Latest news for Organic Agricultural (OTC:OGAA) Stock

Organic Agricultural Co Ltd is engaged in manufacturing of agricultural products, rice, and other related products. The Company sells paddy and selenium-enriched paddy products, rice and other agricultural products. Geographically, the firm generates a majority of its revenue from the People's Republic of China.

ORGANIC AGRICULTURAL CO by Organic Agricultural Company Limited

Organic Agricultural Co Ltd

News

IMUX

Immunic Announced That The Data From Its Phase 1/1b Clinical Trial Of IMU-856, An Orally Available And Systemically Acting Small Molecule Modulator That Targets Sirt6 Has Been Published In The Peer Reviewed Journal, The Lancet Gastroenterology & Hepatology

Stratasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.04) by 125 percent. This is a 75 percent decrease over earnings of $0.04 per share from the same period last year. The company reported quarterly sales of $140.01 million which beat the analyst consensus estimate of $139.49 million by 0.37 percent. This is a 13.65 percent decrease over sales of $162.13 million the same period last year.

Earnings

Earnings Beats

SSYS

Stratasys Q3 2024 Adj EPS $0.01 Beats $(0.04) Estimate, Sales $140.01M Beat $139.49M Estimate

Liquidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) reported quarterly losses of $(0.30) per share which beat the analyst consensus estimate of $(0.37) by 18.92 percent. This is a 25 percent decrease over losses of $(0.24) per share from the same period last year. The company reported quarterly sales of $4.45 million which beat the analyst consensus estimate of $4.19 million by 6.20 percent. This is a 20.94 percent increase over sales of $3.68 million the same period last year.

LQDA

Liquidia Q3 2024 GAAP EPS $(0.30) Beats $(0.37) Estimate, Sales $4.45M Beat $4.19M Estimate

