Latest news for Truleum (OTC:TRLM) Stock

Truleum Inc is an oil and gas company dedicated to acquiring and developing abandoned wellbores. The company utilizes advanced technologies to revitalize to become economically viable assets.

Truleum Inc

WIIM

RKLB

Rocket Lab shares are trading higher. The company completed its 16th successful mission of 2024.

<a href="https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%93%20Today%2C%20the,Rocket%20Mortgage%2C%20LLC%20for%20loans" title="https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%93%20Today%2C%20the,Rocket%20Mortgage%2C%20LLC%20for%20loans">https://www.consumerfinance.gov/about-us/newsroom/cfpb-files-lawsuit-to-stop-illegal-kickback-scheme-to-steer-borrowers-to-rocket-mortgage/#:~:text=WASHINGTON%2C%20D.C.%20%E2%80%93%20Today%2C%20the,Rocket%20Mortgage%2C%20LLC%20for%20loans</a>.

News

CFPB Sues Rocket Homes And The Mitchell Group Over Kickback Scheme Steering Homebuyers To Rocket Mortgage; Alleges Suppression Of Down Payment Assistance Information And Seeks Consumer Redress And Civil Penalties

U.S. stocks traded mixed toward the end of trading, with the S&amp;P 500 gaining around 0.5% on Monday.
The Dow traded down 0.06% to 42,815.78 while the NASDAQ climbed 0.90% to 19,748.00. The S&amp;P 500 also rose, gaining, 0.54% to 5,962.84.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42616196/jim-cramer-likes-walmart-recommends-buying-this-very-very-good-financial-stock">Jim Cramer Likes Walmart, Recommends Buying This &#8216;Very, Very Good&#8217; Financial Stock</a>
Leading and Lagging Sectors Communication services shares jumped by 0.9% on Monday.
In trading on Friday, consumer staples shares fell by 1.2%.
Top Headline
U.S. building permits gained by 5.2% to an annualized rate of 1.493 million in November compared to initial estimates of 1.505 million.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Traws Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRAW#NASDAQ">TRAW</a>) shares shot up 144% to $12.23 after the company announced progress in the development of Tivoxavir Marboxi.</li>
<li>Shares of Reliance Global Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RELI#NASDAQ">RELI</a>)got a boost, surging 212% to $3.7401 after the company issued a year-end review of its operations, as well as a look to the future.</li>
<li>Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) shares were also up, gaining 86% to $13.36 after the company announced it has entered into a definitive agreement for a strategic investment of $775 million from Tether.</li>
</ul>
Equities Trading DOWN
<ul>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) shares dropped 74% to $0.2313 after the company announced it voluntarily filed for Chapter 11 Bankruptcy.</li>
<li>Shares of MGO Global, Inc. &nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGOL#NASDAQ">MGOL</a>) were down 53% to $0.4479 after the company announced the pricing of upsized $6.0 million public offering.</li>
<li>Castellum, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) was down, falling 30% to $0.4216 after the company announced the pricing of a $3.6 million registered direct offering of 9.47 million shares at $0.38 per share.</li>
</ul>
Commodities In commodity news, oil traded down 0.1% to $69.37 while gold traded down 0.7% at $2,626.90.
Silver traded up 0.9% to $30.235 on Monday, while copper fell 0.4% to $4.0835.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 gained 0.14%, Germany's DAX fell 0.18% and France's CAC 40 fell 0.03%. Spain's IBEX 35 Index fell 0.28%, while London's FTSE 100 rose 0.22%.
Asia Pacific Markets
Asian markets closed mostly higher on Monday, with Japan's Nikkei 225 gaining 1.19%, Hong Kong's Hang Seng Index gaining 0.82%, China's Shanghai Composite Index declining 0.50% and India's BSE Sensex gaining 0.64%.
Economics
<ul>
<li>The Chicago Fed National Activity Index rose to -0.12 in November compared to a revised reading of -0.5 in October.</li>
<li>U.S. durable goods orders fell 1.1% month-over-month to $285.1 billion in November compared to a revised 0.8% gain in October and versus market estimates of a 0.4% decline.</li>
<li>U.S. building permits gained by 5.2% to an annualized rate of 1.493 million in November compared to initial estimates of 1.505 million.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/12/42648003/how-to-earn-500-a-month-from-qualcomm-stock-2">How To Earn $500 A Month From Qualcomm Stock</a></li>
</ul>

