Latest news for NamSys (OTC:NMYSF) Stock

NamSys Inc offers software solutions for currency management and processing for the banking and merchant industries principally in North America. The company generates its revenue in the form of software license fees, maintenance, and professional services. The majority of the revenue is generated from the United States and rest from Mexico, Puerto Rico, Dominican Republic, Canada and other regions.

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Stocks That Hit 52-Week Highs On Friday

NamSys Inc

Delta Air Lines's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) short percent of float has fallen 4.8% since its last report. The company recently reported that it has 30.55 million shares sold short, which is 5.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.97 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Delta Air Lines Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726771512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Delta Air Lines has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Delta Air Lines's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Delta Air Lines's peer group average for short interest as a percentage of float is 12.40%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(DAL) - Analyzing Delta Air Lines's Short Interest

- Reuters Citing Three Security Sources&nbsp;

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Israel Conducts Dozens Of Strikes In South Lebanon In Recent Hours In Major Intensification Of Bombing

During the last three months, 5 analysts shared their evaluations of GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>), revealing diverse outlooks from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $18.1, with a high estimate of $19.00 and a low estimate of $17.00. This current average has decreased by 1.84% from the previous average price target of $18.44. 
<img src="https://www.benzinga.com/files/images/story/2024/1726771491_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The analysis of recent analyst actions sheds light on the perception of GEO Group by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$17.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Jason Weaver</td>
<td>Jones Trading</td>
<td>Maintains</td>
<td>Buy</td>
<td>$18.75</td>
<td>$18.75</td>
</tr>
<tr>
<td>Jay McCanless</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$19.00</td>
<td>$19.00</td>
</tr>
<tr>
<td>Jason Weaver</td>
<td>Jones Trading</td>
<td>Announces</td>
<td>Buy</td>
<td>$18.75</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to GEO Group. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of GEO Group compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of GEO Group's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of GEO Group's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GEO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on GEO Group analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Unveiling the Story Behind GEO Group</h2>
The GEO Group Inc specializes in detention facilities and community reentry centers. It operates in four segments: U.S. Secure Services, which mainly encompasses U.S.-based secure services business; Electronic Monitoring and Supervision Services, which conducts its services in the United States, represents services provided to adults for monitoring services and evidence-based supervision and treatment programs for community-based parolees, probationers, and pretrial defendants; Reentry Services conducts its services in the United States represents services provided to adults for residential and non-residential treatment, educational and community-based programs, pre-release and half-way house programs; and International Services.
<h3>Breaking Down GEO Group's Financial Performance</h3>
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Positive Revenue Trend: Examining GEO Group's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 2.24% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of -5.35%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): GEO Group's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -2.51%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): GEO Group's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.89%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: GEO Group's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.45.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

5 Analysts Assess GEO Group: What You Need To Know

Hut 8 Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) stock is trading higher on Thursday after the company announced it expanded its partnership with BITMAIN to unveil the U3S21EXPH, a liquid-cooled ASIC miner for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40933606/hut-8-expands-partnership-with-bitmain-unveils-next-gen-liquid-cooled-asic-miner-for-bitco">mining</a>.
The Details: The company plans to implement the model in the 2025 second quarter, with a hosting agreement of roughly 15 EH/s, relying on a custom in-house data center infrastructure.
The agreement with BITMAIN allows Hut 8 to purchase the hosted machines in a maximum of three tranches. These potential purchases would come at a fixed rate within the first six months following energization of the relevant tranche(s). 
The 15 EH/s outlined in the agreement is anticipated to increase Hut 8&#8217;s hash rate under management to 33.5 EH/s, assuming the company does not execute its purchase options. If it executes all of its purchase options, that is anticipated to bring the company&#8217;s self mining hash rate to about 20.6 EH/s.
The launch of this ASIC miner is part of Hut 8&#8217;s broader plan to expand its computing capabilities in energy-intensive areas like Bitcoin mining and AI, aiming to optimize returns from its power assets and infrastructure. 
&#8220;Our partnership with BITMAIN has allowed us to advance our thinking on ASIC compute and create a more scalable model for data center design as we expand our footprint,&#8221; said Asher Genoot, CEO of Hut 8. 
Related Link: <a href="https://www.benzinga.com/news/24/09/40941818/how-this-cheese-aging-tech-is-boosting-profits-for-cannabis-growers-stop-throwing-cheddar-out-the-do">How This Cheese-Aging Tech Is Boosting Profits For Cannabis Growers: Stop Throwing Cheddar Out The Door</a>
HUT Price Action: At the time of writing, Hut 8 stock is trading 5.67% higher at $11.65, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Photo via Unsplash

$BTC

What's Going On With Hut 8 Shares Thursday?

Shares of Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) rose some 3.09% to $18.87 Thursday afternoon after the Federal Reserve announced a 50-basis-point interest rate cut at its September Federal Open Market Committee (FOMC) meeting.
The unexpected 50 basis point rate cut signals a more aggressive approach to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">monetary easing</a>, a move that could have significant implications for companies like Hewlett Packard Enterprise, particularly in the tech and enterprise services sector.
Why This Matters: HPE's business model depends on significant capital investment and long-term contracts with enterprise customers. Macroeconomic conditions, such as interest rates, inflation and access to capital, can influence global corporate IT spending and company revenue.
In a general sense, HPE's financial health and growth prospects are sensitive to changes in borrowing costs due to the capital-intensive nature of its business and its customers&#8217; reliance on financing for large-scale IT projects.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">S&amp;P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed&#8217;s Historic Interest Rate Cut</a>
HPE, like many large-cap tech companies, also frequently taps the debt markets to finance operations, acquisitions and capital expenditures. The Fed's rate cut reduces the cost of borrowing for HPE, which translates into lower interest expenses on its existing and future debt. 
As of third-quarter 2024, HPE had roughly $11.3 billion in total debt, and lower interest rates could result in significant savings on its interest payments, improving its profit margins and bottom line.
What Else: Many of HPE's enterprise customers also finance large IT infrastructure projects through borrowing. Lower interest rates reduce the cost of financing for these customers, making it easier for them to invest in HPE's high-margin products and services. 
A more aggressive rate-cut cycle, as indicated by the Fed's updated dot plot projections, could spur corporate spending on critical IT infrastructure, further boosting HPE's revenue growth.
The Federal Reserve's updated projections, which forecast the federal funds rate to drop to 3.25%-3.5% by the end of 2025, could provide a clear runway for continued easing. For Hewlett Packard Enterprise, this could result in a multi-year period of favorable conditions for internal financing and customer demand.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40942814/boeing-braces-for-turbulence-as-strikes-furloughs-send-stock-sliding-bearish-signals-pre">Boeing Braces For Turbulence As Strikes, Furloughs Send Stock Sliding, Bearish Signals Prevail</a>
<h2 class="wp-block-heading">How To Buy HPE Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Hewlett Packard&#8217;s case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, HPE has a 52-week high of $22.82 and a 52-week low of $14.46.

