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

Raia Drogasil (OTC:RADLY) Azioni, Report sulle vendite allo scoperto

Raia Drogasil

Raia Drogasil SA is a large retail drug store operator in Brazil. The company's stores sell branded and generic medication, over-the-counter medicine, health and beauty aids, perfumery, cosmetics, household items, and personal care products. The company also acts as a pharmacy benefit manager, performing medical purchases with prenegotiated discounts. The majority of Raia Drogasil's revenue is generated through branded drug sales, while the bulk of the remaining revenue stems from perfumery, over-the-counter drugs, and generic drugs. The company owns a variety of stakes in operational subsidiaries.

RAIA DROGASIL SA SPNS/ADR by Raia Drogasil SA

Raia Drogasil SA

Keybanc analyst Eric Gonzalez maintains Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) with a Overweight and lowers the price target from $37 to $36.

News

Price Target

Analyst Ratings

Keybanc Maintains Overweight on Dine Brands Global, Lowers Price Target to $36

Keybanc analyst Eric Heath maintains CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Overweight and raises the price target from $310 to $340.

CYBR

Keybanc Maintains Overweight on CyberArk Software, Raises Price Target to $340

B of A Securities analyst Ross Gilardi downgrades Kennametal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMT#NYSE">KMT</a>) from Neutral to Underperform and maintains the price target from $26 to $26.

Downgrades

B of A Securities Downgrades Kennametal to Underperform, Maintains Price Target to $26

Wall Street is priming for a positive start on Friday after the major averages ended narrowly mixed in the previous session. <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">Positive reaction</a> to Netflix, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) earnings could provide a lift to the tech space, given earnings news flow from the sector will likely start in earnest next week. Earnings and speeches by Federal Reserve officials could set the tempo for Friday&#8217;s session. China&#8217;s third-quarter GDP rose slightly more than estimates, allaying the fears of traders. Gold continues to make record after record, while oil continues to have a volatile ride amid geopolitical tensions.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.39%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.17%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.03%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.46%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.23% to $583.61 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) jumped 0.51% to $493.75, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed narrowly mixed as traders digested a batch of mixed economic data as well as a flurry of earnings. After opening higher, the major indices experienced some volatility in the morning, although holding mostly above the unchanged line. 
Stocks gave back most of their gains in late afternoon trading before finishing on a mixed note. 
The Dow Industrials closed at fresh intraday and closing highs, thanks to a positive reaction to Travelers Companies, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) earnings, while the S&amp;P 500 Index hit an intraday high before squandering all the gains and closing marginally lower.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.04%</td>
<td>18,373.61</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.02%</td>
<td>5,841.47</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.37%</td>
<td>43,239.05</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.25%</td>
<td>2,280.85</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
After separate reports showed strong September retail sales growth, jobless claims, which fell after Hurricane Helene&#8217;s impact wore off, and a decline in industrial production amid the Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) strike, Comerica Chief Economist Bill Adams said, &#8220;The economy is in pretty good shape.&#8221; &#8220;Since consumer spending fuels two-thirds of U.S. demand, the economy can't be doing too bad as long as consumers still have their pocketbooks open,&#8221; he said.
The economist expects the Hurricanes that devastated swathes of the Southeast in late September and early October to be a big drag on releases for October.&nbsp;This will make it difficult to read the underlying trend accurately, he said.
Calling the headwinds temporary, Adams said, &#8220;With the Fed expected to continue lowering interest rates through the turn of the year, credit-sensitive sectors of the economy should perk up in coming quarters, sustaining the economic expansion into 2025.&#8221;
See Also:<a href="https://www.benzinga.com/money/best-strategies-for-futures-trading"> Best Futures Trading Strategies in 2024</a>
Upcoming Economic Data:
<ul>
<li>The Commerce Department will release the housing starts report for September at 8:30 a.m. EDT. Economists, on average, estimate housing starts to come in at a seasonally adjusted annual rate of 1.35 million units, slightly down from the 1.36-million-unit rate in August. Building permits, an indicator of future housing starts may have declined from 1.48 million units to 1.45 million units.</li>
<li>Among the Fed speakers scheduled for the day are:
<ul>
<li>Atlanta Fed president Raphael Bostic: 9:30 a.m. EDT</li>
<li>Minneapolis Fed President Neel Kashkari: 10 a.m. EDT</li>
<li>Fed Governor Christopher Waller is due to speak at 12:10 p.m. EDT.</li>
</ul>
</li>
<li>The Atlanta Fed&#8217;s GDPNow data for the third quarter will be released at 10:30 a.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Netflix climbed about 5.75% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the streaming giant&#8217;s quarterly results.</li>
<li>Among the other stocks moving on earnings are Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) (up nearly 7%), and Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) (down over 5.25%.</li>
<li>Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>), Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>), Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>), Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), Regions Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) and Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) and American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) are among the noteworthy <a href="https://www.benzinga.com/calendars/earnings">companies reporting ahead of the market opening</a>.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) fell over 10% after the Wall Street Journal reported that the company is naming longtime executive David Joyner as its new chief, succeeding Karen Lynch.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) fell over 6% on a negative analyst action.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures pulled back modestly but gold futures gained ground as they scaled a fresh record. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) added over 1.50% over the past 24 hours and traded just under the $68K mark.
The 10-year U.S. Treasury note yield was little changed at 4.097%.
Asian stocks closed mostly higher, led by China and Hong Kong, which rallied on the back of the Chinese third-quarter GDP data. The Japanese market benefited from the yen&#8217;s weakness. The European Central Bank&#8217;s rate cut also buoyed sentiment.
The European markets also advanced in early trading, although the U.K. market was experiencing some weakness.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41397978/hedge-fund-billionaire-daniel-loeb-bets-on-trump-win-singles-out-this-recent-buy-as">Hedge Fund Billionaire Daniel Loeb Bets On Trump Win, Singles Out This Recent Buy As Having &#8216;Significant Upside Potential&#8217;</a></li>
</ul>
Image Via Shutterstock

