Short interest for Bionano Genomics gives investors a sense of the degree to which investors are betting on the decline of Bionano Genomics's stock. Short interest data is updated every two weeks.

Bionano Genomics Stock (NASDAQ:BNGO), Short Interest Report

Bionano Genomics

Bionano Genomics Inc is a life sciences instrumentation company in the genome analysis space. It is engaged in the development and marketing of the Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline the study of changes in chromosomes. Geographically, it operates in Americas, EMEA and Asia Pacific; majority revenue being generated from Americas. They generate product revenue from sales of its OGM and Ionic Purification systems and consumables, which includes its instruments, and their VIA software.

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Penny Stocks

Movers

BNGO

Bionano Genomics, Inc. (NASDAQ: BNGO) shares are trading lower Monday. The company&#39;s stock began trading on a reverse split-adjusted basis on Monday.

What&#39;s Going On With Bionano Genomics Stock?

Long Ideas

Small Cap

Insider Trades

Pre-Market Outlook

Markets

Trading Ideas

BLIN

The Dow Jones closed lower by over 200 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company&#39;s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision.

Over $1M Bet On Bioventus? Check Out These 4 Penny Stocks Insiders Are Aggressively Buying

Short Ideas

Health Care

General

ACET

CUTR

NVAX

NVTA

SAVA

STOK

VTGN

SENS

As of the close of business on Wednesday, 6/7, we captured the Top 10 Highest Short Interest % stocks within the Healthcare sector.

The average short interest for stocks within the Healthcare sector stands at 3.5%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.

Short Interest Sector Focus: Healthcare Sector

Bionano Genomics Inc

Former Secretary of State Hillary Clinton warns of a more severe Trump presidency, citing his recent interviews with Time.
What Happened: On Tuesday, Clinton shared a post on X, formerly Twitter, highlighting the potential dangers of a second Trump presidency. She quoted an excerpt from a Time article, which detailed Trump&#8217;s plans for a potential future term.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If Donald Trump becomes president again, it wouldn&#39;t be as bad as it was last time. It would be much, much worse. Read about his plans, as he describes them in new TIME interviews, and take them seriously. <a href="https://t.co/RezUaOrJ3i">https://t.co/RezUaOrJ3i</a> <a href="https://t.co/Ds4E4iRRmC">pic.twitter.com/Ds4E4iRRmC</a>
&mdash; Hillary Clinton (@HillaryClinton) <a href="https://twitter.com/HillaryClinton/status/1785348329334833386?ref_src=twsrc%5Etfw">April 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/news/24/04/38479082/elon-musk-gives-one-word-response-to-joe-bidens-dig-at-donald-trump-at-white-house-correspondents-di?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Gives One-Word Response To Joe Biden&#8217;s Dig At Donald Trump At White House Correspondents&#8217; Dinner</a>
The excerpt shared by Clinton from Time journalist Eric Cortellessa paints a picture of an &#8220;imperial presidency&#8221; where Trump would be willing to deploy the U.S. military for mass deportations, allow states to monitor women&#8217;s pregnancies, and potentially fire U.S. Attorneys who don&#8217;t follow his orders.
Why It Matters: The post comes in the wake of a series of interviews where Trump discussed his potential plans if re-elected. Trump <a href="https://www.benzinga.com/news/24/04/38539108/trump-says-if-supreme-court-decides-president-doesnt-get-immunity-then-biden-will-be-prosecuted-for">hinted at the prosecution</a> of President Joe Biden, contingent on the Supreme Court&#8217;s decision on presidential immunity.
Recent polls, nearing the six-month mark until the 2024 election, <a href="https://www.benzinga.com/general/politics/24/04/38537950/trump-vs-biden-former-president-holds-lead-in-all-7-swing-states-which-candidate-does-robert-f-k">suggest a close race</a> between Trump and Biden, with Trump leading in all seven swing states, including those won by Biden in 2020. 
Clinton has previously criticized Trump&#8217;s <a href="https://www.benzinga.com/news/24/04/38347162/hillary-clinton-says-donald-trump-would-like-to-do-what-vladimir-putin-does-including-kill-his-oppos">authoritarian tendencies</a>. Earlier, she suggested that Trump would be happy to suppress his opposition in a manner similar to Russian President Vladimir Putin.
She has also criticized Trump&#8217;s policies <a href="https://www.benzinga.com/news/24/04/38328076/hillary-clinton-says-trump-is-on-your-side-if-you-are-a-billionaire-otherwise-good-luck">favoring the wealthy</a>, as reported in another Benzinga article, where she responded to a post criticizing Trump&#8217;s tax policies.
Photo Courtesy: Evan El-Amin On Shutterstock.com
Read Next: <a href="https://www.benzinga.com/news/24/04/38507901/trump-kennedy-jr-feud-escalates-as-polls-indicate-gap-between-democract-gop-candidates-narrowing?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump-Kennedy Jr. Feud Escalates As Polls Indicate Gap Between Democract, GOP Candidates Narrowing</a>
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 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
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 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Politics

Hillary Clinton On Another Trump Presidency: 'It Wouldn't Be As Bad As It Was Last Time, It Would Be...'

Martin Shkreli, the infamous former pharmaceutical executive, recently made an intriguing comment on social media platform X, hinting at his prison life. This comes as Changpeng Zhao, the co-founder of Binance (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), has been sentenced to prison.
What Happened: Shkreli, who is known as the &#8220;Pharma Bro,&#8221; took to social media platform X to comment on a post by billionaire Binance Co-Founder Changpeng Zhao. Shkreli wrote, &#8220;burgers on wednesday, chicken on Thursday,&#8221; hinting at the prison menu.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">burgers on wednesday, chicken on thursday
&mdash; Martin Shkreli (e/acc) (@MartinShkreli) <a href="https://twitter.com/MartinShkreli/status/1785466049711759561?ref_src=twsrc%5Etfw">May 1, 2024</a></blockquote>
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Shkreli has been known for sharing <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37764805/sam-bankman-fried-considered-coming-out-as-a-republican-on-tucker-carlsons-show-after-ftxs">advice on prison life</a>. In November, he boasted to Tucker Carlson that Sam Bankman-Fried had sought his advice on serving time in prison, as the FTX founder faced a potential sentence of over 100 years.
Shkreli was released from federal prison in May 2022 after serving approximately five years. Following a lawsuit by the Federal Trade Commission, he was ordered to repay $64 million and faced a lifetime ban, which he contested as excessive and limiting his freedom of speech.
According to Martin Shkreli&#8217;s verified account on X, he <a href="https://x.com/wagieeacc/status/1778826437576790225">announced</a> that he would be moving his account to &#8216;@martinshkreli,&#8217; expressing apologies for any messages sent from the previous account due to it being set as default on his iPhone and acknowledging his laziness.
On the other hand, Zhao, the co-founder and former CEO of Binance, has been <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38532677/former-binance-ceo-changpeng-zhao-sentenced-to-four-months-in-prison">sentenced to four months in prison</a> for his involvement in the failure to establish an effective anti-money laundering (AML) program at the cryptocurrency exchange. Despite his personal situation, Zhao emphasized the importance of compliance in the crypto industry.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38508352/bitcoins-short-term-holder-realized-price-at-59-800-analyst-says-falling-below-this?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin&#8217;s Short-Term Holder Realized Price At $59,800; Analyst Says Falling Below This Could Trigger Notable &#8216;Price Corrections&#8217;</a>
Why It Matters: Zhao&#8217;s legal troubles have been a point of concern in the cryptocurrency industry. Just a week before his sentencing, Zhao <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38315241/binance-secures-major-win-with-dubai-crypto-license-after-changpeng-zhao-surrenders-voting">surrendered his voting power in Binance</a>, which led to the exchange securing a crucial regulatory license in Dubai. This move was seen as a significant step towards Binance&#8217;s compliance with global regulations.
Earlier in April, the U.S. Department of Justice (DOJ) had <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38401035/binance-founder-changpeng-zhao-apologizes-doj-pushes-for-3-year-sentence">pushed for a three-year prison term</a> for Zhao, citing serious lapses in regulatory compliance during his tenure at Binance. Despite the legal challenges, Binance has continued to operate, and Zhao&#8217;s recent tweet indicates his commitment to the industry&#8217;s compliance and development.
Price Action: As of the latest update, BNB is trading at $573.32, marking a decrease of 4.76% over the past 24 hours and a 5.42% decline over the last week. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is currently priced at $60,215.92, reflecting a 6.73% drop in the last 24 hours, according to the data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478293/shiba-inus-burn-rate-soars-cathie-wood-believes-ethereum-could-catch-up-to-bitcoin-and-mor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More: Top Crypto</a>
Binance&#8217;s Changpeng Zhao. Photo via Flickr
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Engineered by Benzinga Neuro, Edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>
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The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Learn more.</a>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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$BNB

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'Pharma Bro' Martin Shkreli Teases Binance Co-Founder Changpeng Zhao With A Supposed Prison Menu: 'Burgers On Wednesday, Chicken On Thursday'

Amazon.com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO&nbsp;Andy Jassy&nbsp;has expressed optimism about the future of the company&#8217;s&nbsp;Amazon Web Services&nbsp;or AWS during <a href="https://www.benzinga.com/news/earnings/24/04/38534302/amazon-q1-earnings-highlights-revenue-beat-eps-beat-aws-hits-100-billion-annual-run-rate-and-more">the first-quarter 2024</a> earnings call.
What Happened: On Tuesday, during the call, Jassy highlighted the potential for AWS, stating that despite the segment&#8217;s&nbsp;$100 billion-plus annualized revenue run&nbsp;rate, over 85%&nbsp;of the global IT spend&nbsp;is still on-premises. &#8220;We remain very bullish on AWS.&#8221;
He also noted the impending rise of gen AI, which is expected to be predominantly cloud-based&nbsp;over the next 10 to&nbsp;20 years, presenting a significant opportunity for AWS. &#8220;There is a very large opportunity in front of us,&#8221; he stated. 
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38480983/giant-leap-for-apple-new-leak-of-iphone-16-lineup-confirms-recent-rumors-about-screen-sizes-and-came?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Giant Leap For Apple? New Leak Of iPhone 16 Lineup Confirms Recent Rumors About Screen Sizes And Camera Bump</a>
Jassy went on to highlight AWS&#8217;s competitive edge, which is attracting more companies to shift&nbsp;their AI focus to AWS.
&#8220;We expect the combination of&nbsp;AWS&#8217; reaccelerating growth and high&nbsp;demand for gen AI to&nbsp;meaningfully increase year-over-year capital expenditures&nbsp;in 2024, which given the&nbsp;way the AWS business model&nbsp;works is a positive sign&nbsp;of the future growth,&#8221; the Amazon CEO said, adding, &#8220;The more demand AWS has, the more we have to procure new data centers, power and hardware.&#8221;
Why It Matters: In April 2024, it was reported that the <a href="https://www.benzinga.com/news/24/01/36578155/amazon-stock-is-trading-higher-whats-going-on">workforce reductions in AWS</a>, were part of the company&#8217;s efforts to streamline operations and pivot towards digital. At the time, the e-commerce giant reported cited overlapping roles as a reason behind these cuts. 
However, despite this, AWS has continued to innovate, launching services such as&nbsp;<a href="https://www.benzinga.com/news/24/04/38066196/amazon-aws-launches-deadline-cloud-to-transform-media-and-entertainment-content-creation-rendering">Deadline Cloud</a>&nbsp;to transform media and entertainment content creation and rendering.
Meanwhile, in the first quarter, Amazon&#8217;s net sales reached $143.3 billion, marking a 13% increase compared to the previous year and surpassing the Street&#8217;s estimated net sales of $142.5 billion, according to&nbsp;<a href="https://www.benzinga.com/pro/feature/newsfeed?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348" target="_blank" rel="noreferrer noopener">data from Benzinga Pro.</a>
AMZN Price Action: At the time of writing, Amazon shares were up by 1.23% in the after-hours session at $177.16, according to Benzinga Pro data.
Photo via Shutterstock.
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:&nbsp;<a href="https://www.benzinga.com/news/24/04/38509476/while-mark-zuckerberg-led-meta-battles-advertiser-complaints-elon-musk-continues-to-thrash-facebook?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">While Mark Zuckerberg-Led Meta Battles Advertiser Complaints, Elon Musk Continues To Thrash Facebook, Instagram For Allegedly Stealing &#8216;Credit For Traffic&#8217;</a>
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.

Tech

AMZN

Amazon's Andy Jassy Remains Bullish On AWS, Sees 'Very Large Opportunity' And Expects 'Meaningful' CapEx Increase In 2024

Top Democrats have rallied to shield Speaker Mike Johnson (R-La.) from a potential ouster threat by Rep. Marjorie Taylor Greene (R-Ga.), further intensifying the ongoing tensions within the House of Representatives.
What Happened: The debate over Johnson&#8217;s leadership reached a climax on Tuesday. Greene, who has been threatening to oust Johnson for over a month, stated that the Democrats&#8217; intervention was the last straw in her list of grievances against the Speaker, <a href="https://thehill.com/homenews/4634185-johnson-motion-to-vacate-greene-democrats-rescue/">reported</a> The Hill.
Greene accused Johnson of making &#8220;slimy&#8221; deals with Democrats and urged him to switch parties. She also pledged to force a vote on his removal, although she has not yet revealed when she intends to bring her resolution to the floor.
Leading Democrats, including Minority Leader Hakeem Jeffries (N.Y.), Democratic Whip Katherine Clark (Mass.), and House Democratic Caucus Chair Pete Aguilar (Calif.), have announced their intention to defend Johnson. Their strategy is to support a proposal to table Greene&#8217;s resolution, thereby preventing it from reaching the floor.
See Also: <a href="https://www.benzinga.com/news/24/04/38477150/biden-vs-trump-contest-could-be-lost-cause-for-one-candidate-if-history-were-anything-to-go-by-accor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Vs. Trump Contest Could Be Lost Cause For One Candidate If History Were Anything To Go By, According To Pollster</a>
Why It Matters: Greene&#8217;s dissatisfaction with Johnson&#8217;s leadership has been brewing for some time. This month, she <a href="https://www.benzinga.com/news/24/04/38084745/marjorie-taylor-greene-brands-mike-johnson-a-democrat-comparable-to-nancy-pelosi-literally-turned-in">likened</a> Johnson to a Democrat, criticizing him for striking a bipartisan deal on a $1.2 trillion funding bill.
Later, she called for <a href="https://www.benzinga.com/news/24/04/38349699/marjorie-taylor-greene-says-mike-johnsons-speakership-is-over-after-house-passes-ukraine-aid-package">Johnson&#8217;s resignation</a> following the House&#8217;s approval of a new aid package for Ukraine. Despite former President Donald Trump&#8217;s endorsement of Johnson, Greene <a href="https://www.benzinga.com/news/24/04/38394246/trumps-endorsement-fails-to-quell-marjorie-taylor-greenes-conservative-rebellion-against-speaker-mik">continued to voice her discontent</a>.
Johnson, on the other hand, dismissed concerns about being a Speaker supported by Democrats, stating that he leads the entire House, not just the GOP conference. He emphasized his conservative Republican philosophy and record, and vowed to continue governing based on those principles.
Images via Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38482489/ukrainian-troops-retreat-as-conflict-with-russia-intensifies-in-eastern-front-zelenskyy-urges-us-for?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ukrainian Troops Retreat As Conflict With Russia Intensifies In Eastern Front, Zelenskyy Urges US For Swift Arms Deliveries</a>
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 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Marjorie Taylor Greene's Ouster Threat Against Mike Johnson Gets Top Democrats Rallying Behind House Speaker

It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
The easiest, most reliable way to judge a mutual fund&#39;s quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors&#39; portfolios that is retirement-focused.
Let&#39;s break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
Thrivent Large Cap Value Fund A (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aautx#NASDAQ">AAUTX</a>): 0.85% expense ratio and 0.45% management fee. AAUTX is a Large Cap Value fund. These funds invest in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. AAUTX has achieved five-year annual returns of an astounding 12.4%.
RBB Free Market US Equity (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fmuex#NASDAQ">FMUEX</a>): 0.55% expense ratio and 0.49% management fee. FMUEX is an All Cap Growth mutual fund. In order to increase diversification, these funds have holdings across small, medium, and large-cap levels. FMUEX, with annual returns of 11.41% over the last five years, is a well-diversified fund with a long track record of success.
TIAA-CREF Small Cap Equity Premier (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsrpx#NASDAQ">TSRPX</a>): 0.57% expense ratio and 0.4% management fee. TSRPX is a Small Cap Blend mutual fund, and usually targets stocks with market caps of less than $2 billion, letting investors diversify their funds among other kinds of small-cap equities. With a five-year annual return of 10.21%, this fund is a well-diversified fund with a long track record of success.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we&#39;ve reviewed. But if that isn&#39;t the case, it might be time to have a conversation or reconsider this vitally important relationship.
<a href="https://www.zacks.com/stock/news/2264701/should-you-add-these-3-top-performing-mutual-funds-to-your-portfolio?cid=CS-BENZ-FT-fundamental_analysis|top_ranked_mutual_fund-2264701">To read this article on Zacks.com click here.</a>

Mutual Funds

AAUTX

FMUEX

TSRPX

Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio?

Visa (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/v#NYSE">V</a>) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this global payments processor have returned -2.3% over the past month versus the Zacks S&amp;P 500 composite&#39;s -2.5% change. The Zacks Financial Transaction Services industry, to which Visa belongs, has lost 4.3% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company&#39;s future earnings over anything else. That&#39;s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock&#39;s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
Visa is expected to post earnings of $2.41 per share for the current quarter, representing a year-over-year change of +11.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.6%.
The consensus earnings estimate of $9.90 for the current fiscal year indicates a year-over-year change of +12.9%. This estimate has changed +0.2% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $10.98 indicates a change of +10.9% from what Visa is expected to report a year ago. Over the past month, the estimate has changed -0.8%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Visa.
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company&#39;s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It&#39;s almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company&#39;s potential revenue growth is crucial.
In the case of Visa, the consensus sales estimate of $8.89 billion for the current quarter points to a year-over-year change of +9.4%. The $35.73 billion and $39.12 billion estimates for the current and next fiscal years indicate changes of +9.4% and +9.5%, respectively.
Last Reported Results and Surprise History
Visa reported revenues of $8.78 billion in the last reported quarter, representing a year-over-year change of +9.9%. EPS of $2.51 for the same period compares with $2.09 a year ago.
Compared to the Zacks Consensus Estimate of $8.6 billion, the reported revenues represent a surprise of +2.07%. The EPS surprise was +3.29%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
No investment decision can be efficient without considering a stock&#39;s valuation. Whether a stock&#39;s current price rightly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Visa is graded D on this front, indicating that it is trading at a premium to its peers.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about Visa. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2264790/visa-inc-v-is-a-trending-stock-facts-to-know-before-betting-on-it?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks-2264790">To read this article on Zacks.com click here.</a>

Visa Inc. Is a Trending Stock: Facts to Know Before Betting on It

Tesla (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) has recently been on Zacks.com&#39;s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock&#39;s performance in the near future.
Over the past month, shares of this electric car maker have returned +10.8%, compared to the Zacks S&amp;P 500 composite&#39;s -2.5% change. During this period, the Zacks Automotive - Domestic industry, which Tesla falls in, has gained 6.5%. The key question now is: What could be the stock&#39;s future direction?
Although media reports or rumors about a significant change in a company&#39;s business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company&#39;s future earnings over anything else. That&#39;s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Tesla is expected to post earnings of $0.61 per share for the current quarter, representing a year-over-year change of -33%. Over the last 30 days, the Zacks Consensus Estimate has changed -13.4%.
The consensus earnings estimate of $2.48 for the current fiscal year indicates a year-over-year change of -20.5%. This estimate has changed -17.3% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $3.29 indicates a change of +32.5% from what Tesla is expected to report a year ago. Over the past month, the estimate has changed -17.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #5 (Strong Sell) for Tesla.
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company&#39;s financial health, nothing happens as such if a business isn&#39;t able to grow its revenues. After all, it&#39;s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it&#39;s important to know a company&#39;s potential revenue growth.
For Tesla, the consensus sales estimate for the current quarter of $24.99 billion indicates a year-over-year change of +0.3%. For the current and next fiscal years, $99.74 billion and $114.19 billion estimates indicate +3.1% and +14.5% changes, respectively.
Last Reported Results and Surprise History
Tesla reported revenues of $21.3 billion in the last reported quarter, representing a year-over-year change of -8.7%. EPS of $0.45 for the same period compares with $0.85 a year ago.
Compared to the Zacks Consensus Estimate of $22.15 billion, the reported revenues represent a surprise of -3.83%. The EPS surprise was -2.17%.
Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates just once over this period.
Valuation
No investment decision can be efficient without considering a stock&#39;s valuation. Whether a stock&#39;s current price rightly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Tesla is graded F on this front, indicating that it is trading at a premium to its peers.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about Tesla. However, its Zacks Rank #5 does suggest that it may underperform the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2264785/tesla-inc-tsla-is-attracting-investor-attention-here-is-what-you-should-know?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks-2264785">To read this article on Zacks.com click here.</a>

Earnings

TSLA

Tesla, Inc. is Attracting Investor Attention: Here is What You Should Know

Coinbase (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/coin#NASDAQ">COIN</a>), the largest U.S. crypto exchange by trading volume, is rolling out support for the Lightning Network from today, enabling a faster and cheaper way for its users to send, receive or pay with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)&nbsp;directly from their account. Previously, bitcoin transfers on Coinbase were processed on-chain, meaning transactions could take between 10 minutes and two hours, incurring high fees during periods of network congestion.&nbsp;Launched in 2017, the Lightning Network is a Layer 2 protocol built on top of the Bitcoin blockchain, designed to address scalability issues via bi-directional payment channels that enable near-instant, low-fee transactions off-chain without immediate settlement on the base layer. &quot;Growing Bitcoin adoption increases economic freedom in the world. I&#39;m thrilled that our Lightning integration is live to make Bitcoin more useful and accessible worldwide&quot; Coinbase&#39;s protocol specialist and Lightning integration lead Viktor Bunin told The Block. &quot;Offering faster and cheaper BTC payments through our partnership with Lightspark is another huge milestone for the ecosystem.&quot; Fees on the Lightning Network are broken down into a flat rate base fee as low as one satoshi &mdash; the smallest unit of bitcoin and equivalent to less than $0.01 &mdash; and a liquidity provider fee or fee rate as a percentage charged on the value of the payment. ​​Node operators on the network can set their fees at varying levels to compensate for locking up liquidity.
Read the <a href="https://www.theblock.co/post/291662/coinbase-lightning-network-lightspark?utm_source=benzinga&amp;utm_medium=rss&amp;utm_campaign=Coinbase+rolls+out+Lightning+Network+support+in+collaboration+with+Lightspark">full story</a> at The Block.

Events

COIN

Coinbase Rolls Out Lightning Network Support in Collaboration with Lightspark

<div>Nearly a week after the body of Dave Schultz was discovered in a field less than a mile from where his abandoned red- and white-striped Peterbilt with a loaded trailer of pigs was located in Sac County, Iowa, his family has more questions than answers.</div>

The Wall Lake, Iowa, man's widow, Sarah Schultz, says she's relieved that Dave's body has been found. But she and other family members still don't know how he died and why it took 155 days for the 53-year-old's body to be found in an area that had been heavily searched after he was reported missing on Nov. 21, 2023.

"It's good that he was found — at least we know where he is and we can be at ease with that, even though we don't know what happened yet" Sarah Schultz told FreightWaves. "I've been dreading this day, but I'm relieved it's over. It's exhausting to wonder and wait every time a body is found to find out if it was Dave. I feel exhausted."

Sarah said she received a call Wednesday from Sac County Sheriff Ken McClure that someone had reported finding a body in a field. She confirmed the boots and truck keys found at the scene belonged to her husband.

<div>
On Thursday, the Iowa Office of the State Medical Examiner conducted a forensic autopsy and identified Dave by his dental records.
</div>

Darrell Simmons, special agent in charge at the Iowa Department of Safety, said investigators don't suspect foul play based on the initial autopsy but that it may take up to six weeks before histology and toxicology reports are completed.

"Once the final autopsy report comes back, I want to sit down with the medical examiner and go over everything and make sure that we are confident in what we're going to release at that point and time" Simmons told FreightWaves. "We will probably never understand everything that happened, but when we get more of this information back from the autopsy lab results, we can hopefully get some idea of what led up to this or why this might have happened." 

<h2 id="h-a-mysterious-disappearance">A mysterious disappearance</h2>

Sarah said she last saw her husband alive around 7 p.m. on Nov. 20, after he stopped by the house to change clothes before heading out to pick up a Seaboard Foods load of 120 pigs near Eagle Grove, Iowa. Seaboard Foods is the third-largest pig producer in the United States and the fourth-leading pork processor. It has farm operations in Iowa, Oklahoma, Kansas, Texas and Colorado, according to its website.

<div>
However, authorities say Dave never arrived for his midnight appointment at the site where he was supposed to offload the pigs: the Wiechman Pig Co. buying station in Sac City, Iowa. Wiechman's home office is in Fremont, Nebraska, and it has 16 locations in the Midwest, including six pig-buying stations in Iowa.
</div>

Around 3 p.m. on Nov. 21, a Sac County secondary road employee reported seeing Dave's custom rig in the northbound lane of County Road N-14, but no Dave. The rig was facing the opposite direction of the buying station where Dave was scheduled to arrive with his load of pigs.

In the cab of his truck, investigators found his wallet, including his driver's license, cellphone and around $2,000 in cash, which Sarah confirmed he had in his wallet earlier. His coat was in a nearby ditch.

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After the rig was found, law enforcement searched the immediate area on foot and with a K-9, according to a Dec. 9 press release by McClure.

"The Sac County Sheriff's Office requested assistance from the Iowa State Patrol airwing unit" McClure said in the release. "An airplane was dispatched from Iowa City that was equipped with forward-looking infrared. A State Patrol pilot flew over the surrounding area and did not detect a heat signature that would be consistent with a person. For the next two days, law enforcement, area firefighters and volunteers expanded the ground search on foot and with the use of drones.  Nothing of significant value was located."

Investigators obtained video footage showing Dave at 11:15 p.m. on Nov. 21 at the Marker 126 Travel Center east of Fort Dodge, Iowa, on U.S. Highway 20. According to the press release, Dave was there for 16 minutes. He is then seen on a Department of Transportation camera on Highway 20 west of the truck stop heading west.

"This was the last time David was seen" McClure said. "Cellphone data obtained from David Schultz's phone corroborates this timeline."

Aiding in the search were members of the nonprofit search-and-rescue group the United Cajun Navy, led by Jake Rowley, the organization's Midwest team leader, along with countless volunteers. They searched over 100,000 acres in the area where the tractor-trailer was found, but without success.

<div>
Sarah said she is convinced something happened at the truck stop because when the rig was found, it was facing the wrong direction and the headlights and flashers were off. Dave wouldn't have done that, she said, because a vehicle traveling on that part of the highway could have struck the back of the rig in the dark.
</div>

"I still believe he was taken because I've talked to people who searched that field and said there's no way in hell they could have missed him" she said.

Simmons declined to comment further until final autopsy results are available.

<h2 id="h-time-marches-on">Time marches on</h2>

In the five months since Dave was first reported missing, Sarah said she has tried to stay strong for the couple's 10-year-old twin boys, Isaack and Joseph, who have been in grief counseling since their dad went missing.

"I never believed that Dave had taken off and left us to start a new life. Anybody that knew Dave knew he wouldn't do that" she said. "He wouldn't have left me or the boys."

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Prior to Dave's disappearance, he had recently purchased a bright yellow Peterbilt and was fixing it up. Sarah said the truck has since been sold. The red and white Pete that Dave was driving on the night he went missing is also for sale but needs a little work first, she said.

"I'm hoping it will sell soon because Dave didn't have life insurance" Sarah said. "He was in good shape; he could outrun our 10-year-old boys. We didn't count on him dying so young."

Sarah's cousin, Ramie Uren, has set up a GoFundMe campaign to help with the family's financial expenses.

No date has been set for his funeral as Sarah said she wants to ensure that Dave's family is included in the planning.

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"I have a meeting on Tuesday after I drop the kids off at school" she said. "I know Dave's brother will be there, and hopefully his parents will be there, too, to start the arrangements and picking things out for the service. I've never planned a funeral before. I'm still trying to make sense of why this happened and what happened."

The post <a href="https://www.freightwaves.com/news/widow-suspects-foul-play-after-missing-iowa-truckers-body-found">Widow suspects foul play after missing Iowa trucker's body found</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.

Media

Widow Suspects Foul Play After Missing Iowa Trucker's Body Found

Former U.S. President Donald Trump expressed his disappointment with Benjamin Netanyahu, the former Prime Minister of Israel.
What Happened: Trump revealed his dissatisfaction with Netanyahu in an <a href="https://time.com/6972022/donald-trump-transcript-2024-election/">interview</a> with Time over an incident involving Qassem Soleimani, the head of Iran&#8217;s elite Quds Force. &#8220;I had a bad experience with Bibi. And it had to do with Soleimani, because as you probably know by now, he dropped out just before the attack,&#8221; Trump stated.
Trump further expressed his disappointment over the incident that took place on October 7, which he believes should not have happened under Netanyahu&#8217;s watch. &#8220;No, it happened on his watch. And I think it&#8217;s had a profound impact on him, despite everything,&#8221; he said.
See Also: <a href="https://www.benzinga.com/news/24/04/38478689/amid-latest-indictments-former-trump-aide-slams-ex-president-over-treatment-of-bodies-around-him-he?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Amid Latest Indictments, Former Trump Aide Slams Ex-President Over Treatment Of &#8216;Bodies Around Him&#8217;: &#8216;He Takes Out Everybody Who Is Loyal To Him&#8217;</a>
Trump also responded positively to the possibility of working with former deputy prime minister Benny Gantz, but did not give a definitive answer. &#8220;I think Benny Gantz is good, but I&#8217;m not prepared to say that,&#8221; he said. This comes at a time when Netanyahu&#8217;s approval ratings in Israel are reportedly low, according to Trump.
Why It Matters: This isn&#8217;t the first time Trump has criticized Netanyahu. In October 2023, Trump accused Israel of an <a href="https://www.benzinga.com/news/23/10/35211523/trump-slams-israels-benjamin-netanyahu-amid-ongoing-war-with-hamas-ill-never-forget-bibi-let-us-down">alleged intelligence failure</a> during the killing of Soleimani amid the ongoing conflict with Hamas.
Furthermore, Trump has voiced concerns over Israel&#8217;s <a href="https://www.benzinga.com/24/03/37925997/trump-calls-for-end-to-israels-gaza-offensive-amidst-falling-global-support-finish-up-your-war">dwindling international backing</a> due to its continued offensive in Gaza. In an interview with Israeli newspaper Israel Hayom, he urged Israel to &#8220;finish up your war. You have to finish it up. You&#8217;ve got to get it done.&#8221;
Photo via Shutterstock
Read Next: <a href="https://www.benzinga.com/news/24/04/38508828/edward-snowden-releases-genie-out-of-the-bottle-his-ongoing-poll-shows-people-want-neither-trump-nor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Edward Snowden Releases &#8216;Genie&#8217; Out Of The Bottle, His Ongoing Poll Shows People Want &#8216;Neither Trump Nor Biden&#8217;</a>
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<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Trump Says He Had A 'Bad Experience' With Netanyahu During The Qassem Soleimani Incident: 'He Dropped Out'

In a recent <a href="https://time.com/6972022/donald-trump-transcript-2024-election/">interview</a> with Time, former President Donald Trump discussed the potential prosecution of President Joe Biden and his family, contingent on the Supreme Court&#8217;s decision on presidential immunity.
What Happened: Trump hinted at the possibility of Biden being prosecuted for &#8220;20 different acts,&#8221; accusing him of mishandling situations in Afghanistan and Ukraine, and causing disorder at the U.S. border. At the same time, he clarified that none of those potential acts had anything to do with him.
However, he also stressed the importance of presidential immunity, arguing that without it, the presidency would be reduced to a ceremonial role.
&#8220;They&#8217;re going to make a ruling on presidential immunity. If they said that a president doesn&#8217;t get immunity, then Biden, I am sure, will be prosecuted for all of his crimes, because he&#8217;s committed many crimes,&#8221; said Trump.
When asked by the interviewer if prosecuting political opponents is something that is done in &#8220;Banana Republics,&#8221; he said, &#8220;That's what's happening now.&#8221;
On the topic of his own legal issues, Trump expressed dissatisfaction with a non-criminal case he is currently involved in, criticizing the judge and alleging bias against him. He also insinuated potential bias from the Biden administration in his legal troubles.
&#8220;The DOJ worked with Leticia James on my case. The DOJ worked with deranged Jack Smith. He&#8217;s a deranged person on my case. No, no, this is all Biden,&#8221; said the ex-president.
See Also: <a href="https://www.benzinga.com/news/24/04/38521425/un-confirms-north-korean-ballistic-missile-landed-in-ukraines-kharkiv-in-january-amid-war-with-russi?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">UN Confirms North Korean Ballistic Missile Landed In Ukraine&#8217;s Kharkiv In January Amid War With Russia</a>
Why It Matters: The Supreme Court is expected to rule on presidential immunity in the coming weeks, a decision that could have far-reaching implications for both sitting and former presidents.
Trump&#8217;s comments on presidential immunity and potential prosecution of Biden come in the backdrop of his own legal battles and political aspirations. In March, he called for the prosecution of former Rep. Liz Cheney (R-Wyo.) over her alleged <a href="https://www.benzinga.com/news/24/03/37769884/trump-says-liz-cheney-should-be-prosecuted-for-what-shes-done-to-the-country-cheney-hits-back-youre">suppression of evidence</a> regarding the Jan. 6 Capitol insurrection.
In April, Trump faced a criminal trial in New York, where he <a href="https://www.benzinga.com/general/politics/24/04/38261008/donald-trump-argues-political-prosecution-before-jury-selection-in-new-york-trial-judge-not-goin">argued &#8216;political prosecution&#8217; </a>before the jury selection process began. His comments on presidential immunity could be seen in the light of these ongoing legal issues.
Furthermore, Trump is reportedly <a href="https://www.benzinga.com/general/politics/24/04/38537950/trump-vs-biden-former-president-holds-lead-in-all-7-swing-states-which-candidate-does-robert-f-k">leading in all seven swing states</a> in the potential 2024 election race against Biden. His comments on prosecuting Biden could be seen as a strategic move in this political context.
Read Next: <a href="https://www.benzinga.com/news/24/04/38482489/ukrainian-troops-retreat-as-conflict-with-russia-intensifies-in-eastern-front-zelenskyy-urges-us-for?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Ukrainian Troops Retreat As Conflict With Russia Intensifies In Eastern Front, Zelenskyy Urges US For Swift Arms Deliveries</a>
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<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Shivdeep Dhaliwal</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Trump Says If Supreme Court Decides President Doesn't Get Immunity Then Biden 'Will Be Prosecuted For All His Crimes'

RCON

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

SOPA

VINO

Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) &#8220;Fallout&#8221; TV series has been a massive hit, drawing in 65 million viewers within just 16 days of its release, ranking as the second most-watched show since <a href="https://www.benzinga.com/topic/the-lord-of-the-rings">&#8220;The Lord of the Rings: The Rings of Power&#8221; in 2022. </a>
Notably, it&#8217;s Amazon&#8217;s top-performing series among adults aged 18-34, with a majority of its viewership coming from outside the U.S. The show was renewed for a second season shortly after its debut.
See Also: <a href="https://www.benzinga.com/general/gaming/24/04/38504776/next-gen-update-for-fallout-4-owners-excludes-ps-plus-collection-bethesda-confirms">Next-Gen Update For Fallout 4 Owners Excludes PS Plus Collection, Bethesda Confirms</a>
The executive producers, Lisa Joy and Jonathan Nolan, expressed their appreciation for the show&#8217;s success, thanking the cast and partners at Amazon and Bethesda. 
&#8220;Praise be to our insanely brilliant showrunners, Geneva and Graham, to our kick-ass cast, to Todd and James and all the legends at Bethesda, and to Jen, Vernon, and the amazing team at Amazon for their incredible support of this show,&#8221; Joy and Nolan <a href="https://variety.com/2024/tv/news/fallout-renewed-season-2-amazon-1235975879/">said </a>to Variety. &#8220;We can't wait to blow up the world all over again." 
The series&#8217; popularity has also sparked renewed interest in the Fallout video game franchise, with Fallout 76 attracting a whopping 1 million players in a single day. However, the release of Fallout 4&#8217;s next-gen upgrade was marred by technical issues, prompting Bethesda to promise fixes.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/04/38416256/amazons-fallout-series-sparks-record-gameplay-bethesda-reports-nearly-5-million-daily-playe">Amazon&#8217;s Fallout Series Sparks Record Gameplay; Bethesda Reports Nearly 5 Million Daily Players</a>
Photo: <a href="https://www.shutterstock.com/es/g/Popel+Arseniy">Popel Arseniy</a> on Shutterstock.

Entertainment

Gaming

Amazon's 'Fallout' TV Series Blasts To 65M Viewers In 16 Days

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has been on a downward trajectory recently, leaving many investors wondering what the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38437196/this-famous-buy-bitcoin-sign-netted-an-intern-1m">future holds for the leading cryptocurrency.</a>
According to Markus Thielen&#8216;s <a href="https://mail.10xresearch.co/p/bitcoin-grinding-lower-10-catalysts-traders-watching?utm_source=mail.10xresearch.co&amp;utm_medium=newsletter&amp;utm_campaign=bitcoin-is-grinding-lower-10-catalysts-traders-are-watching">analysis</a>, the dynamics of Bitcoin trading have evolved significantly, necessitating a keen eye on specific events and developments.
<h1 class="wp-block-heading">Early Mining and Current Scarcity</h1>
Initially, Bitcoin offered substantial returns to early miners, with nearly 50% mined by 2012 and about 80% by 2017 when the prices were relatively low. 
Now, with 93.8% of Bitcoin mined, new market entrants are finding higher entry barriers and diminishing cycle returns. 
&#8220;Time in the market beats timing the market, but as Bitcoin matures, understanding and reacting to catalysts is vital for investment strategies,&#8221; Thielen notes.
<h1 class="wp-block-heading">Diminishing Returns and the Importance of Market Timing</h1>
From staggering 560x returns in 2013 to a modest 4-5x in the ongoing 2024 bull market, Bitcoin&#8217;s lucrative days of easy gains seem to be tapering off. 
The frequency of days yielding over 10% returns has also declined sharply, emphasizing the need for strategic market timing over a long-only investment approach.
<h1 class="wp-block-heading">Macro Factors and Regulatory Watch</h1>
Thielen highlights the influence of macroeconomic factors on Bitcoin. 
Notably, a halt in Bitcoin ETF inflows coincided with rising U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) figures, underscoring the crypto&#8217;s sensitivity to inflation indicators. 
Additionally, regulatory developments remain a critical watchpoint. 
Despite a surge in Ethereum prices following a potential ETF listing, the approval odds remain slim. 
&#8220;Traders should mark May 23 and 24 on their calendars when the SEC decides on key ETF applications,&#8221; Thielen advises.
<h1 class="wp-block-heading">Federal Reserve Decisions and Economic Data</h1>
The upcoming Federal Reserve meeting on May 1 and subsequent economic releases including employment data and PPI figures are seen as potential catalysts. 
These events could indicate economic trends such as stagflation that significantly impact Bitcoin&#8217;s valuation.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38464921/michael-saylor-summarizes-why-microstrategy-is-superior-to-bitcoin-etfs">Michael Saylor Summarizes Why MicroStrategy Is Superior To Bitcoin ETFs</a>
<h1 class="wp-block-heading">Options Expiry and MicroStrategy's Influence</h1>
The recent options expiry on April 26 saw $9.4 billion in contracts mature, historically aiding in price stabilization. 
However, Thielen cautions about increased volatility until the next significant expiries due at the end of May and June.
MicroStrategy Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) strategic financial maneuvers, particularly under Michael Saylor's direction, have previously influenced Bitcoin's price. 
The <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38520610/whats-going-on-with-microstrategy-stock-tuesday">first-quarter earnings announcement on April 29</a> and anticipation of the potential early adoption of new FASB accounting guidelines could lead to significant price movements.
<h1 class="wp-block-heading">Index Inclusion and Market Saturation</h1>
Looking ahead, MicroStrategy&#8217;s potential inclusion in the S&amp;P 500 on June 1, dependent on its market cap and share availability, is another area drawing attention. 
&#8220;However, with the stock still overvalued, further capital raises might be on the horizon, though market saturation with MicroStrategy shares remains a concern,&#8221; Thielen adds.
As the landscape for digital assets continues to evolve, these catalysts provide critical waypoints for traders and investors. 
Such discussions will be further explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will converge to discuss the pathways and challenges in the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38460707/stripe-makes-a-crypto-comeback-accepts-stablecoins-for-online-payments">burgeoning crypto economy.</a>
Read Next: <a href="EXCLUSIVE: Why The EigenLayer Airdrop Both Excites And Disappoints - Benzinga">EXCLUSIVE: Why The EigenLayer Airdrop Both Excites And Disappoints</a>
Photo: Shutterstock

Sector ETFs

MSTR

Bitcoin Grinds Lower: Catalysts Traders Will Watch For Their Next Moves

Ashford Hospitality Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHT#NYSE">AHT</a>) (&quot;Ashford Trust&quot; or the &quot;Company&quot;) today announced its preliminary expectations for net income attributable to common stockholders, Adjusted EBITDAre, and Adjusted FFO for the first quarter ended March 31, 2024.
The Company reported today a preliminary estimated range of net income attributable to common stockholders of approximately $66.4 million to $68.4 million or $0.59 to $0.61 per share, a preliminary estimated range of Adjusted EBITDAre of $58.5 million to $60.5 million, and a preliminary estimated range of Adjusted FFO available to common stockholders and OP unitholders of $(14.7) million to $(12.7) million for the first quarter ended March 31, 2024. Final results for the first quarter ended March 31, 2024 will be released on May 7, 2024, as previously announced.
We use certain non-GAAP measures, in addition to the required GAAP presentations, as we believe these measures improve the understanding of our operational results and make comparisons of operating results among peer real estate investment trusts more meaningful. Non-GAAP financial measures used in this press release, which should not be relied upon as a substitute for GAAP measures, are FFO, AFFO, EBITDA, EBITDAre and Adjusted EBITDAre. Please refer to our most recently filed Annual Report on Form 10-K for a more detailed description of how these non-GAAP measures are calculated. The reconciliations of non-GAAP measures to the closest GAAP measures are provided below and provide further details of our results for the periods being reported.
The following tables are reconciliations of the Company&#39;s preliminary estimated GAAP net income (loss) to the Company&#39;s preliminary estimated EBITDA, EBITDAre, Adjusted EBITDAre, FFO and Adjusted FFO:

Guidance

Ashford Hospitality Trust Reports Preliminary Estimated Range Of Net Income ~$66.4M-$68.4M Or $0.59-$0.61 Per Share; EBITDAre Of $58.5M-$60.5M; Adj FFO $(14.7M)-$(12.7M) For Q1 Ended March 31, 2024. Final Results For Q1 Will Be Released On May 7, 2024

In a historic trading session on Tuesday, cannabis stocks soared following the <a href="https://www.benzinga.com/markets/cannabis/24/04/38530190/breaking-dea-reportedly-moves-to-reschedule-cannabis-stocks-rise-sharply-on-the-news">DEA&#39;s reported decision to reclassify marijuana</a> from Schedule I to Schedule III under the Controlled Substances Act.
This regulatory shift, which would align with a recommendation from the Department of Health and Human Services<a href="https://www.benzinga.com/markets/cannabis/24/04/38531355/cannabis-stocks-and-etfs-surge-as-dea-moves-to-reschedule-marijuana">&nbsp;sparked investor interest</a>
evidenced by gains in major cannabis stocks on the NASDAQ.
Canopy Growth Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgc#NASDAQ">CGC</a>) led the gains, skyrocketing by 78.8% to close at $14.88 per share amid a trading frenzy that pushed the volume to 79.25 million shares.
Aurora Cannabis (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) wasn&#39;t far behind, climbing 46% to close at $9.23 per share with a volume of 37.921 million shares. Tilray Brands Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tlry#NASDAQ">TLRY</a>) also enjoyed an upswing, rising 39.5% to end the day at $2.47 per share with a volume of 147.306 million shares.
WM Technology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/maps#NASDAQ">MAPS</a>) saw a moderate increase of 1.44%, closing at $1.06 per share, with trading volume reaching 4.428 million shares.
The sudden uptick in these stocks highlights the market&#39;s optimistic reaction to the DEA&#39;s policy change, but when placed in the context of the year&#39;s performance, the perspective shifts slightly.
<h3>A Rocky Road</h3>
Aurora Cannabis, for example, experienced a robust recovery from its earlier slump in January, climbing 43.96% from its low in April before the most recent jump of 46%. Similarly, Canopy Growth Corporation managed a striking rally of 162.31% in March, despite a slight dip in April, culminating in an extraordinary single-day surge of 78.8%.
These fluctuations underscore a pattern of high volatility, suggesting that while the upsurges are significant, they are part of broader, unstable trading patterns that have characterized these stocks throughout the year.
Conversely, stocks like Tilray and WM Technology, Inc. have also shown significant swings, with Tilray rising 42.77% in March only to fall again in April&nbsp;and MAPS experiencing a decline of 21.43% after a strong gain.
These movements indicate that while the DEA&#39;s recent policy change has indeed injected a dose of optimism into the market, the broader year&#39;s perspective reveals fluctuating valuations.&nbsp;
Pro tip: Learn all about the future of the cannabis industry at the Benzinga Cannabis Capital Conference this October in Chicago. Hear directly from key industry players and policymakers. Get your tickets now by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noopener noreferrer" target="_blank">this link</a>, and access a 20% discount using the code JAVI20.
<h3>Stock Performance In The Last Quarter</h3>
In the third quarter, Aurora <a href="https://www.benzinga.com/markets/cannabis/24/02/37011868/aurora-touts-41-yoy-increase-in-international-medical-cannabis-q3-revenue-expands-in-australia-v">reported</a> a modest rise in net revenue to CA$64.4 million ($68.7 million), up from CA$61.1 million in the same quarter last year, and growth in its medical marijuana segment, which saw a 16% increase to CA$45.1 million.
Tilray Brands showed a <a href="https://www.benzinga.com/markets/cannabis/24/04/38160302/cannabis-giant-tilray-reports-30-yoy-increase-in-q3-net-revenue-updates-fy-2024-guidance">stronger performance</a>&nbsp;with third-quarter net revenue jumping 30% year-over-year to $188.3 million with its adjusted gross profit improving by 17% to $51.6 million.
Conversely, Canopy Growth presented a <a href="https://www.benzinga.com/markets/cannabis/24/02/37034521/canopy-growth-reports-7-yoy-drop-in-q3-revenue-ceo-touts-new-era-for-company-as-it-seeks-us-list">mixed financial picture</a>, noting an 81% increase in its &ldquo;rest-of-world&rdquo; cannabis revenue, which reached CA$10.5 million. Yet&nbsp;its core Canadian cannabis segment experienced a decline, with net revenue falling from CA$46.6 million in the prior year&#39;s quarter&nbsp;to CA$39 million.&nbsp;
<h3>What Happens Next?</h3>
As the DEA proposes reclassifying cannabis from Schedule I to Schedule III, the Marijuana Policy Project <a href="https://www.benzinga.com/markets/cannabis/24/04/38531267/marijuana-policy-project-reacts-with-scepticism-to-deas-proposal-to-reschedule-cannabis">noted </a>the limited impact this change has on the criminalization of cannabis users under state laws and advocates for more robust state-level initiatives for comprehensive cannabis legalization and fair medical laws.
The U.S. Cannabis Council, through its executive director Edward Conklin, <a href="https://www.benzinga.com/markets/cannabis/24/04/38531182/us-cannabis-council-call-dea-historic-decision-to-reclassify-cannabis-a-tectonic-shift">described</a> the DEA&#39;s decision as a &quot;tectonic shift&quot; in drug policy, emphasizing the economic and social benefits expected from moving cannabis to Schedule III, including potentially ending the restrictive 280e&nbsp;tax penalty.
In a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38226873/analyst-reacts-to-fda-commish-comments-medical-and-recreational-cannabis-could-have">recent report</a>, senior analyst Pablo Zuanic suggested the rescheduling&nbsp;of cannabis could focus primarily on medical cannabis, which could allow for more controlled and supported medical use under federal guidelines.
This would enable better research, development&nbsp;and medical application of cannabis, enhancing its legitimacy and accessibility as a therapeutic substance.
<h3>Who Wins With Rescheduling?</h3>
The rescheduling of cannabis carries implications for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33482140/rescheduling-cannabis-what-are-the-implications-for-msos-tax-rule-280e-fda-and-phar">various stakeholders within the industry</a>, including multistate operators, pharmaceutical companies&nbsp;and federal regulatory bodies like the FDA.
Removing <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/33482521/curaleaf-and-trulieve-lead-the-pack-in-tax-payments-a-look-at-16-cannabis-msos-liab">Tax Rule 280E </a>could increase profitability for U.S. cannabis businesses by lowering their effective tax rates, which have been notably high. This advantage is balanced by the introduction of potential FDA oversight and the entry of pharmaceutical companies into the market.
This transition could render cannabis federally legal under certain schedules, increasing regulatory requirements and altering the competitive landscape by enabling pharmaceutical entities to potentially dominate, especially in the medical cannabis segment.
The reduction of the 280E tax burden would provide financial relief but also bring the risk of enhanced regulation and operational challenges. Zuanic also points out that MSOs might see <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/08/34153665/cannabis-tax-changes-could-trigger-504-cash-flow-leap-which-industry-players-will-b">improvements in cash flow management</a> and tax reductions.&nbsp;
Photo: AI-Generated Image.&nbsp;

Analyst Color

Cannabis

Government

Regulations

Analyst Ratings

MAPS

TLRY

Cannabis Stocks React To DEA Rescheduling: Canopy & Aurora Surge, Tilray, WM Tech Hold Steady

The battle between Donald Trump and Joe Biden for the White House is nearing the six-month mark for voters to decide which candidate will win the<a href="https://www.benzinga.com/topic/2024-election"> 2024 election on Nov. 5, 2024.</a>
A new poll shows how voters in key swing states would vote today.
What Happened: Many<a href="https://www.benzinga.com/topic/election-poll"> election polls </a>point to a close race between Biden and Trump in the 2024 election, an event that could be a rematch of the 2020 presidential election won by Biden.
A new Emerson College poll shows how voters in key swing states would vote in a head-to-head matchup of Trump and Biden and also how they would vote when the two candidates face off against key third-party candidate Robert F. Kennedy Jr.
Here are the results for the head-to-head <a href="https://emersoncollegepolling.com/trump-holds-edge-over-biden-in-seven-key-swing-state-polls/">poll</a>:
Arizona: 44% Biden, 48% Trump, 8% Undecided
Georgia: 44% Biden, 47% Trump, 9% Undecided
Michigan: 44% Biden, 45% Trump, 11% Undecided
Nevada: 44% Biden, 45% Trump, 11% Undecided
North Carolina: 42% Biden, 47% Trump, 10% Undecided
Pennsylvania: 45% Biden, 47% Trump, 8% Undecided
Wisconsin: 45% Biden, 47% Trump, 8% Undecided
The poll shows Trump winning all seven states in the head-to-head matchup against Biden. Trump's lead is only one point in several states.
"The share of undecided voters has reduced and Biden gained ground in Georgia and Nevada, narrowing the gap, while Trump has maintained a slight edge on Biden in Pennsylvania and Wisconsin," Emerson College Polling executive director Spencer Kimball said.
Here are the results of the poll when Robert F. Kennedy and other candidates are considered. The remaining percentage for each state went to other or undecided.
Arizona: 40% Biden, 44% Trump, 9% Kennedy Jr.
Georgia: 39% Biden, 45% Trump, 5% Kennedy Jr.
Michigan: 42% Biden, 43% Trump, 5% Kennedy Jr.
Nevada: 37% Biden, 42% Trump, 8% Kennedy Jr.
North Carolina: 37% Biden, 46% Trump, 6% Kennedy Jr.
Pennsylvania: 41% Biden, 45% Trump, 6% Kennedy Jr.
Wisconsin: 40% Biden, 45% Trump, 6% Kennedy Jr.
When third-party candidates are included for voters, Biden loses more support than Trump in five states. Two states (Arizona, Michigan) see both Biden and Trump lose the same amount of support.
Related Link: <a href="https://www.benzinga.com/general/politics/24/04/38348604/biden-vs-trump-new-poll-shows-tie-in-2024-election-race-one-candidate-gains-among-independent-vo">Biden Vs. Trump: New Poll Shows Tie In 2024 Election Race, One Candidate Gains Among Independent Voters</a>
Why It's Important: The poll results show Trump with a lead in all states in head-to-head and with other candidates to choose from.
The poll also found that Independent voters favored Trump over Biden in five of the swing states with Biden winning in Georgia and Wisconsin. Biden also led Trump in the states of Michigan, Pennsylvania and Wisconsin among voters who are members of labor unions.
The other bad news for Biden was the poll asking voters about the <a href="https://www.benzinga.com/general/politics/24/04/38326553/trump-hush-money-trial-has-12-jurors-here-are-the-7-men-5-women-to-decide-former-presidents-fate">criminal case against Trump</a> alleging hush money payments. The poll found that voters in six of the seven states said they were more likely to support Trump if he's found guilty in the case versus the number of voters who said they were less likely to support Trump.
The <a href="https://www.benzinga.com/general/politics/24/03/37884006/trump-vs-biden-key-swing-states-arizona-nevada-michigan-wisconsin-show-close-races-heres-the-rol" target="_blank" rel="noreferrer noopener">seven swing states </a>together represent 93 electoral votes in the 2024 election. Six of the seven swing states were won by Biden in the 2020 election, with Trump winning North Carolina. Five of the seven swing states won by Biden in 2020 flipped from Trump&#8217;s win in 2016, including Arizona, Michigan and Wisconsin.
While the 2024 election is months away, recent polls of voters in swing states have not shown favorable results for Biden, which could be worrisome for his campaign.
Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38523639/judge-threatens-trump-with-incarceration-fines-him-for-violating-gag-order-jail-may-be-a-necessa">Judge Threatens Trump With Incarceration, Fines Him For Violating Gag Order: &#8216;Jail May Be A Necessary Punishment&#8217;</a>
Photos: Shutterstock

Trump Vs. Biden: Former President Holds Lead In All 7 Swing States, Which Candidate Does Robert F. Kennedy Jr. Hurt More?

Huron Consulting Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HURN#NASDAQ">HURN</a>) reported quarterly earnings of $1.23 per share which beat the analyst consensus estimate of $0.89 by 38.2 percent. This is a 41.38 percent increase over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $355.961 million which beat the analyst consensus estimate of $351.014 million by 1.41 percent. This is a 11.97 percent increase over sales of $317.895 million the same period last year.

Earnings Beats

HURN

Huron Consulting Gr Q1 2024 Adj EPS $1.23 Beats $0.89 Estimate, Sales $355.961M Beat $351.014M Estimate

Overall market sentiment has been neutral on BioNano Genomics Inc (BNGO)  stock lately. BNGO receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator. BioNano Genomics Inc has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on BNGO!See Full BNGO ReportWhat is

Do Traders Think BioNano Genomics Inc (BNGO) Can Turn Around Thursday?

BioNano Genomics Inc (BNGO) is up 2.86% today. BNGO has an Overall Score of 36. Find out what this means to you and get the rest of the rankings on BNGO!See Full BNGO ReportBNGO stock closed at $1.05 and is up $0.03 during pre-market trading. Pre-market tends to be more volatile due to significantly lower volume as most in

BioNano Genomics Inc (BNGO) is higher by 2.86% Thursday In Premarket Trading

BioNano Genomics Inc (BNGO) stock is down -90.55% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy. InvestorsObserver's proprietary ranking system, gives BNGO stock a score of  33 out of a possible 100. That rank is chiefly influenced by a short-term technical score of 3. BNGO's ran

Should You Sell BioNano Genomics Inc (BNGO) Stock Friday?

BioNano Genomics Inc (BNGO) is down -0.96%% today. BNGO has an Overall Score of 33. Find out what this means to you and get the rest of the rankings on BNGO!See Full BNGO ReportBNGO stock closed at $1.04 and is down -$0.01 during pre-market trading. Pre-market tends to be more volatile due to significantly lower volume as

BioNano Genomics Inc (BNGO) is lower by 0.96% Monday In Premarket Trading

The market has been down on BioNano Genomics Inc (BNGO)  stock recently. BNGO gets a Bearish score from InvestorsObserver Stock Sentiment Indicator. BioNano Genomics Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on BNGO!See Full BNGO ReportWhat is Stock Sentiment?Sen

Where Will BioNano Genomics Inc (BNGO) Stock Go Next After It Is Up 0.96% in a Week?

Bionano announces $10M registered direct offering

The latest announcement is out from BioNano Genomics Inc (BNGO). Bionano Genomics, Inc. has initiated a registered direct offering, securing an agr...

BioNano Genomics Launches Offering to Bolster Finances

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Many investors abandon highly promising shares with little chance of failing. The phenomenon has been exacerbated by overdone fears about elevated interest rates. Short sellers often believe that elevated rates will crush indebted, money-losing firms, regardless of their potential. These short sellers put huge downward pressure on small companies that are still in the red and have some debt. As their stock prices sink, many other investors also avoid buying their shares. As a result, the stocks keep continuously falling, especially if the Russell 2000 drops, further emboldening the short sellers and inhibiting potential buyers. Sometimes these names do wind up plunging by more than 99%, never coming back to their previous highs. But some such firms do make huge comebacks. One <a href="https://www.nasdaq.com/articles/carvanas-comeback:-shifting-gears-from-turbulence-to-triumph">such case is</a> online auto dealer Carvana (NYSE:<a href="https://investorplace.com/stock-quotes/cvna-stock-quote/">CVNA</a>) <a href="https://www.marketwatch.com/investing/stock/cvna?mod=search_symbol">which has soared </a>an incredible 917% over the past 12 months. Here are three other contrarian investments that look poised to follow in Carvana&rsquo;s footsteps. 



<h2>Bionano (BNGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/shutterstock_2039115389-1-300x169.png" alt="Bionano Genomics (BNGO) company logo on a website with blurry stock market developments in the background"><div>Source: Dennis Diatel / Shutterstock.com</div></div>Bionano (NASDAQ:<a href="https://investorplace.com/stock-quotes/bngo-stock-quote/">BNGO</a>) created a method of DNA analysis called optical genome mapping (OGM). Last November, CEO Erik Holmlin <a href="https://seekingalpha.com/article/4652142-bionano-genomics-inc-bngo-presents-stifel-healthcare-conference-transcript">explained that </a>OGM is roughly 20% more accurate than standard DNA analysis tools, known as&nbsp;karyotyping. It enables 20% of leukemia patients, for example, to get more suitable treatments. OGM is also reportedly easier to use than karyotyping.



Some have suggested that an alternate technique, called sequencing, will replace karyotyping. However, sequencing analyzes a maximum of 10,000 base pairs of DNA, while OGM can analyze as many as 100,000 base pairs. OGM is also 20% more accurate than sequencing as a result.



Many very prestigious hospitals, including Houston&rsquo;s MD Anderson and Children&rsquo;s Hospital Los Angeles, <a href="https://seekingalpha.com/article/4676180-bionano-genomics-inc-bngo-q4-2023-earnings-call-transcript">utilize OGM</a>. What&rsquo;s more, pharma companies are utilizing OGM to evaluate cells used in gene therapies. In November, Holmlin noted that usage by pharma firms had jumped 100% year-over-year. 



Within the next two months, BNGO stock may benefit from a huge, game-changing catalyst. The American Medical Association (AMA) is slated to consider whether to approve OGM for use in cytogenomic chromosomal abnormalities in its meeting next month. Since Medicare determines its reimbursement policies for lab tests based on AMA&rsquo;s approvals, the use of BNGO&rsquo;s products is likely to soar if the AMA votes in favor of OGM.



 Holmlin said that news about the AMA&rsquo;s decision could surface near Q2&rsquo;s end. 



<h2>SolarEdge (SEDG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/solaredge-sedg-1600-300x169.jpg" alt="the solar edge logo on an iPhone. SEDG stock"><div>Source: rafapress / Shutterstock.com</div></div>A combination of high interest rates in the U.S., elevated inventories of SolarEdge&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/sedg-stock-quote/">SEDG</a>) solar inverters in Europe, and regulatory changes in California <a href="https://seekingalpha.com/article/4681371-solaredge-under-shipping-demand">have caused</a> SolarEdge&rsquo;s financial results to plummet in the last few quarters. 



But U.S. interest rates are still expected to drop over the long term, while European inventories will eventually be depleted, and SEDG <a href="https://seekingalpha.com/article/4671773-solaredge-technologies-inc-sedg-q4-2023-earnings-call-transcript">expects &ldquo;gradual&rdquo; </a>improvement in the California market.



 SEDG has said that it expects its EPS to bounce back to $3 in a more &ldquo;normalized&rdquo; environment. Analysts are even more upbeat, as their<a href="https://finance.yahoo.com/quote/SEDG/analysis"> average estimate calls</a> for the company&rsquo;s 2025 earnings per share to come in at $4.21. That means that the shares are currently changing hands at a very low forward price-earnings ratio of 13.3 times. 



What&rsquo;s more, many analysts expect the solar sector to get a boost from increased electricity consumption in the U.S.



SEDG&rsquo;s low valuation and high growth potential make it one of the best contrarian stocks available. 



<h2>Xpeng (XPEV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/xpev1600-300x169.png" alt="Xpeng (XPEV) car logo in Shanghai International Automobile Industry Exhibition. EV stocks to Buy"><div>Source: THINK A / Shutterstock.com</div></div>Last month, Chinese electric-vehicle maker Xpeng&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/xpev-stock-quote/">XPEV</a>)<a href="https://seekingalpha.com/pr/19671714-xpeng-announces-vehicle-delivery-results-for-march-and-first-quarter-2024"> deliveries jumped 29%</a> YOY to 9,026 EVs. 



 The automaker says that its new X9 EV is now the leading MPV (multi-purpose vehicle) in China, as XPEV delivered nearly 4,000 X9 EVs in March.



Meanwhile, the penetration of XPEV&rsquo;s leading ADAS offering, XNGP, continues to increase as 82% of its customers utilized it in urban driving scenarios last month. And its &ldquo;unlimited XNGP&rdquo; offering was provided to more of its customers in March. 



Also noteworthy is that it expanded recently to Thailand,&nbsp;Singapore,&nbsp;Malaysia and Germany. 



Finally,<a href="https://investorplace.com/2024/04/contrarians-delight-3-stocks-to-scoop-up-amid-the-ev-demand-slump/">earlier this year Xpeng expanded </a>its partnership with Volkswagen (OTCMKTS:<a href="https://investorplace.com/stock-quotes/vlkaf-stock-quote/">VLKAF</a>), boding well for its long-term outlook. 



On the date of publication, Larry Ramer held long positions in XPEV and BNGO. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Larry Ramer has conducted research and written articles on U.S. stocks for 15 years. He has been employed by The Fly and Israel&rsquo;s largest business newspaper, Globes. Larry began writing columns for InvestorPlace in 2015. Among his highly successful, contrarian picks have been SMCI, INTC, and MGM. You can reach him on Stocktwits at @larryramer.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-contrarian-investments-to-make-now-for-massive-upside-potential/">3 Contrarian Investments to Make Now for Massive Upside Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Contrarian Investments to Make Now for Massive Upside Potential

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Press Releases

Bionano Reports Fourth Quarter and Full-Year 2023 Results and Provides Revenue Outlook for 2024

Bionano Announces Extensive Lineup of Content at American College of Medical Genetics and Genomics (ACMG) Annual Meeting Including Live Product Showcase Featuring the Company's New Stratys™ System

Bionano Announces Publication of a Breast Cancer Study Showing that the Number of SVs Detected with OGM May Be Related to Prognosis, Tumor Progression and Chemotherapy Resistance

Bionano Announces 9 Poster Presentations and Introduces New High Throughput Stratys™ System at the American Association for Cancer Research Annual Meeting

Bionano Announces Publication Showing that OGM Identifies Genetic Aberrations in Sarcoma Samples that May Lead to Improved Diagnosis but were Missed by Classical Cytogenetics

Bionano Announces $10 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

Bionano Announces Publication Showing that OGM Detects Over 1250 Structural Variants, including 56 Gene Fusions, in Pediatric Leukemia that were Missed by Whole Genome Sequencing

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Bionano Genomics Stock (NASDAQ:BNGO), Short Interest Report

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