Haier Smart Home (OTC:QIHCF) Stock, Quote.Headers.trade-ideas

Haier Smart Home is one of the largest household appliance manufacturers globally, with key products spanning refrigerators, washing machines, kitchen appliances, air conditioners, and water solutions. It has been consistently among the top three in China by retail sales in most home appliance categories. The company has also established a footprint in distribution channel services and commercial refrigeration business. Haier generates around 50% of sales outside China. As of December 2023, Haier Group and its subsidiaries are the largest shareholders of Haier Smart Home with around 29% equity interest in aggregate.

Haier Smart Home Co Ltd

Morgan Stanley analyst Cameron Mansson-Perrone reinstates Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) with a Underweight and announces $23 price target.

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SIRI

Morgan Stanley Reinstates Underweight on Sirius XM Holdings, Announces $23 Price Target

The restructuring actions will be implemented in phases and include:
<ul>
<li>Selling, general, and administrative functions will be streamlined beginning immediately and through 4Q 2025, resulting in severance payments to approximately 170 employees, or&nbsp;6%&nbsp;of the SG&amp;A workforce.</li>
<li>The closure of three manufacturing facilities.</li>
<li>The Company expects to incur pre-tax cash charges of approximately&nbsp;$38&nbsp;to&nbsp;$42 million, primarily related to severance costs, as a result of these programs, mostly in 3Q 2024.</li>
<li>Once the program is fully implemented by the end of 2026, Vishay expects to realize annualized cost savings of at least&nbsp;$23 million&nbsp;of which approximately&nbsp;$12 million&nbsp;is expected to be in selling, general and administration expenses</li>
<li>. The Company expects to realize immediate annualized cost savings of approximately&nbsp;$9 million. Beginning 1Q 2025, the Company expects to realize approximately&nbsp;$12 million&nbsp;in annualized cost savings.&nbsp;&nbsp;</li>
</ul>

Vishay Intertechnology Implements Restructuring Actions; Plans Closure Of Three Manufacturing Facilities, Job Cuts

On Tuesday, drone solutions and systems developer Draganfly Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DPRO#NASDAQ">DPRO</a>) received a purchase order from TB2 Aerospace (TB2) for Commander 3XL Drones to be deployed with TB2 Drone Recharging Operational Payload System Pods (DROPS) within the U.S. Department of Defense (DoD).
This order represents the beginning of the deployment and scaling of the DROPs system in conjunction with the Draganfly line of drones. The financial terms were not disclosed.
The Commander 3XL will be utilized to carry out various logistics missions. It is well suited as a transport vehicle, as is the entire Draganfly drone product line for TB2 Aerospace&#8217;s smart logistics PODs.
Draganfly Drones are interoperable, providing operators with a variety of aircraft size, payload capacity, and weight configurations that utilize common communication, counter-electronic warfare options, mission planning software, accessories, payloads, and more.
TB2 Aerospace and Draganfly have collaborated to integrate TB2&#8217;s DROPS Pods on Draganfly&#8217;s drones, positioning Draganfly as a primary transport vehicle for TB2 Aerospace deployments within the DoD.
&#8220;We chose Draganfly to be our launch and developmental partner as they have a fantastic series of UAVs,&#8221; said Hank Scott, CEO of TB2.
&#8220;Their aircraft are very stable, easy to fly and set up, and we were impressed by the commonality between their three UAVs. Common controllers, batteries, motors, and parts mean that the DoD can train a Warfighter to operate three different-sized UAVs with a simple, standardized training package. The commonality and interchangeable components will reduce DoD operational and training costs and standardize the supply chain,&#8221; Scott added.
Last week, Draganfly&nbsp;and Nightingale Security announced that a major oil and gas company had selected them to develop a fully automated UAS solution <a target="_blank" href="https://www.benzinga.com/news/24/09/40895256/exclusive-draganfly-and-nightingale-secure-contract-with-leading-oil-and-gas-company-for-automated-u" rel="noreferrer noopener">for infrastructure monitoring</a>.
Price Action: DPRO stock closed at $2.08 on Monday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40990520/strong-market-opportunities-for-onestream-amid-rising-demand-for-ai-driven-financia" target="_blank" rel="noreferrer noopener">Strong Market Opportunities For OneStream Amid Rising Demand for AI-Driven Financial Solutions, Analyst Says</a>.</li>
</ul>