U.S. stocks could open on a negative note on Wednesday after the <a href="https://www.benzinga.com/news/earnings/24/11/41892574/dow-settles-above-44000-for-the-first-time-as-tesla-continues-to-surge-after-trump-win-investor-sen">averages scaled record highs last week</a>. Futures of all three major indices were slightly down as investors await the crucial Consumer Price Index (CPI) print scheduled to be released on Wednesday.
Nasdaq, S&amp;P 500, and Dow Jones surged over 4% last week after the GOP sweep and the Federal Reserve delivered a widely expected 25 basis point rate cut.
However, after Dow Jones scaled a record 44,000 to kick off the week on a positive note, the markets have witnessed a slight pullback due to profit booking and caution among investors.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.14%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.13%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.11%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.08%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.11% to $596.25 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.12% to $512.30, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
The S&amp;P 500 and Nasdaq both snapped their five-session winning streak on Tuesday, edging lower as investors took a breather.
Crude oil prices remained under the $70 mark but edged up due to near-term supply tightness.
Treasury yields eased a little as investors await inflation data.
On the economic data front, U.S. consumer inflation expectations for the year ahead eased to 2.9% in October compared to 3% in each of the prior four months.
The RealClearMarkets/TIPP Economic Optimism Index rose 13.4% in November to a reading of 53.2, recording the highest reading in over three years.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, health care, and real estate stocks recording the biggest losses on Tuesday.
However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.09%</td>
<td>19,281.40</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.29%</td>
<td>5,983.99</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.86%</td>
<td>43,910.98</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.77%</td>
<td>2,391.85</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, thinks that the Fed has enough room to cut interest rates further without worrying about a surge in inflation. According to him, the "strong productivity" will help keep inflation capped.
"As long as productivity remains strong (like we think it should) the path is there for the Fed to continue to cut interest rates and not worry about inflation soaring back."
However, analysts at BlackRock Investment Institute <a href="https://www.blackrock.com/us/individual/insights/blackrock-investment-institute/weekly-commentary">expressed</a> caution on inflation.
"We focus on U.S. CPI to see if inflation will keep falling toward the Fed's 2% target. Short-term inflation has been decreasing, with immigration boosting the labor supply and cooling wage growth. However, recent services PCE data remains sticky, indicating that inflation may settle above 2% in the medium term."
Over the longer term, though, an aging population could maintain a persistent upward pressure on inflation, the firm said.
Wells Fargo's lead economist Jay Bryson echoed similar sentiments, saying, "The October CPI report will likely support the notion that the last mile of inflation&#8217;s journey back to target will be the hardest."
WisdomTree and Wharton School economist&nbsp;Jeremy Siegel continued to stress that the equity markets have enough gas in them to continue the ongoing bull run.
"The ‘bull market' sentiment remains intact, though valuations remain a watch point," he said, adding that the expectations of "lighter regulations" from President-elect Donald Trump's administration would benefit equities.
"The bull market in stocks looks set to continue, while bonds face a rougher road," Siegel said but noted that the gains that equity investors have been seeing this year are unlikely to repeat in 2025.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Wednesday's economic calendar includes the release of inflation print.
<ul>
<li>The Consumer Price Index (CPI) will be released at 8:30 a.m. ET.</li>
<li>New York Fed President John Williams will speak at 9:30 a.m. ET.</li>
<li>Dallas Fed President Lorie Logan will speak at 9:45 a.m. ET.</li>
<li>The monthly U.S. federal budget will be released at 2 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares surged nearly 13% in premarket trading on Wednesday after the company <a href="https://www.benzinga.com/news/contracts/24/11/41924462/rivian-stock-races-higher-after-the-bell-whats-going-on">announced the launch of its joint venture</a> with the Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), with the deal value rising from $5 billion to $5.8 billion.</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares <a href="https://www.benzinga.com/markets/equities/24/11/41933025/tesla-shares-rise-in-pre-market-tuesday-after-cooling-down-in-previous-session-whats-going-on">rose over 2.5% in premarket trading</a> on Wednesday, after CEO Elon Musk was <a href="https://www.benzinga.com/government/regulations/24/11/41931503/trump-forms-doge-with-elon-musk-and-vivek-ramaswamy-at-the-helm-will-it-impact-tesla-ceos-role-at-the-ev-giant-and-spacex">appointed</a> to the Department of Government Efficiency, or DOGE, along with Vivek Ramaswamy.</li>
<li>Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) stock <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">fell over 65% in premarket trading</a> after the company inched closer to bankruptcy and failed to file its September quarter earnings.</li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares continued to surge after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) inched closer to $90,000.</li>
<li>Investors are awaiting earnings results from CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), and Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, rising by 0.81% to hover around $68.67 per barrel.
The 10-year Treasury note yield eased slightly to 4.418%.
Most of the major Asian markets ended in the red on Wednesday, but European markets were in the green in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41916359/bitcoin-is-the-decentralized-king-says-anthony-pompliano-whose-100000-price-prediction-is-close-to-coming-true">Bitcoin Is The &#8216;Decentralized King,&#8217; Says Anthony Pompliano, Whose $100,000 Price Prediction Is Close To Coming True</a></li>
</ul>
Photo courtesy: Wikimedia

Equities

Futures

Economics

Federal Reserve

Pre-Market Outlook

Markets

Movers

Trading Ideas

$BTC

CSCO

CYBR

HOOD

MSTR

RIVN

SAVE

TSLA

VWAGY

S&P 500, Dow Futures Dip As Investors Brace For Key Inflation Data: Expert Says 'Strong Productivity' Will Cap Inflation Despite Fed's Rate Cuts

