Latest news for Objective Corp (OTC:OBCLF) Stock

Objective Corporation is a founder-led technology company providing software and services for compliance with government regulations. Objective's primary business is its content management software for the Australian public sector, which ensures government information can be gathered, located, accessed, supplemented, authored, collaborated on, signed off on, and shared in a compliant manner. Objective also offers products which encompass industry-specific applications of enterprise content management software, such as for assessing building development applications, compiling new regulations and providing ministerial briefs.

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Objective Corp Ltd

Dogecoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) rally in recent weeks lead traders to predict bullish price with a possible <a href="https://www.benzinga.com/money/what-you-need-to-know-about-technical-analysis">golden cross pattern</a> as the catalyst.
What Happened: Trader Kevin analyzed that the meme coin is just two to three green weeks away from experiencing its first weekly golden cross in four years. Kevin further noted that the last time such an event occurred, Dogecoin went on a parabolic run for six straight months, soaring by 18,000%.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> is 2-3 green weeks away from seeing its first weekly golden cross in 4 years. The last time this occurred <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> went parabolic for 6 straight months going up 18,000%. <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://t.co/Ow8JGMPndB">pic.twitter.com/Ow8JGMPndB</a>
&mdash; Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1815925206562591168?ref_src=twsrc%5Etfw">July 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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A golden cross, a bullish signal in technical analysis, happens when a short-term moving average crosses above a long-term moving average.
Another crypto trader <a href="https://x.com/Astro1062/status/1816037674098081798">analyzed</a> the Vigor Index (RVGI) on Dogecoin, which measures the strength and direction of price momentum. Dogecoin&#8217;s chart indicates a momentum shift from bearish to bullish, with a signal that buying pressure is increasing. The result could be &#8220;a potential strong upward move, as buyers are gaining control."
<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/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39891725/dogecoin-up-15-in-7-days-and-one-indicator-shows-it-may-be-primed-for-an-aggressive-up-mov">Dogecoin Up 15% In 7 Days And One Indicator Shows It May Be &#8216;Primed For An Aggressive Up Move&#8217;</a>
Why It Matters: Based on this analysis, Dogecoin could be on the brink of a significant rally. However, market conditions, investor sentiment and other factors can also influence the price of a cryptocurrency.
CoinGecko data <a href="https://www.coingecko.com/en/coins/dogecoin">shows</a> Dogecoin's seven-day performance at +7.1%. IntoTheBlock data shows large transaction volume dropped by 42.5%, while daily active addresses fell by 7.5% and exchange netflows decreased by 115.5%. $3.14 million in Dogecoin positions were liquidated in the past 24 hours.
On Tuesday, Shiba Inu marketing lead Lucie <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39916096/dogecoin-killer-shiba-inu-burn-rate-spikes-1-947-as-marketing-lead-predicts-altcoin-season">predicted</a> an incoming altcoin season.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39839498/is-dogecoin-ready-for-a-violent-move-to-the-upside">Is Dogecoin Ready For A &#8216;Violent Move To The Upside&#8217;?</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

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

Cryptocurrency

News

$DOGE

Dogecoin's First Weekly Golden Cross In Four Years Is '2-3 Green Weeks Away'

WIIM

PCAR

PACCAR shares are trading lower after Truist Securities maintained a Hold rating on the stock and lowered its price target from $115 to $107. The stock may be moving on continued weakness after the company yesterday reported worse-than-expected Q2 financial results.