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DPRO

EXCLUSIVE: Draganfly Secures Military Purchase Order For Its Commander 3XL Used For Logistics

Cannabis-focused fintech connector Green Check announced on Tuesday a new feature that enables access to banking services for licensed cannabis-related businesses (CRBs) operating within Indigenous communities.
What Happened: CRBs with tribal licenses can now onboard seamlessly onto the Green Check platform, expanding access to banking for CRBs on sovereign land. It will include regulatory rules in future updates, streamlining the onboarding process while simplifying access to essential financial services for businesses.
Why It Matters: The new feature seeks to address a gap in financial services available for the CRBs on Indigenous lands, considering state-issued license requirements have created barriers for financial institutions in serving businesses licensed by sovereign nations.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24044420/ccc-oct-24-banner__1_-36.gif" alt="" class="wp-image-562596" /></a></figure>
"As Green Check&nbsp;continues to innovate and update our program for CRBs operating on sovereign lands, our platform will be able to recognize the unique program rules and license types specific to these businesses, as opposed to typical state program rules," Stacy Litke, vice president of banking programs at Green Check, exclusively told Benzinga. "This will allow us to provide even more accurate evaluations of transaction compliance, ensuring financial institutions have what they need to properly bank these legal businesses."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/06/39135842/exclusive-green-check-verified-lands-100m-in-financing-requests-partners-with-brinks-coda-capita">EXCLUSIVE: Green Check Verified Lands $100M In Financing Requests, Partners With Brinks, Coda Capital&nbsp;</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
Aligning banking services with tribal governance has the potential to reshape the relationship between financial institutions and indigenous communities. Keeping in mind that traditional financial institutions have been shying away from tribal cannabis programs due to uncertainty and unfamiliarity, Litke continued.
"By helping them navigate the tribal program particulars, while providing tribal-specific information in the Green Check platform, those financial institutions should be able to mitigate the risks of cannabis banking for those programs in the same way they would state-run programs," Litke explained. "Ideally, this allows for tribal program participants to have the same access to cannabis-friendly financial services that state-regulated operators have."
<h3 class="wp-block-heading">ICIA's Support</h3>
Green Check has turned to the expertise of the Indigenous Cannabis Industry Association (ICIA), to support this expansion. Considering the number of licensed cannabis-related businesses (CRBs)  increased by nearly 25% since January 2023, Green Check recognized the importance of collaboration with an organization within the Indigenous community, Litke continued.
"With the guidance and expertise of the ICIA, Green Check will&nbsp;be able to better navigate tribal government structures to understand their programs," Litke explained. "ICIA has also been working with tribal nations to help them launch cannabis programs, providing recommendations and best practices. Green Check can support ICIA&#8217;s members with access to cannabis-friendly financial services, which will help them in running their programs and businesses."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/04/38270878/exclusive-green-check-brinks-owned-pai-forge-partnership-to-expand-atm-access-for-cannabis-busin">EXCLUSIVE: Green Check, Brinks-Owned PAI Forge Partnership To Expand ATM Access For Cannabis Businesses</a></li>
</ul>
Photo: Courtesy of Cova Software on Unsplash

Cannabis

Entrepreneurship

Financing

EXCLUSIVE: How Green Check is Helping Indigenous Cannabis Businesses Get The Banking They Need

Guggenheim analyst Joseph Osha initiates coverage on GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) with a Buy rating and announces Price Target of $300.

Guggenheim Initiates Coverage On GE Vernova with Buy Rating, Announces Price Target of $300

Morgan Stanley analyst Terence Flynn upgrades BioNTech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNTX#NASDAQ">BNTX</a>) from Equal-Weight to Overweight and raises the price target from $93 to $145.

Upgrades

BNTX

Morgan Stanley Upgrades BioNTech to Overweight, Raises Price Target to $145

EXCLUSIVE: Draganfly Tells Benzinga 'Commander 3XL to be used as a primary transport vehicle for the TB2 Aerospace DROPS UAV Cargo POD for autonomous tactical resupply'

Earnings

Earnings Misses

AutoZone Q4 2024 Adj. EPS $48.11 Misses $53.53 Estimate

EXCLUSIVE: Draganfly Tells Benzinga Co. Receives Military Purchase Order For Its Commander 3XL To Be Used For Logistics Within Various Branches Of The U.S Department Of Defense

After the market ended at a fresh record on Monday, traders have positioned themselves for more gains. The index futures are modestly higher early Tuesday. China, the second largest economy in the world, decided to go bold, with the nation&#8217;s central bank announcing a series of stimulatory measures. This has sent commodities soaring, given China is a commodity-guzzling country. China&#8217;s growth has a bearing on the rest of the global economy as it is often called the world&#8217;s factory.
In the domestic market, traders may look ahead to a speech by a Federal Reserve official, a consumer confidence reading and a couple of house prices data. Momentum suggests additional gains but the overbought levels may introduce caution, especially ahead of key inflation data due this week and more labor market data that would roll out next week.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.32%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.19%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.17%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.44%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.23% to $570.96 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) climbed 0.35% to $484.74, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed Monday&#8217;s session modestly higher although trading was marked by some degree of volatility. The major indices opened higher, as they digested comments from Fed officials, and reacted to S&amp;P Global private sector activity readings, which showed the manufacturing sector contracted more than expected. Minneapolis Fed President Neel Kashkari said in an interview with CNBC&#8217;s Squawk Box that he favored a slowdown in rate cuts.
The indices traded on a nervous note, with the Dow Industrials and the Nasdaq Composite dipping below the unchanged line in the mid-session before making a comeback. The Dow hit new intraday and closing highs, while the S&amp;P 500 Index, despite the mid-session volatility, traded in the green throughout the session and ended at a fresh high.
Among S&amp;P 500 sectors, real estate, utility, material, energy and consumer discretionary stocks advanced solidly. On the other hand, communication services, healthcare and IT stocks experienced modest weakness.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.14%</td>
<td>17,974.27</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.28%</td>
<td>5,718.57</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.15%</td>
<td>42,124.65</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.34%</td>
<td>2,220.28</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The Fed delivered in line with expectations and it is now time to move to neutral on defensives vs. cyclicals, said Morgan Stanley&#8217;s U.S. Equity Strategist Mike Wilson. The valuation of defensives has reached extended levels and &#8220;we await more clarity on the labor data,&#8221; the strategist said. 
&#8220;Historically, defensives see fairly persistent outperformance 3-12 months following the Fed&#8217;s first cut, but can see initial, modest underperformance in the 1 month following the initial rate reduction,&#8221; Wilson said. The strategist recommended taking profits on the recent outperformance of defensives makes sense in the absence of knowing the outcome of the next labor report. 
Wilson said he continued to have conviction in his recommendation of large caps over small caps and also his bias for high-quality names.
WisdomTree Senior Economist and Wharton Professor Emeritus Jeremy Siegel said valuations across many sectors appear stretched by historical standards, particularly in the technology sector and AI-driven companies. &#8220;This reflects a broader market anticipation of substantial growth driven by technological advancements,&#8221; he said.
&#8220;As AI continues to evolve, it will be crucial to differentiate between companies that are genuinely creating value through innovative AI applications and those whose valuations are inflated by speculative interest.&#8221;
Siegel sees big rate cuts supporting small-cap companies that borrow at short-term borrowing rates as these companies have been the most impacted by the Fed&#8217;s aggressive rate hikes and they have some relatively cheap valuations in the U.S. market.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data:
<ul>
<li>Federal Reserve Governor Michelle Bowman is scheduled to speak at 9 a.m. EDT.</li>
<li>The S&amp;P/Case-Shiller and Federal House Finance Agency are due to announce the results of their separate house price surveys for July at 9 a.m. EDT.</li>
<li>The Conference Board will announce its consumer confidence index for September at 10 a.m. EDT, with economists, on average, expecting the index to rise from 103.3 in August to 104 currently.</li>
<li>The Treasury is set to auction two-year notes at 1 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Liberty Broadband Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) shares soared over 18% <a href="https://www.benzinga.com/premarket">in premarket trading</a> after the company announced that it communicated a counterproposal to the Special Committee of the Board of Directors of Charter Communications, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) regarding its proposed acquisition by the latter.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) dropped over 3% following the company&#8217;s announcement concerning a convertible note offering.</li>
<li>Hawaiian Electric Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) plunged over 11.50% after the company announced a commons stock offering.</li>
<li>AutoZone, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZO#NYSE">AZO</a>) and THOR Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>) are among the companies due to <a href="https://www.benzinga.com/calendars/earnings">announce their quarterly results before the market opens.</a></li>
<li>Those reporting after the close include KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>), Progress Software Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRGS#NASDAQ">PRGS</a>), Stitch Fix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFIX#NASDAQ">SFIX</a>) and Worthington Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOR#NYSE">WOR</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Oil and gold futures climbed, with the latter trading in record territory amid stimulus measures announced by China&#8217;s central bank, and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is little changed at $63.5K level. The 10-year Treasury note climbed 5.5 points to 3.793%.
Asian stocks, though ending mixed, saw spectacular performances by the Chinese market. The Shanghai Composite Index soared over 4% on stimulus hopes, and this positivity seeped into the Hong Kong market. The Chinese stock market gauge&#8217;s performance marked the biggest one-day gain in over four years. 
The People&#8217;s Bank of China announced a slew of measures to kickstart domestic growth, which has been constrained by an ailing property sector. In a new conference in Beijing, central bank chief Pan Gongsheng said, &#8220;The reserve requirement ratio will be cut by 0.5 percentage points in the near future,&#8221; while he also hinted at reducing the policy interest rate and driving down the market benchmark interest rate to reinvigorate growth.
&#8216;The Taiwanese and South Korean markets also recorded decent gains. The Australian market retreated amid a pause decision by the central bank.
The European markets firmed up early Tuesday.
Read Next:
<ul>
<li>S&amp;P 500 Outpaces Wall Street Projections As Year-End Nears: Will The Rally Hold?</li>
</ul>
Image Via Shutterstock

