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

Perma-Pipe Inlt Hldgs (NASDAQ:PPIH) Azioni, Catena delle Opzioni

Perma-Pipe Inlt Hldgs

Perma-Pipe International Holdings Inc is engaged in the manufacture and sale of products in the reportable segment of Piping Systems. The company engineers, designs, manufactures and sells specialty piping systems and leak detection systems. Specialty piping systems include insulated and jacketed district heating and cooling piping systems for efficient energy distribution from central energy plants to multiple locations, primary and secondary containment piping systems for transporting chemicals, hazardous fluids and petroleum products, and the coating and insulation of oil and gas gathering and transmission pipelines. It operates in the United States, Canada, Middle East, Europe, India and other countries.

Perma-Pipe International Holdings, Inc. - Common Stock

Perma-Pipe International Holdings Inc

Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google is facing an antitrust lawsuit in Canada.
What Happened: As per a statement issued on Thursday, Canada&#8217;s Competition Bureau is taking legal action against Google for alleged anti-competitive behavior in online advertising.
The Bureau has lodged an application with the Competition Tribunal, seeking an order that mandates Google to sell two of its ad tech tools.
See Also: <a href="https://www.benzinga.com/24/11/42156596/netflix-co-founder-marc-randolph-reveals-why-true-wealth-isnt-about-lamborghinis-or-1000-wines-but-the-freedom-to-choose-meaningful-living?itm_source=parsely-api">Netflix Co-Founder Marc Randolph Reveals Why True Wealth Isn&#8217;t About Lamborghinis Or $1,000 Wines But The Freedom To Live Meaningfully</a>
It is also seeking a penalty to encourage compliance with Canada&#8217;s competition laws.
In response to the complaint, Google told Reuters that it &#8220;ignores the intense competition where ad buyers and sellers have plenty of choice.&#8221;
Why It Matters: This lawsuit comes on the heels of a <a href="https://www.benzinga.com/24/11/42167449/google-doj-set-to-present-closing-arguments-in-adtech-trial">similar case in the U.S.</a>, where the Justice Department tried to prove Google&#8217;s monopolization of markets for publisher ad servers and advertiser ad networks.
Google has defended its business decisions and argued that the online advertising market is robust and competitive.
Earlier in the month, the <a href="https://www.benzinga.com/government/regulations/24/11/42143421/staggering-google-breakup-proposal-from-doj-a-kitchen-sink-moment-alphabet-analyst">U.S. Department of Justice</a> also proposed a breakup of Google to curb its search engine dominance.
Google described the proposed remedies as "staggering" and analysts referred to the sweeping remedies as a &#8220;kitchen sink moment.&#8221;
Price Action: On Wednesday, Alphabet&#8217;s Class A shares ended the regular session 0.06% higher at $169.23 and the company&#8217;s Class C shares rose 0.1% higher at $170.82, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Image via 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.

News

Legal

Tech

GOOG

GOOGL

Google Hit With Groundbreaking Antitrust Lawsuit In Canada Over Ad Tech Tools

A trader won a fortune betting on a cryptocurrency inspired by a viral internet meme, which is now worth more than $500 million in market capitalization.
What Happened:&nbsp;On-chain tracking platform&nbsp;Lookonchain&nbsp;took to X Wednesday, highlighting the extraordinary trade of Just a chill guy (CHILLGUY) token.
The trader turned a mere $160 into a staggering $6.14 million in just 12 days, marking a 38,399X return on investment.
The trader purchased 12.5 million CHILLGUY tokens on Pump.fun, a Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based meme coin launching pad, for 0.75 SOL, equivalent to $160. Subsequently, they sold 2.8 million CHILLGUY for 149 SOL, worth $35,400.
The trader still has 9.62 million tokens in their coffers, valued at $6.1 million, resulting in a total profit of $6.14 million.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Turned $160 into $6.14M, ​​a 38,399x return! 12 days ago, this trader spent only 0.75 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($160) to buy 12.5M $CHILLGUY on <a href="https://t.co/DrKlYnPPqY">https://t.co/DrKlYnPPqY</a>, and then sold 2.8M $CHILLGUY for 149 <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a>($35.4K). <a href="https://twitter.com/hashtag/CHILLGUY?src=hash&amp;ref_src=twsrc%5Etfw">#CHILLGUY</a> The trader still holds 9.62M $CHILLGUY($6.1M), with a total profit of… <a href="https://t.co/a5tPaB3KpT">pic.twitter.com/a5tPaB3KpT</a>
&mdash; Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1861689820671811947?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42237876/peter-schiff-predicts-microstrategys-bankruptcy-due-to-bitcoin-investment-strategy">Peter Schiff Calls MicroStrategy A &#8216;Great Short&#8217; And Issues A Grim Warning: &#8216;It Can Only End In Bankruptcy&#8217;</a>
The huge windfall planted doubts in the minds of some observers, who called the trader an insider. Since their sale, the price of the token has plummeted as much as 21%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">he is an insider
&mdash; Crypto Spotter (@CryptoSpotter05) <a href="https://twitter.com/CryptoSpotter05/status/1861698096448807396?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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Schemes like pump-and-dumps have been fairly common in the cryptocurrency market, where a person or group starts to artificially inflate the price. Once unsuspecting investors are lured in and the price is sufficiently "pumped," the holders start dumping their assets at profits.
That said, there was nothing concrete to suggest that the same transpired in the aforementioned case. 
The meme coin, based on the &#8220;Chill Guy&#8221; meme, featuring a dog in a sweater and jeans with a smirk, has quickly grown into a half-billion-dollar market capitalization asset. 
Over the last week, the token has jumped over 46% as cryptocurrency traders continue to turn internet memes and trends into money-making possibilities.
The token has a circulating supply of 999.7 million, while its volume-to-market cap ratio stood at 31.08% as of this writing.
Price Action: At the time of writing, CHILLGUY was exchanging hands at $0.5186, down 5.09% in the last 24 hours, <a href="https://coinmarketcap.com/currencies/just-a-chill-guy/">according </a>to CoinMarketCap. Its trading volume plunged by 47% to $156 million in the last 24 hours. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42235119/ethereum-outperformed-bitcoin-this-week-as-key-indicators-shift-report">Ethereum Outperformed Bitcoin This Week As Key Indicators Shift: Report</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

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

Cryptocurrency

Markets

$SOL

Trader Turns $160 Into $6M In Just 12 Days With 'Chill Guy' Meme Coin But Insider Trader Concerns Arise

U.S. regulators approved the nation&#8217;s first 24-hour stock exchange on Wednesday, marking a significant shift in American securities trading as retail investors increasingly demand round-the-clock market access.
What Happened: The Securities and Exchange Commission granted approval to 24 Exchange, backed by Steve Cohen&#8216;s Point72 Ventures, following the startup&#8217;s second application attempt. 
The approval comes amid growing momentum for extended trading hours, with Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) recently announcing plans to <a href="https://www.benzinga.com/fintech/24/10/41627496/schwab-expands-24-hour-trading-to-include-all-stocks-in-s-p-500-nasdaq-100-hundreds-of-etfs">expand 24-hour trading access</a> to all S&amp;P 500 and Nasdaq-100 stocks by 2025.
The exchange will launch in two phases, beginning with regular trading hours before expanding to overnight sessions between Sunday and Friday. A one-hour operational pause will occur during each trading day to accommodate routine software upgrades and functionality testing. 
This development follows Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) offering 24-hour trading of more than 1,000 tickers and NYSE parent Intercontinental Exchange Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ICE#NYSE">ICE</a>) filing to extend NYSE Arca trading to 22 hours daily.
Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42237636/bitcoin-ethereum-dogecoin-simmer-down-on-thanksgiving-analyst-sees-significant-shift-from-btc-season-to-alt-season">Bitcoin, Ethereum, Dogecoin Simmer Down On Thanksgiving: Analyst Sees &#8216;Significant Shift&#8217; From BTC Season To Alt Season</a>
Why It Matters: &#8220;Traders are most at-risk when the market is closed in their geographic location,&#8221; said Dmitri Galinov, CEO and founder of 24X. &#8220;We will seek to alleviate this problem by facilitating around-the-clock U.S. equities trading.&#8221;
The approval represents a significant evolution from traditional stock trading hours, bringing equity markets closer to the continuous trading seen in cryptocurrencies and foreign exchange markets. 
The move comes after 24 Exchange&#8217;s strategic pivot from cryptocurrency trading in 2023 when it discontinued its spot crypto product amid regulatory pressures and declining interest <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32981451/steve-cohen-backed-24-exchange-pulls-the-plug-on-spot-crypto-trading-as-regulatory-pressur">following the FTX collapse</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/42237909/joby-aviations-electric-air-taxi-takes-flight-in-microsoft-simulator-after-analyst-sees-3b-revenue-opportunity">Joby&#8217;s Electric Air Taxi Lands In Microsoft Flight Simulator 2024, Here&#8217;s How You Can Fly It</a></li>
</ul>
Image Via Shutterstock 
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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Equities