Shares of Marriott International Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>), Hilton Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), and Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) are <a href="https://www.benzinga.com/topic/hotels">trading lower Wednesday</a>.
About 13,500 unionized hotel workers in four U.S. cities are preparing for strike authorization votes next month as contract negotiations with the above major hotels remain at an impasse.
UNITE HERE, a union representing hotel, casino, and airport workers across the U.S. and Canada, said that the voting will commence in the first week of August in Boston, San Francisco, Honolulu, and Providence, Rhode Island, reported Reuters.
Employees at 125 hotels in these cities are demanding significant pay raises in new contracts to replace those that have expired or will soon expire. 
They also seek improvements in healthcare and pension plans and are pushing for the reversal of pandemic-era cuts such as daily room cleaning.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/07/39833776/hyatt-eyes-standard-international-to-expand-luxury-portfolio-report">Hyatt Eyes Standard International To Expand Luxury Portfolio: Report</a>
&#8220;Frankly, we were insulted with what they came to the table with,&#8221; said Carlos Aramayo, President of UNITE HERE Local 26 in Boston. &#8220;We are very, very far apart from an agreement.&#8221;
A further 26,500 hospitality workers in 16 U.S. cities represented by UNITE HERE are also negotiating new contracts.
A spokesperson from Hyatt expressed disappointment that several UNITE HERE locals have opted to take strike votes, but assured that contingency plans are in place to maintain hotel operations if a strike occurs. 
Hilton emphasized its cooperative and productive relationship with the union.
Price Action: HLT shares are trading lower by 2.12% at $216.03 at last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

What's Going On With Hilton, Marriott And Hyatt Hotel Stocks Today?

Fortive shares are trading lower after the company reported worse-than-expected Q2 sales results and issued FY24 sales guidance below estimates.

TD Cowen analyst Moshe Orenbuch maintains Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) with a Hold and raises the price target from $70 to $76.

Price Target

Analyst Ratings

ENVA

TD Cowen Maintains Hold on Enova International, Raises Price Target to $76

JP Morgan analyst Joseph Greff maintains Red Rock Resorts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) with a Overweight and raises the price target from $62 to $69.

JP Morgan Maintains Overweight on Red Rock Resorts, Raises Price Target to $69

Fabless global technology company Silicon Laboratories Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) reported fiscal second-quarter 2024 sales of $145.37 million, down 40.6% year-over-year, beating the <a href="https://www.benzinga.com/pressreleases/24/07/n39927778/silicon-labs-reports-second-quarter-2024-results" target="_blank" rel="noreferrer noopener">analyst consensus estimate of $140.16 million</a>. 
The fabless global technology company&#8217;s adjusted EPS loss of 56 cents beat the <a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">analyst consensus loss estimate of $(0.64)</a>.
Margins: Adjusted gross margin of 53% and adjusted operating margin loss of 17.3% <a href="https://www.benzinga.com/news/earnings/23/07/33391119/silicon-laboratories-stock-plunges-on-lower-q2-earnings-the-details" target="_blank" rel="noreferrer noopener">fell from 58.9%</a> and 16.3% a year ago, respectively. 
Industrial&nbsp;&amp; Commercial&nbsp;revenue for the quarter was $88 million, down from $165 million a year ago. Home&nbsp;&amp; Life&nbsp;revenue for the quarter was $57 million, down from $80 million a year earlier.
CEO Matt Johnson said, &#8220;Looking forward, we expect revenue growth to continue in the third quarter as excess inventory is further reduced, design wins continue ramping, and bookings improve.&#8221;
Outlook: Silicon Lab expects&nbsp;a&nbsp;third-quarter revenue of $160 million&nbsp;– $170&nbsp;million below the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of $172.76 million</a>.
The company projects an adjusted EPS loss of 10 cents – 30 cents against the consensus loss estimate of $(0.18).
Silicon Laboratories stock plunged over 25% in the last 12 months.
Price Action: SLAB shares closed lower by 0.53% at $116.24 at Tuesday.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/04/38438314/silicon-laboratories-poised-for-growth-eyeing-strong-iot-expansion-analyst" target="_blank" rel="noreferrer noopener">Silicon Laboratories Poised for Growth, Eyeing Strong IoT Expansion: Analyst</a></li>
</ul>

Earnings

Guidance

SLAB

Silicon Labs CEO Foresees Improvement As Inventory Reduces and Bookings Rise

Macro Economic Events

Econ #s

Economics

USA Gasoline Inventories A Draw Of 5.572M Vs Build Of 3.328M Prior

<a href="https://x.com/LisaSu/status/1816105459029274933" title="https://x.com/LisaSu/status/1816105459029274933">https://x.com/LisaSu/status/1816105459029274933</a>

Trading Ideas

TSLA

AMD CEO Lisa Su Posts On X, "Great spending time with the @Tesla team talking about AI, leadership and more! Proud to partner with such an amazing team!  Thanks for the invite!"

