🗓️ DailyEdge: Friday, October 11

Image source: Photo by Melvin on Unsplash

Volkswagen’s Global Deliveries Drop 7% as China Demand Weakens. 🚗 The company faces mounting pressure with a 7% dip in third-quarter global deliveries, driven by faltering Chinese demand and high production costs in Europe. As the automaker explores plant closures, the challenges of electrification and fierce competition intensify. Reuters reports.

⚔️ ChipWar: AMD launches AI chip to rival Nvidia’s Blackwell. CNBC reports.

🌩️ MicroStorm: Super Micro Computer stock continues wild ride as investors weigh AI hype against alleged DOJ probe. Yahoo Finance reports.

💉 Medisoft: Microsoft announces new AI tools to help ease workload for doctors and nurses. CNBC reports.

✈️ HolidayLift: Delta forecasts record Q4 profit on improved pricing, strong holiday bookings. The Business Times reports.

📉 Domino'down: Domino’s pares back its Outlook for sales and store growth. Yahoo Finance reports.

🚀 TrumpBump: Shares of Trump media company hit highest in six weeks. Reuters reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $ZENA: ZenaTech
Total gain: 80.22%

2. $NIVF: NewGenIvfGroup
Total gain: 61.73%

3. $LUXH: LuxUrban Hotels
Total gain: 32.67%

4. $JTAI: Jet AI
Total gain: 26.07%

5. $CETX: Cemtrex
Total gain: 23.39%

A History of U.S. Monopolies

A monopoly is a company that dominates its sector or industry, meaning that it controls the majority of the market share of its goods or services, has little to no competition, and its consumers have no real substitutes for the goods or services provided by the business.

Monopolies came to colonial America well before the United States was born. In many ways, the large-scale public works that were required to build the New World were heavily reliant on large companies to carry them out.

These companies were granted exclusive contracts by the colonial governors. Even after the American Revolution, many colonial holdovers continued to function because of the contracts and land that they held.

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The closing price of the top three market percent gainers trading near or above $3 on October 10.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $SRFM: Surf Air Mobility
Total gain: +42.06%
The stock appeared to be moving on no notable news.

2. $WHLR: Wheeler Real Estate IT
Total gain: +33.91%
The stock appeared to be moving on no notable news.

3. $GLXG: Galaxy Payroll Group
Total gain: +31.56%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

WFC: Wells Fargo
3Q 2024
Before Market Open
Estimate: 1.270
Actual: 1.420

BLK: BlackRock
3Q 2024
Before Market Open
Estimate: 10.380
Actual: 11.460

JPM: JPMorgan Chase
3Q 2024
Before Market Close
Estimate: 4.010
Actual: 4.370

Time (ET) / Report / Period

8:30 am - Producer price index - September
8:30 am - Core PPI - September
8:30 am - PPI year over year
8:30 am - Core PPI year over year

“It is not enough to merely buy a stock because you believe it will go up. The investor must have confidence in the management and a sound understanding of the business and its future potential.”

― Philip FisherSourced in:
“Common stocks and uncommon profits”, by Philip Fisher, published in 1958