Hut 8 Mining Q3 Sales $43.735M Beat $38.068M Estimate

Rivian Automotive Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares are up 13% in pre-market trading after German automaker Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) increased their <a href="https://www.benzinga.com/news/24/09/40772132/volkswagens-5b-deal-with-rivian-leaves-software-arm-cariad-workers-frustrated-ceo-left-out-report">planned investment into the EV startup</a> to $5.8 billion and kickstarted their joint venture.
What Happened: The two companies announced their plans for a joint venture in June. As part of the deal, Volkswagen was expected to invest about $5 billion into loss-making Rivian. 
However, Rivian said on Tuesday that the joint venture called Rivian and VW Group Technology, LLC is expected to start on Nov. 13 and Volkswagen will invest <a href="https://www.benzinga.com/news/contracts/24/11/41924462/rivian-stock-races-higher-after-the-bell-whats-going-on">up to $5.8 billion in Rivian and the JV</a> by 2027 as part of the deal, marking an increase of about 16% in planned investment.
About The New JV: The joint venture between the two players is <a href="https://www.benzinga.com/news/24/09/40682383/tesla-ceo-elon-musk-doubts-volkswagens-proposed-5b-rivian-investment-amid-reports-that-it-is-conside">aimed at providing next-generation electrical architecture</a> and software technology for both companies' future electric vehicles including Rivian&#8217;s R2 vehicle slated to enter production in the first half of 2026 at the company&#8217;s Normal, Illinois factory.
Developers and software engineers from both companies are expected to join the joint venture. While teams will initially be based in Palo Alto, California, three other sites are in development in North America and Europe, Rivian said in a statement on Tuesday. 
Rivian's&nbsp;Wassym Bensaid&nbsp;and Volkswagen's&nbsp;Carsten Helbing&nbsp;will lead the joint venture as co-CEOs.
Price Action: Rivian shares closed down 4.2% at $10.58 on Tuesday, but were up over 13% in the pre-market session on Wednesday. The stock is down by about 50% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher" target="_blank" rel="noreferrer noopener">Tesla Q4 Deliveries Expected To Set New Records But Not Enough To Avoid Yearly Sales Decline, Says Researcher</a></li>
</ul>
Photo courtesy: Rivian

Tech

Rivian Shares Rise 13% In Pre-Market: What's Going On?

Enlight Renewable Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENLT#NASDAQ">ENLT</a>) raises FY2024 sales outlook from $345.00 million-360.00 million to $355.00 million-370.00 million.

Guidance

ENLT

Enlight Renewable Energy Raises FY2024 Sales Guidance from $345.00M-360.00M to $355.00M-$370.00M  VS Est. $354.57M

Needham analyst Gil Blum reiterates Artiva Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARTV#NASDAQ">ARTV</a>) with a Buy and maintains $23 price target.

Price Target

Reiteration

Analyst Ratings

ARTV

Needham Reiterates Buy on Artiva Biotherapeutics, Maintains $23 Price Target

Needham analyst Chris Pierce maintains Urgently (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULY#NASDAQ">ULY</a>) with a Buy and lowers the price target from $2 to $1.5.

Needham Maintains Buy on Urgently, Lowers Price Target to $1.5

HC Wainwright &amp; Co. analyst Heiko Ihle maintains MAG Silver (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#AMEX">MAG</a>) with a Buy and raises the price target from $18 to $20.

HC Wainwright & Co. Maintains Buy on MAG Silver, Raises Price Target to $20

Centene Plans To Reaffirm 2024 Adjusted EPS Guidance Of Greater Than $6.80 (Est $6.69); Also Plans To Reiterate That It Expects To Grow Adjusted EPS In 2025 And Beyond - Filing

