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Enduro Metals Corp is an explorer focused in the heart of British Columbia's Golden Triangle. The company's projects include McLymont, Burgundy, Cuba, and Chachi. It also holds an interest in the Tom Cat Project located southeast of Merritt in south-central British Columbia.

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Enduro Metals Corp

Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) recorded a sharp uptick in hash rate on Sunday after a mining company disclosed that the two coins yielded three times the profit as mining Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) alone.
What happened: Litecoin's hash rate jumped from 1.48 PetaHashes per second to a fresh all-time high of 1.7128 PH/s, marking a 15% spike, <a href="https://www.coinwarz.com/mining/litecoin/hashrate-chart">according </a>to Coinwarz.&nbsp;
Similarly, Dogecoin's hash rate breached the 2.52 PH/s level for the first time on Sunday, before pulling back to 1.58 PH/s at the time of writing.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42382883/ark-invests-cathie-wood-hails-bitcoins-100k-climb-as-a-big-deal-labels-apex-crypto-as-gold-substitute-and-emerging-reserve-currency">Ark Invest&#8217;s Cathie Wood Hails Bitcoin&#8217;s $100K Climb As A &#8216;Big Deal,&#8217; Labels Apex Crypto As Gold Substitute And Emerging Reserve Currency</a>
Why It Matters: As is well known, hash rate is a measure of the computational power used to solve complex cryptographic puzzles in a blockchain network.&nbsp;
Typically, hash rates jump when more miners, i.e., more computers and mining rigs, join a network. This, in turn, could happen when the underlying cryptocurrency's price is high and mining activity becomes more profitable.&nbsp;
According to BitInfoCharts, Litecoin's mining profitability <a href="https://cointelegraph.com/news/bit-mining-dogecoin-litecoin-boosted-mining-profitability">reached </a>a nearly seven-month high of $0.346 for every 1 GigaHash per second of computational power, or hash rate, invested.&nbsp;
Dogecoin's profitability per 1 GH/s unit of hash rate also rose significantly over the last month.
The profitability likely spiked as both LTC and DOGE gained in value in recent weeks. While LTC soared 69% over the month, DOGE grew a whopping 107%.
These readings come amid <a href="https://www.btcm.group/news-detail?id=134193">disclosure </a>by mining company BIT Mining Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) last week that expanding into Litecoin and Dogecoin caused its profits to rise threefold than mining just Bitcoin.
The company said it mined 84,485 LTCs and over 227 million DOGE as of Nov. 27.
Price Action: As of this writing, LTC was trading at $125.91, down 4.46% 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>. DOGE was exchanging hands at $0.4352, down 4.35%.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42382133/amazon-shareholders-propose-adding-bitcoin-to-treasury-for-best-long-term-interest-cite-microstrategy-as-example">Amazon Shareholders Propose Adding Bitcoin To Treasury For &#8216;Best&#8217; Long-Term Interest, Cite Michael Saylor&#8217;s MicroStrategy As Example</a></li>
</ul>
Photo via Shutterstock

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

Cryptocurrency

News

Markets

$BTC

$DOGE

$LTC

BTCM

Litecoin, Dogecoin Record Hash Rate Gains After A Mining Company Reveals 3X Profit Over Bitcoin

<ul>
<li>Scemblix demonstrated sustained superior major molecular response (MMR) vs. all investigator-selected TKIs (74.1% vs. 52%) and vs. imatinib alone (76.2% vs. 47.1%), meeting both ASC4FIRST 96-week key secondary endpoints.</li>
<li>Scemblix showed a clinically relevant 15.1% higher MMR rate vs. second generation (2G) TKIs (72.0% vs. 56.9%).</li>
<li>96-week data extend favorable safety and tolerability profile for Scemblix vs. imatinib and 2G TKIs, with fewer grade ≥3 AEs and less than half the discontinuation rate due to AEs.</li>
</ul>

Biotech

Large Cap

Health Care

General

On Saturday, Novartis Announced Longer-term Results From Phase 3 ASC4FIRST Trial Of Scemblix (Asciminib) Compared To Standard-Of-Care Tyrosine Kinase Inhibitors And Imatinib Alone In Adult Patients With Newly Diagnosed Chronic Myeloid Leukemia

Ascendiant Capital analyst Edward Woo maintains Lucid Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCD#NASDAQ">LUCD</a>) with a Buy and lowers the price target from $7.25 to $7.

