Option chain shows key data for Siemens's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Siemens.

Siemens (OTC:SIEGY) Stock, Option Chain

Siemens

Siemens is a multi-industry company focused on the areas of automation, electrification, mobility, and healthcare. Its top three geographic regions—the United States, Germany, and China—contribute over half of group revenue. Siemens has a 75% investment in separately listed Siemens Healthineers. Recent portfolio activity included the listing of Siemens Energy, spinning out its power and gas and Siemens Gamesa business divisions in 2020.

eVTOL-ai

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SIEGY

The clean tech revolution is rapidly advancing with eVTOLs and EV infrastructure playing pivotal roles. Key players like ChargePoint and Siemens are shaping sustainable mobility, with a focus on innovation and growth. Challenges remain, but the future looks promising.

ChargePoint, Siemens Power EV Revolution As eVTOL Industry Prepares For Liftoff

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Siemens Energy reportedly plans to expand and hire over 10,000 employees to boost its electricity grid business amid challenges in its wind turbine division.

Siemens Energy Powers Up Grid Business,10,000 New Hires Fuel Growth Plan: Report

Businessman.Market.Ahead.Shutterstock

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Schneider Electric and Bentley Systems are in talks, hinting at a major shift in engineering software. The French industrial leader eyes Bentley&#39;s renowned solutions, with a potential merger valued at over $15 billion,. Despite uncertainties, this move underscores Schneider&#39;s strategic drive, echoing its history of aggressive acquisitions to fortify its software arm against industry titans.

What&#39;s Going On With Bentley Systems Stock Amid Multibillion-Dollar Merger Talks?

Siemens AG

Just Eat Takeaway.com (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JTKWY#OTC">JTKWY</a>) has announced the sale of its U.S. food delivery business, Grubhub, to Wonder Group for an enterprise value of $650 million.
What Happened: This deal follows ongoing efforts to divest Grubhub after pressure from investors. The transaction is expected to generate net proceeds of up to $50 million for Just Eat Takeaway after adjustments. 
The completion is set for the first quarter of 2025, pending regulatory approval. The sale is aimed at improving Just Eat's financial position, supporting investment in key markets, and boosting cash flow. 
Wonder, which acquired meal kit company Blue Apron in 2023, plans to integrate Grubhub into its food service platform. Shares of Just Eat rose 20% following the announcement. 
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/41960833/cathie-wood-cashes-out-on-rocket-labs-28-surge-in-9m-share-sale-but-expands-bet-on-flying-cars">Cathie Wood Cashes Out On Rocket Lab&#8217;s 28% Surge in $9M Share Sale But Expands Bet On Flying Cars</a></li>
</ul>
Image Via Pixabay 
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/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Global

Markets

JTKWY

Just Eat Takeaway Sells Grubhub To Wonder For $650M, Marking Strategic Exit From US Market

NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang on Wednesday said that he passed on an opportunity to acquire full ownership of the chipmaker, now valued at $3.6 trillion when SoftBank Group&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) Masayoshi Son offered financial backing years ago.
What Happened: During a candid exchange at Nvidia&#8217;s AI summit in Tokyo, Huang revealed that Son approached him about a decade ago with an offer to help finance a complete buyout of Nvidia, believing the stock market undervalued the company at the time.
&#8220;Now I regret not taking you up,&#8221; Huang told Son during their public conversation. &#8220;That was a great idea.&#8221;
The conversation took a lighter turn when Son playfully pretended to cry on Huang&#8217;s shoulder after discussing <a href="https://www.benzinga.com/markets/equities/24/06/39429393/regret-missing-out-on-nvidia-rally-youre-not-alone-as-softbanks-masayoshi-son-laments-157b-lost-">SoftBank&#8217;s early exit from Nvidia investments</a>. &#8220;We can cry together,&#8221; Huang joked. &#8220;Could you imagine if today, you were the largest shareholder?&#8221;
See Also: <a href="https://www.benzinga.com/24/11/41960833/cathie-wood-cashes-out-on-rocket-labs-28-surge-in-9m-share-sale-but-expands-bet-on-flying-cars">Cathie Wood Cashes Out On Rocket Lab&#8217;s 28% Surge in $9M Share Sale But Expands Bet On Flying Cars</a>
Why It Matters: Nvidia&#8217;s remarkable ascent has been fueled by the artificial intelligence boom, with the company&#8217;s chips playing a crucial role in powering AI technologies. The company&#8217;s stock has surged nearly 200% this year alone, propelling Huang&#8217;s net worth to $128 billion and making him the 11th richest person globally, according to the Bloomberg Billionaires Index.
The discussion preceded the announcement of a new <a href="https://www.benzinga.com/news/global/24/11/41929194/nvidia-and-softbank-to-build-japans-top-ai-supercomputer-on-blackwell-platform-jensen-huang-says-tokyo-is-leaping-into-the-ai-industrial-revolution">partnership between Nvidia and SoftBank</a> to develop Japan&#8217;s most powerful AI supercomputer, marking a significant development in Japan&#8217;s AI infrastructure expansion.
Son, who ranks 133rd on Bloomberg&#8217;s wealth index with a $15.9 billion fortune, has seen his wealth increase by more than $5 billion this year, though that pales in comparison to what might have been had SoftBank retained its earlier Nvidia investments.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/41961054/softbank-returns-to-profit-driven-by-indian-ipos-whats-next-for-masayoshi-son">SoftBank Is In Profit Once Again Thanks To Indian IPOs: What&#8217;s Next For Masayoshi Son?</a></li>
</ul>
Image via Shutterstock
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NVDA

SFTBF

SFTBY

Nvidia's CEO Reveals The Massive Deal He Missed And Why It Is Today A $3.6 Trillion Regret

The Department of Government Efficiency aka DOGE, not Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), which is going to be formed with Elon Musk and Vivek Ramaswamy at the helm, could be a &#8220;quid-pro-quo riddled with conflicts of interest,&#8221; said the Bill Clinton-era secretary of labor, Robert Reich.
What happened: Reich took to his Instagram and X to question the intentions behind forming this task force. &#8220;It should be clear that this new Department of Government Efficiency for Musk isn&#8217;t actually about efficiency. It&#8217;s simply a quid-pro-quo riddled with conflicts of interest,&#8221; he opined.
Taking a jibe at the President-elect Donald Trump he further said, &#8220;Anything and everything will always be for sale under Trump. Musk is just the latest person to take advantage of this.&#8221;
As per the <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">notice</a> shared by Trump, the initiative is expected to focus on dismantling bureaucracy, reducing regulations, and cutting wasteful expenditures. The department is scheduled to complete its work by July 4, 2026, coinciding with America&#8217;s 250th independence anniversary.
<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">So the richest man in the world spent $130 million to elect Donald Trump. Now he&#39;s being put in charge of a &quot;government efficiency&quot; agency while controlling corporations with billions in government contracts that are also under federal investigations. See how this works?
&mdash; Robert Reich (@RBReich) <a href="https://twitter.com/RBReich/status/1856746613190095237?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Also read: <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">Trump Appoints Elon Musk And Vivek Ramaswamy To Lead &#8216;DOGE,&#8217; Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: &#8216;We Will Not Go Gently&#8217;</a>
According to <a href="https://www.nytimes.com/2024/10/20/us/politics/elon-musk-federal-agencies-contracts.html">The New York Times</a>, Musk's businesses, including SpaceX and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), were scheduled to receive approximately $3 billion in federal contracts from 17 agencies in 2023. Furthermore, his companies have been the subject of at least 20 federal investigations or reviews. These factors have led to concerns about potential conflicts of interest arising from a Musk-led federal commission.
Sharing an NY Times graphic, Reich asked, &#8220;What do you think he&#8217;ll cut first in the name of efficiency — the billions of dollars in government contracts his corporations control or your Social Security and Medicare benefits?&#8221;
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="590" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14002014/robert-reich-1024x590.png" alt="" class="wp-image-646940" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14002014/robert-reich-1024x590.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14002014/robert-reich-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14002014/robert-reich-768x442.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14002014/robert-reich.png 1393w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Also read: <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">Trump Forms DOGE With Elon Musk And Vivek Ramaswamy At The Helm: Will It Impact Tesla CEO&#8217;s Role At The EV Giant And SpaceX?</a>
Why It Matters: As the department promises to restructure federal agencies and reduce government spending, it is still unclear if the committee would come under the Federal Advisory Committee Act, which dictates how external groups that advise the government must operate and be accountable to the public.
"Since this is not an official Cabinet or US government position and it&#8217;s essentially newly created, there will be NO changes to Musk's CEO roles with Tesla and SpaceX importantly from the Street's perspective," said Wedbush's Dan Ives.
Such external advisory committees have played an important role in shaping federal programs and policies in the past; former presidents Ronald Reagan and Bill Clinton established similar task forces. However, it is still ambiguous how President-elect Trump, along with unconventional businessman Elon Musk and former presidential candidate Vivek Ramaswamy, will structure and lead this committee.
Image via Flickr/ Wikimedia Commons
Read next:&nbsp;<a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction" target="_blank" rel="noreferrer noopener">Trump&#8217;s Potential ‘Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: ‘Shoot First Reaction&#8217;</a>

Government

Politics

$DOGE

TSLA

Trump's DOGE With Musk At The Helm 'Riddled With Conflicts Of Interest' Says, Clinton-Era Official Robert Reich

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Unemployment Rate For October Unchanged At 4.1%

Reported Earlier, Australia Full Employment Change For October 9.7K Vs. 48.8K (Revised) Prior

Reported Earlier, Australia Employment Change For October 15.9K Vs. 25.2K Est.; 61.3K (Revised) Prior

