Latest news for 88 Energy (OTC:EEENF) Stock

88 Energy Ltd is an upstream oil and gas operations company based in Australia. Its business involves exploring potential oil and natural gas and processing the acquired crude reserves. The company has oil and gas assets located across the United States and Australia. It has three reportable segments being Oil & Gas Exploration in Alaska, USA and Oil and Gas Production in Texas, USA and Oli & Gas Exploration in Namibia.

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These OTC Securities Reported The Most Trading Volume In January – With Possible Sustained Interest In International Operators

88 Energy Ltd

The CNN Money Fear and Greed index showed some easing in the fear level, with the index moving to the &#8220;Fear&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones index surging almost 500 points during the session.
Even as the major indices recorded gains on Friday, all three averages fell last week. The Dow dipped around 2.3% to record its third losing week in a row. The S&amp;P 500 declined about 2%, while the Nasdaq Composite fell around 1.8% last week.
On the economic data front, the U.S. personal consumption expenditures price index rose 0.1% month-over-month in November down from 0.2% in each of the prior two months and compared to market estimates of 0.2%. The University of Michigan consumer sentiment rose to 74 in December, recording the highest level since April, versus a reading of 71.8 in November.
Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) reported better-than-expected earnings for its fourth quarter on Friday.
All sectors on the S&amp;P 500 closed on a positive note, with utilities, real estate, and information technology stocks recording the biggest gains on Friday.
The Dow Jones closed higher by around 498 points to 42,840.26 on Friday. The S&amp;P 500 rose 1.09% to 5,930.85, while the Nasdaq Composite surged 1.03% to close at 19,572.60 during Friday's session.
Investors are awaiting earnings results from Limoneira Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>), Bridgeline Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>), and Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 28.1, the index moved to the &#8220;Fear&#8221; zone on Friday, versus a prior reading of 21.9.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>
Photo courtesy: Shutterstock

News

Pre-Market Outlook

AVXL

BLIN

LMNR

Dow Jumps Around 500 Points But Records 3rd Straight Weekly Loss: Greed Index Moves To 'Fear' Zone

Steve Ballmer, the former Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) CEO, has bet heavily on the tech giant, which accounts for more than 80% of his investment portfolio. The result? His approach has paid off handsomely.
What Happened: In a Q&amp;A <a href="https://www.wsj.com/finance/investing/steve-ballmer-the-non-investing-guru-of-investing-b0058c11">with</a> The Wall Street Journal that was published on Sunday, Ballmer shared that over 80% of his holdings are tied to his former company, Microsoft, with the remainder invested in stock index funds.
He attributes his financial success to Microsoft&#8217;s strong performance, particularly after the AI boom sparked by Microsoft-backed OpenAI&#8217;s ChatGPT in November 2022.
"Microsoft's outperformed just about every other asset I could have owned," he stated, adding, "It's a little hard to say that it hasn't worked out."
See Also: <a href="https://www.benzinga.com/tech/24/12/42608964/samsung-one-ui-6-1-1-update-is-turning-this-galaxy-series-phones-into-paperweights-bricking-random-reboots-and-overheating-reported?itm_source=parsely-api">Samsung One UI 6.1.1 Update Is Turning This Galaxy Series Phones Into Paperweights: Bricking, Random Reboots And Overheating Reported</a>
Ballmer <a href="https://www.benzinga.com/markets/24/12/42638406/tech-titans-triumph-the-top-10-billionaires-who-made-big-gains-in-2024">holds a 4.5% stake in Microsoft</a>. Since 2020 till now, Microsoft has returned an average of 28.37% annually, significantly outperforming the S&amp;P 500's average return of around 11.08%.
When Ballmer was asked if his strategy applies to everyday investors, he said, &#8220;I'd suggest keeping it simple—unless you're truly committed to becoming an expert.&#8221;
Microsoft currently has a market capitalization of $3.346 trillion, making it the third most valuable company in the world. According to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>, Microsoft shares have risen by 17.72% year-to-date.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Ballmer&#8217;s strategy is influenced by Warren Buffett, who recommends S&amp;P 500 index funds <a href="https://www.benzinga.com/startups/24/10/41252767/warren-buffetts-timeless-advice-is-to-invest-in-stocks-that-youd-be-perfectly-happy-to-hold-if-the-m">for retail investors</a>.
Now worth $151 billion, according <a href="https://www.bloomberg.com/billionaires/">to</a> the Bloomberg Billionaire Index, Ballmer also has a significant investment in the Los Angeles Clippers, which has appreciated since his $2 billion purchase in 2014, now <a href="https://www.forbes.com/teams/los-angeles-clippers/">valued</a> at $5.5 billion.
Earlier this year, <a href="https://www.benzinga.com/markets/equities/24/07/39588200/bill-gates-hired-steve-ballmer-as-the-first-business-manager-at-microsoft-and-now-is-behind-him-">Ballmer&#8217;s wealth briefly surpassed</a> that of Microsoft co-founder Bill Gates. However, at the time of writing, Gates is at number seven on the list with a net worth of $160 billion, ahead of Ballmer.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42609242/marques-brownlee-breaks-down-how-googles-ai-video-generator-veo2-outpaces-openais-sora?itm_source=parsely-api">Marques Brownlee Breaks Down How Google&#8217;s AI Video Generator Veo2 Outpaces OpenAI&#8217;s Sora</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Microsoft