Why Hewlett Packard (HPE) Stock Is Seeing Blue Skies

Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) stock is up after Piper Sandler analyst Patrick Moley maintained an Overweight rating and raised its <a target="_blank" href="https://www.benzinga.com/quote/HOOD/analyst-ratings" rel="noreferrer noopener">price target from $23 to $27</a>.
The re-rating follows the <a target="_blank" href="https://in.benzinga.com/markets/equities/24/09/40932103/it-stocks-on-the-rise-after-u-s-fed-cuts-interest-rate" rel="noreferrer noopener">50 bps Fed rate cut</a>, with Moley reiterating that the second-order effects of Fed rate cuts on margin balance growth and overall retail trading activity will be enough to offset the negative impact of lower rates.
The price target reflects seven times the analyst&#8217;s 2026 revenue estimate (up from 6 times previously to reflect recent peer group multiple expansion and a more favorable retail trading environment).
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/09/40938590/whats-going-on-with-ai-related-stocks-nvidia-amd-broadcom-and-super-micro-on-thursday" rel="noreferrer noopener">What&#8217;s Going On With AI Related Stocks Nvidia, AMD, Broadcom And Super Micro On Thursday?</a>
Moley said that Crypto accounted for ~16% of Robinhood Markets&#8217; net revenues in the first half of 2024. While the stock has by far the most robust crypto offering of any traditional U.S. retail broker, its offering is pretty conservative compared to crypto-native firms like Coinbase Global, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
Moley noted that the passage of comprehensive crypto legislation in the U.S. is nearing. CME Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) and Coinbase CEOs believe comprehensive legislation could come before year-end.
The analyst said Robinhood Markets is well positioned to benefit if this occurs, given its relatively conservative crypto offering and a younger customer demographic with an appetite to adopt new crypto products.
Moley projects ~ a 10%-12% EPS upside to Robinhood Markets&#8217; earnings if the company expands its crypto offering to something comparable to crypto-native peers.
<h2 class="wp-block-heading">Robinhood Stock Prediction For 2024</h2>
Robinhood Markets&#8217;s revenue growth in FY23 was 37.33%, reflecting the influence of various factors including the macroeconomic environment, demand for its products and services, and its position relative to competitors. This growth is a critical indicator for investors assessing the company&#8217;s future prospects.
Some macro factors that could impact the company's performance in the next year include higher interest rates, progress on reeling in inflation and labor market strength. The Fed's benchmark rate is currently at 5.33%, while PPI recently came in at 0.2%, growing 1.7% from last year. The unemployment rate was most recently reported as 4.2%.
An investor should pay attention to economic conditions to decide whether they think the macro environment is positive or negative for Robinhood Markets stock. For real time economic data and breaking market updates, <a href="https://pro.benzinga.com/">check out Benzinga Pro. Try it for free.</a>
How does this stack up against Robinhood Markets's peers?
Investors may also want to analyze a stock in comparison to companies with similar products or in similar industries. Robinhood Markets operates in the Financials sector. The stock has experienced average annual growth of -17.32% compared to the 10.93% average of its peer companies. This is below the broader sector movement of Robinhood Markets.
Price Action: HOOD stock is up 2.68% at $23.57 at last check Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/news/24/09/40941075/whats-going-on-with-autonomous-driving-stock-mobileye-thursday" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Autonomous Driving Stock Mobileye Thursday?</a></li>
</ul>

Analyst Color

Price Target

Reiteration

Tech

COIN

HOOD

This Robinhood Analyst Raises Forecast By 17% On Retail Trading and Crypto Expansion - Here's Why

Large tech companies are racing to launch new artificial intelligence<a href="https://www.benzinga.com/topic/artificial-intelligence"> products and services </a>to capture market share. Most recently, Amazon.com Inc (NADSAQ: AMZN) announced its beta software of a new video-generating tool powered by AI in <a href="https://www.aboutamazon.com/news/innovation-at-amazon/amazon-ads-generative-ai-video-generator-advertisers">a blog post on Thursday. </a>The product allows advertisers to create videos for customers through Amazon's AI software. Amazon's new offering could rival Adobe Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) text-to-video service, Firefly, which is set to launch in beta at some point this year, according to <a href="https://www.theverge.com/2024/9/11/24241649/adobe-firefly-text-to-video-generative-ai-features-preview">The Verge. </a>Amazon's new video generator will be available in beta to select advertisers. Companies will be able to use Amazon's AI systems to create videos to advertise their products at no additional cost. 
Read Also: <a href="https://www.benzinga.com/news/large-cap/24/09/40930357/amazon-ends-remote-work-former-employee-asks-if-this-is-the-companys-version-of-silent-sacking">Amazon Ends Remote Work, Former Employee Asks If This Is The Company&#8217;s Version Of &#8216;Silent Sacking&#8217;</a>
"Video generator is another meaningful innovation that leverages generative AI to inspire creativity and deliver more value for both advertisers and shoppers," Amazon Ads vice president of product and technology Jay Richman said. Amazon and Adobe are not alone in the AI-powered video generator space. Other companies, like OpenAI, have also teased technology allowing users to create videos through simple text prompts such as "dog running through a field." What Is Amazon Ads? Amazon Ads is the company's advertising arm, offering various marketing strategies and solutions to companies of all sizes. According to its website, companies can launch an advertising campaign through Amazon Ads in five minutes or less. Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40847157/jim-cramer-rebukes-analysts-for-harsh-stance-on-adobe-despite-strong-q3-earnings-report-asks-for">Jim Cramer Rebukes Analysts For Harsh Stance On Adobe Despite Strong Q3 Earnings Report — Asks For Balanced Perspective Between &#8216;Total Euphoria And Total Skepticism&#8217;</a></li>
</ul>
Image: Shutterstock

AMZN

As The AI Arms Race Wages On, Amazon Takes Shot At Rival Adobe With New Text-To-Video Product

Rogers Communications Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCI#NYSE">RCI</a>) shares are trading higher on Thursday. On Wednesday, the company disclosed an agreement to acquire Bell&#8217;s 37.5% stake in Maple Leaf Sports &amp; <a href="https://www.benzinga.com/pressreleases/24/09/g40917829/rogers-to-become-majority-owner-of-maple-leaf-sports-entertainment" target="_blank" rel="noreferrer noopener">Entertainment</a><a href="https://www.benzinga.com/pressreleases/24/09/g40917829/rogers-to-become-majority-owner-of-maple-leaf-sports-entertainment" target="_blank" rel="noreferrer noopener"> (MLSE) for $3.46 billion (Canadian $4.7 billion</a>).
Upon closure, Rogers will hold a 75% controlling interest in MLSE. Bell will retain long-term broadcast and sponsorship rights, including access to 50% of Toronto Maple Leafs and Raptors games.
This deal expands Rogers&#8217; sports portfolio, which includes ownership of the Toronto Blue Jays, Rogers Centre and Sportsnet, and partnerships with the Vancouver Canucks, Edmonton Oilers, Calgary Flames and the NHL.
With this transaction, Rogers aims to continue investing in efforts to bring championships to Canada. The transaction is pending league and regulatory approvals.
&#8220;As Canada&#8217;s leading communications and entertainment company, live sports and entertainment are a critical part of our core business strategy,&#8221; said Tony Staffieri, Rogers Communications president and CEO.
In July, the company reported second-quarter revenues of $3.7 billion (C$5.093 billion), <a href="https://www.benzinga.com/news/earnings/24/07/39937266/rogers-communication-navigates-mixed-q2-subscriber-additions-clash-with-revenue-miss" target="_blank" rel="noreferrer noopener">missing the consensus of $3.76 billion</a> (<a href="https://www.benzinga.com/news/earnings/24/07/39937266/rogers-communication-navigates-mixed-q2-subscriber-additions-clash-with-revenue-miss" target="_blank" rel="noreferrer noopener">C$5.105 billion</a>).
As of June&nbsp;30, the firm had $3.17 billion (C$4.3 billion) of available liquidity, consisting of $331,980,750 (C$0.45 billion) in cash and cash equivalents and $2.8 billion (C$3.85 billion) available under bank and other credit facilities.
RCI Price Action: RCI shares are up 0.50% at $39.84 at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com//node/40944024" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Fed In &#8216;Pro-Growth Mode&#8217; Will Drive Small Cap Performance, Lazard Expert Says</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock

Entertainment

Equities

Large Cap

Sports

Global

Rogers Communications Pays $3.46B for Majority Stake In Maple Leaf Sports & Entertainment

Jefferies analyst Glen Santangelo maintains Progyny (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) with a Buy and lowers the price target from $31 to $24.

PGNY

Jefferies Maintains Buy on Progyny, Lowers Price Target to $24

4D Molecular Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDMT#NASDAQ">FDMT</a>) stock is trading lower on Thursday after the company released interim follow-up data from the Phase 1/2 PRISM clinical trial and 4FRONT <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40927731/4dmt-highlights-robust-and-durable-clinical-activity-for-4d-150-and-design-of-4front-phase-3-progr" rel="noreferrer noopener">Phase 3 study design</a>.
Robust and durable treatment burden reduction was observed in all PRISM populations studied with the planned Phase 3 dose of 3E10 vg/eye of 4D-150.
83% overall reduction in annualized injections, 52% received 0 or 1 injection, and 44% injection-free in Phase 1/2a Severe study compared to Phase 2b Broad study with observations of 89%, 80%, and 70% injection-free, respectively.
In Phase 2b, recently diagnosed patients, a 98% overall reduction in annualized injections, 100% received 0 or 1 injection, and 87% injection-free was observed.
In June, &nbsp;4D Molecular Therapeutics unveiled interim 24-week data from the Population Extension cohort of its PRISM&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/07/39823256/4d-molecular-therapeutics-goes-neck-to-neck-with-rival-shares-new-phase-2-data-for-its-wet-amd-ca" rel="noreferrer noopener">Phase 2 Clinical Trial</a>.
The trial evaluates intravitreal 4D-150 in a broad wet AMD patient population.
Central Subfield Thickness&nbsp;(CST): sustained anatomic control with fewer fluctuations.
4D-150 continues to be well tolerated with a favorable safety profile
The rate of 4D-150 intraocular inflammation (IOI) is numerically similar to that reported for approved anti-VEGF agents.
<ul>
<li>Wet AMD:2.8% (2 of 71) had 4D-150–related IOI at any time point, and two patients had transient 1+ vitreous cells</li>
<li>99% (70 of 71) completed steroid prophylaxis taper on schedule and 97% (69 of 71) remained off steroids completely.</li>
<li>Diabetic Macular Edema (DME; SPECTRA trial): No patients treated at any dose (n=22) have experienced IOI events at any time.</li>
</ul>
In February this year, 4D Molecular Therapeutics released interim data from the Phase 2 PRISM clinical trial evaluating intravitreal 4D-150 in wet age-related macular degeneration <a href="https://www.benzinga.com/general/biotech/24/02/36935968/why-is-eye-disease-focused-4d-molecular-therapeutics-stock-shooting-higher-today" target="_blank" rel="noreferrer noopener">(wet AMD) patients</a>. 
The company plans for a global 4FRONT Phase 3 development program comparing a single dose of 4D-150 3E10 vg/eye to on-label Regeneron Pharmaceuticals Inc.'s (NASDAQ: REGNP Eylea (aflibercept) 2mg Q8 weeks. The trial is expected to start in the first quarter of 2025, with around 500 participants.
Price Action: FDMT stock is down 18.80% at $13.66 at the last check on Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/09/40944130/hims-hers-to-offer-access-to-compounded-diabetes-and-weight-loss-drugs-for-just-99month-to-certain-p" target="_blank" rel="noreferrer noopener">Hims &amp; Hers To Offer Access To Compounded Diabetes And Weight Loss Drugs For Just $99/Month To Certain Professional Personnel</a>.</li>
</ul>

Biotech

Health Care

FDMT

4D Molecular Therapeutics Stock Falls After Follow-Up Data From Mid-Stage Study Of Vision Loss Drug Candidate

Former president Donald Trump, once leading in the polls, now finds himself trailing by 4 points after a 9-point swing in the election odds <a href="https://www.benzinga.com/general/politics/24/09/40910999/trump-in-trouble-vice-president-harris-has-record-6-point-lead-in-2024-election-poll-after-debat">over the past 9 days</a>.
What Happened: The reversal comes as the race for the 2024 U.S. presidential election intensifies, with Trump losing ground after earlier momentum in August.
According to Polymarket <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1726751506928">data</a>, Trump's odds of winning the election have slipped significantly since Sep. 10, which was right before <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w">the first debate</a> with Vice President Kamala Harris.
At that time, <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40493514/donald-trump-now-leads-kamala-harris-by-5-points-after-10-point-election-odds-turnaround-i">Trump was positioned favorably</a>, but <a href="https://www.benzinga.com/general/politics/24/09/40824831/harris-vs-trump-swing-state-voters-pick-presidential-debate-winner-share-thoughts-on-immigration">unfavorable polls following the debate</a> have shifted voter sentiment and brought about the notable change in his standing.
The former President continues to slip in the election odds, with Vice President Harris building on her small lead from <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40918151/kamala-harris-edges-into-50-48-election-betting-odds-lead-but-this-billionaire-warns-he-wi">24 hours ago</a>.
Electionbettingodds.com, a <a href="https://electionbettingodds.com/">site</a> aggregating election odds from different sources, even shows an almost 8-point lead for the Vice President, who is ahead by 53.3% to Trump&#8217;s 45.6%.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40943186/cybercriminals-busted-for-243m-crypto-heist-they-spent-hundreds-of-thousands-in-night-club">Cybercriminals Busted For $243M Crypto Heist: They Spent Hundreds Of Thousands In Night Clubs And On Luxury Gifts</a>
Why It Matters: The shifting dynamics of the presidential race echo concerns raised by Anthony Scaramucci, founder of SkyBridge Capital, who has warned about the potential risks of Trump's divisive presence in the political landscape.
"Trump is a polarizing person. He's for it," <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40934959/anthony-scaramucci-says-donald-trump-is-a-polarizing-person-but-pulling-democrats-along-on">Scaramucci said at a panel</a>, highlighting how Trump's influence could further divide opinions on key issues, including cryptocurrencies and broader economic policies.
The former White House Communications Director also commented on the Vice President&#8217;s stance on cryptocurrencies, saying he is working with other bitcoin advocates on &#8220;distancing&#8221; her from SEC Chair Gary Gensler.
These developments will likely be a major topic at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will discuss how the outcome of the election could impact markets, including digital assets and the broader financial landscape.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40942247/microstrategys-bitcoin-playbook-is-becoming-a-hit-among-companies-but-theres-a-catch">MicroStrategy&#8217;s Bitcoin Playbook Is Becoming A Hit Among Companies, But There&#8217;s A Catch</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

