Johnson Electric Hldgs Stock (OTC: JEHLY)

Latest news for Johnson Electric Hldgs (OTC:JEHLY) Stock

Johnson Electric Holdings Ltd, along with its subsidiaries, is engaged in the manufacturing and selling of electro-mechanical motion systems and solutions. The company is organized into two business units: Automotive Products Group and Industry Products Group of which Automotive Products Group contributes the vast majority of its total revenue. Its automotive products include cooling fans, electric power steering motors, headlamp actuators, transmission and driveline actuators. Its industry segment offers medical devices, circuit breakers, power tools, industrial and laboratory equipment, building automation, and optronics. Geographically, the company generates revenue from North America, the People's Republic of China, South America, Asia-Pacific, Europe, the Middle East and Africa.

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JOHNSON EL HLDG UNSP/ADR by Johnson Electric Holdings Ltd.

Johnson Electric Holdings Ltd

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.

Price Target

Analyst Ratings

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.

Earnings

Equities

Guidance

GE Aerospace Reports Mixed Q2 Results, Raises Full-Year Profit and Cash Flow Guidance

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

JP Morgan analyst Steven Alexopoulos maintains HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) with a Underweight and raises the price target from $21 to $24.

JP Morgan Maintains Underweight on HBT Finl, Raises Price Target to $24

<ul>
<li>TSLA</li>
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Top 10 Trending Stocks On WallStreetBets As Of July 23 2024 (Via Swaggy Stocks)

CrowdStrike Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) shares are trading higher Tuesday, bouncing back after facing heavy selling pressure on consecutive days following last week&#8217;s&nbsp;<a href="https://www.benzinga.com/news/24/07/39870313/microsoft-crowdstrike-issue-caused-largest-it-outage-in-history-showing-how-much-we-depend-on-a-hand">global IT outage</a>.
What To Know: CrowdStrike shares fell 11% on Friday and another 13.5% on Monday as investors continued to dump shares after a CrowdStrike update at the end of last week led to a major outage that impacted businesses across the world.
CrowdStrike CEO&nbsp;George Kurtz&nbsp;said the outage was caused by &#8220;a defect found in a single content update,&#8221; confirming that it was not a security incident or cyberattack.&nbsp;
Baird analyst Shrenik Kothari maintained CrowdStrike with an <a href="https://www.benzinga.com/analyst-stock-ratings">Outperform</a> on Tuesday and lowered the price target from&nbsp;$350&nbsp;to&nbsp;$335. HSBC analyst Stephen Bersey downgraded CrowdStrike from Buy to Hold and lowered the price target from&nbsp;$388&nbsp;to&nbsp;$302.
The analysts join a growing group to weigh in on CrowdStrike stock following the IT outage. Several analysts have adjusted price targets in recent days ranging from $300 to $405. With the stock trading in the $260s, the selloff appears to be overdone from an analyst perspective, which may help explain some of the bounce back in shares Tuesday. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39897729/crowdstrike-ceo-george-kurtz-to-testify-before-congress-on-faulty-update-causing-global-disrupti">CrowdStrike CEO George Kurtz To Testify Before Congress On Faulty Update Causing Global Disruptions</a>
CrowdStrike is not due to report earnings for the second quarter until sometime near the end of August. The company is expected to report earnings of 98 cents per share and revenue of $959.985 million, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
It&#8217;s worth noting that CNBC&#8217;s Jim Cramer on Monday <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39888488/jim-cramer-applauds-crowdstrikes-response-to-global-it-outage-sees-swift-recovery-ahead-">predicted</a> that CrowdStrike shares are poised for a swift recovery given the company&#8217;s &#8220;unbelievable technology.&#8221; He applauded the company&#8217;s response to the outage and suggested people will forget about it and return to CrowdStrike in about three months. 
CRWD Price Action: <a href="http://benzinga.com/quote/crwd">CrowdStrike shares</a> were up 1.74% at $268.50 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

What's Going On With CrowdStrike Stock Today?

