours.&nbsp;
The rally catapulted the token to price levels last seen in Jan. 2022, while its market capitalization hit $1 billion after nearly five months.&nbsp;
ENS saw a 520% jump in trading volumes, implying a sharp jump in buying pressure.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 9:55 p.m. EDT)</td>
</tr>
<tr>
<td>Ethereum Name Service (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ENS</a>)</td>
<td>+45.14%</td>
<td>$32.89</td>
</tr>
<tr>
<td>Ethereum Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>)</td>
<td>+12.21%</td>
<td>$31.89</td>
</tr>
</tbody>
</table>
</figure>
Ethereum Classic also racked up double-digit gains to hit a six-month high. Its trading volume more than doubled to $1.18 billion in the last 24 hours. 
The gains in these lesser-known coins follow<a href="https://www.benzinga.com/24/11/42228090/bitcoin-ethereum-dogecoin-surge-as-traders-raise-risk-appetite-ahead-of-thanksgiving-analyst-says-eth-could-jump-to-highs-not-seen-since-late-2021"> Ethereum's sharp upswing</a>, which caused the second-largest cryptocurrency to spike nearly 8%.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42155055/crypto-analyst-bitcoin-poised-to-skyrocket-to-180k-and-eventually-top-1m">Crypto Analyst: Bitcoin Poised To Skyrocket To $180K and &#8216;Eventually&#8217; Top $1M</a>
ENS and ETC are fundamentally different from Ethereum, but many retail investors see them as cheaper alternatives.&nbsp;
In the past too, positive news around Ethereum, such as the approval of <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39897831/why-are-ethereum-classic-and-ethereum-name-service-shooting-up-on-spot-eth-approval-day">spot exchange-traded funds (ETFs)</a>, resulted in steeper hikes for these cheaper plays.
Ethereum Classic was created as a hard fork of the original Ethereum chain back in 2016 over disagreements within the community following a hack. The new chain inherited the name Ethereum as we know it, while the original one functions as Ethereum Classic.
ENS, on the other hand, is a token associated with Ethereum Name Service, a decentralized naming system that converts complex, machine-readable names to ones easily understandable by humans.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42205579/jim-cramer-says-bitcoin-and-ethereum-deserve-a-spot-in-your-portfolio-as-hedge-against-rising-us-debt-ive-liked-crypto-for-a-very-long-time">Jim Cramer Says Bitcoin And Ethereum &#8216;Deserve A Spot In Your Portfolio&#8217; As Hedge Against Rising US Debt: &#8216;I&#8217;ve Liked Crypto For A Very Long Time&#8217;</a></li>
</ul>

$ENS

$ETC

Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?

Influential cryptocurrency analyst&nbsp;Willy Woo&nbsp;shared his perspective on the potential liquidation risk of&nbsp;MicroStrategy Incorporated&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), a firm whose aggressive Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) acquisition strategy has sparked significant interest lately.
What Happened:&nbsp;On Wednesday, Woo took to X to state that the primary risk lies in the company&#8217;s convertible debt offerings.
He said that if the buyers of the convertible debt&nbsp;do not convert to shares&nbsp;before maturity, MicroStrategy would be forced to sell Bitcoin to repay the debt holders.
Woo argued that this scenario would occur if MicroStrategy&#8217;s stock didn&#8217;t increase by roughly 40% within the next 5-7 years.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thoughts on MSTR Liquidation Risk: The only liquidation risk I can see is via their convertible debt offerings: 1) If convertible debt buyers do not convert to shares before maturity, it forces MSTR to sell BTC to reimburse debt holders. 2) This would happen if MSTR doesn&#39;t… <a href="https://t.co/GFIOeAqQPL">pic.twitter.com/GFIOeAqQPL</a>
&mdash; Willy Woo (@woonomic) <a href="https://twitter.com/woonomic/status/1861810991614545980?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The analyst also underlined several other risks of varying degrees. 
He argued that <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42179537/rumble-bets-on-bitcoin-with-new-treasury-strategy-ceo-calls-it-an-excellent-addition">other corporations replicating MicroStrategy&#8217;s playbook</a> could result in reducing its net asset value (NAV) premium—the ratio of the firm&#8217;s market value to its Bitcoin holdings value.
Furthermore, risks such as the SEC acting to limit future Bitcoin purchases and the U.S. government nationalizing and confiscating the asset were raised.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42225289/heres-how-much-100-invested-in-xrp-token-today-will-be-worth-if-crypto-returns-to-all-time-highs">Here&#8217;s How Much $100 Invested In XRP Token Today Will Be Worth If Crypto Returns To All-Time Highs</a>
Why It Matters:&nbsp;For the curious, a convertible note is a hybrid instrument that can be exchanged for equity in the company at a later date. The conversion feature of these notes eventually<a href="https://www.benzinga.com/markets/equities/24/11/42186167/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them"> helps the debt holders</a> to participate in the equity upside on conversion.
The Michael Saylor-led firm has been issuing these bonds at 0% interest,&nbsp;using the proceeds to fund its future Bitcoin purchases. 
Woo&#8217;s comments followed renowned investment adviser <a href="https://www.benzinga.com/24/11/42156261/are-microstrategys-shares-worth-only-105-investment-adviser-gary-black-weighs-in">Gary Black&#8217;s aspersions </a>on the valuation of MicroStrategy. 
Black estimated that MicroStrategy's&nbsp;shares should be worth about&nbsp;$105/share, a figure 73% lower than its current trading price.
Price Action: Over the past month, MicroStrategy&#8217;s stock has surged 58.94%, outperforming even the famed "Magnificent 7" group of companies. The stock popped 9.94% to $388.84 during Wednesday&#8217;s regular session.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/general/entertainment/24/11/42223923/trump-hhs-pick-robert-f-kennedy-jr-s-wealth-comes-from-family-law-practice-oil-bitcoin">Trump HHS Pick Robert F. Kennedy Jr.&#8217;s Wealth Comes From Family, Law Practice, Oil, Bitcoin</a></li>
</ul>

$BTC

MSTR

Crypto Analyst Flags Convertible Debt-Induced Liquidation Risk To Michael Saylor's MicroStrategy

