Rigetti Computing Stock (NASDAQ:RGTI), Trade Ideas

Rigetti Computing

Rigetti Computing Inc is engaged in the business of full-stack quantum computing. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, it derives a majority of its revenue from the United States.

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Needham analyst initiates coverage on D-Wave Quantum Inc with Buy rating and $2.5 target. D-Wave stands out in quantum computing with commercial focus and potential for growth.

D-Wave Quantum Stands Out in Commercial Quantum Computing Revolution, Bullish Analyst Says

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	Novo Integrated Sciences, Inc.  (NASDAQ: NVOS) jumped 85.4% to $0.1267 after the company and Farm 7 Group announced a joint venture for Kenya Agricultural Cooperative Project.


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U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling around 65 points on Friday.

The Dow traded up 0.32% to 35,289.89 while the NASDAQ fell 0.48% to 13,672.26. The S&amp;P 500, also fell, dropping, 0.02% to 4,467.80.

Crude Oil Rises; Evolv Technologies Shares Spike Higher

Rigetti Computing Inc

Rigetti Computing, Inc. - Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50

<p>The <a href="https://www.benzinga.com/topic/hemp">hemp </a>market, after riding the highs of the &#8220;green rush&#8221; in 2021, faced significant challenges in 2022, similar to the broader global cannabis market downturn. This period was marked by considerable corrections in cultivation and prices. However, a recent report from the U.S. Department of Agriculture (USDA) brings promising news: the market is showing signs of stabilization.</p>
<h3 class="wp-block-heading">Key Insights From USDA Report</h3>
<p>The USDA&#8217;s National Agricultural Statistics Service released a <a href="https://release.nass.usda.gov/reports/hempan24.pdf">report </a>indicating positive trends in the hemp industry:</p>
<p><strong>Market Value and Acreage</strong>: The value of open hemp production rose to $291 million, an 18% increase from the previous year, with a stable cultivation area of around 27,000 acres nationwide. The report highlighted that the unprotected segment of the hemp market (areas not covered by specific hemp programs) reached a production value of $258 million.</p>
<p><strong>Yield Improvements</strong>: Interviews with farmers revealed that increased market value is partly due to improved yields in various hemp categories, including grain, fiber and floral hemp. The report, now in its third consecutive year, aims to standardize agricultural research and focuses on CBD and non-intoxicating cannabis crops, designated as &#8220;specialty crops&#8221; since the 2018 Farm Bill.</p>
<ul>
<li>Fiber hemp yield for 2023 was estimated at 4,053 pounds per acre, a significant increase from the previous year.</li>
<li>Floral hemp yield was estimated at 1,088 pounds per acre, also showing an improvement.</li>
<li>Grain hemp yield was estimated at 779 pounds per acre, marking a notable increase.</li>
</ul>
<p><strong>Leading States</strong>: South Dakota (3200 harvested area), Montana (2300), Oregon (2900), and California (2100) emerged as the top hemp-producing states, collectively accounting for nearly half of the country&#8217;s hemp cultivation area.</p>
<p><strong>Prices</strong>: For various categories of industrial floral hemp prices were recorded as follows: </p>
<ul>
<li>Dried flower at $4.38 per pound, bucked at $6.35, hand-trimmed at $87.8, and $59.2 for other forms. </li>
<li>Notably, there has been a decrease in the price of dried flowers, which stood at $11.90 per pound in 2022. </li>
<li>However, the price for bucked hemp experienced a significant increase, doubling from the previous year&#8217;s $3.12.</li>
</ul>
<p>The process of bucking, which is an industrial method used to separate cannabinoid-rich flowers from the rest of the biomass, highlights the differentiated pricing based on the processing level of hemp.</p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">In 2023, the value of hemp production in the open and under protection for the United States totaled $291 million, up 18% from 2022. See more <a href="https://twitter.com/hashtag/AgStats?src=hash&amp;ref_src=twsrc%5Etfw">#AgStats</a> in the National Hemp Report &#x27a1;&#xFE0F;<a href="https://t.co/xeuwXqTpDB">https://t.co/xeuwXqTpDB</a></p>
<p>&mdash; National Agricultural Statistics Service (@usda_nass) <a href="https://twitter.com/usda_nass/status/1780673275707728216?ref_src=twsrc%5Etfw">April 17, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<h3 class="wp-block-heading">Why Hemp Matters</h3>
<p>Hemp is gaining attention for its <a href="https://www.benzinga.com/markets/cannabis/23/06/32783960/hemp-could-be-the-biggest-investment-opportunity-since-plastic">environmental benefits and versatility</a>. As a gluten-free crop with a great nutritional profile, Hemp offers a sustainable alternative in food, fiber, and construction material production. It requires <a href="https://www.benzinga.com/markets/cannabis/24/01/36539826/is-eco-friendly-hemp-farming-profitable-this-company-proves-it-is-and-now-leads-a-revolution-in-">fewer pesticides and less water </a>than cotton and is twice as efficient as trees in carbon absorption, positioning hemp as a crucial crop for environmental sustainability.</p>
<p>This USDA report underscores the hemp market&#8217;s resilience and <a href="https://www.benzinga.com/general/biotech/24/03/37633391/usda-invests-10m-in-hemp-research-tribal-lands-and-bidens-hemp-biotech-initiative">potential for growth</a>, highlighting the industry&#8217;s adaptation to challenges and its role in sustainable agriculture.</p>



Cannabis

USDA Hemp Market Report Shows Stability And Growth Amid Challenges

GSUN

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

<p>The 12 jurors who will decide the fate of former President <strong>Donald Trump</strong> were selected in the highly anticipated criminal trial involving alleged <a href="https://www.benzinga.com/general/politics/24/04/38251447/trump-hush-money-trial-preview-key-witnesses-2024-campaign-impact-prison-time-trump-could-face-i">hush money payments.</a></p>
<p>Here are the latest details and what comes next.</p>
<p><strong>What Happened:</strong> A lengthy process that saw <a href="https://www.benzinga.com/general/social-media/24/04/38282616/trump-trial-gets-7-jurors-11-to-go-their-old-social-media-posts-take-center-stage-in-court-e">hundreds of potential jurors</a> asked about their necessity to be impartial in the trial against Trump is one step closer to the trial beginning.</p>
<p>On Thursday, jurors seated for the hush money case now stands at 12, the total needed for the verdict, as <a href="https://www.nbcnews.com/politics/donald-trump/live-blog/trump-hush-money-trial-day-3-live-updates-rcna145936">shared </a>by NBC News.</p>
<p>Making up the jury are seven men and five women. Here are the jurors and their professions, as <a href="https://www.nbcnews.com/politics/donald-trump/meet-the-first-7-jury-members-as-trumps-hush-money-trial-progresses-rcna148198">reported </a>by NBC News.  </p>
<ol>
<li>Male, works in sales</li>
<li>Male, investment banking</li>
<li>Male, attorney</li>
<li>Male, security engineer</li>
<li>Female, teacher</li>
<li>Female, software engineer</li>
<li>Male, attorney, likes the outdoors</li>
<li>Male, retired, previously worked in wealth management</li>
<li>Female, speech therapist</li>
<li>Male, commerce worker</li>
<li>Female, product development manager</li>
<li>Female, physical therapist</li>
</ol>
<p>"We have our jury," Judge<strong> Juan Merchan</strong> said after a 12<sup>th</sup> juror was agreed upon by the prosecution and defense.</p>
<p>Merchan gave instructions to the jurors Thursday before they left, reminding them that they cannot discuss the case. The judge reminded the jurors that they are expected to view the case with a "fair and impartial manner."</p>
<p>Getting to 12 jurors Thursday could come as a surprise after the way the court day began. After reaching seven jurors Tuesday before adjourning the trial until Thursday, two of the jurors were removed early Thursday.</p>
<p>One juror was dismissed after a prior arrest was brought into question.</p>
<p>Juror 2, an oncology nurse, was excused earlier in the day after saying that after sleeping on the case, she worried she could no longer be impartial. She also was concerned about her identity becoming public with family already asking if she was on the jury.</p>
<p>The jury selection process has also seen large numbers of potential jurors dismissed after saying they can't be impartial in the case. When Merchan asked a pool of 96 potential jurors to raise their hand if they can't be impartial in the case, 48 were immediately dismissed.</p>
<p><em>Related Link: <a href="https://www.benzinga.com/general/politics/24/04/38261008/donald-trump-argues-political-prosecution-before-jury-selection-in-new-york-trial-judge-not-goin">Donald Trump Argues &#8216;Political Prosecution&#8217; Before Jury Selection In New York Trial: &#8216;Judge Not Going To Allow Me To Escape This Scam&#8217;</a></em></p>
<p><strong>What's Next:</strong> Six additional jurors are still needed, who will serve as alternates.</p>
<p>The plan, as of now, is for the trial to begin Monday. This could happen if the alternates are selected on Friday. "I'm hopeful we will finish tomorrow," Merchan said.</p>
<p>Trump's hush money criminal trial is expected to last six to eight weeks.</p>
<p>Speaking to reporters after the case wrapped Thursday, Trump said he should have been campaigning in key states for the 2024 election.</p>
<p>"I've been here all day," Trump said.</p>
<p>Trump called the case an "unfair trial."</p>
<p>"The whole thing is a mess."</p>
<p><strong>DJT Price Action:</strong> Shares of<strong> Trump Media &amp; Technology Group Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) have been volatile during Trump's legal proceedings.</p>
<p>Shares spiked Thursday, but it was likely unrelated to the case. The<a href="https://www.benzinga.com/markets/equities/24/04/38319481/why-trump-media-technology-group-shares-are-gaining-thursday"> shares traded higher </a>after a filing from the company explained to shareholders how to keep the shares they own from being loaned out for short selling.</p>
<p>DJT shares closed Thursday up 25.72% to $33.19 versus a 52-week trading range of $22.55 to $79.38.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/general/politics/24/04/38279176/trump-hush-money-trial-draws-reaction-from-congressman-talk-show-hosts-worse-than-anything-richa">Trump Hush Money Trial Draws Reaction From Congressman, Talk Show Hosts: &#8216;Worse Than Anything Richard Nixon Ever Did&#8217;</a></em></p>
<p><em>Photo: Created with artificial intelligence on MidJourney and Zolnierek on Shutterstock</em></p>


