Tesla Recalls Nearly 78,000 Model 3, Model Y Vehicles In China

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Tesla Recalls Nearly 78,000 Model 3, Model Y Vehicles In China 🛞. The recalled Models were manufactured between Sept. 28, 2021, and Nov. 22 at the company’s gigafactory in Shanghai. Tesla will fix the issue via an over-the-air software update. Benzinga reports.

BoeingFall 📉 Boeing stock falls following crash of Jeju Air 737-800 jet. Yahoo Finance reports.

MetaShares 🌐: Meta Platforms Insider Sold Shares Worth $1,387,075, According to a Recent SEC Filing. Yahoo Finance reports.

Alibabacut ✂️: Alibaba's cloud unit announced big price cuts on large-language models. Reuters reports.

AIaquisition 🚀: Run:AI, an Israeli AI software firm that draws its ties to a mysterious space program back home, has been acquired by Chipmaking giant Nvidia which has finally cemented its $700 million acquisition of the company. Yahoo Finance reports.

Metarestrictions 🔓: Iranian authorities have lifted a ban on Meta’s instant messaging platform WhatsApp and Google Play as a first step to scale back internet restrictions. CNN Business 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. $VRME: VerifyMe
Total gain: 231.68%

2. $EYEN: Eyenovia
Total gain: 118%

3. $APM: Aptorum Group
Total gain: 97.04%

4. $BHAT: Blue Hat Interactive
Total gain: 86.73%

5. $ONCO: Onconetix
Total gain: 64.34%

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

LAST WEEK MARKET RECAP 

During the holiday-shortened week of December 23 to December 27, 2024, U.S. stock markets exhibited mixed performance, with major indexes experiencing gains earlier in the week but facing declines by week's end.

Weekly Performance:

S&P 500 Index: Despite a 1.1% drop on Friday, the S&P 500 managed a modest gain of 0.7% for the week, bringing its year-to-date increase to 25.2%.

Dow Jones Industrial Average: The Dow fell 0.8% on Friday but ended the week up 0.4%, contributing to a 14.1% rise for the year.

Nasdaq Composite: The tech-heavy Nasdaq declined 1.5% on Friday yet achieved a weekly gain of 0.8%, with a substantial year-to-date increase of 31.4%.

The closing price of the top three market percent gainers trading near or above $3 on December 30.

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

1. $HOLO: MicroCloud Hologram
Total gain: 170.82%
The Company, based on its in-depth research and continuous innovation in quantum technology, has pioneered an advanced technological solution: using a fast adiabatic driving protocol to achieve coherent control of two heavy hole spin qubits in a double quantum dot system. Benzinga reports.

2. $INTZ: Intrusion
Total gain: 160.18%
The stock appeared to be moving on no notable news.

3. $FFIE: Faraday Future
Total gain: 77.95%
The company announced that Luke Hans, a prominent entrepreneur and leader in the Los Angeles Chinese community, will take delivery of his new FF 91 2.0 Futurist Alliance EV in January 2025 during a delivery ceremony with FF executives. This will mark the first delivery of an FF 91 2.0 in 2025. Benzinga reports.

Time (ET) / Report / Period

9:00 am - S&P Case-Shiller home price index (20 cities) - November

“The margin of safety is always dependent on the price paid. It will be large at one price, small at some higher price, non-existent at some still higher price.”

― Benjamin Graham

Sourced in:
"The Intelligent Investor’’, by Benjamin Graham, published in 1949.