OriginClear (OTC:OCLN) Stock, Quote.Headers.trade-ideas

OriginClear Inc is a water technology company. Its technology capabilities have now been organized under the umbrella brand of OriginClear Tech Group. OriginClear, under the brand of OriginClear Tech Group, designs, engineers, manufactures, and distributes water treatment solutions for commercial, industrial, and municipal end markets.

Penny Stocks

Short Ideas

Trading Ideas

OCLN

On Friday, shares of OriginClear, Inc. (OTC: OCLN) experienced volatile short activity. After the activity, the stock price went down -1.00% to $0.436.

The overall sentiment for OCLN has been Bullish.

Short Volatility Alert: OriginClear, Inc.

News

Movers & Shakers

Intraday Update

Markets

Movers

General

ABMD

ACGBY

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ADMP

ALTM

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ANCN

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ASDZF

Alterity Therapeutics Limited - American Depositary Shares

ATHE

ATRA

AVPMF

BACHY

BCEL

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BKRIF

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BLMN

CAKE

CANN

CAPSTONE TECHNOLOGIES by Capstone Technologies Group, Inc.

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CHNG

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CLDT

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China Shenhua Energy Unsponsored representing A shares

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LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

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LEAF

AMERICAN LITHIUM CORP ORD by American Lithium Corp.

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Stocks that Reached Yearly Lows Thursday Morning

OriginClear Inc

Piper Sandler analyst Brent Bracelin maintains Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) with a Overweight and raises the price target from $185 to $210.

Price Target

Analyst Ratings

ORCL

Piper Sandler Maintains Overweight on Oracle, Raises Price Target to $210

SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) stock closed 2.81% lower at $15.57 apiece on Monday and fell further by 0.5% in premarket trading on Tuesday. This comes after Bank of America Securities downgraded the scrip due to valuation concerns.
However, technical analysis based on the simple moving averages points to a different story for the stock.
What Happened: <a href="https://www.benzinga.com/topic/bofa-securities">BofA Securities</a> downgraded the company from &#8220;Neutral&#8221; to &#8220;Underperform&#8221; with a price target of $12 per share.
Shares of SoFi rose 61.35% on a year-to-date basis, whereas it advanced 121.48% in the last six months, outperforming the Nasdaq Composite which gained 33.66% and 14.8% in the same period, respectively.
&#8220;After the rally, we believe valuation is ahead of fundamentals and SoFi is priced to perfection,&#8221; the BofA note said. SoFi&#8217;s shares are trading at 20 times its 2026 earnings per share target, which is at a premium to its peers, as per the note. &#8220;At this valuation, we view risk-reward less favorably,&#8221; it added.
Meanwhile, Jefferies on Nov. 26, maintained its &#8220;Buy&#8221; rating on the company and increased its price target from $13 apiece to $19 per share.
See Also: <a href="https://www.benzinga.com/general/market-summary/24/12/42405749/bitcoin-far-more-of-a-threat-than-a-brics-reserve-currency-says-jeremy-siegel-find-it-curious-that-trump-championed-btc-at-100k">Bitcoin Far More Of A Threat Than A BRICS Reserve Currency, Says Jeremy Siegel: Find It &#8216;Curious&#8217; That Trump Championed BTC At 100K</a>
Why It Matters: From a technical perspective, the analysis of daily moving averages shows strong support for the SoFi Tech stock.
Despite falling nearly 3% on Monday and further in after-hours to $15.56 a piece, SoFi's stock is above its 20, 50, and 200-day simple moving averages, suggesting a largely bullish trend. The 20-day moving average price was $15.06 apiece, whereas the 50 and 200-day prices were $12.03 apiece and $8.44 per share respectively.
However, the current share price is below its eight-day simple moving average of $15.98 apiece. On the other hand, the relative strength index of 68.19 suggested that the stock is near the "overbought" territory.
<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-1024x576.png" alt="" class="wp-image-684717" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034629/SoFi-tech-Chart-1.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Views By Other Analysts
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>, SoFi has a consensus price target of $10.2 per share based on the ratings of 26 analysts. The highest price target out of all the <a href="https://www.benzinga.com/quote/SOFI/analyst-ratings">analysts tracked by Benzinga</a> is $22 apiece issued by Rosenblatt as of Feb. 23, 2022. The lowest target price is $3 per share issued by Wedbush in April this year.
The average price target of $14.67 apiece between BofA Securities, JPMorgan, and Mizuho implies a 5.74% downside for SoFi.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/SOFI/analyst-ratings"><img loading="lazy" decoding="async" width="943" height="351" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034312/SoFi-Analyst-Views.png" alt="" class="wp-image-684706" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034312/SoFi-Analyst-Views.png 943w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034312/SoFi-Analyst-Views-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10034312/SoFi-Analyst-Views-768x286.png 768w" sizes="(max-width: 943px) 100vw, 943px" /></a></figure>
Read Next:
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<li><a href="http://trump's%20deregulation%20efforts%20to%20benefit%20energy,%20oil%20and%20gas%20sectors,%20while%20ai%20frenzy%20will%20boost%20faang%20stocks%20and%20nvidia,%20says%20fintech%20insider/" target="_blank" rel="noreferrer noopener">Trump's Deregulation Efforts To Benefit Energy, Oil And Gas Sectors, While AI Frenzy Will Boost FAANG Stocks And Nvidia, Says Fintech Insider</a></li>
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Photo courtesy: Shutterstock

