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

Copperleaf Technologies Stock (OTC:CPLFF), Short Interest Report

Copperleaf Technologies Inc is a provider of AI-powered enterprise decision analytics. It serves companies managing critical infrastructure, including physical and digital assets. It provides decision analytics software solutions to companies managing critical infrastructure. It leverages operational and financial data to empower clients to make investment decisions that deliver the highest business value. the Group is organized into business units based on its geographical distribution and has three reportable segments, Americas; Europe, Middle East and Africa; and Asia Pacific and Japan.

COPPERLEAF TECHNLGIES INC by COPPERLEAF TECHNOLOGIES INC.

Copperleaf Technologies Inc

Mitsubishi Electric Corporation&nbsp;(Chiyoda-ku, Tokyo) and Musashi Energy Solutions Co., Ltd. (Hokuto City, Yamanashi Prefecture), a subsidiary of Musashi Seimitsu Industry Co., Ltd. (Toyohashi City, Aichi Prefecture), announced today their signing of a partnership and co-development agreement on May 14 for Innovative Energy Storage Devices to be incorporated into Innovative Energy Storage Modules, and Battery Management Systems (BMSs) that monitor and control battery usage for railway operators and rolling stock manufacturers.

News

MIELY

Reported Earlier, Mitsubishi Electric Collaborates With Musashi Energy Solutions To Advance Carbon Neutrality In The Global Railway Industry

Net proceeds from the offering are expected to be approximately&nbsp;$141.0 million&nbsp;after deducting underwriting discounts and commissions and before estimated offering expenses. VSE expects to use substantially all of the net proceeds from this offering to repay outstanding borrowings under its revolving loan facility, including borrowings to fund its acquisition of Turbine Controls, Inc., to support potential future strategic acquisitions and for general corporate purposes.

VSEC

Reported Earlier, VSE Prices Public Offering Of 2,112,676 Common Stock At $71/share

Sky Harbour Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SKYH#AMEX">SKYH</a>) reported quarterly losses of $(0.78) per share which missed the analyst consensus estimate of $(0.07) by 1014.29 percent. This is a 90.24 percent decrease over losses of $(0.41) per share from the same period last year. The company reported quarterly sales of $2.404 million which beat the analyst consensus estimate of $2.200 million by 9.27 percent. This is a 117.16 percent increase over sales of $1.107 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

SKYH

Sky Harbour Group Q1 2024 GAAP EPS $(0.78) Misses $(0.07) Estimate, Sales $2.404M Beat $2.200M Estimate

The development of this AI digital person is based on the company&#39;s long-term technical buildup in the gaming field and in-depth application of market-leading third-party AI technology, marking an important step for BHAT in the field of AI application services.

BHAT

Blue Hat Interactive Announces Artificial Intelligence Digital Person "Aileen" As Chief Information Officer

<ul>
<li>Two abstracts on SAR443579 (IPH6101), ANKET&reg;&nbsp;platform lead asset, a trifunctional anti-CD123 NKp46xCD16 NK cell engager under development by partner Sanofi in blood cancer</li>
<li>Two abstracts on IPH6501, Innate&#39;s second generation ANKET&reg;&nbsp;for the treatment of relapsed or refractory CD20-expressing B-cell Non-Hodgkin&#39;s Lymphomas</li>
</ul>

IPHA

Innate Pharma's Four Abstracts With Innate's Drug Candidates Accepted For The European Association Of Hematology 2024 Congress

The recent surge in meme stocks, including GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), AMC Entertainment Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), and BlackBerry Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BB#NYSE">BB</a>), is not the result of retail traders acting in unison, according to a top industry executive.
What Happened: JJ Kinahan, CEO of IG North America, suggested that the current meme stock rally is not driven by retail traders, as was the case in the past. Kinahan shared his views during an interview on CNBC&#8217;s Last Call.
&#8220;Last time, in my opinion, this started out with retail traders all doing something at the same time. I do not get the feeling that&#8217;s what happened this time,&#8221; Kinahan said, referring to the current meme stock surge.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">&quot;Last time, in my opinion, this started out with retail traders all doing something at the same time. I do not get the feeling that&#39;s what happened this time,&quot; says IG North America CEO <a href="https://twitter.com/TheJJKinahan?ref_src=twsrc%5Etfw">@TheJJKinahan</a> on who&#39;s behind the meme rally. <a href="https://twitter.com/search?q=%24GME&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$GME</a> <a href="https://twitter.com/search?q=%24AMC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMC</a> <a href="https://twitter.com/search?q=%24BB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BB</a> <a href="https://t.co/Uuq2LHfnkE">pic.twitter.com/Uuq2LHfnkE</a>
&mdash; Last Call (@LastCallCNBC) <a href="https://twitter.com/LastCallCNBC/status/1790522103424221304?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38787490/gamestop-shares-surge-as-roaring-kitty-resurfaces-after-3-year-silence?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GameStop Shares Surge As &#8216;Roaring Kitty&#8217; Resurfaces After 3-Year Silence</a>
While the exact catalyst for the recent meme stock rally <a href="https://www.benzinga.com/news/24/05/38824912/stock-market-interest-is-surging-are-meme-stocks-responsible">remains unclear</a>, the surge in these stocks has been remarkable. On Tuesday, GameStop&#8217;s shares soared by as much as 113%, while AMC experienced a 129% surge in early trading before pulling back.
Social media-fueled trading gained traction with the re-emergence of &#8220;Roaring Kitty,&#8221; also known as Keith Gill, a prominent retail trader from the 2021 meme stock era. Gill resumed posting on social media on Sunday, sparking renewed interest and activity in trading circles.
Why It Matters: The current meme stock rally has been <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38815078/jim-cramer-bets-cash-strapped-amc-gamestop-may-issue-shares-to-capitalize-on-new-me">a hot topic</a> in the financial world, with many analysts speculating on the driving forces behind it. Some, like Kinahan, believe that retail traders are not the primary force behind the surge, while others, such as Jim Cramer, have suggested that companies like GameStop and AMC may use the stock surge to raise capital through public offerings.
As the meme stock rally continues, analysts are also considering <a href="https://www.benzinga.com/markets/equities/24/05/38831590/5-ways-the-gamestop-meme-stocks-rally-could-fizzle-stock-offerings-boredom-and-more">potential factors that could fizzle the rally</a>, such as stock offerings and market boredom. However, for now, the surge in meme stocks is undeniably driving significant interest in the stock market.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38780639/bitcoin-ethereum-dogecoin-trade-mixed-after-turbulent-week-analyst-says-king-crypto-can-ri?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Trade Mixed After Turbulent Week: Analyst Says King Crypto Can Rise To $76K Level If It Reclaims This Crucial Support</a>
Image Via Shutterstock 
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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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Equities

Social Media

Global

Markets

Gamestop, AMC Meme Stock Rally Not Driven By Retail Traders This Time, IG North America CEO Says 'I Do Not Get The Feeling'