On Tuesday, November 12, U.S. markets ended lower as investors took profits after a post-election rally, anticipating upcoming inflation data. Worries over Trump&#8217;s inflationary policies, rising Treasury yields, and weak European markets intensified the decline.
According to economic data, U.S. consumer inflation expectations eased to 2.9% in October, down from 3% in the prior four months. The RealClearMarkets/TIPP Economic Optimism Index jumped 13.4% in November to 53.2.
Most S&amp;P 500 sectors declined, led by materials, health care, and real estate, while tech and communication services rose against the trend.
The Dow Jones Industrial Average was down 0.86% and closed at 43,910.98, the S&amp;P 500 fell 0.29% to 5,984.00, and the Nasdaq Composite declined 0.09% to finish at 19,281.40.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 declined 1.55% and ended the session at 38,740.50, led by losses in the Transportation Equipment, Shipbuilding, and Trading sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.75% and ended the day at 8,193.40, led by losses in the Metals &amp; Mining, Financials and Industrials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.36% at 23,559.05, and the Nifty 500 was down 1.67% at 21,957.50, led by losses in the Real Estate, Capital Goods and Metals sectors.</li>
<li>China&#8217;s Shanghai Composite rose 0.51% to close at 3,439.28, and the Shenzhen CSI 300 rose 0.61%, finishing the day at 4,110.89.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 0.12% and closed the session at 19,823.45.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 0.08%.</li>
<li>Germany&#8217;s DAX gained0.12%.</li>
<li>France&#8217;s CAC rose0.10%.</li>
<li>U.K.'sU.K.&#8217;s FTSE 100 index traded higher by 0.12%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.88% at $68.70/bbl, and Brent was up 0.82% at $72.48/bbl.</li>
<li>Oil prices rose due to supply tightness but remained near two-week lows after OPEC cut its demand forecasts for 2024 and 2025, citing weakness in China.</li>
<li>Natural Gas declined 1.17% to $2.873.</li>
<li>Gold was trading higher by 0.33% at $2,615.40, Silver gained 0.92% to $31.040, and Copper slipped 0.07% to $4.1338.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures decreased 0.12%, S&amp;P 500 futures were down 0.15%, and Nasdaq 100 futures fell 0.15%.
Forex at 05:30 AM ET
The U.S. dollar index is up 0.02% to 105.97, the USD/JPY rose 0.22% to 154.94, and the USD/AUD rose 0.10% to 1.5321.
Image via Shutterstock

Asia

Emerging Markets

Eurozone

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

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

Asia Markets Down, Europe Up, Dollar Makes 5-Month High - Global Markets Today While US Slept

SMCI

Super Micro Computer Said Unable To File Its Quarterly Report On Form 10-Q For The Period Ended September 30, 2024 In A Timely Manner Without Unreasonable Effort Or Expense

CAAS

China Automotive Systems Raises FY24 Revenue Guidance From $605M To $630M

Bellevue Capital Partners, One Of The Largest Shareholders Of Global Net Lease, Inc., Announced The Acquisition Of An Additional 100,000 Shares Of GNL

X4 had $135.8 million in cash, cash equivalents, restricted cash, and short-term marketable securities as of September 30, 2024. The Company believes it has sufficient funds to support operations into late 2025 and notes that this projected runway does not include potential future XOLREMDI revenue.

XFOR

X4 Pharmaceuticals Q3 2024 GAAP EPS $(0.18) Misses $(0.17) Estimate, Sales $560.00K Miss $1.69M Estimate

Hudbay Minerals Revised 2024 Annual Consolidated Cash Cost Guidance Range To $0.65-$0.85 Per Pound From $0.90-$1.10 Per Pound

Needham analyst David Saxon reiterates SI-BONE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) with a Buy and maintains $19 price target.

SIBN

Needham Reiterates Buy on SI-BONE, Maintains $19 Price Target

UAVS

AgEagle Aerial Systems Regained Compliance with NYSE American Continued Listing Standards

The main effect on the revenue guidance is the company's decision to terminate its activities in Russia due to limitations and constraints that are imposed with regard to operations there.&nbsp;
The Company raised and narrowed the range of its 2024 GAAP operating income guidance to between $24 million to $26 million, mainly due to the receipt of approximately $11 million in proceeds from an arbitration in Peru in H2 2024.&nbsp;
The Company also narrowed the range of its Adjusted EBITDA guidance to between $41 to $43 million, representing year-over-year growth of 15% at the mid-point.&nbsp;

GILT

Gilat Satellite Networks Narrows 2024 Revenue Guidance From $305M -$325M To $305M - $315M, Est $330.887M

Organic Agricultural

Comments

Organic Agricultural

News

Latest news for Organic Agricultural (OTC:OGAA) Stock

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga