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Aker Carbon Capture ASA is a carbon capture technology provider. The company's proprietary carbon capture process uses a mixture of water and organic amine solvents to absorb the CO2. This process can be applied to emissions from various sources, from gas, coal, cement, refineries, and waste-to-energy through to hydrogen and other process industries. Its products and services include Just Catch, Offshore Just Catch, Big Catch, Mobile Test Unit - Rental service, CO2 for Enhanced Oil Recovery (EOR), and Storage Practice.

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America&#8217;s increasing reliance on government debt has been labeled a &#8220;fatal flaw&#8221; by&nbsp;Ruchir Sharma, chair of&nbsp;Rockefeller International. He warns that this dependency is creating a massive economic bubble that is on the verge of bursting. 
What Happened: The &#8220;mother of all bubbles&#8221; in the U.S. economy, driven by excessive debt, is on the verge of bursting, according to&nbsp;Ruchir Sharma, chair of&nbsp;Rockefeller International. In a recent&nbsp;<a href="https://www.ft.com/content/9a0da0d6-92b4-4034-ac25-7b4abcbb0bbe">column</a>&nbsp;in the Financial Times, Sharma highlighted America&#8217;s growing dependency on government debt as a critical weakness. He noted that attempts to control this addiction could hinder economic growth and corporate earnings.
Sharma emphasized that while Wall Street celebrates strong earnings, these figures are less impressive when adjusted&nbsp;for government spending and the&nbsp;influence of major tech companies. He pointed out that &#8220;supernormal profits&#8221; often normalize due to competition. The current economic boost is partly due to unprecedented deficit spending, which inflates growth and profits artificially.
&#8220;But every hero has a fatal flaw. America's is its sharply increasing addiction to government debt,&#8221; he wrote.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/24/12/42619049/celebrities-like-ellen-degeneres-david-beckham-and-simon-cowell-have-turned-englands-idyllic-cotswolds-into-a-list-mecca?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Celebrities Like Ellen DeGeneres, David Beckham And Simon Cowell Have Turned England&#8217;s Idyllic Cotswolds</a>
According to Sharma, U.S. public debt is nearing 100% of GDP, a level not seen since World War II. The cost of servicing this debt has surged, with interest expenses now reaching $1 trillion annually, surpassing defense spending. Despite the federal deficit, U.S. households and businesses maintain strong financial health, supporting the economy.
Sharma warned that next year, investors might demand higher interest rates or fiscal discipline, potentially reducing reliance on government spending and affecting growth. He also noted that other global economies could challenge America&#8217;s economic dominance, signaling an end to the current bubble.
Why It Matters: The warning from Sharma&nbsp;aligns with concerns raised by the&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41495286/deficit-strain-in-washington-will-get-worse-imf-warns-national-debt-projections-rev">International Monetary Fund (IMF)</a>&nbsp;about the U.S. fiscal outlook. In October, the IMF projected a persistently high budget deficit and a national debt unlikely to stabilize by 2029. The Washington-based institution highlighted that both U.S. and Chinese debts have a low probability of stabilizing, underscoring the global implications of America&#8217;s fiscal policies. 
Meanwhile, SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which tracks the S&amp;P 500, has increased 25.07% in terms of year-to-date (YTD) returns while that of Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose by 28.83%, as of Monday pre-market hours, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>.
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General

America's 'Fatal Flaw' Is Its 'Sharply Increasing Addiction' To Government Debt, Says Expert And The 'Mother Of All Bubbles' Is Ready To Pop

In a groundbreaking development,&nbsp;Botto, an AI-powered artist, has successfully generated over $5 million through the auction of its digital artworks since 2021. This achievement marks a significant milestone in the intersection of technology and art.
What Happened: Botto, a &#8220;decentralized autonomous artist,&#8221; has been making waves in the art world. Developed&nbsp;by software collective ElevenYellow and&nbsp;German artist&nbsp;Mario Klingemann, Botto creates images based on algorithmic prompts, initially using random words and symbols. Each week, it generates approximately 70,000 images, presenting 350 to the BottoDAO community for voting, CNBC <a href="https://www.cnbc.com/2024/12/23/botto-the-ai-machine-artist-making-millions-of-dollars.html">reported</a>&nbsp;on Monday.
The BottoDAO, comprising around 5,000 members, selects one image weekly to be sold on the SuperRare NFT platform. Voting is free, but purchasing Botto tokens grants additional voting points, increasing influence on Botto&#8217;s creative output. Half of the auction proceeds are shared among voters, while the rest funds Botto&#8217;s operations. Notably, Botto&#8217;s value has soared, with two early images fetching $276,000 at a recent Sotheby&#8217;s auction, despite initial reserve prices of $13,000 to $15,000.
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42609769/elon-musk-is-a-legendary-entrepreneur-but-also-a-bully-says-openai-ceo-sam-altman-now-its-me-its-been-bezos-gates-zuckerberg-lots-of-other-people?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk A Legendary Entrepreneur But Also A Bully, Says OpenAI CEO Sam Altman: &#8216;Now It&#8217;s Me, It&#8217;s Been&nbsp;Bezos, Gates, Zuckerberg, Lots Of Other People&#8217;</a>
Klingemann predicts that AI will soon surpass human creativity in art, with Botto&#8217;s success challenging traditional notions of authorship and emphasizing the collaborative nature of art creation.
Why It Matters: The rise of AI-generated art has sparked significant debate within the art community. In February, a&nbsp;<a href="https://www.benzinga.com/general/24/02/37398914/the-4-700-artist-ai-controversy-artists-accuse-midjourney-and-other-ai-firms-of-unauthorized-use-in">lawsuit&nbsp;highlighted concern</a>s over the unauthorized use of copyrighted works by AI art generator companies, including Midjourney and Stability AI. This legal battle underscores the need for regulation in the rapidly evolving AI-generated art space.
Additionally, artists have taken measures to protect their work from unauthorized AI usage. In January 2024, a tool called&nbsp;<a href="https://www.benzinga.com/news/24/01/36712239/turning-ai-against-itself-nightshade-is-a-free-ai-poisoning-tool-that-aims-to-protect-artists">Nightshade&nbsp;was introduced</a>, employing &#8220;data poisoning&#8221; to make copyrighted images irreproducible by AI image generators. This development highlights the ongoing tension between technological innovation and artistic integrity.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/12/42569744/apple-reportedly-in-talks-with-tencent-tiktok-parent-bytedance-to-roll-out-ai-features-in-china?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Reportedly In Talks With Tencent, TikTok-Parent ByteDance To Roll Out AI Features In China</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Tech

This AI Artist Generates $5M Through Digital Art Auctions

Japanese automakers Honda Motor Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) and Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) have started talks for a <a href="https://www.benzinga.com/news/global/24/12/42541842/japanese-auto-giants-nissan-honda-eye-merger-says-nikkei">potential merger</a>, the two companies said on Monday.
What Happened: Nissan and Honda are planning to establish a joint holding company that will serve as the parent company for both Nissan and Honda. 
The joint holding parent company will be listed on the Tokyo Stock Exchange and Nissan and Honda will subsequently be delisted. The listing of the joint holding company is scheduled for August 2026.
The two companies aim to wrap up talks by June 2025. 
With the merger, the companies aim to increase sales revenue to more than 30 trillion Japanese Yen (approx. $191.34 billion) and to increase operating profits by more than 3 trillion yen.
Why It Matters: "Creation of new mobility value by bringing together the resources including knowledge, talents, and technologies that Honda and Nissan have been developing over the long years is essential to overcome challenging environmental shifts that the auto industry is facing,&#8221;&nbsp;Honda Director and Representative Executive Officer Toshihiro Mibe said. 
&#8220;We are still at the stage of starting our review, and we have not decided on a business integration yet&#8230;,&#8221; he added. 
Mitsubishi Motors is also <a href="https://www.benzinga.com/markets/asia/24/12/42545185/nissan-soar-over-20-on-merger-talks-with-honda-eyeing-8-million-annual-vehicle-sales">considering joining the merger</a>, the companies said, while adding that the smaller company is aiming to conclude whether it will participate by the end of January.
Nissan is a shareholder in Mitsubishi Motors.
The integration of the companies will mark the biggest merger in global auto history since Fiat Chrysler Automobiles and PSA <a href="https://www.benzinga.com/m-a/21/01/18991944/worlds-4th-largest-automaker-set-to-take-shape-monday">merged in 2021 to create</a> Stellantis NV.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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<li><a href="https://www.benzinga.com/tech/24/12/42640472/tesla-exec-bemoans-cost-of-sending-letter-to-owners-affected-by-ev-giants-recent-recall-of-nearly-700000-vehicles">Tesla Exec Bemoans Cost Of Sending Letter To Owners Affected By EV Giant&#8217;s Recent Recall Of Nearly 700,000 Vehicles</a></li>
</ul>
Photo courtesy: Shutterstock

Global

NSANY

Japanese Automakers Honda, Nissan Start Merger Talks: Mitsubishi Motors Considers Joining

