Top Stories https://www.benzinga.com/views/taxonomy/term/138079 en Alibaba, Nio Surge Over 6%: Hang Seng Soars As It Plays Catch-Up With Wall Street After Holiday https://www.benzinga.com/markets/asia/22/10/29148431/alibaba-nio-surge-over-6-hang-seng-soars-as-it-tries-to-play-catch-up-game-with-wall-street-after-ho <p>Hong Kong markets opened on a strong note on Wednesday morning, taking cues from an upbeat Wall Street session where major indices closed about 3% higher. The <a href="https://www.benzinga.com/markets/asia/22/10/29112038/alibaba-nio-shares-fall-no-respite-for-hang-seng-as-pessimism-continues-on-wall-street">benchmark Hang Seng index</a> traded 5% higher in the opening session following a holiday on Tuesday.</p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:400px"> <caption>Hong Kong Stocks Today</caption> <thead> <tr> <th scope="col"><strong>Stock</strong></th> <th scope="col">Movement</th> </tr> </thead> <tbody> <tr> <td><strong>Alibaba </strong><strong>Group Holding </strong><strong>Ltd.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>)&nbsp;</td> <td>7.08%</td> </tr> <tr> <td><strong>JD.com </strong><strong>Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>)</td> <td>9.2%</td> </tr> <tr> <td><strong>Baidu Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>)</td> <td>7.34%</td> </tr> <tr> <td><strong>Tencent Holdings </strong><strong>Ltd.</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tcehy#OTC">TCEHY</a>) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</td> <td>4.85%</td> </tr> <tr> <td><strong>Meituan</strong> (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mpngf#OTC">MPNGF</a>)</td> <td>6.8%</td> </tr> <tr> <td><strong>Nio Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nio#NYSE">NIO</a>)</td> <td>6.45%</td> </tr> <tr> <td><strong>X</strong><strong>P</strong><strong>eng Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xpev#NYSE">XPEV</a>)</td> <td>0.11%</td> </tr> <tr> <td><strong>Li Auto </strong><strong>Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/li#NASDAQ">LI</a>)</td> <td>7.37%</td> </tr> </tbody> </table> <p>Shares of Alibaba traded over 7% higher, while JD.com&#39;s stock soared over 9%. ...</p><p><a href=https://www.benzinga.com/markets/asia/22/10/29148431/alibaba-nio-surge-over-6-hang-seng-soars-as-it-tries-to-play-catch-up-game-with-wall-street-after-ho alt=Alibaba, Nio Surge Over 6%: Hang Seng Soars As It Plays Catch-Up With Wall Street After Holiday>Full story available on Benzinga.com</a></p> Asia BABA Chinese EV Stocks Chinese tech Stocks electric vehicles Eurasia EVs Hang Seng Hong Kong stock market JD News NIO XPEV Top Stories Markets Movers Tech Trading Ideas BABA JD NIO XPEV News Asia Top Stories Markets Movers Tech Trading Ideas Benzinga Wed, 05 Oct 2022 03:35:00 +0000 Bhavik Nair 29148431 at https://www.benzinga.com Trump Wants The Supreme Court To Have Its Say In The Mar-A-Lago Documents Case https://www.benzinga.com/news/22/10/29148166/trump-wants-the-supreme-court-to-have-its-say-in-the-mar-a-lago-documents-case <p><strong>Donald Trump </strong>and his legal team are requesting that the U.S. Supreme Court review a stay issued by the 11th Circuit of Appeals in the <a href="https://www.benzinga.com/topic/mar-a-lago" style="text-decoration-line:none">Mar-a-Lago documents case.</a>&nbsp;</p> <p><strong>What Happened: </strong>The lawyers for the former president said the 11th Circuit lacked jurisdiction to stay the special master&rsquo;s review of the documents, according to court documents <a href="https://www.npr.org/2022/10/04/1124869576/trump-asks-the-supreme-court-to-resolve-mar-a-lago-document-dispute">seen</a> by NPR.</p> <p>In an application to vacate the stay of the order, filed before the Supreme Court, Trump&rsquo;s lawyers said, &ldquo;In sum, the Government has attempted to criminalize a document ...</p><p><a href=https://www.benzinga.com/news/22/10/29148166/trump-wants-the-supreme-court-to-have-its-say-in-the-mar-a-lago-documents-case alt=Trump Wants The Supreme Court To Have Its Say In The Mar-A-Lago Documents Case>Full story available on Benzinga.com</a></p> Donald Trump DWAC Mar-A-Lago News U.S. Supreme Court Politics Legal Top Stories Media General DWAC News Politics Legal Top Stories Media General Benzinga Wed, 05 Oct 2022 01:42:09 +0000 Shivdeep Dhaliwal 29148166 at https://www.benzinga.com This Chipmaker Plans To Invest $100B In New York To Create Cutting Edge Memory Tech — And 50,000 Jobs https://www.benzinga.com/news/22/10/29148034/this-chip-manufacturer-plans-to-invest-up-to-100-billion-in-new-york-over-next-20-years-50-000-jobs <p>U.S.-based chip-manufacturer&nbsp;<strong>Micron Technology, Inc.</strong>&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/mu#NASDAQ" target="_blank">MU</a>) has plans to invest up to $100 billion over the next 20 years to construct a new mega fab in Clay, New York, with the first phase investment of $20 billion planned by the end of this decade.</p> <p>The new factory will increase the domestic supply of leading-edge memory and create nearly 50,000 New York jobs, including approximately 9,000 high-paying Micron jobs, it said in a statement.</p> <p><em>Read Also:&nbsp;</em><a href="https://www.benzinga.com/money/how-to-buy-mu-stock" target="_blank"><em>How To Buy Micron Technology, Inc. (MU) Stock</em></a></p> <p><strong>Strategy</strong>: Micron&rsquo;s New York mega ...</p><p><a href=https://www.benzinga.com/news/22/10/29148034/this-chip-manufacturer-plans-to-invest-up-to-100-billion-in-new-york-over-next-20-years-50-000-jobs alt=This Chipmaker Plans To Invest $100B In New York To Create Cutting Edge Memory Tech — And 50,000 Jobs>Full story available on Benzinga.com</a></p> chipmakers INTC MU new york News semiconductors Top Stories Tech INTC US4581401001 MU US5951121038 News Top Stories Tech Benzinga Wed, 05 Oct 2022 01:35:25 +0000 Bhavik Nair 29148034 at https://www.benzinga.com Dogecoin Outstrips Bitcoin, Ethereum — Analyst Says 'Relief Rally In Q4 is On The Horizon' For This Major Coin https://www.benzinga.com/markets/cryptocurrency/22/10/29148029/dogecoin-gains-eclipse-bitcoin-ethereum-spike-analyst-says-relief-rally-in-q4-is-on-the-ho <p>Cryptocurrencies were seen spiking on Tuesday evening as the global cryptocurrency market cap rose 2.7% to $970 billion at 8:17 p.m. EDT.</p> <table border=""> <caption>Price Performance Of Major Coins</caption> <thead> <tr> <th scope="">Coin</th> <th scope="">24-hour</th> <th scope="">7-day</th> <th scope="">Price</th> </tr> </thead> <tbody> <tr> <td><strong>Bitcoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td> <td>3.2%</td> <td>5.9%</td> <td>$20,286.32</td> </tr> <tr> <td><strong>Ethereum</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td> <td>2.9%</td> <td>2.4%</td> <td>$1,363.23</td> </tr> <tr> <td><strong>Dogecoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td> <td>8.55%</td> <td>7.9%</td> <td>$0.065</td> </tr> </tbody> </table> <table border=""> <caption>Top 24-Hour Gainers (Data via CoinMarketCap)</caption> <thead> <tr> <th scope="">Cryptocurrency</th> <th scope="">24-Hour % Change (+/-)</th> <th scope="">Price</th> </tr> </thead> <tbody> <tr> <td><strong>Convex Finance</strong> (CVX)</td> <td>+9.5%</td> <td>$5.39</td> </tr> <tr> <td><strong>Dogecoin</strong> (DOGE)</td> <td>+8.4%</td> <td>$0.065</td> </tr> <tr> <td><strong>Elrond</strong> (EGLD)</td> <td>+6.1%</td> <td>​​$55.35</td> </tr> </tbody> </table> <p><em>See Also: </em><a href="https://www.benzinga.com/money/how-to-get-free-nfts/" style="text-decoration-line:none"><em>How To Get Free NFTs</em></a></p> <p><strong>Why It Matters:&nbsp;</strong>Cryptocurrencies tracked gains in stocks on Tuesday, as the S&amp;P 500 and Nasdaq closed 3.1% and 3.3% higher, respectively. At the time of writing, U.S. stock futures were marginally in the red.</p> <p>The return of risk appetite was triggered by PMI numbers released this week, which indicate weakness. Traders speculated that this could prompt central banks to become more dovish.</p> <p>&ldquo;If that sounds like straw clutching, it&#39;s probably because it is but then, equity markets have had a rough ride of late and that can&#39;t last forever,&rdquo; said&nbsp;<strong>Craig Erlam</strong>, a senior market analyst with OANDA.&nbsp;</p> <p>Notably, on Tuesday, the&nbsp;<strong>Reserve Bank of Australia</strong>&nbsp;hiked interest rates by a smaller-than-expected 25 basis points, pointing to previous substantial hikes,&nbsp;<a href="https://www.reuters.com/markets/asia/australias-central-bank-raises-rates-by-smaller-than-expected-25bp-2022-10-04/" target="_blank">reported</a>&nbsp;Reuters.