Equities

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

AILE

MGOL

RELI

TRAW

Gold Moves Lower, Rumble Shares Jump

Rosenblatt polled its analysts, including Steve Frankel, gathering their top picks for the first half of 2025. The stocks reflect key themes across its research universe, including the Age of Artificial Intelligence and the build-out of next-generation broadband.
Steve Frankel maintained a Buy rating on Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a price target of $250.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/regulations/24/12/42621868/nvidia-secures-eu-approval-for-runai-deal-us-probes-china-export-breach" rel="noreferrer noopener">Nvidia Secures EU Approval For Run:ai Deal, US Probes China Export Breach</a>
AMD is one of Rosenblatt&#8217;s top picks for the first half of 2025 on momentum in CPU and GPU share gains into 2025 and a broader non-AI recovery exiting 2025.
The difference entering 2025 is that the Street acknowledges this dynamic, which has legs for double-digit market share in GPU compute and AI inference at the edge, being a secular opportunity on Xilinx incumbency and chiplet prowess.
AMD&#8217;s EPYC processors will likely continue increasing the company&#8217;s revenue share in server and Data Center CPUs as the business proposition is significant, the analyst said.
AMD&#8217;s MI350 in 2025 and MI400 in 2026 GPUs will drive additional revenues and increased market share on hyperscale adoption, chiplet scale, and AI moving to the edge, he added.
The price target reflects a 25-times P/E multiple to Frankel&#8217;s $10.00 fiscal 2026 adjusted EPS. This multiple is in line with the analyst&#8217;s AI compute group average of 25 times.
Frankel reiterated a Buy rating on Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) with a price target of $250.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23124236/newplot-1-4.png" alt="" class="wp-image-704652" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23124236/newplot-1-4.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23124236/newplot-1-4-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Micron is one of Rosenblatt&#8217;s top picks for the first half of 2025, as he liked the big opportunity for DRAM content deployment in AI platforms going forward.
In particular, the analyst liked Micron&#8217;s HBM opportunity, where the trade ratios are 3-to-1 to DDR5 and moving to 4-to-1 with the move to HBM4, a structural shift Frankel did not witness in any other memory cycle.
Industry HBM supply continues to be an issue to watch as supply does not catch up to demand well into calendar 2025.
For Micron, Frankel&#8217;s viewpoint on HBM is more related to the overall implications of DRAM bit supply, with HBM3E garnering a 3-to-1 trade ratio and HBM4 a 4-to-1 trade ratio, creating a favorable supply and demand dynamic.
Frankel noted Micron as an HBM share gainer in HBM3E and HBM4 varietals and as the segment moves from 8-Hi to 12-Hi and 16-Hi configurations, where power efficiency (a Micron structural advantage) becomes increasingly important.
Frankel found using P/E to value Micron reasonable, given its proven consistent profitability through cross-memory cycles, aggressive share buybacks, and a cycle driven by AI workload dynamics correlating to DRAM content. The price target reflects a mid-teens P/E multiple on the analyst&#8217;s $18 fiscal 2026 adjusted EPS.
Price Actions: At last check on Monday, AMD stock was up 4.70% at $124.82. MU is down 0.78%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42613368/broadcom-expects-decade-long-ai-chip-boom-as-big-tech-invest-billions" target="_blank" rel="noreferrer noopener">Broadcom Expects Decade-Long AI Chip Boom as Big Tech Invest Billions</a></li>
</ul>
Photo via Shutterstock

