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

GrafTech International Stock (NYSE:EAF), Short Interest Report

GrafTech International

GrafTech International Ltd is a manufacturer of high-quality graphite electrode products essential to the production of EAF steel and other ferrous and non-ferrous metals. The company has only reportable segment, Industrial Materials, is comprised of its two major product categories: graphite electrodes and petroleum needle coke products. Petroleum needle coke is key raw material used in the production of graphite electrodes.

Stock Market

Long Ideas

News

Penny Stocks

Insider Trades

Pre-Market Outlook

Markets

EXFY

GrafTech International And 2 Other Stocks Under $2 Insiders Are Buying

Tesla logo

Intraday Update

Movers

Trading Ideas

ALTM

CGEM

DAVE

DCPH

EXAI

FULT

HTLF

IBRX

MESO

MPLN

PACB

PAHC

PARA

PRME

ROKU

SLNO

TELL

TNDM

TSLA

Tesla, Deciphera Pharmaceuticals, Heartland Financial And Other Big Stocks Moving Higher On Monday

Image30

Mobile Infrastructure Corporation Common Stock

BEEP

VUZI

Over $4M Bet On This Industrial Stock? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying

GrafTech International Ltd

Simplify Exchange Traded Funds Developed Ex-US PLUS Downside Convexity ETF

Pacer Funds Trust Pacer Developed Markets Cash Cows Growth Leaders ETF

WIIM

KAVL

Kaival Brands Innovations Group shares are trading lower the Nasdaq said the company did not hold its annual meeting to regain compliance.

UBS analyst Joseph Spak maintains American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) with a Neutral and raises the price target from $7 to $8.

Price Target

Analyst Ratings

UBS Maintains Neutral on American Axle & Mfg Hldgs, Raises Price Target to $8

As we journey into the financial landscape of 2024, it&#39;s essential to recognize that we are at the precipice of a new era. The convergence of technological advancements, evolving regulatory frameworks, and shifting investor preferences is reshaping the financial markets at an unprecedented pace. Let&#39;s delve deeper into these three trends and consider insights into their implications for the global financial outlook in 2024.
<h3>Digital Transformation</h3>
The financial industry is undergoing a profound digital transformation driven by artificial intelligence (AI), blockchain technology, and data analytics advancements. According to <a href="https://www2.deloitte.com/us/en/pages/finance-transformation/articles/finance-digital-transformation-for-cfos.html">studies</a>, this transition will also take place in 2025, and many transactions will finally be seamless and automatized.&nbsp;
Digital transformation is expected to continue accelerating, with digital-native firms leading the way in innovation and customer experience, allowing them to provide bespoke solutions in a very effective and time-efficient way. Moreover, it seems to make a social change since digitalization and the proliferation of fintech solutions are expanding access to financial services, particularly in underserved regions. This trend has the potential to reduce inequality around the globe.
The adoption of AI and big data analytics is also revolutionizing risk management practices, enabling financial institutions to identify and mitigate risks more effectively. By harnessing real-time data and predictive analytics, firms can enhance their resilience to market volatility and regulatory changes.
The rise of decentralized finance (DeFi) platforms is also one of the factors at play, revolutionizing traditional banking and lending practices. It offers greater accessibility and transparency to users worldwide. Additionally, the adoption of blockchain technology is crucial, as it streamlines processes such as cross-border payments and trade finance, enhancing efficiency and reducing costs.
<h3>Sustainable Investing</h3>
Environmental, Social, and Governance (ESG) considerations are increasingly influencing investment decisions, with sustainable investing becoming mainstream in 2024. Investors are placing greater emphasis on companies&#39; ESG performance and their contributions to addressing global challenges such as climate change, social inequality, and corporate governance.&nbsp;
As sustainable investing gains followers, companies that prioritize ESG principles are likely to outperform their peers in the long run. Different studies show that firms actively adjusting to the ESG principles achieve greater success, exceeding their rivals in every important performance metric. From this perspective, modern investors also understand that allocating resources towards a sustainable future is not only a moral imperative but also a prudent financial approach.
Moreover, regulatory initiatives aimed at promoting sustainability, such as the European Union&#39;s Sustainable Finance Disclosure Regulation (SFDR), are driving greater transparency and accountability in the financial industry.
<h3>Regulatory Evolution</h3>
Regulatory frameworks are evolving in response to the changing dynamics of the financial markets. Authorities are increasingly focused on fostering innovation while ensuring market integrity, consumer protection, and systemic stability. The emergence of regulatory sandboxes and collaboration between regulators and industry stakeholders are facilitating experimentation with new technologies and business models.
The European Union (EU) is <a href="https://www2.deloitte.com/uk/en/pages/financial-services/articles/regulatory-outlook-global-landscape.html">exploring</a> the regulation of cryptocurrencies and digital assets to provide clarity and investor protection. In the EU, &quot;The Markets in Crypto Assets Regulation&quot; (MiCA) entered into force in June 2023. Similarly, international regulatory bodies such as the Financial Stability Board (FSB) are working to address emerging risks associated with digitalization and fintech innovation.
Thus, the evolving regulatory landscape is driving greater collaboration and harmonization among international regulators. As regulatory frameworks converge, cross-border compliance costs are expected to decline, facilitating global capital flows and fostering market efficiency.
Summing up, the future of the financial markets in 2024 is characterized by unprecedented opportunities and challenges. Leveraging digital transformation, prioritizing sustainability, and navigating evolving regulatory dynamics will be essential for firms to survive in this new era. By staying agile, innovative, and customer-centric, we can leverage the full potential of these trends to create a more inclusive, resilient, and sustainable financial system for the benefit of the clients.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Opinion

Tech

General

At The Edge Of Tomorrow: Exploring The Triad Of Technology, Regulation, And Sustainability In 2024's Financial Sector

Citigroup analyst Itay Michaeli maintains American Axle &amp; Mfg Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) with a Neutral and raises the price target from $7.5 to $8.

Citigroup Maintains Neutral on American Axle & Mfg Hldgs, Raises Price Target to $8

As a football star and later a cannabis reform advocate, former NFL running back Ricky Williams is no stranger to the spotlight. Drafted fifth overall in 1999 by the New Orleans Saints, Williams&#8217; career was punctuated by remarkable talent on the field. During his professional period, his use of cannabis set him up for controversy. But Williams publicly embraces his consumption and vision of the plant. 
Williams and Jim McMahon, former quarterback for the Chicago Bears, recently <a href="https://www.benzinga.com/markets/cannabis/24/01/36879941/nfl-legend-jim-mcmahon-to-focus-on-cannabis-advocacy-during-super-bowl-week-event">took their advocacy efforts </a>to Capitol Hill. They lobbied for more relaxed cannabis regulations amid advances by the Biden administration to reclassify marijuana as a lower-risk substance.
<h2 class="wp-block-heading">Cannabis Is &#8216;Better Than Football&#8217;</h2>
Reflecting on his experiences on CNN, Williams <a href="https://edition.cnn.com/2024/05/05/us/video/ricky-williams-jim-mcmahon-capitol-hill-cannabis-regulations-manu-digvid">said,</a> &#8220;I realized that cannabis for me is better than football,&#8221; citing improvements in his quality of life. He discussed how prohibition adversely affected his career, saying, &#8220;It put a damper in my career.&#8221; Known for his push for major sports leagues in the U.S. and Canada to allow marijuana use for post-game treatment, Williams now explores a range of products from gummies to <a href="https://www.benzinga.com/markets/cannabis/24/03/37849109/nfl-legend-ricky-williams-launches-psilocybin-sessions-to-be-led-by-himself">psilocybin </a>therapies through his brand, Highsman. His focus remains on providing <a href="https://www.benzinga.com/markets/cannabis/23/09/34242523/football-legend-ricky-williams-calls-on-nfl-to-embrace-marijuana-for-player-recovery">alternative treatments for sports-related injuries</a>, pain, PTSD, depression, anxiety, trauma and addiction.
Ricky Williams attended the Benzinga Cannabis Capital conference in Chicago in September 2022. If you&#8217;d like to participate in a vibrant event, featuring the main figures and advocates of the industry, then join us at the upcoming Benzinga Cannabis Capital Conference in Chicago on Oct. 8-9. <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator">Get your tickets now</a> before prices go up by following <a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator">this link</a>.
<h2 class="wp-block-heading">The Case Against Painkillers</h2>
McMahon, legendary quarterback for the Chicago Bears, shared his personal experiences with the plant during his NFL career. Unlike Williams, McMahon managed to avoid sanctions, but like him, has been outspoken about the advantages of cannabis over opioids.
&#8220;Living on those pain pills like I was, I couldn't sleep, I couldn't go to the bathroom. It just screws up so many things in your body, all it does is mask pain,&#8221; he said.
 McMahon attributes his swift recovery from multiple surgeries to cannabis. &#8220;While as for cannabis, it heals your body from within. Without it, I wouldn&#8217;t have been able to come back from all those surgeries I got back from so quickly.&#8221;
As <a href="https://www.benzinga.com/markets/cannabis/23/09/34905227/chicago-bears-icon-jim-mcmahon-will-take-photos-with-fans-unveiling-his-new-cannabis-line">co-founders of Cannabis Brand Revenant </a>Williams and McMahon are <a href="https://www.benzinga.com/markets/cannabis/23/11/35596260/from-nfl-ricky-williams-highsman-to-high-potency-hemp-gummies-unveiling-latest-trends-in-cannabi">using their platforms </a>to transform the stigma associated with cannabis into recognition of its therapeutic potential, aiming to influence policies that reflect contemporary understanding of cannabis&#8217;s benefits.
Courtesy photo

Cannabis

Sports

'Better Than Football' Says Ricky Williams As He And Jim McMahon Advocate For Cannabis Reform On CNN

Citigroup analyst Atif Malik maintains Advanced Energy Indus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEIS#NASDAQ">AEIS</a>) with a Buy and raises the price target from $107 to $113.