Meme coins have been on the charge this year, as a marked improvement in overall market sentiment has propelled tokens to skyrocketing returns in 2024.
What happened: Cat-themed cryptocurrency, Popcat has been the star performer, exploding as much as 23,895% year-to-date.&nbsp;
The Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)-based coin had a market capitalization of nearly $1.9 billion as of this writing, ranking eighth among meme tokens.
In the last 24 hours, POPCAT blasted to a record high of $1.99, with a 66.66% jump in trading volumes.
Some of the other big gainers have been dogwifhat, which was up over 2500% year-to-date, and frog-themed Pepe, which returned 1246% to its holders since the year began.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>YTD Gains +/-</td>
<td>Price (Recorded at 11:00 p.m. EDT)</td>
</tr>
<tr>
<td>Popcat (POPCAT)</td>
<td>+23895.24%</td>
<td>$1.93</td>
</tr>
<tr>
<td>dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>)</td>
<td>+2574.99%</td>
<td>$4.09</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>+1246.17%</td>
<td>$0.0000233</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+333.75%</td>
<td>$0.3881</td>
</tr>
</tbody>
</table>
</figure>
Both PEPE and WIF rallied sharply in the last 24 hours after premium cryptocurrency exchange Coinbase <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41945111/pepe-listed-on-robinhood-coinbase-reaches-new-all-time-high-on-44-gain-traders-speculate-about-dogecoin-like-run">announced listing</a> the two tokens for trading. While Pepe jumped 80%, WIF popped 41% in the said time period. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
In comparison, Dogecoin, the largest meme coin by market value, experienced a modest 333% increase this year.
However, the "original meme coin" stands to benefit from the establishment of D.O.G.E., an acronym for <a href="https://www.benzinga.com/24/11/41961161/musk-ramaswamy-headed-doge-department-will-be-an-incredibly-challenging-endeavor-says-ted-cruzshares-this-piece-of-advice">Department of Government Efficiency</a>, headed by Elon Musk in the incoming Donald Trump administration.&nbsp;
Overall, the meme coin sector expanded by monumental proportions in 2024, adding nearly $95 billion to the cumulative market capitalization.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/41928272/cathie-woods-ark-invest-foresees-crypto-industry-boost-under-incoming-trump-administration">Cathie Wood-Led Ark Sees Boost For Bitcoin, Crypto Under Trump Administration, Says IPO Window For Circle, Kraken Could Reopen</a></li>
</ul>

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

Cryptocurrency

$PEPE

$SOL

$WIF

Dogecoin Shot Up Over 300% In 2024 But Cat-Themed Popcat is The Real Top Dog With 23800% Returns This Year

Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO co-founder, Mark Zuckerberg, has joined forces with renowned rapper T-Pain to release a cover of Lil Jon&#8217;s &#8220;Get Low.&#8221; 
What Happened: On Wednesday, Zuckerberg and T-Pain shared the reimagined high-energy track into a slower tempo song on Instagram, which featured an acoustic guitar.
Zuckerberg&#8217;s autotuned voice is prominent, singing the lyrics, with T-Pain making an appearance halfway through the song.
On Instagram, Zuckerberg said, &#8220;&#8216;Get Low&#8217; was playing when I first met Priscilla at a college party, so every year we listen to it on our dating anniversary.&#8221;
See Also: <a href="https://www.benzinga.com/tech/24/11/41872968/amazon-offers-early-black-friday-deals-with-up-to-350-off-on-apple-macbooks-heres-more?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amazon Offers Early Black Friday Deals With Up To $350 Off On Apple MacBooks: Here&#8217;s More</a>
At the time of writing, the song wasn&#8217;t playing on Instagram&#8217;s web app, even though Zuckerberg tried to include it in his post. Users can listen to the track on Instagram&#8217;s smartphone app. The track is also available on Spotify.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13233549/Screenshot-2024-11-14-at-10.05.37%E2%80%AFAM-1024x610.png" alt="" class="wp-image-646837" /><figcaption class="wp-element-caption">Source: Instagram</figcaption></figure>
Why It Matters: Zuckerberg's public image has shifted dramatically from the stereotypical "tech bro" in gray t-shirts to a more polished, <a href="https://www.benzinga.com/news/24/05/38865744/carthago-delenda-est-was-mark-zuckerbergs-cryptic-birthday-tee-a-meta-message-or-a-party-joke">fashion-forward CEO</a>, signaling a strategic rebranding.
While the makeover has <a href="https://www.benzinga.com/news/23/09/34949713/from-evil-mark-to-great-philanthropist-meta-ceo-zuckerberg-opts-for-a-bill-gates-style-metamorphosis">helped improve his public image</a>, making him seem more approachable <a href="https://www.benzinga.com/news/23/06/32807615/how-mark-zuckerberg-harnesses-jiu-jitsu-to-run-meta-better-your-ability-to-keep-doing-interesting-th">and authentic</a>, critics argue it distracts from ongoing concerns about Meta's societal impact.
Last month, Meta, formerly known as Facebook, reported <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">third-quarter revenue</a> of $40.59 billion, surpassing analyst estimates of $40.29 billion.
The company also reported third-quarter adjusted earnings of $6.03 per share, beating analyst estimates of $5.25 per share.
Read Next:
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<li><a href="https://www.benzinga.com/media/24/11/41873261/apples-ios-18-1-update-adds-inactivity-reboot-to-lock-down-unused-iphones-heres-how-it-protects-your-privacy?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple&#8217;s iOS 18.1 Update Adds &#8216;Inactivity Reboot&#8217; To Lock Down Unused iPhones — Here&#8217;s How It Protects Your Privacy</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

Entertainment

Mark Zuckerberg Teams Up With T-Pain For A Jaw-Dropping 'Get Low' Cover — Prepare For The Z-Pain Experience You Didn't Know You Needed

Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) bullish turn since early September has reflected well on MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), with the proxy firm increasing its valuation by $50 billion in the last two months.
What happened: Widely considered a TradFi alternative to holding Bitcoin, shares of MicroStrategy <a href="https://www.benzinga.com/markets/equities/24/11/41892752/microstrategy-shares-hit-24-year-high-jumps-most-since-dot-com-bubble-as-bitcoin-trades-at-record-levels">hit a record closing high</a>, past $350, earlier this week. The surge marked the highest level for the shares since the dot-com bubble in March 2000.
The rally propelled the firm's market valuation to $72.26 billion, reflecting an increase of $50 billion since Sept. 6, or 225%. Just for context, the gain was higher than the total capitalization of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and Cognizant Technology Solutions Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>).
Year-to-date, MicroStrategy has leaped 374%, outperforming some of the hottest stocks on Wall Street, including the "Magnificent Seven."
The upswing coincided with the record-breaking play of Bitcoin, which was swiftly approaching the $100,000 milestone. Since Sept. 6, Bitcoin has surged more than 60% in value.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Why It Matters: The Bitcoin portfolio of MicroStrategy—a company that has pioneered the leading cryptocurrency's corporate adoption—has ballooned past a whopping $25 billion, <a href="https://bitcointreasuries.net/">according </a>to data from bitcointreasuries.net.&nbsp;
At an average acquisition price of $11.92 billion, the firm racked up over $13 billion in unrealized profit on its Bitcoin purchases.&nbsp;
In its third-quarter results report, the company <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41646462/michael-saylor-says-bitcoin-remedy-to-fix-unhealthy-balance-sheets-as-microstrategy-unveil">announced plans</a> to raise as much as $42 billion in equity and debt funding over the next three years to accumulate more Bitcoin.
Price Action: At the time of writing, Bitcoin was exchanging hands at $89,917.11, up 3.06% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Shares of MicroStrategy were up 2.87% in after-hours trading, after pulling back 7.91% during Wednesday's regular trading session.
Image via Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/11/41928272/cathie-woods-ark-invest-foresees-crypto-industry-boost-under-incoming-trump-administration">Cathie Wood-Led Ark Sees Boost For Bitcoin, Crypto Under Trump Administration, Says IPO Window For Circle, Kraken Could Reopen</a></li>
</ul>

$BTC

CTSH

MSTR

Bitcoin Proxy MicroStrategy Added More To Its Market Cap In Last 2 Months Than What Ford Is Worth Currently