Analyst Color

Price Target

Reiteration

Analyst Ratings

Tech

AMD and Micron Are Top Analyst Picks for AI and Next-Gen Tech Growth

Cryptocurrency markets are trading lower on a low-volume Monday.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$92,996.64</td>
<td>-3.2%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$3,313.40</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$184.82</td>
<td>+0.9%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>&nbsp;$2.16</td>
<td>-4%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.3108</td>
<td>-2.5%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00002168&nbsp;&nbsp;</td>
<td>-1%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume decreasing by 20.6% and daily active addresses falling by 0.02%. Transactions greater than $100,000 are down from 8,435 to 7,495 in a single day. Exchanges netflows are down by 246.9%.</li>
<li>Coinglass data reports 100,183 traders were liquidated in the past 24 hours for $293.65 million.</li>
<li>Santiment <a href="https://x.com/santimentfeed/status/1870993979782963500">data</a> shows number of non-empty wallets for Bitcoin increased 27% in the past two years, while Ethereum reported a 47% surge.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42647239/foresight-ventures-55m-investment-in-the-block-seeks-to-shape-the-future-of-crypto-media-forest-bai">Foresight Ventures&#8217; $55M Investment In The Block Seeks To Shape The Future Of Crypto Media: Forest Bai</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42646182/exclusive-la-rosa-adds-bitcoin-and-crypto-payment-options-to-its-real-estate-agents">EXCLUSIVE: La Rosa Adds Bitcoin and Crypto Payment Options For Network Agents</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42652101/microstrategy-adds-5262-bitcoin-to-bring-holdings-to-over-444000-btc">MicroStrategy Adds 5,262 Bitcoin To Bring Holdings To Over 444,000 BTC</a></li>
<li><a href="https://www.benzinga.com/24/12/42646986/whats-going-on-with-cleanspark-stock-monday">What&#8217;s Going On With CleanSpark Stock Monday?</a></li>
<li><a href="https://www.benzinga.com/24/12/42640181/microstrategys-michael-saylor-proposes-digital-assets-framework-for-us-advocates-bitcoin-reserve-capable-of-generating-1681-trillion-in-wealth">Michael Saylor Proposes US Digital Assets Framework, Backs Bitcoin Reserve Capable Of Generating $16–$81 Trillion In Wealth</a></li>
</ul>
Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Virtuals Protocol (CRYPTO: VIRTUAL)</td>
<td>&nbsp;$2.69</td>
<td>+14.2%</td>
</tr>
<tr>
<td>Aave (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>)</td>
<td>&nbsp;$352.99</td>
<td>+13.8%</td>
</tr>
<tr>
<td>FTX Token (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ftt/usd">FTT</a>)</td>
<td>&nbsp;$3.19&nbsp;</td>
<td>+8.6%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Bitcoin&#8217;s price decline continued into the final week&#8217;s opening, with CoinDesk Senior Analyst James Van Straten <a href="https://x.com/btcjvs/status/1871226901101990380">warning</a> that if Bitcoin loses the critical $90,000 support level, it could drop to $75,000 due to limited support in that range. This would represent a 30% pullback within the ongoing bull market. 
Daan Crypto Trades highlighted that Bitcoin&#8217;s end-of-year price action is typically choppy, and this year is no exception. He expects this volatility to persist until the new year, after which liquidity is likely to return, paving the way for stronger moves.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> End of the year price action has usually been choppy. This year is no different. Expecting this to remain choppy until the new year. After which liquidity returns and we&#39;ll likely see some stronger moves again. <a href="https://t.co/LuD42BBlxZ">pic.twitter.com/LuD42BBlxZ</a>
&mdash; Daan Crypto Trades (@DaanCrypto) <a href="https://twitter.com/DaanCrypto/status/1871237385822060957?ref_src=twsrc%5Etfw">December 23, 2024</a></blockquote>
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</figure>
Meanwhile, The Kobeissi Letter pointed out that Bitcoin&#8217;s recent rally might be due for a correction. Historically, Bitcoin prices lag global money supply by about 10 weeks. With the money supply recently dropping by $4.1 trillion, the trend suggests Bitcoin could decline by up to $20,000 in the coming weeks, signaling a pause in its red-hot rally.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is Bitcoin overdue for a correction? In the past, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> prices have followed global money supply with ~10 week lag. As global money supply hit a new record of $108.5 trillion in October, Bitcoin prices reached an all-time high of $108,000. Over the last 2 months, however,… <a href="https://t.co/i80ym4Wu7F">pic.twitter.com/i80ym4Wu7F</a>
&mdash; The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1870541179433160848?ref_src=twsrc%5Etfw">December 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42655154/84000-is-bitcoins-worst-case-options-trading-firm-ceo-says">$84,000 Is Bitcoin&#8217;s Worst Case, Options Trading Firm CEO Says</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$AAVE

$BTC

$DOGE

$ETH

$FTT

$SHIB

$SOL

$XRP

Bitcoin, Ethereum, XRP, Dogecoin Slide On Quiet Monday, Trader Predicts 'Choppy' Price Action Until 2025

DXLG

Destination XL Group shares are trading higher after the company received a non-binding proposal from Fund 1 Investments to acquire all of the outstanding shares of the company for $3 per share.

