Thunder Bridge Acquisition II Ltd is a blank check company.

Tarena International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEDU#NASDAQ">TEDU</a>) reported quarterly losses of $(0.22) per share. The company reported $90.20 million in sales this quarter.

Earnings

News

TEDU

Tarena International Q2 EPS $(0.22), Sales $90.20M

<ul>
<li>McDonald&#39;s Corp&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mcd#NYSE">MCD</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/09/n23082875/mcdonalds-raises-quarterly-cash-dividend-by-7-and-resumes-share-repurchases" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">Board of Directors has raised the quarterly cash dividend&nbsp;</a>to $1.38 per share of common stock, payable on December 15, 2021, to shareholders of record at the close of business on December 1, 2021.&nbsp;</li>
<li>The dividend rate represents a 7% increase over its previous quarterly dividend and brings the Q4 dividend payout to over $1 billion.</li>
<li>The new dividend of $1.38 per share is equivalent to $5.52 annually.</li>
<li>McDonald&#39;s has also announced the resumption of its share repurchase program.</li>
<li>On December 31, 2019, the company&#39;s&nbsp;<a class="editor-rtfLink" href="https://www.sec.gov/ix?doc=/Archives/edgar/data/63908/000006390821000030/mcd-20210630.htm" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">board approved a share repurchase program</a>&nbsp;that authorized up to $15 billion of common stock. The company did not repurchase any shares in the open market during the June quarter. The company has a $14.1 billion value of shares that may yet to be purchased under the plan.</li>
<li>Price Action:&nbsp;MCD shares closed higher by 0.68% at $244.78 on Thursday.</li>
</ul>

Dividends

Buybacks

McDonald's Hikes Dividend By 7%, Resumes Buyback

JOBS

51job Q2 EPS $0.41 vs $0.47 Estimate, Sales $170.20M Beat $133.33M Estimate

Pre-open movers
U.S. stock futures traded lower in early pre-market trade after the Dow Jones surged over 500 points in the previous session. Investors are awaiting earnings results from Carnival Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccl#NYSE">CCL</a>) and 51job, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jobs#NASDAQ">JOBS</a>).
Data on new home sales for August will be released at 10:00 a.m. ET. Federal Reserve Chair Jerome Powell, Federal Reserve Bank of Kansas City President Esther George, Federal Reserve Governor Michelle Bowman and Vice Chair Richard Clarida will speak at 10:00 a.m. ET. Federal Reserve Bank of Atlanta President Raphael Bostic will speak at 12:00 p.m. ET.
Futures for the Dow Jones Industrial Average dropped 80 points to 34,564.00 while the Standard &amp; Poor&rsquo;s 500 index futures fell 15 points to 4,423.00. Futures for the Nasdaq 100 index fell 71 points to 15,232.50.
The U.S. has the highest number of COVID-19 cases and deaths in the world, with total infections in the country exceeding 42,672,290 with around 684,350 deaths. India reported a total of at least 33,594,800 confirmed cases, while Brazil confirmed over 21,308,170 cases.
<a href="https://www.benzinga.com/investing/global-oil-storage-trends/">Oil prices </a>traded higher as Brent crude futures rose 0.3% to trade at $76.70 per barrel, while US WTI crude futures rose 0.2% to trade at $73.43 a barrel. US natural-gas supplies climbed 76 billion cubic feet last week, the Energy Information Administration said Thursday. The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
A Peek Into Global Markets

