Interactive Strength 株価情報 (NASDAQ: TRNR)

最新ニュース Interactive Strength (NASDAQ:TRNR) 株価情報

Interactive Strength

Interactive Strength Inc provides an integrated home fitness platform that allows its customers to participate in interactive wellness and strength-based training sessions. Its health coaching services encompass guidance and coaching on nutrition, recovery, sleep, and other health and lifestyle categories. The company generates revenue from sales of its connected fitness products, membership revenue, and personal training revenue.

Interactive Strength Inc

Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) will soon implement new restrictions to protect young users from certain types of content and interactions.
Starting December 3, game creators must indicate if their games suit users under 13. Games lacking this classification will be automatically restricted for players aged 12 and younger.
Additionally, as of November 18, preteen users will no longer have access to certain social areas known as &#8220;social hangouts,&#8221; which allow real-time text and voice chat between players, BBC <a target="_blank" href="https://www.bbc.com/news/articles/cwy9kry4lvko" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41812311/appian-projects-positive-adjusted-ebitda-boasts-strong-subscription-revenue-in-q3" rel="noreferrer noopener">Appian Projects Positive Adjusted EBITDA, Boasts Strong Subscription Revenue In Q3</a>
Roblox will prohibit children under 13 from accessing games with &#8220;free-form 2D user creation&#8221; on November 18 to further safeguard younger users.
This feature includes tools like virtual chalkboards or whiteboards, where players can draw or write without prior moderation. The company hopes that restricting this feature will help reduce the risk of offensive messages or images appearing unfiltered on the platform.
Content creators who want to make their experiences accessible to younger users must meet specific age-appropriate requirements, complete a detailed questionnaire, and ensure compliance with Roblox&#8217;s guidelines.
Roblox has faced significant scrutiny over child safety. Earlier this year, an Ofcom report highlighted Roblox as the most popular game among UK children aged 8 to 12.
However, the platform has also received complaints regarding potential risks to younger players, including reports of inappropriate interactions. Turkey, for instance, blocked Roblox in August over similar concerns.
In October, the company introduced new parental controls, including a more manageable account type for parents to oversee their children&#8217;s activities.
Juliet Chaitin-Lefcourt, a Roblox spokesperson, told <a target="_blank" href="https://www.theverge.com/2024/11/6/24289837/roblox-banning-preteens-social-hangout-spaces" rel="noreferrer noopener">the</a> Verge that the company shipped over 30 improvements this year, with more to come. Chaitin-Lefcourt added that transparency with the developer community remains a priority as the company rolls out these updates.
The full enforcement of these new safety standards will continue into the following year as Roblox introduces stricter age-based access and a rating system to protect younger users.
Roblox reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41654520/roblox-q3-earnings-bookings-jump-34-user-base-hits-89-million-raises-annual-outlook" rel="noreferrer noopener">fiscal third-quarter 2024</a> bookings growth of 34% to $1.13 billion. The Average Daily Active Users (DAUs) were 88.9 million, up 27%. The Hours Engaged were 20.7 billion, up 29%.
In October, Roblox faced&nbsp;two bearish reports&nbsp;from&nbsp;Bear Cave and&nbsp;Hindenberg for allegedly inflating key user metrics, including daily active users (DAUs) and engagement hours.
Price Action: RBLX stock is up 0.88% at $53.37 at&nbsp;the last check on Thursday.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41812585/datadog-beats-q3-estimates-margins-show-mixed-results" target="_blank" rel="noreferrer noopener">Datadog Beats Q3 Estimates, Margins Show Mixed Results</a></li>
</ul>
Photo via Shutterstock

News

Tech

Media

RBLX

Roblox Tightens Safety, Bans Preteens from Virtual Social Spaces

<h3 class="wp-block-heading">USDJPY Analysis</h3>
Beginning with the&nbsp;USDJPY, the pair is now approaching the July peak at 155.21 after breaking above a resistance level at 153.87. If the bullish momentum persists, we may see patterns emerge that could limit upward movement. Around the 161.8% Fibonacci extension, shortly above July's highs, at 155.55, a bearish crab pattern could emerge, which might lead to a correction toward the .382% retracement at 149.47. Still, a crucial question is whether this DXY strength will last or if it is only a temporary response to the elections.
Should this momentum endure, and we may observe the&nbsp;USDJPY&nbsp;challenge previous highs around to the monthly fractal resistance forged at 161.95. In this scenario, the bearish crab pattern would change to a bearish shark pattern as it moves into the 224% Fibonacci extension, which is oddly in line with the price of 161.68 and just below the major fractal resistance level. Looking at other Japanese peers, the question remains: "Will an eventual dollar appreciation in the current environment favor the decline of the Japanese yen in general?"
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10-1024x568.png" alt="" class="wp-image-3054" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">AUDJPY and EURJPY Movements</h3>
Let's look at the pair AUDJPY. For nearly a month, the pair has been negotiating a 260-pip range between support at 99.07 and resistance at 101.69. In response to the American elections, the pair was forced to depart the weekly fractal resistance that was acting as support at 99.86 and test the upper limit of this range and daily fractal resistance at 101.69. The break over this resistance  can open the door to an interesting upward movement, or it can even force the par to challenge the previous highs established at 109.37. As this scenario emerges, we should also be aware of the formation of patterns, such as a bearish bat pattern at 107.17.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31-1024x568.png" alt="" class="wp-image-3055" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The&nbsp;EURJPY&nbsp;pair is under pressure due to the direct relationship between the DXY and the EUR/USD, and has had a neutral reaction to the American elections, only slightly dropping following the establishment of the fractal resistance at 166.69. The intraday support around 164.94 limits downward movement, raising the question of whether the Yen's weakening against the dollar can induce upward movement in this and other yen pairs, causing it to move higher and eventually force the restest to the previous highs of July 11 and monthly fractal resistance at 175.42. Similar to the previous pairs, we should be aware of the formation of "reversal" patterns, which in this case are projected at 171,03, indicating a 3.8% upward movement towards the.886% Fibonacci retracement level.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43-1024x568.png" alt="" class="wp-image-3056" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">GBPJPY and NZDJPY Trends</h3>
The&nbsp;GBPJPY&nbsp;chart shows a fairly linear and objective price structure. The weekly fractal resistance was broken at 195.97, resulting in the formation of a new resistance at 199.80, but it was also retested, and rejected, with the formation of a new fractal support at 195.38. If the fractal resistance is confirmed to be broken, the opportunity to retest the previous highs of July 11th becomes viable. Similar to the EUR/JPY pair, the Pound may form a bearish bat pattern projected at 204.84 at the .886 Fibonacci retracement level, and this implies a 2.5% increase over the most recent resistance now under pressure.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00-1024x568.png" alt="" class="wp-image-3057" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The&nbsp;NZDJPY&nbsp;pair may also be affected in the same way. If the break in the range that has remained for 36 days between resistance formed at 92.29 and support formed at 90.05 is confirmed, we can anticipate an attempt to test the July highs at 99.00. The same bearish bat pattern is projected to surge at the.886% Fibonacci retracement level of 97.18, indicating a 5.3% increase above the fractal resistance.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10-1024x568.png" alt="" class="wp-image-3058" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">CADJPY Outlook</h3>
Finally, and not to be overlooked,&nbsp;CADJPY&nbsp;is now testing resistance as I write. The range between resistance at 110.72 and support at 108.96 is under threat of a breakout to the upside. If this occurs, we may anticipate a more substantial recovery attempt for the pair. However, much like my projection for&nbsp;USDJPY, we could also foresee the formation of a bearish deep crab pattern around 112.96—just above the late-July highs of 112.09. However, the possibility of retesting previous highs remains open for this pair as well. In this scenario, we'll also be monitoring for the potential formation of a bearish bat pattern, which is projected to emerge around 116.90.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21-1024x568.png" alt="" class="wp-image-3059" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Conclusion</h3>
As market dynamics evolve post-election, vigilance towards emerging patterns and resistance levels is critical. Explore comprehensive analyses of U.S. elections' impacts on forex markets, gaining strategic insights to optimize trading decisions in volatile times.

Andre Cardoso
Forex Analytix

Forex

Markets

Trading Ideas

General

Impact Of U.S. Elections On Forex Markets: Analyzing Dollar Surge And JPY Pairs

Canaccord Genuity analyst Robert Young maintains CGI INC (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) with a Buy and raises the price target from C$170 to C$175.

Price Target

Analyst Ratings

TSX:GIB

TSX:GIB.A

Canaccord Genuity Maintains Buy on CGI INC, Raises Price Target to C$175

Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) reported better-than-expected third-quarter results <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6228915026d7930001218ee4/matt-farrell">after Wednesday&#8217;s closing bell.</a>
Upwork reported quarterly earnings of 29 cents per share, which beat the analyst consensus estimate of 26 cents. Quarterly revenue came in at $193.8 million, which beat the analyst consensus estimate of $185.85 million and is an increase over sales of $175.73 million from the same period last year.
The company also announced a $100 million share repurchase program.
"Upwork continues to seize the tremendous market opportunity and execute our strategy to deliver durable, profitable growth, with 10% year-over-year revenue growth and our highest-ever net income in the third quarter," said Hayden Brown, president and CEO of Upwork.
Upwork sees fourth-quarter revenue of between $178 million and $183 million and adjusted earnings of between 24 cents and 28 cents per share.
Upwork shares gained 11.9% to trade at $16.32 on Thursday.
These analysts made changes to their price targets on Upwork following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6228915026d7930001218ee4/matt-farrell">Piper Sandler analyst Matt Farrell</a> reiterated Upwork with an Overweight and raised the price target from $13 to $18.</li>
<li>Roth MKM analyst Rohit Kulkarni maintained the stock with a Buy and raised the price target from $13 to $20.</li>
<li>Goldman Sachs analyst Eric Sheridan maintained Upwork with a Buy and boosted the price target from $21 to $24.</li>
<li>JMP Securities analyst Andrew Boone maintained Upwork with a Market Outperform and increased the price target from $14 to $18.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5b477e5548de5a00016075ae/maria-ripps">Canaccord Genuity analyst Maria Ripps</a> maintained a Buy rating and boosted the price target from $15 to $18.</li>
</ul>
Considering buying UPWK stock? Here&#8217;s what analysts think:

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84-1024x475.png" alt="" class="wp-image-636107" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84-1024x475.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84-768x356.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84.png 1268w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Earnings

UPWK

These Analysts Raise Their Forecasts On Upwork Following Strong Earnings

WIIM

VLCN

Volcon shares are trading lower after the company announced a 1-for--18 reverse stock split.

