Medical Imaging (OTC:MEDD) Stock, Quote.Headers.trade-ideas

Medical Imaging Corp is a United States-based healthcare services company focused on the acquisition of existing full-service imaging clinics. Through its subsidiaries, the firm provides medical diagnostic imaging services. The services provided include magnetic resonance imaging, CT scans, ultrasound, X-ray, and others. The group has operations in the United States and Canada. The organization generates revenue from the medical scans services and teleradiology services, of which medical scans services contributes the maximum to the revenue.

MEDICAL IMAGING CORP by Medical Imaging Corp.

Medical Imaging Corp

Coinbase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) Chief Policy Officer Faryar Shirzad expects swift passage of cryptocurrency legislation under President-elect Donald Trump&#8216;s administration, as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices surge to record levels amid expectations of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">dramatic shift in U.S. crypto policy</a>.
What Happened: Trump&#8217;s victory, coupled with Republican control of Congress, has energized the cryptocurrency industry, pushing Bitcoin above the $99,000 mark. 
Trump&#8217;s pro-crypto stance marks a significant departure from the current regulatory environment, with plans ranging from establishing a national Bitcoin reserve to expanding the Commodity Futures Trading Commission&#8217;s oversight of digital assets.
&#8220;We have the most pro-crypto Congress ever in history, we have an extraordinarily pro-crypto president coming into office,&#8221; Shirzad <a href="https://www.cnbc.com/2024/12/02/coinbase-policy-chief-us-can-adopt-crypto-regulation-quickly-now.html">told</a> CNBC, highlighting the potential for rapid legislative action in 2025. &#8220;I think the combination should finally allow the 50 million Americans who own crypto to have their interests and voice heard in policy.&#8221;
The cryptocurrency industry flexed considerable political muscle during the election, with crypto-related political action committees raising over $245 million. Nearly 300 pro-crypto lawmakers will take seats in the next Congress, according to the Coinbase-backed Stand With Crypto Alliance.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42258584/bitcoin-dogecoin-move-up-ethereum-steadies-as-traders-prepare-for-cryptos-final-2024-flourish-will-btc-hit-100k-in-december-analyst-explains">Bitcoin, Dogecoin Move Up, Ethereum Steadies As Traders Prepare For Crypto&#8217;s Final 2024 Flourish</a>
Two key pieces of legislation await consideration: the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act. Both bills aim to establish clear regulatory <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41807557/bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares">frameworks for digital assets and stablecoins</a>.
Why It Matters: The incoming administration is reportedly planning to shift significant regulatory authority from the Securities and Exchange Commission to the CFTC, particularly for Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot markets. This move would affect oversight of <a href="https://www.benzinga.com/government/regulations/24/11/42206456/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-sec-set-to-lose-its-grip-over-crypto">a $2.24 trillion market segment</a>.
Current SEC Chair Gary Gensler, known for his aggressive enforcement approach toward crypto companies, <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">will step down</a> on Jan 20. MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) Executive Chairman Michael Saylor compared Trump&#8217;s proposed national Bitcoin reserve to <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42220158/donald-trump-to-establish-a-national-bitcoin-reserve-pros-vs-cons-compared">the Louisiana Purchase</a>, calling it &#8220;manifest destiny for the United States.&#8221;
However, some financial experts urge caution. Moody&#8217;s Analytics Chief Economist Mark Zandi warned about potential risks to taxpayers, citing crypto market volatility. The government currently holds approximately $20 billion in seized cryptocurrencies, which could form the foundation of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42220158/donald-trump-to-establish-a-national-bitcoin-reserve-pros-vs-cons-compared">proposed national reserve</a>.
Price Action: Bitcoin was trading at $95,160 at the time of writing, down by 1.93% over the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42260445/dow-sp-record-best-month-of-year-investor-sentiment-improves-fear-greed-index-remains-in-greed-zone">Dow, S&amp;P Record Best Month Of Year: Investor Sentiment Improves, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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

Cryptocurrency

Government

News

Regulations

Markets

$BTC

$ETH

COIN

MSTR

As Bitcoin Surges, Coinbase Exec Expects Swift Legislation Thanks To Trump And The 'Most Pro-Crypto Congress Ever'

Goldman Sachs analyst Will Nance downgrades Toast (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOST#NYSE">TOST</a>) from Buy to Neutral and raises the price target from $34 to $45.

