American Homes 4 Rent Stock (NYSE: AMHpH)

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American Homes 4 Rent

American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States. The company's real estate portfolio is largely comprised of single-family properties in urban markets in the Southern and Midwestern regions of the U.S. American Homes 4 Rent's land holdings also represent a sizable percentage of its total assets in terms of value. The company derives the vast majority of its income in the form of rental revenue from single-family properties through short-term or annual leases. The firm's largest geographical markets include Dallas, Texas; Indianapolis, Indiana; Atlanta, Georgia; and Charlotte, North Carolina in terms of the number of properties in each.

American Homes 4 Rent Series H cumulative redeemable perpetual Preferred Shares of Beneficial Interest

Oklo Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) shares are trading higher Wednesday. The Sam Altman-backed nuclear startup announced a long-term agreement to provide advanced nuclear power for an <a href="https://www.benzinga.com/pressreleases/24/12/b42549772/oklo-and-switch-form-landmark-strategic-relationship-to-deploy-12-gigawatts-of-advanced-nuclear-po">AI, cloud and data center provider</a>. 
What Happened: Oklo on Wednesday said it signed a non-binding Master Power Agreement with Switch to deploy 12 gigawatts of Oklo Aurora powerhouse projects through 2044. Oklo noted that the agreement represents one of the largest corporate clean power agreements ever signed.
Under the agreement, Oklo will build and operate powerhouses, providing power to Switch across the U.S. through a series of power purchase agreements. Oklo expects the agreement to help position the company to scale in response to growing demand pipeline.
&#8220;We are excited to collaborate with Switch on this historic agreement. Rob Roy and the Switch team share the vision we have for nuclear energy&#8217;s role in powering artificial intelligence and providing the world with energy abundance,&#8221; said Jacob DeWitte, co-founder and CEO of Oklo. 
&#8220;Oklo expects to benefit enormously from Switch&#8217;s record of turning visions into reality. The lifespan of this Master Agreement will allow us to iterate and evolve with Switch, from development to deployment to scaling.&#8221;
See Also: <a href="https://www.benzinga.com/news/global/24/12/42482377/australian-opposition-goes-nuclear-211-billion-plan-could-open-doors-for-uranium-miners">Australian Opposition Goes Nuclear, $211 Billion Plan Could Open Doors For Uranium Miners</a>
The master agreement establishes a framework for collaboration between the two companies. Oklo noted that it expects individual binding agreements to be finalized as project milestones are reached.
&#8220;We believe that working with Switch will not only accelerate our early powerhouses but also accelerate our ability to scale by demonstrating customer demand for decades to come,&#8221; DeWitte added.
Oklo went public&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/03/37906984/sam-altmans-under-the-radar-spac-fuses-ai-expertise-with-nuclear-energy-here-are-the-oth" target="_blank" rel="noreferrer noopener">in May</a>&nbsp;through a SPAC merger with&nbsp;Altman&#8217;s&nbsp;AltC Acquisition Corp.&nbsp;Oklo shares are up more than 200% over the past three months, driven by increased optimism around nuclear after multiple big tech companies&nbsp;<a href="https://www.benzinga.com/news/24/10/41358363/nuclear-stocks-soar-as-amazon-becomes-latest-tech-giant-to-invest-in-nuclear-power" target="_blank" rel="noreferrer noopener">signed deals</a>&nbsp;with nuclear power startups to help keep up with rising energy demands of data centers.
OKLO Price Action: Oklo shares were up 13.2% at $21.62 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: courtesy of Oklo.

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OKLO

Oklo Stock Is Surging Wednesday Morning: What's Going On?

HWH International Inc. ("HWH" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) is pleased to provide an update on the progress of a joint venture in its Hapi Travel business, in which HWH holds a 19% interest. HWH established this joint venture in April of 2024 with Mr. Chen Ziping, an experienced entrepreneur in the travel industry and Mr. Heng Fai Chan, HWH's Executive Chairman.
Hapi Travel Group and its partners have established HapiTravel Holding Pte. Ltd., a Wholly Owned Foreign Enterprise (WOFE) in Singapore to serve as a holding company for its China operations. This joint venture is focused on three key sectors:
<ul>
<li>Education Tours: Organizing inbound and outbound educational tours for primary and secondary schools in China.</li>
<li>Conference Tour Packages: Offering tailored travel solutions for institutions and group events.</li>
<li>B2B Hotel Booking System: Providing an efficient platform for hotel bookings, catering to businesses.</li>
</ul>
During the first three quarters of 2024, this joint venture and its predecessors have collectively generated revenue exceeding US$18 million. Additionally, this joint venture has successfully established its educational tour business in Hong Kong through its subsidiary, Hapi Travel Hong Kong Ltd., and plans are underway to set up subsidiaries in Singapore and Malaysia. These initiatives aim to capitalize on the growing travel demand between China and the ASEAN region, as well as vice versa.