European markets were lower today. The Spanish Ibex Index fell 0.1% and STOXX Europe 600 Index dropped 0.6%. The French CAC 40 Index fell 0.8%, London&rsquo;s FTSE 100 dropped 0.2% while German DAX 30 declined 0.6%. The United Kingdom&rsquo;s GfK consumer confidence index fell to -13 for the month of September from -8 a month ago. Manufacturing confidence in Italy dropped to 113 in September from a revised level of 113.2 in August, while consumer confidence climbed to 119.6 from 116.2. The Ifo business climate indicator for Germany fell to 98.8 in September versus a revised reading of 99.6 in August.
Asian markets traded mixed today. Japan&rsquo;s Nikkei 225 climbed 2.06%, Hong Kong&rsquo;s Hang Seng Index fell 1.3%, while China&rsquo;s Shanghai Composite Index fell 0.8%. Australia&rsquo;s S&amp;P/ASX 200 fell 0.4% and India&rsquo;s BSE Sensex rose 0.4%. Japan&rsquo;s services PMI rose to 47.4 in September from a 15-month low level of 42.9 in the previous month, while manufacturing PMI dropped to 51.2 in September from a final 52.7. Japan&#39;s consumer prices fell 0.4% year-over-year in August, while food prices dropped 1.1% year-over-year in August.
Broker Recommendation
Jefferies upgraded The Cheesecake Factory Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cake#NASDAQ">CAKE</a>) from Hold to Buy and raised the price target from $55 to $60.
Cheesecake Factory shares rose 1.2% to $47.65 in pre-market trading.
<a href="https://www.benzinga.com/analyst-ratings/">Check out other major ratings here </a>
&nbsp;
Breaking News 
<ul>
<li>Nike Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nke#NYSE">NKE</a>) reported better-than-expected earnings for its first quarter, while sales missed expectations. The company also lowered its sales forecast for the full year.</li>
<li>Progress Software Corp (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/prgs#NASDAQ">PRGS</a>) reported better-than-expected results for its third quarter and raised FY21 guidance. The company also announced acquisition of privately held Kemp for $258 million in cash.</li>
<li>Costco Wholesale Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cost#NASDAQ">COST</a>) reported upbeat results for its fourth quarter. Its comparable sales, excluding fuel and currency impact, surged 9.4% last quarter.</li>
<li>Alibaba Group Holding (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) is looking to shed its entire stake in a local television network as Beijing wants the Jack Ma-founded company to sell some of its media assets, Bloomberg News reported.</li>
</ul>

<a href="https://www.benzinga.com/news/">Check out other breaking news here</a>

Eurozone

Futures

Global

Pre-Market Outlook

Markets

BABA

CAKE

COST

PRGS

A Peek Into The Markets: US Stock Futures Down Ahead Of Fed Speakers

-Bloomberg
<a href="https://www.bloomberg.com/news/articles/2021-09-24/china-deems-all-crypto-related-transactions-illegal-in-crackdown" title="https://www.bloomberg.com/news/articles/2021-09-24/china-deems-all-crypto-related-transactions-illegal-in-crackdown">https://www.bloomberg.com/news/articles/2021-09-24/china-deems-all-crypto-related-transactions-illegal-in-crackdown</a>

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

Cryptocurrency

BTBT

COIN

MARA

MSTR

RIOT

China's Central Bank Said All Cryptocurrency-related Transactions Are Illegal and Must Be Banned

<a href="https://twitter.com/megtirrell/status/1441331243887456257" title="https://twitter.com/megtirrell/status/1441331243887456257">https://twitter.com/megtirrell/status/1441331243887456257</a>

BNTX

CNBC's Meg Meg Tirrell Tweeted: CDC director overrules advisory committee, recommending #covid19 booster dose for all categorizes FDA authorized

Insider Trades

ALPN

Alpine Immune Sciences Director Robert Conway Reported Purchase of 10,000 Shares @ Avg Price of $9.80/Share in Form 4 Filing on Thursday

Telsey Advisory Group analyst Joseph Feldman maintains Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Outperform and lowers the price target from $180 to $176.

Price Target

Analyst Ratings

Telsey Advisory Group Maintains Outperform on Nike, Lowers Price Target to $176

<ul>
<li>Online used car dealer&nbsp;Uxin Ltd&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uxin#NASDAQ">UXIN</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/21/09/g23085365/uxin-reports-unaudited-first-quarter-of-fiscal-year-2022-financial-results" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported first-quarter FY22</a>&nbsp;revenue growth of 346.5% year-on-year to $43 million (RMB277.8 million).</li>
<li>The transaction volume was lower by 22.5% Y/Y to 3,011 units.</li>
<li>Revenue for Retail vehicle sales was $14.2 million, Wholesale vehicles were $27.4 million, and Other revenue was $1.5 million.</li>
<li>The company posted a 4% gross margin versus a negative 28.4% last year.</li>
<li>Uxin clocked an EPS loss of $(0.01) and ended Q4 with $25.8 million in cash and equivalents.</li>
<li>Outlook:&nbsp;Uxin sees Q2 revenue of RMB310 million - RMB330 million.</li>
<li>Price Action:&nbsp;UXIN shares closed higher by 2.78% at $2.96 on Thursday.</li>
</ul>

Penny Stocks

Guidance

Small Cap

Tech

UXIN

Uxin Clocks 347% Revenue Growth In Q1, Posts Positive Margin

-Reuters
<a href="https://www.reuters.com/technology/amazon-launches-bundling-service-video-streaming-apps-india-2021-09-24/" title="https://www.reuters.com/technology/amazon-launches-bundling-service-video-streaming-apps-india-2021-09-24/">https://www.reuters.com/technology/amazon-launches-bundling-service-video-streaming-apps-india-2021-09-24/</a>

AMZN

DISCA

Amazon Launched Prime Video Channels in India With Discounted Add-on Channels

Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and raises the price target from $470 to $480.

