Forte Biosciences (NASDAQ:FBRX) Stock, Quote.Headers.trade-ideas

Forte Biosciences

Forte Biosciences Inc is a biopharmaceutical company that is advancing through preclinical trials its product candidate, FB-102, which is a proprietary therapeutic molecule with potentially broad autoimmune applications in such indications as graft-versus-host disease (GvHD), vitiligo, and alopecia areata (AA).

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Forte Biosciences Inc. (NASDAQ: FBRX) shares are trading higher Wednesday. The company announced a $53 million private placement to fund the development of its autoimmune-focused drug candidate, FB102. Here&#39;s what you need to know.

Forte Biosciences Shares Are Soaring Today: What&#39;s Going On?

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Forte Biosciences Inc

Barclays analyst Brandt Montour maintains MGM Resorts Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) with a Overweight and lowers the price target from $50 to $46.

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Barclays Maintains Overweight on MGM Resorts Intl, Lowers Price Target to $46

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Shares of US-listed Chinese stocks are trading lower due to stimulus concerns and disappointing economic data. The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products.

Traders betting big on aggressive Federal Reserve interest rate cuts in 2025 might be in for a brutal reality check as <a href="https://www.benzinga.com/topic/interest-rates">soon as next week.</a>
At the upcoming Federal Reserve meeting on Dec. 18, policymakers are expected to signal a more cautious approach, with only three interest rate cuts projected for next year. 
The insight came from a Bloomberg survey of economists which showed the Fed&#8217;s median &#8220;dot plot&#8221; is likely to forecast a federal funds rate range of 3.5%-3.75% by December 2025, reflecting just three rate cuts.
But traders are betting on a much bolder move.
Data from CFTC-regulated Kalshi, a betting platform, reveals that speculators assign a 93% probability of four rate cuts in 2025, with just a 6% chance of the Fed sticking to three cuts.
The wide gap between market sentiment and the Fed's likely stance could spark market turbulence if central bank projections fail to meet investors' dovish expectations.
<h3 class="wp-block-heading">Latest Fed Comments Signal Slower Approach</h3>
Recent remarks from Federal Open Market Committee (FOMC) members suggest that caution is the prevailing theme as the Fed balances inflation risks with a resilient economy. 
Here&#8217;s a breakdown of their latest statements in December:
<ul>
<li>Chair Jerome Powell has indicated that the Fed &#8220;can afford to be a little more cautious&#8221; in moving policy toward a neutral stance, given the robust strength of the economy.</li>
<li>Cleveland Fed President Beth Hammack said the economy's healthy labor market and still-elevated inflation support maintaining a modestly restrictive stance for some time and signaled the Fed is nearing a point where slowing the pace of reductions makes sense.</li>
<li>New York Fed President John Williams said that a gradual move toward neutral policy settings will be appropriate, emphasizing that future decisions will hinge on data and be made on a meeting-by-meeting basis.</li>
<li>Governor Christopher Waller hinted that the Committee might skip rate cuts altogether in some meetings if current forecasts for the end-of-2025 target range are accurate.</li>
<li>Chicago Fed President Austan Goolsbee indicated that upcoming meetings will likely feature close calls between small rate cuts or none at all.</li>
<li>Governor Adriana Kugler and vice chair Philip Jefferson both reinforced the Fed&#8217;s data-driven approach, emphasizing the need to carefully evaluate incoming information and the evolving balance of risks.</li>
<li>St. Louis Fed President Alberto Musalem: Echoed the need for caution, suggesting that pausing rate cuts could be appropriate to fully assess the economic environment.</li>
</ul>
<h3 class="wp-block-heading">Bank of America Calibrated On Three Cuts, Goldman Sachs Sticks To Four</h3>
Bank of America seems to firmly stand in the cautious camp, aligning its forecast with the Fed&#8217;s expected dot plot of three rate cuts next year. 
The bank's economist Aditya Bhave anticipates the first cut of 25 basis points in December, followed by a pause in January, signaling a slowdown in the pace of easing. 
&#8220;We think the macro forecasts will indicate slightly stronger inflation next year, and higher longer run growth,&#8221; Bhave said.
On the other hand, Goldman Sachs remains optimistic, sticking to its projection of four 25-basis-point cuts in 2025. 
The firm envisions a steady pace, with consecutive reductions in December, January, and March, followed by additional trims in June and September. Yet, even Goldman has tempered its enthusiasm somewhat, warning that recent Fed remarks increase the risk of a pause sooner than expected, possibly in early 2025.
<h3 class="wp-block-heading">What Traders Should Watch</h3>
The Fed's updated dot plot, macroeconomic projections, and Powell's post-meeting press conference will be crucial for market participants. 
Any hint of fewer or delayed cuts could send Treasury yields higher and hit rate-sensitive assets like stocks.
The S&amp;P 500 Index – as tracked by the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – is poised to mark a slightly negative weekly performance as of Friday morning trading in New York, snapping three straight weeks of gains. 
Read Next: 
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42467265/stocks-fall-as-producer-inflation-spikes-jobless-claims-jump-what-is-happening-here">Stocks Fall As Producer Inflation Spikes, Jobless Claims Jump: &#8216;What Is Happening Here?&#8217;</a></li>
</ul>
Illustration created using Shutterstock photo.