Politics

Legal

Trump Hush Money Trial Has 12 Jurors: Here Are The 7 Men, 5 Women To Decide Former President's Fate

<p>Two of the greatest and most well-known movie directors of the past 50 years are teaming up on a new series. Here's what <strong>Martin Scorsese </strong>and <strong>Steven Spielberg</strong> are up to and how it could help<a href="https://www.benzinga.com/topic/streaming-stocks"> a streaming company.</a></p>
<p><strong>What Happened: </strong>Scorsese and Spielberg are uniting to serve as executive producers on a <strong>"Cape Fear"</strong> series. The series, which is based on 1962 and 1991 films will <a href="https://www.benzinga.com/topic/apple-tv-0">stream on AppleTV+</a>, a unit of <strong>Apple Inc </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>). </p>
<p>It is unknown if Scorsese or Spielberg will direct or write the series, or both will simply serve as producers on the project. The news was reported by <a href="https://variety.com/2024/film/news/martin-scorsese-frank-sinatra-biopic-dicaprio-jennifer-lawrence-1235973769/">Variety</a>. </p>
<p>Starring <strong>Nick Nolte </strong>and <strong>Robert De Niro,</strong> the 1991 film grossed $79.1 million domestically and $182.3 million worldwide. The film centers on a lawyer who is stalked by a former client who is released from prison. Scorsese was the director of the film.</p>
<p>The 1962 film starred<strong> Gregory Peck </strong>and <strong>Robert Mitchum. &nbsp;</strong></p>
<p>The new series isn't the only item in the works for Scorsese or Spielberg.</p>
<p>Scorsese plans on shooting back-to-back films according to Variety. One would be about <strong>Jesus </strong>and the other about musician <strong>Frank Sinatra</strong>.</p>
<p>The Jesus film is based on the 1973 book "Life of Jesus" and Scorsese is considering independently financing it.</p>
<p>The Sinatra film is eying <strong>Leonardo DiCaprio</strong> as the singer and<strong> Jennifer Lawrence</strong> to play the singer's second wife, <strong>Ava Gardner</strong>. This film is drawing attention from several companies including Apple, but <strong>Sony Group Corp </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) is believed to be in the lead.</p>
<p>Spielberg is also working on a UFO film and on a series based on <strong>Napoleon Bonaparte</strong>. The series, which sources material from an unfinished film of Stanley Kubrick, will air on <strong>Warner Bros. Discovery </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)-owned HBO.</p>
<p><em>Related Link: <a href="https://www.benzinga.com/general/entertainment/24/04/38024244/appletv-a-streaming-winner-new-survey-shows-platform-has-smallest-library-highest-rated-con">AppleTV+ A Streaming Winner? New Survey Shows Platform Has Smallest Library, Highest Rated Content</a></em></p>
<p><strong>Why It's Important:</strong> Even as producers of the new series and no involvement beyond that, the inclusion of Scorsese and Spielberg could help AppleTV+ have a new hit series that will get a lot of attention.</p>
<p>Given the previous source material and the names attached, it could be one of the most highly anticipated series for Apple as it nears.</p>
<p>Apple <a href="https://www.benzinga.com/24/03/37558754/apples-1b-gamble-on-3-blockbusters-analyzing-box-office-results-streaming-impact-and-oscar-nominatio">spent around $1 billion</a> on three blockbuster movies in 2023, with one being the Scorsese picture <strong>"Killers of the Flower Moon."</strong></p>
<p>The film drew critical praise and was nominated for 10 Academy Awards, but was ultimately shut out. The film also grossed $67.9 million domestically and $156.9 million worldwide.</p>
<p>Apple has worked with Spielberg in the past as the film legend is a <a href="https://www.benzinga.com/general/entertainment/23/11/35717790/tom-hanks-steven-spielberg-back-together-for-world-war-ii-series-on-appletv-here-are-the-de">producer alongside</a><strong> Tom Hanks</strong> on "Masters of the Air."</p>
<p>While it has a smaller content library, Apple's willingness to spend and grab big names along with key sports rights could make its streaming platform a must-subscribe for consumers.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/general/entertainment/23/10/35430485/apple-hikes-subscription-prices-for-tv-arcade-bundle-will-also-get-more-expensive">Apple Hikes Subscription Prices For TV+, Arcade — Bundle Will Also Get More Expensive</a></em></p>
<p><em>Photo: Steven Spielberg and Martin Scorsese in the press room at the 66th Annual Golden Globe Awards, photo by <a href="https://www.shutterstock.com/g/sbukley">s_bukley</a> via Shutterstock</em></p>


Entertainment

AAPL

Sony Group Corporation American Depositary Shares

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Steven Spielberg, Martin Scorsese Team Up On New Series For This Streaming Platform

<p>Approximately one in 10 American adults report frequent marijuana use regardless of whether they live in a legal or non-legal state, confirming that state legalization does not significantly change consumption rates, according to a Gallup poll released Thursday.</p>
<p><strong>This data begs a couple of questions</strong>: Does cannabis prohibition and criminalization effectively reduce consumption among adults? Has the war on drugs deterred marijuana consumption?</p>
<p>"The narrow gap in cannabis consumption among residents of states where it remains illegal compared with those in states where it is legal suggests that its criminalization does little to curtail its use among American adults," <a href="https://news.gallup.com/poll/642851/cannabis-greatest-among-lower-income-less-educated.aspx#:~:text=The%20narrow%20gap%20in%20cannabis,its%20use%20among%20American%20adults.">noted </a>Gallup.</p>
<p>That said, Gallup wrote: "Dovetailing with broadening legalization, the percentage of U.S. adults who report that they&nbsp;smoke marijuana&nbsp;has more than doubled in the past decade, climbing from 7% in 2013 to 17% in 2023. During that same period, the percentage reporting that they have tried it at least once has climbed from 38% to 50%.&#8221;</p>
<h1 class="wp-block-heading"><strong>Cannabis Use Highest in Middle Atlantic Region</strong></h1>
<p>Reports of regular cannabis use vary across the U.S. Census divisions though the Middle Atlantic region showed the highest rates. While concluding that cannabis use is comparable between legal and non-legal states, the Gallup study found the highest usage rates were observed in New York, New Jersey and Pennsylvania, the latter being the only state that maintains adult-use prohibition. Then came East North Central divisions states of Wisconsin, Michigan, Illinois, Indiana and Ohio. </p>
<p>The lowest usage rates, 7%, are reported in the East South Central states of Kentucky, Tennessee, Mississippi and Alabama. Followed by West North Central states of North Dakota, Minnesota, South Dakota, Nebraska, Iowa, Kansas and Missouri.</p>
<p>In the East North Central division, where marijuana is prohibited in some states, 11% of adults still use cannabis regularly — again indicating a nuanced relationship between legality and usage patterns.</p>
<p>"These differences are statistically meaningful" as they generally align with political identity.</p>
<h1 class="wp-block-heading"><strong>Red Vs. Blue Vs. Green</strong></h1>
<p>People living in red states have somewhat lower regular usage rates than blue states. Regular use is reported by 10% of Democrats and independents, but it drops to 6% among Republicans.</p>
<p><em>Read the full Gallup poll <a href="https://news.gallup.com/poll/642851/cannabis-greatest-among-lower-income-less-educated.aspx#:~:text=The%20narrow%20gap%20in%20cannabis,its%20use%20among%20American%20adults.">HERE</a></em></p>
<p><em>Photo: Elsa Olofsson On Unsplash</em></p>


Government

Regulations

Cannabis Consumption, Legal Or Not In Your State: Everyone Seems To Be Consuming At Equal Rates, New Gallup Poll Finds

<p>Florida-based EMI is a metal and millwork manufacturer of standard and customized fixtures, displays, and food equipment for the convenience store, grocery, and restaurant industries.&nbsp;As part of the transaction, the Company will welcome EMI&#39;s more than 300 employees to LSI</p>
<p>&quot;As outlined within our&nbsp;<em>Fast Forward</em>&nbsp;strategic plan, LSI intends to drive net sales growth by more than&nbsp;60%&nbsp;between fiscal year 2023 and fiscal year 2028, with approximately half of this growth supported by acquisition-related contributions,&quot; said&nbsp;James A. Clark, President and Chief Executive Officer.&nbsp;</p>
<p>Upon closing, the transaction will be immediately accretive to LSI on an adjusted earnings per share basis.</p>


