Patagonia Gold (OTC:HGLD) Stock, Quote.Headers.trade-ideas

Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina and Chile. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria, and others.

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Source: Michael Ballanger 04/09/2024

Michael Ballanger of GGM Advisory Inc. shares his thoughts on the current state of the silver market and one copper stock he believes is a Buy.

The Silver Trade Is On

PATAGONIA GOLD CORP by Patagonia Gold Corp.

Patagonia Gold Corp

U.S. stock futures were trading higher on Friday morning, recovering from the previous day&#8217;s losses. Futures across all major indices showed gains.
Although the S&amp;P 500 ended its winning streak on Thursday, a strong Friday session could potentially result in the best weekly performance for the index since the November election.
The 10-year Treasury note yielded 4.60% and the two-year note was at 4.23%. Market expectations for the upcoming Federal Reserve meeting outcome on Jan. 31 suggest a high probability of 97.3% that the central bank will maintain interest rates at their current level, <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">according to</a> CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.48%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.33%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.06%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.19%</td>
</tr>
</tbody>
</table>
</figure>
Major stock market ETFs, such as the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), were trading higher in pre-market trading on Friday. SPY saw a 0.35% increase to $593.70, while QQQ climbed 0.44% to $515.33, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Cues From The Last Session
U.S. stocks closed <a href="https://www.benzinga.com/news/earnings/25/01/43049530/sp-500-ends-three-session-win-streak-amid-decline-in-apple-nvidia-greed-index-remains-in-fear-zone">lower </a>on Thursday, ending a three-day winning streak. The tech sector weighed heavily on the market, with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares declining significantly.
Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) and Bank of America Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) posted positive earnings reports. Whereas, retail sales growth slowed in December, and jobless claims rose slightly, potentially dampening investor sentiment.
While most sectors finished the day in positive territory, including utilities, real estate, and industrials, the technology and communication services sectors dragged down the overall market.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.89%</td>
<td>19.338.29</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.21%</td>
<td>5,937.34</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.16%</td>
<td>43,153.13</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.15%</td>
<td>2,266.79</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
As Donald Trump moves to the White House on Monday, Dec. 20, Robin Brooks, the ex-Goldman Sachs FX Strategist and a senior fellow at Brookings Institution <a href="https://www.brookings.edu/articles/china-tariffs-and-trump-2-0/">said</a> the tariff confrontation between the U.S. and China could prove detrimental to the S&amp;P 500.
China's most &#8220;potent weapon&#8221; is the depreciation of the yuan as an offset to additional U.S. tariffs. This could negatively impact the U.S. economy, potentially tightening financial conditions and weighing on the S&amp;P 500, Brooks said in his research note.
Even though the new administration may seek to mitigate this by implementing targeted tariffs or a phased-in, conditional universal tariff, he said, &#8220;Given how little is priced, it seems likely that market volatility will rise in the months ahead.&#8221;
Highlighting the corporate earnings in 2025, Callie Cox, the chief market strategist at Ritholtz Wealth Management, said in an X post &#8220;All 11 sectors are expected to report growing profits, which would be the first time that&#8217;s happened since 2018.
<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">Wall Street expects the perfect year from S&amp;P 500 companies in 2025. All 11 sectors are expected to report growing profits, which would be the first time that&#39;s happened since 2018. Think about that when you listen to management comments this season. <a href="https://t.co/HinFA3zu88">pic.twitter.com/HinFA3zu88</a>
&mdash; Callie Cox (@callieabost) <a href="https://twitter.com/callieabost/status/1880016203093332149?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Carson Research's report <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43049404/bull-markets-last-for-79-years-on-average-but-third-year-returns-can-be-weak-says-this-research-firm">analyzing</a> bull markets over the past 50 years shows that the 1987 and 2002 bull markets spanned five years each, while the 1974 bull market extended for 6.2 years.
Notably, the 2009 bull market lasted for 11 years, the longest in recent times. Additionally, the 1988 bull market held a record at 12.3 years.
On average, these five bull markets over the last 50 years were 7.9 years long.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Bull Markets Over The Last 50 Years</td>
<td>Total Duration (In Years)</td>
</tr>
<tr>
<td>August 1982-1987</td>
<td>5</td>
</tr>
<tr>
<td>October 2002-2007</td>
<td>5</td>
</tr>
<tr>
<td>September 1974 to November 1980</td>
<td>6.2</td>
</tr>
<tr>
<td>February 2009-2020</td>
<td>11</td>
</tr>
<tr>
<td>January 1988 to March 2000</td>
<td>12.3</td>
</tr>
<tr>
<td>Average</td>
<td>7.9</td>
</tr>
</tbody>
</table>
</figure>
"Looking at the previous 11 bull markets, we found the average bull lasted more than five years, suggesting even though this bull market is mighty, it could have plenty of room left to run," the note stated.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
<ul>
<li>On Friday, Housing Starts and Building Permits for December will be announced at 8:30 a.m. ET.</li>
</ul>
<ul>
<li>Industrial Production and Capacity Utilization for December is slated to release at 9:15 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Fastenal Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) was up 0.17% in premarket on Friday as Wall Street expects it to report quarterly earnings at 48 cents per share on revenue of $1.84 billion before the opening bell before the opening bell.</li>
</ul>
<ul>
<li>State Street Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) was up 0.01% ahead of its earnings before the opening bell. Analysts expect it to report quarterly earnings of $2.43 per share on revenue of $3.32 billion.</li>
</ul>
<ul>
<li>Schlumberger NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) was up 0.51% in premarket on Friday as Wall Street expects it to report quarterly earnings of 90 cents per share on revenue of $9.18 billion before the opening bell.</li>
</ul>
<ul>
<li>JB Hunt Transport Services Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) dropped 10.85% after reporting weaker-than-expected earnings for its fourth quarter on Thursday.</li>
</ul>
<ul>
<li>Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) was up 83.85% as it announced its expansion into Brazil to leverage its gamification platform to transform audience engagement across industries.</li>
</ul>
<ul>
<li>iSpecimen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>), a leading online biospecimen marketplace, was up 44.56% as it secured the critical hMPV virus specimens as cases surged in China.</li>
</ul>
<ul>
<li>Qorvo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) was up 7.09% as the activist investor Starboard Value LP reportedly acquired a 7.7% stake worth approximately $500 million in the struggling semiconductor manufacturer for potential operational changes.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.32% to hover around $78.10 per barrel.
The gold spot index was down by 0.77% to $2,729.99 per ounce. The Dollar Index was up 0.13% at 109.104 level.
Most Asian markets closed lower on Friday including Australia&#8217;s ASX 200, Japan&#8217;s Nikkei 225, and South Korea&#8217;s Kospi index. On the other hand, Hong Kong&#8217;s Hang Seng and China&#8217;s CSI 300 index advanced. European markets were trading higher.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43027048/blackrock-generates-industry-leading-etf-inflows-of-390-billion-in-2024-here-are-five-ishares-etfs-that-investors-should-look-out-for">BlackRock Generates Industry-Leading ETF Inflows Of $390 Billion In 2024: Here Are Five iShares ETFs That Investors Should Look Out For</a></li>
</ul>
Photo courtesy: Shutterstock

Equities

Economics

Pre-Market Outlook

AAPL

FAST

ISPC

JBHT

NVDA

QRVO

US Stock Likely To Open Higher Ahead of Trump's Inaugration: All 11 Sectors To Report Growing Profits In 2025, Says Analyst

Barclays analyst Tom O'Malley upgrades Lumentum Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) from Underweight to Overweight and raises the price target from $80 to $125.

Upgrades

Price Target

Analyst Ratings

LITE

Barclays Upgrades Lumentum Holdings to Overweight, Raises Price Target to $125

Truist Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) reported quarterly adjusted earnings of $0.91 per share which beat the analyst consensus estimate of $0.88 by 3.41 percent. This is a 12.35 percent increase over earnings of $0.81 per share from the same period last year. The company reported quarterly sales of $5.11 billion which beat the analyst consensus estimate of $5.06 billion by 1.01 percent. This is a 11.21 percent decrease over sales of $5.76 billion the same period last year.

Earnings

Earnings Beats

Truist Finl Q4 Adj $0.91 Beats $0.88 Estimate, Sales $5.11B Beat $5.06B Estimate

Regions Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) reported quarterly earnings of $0.59 per share which beat the analyst consensus estimate of $0.55 by 7.27 percent. This is a 13.46 percent increase over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $1.845 billion which missed the analyst consensus estimate of $1.855 billion by 0.57 percent. This is a 1.82 percent increase over sales of $1.812 billion the same period last year.

Earnings Misses

Regions Finl Q4 2024 Adj. EPS $0.59 Beats $0.55 Estimate, Sales $1.845B Miss $1.855B Estimate

Sales of Travelan increased 90% to AUD $1.851 million during December 2024 Quarter compared to AUD $1.007 million for September 2024 Quarter, a 315% increase on December 2023 Quarter.
Sales of Travelan increased 54% to AUD $2.858 million during December 2024 Half Year compared to AUD $1.853 million for December 2023 Half Year.

IMRN

Immuron Says Global Sales For December 2024 Quarter Totals AUD$2.5M Up 70% On Prior Quarter

The surviving entity is expected to be a Delaware corporation operating as Mount Logan Capital Inc. listed on Nasdaq under the symbol MLCI.&nbsp;
Shareholders holding approximately 23% of the outstanding shares of Mount Logan and approximately 20% of 180 Degree Capital signed voting agreements supporting the Business Combination, and an additional 9% of Mount Logan and 7% of 180 Degree Capital shareholders have provided written non-binding indications of support for the Business Combination.
 &nbsp;

TURN

Mount Logan Capital Enters Definitive Agreement To Combine With 180 Degree Capital In An All-stock Transaction At Estimated $113.6M Pro Forma Transaction Equity Value

Rivian Automotive Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) experienced a 4.02% increase in pre-market trading on Friday, according to&nbsp;<a href="https://pro.benzinga.com/">Benzinga Pro</a>. This comes after the company finalized a significant&nbsp;loan agreement with the U.S.&nbsp;Department of Energy (DOE) on Thursday.
The DOE Loan Programs Office has committed up to <a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/43045600/rivian-stock-is-racing-higher-after-hours">$6.6 billion in financing to Rivian</a>. This funding will support the construction of a new manufacturing facility in Georgia, which is expected to create 7,500 jobs. Construction is slated to start in 2026, with vehicle production anticipated by 2028.
Rivian&nbsp;founder and CEO RJ Scaringe stated,&nbsp;"This loan will help us&nbsp;accelerate the launch of our&nbsp;Georgia plant for R2 and&nbsp;R3, providing thousands of jobs&nbsp;in the state." The loan is divided into two phases, with the first phase receiving&nbsp;up to $3.4 billion and&nbsp;the second up to $2.6 billion.
As per Benzinga Pro data, analyst ratings for Rivian vary, with&nbsp;a consensus price target of&nbsp;$15.83. The highest target of $28 was set by Canaccord Genuity, while the lowest of $11 was issued by Mizuho. Recent ratings from&nbsp;UBS, Truist Securities, and Cantor&nbsp;Fitzgerald suggest&nbsp;an average price target of&nbsp;$13.67, indicating a potential downside.
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

General

RIVN

Rivian Shares Surge Over 4% In Friday Pre-Market Following $6.6 Billion DOE Loan Agreement

DA Davidson analyst Brent Thelman initiates coverage on Orion Gr Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORN#NYSE">ORN</a>) with a Buy rating and announces Price Target of $11.

Initiation

DA Davidson Initiates Coverage On Orion Gr Hldgs with Buy Rating, Announces Price Target of $11

Telsey Advisory Group analyst Joseph Feldman maintains Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) with a Outperform and maintains $150 price target.

Telsey Advisory Group Maintains Outperform on Target, Maintains $150 Price Target

Jimmy Donaldson, also known as MrBeast is celebrating the release of episode six of his show, &#8220;Beast Games,&#8221; on Amazon.com Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Prime Video with a mystery box giveaway.
What Happened: On Thursday, the world&#8217;s most followed YouTuber, took to X and announced the giveaway that will last 72 hours from his post.
The most liked reply to his post will win the mystery box. At the time of writing, the leading reply had garnered about 171,000 likes, with other contenders close behind.
<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">Most liked reply on this tweet gets what's in this mystery box! Will pick winner in 72 hours &#x1f92a; (btw episode 6 of beast games just dropped go watch) <a href="https://t.co/4Q1lmxLdbU">pic.twitter.com/4Q1lmxLdbU</a>
&mdash; MrBeast (@MrBeast) <a href="https://twitter.com/MrBeast/status/1879972693212303698?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/tech/24/12/42735755/mrbeasts-daring-new-challenge-live-in-a-jet-for-100-days-and-then-keep-it-are-you-game">MrBeast&#8217;s Daring New Challenge: Live In A Jet For 100 Days And Then Keep It — Are You Game?</a>
Why It Matters: &#8220;Beast Games&#8221; premiered last month. The show has already set a record on Amazon&#8217;s OTT platform, amassing 50 million views in just 25 days, <a href="https://variety.com/2025/tv/news/mrbeast-beast-games-ratings-viewers-amazon-1236276110/">reported</a> Variety.
The show, which features over 1,000 contestants and a $5 million prize, was confirmed by <a href="https://www.benzinga.com/general/entertainment/24/03/37809533/mrbeast-confirms-beast-games-on-amazon-prime-video-with-1-000-contestants-5m-prize-its-gonn">MrBeast in March 2024</a>. He described it as an &#8220;insane show.&#8221;
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Amazon made a bold move by securing &#8220;Beast Games,&#8221; reportedly <a href="https://www.benzinga.com/general/entertainment/24/01/36743469/mrbeast-could-be-bringing-reality-competitions-to-amazon-prime-video-why-this-is-a-miss-for">outbidding other streaming and media giants</a> for the content creator&#8217;s innovative game show concept.
The project reportedly cost approximately $100 million, including the construction of an entire city for the show. However, with impressive early viewership numbers, it seems the investment might prove worthwhile.
Price Action: Amazon's stock declined by 1.20% on Thursday, closing at $220.66. In after-hours trading, the shares saw a further dip of 0.12%, settling at $220.40, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42715441/openais-for-profit-transition-trumps-ai-advisor-and-googles-code-red-this-week-in-ai?itm_source=parsely-api">OpenAI's For-Profit Transition, Trump's AI Advisor, And Google's Code Red: This Week In AI</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Tech

AMZN

MrBeast Unveils Mystery Box Giveaway To Celebrate Beast Games Episode 6 Release On Amazon Prime Video

Morgan Stanley analyst James Faucette upgrades Clearwater Analytics Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWAN#NYSE">CWAN</a>) from Equal-Weight to Overweight and raises the price target from $30 to $34.

CWAN

Morgan Stanley Upgrades Clearwater Analytics Hldg to Overweight, Raises Price Target to $34

Rigetti Computing&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) has emerged as a standout in the quantum computing sector. 
What Happened: Investor&nbsp;James Foord&nbsp;claims Rigetti&nbsp;offers the highest return potential&nbsp;among quantum stocks,&nbsp;TipRanks <a href="https://www.tipranks.com/news/best-upside-in-quantum-computing-says-investor-about-rigetti-stock">reported </a>on Friday.
"Rigetti Computing offers the highest return potential among quantum stocks,"&nbsp;he said.
 Foord highlights Rigetti&#8217;s ambitious plans,&nbsp;including the development of a&nbsp;100-qubit computer by year-end, as key catalysts for potential growth. He also points to the <a href="https://www.benzinga.com/news/25/01/43001201/nvidia-announces-first-ever-quantum-day-at-gtc-2025-days-after-jensen-huang-said-quantum-computing-is-20-years-away">upcoming Quantum Day</a>, hosted by&nbsp;Nvidia&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), as a possible short-term boost for Rigetti shares.
Despite the promising outlook, Foord warns of the inherent volatility in quantum computing stocks, which often experience double-digit fluctuations. He suggests that those with a long-term perspective consider ETFs or larger companies like&nbsp;Alphabet&nbsp;or&nbsp;IBM.
On Wall Street, Rigetti&nbsp;holds a Strong Buy consensus&nbsp;with six Buy recommendations. However, the stock&#8217;s recent surge has surpassed analysts&#8217;&nbsp;projections, with a 12-month average&nbsp;price target of $6.10 indicating a potential 46% downside from current levels. Analysts may soon reassess their ratings and price targets for Rigetti.
Why It Matters: The spotlight on&nbsp;Rigetti Computing&nbsp;comes amid heightened interest in quantum computing stocks. Earlier this year,&nbsp;Jim Cramer&nbsp;of CNBC&#8217;s &#8220;Mad Money&#8221; highlighted <a href="https://www.benzinga.com/markets/equities/25/01/42993388/jim-cramer-eyes-quantum-computing-stocks-like-rigetti-after-gamestop-sell-off-warns-against-super-micro-computer-they-are-trying-so-hard-to-walk-it-up-now">Rigetti as a promising investment opportunity</a>. Cramer suggested reallocating gains from&nbsp;GameStop Corp.&nbsp;into quantum stocks, noting Rigetti&#8217;s extraordinary trading volume of 352 million shares, despite having only 280 million outstanding shares. This surge in trading activity underscores the growing investor interest in Rigetti, as well as the broader quantum computing sector.
Price Action: RGTI was down by 3.47% during pre-market hours on Friday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>. Rigetti Computing has delivered a staggering return of over 860% in the past six months.
Read Also: 
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<li><a href="https://www.benzinga.com/general/biotech/25/01/43046294/bird-flu-raising-red-flags-among-health-officials-cdc-urges-faster-testing">Bird Flu Raising Red Flags Among Health Officials, CDC Urges Faster Testing</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

Analyst Color

RGTI

RGTI Stock Offers 'Highest Return Potential' Among Quantum Computing Peers, Says Investor: Rigetti Computing Has Returned Over 860% In The Last Months

Shares of Versus Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VS#NASDAQ">VS</a>) rose sharply in today's pre-market trading after the company announced expansion into the Brazilian market as part of its strategy to grow its <a href="https://www.benzinga.com/quote/VS/news">international footprint</a>.
Versus Systems shares jumped 71.2% to $3.39 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>iSpecimen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPC#NASDAQ">ISPC</a>) gained 49.1% to $4.25 in pre-market trading after the company announced it secured a supplier for hMPV biospecimens.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) rose 33% to $27.30 in pre-market trading after the company announced it resolved its Nasdaq delisting notice and is now achieving compliance with the listing standards.</li>
<li>Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) rose 19.2% to $2.55 in pre-market trading after declining 9% on Thursday.</li>
<li>uCloudlink Group Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCL#NASDAQ">UCL</a>) gained 18.7% to $1.59 in pre-market trading. uCloudlink Group announced that it recently signed a cooperation agreement with WH Smith PLC&#8217;s InMotion Entertainment Group.</li>
<li>Treasure Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) gained 15.3% to $0.2471 in pre-market trading after gaining around 7% on Thursday.</li>
<li>TXNM Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXNM#NYSE">TXNM</a>) gained 14.3% to $55.99 in pre-market trading.</li>
<li>Treace Medical Concepts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMCI#NASDAQ">TMCI</a>) gained 14% to $9.40 in pre-market trading. On Monday, Treace announced preliminary, unaudited fourth quarter and full-year 2024 revenue.</li>
<li>LSI Industries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYTS#NASDAQ">LYTS</a>) rose 8.8% to $21.00 in pre-market trading. LSI Industries will issue fiscal 2025 second quarter results before the opening bell on Thursday, Jan. 23, 2025.</li>
<li>Orthofix Medical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OFIX#NASDAQ">OFIX</a>) gained 8.1% to $19.39 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Beasley Broadcast Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>) fell 43.8% to $5.00 in pre-market trading.</li>
<li>Viavi Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>) shares fell 19.3% to $8.10 in pre-market trading. Viavi Solutions will announce its fiscal second quarter 2025 financial results on Thursday, Jan. 30, 2025, after the close of market.</li>
<li>FOXO Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOXO#NYSE">FOXO</a>) fell 18.4% to $0.2566 in pre-market trading after gaining 58% on Thursday.</li>
<li>Nature&#8217;s Sunshine Products, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NATR#NASDAQ">NATR</a>) shares dipped 15.9% to $12.00 in pre-market trading.</li>
<li>Elicio Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELTX#NASDAQ">ELTX</a>) shares tumbled 12.8% to $5.61 in pre-market trading.</li>
<li>G. Willi-Food International Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WILC#NASDAQ">WILC</a>) shares fell 11.5% to $14.01 in pre-market trading.</li>
<li>Bicara Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCAX#NASDAQ">BCAX</a>) fell 11.5% to $10.51 in today's pre-market trading after declining 8% on Thursday.</li>
<li>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) declined 10.3% to $167.00 in pre-market trading as the company reported weaker-than-expected earnings for its fourth quarter on Thursday.</li>
<li>MiMedx Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDXG#NASDAQ">MDXG</a>) dipped 6.3% to $8.50 in pre-market trading.</li>
<li>Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>) fell 5% to $12.60 in pre-market trading after the company announced the pricing of $5.0 million public offering.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43049593/slb-jb-hunt-transport-and-3-stocks-to-watch-heading-into-friday">SLB, J.B. Hunt Transport And 3 Stocks To Watch Heading Into Friday</a></li>
</ul>

Movers

ALVO

BBGI

BCAX

ELTX

FOXO

LYTS

MDXG

NATR

NUKK

OFIX

TMCI

TXNM

VIAV

WILC

Why Versus Systems Shares Are Trading Higher By Around 71%; Here Are 20 Stocks Moving Premarket

Stifel analyst Adam Borg downgrades Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) from Buy to Hold and lowers the price target from $48 to $42.

Downgrades

Stifel Downgrades Rapid7 to Hold, Lowers Price Target to $42

Baird analyst David Rodgers upgrades Ventas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTR#NYSE">VTR</a>) from Neutral to Outperform and lowers the price target from $66 to $65.

Baird Upgrades Ventas to Outperform, Lowers Price Target to $65

Macro Economic Events

Econ #s

Eurozone Consumer Price Index (YoY) For December 2.4% Vs. 2.4% Est.; 2.2% Prior

On Thursday, Ross Gerber, CEO of Gerber Kawasaki Wealth and Investment Management, <a href="https://www.benzinga.com/general/social-media/25/01/42965533/elon-musk-emerges-as-potential-tiktok-us-buyer-as-ban-deadline-looms-company-terms-it-pure-fiction">called for a ban</a> on ByteDance-owned TikTok, citing national security risks.
What Happened: Taking to X, the wealth manager did not mince words, alleging that the app is being used by the Chinese government as a tool to manipulate and undermine the U.S.
<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">WE MUST BAN TIKTOK. END THE CHINESE CONTROL OF OUR YOUTH.
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1879960647586480441?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In a follow-up post, Gerber highlighted the app&#8217;s role in dividing Americans and supporting terrorism. &#8220;It is a national security risk. End of story. It's used to divide us and support terrorism,&#8221; he stated.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43021026/apple-stock-has-moved-up-4-2-since-iphone-16-launched-analyst-says-it-has-another-8-upside-as-manufacturing-cost-decline-bolsters-cupertinos-margins">Apple Stock Has Moved Up 4.2% Since iPhone 16 Launched, Analyst Says It Has Another 8% Upside As Manufacturing Cost Decline Bolsters Cupertino&#8217;s Margins</a>
<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">Some people out their seem to a bit _____. The Chinese government uses TikTok against America. It is a national security risk. End of story. It's used to divide us and support terrorism.
&mdash; Ross Gerber (@GerberKawasaki) <a href="https://twitter.com/GerberKawasaki/status/1879968759487893881?ref_src=twsrc%5Etfw">January 16, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: The call for a TikTok ban by Gerber comes at a time when the app&#8217;s future in the U.S. is uncertain. It is expected to take effect on Sunday.
The Joe Biden administration has <a href="https://www.benzinga.com/general/social-media/25/01/43047973/tiktok-ban-decision-left-to-trump-by-biden-administration-what-this-means-for-170-million-us-users-and-big-tech">already deferred the decision</a> on the ban to the incoming Donald Trump administration, leaving TikTok&#8217;s 170 million U.S. users in limbo.
TikTok CEO Shou Chew is reportedly <a href="https://www.benzinga.com/media/25/01/43047509/tiktok-ceo-shou-chew-to-join-trumps-inauguration-alongside-musk-bezos-and-zuckerberg-amid-looming-us-ban-report">set to attend President-elect</a> Trump's inauguration, joining other tech leaders like Elon Musk and Mark Zuckerberg.
His statement also comes amid <a href="https://www.benzinga.com/general/social-media/25/01/42994923/mrbeast-discussing-buying-tiktok-with-billionaires-to-prevent-us-shutdown-lets-see-if-we-can-pull-this-off">discussions of potential buyers</a> for TikTok&#8217;s U.S. operations, including Jimmy Donaldson, popularly known as MrBeast, and Tesla CEO Musk.
Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43018848/those-are-air-bubbles-the-time-steve-jobs-rejected-the-first-ipod-prototype-and-pushed-apple-engineers-to-think-smaller">Steve Jobs Dropped The First iPod Prototype In A Fish Tank And It Wasn&#8217;t To Test If It Was Waterproof</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Social Media

Tesla Bull Ross Gerber Demands TikTok Ban Calling It A 'National Security Risk' Amid Reports That Elon Musk May Buy It

Eurozone Consumer Price Index (MoM) For December 0.4% Vs. 0.4% Est.; -0.3% Prior

Eurozone Core Consumer Price Index (YoY) For December 2.7% Vs. 2.7% Est.; 2.7% Prior

Supported by investments from the State of New York and the U.S. Department of Commerce, the first-of-its-kind center aims to enable semiconductors to be securely manufactured, processed, packaged and tested entirely onshore in the United States to meet the growing demand for GF's silicon photonics and other essential chips needed for critical end markets including AI, automotive, aerospace and defense, and communications.

GlobalFoundries Announces Plans To Create New Center For Advanced Packaging And Testing Of U.S.-made Essential Chips Within Its New York Manufacturing Facility

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