Donald Trump Now Trails Kamala Harris By 4 Points After 9-Point Election Odds Turnaround In Only 9 Days

Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) is reportedly sweetening its pay-by-bank feature in Walmart Pay, allowing customers to pay directly from their checking accounts rather than debit cards, with transactions instantly <a href="https://www.benzinga.com/insights/news/24/09/40902098/evaluating-walmart-against-peers-in-consumer-staples-distribution-amp-retail-industry" target="_blank" rel="noreferrer noopener">reflected in their bank accounts.</a>
With this update, Walmart will receive the funds instantly, <a href="https://www.bloomberg.com/news/articles/2024-09-19/walmart-plans-instant-bank-payments-cutting-out-card-networks?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">reported</a> Bloomberg.
Walmart&#8217;s new pay-by-bank offering will be launched in 2025.
The dealings will occur over Fiserv Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>)&#8217;s NOW Network, which incorporates The Clearing House&#8217;s Real Time Payments network and the Federal Reserve&#8217;s FedNow.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, WMT stock has gained over 43.9% in the past year. Investors can gain exposure to the stock via&nbsp;SPDR Select Sector Fund &#8211; Consumer Staples (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) and&nbsp;Fidelity MSCI COnsumer Staples Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSTA#NYSE">FSTA</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40937873/walmart-steps-up-holiday-game-inflation-free-thanksgiving-meal-returns" rel="noreferrer noopener">Walmart Steps Up Holiday Game, Inflation-Free Thanksgiving Meal Returns</a>
The company is gearing up for the holiday season with new initiatives<a href="https://www.benzinga.com/pressreleases/24/09/b40931888/walmart-unveils-its-holiday-plans-with-early-shopping-deals-and-affordable-meals" target="_blank" rel="noreferrer noopener"> aimed at convenient shopping habits</a>.
Leading the charge is the return of its inflation-free Thanksgiving meal, priced lower than last year, set to launch on Oct. 14.
This year, the retailer also introduced a &#8220;buy one, give one&#8221; donation feature, allowing customers to easily contribute meals to those in need.
Walmart said it is also expanding its delivery services, reaching an additional 12 million households, which will provide enhanced speed and convenience for customers looking to shop from the comfort of their homes.
Earlier this week, Sam&#8217;s Club, the $86-billion warehouse club division of Walmart, introduced a fresh workforce compensation plan, which boosted pay for close to 100,000 frontline associates and provided guidance for <a href="https://www.benzinga.com/pressreleases/24/09/b40900897/sams-club-reimagines-workforce-compensation-launches-new-plan-focused-on-providing-more-predictabl" target="_blank" rel="noreferrer noopener">longer-term financial futures</a>.
WMT Price Action: WMT shares are trading lower by 1.35% to $77.96 at last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/40906505/walmart-division-sams-club-raises-wages-for-hourly-associates-a-strategic-move-to-stay-ahead-in-" target="_blank" rel="noreferrer noopener">Walmart Division Sam&#8217;s Club Raises Wages For Hourly Associates: A Strategic Move To Stay Ahead In Retail</a></li>
</ul>
Photo via Shutterstock.

FSTA

Walmart To Offer Pay-By-Bank Feature For Online Transactions, With Launch In 2025

Rosenblatt analyst Catharine Trebnick maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Buy and maintains $325 price target.

CRWD

Rosenblatt Maintains Buy on CrowdStrike Holdings, Maintains $325 Price Target

Energy Transfer On Pipeline Fire At La Porte, Texas, Says As Of 10:30 am On Thursday, Fire Continues To Safely Burn Itself Out As Flame Diminished Overnight; Installation Of Specialized Pipeline Isolation Equipment On Either Side Of Damaged Area Is In Process

Shares of Chinese tech giant Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) rose 3% to $87.24 Thursday afternoon after the Federal Reserve&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40944143/wall-street-breaks-records-chipmakers-rally-tesla-hits-2-month-high-as-fed-cut-drives-risk">unexpected decision</a> Wednesday to cut interest rates by 50 basis points. Shares of US-listed Chinese stocks are also possibly trading higher ahead of expectations that the People&#8217;s Bank of China will cut rates.
The Fed's move, which lowers the federal funds rate to a range of 4.75% to 5%, sparked renewed optimism for global tech stocks, particularly Baidu, which is heavily reliant on growth and innovation capital.
<h3 class="wp-block-heading">Global Liquidity Boost Favors Baidu's Innovation Initiatives</h3>
The rate cut is expected to increase global liquidity, making borrowing cheaper and more accessible. This benefits Baidu significantly, as the company has been aggressively investing in cutting-edge AI technologies, autonomous driving and cloud computing. 
Lower borrowing costs can ease financing for these capital-intensive projects, enabling Baidu to accelerate its innovation without excessive financial burden.
Analysts have long highlighted that Baidu's expansion into AI-driven businesses, such as its Apollo autonomous driving platform and Ernie AI model, requires substantial upfront investment. With the Fed's new rate trajectory suggesting more cuts ahead, the cost of capital will likely continue to fall, providing a favorable environment for Baidu to execute its strategic growth initiatives.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a>
<h3 class="wp-block-heading">Weaker U.S. Dollar Enhances Foreign Revenue</h3>
The Fed's decision has also led to a weakening U.S. dollar, which works to Baidu&#8217;s advantage. As a company with significant international exposure through its cloud services and AI products, Baidu stands to gain from a more favorable exchange rate. 
A weaker dollar boosts the purchasing power of foreign customers and increases the value of Baidu's overseas revenue when repatriated to China. This exchange-rate benefit could further improve Baidu&#8217;s earnings outlook, a key factor that investors are betting on.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">S&amp;P 500, Dow Jones Hit Record Highs: Magnificent 7 Add $400 Billion After Fed&#8217;s Historic Interest Rate Cut</a>
<h2 class="wp-block-heading">How To Buy BIDU Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Baidu&#8217;s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, BIDU has a 52-week high of $136.53 and a 52-week low of $79.69.