Telsey Advisory Group Maintains Outperform on Costco Wholesale, Raises Price Target to $480

Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) and Alphabet Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) have been sued by bankrupt wearable technology company Jawbones Inc, Bloomberg News reported on Thursday, <a href="https://www.bloomberg.com/news/articles/2021-09-23/jawbone-ghost-rises-to-sue-google-apple-over-ear-pods-phones?sref=TBDibEcD" style="text-decoration:none">citing</a> court documents.&nbsp;
What Happened: Jawbone, which went bankrupt in 2017, has sued the two tech giants over the noise cancellation technology in their earbuds, smartphones and smart home devices, as per Bloomberg.
Jawbones claims it was the first to develop the now popular noise-canceling technology which Apple now uses in its Airpods. The now-defunct company originally owned the patents and has filed the suits in federal court in Waco, Texas, a popular destination for patent-friendly judges and juries, the report noted.
See Also: <a href="https://www.benzinga.com/fintech/21/08/22458285/phillips-sues-google-over-fitbit-patent-could-discontinue-fitbit-sales" style="text-decoration:none">Phillips Sues Google Over Fitbit Patent, Could Discontinue Fitbit Sales</a>
Why It Matters: Jawbones, once seen as a rival to now Google-owned Fitbit Inc, was involved in a long legal battle with the latter which led to the now-bankrupt company liquidating its assets. Fitbit was bought by Google for $2.1 billion.&nbsp;&nbsp;
The wearable technology space is a hotly contested space with multiple players including Apple, Google, Samsung, Fitbit, Garmin Ltd. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/grmn#NASDAQ">GRMN</a>) and more vying for the rapidly growing segment.
Price Action: Apple shares closed 0.67% higher at $146.83 on Thursday. Alphabet Inc Class C shares closed 0.63% higher at $2,836.53.&nbsp;
For news coverage in French, Italian, or Spanish, check out&nbsp;<a href="https://fr.benzinga.com/" rel="noopener noreferrer" target="_blank">Benzinga France</a>,&nbsp;<a href="https://it.benzinga.com/" rel="noopener noreferrer" target="_blank">Benzinga Italia</a>, or&nbsp;<a href="https://es.benzinga.com/" rel="noopener noreferrer" target="_blank">Benzinga Espa&ntilde;a</a>.

Legal

Media

AAPL

GOOG

GOOGL

GRMN

Apple, Google Sued By Jawbone Over Patent Violations In Noise-Canceling Technology: Report

Jefferies analyst Andy Barish upgrades BJ's Restaurants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>) from Hold to Buy and raises the price target from $48 to $55.

Upgrades

BJRI

Jefferies Upgrades BJ's Restaurants to Buy, Raises Price Target to $55

Jefferies analyst Andy Barish upgrades Chuy's Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHUY#NASDAQ">CHUY</a>) from Hold to Buy and raises the price target from $36 to $41.

CHUY

Jefferies Upgrades Chuy's Holdings to Buy, Raises Price Target to $41

<a href="https://t.co/G7R2uOIcO2?amp=1" title="https://t.co/G7R2uOIcO2?amp=1">https://t.co/G7R2uOIcO2?amp=1</a>

SSNLF

TSLA

Tesla Cybertruck's HW4.0 Computer Will be Produced by Samsung

Jefferies analyst Andy Barish upgrades Dave &amp; Buster's Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) from Hold to Buy and raises the price target from $40 to $56.

PLAY

Jefferies Upgrades Dave & Buster's Enter to Buy, Raises Price Target to $56

Jefferies analyst Andy Barish upgrades Red Robin Gourmet Burgers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRGB#NASDAQ">RRGB</a>) from Hold to Buy and raises the price target from $28 to $31.

RRGB

Jefferies Upgrades Red Robin Gourmet Burgers to Buy, Raises Price Target to $31

Jefferies analyst Andy Barish upgrades Cheesecake Factory (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAKE#NASDAQ">CAKE</a>) from Hold to Buy and raises the price target from $55 to $60.

