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Blackwell 3D Construction (OTC:BDCC) Stock, Option Chain

Blackwell 3D Construction Corp is a construction company driven by technology. The company combines hardware, software, and instructional resources providing sustainable society. The company owns a 3D house printing technology.

BLACKWELL 3D CONSTR CP by Blackwell 3D Construction Corp.

Blackwell 3D Construction Corp

Analysts are closely examining the impact of&nbsp;Michael Saylor, co-founder of&nbsp;MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), on exchange-traded funds (ETFs) that are<a href="https://www.benzinga.com/markets/equities/24/11/42186167/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them"> linked to the company&#8217;s performance</a>. This comes amid a significant surge in MicroStrategy&#8217;s stock, driven by its substantial Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings.
What Happened: The volatility of&nbsp;MicroStrategy has led to significant returns for ETFs tied to its performance. The stock has surged 416.19% year-to-date, impacting various ETFs.
The&nbsp;Bitwise Crypto Industry Innovators ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITQ#NYSE">BITQ</a>) with 18.35% MSTR holding saw a rise of 68.58% so far this year, while the&nbsp;Schwab Crypto Thematic ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STCE#NYSE">STCE</a>), which gives 14.4% exposure to MSTR, increased by 55.07%.
The&nbsp;T-Rex 2x Long MSTR Daily&nbsp;Target&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/MSTU#BATS">MSTU</a>) experienced a remarkable 453.76% gain, and the&nbsp;Defiance Daily Target 2x Long&nbsp;MSTR ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTX#NASDAQ">MSTX</a>) rose by 309.09%, Barron&#8217;s <a href="https://pro.benzinga.com/">reported</a> on Wednesday. 
Both T-Rex and Defiance have hedged with inverse ETFs, but the&nbsp;T-Rex 2x Inverse MSTR Daily&nbsp;Target (MSTZ) holds&nbsp;only $155 million in assets.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42152684/musk-tweet-sparks-dogecoin-surge-fuels-speculation-on-x-payments?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Tweet Sparks Dogecoin Surge, Fuels Speculation On X Payments</a>
Matthew Tuttle, manager of the T-Rex ETF, attributes this phenomenon to &#8220;The Michael Saylor effect,&#8221; likening it to the influence of other high-profile CEOs like Elon Musk and Jensen Huang, reported Barron&#8217;s. Tuttle acknowledges the risk, noting that from a fundamental perspective, MicroStrategy&#8217;s valuation appears inflated.
Why It Matters: On Monday, MicroStrategy <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42159139/microstrategy-shares-rise-in-monday-pre-market-as-michael-saylor-reveals-mstr-generating-500m-daily-amid-bitcoins-surge">shares climbed 5.93% in pre-market </a>trading before <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42208320/michael-saylors-microstrategy-plunges-23-in-5-sessions-while-bitcoin-slips-under-6-gary-black-quips-dont-say-i-didnt-warn-you">closing the session</a> in the red. Over the weekend, Saylor revealed that the company is generating $500 million daily as Bitcoin edges closer to the $100,000 milestone.
According to <a href="http://pro.benzinga.com">Benzinga Pro data,</a> MicroStrategy has a consensus price target of $449.5 based on the ratings of 12 analysts. The high is $690 issued by BTIG on Dec. 11, 2023. The low is $140 issued by Jefferies on Nov. 10, 2022. The average price target of $563.33 between TD Cowen, Barclays, and Benchmark implies a 41.90% upside for MicroStrategy.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Saylor Reveals MicroStrategy Is &#8216;Making $500M A Day&#8217; With Bitcoin: &#8216;May Very Well Be The Most Profitable Company In The US Growing The Fastest Right Now&#8217;</a></li>
</ul>
Photo by JOCA_PH on Shutterstock

Equities

News

Markets

ETFs

General

$BTC

BITQ

MSTR

ETF Opportunities Trust T-Rex 2X Long MSTR Daily Target ETF

MSTU

MSTX

STCE

MicroStrategy-Linked ETFs Skyrocket 400% This Year: Is This 'The Michael Saylor Effect'?