Tech

Media

MSFT

Steve Ballmer's Winning Investment Strategy: Billionaire Says 'Keep It Simple' As His Microsoft Bet Pays Off Thanks To AI Boom

Goldman Sachs analyst Allen Chang initiates coverage on Pony AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) with a Buy rating and announces Price Target of $19.6.

Price Target

Initiation

Analyst Ratings

PONY

Goldman Sachs Initiates Coverage On Pony AI with Buy Rating, Announces Price Target of $19.6

&nbsp;Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announced that its stock will be added to the Nasdaq Biotechnology Index (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBI#NASDAQ">NBI</a>). The addition comes as a part of the annual reconstitution of the index. Alvotech's inclusion in the NBI will be effective when the U.S. market opens on Monday, December 23, 2024.

Government

Regulations

ALVO

Alvotech Joins Nasdaq Biotech Index, Effective Today

As the largest publicly traded dedicated non-operator, NOG has a large pipeline of acquisition opportunities and the Company frequently sends expressions of interest to acquire assets or businesses in order to evaluate and conduct due diligence on potential opportunities. Many of these requests to conduct diligence are rejected. The Company is not currently engaged in formal negotiations to acquire Granite Ridge.

Reported Friday, NOG Addressed Speculation On Granite Ridge Acquisition, Confirms No Formal Negotiations

With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Limoneira Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>) to report a quarterly loss at 7 cents per share on revenue of <a href="https://www.benzinga.com/quote/LMNR/earnings">$42.45 million after</a> the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Limoneira shares gained 2% to $26.83 in after-hours trading.</li>
<li>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) bagged a key win in its legal battle against semiconductor design company Arm Holdings Plc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>). A federal jury in Delaware ruled that Qualcomm did not violate its licensing agreement with Arm, clearing a hurdle for the San Diego, California-<a href="https://www.benzinga.com/24/12/42633922/qualcomm-bags-win-in-chips-licensing-trial-against-arm-but-the-battle-is-not-over-yet">headquartered chipmaker</a>. Qualcomm shares gained 1.9% to $155.72 in the after-hours trading session.</li>
<li>Analysts expect Anavex Life Sciences Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) to post a quarterly loss at 16 cents per share before the opening bell. Anavex Life Sciences shares gained 0.2% to $8.65 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Brenmiller Energy Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNRG#NASDAQ">BNRG</a>) shares rose sharply in after-hours trading on Friday after the company said it was awarded ISO/IEC 27001:2022 certification. Brenmiller Energy shares surged 12% to $0.8440 in the after-hours trading session.</li>
<li>Analysts expect Bridgeline Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) to post a quarterly loss at 5 cents per share on revenue of $3.87 million after the closing bell. Bridgeline Digital shares fell 0.7% to $1.48 in after-hours trading.</li>
</ul>
Check This Out:
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Trading Ideas

BNRG

QCOM

Qualcomm, Limoneira And 3 Stocks To Watch Heading Into Monday

SGML

Reported Friday, Sigma Lithium Secures Unanimous Approval For Triple Environmental License At Barreiro Mine