Guidance

HWH International Updates On Hapi Travel Joint Venture, Generating $18M Revenue In 2024 With Expansion Plans In Hong Kong, Singapore, And Malaysia To Tap Growing China-ASEAN Travel Demand

Wells Fargo analyst Michael Blum maintains MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) with a Overweight and raises the price target from $53 to $54.

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MPLX

Wells Fargo Maintains Overweight on MPLX, Raises Price Target to $54

CommScope Holding Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COMM#NASDAQ">COMM</a>) shares are trading higher premarket today. On Tuesday, the company completed a comprehensive<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42540849/commscope-announces-strategic-refinancing-transaction-to-significantly-strengthen-capital-structur" rel="noreferrer noopener"> refinancing with its first-lien secured lenders</a>.
As part of the refinancing, CommScope secured agreements with existing first-lien lenders, including Apollo and Monarch Alternative Capital.
The transaction includes a $3.15 billion first-lien term loan maturing in 2029 and $1 billion in first-lien notes maturing in 2031.
This transaction addresses its 2025 and 2026 debt maturities, strengthening its financial position for future growth.
Proceeds from this new debt will fully repay senior unsecured notes due in 2025 and the existing senior secured term loan facility.
Additionally, proceeds from the $2.1 billion sale of CommScope&#8217;s Outdoor Wireless Networks segment and Distributed Antenna Systems business to Amphenol Corporation, expected to close in the first-quarter of 2025, will fully repay senior secured notes due in 2026 and partially redeem senior secured notes due in 2029.
After applying net proceeds from the anticipated first-quarter 2025 sale of the OWN and DAS businesses, CommScope expects to meet the conditions for a rate reduction on its first-lien term loan.
The refinancing, combined with these proceeds and projected business performance, is expected to lower the company&#8217;s total debt-to-adjusted EBITDA ratio to below 6.00x by the end of 2026.
Chuck Treadway, President and Chief Executive Officer of CommScope, said, &#8220;By successfully addressing our near-term maturities and greatly improving our pro forma leverage ratio, we move forward with the flexibility to focus on our core businesses and invest in the technology, products, and personnel to better deliver for our customers, and capitalize as the telecom industry recovers in the coming quarters.&#8221;
The company finished the third quarter with liquidity of more than $1.02 billion, including <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41801412/commscope-reports-third-quarter-2024-results" rel="noreferrer noopener">cash of $456 million</a>.
Investors can gain exposure to the stock via&nbsp;Invesco Dorsey Wright Technology Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTF#NASDAQ">PTF</a>) and Invesco FTSE RAFI US 1500 Small-Mid ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFZ#NASDAQ">PRFZ</a>).
Price Action: COMM shares are up 23% at $6.90 premarket at the last check Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com//node/42553094" target="_blank" rel="noreferrer noopener">Jabil Q1 Earnings: Revenue And EPS Beat, Cloud and Data Center Growth, Raises Annual Outlook</a></li>
</ul>
Image via Shutterstock.