BIDU

Why Baidu (BIDU) Stock Is Trading Higher

<a href="https://www.globenewswire.com/Tracker?data=kXC5zwQobnwJ5tuHPOAJ6PRRMWtoTywyxfs_zeap6YEYFsLA5wSyuoSjT52Uy9zuGU9Ty-L3lVzkhL5ffGzpYbCcDhWpxxnFV7goFgHCYRQ=">Evoke Pharma, Inc.</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVOK#NASDAQ">EVOK</a>), a specialty pharmaceutical company focused primarily on treatments for gastrointestinal (GI) diseases with an emphasis on Gimoti&#xAE;&nbsp;(metoclopramide) nasal spray, reaffirms its commitment to improving the lives of patients suffering from diabetic gastroparesis in light of the recent decision by the U.S. Food and Drug Administration (FDA) to not approve Vanda Pharmaceuticals new drug application (NDA) for Tradipitant, an oral drug candidate for the treatment of symptoms in gastroparesis. Patients suffering from all forms of gastroparesis need additional agents to help treat this difficult disease, and we believe patients will be disappointed given the FDA's decision. Evoke continues to serve as a trusted partner for healthcare professionals and patients alike with its proven product, Gimoti&#xAE; (metoclopramide), the first and only FDA-approved nasal spray treatment for acute and recurrent diabetic gastroparesis in adults.

EVOK

VNDA

Evoke Pharma Reaffirms Its Commitment To Improving The Lives Of Patients Suffering From Diabetic Gastroparesis In Light Of The Recent Decision By The U.S. FDA To Not Approve Vanda Pharmaceuticals NDA For Tradipitant, An Oral Drug Candidate For The Treatment Of Symptoms In Gastroparesis

West Virginia should legalize recreational cannabis and join the growing number of states that already took that step. That's according to Huntington Mayor Steve Williams, who is a Democratic candidate for governor of the Mountain State.
Voters should weigh in on the issue via a statewide constitutional amendment, Williams said this week, <a href="https://wvmetronews.com/2024/09/18/williams-adults-should-have-a-choice-about-recreational-marijuana-morrisey-im-not-for-adding-more-drugs-into-our-state/">reported</a> WV MetroNews. He added cannabis reform would have to get the green light from the state's legislature as well, in order to become law.
"West Virginia has an opportunity to join the growing number of states, including Maryland, Ohio, Virginia and Washington, D.C., that have taken bold steps to legalize cannabis, and I believe it's time we give the people a voice on this issue," Williams said. "One avenue to move forward is to put legalization on the ballot and let voters decide."
In addition to having a positive effect on the state's tax revenues that would then be allocated to education, health care and infrastructure projects, cannabis policy change would also create more jobs while boosting businesses and tourism, Williams continued.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19113810/ccc-oct-24-banner__1_-30.gif" alt="" class="wp-image-556612" /></a></figure>
Williams also praised the benefits of a regulated cannabis industry. "By legalizing and regulating cannabis, we can create a safer, controlled environment for consumers and ensure that products are tested and free from harmful substances," he said.
Williams supports cannabis policy change in a state that's facing a grim reality as tit has the highest rate of fatal fentanyl overdoses in the nation. The trend resulted in 80.9 deaths per 100,000 people in 2022, <a href="https://www.cdc.gov/nchs/pressroom/states/westvirginia/wv.htm">according</a> to the Centers for Disease Control and Prevention (CDC).
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/03/37445551/overdose-crisis-worsens-the-rise-of-fentanyl-smoking-leads-to-even-more-deaths-than-shooting-her">Overdose Crisis Worsens: The Rise Of Fentanyl Smoking Leads To Even More Deaths Than Shooting Heroin</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h1 class="wp-block-heading">Williams' GOP Opponent Is Against Weed Legalization</h1>
That said, West Virginia Attorney General Patrick Morrisey, who secured the Republican nomination in the state governor race in May, doesn't see the legalization of cannabis as the answer to the substance use disorder crisis statewide.
Williams criticized his stance on cannabis, suggesting Morrisey is under the influence of the pharmaceutical industry.
"My opponent opposes legalization because Big Pharma opposes it," Williams said. "Patrick Morrisey wants to protect a lucrative revenue stream that has made billions for Big Pharma while wreaking havoc and bringing misery and death to West Virginia."
Interestingly, Morrisey's partisan colleague, state Senate President&nbsp;Craig Blair (R) is of a different stance, as he previously called <a href="https://www.benzinga.com/markets/cannabis/24/01/36563305/gop-state-senate-pres-pushes-for-legalized-marijuana-to-combat-west-virginias-fentanyl-crisis">for marijuana legalization</a> as a possible means to <a href="https://www.benzinga.com/markets/cannabis/24/01/36694868/another-push-to-legalize-recreational-cannabis-in-west-virginia-amid-fentanyl-crisis">address the state&#8217;s fentanyl crisis.</a>
&#8220;My gut tells me it might not happen this year," Blair&nbsp;<a href="https://wvpublic.org/firefighter-funding-cybersecurity-cannabis-discussed-at-legislative-lookahead/">said</a> at an annual event sponsored by the West Virginia Press Association. "But you're going to see it sooner than later because that is a way to combat the issue."
Either way, previous attempts to legalize recreational cannabis statewide have all failed. Del.&nbsp;Evan Hansen's (D)&nbsp;<a href="https://www.wvlegislature.gov/bill_status/bills_text.cfm?billdoc=hb4873%20intr.htm&amp;yr=2024&amp;sesstype=RS&amp;i=4873">House Bill 4873</a>, introduced in January, which&nbsp;would have legalized marijuana for adults over 21, allowed cannabis sales by licensed operators and provided labeling regulations, <a href="https://www.benzinga.com/markets/cannabis/24/01/36694868/another-push-to-legalize-recreational-cannabis-in-west-virginia-amid-fentanyl-crisis">died in a committee.</a>
Multistate medical marijuana operators that would benefit from adult-use legalization in West Virginia include Trulieve Cannabis Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>) and Verano Holdings Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VRNOF#OTC">VRNOF</a>), among others.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cannabis/24/04/38416745/three-pathways-to-federal-cannabis-legalization-that-investors-are-watching-closely">Three Pathways To Federal Cannabis Legalization That Investors Are Watching Closely</a></li>
</ul>
Photos: Shutterstock

Cannabis

Government

Regulations

Politics

TCNNF

VRNOF

Candidates For West Virginia Governor Are Split Over Weed Legalization: Here's What Voters Should Know

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and the wider digital asset market are expected to experience sustained growth following the U.S. Federal Reserve's decision to <a href="https://www.benzinga.com/markets/equities/24/09/40913751/50-or-25-bps-fed-rate-cut-markets-and-economists-at-odds-what-does-steeper-reduction-mean-for-in">cut interest rates by 50 basis points</a>, according to Geoff Kendrick, head of forex and digital assets research at Standard Chartered.
What Happened: Kendrick pointed out that while political factors, including the upcoming U.S. presidential election, still play a role, macroeconomic trends are now the primary drivers of digital asset prices, The Block <a href="https://www.theblock.co/post/317357/bitcoin-set-for-rally-after-federal-reserve-rate-cut-standard-chartered-says?utm_source=rss&amp;utm_medium=rss">reported</a>.
He noted that the recent Federal Open Market Committee (FOMC) meeting, which resulted in a rate cut, has significantly boosted digital assets.
&#8220;Post the FOMC meeting, digital assets are at the top of the pack in terms of performance, for the first time in a while,&#8221; he stated in an email on Thursday. 
He also pointed out that this surge in performance comes even as election predictions show a close contest, with Polymarket indicating a 52/47 lead for Kamala Harris.
However, Kendrick believes that the influence of the U.S. presidential election on Bitcoin's price has diminished compared to previous cycles. 
&#8220;While the U.S. election is important, macro drivers are starting to take over,&#8221; he explained. He specifically highlighted the U.S. Treasury yield curve, saying, &#8220;I watch the U.S. 2s10s curve, and a steeper U.S. yield curve is digital asset positive.&#8221;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40943186/cybercriminals-busted-for-243m-crypto-heist-they-spent-hundreds-of-thousands-in-night-club">Cybercriminals Busted For $243M Crypto Heist: They Spent Hundreds Of Thousands In Night Clubs And On Luxury Gifts</a>
The yield curve, which had been inverted since July 2022, has recently returned to a positive slope, indicating a shift in market sentiment that could further support digital asset prices. 
Kendrick also sees the potential for increased investment in spot Bitcoin exchange-traded funds (ETFs) in the coming months, which could provide additional tailwinds for the market. 
&#8220;Watch for renewed spot bitcoin exchange-traded fund inflows in October,&#8221; he added.
While the political landscape remains relevant, Kendrick emphasized that the broader macroeconomic environment, including interest rate changes and market liquidity, will have a more substantial impact on Bitcoin&#8217;s price trajectory. 
He reaffirmed his earlier forecast, predicting Bitcoin could hit new all-time highs by the end of 2024, potentially reaching $125,000 if Donald Trump wins the presidency and $75,000 if <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40878978/donald-trump-to-visit-springfield-ohio-soon-not-so-fast-polymarket-traders-say">Kamala Harris emerges victorious.</a>
This forecast exceeds <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40837412/65-of-u-s-consumers-think-crypto-could-replace-cash-in-the-future-deutsche-bank-report-fin">Deutsche Bank&#8216;s survey</a>, where only 12% of respondents expect Bitcoin to exceed $70,000 by year-end.
What&#8217;s Next: As the digital asset market continues to evolve, these macroeconomic shifts and their influence on cryptocurrency will be key topics of discussion at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will explore how regulatory changes, economic factors, and political developments are shaping the future of digital finance.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40942247/microstrategys-bitcoin-playbook-is-becoming-a-hit-among-companies-but-theres-a-catch">MicroStrategy&#8217;s Bitcoin Playbook Is Becoming A Hit Among Companies, But There&#8217;s A Catch</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

Bitcoin Could Surge After Interest Rate Cut As Macro Drivers Take Over: Standard Chartered

Skechers USA, Inc. ("Skechers" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>), The Comfort Technology Company&#x2122; and a global footwear leader, today announced that John Vandemore, Chief Financial Officer, will participate in a fireside chat at the Wells Fargo Consumer Conference in Dana Point, CA on Thursday, September 19, 2024, at 11:00 a.m. PT / 2:00 p.m. ET.
The audio portion of the fireside chat will be available live and on replay for 90 days on the Company's website at <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Finvestors.skechers.com%2F&amp;esheet=54119526&amp;newsitemid=20240912907774&amp;lan=en-US&amp;anchor=investors.skechers.com&amp;index=1&amp;md5=0ba3902a8610b4632014f0a177b26839">investors.skechers.com</a>.

Events

Watching Skechers U.S.A.; Shares Spike Lower, Co Currently Speaking At The Wells Fargo Consumer Conference Which Began At 2:00 p.m. ET

Stifel analyst Jonathan Block reiterates Elanco Animal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELAN#NYSE">ELAN</a>) with a Buy and maintains $20 price target.

ELAN

Stifel Reiterates Buy on Elanco Animal Health, Maintains $20 Price Target

NamSys GAAP EPS of C$0.01, revenue of C$1.52M

NamSys GAAP EPS of C$0.06, revenue of C$6.09M

NamSys reports Q1 results

Namsys declares CAD 0.05 special dividend

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
<a target="_blank" href="https://investorplace.com/stock-types/penny-stocks/"></a><a href="https://investorplace.com/stock-types/penny-stocks/">Penny stocks</a> are known for their extreme price fluctuations. Due to low liquidity and low market capitalization, even small changes in demand can cause drastic price swings, making them highly unpredictable. However, This volatility could lead them to one day soaring 1,000% or more, as they are under $1 penny stocks.



Furthermore, many penny stock companies are small, unproven, and may have unviable business models. Many of these companies fail, resulting in a total loss for investors. Investors assume this extreme risk while investing in penny stocks, which allows for astronomical returns of 1,000% or more.



However, I feel some under $1 penny stocks could be worth considering if one clearly understands the risks of investing in these companies. Although it is rare, some of these companies have gone on to reach greatness, and I think that these under $1 penny stocks could have a decent shot at achieving that.



<h2>NamSys (NMYSF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600b-300x169.jpg" alt="software stocks: Coding software developer work with augmented reality dashboard computer icons of scrum agile development and code fork and versioning with responsive cybersecurity"><div>Source: Shutterstock</div></div>NamSys (OTCMKTS:<a target="_blank" href="https://investorplace.com/stock-quotes/nmysf-stock-quote/">NMYSF</a>) provides integrated cash management software through a software-as-a-service model.



The company reported <a href="https://www.marketscreener.com/quote/stock/NAMSYS-INC-49479293/news/NamSys-Inc-Reports-Earnings-Results-for-the-First-Quarter-Ended-January-31-2024-46343151/" target="_blank">Q1 2024 revenue of 1.58 million</a> CAD, a 6% increase from 1.5 million in the same period last year. Net income for the quarter rose by 12% to 425,584, up from 378,864 in Q1 2023.



NamSys plans to continue <a target="_blank" href="https://markets.ft.com/data/announce/full?dockey=600-202404021715CANADANWCANADAPR_C7072-1">focusing on expanding its market reach</a> and enhancing its software offerings. The company expects steady revenue growth driven by increased adoption of its software-as-a-service solutions in the cash management industry. Specific initiatives include developing new features for their existing software and expanding into new geographical markets.



Additionally, NamSys has been <a href="https://in.marketscreener.com/quote/stock/NAMSYS-INC-49479293/news/NamSys-Inc-announces-an-Equity-Buyback-for-1-364-316-shares-representing-5-of-its-issued-share-ca-44722594/" target="_blank">actively repurchasing shares</a>, buying back 1,364,316 common shares as part of its Normal Course Issuer Bid.



The cash management niche is relatively small, and it&rsquo;s also somewhat uncommon to find a company like NMYSF operating it, which means it could have explosive growth potential for investors.



<h2>Nikola (NKLA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/nkla-stock-1600-300x169.png" alt="Nikola (NKLA) badge on the front of a matte black car"><div>Source: <a href="https://nikolamotor.com/press">Nikola Press Center</a></div></div>Nikola (NASDAQ:<a target="_blank" href="https://investorplace.com/stock-quotes/nkla-stock-quote/">NKLA</a>) focuses on electric vehicles and hydrogen fuel cells, aiming to change the transportation sector.



There has been some recent news for NKLA that suggests to me that it is on a prosperous path forward. Nikola has made significant progress in hydrogen fuel cell truck development, with orders for <a href="https://www.nikolamotor.com/nikola-corporation-reports-first-quarter-2023-results" target="_blank">140 hydrogen fuel cell trucks from 12 customers</a> in the first quarter of 2023. The company has also commissioned four HYLA hydrogen mobile fuelers to support its refueling infrastructure. In&nbsp;the most recent quarter, NKLA said it &ldquo;exceeded the high-end of [its] guidance range&rdquo; <a href="https://www.nikolamotor.com/nikola-corporation-reports-first-quarter-2024-results">via the delivery</a> of forty fuel cell electric vehicles (FCEVs).



For 2024, Nikola aims to continue expanding its hydrogen fuel cell and battery-electric vehicle (BEV) offerings. The company aims to provide 14 hydrogen fueling solutions, including modular fuelers and partner stations, by the end of 2024.



Hydrogen vehicles could become a viable alternative to electric vehicles, giving NKLA immense potential.



<h2>Western Forest Products (WFSTF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/06/timber-wood-1600-300x169.jpg" alt="photo of walking space between two very tall stacks of processed timber"><div>Source: shutterstock.com/Free Belarus</div></div>Western Forest Products (OTCMKTS:<a target="_blank" href="https://investorplace.com/stock-quotes/wfstf-stock-quote/">WFSTF</a>) manufactures high-quality wood products and sustainably managed forests, offering a solid financial profile.



The company reported <a href="https://www.westernforest.com/wp-content/uploads/2024/02/NR-Results-2024-Q1.pdf" target="_blank">Q1 2024 revenue of 239.5 million</a> CAD, surpassing the consensus estimate of 231 million. The company posted a net loss of 8 million for the quarter, resulting in a loss per share of 0.02 CAD, which matched analyst expectations. Adjusted EBITDA for the quarter was negative 4.2 million&#8203;.



The company operates seven sawmills, four remanufacturing facilities, and two glulam manufacturing facilities, with a lumber capacity exceeding 1 billion board feet.&nbsp;



The future looks bright for WFSTF thanks to its tiny market capitalization and stable financials. Also, Western Forest Products is implementing further cost-saving measures and aims to enhance its production capabilities throughout the year, which I think will help it break even.



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>.
<div>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.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/06/penny-stock-powerhouses-3-under-1-picks-set-to-soar-1000/">Penny Stock Powerhouses: 3 Under-$1 Picks Set to Soar 1,000%</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Penny Stock Powerhouses: 3 Under-$1 Picks Set to Soar 1,000%

NamSys GAAP EPS of C$0.02, revenue of C$1.66M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The market rally is causing investors to become more and more aggressive recently, and I believe this trend could accelerate as the rally continues. Thus, it seems to be a good time to buy some speculative stocks. Sub-$1 <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> are as speculative as you can get in the stock market. It&rsquo;s not enough for the stock to be listed on any major exchange, so we&rsquo;re almost dealing with pure pink sheets here, except for two stocks.



These companies have very little information about them available online and are rarely covered by analysts. Regardless, if these companies land big contracts or capture a good amount of market share in their sectors, you can easily realize 10,000%-plus gains from them in a short amount of time. The inverse is also true, so you should be very careful about what you&rsquo;re putting your money into. You&rsquo;ll only find lottery tickers below $1.



So, let&rsquo;s explore the seven sub-$1 penny stocks that may be worthy of consideration. 



<h2>NamSys (NMYSF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/03/bonus-pay-money-300x169.jpg" alt="100 dollar bills being passed from one hand to the other. Can represent stimulus checks or payment. millionaire-maker stocks"><div>Source: Maryna Pleshkun/Shutterstock.com</div></div>NamSys Inc. (OTCMKTS:<a href="https://investorplace.com/stock-quotes/nmysf-stock-quote/">NMYSF</a>) provides cloud-based cash management and currency processing software solutions, primarily serving the banking and retail sectors in North America. It has a SaaS business model, which is driving robust recurring revenue growth.



The company <a href="https://www.google.com/finance/quote/CTZ:CVE" target="_blank">reported total revenue of 1.66 million CAD</a> for the quarter, up an impressive 9.3% year-over-year (YOY). Notably, recurring revenue from software subscriptions, hosted services and product support surged 9.2% to 1.64 million CAD. Its flagship Cirreon Smart Safe platform is also very sticky and has little customer churn. Additionally, gross margins expanded by 1.8 percentage points to a healthy 63%.



While the stock has treaded water over the past five years, NamSys&rsquo; accelerating financial momentum could be the catalyst to propel shares significantly higher going forward.



<h2>MariaDB (MRDB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/cloud1600c-300x169.jpg" alt="image of a cloud surrounded by various symbols related to internet connectivity and interaction"><div>Source: Shutterstock</div></div>MariaDB (NYSE:<a href="https://investorplace.com/stock-quotes/mrdb-stock-quote/">MRDB</a>) is a cutting-edge cloud database company providing businesses with an open-source relational database solution. MRDB&rsquo;s flagship product offers cross-cloud flexibility and universal accessibility that appeals to organizations of all sizes. Developers praise its intuitive design, adaptability and game-changing impact within the open-source domain. In fact, it&rsquo;s been <a href="https://mariadb.com/database-topics/mariadb-vs-mysql/" target="_blank">downloaded over one billion times to date</a> and has dethroned MySQL as the go-to in Linux distributions.



Despite a rocky five-year stock performance, MariaDB seems to be orchestrating an impressive turnaround in recent months. Shares have skyrocketed more than 100% year-to-date (YTD). So, if the company can sustain its current growth trajectory, this rally could still have plenty of runway ahead.



Admittedly, gaping losses have been MariaDB&rsquo;s Achilles heel in years past. However, management deserves kudos for slashing those deficits dramatically over the last three quarters. In Q1 of 2024, net losses <a href="https://www.google.com/finance/quote/MRDB:NYSE" target="_blank">narrowed</a> to $3.5 million from $17.6 million two quarters ago. Similarly, the operating cash burn was more than halved to $7.2 million.



Now, MariaDB is by no means out of the woods just yet. Liquidity concerns can&rsquo;t be brushed aside. But if the company continues executing on its streamlining initiatives while driving breakneck top-line expansion, MRDB could deliver big upside.



<h2>5G Networks (MLBEF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/04/global-earth-connections-mapped-300x169.jpg" alt="Global network of map points"><div>Source: Blue Planet Studio/Shutterstock.com</div></div>While the &ldquo;5G&rdquo; in its name may confuse some investors, the company actually has no relation to the 5G cellular standard rollout by telcos. Instead, 5G Networks (OTCMKTS:<a href="https://investorplace.com/stock-quotes/mlbef-stock-quote/">MLBEF</a>) is determined to be the one-stop-shop for Oceania businesses&rsquo; entire cloud and connectivity needs. The <a href="https://5gnetworks.au/news/webcentral-and-5g-networks-agree-to-merge/" target="_blank">merger with Webcentral</a> has created Australia&rsquo;s largest independent provider in this space. It now commands over 330,000 customers.