U.S. stock markets experienced a downturn on Wednesday, with the Nasdaq Composite dropping over 110 points to 19,070.48, a decline of 0.6% over the day. The Dow decreased by 0.3% to 44,722.06, while the S&amp;P 500 fell 0.4% to 5,998.74. 
These are the top stocks that gained the attention of retail traders and investors throughout the day.
Symbotic Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>)
Symbotic&#8217;s stock plunged 35.86% to close at $24. The stock hit an intraday high of $25.47 and a low of $21.78, with a 52-week range of $59.82 to $17.11. The sharp decline followed the company&#8217;s announcement of a <a href="https://www.benzinga.com/24/11/42213634/symbotic-stock-plummets-26-after-delayed-filing-and-revenue-errors">delay in filing its Annual Report</a> on Form 10-K. The delay was attributed to the need for more time to assess revenue recognition errors and address internal control weaknesses.
Unusual Machines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMAC#NYSE">UMAC</a>)
See Also:&nbsp;<a href="https://www.benzinga.com/markets/commodities/24/11/42164230/amid-trumps-drill-baby-drill-pledge-strategist-predicts-us-oil-supply-will-see-marginal-increase-does-the-world-need-that-much-oil?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Trump&#8217;s &#8216;Drill Baby, Drill&#8217; Pledge, Strategist Predicts US Oil Supply Will See &#8216;Marginal&#8217; Increase:</a>
Unusual Machines saw its stock soar by 83.99% to $9.77, reaching an intraday high of $11.67 and a low of $7.19, with a 52-week high of $11.67 and a low of $0.98. The surge came after the company announced the <a href="https://www.benzinga.com/24/11/42215044/unusual-machines-appoints-donald-trump-jr-to-its-advisory-board-whats-going-on">appointment</a> of Donald Trump Jr. to its advisory board, a move aimed at bolstering its position in the drone industry.
VCI Global Ltd&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VCIG#NASDAQ">VCIG</a>)
VCI Global&#8217;s stock skyrocketed 125.27% to $4.10, with an intraday high of $7.74 and a low of $2.33, and a 52-week range of $179.83 to $1.38. The significant rise followed the announcement of a conditional $24 million <a href="https://www.benzinga.com/news/24/11/42218314/why-vci-global-vcig-stock-is-up-90-today">Letter of Award for a data center project</a> in Malaysia. The project, led by the subsidiary V-Gallant Sdn. Bhd., aims to position Malaysia as a top AI hub.
Pony AI Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>)
Pony AI&#8217;s shares fell 7.69% to $12, with an intraday high of $15.74 and a low of $11.95, matching its 52-week range. The decline came as the company announced the pricing of its <a href="https://www.benzinga.com/news/ipos/24/11/42228125/pony-ai-stock-falls-over-7-after-ipo-pricing-at-13-rebounds-nearly-3-in-after-hours">initial public offering</a> at $13 per ADS. The offering includes 20 million ADSs, with an option for underwriters to purchase an additional 3 million.
Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s stock dipped 1.58% to close at $332.89, with an intraday high of $342.55 and a low of $326.59, and a 52-week range of $361.92 to $138.8. The decline came as the company <a href="https://www.benzinga.com/markets/24/11/42207185/tesla-sweetens-referral-program-allowing-customers-to-earn-up-to-10000-as-elon-musks-ev-giant-races-to-500k-q4-delivery-target">revamped its referral program</a> in North America, offering enhanced discounts and rewards as it aims to meet its fourth-quarter delivery target of 515,000 vehicles.
Prepare for the day&#8217;s trading&nbsp;<a href="https://editorial.benzinga.com/wp-admin/Premarket%20Movers%20&amp;%20News">with top premarket movers and news</a>&nbsp;by Benzinga.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a></li>
</ul>
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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

PONY

UMAC

VCIG

Symbotic, Unusual Machines, VCI Global, Pony AI, Tesla: Why These 5 Stocks Are On Investors' Radars Today

Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) debuted on the Nasdaq Global Select Market today, pricing its initial public offering at $13 per ADS. The offering of 20 million ADSs, along with a 30-day underwriters&#8217; option for 3 million additional ADSs, aims to raise $260 million in gross proceeds.
What Happened: The IPO includes concurrent private placements totaling $153.4 million from strategic investors, bringing the combined gross proceeds to $413.4 million. If underwriters exercise their full option, proceeds could reach $452.4 million.
Pony AI ADRs opened trading at $13 but closed 7.69% lower at $12.00. However, after-hours trading saw a 2.75% rebound to $12.33, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. The offering is expected to close on Friday.
Goldman Sachs, Merrill Lynch, and Deutsche Bank are among the underwriters for the IPO. Pony AI specializes in autonomous driving solutions with operations spanning multiple continents.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/42227972/softbank-secures-bigger-openai-stake-with-1-5b-employee-share-buyout-report">SoftBank Secures Bigger OpenAI Stake With $1.5B Employee Share Buyout: Report</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Pony AI Stock Falls Over 7% After IPO Pricing At $13, Rebounds Nearly 3% In After Hours

Leading cryptocurrencies rallied ahead of Thanksgiving, shrugging off sell-offs in the stock market.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+4.49%</td>
<td>$96,156.90</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+9.94%</td>
<td>$3,652.83</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+4.81%</td>
<td>$0.4026</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin began to surge in the early morning hours, reaching an intraday peak of $97,357. The rally reversed the corrective action that halted the leading cryptocurrency&#8217;s march to $100,000.
Ethereum, the second-largest cryptocurrency, outshone its senior partner with nearly 10% gains over the last 24 hours. The uptick boosted its weekly returns to 17%, compared to Bitcoin&#8217;s 1.34%.
Over $261 million were liquidated in the past 24 hours, with downside bets accounting for $182 million in losses.
Speculative interest rose as Open Interest, or the money locked in unsettled derivatives contracts, increased 14.62% for Ethereum, and 2.95% for Bitcoin.
The number of traders taking long positions for Bitcoin surged against those taking downside bets, according to the Long/Shorts Ratio.
The "Extreme Greed" sentiment strengthened from 75 to 77 over the last 24 hours, according to the reading of the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:45 p.m. ET)</td>
</tr>
<tr>
<td>Ethereum Name Service (ENS)</td>
<td>+64.56%</td>
<td>$36.36</td>
</tr>
<tr>
<td>Uniswap (UNI)</td>
<td>+22.28%</td>
<td>$13.25</td>
</tr>
<tr>
<td>Ethena (ENA)</td>
<td>+20.16%</td>
<td>$0.719</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.34 trillion, following a jump of 4.18% in the last 24 hours.
Stock market investors locked in gains ahead of the Thanksgiving holiday. The Dow Jones Industrial Average reversed 138.25 points, or 0.31%, to close at 44,722.06. The S&amp;P 500 slid 0.38% to end at 5,998.74, while the tech-focused Nasdaq Composite pulled back 0.60% to close at 19,060.48.
In other news, the Personal Consumption Expenditures (PCE) price index, the Federal Reserve&#8217;s most reliable inflation measure, <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42216384/feds-favorite-inflation-gauge-heats-up-as-predicted-personal-incomes-soar-december-interest-rate-cut-in-doubt">increased in October</a> but met expert forecasts.
Traders priced in a 64.7% chance of a 0.25% rate cut in next month's FOMC meeting, up from 59.4% a day earlier, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according </a>to the CME FedWatch tool.
U.S. markets will remain shut on Thursday due to Thanksgiving.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Noted on-chain analytics firm CryptoQuant stated that Bitcoin's cycle was still far from the "Extreme Bull" phase, suggesting potential for further growth.
It added that price drawdowns would eventually follow, as history has shown, allowing players who missed jumping in earlier another shot.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is it too late to buy in? Bitcoin has surged 34% in November &#39;24, with the bull run in full swing. The CryptoQuant Cycle Indicator shows that Cycle Peak hasn&#39;t reached the Extreme Bull phase yet, indicating there&#39;s still potential for growth. How can you enter? A thread &#x1f447; <a href="https://t.co/DCIovZzuTI">pic.twitter.com/DCIovZzuTI</a>
&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1861873739639791786?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Widely-followed cryptocurrency analyst Ali Martinez issued $6,000 as a mid-term target for Ethereum while setting $10,000 as the long-term goal.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our mid-term target for <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> remains $6,000&#8230; Long-term target: $10,000! <a href="https://t.co/X4lodGGIVY">https://t.co/X4lodGGIVY</a> <a href="https://t.co/siQsJzelzE">pic.twitter.com/siQsJzelzE</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1861917671333216569?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another influential analyst, Rekt Capital, stated that Ether needs a weekly close above the $3,700 resistance to "new highs not seen since late 2021."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> Ethereum has revisited the ~$3700 resistance of its main market structure (light blue) Now needs a Weekly Close above this resistance to break out into macro trend continuation to new highs not seen since late 2021<a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw">#ETH</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://t.co/gt6w65hexJ">https://t.co/gt6w65hexJ</a> <a href="https://t.co/BE0E2LfW70">pic.twitter.com/BE0E2LfW70</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1861922836501110976?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42211674/bitcoin-at-93000-crash-or-pause-bullish-outlook-for-2025-says-10x-research">Bitcoin At $93,000—Crash Or Pause? &#8216;Bullish Outlook For 2025,&#8217; Says 10x Research</a></li>
</ul>

