Graphene Manufacturing Gr Stock (OTC: GMGMF)

Latest news for Graphene Manufacturing Gr (OTC:GMGMF) Stock

Graphene Manufacturing Group Ltd is involved in the production of high-quality graphene used predominantly in paints, coolants, and lubricants targeting to improve energy efficiency and reduce costs, and additionally in next-generation battery technology. It is a clean-technology-focused company that aims to offer energy-saving products and solutions and energy storage products, enabled by Graphene manufactured in-house via a proprietary production process.

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Financial media and data company Benzinga is capitalizing on its mission to bridge the gap between retail and institutional investors by holding free virtual events featuring speakers from innovative companies.

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Tesla, Inc. (TSLA) has reportedly decided to extend its 5-year, 0-interest loan offer for car purchases in China beyond its <a target="_blank" href="https://www.benzinga.com/news/24/07/39900392/teslas-fsd-version-12-5-doesnt-support-sunglasses-yet-contrary-to-elon-musks-word" rel="noreferrer noopener">original expiration date at the end of this month.</a>
CnEV Post <a target="_blank" href="https://cnevpost.com/2024/07/23/tesla-further-extends-5-year-0-interest-loan-china/" rel="noreferrer noopener">reported</a> this extension aims to prevent a decline in sales due to the reduction in purchase incentives.
This incentive was previously set to expire on July 31. Tesla announced on Weibo that the 5-year 0-interest loan incentive has been extended until August 31.
The incentive applies specifically to the rear-wheel-drive and long-range all-wheel-drive versions of the Model 3 and Model Y.
The offer no longer extends to the highest-priced performance variants of either model, as it did previously.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39900392/teslas-fsd-version-12-5-doesnt-support-sunglasses-yet-contrary-to-elon-musks-word" rel="noreferrer noopener">Tesla&#8217;s FSD Version 12.5 Doesn&#8217;t Support Sunglasses Yet, Contrary To Elon Musk&#8217;s Word</a>
According to information posted on Tesla&#8217;s Chinese website today, customers who place orders for a Model 3 or Model Y before the end of next month will qualify for a 0 percent loan for up to five years.
According to Tesla posters, with the 5-year 0-interest loan offer, customers can purchase a Model Y with a daily installment as low as RMB 95 ($13.05) and a Model 3 with a daily installment as low as RMB 85 ($11.70).
Currently, the Model 3 is available in three variants in China: the entry-level rear-wheel drive version starting at RMB231,900 (roughly $31,880), the all-wheel drive long-range version priced at RMB 271,900 ($37,380), and the all-wheel-drive-performance version priced at RMB 335,900 ($46,175).
Similarly, the Model Y in China is offered in three variants: the entry-level rear-wheel drive version starting at RMB249,900, the all-wheel drive long-range version priced at RMB290,900, and the all-wheel drive performance version priced at RMB 354,900.
Current information regarding prices, specifications, and wait times remains unchanged, CnEV Post added.
The current wait times in China are 3-5 weeks for all three variants of the Model 3 and 1-3 weeks for the Model Y.
Tesla introduced a 0-interest loan incentive in China in April to boost sales, initially stating that customers eligible for the offer would need to take delivery by June 30.
On July 1, the American electric vehicle (EV) manufacturer announced via Weibo that the offer had been extended until July 31.
Price Action: TSLA shares are trading higher by 1.29% to $254.76 premarket at the last check on Tuesday.&nbsp;
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/07/39901629/elon-musk-says-google-co-founder-and-one-of-his-best-friends-larry-page-thought-eventually-we-will-a" target="_blank" rel="noreferrer noopener">Elon Musk Says Google Co-Founder And One Of His &#8216;Best Friends&#8217; Larry Page Thought Eventually We Will All &#8216;Upload Our Minds To The Computer&#8217;</a></li>
</ul>
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General

Tesla Extends 0% Interest Loan Offer In China Amid Sales Pressure: Details

Legal

U.S. FTC Says It Issues Orders To Eight Companies Seeking Information On Surveillance Pricing; Orders Sent To Mastercard, Revionics, Bloomreach, JPMorgan Chase, Task Software, Pros, Accenture, And McKinsey & Co

BMO Capital analyst Jackie Przybylowski maintains Metals Acquisition (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTAL#NYSE">MTAL</a>) with a Market Perform and raises the price target from $13 to $15.