AEIS

Citigroup Maintains Buy on Advanced Energy Indus, Raises Price Target to $113

Reddit Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) will be reporting its first-quarter earnings on Tuesday. Wall Street expects -$8.71 in EPS and $212.83 million in revenues as the company reports <a href="https://www.benzinga.com/calendars/earnings?tickers=RDDT">after market hours</a>.
The company is known for being a social news aggregation, web content rating, and discussion website. It&#8217;s often referred to as &#8220;the front page of the internet&#8221; because of its wide-ranging and diverse user-generated content. On March 21, Reddit&#8217;s stock started trading on the NYSE.
This is the first time the company is reporting earnings after going public.
<ul>
<li>Bank of America analyst Justin Post has reiterated Neutral with the price target raised from $46 to $50 a share.</li>
<li>JMP analyst Andrew Boone has a Market Outperform rating on Reddit stock with a price target of $53 a share.</li>
</ul>
Here's what the analysts are anticipating from the Q1 earnings release, what they will be focusing on, and how the stock currently maps against Wall Street estimates.
Also Read: <a href="https://www.benzinga.com//node/38257339">Google and Potential AWS Deals Showcase Reddit&#8217;s Critical Role in AI and Brand Strategy: Analysts</a>
<h3 class="wp-block-heading">BofA Securities on Reddit</h3>
Post believes that strong growth in advertising across peer platforms, including Google search, and benefits from Leap year/Easter timing, could lead to upside. 
The estimated daily active users (DAUs) stand at 77 million, up 28% year-over-year, with potential for upside based on Sensor Tower data. 
Looking ahead, BofA raises revenue and EBITDA estimates for 2024 and 2025, citing higher user growth and monetization. 
Despite the positive outlook, BofA maintains a Neutral rating for Reddit due to its current valuation. The price target is based on a 6.5x EV/Revenue multiple for 2025.
&#8220;Our 6.5x multiple represents a slight premium to our comp group median of 6x, given Reddit&#8217;s higher revenue growth today, upside potential with AI data licensing business, and significant long-term opportunity to grow ARPU,&#8221; said Post.
<h3 class="wp-block-heading">JMP on Reddit</h3>
Boone notes that Reddit&#8217;s time spent and daily active users (DAU) have accelerated, with U.S. time spent growing at +29% YoY and global growth at +30% YoY. DAU growth has also accelerated each month in 2024, alongside healthy browser data indicating strong global website visits.
Boone believes that Reddit&#8217;s strong engagement trends suggest its &#8220;its first public earnings report will be a strong beat and raise.&#8221; He highlighted &#8220;healthy engagement trends, an improving ad platform, and a healthy advertising environment&#8221; as key catalysts enabling this. Boone expects strong advertising revenue in 1Q24, which should lead to profitability.
<h2 class="wp-block-heading">Reddit Analysts' Consensus Rating</h2>
Ratings &amp; Consensus Estimates: <a href="https://www.benzinga.com/quote/RDDT/analyst-ratings">The consensus analyst rating</a> on Reddit stock stands at a Buy currently with a price target of $49.86.
RDDT Price Action: Reddit stock was trading at $49.25 at the time of publication.
Read Next: <a href="https://www.benzinga.com//node/38323136">Trump Media Vs. Reddit — Analyzing The Showdown Of Social Media Giants</a>
Image: Shutterstock

Analyst Color

Earnings

Social Media

Previews

RDDT

Reddit Analysts Expect 'Strong Beat And Raise, Healthy Engagement Trends' For Q1 Earnings

Citigroup analyst Atif Malik maintains Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) with a Buy and lowers the price target from $40 to $36.

COHU

Citigroup Maintains Buy on Cohu, Lowers Price Target to $36

LPTV

Loop Media shares are trading lower after the company reported worse-than-expected Q2 financial results and a year-over-year decrease in Q2 quarterly active loop players.

Citigroup analyst Spiro Dounis maintains Plains GP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAGP#NASDAQ">PAGP</a>) with a Neutral and raises the price target from $17.5 to $18.

PAGP

Citigroup Maintains Neutral on Plains GP Holdings, Raises Price Target to $18

Prospect Capital's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSEC#NYSE">PSEC</a>) short percent of float has risen 6.23% since its last report. The company recently reported that it has 23.36 million shares sold short, which is 7.67% of all regular shares that are available for trading. Based on its trading volume, it would take traders 10.56 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Prospect Capital Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715019321_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Prospect Capital has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Prospect Capital's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Prospect Capital's peer group average for short interest as a percentage of float is 2.81%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

PSEC

Peering Into Prospect Capital's Recent Short Interest

Dollar Tree's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NYSE">DLTR</a>) short percent of float has fallen 16.14% since its last report. The company recently reported that it has 4.79 million shares sold short, which is 2.65% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Dollar Tree Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715019316_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Dollar Tree has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Dollar Tree's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Dollar Tree's peer group average for short interest as a percentage of float is 3.33%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

DLTR

(DLTR) - Analyzing Dollar Tree's Short Interest

Wolfspeed's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) short percent of float has risen 3.34% since its last report. The company recently reported that it has 20.29 million shares sold short, which is 22.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 5.2 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Wolfspeed Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1715019310_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Wolfspeed has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Wolfspeed's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Wolfspeed's peer group average for short interest as a percentage of float is 8.53%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

WOLF

(WOLF) - Analyzing Wolfspeed's Short Interest

Citigroup analyst Spiro Dounis maintains Plains All American (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) with a Neutral and raises the price target from $17.5 to $18.

Citigroup Maintains Neutral on Plains All American, Raises Price Target to $18

LCTX

Lineage Cell Therapeutics shares are trading are higher after the company announced 24 month visual acuity results from patients enrolled in a Phase 1/2a clinical study of RG6501 in patients with geographic atrophy secondary to age-related macular degeneration.

TD Securities analyst Graham Ryding maintains IGM Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/IGM#TSX">IGM</a>) with a Buy and raises the price target from C$42 to C$43.