HOOD

SCHW

SEC Approves America's First 24-Hour Stock Exchange — What It Means For You

Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) has integrated its electric air taxi into Microsoft Flight Simulator 2024, allowing aviation enthusiasts worldwide to experience the future of urban air mobility. 
What Happened: The company&#8217;s aircraft, capable of speeds up to 200 mph with zero operating emissions, is now available in the latest edition of the popular simulation game.
JoeBen Bevirt, Joby&#8217;s Founder and CEO, emphasized the significance of making their aircraft accessible to a broader audience: &#8220;We&#8217;re incredibly excited to share our revolutionary aircraft with aviation enthusiasts of all ages and backgrounds, giving everyone an opportunity to experience the intuitive and effortless controls we have designed.&#8221;
The aircraft&#8217;s implementation in the simulator is the result of extensive collaboration with Microsoft to accurately replicate its dimensions, flight physics, and unique &#8220;unified flight controls&#8221; system, similar to those used in the F-35B Joint Strike Fighter.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Joby electric air taxi is available to fly in Microsoft Flight Simulator 2024, so we put together an overview of how to fly the aircraft using one of our planned service routes as an example: JFK Airport to Downtown Manhattan (JRB). In this video, Joby software engineer and… <a href="https://t.co/ic9l642P2o">pic.twitter.com/ic9l642P2o</a>
&mdash; Joby Aviation (@jobyaviation) <a href="https://twitter.com/jobyaviation/status/1861811572793893097?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/24/11/42237670/meta-tiktok-snapchat-could-face-32m-fines-as-australia-enforces-social-media-ban-for-under-16s-while-exempting-youtube">Meta, TikTok, Snapchat Could Face $32M Fines As Australia Enforces Social Media Ban For Under-16s</a>
Why It Matters: This development comes as Needham analyst Chris Pierce initiated coverage on Joby with a Buy rating and an $8 price target. 
Pierce highlights the company&#8217;s strong market position, bolstered by its 2020 acquisition of Uber Elevate and the development of its ElevateOS platform. The analyst projects a $3 billion early-stage global air taxi revenue opportunity, with operations expected to begin in the UAE by 2025 and <a href="https://www.benzinga.com/24/11/42079908/nvidia-microstrategy-apollo-global-management-joby-aviation-and-tesla-why-these-5-stocks-are-on-investors-radars-today">U.S. regulatory approval anticipated for 2026</a>.
Joby&#8217;s strategy includes partnering with CAE to develop advanced flight simulation training devices for pilot certification. The company&#8217;s vertically integrated approach to manufacturing is expected to reduce aircraft costs and strengthen its competitive position in the <a href="https://www.benzinga.com/24/11/42071065/analyst-says-faa-support-uber-partnership-push-joby-aviation-toward-air-taxi-leadership">emerging air taxi market</a>.
The aircraft, designed to transport four passengers and a pilot, represents an advancement in urban air mobility, offering reduced noise compared to traditional helicopters while maintaining high-speed transportation capabilities. 
Investors can gain exposure to Joby through ETFs including WisdomTree Trust WisdomTree Battery Value Chain and Innovation Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/WBAT#BATS">WBAT</a>) and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>).
Price Action: Joby Aviation stock closed at $8.00 on Wednesday, up 1.27% for the day. In after-hours trading, the stock rose an additional 0.50%. Year to date, Joby Aviation&#8217;s stock has surged 29.45%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/42237636/bitcoin-ethereum-dogecoin-simmer-down-on-thanksgiving-analyst-sees-significant-shift-from-btc-season-to-alt-season">Bitcoin, Ethereum, Dogecoin Simmer Down On Thanksgiving: Analyst Sees &#8216;Significant Shift&#8217; From BTC Season To Alt Season</a></li>
</ul>
Image via Joby Aviation
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.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Global

ARKX

JOBY

WBAT

Joby's Electric Air Taxi Lands In Microsoft Flight Simulator 2024, Here's How You Can Fly It

Big tech CEOs of Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) have shared messages of gratitude with their followers as they celebrated Thanksgiving 2024.
What Happened: On Thursday, Apple CEO Tim Cook took to X, formerly Twitter, and expressed his thanks while highlighting the importance of health, prosperity, and the possibilities ahead.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thanksgiving is about giving thanks for each other with the hope for health and prosperity. This year I&#39;m giving thanks for the many possibilities ahead and the people in my life—including our team at Apple, our users, and all those dedicated to making the world a better place.
&mdash; Tim Cook (@tim_cook) <a href="https://twitter.com/tim_cook/status/1862104161384575450?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
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Last month, Apple announced <a href="https://www.benzinga.com/news/earnings/24/10/41666494/apple-q4-earnings-revenue-beat-eps-beat-installed-base-hits-new-highs-iphone-sales-rise-as-apple-in">fiscal fourth-quarter revenue </a>of $94.9 billion, surpassing analyst expectations of $94.56 billion. This marked the seventh consecutive quarter that Apple has exceeded analyst estimates for both revenue and earnings, according to <a href="http://pro.benzinga.com/">Benzinga Pro</a>.
See Also: <a href="https://www.benzinga.com/tech/24/11/42233241/jensen-huang-says-he-doesnt-love-every-day-of-his-job-heres-how-the-nvidia-boss-created-a-company-worth-over-3-trillion-today">Jensen Huang Says He Doesn&#8217;t &#8216;Love&#8217; Every Day Of His Job. Here&#8217;s How The Nvidia Boss Created A Company Worth Over $3 Trillion Today</a>
Alphabet CEO Sundar Pichai shared a simple yet heartfelt message, appreciating his family, friends, users, and colleagues worldwide.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Happy Thanksgiving! Grateful to spend time with family and friends, and for our users, partners, and Googlers around the world:)
&mdash; Sundar Pichai (@sundarpichai) <a href="https://twitter.com/sundarpichai/status/1862236073382093065?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
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In October, Alphabet also posted its <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">third-quarter revenue</a> of $88.27 billion, reflecting a 15% increase compared to the previous year. The results exceeded the consensus estimate of $86.31 billion from analysts.
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.
Tesla and SpaceX CEO, who also owns X and xAI, Elon Musk, offered a brief but warm Thanksgiving greeting.&nbsp;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&#x1f1fa;&#x1f1f8;&#x1f1fa;&#x1f1f8; Happy Thanksgiving! &#x1f1fa;&#x1f1f8;&#x1f1fa;&#x1f1f8;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1862143540912132102?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
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Musk's Tesla reported <a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs">third-quarter revenue</a> of $25.18 billion, marking an 8% year-over-year increase. However, the figure fell short of the Street consensus estimate of $25.37 billion.
Meanwhile, AMD CEO Lisa Su posted an image with a turkey and thanked her extended AMD family, friends, and fans.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Wishing everyone a very Happy Thanksgiving!!! I'm very thankful to our amazing <a href="https://twitter.com/AMD?ref_src=twsrc%5Etfw">@AMD</a> extended family, friends, and fans. Looking forward to all we will do together. &#x2764;&#xFE0F; <a href="https://t.co/eo7LWnz90Z">pic.twitter.com/eo7LWnz90Z</a>
&mdash; Lisa Su (@LisaSu) <a href="https://twitter.com/LisaSu/status/1862256282129859049?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
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AMD posted <a href="https://www.benzinga.com/news/earnings/24/10/41612007/amd-q3-earnings-revenue-beat-eps-in-line-data-center-up-122-significant-growth-opportunities-ahead-">third-quarter revenue</a> of $6.8 billion, surpassing analyst expectations of $6.71 billion.
Photo Courtesy: Claudio Schwarz on Unsplash
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/11/42179729/as-nvidia-maintains-chip-supremacy-jim-cramer-says-the-so-called-enemies-of-semiconductor-giant-arent-really-enemies" target="_blank" rel="noreferrer noopener">As Nvidia Maintains Chip Supremacy, Jim Cramer Says Foes Of Semiconductor Giant ‘Aren&#8217;t Really Enemies&#8217;</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

TSLA

What Do Tim Cook, Sundar Pichai, Elon Musk, And Lisa Su Have In Common This Thanksgiving? Heartwarming Gratitude, Unexpected Humor, And A Turkey Or Two