Bitcoin, Ethereum, Dogecoin Surge As Traders Raise Risk Appetite Ahead Of Thanksgiving: Analyst Sets Mid-Term Price Target For ETH At $6K

OpenAI enables employees to sell up to $1.5 billion worth of shares in a tender offer led by SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>). 
What Happened: The transaction, set to close by Dec 24, allows SoftBank to deepen its stake in the AI leader while offering liquidity to current and former employees, <a href="https://www.cnbc.com/2024/11/26/openai-gets-1point5-billion-investment-from-softbank-in-tender-offer.html">reported</a> CNBC, citing people familiar with the matter.
The deal, priced at $210 per share, aligns with OpenAI&#8217;s <a href="https://www.benzinga.com/news/24/10/41149788/openai-valuation-soars-to-157b-in-latest-funding-round">recent $157 billion valuation</a>. SoftBank CEO Masayoshi Son drove the move, following a $500 million investment in OpenAI's last funding round. This marks another step in Son's aggressive AI strategy, with SoftBank's Vision Fund 2 also backing startups like Glean and Perplexity.
OpenAI, backed by $13 billion in funding from investors including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), has emphasized the importance of such tender offers amid a dormant IPO market. 
This initiative reflects the company&#8217;s commitment to employee satisfaction and continued capital-raising to sustain its growth in the <a href="https://www.benzinga.com/startups/24/10/41312615/investors-pour-billions-into-openai-whats-driving-this-unprecedented-surge-in-funding">competitive generative AI market</a>.
SoftBank and OpenAI did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42227693/blackrock-set-to-acquire-private-credit-manager-hps-for-12b-report">BlackRock Set To Acquire Private Credit Manager HPS For $12B: Report</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Startups

SFTBF

SFTBY

SoftBank Secures Bigger OpenAI Stake With $1.5B Employee Share Buyout: Report

Mark Zuckerberg, CEO of Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), reportedly met with President-elect Donald Trump on Wednesday.
What Happened: The meeting took place at Trump's Mar-a-Lago resort in Florida, but specific details remain undisclosed, <a href="https://www.nytimes.com/live/2024/11/27/us/trump-news?smid=url-share#981f2720-c62f-5720-873f-81e07a6c31c8">reported</a> the New York Times, citing two people briefed on the meeting.
Earlier this year, Trump had threatened legal action against Zuckerberg if elected. He has also accused the Meta CEO of plotting against him while appearing friendly during visits to the Oval Office.
See Also: <a href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details?itm_source=parsely-api">Dell Technologies Shares Drop After Q3 Revenue Misses Estimates: Details</a>
However, <a href="https://www.benzinga.com/news/24/09/40785288/did-mark-zuckerberg-really-say-no-way-i-can-vote-for-a-democrat-in-this-election-to-trump">Zuckerberg praised his resilience</a> following an assassination attempt in July. Later, Trump said that Zuckerberg expressed support for him over Democrats, a <a href="https://www.benzinga.com/news/24/09/40785288/did-mark-zuckerberg-really-say-no-way-i-can-vote-for-a-democrat-in-this-election-to-trump">statement Meta denied</a>.
The Meta CEO is not alone in visiting Mar-a-Lago. Tesla and SpaceX CEO Elon Musk, who <a href="https://www.benzinga.com/markets/24/11/41866189/elon-musk-joined-trumps-call-with-zelenskyy">supported Trump&#8217;s campaign</a>, also spent time at the resort following the election. 
Meta did not immediately respond to Benzinga&#8217;s request for comments.
Why It Matters: Historically, Zuckerberg and Trump have met multiple times, including a reported secret dinner with billionaire Peter Thiel in 2019.
Facebook had suspended Trump&#8217;s account after the Capitol insurrection. Meta reinstated his accounts in 2023.
Following Trump's election victory, <a href="https://www.benzinga.com/news/24/11/41796344/tim-cook-mark-zuckerberg-and-jeff-bezos-congratulate-trump-whats-next-for-the-tech-giants">Zuckerberg congratulated him</a> while expressing optimism about future collaborations. Meta's share price soared on Nov. 7, 2024, reaching $591.70, two days after Election Day.
Price Action: Meta&#8217;s stock declined by 0.76% on Wednesday, ending the day at $569.20, but edged up by 0.11% in after-hours trading. Year-to-date, Meta shares have climbed 64.37%, significantly outpacing the Nasdaq 100 index&#8217;s 25.39% gain over the same period, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data</a>.
Photos courtesy: Flickr and Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/24/11/42208148/russian-hackers-launch-widespread-cyber-assault-using-firefox-and-windows-zero-days-what-you-need-to-know-about-the-romcom-exploit?itm_source=parsely-api">Russian Hackers Launch Widespread Cyber Assault Using Firefox And Windows Zero-Days: What You Need To Know About The RomCom Exploit</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Politics

