Latest news for Carawine Resources (OTC:CAWRF) Stock

Carawine Resources Ltd is a mineral exploration company. It focuses on the exploration and development of gold, copper, cobalt, and base metal within Western Australia and Victoria. The company has five exploration projects: the Jamieson project, Tropicana North Project, Oakover project, Paterson project, and Fraser Range project.

Carawine Resources Ltd

In the current market session, AZEK Co Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZEK#NYSE">AZEK</a>) stock price is at $52.26, after a 0.29% decrease. However, over the past month, the company's stock went up by 18.77%, and in the past year, by 48.17%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1732805107_0.png" alt="Past Year Chart" />

<h3>AZEK Co P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
AZEK Co has a better P/E ratio of 50.39 than the aggregate P/E ratio of 31.41 of the Building Products industry. Ideally, one might believe that AZEK Co Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1732805107_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

News

Intraday Update

Markets

AZEK

A Look Into AZEK Co Inc's Price Over Earnings

Things are tight for shoppers right now. Prices are high. Wallets are stretched. And people are looking for deals wherever they can. IKEA's CEO, Jesper Brodin, gets it. &#8220;This has not been the most prosperous year,&#8221; he said in a recent interview with Business Insider. No kidding.
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To help, IKEA's cutting prices – big time. The company's spending $2.1 billion on slashing costs on its most popular items. Why? to attract shoppers who are skipping pricier stores. And guess what? It's working.&nbsp;
"We're seeing more customers who might've gone to more expensive competitors," Brodin told BI at his company's new Oxford Street store in London. "So we saw more people." Makes sense. When money's tight, people want the best bang for their buck.
But it hasn't been smooth sailing. IKEA's sales dropped for the first time since 2020. They're down 5.3%, falling to $47.5 billion for the year ending August 31. Tough times, even for <a href="https://www.benzinga.com/news/24/08/40550225/ikea-takes-on-ebay-and-craigslist-with-new-secondhand-furniture-marketplace">the king of budget furniture.</a>
See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a>
Brodin says it feels like 2008 all over again. Back then, shoppers pulled back hard after the recession hit. Even with inflation cooling, people are still holding on to their cash. They're shopping for the basics, like beds or kitchen tables, not splurging on extras.
"People have the same needs, but they have much less money in their wallet," Brodin said. It's all about needs-based shopping now. Think college essentials or setting up a nursery – stuff you can't skip.
DIY projects? Those are taking a hit, too. High interest rates mean fewer people are borrowing for home improvements. That's not great news for IKEA, but Brodin's staying optimistic.
Trending: Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a>
The pandemic didn't make things easier. Back then, everyone wanted new furniture for their home offices. However, IKEA struggled with supply chain issues and store closures. They shifted to online shopping, which helped, but the pressure hasn't let up.
"Home furnishing is still down globally," Brodin said. High rates and inflation are the culprits. And even with rates easing, he doesn't expect a quick bounce-back. "It takes time for people to open their wallets again."
China's not bouncing back fast, either. <a href="https://www.benzinga.com/personal-finance/24/06/39506996/ikea-founder-was-worth-60-billion-but-drove-a-1993-volvo-flew-coach-and-got-his-haircuts-in-deve">Retailers like IKEA,</a> Starbucks and luxury brands are feeling the pinch. Brodin's hoping government stimulus there will help. But for now, shoppers everywhere are still cautious.&nbsp;
It's a waiting game. IKEA is betting that lower prices and smart moves like opening a new store on London's Oxford Street will keep them ahead. But for now, everyone's feeling the squeeze.
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</ul>

Startups

IKEA CEO Hopes $2.1 Billion Price Cuts Will Draw Shoppers From Costly Competitors After Shaky Year

Nvidia Corporation CEO Jensen Huang once admitted that while he doesn't &#8220;love&#8221; every day of his job, his persistence has been key to building a company now valued at over $3 trillion.
What Happened: In May earlier this year, during a fireside chat, Huang conversed with Patrick Collison, the co-founder and CEO of Stripe, a multinational financial services and software as a service (SaaS) company.
During the conversation, Huang contested the popular belief that a career should always bring happiness. He said that creating something exceptional is challenging and does not always result in joy.&nbsp;
&#8220;I don&#8217;t love every day of my job, I don&#8217;t think every day brings me joy, nor does joy have to be the definition of a good day,&#8221; he stated, adding, &#8220;Every day I&#8217;m not happy, every year I&#8217;m not happy about the company but I love the company every single second.&#8221;
See Also: <a href="https://www.benzinga.com/markets/24/11/42210862/nvidias-journey-to-the-top-with-3-5-trillion-market-capitalization-how-the-ai-chip-giant-transformed-post-covid?itm_source=parsely-api">Nvidia&#8217;s Journey To The Top With $3.5 Trillion Market Capitalization: How The AI Chip Giant Transformed Post-COVID</a>
He further argued that the best jobs are not always those that bring constant happiness. &#8220;You have to suffer, you have to struggle, you have to endeavor &#8230; to really appreciate what you&#8217;ve done,&#8221; Huang elaborated.
He concluded by wishing others greatness, which, in his view, means wishing them &#8220;plenty of pain and suffering.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="A conversation with NVIDIA's Jensen Huang" width="500" height="281" src="https://www.youtube.com/embed/8Pfa8kPjUio?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: According <a href="https://www.forbes.com/profile/jensen-huang/">to</a> Forbes, Huang currently has a net worth of $118.2 billion, making him number 11 on the list of the world's richest people.
His wealth largely stems from his about 3% stake in Nvidia, <a href="https://www.benzinga.com/general/education/24/08/40635978/if-you-invested-1-000-in-nvidia-stock-at-ipo-heres-how-much-youd-have-now">which went public</a> on Jan. 22, 1999. He co-founded the Santa Clara-based chip and AI company with Chris Malachowsky and Curtis Priem, on April 5, 1993.
The company surpassed the $1 trillion market capitalization level in May 2023, becoming one of the most valuable companies globally. This growth trajectory continued this year, as Nvidia exceeded $2 trillion and a $3 trillion market cap, even briefly becoming the world's most valuable company.
At the time of writing, Nvidia had a market cap of $3.314 trillion. Earlier this month, the AI chip giant reported <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">third-quarter revenue</a> of $35.1 billion.
This marked a 94% year-over-year increase, with Nvidia surpassing the Street consensus estimate of $33.12 billion, according to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1">Benzinga Pro data</a>.
With this, the company has exceeded revenue analyst expectations for nine consecutive quarters. It has also surpassed earnings per share estimates for eight straight quarters.
Price Action: Nvidia's stock fell 1.15% on Wednesday, ending the day at $135.34. However, after-hours trading saw a 0.47% increase in shares. Year-to-date, Nvidia&#8217;s stock has risen by an impressive 180.96%, greatly outperforming the Nasdaq 100&#8217;s 25.39% gain during the same period.
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>.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Flickr/ Village Global

Tech

Jensen Huang Says He Doesn't 'Love' Every Day Of His Job. Here's How The Nvidia Boss Created A Company Worth Over $3 Trillion Today

MINISO Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>) will release its quarterly earnings report on Friday, 2024-11-29. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate MINISO Group Holding to report an earnings per share (EPS) of $0.33.
MINISO Group Holding bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Earnings History Snapshot</h3>
The company's EPS missed by $0.00 in the last quarter, leading to a 0.0% drop in the share price on the following day.
Here's a look at MINISO Group Holding's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.28</td>
<td>0.33</td>
<td>0.27</td>
<td>0.25</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.28</td>
<td>0.27</td>
<td>0.30</td>
<td>0.28</td>
</tr>
<tr>
<td>Price Change %</td>
<td>1.0%</td>
<td>2.0%</td>
<td>8.0%</td>
<td>-10.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1732802415_0.png" alt="eps graph" />
<h3>Market Performance of MINISO Group Holding's Stock</h3>
Shares of MINISO Group Holding were trading at $17.4 as of November 26. Over the last 52-week period, shares are down 23.72%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Observations about MINISO Group Holding</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on MINISO Group Holding.
With 3 analyst ratings, MINISO Group Holding has a consensus rating of Buy. The average one-year price target is $22.93, indicating a potential 31.78% upside.
<h3>Analyzing Analyst Ratings Among Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of and Ollie's Bargain Outlet, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<h3>Peer Metrics Summary</h3>
The peer analysis summary offers a detailed examination of key metrics for and Ollie's Bargain Outlet, providing valuable insights into their respective standings within the industry and their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ollie's Bargain Outlet</td>
<td>Outperform</td>
<td>12.41%</td>
<td>$219.03M</td>
<td>3.14%</td>
</tr>
</tbody>
</table>

Key Takeaway:
MINISO Group Holding ranks at the bottom for Revenue Growth among its peers, with a growth rate of 12.41%. The company also lags behind in Gross Profit, standing at $219.03M. Additionally, its Return on Equity is at 3.14%, indicating a lower performance compared to its peers.
<h3>Get to Know MINISO Group Holding Better</h3>
MINISO Group Holding Ltd is a retailer offering a variety of design-led lifestyle products. The principal activity of the Company is investment holding. The company's product categories include home decor, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care, snacks, fragrance and perfumes, and stationery and gifts. Its segment includes the MINISO brand, which is engaged in the Design, buying and sale of lifestyle products, and the TOP TOY brand, which is engaged in the Design, buying and sale of pop toys. The company generates maximum revenue from the MINISO brand segment. Geographically, it derives a majority of its revenue from China.
<h3>Financial Insights: MINISO Group Holding</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining MINISO Group Holding's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 24.08% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Consumer Discretionary sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: MINISO Group Holding's net margin excels beyond industry benchmarks, reaching 14.56%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.26%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.84%, the company showcases effective utilization of assets.
Debt Management: MINISO Group Holding's debt-to-equity ratio is below the industry average at 0.2, reflecting a lower dependency on debt financing and a more conservative financial approach.
<a href="https://www.benzinga.com/quote/MNSO/earnings">To track all earnings releases for MINISO Group Holding visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

MNSO

A Peek at MINISO Group Holding's Future Earnings

Palantir Technologies Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) has experienced a remarkable rise, achieving a 298.37% year-to-date return as of Thursday morning. This surge has sparked interest in ETFs with significant exposure to Palantir.
According to&nbsp;<a href="https://pro.benzinga.com/">Benzinga Pro</a>, the&nbsp;Global X Defense Tech ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>) holds 7.82% of its portfolio in Palantir stock, amounting to&nbsp;$51.85 million across 1.24 million&nbsp;shares. SHLD, which combines Palantir&#8217;s defense and intelligence sector presence with other aerospace and defense players, has seen a 40.86% YTD return.
Meanwhile,&nbsp;ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>)&nbsp;has allocated nearly 5% of&nbsp;its portfolio to Palantir, with over $273 million invested in 6.53 million shares. Known for backing high-growth companies, ARKK boasts over $6 billion in assets under management and has achieved a 13.17% YTD return.
See Also:&nbsp;<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?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">MicroStrategy Shares Rise In Monday Pre-Market As Michael Saylor Reveals MSTR Generating $500M Daily Amid Bitcoin&#8217;s Surge (UPDATED)</a>
On the other hand, the&nbsp;REX AI Equity Premium Income&nbsp;ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIPI#NASDAQ">AIPI</a>) holds 9.46% exposure to Palantir, translating to a $9.24 million position. However,&nbsp;its YTD returns have declined&nbsp;by 0.61%. AIPI&#8217;s strategy involves selling out-of-the-money covered call options, which can generate income but may limit capital appreciation.
At the time of writing, Palantir&#8217;s stock was up by 0.23%. The three most recent analyst ratings for Palantir. were issued by BofA Securities, Wedbush, and Goldman Sachs on Nov. 25 and Nov, 7, with an average price target of $63.67 from these firms.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/PLTR/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28083739/Screenshot-2024-11-28-at-7.07.26%E2%80%AFPM-1024x390.png" alt="" class="wp-image-669123" /></a></figure>
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Flickr

Equities

ETFs

General

AIPI

ARKK

PLTR

SHLD

Palantir's YTD Returns Surge 298%: Here's How ETFs With Exposure To Alex Karp's Company Have Performed

Former NFL player&nbsp;Rob Gronkowski&nbsp;stated that his most successful investment to date was buying shares of&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) a decade ago.
What Happened: Gronkowski shared in an <a href="https://fortune.com/2024/11/26/rob-gronkowski-net-worth-apple-stock/">interview</a> with Fortune that his home builder advised him to invest in Apple back in 2014. 
&#8220;The guy actually who built my house in Foxborough, he told me, &#8216;Hey buy Apple stock. I&#8217;m telling you that&#8217;s where it&#8217;s at,&#8221; Gronkowski recalled.
Following this advice, Gronkowski directed his financial advisor&nbsp;to buy $69,000 worth of&nbsp;Apple shares.
At the time of Gronkowski&#8217;s investment, Apple was gearing up to launch the iPhone 6, which eventually became a massive success. The tech giant also debuted its first Apple Watch the following year. Since the iPhone 6&#8217;s launch on Sept. 9, 2014, Apple&#8217;s stock has skyrocketed by over 900%. Consequently, a $69,000 investment on that day would be worth around $740,000 today.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42197276/anthony-scaramucci-trump-win-is-the-greatest-political-comeback-in-us-history-crypto-surge-following-it-was-3-years-overdue?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci: Trump Win Is &#8216;The Greatest Political Comeback In US History,&#8217; Crypto Surge Following</a>
Gronkowski confessed that he had overlooked his Apple shares for about two-and-a-half years, only to find out they were valued at approximately $250,000. He sold a portion of the shares and kept the rest. 
&#8220;So I sell off the portion of the $69,000 I bought in and I have, now to this date, I have over $600,000 in Apple stock all because of the investment I made in 2014, having no idea what I was doing, but just listening to the guy that built my house here in New England so I appreciate that,&#8221; Gronkowski stated.
Gronkowski,&nbsp;a four-time Super Bowl champion, played for&nbsp;the New England Patriots and&nbsp;the Tampa Bay Buccaneers during his 11-season NFL career. He accumulated about $70 million during his tenure in the league.
Why It Matters: Apple is now <a href="https://www.benzinga.com/24/11/42209622/apple-faces-modest-growth-as-idc-forecasts-smartphone-market-rebound">facing modest growth</a> as the smartphone market rebounds, with global shipments expected to rise by 6.2% year-over-year in 2024. However, this growth is anticipated to slow down to low single-digit figures from 2025 onwards.
Tim Cook-led tech giant is facing new competition <a href="https://www.benzinga.com/news/global/24/11/42132104/huawei-to-launch-mate-70-smartphone-with-advanced-homegrown-chip-challenging-apple-in-china-amid-us-sanctions-report">from Huawei&#8217;s advances</a> in domestic chip technology, despite ongoing U.S. sanctions. The Chinese tech giant&#8217;s increasing market share in China, where consumer demand is rising, poses a potential threat to Apple&#8217;s position in the global smartphone market.
According to data from <a href="http://pro.benzinga.com">Benzinga Pro</a>, Apple has a consensus price target of $242.26, based on ratings from 31 analysts. The latest ratings were issued by Morgan Stanley, Maxim Group, and Barclays on Nov.25 and Nov. 1 (for both Maxim and Barclays). These three analysts have an average price target of $224, indicating a potential downside of -4.76% for the company based on their projections.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/AAPL/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28081027/Screenshot-2024-11-28-at-6.40.21%E2%80%AFPM-1024x372.png" alt="" class="wp-image-669096" /></a></figure>
Price Action:&nbsp;Apple stock closed flat on Wednesday at $234.93 apiece. Banks, post offices, shipping services, stock markets and all the other over-the-counter markets like bond markets <a href="https://www.benzinga.com/markets/equities/24/11/42229997/is-stock-market-open-today-a-quick-guide-to-markets-banking-hours-and-whats-closed-on-thanksgiving-day-2024">will be closed on Thursday for Thanksgiving</a>.
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Image via Shutterstock

AAPL

NFL Star Rob Gronkowski Shares How 'Listening To The Guy That Built My House' Turned $69K Into A $740K Apple Stock Jackpot

For many Americans across the country, today (Thursday) means meals with families to <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/23/11/35930411/is-the-stock-market-closed-on-thanksgiving-traders-prepare-for-a-holiday-break" target="_blank" rel="noreferrer noopener">celebrate the Thanksgiving holiday</a>.
One topic of conversation that has likely come up in recent years at holiday family gatherings is cryptocurrency. Here&#8217;s a look at how crypto has performed since last year&#8217;s Thanksgiving.
What Happened:&nbsp;The Thanksgiving Day holiday for many includes traditions such as family, food <a href="https://www.benzinga.com/general/sports/24/11/42226470/heres-why-the-detroit-lions-dallas-cowboys-always-have-thanksgiving-day-nfl-games">and football</a>. Dinner conversations could center on school, work, politics and potentially investments like stocks&nbsp;<a href="https://www.benzinga.com/money/crypto" target="_blank" rel="noreferrer noopener">and cryptocurrencies.</a>
The cryptocurrency markets were riding high in November 2021 when Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) hit then all-time highs and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) was also up significantly from the start of the year.
Family members discussing cryptocurrency that year were likely either supporting a further move up or questioning if investments in crypto were risky.
Family members who tried to talk their relatives into buying cryptocurrencies that year have likely received some questions from relatives in the past year or so with the sector facing high volatility and items such as cryptocurrency bankruptcies sending the price of major cryptocurrencies down in 2022.
As&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/22/11/29846094/so-you-told-your-family-to-invest-in-bitcoin-dogecoin-and-ethereum-at-thanksgiving-last-ye" target="_blank" rel="noreferrer noopener">Benzinga previously shared</a>, investing in Bitcoin, Dogecoin and Ethereum on Thanksgiving Day 2021 would have been down 72.3%, 64.6% and 72.5%, respectively a year later.
A $3,000 investment split between the three leading cryptocurrencies would have been down 69.8% to $905.69 from Thanksgiving 2021 to Thanksgiving 2022.
Family members who were convinced to buy cryptocurrency on Thanksgiving Day 2022 or Thanksgiving Day 2023 might have a more favorable attitude towards their crypto friendly relatives.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42224605/10-insights-about-the-us-economy-for-thanksgiving-dinner-talk">10 Insights About The US Economy For Thanksgiving Dinner Talk</a>
Investing $1,000 in BTC, DOGE, ETH: If a relative did end up convinced and decided to invest in cryptocurrency for the first time on Thanksgiving Day 2023, they have been blessed with a good entry point.
Here's a look at how investments would have fared over the last nearly one-year period, investing $1,000 in each of Bitcoin, Dogecoin and Ethereum.
A $1,000 investment in Bitcoin on Thanksgiving 2023 could have purchased 0.0266 BTC. The investment would be worth $2,563.18 today based on a price of $96,360.02 at the time of writing. The investment would be up 156.3% since the holiday last year.
A $1,000 investment in Dogecoin on Thanksgiving 2023 could have purchased 13,097.92 DOGE. The investment would be worth $5,261.43 today based on a price of $0.4017 at the time of writing. The investment would be up 426.1% since the holiday last year.
A $1,000 investment in Ethereum on Thanksgiving 2023 could have purchased 0.4789 ETH. The investment would be worth $1,742.85 today based on a price of $3,639.28 at the time of writing. The investment would be up 74.3% since the holiday last year.
In total, a $3,000 investment in the three well-known and discussed cryptocurrencies would be worth $9,567.46 today, up 218.9%
For comparison a $1,000 investment in the&nbsp;SPDR S&amp;P 500 ETF Trust,&nbsp;which tracks the S&amp;P 500 stock market index, would be worth $1,311.44 and up 31.1% from Thanksgiving 2023 to Thanksgiving 2024.
The returns from 2023 to now outpaced the gains from both 2021 to 2022 and 2022 to 2023.
Last year, Benzinga shared that the returns of Bitcoin, Dogecoin and Ethereum from Thanksgiving 2022 to Thanksgiving 2023 would have been up 123.3%, down 9.2% and up 70.5% respectively. The $3,000 investment from Thanksgiving 2022 to Thanksgiving 2023 would have been worth $4,846.24 and up 61.5%.
The huge returns over the last year could have crypto investors smiling plenty at the Thanksgiving Day dinner table Thursday.
Read Next: 
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<li><a href="https://www.benzinga.com/general/education/24/11/42125880/if-you-bought-1-worth-of-bitcoin-at-launch-heres-how-much-youd-have-today-2">If You Bought $1 Worth Of Bitcoin At Launch, Here&#8217;s How Much You&#8217;d Have Today</a></li>
</ul>
This article was previously published by Benzinga and has been updated.

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

Cryptocurrency

Education

$BTC

$DOGE

$ETH

So You Told Your Family To Invest In Bitcoin, Dogecoin, Ethereum At Thanksgiving Last Year? Here's How Much They Now Have (And Why You Might Be Invited Back To The Adult Table)

In the current market session, Greenbrier Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBX#NYSE">GBX</a>) stock price is at $68.10, after a 0.09% decrease. However, over the past month, the company's stock increased by 14.90%, and in the past year, by 74.17%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1732800613_0.png" alt="Past Year Chart" />

<h3>Evaluating Greenbrier Companies P/E in Comparison to Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Greenbrier Companies has a lower P/E than the aggregate P/E of 15.97 of the Machinery industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1732800613_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Price Over Earnings Overview: Greenbrier Companies

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">45.100</td>
<td align="right">0.200</td>
<td align="right">0.44</td>
<td>6.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">221.820</td>
<td align="right">0.690</td>
<td align="right">0.31</td>
<td>32.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">83.100</td>
<td align="right">0.200</td>
<td align="right">0.24</td>
<td>11.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">51.280</td>
<td align="right">0.120</td>
<td align="right">0.23</td>
<td>45.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">82.791</td>
<td align="right">0.161</td>
<td align="right">0.19</td>
<td>739</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">95.310</td>
<td align="right">0.090</td>
<td align="right">0.09</td>
<td>10.5K</td>
</tr>
</tbody>
</table>
No loser in today's Pre-market session. 
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alerts can help traders understand macro-level market trends. Traders often look for sector movers to provide high-level analysis on which sectors are over- or under-performing to make better investing decisions on exchange traded funds (ETFs) or individual tickers in those sectors. 
For more information on sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Sector ETFs

Pre-Market Outlook

Movers

XLRE

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For November 28, 2024

The New York Stock Exchange (NYSE) and the bond market will <a href="https://www.nyse.com/markets/hours-calendars#nyse">be closed</a> on Thursday, Nov. 28 for Thanksgiving. Markets will re-open at 9:30 am ET for regular trading on Black Friday, but the stock market will close early at 1 p.m. ET and the bond market will <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42224605/10-insights-about-the-us-economy-for-thanksgiving-dinner-talk">lose at 2 p.m. ET</a>.
What To Know: Historically, markets perform well on Black Friday, with the S&amp;P 500 closing higher 69% of the time since 1960, according to data from Macrotrends. Investors looking to invest in the broader market can look to the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which tracks the S&amp;P 500 index.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/retail-sales/24/11/42170721/thanksgiving-dinner-gobbles-up-19-more-cash-this-year-many-holiday-hosts-already-regret-their-decision">Thanksgiving Dinner Gobbles Up 19% More Cash This Year, Many Holiday Hosts &#8216;Already Regret Their Decision&#8217;</a>
The retail sector often outperforms the broader market around Black Friday. Investors can focus on retail sector ETFs like the SPDR S&amp;P Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XRT#NYSE">XRT</a>) or individual retailer's stocks like Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) or Walmart, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) to capture the momentum created by one of the busiest shopping days of the year.&nbsp;
Upcoming Market Holidays:&nbsp;
<ul>
<li>Nov. 28, 2024 &#8211; Thanksgiving Day, markets closed.&nbsp;&nbsp;</li>
<li>Nov. 29, 2024 &#8211; Black Friday, stock market closes at 1 p.m. ET, bond market closes at 2 p.m. ET.&nbsp;</li>
<li>Dec. 24, 2024 &#8211; Christmas Eve, stock market closes at 1 p.m. ET, bond market closes at 2 p.m. ET.</li>
<li>Dec. 25, 2024 &#8211; Christmas Day, markets closed.&nbsp;</li>
<li>Dec. 31, 2024 &#8211; New Year's Eve,&nbsp; stock market regular hours, bond market closes at 2 p.m. ET.</li>
<li>Jan. 1, 2025 &#8211; New Year's Day, markets closed.&nbsp;</li>
</ul>
Read More: <a href="https://www.benzinga.com/news/retail-sales/24/11/42225933/black-friday-cyber-monday-shopping-set-to-break-sales-records">Black Friday, Cyber Monday Shopping Set To Break Sales Records</a>
Image: Reto Keller from Pixabay

Bonds

AMZN

Is The Stock Market Open On Thanksgiving?

Shares of Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) have fallen by 11.36% since the U.S. presidential elections. Technical analysis using simple moving averages suggests that the stock price is neither increasing nor decreasing but oscillating within a defined range.
Stock Movement
After the shares zoomed post-election it has now fallen below the pre-election level. The Donald Trump-owned company shares are down 39% in the last six months and 36% in the last month.
However, it has outperformed the Nasdaq Composite and Nasdaq 100 and has risen by 74.44% year-to-date, whereas the two indices rose by 29% and 25% respectively, in the same period.
As of Wednesday&#8217;s close, the shares were down 0.23% at $30.44 apiece, which fell further by 0.06% to $30.42 per share during the after-hours. The share price remains 161% below its 52-week high of $79.44 apiece and 35% above its 52-week low of $22.55 per share.
Also read: <a href="https://www.benzinga.com/markets/equities/24/11/42231266/gop-megadonor-ken-griffin-slashes-citadels-palantir-stake-by-91-bets-big-on-nvidia-as-jensen-huang-led-company-rises-over-180-in-2024">GOP Megadonor Ken Griffin Slashes Citadel&#8217;s Palantir Stake By 91%, Bets Big On Nvidia As Jensen Huang-Led Company Rises Over 180% In 2024</a>
Technical Analysis
From a technical perspective, the analysis of daily moving averages indicates a potential period of consolidation.
<a href="https://pro.benzinga.com/dashboard">According to Benzinga pro data</a>, Wednesday's after-hour price of $30.42 per share is just below its 200-day simple moving average of $30.45 apiece. On the other hand, the share price is just slightly above its 20-day simple moving average of $30.38 per share. The stock&#8217;s eight and 50-day averages are the same at $30.39 apiece, signaling indecisiveness.
The relative strength index at 55.56 level also indicates a neutral stance, representing neither overbought nor oversold conditions.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-1024x576.png" alt="" class="wp-image-669060" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28072118/DJT-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
DJT Options Activity
<a href="https://www.benzinga.com/premium/ideas/getting-started-with-benzinga-options/">Benzinga&#8217;s analysis of options</a> history for Trump Media revealed <a href="https://www.benzinga.com/insights/options/24/11/42196584/trump-media-technology-unusual-options-activity">17 unusual trades</a>. Out of all the trades spotted, seven were puts, with a value of $836,390, and 10 were calls, valued at $601,794.
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $100.0 for Trump Media &amp; Technology over the recent three months.
Trump holds a 57% stake in Trump Media &amp; Technology Group. Trump Media operates a social media firm Truth Social. The company, via its social media platform, appears to be wading into the <a href="https://www.benzinga.com/general/social-media/24/11/42124007/trump-media-trademark-filing-for-truthfi-hints-at-potential-digital-wallets-asset-trading">crypto payments business</a> as it filed a trademark application with the U.S. Patent and Trademark Office for the name "TRUTHFI."
<ul>
<li>Read next: <a href="https://www.benzinga.com/insights/options/24/11/42196584/trump-media-technology-unusual-options-activity">Europe&#8217;s Top Central Banker Says &#8216;Not To Retaliate, But To Negotiate&#8217; To Avoid Trump Trade War</a></li>
</ul>
Image via Wikimedia Commons

Trump Media (DJT) Shares Fall Over 11% Post-Election, Oscillates Around Key Moving Averages: Technical Indicators Point Toward Period Of Consolidation

Jersey Mike&#8217;s founder, Peter Cancro, who <a href="https://www.benzinga.com/markets/24/11/42167861/blackstone-takes-a-bite-out-of-jersey-mikes-with-8-billion-investment">just secured an $8 billion deal with private equity giant Blackstone</a>, has built an impressive real estate portfolio alongside his sandwich empire. The transaction, which maintains Cancro&#8217;s leadership role while selling a majority stake to Blackstone, has catapulted him to 388th place on <a href="https://www.benzinga.com/tech/24/11/41843591/jeff-bezos-net-worth-soars-to-record-228b-closing-in-on-elon-musks-top-spot-as-amazon-stock-rises-after-trump-wins-white-house">Bloomberg&#8217;s Billionaire Index</a> with an estimated net worth of $7.55 billion.
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<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
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Cancro&#8217;s property holdings show his transition from a Jersey Shore entrepreneur to a Manhattan power player. According to Realtor.com, in 2014, he and his wife Tatiana purchased a four-unit condominium in Manhattan&#8217;s Lenox Hill neighborhood for $15.68 million. The residence, located in the landmark Marquand building steps from Central Park, has a private elevator, wood-burning fireplace and sprawling primary suite within its Beaux-Arts Revival architecture.
While maintaining deep ties to his New Jersey roots, Cancro has established a presence in Florida&#8217;s luxury real estate market. Property records show multiple units in a prestigious Bal Harbour building, including two two-bedroom apartments and a larger three-bedroom residence spanning 3,128 square feet.&nbsp;
See Also: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy. The beachfront properties offer access to St. Regis Hotel amenities, including 24-hour room service, housekeeping and private pool facilities, Realtor said.
At age 14, Cancro began working at Mike&#8217;s Subs in Point Pleasant, New Jersey. Three years later, with a $125,000 loan from his football coach, he purchased the store – despite being too young to legally operate the meat slicer.
That original location, which Cancro still personally owns along with another Point Pleasant store, grew into a franchise empire of approximately 3,000 locations, generating over $3 billion in annual revenue, according to a report issued by Business Insider. The Blackstone deal includes provisions for further expansion to 4,000 stores, with an earnout agreement tied to this growth target.
Trending: Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a>
Now ranking ahead of Netflix&#8217;s Reed Hastings on the Bloomberg Billionaire Index and approaching Mark Cuban&#8217;s $7.9 billion net worth, Cancro&#8217;s real estate investments mirror the explosive growth of his sandwich business. According to company statements, the deal promises to accelerate Jersey Mike&#8217;s expansion &#8220;across and beyond the U.S. market&#8221; while investing in technology and digital transformation.
&#8220;We believe we are still in the early innings of Jersey Mike&#8217;s growth story,&#8221; Cancro said following the Blackstone announcement, suggesting his property portfolio might continue expanding alongside his sandwich empire.
Read Next:
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<li>Unlock the hidden potential of commercial real estate —<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a></li>
<li>This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things. </a></li>
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Real Estate

$8 Billion Deal, Luxe Apartments and A Central Park Condo: The Property Portfolio Of Jersey Mike's Founder

Polymarket traders are split on Dogecoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) trajectory as Inauguration Day approaches, with a 41% chance for DOGE to hit the 69 cents <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42169183/dont-get-fooled-by-the-success-of-dogecoin-shiba-inu-76-of-x-twitter-influencers-promote-dead-meme-coins-study-reveals">milestone by Jan. 20 next year</a>.
This <a href="https://polymarket.com/event/will-doge-hit-69-by-inauguration-day">represents</a> a slight dip in confidence from the 53% chance on Nov.23.
With over $40,000 in trading volume on the market, the debate reflects mixed sentiment on Dogecoin's near-term prospects.
Dogecoin has surged 175% in the past month, with its market capitalization rising to $57.8 billion, overtaking luxury automaker Porsche's valuation of $56.1 billion. 
Over the past year, Dogecoin has outperformed the car maker, rising 395%, while Porsche's market cap has dropped more than 34% due to weakening performance.
The rise has been fueled by a combination of retail enthusiasm, institutional adoption and high-profile endorsements.
Elon Musk's influence has been a significant factor in Dogecoin's resurgence. 
His <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42152684/musk-tweet-sparks-dogecoin-surge-fuels-speculation-on-x-payments">continued social media endorsements</a> and his involvement in creating the Department of Government Efficiency (DOGE), a federal agency focused on reducing government spending, have stoked investor enthusiasm.
The <a href="https://www.benzinga.com/news/24/11/42157649/trumps-doge-co-lead-elon-musk-slams-lockheed-martins-f-35-fighter-jets-advocates-drone-warfare-as-pentagon-defends-1-8-trillion-program">agency's acronym</a>, which coincidentally matches Dogecoin's ticker symbol, has been seen by some retail investors as a bullish signal for the token's future.
Musk's indirect backing has amplified Dogecoin's popularity among retail and institutional investors alike.
&#8220;Global enthusiasm for Dogecoin has reached unprecedented levels,&#8221; said a market analyst. &#8220;It's clear that Musk's influence remains a critical driver.&#8221;
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42221726/crypto-dad-chris-giancarlo-advocates-for-passing-crypto-regulation-from-the-sec-to-another-commission-heres-why">&#8216;Crypto Dad&#8217; Chris Giancarlo Advocates For Passing Crypto Regulation From The SEC To Another Commission — Here&#8217;s Why</a>
Why It Matters: Institutional backing for Dogecoin has also increased with the launch of the first DOGE-based exchange-traded product (ETP) by Valour, a subsidiary of DeFi Technologies, on November 26.
The <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198180/dogecoin-gets-its-first-exchange-traded-product-in-sweden">DOGE ETP</a> provides institutional investors a new way to gain exposure to the cryptocurrency, adding legitimacy to an asset once dismissed as a mere meme.
Despite its strong performance, Polymarket bettors reflect skepticism, with 59% doubting the token's ability to hit 69¢ by Inauguration Day. 
Additionally, the Market Value to Realized Value (MVRV) ratio for Dogecoin, which measures the current market valuation against the average acquisition cost, suggests potential overvaluation. 
A high MVRV ratio often precedes a price correction, adding another layer of uncertainty <a href="https://www.benzinga.com/money/dogecoin-doge-price-prediction">to Dogecoin's outlook</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42221293/donald-trump-eyes-former-sec-comissioner-paul-atkins-as-gary-genslers-successor">Donald Trump Eyes Former SEC Comissioner Paul Atkins As Gary Gensler&#8217;s Successor</a></li>
</ul>
Image: Shutterstock

Dogecoin To Hit 69 Cents By Inauguration Day? Polymarket Traders Are Not Convinced

Christine Lagarde, the European Central Bank chief, has called on European leaders to engage in negotiations with Donald Trump to avoid a trade war. Lagarde emphasized the importance of cooperation over retaliation in response to Trump&#8217;s proposed tariffs.
What Happened: In her first interview since Trump&#8217;s re-election, Lagarde warned that a trade war could severely impact global economic growth. She stated that Europe should adopt a &#8220;cheque-book strategy&#8221; by purchasing more U.S. goods, such as liquefied natural gas and defense equipment, to mitigate potential conflicts, the Financial Times <a href="https://www.ft.com/content/24d5d526-b970-4e53-a262-9a678319ce23">reported</a> on Thursday.
Lagarde expressed concern over Trump&#8217;s threats of imposing up to 20% tariffs on non-Chinese imports, highlighting the risk to the EU&#8217;s trade surplus with the U.S. She argued EU needs "not to retaliate, but to negotiate" and that a retaliatory approach could lead to a detrimental tit-for-tat scenario.
See Also: <a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a>
The European Commission is currently evaluating its response options, which may include increasing U.S. export purchases and aligning more closely with U.S. trade policies. Lagarde&#8217;s comments reflect a shift in strategy, urging Europe to transform perceived threats into challenges that require proactive responses.
Why It Matters: The call for negotiation comes amid heightened tensions <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">following Trump&#8217;s announcement</a> of imposing a 25% tariff on imports from Canada and Mexico, citing border security concerns. This move has <a href="https://www.benzinga.com/24/11/42225506/canada-prepares-retaliatory-tariffs-as-trumps-threat-looms-analysts-warn-of-further-loonie-weakness">already prompted Canada</a> to consider retaliatory tariffs on U.S. goods. The potential for a trade war is further complicated by Trump&#8217;s additional tariff threats on Chinese imports, which he claims are necessary to address drug trafficking issues.
Moreover, companies like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) are already reassessing their operations in Mexico due to the<a href="https://www.benzinga.com/24/11/42216863/nvidia-intel-suppliers-rethink-mexico-operations-amid-trumps-tariff-threat"> looming tariff threats</a>. These developments underscore the potential widespread economic impact of Trump&#8217;s trade policies, making Lagarde&#8217;s call for negotiation a critical step in preventing further economic disruption.
Read Next: 
<ul>
<li><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?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Tumble As &#8216;Diamond Hands&#8217; Lock In Gains: Top Analyst Anticipates BTC Rebound</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.
Image via Flickr

INTC

NVDA

Europe's Top Central Banker Says 'Not To Retaliate, But To Negotiate' To Avoid Trump Trade War

James Howells might go down in history books as one of the unluckiest people ever, having discarded hundreds of millions of dollars in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) accidentally.
But a new twist in this decade-old bizarre saga revealed that it was not him but his ex-girlfriend who unintentionally threw the fortune away. 
What Happened: Halfina Eddy-Evans <a href="https://www.dailymail.co.uk/news/article-14117759/threw-away-569million-Bitcoin-fortune-council-tip.html">confessed</a> during&nbsp;a Monday interview with the Daily&nbsp;Mail&nbsp;that she threw away the&nbsp;hard drive containing 8,000 Bitcoin&nbsp;at the request of Howells. She was adamant that the loss was not her fault, as she did so at Howells&#8217; request.
Halfina said Howells &#8220;begged&#8221; her to dispose of some &#8220;unwanted belongings,&#8221; in a black sack, which, unknown to her, included the hard drive.
&#8220;I thought he should be running his errands, not me, but I did it to help out,&#8221; Howells said.
Halfina said that the blame for losing Bitcoins shouldn&#8217;t be fixed on her, though she hoped Howells would succeed in retrieving the drive. 
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">Crypto Analyst Flags Convertible Debt-Induced Liquidation Risk To Michael Saylor&#8217;s MicroStrategy</a>
Why It Matters: This revelation added a new layer to the unfortunate story of Howells, who has been waging a long battle to recover his fortune. 
A Wales-based software engineer, Howells, <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla">sued the Newport City Council </a>for approximately $647 million in damages for repeatedly denying his request to excavate the landfill site housing the discarded hard drive.
He has even assembled a team of specialists to excavate at no cost to the council and proposed giving the council 10% of the recovered coins' value.
The 8,000 Bitcoins would be worth $797 million at the all-time high price of 99,645 recorded recently and $765.9 million at the current market price of $95.736.86.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42229486/joe-rogan-hasnt-sold-his-bitcoins-for-over-a-decade-conviction-based-hodling-or-private-key-loss">Joe Rogan&#8217;s Bitcoin Pile Has Grown Over 30000% In Value, But He Hasn&#8217;t Sold: Conviction-Based HODLing Or Has The Podcast King Lost His Keys?</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.
Image generated using Dall-E<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a>

Remember James Howells Who Lost His Hard Drive With 8,000 Bitcoins Now Worth $760M? His Ex-Girlfriend Reveals It Was She Who Threw It Away

Billionaire entrepreneur and &#8220;Shark Tank&#8221; host Mark Cuban has offered his services to Elon Musk and Vivek Ramaswamy&#8217;s <a href="https://www.benzinga.com/topic/department-of-government-efficiency">Department of Government Efficiency (DOGE)</a> in a bid to cut federal healthcare costs.
What Happened: On Wednesday, Cuban responded to a user on X, formerly Twitter, who asked if his company, Cost Plus Drugs, could be integrated into government healthcare programs to help cut costs.
In response to the user, Cuban said "Both know how to reach me," referring to Musk and Ramaswamy.
The user's request was about DOGE, an agency led by Musk and Ramaswamy, which aims to drive cost-saving reforms within the federal bureaucracy.
Musk and Ramaswamy, through DOGE, are focused on achieving large-scale reforms within government agencies
See Also: <a href="https://www.benzinga.com/personal-finance/24/11/42193386/mark-cuban-shared-600-a-month-dallas-apartment-with-5-guys-and-slept-on-the-living-room-floor-i-had-nothing-so-i-had-nothing-to-lose">Mark Cuban Shared $600 A Month Dallas Apartment With 5 Guys And Slept On The Living Room Floor</a>
<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">Both know how to reach me. <a href="https://t.co/Jl9gYpZAYs">https://t.co/Jl9gYpZAYs</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1861524965750661386?ref_src=twsrc%5Etfw">November 26, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: With healthcare costs continuing to rise, especially prescription drug prices, there is growing interest in alternatives to the traditional pharmaceutical distribution system.
Cuban's pharma company, launched in 2022, was founded to reduce the cost of prescription drugs by <a href="https://www.benzinga.com/news/23/02/30672271/mark-cuban-aims-to-disrupt-a-365-billion-industry-with-the-only-startup-that-bears-his-name">cutting out intermediaries</a> in the pharmaceutical supply chain. 
The company's transparent pricing model provides consumers with generic medications at a much lower cost than traditional methods.
If DOGE partners with Cuban's company, it could potentially bring these cost-saving measures to federal healthcare programs, such as Medicare and Medicaid.
Last year in June, a social media user questioned Cuban why his company, Cost Plus Drugs, doesn't offer Ivermectin, citing a stark price disparity between Africa and the U.S. 
At the time, Musk chimed in saying, "Good question," to which Cuban responded, explaining that his company couldn't secure a competitive price for Ivermectin but offered Hydroxychloroquine as an alternative.
He also <a href="https://www.benzinga.com/news/23/12/36231355/mark-cubans-cost-plus-drugs-gets-medication-elon-musk-asked-about-6-months-ago-still-ready-to-save-t">suggested Musk explore Cost Plus Drugs</a> to save his employees and companies significant money.
Six months later, Cuban updated Musk, announcing that Ivermectin was now available on Cost Plus Drugs, reiterating the potential savings for Tesla Inc., SpaceX, and X employees, and inviting Musk's team to reach out for collaboration.
For anyone hoping to invest in a <a href="https://www.benzinga.com/news/24/01/36836747/mark-cuban-talks-elon-musk-dei-health-care-investments-buying-twitter-and-more-in-an-x-ama">future IPO of Cost Plus Drug Company</a>, Cuban earlier this year stated that it's &#8220;Not going to happen. Maximizing profits is not our goal.&#8221;
According <a href="https://www.fortunebusinessinsights.com/prescription-drugs-market-102709">to</a> Fortune Business Insights, in 2023, the global prescription drug market&#8217;s value reached approximately $1,162.61 billion, with North America contributing a significant share, estimated at $576.35 billion.
The iShares U.S. Healthcare Providers ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHF#NYSE">IHF</a>) ended Wednesday&#8217;s session up by 0.24% at $54.40. Year-to-date, it has gained 1.8%, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/42169194/joby-gets-toyotas-500m-dollar-lift-evtol-pioneer-making-new-highs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Joby Gets Toyota's $500M Dollar Lift: eVTOL Pioneer Making New Highs</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.
Photos courtesy: Shutterstock

Health Care

Politics

iShares Dow Jones US Health Care Provides Index Fund

Will Mark Cuban Join Rivals Elon Musk, Vivek Ramaswamy's DOGE? 'Shark Tank' Host Says 'Both Know How To Reach Me'

Sandwiched between the Halloween and the Christmas festivities, the Thanksgiving holiday is another special day for Americans that draws families and communities together.
Thanksgiving is celebrated on the fourth Thursday of November. This year, it falls on Nov. 28.
However, away from the festivities and food, the cryptocurrency community was hit hard four years ago to the day, in what has become infamously known as the &#8220;Thanksgiving Day Massacre.&#8221;&nbsp;&nbsp;
What happened: Back in 2020, the Thanksgiving holiday fell on Nov. 26.
Between Tuesday, Nov. 24, and Thursday, Nov. 27, 2020, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world's leading cryptocurrency, fell from about $19,500 to $16,200, marking a dip of almost 17%.
The plunge impacted cryptocurrency portfolios and dampened the festive mood to a great degree.
However, if you were a bold dip buyer and took advantage of the decline to bag Bitcoins at a discount, you would have been smiling four years later.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42228464/ethereum-rally-gets-overshadowed-by-searing-gains-in-cheaper-plays-why-are-ens-and-etc-soaring-today">Ethereum Rally Gets Overshadowed By Searing Gains In Cheaper Plays: Why Are ENS And ETC Soaring Today?</a>
An investment of $1000 when BTC was trading at $16,200 would have fetched you 0.0617 units of the cryptocurrency.
This Thanksgiving, the price of one Bitcoin has leaped to $95,736.86. Accordingly, your Bitcoin stash would have been worth $5909.68, marking a gain of 490%, or nearly a sixfold increase.
Why It Matters: Interestingly, leading up to the holiday, Bitcoin had a steep drop from nearly $100,000 to $91,500, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42214467/bitcoins-2020-thanksgiving-massacre-to-repeat-or-is-the-holiday-a-turning-point-for-new-highs">fueling concerns about a repetition</a> of the 2020 episode.
However, the corrective action lost steam, and Bitcoin <a href="https://www.benzinga.com/24/11/42228090/bitcoin-ethereum-dogecoin-surge-as-traders-raise-risk-appetite-ahead-of-thanksgiving-analyst-says-eth-could-jump-to-highs-not-seen-since-late-2021">surged back to the $95,000-$96,000</a> zone just a day ahead of Thanksgiving.
Price Action: At the time of writing, Bitcoin was trading at &nbsp;$95,736.86, up 2.65% 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>.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/11/42228264/crypto-analyst-flags-convertible-debt-induced-liquidation-risk-to-michael-saylors-microstrategy">Crypto Analyst Flags Convertible Debt-Induced Liquidation Risk To Michael Saylor&#8217;s MicroStrategy</a></li>
</ul>
Photo courtesy: Pixabay

If You Bought The Bitcoin Dip By Investing $1000 During 'Thanksgiving Day Massacre,' Here's How Much You'd Have Today

Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), and Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) are ramping up their production of electronic components in China. This comes as they prepare for <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">potential tariff hikes on Chinese imports</a> as President-elect Donald Trump is set to return to the White House in January.
What Happened: These tech giants are accelerating their production efforts in China.&nbsp;Microsoft&nbsp;is pushing suppliers to boost output&nbsp;for its cloud server infrastructure&nbsp;while moving Xbox console assembly out of China. The company also plans to produce as many&nbsp;Surface laptops as possible outside&nbsp;China by the end of&nbsp;next year, Nikkei Asia&nbsp;<a href="https://asia.nikkei.com/Spotlight/Supply-Chain/Microsoft-HP-and-Dell-ramp-up-China-parts-output-before-Trump-s-return">reported</a> on Thursday.
Meanwhile,&nbsp;HP&nbsp;and&nbsp;Dell&nbsp;are urging suppliers to increase parts production this month and next, revisiting their procurement strategies for 2025 to lessen dependency on Chinese-made components. The increased output aims to enhance production in regions not affected by U.S. tariffs, such as Southeast Asia. Suppliers are expanding production capacity and establishing warehouses in Thailand to support&nbsp;HP&#8217;s needs.
Dell&nbsp;is also considering production options outside Vietnam to mitigate geopolitical risks. The tech supply chain is preparing for disruptions, with companies like&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;increasing iPhone production in India.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42156817/tesla-rivian-settle-battery-tech-theft-dispute-after-nearly-4-years?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla, Rivian Signal End To 4-Year Legal Battle Over Alleged Trade Secrets Theft</a>
Why It Matters: The decision by these tech companies to ramp up production in China comes amid rising fears of a renewed trade war between the U.S. and China. Recently, President-elect Trump named&nbsp;Jamieson Greer, known for his <a href="https://www.benzinga.com/24/11/42219544/trump-names-china-hawk-jamieson-greer-as-pick-for-trade-representative">tough stance on China,</a> as his pick for U.S. Trade Representative. 
Furthermore, China&#8217;s state media <a href="https://www.benzinga.com/news/global/24/11/42230125/chinas-state-media-commends-apple-tesla-starbucks-for-collaboration-amid-renewed-trade-war-tensions">praised American companies</a> like Apple, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) for their collaboration with Chinese partners, urging U.S. policymakers to consider the willingness of American businesses to engage in economic cooperation.
This praise coincides with Trump&#8217;s announcement of a <a href="https://www.benzinga.com/government/regulations/24/11/42213610/hasbro-best-buy-brace-as-trumps-tariffs-loom-could-retail-margins-hit-rock-bottom">10% tariff on Chinese goods</a>, aimed at addressing the opioid crisis in the U.S., highlighting the complex dynamics at play in U.S.-China trade relations.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/11/42206614/polygons-pol-token-outshines-bitcoin-ethereum-in-30-day-gains-top-analyst-anticipates-no-major-selling-pressure-in-days-ahead?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Crypto&#8217;s Next Mega-Rocket? Analyst Forecasts Insane 2725%-6600% Surge For This Coin</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Global

DELL

MSFT

SBUX

TSLA

Microsoft, HP, Dell Race To Ramp Up Production In China As Trump's Tariff Threat Looms Ahead Of His White House Return

Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has begun offering lease buyouts for all its vehicle models, marking a shift from its previous strategy of retaining vehicles for <a href="https://www.benzinga.com/24/11/42159490/elon-musks-tesla-hunts-top-talent-to-develop-software-for-robotaxi-optimus-robot-teleoperation-2">a robotaxi fleet</a>.
What Happened: The lease buyout option is available for vehicles like the&nbsp;Cybertruck, Model S, Model 3,&nbsp;Model X, and Model Y, with a $350 purchase fee, excluding Iowa and Louisiana.
Previously,&nbsp;Tesla&nbsp;had stopped lease buyouts, intending to use the vehicles in a self-driving taxi service. This decision aligned with its ambitious plans for autonomous driving, which have yet to fully materialize.
The company had envisioned its cars as appreciating assets through their use as robotaxis.
Despite these plans,&nbsp;Tesla&nbsp;has faced challenges in achieving full self-driving capabilities. The introduction of the lease buyout option suggests a possible revaluation of its autonomous vehicle goals.
This move comes as&nbsp;<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-500k-q4-delivery-target">Tesla&nbsp;aims to boost sales</a>, having recently implemented various incentives to counter a slow sales start in 2024.
See Also: <a href="https://www.benzinga.com/tech/24/11/42230503/tesla-cybercab-spotted-testing-in-giga-texas-facility">Tesla Cybercab Spotted Testing In Giga Texas Facility</a>
Why It Matters: Tesla&#8217;s introduction of lease buyouts comes amid a series of developments in its autonomous vehicle strategy.
In April,&nbsp;CEO Elon Musk&nbsp;hinted at a <a href="https://www.benzinga.com/news/24/04/38396288/teslas-robotaxi-to-be-called-cybercab-elon-musk-says-self-driving-fleet-will-be-like-combination-of">unique ownership model for Tesla&#8217;s robotaxi fleet</a>, which he described as a blend of Airbnb and Uber, with the potential name &#8220;Cybercab&#8221;&nbsp;reported&nbsp;during a first-quarter earnings call.
Later, in September, Musk asserted that traditional buses would become obsolete once Tesla&#8217;s robotaxis, equipped with full self-driving capabilities, were operational. He <a href="https://www.benzinga.com/markets/equities/24/09/40979752/elon-musk-says-buses-wont-be-needed-once-tesla-robotaxis-start-operating-will-take-people-point-">emphasized that these robotaxis</a> would offer point-to-point transportation at costs comparable to bus tickets&nbsp;according to&nbsp;his statements on social media.
In October,&nbsp;Tesla&nbsp;<a href="https://www.benzinga.com/news/24/10/41284847/tesla-reveals-two-seater-cybercab-that-drives-itself">unveiled the two-seater Cybercab</a>, a dedicated robotaxi product, at an event in Los Angeles. The vehicle, expected to be priced under $30,000, was showcased with its self-driving capabilities.
Price Action: Tesla stock closed at $332.89 on Wednesday, down 1.6% for the day, but increased slightly by 0.5% in after-hours trading. Year to date, Tesla's stock has gained 34%, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Analysts remain divided on the Tesla stock's prospects, with the consensus rating being "Neutral." The highest price target is $400, while the consensus price target is 232.20, implying a 30% downside.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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<li><a href="https://www.benzinga.com/24/11/42185887/astrophysicist-neil-degrasse-tyson-dismisses-musks-vision-to-build-self-sustaining-city-on-mars?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Astrophysicist Neil deGrasse Tyson Dismisses Elon Musk&#8217;s Mars Vision: SpaceX CEO Hits Back, Says &#8216;They Really Don't Get It'</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: Tesla

Tesla Offers Lease Buyout Option For All Models, Including Cybertruck, Despite Elon Musk's Robotaxi Ambitions: Is Autonomous Driving Further Away?

GOP Megadonor Ken Griffin&#8216;s fund Citadel Advisors LLC made a major shift within the AI-linked investment universe by slashing its stake in Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) and more than tripling its stake in Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), as per its third quarter 13F filings with the SEC.
Citadel Cuts Stake In Palantir
Having been on both the NYSE and Nasdaq exchanges this year, Palantir&#8217;s shares have risen by 298.37% year-to-date. This compares to 20% and 25% moves in the NYSE Composite and Nasdaq 100 Index, respectively, in the same period.
Alex Karp-led company deals with providing access to <a href="https://www.benzinga.com/general/market-summary/24/11/42058235/palantir-board-member-in-a-deleted-x-post-said-nasdaq-move-will-force-billions-in-etf-buying-and-deliver-tendies-heres-what-this-meme-stock-term-means">artificial intelligence</a> targeting tools to the government and military contracts. Knowing Palantir's business it's unlikely for the financial market participants to peg this company for having a vehement, meme-making fandom.
However, its chief executive officer, Griffin-led fund &#8211; Citadel, has decisively cut its exposure to Palantir in the third quarter.
The fund boosted its call positions by 91% and put positions by 55%, but significantly reduced its ownership from 5.68 million shares to 508,086 shares in the third quarter—a 91% decline—bringing the stake&#8217;s value to $18,900 as of Sept. 30.
Also read: <a href="https://www.benzinga.com/general/market-summary/24/11/42206673/trumps-running-mate-vice-president-pick-and-venture-capitalist-jd-vance-holds-etfs-bitcoin-and-more-here-is-a-look-at-his-portfolio" target="_blank" rel="noreferrer noopener">JD Vance's Investment Playbook Has Bitcoin And ETFs: Here's What Else The VP-Elect Is Betting On</a>
Citadel Increase Stake In Nvidia
Nvidia shares have also outperformed the Nasdaq 100 Index as it has zoomed by 181% on a year-to-date basis. It has also been in a tight race with Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in terms of market capitalization. While it has surpassed Apple&#8217;s market cap earlier, at the time of the publication of this article Apple was ahead with a market cap of $3.551 trillion, while the Jensen Huang-led company stood at $3.314 trillion.
Citadel, one of the largest funds in the U.S., holds positions across 14,115 companies with a total invested value of $518.2 billion. The fund increased its stake by 194% to 7.122 million shares amounting to $864.96 million in Nvidia during the third quarter. 
The AI industry&#8217;s bellwether, Nvidia, under the leadership of Huang, has issued <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">optimistic projections</a> for the forthcoming quarter and fiscal year 2025. This positive outlook is underpinned by the escalating production of the Blackwell chip.
Analyst Views On Palantir And Nvidia
According to <a href="https://pro.benzinga.com/dashboard">Benzinga pro data</a>, Palantir has a consensus price target of $30.22 apiece based on the ratings of 18 analysts. The highest price target among all the <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">analysts tracked by Benzinga</a> is $75 issued by BofA Securities on Nov. 25, whereas the lowest price target is $7.5 issued by Wolfe Research on Aug. 8, 2023.
The average price target of $63.67 between BofA Securities, Wedbush, and Goldman Sachs implies a 3.83% downside for Palantir.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/PLTR/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="380" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053348/palantir-analysts-1024x380.png" alt="" class="wp-image-668965" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053348/palantir-analysts-1024x380.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053348/palantir-analysts-300x111.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053348/palantir-analysts-768x285.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053348/palantir-analysts.png 1062w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
According to <a href="https://pro.benzinga.com/dashboard">Benzinga pro data</a>, Nvidia has a consensus price target of $170.56 apiece based on the ratings of 40 analysts. The highest price target among all the <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">analysts tracked by Benzinga</a> is $220 per share issued by Rosenblatt on Nov. 21, whereas the lowest price target is $120 apiece issued by New Street Research on Aug. 6.
The average price target of $154.67 between DA Davidson, Phillip Securities, and Truist Securities implies a 13.74% upside for Nvidia.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/NVDA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="384" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053401/nvidia-analysts-1024x384.png" alt="" class="wp-image-668966" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053401/nvidia-analysts-1024x384.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053401/nvidia-analysts-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053401/nvidia-analysts-768x288.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/28053401/nvidia-analysts.png 1059w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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