TSX:IGM

TD Securities Maintains Buy on IGM Financial, Raises Price Target to C$43

Apple Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) delayed entry into the AI arena might seem like a disadvantage compared to competitors which swiftly capitalized on the emergence of <a href="https://www.benzinga.com/news/24/05/38611412/sam-altman-teases-gpt-5-openais-gpt-4-the-dumbest-model-people-will-have-to-ever-use-again-says-ceo">ChatGPT in late 2022. </a>
However, recent rumors reported by The Verge suggested Apple was strategically preparing its AI strategy. Reports indicated discussions with OpenAI and Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google for potential collaborations, alongside the development of its own AI model named Ajax.
See Also: <a href="https://www.benzinga.com/news/24/05/38604743/apple-ceo-tim-cook-hints-at-exciting-ai-developments-in-2024-but-skimps-on-details-we-are-making-sig">Apple CEO Tim Cook Hints At &#8216;Exciting&#8217; AI Developments In 2024, But Skimps On Details: &#8216;We Are Making Significant Investments&#8217;</a>
Apple&#8217;s approach to AI, as hinted by its research, focused on efficiency and on-device processing. The company aims to significantly enhance Siri by deploying smaller, more efficient AI models. Bloomberg <a href="https://www.bloomberg.com/news/newsletters/2024-04-21/apple-aapl-growth-opportunities-southeast-asia-and-africa-lower-end-iphone-lv9itkna">reported</a> plans for iOS 18 to have all AI features running on an on-device and fully offline model, which indicated a shift towards local processing.
<h1 class="wp-block-heading">Apple&#8217;s AI Roadmap: From Siri Upgrades To Innovative Creative Tools</h1>
In one of its papers titled &#8220;LLM in a Flash: Efficient Large Language Model Inference with Limited Memory,&#8221; Apple&#8217;s researchers detailed a method for storing model data on Solid State Drives (SSDs) instead of Random Access Memory (RAM), resulting in accelerated inference speed.
Researchers stated: &#8220;We have demonstrated the ability to run LLMs up to twice the size of available DRAM [on the SSD], achieving an acceleration in inference speed by 4-5x compared to traditional loading methods in CPU, and 20-25x in GPU.&#8221;
Moreover, Apple&#8217;s researchers developed systems like EELBERT, which compress Large Language Models (LLMs) without significant loss in quality.
Their compressed version of Google&#8217;s Bert model was notably smaller — only 1.2 megabytes — while maintaining high quality. However, the company acknowledged latency tradeoffs associated with this compression method.
In addition to improving Siri&#8217;s functionality, Apple explored AI applications beyond virtual assistants. The company&#8217;s research delved into areas such as health monitoring and creative tools.
For instance, it investigated motion data analysis, gait recognition and heart rate tracking to enhance health-related AI functionalities.
Apple also developed creative tools such as Keyframer, enabling users to iteratively refine designs, and MGIE, allowing image editing through natural language commands.
Rather than inputting a prompt and receiving an image, users engage in an iterative process where they begin with a prompt and then utilize a toolkit to adjust and refine specific elements of the image according to their preferences. This iterative artistic process could potentially be implemented in various Apple tools, ranging from the Memoji creator to more advanced artistic applications.
While these advancements show promise, they are still in the research phase and face challenges in real-world implementation. 
Apple CEO Tim Cook hinted at significant AI-related announcements during the upcoming Worldwide Developers Conference (WWDC), indicating potential transformative impacts on iPhones and user experiences.
Read Next: <a href="https://www.benzinga.com/news/24/04/38526799/apples-secret-ai-lab-in-zurich-poised-to-enhance-iphone-capabilities-poach-google-staff">Apple&#8217;s Secret AI Lab in Zurich Poised to Enhance iPhone Capabilities, Poach Google Staff</a>
Photo: <a href="https://www.shutterstock.com/es/g/Below_the_Sky">Below the Sky</a> on Shutterstock.

AAPL

GOOG

GOOGL

What's Next For Apple's AI? Insights From Research Provide Clues

TD Securities analyst Michael Aelst maintains George Weston (TSX:<a class="ticker" href="https://www.benzinga.com/stock/WN#TSX">WN</a>) with a Buy and raises the price target from C$226 to C$227.

