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Zoom Technologies (OTC:ZTNO) Stock, Option Chain

Zoom Technologies Inc designs, produces, markets, sales and supports broadband and dial-up modems, Voice over Internet Protocol or VoIP products and services, Bluetooth wireless products, and other communication-related products. It is engaged in mobile platform video game development, manufacturing, research and development, and sales of electronic components for third generation mobile phones, wireless communication circuitry, GPS equipment, and related software products.

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TSLA

SIGL

ZTNO

Facebook Inc.’s (NASDAQ: FB) announcement of its name change to Meta caused the shares of an unrelated company with a similar name, Me

Facebook Renaming Itself To Meta Causes 18% Spike In Unrelated Stock

General

Investors mistakenly ran up a stock 1100% during the last two days of the week&#39;s trading, after getting ahead of themselves when they saw a tweet from Elon Musk.

Mixed Signals: Elon Musk Tweet About Messaging App Sends People Rushing To Buy Unrelated Stock

ZOOM TECHS INC by Zoom Technologies, Inc.

Zoom Technologies Inc

Jacobs Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) reported quarterly earnings of $1.37 per share which missed the analyst consensus estimate of $1.54 by 11.04 percent. The company reported quarterly sales of $2.960 billion which beat the analyst consensus estimate of $2.368 billion by 25.00 percent. This is a 30.98 percent decrease over sales of $4.289 billion the same period last year.

Earnings

Earnings Beats

Earnings Misses

Jacobs Solutions Q4 2024 Adj. EPS $1.37 Misses $1.54 Estimate, Sales $2.960B Beat $2.368B Estimate

HC Wainwright &amp; Co. analyst Mitchell Kapoor reiterates Neurogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGNE#NASDAQ">NGNE</a>) with a Buy and maintains $55 price target.

Price Target

Reiteration

Analyst Ratings

NGNE

HC Wainwright & Co. Reiterates Buy on Neurogene, Maintains $55 Price Target

Amid rising tensions between the United States and China, a senior adviser from Beijing has issued a stark warning about the potential repercussions of President-elect Donald Trump&#8216;s proposed tariffs on Chinese goods. The adviser highlighted the significant impact these tariffs could have on the U.S. economy, particularly the defense sector.
What Happened: Ding Yifan, a researcher at the State Council&#8217;s Development Research Center, cautioned that Trump&#8217;s plan to impose a 60% tariff could severely affect American manufacturers. This includes the defense industry, which relies heavily on affordable components from China, the Financial Times <a href="https://www.ft.com/content/6d0484e8-e65f-478d-8548-4e3aa37ed339">reported</a> on Tuesday.
Ding stated that such tariffs could potentially reduce U.S. GDP growth by half. He also noted that Chinese suppliers might bypass these tariffs by rerouting products through other countries. His comments were made during a government-organized briefing for international media.
See Also: <a href="https://www.benzinga.com/news/global/24/11/41889911/whats-going-on-with-china-based-stocks-alibaba-jd-com-pdd-holdings-baidu-nio?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With China-Based Stocks Alibaba, JD.com, PDD Holdings, Baidu, Nio?</a>
He emphasized the crucial role of Chinese suppliers for U.S. military enterprises, warning that production could face significant disruptions without these supplies. 
"If [U.S. leaders] really implement the policies for trade friction or a confrontation, it will have severe consequences," Ding said.
Additionally, Ding pointed out that American consumers have historically shouldered the cost of tariffs, citing studies from the Peterson Institute for International Economics. He suggested that while China could mitigate some impacts by shifting trade routes, the U.S. might face greater economic turmoil.
Why It Matters: The warning from Beijing comes as Chinese President Xi Jinping <a href="https://www.benzinga.com/24/11/42025284/xi-jinping-tells-joe-biden-china-is-ready-to-work-with-trump-as-tariff-threat-looms">expressed China&#8217;s willingness </a>to collaborate with the U.S. government to manage differences and expand cooperation. This statement was made during a meeting with President Joe Biden, emphasizing China&#8217;s readiness to work with any U.S. administration.
Meanwhile, tech investor Peter Thiel has predicted that<a href="https://www.benzinga.com/markets/24/11/42028954/peter-thiel-says-trumps-60-china-tariff-would-be-very-very-bad-for-beijing-heres-whats-at-stake"> Trump&#8217;s proposed tariffs</a> would be detrimental to Chinese companies, though he believes the impact on American consumers would be &#8220;mildly negative.&#8221; Furthermore, Chinese tech giants like Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and ByteDance are expanding their presence in Silicon Valley, seeking to attract top U.S. talent in the AI sector amidst U.S. efforts to block progress.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, defense stocks have risen over the past one year running up to the November presidential elections. In terms of year-to-date (YTD) returns, Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) saw a 16.41% increase, while Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) witnessed a 3.95% increase. Beleaguered company Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) was down by 42.85% due to its own trouble while Northrop Grumman Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) was up by 3.95%.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42025284/xi-jinping-tells-joe-biden-china-is-ready-to-work-with-trump-as-tariff-threat-looms?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Xi Jinping Tells Joe Biden: China Is &#8216;Ready To Work With&#8217; Trump As Tariff Threat Looms</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.
Image via Shutterstock

Government

Regulations

Global

BABA

Trump's Tariffs Could Have 'Severe Consequences' For US Defense Sector, Beijing Adviser Warns

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Esperion Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESPR#NASDAQ">ESPR</a>) with a Buy and maintains $16 price target.

ESPR

HC Wainwright & Co. Reiterates Buy on Esperion Therapeutics, Maintains $16 Price Target

Guidance

BERY

Berry Anticipates Continued Low-single Digit Volume Growth In FY25; Sees Adjusted EPS Range Of $6.10 - $6.60 Vs. Comparable ~$6.00 Last Year

Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) has been making headlines after its board member, and partner at 8VC, Alex Moore deleted his X (formerly Twitter) account after saying in a tweet that its move to Nasdaq will &#8220;force billions in ETF buying.&#8221;
The tweet also said, "Everything we do is to reward and support our retail diamondhands following.&#8221;
<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">A deleted tweet by Alex Moore, board member of Palantir, <a href="https://twitter.com/search?q=%24PLTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PLTR</a>. He also said: "Everything we do is to reward and support our retail diamondhands following.&quot; <a href="https://t.co/KmMVQ2M7gD">pic.twitter.com/KmMVQ2M7gD</a>
&mdash; unusual_whales (@unusual_whales) <a href="https://twitter.com/unusual_whales/status/1857831246283301221?ref_src=twsrc%5Etfw">November 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
What Happened: Palantir Technologies, also popularly known on the r/PLTR, subreddit as "pili,&#8221; is a data management and software company cofounded by Peter Thiel. It deals with government and military contracts. Knowing Palantir&#8217;s business it&#8217;s unlikely for the financial market participants to peg this company for having a vehement, meme-making fandom.
On Nov. 14, Palantir announced that it would<a href="https://www.benzinga.com/trading-ideas/movers/24/11/41994158/palantir-stock-is-rising-after-the-bell-whats-going-on"> transfer the listing of its Class A common stock</a> from the New York Stock Exchange to the Nasdaq Global Select Market. Palantir said it expects to begin trading as a Nasdaq-listed company on Nov. 26. "Upon transferring, Palantir anticipates meeting the eligibility requirements of the Nasdaq-100 Index," the company said.
The tweet from Moore came after the announcement where he said that the shift to Nasdaq was to &#8220;deliver tendies to retail investors&#8221; consequent to the Nasdaq-following ETFs buying the stock.
Moore did not immediately respond to <a href="https://www.benzinga.com">Benzinga&#8217;s</a> request for comment.
The use of &#8216;tendies&#8217; is part of a broader meme culture within the stock market, where the slang term is used to discuss stock appreciation and profits. On Reddit, what &#8216;tendies&#8217; also represent are the chicken tenders that an adult can buy as a reward for doing his chores.
Also read: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41994158/palantir-stock-is-rising-after-the-bell-whats-going-on">Palantir Stock Is Rising After The Bell: What&#8217;s Going On?</a>
Why It Matters: The fandom started when the company&#8217;s chief executive officer Alex Karp&#8217;s video overdubbed with fake vocals was posted by fans in r/PLTR. In the spoof video, Karp also known in the meme community as Daddy Karp was using indecent words and claimed that the stock would climb to $504 apiece. Following was the real video, which was spoofed:
<figure class="wp-block-embed is-type-rich is-provider-reddit wp-block-embed-reddit"> 
<div class="wp-block-embed__wrapper">
<blockquote class="reddit-embed-bq" style="height:500px" ><a href="https://www.reddit.com/r/PLTR/comments/13nxy0z/papa_karp_on_taking_us_to_the_promised_land_of/">Papa Karp on taking us to the Promised Land of Tendies</a> by<a href="https://www.reddit.com/user/WildWestCollectibles/">u/WildWestCollectibles</a> in<a href="https://www.reddit.com/r/PLTR/">PLTR</a></blockquote>
<script async src="https://embed.reddit.com/widgets.js" charset="UTF-8"></script></div>
</figure>
However, Arny Trezzi, from Lecco, Italy, who runs the weekly Substack newsletter, Palantir Bullets told <a href="https://www.linkedin.com/pulse/how-palantir-stock-developed-weird-passionate-meme-crazy">LinkedIn News</a> that "even though the fundamentals of the company actually started to emerge, the meme community basically died when the stock went down in 2022."
"Board members should not be making posts like this regarding the companies they serve," a former regulator with the Securities and Exchange Commission and Financial Industry Regulatory Authority and founder of FrontLine Compliance Amy Lynch <a href="https://www.bloomberg.com/news/articles/2024-11-18/palantir-pltr-board-member-deletes-x-account-after-etf-buying-post">told </a>Bloomberg.
The SEC will look at all trading activity and Reddit posts to see what was happening at the time of the tweet and who benefited from the tweet via transactions, Lynch said. While nothing may come of their investigation, it's possible the company could look to remove him from the board, she added.
Read next: <a href="https://www.benzinga.com/markets/equities/24/11/42038825/lockheed-martin-northrop-grumman-defense-etfs-outperform-sp-500-over-the-last-15-years-whats-driving-the-growth-analysts-decode">Lockheed Martin, Northrop Grumman, Defense ETFs Outperform S&amp;P 500 Over The Last 15 Years — What&#8217;s Driving The Growth? Analysts Decode</a>
Image Via Shutterstock

Equities

Market Summary

Markets

PLTR

Palantir Board Member In A Deleted X Post Said Nasdaq Move Will 'Force Billions In ETF Buying And Deliver Tendies': Here's What This Meme-Stock Term Means

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates Protagonist Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTGX#NASDAQ">PTGX</a>) with a Buy and maintains $50 price target.

PTGX

HC Wainwright & Co. Reiterates Buy on Protagonist Therapeutics, Maintains $50 Price Target

Kingsoft Cloud Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) reported quarterly sales of $1.885 billion which missed the analyst consensus estimate of $1.933 billion by 2.46 percent. This is a 16.00 percent increase over sales of $1.625 billion the same period last year.

Kingsoft Cloud Holdings Q3 Sales RMB1.885B Miss RMB1.933B Estimate, Adj. Net Loss RMB236.7M Vs. RMB313.3M YoY

U.S. stocks could open on a negative note on Tuesday after the <a href="https://www.benzinga.com/news/econ-s/24/11/42017118/stocks-tumble-as-traders-rethink-feds-action-vix-spikes-17-nasdaq-erases-back-post-trump-gains-whats-driving-markets-friday">averages maintained a cautious stance last week</a>. Futures of all three major indices were slightly down on Tuesday, pointing to a cautious sentiment on Wall Street.
Economic data and Federal Reserve chair Jerome Powell's comments about the future of rate cuts dampened the sentiment. Powell said the Federal Open Market Committee (FOMC) is not in a hurry after economic data showed strength.
Geopolitical tensions are weighing on investor sentiment, as Russian President Vladimir Putin expanded the country's nuclear doctrine, according to reports <a href="https://tass.com/politics/1874437">by</a> the TASS news agency.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.36%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.47%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.62%</td>
</tr>
<tr>
<td>R2K</td>
<td>-1.29%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.35% to $586.11 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.29% to $498.58, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed on a mixed note on Monday, with the Dow Jones closing in the red while the Nasdaq and S&amp;P 500 edged up.
Crude oil prices remained under the $70 mark, edging lower after rebounding due to disruptions in Norway.
Treasury yields eased marginally amid a broader risk-off sentiment.
On the economic data front, the NAHB/Wells Fargo Housing Market Index climbed to 46 in November from 43 in October, recording the highest reading in seven months.
Most sectors on the S&amp;P 500 closed on a positive note, with energy, communication services, and consumer discretionary stocks recording the biggest gains on Monday.
However, industrial stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.60%</td>
<td>18,791.81</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.39%</td>
<td>5,893.62</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.13%</td>
<td>43,389.60</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.11%</td>
<td>2,306.34</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Tom Lee, head of research at FundStrat Global Advisors, noted <a href="https://www.cnbc.com/video/2024/11/18/watch-cnbcs-full-interview-with-fundstrat-global-advisors-tom-lee.html">in</a> an interview with CNBC that the "Trump trade" is still intact despite it losing some steam over the past week.
He underscored that as uncertainty reduces around President-elect Donald Trump's announcement of Treasury Secretary, it will be a "clearing event" for the markets.
He also believes that although Fed chair Powell said there is no need to rush with rate cuts, the expectations for the number of cuts over the next year remain the same. Essentially, it's only a matter of timing, according to Lee.
With Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) set to announce its results this week, Lee thinks that it will be another "clearing event" for the markets.
"Markets get very hesitant in front of Nvidia's earnings. Once that is behind us, we'll see that the demand is strong and I think markets breathe a sigh of relief."
WisdomTree and Wharton School economist&nbsp;Jeremy Siegel reiterated his bull thesis but noted that higher rates could lead to some volatility in the near term.
"Equities still offer superior returns over the longer term compared to bonds," he said, as investors turn their eye towards the Federal Open Market Committee's (FOMC) next meeting.
Expectations of a further 25 basis point rate cut in December have fallen to just 65% now, down from 72% last week, according <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group's FedWatch tool.
"With long-term rates climbing, the market's trajectory will depend heavily on not only economic data but a clarification Trump's policies on tariffs and deportations," Siegel said.
On the whole, the Wharton economist underscored that "companies with strong balance sheets and pricing power" are best positioned to weather this higher-rate environment.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Tuesday's economic calendar is fairly light.
<ul>
<li>Data on new home construction and building permits will be released at 8:30 a.m. ET.</li>
<li>Chicago Fed President Austan Goolsbee&nbsp;will speak at 12:25 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares continued to rally, gaining 5.6% on Monday amid reports of Trump's transition team <a href="https://www.benzinga.com/markets/equities/24/11/42028797/tesla-soars-over-5-in-overnight-trading-as-trump-administration-reportedly-seeks-to-ease-fsd-norms">looking to ease self-driving rules</a>.</li>
<li>Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) subsidiary Google is staring at the prospect of <a href="https://www.benzinga.com/news/legal/24/11/42053249/google-could-lose-chrome-browser-in-dojs-latest-antitrust-move">divesting the Chrome web browser</a> as part of the Department of Justice's (DOJ) latest antitrust move. The company's stock fell in <a href="https://www.benzinga.com/markets/24/11/42056544/googles-parent-alphabet-shares-dip-during-tuesday-pre-market-whats-going-on">premarket trading on Tuesday</a>.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares <a href="https://www.benzinga.com/markets/equities/24/11/42057634/super-micro-computer-is-up-by-30-on-tuesday-pre-market-whats-going-on">surged over 30% in premarket trading on Tuesday</a> after the company submitted a compliance plan to continue trading on the Nasdaq.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) shares were down 4.7% in premarket trading after <a href="https://www.benzinga.com/general/social-media/24/11/42048594/trump-digs-deeper-into-cryptocurrency-bakkt-shares-soar-on-reported-interest-from-president-elects-media-company">reports suggested</a> that it is looking to acquire cryptocurrency company Bakkt Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>).</li>
<li>Investors are awaiting earnings results from Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), and Medtronic Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, falling by 0.7% to hover around $68.69 per barrel.
The 10-year Treasury note yield eased marginally to 4.365%.
Major Asian markets ended in the green on Tuesday, while European stocks declined in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42056899/jim-cramer-thinks-trumps-plans-for-robotaxis-are-fanciful-but-he-is-still-bullish-on-tesla-stock-the-musk-premium-will-work-its-magic-in-other-ways">Jim Cramer Thinks Trump&#8217;s Plans For Robotaxis Are &#8216;Fanciful,&#8217; But He Is Still Bullish On Tesla Stock: &#8216;The Musk Premium Will Work Its Magic In Other Ways&#8217;</a></li>
</ul>
Photo courtesy: Wikimedia

Futures

Economics

Federal Reserve

Pre-Market Outlook

Bakkt Holdings, Inc. Class A Common Stock

BKKT

GOOG

GOOGL

NVDA

SMCI

US Stocks Likely To Open In Red Amid Mounting Geopolitical Tensions: Wharton Economist Says Market Trajectory Will 'Heavily Depend' On Trump's Tariff Plans

BlueHalo, an Arlington Capital Partners portfolio company, was founded as a purpose-built platform providing capabilities in several key mission areas: Space Technologies, Counter-Uncrewed Aircraft Systems (cUAS), Directed Energy, Electronic Warfare, Cyber, Artificial Intelligence and other Emerging Technologies including Uncrewed Underwater Vehicles (UUVs).&nbsp;
BlueHalo estimates that it will achieve more than $900 million in revenues for 2024, in addition to funded backlog of nearly $600 million and a pipeline of multiple billion-dollar opportunities and programs of record. BlueHalo generated approximately $886 million of revenue in 2023, compared to $759 million and $660 million in 2022 and 2021, respectively.
On a pro forma basis, the combined company is expected to deliver more than $1.7 billion in revenue.

AVAV

AeroVironment Agrees To Acquire BlueHalo In An All-stock Transaction With An Enterprise Value Of $4.1B

Berry Global Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BERY#NYSE">BERY</a>) reported quarterly earnings of $2.27 per share which beat the analyst consensus estimate of $2.25 by 0.89 percent. This is a 0.44 percent decrease over earnings of $2.28 per share from the same period last year. The company reported quarterly sales of $3.17 billion which beat the analyst consensus estimate of $3.13 billion by 1.32 percent. This is a 2.62 percent increase over sales of $3.09 billion the same period last year.

Berry Global Gr Q4 2024 Adj EPS $2.27 Beats $2.25 Estimate, Sales $3.17B Beat $3.13B Estimate

Shares of Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) rose sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/news/earnings/24/11/42049125/symbotic-stock-rallies-after-strong-q4-results-details">better-than-expected fourth-quarter financial results.</a>
Symbotic reported quarterly earnings of five cents per share, which beat the analyst consensus estimate of three cents. Quarterly revenue came in at $576.76 million, which beat the analyst consensus estimate of $470.27 million and is an increase over sales of $391.88 million from the same period last year.
Symbotic shares jumped 28.6% to $39.30 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>PainReform Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRFX#NASDAQ">PRFX</a>) gained 165.4% to $1.42 in pre-market trading. PainReform announced a 1:4 reverse share split of the company&#8217;s ordinary shares will take effect after the closing bell on Wednesday, Nov. 20.</li>
<li>noco-noco Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) rose 115.5% to $0.2090 in pre-market trading after gaining around 9% on Monday.</li>
<li>TFF Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TFFP#NASDAQ">TFFP</a>) gained 49.9% to $0.5457 in pre-market trading. TFF Pharmaceutical recently announced it will wind down its operations.</li>
<li>Volato Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#NYSE">SOAR</a>) gained 49.4% to $0.3153 in pre-market trading. Volato Group shares gained around 4% on Monday after the company reported a year-over-year increase in third-quarter financial results.</li>
<li>HCW Biologics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCWB#NASDAQ">HCWB</a>) gained 33.9% to $1.66 in pre-market trading. HCW Biologics announced a $6.9 million direct offering and private placement priced above market.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 18.7% to $2.84 in pre-market trading after dipping 23% on Monday. The company recently disclosed a securities purchase agreement to sell 16 million shares of common stock at $2.50 per share in a registered direct offering.</li>
<li>J-Long Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JL#NASDAQ">JL</a>) gained 13.8% to $0.42 in pre-market trading after declining around 4% on Monday.</li>
<li>Zenvia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZENV#NASDAQ">ZENV</a>) climbed 13.7% to $1.32 in pre-market trading after the company posted third-quarter results.</li>
<li>Fresh2 Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRES#NASDAQ">FRES</a>) gained 9.5% to $1.0400 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Hanmi Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) shares tumbled 20.9% to $20.24 in pre-market trading.</li>
<li>Guardian Pharmacy Services, Inc. (NYSE: GRDN fell 20.7% to $16.96 in pre-market trading.</li>
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) shares fell 16.5% to $0.40 in pre-market trading. Helius Medical Technologies shares dipped around 9% on Monday after the company announced it initiated the process to explore a range of strategic alternatives.</li>
<li>Eco Wave Power Global AB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVE#NASDAQ">WAVE</a>) shares fell 15.1% to $8.01 in pre-market trading. Eco Wave Power Global shares jumped around 44% on Monday after the company announced it received the final Nationwide Permit from the U.S. Army Corps of Engineers.</li>
<li>AtlasClear Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATCH#NYSE">ATCH</a>) dipped 14.9% to $0.1870 in pre-market trading. AtlasClear shares jumped 22% on Monday higher after the company reported a year-over-year increase in first-quarter financial results.</li>
<li>Flushing Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) declined 12.2% to $15.25 in pre-market trading.</li>
<li>Eterna Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERNA#NASDAQ">ERNA</a>) fell 12.1% to $0.6036 in pre-market trading after dipping 18% on Monday.</li>
<li>Enveric Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVB#NASDAQ">ENVB</a>) fell 11.2% to $0.3135 in pre-market trading after declining around 5% on Monday.</li>
<li>CleanCore Solutions, Inc. (NYZE: ZONE) shares dipped 9.4% to $1.55 in pre-market trading. CleanCore Solutions recently announced the launch of a pilot program with an international hotel chain.</li>
<li>Incyte Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INCY#NASDAQ">INCY</a>) fell 10.3% to $68.98 in today's pre-market trading after the company issued an update on early Phase MRGPRX2 and MRGPRX4 programs.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42035732/jim-cramer-super-group-basic-materials-stock-is-very-hard-to-own-here">Jim Cramer: Super Group Finally &#8216;Broke Out,&#8217; This Basic Materials Stock Is &#8216;Very Hard To Own Here&#8217;</a></li>
</ul>

ATCH

ENVB

ERNA

FFIC

FRES

HAFC

HCWB

HSDT

INCY

NCNC

PRFX

QUBT

SOAR

TFFP

WAVE

ZENV

ZONE

Why Symbotic Shares Are Trading Higher By Over 28%; Here Are 20 Stocks Moving Premarket

President-elect Donald Trump may attend Starship&#8217;s sixth test flight from Starbase in Texas in person on Tuesday, as per media reports.
What Happened: The Federal Aviation Administration has issued &#8220;Temporary flight restrictions for VIP Movement&#8221; over Brownsville in Texas, hinting at a high-profile visit to the region, Reuters reported.
<a href="https://pro.benzinga.com/dashboard">Benzinga</a> has reached out to both SpaceX and FAA over the report but is yet to receive a confirmation.
Starship&#8217;s sixth flight test is now slated to launch from Starbase on Tuesday at about 4:00 pm CT. 
For the upcoming test flight, the company aims to catch Starship&#8217;s booster back at the launch site as on the last flight and splash down the upper stage in the Indian Ocean.
Why It Matters: NASA&#8217;s Artemis 3 mission slated to launch no earlier than September 2026 is expected to enable humans to land back on the surface of the moon with the help of the Starship human landing system. The last time humans set foot on the Moon was in 1972&nbsp;<a href="https://www.benzinga.com/news/24/01/36692749/just-a-worse-version-of-apollo-elon-musk-baffled-by-nasa-veterans-push-to-ditch-spacex-blue-origin-a" target="_blank" rel="noreferrer noopener">with Apollo 17</a>. Since then, no crew has traveled beyond low-Earth orbit.
SpaceX CEO Elon Musk, meanwhile, is eyeing&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">taking humans to Earth&#8217;s neighboring planet Mars</a>&nbsp;aboard the Starship. In September, he said that the first Starship launch to Mars is expected in 2026 and that it will not have a crew on board.
Musk and Trump have recently forged a seemingly strong relationship. Musk campaigned for Trump in the swing state of Pennsylvania in October and Trump recently named Musk <a href="https://www.benzinga.com/news/24/11/41965420/elon-musk-vivek-ramaswamy-led-department-of-government-efficiency-opens-account-on-x-says-it-is-working-overtime">to lead the</a> Department of Government Efficiency aimed at bringing down government bureaucracy, slashing excess regulations, cutting waste expenditures, and restructuring federal agencies.
Musk was also present with Trump on election night at the latter&#8217;s Mar-a-Lago resort in Florida. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/space/24/11/42025066/elon-musks-spacex-delays-starship-test-flight-next-attempt-now-set-for-tuesday" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s SpaceX Delays Starship Test Flight, Next Attempt Now Set For Tuesday</a></li>
</ul>
Photos courtesy: Shutterstock

SPACE

Trump May Attend Elon Musk's Starship Test Flight In Texas On Tuesday: Report

HC Wainwright &amp; Co. analyst Heiko Ihle reiterates enCore Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EU#NASDAQ">EU</a>) with a Buy and maintains $7 price target.

HC Wainwright & Co. Reiterates Buy on enCore Energy, Maintains $7 Price Target

HC Wainwright &amp; Co. analyst Andres Maldonado reiterates Werewolf Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOWL#NASDAQ">HOWL</a>) with a Buy and maintains $15 price target.

HOWL

HC Wainwright & Co. Reiterates Buy on Werewolf Therapeutics, Maintains $15 Price Target

HC Wainwright &amp; Co. analyst Yi Chen reiterates Anixa Biosciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANIX#NASDAQ">ANIX</a>) with a Buy and maintains $7 price target.

ANIX

HC Wainwright & Co. Reiterates Buy on Anixa Biosciences, Maintains $7 Price Target

Management

Adtalem Global Education Inc. Common Stock

ATGE

Adtalem Global Education Says Steve Beard, President And CEO, Was Unanimously Elected By Board To The Additional Position Of Board Chairman, Effective Immediately

Prominent venture capitalist David Sacks has predicted a high <a href="https://www.benzinga.com/markets/equities/24/10/41351251/trump-says-google-has-a-lot-of-power-but-stops-short-of-endorsing-a-break-up">likelihood of legal action</a> or a breakup of Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google in the next U.S. administration under Donald Trump.
What Happened: In an episode of the&nbsp;All-In&nbsp;podcast that was released on Saturday, Sacks stated that Google, which holds monopolies in search, advertising, and YouTube, should be dismantled.
&#8220;Google should be broken up,&#8221; he said, underscoring the need to address the company&#8217;s dominance in these key areas. 
Sacks also expressed confidence that the likelihood of a legal challenge or antitrust lawsuit against the tech giant is high, particularly with the prospect of a Trump administration in the future.
"What are the odds that this is pursued in the next administration? I'd say high," he added.
See Also:&nbsp;<a href="https://www.benzinga.com/news/retail-sales/24/11/42024288/consumer-tech-news-november-11-15-apple-plans-to-launch-an-ai-wall-tablet-meta-plans-to-introduce-ads-on-threads-more?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Consumer Tech News (November 11-15): Apple Plans To Launch An AI Wall Tablet, Meta Plans To Introduce Ads On Threads &amp; More</a>
The venture capitalist also said that while Mark Zuckerberg-led Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) faces challenges, there is less urgency to break it up.
Instead, Meta's issues are more focused on content moderation, especially its role in <a href="https://www.benzinga.com/general/biotech/24/08/40575260/mark-zuckerberg-reveals-biden-administration-pressured-meta-platforms-to-censor-certain-covid-19-">censoring free speech</a> during the 2020 election cycle related to Hunter Biden stories.
&#8220;But I do think, though, that Congress should investigate or continue investigating what went wrong there and what exactly is the involvement of the intelligence community and the deep state in the censorship request that we saw exposed by the Twitter files,&#8221; Sacks said.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Google has been under scrutiny for its monopolistic practices.
On Monday, it was reported that the <a href="https://www.benzinga.com/news/legal/24/11/42053249/google-could-lose-chrome-browser-in-dojs-latest-antitrust-move">U.S. Department of Justice</a>&nbsp;prepared to request a court order to force Google to divest its Chrome browser, following a ruling that found Google guilty of illegally monopolizing the search market.
As the DOJ&#8217;s final proposed remedies approach on Nov. 20, JPMorgan analyst Doug Anmuth anticipates potential headline risk but views this as an <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42036010/alphabet-on-trial-doj-remedies-loom-but-analyst-sees-20-upside-as-discount-to-meta-narrows">opportunity for greater clarity</a>.&nbsp;
He continues to hold an Overweight rating on the Alphabet stock, setting a price target of $212, which suggests a 20% upside from its current price.
Last month, Alphabet reported <a href="https://www.benzinga.com/news/earnings/24/10/41611263/alphabet-q3-earnings-highlights-revenue-beat-eps-beat-google-cloud-up-35-momentum-across-the-compan">third-quarter revenue</a> of $88.27 billion, marking a 15% year-over-year increase and surpassing the Street consensus estimate of $86.31 billion.
At the time, CEO Sundar Pichai had&nbsp;cautioned&nbsp;that the DOJ's proposals could lead to &#8220;<a href="https://www.benzinga.com/news/24/10/41616230/sundar-pichai-admits-doj-proposals-could-have-unintended-consequences-google-mapping-out-plan-b-in-c">unintended consequences</a>.&#8221;
<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="Trump&#039;s market impact: Bitcoin, M&amp;A, IPOs + transition picks; Polymarket CEO raided by FBI" width="500" height="281" src="https://www.youtube.com/embed/0CBMlzHo0AU?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>
Price Action: On Monday, Alphabet&#8217;s Class A stock rose 1.63%, closing at $175.30, while Class C stock gained 1.67% to close at $176.80.
However, in pre-market trading on Tuesday, Alphabet&#8217;s Class A stock fell 0.63% to $174.20, and Class C stock declined 0.89% to $175.22, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42022124/t-mobile-hit-by-chinese-hackers-after-rivals-att-verizon-suffer-breach-report?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">T-Mobile Hit By Chinese Hackers After Rivals AT&amp;T, Verizon Suffer Breach: Report</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AAPL

'Google Should Be Broken Up,' VC David Sacks Foresees High Odds Of Antitrust Lawsuit Or Breakup Under Donald Trump's Administration

AKAM

Akamai Extends Segmentation Solution, Akamai Guardicore Segmentation, To Support Agentless Enforcement For Cloud Native Resources In Amazon Web Services

Comstock Fuels Corporation ("Comstock Fuels"), of an amendment to its exclusive license agreement with RenFuel K2B AB ("RenFuel") for use of RenFuel's patented catalytic esterification process to refine Comstock Fuels' proprietary BioleumTM biointermediates. The amendment expanded the territory from North America, Central America, and South America to include Australia, New Zealand and Vietnam to facilitate ongoing project development by licensees of Comstock Fuels broader lignocellulosic biomass refining process.

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