Price Target

Analyst Ratings

LUCD

Ascendiant Capital Maintains Buy on Lucid Diagnostics, Lowers Price Target to $7

Ascendiant Capital analyst Edward Woo maintains PAVmed (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAVM#NASDAQ">PAVM</a>) with a Buy and lowers the price target from $21 to $19.

PAVM

Ascendiant Capital Maintains Buy on PAVmed, Lowers Price Target to $19

Elon Musk&#8216;s rocket manufacturing company SpaceX has reportedly bagged a Pentagon contract to expand Ukraine&#8217;s access to Starshield, a version of Starlink designed for government use.
What Happened: Under the contract, 2,500 Starlink terminals in Ukraine will get access to Starshield, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-06/spacex-gets-us-contract-to-expand-ukraine-s-access-to-starshield">reported</a> on Saturday. Earlier, 500 Starlink terminals were connected to Starshield.
Starshield leverages SpaceX&#8217;s Starlink technology and launch capability to support national security efforts. While Starlink is designed for consumer and commercial use, Starshield is designed for government use. 
Both the old contract covering 500 terminals and the new contract covering 2500 will provide service into 2025, the report said. 
The value of the new contract is not known. However, the 500 terminal agreement from U.S. European Command was for roughly US$40 million, the report said.
Why It Matters: Musk&#8217;s Starlink continues to be key to Ukraine&#8217;s military despite the billionaire&#8217;s <a href="https://www.benzinga.com/news/24/02/37062145/elon-musk-denies-use-of-starlink-by-russian-forces-says-no-terminals-sold-directly-or-indirectly">criticism of the war</a>.
U.S. President-elect Donald Trump said during his campaign that he would bring an end to the war between Russia and Ukraine which started in February 2022. Musk is now a close ally of Trump. 
Musk himself has previously slammed the war, terming it a path to Ukraine&#8217;s decline. 
&#8220;Ukraine will most likely decline, because NATO won't let them stop the war yet. That allows Putin to tell the Russian people that he offered peace and it was refused, so there is no choice but to ramp up the war,&#8221; Musk said in May. 
Starlink continues to be used by the military in Ukraine despite Musk saying that it is a commercial system and not a military one. Last month, Musk termed Starlink a &#8220;<a href="https://www.benzinga.com/news/24/05/39015789/elon-musk-reveals-tough-problem-battling-russian-jamming-efforts-on-starlink-amid-ukraine-war-spendi">major factor</a>&#8221; for Russia not overrunning Ukraine. 
&#8220;Starlink is the BACKBONE of Ukrainian military communications at the front lines, because everything else has been blown up or jammed by Russia,&#8221; he then said. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/24/12/42376708/nasa-mission-to-land-humans-on-moon-delayed-artemis-3-now-slated-for-mid-2027" target="_blank" rel="noreferrer noopener">NASA Mission To Land Humans On Moon Delayed: Artemis 3 Now Slated For Mid-2027</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Tech

Elon Musk's SpaceX Gets Pentagon Contract To Extend Ukraine's Access To Starshield: Report

Morgan Stanley analyst Brian Nowak upgrades Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) from Equal-Weight to Overweight and raises the price target from $70 to $200.