The EPA certified B4 provides one of the strongest warranties in the commercial market today
Warranty includes: Bumper-to-bumper, 3-year/36,000-miles; powertrain, 5-year/50,000-mile; high-voltage battery, 8-year/100,000-miles; frame rails and cross-members, 5-years/unlimited miles; corrosion (perforation only), 5-years/unlimited miles
 &nbsp;
BREA, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- via IBN -- <a href="https://www.globenewswire.com/Tracker?data=FemwffgAZfur-jNv-p_eDwDrcH5ymv_CY6r2Hlibidjr5zS2bAzebAfwLxjamHlcvGQBWaQkJOOCNgMtY1Im_ZSh3iEdvCgDwBXoXiVsoZ0=">Mullen Automotive, Inc.</a> (NASDAQ:<a href="https://www.globenewswire.com/Tracker?data=yg15B7vxeNheZkYkBY0hyo7U2ig2tT0utegn2B7jMBMLNL__qRwjHTeeIyRkH8TCf8UoeEvLgPKbeGGS0XeiZ4DNPcin2jt2KCPVKbYQbcE="> MULN</a>) ("Mullen" or the "Company"), an electric vehicle ("EV") manufacturer, announces today its subsidiary, Bollinger Motors ("Bollinger"), releases its full warranty coverage on the Bollinger B4 Chassis Cab, the company's all-new, all-electric Class 4 commercial truck.
Under the warranty, Bollinger will provide comprehensive, competitive coverage for:
<ul>
<li>Bumper-to-bumper: 3-year/36,000-miles</li>
<li>Powertrain: 5-year/50,000-miles</li>
<li>High-voltage battery: 8-year/100,000-miles</li>
<li>Air conditioning: 5-year/50,000-miles</li>
<li>Frame rails and cross-members: 5-years/unlimited miles</li>
<li>Corrosion (perforation only): 5-years/unlimited miles</li>
<li>Tires: 4-years/unlimited miles</li>
</ul>

MULN

Mullen's Bollinger Motors, Announces Warranty Coverage For B4 Chassis Cab EV Truck

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies. `
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 oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Luxurban Hotels Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUXH#NASDAQ">LUXH</a>)</h3>
<ul>
<li>On July 16, LuxUrban Hotels announced the closing of public offering of securities. The company's stock fell around 20% over the past five days and has a <a href="https://www.benzinga.com/quote/LUXH">52-week low of $0.14</a>.</li>
<li>RSI Value: 29.50</li>
<li>LUXH Price Action: Shares of Luxurban Hotels fell 4.9% to close at $0.15 on Monday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest Luxurban Hotels news.</li>
</ul>
<h3 class="wp-block-heading">Generation Income Properties Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIPR#NASDAQ">GIPR</a>)&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On June 6, Maxim Group analyst Michael Diana downgraded Generation Income from Buy to Hold. The company's stock fell around 14% over the past five days. It <a href="https://www.benzinga.com/quote/GIPR">has a 52-week low</a> of $2.90.</li>
<li>RSI Value: 28.61</li>
<li>GIPR Price Action: Shares of Generation Income Properties fell 5.4% to close at $3.36 on Monday.</li>
<li>Benzinga Pro's charting tool helped identify the trend in Generation Income Properties stock.</li>
</ul>
<h3 class="wp-block-heading">Medalist Diversified REIT Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDRR#NASDAQ">MDRR</a>)</h3>
<ul>
<li>On July 5, Medalist Diversified REIT announced a dividend of 5 cents per share on its common stock and 50 cents per share on its Series A Preferred stock. The company's stock dipped around 2% over the past five days and has a 52-week <a href="https://www.benzinga.com/quote/MDRR">low of $8.24</a>.</li>
<li>RSI Value: 28.13</li>
<li>MDRR Price Action: Shares of Medalist Diversified REIT closed at $12.20 on Monday.</li>
<li>Benzinga Pro's signals feature notified of a potential breakout in MDRR shares.</li>
</ul>
<h3 class="wp-block-heading">Safe &amp; Green Development Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>)</h3>
<ul>
<li>On July 22, Safe and Green Development announced their participation in the $400 million Pigmental Studios Development project set in St Mary&#8217;s, coastal Georgia. The company's shares lost around 24% over the past five days. The company's 52-week low is $0.29.</li>
<li>RSI Value: 25.57</li>
<li>SGD Price Action: Shares of Safe &amp; Green Development fell 16.3% to close at $0.30 on Monday.</li>
<li>Benzinga Pro's earnings calendar was used to track SGD upcoming earnings report.</li>
</ul>
Read Next: 
<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>

Long Ideas

Pre-Market Outlook

GIPR

LUXH

MDRR

Top 4 Real Estate Stocks Which Could Rescue Your Portfolio In Q3

NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) shares are trading lower Tuesday after the company reported mixed second-quarter financial results and <a href="https://www.benzinga.com/pressreleases/24/07/g39893177/nxp-semiconductors-reports-second-quarter-2024-results">issued soft guidance</a>.
What Happened: NXP reported second-quarter revenue of $3.127 billion, beating analyst estimates of $3.125 billion. The company&#8217;s top-line results were down 5% on a year-over-year basis. 
NXP reported adjusted earnings of $3.20 per share, missing analyst estimates of $3.21 per share, per&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
NXP said cash flow from operations came in at $761 million. The company also generated $577 million of free cash flow during the quarter.&nbsp;
"NXP delivered quarterly revenue of&nbsp;$3.13 billion, consistent with our&nbsp;guidance, with all our focus end-markets performing in-line with our expectations," said&nbsp;Kurt Sievers, president and CEO of NXP.
"With our&nbsp;second-quarter&nbsp;results and&nbsp;guidance&nbsp;for the&nbsp;third quarter,&nbsp;NXP has successfully navigated the cyclical trough in our businesses and we expect to resume sequential growth. We continue to manage what is in our control enabling NXP to drive resilient profitability and earnings in a challenging demand environment."
Related Link: <a href="https://www.benzinga.com/markets/equities/24/07/39900682/nxp-semiconductor-shares-plunge-7-7-in-pre-market-on-lower-q3-revenue-forecast-amid-automotive-s">NXP Semiconductor Shares Plunge 7.7% In Pre-Market On Lower Q3 Revenue Forecast Amid Automotive Sector Struggles</a>
NXP expects third-quarter revenue to be in the range of $3.15 billion to $3.35 billion versus estimates of $3.35 billion. The company sees third-quarter adjusted earnings in the range of $3.21 to $3.63 per share versus estimates of $3.56 per share.
Following the print, Cantor Fitzgerald analyst CJ Muse reiterated NXP Semiconductors with an <a href="https://www.benzinga.com/analyst-stock-ratings">Overweight</a> and maintained a price target of&nbsp;$350.
NXPI Price Action: NXP Semiconductors shares were down 7.42% at $262.75 at the time of writing Tuesday morning, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: Shutterstock.

NXPI

NXP Semi Stock Is Sliding Tuesday: What's Going On?