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PRFZ

Powershares Dynamic Technology Securitytor Portfolio

CommScope Soars Over 23% After $4.15 Billion Debt Refinancing Deal: Details

Company has reduced monthly burn from $16.8M in August 2024 to $11.8M in September 2024 and to $5.3M in October and November 2024
Since Sept. 30, 2024, Mullen has sold and delivered 57 Class 3 and 43 Class 1 EV cargo vans and trucks for a total of 100 vehicles and $ 5.5 million; these numbers exclude sales and expenses by Bollinger Motors
Orders continue to build as Mullen moves forward efforts with government agencies, universities and large fleets to expand adoption of EV vehicles across America and abroad
BREA, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- via IBN –&nbsp;<a href="https://www.globenewswire.com/Tracker?data=bhIMls34xEs_79ppX4fluZRmnZF4gp63GeVaLHFnvXP6Co2-wFcZusGWZqbPKdXnNsB3muNVWR9qY2_yvl5wp4nwa1ReL2_2TWJLDSjC35E=">Mullen Automotive, Inc</a>. (NASDAQ:&nbsp;<a href="https://www.globenewswire.com/Tracker?data=kBNu4Tti8mL2YLRUFT4TwuVStS5mwKI7BlKumfR_t4POEs7mSutfWUzSToIqffZKLmDdREKReyWxlwnOM-ek_SD6szttQNI1oAV19R4hnTJr90bMn8McYCyKiTVcjD6p22GyDUu3dwPRYeo_ntyIPqyLqoSu4pRFis41ahcmbBUTudSJj5Mt53kTgcpKJECP0SyeYyTgECy5zFPSFyzVQUVECk95K1F-DfRTRFpLyOOtzWWX_4SiL28njjq7uEZz">MULN</a>) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today a commercial vehicle sales update since Sept. 30, 2024, with a total of 100 Class 1 and Class 3 EV cargo vans and trucks sold for sales totaling $5.5 million. The Company has also significantly reduced its monthly burn from $16.8 million in August 2024 to $11.8 million in September 2024 and to $5.3 million in October and November 2024.
The growing demand for sustainable commercial transportation solutions is driving significant sales momentum for Mullen Commercial electric vehicles across multiple industries. Mullen is in continued discussions with government agencies, universities and large fleets to expand adoption of EV vehicles across America. The total of 100 all-electric vehicles sold since Sept. 30, 2024, includes 57 Class 3 and 43 Class 1 EV cargo vans and trucks.

MULN

Mullen Announces 100 Class 1 and Class 3 EV Shipments With Sales Totaling $5.5M; Company Has Reduced Monthly Burn From $16.8M In August 2024 To $11.8m In September 2024 And To $5.3M In October And November 2024

Wells Fargo analyst Michael Blum maintains Kinetik Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNTK#NYSE">KNTK</a>) with a Equal-Weight and raises the price target from $58 to $60.

KNTK

Wells Fargo Maintains Equal-Weight on Kinetik Holdings, Raises Price Target to $60

Maxim Group analyst Allen Klee reiterates HeartSciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSCS#NASDAQ">HSCS</a>) with a Buy and maintains $12 price target.

Reiteration

HSCS

Maxim Group Reiterates Buy on HeartSciences, Maintains $12 Price Target

OrganiGram Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) released its Q4 earnings on Wednesday, December 18, 2024 at 06:00 AM.
Here's what's important from the earnings announcement.
<h3>Earnings</h3>
OrganiGram Holdings missed estimated earnings by -167.0%, reporting an EPS of $-0.08 versus an estimate of $-0.03.
Revenue was down $1.55 million from the same period last year.
<h3>Earnings History Overview</h3>
Last quarter the company beat on EPS by $0.07 which was followed by a 5.0% increase in the share price the next day.

To track all earnings releases for OrganiGram Holdings <a href="https://www.benzinga.com/quote/OGI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

OrganiGram Holdings Earnings Review: Q4 Summary

OrganiGram Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) just disclosed its Q4 earnings on Wednesday, December 18, 2024 at 06:00 AM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
OrganiGram Holdings missed estimated earnings by -167.0%, reporting an EPS of $-0.08 versus an estimate of $-0.03.
Revenue was down $1.55 million from the same period last year.
<h3>Past Earnings Performance</h3>
The company beat on EPS by $0.07 in the previous quarter, leading to a 5.0% increase share price change the next day.

To track all earnings releases for OrganiGram Holdings <a href="https://www.benzinga.com/quote/OGI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

OrganiGram Holdings Q4 Earnings Assessment

Wells Fargo analyst Michael Blum maintains Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) with a Overweight and raises the price target from $27 to $30.

Wells Fargo Maintains Overweight on Kinder Morgan, Raises Price Target to $30

The Federal Reserve is set to wrap up 2024 with its last Federal Open Market Committee (FOMC) meeting on Wednesday, delivering what's expected to be its third <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42514008/fed-poised-to-cut-interest-rates-by-0-25-this-week-heres-why-your-focus-should-shift-to-other-signals">consecutive interest rate cut. </a>
Policymakers are expected to lower the federal funds rate by 0.25%, bringing it to a target range of 4.25%-4.50%.
While the move has been widely anticipated, traders are less concerned about the cut itself and more focused on the Fed's forward-looking guidance — particularly the updated Summary of Economic Projections (SEP) and the closely watched "dot plot."
Here&#8217;s what you need to know. 
<h3 class="wp-block-heading">December&#8217;s Dot Plot, Inflation Forecasts Likely To Show Hawkish Revisions</h3>
In September, the Fed's dot plot – a chart that shows where each policymaker thinks interest rates should be in the future –&nbsp;projected the federal funds rate would finish 2024 at a median level of 4.4%. 
The expected 0.25% cut at this meeting aligns with that projection, leaving little surprise on the surface. 
Yet, the December SEP will offer a glimpse into the Fed's plans for 2025 and beyond, potentially reshaping market expectations.
Back in September, the Fed forecasted 100 basis points of rate cuts in 2025, signaling four 0.25% reductions over the year. But with recent data showing hotter-than-expected inflation and stronger economic growth, policymakers are expected to scale back these projections. 
Analysts are split on a downward revision of 25 to 50 basis points, implying only two or three rate cuts in 2025. This adjustment would reflects a more cautious approach by the Fed. 
Fed futures – which reflects market-based interest rate expectations – currently assign a 74% chance on two rate cuts by December 2025, and 26% odds indicating three or more cuts, as per CME FedWatch.
<h4 class="wp-block-heading">Fed&#8217;s Summary of Economic Projections – September 2024</h4>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Variable</th>
<th>2024</th>
<th>2025</th>
<th>2026</th>
<th>2027</th>
<th>Longer Run</th>
</tr>
</thead>
<tbody>
<tr>
<td>Change in real GDP</td>
<td>2.0</td>
<td>2.0</td>
<td>2.0</td>
<td>2.0</td>
<td>1.8</td>
</tr>
<tr>
<td>Unemployment rate</td>
<td>4.4</td>
<td>4.4</td>
<td>4.3</td>
<td>4.2</td>
<td></td>
</tr>
<tr>
<td>PCE inflation</td>
<td>2.3</td>
<td>2.1</td>
<td>2.0</td>
<td>2.0</td>
<td>2.0</td>
</tr>
<tr>
<td>Core PCE inflation</td>
<td>2.6</td>
<td>2.1</td>
<td>2.0</td>
<td>2.0</td>
<td></td>
</tr>
<tr>
<td>Federal funds rate</td>
<td>4.4</td>
<td>3.4</td>
<td>2.9</td>
<td>2.9</td>
<td>2.9</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Inflation Forecasts: The Fed's Roadmap To 2% At Stake</h3>
Inflation remains the Fed's top concern. 
In September, the Fed projected that the PCE price index would decline from 2.3% in 2024 to 2.1% in 2025, eventually hitting the 2% target in 2026. Core PCE inflation — its preferred inflation gauge — was expected to fall from 2.6% in 2024 to 2.1% in 2025.
If the updated projections indicate a slower return to the 2% target, it could signal a prolonged pause in rate cuts, underscoring the Fed's struggle to balance its inflation mandate with economic growth. 
Markets will be on high alert for any language from Fed Chair Jerome Powell that hints at inflation's persistence.
<h3 class="wp-block-heading">Market Dynamics And Powell's Tightrope</h3>
Fed meetings this year have delivered positive reactions by stocks. 
Buying the S&amp;P 500 index – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – at market close the day before a Fed meeting and selling the day after has yielded a median gain of 1.1% over the last seven meetings. Extending the holding period to 15 days boosts the average profit to 3.29%, more than double the one-day return.
Read also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42539116/fed-meetings-made-stock-traders-richer-in-2024-could-wednesday-bring-last-big-rally">Fed Meetings Made Stock Traders Richer In 2024: Could Wednesday Bring Last Big Rally?</a>
Yet, Powell has a delicate task ahead. 
At his last public appearance on Dec. 4, Powell acknowledged the Fed's improved growth outlook but cautioned that inflation has proven more persistent than expected. 
"We can afford to be a little more cautious as we try to find neutral," he said, striking a tone that hints at flexibility but leaves markets guessing.
The press conference following the December meeting will be pivotal. Powell must thread the needle between reassuring investors about disinflation progress and addressing inflation's recent uptick. 
A hawkish tone — emphasizing inflation risks — could jolt markets with renewed volatility, while a dovish stance might fuel optimism and risk-taking.
Bottom line, the last Fed meeting of the year isn't just about the interest rate cut, as the real action lies in the updated Summary of Economic Projections and Powell's remarks.
Investors will be dissecting every word for clues about the Fed's strategy heading into 2025. 
If Powell strikes the right balance, markets could rally into the new year. If not, expect a rollercoaster ride as traders recalibrate their expectations for the Fed's next moves.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42489039/feds-december-meeting-could-crush-rate-cut-optimism-for-2025">Fed&#8217;s December Meeting Could Crush Rate Cut Optimism For 2025</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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All Eyes On December Fed Meeting As Traders Await Interest Rate Projections

Diana Shipping Entered Into Time Charter Contract For m/v Santa Barbara With Mitsui O.S.K. Lines; Gross Charter Rate Is $22K Per Day, Anticipated To Generate ~$6.42M Of Gross Revenue

Roadzen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDZN#NASDAQ">RDZN</a>) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that its existing client National Insurance Company Ltd. ("NICL") has expanded the geographical scope for Roadzen's AI powered XClaim Product. NICL has a total of 34 Regional Offices, of which 10 joined Roadzen's AI-powered XClaim platform. Based upon strong performance, NICL has expanded its contract with Roadzen to include an additional 4 regional offices, effective January 1, 2025.
Roadzen was selected as a Digital Service Provider ("DSP") for processing AI based claims after successfully completing a comprehensive vetting of NICL's Request for Proposal ("RFP") process. The evaluation process was carried out by an association of four government owned auto insurance carriers that account for an approximate 32% share of the India automobile insurance market, which has been growing roughly 18% annually.
Collectively, the four Indian Government owned insurers manually process an estimated 1.4 million automobile claims each year. The RFP was issued to assess the feasibility of upgrading to digital claims processing. Government-owned NICL processes approximately 200,000 claims annually. NICL's assessment is ongoing, with periodic opportunities to alter claims processing allocations based upon which provider demonstrates superior processing speed, reduced loss ratios and improved customer experience.
Roadzen is uniquely positioned to increase its share of NICL's claims processing business through its claims platform called XClaim, which is a digital, touchless, real-time claims resolution from first notice of loss (FNOL) through settlement, using computer vision. By utilizing XClaim, the claims can be settled faster by removing manual visits by traditional surveyors. Surveys are conducted remotely using photos, videos or real-time streaming from which real-time estimates and approvals are generated. Once the claim is serviced, instant final reports are shared with the insurer to complete the claim and make the payments.
This shift to AI-powered claims processing will not only benefit insurers but also policyholders by expediting the claims process and offering a more streamlined experience.

Global

RDZN

Roadzen's Existing Client National Insurance Company Expands Its AI Based Claims Contract With One Of The Top 10 P&C Insurers In India

Wells Fargo analyst Michael Blum maintains Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) with a Overweight and raises the price target from $20 to $21.

Wells Fargo Maintains Overweight on Energy Transfer, Raises Price Target to $21

Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)(TSX:<a class="ticker" href="https://www.benzinga.com/stock/ABX#TSX">ABX</a>) today confirmed that its operating entities in Mali, namely Société des Mines de Loulo SA and Société des Mines de Gounkoto SA, have submitted a request for arbitration to the International Centre for the Settlement of Investment Disputes (ICSID), in accordance with the provisions of their respective Mining Conventions with the State of Mali, to address matters of disagreement regarding the Loulo-Gounkoto complex.
This step reflects Barrick's commitment to adhering to established processes for resolving disputes in a fair and transparent manner. The arbitration mechanism, provided for under the Somilo and Gounkoto Mining Conventions with the State, has previously proven to be an effective tool for reinforcing partnerships and finding mutually acceptable solutions through an independent and competent authority.

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Barrick Gold Confirmed That Its Operating Entities In Mali Submitted A Request For Arbitration To The International Centre For The Settlement Of Investment Disputes, In Accordance With The State Of Mali, To Address Matters Of Disagreement Regarding The Loulo-Gounkoto Complex