Earnings

Equities

Futures

Previews

Economics

Federal Reserve

Pre-Market Outlook

Markets

Movers

Trading Ideas

$BTC

ALLY

COHR

FITB

ISRG

NFLX

US Stocks Set To End Week Strong As Netflix Q3 Earnings Boost Optimism, Gold Hits New Highs: What's Driving Sentiment Friday?

Amer Sports Says It Acknowledges Ruling Issued By Oslo District Court Which Prohibits It From Selling Some Products In Norwegian Market; Company Says It Disagrees With Ruling & Will Be Appealing Court's Decision

DoE Selects Consumers Energy To Receive Nearly $20M Financial Assistance Award To Deploy New Technology And Provide Real-time Visibility Into Grid

Apple Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone 16 scored a win in China in its first three weeks, highlighting the rising demand for luxury smartphones paired with artificial intelligence features. China is a crucial market for the company.
The iPhone 16 performance coincided with China&#8217;s stimulus plans and the upcoming holiday season.
Apple&#8217;s latest smartphone model clocked a sales growth of 20% year-on-year in their first three weeks, beating the iPhone 15, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-10-18/apple-iphone-16-sales-soar-20-in-china-debut-as-demand-recovers?srnd=phx-technology&amp;sref=TBDibEcD" rel="noreferrer noopener">cites</a> Counterpoint Research data.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41143369/apple-to-launch-budget-iphone-in-2025-aims-for-market-share-gains-from-huawei-and-xiaomi" rel="noreferrer noopener">Apple To Launch Budget iPhone in 2025, Aims for Market Share Gains from Huawei and Xiaomi</a>
The shift to the premium models fueled sales of the top-end Pro and Pro Max models by 44% year-on-year.
Counterpoint&#8217;s&nbsp;Ivan Lam attributed the iPhone 15&#8217;s weak initial response to production issues and competition from&nbsp;Huawei Technologies Co&#8217;s Mate 60 series.
However, challenges continue to lurk for iPhones from China&#8217;s domestic companies, like&nbsp;Vivo&#8217;s X200 Pro flagship, Huawei&#8217;s next-generation Mate device, and&nbsp;Xiaomi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACF#OTC">XIACF</a>) and&nbsp;Oppo&#8217;s upcoming offerings.
Lam also flagged the postponement of purchases by Chinese consumers until November&#8217;s Singles&#8217; Day to avail themselves of discounts from Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>)&nbsp;and&nbsp;JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>).
Separate reports indicated Chinese online retailers PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) Pinduoduo and Alibaba&#8217;s Taobao doled out discounts on the iPhone 16 series ahead of its official release due to its <a target="_blank" href="https://www.benzinga.com/news/24/09/40785959/iphone-16-fails-to-sway-some-chinese-buyers-im-going-to-buy-huaweis-tri-fold-phone-missing-ai-featur" rel="noreferrer noopener">lack of AI features</a>, which will likely roll out for Chinese users in 2025.
Pinduoduo started selling the iPhone 16 Plus with 512 gigabytes of storage at a 10% discount from the official price. The 128GB iPhone 16 is being sold at an even steeper 11% discount.
