Toyota’s Bold Move: Doubling Down on China with 2.5M Vehicle Target by 2030

Image source: Photo by Erik Mclean - Pexels

Toyota’s Bold Move: Doubling Down on China with 2.5M Vehicle Target by 2030. 🚗 Toyota revamps its China strategy, aiming for 2.5 million vehicles a year by 2030 to stay competitive with local EV giants. The plan empowers local teams and boosts production efficiency to solidify its place in the world’s top car market. Reuters reports.

💻 ChipDominance: Nvidia, the world's most valuable company, has officially joined the Dow. Yahoo Finance reports.

🚗 TeslaTrillion: Tesla hits $1 trillion market cap as stock rallies after Trump win. CNBC reports.

📦 IKEAImpact: IKEA ready for potential tariffs under Trump, CFO says. Yahoo Finance reports.

⚠️ ParaProfits: Paramount revenue misses as cable, studio declines dull streaming gains. Reuters reports.

🎁 WalmartBonuses: Walmart to offer independent drivers new holiday bonuses in battle with Amazon. Reuters reports.

🎮 PlayBoost: Sony raises guidance on gaming strength, quarterly operating profit beats estimates. CNBC 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. $HOVR: New Horizon Aircraft
Total gain: 92.68%

2. $SGN: Signing Day Sports
Total gain: 69.51%

3. $REVB: Revelation Biosciences
Total gain: 46.34%

4. $CONL: GraniteShares 2x Long COIN Daily ETF
Total gain: 33.07%

5. $VCNX: Vaccinex
Total gain: 32.25%

* 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".

The Role of Market Sentiment

While stock scanners provide quantitative data, it’s essential to stay updated on the latest geopolitical events and market sentiment. External factors like oil prices or political unrest can drastically influence market trends. Always keep an eye on the bigger picture, especially in volatile markets.

Stock scanners are invaluable for filtering out the noise and finding stocks that fit your trading style. Remember, it’s not just about the metrics but how they fit within the broader market context. A scanner is a tool to get you started, but your intuition and analysis will take you the rest of the way. With the right strategy, stock scanners can be a powerful ally in your trading journey.

The closing price of the top three market percent gainers trading near or above $3 on November 8.

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

1. $INOD: Innodata
Total gain: +77.18%
The company reported its third-quarter results for the period ending September 30, 2024. Revenue reached $52.2 million, marking a 136% year-over-year increase. Net income was $17.4 million, or $0.60 per basic share and $0.51 per diluted share, compared to $0.4 million, or $0.01 per basic and diluted share, in the same period last year. Benzinga reports.

2. $DXYZ: Destiny Tech100
Total gain: +64.52%
The stock appeared to be moving on no notable news.

3. $INDI: Indie Semiconductor
Total gain: +57.43%
The company announced its third-quarter results for the period ending September 30, 2024. Third-quarter 2024 revenue rose 3.1% sequentially to $54.0 million, exceeding the mid-point of the projected outlook, with the Non-GAAP gross margin also increasing sequentially to 50.4%. On a GAAP basis, the third-quarter 2024 operating loss was $49.9 million, a significant improvement from $136.2 million a year ago. The Non-GAAP operating loss for the third quarter of 2024 was $16.8 million, compared to $13.0 million in the same period last year. GAAP loss per share for the third quarter of 2024 was $0.28, while the Non-GAAP loss per share was $0.09. Benzinga reports.

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

GRAB: Grab Holdings
3Q 2024
After Market Close
Estimate: -0.010
Actual: N/A

ZETA: Zeta Global Holdings
3Q 2024
After Market Close
Estimate: 0.170
Actual: N/A

AGO: Assured Guaranty
3Q 2024
After Market Close
Estimate: 1.360
Actual: N/A

Time (ET) / Report / Period

8:30 am - Initial jobless claims - November 2
8:30 am - U.S. productivity (prelim) - Q3
10:00 am - Wholesale inventories - September

“Risk control is the most important thing in trading. You can’t control what the market does, but you can control your risk.”

― Jack D. SchwagerSourced in:
"Market Wizards: Interviews with Top Traders", by Jack D. Schwager, published
in 1989