Honda Motor Co., Ltd. ("Honda") and Nissan Motor Co., Ltd., ("Nissan"; Honda and Nissan are collectively referred to as the "Companies") have agreed to begin discussions and consideration toward a business integration (the "Business Integration") and have resolved at the boards of directors of each of the Companies to sign a memorandum of understanding regarding the consideration of the Business Integration, which has been duly executed
&nbsp;
<a href="https://global.honda/en/investors/library/filings/filings2024122301/main/0/link/CY2024_20241223_TSEfling_e_1_v1.pdf" title="https://global.honda/en/investors/library/filings/filings2024122301/main/0/link/CY2024_20241223_TSEfling_e_1_v1.pdf">https://global.honda/en/investors/library/filings/filings2024122301/main/0/link/CY2024_20241223_TSEfling_e_1_v1.pdf</a>

Honda, Nissan Earlier Announced Talks On Potential Business Integration; Honda, Nissan: Plan to Sign Definitive Merger Agreement in June 2025

The Future Fund Managing Partner Gary Black on Sunday said that a majority of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) car owners will likely not want to put their cars into the <a href="https://www.benzinga.com/topic/tesla-robotaxi">company&#8217;s robotaxi fleet</a>.
What Happened: &#8220;What % of Tesla owners would accept a stream of payouts from Tesla for deploying their cars in a TSLA robotaxi network to move people/luggage around every day?&#8221; Black posted on social media platform X while opining that over 50% will likely not want to rent their cars to Tesla&#8217;s robotaxi fleet.
Tesla CEO Elon Musk expects his company&#8217;s robotaxi fleet to function like a&nbsp;<a href="https://www.benzinga.com/news/24/04/38396288/teslas-robotaxi-to-be-called-cybercab-elon-musk-says-self-driving-fleet-will-be-like-combination-of" target="_blank" rel="noreferrer noopener">combination of Airbnb and Uber</a>. While a certain portion of the fleet will be owned by Tesla, individual customers can also add or subtract their vehicles to the robotaxi fleet at will for added earnings. As for riders, they can summon a car using the Tesla App, Musk said during the company's second-quarter earnings call in July. 
If Tesla charged $1 for every mile on a robotaxi ride and gave a 75% payout to car owners and every car had 25 trips every day with every trip being roughly 6 miles long, car owners could make roughly $40,000 per year by simply renting their car to the fleet, Black said while retaining his pessimism for users not wanting to rent their cars to the company fleet. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What % of Tesla owners would accept a stream of payouts from Tesla for deploying their cars in a TSLA robotaxi network to move people/luggage around every day? At 25 trips/day x 6 miles/trip x $1/mile x 75% payout, let's assume a TSLA owner could make $40K per year by renting…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1870855355229438099?ref_src=twsrc%5Etfw">December 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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Black is not alone in his doubts regarding Musk&#8217;s vision for his robotaxi fleet. In August, Uber Technologies Inc. CEO Dara Khosrowshahi <a href="https://www.benzinga.com/news/24/08/40299293/uber-ceo-dara-khosrowshahi-doubts-teslas-robotaxi-fleet-management-plans-but-maintains-hope-for-part">expressed doubts</a> about whether a car owner is going to want his car to be ridden in by a complete stranger. Tesla drivers will also likely want their car at the time when ridership is high, creating trouble in meeting demand, he said on an episode of The Logan Bartlett Show.
Building cars and operating a taxi fleet are "very very different" businesses, the Uber CEO then noted. While running a fleet, the company has to match people with their rides, and price the rides economically while also addressing other concerns like people getting sick in a car, losing items, or getting involved in accidents, he said.
Why It Matters: Tesla CEO&nbsp;Elon Musk&nbsp;said during Tesla's third-quarter earnings call that the company expects to start a ride-hail service in Texas and California starting next year,&nbsp;<a href="https://www.benzinga.com/news/24/10/41484511/palo-alto-may-open-streets-to-tesla-robotaxis-but-california-regulators-will-decide-fate" target="_blank" rel="noreferrer noopener">subject to regulatory approval</a>, with self-driving Model 3 and Model Y vehicles equipped with future versions of its full self-driving (FSD) driver assistance technology. While FSD currently requires active driver supervision, Musk and Tesla are hopeful that it can enable autonomous driving with future updates.
However, the vehicles might not all operate as driverless robotaxis initially in California and Texas but with a driver as some states demand it until the company touches certain milestones in terms of miles and hours driven, the company then said.
Last week, Bloomberg reported that Tesla is in <a href="https://www.benzinga.com/markets/equities/24/12/42575664/tesla-reportedly-in-talks-with-austin">early discussions with authorities in the city of Austin</a>, Texas, to roll out its&nbsp;autonomous vehicles for testing&nbsp;as early as 2025.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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<li><a href="https://www.benzinga.com/tech/24/12/42640472/tesla-exec-bemoans-cost-of-sending-letter-to-owners-affected-by-ev-giants-recent-recall-of-nearly-700000-vehicles">Tesla Exec Bemoans Cost Of Sending Letter To Owners Affected By EV Giant&#8217;s Recent Recall Of Nearly 700,000 Vehicles</a></li>
</ul>
Photo courtesy: Tesla

TSLA

Tesla Analyst Estimates Vehicle Owners Can Make $40,000 A Year By Renting EVs To Robotaxi Fleet That Elon Musk Likened To A Combination Of Airbnb And Uber, But Will It Take Off?

Leading Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) analysts Dan Ives and Gary Black revealed stark differences in their valuation approaches during a recent &#8220;Brighter with Herbert&#8221; show appearance, even as both remain bullish on the electric vehicle maker&#8217;s prospects.
What Happened: Ives, Managing Director at Wedbush Securities, maintains the Street&#8217;s highest price target of $515 with a bull case of $650, citing potential revenues from autonomous robotaxis and the company&#8217;s Optimus robot project. He projects Tesla&#8217;s earnings at $15 per share by 2030.
&#8220;The Tesla story changes because everything we looked at with robotaxi gets accelerated,&#8221; Ives <a href="https://www.youtube.com/watch?v=HgFLEO4UiJ8">said</a>, estimating autonomous vehicles could capture 20% of ride-shares by decade&#8217;s end. He values Tesla&#8217;s autonomous business alone at $1 trillion.
In contrast, Black, Managing Partner at The Future Fund LLC, takes a more conservative approach with a $380 target, well above the Street average of $275. Black forecasts $17 earnings per share by 2030 but excludes robotaxi and Optimus revenue from his calculations.
&#8220;Even if I assume Tesla took 25% of ride-sharing market share, that only adds about a dollar per share in earnings,&#8221; Black explained, noting his use of higher risk adjustments in Tesla&#8217;s valuation given its volatility.
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42640010/palantir-and-anduril-reportedly-lead-consortium-partner-with-spacex-and-openai-to-compete-against-traditional-defense-contractors-in-850-billion-us-military-market">Palantir And Anduril Reportedly Lead Consortium, Partner With SpaceX And OpenAI To Compete Against Traditional Defense Contractors In $850 Billion US Military Market</a>
Why It Matters: The valuation debate comes as Tesla&#8217;s stock has surged nearly 71% year-to-date, recently crossing the symbolic $420 level that CEO Elon Musk referenced in his controversial 2018 &#8220;funding secured&#8221; tweet. Morgan Stanley has named Tesla its top stock pick for 2025, citing the company&#8217;s advances in <a href="https://www.benzinga.com/24/12/42452806/teslas-red-hot-stock-meets-meme-magic-420-level-musk-celebrates-the-prophecy-analysts-react">autonomy and robotics</a>.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Am considering taking Tesla private at $420. Funding secured.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1026872652290379776?ref_src=twsrc%5Etfw">August 7, 2018</a></blockquote>
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</figure>
Both analysts expressed optimism about Tesla&#8217;s planned entry into the compact car segment, with Black suggesting a $25,000-$30,000 hatchback could expand Tesla&#8217;s market reach similar to how the Model Y boosted its presence in the crossover segment.
Tesla has a consensus target of $280.41 from 33 analysts, according to <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">data from Benzinga Pro</a>. The high is $515, and the low is $24.86. Recent ratings from Baird, Mizuho, and Goldman Sachs give an average target of $446.67, implying a 3.05% upside.
Year-to-date, the Tesla stock has gained 69.50%.
<figure class="wp-block-image aligncenter size-large is-resized"><a href="https://www.benzinga.com/quote/TSLA/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23043001/Screenshot-2024-12-23-at-2.58.00%E2%80%AFPM-1024x371.png" alt="" class="wp-image-703695" style="width:684px;height:auto" /></a></figure>
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<li><a href="https://www.benzinga.com/24/12/42639737/trumps-call-to-reclaim-panama-canal-sparks-backlash-every-square-meter-belongs-to-panama-says-president-mulino">Trump&#8217;s Call To Reclaim Panama Canal Sparks Backlash: &#8216;Every Square Meter Belongs To Panama,&#8217; Says President Mulino</a></li>
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

TSLA Stock Valuation Duel: Dan Ives Bets Big On Robotaxis While Gary Black Plays It Safe

<a href="https://x.com/KeilafOmer/status/1870878159782174735" title="https://x.com/KeilafOmer/status/1870878159782174735">https://x.com/KeilafOmer/status/1870878159782174735</a>

INVZ

Innoviz Technologies CEO Omer Keilaf Tweeted Sunday,  "...we wanted to give you heads up towards a big announcement we are going to share tomorrow pre-market"

Himax Technologies, Inc. ("Himax" or "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIMX#NASDAQ">HIMX</a>), an industry leader in fabless display driver ICs and other semiconductors, today announced that the Company and its AI ecosystem partners will unveil a suite of innovative, production-ready AIoT applications at CES 2025, powered by Himax's groundbreaking ultralow power WiseEye Module solutions. These designs will showcase intuitive, user-friendly AI capabilities set to transform multiple industries by improving productivity, scalability, automation, and efficiency, all while delivering better performance and lower power consumption. Himax's ultralow power WiseEye Module solutions are leading the AIoT revolution with their advanced, efficient, and scalable AI-driven technologies.
The Himax WiseEye Module seamlessly integrates ultralow power WiseEye AI processors and proprietary always-on CMOS sensors, designed with compact form factors, high integration, and plug-and-play functionality. Characterized by remarkably low power consumption at just single-digit milliwatts, it is ideal for battery-powered endpoint devices that cater to everyday life. The WiseEye Module incorporates versatile AI models from in-house or third-party partners, enabling no-code/low-code AI development for use cases like people counting, gesture recognition, human detection, face recognition, and audio command classification. This simplifies the AI development process, reducing cost and time, allowing AI developers, even those with limited AI expertise, to easily integrate advanced AI features into their systems and applications. Given their versatility, WiseEye Modules are poised to become foundational technology for a wide range of IoT applications.
At the event, a visionary and innovative lineup of ultralow power WiseEye Module solutions will be on display, showcasing their potential to revolutionize AI-powered applications across industries.

