Generic Gold (OTC:GGCPF) Stock, Quote.Headers.trade-ideas

Generic Gold Corp is a gold exploration company. It is focused on gold projects in the Abitibi Greenstone Belt in Quebec, and the Gold Belt in the Yukon Territory of Canada. The company's project includes the Belvais project and the Yukon project. The company's operations comprise a single reporting operating segment engaged in mineral exploration in Canada.

Generic Gold Corp

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-09_09h31_42.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Google Breakup?</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-google-breakup-nvidia-ai-summit-goog-mc-10092024">click here</a> for an enlarged chart of Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of GOOG stock is being used to illustrate the point.</li>
<li>One of the concerns about big tech is that big tech has profited from monopolistic practices, and as such, the government will move against big tech. So far, these concerns have been limited to smart money. The momo crowd has been oblivious and aggressively buying big tech, running the stocks up higher and higher.  The reason is that the momo crowd does not do much analysis. The momo crowd is driven by momentum and hopium.</li>
<li>The news is that the Department of Justice (DOJ), in a court filing, has put the breakup of Google on the table.&nbsp; Previously, the judge had ruled that Google is a monopolist and established its monopoly with illegal practices.</li>
<li>The chart shows that there has not been much of a reaction to the news.</li>
<li>The chart shows that previously there was some downward reaction to the news that a judge ordered Google to open the app store to competition.</li>
<li>Google faces a separate lawsuit threatening the breakup of its online advertising business.</li>
<li>The chart shows that volume was low on the threat of a breakup and also on the order to open the app store. This indicates that so far the stock market does not believe the news will harm Google. This is for two reasons:
<ul>
<li>There is flawed analysis in the market that the sum of the parts is more than the current stock price. In The Arora Report analysis, the reason that the belief in the stock market is wrong is because the parts as separate companies will be restricted from continuing illegal monopolistic practices.</li>
<li>The election is only a few weeks away. The belief in the stock market is that both Trump and Harris will be friendly to big tech.</li>
</ul>
</li>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock has staged a strong move leading to and in response to its AI Summit. However, the resistance zone is around $140, only $6 away. If NVDA stock breaks above the resistance zone, it will be a big positive for the stock market, especially AI stocks. On the other hand, if this rally fails to break above the resistance zone, it will be a negative.</li>
<li>There are rumors of a potential ceasefire in Lebanon. Hezbollah has publicly endorsed ceasefire efforts. This is leading to selling in oil, gold, and Treasuries.</li>
<li>FOMC minutes will be released at 2pm ET.</li>
</ul>
<h3 class="wp-block-heading">China</h3>
Stocks in China experienced another sell-off. More stimulus news is expected on Saturday.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and NVDA.
In the early trade, money flows are neutral in Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), and GOOG.
In the early trade, money flows are negative in Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are mixed 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>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
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. 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.  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. 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.  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. High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
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. 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>.

Market Summary

Markets

Tech

General

$BTC

AAPL

AMZN

GOOG

MSFT

NVDA

TSLA

Google Breakup On The Table, Nvidia AI Summit Moves The Stock But Resistance Ahead

Wells Fargo analyst Michael Brown maintains KKR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) with a Equal-Weight and raises the price target from $130 to $139.

News

Price Target

Analyst Ratings

Wells Fargo Maintains Equal-Weight on KKR, Raises Price Target to $139

RBC Capital analyst Sean Dodge maintains Teladoc Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) with a Outperform and raises the price target from $9 to $10.

TDOC

RBC Capital Maintains Outperform on Teladoc Health, Raises Price Target to $10

Wells Fargo analyst Michael Brown maintains Janus Henderson Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) with a Equal-Weight and raises the price target from $37 to $38.

Janus Henderson Group plc Ordinary Shares

Wells Fargo Maintains Equal-Weight on Janus Henderson Group, Raises Price Target to $38

Wells Fargo analyst Michael Brown maintains Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) with a Underweight and raises the price target from $16 to $16.5.

Wells Fargo Maintains Underweight on Invesco, Raises Price Target to $16.5

Wells Fargo analyst Michael Brown maintains Hamilton Lane (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HLNE#NASDAQ">HLNE</a>) with a Equal-Weight and raises the price target from $156 to $170.

HLNE

Wells Fargo Maintains Equal-Weight on Hamilton Lane, Raises Price Target to $170

Wells Fargo analyst Michael Brown maintains Franklin Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) with a Equal-Weight and lowers the price target from $20 to $19.

Wells Fargo Maintains Equal-Weight on Franklin Resources, Lowers Price Target to $19

O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) has outperformed the market over the past 20 years by 14.38% on an annualized basis producing an average annual return of 22.92%. Currently, O'Reilly Automotive has a market capitalization of $68.61 billion. 
Buying $1000 In ORLY: If an investor had bought $1000 of ORLY stock 20 years ago, it would be worth $62,975.19 today based on a price of $1182.14 for ORLY at the time of writing.
<h3>O'Reilly Automotive's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728487816_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.

Trading Ideas

ORLY

Here's How Much You Would Have Made Owning O'Reilly Automotive Stock In The Last 20 Years

ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) has outperformed the market over the past 5 years by 13.52% on an annualized basis producing an average annual return of 27.51%. Currently, ServiceNow has a market capitalization of $190.31 billion. 
Buying $100 In NOW: If an investor had bought $100 of NOW stock 5 years ago, it would be worth $343.11 today based on a price of $924.47 for NOW at the time of writing.
<h3>ServiceNow's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728487810_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.

If You Invested $100 In This Stock 5 Years Ago, You Would Have $300 Today

In the current market session, Commercial Metals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMC#NYSE">CMC</a>) stock price is at $52.27, after a 0.62% drop. However, over the past month, the company's stock increased by 7.41%, and in the past year, by 19.65%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is not performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1728487808_0.png" alt="Past Year Chart" />

<h3>Evaluating Commercial Metals P/E in Comparison to Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Commercial Metals has a lower P/E than the aggregate P/E of 20.65 of the Metals &amp; Mining industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1728487808_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.

Intraday Update

Price Over Earnings Overview: Commercial Metals

CLIK

Click Holdings Shares Resume Trading

Wells Fargo analyst Michael Brown maintains Brookfield Asset Mgmt (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAM#NYSE">BAM</a>) with a Underweight and raises the price target from $42 to $48.

Wells Fargo Maintains Underweight on Brookfield Asset Mgmt, Raises Price Target to $48

Wells Fargo analyst Michael Brown maintains Bridge Investment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRDG#NYSE">BRDG</a>) with a Overweight and raises the price target from $11 to $11.5.

BRDG

Wells Fargo Maintains Overweight on Bridge Investment Group, Raises Price Target to $11.5

RBC Capital analyst Brian Abrahams maintains Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) with a Sector Perform and raises the price target from $425 to $437.

VRTX

RBC Capital Maintains Sector Perform on Vertex Pharmaceuticals, Raises Price Target to $437

Wells Fargo analyst Michael Brown maintains Blue Owl Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OWL#NYSE">OWL</a>) with a Equal-Weight and raises the price target from $18.5 to $21.