LYTS

LSI Industries Acquires Privately Held EMI Industries For An All-Cash Purchase Price Of $50M

<p>The Colorado Senate has passed <strong>SB24-158</strong>, a bill that significantly tightens regulations on social media content related to <a href="https://www.benzinga.com/cannabis" target="_blank" rel="noreferrer noopener">cannabis</a>,<a href="https://www.benzinga.com/markets/psychedelics" target="_blank" rel="noreferrer noopener"> psychedelics</a> and hemp products. This bill, which has sparked a heated debate about free speech and digital regulation, could significantly alter the landscape of online content related to cannabis and other substances within the state.</p>
<h3 class="wp-block-heading"><strong>Amendments And Opposition Highlight The Bill&#8217;s Complexity</strong></h3>
<p><a href="https://www.benzinga.com/markets/cannabis/24/03/37830087/goodbye-to-weed-posts-in-colorado-lawmakers-target-social-media-promotion-of-cannabis-and-psyche">Initially introduced with </a><a href="https://www.benzinga.com/markets/cannabis/24/03/37830087/goodbye-to-weed-posts-in-colorado-lawmakers-target-social-media-promotion-of-cannabis-and-psyche" target="_blank" rel="noreferrer noopener">broader </a><a href="https://www.benzinga.com/markets/cannabis/24/03/37830087/goodbye-to-weed-posts-in-colorado-lawmakers-target-social-media-promotion-of-cannabis-and-psyche">implications</a>, the bill was <a href="https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2024A/amendments/5C9383AE03C9962487258B00006D2613/SB158_J.001.pdf" target="_blank" rel="noreferrer noopener">amended</a> by <strong>State Sen. Chris Hansen </strong>(D) to allow the promotion of medical and retail cannabis to users over the age of 21, provided it complies with state laws. Despite these adjustments to refine the bill, its reach seems to remain extensive, applying to a wide array of substances.&nbsp;</p>
<p>Notably, the amended version specifies that <strong>&#8220;illicit substances&#8221; include </strong><a href="https://www.benzinga.com/topic/hemp" target="_blank" rel="noreferrer noopener"><strong>hemp products</strong></a><strong> not classified as a tincture or cosmetic</strong>. These are defined as products possessing more than 1.25 milligrams of THC per serving, or those with a <a href="https://www.benzinga.com/topic/cbd">CBD</a> to THC ratio of less than 20 to 1.</p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Senator Michaelson Jenet and I worked hard to pass SB-158 out of the Senate today with a vote of 34-1. We urgently need better protections for children using social media. The companies are making record profits, but not doing enough to prevent access to illegal substances <a href="https://twitter.com/hashtag/coleg?src=hash&amp;ref_src=twsrc%5Etfw">#coleg</a> <a href="https://t.co/SnT2Hz5cKG">pic.twitter.com/SnT2Hz5cKG</a></p>
<p>&mdash; Chris Hansen for Colorado (@Hansen4Colorado) <a href="https://twitter.com/Hansen4Colorado/status/1780695901410939387?ref_src=twsrc%5Etfw">April 17, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p>With a 30–1 vote in favor, the Senate&#8217;s <a href="https://leg.colorado.gov/content/sb24-158vote55bd8e" target="_blank" rel="noreferrer noopener">decision</a> propels the <a href="https://leg.colorado.gov/bills/sb24-158" target="_blank" rel="noreferrer noopener">bill</a> into a potentially contentious future, as critics <a href="https://www.rstreet.org/commentary/colorado-bill-would-ban-users-from-talking-about-marijuana-and-medication-compromise-law-enforcement-investigations-and-stop-people-from-knowing-when-theyre-being-investigated/" target="_blank" rel="noreferrer noopener">argue</a> it infringes on the right to discuss legal and benign substances online.</p>
<p>Voices like the <strong>R Street Institute&#8217;s Shoshana Weismann </strong>have called out the legislation for its potential to limit discussions on common medications, labeling such restrictions as &#8220;asinine,&#8221; <a href="https://www.marijuanamoment.net/colorado-senate-passes-bill-that-could-ban-social-media-users-who-post-positively-about-drugs-including-legal-psychedelics/" target="_blank" rel="noreferrer noopener">according</a> to Marijuana Moment. Meanwhile, proponents of plant and fungi-based medicines fear the bill could stifle educational efforts and dialogue on these alternative treatments.</p>
<h3 class="wp-block-heading"><strong>Bill's Next Steps Amid Legalization Support</strong></h3>
<p>With the bill&#8217;s enactment, social media platforms would be tasked with updating their policies by July 2025, under the watchful eye of the <a href="https://www.benzinga.com/markets/cannabis/24/01/36617725/12-state-attorneys-general-to-dea-reschedule-marijuana-to-defend-public-safety-cannabis-stocks-j" target="_blank" rel="noreferrer noopener">Colorado attorney general</a>. Now under the consideration of Colorado&#8217;s <strong>House Committee on Education</strong>, the bill's discussion unfolds as the state enjoys <a href="https://www.benzinga.com/markets/cannabis/24/04/38320660/colorado-residents-are-happy-with-legal-weed-a-decade-later-they-especially-praise-positive-econ" target="_blank" rel="noreferrer noopener">broad popular support for the legal regulation of cannabis</a>.</p>


Psychedelics

Colorado Senate Approves Controversial Bill Restricting Social Media Posts On Substances Like Legal Hemp, Psychedelics

BANF

BancFirst Q1 Sales $151.00M Beat $147.54M Estimate

<p>The FILO Term Loan Facility significantly enhances the Company&#39;s liquidity position and is incremental to the borrowing capacity within the Company&#39;s current&nbsp;$900 million&nbsp;asset-based revolving loan facility.</p>


Big Lots Increases Its Borrowing Capacity By Up To $200M With New 'First In, Last Out' Term Loan Facility

IPOs

TRSG

Tungray Technologies Prices IPO Of 1.25M Class A Ordinary Shares At $4 Per Share; To Commence Trading On Nasdaq Capital Market Under Ticker Symbol 'TRSG' On April 19

<h1 class="wp-block-heading"><strong>Top Stories for April 18, 2024:</strong></h1>
<ol>
<li><strong>Alcoa Corp </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) <a href="https://www.benzinga.com/wiim/24/04/38309731/alcoa-shares-are-trading-higher-following-better-than-expected-q1-financial-results">reported first-quarter losses</a> of 81 cents per share with revenues of $2.6 billion, slightly above the expected $2.56 billion.&nbsp;</li>
</ol>
<p>In the alumina segment, revenues rose by 6% due to higher prices and increased shipments, while the aluminum segment saw a 3% revenue drop from lower prices and shipment timing.&nbsp;</p>
<p>Alumina production fell by 4% to 2.67 million metric tons and aluminum production remained stable at 542,000 metric tons.&nbsp;</p>
<p>Alcoa also finalized acquiring Alumina Limited and projects full-year alumina production of 9.8 million to 10 million metric tons and shipments of 12.7 million to 12.9 million metric tons.</p>
<ol start="2">
<li><strong>Newmont Corporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) released its <strong>2023 Sustainability and Taxes &amp; Royalties Reports</strong>, marking 20 years of its sustainability efforts.&nbsp;</li>
</ol>
<p>Key achievements include expanding its Fatality Risk Management program, completing over 650,000 safety verifications, aligning facilities with the Tailings Management Standard and enhancing workplace inclusivity.&nbsp;</p>
<p>The company increased female leadership to 33%, reduced freshwater use by 31% since 2018 and met a $20 million commitment to support communities affected by COVID-19.&nbsp;</p>
<p>Newmont has been ranked as the top gold mining company on the Dow Jones Sustainability Index for nine years and is also highly ranked on 3BL&#8217;s Corporate Citizens list.</p>
<p><em>Also Read:</em><a href="https://www.benzinga.com/topic/mining"><em> </em></a><a href="https://www.benzinga.com/news/24/04/38313888/new-canadian-budget-deemed-mixed-bag-for-mining-sector"><em>New Canadian Budget Deemed Mixed Bag For Mining Sector</em></a></p>
<ol start="3">
<li><strong>Foremost Lithium Resource &amp; Technology Ltd </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMST#NASDAQ">FMST</a>) announced its participation in the 2024 Planet MicroCap Showcase on May 1 to 2 at the Paris Hotel &amp; Casino in Las Vegas.&nbsp;</li>
</ol>
<p>President and CEO <strong>Jason Barnard</strong> will present on May 1 and hold investor meetings on May 2.</p>
<ol start="4">
<li><strong>Nucor Corp </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) appointed <strong>Nicole B. Theophilus</strong> as executive vice president of Talent and Human Resources, starting April 29, 2024, to lead the company's talent development and HR strategy.</li>
</ol>
<ol start="5">
<li>Scotiabank Maintained its Sector Underperform rating on <strong>Southern Copper</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>) but raised its price target to $55.</li>
</ol>
<p><em>Now Read:</em><a href="https://www.benzinga.com/"><em> </em></a><a href="https://www.benzinga.com/markets/commodities/24/04/38295033/rio-tintos-next-chief-commercial-officer-says-building-mines-is-better-than-buying-heres-how-"><em>Rio Tinto&#8217;s Next Chief Commercial Officer Says Building Mines Is Better Than Buying: Here&#8217;s How Long It Takes</em></a></p>
<p><strong><em>Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!</em></strong></p>
<p><em>Image was created using artificial intelligence.</em></p>


FMST

SCCO

Alcoa Reports Q1 Results; Newmont's 2023 Sustainability Report; Foremost Lithium To Attend Planet MicroCap Showcase And More: Thursday's Top Mining Stories

<p>BancFirst (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BANF#NASDAQ">BANF</a>) reported quarterly earnings of $1.50 per share which beat the analyst consensus estimate of $1.39 by 7.91 percent. This is a 12.79 percent decrease over earnings of $1.72 per share from the same period last year.</p>


BancFirst Q1 EPS $1.50 Beats $1.39 Estimate

<p>ATI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATI#NYSE">ATI</a>) has outperformed the market over the past 5 years by 4.12% on an annualized basis producing an average annual return of 15.39%. Currently, ATI has a market capitalization of $6.45 billion. </p>
<p><strong>Buying $100 In ATI:</strong> If an investor had bought $100 of ATI stock 5 years ago, it would be worth <strong>$200.47</strong> today based on a price of $51.83 for ATI at the time of writing.</p>
<h3>ATI's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713475861_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much You Would Have Made Owning ATI Stock In The Last 5 Years

<p>The Company&#39;s current Senior Vice President of Corporate Finance &amp; Strategy,&nbsp;Stephen Zsigray, will succeed him at that time to become Ashford Trust&#39;s President and Chief Executive Officer.&nbsp;</p>


Management

Ashford Hospitality Trust Says Rob Hays, Current President And CEO, Will Be Stepping Down Effective June 30, 2024; Stephen Zsigray Named As Successor

<p>Masheed Saidi had advised the Board that she does not intend to stand for reelection. In addition,&nbsp;Kenneth Moore, the Chair of the Board, has informed the Board of his intention to retire effective as of the Annual Meeting and he will therefore not stand for reelection. As a result, following the Annual Meeting, Algonquin&#39;s Board will continue to be comprised of nine directors.&nbsp;</p>
<p>Starboard Value LP, which own approximately&nbsp;9.0%&nbsp;of Algonquin&#39;s outstanding common shares,&nbsp;has withdrawn its previously-announced director nominations for election and agreed to support the Company&#39;s nominees for election at the Annual Meeting.</p>
<p>Starboard and the Company have also entered into a non-disclosure agreement for purposes of sharing information and having discussions relating to the pursuit of a sale of the Company&#39;s renewable energy business and the Company&#39;s CEO search.</p>


Algonquin Power & Utilities Enters Into Cooperation Agreement With Starboard; Adds Brett Carter And Christopher Lopez To Board

<p>Arcline Investment Management LP is acquiring Kaman in a deal expected to close on April 19, pending final closing conditions.&nbsp;</p>


KAMN

Cohen & Steers To Join S&P SmallCap 600, Replacing Kaman, Effective Prior To Opening Of Trading On April 23

FLFV

Blank Check Company Feutune Light Acquisition Reports Extension Of Deadline For Initial Business Combination To May 21, 2024

<p>The temporary closing of the Kermit facility will have no impact on the timing or cost of the Dune Express construction. The company said it is&nbsp;assessing the cost to repair the feed system and reviewing the financial impact of the incident.</p>


AESI

Atlas Energy Solutions Provides Update On Mechanical Fire Occurred At Mine In Kermit, Texas; Says Fire Primarily Impacted The Feed System

<p><strong>Western Alliance Bancorporation </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) reported its first-quarter financial results after the bell Thursday. Here's a <a href="https://www.benzinga.com/pressreleases/24/04/b38324109/western-alliance-bancorporation-reports-first-quarter-2024-financial-results">look at the details. </a></p>
<p><strong>The Details:</strong> Western Alliance reported quarterly earnings of $1.60 per share, missing the consensus estimate of $1.66 by 3.61% and representing a 30.43% decrease from the same period last year. </p>
<p>The company reported quarterly sales of $728.8 million which beat the analyst consensus estimate of $697.04 million by 4.56% and represents a 32.05% increase over sales of $551.9 million year-over-year. </p>
<p>Western Alliance delivered a return on tangible common equity of 14.5% and tangible book value per share climbed 13.8% year-over-year to $47.30 with a CET 1 ratio of 11%.</p>
<p>&#8220;Western Alliance delivered strong first quarter results with continued robust business and deposit momentum that allowed us to largely complete our balance sheet repositioning efforts, while maintaining stable asset quality,&#8221; said <strong>Kenneth A. Vecchione</strong>, CEO of Western Alliance.</p>
<p>&#8220;Quarterly deposit growth of $6.9 billion enhanced our liquidity profile, drove the loan-to-deposit ratio down to 81.5%, and allowed us to repay $1.0 billion of borrowings,&#8221; Vecchione added.</p>
<p><strong>Western Alliance will host a <a href="https://www.benzinga.com/pressreleases/24/04/b38173227/western-alliance-bancorporation-announces-first-quarter-2024-earnings-release-date-conference-call">conference call</a> Friday at 12 p.m. ET to discuss the results. </strong></p>
<p><em>Related News: </em><a href="https://www.benzinga.com/news/24/04/38299189/whats-going-on-with-arm-holdings-stock"><em>What&#8217;s Going On With Arm Holdings Stock?</em></a></p>
<p><strong>WAL Price Action:</strong> According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Western Alliance shares are down 3.66% after-hours at $53.70 at the time of publication Thursday.</p>
<p><em>Photo: Robert Owen-Wahl from Pixabay</em></p>


After-Hours Center

Western Alliance Reports Mixed Q1 Results: Earnings Miss, Revenue Beats

<p><strong>Frontier Communications Parent Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) shares are experiencing weakness in Thursday&#8217;s after-hours session after the company disclosed an operational disruption <a href="https://www.benzinga.com/topic/cyber-attacks">due to a cyberattack</a>. </p>
<p><strong>What Happened: </strong>In a regulatory filing released after the bell on Thursday, Frontier said it detected a third party had gained unauthorized access to portions of its information technology business on April 14. </p>
<p>After detecting the unauthorized access, the company initiated its cyber incident response protocols, including shutting down certain systems, which resulted in &#8220;an operational disruption that could be considered material.&#8221;</p>
<p>&#8220;As of the date of this filing, the Company believes it has contained the incident and has restored its core information technology environment and is in the process of restoring normal business operations,&#8221; the company said in the filing.</p>
<p>Based on internal investigations, Frontier believes the culprit was likely a cybercrime group. The company noted that the attackers gained access to personally identifiable information. </p>
<p>Frontier has notified law enforcement, but it doesn&#8217;t believe the incident is &#8220;reasonably likely to materially impact&#8221; the company&#8217;s financial results or operations. The investigation is currently ongoing. </p>
<p><strong>Frontier is due to report <a href="https://www.benzinga.com/calendars/earnings">first-quarter financial results</a> before the market opens on May 3.</strong> The company is expected to report a loss of 7 cents per share on revenue of $1.436 billion, according to analyst estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.</p>
<p><em>Check This Out: <a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">Netflix Q1 Earnings Highlights: Revenue Beat, EPS Beat, 9.33 Million Paid Subs Added, Ad-Tier Plan Update And More</a></em></p>
<p><strong>FYBR Price Action:</strong> Frontier shares were down 3.59% after hours at $21.76 at the time of publication Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.</p>
<p><em>Photo: 3844328 from Pixabay.</em></p>


FYBR

Frontier Communications Stock Slides After Company Reveals Cyberattack: The Details

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Discovering&nbsp;and allocating to <a href="https://investorplace.com/stock-types/undervalued-stocks/"></a><a href="https://investorplace.com/stock-types/undervalued-stocks/"></a><a href="https://investorplace.com/stock-types/undervalued-stocks/">undervalued stocks</a>&nbsp;is a key element of successful investing. Stocks are considered &ldquo;undervalued&rdquo; when they trade below what people think their intrinsic value is. Basically, in this scenario, the market has not fully recognized the stock&rsquo;s &ldquo;true potential.&rdquo; Potential value investors can find many stocks that are undervalued if they look for stocks trading below a certain dollar amount per share. In this list, in particular, we will be looking at the most undervalued under-$10 stocks to buy in April. These stocks have sound fundamentals and are operating in burgeoning sectors with strong secular tailwinds.</p>



<p>All in all, these three stocks could make great long-term investment opportunities.   </p>



<h2>Enfusion (ENFN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cloud1600a-300x169.jpg" alt="a man taps a digital image of a cloud with his finger"><div>Source: Shutterstock</div></div><p><strong>Enfusion</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/enfn-stock-quote/" target="_blank"><strong>ENFN</strong></a>) is a cloud-based software provider for the investment management industry. The company&nbsp;<a href="https://www.enfusion.com/" target="_blank">offers an integrated platform</a>&nbsp;that combines portfolio management, order execution, risk analytics, accounting and reporting functions for hedge funds, asset managers and family offices. Furthermore, Enfusion provides several outsourced middle- and back-office services, including trade reconciliation, valuation and fund administration.</p>



