Latest News for Firefinch Stock (OTC:EEYMF)

Firefinch Ltd is an Australia-based mineral exploration company. It operates in three segments: Morila, which includes mining, development, and exploration activities at the Morila Gold Project; Mali Exploration segment is into Lithium and gold exploration and evaluation activities in Mali; and Corporate.

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Firefinch Ltd

McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) is set to release earnings results for its first quarter before the <a href="https://www.benzinga.com/quote/MCD/earnings">opening bell on April 30</a>.
Analysts expect the Chicago, Illinois-based company to report quarterly earnings at $2.72 per share, up from $2.63 per share in the year-ago period. McDonald&#8217;s is projected to report quarterly revenue of $6.16 billion, up from $5.9 billion in the year-earlier quarter, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
McDonald's recently announced that it will be repurchasing all its franchises in Israel. This move comes amidst ongoing tensions in the Middle East, which have had a significant impact <a href="https://www.benzinga.com/news/24/04/38106301/mcdonalds-to-buy-back-all-225-israeli-restaurants-amid-middle-east-tensions">on the company's business.</a>
McDonald&#8217;s shares rose 0.2% to close at $273.55 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst 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/MCD/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Wedbush analyst Nick Setyan maintained an Outperform rating and cut the price target from $330 to $300 on April 26. This analyst has an accuracy rate of 82%.</li>
<li>Citigroup analyst Jon Tower maintained a Neutral rating and slashed the price target from $312 to $297 on April 16. This analyst has an accuracy rate of 76%.</li>
<li>TD Cowen analyst Andrew Charles maintained a Buy rating and reduced the price target from $325 to $305 on April 12. This analyst has an accuracy rate of 74%.</li>
<li>Stifel analyst Chris O'Cull maintained a Hold rating and cut the price target from $315 to $300 on April 11. This analyst has an accuracy rate of 70%.</li>
<li>UBS analyst Dennis Geiger maintained a Buy rating and lowered the price target from $340 to $335 on April 5. This analyst has an accuracy rate of 73%.</li>
</ul>
Read This Next:<a href="https://www.benzinga.com/news/24/04/38489087/jim-cramer-likes-palantir-recommends-pioneer-natural-resources-i-want-you-to-ka-ching-ka-ching"> Jim Cramer Likes Palantir, Recommends Pioneer Natural Resources: &#8216;I Want You To Ka-Ching, Ka-Ching&#8217;</a>

Earnings

Price Target

Pre-Market Outlook

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

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Econ #s

Economics

Reported Earlier, China Caixin Manufacturing Purchasing Managers Index For April 51.4 Vs. 51 Est.; 51.1 Prior

Reported Earlier, China Non-Manufacturing Purchasing Managers Index For April 51.2 Vs. 52.3 Est.; 53.0 Prior

Reported Earlier, China Manufacturing Purchasing Managers Index For April 50.4 Vs. 50.3 Est.; 50.8 Prior

Reported Earlier, China Composite Purchasing Managers' Index For April 51.7 Vs. 52.7 Prior