Price Target

Analyst Ratings

MTAL

BMO Capital Maintains Market Perform on Metals Acquisition, Raises Price Target to $15

EZET allows investors to gain exposure to ether within a regulated exchange-traded fund structure
Franklin Templeton today launched its second digital asset-backed exchange-traded fund (ETF), the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2Finvestments%2Foptions%2Fexchange-traded-funds%2Fproducts%2F40521%2FSINGLCLASS%2Ffranklin-ethereum-etf%2FEZET&amp;esheet=54098057&amp;newsitemid=20240723311571&amp;lan=en-US&amp;anchor=Franklin+Ethereum+ETF&amp;index=1&amp;md5=530b5ea3df23f697e2d45b08fb61ffa0">Franklin Ethereum ETF</a>, under the ticker EZET. It is offered on the Cboe BZX Exchange, Inc. and priced at 0.19%, or 19 basis points. Franklin Templeton has agreed to fully waive fees to 0.00% until January 31, 2025, for the first $10.0 billion in fund assets. The fund is a spot ether (ETH) ETF available for U.S. investors and seeks to reflect the performance of the price of ether, less the expense of fund operations. EZET is the latest offering on the growing Franklin Templeton <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.alternativesbyft.com%2Fexpertise%2Fspecialist-managers%2Ffranklin-templeton-digital-assets&amp;esheet=54098057&amp;newsitemid=20240723311571&amp;lan=en-US&amp;anchor=Digital+Assets&amp;index=2&amp;md5=a2c631212b9d539cdb70f819ebbac0f2">Digital Assets</a> and <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.franklintempleton.com%2Finvestments%2Fcapabilities%2Fetfs%2Findex&amp;esheet=54098057&amp;newsitemid=20240723311571&amp;lan=en-US&amp;anchor=ETF&amp;index=3&amp;md5=7536c91ca06b0ff3f2ed27664fe4addb">ETF</a> platforms.

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

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EZET

Franklin Templeton Launches Franklin Ethereum ETF "EZET"

Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) posted better-than-expected <a href="https://www.benzinga.com/quote/NASDAQ:ZION/earnings">quarterly results on Monday</a>.
Zions Bancorp reported quarterly sales of $776.000 million which beat the analyst consensus estimate of $759.379 million. This is a 0.51% decrease over sales of $780.000 million the same period last year. GAAP EPS came in at $1.28 topping market expectations of $1.09 per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, &#8220;Second quarter results demonstrated continued improvement in our net interest margin, effective expense management, strong credit quality as reflected in continued low loan losses, and strengthened capital. Notably, tangible book value per share has increased by 20% over the year-ago period…Subsequent to quarter end, we successfully converted our deposit accounts at Zions Bank, California Bank &amp; Trust, and Vectra Bank Colorado to our new core processing system, TCS&#8217;s BaNCS&#x2122; platform, marking the substantive completion of our multi-year FutureCore project. The conclusion of this large-scale modernization project positions Zions Bancorporation at the forefront of the industry in our ability to post transactions in real time and to deliver exceptional experiences to our customers.&#8221;
Zions Bancorp shares gained 1% to close at $49.48 on Monday.
These analysts made changes to their price targets on Zions Bancorp following the announcement.
<ul>
<li>Baird analyst David George maintained Zions Bancorp with a Neutral rating and raised the price target from $50 to $52.</li>
<li>RBC Capital analyst Jon Arfstrom maintained the stock with a Sector Perform rating, while increasing the price target from $48 to $54.</li>
<li>Wells Fargo analyst Mike Mayo maintained Zions Bancorp with an Equal-Weight rating and boosted the price target from $44 to $52.</li>
<li>Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintained the stock with a Market Perform rating, while raising the price target from $44 to $52.</li>
<li>Stephens &amp; Co. analyst Terry McEvoy maintained Zions Bancorp with an Equal-Weight rating and raised the price target from $48 to $51.</li>
<li>Goldman Sachs analyst Ryan Nash maintained the stock with a Neutral rating, while increasing the price target from $47 to $54.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/07/39904913/how-to-earn-500-a-month-from-alphabet-stock-ahead-of-q2-earnings-report">How To Earn $500 A Month From Alphabet Stock Ahead Of Q2 Earnings Report</a></li>
</ul>

Earnings

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ZION

Zions Bancorp Analysts Boost Their Forecasts After Upbeat Results

JP Morgan analyst Andrea Teixeira maintains Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) with a Neutral and lowers the price target from $59 to $56.