Equities

Downgrades

Technicals

SOFI

SoFi Stock Falls After BofA Downgrade Over Valuation Concerns: Here's What Technical Analysis Shows

<a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/" title="https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/">https://www.whitehouse.gov/briefing-room/statements-releases/2024/12/10/statement-from-vice-president-kamala-harris-on-chips-and-science-act-investments-in-micron-technology/</a>

Financing

White House Announced Commerce Department Made $6.1B Investment In Micron For Memory Chip Facilities In Clay, NY, And Boise, ID

Piper Sandler analyst Brent Bracelin maintains Braze (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRZE#NASDAQ">BRZE</a>) with a Overweight and raises the price target from $40 to $48.

BRZE

Piper Sandler Maintains Overweight on Braze, Raises Price Target to $48

Piper Sandler analyst Brent Bracelin maintains MongoDB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) with a Overweight and maintains $425 price target.

Piper Sandler Maintains Overweight on MongoDB, Maintains $425 Price Target

Goldman Sachs analyst Lizzie Dove upgrades Norwegian Cruise Line (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) from Neutral to Buy and raises the price target from $29 to $35.

Upgrades

NCLH

Goldman Sachs Upgrades Norwegian Cruise Line to Buy, Raises Price Target to $35

BMO Capital analyst Fadi Chamoun upgrades United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) from Market Perform to Outperform and lowers the price target from $155 to $150.

BMO Capital Upgrades United Parcel Service to Outperform, Lowers Price Target to $150

Ascendiant Capital analyst Edward Woo maintains AIM ImmunoTech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AIM#AMEX">AIM</a>) with a Buy and lowers the price target from $5 to $4.5.