Both Pinduoduo and Taobao marketplace have slapped a 4% discount on the 256GB version of the high-end iPhone 16 Pro Max. Tmall shopping platform also offers buyers the option to pay for a new Apple handset in 24 instalments without interest charges.
Kuo Ming-chi of TF International Securities <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3278855/apples-iphone-16-already-selling-discount-china-ai-delay-cools-demand" rel="noreferrer noopener">told</a> SCMP that the global pre-order sales for the iPhone 16 are down 13% compared to last year&#8217;s iPhone 15 launch, partly due to the absence of Apple Intelligence and intense competition in China.
International Data Corporation (IDC)&nbsp;had <a target="_blank" href="https://www.benzinga.com/news/24/08/40600289/apples-market-share-poised-to-gain-genai-and-iphone-16-lead-the-way-idc" rel="noreferrer noopener">projected a recovery</a> in the smartphone market, which was hampered by the supply chain crisis fueled by the 2020 pandemic outbreak in China.
IDC pointed to the success of generative AI in the upcoming iPhone 16 and Apple&#8217;s ability to establish local AI partnerships in China as potential growth factors. It forecasts that GenAI smartphones will capture 18% of the market by 2024, fueled by premium device trends.
Apple stock gained 39% in the last six months. Investors can gain exposure to the stock through Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) and Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
Price Action: AAPL stock traded higher by 1.79% at $236.30 premarket at the last check on Friday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/10/41388050/apples-3nm-push-boosts-taiwan-semis-q3-ai-revenue-set-to-triple-analyst" target="_blank" rel="noreferrer noopener">Apple&#8217;s 3nm Push Boosts Taiwan Semi&#8217;s Q3, AI Revenue Set To Triple: Analyst</a></li>
</ul>
Photo courtesy: Apple

Government

Emerging Markets

Tech

Media

AAPL

BABA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

XIACF

XIACY

Apple iPhone 16 Sees 20% Sales Surge in China, But AI Absence Prompts Early Price Cuts

HC Wainwright &amp; Co. analyst Sean Lee reiterates Verastem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSTM#NASDAQ">VSTM</a>) with a Buy and maintains $7 price target.

Reiteration

VSTM

HC Wainwright & Co. Reiterates Buy on Verastem, Maintains $7 Price Target

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates Delcath Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCTH#NASDAQ">DCTH</a>) with a Buy and maintains $22 price target.

DCTH

HC Wainwright & Co. Reiterates Buy on Delcath Systems, Maintains $22 Price Target

B of A Securities analyst Vivek Arya maintains NVIDIA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a Buy and raises the price target from $165 to $190.

NVDA

B of A Securities Maintains Buy on NVIDIA, Raises Price Target to $190

BMO Capital analyst Fadi Chamoun downgrades Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) from Outperform to Market Perform and lowers the price target from $214 to $210.

ODFL

BMO Capital Downgrades Old Dominion Freight Line to Market Perform, Lowers Price Target to $210

On Friday, CVS Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) appointed longtime executive David Joyner as its new president and CEO, replacing Karen Lynch amid the company&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41398693/cvs-health-appoints-david-joyner-president-and-chief-executive-officer" rel="noreferrer noopener">ongoing financial struggles</a>.
Joyner, previously president of CVS Caremark and an executive vice president at the company, steps into this leadership role as Roger Farah, CVS&#8217;s board chairman, assumes the executive chair position.
The company warned that its upcoming third-quarter earnings, set for release on November 6, will miss Wall Street projections.
The company revealed preliminary third-quarter 2024 adjusted EPS of $1.05-$1.10, compared to the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $1.70</a>. Analysts expect sales of $92.73 billion.
Results for the third quarter include charges to record premium deficiency reserves (PDRs), primarily related to the company&#8217;s Medicare and Individual Exchange businesses inside its Health Care Benefits segment, of approximately&nbsp;$1.1 billion, which lowered third quarter 2024 Adjusted EPS by&nbsp;$0.63.
In the third quarter of 2024, CVS continued to experience medical cost trends over those projected in its prior outlook.
The Medical Benefit Ratio for the third quarter is currently expected to be approximately 95.2%, which includes a 220-basis point impact from the PDRs.
The company added, &#8221; In light of continued elevated medical cost pressures in the Health Care Benefits segment, investors should no longer rely on the company&#8217;s previous guidance.&#8221;
The pharmacy giant is also backing away from the fiscal year 2024 issued during the second-<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40220306/cvs-health-reports-mixed-q2-earnings-lowers-2024-outlook-reshuffles-segment-management" rel="noreferrer noopener">quarter earnings release</a>.
The company&nbsp;reported second-quarter sales of $91.23 billion, missing the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $91.51 billion</a>.&nbsp;Adjusted EPS of&nbsp;$1.83&nbsp;decreased from&nbsp;$2.21&nbsp;in the prior year, beating the consensus of $1.73.&nbsp;
In Q2 earnings, CVS Health revised its 2024 adjusted EPS guidance to $6.40-$6.65&nbsp;from at least&nbsp;$7.00&nbsp;versus consensus of $6.98.
CVS Health&nbsp;forecasted&nbsp;2024 sales of $369.0 billion—$372.0 billion versus a consensus of $368.876 billion at prior guidance of at least $369 billion.
The company expected a medical benefits ratio of 90.6% – 90.8% versus ~<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40220306/cvs-health-reports-mixed-q2-earnings-lowers-2024-outlook-reshuffles-segment-management" rel="noreferrer noopener">89.8% expected earlier</a>.
The company is already struggling as the Federal Trade Commission (FTC) filed a formal complaint against three major pharmacy benefit managers (PBMs)—CVS Health&#8217;s Caremark,&nbsp;Cigna Corp&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>)&nbsp;Express Scripts, and&nbsp;UnitedHealth Group Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)&nbsp;Optum—for allegedly engaging in unfair and anti-competitive practices that have inflated the list&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40964870/us-federal-trade-commission-sues-cvs-health-cigna-unitedhealths-pharmacy-benefit-managers-for-infl" rel="noreferrer noopener">price of insulin medications</a>.
As per an October report, CVS Health is also considering a major restructuring that could involve separating its&nbsp;retail <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/10/41115344/cvs-health-mulls-split-of-retail-and-insurance-divisions-to-address-financial-challenges-report" rel="noreferrer noopener">and insurance businesses</a>.
These talks with financial advisers explore how a potential breakup would work, although no final decisions have been made yet.
Price Action: At last check on Friday, CVS stock was down 12.30% at $55.87 during the premarket session.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41389304/abbott-labs-path-to-double-digit-earnings-growth-in-2025-this-analyst-is-optimistic" target="_blank" rel="noreferrer noopener">Abbott Labs Path To Double-Digit Earnings Growth In 2025? This Analyst Is Optimistic</a></li>
</ul>
Image via Shutterstock

Large Cap

Guidance

Health Care

Management

General

Pharmacy Retailer CVS Health Backs Away From Annual Forecast, Names New CEO

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth maintains Corcept Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORT#NASDAQ">CORT</a>) with a Buy and raises the price target from $45 to $80.

CORT

HC Wainwright & Co. Maintains Buy on Corcept Therapeutics, Raises Price Target to $80

Baird analyst David Rescott maintains Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) with a Outperform and raises the price target from $503 to $565.

Baird Maintains Outperform on Intuitive Surgical, Raises Price Target to $565

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates Kezar Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KZR#NASDAQ">KZR</a>) with a Neutral.