Tesla and SpaceX CEO Elon Musk&nbsp;has <a href="https://www.benzinga.com/news/24/03/38012210/elon-musk-slams-mark-zuckerbergs-meta-for-falsely-taking-credit-for-x-sales-after-facebook-instagram">once again accused</a>&nbsp;Mark Zuckerberg-led Meta Platforms, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) for taking&nbsp;credit for traffic that actually&nbsp;originates from his social media platform, X, formerly Twitter.
What Happened: Musk&#8217;s comments came in response to a post by&nbsp;DogeDesigner, a graphic designer at&nbsp;Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), who highlighted a lawsuit against Meta&nbsp;in Japan. The lawsuit alleges&nbsp;financial losses due to Meta&#8217;s&nbsp;failure to verify the authenticity&nbsp;of ads. 
DogeDesigner suggested that X&#8217;s platform ensures that even <a href="https://www.benzinga.com/news/23/12/36062965/elon-musk-once-again-hails-x-as-the-best-source-of-truth-after-biden-gets-community-noted-over-infla">paid ads are fact-checked</a> by Community Notes, although this feature is not 100% reliable considering its history with <a href="https://www.benzinga.com/news/23/10/35212510/elon-musks-x-community-notes-is-wrong-graphic-hamas-video-shared-by-trump-jr-is-actually-real-report" target="_blank" rel="noreferrer noopener">erroneously flagging a graphic video</a> shared by Donald Trump Jr. 
Musk himself spoke about community notes <a href="https://twitter.com/elonmusk/status/1761881852833419771">failing</a> in one instance earlier this year, when he expressed <a href="https://www.benzinga.com/news/24/02/37304788/elon-musk-buys-a-new-windows-pc-fears-signing-in-will-give-microsoft-ai-access-to-his-computer-this">dissatisfaction with a newly purchased</a> Windows PC laptop, which didn&#8217;t let me access it until after creating an account with Microsoft. On his post, the note read, &#8220;It is still possible to set up the latest version of Windows without a Microsoft account.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/04/38480373/musk-vs-moskovitz-rages-on-as-tesla-ceo-trolls-facebook-co-founders-company-why-would-anyone-pay-mon?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Vs. Moskovitz Rages On As Tesla CEO Trolls Facebook Co-Founder&#8217;s Company: &#8216;Why Would Anyone Pay Money For Functionality That Comes For Free On Your Phone?&#8217;</a>
Musk responded to DogeDesigner saying,&nbsp;&#8220;Unfortunately, Meta/Facebook/Instagram is highly skilled&nbsp;at taking advertising credit for&nbsp;traffic that actually comes from&nbsp;our platform (sigh).&#8221; 
<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">Unfortunately, Meta/Facebook/Instagram is highly skilled at taking advertising credit for traffic that actually comes from our platform (sigh) <a href="https://t.co/Cunw2KDUB7">https://t.co/Cunw2KDUB7</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1785033150172651599?ref_src=twsrc%5Etfw">April 29, 2024</a></blockquote>
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This is not the first time Musk has criticized Meta for advertisement credit. In March earlier this year, the tech billionaire alleged that Meta &#8220;falsely&#8221; took credit for sales that originated from X, after advertisers filed <a href="https://www.benzinga.com/news/24/03/37885090/mark-zuckerberg-led-meta-faces-class-action-lawsuit-over-alleged-misrepresentation-of-facebook-insta">a $7 billion lawsuit</a> against Meta&#8217;s Facebook and Instagram. 
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Meta did not immediately respond to <a href="https://pro.benzinga.com/dashboard">Benzinga&#8217;s</a> request for comments. 
Why It Matters: Meta has been facing a series of challenges in its advertising system. Seizing the opportunity, Musk&nbsp;<a href="https://www.benzinga.com/news/24/04/38216195/elon-musk-asks-advertisers-to-return-to-x-after-months-of-tussle-with-disney-apple-and-others-as-zuc">invited advertisers to return to X</a>&nbsp;earlier this month, amid reports of significant issues in Meta&#8217;s advertising system, which led to higher ad campaign costs, poorer results, and reduced sales for marketers.
Meta has also been&nbsp;<a href="https://www.benzinga.com/news/24/04/38194784/elon-musk-mocks-facebook-again-likens-its-links-to-aol-email-address-as-zuckerbergs-meta-struggles-w">struggling with ad glitches</a>, which led to Musk likening sharing a Facebook link to using an AOL email address. This was another instance of Musk taking a jab at Meta&#8217;s advertising system.
Previously, the tech mogul has also expressed opinions <a href="https://www.benzinga.com/news/23/12/36381479/elon-musk-reacts-to-the-report-that-claims-more-than-a-million-seek-how-to-delete-instagram-every-mo">regarding the credibility of Meta&#8217;s</a> social media platforms and its influence on users&#8217; mental well-being. 
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:&nbsp;<a href="https://www.benzinga.com/news/24/04/38477795/elon-musks-prediction-for-domestic-robots-mark-zuckerbergs-massive-1b-bet-on-nvidia-gpus-and-more-th?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk's Prediction For Domestic Robots, Mark Zuckerberg's Massive $1B Bet On Nvidia GPUs And More: This Week In AI</a>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Social Media

Tech

$DOGE

While Mark Zuckerberg-Led Meta Battles Advertiser Complaints, Elon Musk Continues To Thrash Facebook, Instagram For Allegedly Stealing 'Credit For Traffic'

Reported Earlier, Australia Retail Sales (MoM) For March -0.4% Vs. 0.2% Est.; 0.2% (Revised) Prior

BBJP

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Reported Earlier, Japan Industrial Production (MoM) Preliminary For March 3.8% Vs. 3.4% Est.; -0.6% Prior