Upgrades

RDDT

Morgan Stanley Upgrades Reddit to Overweight, Raises Price Target to $200

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has officially rolled out Apple Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) Watch app, allowing users to transform their watch into a digital key for their vehicle.
What Happened: Tesla has expanded its ecosystem by introducing an official Apple Watch app, offering functions previously accessible only via the Tesla smartphone app or third-party applications.
As of Dec. 3, Apple Watch users can now use their devices to perform a range of actions, including unlocking and locking the car, opening the trunk and frunk (front trunk), checking the battery status, and adjusting the vehicle&#8217;s climate control.
See Also: <a href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti">Apple Had A Hush-Hush Relationship With Tesla&#8217;s Chinese-Rival BYD For Now-Abandoned Car Plans — Cupertino Poured Nearly $1B Each Year For A Decade Into The Project</a>
How To Unlock Tesla Car Using Apple Watch
Step I: Open the App Store on your iPhone and update the Tesla app to the latest version.
Step II: Navigate to the Apple Watch app on your iPhone.
Step III: Scroll down to the &#8220;Available Apps&#8221; section, locate the Tesla app, and tap &#8220;Install.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="How to put the Tesla app on your Apple Watch #tesla #teslamodely #teslauniverse #teslatechnologies￼￼" width="500" height="281" src="https://www.youtube.com/embed/5zhz4rmcvNc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Once installed, the app integrates seamlessly, allowing Tesla owners to control key vehicle functions directly from their wrists.
This update is part of Tesla's broader holiday feature release, which also includes enhancements like remote access to Sentry Mode recordings and navigation improvements.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: Before this update, Tesla owners had to rely on third-party applications like Watch for Tesla to access similar features on their smartwatches.
However, not all Tesla-related wishlist items have been checked off. Tesla owners have long been waiting for Apple CarPlay <a href="https://www.benzinga.com/markets/equities/24/03/37769022/clock-is-ticking-for-apple-as-it-faces-obliteration-in-auto-market-says-gurman-heres-how-cuperti">integration</a> — a feature available in many non-Tesla vehicles.
Despite its demand, CEO Elon Musk has shown no intention of adopting CarPlay, viewing it as possible competition to Tesla's <a href="https://www.benzinga.com/general/gaming/24/02/37196810/elon-musk-opens-up-on-when-tesla-will-make-a-video-game-ive-wanted-to-do-that-for-a-long-time">proprietary infotainment system</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/03/37889544/not-just-the-iphone-doj-is-angry-with-apples-plan-to-dominate-with-carplay-too-heres-why">Not Just The iPhone: DOJ Is Angry With Apple&#8217;s Plan To Dominate With CarPlay Too — Here&#8217;s Why</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

AAPL

TSLA

How To Use Apple Watch As A Digital Key For Your Tesla Car

Apollo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) and Santander today announced that Apollo-managed funds and affiliates have agreed to invest in an approximately $370 million portfolio of infrastructure credit. The transaction was led by Apterra, an affiliate of Apollo founded in 2023 that specializes in innovative financing solutions for infrastructure projects.

Apollo And Santander Collaborate Over $370M Infrastructure Portfolio Financing

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) announced expansion plans in Saudi Arabia, marking a significant step in its Middle East growth strategy. The tech giant will launch its first Arabic-language online store in the summer of 2025, followed by multiple flagship retail locations starting in 2026, according to a company announcement Sunday.
What Happened: CEO Tim Cook highlighted plans for an iconic store in Diriyah, a UNESCO World Heritage site. &#8220;We&#8217;re excited to be expanding here in Saudi Arabia,&#8221; Cook said, emphasizing the company&#8217;s commitment to deepening customer connections in the region.
The expansion builds on Apple&#8217;s existing Saudi presence, including its women-only Developer Academy in Riyadh, launched in 2021 in partnership with the Saudi government and Princess Nourah bint Abdulrahman University. Nearly 2,000 students have completed the academy&#8217;s programming courses.
Why It Matters: The Saudi iOS app economy has shown remarkable growth, with developer earnings surging over 1,750% since 2019. Apple&#8217;s investment in the kingdom exceeds 10 billion Saudi Riyals ($2.66 billion) over the past five years.
Recent developments include Riyadh becoming the first Middle Eastern city to implement Apple Pay&#8217;s Express Mode for metro transit, joining over 250 global cities with Apple Pay transit integration.
Price Action: Apple stock closed at $242.84, down 0.08% on Friday. Year-to-date, the stock has surged by 30.81%.
According to <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">data from Benzinga Pro</a>, Apple&#8217;s consensus price target is $242.26 from 31 analysts, ranging from a high of $300 to a low of $180. Recent ratings from Wedbush, Morgan Stanley, and Maxim Group average $262.67, indicating an 8.40% potential upside.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/09020933/Screenshot-2024-12-09-at-12.38.35%E2%80%AFPM-1024x381.png" alt="" class="wp-image-682472" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42382883/ark-invests-cathie-wood-hails-bitcoins-100k-climb-as-a-big-deal-labels-apex-crypto-as-gold-substitute-and-emerging-reserve-currency">Ark Invest&#8217;s Cathie Wood Hails Bitcoin&#8217;s $100K Climb As A &#8216;Big Deal,&#8217; Labels Apex Crypto As Gold Substitute And Emerging Reserve Currency</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Global

Apple Expands Retail Footprint In Saudi Arabia With Online Store Launch, Plans Multiple Flagship Locations

<ul>
<li>Submission supported by MATINEE data showing a significant and clinically meaningful reduction in annualized rate of moderate/severe exacerbations compared with placebo.</li>
<li>Nucala could be the first approved biologic with monthly dosing for patients with COPD.</li>
<li>COPD affects more than 14 million people in the US with estimates of 500,000 hospitalizations and up to 1.3 million emergency department visits each year.</li>
</ul>

The FDA Has Accepted For Review GSK's Nucala (Mepolizumab) As An Add-on Maintenance Treatment For Patients With Chronic Obstructive Pulmonary Disease With An Eosinophilic Phenotype, With Prescription Drug User Fee Act Date Is 7 May 2025

ROCL

Reported Friday, New Era Helium Finalizes Business Combination, Set To Begin Nasdaq Trading Under Ticker Symbols NEHC And NEHCW

Paul Gambles&nbsp;from&nbsp;MBMG Family Office Group&nbsp;has openly criticized&nbsp;Donald Trump&#8216;s proposed tariff policies. Gambles argues that these tariffs could potentially harm the competitive advantage of the United States.
What Happened: Gambles described Trump&#8217;s statements on tariffs as &#8220;completely and utterly wrong&#8221; while appearing at <a href="https://www.cnbc.com/video/2024/12/09/everything-trump-said-about-tariffs-is-completely-and-utterly-wrong-strategist.html">CNBC&#8217;s</a> &#8220;Streets Signs Asia&#8221; on Monday. He emphasized that the U.S. is already extracting significant value from the global economy, and Trump&#8217;s proposed tariffs could dismantle this advantage.&nbsp; Gambles warned that the tariffs, as envisioned by Trump, represent a detrimental move for the U.S. economy.
&#8220;But the good thing is we don&#8217;t think they are going to do anything like the extent that Trump is pontificating.&#8221;
He also predicted significant market volatility in the upcoming year due to the tariff discussions. 
See Also:&nbsp;<a href="https://www.benzinga.com/24/12/42359072/sundar-pichai-takes-a-jab-at-microsofts-ai-efforts-theyre-using-someone-elses-models-doubling-down-on-googles-innovation-power?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Google CEO Sundar Pichai Fires Back At Microsoft Over AI, Dismisses Satya Nadella&#8217;s Criticism: &#8216;I Would Love To Do A Side-By-Side Comparison&#8230;Any Day, Any Time&#8217;</a>
Why It Matters: The criticism from Gambles comes amid broader concerns about Trump&#8217;s tariff plans. Trump&#8217;s promise to impose <a href="https://www.benzinga.com/personal-finance/24/12/42367505/economists-warn-trumps-tariffs-on-canada-mexico-and-china-could-hurt-your-budget-more-than-help-it">25% tariffs on goods </a>from Canada, Mexico, and even higher on China has sparked debates among economists, trade experts, and consumers. These tariffs, intended to address issues like illegal immigration and drug trafficking, could lead to higher costs for American households, particularly for essential items such as groceries, housing, and cars.
Goldman Sachs also predicts that Trump&#8217;s <a href="https://www.benzinga.com/24/12/42291861/trumps-tariff-plan-risks-economic-pain-for-north-america-goldman-sachs-warns">aggressive tariff proposal </a>could wreak havoc on North America&#8217;s economies, with potential GDP contractions for Canada and Mexico by as much as 4%, and a 0.4% contraction for the U.S. GDP. The economists noted that a significant increase in tariffs on North American imports would entail substantial economic costs, especially for Canada and Mexico.
Price Action: As of Monday 3:50 AM, <a href="https://pro.benzinga.com">Benzinga Pro</a> data reveals that SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 1.51% in the past month post Trump&#8217;s victory while Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 2.46% around the same time frame.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42381907/bitcoin-ethereum-dogecoin-reverse-after-advances-btc-records-historic-weekly-close-while-analyst-paints-6k-target-for-eth?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Reverse After Advances: BTC Records Historic Weekly Close While Analyst Paint</a></li>
</ul>
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.
Image via Wikimedia Commons

Analyst Color

Expert Slams Trump's Tariff Policies As 'Completely And Utterly Wrong' But Says 'We Don't Think They Are Going To Do Anything...'

<ul>
<li>Petosemtamab in combination with pembrolizumab in 1L r/m PD-L1 expressing HNSCC ongoing with clinical data update planned for 2025</li>
<li>Petosemtamab in mCRC evaluation expanded to include 1L and 3L+; initial clinical data planned for 2025</li>
</ul>

MRUS

Reported Saturday, Merus Unveils Clinically Meaningful Activity For Petosemtamab In 2L+ R/M HNSCC And Expands Evaluation In mCRC

JinkoSolar has been awarded over 2,800 issued patents, with a proprietary portfolio that includes 462 industry-leading patents related to N-type TOPCon technology, one of the highest numbers of TOPCon patents in the industry.&nbsp;
"JinkoSolar has earned its leadership position in the global solar module market through significant R&amp;D investments and will vigorously defend its intellectual property against those who sell infringing products," said Louise Lu, a patent litigation lawyer with the Perkins Coie law firm.

Reported Saturday, JinkoSolar Files Patent Infringement Lawsuit Against VSUN Solar And Affiliates Over Proprietary N-Type TOPCon Technology

<ul>
<li>ASH data reinforce survival benefits of front-line AYVAKIT&#xAE; (avapritinib) use in patients with advanced SM</li>
<li>Bone density analyses reported in patients with advanced SM underscore disease-modifying effects of AYVAKIT</li>
</ul>

BPMC

Reported Saturday, Blueprint Medicines Showcases AYVAKIT'S Survival Benefits And Disease-Modifying Effects In Advanced Systemic Mastocytosis At ASH 2024

<ul>
<li>82% ORR (27 of 33 pts) and 48% CR/CRh (16 of 33 pts) in SAVE trial studying revumenib in combination with venetoclax and decitabine/cedazuridine in R/R AML –</li>
<li>64% ORR (62 of 97 pts) and 23% CR/CRh (22 of 97 pts) with high rates of MRD negativity and ability to proceed to HSCT in expanded dataset of Ph 2 R/R KMT2Ar acute leukemia patients in AUGMENT-101 –</li>
<li>Responses were rapid, durable and observed across all major subgroups in expanded dataset of Ph 2 R/R KMT2Ar acute leukemia patients in AUGMENT-101 –</li>
<li>Latest data highlight the compelling clinical profile of revumenib and support advancement into combination trials in the frontline setting –</li>
</ul>

SNDX

Reported Saturday, Syndax's Revuforj (revumenib) Achieves High Response Rates In Acute Leukemia Trials, Presents Compelling Data At ASH 2024

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk mocked short sellers of the stock on Sunday after it <a href="https://www.benzinga.com/24/12/42382665/tesla-stock-hits-400-in-overnight-trading-nears-all-time-high-amid-analyst-upgrades-and-fsd-optimism">breached $400 on Robinhood&#8217;s overnight trading service.</a>
What Happened: &#8220;TSLA shorts reciting Litany Against Fear rn,&#8221; Musk said in a post on social media platform X. &#8220;Litany against fear&#8221; refers to the recital that features in the 1965 science fiction novel Dune by Frank Herbert that starts with &#8220;Fear is the mind-killer.&#8221;
<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">TSLA shorts reciting Litany Against Fear rn &#x1f602;
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1865975311164141722?ref_src=twsrc%5Etfw">December 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tesla stock closed up 5.34% at $389.22 on Friday and rose another 1.4% after hours. The stock is currently trading at over $400 in overnight trading on Robinhood possibly owing to price target hikes by multiple analysts over the past week and optimism about the company achieving vehicle autonomy with future versions of its full self-driving driver assistance software.
Tesla recently released version 13.2 of the technology, deemed by BofA Securities Senior Automotive Analyst John Murphy to be &#8220;incredibly impressive.&#8221;
"It was incredibly good through some very challenging scenarios. That was incredibly impressive," Murphy said about his ride in a Model Y equipped with version 13.2 of the software. 
Why It Matters: Roth MKM&nbsp;analyst&nbsp;Craig Irwin, who was bearish on Tesla for a long time,&nbsp;<a href="https://www.benzinga.com/24/12/42285783/tesla-bear-craig-irwin-turns-bullish-increases-price-target-from-85-to-380" target="_blank" rel="noreferrer noopener">raised&nbsp;the EV company's price target</a>&nbsp;by 347% from $85 to $380 and upgraded the rating to a &#8220;buy&#8221; from &#8220;neutral&#8221; last Monday. 
&#8220;I don&#8217;t see very many negative catalysts… There are abundant positive catalysts… Bias is now to the upside, not the downside. The market cap may be huge… but they are doing big things," Irwin then said.
Overall, analysts have a consensus rating of "Buy" on the Tesla stock, with the highest price target being $411. The most recent analyst ratings by Guggenheim, B of A Securities, and Roth MKM have an average price target of $318.33, implying a 13.8% downside.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/tsla/analyst-ratings"><img loading="lazy" decoding="async" width="473" height="354" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06043838/Tesla-stock-ratings.jpg" alt="" class="wp-image-680218" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06043838/Tesla-stock-ratings.jpg 473w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06043838/Tesla-stock-ratings-300x225.jpg 300w" sizes="(max-width: 473px) 100vw, 473px" /></a></figure>
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/space/24/12/42376708/nasa-mission-to-land-humans-on-moon-delayed-artemis-3-now-slated-for-mid-2027" target="_blank" rel="noreferrer noopener">NASA Mission To Land Humans On Moon Delayed: Artemis 3 Now Slated For Mid-2027</a></li>
</ul>
Photo courtesy: Shutterstock