Wells Fargo Maintains Equal-Weight on Blue Owl Cap, Raises Price Target to $21

Click Holdings Ltd Shares Halted On Circuit Breaker To The Downside

Bitwise Chief Investment Officer Matt Hougan has outlined a &#8220;playbook&#8221; for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to reach $80,000 by the end of 2024, highlighting key factors that could drive the cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41172369/bitcoin-not-a-safe-haven-but-rising-trump-odds-could-fuel-a-rally-standard-chartered">to new heights</a>.
What Happened: In his <a href="https://experts.bitwiseinvestments.com/cio-memos/the-q4-melt-up-a-playbook-to-80k-bitcoin-and-beyond">memo</a> on Wednesday, Hougan reaffirms his prediction from last year, emphasizing that this forecast is conditional on several factors, primarily related to political, economic and crypto-specific developments.
Regarding the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41214859/this-polymarket-trader-holds-6-4-million-in-donald-trump-election-bets-if-not-musk-definit">U.S. election</a>, Hougan suggests that any outcome other than a Democratic sweep would be favorable for Bitcoin. He notes, &#8220;To thrive, bitcoin doesn&#8217;t need politicians. It just needs them to get out of the way.&#8221; 
Hougan cites Polymarket data showing a 20% probability of a Democratic sweep.
On the economic front, Hougan believes <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41223041/ny-fed-president-remains-confident-in-well-positioned-economy-for-soft-landing-amid">two rate cuts</a> from the Federal Reserve and additional global stimulus, particularly <a href="https://www.benzinga.com/markets/24/10/41207862/stimulus-fueled-china-stock-rally-set-to-fizzle">from China</a>, could propel Bitcoin&#8217;s growth. He points out that the market is already anticipating &#8220;an additional 50 bps in easing from the Federal Reserve by year&#8217;s end, and additional fiscal stimulus from China as well.&#8221;
The third crucial factor Hougan identifies is the absence of major negative surprises in the crypto space, such as <a href="https://www.benzinga.com/markets/asia/24/09/40712420/north-korean-hackers-escalate-crypto-heists-funds-stolen-double-to-1-6b">significant hacks</a> or lawsuits. He states, &#8220;If we can make it through the end of the year without similar shocks, I&#8217;d expect new all-time highs and beyond.&#8221;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41247885/maxine-waters-fuels-optimism-for-stablecoin-legislation-deal-with-chairman-mchenry-before-">Maxine Waters Fuels Optimism For Stablecoin Legislation Deal With Chairman McHenry Before 2024 Ends</a>
Hougan also suggests that a broader rally in the altcoin market could contribute to Bitcoin&#8217;s rise, potentially pushing it towards $100,000 in a short period. He draws parallels to the &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/21/07/22198442/defi-summer-is-here-the-blockchain-is-heating-up">DeFi Summer</a>&#8221; of 2020, which generated excitement across the crypto sector.
Hougan concludes by highlighting Bitcoin&#8217;s strong performance in 2024 so far, noting its 49% increase and significant <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40916462/michael-saylor-bitcoin-to-hit-13m-by-2045-will-get-us-to-a-different-place">institutional adoption</a>. He remains confident in Bitcoin&#8217;s long-term prospects, stating, &#8220;All this suggests to me that we&#8217;ll get to $80,000 (and much more) next year, almost regardless of news developments.&#8221;
What's Next:&nbsp;The influence of the election outcome on the cryptocurrency sector will be a central topic at the upcoming Benzinga&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41053101/maxine-waters-says-crypto-is-inevitable-other-countries-are-way-ahead-of-the-united-states">Maxine Waters Says &#8216;Crypto Is Inevitable,&#8217; Other Countries Are &#8216;Way Ahead&#8217; Of The United States</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

Bitcoin 'Playbook' Revealed: $80K By Year-End, Says Investment Expert

Wells Fargo analyst Michael Brown maintains Blackstone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) with a Overweight and raises the price target from $163 to $169.

Wells Fargo Maintains Overweight on Blackstone, Raises Price Target to $169

Wells Fargo analyst Michael Brown maintains BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Overweight and raises the price target from $1000 to $1070.

Wells Fargo Maintains Overweight on BlackRock, Raises Price Target to $1070

Wells Fargo analyst Michael Brown maintains Ares Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARES#NYSE">ARES</a>) with a Equal-Weight and raises the price target from $156 to $172.

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Generic Gold

Generic Gold (GGCPF) Forecast

Generic Gold (OTC:GGCPF) Stock, Quote.Headers.trade-ideas