Emera (OTC:ERRAF) Stock, Quote.Headers.trade-ideas

Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.

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Alterity Therapeutics Limited - American Depositary Shares

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BrightSphere Investment Group plc Ordinary Shares

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Stocks That Fell Through 52-Week Lows Wednesday

Emera Inc

Craig-Hallum analyst Greg Palm maintains Faro Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARO#NASDAQ">FARO</a>) with a Buy and raises the price target from $30 to $33.

Price Target

Analyst Ratings

FARO

Craig-Hallum Maintains Buy on Faro Technologies, Raises Price Target to $33

RBC Capital analyst Arun Viswanathan reiterates Chemours (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>) with a Outperform and maintains $25 price target.

Reiteration

RBC Capital Reiterates Outperform on Chemours, Maintains $25 Price Target

B of A Securities analyst Craig Bijou reinstates Bausch &amp; Lomb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NYSE">BLCO</a>) with a Underperform and announces $18 price target.

Initiation

BLCO

B of A Securities Reinstates Underperform on Bausch & Lomb, Announces $18 Price Target

UBS analyst Karl Keirstead maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Neutral and lowers the price target from $550 to $525.

ADBE

UBS Maintains Neutral on Adobe, Lowers Price Target to $525

Good Morning Traders! In today&#8217;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#8217;s pulse to optimize your trading gains. Now, let&#8217;s dive into the stock analysis:
SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)
SPY is currently trading near our key level of 606.34. For bullish momentum to sustain, we'd like to see buyers push the price to 607.55 and hold this level as support. If 607.55 holds steady, we anticipate further buying pressure could propel the price toward 608.35. Continued bullish action may test the next resistance at 609.33, with 610.63 as the high bull target for the session.
On the flip side, if 606.34 fails to act as support, bears may aim to test the 605.41 level. A break below 605.41 could invite selling pressure, targeting 604.45. If sellers dominate and push lower, 603.38 becomes the next key support. In the case of a strong selloff, the low bear target for today is 602.37.
Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)
The QQQ is auctioning around 528.44, our critical level for today. A firm hold above 528.44 could trigger bullish activity, aiming to reclaim 530.70 as a new support zone. With buying strength intact, we expect the price to climb toward 532.52. If the uptrend remains strong, bulls might look to test 533.70, with a potential move to the high bull target of 535.30.
However, if the 528.44 level shows weakness, bears may seize the opportunity to drive the price lower to 527.03. A breakdown below this level could see selling intensify toward 525.19. Persistent selling pressure might further target 523.91, with a drop to 522.57 marking the session's low bear target.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
Apple is trading near 246.72, a pivotal level for the day. A bullish stance requires holding 246.72 as support, which could enable a move to 248.12. Sustained upward momentum may bring 249.04 into focus, potentially setting up a test of 250.39, our high bull target for the session.
Should 246.72 fail as a support, we expect bears to press lower to 245.58. If selling persists, 244.45 becomes the next likely target. Continued weakness could lead to a test of 243.57, with the low bear target for Apple today set at 242.83.
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)