Influential economist and market strategist&nbsp;Peter Schiff&nbsp;said shorting MicroStrategy Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock was a good idea, as he predicted potential bankruptcy for the company.
What Happened: During an interview with Kitco News that aired Thursday, Schiff called MicroStrategy a &#8220;great short&#8221; if one&#8217;s got the staying power, though he denied himself taking such a position.
&#8220;If&nbsp;you understand the dynamics of&nbsp;how this works, I mean&nbsp;you see that it can&nbsp;only end in the bankruptcy&nbsp;of MicroStrategy,&#8221; the Bitcoin critic made a bold prediction.
Making his argument, Schiff said that the company&#8217;s commitment to repay a large sum of money to c<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">onvertible note holders</a> could be a potential risk&nbsp;if the price of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the asset it holds on its books,&nbsp;drops.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Bitcoin Strategic Reserve: Selling Gold for Bitcoin Is ‘Worst Monetary Mistake' US Can Make &#x7C; Schiff" width="500" height="281" src="https://www.youtube.com/embed/QRfn1h_3VYU?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42235015/chris-burniske-dismisses-supercycle-narrative-a-collective-delusion">Bitcoin &#8216;Supercycle&#8217; Narrative Is A &#8216;Collective Delusion,&#8217; Influential Crypto Venture Capitalist Says</a>
He stated that the bondholders are under the &#8220;false belief&#8221; that they have exposure to Bitcoin with no downside risk and would simply receive their money back in the worst-case situation of bankruptcy.
&#8220;Well, the problem is MicroStrategy is promising to&nbsp;pay so many&nbsp;people back so much money&nbsp;that it won&#8217;t&nbsp;be able to do it&nbsp;if the price of Bitcoin&nbsp;goes down because it doesn&#8217;t&nbsp;have the money because it&nbsp;wasted it on Bitcoin,&#8221; Schiff said. 
He predicted that the only way to repay the debt would be by selling Bitcoin.
&#8220;But as the biggest buyer and biggest owner, if it becomes the biggest seller, what happens to the price of Bitcoin? It crashes. So I think the only way this is going to end is in bankruptcy,&#8221; Schiff emphasized.
Why It Matters: Schiff&#8217;s remarks come in the wake of recent concerns raised about&nbsp;MicroStrategy and its Bitcoin investment strategy. 
Cryptocurrency analyst Willy Woo had previously flagged the potential liquidation risk of MicroStrategy due to its convertible debt offerings. He said that if the buyers of the convertible debt do not convert to shares before maturity, <a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">MicroStrategy would be forced to sell Bitcoin</a> to repay the debt holders.
Additionally, investment adviser Gary Black questioned MicroStrategy&#8217;s valuation, suggesting that the company&#8217;s stock was <a href="https://www.benzinga.com/24/11/42156261/are-microstrategys-shares-worth-only-105-investment-adviser-gary-black-weighs-in">significantly overpriced</a>.&nbsp;
MicroStrategy's aggressive Bitcoin acquisition strategy has been the subject of intense media coverage in recent weeks. Last week, it outshone major companies on Wall Street <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42102652/michael-saylors-microstrategy-takes-wall-street-by-storm-becomes-second-most-traded-stock-after-nvidia">to emerge as the second-most traded stock</a> on a trading day.
Price Action: Since the beginning of November, MicroStrategy's stock has surged 69%. The company&#8217;s shares closed 9.94% higher at $388.84 on Wednesday.
Photo Courtesy: Wikimedia Commons
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$BTC

MSTR

Peter Schiff Calls MicroStrategy A 'Great Short' And Issues A Grim Warning: 'It Can Only End In Bankruptcy'

Australia has passed a <a href="https://www.benzinga.com/news/24/09/40784803/after-feud-with-elon-musk-and-mark-zuckerberg-australian-pm-anthony-albanese-set-to-ban-social-media">law banning social media</a> access for children under 16, enforcing strict penalties on Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), ByteDance-owned TikTok, and Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>).
What Happened: The <a href="https://www.benzinga.com/news/24/09/40784803/after-feud-with-elon-musk-and-mark-zuckerberg-australian-pm-anthony-albanese-set-to-ban-social-media">Social Media Minimum Age Bill</a>, approved on Thursday, prohibits minors under 16 from accessing platforms such as X, formerly Twitter, Instagram, Facebook, TikTok, and Snapchat.
Violations could result in fines of up to $32 million (AUD 49.5 million), reported Reuters.
YouTube, a subsidiary of Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, has been exempted from this ban as it is widely used in schools.
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>
In their statements to the report, spokespersons for Meta and Snap expressed concerns about the legislation.
They also promised to comply with the laws while engaging closely with the government during the 12-month implementation period.&nbsp;
Snapchat, Google, Met, and TikTok did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga's</a> request for comments.
The law will undergo a trial implementation phase starting January 2025, with full enforcement expected in 2026.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The legislation has sparked a national debate. Some proponents cite the need to combat the <a href="https://www.benzinga.com/government/24/05/38751844/australia-calls-for-inquiry-into-metas-facebook-elon-musks-x-tiktok-to-make-these-platforms-accounta">negative mental health impacts</a> of social media on young people.
Critics, however, argue it may infringe on young users&#8217; rights, privacy, and access to online support networks.
The ban also follows a series of events that began with Australia&#8217;s Prime Minister Anthony Albanese&#8217;s feud with tech leaders like Elon Musk and Mark Zuckerberg.
Earlier in June, Musk's X prevailed in a <a href="https://www.benzinga.com/news/24/06/39184541/elon-musk-says-freedom-of-speech-is-worth-fighting-for-after-australia-drops-legal-battle-against-x">legal dispute with the Australian government</a> over its attempt to have footage of a church stabbing in Sydney removed.
During the same month, Meta also warned that it could restrict news content in Australia if <a href="https://www.benzinga.com/markets/equities/24/06/39542628/mark-zuckerbergs-meta-warns-it-may-block-news-content-in-australia-if-asked-to-pay-licensing-fee">required to pay licensing fees</a>.
Check out more of Benzinga&#8217;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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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

Politics

Media

SNAP

Meta, TikTok, Snapchat Could Face $32M Fines As Australia Enforces Social Media Ban For Under-16s

Leading cryptocurrencies powered down for Thanksgiving as signs of an incoming alt season emerged.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:00 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.03%</td>
<td>$95,544.73</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>-2.38%</td>
<td>$3,562.08</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>-1.50%</td>
<td>$0.4002</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin oscillated within the $95,000 zone for the greater part of the day. Trading volume for the apex cryptocurrency plunged by as much as 28%.
Ethereum made a quick surge to $3,640, only to reverse course to the $3,500 range.
Bitcoin and Ethereum dominance dipped over the last 24 hours, while the market share of the rest of the altcoins rose.
Total cryptocurrency liquidations exceeded $204 million in the last 24 hours, with more than $129 million in bullish leveraged positions getting wiped out.
About $627 million in long positions risked getting liquidated if Bitcoin retraces to $93,000.
Bitcoin's Open Interest (OI) fell 1.03% in the last 24 hours, while the dominance of traders shorting the digital asset also rose, per the Long/Shorts Ratio.
The "Extreme Greed" sentiment strengthened from 77 to 78 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 8:00 p.m. ET)</td>
</tr>
<tr>
<td>Algorand (ALGO)</td>
<td>+20.07%</td>
<td>$0.3476</td>
</tr>
<tr>
<td>The Sandbox (SAND)</td>
<td>+8.90%</td>
<td>$0.6567</td>
</tr>
<tr>
<td>Worldcoin (WLD)</td>
<td>+8.79%</td>
<td>$2.81</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.32 trillion, contracting 0.26% in the last 24 hours.
Stock futures traded near the flatline Thursday overnight. The Dow Jones Industrial Average Futures rose 60 points, or 0.13%, as of 8 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.08%, while Nasdaq 100 Futures added 0.07%.
Banks, post offices, shipping services, stock markets, and all the other over-the-counter markets like bond markets remained closed on the Thanksgiving holiday.&nbsp;
Stock markets will reopen on Friday to close early by 1:00 p.m. ET.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Arthur Azizov, CEO of cryptocurrency payment provider B2BINPAY, told Benzinga that the market was on the brink of a "significant shift," transitioning from Bitcoin season to alt season.
"It&#8217;s very close now, as the altseason index is already at 59, according to CoinMarketCap, which is more than half. When the index reaches 75, we can confidently say the alt season has begun. The index rises with the number of altcoins outperforming Bitcoin," Azizov remarked.
Widely-followed cryptocurrency analyst Dom's Crypto noted Bitcoin was flipping the $95,000 resistance level into support.
"This will lead to a $100,000 BTC faster than anyone thinks," the analyst forecast.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Path to $100,000 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> is just as we &#39;speak&#39; flipping the resistance level $95,000 in to support This will lead to a $100k <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> faster than anyone thinks &#8211; Myself included <a href="https://t.co/nWewMHEH22">pic.twitter.com/nWewMHEH22</a>
&mdash; Dom&#39;s Crypto (@Doms_Crypto) <a href="https://twitter.com/Doms_Crypto/status/1862285687195640218?ref_src=twsrc%5Etfw">November 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Image via Shutterstock
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Movers