A Trump presidency<a href="https://europeancapitalinsights.substack.com/p/europe-frets-about-recession-after?r=3nmatg"> has raised concern in Europe that a new round</a> of tariffs under his <a href="https://www.euronews.com/business/2024/11/04/how-much-could-trumps-tariffs-damage-europes-economy">administration will cause a economic recession</a> in Europe.
A trade war during Trump's four-year term would also increase the probability of the European Central Bank (ECB) cutting rates faster to spur growth. Analysts issued pessimistic outlooks for European economic growth after Trump won the election.
On election day, the US dollar rallied sharply, sending the euro to a four-month low and boosting Bitcoin by 10% to a record high. 
European stocks exposed to the US have already shown their vulnerability. A Barclays basket of 28 <a href="https://markets.businessinsider.com/news/stocks/europe-trump-win-outlook-trade-war-tariff-crypto-djt-election-2024-10">European stocks sensitive to US tariffs</a> has underperformed the broader STOXX600 index by 15% this year.
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXct8vnUjY-sPthKAo54TyYzmMYbFqSL4UEAYKQ92gAtCRQgUelVyEGMtqrSv5-U9J6NvK7t574p40MtP_A5qNqhIcmcpalKh6Mo9wsCHR4vajc8gXwstW6pEO71UptWP9JJCG9DNX2_i2uFfEmKYzcnqF5rE03Y8J96wUCGAoSoj95B14a5yVE?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
European stocks vulnerable to Trump tariffs, Source: Barclays Equity Research&nbsp;
&#8220;Tariff concerns have been a drag on EU equities&#8217; relative performance year-to-date,&#8221; Barclays analysts led by Emmanuel Cau wrote in a note on October 23. A basket of European stocks at risk of Trump tariffs declined compared to those geared toward Democrat policies.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfLgvwadHYOazAM9Zi-a21uG9w7SBpC9fl_QTuUaoa3Zmta_kqPhfkbiEU1xgFnSvUYlS6ptCm16qeL0eKpnr4tl4Pj77Qz28PN6Gn4NPCI-aS736Rq-lP9TRf94MPI5aXAeKN_myLiVpshQNhbRPYpEacxegs_pBRx9iSN?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
European stocks sensitive to Trump fall, Source: <a href="https://www.bloomberg.com/news/articles/2024-11-06/european-stock-futures-drop-over-tariff-worries-as-trump-leads?srnd=phx-fixed-income">Bloomberg</a>
<h3 class="wp-block-heading">Trump Presidency Could Impact Europe's GDP</h3>
The European Union (EU) will need to confront the reality of a much different relationship with its largest trading partner from January 20. Previous <a href="https://www.euronews.com/my-europe/2024/10/24/would-donald-trumps-trade-tariffs-hurt-europe">tariffs on 6.4 billion in EU steel and aluminum</a>, alongside threats on automotive imports, have shown how US protectionism can reverberate through European economies.&nbsp;
Trump&#8217;s potential trade policies in 2025, including a proposed 10% to 20% <a href="https://www.ft.com/content/c0f1d1b9-8348-4b7d-8ab7-186fcf2ebbd1">tariff on European goods</a>, pose a substantial threat to European growth. Following Trump&#8217;s win, Goldman Sachs <a href="https://www.ft.com/content/783a573c-7ff3-461c-86f5-f194a89e3926">downgraded Europe's growth</a> for 2025 from 1.1% to 0.8%, citing limited European auto exports.
The German economic institute IW believes the <a href="https://www.reuters.com/markets/europe/trump-presidency-could-deal-heavy-blow-germanys-flagging-economy-2024-10-24/">Eurozone&#8217;s GDP could decline by 1.5%</a> in 2027 and 2028. Goldman Sachs expects a 1% reduction if a 10% universal tariff is implemented instead.
Historically, Trump&#8217;s tariffs have hampered European growth due to steep declines in exports, a trend that could repeat. Major exports to the US accounted for ~90% of all European transatlantic exports in 2023 to €502.3 billion, European Commission (EC) data showed.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcvDK80Z1hUJyXyvBBoAMMZeFNr-xIVF1HOlXtj5f6tyZXetVpHGPs9afu43LAEz62sGA2rBTRYFExGxZIpot6NEMoR9FSz8MZpQOWeaegFSiq-af0hbjlqRKJQcifBBKtRYdpvm-brz9WvSj6543imX5QpjbXn9iE8MSyrl2c9XKSTRVJvkWo?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
EU trade with the US by product, Source: European Commission
<h3 class="wp-block-heading">Trump Presidency Could Cause Eurozone GDP Loos</h3>
The blow to the Eurozone from a potential 1.5% GDP reduction could translate to a €260 billion loss on an estimated GDP of €17.4 trillion for 2024. This is over half the entire transatlantic exports registered in 2023.
"The direct effects and the indirect effects and the <a href="https://www.bloomberg.com/news/articles/2024-11-06/ecb-s-guindos-warns-of-huge-implications-of-trump-tariff-plans">deviations of commerce will be huge</a>, ECB Vice-President and French central bank head Francois Villeroy said on Wednesday.
Even the lower end of the proposed tariffs would compel ECB policymakers to cut rates more aggressively in 2025 if Trump implements his economic policies. Sven Jari Stehn of Goldman Sachs said in a note on Wednesday that he expects the ECB to cut an additional quarter-point in July.
&#8220;The American election must sound like <a href="https://www.reuters.com/markets/ecbs-villeroy-trump-election-means-more-risks-world-economy-2024-11-06/">a wakeup call for Europe</a>,&#8221; Villeroy said.&nbsp;
<h3 class="wp-block-heading">Germany At Greater Risk From Trump Presidency</h3>
Nations with large trade surpluses with the US face significant risks from policies that have strained transatlantic economic relationships in the past.&nbsp;
&#8220;Half of Germany&#8217;s growth always comes from exports and if you look at what&#8217;s going on in the world, you have to say that this pillar is under attack,&#8221; Germany's Economy Minister Robert Habeck said in October.&nbsp;
Germany exported over €157.7 billion of goods to the US in 2023. However, exports to the US contracted by 0.3% amid slowing demand and geopolitical escalation.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcunKZmSO2PXjTxoH5i3tumZTnE67LZaCy7n4plCOQCM-KaRa1NuHKfI4lwpeo7MwLbb0Aqn3RC9uLnOkJStOR3w4q2RuS55tghIU6m7QH1DLzfjJN5JdP3W4yQjJtarOqVnK06z5h7keeKLRkVAAEVOWJuwmL_gOl6HSiH65l3dYNqP9_E8Tc?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
Germany Exports to the US, 2012-2023, Source: Tradingeconomics
Dirk Schumacher, head of European macro research at Natixis Corporate &amp; Investment Banking Germany, says a 10% tariff increase could reduce Germany&#8217;s GDP by approximately 0.5%. A study by the Hans Boeckler Foundation macroeconomic institute suggests a <a href="https://www.reuters.com/markets/europe/trump-presidency-could-deal-heavy-blow-germanys-flagging-economy-2024-10-24/">1% GDP erosion by 2026 if Trump implemented a 20% tarif</a>f.&nbsp;
<h3 class="wp-block-heading">Germany Is Only G7 Nation Without Growth For Two Years</h3>
Germany remains the only G7 nation that has <a href="https://www.euronews.com/business/2023/07/30/germany-expected-to-be-only-major-economy-not-to-grow-this-year">failed to grow for two years</a> due to higher energy prices, borrowing costs, and a slow rebound in China. Europe&#8217;s largest economy would suffer if its largest trading partner reduced output and imposed tariffs on China.
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfbVgaykBooXaV2_V2tFat4uPtjSxEtqJGbs1aXsckrchdNTyahnrivFRGcxzAeLoaUgFZv01KIV-g8Yk9HsuFFKgTBaSOSnOMknWvtj2G33RbD160IYtL7hnpn4l8SEaHdqM7rlcRtquZTqdr_AIIQEqM4qaXq4XQsubxXGLI35Dt86aCL_ds?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
German Exports to China, 2020-2024, Source: <a href="https://www.ceicdata.com/en/germany/trade-statistics-by-country/exports-china">CEIC</a>
&#8220;Germany isn&#8217;t going to be bailed out by a restoration of growth in China," Jacob Funk Kirkegaard, senior fellow at Bruegel and the Peterson Institute for International Economics, told Reuters.
An Ifo study found that German exports to China and the US could fall by 9.6% and 14.9% in a full-scale trade war scenario in which the US imposes a 60% tariff on Chinese goods. Pharmaceutical and car exports would be hit the hardest, down 35% and 32%, the Ifo said.
Trump's tariffs would substantially trim European exports to the US, possibly creating a cycle of retaliation.
<h3 class="wp-block-heading">Swift Retaliatory Action From Europe</h3>
Nigel Green, CEO of deVere Group, believes that Trump's presidency would initiate a new trade war with Europe but sounded the alarm of swift retaliation.&nbsp;
"The market is <a href="https://www.financialmirror.com/2024/10/29/trump-trade-war-with-europe-would-hurt-us-stocks/">underestimating the risk of swift European retaliation</a> and the pressure this could place on key American stocks," he said.
Retaliatory measures could hit US earnings in the S&amp;P 500 by 1.5% next year. However, European stocks exposed to US tariffs could plunge as much as 7%, according to Barclays.&nbsp;
&#8220;In the event of a full-blown trade war, we could see up to a high single-digit drag on EPS growth with Germany," Barclays' head of European equity strategy, Emmanuel Cau, said. However, Goldman Sachs believes that a 1% GDP loss, if transported, would erase EPS growth for 2025.
Certain European sectors could still gain from a Trump presidency.&nbsp;
<h3 class="wp-block-heading">Defense Will Benefit From Trump Presidency&nbsp;</h3>
In addition to the energy sector, defense companies could see increased demand from European nations under a Trump Presidency. He is likely to push them to increase their NATO defense spending.&nbsp;
Earlier in 2024, <a href="https://www.theguardian.com/world/2024/feb/14/nato-chief-rebukes-donald-trump-and-announces-record-defence-spending">he threatened to "not protect"</a> any alliance members that failed to ramp up their defense spending to the 2% GDP target.&nbsp;
Following the warning, NATO claimed that more than 18 members would <a href="https://www.euractiv.com/section/defence-and-security/news/nato-says-18-members-will-reach-2-spending-target-this-year/">surpass the 2% target </a>this year. The number of allies meeting or exceeding the target soared to 23 this year, prompting <a href="https://breakingdefense.com/2024/10/trump-wants-nato-to-hit-3-percent-gdp-on-defense-the-us-could-fall-short/">Trump to raise the bar to 3% of GDP</a>.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeZHW4VZpdEt-DWO4ekjR7UlrTXpLl0U3oYjPArwQ23JgwiOyv-MQt9EkTOATSvEu0hHQ9HLnkkQbdG2dmLCJQVZm42BqZNmLcIE_HEdaNGpHnBJJuZWpF2fF_xp61i66oBsWk44hSOdsCcbrEs91RBX3N4R3C_fDi1DQetJh3FM3SV4dgExw?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
NATO members&#8217; defense expenditure as a share of GDP, 2024e, Source: <a href="https://www.nato.int/nato_static_fl2014/assets/pdf/2024/6/pdf/240617-def-exp-2024-en.pdf">NATO</a>
After taking office, Mark Rutte, the new Secretary General of NATO, said, &#8220;thanks to Trump&#8221; NATO increased defense spending. In Europe, <a href="https://www.aljazeera.com/news/2024/7/11/how-much-does-each-nato-country-spend-in-2024">Poland doubled the defense spending target</a> at 4.12% and Estonia by 3.43%, followed by Latvia and Greece.
<h3 class="wp-block-heading">European Stocks For Trump Presidency</h3>
Poland, Estonia, Latvia, and Greece have been increasing their defense spending and primarily source military equipment from a combination of US and European defense contractors.&nbsp;
<a href="https://www.nationaldefensemagazine.org/articles/2024/9/24/politics-of-war-color-polands-record-defense-spending#:~:text=Poland's%20recent%20procurement%20deals%20with,loan%20agreement%20announced%20in%20July.">Poland agreed to buy 32 F-35 jets, Apache helicopters and Abrams tanks</a> made by American companies Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)  and Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and <a href="https://www.defensenews.com/global/europe/2024/03/05/saab-wins-polish-mega-order-for-carl-gustaf-recoilless-rifles/">signed a contract with Saab </a>(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SAABF#OTC">SAABF</a>) earlier in the year to supply ammunition, training equipment, and recoilless rifles. It also awaits delivery of Raytehon's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) LTAMDS radars for its Patriot systems. 
Estonia has<a href="https://www.defensenews.com/global/europe/2023/06/13/estonias-global-arms-buying-spree-seeks-drastic-combat-gains/"> existing ties</a> with Germany&#8217;s Rheinmetall (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RNMBY#OTC">RNMBY</a>), <a href="https://eng.lsm.lv/article/society/defense/04.07.2024-latvia-currently-in-natos-top-four-on-defense-spending.a560311/">Latvia with LMT</a> and <a href="https://www.airforce-technology.com/news/greece-orders-additional-rafale-jets/">Greece with French manufacturer</a> Dassault Aviation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DUAVF#OTC">DUAVF</a>), along with LMT, <a href="https://www.naval-technology.com/news/us-approves-sale-of-mmsc-ships-greece/?cf-view">BAE Systems </a>(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BAESY#OTC">BAESY</a>)<a href="https://www.naval-technology.com/news/us-approves-sale-of-mmsc-ships-greece/?cf-view"> and repair leader VSE </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSEC#NASDAQ">VSEC</a>).
Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.
This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content&nbsp;or&nbsp;accuracy.