Former Secretary of State Hillary Clinton has accused ex-President Donald Trump of attempting to bribe fossil fuel CEOs to overturn President Joe Biden&#8216;s climate policies.
What Happened: Clinton, in a post on Tuesday, cited a Washington Post report that alleged Trump had promised fossil fuel CEOs a reversal of Biden&#8217;s climate policies in exchange for $1 billion. She described the bribe as &#8220;outrageous&#8221; and questioned why Trump had faced so little political backlash for his actions in the past.
Clinton wrote, &#8220;I&#8217;m still not over Trump promising fossil fuel CEOs that he&#8217;ll reverse Biden&#8217;s climate action in return for $1 billion. It&#8217;s a bribe so outrageous it nearly defies belief—which is why he&#8217;s paid so little political cost for these moves in the past. Can we change that dynamic?&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I&#39;m still not over Trump promising fossil fuel CEOs that he&#39;ll reverse Biden&#39;s climate action in return for $1 billion. It&#39;s a bribe so outrageous it nearly defies belief—which is why he&#39;s paid so little political cost for these moves in the past. Can we change that dynamic? <a href="https://t.co/sz12CLtlhe">pic.twitter.com/sz12CLtlhe</a>
&mdash; Hillary Clinton (@HillaryClinton) <a href="https://twitter.com/HillaryClinton/status/1790406995251474898?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
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At the dinner, Trump pledged to swiftly lift the Biden administration&#8217;s freeze on permits for new liquefied natural gas exports — a key demand of the executives present, according to the Washington Post <a href="https://www.washingtonpost.com/politics/2024/05/09/trump-oil-industry-campaign-money/">report</a> which cited three individuals at the event.
"You've been waiting on a permit for five years; you'll get it on Day 1," Trump told the executives. 
Trump&#8217;s press team did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/news/23/06/32982308/rfk-jr-berates-us-for-dodging-ukraine-war-negotiations-says-russia-acting-in-good-faith?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">RFK Jr Berates US For Dodging Ukraine War Negotiations, Says Russia &#8216;Acting In Good Faith&#8217;</a>
Why It Matters: This accusation from Clinton comes amid a series of controversies involving Trump and the oil industry. Trump reportedly <a href="https://www.benzinga.com/news/24/05/38751446/trump-reportedly-seeks-1b-in-campaign-funds-from-exxon-mobil-chevron-other-big-oil-execs-expert-call">sought $1 billion in campaign funds</a> from Exxon Mobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and other major oil companies. This request, made during a meeting at his Palm Beach, Florida home, was met with shock but was deemed legal by industry experts.
Trump&#8217;s ties to the oil industry have been under scrutiny, with U.S. Senate Majority Leader Chuck Schumer (D-N.Y.) <a href="https://www.benzinga.com/government/24/05/38781945/chuck-schumer-says-trump-might-be-hosting-dinners-for-big-oil-execs-but-ftc-should-side-with-consume">calling for a reevaluation</a> of the proposed $53 billion merger between Chevron and Hess Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HES#NYSE">HES</a>). Schumer warned that the merger could lead to higher gas prices, further fueling concerns about Trump&#8217;s relationship with the oil industry.
These allegations against Trump also coincide with <a href="https://www.benzinga.com/general/politics/24/05/38832464/michael-cohen-says-he-was-knee-deep-into-the-cult-of-donald-trump-when-he-admired-lied-for-forme">testimonies from Michael Cohen</a>, Trump&#8217;s former lawyer, in the hush money criminal trial against the ex-president. Cohen admitted to lying to protect Trump, shedding light on the ethical and legal controversies surrounding the former president.
Read Next: <a href="https://www.benzinga.com/news/23/09/34392283/donald-trump-tells-supporters-im-being-indicted-for-you-at-south-dakota-rally?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Donald Trump Tell Supporters &#8216;I&#8217;m Being Indicted For You&#8217; At South Dakota Rally</a>
Image Via Shutterstock 
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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>
<hr class="wp-block-separator has-alpha-channel-opacity" />
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>
<hr class="wp-block-separator has-alpha-channel-opacity" />

Politics

Hillary Clinton Slams Trump For Allegedly Bribing Fossil Fuel CEOs To Reverse Biden's Climate Action In Exchange For $1B: 'Outrageous'

In the wake of the dissolution of a United Nations body, Western nations are on the hunt for a new entity to oversee North Korea&#8217;s adherence to international sanctions after Russia vetoed a UN panel that overlooked Kim Jong Un&#8216;s country. 
What Happened: An eight-member panel, initially appointed by former UN secretary-general Ban Ki-moon in 2009, was disbanded after Russia vetoed its mandate extension in March, the Financial Times <a href="https://www.ft.com/content/2d02b36d-c7fe-4b29-92a7-144c1361e863">reported</a> on Wednesday. The panel&#8217;s mandate expired on Apr. 30, posing a significant obstacle to global efforts to limit North Korea&#8217;s access to foreign finance, energy, and technologies.
Maya Ungar, a UN analyst at the International Crisis Group, stated, "The sanctions remain in place on paper, but Russia's veto removes the UN Security Council's one impartial source of information on who is breaching the sanctions and how."
Eric Penton-Voak, a former British official who once served as co-ordinator of the panel, revealed that Russia was never supportive of the work of the panel.
"But with weapons being traded and Russian oil being imported into North Korea — all of it clearly visible from satellite imagery — the panel would have become an increasingly annoying presence, so Moscow dispensed with it,&#8221; he added.
The UN Security Council initially imposed sanctions on North Korea in October 2006, following the country&#8217;s first nuclear test. However, relations between Western nations and North Korea&#8217;s allies, Russia and China, have become increasingly strained in recent years. Both Moscow and Beijing have become increasingly critical of the sanctions.
See Also: <a href="https://www.benzinga.com/general/politics/24/05/38794046/michael-cohen-says-he-never-wanted-to-go-into-law-was-offered-375k-to-work-for-donald-trump-goin?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Cohen Says He Never Wanted To Go Into Law, Was Offered $375K To Work For Donald Trump: &#8216;Going To</a>
One potential solution being considered is the creation of a new monitor under the UN General Assembly, which would not be subject to a Russian or Chinese veto. However, this proposal could face resistance from Beijing and bring up complex legal and budgetary issues.
Why It Matters: The U.S. ambassador to the United Nations, Linda Thomas-Greenfield, has <a href="https://www.benzinga.com/news/24/04/38267872/us-envoy-calls-on-russia-and-china-to-stop-rewarding-kim-jong-uns-bad-behavior-hiding-the-truth-does">previously criticized Russia and China </a>for shielding North Korea from sanctions. This came after Russia's veto and China's abstention from renewing a U.N. panel that monitors sanctions against North Korea's nuclear and missile programs.
"We must now consider how to continue access to this kind of objective, independent analysis in order to address [North Korea's] unlawful WMD and ballistic missile advancements," Thomas-Greenfield said.
Kim has been<a href="https://www.benzinga.com/news/24/05/38776689/kim-jong-un-intensifies-north-koreas-military-arsenal-tests-new-rocket-launch-system-report"> intensifying the country&#8217;s military arsenal</a> and testing a new multiple rocket launch system. This move underscores the urgency of maintaining an effective monitoring system for North Korea&#8217;s compliance with international sanctions.
Read Next: <a href="https://www.benzinga.com/news/24/05/38776647/elon-musk-berates-gavin-newsom-after-california-governor-discloses-plans-to-cut-10-000-vacant-state?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Berates Gavin Newsom After California Governor Discloses Plans To Cut 10,000 Vacant State Jobs</a>
Image via Shutterstock
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 Engineered by Benzinga Neuro, Edited by 
 <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Pooja Rajkumari</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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 </div>
</div>

General

Western Nations Seek A New Eye To Watch Over Kim Jong Un's North Korea Despite Resistance From Russia, China