TSX:WN

TD Securities Maintains Buy on George Weston, Raises Price Target to C$227

On Sunday,&nbsp;Johnson &amp; Johnson&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) )&nbsp;<a target="_blank" href="https://www.prnewswire.com/news-releases/tar-210-results-show-90-recurrence-free-survival-and-90-complete-response-in-patients-with-high-risk-and-intermediate-risk-nonmuscle-invasive-bladder-cancer-respectively-302135657.html" rel="noreferrer noopener">released</a>&nbsp;updated results from an open-label, multicenter, multi-cohort Phase 1 study of TAR-210 in patients with non–muscle-invasive bladder cancer (NMIBC) with select&nbsp;FGFR&nbsp;alterations.&nbsp;
TAR-210 is an intravesical targeted releasing system designed to provide sustained, local release of&nbsp;erdafitinib&nbsp;into the bladder.
These data were featured at the&nbsp;2024 American Urological Association (AUA) Annual Meeting.
Results featured updated data from Cohort 1 (C1), patients with&nbsp;recurrent,&nbsp;Bacillus Calmette-Guérin (BCG)–unresponsive high-risk (HR) NMIBC (high-grade Ta/T1; papillary only) who refused or were ineligible for radical cystectomy and Cohort 3 (C3), patients with recurrent, intermediate-risk NMIBC (Ta/T1) low-grade papillary disease left in situ as tumor marker lesions.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/05/38562078/johnson-johnson-wants-to-deal-with-talc-lawsuit-overhang-proposes-6-5b-settlement-package" rel="noreferrer noopener">Johnson &amp; Johnson Wants To Deal With Talc Lawsuit Overhang, Proposes $6.5B Settlement Package</a>.
At the&nbsp;data cutoff of&nbsp;March 22, 2024, 64 patients had&nbsp;been treated&nbsp;with TAR-210 across the&nbsp;2&nbsp;cohorts.&nbsp;
Of the 21 patients in C1 with HR-NMIBC, the 12-month recurrence-free (RF) survival rate was 90%. In C3, 31 patients were efficacy evaluable with a complete response (CR) rate of 90%.1
Friday, Johnson &amp; Johnson&nbsp;<a target="_blank" href="https://www.jnj.com/media-center/press-releases/tar-200-monotherapy-shows-greater-than-80-complete-response-rate-in-patients-with-high-risk-non-muscle-invasive-bladder-cancer" rel="noreferrer noopener">reported</a>&nbsp;updated results from Cohort 2 of the Phase 2b SunRISe-1 study of TAR-200 monotherapy in patients with BCG-unresponsive high-risk&nbsp;non–muscle-invasive&nbsp;bladder cancer (HR-NMIBC) with carcinoma in situ,&nbsp;who are ineligible for, or decline,&nbsp;radical cystectomy.
The results included an evaluation of 85 patients.&nbsp;
The estimated 1-year duration of response (DOR) rate is 74.6%, with a median follow-up in responders of 29.9 weeks; 41 of 48 responders (85%) remain in complete response (CR) at data cutoff as of January 2, 2024, and none of the responders progressed to muscle-invasive bladder cancer or metastasis.&nbsp;
98% (47 of 48) of CRs were achieved at the first disease assessment at week 12, and four of five patients who have completed two years of treatment remain in CR.&nbsp;
The investigator-assessed confirmed CR rate correlated strongly with central results.
On Friday, Johnson &amp; Johnson&nbsp;also&nbsp;<a target="_blank" href="https://www.jnj.com/media-center/press-releases/phase-2-data-for-erleada-apalutamide-plus-androgen-deprivation-therapy-following-radical-prostatectomy-in-patients-with-high-risk-localized-prostate-cancer-show-100-biochemical-free-recurrence-rate-more-than-two-years-post-surgery" rel="noreferrer noopener">announced</a>&nbsp;results from the open-label, single-arm Phase 2 Apa-RP study evaluating adjuvant treatment with Erleada (apalutamide) and androgen deprivation therapy (ADT) in patients with&nbsp;high-risk localized prostate cancer (HRLPC) who have undergone radical prostatectomy (RP).&nbsp;
Following RP, patients who received the treatment regimen showed a 100% biochemical recurrence (BCR)–free rate at 24 months.
The study met its primary endpoint, showing that patients who received 12 months of Erleada&nbsp;plus ADT adjuvant to RP experienced no confirmed biochemical recurrence after 12 additional months of follow-up.&nbsp;
The treatment regimen demonstrated a serum testosterone recovery (≥150 ng/dL) rate of 76.4% at 12 months.
Price Action: JNJ shares are down 0.50% at $148.52 at last check Monday.
Photo via Wikimedia Commons

Biotech

Large Cap

Health Care

Johnson & Johnson Advances Its Two Bladder Cancer Studies, Releases Latest Data

Real estate investor, <a href="https://www.benzinga.com/real-estate/24/05/38620303/grant-cardone-exposes-housing-cost-surge-under-biden-mortgages-have-doubled-to-the-highest-level-in">Grant Cardone</a>, issued a warning on May 5th regarding the stock market, posting on X: "WARNING: Stock Market is due for 50% correction taking S&amp;P below 2674. Tens of millions of households will have their retirement &amp; savings destroyed by being invested in stock market at these levels?"
Cardone points to the history of the yield curve, which has been inverted for over 500 days. This scenario has occurred only three times since 1920—in 1929, 1974, and 2009. Following each of these periods, the market experienced declines of more than 50%. He emphasizes the compounded financial threat by suggesting that a 50% loss in retirement accounts, compounded by inflation, could equate to a total loss in purchasing power of 75%.
To mitigate such risks, Cardone recommends transitioning retirement investments from the stock market to real assets that generate monthly cash flow. He mentions that he has assisted thousands in transferring their retirement accounts without penalties to investments backed by tangible assets.&nbsp;
By doing so, individuals <a href="https://www.benzinga.com/general/24/05/38592773/grant-cardone-forecasts-tenfold-returns-as-homebuying-renting-gap-hits-50-year-high">can depend on regular income</a> from these assets during retirement rather than depleting the principal.&nbsp;
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">Jeff Bezos-backed startup will allow you to become a landlord</a> in just 10 minutes, and you only need $100.</li>
<li>Want To Grow Your Wealth Passively? Unlock Real Wealth with <a href="https://www.benzinga.com/money/cityfunds-yield">Cityfunds&#8217; Exclusive 8% Yield Fund</a>.</li>
</ul>
Cardone&#8217;s concerns are indeed supported by historical data and economic theory. Over the last five decades, there have been seven instances where the yield curve inverted. Historically, these inversions have been followed by a recession within 6 to 24 months, demonstrating the predictive accuracy of this economic indicator. Since 1955, there has been only one occurrence where an inverted yield curve did not lead to a recession, highlighting its reliability as a forecasting tool.&nbsp;
Every U.S. recession during this period was preceded by an inversion of the yield curve between the 10-year Treasury bond yield and the 3-month Treasury bill rate. This relationship suggests that yield curve inversions can indeed signal economic downturns, as higher short-term interest rates relative to long-term rates often reflect investor pessimism about future economic growth.
However, the direct relationship between an inverted yield curve and recessions involves complex factors, including Federal Reserve monetary policy actions and market expectations. When the Fed raises short-term rates, it can lead to an inverted curve if long-term rates do not increase at the same pace, influenced by investors&#8217; expectations for slower economic growth and lower future interest rates.
Trending:
<ul>
<li>Want to Create a Passive Income Stream? <a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail">These High-Yield Real Estate Notes Might Be Your Holy Grail</a></li>
</ul>
Although the predictive power of the yield curve is strong, it&#8217;s not infallible. Economic conditions, monetary policies, and market dynamics have evolved, and there are instances where inversions did not lead to recessions or were followed by economic slowdowns without a full recession. This suggests that while an inversion is a significant indicator, it should be one of several factors considered in economic forecasting and investment decision-making.&nbsp;
Investing in real assets like real estate provides several benefits, particularly as a stabilizing force during economic fluctuations. These assets often exhibit low correlation with stock market movements, offering a form of diversification that can shield investors from market volatility.&nbsp;
Cardone's emphasis on real assets reflects a valid strategy for those seeking to reduce their exposure to stock market risks. His approach underlines the importance of aligning investment choices with personal financial goals and circumstances, suggesting a tailored financial plan that includes tangible assets to secure steady, long-term returns and enhanced financial stability.&nbsp;
Read Next:
<ul>
<li>Dara Khosrowshahi-Backed Startup Lets You <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">Become a Landlord with $100</a>.</li>
<li>Miami Is Expected To Take New York's Place As The US Financial Capital. <a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital">Invest In It With $500 Before That Happens</a>. </li>
</ul>

Real Estate

'Millions Of Households Will Have Their Retirement & Savings Destroyed' — Grant Cardone Foresees Devastating Stock Market Plunge Of 50%

GrafTech International Non-GAAP EPS of -$0.10 beats by $0.03, revenue of $136.58M beats by $10.89M

APEV, PACB and BILI are among premarket gainers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
GrafTech International (NYSE:<a href="https://investorplace.com/stock-quotes/eaf-stock-quote/">EAF</a>) just reported results for the first quarter of 2024.<ul><li>GrafTech International reported earnings per share of -10 cents. This was above the analyst estimate for EPS of -12 cents.</li><li>The company reported revenue of $136.58 million.</li><li>This was 8.67% better than the analyst estimate for revenue of $125.69 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	The post <a href="https://investorplace.com/earning-results/2024/04/eaf-stock-earnings-graftech-international-for-q1-of-2024/">EAF Stock Earnings: GrafTech International Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

EAF Stock Earnings: GrafTech International Beats EPS, Beats Revenue for Q1 2024

GrafTech International Ltd. (EAF) Q1 2024 Earnings Call Transcript

GrafTech International Ltd. 2024 Q1 - Results - Earnings Call Presentation

Analysts fell to the sidelines weighing in on GrafTech International (EAF – Research Report) and Saia (SAIA – Research Report) with neutral ratings...

Analysts Offer Insights on Industrial Goods Companies: GrafTech International (EAF) and Saia (SAIA)

GrafTech International: A Tough, Yet Speculative Play

Graphite Miners News For The Month Of April 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
May has brought attention to seven <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> that investors should consider adding to their portfolios. As a keen observer of the cryptocurrency market, I&rsquo;ve been watching Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) closely as it aims to reach new all-time highs. However, I&rsquo;ve also been keeping an eye on some fascinating penny stocks that I believe offer significant value.



Investors with different risk tolerances and investment horizons should consider allocating a small portion of their portfolios to top penny stocks. These companies have the potential to boost returns, especially in the current bull market. During a bear market, the stability provided by <a href="https://investorplace.com/stock-types/blue-chip-stocks/">blue-chip stocks</a> or broad-market ETFs can help absorb the impact of losses.



With Bitcoin now retracing below $60,000 at the time of writing, investors seeking impressive gains may look elsewhere, and these penny stocks may fit the bill. I think that these companies are also solid options regardless of what the broader market is doing, as they are solid companies in their own right. This could give them the potential to mint new millionaires.



So here are seven penny stocks for investors to consider buying in May this year.



<h2>Innovative Eyewear (LUCY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/02/lucy1600-300x169.png" alt="Smart glasses. Businessman in white shirt holding smart glasses with digital information on virtual screen high tech interface. Futuristic technology and augmented reality concept. LUCY stock"><div>Source: tete_escape / Shutterstock.com</div></div>Innovative Eyewear (NASDAQ:<a href="https://investorplace.com/stock-quotes/lucy-stock-quote/">LUCY</a>) provides smart eyewear solutions, blending fashion and technology.



LUCY is advancing its position in the smart eyewear market. In its 2023 financial results, LUCY reported annual revenues of $1.15 million, up 75% year-over-year, primarily driven by gains in direct-to-consumer and Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>) channels. The fourth quarter saw record revenue of $615,754, reflecting consistent growth across four quarters.