<p>Trading at $9.30 per share, Enfusion&nbsp;<a href="https://app.koyfin.com/fa/00000000-2cfe-4f65-a319-b024e5955d01/eq-pvizkd" target="_blank">remains undervalued</a>&nbsp;with a forward-looking enterprise value-to-sales ratio of 4.1x and enterprise value-to-EBITDA ratio of 19.4x. The software platform for investment managers generates positive net income and operates in an industry with evolving and complex needs. Despite the macro environment being uncertain, banks and asset managers are&nbsp;<a href="https://www.gartner.com/en/newsroom/press-releases/2023-06-21-gartner-forecasts-worldwide-banking-and-investment-services-it-spending-to-reach-652-billion-in-2023">still willing to invest in IT solutions</a>&nbsp;to modernize their internal processes. </p>



<p>Enfusion&rsquo;s ended 2023 with <a href="https://s28.q4cdn.com/473052227/files/doc_financials/2023/q4/51ef2c4f-2591-48e9-a1cd-6716d5afc2cc.pdf">double-digit top-line growth</a> with revenue reaching a record figure of $174 million. </p>



<h2>Rigetti Computing (RGTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/quantum-computing-3-300x169.jpg" alt="A concept image showing a quantum computer with a matrix background; quantum computing. leading quantum stocks, Best Quantum Computing Stocks to Buy"><div>Source: Shutterstock</div></div><p><strong>Rigetti Computing</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/rgti-stock-quote/" target="_blank"><strong>RGTI</strong></a>) is a vertically-integrated quantum computing business. This means the company both designs and manufactures its multi-chip quantum processors. Rigetti uses superconducting circuits as qubits fabricated on silicon chips and operating at near-zero temperatures. To deliver its quantum computing capabilities to clients, Rigetti leverages cloud service networks while also providing quantum software development tools as well as quantum hardware design and manufacturing.</p>



<p>In January, Rigetti Computing&nbsp;<a href="https://investors.rigetti.com/news-releases/news-release-details/rigetti-announces-public-availability-ankaa-2-system-25x#:~:text=The%20Company%27s%2084%2Dqubit%20Ankaa,to%20the%20Company%27s%20previous%20QPUs." target="_blank">announced</a>&nbsp;the availability of its 84-qubit Ankaa-2 quantum computing system, which will be accessible through Rigetti&rsquo;s cloud service. Similar to its competitor <strong>IonQ </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/ionq-stock-quote/"><strong>IONQ</strong></a></span>), Rigetti&nbsp;<a href="https://investors.rigetti.com/news-releases/news-release-details/rigetti-computing-reports-fourth-quarter-and-full-year-2023">announced</a>&nbsp;a successful Q4 earnings period, which saw both revenue and earnings per share beat Wall Street estimates.</p>



<p>RGTI&rsquo;s shares have risen 48% from a year-to-date perspective but have fallen 22% over the past 30 days, signaling a good investment opportunity for those wanting to allocate to the growing sector of quantum computing. Like artificial intelligence, quantum computing  will significantly transform the digital age, which makes buying and holding the stock for the long term an intriguing idea.</p>



<h2>Lithium Americas (LAC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/lithium-americas-lac-1600-300x169.jpg" alt="smartphone with logo of Canadian company Lithium Americas Corp on screen. most undervalued under-$10 stocks to buy in April"><div>Source: Wirestock Creators / Shutterstock.com</div></div><p><strong>Lithium Americas</strong>&nbsp;(NYSE:<strong><strong><a href="https://investorplace.com/stock-quotes/lac-stock-quote/"><strong>LAC</strong></a></strong></strong>) is a lithium company that primarily mines lithium out of the Thacker Pass project in Nevada, the largest lithium deposit in the U.S. The&nbsp;<a href="https://www.lithiumamericas.com/usa/thacker-pass/" target="_blank">Thacker project</a>&nbsp;already has tremendous potential, with 16.1 million tons of battery-grade lithium carbonate equivalent (LCE) available for extraction.</p>



<p>With the Thacker Pass project having received a&nbsp;<a href="https://www.reuters.com/markets/commodities/gm-lithium-americas-develop-thacker-pass-mine-nevada-2023-01-31/" target="_blank">$650 million investment</a>&nbsp;from&nbsp;<strong>General Motors</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/gm-stock-quote/" target="_blank"><strong>GM</strong></a>), the project&rsquo;s future role in supplying battery materials to power electric vehicles is undeniable. Moreover, the project will likely generate $1.2 billion in annual EBITDA, more than justifying LAC&rsquo;s current enterprise value of $900 million.</p>



<p>A couple weeks ago, to add to Lithium Americas&rsquo; nearly $200 million of liquidity, the U.S. Department of Energy <a href="https://www.reuters.com/markets/commodities/lithium-americas-get-226-bln-us-doe-loan-nevada-mine-2024-03-14/">approved</a> a $2.26 billion loan, one of its largest investments in the mining industry to date. </p>



<p>LAC shares have risen more than 28% on a year-to-date basis, but still trade just above $7/share. Lithium and electric vehicles will be intrinsic to the future of transportation, and holding lucrative lithium projects like LAC will expose investors the long-term benefits. </p>



<p><em>On the date of publication, Tyrik Torres did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-3-most-undervalued-under-10-stocks-to-buy-in-april-2024/">The 3 Most Undervalued Under-$10 Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Most Undervalued Under-$10 Stocks to Buy in April 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The quantum computing industry is still in its relatively early stages, which means many companies in this space could be trading at attractive valuations compared to their long-term growth potential. This provides opportunities for the most undervalued <a href="https://investorplace.com/industries/technology/quantum-computing/">quantum computing stocks</a> to buy in April.</p>



<p>One reason for undervaluation is the high degree of uncertainty surrounding the timeline for widespread commercialization and adoption of quantum computing. Some big brands, such as <strong>Microsoft </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a></span>) and <strong>IBM </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/ibm-stock-quote/"><strong>IBM</strong></a></span>), might not be considered undervalued given that they are blue-chips in their own right. Investors should explore more speculative names for the best bargains.</p>



<p>Additionally, many prominent quantum computing players are still pre-revenue or in the early stages of generating meaningful sales. Traditional valuation metrics like price-to-earnings may not yet be applicable, leaving investors to rely more on future growth projections, which can be difficult to assess accurately.</p>



<p>However, the most undervalued quantum computing stocks to buy in April could be long term winners. Here are three companies to consider.</p>



<h2>IonQ (IONQ)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/01/ionq.jpg"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/ionq-300x169.jpg" alt="IONQ logo"></a><p><strong>IonQ</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/ionq-stock-quote/"><strong>IONQ</strong></a>) focuses exclusively on quantum computing, offering quantum computing systems across major public cloud services. With a market cap of around 1.9 billion, it&rsquo;s also small enough to ride the ups and downs of the market while still being robust enough to withstand volatility. It also means there could be plenty of upside, which may make it undervalued.</p>



<p>For 2024, IONQ has <a href="https://investors.ionq.com/news/news-details/2024/IonQ-Announces-Fourth-Quarter-and-Full-Year-2023-Financial-Results/default.aspx">set its revenue expectations</a> between $37 million and $41 million, with bookings projected to range from $70 million to $90 million. However, the company anticipates an adjusted EBITDA loss of approximately $110.5 million. Its EBITDA loss helps make it undervalued. In the long term, its prospects are attractive.</p>



<p>In terms of valuation, it trades at a <a href="https://stockanalysis.com/stocks/ionq/statistics/">forward price-to-sales multiple</a> of 47 times sales. Still, this is relatively low compared to analysts&rsquo; long-term revenue growth rate, which is another hint of trading below its intrinsic value.</p>



<h2>Rigetti Computing (RGTI)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/03/rigetti.png"><img width="300" height="158" src="https://investorplace.com/wp-content/uploads/2024/03/rigetti-300x158.png" alt="RGTI penny stocks"></a><p><strong>Rigetti Computing</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/rgti-stock-quote/"><strong>RGTI</strong></a>) specializes in developing quantum integrated circuits and a cloud platform for quantum algorithms.</p>



<p>RGTI could be one of the most undervalued quantum computing stocks on this list, as its market cap is just 219 million at the time of writing, so there&rsquo;s substantial room for it to head higher. Its forward P/E ratio of 13 times sales underlines this undervalued nature.</p>



<p>Financially, there&rsquo;s also some evidence that RGTI could be undervalued, and the company&rsquo;s best is yet to come.</p>



<p>In the fourth quarter of 2023, <a href="https://finance.yahoo.com/news/rigetti-computing-inc-nasdaq-rgti-190348562.html">RGTI reported revenues</a> of $3.4 million, a decrease from $6.1 million in 2022. The gross margin stood at 75%, slightly declining from 87% in the fourth quarter of 2022. The net loss for Q4 2023 improved to $12.6 million, or $0.09 per share, from a net loss of $22.9 million, or $0.19 per share.</p>



<h2>Amazon (AMZN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/amzn_amazon_2_1600-300x169.png" alt="Closeup of the Amazon logo at Amazon campus in Palo Alto, California. The Palo Alto location hosts A9 Search, Amazon Web Services, and Amazon Game Studios teams. AMZN stock"><div>Source: Tada Images / Shutterstock.com</div></div><p><strong>Amazon</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/amzn-stock-quote/"><strong>AMZN</strong></a></span>), with its AWS Braket service, provides a platform for experimenting with quantum computing. I think that AMZN could be one of the most undervalued FAANG stocks and one of the most underappreciated quantum players in the quantum computing industry.</p>



<p>AWS Braket is designed to speed up scientific research and software development for quantum computing. It particularly stands out with the launch of IonQ Aria, the first Quantum Processing Unit (QPU) on Braket to feature built-in error mitigation techniques.</p>



<p>On the financial front, Amazon <a href="https://www.aboutamazon.com/news/operations/amazon-prime-air-drone-delivery-updates">demonstrated robust performance</a> in the fourth quarter, reporting record operating profits of $13.2 billion, a substantial increase from the previous year&rsquo;s $2.7 billion. Amazon&rsquo;s revenue also surged by 14% year-over-year to $169.9 billion.</p>



<p>With many developers already familiar with the tools provided by AWS and its related certifications, it gives it a significant leg up over its competitors, thus making it a strong contender for the top spot in the quantum computing industry.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a></em>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/the-3-most-undervalued-quantum-computing-stocks-to-buy-in-april-2024/">The 3 Most Undervalued Quantum Computing Stocks to Buy in April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Most Undervalued Quantum Computing Stocks to Buy in April 2024

Six of the 7 categories we cover dropped this week, compared with 3 in March. The data clearly indicates that the surge in this sector is stalling or perhaps is even over.

AI Surge Ending: Only One Category Was Up This Week

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>For the most extreme opportunities in the market this side of an options trade, your best bet may be to consider <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to watch in Q2. And by bet, I&rsquo;m meaning exactly that &ndash; this arena should be treated like a casino.</p>



<p>That&rsquo;s no disrespect to the legitimate enterprises on this list. However, much like when the coach puts you into &ldquo;special&rdquo; teams, you have to protect yourself. Anybody who has played football knows that there&rsquo;s nothing special about special teams. You offer your body as a battering ram and hopefully, you don&rsquo;t get injured.</p>



<p>That&rsquo;s the same thing with speculative market ideas. Their proponents will argue till they&rsquo;re blue in the face that these are hidden-gem opportunities. Maybe they are. But you still must protect your portfolio. With that, there may be some enticing ideas here. Below are penny stocks to watch in Q2.</p>



<h2>GrowGeneration (GRWG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/grwg-stock-1600-300x169.jpg" alt="Cannabis leaves and stems are grown hydroponically in the garden."><div>Source: LuYago / Shutterstock.com</div></div><p>Falling under the consumer cyclical sector, <strong>GrowGeneration</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/grwg-stock-quote/"><strong>GRWG</strong></a>) owns and operates retail hydroponic and organic gardening stores in the U.S. It&rsquo;s not really a cannabis player. However, because the company markets and distributes products such as nutrients, additives and environmental control systems, the association can&rsquo;t be avoided. It is but it isn&rsquo;t (but it is).</p>



<p>Thanks to rising calls for rescheduling marijuana down to a lesser enforcement category, GRWG stock has benefited handsomely. That&rsquo;s because demand should accelerate with a more favorable federal backdrop. Even some clarity on the matter could do wonders for the cannabis industry.</p>



<p>Therefore, I&rsquo;m not particularly worried about GrowGeneration&rsquo;s less-than-favorable quarterly earnings performance last year. Yes, the average surprise came out to nearly 63% <em>below</em> breakeven. In addition, fiscal 2024 projections call for revenue of $225.88 million. That&rsquo;s 7.5% down on a year-over-year basis.</p>



<p>But if the legal framework improves or receives more clarity? That could be the real catalyst. Therefore, investors should keep close tabs on GRWG as one of the penny stocks to watch in Q2.</p>



<h2>US Energy (USEG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/oil-price-predictions1600-300x169.png" alt="Rise in gasoline prices concept with double exposure of digital screen with financial chart graphs and oil pumps on a field. Oil prices and oil price predictions"><div>Source: Golden Dayz / Shutterstock.com</div></div><p>Operating under the hydrocarbon energy space, <strong>US Energy</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/useg-stock-quote/"><strong>USEG</strong></a>) operates in the exploration and production segment of the value chain. It&rsquo;s an independent company, focused on core upstream activities including acquisitions. Per the company&rsquo;s <a href="https://finance.yahoo.com/quote/USEG/profile">public profile</a>, US Energy holds interests in various oil and gas properties located in the Rockies region.</p>



<p>To be fair, USEG stock is an incredibly risky idea among penny stocks to watch in Q2. A big part of the reason why is the financial volatility. It just can&rsquo;t seem to catch a break in terms of bottom-line quarterly targets. That said, for the current fiscal year, experts believe that US Energy will post a loss of 31 cents. While not great, that&rsquo;s much better than last year&rsquo;s print of a loss of $1.28.</p>



<p>Now, projected sales of $30.86 million is down 4.5% YOY. However, given the geopolitical dynamic, crude oil and other critical hydrocarbon supplies will likely diminish. Combined with rising demand based on heightened consumption, USEG is a name to keep tabs on.</p>



<h2>Arbe Robotics (ARBE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600c-300x169.jpg" alt="AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks. Semiconductors Stocks to Sell"><div>Source: Shutterstock</div></div><p>Operating in the technology space, <strong>Arbe Robotics</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/arbe-stock-quote/"><strong>ARBE</strong></a>) focuses on infrastructure software. Per its <a href="https://finance.yahoo.com/quote/ARBE/profile">corporate profile</a>, Arbe is a semiconductor enterprise, providing 4D imaging radar solutions for Tier 1 automotive suppliers and manufacturers. Its business networks cover China, Sweden, Germany, Switzerland, the U.S., Italy and Israel. Mainly, Arbe seeks to address the core issues that have caused autonomous-vehicle and autopilot accidents.</p>



<p>For full disclosure, ARBE ranks among the riskier ideas in the market. One look at its 52-week chart tells you what you need to know. At the same time, it&rsquo;s also one of the penny stocks to watch in Q2. While autonomous mobility has rapidly increased in scope and scale, lingering trust issues remain. Arbe could potentially fill a critical gap, thus imbuing a major catalyst for the underlying security.</p>



<p>Granted, the company&rsquo;s fiscal 2023 performance wasn&rsquo;t all that great. However, in fiscal 2024, analysts anticipate that Arbe will post revenue of $1.65 million, up 12.2% YOY. Not only that, covering experts rate shares a <a href="https://www.tipranks.com/stocks/arbe/forecast">unanimous strong buy</a> with a $3.50 price target.</p>



<h2>LightPath Technologies (LPTH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/08/penny-stocks-1600-300x169.jpg" alt="Page of newspaper with words penny stocks. Undervalued Penny Stocks"><div>Source: Vitalii Vodolazskyi / Shutterstock.com</div></div><p>Conducting business in the broader technology sphere, <strong>LightPath Technologies</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/lpth-stock-quote/"><strong>LPTH</strong></a>) operates in the electronic components subcategory. Per its <a href="https://finance.yahoo.com/quote/LPTH/profile">corporate profile</a>, LightPath designs, develops, manufactures and distributes optical components and assemblies. Specifically, the company offers products such as precision molded glass aspheric optics, molded and diamond-turned infrared aspheric lenses, and other optical components.</p>



<p>Surprisingly, LPTH has performed reasonably well considering its speculative nature. Shares appear to be charting a series of higher lows since December last year. Therefore, it could be one of the penny stocks to watch in Q2. To be fair, LightPath could use consistently better performances on the financial side of the business. That&rsquo;s where the risk comes in.</p>



<p>For fiscal 2024, analysts see LightPath losing 15 cents per share on revenue of $32.57 million. That&rsquo;s disappointing compared to last year&rsquo;s results of a loss of 13 cents on $32.93 million in sales. However, the top line could expand to $39.14 million in fiscal 2025.</p>



<p>Notably, analysts peg shares as a <a href="https://www.tipranks.com/stocks/lpth/forecast">moderate buy</a> with a $3 price target.</p>



<h2>BlackSky Technology (BKSY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/penny-stocks-1600-300x169.jpg" alt="A concept image of a penny sitting on a stock chart"><div>Source: Billion Photos / Shutterstock.com</div></div><p>Working in the technology realm, <strong>BlackSky Technology</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/bksy-stock-quote/"><strong>BKSY</strong></a>) focuses on the scientific and technical instruments subcategory. According to its <a href="https://finance.yahoo.com/quote/BKSY/profile">public profile</a>, BlackSky provides geospatial intelligence, imagery and related data analytic products and services. It also offers mission systems that include the development, integration and operation of satellite and ground systems for government and commercial customers in North America, the Middle East, Asia-Pacific and internationally.</p>



<p>Interestingly, BlackSky has been delivering some strong results. Don&rsquo;t get me wrong &ndash; it&rsquo;s not always consistent. For example, last year in the second quarter, the company posted a loss of 23 cents against an expected loss of 12 cents. That said, the overall quarterly surprise last year was 22.6%.</p>



<p>For fiscal 2024, experts believe BlackSky will post a loss of 28 cents per share on revenue of $111.62 million. Conspicuously, the projected top line represents an 18.1% YOY lift against 2023&rsquo;s haul of $94.49 million.</p>



<p>Lastly, analysts rate shares a <a href="https://www.tipranks.com/stocks/bksy">consensus strong buy</a> with a $3.17 price target. It&rsquo;s one of the penny stocks to watch in Q2.</p>



