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Peloton Minerals Corp is a Canada based company. The company is an exploration stage company that is engaged in the business of locating and exploring mineral properties. The company holds three Carlin-style gold exploration projects situated on the Carlin and Long Canyon Gold Trends in Elko County, Nevada, all of which are permitted for drilling.

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PELOTON MINERALS CORP by Peloton Minerals Corporation

Peloton Minerals Corp

<ul>
<li>Lordstown Motors went public on Nasdaq in October 2020, promising to revolutionize the EV sector with its commercial fleet-focused Lordstown Endurance. The company raised more than $675M from investors at the time of merging with SPAC DiamondPeak Holdings to go public.</li>
<li>The company aggressively promoted Endurance as an economically viable option compared to other EV trucks promised by leading automakers and even went on to claim that it would take market share from the Ford F-150, the best-selling truck in the United States.</li>
<li>After revealing pre-orders for approximately 100,000 Endurance vehicles in early 2021, Lordstown stock skyrocketed to an all-time high of over $460 in February 2021 (pre-reverse split). After being rebranded as Nu Ride, the stock now trades at $1.70.</li>
<li>Hindenburg Research, in a report dated March 12, 2021, revealed that Lordstown has been deceiving investors by omitting key information regarding pre-orders for Endurance.</li>
<li>Lordstown filed for bankruptcy in June 2023, blaming Foxconn, a business partner and investor, for failing to deliver commercial and financial commitments that led to "material and irreparable harm" to the company.</li>
<li>The SEC charged Lordstown in February 2024 for misleading investors with fictitious Endurance pre-orders and concealing Lordstown's inability to access critical components for the production of EVs. Lordstown agreed to a payment of $25.5M to settle the claim.</li>
<li>Lordstown Motors will pay up to $10M settlement due to this situation. All affected investors can <a href="https://11thestate.com/cases/lordstown-investor-settlement?ref=11thestate.com">file a claim</a> to receive the payment.</li>
</ul>
<h3 class="wp-block-heading has-medium-font-size" id="overview">Overview</h3>
Lordstown Motors Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RIDEQ#OTC">RIDEQ</a>), now Nu Ride (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NRDE#OTC">NRDE</a>), burst onto the scene in 2020 promising a revolutionary electric truck and raking in over $675 million from investors. The company aggressively marketed the Endurance, its first EV truck, as a competitor to established automakers, sending the stock soaring. However, this house of cards came crashing down when Hindenburg Research exposed Lordstown for misleading investors about pre-orders and production capabilities in early 2021. Since then, the stock has crashed, the company filed for bankruptcy before emerging from Chapter 11 as Nu Ride, and the SEC charged Lordstown for misleading investors. Lordstown has now agreed to settle with the SEC and defrauded investors, bringing closure to a cautionary tale of hype and deception.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1000" height="481" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170210/image-4.png" alt="" class="wp-image-3664" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170210/image-4.png 1000w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170210/image-4-300x144.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170210/image-4-768x369.png 768w" sizes="(max-width: 1000px) 100vw, 1000px" /><figcaption class="wp-element-caption">Source: Q1 2021 Earnings Presentation</figcaption></figure>
<h3 class="wp-block-heading has-medium-font-size" id="introduction">Introduction</h3>
Lordstown Motors, now rebranded as Nu Ride Inc. (NRDE), was founded in 2018 by former CEO of Workhorse Group, Steve Burns. The company, from its IPO in October 2020 through its Chapter 11 filing in June 2023, aggressively marketed its vision of revolutionizing the American commercial and passenger vehicle industries with Lordstown Endurance, its flagship electric truck that promised to compete with established automakers such as Tesla Inc. (TSLA) and Ford Motor Company (F) for market share. Lordstown Motors, which was valued at almost $5 billion in February 2021 before Hindenburg's report, now has a market capitalization of just $27 million after wiping billions of dollars of investor money off the table.
<h3 class="wp-block-heading has-medium-font-size" id="the-scandal">The Scandal</h3>
Lordstown Motors' deceptive actions span across three distinct categories.
First, Lordstown inflated pre-orders for Endurance, misleading investors about the revenue growth potential of the company.&nbsp;On January 11, 2021, Lordstown announced surpassing 100,000 pre-orders for Endurance.&nbsp;Commenting on this, CEO Steve Burns said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"Receiving 100,000 pre-orders from commercial fleets for a truck like the Endurance is unprecedented in automotive history. Adding in the interest we have from federal, state, municipal and military fleets on top of that, I think you can see why we feel that we are about to revolutionize the pickup truck industry."
</blockquote>
At the proposed maximum retail price of $52,500, pre-orders for Endurance promised to bring in approximately $5 billion in revenue.&nbsp;Investors, based on this promising pipeline of orders, rushed to own a piece of the company, pushing Lordstown's market value close to $5 billion in February 2021.
On March 12, Hindenburg Research revealed that most of these pre-orders were fictitious or were placed by companies that had no financial backing to follow through with purchasing the Endurance truck.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="299" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170633/image-7-1024x299.png" alt="" class="wp-image-3667" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170633/image-7-1024x299.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170633/image-7-300x88.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170633/image-7-768x224.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170633/image-7.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Source: Hindenburg Research</figcaption></figure>
Lordstown Motors never accepted or requested deposits from most of the customers who were interested in purchasing its EV truck, contrary to the standard practice.&nbsp;For example, Tesla, the EV market leader in the U.S., required a deposit of $100-$150 for placing a pre-order for the Cybertruck in 2019.
Lordstown Motors' decision to claim pre-orders as confirmed sales without even securing a deposit seemed questionable even at that time, and the fears were confirmed when none of these orders were delivered in the years that passed.
The company also used inflated pre-order figures to raise funds from investors, misguiding the market about the true nature of the demand for its Endurance truck.
Second,&nbsp;Lordstown Motors misled investors with details of its production timeline, stating that the company was on track to bring the Endurance to the market well before any other EV pickup truck.&nbsp;Originally, the company claimed that commercial production would begin in September 2021 following Beta prototype testing and two pre-production runs.