Rocket Lab USA Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock <a href="https://www.benzinga.com/news/contracts/24/11/41941068/rocket-lab-stock-is-blasting-off-wednesday-whats-going-on">surged nearly 30% in trading on Wednesday</a> following strong third-quarter results, with CEO Peter Beck highlighting the company&#8217;s expanding presence across multiple space sectors during an interview.
What Happened: The space company reported third-quarter revenue of $104.81 million, exceeding analyst expectations and marking a 55% year-over-year increase. Beck emphasized the company&#8217;s growing $1.05 billion backlog for their small Electron rocket and confirmed the larger Neutron rocket remains on schedule for its debut launch next year.
&#8220;Launch is super important; it&#8217;s literally the key to space,&#8221; Beck <a href="https://www.youtube.com/watch?v=Hf3WnoKvrGU">told</a> CNBC&#8217;s Morgan Brennan. &#8220;But the Space Systems group is what enables us to build infrastructure in orbit.&#8221; He noted the division currently has over 40 spacecraft in backlog, ranging from Mars missions to telecommunications and national security projects.
Addressing potential political implications, Beck expressed optimism about space policy under President-elect Donald Trump&#8216;s administration, citing its focus on space, national defense, and efficient contracting. &#8220;When space does well, Rocket Lab does well,&#8221; he stated.
See Also: <a href="https://www.benzinga.com/24/11/41961054/softbank-returns-to-profit-driven-by-indian-ipos-whats-next-for-masayoshi-son">SoftBank Is In Profit Once Again Thanks To Indian IPOs: What&#8217;s Next For Masayoshi Son?</a>
Why It Matters: The company&#8217;s recent performance has been remarkable, with shares up more than 350% over six months. Beck attributed this partly to investors&#8217; growing understanding of Rocket Lab&#8217;s position as the second-largest space company behind Elon Musk-led SpaceX, which is valued at over $200 billion compared to Rocket Lab&#8217;s sub-5% relative valuation.
Looking ahead, Rocket Lab <a href="https://www.benzinga.com/general/space/24/11/41922070/rocket-lab-q3-earnings-revenue-beat-eps-beat-continued-strong-demand-growth-multi-launch-agreement-air-force-award-and-more">projects fourth-quarter revenue</a> between $125 million and $135 million, anticipating continued growth through year-end. The company has also secured new contracts, including a multi-launch agreement with a commercial satellite constellation operator and an $8 million award from the U.S. Air Force Research Laboratory.
Price Action: Rocket Lab stock closed at $18.83 on Wednesday, up 28.44% for the day. In after-hours trading, the stock dipped 0.58. Year-to-date, Rocket Lab has surged 254.61%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/24/11/41960833/cathie-wood-cashes-out-on-rocket-labs-28-surge-in-9m-share-sale-but-expands-bet-on-flying-cars">Cathie Wood Cashes Out On Rocket Lab&#8217;s 28% Surge in $9M Share Sale But Expands Bet On Flying Cars</a></li>
</ul>
Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

SPACE

RKLB

Rocket Lab CEO Touts SpaceX Rival Status, Trump Impact On Space As Stock Surges Almost 30%

Advanced Micro Devices&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) has reportedly decided to lay off approximately 1,000 employees, representing 4% of its global workforce.
What Happened: AMD is realigning its resources to compete with Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) in the data center chip market, reported Reuters.
&#8220;As a part of aligning&nbsp;our resources with our largest&nbsp;growth opportunities, we are taking&nbsp;a number of targeted steps,&#8221;&nbsp;an AMD spokesperson told the publication.
The company has been aggressively investing in the development of AI chips, which command high&nbsp;prices and are in demand among hyperscalers like Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
See Also:&nbsp;<a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Appoints Elon Musk And Vivek Ramaswamy To Lead &#8216;DOGE,&#8217; Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: &#8216;We Will Not Go Gently&#8217;</a>
The company&#8217;s data center segment, which includes its AI graphics processors, witnessed a more than two-fold increase in revenue in the September quarter.
Analysts forecast that the data center unit will&nbsp;grow 98% in 2024, outpacing&nbsp;the&nbsp;expected total revenue growth of&nbsp;13%. 
AMD plans to start mass production of its MI325X AI chip in fourth-quarter of 2024, although ramping up production is costly due to limited manufacturing capacity
Why It Matters: Last month, AMD reported <a href="https://www.benzinga.com/news/earnings/24/10/41612007/amd-q3-earnings-revenue-beat-eps-in-line-data-center-up-122-significant-growth-opportunities-ahead-">third-quarter revenue of $6.8 billion</a>, surpassing analyst expectations of $6.71 billion. The chipmaker also reported earnings of 92 cents per share, matching analysts&#8217; forecasts, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Prior to the earnings, analysts highlighted concerns about <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41339315/nvidia-and-intel-competition-threaten-amds-growth-analyst-says">AMD&#8217;s ability to maintain</a> a profitable business model in the face of stiff competition from Nvidia and Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>).
Earlier this month, AMD&#8217;s stock saw a <a href="https://www.benzinga.com/news/24/11/41848544/whats-going-on-with-amd-stock-this-week">5% increase in the week following</a> the 2024 U.S. presidential election.
Price Action: AMD shares closed Wednesday&#8217;s session down by 3.01%, finishing at $139.30. However, in after-hours trading, the stock saw a slight uptick, rising to $139.41 as of the latest update.
Image via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/24/11/41890968/bitcoin-kisses-89500-ethereum-dogecoin-extend-trump-victory-rally-how-long-before-btc-hits-100000-analysts-reveal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Hovers Around $90K, Ethereum, Dogecoin Extend Trump Victory Rally: How Long Before BTC Hits $100,000? Analysts Reveal</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

INTC

MSFT

AMD Plans To Cut 4% Of Workforce Amid Strategic Shift Toward AI Chip Development To Rival Jensen Huang-Led Nvidia's Dominance: Report

Senator Ted Cruz (R-Texas) anticipated the newly established Department of Government Efficiency (DOGE) department to yield &#8220;good results&#8221; but warned that Elon Musk and Vivek Ramaswamy would have their work cut out.
What happened: During a podcast with Ben Ferguson, Cruz said he was upbeat about Musk&#8217;s <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">new role </a>in the administration but emphasized the fundamental differences between working for a private company and a government department.
Cruz said he had a phone conversation with Musk and urged the tech tycoon to read the book &#8220;Bureaucracy&#8221; by Austrian economist Ludwig von Mises, who argued why private players may find it difficult to administer a government agency.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I am excited to see Elon Musk use DOGE to make our government more efficient.<a href="https://twitter.com/benfergusonshow?ref_src=twsrc%5Etfw">@benfergusonshow</a> and I break down the Department of Government Efficiency on Verdict &#x1f447;<a href="https://t.co/Et7wlOPL3D">https://t.co/Et7wlOPL3D</a> <a href="https://t.co/hknpqqjQ0X">pic.twitter.com/hknpqqjQ0X</a>
&mdash; Ted Cruz (@tedcruz) <a href="https://twitter.com/tedcruz/status/1856834428770848833?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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The senator emphasized that the incentives in the government department were opposite to the profit motive seen in private companies.
Cruz added he asked Musk to take note of the fact that unlike private institutions, one cannot fire government employees because of civil service protections in place.
"I pointed out to Elon. Look, when you went into Twitter, you fired 60% of the employees. That's the flexibility you have."
On the DOGE connection, Cruz said that the nomenclature was not accidental as everyone knows that Musk is a vocal supporter of Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41873427/shiba-inu-lead-developer-shytoshi-kusama-pitches-s-h-i-b-in-response-to-elon-musks-call-for-new-roles-recommendations-in-trump-administration">Shiba Inu Lead Developer Shytoshi Kusama Pitches S.H.I.B In Response To Elon Musk&#8217;s Call For New Roles Recommendations In Trump Administration</a>
Why It Matters: Cruz and Musk have a friendly relationship, and the senator <a href="https://www.benzinga.com/news/23/08/33691352/ted-cruz-visits-elon-musks-spacex-says-maintaining-american-leadership-in-space-is-critical">previously lauded</a> the SpaceX CEO for maintaining the U.S.&#8217;s leadership in space technology.
A known cryptocurrency advocate, Cruz has invested in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and believes in the upside potential of the leading digital asset.
Price Action: At the time of writing, DOGE was exchanging hands at $0.3853, up 0.92% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Photo by Consolidated News Photos on Shutterstock
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/24/11/41928272/cathie-woods-ark-invest-foresees-crypto-industry-boost-under-incoming-trump-administration">Cathie Wood-Led Ark Sees Boost For Bitcoin, Crypto Under Trump Administration, Says IPO Window For Circle, Kraken Could Reopen</a></li>
</ul>

Ted Cruz Says Running DOGE Won't Be A Cake Walk, Offers Reading Advice To Elon Musk

SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBF#OTC">SFTBF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFTBY#OTC">SFTBY</a>) has made a significant financial turnaround, reporting a profit of $7.8 billion in its latest quarter, largely attributed to successful Indian <a href="https://www.benzinga.com/news/global/24/11/41929194/nvidia-and-softbank-to-build-japans-top-ai-supercomputer-on-blackwell-platform-jensen-huang-says-tokyo-is-leaping-into-the-ai-industrial-revolution">IPOs and improved tech valuations</a>.
What Happened: The Japanese conglomerate&#8217;s profit in the quarter ending September starkly contrasts the $6.05 billion loss in the same period last year, <a href="https://www.ft.com/content/a86569e7-8743-4474-a6a8-13a3f30085e3">reported</a> the Financial Times.
The Vision Fund, known for its high-risk, tech-heavy investments, contributed to this turnaround with a $3.95 billion profit. This is the first time in nine quarters that the Vision Fund&#8217;s cumulative investment gains have turned positive.
Notable IPOs in India, including those of Ola Electric and FirstCry, have significantly boosted SoftBank&#8217;s valuations. The company&#8217;s CFO, Yoshimitsu Goto, highlighted the positive impact of these IPOs, which lifted valuations by $1.7 billion.
Other factors contributing to SoftBank&#8217;s improved financial position include valuation gains at Coupang in South Korea and DiDi in China, as well as a favorable impact on net income from the weak yen.
See Also: <a href="https://www.benzinga.com/24/11/41890968/bitcoin-kisses-89500-ethereum-dogecoin-extend-trump-victory-rally-how-long-before-btc-hits-100000-analysts-reveal?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Hovers Around $90K, Ethereum, Dogecoin Extend Trump Victory Rally: How Long Before BTC Hits $100,000? Analysts Reveal</a>
Why It Matters: SoftBank&#8217;s <a href="https://www.benzinga.com/news/24/08/40387488/masayoshi-sons-plans-to-rival-nvidia-with-softbanks-own-ai-chip-production-hit-a-roadblock-as-intel">interest in AI</a> has been a recurring theme, with CEO Masayoshi Son predicting the advent of artificial superintelligence within a decade.
More recently, SoftBank has been in the news for its plans to rival Nvidia with its own AI chip production. However, these plans hit a roadblock as negotiations with Intel <a href="https://www.benzinga.com/news/24/08/40387488/masayoshi-sons-plans-to-rival-nvidia-with-softbanks-own-ai-chip-production-hit-a-roadblock-as-intel">reportedly fell through</a>. This latest financial success may provide SoftBank with the resources to further pursue its AI ambitions.
In August, SoftBank <a href="https://www.benzinga.com/markets/asia/24/08/40213337/masayoshi-sons-softbank-announces-3-4b-share-buyback-as-vision-fund-tech-arm-yields-investment-gains">announced a $3.4 billion share buyback program</a>, following pressure from concerned shareholders. 
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<li><a href="https://www.benzinga.com/news/legal/24/11/41960485/nvidias-crypto-past-returns-to-haunt-as-supreme-court-signals-green-light-for-lawsuit">Nvidia&#8217;s Crypto Past Returns To Haunt As Supreme Court Signals Green Light For Lawsuit</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/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Asia

SoftBank Is In Profit Once Again Thanks To Indian IPOs: What's Next For Masayoshi Son?

Deepwater Asset Management&#8217;s managing partner Gene Munster has supported Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and SpaceX CEO Elon Musk&#8217;s <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">new role in President-elect</a> Donald Trump&#8217;s administration.
What Happened: On Wednesday, Munster took to X, formerly Twitter, and advised critics not to underestimate Musk.
&#8220;It takes longer for Elon&#8217;s&nbsp;visions to become reality,&#8221; he stated, adding, &#8220;It&#8217;ll likely take many years&nbsp;for Musk&#8217;s plans to result&nbsp;in a $2T reduction in&nbsp;government spend.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/personal-finance/24/11/41773588/elon-musks-mom-knew-he-was-a-genius-by-3-years-old-but-worried-hed-end-up-in-a-basement-now-hes-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Mom Knew He Was A &#8216;Genius&#8217; By 3 Years Old But Worried He&#8217;d &#8216;End Up In A Basement&#8217; – Now He&#8217;s The Richest Man In The World</a>
Munster also said that&nbsp;the Tesla CEO operates under &#8220;first principles,&#8221; and he expects Musk to propose numerous ways to improve government operations in the coming months.
His final advice to those skeptical about Musk&#8217;s role in government was simple: &#8220;Don&#8217;t bet against Elon.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Three thoughts for those in DC who are up in arms at the prospect of Elon coming in hot and changing the way government is done: 1) It takes longer for Elon&#39;s visions to become realty. Retail investors and Wall Street more broadly have seen this in play for the last decade.…
&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1856768018749296872?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
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Why It Matters: This development follows Trump&#8217;s plan to appoint Musk and former presidential candidate Vivek Ramaswamy to lead a new Department of Government Efficiency (DOGE).
Meanwhile, the leading dog-themed cryptocurrency, Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) surged by more than 93% over the past week, securing the sixth spot among the largest cryptocurrencies by market capitalization. The cryptocurrency shares the same acronym as the efficiency department.
The initiative, compared to &#8220;The Manhattan Project,&#8221; will focus on dismantling bureaucracy, reducing regulations, and cutting wasteful expenditures.
Previously,&nbsp;<a href="https://www.benzinga.com/personal-finance/24/11/41701075/elon-musk-warns-of-hardship-for-americans-if-trump-puts-him-in-charge-of-cutting-33-trillion-deb">Musk had warned</a>&nbsp;of &#8220;temporary hardship&#8221; for Americans as he aims to drastically reduce federal spending.
At the time, he said that cuts would be so broad that &#8220;everyone&#8217;s going to have to take a haircut,&#8221; and predicted pushback, calling it a necessary path to &#8220;long-term prosperity.&#8221;
Price Action: Following Trump&#8217;s announcement regarding the new department, Tesla shares ended Wednesday&#8217;s session with a 0.53% increase, ending at $330.24. However, in after-hours trading, the stock saw a slight dip, falling to $329.69 as of the latest update, according to the <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. 
Dogecoin is currently priced at $0.3854, reflecting a 0.65% gain over the last 24 hours. However, the trading volume for DOGE has dropped by 38.05%, standing at $25.06 billion at the time of writing.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41890024/much-wow-dogecoin-is-now-larger-than-ford-adidas-lululemon-roblox-15-companies-worth-less-than-meme-crypto?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Much Wow! Dogecoin Is Now Larger Than Ford, Adidas, Lululemon, Roblox: 15 Companies Worth Less Than Meme Crypto</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Gene Munster Says Elon Musk's DOGE Efficiency Plans Should Not Be Underestimated, But Warns 'It'll Likely Take Many Years' To Achieve $2 Trillion In Government Spending Cuts

On Wednesday, major U.S. indices showed mixed results: the Dow Jones Industrial Average edged up 0.1% to close at 43,958.19, while the S&amp;P 500 gained a slight 0.02% to end at 5,985.38. Meanwhile, the Nasdaq slipped 0.3% to finish at 19,230.72.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
Palantir closed the day with a 1.42% gain at $60.70, with an intraday high and low of $63.39 and $59.85 respectively. The stock&#8217;s 52-week high and low stand at $63.39 and $15.66. The company recently announced the renewal of its <a href="https://www.benzinga.com/24/11/41936392/whats-going-on-with-palantir-stock-after-renewing-collaboration-with-rio-tinto">multi-year enterprise agreement</a> with mining giant Rio Tinto Plc, extending the partnership for an additional four years.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
Amazon&#8217;s shares rose by 2.48% to close at $214.10. The stock&#8217;s intraday high and low were $215.09 and $209.14, with a 52-week high and low of $215.09 and $139.53. The company <a href="https://www.benzinga.com/news/global/24/11/41949051/whats-going-on-with-amazon-stock-wednesday-2">launched</a> a low-cost shopping storefront called "Haul" to compete with heavily discounted Chinese products from competitors like Temu and Shein.
See Also: <a href="https://www.benzinga.com/markets/equities/24/11/41867104/lucid-ceo-scrambles-for-damage-control-as-shares-plunge-47-this-year-as-a-major-shareholderbelieve-me-nobody-is-more-incentivized-than-me-for-success?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lucid CEO Scrambles For Damage Control As Shares Plunge 47% This Year: &#8216;As A Major Shareholder…Believe Me</a>
Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)
Cisco&#8217;s stock increased by 0.80% to close at $59.18. The intraday high and low were $59.28 and $57.84, while the 52-week high and low were $59.38 and $44.5. The company reported <a href="https://www.benzinga.com/24/11/41936392/whats-going-on-with-palantir-stock-after-renewing-collaboration-with-rio-tinto">first-quarter revenue</a> of $13.84 billion, beating the consensus estimate of $13.77 billion.
Intuitive Machines Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>)
Intuitive Machines saw a significant 13.08% increase to close at $11.76. The stock&#8217;s intraday high and low were $12.99 and $10.60, with a 52-week high and low of $13.25 and $2.09. The company&#8217;s shares rose in <a href="https://www.benzinga.com/news/earnings/24/11/41952975/intuitive-machines-ast-spacemobile-shares-are-surging-whats-going-on">anticipation of its earnings report</a>, set to be released on Thursday.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla&#8217;s shares saw a slight increase of 0.53% to close at $330.24. The stock&#8217;s intraday high and low were $344.60 and $322.50, with a 52-week high and low of $358.64 and $138.80. The EV giant recalled 2,431 Cybertrucks in the U.S. over concerns of a <a href="https://www.benzinga.com/news/earnings/24/11/41952975/intuitive-machines-ast-spacemobile-shares-are-surging-whats-going-on">potential loss of drive power</a> to the wheels.
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Image via Shutterstock
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41927985/bitcoin-ethereum-consolidate-dogecoin-surges-as-election-rally-takes-a-breather-analyst-says-pullback-typical-for-healthy-market?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum Consolidate, Dogecoin Surges As Election Rally Takes A Breather: Analyst Says Pullback &#8216;Typical&#8217; For Healthy Market</a></li>
</ul>
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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

AMZN

CSCO

LUNR

PLTR

Palantir, Amazon, Cisco, Intuitive Machines, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