MrBeast, also known as Jimmy Donaldson, is dominating streaming platform Prime Video with his new "Beast Games"<a href="https://www.benzinga.com/general/entertainment/24/05/38860861/amazon-betting-on-game-shows-for-streaming-growth-mrbeast-travis-kelce-pop-culture-jeopardy"> game show competition.</a>
Here's a look at the early data and what's next.
What Happened: Record-breaking <a href="https://www.benzinga.com/general/entertainment/24/03/37809533/mrbeast-confirms-beast-games-on-amazon-prime-video-with-1-000-contestants-5m-prize-its-gonn">game show</a> "Beast Games" premiered its first two episodes on Prime Video Dec. 19.
The show, considered the world's largest live game show, promises to award the "biggest single prize in the history of television and streaming" by Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), the owner of Prime Video.
While official viewership figures for the first two episodes have not been released, "Beast Games" was the most-watched Prime Video show or movie last week, according to Donaldson.
"Beast Games is #1 in the US and I cannot express how grateful I am for all of the love and support! I, and countless talented people really put so much love and passion into it, and seeing everyone's reactions has been amazing! Thanks guys!" he <a href="https://x.com/MrBeast/status/1870242683039683065">tweeted</a>.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Beast Games is #1 in the US and I cannot express how grateful I am for all of the love and support! I, and countless talented people really put so much love and passion into it, and seeing everyone's reactions has been amazing! Thanks guys! &#x2764;&#xFE0F; <a href="https://t.co/ZTcZlXUhCS">pic.twitter.com/ZTcZlXUhCS</a>
&mdash; MrBeast (@MrBeast) <a href="https://twitter.com/MrBeast/status/1870242683039683065?ref_src=twsrc%5Etfw">December 20, 2024</a></blockquote>
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</figure>
The content creator, who is the most followed individual on YouTube, <a href="https://x.com/MrBeast/status/1870545271274590539">tweeted </a>that the show was number one on Prime Video in almost half the countries on Earth, naming many in the post.
Prime Video saw the previous week led by "Red One," a Christmas movie starring Dwayne "The Rock" Johnson and Chris Evans. Amazon said <a href="https://www.benzinga.com/general/entertainment/24/12/42537187/christmas-movie-with-the-rock-flops-at-box-office-breaks-streaming-records-for-this-company">over 50 million people </a>watched the movie in its first week. "Beast Games" knocked "Red One" down to number two across many territories.
Knocking a movie that set the premiere week record for Prime Video shouldn't go unnoticed for Prime Video, especially a Christmas movie in the weeks ahead of the holiday.
Amazon bet aggressively on "Beast Games," reportedly beating out other streaming and media companies for the content creator's game show idea.
&#8220;Amazon will give us the most creative control,&#8221; Donaldson previously said. &#8220;Other platforms didn&#8217;t. There&#8217;s a reason we went with Amazon.&#8221;
Beast Games is a big bet for Prime Video. The reported cost is around $100 million and includes building a city for the show. But with strong initial viewership it looks like the bet could pay off.
Donaldson <a href="https://x.com/MrBeast/status/1870910033120149861">shared </a>the first 10 minutes of the premiere episode of "Beast Games" on X and YouTube. Viewers must go to Prime Video to watch the full episode.
Read Also:<a href="https://www.benzinga.com/general/entertainment/24/12/42563662/streamers-max-paramount-won-november-heres-why-analyst-expects-netflix-amazon-to-win-december"> Streamers Max, Paramount+ Won November: Here&#8217;s Why Analyst Expects Netflix, Amazon To Win December</a>
What's Next: For 10 episodes, "Beast Games" will eliminate contestants. The winner will take home the $5 million prize.
The next episode will premiere on Thursday, Dec. 26 at 12 p.m. ET. The episode's release comes <a href="https://www.benzinga.com/general/entertainment/24/11/42199235/amazon-prime-vs-netflix-mrbeast-game-show-arrives-dec-19-squid-game-season-2-drops-1-week-later">out the same day</a> as the highly anticipated second season of "Squid Game" on Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>). This means Netflix and Amazon will be pitted against each other for viewership the day after the Christmas holiday.
The "Beast Games" finale episode premieres on Feb. 13 and likely break several world records. It will also showcase Amazon's bet on MrBeast and his game show vision in full.
"Beast Games" may be far from over with the website hinting at future seasons.
"Don't miss your chance to be part of the excitement and competition in the future. Enter your email below to be notified when applications reopen for the next Beast Games!" the Beast Games website reads.
For Donaldson and potentially Amazon, granted they sign on for additional seasons, this could be the beginning of one of the most-watched game shows worldwide.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42562732/mrbeasts-new-game-show-to-premiere-on-amazon-prime-video-thursday-why-billionaire-david-tepper-may-be-watching">MrBeast&#8217;s New Game Show To Premiere On Amazon Prime Video Thursday: Why Billionaire David Tepper May Be Watching</a></li>
</ul>
Image: Shutterstock

Entertainment

AMZN

NFLX

MrBeast Dominates Prime Video: How YouTuber Could Help Amazon Boost Streaming Presence