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) has been a huge winner and recommended holding the stock. &#8220;It does have trouble <a href="https://www.benzinga.com/markets/equities/24/07/39788420/salesforce-slashes-300-jobs-emphasizes-cost-control-amid-tech-slowdown-report">getting traction,&#8221; he added</a>.
Salesforce reportedly cut around 300 roles to streamline operations, highlighting the tech industry's ongoing focus on cost control.
ADMA Biologics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADMA#NASDAQ">ADMA</a>) has been a rocket, Cramer said. &#8220;If I were you, I would take some off the table.&#8221;
On May 9, ADMA Biologics reported better-than-expected first-quarter financial results and issued strong FY24 and FY25 revenue guidance.
When asked about Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>), he said, &#8220;I would actually take some off the table. It's another part of this big small cap rally that we keep talking about. I think it's gotten ahead of itself.&#8221;
Ouster will report its financial results for the second quarter after the closing bell on Tuesday, Aug. 13.
The Mad Money host recommended holding on to Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) and not selling it.
Westerville, Ohio-based Vertiv said it will report its second-quarter results before the opening bell on Wednesday, July 24.
Cramer recommended to hold Suncor Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>). &#8220;I think you're in good shape with it,&#8221; he added.
On July 18, Wolfe Research analyst Doug Leggate reinstated Suncor Energy with an Outperform rating.
CAVA Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAVA#NYSE">CAVA</a>) has had a &#8220;very, very big run,&#8221; he said. &#8220;I would just hold on to the stock, and if it dropped anymore I would actually do some buying.&#8221;
On July 16, Morgan Stanley analyst Brian Harbour maintained Cava Group with an Overweight ratingand raised the price target from $85 to $90.
Cramer recommended to buy Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) &#8220;hand over fist.&#8221;
Pinterest will release financial results for the second quarter on Tuesday, July 30 after the closing bell.
Price Action:
<ul>
<li>Salesforce shares gained 2.6% to settle at $254.08 on Monday.</li>
<li>Pinterest shares rose 0.8% to settle at $41.10.</li>
<li>Suncor Energy rose 0.7% to close at $38.78.</li>
<li>Cava shares rose 0.4% to settle at $80.31 on Monday.</li>
<li>ADMA Biologics shares rose 2.9% to close at $13.75 on Monday.</li>
<li>Ouster shares gained 0.9% to settle at $14.17 during Monday's session.</li>
<li>Vertiv shares rose 3% to close at $87.85 on Monday.</li>
</ul>
Read Next: 
<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>

Media

ADMA

CAVA

OUST

PINS

Jim Cramer Recommends Not Selling Vertiv, Says Buy This Social Media Stock 'Hand Over Fist'

Biotech

VIRI

Virios Therapeutics Announces Completion Of Enrollment In Proof Of Concept Long-COVID Study; Top Line Results Expected In October 2024; Study Highlights Potential For Antiviral Therapy To Treat Long-COVID Symptoms

WIIM

SERV

Serve Robotics shares are trading lower after the company announced the pricing of a $15 million private placement.

Several Bitcoin exchange-traded funds (ETFs) <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39839083/bitcoin-etfs-under-fire-economist-predicts-trouble-ahead">experienced substantial inflows</a> on Monday, with BlackRock&#8217;s iShares Bitcoin Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) leading the charge.
What Happened: According to <a href="https://sosovalue.com/assets/etf/us-btc-spot">data </a>from SoSo Value, IBIT saw an impressive inflow of $526.7 million, solidifying its position as the top performer among Bitcoin ETFs.
Other ETFs also registered positive inflows, albeit on a smaller scale. 
Fidelity&#8216;s (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>) attracted $23.72 million, while Invesco&#8216;s (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BTCO#BATS">BTCO</a>) and Franklin Templeton&#8216;s (BATS:<a class="ticker" href="https://www.benzinga.com/stock/EZBC#BATS">EZBC</a>) saw inflows of $13.65 million and $7.87 million respectively.
These figures underscore the growing investor interest in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) through regulated investment vehicles.
The strong performance of Bitcoin ETFs comes at a time when the broader cryptocurrency market is navigating complex dynamics. 
QCP Capital notes that while the spot market reaction to the recent Ethereum ETF launch has been muted, the options market is signaling caution, with volatility increasing and risk reversals dipping.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39905047/michelle-obama-for-democratic-nominee-crypto-bettors-think-her-odds-have-just-tripled">Michelle Obama For Democratic Nominee? Crypto Bettors Think Her Odds Have Just Tripled</a>
Adding to the market complexity, recent movements of significant Bitcoin holdings have caught investors&#8217; attention. 
The U.S. Government transferred 58.742 BTC to Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), while <a href="https://www.msn.com/en-us/money/other/mt-gox-creditors-lean-towards-holding-bitcoin-new-poll-reveals/ar-BB1qecAD">Mt. Gox moved</a> approximately 47,600 BTC to various wallets, including Bitstamp.
These large transfers have the potential to impact market sentiment and price action in the short term.
Despite these potential headwinds, the continued inflows into Bitcoin ETFs suggest a robust appetite for cryptocurrency exposure through traditional financial instruments. 
This trend aligns with broader discussions about the evolving landscape of digital assets and their integration into mainstream finance.
As the cryptocurrency market continues to mature and face new challenges, industry experts and enthusiasts are looking forward to events like Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> conference on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39904047/bitwise-to-donate-10-of-ethereum-etf-profits-to-open-source-developers#google_vignette">Bitwise To Donate 10% Of Ethereum ETF Profits To Open-Source Developers</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