On Wednesday, the Cathie Wood-led Ark Invest made substantial trades in Rocket Lab USA Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>), Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>).
The Rocket Lab USA Inc Trade
Ark Invest sold 479,628 shares in Rocket Lab USA. The trades were made through ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) and ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) and were valued at almost $9 million. On Wednesday, Rocket Lab shares shot up over 28% to $18.83.
This sale came after Rocket Lab reported better-than-expected financial results for the third quarter and announced a multi-launch agreement with a <a href="https://www.benzinga.com/news/contracts/24/11/41941068/rocket-lab-stock-is-blasting-off-wednesday-whats-going-on">confidential customer</a>. The company was also awarded a defense contract worth up to $8 million. Rocket Lab&#8217;s shares surged after it reported revenue of $104.81 million, beating the consensus estimate of $102.28 million. The company also reported a loss of 10 cents per share, which was less than the expected loss of 11 cents per share. Rocket Lab expects fourth-quarter revenue in the range of $125 million to $135 million and plans to end the year with more Electron launches. The company has already set an annual launch record with 12 Electron launches to date. 
The Amazon.com Trade
Ark Invest also purchased Amazon.com shares. Those transactions were made through ARKQ and ARKX and were valued at $956,812. On Wednesday, Amazon shares ended the day 2.48% higher at $214.10.
Amazon&#8217;s stock rose after the company launched an <a href="https://www.benzinga.com/news/global/24/11/41949051/whats-going-on-with-amazon-stock-wednesday-2">online storefront</a> called &#8220;Haul,&#8221; designed to compete with Temu. The storefront offers low-cost shopping, with products priced to compete with heavily discounted Chinese products from competitors like Temu and Shein. Chinese e-commerce platforms have built loyal user bases by offering steep discounts on merchandise. Amazon began talking with China-based sellers about offering a similar service earlier this year. 
The Archer Aviation Trade
Archer Aviation was another significant trade made by Ark Invest. The firm purchased 57,395 shares of the company for $245,650. The trades were made through ARKQ and ARKX. Archer Aviation shares closed Wednesday 8.15% lower at $4.28.
Archer Aviation, a frontrunner in the electric vertical takeoff and landing (eVTOL) aircraft sector, has seen its stock price soar after signing a <a href="https://www.benzinga.com/content/41897968/archer-aviation-taking-off-in-tokyo-and-beyond">major deal</a> with a Japanese aviation giant and reporting solid earnings for the third quarter of fiscal year 2024. Archer Aviation&#8217;s strategic alliance with Soracle, a joint venture between Japan Airlines (JAL) and Sumitomo Corporation, has electrified the eVTOL market. Soracle has obtained the right to purchase up to 100 of Archer&#8217;s Midnight aircraft, with a potential value reaching $500 million. This agreement marks a significant financial boost for Archer and a calculated entry into a market ripe for urban air mobility disruption. 
Importantly, Ark also purchased 55,770 shares of Joby Aviation Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>). Joby is also an eVTOL company. The transaction amounted to $329,043.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41931993/dogecoin-tumbles-despite-elon-musk-vivek-ramaswamys-doge-appointment-this-is-what-indicators-tell-about-its-next-moves?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin Tumbles Despite Elon Musk, Vivek Ramaswamy&#8217;s &#8216;DOGE&#8217; Appointment: This Is What Indicators Tell About Its Next Moves</a>
Other Key Trades: 
<ul>
<li>Ark purchased 1,000 shares of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) through ARKX. The transaction was valued at $139,300.</li>
<li>The Wood-led firm purchased shares of Iridium Communications Inc. (IRDM), L3Harris Technologies Inc. (LHX), and Schrodinger Inc. (SDGR).</li>
<li>Ark Sold shares of Repare Therapeutics Inc. (SNTI) and Adaptive Biotechnologies Corp. (ADPT) along with Exact Sciences Corp. (EXAS).</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41891682/dogecoin-bitcoin-returns-are-dazzling-but-first-neiro-on-ethereum-and-popcat-have-run-up-55000-and-20000-so-far-in-2024?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin, Bitcoin Returns Are Dazzling But First Neiro On Ethereum And Popcat Have Run Up 55000% and 20000% So Far In 2024</a></li>
</ul>
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/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

ETFs

ACHR

ARKQ

ARKX

JOBY

Cathie Wood Cashes Out On Rocket Lab's 28% Surge in $9M Share Sale But Expands Bet On Flying Cars

Bitcoin continued to make records as supportive inflation numbers raised the market's expectations of further interest rate cuts by the Federal Reserve.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.79%</td>
<td>$89,874.80</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-2.11%</td>
<td>$3,190.24</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.10%</td>
<td>$0.3925</td>
</tr>
</tbody>
</table>
</figure>
What Happened: The world's largest cryptocurrency sailed above $93,000 during U.S. trading hours Wednesday, before a sharp correction into the $89,000 zone.
Bitcoin's dominance rose to 60%, reflecting that investors were far more confident in it than other cryptocurrencies.
Ethereum also rallied to an intraday high of $3,366, later cooling down to $3,190, as investors began cashing out.
Nearly $850 million in derivatives contracts was erased in the last 24 hours, with leveraged longs accounting for 61% of the total.
Bitcoin's Open Interest (OI) rose 2.30% in the last 24 hours, signaling higher speculative interest.&nbsp;
Most top trader accounts on Binance were still positioned for Bitcoin's decline, as seen from the Long/Short Ratio indicator.
The "Extreme Greed" sentiment strengthened as the reading on the Cryptocurrency Fear and Greed Index rose from 84 to 88.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Peanut the Squirrel (PNUT)</td>
<td>+443.42%</td>
<td>$2.32</td>
</tr>
<tr>
<td>Pepe (PEPE)</td>
<td>+46.86%</td>
<td>$0.00002171</td>
</tr>
<tr>
<td>Floki (FLOKI)</td>
<td>+30.28%</td>
<td>$0.0000024</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $2.98 trillion, following an increase of 1.32% in the last 24 hours.
Stocks ticked slightly higher on Wednesday. The Dow Jones Industrial Average rose 47.21 points, or 0.11%, to close at 43,958.19. The S&amp;P 500 gained 0.02% to end at 5,985.38. The tech-heavy Nasdaq Composite registered the second straight day of decline, closing down 0.26% at 19,230.72.
Consumer Price Index (CPI) rose from 2.4% in September to 2.6% in October, <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41938762/october-inflation-rate-rises-to-2-6-as-expected-december-interest-rate-cut-remains-uncertain">in line with economist predictions</a>. Investors raised the odds of a 25 basis-point cut at next month's FOMC meeting to 82% from 58% a day before, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">data </a>from the CME FedWatch tool showed.&nbsp;
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: In a note to Benzinga, Chris Kline, COO and Co-Founder of BitcoinIRA, said that Bitcoin was likely to witness heightened volatility on the road to $100,000.
"This is not an unexpected phenomenon, as the market often experiences corrections and fluctuations as it navigates uncharted territory," Kline added.
He also backed Bitcoin's appeal as a wealth preservation asset, predicting that it would catch up given the higher chance of another interest rate cut next month.
Influential cryptocurrency analyst Ali Martinez spotted a cup-and-handle pattern for Bitcoin, widely considered a bullish signal in technical analysis.
Martinez set a price target of $255,000 for the leading cryptocurrency.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> price action is following a cup-and-handle pattern, the bullish target could reach $255,000! <a href="https://t.co/EMuA0QAPKA">pic.twitter.com/EMuA0QAPKA</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1856710863023190231?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41959476/fbi-raids-polymarket-ceo-over-crypto-betting-platforms-us-activities-he-fires-back-in-the-face-of-adversity-we-build">FBI Raids Polymarket CEO Over Crypto Betting Platform&#8217;s US Activities — He Fires Back: &#8216;In The Face Of Adversity, We Build&#8217;</a></li>
</ul>

$ETH

Bitcoin Flirts With $100K, Dogecoin Edges Higher, Ethereum Dips As CPI Numbers Fuel Rate Cut Hopes: Analyst Says BTC Could See Over 180% Upside Due To This Bullish Pattern

The U.S. Supreme Court has signaled its inclination to uphold a class-action lawsuit against Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) for allegedly providing misleading information to investors about its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41931788/nvidia-set-for-major-surge-to-204-analyst-predicts-post-q3-boost-driven-by-blackwell-gpu-demand-strong-margins">reliance on cryptocurrency mining</a>.
What Happened: The Supreme Court heard arguments on Wednesday regarding Nvidia&#8217;s appeal to dismiss a lawsuit accusing the company of misrepresenting its dependence on selling computer chips for cryptocurrency mining, <a href="https://apnews.com/article/supreme-court-nvidia-securities-fraud-cryptocurrency-e146e0d9a4d6887b187ea662bf4c9a6c">reported</a> the Associated Press.
The lawsuit, initiated by a Swedish investment management firm in 2018, persisted despite Nvidia&#8217;s appeal of a lower-court ruling. The case is one of two high-profile class-action lawsuits against tech companies currently under the Supreme Court&#8217;s scrutiny.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41893461/dogecoins-golden-cross-sparks-hype-after-meme-coin-doubles-over-last-week-previous-cycle-saw-a-7000-rally-could-history-repeat?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin&#8217;s Golden Cross Sparks Hype After Meme Coin Doubles Over Last Week: Previous Cycle Saw A 7,000% Rally, Could History Repeat?</a>
Following a downturn in cryptocurrency profitability, Nvidia&#8217;s revenues fell short of projections, leading to a 28% decline in the company&#8217;s stock price. In 2022, Nvidia paid a $5.5 million fine to the Securities and Exchange Commission for failing to disclose that cryptomining was a significant revenue source from the sale of graphics processing units marketed for gaming.
Despite the lawsuit, Nvidia has maintained its position as a leading company in the artificial intelligence sector. The company&#8217;s chipmaking dominance has solidified its status as a key player in the AI boom.
Why It Matters: Nvidia has been making significant strides in the AI space. The company recently partnered with SoftBank to build Japan&#8217;s most <a href="https://www.benzinga.com/news/global/24/11/41929194/nvidia-and-softbank-to-build-japans-top-ai-supercomputer-on-blackwell-platform-jensen-huang-says-tokyo-is-leaping-into-the-ai-industrial-revolution">powerful AI supercomputer</a>, marking a crucial step in Japan&#8217;s global AI dominance.
Analysts have also predicted a major surge in Nvidia&#8217;s stock following its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41931788/nvidia-set-for-major-surge-to-204-analyst-predicts-post-q3-boost-driven-by-blackwell-gpu-demand-strong-margins">third-quarter performance</a>, driven by strong demand for its Blackwell GPUs. Despite this, the ongoing lawsuit could potentially impact the company&#8217;s financial standing.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41952923/bitcoin-crosses-90000-ethereum-dogecoin-move-upwards-as-pepe-dogwifhat-get-listed-on-coinbase">Bitcoin Crosses $90,000, Ethereum, Dogecoin Move Higher As Coinbase Lists Pepe, Dogwifhat</a></li>
</ul>
Image via Unsplash
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/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Legal

Nvidia's Crypto Past Returns To Haunt As Supreme Court Signals Green Light For Lawsuit

The final supermoon of 2024 will appear in the night sky on Thursday, offering a brighter, bigger view of Earth&#8217;s satellite.
This supermoon will come within 225,000 miles of Earth, reaching its full lunar phase on Friday. If you miss it, you'll have to wait until 2025 to see another.
This supermoon arrives after the Taurid meteor shower and before the peak of the Leonids later this month. The closest supermoon this year occurred in October, at just over 222,000 miles from Earth.
What Makes A Moon ‘Super'
The term &#8220;supermoon&#8221; isn't scientific. It simply refers to a full moon that appears when the moon is at its closest point to Earth in its orbit. Though only slightly larger, it can appear up to 30% brighter than a regular full moon.
See Also: <a href="https://www.benzinga.com/tech/24/11/41931521/apples-2024-mac-mini-is-a-compact-powerhouse-but-its-power-button-placement-is-not-the-most-accessible-here-are-some-workable-fixes">Apple&#8217;s 2024 Mac Mini Is A Compact Powerhouse, But Its Power Button Placement Is Not The Most Accessible: Here Are Some Workable Fixes</a>
Tips For Capturing The Supermoon On Your Smartphone
Taking a clear photo of the full moon with a smartphone is challenging but achievable with a few simple tips:
Step I: Charge Your Phone And Bring A Backup Battery
Moon photography can drain your battery, so start with a full charge and pack a portable battery.
Step II: Find The Right Timing And Position
Use a moonrise calculator to determine when the moon will rise locally. Look for an open view to the east, ideally somewhere with minimal obstructions like a beach or hill.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044815/benjamin-davies-9b5dvrjb05g-unsplash-1024x576.jpg" alt="" class="wp-image-644809" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044815/benjamin-davies-9b5dvrjb05g-unsplash-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044815/benjamin-davies-9b5dvrjb05g-unsplash-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044815/benjamin-davies-9b5dvrjb05g-unsplash-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044815/benjamin-davies-9b5dvrjb05g-unsplash-1536x864.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044815/benjamin-davies-9b5dvrjb05g-unsplash.jpg 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representation Image &#x7C; Source: Unsplash</figcaption></figure>
Step III: Use A Tripod For Stability
A smartphone tripod will help avoid blurry images. If you don't have one, rest your phone on a steady surface and use a shutter delay feature to prevent any movement.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="681" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044530/atsushi-tsubokura-bkgfQWYl8W0-unsplash-1024x681.jpg" alt="" class="wp-image-644804" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044530/atsushi-tsubokura-bkgfQWYl8W0-unsplash-1024x681.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044530/atsushi-tsubokura-bkgfQWYl8W0-unsplash-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044530/atsushi-tsubokura-bkgfQWYl8W0-unsplash-768x511.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044530/atsushi-tsubokura-bkgfQWYl8W0-unsplash-1536x1022.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13044530/atsushi-tsubokura-bkgfQWYl8W0-unsplash.jpg 1623w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Representation Image &#x7C; Source: Unsplash</figcaption></figure>
Step IV: Lock Focus And Adjust Exposure
Tap and hold on to the moon on your screen to lock focus, then adjust the exposure manually. This is especially useful when the moon is near the horizon and has a warm hue.
Step V: Shoot In RAW Mode
Enable RAW mode in your phone's settings for better detail and dynamic range, capturing both the moon's highlights and the surrounding shadows.
Step VI: Use Binoculars Or A Telescope
For even more detail, align your phone with a telescope or binoculars for a magnified view.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1000" height="667" src="https://editorial-assets.benzinga.com/wp-content/uploads/2023/03/14081103/shutterstock_1698713530.jpg" alt="Moon Photo by Paitoon Pornsuksomboon on Shutterstock" class="wp-image-13718" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2023/03/14081103/shutterstock_1698713530.jpg 1000w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/03/14081103/shutterstock_1698713530-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2023/03/14081103/shutterstock_1698713530-768x512.jpg 768w" sizes="(max-width: 1000px) 100vw, 1000px" /><figcaption class="wp-element-caption">Representation Image &#x7C; Source: Shutterstock</figcaption></figure>
Bonus Tip: Apps like Camera+ 2 or VSCO allow you to control ISO and shutter speed, giving you more flexibility and overexposure.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Photo by Paitoon Pornsuksomboon on Shutterstock
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<li><a href="https://www.benzinga.com/news/24/09/41061167/ios-18-includes-apples-new-passwords-app-with-end-to-end-encryption-heres-how-you-use-it" target="_blank" rel="noreferrer noopener">iOS 18 Includes Apple&#8217;s New Passwords App with End-to-End Encryption: Here&#8217;s How You Use It</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Last Supermoon Of 2024: Tips To Take That Perfect Shot With Just Your Phone

At LAUNCH Festival 2015, Peter Thiel offered insights into how Elon Musk simultaneously transformed the auto and aerospace industries through Tesla Inc. and SpaceX.
What Happened: In a conversation with Jason Calacanis, Thiel explained that Musk succeeded partly by choosing &#8220;weak competition.&#8221;
He noted that while traditional car companies and the U.S. aerospace sector had &#8220;barely innovated in 50 years,&#8221; Musk entered these industries with strategic foresight.
&#8220;If you&#8217;re going to start a search company, that would be tough because Google's a really tough company… going up against General Motors… and Lockheed, you're at least picking pretty weak competition,&#8221; he stated.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41945659/dogecoin-to-69-cents-or-1-benzinga-readers-predict-how-high-it-could-fly-by-end-of-2024?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dogecoin To 69 Cents Or $1? Benzinga Readers Predict How High It Could Fly By End Of 2024</a>
Thiel also described Musk's talent for &#8220;complex coordination.&#8221; This involves combining existing components in new ways, as seen in SpaceX&#8217;s rockets and Tesla&#8217;s cars.
The Paypal and Palantir Technologies co-founder and billionaire investor compared this approach to Apple Inc.&#8217;s creation of the iPhone, which also involved bringing together existing technologies in a novel way.
Thiel also expressed his confidence in Musk&#8217;s ventures, stating, &#8220;I would never bet against&nbsp;Elon in anything.&#8221; 
While Musk was on vacation, PayPal's board, led by Thiel and Max Levchin, <a href="https://www.benzinga.com/fintech/23/08/33975786/elon-musks-paypal-merger-tactics-slammed-by-former-paypal-executive-now-that-were-married-let-me-tel">ousted him as CEO</a>, appointing Thiel in his place in September 2000.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Peter Thiel on being a contrarian" width="500" height="281" src="https://www.youtube.com/embed/ryFB6mvy4uE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Why It Matters: Musk founded SpaceX in 2002, investing $100 million from his PayPal earnings.
Following his ousting from PayPal, Musk reportedly grew frustrated with NASA's lack of Mars plans and began pursuing private space projects, including a $100,000 pledge to the Mars Society.
SpaceX initially operated out of hotel conference rooms before moving to Hawthorne, California, where Musk, serving as Chief Engineer, led the development of the Falcon 1 rocket.
In 2008, Falcon 1 became the <a href="https://www.benzinga.com/news/21/12/24731951/its-a-wrap-elon-musks-spacex-launches-final-falcon-9-to-space-for-2022-31st-such-mission-for-the-yea">first privately developed</a> liquid-fueled rocket to reach orbit. Musk's goal was clear: cut space transportation costs and make Mars colonization possible.
However, in 2022, Musk expressed his wish for <a href="https://www.benzinga.com/news/22/04/26775439/elon-musk-rues-lack-of-competition-for-spacex-heres-why">more competition for SpaceX</a>, believing it would aid in making life multi-planetary.
In the first half of 2024, SpaceX <a href="https://www.benzinga.com/news/24/07/39612042/elon-musks-spacex-launches-67-missions-in-first-half-of-2024-trailing-own-targets">launched 67 missions</a> using its Falcon launch vehicles.
Meanwhile, Musk&#8217;s journey with Tesla began in 2004, a year after founders Martin Eberhard and Marc Tarpenning launched the company.
He joined as an early investor and board chairman, contributing $6.35 million of Tesla's initial $6.5m Series A financing, as <a href="https://www.forbes.com/sites/quora/2014/12/29/how-much-equity-did-elon-musk-get-from-investing-in-teslas-series-a/">per</a> Forbes.
His role quickly expanded, and after internal tensions led to Eberhard&#8217;s exit, <a href="https://www.benzinga.com/general/24/01/36574844/elon-musk-says-he-never-wanted-to-be-ceo-of-tesla-or-anything-running-companies-hurts-my-heart-but-h">Musk took over as CEO in October 2008</a>.
Thiel's Founders Fund has invested in SpaceX but holds no stake in Tesla. Previously, Thiel has said that he typically avoids public companies, and Tesla went public relatively early in 2010—though he has since <a href="https://www.benzinga.com/news/24/07/39639542/palantir-chair-peter-thiel-praises-elon-musks-risk-taking-ability-regrets-not-investing-in-tesla-the">admitted having some regrets</a>.
&#8220;We should have invested in that one,&#8221; he said at the Aspen Ideas Festival in late June 2024.
Last month, <a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs">Tesla reported third-quarter revenue</a> of $25.18 billion, up 8% year-over-year, missing a Street consensus estimate of $25.37 billion.
Image via Wikimedia Commons
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Palantir Co-Founder Peter Thiel On How Elon Musk Conquered Both Automobiles And Space—And Why He'd 'Never Bet' Against The Tesla CEO