Shares of video game retailer GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) have lifted exponentially this week, trumping the world&#8217;s largest cryptocurrency Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) yearly gains in a single day.&nbsp;
What Happened: GameStop shares rallied 190% since the week began, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>, pumped by <a href="https://www.benzinga.com/short-sellers/24/05/38822479/gamestops-david-vs-goliath-rematch-shorts-face-1-4b-loss-in-2024-as-roaring-kitty-returns">retail traders' excitement over the return of Keith Gill</a>, aka "Roaring Kitty", a central character in the previous rally of shares in January 2021. Bitcoin, on the other hand, has risen 125% over the past year, paling in comparison to the GameStop whirlwind. 
That said, on a larger timeframe, the King Crypto's trajectory evoked more optimism. Since the last meme stock mania in Jan. 2021, Bitcoin has gained 91%, even breaching its previous peak earlier this year. 
GameStop, on the other hand, entered a multi-year decline and was unable to break through its prior highs. It was still trading 38% lower than its peak. 
Why It Matters: GameStop&#8217;s trajectory displayed brief, sharp surges brought on by social media events, but Bitcoin exhibited consistency over the years, bolstering its use case as a store of value asset.
While the sustainability of GameStop's surge will be evident in the next few days, Bitcoin's growing mainstream penetration spurred by the launch of spot ETFs would mean a more stable ascent, away from wild fluctuations.
Price Action: At the time of writing, Bitcoin was exchanging hands at $61,908.40, following a 1.14% drop in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38815412/doge-is-the-first-crypto-gme-folks-are-likely-to-buy-touts-trader-that-turned-5-figures-in">DOGE Is The First Crypto GME Folks Are Likely To Buy,&#8217; Touts Trader That Turned 5 Figures Into 8 Figures With Meme Coins</a>

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

Cryptocurrency

$BTC

GameStop Might Have Outperformed Bitcoin's Yearly Returns In A Single Day But Here's Why King Crypto Evokes More Optimism

Sportradar Group AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRAD#NASDAQ">SRAD</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/SRAD/earnings">opening bell on May 15.</a>
Analysts expect the Sankt Gallen, Switzerland-based company to report quarterly earnings at 6 cents per share, up from 2 cents per share in the year-ago period. Sportradar is projected to report quarterly revenue of $263.16 million, compared to $227.64 million a year ago, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On May 1, Sportradar named Behshad Behzadi as the company&#8217;s Chief Technology Officer and Chief Artificial Intelligence Officer.
Sportradar shares rose 0.9% to close at $9.50 on Tuesday.
Benzinga readers can access the latest analyst ratings on the A<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">nalyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/SRAD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Citigroup analyst Jason Bazinet maintained a Buy rating and raised the price target from $15 to $17 on March 22. This analyst has an accuracy rate of 68%.</li>
<li>Canaccord Genuity analyst Michael Graham reiterated a Buy rating with a price target of $16 on March 21. This analyst has an accuracy rate of 66%.</li>
<li>JP Morgan analyst David Karnovsky maintained an Overweight rating on March 21. This analyst has an accuracy rate of 68%.</li>
<li>JMP Securities analyst Jordan Bender initiated coverage on the stock with a Market Perform rating on Sept. 7, 2023. This analyst has an accuracy rate of 63%.</li>
<li>Benchmark analyst Mike Hickey reiterated a Buy rating with a price target of $14 on Aug. 31, 2023. This analyst has an accuracy rate of 60%.</li>
</ul>
Read This Next: <a href="https://www.benzinga.com/news/24/05/38817342/jim-cramer-says-nu-skin-is-overvalued-praises-fabulous-pure-storage">Jim Cramer Says Nu Skin Is &#8216;Overvalued,&#8217; Praises &#8216;Fabulous&#8217; Pure Storage</a>

Price Target

Pre-Market Outlook

Trading Ideas

SRAD

Sportradar Group Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed further improvement in overall market sentiment, but the index remained in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled higher on Tuesday, with the Nasdaq Composite surging to a new closing record level during the session.
On the economic data front, U.S. producer prices rose 0.5% month-over-month in April compared to a revised 0.1% decline in March and higher than market expectations of 0.3%. Data on consumer prices for April will be released today.
Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) reported weaker-than-expected earnings for its fiscal fourth-quarter. Home Depot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) reported downbeat sales for its first quarter on Tuesday.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, real estate and financial stocks recording the biggest gains on Tuesday. However, consumer staples and energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 127 points to 39,558.11 on Tuesday. The S&amp;P 500 rose 0.48% at 5,246.68, while the Nasdaq Composite gained 0.75% at 16,511.18 during Tuesday's session.
Investors are awaiting earnings results from Dole plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>), Arcos Dorados Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>), and Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) today.
At a current reading of 53.9, the index remained in the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 50.9.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: <a href="https://www.benzinga.com/news/24/05/38817342/jim-cramer-says-nu-skin-is-overvalued-praises-fabulous-pure-storage">Jim Cramer Says Nu Skin Is &#8216;Overvalued,&#8217; Praises &#8216;Fabulous&#8217; Pure Storage</a>

ARCO

BABA

CSCO

DOLE

Investor Optimism Improves Ahead Of CPI Report, Nasdaq Settles At Record High

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) to report quarterly earnings at 82 cents per share on revenue of $12.53 billion after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Cisco shares rose 0.1% to $49.00 in after-hours trading.</li>
<li>Prestige Consumer Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBH#NYSE">PBH</a>) reported worse-than-expected financial results for the fourth quarter and issued weak guidance. Prestige Consumer Healthcare shares dipped 7.7% to $66.00 in the after-hours trading session.</li>
<li>Analysts are expecting Arcos Dorados Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARCO#NYSE">ARCO</a>) to post quarterly earnings at 17 cents per share on revenue of $1.02 billion. The company will release earnings before the markets open. Arcos Dorados shares rose 1.7% to $11.40 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a> 
<ul>
<li>Infinera Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) reported weak preliminary financial results for the first quarter. The company said it sees preliminary adjusted loss of 17 cents per share, versus market expectations for a loss of 13 cents per share. It expects preliminary revenue of $306.9 million for the quarter, down from estimates of $336.995 million. Infinera shares tumbled 10.8% to $5.17 in the after-hours trading session.</li>
<li>Analysts expect Dole plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOLE#NYSE">DOLE</a>) to post quarterly earnings at 31 cents per share on revenue of $2.12 billion before the opening bell. Dole shares rose 1.2% to $12.41 in after-hours trading.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/05/38817342/jim-cramer-says-nu-skin-is-overvalued-praises-fabulous-pure-storage">Jim Cramer Says Nu Skin Is &#8216;Overvalued,&#8217; Praises &#8216;Fabulous&#8217; Pure Storage</a>

INFN

Cisco, Prestige Consumer Healthcare And 3 Stocks To Watch Heading Into Wednesday

Macro Economic Events

Econ #s

Economics

Reported Earlier, Australia Wage Price Index (QoQ) For Q1 0.8% Vs. 0.9% Est.; 1.0% (Revised) Prior

Robinhood Markets Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) equities trading volume surged to a record $5 billion on Tuesday, marking one of the platform&#8217;s biggest days in the past 12 months. This achievement comes amid a resurgence in retail trading, reminiscent of the 2021 meme stock frenzy, where Robinhood played a pivotal role as a favored platform for retail investors.
What Happened: Robinhood CEO Vlad Tenev revealed that the trading app had experienced a surge in equities trading volume, reaching a record $5 billion on Tuesday.
He also mentioned that the company would upgrade its systems to accommodate the increasing load, with certain features potentially being temporarily unavailable between 1 a.m. and 3 a.m. ET.
&#8220;@RobinhoodApp hit $5B in equities trading volume today &#8230; one of our biggest days in the past 12 months,&#8221; Tenev wrote. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">.<a href="https://twitter.com/RobinhoodApp?ref_src=twsrc%5Etfw">@RobinhoodApp</a> hit $5B in equities trading volume today &#8230; one of our biggest days in the past 12 months
&mdash; Vlad Tenev (@vladtenev) <a href="https://twitter.com/vladtenev/status/1790560257196060741?ref_src=twsrc%5Etfw">May 15, 2024</a></blockquote>
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In the <a href="https://investors.robinhood.com/news/news-details/2024/Robinhood-Reports-First-Quarter-2024-Results/default.aspx">first quarter</a>, Robinhood reported a notable surge in options contracts traded, marking a 26% increase year-over-year, totaling 343.6 million contracts. Equally impressive was the 40% year-over-year rise in equity notional trading volumes, reaching $225.0 billion.
Additionally, Robinhood&#8217;s strategic move of offering a 3% retirement transfer match sparked substantial customer adoption. During the promotion period from January to April, customers transferred over $4 billion in retirement assets from competing brokerages, averaging over $90,000 per customer.
 The <a href="https://www.benzinga.com/news/24/05/38824912/stock-market-interest-is-surging-are-meme-stocks-responsible">resurgence of retail trading</a>, reminiscent of the 2021 meme stock frenzy, is evident as Robinhood emerges as a favored platform among retail traders once again. 
 Popular stocks like GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and AMC Entertainment Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) are dominating Wall Street this week, witnessing substantial surges in their stock prices.
Robinhood&#8217;s stock surged sharply this week as social media-driven trading gained momentum. This surge coincided with GameStop&#8217;s remarkable 74% climb, following the return of &#8220;Roaring Kitty&#8221; aka Keith Gill, a prominent retail trader from the 2021 meme stock era, who resumed posting on social media on Sunday.
It&#8217;s worth noting that Robinhood was not publicly traded during the peak of the 2021 meme stock rally, having gone public in July 2021. However, transaction revenue at Robinhood, a key measure of trading activity, had reached its peak during the retail trading saga of 2021, according to Reuters.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38805886/gamestop-amc-alibaba-rivian-tesla-why-these-5-stocks-are-on-investors-radars-today?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GME, AMC, BABA, RIVN, TSLA: Top 5 Trending Stocks Today</a>
Why It Matters: Robinhood reported <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38713973/robinhood-q1-earnings-highlights-revenue-beat-eps-beat-over-1-million-on-gold-credit-card-">record revenue</a> of $618 million in the first quarter of 2024, a 40% increase year-over-year. This exceeded the Street&#8217;s consensus estimate of $548.6 million. 
The platform&#8217;s strong financial results have coincided with its plans to expand its product suite for active traders, with the introduction of <a href="https://www.benzinga.com/news/earnings/24/05/38720316/robinhood-ceo-vlad-tenev-says-the-platform-set-to-introduce-index-options-and-futures-trading-for-a">index options and futures trading</a> in the fourth quarter of 2024.
The $5 billion equities trading volume is a significant achievement for Robinhood, especially considering the company&#8217;s recent <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38723057/gary-gensler-led-sec-a-source-of-frustration-for-robinhood-ceo-vlad-tenev-says-theyve-held">frustrations with the SEC</a> over its crypto arm. 
Despite these challenges, the platform has continued to <a href="https://www.benzinga.com/news/24/05/38776464/robinhood-ceo-vlad-tenev-dishes-on-hot-retirement-offerings-economics-of-the-offer-are-irresistible">expand its offerings</a> and attract a growing user base, as evidenced by its soaring trading volumes.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38807245/big-short-fame-investor-expects-elon-musks-tesla-shares-to-plunge-70-people-are-going-to-start-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Big Short&#8217; Fame Investor Expects Elon Musk&#8217;s Tesla Shares To Plunge 70%: &#8216;People Are Going To Start To Lose Patience&#8217;</a>
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HOOD

Amid GameStop, AMC Meme Mania, Robinhood Scores Record $5B Equities Trading Volume — CEO Vlad Tenev Says, 'One Of Our Biggest Days'

Frog-themed meme coin Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) stormed to an all-time high Tuesday, rendering all of its holders in profit at one point in the day.
What Happened: The coin became the largest gainer in the memecoin market in the last 24 hours, and one of the largest in the broader market, with gains of more than 10%, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
About 98% of its holders were making money at the time of publication, <a href="https://app.intotheblock.com/coin/PEPE">according </a>to IntoTheBlock data, with the figure hitting 100% earlier in the day.
The meme token pipped large-cap cryptocurrencies like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), BNB (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bnb/usd">BNB</a>), and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) in 24-hour trading volume, totaling $3.8 billion.
The upsurge caught the eye of investors, leading some to fill their bags with PEPE. A trader withdrew more than 407 billion tokens, worth $4.4 million at prevailing market prices, according to Spotonchain. 
The big grab indicated expectations of PEPE's value rising further in the days to come.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Smart traders are accumulating <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> and <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> in the past 24 hours! Is <a href="https://twitter.com/hashtag/memecoin?src=hash&amp;ref_src=twsrc%5Etfw">#memecoin</a> season returning? 1. DWF Labs (<a href="https://twitter.com/DWFLabs?ref_src=twsrc%5Etfw">@DWFLabs</a>) withdrew 2B <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> ($394K) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw">#Binance</a> 40 mins ago. &#8211; Notably, this is their first <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> activity in over a year. 2. Smart trader 0x37d withdrew… <a href="https://t.co/ZSSsVuRfKI">pic.twitter.com/ZSSsVuRfKI</a>
&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1790368883364569365?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
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Why It Matters: Pepe was likely benefiting from the <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38797959/keith-gills-roaring-kitty-comeback-sparks-1400-surge-of-kitty-themed-meme-coin">frenzy caused by the return of retail trader "Roaring Kitty,</a>" a catalyst that also sent other meme tokens flying. 
The surge also signaled the start of the second meme coin bull market of the year, t<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37911121/solana-meme-coin-mania-continues-coinbases-base-l2-may-be-the-next-big-opportunity-for-mem">he first of which in March</a> offered enthusiasts of this class of cryptocurrencies enormous profits.
In fact, one cryptocurrency trader underlined how it was the meme coins that were netting solid returns, while fundamental and utility tokens were letting them down.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I thought we came into crypto for tech &#x1f602; F&#x2A;&#x2A;k Utility &amp; Tech &#x1f602; Only My <a href="https://twitter.com/hashtag/Memecoins?src=hash&amp;ref_src=twsrc%5Etfw">#Memecoins</a> Portfolio Growing From The Past 3 Months &amp; All Fundamental + Utility Tokens Are Going Down &#x1f644;<a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> Gave Me So Much My 5 Top Tokens Didn&#39;t Gave Last 2 Months &#x1f62a; <a href="https://t.co/xW5uGxSuy7">pic.twitter.com/xW5uGxSuy7</a>
&mdash; Karan Singh Arora (@thisisksa) <a href="https://twitter.com/thisisksa/status/1790348520450372079?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
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Price Action: At the time of writing, PEPE was exchanging hands at $$0.00001106, following a 10% jump in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Image Via Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38834745/ethereum-spot-etf-approval-odds-decrease-for-later-this-month-as-analyst-points-out-sec-co">Ethereum Spot ETF Approval Odds Decrease For Later This Month As Analyst Points Out SEC &#8216;Considering the Security Question for the Asset&#8217;</a>