&nbsp;</p> <p>&ldquo;The slight disconnect between ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/22/10/29148029/dogecoin-gains-eclipse-bitcoin-ethereum-spike-analyst-says-relief-rally-in-q4-is-on-the-ho alt=Dogecoin Outstrips Bitcoin, Ethereum — Analyst Says &#039;Relief Rally In Q4 is On The Horizon&#039; For This Major Coin>Full story available on Benzinga.com</a></p> $BTC $DOGE $ETH Bitcoin Cryptocurrency dogecoin Ethereum News TSLA Top Stories Markets Movers Trading Ideas TSLA US88160R1014 $ETH $BTC $DOGE News Cryptocurrency Top Stories Markets Movers Trading Ideas Benzinga Wed, 05 Oct 2022 01:15:46 +0000 Shivdeep Dhaliwal 29148029 at https://www.benzinga.com 'Greater Competition In Traditional Gaming': Microsoft Says Sony And Nintendo Will Benefit From Activision Acquisition https://www.benzinga.com/general/gaming/22/10/29146276/greater-competition-in-traditional-gaming-microsoft-says-sony-and-nintendo-will-benefit-from-activ <p>A planned acquisition of a leading video game publisher and console maker has faced regulatory hurdles. The acquirer was taking steps to help make the deal move forward, including creating a new landing page.</p> <p><strong>What Happened: </strong>As it faced&nbsp;<a href="https://www.benzinga.com/government/22/09/28894165/microsoft-activision-deal-draws-regulatory-attention">regulatory hurdles</a>, <strong>Microsoft Corporation </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) launched a new page to share information on its planned acquisition of <strong>Activision Blizzard, Inc.&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/atvi#NASDAQ">ATVI</a>).</p> <p>Microsoft outlined&nbsp;its vision for gaming being &ldquo;more choice and more games for people everywhere.&rdquo;</p> <p>The new <a href="https://news.microsoft.com/activision-blizzard-acquisition/">website</a>, which was highlighted by <a href="https://www.ign.com/articles/xbox-website-benefits-activision-blizzard-buyout">IGN</a>, painted&nbsp;the acquisition of Activision Blizzard as part of Microsoft&rsquo;s strategy of helping gamers.</p> <p><strong>&ldquo;We want to enable people to play games anywhere, anytime and on any device. And developers deserve more options to build, distribute and monetize their groundbreaking games. When we do this, we all win,&rdquo; Microsoft said.</strong></p> <p>The company said it created the website to share more on the gaming industry and how the<a href="https://www.benzinga.com/m-a/22/01/25085612/microsoft-to-acquire-activision-in-68-7b-deal-what-investors-need-to-know"> planned $68.7 billion</a> ($95 per share) acquisition fit&nbsp;into Microsoft&rsquo;s gaming strategy.</p> <p>Microsoft highlighted&nbsp;the acquisition as being positive for gamers, game creators and the overall game industry.</p> <p>The company argued&nbsp;the acquisition ...</p><p><a href=https://www.benzinga.com/general/gaming/22/10/29146276/greater-competition-in-traditional-gaming-microsoft-says-sony-and-nintendo-will-benefit-from-activ alt=&#039;Greater Competition In Traditional Gaming&#039;: Microsoft Says Sony And Nintendo Will Benefit From Activision Acquisition>Full story available on Benzinga.com</a></p> ATVI Call of Duty Gaming Government MSFT News NTDOY Phil Spencer PlayStation Regulations SONY Video GAme Consoles Video Game Stocks video games xbox Top Stories After-Hours Center Trading Ideas General ATVI US00507V1098 MSFT US5949181045 NTDOY US6544453037 SONY News Government Regulations Gaming Top Stories After-Hours Center Trading Ideas General Benzinga Tue, 04 Oct 2022 22:48:09 +0000 Chris Katje 29146276 at https://www.benzinga.com Trading Credit Suisse's Technical Levels As Markets Sweat The Bank's Future https://www.benzinga.com/markets/penny-stocks/22/10/29146881/trading-credit-suisses-technical-levels-as-markets-sweat-the-banks-future <p>It is hard to imagine that <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/10/29122015/one-analyst-calls-credit-suisses-capital-liquidity-healthy-another-warns-of-an-impe">Monday&#39;s news cycle</a> on&nbsp;<strong>Credit Suisse Group AG</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cs#NYSE">CS</a>)&nbsp;would have a positive impact on <a href="https://www.benzinga.com/quote/CS">the issue</a> and perhaps on global markets as well. But&nbsp;it has.</p> <p>What are the possible implications for the beleaguered&nbsp;stock from a technical perspective?</p> <p><strong>Long-Term Loser:</strong> What so many investors do not comprehend is how some have issues have traded in the past. Many of these stocks&nbsp;peaked ahead of the financial crisis in 2008, and Credit Suisse was one of them.</p> <p>In May 2007, the issue peaked at $79.26 but weakened at the end of that year and&nbsp;closed at $60.07. The issue did put in a tradeable bottom in March 2020 at $6.47 and more than doubled when it rallied in February 2021 at $14.95.</p> <p>At Monday&rsquo;s low ...