<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="795" height="299" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170447/image-5.png" alt="" class="wp-image-3665" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170447/image-5.png 795w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170447/image-5-300x113.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170447/image-5-768x289.png 768w" sizes="(max-width: 795px) 100vw, 795px" /><figcaption class="wp-element-caption">Source: Investor presentation (January 2021)</figcaption></figure>
In January 2021, Lordstown pledged to bring Endurance to the market before many established players and also promised a more affordable price tag, giving the false impression that Endurance would aggressively take market share from ICE pickup trucks that have been dominating both the passenger and commercial truck market in the United States.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="887" height="562" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170653/image-8.png" alt="" class="wp-image-3668" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170653/image-8.png 887w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170653/image-8-300x190.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26170653/image-8-768x487.png 768w" sizes="(max-width: 887px) 100vw, 887px" /><figcaption class="wp-element-caption">Source: Investor presentation (January 2021)</figcaption></figure>
Revealing production targets, Lordstown projected the production of approximately 2,000 trucks in 2021 alone. The below table, based on the company&#8217;s filings, highlights the rosy production targets published by the company.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Year</td>
<td>EV Production target</td>
</tr>
<tr>
<td>2021</td>
<td>2,000</td>
</tr>
<tr>
<td>2022</td>
<td>32,000</td>
</tr>
<tr>
<td>2023</td>
<td>65,000</td>
</tr>
<tr>
<td>2024</td>
<td>107,000</td>
</tr>
</tbody>
</table>
</figure>
Commenting on the progress of production during the Q1 2021 earnings call, CEO Steve Burns said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"Our mission here at Lordstown Motors is to be the leading manufacturer for electric light duty trucks in the United States. Our first vehicle, the all-electric Endurance work truck is on track to start limited production in late September, and we expect to start deliveries later in the fourth quarter."
</blockquote>
Despite these ambitious predictions and misleading statements, Lordstown Motors ended up delivering just 6 Endurance EVs before production was halted earlier this year.
Third, Lordstown Motors failed to disclose critical information about its financial health and production challenges, leading investors to believe that the company was fulfilling its obligations to shareholders.&nbsp;A classic example is how Lordstown claimed it had access to critical vehicle parts from General Motors to design and produce the Endurance, when in reality the company did not have any such access.&nbsp;From the time of its IPO through January 2021, Lordstown claimed on several instances that it would get access to more than 200 General Motors' vehicle parts, including 100 non-customer-facing parts necessary to bring the Endurance truck to the market within the projected timeline.
The following is an excerpt from the Prospectus filed by Lordstown before its IPO in 2020.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"The Endurance body is designed to be fully compatible with existing third-party parts, upfitting options and accessories. Depending on how our timing and demand aligns with the availability and cost of these parts, this design provides us with the option to source certain parts under an agreement we have entered into with GM. This agreement provides us with access to certain non-customer-facing GM parts, including airbags, steering columns and steering wheels, based on the manufacturing capacity of GM's suppliers. To the extent we utilize this arrangement, we expect that it will reduce the time that it will take to build out these aspects of our supply chain and bring the Endurance to market and reduce our tooling and development costs."
</blockquote>
These statements played a crucial part in luring investors to invest in Lordstown in the hopes of the company gaining a first-mover advantage in the EV commercial truck market.