Media

Mark Zuckerberg And Trump Reportedly Met At Mar-A-Lago

On Wednesday, Cathie Wood-led Ark Invest made some notable trades. The most prominent among these were in Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), and Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>).
The Amazon Trade
Ark Invest bought 82,735 shares in Amazon.com Inc. through ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>). This move comes in the wake of Amazon&#8217;s recent <a href="https://www.benzinga.com/24/11/42176396/amazon-anthropic">$8 billion investment</a> in artificial intelligence research and development company, Anthropic. As part of the investment, Anthropic named Amazon Web Services as its primary training partner and cloud provider. The investment is expected to be mutually beneficial. Based on the closing price of $205.74, the value of the trade is approximately $17.02 million.
The AMD Trade
Ark Invest also purchased 127,363 shares of Advanced Micro Devices Inc. through ARKK and ARKX. Despite the company&#8217;s <a href="https://www.benzinga.com/24/11/42193158/amds-downward-spiral-is-a-reversal-on-the-horizon-or-just-a-blip">recent struggles</a>, Ark Invest seems to see potential in the tech giant. The value of the trade, calculated from the closing price of $136.24, is approximately $17.35 million. AMD stock at $142.68 faces bearish momentum, trading below key moving averages. A slight bullish signal from the 8-day SMA contrasts with weak RSI and MACD indicators. Market share gains offer hope, but sustainability remains uncertain.
The Palantir Trade
Ark Invest sold 100,804 shares of Palantir Technologies Inc. through ARKK. Despite the sale, it&#8217;s worth noting that Wedbush analyst Dan Ives <a href="https://www.benzinga.com/markets/24/11/42179988/dan-ives-defends-75-palantir-target-amid-ai-revolution-and-revenue-surge-haters-will-continue-to-hate">recently reaffirmed</a> his $75 price target on Palantir, citing strong growth potential amid the AI revolution. The value of the trade, based on the closing price of $66.05, is approximately $6.66 million.
The SQ Trade
See Also: <a href="https://www.benzinga.com/24/11/42156817/tesla-rivian-settle-battery-tech-theft-dispute-after-nearly-4-years?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft</a>
Ark Invest sold shares of Block Inc., formerly known as Square Inc. The value of the trade, calculated from the closing price of $88.78, is approximately $9.82 million. Ark invested in the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-focused firm through ARKK. Ark Invest shared Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122886/cathie-woods-3-8-million-bitcoin-vision-met-with-doubt-83-say-not-by-2030">price targets</a> for 2030, ranging from $258,500 (bear case) to $3.8 million (bull case), based on corporate adoption. A Benzinga poll revealed only 17% believe the $3.8 million target is achievable by 2030, with many seeing it as unlikely or delayed. Wood emphasized regulatory clarity and institutional demand as key drivers for Bitcoin&#8217;s future growth.
Other Key Trades:
<ul>
<li>Ark Invest sold shares of Butterfly Network Inc (BFLY) and Repare Therapeutics Inc (RPTX).</li>
<li>Ark Invest bought shares of Pacific Biosciences of California Inc. (PACB) and Illumina Inc. (ILMN).</li>
<li>Ark Invest sold shares of Roblox Corp (RBLX). The firm bought shares of Pinterest Inc (PINS).</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42206056/bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-analyst-anticipates-strong-buyback-pressure-to-follow-sell-pressure?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Tumble As &#8216;Diamond Hands&#8217; Lock In Gains: Top Analyst Anticipates BTC Rebound</a></li>
</ul>
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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ARKK

ARKX

PLTR

Cathie Wood Buys Amazon, AMD Stock — Trims Palantir, Block Holdings Amid AI And Bitcoin Euphoria

BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), the world's largest asset manager with $11.5 trillion in assets, is finalizing a deal to acquire HPS Investment Partners, a prominent private credit firm managing nearly $150 billion.
What Happened: The acquisition, expected to be announced after Thanksgiving, the Financial Times reported citing four people familiar with the matter, could be valued at around $12 billion, surpassing HPS's earlier estimated IPO valuation of $10 billion.
Founded by former Goldman Sachs executive Scott Kapnick, HPS has grown into a major player in private credit, benefiting from traditional banks retreating due to stricter post-crisis regulations.
This move aligns with BlackRock's strategy to expand its alternative assets business, a high-fee segment gaining prominence. The firm recently completed a $12.5 billion deal for Global Infrastructure Partners and agreed to acquire Preqin for £2.55 billion.
If finalized, this acquisition will position BlackRock ahead of competitors like Ares and Blackstone in the burgeoning private credit market. Neither BlackRock nor HPS has commented on the
BlackRock did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Read Next: 
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<li><a href="https://www.benzinga.com/news/retail-sales/24/11/42225933/black-friday-cyber-monday-shopping-set-to-break-sales-records">Black Friday, Cyber Monday Shopping Set To Break Sales Records</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

BlackRock Set To Acquire Private Credit Manager HPS For $12B: Report

Soundhound AI (SOUN) has been soaring lately with news of voice AI integration, but a recent <a href="https://www.benzinga.com/insights/short-sellers/24/11/42165886/how-is-the-market-feeling-about-soundhound-ai?adt_ei=%7b%7bemail%7d%7d">Benzinga article</a> on highlights the steep rise in short interest – a whopping 24% of all regular shares are shorted and this would take more than three days of normal trading volume to cover.
This means that SOUN is a target for a short squeeze. Why? Because short sellers will have to buy the stock to cover their positions, and this will push prices even higher. So, how might we position for upside here with the limited risk?
Why, the butterfly trade, of course!
Trade structure – the long call butterfly trade
The long call butterfly is a combination of a long call spread, and a short call spread where the short strikes are shared. Here's the trade:
<ul>
<li>Buy to open 1 SOUN 17 Jan 8 calls</li>
<li>Sell to open 2 SOUN 17 Jan 12 calls</li>
<li>Buy to open 1 SOUN 17 Jan 15 calls</li>
</ul>
[<a href="https://www.benzinga.com/pro/checkout/black-friday-24/?utm_source=WebRD-1128">Black Friday Week: Save 60% on Benzinga Pro—The Market's Ultimate Trading Suite</a>]
The total cost of this spread is currently 0.46 at this writing and it is also the maximum risk in the position. There is one caveat here – the distance between the strikes will make this a winning trade even if the stock moves well above $15. Here's why:
In a standard long butterfly spread, the distance between the middles strikes and the outer strikes are the same. This means that if the stock moves dramatically higher when holding the long call butterfly, the entire position would be a loss if held into the expiration date.
This butterfly, however is different.
The spread between the 8 and 12 strikes is $4, while the spread between the 12 and 15 strikes is $3 &#8211; leaving an extra $1 to collect even if prices expand north.
The total potential profit if the price of the stock does not breach $12 would be calculated this way: $12-8 = $4 (distance between the strikes) minus how much we paid for it 0.46 = $3.54 less commissions.
Potentially 600%!
That said, if the prices stay steady, this option position will gradually erode to zero, so manage your risk according to that understanding.
Trade Management
SOUN's relative resistance zone is right around $7.80 (where it sits now) The relative support is near $4.20.
The strategy result provides only two choices to exit the trade:
<ol>
<li>To sell the call butterfly when it is performing at your target parameters. I like the 200%-300% profit range.</li>
<li>To sell the call butterfly when it hits the short strike or hits the loss threshold that is desirable for you. Again, I like the 50% stop here.</li>
</ol>

Elevate your trading game with the market&#8217;s most powerful suite of tools, featuring breaking news, expert insights, and real-time alerts. <a href="https://www.benzinga.com/pro/checkout/black-friday-24/?utm_source=WebRD-1128">Don't miss the Black Friday Week deal—60% off Benzinga Pro!</a>