</p><p><a href=https://www.benzinga.com/markets/penny-stocks/22/10/29146881/trading-credit-suisses-technical-levels-as-markets-sweat-the-banks-future alt=Trading Credit Suisse&#039;s Technical Levels As Markets Sweat The Bank&#039;s Future>Full story available on Benzinga.com</a></p> CS Penny Stocks PreMarket Prep Technicals Top Stories Movers Trading Ideas CS US2254011081 Penny Stocks Technicals Top Stories Movers Trading Ideas Benzinga Tue, 04 Oct 2022 22:03:46 +0000 Joel Elconin 29146881 at https://www.benzinga.com Twitter Rallies 22% After Elon Musk Renews $44B Buyout Proposal; Company Says It Intends To Accept Offer https://www.benzinga.com/m-a/22/10/29144153/twitter-rallies-22-after-elon-musk-renews-44b-buyout-proposal <p><strong>Elon Musk</strong> and his team of advisors <a href="https://www.benzinga.com/news/large-cap/22/10/29140842/facing-trial-with-twitter-elon-musk-offers-original-54-20-buyout-price">sent a letter</a> to <strong>Twitter Inc&rsquo;s</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) litigation staff Monday stating Musk would like to proceed with the acquisition of Twitter at $54.20 per share, or $44 billion, according to a 13D <a href="https://www.sec.gov/Archives/edgar/data/1418091/000110465922105787/tm2227435d1_sc13da.htm">filing</a> Musk made Tuesday with the Securities and Exchange Commission.&nbsp;</p> <p>The letter predicates the offer upon the Delaware Chancery Court entering an immediate stay in the lawsuit Twitter filed against Musk after he backed out of the deal in July, citing concerns such as misrepresentation of <a href="https://www.benzinga.com/news/22/05/27243477/elon-musk-estimates-at-least-20-of-twitter-users-are-fake-alleges-microblogging-cos-filings-are-not">the number of spam accounts on the platform</a>.&nbsp;</p> <p>Twitter said it received Musk&#39;s letter and ...</p><p><a href=https://www.benzinga.com/m-a/22/10/29144153/twitter-rallies-22-after-elon-musk-renews-44b-buyout-proposal alt=Twitter Rallies 22% After Elon Musk Renews $44B Buyout Proposal; Company Says It Intends To Accept Offer>Full story available on Benzinga.com</a></p> Elon Musk M&A News Social Media TSLA TWTR Top Stories Movers Media Trading Ideas General TSLA US88160R1014 TWTR US90184L1026 News M&A Social Media Top Stories Movers Media Trading Ideas General Benzinga Tue, 04 Oct 2022 20:42:05 +0000 AJ Fabino 29144153 at https://www.benzinga.com EXCLUSIVE: Longtime Tesla Bear Says Cathie Wood Is A Destroyer Of Capital, '100% Incorrect' About Elon Musk-Led Company https://www.benzinga.com/trading-ideas/short-ideas/22/10/29142989/longtime-tesla-bear-says-cathie-wood-is-a-destroyer-of-capital-heres-why-ark-has-been-1 <p>A longtime <strong>Tesla Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) bear is poking&nbsp;holes&nbsp;in the investing approach of&nbsp;one of Wall Street&#39;s&nbsp;biggest Tesla bulls.</p> <p><strong>What Happened:</strong>&nbsp;GLJ Research&#39;s&nbsp;<strong>Gordon Johnson</strong> called out Ark Invest&#39;s<strong> Cathie Wood</strong> for what he views as a&nbsp;flawed<a href="https://www.benzinga.com/trading-ideas/long-ideas/22/09/29035761/cathie-woods-confidence-in-tesla-couldnt-be-higher-as-the-elon-musk-led-company-sits-in-"> investment approach</a> Tuesday on Benzinga&#39;s YouTube show &quot;<a href="https://www.youtube.com/watch?v=bic_kywZM88">Stock Market Movers</a>.&quot;</p> <p>&quot;Cathie Wood has been&nbsp;among the biggest destroyers of capital we&#39;ve ever seen ... she needs to start being asked&nbsp;real, hard, tough questions,&quot; Johnson said.&nbsp;</p> <p><strong>Johnson Says No Movement On Robotaxis: </strong><a href="https://www.benzinga.com/trading-ideas/long-ideas/22/10/29129321/cathie-wood-proves-she-is-bullish-on-elon-musks-tesla-buys-32-million-in-stock">Wood increased her Tesla position</a> on Monday with the stock lagging the broader market after the <strong>Elon Musk</strong>-led company&nbsp;reported&nbsp;third-quarter vehicle&nbsp;deliveries below analyst estimates.&nbsp;</p> <p>Johnson noted that investors should be asking her why she&#39;s buying. Wood&#39;s popularity rose&nbsp;after making early calls on Tesla&#39;s future. She was right&nbsp;about the trajectory of Tesla&nbsp;shares, but her thesis was wrong, Johnson said.&nbsp;</p> <p>&quot;Her entire thesis fundamentally was robotaxis and they&#39;ve done nothing there. She&#39;s been 100% incorrect,&quot; he ...