Capricorn Energy PLC ADR Stock (OTC: CRNCD)

Latest news for Capricorn Energy PLC ADR (OTC:CRNCD) Stock

Capricorn Energy PLC ADR

Prenetics Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRE#NASDAQ">PRE</a>) reported quarterly losses of $(0.84) per share which beat the analyst consensus estimate of $(0.86) by 2.33 percent. This is a 4.55 percent increase over losses of $(0.88) per share from the same period last year. The company reported $7.78 million in sales this quarter. This is a 30.91 percent increase over sales of $5.94 million the same period last year.

Earnings

News

Prenetics Global Q3 EPS $(0.84) Beats $(0.86) Estimate, Sales $7.78M Up From $5.94M YoY

Dividends

GWRS

Global Water Resources Increases Monthly Dividend From $0.02508 To $0.02533

WIIM

ARWR

Arrowhead Pharmaceuticals shares are trading higher. Chardan Capital maintained a Buy rating on the stock.

UMAC

Unusual Machines shares are trading higher after the company announced that Donald Trump Jr. has joined its advisory board.

As of Nov. 27, 2024, three stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Ambarella Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMBA#NASDAQ">AMBA</a>)</h3>
<ul>
<li>On Nov. 26, Ambarella reported a year-over-year increase in third-quarter revenue results. &#8220;Company specific factors are more than offsetting broad market weakness, and we are reporting 30% sequential revenue growth in fiscal Q3, above the high-end of our guidance range, with strength led again by our customers&#8217; new products, especially those incorporating our higher priced AI inference processors.  Edge AI revenue represented about 70% of our total revenue, establishing a new record level, and this momentum is expected to enable growth in both our IoT and Auto markets in F2025 and F2026,&#8221; said Fermi Wang, President and CEO.  The company's stock gained around 17% over the past five days and has a <a href="https://www.benzinga.com/quote/AMBA">52-week high of $69.55</a>.</li>
<li>RSI Value: 86.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>AMBA Price Action: Shares of Ambarella gained 1.7% to close at $68.41 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Nutanix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>)</h3>
<ul>
<li>On Nov. 26, the company reported better-than-expected first-quarter financial results. &#8220;During our first quarter we delivered outperformance across our guided metrics,&#8221; said Rajiv Ramaswami, President and CEO of Nutanix. The company's stock gained around 13% over the past month and <a href="https://www.benzinga.com/quote/NTNX">has a 52-week high</a> of $75.80.</li>
<li>RSI Value: 73.84</li>
<li>NTNX Price Action: Shares of Nutanix fell 0.6% to close at $72.35 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Radcom Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDCM#NASDAQ">RDCM</a>)</h3>
<ul>
<li>On Nov. 13, Radcom reported better-than-expected third-quarter financial results and raised its FY24 revenue guidance. Hilik Itman, RADCOM&#8217;s Interim Chief Executive Officer, stated, &#8220;We have made significant progress in expanding our business and are confident in our ability to continue profitable growth and increase market share by leveraging our healthy sales pipeline. We believe our best-in-class 5G assurance platform, combined with integrated artificial intelligence (AI) capabilities, positions us well to meet evolving customer needs and requirements in the 5G market.&#8221; The company's stock gained around 22% over the past month and has a <a href="https://www.benzinga.com/quote/RDCM">52-week high</a> of $12.84.</li>
<li>RSI Value: 71.42</li>
<li>RDCM Price Action: Shares of Radcom gained 4.2% to close at $12.29 on Tuesday.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42188912/jim-cramer-linde-is-a-terrific-company-sees-another-stock-up-75-as-not-done">Jim Cramer: Linde Is A &#8216;Terrific&#8217; Company, Sees Another Stock Up 75% As &#8216;Not Done&#8217;</a></li>
</ul>

Short Ideas

Pre-Market Outlook

Markets

Trading Ideas

AMBA

NTNX

RDCM

Top 3 Tech Stocks That May Collapse This Month

Management

Donald Trump Jr. Joins Unusual Machines Advisory Board

GOGL

Golden Ocean Group shares are trading lower after the company reported worse-than-expected Q3 EPS results. Also, Jefferies lowered its price target on the stock from $12.5 to $12.

Contracts

VCIG

VCI Global Receives Conditional Letter Of Award Valued At ~$24M From Hexatoff Group For Its Proposed Data Center Project In Enstek City, Malaysia

Susquehanna analyst Christopher Rolland maintains Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) with a Positive and raises the price target from $95 to $110.

