Latest news for Black Cat Syndicate (OTC:BLCAF) Stock

Black Cat Syndicate Ltd is a mining company. It focuses on the exploration and development of the goldfield project. The company is engaged in the exploration and development of the Bulong Gold Field project located to the east of Kalgoorlie. The company has one reportable segment being mineral exploration. The company's project includes Kal East Gold project, Coyote Gold Operation, Paulsens Gold Operation.

Black Cat Syndicate Ltd

Bernstein analyst Laurent Yoon maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Market Perform and raises the price target from $600 to $625.

News

Price Target

Analyst Ratings

NFLX

Bernstein Maintains Market Perform on Netflix, Raises Price Target to $625

Baird analyst Andrew Wittmann maintains Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) with a Outperform and raises the price target from $287 to $288.

Baird Maintains Outperform on Quanta Services, Raises Price Target to $288

AUGX

Trading Halt: Halt status updated at 7:25:00 AM ET: Quotation Resumption: News and Resumption Times

CAAS

China Automotive Systems Declared Special Cash Dividend Of $0.80 Per Common Share, Payable On Or About August 22

Baird analyst Robert Mason maintains Atmus Filtration Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATMU#NYSE">ATMU</a>) with a Outperform and lowers the price target from $37 to $36.

ATMU

Baird Maintains Outperform on Atmus Filtration Techs, Lowers Price Target to $36

U.S. stocks are gearing up for a nervy as index futures were seen hugging the flat line. Uncertainty, which is one of the biggest enemies of the market, has intensified on all fronts. The Federal Reserve hasn&#8217;t committed to a timeframe for <a href="https://www.benzinga.com/economics/24/07/39800936/fed-rate-cuts-a-signal-to-sell-stocks-and-buy-bonds">starting rate cuts</a> despite the recent soft growth data and slowing inflationary measures. Things look murky on the geopolitical front. President Joe Biden&#8216;s fate is unknown yet as the calls for him to step down intensify.
And the Republican presidential candidate Donald Trump&#8217;s extreme right-wing agenda has kept traders on the tenterhook. On top of these, both candidates have talked tough regarding their stances on China.
The tech sector could react to a massive service outage reported by Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) that disrupted operations of banks, airlines, broadcasters, stock exchanges, among others worldwide, and Netflix, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) earnings
San Francisco Fed President Mary Daly, who spoke after the market close on Thursday, chose to tread a cautious line. While acknowledging that recent inflation is encouraging, she said &#8220;We&#8217;re not there yet.&#8221; A couple of more Fed officials will speak on Thursday before the Fed blackout period starts.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.08%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.02%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.19%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.03%</td>
</tr>
</tbody>
</table>
</figure>
Cues From Last Session:
U.S. stocks closed notably lower on Thursday as the downward momentum carried over into the session amid the release of mixed economic data and fairly dovish comments from Chicago Fed President Austan Goolsbee. Weekly jobless claims rose much more than expected, while regional manufacturing activity accelerated more than expected in July and the Conference Board&#8217;s leading economic index fell by less than expected in June.
The major indices opened mixed but turned uniformly higher in early trading as traders made sense of the economic data. Subsequently, selling pressure set in, sending the averages steadily lower. The Dow Industrials snapped a six-session winning streak, while the S&amp;P 500 and Dow Industrials ended at their lowest levels in nearly three weeks.
The sell-off was nearly broad based with only energy stocks bucking the downtrend. Healthcare, financial, consumer discretionary and material stocks bore much of the brunt of the sell-off.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.70%</td>
<td>17,871.22</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.78%</td>
<td>5,544.59</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.29%</td>
<td>40,665.02</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.85%</td>
<td>2,198.29</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.04% to $552.89, while the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.03% to $479.34, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Insights From Analysts:
Despite the recent tech-led sell-off, a strategist is optimistic about the way forward for the market. &#8220;The summer rally that we've got in 2024 has gotten healthier. We like the participation at the index level, also at the stock level,&#8221; BofA Technical Strategist Stephen Suttmeier <a href="https://x.com/SquawkCNBC/status/1813919347565621722">said </a>in a CNBC interview.
After the Nasdaq 100, the S&amp;P 500 rose to a new high, and earlier this week the S&amp;P Equal-Weighted Index and the Dow Industrials followed them to new peaks, he said. The Russell 2,000 Index also broke out from a two to three-year base, he added.
&#8220;So a lot of improvement, more participation tends to be healthier for the market,&#8221; the strategist said.
Suttmeier said the S&amp;P 500 hit the 5,600 target BofA&#8217;s had for the summer rally and he sees the scope for the index climbing further to 6,150, probably within the next you know 12 months or so.
Ryan Detrick of Carson Group highlighted one positive among the recent downtrend. The S&amp;P 500 is on the longest streak since the Great Financial Crisis without a 2% drop. &#8220;Past few days have definitely added some more volatility but not long enough to end this streak just yet,&#8221; he said.
<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">Longest streak since the GFC without a 2% drop for the S&amp;P 500. Past few days have definitely added some more volatility, but not enough to end this streak just yet. <a href="https://t.co/4zI6pbK3bZ">pic.twitter.com/4zI6pbK3bZ</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1814043725468963158?ref_src=twsrc%5Etfw">July 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
<ul>
<li>New York Fed President John Williams&nbsp;will speak at 10:40 a.m. EDT followed by Atlanta Fed President Raphael Bostic&nbsp;at 1 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Stocks In Focus:
<ul>
<li>Netflix fell 1.25% in premarket trading following the streaming giant&#8217;s quarterly earnings announcement, while Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) climbed over 6.5% on earnings.</li>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) and&nbsp;Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) are among the key companies due to release their quarterly results ahead of the market open.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) plunged by over 16.5% after the company announced the halting of some operations.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) slumped about 11% following the company&#8217;s plan to sell shares.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) plummeted about 14% and Microsoft dropped about 2% on the latter&#8217;s service outage. A defect in a single content update for Windows hosts made by cybersecurity company CrowdStrike is said to have caused the outage.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell for a second straight day, dropping toward the $81-a-barrel mark while gold futures fell sharp as they look to extend their two-day losing streak. The 10-year Treasury yield climbed 6.7 points to 4.215% after spiking over 1% on Thursday. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell toward the $64K level.
Asian stocks closed mostly lower, dragged by Wall Street&#8217;s negative lead, but the Chinese and Malaysian markets bucked the downtrend. The modest strength in Chinese stocks came after a meeting of the Chinese Communist Party's Central Committee that ended Thursday and passed a resolution on &#8220;deepening reform&#8221; to &#8220;advance Chinese modernization.&#8221;
The European markets traded in the red in the early hours.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/07/39849593/fed-rate-cut-expectations-drop-mortgage-rates-to-4-month-lows-surge-in-new-applications-refinance-de">Fed Rate Cut Expectations Drop Mortgage Rates To 4-Month Lows: Surge In New Applications, Refinance Demand</a></li>
</ul>
Photo by Jirapong Manustrong on Shutterstock

Earnings

Equities

Futures

Previews

Economics

Federal Reserve

Markets

Movers

Trading Ideas

$BTC

CRWD

ISRG

MSFT

PLUG

SPWR

Wall Street Set To End Week On Subdued Note As CrowdStrike, Microsoft Drop Amid Global Outage: Analyst Sees 10% Upside Potential For S&P 500 Over Next 12 Months

Needham analyst John Todaro reiterates Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) with a Buy and maintains $260 price target.

Reiteration

COIN

Needham Reiterates Buy on Coinbase Glb, Maintains $260 Price Target

Baird analyst Mike Polark maintains Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) with a Outperform and raises the price target from $487 to $503.

Baird Maintains Outperform on Intuitive Surgical, Raises Price Target to $503

Upon JJ&rsquo;s arrival, John Barresi, the Company&rsquo;s Interim Chief Financial Officer, will resume his role as SVP, Controller.
Also, Aimee Lenar joined the company on July 15, 2024 as Executive Vice President, US Pharma.&nbsp;

Management

Bausch Health Companies Says Jean-Jacques Charhon Will Join Company As CFO On August 19, 2024 - Filing

Needham analyst Joshua Reilly reiterates Clear Secure (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) with a Buy and maintains $40 price target.

Needham Reiterates Buy on Clear Secure, Maintains $40 Price Target

The offering is expected to close on or about July 22, 2024, subject to market and other customary closing conditions.&nbsp;
The gross proceeds to Plug Power from the offering, before deducting the underwriting discount and other offering expenses payable by Plug Power, are expected to be approximately&nbsp;$200 million.
Plug Power intends to use the net proceeds from the offering for general corporate purposes.

Offerings

Plug Power Reports Pricing Of Its Previously Announced Public Offering Of 78.74M Shares At $2.54 Per Share

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Lisata Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSTA#NASDAQ">LSTA</a>) with a Buy and maintains $15 price target.

LSTA

HC Wainwright & Co. Reiterates Buy on Lisata Therapeutics, Maintains $15 Price Target

Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) <a href="https://www.benzinga.com/topic/autonomous-vehicles" target="_blank" rel="noreferrer noopener">autonomous ride hailing service</a> Waymo is gathering its efforts to secure access for its robotaxis at San Francisco International Airport (SFO).
The company aims to start pickups and drop-offs at the airport, according to emails reviewed by <a target="_blank" href="https://techcrunch.com/2024/07/18/waymo-wants-to-bring-robotaxis-to-sfo-emails-show/" rel="noreferrer noopener">TechCrunch</a>.
While Waymo already<a target="_blank" href="https://www.benzinga.com/news/24/06/39494723/waymo-autonomous-rides-now-available-to-everyone-in-san-francisco-heres-how-you-can-enjoy-driverless" rel="noreferrer noopener"> holds permits to operate its robotaxi service</a> in San Francisco, parts of the Peninsula, and on highways leading to the airport, SFO access requires separate approval from the San Francisco Airport Commission.
Permits for airport access are granted at SFO&#8217;s discretion. According to SFO spokesperson Doug Yakel, the process for Waymo may be as complex as it was for Uber Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) over a decade ago, the report mentioned.
&#8220;Given that this is a new mode of transportation, we would need to create a new permit structure, similar to what we did 10 years ago for companies like Uber and Lyft,&#8221; Yakel wrote in response to questions, per the report.&nbsp;
Despite a failed attempt in 2023 to map the airport, Waymo is committed to navigating the lengthy approval process.
Communications between Waymo executives, SFO officials, and Mayor London Breed&#8217;s office since March 2024 highlight ongoing discussions and meeting arrangements.
In an email to SFO General Manager Ivar Satero, Waymo&#8217;s Chief Product Officer Saswat Panigrahi emphasized the company&#8217;s expertise in San Francisco and at Phoenix Sky Harbor Airport.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39845906/whats-going-on-with-googles-parent-alphabet-stock-on-thursday" rel="noreferrer noopener">Italy Investigates Google&#8217;s Consent Methods For Linking User Data</a>
Panigrahi expressed Waymo riders&#8217; demand for service to SFO and the company&#8217;s willingness to partner with airport leaders.
The report further noted a Waymo spokesperson who confirmed preliminary talks with SFO to start noncommercial mapping with a human driver at the airport. The company plans to follow a phased approach similar to its partnership with Phoenix Sky Harbor Airport.
The first procedural step involves digital mapping of SFO&#8217;s roadways, a permit for which was postponed in 2023 by Abubakar Azam, SFO&#8217;s director of landside operations.
Autonomous vehicles, though promising, have a long way to go as a series of crash incidents question their credibility.
In February, Waymo issued a voluntary recall for its autonomous vehicle software following two incidents in Phoenix on Dec. 11, 2023, where two Waymo robotaxis crashed into the same towed pickup<a target="_blank" href="https://www.benzinga.com/news/24/02/37117493/a-first-in-autonomous-vehicle-history-googles-waymo-retracts-self-driving-software-after-phoenix-cra" rel="noreferrer noopener"> truck within minutes of each other</a>.
In early June Waymo recalled 672 of its self-driving vehicles after identifying their inability to<a target="_blank" href="https://www.benzinga.com/news/24/04/38351567/feel-sorry-for-the-bots-tesla-ceo-elon-musk-reacts-to-waymo-robotaxi-vandalism-in-san-francisco" rel="noreferrer noopener"> avoid a pole or pole-like objects.</a>
However, Waymo&nbsp;released a safety report in June pegging its autonomous driving technology as better than that of a human <a target="_blank" href="https://www.benzinga.com/news/24/06/39394686/alphabet-unit-waymo-claims-lower-crash-rate-despite-regulator-probes-into-risky-driving-behavior-thi" rel="noreferrer noopener">driver, resulting&nbsp;in fewer crashes</a>.
The California Public Utilities Commission granted Waymo autonomous operations approval for San Mateo County in March 2024. However, SFO officials want to see Waymo safely serving surrounding communities before approving airport activities.
Price Action: GOOGL shares are trading higher by 0.67% at $178.88 in premarket at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39846121/chatgpt-parent-openai-unveils-gpt-4o-mini-a-cost-effective-ai-model-for-developers" target="_blank" rel="noreferrer noopener">ChatGPT Parent OpenAI Unveils GPT-4o Mini &#8211; A Cost-Effective AI Model For Developers</a></li>
</ul>

Media

General

GOOG

GOOGL

LYFT

UBER

Waymo Pushes for Robotaxi Access At San Francisco Airport

HC Wainwright &amp; Co. analyst Andrew Fein maintains Vigil Neuroscience (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIGL#NASDAQ">VIGL</a>) with a Buy and lowers the price target from $24 to $17.

VIGL

HC Wainwright & Co. Maintains Buy on Vigil Neuroscience, Lowers Price Target to $17

Augmedix To Be Acquired By Commure In An All-cash Transaction That Values Company At Approximately $139M In Equity Value

Noted tech analyst and Tesla Inc. bull Gene Munster reassured investors amid a tech stock rotation.
What Happened: During CNBC&#8217;s &#8220;Squawk Box&#8221; on Thursday, Munster highlighted that the market pullback in recent times is much better than the pullback during the dot-com bust era.
&#8220;It is normal when the market is so strong for investors to get near-term nervous about some events, yesterday be it commentary from Trump and Biden around regulation and treatment of Taiwan,&#8221; Munster said.
&#8220;But at the end of the day, the fundamentals are going to power AI. They are much more powerful than politics and I&#8217;m still very bullish that we are in a three to five-year bull market.&#8221;
Munster also pointed out that private AI software companies such as OpenAI and Elon Musk&#8216;s&nbsp;xAI&nbsp;will be the &#8220;apple&#8221; for public investors to &#8220;get a shot at&#8221; after they become publicly listed in a couple of years.
<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">The rotation out of tech has some investors sweating. But <a href="https://twitter.com/munster_gene?ref_src=twsrc%5Etfw">@Munster_Gene</a> reminds us pullbacks aren&#39;t uncommon: &quot;It is normal when the market is so strong for investors to get near-term nervous about some events.&quot; <a href="https://t.co/HE2pg17764">pic.twitter.com/HE2pg17764</a>
&mdash; Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1813963433160659133?ref_src=twsrc%5Etfw">July 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/gaming/24/07/39826578/discover-xboxs-deadpool-inspired-cheeky-controller-and-how-to-get-it?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Discover Xbox&#8217;s Deadpool-Inspired &#8216;Cheeky Controller&#8217; And How To Get It</a>
Why It Matters: Munster&#8217;s comes at a time when the tech-heavy<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39823332/nasdaq-100-suffers-worst-day-in-11-months-as-chipmakers-tumble-on-china-curbs-magnificent-"> Nasdaq 100 suffered</a> its worst day in nearly a year. The index tumbled by 2.7% following news of the Biden administration hastening export restrictions to China, causing a broad selloff in the semiconductor industry.
Despite the recent downturn, the U.S. stock market has seen a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39825881/5-tech-stocks-set-to-gain-from-us-chip-crackdown-on-china-jpmorgan">surge in recent months</a>, largely attributed to the excitement surrounding AI. This rally has led to comparisons with the dot-com bubble of the late 1990s, raising concerns about potential overvaluation. 
While the current market situation has stirred significant concern among investors, some analysts see potential benefits for select tech stocks. Amid the geopolitical tensions and potential for higher tariffs, certain companies are strategically positioned to benefit from the changing landscape.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39830846/microsoft-outpaces-apple-introduces-designer-ai-image-generation-tool-for-the-iphone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft Outpaces Apple, Introduces &#8216;Designer&#8217; AI Image Generation Tool For The iPhone</a></li>
</ul>
 Image via Shutterstock
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/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Analyst Color

Tech

Top Analyst Remains 'Very Bullish' About '3 To 5 Year Bull Market' Despite Tech-Induced Market Pullbacks

TLRY

Tilray Brands Says Unit SweetWater Brewing Launches New Rowdy Peach IPA In Collaboration With Atlanta United FC

HC Wainwright &amp; Co. analyst Andrew Fein maintains Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) with a Buy and raises the price target from $462 to $500.

VRTX

HC Wainwright & Co. Maintains Buy on Vertex Pharmaceuticals, Raises Price Target to $500

Guidance

American Express Raises Full-Year EPS Guidance From $12.65-$13.15 To $13.30-$13.80 vs $12.97 Est.

Insider Trades

NVDA

SERV

Nvidia On Thursday Disclosed A Stake of 62,500( Shares At Avg Price of $4/Share

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Black Cat Syndicate

News

Latest news for Black Cat Syndicate (OTC:BLCAF) Stock