Opinion

The Perfect Trade For This AI "Short Squeeze"

President-elect Donald Trump said he has had a &#8220;wonderful conversation&#8221; with Mexico&#8217;s President, Claudia Sheinbaum, aimed at curbing migration and drug inflow into the United States.
What Happened: On Wednesday, Trump shared on Truth Social about a productive conversation he had with Sheinbaum. The Mexican President has reportedly agreed to halt migration through Mexico into the United States, effectively securing the Southern Border. The leaders also discussed strategies to curb the massive drug inflow into the U.S. and the country&#8217;s consumption of these drugs.
Trump said, &#8220;She has agreed to stop Migration through Mexico, and into the United States, effectively closing our Southern Border. We also talked about what can be done to stop the massive drug inflow into the United States, and also, U.S. consumption of these drugs. It was a very productive conversation!&#8221;
Trump lauded this agreement as a significant step towards halting the &#8220;illegal invasion&#8221; of the U.S. and expressed his gratitude towards Sheinbaum.
He said, &#8220;Mexico will stop people from going to our Southern Border, effective immediately.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/general/education/24/11/42204590/trump-department-of-homeland-security-pick-kristi-noem-owns-ranch-invests-in-energy-gets-book-royalties?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Department Of Homeland Security Pick Kristi Noem Owns Ranch, Invests In Energy, Gets Book Royalties</a>
Why It Matters: This announcement comes in the backdrop of Trump&#8217;s earlier plans to <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">impose a 25% tariff</a> on all products from Mexico and Canada. Trump had described the situation at the borders as an &#8220;invasion&#8221; and linked it to rising crime and drug levels.
Sheinbaum had previously responded to Trump&#8217;s tariff threats by <a href="https://www.benzinga.com/markets/cannabis/24/11/42225423/mexico-president-claudia-sheinbaum-to-trump-neither-threats-nor-tariffs-will-solve-your-fentanyl-crisis">emphasizing cooperation</a> over confrontation. She stated that &#8220;neither threats nor tariffs&#8221; would solve the migration or drug abuse issues in the U.S.
The proposed tariffs had also escalated trade tensions between the U.S. and Mexico, causing the Mexican peso to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42219612/usmexico-trade-tensions-escalate-as-mexican-peso-hits-august-2022-lows-why-is-auto-industry-most-at-risk">weaken significantly</a>.
Image via Shutterstock
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Trump Praises 'Wonderful Conversation' With Mexican President Sheinbaum: 'She Has Agreed To Stop Migration'

DBVT

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

SLXN

Earnings

Birks Group Mid-Year FY25 EPS C$(0.16) Down From C$(0.08) YoY, Sales C$80.12M Down From C$87.82M YoY