Downgrades

Price Target

Analyst Ratings

TOST

Goldman Sachs Downgrades Toast to Neutral, Raises Price Target to $45

Salesforce, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) will release earnings results for the third quarter, after the <a href="https://www.benzinga.com/quote/CRM/earnings">closing bell on Tuesday, Dec. 3</a>.
Analysts expect Salesforce to report quarterly earnings at $2.45 per share. That's up from $2.11 per share a year ago. The San Francisco, California-based company projects to report quarterly revenue of $9.35 billion, compared to $8.72 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Nov. 20, Salesforce unveiled a groundbreaking tool for managing artificial intelligence (AI) agent lifecycle processes. The system, dubbed Agentforce Testing Center, introduces a new paradigm for businesses adopting autonomous agent technology..
Salesforce shares slipped by 0.01% to close at $329.99 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Piper Sandler analyst Brent Bracelin maintained Salesforce with an Overweight rating and raised the price target from $325 to $395 on Dec. 2. This analyst has an accuracy rate of 76%.</li>
<li>Citigroup analyst Tyler Radke maintained the stock with a Neutral rating and increased the price target from $290 to $368 on Nov. 27. This analyst has an accuracy rate of 73%.</li>
<li>Truist Securities analyst Terry Tillman maintained a Buy rating and raised the price target from $315 to $380 on Nov. 25. This analyst has an accuracy rate of 70%.</li>
<li>Wedbush analyst Daniel Ives maintained Salesforce with an Outperform rating and boosted the price target from $325 to $375 on Nov. 25. This analyst has an accuracy rate of 80%.</li>
<li>UBS analyst Karl Keirstead maintained a Neutral rating and boosted the price target from $275 to $360 on Nov. 22. This analyst has an accuracy rate of 77%.</li>
</ul>
Considering buying CRM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="558" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02043918/image-2-1024x558.png" alt="" class="wp-image-672009" style="width:576px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02043918/image-2-1024x558.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02043918/image-2-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02043918/image-2-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02043918/image-2.png 1225w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:
<ul>
<li> <a href="https://www.benzinga.com/24/11/42255663/top-3-defensive-stocks-youll-regret-missing-in-november">Top 3 Defensive Stocks You&#8217;ll Regret Missing In November</a></li>
</ul>

Earnings

Trading Ideas

Salesforce Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Ascendiant Capital analyst Edward Woo maintains NRX Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) with a Buy and raises the price target from $44 to $45.

NRXP

Ascendiant Capital Maintains Buy on NRX Pharmaceuticals, Raises Price Target to $45

China&#8217;s BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDF#OTC">BYDDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) biggest electric vehicle rival, has quietly become a major force in Apple Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) manufacturing ecosystem, now assembling more than 30% of iPads while planning an ambitious artificial intelligence venture with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
What Happened: The Shenzhen-based company, which <a href="https://www.benzinga.com/news/24/10/41647639/teslas-chinese-rival-byd-outshines-elon-musks-ev-giant-in-quarterly-revenue-for-first-time-since-202">surpassed Tesla in quarterly revenue</a> for the first time with $28 billion versus Tesla&#8217;s $25 billion in the third quarter of 2024, has dedicated approximately 100,000 employees to Apple&#8217;s supply chain, <a href="https://www.wsj.com/tech/building-apple-products-has-become-a-side-hustle-for-chinas-biggest-ev-maker-f26e251c?ref=biztoc.com">reported</a> The Wall Street Journal.
This partnership, which began around 2009, has evolved from basic component processing to crucial assembly operations.
Apple CEO Tim Cook acknowledged the significance of Chinese manufacturers during his November Beijing visit, his third this year, stating, &#8220;We could not do what we do without them.&#8221; The relationship has deepened despite U.S. efforts to reduce dependency on Chinese manufacturing.
Beyond iPad assembly, BYD has secured critical roles in iPhone production, including manufacturing titanium frames for the latest Pro models. 
The company&#8217;s precision manufacturing capabilities extend to both automotive and consumer electronics, with BYD Chairman Wang Chuanfu leveraging this dual expertise to forge partnerships with other tech giants like Xiaomi and Huawei.
See Also: <a href="https://www.benzinga.com/media/24/12/42259023/apple-partnership-ai-agents-and-major-infrastructure-investments-openai-executives-outline-strategy-to-attract-1b-users-by-2025">Apple Partnership, AI Agents, And Major Infrastructure Investments: OpenAI Executives Outline Strategy To Attract 1B Users By 2025</a>
Why It Matters: The company&#8217;s automotive division continues to show strong growth, with November 2024 sales reaching 506,804 new energy vehicles, <a href="https://www.benzinga.com/24/12/42259569/chinese-ev-behemoth-and-tesla-rival-byd-marks-68-growth-in-november-sales-on-rising-popularity-of-plug-in-hybrid-evs">a 68% year-over-year increase</a>. This success in both sectors has positioned BYD for its next venture: developing AI-powered manufacturing robots in collaboration with Nvidia.
Previously undisclosed details reveal that BYD and Apple&#8217;s <a href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti">relationship included a secretive partnership</a> starting in 2017 to develop long-range electric vehicle batteries, though Apple has since abandoned its automotive ambitions. The collaboration influenced BYD&#8217;s current Blade battery system, now used across its entire vehicle lineup.
Warren Buffett&#8216;s Berkshire Hathaway, an early BYD investor since 2008, has witnessed the company&#8217;s transformation from a battery manufacturer to a <a href="https://www.benzinga.com/news/24/10/41372383/apple-had-a-hush-hush-relationship-with-teslas-chinese-rival-byd-for-now-abandoned-car-plans-cuperti">global technology powerhouse</a> straddling both the automotive and consumer electronics sectors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/management/24/12/42258470/jeep-marker-stellantis-ceo-carlos-tavares-resigns-amid-falling-us-sales-and-trade-pressures-board-cites-different-views">Jeep Marker Stellantis&#8217; CEO Carlos Tavares Resigns Amid Falling US Sales And Trade Pressures: Board Cites &#8216;Different Views&#8217;</a></li>
</ul>
Image Via Shuttesrtock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Global

Tech

AAPL

BYDDF

BYDDY

NVDA

TSLA

BYD Surpassed Tesla In Quarterly Revenue For The First Time In Q3. It Assembles Over 30% Of iPads For Apple, And Is Now Planning To Build AI Robots For Nvidia

Goldman Sachs analyst Marcio Farid initiates coverage on Ero Copper (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ERO#NYSE">ERO</a>) with a Buy rating and announces Price Target of $19.

Initiation

Goldman Sachs Initiates Coverage On Ero Copper with Buy Rating, Announces Price Target of $19

Goldman Sachs analyst Neil Mehta initiates coverage on Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) with a Buy rating and announces Price Target of $70.

VNOM

Goldman Sachs Initiates Coverage On Viper Energy with Buy Rating, Announces Price Target of $70

Piper Sandler analyst Brent Bracelin maintains Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Overweight and raises the price target from $325 to $395.

Piper Sandler Maintains Overweight on Salesforce, Raises Price Target to $395

Macro Economic Events

Econ #s

Economics

Eurozone Manufacturing Purchasing Managers Index For November 45.2 Vs. 45.2 Est.; 46.0 Prior

Germany Manufacturing Purchasing Managers Index For November 43.0 Vs. 43.2 Est.; 43.0 Prior

France Manufacturing Purchasing Managers Index For November 43.1 Vs. 43.2 Est.; 44.5 Prior

Chinese e-commerce company Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) has invested $71.4 million or 100 billion Korean won in the South Korean apparel brand Ably Corp.
What Happened: Ably is now South Korea&#8217;s first unicorn of 2024, with the deal valuing the company at over $1 billion, as per a <a href="https://www.kedglobal.com/e-commerce/newsView/ked202412020004">report</a> by The Korean Economic Daily.
Following the investment, Ably&#8217;s valuation has soared to around 3 trillion won (approx. $2.1 billion), a significant increase from its 900 billion won valuation during its 67 billion won pre-Series C fundraising round in January 2022.
Why It Matters: This deal marks the first equity investment by China-based Alibaba in any Korean shopping app.
Ably is the first Korean startup to reach a valuation of over $1 billion this year, following Naver Corp.&#8217;s Kream Corp., which achieved a 1 trillion won valuation in December 2023 after completing a bridge round financing.
As per its 13F filings for the third quarter, Alibaba holds stakes in XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), Weibo Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>), Perfect Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PERF#NYSE">PERF</a>), and Best Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEST#NYSE">BEST</a>) in the U.S.
Alibaba increased its stake in XPeng by 371% in the September 2024 quarter compared to the June 2024 quarter. During the same period, it reduced its stake in Perfect by 2%, while its Weibo and Best stakes remained unchanged.
See Also: <a href="https://www.benzinga.com/24/11/42245036/alibaba-co-founder-makes-rare-appearance-at-company-campus">Alibaba Co-Founder Jack Ma Makes Rare Appearance At Company Campus</a>
Price Action: Shares of Alibaba Group Holdings&#8217; ADR closed 0.90% higher at $87.37 per share on Friday as compared to a 0.31% advance in the NYSE Composite Index.
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, Alibaba has a consensus price target of $119.82 apiece based on the ratings of 23 analysts, but a consensus rating of &#8220;Buy.&#8221; The highest price target among all the <a href="https://www.benzinga.com/quote/BABA/analyst-ratings">analysts tracked by Benzinga</a> is $155 per share issued by Deutsche Bank on Jan. 13, 2023, whereas the lowest price target is $85 apiece issued by Bernstein on Aug. 16.
The average price target of $122 per share between Barclays, Benchmark, and Mizuho implies a 39.64% upside for Alibaba.
<figure class="wp-block-image size-large"><a href=" https://www.benzinga.com/quote/BABA/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="384" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02024049/Alibaba-ANR-1024x384.png" alt="" class="wp-image-671793" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02024049/Alibaba-ANR-1024x384.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02024049/Alibaba-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02024049/Alibaba-ANR-768x288.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02024049/Alibaba-ANR.png 1059w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42256614/trumps-ai-czar-plans-alibabas-new-model-cathie-wood-on-tesla-ai-and-musks-combat-transformation-this-week-in-artificial-intelligence">Trump&#8217;s AI Czar Plans, Alibaba&#8217;s New Model, Cathie Wood On Tesla AI, And Musk&#8217;s Combat Transformation: This Week In Artificial Intelligence</a></li>
</ul>
Photo courtesy: Shutterstock

BABA

BEST

PERF

XPEV

Alibaba's $71M Bet On Ably Corp Turns It Into South Korea's First Unicorn of 2024

<h3>Companies Reporting Before The Bell</h3>
• Alico (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALCO#NASDAQ">ALCO</a>) is likely to report earnings for its fourth quarter. 
<h3>Companies Reporting After The Bell</h3>
• Cleanspark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) is estimated to report quarterly loss at $0.16 per share on revenue of $88.56 million. 
• Credo Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) is projected to report quarterly earnings at $0.05 per share on revenue of $66.81 million. 
• Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) is likely to report quarterly earnings at $0.63 per share on revenue of $606.19 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALCO

CLSK

CRDO

Earnings Scheduled For December 2, 2024

The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Friday.
U.S. stocks settled higher on Friday, with the Dow Jones and S&amp;P 500 surging to fresh highs during the shortened trading session.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) gained 1.3% on Friday, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares adding more than 2% during the session.
The Dow gained 1.4% last week, recording a gain of 7.5% for November. The S&amp;P 500 gained 1.1% on the week, surging by more than 5% last month. The Dow and S&amp;P 500 recorded their best months of the year.
The stock market was closed on Thursday for the Thanksgiving holiday and closed early at 1 p.m. ET on Friday.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, materials, and consumer discretionary stocks recording the biggest gains on Friday. However, real estate and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 189 points to 44,910.65 on Friday. The S&amp;P 500 rose 0.56% to 6,032.38, while the Nasdaq Composite climbed 0.83% to close at 19,218.17 during Friday's session.
Investors are awaiting earnings results from Imperial Petroleum Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMPP#NASDAQ">IMPP</a>) and Zscaler, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 66.1, the index remained in the &#8220;Greed&#8221; zone on Friday, versus a prior reading of 63.7.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42255663/top-3-defensive-stocks-youll-regret-missing-in-november">Top 3 Defensive Stocks You&#8217;ll Regret Missing In November</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

IMPP

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Dow, S&P Record Best Month Of Year: Investor Sentiment Improves, Fear Index Remains In 'Greed' Zone

On Sunday, ARK Invest&#8216;s Cathie Wood&nbsp;shed light on the potential repercussions of a possible fallout between President-elect Donald Trump and&nbsp;Elon Musk&nbsp;on Musk&#8217;s companies,&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and&nbsp;SpaceX.
What Happened: During a recent appearance on <a href="https://transcripts.cnn.com/show/ip/date/2024-12-01/segment/01">CNN&#8217;s</a> Inside Politics Sunday, Wood was asked about the implications of a potential strain in the Musk-Trump relationship. She acknowledged the strong personalities of both individuals and the potential risks associated with such a dynamic.
However, Wood also highlighted Musk and Trump&#8217;s shared vision of advancing technology, particularly in the fields of transportation and healthcare.
Wood stated, &#8220;Well I think that if you look at Elon Musk&#8217;s companies, what they&#8217;re doing is taking us into this new age, whether it&#8217;s Tesla with autonomous mobility and robotaxis or SpaceX, really getting us to the moon again and then to Mars. I think these are things that President Trump wants.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/11/42254596/jeff-bezos-acts-like-he-owns-the-elite-neighborhood-he-lives-in-but-residents-say-hes-not-much-of-a-neighbor?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jeff Bezos &#8216;Acts Like He Owns&#8217; The Elite Neighborhood He Lives In, But Residents Say He&#8217;s &#8216;Not Much Of A Neighbor&#8217;</a>
She further emphasized that both Trump and Musk possess strong personalities, a trait that has played a significant role in their respective successes. Wood expressed her belief that both individuals are well aware of the risks that come with such dominant personalities.
&#8220;They have &#8212; they&#8217;re going to keep their eye on the prize, which is really trying to use these technologies to transform not only transportation but I think in particular healthcare,&#8221; Wood concluded in the interview.
Why It Matters: Wood&#8217;s comments come in the wake of her recent analysis of the potential impact of a second Trump administration on various sectors. In a webinar, she expressed <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42183404/cathie-wood-bets-on-thriving-ipo-market-under-trump-will-giveliquidity-events-that-they-have-not-enjoyed-during-the-last-four-years">optimism about the future of the market under Trump</a>, predicting a thriving IPO market that would provide numerous opportunities for portfolio diversification and liquidity events.
Wood also suggested that a Trump administration could <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42136536/ark-invests-cathie-wood-says-team-trump-would-give-regulatory-clarity-for-bitcoin-and-other-digital-assets-which-they-may-put-in-the-treasurys-strategic-reserve">bring much-needed regulatory clarity</a> to the fintech sector, particularly in the realm of digital assets. She highlighted the potential for a more focused approach to the digital asset revolution, led by Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) if current SEC Chairman Gary Gensler were to step down.
Beyond this, Wood has also been vocal about the potential benefits of Musk&#8217;s leadership in the government sector. She endorsed the Department of Government Efficiency (DOGE) under Musk&#8217;s leadership, advocating for stricter government spending controls and <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42028523/cathie-wood-draws-reagan-era-parallels-as-elon-musk-takes-doge-helm-this-bull-market-has-just-begun-to-broaden-out">constitutional reforms to limit federal expenditures.</a>
Despite this, Wood&#8217;s firm, ARK Invest, has been making strategic adjustments to its portfolio, including significant trades involving Tesla. The <a href="https://www.benzinga.com/24/11/42205945/ark-invests-bold-move-tesla-shares-sold-amid-market-shifts">firm sold $18 million worth of Tesla shares</a> last week across multiple ETFs, reflecting a shift in its trading strategy amid market changes.
Price Action: Tesla stock closed 3.7% higher on Friday at $345.16. It is up 39% year-to-date, according to Benzinga Pro data.
The three most recent analyst ratings are from UBS, Wedbush, and RBC Capital, with an average price target of $313, implying a downside of 9.4%, according to Benzinga Pro data.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="943" height="358" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02031535/image-1.png" alt="" class="wp-image-671864" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02031535/image-1.png 943w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02031535/image-1-300x114.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/02031535/image-1-768x292.png 768w" sizes="(max-width: 943px) 100vw, 943px" /></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42258387/biden-grants-full-and-unconditional-pardon-to-hunter-i-hope-americans-will-understand?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Grants &#8216;Full and Unconditional&#8217; Pardon To Hunter: &#8216;I Hope Americans Will Understand&#8217;</a></li>
</ul>
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

Politics

General

How A Potential Fallout Between Elon Musk And Trump Could Impact Tesla And SpaceX: Cathie Wood Weighs In

Jefferies analyst Samad Samana maintains ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Buy and raises the price target from $1100 to $1250.

Jefferies Maintains Buy on ServiceNow, Raises Price Target to $1250

Reference is made to the stock exchange announcement made by Hafnia Limited ("Hafnia" or the "Company", OSE ticker code: "HAFNI", NYSE ticker code: "HAFN") on November 27, 2024 regarding its financial report for the third quarter 2024 and the Board resolution to authorize the management to initiate a share buyback program of up to USD 100 million (the "Authorization"), from December 2, 2024, to January 27, 2025, subject to market conditions.
In furtherance of the Authorization, the Company hereby announces that it has put in place an agreement with Pareto Securities AS and its subsidiary, Pareto Securities Inc. (together, "Pareto"), for the repurchase of the Company's shares in open market transactions on the OSE and the NYSE. Pareto will make its own trading decisions concerning the timing of the purchases independently of the Company.
In order to comply with the European Market Abuse Regulation, the Company provides the following required information: (i) the Company may repurchase up to 18,000,000 shares for a total amount of up to USD 100,000,000 during the period from December 2, 2024 until no later than January 27, 2025, and (ii) the purpose of the repurchase program is to reduce the number of the Company's outstanding shares and to provide returns to the Company's shareholders.
Repurchases through open market transactions on the NYSE will be made in accordance with U.S. securities laws and regulations, including compliance with the safe harbor provided by Rule 10b-18 promulgated by the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended. The actual timing, number and value of shares repurchased under the repurchase program will depend on several factors, including the manner, timing, and volume restrictions specified in Rule 10b-18, price, general business and market conditions, and alternative investment opportunities.

Buybacks

HAFN

Hafnia to Repurchase 18M Shares: $100M Buyback Plan Targets Shareholder Returns

Arthur&nbsp;J. Gallagher&nbsp;&amp; Co. today announced that its claims and risk management solutions subsidiary, Gallagher Bassett, has acquired the UK-based operations of Caytons Law LLP (Caytons). Terms of the transaction were not disclosed.
Caytons is a claims and legal management firm with a particular focus on providing legal advice in relation to commercial and professional liability insurance matters. Operating in London and Bristol, John Cayton, Sam Moore, Robin Cundall and their team across the UK will operate under the direction of Manan Sagar, head of Gallagher Bassett's UK operations.
"Caytons is a highly regarded firm whose deep expertise in claims management for financial lines and professional liability will enhance Gallagher Bassett's capabilities in the UK," said J. Patrick Gallagher, Jr., Chairman and CEO. "I am very pleased to welcome John, Sam, Robin and their associates to our growing Gallagher family of professionals."

Arthur J. Gallagher Subsidiary Gallagher Bassett Snapped UK Operations Of Caytons Law LLP, Financial Terms Undisclosed

Chardan Capital analyst Daniil Gataulin downgrades Outlook Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OTLK#NASDAQ">OTLK</a>) from Buy to Neutral.

OTLK

Chardan Capital Downgrades Outlook Therapeutics to Neutral

U.S. stocks settled higher on Friday, with the Dow Jones and S&amp;P 500 surging to fresh highs during the shortened trading session. The Dow gained 1.4% last week, while the S&amp;P 500 gained 1.1% on the week.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Keith Hughes
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Downgraded rating on Summit Materials, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUM#NYSE">SUM</a>) from Buy to Hold and cut the price target from $60 to $52.5 on Nov. 26. This analyst sees around 3% upside in the stock.</li>
<li>Recent News: On Nov. 25, the company inked a definitive deal to be acquired by privately owned family business Quikrete Holdings for $52.50 per share in cash, valuing the transaction at approximately $11.5 billion, including debt.</li>
</ul>
Analyst: Jon Arfstrom
<ul>
<li>Analyst Firm: RBC Capital</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Sector Perform rating on Old National Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NYSE">ONB</a>) and increased the price target from $24 to $25 on Nov. 26. This analyst sees around 8% upside in the stock.</li>
<li>Recent News: On Nov. 25, Old National Bancorp and Bremer Financial Corporation jointly announced today that they entered into a definitive merger agreement.</li>
</ul>
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained an Overweight rating on Starbucks Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) and raised the price target from $110 to $115 on Nov. 26. This analyst sees more than 12% upside in the stock.</li>
<li>Recent News: Starbucks locations are reportedly calculating employee pay and hours worked by hand after a ransomware attack on a third-party software provider disrupted how the coffee shop&#8217;s employees view and manage their schedules and how the company tracks labor hours.</li>
</ul>
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained a Hold rating on Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) and cut the price target from $233 to $227 on Nov. 27. This analyst sees around 4% gain in the stock.</li>
<li>Recent News: On Nov. 26, Analog Devices reported better-than-expected fourth-quarter EPS and sales.</li>
</ul>
Analyst: Rob Owens
<ul>
<li>Analyst Firm: Piper Sandler</li>
<li>Ratings Accuracy: 85%</li>
<li>Latest Rating: Maintained an Overweight rating on CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) and boosted the price target from $290 to $375 on Nov. 27. This analyst sees around 8% upside in the stock.</li>
<li>Recent News: On Nov. 26, CrowdStrike reported third-quarter revenue of $1.01 billion, beating the consensus estimate of $982.36 million. The cybersecurity company reported adjusted earnings of $93 cents per share, beating analyst estimates of 81 cents per share..</li>
</ul>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42255663/top-3-defensive-stocks-youll-regret-missing-in-november">Top 3 Defensive Stocks You&#8217;ll Regret Missing In November</a></li>
</ul>

Long Ideas

CRWD

SBUX

This Analyst With 86% Accuracy Rate Sees More Than 12% Upside In Starbucks - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Comments

Medical Imaging

Medical Imaging (MEDD) Forecast

Medical Imaging (OTC:MEDD) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga