Latest news for BKW (OTC:BKWAF) Stock

BKW AG is an electric utility company in which the Swiss state of Bern holds a majority stake. The company segments its operations into energy, grid, and services businesses. The energy division builds, operates, and maintains the company's European power plants. While BKW controls a portfolio of wind, hydroelectric, gas, coal, and nuclear facilities, its wind power sites are responsible for most of its total energy generation. The majority of BKW's revenue comes from its energy division in the form of electricity sales to the broader European market and other power plants. The company's networks division, which builds and operates electrical distribution grids for customers outside of its primary markets of Switzerland and Italy, also represents a substantial revenue stream.

BKW AG

A special meeting of the Thunder Bridge IV stockholders (the "Special Meeting") to approve, among other things, the proposed business combination, will be held on December 5, 2024, at 10:00 a.m. Eastern Time at 101 Constitution Ave., NW, Suite 900, Washington, DC 20001, USA. Thunder Bridge IV also announced today that it&nbsp;will file&nbsp;with the SEC a definitive proxy statement/prospectus relating to the Special Meeting, which it expects to commence mailing on or about November 12, 2024 to its stockholders of record as of the close of business on October 25, 2024.

News

THCP

Reported Earlier, Thunder Bridge IV Secures SEC Approval, Schedules Special Meeting For Coincheck Business Combination Vote

Tech mogul and co-head of Department of Government Efficiency (DOGE), Elon Musk, defended the newly formed body&#8217;s efficiency amid criticism from Sen.&nbsp;Elizabeth Warren&nbsp;(D-Mass.)
What Happened: Taking a dig at the <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">appointment</a> of Musk and Vivek Ramaswamy to lead the highly-touted department, the three-time senator wrote in an X post, &#8220;The Office of Government Efficiency is off to a great start with split leadership: two people to do the work of one person. Yeah, this seems REALLY efficient.&#8221;
Musk clapped back by saying, &#8220;Unlike you, neither of us are being paid, so it is very efficient indeed,&#8221; perhaps revealing for the first time that he won&#8217;t be drawing any salary for the work. 
He expressed his confidence in DOGE&#8217;s potential to benefit the American people. &#8220;Let history be the judge.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Unlike you, neither of us are being paid, so it is very efficient indeed.<a href="https://twitter.com/DOGE?ref_src=twsrc%5Etfw">@DOGE</a> will do great things for the American people. Let history be the judge.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1856925863725412706?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/24/11/41961161/musk-ramaswamy-headed-doge-department-will-be-an-incredibly-challenging-endeavor-says-ted-cruzshares-this-piece-of-advice">Ted Cruz Says Running DOGE Won&#8217;t Be A Cake Walk, Offers Reading Advice To Elon Musk</a>
Why It Matters: The initiative, aimed at restructuring federal agencies and reducing government spending, became a huge talking point leading up to the elections, and with the official appointments, curiosity around its operations has grown even more.
Amid the hype, Senator&nbsp;Ted Cruz&nbsp;(R-Texas), who is considered close to Musk, said that running the department <a href="https://www.benzinga.com/24/11/41961161/musk-ramaswamy-headed-doge-department-will-be-an-incredibly-challenging-endeavor-says-ted-cruzshares-this-piece-of-advice">would be challenging</a> for someone from a private corporation due to the stark differences in incentives between the government and private companies.
Warren <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41764839/elizabeth-warren-wins-third-senate-term-overcomes-challenge-from-crypto-backed-gop-candida">won</a> her third Senate term in Massachusetts, beating pro-cryptocurrency opponent John Deaton. Musk, a supporter of cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), was <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41424071/coinbase-ceo-brian-armstrong-endorses-elizabeth-warrens-pro-crypto-rival-john-deaton-in-se">supportive of Deaton&#8217;s candidacy</a>.
Warren has been&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39070738/remember-elizabeth-warrens-anti-crypto-campaign-donald-trump-promises-to-keep-elizabeth-wa" target="_blank" rel="noreferrer noopener">detested by the cryptocurrency community</a>&nbsp;because of her overtly critical stance on the industry. She has argued for more regulations on the sector, arguing that it facilitates illegal activities that are largely untraceable.
In her defense, Warren said that she was okay with people buying and trading cryptocurrencies as long as they were subjected to the same laws as the traditional market.
Image via Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41961419/bitcoin-proxy-microstrategy-added-more-to-its-market-cap-in-last-2-months-than-what-ford-is-worth-currently">Bitcoin Proxy MicroStrategy Added More To Its Market Cap In Last 2 Months Than What Ford Is Worth Currently</a></li>
</ul>

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

Cryptocurrency

Politics

Markets

$BTC

$DOGE

TSLA

Elizabeth Warren's Sarcastic Take On DOGE's Split Leadership Gets Slammed By Elon Musk: 'Unlike You, Neither Of Us Are Being Paid'

Logistic Properties (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LPA#AMEX">LPA</a>) reported quarterly earnings of $0.15 per share. This is a 200 percent increase over earnings of $0.05 per share from the same period last year. The company reported $11.30 million in sales this quarter.

Earnings

Logistic Properties Q3 EPS $0.15 Up From $0.05 YoY, Sales $11.30M

Buybacks

ZETA

Reported Earlier, Zeta Global Bolsters Share Repurchase Program With $100M Buyback Authorization Through 2026

ZEEKR Intelligent Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) reported quarterly losses of $(0.66) per share which beat the analyst consensus estimate of $(1.26) by 47.62 percent. The company reported quarterly sales of $2.615 billion which missed the analyst consensus estimate of $2.807 billion by 6.83 percent.

Earnings Beats

Earnings Misses

ZEEKR Intelligent Tech Q3 2024 Adj. EPS $(0.66) Beats $(1.26) Estimate, Sales $2.615B Miss $2.807B Estimate

<ul>
<li>Dassault Systèmes' 3DEXPERIENCE platform helps automotive manufacturers streamline collaboration and deliver data-driven approaches to manage complexity</li>
<li>The 3DEXPERIENCE platform has been selected by Volvo Cars to be used in the development of electric vehicles, by the company's engineers</li>
<li>Volvo Cars is already using solutions from Dassault Systèmes, allowing for smooth migration of data to facilitate collaborative design and development</li>
</ul>

DASTF

DASTY

VLVCY

VLVLY

Volvo Cars Adopts Dassault Systèmes' 3DEXPERIENCE Platform To Drive Electric Vehicle Development

In a blog post on Wednesday, Cathie Wood-led ARK Invest has projected that the growth and profitability of AI data centers will remain strong, despite increasing power demand and costs.
What Happened: The blog written by Sam Korus, director of Research Autonomous Technology &amp; Robotics at ARK Invest, indicates that AI companies could partially operate off-grid through independent power generation.
For example, Tesla and SpaceX CEO Elon Musk has used generators to power xAI&#8217;s data center in Memphis, Tennessee, bypassing full grid interconnection.
ARK estimates that the additional demand from AI data centers will drive the growth in global electricity demand to 3.2% at a compound annual rate through 2030.
This is despite the average growth in electricity production globally being around 2.7% annually for the past five years.
See Also: <a href="https://www.benzinga.com/tech/24/11/41891237/apples-smart-camera-coming-in-2026-cupertino-eyeing-tens-of-millions-in-annual-shipments-says-top-supply-chain-analyst?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s Smart Camera Coming In 2026, Cupertino Eyeing &#8216;Tens of Millions&#8217; In Annual Shipments, Says Top Supply Chain Analyst</a>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="742" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14015236/Sam-Electricity-Reg-Blog-1-01-1-1024x742.png" alt="" class="wp-image-647104" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14015236/Sam-Electricity-Reg-Blog-1-01-1-1024x742.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14015236/Sam-Electricity-Reg-Blog-1-01-1-300x217.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14015236/Sam-Electricity-Reg-Blog-1-01-1-768x557.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14015236/Sam-Electricity-Reg-Blog-1-01-1.png 1380w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Source: ARK Invest</figcaption></figure>
ARK&#8217;s research also suggested that the time required to build new generation and distribution capacity will not be a limiting factor.
Electricity accounts for approximately 9% of total AI data center costs, leaving ample room for companies to invest in expedited, non-grid power solutions without disrupting data center economics.
The research suggested that the incremental capital required to meet the incremental electricity demand would be around $235 billion in 2030, roughly 6% of what ARK expects to be spent on AI hardware that year.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">AI data center growth and profitability should remain strong despite rising power demand and costs. Independent power generation could allow AI companies to operate partially off-grid, expediting development. <a href="https://twitter.com/skorusARK?ref_src=twsrc%5Etfw">@skorusARK</a> details more in a new research blog.<a href="https://t.co/TgJfUO9Rlj">https://t.co/TgJfUO9Rlj</a>
&mdash; ARK Invest (@ARKInvest) <a href="https://twitter.com/ARKInvest/status/1856712602975338871?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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Why It Matters: The power demand for AI has been a topic of concern, with President-elect Donald Trump previously <a href="https://www.benzinga.com/news/24/08/40329545/trump-left-shocked-by-power-hungry-ai-tells-elon-musk-requires-twice-the-energy-that-the-country-alr">expressing shock at AI&#8217;s substantial electricity</a> demands in a conversation with Musk.
Earlier, the CEO of Oklo Inc., Jacob DeWitte, also highlighted the <a href="https://www.benzinga.com/news/24/10/41343639/oklo-ceo-highlights-mind-blowing-demand-for-ai-power-says-googles-nuclear-deal-only-tip-of-the-icebe">&#8220;mind-blowing&#8221; demand for AI power</a>, noting that Alphabet Inc.—Google's parent company—partnering with Kairos Power is just the beginning for nuclear power startups eager to collaborate with major tech firms.
In April 2024, it was reported that if energy efficiency does not improve, <a href="https://www.benzinga.com/markets/asia/24/04/38163078/ai-could-consume-25-of-us-power-by-2030-the-more-information-they-gather-the-more-power-it-takes-war">AI data centers could account</a> for up to a quarter of U.S. power demand by the decade's end.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/41932289/ai-capabilities-plateauing-say-andreessen-horowitz-founders-echoing-concerns-of-openai-co-founder-ilya-sutskever?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">AI Capabilities Plateauing, Say Andreessen Horowitz Founders, Echoing Concerns Of OpenAI Co-Founder Ilya Sutskever</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Tech

Cathie Wood's Ark Invest Says Energy Bottlenecks Can't Stop AI Growth: Companies Could Go Partially Off-Grid

The project will combine TechnipFMC's leading subsea architecture with Saipem's (MILAN:SPM) EPCI solutions and best-in-class pipelay capabilities—notably J-Lay, the optimal solution given the location offshore Suriname—to accelerate time to first oil and increase schedule certainty.
TechnipFMC's contracted scope for the project includes Subsea 2.0&#xAE; tree systems, manifolds, connectors, and topside control equipment. The Company will also supply umbilicals, flexible jumpers, and flexible risers.

Contracts

TechnipFMC Lands Major iEPCI Contract For TotalEnergies' GranMorgu Project

VEON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEON#NASDAQ">VEON</a>) reported $1.04 billion in sales this quarter. This is a 9.84 percent increase over sales of $945.00 million the same period last year.

VEON

VEON Q3 Sales $1.04B Up From $945.00M YoY, EBITDA $438M Down From $444M YoY

ARCT

Meiji Seika Pharma Invests In ARCALIS, Expects To Enhance Japan's mRNA Vaccine Infrastructure

The CNN Money Fear and Greed index showed a slight improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Wednesday.
U.S. stocks settled mixed on Wednesday, as investors digested the recent inflation data. The U.S. annual inflation rate rose to 2.6% in October from 2.4% in the previous month, in line with market estimates. The CPI rose 0.2% month-over-month in October.
Shares of Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) fell around 10% on Wednesday after the company posted downbeat third-quarter results. CyberArk Software Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) reported better-than-expected earnings for its third quarter.
Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, energy, and real estate stocks recording the biggest gains on Wednesday. However, information technology and communication services stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 47 points to 43,958.19 on Wednesday. The S&amp;P 500 rose 0.02% to 5,985.38, while the Nasdaq Composite fell 0.26% at 19,230.73 during Wednesday's session.
Investors are awaiting earnings results from The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>), and Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 67.5, the index remained in the &#8220;Greed&#8221; zone on Wednesday, versus a prior reading of 66.5.
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/24/11/41936916/top-4-consumer-stocks-that-may-explode-in-november">Top 4 Consumer Stocks That May Explode In November</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Trading Ideas

AMAT

CYBR

US Stocks Settle Mixed Following Inflation Data: Investor Sentiment Improves, But Fear Index Remains In 'Greed' Zone

Kontoor Brands' Lee Partners With Alpha Industries To Launch Capsule Collection

NFL wide receiver&nbsp;Odell Beckham Jr. took a dig at those who criticized his choice to take his salary in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) amid the leading cryptocurrency&#8217;s record-shattering rally.
What Happened: On Wednesday, the star player took to X, saying, &#8220;Soooo who said taking my Rams salary in Bitcoin was dumb again?&#8221; Beckham&#8217;s post included a Bitcoin price chart, showing the coin&#8217;s ongoing rally.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Soooo who said taking my Rams salary in bitcoin was dumb again? &#x1f914;&#x1f92b;&#x1f60c; <a href="https://t.co/7ZPJtRm2gG">pic.twitter.com/7ZPJtRm2gG</a>
&mdash; Odell Beckham Jr (@obj) <a href="https://twitter.com/obj/status/1856744340795662432?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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During the peak of the last cryptocurrency bull cycle in 2021, Beckham a<a href="https://www.benzinga.com/markets/cryptocurrency/21/11/24257085/odell-beckham-jr-to-be-paid-in-bitcoin-give-away-1m-of-btc-its-a-new-era">nnounced accepting a Bitcoin paycheck</a> from his previous team, the Los Angeles Rams. He used Block&#8217;s CashApp wallet to receive the salary and dubbed it a &#8220;new era.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41961419/bitcoin-proxy-microstrategy-added-more-to-its-market-cap-in-last-2-months-than-what-ford-is-worth-currently">Bitcoin Proxy MicroStrategy Added More To Its Market Cap In Last 2 Months Than What Ford Is Worth Currently</a>
Why It Matters: As it turns out, the decision has paid off, as Bitcoin has been hitting new milestones daily, aided by the triumph of cryptocurrency-friendly President-elect Donald Trump. The apex cryptocurrency has surged over 20% since <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41874288/bitcoin-ethereum-etfs-react-as-btc-surges-past-82k-after-trumps-win">Trump&#8217;s election win</a> last week.
The trend of athletes accepting a portion of their salary in Bitcoin has not been new, though, and Beckham is not alone in this endeavor. Other <a href="https://www.benzinga.com/markets/cryptocurrency/22/01/25069731/9-star-athletes-who-take-salary-endorsement-money-in-bitcoin-aaron-rodgers-klay-thompson-a">notable athletes</a>, including Aaron Rodgers and Russell Okung, have also chosen to receive part of their earnings in Bitcoin.
Okung, a two-time NFL Pro Bowl player, is credited with initiating the &#8220;pay me in Bitcoin&#8221; movement with a tweet in 2019. This trend signifies a growing interest among athletes in cryptocurrencies and their potential as a form of payment.
Price Action: At the time of writing, Bitcoin was exchanging hands at $90,137.75, up 3.74% 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>.
Photo Courtesy Michael Potts F1 On Shutterstock.com
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41952244/michael-novogratz-bitcoin-reserve-could-push-price-to-500000-but-likelihood-is-low">Michael Novogratz: Bitcoin Reserve Could Push Price To $500,000, But Likelihood Is Low</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>

Sports

Odell Beckham Jr. Scoffs At Nonbelievers Who Questioned His Bitcoin Paycheck Choice As Top Crypto Rallies Past $93K

Macro Economic Events

Econ #s

Economics

INDA

India Wholesale Price Index (WPI) Inflation (YoY) For October 2.36% Vs. 2.20% Est.; 1.84% Prior

SpaceX CEO Elon Musk on Wednesday hinted at plans to <a href="https://www.benzinga.com/topic/the-boring-company">deploy tunneling equipment</a> from The Boring Company to help his dream of enabling a human settlement on Earth&#8217;s neighboring planet Mars.
What Happened: &#8220;Tunnels will be important on Mars,&#8221; Musk said in a post on social media platform X. The CEO was responding to a user who envisioned humans living in an interconnected web of tunnels on Mars owing to the dust storms on the surface. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Tunnels will be important on Mars
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1856637946129998153?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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&#8220;Prufrock fits nicely in the Starship payload bay,&#8221; The Boring Company also wrote on its official X account. Prufrock is the name of the company&#8217;s tunneling equipment. It launches from the surface, mines underground, and resurfaces upon completion, removing the need to excavate pits to launch and retrieve the machine.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Prufrock fits nicely in the Starship payload bay <a href="https://t.co/F6xBke5ZUL">https://t.co/F6xBke5ZUL</a>
&mdash; The Boring Company (@boringcompany) <a href="https://twitter.com/boringcompany/status/1856750432909234401?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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The Boring Company was founded by Musk in 2017 as a subsidiary of SpaceX but spun off a year later. The company is currently <a href="https://www.benzinga.com/news/24/06/39245293/elon-musks-boring-company-is-making-a-tunnel-at-giga-texas-for-transporting-cybertrucks">making underground tunnels or loops</a> aimed at resolving traffic in congested cities. 
Why It Matters: Starship, the key to Musk&#8217;s dreams of taking humans to the Moon and Mars, is currently in the testing and development phase.
In September, Musk said that the first Starship launch to Mars is <a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing">expected in 2026 </a>and that it will not have a crew on board. Provided that the uncrewed flights do well, the first crewed flights to Mars will be in 4 years, Musk then said, pegging the first crewed Starship flights to Mars for 2028. 
Musk has often reiterated his dreams of taking humans to Mars and building a self-sustaining city on the red planet. The CEO in September said that the company is now eyeing building a self-sustaining Martian city in about 20 years.
However, Starship has had only five test flights to date and is yet to carry any payload to space. Its next and sixth flight is expected <a href="https://www.benzinga.com/news/24/11/41796966/spacexs-starship-to-fly-again-in-less-than-2-weeks">as early as Nov. 18.</a> 
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>
Read Next:
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<li><a href="https://www.benzinga.com/tech/24/11/41934708/tesla-recalls-over-2400-cybertrucks-in-us">Tesla Recalls Over 2400 Cybertrucks In US</a></li>
</ul>
Image created with AI tools and official SpaceX photos on Flickr

SPACE

Elon Musk Eyes Martian Tunnels Dug Using The Boring Company Equipment, Hints At Using SpaceX's Starship To Take Them To Mars

Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) will release earnings results for its third quarter, before the opening <a href="https://www.benzinga.com/quote/AAP/earnings">bell on Thursday, Nov. 14.</a>
Analysts expect the Raleigh, North Carolina-based company to report quarterly earnings at 54 cents per share, versus a year-ago loss of 82 cents per share. Advance Auto Parts projects to report revenue of $2.67 billion for the quarter, compared to $2.72 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Nov. 4, Advance Auto Parts announced the close of the sale of Worldpac, Inc. to global investment firm Carlyle (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CG#NASDAQ">CG</a>).
Advance Auto Parts shares gained 2.6% to close at $40.94 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/AAP/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61aa12038d115900012d093d/steven-shemesh">RBC Capital analyst Steven Shemesh</a> maintained a Sector Perform rating and cut the price target from $52 to $46 on Nov. 11. This analyst has an accuracy rate of 65%.</li>
<li>Truist Securities analyst Scott Ciccarelli maintained a Hold rating and lowered the price target from $46 to $41 on Nov. 7. This analyst has an accuracy rate of 78%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5a259df2efacff0001e43834/greg-melich">Evercore ISI Group analyst Greg Melich</a> maintained an In-Line rating and decreased the price target from $71 to $67 on Oct. 22. This analyst has an accuracy rate of 80%.</li>
<li>Wedbush analyst Seth Basham upgraded the stock from Neutral to Outperform on Oct. 15. This analyst has an accuracy rate of 69%.</li>
<li>Wells Fargo analyst Zachary Fadem maintained an Equal-Weight rating and slashed the price target from $50 to $40 on Sept. 13. This analyst has an accuracy rate of 73%.</li>
</ul>
Considering buying AAP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="544" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14012435/image-143-1024x544.png" alt="" class="wp-image-647053" style="width:704px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14012435/image-143-1024x544.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14012435/image-143-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14012435/image-143-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14012435/image-143.png 1237w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41936916/top-4-consumer-stocks-that-may-explode-in-november">Top 4 Consumer Stocks That May Explode In November</a></li>
</ul>

Price Target

Analyst Ratings

Advance Auto Parts Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Accenture will leverage Kyoto University's expertise in various fields, including behavioral economics, psychology and philosophy, to create breakthrough new research and insights on AI technology and how its applications to people, society and business can more closely align to human thought and behavior.

Accenture And Kyoto University Unite For Comprehensive AI Collaboration

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) to report quarterly earnings at $1.10 per share on revenue of $22.35 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Disney shares rose 0.6% to $103.30 in after-hours trading.</li>
<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) reported better-than-expected results for its first quarter and raised its full-year 2025 guidance. The company reported first-quarter revenue of $13.84 billion, beating the consensus estimate of $13.77 billion. The networking equipment maker reported adjusted earnings of 91 cents per share, beating analyst estimates of 87 cents per share. Cisco shares fell 2.9% to $57.45 in the after-hours trading session.</li>
<li>Analysts are expecting Advance Auto Parts, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAP#NYSE">AAP</a>) to post quarterly earnings at 49 per share on revenue of $2.65 billion. The company will release earnings before the markets open. Advance Auto Parts shares fell 0.2% to $40.85 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Helmerich &amp; Payne, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HP#NYSE">HP</a>) reported worse-than-expected fourth-quarter earnings and sales results on Wednesday. Helmerich &amp; Payne shares fell 3.3% to $35.00 in the after-hours trading session.</li>
<li>Analysts expect Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) to report quarterly earnings at $2.19 per share on revenue of $6.95 billion after the closing bell. Applied Materials shares gained 0.2% to $183.22 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41936916/top-4-consumer-stocks-that-may-explode-in-november">Top 4 Consumer Stocks That May Explode In November</a></li>
</ul>
Photo courtesy: Unsplash

CSCO

Disney, Cisco And 3 Stocks To Watch Heading Into Thursday

Just Eat Takeaway.com (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JTKWY#OTC">JTKWY</a>) has announced the sale of its U.S. food delivery business, Grubhub, to Wonder Group for an enterprise value of $650 million.
What Happened: This deal follows ongoing efforts to divest Grubhub after pressure from investors. The transaction is expected to generate net proceeds of up to $50 million for Just Eat Takeaway after adjustments. 
The completion is set for the first quarter of 2025, pending regulatory approval. The sale is aimed at improving Just Eat's financial position, supporting investment in key markets, and boosting cash flow. 
Wonder, which acquired meal kit company Blue Apron in 2023, plans to integrate Grubhub into its food service platform. Shares of Just Eat rose 20% following the announcement. 
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/41960833/cathie-wood-cashes-out-on-rocket-labs-28-surge-in-9m-share-sale-but-expands-bet-on-flying-cars">Cathie Wood Cashes Out On Rocket Lab&#8217;s 28% Surge in $9M Share Sale But Expands Bet On Flying Cars</a></li>
</ul>
Image Via Pixabay 
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>

Equities

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JTKWY

Just Eat Takeaway Sells Grubhub To Wonder For $650M, Marking Strategic Exit From US Market

NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang on Wednesday said that he passed on an opportunity to acquire full ownership of the chipmaker, now valued at $3.6 trillion when SoftBank Group&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) Masayoshi Son offered financial backing years ago.
What Happened: During a candid exchange at Nvidia&#8217;s AI summit in Tokyo, Huang revealed that Son approached him about a decade ago with an offer to help finance a complete buyout of Nvidia, believing the stock market undervalued the company at the time.
&#8220;Now I regret not taking you up,&#8221; Huang told Son during their public conversation. &#8220;That was a great idea.&#8221;
The conversation took a lighter turn when Son playfully pretended to cry on Huang&#8217;s shoulder after discussing <a href="https://www.benzinga.com/markets/equities/24/06/39429393/regret-missing-out-on-nvidia-rally-youre-not-alone-as-softbanks-masayoshi-son-laments-157b-lost-">SoftBank&#8217;s early exit from Nvidia investments</a>. &#8220;We can cry together,&#8221; Huang joked. &#8220;Could you imagine if today, you were the largest shareholder?&#8221;
See Also: <a href="https://www.benzinga.com/24/11/41960833/cathie-wood-cashes-out-on-rocket-labs-28-surge-in-9m-share-sale-but-expands-bet-on-flying-cars">Cathie Wood Cashes Out On Rocket Lab&#8217;s 28% Surge in $9M Share Sale But Expands Bet On Flying Cars</a>
Why It Matters: Nvidia&#8217;s remarkable ascent has been fueled by the artificial intelligence boom, with the company&#8217;s chips playing a crucial role in powering AI technologies. The company&#8217;s stock has surged nearly 200% this year alone, propelling Huang&#8217;s net worth to $128 billion and making him the 11th richest person globally, according to the Bloomberg Billionaires Index.
The discussion preceded the announcement of a new <a href="https://www.benzinga.com/news/global/24/11/41929194/nvidia-and-softbank-to-build-japans-top-ai-supercomputer-on-blackwell-platform-jensen-huang-says-tokyo-is-leaping-into-the-ai-industrial-revolution">partnership between Nvidia and SoftBank</a> to develop Japan&#8217;s most powerful AI supercomputer, marking a significant development in Japan&#8217;s AI infrastructure expansion.
Son, who ranks 133rd on Bloomberg&#8217;s wealth index with a $15.9 billion fortune, has seen his wealth increase by more than $5 billion this year, though that pales in comparison to what might have been had SoftBank retained its earlier Nvidia investments.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/41961054/softbank-returns-to-profit-driven-by-indian-ipos-whats-next-for-masayoshi-son">SoftBank Is In Profit Once Again Thanks To Indian IPOs: What&#8217;s Next For Masayoshi Son?</a></li>
</ul>
Image via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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