Looking ahead, LUCY <a href="https://uk.advfn.com/stock-market/NASDAQ/LUCY/share-news/Innovative-Eyewear-Inc-Reports-2023-Financial-Res/93542413">aims to diversify its portfolio</a> with new products, including smart eyewear lines from brands like Nautica and Eddie Bauer, as well as launching the Lucyd Armor safety glasses line. The company also introduced the Blueshift lens for enhanced eye protection and comfort, and the Lucyd app.



Smart eyewear could be part of an emerging trend in tech and fashion, which is an evolution from smart watches, but for eyeglasses. I think that this niche has potential, especially for those who love gadgets. LUCY&rsquo;s position then is a strong one.



<h2>E-Home Household Service (EJH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/07/cleaning1600-300x169.jpg" alt="Someone cleaning a kitchen table with a spray bottle and towel.. AERC, SNOA Stock"><div>Source: Maridav/ShutterStock.com</div></div>E-Home Household Service (NASDAQ:<a href="https://investorplace.com/stock-quotes/ejh-stock-quote/">EJH</a>) is a comprehensive household service provider; offering cleaning, housekeeping, and other related services to a variety of clientele.



The company&rsquo;s 2023 <a href="https://stockanalysis.com/stocks/ejh/">financials showed revenue</a> of $68.32 million, despite recording losses for the year, indicating both expansion and operational scaling. The company has also made significant strategic partnerships, including property cleaning contracts worth RMB 22 million and a collaboration with Xi&rsquo;an Liangjian Technology to provide pharmaceutical services, expected to yield RMB 10 million.



Going forward, E-Home Household Service aims to consolidate its market presence by growing its portfolio and expanding its reach, particularly in China&rsquo;s integrated home services sector&#8203;.



A major weakness for many U.S. investors&rsquo; portfolios is a lack of international diversification, especially in emerging markets. EJH could then tick two boxes as a high potential penny stock as well as a company that has an established presence in China.



<h2>Vertex Energy (VTNR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/03/waste-management-1600-300x169.jpg" alt="person depositing a plastic water bottle in a yellow plastic recycling bin. The bin is in a line-up of several other blue and green bins."><div>Source: shutterstock.com/PhotoByToR</div></div>Vertex Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/vtnr-stock-quote/">VTNR</a>) is a waste management company specializing in recycling industrial waste oils and producing alternative fuels.



In 2023, Vertex reported an increase in total production, reaching 73,745 barrels per day across its operations&#8203;.&nbsp; Despite some market volatility, Vertex&rsquo;s growth trajectory remains positive, with planned developments in renewable fuels and ongoing strategic transactions&#8203;



For the first quarter of 2024, Vertex <a href="https://investors.vertexenergy.com/press-releases/press-releases-details/2024/Vertex-Energy-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx">reported an update on its operational outlook</a>, including anticipated throughput exceeding guidance due to stronger capacity utilization&#8203;. The company&rsquo;s quarterly results show total production of 64,000 barrels per day, with renewable diesel production at 4,000 barrels per day, maintaining a production yield of over 95%.



With higher capacity comes higher earnings. I think then that VTNR could be one of those penny stocks for investors to have on their radars, especially since it operates in two lucrative sectors, namely alternative fuels and industrial waste recycling.



<h2>Weight Watchers International (WW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/03/ww1600-300x169.png" alt="WW studio, formally Weight Watchers location. WW offers including healthy lifestyle options such as weight loss, maintenance, and fitness."><div>Source: Jonathan Weiss / Shutterstock.com</div></div>Weight Watchers International (NASDAQ:<a href="https://investorplace.com/stock-quotes/ww-stock-quote/">WW</a>) offers weight management programs, combining technology and in-person support to help individuals achieve healthier lifestyles&#8203;. WW has been <a href="https://corporate.ww.com/news/news-details/2024/WW-International-Inc.-Announces-Fourth-Quarter-and-Full-Year-2023-Results/default.aspx">adjusting its business strategy</a> and product offerings, yielding mixed results for 2023. The company&rsquo;s revenue for the full year 2023 was $889.6 million, down 14.5% from the previous year, with gross profit of $529.3 million.



The company&rsquo;s earnings per share in Q4 2023 was -$0.06, slightly missing analyst expectations, but earnings are expected to grow in the upcoming year to $0.40 per share. The company has also announced plans for continued engagements, such as upcoming events on weight health and new offerings in its weight loss programs. Additionally, analysts forecast an average 3.31% revenue growth for WW in 2024&#8203;.



It seems that WW is on a path of recovery after restructuring its offerings, and with rising obesity levels worldwide, the company is in a strong position to grow its fundamentals.



<h2>EAF GrafTech International (EAF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/penny-stocks-300x169.png" alt="Stacks of pennies representing penny stocks. Nano-Cap Penny Stocks"><div>Source: John Brueske / Shutterstock.com</div></div>EAF GrafTech International (NYSE:<a href="https://investorplace.com/stock-quotes/eaf-stock-quote/">EAF</a>) is a leading manufacturer of graphite electrodes used in electric arc furnace steel production. The company reported a <a href="https://ir.graftech.com/investors/news/news-details/2024/GrafTech-Reports-Fourth-Quarter-and-Full-Year-2023-Results/default.aspx">net loss of $217 million</a> for 2023, with adjusted free cash flow of $50 million, reflecting an ongoing focus on managing working capital&#8203;. In Q1 2024, GrafTech reported a loss of $0.12 per share but exceeded analyst expectations. This was attributed to continued softness in the commercial environment, though the company&rsquo;s production volumes and revenue showed improvement. To strengthen its financial position, GrafTech completed a $450 million private offering of senior secured notes, extending debt maturities to 2028. The company&rsquo;s Monterrey facility, which had faced regulatory challenges, has also seen operations restart, which should support GrafTech&rsquo;s growth. The company expects sales volumes for 2024 to range from 13,000 to 16,000 metric tons&#8203; this year. EAF is therefore in a strong position, and could lead to a seven-figure sum with a sizable investment, provided favorable conditions are met.