$BNB

$DOGE

$PEPE

$SOL

PEPE Explodes To All-Time Highs — Leaves Dogecoin, Solana Trailing In the Dust

<a href="https://www.benzinga.com/topic/california-cannabis">California-based</a> cannabis company&nbsp;Lowell Farms Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/lowlf#OTC">LOWLF</a>)
released its financial and operational results on Tuesday afternoon for the first quarter of 2024, ending March 31.
The company reported a 35% decrease in net revenue, which fell to $4.9 million from $7.5 million in the same quarter last year. However, <a href="https://www.benzinga.com/markets/cannabis/23/11/35789904/cannabis-growers-rough-year-q3-earnings-show-28-revenue-plunge-but-sheds-millions-in-debt">net revenue</a> showed a 35% increase from $3.6 million in Q4 2023.
<a href="https://www.benzinga.com/general/biotech/23/03/31227249/from-controversial-to-profitable-why-nestl-procter-gamble-pepsico-and-other-cpg-brands-should-emb">Consumer packaged goods (CPG)</a> revenue dipped 11% year-over-year but rose 10% from the previous quarter. Bulk product revenue dropped 73% year-over-year and 66% from Q4 2023. Revenue from Lowell Farm Services (LFS) decreased 41% year-over-year and 93% from the previous quarter.
Mark Ainsworth, co-founder and CEO, <a href="https://ir.lowellfarms.com/news-events/press-releases/detail/123/lowell-farms-inc-announces-unaudited-first-quarter-2024">remarked</a>, &quot;Our recent strategic decisions have bolstered our manufacturing and distribution capabilities, allowing us to navigate the industry landscape. By optimizing efficiencies, we&rsquo;re poised for steady growth and positive impact.&quot;
<h3>Financial Losses Improve Despite Gross Margin Challenges</h3>
<ul>
<li>Lowell Farms reported a gross loss of $0.8 million for the quarter, translating to a negative <a href="https://www.benzinga.com/markets/cannabis/24/03/37986890/lowell-farms-navigates-challenging-terrain-with-35-revenue-dip-a-look-at-2023s-financial-outcome">gross margin</a> of 17%, primarily due to the company&#39;s exit from its cultivation facility.&nbsp;This means the company faced significant financial challenges as it transitioned away from cultivation, impacting its overall profitability.&nbsp;</li>
<li>The operating loss for Q1 2024 was $2.9 million, compared to $2.4 million in Q1 2023 and $9.6 million in Q4 2023.</li>
<li>The net loss for the quarter was $2.9 million, an improvement from the $4.0 million net loss in the same quarter last year (27.5% YoY) and better than the $13.1 million net loss in Q4 2023 (77.9% QoQ).</li>
<li>Adjusted EBITDA stood at negative $1.1 million, consistent with the same quarter last year but an improvement from negative $4.1 million in the previous quarter.</li>
</ul>
To learn more about the cannabis business and how to invest in the sector,&nbsp;don&#39;t miss the opportunity to join us at the&nbsp;<a href="https://www.benzinga.com/events/cannabis-conference/?UTM_source=article" target="_blank">19th Benzinga Cannabis Capital Conference</a>&nbsp;in Chicago this October 8-9. Engage with top executives, investors, policymakers, and advocates to explore the industry&#39;s future. Secure your tickets now before prices increase by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank">this link</a>.
Photo: AI-Generated Image.&nbsp;

Cannabis

Penny Stocks

Retail Sales

Small Cap

LOWLF

Lowell Farms Reports 35% Revenue Drop In Q1: Following Cannabis Cultivation Exit, Net Loss Down 27.5%

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) proponents might still be optimistic about a spot ETF approval but analysts tracking the developments increased the odds of a rejection by the SEC.
What Happened: Analyzing a March filing submitted by BlackRock Inc. to the SEC over its ETF application, finance lawyer Scott Johnson discovered &#8220;official&#8221; signals of the regulator viewing Ethereum as a security.
The SEC while delaying the approval, also sought public feedback on whether the applicant properly filed its ETF listing proposal as a commodity.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Looks like odds just went up for SEC to deny Ethereum ETFs by claiming <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> is a security. Not a guarantee that they will do this but i think this almost guarantees that the SEC is at least considering it. (not groundbreaking but first i&#39;ve seen in public SEC documents) <a href="https://t.co/JK7M9G9Ttu">https://t.co/JK7M9G9Ttu</a>
&mdash; James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1790363090782949580?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
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Johnson noted that this question was asked for all the ETF filings and never for any Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) spot/futures ETF product.&nbsp;
"The obvious purpose is to potentially deny on the basis that these spot filings are improperly filed as commodity-based trust shares and do not qualify if they are holding a security," he added.
Responding to his findings, Bloomberg analyst James Seyffart increased the likelihood of a spot ETH ETF rejection, convinced that the regulator was considering the security question for ETH.&nbsp;
Bloomberg ETF analyst Eric Balchunas entered the discussion as well, emphasizing, "Our odds of approval remain the same: slim to none."
Why It Matters: The SEC is due to decide on VanEck's spot Ether ETF by May 23 &#8211; the final deadline for the first batch of proposals enabling investors to bet on the spot price of the world's second-largest cryptocurrency.&nbsp;
Ethereum&#8217;s status has become the major sticking point, with the SEC <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38520739/consensys-alleges-sec-covertly-targeted-ethereum-sparking-legal-battle">allegedly launching a covert operation</a> to brand the cryptocurrency as a security. A rejection might pose further pain for the asset, already hampered by a sluggish market in recent weeks.
Price Action: At the time of writing, ETH was exchanging hands at $2,888.08, following a 2.16% drop in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38834252/bitcoin-ethereum-dogecoin-dip-as-wholesale-prices-breach-estimates-analyst-explores-possib">Bitcoin, Ethereum, Dogecoin Dip As Wholesale Prices Breach Estimates: Analyst Explores Possibilities Of A Bitcoin Jump To $68K</a>

$ETH

Ethereum Spot ETF Approval Odds Decrease For Later This Month As Analyst Points Out SEC 'Considering the Security Question for the Asset'

On Tuesday, Cathie Wood&#8217;s Ark Invest made some significant trades, notably buying shares of Shopify Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) and selling off Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>) stocks.
The Shopify Trade
Ark Invest&#8217;s ETFs, including Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), purchased a total of 105,034 shares of Shopify. The move came after Shopify&#8217;s <a href="https://www.benzinga.com/markets/equities/24/05/38721307/cathie-woods-ark-invest-purchases-over-30m-of-shopify-shares-amid-q1-numbers-driven-plunge-adds-">first-quarter earnings report</a>, which was released earlier in the month. The trade was valued at approximately $6.09 million, based on Shopify&#8217;s closing price of $58.03 on Tuesday.
Notably, this is the second day in running that Ark Invest has piled on Shopify shares. On Monday, the Wood-led firm added shares worth $18 million to its portfolio.
The Block Inc Trade
On the same day, Ark Invest sold a total of 210,591 shares of Block across its ARKF, ARKK, and ARKW ETFs. The trade was valued at approximately $15 million, based on the Jack Dorsey-led company&#8217;s closing price of $71.20 on Tuesday.
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38807245/big-short-fame-investor-expects-elon-musks-tesla-shares-to-plunge-70-people-are-going-to-start-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Big Short&#8217; Fame Investor Expects Elon Musk&#8217;s Tesla Shares To Plunge 70%: &#8216;People Are Going To Start To L</a>
Block had recently reported its first-quarter financial results, which beat the analyst consensus estimate. The company&#8217;s shares rose after the announcement. For more details on Block&#8217;s first-quarter earnings and strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investment, refer to this <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38599124/block-stock-soars-on-q1-earnings-strategic-bitcoin-investment-details">Benzinga report</a>.
On Tuesday, Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38834252/bitcoin-ethereum-dogecoin-dip-as-wholesale-prices-breach-estimates-analyst-explores-possib">prices dipped</a>, failing to hold on to gains from the previous day, after wholesale inflation data came in higher than expected.
Other Key Trades: 
<ul>
<li>Ark Invest bought shares of Roblox Corp (RBLX) and shares of Intellia Therapeutics Inc (NTLA). </li>
<li>The firm sold shares of Velo3D Inc (VLD) and shares of Kratos Defense and Security Solutions Inc (KTOS). </li>
<li>Ark Invest also bought stock of Iridium Communications Inc (IRDM).</li>
</ul>
Read Next: <a href="https://www.benzinga.com/markets/equities/24/05/38787490/gamestop-shares-surge-as-roaring-kitty-resurfaces-after-3-year-silence?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GameStop Shares Surge As &#8216;Roaring Kitty&#8217; Resurfaces After 3-Year Silence</a>
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 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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Media

ETFs

ARKF

ARKK

ARKW

SHOP

Cathie Wood-Led Ark Invest Continues Shopping For Shopify Stock, Sells $15M Worth Of Jack Dorsey's Block Shares Amid Bitcoin Price Drop

OpenAI Chief Scientist Ilya Sutskever has announced his departure from the company. This development comes after a series of significant events at the artificial intelligence giant.
What Happened: Sutskever, a key member of the company&#8217;s founding team, revealed his decision to leave OpenAI after nearly a decade. He expressed confidence in the company&#8217;s ability to develop artificial general intelligence under the leadership of the current CEO, Sam Altman, and other executives. 
"After almost a decade, I have made the decision to leave OpenAI," Sutskever wrote on X. "The company's trajectory has been nothing short of miraculous."<a href="https://archive.is/o/g4MYb/https://twitter.com/ilyasut/status/1790517455628198322?ref_src=twsrc^tfw&#x7C;twcamp^tweetembed&#x7C;twterm^1790517455628198322&#x7C;twgr^94e06983e93aa4c55de44874a0dc2ee1536f7e26&#x7C;twcon^s1_&amp;ref_url=https://www.bloomberg.com/news/articles/2024-05-14/openai-chief-scientist-ilya-sutskever-is-leaving-the-company" target="_blank" rel="noreferrer noopener"></a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">After almost a decade, I have made the decision to leave OpenAI.  The company's trajectory has been nothing short of miraculous, and I'm confident that OpenAI will build AGI that is both safe and beneficial under the leadership of <a href="https://twitter.com/sama?ref_src=twsrc%5Etfw">@sama</a>, <a href="https://twitter.com/gdb?ref_src=twsrc%5Etfw">@gdb</a>, <a href="https://twitter.com/miramurati?ref_src=twsrc%5Etfw">@miramurati</a> and now, under the…
&mdash; Ilya Sutskever (@ilyasut) <a href="https://twitter.com/ilyasut/status/1790517455628198322?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Altman, in a post on X said, &#8220;Ilya and OpenAI are going to part ways. This is very sad to me.&#8221; He described Sutskever as &#8220;easily one of the greatest minds of our generation, a guiding light of our field, and a dear friend.&#8221; Sutskever has revealed that he is working on a project that is &#8220;very personally meaningful&#8221; for him.
Sutskever&#8217;s position will be assumed by the current Research Director, Jakub Pachocki.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Ilya and OpenAI are going to part ways. This is very sad to me; Ilya is easily one of the greatest minds of our generation, a guiding light of our field, and a dear friend. His brilliance and vision are well known; his warmth and compassion are less well known but no less…
&mdash; Sam Altman (@sama) <a href="https://twitter.com/sama/status/1790518031640347056?ref_src=twsrc%5Etfw">May 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Sutskever, who was initially hired by Elon Musk when the company was established in 2015, played a pivotal role in the <a href="https://www.benzinga.com/news/23/11/35867612/elon-musk-very-worried-about-openai-boardroom-battle-ilya-sutskever-wouldnt-take-such-drastic-action">removal of Altman</a> as CEO in November. However, after Altman&#8217;s reinstatement, Sutskever announced that he would not return to his former position as a board member. The company was reportedly discussing alternative roles for him.
See Also: <a href="https://www.benzinga.com/news/24/05/38689467/elon-musk-isnt-sure-apples-showed-its-entire-30b-r-d-prowess-with-new-ipads-maybe-they-have-some-sec?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Isn&#8217;t Sure If Apple Showed Its Entire $30B R&amp;D Prowess With New iPads: &#8216;Maybe They Have Some Secret Products…&#8217;</a>
Pachocki, who has been with OpenAI since 2017, will now take over as the new chief scientist. The company has not yet provided any comments on Sutskever&#8217;s departure.
Why It Matters: Sutskever&#8217;s departure comes at a time when OpenAI is making significant strides in the AI industry. The company <a href="https://www.benzinga.com/news/24/05/38809935/openai-just-dropped-gpt-4o-and-these-10-examples-show-it-could-completely-change-ai-chatbot-game">recently unveiled GPT-4o</a>, a new and improved version of its chatbot, which has the potential to revolutionize the AI chatbot game.
However, Sutskever&#8217;s departure could raise questions about the company&#8217;s future direction, especially given his influential role in OpenAI&#8217;s history. His exit follows a period of speculation about his whereabouts, which arose after the <a href="https://www.benzinga.com/news/24/03/37814793/sam-altman-laughs-off-speculation-about-openais-ilya-sutskevers-whereabouts-i-really-hope-we-work-to">dramatic ouster</a> of Altman in November. The company&#8217;s future trajectory and its ability to maintain its position as an AI industry leader will be closely watched in the wake of this development.
Read Next: <a href="https://www.benzinga.com/news/24/05/38806678/elon-musk-shrugs-off-openais-latest-announcement-after-x-user-says-that-99-of-the-economy-will-be-ai?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Shrugs Off OpenAI&#8217;s Latest Announcement After X User Says That 99% Of The Economy Will Be AI Chatbots Talking To Each Other: &#8216;Not At This Ridiculously Slow Bit Rate&#8217;</a>
Image Via Shutterstock 
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.

Management

Tech

OpenAI Chief Scientist Ilya Sutskever Steps Down, CEO Sam Altman Calls Him A Guiding Light Of AI Field: 'Very Sad To Me'

On Tuesday, major U.S. stock indices closed higher, with the Dow Jones Industrial Average increasing by 0.3% to 39,558.11 and the S&amp;P 500 climbing 0.5% to 5,246.68. The Nasdaq also advanced, rising 0.75% to 16,511.18.
These are the top stocks that gained the attention of retail traders and investors throughout the day:
GameStop Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>)
GameStop shares soared by 59.84%, closing at $48.75. The stock hit an intraday high of $64.83 and a low of $36. Its 52-week high and low are $64.83 and $9.95 respectively. The company, along with AMC Entertainment Holdings, was poised for another strong session, according to CNBC's Mad Money host Jim Cramer. He said both companies could use the stock surge to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38815078/jim-cramer-bets-cash-strapped-amc-gamestop-may-issue-shares-to-capitalize-on-new-me">raise capital</a> through public offerings.
AMC Entertainment Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>)
AMC Entertainment shares jumped by 30.98%, closing at $6.85. The stock&#8217;s intraday high was $11.88 and the low was $5.85. Its 52-week high and low are $62.3 and $2.38 respectively. The company&#8217;s stock price surged by 121% in pre-market trading, marking a revival of the <a href="https://www.benzinga.com/news/24/05/38814104/gamestop-up-triple-digits-premarket-is-2021-meme-stock-rally-back">meme stock phenomenon</a>. 
See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38787490/gamestop-shares-surge-as-roaring-kitty-resurfaces-after-3-year-silence?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">GameStop Shares Surge As &#8216;Roaring Kitty&#8217; Resurfaces After 3-Year Silence</a>
Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>)
Plug Power shares climbed by 19.03%, closing at $3.44. The stock&#8217;s intraday high was $4.90 and the low was $3.42. Its 52-week high and low are $13.44 and $2.25 respectively. The company announced a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38822667/plug-power-analyst-says-loan-commitment-de-risks-hydrogen-stock">loan commitment</a> from the U.S. Department of Energy (DOE), which comes at a time when investors were concerned about the need to secure dilutive financing. 
Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>)
Rumble shares rose by 2.44%, closing at $7.15. The stock&#8217;s intraday high was $7.40 and the low was $6.94. Its 52-week high and low are $11.25 and $3.33 respectively. The video-sharing platform reported <a href="https://www.benzinga.com/news/earnings/24/05/38829726/rumble-q1-earnings-highlights-revenue-miss-eps-miss-lawsuit-filed-against-google">first-quarter revenue</a> of $17.7 million, up 1% year-over-year, but missed a Street consensus estimate of $18.3 million. 
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla shares increased by 3.29%, closing at $177.55. The stock&#8217;s intraday high was $179.49 and the low was $174.07. Its 52-week high and low are $299.29 and $138.8 respectively. The electric car giant is <a href="https://www.benzinga.com/government/24/05/38825756/tesla-sued-in-california-for-environmental-violations">facing a lawsuit</a> filed by the Environmental Democracy Project, accusing Tesla of repeatedly breaching the federal Clean Air Act. 
Photo by Phongphan on Shutterstock
Prepare for the day&#8217;s trading <a href="Premarket Movers &amp; News">with top premarket movers and news</a> by Benzinga.
Read Next: <a href="https://www.benzinga.com/government/24/05/38781945/chuck-schumer-says-trump-might-be-hosting-dinners-for-big-oil-execs-but-ftc-should-side-with-consume?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Chuck Schumer Says Trump Might Be &#8216;Hosting Dinners For Big Oil Execs&#8217; But FTC Should Side With Consumers</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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 </div>

PLUG

TSLA

GameStop, AMC, Plug Power, Rumble, Tesla: Why These 5 Stocks Are Investors' Radars Today

Analysts have been eager to weigh in on the Technology sector with new ratings on Copperleaf Tech (CPLFF – Research Report), Rackspace Technology (...

Analysts Offer Insights on Technology Companies: Copperleaf Tech (OtherCPLFF), Rackspace Technology (RXT) and Enfusion (ENFN)

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Powerfleet (PWFL – Research Report), Itron (ITRI – R...

Analysts Offer Insights on Technology Companies: Powerfleet (PWFL), Itron (ITRI) and Copperleaf Tech (OtherCPLFF)

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
When it comes to building wealth in the stock market, buying shares of quality companies early in their growth trajectories offers perhaps the most proven formula for life-changing returns. However, identifying those diamond-in-the-rough small caps before they become household names presents a major challenge. This is where undiscovered penny <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> come in.



Though ultra-speculative and high-risk overall, a select group of rapidly expanding businesses trading under $5 per share can transform early investors into millionaires if their disruptive potential is realized. Dedicating a small portion of portfolio capital to thoroughly vetted penny opportunities sets the stage for outsized rewards over time.



Of course, losses are equally likely with such speculative moonshot bets. But by targeting <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> with strong top-line growth, relatively sound financials, and clear paths to profitability, the odds of multibagger gains improve dramatically. As these thriving young companies scale up, their depressed share prices should eventually reflect the underlying fundamental progress. Let&rsquo;s take a look!



<h2>Altus Power (AMPS)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/electricity-wire-1600-300x169.jpg" alt="A concept image of electricity flowing between two disconnected electric cables."><div>Source: ESB Professional / Shutterstock.com</div></div>As a commercial-scale supplier of clean electric power across the U.S., Altus Power (NYSE:<a href="https://investorplace.com/stock-quotes/amps-stock-quote/">AMPS</a>) is focused on expediting the transition to renewable energy nationwide. Through valuable partnerships and acquisitions that enhance growth and reinforce their competitive strengths, Altus has established a footprint across hundreds of sites in over 20 states.



There&rsquo;s no denying Altus Power&rsquo;s stock has underperformed recently, and their less-than-stellar financials certainly don&rsquo;t inspire confidence. However, I believe that if you&rsquo;re targeting multibagger returns this year, AMPS could deliver exactly that. The company seems poised for a financial turnaround as electricity demand swells thanks to escalating EV usage and surging power needs for AI data centers and cloud computing. Essentially, the macro backdrop looks bright for electricity providers like Altus.



Though Altus&rsquo; present financial position appears weak, analysts anticipate a dramatic improvement by 2025, including positive EPS. Even more impressive, earnings growth is <a href="https://seekingalpha.com/symbol/AMPS/earnings/estimates">expected to skyrocket 140% in 2026</a>. At current prices, that means you&rsquo;d be paying only around 18 times the estimated 2026 earnings &ndash; an undeniably cheap forward P/E ratio given that revenues are projected to double from 2024 to 2026.



It&rsquo;s worth noting that Altus does have a track record of missing estimates, like when they undershot Q3 revenue projections by 14% and Q4 figures by 6%. However, given their stellar long-term growth runway, I believe the stock could still realistically deliver multibagger returns over the next few years. The projected growth is just too substantial to ignore.



<h2>Pinstripes (PNST)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/pennies-cheap-1600-300x169.png" alt="Pennies in a jar on top of a background of pennies. Pennies. Cheap stocks."><div>Source: John Brueske / Shutterstock</div></div>As an experiential dining and entertainment brand blending bistro fare, bowling, bocce ball and event hosting, Pinstripes (NYSE:<a href="https://investorplace.com/stock-quotes/pnst-stock-quote/">PNST</a>) has carved out a unique niche since its launch in 2007. Having expanded to 13 locations across nine states, Pinstripes aims to open over 100 new venues in the coming years.



The broader &ldquo;eatertainment&rdquo; industry appears poised for vigorous revenue expansion. However, risks remain in terms of successful execution and performance monitoring. Still, I&rsquo;m bullish on Pinstripes&rsquo; potential to generate multibagger returns for patient investors given their strong cash reserves and ambitious growth strategy.



While PNST stock slid in late 2022, it has traded predominantly sideways in recent months. I expect shares to mount an impressive recovery this year. Analyst consensus calls for sales to climb from $122 million this year to <a href="https://seekingalpha.com/symbol/PNST/earnings/estimates">$233 million by 2025</a>. Though Pinstripes isn&rsquo;t forecast to reach profitability over the next couple years projected losses seem manageable at under $10 million annually moving ahead. With $40 million now on the balance sheet, the company has ample capital to fund operations over the next four years as revenues scale dramatically higher. For these reasons, PNST remains a high-conviction penny pick in my book.



<h2>Wishpond Technologies (WPNDF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div>As a provider of online business solutions on a global scale, Wishpond&rsquo;s (OTCMKTS:<a href="https://investorplace.com/stock-quotes/wpndf-stock-quote/">WPNDF</a>) all-in-one platform empowers companies to boost marketing results, accelerate lead generation, streamline sales, optimize ad spend, boost customer referrals and improve conversion rates through AI-powered automation. This diverse functionality allows businesses to optimize their digital presence and unlock growth.



Typically, well-established SaaS marketing players trade at 10-20x forward sales while churning out substantial profits &mdash; a description that admittedly does not apply to Wishpond at current. Although the stock has plunged 66% over the trailing year, it can realistically achieve similar profitability and valuations in the years ahead given the recently renewed growth momentum.



In fact, Wishpond <a href="https://www.google.com/finance/quote/WPNDF:OTCMKTS">recorded a small profit</a> last quarter to reverse previous losses. Looking ahead, analysts forecast annual sales growth will <a href="https://seekingalpha.com/symbol/WPNDF/earnings/estimates">accelerate from 12% in 2023 to 31%</a> by 2025. If Wishpond maintains this growth trajectory and margin expansion continues leading to sustained profitability, multibagger upside potential seems highly attainable here. Wishpond held a healthy cash position of $900,000 and zero debt as of September 2023. Management expects record top and bottom line results this year, powered by increased bundled software sales, larger sales teams and new AI-based product introductions.



<h2>NanoXplore (NNXPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/penny-stocks-1600-300x169.jpg" alt="Page of newspaper with words penny stocks. Undervalued Penny Stocks"><div>Source: Vitalii Vodolazskyi / Shutterstock.com</div></div>NanoXplore (OTCMKTS:<a href="https://investorplace.com/stock-quotes/nnxpf-stock-quote/">NNXPF</a>) manufactures and supplies high-volume graphene powder for diverse industrial markets. By incorporating graphene into plastics and composites, they enable enhanced products for customers across transportation, packaging, electronics and other sectors.



NanoXplore has immense upside potential as graphene demand swells exponentially over the coming years. The global graphene market is expected to rocket from <a href="https://www.mordorintelligence.com/industry-reports/graphene-market">$790 million in 2024 to $4.84 billion</a> in 2029, expanding at a vigorous 43.64% CAGR. Nicknamed the &ldquo;wonder material,&rdquo; graphene boasts immense strength &ndash; 200 times stronger than steel at the same thickness &mdash; while remaining extremely lightweight.



Multiple catalysts point to possible outperformance of NanoXplore versus current projections. Analysts forecast revenue to leap from <a href="https://seekingalpha.com/symbol/NNXPF/earnings/estimates">$96 million in 2024 to $189 million</a> in 2027. However, as graphene use cases proliferate further, the company will handily beat estimates. NanoXplore&rsquo;s massive production plant in Montreal stands as the world&rsquo;s biggest graphene production facility, uniquely positioning them to capture surging market share.



<h2>SmartRent (SMRT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/rental-th-1600-300x169.png" alt='A paper cutout of a house is attached to a tag reading "for rent."'><div>Source: Pixelbliss / Shutterstock.com</div></div>Despite recent sideways trading and declines, SmartRent (NYSE:<a href="https://investorplace.com/stock-quotes/smrt-stock-quote/">SMRT</a>) delivering compelling long-term gains as profitability draws nearer. As a foremost provider of smart home automation solutions for multifamily residences, SmartRent empowers property owners and managers to streamline operations via software and hardware that controls security, access, utilities and more.



With automation and AI commanding tremendous excitement lately, demand appears strong for SmartRent&rsquo;s offerings as smart homes gain traction. Analysts model near breakeven in 2024, with profits materializing in 2025. At just <a href="https://seekingalpha.com/symbol/SMRT/earnings/estimates">33x estimated 2026 earnings</a>, SmartRent looks cheap compared to forecasted 20%+ annual revenue growth and ~30% annual margin expansion over the next four-plus years. With negligible debt and $215 million in cash, execution risk seems modest. Management guides to $260-$290 million revenue in fiscal 2024, marking SmartRent&rsquo;s first year of positive adjusted EBITDA at $5-$8 million.



<h2>Copperleaf Technologies (CPLFF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/10/growthstocks_1600_02-300x169.jpg" alt="Hand of woman watering small plant in pot shaped like growing graph representing growth stocks. Sleeper Growth Stocks"><div>Source: Khakimullin Aleksandr / Shutterstock</div></div>Headquartered in Canada but selling globally, Copperleaf (OTCMKTS:<a href="https://investorplace.com/stock-quotes/cplff-stock-quote/">CPLFF</a>) provides software solutions leveraging operational and financial data to optimize asset investment decisions for organizations managing critical infrastructure assets.



As infrastructure spending booms, particularly in the U.S., Copperleaf is well-positioned to benefit by selling its software services to support better capital allocation. Recent results validate this thesis, with 20%+ annual revenue growth projected moving forward.



While profits have yet to materialize, Copperleaf surprised last quarter, exceeding EPS estimates by 42%. With $88 million in the bank and margins set to inflect positively, I believe profit compounding could ignite multibagger upside &mdash; though more likely beyond 2024 given early phase profitability. Still, long-term business momentum clearly points upward in my view.



<h2>ZOO Digital (ZDGGF)</h2>



<div><img width="300" height="200" src="https://investorplace.com/wp-content/uploads/2018/06/cloudmsn-compressor-300x200.jpg" alt=""><div>Source: Shutterstock</div></div>Offering cloud-localized and digital distribution solutions globally, ZOO Digital (OTCMKTS:<a href="https://investorplace.com/stock-quotes/zdggf-stock-quote/">ZDGGF</a>) enables media content like movies and shows to be adapted for different languages and cultures while managing digital delivery. They also provide complementary software offerings related to those services.



No doubt ZOO Digital&rsquo;s recent stock and financial performance has proven lackluster. However, beyond transient headwinds, I expect a return to healthy growth in the years ahead as profitability initiatives gain hold after the near-term decline. Case in point: ZOO Digital&rsquo;s forecasted 3-year free cash flow and revenue growth rates stand at <a href="https://www.gurufocus.com/stock/ZDGGF/summary">144% and 36.3%</a>, respectively. Trading at just $0.46, shares also look extremely inexpensive relative to $1.60 fair value estimate per GuruFocus. Once macro conditions stabilize, ZOO appears poised to capitalize on long-run, secular growth tailwinds.



On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. 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>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-penny-growth-stocks-to-buy-for-multibagger-gains-this-year/">7 Penny Growth Stocks to Buy for Multibagger Gains This Year</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Penny Growth Stocks to Buy for Multibagger Gains This Year

In a report released yesterday, Paul Treiber from RBC Capital maintained a Buy rating on Copperleaf Tech (CPLFF – Research Report), with a price ta...

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Canaccord Genuity analyst Doug Taylor upgraded the rating on Copperleaf Tech (CPLFF – Research Report) to a Buy yesterday, setting a price target o...

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There's a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Copperleaf Tech (CPLFF – Research Report) and Array ...

Analysts Offer Insights on Technology Companies: Copperleaf Tech (OtherCPLFF) and Array Technologies (ARRY)

Analyst Thanos Moschopoulos of BMO Capital maintained a Buy rating on Copperleaf Tech (CPLFF – Research Report), retaining the price target of C$9....

Buy Rating Affirmed for Copperleaf Tech Amid Strong Q1 Performance and Market Expansion

Analysts have been eager to weigh in on the Technology sector with new ratings on Copperleaf Tech (CPLFF – Research Report), Epam Systems (EPAM – R...