HC Wainwright & Co. Reiterates Neutral on Kezar Life Sciences

AVTR

Avantor Closes Previously Announced Divestiture Of Its Clinical Services Business  In A Transaction Valued At Approximately $650M, Company Sees $500M In After-tax Cash Proceeds And Reduction Of Approximately $50M In Capitalized Leases

SOBR Safe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOBR#NASDAQ">SOBR</a>) shares are trading higher Friday morning. On Thursday, the company filed a Form RW indicating that it has decided not to <a target="_blank" href="https://ir.sobrsafe.com/sec-filings/all-sec-filings/content/0001477932-24-006541/sobr_rw.htm" rel="noreferrer noopener">proceed </a>with the proposed public offering at this time.
The Commission has not declared the Registration Statement effective, and no securities have been sold in connection with the offering.
Recently, the company announced the pricing of a private placement with institutional investors, expected to<a href="https://www.benzinga.com/news/24/10/41231927/why-sobr-safe-stock-is-getting-hammered" target="_blank" rel="noreferrer noopener"> raise $8.2 million in gross proceeds</a>.
The company planned to issue 2.02 million units at $4.05 per unit, each consisting of one share of common stock or a pre-funded warrant, along with Series A and Series B warrants.
The proceeds were intended to be used for general corporate purposes and working capital. The private placement was expected to close by October 8, pending customary closing conditions.
Price Action: SOBR shares are up 116.3% at $17.20 premarket at the last check Friday.
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</ul>

Small Cap

SOBR

Why Is SOBR Safe Stock Rocketing On Premarket Friday?

Contracts

LASE

Laser Photonics Completes Dual Follow-On Sale To Deliver Two Additional CleanTech Industrial Roughening Laser 3050 Systems To Acuren

VERI

Veritone Enhances Veritone Track To Add Ai-powered Vehicle Tracking; In Addition To Vehicle Tracking, Veritone Track Assists Agencies With Several Other Applications

Manara Minerals, a joint venture between Saudi Arabia's Public Investment Fund (PIF) and Ma'aden (Saudi Arabian Mining Co), is nearing a deal to purchase a 15% to 20% stake in First Quantum Minerals (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FQVLF#OTC">FQVLF</a>) Zambian copper and <a target="_blank" href="https://www.benzinga.com/topic/nickel" rel="noreferrer noopener">nickel assets</a>.
The potential transaction, which Reuters <a target="_blank" href="https://www.reuters.com/markets/deals/saudis-manara-advanced-talks-buy-stake-first-quantums-zambian-mines-2024-10-16/" rel="noreferrer noopener">reported</a> citing information from trusted sources, is valued between $1.5 billion and $2 billion. It includes First Quantum's Kansanshi and Sentinel copper mines and the Enterprise nickel mine.
This deal aligns with Manara's recent investments, including a <a target="_blank" href="https://www.benzinga.com/news/24/10/41311099/terrorism-in-pakistan-threatens-foreign-mine-development-saudi-arabia-still-invests-billions" rel="noreferrer noopener">$1 billion commitment </a>to Barrick Gold's Reko Diq project in Pakistan and a $2.5 billion investment in Brazilian mining giant Vale.
The sale of its Zambian assets would help the company manage its debt while retaining control over its key operations.
In December 2023, after the Panama government <a target="_blank" href="https://www.benzinga.com/markets/commodities/23/12/36259547/copper-shortage-first-quantums-cobre-panama-mine-shuts-down-threatening-supply-balance" rel="noreferrer noopener">ordered the shutdown</a> of its flagship Cobre Panama mine, First Quantum lost significant revenue, pushing the company to <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/03/37483591/first-quantum-exploring-zambian-asset-sales" rel="noreferrer noopener">explore capital restructuring</a>, including selling assets and issuing a $1 billion share offering.
Zambia, a major player in global copper production, holds vast potential for mining investors, as this metal is critical to the green energy transition. This year, B, a startup backed by billionaires including Bill Gates and Jeff Bezos, announced the discovery of one of the <a target="_blank" href="https://www.benzinga.com/news/24/02/36940360/kobold-metals-announces-historic-copper-discovery-in-zambia" rel="noreferrer noopener">largest copper deposits</a> in Zambia's history at the Mingomba site. However, the country's mining sector faces significant challenges, particularly in terms of infrastructure.
Road and rail networks are underdeveloped, limiting material transport, and the country has faced ongoing issues with power supply.
Zambia relies on hydropower for 80% of its electricity, but droughts and fluctuating rainfall have caused frequent shortages.
For companies like First Quantum, ensuring consistent energy for operations has become a key concern. Emergency measures such as importing electricity from South Africa's Eskom have been implemented to mitigate the impact.
Power outages disrupt operations and make mining investments less attractive to foreign investors. The mining industry generates as much as 70% of exports while using about half of the national power demand, making the country's plan to boost the copper output to 1 <a target="_blank" href="https://www.benzinga.com/markets/commodities/24/04/38115830/zambia-mining-boom-the-road-to-1-million-tons-of-copper" rel="noreferrer noopener">million tons by 2026</a> ambitious.
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Hugo Ste-Marie and the rest of his portfolio strategists at the Bank of Nova Scotia recently compiled a list of <a href="https://www.theglobeandmail.com/investing/investment-ideas/article-scotiabanks-10-big-market-themes-for-2024-plus-rob-carricks-top-tfsa/">10 major market themes</a> for 2024. One of them was about Latin America stocks.&nbsp;



Ideas included interest rate cuts, GDP expectations, United States savings, bonds, lower-than-expected earnings, large-cap stocks, S&amp;P 500 predictions, the Magnificent 7, and the type of stocks to buy in 2024.&nbsp;&nbsp;&nbsp;



As for Latin American equities, Ste-Marie expects them to outperform Asian equities in the year ahead, emphasizing that China stocks will underperform due to growth struggles.&nbsp;



I remain a big believer in the Latin American economy and stocks. Further, 2024 will be an excellent year to broaden your horizons beyond America.



Axel Christensen, Director of Investment Strategy for Latin America at BlackRock, believes Brazil stocks have attractive valuations compared to other emerging markets.




&ldquo;The inflation outlook in Brazil is promising, as it has reached the lowest levels in three years, allowing the central bank to start the rate cutting cycle, which will boost economic growth,&rdquo; Christensen <a href="https://www.bloomberglinea.com/english/top-latin-american-countries-to-invest-in-2024-according-to-experts/" target="_blank">told Bloomberg Linea in September</a>.




Here are three Latin America stocks to buy, emphasizing Brazil.&nbsp;



<h2>Itau Unibanco Holding (ITUB)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/itau-unibanco-itub-1600-300x169.png" alt="The logo for Ita&uacute; Unibanco is seen on a sign."><div>Source: SERGIO V S RANGEL / Shutterstock.com</div></div>


Itau Unibanco Holding (NYSE:<a href="https://investorplace.com/stock-quotes/itub-stock-quote/">ITUB</a>) got its start <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001132597/000129281423001950/itubform20f_2022.htm#form20f_017" target="_blank">in 1924</a>.



Retailer Jo&atilde;o Moreira Salles, the owner of Casa Moreira Salles, obtained a banking license from the Brazilian government to operate in the banking sector as a correspondent bank (correspondente banc&aacute;rio) for the leading banks in the state of Minas Gerais.&nbsp;



Ultimately, the bank became known as Unibanco. It merged with Itau in 2008, becoming Itau Unibanco Holding. At the time, it was one of the world&rsquo;s 20 largest banks by assets. It continues to grow organically and through acquisitions.&nbsp;



Today, it operates retail banking, private banking, asset management, and corporate and investment banking. It has operations in <a href="https://www.itau.com.br/relacoes-com-investidores/en/itau-unibanco/corporate-profile/">17 countries</a>, including the U.S.



On Dec. 6, the bank <a href="https://finance.yahoo.com/news/itau-unibanco-itub-expands-offering-162700712.html" target="_blank">launched a cryptocurrency</a> trading service for its banking and asset management clients. It initially permits trading for Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc:usd/">BTC:USD</a>) and Ethereum (<a href="https://investorplace.com/cryptocurrency/eth:usd/">ETH:USD</a>). It will add additional cryptocurrencies as it becomes more comfortable with crypto trading.