Shares of Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) rose sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/NTNX/news">better-than-expected first-quarter financial results.</a>
Nutanix reported quarterly earnings of 42 cents per share which beat the analyst consensus estimate of 31 cents per share. The company reported quarterly sales of $590.96 million which beat the analyst consensus estimate of $571.78 million.
Nutanix shares jumped 8.8% to $78.71 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>HWH International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) gained 82.1% to $1.12 in pre-market trading.</li>
<li>Cyclerion Therapeutics, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCN#NASDAQ">CYCN</a>) rose 72.8% to $2.35 in pre-market trading.</li>
<li>Infobird Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) gained 56% to $2.87 in pre-market trading after declining around 6% on Tuesday.</li>
<li>T Stamp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) gained 39.7% to $0.51 in pre-market trading after jumping around 103% on Tuesday.</li>
<li>Quantum Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QMCO#NASDAQ">QMCO</a>) climbed 24.8% to $21.50 in pre-market trading after dipping more than 20% on Tuesday.</li>
<li>Ambarella, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>) gained 24.3% to $85.00 in pre-market trading after the company reported better-than-expected third-quarter financial results.</li>
<li>Creative Media &amp; Community Trust Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCT#NASDAQ">CMCT</a>) gained 15% to $0.2767 in pre-market trading.</li>
<li>Creative Global Technology Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTL#NASDAQ">CGTL</a>) gained 13.6% to $4.44 in pre-market trading. Creative Global Technology priced its IPO at $4 per share.   </li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) gained 10.9% to $2.44 in pre-market trading after dipping 20% on Tuesday. The company announced a registered direct offering of 50 million shares at $2 per unit.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Primega Group Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGHL#NASDAQ">PGHL</a>) shares tumbled 89.2% to $11.65 in pre-market trading after surging 919% on Tuesday.</li>
<li>CIMG Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMG#NASDAQ">IMG</a>) shares fell 24.4% to $1.21 in pre-market trading after jumping 154% on Tuesday.</li>
<li>Grifols, S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRFS#NASDAQ">GRFS</a>) shares fell 17.7% to $7.18 in pre-market trading.</li>
<li>Blue Star Foods Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSFC#NASDAQ">BSFC</a>) fell 15.6% to $0.3120 in pre-market trading. Blue Star Foods shares jumped 55% on Tuesday after the company announced a $1.5 million buyback program.</li>
<li>3D Systems Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDD#NYSE">DDD</a>) fell 15% to $2.90 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance below estimates.</li>
<li>Citius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTXR#NASDAQ">CTXR</a>) declined 14.2% to $3.56 in pre-market trading after surging 24% on Tuesday.</li>
<li>Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) fell 13.1% to $123.24 in today's pre-market trading. Dell reported better-than-expected earnings for its third quarter, while sales missed estimates.</li>
<li>Guess?, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) fell 12.7% to $15.13 in pre-market trading after the company reported a year-over-year decrease in third-quarter adjusted EPS results.</li>
<li>Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) shares dipped 10.1% to $242.95 in pre-market trading after the company revised its FY25 subscription revenue guidance.</li>
<li>HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) dipped 8.7% to $35.69 in pre-market trading. HP reported in-line earnings for its fourth quarter, while sales topped estimates. HP said it expects first-quarter adjusted earnings of between 70 cents and 76 cents per share, versus the 85 cent estimate, and fiscal 2025 earnings of between $3.45 and $3.75 per share, versus the $3.60 estimate.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>

AMBA

BSFC

CGTL

CMCT

CTXR

CYCN

DELL

GRFS

IDAI

IFBD

NTNX

PGHL

QMCO

RGTI

WDAY

Why Nutanix Shares Are Trading Higher By 9%; Here Are 20 Stocks Moving Premarket

Earnings

BingEx Reported Q3 Revenue Of $164.6M, Adj EPS Of $0.18

HC Wainwright &amp; Co. analyst Emily Bodnar reiterates Femasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEMY#NASDAQ">FEMY</a>) with a Buy and maintains $12 price target.

Price Target

Reiteration

Analyst Ratings

FEMY

HC Wainwright & Co. Reiterates Buy on Femasys, Maintains $12 Price Target

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Esperion Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPR#NASDAQ">ESPR</a>) with a Buy and maintains $16 price target.

ESPR

HC Wainwright & Co. Reiterates Buy on Esperion Therapeutics, Maintains $16 Price Target

MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>)&nbsp;exhorted the incoming Donald Trump administration to expand domestic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining operations, emphasizing the significance of the U.S.&nbsp;controlling a larger portion of&nbsp;the global hash rate for economic sovereignty.
What Happened:&nbsp;In an X post on Tuesday, the company highlighted the increasing competitiveness of Bitcoin mining and the potential economic implications of not securing a significant&nbsp;share of the global hash rate. 
The company stressed that by&nbsp;controlling a larger portion of&nbsp;the&nbsp;hash rate—the computational power used to validate transactions and add new blocks to the blockchain—the U.S. can protect its transactions from foreign interference.
&#8220;By controlling hash rate, a nation can prioritize access to block space, preventing adversarial nations from censoring or manipulating its transactions,&#8221; MARA added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">With <a href="https://twitter.com/SenLummis?ref_src=twsrc%5Etfw">@SenLummis</a>&#39;s <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Act in the pipeline, the US must lead in mining, blockspace, &amp; hashrate so we can ensure that "&#8230;a sovereign can have sovereignty." &#8211; <a href="https://twitter.com/fgthiel?ref_src=twsrc%5Etfw">@fgthiel</a> Read more: <a href="https://t.co/UNbfDAsZpr">https://t.co/UNbfDAsZpr</a>
&mdash; MARA (@MARAHoldings) <a href="https://twitter.com/MARAHoldings/status/1861426696710193605?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42208108/surge-in-bitcoin-dogecoin-and-other-cryptos-boosting-home-ownership-among-low-income-americans-says-treasury-department">Surge In Bitcoin, Dogecoin And Other Cryptos Boosting Home Ownership Among Low-Income Americans, Says Treasury Department</a>
For the uninitiated, Bitcoin&#8217;s blockspace represents the finite capacity available in each block to include transaction data. 
Access to block space is vital for participating in the Bitcoin economy, and miners or mining pools with a higher hash rate can prioritize transactions in a block.
Why It Matters: Mara&#8217;s recommendation follows President Trump&#8217;s assured support to the industry, with a vision to <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39363038/donald-trump-speaks-on-bitcoin-mining-wants-all-the-remaining-bitcoin-to-be-made-in-the-us">mine all remaining Bitcoins in the U.S</a>.
The pledge, aligning with his &#8220;America First&#8221; policy, seemed to be directed against China, which, despite a ban on cryptocurrency trading and mining,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985461/china-controls-55-of-bitcoin-hashrate-despite-crypto-ban-but-the-us-is-catching-up" target="_blank" rel="noreferrer noopener">still controls over 50% of the global Bitcoin hash rate</a>.
According to Bitbo <a href="https://charts.bitbo.io/miner-monthly-revenue/" target="_blank" rel="noreferrer noopener">data</a>, miner revenue in November increased by 3.4% from the previous month, primarily driven by the jump in Bitcoin&#8217;s price following Trump&#8217;s election victory.
The broader corporate Bitcoin mining sector has seen gains since the event, with CoinShares Valkyrie Bitcoin Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGMI#NASDAQ">WGMI</a>) rising 18%.
Price Action:&nbsp;At the time of writing, Bitcoin was exchanging hands at $93,388.09, up 0.57% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;Shares of MARA were up 3.04% in pre-market trading hours.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42207257/historic-win-for-crypto-court-overturns-treasury-sanctions-on-tornado-cash-associated-token-skyrockets-430">&#8216;Historic Win For Crypto:&#8217; Court Overturns Treasury Sanctions On Tornado Cash, Associated Token Skyrockets 430%</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Image Via Shutterstock

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

Cryptocurrency

MARA

WGMI

MARA Urges Incoming Trump Administration To Boost US Bitcoin Mining Operations To Prevent Manipulation From 'Adversarial' Nations

Small Cap Consumer Research analyst Eric Beder reiterates Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) with a Buy and maintains $3 price target.

