Latest news for New Momentum (OTC:NNAX) Stock

New Momentum Corp develops and operates an online ticketing platform named Gagfare.com, which provides a ticketing system for individuals and agencies to search, book, and issue flight tickets and other services. It also offers its services through its app. The company records its revenue from booking income upon the ticket booking service is rendered to travelers. It also records its revenue from the sale of air tickets upon the confirmation and issuance of tickets to the travelers.

NEW MOMENTUM CORP by New Momentum Corporation

New Momentum Corp

Morgan Stanley analyst Ricky Goldwasser upgrades Doximity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) from Underweight to Equal-Weight and raises the price target from $33 to $53.

News

Upgrades

Price Target

Analyst Ratings

DOCS

Morgan Stanley Upgrades Doximity to Equal-Weight, Raises Price Target to $53

Gogoro Forecasts FY24 Gross Margin To Be Materially Negatively Impacted In The Short-term As Result Of Ongoing And Accelerated Battery Upgrade Initiatives

BGNE

BeiGene Intends To Change Name To BeOne Medicines Ltd.; Stock Ticker On Nasdaq To Change To 'ONC'

On Wednesday, November 13th, U.S. markets ended mixed. The Dow and S&amp;P 500 edged higher while the Nasdaq dipped. October CPI data met expectations, supporting bets on a December Fed rate cut. Core CPI rose 0.3%. Consumer discretionary stocks gained, driven by optimism over potential rate cuts.
According to economic data, the annual U.S. inflation rate increased to 2.6% in October, up from 2.4% in September, matching market expectations. The consumer price index (CPI) climbed 0.2% on a monthly basis in October.
Consumer discretionary, energy and real estate led S&amp;P 500 gains Wednesday, while tech and communication services stocks declined.
The Dow Jones Industrial Average was up 0.11% and closed at 43,958.19, the S&amp;P 500 rose 0.02% to 5,985.38, and the Nasdaq Composite declined 0.26% to finish at 19,230.72.
Asia Markets Today
<ul>
<li>On Thursday, Japan&#8217;s Nikkei 225 declined 0.61% and ended the session at 38,504.00, led by losses in the Precision Instruments, Automobiles &amp; Parts, and Power sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 rose 0.37% and ended the day at 8,224.00, led by gains in the IT, Financials and Consumer Discretionary sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 0.02% at 23,555.50, and Nifty 500 was up 0.30% at 21,981.65, led by losses in the Fast Moving Consumer Goods, Healthcare, and Public Sector Undertakings sectors.</li>
<li>China&#8217;s Shanghai Composite declined 1.73% to close at 3,379.84, and the Shenzhen CSI 300 fell 1.73%, finishing the day at 4,039.62.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 1.96% and closed the session at 19,435.81.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 1.27%.</li>
<li>Germany&#8217;s DAX gained 1.27%.</li>
<li>France&#8217;s CAC rose 0.86%.</li>
<li>U.K.&#8217;s FTSE 100 index traded higher by 0.20%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.18% at $68.55/bbl, and Brent was up 0.19% at $72.44/bbl.</li>
<li>Oil prices steadied as a strong U.S. dollar and rising U.S. Treasury yields pressured the market.</li>
<li>Natural Gas declined 1.24% to $2.946.</li>
<li>Gold was trading lower by 1.43% at $2,549.60, Silver declined 2.42% to $29.922, and Copper slipped 1.83% to $4.0088.</li>
<li>Gold fell to a two-month low as a stronger dollar and sticky U.S. inflation data weighed on prices. Copper hit a three-month low on weak Chinese stimulus and tariff concerns.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures increased 0.13%, S&amp;P 500 futures up 0.10% and Nasdaq 100 futures rose 0.08%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index gained 0.52% to 107.03, the USD/JPY rose 0.45% to 156.16, and the USD/AUD rose 0.40% to 1.5481.</li>
<li>The U.S. dollar reached a one-year high, driven by inflation data and Trump&#8217;s election win. Yen neared intervention levels as USD/JPY surged.</li>
</ul>
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Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Dollar Hits One-Year High; China Falls, Gold Hits Two-Month Low - Global Markets Today While US Slept

Mizuho Financial Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) reported quarterly earnings of $0.15 per share which beat the analyst consensus estimate of $0.11 by 36.36 percent. The company reported $14.809 billion in sales this quarter. This is a 10.31 percent decrease over sales of $16.511 billion the same period last year.

Earnings

Earnings Beats

Mizuho Financial Gr Q2 2024 GAAP EPS $0.15 Beats $0.11 Estimate, Sales $14.809B Down From $16.511B YoY

TD Cowen analyst Floris Van Dijkum downgrades Kronos Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRON#NASDAQ">KRON</a>) from Buy to Hold.

Downgrades

KRON

TD Cowen Downgrades Kronos Bio to Hold

In the third quarter of 2024, the Company made difficult, but essential, decisions to align with its renewed focus. Notably, SINTX made the decision to cease operations of its armor division and recorded a one-time $4.5 million impairment charge.&nbsp;
This move aligns with SINTX's emphasis on reallocating resources towards the medical device market, where the Company sees the greatest potential for impactful, sustainable growth.&nbsp;
Additionally, a reduction in workforce during Q3 positions the company for a leaner, more efficient structure, supporting ongoing cost optimization efforts.