After Hindenburg Research highlighted Lordstown's misleading statements on March 12, 2021, Lordstown Motors issued a statement regarding this short-seller report on March 15, 2021. In this statement, Lordstown defended its progress toward delivering Endurance trucks later that year and wrote:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"Lordstown Motors remains on track for start of production of its Lordstown Endurance all electric pickup truck in September 2021. This week, the company intends to elaborate on its progress towards start of production, including providing an update on beta vehicle production and other important business developments, on its inaugural earnings call."
</blockquote>
Despite this reassuring statement, Lordstown CEO appeared on CNBC Squawk Box on March 18 – just three days later – and claimed that the 100,000 pre-orders should never have been viewed as confirmed orders. Steve Burns, during this interview, said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"We've always been very clear, right? These are just what they're intended to be. These are non-binding, letters of intent. They're called preorders out in the real world. I don't think anyone thought that we had actual orders, right? That's just not the nature of this business."
</blockquote>
The CEO made these comments soon after the SEC sent a letter to Lordstown inquiring about its business operations.
The company, however, appointed a special committee to investigate the claims made by Hindenburg Research.
On June 14, 2021, Lordstown published the findings of the special committee and denied some of the claims of Hindenburg Research but acknowledged that the company may have issued false, misleading statements regarding pre-orders.&nbsp;Revealing the findings of the committee, Lordstown Motors wrote:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"One entity that provided a large number of pre-orders does not appear to have the resources to complete large purchases of trucks. Other entities provided commitments that appear too vague or infirm to be appropriately included in the total number of pre-orders disclosed."
</blockquote>
Following the findings of this committee, CEO Steve Burns and CFO Julio Rodriguez resigned from their positions.
The SEC concluded its investigation earlier this year and found that Lordstown Motors has violated several guidelines of the Securities Act, including 17(a)(2) and 17(a)(3).&nbsp;Commenting on these violations, Mark Cave, Associate Director of the Division of Enforcement at SEC, said:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"In a highly competitive race to deliver the first mass-produced electric pickup truck to the U.S. market, Lordstown oversold true demand for the Endurance. "Exaggerations that misrepresent a public company's competitive advantages distort the capital markets and foil investors' ability to make informed decisions about where to put their money."
</blockquote>
Lordstown reached agreements to resolve allegations of misconduct by the SEC and two shareholder lawsuits. The company will pay $25.5 million without admitting or denying wrongdoing. The SEC will then withdraw its claim in Lordstown&#8217;s bankruptcy case. The below excerpt from the SEC's order summarizes its undertakings.
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-us.googleusercontent.com/iSErBXeG0RbnJhkpuQDcxk8TgzdJwTY4nxyzpFnDetu4I70iyOf6Ehk1vbMVH772_BiCGhl-PBhIFz7LlNzcczqXbcYG2Yug8qftfjokjVzRzZ2Y1HtdQLJGH_LYYoZ0lLqq1yqkA4OhO4h7R4AA64nLSeYUwURe" alt="A document with text and numbers
Description automatically generated" style="width:624px"/><figcaption class="wp-element-caption">Source: SEC</figcaption></figure>
Ex-CEO Steve Burns, in an email statement to Reuters, denied any wrongdoings last March following the SEC's order and claimed that his actions were&nbsp;"falsely characterized"&nbsp;by the SEC. He went on to say:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">"I categorically reject the suggestion that my actions constituted wrongdoing."
</blockquote>
<h3 class="wp-block-heading" id="resolving-the-scandal">Resolving The Scandal</h3>
To resolve the lawsuit from investors, Lordstown has agreed to a cash settlement of up to $10 million. If you invested in Lordstown, you may be eligible to <a href="https://11thestate.com/cases/lordstown-investor-settlement">claim a portion</a> of this settlement to recover your losses.
Wrapping up, the company, now rebranded as Nu Ride, operates as a shell company to carry the Chapter 11 Cases and Plan. The production of Endurance has been halted since June 2023 and the company does not conduct any business as of today.