Market Summary

Eurozone

Politics

BAESY

DUAVF

RNMBY

SAABF

VSEC

Trump Presidency Raises Concerns About European Recession

Canaccord Genuity analyst Maria Ripps maintains Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) with a Hold and raises the price target from $56 to $64.

Canaccord Genuity Maintains Hold on Zillow Gr, Raises Price Target to $64

Canaccord Genuity analyst George Gianarikas maintains Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) with a Buy and lowers the price target from $25 to $18.

WOLF

Canaccord Genuity Maintains Buy on Wolfspeed, Lowers Price Target to $18

Canaccord Genuity analyst George Gianarikas maintains Wallbox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBX#NYSE">WBX</a>) with a Buy and lowers the price target from $3.25 to $1.5.

Canaccord Genuity Maintains Buy on Wallbox, Lowers Price Target to $1.5

Gilead Sciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) stock is trading higher on Thursday after the company reported better-than-expected third-quarter financial results and raised its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41786284/gilead-sciences-announces-third-quarter-2024-financial-results" rel="noreferrer noopener">fiscal year 2024 guidance</a>.
On Wednesday after market, Gilead reported third-quarter adjusted EPS of $2.02, down from $2.29 a year ago, beating the consensus of $1.55.
The HIV drug maker reported sales of $7.55 billion, up 7% year over year, beating the consensus of $7 billion, primarily due to higher sales in HIV and Veklury&nbsp;(remdesivir), Oncology and Liver Disease.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/10/41434127/gilead-sciencesmercks-investigational-once-weekly-hiv-combo-therapy-shows-sustained-virus-suppres" rel="noreferrer noopener">Gilead Sciences/Merck&#8217;s Investigational Once-Weekly HIV Combo Therapy Shows Sustained Virus Suppression To 48 Weeks</a>
HIV&nbsp;product sales increased 9% to $5.1 billion, with Biktarvy sales increased 13% to $3.5 billion. Descovy&nbsp;sales jumped 15% to $586 million.
The&nbsp;Liver Disease&nbsp;portfolio sales increased 4% to $733 million. Veklury&nbsp;sales increased 9% to $692 million.
&#8220;Gilead&#8217;s third-quarter results are the strongest of the year to date, with 7% year-over-year revenue growth, including 13% year-over-year growth for Biktarvy,&#8221; said Daniel O&#8217;Day, Chairman and CEO.
Guidance: Gilead Sciences raised its fiscal year 2024 adjusted EPS guidance from $3.60 &#8211; $3.90 to $4.25 &#8211; $4.45 compared to the consensus of $3.81.
The company expects 2024 product sales of $27.8 billion &#8211; $28.1 billion compared to <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40291958/analysts-cite-improved-investor-sentiment-for-gilead-but-warn-of-limited-growth-at-" rel="noreferrer noopener">prior guidance of</a> $27.1 billion &#8211; $27.5 billion.
Analysts&#8217; reaction:
<ul>
<li>Piper Sandler maintains Gilead Sciences with an Overweight, raising the price <a href="https://www.benzinga.com/quote/GILD/analyst-ratings" target="_blank" rel="noreferrer noopener">target from $95 to $105</a>.</li>
<li>Barclays reaffirms Gilead with an Equal-Weight rating while boosting the price target from $84 to $95.</li>
<li>Wells Fargo maintains Gilead with an Overweight rating, raising the price target from $100 to $105.</li>
<li>Cantor Fitzgerald reiterates Gilead with a Neutral rating, increasing the price target from $70 to $80.</li>
<li>Goldman Sachs maintains Gilead&#8217;s Neutral rating, lifting the price target from $74 to $84.</li>
<li>RBC Capital maintains Gilead&#8217;s Sector Perform rating and boosts the price target from $75 to $81.</li>
<li>JP Morgan maintains Gilead with an Overweight rating, raising the price target from $100 to $105.</li>
<li>Baird maintains Gilead&#8217;s Neutral rating, increasing the price target from $80 to $95.</li>
</ul>
Price Action: GILD stock is up 5.94% at $97.14 at last check Thursday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41817807/elanco-animal-q3-earnings-profit-beat-new-products-and-stabilized-business-to-drive" target="_blank" rel="noreferrer noopener">Elanco Animal Q3 Earnings: Profit Beat, New Products And Stabilized Business To Drive 2025 Sales</a></li>
</ul>