Ascendiant Capital Maintains Buy on AIM ImmunoTech, Lowers Price Target to $4.5

CEO&nbsp;and co-founder of&nbsp;Block Inc. Jack Dorsey&nbsp;made an appearance in Kenya for the Africa Bitcoin Conference, which will take place in Nairobi from Dec. 9 to 11.
What Happened:&nbsp;Dorsey, who had previously endorsed the conference in April at a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) event in Madeira, Portugal, is fulfilling his promise&nbsp;to attend its third edition.&nbsp;The conference aims to boost Bitcoin adoption across Africa and strengthen ties within the international community.
At the Madeira event, Dorsey praised the conference&#8217;s&nbsp;efforts to raise awareness and promote Bitcoin use in Africa. He emphasized the continent&#8217;s potential for Bitcoin to significantly impact lives. Dorsey returns as a speaker, having inspired&nbsp;audiences at the inaugural event&nbsp;in Accra, Ghana.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Twitter co-founder Jack Dorsey arrives in Kenya <a href="https://t.co/yH1TpdvbXj">pic.twitter.com/yH1TpdvbXj</a>
&mdash; Kenyans.co.ke (@Kenyans) <a href="https://twitter.com/Kenyans/status/1866082441128989091?ref_src=twsrc%5Etfw">December 9, 2024</a></blockquote>
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See Also:&nbsp;<a href="https://www.benzinga.com/general/education/24/11/42017619/heres-how-much-100-in-bitcoin-could-be-worth-in-2030-if-cathie-woods-price-target-is-reached?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much $100 In Bitcoin Could Be Worth In 2030 If Cathie Wood&#8217;s Price Target Is Reached</a>
Farida Nabourema, the visionary behind the Africa Bitcoin Conference, <a href="https://www.benzinga.com/content/41933341/jack-dorsey-returns-for-the-third-edition-of-the-africa-bitcoin-conference-2024">expressed her excitement</a> over Dorsey&#8217;s participation. She stated, &#8220;Having Jack Dorsey on board is a testament to the global significance of our mission.&#8221;
The conference gathers&nbsp;thought leaders, industry experts, and&nbsp;enthusiasts to explore Bitcoin&#8217;s opportunities in Africa.
Why It Matters: Dorsey&#8217;s presence at the Africa Bitcoin Conference underscores his ongoing commitment to Bitcoin and its potential as a transformative financial tool. Recently, he reiterated&nbsp;Block Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>)&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41833692/jack-dorsey-reaffirms-blocks-bitcoin-centric-vision-to-boost-digital-wallet-mining-businesses-companys-btc-stash-grows-by-15m-in-q3">Bitcoin-centric strategy,</a> highlighting the cryptocurrency as the centerpiece of the company&#8217;s financial services. Dorsey believes that establishing a native currency for the Internet could accelerate business operations globally.
Moreover, Bitcoin&#8217;s potential to address specific challenges in Africa has been highlighted by various advocates. For instance,<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39981360/bitcoin-a-perfect-solution-to-some-african-problems-says-fossil-fuel-advocate-from-electri"> a Kenyan village</a> has adopted Bitcoin in daily life, from local shops to gyms, showcasing the cryptocurrency&#8217;s practical applications. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378513/can-bitcoin-ethereum-dogecoin-shiba-inu-or-solana-beat-xrp-in-2025-poll-says-yes-one-coin-stands-out?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Can Bitcoin, Ethereum, Dogecoin, Shiba Inu or Solana Beat XRP In 2025? Poll Says Yes, One Coin Stands Out</a></li>
</ul>
Photo courtesy: Shutterstock
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.

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

Cryptocurrency

$BTC

Block CEO Jack Dorsey Sports Cryptic 'Satoshi' T-Shirt At Africa Bitcoin Conference

<ul>
<li>Framework to support asset optimization and resilience</li>
<li>Largest water and wastewater infrastructure investment in North West England for a century</li>
</ul>

Jacobs Selected For United Utilities Framework To Enhance Water Infrastructure Resilience In The UK's North West

A&nbsp;person of interest has been&nbsp;<a href="https://www.benzinga.com/general/health-care/24/12/42396605/man-questioned-in-unitedhealthcare-ceo-murder-mcdonalds-customer-tip-leads-to-detainment-in-pennsylvania">identified in the shooting death</a> Brian Thompson, CEO of&nbsp;UnitedHealthcare, a unit of UnitedHealth Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>). The suspect was found with a &#8220;ghost gun&#8221;&nbsp;made with a 3D printer and is facing charges in Pennsylvania for weapons, forgery, and other crimes.
What Happened: A <a href="https://www.benzinga.com/general/health-care/24/12/42396605/man-questioned-in-unitedhealthcare-ceo-murder-mcdonalds-customer-tip-leads-to-detainment-in-pennsylvania">man was detained Monday</a> at a Pennsylvania McDonald's, following a tip from a customer, and is being questioned over possible involvement in the murder.
This has brought the focus on the use of ghost guns, which has surged over the past decade. These firearms can be assembled from kits bought online or manufactured using 3D printers – they lack serial numbers and are untraceable, which is why they are referred to as "ghost guns."
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42378684/shiba-inus-208-surge-this-year-sparks-predictions-of-top-10-crypto-ranking-in-2025?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu&#8217;s 208% Surge This Year Sparks Predictions Of Top 10 Crypto Ranking In 2025</a>
The Problem With Ghost Guns: The lack of traceability by law enforcement agencies has resulted in ghost guns becoming a significant concern in the U.S., contributing to gun violence and prompting legal scrutiny.
Ghost guns are typically sold&nbsp;as incomplete frames and receivers,&nbsp;which&nbsp;can be turned into functional&nbsp;firearms by adding other parts. The anonymity of these guns makes them attractive to those seeking to bypass legal restrictions.
Are Ghost Guns Legal To Own? As things stand today, ghost guns are legal to own at the federal level.
Prior to 2022, these&nbsp;kits could be sold without&nbsp;serial numbers, registration, or background checks.
The ATF introduced new regulations in 2022, requiring serial numbers and background checks for ghost gun kits. However, these rules have faced legal challenges and are <a href="https://www.benzinga.com/news/24/10/41198755/supreme-court-set-to-reconvene-with-ghost-guns-trans-youth-healthcare-and-elections-on-docket">currently under review</a> in the Garland v VanDerStok case before the Supreme Court.
Why It Matters: The <a href="https://www.benzinga.com/general/health-care/24/12/42316904/unitedhealthcare-ceo-brian-thompson-fatally-shot-outside-nyc-hotel">murder of Thompson</a>&nbsp;has drawn attention to the growing threat of ghost guns, which have been linked to increasing gun violence across the U.S. The incident highlights the challenges law enforcement faces in tracing these weapons.
In June, U.S. Surgeon General&nbsp;Vivek H. Murthy&nbsp;<a href="https://www.benzinga.com/government/24/06/39484065/us-surgeon-general-calls-gun-violence-a-public-health-issue">declared gun violence a public health crisis</a>, urging the nation to address it with the same urgency as other major health issues.
The ongoing legal battle over ghost gun regulations underscores the complexity of balancing gun rights with public safety concerns.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42361326/dogecoin-killer-shiba-inu-burns-53-million-coins-in-a-day-what-is-going-on-with-shib?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">&#8216;Dogecoin Killer&#8217; Shiba Inu Burns 53 Million Coins In A Day: What Is Going On With SHIB?</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Health Care

Legal

What's A Ghost Gun That Alleged UnitedHealthcare CEO Assassin Used In NYC?

Developers can now easily manage complex software workloads using pre-determined runtime scheduling capabilities

BlackBerry And TTTech Auto Debut MotionWise Scheduling Tool For QNX SDP 8, Addressing Critical Needs In SDV Development

Ascendiant Capital analyst Edward Woo maintains RenovoRx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNXT#NASDAQ">RNXT</a>) with a Buy and raises the price target from $8.25 to $9.

RNXT

Ascendiant Capital Maintains Buy on RenovoRx, Raises Price Target to $9

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk quipped on X that Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) co-founder Bill Gates could face bankruptcy if Tesla becomes &#8220;the world&#8217;s most valuable company by far,&#8221; escalating their long-running dispute over Gates&#8217; <a href="https://www.benzinga.com/general/education/24/11/41852561/if-you-invested-1000-in-tesla-stock-when-bill-gates-shorted-the-stock-heres-how-much-youd-have-today">short position in the electric vehicle maker</a>.
What Happened: The statement comes as Tesla&#8217;s market capitalization stands at $1.251 trillion, still significantly behind Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) at $3.729 trillion. To achieve the top position, Tesla would need to grow by nearly 200%.
The conflict between the two billionaires stems from Gates&#8217; undisclosed short position in Tesla stock, which reportedly resulted in a $1.5 billion loss for Gates, <a href="https://www.cnbc.com/2023/09/10/bill-gates-and-elon-musk-an-excerpt-from-walter-isaacson-musk-bio.html">according</a> to Walter Isaacson&#8217;s 2023 biography of Musk. 
When confronted about the investment during a 2021 CNBC <a href="https://www.cnbc.com/video/2021/02/18/bill-gates-tesla-elon-musk-green-economy.html">interview</a>, Gates declined to comment on his positions but praised Tesla&#8217;s achievements, stating, &#8220;What Elon&#8217;s done with Tesla is fantastic.&#8221;
The tension peaked during a March 2022 meeting at Tesla&#8217;s Austin factory, where Gates and Musk discussed philanthropy and climate change. According to Isaacson&#8217;s book, Gates apologized for the short position, but Musk remained unplacated, viewing it as hypocritical for someone concerned about climate change to <a href="https://www.benzinga.com/general/education/24/11/41852561/if-you-invested-1000-in-tesla-stock-when-bill-gates-shorted-the-stock-heres-how-much-youd-have-today">bet against an electric vehicle company</a>.
&#8220;How can someone say they are passionate about fighting climate change and then do something that reduced the overall investment in the company doing the most?&#8221; Musk told Isaacson.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">If Tesla does become the world's most valuable company by far, that short position will bankrupt even Bill Gates
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866373389528826058?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
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See Also: <a href="https://www.benzinga.com/news/legal/24/12/42404352/nvidia-china-antitrust-probe-may-remain-unsolved-in-near-term-says-top-analyst-investors-should-be-prepared-for-increased-scrutiny">Nvidia China Antitrust Probe May &#8216;Remain Unsolved&#8217; In Near Term Says Top Analyst; Investors Should Be Prepared For Increased Scrutiny</a>
What Happened: Despite their differences, Gates has publicly acknowledged Musk&#8217;s contributions, stating at a Washington D.C. dinner that &#8220;there is no one in our time who has done more to push the bounds of science and innovation than he has.&#8221;
Tesla&#8217;s stock has surged 56.91% this year, driven by President-elect Donald Trump&#8216;s victory in the 2024 election and Musk&#8217;s growing relationship with Trump, which also led to Tesla CEO <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">being nominated to lead</a> the newly formed Department of Government Efficiency. 
Tesla would need to surpass tech giants like Microsoft, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), along with Saudi Aramco, to become the world&#8217;s most valuable company.
Currently, Musk leads the global wealth rankings with a net worth of $376 billion, while Gates ranks sixth at $166 billion, according to the Bloomberg Billionaires Index.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/12/42404312/gary-black-boosts-tesla-price-target-by-27-to-380-citing-25k-hatchbacks-market-potential">Gary Black Boosts Tesla Price Target By 27% To $380 Based On &#8216;Increased Conviction&#8217; That Elon Musk-Led Company Will Launch $25K Hatchback</a></li>
</ul>
Image via European Commission/ Lukasz Kobus
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Global

AAPL

GOOG

GOOGL

MSFT

NVDA

TSLA

Bill Gates Could Go Bankrupt If Tesla Stock Surges 200% To Become The Top Company, Says Elon Musk

Earnings

HUIZ

Huize Holding Q3 Adj EPADS $0.00, Sales $52.68M Up From $40.08M YoY

Piper Sandler analyst Arvind Ramnani maintains C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) with a Neutral and raises the price target from $24 to $42.

Piper Sandler Maintains Neutral on C3.ai, Raises Price Target to $42

Investors in&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and&nbsp;Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are evaluating proposals to invest in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) following the notable gains achieved by&nbsp;MicroStrategy Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) through its bitcoin strategy.
What Happened: Microsoft shareholders are set to vote on Dec. 10 on a proposal to consider bitcoin as a balance sheet asset. The proposal, supported by the National Center for Public Policy Research, recommends holding at least 1% of assets in bitcoin, citing its potential as an inflation hedge, Business Insider<a href="https://markets.businessinsider.com/news/currencies/microstrategy-crypto-bitcoin-rally-saylor-microsoft-amazon-shareholders-inflation-cryptocurrency-2024-12"> reported</a> on Tuesday.
Similarly, a proposal has been made for Amazon to allocate 5% of its assets to bitcoin, highlighting bitcoin&#8217;s impressive 1,246% price increase over the past five years, which has outperformed corporate bonds.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42404610/peter-schiff-advises-biden-to-do-one-good-thing-before-his-term-ends-sell-all-the-bitcoin-held-by-the-us?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Peter Schiff Advises Biden To Do One &#8216;Good Thing&#8217; Before His Term Ends: &#8216;Sell All The Bitcoin&#8217; Held By The US</a>
Despite these suggestions, Microsoft&#8217;s board has advised against the proposal, stressing the importance of maintaining stability in corporate treasury holdings. The board believes that their current processes are sufficient for ensuring long-term shareholder value.
Meanwhile, MicroStrategy&#8217;s CEO, Michael Saylor, has presented to Microsoft&#8217;s board, advocating for potential market value growth through bitcoin investment. However, the betting site Polymarket suggests only a 13% likelihood of shareholder approval for Microsoft&#8217;s Bitcoin evaluation.
Why It Matters:&nbsp;MicroStrategy&nbsp;recently disclosed a <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42391481/microstrategy-acquires-21b-worth-of-bitcoin-total-holdings-now-exceed-423000-btc">significant acquisition of 21,550 bitcoins</a> for approximately $2.1 billion, bringing its total holdings to over 423,000 BTC. This purchase was funded through the issuance and sale of company shares, generating net proceeds of about $2.13 billion. The move underscores MicroStrategy&#8217;s aggressive bitcoin strategy, which has influenced other tech giants to consider similar investments.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/general/education/24/11/42017619/heres-how-much-100-in-bitcoin-could-be-worth-in-2030-if-cathie-woods-price-target-is-reached?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Here&#8217;s How Much $100 In Bitcoin Could Be Worth In 2030 If Cathie Wood&#8217;s Price Target Is Reached</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

