Honda, Nissan aim to merge by 2026 in historic pivot

Image source: Wikimedia Commons (Honda Logo; Nissan Logo)

Honda, Nissan aim to merge by 2026 in historic pivot. 🚗 The two companies are in talks to merge by 2026, they said on Monday, a historic pivot for Japan's auto industry that underlines the threat Chinese EV makers now pose to the world's long-dominant legacy car makers. Reuters reports.

📈 FedLift: U.S. stocks rallied to close out the trading week on Friday after two lackluster sessions as a cooler-than-expected inflation report and comments from Federal Reserve officials eased worries about the path of interest rates. Reuters reports.

⚡ TeslaEV: Tesla reverses losses to turn higher in a volatile week for the EV stock. CNBC reports.

🖥️ SiliconPush: The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea's Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production. Yahoo Finance reports.

🤖 AIrace: OpenAI is preparing to launch a new artificial intelligence model that it said is capable of more advanced human-like reasoning than its current offerings, ratcheting up the competition with rivals such as Alphabet Inc.’s Google. Yahoo Finance reports.

🛑 StarStrike: Starbucks workers' union strikes across US as talks hit impasse. Reuters reports.

🔄 TikShift: U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok's business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. 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. $:RELI: Reliance Global Group
Total gain: 196.66%

2. $:PIK: Kidpik
Total gain: 118.5%

3. $:EDBL: Edible Garden
Total gain: 82.16%

4. $:PHIO: Phio Pharma
Total gain: 80.68%

5. $:LYT: Lytus Technologies Holdings
Total gain: 52.38%

* Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 9 AM ET for "Pre-Market Momentum”.

Using Golden And Death Crosses In Trading: Timeframes And Applicability

Golden and Death Crosses are best observed on daily or weekly charts. Applying these patterns on intraday charts, like 15-minute or 4-hour charts, can lead to false signals due to the shorter-term nature of the data.

For example, on a 15-minute chart, a 50-period moving average represents 12.5 hours of trading—a timeframe that doesn’t align with the long-term implications of these crosses.

The closing price of the top three market percent gainers trading near or above $3 on December 20.

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

1. $NVNI: Nvni Group
Total gain: + 222.85%
The stock appeared to be moving on no notable news.

2. $MYSZ: My Size
Total gain: +203.7%
The stock appeared to be moving on no notable news.

3. $OPTX: Syntec Optics Holdings
Total gain: +75.77%
The stock appeared to be moving on no notable news.

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

AVXL: Anavex Life Sciences
Q4 2024
Before Market Open
Estimate: -0.170
Actual: N/A

LMNR: Limoneira
Q4 2024
After Market Close
Estimate: -0.070
Actual: N/A

BLIN: Bridgeline Digital
Q4 2024
After Market Close
Estimate: -0.010
Actual: N/A

Time (ET) / Report / Period

10:00 am - Consumer confidence - December

"Be fearful when others are greedy, and greedy when others are fearful."

― Warren Buffett

Sourced in:
“Berkshire Hathaway Shareholder Letter”, 2004