HIMX

Himax To Showcase AI-Powered Smart Tech Revolution at CES 2025

Smith &amp; Wesson Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) faces increased legal scrutiny as Mexico&#8217;s landmark lawsuit against U.S. gun manufacturers reaches a critical juncture at the Supreme Court, potentially creating new liability risks for the firearms industry.
What Happened: The lawsuit, filed in 2021, alleges that Smith &amp; Wesson and other defendants enabled gun trafficking to Mexican drug cartels through their business practices. According to ATF data <a href="https://www.cbsnews.com/news/guns-from-us-ending-up-in-mexico-60-minutes/">reviewed</a> by CBS News, an estimated 200,000 to 500,000 U.S. firearms are smuggled into Mexico annually, with 75% of confiscated weapons originating from the United States.
The case challenges traditional liability protections enjoyed by gun manufacturers under U.S. law. Mexico&#8217;s legal strategy, spearheaded by attorney Jonathan Lowy, argues that manufacturers are &#8220;aiding and abetting&#8221; gun trafficking by continuing to supply dealers with questionable sales patterns.
See Also: <a href="https://www.benzinga.com/markets/equities/24/12/42640010/palantir-and-anduril-reportedly-lead-consortium-partner-with-spacex-and-openai-to-compete-against-traditional-defense-contractors-in-850-billion-us-military-market">Palantir And Anduril Reportedly Lead Consortium, Partner With SpaceX And OpenAI To Compete Against Traditional Defense Contractors In $850 Billion US Military Market</a>
Why It Matters: Smith &amp; Wesson has denied the allegations as &#8220;not true.&#8221; The firearms industry has petitioned the Supreme Court, arguing that allowing such lawsuits could subject manufacturers to costly litigation from foreign entities attempting to influence U.S. gun control policies.
The lawsuit&#8217;s scope extends beyond manufacturers to include five Arizona-based gun dealers. Internal ATF documents revealed that 566 guns recovered in Mexico over a four-and-a-half-year period were traced to these dealers, with nearly 200 coming from a single retailer near Phoenix.
Aside from the Mexico lawsuit, Smith &amp; Wesson has also faced challenging market conditions weighing on its earnings &#8211; the company attributed its <a href="https://www.benzinga.com/news/24/09/40748035/smith-wesson-brands-reports-downbeat-results-joins-planet-labs-pbc-broadcom-and-other-big-stocks-mov">weaker second-quarter earnings</a> to inflationary pressures impacting consumers&#8217; spending.
Price Action: Smith &amp; Wesson Brands Inc. closed on Friday at $10.04, declining 1.47%. Over the past month, the stock has dropped 27.1%, 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/24/12/42639737/trumps-call-to-reclaim-panama-canal-sparks-backlash-every-square-meter-belongs-to-panama-says-president-mulino">Trump&#8217;s Call To Reclaim Panama Canal Sparks Backlash: &#8216;Every Square Meter Belongs To Panama,&#8217; Says President Mulino</a></li>
</ul>
Image via Wikimedia Commons
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

SWBI

Smith & Wesson's Fate Hangs In The Balance As Supreme Court Weighs Mexico's Gun Trafficking Lawsuit: SWBI Stock Down 27% Over Past Month, Here's What's Next

The CNN Money Fear and Greed index showed some easing in the fear level, with the index moving to the &#8220;Fear&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index surging almost 500 points during the session.
Even as the major indices recorded gains on Friday, all three averages fell last week. The Dow dipped around 2.3% to record its third losing week in a row. The S&amp;P 500 declined about 2%, while the Nasdaq Composite fell around 1.8% last week.
On the economic data front, the U.S. personal consumption expenditures price index rose 0.1% month-over-month in November down from 0.2% in each of the prior two months and compared to market estimates of 0.2%. The University of Michigan consumer sentiment rose to 74 in December, recording the highest level since April, versus a reading of 71.8 in November.
Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) reported better-than-expected earnings for its fourth quarter on Friday.
All sectors on the S&amp;P 500 closed on a positive note, with utilities, real estate, and information technology stocks recording the biggest gains on Friday.
The Dow Jones closed higher by around 498 points to 42,840.26 on Friday. The S&amp;P 500 rose 1.09% to 5,930.85, while the Nasdaq Composite surged 1.03% to close at 19,572.60 during Friday's session.
Investors are awaiting earnings results from Limoneira Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>), Bridgeline Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>), and Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 28.1, the index moved to the &#8220;Fear&#8221; zone on Friday, versus a prior reading of 21.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

AVXL

BLIN

LMNR

Dow Jumps Around 500 Points But Records 3rd Straight Weekly Loss: Greed Index Moves To 'Fear' Zone

Steve Ballmer, the former Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO, has bet heavily on the tech giant, which accounts for more than 80% of his investment portfolio. The result? His approach has paid off handsomely.
What Happened: In a Q&amp;A <a href="https://www.wsj.com/finance/investing/steve-ballmer-the-non-investing-guru-of-investing-b0058c11">with</a> The Wall Street Journal that was published on Sunday, Ballmer shared that over 80% of his holdings are tied to his former company, Microsoft, with the remainder invested in stock index funds.
He attributes his financial success to Microsoft&#8217;s strong performance, particularly after the AI boom sparked by Microsoft-backed OpenAI&#8217;s ChatGPT in November 2022.
"Microsoft's outperformed just about every other asset I could have owned," he stated, adding, "It's a little hard to say that it hasn't worked out."
See Also: <a href="https://www.benzinga.com/tech/24/12/42608964/samsung-one-ui-6-1-1-update-is-turning-this-galaxy-series-phones-into-paperweights-bricking-random-reboots-and-overheating-reported?itm_source=parsely-api">Samsung One UI 6.1.1 Update Is Turning This Galaxy Series Phones Into Paperweights: Bricking, Random Reboots And Overheating Reported</a>
Ballmer <a href="https://www.benzinga.com/markets/24/12/42638406/tech-titans-triumph-the-top-10-billionaires-who-made-big-gains-in-2024">holds a 4.5% stake in Microsoft</a>. Since 2020 till now, Microsoft has returned an average of 28.37% annually, significantly outperforming the S&amp;P 500's average return of around 11.08%.
When Ballmer was asked if his strategy applies to everyday investors, he said, &#8220;I'd suggest keeping it simple—unless you're truly committed to becoming an expert.&#8221;
Microsoft currently has a market capitalization of $3.346 trillion, making it the third most valuable company in the world. According to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>, Microsoft shares have risen by 17.72% year-to-date.
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: Ballmer&#8217;s strategy is influenced by Warren Buffett, who recommends S&amp;P 500 index funds <a href="https://www.benzinga.com/startups/24/10/41252767/warren-buffetts-timeless-advice-is-to-invest-in-stocks-that-youd-be-perfectly-happy-to-hold-if-the-m">for retail investors</a>.
Now worth $151 billion, according <a href="https://www.bloomberg.com/billionaires/">to</a> the Bloomberg Billionaire Index, Ballmer also has a significant investment in the Los Angeles Clippers, which has appreciated since his $2 billion purchase in 2014, now <a href="https://www.forbes.com/teams/los-angeles-clippers/">valued</a> at $5.5 billion.
Earlier this year, <a href="https://www.benzinga.com/markets/equities/24/07/39588200/bill-gates-hired-steve-ballmer-as-the-first-business-manager-at-microsoft-and-now-is-behind-him-">Ballmer&#8217;s wealth briefly surpassed</a> that of Microsoft co-founder Bill Gates. However, at the time of writing, Gates is at number seven on the list with a net worth of $160 billion, ahead of Ballmer.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/12/42609242/marques-brownlee-breaks-down-how-googles-ai-video-generator-veo2-outpaces-openais-sora?itm_source=parsely-api">Marques Brownlee Breaks Down How Google&#8217;s AI Video Generator Veo2 Outpaces OpenAI&#8217;s Sora</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Microsoft

Media

MSFT

Steve Ballmer's Winning Investment Strategy: Billionaire Says 'Keep It Simple' As His Microsoft Bet Pays Off Thanks To AI Boom

Goldman Sachs analyst Allen Chang initiates coverage on Pony AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) with a Buy rating and announces Price Target of $19.6.