Reindustrialization efforts create enormous opportunities for industrial stocks as sectors are driven by massive government investment. Amid this backdrop, you might keep an eye on fundamentally strong industry stocks like Siemens Aktiengesellschaft (SIEGY), Southern Copper Corp (SCCO), and TE Connectivity (TEL). Continue reading… Industrial stocks are increasingly positioned for gains as global reindustrialization picks up speed, driven by supply chain transformations, reshoring trends, and investments in infrastructure. Thus, investors looking to capitalize on this trend might consider industrial stocks Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>), Southern Copper Corporation (<a href="https://stocknews.com/stock/SCCO/">SCCO</a>), and TE Connectivity plc (<a href="https://stocknews.com/stock/TEL/">TEL</a>), as they are positioned for better growth momentum.
The industrial sector stands to benefit from significant government investment in manufacturing, energy, and supply chain stability. The United States has shifted its major policy initiatives, including the Inflation Reduction Act, CHIPS Act, and Infrastructure Investment and Jobs Act, which <a href="https://privatebank.jpmorgan.com/nam/en/insights/markets-and-investing/the-opportunity-in-renewed-us-industrial-policy">collectively inject nearly $2.4 trillion</a> into sectors like semiconductor manufacturing, electric vehicles, and renewable energy infrastructure.
As per <a href="https://www2.deloitte.com/us/en/insights/industry/manufacturing/manufacturing-industry-outlook.html">Deloitte</a>, approximately 86% of manufacturing executives responding to the latest industrial outlook survey indicate that in 2024, smart factory solutions will be one of the main competitive advantages supporting their endeavors for the next five years.
Additionally, the U.S. manufacturing sector <a href="https://www.commerce.gov/news/blog/2024/10/manufacturing-booms-thanks-biden-harris-administration-investments">contributes $2.65 trillion to the U.S. economy</a>, employs nearly 13 million American workers, and accounts for 10.3 percent of the nation's GDP. This further bolsters the outlook for the industrial stocks.
Considering these conducive trends, let's look at the fundamentals of the above-mentioned stocks in detail:
Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>)
Headquartered in Munich, Germany, SIEGY is a technology company that focuses on the areas of automation and digitalization internationally. It operates through five segments: Digital Industries, Smart Infrastructure; Mobility; Siemens Healthineers; and Siemens Financial Services (SFS).
On October 17, SIEGY launched BIMPOWER, a groundbreaking plug-in for Autodesk Revit, transforming the way engineers and contractors design 3D Building Information Modeling (BIM) projects. This launch simplifies the design and integrates seamlessly with Autodesk Revit, providing a comprehensive solution for engineers and contractors.
In the same month, the company also launched the RapidSBx switchboard to address the critical need for power distribution that feeds commercial switchboards and supports sustainable infrastructure. This new launch is flexible and durable and comes with easy installation, providing users with the adaptability needed for diverse environmental conditions.
In the fiscal third quarter that ended on June 30, 2024, SIEGY's net sales increased 4.2% year-over-year to €18.90 billion ($20.53 billion). Its gross profit grew 9% from the prior year's quarter to €7.75 billion ($8.42 billion).
Its EBITDA from continuing operations came in at €3.43 billion ($3.72 billion), up 36.3% year-over-year. In addition, the company's net income rose 48.1% from the year-ago value to €2.13 billion ($2.32 billion), while its <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> stood at €2.48, up 56%% year-over-year.
Analysts expect SEIGY's revenue for the first quarter (ending December 2024) to grow 4.1% year-over-year to $20.65 billion, while its EPS for the same quarter is expected to increase 60.9% year-over-year to $2.61. Moreover, the company has topped the EPS estimates in each of the trailing four quarters, which is excellent.
SIEGY shares have surged 46.7% over the past year to close the last trading session at $97.07.
SIEGY's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
SIEGY has a B grade for Value and Stability. It is ranked #6 out of 34 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry. <a href="https://stocknews.com/stock/SIEGY/">Click here</a> to see the additional ratings for SIEGY (Growth, Momentum, Sentiment, and Quality).
Southern Copper Corporation (<a href="https://stocknews.com/stock/SCCO/">SCCO</a>)
SCCO is an integrated producer of copper and valuable by-products. It operates the mining, exploring, smelting, and refining facilities in Peru, Mexico, Argentina, Chile, and Ecuador. Its operating segments include Peruvian operations; Mexican open-pit operations; and Mexican underground mining operations.
On October 17, backed by its strong financials, the company declared its shareholders a quarterly dividend of $0.70 per share and a stock dividend of 0.0062 shares per share of common stock, which is payable on November 21, to shareholders of record on November 6, 2024.
SCCO pays an annual dividend of $2.80, which translates to a yield of 2.50% at the prevailing price levels. Its four-year average dividend yield is 4.52%. The company's dividend payments have grown at a CAGR of 8.5% over the past five years.
SCCO's sales for the third quarter (ended September 30, 2024) increased 17% year-over-year to $2.93 billion. The company reported an operating income of $1.45 billion, indicating a 35.6% growth from the prior-year quarter. SCCO's adjusted EBITDA came in at $1.68 billion, up 30.5% year-over-year, while its net income per share grew 43.8% from the prior-year quarter to $1.15.
The consensus revenue estimate of $3.14 billion for the fiscal fourth quarter (ending December 2024) represents a 36.7% increase year-over-year. The consensus EPS estimate of $1.23 for the same quarter indicates a 114.9% improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimate in three of the trailing four quarters.
The stock has gained 57% over the past year and 35.6% over the past nine months to close the last trading session at $109.55.
SCCO's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has an A grade for Quality and a B for Growth and Sentiment. Within the <a href="https://stocknews.com/category/industrial-metals/">Industrial - Metals</a> industry, it is ranked #4 out of 29 stocks. <a href="https://stocknews.com/stock/SCCO/">Click here</a> to see SCCO's ratings for Value, Momentum, and Stability.
TE Connectivity plc (<a href="https://stocknews.com/stock/TEL/">TEL</a>)
Based in Ballybrit, Ireland, TEL is a global industrial technology company that manufactures and sells connectivity and sensor solutions. The company operates through three segments: Transportation Solutions; Industrial Solutions; and Communications Solutions. 
With 9 years of consecutive dividend growth, TEL pays an annual dividend of $2.60, which translates to a yield of 1.71% at the current share price. Its four-year average dividend yield is 1.62%. Also, the company's dividend payouts have increased at CAGRs of 8.16% and 6.62% over the past three and five years, respectively.
For the fourth quarter that ended September 29, 2024, TEL posted total group revenue of $4.10 billion, indicating a marginal growth from the prior-year quarter. Its adjusted operating income increased 8% year-over-year to $755 million and the adjusted EPS came in at $1.95, up 9.6% year-over-year. Also, the company's free cash flow amounted to $2.40 billion, reflecting an increase of 17% year-over-year.
According to TEL's guidance for its fiscal first quarter, it is projecting sales to be approximately $3.90 billion. Additionally, its adjusted EPS is expected to grow 2% year-over-year, amounting to $1.88.
Street expects TEL's revenue for the fiscal first quarter (ending December 2024) to increase 2.1% year-over-year to $3.91 billion. Its EPS for the same period is expected to register a 3.1% growth from the prior year, settling at $1.90. In addition, it surpassed the EPS in each of the trailing four quarters, which is promising.
Over the past year, the stock has gained 25.1%, closing the last trading session at $147.42.
It's no surprise that TEL has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Value, Stability, and Sentiment. Out of 34 stocks in the B-rated Industrial - Manufacturing industry, TEL is ranked #4.
Beyond what is stated above, we've also rated TEL for Value, Momentum, and Stability. Get all TEL's ratings <a href="https://stocknews.com/stock/TEL/">here</a>.
What To Do Next?
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SIEGY shares were trading at $98.38 per share on Friday afternoon, up $1.31 (+1.35%). Year-to-date, SIEGY has gained 7.35%, versus a 21.45% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/siegy-scco-tel-3-industrial-stocks-ready-to-benefit-from-global-reindustrialization/>3 Industrial Stocks Ready to Benefit From Global Reindustrialization</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Industrial Stocks Ready to Benefit From Global Reindustrialization

Morgan Stanley analyst Max Yates raised the firm's price target on Siemens (SIEGY) to EUR 212 from EUR 190 and keeps an Overweight rating on the sh...

Siemens price target raised to EUR 212 from EUR 190 at Morgan Stanley

The industrial sector is well-positioned for solid growth and expansion, propelled by technological advancements, the robotics revolution, and diversified demand. Thus, quality industrial automation stocks RTX Corporation (RTX), Siemens Aktiengesellschaft (SIEGY), and Eaton Corporation (ETN) could be ideal buys for the robot revolution. Read on... The industrial market, which encompasses various sub-segments like manufacturing, machinery, and more, is poised for continued expansion, with encouraging factors such as demand for automation, technological innovation, robot revolution, and growing investments in infrastructure.
Given the industry's tailwinds, it could be wise to invest in fundamentally sound industrial automation stocks RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>), Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>), and Eaton Corporation plc (<a href="https://stocknews.com/stock/ETN/">ETN</a>) for substantial returns.
The robotics revolution is leading industrial automation, influenced by groundbreaking innovations in AI, machine learning (ML), the Internet of Things (IoT), collaborative robots, and the significance of autonomous systems. Whether it is machinery, defense, or manufacturing, robotics is marking new milestones and advancing the operations of the fields.
With its expanding scope, the number of innovations in the robotics market is expected to increase further, which will result in an expansion of industrial operations. Robots are increasingly being utilized to improve productivity and minimize labor costs, especially in segments like machinery and manufacturing. The global robotics market is expected to grow to $134.64 billion by 2031 at a <a href="https://www.skyquestt.com/report/robotics-market#:~:text=Robotics%20Market%20Insights,period%20(2024%2D2031).">CAGR of 16.6%</a>.
Further, as technological advancements in the industrial machinery industry are rapidly increasing with IoT, AI, and robotics, supported by increasing demand for automation and modernization of production processes, the market is flourishing. The global industrial machinery market is projected to achieve a market size of $1.04 trillion by 2032, growing at a <a href="https://www.acumenresearchandconsulting.com/industrial-machinery-market">CAGR of 5.3%</a>.
Besides, the Aerospace and Defense market is expected to see strong growth in the coming year, poised to exhibit growth at a <a href="https://www.thebusinessresearchcompany.com/report/aerospace-defense-global-market-report#:~:text=Aerospace%20And%20Defense%20Market%20Size,(CAGR)%20of%2011.5%25.">CAGR of 5.8%</a>, resulting in a market value of $1.23 trillion by 2028, fueled by government support, automation, and advancements, and rising military modernization programs.
Given the industry's solid prospects, investing in fundamentally strong industrial automation stocks RTX, SIEGY, and ETN could be wise.
Let's discuss the fundamentals of these stocks in detail:
RTX Corporation (<a href="https://stocknews.com/stock/RTX/">RTX</a>)
RTX is an aerospace and defense company that provides systems and services for commercial, military, and government customers internationally. The company operates through three segments: Collins Aerospace; Pratt &amp; Whitney; and Raytheon.
On October 23, RTX's business, Raytheon, was awarded $676 million to continue manufacturing the tube-launched, optically-tracked, wireless-guided TOW&#xAE; weapon system for the U.S. Army. The two separate awards consist of an annual production contract for $430 million in fiscal year 2023 and an additional $246 million award in 2024.
On October 15, 2024, RTX's Raytheon attained full-rate production approval for its SM-3 Block IIA missile, marking a key milestone in its missile defense partnership with Japan.
During the third quarter that ended September 30, 2024, RTX's net sales increased 49.2% year-over-year to $20.09 billion. The company's adjusted <a href="https://www.investopedia.com/terms/o/operating_profit.asp">operating profit</a> grew 11.3% from the year-ago value to $2.48 billion. Adjusted net income attributable to common shareowners and adjusted EPS rose 6.9% and 16% from the prior year's quarter to $1.95 billion and $1.45, respectively.
In addition, the company's total assets came in at $164.82 billion as of September 30, 2024, compared to $161.87 billion as of December 31, 2023.
Street expects RTX's revenue for the fourth quarter (ending December 2024) to increase 3.4% year-over-year to $20.60 billion. The company's EPS for the same quarter is expected to grow 6.6% year-over-year to $1.38. Moreover, the company topped the consensus EPS and revenue estimates in all four trailing quarters, which is impressive.
Shares of RTX have surged 17.3% over the past six months and 44.6% over the past year to close the last trading session at $118.75.
RTX's solid fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
RTX has a B grade for Momentum, Sentiment, and Growth. It is ranked #10 out of 72 stocks in the <a href="https://stocknews.com/category/air-defense/">Air/Defense Services</a> industry.
In addition to the POWR Ratings we've stated above, we also have RTX ratings for Value, Quality, and Stability. Get all RTX ratings <a href="https://stocknews.com/stock/RTX/">here</a>.
Siemens Aktiengesellschaft (<a href="https://stocknews.com/stock/SIEGY/">SIEGY</a>)
Headquartered in Munich, Germany, SIEGY is a technology company that emphasizes the areas of automation and digitalization worldwide. The company operates in Digital Industries; Smart Infrastructure; Mobility; Siemens Healthineers; and Siemens Financial Services (SFS) segments.
On October 30, SIEGY signed an agreement to acquire Altair Engineering Inc., a leading provider of software in the industrial simulation and analysis market. The strategic acquisition will strengthen SIEGY's leadership in industrial software and AI and will create the world's most complete AI-powered design and simulation portfolio.
On October 24, SIEGY and Microsoft partnered to revolutionize industrial automation. Through strategic collaboration, the companies reinvented the Siemens Industrial Copilot, enabling it to handle the most demanding environments at scale.
They have combined SIEGY's unique domain know-how across industries with Microsoft Azure OpenAI Service, the Copilot further improves handling of rigorous requirements in manufacturing and automation.
For the third quarter that ended June 30, 2024, SIEGY's revenue grew 4.2% year-over-year to €18.90 billion ($20.48 billion). The company's gross profit rose 9% year-over-year to €7.75 billion ($8.39 billion). Its income from continuing operations came in at €2.16 billion ($2.34 billion), up 55.7% from the prior year's quarter.
In addition, the company's net income and EPS came in at €2.13 billion ($2.31 billion) and €2.48, up 48.1% and 56% from the year-ago value, respectively. Its EBITDA from continuing operations of €3.43 billion ($3.71 billion), indicating growth of 36.3% year-over-year.
Analysts expect SIEGY's revenue and EPS for the first quarter (ending December 2024) to increase 4.1% and 60.9% year-over-year to $20.65 billion and $2.61, respectively. Furthermore, the company has surpassed the consensus EPS estimates in each of the trailing four quarters.
SIEGY's stock has gained 4.8% over the past six months and 47.4% over the past year to close the last trading session at $98.05.
SIEGY's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, equating to a Buy in our proprietary rating system.
The stock has a B grade for Stability and Value. SIEGY is ranked #3 among 34 stocks in the B-rated <a href="https://stocknews.com/category/industrial-manufacturing/">Industrial - Manufacturing</a> industry.
<a href="https://stocknews.com/stock/SIEGY/">Click here</a> to access other SIEGY's ratings for Growth, Quality, Sentiment, and Momentum.
Eaton Corporation plc (<a href="https://stocknews.com/stock/ETN/">ETN</a>)
Based in Dublin, Ireland, ETN operates as a power management company globally. The company operates in Electrical Americas and Electrical Global segment; Aerospace segment; Vehicle segment; and eMobility segment.
On October 23, ETN announced that it would be working with Miami-Dade Transportation &amp; Public Works to help it update the electrical system supporting its Metromover mass transit system, which carried more than 6.5 million riders in 2023. The project is part of Miami-Dade County's broader $153 million initiative to expand and upgrade the reliability of its automated train network.
On October 10, ETN collaborated with Lunar Energy to simplify the installation and maximize the functionality of home energy storage and solar systems. The integration of ETN's new AbleEdgeTM smart breakers with the Lunar System will make it easier for installers and homeowners to deploy solar and storage, manage loads, optimize costs, and extend the life of the solar battery system.
In the third quarter that ended September 30, 2024, ETN's total net sales increased 7.9% year-over-year to $6.34 billion, while its total segment operating profit rose 11.4% from the prior year's period to $1.54 billion. Furthermore, the company's adjusted earnings came in at $1.13 billion and $2.84 per share, reflecting increases of 13.9% and 15% year-over-year, respectively.
As per the company's updated guidance, the company expects adjusted EPS between $2.78 and $2.84 for the fourth quarter of 2024.
Also, ETN's adjusted EPS is expected to be between $10.75 and $10.81, up 18% at the midpoint over the previous year for the full year 2024.
Street expects ETN's revenue for the fourth quarter (ending December 2024) to increase 7.1% year-over-year to $6.39 billion. The company's EPS for the ongoing quarter is expected to grow 10.3% year-over-year to $2.81. In addition, the company has surpassed the consensus EPS estimates in all of the trailing four quarters.
Over the past six months, the stock has gained 7.4% and 55.9% over the past year to close the last trading session at $334.06.
ETN's POWR Ratings reflect its promising outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
The stock has a B grade for Quality and Sentiment. Within the A-rated <a href="https://stocknews.com/category/industrial-machinery/">Industrial - Machinery</a> industry, ETN is ranked #29 in the list of 79 stocks.
<a href="https://stocknews.com/stock/ETN/">Click here</a> to access additional ratings of ETN for Growth, Value, Momentum, and Stability.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

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RTX shares were trading at $118.02 per share on Monday afternoon, down $0.73 (-0.61%). Year-to-date, RTX has gained 42.80%, versus a 21.01% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/rtx-siegy-etn-3-industrial-automation-stocks-to-buy-for-the-robot-revolution/>3 Industrial Automation Stocks to Buy for the Robot Revolution</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Industrial Automation Stocks to Buy for the Robot Revolution

DZ BANK AG analyst Alexander Hauenstein maintained a Buy rating on Siemens (0P6M – Research Report) today. The company's shares closed yesterday at...

DZ BANK AG Sticks to Their Buy Rating for Siemens (0P6M)

In a report released today, Andrew Wilson CFA from J.P. Morgan maintained a Buy rating on Siemens (0P6M – Research Report), with a price target of ...

J.P. Morgan Keeps Their Buy Rating on Siemens (0P6M)

Columbia International Dividend Income Fund Q3 2024 Investment Commentary

Deutsche Bank analyst Gael De-Bray maintained a Buy rating on Siemens (0P6M – Research Report) today and set a price target of €200.00. The company...

Deutsche Bank  Sticks to Its Buy Rating for Siemens (0P6M)

Deutsche Bank raised the firm's price target on Siemens (SIEGY) to EUR 200 from EUR 197 and keeps a Buy rating on the shares. Published first on Th...

Siemens price target raised to EUR 200 from EUR 197 at Deutsche Bank

Here's the major earnings before the open tomorrow

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