Fund manager Stephen Yiu of Blue Whale Growth Fund has forecasted that&nbsp;Broadcom Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) will yield substantial returns for investors by 2025, potentially surpassing AI chip heavyweight&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What Happened: Yiu said that tech giants like Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Google LLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) are looking to broaden their AI chip supplier base. Despite their substantial purchases of Nvidia&#8217;s GPUs, these companies are now also creating their own custom chips for AI applications, CNBC<a href="https://www.cnbc.com/2024/12/23/-the-next-nvidia-broadcom-is-the-ai-chip-stock-to-own-in-2025-investor-says.html"> reported</a> on Monday.
Yiu sees Broadcom as&nbsp;the next Nvidia in terms&nbsp;of potential outperformance, thanks to its strong partnerships with major tech firms. 
&#8220;Nvidia's&nbsp;GPUs are very powerful, but&nbsp;at the same time also&nbsp;very expensive,&#8221; Yiu noted. &#8220;From&nbsp;Microsoft's perspective, you don't want&nbsp;to become overly dependent on&nbsp;one single supplier.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/12/42624559/warren-buffett-says-a-surge-in-people-doing-big-dumb-things-is-tied-to-historically-easy-access-to-other-peoples-money?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Warren Buffett Says A Surge In People Doing &#8216;Big Dumb Things&#8217; Is Tied To Historically Easy Access To Other People&#8217;s Money</a>
Broadcom&#8217;s year to date returns have climbed 103.42% this year, as of Monday pre-market hours, according to <a href="https://pro.benzinga.com">Benzinga Pro</a>. It hit a market cap of over $1 trillion after announcing that its AI revenue&nbsp;tripled to $12.2 billion in&nbsp;2024. The company is working&nbsp;with three major cloud computing&nbsp;customers, Meta, Alphabet, and ByteDance, to develop custom AI chips.
Despite still holding an investment in Nvidia, Yiu has significantly cut it from nearly 10% of his fund's portfolio. He views Broadcom as a more attractive investment opportunity due to its smaller size. 
&#8220;For&nbsp;a $1 trillion company to&nbsp;grow 50% to become $1.5&nbsp;trillion is reasonable. But for&nbsp;Nvidia to do that, they&nbsp;would need to add another&nbsp;$1.5 trillion, which is a&nbsp;very big number,&#8221; he elaborated.
Why It Matters: Broadcom&#8217;s CEO Hock Tan has <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42613368/broadcom-expects-decade-long-ai-chip-boom-as-big-tech-invest-billions">expressed strong confidence</a> in the sustainability of the AI boom. Big tech companies like Google, Meta, and ByteDance are investing heavily in designing custom processors to accelerate the training and deployment of AI systems. Even OpenAI and Apple have partnered with Broadcom to develop their AI server chips, diversifying their exposure to Nvidia.
Kurv Investment Management&#8217;s CEO Howard Chan recently mentioned that chipmakers like <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42600155/exclusive-nvidia-broadcom-tipped-to-dominate-ai-compute-wave-by-kurv-ceo">Nvidia and Broadcom </a>are leading the AI wave. He noted that demand is outstripping supply in this sector, benefiting chipmakers and cloud computing service providers.
Former House Speaker Nancy Pelosi (D-Calif.), known for her active stock market investments as a member of Congress, disclosed in June that she had <a href="https://www.benzinga.com/news/24/09/40692177/whats-going-on-with-broadcom-shares-today" target="_blank" rel="noreferrer noopener">acquired call options on Broadcom. </a>These options, adjusted to a strike price of $80 after a 10-for-1 stock split, are set to expire in June 2025.
Pelosi, a widely followed Congressional trader, has drawn <a href="https://www.benzinga.com/news/24/09/40692177/whats-going-on-with-broadcom-shares-today">significant attention to her stock holdings,</a> inspiring dedicated Pelosi portfolio trackers. 
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42628397/bitcoin-ethereum-xrp-dogecoin-recover-from-days-losses-if-this-is-the-christmas-sell-off-and-the-top-so-be-it-trader-says?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, XRP, Dogecoin Recover From Day&#8217;s Losses: &#8216;If This Is The Christmas Sell Off And The Top, So Be It,&#8217; Trader Says</a></li>
</ul>
Image via Shutterstock

General

AMZN

AVGO

GOOGL

NVDA

Is This Nancy Pelosi's Stock Pick Set To Overtake Nvidia? AI Chip Race To Heat Up By 2025 As Meta And Microsoft Look Beyond Jensen Huang's Chip Maker, Says Expert

<h3>Companies Reporting Before The Bell</h3>
• Anavex Life Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVXL#NASDAQ">AVXL</a>) is expected to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Bridgeline Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLIN#NASDAQ">BLIN</a>) is estimated to report quarterly loss at $0.01 per share on revenue of $3.87 million. 
• Limoneira (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LMNR#NASDAQ">LMNR</a>) is expected to report quarterly loss at $0.07 per share on revenue of $42.45 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Scheduled For December 23, 2024

WHLM

Reported Friday, Wilhelmina International Confirms Nasdaq Delisting, Last Trading Day Expected December 31, 2024

GLDG

Reported Friday, GoldMining Renews At-The-Market Program For Up To $50M In Common Shares

Macro Economic Events

Econ #s

Economics

U.K. Gross Domestic Product (YoY) For Q3 0.9% Vs. 1.0% Est.; 0.7% Prior

U.K. Gross Domestic Product (QoQ) For Q3 0.0% Vs. 0.1% Est.; 0.4% (Revised) Prior

U.K. Current Account For Q3 -18.1B Vs. -22.9B Est.; 24.0B (Revised) Prior

U.K. Business Investment (QoQ) For Q3 1.9% Vs. 1.2% Est.; 1.8% (Revised) Prior

The<a href="https://www.benzinga.com/money/how-to-invest-in-the-sp-500"> S&amp;P 500 </a>is flashing a rare technical warning signal that hasn&#8217;t been seen since the Jimmy Carter administration, with declining stocks dominating market action for 14 consecutive days through Thursday.
What Happened: &#8220;Market tops have to start somewhere, and many begin with breadth divergences,&#8221; warns Ed Clissold, chief U.S. strategist at NDR, noting this marks the longest decline streak since Oct. 15, 1978, Business Insider <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-risk-signal-breadth-sp500-investor-sentiment-returns-2024-12">reported</a> on Monday. 
The troubling market breadth comes as the benchmark index trades just 4% below its record high, masking deeper problems beneath the surface. The equal-weighted S&amp;P 500, which better reflects the typical stock&#8217;s performance, has already fallen 7% from its peak.
Historical data paints a concerning picture for investors. After similar breadth declines since 1972, the S&amp;P 500 has averaged just 0.1% returns over the following six months – significantly below the typical 4.5% gain seen during all periods.
The market faces a critical test heading into the traditionally bullish year-end period. &#8220;A lack of a <a href="https://www.benzinga.com/24/12/42627985/which-magnificent-7-stock-will-gain-the-most-in-a-santa-claus-rally-28-select">Santa Claus Rally</a> would be concerning not only from a seasonal perspective, but it would allow breadth divergences to deepen,&#8221; Clissold cautioned.
Adding to the worries, NDR&#8217;s sentiment indicators show investors have maintained extreme optimism since September, marking the seventh-longest stretch of excessive bullishness since 1995. This optimism, combined with the Federal Reserve&#8217;s recent hawkish stance on 2025 interest rate cuts, has pushed the market toward its worst weekly performance since March 2023.
&#8220;If the stock market cannot rectify recent breadth divergences in the next few weeks, it would suggest our concerns about a more difficult 2025 could come to fruition,&#8221; Clissold concluded.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42639832/bitcoin-ethereum-dogecoin-lose-sheen-ahead-of-holidays-but-top-analyst-points-to-this-indicator-says-btc-will-hit-a-top-above-168k">Bitcoin, Ethereum, Dogecoin Lose Sheen Ahead Of Holidays But Top Analyst Points To This Indicator, Says BTC Will Hit A Top Above $168K</a>
Why It Matters: The term &#8220;Santa Claus rally&#8221; was coined by Yale Hirsch in 1972 in the &#8220;Stock Trader&#8217;s Almanac.&#8221; It refers to the tendency for <a href="https://www.benzinga.com/general/education/24/12/42625025/santa-claus-rally-in-2024-poll-shows-investors-split-on-end-of-year-returns-57-say-this">stock prices to rise </a>during the final five trading days of the year and the first two trading days of the following year. This period often sees higher prices due to factors such as year-end portfolio rebalancing, positive holiday sales reports, and optimism for the year ahead, all of which can contribute to strong returns for major stock market indexes.
When Benzinga asked if readers expect a Santa Clause rally, 57% responded that they expect one.
The S&amp;P 500 warning comes even as the <a href="https://www.benzinga.com/24/12/42627688/dow-surges-over-600-points-gold-jumps-1-5">index surged over</a> 1.5% to 5,956.61 on Friday.
The conflicting signals come as the benchmark index approaches what could be its <a href="https://www.benzinga.com/24/12/42430296/carson-researchs-50-year-study-suggests-that-the-26-months-old-bull-market-is-far-from-over">best election year</a> performance ever, having already notched 56 new all-time highs in 2024, according to Carson Research&#8217;s chief market strategist Ryan Detrick.
Price Action: Meanwhile, on Friday, the Dow traded up 1.55% to 43,000.53 while the NASDAQ rose 1.65% to 19,693.06. The S&amp;P 500 also rose, gaining, 1.53% to 5,956.61. SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which closely monitors the S&amp;P 500 closed 1.20% higher and Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) closed 0.87% higher, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>.
Read Also: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42639832/bitcoin-ethereum-dogecoin-lose-sheen-ahead-of-holidays-but-top-analyst-points-to-this-indicator-says-btc-will-hit-a-top-above-168k">Crypto Analyst: ‘2025 Will Continue To Be a Great Year for Bitcoin'</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

Analyst Color

'A Lack Of A Santa Claus Rally Would Be Concerning,' Says Analyst As S&P 500 Breadth Hits Lowest Since Jimmy Carter Era

ICL Appoints Elad Aharonson As President And CEO, Effective March 13, 2025

Rate decision supports investments in battery storage, transmission infrastructure and maintenance to improve reliability for customers.

Reported Friday, PGE Receives Approval For 2025 Rates, Supporting Critical Investments In Battery Storage And Grid Modernization

Reported Saturday, EHang Partners With Changan Automobile To Redefine Personal Transportation Through Innovative Flying Cars

RKLB

Reported Saturday, Rocket Lab Concludes 2024 With 16th Mission, Delivering Synspective Satellite And Celebrating Unprecedented Launch Cadence

88 Energy

July gave world markets a breather from 2022&rsquo;s poor financial conditions.

The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) increased 9.21% in July, its highest monthly price ascension since November 2020. The Fidelity NASDAQ Composite Index ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONEQ#NASDAQ">ONEQ</a>) and the SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) displayed similar optimism, showing monthly increases of 12.51% and 6.78%, respectively, in July.

The market has reacted favorably to some recent developments, including The Federal Reserve&rsquo;s decision to maintain rather than increase interest rates as well as the release of this <a href="https://www.bls.gov/">report</a>, which reveals that 528,000 jobs have been added to the economy. Some expert traders, however, remain skeptical of July&rsquo;s bullish movement, noting the similarity of this rally to the one experienced in 2008. The latter was followed by a second wave of downward movement that stretched over months.

As ambiguity simmers surrounding market sentiment, OTC Markets Group Inc.&rsquo;s (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/OTCM#OTCQX">OTCM</a>) regulated markets experienced a slight decrease in total monthly volume, recording $37.3 billion in July compared to $45.2 billion in June.

Despite the decrease, a number of new securities have emerged onto the OTCQX Best Market and OTCQB Venture Market, possibly demonstrating the ability to attract interest in a wide range of industries. Both the OTCQX Best Market and the OTCQB Venture Market maintained a significant international presence, with over half of the top most-traded securities across both markets composed of international operators.

<h3>A Dive Into The OTCQX Best Market&rsquo;s Most-Active List</h3>

The OTCQX Best Market recorded $7 billion in trading volume in July, a decrease from June&rsquo;s $9 billion.