Invesco Galaxy Bitcoin ETF Invesco Galaxy Bitcoin ETF

BTCO

COIN

Franklin Bitcoin ETF Franklin Bitcoin ETF

EZBC

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

IBIT

Bitcoin Stuck Below $67K Despite $526M In ETF Inflows: What Is Going On?

JP Morgan analyst Samik Chatterjee maintains Flex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLEX#NASDAQ">FLEX</a>) with a Overweight and raises the price target from $34 to $40.

FLEX

JP Morgan Maintains Overweight on Flex, Raises Price Target to $40

<a href="https://www.serverobotics.com/">Serve Robotics Inc.</a>&nbsp;("Serve") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>), a leading autonomous delivery robotics company, today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale, in a private placement, of pre-funded warrants to purchase 2,500,000 shares of Serve's common stock (the "Common Stock"), together with a warrants to purchase up to an aggregate of 2,500,000 shares of Common Stock at an exercise price of $6.00 per share. Each pre-funded warrant to purchase one share of Common Stock together with one $6.00 &nbsp;warrant to purchase one share of Common Stock is being sold at a purchase price of $6.00. The $6.00 warrants will have, will be exercisable upon issuance, and will expire five and a half years from the date of issuance.
Aegis Capital Corp. is acting as the exclusive placement agent for the offering. Orrick, Herrington &amp; Sutcliffe LLP served as counsel to the Company and Sichenzia Ross Ference Carmel LLP served as counsel to Aegis Capital Corp. for the private placement.
The offering is expected to close on or about July 24, 2024, subject to satisfaction of customary closing conditions. The gross proceeds to Serve Robotics from this offering are expected to be approximately $15.0 million, before deducting placement agent fees and other offering expenses.

Offerings

Serve Robotics Announces Pricing Of $15M Private Placement Of Pre-funded Warrants To Purchase 2.5M Shares Of Serve's Common Stock, Together With A Warrants To Purchase Up To An Aggregate Of 2.5M Shares Of Stock At A Price Of $6/Share

CORRECTION: GE Aerospace Revises FY24 Outlook: Revenue Growth In High Single Digits (From Low Double Digits Prior), Adj. EPS $3.95-$4.20 (Up From $3.80-$4.05 Prior) Vs. $4.08 Estimate

NMHI

Nature's Miracle Holding shares are trading higher after the company announced it shipped the first unit of its Efinity brand dehumidifier product to Fiacre.

JP Morgan analyst Michael Rehaut maintains D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a Neutral and raises the price target from $163 to $180.

