Agronomics (OTC:AGNMF) Stock, Quote.Headers.trade-ideas

Agronomics Ltd is an Isle of Man-based investment firm. The company principally invests in the nascent industry of modern foods, which are environmentally friendly alternatives to the traditional production of meat and plant-based sources of nutrition.

Agronomics Ltd

Consumers are turning more frequently to their 401(k) accounts to pay down <a href="https://www.benzinga.com/insights/news/24/09/40960923/heres-how-much-you-would-have-made-owning-mastercard-stock-in-the-last-10-years">their credit cards</a> as they face higher prices for essentials such as food, gas and electricity, according to a financial planner.
Total credit-card debt in the U.S. reached $1.34 trillion as of June, Federal Reserve data <a href="https://www.federalreserve.gov/releases/g19/20240909/">showed</a>. In May, credit card balances for consumers between 43 and 58 years old <a href="https://www.benzinga.com/general/education/24/05/39059618/this-generation-has-more-credit-card-debt-than-millennials-and-gen-z-5-tips-on-how-to-crawl-out">averaged $9,123</a>.
&#8220;People are facing rising prices and while the rate of inflation has decreased, there is still inflation,&#8221; said Bobbi Rebell, a certified financial planner and finance expert at CardRates.com.
&#8220;Therefore, prices are still high, even though they're not going up as quickly. Life is expensive! People are struggling because they're paying more for everyday expenses like groceries.&#8221;
Read Also: <a href="https://www.benzinga.com/news/24/07/39827834/why-capital-one-stock-is-climbing">Why Capital One Stock Is Climbing</a>
Turning to 401(k)s to pay those balances has also risen because the government has made it easier to access some money from a 401(k) without penalties, she said.
&#8220;Also, that's where the money is! Because many employers have auto enrollment and employees must opt out, people have more money in their 401(k) account,&#8221; she said.
&#8220;At least with a 401(k) you are paying yourself interest and the rate is usually more affordable than the interest rate of a credit card.&#8221;
Major drawbacks to using a 401(k) to pay down credit cards is that consumers must pay back what they take out before leaving the job that gave them the 401(k). They are also using funds that are meant to be spent in retirement, she said.
&#8220;You are borrowing money from your future.&#8221;
Price Action: Credit card companies fell slightly on Friday.
<ul>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) slipped 0.16% to $284.77.</li>
<li>Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) dropped 0.05% to $493.30.</li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) fell 0.99% to $142.49</li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) declined 0.52% to $152.25.</li>
</ul>
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</ul>
Photo: Shutterstock

Government

Education

Federal Reserve

Consumers Turn To 401(k)s To Pay Down Credit Cards: 'Life Is Expensive'

Raymond James analyst Patrick O'Shaughnessy downgrades Moodys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) from Market Perform to Underperform.

News

Downgrades

Analyst Ratings

Raymond James Downgrades Moodys to Underperform

Events

COHR

Coherent To Demonstrate 1.6T-DR8 And 800G-DR4 Transceivers At ECOC 2024

JP Morgan analyst Joseph Giordano downgrades Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) from Overweight to Neutral and raises the price target from $104 to $109.

Price Target

Fomento Economico Mexicano S.A.B. De C.V.

JP Morgan Downgrades Fomento Economico to Neutral, Raises Price Target to $109

Raymond James analyst Patrick O'Shaughnessy downgrades S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) from Outperform to Market Perform.

SPGI

Raymond James Downgrades S&P Global to Market Perform

SSTI

SoundThinking Launches Next Generation SafePointe Weapons Detection System With AI-Driven Software And Advanced Hardware For Enhanced Threat Detection In High-Traffic Areas

Vroom Releases Long-Term Strategic Plan Focused On Profitability Following Discontinuation Of Ecommerce Operations And Used Vehicle Dealership

Piper Sandler analyst John Barnidge reiterates Voya Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOYA#NYSE">VOYA</a>) with a Overweight and maintains $84 price target.

Reiteration

VOYA

Piper Sandler Reiterates Overweight on Voya Financial, Maintains $84 Price Target

Trio-Tech Intl (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRT#AMEX">TRT</a>) reported quarterly earnings of $0.06 per share. This is a 50 percent increase over earnings of $0.04 per share from the same period last year. The company reported $9.75 million in sales this quarter. This is a 7.35 percent increase over sales of $9.08 million the same period last year.

