MULTI UNITS LUXEMBOURG by Multi Units Luxembourg Sicav Stock (OTC: LLXXF)

MULTI UNITS LUXEMBOURG by Multi Units Luxembourg Sicav (OTC:LLXXF) Stock, Quote.Headers.trade-ideas

MULTI UNITS LUXEMBOURG by Multi Units Luxembourg Sicav

Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) with a Outperform and raises the price target from $53 to $55.

News

Price Target

Analyst Ratings

Keefe, Bruyette & Woods Maintains Outperform on OFG Bancorp, Raises Price Target to $55

Alaska Air Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>) shares are trading higher premarket on Thursday. On Wednesday, the company reported fourth-quarter sales&nbsp;of $3.53 billion, which surpassed <a target="_blank" href="http://benzinga.com/pressreleases/25/01/n43150127/alaska-air-group-reports-fourth-quarter-and-full-year-2024-results" rel="noreferrer noopener">the street view of&nbsp;$3.43 billion</a>.
The quarterly revenue exceeded expectations for both Alaska and Hawaiian, aided by strong leisure demand and a rebound in corporate travel.
Favorable winter weather enabled reliable operations during the holiday season, with a higher-than-expected completion rate and load factor.
The Seattle-based company disclosed capacity (available seat miles) growth of 2.5% Y/Y and operating revenue per available seat miles increase of 7% Y/Y in the quarter.
Unit revenues, which turned positive in August, improved sequentially from 1% in the third quarter to 7% in the fourth quarter.
This momentum has continued into the early first quarter, thanks to close-in booking strength and a stable industry capacity outlook, positioning us for a solid start to 2025.
Unit costs rose 8.6% yearly but came in better than guidance, as disciplined non-fuel cost control offset higher performance-based pay accruals and increased capacity from improved completion rates.
While 2024 unit costs remain pressured by aircraft delivery delays, the company expects it to improve in 2025 as resource levels and capacity normalize.
Adjusted EPS of 97 cents, beating <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">the consensus of $0.44</a>.
Adjusted EPS came about 50 cents above the midpoint guidance, led by revenue growth, cost improvements, and a decline in non-operating expenses.
CEO Ben Minicucci said, &#8220;This was a transformational year as we brought Hawaiian Airlines into Alaska Air Group and began our journey to unlock $1 billion in incremental pretax profit over the next three years.&#8221;
The company generated an operating cash flow of $1.5 billion in 2024. As of Dec. 31, the company&#8217;s cash and cash equivalents stood at $1.2 billion.
Buyback: The company repurchased 3.9 million shares of common stock for around $250 million&nbsp;in the fourth quarter, bringing total repurchases to 5.5 million shares for&nbsp;$312 million&nbsp;in 2024.
The company authorized a new&nbsp;share repurchase plan of $1 billion to be executed over the next four years, with repurchases beginning in&nbsp;January 2025.
Outlook: Alaska Air projects a first-quarter adjusted EPS loss of 70 cents to 50 cents vs. a consensus loss of 70 cents and sees FY25 adjusted EPS of greater than $5.75 compared <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">to a consensus loss of $5.90</a>.
Investors can gain exposure to the stock via&nbsp;Themes Airlines ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRL#NASDAQ">AIRL</a>) and iShares Focused Value Factor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOVL#NYSE">FOVL</a>).
Price Action: ALK shares are up 2.21% at $68.89&nbsp; premarket at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/travel/25/01/43062173/bank-of-america-delta-united-to-lead-airline-industry-in-2025" target="_blank" rel="noreferrer noopener">Bank Of America: Delta, United To Lead Airline Industry In 2025</a></li>
</ul>
Image: Shutterstock

Earnings

Equities

Mid Cap

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Dividends

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Movers

AIRL

FOVL

Alaska Air Credits Q4 Revenue Jump To Strong Travel Demand, Confirms $1 Billion Share Buyback Plan

Tamboran Resources Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TBN#NYSE">TBN</a>) is making strides in the natural gas sector through a newly established non-binding <a href="https://www.benzinga.com/pressreleases/25/01/b43149117/tamboran-and-santos-execute-mou-to-progress-studies-for-darwin-lng-expansion" target="_blank" rel="noreferrer noopener">Memorandum of Understanding </a>with Santos Limited<a href="https://www.benzinga.com/pressreleases/25/01/b43149117/tamboran-and-santos-execute-mou-to-progress-studies-for-darwin-lng-expansion" target="_blank" rel="noreferrer noopener">.</a>
This collaboration aims to conduct technical studies for a potential expansion of the Darwin LNG facility, specifically focusing on the development of Train 2, which could add approximately 6 million tons per annum to the existing capacity of 10 MTPA.
The partnership centers around the jointly owned EP 161 acreage in the Beetaloo Basin, where Santos operates with a 75% interest and Tamboran holds 25%.
This region, encompassing around 300,000 acres of Mid Velkerri B Shale, has shown promising results from previous drilling activities, including the successful flow testing of two Tanumbirini wells in 2022, which demonstrated Marcellus Basin-type decline curves.
Read Next:&nbsp;&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/01/43119637/michael-saylors-proposal-to-increase-microstratagys-share-count-approved-by-shareholders-more-bitcoin-purchases-on-the-cards" rel="noreferrer noopener">Michael Saylor's Proposal To Increase MicroStratagy's Share Count Approved By Shareholders — More Bitcoin Purchases On The Cards?</a>
Tamboran&#8217;s managing director and CEO, Joel Riddle, emphasized the significance of this MOU, stating it aims to explore commercialization options for utilizing the extensive gas resources in the Beetaloo Basin to support the DLNG expansion.
&#8220;With multiple commercialization pathways via LNG markets at Darwin and Gladstone and the East Coast domestic gas market, Tamboran is well positioned to assess opportunities to accelerate value for our shareholders,&#8221; Riddle said.
With approximately two million net prospective acres, Tamboran is well-positioned to supply both the Australian domestic gas market and international LNG markets.
The collaboration not only seeks to enhance energy supply but also aims to generate economic benefits for the Northern Territory, including job creation and royalties for local communities.
As discussions progress, Tamboran and Santos are poised to unlock the potential of this significant shale gas resource, contributing to the future of LNG in Australia.
Price Action: TBN shares are trading lower by 0.84% to $21.33&nbsp;premarket at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/management/25/01/43073354/warren-buffett-openly-called-bitcoin-a-rat-poison-in-2018-7-years-later-he-is-invested-in-this-crypto-linked-stock-which-soared-27-in-2024" target="_blank" rel="noreferrer noopener">Warren Buffett Openly Called Bitcoin A ‘Rat Poison' In 2018. 7 Years Later, He Is Invested In This Crypto-Linked Stock Which Soared 27% In 2024</a></li>
</ul>

Markets

General

Tamboran Resources And Santos Forge Partnership To Explore Darwin LNG Expansion

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains Fulton Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FULT#NASDAQ">FULT</a>) with a Market Perform and raises the price target from $23 to $24.

FULT

Keefe, Bruyette & Woods Maintains Market Perform on Fulton Financial, Raises Price Target to $24

Biotech

AIM ImmunoTech Announces Study 'Study to Evaluate the Efficacy and Safety of Ampligen in Patients With Post-COVID Conditions' Was Posted To ClinicalTrials.gov

American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) stock plunged after the company reported <a target="_blank" href="https://www.benzinga.com//node/43155792" rel="noreferrer noopener">fourth-quarter 2024 results and weak outlook.</a>
The airline&#8217;s operating revenue grew 4.6% year-over-year to $13.66 billion, beating the consensus of $13.395 billion. The revenue increase was fueled by capacity adjustments and demand strength.
The adjusted operating margin stood at 8.4% compared to 5.1% a year ago. The company reported adjusted EPS of $0.86, up from $0.29 a year ago, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">above the consensus of $0.64.</a>
The company generated an operating cash flow of $3.983 billion for fiscal 2024, up from $3.803 billion a year ago, and a free cash flow of ~$2.201 billion. The company ended the year with $10.3 billion in available liquidity.
In the&nbsp;fourth quarter&nbsp;of 2024, American Airlines met its $15 billion debt reduction target from mid-2021 peak levels, achieving the goal a year earlier than planned.
Revenue passenger miles increased by 4.0%, Available seat miles were up by 2.5%, and the passenger load factor for the quarter was 84.9% compared to 83.6% in the same quarter last year.
The average aircraft fuel price, including related taxes (dollars per gallon), fell 23.5% YoY to $2.34, and the operating cost per ASM reduced by 1.5%.
Related: <a target="_blank" href="https://www.benzinga.com/general/travel/25/01/43140360/american-airlines-charts-are-bullish-can-q4-earnings-keep-the-altitude" rel="noreferrer noopener">American Airlines Charts Are Bullish: Can Q4 Earnings Keep The Altitude?</a>
During the quarter, American Airlines announced an exclusive 10-year co-branded credit card partnership with Citi, aimed at providing enhanced value for AAdvantage and Citi-branded cardholders.
&#8220;We continue to run a reliable operation, and we are reengineering the business to build an even more efficient airline. That, coupled with our commercial actions, resulted in strong financial performance in the fourth quarter. As we look ahead to this year, American remains well-positioned because of the strength of our network, loyalty and co-branded credit card programs, fleet and operational reliability, and the tremendous work of our team,&#8221; commented American&#8217;s CEO&nbsp;Robert Isom.
Q1 Guidance: American Airlines expects adjusted EPS loss to be between $0.20 to $0.40 versus a $0.04 loss estimate and adjusted operating margin of ~ flat to 1%.
AAL expects first-quarter revenue to increase 3%- 5% year over year and total capacity to be ~flat to -2%.
2025 Guidance: American Airlines expects an adjusted EPS of $1.70 to $2.70 versus the consensus of $2.42. It <a href="https://www.benzinga.com/calendars/guidance">expects revenue growth of 4.5% to 7.5%.</a>
Price Action: AAL shares are trading lower by 5.57% at $17.62 premarket at the last check Thursday.
Photo via Shutterstock.

Large Cap

American Airlines Q4: Earnings Beat, Debt Milestone, Lackluster Guidance And More

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) with a Outperform and lowers the price target from $82 to $77.

Keefe, Bruyette & Woods Maintains Outperform on Comerica, Lowers Price Target to $77

Keefe, Bruyette &amp; Woods analyst Christopher Mcgratty maintains Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Market Perform and lowers the price target from $56 to $55.

CATY

Keefe, Bruyette & Woods Maintains Market Perform on Cathay General, Lowers Price Target to $55

UBS analyst Danielle Antalffy maintains Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) with a Buy and raises the price target from $146 to $148.

UBS Maintains Buy on Abbott Laboratories, Raises Price Target to $148

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remains firmly above $100,000 but anaemic trading action over the past 48 hours has increased anxiety in the cryptocurrency community <a href="https://www.benzinga.com/money/bitcoin-price-prediction">over potential downtrends.</a>
What Happened: Despite Bitcoin touching all-time highs last week, the current sentiment is predominantly negative, primarily due to several factors, crypto influencer Miles Deutscher pointed out in a <a href="https://x.com/milesdeutscher/status/1882285069743874332">post</a> on X on Wednesday.
Many investors predominantly hold altcoins, most of which have lagged Bitcoin&#8217;s performance. 
The frequent false starts of "alt seasons" contribute to growing skepticism among participants, leading to a diminished belief in potential gains as time progresses without substantial price movements.
Additionally, the rapid shifts in market dynamics create an overwhelming environment for those not dedicating significant time to market analysis, exacerbated by the fear of missing out (FOMO). 
The absence of a guiding principle in the market post-inauguration, coupled with an impending Federal Open Market Committee meeting next week, heightens uncertainty.
Furthermore, the swift advancement of artificial intelligence introduces a unique form of time-sensitive FOMO, as individuals increasingly seek quick financial success to alleviate anxiety stemming from their perceived lag in comparative success.
The trader also sees factors like lack of clear macro direction, reliance on the four-year cycle theory, among many others.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43136512/bitcoin-is-no-threat-to-the-us-dollar-goldman-sachs-ceo-says">Bitcoin Is No &#8216;Threat&#8217; To The US Dollar, Goldman Sachs CEO Says</a>
Why It Matters: Despite these challenges, the cryptocurrency market remains rife with opportunities, and recent fluctuations serve as a reminder of the potential for quick reversals in sentiment. 
Deutscher concluded, "You just have to stay in the game (do whatever you need to not to get shaken out &#8211; even if it means stepping away for a bit)."
In another post, Deutscher noted that Bitcoin is the easiest trade of the next decade, citing better returns and reward in comparison to gold and equities. 
He also revealed that the last time he added BTC to his long-term portfolio was at $52,000 and <a href="https://x.com/milesdeutscher/status/1882275632299782335">looks</a> to add on the next major correction.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43123173/3-reasons-why-bitcoin-could-hit-122000-soon-10x-research">3 Reasons Why Bitcoin Could Hit $122,000 Soon: 10x Research</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

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

Cryptocurrency

$BTC

Bitcoin At $102,000 But Why Does The Market Feel So Bearish?

Gen-3 satellites to add very high-resolution 35-centimeter imagery to the company's AI-enabled dynamic monitoring platform
BlackSky Technology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKSY#NYSE">BKSY</a>) ships its first Gen-3 satellite to launch provider Rocket Lab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) today. The satellite is planned for launch in February from Rocket Lab Launch Complex 1 in Mahia, New Zealand. The Gen-3 constellation will offer customers new mission critical insights with the addition of very high-resolution, rapid-revisit 35-centimeter imagery and AI-enabled analytics delivered at industry-leading speed and scale.

BlackSky Technology Inc. Class A Common Stock

BKSY

RKLB

BlackSky Announces Shipment Of First Gen-3 Satellite For February Launch By Rocket Lab, Adding High-Resolution 35cm Imagery And AI Analytics

ZENA

ZenaTech Acquires KJM Land Surveying LLC, Terms Not Disclosed

WIIM

Haoxi Health Technology shares are trading lower after the company announced a 1-for-25 reverse stock split.

OSI Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSIS#NASDAQ">OSIS</a>) announced its Q2 earnings on Thursday, January 23, 2025 at 08:30 AM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
OSI Systems beat estimated earnings by 4.0%, reporting an EPS of $2.42 versus an estimate of $2.33.
Revenue was up $46.59 million from the same period last year.
<h3>Previous Earnings Records</h3>
The company beat on EPS by $0.18 in the previous quarter, leading to a 2.0% drop share price change the next day.
Here's a look at OSI Systems's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.07</td>
<td>2.79</td>
<td>2.10</td>
<td>1.74</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.25</td>
<td>2.84</td>
<td>2.16</td>
<td>2.21</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>316.13M</td>
<td>466.48M</td>
<td>403.46M</td>
<td>362.55M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>344.01M</td>
<td>480.91M</td>
<td>405.41M</td>
<td>373.24M</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
OSI Systems management provided guidance for FY 2025, expecting earnings between $9.1 and $9.4 per share.
To track all earnings releases for OSI Systems <a href="https://www.benzinga.com/quote/OSIS/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

OSIS

OSI Systems: Q2 Earnings Insights

Lead Real Estate Co., Ltd (NASDAQ:<a href="https://www.benzinga.com/stock/LRE#NASDAQ">LRE</a>) ("LRE," or the "Company"), a Japanese real estate developer of luxury residential properties including single-family homes, condominiums, and hotels (ENT TERRACE series) in Tokyo, Kanagawa Prefecture, and Sapporo City, Japan, today announced its entry into a business alliance agreement, effective November 28, 2024, with interior design firm Prostyle Design, Co., Ltd. (Shibuya-ku, Tokyo; President: Nobuhiro Koga).
The purpose of the agreement is to maximize the value of clients' assets by collaborating in the procurement, planning, development, and sales of luxury detached houses, commercial hotel buildings, and condominiums in prime locations in Tokyo, including Minato-ku, Shibuya-ku, and Chuo-ku, for the ultra-wealthy, using world-class design and top brand furniture.
Prostyle Design specializes in the interior design of luxury residences, commercial buildings, condominiums, and commercial stores based on the concept of "Living with Food, Clothing, Shelter, and Pleasure."
Lead Real Estate will continue to strive for further growth with the cooperation of its existing partners.

Global

Lead Real Estate Announces Business Alliance With Prostyle Design To Enhance Luxury Development In Tokyo

Scotiabank analyst Daniel Tricarico downgrades American Homes 4 Rent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMH#NYSE">AMH</a>) from Sector Outperform to Sector Perform and announces $38 price target.

Downgrades

Scotiabank Downgrades American Homes 4 Rent to Sector Perform, Announces $38 Price Target

The Defiance Quantum ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTUM#NASDAQ">QTUM</a>) has surpassed $1 billion in assets under management. This milestone highlights the growing buzz around <a href="https://www.benzinga.com/topic/quantum-computing">quantum computing's transformative</a> potential, and it's no surprise—Defiance Quantum ETF delivered a stellar performance in 2024, surging over 50% by year-end.
The ETF focuses on companies at the center of quantum computing innovation, such as D-Wave Quantum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>), IonQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), and Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>).
Notably, D-Wave Quantum&nbsp;<a href="https://www.benzinga.com/markets/equities/25/01/43134701/d-wave-unveils-leap-quantum-launchpad-program-with-free-trials-details">announced its new Leap Quantum LaunchPad</a> program to expedite the&nbsp;adoption of quantum computing applications.
How Quantum Computing Is Changing The Game
In a chat with Benzinga, Sylvia Jablonski, the CEO of Defiance ETFs shared her excitement about the industry's potential. "Quantum computing holds the potential to revolutionize sectors such as cryptography, optimization, and complex simulations. Industries like pharmaceuticals, finance, training machine learning, robots, driverless cars, healthcare, and logistics are expected to benefit in the near term through enhanced computational capabilities, leading to accelerated research and optimized operations," she said.
The Market's Turning Point
The quantum computing market isn't just a dream anymore. "As of 2024, the quantum computing market is transitioning from experimental phases to early commercialization," Jablonski noted. "Companies are developing quantum hardware and software solutions, with increasing investments indicating momentum toward practical applications. It was a $1 billion market last year, set to grow at a potential 35% or more CAGR." 
The strong performance of Defiance Quantum ETF and stocks like Rigetti Computing, IonQ, and D-Wave Quantum shows just how much excitement is building in this space.
Hidden Gems In Quantum Computing
While the big tech players often grab headlines, Jablonski sees big opportunities in smaller, specialized firms. "Smaller firms like IonQ and Rigetti Computing may offer significant growth potential as the industry evolves," she said. These companies could be the dark horses driving the next wave of innovation.
A Mainstream Investment Theme in the Making
Quantum computing can potentially become a mainstream investment theme. Jablonski advised investors to keep an eye on key developments in this space, namely, quantum hardware scalability, error correction breakthroughs, and real-world applications. 
"While there is some debate on when this plays out, technology is moving fast, and the need for supercomputing continues to grow," she added.
Defiance ETFs: A Visionary Approach
Defiance ETFs has been investing in quantum computing since 2018. Reflecting on this journey, Jablonski said, "We knew that AI and machine learning would become hot topics in markets and where research dollars would flow. We believed that in order for AI and machine learning to work effectively, loads of data would need to be processed in parallel, quickly, and outside the scope of a classic computer.&#8221;
&#8220;Quantum and supercomputing will have their day in the sun, and this year's price activity tells us that investors are picking up on that," she added.
See Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/25/01/43135764/trumps-500-billion-stargate-ai-plan-puts-3-etfs-in-focus">Trump&#8217;s $500 Billion Stargate AI Plan Puts 3 ETFs In Focus</a></li>
</ul>
Photo: Shutterstock

Emerging Market ETFs

Exclusives

Tech

Interview

ETFs

IONQ

QBTS

QTUM

RGTI

Defiance Quantum ETF Hits $1 Billion Milestone As CEO Talks Future Of Industry

Independent Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBCP#NASDAQ">IBCP</a>) reported quarterly earnings of $0.87 per share which beat the analyst consensus estimate of $0.76 by 14.47 percent. The company reported quarterly sales of $42.85 million which met the analyst consensus estimate. This is a 6.83 percent increase over sales of $40.11 million the same period last year.

Earnings Beats

IBCP

Independent Bank Q4 2024 GAAP EPS $0.87 Beats $0.76 Estimate

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/01/22/final-trades-applovin-the-ibit-and-the-iyc.html">Halftime Report Final Trades</a>,&#8221; Joseph M. Terranova of Virtus Investment Partners named AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) as <a href="https://www.benzinga.com/quote/APP/analyst-ratings">his final trade</a>.
Supporting his view, UBS analyst John Hodulik, on Wednesday, maintained AppLovin with a Buy rating and increased the price target from $315 to $440. Also Wells Fargo analyst Alec Brondolo, on Jan. 13, maintained the stock with an Overweight rating and raised the price target from $360 to $366.
Shannon Saccocia of NB Private Wealth picked iShares US Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYC#NYSE">IYC</a>).
 Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Rounding out the trades, Stephen Weiss of Short Hills Capital Partners named iShares Bitcoin Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NYSE">IBIT</a>) as his final trade.
Bitcoin, meanwhile, traded slightly below $102,000 at last check Thursday morning. 
Though the <a href="https://www.benzinga.com/25/01/43087038/trump-names-uyeda-acting-sec-chair-as-crypto-regulations-get-set-for-a-makeover">SEC under acting chairman</a> Mark Uyeda launched a dedicated cryptocurrency task force to frame regulations for the industry, investors have been left disappointed due to no cryptocurrency-related executive <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43150757/bitcoin-ethereum-dogecoin-drop-amid-stock-rally-cooling-investor-sentiment-on-trump-analyst-projects-btc-at-150k-if-history-repeats">orders from Trump thus far.</a>
Price Action:
<ul>
<li>AppLovin shares gained 6.9% to close at $361.72 during Wednesday's session.</li>
<li>iShares US Consumer Discretionary ETF rose slightly by 0.04% during Wednesday's session.</li>
<li>iShares Bitcoin Trust fell 1.7% to close at $59.38 on Wednesday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/25/01/43126364/jim-cramer-this-tech-stock-is-a-buy-amd-is-a-great-company">Jim Cramer: AMD Is A &#8216;Great&#8217; Company, Hold Onto Dow Inc.</a></li>
</ul>
Image: Courtesy of AppLovin

Long Ideas

Media

Trading Ideas

IBIT

iShares Trust Dow Jones USnsumer Services Sector Index Fund

AppLovin, IBIT And More: CNBC's 'Final Trades'

D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) is seeing a dip in premarket trading, despite successfully completing a <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">$150 million equity offering</a>.
The company finalized its &#8220;at-the-market&#8221; (ATM) offering program, which ran from January 15th to January 21st, raising gross proceeds <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43155777/d-wave-announces-successful-completion-of-150-million-at-the-market-equity-offering" rel="noreferrer noopener">at an average price of $6.10 per share.</a>
This price represented a 3.7% premium over the volume-weighted average price of the stock during the offering period. With the funds now raised, D-Wave&#8217;s cash balance stands at approximately $320 million.
The capital will be used to support the company&#8217;s ongoing technical developments and operational activities, with a focus on achieving sustained profitability and positive cash flow.
Dr. Alan Baratz, CEO of D-Wave, expressed confidence in the company&#8217;s future, highlighting its leadership in the commercialization of quantum computing.
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He pointed to the company&#8217;s progress, including customer applications in production, quantum optimization offerings and advancements in quantum AI.
Additionally, D-Wave announced the launch of the Leap Quantum LaunchPad program, aimed at accelerating the<a target="_blank" href="https://www.benzinga.com/markets/equities/25/01/43134701/d-wave-unveils-leap-quantum-launchpad-program-with-free-trials-details" rel="noreferrer noopener"> adoption of quantum computing.</a>
This program offers qualified participants a 3-month free trial of D-Wave&#8217;s Advantage quantum computers, which feature 5,000+ qubits and sub-second solve times.
The initiative will also provide access to D-Wave&#8217;s Leap quantum cloud service, boasting a 99.9% uptime.
Through this program, D-Wave seeks to help businesses and researchers solve complex problems that are beyond the reach of classical computing, further solidifying its position as a leader in quantum technology.
Price Action: QBTS shares are trading lower by 2.10% to $6.120 premarket at last check Thursday.
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