Price Target

Initiation

Analyst Ratings

PONY

Goldman Sachs Initiates Coverage On Pony AI with Buy Rating, Announces Price Target of $19.6

&nbsp;Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that its stock will be added to the Nasdaq Biotechnology Index (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBI#NASDAQ">NBI</a>). The addition comes as a part of the annual reconstitution of the index. Alvotech's inclusion in the NBI will be effective when the U.S. market opens on Monday, December 23, 2024.

Government

Regulations

ALVO

Alvotech Joins Nasdaq Biotech Index, Effective Today

As the largest publicly traded dedicated non-operator, NOG has a large pipeline of acquisition opportunities and the Company frequently sends expressions of interest to acquire assets or businesses in order to evaluate and conduct due diligence on potential opportunities. Many of these requests to conduct diligence are rejected. The Company is not currently engaged in formal negotiations to acquire Granite Ridge.

Reported Friday, NOG Addressed Speculation On Granite Ridge Acquisition, Confirms No Formal Negotiations

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Limoneira Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>) to report a quarterly loss at 7 cents per share on revenue of <a href="https://www.benzinga.com/quote/LMNR/earnings">$42.45 million after</a> the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Limoneira shares gained 2% to $26.83 in after-hours trading.</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) bagged a key win in its legal battle against semiconductor design company Arm Holdings Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). A federal jury in Delaware ruled that Qualcomm did not violate its licensing agreement with Arm, clearing a hurdle for the San Diego, California-<a href="https://www.benzinga.com/24/12/42633922/qualcomm-bags-win-in-chips-licensing-trial-against-arm-but-the-battle-is-not-over-yet">headquartered chipmaker</a>. Qualcomm shares gained 1.9% to $155.72 in the after-hours trading session.</li>
<li>Analysts expect Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) to post a quarterly loss at 16 cents per share before the opening bell. Anavex Life Sciences shares gained 0.2% to $8.65 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Brenmiller Energy Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNRG#NASDAQ">BNRG</a>) shares rose sharply in after-hours trading on Friday after the company said it was awarded ISO/IEC 27001:2022 certification. Brenmiller Energy shares surged 12% to $0.8440 in the after-hours trading session.</li>
<li>Analysts expect Bridgeline Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) to post a quarterly loss at 5 cents per share on revenue of $3.87 million after the closing bell. Bridgeline Digital shares fell 0.7% to $1.48 in after-hours trading.</li>
</ul>
Check This Out:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

BNRG

QCOM

Qualcomm, Limoneira And 3 Stocks To Watch Heading Into Monday

SGML

Reported Friday, Sigma Lithium Secures Unanimous Approval For Triple Environmental License At Barreiro Mine

Fund manager Stephen Yiu of Blue Whale Growth Fund has forecasted that&nbsp;Broadcom Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) will yield substantial returns for investors by 2025, potentially surpassing AI chip heavyweight&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What Happened: Yiu said that tech giants like Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Google LLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) are looking to broaden their AI chip supplier base. Despite their substantial purchases of Nvidia&#8217;s GPUs, these companies are now also creating their own custom chips for AI applications, CNBC<a href="https://www.cnbc.com/2024/12/23/-the-next-nvidia-broadcom-is-the-ai-chip-stock-to-own-in-2025-investor-says.html"> reported</a> on Monday.
Yiu sees Broadcom as&nbsp;the next Nvidia in terms&nbsp;of potential outperformance, thanks to its strong partnerships with major tech firms. 
&#8220;Nvidia's&nbsp;GPUs are very powerful, but&nbsp;at the same time also&nbsp;very expensive,&#8221; Yiu noted. &#8220;From&nbsp;Microsoft's perspective, you don't want&nbsp;to become overly dependent on&nbsp;one single supplier.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/12/42624559/warren-buffett-says-a-surge-in-people-doing-big-dumb-things-is-tied-to-historically-easy-access-to-other-peoples-money?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett Says A Surge In People Doing &#8216;Big Dumb Things&#8217; Is Tied To Historically Easy Access To Other People&#8217;s Money</a>
Broadcom&#8217;s year to date returns have climbed 103.42% this year, as of Monday pre-market hours, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>. It hit a market cap of over $1 trillion after announcing that its AI revenue&nbsp;tripled to $12.2 billion in&nbsp;2024. The company is working&nbsp;with three major cloud computing&nbsp;customers, Meta, Alphabet, and ByteDance, to develop custom AI chips.
Despite still holding an investment in Nvidia, Yiu has significantly cut it from nearly 10% of his fund's portfolio. He views Broadcom as a more attractive investment opportunity due to its smaller size. 
&#8220;For&nbsp;a $1 trillion company to&nbsp;grow 50% to become $1.5&nbsp;trillion is reasonable. But for&nbsp;Nvidia to do that, they&nbsp;would need to add another&nbsp;$1.5 trillion, which is a&nbsp;very big number,&#8221; he elaborated.
Why It Matters: Broadcom&#8217;s CEO Hock Tan has <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42613368/broadcom-expects-decade-long-ai-chip-boom-as-big-tech-invest-billions">expressed strong confidence</a> in the sustainability of the AI boom. Big tech companies like Google, Meta, and ByteDance are investing heavily in designing custom processors to accelerate the training and deployment of AI systems. Even OpenAI and Apple have partnered with Broadcom to develop their AI server chips, diversifying their exposure to Nvidia.
Kurv Investment Management&#8217;s CEO Howard Chan recently mentioned that chipmakers like <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42600155/exclusive-nvidia-broadcom-tipped-to-dominate-ai-compute-wave-by-kurv-ceo">Nvidia and Broadcom </a>are leading the AI wave. He noted that demand is outstripping supply in this sector, benefiting chipmakers and cloud computing service providers.
Former House Speaker Nancy Pelosi (D-Calif.), known for her active stock market investments as a member of Congress, disclosed in June that she had <a href="https://www.benzinga.com/news/24/09/40692177/whats-going-on-with-broadcom-shares-today" target="_blank" rel="noreferrer noopener">acquired call options on Broadcom. </a>These options, adjusted to a strike price of $80 after a 10-for-1 stock split, are set to expire in June 2025.
Pelosi, a widely followed Congressional trader, has drawn <a href="https://www.benzinga.com/news/24/09/40692177/whats-going-on-with-broadcom-shares-today">significant attention to her stock holdings,</a> inspiring dedicated Pelosi portfolio trackers. 
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</ul>
Image via Shutterstock

AMZN

AVGO

GOOGL

NVDA

Is This Nancy Pelosi's Stock Pick Set To Overtake Nvidia? AI Chip Race To Heat Up By 2025 As Meta And Microsoft Look Beyond Jensen Huang's Chip Maker, Says Expert

<h3>Companies Reporting Before The Bell</h3>
• Anavex Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) is expected to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Bridgeline Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $3.87 million. 
• Limoneira (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>) is expected to report quarterly loss at $0.07 per share on revenue of $42.45 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Scheduled For December 23, 2024

WHLM

Reported Friday, Wilhelmina International Confirms Nasdaq Delisting, Last Trading Day Expected December 31, 2024

GLDG

Reported Friday, GoldMining Renews At-The-Market Program For Up To $50M In Common Shares

Aker Carbon Capture finance chief Berg to step down

Baron International Growth Fund Q1 2024 Shareholder Letter

Aker Carbon Capture ASA (AKCCF) Q1 2024 Earnings Call Transcript

Aker Carbon Capture ASA 2024 Q1 - Results - Earnings Call Presentation

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
My view is that expansionary monetary policy in the second half of 2024 is likely to be a major catalyst for a broad-based market rally. It&rsquo;s therefore a good time to accumulate high-quality <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a>. At the same time, risk taking investors can consider exposure to undervalued <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> that can potentially go ballistic.



While I am looking at a near term catalyst, the focus of this column is on penny stocks to buy and hold until 2027. During this period, I believe that the penny stocks discussed are likely to deliver 7-bagger returns.



Since the investment horizon is medium term, I have refrained from talking about purely speculative penny stocks. Instead, my view is on undervalued names with a good business and strong fundamentals. I would not lose sleep by holding a small portion of the portfolio in these undervalued penny stocks.



Let&rsquo;s discuss the business factors that can trigger a big rally in these ideas within the next three years.



<h2>Lithium Americas (LAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/lithium-americas-lac-1600-300x169.jpg" alt="smartphone with logo of Canadian company Lithium Americas Corp on screen"><div>Source: Wirestock Creators / Shutterstock.com</div></div>In my view, Lithium Americas (NYSE:<a href="https://investorplace.com/stock-quotes/lac-stock-quote/">LAC</a>) stock trading under $5 is a gift. Once sentiments reverse for lithium, LAC stock is likely to go ballistic from deeply undervalued levels.



To put things into perspective, Lithium Americas has a current market valuation of $990 million. In comparison, the after-tax net present value of Thacker Pass asset is $5.7 billion. Purely based on asset valuation, the stock can be a six-bagger from current levels.



However, if we look beyond this, the Thacker Pass has a mine life of 40 years. Once both the phases of the lithium asset are commercialized, the <a href="https://lithiumamericas.com/files/doc_presentation/2024/05/LAC-Corporate-Presentation.pdf">annual EBITDA from the asset</a> is likely at $2 billion. Clearly, operating, and free cash flows will be robust. Further, estimates can change on the upside if lithium skyrockets due to supply-gap concerns in the coming years.