</p><p><a href=https://www.benzinga.com/trading-ideas/short-ideas/22/10/29142989/longtime-tesla-bear-says-cathie-wood-is-a-destroyer-of-capital-heres-why-ark-has-been-1 alt=EXCLUSIVE: Longtime Tesla Bear Says Cathie Wood Is A Destroyer Of Capital, &#039;100% Incorrect&#039; About Elon Musk-Led Company>Full story available on Benzinga.com</a></p> Analyst Color ARKK Cathie Wood electric vehicles Elon Musk Gordon Johnson TSLA Short Ideas Top Stories Analyst Ratings Trading Ideas TSLA US88160R1014 ARKK Analyst Color Short Ideas Top Stories Analyst Ratings Trading Ideas Benzinga Tue, 04 Oct 2022 19:51:27 +0000 Adam Eckert 29142989 at https://www.benzinga.com Much Wow: Elon Musk Revives $44B Twitter Offer, Keeps Dogecoin Out Of Doghouse https://www.benzinga.com/markets/cryptocurrency/22/10/29142906/much-wow-elon-musk-avoids-court-keeps-dogecoin-out-of-doghouse <p><strong>Dogecoin</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) skyrocketed&nbsp;over 10% between noon and 1 p.m. Tuesday before beginning to consolidate slightly down off the 24-hour high of $0.0665.</p> <p>The sudden surge was <a href="https://www.benzinga.com/news/large-cap/22/10/29140842/facing-trial-with-twitter-elon-musk-offers-original-54-20-buyout-price">prompted by news</a>&nbsp;that&nbsp;<strong>Tesla, Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO&nbsp;<strong>Elon Musk&rsquo;s</strong> offer to purchase <strong>Twitter, Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) for $54.20 per share is back on the table. Musk&nbsp;attempted to back out of deal in July, prompting a lawsuit from Twitter, and is&nbsp;set to wind up in court on Oct. 17 for the trial.&nbsp;</p> <p>Musk, a <a href="https://www.benzinga.com/how-to-buy-dogecoin-doge">Dogecoin</a> bull, has shown openness to integrating the Shiba Inu-based crypto onto Twitter, and if he follows through this time, and becomes owner of the social media company, Dogecoin&rsquo;s utility could increase.</p> <p>Technically speaking, Dogecoin looked set to trade higher because the crypto had printed a triple bottom pattern at the $0.058 mark.</p> <p>A double bottom pattern is a reversal indicator that shows a stock or crypto has dropped to a key support level, rebounded, back tested the level as support and is likely to rebound again. It is possible the stock may retest the level as support again, creating a triple or even quadruple bottom pattern.</p> <p>The formation is ...</p><p><a href=https://www.benzinga.com/markets/cryptocurrency/22/10/29142906/much-wow-elon-musk-avoids-court-keeps-dogecoin-out-of-doghouse alt=Much Wow: Elon Musk Revives $44B Twitter Offer, Keeps Dogecoin Out Of Doghouse>Full story available on Benzinga.com</a></p> $DOGE Cryptocurrency Elon Musk Long Ideas TSLA TWTR Short Ideas Technicals Top Stories Markets Trading Ideas TSLA US88160R1014 TWTR US90184L1026 $DOGE Long Ideas Cryptocurrency Short Ideas Technicals Top Stories Markets Trading Ideas Benzinga Tue, 04 Oct 2022 19:36:49 +0000 Melanie Schaffer 29142906 at https://www.benzinga.com EXCLUSIVE: Top 10 Stocks Searched On Benzinga Pro In September: Where Do Tesla, Apple, Bed Bath & Beyond Rank? https://www.benzinga.com/markets/penny-stocks/22/10/29139961/exclusive-top-ten-stocks-searched-on-benzinga-pro-in-september-where-do-tesla-apple-and-bed- <p>Each trading day features hundreds of headlines and press releases on<strong> </strong>Benzinga Pro, a source for traders to see the latest news on the overall market and individual tickers.</p> <p><strong>Here is a look at the most-searched-for stocks on <a href="https://pro.benzinga.com/feature/newsfeed/?gspk=bHVrZWphY29iaTUzNDg&amp;gsxid=tdEE0VrK8Jeg&amp;ref=lukejacobi5348">Benzinga Pro</a> in the month of September.</strong> Year-to-date values and the current price are calculated with an end date of Sept. 30. Returns do not include dividends.</p> <p><strong>1. SPDR S&amp;P 500 ETF Trust </strong>(ARCA: SPY)</p> <p>YTD Return: -25.0%</p> <p>52-Week Range: $357.04 to $479.98</p> <p>Current Price: $357.18</p> <p>The leading ETF that tracks the S&amp;P 500 was the <a href="https://www.benzinga.com/trading-ideas/long-ideas/22/09/29058186/is-the-spy-headed-for-another-bull-cycle-in-this-bear-market-heres-a-look-at-the-market-">top-searched ticker</a> for the month of September.&nbsp;This happened in a month and quarter that saw the market decline to&nbsp;the lowest levels for 2022.