Intel’s Federal Chips Grant Slashed Below $8 Billion Amid Pentagon Contract Considerations
November 25, 2024
Breaking News
Image source: Wikimedia Commons
Super Micro’s Wild Ride: Delisting Fears Loom Despite a 60% Weekly Surge. 💼 Super Micro Computer (SMCI) sees a roller-coaster week with a 60% rally but ongoing delisting risks due to delayed earnings filings. Amid new auditor hires and Nvidia partnership mentions, volatility remains the name of the game. MarketWatch reports.
EdgeUp
🤝 AmazAI: Amazon to invest another $4 billion in Anthropic, OpenAI’s biggest rival. CNBC reports.
🍟 McValue: McDonald's to expand US value menu as fast food chains battle for bargain seekers. Yahoo Finance reports.
⚠️ BoschCut: Bosch to axe 5,550 jobs in latest blow to German auto sector. Yahoo Finance reports.
📈 GapRise: Gap surges as upbeat sales estimates signal promising start to holiday season. Reuters reports.
🌐 AdaniGate: Adani Group firms' shares fall for second session after US indictments. Reuters reports.
🔒 Gatekeepers: Apple and Google could face a competition probe over their huge mobile ecosystems in the UK. CNBC 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. $WLDS: Wearable Devices
Total gain: 73.93%
2. $QMMM: QMMM Holdings
Total gain: 60.02%
3. $RGTI: Rigetti Computing
Total gain: 34.19%
4. $KULR: KULR Tech Group
Total gain: 28.06%
5. $SMTK: SmartKem
Total gain: 27.49%
Trading Strategies
* 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"
Shorting Safely: Tips for Minimizing Risk
Here are some practical steps to help manage your short positions safely.
- Look for Rallies that Stall: Rather than jumping in at the bottom, try to short into a rally that is losing momentum. This reduces the likelihood of getting caught in a sharp rebound.
- Set Profit Targets: Unlike long trades, where you might hold for an extended uptrend, short trades should have clear profit targets. These targets are points where we either take full or partial profits or tighten our stops to lock in gains.
- Consider the Borrowing Cost: Remember, when you short, you’re borrowing the stock, which comes with costs. These fees eat into your profits, so it’s wise to treat short positions as shorter-term trades.
Friday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on November 22.
*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time
1. $PDYN: Palladyne AI
Total gain: +129.50%
The stock appeared to be moving on no notable news.
2. $QMCO: Quantum
Total gain: +124.13%
The stock appeared to be moving on no notable news.
3. $NA: Nano Labs
Total gain: +89.02%The company has announced the launch of its second-generation V Series products. Powered by the advanced Cuckoo 3.0 chips, this new series—which includes the V2, V2H, and V2X models—sets new benchmarks for performance and energy efficiency in the crypto mining industry. The V2H and V2X models deliver nearly four times the computing power of their first-generation predecessors. With significant improvements in power efficiency, the V2 Series cements its status as one of the most efficient mining solutions available. Benzinga reports.
Today’s Notable Earnings
*Estimate and Actual numbers represent Earnings Per Share in US Dollars
A: Agilent Technologies
4Q 2024
After Market Close
Estimate: 1.400
Actual: N/A
TBBB: BBB Foods
3Q 2024
After Market Close
Estimate: 0.030
Actual: N/A
CENTA: Central Garden & Pet
4Q 2024
After Market Close
Estimate: -0.220
Actual: N/A
Today’s Key Economic Dates
Time (ET) / Report / Period
None Scheduled
Parting Thoughts
“The market is a reflection of human behavior and sentiment, which means it can be unpredictable but not irrational.”
― Daniel CrosbySourced in:
“The Behavioral Investor”, by Daniel Crosby, published in 2018