MNST

JP Morgan Maintains Neutral on Monster Beverage, Lowers Price Target to $56

BMO Capital analyst James Thalacker maintains CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>) with a Outperform and lowers the price target from $33 to $32.

BMO Capital Maintains Outperform on CenterPoint Energy, Lowers Price Target to $32

DigiAsia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAAS#NASDAQ">FAAS</a>) ("DigiAsia" or the "Company"), a leading Fintech as a Service ("FaaS") ecosystem provider, today announced key growth highlights of the following KPIs:
<ul>
<li>7.85 billion transactions¹ for the full year 2023, compared to 4.1 billion transactions in the first half of 2023 and 4.5 billion transactions during the full year 2022</li>
<li>$3.625 billion gross transaction value for the full year 2023, compared to $1.6 billion in the first half of 2023 and $2.1 billion gross transaction value in the full year 2022</li>
<li>1 million total merchants on the platform, growth of 31.5%, compared to 760,100 merchants at the end of 2022
<ul>
<li>40% increase in Enterprise Payment and Banking Partners on the platform, up significantly compared to 48 customers in 2022</li>
</ul>
</li>
</ul>

Guidance

FAAS

DigiAsia Corp. Announces Growth Update, 7.85B Transactions For FY23, $3.625B Gross Transaction Value For FY23; 1M Total Merchants On The Platform; 40% Increase In Enterprise Payment And Banking Partners On The Platform

WIIM

AZTR

Azitra shares are trading higher after the company announced that the U.S. Patent and Trademark Office granted it U.S. Patent No. 12,036,248 for the treatment of atopic dermatitis.

BMO Capital analyst Keith Bachman maintains SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) with a Outperform and raises the price target from $237 to $248.

BMO Capital Maintains Outperform on SAP, Raises Price Target to $248

ZTO Yunpei Signs Purchase Agreement with Nisun International, Driving Significant Expansion in China's Egg Market
SHANGHAI, July 23, 2024 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun International" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NISN#NASDAQ">NISN</a>), a technology and industry driven integrated supply chain solutions provider, is pleased to announce a significant milestone in its partnership with Zhejiang ZTO Yunpei Food Co., Ltd. ("ZTO Yunpei"), the supply chain company under ZTO Express, a leading logistics company in China.
ZTO Yunpei has signed a purchase agreement with Nisun International, marking a major step forward in the growth and expansion of both companies in China's thriving egg market. Under the agreement, Nisun International has supplied eggs to ZTO Yunpei for distribution to its customers, resulting in sales exceeding 500 million RMB (approximately 68.7 million USD) to date.
Nisun International is a key player in China's egg market, with the capability to supply over 20 million eggs daily. The company's accumulated sales from eggs have reached over 5 billion RMB (approximately 687.9 million USD), demonstrating its strong position in this rapidly growing market.

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Global

NISN

ZTO Yunpei Has Signed A Purchase Agreement With Nisun International For The Supply Of Eggs For Distribution To Its Customers, Resulting In Sales Exceeding ~$68.7M To Date

MLSS

Milestone Scientific shares are trading higher after the company announced the Medicare price assignment for its CompuFlo Epidural System.

AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) will be reporting its second-quarter earnings on Wednesday. Wall Street expects 57 cents in EPS and $30 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=T"> before market hours</a>.
The stock is up 24.08% over the past year, 7.5% year-to-date.
Let&#8217;s look at what the charts indicate for AT&amp;T stock, and how the stock currently maps against Wall Street estimates.
<h2 class="wp-block-heading">AT&amp;T Stock Exhibiting Bearish Trend With Buying Pressure Ahead Of Q2 Earnings&nbsp;</h2>
AT&amp;T is currently exhibiting a moderately bearish trend, though there are signs of slight buying pressure. 
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23083027/Screenshot-2024-07-23-at-5.59.30-PM.png" alt="" class="wp-image-451162" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23083027/Screenshot-2024-07-23-at-5.59.30-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23083027/Screenshot-2024-07-23-at-5.59.30-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The stock&#8217;s price of $18.55 is below the 8-day and 20-day simple moving averages (SMA) of $18.85 and $18.81, respectively, which typically indicates a bearish sentiment. However, the 50-day SMA is at $18.16, and with the current share price above this level, there is a technical bullish signal suggesting some upward momentum. 
Furthermore, the 200-day SMA sits at $16.94, and with the stock price of $18.55 comfortably above it, this also indicates a bullish outlook. 
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23083046/Screenshot-2024-07-23-at-6.00.28-PM.png" alt="" class="wp-image-451165" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23083046/Screenshot-2024-07-23-at-6.00.28-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23083046/Screenshot-2024-07-23-at-6.00.28-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) indicator is at 0.18, another bullish signal, while the Relative Strength Index (RSI) is at 49.23, suggesting the stock is approaching oversold territory and may see a reversal. 
Additionally, the Bollinger Bands (25) for AT&amp;T are at $18.00 to $19.37, indicating that the stock is within a favorable buying range. 
Overall, while the immediate trend is moderately bearish, several indicators point to potential upside, making AT&amp;T an interesting watch for bullish investors.
Read Also: <a href="http://What's Going On With AT&amp;T Stock?">What&#8217;s Going On With AT&amp;T Stock?</a>
<h2 class="wp-block-heading">AT&amp;T Analysts See 13% Upside</h2>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/T/analyst-ratings"> The consensus analyst rating</a> on AT&amp;T stock stands at a Buy with a price target of $21.98. The latest analyst ratings from Scotiabank, RBC Capital, and Goldman Sachs have set an average price target of $21 for AT&amp;T stock, implying a 13.09% upside.
T Price Action: AT&amp;T stock closed the trading day Monday at $18.55, down 2.98%.
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</ul>
Photo: Shutterstock

Analyst Color

Technicals

Previews

AT&T's Mixed Signals: Bearish Trend But Bullish Indicators Ahead Of Q2 Earnings

JP Morgan analyst Daniel Chen maintains iQIYI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IQ#NASDAQ">IQ</a>) with a Neutral and lowers the price target from $5 to $3.

JP Morgan Maintains Neutral on iQIYI, Lowers Price Target to $3

British tennis icon, Andy Murray, has declared his retirement following the 2024 Paris Olympics.
What Happened: The 37-year-old Murray, who is preparing for his fifth and final Olympic Games, intends to compete in both singles and doubles, BBC <a href="https://www.bbc.com/sport/tennis/articles/czq670864w6o">reported</a> on Tuesday. The three-time Grand Slam champion announced on social media, &#8220;Arrived in Paris for my last ever tennis tournament.&#8221;
<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">Arrived in Paris for my last ever tennis tournament <a href="https://twitter.com/Olympics?ref_src=twsrc%5Etfw">@Olympics</a> Competing for &#x1f1ec;&#x1f1e7; have been by far the most memorable weeks of my career and I'm extremely proud to get do it one final time! <a href="https://t.co/keqnpvSEE1">pic.twitter.com/keqnpvSEE1</a>
&mdash; Andy Murray (@andy_murray) <a href="https://twitter.com/andy_murray/status/1815643228793700703?ref_src=twsrc%5Etfw">July 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39871566/massive-dogecoin-moves-worth-50-million-each-spotted-on-robinhood?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Massive Dogecoin Moves Worth $50 Million Each Spotted On Robinhood</a>
Why It Matters: Murray made history as the first male tennis player to secure two Olympic singles titles. His Olympic journey began in Beijing in 2008, followed by gold medal victories in London 2012 and Rio 2016.
David Haggerty, president of the International Tennis Federation, commended Murray for his advocacy for equality and his efforts in promoting tennis worldwide. Despite undergoing a potentially career-ending hip surgery in 2019 and dealing with a recent back injury, Murray&#8217;s enthusiasm for the game never waned.
The final tournament of Murray&#8217;s career is set to commence at Roland Garros on July 27, with medal rounds starting on Aug. 2 and wrapping up on Aug. 4.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39872063/political-strategist-says-these-three-democrats-could-replace-biden-in-the-presidential-race-and-vp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Political Strategist Says These Three Democrats Could Replace Biden In The Presidential Race — And VP Harris Isn&#8217;t One Of Them</a></li>
</ul>
Image Via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

Sports

Andy Murray To Retire After 2024 Paris Olympics, Marking End Of An Illustrious Tennis Career