Jefferies Upgrades Cheesecake Factory to Buy, Raises Price Target to $60

Oppenheimer analyst Suraj Kalia initiates coverage on Humacyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) with a Outperform rating and announces Price Target of $16.

Initiation

HUMA

Oppenheimer Initiates Coverage On Humacyte with Outperform Rating, Announces Price Target of $16

Stifel analyst Dae Gon Ha initiates coverage on Verve Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERV#NASDAQ">VERV</a>) with a Hold rating and announces Price Target of $58.

VERV

Stifel Initiates Coverage On Verve Therapeutics with Hold Rating, Announces Price Target of $58

&nbsp;

<ul>
	<li>
	<h3>Gainers</h3>
	</li>
	<li>TPG Pace Beneficial (NYSE:<a class="ticker" href="/stock/TPGY#NYSE">TPGY</a>) stock rose 103.55% to $22.59 during Friday&#39;s regular session. As of 12:31 EST, this security is trading at a volume of 9.0 million shares, making up 2350.65% of its average full-day volume over the last 100 days.</li>
	<li>Equus Total Return (NYSE:<a class="ticker" href="/stock/EQS#NYSE">EQS</a>) shares increased by 43.36% to $1.62. Trading volume for Equus Total Return&#39;s stock is 961.1K as of 12:31 EST. This is 2883.99% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $21.8 million.</li>
	<li>Thunder Bridge (NASDAQ:<a class="ticker" href="/stock/THBRU#NASDAQ">THBRU</a>) shares increased by 14.44% to $11.96. The current volume of 200 shares is 6.03% of Thunder Bridge&#39;s average full-day volume over the last 100 days (last updated at 12:31 EST).</li>
	<li>Forum Merger III (NASDAQ:<a class="ticker" href="/stock/FIII#NASDAQ">FIII</a>) stock moved upwards by 11.93% to $13.13. Trading volume for this security as of 12:31 EST is 11.3 million, which is 3000.96% of its average full-day volume over the last 100 days.</li>
	<li>Qell Acquisition (NASDAQ:<a class="ticker" href="/stock/QELL#NASDAQ">QELL</a>) stock increased by 9.47% to $12.48. Trading volume for Qell Acquisition&#39;s stock is 2.3 million as of 12:31 EST. This is 188.26% of its average full-day volume over the last 100 days.</li>
</ul>

&nbsp;

&nbsp;

<h3>Losers</h3>

&nbsp;

<ul>
	<li>Hennessy Cap Acquisition (NASDAQ:<a class="ticker" href="/stock/HCAC#NASDAQ">HCAC</a>) shares declined by 13.85% to $18.95 during Friday&#39;s regular session. As of 12:31 EST, this security is trading at a volume of 3.7 million shares, making up 198.71% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $707.1 million.</li>
	<li>AMCI Acquisition (NASDAQ:<a class="ticker" href="/stock/AMCIU#NASDAQ">AMCIU</a>) shares declined by 13.04% to $14.95. As of 12:31 EST, this security is trading at a volume of 420 shares, making up 57.77% of its average full-day volume over the last 100 days.</li>
	<li>Switchback Energy (NYSE:<a class="ticker" href="/stock/SBE#NYSE">SBE</a>) shares decreased by 10.53% to $37.49. Trading volume for this security as of 12:31 EST is 5.4 million, which is 109.7% of its average full-day volume over the last 100 days. The company&#39;s market cap stands at $1.4 billion.</li>
	<li>CIIG Merger (NASDAQ:<a class="ticker" href="/stock/CIIC#NASDAQ">CIIC</a>) stock fell 10.43% to $28.11. Trading volume for CIIG Merger&#39;s stock is 3.0 million as of 12:31 EST. This is 94.49% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $909.1 million.</li>
</ul>

&nbsp;

&nbsp;

Intraday Update

Movers

9 Financial Services Stocks Moving In Friday's Intraday Session

Trading Ideas

Thunder Bridge Acquisition II Shares Halted On A Circuit Breaker

AMCIU

CIIC

CIICU

FIII

FIIIU

HCAC

HCACU

QELL

THBRU

TPGY

SPAC alert: Auto software player Indie Semiconductor plans merger with Thunder Bridge

Thunder Bridge: Investing In Auto Tech Future

THBR

Press Releases

Thunder Bridge Acquisition II, Ltd. Announces Response to Recent SEC Guidance Applicable to Warrants Issued by Special Purpose Acquisition Companies

QQQ

DIA

SPY

TLT

GLD

BTC/USD

QQQ

DIA

SPY

TLT

GLD

BTC/USD

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