Latest news for Reelcause (OTC:RCIT) Stock

Reelcause Inc focuses on commercializing patented technology related to new renewable energy projects. Its Product family include hydrogen gas range, hydrogen boiler, hydrogen hot air fan, hydrogen water purifier, hydrogen water source wave, hydrogen drone, hydrogen ene farm, and realization of smart farm using hydrogen boiler.

Reelcause Inc

Earnings

News

PNC Financial Services Q2 Net Interest Income Decreases To $3.302B Compared With $3.510B YoY; Q2 Noninterest Income Totals $2.109B Higher Than $1.783B YoY

Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) is scheduled to release its financial results for the second quarter, before the <a href="https://www.benzinga.com/quote/MS/earnings">opening bell on Tuesday, July 16.</a>
Analysts expect the New York-based company to report quarterly earnings at $1.65 per share, up from $1.24 per share in the year-ago period. Morgan Stanley expects to post revenue of $14.3 billion. It posted $13.08 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Morgan Stanley is set to launch an AI-powered assistant to enhance the workflow of its financial advisors. The AI assistant, named Debrief, will automate the note-taking process during client meetings, creating draft emails and summaries of the discussions, CNBC reported recently.
Morgan Stanley shares gained 1.1% to close at $105.26 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/MS/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Oppenheimer analyst Chris Kotowski maintained an Outperform rating and raised the price target from $101 to $105 on April 30. This analyst has an accuracy rate of 84%.</li>
<li>BMO Capital analyst James Fotheringham maintained an Outperform rating and boosted the price target from $115 to $118 on April 18. This analyst has an accuracy rate of 73%.</li>
<li>B of A Securities analyst Michael Carrier maintained a Buy rating and increased the price target from $100 to $106 on April 17. This analyst has an accuracy rate of 80%.</li>
<li>Keefe, Bruyette &amp; Woods analyst David Konrad maintained a Market Perform rating and raised the price target from $94 to $98 on April 17. This analyst has an accuracy rate of 75%.</li>
<li>CFRA analyst Kenneth Leon maintained a Buy rating and increased the price target from $97 to $108 on April 16. This analyst has an accuracy rate of 77%.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39770776/over-18m-bet-on-this-tech-stock-check-out-these-4-stocks-insiders-are-buying">Over $18M Bet On This Tech Stock? Check Out These 4 Stocks Insiders Are Buying</a></li>
</ul>

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

Morgan Stanley Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Earnings Beats

CORRECTION: Bank of America Q2 2024 GAAP EPS $0.83 Beats $0.80 Estimate, Sales $25.537B Beat $25.220B Estimate

Dividends

Bank of America Announced Plans For An 8% Increase In Quarterly Common Stock Dividend, To $0.26 Per Share, Pending Board Approval

Bank of America Q2 Consumer Banking Revenue $10.2B, Down 3%; Sales And Trading Revenue Up 9%, Total Investment Banking Fees Up 29%

Guidance

Health Care

General

ANGO

AngioDynamics Forecasts Fiscal Year 2025 Adjusted EPS Of $(0.38)-$(0.42), Compared To Fiscal 2024 Pro Forma Adjusted EPS Of $(0.45) Versus Consensus Of $(0.49)

CORRECTION: Bank of America Q2 Provision For Credit Losses $1.5B, Up From $1.1B YoY; Avg. Deposit Balances $1.91T, Up 2% (Corrects Quarter)

<ul>
<li>Med Tech net sales are expected to grow in the range of 10% to 12%</li>
<li>Med Device net sales are expected to grow in the range of 1% to 3%</li>
<li>Gross margin to be approximately 52% to 53%</li>
<li>Adjusted EBITDA loss of $2.5 million to $0, compared to a pro forma adjusted EBITDA loss of $3.2 million in fiscal 2024</li>
</ul>

AngioDynamics Forecasts Fiscal Year 2025 Sales Of $282M-$288M, Representing Growth Of 4.2% – 6.4% Over Fiscal 2024 Pro Forma Revenue Of $270.7M Versus Consensus Of $287.68M

WIIM

Bank Of America shares are trading higher following better-than-expected Q2 financial results.

Wolfe Research analyst Shweta Khajuria initiates coverage on Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) with a Outperform rating and announces Price Target of $80.

Initiation

SHOP

Wolfe Research Initiates Coverage On Shopify with Outperform Rating, Announces Price Target of $80

SILO

Silo Pharma shares are trading higher after the company obtained an exclusive global license to develop, manufacture, and commercialize its Alzheimer's drug.

Wolfe Research analyst Shweta Khajuria initiates coverage on PubMatic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PUBM#NASDAQ">PUBM</a>) with a Outperform rating and announces Price Target of $25.

PUBM

Wolfe Research Initiates Coverage On PubMatic with Outperform Rating, Announces Price Target of $25

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) reportedly plans to drill up to 30 wells for its seventh oil project in Guyana, named Hammerhead.
Pending government approval, the project is set to begin production in 2029, boosting Guyana&#8217;s capacity to over 1.4 million barrels of oil per day, reported Reuters.
Exxon plans for the vessel to store 1.4 to 2 million barrels of oil. The floating production unit, a converted VLCC, will be located 15 km (9 miles) southwest of Liza Destiny, Exxon&#8217;s first platform in Guyana.
As per the report, Exxon anticipates Hammerhead will produce 120,000-180,000 barrels of crude daily, less than the 250,000 barrels per day from its largest vessels in Guyana.
Last month, as per government data, Guyana&#8217;s lucrative agreement with an Exxon Mobil-led consortium in the South American country generated <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39479711/exxon-mobil-rakes-in-billions-from-guyana-oil-deal-net-margin-tops-chip-giant-report" rel="noreferrer noopener">$6.33 billion for the partners</a>.
In particular, as per Guyana government filings, Exxon reported a net profit of $2.9 billion, its partner Hess Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>) earned $1.88 billion, and CNOOC gained $1.52 billion from the Stabroek joint venture.
Notably, in April, Exxon and Hess made a final investment decision for the Whiptail development offshore Guyana worth $12.7 billion following receiving the required&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38221117/guyanas-oil-spigot-wide-open-exxon-hess-sanction-massive-12-7b-oil-project" rel="noreferrer noopener">government and regulatory approvals</a>.&nbsp;
Investors can gain exposure to the XOM via&nbsp;Energy&nbsp;Select&nbsp;Sector&nbsp;SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) and IShares U.S.&nbsp;Energy&nbsp;ETF&nbsp;(ARCA: IYE).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39670123/exxon-mobils-stock-slides-oil-up-gas-down-makes-for-mixed-q2-earnings-outlook" rel="noreferrer noopener">Exxon Mobil&#8217;s Stock Slides: Oil Up, Gas Down Makes For Mixed Q2 Earnings Outlook</a>
Price Action: XOM shares are down 0.06% at $115.14 premarket at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Del Henderson Jr. via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39746845/exxon-mobil-arbitration-throws-wrench-in-chevron-hess-merger-timeline-report" target="_blank" rel="noreferrer noopener">Exxon Mobil Arbitration Throws Wrench in Chevron-Hess Merger Timeline: Report</a></li>
</ul>

Equities

Large Cap

Media

Exxon To Drill Up To 30 Wells In Guyana's Hammerhead Project, Boosting Daily Output: Report

PNC Finl Servs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>) reported quarterly earnings of $3.39 per share which missed the analyst consensus estimate of $4.41 by 23.13 percent. The company reported quarterly sales of $5.411 billion which missed the analyst consensus estimate of $5.412 billion by 0.02 percent. This is a 2.23 percent increase over sales of $5.293 billion the same period last year.

Earnings Misses

PNC Finl Servs Gr Q2 2024 GAAP EPS $3.39 Misses $4.41 Estimate, Sales $5.411B Miss $5.412B Estimate

Wolfe Research analyst Shweta Khajuria initiates coverage on Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) with a Peer Perform rating.

PINS

Wolfe Research Initiates Coverage On Pinterest with Peer Perform Rating

Former Ford Motor Co. CEO Mark Fields expressed doubts about General Motors Corp.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) ability to achieve mass adoption of its electric vehicles (EVs).
What Happened: Fields, in a comment on GM&#8217;s EV push, stated during CNBC&#8217;s &#8220;Last Call&#8221; on Tuesday, "Getting early adopters is one thing. Getting mass adoption is much harder." 
The comment appeared after GM announced a delay in its EV production target of one million units beyond 2025. Fields called this move a &#8220;huge pivot&#8221; for the company which had planned to stop producing gas cars completely from 2035 and produce 2 million EVs annually by 2026.
"They're the most exposed and they're also the latest to hybrids, their hybrids aren't going to be in the marketplace for another couple of years,&#8221; Fields added. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">"Getting early adopters is one thing. Getting mass adoption is much harder," says Mark Fields on GM&#39;s EV push. "They're the most exposed and they're also the latest to hybrids, their hybrids aren't going to be in the marketplace for another couple years."$GM <a href="https://t.co/T546sKh34W">pic.twitter.com/T546sKh34W</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1813001390039425150?ref_src=twsrc%5Etfw">July 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/07/39743338/s-p-500-to-plunge-more-than-20-near-term-top-economist-breaks-down-broader-market-vs-small-cap-d?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">S&amp;P 500 To Plunge More Than 20% Near Term? Top Economist Breaks Down Broader Market Vs. Small-Cap Divergence After June CPI Report</a>
Why It Matters: GM recently announced a delay in its EV production target of one million units beyond 2025. CEO Mary Barra attributed this to the <a href="https://www.benzinga.com/markets/equities/24/07/39786382/gm-delays-1m-ev-production-target-beyond-2025-market-isnt-developing-were-going-to-be-guided-by-">market&#8217;s slower development</a>, stating, "We will not get to a million just because the market is not developing."
Despite the delay, Barra reiterated the company&#8217;s commitment to an all-electric future, emphasizing the importance of the vehicle as a software platform.
GM&#8217;s EV strategy has <a href="https://www.benzinga.com/markets/equities/24/07/39727305/biden-administration-injects-1-7b-into-ev-manufacturing-facilities-of-general-motors-stellantis-">received significant support</a> from the Biden administration, which recently granted nearly $1.1 billion to GM and Chrysler-parent Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) to transform their facilities into EV manufacturing hubs. This initiative aims to enable these facilities to produce 1 million EVs annually.
Price Action: On Tuesday, at the time of writing, GM was trading 0.26% higher at $49.43 after closing at $49.30 on Monday, according to <a href="https://pro.benzinga.com">Benzinga Pro.</a>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39761977/trumps-crypto-portfolio-takes-a-hit-robert-kiyosaki-bats-for-bitcoin-and-more-top-crypto-u?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Crypto Portfolio Takes A Hit, Robert Kiyosaki Bats For Bitcoin And More: Top Crypto Updates This Week</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

STLA

Former Ford CEO Says GM's Hybrids Will Not Hit Market For 'Another Couple Years:' 'Getting Mass Adoption Is Much Harder'

VIAV

VIAVI Launches Sensing Solutions For Fiber Optic Cables And Fiber-Enabled Critical Infrastructure

On Monday, July 15th, U.S. stock markets closed higher, continuing Friday&#8217;s rally, as hopes for a second Trump presidency and a looser regulatory environment rose after a failed assassination attempt. Although all three major U.S. stock indexes closed significantly below their intraday peaks, the Dow Jones Industrial Average achieved a record closing high.
According to the economic data, the NY Empire State Manufacturing Index fell to -6.6 in July, below the expected -6.
Energy shares had the largest gain among the 11 S&amp;P 500 sectors, while utilities lagged.
The Dow Jones Industrial Average was up 0.53% and closed at 40,211.72. The S&amp;P 500 gained 0.28%, ending the day at 5,631.22, and the Nasdaq Composite rose 0.42%, finishing the session at 18,475.86.
Asian Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 closed higher by 0.22%, ending the session at 41,282.50, led by gains in the Real Estate, Transportation Equipment, and Fishery sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 declined 0.23%, ending the day at 7,999.30, led by losses in the Metals &amp; Mining, Materials, and Information Technology sectors.</li>
<li>India&#8217;s Nifty 50 closed higher by 0.07% at 24,602.70, and Nifty 500 slid 0.04% to 23,200.35.</li>
<li>China&#8217;s Shanghai Composite was up 0.08%, ending the session at 2,976.30, and the Shenzhen CSI rose 0.63%, closing at 3,498.28.</li>
<li>Hong Kong&#8217;s Hang Seng ended the session lower by 1.60% at 18,015.94.</li>
</ul>
Eurozone at 06:00 AM ET
<ul>
<li>The European STOXX 50 index declined 0.58%.</li>
<li>Germany&#8217;s DAX fell 0.47%.</li>
<li>France&#8217;s CAC was down 0.69%.</li>
<li>U.K.&#8217;s FTSE 100 traded lower by 0.17%.</li>
</ul>
Commodities at 06:00 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.79% at $80.20/bbl, and Brent was down 0.73% at $84.23 bbl.</li>
<li>Oil prices dipped on Tuesday amid concerns over slowing Chinese demand despite expectations of U.S. Fed rate cuts. China&#8217;s Q2 growth missed forecasts, raising doubts about its oil demand.</li>
<li>Natural Gas gained 0.46% to $2.168.</li>
<li>Gold was trading higher by 0.76% at $2,447.40, Silver rose 0.76% to $31.133, and Copper slid 0.27% to $4.5145.</li>
</ul>
US Futures at 06:00 AM ET
Dow futures were up 0.07%, S&amp;P 500 futures rose 0.04%, and Nasdaq 100 Futures rose 0.06%.
Forex at 06:00 AM ET
The U.S. dollar index gained 0.07% to 104.26, the USD/JPY rose 0.24% to 158.39, and the USD/AUD rose 0.18% to 1.4820.
Global shares dipped as investors reacted to Trump&#8217;s victory trades and a stronger dollar, weakening the yen. Fed Chair Powell&#8217;s inflation comments boosted hopes for a rate cut while focus remained on Trump&#8217;s <a href="https://www.benzinga.com/general/politics/24/07/39761947/gunman-dead-trump-rally-attendee-killed-says-local-da-former-president-comes-under-fire-in-penns" target="_blank" rel="noreferrer noopener">attempted assassination</a> and his VP nomination of J.D. Vance.
Photo via Shutterstock.

Asia

Emerging Markets

Eurozone

Futures

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 Mixed, European Markets Fall, While Gold Heads Toward All Time High - Global Markets Today While US Slept

AngioDynamics Q4 2024 Adj EPS $(0.05) Beats $(0.16) Estimate, Sales $71.122M Beat $70.891M Estimate

NUVL

Nuvalent To Present Updated Data From ARROS-1 Phase 1/2 Clinical Trial Of zidesamtinib And ALKOVE-1 Phase 1/2 Clinical Trial Of NVL-655 at ESMO Congress 2024

Reelcause