The Nasdaq 100 closed higher by around 300 points during Monday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="ttps://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">Best Buy</h3>
<ul>
<li>The Trade: Best Buy Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) Richard M Schulze <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,600,000 shares</a> at an average price of $88.39. The insider received around $141.4 million from selling those shares.</li>
<li>What's Happening: On July 1, Truist Securities analyst Scot Ciccarelli maintained Best Buy with a Hold and maintained a price target of $86.</li>
<li>What Best Buy Does: With $43.5 billion in consolidated 2023 sales, Best Buy is the largest pure-play consumer electronics retailer in the US, boasting roughly 8.3% share of the North American market and north of 33% share of offline sales in the region, per our calculations, CTA, and Euromonitor data.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1">Benzinga Pro's real-time newsfeed</a> alerted to latest BBY news.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="683" height="734" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043349/Screenshot-2024-07-23-at-2.03.44-PM.png" alt="" class="wp-image-450540" style="width:431px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043349/Screenshot-2024-07-23-at-2.03.44-PM.png 683w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043349/Screenshot-2024-07-23-at-2.03.44-PM-279x300.png 279w" sizes="(max-width: 683px) 100vw, 683px" /></a></figure>
<h3 class="wp-block-heading">Halliburton</h3>
<ul>
<li>The Trade: Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) EVP, Secretary and CLO Van H. Beckwith <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 10,000 shares</a> at an average price of $36.75. The insider received around $367,500 from selling those shares.</li>
<li>What's Happening: On July 19, Halliburton reported worse-than-expected second-quarter revenue results.</li>
<li>What Halliburton Does: Halliburton is one of the three largest oilfield service firms in the world, offering superior expertise in a number of business lines, including completion fluids, wireline services, cementing, and countless others.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1">trend in HAL stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="686" height="752" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043426/Screenshot-2024-07-23-at-2.04.21-PM.png" alt="" class="wp-image-450543" style="width:326px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043426/Screenshot-2024-07-23-at-2.04.21-PM.png 686w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043426/Screenshot-2024-07-23-at-2.04.21-PM-274x300.png 274w" sizes="(max-width: 686px) 100vw, 686px" /></a></figure>
<h3 class="wp-block-heading">Kroger</h3>
<ul>
<li>The Trade: The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) Vice President &amp; Controller Brian W Nichols <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 2,000 shares</a> at an average price of $54.53. The insider received around $109,060 from selling those shares.</li>
<li>What's Happening: On July 22, Argus Research analyst Chris Graja maintained Kroger with a Buy and raised the price target from $70 to $72.</li>
<li>What Kroger Does: Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners.</li>
<li>Benzinga Pro's signals feature notified of a potential <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1">breakout in KR shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="663" height="759" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043513/Screenshot-2024-07-23-at-2.05.07-PM.png" alt="" class="wp-image-450545" style="width:422px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043513/Screenshot-2024-07-23-at-2.05.07-PM.png 663w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043513/Screenshot-2024-07-23-at-2.05.07-PM-262x300.png 262w" sizes="(max-width: 663px) 100vw, 663px" /></a></figure>
<h3 class="wp-block-heading">PNC Financial</h3>
<ul>
<li>The Trade: The PNC Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) CEO William S Demchak <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 1,242 shares</a> at an average price of $176.67. The insider received around $219,424 from selling those shares.</li>
<li>What's Happening: On July 16, the bank reported a revenue increase of 2% Y/Y to $5.411 billion, slightly missing the consensus of $5.412 billion.</li>
<li>What PNC Financial Does: PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1">Insider trades for PNC</a> were monitored using Benzinga Pro..</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="611" height="738" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043601/Screenshot-2024-07-23-at-2.05.55-PM.png" alt="" class="wp-image-450546" style="width:435px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043601/Screenshot-2024-07-23-at-2.05.55-PM.png 611w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23043601/Screenshot-2024-07-23-at-2.05.55-PM-248x300.png 248w" sizes="(max-width: 611px) 100vw, 611px" /></a></figure>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39881526/wall-streets-most-accurate-analysts-say-hold-these-3-utilities-stocks-with-over-5-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Say Hold These 3 Utilities Stocks With Over 5% Dividend Yields</a></li>
</ul>

Short Ideas

Insider Trades

Best Buy, Kroger And 2 Other Stocks Insiders Are Selling

JP Morgan analyst Tami Zakaria maintains Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) with a Neutral and raises the price target from $59 to $65.