Elon Musk Mocks Tesla Shorts After Stock Hits $400 In Overnight Trading On Robinhood

<h3>Companies Reporting Before The Bell</h3>
• Rent the Runway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENT#NASDAQ">RENT</a>) is likely to report quarterly loss at $4.45 per share on revenue of $76.05 million. 
• VersaBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBNK#NASDAQ">VBNK</a>) is projected to report quarterly earnings at $0.41 per share on revenue of $29.20 million. 
• Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) is estimated to report quarterly earnings at $0.27 per share on revenue of $366.41 million. 
<h3>Companies Reporting After The Bell</h3>
• Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) is projected to report quarterly earnings at $4.27 per share on revenue of $4.02 billion. 
• Toll Brothers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) is estimated to report quarterly earnings at $4.34 per share on revenue of $3.17 billion. 
• MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) is likely to report quarterly earnings at $0.69 per share on revenue of $495.72 million. 
• Vail Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTN#NYSE">MTN</a>) is likely to report quarterly loss at $4.98 per share on revenue of $251.62 million. 
• Genasys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GNSS#NASDAQ">GNSS</a>) is projected to report quarterly loss at $0.11 per share on revenue of $9.03 million. 
• Phreesia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHR#NYSE">PHR</a>) is projected to report quarterly loss at $0.29 per share on revenue of $106.00 million. 
• HealthEquity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HQY#NASDAQ">HQY</a>) is expected to report quarterly earnings at $0.72 per share on revenue of $290.00 million. 
• Amtech Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASYS#NASDAQ">ASYS</a>) is projected to report quarterly earnings at $0.01 per share on revenue of $23.75 million. 
• Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) is likely to report quarterly earnings at $1.48 per share on revenue of $14.11 billion. 
• Braze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) is projected to report quarterly loss at $0.01 per share on revenue of $148.19 million. 
• Yext (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YEXT#NYSE">YEXT</a>) is projected to report quarterly earnings at $0.12 per share on revenue of $113.21 million. 
• C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) is expected to report quarterly loss at $0.16 per share on revenue of $91.02 million. 
• Planet Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) is likely to report quarterly loss at $0.04 per share on revenue of $63.12 million. 
• Oil-Dri Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ODC#NYSE">ODC</a>) is projected to report earnings for its first quarter. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For December 9, 2024