</p> <p><strong>2. Tesla Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>)</p> <p>YTD Return: -30.7%</p> <p>52-Week Range: $206.86 TO $414.50</p> <p>Current Price: $265.25</p> <p>Electric vehicle giant Tesla was the second most-searched ticker on Benzinga Pro in the month of September. The company led the way for companies, not including ETFs. Tesla has been a popular stock on Benzinga Pro, ranking second among all tickers in the first quarter. The stock was previously <a href="https://www.benzinga.com/markets/cannabis/22/01/24855865/top-10-most-searched-tickers-on-benzinga-pro-in-2021-tesla-apple-amc-gamestop-and-more">named the most-searched ticker</a> on Benzinga Pro for the 2021 year.&nbsp;</p> <p><em>Related Link: <a href="https://www.benzinga.com/news/earnings/22/04/26440031/these-were-the-20-most-searched-tickers-on-benzinga-in-the-first-quarter-did-your-favorite-stock-ma">These Were The 20 Most Searched Tickers On Benzinga In The First Quarter, Did Your Favorite Stock Make The List&nbsp;</a></em></p> <p><strong>3. Apple Inc</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>)</p> <p>YTD Return: -22.2%</p> <p>52-Week Range: $129.04 to $182.94</p> <p>Current Price: $138.20</p> <p>Technology giant Apple was the third most-searched ticker in the month ...</p><p><a href=https://www.benzinga.com/markets/penny-stocks/22/10/29139961/exclusive-top-ten-stocks-searched-on-benzinga-pro-in-september-where-do-tesla-apple-and-bed- alt=EXCLUSIVE: Top 10 Stocks Searched On Benzinga Pro In September: Where Do Tesla, Apple, Bed Bath &amp; Beyond Rank?>Full story available on Benzinga.com</a></p> AAPL ADTX AMD AMZN ATXI BBBY Benzinga Pro electric vehicles EVs HKD INM iPhone iPhone 14 IWM listicle lists META MSFT NASDAQ 100 NRBO NVDA Penny Stocks PIXY QQQ reverse split Russell 2000 Ryan Cohen S&P 500 SAVA SHPH SPRO SPY Technology Stocks The Rings of Power Thursday Night Football TSLA Broad U.S. Equity ETFs Small Cap Top Stories Exclusives Tech Trading Ideas ETFs META IWM US4642876555 SAVA SPY US78462F1030 ADTX AAPL US0378331005 SHPH AMZN US0231351067 BBBY US0758961009 MSFT US5949181045 NVDA US67066G1040 SPRO US83171G1031 AMD US0079031078 TSLA US88160R1014 QQQ US73935A1043 NRBO INM HKD ATXI PIXY Penny Stocks Broad U.S. Equity ETFs Small Cap Top Stories Exclusives Tech Trading Ideas ETFs Benzinga Tue, 04 Oct 2022 18:29:11 +0000 Chris Katje 29139961 at https://www.benzinga.com Twitter Analyst Reacts To Elon Musk Dodging 'Game Of Thrones' Court Battle: 'Writing Was On The Wall' https://www.benzinga.com/analyst-ratings/analyst-color/22/10/29141222/writing-was-on-the-wall-heading-into-court-analyst-reacts-to-elon-musk-avoiding-gam <p>Shares of<strong> Twitter Inc </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) <a href="https://www.benzinga.com/news/22/10/29140547/elon-musk-deal-back-on-why-twitter-stock-is-spiking-tuesday-afternoon">surged Tuesday</a> after it was reported that<strong> Tesla Inc </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) CEO<strong> Elon Musk </strong>is resuming his planned buyout of the social media platform.</p> <p>Here&#39;s why one Twitter analyst is saying the news isn&#39;t too surprising.&nbsp;</p> <p><strong>The Twitter Analyst: </strong>Wedbush analyst Daniel Ives has a Neutral rating on Twitter with a $50 price target. The analyst&rsquo;s price target is &ldquo;Musk deal dependent.&rdquo;</p> <p><em>Related Link:<a href="https://www.benzinga.com/m-a/22/08/28624483/hot-take-twitter-investors-should-buy-the-dip-amid-whistleblower-allegations"> Hot Take: Twitter Investors Should Buy The Dip Amid Whistleblower Allegations</a>&nbsp;</em></p> <p><strong>The Twitter Takeaways: </strong>Ahead of a highly public and potentially length&nbsp;court case, Musk is reportedly returning to his planned $44-billion buyout of Twitter that values the company at $54.20 per share, which he proposed in April and backed out of in July.&nbsp;</p> <p>&ldquo;This is a clear sign that Musk recognized heading into Delaware Court that the ...</p><p><a href=https://www.benzinga.com/analyst-ratings/analyst-color/22/10/29141222/writing-was-on-the-wall-heading-into-court-analyst-reacts-to-elon-musk-avoiding-gam alt=Twitter Analyst Reacts To Elon Musk Dodging &#039;Game Of Thrones&#039; Court Battle: &#039;Writing Was On The Wall&#039;>Full story available on Benzinga.com</a></p> Analyst Color Dan Ives Daniel Ives Elon Musk M&A Social Media TSLA TWTR Wedbush Price Target Reiteration Top Stories Analyst Ratings Movers Trading Ideas General TSLA US88160R1014 TWTR US90184L1026 M&A Analyst Color Social Media Price Target Reiteration Top Stories Analyst Ratings Movers Trading Ideas General Benzinga Tue, 04 Oct 2022 17:20:36 +0000 Chris Katje 29141222 at https://www.benzinga.com GameStop Surges Higher On Recognition Of This Bullish Pattern: Here's What To Watch https://www.benzinga.com/trading-ideas/long-ideas/22/10/29140726/gamestop-surges-higher-on-recognition-of-this-bullish-pattern-heres-what-to-watch <p><strong>GameStop Corp.