The oil market is experiencing continuous growth thanks to the delayed OPEC+ production increases, lower interest rates supporting economic activities, and strong demand. Therefore, it could be wise to invest in top oil stocks Schlumberger (SLB), VAALCO Energy (EGY) and Obsidian Energy (OBE), which have significant upside potential. Read on... Rising economic and geopolitical issues and increasing oil inventory withdrawals have spurred oil price volatility across major parts of the world. Amid this, oil prices are spiking to record highs, and the stream is likely to continue in the future, booming the prospects of the oil and gas market.
Given the industry's resilient outlook, investors could consider buying fundamentally sound oil and gas stocks: Schlumberger Limited (<a href="https://stocknews.com/stock/SLB/">SLB</a>), VAALCO Energy, Inc. (<a href="https://stocknews.com/stock/EGY/">EGY</a>), and Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>) with major upside potential.
The central bank's Federal Open Market Committee recently lowered its key overnight <a href="https://www.cnbc.com/2024/09/18/fed-cuts-rates-september-2024-.html">borrowing rate by a half percentage point</a>, or 50 basis points, amid signs of moderating inflation. Lower interest rates are likely to boost economic activities, as observed in the past, and can potentially result in increased demand for oil.
Meanwhile, ongoing withdrawals from global oil inventories are likely to push prices at higher levels. Oil withdrawals out of the inventories are expected to increase during the fourth quarter of 2024 as OPEC+ announced a delay in production increases until December, which were set to commence in October. <a href="https://www.eia.gov/outlooks/steo/">Brent crude oil spot price</a> is expected to average $82/b in the fourth quarter and $84/b in 2025.
Last week, the oil prices rose and marked their biggest weekly gains over a year amid the rising threat of a region-wide war in the Middle East. <a href="https://www.reuters.com/markets/commodities/oil-edges-up-middle-east-conflict-supply-outlook-limits-gains-2024-10-04/">Brent crude futures rose 43 cents</a>, or 0.6%, to total $78.05 per barrel, while U.S. West Texas Intermediate crude futures gained 67 cents, or 0.9%, to settle at $74.38 per barrel.
Besides, amid rising energy demands, the global energy as a service (EaaS) market is projected to grow to $208.20 million by 2032, exhibiting growth at a <a href="https://www.fortunebusinessinsights.com/industry-reports/energy-as-a-service-market-101204">CAGR of 11.7%</a>.
Given the industry's robust outlook, investing in fundamentally strong oil stocks SLB, EGY, and OBE could be wise.
Let's discuss the fundamentals of these stocks in detail:
Schlumberger Limited (<a href="https://stocknews.com/stock/SLB/">SLB</a>)
SLB is engaged in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital &amp; Integration, Reservoir Performance, Well Construction, and Production Systems. It provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems.
On September 30, SLB, ADNOC Drilling Company, and Patterson-UTI entered into an agreement to create Turnwell Industries LLC OPC, a joint venture (JV). The JV is focused on the acceleration of UAE's unconventional oil and gas program, with an initial 144 wells scheduled for completion by the end of 2025.
The joint venture will enable the three companies to leverage leading innovations in AI, smart drilling design, and completion of engineering and production solutions.
On September 19, SLB and NVIDIA partnered to develop generative AI solutions for the energy industry. The strategic collaboration accelerates the development and deployment of industry-specific generative AI foundation models across SLB's global platforms, including its Delfi&#x2122; digital platform and Lumi&#x2122; data and AI platform, by leveraging NVIDIA NeMo&#x2122;.
Also, on September 17, SLB launched the Lumi&#x2122; data and AI platform, which integrates advanced artificial intelligence (AI) capabilities, including generative AI with workflows across the energy value chain. The new platform accelerates advanced data and AI capabilities for the company's customers across the energy industry.
For the second quarter that ended June 30, 2024, SLB's revenue grew 12.8% from the year-ago value to $9.14 billion. The company's income before taxes rose 9.9% year-over-year to $1.42 billion. Net income attributable to SLB and EPS amounted to $1.11 billion and $0.77, up 7.6% and 6.9% from the prior year's quarter, respectively.
Furthermore, the company's <a href="https://www.investopedia.com/terms/e/ebitda.asp">adjusted EBITDA</a> rose 16.6% year-over-year to $2.29 billion.
Street expects SLB's revenue and EPS for the third quarter (ended September 2024) to increase 12.4% and 14.3% year-over-year to $9.34 billion and $0.89, respectively. Furthermore, the company surpassed the consensus EPS estimates in all of the trailing four quarters.
SLB's stock has gained 7.9% over the past month to close the last trading session at $45.46. Its 12-month price target of $65.39 reflects a <a href="https://www.tipranks.com/stocks/slb/forecast">43.84% potential upside</a>.
SLB's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Growth. SLB is ranked #25 among 50 stocks in the <a href="https://stocknews.com/category/energy-services/">Energy – Services</a> industry.
<a href="https://stocknews.com/stock/SLB/">Click here</a> to access additional SLB ratings for Sentiment, Momentum, Quality, Value, and Stability.
VAALCO Energy, Inc. (<a href="https://stocknews.com/stock/EGY/">EGY</a>)
EGY is an independent energy company that engages in acquiring, developing, and producing crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds a 58.8% interest in Etame commercial production.
On August 6, EGY declared a quarterly cash dividend of $0.06 per share of common stock for the third quarter of 2024, paid on September 20, 2024, to stockholders of record at the close of business on August 23, 2024. EGY pays an annual dividend of $0.25, which translates to a yield of 3.96% at the current share price. Its four-year average dividend yield is 2.22%.
On May 29, EGY announced the successful drilling campaign results. The company drilled, completed, and brought into production four wells in Canada, which were 2.75-mile lateral development wells. The company anticipated strong initial production rates of about 500 barrels of oil per day (BOPD) for three of the four wells, with nearly 350 BOPD production for the fourth well.
For the second quarter that ended on June 30, 2024, EGY's total net revenue increased 6.9% year-over-year to $116.78 million. Its income before income taxes rose 104.2% from the year-ago value to $37.45 million. The company's net income came in at $28.15 million and $0.27 per share, reflecting growths of 316.9% and 350% year-over-year, respectively.
In addition, the company's adjusted EBITDAX of $72.47 million indicates an increase of 11% from the prior year's quarter.
Street expects EGY's revenue for the third quarter (ended September 2024) to increase 25.5% year-over-year to $145.89 million. The company's EPS for the same period is expected to grow 200% year-over-year to $0.18. Moreover, it has topped the consensus EPS estimates in three of the trailing four quarters.
EGY's stock has surged 7.9% over the past month and 61.6% over the past year to close the last trading session at $6.32. Wall Street analysts expect the stock to hit $9.40 in the near term, indicating a potential <a href="https://www.tipranks.com/stocks/egy/forecast">upside of 48.73%</a>.
EGY's sound fundamentals are reflected in its POWR Ratings. The stock has an overall rating of B, translating to a Buy in our proprietary rating system.
The stock has a B grade for Value, Quality, and Sentiment. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry, EGY is ranked #5 out of 78 stocks.
In addition to the POWR Ratings I've just highlighted, you can see EGY's ratings for Momentum, Growth, and Stability <a href="https://stocknews.com/stock/EGY/">here</a>.
Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>)
Headquartered in Calgary, Canada, OBE is engaged in the exploration, production, and development of oil and natural gas properties in Western Canada.
On September 30, OBE updated its 2024 guidance, including ongoing strong second-half 2024 drilling results, which exceeded the company's initial expectations. The company increased its 2024 production guidance range from 37,000 to 37,400 boe/d (midpoint of 37,200 boe/d).
On June 27, OBE acquired approximately 1,700 boe/d (100 percent oil) of Clearwater production and 148 net sections of land in the Peace River area. The acquisition, along with other smaller acquisitions made in 2024, brought the company's holdings to over 680 net sections of land with Clearwater and Bluesky heavy oil rights.
The strategic acquisition allows OBE further upside and optionality within its Peace River operating area.
OBE's total production increased 15.2% year-over-year to 35,773 boe/d during the second quarter that ended June 30, 2024. The company's net income stood at CAD 37.10 million ($27.32 million) and CAD 0.46 per share, up 101.6% and 109.1% from the previous year's quarter, respectively. In addition, the company's free cash flow increased 20.9% year-over-year to CAD 52 million ($38.30 million).
Analysts expect OBE's revenue for the fiscal year (ending December 2024) to increase 13.5% year-over-year to $606.34 million, and its EPS is expected to grow 20.9% year-over-year to $1.15 in the same year.
The stock has soared 1.1% over the past month to close the last trading session at $6.22. Its 12-month price target of $11.05 reflects a <a href="https://www.tipranks.com/stocks/obe/forecast">77.65% potential upside</a>.
OBE's promising outlook is reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Value. Within the Energy – Oil &amp; Gas industry, OBE is ranked #7 out of 78 stocks.
<a href="https://stocknews.com/stock/OBE/">Click here</a> to access additional ratings of OBE for Growth, Momentum, Sentiment, Quality, and Stability.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
SLB shares were trading at $45.63 per share on Monday afternoon, up $0.17 (+0.37%). Year-to-date, SLB has declined -10.67%, versus a 21.17% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/slb-egy-obe-3-oil-stocks-that-still-have-major-upside-potential/>3 Oil Stocks That Still Have Major Upside Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Oil Stocks That Still Have Major Upside Potential