Regarding building wealth, rental properties can be a solid investment. <a href="https://www.benzinga.com/personal-finance/24/11/42026823/this-is-how-you-get-wealthy-dave-ramsey-details-how-one-move-could-make-you-5-million-by-retirement">Personal finance expert</a> Dave Ramsey is all for owning real estate – but only if you do it correctly. In his usual straightforward style, Ramsey is clear about one thing: don't fall for the get-rich-quick schemes that often pop up around real estate.
<h2 class="wp-block-heading">The Real Estate Hype Comes Back Every Few Years</h2>
Ramsey points out that every seven to eight years, a wave of get-rich-quick real estate hype rolls through, targeting people who don't remember how risky it was last time. The promise? Buy properties, take on a ton of debt, and let the renters cover your payments while you sit back and collect cash. According to Ramsey, this is a fantasy.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Every so many years, the get-rich-quick real estate movement kicks up again. It's about a 7–8 year cycle, because you have to get the young people who don't remember how stupid it was a little bit older, so they don't remember how stupid it was. There's nothing wrong with owning… <a href="https://t.co/NNjqTTjhwG">pic.twitter.com/NNjqTTjhwG</a>
&mdash; Dave Ramsey (@DaveRamsey) <a href="https://twitter.com/DaveRamsey/status/1695797715899236798?ref_src=twsrc%5Etfw">August 27, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Don't Miss:
<ul>
<li>This Jeff Bezos-backed startup will allow you to <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=byerscta100">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a></li>
<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl-y2"> you can become an investor for $0.80 per share today.</a></li>
</ul>
"If you tell me the renters are going to pay the payments for you, that tells me you&#8217;ve never managed rental property," he says. Life happens – tenants lose jobs, deal with health issues, or face other financial hardships. Rent doesn't always show up on time; assuming it will is a rookie mistake.
<h2 class="wp-block-heading">Ramsey's Rules for Smart Real Estate Investing</h2>
Ramsey isn't against real estate at all. In fact, he owns several rental properties himself. The difference? He buys them with cash. No debt. No risky assumptions.
Here's his advice for anyone thinking about getting into real estate:
<ol>
<li>Get your financial house in order first: Pay off your home mortgage and other debts. Build an emergency fund covering 3–6 months of expenses.</li>
<li>Avoid debt: Ramsey learned the hard way over 30 years ago that debt can destroy your financial future. He's adamant about buying properties outright instead of taking out loans.</li>
<li>Start small and stay smart: Once you're financially stable, save aggressively to buy a rental property with cash. This approach minimizes risk and ensures you're not overleveraged if things go south.</li>
</ol>
See Also: Unlock the hidden potential of commercial real estate —<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=unlockboost-yahoo"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a>
<h2 class="wp-block-heading">Protect Your Investments with an LLC</h2>
For those building a real estate portfolio, Ramsey <a href="https://www.benzinga.com/markets/24/12/42561253/if-they-win-heres-the-savvy-reason-dave-ramsey-launches-a-new-real-estate-llc-after-hitting-5-million">suggests setting up a Limited Liability Company</a> to protect personal assets. If a tenant sues, the LLC limits claims to what it owns, keeping your home and savings safe. Once your properties in one LLC hit a value of around $5 million, Ramsey recommends forming another LLC to spread the risk.
<h2 class="wp-block-heading">Don't Fall for the Passive Income Myth</h2>
If you think <a href="https://www.benzinga.com/money/finance-rental-property">rental properties are easy</a>, think again. Ramsey bluntly calls the idea of passive income from real estate "moronic." <a href="https://www.benzinga.com/money/managing-rental-properties">Owning rentals</a> means dealing with tenants, fixing problems, and staying on top of legal issues. It's a business, not a hands-off investment.
Read Next:
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-y2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
<li><a href="https://www.benzinga.com/go/arrived-private-credit-yf">Arrived Home's Private Credit Fund&#8217;s has historically paid an annualized dividend yield of 8.1%&#x2A;</a>, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum.<a href="https://www.benzinga.com/go/arrived-private-credit-yf"> </a></li>
</ul>

'There's Nothing Wrong With Owning Rentals,' Says Dave Ramsey, But Forget The Get-Rich-Quick Nonsense Some Want You To Believe

Destination XL Group, Inc, (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXLG#NASDAQ">DXLG</a>), the leading integrated - commerce specialty retailer of Big + Tall men's clothing and shoes, today confirmed that it has received a non-binding proposal from Fund&nbsp;1 Investments, LLC to acquire all of the outstanding shares of the Company.

Destination XL Group Confirms Receipt Of Non-Binding Proposal From Fund 1 Investments To Acquire All Of The Outstanding Shares Of The Company For $3/Share

Canaccord Genuity analyst Austin Moeller maintained a Buy rating at Vertical Aerospace Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>) <a target="_blank" href="https://www.benzinga.com/quote/EVTL/analyst-ratings" rel="noreferrer noopener">with a price target of $16</a>.
Last week, the company reported a third-quarter net loss of $45.7 million, compared to $41.8 million in the same quarter a year ago.
The company has around 25 million Sterling pounds in cash. The new funding round is expected to close in the first quarter of 2025.
The analyst writes about the recent $50 million capital commitment, but the investor focuses on the expected completion of the full capital raise in the first quarter, a key step for VX4's development.
Last month, the term sheet outlined a $50 million funding commitment from Mudrick Capital, with $25 million in upfront funding and an additional $25 million backstop, which can <a target="_blank" href="https://www.benzinga.com/news/contracts/24/11/42162996/vertical-aerospace-soars-50-million-funding-boost-and-debt-conversion-propel-evtol-maker-forward" rel="noreferrer noopener">be reduced by third-party funding</a>.
This funding is expected to support the company's Flightpath 2030 Strategy, which aims to position Vertical as a global leader in the eVTOL market by the end of the decade. This strategy includes the ongoing development and certification of the VX4.
Moeller says that he is confident in the company's strong design and engineering team, which is making steady progress with the CAA on the VX4 certification.
The analyst revised estimates for EBITDA loss to $55.6 million from $89.6 million earlier in 2024, $70.7 million from $68.7 million in 2025 and $81.5 million from $80.5 million in 2026.
Price Action: EVTL shares are down 6.53% at $7.38 at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com//node/42653466" target="_blank" rel="noreferrer noopener">Honda, Nissan Confirm Merger Plans To Offset Chinese EV Competition: How Mitsubishi Factors In</a></li>
</ul>
Photo via Wikimedia Commons

Small Cap

EVTL

Amid Funding Milestones, Analyst Bets On Vertical Aerospace's Strong Engineering And Design Team

Following a strong rise in November, the U.S. consumer morale declined sharply in December, dragged down by concerns <a href="https://www.benzinga.com/news/econ-s">about future economic conditions. </a>
The Conference Board&#8217;s Consumer Confidence Index declined by 8.1 points to 104.7, moving back into the mid-range levels observed over the past two years. 
The most significant drop occurred in the Expectations Index, which fell by 12.6 points to 81.1, teetering just above the critical threshold of 80. Historically, values below this level have been associated with recessionary periods.
&#8220;Compared to last month, consumers in December were substantially less optimistic about future business conditions and incomes. Moreover, pessimism about future employment prospects returned after cautious optimism prevailed in October and November," Dana M. Peterson, chief economist&nbsp;at The Conference Board.
<h3 class="wp-block-heading">Current Conditions: Labor Market Strong, Business Sentiment Weakens</h3>
Consumers' assessment of the present economy was mixed in December. Labor market sentiment improved, with 37.0% of respondents stating jobs were "plentiful," up from 33.6% in November, while those saying jobs were "hard to get" fell to 14.8% from 15.2%.
However, business conditions showed signs of deterioration. The share of consumers reporting that business conditions were "good" declined to 19.1% from 21.6%, while those describing them as "bad" increased to 16.7% from 15.3%.
<h3 class="wp-block-heading">Future Expectations Show Growing Pessimism</h3>
&#8220;While weaker consumer assessments of the present situation and expectations contributed to the decline, the expectations component saw the sharpest drop," Peterson added. 
The sharp drop in the Expectations Index highlights a growing sense of unease about the future. 
Only 21.7% of respondents expected better business conditions in the next six months, down from 24.7% in November. Meanwhile, the percentage anticipating worse conditions rose to 18.3% from 15.9%.
Labor market optimism also faded. The share of consumers expecting more jobs to become available dropped to 19.1% from 22.8%, while those anticipating fewer jobs increased to 21.3% from 17.9%. 
Personal income prospects mirrored this negative trend, with only 17.2% expecting their incomes to increase, down from 20.7% in November. Those expecting incomes to decline rose to 14.3% from 12.1%.
December brought a dip in stock market optimism. The percentage of consumers expecting stock prices to rise in the next year fell from a record high of 57.2% in November to 52.9%. Those anticipating a decline in stock prices increased from 21.7% to 25%.
Interest rate expectations were mixed. The share of consumers expecting rates to rise ticked up slightly to 48.5%, while those expecting rates to fall slipped to 29.3%. These shifts reflect lingering uncertainty about the Federal Reserve's monetary policy trajectory.
Concerns about tariffs also increased, with 46% of consumers expecting tariffs to raise the cost of living, while 21% believed tariffs could create more U.S. jobs.
The S&amp;P 500 index – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;–&nbsp;was up 0.2% by the time of this writing Monday. The index tracking the 500 largest U.S. companies has climbed nearly 25% year to date, matching the gains recorded in 2023.
Read now: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42628985/traders-fight-the-grinch-to-save-the-santa-rally-10-sp-500-stocks-poised-for-a-year-end-surge">Traders Fight The Grinch To Save The Santa Rally: 10 S&amp;P 500 Stocks Poised For A Year-End Surge</a></li>
</ul>
Photo: Shutterstock

Macro Economic Events

Broad U.S. Equity ETFs

Econ #s

Economics

ETFs

US Consumer Confidence Drops In December: Expectations Signal Potential Economic Weakness In 2025

<ul>
<li>Microsoft aims to reduce reliance on OpenAI due to cost and speed concerns</li>
<li>Microsoft adding homegrown smaller models to power 365 Copilot</li>
<li>Microsoft customizes open-weight models for efficiency in 365 Copilot</li>
</ul>
 - Reuters Citing Sources&nbsp;

MSFT

Microsoft Seeks To Reduce Reliance On OpenAI By Integrating Internal And Third-Party AI Models Into 365 Copilot For Greater Efficiency And Cost Savings

APLD

BITF

BTBT

BTCM

CIFR

CLSK

COIN

HIVE

IREN

MARA

MSTR

RIOT

WULF

Shares of crypto-related stocks are trading lower possibly amid a drop in Bitcoin.

Rumors

FULC

Shares Of Fulcrum Therapeutics See Volume; Traders Circulating Co. Mentioned By M&A Blog

Analysts revised/maintained the price target for Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) following better-than-expected fourth-quarter <a target="_blank" href="https://www.benzinga.com/news/earnings/24/12/42621270/carnival-cruises-into-success-with-record-bookings-and-strong-q4-earnings" rel="noreferrer noopener">2024 results reported last week</a>.
The company reported sales growth of 10% year-over-year to $5.938 billion, marginally beating the street view of $5.932 billion and adjusted EPS of $0.14,&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus estimate of $0.08.</a>
JP Morgan analyst Matthew R. Boss raised the price target to $31 from $29 while <a target="_blank" href="https://www.benzinga.com/quote/ccl/analyst-ratings" rel="noreferrer noopener">maintaining an Overweight rating</a>.
The analyst says that looking ahead to 2025, CEO Weinstein noted that nearly two-thirds of the year is already booked, and the company expects another year of big yield improvement, surpassing historical growth rates.
The cumulative advanced bookings for 2025 are 16 points higher compared to the same time last year, setting an &#8220;all-time high&#8221; for both price and occupancy, with each quarter of 2025 booked above 2024 levels, adds the analyst.
Boss writes that with increased advertising investment (after previous underinvestment compared to peers) and a more conservative capacity growth strategy, CCL is positioned to improve brand clarity, pricing power, and accelerate efforts to de-lever its balance sheet.
Truist Securities analyst C. Patrick Scholes maintained a Buy rating with a price target of $29.
The analyst says that fourth-quarter exceeded high Street and investor expectations, with upside to earnings driven by better-than-expected costs, particularly in the Commission, transportation, and other line items.
Scholes writes that he does not expect investor disappointment with the newly introduced 2025 earnings guide, which is roughly in line or slightly below consensus, as cruise lines typically provide conservative guidance at the start of the year due to global uncertainties.
With strong booking pricing trends continuing, the analyst anticipates further opportunities for quarterly earnings beats and upgrades.
Other analyst price target/rating revisions:
<ul>
<li>Stifel analyst increased the price target to $34 from $32, while reiterating a Buy rating.</li>
<li>Barclays analyst raised the price target to $32 from $31, while reiterating an Overweight rating.</li>
</ul>
Investors can gain exposure to the stock via&nbsp;AdvisorShares Hotel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEDZ#NYSE">BEDZ</a>) and&nbsp;Defiance Hotel, Airline, and Cruise ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUZ#NYSE">CRUZ</a>).
Price Action: CCL shares are down 4.89% at $25.49 at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/general/travel/24/12/42627563/wall-street-rallies-as-soft-inflation-data-fuels-dip-buying-bonds-rebound-travel-stocks-soar-whats-driving-markets-friday" target="_blank" rel="noreferrer noopener">Wall Street Rallies On Soft Inflation Data, Bonds Rebound, Travel Stocks Surge: What&#8217;s Driving Markets Friday?</a></li>
</ul>
Photo by Darryl Brooks via Shutterstock

Large Cap

BEDZ

CRUZ

After Carnival's Q4 Performance, Analysts See Smooth Sailing

KB Home's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) short percent of float has fallen 9.88% since its last report. The company recently reported that it has 5.68 million shares sold short, which is 12.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 6.85 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>KB Home Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734979522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for KB Home has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing KB Home's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, KB Home's peer group average for short interest as a percentage of float is 5.55%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About KB Home?