I would therefore buy and hold LAC stock. With <a href="https://lithiumamericas.com/news/news-details/2024/Lithium-Americas-Provides-a-Thacker-Pass-Construction-Plan-Update/default.aspx">commercialization</a> of the Thacker Pass asset due in 2027, multibagger returns are likely before that as the markets discount the cash flow potential.



<h2>Archer Aviation (ACHR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/achr1600-2-300x169.png" alt="Person holding cellphone with logo of American eVTOL aircraft company Archer Aviation Inc. (ACHR) on screen in front of webpage. Focus on phone display. Unmodified photo."><div>Source: T. Schneider / Shutterstock.com</div></div>The flying car industry is at a nascent stage. Companies that are likely to commercialized eVTOL aircraft in the next 12 months will have an early-mover advantage. Considering the immense potential the industry holds, I expect multibagger returns from the best <a href="https://investorplace.com/industries/consumer-discretionary/automotive/flying-cars/">flying car stocks</a>.



Archer Aviation (NYSE:<a href="https://investorplace.com/stock-quotes/achr-stock-quote/">ACHR</a>) is an attractive name to consider at current levels of $3.7. It&rsquo;s worth noting that ACHR stock has corrected by almost 40% for year-to-date. This seems like a good opportunity to consider fresh exposure.



I like the fact that Archer already has <a href="https://investors.archer.com/files/doc_financials/2023/q4/Shareholder-Letter-Q423-FINAL.pdf">an order backlog of $3.5 billion</a>. The Company is constructing its high-volume manufacturing facility in Georgia. This facility is likely to have a capacity of building 650 aircraft annually.



With commercialization likely next year, Archer is positioned for healthy upside in revenue. It&rsquo;s also worth noting that the Company has stitched partnerships in UAE and India for expansion in 2025 and 2026 respectively.



As Archer gradually completes the required certifications in the United States, I expect the Company to make inroads into new geographies. The initial years of commercialization are therefore likely to be exciting and ACHR stock can potentially deliver multi-fold returns.



<h2>Bitfarms (BITF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/bitf1600-300x169.png" alt="Bitcoin and crypto mining farm. Big data center. High tech server computers at work. Bitfarms (BITF) mines crypto."><div>Source: PHOTOCREO Michal Bednarek / Shutterstock.com</div></div>Bitfarms (NASDAQ:<a href="https://investorplace.com/stock-quotes/bitf-stock-quote/">BITF</a>) is one stock where I believe that seven-bagger returns are likely well before 2027. The Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) miner has corrected sharply by almost 40% for year-to-date. There are two reasons for the correction even as Bitcoin trends higher.



First, Bitfarms raised $375 million from an at-the-market equity offering program. The markets have therefore discounted the dilution factor. Further, with Bitcoin halving, mining is going to be relatively challenging. That&rsquo;s another factor being discounted in the stock.



Having said that, BITF stock looks undervalued considering the outlook for Bitcoin and the expansion plans. Chart expert, Peter Brandt <a href="https://www.coindesk.com/markets/2024/02/27/chart-expert-peter-brandt-raises-bitcoins-2025-target-to-200k-on-channel-breakout/">expects Bitcoin to peak</a> at $200,000 in the current bull market. If this holds true, BITF stock is likely to go through the roof.



Specific to Bitfarms, fundamentals are strong with a zero-debt balance sheet and a robust liquidity buffer. The Company plans to <a href="https://d1io3yog0oux5.cloudfront.net/_f3d6248e0d9d3f43b4152c6f73b4d887/bitfarms/db/862/8448/pdf/Investor+PPT+5.2.24+%281%29.pdf">increase hash rate capacity</a> from 6.5EH/s at the end of 2023 to 21EH/s by the end of the year. This is likely to translate into healthy revenue and cash flow upside. Further, as Bitcoin trends higher, the value of digital assets in the balance sheet will continue to swell.



<h2>Cronos Group (CRON)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/cannabis-stocks1600-3-300x169.png" alt="scientist checking organic hemp wild plants in a cannabis weed commercial greenhouse. Concept of herbal alternative medicine, cbd oil, pharmaceutical industry. Cannabis stocks, FLGC stocks"><div>Source: Chokniti-Studio / Shutterstock.com</div></div>There seems to be good things happening for the cannabis sector. Recently, Germany legalized the recreational use of cannabis. It&rsquo;s also likely that the U.S. will reclassify cannabis as a less dangerous drug (Schedule III).



Reports also indicate that even without federal level legalization, the U.S. cannabis market is <a href="https://www.globenewswire.com/en/news-release/2023/03/22/2632475/0/en/U-S-Cannabis-Sales-Could-Total-71B-in-2030-Without-Federal-Legalization.html">expected to be worth</a> $71 billion by 2030. Therefore, with a big addressable medicinal and recreational cannabis market in U.S. and Europe, there is ample headroom for growth.



Cronos (NASDAQ:<a href="https://investorplace.com/stock-quotes/cron-stock-quote/">CRON</a>) is among the best <a href="https://investorplace.com/industries/healthcare/cannabis/">cannabis stocks</a> to buy to benefit from positive industry tailwinds. It&rsquo;s worth noting that Cronos has gone slow on expansion plans. Before 2023, the Company had presence in Canada and Israel.



However, Cronos has <a href="https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-group-reports-2023-fourth-quarter-and-full-year-results1">entered the medicinal cannabis market</a> of Germany and Australia last year. Recently, the Company also <a href="https://ir.thecronosgroup.com/news-releases/news-release-details/cronos-enters-united-kingdom-cannabis-market">announced entry</a> in the United Kingdom. This might be the beginning of an aggressive expansion drive with Cronos sitting on a cash buffer of $862 million. Therefore, with the possibility of accelerated growth, I expect CRON stock to trend higher from undervalued levels.



<h2>Ring Energy (REI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/oil1600-300x169.png" alt="In the field, the oil pump in the evening, the evening silhouette of the pumping unit, the silhouette of the oil pump. Oil stocks and energy stocks"><div>Source: zhengzaishuru / Shutterstock.com</div></div>With the possibility of rate cuts in 2024 and next year, I expect energy prices to trend higher. Ring Energy (NYSE:<a href="https://investorplace.com/stock-quotes/rei-stock-quote/">REI</a>) stock looks significantly undervalued after remaining sideways for the last 12 months. Current levels of $1.8 look attractive for accumulation.



The first point to note is that Ring Energy reported proved reserves of 129mmboe as of 2023. The <a href="https://d1io3yog0oux5.cloudfront.net/_5f2f72e4982e5a2726fe7562b45ed0c9/ringenergy/db/880/7746/presentation/REI+Q1+2024+Supplemental+Information+Deck+FINAL++5-7-24.pdf">proved reserves have a PV10</a> (present value of estimated future oil and gas revenues, net of forecasted direct expenses) of $1.65 billion. In comparison, Ring Energy has a market valuation of $350 million. This puts into perspective the extent of undervaluation.



It&rsquo;s also worth noting that for Q1 2024, the Company reported adjusted free cash flow of $15.6 million. Ring Energy has reported positive AFCF for 18 consecutive quarters. With upside in production coupled with potentially higher realized price, I expect FCF to swell further. This will boost the Company&rsquo;s financial flexibility for investing in proved undeveloped reserves.



<h2>Solid Power (SLDP)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/sldp_solid_power_1600-300x169.png" alt="Smartphone with logo of American battery company Solid Power Inc. on screen in front of business website. Focus on center-left of phone display."><div>Source: T. Schneider / Shutterstock.com</div></div>Among EV penny stocks, Solid Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/sldp-stock-quote/">SLDP</a>) is the best pick for multibagger returns. The Company is working towards the commercialization of solid-state batteries and business developments have been encouraging. After a deep correction, SLDP stock has trended higher by 20% for year-to-date. I expect this positive momentum to sustain.



Last year, Solid Power delivered A-1 sample cells to clients for validation testing. The Company is <a href="https://www.solidpowerbattery.com/investor-relations/investor-news/news-details/2024/Solid-Power-First-Quarter-2024-Results-Reflect-Continued-Progress-Towards-2024-Goals/default.aspx">targeting to deliver</a> A-2 sample cells this year. This cell will address the challenges in the previous design. Further, the Company has also expanded electrolyte sampling with shipments to multiple potential customers.



I must add here that Solid Power has the backing of strong automotive partners that includes Ford (NYSE:<a href="https://investorplace.com/stock-quotes/f-stock-quote/">F</a>) and BMW (OTCMKTS:<a href="https://investorplace.com/stock-quotes/bmwyy-stock-quote/">BMWYY</a>). Earlier this year, the Company deepened its partnership with SK On. The target is to embed Solid Power into the Korean battery ecosystem.



Therefore, with continued progress on the R&amp;D front, strong partners, and ample financial flexibility, SLDP stock is a steal at current levels.



<h2>Aker Carbon Capture (AKCCF)</h2>



<a href="https://investorplace.com/wp-content/uploads/2021/03/penny-stocks-1.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/penny-stocks-1-300x169.jpg" alt="Stacks of pennies, penny stocks."></a>With global focus on decarbonisation, Aker Carbon Capture (OTCMKTS:<a href="https://investorplace.com/stock-quotes/akccf-stock-quote/">AKCCF</a>) is an interesting penny stock to buy. The Company is a provider of products, solutions, and technology in the field of carbon capture. With a big addressable market in U.S. and Europe, I expect Aker Carbon to deliver stellar growth in the coming years.