JP Morgan Maintains Neutral on D.R. Horton, Raises Price Target to $180

Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) shares popped premarket Tuesday in sympathy with shares of General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), which jumped after the company reported strong second-quarter <a href="https://www.benzinga.com/pressreleases/24/07/n39901339/gm-releases-2024-second-quarter-results-and-raises-full-year-guidance">earnings results and raised guidance</a>.
What Happened With GM: General Motors reported second-quarter revenue of $47.969 billion, beating analyst estimates of $45.302 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The automaker reported quarterly adjusted earnings of $3.06 per share, beating estimates of $2.72 per share. 
&#8220;As I hope you can see from our results, our new products, the progress at Cruise and our higher guidance, we are making the most of every opportunity. It was truly a great first half. And we have the products, discipline and strategies to drive future success,&#8221; said Mary Barra, chair and CEO of GM.
GM raised its 2024 adjusted earnings guidance from a range of $9 to $10 per share to a new range of $9.50 to $10.50 per share versus estimates of $9.71 per share. 
GM raised its 2024 EBIT-adjusted&nbsp;guidance&nbsp;from&nbsp;a range of $12.5 billion to $14.5 billion&nbsp;to a new range of&nbsp;$13 billion to $15 billion. The company also raised its 2024 automotive operating cash flow guidance from a range of $18.3 billion to $21.3 billion to a new range of $19.2 billion to $22.2 billion. 
GM shares were up about 4.5% on the back of earnings at last check. GM and Ford are two of the biggest automakers in the United States. 
Check This Out: <a href="https://www.benzinga.com/news/24/07/39903020/gms-cruise-abandons-pedal-less-origin-autonomous-vehicle-pivots-to-next-generation-chevrolet-bolt-in">GM&#8217;s Cruise Abandons Pedal-less Origin Autonomous Vehicle, Pivots To Next-Generation Chevrolet Bolt Instead</a>
What To Expect From F: Ford is due to report <a href="https://www.benzinga.com/calendars/earnings">financial results for the second quarter</a> after the market close on Wednesday. 
Analysts expect the automaker to report earnings of 68 cents per share on quarterly revenue of $43.756 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
In the second quarter of 2023, Ford beat analyst estimates on the top and bottom lines, delivering earnings of 72 cents per share and revenue of $42.427 billion. 
F Price Action: <a href="http://Benzinga.com/quote/F">Ford shares</a> pared gains and were roughly flat at $14.11 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: courtesy of Ford.

Previews

What's Going On With Ford Stock Tuesday?