General

NRDE

RIDEQ

Broken EV Dreams: Lordstown's Bankruptcy And $10M Investor Settlement

AAA expects record-setting travel numbers for Thanksgiving 2024 with an estimated 79.9 million travelers, up 2% from the previous record set last year. Here's what to know Tuesday before hitting the road later this week <a href="https://www.benzinga.com/news/retail-sales/24/11/42170721/thanksgiving-dinner-gobbles-up-19-more-cash-this-year-many-holiday-hosts-already-regret-their-decision">for the holiday. </a>
What To Know: AAA attributes the staggering number of travelers to economic growth, declining inflation and strong income gains, which it sees boosting consumer spending by 4.6% compared to last Thanksgiving.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/retail-sales/24/11/42170721/thanksgiving-dinner-gobbles-up-19-more-cash-this-year-many-holiday-hosts-already-regret-their-decision">Thanksgiving Dinner Gobbles Up 19% More Cash This Year, Many Holiday Hosts &#8216;Already Regret Their Decision&#8217;</a>
"We expect to see record travel numbers across the board," said Debbie Haas, vice president of Travel for AAA – The Auto Club Group. 
"With more people taking to the roads, skies, rails and sea; travelers should expect congested roads and longer lines at transportation terminals," Haas added. 
On The Road: AAA <a href="https://newsroom.acg.aaa.com/aaa-record-number-of-travelers-expected-to-travel-for-thanksgiving/#">projects more than</a> 71 million travelers will take a road trip over Thanksgiving which would beat the previous record set in 2019 by 1.1 million travelers.&nbsp;
Drivers fueling up at Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) or Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) gas stations can expect significantly lower prices than last year with gas hovering near $3 per gallon. The national average is $3.01 per gallon, according to GasBuddy. 
Read Next: <a href="https://www.benzinga.com/news/earnings/24/11/42201885/dell-technologies-shares-drop-after-q3-revenue-misses-estimates-details">Dell Technologies Shares Drop After Q3 Revenue Misses Estimates: Details</a>
"As Americans prepare to hit the road for Thanksgiving, we're seeing the lowest national average price of gasoline since 2021, with a far better economic picture than when gas prices were last this low," GasBuddy said in its <a href="https://www.gasbuddy.com/go/2-cents-shy-of-2-99-national-average-declines-for-6th-straight-week">weekly report</a>.&nbsp;
For travelers looking to rent a car at their destination, Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) says Atlanta, Las Vegas, Los Angeles, Miami, Oahu, Orlando and Phoenix are the cities with the highest rental demand for the Thanksgiving holiday. The busiest car pick-up day is expected to be the Wednesday before Thanksgiving, and the busiest rental return days will be the Monday and Tuesday after the holiday.
In The Air: The Transportation Security Administration (TSA) said that it is "prepared for the busiest Thanksgiving travel period on record." The TSA expects to screen 18.3 million people from Tuesday, Nov. 26 to Monday, Dec. 2, representing a volume increase of approximately 6% over the 2023 Thanksgiving holiday.
"As we approach Thanksgiving, TSA is ready to accommodate record passenger volumes," said TSA Administrator David Pekoske.
&nbsp;"The 10 busiest travel days in TSA's history have all occurred in 2024, and we anticipate that trend to continue," Pekoske added.&nbsp;
Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) said <a href="https://news.delta.com/numbers-thanksgiving-holiday-travel-delta">it is expecting</a> 6.5 million customers this Thanksgiving holiday travel period, up 5% from one year ago, and reminds travelers to arrive early and anticipate larger crowds at security checkpoints and in the airport terminals. 
Eyes On The Skies: Americans are preparing for what could be the busiest travel week on record, but weather conditions may not cooperate in some parts of the country.  According to an AP <a href="https://apnews.com/article/thanksgiving-holiday-travel-airports-roads-38cfcfe5f9d7b19fdc9d843827ed21f9">report</a>, an Arctic blast is taking aim at the Midwest and a nor'easter will move up the East Coast bringing cold and wet conditions that could disrupt travel over the holiday weekend. 
"The system doesn't look like a powerhouse right now," Hayden Frank, a meteorologist with the weather service in Massachusetts, said Sunday. "Basically, this is going to bring rain to the I-95 corridor so travelers should prepare for wet weather. Unless the system trends a lot colder, it looks like rain."
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Photo: Jan Vašek from Pixabay

Travel

Thanksgiving Travel Preview: AAA Expects Record Numbers, TSA Braces For Busiest Day Ever, Arctic Weather Blast

STOCK RISES OVER 2.8% AT ITS HIGH FOR THE DAY
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="781" height="668" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26210820/Screen-Shot-2024-11-26-at-4.07.45-PM.png" alt="" class="wp-image-3672" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26210820/Screen-Shot-2024-11-26-at-4.07.45-PM.png 781w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26210820/Screen-Shot-2024-11-26-at-4.07.45-PM-300x257.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/26210820/Screen-Shot-2024-11-26-at-4.07.45-PM-768x657.png 768w" sizes="(max-width: 781px) 100vw, 781px" /></figure>
Today, at 10:21 AM on November 26th, a significant trading signal occurred for Eli Lilly &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) as it demonstrated a Power Inflow at a price of $784.63. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Lilly&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Lilly&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted by active traders as a bullish signal.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for LLY, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data </a><a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA.." target="_blank" rel="noopener">are brought to you by Benzinga APIs</a>&nbsp;and include firms, like TradePulse.net,&nbsp;responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $784.63. The returns on the High price ($806.87) and Close price ($789.25) after the Power Inflow were respectively 2.8% and 0.5%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. 
Past Performance is Not Indicative of Future Results

Signals

Tradepulse Power Inflow Alert: Eli Lilly & Company Climbs Over 22 Points After Alert

Former Congresswoman and current South Dakota governor, Kristi Noem, was announced as Donald Trump's pick to lead the<a href="https://www.benzinga.com/24/11/41950826/kristi-noems-appointment-as-homeland-security-secretary-raises-questions-about-federal-cannabis-policy"> Department of Homeland Security.</a>
Here's a look at Noem's finances and wealth.
Trump's Pick: Since winning the 2024 presidential election, Trump has started announcing who he will be<a href="https://www.benzinga.com/general/education/24/11/42171604/trumps-department-of-education-secretary-pick-linda-mcmahon-owns-tko-stock-thanks-to-famous-wrestling-past"> nominating for Cabinet positions.</a>
While many of the picks await official nomination and Congressional approval, Trump has been busy assembling his team.
Noem served in the U.S. House of Representatives from 2011 to 2019 and has been governor of South Dakota since 2019.
The governor was on the shortlist of candidates that were expected to be named as Trump's vice-presidential pick for the 2024 election, even being one of <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36749394/trump-vice-president-pick-crypto-bettors-backing-haley-ramaswamy-desantis-and-this-potenti">the betting favorites</a> at prediction market Polymarket for some time.
A controversy involving Noem's newest book saying that her 14-month-old family hunting dog was shot by the politician may have led to her falling out as a top pick for the vice president role.
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Noem's Finances: As governor of South Dakota, Noem collects an annual salary of $121,578 as reported by <a href="https://ballotpedia.org/South_Dakota_state_government_salary">Ballotpedia</a>.
While in Congress, Noem collected a salary of $174,000 annually.
If elected to Trump's cabinet, Noem will <a href="https://www.opm.gov/policy-data-oversight/pay-leave/salaries-wages/salary-tables/24Tables/exec/html/EX.aspx">collect </a>an annual salary of $246,400.
A recent 2023 financial disclosure form filed in South Dakota showed that Noem has financial interest in Noem Insurance, run by her husband Byron Noem, and several small businesses.
Noem also listed cash rent from pastures as a source of income and has previously declared a family ranch in financial disclosures. The ranch was inherited when her father passed away and is co-owned with her mother and siblings.
The South Dakota governor has authored two books, which she lists as a source of income for royalties. The autobiography books are "Not My First Rodeo: Lessons from the Heartland" and "No Going Back," which were published in 2022 and 2024, respectively.
Noem's most recent disclosure from <a href="https://sdsos.gov/general-information/executive-actions/elected-officials-fis/search/Document.aspx?CabId=523E2A2A&amp;DocGuid=20230109-1607-2507-8681-b9af75c9a054">2023 </a>is easy to find and read on the South Dakota Secretary of State website. Older <a href="https://sdsos.gov/general-information/executive-actions/elected-officials-fis/search/Default.aspx">disclosures </a>don't load as images.
Estimates on Noem's wealth have varied greatly over the years based on some of the questions about her disclosures.
An estimate from <a href="https://www.opensecrets.org/personal-finances/kristi-noem/net-worth?cid=N00032022">OpenSecrets </a>in 2017 listed Noem's wealth at $2.35 million. Money <a href="https://moneyinc.com/kristi-noem-net-worth/">listed </a>her wealth at $4.5 million in a 2023 article using financials from 2021.
Energy Investment: Also listed on Noem's financial disclosures is an investment in Granite Falls Energy, which she has declared income from previously.
Noem disclosed that she made between $25,006 and $70,000 in dividends from the investment from her first Congressional run in 2010 through early 2019, as <a href="https://southdakotasearchlight.com/2023/06/30/noem-investor-in-ethanol-plant-partnered-with-carbon-pipeline-company/">reported </a>by South Dakota Searchlight. South Dakota disclosures do not require Noem to list the amount of income received, only the sources of income.
The report linked the energy company as a partner to Summit Carbon Solutions, a company that had proposed a carbon pipeline in South Dakota.
South Dakota Searchlight said the financial interest in the proposed pipeline raised questions about Noem's lack of support for anti-pipeline legislation in the state.
A spokesperson for Noem told the media outlet that the governor "invested in Granite Falls many years ago and has always appropriately disclosed her finances." The pipeline has struggled to gain voter support in South Dakota.
If elected into Trump's cabinet, Noem's past interest in and investments in energy pipelines could be worth monitoring by investors.
Several pipeline ETFs like the Alerian MLP ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMLP#NYSE">AMLP</a>) and Global X MLP &amp; Energy Infrastructure ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLPX#NYSE">MLPX</a>) could benefit from having Noem, a pro-pipeline investor, in the Trump White House administration.
Noem's son-in-law Kyle Peters is a <a href="https://sosenterprise.sd.gov/BusinessServices/Lobbyist/LobbyistRegistrationDetail.aspx?CN=104015223000203061037142112123066229130120120058">registered </a>lobbyist for Gevo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>), a biofuels company, that could benefit from pipelines and energy investments in South Dakota.
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Photo: Maxim Elramsisy via Shutterstock