Analyst Color

Biotech

Equities

Large Cap

Guidance

Health Care

Movers

GILD

HIV Drugmaker Gilead Reports Strongest Quarterly Performance Of 2024, Analysts Boost Price Target On Raised Outlook

Once you have been in the financial publishing industry long enough, you realize that people write a lot of what passes for content and analysis that have no idea how markets and economics work.
They know little to nothing about behavioral economics or balance sheet analysis.
They have never worked on a desk, been in a pit, dealt with a margin call, or taken panicked phone calls from investors after a market crash.
They have degrees in English, Communication, and, worst of all, Marketing.
They write about what everyone else writes about.
They care about clicks and not profits.
They can write an elegantly structured paragraph summarizing a recent PR puff piece, which is about as valuable as government peanut butter and cheese.
It fills space but does not have much value.
This becomes glaringly obvious when you read the nonsense that gets written about institutional buying and selling activities.
I regularly see articles that breathlessly announce that Vanguard has bought or sold a major portion of a company.
We also see announcements involving activity by BlackRock and Fidelity, and the articles imply that these purchases have some meaning.
They do not.
Vanguard and BlackRock are the largest purveyors of index funds. Their buying and selling may tell a story about fund flows, but the individual security activity is meaningless.
Fidelity is so big that if they look at a company, they accidentally cross the 5% ownership threshold that triggers an SEC filing.
Tracking institutional activity is valuable if you know which transactions matter and which ones do not.
Vanguard buying shares of Robinhood (Ticker: HOOD) and selling some Nikola (Ticker: NKLA does not mean anything to stock investors looking for potential bargains.
Several institutions with specialized information and vital track records buying into a beaten-up sector potentially has enormous value.
One of the most beaten-up sectors is real estate.
As all the Instant Experts on the Internet will inform you, real estate is the single worst asset class in the history of assets.
There is an excellent chance that no one will ever go into an office again.
We have so many apartments that the suburbs look like scenes from a post-apocalyptic Western, with tumbleweeds blowing through mile after mile of empty apartment buildings.
No one goes to shopping centers anymore.
Everything is delivered.
All those cars are just using the free parking spaces.
The banking system is so choked with bad real estate loans that it will collapse any day and be replaced by the newest top-secret penny crypto, which has the potential to make you a billionaire in a week starting next Tuesday.
I have heard these types of stories swirling around real estate before and during my career.
Texas real estate was a disaster in the 1980s, and you could barely give it away.
In the aftermath of the S&amp;L crisis in the 1980s and early 1990s, real estate attracted all sorts of negative attention.
It was even worse in the aftermath of the internet bubble bursting.
The Great Financial Crisis was the gold standard for toxic real estate conversations.
Each time the smart money piled in and made a fortune.
According to recent SEC filings, they are doing it again this time.
The Macquarie Group is a division of the Macquarie Bank in Sydney, Australia. The group handles the bank&#8217;s business and investing outside of Australia and has had quite a reputation over the years as a very shrewd and profitable dealmaker.
In the second half of 2024, Macquarie Group has been moving into US real estate.
The firm just filed forms with the SEC revealing it now owns over 5% of Lexington Realty Trust, an owner of single-tenant warehouse and industrial properties in Ohio, Indiana, South Carolina, Georgia, and Arizona.
The firm is clearly very bullish on the single-tenant industrial markets as it has also been buying shares of Plymouth Industrial REIT (Ticker: PLYM) this year.
The firm is also a large owner and frequent buyer of VICI Properties (Ticker: VICI), an owner of casinos with a strong presence in the Las Vegas market and an outstanding history of growing both cash flows and dividend payouts.
Robert Robotti is one of those under-the-radar value investors most people do not know exist, but since opening his doors over 40 years ago, he has crushed the markets.
Robotti recently filed paperwork with the SEC revealing that he now owns 9.7% of Five Points Holdings (Ticker: FPH), a master-planned community developer that combines residential, commercial, retail, educational, and recreational elements.
The Irvine, California, company does business in Orange County, Los Angeles County, and San Francisco County and has not been a favorite of the markets since its IPO in 2017.
Sam Levinson, the Chief Investment Officer at Glick Family Investments and member of the Five Points Board, has also been making large purchases of the stock recently.
The stock is ridiculously undervalued, with shares trading at 4.4 times free cash flow and 41% of tangible book value.
If Five Points just survives, you have a strong chance of at least doubling your money.
Robotti also accumulated shares of Legacy Homes (Ticker: LEGH), a builder of manufactured and tiny homes, earlier this year.
Smart money is moving into real estate at current prices.
For what it is worth, fund flows are even forcing indexers like Vanguard and BlackRock to buy real estate-related companies.
The Instant Experts of the Internet hate what the smart money is buying. That is an excellent buy signal in our book.

Opinion

HOOD

LEGH

PLYM

VICI

C-Suite Buys of the Week: Decoding Smart Money Moves in Real Estate

Canaccord Genuity analyst Richard Close maintains Waystar Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAY#NASDAQ">WAY</a>) with a Buy and raises the price target from $30 to $36.

Canaccord Genuity Maintains Buy on Waystar Holding, Raises Price Target to $36

Turning Point Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPB#NYSE">TPB</a>), a maker of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced its financial results Thursday for the third quarter ended Sept. 30, 2024.
The company behind Zig-Zag, a brand of rolling papers in the cannabis industry, said total consolidated net sales increased 3.8% year over year to $105.6 million.
Zig-Zag products&#8217; net sales, which accounted for 47% of total net sales in the quarter, increased 5.5% over the same period to $49.3 million, driven by strong performance in our North American Papers &amp; Wraps business and solid growth in cigars.
Graham Purdy, the company&#8217;s president and CEO, said Zig-Zag is on "a sustainable growth trajectory."
Zig-Zag Products segment gross profit increased 2.2% to $27.3 million. Gross margin declined 180 basis points to 55.4% driven primarily by product mix.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40108639/zig-zag-segment-on-sustainable-growth-trajectory-turning-point-ceo-reports-7-yoy-improvement-in-">Zig-Zag Segment On Sustainable Growth Trajectory, Turning Point CEO Reports 7% YoY Improvement In Adjusted EBITDA, Raises 2024 Guidance</a>
<h3 class="wp-block-heading">Other Q3 Financial Highlights</h3>
<ul>
<li>Gross profit totaled $53.7 million, up from $51.6 million in the prior year's quarter.</li>
<li>Selling, general and administrative expenses amounted to $33.2 million, compared to $31.4 million in the third quarter of last fiscal year.</li>
<li>Net loss attributable to non-controlling interest totaled $16 000, compared to net income attributable to non-controlling interest of $35 000 in the prior year's quarter.</li>
<li>Net income attributable to Turning Point Brands amounted to $12.4 million, up from $10.8 million.</li>
<li>Total gross debt as of Sept. 30, 2024 was $250 million.</li>
<li>Net debt as of Sept. 30, 2024 was $216.4 million.</li>
<li>Ended the quarter with total liquidity of $92.4 million, comprised of $33.6 million in cash and $58.8 million of asset-backed revolving credit facility capacity.</li>
</ul>
<h3 class="wp-block-heading">2024 Outlook</h3>
Turning Point increased its previous full-year 2024 adjusted EBITDA guidance from $98 million to $102 million to $101 million to $103 million, excluding CDS.
During the quarter, the company repurchased 26,978 shares of common stock for $1.1 million.
On Nov. 6, 2024, the board of directors of the company increased the company's share repurchase authorization by $77.9 million to an aggregate amount of $100 million.
Read Next:
<ul>
<li>&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/05/38620478/zig-zag-rolling-paper-sales-made-48-of-total-turning-point-brands-sales-in-first-quarter">Zig-Zag Rolling Paper Sales Made 48% Of Total Turning Point Brands Sales In First Quarter</a></li>
</ul>
<h3 class="wp-block-heading">TPB Price Action</h3>
Turning Point Brands' shares traded 1.31% lower at $50.37 per share at the time of writing on Thursday.

Cannabis

Zig-Zag Rolling Papers Segment Drives 47% Of Turning Point Brands' Q3 Sales, CEO Predicts Sustainable Growth

Canaccord Genuity analyst Maria Ripps maintains Upwork (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) with a Buy and raises the price target from $15 to $18.

Canaccord Genuity Maintains Buy on Upwork, Raises Price Target to $18

CELU

Celularity Shares Resume Trading

Canaccord Genuity analyst William Plovanic maintains Tandem Diabetes Care (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNDM#NASDAQ">TNDM</a>) with a Buy and lowers the price target from $57 to $56.

TNDM

Canaccord Genuity Maintains Buy on Tandem Diabetes Care, Lowers Price Target to $56

Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) reported better-than-expected earnings for the <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5978b62d43229a0001537151/mark-miller">first quarter on Wednesday</a>.
The company posted quarterly earnings of 74 cents per share which beat the analyst consensus estimate of 61 cents per share. The company reported quarterly sales of $1.35 billion which beat the analyst consensus estimate of $1.31 billion.
Jim Anderson, CEO, said, &#8220;We delivered solid growth in the September quarter on both a sequential and year-over-year basis, driven primarily by our AI-related Datacom transceivers. We also drove higher gross margin and operating margin. I continue to be excited by the opportunity to unlock significant long-term shareholder value.&#8221;
Coherent said it sees second-quarter revenue of $1.33 billion to $1.41 billion and adjusted EPS of 61 cents to 77 cents.
Coherent shares gained 5.3% to trade at $104.72 on Thursday.
These analysts made changes to their price targets on Coherent following earnings announcement.
<ul>
<li>Benchmark analyst Mark Miller maintained Coherent with a Buy and raised the price target from $90 to $112.</li>
<li>Susquehanna analyst Mehdi Hosseini maintained Coherent with a Positive and raised the price target from $120 to $125.</li>
<li>Citigroup analyst Atif Malik maintained Coherent with a Buy and raised the price target from $88 to $106.</li>
</ul>
Considering buying COHR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="476" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134102/image-83-1024x476.png" alt="" class="wp-image-636077" style="width:637px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134102/image-83-1024x476.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134102/image-83-300x140.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134102/image-83-768x357.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134102/image-83.png 1230w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41809435/how-to-earn-500-a-month-from-nvidia-stock-after-trump-win">How To Earn $500 A Month From Nvidia Stock After Trump Win</a></li>
</ul>

COHR

Coherent Analysts Boost Their Forecasts Following Better-Than-Expected Earnings

Canaccord Genuity analyst Michael Graham maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Buy and raises the price target from $18 to $22.

LYFT

Canaccord Genuity Maintains Buy on Lyft, Raises Price Target to $22

Canaccord Genuity analyst David Hynes maintains Klaviyo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVYO#NYSE">KVYO</a>) with a Buy and raises the price target from $32 to $40.

KVYO

Canaccord Genuity Maintains Buy on Klaviyo, Raises Price Target to $40

B of A Securities analyst Michael McGovern maintains Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) with a Buy and raises the price target from $16 to $19.

B of A Securities Maintains Buy on Lyft, Raises Price Target to $19

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to start the day with a breakdown of the biggest pre-market stock movers worth keeping an eye on for Tuesday!



Moving stocks are a new partnership, earnings, an acquisition deal and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>NLS Pharmaceutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/nlsp-stock-quote/">NLSP</a>) stock is rocketing more than 156% alongside heavy pre-market trading.</li>



<li>Actelis Networks (NASDAQ:<a href="https://investorplace.com/stock-quotes/asns-stock-quote/">ASNS</a>) shares are soaring over 137% after <a href="https://finance.yahoo.com/news/actelis-partners-carahsoft-major-us-203000611.html">announcing a new partnership</a> with Carahsoft.</li>



<li>MicroAlgo (NASDAQ:<a href="https://investorplace.com/stock-quotes/mlgo-stock-quote/">MLGO</a>) stock is surging more than 25% despite a lack of news this morning.</li>



<li>Silk Road Medical (NASDAQ:<a href="https://investorplace.com/stock-quotes/silk-stock-quote/">SILK</a>) shares are increasing over 23% <a href="https://www.nasdaq.com/press-release/boston-scientific-announces-agreement-acquire-silk-road-medical-inc-2024-06-18">on an acquisition agreement</a>.</li>



<li>Mustang Bio (NASDAQ:<a href="https://investorplace.com/stock-quotes/mbio-stock-quote/">MBIO</a>) stock is gaining more than 22% as it <a href="https://investorplace.com/2024/06/why-is-mustang-bio-mbio-stock-up-347-today/">continues a clinical study rally</a>.</li>



<li>Fly-E Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/flye-stock-quote/">FLYE</a>) shares are rising over 21% after <a href="https://finance.yahoo.com/news/fly-e-group-inc-announces-191000159.html">going public earlier this month</a>.</li>



<li>Sonoma Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/snoa-stock-quote/">SNOA</a>) stock is heading more than 21% higher alongside its <a href="https://www.nasdaq.com/press-release/sonoma-pharmaceuticals-reports-fiscal-year-and-fourth-quarter-2024-financial-results">Q4 earnings report</a>.</li>



<li>Clene (NASDAQ:<a href="https://investorplace.com/stock-quotes/clnn-stock-quote/">CLNN</a>) shares are climbing over 18% higher on <a href="https://www.nasdaq.com/press-release/clene-presents-extended-survival-data-through-35-years-and-new-nfl-responder-results">extended survival data</a>.</li>



<li>Chegg (NYSE:<a href="https://investorplace.com/stock-quotes/chgg-stock-quote/">CHGG</a>) stock is jumping 18% on <a href="https://finance.yahoo.com/news/chegg-announces-restructuring-plan-vision-203500268.html">job cuts and a restructuring plan</a>.</li>



<li>BioLine Rx (NASDAQ:<a href="https://investorplace.com/stock-quotes/blrx-stock-quote/">BLRX</a>) shares are up more than 17% without any clear news this morning.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Aerwins Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/awin-stock-quote/">AWIN</a>) stock is crashing over 52% as its <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318398965&amp;type=PDF&amp;symbol=AWIN&amp;cdn=c72eb168f714d139854f27235d706f2c&amp;companyName=AERWINS+Technologies+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-06-17">shares will be delisted today</a>.</li>



<li>Quantum (NASDAQ:<a href="https://investorplace.com/stock-quotes/qmco-stock-quote/">QMCO</a>) shares are plummeting more than 41% with the release of its <a href="https://www.nasdaq.com/press-release/quantum-reports-fiscal-full-year-2024-financial-results-2024-06-17">latest earnings report</a>.</li>



<li>Biolase (NASDAQ:<a href="https://investorplace.com/stock-quotes/biol-stock-quote/">BIOL</a>) stock is diving over 39% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318400377&amp;type=PDF&amp;symbol=BIOL&amp;cdn=37ce2e9246b65a79c01aa57fdd1c4b39&amp;companyName=Biolase+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2024-06-18">on a delisting notice</a>.</li>



<li>Connexa Sports Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/yyai-stock-quote/">YYAI</a>) shares are tumbling more than 23% on plans for a <a href="https://www.nasdaq.com/press-release/connexa-applies-imminent-1-20-reverse-split-remedy-bid-price-delisting-notice-2024-06">reverse stock split to avoid delisting</a>.</li>



<li>Interactive Strength (NASDAQ:<a href="https://investorplace.com/stock-quotes/trnr-stock-quote/">TRNR</a>) stock is taking an over 22% beating <a href="https://investorplace.com/2024/06/interactive-strength-trnr-stock-surges-129-after-reverse-stock-split/">after rallying yesterday</a>.</li>



<li>Srivaru (NASDAQ:<a href="https://investorplace.com/stock-quotes/svmh-stock-quote/">SVMH</a>) shares are sliding more than 15% as it <a href="https://investorplace.com/2024/06/why-is-srivaru-svmh-stock-up-122-today/">retreats from a recent rally</a>.</li>



<li>Virpax Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/vrpx-stock-quote/">VRPX</a>) stock is dropping over 15% on Tuesday morning.</li>



<li>Bio-Path (NASDAQ:<a href="https://investorplace.com/stock-quotes/bpth-stock-quote/">BPTH</a>) shares are decreasing more than 14% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318397757&amp;type=PDF&amp;symbol=BPTH&amp;cdn=71f3deb6bebaba5ab0528b1ade5a312b&amp;companyName=Bio-Path+Holdings+Inc.&amp;formType=424B3&amp;formDescription=Prospectus+%5BRule+424%28b%29%283%29%5D&amp;dateFiled=2024-06-17">secondary stock offering</a>.</li>



<li>Anitra (NYSEMKT:<a href="https://investorplace.com/stock-quotes/aztr-stock-quote/">AZTR</a>) stock is falling over 14% today.</li>



<li>Kineta (NASDAQ:<a href="https://investorplace.com/stock-quotes/ka-stock-quote/">KA</a>) shares close out our pre-market stock movers down more than 12% this morning.</li>
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	The post <a href="https://investorplace.com/2024/06/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-tuesday-june-18th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday

Interactive Strength files to sell common stock, warrants

An announcement from Interactive Strength Inc (TRNR) is now available. Interactive Strength Inc. has revised its financial agreements with an accre...

Interactive Strength Inc. Enhances Financial Flexibility

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to start the day with a breakdown of the biggest pre-market stock movers traders need to know about on Tuesday morning!



Moving stocks this morning are earnings reports, new agreements, public offerings and more.



We have all of that news ready below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Pineapple Energy (NASDAQ:<a href="https://investorplace.com/stock-quotes/pegy-stock-quote/">PEGY</a>) stock is rocketing more than 83% after <a href="https://www.nasdaq.com/press-release/pineapple-energy-formalizes-agreement-conduit-capital-services-and-pursue-working">announcing a new collaboration</a>.</li>



<li>Anew Medical (NASDAQ:<a href="https://investorplace.com/stock-quotes/wena-stock-quote/">WENA</a>) shares are soaring over 67% on <a href="https://www.nasdaq.com/press-release/anew-medical-advance-patented-klotho-gene-therapy-neurodegenerative-disorder">therapy advancement plans</a>.</li>



<li>Zapp Electric Vehicles (NASDAQ:<a href="https://investorplace.com/stock-quotes/zapp-stock-quote/">ZAPP</a>) stock is surging more than 47% without any clear news this morning.</li>



<li>60 Degrees (NASDAQ:<a href="https://investorplace.com/stock-quotes/sxtp-stock-quote/">SXTP</a>) shares are gaining over 23% on <a href="https://www.nasdaq.com/press-release/60-degrees-pharma-announces-irb-approval-clinical-study-tafenoquine-treatment">approval of a clinical study</a>.</li>



<li>Trinity Place (NYSEMKT:<a href="https://investorplace.com/stock-quotes/tphs-stock-quote/">TPHS</a>) stock is rising more than 23% with heavy pre-market trading.</li>



<li>Mainz Biomed (NASDAQ:<a href="https://investorplace.com/stock-quotes/mynz-stock-quote/">MYNZ</a>) shares are climbing over 17% after <a href="https://www.nasdaq.com/press-release/mainz-biomed-announces-submission-fda-breakthrough-device-designation-its-next">submitting a test</a> for breakthrough designation.</li>