<h2>Rigetti (RGTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/quantum-computing-3-300x169.jpg" alt="A concept image showing a quantum computer with a matrix background; quantum computing. leading quantum stocks, Best Quantum Computing Stocks to Buy"><div>Source: Shutterstock</div></div><p>Another tech player, <strong>Rigetti</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/rgti-stock-quote/"><strong>RGTI</strong></a>) operates under the computer hardware segment. Through its subsidiaries, Rigetti builds quantum computers and superconducting quantum processors. Further, the company offers cloud computing solutions as a quantum processing unit. It also sells access to its quantum computers via a subscription business model. Given the exponentially accelerated capacities of the quantum paradigm, RGTI is easily one of the penny stocks to watch in Q2.</p>



<p>Still, as with other speculative enterprises, prospective investors must balance the upside potential with the serious possibility of extreme downside. For example, last fiscal year, the company badly missed bottom-line targets in Q1 and Q3. However, it also beat by a wide margin expectations in Q2 and Q4.</p>



<p>For fiscal 2024, analysts believe Rigetti will post a loss of 38 cents on revenue of $16.1 million. Last year, it delivered a loss of 57 cents on sales of $12.01 million. Therefore, the top line could expand by a whopping 34.1%.</p>



<p>Experts peg RGTI a <a href="https://www.tipranks.com/stocks/rgti/forecast">unanimous strong buy</a> with a $3.17 price target.</p>



<h2>Wag! Group (PET)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/pet-stocks-300x169.jpg" alt="A photo of an old woman and a dog sitting on a couch. pet stocks"><div>Source: SeventyFour / Shutterstock.com</div></div><p>Doing business as an application software specialist, <strong>Wag! Group</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/pet-stock-quote/"><strong>PET</strong></a>) may be one of the most intriguing ideas for penny stocks to watch in Q2. <a href="https://finance.yahoo.com/quote/PET/profile">Per its corporate profile</a>, Wag! develops and supports a proprietary marketplace technology platform available as a website and mobile app that enables independent pet caregivers to connect with pet parents.</p>



<p>Fundamentally, Americans love their pets so that should be a huge plus for PET stock. More importantly, it&rsquo;s not just rhetoric. Recently, the American Pet Products Association revealed that in 2023, <a href="https://www.americanpetproducts.org/news/press-release/u.s.-pet-industry-reaches-147-billion-in-sales-in-2023">we collectively spent $147 billion on our furry friends</a>. Armed with a nothing-but-the-best attitude, Wag! &ndash; which incredibly speculative &ndash; should be attractive, even in this tough economic environment.</p>



<p>Notably, experts anticipate the company&rsquo;s loss per share to reach 22 cents. That would be a favorable print compared to last year&rsquo;s loss of 35 cents. Moreover, they believe sales should hit $108.43 million, up 29.2% from last year&rsquo;s haul of $83.92 million.</p>



<p>Finally, Craig-Hallum rates PET a &ldquo;buy&rdquo; with a <a href="https://www.tipranks.com/stocks/pet/forecast">$5.50 price target</a>. That&rsquo;s massive upside if it gets there.</p>



<p><strong><em>On Penny Stocks and Low-Volume Stocks:&#8239;</em></strong><em>With only the rarest exceptions,&nbsp;InvestorPlace&nbsp;does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&#8239;InvestorPlace.com&rsquo;s&nbsp;writers disclose this fact and warn readers of the risks.</em></p>



<p><strong><em>Read More:&#8239;</em></strong><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/" target="_blank"><em>Penny Stocks &mdash;&nbsp;How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Josh Enomoto</em><em> did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;</em><em>The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em><em></em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/7-penny-stocks-that-deserve-a-closer-look-in-q2/">7 Penny Stocks That Deserve a Closer Look in Q2</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Penny Stocks That Deserve a Closer Look in Q2

From no  AI category losses in February, to 3 drops in March - now all 7 fell this week, clearly indicating that that the surge in AI stock prices that began back on October 31st is, indeed, over.

AI Surge Has Ended: All 7 AI Stock Categories Declined This Week

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Every investor is on the search for outsized gains. We all dream of finding that one small company that ends up changing the world and making its early shareholders fabulously wealthy. But how do you pinpoint the next &ldquo;big thing&rdquo; before it explodes in value? Such a task is easier said than done, but with a bit of luck and some smart stock picking, landing a big winner is not outside the realm of possibility.</p>



<p>If you&rsquo;re allocating a portion of your portfolio to high-risk, high-reward investments, it makes sense to target some quality small-cap <a href="https://investorplace.com/industries/technology/">tech stocks</a> that could provide multi-bagger gains when the next hype cycle hits. Just look at how <a href="https://investorplace.com/industries/technology/artificial-intelligence/">AI stocks</a> have soared over the past year. The next hype cycle will likely revolve around another emerging technology that sends related stocks soaring.</p>



<p>To give yourself a chance at landing such winners, you have to be willing to invest in more speculative, smaller-cap names in the tech sector. This investing strategy naturally comes with plenty of risk, as many of these companies will eventually fizzle out. But a few select firms will end up being huge winners, for those who can identify them early.</p>



<p>With that in mind, let&rsquo;s explore these three stocks!</p>



<h2>Rigetti Computing (RGTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/quantum-computing1600-300x169.png" alt=""><div>Source: Bartlomiej K. Wroblewski / Shutterstock.com</div></div><p>Quantum computing is an emerging technology that I believe will drive the next major hype cycle in tech. As semiconductors continue to shrink, and AI models grow more advanced, we are going to need a massive leap forward in computing power that traditional silicon chips just won&rsquo;t be able to deliver. This is where quantum computers come in. They can theoretically perform calculations exponentially faster than classical computers.</p>



<p><strong>Rigetti Computing</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/rgti-stock-quote/"><strong>RGTI</strong></a>) is one of the more promising startups aiming to make quantum computing a commercial reality. The company develops quantum integrated circuits, and operates a quantum cloud platform called Forest. Notably, Rigetti has strong technology and doesn&rsquo;t face the extreme cash burn issues common among quantum startups. Analysts expect Rigetti&rsquo;s revenue to soar from <a href="https://seekingalpha.com/symbol/RGTI/earnings/estimates">$16.1 million in 2024 to $100 million by 2027</a>. Moreover, the company has <a href="https://www.gurufocus.com/term/rvn_growth_3y/RGTI/3-Year-Revenue-Growth-Rate-Per-Share/Rigettimputing">147.5% 3-year revenue growth rate</a> that crushes 99.5% of industry peers.</p>



<p>With little dilution risk and rapidly growing revenue, Rigetti has the makings of a potential multi-bagger if quantum computing enters the mainstream. This emerging technology could drive the next massive hype cycle in tech. When that happens, Rigetti should be one of the biggest beneficiaries as a pure-play quantum leader. I believe the stock offers asymmetric upside that more than justifies the risks inherent in its small size today.</p>



<h2>Nano Dimension (NNDM)</h2>



<p>Another sector that&rsquo;s worth considering is 3D printing. Indeed, 3D printing has already become commonplace for basic plastic and carbon fiber models. However, printing functional electronics remains a challenge. This is where <strong>Nano Dimension</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nndm-stock-quote/"><strong>NNDM</strong></a>) comes in. The company specializes in additively manufactured electronics (<span>AME</span>), an in-house process for 3D printing circuit boards and electronic devices.</p>



<p>As 3D printing grows more advanced, I expect significant hype around electronic printing capabilities to build. Nano Dimension is one of the leading players in this niche, and its core business is expanding nicely. In 2023, the company&rsquo;s <a href="https://www.google.com/finance/quote/NNDM:NASDAQ">revenue grew 29% year-over-year to $56.3 million</a>. Nano Dimension is also cutting costs, expecting to reach breakeven within 24 months. With $25-$30 million in targeted annual savings starting in Q1 2024, analysts expect Nano Dimension to achieve positive free cash flow in 2025.</p>



<p>As both revenue growth and cost savings kick in, the company&rsquo;s path to profitability looks promising. This makes NNDM stock a solid speculative buy, in my books.</p>



<h2>BrainChip Holdings (BRCHF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/brain-1600-300x169.png" alt="A concept image of a glowing blue brain to depict AI"><div>Source: Andrus Ciprian / Shutterstock.com</div></div><p>Brain-computer interfaces represent one of the most fascinating frontiers in the technology sector today. From Neuralink&rsquo;s headline-grabbing brain chip implants to AR/VR headsets, this space has no shortage of potentially disruptive applications. While mass adoption is still decades away, I believe the hype cycle around consumer brain computing could start much sooner.</p>



<p>One under-the-radar play is <strong>BrainChip Holdings</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/brchf-stock-quote/"><strong>BRCHF</strong></a>), an Australian company specializing in neuromorphic AI chips and IP. As the first commercial producer of this hardware, BrainChip gives investors direct exposure to brain-inspired computing. The stock is very speculative, with a modest $428 million market cap and no revenue. But the long-term upside for this stock could be enormous if brain chips gain broader adoption.</p>



<p>Though brain chips themselves are likely a decade away from the mainstream, the hype cycle should begin much sooner. BrainChip&rsquo;s leadership in neuromorphic AI puts it at the forefront of this emerging trend. Plus, its chips can also pique the interest of many AI companies, as they reduce dependency on big data centers by keeping the machine learning local to the chip. I believe BrainChip represents a potential multi-bagger over the long-run. As brain computing enters the spotlight, this first-mover could see its small market capitalization lifted dramatically higher over time.</p>



<p><strong><a href="https://investorplace.com/stock-types/penny-stocks/">Penny Stocks</a></strong></p>



<p><strong><em>On Penny Stocks and Low-Volume Stocks:</em></strong><em>&nbsp;With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that&nbsp;<a href="http://investorplace.com/" target="_blank">InvestorPlace.com</a>&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em>Read More:&nbsp;Penny Stocks &mdash;&nbsp;</em><a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/"><em>How to Profit Without Getting Scammed</em></a></p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/3-stocks-to-buy-for-100x-gains-before-the-next-tech-hype-cycle/">3 Stocks to Buy for 100X Gains Before the Next Tech Hype Cycle</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Stocks to Buy for 100X Gains Before the Next Tech Hype Cycle

During the first week of April 6 of the 10 stocks in the Index declined with the Index down 20.5% YTD. The decline broadened this past week with all 10 constituents declining with the Index now down 27.7% YTD.