Alliant Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNT#NYSE">LNT</a>) short percent of float has risen 16.18% since its last report. The company recently reported that it has 7.08 million shares sold short, which is 3.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.61 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Alliant Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734979517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Alliant Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Alliant Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Alliant Energy's peer group average for short interest as a percentage of float is 2.09%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Alliant Energy's Recent Short Interest

Trade Desk's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NYSE">TTD</a>) short percent of float has fallen 5.6% since its last report. The company recently reported that it has 9.79 million shares sold short, which is 2.19% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.45 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Trade Desk Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734979511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Trade Desk has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Trade Desk's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Trade Desk's peer group average for short interest as a percentage of float is 4.62%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Trade Desk's Recent Short Interest

<a href="https://eletric-vehicles.com/lucid/exclusive-lucid-to-adopt-new-sales-model-in-europe-expand-to-belgium/#:~:text=Lucid%20Motors%20plans%20to%20adopt,sources%20told%20EV%20on%20Monday.">https://eletric-vehicles.com/lucid/exclusive-lucid-to-adopt-new-sales-model-in-europe-expand-to-belgium/#:~:text=Lucid%20Motors%20plans%20to%20adopt,sources%20told%20EV%20on%20Monday.</a>
&nbsp;
<a href="https://eletric-vehicles.com/category/lucid/">Lucid Motors</a> plans to adopt a dealership network business model in Europe while increasing the number of its showrooms. Additionally, the company is preparing its next wave of expansion in Europe which includes the expansion to the Belgian market next year, two internal sources told EV on Monday.

Global

LCID

'Exclusive: Lucid to Adopt New Sales Model in Europe, Expand to Belgium' - Electric Vehicles

HC Wainwright &amp; Co. analyst Raghuram Selvaraju upgraded Aclaris Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRS#NASDAQ">ACRS</a>) from Neutral to Buy and a <a href="https://www.benzinga.com/quote/ACRS/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $20</a>. The stock gained after the rerating.
In a press release last month, Aclaris announced that it had entered into an exclusive license agreement with privately held Biosion, Inc. for worldwide rights (excluding Greater China) to BSI-045B, a potential best-in-class, clinical-stage, novel anti-TSLP monoclonal antibody, and BSI-502, a potential best-in-class, preclinical-stage, novel bispecific antibody directed against both TSLP and IL4R.
Despite recent advances in anti-TSLP and anti-IL4R therapies, there remains a substantial unmet need for more effective and convenient treatment options.
Also Read: <a target="_blank" href="https://www.benzinga.com/media/24/12/42631016/taiwan-semiconductor-expands-in-japan-sony-and-denso-among-first-customers" rel="noreferrer noopener">Taiwan Semiconductor Expands in Japan: Sony and Denso Among First Customers</a>
In a completed Phase 2a, single-arm, proof-of-concept trial conducted in the U.S. in 22 patients with moderate-to-severe atopic dermatitis, BSI-045B was observed to have a pharmacodynamic, safety, and efficacy profile that could position it as a potential best-in-class therapy.
BSI-045B is also being advanced in multiple Phase 2 studies in China by Biosion&#8217;s regional partner, targeting severe asthma and chronic rhinosinusitis with nasal polyps, accelerating the potential to show proof-of-concept across additional indications.
Selvaraju expects Aclaris to initiate multiple mid-stage clinical studies next year in the U.S. due to potential positive results from the Chinese trials. 
This should pave the way for registration programs in the coming years. From Selvaraju&#8217;s vantage point, BSI-045B could generate billions of dollars in sales across solely the U.S. and European Union markets in only chronic asthma and atopic dermatitis indications.
This candidate could reach the U.S. market in 2029 to treat chronic asthma and in 2030 for treating AD, with potential peak annual sales of roughly $9.8 billion. 
Selvaraju&#8217;s forecasts include pricing in the $30K range in the U.S. and the $10K range in Europe, roughly in line with net pricing for Dupixent (dupilumab), the most commercially successful of the currently-marketed anti-IL-4R monoclonal antibodies with estimated 2024 sales totaling roughly 13 billion euros. 
Selvaraju noted that an earlier-generation monoclonal antibody, the anti-IgE agent Xolair (omalizumab), generated sales approaching $4 billion in 2023. Selvaraju ascribed a 30% probability of approval to BSI-045B in chronic asthma and a 20% probability of approval to this candidate in AD.
Selvaraju projected fourth-quarter revenue of $2.9 million and EPS of $(0.10).
Price Action: ACRS stock is up 8% at $2.94 at last check Monday.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42627181/blackberry-growth-hinge-on-iot-secure-communications-despite-valuation-concerns-analyst" target="_blank" rel="noreferrer noopener">BlackBerry Growth Hinge On IoT, Secure Communications Despite Valuation Concerns: Analyst</a></li>
</ul>
Photo: Gorodenkoff/Shutterstock.com

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Aclaris Stock Rises As Analyst Projects Billions In Sales For New Therapy

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