Trading Ideas

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Simmer Down On Thanksgiving: Analyst Sees 'Significant Shift' From BTC Season To Alt Season

Seven &amp; i Holdings Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDY#OTC">SVNDY</a>), the Japanese conglomerate that owns the global convenience store chain 7-Eleven, has become the focus of significant international investment interest. 
What Happened: U.S.-based firms Bain Capital, KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), and Fortress Investment Group have reportedly submitted bids for Seven &amp; i&#8217;s supermarket and restaurant business holding company, according to sources cited <a href="https://asia.nikkei.com/Business/Business-deals/Bain-KKR-bid-to-acquire-Seven-i-s-supermarket-business">by</a> Nikkei. 
York Holdings, Japanese trading giant Sumitomo Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>) has also joined the bidding, reflecting strong domestic competition.
York Holdings, established by Seven &amp; i in October as part of a broader corporate restructuring, is designed to streamline the company's operations. The initial round of bidding concluded Thursday, with shortlisted contenders expected to begin detailed asset evaluations in early 2025.
According to a recent NHK <a href="https://www3.nhk.or.jp/news/html/20241119/k10014643321000.html">report</a>, the founding Ito family of Seven &amp; i Holdings, the parent company of 7-Eleven, is actively pursuing plans to take the company private through a management buyout, aiming to prevent a potential takeover by a Canadian rival and consolidate control over the business within the family.
See Also: <a href="https://www.benzinga.com/24/11/42237449/mexican-president-sheinbaum-pushes-back-against-trumps-border-closure-claim-clarifies-migration-stance">Mexican President Sheinbaum Pushes Back Against Trump&#8217;s Border Closure Claim, Clarifies Migration Stance</a>
Why It Matters: The renewed investor interest follows Seven &amp; i&#8217;s rejection of a $38.5 billion acquisition offer from Alimentation Couche-Tard Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANCTF#OTC">ANCTF</a>), the Canadian parent company of Circle K. 
Couche-Tard aimed to create the world's largest convenience store operator through the merger but faced antitrust concerns in the U.S. Despite proposing divestitures to address regulatory issues, the bid was deemed not in the best <a href="https://www.benzinga.com/markets/equities/24/09/40765790/circle-k-owner-couche-tard-pursues-talks-with-7-11-operator-seven-i-after-38-5b-bid-rejected">interests of Seven &amp; i's shareholders</a>.
Analysts, including JapanConsuming co-founder Michael Causton, have highlighted that Seven &amp; i remains undervalued due to its complex structure and corporate culture. 
Couche-Tard's strategic timing, paired with its reputation for deal-making, signals its recognition of the company&#8217;s long-term potential. However, acquiring Seven &amp; i at a lower valuation remains challenging as investor awareness of <a href="https://www.benzinga.com/markets/equities/24/09/40765790/circle-k-owner-couche-tard-pursues-talks-with-7-11-operator-seven-i-after-38-5b-bid-rejected">its intrinsic value grows</a>.
Price Action: Shares of Seven &amp; i rose 2.5% in Tokyo trading, on Friday following these developments, reflecting optimism about the company's strategic moves, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
Read Next: 
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<li><a href="https://www.benzinga.com/general/education/24/11/42232990/so-you-told-your-family-to-invest-in-bitcoin-dogecoin-ethereum-at-thanksgiving-last-year-heres-how-much-they-now-have-and-why-you-might-be-invited-back-to-the-adult-table-2">So You Told Your Family To Invest In Bitcoin, Dogecoin, Ethereum At Thanksgiving Last Year? Here&#8217;s How Much They Now Have (And Why You Might Be Invited Back To The Adult Table)</a></li>
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Image via Unsplash
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ANCTF

SSUMY

SVNDY

Japanese 7-Eleven Owner Triggers International Investor Frenzy, Attracts Bain Capital And KKR Bids

Mexican President Claudia Sheinbaum has publicly countered President-elect Donald Trump&#8216;s statement regarding Mexico&#8217;s agreement to close its border with the United States. Trump had claimed that Mexico would <a href="https://www.benzinga.com/24/11/42227649/trump-praises-wonderful-conversation-with-mexican-president-sheinbaum-she-has-agreed-to-stop-migration">immediately halt migration</a> to the U.S., a statement Sheinbaum has now addressed.
What Happened: Mexican President Claudia Sheinbaum has contested President-elect Donald Trump&#8216;s assertion that Mexico agreed to close its border with the U.S. &#8220;effectively immediately.&#8221; Sheinbaum clarified her stance in a post on X, stating that Mexico&#8217;s strategy focuses on addressing migration while respecting human rights.
<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">En nuestra conversación con el presidente Trump, le expuse la estrategia integral que ha seguido México para atender el fenómeno migratorio, respetando los derechos humanos. Gracias a ello se atiende a las personas migrantes y a las caravanas previo a que lleguen a la frontera.…
&mdash; Claudia Sheinbaum Pardo (@Claudiashein) <a href="https://twitter.com/Claudiashein/status/1861946615315275962?ref_src=twsrc%5Etfw">November 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Sheinbaum emphasized that Mexico&#8217;s approach is not about shutting borders but fostering cooperation between governments and peoples. 
Her comments were a response to Trump&#8217;s post on Truth Social, where he claimed that Mexico would halt migration to the U.S. immediately. Trump described the conversation with Sheinbaum as &#8220;wonderful,&#8221; mentioning agreements on migration and drug inflow issues.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42214089/pepe-set-to-join-dogecoin-shiba-inu-as-multi-billion-dollar-meme-coin-by-2025-massive-breakout-coming-soon-trader-predicts?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Pepe Set to Join Dogecoin, Shiba Inu As Multi-Billion Dollar Meme Coin By 2025: &#8216;Massive Breakout&#8217; Coming</a>
Why It Matters: The talks come amid Trump&#8217;s announcement of a new executive order to impose tariffs on Chinese, Canadian, and Mexican goods. The tariffs aim to pressure these countries to enhance border security and combat fentanyl exports to the U.S. Sheinbaum has warned of <a href="https://www.benzinga.com/news/global/24/11/42198583/will-trump-lead-us-into-trade-war-with-mexico-president-claudia-sheinbaum-rebukes-threats">potential counter-tariffs</a>, suggesting a tit-for-tat response that could jeopardize mutual businesses.
Earlier, Sheinbaum had addressed Trump in a letter, stating that &#8220;neither threats nor tariffs will solve the migration or the drug abuse phenomenon in the US,&#8221; advocating for collaborative solutions to the fentanyl crisis.
Furthermore, Sheinbaum has expressed concerns about a potential trade war, warning that tariffs could lead to a cycle of retaliatory measures, risking the operations of major exporters out of Mexico like General Motors Co., Stellantis NV, and Ford Motor Co.
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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

Mexican President Sheinbaum Pushes Back Against Trump's Border Closure Claim, Clarifies Migration Stance