President-elect Donald Trump&#8216;s victory has fueled a rally in equities. This is likely to sustain as the <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">administration plans</a> on &#8220;tax cuts and deregulation will lead to higher corporate earnings,&#8221; said Yogesh Kansal, chief business officer at fintech company, Appreciate. He added that highly regulated sectors like oil and gas will benefit under Trump&#8217;s administration.
What Happened: While tax cuts and deregulation are positive for the stock markets, the Trump administration&#8217;s take on immigration and <a href="https://www.benzinga.com/24/11/42178994/trump-says-he-will-impose-25-tariffs-on-canada-mexico-on-first-day-of-office-and-extra-tariffs-on-china-until-they-pay-attention">higher tariffs</a> have an opposing effect on the markets.
As per Kansal, with the deportation of immigrants, &#8220;the cost of labor will go up for all companies, which basically means the profitability of companies will go down.&#8221; Additionally, he said that with tariffs, the &#8220;stock prices could be lower&#8221; because of a shift in &#8220;global demand&#8221;.
Morgan Stanley, in its note dated Dec. 3, also cautions that concerns over trade tariffs, immigration policies, fiscal sustainability, and how the scope and timing of new policies may constrain the broader economic outlook. The global financial services firm anticipates growth and innovation, particularly in the technology and natural gas sectors.
See Also: <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">Donald Trump&#8217;s Win Positive For Financials, Energy Sector As &#8216;Pro-Growth Effects Will Outweigh Inflationary Pressures,&#8217; Says Analyst</a>
Why It Matters: According to Kansal, highly regulated industries like &#8220;energy, oil and gas, health care, and banking will be seeing tailwinds&#8221; because of the deregulation attempts.
Invesco S&amp;P 500 Equal Weight ETF (ACRA: RSP) has risen by 17.3% on a year-to-date basis. While, the iShares Russell 1000 Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWD#NYSE">IWD</a>) and Vanguard High Dividend Yield Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VYM#NYSE">VYM</a>) advanced by 18.56% and 18.96%, respectively, in the same period, underperforming the S&amp;P 500 on a year-to-date basis, which has grown by 28.41% in the same period.
On the other hand, ProShares S&amp;P 500 Ex-Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXE#NYSE">SPXE</a>) grew by 28.85% year-to-date, outperforming the index.
Other analysts have also said that Trump&#8217;s victory will lead to a boom in the energy sector. <a href="https://www.benzinga.com/24/11/42158682/donald-trumps-win-positive-for-financials-energy-sector-as-pro-growth-effects-will-outweigh-inflationary-pressures-says-analyst">According to</a> Mario Georgiou, CFA and executive director, head of investments at InCred Global Wealth U.K., "deregulation supporting oil production and geopolitical risks could sustain elevated oil prices and relative valuations are attractive."
Even though the energy sector has underperformed the broader markets in 2024, "fundamentally, companies are shareholder friendly with 8-12% shareholder yields, have strong balance sheets with low net debt to EBITDA ratios and high free cash flow yields of 6.50% and above," he adds.
As per Morgan Stanley, the energy sector faces a divided future. Trump&#8217;s deregulation could benefit traditional energy, but the outlook for oil is uncertain due to potential oversupply and weak global demand, especially from China. In contrast, natural gas may see growth from strong European demand and increased domestic use for electrification and AI-powered data centers. The clean energy sector could face challenges, if Trump rollbacks Biden&#8217;s 2022 Inflation Reduction Act tax credits. However, a full repeal seems unlikely due to the benefits for Republican states.
Kansal, on the other hand, was also positive about the technology sector given the rise in the A-I frenzy. &#8220;The biggest factor that is driving the U.S. stock market right now is AI. There&#8217;s a lot of activity, lots of investment that has gone in because of the expectation of AI increasing productivity,&#8221; he said.
However, Georgiou said, &#8220;Rising bond yields increase the discount rate applied to future earnings, disproportionately affecting high-growth sectors like technology. We therefore prefer higher quality tech companies, avoiding highly leveraged, unprofitable tech stocks. This does not make us underweight Technology, as there are sufficient high-quality companies in this sector to make up the allocation with.&#8221;
Major AI payers in the U.S. stock markets include Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a 195.7% year-to-date gain and Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) with stock gains of 19.6% in the same period.
Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) rose by 51.42% and 26.46% year-to-date, respectively. &#8220;So I think in the next 12 months, software as well as hardware, technology industries will do well including FAANG stocks and Nvidia,&#8221; Kansal added.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42134031/markets-got-it-wrong-after-elections-prospects-of-tariffs-not-good-for-equities-vs-dollar-says-ex-goldman-sachs-analyst" target="_blank" rel="noreferrer noopener">Markets Misread Trump Win, Says Ex-Goldman Sachs Analyst: ‘Prospects Of Tariffs Not Good For Equities'</a></li>
</ul>
Photo courtesy: Shutterstock

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Trump's Deregulation Efforts To Benefit Energy, Oil And Gas Sectors, While AI Frenzy Will Boost FAANG Stocks And Nvidia, Says Fintech Insider

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Reported Saturday, Adaptive Biotechnologies Presented New Data at ASH 2024 Showcasing clonoSEQ MRD Testing Advances And Its Role In Guiding Blood Cancer Treatment Decisions

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