SINT

SINTX Technologies Continues To Restructure Its Operations; Says Made The Decision In Q3 To Cease Operations Of Its Armor Division And Reduce Workforce

Gogoro Lowers FY24 Outlook: Sees Revenues Of $305M-$315M Vs. $328.878M Estimate (Prior View: $320M-$345M)

OneConnect Financial Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFT#NYSE">OCFT</a>) reported quarterly losses of $(0.11) per share. This is a 67.34 percent increase over losses of $(0.35) per share from the same period last year. The company reported $58.23 million in sales this quarter. This is a 99.95 percent decrease over sales of $116.60 billion the same period last year.

OCFT

OneConnect Financial Tech Q3 EPADS $(0.11) Up From $(0.35) YoY, Sales $58.23M Down From $116.60B YoY

Guidance

EWCZ

European Wax Center Reaffirms FY24 Revenue Guidance Of $216M-$221M Vs $218.4M Est.

McDonald's USA Lopez Foods, and Syngenta North America today announced a collaboration that aims to increase feed efficiency and help reduce the amount of greenhouse gas emissions released per pound of meat produced, as part of efforts to improve the sustainability of beef production.

McDonald's USA, Syngenta, Lopez Foods Collaborate to Help Produce Beef More Sustainably in the US

NXPL

NextPlat Q3 EPS $(0.22) Down From $0.17 YoY, Sales $15.4M Up From $15.3M YoY

Gogoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GGR#NASDAQ">GGR</a>) reported quarterly losses of $(0.06) per share. This is a 500 percent decrease over losses of $(0.01) per share from the same period last year. The company reported $86.86 million in sales this quarter. This is a 5.33 percent decrease over sales of $91.75 million the same period last year.

Gogoro Q3 EPS $(0.06) Down From $(0.01) YoY, Sales $86.86M Down From $91.75M YoY

Compass Point analyst Floris Van Dijkum upgrades BXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>) from Neutral to Buy and raises the price target from $80 to $88.

Compass Point Upgrades BXP to Buy, Raises Price Target to $88

European Wax Center (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) reported quarterly sales of $55.430 million which beat the analyst consensus estimate of $54.162 million by 2.34 percent. This is a 0.52 percent decrease over sales of $55.717 million the same period last year.

European Wax Center Q3 Sales $55.430M Beat $54.162M Estimate

Cantor Fitzgerald analyst Andres Sheppard downgrades Innoviz Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVZ#NASDAQ">INVZ</a>) from Overweight to Neutral.

INVZ

Cantor Fitzgerald Downgrades Innoviz Technologies to Neutral

BTIG analyst Gregory Lewis downgrades Plug Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) from Buy to Neutral.

PLUG

BTIG Downgrades Plug Power to Neutral

Alliance Global Partners analyst Brian Kinstlinger downgrades Boxlight (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOXL#NASDAQ">BOXL</a>) from Buy to Neutral.

BOXL

Alliance Global Partners Downgrades Boxlight to Neutral

<ul>
<li>The strategic investment from Enpower is based on its recently announced long-term strategic partnership and technology development cooperation with EHang, aimed at co-developing high-performance electric motor drive systems for EHang's suite of electric vertical take-off and landing ("eVTOL") aircraft.</li>
<li>Additionally, the strategic investment from the United Arab Emirates ("UAE")-based investor reflects their optimism in China's emerging low-altitude economy industry and EHang's growth potential as a global eVTOL leader. The UAE represents one of EHang's largest international markets with an intentional order book of 100 units with five units delivered. This investor will utilize their extensive financial and business network to assist in EHang's international expansion in other countries in the Middle East as well as in Southeast Asia.</li>
<li>This strategic investment brings EHang's total year-to-date financing to nearly US$100 million, enhancing the Company's financial position as it embarks on its next phase of development and growth in the global UAM industry. The financing proceeds will bolster EHang's efforts to advance the Company's next-generation eVTOL technologies and products, scale production capacity, expand its team, establish new headquarters and operation sites, and support general corporate activities.</li>
<li>Mr. Conor Yang, Chief Financial Officer of EHang, commented, "We are pleased to announce the strategic investment, which is a testament to the investors' confidence in EHang's vision, strength and industry leadership. With this investment, we are well-positioned to capitalize on the vast opportunities in the UAM market and accelerate our development pace. Additionally, the strategic investors' support in the upstream industry chain and in downstream international market development will help us to strengthen our competitive edge. We will continue to push the boundaries of innovation, safety, and sustainability, and work towards making UAM a reality for people around the world."</li>
</ul>

Financing

General

EHang Announced A Strategic Investment Of Over $22M, The Investors Are Zhuhai Enpower Electric And An Institutional Investor From The Middle East

HC Wainwright &amp; Co. analyst Vernon Bernardino reiterates Dyadic International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYAI#NASDAQ">DYAI</a>) with a Buy and maintains $6 price target.

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