Analyst Color

Macro Economic Events

Econ #s

Economics

Federal Reserve

Fed's December Meeting Could Crush Rate Cut Optimism For 2025

Barclays analyst Brandt Montour maintains Marriott Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) with a Equal-Weight and raises the price target from $249 to $286.

Barclays Maintains Equal-Weight on Marriott Intl, Raises Price Target to $286

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has seen its stock rocket 76% since Nov. 5, coinciding with <a href="https://www.benzinga.com/topic/2024-election">Donald Trump&#8216;s presidential election</a> victory. While the rally marks a triumphant rebound, driven partly by CEO Elon Musk's political connections and Tesla's tech-forward advances, the stock&#8217;s technical indicators hint at potential turbulence ahead.
<h1 class="wp-block-heading">Tesla Stock: Bullish Momentum Meets Overbought Risks</h1>
Tesla stock remain in strongly bullish territory, supported by its position above key moving averages:
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13111459/Screenshot-2024-12-13-at-9.44.48-PM.png" alt="" class="wp-image-691748" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13111459/Screenshot-2024-12-13-at-9.44.48-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13111459/Screenshot-2024-12-13-at-9.44.48-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
<ul>
<li>Eight-day SMA at $396.64 vs. share price of $422.80 is a clear bullish signal.</li>
<li>20-day SMA at $363.81 and 50-day SMA at $299.80 reinforce this bullish narrative.</li>
<li>Even the 200-day SMA at $224.33 underscores long-term upward momentum.</li>
</ul>
Adding to the optimism, Tesla stock's Moving Average Convergence Divergence (MACD) indicator stands at a robust 32.49, signaling a continuation of upward momentum.
Yet, a Relative Strength Index (RSI) of 76.57 suggests Tesla is overbought and ripe for potential pullbacks.
Read Also: <a href="https://www.benzinga.com/24/12/42479242/jay-leno-says-elon-musks-new-affinity-to-trump-aimed-at-hiking-ev-deliveries-tesla-researcher-disagrees">Elon Musk&#8217;s New Affinity To Trump Aimed At Pushing Tesla&#8217;s EV Deliveries, Says Jay Leno: Researcher Says It &#8216;Doesn&#8217;t Match Up&#8217; With Data</a>
<h1 class="wp-block-heading">Musk's Political Boost</h1>
Tesla's surge has not only been technical but also political. Musk's vocal support for Trump and his substantial campaign contributions have solidified his influence, potentially paving the way for looser regulations and a federal approval process for autonomous vehicles.
This "Trump bump" has fueled investor sentiment, with analysts like Craig Irwin of Roth MKM attributing the rally to Musk doubling Tesla's credibility and demand pool. Others, including Goldman Sachs and Morgan Stanley, revised their price targets upward, factoring in Tesla's expanding AI opportunities.
<h1 class="wp-block-heading">Autonomy, Innovation Propel the Narrative</h1>
Tesla's recent advancements, such as the launch of the "<a href="https://www.benzinga.com/24/12/42479639/tesla-launches-actually-smart-summon-feature-in-china-ahead-of-fsd-rollout-in-early-2025">Actually Smart Summon</a>" feature in China, further bolster its position in the competitive EV landscape. By enhancing obstacle detection and navigation, Tesla is strengthening its Full Self-Driving package, a vital subscription-based revenue stream.
<h1 class="wp-block-heading">Time To Cash Out?</h1>
Despite the record highs, the stock's RSI and selling pressure indicate a cautious outlook. Investors riding Tesla's meteoric rise may want to assess their risk tolerance. While bullish signals dominate, the overbought status and broader market factors warrant vigilance.
For now, Tesla's technical and political tailwinds make it a fascinating story — but not without risks. Whether to hold or cash out hinges on how much faith investors place in Musk's ability to sustain momentum amid an overbought market.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42486618/heres-how-much-1000-invested-in-tesla-stock-today-will-be-worth-if-cathie-woods-price-prediction-comes-true-in-2029">Here&#8217;s How Much $1,000 Invested In Tesla Stock Today Will Be Worth If Cathie Wood&#8217;s Price Prediction Comes True In 2029</a></li>
</ul>
Photo: Shutterstock

Technicals

Tech

TSLA

Tesla's 76% Post-Trump Rally: Bullish Run Or Signal To Cash Out?

Morgan Stanley analyst Jeffrey Hung upgrades PTC Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTCT#NASDAQ">PTCT</a>) from Equal-Weight to Overweight and raises the price target from $45 to $67.

Upgrades

PTCT

Morgan Stanley Upgrades PTC Therapeutics to Overweight, Raises Price Target to $67

Barclays analyst Brandt Montour maintains Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) with a Overweight and raises the price target from $58 to $61.

Barclays Maintains Overweight on Las Vegas Sands, Raises Price Target to $61

Raymond James analyst Rick Patel initiates coverage on American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) with a Market Perform rating.

Initiation

Raymond James Initiates Coverage On American Eagle Outfitters with Market Perform Rating

Barclays analyst Brandt Montour maintains Hyatt Hotels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) with a Equal-Weight and raises the price target from $144 to $161.

Barclays Maintains Equal-Weight on Hyatt Hotels, Raises Price Target to $161

Morgan Stanley analyst Bob Huang maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Overweight and maintains $310 price target.

Morgan Stanley Maintains Overweight on Progressive, Maintains $310 Price Target

Goldman Sachs analyst Ati Modak downgraded Weatherford International plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) to Neutral and lowered <a href="https://www.benzinga.com/quote/wfrd/analyst-ratings" target="_blank" rel="noreferrer noopener">the target price to $98 from $132</a>.
While WFRD remains a high-quality stock with a solid execution record, the analyst notes the current environment makes international-focused exposure less compelling compared to other energy investment options.
Meanwhile, the analyst anticipates earnings growth driven by increased adoption of Managed Pressure Drilling and innovations like RFID technology, alongside margin expansion even in a flat revenue growth environment.
The analyst estimates a total return potential of 4% for every dollar invested in Weatherford over the next 12 months, comprising a 1% dividend yield, ~1% from share repurchases, and ~2% upside to consensus estimates.
Based on their estimates, the analyst says that WFRD&#8217;s planned ~$500 million debt reduction in 2025 could theoretically add ~$9 per share in implied value.
However, Modak expects the current environment to prioritize incremental improvements in shareholder returns driven by ongoing deleveraging efforts.
The analyst lowered the 2025/2026 EBITDA estimates by -3%/-8%, reflecting adjusted activity expectations and reduced capital returns.
Investors can gain exposure to the stock via Invesco Dorsey Wright Energy Momentum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXI#NASDAQ">PXI</a>) and Invesco Dorsey Wright Energy Momentum ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXJ#NYSE">PXJ</a>).
Price Action: WFRD shares are down 1.99% at $76.49 at the last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42487128" target="_blank" rel="noreferrer noopener">Apple&#8217;s 2025 Chip Transition Targets New Wireless Edge, Broadcom To Retain Key Role</a></li>
</ul>
Image via Shutterstock.

Mid Cap

Downgrades

PowerShares Dynamic Energy Sector Portfolio

PowerShares Exchange-Traded Fund Trust Dynamic Oil Services Portfolio

WFRD

Weatherford Downgraded As Analyst Sees Limited Returns Despite Deleveraging Efforts

In the current session, the stock is trading at $24.85, after a 3.54% increase. Over the past month, Westlake Chemical Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLKP#NYSE">WLKP</a>) stock increased by 4.88%, and in the past year, by 5.63%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1734111923_0.png" alt="Past Year Chart" />

<h3>Westlake Chemical P/E Compared to Competitors</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 35.96 in the Chemicals industry, Westlake Chemical Inc. has a lower P/E ratio of 13.71. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734111923_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

WLKP

Price Over Earnings Overview: Westlake Chemical

Barclays analyst Brandt Montour maintains Caesars Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>) with a Overweight and lowers the price target from $57 to $55.

Barclays Maintains Overweight on Caesars Entertainment, Lowers Price Target to $55

Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) shares are trading higher on Friday after the company <a href="https://www.benzinga.com//node/42465766">announced it</a> acquired approximately 5,000 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
The Details: Riot purchased 5,117 Bitcoin for about $510 million, at an average price of approximately $99,669 per Bitcoin. The company noted in the Securities and Exchange Commission filing that it now holds a total of 16,728 Bitcoin.
Riot said it used part of the proceeds from its 0.75% convertible senior notes due 2030, along with existing cash reserves, to fund the Bitcoin purchases.
What Else: Earlier this week, Riot <a href="https://www.benzinga.com//node/42418523">boosted</a> its $500 million offering of convertible senior notes due 2030 to $525 million. The company set the interest rate for these notes at 0.75%.
Riot estimated that the net proceeds from the sales of the notes would be about $511.5 million. In the press release, the company stated that it planned to use the net proceeds to acquire additional Bitcoin and fund other corporate purposes.
The company offered the initial purchasers a three-day window to buy up to an additional $75 million in notes. Net proceeds would total approximately $584.6 million if the initial purchasers fully exercised their option to purchase additional notes.
Related Link: <a href="https://www.benzinga.com/insights/options/24/12/42486675/check-out-what-whales-are-doing-with-upst">Check Out What Whales Are Doing With UPST</a>
RIOT Price Action: At the time of writing, Riot shares are trading 8.03% higher at $13.32, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Image via Pixabay

$BTC

RIOT

What's Going On With Riot Shares Friday?

By the time you hit 61, you'd hope to have some financial footing, maybe even a retirement fund you could glance at without breaking into a cold sweat. That wasn&#8217;t the case for Teresa, a caller on <a href="https://www.benzinga.com/personal-finance/24/12/42396143/69-of-millionaires-never-earned-a-six-figure-salary-here-are-2-things-they-do-to-get-their-first-1-million-according-to-dave-ramsey">Dave Ramsey's show</a> in September 2023. She had $69,000 in debt, a $26,000 tractor and a lot of regret.&nbsp;
"I'm knocking on the door of 61," she said, her voice carrying a mix of nerves and determination. "I have no retirement money saved up whatsoever," Teresa explained. She's been working on Ramsey's famous Baby Steps, but all she has right now is $1,000 as her emergency fund. With Social Security still a few years off, she <a href="https://www.benzinga.com/personal-finance/24/11/41918104/are-you-on-track-to-retire-rich-heres-the-nest-egg-you-need-to-be-considered-a-wealthy-retiree">asked the million-dollar question</a>: Should she start contributing to her 401(k) with a company match, even though she's still on Baby Step 2?
Don't Miss:
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<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
<li>Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
<li><a href="https://www.benzinga.com/money/cd-valet-growth">CD Popularity Soars: Over 50 Million Americans Embrace Safe Savings with 5–10% Annual Growth</a></li>
</ul>
Ramsey didn't sugarcoat it. "So you're 61 and have no money?" he clarified, setting the stage for the kind of tough-love advice he's known for.
Teresa's situation unraveled further. She makes $67,000 a year but owes $11,000 on a student loan that's been around since 1999, $18,000 on a car, $12,000 on a personal loan and $26,000 on a Kubota tractor.
When Ramsey asked why she had a tractor worth more than her net worth, Teresa admitted, "Well, we're country. I use it to clear deer leases and our hunting area." Ramsey didn't hold back. "Broke people don't have $26,000 tractors," he said. She tried to defend it, explaining she'd attempted to sell it, but no one wanted to pay what she owed. Ramsey shot back with a solution: "Go to the credit union, borrow the $5,000 difference and get this tractor sold."
See Also: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
But the tractor wasn't the only thing Ramsey took issue with. Teresa owns seven acres of land worth about $4,000 in total. That tidbit left him stunned. "You've got a $26,000 tractor for a $4,000 piece of land? You guys are in <a href="https://www.benzinga.com/personal-finance/24/09/40885911/im-a-single-57-year-old-with-no-debt-1-3-million-in-savings-and-65-000-pension-can-i-retire-earl">emergency mode, girl</a>."
Teresa tried to laugh it off, calling her tractor purchase "spur-of-the-moment." Ramsey didn't have it. "It gives you joy, but not as much joy as being broke is stealing from you," he said, laying it out bluntly.
The conversation turned to action steps. Ramsey advised Teresa to sell the tractor and car and get down to the bare necessities. "You need a $2,000 car. You're trading that $18,000 car for $100,000 in retirement. You're trading that tractor for another $150,000."
The advice didn't stop there. "Every deer in the area should be scared," Ramsey joked, pushing Teresa to hunt down every dollar she could find. "Your husband needs to be afraid he's going to get sold next."
Trending: <a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a>
It wasn't all jokes, though. Ramsey acknowledged the challenge ahead. "You've lived this way for decades. Turning it around is going to feel uncomfortable. People in your life are going to think you've lost your mind. But you're fighting for a reasonable last couple of decades."
Before ending the call, Ramsey gave Teresa some advice laced with humor. "Every time you do something smart, I want you to say, ‘I'm doing this because I'm a country girl.' Don't do anything dumb and blame it on being a country girl. Quit blaming dumb stuff on country girl. Blame smart stuff on country girl because country girls do smart stuff."
CBS News reports that more than one in four older Americans are heading into retirement with no savings at all and with the youngest baby boomers hitting 65, the problem isn't getting any smaller. Living out the "American dream" in retirement feels out of reach for millions.&nbsp;
For those in their 60s still scrambling to figure it out, <a href="https://www.benzinga.com/premium/ideas/benzinga-edge/">consulting a financial advisor</a> could be the difference between making ends meet and facing years of stress. It's not too late to make smarter choices – even if it means parting ways with a $26,000 tractor.
Read Next:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a></li>
</ul>

Personal Finance

Dave Ramsey Scolds Broke 61-Year-Old With 'No Money' Who Splurged On A $26,000 Tractor – 'Quit Blaming Dumb Stuff On Being A Country Girl'

Diamondback Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) and VoltaGrid LLC inked a major deal to deploy four advanced electric <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42487626/diamondback-energy-halliburton-and-voltagrid-sign-agreement-for-four-electric-simul-frac-fleets-in" rel="noreferrer noopener">simul-frac fleets in the Permian Basin</a>.
As part of the agreement, VoltaGrid will deploy its next-generation, high-capacity simul-frac generators and expand its compressed natural gas (CNG) infrastructure at Diamondback Energy&#8217;s microgrid facility.
This expansion ensures a reliable natural gas supply, especially when pipeline gas is unavailable, enhancing operational reliability while reducing emissions.
The electric simul-frac fleets will combine Halliburton&#8217;s ZEUS 6,000-horsepower all-electric fracturing technology with VoltaGrid&#8217;s advanced power generation systems, offering a high-performance, low-carbon solution for the Permian Basin.
This collaboration highlights a significant commitment to clean and efficient energy solutions, with VoltaGrid providing approximately 200 MW of electric power for Diamondback Energy&#8217;s field operations.
Danny Wesson, Executive Vice President and Chief Operating Officer at Diamondback Energy, said, &#8220;The integration of Halliburton&#8217;s innovative electric fracturing technology and VoltaGrid&#8217;s cutting-edge power systems allows us to achieve superior performance while significantly reducing our environmental impact.&#8221;
Nathan Ough, CEO of VoltaGrid, added, &#8220;Our expanded infrastructure and advanced power systems provide the reliability and performance required to support the most demanding completion designs while driving meaningful emissions reductions.&#8221;
Price Action: HAL shares are down 0.11% at $28.86, while FANG shares rose 0.47% at $162.99 at the last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/24/12/42398337/4-energy-stocks-to-buy-for-2025" target="_blank" rel="noreferrer noopener">4 Energy Stocks to Buy for 2025</a></li>
</ul>
Image via Shutterstock.

Large Cap

Contracts

FANG

Diamondback, Halliburton, And VoltaGrid Unleash Low-Carbon Fracking Power In The Permian Basin

Benchmark analyst Cody Acree reiterates Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) with a Buy and raises the price target from $210 to $255.

Reiteration

AVGO

Benchmark Reiterates Buy on Broadcom, Raises Price Target to $255

Rivian Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares are trading higher by some 2.8% to $13.87 this week. Analyst Mickey Legg of Benchmark initiated coverage <a href="https://www.benzinga.com/analyst-ratings/initiation/24/12/42408445/rivian-stock-surges-over-11-after-analyst-says-it-is-well-positioned-to-gain-significant-share">earlier this week</a> with a Buy rating and an $18 price target.
Goldman Sachs this week said it also predicts significant advancements in autonomous vehicles by 2030, with Level 3 AVs making up 10% of new vehicle sales and over 2 million fully autonomous Level 4/5 vehicles sold annually by 2030. 
The firm maintained Neutral ratings for Tesla Inc and Rivian, highlighting Tesla&#8217;s robotaxi plans and regulatory challenges, as well as Rivian&#8217;s potential to monetize its new <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42467808/rivian-tesla-will-drive-autonomous-vehicle-progress-in-2025-goldman-sachs">Autonomy+ driver-assist platform</a>.
Read Also: <a href="https://www.benzinga.com/24/12/42484676/nvidia-amd-taiwan-semi-and-other-chip-stocks-gain-as-broadcoms-q4-sparks-sector-wide-surge">Nvidia, AMD, Taiwan Semi Gain As Broadcom&#8217;s Q4 Performance Sparks Sector-Wide Surge</a>
What To Know: Analyst Mickey Legg expressed optimism about Rivian&#8217;s ability to capture significant EV market share. Per <a href="https://www.barrons.com/articles/rivian-stock-buy-rating-3f9d249b">Barron&#8217;s</a>, Legg cited expected domestic EV production growth starting in 2025, driven by lower vehicle prices and expanded charging infrastructure.
Rivian offers the high-end R1T truck and R1S SUV, both starting around $70,000~ and plans to launch the $45,000 R2 SUV in 2026 to compete with Tesla&#8217;s Model Y. An even cheaper R3 crossover is also planned.
Although unprofitable, Rivian produced 13,157 vehicles in the third quarter and forecasts over 50,000 annual deliveries. With $6.7 billion in cash and a Volkswagen partnership, investors await its next moves.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42483141/hershey-merger-talks-fail">Hershey Merger Talks Melt: Did High Cocoa Prices, Mondelez Buyback Program Hurt Deal?</a>
<h2 class="wp-block-heading">How To Buy RIVN Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Rivian Automotive&#8217;s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, RIVN has a 52-week high of $24.62 and a 52-week low of $8.26.

RIVN

What's Going On With Rivian (RIVN) Stock?

The battle for AI supremacy isn't just about innovation — it's a clash of titans in the stock market. Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) are two names synonymous <a href="https://www.benzinga.com/topic/artificial-intelligence">with AI dominance</a>, but which one deserves a spot in your portfolio?
Let's break down the numbers and signals analysts are sending.
<h1 class="wp-block-heading">Nvidia: The AI Powerhouse</h1>
Nvidia, with its cutting-edge GPUs, has been riding high on the AI revolution, posting an 184.01% gain in the past year. But the recent months have been bumpy, with a 6.62% decline in the last 30 days, signaling headwinds for the tech giant.
Analysts from DA Davidson, Phillip Securities and Truist Securities, as an average of all three, peg Nvidia's price target at $154.67, an implied 12.44% upside from the current price of $137.34.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13105326/Screenshot-2024-12-13-at-9.23.03-PM.png" alt="" class="wp-image-691680" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13105326/Screenshot-2024-12-13-at-9.23.03-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13105326/Screenshot-2024-12-13-at-9.23.03-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
But technical indicators suggest trouble:
<ul>
<li>Eight-day SMA at $139.81: A bearish signal.</li>
<li>20-day SMA at $140.38: Another bearish signal</li>
<li>50-day SMA at $138.57: Yet another bearish.</li>
<li>200-day SMA at $115.28: A bullish signal, indicating long-term optimism.</li>
</ul>
Despite the bearish near-term trend, Nvidia's fundamentals keep it in the game, especially for long-term AI believers.
Read Also: <a href="https://www.benzinga.com/24/12/42453057/palantir-positioned-to-become-the-next-oracle-in-2025-says-dan-ives-messi-of-ai-set-for-breakout-year">Palantir Positioned To Become &#8216;The Next&#8217; Oracle In 2025, Says Dan Ives: &#8216;Messi Of AI&#8217; Set For Breakout Year</a>
<h1 class="wp-block-heading">Palantir: The AI Growth Rocket</h1>
Palantir, an analytics giant with a focus on AI-driven data solutions, has been on a jaw-dropping rally, boasting a 308.95% gain in the past year and a 20.40% surge in the past month. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13105518/Screenshot-2024-12-13-at-9.23.13-PM.png" alt="" class="wp-image-691685" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13105518/Screenshot-2024-12-13-at-9.23.13-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/13105518/Screenshot-2024-12-13-at-9.23.13-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121324&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Unlike Nvidia, Palantir's current trend is strongly bullish, backed by robust technicals:
<ul>
<li>Eight-day SMA at $72.51: A bullish signal.</li>
<li>20-day SMA at $67.94: A bullish signal.</li>
<li>50-day SMA at $55.16: Another bullish signal.</li>
<li>200-day SMA at $33.73: Yet another bullish signal, underscoring sustained momentum.</li>
</ul>
Analysts, however, have mixed feelings. Mizuho, Baird and BofA Securities give Palantir, as an average of all three, a price target of $63, implying a 14.63% downside from its current price of $73.20. This disparity suggests Palantir might be overextended in the short term, even if the technicals scream bullish.
<h1 class="wp-block-heading">Verdict: Growth Vs. Stability</h1>
If you're looking for momentum and near-term gains, Palantir might be your pick, riding its bullish wave. But if long-term AI dominance is your goal, Nvidia's fundamentals and analyst support make it a compelling choice, despite the current bearish signals.
Investors must decide: ride Palantir's rocket or bet on Nvidia's resilience?
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42443202/2025-investment-themes-ai-energy-defense-redefine-us-markets">2025 Investment Themes: AI, Energy, Defense Redefine US Markets</a></li>
</ul>
Photos: Shutterstock

NVDA

PLTR

AI Showdown Between Nvidia, Palantir: Which Stock's Dreams Shine Brighter?

B. Riley Securities analyst Kalpit Patel maintains Bicycle Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCYC#NASDAQ">BCYC</a>) with a Neutral and lowers the price target from $28 to $17.

BCYC

B. Riley Securities Maintains Neutral on Bicycle Therapeutics, Lowers Price Target to $17

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