Price Target

Analyst Ratings

MRVL

Susquehanna Maintains Positive on Marvell Tech, Raises Price Target to $110

<ul>
<li>Expands applications' reach to&nbsp;backend semiconductor and Wafer Level Packaging, including Advanced Packaging.</li>
<li>All-cash transaction valued at approximately $60 million.</li>
<li>Acquisition expected to be accretive on non-GAAP net earnings basis within 12 months of closing.</li>
</ul>
REHOVOT, Israel, Nov. 27, 2024 /PRNewswire/ -- Nova (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVMI#NASDAQ">NVMI</a>)&nbsp;announced today that&nbsp;it has&nbsp;entered into a definitive&nbsp;agreement&nbsp;to acquire Sentronics Metrology GmbH, a privately held company headquartered in Mannheim Germany, in an all-cash transaction&nbsp;valued at&nbsp;approximately $60 million.

NVMI

Nova Acquires Sentronics Metrology To Expand Its Dimensional Metrology Portfolio, In An All-Cash Transaction Valued At ~$60M

Shares of&nbsp;HP Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) experienced a significant decline, falling by 8.08% in pre-market trading on Wednesday, following the release of its fourth-quarter projections that failed to meet market expectations.
HP Inc. reported earnings of $0.93 per share, which aligned with analyst expectations. Revenue reached $14.05 billion, surpassing the consensus estimate of $13.99 billion and marking an increase from the previous year&#8217;s $13.82 billion, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Despite the revenue beat, HP&#8217;s earnings forecast for the fiscal first quarter fell short of analyst predictions. The company anticipates earnings, excluding certain items, to range between 70 cents and 76 cents per share, while analysts expected 86 cents, as <a href="https://www.bloomberg.com/news/articles/2024-11-26/hp-gives-lackluster-profit-outlook-on-slow-pc-market-recovery">per</a>&nbsp;Bloomberg&nbsp;data. For the fiscal year, HP projects profits between $3.45 and $3.75 per share, compared to the average estimate of $3.60.
See Also:&nbsp;<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&nbsp;It Was 3 Years Overdue</a>
Enrique Lores, HP&#8217;s CEO, attributed the profit challenges to rising component costs rather than demand issues. He expressed optimism that part prices would decrease over the year. 
Meanwhile, as per <a href="https://pro.benzinga.com/">Benzinga Pro</a>, HP&#8217;s consensus price target is $33.88, with the highest target of $41 from JP Morgan and the lowest of $30 from Wells Fargo.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/news/24/11/42154628/larry-page-google-co-founder-said-hed-leave-his-fortune-to-elon-musk-over-charity-because-of-his-plans-to-go-to-mars-to-back-up-humanity?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Larry Page, Google Co-Founder, Said He&#8217;d Leave His Fortune To Elon Musk Over Charity Because Of His Plans&nbsp;&#8216;To Go To Mars To Back Up Humanity&#8217;</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

General

HP Shares Plunge In Wednesday Pre-Market After Weak Q4 Projections

Continuation of Project from Engineering Order
TULSA, Okla., Nov. 27, 2024 /PRNewswire/ -- ClearSign Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIR#NASDAQ">CLIR</a>) ("ClearSign" or the "Company"), an emerging leader in industrial combustion and sensing technologies that support decarbonization, improve operational and energy efficiency, enable the use of hydrogen as a fuel and enhance safety while dramatically reducing emissions, announces that it has received the follow-on purchase order to retrofit four process heaters with a total of 26 ClearSign Core&#x2122; burners from engineering and heater manufacturer Birwelco&nbsp;USA&nbsp;Inc. (a BIH Group company) as the next phase of the project to be installed in the Gulf Coast facility of a Fortune 500 global chemical company.&nbsp;

CLIR

ClearSign Technologies Corp Receives Follow On Purchase Order For 26 Process Burners, As The Next Phase Of The Project To Be Installed In The Gulf Coast Facility Of A Fortune 500 Global Chemical Company

Macro Economic Events

Econ #s

Economics

Core PCE Prices (Q3) +2.1% vs 2.2% Est.; Prior +2.8%

Telsey Advisory Group analyst Dana Telsey maintains American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) with a Market Perform and maintains $23 price target.

Telsey Advisory Group Maintains Market Perform on American Eagle Outfitters, Maintains $23 Price Target

JTAI

Jet.AI Regains Nasdaq Compliance

IREN

Iris Energy shares are trading higher after HC Wainwright & Co. and Canaccord Genuity maintained Buy ratings on the stock and raised their respective price targets.