<li>TC BioPharm (NASDAQ:<a href="https://investorplace.com/stock-quotes/tcbp-stock-quote/">TCBP</a>) stock is jumping more than 17% despite a lack of news.</li>



<li>Interactive Strength (NASDAQ:<a href="https://investorplace.com/stock-quotes/trnr-stock-quote/">TRNR</a>) shares are heading over 13% higher on a <a href="https://www.nasdaq.com/press-release/interactive-strength-inc-nasdaq-trnr-secures-exclusive-distribution-clmbr-fast">distribution agreement and order</a>.</li>



<li>YY Group (NASDAQ:<a href="https://investorplace.com/stock-quotes/yygh-stock-quote/">YYGH</a>) stock is increasing more than 12% without any obvious news.</li>



<li>Srivaru (NASDAQ:<a href="https://investorplace.com/stock-quotes/svmh-stock-quote/">SVMH</a>) shares are up over 12% on <a href="https://www.nasdaq.com/press-release/srivaru-svmh-deploys-advanced-ai-platform-manage-lead-generation-platform-prana-20">artificial intelligence (AI) platform deployment</a>.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Indivior (NASDAQ:<a href="https://investorplace.com/stock-quotes/indv-stock-quote/">INDV</a>) stock is plummeting more than 36% alongside a <a href="https://www.nasdaq.com/press-release/indivior-provides-business-update-conference-call-8-00-am-us-edt-2024-07-09">worrying business update</a>.</li>



<li>Helen Of Troy (NASDAQ:<a href="https://investorplace.com/stock-quotes/hele-stock-quote/">HELE</a>) shares are diving over 23% with the <a href="https://www.nasdaq.com/press-release/helen-troy-limited-reports-first-quarter-fiscal-2025-results-2024-07-09">release of its latest earnings report</a>.</li>



<li>Shapeways (NASDAQ:<a href="https://investorplace.com/stock-quotes/shpw-stock-quote/">SHPW</a>) stock is tumbling more than 19% <a href="https://investorplace.com/2024/07/why-is-shapeways-shpw-stock-up-84-today/">after a rally yesterday</a>.</li>



<li>Novo Integrated Sciences (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvos-stock-quote/">NVOS</a>) shares are taking an over 17% beating on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318441400&amp;type=PDF&amp;symbol=NVOS&amp;cdn=2b225bb2253ffcb31b2332a6ef2a7e6d&amp;companyName=Novo+Integrated+Sciences+Inc.&amp;formType=S-1&amp;formDescription=Registration+statement+under+Securities+Act+of+1933&amp;dateFiled=2024-07-08">proposed public offering</a>.</li>



<li>Greenlane (NASDAQ:<a href="https://investorplace.com/stock-quotes/gnln-stock-quote/">GNLN</a>) stock is sliding more than 14% with strong pre-market trading.</li>



<li>Tonix Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/tnxp-stock-quote/">TNXP</a>) shares are decreasing 13% on a <a href="https://finance.yahoo.com/news/tonix-pharmaceuticals-announces-proposed-public-210000234.html">proposed public offering</a>.</li>



<li>Above Food Ingredients (NASDAQ:<a href="https://investorplace.com/stock-quotes/abve-stock-quote/">ABVE</a>) stock is falling over 11% without any apparent news.</li>



<li>Qualigen Therapeutics (NASDAQ:<a href="https://investorplace.com/stock-quotes/qlgn-stock-quote/">QLGN</a>) shares are retreating 11% on Tuesday morning.</li>



<li>Helios Technologies (NYSE:<a href="https://investorplace.com/stock-quotes/hlio-stock-quote/">HLIO</a>) stock is slipping more than 10% on <a href="https://www.nasdaq.com/press-release/helios-technologies-announces-leadership-team-update-2024-07-08">changes to its leadership team</a>.</li>



<li>Inuvo (NYSEMKT:<a href="https://investorplace.com/stock-quotes/inuv-stock-quote/">INUV</a>) shares close out our pre-market stock movers down over 10%.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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	The post <a href="https://investorplace.com/2024/07/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-tuesday-july-9th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Interactive Strength regains compliance with Nasdaq

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
This year will surely go down in the history books as the year of <a href="https://investorplace.com/industries/technology/">tech stocks</a>, thanks to advances like generative artificial intelligence that are pushing the market to new highs. But for all the amazing tech stocks available today, there are also some truly terrible tech stocks that investors should avoid.



The names on this list are disappointing, and investing in such struggling tech stocks would be a huge mistake. Some of them are good companies that are just losing to better competition, and others are saddled with products that don&rsquo;t resonate in today&rsquo;s market.



I&rsquo;m using the Portfolio Grader to identify some of the worst tech stocks today based on factors such as earnings performance, growth (or lack thereof), and analyst ratings. We&rsquo;re also considering market momentum, which can sometimes be an overlooked factor when evaluating stocks.



Stocks with weak momentum tend to be viewed negatively by the market, as the poor sentiment makes it harder for them to attract capital or generate investor enthusiasm. Momentum problems can lead to a cycle of poor performance, trapping the company and its investors into a money-losing proposition.



Investors would do well to identify tech stocks to avoid and instead put their hard-earned money into equities with a better chance of outperforming indexes like the tech-heavy Nasdaq composite.



<h2>Intel (INTC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/intc1600-1-300x169.png" alt="Intel (INTC) logo is seen outside of the Robert Noyce Building at Intel Corporation's headquarters in Santa Clara, California."><div>Source: Tada Images / Shutterstock.com</div></div>While many other tech stocks with an emphasis on AI are taking off this year, Intel (NASDAQ:<a href="https://investorplace.com/stock-quotes/intc-stock-quote/">INTC</a>) is moving in the opposite direction. 



Shares are down significantly this year, and I think it&rsquo;s fair to question whether Intel is in jeopardy of losing its coveted spot in the Dow Jones Industrial Average.



Granted, Intel is showing signs of life with a modest rally this month. However, Mizuho analyst Jordan Klein <a href="https://investorplace.com/market360/2024/07/intel-stock-remains-a-questionable-ai-play-at-best-stay-away-for-now/">speculates</a> that&rsquo;s more from short covering rather than increased confidence in Intel&rsquo;s prospects.



Intel is at a tremendous disadvantage in the AI race. It rolled out its Gaudi 3 Accelerator chip hoping to compete with Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) and its H100 chip, but Nvidia has already moved on to the Blackwell platform and will surely retain its superiority over Intel.



Intel is also trying to get into the foundry business to make semiconductors for other companies, but Taiwan Semiconductor Manufacturing (NYSE:<a href="https://investorplace.com/stock-quotes/tsm-stock-quote/">TSM</a>) has the lion&rsquo;s share of that business locked up.



INTC stock is down 33% this year and gets a &ldquo;D&rdquo; rating in the Portfolio Grader.



<h2>Snowflake (SNOW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/snow-1600-300x169.png" alt="Snowflake symbol and logo at the company corporate headquarters in Silicon Valley. SNOW stock."><div>Source: Sundry Photography / Shutterstock</div></div>Snowflake (NYSE:<a href="https://investorplace.com/stock-quotes/snow-stock-quote/">SNOW</a>) is a cloud computing company that provides cloud-based data storage and analytics, operating under a &ldquo;data-as-a-service&rdquo; model.



The company&rsquo;s AI Data Cloud allows its customers to share data, build applications and improve their businesses with AI.



Shares are down, however, in part because of <a href="https://investorplace.com/2024/06/snowflake-data-breach-snow-stock-falls-as-more-details-emerge/">data breach</a> &mdash; which is a serious issue for any company like Snowflake that processes to be an expert in working in cloud environments. 



The issues involves from Snowflake allowing customers to set up accounts using single-factor authentication instead of the more secure multifactor authentication protocol.



So, despite Snowflake <a href="https://investors.snowflake.com/news/news-details/2024/Snowflake-Reports-Financial-Results-for-the-First-Quarter-of-Fiscal-2025/default.aspx">increasing its revenue</a> in the first quarter of fiscal 2025 by 34% to $789.6 million, investors are souring on SNOW stock.



Snowflake stock is down 30% in 2024 and gets a &ldquo;D&rdquo; rating in the Portfolio Grader.



<h2>SolarEdge Technologies (SEDG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/solaredge-sedg-1600-300x169.jpg" alt="the solar edge logo on an iPhone. SEDG stock"><div>Source: rafapress / Shutterstock.com</div></div>SolarEdge Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/sedg-stock-quote/">SEDG</a>), as you can probably deduce from the name, operates in the solar energy space. The company makes power optimizers and inverters that help solar panels operate more efficiently.



But the solar industry has been tough for the last couple of years. Higher labor costs, inflated interest rates, and regulatory changes have weighed on the industry. Potential customers aren&rsquo;t willing to borrow money to install solar panels while interest rates remain high, and the Fed has so far resisted a rate cut even though inflation has slowed.



In June, the stock took another tumble when SolarEdge <a href="https://investorplace.com/2024/06/why-is-solaredge-sedg-stock-down-17-today-2/">disclosed</a> that one of its customers. PM&amp;M Electric, filed for Chapter 7 bankruptcy protection The company owes SolarEdge $11.4 million, and there&rsquo;s no guarantee that SolarEdge will ever see that money now.



<a href="https://investors.solaredge.com/static-files/d82e56ca-e4b8-4945-bec9-899c1068aa7d">Earnings for the first quarter</a> showed revenue of $204.4 million, down a whopping 78% from a year ago. The company posted a loss of $26.1 million for the quarter, versus a profit of $300 million in the same quarter a year ago.



SEDG stock is down 68% in 2024 and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>UiPath (PATH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/07/path1600-1-300x169.png" alt="Mobile phone with web page of software development company UiPath Inc. on display in front of business logo. Focus on top-left of cellphone screen. Unmodified photo. PATH stock"><div>Source: T. Schneider / Shutterstock.com</div></div>UiPath (NYSE:<a href="https://investorplace.com/stock-quotes/path-stock-quote/">PATH</a>) makes robotic process automation software, which allows customers to automate repetitive tasks &mdash; ideally improving productivity.



And like many other companies, it&rsquo;s rolling out <a href="https://ir.uipath.com/news/detail/350/uipath-announces-new-platform-features-to-enable-organizations-to-build-better-faster-and-more-comprehensive-automations-with-uipath-autopilot-and-genai">generative AI-powered features</a> to make its products easier to use. UiPath&rsquo;s AI products help developers build products, write code, perform quality checks and provide real-time insights.



The company reported solid earnings for the first quarter of fiscal 2025 &mdash; revenue of $335.11 million and adjusted earnings per share of 13 cents beat analysts&rsquo; estimates on the top and bottom lines. 



But even with that report, <a href="https://investorplace.com/2024/05/why-is-uipath-path-stock-down-30-today/">PATH stock fell</a> because the company announced the CEO Rob Enslin was stepping down, and was replaced by the company&rsquo;s former CEO, Daniel Dines. Shares fell 30% on the news.



For the year, PATH stock has been down 50% and has gotten a &ldquo;D&rdquo; rating in the Portfolio Grader.



<h2>Stem (STEM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/clean-energy-300x169.jpg" alt="A concept image of a person's hands holding a plant with floating glowing particles around it"><div>Source: Shutterstock</div></div>Stem (NYSE:<a href="https://investorplace.com/stock-quotes/stem-stock-quote/">STEM</a>) is a California company using AI to provide clean energy solutions and services. Its platform is designed to help customers manage scaled energy assets and portfolios more efficiently. The company works with solar, storage, and electric vehicle charging companies.



<a href="https://investors.stem.com/news/news-details/2024/Stem-Announces-First-Quarter-2024-Results/default.aspx">Revenue in the first quarter</a> was $25.5 million, down from $67.4 million in the same quarter a year ago. The company incurred a $33 million noncash adjustment due to adjusted estimates of contract guarantees issued in 2022 and 2023.



Bookings dropped significantly, from $363.5 million a year ago to $23.8 million in the first quarter. Stem attributed the drop to a shift in strategy to pursue large, utility-scale projects. But notably, the company lowered its full-year revenue guidance to a range of $567 million to $667 million in revenue from a range of $600 million to $700 million.



STEM stock is down 67% in 2024 and gets an &ldquo;F&rdquo; rating in the Portfolio Grader.



<h2>Interactive Strength (TRNR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/08/fitness-1600-300x169.jpg" alt="View from behind of woman working out to a televised exercise program."><div>Source: MIA Studio / Shutterstock.com</div></div>Interactive Strength (NASDAQ:<a href="https://investorplace.com/stock-quotes/trnr-stock-quote/">TRNR</a>) is a struggling tech stock that recently executed a reverse 1-for-40 reverse stock split to keep the stock price over $1 per share and avoid delisting.



But investors always see through high-jinks like that, and TRNR stock is already back to 70 cents per share even following the reverse split.



Interactive Strength is a Texas-based tech company that provides fitness equipment and virtual training. It has three platforms: Climbr, which includes vertical climbing machines for full-body workouts; Forme, an interactive home gym, and Forme Golf, which is a golf training platform.



<a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=102213&amp;ref=318336337&amp;type=HTML&amp;symbol=TRNR&amp;cdn=5aec10bd21448021fe0099dede68e9ae&amp;companyName=Interactive+Strength+Inc.&amp;formType=10-Q&amp;formDescription=General+form+for+quarterly+reports+under+Section+13+or+15%28d%29&amp;dateFiled=2024-05-20">Revenue in the first quarter</a> was $363,000, up from $157,000 a year ago. But the company posted a loss of $11.3 million for the quarter.



TRNR stock is likely to continue to drop. The stock is down 97% this year and gets a &ldquo;D&rdquo; rating in the Portfolio Grader.



<h2>Professional Diversity Network (IPDN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/tech-stocks1600-300x169.png" alt="Business man using computer hand close up futuristic cyber space decentralized finance coding background, business data analytics programming online VPN network metaverse digital world technology. tech stocks to sell"><div>Source: thinkhubstudio / Shutterstock.com</div></div>Professional Diversity Network (NASDAQ:<a href="https://investorplace.com/stock-quotes/ipdn-stock-quote/">IPDN</a>) is the smallest company on the list, with a market cap of just over $5 million. It serves as a job board and resource for companies seeking to diversify their workforces, including employees who are disabled, veterans, LGBTQA+, or people of color.



Diversity, equity and inclusion practices has been a hot topic for many corporations, and <a href="https://www.shortform.com/blog/dei-programs/">some states are beginning to ban DEI initiatives</a>. The Supreme Court also issued a ruling earlier this year that <a href="https://news.bloomberglaw.com/us-law-week/the-supreme-court-just-complicated-employer-dei-programs">raised new questions</a> about if DEI practices will be considered legal.



Amid that backdrop, an investment in IPDN appears to be a risky bet.



Revenue in the first quarter was $1.72 million, down 12% from a year ago. The company posted a net loss for the quarter of $803,000 and 7 cents per share.



IPDN stock is down 76% this year and gets a &ldquo;D&rdquo; rating in the Portfolio Grader.



On the date of publication, Louis Navellier had LONG position in NVDA.&nbsp;Louis Navellier did not have (either directly or indirectly) any other positions in the securities mentioned in this article.



The InvestorPlace Research Staff member primarily responsible for this article had a LONG position in NVDA. The InvestorPlace Research Staff member did not have (either directly or indirectly) any other 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/market360/2024/07/7-a-rated-stocks-to-buy-for-july/blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) and positions in the securities mentioned in this article.
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The post <a href="https://investorplace.com/market360/2024/07/7-terrible-tech-stocks-to-avoid-at-all-costs/">7 Terrible Tech Stocks to Avoid at All Costs</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Interactive Strength (NASDAQ:<a href="https://investorplace.com/stock-quotes/trnr-stock-quote/">TRNR</a>) stock is rising higher on Monday after the specialty fitness equipment company <a href="https://finance.yahoo.com/news/interactive-strength-inc-nasdaq-trnr-110000019.html">won its appeal for continued listing</a> on the Nasdaq Exchange.



According to a press release from Interactive Strength, the Nasdaq Hearings Panel has given the company until November 14, 2024 to regain listing compliance. The rule the company isn&rsquo;t compliant with is maintaining a minimum stockholders&rsquo; equity of $2.5 million.



Trent Ward, co-founder and CEO of Interactive Strength, said the following about this news.




&ldquo;We are pleased that the Hearings Panel agreed with our potential to regain compliance with the Equity Rule when we report our third quarter earnings in November and we look forward to achieving that target. As a starting point and an indication of our confidence in achieving compliance, we are proud to share that we would have been in compliance with the Equity Rule for the quarter that ended on June 30th&nbsp;on a pro forma basis, when including our equity offering that closed on July 2nd.&rdquo;




<h2>How This Affects TRNR Stock Today</h2>



With this update comes heavy trading of TRNR stock on Monday. That has more than 85 million shares changing hands as of this writing. This is well above the company&rsquo;s daily average trading volume of about 1.4 million shares.



TRNR stock is up 58.8% as of Monday afternoon.



There are more stock market stories ready to go below!



We have all of the hottest stock market news investors need to know about on Monday. A few examples include what&rsquo;s happening with shares of Greenlane&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/gnln-stock-quote/">GNLN</a>) stock, gold price news and more. All of this is ready at the following links!



<h2>More Stock Market News for Monday</h2>



<ul><li><a href="https://investorplace.com/2024/08/why-is-greenlane-gnln-stock-up-210-today/">Why Is Greenlane (GNLN) Stock Up 210% Today?</a></li>



<li><a href="https://investorplace.com/2024/08/gold-prices-2024-whats-going-on-ahead-of-wednesdays-fed-meeting/">Gold Prices 2024: What&rsquo;s Going On Ahead of Wednesday&rsquo;s Fed Meeting?</a></li>



<li><a href="https://investorplace.com/2024/08/djt-stock-alert-what-to-know-ahead-of-tonights-donald-trump-elon-musk-interview/">DJT Stock Alert: What to Know Ahead of Tonight&rsquo;s Donald Trump-Elon Musk Interview</a></li>
</ul>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, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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									</ul>The post <a href="https://investorplace.com/2024/08/why-is-interactive-strength-trnr-stock-up-59-today/">Why Is Interactive Strength (TRNR) Stock Up 59% Today?</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Why Is Interactive Strength (TRNR) Stock Up 59% Today?

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to dive into the biggest pre-market stock movers for Tuesday as we check out all of the hottest news moving shares this morning.



Moving stocks are several new deals, delisting notices and more.



Let&rsquo;s get into that news below!



<h2>Biggest Pre-Market Stock Movers: 10 Top Gainers</h2>



<ol><li>Vicinity Motor (NASDAQ:<a href="https://investorplace.com/stock-quotes/vev-stock-quote/">VEV</a>) stock is rocketing more than 153% alongside heavy pre-market trading.</li>



<li>CXApp (NASDAQ:<a href="https://investorplace.com/stock-quotes/cxai-stock-quote/">CXAI</a>) shares are soaring over 61% after <a href="https://www.nasdaq.com/press-release/cxapp-inc-nasdaq-cxai-announces-largest-expansion-deal-strategic-multi-year-0">signing an expansion deal</a> with Google Cloud.</li>



<li>MKDWell Tech (NASDAQ:<a href="https://investorplace.com/stock-quotes/mkdw-stock-quote/">MKDW</a>) stock is surging more than 57% alongside <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318514393&amp;type=PDF&amp;symbol=MKDW&amp;cdn=59d6d4925634abb97d78eb6b63a094fb&amp;companyName=MKDWELL+Tech+Inc.&amp;formType=SC+13D&amp;formDescription=General+statement+of+acquisition+of+beneficial+ownership&amp;dateFiled=2024-08-12">new investment news</a>.</li>



<li>Pono Capital Two (NASDAQ:<a href="https://investorplace.com/stock-quotes/ptwo-stock-quote/">PTWO</a>) shares are rising over 37% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318512443&amp;type=PDF&amp;symbol=PTWO&amp;cdn=c007f907da889b37797c3a70ef100ef9&amp;companyName=Pono+Capital+Two+Inc.&amp;formType=DEFM14A&amp;formDescription=Definitive+proxy+statement+relating+to+merger+or+acquisition&amp;dateFiled=2024-08-12">proposed merger plan</a>.</li>



<li>Psychemedics (NASDAQ:<a href="https://investorplace.com/stock-quotes/pmd-stock-quote/">PMD</a>) stock is increasing more than 20% on <a href="https://www.nasdaq.com/press-release/psychemedics-corporations-board-directors-approves-plan-terminate-registration-its">plans to delist its shares</a>.</li>



<li>Hesai (NASDAQ:<a href="https://investorplace.com/stock-quotes/hsai-stock-quote/">HSAI</a>) shares are climbing over 19% without any clear news.</li>



<li>Roadzen (NASDAQ:<a href="https://investorplace.com/stock-quotes/rdzn-stock-quote/">RDZN</a>) stock is heading more than 18% higher despite a lack of news today.</li>



<li>QT Imaging (NASDAQ:<a href="https://investorplace.com/stock-quotes/qti-stock-quote/">QTI</a>) shares are getting an over 17% boost on Tuesday morning.</li>



<li>Adagio Medical (NASDAQ:<a href="https://investorplace.com/stock-quotes/adgm-stock-quote/">ADGM</a>) stock is jumping more than 17% without any recent news.</li>



<li>GCT Semiconductor (NYSE:<a href="https://investorplace.com/stock-quotes/gcts-stock-quote/">GCTS</a>) shares are up over 17% after <a href="https://www.nasdaq.com/press-release/gct-semiconductor-signs-mou-samsung-accelerate-development-4g-5g-chipsets-and-modules">signing an agreement</a> with Samsung.</li>
</ol><h2>10 Top Losers</h2>



<ol><li>Syros Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/syrs-stock-quote/">SYRS</a>) stock is crashing more than 58% on a <a href="https://www.nasdaq.com/press-release/syros-provides-update-select-aml-1-phase-2-clinical-trial-2024-08-12">Phase 2 clinical trial update</a>.</li>



<li>PS International (NASDAQ:<a href="https://investorplace.com/stock-quotes/psig-stock-quote/">PSIG</a>) shares are diving over 21% <a href="https://investorplace.com/2024/08/why-is-ps-international-psig-stock-up-64-today/">after a massive rally yesterday</a>.</li>



<li>SunPower (NASDAQ:<a href="https://investorplace.com/stock-quotes/spwr-stock-quote/">SPWR</a>) stock is tumbling more than 19% on a <a href="https://finance.yahoo.com/news/sunpower-announces-nasdaq-delisting-notification-205800088.html">Nasdaq delisting notification</a>.</li>



<li>Greenlane (NASDAQ:<a href="https://investorplace.com/stock-quotes/gnln-stock-quote/">GNLN</a>) shares are taking an over 18% beating after rallying yesterday <a href="https://investorplace.com/2024/08/why-is-greenlane-gnln-stock-up-210-today/">on Safety Strips news</a>.</li>



<li>Surf Air Mobility (NYSE:<a href="https://investorplace.com/stock-quotes/srfm-stock-quote/">SRFM</a>) stock is sliding more than 18% after announcing an <a href="https://www.tipranks.com/news/company-announcements/surf-air-mobility-announces-optimistic-ai-joint-venture">artificial intelligence (AI) joint venture</a>.</li>



<li>HNR Acquisition (NYSEMKT:<a href="https://investorplace.com/stock-quotes/hnra-stock-quote/">HNRA</a>) shares are decreasing close to 16% on a <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=318511957&amp;type=PDF&amp;symbol=HNRA&amp;cdn=eb4e7e579bfe6b9a9328f0eca81fc1b2&amp;companyName=HNR+Acquisition+Corp+Class+A&amp;formType=424B3&amp;formDescription=Prospectus+%5BRule+424%28b%29%283%29%5D&amp;dateFiled=2024-08-12">proposed secondary offering</a>.</li>



<li>FSD Pharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/huge-stock-quote/">HUGE</a>) stock is retreating over 15% <a href="https://investorplace.com/2024/08/fsd-pharma-is-up-216-today-what-is-going-on-with-huge-stock/">after a Monday rally</a>.</li>



<li>Interactive Strength (NASDAQ:<a href="https://investorplace.com/stock-quotes/trnr-stock-quote/">TRNR</a>) shares are dropping more than 15% <a href="https://investorplace.com/2024/08/why-is-interactive-strength-trnr-stock-up-59-today/">following a rally yesterday</a>.</li>



<li>Yatra Online (NASDAQ:<a href="https://investorplace.com/stock-quotes/ytra-stock-quote/">YTRA</a>) stock is falling over 14% on a <a href="https://www.tipranks.com/news/company-announcements/yatra-online-reports-mixed-quarterly-performance">mixed earnings report</a>.</li>



<li>Conifer (NASDAQ:<a href="https://investorplace.com/stock-quotes/cnfr-stock-quote/">CNFR</a>) shares are down more than 12% ahead of an <a href="https://www.nasdaq.com/press-release/conifer-holdings-schedules-second-quarter-2024-earnings-conference-call-webcast">earnings conference call tomorrow</a>.</li>
</ol>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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									</ul>The post <a href="https://investorplace.com/2024/08/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-tuesday-aug-13th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Tuesday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Interactive Strength (NASDAQ:<a href="https://investorplace.com/stock-quotes/trnr-stock-quote/">TRNR</a>) just reported results for the second quarter of 2024.<ul><li>Interactive Strength reported earnings per share of -$17.48.</li><li>The company reported revenue of $621,000.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/trnr-stock-earnings-interactive-strength-for-q2-of-2024/">TRNR Stock Earnings: Interactive Strength Reported Results for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

TRNR Stock Earnings: Interactive Strength Reported Results for Q2 2024

Interactive Strength GAAP EPS of -$17.48, revenue of $0.62M

ABVE

ADGM

ASNS

AWIN

AZTR

BIOL

BLRX

BPTH

CHGG

CLNN

CNFR

CXAI

FLYE

GCTS

GNLN

HELE

HLIO

HNRA

HSAI

HUGE

INDV

INTC

INUV

IPDN

MBIO

MKDW

MLGO

MYNZ

NLSP

NVDA

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PATH

PEGY

PSIG

PTWO

QLGN

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RDZN

SEDG

SHPW

SILK

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SPWR

SRFM

STEM

SVMH

SXTP

SYRS

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TRNR

VRPX

WENA

YTRA

YYAI

YYGH

ZAPP

Insider Buying: Hedge Fund Legend Makes A Series Of Stock Purchases In Premium Digital Smart Home Fitness Company Interactive Strength (NASDAQ: TRNR - “FORME”)

Emerging Markets

Insider Buying: Hedge Fund Legend Makes A Series Of Stock Purchases In Premium Digital Smart Home Fitness Company Interactive Strength (NASDAQ: TRNR - &#34;FORME&#34;)

Press Releases

Companies Return To Reliable And Available Financing As SPAC's Fall From Grace

Interactive Strength Inc. (Nasdaq:TRNR) Successfully Passes EU Compliance for CLMBR and will Start Fulfilling European and UK Orders Immediately

Interactive Strength Inc. (Nasdaq:TRNR) Secures Exclusive Distribution for CLMBR with PrimaFit in Fast-Growing Indonesia and Already Receives Second Order in Third Quarter

Events

Interactive Strength Inc. (Nasdaq: TRNR) to Exhibit Both CLMBR and FORME at MEFIT Health and Fitness Summit in Dubai October 3-5

Interactive Strength Inc. (Nasdaq: TRNR) Enters the Medical channel for the first time by Exhibiting FORME at APTA Private Practice Annual Conference on October 9-12

Interactive Strength Inc. (NASDAQ:TRNR) Wins New Customer for CLMBR with Fast-growing 60 Location Chuze Fitness

Interactive Strength Inc. (Nasdaq: TRNR) is Expanding FORME's Presence in the Fast-growing Golf Performance Market by Exhibiting at the Titleist Performance Institute Summit on October 25-27

Interactive Strength Inc. To Announce Third Quarter 2024 Results on Nov. 14, 2024

TRNR Announces 1-for-100 Reverse Split

Bitech Technologies (OTCQB: BTTC) Appoints Montgomery Bannerman to Drive Strategic Growth in Renewable Energy – see other stocks inside….

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