Earnings

Trio-Tech Intl Q4 EPS $0.06 Up From $0.04 YoY, Sales $9.75M Up From $9.08M YoY

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) is a buy. &#8220;We need <a href="https://www.benzinga.com/quote/D/analyst-ratings">cheap power,&#8221; he noted.</a>
On Sept. 19, Jefferies analyst Paul Zimbardo initiated coverage on Dominion Energy with a Hold rating and announced a price target of $58.
Cramer said he likes Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>). &#8220;I&#8217;m glad that they slowed their expansion,&#8221; he added.
On Sept. 12, TD Cowen analyst Andrew Charles reiterated Dutch Bros with a Buy and maintained a $47 price target.
When asked about Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), he said, &#8220;I need to see the financials filed.&#8221;
On Sept. 20, Super Micro Computer announced the receipt of non-compliance letter from the Nasdaq.
LyondellBasell Industries N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is not a stock that he is recommending, Cramer said.
On Sept. 13, JPMorgan analyst Jeffrey Zekauskas maintained LyondellBasell Industries with an Overweight rating and lowered the price target from $113 to $110.
On Aug. 2, LyondellBasell reported&nbsp;second-quarter&nbsp;fiscal 2024 revenues of&nbsp;$10.55 billion, up from&nbsp;$10.306 billion&nbsp;a year ago,&nbsp;<a href="https://www.benzinga.com/pressreleases/24/08/n40125912/lyondellbasell-reports-second-quarter-2024-earnings">beating the consensus of&nbsp;$10.44 billion.</a> Adjusted EBITDA stood at&nbsp;$1.37 billion&nbsp;(-5.3%&nbsp;Y/Y), and the margin contracted by 107 bps to&nbsp;13%. Adjusted EPS stood at&nbsp;$2.24,&nbsp;<a href="https://www.benzinga.com/earnings">beating the consensus of&nbsp;$2.23.</a>
Price Action:
<ul>
<li>Dominion Energy shares gained 0.8% to settle at $57.93 on Friday.</li>
<li>Dutch Bros shares gained 0.2% to close at $34.92 during the session.</li>
<li>Super Micro Computer shares gained 4.6% to close at $457.27 during Friday's session.</li>
<li>LyondellBasell shares fell 2.1% to settle at $94.04 on Friday.</li>
</ul>
Read Next:
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</ul>

Long Ideas

Markets

Media

Trading Ideas

BROS

SMCI

Jim Cramer Says This Utilities Stock Is A Buy: 'We Need Cheap Power'

General

NAOV

NanoVibronix Signs Letter of Intent With Medici Medical To Explore Opportunities For The Distribution Of Its UroShield Device In Israel

Cantor Fitzgerald analyst Prakhar Agrawal reiterates ORIC Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIC#NASDAQ">ORIC</a>) with a Overweight.

ORIC

Cantor Fitzgerald Reiterates Overweight on ORIC Pharmaceuticals

MKFG

Markforged Settles IP Litigation With Continuous Composites, Agrees To Pay $18M Upfront With Additional Payments Through 2027, Resolving All Claims

EF Hutton analyst Jason Kolbert initiates coverage on Reviva Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RVPH#NASDAQ">RVPH</a>) with a Buy rating and announces Price Target of $15.

Initiation

RVPH

EF Hutton Initiates Coverage On Reviva Pharmaceuticals with Buy Rating, Announces Price Target of $15

Committed to exploring new markets, NANO Nuclear Energy is assessing the potential for deploying its advanced technologies in space applications &nbsp;
New York, N.Y., Sept. 23, 2024 (GLOBE NEWSWIRE) -- NANO Nuclear Energy Inc. (NASDAQ:<a href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>)&nbsp;("NANO Nuclear" or "the Company"),&nbsp;a leading advanced nuclear energy and technology company focused on developing portable, clean energy solutions, today announced the launch of a new subsidiary, NANO Nuclear Space Inc. (NNS), to explore the potential commercial applications of the Company's developing micronuclear reactor technology in space.
NNS will utilize NANO Nuclear's world class scientific and engineering teams to examine the adaptation of NANO Nuclear technologies to contribute towards humanity's drive to expand beyond low earth orbit. NNS will focus on optimizing&nbsp;"ZEUS", a solid core battery reactor, and "ODIN", a low-pressure coolant reactor, for applications such as power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS' initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon's surface.

NANO Nuclear Energy Forms NANO Nuclear Space To Explore Use Of Advanced Portable Microreactors In Space Applications

Piper Sandler analyst Edward Tenthoff reiterates Dyne Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYN#NASDAQ">DYN</a>) with a Overweight and maintains $53 price target.

Piper Sandler Reiterates Overweight on Dyne Therapeutics, Maintains $53 Price Target

Cantor Fitzgerald analyst Prakhar Agrawal reiterates Structure Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPCR#NASDAQ">GPCR</a>) with a Overweight and maintains $65 price target.

GPCR

Cantor Fitzgerald Reiterates Overweight on Structure Therapeutics, Maintains $65 Price Target

Management

TPCS

TechPrecision Appoints Richard Roomberg As CFO

Guidance

BRLS

Borealis Foods Introduces Woodles Into U.S. School Lunch Programs;  Expects Revenue And Gross Profit Contribution In H2 2024 And Beyond

FIVN

VRNT

Verint And Five9 Expand Partnership To Deliver AI-Driven Customer Experiences With New Cloud-To-Cloud Platform Integration

Agronomics announces NAV calculation of 16.48 pence per share as of September 30

Agronomics NAV per share rises 2.5% Q/Q in Q4

Agronomics Limited GAAP EPS of -0.044p

Agronomics portfolio company-Onego Bio raises €37M

Agronomics portfolio company Onego Bio raises €37M

Mosa Meat, portfolio company of Argonomics raises €40M

AGNMF

Legal

Press Releases

Agronomics Limited Announces Onego Bio Raises EUR37 Million

Agronomics Invests US$10M in Liberation Labs

Agronomics Limited Announces Portfolio Company Presentation Series - Onego Bio

Agronomics Limited Announces Exercise of Warrants

Agronomics Limited Announces Mosa Meat Raises EUR 40 Million in New Financing

Agronomics Limited Announces Solar Foods Raises an Additional EUR8 Million

Agronomics Limited Announces Net Asset Value Calculation as at 31 March 2024

Agronomics Limited Announces Meatly Unveils Protein-Free Medium

Agronomics Limited Announces Exercise of Warrants & TVR

Offerings

Agronomics Limited Announces Onego Bio Secures EUR 14 million in New Funding

Agronomics

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Agronomics (AGNMF) Forecast

Agronomics (OTC:AGNMF) Stock, Quote.Headers.trade-ideas