EIA Weekly Distillates Stocks A Draw Of 2.753M Vs Build Of 3.454M Prior

Stifel analyst Simon Yarmak maintains Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) with a Buy and raises the price target from $67.5 to $71.5.

Stifel Maintains Buy on Agree Realty, Raises Price Target to $71.5

Icon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLR#NASDAQ">ICLR</a>) has outperformed the market over the past 15 years by 7.5% on an annualized basis producing an average annual return of 19.57%. Currently, Icon has a market capitalization of $27.50 billion. 
Buying $100 In ICLR: If an investor had bought $100 of ICLR stock 15 years ago, it would be worth $1,480.44 today based on a price of $332.23 for ICLR at the time of writing.
<h3>Icon's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721831418_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ICLR

Here's How Much $100 Invested In Icon 15 Years Ago Would Be Worth Today

L3Harris Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) has outperformed the market over the past 20 years by 3.87% on an annualized basis producing an average annual return of 12.15%. Currently, L3Harris Technologies has a market capitalization of $45.12 billion. 
Buying $1000 In LHX: If an investor had bought $1000 of LHX stock 20 years ago, it would be worth $10,021.06 today based on a price of $237.90 for LHX at the time of writing.
<h3>L3Harris Technologies's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721831413_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In L3Harris Technologies 20 Years Ago Would Be Worth Today

Macro Notification

General

USA Crude Oil Inventories A Draw Of 3.741M Vs A Draw Of 2.600M Est.; Draw Of 4.870M Prior

Last Friday, a major tech outage rocked the world, affecting millions of people and leaving them stranded in airports or, even worse, unable to complete their scheduled operations. The <a href="https://www.benzinga.com/news/24/07/39879895/if-youre-a-lawyer-for-crowdstrike-youre-probably-not-going-to-enjoy-the-rest-of-your-summer-say-dan">outage could cost over $1 billion</a>, but the question of who will foot the bill remains unanswered.
This crisis has also severely damaged George Kurtz&#8217;s fortune. Kurtz is the CEO of <a href="https://www.benzinga.com/quote/CRWD">CrowdStrike</a>, the cybersecurity company behind the faulty software update that triggered the outage.
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<li>America's construction sites are desperate for Robots —<a href="https://www.benzinga.com/money/apis-cor"> here&#8217;s how to invest in a house-printing startup who&#8217;s making them and be a part of a $16 trillion industry</a>.</li>
<li>Amid the ongoing EV revolution, previously overlooked low-income communities<a href="https://www.benzinga.com/money/dunamis-1"> now harbor a huge investment opportunity at just $500.</a></li>
</ul>
Before the incident, Kurtz&#8217;s net worth was more than $3.2 billion, according to Forbes. However, because of the outage, CrowdStrike&#8217;s stock price plummeted by more than 21% by Wednesday the 24th, dropping Kurtz&#8217;s fortune by about $600 million since Thursday evening, the day before the debacle. At the time of writing, his net worth is around $2.6 billion.
Despite this setback, which happened because most of his wealth is tied up in CrowdStrike stock, George Kurtz remains quite wealthy. As Forbes reports, besides his current CrowdStrike stock, worth about $2.6 billion, he has sold hundreds of millions of dollars worth of shares over the past few years. Kurtz, who lives in Paradise Valley, Arizona, with his wife and two kids, is also an accomplished race car driver, having won a prestigious Le Mans race in 2019.
Trending: <a href="https://www.benzinga.com/money/plus500" target="_blank" rel="noreferrer noopener">Want to trade futures? Discover why 25 million chose this Chicago Bulls sponsor.</a>
Kurtz was born in Parsippany, New Jersey, and wasn&#8217;t raised in wealth. He pursued his education in accounting at Seton Hall University, a choice that would lay the foundation for his future in cybersecurity. After graduating, he spent nearly a decade working at Price Waterhouse Coopers (PWC) and Ernst &amp; Young, where he found his niche in cybersecurity-related roles.
In 1999, he launched a security consulting firm, Foundstone, with his former colleagues from Ernst &amp; Young. In 2004, McAfee bought the company for $90 million.
After the acquisition, Kurtz joined McAfee as a senior vice president. His talent quickly propelled him to chief technology officer by 2009. In 2010, he played a key role during a huge incident when McAfee released an update that mistakenly deleted a crucial Windows XP file, causing systems to enter a reboot loop and requiring manual repairs, just like last week with CrowdStrike.
With CrowdStrike, the <a href="https://www.benzinga.com/24/07/39903295/how-a-faulty-cybersecurity-update-from-crowdstrike-unleashed-chaos-on-global-infrastructure-while-mi">problem started when they sent out a software update</a> for their Falcon Sensor product early Friday morning. This update had a faulty file that ended up crippling millions of Microsoft computers around the world. As a result, devices running Windows were rendered useless, and CrowdStrike had to work quickly to resolve the issue.
Read Next:
<ul>
<li>Gen Z and Millennial millionaires couldn't care less for stocks and bonds —<a href="https://www.benzinga.com/money/gen-z-and-millennial-millionaires-investments-adv"> Here's what they're buying instead.</a></li>
<li>Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://benzinga.com/money/rory-mcilroys-florida-mansion-doubled-in-value"> here&#8217;s how to get started investing in real estate with just $100</a></li>
</ul>

Startups

CrowdStrike CEO's Net Worth Has Dropped By About $600 Million Since The Global Outage

SPOT

Spotify Technology shares are trading higher after multiple firms raised their respective price targets on the stock. The stock may be moving on continued strength after the company yesterday reported better-than-expected Q2 EPS results.

IPOs

OneStream IPO Shares Indicating $31.95/Share; IPO Priced At $20/Share On 24.5M Shares

<ul>
<li>Meta has introduced its new AI model, Llama 3.1 405B</li>
<li>Unlike other proprietary AI systems, Llama 3.1 405B is freely available to the public.</li>
<li>Meta&#39;s stock started the year strong, climbing 38%.</li>
</ul>
Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) has unveiled its latest AI innovation, Llama 3.1 405B, marking a significant step towards making artificial intelligence technologies more accessible.
This new model is freely available to the public, unlike other proprietary AI systems that often require payment or are limited to specific corporate uses.
By releasing Llama 3.1 405B as open-source, Meta allows developers worldwide to access and customize the AI without financial barriers or corporate restrictions.
The model is versatile and can easily integrate into various operational environments. Users can fine-tune the model independently, ensuring sensitive data remains private.
This approach demonstrates Meta&rsquo;s commitment to user privacy and customization freedom, empowering developers to innovate independently.
Strategically, the release of Llama 3.1 405B highlights Meta&rsquo;s support for open-source AI as essential for fair technological progress.
By promoting an open development ecosystem, Meta aims for a future where AI tools boost productivity, foster creativity, and improve quality of life.
This initiative aligns with CEO Mark Zuckerberg&rsquo;s vision of using open-source AI to drive societal and economic growth.
<img alt="2024-07-24_13-01-06.png" src="https://www.benzinga.com/files/u517520/2024-07-24_13-01-06.png" style="height:308px; width:624px" />
Looking at Meta&#39;s financial journey, the company&#39;s stock in 2024 started strong, with a 38% increase by February. While the growth has slowed since, the stock still gained another 10% by July. Recently, however, there&#39;s been a slight decline of over 9% from the July high.
As the stock hovers around $500, a significant psychological barrier, breaking through this level could indicate a bullish future for Meta, potentially pushing the stock to new record highs.
After the closing bell on Tuesday, July 23, the stock closed at $488.69, trading up by 0.26%.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Markets

Tech

How Meta's Game-Changing AI Model Could Enhance Developer Freedom, Propel Privacy Standards, And Surge Stock Performance

Goldman Sachs analyst Toshiya Hari maintains Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) with a Sell and raises the price target from $157 to $176.

Goldman Sachs Maintains Sell on Texas Instruments, Raises Price Target to $176

JP Morgan analyst Doug Anmuth maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Overweight and raises the price target from $375 to $425.

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Objective Corp

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Latest news for Objective Corp (OTC:OBCLF) Stock