Microsoft is currently positioned around 446.33, a crucial level to monitor. Bulls need to secure a hold above 446.33 to establish support and push the price toward 448.18. If this level is reclaimed, we could see further upside action targeting 450.26, with the high bull target sitting at 453.02 for today's session.
Conversely, a failure at 446.33 may lead to bearish pressure driving the price to 444.95. A breach of this support could pave the way for a drop to 442.95. If sellers remain active, the next test is at 441.34, with the low bear target for Microsoft resting at 438.72.
NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) NVIDIA is trading near 138.55, a significant level for the bulls to defend. A move above this level could see buyers driving the price to 139.42 and solidifying this zone as support. With momentum, the price could ascend to 140.28, potentially testing 141.21, with 142.35 as the high bull target.
Should 138.55 give way, sellers are likely to target 137.94. Continued bearish activity may test 136.98, and if weakness prevails, we anticipate a further move to 135.64. The low bear target for NVIDIA today stands at 134.56.
Alphabet Inc Class A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)
Alphabet is hovering around 196.25, a critical level for today's action. Bulls will aim to maintain 196.25 as support to drive the price toward 196.97. If momentum builds, we expect a climb to 197.79, marking the high bull target for the day.
If 196.25 breaks as support, bears may take the price down to 195.41. A breach here could prompt further selling to 194.34, with heavy downside pressure potentially targeting 193.14 as the low bear target.
Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
Meta is currently auctioning near 635.49, a key level for bullish continuation. Buyers will want to hold above 635.49 and aim for 642.59. If this level is surpassed, a strong rally may bring 646.48 into play, with the high bull target at 650.56.
On the downside, failure to hold 635.49 could result in selling pressure testing 629.88. If bears remain aggressive, we anticipate a move to 622.01. Sustained downside action could push Meta to a low bear target of 615.65.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla is trading near 426.23, a level pivotal for today's bullish outlook. Buyers need to reclaim 431.50 and establish it as support to drive the price toward 437.95. Continued strength could lead to a breakout, with 448.48 and the high bull target of 454.90 in sight.
Should 426.23 fail to hold, bears could aim for 420.70. A breakdown of this level may bring 416.62 into focus, and if selling pressure persists, the price could test 413.10, today's low bear target.
Final Word:&nbsp; Today's trading session features a packed economic calendar, starting with the ECB Rate Decision at 8:15 AM ET. The release of November's PPI Final Demand, along with Initial and Continuing Jobless Claims at 8:30 AM ET, will be closely watched for signs of inflationary pressures and labor market conditions. At 8:45 AM ET, the ECB press conference is expected to provide further insights into European monetary policy, potentially setting the tone for global markets.
Later in the day, the U.S. Treasury will conduct a 4 and 8 week bill auction at 11:30 AM ET, followed by a 30 year bond auction at 1 PM ET. These events are critical for assessing investor sentiment toward U.S. debt and could influence broader market dynamics. Given the range of impactful releases, heightened volatility is anticipated. Traders should remain alert, adapt their strategies to the evolving market landscape, and prioritize risk management. Good luck, and trade wisely!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it&#8217;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.

Technicals

AAPL

GOOGL

MSFT

NVDA

TSLA

Market Clubhouse Morning Memo - December 12th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META and TSLA)

B of A Securities analyst Curtis Nagle maintains Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) with a Neutral and raises the price target from $35 to $36.

MTCH

B of A Securities Maintains Neutral on Match Group, Raises Price Target to $36

RBC Capital analyst Matthew Swanson maintains Adobe (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) with a Outperform and lowers the price target from $610 to $590.

RBC Capital Maintains Outperform on Adobe, Lowers Price Target to $590

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/12/2024-12-12_07h55_05.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Hotter Inflation</h4>
An enlarged chart of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of TSLA stock is being used to illustrate the point.</li>
<li>The chart shows the run up in TSLA stock.</li>
<li>The chart shows the Arora buy signal after the election.&nbsp; As of this writing, there is 50% gain in about five weeks from the Arora buy signal in TSLA.</li>
<li>RSI on the chart shows TSLA stock is overbought.&nbsp; Overbought stocks are susceptible to a pullback.</li>
<li>The chart shows the nearest support zone.</li>
<li>TSLA stock has added $515B in value since Trump's election.&nbsp; The valuation of Tesla and SpaceX have been rising on the belief that Musk's close association with Trump will help his businesses. &nbsp; The rally in TSLA stock, along with the rising valuation of SpaceX, has made Elon Musk the first man ever to have a net worth of $400B.</li>
<li>The move yesterday in TSLA stock was initially triggered by General Motors Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) decision to stop development of robotaxis.&nbsp; The buying in TSLA stock on the GM news caused TSLA to breakout above the prior high.&nbsp; This brought in technically oriented buyers who buy the breakouts.&nbsp; The prior high was $414.49 on November 4, 2021.</li>
<li>After yesterday's sticky Consumer Price Index data that was not worse than expected, the market was certain the Fed will cut interest rates, so investors aggressively bought big tech stocks.&nbsp; Lower interest rates are good for big tech.</li>
<li>Producer Price Index (PPI) data came hotter than expected.&nbsp; Here are the details:
<ul>
<li>Headline PPI came at 0.4% vs. 0.3% consensus.</li>
<li>Core PPI came at 0.2% vs. 0.2% consensus.</li>
</ul>
</li>
<li>The reaction to PPI data is slight selling in stocks, bonds, and gold.</li>
<li>In The Arora Report analysis, the Fed is likely to ignore the hotter producer inflation data and cut interest rates next week.&nbsp;&nbsp;</li>
<li>Initial jobless claims came at 242K vs. 220K consensus. &nbsp;In The Arora Report analysis, the Fed can use this data as an excuse to cut interest rates given the Fed's dual mandate.&nbsp;</li>
<li>To understand extreme positive sentiment right now, all a prudent investor needs to do is look at the valuation of Fartcoin (CRYPTO: FARTCOIN).&nbsp; Fartcoin is now worth $500M.&nbsp; What makes Fartcoin so valuable? It produces a digital fart sound on each transaction.</li>
<li>The positive sentiment is being enhanced this morning as President-elect Trump is going to ring the opening bell at the New York Stock Exchange.</li>
</ul>
<h4 class="wp-block-heading">Switzerland</h4>
The Swiss National Bank cut interest rates by 50 bps, which was more than expected.&nbsp; This is the largest cut in nearly a decade.
<h4 class="wp-block-heading">Europe</h4>
The European Central Bank (ECB) cut interest rates by 25 bps as expected.
Rate cuts in Europe influence the Fed to also cut interest rates.
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are neutral in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In the early trade, money flows are negative in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and TSLA.
In the early trade, money flows are negative in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.&nbsp; Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.&nbsp; The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).&nbsp; The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).&nbsp; The most popular ETF for oil is United States Oil ETF (ASCA:USO).
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is above $100,000.
<h4 class="wp-block-heading">Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

$BTC

AMZN

GOOG

Hot Inflation Data But Fed Likely To Ignore It, Musk Becomes First $400 Billion Man

UBS analyst Michael Lasser maintains Kroger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) with a Neutral and raises the price target from $63 to $66.

UBS Maintains Neutral on Kroger, Raises Price Target to $66

Shares of Adobe Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) tanked in early trading on Thursday, despite the company reporting <a href="https://www.benzinga.com/news/earnings/24/12/42449013/adobe-q4-earnings-revenue-eps-beat-on-strong-demand-related-to-ai-shares-slide-following-soft-guidance">upbeat fiscal fourth-quarter results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
Piper Sandler On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4055351b9b00018beeab/brent-bracelin">Analyst Brent Bracelin</a> reiterated an Overweight rating, while reducing the price target from $635 to $600.
Adobe reported "solid" results for its fiscal fourth quarter, with revenues beating consensus by $81 million, Bracelin said in a note. Subscription revenues grew by 12.6% year-on-year to $5.4 billion, accelerating from 11.9% in the previous quarter and coming in higher than the average of 11.8% in the previous nine quarters, he added.
The company generated healthy non-GAAP earnings growth of 13% year-on-year for the fourth quarter and 15% for the year, the analyst stated. The stock came under pressure due to management's fiscal 2025 revenue growth guidance of 8.9%, which implies a deceleration from 10.8% in fiscal 2024, he further noted.
Oppenheimer On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/597b3ef9c1f5580001ef5278/brian-schwartz">Analyst Brian Schwartz</a> maintained an Outperform rating, while lowering the price target from $625 to $600.
Although Adobe's fourth-quarter results were "decent," Creative Cloud's net new annualized recurring revenue grew only modestly, Schwartz said. Management's initial fiscal 2025 outlook was disappointing, he added.
"Specifically, the FY25 net new Digital Media ARR is guided slightly below what the business generated in FY22-24 per annum from less pricing benefits, continuing focus on AI user engagement over monetization growth, negative FX, and conservatism," the analyst wrote. The takeaway for investors could be that Adobe&#8217;s growth is being impacted by "increasing competition in the low-end of the market and a slow monetization path for the AI technologies," he further stated.
Goldman Sachs On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8db85e9300015f1ae0/kash-rangan">Analyst Kash Rangan</a> reaffirmed a Buy rating and price target of $640.
Adobe's fiscal 2025 guidance reflects a deceleration in revenue growth to 9%, Rangan said. The revenue growth contribution from company's Gen AI solutions may be delayed until fiscal 2026, he added.
Gen AI presents a total addressable market of more than $4 billion, driven by higher retention, increased user spend, and new monetization strategies, the analyst stated. Adobe is on track to grow revenues "by 2x to 3x from current levels over the next few years, potentially entering the top ranks of software companies with $40bn+ of revenues," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
KeyBanc Capital Markets On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58777fa15064ed000173004c/jackson-ader">Analyst Jackson Ader</a> maintained an Underweight rating and price target of $450.
Adobe generated revenue growth of 11.1%, higher than consensus of 9.7%, Ader said. "Bookings saw the strongest sequential growth we have in our model, up 30.6% quarter-over-quarter to $7.427B, the largest absolute dollar figure we have in our model," he wrote.
However, management issued a disappointing outlook for 2025, with the midpoint of Digital Media revenue growth of 9.2% missing expectations and margin guidance coming in below expectations, the analyst stated. "AI monetization continues to get kicked further and further down the road," he added.
JPMorgan On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d5296ab85e930001416e5a/mark-murphy">Analyst Mark Murphy</a> reiterated an Overweight rating and price target of $580.
Adobe's sequential revenue growth was healthy, despite Cyber Monday being excluded from its fiscal fourth quarter, which ended on Nov.29, Murphy said. The company generated solid year-on-year growth in RPO and cRPO, with sequential growth in both and healthy upside to guidance, he added.
While Adobe's fiscal 2025 disappointed markets, the consensus was set "well ahead of the implied FQ4 exit-rate," the analyst wrote. Also, after accounting for forex and model transition dynamics, the guidance implies around 10% growth on constant currency terms, he further stated.
RBC Capital Markets On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/64da23ec2e59fb0001505ffd/matthew-swanson">Analyst Matthew Swanson</a> reaffirmed an Outperform rating and price target of $610.
Adobe delivered strong quarterly results, with Digital Media NNARR coming in at $578 million, beating consensus of $551.0 million, Swanson said. Revenue growth of 11% was better than expected, he added.
"Another highlight was RPO growth of 16% as we continue to think this is a positive metric for enterprise traction around GenAI specifically in the Experience cloud," the analyst wrote. The company's full-year revenue guidance of $23.425 billion at the midpoint fell short of consensus at $23.778 billion, but the guidance includes FX headwinds of $200 million, he further stated.
JMP Securities On Adobe
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846fffaee7bf6000154d141/patrick-walravens">Analyst Patrick Walravens</a> maintained a Market Perform rating on the stock.
Adobe reported its quarterly results higher than expectations, with non-GAAP earnings of $4.81 per share coming in higher than the consensus of $4.67 per share, Walravens said. Adobe issued soft guidance for fiscal 2025, with total revenue of $5.63 billion to $5.68 billion coming in much lower than the consensus of $5.73 billion, he added.
Although Adobe is "very well managed by CEO Shantanu Narayen and CFO Daniel Durn," there are two main areas of risk, the analyst stated. First is Creative Cloud "growing more slowly than Canva," and second, the company's foundational models for Generative Fill, Text to Image, Generative Extend, and Generate Video face "intense pressure from rapid innovation coming out of startups and AI labs, such as OpenAI," he further wrote.
ADBE Price Action: Shares of Adobe were down 12.7% to $479.78 at the time of publication Thursday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/content/42459200/2-ai-stocks-that-gap-and-crapped-for-a-dip-buying-opportunity">2 AI Stocks That Gap and Crapped for a Dip Buying Opportunity</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Earnings Beats

Adobe Analysts Split After Strong Q4, Weak 2025 Guidance

Candel Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CADL#NASDAQ">CADL</a>) shares are trading higher Thursday potentially driven by continued momentum following the company&#8217;s announcement of positive phase 3 trial results for its CAN-2409 viral immunotherapy in prostate cancer patients. Here&#8217;s <a href="https://www.benzinga.com/24/12/42438029/candel-therapeutics-prostate-cancer-therapy-hits-primary-goal-in-late-stage-study-stock-surges-over-100">what you need to know.</a>
What To Know: The phase 3 trial focused on intermediate-to-high-risk, localized prostate cancer and showed that CAN-2409, combined with valacyclovir and standard care, significantly improved disease-free survival compared to standard care alone. The trial met its primary endpoint, demonstrating statistical significance in disease-free survival, with a hazard ratio of 0.7 and a p-value of 0.0155.
At 54 months, the CAN-2409 treatment arm showed a 14.5% relative improvement in disease-free survival compared to the control arm. The benefit was observed regardless of whether patients received short-term androgen deprivation therapy. Additional findings highlighted CAN-2409's significant effects on prostate-specific cancer outcomes, including higher rates of prostate-specific antigen nadir and pathological complete responses.
The study involved a median follow-up of 50.3 months and identified no new safety concerns. Adverse events were consistent with prior trials and were mostly mild or moderate flu-like symptoms.
The company also shared data from a phase 2 trial in low-to-intermediate risk localized prostate cancer patients undergoing active surveillance. Although this trial showed numerical improvements in outcomes like time to radical treatment and negative biopsies, the results were not statistically significant.
Candel&#8217;s stock surged over 100% following the announcement on Wednesday and today&#8217;s continued gains potentially reflect ongoing interest in the trial results and their potential implications for prostate cancer treatment.
CADL Price Action: Candel Therapeutics shares were up 32.3% at $10.29 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1733167806337199"><img loading="lazy" decoding="async" width="1024" height="545" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12110238/CADL-1024x545.png" alt="" class="wp-image-689751" style="width:463px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12110238/CADL-1024x545.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12110238/CADL-300x160.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12110238/CADL-768x408.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12110238/CADL.png 1164w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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CADL

Candel Therapeutics Shares Are Up Today: What's Going On?

BMO Capital analyst Etzer Darout maintains Q32 Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTTB#NASDAQ">QTTB</a>) with a Outperform and lowers the price target from $64 to $22.

QTTB

BMO Capital Maintains Outperform on Q32 Bio, Lowers Price Target to $22

UBS analyst Leonardo Olmos maintains CI&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CINT#NYSE">CINT</a>) with a Neutral and raises the price target from $7.5 to $8.

CINT

UBS Maintains Neutral on CI&T, Raises Price Target to $8

Investors with a lot of money to spend have taken a bearish stance on Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WFC, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Wells Fargo.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $633,610, and 4 are calls, for a total amount of $136,505.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $80.0 for Wells Fargo, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Wells Fargo stands at 1038.71, with a total volume reaching 1,773.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Wells Fargo, situated within the strike price corridor from $60.0 to $80.0, throughout the last 30 days.
<h3>Wells Fargo 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734020159_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$12.65</td>
<td>$12.5</td>
<td>$12.5</td>
<td>$80.00</td>
<td>$292.5K</td>
<td>48</td>
<td align="right">234</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$3.75</td>
<td>$3.7</td>
<td>$3.75</td>
<td>$72.50</td>
<td>$112.5K</td>
<td>3.3K</td>
<td align="right">303</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$7.8</td>
<td>$7.6</td>
<td>$7.8</td>
<td>$77.50</td>
<td>$51.4K</td>
<td>1.8K</td>
<td align="right">128</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$6.15</td>
<td>$6.0</td>
<td>$6.15</td>
<td>$75.00</td>
<td>$50.4K</td>
<td>767</td>
<td align="right">82</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$7.9</td>
<td>$7.85</td>
<td>$7.85</td>
<td>$77.50</td>
<td>$48.9K</td>
<td>1.8K</td>
<td align="right">62</td>
</tr>
</tbody>
</table>

<h3>About Wells Fargo</h3>
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
In light of the recent options history for Wells Fargo, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Wells Fargo's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,992,850, with WFC's price down by -0.18%, positioned at $71.47.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 34 days.</li>
</ul>
<h3>Expert Opinions on Wells Fargo</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $82.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for Wells Fargo, targeting a price of $82. 
&#x2A; Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Market Perform rating for Wells Fargo, targeting a price of $79. 
&#x2A; An analyst from Goldman Sachs persists with their Buy rating on Wells Fargo, maintaining a target price of $82. 
&#x2A; An analyst from UBS persists with their Buy rating on Wells Fargo, maintaining a target price of $85. 
&#x2A; Maintaining their stance, an analyst from Compass Point continues to hold a Neutral rating for Wells Fargo, targeting a price of $83. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Wells Fargo, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Wells Fargo Unusual Options Activity For December 12

High-rolling investors have positioned themselves bullish on MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MELI often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 13 options trades for MercadoLibre. This is not a typical pattern.
The sentiment among these major traders is split, with 53% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $110,400, and 12 calls, totaling $700,660.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1580.0 to $2200.0 for MercadoLibre over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for MercadoLibre options trades today is 69.25 with a total volume of 258.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for MercadoLibre's big money trades within a strike price range of $1580.0 to $2200.0 over the last 30 days.
<h3>MercadoLibre 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734020153_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$19.3</td>
<td>$14.4</td>
<td>$17.0</td>
<td>$1960.00</td>
<td>$130.9K</td>
<td align="right">62</td>
<td align="right">80</td>
</tr>
<tr>
<td>MELI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/13/24</td>
<td>$98.9</td>
<td>$92.0</td>
<td>$92.0</td>
<td>$2000.00</td>
<td>$110.4K</td>
<td align="right">60</td>
<td align="right">15</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$118.0</td>
<td>$109.0</td>
<td>$118.0</td>
<td>$2000.00</td>
<td>$94.4K</td>
<td align="right">94</td>
<td align="right">8</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$17.5</td>
<td>$16.0</td>
<td>$17.5</td>
<td>$1960.00</td>
<td>$87.5K</td>
<td align="right">62</td>
<td align="right">132</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$116.1</td>
<td>$110.0</td>
<td>$110.0</td>
<td>$1810.00</td>
<td>$77.0K</td>
<td align="right">4</td>
<td align="right">10</td>
</tr>
</tbody>
</table>

<h3>About MercadoLibre</h3>
MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.
In light of the recent options history for MercadoLibre, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>MercadoLibre's Current Market Status</h3>
<ul>
<li>With a trading volume of 62,681, the price of MELI is up by 0.05%, reaching $1898.81.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 70 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for MercadoLibre</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $2300.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from JP Morgan has decided to maintain their Neutral rating on MercadoLibre, which currently sits at a price target of $2150. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on MercadoLibre with a target price of $2450. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MercadoLibre with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

MELI

MercadoLibre Unusual Options Activity

Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) shares are trading lower on Thursday. The company and LG Chem, Ltd. extended their joint development deal to evaluate deploying Gevo&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42459896/gevo-and-lg-chem-extend-joint-development-agreement-for-bio-propylene-to-accelerate-commercializat" rel="noreferrer noopener">Ethanol-to-Olefins (ETO) technology</a>.
The extension focuses on assessing existing assets, accelerating commercialization, and aligning project scale with market needs.
Gevo&#8217;s patented Ethanol-to-Olefins (ETO) technology enables the production of carbon-neutral or carbon-negative alternatives to petroleum-based building blocks.
ETO is part of Gevo&#8217;s portfolio of technologies designed to deliver cost-effective, bio-based renewable solutions.
These core olefins are essential for renewable fuels and chemicals, such as sustainable aviation fuel and bio-propylene.
Paul Bloom, Chief Carbon and Innovation Officer said, &#8220;Our ethanol-to-olefin process holds immense promise to decarbonize a substantial portion of the market for propylene, and LG Chem is starting commercial activities ahead of the timeline we originally planned.&#8221;
Dong-hyun Cho, Vice President, Head of LG Chem&#8217;s Petrochemicals R&amp;D stated, &#8220;Our joint development agreement with Gevo is already helping LG Chem to shape sustainable and eco-friendly future business strategies.&#8221;
Yesterday, Gevo disclosed a key milestone in its acquisition of Red Trail Energy, LLC&#8217;s ethanol production plant and<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42431734/gevos-acquisition-of-assets-in-north-dakota-proceeds-following-approval-vote-by-red-trail-energys-" rel="noreferrer noopener"> carbon capture and sequestration (CCS) assets</a>.
Red Trail Energy&#8217;s equity holders voted overwhelmingly to approve the transaction, which aligns with Gevo&#8217;s mission to produce net-zero liquid fuels and chemicals while reducing carbon emissions.
Price Action: GEVO shares are down 2.191% at $1.545 at the last check Thursday.
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Image via Shutterstock.

Equities

Contracts

Small Cap

GEVO

Gevo And LG Chem Double Down On Ethanol-To-Olefins Tech: Details

Investors with a lot of money to spend have taken a bullish stance on SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SOUN, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for SoundHound AI.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 27%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $119,530, and 8 are calls, for a total amount of $576,325.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $8.0 to $14.0 for SoundHound AI over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for SoundHound AI's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of SoundHound AI's whale trades within a strike price range from $8.0 to $14.0 in the last 30 days. 
<h3>SoundHound AI Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734020148_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.24</td>
<td>$2.18</td>
<td>$2.18</td>
<td>$14.00</td>
<td>$187.2K</td>
<td>1.4K</td>
<td align="right">733</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$4.35</td>
<td>$4.25</td>
<td>$4.3</td>
<td>$10.00</td>
<td>$164.2K</td>
<td>24.7K</td>
<td align="right">593</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.8</td>
<td>$6.6</td>
<td>$6.74</td>
<td>$10.00</td>
<td>$67.4K</td>
<td>11.2K</td>
<td align="right">101</td>
</tr>
<tr>
<td>SOUN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$3.1</td>
<td>$3.05</td>
<td>$3.05</td>
<td>$12.00</td>
<td>$61.0K</td>
<td>1.0K</td>
<td align="right">200</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$5.7</td>
<td>$5.6</td>
<td>$5.65</td>
<td>$8.50</td>
<td>$34.4K</td>
<td>1.1K</td>
<td align="right">127</td>
</tr>
</tbody>
</table>

<h3>About SoundHound AI</h3>
SoundHound AI Inc is an innovator of conversational intelligence, offering an independent Voice AI platform that enables businesses across industries to deliver high-quality conversational experiences to customers.
Having examined the options trading patterns of SoundHound AI, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of SoundHound AI</h3>
<ul>
<li>Trading volume stands at 25,653,697, with SOUN's price up by 3.14%, positioned at $13.98.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 77 days.</li>
</ul>
<h3>What Analysts Are Saying About SoundHound AI</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $7.333333333333333.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Ladenburg Thalmann lowers its rating to Neutral with a new price target of $7. 
&#x2A; Reflecting concerns, an analyst from Barclays lowers its rating to Neutral with a new price target of $7. 
&#x2A; Maintaining their stance, an analyst from HC Wainwright &amp; Co. continues to hold a Buy rating for SoundHound AI, targeting a price of $8. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest SoundHound AI options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

SOUN

Spotlight on SoundHound AI: Analyzing the Surge in Options Activity

Kodiak Gas Services Shares Resume Trade

Elon Musk seems to be stepping into the spotlight as the conservative answer to George Soros and he&#8217;s not shying away from that comparison. At a gathering at <a href="https://www.benzinga.com/general/politics/24/08/40666880/mar-a-lago-profits-quadruple-since-donald-trumps-presidency-could-money-making-property-keep-him">Mar-a-Lago</a> on Nov. 14, Musk embraced the idea, <a href="https://x.com/ElonClipsX/status/1864332495375778070">saying</a>, "I guess someone&#8217;s got to be the George Soros on the right. I mean, I&#8217;d call myself George Soros of the center, I think."
<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">"It&#39;s going to be the most transformative presidency, perhaps since the founding of the country &#8230; It&#39;s going to be a revolution." Full remarks from Elon Musk at Mar-a-Lago, on November 14, 2024. "I guess someone&#39;s got to be the George Soros on the right. I mean, I&#39;d call… <a href="https://t.co/1x8RcpMCjQ">pic.twitter.com/1x8RcpMCjQ</a>
&mdash; ELON CLIPS (@ElonClipsX) <a href="https://twitter.com/ElonClipsX/status/1864332495375778070?ref_src=twsrc%5Etfw">December 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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The tech billionaire addressed the enthusiastic crowd, outlining his vision for what he believes America needs moving forward. It all comes down to common sense, he said. "We obviously need to have just the basics. As President Donald Trump rightly said, what we need is the restoration of common sense," Musk declared, emphasizing priorities like safe cities, secure borders, responsible government spending, freedom of speech and respect for the Constitution. "If that&#8217;s <a href="https://www.benzinga.com/general/24/04/38024771/george-soros-fund-buys-400-million-stake-in-227-us-radio-stations-going-into-2024-election">George Soros</a> of the right, that&#8217;s me," he said.
Musk's remarks were well-received, especially since he's become an influential figure in Republican circles lately, reportedly contributing over $118 million to America PAC, a pro-Trump super PAC. As the Washington Post reported, he's also looking to push back against what he views as the influence of progressive district attorneys funded by George Soros or "Soros DAs," saying he wants to see more accountability when it comes to crime and justice.
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Musk spoke genuinely excitedly about the future, insisting that the American people had sent a clear message. "The public has given us a mandate that could not be more clear. It&#8217;s the clearest mandate," he said. He pointed to <a href="https://www.benzinga.com/24/11/41867170/republicans-on-the-verge-of-seizing-control-of-us-house-paving-way-for-bold-reforms-in-trumps-second-term">Republican victories across the House</a>, the Senate and a majority of governorships and state legislatures as proof that Americans are hungry for change.
And Musk believes this change is coming, boldly suggesting that it could be "the most transformative presidency, perhaps, since the country&#8217;s founding." He praised President Donald Trump's Cabinet choices, describing them as "people who are actually going to make change" and promised that this time, it wouldn't be "business as usual."
Trending: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?
"We're going to shake things up. It&#8217;s going to be a revolution and we're headed toward, I think, a fantastic future," Musk told the audience. His optimism was clear as he wrapped up his remarks, adding, "I'm super excited. I look forward to experiencing that with everyone."
With Musk aligning himself as a key player in the conservative movement and embracing comparisons to Soros, he intends to wield his influence in a big way – not just for Trump but for the broader Republican agenda. Whether or not this shift will bring the kind of transformation Musk envisions remains to be seen, but one thing is certain: Elon Musk is ready to play a major role in the future of American politics.
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Startups

'Someone Has To Be The George Soros Of The Right,' Elon Musk Says At Mar-a-Lago, Calling For Sensible Spending, Restoration Of Common Sense

Ensign Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSG#NASDAQ">ENSG</a>) has outperformed the market over the past 5 years by 13.0% on an annualized basis producing an average annual return of 26.68%. Currently, Ensign Group has a market capitalization of $8.19 billion. 
Buying $100 In ENSG: If an investor had bought $100 of ENSG stock 5 years ago, it would be worth $329.71 today based on a price of $142.89 for ENSG at the time of writing.
<h3>Ensign Group's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734020110_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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$100 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

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