VNCE

Small Cap Consumer Research Reiterates Buy on Vince Holding, Maintains $3 Price Target

Small Cap Consumer Research analyst Eric Beder reiterates Build-A-Bear Workshop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBW#NYSE">BBW</a>) with a Buy and maintains $41 price target.

Small Cap Consumer Research Reiterates Buy on Build-A-Bear Workshop, Maintains $41 Price Target

Needham analyst Quinn Bolton reiterates Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) with a Hold.

Needham Reiterates Hold on Analog Devices

Piper Sandler analyst Brent Bracelin downgrades Workday (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) from Overweight to Neutral and lowers the price target from $285 to $270.

Downgrades

Piper Sandler Downgrades Workday to Neutral, Lowers Price Target to $270

Elon Musk-led&nbsp;SpaceX&nbsp;has obtained a commercial license from the&nbsp;Federal Communications Commission (FCC)&nbsp;for its <a href="https://www.benzinga.com/topic/starlink">Starlink Direct-to-Cell service</a>. This marks a pivotal step in expanding the reach of satellite-based mobile connectivity.
What Happened: The FCC has granted SpaceX a U.S. commercial license for its Starlink Direct-to-Cell service. This license allows SpaceX to operate its Gen2 Starlink satellites for non-geostationary orbit fixed-satellite services.
The FCC&#8217;s order partially approves SpaceX&#8217;s application&nbsp;to construct, deploy, and operate&nbsp;these satellites, with certain conditions.
The license also includes permission for SpaceX&nbsp;to provide Supplemental Coverage from&nbsp;Space (SCS) within the U.S. and to conduct direct-to-cell operations outside the country using its existing 7,500 Gen2 Starlink satellites.
See Also:&nbsp;<a href="https://www.benzinga.com/government/regulations/24/11/42160725/tesla-faces-environmental-violations-as-elon-musks-doge-prepares-for-garbage-collection-of-rules-that-dont-make-sense-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Faces Environmental Violations As Elon Musk&#8217;s &#8216;DOGE&#8217; Prepares For &#8216;Garbage Collection Of Rules That Don't Make Sense'</a>
Previously, the FCC granted SpaceX and&nbsp;T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)&nbsp;Special Temporary Authority (STA) to&nbsp;deliver Starlink Direct-to-Cell services in regions affected&nbsp;by Hurricanes Helene and Milton.
This service proved crucial in aiding recovery efforts, connecting 270,000 mobile phones, all belonging to T-Mobile subscribers, as reported by SpaceX earlier this month.
Why It Matters: This FCC license is a major milestone for SpaceX&#8217;s Starlink, enabling it to enhance mobile connectivity.
Earlier this month, SpaceX and T-Mobile activated their Direct-to-Cell coverage in Florida before&nbsp;<a href="https://www.benzinga.com/news/24/10/41243785/spacexs-starlink-and-t-mobile-get-approval-to-roll-out-direct-to-cell-coverage-in-florida-before-hur">Hurricane Milton</a>&nbsp;made landfall. This initiative allowed residents to send messages, contact emergency services, and receive alerts, even when traditional networks were down.
In September, T-Mobile successfully sent its <a href="https://www.benzinga.com/news/24/09/40826886/t-mobile-sends-first-wireless-emergency-alert-via-spacexs-starlink-satellites-in-space">first wireless emergency alert</a> via Starlink satellites, highlighting the potential of this technology in public safety. The alert was transmitted from a Starlink satellite in low-Earth orbit, functioning as a cell tower in space, and was received by a T-Mobile smartphone within seconds. This demonstrated the capability of Starlink to provide geographically targeted alerts in emergencies.
Moreover, SpaceX executive Benjamin Longmier recently clarified that Starlink would <a href="https://www.benzinga.com/news/24/10/41592030/worried-starlink-wont-work-on-cell-phones-indoors-spacex-engineer-clears-the-air">enable connectivity for cellphones even indoors</a>, addressing concerns about signal availability.
This comes at a time when SpaceX CEO Musk said that the company will use proceeds from its Starlink service to fund the Mars mission.
SpaceX is also reportedly <a href="https://www.benzinga.com/24/11/42022150/spacex-to-launch-tender-offer-valuing-company-at-over-250-billion-report">preparing to launch a tender offer</a> that values the company at $250 billion. While the company is private, investors can leverage&nbsp;Destiny Tech100 Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXYZ#NYSE">DXYZ</a>)&nbsp;and&nbsp;Cathie Wood‘s&nbsp;Ark Venture Fund&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARKVX#NASDAQ">ARKVX</a>) to participate in the Musk-led space company&#8217;s growth.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/11/42207185/tesla-sweetens-referral-program-allowing-customers-to-earn-up-to-10000-as-elon-musks-ev-giant-races-to-50">Tesla Sweetens Referral Program, Allowing Customers To Earn Up To $10,000 As Elon Musk&#8217;s EV Giant Races To 500K Q4 Delivery Target</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