Take Note: Small Cap AI Stocks Continue On Sale! Now -27% YTD

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>United States equities have calmed down since their rally in the first quarter of 2024. The<strong>&nbsp;S&amp;P 500</strong>, <strong>Nasdaq</strong> and <strong>Russell 2000</strong>&nbsp;have all dipped slightly from their previous highpoints. While market trends, such as the generative AI craze, may have been enough to lift stocks to new heights, nowadays analysts and investors are increasingly worried about how stretched trading multiples have become. Today, we&rsquo;re analyzing the top stocks to sell on the CPI report.</p>



<p>Inflation also remains in the equation. Economists and market analysts <a href="https://www.bloomberg.com/news/articles/2024-04-10/us-core-cpi-rises-more-than-forecast-for-third-straight-month?sref=a6OYFmE3">expected there to be a downtick</a> in the core consumer price index (<span>CPI</span>) figures for March. Instead, there was a month-to-month increase of 0.4% while the Y/Y rate for the core CPI remained at 3.8%. In other words, inflation seems here to stay for some time, which casts doubt on the Q2 rate cuts some analysts were hoping for.  Persistent inflation and interest rates could prolong many companies cloudy business environments, potentially impacting high trading multiples. </p>



<p>Without further ado, below are stocks to sell on the CPI report before inflation and rate fears bring in more market turbulence.  </p>



<h2>SentinelOne (S)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/sentinelone-1600-300x169.png" alt="The logo for SentinelOne (S) is seen on on an office building."><div>Source: Tada Images / Shutterstock.com</div></div><p><strong>SentinelOne</strong>&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/s-stock-quote/"><strong>S</strong></a>) is a global provider of cloud-based cybersecurity solutions, best-known for its &lsquo;Singularity Extended Detection and Response Platform&rsquo;. The concept leverages artificial intelligence to power cybersecurity solutions on an organization&rsquo;s cloud network.</p>



<p>Singularity&rsquo;s value proposition was simple. AI technology would create a human-like experience for the platform&rsquo;s users, thus significantly decreasing upfront costs for customers. Addressing this pain-point in cybersecurity, SentinelOne roared into prominence with a <a href="https://www.reuters.com/technology/daniel-loeb-backed-sentinelone-valued-117-bln-shares-jump-debut-2021-06-30/" target="_blank">record IPO</a> and years of consecutive triple-digit revenue growth. In 2023, SentinelOne&rsquo;s share price rose more than 88%; of course, the AI craze had a lot to do with it. While SentinelOne&rsquo;s shares have had a decent run in Q1&rsquo;2024, shares are down nearly 21% for the year.  </p>



<p>The company&rsquo;s Q4 earnings report is partially to blame. While&nbsp;<a href="https://investors.sentinelone.com/financial-info/quarterly-results/default.aspx">financial figures</a>&nbsp;did come in above Wall Street estimates, guidance for the company&rsquo;s following fiscal year was not sorely underwhelming. Intense competition from <strong>CrowdStrike</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/crwd-stock-quote/"><strong>CRWD</strong></a>) which just seems to be snapping up market share is also a concern on investors&rsquo; minds. Now with this hotter-than-expected CPI report, which could result in elevated interest rates for a long period of time, SentinelOne&rsquo;s growth prospects look even dimmer. Time to cash out now before more damage is done. </p>



<h2>Rigetti Computing (RGTI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/08/quantumcomputingstocks1600-300x169.png" alt="IBM Q System One Quantum Computer at the Consumer Electronic Show CES 2020. Quantum computing stocks."><div>Source: Boykov / Shutterstock.com</div></div><p><strong>Rigetti Computing</strong>&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/rgti-stock-quote/" target="_blank"><strong>RGTI</strong></a>) is a vertically-integrated quantum computing business. This means the company both designs and manufactures its multi-chip quantum processors. Rigetti uses superconducting circuits as qubits fabricated on silicon chips and operating at near-zero temperatures. To deliver its quantum computing capabilities to clients, Rigetti leverages cloud service networks while also providing quantum software development tools as well as quantum hardware design and manufacturing.</p>



<p>While Rigetti&nbsp;<a href="https://investors.rigetti.com/news-releases/news-release-details/rigetti-computing-reports-fourth-quarter-and-full-year-2023">announced</a>&nbsp;a successful Q4 2024 earnings period, which saw both revenue and earnings per share beat Wall Street estimates, the stock is also coming upon uncharted territory with interest rates likely being higher for longer. A startup like Rigetti needs ample access to equity and venture capital to sustain its losses. A company like this will find it difficult to obtain sizable loans. Still, access to equity capital could dry up even more if investors become more risk averse </p>



<p>RGTI&rsquo;s shares have risen approximately 20% to around $1.18 per share from a year-to-date perspective but has plummeted over 46% from its high of $2.19 per share. Because quantum computing is still a pretty nascent field, investors are probably better of cashing out of this one, especially as the macroeconomic environment continues to be murky.</p>



<h2>Cloudflare (NET)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/net_cloudflare_1600-300x169.png" alt="In this photo illustration a Cloudflare Inc (NET) logo is seen displayed on a smartphone. stocks to sell on the CPI report"><div>Source: IgorGolovniov / Shutterstock.com</div></div><p><strong>Cloudflare&nbsp;</strong>(NASDAQ:<a href="https://investorplace.com/stock-quotes/net-stock-quote/"><strong>NET</strong></a>) hosts a massive <a href="https://www.cloudflare.com/learning/cdn/what-is-a-cdn/" target="_blank">Content Delivery Network</a>&nbsp;or CDN that helps delivery continent to millions across the globe. For those unaware, Cloudflare&rsquo;s CDN is just a series of collocated servers wherein Cloudflare&rsquo;s customers can affordably store data.  Accessing a favorite streaming service or&nbsp;YouTube&nbsp;channels becomes simpler with a CDN, or a &ldquo;distributed network,&rdquo; that allows users to quickly pull up a video or any other piece of content from the closest server.</p>



<p>Cloudflare has provides a security apparatus to websites. If you have ever accessed a website and had a virtual private network (<span>VPN</span>) on, perhaps you had a Cloudflare pop-up window verifying if you were a &ldquo;real human.&rdquo; In other words, the Cloudflare CDN also protects customers&rsquo; content from malware and other intrusive attempts so that websites do not have to build out that security infrastructure on their own.</p>



<p>The CDN company&rsquo;s shares have done well in 2024, rising 13% on a year-to-date basis. At one point in the year, NET&rsquo;s share price had risen almost 30% after its <a href="https://www.cnbc.com/2024/02/08/cloudflare-net-q4-earnings-report-2023.html">Q4 report</a> blew past Wall Street estimates. However, Cloudflare clearly isn&rsquo;t immune to the machinations in the macro environment and broader equities market. Its insanely high valuation as well as the uncertainty around how higher rates for longer will affect its business growth have sent shares plummeting 13% from its all-time high. Similar to the others in the list, probably now is a good time to accept your gains and accept NET as one of the stocks to sell on the CPI report.  </p>



<p><em>On the date of publication, Tyrik Torres&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Tyrik Torres has been studying and participating in financial markets since he was in college, and he has particular passion for helping people understand complex systems. His areas of expertise are semiconductor and enterprise software equities. He has work experience in both investing (public and private markets) and investment banking.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/cpi-ruins-the-party-3-high-flying-stocks-to-cash-out-of/">CPI Ruins the Party: 3 High-Flying Stocks to Cash Out Of</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

CPI Ruins the Party: 3 High-Flying Stocks to Cash Out Of

AAOI

ADSK

AMZN

ANET

ANSS

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BKSY

BRCHF

BTAI

CDNS

DELL

DMRC

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Press Releases

General

Rigetti Launches the Novera QPU, the Company's First Commercially Available QPU

Rigetti Announces Public Availability of Ankaa-2 System with a 2.5x Performance Improvement Compared to Previous QPUs

Rigetti Computing Awarded Innovate UK Grant to Develop Quantum Machine Learning Techniques for Financial Data Streams

Rigetti Computing Wins Innovate UK Competition to Deliver a 24-qubit Quantum Computing System to the National Quantum Computing Centre

Riverlane and Rigetti Computing Partner with Oak Ridge National Laboratory to Work to Improve HPC-Quantum Integration

Rigetti Computing to Report Fourth Quarter and Full Year 2023 Financial Results and Host Conference Call on March 14, 2024

Opinion

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Rigetti Computing Reports Fourth Quarter and Full Year 2023 Results

Rigetti and Oxford Instruments Announce Successful Completion of Innovate UK Project to Launch One of the First UK-Based Quantum Computers

COST