As of today, the U.S. debt has skyrocketed to $36 trillion and around one in every five dollars the government spends goes straight into repaying investors. In addition to causing the government a great deal of trouble, this scenario is also becoming a potential stumbling block for Donald Trump&#8217;s economic ambitions and <a href="https://www.benzinga.com/24/11/42131911/donald-trump-appointed-doge-to-have-marginal-impact-saving-50-100-billion-says-analyst-as-elon-musk-aims-to-target-500-billion-plus-in-federal-expenditures">will impact</a> the new government agency headed by Musk and Ramaswamy.
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The U.S. federal debt is growing relentlessly. According to White House debt <a href="https://www.whitehouse.gov/wp-content/uploads/2023/03/hist07z1_fy2024.xlsx">data</a>, it was $19.5 trillion in 2016, shortly before Trump was elected. It <a href="https://www.benzinga.com/personal-finance/24/10/41564246/from-10-trillion-to-35-trillion-how-government-spending-has-spiraled-out-of-control">skyrocketed</a> to $26.9 trillion by 2020 and now is nearly <a href="https://www.crfb.org/press-releases/gross-national-debt-reaches-36-trillion">$36 trillion</a>. "The point is that fiscal policy reflects joint action by Congress and the president," David Primo, a University of Rochester professor of political science and business administration, told AP. This directly impacts how the government functions, so it&#8217;s not just about numbers.
According to the <a href="https://www.fiscal.treasury.gov/files/reports-statements/mts/mts0824.pdf">Congressional Budget Office</a> (CBO), interest payments alone will total more than $1 trillion in the upcoming year. The government intends to spend less on national security than on these payments. What&#8217;s worse, rising debt service costs are crowding out essential programs like infrastructure, education and health care – areas that are supposed to contribute to future growth.
See Also: Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a>
<h2 class="wp-block-heading">Big Promises, Bigger Obstacles</h2>
Trump has talked about big economic plans, including <a href="https://www.benzinga.com/government/regulations/24/11/41885777/how-trumps-tax-cuts-tariffs-animal-spirits-could-shape-sp-500-earnings">tax cuts and tariffs</a>. But the rising cost of paying off existing debt means there's less room for these moves. The costs of servicing this huge debt leave Trump with fewer options for ambitious economic measures. Increased debt restricts the federal budget&#8217;s flexibility, making it more difficult to enact tax cuts that Trump claims would help the middle class.
Critics argue that Trump&#8217;s proposed tax cuts, like those from 2017, largely benefit the wealthiest Americans and <a href="https://www.benzinga.com/government/24/06/39462030/trump-added-nearly-two-times-more-to-the-national-debt-than-biden-while-in-office-new-report">add to the already ballooning debt</a>. Additionally, rising national debt tends to raise interest rates, making it more expensive for Americans to purchase houses, vehicles or make long-term investments.&nbsp;
Trending: Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
<h2 class="wp-block-heading">The Forces Pulling Interest Rates</h2>
Jeffrey Schmid, the president of the Kansas City Fed, has recently stressed that <a href="https://www.benzinga.com/24/11/42075235/feds-schmid-rising-us-national-debt-could-push-interest-rates-higher">three significant factors</a> influence interest rates: growing debt, an aging population and productivity growth. Productivity gains, especially driven by new tech like AI, could mean higher rates. However, an aging population and the tendency of older generations to save more could push rates lower. &#8220;While now is the time to begin dialing back the restrictiveness of monetary policy, it remains to be seen how much further interest rates will decline or where they might eventually settle,&#8221; Schmid said.
With a $36 trillion bill, the government must keep attracting investors to buy its bonds, which will mean offering higher interest rates.
Without major adjustments, the national debt will continue destabilizing the economy, making it even harder for investors and the government to take risks. The effectiveness of this new agency&#8217;s cost-cutting initiatives will change in conjunction with interest rate fluctuations. The ongoing question is whether productivity and new technology can save the day or if the growing debt will push rates further, limiting economic growth and complicating the agency&#8217;s mission to streamline spending.
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Personal Finance

1 In 5 Dollars The Government Expends Goes To Repaying Investors. Here's Why This Spells Trouble For Trump And DOGE

France maintains one of the strictest cannabis policies in Europe, prohibiting recreational use, possession and cultivation. Paradoxically, it also has the highest <a href="http://benzinga.com/cannabis">cannabis</a> consumption rate on the continent. As the French government grapples with mounting public debt –currently at 112% of GDP– legalizing and taxing cannabis presents a potential fiscal lifeline.  
<h3 class="wp-block-heading">France Could Unlock Major Gains By Legalizing</h3>
The country&#8217;s stringent laws lead to significant law enforcement costs and strain on the judicial system. <a href="https://www.theguardian.com/commentisfree/2024/nov/27/france-cannabis-consumption-europe-tax-decriminalisation-crime">According</a> to The Guardian, approximately 200,000 people pass through the criminal justice system annually on drug-related charges, with substantial resources allocated to anti-cannabis efforts.
However, economic analysts consulted by The Guardian suggest that legalizing cannabis could alleviate France&#8217;s financial challenges. A 2019 <a href="https://shs.cairn.info/revue-notes-du-conseil-d-analyse-economique-2019-4-page-1?lang=fr#s1n7">study</a> by an economic advisory board within the Prime Minister&#8217;s office estimated that legalization could generate €2.8 billion ($2.9 billion) in fiscal receipts and create up to 80,000 jobs.
<h3 class="wp-block-heading">High Anti-Cannabis Costs Amid Economic Strain</h3>
Legalization proponents argue it could also reduce gang-related crime by removing a lucrative market from criminal networks. Moreover, regulated sales might undercut illegal dealers and decrease street violence associated with drug trafficking.
<ul>
<li>Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
These revenues, combined with savings on enforcement costs, could also provide much-needed relief as the government contemplates unpopular tax hikes and spending cuts. With national debt at €3.2 trillion and a budget deficit projected at 6% for 2024, cannabis could offer France a much-needed financial boost.
<h3 class="wp-block-heading">Future of French Medical Cannabis In Limbo</h3>
Meanwhile, despite the potential benefits of legalizing, France&#8217;s medical marijuana trial <a href="https://www.benzinga.com/markets/cannabis/24/10/41503963/frances-medical-marijuana-trial-faces-uncertainty-as-new-amendment-tries-to-keep-it-running">faces delays and political uncertainty</a>. Originally set to end in March 2024, the program now hinges on a proposed amendment to extend it through 2025. Political delays have prevented alignment with European regulations, leaving the future of medical cannabis in limbo.&nbsp;
Without immediate action, over 2,000 patients could lose access to treatments, highlighting the need for a permanent framework.&nbsp;&nbsp;
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38029760/cannabis-on-the-rise-in-europe-why-germanys-legalization-is-a-game-changer-for-the-ecosystem">Cannabis On The Rise In Europe: Why Germany&#8217;s Legalization Is A Game Changer For The Ecosystem</a>
<h3 class="wp-block-heading">Neighbors Diverge: Germany Lights Up</h3>
In contrast, Germany's cannabis market exemplifies a more progressive approach. Its Cannabis Control Act, enacted earlier this year, has spurred rapid growth. Sanity Group, a leading German cannabis company, <a href="https://www.benzinga.com/markets/cannabis/24/10/41336543/is-germany-set-to-become-next-cannabis-giant-we-tripled-within-one-year-says-industry-insider">reported tripling its revenue within a year</a> due to regulatory changes. Germany's potential expansion into adult-use cannabis could further establish it as Europe's cannabis leader.&nbsp;&nbsp;
With <a href="https://www.benzinga.com/markets/cannabis/24/11/42043465/czech-government-legalizes-cultivation-of-three-cannabis-plants-allows-possession-of-50-grams">evidence from neighboring countries</a> and <a href="https://www.benzinga.com/markets/cannabis/22/04/26520421/majority-of-europeans-support-cannabis-legalization-which-country-will-do-something-about-it">growing public discourse</a>, France faces increasing pressure to reconsider its strict policies. Legalization could not only address fiscal challenges but also position France as a competitor in the burgeoning European cannabis industry.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/24/11/42162875/canopy-growths-german-subsidiary-teams-up-with-portugals-gro-vida-to-expand-medical-cannabis-supply">Canopy Growth&#8217;s German Subsidiary Teams Up With Portugal&#8217;s Gro-Vida To Expand Medical Cannabis Supply</a></li>
</ul>
Image generated with AI tools.

Cannabis

Eurozone

Europe's Top Cannabis Consumer Still Criminalizes Use, Forfeits Economic Gains

Planning to <a href="https://www.benzinga.com/personal-finance/24/09/40964924/most-people-expect-to-retire-at-67-but-56-retire-sooner-can-you-guess-the-actual-average-retirem">retire at a specific age</a> often involves careful preparation, but reality doesn't always align with expectations. A new study by the Employee Benefit Research Institute (EBRI) found that 58% of retirees leave the workforce earlier than planned, frequently due to factors beyond their control.
EBRI's 2024 Spending In Retirement study, which surveyed 3,600 retirees aged 62 to 75, reveals some of the reasons for early retirement and the financial challenges that come from it.&nbsp;
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<li>The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires"> Here are three ways to join the club.</a></li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
<h2 class="wp-block-heading">Why Do People Retire Early?</h2>
For some, <a href="https://www.benzinga.com/personal-finance/24/10/41185972/is-65-too-early-to-retire-new-research-says-it-might-be-45-of-households-are-expected-to-run-out">retiring early</a> is a strategic choice. They've built their nest egg and have methodically planned for early retirement. For others, it isn't always within their control.&nbsp;
Health issues and workplace reorganization are the leading factors behind why many Americans retire early. According to the EBRI survey:&nbsp;
<ul>
<li>38% of those who retired earlier than expected cited health problems or disabilities as the main reason. </li>
<li>23% stated that company-related issues like downsizing, closures or reorganizations were the cause. </li>
</ul>
Roughly two out of five of those who retired early did so because they felt financially prepared. However, this group represents a minority compared to those whose circumstances necessitated an earlier exit.&nbsp;
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $100.</a>
<h2 class="wp-block-heading">Financial Struggles Among Early Retirees</h2>
Leaving the workforce sooner than expected can have negative financial implications. Early retirees have less time to <a href="https://www.benzinga.com/personal-finance/24/11/41918104/are-you-on-track-to-retire-rich-heres-the-nest-egg-you-need-to-be-considered-a-wealthy-retiree">save for retirement</a>, requiring them to stretch their existing savings across a longer period of time.&nbsp;
A similar study by John Hancock Financial found that early retirees are more likely to face financial stress for several reasons:&nbsp;
<ul>
<li>33% of those who retire early rely solely on Social Security for their income, compared to just 11% of those who retired when they planned.</li>
<li>Over half reported cutting back on spending and 45% downsized their living arrangements to reduce costs.</li>
<li>With longer life expectancy, Americans must plan for funding a retirement that could span multiple decades, extending longer if they retire early. </li>
</ul>
The EBRI study also revealed that many retirees are unprepared for the financial demands of retirement. Half of retirees said they did not save as much as they needed and only one-third thought they had enough.&nbsp;
Trending: <a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a>
<h2 class="wp-block-heading">A Broader Retirement Reality</h2>
Despite the financial challenges, many retirees remain optimistic. Two-thirds of respondents in the EBRI study said they are living the retirement lifestyle they envisioned, even if getting there was difficult.
However, the findings from this study highlight an important lesson: while planning for the age you want to retire at is important, unforeseen circumstances can disrupt even the best-laid plans. Health issues, workplace changes and <a href="https://www.benzinga.com/personal-finance/24/09/40800774/gen-xs-looming-retirement-crisis-is-worse-than-they-realize-expert-compares-it-to-being-handed-a">insufficient savings</a> are all risks that retirees should prepare for to ensure a more secure financial future.
For those still working, start planning early and revisit your savings goals frequently to help mitigate challenges that may come if you must unexpectedly retire.&nbsp;
Read Next:
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<li>Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
<li>Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a></li>
</ul>

EBRI Study Reveals 58% Of Retirees Retire Earlier Than Expected, Here's Why

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/RMHB">Rocky Mountain High</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMHB#OTC">RMHB</a>) shares closed up 68.00% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/LVRLF">CordovaCann</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVRLF#OTC">LVRLF</a>) shares closed up 25.00% at $0.05</li>
<li><a href="https://www.benzinga.com/quote/KAYS">Kaya Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KAYS#OTC">KAYS</a>) shares closed up 16.78% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/TGIFF">1933 Industries</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TGIFF#OTC">TGIFF</a>) shares closed up 10.00% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CNTMF">Cansortium</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTC">CNTMF</a>) shares closed up 8.70% at $0.09</li>
<li><a href="https://www.benzinga.com/quote/BMMJ">Body and Mind</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed up 8.11% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/RSSFF">Affinor Growers</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RSSFF#OTC">RSSFF</a>) shares closed up 6.48% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/EAST">Eastside Distilling</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EAST#NASDAQ">EAST</a>) shares closed up 4.24% at $0.67</li>
<li><a href="https://www.benzinga.com/quote/CWBHF">Charlottes Web Holdings</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CWBHF#OTC">CWBHF</a>) shares closed up 3.33% at $0.12</li>
<li><a href="https://www.benzinga.com/quote/SOL">Emeren Group</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOL#NYSE">SOL</a>) shares closed up 3.31% at $1.94</li>
<li><a href="https://www.benzinga.com/quote/CURR">Currenc Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) shares closed up 3.07% at $1.76</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/MPXOF">MPX International</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MPXOF#OTC">MPXOF</a>) shares closed down 33.33% at $0.0002</li>
<li><a href="https://www.benzinga.com/quote/MGWFF">Maple Leaf Green World</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MGWFF#OTC">MGWFF</a>) shares closed down 32.15% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/LMLLF">Pharmadrug</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LMLLF#OTC">LMLLF</a>) shares closed down 31.19% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/GBHPF">Global Hemp Group</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBHPF#OTC">GBHPF</a>) shares closed down 30.82% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CNBX">CNBX Pharmaceuticals</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNBX#OTC">CNBX</a>) shares closed down 14.71% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/XXII">22nd Century Group</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares closed down 10.60% at $0.10</li>
<li><a href="https://www.benzinga.com/quote/CLSH">CLS Holdings USA</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CLSH#OTC">CLSH</a>) shares closed down 9.20% at $0.05</li>
<li><a href="https://www.benzinga.com/quote/BBRRF">Blueberries Medical</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BBRRF#OTC">BBRRF</a>) shares closed down 6.17% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/NWVCF">EnWave</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NWVCF#OTC">NWVCF</a>) shares closed down 5.80% at $0.14</li>
<li><a href="https://www.benzinga.com/quote/YCBD">cbdMD</a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) shares closed down 3.96% at $0.49</li>
<li><a href="https://www.benzinga.com/quote/CNPOF">RIV Capital</a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNPOF#OTC">CNPOF</a>) shares closed down 3.90% at $0.08</li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BBRRF

BMMJ

CLSH

CNBX

CNPOF

CNTMF

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

CWBHF

EAST

GBHPF

KAYS

LMLLF

LVRLF

MGWFF

MPXOF

NWVCF

RMHB

RSSFF

TGIFF

XXII

YCBD

Cannabis Stock Movers For November 28, 2024

Berkshire Hathaway Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) stock soared to unprecedented levels, closing Wednesday at $483.08 after touching a 52-week high of $491.67. 
<h2 class="wp-block-heading">Berkshire's Stock Surges to New Heights</h2>
The stock has been on a tear, boasting a 34% gain over the past year and 19.6% in the last six months. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28132715/Screenshot-2024-11-28-at-11.57.02-PM.png" alt="" class="wp-image-669243" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28132715/Screenshot-2024-11-28-at-11.57.02-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28132715/Screenshot-2024-11-28-at-11.57.02-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112824&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
With its price trading well above key moving averages—including a 200-day SMA of $430.63—technical indicators suggest the bullish trend is intact.
However, with the Relative Strength Index (RSI) at 68.79, the stock is teetering near overbought territory, raising questions about sustainability. Despite this, a Moving Average Convergence Divergence (MACD) reading of 5.56 signals continued strength.
Read Also: <a href="https://www.benzinga.com/personal-finance/24/11/42191171/warren-buffett-claims-he-killed-the-dow-investing-peanuts-and-explains-its-a-huge-structural-advantage-to-not-have-a-lot-of-money">Warren Buffett Claims He &#8216;Killed The Dow&#8217; Investing &#8216;Peanuts&#8217; – And Explains It&#8217;s A &#8216;Huge Structural Advantage To Not Have A Lot Of Money&#8217;</a>
<h2 class="wp-block-heading">Buffett's Generosity Knows No Bounds</h2>
Even as his net worth hits $150 billion, <a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a> isn't slowing down his philanthropic mission. On Monday, the Oracle of Omaha pledged another $1.15 billion worth of Berkshire stock to his family's charitable foundations, continuing his 2006 commitment to give away most of his wealth.
Buffett has now donated 56.6% of his Berkshire shares, solidifying his legacy as both an investing icon and a philanthropic force. His latest move follows a colorful shareholder<a href="https://www.businesswire.com/news/home/20241125323423/en/Berkshire-Hathaway-Inc.-News-Release"> letter</a>, where he reaffirmed his dedication to wealth redistribution.
<h2 class="wp-block-heading">A Wealth Legacy Like No Other</h2>
Buffett, who <a href="https://www.forbes.com/sites/dereksaul/2024/11/25/never-wished-to-create-a-dynasty-warren-buffett-donates-11-billion-in-berkshire-stock-and-updates-will/">ranks</a> as the sixth-richest person in the world, has more than doubled his fortune since 2014. Yet, he trails Elon Musk's $330 billion net worth by a significant margin. Unlike Musk's splashy ventures, Buffett's wealth engine—Berkshire Hathaway—continues its steady climb, reinforcing its position as a titan of diversified investing.
Investors are left wondering: can Berkshire maintain its momentum, or is the stock's RSI warning of a potential pullback? Either way, one thing remains clear: Buffett's empire isn't just breaking records—it's making history.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/11/42143260/warren-buffett-claims-to-not-time-the-market-but-his-cash-horde-tells-a-different-story">Warren Buffett Claims To Not &#8216;Time The Market,&#8217; But His Cash Horde Tells A Different Story</a></li>
</ul>

Long Ideas

Technicals

Warren Buffett's Billion-Dollar Moves Propel Berkshire Stock To Record Highs

The commercial aerospace sector is gaining altitude, driven by surging demand for passenger travel, robust freight activity, and a <a href="https://www.benzinga.com/topic/expert-ideas">resurgence in aircraft orders</a>.
According to Goldman Sachs analyst Noah Poponak, CFA, air traffic recovery is exceeding expectations, with growth now outpacing GDP by more than double. 
The sector&#8217;s strong fundamentals, buoyed by tight supply chains and rising aftermarket revenues, are positioning key aerospace stocks for a significant takeoff.
Here&#8217;s what you need to know — and the top stocks analysts say you should have on your radar.
<h3 class="wp-block-heading">Air Traffic Surpasses Pre-Pandemic Levels</h3>
&#8220;The overall commercial aerospace market is fundamentally strong,&#8221; said Poponak in a note Thursday. 
Global passenger traffic continues its remarkable climb as international air traffic jumped 9% year-over-year (yoy) in September, following an 11% yoy increase in August, according to the International Air Transport Association (IATA). Passenger capacity rose in lockstep, up 9% and 10% yoy, respectively.
Goldman Sachs forecasts another 9% yoy gain for October based on airline reports. 
Forward airline schedules indicate that global passenger capacity will grow by 6% to 7% year-over-year through November, December, and January, reflecting sustained demand as travel appetite remains strong.
<h3 class="wp-block-heading">Freight Market Delivers Double-Digit Growth</h3>
The recovery isn't limited to passengers. International freight traffic surged 11% yoy in September, following a 12% yoy gain in August, with freight capacity expanding by 8% yoy in both months. 
Major cargo players FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and United Parcel Service Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) also saw gains, with UPS reporting 11% yoy growth and FedEx posting a 3% yoy increase in global air cargo traffic.
<h3 class="wp-block-heading">Boeing, Airbus Rack Up Orders</h3>
Large commercial jet manufacturers are riding the wave of demand. In October alone, Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) secured 63 new orders, while Airbus SE (OTCPK: EADSY) booked 82 aircraft orders—both with zero cancellations. 
&#8220;New aircraft order campaigning activity appears to remain robust, for both growth and replacement,&#8221; Poponak wrote. 
Parked aircraft, which currently make up 11.8% of the total global fleet, remained flat month-over-month, further reflecting high utilization levels as airlines capitalize on the recovery in passenger and freight traffic.
<h3 class="wp-block-heading">Goldman Sachs' Top Stock Picks</h3>
Goldman Sachs&#8217; Poponak highlighted 11 buy-rated stocks that stand to benefit from the industry's resurgence. These include large aircraft manufacturers, component suppliers, and business jet producers.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Category</th>
</tr>
</thead>
<tbody>
<tr>
<td>Woodward Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WWD#NASDAQ">WWD</a>)</td>
<td>Aerospace Systems</td>
</tr>
<tr>
<td>Boeing Co.</td>
<td>Large Aircraft</td>
</tr>
<tr>
<td>TransDigm Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>)</td>
<td>Aircraft Components</td>
</tr>
<tr>
<td>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>)</td>
<td>Engine Manufacturing</td>
</tr>
<tr>
<td>HEICO Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>)</td>
<td>Aircraft Parts</td>
</tr>
<tr>
<td>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>)</td>
<td>Aerospace Materials</td>
</tr>
<tr>
<td>Ducommun Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DCO#NYSE">DCO</a>)</td>
<td>Aerospace Electronics</td>
</tr>
<tr>
<td>CAE Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAE#NYSE">CAE</a>)</td>
<td>Simulation &amp; Training</td>
</tr>
<tr>
<td>Bombardier Inc. (OTCPK: BOMBF)</td>
<td>Business Jets</td>
</tr>
<tr>
<td>Embraer S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERJ#NYSE">ERJ</a>)</td>
<td>Regional Aircraft</td>
</tr>
<tr>
<td>Textron Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) </td>
<td>Business Jets &amp; Helicopters</td>
</tr>
</tbody>
</table>
</figure>
Among these, Woodward (WWD) is singled out for its placement on Goldman's &#8220;Conviction List,&#8221; while Boeing remains a flagship name for its leadership in large commercial jets.

Analyst Color

Large Cap

Mid Cap

BOMBF

European Aeronautic Defence And Space Unsponsored

EADSY

Embraer-Empresa Brasileira De Aeronautica

Aerospace Ready To Take Off: Goldman Sachs Reveals 11 Top Picks In The Sector

In the current session, the stock is trading at $139.73, after a 0.62% spike. Over the past month, Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) stock increased by 19.28%, and in the past year, by 65.85%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1732824015_0.png" alt="Past Year Chart" />

<h3>Comparing Live Nation Entertainment P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Live Nation Entertainment has a better P/E ratio of 156.03 than the aggregate P/E ratio of 41.7 of the Entertainment industry. Ideally, one might believe that Live Nation Entertainment Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1732824016_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Live Nation Entertainment

For income-focused investors, <a href="https://www.benzinga.com/real-estate/reit">real estate investment trusts (REITs)</a> are a goldmine, offering steady dividends backed by tangible assets. 
Our search for top REITs focused on large-cap stocks from the S&amp;P 500 index with a dividend yield exceeding 5% and Wall Street analysts rating them a "Buy" or higher. This rigorous filter led us to three standout picks that combine high yield with growth potential. From healthcare facilities to retail and casinos, these REITs provide both robust income and diversified exposure.
<h2 class="wp-block-heading">1. Healthpeak Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOC#NYSE">DOC</a>): A Prescription For Income</h2>
Dividend Yield: 5.40% Market Cap: $15.81 billion Sector: Healthcare Facilities
Healthpeak Properties is a healthcare-focused REIT with a flair for stability and growth. Offering a 5.40% dividend yield, DOC has seen a stellar 30.67% performance over the past year and 12.32% year-to-date gains. Its price-to-free-cash-flow (P/FCF) ratio of 18.41 signals a fair valuation, making it an attractive choice for yield-seeking investors.
With the healthcare sector&#8217;s resilience, Healthpeak benefits from long-term demographic trends like aging populations, positioning itself as a dependable dividend payer in a defensive industry.
Read Also: <a href="https://www.benzinga.com/real-estate/reit/24/11/42068836/crowdstreets-new-ceo-john-imbriglia-charts-a-bold-path-for-commercial-real-estate-investors">CrowdStreet&#8217;s New CEO John Imbriglia Charts a Bold Path for Commercial Real Estate Investors</a>
<h2 class="wp-block-heading">2. Realty Income Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>): The Monthly Dividend Machine</h2>
Dividend Yield: 5.37% Market Cap: $51.55 billion Sector: Retail
Nicknamed "The Monthly Dividend Company," Realty Income is a household name in income investing. Offering a 5.37% yield, O maintains a strong foothold in retail real estate, with a portfolio diversified across industries and tenants. Despite modest performance year-to-date (1.57%), its P/FCF of 15.84 underscores solid fundamentals.
Realty Income's consistent payouts and reputation for reliable income make it a cornerstone for dividend-focused portfolios. Whether the market&#8217;s hot or cold, this REIT remains a fan favorite for its unwavering commitment to shareholder returns.
<h2 class="wp-block-heading">3. VICI Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>): A Jackpot For Investors</h2>
Dividend Yield: 5.20% Market Cap: $34.60 billion Sector: Diversified
VICI Properties owns an enviable portfolio of casino and gaming assets, including Las Vegas landmarks. Its 5.20% dividend yield is paired with a P/FCF of 15.01, making it the most attractively valued among our picks. Over the past six months, VICI has outperformed with a 16.18% gain, outpacing broader market indices.
As the gaming industry recovers post-pandemic, VICI is well-positioned to capture growth while rewarding investors with consistent income. With its diversified exposure and high yield, this REIT is a safe bet for any portfolio.
These REITs—Healthpeak, Realty Income, and VICI Properties—combine strong dividend yields with promising growth, backed by Wall Street's confidence. 
Whether you're looking for healthcare stability, retail reliability, or a gamble on casinos, these large-cap REITs deliver income with the potential for capital appreciation. For investors, the choice is clear: when it comes to dividends, these are the real estate crown jewels.
Read Next: 
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REIT

Dividends

Real Estate

VICI

High-Yield REITs To Watch: Three Wall Street-Approved S&P 500 Gems

Leidos Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) short percent of float has risen 29.05% since its last report. The company recently reported that it has 1.91 million shares sold short, which is 1.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Leidos Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732822222_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Leidos Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Leidos Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Leidos Holdings's peer group average for short interest as a percentage of float is 3.04%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

LDOS

(LDOS) - Analyzing Leidos Holdings's Short Interest

Roku's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NYSE">ROKU</a>) short percent of float has risen 40.13% since its last report. The company recently reported that it has 12.52 million shares sold short, which is 11.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Roku Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732822217_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Roku has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Roku's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Roku's peer group average for short interest as a percentage of float is 8.39%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

ROKU

Peering Into Roku's Recent Short Interest

View, VerifyMe, Smith & Wesson Brands among industrial movers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
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PPIH Stock Earnings: Perma-Pipe Inlt Hldgs Reported Results for Q3 2023

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PPIH Stock Earnings: Perma-Pipe Inlt Hldgs Reported Results for Q4 2023

Perma-Pipe International GAAP EPS of $1.08, revenue of $40.2M

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PPIH Stock Earnings: Perma-Pipe Inlt Hldgs Reported Results for Q1 2024

Perma-Pipe announces $10M in contract awards in Saudi Arabia

VP Harris pledges not to ban fracking; Trump would slash Biden clean power plans

Perma-Pipe International GAAP EPS of $0.40, revenue of $37.5M

Perma-Pipe International (PPIH) announced $6M in new project awards in the MENA region. Additionally, the company announced $9M in new project awar...

Perma-Pipe International announces $15M in contract awards

The infrastructure industry has grown rapidly in recent years, driven by increased government spending. With the possibility of domestic policy shifts under a new administration, one might wonder if CRH's global presence can safeguard it from these changes. Read more to find out…. The U.S. infrastructure sector has experienced remarkable growth in recent years, thanks largely to the $1 trillion Infrastructure Investment &amp; Jobs Act, along with the CHIPS Act and the Inflation Reduction Act (IRA) introduced by the Biden-Harris administration. These legislative measures have provided a strong foundation for expansion.
CRH plc (<a href="https://stocknews.com/stock/CRH/">CRH</a>), with its extensive international operations and a robust global strategy, is well-positioned to benefit from this surge in infrastructure spending. The company stands at the forefront of the industry, capitalizing on the growing demand for infrastructure development across multiple regions and sectors.
The Infrastructure Investment &amp; Jobs Act alone allocates significant funding, including $47 billion for roads and bridges, $25 billion for airport projects, and $17 billion for ports, among other potential allocations. Analysts anticipate that funding from the infrastructure bill will begin flowing into projects around 2025 and is expected to continue through 2028.
However, the Trump administration has <a href="https://www.investors.com/research/industry-snapshot/growth-stocks-infrastructure-spending-concrete/">threatened to cut back</a> on some of the infrastructure funding. Despite potential shifts in domestic policy, such as those hinted at by President-elect Donald Trump regarding infrastructure spending, CRH maintains a strong position.
The company has demonstrated impressive growth, with its stock rising 25.5% in the past six months and an incredible 66.6% over the last year, closing at $102.87 in the latest trading session. With such momentum, CRH appears poised to continue thriving.
Let's dive deeper into the factors that could shape CRH's performance moving forward.
Recent Developments
On November 1, CRH announced a significant milestone with the <a href="https://www.crh.com/media/press-releases/2024/crh-develops-wind-farm-to-power-cement-plant-in-romania">completion of a new wind farm</a> designed to supply renewable electricity to its Medgidia Cement Plant in Romania. This wind farm is a pioneering project, being the first in Romania to power a cement plant exclusively, marking a major step in the company's sustainability efforts.
This move not only enhances the company's reputation but also strengthens its market position by attracting environmentally aware consumers and investors, fueling long-term growth.
In addition to this renewable energy initiative, CRH's fiscal 2024 third-quarter report highlighted a robust growth trajectory. The company <a href="https://www.crh.com/media/5463/crh-plc-q3-2024-results-announcement.pdf">completed 12 acquisitions</a> totaling $1.4 billion during the three months which ended September 30, 2024, significantly higher than the $0.4 billion spent during the same period in 2023.
These acquisitions, spread across Americas Materials Solutions, Americas Building Solutions, and Europe Materials Solutions, could further expand CRH's market presence.
Sound Historical Growth
Over the past three years, CRH's revenue has grown at a CAGR of 9.2%. Meanwhile, its EBITDA rose at a CAGR of 11.4%. Plus, the company's operation income (EBIT) and total assets increased at CAGRs of 16.6% and 4.7%, respectively.
Furthermore, during the same time frame, the company's net income and EPS grew at respective CAGRs of 19.7% and 24.6%. The sustained performance highlights the company's strong growth trajectory over the last few years.
Strong Financials
For the fiscal third quarter that ended September 30, 2024, CRH's total revenues increased 3.8% year-over-year to $10.52 billion. Its <a href="https://www.investopedia.com/terms/o/operatingincome.asp">operating income</a> grew 9.8% from the year-ago value to $1.96 billion. Furthermore, the company's adjusted EBITDA increased 12.1% year-over-year to $2.45 billion.
Additionally, its net income and EPS attributable to CRH rose 5.4% and 9.4% from the prior year's quarter to $1.38 billion and $1.97, respectively. As of September 30, 2024, CRH's total assets amounted to $51.22 billion, compared to $47.63 billion on September 30, 2024.
Favorable Analyst Estimates
Analysts predict CRH's revenue for the fiscal year ending December 2024 to rise marginally year-over-year to $35.10 billion. Its EPS for the ongoing fiscal year is also expected to grow 16.5% from the previous year to $5.42.
Looking further ahead to the next fiscal year ending in December 2025, CRH is projected to see additional growth, with revenue and EPS forecasted to rise by 6.7% and 10.6% from the prior year to reach $37.45 billion and $5.99, respectively.
High Profitability
CRH's trailing-12-month gross profit margin of 35.30% is 21.7% higher than the industry average of 29%. Its trailing-12-month asset turnover ratio stands at 0.74x, 12.5% higher than the industry average of 0.66x.
Additionally, CRH's trailing-12-month net income margin of 9.86% outperforms the industry average of 5.02% by 96.5%. Moreover, the company boasts a trailing-12-month EBITDA margin of 18.44%, which is 11.8% above the sector average of 16.50%.
POWR Ratings Reflects Optimism
CRH's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
CRH has a B grade for Quality, which is in sync with its impressive profitability metrics that surpass the industry average. Interestingly, the stock also scores a B for Momentum, as it trades above its 50-day and 200-day moving averages of $94.48 and $84.51, respectively.
Within the B-rated <a href="https://stocknews.com/category/industrial-building-materials/">Industrial - Building Materials</a> industry, CRH is ranked #10 out of 43 stocks. Beyond what is stated above, we have also given CRH grades for Growth, Value, Sentiment, and Stability. Get all CRH ratings <a href="https://stocknews.com/stock/CRH/">here</a>.
Bottom Line
CRH holds a dominant position in the infrastructure industry, thanks to its expansive global portfolio. This diverse reach could serve as a buffer against potential domestic policy shifts, allowing the company to maintain its strong position and continue generating profits for its investors.
Plus, with its high profitability, ongoing momentum, and strategic positioning, CRH presents itself as an attractive investment opportunity for those looking to capitalize on the growth of the infrastructure sector.
How Does CRH plc (CRH) Stack Up Against Its Peers?
Although CRH's near-term outlook appears sound, it may be worthwhile to explore its industry peers, who currently exhibit even stronger POWR Ratings. So, consider these three A (Strong Buy) or B-rated (Buy) stocks from the <a href="https://stocknews.com/category/industrial-building-materials/">Industrial - Building Materials</a> industry:
Daikin Industries Ltd. ADR (<a href="https://stocknews.com/stock/DKILY/">DKILY</a>)
Griffon Corporation (<a href="https://stocknews.com/stock/GFF/">GFF</a>)
Perma-Pipe International Holdings Inc. (<a href="https://stocknews.com/stock/PPIH/">PPIH</a>)
To explore more A or B-rated Industrial - Building materials stocks, <a href="https://stocknews.com/category/industrial-building-materials/">click here</a>.
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 />
CRH shares rose $0.63 (+0.61%) in premarket trading Wednesday. Year-to-date, CRH has gained 50.53%, versus a 27.56% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/crh-dkily-gff-ppih-could-crhs-global-reach-shield-it-from-domestic-policy-shifts/>Could CRH's Global Reach Shield It from Domestic Policy Shifts?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Could CRH's Global Reach Shield It from Domestic Policy Shifts?

BOIL

DKILY

DRIP

EOSE

GUSH

HNRG

IMPP

KOLD

NFGC

PPIH

SATL

SBSW

SPIR

USOI

VIEW

Press Releases

Perma-Pipe International Holdings, Inc. Announces its Third Quarter Fiscal 2023 Financial Results

Perma-Pipe International Holdings announces acceptance into QatarEnergy's Tawteen Program

Perma-Pipe International Holdings, Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results

Perma-Pipe International Holdings, Inc. Announces First Quarter Fiscal 2024 Financial Results

Perma-Pipe International Holdings, Inc. Announces $10 Million in Contract Awards in Saudi Arabia

Perma-Pipe International Holdings, Inc., announces $46 million in Contract Awards in the Middle East Region

Perma-Pipe International Holdings, Inc. Announces Second Quarter Financial Results

Perma-Pipe International Holdings, Inc., announces $4 million in Contract Awards in the Americas Region

Perma-Pipe International Holdings, Inc. Announces $15 Million in Contract Awards in the Americas and Middle East Regions

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