JP Morgan Maintains Neutral on Terex, Raises Price Target to $65

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/40545/000004054524000174/ge2q2024earningsrelease.htm" rel="noreferrer noopener">reported </a>second-quarter 2024 adjusted revenue growth of 4% year-over-year to $8.22 billion, missing the consensus of $8.462 billion.
Total orders increased 18% year-over-year to $11.2 billion, with Commercial Engines &amp; Services +38% and Defense &amp; Propulsion Technologies -25%.
Sales by segments: Commercial Engines &amp; Services $6.132 billion (+7% YoY) and Defense &amp; Propulsion Technologies $2.401 billion (+1% YoY).
GE Aerospace&#8217;s adjusted profit margin expanded 560 bps to 23.1%, with an adjusted operating profit of $1.897 billion, up 37% YoY.
GE Aerospace reported double-digit growth in orders, operating profit, and free cash flow, leading to an increase in full-year profit and cash flow guidance.
&#8220;We are accelerating our actions and leveraging FLIGHT DECK to unlock supply constraints and fully meet customer demand. I am confident that advancing our strategic priorities for today, tomorrow and the future, will enable us to meet the needs of our customers and create exceptional value for shareholders,&#8221; commented GE Aerospace Chairman and CEO H. Lawrence Culp, Jr.&nbsp;
Adjusted EPS was $1.20 (+61% YoY), <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of $0.99.</a>
GE Aero&#8217;s cash from operating activities for the six months ended June 30, 2024, stood at $2.586 billion (+65% YoY), while free cash flow was $2.767 billion (+56% YoY).
The company repurchased ~13.9 million shares for $2.3 billion in the quarter, including 11.7 million shares for $1.9 billion under the $15 billion repurchase program announced in March 2024.
During the quarter, GE <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39860866/ge-aerospace-commits-1b-to-enhance-global-repair-and-overhaul-facilities" rel="noreferrer noopener">announced $1 billion in investments to expand MRO facilities globally</a>.
At the Farnborough Airshow, the company secured major engine agreements with British Airways, Japan Airlines, Turkish Airlines, and National Airlines. It also advanced CFM RISE technologies, completed significant wind tunnel tests, and announced a new supercomputing agreement with the U.S. Department of Energy.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39880146/ge-aerospace-invests-in-supercomputing-talent-plans-to-hire-900-engineers" rel="noreferrer noopener">GE Aerospace Invests In Supercomputing Talent: Plans To Hire 900 Engineers</a>
2024 Guidance, revised: GE expects Adjusted revenue growth in high single digits (down from low double digits+ prior), Adjusted EPS of $3.95-$4.20<a href="https://www.benzinga.com/calendars/guidance"> ($3.80-$4.05 prior) Vs. $4.08 consensus.</a>
The company now expects an operating profit of $6.5 billion-$6.8 billion (prior $6.2 billion-$6.6 billion) and a Free Cash Flow of $5.3 billion-$5.6 billion.
Price Action: GE shares are trading higher by 1.77% at $165.64 premarket at the last check Tuesday.

Movers

GE Aerospace Q2 Earnings: EPS Beat, Order Growth, Hikes Annual Profit And Cash Flow Outlook

Earnings Beats

CORRECTION: Lockheed Martin Q2 2024 Adj EPS $7.11 Beats $6.46 Estimate, Sales $18.1B Beat $17.044B Estimate

JP Morgan analyst Samik Chatterjee maintains Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Neutral and raises the price target from $120 to $145.

JP Morgan Maintains Neutral on Teradyne, Raises Price Target to $145

Graphene Manufacturing appoints Brandon Leong as CFO

These Basic Materials stocks are trading higher:-Scotts Miracle-Gro Co (SMG) stock is trading at $53.97, a gain of $9.52, or 20.45%, on high volume.  Scotts Miracle-Gro Company gets a Sentiment Score of Very Bearish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $

Basic Materials Stocks Moving Wednesday: SMG, CGAU, GMGMF, AXTA, SSRM, PRM, FQVLF, SXC

These Basic Materials stocks are trading higher:-Enviva Inc (EVA) stock is trading at $4.72, an increase of $0.81, or 20.72%, on low volume.  Enviva Partners LP gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Buy with a price target of $12.17. Enviva Partners LP ne