Johnson Electric Holdings goes ex-dividend tomorrow

In light of General Electric's (GE) recent strategic collaborations and robust financial performance in the last reported quarter, would it be prudent to consider acquiring more of its shares before its earnings release tomorrow? Read more to find out... General Electric Company (<a href="https://stocknews.com/stock/GE/">GE</a>) is set to unveil its fiscal 2023 fourth-quarter earnings on January 23, projecting a revenue of $17.67 billion and an expected EPS of $0.89. Looking ahead, estimates for the fiscal 2024 first quarter indicate a 9.6% revenue increase to $15.88 billion and a significant 155.1% surge in EPS to $0.69 year-over-year.
Additionally, on January 15, 2024, Kuwait's Ministry of Electricity, Water, and Renewable Energy achieved a significant milestone by completing upgrades to four 9F.03 class gas turbines at the Sabiya Combined Cycle Power Plant, a project spearheaded by a multiyear service agreement between Alghanim International and GE.
These enhancements, part of Kuwait's broader initiative to modernize its power generation infrastructure, are poised to elevate the power plant's block output by up to 6.3%, concurrently reducing the heat rate by as much as 1.8%. This translates to a remarkable increase in power production, contributing an additional 70 megawatts (MW).
This outcome is tantamount to taking approximately 16,000 cars off Kuwait's roads. GE stands to gain significantly from this venture, as its technological contributions would enhance the power plant's performance, aligning with global sustainability goals and establishing it as a key player in Kuwait's ongoing energy transformation.
Additionally, on January 9, it was reported that GE secured a landmark deal to construct hundreds of turbines for the SunZia Wind Project, marking the largest onshore wind turbine order in the Western Hemisphere. The agreement, part of an equipment order and pact with Pattern Energy, reinforces GE's position in the renewable energy sector.
The 674 turbines involved in this project are anticipated to generate an unprecedented amount of electricity upon the project's completion in 2026. The strategic collaboration would position GE as a key player in shaping the future of sustainable energy production in the region.
Shares of GE have gained 18.1% over the past six months and 68.9% over the past year to close the last trading session at $129.81.
Here are the other financial aspects of GE that could influence its performance in the near term:
Strong Financials
For the fiscal 2023 third quarter that ended September 30, 2023, GE's total revenues increased 19.9% year-over-year to $17.35 billion. Net earnings attributable to GE common shareholders and net earnings per share amounted to $258 million and $0.23, up 193.2% and 187.5% from the prior year's quarter, respectively.
Solid Historical Growth
GE's revenue and EBITDA increased at CAGRs of 1.1% and 26.2%, respectively. In addition, the company's net income and EPS grew at respective CAGRs of 38% and 44.7% over the same time frame.
Optimistic Analyst Estimates
The consensus revenue estimate of $71.11 billion for the fiscal year ending December 2024 indicates a 9.2% year-over-year increase. Likewise, the consensus EPS estimate of $4.62 for the ongoing year exhibits a 74.1% increase from the prior year. Moreover, the company surpassed its consensus revenue and EPS estimates in three of four trailing quarters.
Robust Profitability
The stock's trailing-12-month EBIT margin of 11.05% is 12.2% higher than the 9.84% industry average. Moreover, its trailing-12-month net income margin of 11.90% is 93.1% higher than the 6.16% industry average. In addition, the stock's trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF</a> margin of 8.73% is 46.1% higher than the 5.98% industry average.
POWR Ratings Exhibit Solid Prospects
GE's sound outlook is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. GE has a B grade for Sentiment, aligning with positive annual estimates from analysts.
GE is ranked #8 out of 35 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry. <a href="https://stocknews.com/stock/GE/">Click here</a> to access GE's Growth, Value, Momentum, Stability, and Quality ratings.
Bottom Line
GE's strategic initiatives are set to fortify its market standing, rendering it an attractive investment opportunity with promising growth potential. Furthermore, backed by a robust financial performance in the latest quarter, strong profitability, and positive fiscal 2024 estimates, investing in GE seems wise.
How Does General Electric Company (GE) Stack Up Against Its Peers?
While GE has an overall grade of B, equating to a Buy rating, you may check out these other A-rated (Strong Buy) stocks within the <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry: Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>), Johnson Electric Holdings Limited (<a href="https://stocknews.com/stock/JEHLY/">JEHLY</a>), and CompX International Inc. (<a href="https://stocknews.com/stock/CIX/">CIX</a>). To explore more Industrial - Manufacturing stocks, <a href="https://stocknews.com/category/industrial-manufacturing/">click here</a>. 
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
GE shares were trading at $131.61 per share on Monday afternoon, up $1.80 (+1.39%). Year-to-date, GE has gained 3.12%, versus a 1.77% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Aanchal Sugandh</h2> <img src='https:/wp-content/uploads/2022/12/Aanchal-Sugandh_Headshot.jpg' style="float:left; padding:5px;width:125px;">Aanchal's passion for financial markets drives her work as an investment analyst and journalist. She earned her bachelor's degree in finance and is pursuing the CFA program.

She is proficient at assessing the long-term prospects of stocks with her fundamental analysis skills. Her goal is to help investors build portfolios with sustainable returns.<a href="https://stocknews.com/authors/?author=aanchal-sugandh">More...</a>The post <a href=https://stocknews.com/news/ge-siegy-jehly-cix-general-electric-ge-quarterly-earnings-watch-buy-sell-or-hold/>General Electric (GE) Quarterly Earnings Watch: Buy, Sell, or Hold</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Johnson Electric Hldgs

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Latest news for Johnson Electric Hldgs (OTC:JEHLY) Stock

Monday, August 05, 2019