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Heightened tensions in the Middle East have ignited a surge in oil prices, casting a spotlight on the energy sector and amplifying its allure. Hence, fundamentally sound energy stocks Sabine Royalty (SBR), Obsidian Energy (OBE), and Energy Transfer (ET), each boasting formidable growth potential, might emerge as opportune buys for investors seeking resilience and upside in today's market. Read on... While the ongoing conflict between Hamas and Israel has raised concerns about potential supply chain disruptions, both the Organization of Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) maintain a confident outlook. In light of this situation, we present quality energy stocks, Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>), Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>), and Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>),  that are well-positioned for strong growth as oil prices surge.
As tensions intensify across the Middle East, energy markets are keenly attuned to the surging oil prices, which have experienced a <a href="https://www.bbc.com/news/articles/cgry10924jqo">noteworthy increase</a> of nearly by the start of October, reaching approximately $78 per barrel.
OPEC forecasts <a href="https://www.cnbc.com/2024/09/24/opec-is-bullish-on-long-term-oil-demand-growth-not-everyone-agrees.html">a 24% increase</a> in global energy demand between 2024 and 2050, anticipating robust medium-term growth in oil consumption, which is projected to reach 112.3 million barrels per day by 2029. Similarly, the IEA anticipates a global demand for natural gas to <a href="https://www.iea.org/news/natural-gas-demand-growth-picks-up-in-2024-amid-uncertainties-over-supply">rise by more than 2.5%</a> in 2024, with similar growth projected for 2025.
With these trends in focus, let's examine the fundamentals of three <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> stocks, starting with #3.
Stock #3: Sabine Royalty Trust (<a href="https://stocknews.com/stock/SBR/">SBR</a>)
SBR holds royalty and mineral interests in various oil and gas production properties in the United States. Its royalty and mineral interests include landowner's royalties, overriding royalty interests, minerals, production payments, and other similar non-participatory interests in certain producing and proved undeveloped oil and gas properties.
On October 4, SBR announced a monthly cash distribution to the holders of its units of beneficial interest of $0.435840 per unit, payable on October 29, 2024. It pays an annual <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend </a>of $5.23 per unit, which translates to a yield of 8.57% on the current share price. Its four-year average dividend yield is 8.95%. The company's dividend payouts have grown at a CAGR of 32.3% over the past three years.
Over the past three years, SBR's revenue and EBITDA have grown at CAGRs of 34.8% and 36.9%, respectively.
For the fiscal second quarter that ended June 30, 2024, SBR's royalty income increased 29.7% year-over-year to $22.61 million, while its distributable income increased 32.2% year-over-year to $22.08 million. In addition, its distributable income per unit increased 31.3% year-over-year to $1.51.
The stock climbed 8.9% year-to-date to close the last trading session at $61.02.
SBR's bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, equating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has a B grade for Growth, Sentiment, and Quality. SBR is ranked #9 out of 78 stocks in the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry.
Click <a href="https://stocknews.com/stock/SBR/">here</a> to access all SBR ratings (Value, Momentum, and Stability).
Stock #2: Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>)
Headquartered in Calgary, Canada, OBE is engaged in the exploration, production, and development of oil and natural gas properties in Western Canada.
Over the past three years, OBE's revenue and EBITDA have grown at CAGRs of 22.2% and 37.6%, respectively.
OBE's total production increased 20.6% year-over-year to 39,714 boe/d during the fiscal third quarter that ended September 30, 2024. The company's net income stood at CAD 33.20 million ($23.85 million) and CAD 0.42 per share, up 33.9% and 40% from the previous year's quarter, respectively.
Analysts expect OBE's revenue for the fiscal year (ending December 2024) to increase 12.6% year-over-year to $601.86 million, and its EPS is expected to grow 42% year-over-year to $1.35 in the same year.
Shares of OBE have gained marginally over the past year and 1.8% over the past month to close the last trading session at $5.67.
OBE's promising outlook is reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Growth, Value, and Sentiment. Within the same industry, OBE is ranked #4.
Access additional OBE ratings for Momentum, Quality, and Stability <a href="https://stocknews.com/stock/OBE/">here</a>.
Stock #3: Energy Transfer LP (<a href="https://stocknews.com/stock/ET/">ET</a>)
ET operates natural gas transportation pipelines and storage facilities in Texas and Oklahoma, managing around 20,090 miles of interstate pipelines. The company's strategic network extends across 44 states, connecting key assets in U.S. production basins.
On October 28, ET announced an increase in its quarterly cash distribution to $0.3225 per Energy Transfer common unit ($1.29 on an annualized basis) for the third quarter ended September 30, 2024. This cash distribution per Energy Transfer common unit will be paid on November 19, 2024, which represents a rise of 3.2% compared to the third quarter of 2023.
Over the past three years, OBE's revenue and net income have grown at CAGRs of 17.1% and 5.8%, respectively.
In the fiscal second quarter that ended June 30, 2024, ET's revenues increased 13.1% year-over-year to $20.73 billion. Its operating income grew 25.2% from the year-ago value to $2.30 billion. Additionally, ET's net income came in at $1.99 billion, or $0.35, per share, increasing 61.6% and 40% year-over-year.
Analysts expect ET's EPS and revenue for the quarter ended September 30, 2024, to increase 131.2% and 4.1% year-over-year to $0.35 and $21.59 billion, respectively.
Over the past year, the stock has gained 24.6% to close the last trading session at $16.48. It soared 18.7% year-to-date.
ET's POWR Ratings reflect its robust fundamentals. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
ET has an A grade for Growth and a B for Value, Momentum, Stability, and Sentiment. Within the same industry, it is ranked #2.
To see ET's ratings for Quality, <a href="https://stocknews.com/stock/ET/">click here</a>.
What To Do Next?
43 year investment veteran, Steve Reitmeister, has just released his 2024 market outlook along with trading plan and top 11 picks for the year ahead.
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ET shares were trading at $16.50 per share on Friday morning, up $0.02 (+0.12%). Year-to-date, ET has gained 27.20%, versus a 22.03% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Kritika Sarmah</h2> <img src='https:/wp-content/uploads/2022/08/Kritika-Sarmah_Image-3.jpg' style="float:left; padding:5px;width:125px;">Her interest in risky instruments and passion for writing made Kritika an analyst and financial journalist. She earned her bachelor's degree in commerce and is currently pursuing the CFA program. With her fundamental approach, she aims to help investors identify untapped investment opportunities.<a href="https://stocknews.com/authors/?author=kritika-sarmah">More...</a>The post <a href=https://stocknews.com/news/et-sbr-obe-3-energy-stocks-poised-for-strong-growth-as-oil-prices/>3 Energy Stocks Poised for Strong Growth as Oil Prices Surge</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Energy Stocks Poised for Strong Growth as Oil Prices Surge