</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gme#NYSE">GME</a>) was spiking up more than&nbsp;8% on Tuesday, in tandem with the <strong>S&amp;P 500</strong>, which gapped up and continued to surge about 2.8% intraday.</p> <p>The gaming retailer looked set to bounce regardless of the bullish price action in the general market because GameStop formed a triple bottom <a href="https://pro.benzinga.com/blog/five-common-day-trading-patterns-to-know/#:~:text=The%20stock%20formed%20a%20cup%20and%20handle%20pattern,has%20nearly%20doubled%20its%20previous%20high%20from%20March.">pattern</a> on the daily chart.</p> <p>A double bottom pattern is a reversal indicator that shows a stock has dropped to a key support level, rebounded, back-tested the level as support and is likely to rebound again. It is possible the stock may retest the level as support again creating a triple bottom or even quadruple bottom pattern.</p> <p>The formation is always identified after a security has dropped in price and is at the bottom of a downtrend whereas a bearish double top pattern is always found in an uptrend. <strong>A spike in volume confirms the double bottom pattern was recognized and subsequent increasing volume ...</strong></p><p><a href=https://www.benzinga.com/trading-ideas/long-ideas/22/10/29140726/gamestop-surges-higher-on-recognition-of-this-bullish-pattern-heres-what-to-watch alt=GameStop Surges Higher On Recognition Of This Bullish Pattern: Here&#039;s What To Watch>Full story available on Benzinga.com</a></p> GME Long Ideas Short Ideas Technicals Top Stories Trading Ideas GME US36467W1099 Long Ideas Short Ideas Technicals Top Stories Trading Ideas Benzinga Tue, 04 Oct 2022 17:13:07 +0000 Melanie Schaffer 29140726 at https://www.benzinga.com Facing A Trial With Twitter, Elon Musk Offers Original $54.20/Share Buyout Price: Report https://www.benzinga.com/news/large-cap/22/10/29140842/facing-trial-with-twitter-elon-musk-offers-original-54-20-buyout-price <p><strong>Elon Musk&nbsp;</strong>has reportedly proposed a buyout of&nbsp;<strong>Twitter Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twtr#NYSE">TWTR</a>) at his original offer price of $54.20 per share Tuesday.</p> <p>The news comes as the two parties prepare to <a href="https://www.benzinga.com/m-a/22/10/29130015/second-twitter-whistleblower-to-testify-in-lawsuit-potentially-strengthening-elon-musks-case-report">square off in court</a> Oct. 17 after Twitter sued Musk with the aim of forcing&nbsp;him to follow through on the acquisition of the social media platform.<br /> Musk&#39;s lawyers sent the proposal to Twitter&#39;s litigation staff overnight Monday&nbsp;and filed a letter with the&nbsp;Delaware Chancery Court ahead of an emergency meeting set for Tuesday, <a href="https://www.wsj.com/articles/elon-musk-proposes-closing-twitter-deal-on-original-terms-11664901454?mod=hp_lead_pos1">according</a> to The Wall Street ...</p><p><a href=https://www.benzinga.com/news/large-cap/22/10/29140842/facing-trial-with-twitter-elon-musk-offers-original-54-20-buyout-price alt=Facing A Trial With Twitter, Elon Musk Offers Original $54.20/Share Buyout Price: Report>Full story available on Benzinga.com</a></p> Elon Musk Large Cap M&A Mid Cap News Parag Agrawal TSLA TWTR Legal Top Stories Movers Media Trading Ideas TSLA US88160R1014 TWTR US90184L1026 News M&A Large Cap Mid Cap Legal Top Stories Movers Media Trading Ideas Benzinga Tue, 04 Oct 2022 16:58:29 +0000 AJ Fabino 29140842 at https://www.benzinga.com As Credit Suisse Woes Inspire Parallels To 2008 Financial Crisis, Analyst Says 'Much Different Environment, Much Different Situation' https://www.benzinga.com/news/22/10/29129937/as-credit-suisse-woes-inspire-parallels-to-2008-financial-crisis-analyst-says-environment-totally-di <p>A senior analyst with Bloomberg Intelligence,&nbsp;<strong>Alison Williams</strong>, said the &ldquo;key issue&rdquo; with&nbsp;<strong>Credit Suisse Group AG&nbsp;</strong>(NYSE:&nbsp;<a href="https://www.benzinga.com/stock/cs#NYSE" target="_blank">CS</a>) is structural profitability and dismissed parallels drawn with the 2008 financial crisis which saw the&nbsp;<a href="https://www.benzinga.com/markets/penny-stocks/22/10/29121560/what-do-credit-default-swaps-cds-do" target="_blank">collapse of&nbsp;<strong>Lehman Brothers.</strong></a></p> <p><strong>What Happened:&nbsp;</strong>Williams, a Bloomberg analyst of Global Investment Banks, made her comments on Bloomberg Radio on Monday.</p> <p>&ldquo;The key issue for Credit Suisse is that it needs to come out with a new strategy to address some structural profitability challenges,&rdquo; said Williams.</p> <p>Touching on the parallels drawn between the bank&rsquo;s financial health and the global financial crisis of 2008, she said: &ldquo;I think it&rsquo;s a much different environment and a much different situation.&rdquo;&nbsp;</p> <p>&ldquo;The issue for the bank is really to solve a profitability challenge that the capital buffer is not as big as some other banks, but it&rsquo;s adequate.&rdquo;</p> <p>Williams said while the &ldquo;liquidity is ...</p><p><a href=https://www.benzinga.com/news/22/10/29129937/as-credit-suisse-woes-inspire-parallels-to-2008-financial-crisis-analyst-says-environment-totally-di alt=As Credit Suisse Woes Inspire Parallels To 2008 Financial Crisis, Analyst Says &#039;Much Different Environment, Much Different Situation&#039;>Full story available on Benzinga.com</a></p> 2008 Financial Crisis Alison Williams Analyst Color CS Lehman Brothers News Ulrich Körner Top Stories Economics Analyst Ratings Media CS US2254011081 News Analyst Color Top Stories Economics Analyst Ratings Media Benzinga Tue, 04 Oct 2022 11:23:20 +0000 Shivdeep Dhaliwal 29129937 at https://www.benzinga.com US Stocks Look Set To Rally As Futures Spike On Hope Of Fed Easing Hawkish Tone — Apple, Tesla, Rivian Shoot Up Premarket https://www.benzinga.com/news/22/10/29132071/nasdaq-s-p-futures-rally-amid-hopes-of-thawing-in-feds-hawkish-stance-rivian-apple-among-stocks-movi <p>The major U.S. index futures are pointing to a strong opening on Wall Street on Tuesday, as stocks attempt to carry on the momentum from the previous session.</p> <p>On Monday, <a href="https://www.benzinga.com/news/earnings/22/10/29124099/nasdaq-jumps-270-points-silver-surges-over-8">the major averages rallied </a>after weak manufacturing reading and construction spending data triggered hopes of a measured pace of rate hikes. Sentiment also received a lift from falling bond yields.</p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Indices&#39; Performance On Monday</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> <th scope="col">Value</th> </tr> </thead> <tbody> <tr> <td>Nasdaq Composite</td> <td>+2.27%</td> <td>&nbsp;</td> <td>10,815.43</td> </tr> <tr> <td>S&amp;P 500 Index</td> <td>+2.59%</td> <td>&nbsp;</td> <td>3,678.43</td> </tr> <tr> <td>Dow Industrials</td> <td>+2.66%</td> <td>&nbsp;</td> <td>29,490.89</td> </tr> </tbody> </table> <p>Citing a potential pivot by the Federal Reserve after the December meeting, Cantor Fitzgerald analyst <strong>Eric Johnston&nbsp;</strong>is predicting a sharp rally going into the year-end, he said in an interview with CNBC.</p> <table align="center" border="1" cellpadding="1" cellspacing="1" style="width:500px"> <caption>U.S. Futures&#39; Performance On Tuesday During Premarket Session</caption> <thead> <tr> <th scope="col">Index</th> <th scope="col">Performance (+/-)</th> <th scope="col">&nbsp;</th> </tr> </thead> <tbody> <tr> <td>Nasdaq 100 Futures</td> <td>+2.17%</td> <td>&nbsp;</td> </tr> <tr> <td>S&amp;P 500 Futures</td> <td>+1.77%</td> <td>&nbsp;</td> </tr> <tr> <td>Dow Futures</td> <td>+1.55%</td> <td>&nbsp;</td> </tr> <tr> <td>R2K Futures</td> <td>+1.96%</td> <td>&nbsp;</td> </tr> </tbody> </table> <p>In premarket trading on Tuesday, the <strong>SPDR S&amp;P 500 ETF Trust</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spy#NYSE">SPY</a>) rose 1.78% to $373.12, while <strong>Invesco ...</strong></p><p><a href=https://www.benzinga.com/news/22/10/29132071/nasdaq-s-p-futures-rally-amid-hopes-of-thawing-in-feds-hawkish-stance-rivian-apple-among-stocks-movi alt=US Stocks Look Set To Rally As Futures Spike On Hope Of Fed Easing Hawkish Tone — Apple, Tesla, Rivian Shoot Up Premarket>Full story available on Benzinga.com</a></p> AAPL Nasdaq futures News QQQ RIVN S&P 500 futures SPY TSLA Futures Previews Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas SPY US78462F1030 AAPL US0378331005 TSLA US88160R1014 QQQ US73935A1043 RIVN News Futures Previews Top Stories Economics Federal Reserve Pre-Market Outlook Markets Trading Ideas Benzinga Tue, 04 Oct 2022 11:15:51 +0000 Shanthi Rexaline 29132071 at https://www.benzinga.com