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Trump Department Of Homeland Security Pick Kristi Noem Owns Ranch, Invests In Energy, Gets Book Royalties

By <a href="https://roboforex.com/beginners/analytics/forex-forecast/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_26112024&amp;utm_content=analysis&amp;utm_term=forecast" style="color:#0563c1; text-decoration:underline">RoboForex Analytical Department</a>
The NZD/USD pair has experienced a significant decline, touching a low of 0.5841 and reaching a yearly trough of 0.5796. The primary pressure comes from a robust US dollar, bolstered by anticipations of a more stringent tariff regime under US President-elect Donald Trump. Speculations about Trump imposing an additional 10% tariff on all Chinese goods have particularly impacted the Kiwi, given China&rsquo;s role as New Zealand&rsquo;s largest trading partner.
The market pre-emptively reacts to potential US policy shifts, recalling Trump&rsquo;s previous term characterised by aggressive trade policies. This has cast a long shadow over the NZD, influencing investor sentiment.
The upcoming Reserve Bank of New Zealand (RBNZ) meeting on Wednesday is crucial, with expectations leaning towards a 50-basis-point rate cut to 4.25% per annum. This expected move aligns with the RBNZ&rsquo;s dovish stance from October and could sustain the downward pressure on the NZD.
<h3>Technical Analysis Of&nbsp;NZD/USD</h3>
<a href="https://www.benzinga.com/files/u117641/nzdusdh4_15.png"><img alt="" src="https://www.benzinga.com/files/u117641/nzdusdh4_15.png" style="height:280px; width:624px" /></a>
H4 chart: the NZD/USD has completed a decline wave, reaching 0.5797, with a subsequent recovery phase targeting 0.5922 underway. After reaching this level, a potential pullback to 0.5860 could establish a consolidation zone around this marker. A break below this range might extend the decline to 0.5777, while an upward breach could pave the way to 0.5977.
<a href="https://www.benzinga.com/files/u117641/nzdusdh1_15.png"><img alt="" src="https://www.benzinga.com/files/u117641/nzdusdh1_15.png" style="height:280px; width:624px" /></a>
H1 chart: the pair is forming an initial growth wave towards 0.5860. Following this target, a retraction to 0.5828 is likely. The Stochastic oscillator supports this currency forecast, indicating a possible downturn from elevated levels and enhancing the likelihood of continuing the downward trajectory.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