U.S.-listed Chinese stocks&nbsp;Alibaba Group Holding.&nbsp;(NYSE:&nbsp;BABA),&nbsp;JD.com, Inc.&nbsp;(NASDAQ:&nbsp;JD),&nbsp;Baidu, Inc.&nbsp;(NASDAQ:&nbsp;BIDU),&nbsp;NIO Inc. (NYSE:&nbsp;NIO),&nbsp;Li Auto Inc.&nbsp;(NASDAQ:&nbsp;LI),&nbsp;and XPeng Inc.&nbsp;(NYSE:&nbsp;XPEV) are trading higher Wednesday following a Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-11-27/chinese-stocks-jump-as-stimulus-hopes-rise-ahead-of-key-meeting?sref=TBDibEcD" rel="noreferrer noopener">report</a> indicating additional Chinese fiscal stimulus after&nbsp;a key economic meeting in December.
Additionally, China&#8217;s industrial profits showed signs of recovery in October, as stimulus measures introduced by Beijing helped reduce the pace of declines. Industrial profits fell 10% year-over-year last month, improving from the 27.1% drop reported in September, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/economy/china-industrial-profits-show-slight-improvement-as-stimulus-kicks-in-fb1e8ac5?mod=latest_headlines" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42191062/manchester-united-q3-earnings-revenue-falls-89-as-broadcasting-takes-a-hit-cost-cuts-stay-on-track-reaffirms-2025-guidance" rel="noreferrer noopener">Manchester United Q1 Earnings: Revenue Falls 8.9% As Broadcasting Takes A Hit, Cost Cuts Stay On Track, Reaffirms 2025 Guidance</a>
According to the National Bureau of Statistics, efforts to stabilize industrial output are gaining traction.
Yu Weining, a bureau statistician, told the WSJ that the improvement was due to various support measures, including interest rate cuts and liquidity injections, to boost market confidence and production levels.
The recovery was particularly evident in the raw materials and consumer goods manufacturing sectors, bolstered by a rebound in domestic consumption and robust exports of industrial products. The data reflects a broader stabilization in production, though challenges remain for industrial enterprises operating under reduced capacity.
For the first ten months of 2024, industrial profits dropped by 4.3% year-over-year, widening from the 3.5% decline recorded in the first nine months. This broader trend indicates persistent headwinds despite recent gains as some companies grapple with reduced operations.
China&#8217;s government introduced a <a target="_blank" href="https://www.benzinga.com/government/regulations/24/11/41843262/chinas-stimulus-plan-not-enough-to-ignite-stocks" rel="noreferrer noopener">6 trillion yuan ($840 billion) stimulus</a> to alleviate local debt burdens and revive economic growth.
The plan, confirmed by Finance Minister Lan Fo&#8217;an, will provide 2 trillion yuan annually to local governments through 2026.
Central authorities will issue 800 billion yuan annually in bonds, totaling 4 trillion yuan over five years.
The initiative aims to cut hidden local debts from 14.3 trillion yuan to 2.3 trillion yuan by 2028.
China&#8217;s government advisers expect the country to brace for an economic growth target of 5.0% for 2025 and robust fiscal stimulus to nullify the impact of expected U.S. tariff hikes on its exports, as per Reuters.
Price Actions: At the last check on Wednesday, BABA stock is up 2.03% to $86.91. JD is up 3.792%, BIDU is up 0.99%, NIO is up 2.78%, LI is up 3.16% and XPEV is up 3.25%.
Also Read:
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<li><a href="https://www.benzinga.com/tech/24/11/42190945/microsoft-service-disruption-hits-outlook-and-teams-thousands-report-issues" target="_blank" rel="noreferrer noopener">Microsoft Service Disruption Hits Outlook And Teams, Thousands Report Issues</a></li>
</ul>
Image via Shutterstock.

Equities

Government

Regulations

Movers

Media

BABA

BIDU

XPEV

What's Going On With US Listed Chinese Stocks Alibaba, JD, Nio, Li, XPeng On Wednesday?

Susquehanna analyst Shyam Patil maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Positive and raises the price target from $310 to $400.

CRWD

Susquehanna Maintains Positive on CrowdStrike Holdings, Raises Price Target to $400

US Durable Goods Orders M/M (Oct) +0.1% vs -0.8% Est.

USA Initial Jobless Claims 213K Vs 215K Est.; 215K Prior

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