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Nasdaq, S&P 500 Futures Firm, China's Economic Stimulus Fuels Commodities, Bitcoin Steady: Here's What Traders Should Be Watching Tuesday

Saeta is a developer, owner and operator of renewable power assets with capabilities across the entire value-chain. The transaction consists of a portfolio of 745 megawatts (MW) of predominantly wind assets &ndash; 538 MW of wind assets in Spain, 144 MW of wind assets in Portugal and 63 MW solar PV assets in Spain &ndash; and includes a 1.6 gigawatt (GW) development pipeline.
The transaction excludes a regulated portfolio of 350 MW of concentrated solar power assets, which Brookfield will retain and continue to operate.

Masdar Reveals Proposed Acquisition Of Saeta Yield From Brookfield Renewable For An Implied Enterprise Value Of c. $1.4B

AutoZone Q4 Sales $6.205B Miss $6.221B Estimate

HC Wainwright &amp; Co. analyst Robert Burns reiterates Black Diamond Therapeutic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDTX#NASDAQ">BDTX</a>) with a Buy and maintains $11 price target.

Reiteration

BDTX

HC Wainwright & Co. Reiterates Buy on Black Diamond Therapeutic, Maintains $11 Price Target

FAASW

Trading Halt: Halted at 6:55:00 a.m. ET - Trading Halt: Halt News Pending

FAAS

HC Wainwright &amp; Co. analyst Matthew Caufield reiterates Kodiak Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOD#NASDAQ">KOD</a>) with a Neutral and maintains $3 price target.

HC Wainwright & Co. Reiterates Neutral on Kodiak Sciences, Maintains $3 Price Target

WIIM

Thor Industries shares are trading lower after the company reported Q4 financial results and issued worse-than-expected FY25 outlook.

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates Biohaven (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>) with a Buy and maintains $59 price target.

BHVN

HC Wainwright & Co. Reiterates Buy on Biohaven, Maintains $59 Price Target

Leerink Partners analyst Andrew Berens downgrades Regeneron Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) from Outperform to Market Perform and lowers the price target from $1175 to $1077.

Downgrades

REGN

Leerink Partners Downgrades Regeneron Pharmaceuticals to Market Perform, Lowers Price Target to $1077

Castellum Reveals $4.1M New Contract Win With Its Protégé, Epic Systems; Castellum's Subsidiary Corvus To Have 49% Work Share On The Contract

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Haier Smart Home

Haier Smart Home (QIHCF) Forecast

Haier Smart Home (OTC:QIHCF) Stock, Quote.Headers.trade-ideas