Dow Jumps Over 1,200 Points; Donald Trump Wins White House

Benzinga

FOXO Technologies

+4.03%

Sonnet BioTherapeutic

-1.33%

Trilogy Metals

+14.19%

Sunnova Energy International

+1.12%

U.S. stocks traded higher this morning, with the Dow Jones index gaining more than 1,200 points on Wednesday.

The Dow traded up 2.90% to 43,445.79 while the NASDAQ rose 2.03% to 18,813.03. The S&P 500 also rose, gaining, 1.77% to 5,884.97.

Check This Out: How To Earn $500 A Month From Qualcomm Stock Ahead Of Q4 Earnings

Leading and Lagging Sectors

Financial shares surged by 4.4% on Tuesday.

In trading on Tuesday, real estate shares fell by 1.8%.

Top Headline

Former President Donald Trump declared victory in the 2024 presidential election after winning the key battleground states.

Equities Trading UP

FOXO Technologies Inc. shares shot up 171% to $0.3718.
Shares of Sonnet BioTherapeutics Holdings, Inc. S got a boost, surging 110% to $8.82 after the company announced the issuance of a U.S. patent covering an IL-18 variant into two novel immunotherapeutic drug candidates.
Trilogy Metals Inc. shares were also up, gaining 73% to $0.9835.

Equities Trading DOWN

Sunnova Energy International Inc. shares dropped 42% to $4.12.
Shares of Zoomcar Holdings, Inc. were down 40% to $7.94 after the company announced the pricing of $9.15 million private placement.
PACS Group, Inc. was down, falling 35% to $19.14 after the company announced postponement of third-quarter results and disclosure on civil investigative demands from the federal government.

Commodities

In commodity news, oil traded down 0.7% to $71.50 while gold traded down 2.8% at $2,672.20.

Silver traded down 4.8% to $31.215 on Wednesday, while copper fell 4.6% to $4.2690.

Euro zone

European shares were mostly higher today. The eurozone's STOXX 600 fell 0.6%, Germany's DAX dipped 1.2% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index fell 3.1%, while London's FTSE 100 fell 0.3%.

Asia Pacific Markets

Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 gaining 2.61%, Hong Kong's Hang Seng Index falling 2.23%, China's Shanghai Composite Index falling 0.09% and India's BSE Sensex gaining 1.13%.

Economics

U.S. mortgage applications fell by 10.8% from the previous week in the week ended Nov. 1.

Now Read This:

Wall Street’s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 3% Dividend Yields

Risk Warnings and Disclaimers

You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.

Add to Favorites

Why Tesla Shares Are Trading Higher By Around 14%; Here Are 20 Stocks Moving Premarket

Benzinga

Shares of Tesla, Inc. rose sharply in today's pre-market trading over a likely Donald Trump victory in the U.S. Presidential elections.

According to The New York Times, Trump currently has over 95% chance of victory given he already has 267 of the 270 electoral votes needed to win. Tesla CEO Elon Musk endorsed Trump in July and has been actively campaigning for the former President both offline and online. Musk even campaigned for Trump in the swing state of Pennsylvania in October.

Tesla shares rose 14% to $286.57 in the pre-market trading session.

Here are some other stocks moving in pre-market trading.

Gainers

FOXO Technologies Inc. gained 117% to $0.2954 in pre-market trading. FOXO Technologies, last month, said its interim CFO wrote to shareholders expectations to build the business over the next 12-24 months and generate more than $50 million a year in revenue.
ARB IOT Group Limited rose 93.1% to $1.09 in pre-market trading after the company signed a MOU to accelerate AI with advanced server solutions.
The GEO Group, Inc. shares surged 30.7% to $19.78 in pre-market trading after gaining around 7% on Tuesday.
Trump Media & Technology Group Corp. gained 26.6% to $42.98 in pre-market trading.
DatChat, Inc. climbed 25.8% to $2.25 in pre-market trading.
Qualys, Inc. shares rose 22.4% to $156.96 in pre-market trading after the company reported better-than-expected third-quarter financial results, raised its FY24 guidance, and issued fourth-quarter revenue guidance above estimates.
Destiny Tech100 Inc. gained 22.4% to $14.20 in pre-market trading after gaining 6% on Tuesday.
CoreCivic, Inc. gained 21.1% to $16.50 in pre-market trading. CoreCivic will release its third quarter financial results after the closing bell on Wednesday, Nov. 6.
Phunware, Inc. gained 19.6% to $7.62 in pre-market trading after declining around 8% on Tuesday.

Losers

Vast Renewables Limited shares tumbled 55.8% to $2.37 in pre-market trading after dipping more than 20% on Tuesday.
Zoomcar Holdings, Inc. shares fell 42.5% to $7.56 in pre-market trading after the company announced the pricing of $9.15 million private placement.
Li-Cycle Holdings Corp. dipped 27.6% to $2.75 in pre-market trading. Li-Cycle to host third quarter earnings conference call/webcast on Thursday, Nov. 7.
Exact Sciences Corporation shares fell 27% to $52.20 in pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 revenue guidance below estimates.
Simpple Ltd. declined 27% to $1.23 in pre-market trading. Simpple shares jumped 43% on Tuesday after the company announced its plan to regain NASDAQ compliance.
Bluejay Diagnostics, Inc. shares dipped 25.9% to $0.1015 in pre-market trading after gaining 88% on Tuesday.
Super Micro Computer, Inc. fell 24.3% to $20.97 in pre-market trading after the company lowered its financial outlook. The company expects to report first-quarter revenue of $5.9 billion to $6 billion, down from its previous guidance range of $6 billion to $7 billion. The company anticipates adjusted earnings of 75 cents to 76 cents per share, versus its previous guidance of 67 cents to 83 cents per share.
Bionomics Limited fell 22.8% to $0.3806 in pre-market trading. Bionomics shares jumped 157% on Tuesday after the company announced it secured an AUS$1 million milestone payment from Carina Biotech for its BNC101 oncology program, with the potential to earn up to AUS$118 million.
Gevo, Inc. fell 20.8% to $1.86 in today's pre-market trading.
Sunnova Energy International Inc. fell 20.1% to $5.64 in pre-market trading after gaining 8% on Tuesday.

Now Read This:

Jim Cramer Says He Can’t Recommend This Major Automaker, Ceva Is ‘Way Too High’

Risk Warnings and Disclaimers

Add to Favorites

Foxo Technologies Closes Second Acquisition From Rennova Health

MT Newswires

FOXO Technologies

+4.03%

Risk Warnings and Disclaimers

Add to Favorites

Alamos Gold Appoints Trilogy Metals CEO Tony Giardini to Board

MT Newswires

Risk Warnings and Disclaimers

Add to Favorites

FOXO Stock Earnings: FOXO Technologies Reported Results for Q2 2024

InvestorPlace

FOXO Technologies

+4.03%

FOXO Technologies just reported results for the second quarter of 2024.

FOXO Technologies reported earnings per share of -24 cents.
The company reported revenue of $28,000.

InvestorPlace Earnings is a project that leverages data from TradeSmith to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at editor@investorplace.com.

Why Bank of Marin Bancorp Shares Are Trading Lower? Here Are Other Stocks Moving In Monday's Mid-Day Session

Benzinga

Bank of Marin Bancorp

-0.75%

2U Inc

0.00%

Lipella Pharmaceuticals

+1.19%

星图国际集团

-0.81%

Shares of Bank of Marin Bancorp fell sharply during Monday's session after the company reported worse-than-expected quarterly earnings.

Bank of Marin reported quarterly earnings of 6 cents per share which missed the analyst consensus estimate of 18 cents per share. The company reported quarterly sales of $22.47 million which missed the analyst consensus estimate of $23.39 million, according to data from Benzinga Pro.

Bank of Marin Bancorp shares dipped 10.8% to $19.92 on Monday.

Here are some other stocks moving in today’s mid-day session.

Gainers

2U, Inc. shares climbed 128% to $2.8535.
Lipella Pharmaceuticals Inc. shares climbed 117.8% to $0.9039 after the company announced it commenced its Phase 2a trial for LP-310 in Oral Lichen Planus.
Planet Image International Limited gained 61.6% to $4.75 after jumping around 56% on Friday.
NLS Pharmaceutics AG jumped 38% to $0.2644 after the company announced a merger in which Kadimastem will become a wholly owned subsidiary of NLS.
Tivic Health Systems, Inc. shares gained 37.8% to $0.6232 after gaining 11% on Friday.
NIP Group Inc. N gained 34.4% to $12.25.
Nisun International Enterprise Development Group Co., Ltd jumped 26.8% to $14.76.
Renalytix Plc jumped 24.2% to $0.4366.
Meta Data Limited rose 23.5% to $2.9860.
Venus Concept Inc. jumped 22.5% to $0.7936 after the company received a medical device license from Health Canada to market its Venus Bliss MAX system.
Nuwellis, Inc. gained 21.3% to $2.8862. Roth MKM analyst Jonathan Aschoff initiated coverage on Nuwellis with a Buy rating and announced a price target of $17.
Longeveron Inc. shares gained 19.8% to $4.1246 after the company disclosed study results from CLEAR MIND Phase 2a clinical trial of Lomecel-B in mild Alzheimer’s disease.
BurgerFi International, Inc. gained 19.3% to $0.5021. BurgerFi shares jumped 97% on Friday after the company announced it reached a legal settlement agreement with Lion Point Capital. The company agreed to pay $1,350,000 and issue Lion Point 300,000 of preferred stock.
Oil States International, Inc. climbed 18.8% to $5.63 after the company reported better-than-expected second-quarter financial results.
PolyPid Ltd. rose 18.4% to $4.19.
Cepton, Inc. jumped 18.4% to $2.9950 after the company announced it will be acquired by Koito for $3.17 per share in cash.
CommScope Holding Company, Inc. rose 17.2% to $2.25 after reporting preliminary second quarter results.
Serve Robotics Inc. gained 16.1% to $15.35.
ON Semiconductor Corporation jumped 13.7% to $79.76 after the company reported better-than-expected second quarter financial results.
Koninklijke Philips N.V. rose 13.1% to $29.14 after the company reported better-than-expected second quarter earnings.
Primega Group Holdings Limited P gained 9.5% to $5.09.
ZIM Integrated Shipping Services Ltd. rose 8.5% to $18.48. ZIM Integrated Shipping Services will release its second quarter financial results on Monday, Aug. 19.
Anavex Life Sciences Corp. gained 6.4% to $7.18. Anavex Life Sciences presented comprehensive results from the Phase IIb/III study showing that blarcamesine, once daily orally, significantly slowed clinical decline in people with early Alzheimer’s disease.
Tesla, Inc. gained 5.6% to $232.15. Morgan Stanley analyst Adam Jonas reiterated Tesla with an Overweight and maintained a $310 price target.

Losers

Cognition Therapeutics, Inc. fell 34% to $1.5650 after the company reported Phase 2 results for Alzheimer’s drug.
vTv Therapeutics Inc. shares dipped 31.4% to $14.55 after the company announced the FDA has placed a clinical hold on the cadisegliatin clinical program.
CERo Therapeutics Holdings, Inc. shares fell 28.6% to $0.1830 after gaining 6% on Friday.
Centuri Holdings, Inc. fell 26.4% to $14.90 following downbeat quarterly results.
Ventyx Biosciences, Inc. dipped 24.4% to $2.23. The company released results from the Phase 2 trial of allosteric TYK2 inhibitor VTX958 in participants with moderately to severely active Crohn's disease, a type of inflammatory bowel disease that irritates and causes swelling in digestive tract.
LuxUrban Hotels Inc. shares fell 19.6% to $0.1536 after the company priced its $1.74 million public offering of 11,573,333 common shares at 15 cents per share.
NuScale Power Corporation declined 18.5% to $8.84.
Ocean Power Technologies, Inc. fell 17.5% to $0.2544.
Treasure Global Inc. shares fell 17% to $1.5243.
Integra Resources Corp. fell 16.6% to $0.8999. Integra Resources and Florida Canyon Gold entered into a definitive arrangement agreement, whereby Integra has agreed to acquire all of the issued and outstanding shares of FCGI pursuant to a court-approved plan of arrangement.
Phio Pharmaceuticals Corp. fell 16.6% to $3.3616. Phio Pharmaceuticals recently announced exercise of warrants for $3.1 million gross proceeds.
Integra LifeSciences Holdings Corporation dipped 13.9% to $27.05 after the company lowered its FY24 guidance below estimates.
NANO Nuclear Energy Inc. fell 12.8% to $14.01.
Coursera, Inc. fell 10.5% to $9.60.
Sunnova Energy International Inc. declined 10% to $7.24. Truist Securities analyst Jordan Levy maintained Sunnova Energy Intl with a Buy and raised the price target from $9 to $10.
Mesoblast Limited fell 7.4% to $6.85. Mesoblast, last week, announced that the FDA accepted its Biologics License Application resubmission for Ryoncil in the treatment of children with steroid-refractory acute graft versus host disease.
Arm Holdings plc fell 6.3% to $139.61 after HSBC downgraded the stock from Hold to Reduce.
Tandem Diabetes Care, Inc. fell 6.3% to $37.53.