Tesla Recalls Nearly 78,000 Model 3, Model Y Vehicles In China 🛞
The articles and information in this newsletter are a summary of yesterday’s trading and related news. They are presented for informational purposes only. Nothing in the newsletter should be taken as investment or trading advice.
S&P 5005, 906,04-63.90 -(1.07%)
Dow Jones 42,573.73-418.48 -(0.97%)
NASDAQ 19,486.78-235.25 -(1.19%)
Market close: December 30, 2024
Breaking News
Tesla Recalls Nearly 78,000 Model 3, Model Y Vehicles In China 🛞.
The recalled Models were manufactured between Sept. 28, 2021, and Nov. 22 at the company’s gigafactory in Shanghai. Tesla will fix the issue via an over-the-air software update. Benzinga reports.
Image source: Wikimedia Commons
EdgeUp
BoeingFall 📉 Boeing stock falls following crash of Jeju Air 737-800 jet. Yahoo Finance reports.
MetaShares 🌐: Meta Platforms Insider Sold Shares Worth $1,387,075, According to a Recent SEC Filing. Yahoo Finance reports.
Alibabacut ✂️: Alibaba's cloud unit announced big price cuts on large-language models. Reuters reports.
AIaquisition 🚀: Run:AI, an Israeli AI software firm that draws its ties to a mysterious space program back home, has been acquired by Chipmaking giant Nvidia which has finally cemented its $700 million acquisition of the company. Yahoo Finance reports.
Metarestrictions 🔓: Iranian authorities have lifted a ban on Meta’s instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions. CNN Business reports.
Top 5 Movers in Early Pre-Market
(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time) Benzinga reports.
1. $VRME: VerifyMe
Total gain: 231.68%
2. $EYEN: Eyenovia
Total gain: 118%
3. $APM: Aptorum Group
Total gain: 97.04%
4. $BHAT: Blue Hat Interactive
Total gain: 86.73%
5. $ONCO: Onconetix
Total gain: 64.34%
What’s Moving the Markets
Analyzing the markets with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.
LAST WEEK MARKET RECAP
During the holiday-shortened week of December 23 to December 27, 2024, U.S. stock markets exhibited mixed performance, with major indexes experiencing gains earlier in the week but facing declines by week's end.
Weekly Performance: S&P 500 Index: Despite a 1.1% drop on Friday, the S&P 500 managed a modest gain of 0.7% for the week, bringing its year-to-date increase to 25.2%.
Dow Jones Industrial Average: The Dow fell 0.8% on Friday but ended the week up 0.4%, contributing to a 14.1% rise for the year.
Nasdaq Composite: The tech-heavy Nasdaq declined 1.5% on Friday yet achieved a weekly gain of 0.8%, with a substantial year-to-date increase of 31.4%.
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Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on December 30.
(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM Eastern Time) Benzinga reports
1. $HOLO: MicroCloud Hologram
Total gain: 170.82%
The Company, based on its in-depth research and continuous innovation in quantum technology, has pioneered an advanced technological solution: using a fast adiabatic driving protocol to achieve coherent control of two heavy hole spin qubits in a double quantum dot system. Benzinga reports.
2. $INTZ: Intrusion
Total gain: 160.18%
The stock appeared to be moving on no notable news.
3. $FFIE: Faraday Future
Total gain: 77.95%
The company announced that Luke Hans, a prominent entrepreneur and leader in the Los Angeles Chinese community, will take delivery of his new FF 91 2.0 Futurist Alliance EV in January 2025 during a delivery ceremony with FF executives. This will mark the first delivery of an FF 91 2.0 in 2025. Benzinga reports.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
CVM CEL-SCI Corp
Q4 2024
After Market Close Estimate: -0.11
Actual: N/A
BIOIF Biome Grow Inc
Q2 2024
After Market Close Estimate: N/A
Actual: N/A
CYLYF Ceylon Graphite
Q4 2023 Before Market Open Estimate: N/A
Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
9:00 am S&P Case-Shiller home price index (20 cities) - November
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Parting Thoughts
“The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, non-existent at some still higher price.” ― Benjamin Graham
Sourced in: "The Intelligent Investor’’, by Benjamin Graham, published in 1949.
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