An important point to note is that the Company&rsquo;s proprietary carbon capture technology already has 60,000 operating hours. The technology is therefore proven and Aker has already delivered seven carbon capture units. Further, Aker Carbon has a <a href="https://akercarboncapture.com/wp-content/uploads/2024/04/ACC-Q1-2024.pdf">strong order backlog</a> of 2.3 billion Norwegian krone as of Q1 2024.



This is however just the beginning with the Company <a href="https://akercarboncapture.com/wp-content/uploads/2024/01/ACC-Q4-2023.pdf">targeting to secure contracts</a> to capture 10 million tonnes CO2 per annum by 2025. If this target is achieved, I expect stellar revenue and EBITDA growth. With the Company making aggressive inroads in the U.S. markets, I believe that the target is realistic.



On the date of publication, Faisal Humayun did not hold (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&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/7-massively-undervalued-penny-stocks-to-buy-for-7-bagger-returns/">7 Massively Undervalued Penny Stocks to Buy for 7-Bagger Returns</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Massively Undervalued Penny Stocks to Buy for 7-Bagger Returns

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s a good time to talk about penny ideas with the <a href="https://investorplace.com/stock-types/meme-stocks/">meme stocks</a> back in action. In my view, the price-action in <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>&#x2A; will be bigger in the coming quarters. Possible rate cuts will translate into easy money flowing into the financial system. Therefore, speculative activity is likely to increase.



Importantly, even in a meme stock rally, the price-action can be different depending on sectors. The reason for choosing clean energy penny stocks is the fact that the clean energy sector has multi-decade tailwinds. Hence, when speculative activity peaks, investors can grab hot clean <a href="https://investorplace.com/industries/energy/">energy stocks</a>.



In a euphoric rally, multibagger returns come at the blink of an eye. So, we will look at the ideas as a trading bet with a holding horizon of 6 to 12 months. Let&rsquo;s explore the reasons to be bullish on these clean energy penny stocks.



<h2>Aker Carbon Capture ASA (AKCCF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/12/clean-energy-graphic-300x169.png" alt="An illustration of various clean energy symbols; a faucet with water flowing to the earth, a windmill and solar panel with a plug leading to an electric car. clean energy stocks"><div>Source: RoseStudio / Shutterstock</div></div>Aker Carbon Capture ASA (OTCMKTS:<a href="https://investorplace.com/stock-quotes/akccf-stock-quote/">AKCCF</a>) is among the most attractive clean energy penny stocks to buy. The penny stock can deliver 10x returns in quick time.



Aker Carbon Capture ASA is a provider of products, solutions and technology related to carbon capture. The company&rsquo;s <a href="https://akercarboncapture.com/wp-content/uploads/2024/04/ACC-Q1-2024.pdf">proven technology</a> has over 60,000 operating hours with seven carbon capture units delivered.



Considering the market potential, this is just the beginning for AKCCF. With presence in Europe and America, the addressable market is significant. And now, the company is making the right moves.



In March 2024, Aker Carbon Capture ASA <a href="https://newsweb.oslobors.no/message/614772">announced a joint venture</a> with Schlumberger (NYSE:<a href="https://investorplace.com/stock-quotes/slb-stock-quote/">SLB</a>) to combine the respective carbon capture businesses. Once the transaction is completed, Schlumberger will own 80% of the entity with Aker Carbon Capture ASA owning 20%. The combined technology coupled with the financial backing of Schlumberger is likely to translate into significant value creation.



<h2>Plug Power (PLUG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/05/plug1600-9-300x169.png" alt="Mobile phone with logo of American hydrogen fuel cell company Plug Power Inc. in front of business website. Focus on center of phone display. Unmodified photo. PLUG stock"><div>Source: T. Schneider / Shutterstock.com</div></div>Plug Power (NASDAQ:<a href="https://investorplace.com/stock-quotes/plug-stock-quote/">PLUG</a>) was among the hottest <a href="https://investorplace.com/industries/energy/renewable-energy/">clean energy stocks</a> during 2021. However, there has been a sustained meltdown in PLUG stock to current levels of $3.2. While Plug Power has ambitious growth plans, the markets have been concerned about financing and execution. That&rsquo;s the key reason for the big correction.



However, at current levels, PLUG stock is deeply oversold. With positive tailwinds for the hydrogen economy, I am positive on a sharp rally from current levels. My view is underscored by several positive business developments.



The most important is a <a href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Receives-1.66-Billion-Conditional-Commitment-Loan-Guarantee-From-Department-of-Energy-for-Green-Hydrogen-Development-Pipeline/default.aspx">conditional loan commitment</a> of $1.66 billion from the U.S. Department of Energy (DOE). This financing will be used for development, construction and ownership of up to six green hydrogen production facilities. The loan commitment from the DOE adds significant credibility to the company&rsquo;s growth story.



Notably, Plug Power has been expanding internationally. Recently, the company signed a <a href="https://www.ir.plugpower.com/press-releases/news-details/2024/Plug-Signs-3-GW-BEDP-Contract-with-Allied-Green-Ammonia-for-Electrolyzer-Project-in-Australia/default.aspx">basic engineering and design package</a> with Allied Green Ammonia in Australia. The package is for a three-gigawatt (GW) electrolyzer plant for supplying hydrogen.



<h2>NANO Nuclear Energy (NNE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/shutterstock_1007906431-300x169.jpg" alt="clean energy stocks: a nuclear power plant in Belgium"><div>Source: engel.ac / Shutterstock</div></div>NANO Nuclear Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/nne-stock-quote/">NNE</a>) is an interesting pick for two reasons. First, the company has been recently listed and flies under the radar. Further, NNE claims to be the first nuclear micro-reactor company to be listed in the U.S.



Also, NANO Nuclear Energy commands a market valuation of just $110 million. It&rsquo;s a high-risk bet, but returns can be multi-fold if the products under development can support growth.



Presently, the company is <a href="https://ir.nanonuclearenergy.com/static-files/94e0692f-e097-47d8-935a-edbbcb23792d">developing a portable micro-reactor technology</a> along with nuclear fuel fabrication and transportation services. Also, the company is involved in the nuclear energy consulting services.



Therefore, the business is likely to be well-diversified in the next few years. The U.S. is the <a href="https://world-nuclear.org/information-library/country-profiles/countries-t-z/usa-nuclear-power">largest producer of nuclear power</a> and accounts for 30% of global nuclear electricity. Expect the nuclear support and consultancy business to gain traction next year. But keep in mind that the advanced nuclear micro-reactor is still in the development stage. So, it will require investments in the next few years before licensure.



&#x2A;On Penny Stocks and Low-Volume Stocks:&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.



Read More:&nbsp;Penny Stocks &mdash;&nbsp;<a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">How to Profit Without Getting Scammed</a>



On the date of publication, Faisal Humayun did not hold (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&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/3-clean-energy-penny-stock-picks-with-multibagger-returns-potential/">3 Clean Energy Penny Stock Picks With Multibagger Returns Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Clean Energy Penny Stock Picks With Multibagger Returns Potential

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
May was a month of haves and have-nots. The markets reached <a href="https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-hold-just-shy-of-record-high">all-time highs,</a> defying the skeptics. However, the indices&rsquo; action masked underlying carnage in several sectors, which has presented some oversold stocks to buy.



Lately, this has been a market of contrasts. Although impressive performances from stocks like Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) led the S&amp;P 500 to the highest monthly close ever, breadth has been weak. Indeed, looking under the hood, many stocks are making three-month lows.



Idiosyncratic factors have hit several industries. Software, for instance, has been a minefield as investors grapple with underwhelming guidance and the unknown disruption from AI. Meanwhile, <a href="https://investorplace.com/industries/energy/">energy stocks</a> have declined due to <a href="https://www.cnbc.com/2024/05/30/us-crude-oil-falls-3point2percent-in-may-on-pace-for-worst-month-of-the-year.html">falling oil prices,</a> whereas consumer staples have declined as consumers begin pushing back on higher prices.



These three oversold stocks to buy have suffered as their industries face the abovementioned challenges. However, this is an opportunity, given their long-term track record and bargain valuations at current levels.



<h2>Paycom Software (PAYC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/paychex-payx-1600-300x169.jpg" alt="Paychex Flex app is seen in the App Store on an iPhone"><div>Source: Tada Images / Shutterstock.com</div></div>This week, <a href="https://investorplace.com/industries/technology/software/">software stocks</a> were in the spotlight after Salesforce (NYSE:<a href="https://investorplace.com/stock-quotes/crm-stock-quote/">CRM</a>) <a href="https://www.reuters.com/technology/salesforce-plummets-weak-forecast-sparks-concern-ai-competition-2024-05-30/">reported underwhelming results,</a> leading to one of the worst daily declines ever in the sector. Unfortunately, Paycom (NYSE:<a href="https://investorplace.com/stock-quotes/payc-stock-quote/">PAYC</a>), a human capital management platform, was also caught up in the selloff. The decline added to the losses the stock had experienced due to product rollout problems.



However, the downturn in PAYC stock is overdone, and the stock is a bargain. Notably, the stock is over 70% below its October 2021 highs and is among the top oversold stocks to buy. The indiscriminate selling of software has created an opportunity for a highly profitable SAAS stock.