<a href="https://www.benzinga.com/personal-finance/24/10/41196355/ai-will-do-most-jobs-better-faster-cheaper-silicon-valley-billionaire-vinod-khosla-calls-for-uni">Universal Basic Income</a> (UBI) has long been a topic of debate. Proponents advocate for its ability to reduce poverty, while critics raise concerns about its potential impact on work ethic.&nbsp;
To gain further insights into how UBI could impact people, <a href="https://www.benzinga.com/24/11/41893707/openai-ceo-sam-altman-thanks-elon-musk-for-early-support-in-chatgpts-rise-and-shares-advice-hed-give-his-younger-self-at-stanford">Sam Altman</a>'s OpenResearch conducted a three-year randomized controlled trial that gave 1,000 low-income adults each $1,000 per month and a control group of 2,000 people $50 per month. The results revealed surprising insights about work, motivation and societal values.&nbsp;
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<li>The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a></li>
<li>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">The deadline to invest and receive your shares this year is 12/20. Join 30,000+ shareholders and invest at $0.26/share today.</a></li>
</ul>
<h2 class="wp-block-heading">Increased Value of Work</h2>
Unlike what critics believe about UBI, OpenResearch's study found that recipients valued work more after receiving unconditional cash transfers. Participants reported a 2% increase in their belief in the intrinsic importance of work, measured through survey responses to questions from the World Values Survey.
Recipients of the money strongly agreed with statements like "work is a duty toward society" and "people who don't work turn lazy." The shift in attitude also extended to policy preferences and indicated that recipients of UBI were more likely to support work requirements for programs like Medicaid.&nbsp;
See Also: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">Flexibility and Better Job Matches</h2>
The study participants worked fewer hours on average, but they didn't abandon work altogether. With the additional cash, they could make employment decisions better aligned with their long-term goals, family needs and personal values.&nbsp;
Some used the funds to pursue education, certifications or new career paths, while others used it to allow themselves to take more time to find more meaningful work. While many in the study worked fewer hours, OpenResearch concluded that this wasn't due to laziness but rather to the empowerment that more <a href="https://www.benzinga.com/personal-finance/24/10/41125098/suze-orman-says-the-personal-finance-of-americans-is-really-really-bad-even-though-the-stock-mar">financial stability</a> provided.&nbsp;
For instance, a recipient, Lisa, told OpenResearch that the extra money allowed her to take a temporary pay cut to pursue a role with better growth opportunities. "If I didn't have that money … there is no way I could have taken that pay cut," she explained. She credited her success to her work ethic, stating, "If you don't have work ethic and you're not out here trying to give it your all in those areas, then you&#8217;re not gonna be able to grow."
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">Independence and Self-Reliance</h2>
Recipients consistently emphasized the importance of independence and self-reliance, viewing work as a critical pathway to achieving these goals. Many associated unemployment with guilt and frustration, expressing a desire to contribute meaningfully to society and provide for their families without relying on government assistance.
One participant, Kenzie, described how the cash transfer allowed her to <a href="https://www.benzinga.com/personal-finance/24/11/41882910/bill-gates-shares-the-best-investment-for-getting-rich-if-youre-earning-100000-or-less-but-wall-street-might-not-agree">invest in education</a> and skills, ultimately securing a more stable job. "This program has been really key in helping me transform my life," she said, stressing that her success stemmed from her drive and determination.
<h2 class="wp-block-heading">Lessons for Policymakers</h2>
The findings challenge the notion that UBI diminishes the value of work. Instead, the study suggests that unconditional cash transfers can empower individuals to pursue meaningful employment and reinforce the societal importance of work. By reducing financial stress, OpenResearch concludes that UBI may provide recipients with the stability to make thoughtful career decisions, ultimately leading to greater job satisfaction and productivity.
As discussions around UBI continue, this experiment highlights its potential to balance financial support with maintaining a strong work ethic. This result defies common criticisms and opens the door for further exploration.
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Startups

Sam Altman's UBI Experiment Gave Participants $1,000 A Month For Three Years – The Surprising Results About Work And Motivation

Wells Fargo analyst Michael Blum maintains Cheniere Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) with a Overweight and raises the price target from $213 to $235.

Wells Fargo Maintains Overweight on Cheniere Energy, Raises Price Target to $235

Looking into the current session, NICE Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NICE#NASDAQ">NICE</a>) shares are trading at $191.54, after a 0.88% increase. Moreover, over the past month, the stock spiked by 11.05%, but in the past year, decreased by 5.57%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1734531310_0.png" alt="Past Year Chart" />

<h3>NICE P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
NICE has a lower P/E than the aggregate P/E of 188.98 of the Software industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734531310_1.png" alt="Guage" />

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

Intraday Update

Markets

NICE

P/E Ratio Insights for NICE

argenx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) has outperformed the market over the past 5 years by 18.11% on an annualized basis producing an average annual return of 31.58%. Currently, argenx has a market capitalization of $38.17 billion. 
Buying $1000 In ARGX: If an investor had bought $1000 of ARGX stock 5 years ago, it would be worth $3,948.84 today based on a price of $638.33 for ARGX at the time of writing.
<h3>argenx's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734531308_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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$1000 Invested In argenx 5 Years Ago Would Be Worth This Much Today

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