Weathering the storm of decreasing volume are the OTCQX Best Market&rsquo;s steadfast volume performers Roche Holding AG (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTCQX">RHHBY</a>), Grayscale Bitcoin Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTCQX">GBTC</a>) and Grayscale Ethereum Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#OTCQX">ETHE</a>). In July, Roche Holding reaped the most trading volume as opposed to Grayscale Bitcoin Trust, which took that spot in June.

Additionally, OTCQX&rsquo;s top 10 most-active securities experienced a slight reshuffle in July, welcoming BASF SE (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BASFY#OTCQX">BASFY</a>) and Zurich Insurance Group Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ZURVY#OTCQX">ZURVY</a>) in place of Experian plc (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/EXPGY#OTCQX">EXPGY</a>) and Tesco PLC (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TSCDY#OTCQX">TSCDY</a>).

Despite decreasing month-on-month volume figures, the OTCQX Best Market has managed to maintain its hold on a number of industries, as demonstrated by the constituents of its Most Active list. Below are some of the companies and their relevant specialties:&nbsp;

<ul>
	<li>Danone S.A. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/DANOY#OTCQX">DANOY</a>): Healthcare.</li>
	<li>Infineon Technologies AG (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/IFNNY#OTCQX">IFNNY</a>): Semiconductor solutions.</li>
	<li>BASF SE (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BASFY#OTCQX">BASFY</a>, BFFAF)): Chemical manufacturing.&nbsp;</li>
	<li>Grayscale Bitcoin Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTCQX">GBTC</a>): Cryptocurrency mining.</li>
	<li>Trulieve Cannabis Corp. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>): Cannabis sales and cultivation.</li>
	<li>Heineken N.V. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/HEINY#OTCQX">HEINY</a>): Alcohol manufacturing and distribution.</li>
</ul>

Similar to June, 23 of the 30 Most Active constituents on the OTCQX Best Market were international operators. Some of these included new faces like Switzerland&rsquo;s Zurich Insurance Group and Germany&#39;s BASF SE, but regulars like Germany&rsquo;s Adidas AG (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ADDYY#OTCQX">ADDYY</a>) and the United Kingdom&rsquo;s Anglo American PLC (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/NGLOY#OTCQX">NGLOY</a>) were also present.

Other notable movers:

<ul>
	<li>Ayr Wellness Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/AYRWF#OTCQX">AYRWF</a>) claimed the No. 30 spot on the OTCQX&rsquo;s list of most-traded securities, experiencing a 150% change in trading volume from last month.</li>
</ul>

<h3>The OTCQB Venture Market Experiences A Reshuffle In July</h3>

The OTCQB Venture Market recorded $463 million in trading volume in July, a decline from June&rsquo;s $603 million figure.

July introduced several new entities to the OTCQB&rsquo;s Top 10 Most Active list. Stem-cell specialist Stemtech Corp. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/STEK#OTCQB">STEK</a>) and mining operator Brazil Minerals Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/BMIX#OTCQB">BMIX</a>) were among the new additions.

Similar to June, the OTCQB Venture Market witnessed a number of novelties in July. In addition to three new companies, all three of the most-traded securities in the market changed. June&rsquo;s OTCQB Most Active leaders Freddie Mac (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTCQB">FMCC</a>) and Lake Resources (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/LLKKF#OTCQB">LLKKF</a>) made way for biotech operator CytoDyn Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/CYDY#OTCQB">CYDY</a>) and computer memory subsystems specialist Netlist Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/NLST#OTCQB">NLST</a>).

Thirteen international securities landed a spot on the OTCQB Venture Market&rsquo;s Most Active list. Of these 13, three are Australian, eight are Canadian, one is British and one is from Hong Kong.

Other notable movers:

<ul>
	<li>Snowline Gold Corp. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SNWGF#OTCQB">SNWGF</a>) climbed to 15th place in the Most Active list and recorded a $3.8 million rise in trading volume compared to last month.&nbsp;</li>
	<li>88 Energy Ltd. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/EEENF#OTCQB">EEENF</a>) climbed to 13th place in the Most Active list and recorded a $3.5 million rise in trading volume compared to last month.</li>
</ul>

The OTCQX And OTCQB Top 10

Below are the top 10 most actively traded securities on the OTCQX Best Market and OTCQB Venture Market in July.&nbsp;

OTCQX Top 10:&nbsp;

<table>
	<tbody>
		<tr>
			<td>
			Company Name
			</td>
			<td>
			Symbol
			</td>
			<td>
			July Dollar Volume
			</td>
		</tr>
		<tr>
			<td>
			Roche Holding Ltd.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/RHHBY/quote">RHHBY</a>
			</td>
			<td>
			$1,174,038,337
			</td>
		</tr>
		<tr>
			<td>
			Grayscale Bitcoin Trust (BTC)
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/GBTC/quote">GBTC</a>
			</td>
			<td>
			$1,171,194,870
			</td>
		</tr>
		<tr>
			<td>
			Grayscale Ethereum Trust (ETH)
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ETHE/quote">ETHE</a>
			</td>
			<td>
			$824,696,740
			</td>
		</tr>
		<tr>
			<td>
			adidas AG
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ADDYY/quote">ADDYY</a>
			</td>
			<td>
			$242,545,358
			</td>
		</tr>
		<tr>
			<td>
			Danone
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/DANOY/quote">DANOY</a>
			</td>
			<td>
			$236,789,470
			</td>
		</tr>
		<tr>
			<td>
			BNP Paribas
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/BNPQY/quote">BNPQY</a>
			</td>
			<td>
			$221,832,673
			</td>
		</tr>
		<tr>
			<td>
			Infineon Technologies AG&nbsp;
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/IFNNY/quote">IFNNY</a>
			</td>
			<td>
			$155,256,947
			</td>
		</tr>
		<tr>
			<td>
			BASF SE
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/BASFY/quote">BASFY</a>
			</td>
			<td>
			$133,635,750
			</td>
		</tr>
		<tr>
			<td>
			Anglo American plc
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/NGLOY/quote">NGLOY</a>
			</td>
			<td>
			$129,304,530
			</td>
		</tr>
		<tr>
			<td>
			Zurich Insurance Group Ltd.
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/ZURVY/quote">ZURVY</a>
			</td>
			<td>
			$125,075,924
			</td>
		</tr>
	</tbody>
</table>

OTCQB Top 10:&nbsp;

<table>
	<tbody>
		<tr>
			<td>
			Company Name
			</td>
			<td>
			Symbol
			</td>
			<td>
			July Dollar Volume
			</td>
		</tr>
		<tr>
			<td>
			CytoDyn Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/CYDY/quote">CYDY</a>
			</td>
			<td>
			$37,078,914
			</td>
		</tr>
		<tr>
			<td>
			Netlist Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/NLST/quote">NLST</a>
			</td>
			<td>
			$34,113,360
			</td>
		</tr>
		<tr>
			<td>
			Freddie Mac&nbsp;
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/FMCC/quote">FMCC</a>
			</td>
			<td>
			$30,241,752
			</td>
		</tr>
		<tr>
			<td>
			Fannie Mae&nbsp;
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/FNMA/quote">FNMA</a>
			</td>
			<td>
			$27,396,005
			</td>
		</tr>
		<tr>
			<td>
			Northwest Biotherapeutics Inc.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/NWBO/quote">NWBO</a>
			</td>
			<td>
			$22,674,446
			</td>
		</tr>
		<tr>
			<td>
			American Battery Technology Co.
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/ABML/quote">ABML</a>
			</td>
			<td>
			$16,153,987
			</td>
		</tr>
		<tr>
			<td>
			Humbl Inc.
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/HMBL/quote">HMBL</a>
			</td>
			<td>
			$14,817,569
			</td>
		</tr>
		<tr>
			<td>
			Stemtech Corp.
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/STEK/quote">STEK</a>
			</td>
			<td>
			$12,940,312
			</td>
		</tr>
		<tr>
			<td>
			Lake Resources N.L.&nbsp;
			</td>
			<td>
			<a href="http://www.otcmarkets.com/stock/LLKKF/quote">LLKKF</a>
			</td>
			<td>
			$11,131,503
			</td>
		</tr>
		<tr>
			<td>
			Brazil Minerals Inc.
			</td>
			<td>
			<a href="https://www.otcmarkets.com/stock/BMIX/quote">BMIX</a>
			</td>
			<td>
			$7,447,947
			</td>
		</tr>
	</tbody>
</table>

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Featured photo by Annie Spratt on <a href="https://unsplash.com/photos/hWJsOnaWTqs">Unsplash</a>

OTC Markets' Most Active Securities Sees A Shake-up In July

Photo from Jason Briscoe on <a href="https://unsplash.com/photos/Gw_sFen8VhU">Unsplash</a>

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Following news of high inflation, the SPDR S&amp;P500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved from a high of $478 to a low of $420.76. This move marked the first market correction &ndash; a decline of over 10% &ndash; since the COVID-19 pandemic emerged in <a href="https://www.usbank.com/investing/financial-perspectives/market-news/is-a-market-correction-coming.html#:~:text=The%20U.S.%20stock%20market%20has,occurred%20periodically%20through%20the%20years.">2020</a>. According to Ned Davis Research, a securities market research shop, this move indicated the worst-ever start of the year for the SPDR S&amp;P500. Other leading indices like the Dow Jones Industrial Average and the Nasdaq experienced similarly weak starts to the year.

Despite the shaky start to the year for markets, OTC Markets Group Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/OTCM#OTCQX">OTCM</a>) recorded a monthly total dollar volume of $53,023,723,310 across its markets.

<h3>International Presence</h3>

On the OTCQX &ndash; the OTC Markets&rsquo; top-tier&nbsp; &ndash; international operators experienced a percentage increase in trading volume relative to December. Notably, Roche Holdings AG (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTCQX">RHHBY</a>), Infineon Technologies AG (OTQX: IFNNY), and BNP Paribas (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/BNPQY#OTCQX">BNPQY</a>) experienced 87%, 94%, and 61% increases in trading volume compared to December respectively.

Of the 20 securities with the most volume on the OTCQX and OTCQB in January, more than half of them were international operators. Sprott Physical Uranium TR (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SRUUF#OTCQB">SRUUF</a>), American Lithium Corp. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/LIACF#OTCQB">LIACF</a>), and Tokens.com (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SMURF#OTCQB">SMURF</a>) constitute some of Canada&rsquo;s significant presence on the OTCQB&rsquo;s top 20, joined by Australia&rsquo;s 88 Energy Ltd. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/EEENF#OTCQB">EEENF</a>) and Lake Resource N.L. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/LLKKF#OTCQB">LLKKF</a>) and Israel&#39;s Todos Medical Ltd. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/TOMDF#OTCQB">TOMDF</a>). Notably, both Sprott and Carbon Streaming Corp. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/OFSTF#OTCQB">OFSTF</a>) closed above $10 on the OTCQB. Also, the cryptocurrency, energy, and medical industries all feature in OTCQB&rsquo;s top 20, possibly showcasing the market&rsquo;s ability to sustain interest in a wide variety of verticals.&nbsp;

<h3>Volume Profile</h3>

Of the 20 securities with the most volume, Grayscale Bitcoin Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTCQX">GBTC</a>) and Grayscale Ethereum Trust (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/ETHE#OTCQX">ETHE</a>) maintained their hold on traders&rsquo; interest, securing first and second place despite cryptocurrency&rsquo;s January decline. Representing a shuffle from last month&rsquo;s leaders, Sprott and CytoDyn Inc. (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/CYDY#OTCQB">CYDY</a>) lay claim to second and third place on the OTCQB&rsquo;s list of 20 most traded securities, ushering out previous long-standing contenders Fannie Mae (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTCQB">FNMA</a>) and Freddie Mac (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTCQB">FMCC</a>).&nbsp;

<h2>The Top 10s</h2>

Below are the top 10 most actively traded securities on the OTCQX and OTCQB markets in January.&nbsp;

OTCQX Top 10:

<img alt="screenshot_2022-02-14_at_4.42.43_pm.png" src="https://www.benzinga.com/files/images/2022/February/14/screenshot_2022-02-14_at_4.42.43_pm.png" style="height:262px; width:650px" />

OTCQB Top 10:&nbsp;

<img alt="screenshot_2022-02-14_at_4.43.22_pm.png" src="https://www.benzinga.com/files/images/2022/February/14/screenshot_2022-02-14_at_4.43.22_pm.png" style="height:305px; width:650px" />

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

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