Due to the growing demand for oil and gas, the development of new technologies, and expanding drilling activities, the energy industry is poised for continued growth. Therefore, it could be wise to buy small-cap energy stocks Precision Drilling (PDS), VAALCO Energy (EGY), and Obsidian Energy (OBE), having significant upside potential. Read on... Consistent withdrawals from global oil inventories owing to OPEC+ production cuts, increasing geopolitical risks, and supply disruptions are likely to push the oil prices higher in 2024, and the rally will continue through 2025. This presents a prosperous opportunity for investors seeking to invest in the energy market.
Against this backdrop, investors could consider investing in solid small-cap energy stocks such as Precision Drilling Corporation (<a href="https://stocknews.com/stock/PDS/">PDS</a>), VAALCO Energy, Inc. (<a href="https://stocknews.com/stock/EGY/">EGY</a>), and Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>) with major upside potential.
According to the <a href="https://www.iea.org/reports/oil-market-report-november-2024">IEA Oil Market Report</a>, world oil demand is expected to grow by 920 kb/d in 2024 and by one mb/d in 2025, reaching 102.8 mb/d and 103.8 mb/d, respectively. Also, the global oil supply reflected growth by 290 kb/d in October to 102.9 mb/d. The growth was the result of the return of Libyan barrels to the market, which also offset lower Kazakh and Iranian supplies.
In October, the Brent crude oil spot price averaged $76 per barrel (b), $2/b above the average in September, which was an outcome of market concerns over Israeli response to Iran's missile attack on Iran's oil infrastructure, which could have hindered its ability to produce or market oil.
The ongoing withdrawals from global oil inventories <a href="https://www.eia.gov/outlooks/steo/report/global_oil.php">stemming from OPEC+ production cuts</a> and the potential for further geopolitical tensions are likely to push oil prices through the first quarter of 2025. Also, in its short-term energy outlook, EIA projected that the Brent price will surge from $72/b on November 11 to an average of $78/b during the first quarter of 2025.
Besides, the rising demand for natural gas and oil is projected to propel the growth of the offshore drilling market in the future. The offshore drilling market is poised to expand at a <a href="https://www.openpr.com/news/3722785/offshore-drilling-global-market-2024-major-drivers-analysis#:~:text=According%20to%20The%20Business%20Research,(CAGR)%20of%208.2%25.">CAGR of 8.4%</a>, reaching a market value of $46.27 billion in 2028.
Amid this, small-cap energy stocks present significant potential for investors. Investors can scoop up the shares of these stocks at a relatively lower price and benefit exponentially over the long term. Therefore, investing in fundamentally solid small-cap energy stocks like PDS, EGY, and OBE could be wise.
Let's discuss the fundamentals of these stocks in detail:
Precision Drilling Corporation (<a href="https://stocknews.com/stock/PDS/">PDS</a>)
Headquartered in Calgary, Canada, PDS is a drilling company that provides onshore drilling, completion, and production services to exploration and production companies in the oil, natural gas, and geothermal industries in North America and the Middle East. It operates in Contract Drilling Services and Completion and Production Services segments.
In terms of forward non-GAAP P/E, PDS is trading at 9.46x, 23.4% lower than the industry average of 12.34x. Likewise, the stock's forward EV/EBITDA multiple of 3.75 is 39.7% lower than the industry average of 6.22. Also, its forward Price/Cash Flow of 2.65x is 54.1% lower than the industry average of 5.76x.
For the third quarter that ended September 30, 2024, PDS' revenue grew 6.8% from the year-ago value to $477.15 million. The company's earnings before income taxes rose 91.6% year-over-year to $53.06 million. Its net earnings amounted to $39.18 million and $2.31 per share, up 98% and 59.3% from the prior year's quarter, respectively.
Furthermore, the company's <a href="https://www.investopedia.com/terms/e/ebitda.asp">adjusted EBITDA</a> rose 24.3% year-over-year to $142.42 million.
Street expects PDS' revenue and EPS for the fiscal year (ending December 2025) to increase 3.4% and 14.1% year-over-year to $1.44 billion and $7.51, respectively. Furthermore, the company surpassed the consensus revenue and EPS estimates in three of the trailing four quarters.
PDS' stock has gained 2.3% over the past month and 5.8% over the past year to close the last trading session at $62.30. Its 12-month price target of $88.45 reflects a <a href="https://www.tipranks.com/stocks/pds/forecast">42% potential upside</a>.
PDS' bright prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Quality and Value. PDS has topped among the 13 stocks in the <a href="https://stocknews.com/category/energy-drilling/">Energy - Drilling</a> industry.
<a href="https://stocknews.com/stock/PDS/">Click here</a> to access additional PDS ratings for Sentiment, Momentum, Growth, and Stability.
VAALCO Energy, Inc. (<a href="https://stocknews.com/stock/EGY/">EGY</a>)
EGY is an independent energy company engaged in acquiring, developing, and producing crude oil, natural gas, and natural gas liquids in Gabon, Egypt, Equatorial Guinea, and Canada. The company holds a 58.8% interest in Etame commercial production.
On November 11, EGY declared its quarterly cash dividend of $0.0625 per share of common stock for the fourth quarter of 2024, payable on December 20, 2024, to stockholders of record at the close of business on November 22, 2024. EGY pays an annual dividend of $0.25, which translates to a yield of 4.75% at the current share price. Its four-year average dividend yield is 2.35%.
On May 29, EGY announced the successful drilling campaign results. It drilled, completed, and brought into production four wells in Canada, which were 2.75-mile lateral development wells. The company anticipated strong initial production rates of over 500 barrels of oil per day (BOPD) in three of the four wells, with nearly 350 BOPD production for the fourth well.
For the third quarter that ended on September 30, 2024, EGY's total net revenue increased 20.7% year-over-year to $140.33 million. Its operating income rose 24% from the year-ago value to $44.08 million. The company's net income came in at $10.99 million and $0.10 per share, reflecting growths of 79% and 66.7% year-over-year, respectively.
In addition, the company's adjusted EBITDAX of $92.76 million indicates an increase of 30% from the prior year's quarter.
Street expects EGY's revenue for the first quarter (ending March 2025) to increase 21.2% year-over-year to $121.34 million. The company's EPS for the same quarter is expected to grow 42.9% year-over-year to $0.10. Moreover, it has topped the consensus EPS and revenue estimates in three of the trailing four quarters.
EGY's stock has surged 25.8% over the past year to close the last trading session at $5.26. Wall Street analysts expect the stock to reach $9.13 in the near term, indicating a potential <a href="https://www.tipranks.com/stocks/egy/forecast">upside of 73.6%</a>.
EGY's sound fundamentals are reflected in its POWR Ratings. The stock has an A grade for Quality and a B grade for Value. Within the <a href="https://stocknews.com/category/energy-oil-gas/">Energy – Oil &amp; Gas</a> industry, EGY is ranked #19 out of 76 stocks.
In addition to the POWR Ratings I've just highlighted, you can see EGY's Momentum, Growth, Sentiment, and Stability ratings <a href="https://stocknews.com/stock/EGY/">here</a>.
Obsidian Energy Ltd. (<a href="https://stocknews.com/stock/OBE/">OBE</a>)
Headquartered in Calgary, Canada, OBE engages in exploring, producing, and developing oil and natural gas properties in Western Canada.
On September 30, OBE revised its 2024 guidance, including the ongoing strong second-half 2024 drilling results, which continue to exceed the company's initial expectations. The company raised its 2024 production guidance to the range of 37,000 to 37,400 boe/d (midpoint of 37,200 boe/d).
OBE's total production rose 20.6% from the year-ago value to 39,714 boe/d during the third quarter that ended September 30, 2024. The company's net income of CAD 33.20 million ($23.56 million) or CAD 0.42 per share indicates increases of 33.9% and 40% from the previous year's quarter, respectively.
Furthermore, the company's funds flow from operations increased 26.1% year-over-year to CAD 124.70 million ($88.49 million).
Analysts expect OBE's revenue for the fiscal year (ending December 2025) to increase 8.8% year-over-year to $621.51 million, and its EPS is expected to grow 17.5% year-over-year to $4.59 for the same year.
The stock has declined 6.5% over the past month to close the last trading session at $5.49. Its 12-month price target of $10.40 reflects an <a href="https://www.tipranks.com/stocks/obe/forecast">89.4% potential upside</a>.
OBE's promising outlook is reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Value and Growth. Within the Energy – Oil &amp; Gas industry, OBE is ranked #9 out of 76 stocks.
<a href="https://stocknews.com/stock/OBE/">Click here</a> to access additional ratings of OBE for Momentum, Sentiment, Quality, and Stability.
What To Do Next?
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<hr />
PDS shares were trading at $63.14 per share on Monday afternoon, up $0.84 (+1.35%). Year-to-date, PDS has gained 16.30%, versus a 24.87% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/pds-egy-obe-3-small-cap-energy-stocks-with-major-upside-potential/>3 Small-Cap Energy Stocks With Major Upside Potential</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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