<a href="https://www.google.com/finance/quote/5GN:ASX" target="_blank">Revenues were 96.1 million AUD</a>, which was basically flat for all of 2023. However, the company trimmed losses by 23.57%. I believe it has enough cash to handle losses until it turns profitable since the company is already giving cash back to shareholders. Also, 5G Networks has announced the cancellation of 816,123 of its ordinary fully paid shares following an on-market buy-back process concluded on June 28, 2024. It repurchased a total of 3,678,256 ordinary fully paid shares on the previous trading day. This is part of a larger cumulative buy-back of 20,943,629 shares to date, as <a href="https://www.tipranks.com/news/company-announcements/5g-networks-limited-continues-share-buy-back-4" target="_blank">reported by TipRanks</a>.



I personally think this is a bit premature, given the company hasn&rsquo;t achieved profitability yet. However, it is still promising.



<h2>Zoomd Technologies (ZMDTF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/12/digital_marketing_16-300x169.png" alt="a photo of someone typing on a laptop on a wooden table with computer-related images"><div>Source: My Life Graphic/Shutterstock.com</div></div>Zoomd Technologies (OTCMKTS:<a href="https://investorplace.com/stock-quotes/zmdtf-stock-quote/">ZMDTF</a>) is a rising star in the marketing technology arena. Based on their latest earnings report, I believe this sub-$1 penny stock has the potential for explosive growth. The company&rsquo;s revenue <a href="https://zoomd.com/zoomd-technologies-reports-first-quarter-2024-financial-results/" target="_blank">increased by 16%</a> compared to the previous quarter, and profitability is finally within reach after six consecutive quarters of net losses.



Last year, management made tough but necessary strategic decisions to refocus the business. Those moves are clearly paying off. Operating profit surged nearly 950% quarter-over-quarter to $0.6 million. Adjusted EBITDA also skyrocketed by $1 million to reach $1.2 million. ZMDTF achieved this while keeping capital expenditures steady, showing an impressive ability to drive higher returns without overextending.



With a cash balance of $2.3 million and no long-term debt, Zoomd Technologies looks well-positioned to capitalize on the booming digital advertising market. Its unified user acquisition platform should see robust demand as more businesses shift ad dollars online.



<h2>OneMeta (ONEI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/software1600d-300x169.jpg" alt="A man examines a digital screen with different icons for software."><div>Source: Shutterstock</div></div>OneMeta (OTCMKTS:<a href="https://investorplace.com/stock-quotes/onei-stock-quote/">ONEI</a>) aims to break down global communication barriers with AI-powered software. The company reported a tiny revenue of <a href="https://www.google.com/finance/quote/ONEI:OTCMKTS" target="_blank">$5,387 for the first quarter of 2024</a>, a 70% increase compared to the same period last year.



Despite the losses, I believe OneMeta holds good potential. Their flagship product transforms smartphones into personal translators. This technology could revolutionize international communication. In April 2024, they <a href="https://www.accesswire.com/856368/onemeta-begins-translation-services-for-the-archdiocese-of-oklahoma-city" target="_blank">began</a> providing translation services for the Archdiocese of Oklahoma City. Also, they claimed to have reduced translation and transcription speed to under 200 milliseconds.



However, you should keep the risks in mind. The company operates in a competitive space, with tech giants heavily investing in translation technologies.



Nonetheless, OneMeta&rsquo;s stock has surged 117% over the past year. If the company can effectively scale its services and show a clear roadmap to profitability, I believe OneMeta could become a major player in the global communication space.



<h2>Skkynet Cloud Systems (SKKY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/cloud-computing-300x169.jpg" alt="an image of a cloud imprinted on a circuit board lit up by blue circuit lights. AVCT stock. cloud computing stocks"><div>Source: Blackboard / Shutterstock</div></div>Skkynet Cloud Systems (OTCMKTS:<a href="https://investorplace.com/stock-quotes/skky-stock-quote/">SKKY</a>) provides industrial companies with real-time data and cloud solutions. The market for these services is growing strongly due to the AI and machine learning boom. Startups like Skkynet Cloud Systems are well-positioned to benefit from this trend as more companies look to diversify their cloud operations beyond Big Tech providers.



In Q2 of fiscal year 2024, Skkynet&rsquo;s <a href="https://seekingalpha.com/filings/pdf/17621353" target="_blank">revenue increased 28% YOY to $601,806</a>. While still a small company, this growth is encouraging. However, losses did expand.



SKKY ended the quarter with $1.03 million in cash, up from $916,780 in October 2023. Its balance sheet looks clean, with minimal liabilities. Deferred revenue, a key indicator of future growth, stands at $372,451.



While still losing money, I&rsquo;m optimistic about the company&rsquo;s prospects in the fast-growing industrial cloud space. If it can continue scaling rapidly and win new enterprise contracts, we could see this sub-$1 stock deliver explosive returns in the coming years.



<h2>Global Mofy Metaverse (GMM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/metaverse-1600-300x169.png" alt="Illustration of the metaverse. A young boy wearing a VR headset is in the metaverse."><div>Source: PopTika / Shutterstock</div></div>Global Mofy Metaverse Limited (NASDAQ:<a href="https://investorplace.com/stock-quotes/gmm-stock-quote/">GMM</a>) is a technology solutions company focused on virtual content for the metaverse. While I see immense potential in this burgeoning industry, the metaverse remains a niche market that may be ahead of its time for mainstream adoption.



However, Global Mofy Metaverse&rsquo;s recent moves and financial results suggest it could be a pioneer in this space. The company&rsquo;s <a href="https://www.stocktitan.net/news/GMM/global-mofy-metaverse-launches-69-million-fund-with-strategic-rycf3kvnexo2.html" target="_blank">$69 million fund launch</a> could lead to aggressive growth.



Plus, I&rsquo;m optimistic about the partnership between GMM&rsquo;s subsidiary, Gauss AI, and Heartdub to develop a generative video AI platform, which could lead to something meaningful. Global Mofy Metaverse&rsquo;s record fiscal 2023 revenue of $26.9 million is pretty solid for a penny stock.



Regardless, the price is below Nasdaq&rsquo;s $1 minimum, so keep an eye out for a reverse split.



On Penny Stocks and Low-Volume Stocks:&#8239;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&#8239;InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.



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



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>



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>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>.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/7-sub-1-penny-stocks-with-10000-upside-potential/">7 Sub-$1 Penny Stocks With 10,000% Upside Potential</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Sub-$1 Penny Stocks With 10,000% Upside Potential

MLBEF

MRDB

NKLA

NMYSF

ONEI

SKKY

WFSTF

ZMDTF

NamSys

AAGC

AAGIY

AAWC

ABCE

ABNAF

ABVC

ACAM

ACCA

ACCR

ACMC

ACRFF

AERG

AERO

AFPW

AGFAF

AGHI

AGLDF

AHELF

AINSF

AIRT

ALAN

ALPE

ALPP

ALST

AMBS

AMHPF

AMMX

AMPG

Stocks That Hit 52-Week Lows On Tuesday

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Latest news for NamSys (OTC:NMYSF) Stock

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