Notably, the company has achieved over 30% annual revenue growth over nearly the past decade, excluding 2020. But in 2023, <a href="https://seekingalpha.com/news/4027787-paycom-software-stock-sinks-40-after-q3-earnings-show-beti-cannibalization">operational missteps in a product rollout</a> led to 23% growth. Still, that&rsquo;s top-tier growth. Furthermore, the company has maintained operating margins above 20% and very high returns on invested capital.



As of this writing, the stock is trading at one of its lowest valuations. Although growth has slowed, management <a href="https://investors.paycom.com/news/news-details/2024/Paycom-Software-Inc.-Reports-First-Quarter-2024-Results/default.aspx">expects</a> a respectable 10% to 11% revenue growth this year. They have also guided for $720 to $730 million in EBITDA, meaning the stock is trading at a forward EV/EBITDA of 11. Without a doubt, Paycom is just too cheap to ignore.



<h2>Hormel Foods (HRL)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/hrl-1600-300x169.png" alt="Hormel Foods Logo shown on a laptop screen behind a phone screen also showing the logo. HRL stock."><div>Source: viewimage / Shutterstock</div></div>Inflation was a tailwind for food and snack companies. But now <a href="https://www.voanews.com/a/consumers-pushing-back-against-price-increases-and-winning-/7501705.html">consumers are pushing back,</a> causing volume declines. As a result, stocks like Hormel Foods (NYSE:<a href="https://investorplace.com/stock-quotes/hrl-stock-quote/">HRL</a>) have suffered, and it&rsquo;s one of the most oversold stocks to buy. No one should count out the maker of the <a href="https://www.hormelfoods.com/newsroom/press-releases/iconic-spam-brand-more-popular-than-ever-around-the-world/">iconic SPAM brand.</a> It has a long track record of execution.



Amid the uncertain consumer environment, management is working on strategic growth priorities. Already, these initiatives are bearing fruit. The food service segment had an impressive first half of the fiscal year 2024, with growing volume, net sales and segment profits. In <a href="https://s25.q4cdn.com/701713307/files/doc_earnings/2024/q2/earnings-result/hormel-earnings-release-q2-2024.pdf">Q2 2024,</a> volumes grew by 3% and net sales by 6%.



Furthermore, the company is investing in its brands to boost growth. A good example is increased advertising spending on the Planters Snack Nuts business, which it acquired from Kraft (NASDAQ:<a href="https://investorplace.com/stock-quotes/khc-stock-quote/">KHC</a>) in 2021. Due to these brand-building and innovation efforts, the brand saw momentum in volume and sales growth.



Taking it together, management will return this <a href="https://www.suredividend.com/dividend-kings-hrl/">Dividend King</a> to growth. For now, it&rsquo;s cheap. Management expects adjusted diluted net EPS of $1.55 to $1.65, which means that HRL stock trades at 20 times forward earnings. As a bonus, you earn a 3.65% dividend that stands out due to the <a href="https://www.marketbeat.com/stocks/NYSE/HRL/dividend/">59 years</a> of dividend growth.



<h2>Schlumberger (SLB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/schlumberger_slb1600-300x169.jpg" alt="slb stock"><div>Source: Valentin Martynov / Shutterstock.com</div></div>Oil services giant Schlumberger (NYSE:<a href="https://investorplace.com/stock-quotes/slb-stock-quote/">SLB</a>) reported impressive results on April 19. However, the stock price declined in May due to weaker oil prices and has been down 7% over the past three months. If you are looking for oversold stocks to buy in energy, SLB stock fits the bill.



Clearly, the stock price has diverged from fundamentals, which presents an opportunity. In <a href="https://investorcenter.slb.com/news-releases/news-release-details/slb-announces-first-quarter-2024-results">Q1 2024,</a> revenues were $8.71 billion compared to $7.7 billion in Q1 2023, representing 13% year-over-year growth. Additionally, adjusted EBITDA surged 15% to $2.06 billion.



Due to the positive energy demand outlook, Schlumberger&rsquo;s business momentum continues. International and offshore operators need its equipment and services to boost production and reservoir recovery.



Additionally, the company is positioned to benefit from the focus on emission reductions. Through a <a href="https://investorcenter.slb.com/news-releases/news-release-details/slb-announces-agreement-acquire-majority-ownership-aker-carbon">combination with Aker Carbon Capture</a> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/akccf-stock-quote/">AKCCF</a>), it now has a proven platform with leading technology. These carbon capture and sequestration and lower-carbon technologies will be a source of future growth.



At a trailing EV/EBITDA multiple of 10x and a forward P/E ratio of 13, SLB stock is too cheap. Morgan Stanley&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/ms-stock-quote/">MS</a>) Mike Wilson agrees and includes the stock in his high-quality growth list. In short, SLB is a bargain stock and also a hedge against geopolitical flare-ups or higher oil prices.



On the date of publication, Charles Munyi did not hold (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>Charles Munyi has extensive writing experience in various industries, including personal finance, insurance, technology, wealth management and stock investing. He has written for a wide variety of financial websites including Benzinga, The Balance and Investopedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-oversold-stocks-to-buy-right-now-while-the-gettin-is-good/">3 Oversold Stocks to Buy Right Now While The Gettin&#8217; Is Good</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Oversold Stocks to Buy Right Now While The Gettin' Is Good

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s unrealistic to expect to make millions from the markets in a quick time. Good business will create value and millionaires over the long term.&nbsp;Having said that,&nbsp;investors need to have a dynamic approach and grab opportunities that can deliver quick trading returns. The profits can be channeled to long-term bets.



A&nbsp;likely opportunity to make quick money&nbsp;is an impending broad-based meme euphoria.&nbsp;In the recent past, I have discussed stocks from the&nbsp;main&nbsp;exchanges that are likely to surge.&nbsp;This column focuses on the OTC stocks&nbsp;to buy that are likely to&nbsp;skyrocket during a meme rally.



Since the stocks are listed on the OTC exchange, these stories are under-the-radar.&nbsp;However, they represent companies with average to good fundamentals. I have avoided talking about purely speculative ideas that can witness a big rally&nbsp;that&rsquo;s&nbsp;followed&nbsp;by an equally sharp meltdown.



Let&rsquo;s discuss the business factors&nbsp;that are&nbsp;likely to support the meme-driven rally in these OTC stocks.



<h2>Curaleaf Holdings (CURLF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/cannabis_1600_1793299462-300x169.png" alt="Young green medicinal marijuana plant in a pot after a rain fall shallow depth of field with focus on leaf; cannabis stocks"><div>Source: gvictoria / Shutterstock.com</div></div>Curaleaf Holdings&nbsp;(OTCMKTS:<a target="_blank" href="https://investorplace.com/stock-quotes/curlf-stock-quote/">CURLF</a>) stock has been in a gradual uptrend with a relatively positive outlook for the cannabis industry.&nbsp;However, a sharp rally is impending&nbsp;and that&rsquo;s likely&nbsp;during a meme euphoria.



One reason to like Curaleaf is the point that cannabis regulatory headwinds are gradually waning. With U.S. Presidential elections due later this year, it&rsquo;s likely that federal-level legalization of cannabis will be in focus. Further, there is an impending reclassification of cannabis as a Schedule III drug.&nbsp;This&nbsp;is likely to be a&nbsp;big&nbsp;catalyst for CURLF stock upside. It&rsquo;s worth noting that the cannabis company has a presence in 17 states in the U.S.



Further, Curaleaf has been&nbsp;<a target="_blank" href="https://filecache.investorroom.com/mr5ir_curaleaf/619/Curaleaf%20Investor%20Deck%204Q23_vF.pdf">aggressively expanding</a>&nbsp;in the European medicinal cannabis segment.&nbsp;With presence in 15 countries globally, the cannabis player is poised for accelerated growth. At the same time,&nbsp;<a target="_blank" href="https://ir.curaleaf.com/2024-05-09-Curaleaf-Reports-First-Quarter-2024-Results">operating and free cash&nbsp;flows</a>are&nbsp;likely to swell.&nbsp;Therefore, with&nbsp;strong&nbsp;fundamentals and an accelerated growth outlook, CURLF stock seems positioned to skyrocket.



<h2>Lundin Gold (LUGDF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/09/costco-gold-bars1600-300x169.png" alt="Gold bars and Financial concept, studio shots. Costco's gold bars, cost stock"><div>Source: Misunseo / Shutterstock.com</div></div>Gold has sustained above $2,300 an ounce and&nbsp;I believe that&nbsp;potential rate cuts will translate into further upside.&nbsp;It&rsquo;s therefore a good time to remain invested in gold mining stocks and&nbsp;Lundin Gold&nbsp;(OTCMKTS:<a target="_blank" href="https://investorplace.com/stock-quotes/lugdf-stock-quote/">LUGDF</a>)&nbsp;is undervaluedamong OTC stocks.



To put things into perspective, LUGDF stock trades at an attractive forward P/E of 20.9 and offers a dividend yield of 2.68%. While the stock has been trending higher, I expect a sharp rally in the coming quarters.



An obvious reason is&nbsp;visibility for&nbsp;higher realized gold prices. This is likely to translate into revenue growth and cash flow upside. An important point to note is that Lundin has guided for an&nbsp;<a target="_blank" href="https://lundingold.com/site/assets/files/111177/2024-06-10-cp-lug.pdf">all-in-sustaining cost</a>&nbsp;of $820 to $890 an ounce for 2024. The low-cost gold miner is therefore positioned to deliver healthy EBITDA margin expansion.&nbsp;This&nbsp;is an&nbsp;importantcatalyst for LUGDF stock trending higher.



Further, with a debt-free status, there is high financial flexibility for aggressive exploration and potential acquisitions. &nbsp;If gold trades above $2,500 an ounce, I would not be surprised&nbsp;with LUGDF doubling in quick time.



<h2>Aker Carbon Capture (AKCCF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/green_stocks_1600-300x169.jpg" alt="A person waters a plant in the shape of a graph representing a growing stock price. Eco-Friendly Stocks for Profits"><div>Source: Khakimullin Aleksandr / Shutterstock.com</div></div>Aker Carbon Capture&nbsp;(OTCMKTS:<a target="_blank" href="https://investorplace.com/stock-quotes/akccf-stock-quote/">AKCCF</a>) is another&nbsp;name among OTC stocks&nbsp;to buy that can deliver multibagger returns in a meme frenzy. It&rsquo;s worth noting that AKCCF stock has corrected by 50%&nbsp;for&nbsp;year-to-date. The selling is overdone and a sharp reversal is on the cards.



As an overview, Aker Carbon Capture is a provider of products and solutions related to carbon capture technology. The company has already delivered seven carbon capture units with 60,000 operating hours. Therefore, the technology is proven and the addressable market is significant.



In terms of&nbsp;positives, Aker Carbon reported an&nbsp;<a target="_blank" href="https://akercarboncapture.com/wp-content/uploads/2024/04/ACC-Q1-2024.pdf">order backlog</a>&nbsp;of 2.3 billion Norwegian Krone as of Q1 2024.&nbsp;Thisprovides revenue visibility&nbsp;and&nbsp;I expect the order book to swell in the coming quarters.



In&nbsp;a big&nbsp;development, Aker Carbon&nbsp;has&nbsp;<a target="_blank" href="https://akercarboncapture.com/?cision_id=A0C4A327128EA65C">formed a partnership</a>&nbsp;with&nbsp;Schlumberger&nbsp;(NYSE:<a target="_blank" href="https://investorplace.com/stock-quotes/slb-stock-quote/">SLB</a>). Under this partnership, Schlumberger will combine its carbon capture business with Aker. With the backing of a blue-chip company,&nbsp;it&rsquo;s likely that Aker Carbon will&nbsp;create value.



On the&nbsp;date of publication, Faisal Humayun did not hold (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&nbsp;<a target="_blank" href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock specific articles with focus on the technology, energy and commodities sector.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/3-otc-stocks-to-buy-for-a-massive-meme-rally/">3 OTC Stocks to Buy for a Massive Meme Rally</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 OTC Stocks to Buy for a Massive Meme Rally

Baron International Growth Fund Q3 2024 Shareholder Letter

Aker Carbon Capture: Upside Potential But No Catalysts

ACGL

ACGLN

ACGLO

ACHR

AMGN

ARGNF

ARGX

AZNCF

BABA

BABAF

BAIDF

BAMXF

BCAP

BIDU

BIRK

BITF

BMWYY

BROE

BYMOF

CIADF

CIADY

CLLNY

CLNXF

CLZNF

CLZNY

CNSWF

CRON

CURLF

DAVA

DCHPF

DPHAY

DSFIY

DSMFF

EDDRF

EDEMY

EQBBF

EXPGF

EXPGY

FIGIF

FYGGY

GMBXF

IDEXF

IDEXY

INPOF

INPOY

JPXGY

KDSKF

KGDEF

KGDEY

LUGDF

LYSCF

LYSDY

LZRFY

MBFJF

MBGAF

MBGYY

MPNGF

MPNGY

MUFG

NONOF

OSCUF

PAYC

PDRDF

PLUG

PRNDY

RNECF

RNECY

SCPPF

SLDP

SMFG

SMFNF

SSNLF

STLA

STVN

SYIEF

SYIEY

TBLA

TBLAW

TOELF

TOELY

TSMWF

TTNDF

TTNDY

UMGNF

UNVGY

WOSGF

Commodities

Press Releases

Aker Carbon Capture ASA: Third quarter 2024 results

Small Cap

Brevik Carbon Capture Plant Reaches Mechanical Completion

AKRCY

Aker Carbon Capture

Schlumberger NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), Agco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>) and Darling Ingredients Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAR#NYSE">DAR</a>) are three American companies trading near 52-week lows. Benzinga&#8217;s fundamental and technical ratings signal that the stocks are trading below their intrinsic value, check technical boxes and could outperform <a href="https://www.benzinga.com/topic/wall-street">Wall Street expectations</a>.



Benzinga Ratings: Benzinga generates rating overviews for publicly traded companies utilizing fundamentals and technicals. Fundamental analysis includes earnings per share (EPS), price-to-earnings (PE), price-to-book ratios, return on equity, and debt-equity ratios compared to public comps. Technical analysis uses buy and sell ratings, RSI and price trends.



Schlumberger Bull Case: Schlumberger, an off-shore drilling services company, <a href="https://www.benzinga.com/quote/SLB">is rated &#8220;Good,&#8221;</a> performing well in fundamental and technical analysis.



The company specializes in using technology for processing data for reservoir exploration, carbon capture and drilling among other segments. 



The company&#8217;s stock has traded lower after encouraging signs of conflict resolution in the Middle East and an OPEC meeting in which members said they would start phasing out voluntary production cuts, according to <a href="https://benzinga.com/pro">Benzinga Pro</a>.



There are encouraging signs that Schlumberger can reverse course. In March, the company <a href="https://investorcenter.slb.com/news-releases/news-release-details/slb-announces-agreement-acquire-majority-ownership-aker-carbon">acquired</a> Aker Carbon Capture ASA (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AKCCF#OTC">AKCCF</a>) to improve the company&#8217;s carbon capture platform. 



In April, the company <a href="https://investorcenter.slb.com/news-releases/news-release-details/slb-announces-agreement-acquire-championx-all-stock-transaction">announced</a> the acquisition of the publicly traded ChampionX Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHX#NASDAQ">CHX</a>) in an all-stock deal. The deal will help Schlumberger&#8217;s production chemicals segment. SLB&#8217;s share price did not move off of either acquisition.



Schlumberger shares are trading at $43.69, up 1.13% on Thursday. The stock is down about 30.48% from its 52-week high, which is $62.12. The company recently increased its yearly dividend to $1.10.



Agco Corp Bull Case: Agco, an agricultural machinery manufacturer, <a href="https://www.benzinga.com/quote/AGCO">is rated &#8220;Good.&#8221;</a>



Agco is a relatively small manufacturer of farming equipment. The company competes with the much larger Deere &amp; Co in high-end tractor equipment. While the company excelled throughout the 2010s and early 2020s, it has struggled recently along with the broader industry: iShares MSCI Agriculture Producers ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEGI#NYSE">VEGI</a>) is down over 6% in the past year amid slowing demand.



Agco is trading at a low PE of 7. While the stock&#8217;s price has been beaten up, the company still commands a substantial market share in an industry with a <a href="https://www.statista.com/outlook/io/agriculture/united-states">stable</a> compound annual growth rate. 



The Georgia-based company recently closed a deal to acquire Trimble to improve Agco&#8217;s agritech platform. The acquisition could be a future growth driver.



Agco shares are trading at $103.19, down 0.29% on Thursday. The company&#8217;s stock is down 24.89% from its 52-week high of $140.46.



Darling Ingredients Bull Case: Darling Ingredients, a natural ingredients producer, <a href="https://www.benzinga.com/quote/DAR">is rated &#8220;Good.&#8221;</a>



The company transforms food and agriculture waste into sustainable ingredients for use in animal feed and energy, among other products. 



Darling saw rapid growth in the aftermath of the pandemic, jumping over 400% in a year. The company&#8217;s revenue and earnings growth and earnings have since declined. 



In particular, the company&#8217;s Diamond Green Diesel joint venture with Valero Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>) has seen declining earnings.



Amid the company&#8217;s woes, its drawdown could mark an attractive time for investors optimistic about Darling&#8217;s business model to invest in the company. In particular, Darling&#8217;s sustainability goals have substantial potential amid greater environmental consciousness.



Darling Ingredients shares are trading at $37.80, down 0.18% on Thursday. DAR is down 46.88% from its 52-week high of $71.60



Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/06/39205294/jim-cramer-recommends-buying-pnc-financial-services-calls-mastec-a-great-infrastructure-">Jim Cramer Recommends Buying PNC Financial Services, Calls MasTec A &#8216;Great Infrastructure Play&#8217;</a>



Photo: Shutterstock

Buying The Dip: Three 'Good' Stocks Are Near 52-Week Lows — Are They Worth It?

Bringing together complementary technology portfolios, leading process design expertise and an established project delivery platform, the combination will leverage ACC&#39;s commercial carbon capture product offering and SLB&#39;s new technology developments and industrialization capability. It will create a vehicle for accelerating the introduction of disruptive early-stage technology into the global market on a commercial, proven platform. Following the transaction, SLB will own&nbsp;80%&nbsp;of the combined business and ACC will own&nbsp;20%.

Reported Earlier, SLB Agrees To Acquire 80% Stake In Aker Carbon Capture For NOK 4.12B, Boosting Decarbonization Efforts

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