NZD/USD Hits Yearly Low Amid US Dollar Strength

Telsey Advisory Group analyst Joseph Feldman maintains Best Buy Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) with a Outperform and lowers the price target from $115 to $110.

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Telsey Advisory Group Maintains Outperform on Best Buy Co, Lowers Price Target to $110

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To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-26_08h02_04.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Buying Opportunity Ahead</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-buying-opportunities-ahead-bitcoin-drop-bets-eww-mc-11262024">click here</a> for an enlarged chart of iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>).
Note the following:
<ul>
<li>President-elect Trump is threatening to impose steep tariffs on Mexico and Canada using an executive order on his first day in office.&nbsp;&nbsp;</li>
<li>Mexico's president is responding by claiming that migrant caravans are no longer arriving at the U.S. border.&nbsp; She is also offering cooperation to stem the flow of drugs to the U.S.&nbsp;</li>
<li>If negotiations with Mexico do not go well, stocks in Mexico will be decimated.&nbsp; That will likely be an opportunity for long-term investors to back up the truck and buy stocks in Mexico.&nbsp; The reason is that there are simply not enough people in the U.S. to support economic growth and on-shoring of all of the manufacturing from China.&nbsp;&nbsp;</li>
<li>The chart shows Mexico ETF EWW is oversold.&nbsp; However, EWW can become more oversold.&nbsp;</li>
<li>Mexico ETF EWW can easily fall to the top support zone shown on the chart.&nbsp;&nbsp;</li>
<li>In The Arora Report analysis, the back up the truck buying opportunity will tentatively occur if Mexico ETF EWW falls to the lower support zone shown on the chart.&nbsp; However, this is all data dependent.&nbsp; Investors should carefully follow the data points.&nbsp;</li>
<li>Investors need to look ahead and be prepared if the opportunity in Mexico arises.&nbsp; Mexico has been continuously covered in The Arora Report&#8217;s ZYX Emerging for 17 years.&nbsp; As full disclosure, if there is a back up the truck buying opportunity, a signal will be made in The Arora Report&#8217;s Real Time Feed of ZYX Emerging.&nbsp; In a buy signal, the support zone is only one of many factors.&nbsp; The algorithms used by The Arora Report are highly complex and combine the best elements of macro analysis, fundamental analysis, technical analysis, and quantitative analysis with an overlay of change.&nbsp; Identifying change early and being prepared to capture opportunity leads to big gains.&nbsp;&nbsp;</li>
<li>Trump is also threatening Canada with steep tariffs.  If Canadian stocks are decimated, there will be an opportunity to buy Canada ETF iShares MSCI Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>).  Again, investors need to be prepared ahead of time to capture the opportunity if it arises.  As full disclosure, a signal to buy Canadian stocks will be in The Arora Report&#8217;s ZYX Allocation.  </li>
<li>Yesterday evening, when the news broke of Trump's tariff plan, stock futures were first quickly sold.&nbsp; Then, the momo crowd stepped in and has been aggressively buying the dip.&nbsp;&nbsp;</li>
<li>There are important developments in bitcoin.&nbsp; Please scroll down to the bitcoin section below.&nbsp;&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are neutral in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) and&nbsp;Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
At a time when almost everyone is bullish on Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and cryptos, money flows are at a record to short bitcoin.  As an example, money flows in ProShares UltraShort Bitcoin ETF (ARCA: SBIT) were at a record $18.8M yesterday.  Of course, money flows in short bets on bitcoin pale in comparison to money flows in long bets.  
Bitcoin whales took profits in the zone of $93,000 &#8211; $98,000, taking advantage of super excited retail investors.&nbsp; At a time when retail investors were converting their dollars into bitcoins, bitcoin whales were converting their bitcoins into dollars. 
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.&nbsp;
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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Back Up The Truck Buying Opportunities May Be Ahead, Record Bets On Bitcoin Drop

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