Basic Materials Stocks Making Moves Friday: EVA, TMC, MERC, KWR, ASIX, ZEUS, GMGMF, TMST

Graphene Manufacturing names Joshua George as chief financial and commercial officer

ASIX

AXTA

CGAU

FQVLF

MERC

SSRM

TMST

ZEUS

Press Releases

OTC Markets Group Welcomes Graphene Manufacturing Group Ltd. to OTCQX

GMG's THERMAL-XR(R) Energy Savings Coating Wins Industry Product Excellence Award

OTCM

TSXV:GMG

Graphene Manufacturing Gr

Financial media and data company&nbsp;Benzinga&nbsp;is capitalizing on its mission to bridge&nbsp;the gap between retail and institutional investors by holding&nbsp;<a href="https://www.benzinga.com/events/listmakers/">free virtual events</a>&nbsp;featuring speakers from&nbsp;innovative companies.

On Wednesday, Benzinga held its &quot;<a href="https://www.youtube.com/watch?v=6GhU2X8pGXs">2022 Electric Vehicle Listmaker Event</a>,&quot; featuring cutting-edge companies driving the EV industry forward.&nbsp;

This year&#39;s EV Listmakers have made significant contributions toward vehicle electrification&nbsp;and are being&nbsp;recognized in one of four&nbsp;categories: &quot;EV Manufacturers,&quot; &quot;Charging Companies,&quot;&nbsp;&quot;EV Tech &amp; Software Companies&quot; and &quot;Battery &amp; Battery Materials Manufacturers.&quot;

Watch the full event here:

<iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" frameborder="0" height="315" src="https://www.youtube.com/embed/6GhU2X8pGXs?start=139" width="560"></iframe>

Here&#39;s a look at the 2022 EV Listmakers.

<h3>EV Manufacturers</h3>

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)

<ul>
	<li>Tesla is a vertically integrated sustainable energy company&nbsp;based in&nbsp;Palo Alto, California. The company&nbsp;aims to transition the world to electric mobility by making electric vehicles.</li>
</ul>

Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)

<ul>
	<li>Founded in 1937, Toyota is one of the world&#39;s largest automakers, with 9.92 million units sold at retail in fiscal 2021 across its light vehicle brands. The company&#39;s&nbsp;market share in&nbsp;Japan&nbsp;is about 52%, while its U.S. share is over 15%.&nbsp;</li>
</ul>

Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>)

<ul>
	<li>In&nbsp;March 2022&nbsp;the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor Company. The company has about 12.5% market share in&nbsp;the United States, about 6.5% share in&nbsp;Europe, and about 2.4% share in&nbsp;China.</li>
</ul>

Lucid Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>)

<ul>
	<li>Lucid is developing&nbsp;the next generation of electric vehicle&nbsp;technologies. It&#39;s&nbsp;a vertically integrated company that designs, engineers&nbsp;and builds electric vehicles, EV powertrains&nbsp;and battery systems in-house using its&nbsp;own equipment and factory.</li>
</ul>

Rivian Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>)

<ul>
	<li>Rivian&nbsp;designs, develops and manufactures category-defining electric vehicles and accessories. The company&#39;s unique electric truck design sets it apart from the&nbsp;competition. Rivian is backed by&nbsp;Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).&nbsp;</li>
</ul>

XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>)

<ul>
	<li>XPeng is a smart electric vehicle company designing, developing, manufacturing&nbsp;and marketing smart electric vehicles in&nbsp;China.</li>
</ul>

Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>)

<ul>
	<li>Nio&nbsp;operates in&nbsp;China&#39;s&nbsp;premium electric vehicle market. The company designs,&nbsp;jointly manufactures&nbsp;and sells smart and connected premium electric vehicles, driving innovations in&nbsp;next-generation technologies in connectivity, autonomous driving&nbsp;and artificial intelligence.</li>
</ul>

Arcimoto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUV#NASDAQ">FUV</a>)

<ul>
	<li>Arcimoto&nbsp;is engaged in the business of manufacturing ultra-efficient three-wheeled electric vehicles. The company&#39;s flagship&nbsp;product, the&nbsp;Fun Utility Vehicle (FUV), is designed to make&nbsp;everyday consumer trips&nbsp;fun, easier and more affordable.&nbsp;</li>
</ul>

Mullen Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>)

<ul>
	<li>Mullen is engaged in manufacturing electric vehicles and energy solutions. Mullen&nbsp;CEO&nbsp;David Michery&nbsp;teased an unannounced customer order during the Listmaker event.&nbsp;&quot;A fairly large company will be buying the company&#39;s van vehicles in the close future,&quot; Michery said.</li>
</ul>

Helbiz Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLBZ#NASDAQ">HLBZ</a>)

<ul>
	<li>Helbiz&nbsp;provides electric micro-mobility services. The company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform.</li>
</ul>



<h3>Charging Companies</h3>

EVgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>)

<ul>
	<li>EVgo operates&nbsp;a public fast-charging network for electric vehicles powered by renewable energy.</li>
</ul>

ChargePoint Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>)

<ul>
	<li>ChargePoint&nbsp;is an EV charging network provider committed to enabling the electrification of mobility for all people and goods. The company is&nbsp;creating a new fueling network to move people and goods on electricity.</li>
</ul>

Allego NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NYSE">ALLG</a>)

<ul>
	<li>Allego&nbsp;delivers charging solutions for electric cars, motors, buses&nbsp;and trucks, as well as for consumers, businesses&nbsp;and cities. The company&#39;s&nbsp;end-to-end charging solutions make it easier for companies and cities to deliver the infrastructure drivers need.</li>
</ul>


<h3>EV Tech &amp; Software Companies</h3>

Luminar Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>)

<ul>
	<li>Luminar&nbsp;is an autonomous vehicle sensor and software company with the vision to make autonomy safe and ubiquitous by delivering lidar and associated software that meets the industry&#39;s stringent performance, safety, and economic requirements.</li>
</ul>

Mobileye

<ul>
	<li>Mobileye&nbsp;develops autonomous driving technologies and advanced driver-assistance systems including cameras, computer chips and software. Mobileye was acquired by Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) in 2017.</li>
</ul>

Wejo Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEJO#NASDAQ">WEJO</a>)

<ul>
	<li>Wejo&nbsp;operates in connected vehicle data. The company&nbsp;enables smarter mobility by organizing 12 trillion data points across vehicles globally&nbsp;and then standardizing and enhancing those streams of data on a vast scale.</li>
</ul>

Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)

<ul>
	<li>Microsoft develops and licenses consumer and enterprise software designed to advance the EV industry. The company has partnered with legacy automakers to help accelerate self-driving vehicle technology.</li>
</ul>

Embark Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBK#NASDAQ">EMBK</a>)

<ul>
	<li>Embark&nbsp;is engaged in providing software and associated services that power self-driving trucks.</li>
</ul>



<h3>Battery &amp; Battery Materials Manufacturers</h3>

Li-Cycle Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>)

<ul>
	<li>Li-Cycle&nbsp;is&nbsp;the leading lithium-ion battery recycler. The company&#39;s&nbsp;proprietary &quot;Spoke and Hub&quot; recycling process is designed&nbsp;to process battery manufacturing scrap and end-of-life batteries to produce &quot;black mass&quot; and other intermediate products.</li>
</ul>

FREYR Battery (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FREY#NYSE">FREY</a>)

<ul>
	<li>FREYR Battery&nbsp;designs and manufactures high-density and cost-competitive lithium-ion batteries with a reduced carbon footprint for the global electric mobility market.&nbsp;</li>
</ul>

KULR Technology Group Inc (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>)

<ul>
	<li>KULR develops and commercializes high-performance thermal management technologies for electronics, batteries, and other components.&nbsp;</li>
</ul>

Worksport Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>)

<ul>
	<li>Worksport&nbsp;is engaged in the business of auto parts manufacturing. The company designs and distributes pickup truck covers called tonneau covers throughout&nbsp;the United States&nbsp;and&nbsp;Canada.</li>
</ul>

Graphene Manufacturing Group Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GMGMF#OTC">GMGMF</a>)

<ul>
	<li>Graphene Manufacturing&nbsp;is a clean-technology focused company which aims to offer energy-saving products and solutions and energy storage products, enabled by Graphene manufactured in-house via a proprietary production process.</li>
</ul>

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Latest news for Graphene Manufacturing Gr (OTC:GMGMF) Stock

Wednesday, March 30, 2022