<h2>Genworth Financial (GNW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/gnw1600-300x169.jpg" alt="A shot of the Genworth Financial (GNW) sign on an office building in Canada."><div>Source: JHVEPhoto / Shutterstock.com</div></div>Genworth Financial (NYSE:<a href="https://investorplace.com/stock-quotes/gnw-stock-quote/">GNW</a>) is an insurance company providing life insurance, long-term care insurance. The company&rsquo;s Q4 2023 earnings <a href="https://investor.genworth.com/">report showed a net loss</a> of $212 million, or $0.47 per diluted share. This was driven by unfavorable impacts from assumption updates in its life insurance and long-term care insurance (<a href="https://investorplace.com/stock-quotes/ltc-stock-quote/">LTC</a>) segments&#8203;. Adjusted operating loss was $230 million, or $0.51 per diluted share. Revenue for Q4 was $1.91 billion. Genworth has been proactive in addressing its financial structure, completing the redemption of its 2024 senior notes and focusing on strengthening its balance sheet&#8203;. The company also reported an increase in statutory pre-tax income to $148 million in Q4 2023, driven by various factors including benefits from premium increases and benefit reductions from in-force rate actions in its LTC segment&#8203;.



Looking ahead, Genworth aims to continue navigating the challenges of its industry, particularly in managing its LTC and life insurance operations. It could then have multi-bagger potential given its rock bottom valuation.



<h2>New Gold (NGD)</h2>



<div><img width="300" height="199" src="https://investorplace.com/wp-content/uploads/2014/07/4-300x199.jpg" alt="gold mining stocks gold stocks gold prices"><div>Source: &copy;iStock.com/belchonock</div></div>New Gold (NYSE:<a href="https://investorplace.com/stock-quotes/ngd-stock-quote/">NGD</a>) operates in the mining sector, focusing on the exploration and production of gold and other precious metals from its global assets. In 2023, the company <a href="https://ca.finance.yahoo.com/quote/NGD.TO">achieved consolidated gold equivalent production</a> of 423,517 ounces, reaching the top end of its guidance. Looking ahead to 2024, New Gold outlines plans for a gold production increase at its Rainy River Mine, projecting 250,000 to 280,000 ounces.&nbsp;



This growth is supported by a modest increase in gold grade and higher mining rates, particularly from its underground Main Zone which is expected to start production in Q4 2024. Additionally, the company projects total capital investments between $145 to $165 million. New Gold&rsquo;s management also anticipates improvements in its operational and financial performance through 2026. The company remains focused on optimizing its production profile and reducing costs over the coming years.



NGD&rsquo;s performance could make it an attractive pick for those who are looking to diversify into gold, as well as pick up shares of a company that could mint new mllionaires.



On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> InvestorPlace.com Publishing Guidelines</a>.
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/05/7-penny-stocks-with-the-potential-to-make-you-an-overnight-millionaire/">7 Penny Stocks With the Potential to Make You an Overnight Millionaire</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Penny Stocks With the Potential to Make You an Overnight Millionaire

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on VSE (VSEC – Research Report), Fortune Brands...

Analysts' Opinions Are Mixed on These Industrial Goods Stocks: VSE (VSEC), Fortune Brands Innovations (FBIN) and GrafTech International (EAF)

AMVMF

APMFF

BCSA

BILI

BSSMF

CBULF

COOT

CYLYF

DMNKF

ECGFF

ECORF

EVMIF

FBIN

FCSMF

FGPHF

GBMIF

GEMSF

GPHOF

GRFX

GRFXF

HKIT

HOLO

IMYSF

IMYSY

LEMIF

LICN

LMRMF

LUCY

MGPHF

MNSEF

MNSO

NGPHF

NIVF

NNXPF

NSRCF

NVNXF

RFLXF

SAIA

SGLFF

SRHYY

STSBF

SYAAF

TLGRF

TORVF

VSEC

VTNR

XPEV

ZTEK

Press Releases

Undavia Group Files Definitive Proxy Statement and Issues Letter to GrafTech Shareholders

GrafTech Announces First Quarter 2024 Earnings Conference Call and Webcast

GrafTech Publishes Investor Presentation Related to the 2024 Annual Meeting of Stockholders

Nilesh Undavia Issues Open Letter to Shareholders

GrafTech Reports First Quarter 2024 Results

Leading Proxy Advisor ISS Recommends GrafTech Stockholders Vote "FOR" Board-Recommended Director Nominees

Proxy Advisory Service ISS Acknowledges "Existential Issues" Facing GrafTech

Glass Lewis Says Nilesh Undavia Makes Persuasive Case for GrafTech Board Change

GrafTech Urges Stockholders to Vote Today "FOR" the Board-Recommended Nominees Using the WHITE Proxy Card

Nilesh Undavia Calls Out GrafTech Board for Continuing to Distort the Record and Mislead Shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

GrafTech International Stock (NYSE:EAF), Short Interest Report

People Also Watch