As the Brazilian central bank prepares to introduce Drex, the digital version of the real, banks such as Itau Unibanco have been forced to upgrade their tech infrastructure to ensure they can handle the digital currency.&nbsp;



The bank&rsquo;s shares are up more than 45% in 2023. Despite these significant gains, the current price equals its share value in February 2020. They currently trade at <a href="https://www.morningstar.com/stocks/xnys/itub/valuation">7.8 times</a> its forward earnings, <a href="https://www.morningstar.com/stocks/xnys/jpm/valuation">20%</a> less than the forward P/E of JPMorgan Chase (NYSE<a href="https://investorplace.com/stock-quotes/:jpm-stock-quote/">:JPM</a>).&nbsp;



<h2>Petroleo Brasileiro (PBR)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/pbr_petrobras1600-300x169.png" alt="Petrobras distributor in the industry and supply sector.. PBR stock"><div>Source: rafastockbr / Shutterstock.com</div></div>


Oil prices have been at their lowest level in the past year, under $70 a barrel of West Texas Intermediate (<a href="https://investorplace.com/stock-quotes/wti-stock-quote/">WTI</a>). However, Petroleo Brasileiro (NYSE:<a href="https://investorplace.com/stock-quotes/pbr-stock-quote/">PBR</a>) American Depositary Receipts (ADRs) are up nearly 40% over the past 52 weeks. This compares very favorably with Exxon Mobil (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/">XOM</a>), whose shares are down almost 8% over the same period.&nbsp;



In late November, the company said that it would invest approximately <a href="https://www.reuters.com/markets/commodities/brazils-petrobras-invest-102-billion-next-five-years-2023-11-23/">$102 billion</a> between 2024 and 2028 as part of its strategic plan to grow its business. It was the first five-year plan of new CEO Jean-Paul Prates, who was <a href="https://brazilian.report/liveblog/politics-insider/2023/04/28/petrobras-chairman-prates-ceo/">officially confirmed</a> as CEO in April. It is 31% higher than its five-year plan from 2023 to 2027.



Prates recently said that Brazil <a href="https://www.reuters.com/markets/commodities/brazil-join-opec-wont-cap-oil-output-petrobras-ceo-says-2023-12-01/">would join OPEC+</a> in January but that it would go along with the group&rsquo;s production caps in place.&nbsp;




&ldquo;There is no quota,&rdquo; Reuters reported Prates&rsquo; comments. &ldquo;We would never be part of an organization that imposes (production) quotas to Brazil, Petrobras is a publicly-traded company and we cannot have quotas.&rdquo;




Of the <a href="https://www.marketwatch.com/investing/stock/pbr/analystestimates">15 analysts</a> covering its stock, 10 rate it &ldquo;Overweight&rdquo; or an outright &ldquo;Buy,&rdquo; with a target price of $17.07, 18% higher than where it&rsquo;s currently trading.&nbsp;&nbsp;



<h2>Raia Drogasil (RADLY)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/pharmaceutical1600-300x169.png" alt="pharmaceutical industry. Production line machine conveyor with glass bottles ampoules at factory"><div>Source: Dmitry Kalinovsky / Shutterstock.com</div></div>


Raia Drogasil (OTCMKTS:<a href="https://investorplace.com/stock-quotes/radly-stock-quote/">RADLY</a>) is the largest drug-store chain in Brazil with <a href="https://ir.rd.com.br/listresultados.aspx?idCanal=2nlFyAThvxbpyfXPHKc5zw==&amp;linguagem=en">2,868 stores</a> [Q3 2023 presentation link], generating 2022 revenue of <a href="https://ir.rd.com.br/show.aspx?idCanal=6aULUwMyMFpYyWDTxjQNnQ==&amp;linguagem=en">30.9 billion</a> Brazilian real ($6.23 billion). The company was created through the November 2011 merger between Droga Raia and Drogasil. Their histories date back to 1905 and 1935, respectively.&nbsp;



Despite its size, the company controls just 15.1% of the market share in Brazil. This means there is a long-term opportunity to make a consolidation play over the next decade. This provides the rationale for its investment.



In the third quarter, the chain&rsquo;s revenues increased by 16.3% over Q3 2022, to 9.3 billion Brazilian real ($1.87 billion), with digital revenues accounting for 14% of revenue, up 51.4%. On the bottom line, its adjusted net income was 268.4 million Brazilian real ($54.1 million), 33% higher year-over-year.&nbsp;



Its highest market share by region is Sao Paulo, at 27.4%, almost double the market share for the entire country.&nbsp;



On the date of publication, Will Ashworth did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> Publishing Guidelines</a>.
<div>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2023/12/3-stocks-to-ride-the-latin-america-market-boom-in-2024/">3 Stocks to Ride the Latin America Market Boom in 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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