On Monday, Cathie Wood&#8217;s Ark Invest made significant trades, notably in Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
The PLTR Trade
Ark Invest, through its ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>), acquired 203,197 shares of Palantir. Based on the closing price of $22.83 on the same day, the value of the trade is approximately $4.6 million. This move comes <a href="https://www.benzinga.com/markets/equities/24/04/38477354/cathie-woods-ark-invest-hoards-palantir-stock-ahead-of-q1-earnings-adds-more-of-this-buffett-bac">ahead of Palantir&#8217;s Q1 earnings report</a>, scheduled for May 5, 2024. Analysts expect the company to report earnings per share of 8 cents on revenue of $625.33 million, representing an increase from the previous quarter.
The META Trade
Ark Invest also showed interest in Meta Platforms buying shares across multiple ETFs. The Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) fund acquired 922 shares, ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) bought 5893 shares, and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) added 3000 shares. The total purchase, calculated from the closing price of $432.62, amounts to approximately $4.2 million. This comes after the Mark Zuckerberg-led company reported <a href="https://www.benzinga.com/news/earnings/24/04/38416273/meta-platforms-q1-earnings-highlights-facebook-owner-beats-estimates-but-guidance-higher-costs-ding">first-quarter revenue</a> of $36.45 billion, up 27% year-over-year and beating the Street consensus estimate of $36.16 billion.
Other Key Trades:
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38475783/bitcoin-faces-second-danger-zone-as-analyst-warns-of-potential-downside-heres-what-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Faces &#8216;Second Danger Zone&#8217; As Analyst Warns Of Potential Downside: Here&#8217;s What To Expect</a> 
<ul>
<li>Ark Invest sold shares of Teladoc Health Inc (TDOC) from its ARKK fund and shares of 2U Inc (TWOU) were sold from the ARKK fund. </li>
<li>The ARKQ fund sold shares of Kratos Defense and Security Solutions Inc (KTOS). Ark Invest bought shares of Advanced Micro Devices Inc (AMD) for its ARKQ fund.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/government/24/04/38488235/supreme-court-drivers-hauling-baked-goods-are-in-transportation-not-baking?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Supreme Court: Drivers Hauling Baked Goods Are in Transportation, Not Baking</a>
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PLTR

Cathie Wood's Ark Invest Scoops Up Over $4M Worth Of Palantir, Meta Platforms Shares

A new exchange-traded fund (ETF) is set to launch, offering investors a unique proposition of &#8220;100% downside protection&#8221; to the stock market, but with a few conditions.
What Happened: The Calamos S&amp;P 500 Structured Alt Protection ETF – May will be introduced on Wednesday under the ticker symbol &#8220;CPSM,&#8221; <a href="https://www.calamos.com/about/news/press-releases/2024/calamos-targets-capital-protected-industry-with-12-new-etfs/">according</a> to the press release. 
The ETF is designed to provide investors who purchase it on its first day of issuance with 100% protection to the S&amp;P 500 over a one-year period.
However, this protection comes with a trade-off. The ETF will also cap investors&#8217; upside gains to the S&amp;P 500 at a range of 9.20% to 9.65%. The cap is determined by a package of options positions that expire on the same day, one year from the purchase date.
&#8220;These are a package of options positions all customized to expire on the same day, one-year from now that can deliver the upside to a cap, there&#8217;s no free lunch here, so a cap of right around 9.65% is what we&#8217;re seeing now, with 100% protection over the next 365 days,&#8221; Calamos&#8217; head of ETFs Matt Kaufman told CNBC on Monday.
For investors to secure the 100% downside protection, they must buy the ETF on its first day of issuance. Purchases made after May 1 will offer a lower level of downside protection, depending on option prices.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38478293/shiba-inus-burn-rate-soars-cathie-wood-believes-ethereum-could-catch-up-to-bitcoin-and-mor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s Burn Rate Soars, Cathie Wood Believes Ethereum Could Catch Up To Bitcoin And More: Top Crypto</a>
When comparing anticipated returns of CPSM, some ETFs stand out. For instance SPDR S&amp;P 500 Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), currently trading at $510, boasting a one-year return of 27.48%. Similarly, the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>), priced at $512.59, has shown a one-year return of 27.66%. Notably, the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>), trading at $468.84, has delivered a one-year return of 27.70%, according to the data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Why It Matters: The introduction of this unique ETF comes at a time when the stock market is experiencing a series of unexpected turns. Economists at Macquarie recently <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38508875/another-rate-hike-coming-in-2024-macquarie-economists-reverse-forecast-warn-of-incr">revised their predictions for interest rates</a>, suggesting a potential hike. This shift is driven by signs of inflation rebounding and a resilient U.S. economy.
Despite these changes, the stock market&#8217;s long-term bull rally is expected to continue, with the S&amp;P 500 potentially surging by 34% by the end of 2026, according to <a href="https://www.benzinga.com/markets/equities/24/03/37926504/stock-market-could-rally-another-34-by-2026-says-bank-of-america">Bank of America&#8217;s technical strategist</a>, Stephen Suttmeier.
However, not all experts share this optimistic outlook. Paul Dietrich, the chief investment strategist at B. Riley Wealth, has <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37979729/stock-market-bizarrely-overvalued-warns-expert-every-single-indicator-tell-us-were-">warned of a major correction</a> in the stock market, pointing to indicators signaling a historic bubble.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38475783/bitcoin-faces-second-danger-zone-as-analyst-warns-of-potential-downside-heres-what-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin Faces &#8216;Second Danger Zone&#8217; As Analyst Warns Of Potential Downside: Here&#8217;s What To Expect</a>
Image Via Shutterstock 
This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

New ETFs

Global

There's A New ETF Tracking S&P500 That Offers '100% Downside Protection' But Here's The Catch

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Latest News for Firefinch Stock (OTC:EEYMF)

Tuesday, August 20, 2019

Thursday, August 15, 2019

Wednesday, August 14, 2019

Tuesday, August 13, 2019