SPACE

Tech

ARKVX

DXYZ

TMUS

SpaceX's Starlink Direct-To-Cell Service Gets Commercial License From FCC: Here's What It Means

<ul>
<li>Nokia awarded more than 3,000 sites supporting Deutsche Telekom's Open RAN network ambitions</li>
<li>Supports Deutsche Telekom's Open RAN strategy of increasing choice in supplier base</li>
<li>Focus on high-power, large-scale multi-vendor Open RAN network rollout</li>
</ul>

Nokia Wins Deutsche Telekom Deal To Revolutionize Germany's O-RAN Landscape With 5G AirScale

CLVT

Clarivate's IPfolio To Drive Daikin's IP Innovation And Operational Efficiency

<h3>Companies Reporting Before The Bell</h3>
• Codere Online Luxembourg (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDRO#NASDAQ">CDRO</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $49.81 million. 
• CollPlant Biotechnologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLGN#NASDAQ">CLGN</a>) is likely to report quarterly loss at $0.37 per share on revenue of $730 thousand. 
• QuantaSing Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QSG#NASDAQ">QSG</a>) is likely to report quarterly earnings at $0.27 per share on revenue of $134.60 million. 
• Frontline (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FRO#NYSE">FRO</a>) is projected to report quarterly earnings at $0.45 per share on revenue of $361.42 million. 
• Golden Ocean Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGL#NASDAQ">GOGL</a>) is likely to report quarterly earnings at $0.33 per share on revenue of $196.25 million. 
• 111 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YI#NASDAQ">YI</a>) is expected to report earnings for its third quarter. 
• Arbe Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBE#NASDAQ">ARBE</a>) is likely to report quarterly loss at $0.11 per share on revenue of $450 thousand. 
• X Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYF#NYSE">XYF</a>) is likely to report earnings for its third quarter. 
• BOS Better Online Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOSC#NASDAQ">BOSC</a>) is expected to report earnings for its third quarter. 
<h3>Companies Reporting After The Bell</h3>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARBE

BOSC

CDRO

CLGN

GOGL

Earnings Scheduled For November 27, 2024

MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has become the epicenter of intense market speculation following a dramatic 23.64% stock decline over the past five sessions, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/24/11/42206056/bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-analyst-anticipates-strong-buyback-pressure-to-follow-sell-pressure">experienced a 5.52% drop during the same period</a>.
What Happened: Prominent investment analyst Gary Black of The Future Fund LLC raised alarm bells about MicroStrategy&#8217;s valuation, arguing that the company&#8217;s stock price &#8220;makes no sense.&#8221; Black&#8217;s analysis suggests the stock should be valued at around $105 per share—approximately 75% lower than its current trading price.
&#8220;Don't say I didn't warn you,&#8221; Black wrote. 
The company, led by CEO Michael Saylor, currently holds 386,700 Bitcoin, valued at $35.4 billion. With a market capitalization of $81.5 billion, MicroStrategy continues to trade at roughly 2.3 times the current value of its Bitcoin holdings.
The Kobeissi Letter highlighted unprecedented retail investor activity, noting that on a single Wednesday last week, retail investors purchased approximately $42 million of MSTR stock. 
This marked the largest daily retail purchase on record, with total retail investment approaching $100 million for the week. The stock experienced extraordinary trading dynamics, with last week seeing $136 billion in trading volume—exceeding even Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), despite AMZN having a market cap nearly 29 times larger.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Don't say I didn't warn you. Certainly got a lot of hate mail when we posted this 4 days ago. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> <a href="https://t.co/OwQlDbGstv">https://t.co/OwQlDbGstv</a> <a href="https://t.co/DNPMdBBtLY">https://t.co/DNPMdBBtLY</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1861661628019687856?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42207866/bitcoin-as-a-strategic-reserve-asset-cardano-founder-charles-hoskinson-predicts-btc-will-surge-to-500k-amid-defi-boom">Bitcoin Could Surge To $500K Amid DeFi Boom, Trump&#8217;s Pledge To Establish A BTC Strategic Reserve, Says Cardano Founder Charles Hoskinson</a>
Why It Matters: Standard Chartered analyst Geoffrey Kendrick provided critical market insights, suggesting Bitcoin may test support zones between $85,000 and $88,700. His year-end price target remains $125,000, with a long-term <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42192364/bitcoin-correction-could-go-as-deep-as-88700-but-125000-year-end-target-remains-in-play-says-standard-chartered">projection of $200,000 by the end of 2025</a>.
MicroStrategy&#8217;s investment approach involves a cyclical strategy of borrowing money through convertible notes, purchasing Bitcoin, driving price appreciation, selling shares at a premium, and reinvesting in more Bitcoin. 
Analysts are questioning the sustainability of this model, particularly whether Saylor can continue raising debt to purchase Bitcoin and if institutional and retail investor enthusiasm will persist.
Bitcoin&#8217;s recent pullback from near $100,000 to around $93,440 reflects broader market uncertainties, including reduced U.S. Treasury term premiums, <a href="https://www.benzinga.com/24/11/42206056/bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-analyst-anticipates-strong-buyback-pressure-to-follow-sell-pressure">upcoming options expirations, and institutional repositioning</a>.
Price Action: Bitcoin was trading at $93,433 at the time of writing, up by 0.80% in the last 24 hours.
According to <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">Benzinga Pro data</a>, the consensus price target for MicroStrategy is $449.50. The highest price target is $690, while the lowest is $140, implying a potential 54.56% upside based on the most recent analyst ratings.
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Image Via Shutetsrtock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Michael Saylor's MicroStrategy Plunges 23% In 5 Sessions While Bitcoin Slips Under 6%: Gary Black Quips 'Don't Say I Didn't Warn You'

