Bayer Shares Plunge as Crop Science Unit Struggles Amid Pricing Pressures

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Bayer Shares Plunge as Crop Science Unit Struggles Amid Pricing Pressures. 🔻 Bayer’s shares dropped 8% in Frankfurt after warning of weaker-than-expected agricultural markets and pricing pressures in crop protection, cutting its EBITDA forecast. The company remains optimistic about its pharma business hitting the upper end of its 2024 targets. MarketWatch reports.

🚫 ChipStop: TSMC stock falls after report says U.S. ordered it to halt AI chip shipments to China. MarketWatch reports.

🌐 AIpath: OpenAI and others seek new path to smarter AI as current methods hit limitations. Reuters reports.

⚠️ EngineCheck: US opens probe into 1.4 million Honda vehicles over engine issues. Yahoo Finance reports.

👜 SpecuLUX: Moncler not in talks to take over Burberry, sources say. Reuters reports.

⚖️ HuaweiCharges: China's Huawei Technologies seeks dismissal of US criminal charges. Yahoo Finance reports.

🚗 TeslaTurn: Tesla stock soars again. Short sellers are getting crushed. MarketWatch 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. $BTCT: BTC Digital
Total gain: 66.26%

2. $XBP: XBP Europe Holdings
Total gain: 57.31%

3. $SHMD: Schmid Group
Total gain: 29.03%

4. $LIFW: MSP Recovery
Total gain: 28.65%

5. $LGMK: LogicMark
Total gain: 27.14%

* Analyzing the markets with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.

The Largest Green Week of 2024

The S&P 500 ended last week higher, bouncing back from some of the prior week's volatility. The index rose as investor sentiment was buoyed by corporate earnings, a strong jobs report, and optimism around key economic data suggesting the economy could be on more solid footing than previously feared. Deftly, supported by solid performances from a few key blue-chip stocks in the industrial and financial sectors. The index benefitted from gains in stocks like Caterpillar and Goldman Sachs, which helped offset weaker performance in other sectors.

The Nasdaq was the biggest winner, posting a notable rally thanks to tech sector strength. Earnings reports from major tech companies like Microsoft and Alphabet (Google) continued to impress, particularly in areas like cloud computing and artificial intelligence (AI), which supported investor confidence in growth stocks.

The closing price of the top three market percent gainers trading near or above $3 on November 11.

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

1. $BCG: Binah Capital Group
Total gain: +65.82%
The stock appeared to be moving on no notable news.

2. $GOVX: Geovax Labs
Total gain: +64.62%
The stock appeared to be moving on no notable news.

3. $MSTX: Defiance Daily Target 2x Long MSTR ETF
Total gain: +51.14%
The stock appeared to be moving on no notable news.

Time (ET) / Report / Period

6:00 am - NFIB optimism index - October
10:00 am - Fed Gov. Christopher Waller speaks
10:15 am - Richmond Fed President Tom Barkin speaks
5:00 pm - Philadelphia President Patrick Harker speaks

“Don’t focus on making money; focus on protecting what you have.”

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