AMZN

MSTR

Microsoft, Amazon Investors Eye Bitcoin Investments Amid MicroStrategy's Success

<h3>Companies Reporting Before The Bell</h3>
• Designer Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $802.14 million. 
• ImmunoPrecise Antibodies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPA#NASDAQ">IPA</a>) is expected to report quarterly loss at $0.07 per share on revenue of $4.77 million. 
• G-III Apparel Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>) is likely to report quarterly earnings at $2.27 per share on revenue of $1.10 billion. 
• LightInTheBox Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LITB#NYSE">LITB</a>) is estimated to report earnings for its third quarter. 
• Huize Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUIZ#NASDAQ">HUIZ</a>) is likely to report earnings for its third quarter. 
• AutoZone (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) is estimated to report quarterly earnings at $33.69 per share on revenue of $4.31 billion. 
• Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) is expected to report quarterly earnings at $1.28 per share on revenue of $1.38 billion. 
• Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) is likely to report quarterly earnings at $0.35 per share on revenue of $89.24 million. 
• Johnson Outdoors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) is expected to report quarterly loss at $0.68 per share on revenue of $120.54 million. 
• Ollie's Bargain Outlet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLLI#NASDAQ">OLLI</a>) is projected to report quarterly earnings at $0.57 per share on revenue of $520.28 million. 
• MoneyHero (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNY#NASDAQ">MNY</a>) is estimated to report earnings for its third quarter. 
• D-MARKET Electronic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPS#NASDAQ">HEPS</a>) is estimated to report earnings for its third quarter. 
• United Natural Foods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $7.66 billion. 
• Ferguson Enterprises (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) is expected to report quarterly earnings at $2.62 per share on revenue of $7.82 billion. 
<h3>Companies Reporting After The Bell</h3>
• Frequency Electronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEIM#NASDAQ">FEIM</a>) is likely to report earnings for its second quarter. 
• GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) is projected to report quarterly loss at $0.03 per share on revenue of $887.70 million. 
• Energy Transfer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ET#NYSE">ET</a>) is estimated to report quarterly earnings at $0.17 per share on revenue of $120.41 million. 
• Dave &amp; Buster's Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) is likely to report quarterly loss at $0.28 per share on revenue of $469.81 million. 
• Sportsman's Warehouse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWH#NASDAQ">SPWH</a>) is projected to report quarterly loss at $0.02 per share on revenue of $300.47 million. 
• Mama`s Creations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) is expected to report quarterly earnings at $0.04 per share on revenue of $30.05 million. 
• MIND Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIND#NASDAQ">MIND</a>) is expected to report quarterly earnings at $0.13 per share on revenue of $10.25 million. 
• Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) is expected to report quarterly loss at $2.92 per share on revenue of $130.00 million. 
• Stitch Fix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) is expected to report quarterly loss at $0.14 per share on revenue of $319.84 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FEIM

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GIII

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Earnings Scheduled For December 10, 2024

Stellantis and CATL to Invest Up to €4.1 Billion in Joint Venture for Large-Scale LFP Battery Plant in Spain
<ul>
<li>Joint venture to build an all-new lithium iron phosphate (LFP) battery plant at Stellantis' Zaragoza, Spain site</li>
<li>Production is planned to start by end of 2026 and could reach up to 50 GWh capacity</li>
<li>Stellantis is committed to bringing more affordable battery electric vehicles in support of its Dare Forward 2030 strategic plan leveraging its dual-chemistry strategy</li>
<li>Plant will enable CATL to better meet customers' need for advanced battery technology and support global climate ambitions</li>
</ul>