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Russian-linked hacking group RomCom has exploited vulnerabilities in Mozilla Firefox and Microsoft Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Windows to target users across Europe and North America.
What Happened: In a blog post on Monday, security researchers at ESET shared that they have discovered that RomCom used two previously unknown zero-day vulnerabilities in a widespread cyberattack.
These flaws allowed hackers to deploy a "zero-click" exploit, installing malware remotely without user interaction.
See Also: <a href="https://www.benzinga.com/24/11/42153854/apples-future-ventures-huaweis-new-chip-and-googles-antitrust-woes-this-week-in-appleverse?itm_source=parsely-api">Apple&#8217;s Future Ventures, Huawei&#8217;s New Chip, And Google&#8217;s Antitrust Woes: This Week In Appleverse</a>
RomCom leveraged these vulnerabilities through malicious websites to infect victims' devices with backdoor malware, granting them extensive access.
Mozilla patched the Firefox vulnerability on Oct. 9, while Microsoft addressed the Windows flaw on Nov. 12, after a report from Google&#8217;s Threat Analysis Group.
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: RomCom was previously associated with a ransomware attack on Japanese tech giant Casio. The group is also notorious for targeting organizations allied with Ukraine. 
The attack by RomCom is also part of a broader pattern of Russian-linked cyber activities targeting various sectors globally. In September, it was reported that <a href="https://www.benzinga.com/news/24/09/40848363/pro-russian-hackers-reportedly-disrupt-taiwan-stock-exchange-on-thursday-services-restored-in-22-min">pro-Russian hackers</a> disrupted the Taiwan Stock Exchange, causing temporary service instability.
During the same month, <a href="https://www.benzinga.com/news/24/09/40912191/harris-walz-campaign-targeted-by-russian-hackers-microsoft-threat-analysis-center-notices-shift-in-t">Microsoft&#8217;s Threat Analysis Center</a> reported a shift in Russian cyber tactics, with operations targeting the Kamala Harris–Tim Walz campaign ahead of the 2024 presidential election.
Previously in March, Microsoft revealed that Russian hackers, known as Nobelium, stole some of its source code by <a href="https://www.benzinga.com/markets/equities/24/03/37561005/microsoft-says-russian-hackers-stole-code-after-spying-on-top-executives-attack-still-ongoing">spying on senior executives</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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The rise in prices of cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), and others may have enabled lower-income households to take out new mortgages to purchase property, a new study revealed.
What Happened: A paper by the U.S. Treasury&#8217;s Office of Financial Research has <a href="https://www.financialresearch.gov/briefs/files/OFRBrief-24-08-crypto-exposure-and-household-financial-outcomes.pdf">identified </a>a correlation between the surge in cryptocurrency investments and an increase in debt, particularly mortgages, in areas with high exposure to cryptocurrencies. 
Data showed that for low-income households in high-crypto exposure zip codes, the mortgage holder rate nearly quadrupled from 4.1% in January 2020 to 15.4% in January 2024. Additionally, the average balance per mortgage increased by over 150% from $171,773 in 2020 to $443,123.
&#8220;This indicates that low-income households may be using cryptocurrency gains to take out new mortgages and take out larger mortgages,&#8221; the study said.
The study also found that the average income of the cohort was $40,664 in January 2024, indicating a mortgage debt-to-income ratio of 0.53, well above the recommended benchmark of 0.36.
&#8220;It is particularly concerning because higher debt-to-income ratios are positively correlated with future default rates, especially during periods of turmoil such as the 2008 financial crisis,&#8221; the study stated.
That said, higher leverage among these groups hasn&#8217;t resulted in higher delinquency rates as of Q1 2024. On the contrary, delinquency on debt dropped the most among low-income households.
Mortgage delinquency dropped by 4.2% among low-income households in high-crypto exposure areas compared to 3.8% in low-crypto areas.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42205579/jim-cramer-says-bitcoin-and-ethereum-deserve-a-spot-in-your-portfolio-as-hedge-against-rising-us-debt-ive-liked-crypto-for-a-very-long-time">Jim Cramer Says Bitcoin And Ethereum &#8216;Deserve A Spot In Your Portfolio&#8217; As Hedge Against Rising US Debt: &#8216;I&#8217;ve Liked Crypto For A Very Long Time&#8217;</a>
It&#8217;s worth noting that during the period between January 2020 and January 2024, the total cryptocurrency market capitalization increased by 737%, from roughly $197 billion to $1.65 trillion.
Additionally, major coins like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) have leaped 355%, more than fourfold, in the said time period.
An August report <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40837412/65-of-u-s-consumers-think-crypto-could-replace-cash-in-the-future-deutsche-bank-report-fin">disclosed </a>that U.S. consumers are becoming more&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39253573/crypto-adoption-is-coming-slow-and-steady-research-report-says" target="_blank" rel="noreferrer noopener">receptive to cryptocurrency</a>, with fewer than 1% now dismissing it as a "fad," a significant drop from previous years.
Enthusiasts have placed high hopes in President-elect Donald Trump, who enthusiastically supported cryptocurrencies during his election campaign and is speculated to create the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house">first-ever White House role dedicated to cryptocurrency policy</a>.
Price Action: At the time of writing, Bitcoin was trading at $93,246.09, up 0.77% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
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