STLA

Stellantis And CATL To Invest €4.1B In Spain-Based LFP Battery Plant, Supporting Affordable EV Goals

In a swift response to the ongoing <a href="https://www.benzinga.com/trading-ideas/movers/24/12/42345843/bullets-used-to-kill-unitedhealthcare-ceo-contained-eerie-message-heres-what-they-could-mean">investigation into the murder</a> of UnitedHealthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) CEO Brian Thompson, social media giants have taken decisive actions against the suspect, Luigi Mangione.
What Happened: On Monday, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) removed Mangione&#8217;s Facebook and Instagram accounts.
Similarly, Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) YouTube deleted three channels linked to him, as well as an impersonator&#8217;s channel. The channels were removed under YouTube&#8217;s creator responsibility and impersonation policies.
Mangione&#8217;s account on X, formerly Twitter was briefly suspended during his arraignment in Pennsylvania.
See Also: <a href="https://www.benzinga.com/24/12/42376972/metas-llama-33-70b-the-new-ai-model-that-outperforms-google-openai-and-amazon-with-unmatched-efficiency?itm_source=parsely-api">Meta Announces Llama 3.3 70B That Outperforms OpenAI&#8217;s GPT-4o, Google&#8217;s Gemini, and Amazon&#8217;s AI Models</a>
X's owner Elon Musk stated he was unaware of the suspension and promised to investigate.
<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">This happened without my knowledge. Looking into it.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1866271914253008945?ref_src=twsrc%5Etfw">December 10, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Following this, Mangione&#8217;s X account was reinstated. His account had seen a significant increase in followers, jumping from under a thousand to more than 274,000, at the time of writing.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/10024958/Screenshot-2024-12-10-at-1.19.49%E2%80%AFPM-1024x689.png" alt="" class="wp-image-684585" /><figcaption class="wp-element-caption">Source: X</figcaption></figure>
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
Why It Matters: New York officials have charged Mangione with second-degree murder and multiple weapon possession charges, <a href="https://edition.cnn.com/us/live-news/brian-thompson-unitedhealthcare-death-investigation-12-9-24/index.html">reported</a> CNN.
He was <a href="https://www.benzinga.com/24/12/42399029/unitedhealth-group-shares-are-on-the-rise-today-whats-going-on">arrested Monday morning</a> in Pennsylvania and is being questioned regarding his involvement in Thompson&#8217;s murder. The investigation continues as authorities seek to uncover the motive behind the killing.
The murder of Thompson has placed UnitedHealthcare under intense scrutiny. The company is facing questions about potential links between Thompson&#8217;s death and industry tensions.
Bullet <a href="https://www.benzinga.com/24/12/42365853/unitedhealthcare-faces-tough-questions-following-insurance-business-ceos-tragic-death">casings found at the crime scene</a> bore inscriptions like &#8220;deny&#8221; and &#8220;delay,&#8221; terms often associated with insurance practices.
This incident has also highlighted the growing trend of <a href="https://www.benzinga.com/news/management/24/12/42373168/ceos-bulk-up-on-security-mark-zuckerberg-outspent-sundar-pichai-elon-musk-before-unitedhealthcare-ceo-killing">increased security spending</a> by companies for their executives, with Mark Zuckerberg's Meta leading the way.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42404763/pichai-and-musk-dream-big-about-quantum-computing-and-solar-energy-the-most-obvious-path-is-staring-at-our-eyes-literally?itm_source=parsely-api">Google&#8217;s Willow Quantum Computing Chip Sparks Stellar Conversation Between Elon Musk And Sundar Pichai: &#8216;Most Obvious Path Is Staring At Our Eyes&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Social Media

Tech

Meta And YouTube Remove Accounts Of Luigi Mangione, But X Reinstates Profile: Elon Musk Says, 'Happened Without My Knowledge'

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Modular Water Systems Finds Market Traction for New "Mini-Pod" EveraTREAT MINI

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Fortune Rise Acquisition Corporation Receives October Monthly Extension From Sponsor Affiliate to Complete Its Initial Business Combination

Revolutionary Pump Station Solution Solves Long-Term Wastewater Infrastructure Challenge

Announcement Regarding the Progress of Fortune Rise Acquisition Corporation's Proposed Business Combination with Water On Demand, Inc.

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