Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Innovative Eyewear Inc LUCY.O:
INNOVATIVE EYEWEAR SECURES DISTRIBUTION DEAL FOR GULF COOPERATION COUNCIL (GCC) COUNTRIES
Source text for Eikon: (Full Story)
Further company coverage: LUCY.O
https://dw6uz0omxro53.cloudfront.net/3161191/12ab4b09-dc5a-4c98-8b0d-ff76b4d3a2c2.png
5 September 2024
Tekcapital Plc
("Tekcapital", the "Company" or the "Group")
Innovative Eyewear, Inc. Expands Distribution to Gulf Cooperation Council (GCC) Countries
Tekcapital Plc (AIM: TEK), the UK intellectual property investment group notes that Innovative Eyewear, Inc. ("Innovative Eyewear") (NASDAQ: LUCY; LUCYW), the developer and retailer of ChatGPT enabled smart eyewear under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands, has announced overseas expansion into the Middle East market through an exclusive distribution agreement withEcom Gulf FZCO.
The distribution agreement with Ecom Gulf FZCO covers the GCC countries, including the United Arab Emirates, Saudi Arabia, Kuwait, Qatar, Bahrain, and Oman. This agreement aims to introduce Innovative Eyewear's smart glasses to a rapidly growing market for tech products in the region.
According to Statista[1], in 2024, "The [traditional] eyewear market in GCC is projected to generate revenue of US$1.8bn with an CAGR of 3% (between 2024-2029), By 2029 the market is expected to achieve a volume of~170m frames. In the GCC, there is a growing demand for luxury eyewear brands, with consumers willing to pay a premium for high-quality and stylish frames."
https://dw6uz0omxro53.cloudfront.net/3161191/8a5f1379-52e9-41d2-89a3-371514477597.png
Lucyd Lyte® Jupiter style. Image courtesy of Innovative Eyewear, Inc.
Harrison Gross, CEO of Innovative Eyewear Inc., commented:
"We are thrilled to partner with Ecom Gulf FZCO to bring our stylish and user-friendly smart eyewear to the Middle East. This region represents a significant opportunity for growth, with its tech-forward consumers and robust retail landscape."
To kick off the partnership, Ecom Gulf FZCO will be participating in theDubai AI & Web3 Festival, showcasing Innovative Eyewear's cutting-edge ChatGPT smart eyewear. The Dubai AI & Web3 Festival, scheduled for September 11-12, 2024, at Madinat Jumeirah, Dubai, provides an ideal platform for Ecom Gulf FZCO to showcase Innovative's smart eyewear offerings. The festival, focused on enabling digital economies, brings together global leaders in artificial intelligence and Web3 technologies will enable Innovative Eyewear Inc. to demonstrate its products to a highly relevant audience reinforcing its position as a leader in ChatGPT enabled smart eyewear.
Hisham Elhusseini, CEO of Ecom Gulf FZCO, said:
"I am excited to announce our partnership with Innovative Eyewear, Inc. as the exclusive distributor of their pioneering smart glasses in the Middle East. This collaboration marks a key milestone in our commitment to driving the future of smart living through GenAI technology, and we look forward to introducing these innovative products to our customers across the region."
About Innovative Eyewear, Inc.
Innovative Eyewear is a developer and retailer of ChatGPT smart eyewear, under the Lucyd®, Nautica®, Eddie Bauer® and Reebok® brands. True to their mission to Upgrade Your Eyewear®, their Bluetooth audio glasses allow users to stay safely and ergonomically connected to their digital lives and are offered in hundreds of frame and lens combinations to meet the needs of the optical market. To learn more and explore our continuously evolving collection of smart eyewear, please visitwww.lucyd.co.
About Ecom Gulf FZCO (DBA Mixireal)
MIXIREAL was founded with a dream to transform daily life through the integration of metaverse technologies. Located in the heart of the Middle East, MIXIREAL serves as the first one-stop shop for augmented reality, virtual reality, and smart eyewear. To learn more, please visitwww.mixireal.com.
About Tekcapital plc
Tekcapital creates value from investing in new, university-developed discoveries that can enhance people's lives and provides a range of technology transfer services to help organisations evaluate and commercialise new technologies. Tekcapital is quoted on the AIM market of the London Stock Exchange (AIM: symbol TEK) and is headquartered in the UK. For more information, please visitwww.tekcapital.com.
LEI: 213800GOJTOV19FIFZ85
Tekcapital currently owns 259,455 shares of Innovative Eyewear, Inc.
For further information, please contact:
Tekcapital Plc | Via Flagstaff | |
Clifford M. Gross, Ph.D. | ||
SP Angel Corporate Finance LLP (Nominated Adviser and Broker) | +44 (0) 20 3470 0470 | |
Richard Morrison/Charlie Bouverat (Corporate Finance)/Abigail Wayne / Rob Rees (Corporate Broking)
| ||
Flagstaff Strategic and Investor Communications |
| +44 (0) 20 7129 1474 |
Tim Thompson/Andrea Seymour/Fergus Mellon |
|
Forward-Looking Statements
This press release is for informational purposes only. The information herein does not constitute investment advice nor an offer to invest and may contain statements related to our future business and financial performance and future events or developments involving Innovative Eyewear, Inc., Lucyd or Tekcapital that may constitute forward-looking statements. These statements may be identified by words such as "expect," "look forward to," "anticipate" "intend," "plan," "believe," "seek," "estimate," "will," "project" or words of similar meaning. We may also make forward-looking statements in other reports, in presentations, in material delivered to customers, stakeholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements may be based on the current expectations and certain assumptions of Tekcapital, Innovative Eyewear Inc. or Lucyd's management. Please note that these are subject to a number of risks, uncertainties and factors, including, but not limited to those described in various disclosures. Should one or more of these risks or uncertainties materialize, or should underlying expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Innovative Eyewear Inc., Lucyd and/or Tekcapital may vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Other than as required by relevant regulation or law, neither Innovative Eyewear Inc, Lucyd nor Tekcapital intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
Each week, Benzinga’s Stock Whisper Index uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the surface and deserve attention.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Here's a look at the Benzinga Stock Whisper Index for the week of Aug. 30:
Realty Income Corp : Known to many as "the monthly dividend company," Realty Income is a real estate investment trust that pays out dividends on a monthly basis.
The stock saw increased interest from investors during the week, which could be related to a search for income to add to portfolios. The company reported adjusted funds from operations of $1.06 for the three months ending June 30.
"Supporting our stable and growing cash flow stream, our liquidity position remains strong, and our operations and portfolio of leading clients are healthy. Given these strengths, I am confident our global, diversified platform remains positioned to continue to deliver favorable risk-adjusted returns, given our current visibility into our future pipeline of opportunities," Realty Income CEO Sumit Roy said.
The company could be seeing interest from investors due to its stable history of paying out and increasing dividends. Realty Income shares are up 1.1% over the last week as seen on the Benzinga Pro chart below and up 4.8% year-to-date in 2024.
Bristol-Myers Squibb Co : The global biopharmaceutical company saw increased interest from investors during the week, which could be for numerous reasons.
The company is expected to see approval for its schizophrenia treatment KarXT next month. The drug comes from Bristol Myers Squibb and Karuna Therapeutics, a company it acquired for $14 billion in December 2023.
In July, the company reported second-quarter revenue that beat analyst estimates with the company's portfolio of drugs and key blood thinner treatment Eliquis seeing strong growth.
"As we move into the second half of the year, we remain focused on prioritizing opportunities with the greatest growth potential and impact for patients, including the anticipated U.S. launch of KarXT," Bristol-Myers Squibb CEO Christopher Boerner said after second-quarter results.
Three analysts raised price targets on the company in August after the quarterly results. Bristol-Myers Squibb shares were up 4.3% over the last week and remain down on a year-to-date basis.
Travelers Companies Inc : The insurance company saw strong interest from investors on minimal news.
The attention to the company could be coming as 2024 was expected to be an above-average hurricane season according to forecasts, but so far has been on the milder side.
A milder season could benefit the company financially. Travelers shares were up 3.1% over the last week and are up 18% year-to-date in 2024.
Innovative Eyewear L: Shares of the eyeglasses and sunglasses company surged during the week on news of the company's products being sold through Target's digital channels.
The company's Lucyd Lyte frames are now available on Target.com. The low-float, $8 million company was highly volatile on the news as it is working to develop ChatGPT-enabled smart eyewear under its Lucyd brand and licensed brands like Nautica, Eddie Bauer and Reebok.
Shares of the company were up 38% over the last week, but remain down 43% year-to-date in 2024.
Edison International : Utility stocks continue to be strong performers in recent weeks, which could be why Edison International saw strong interest from Benzinga readers during the week.
The owner of Southern California Edison has over five million utility customers. The company saw several analysts raise price targets after quarterly earnings.
Edison International is forecasting strong growth ahead along with working on minimizing the risk of fires in California. Shares of the utility company were up around 2% over the last week and are up nearly 20% year-to-date in 2024.
Stay tuned for next week’s report, and follow Benzinga Pro for all the latest headlines and top market-moving stories here.
Read the latest Stock Whisper Index reports here:
Read Next:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Shares of MongoDB, Inc. rose sharply in today's pre-market trading after the company reported better-than-expected second-quarter financial results and issued strong guidance.
MongoDB reported quarterly earnings of 70 cents per share, which beat the analyst consensus estimate of 49 cents by 42.86%. Quarterly sales came in at $478.1 million, which beat the consensus estimate by 3.03% and represents growth of 12.82% from the same period last year.
MongoDB shares jumped 15.2% to $283.07 in the pre-market trading.
Here are some other stocks moving in pre-market trading.
Gainers
Losers
Now Read This:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining 1% on Thursday.
The Dow traded up 1.02% to 41,508.88 while the NASDAQ rose 0.34% to 17,616.32. The S&P 500 also rose, gaining, 0.50% to 5,620.08.
Check This Out: Top 3 Tech Stocks You’ll Regret Missing This Month
Leading and Lagging Sectors
Energy shares climbed by 1.5% on Thursday.
In trading on Thursday, real estate shares fell by 0.5%.
Top Headline
Dollar General Corporation reported worse-than-expected second-quarter results and lowered its 2024 guidance.
The retail behemoth reported second-quarter earnings per share of $1.70, missing the analyst consensus of $1.78. Quarterly sales of $10.21 billion (+4.2% year over year) missed the street view of $10.368 billion.
Dollar General has revised its fiscal year 2024 outlook, lowering its EPS forecast from a range of $6.80 to $7.55 to a new range of $5.50 to $6.20, compared to the $7.12 estimate. The company also reduced its revenue forecast from $41.01 billion to $41.28 billion to a revised range of $40.51 billion to $40.74 billion, against the $41.02 billion estimate.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded up 1.8% to $75.88 while gold traded up 0.9% at $2,559.70.
Silver traded up 2.5% to $29.925 on Thursday, while copper rose 0.1% to $4.2225.
Euro zone
European shares closed higher today. The eurozone's STOXX 600 gained 0.76%, Germany's DAX rose 0.69% and France's CAC 40 rose 0.84%. Spain's IBEX 35 Index rose 0.23%, while London's FTSE 100 rose 0.43%.
Annual inflation rate in Germany eased to 1.9% in August from 2.3% in July. The consumer confidence indicator in the Eurozone declined to -13.5 in August, versus earlier expectations of -13.4. The economic sentiment indicator in the Eurozone climbed to 96.6 in August from the revised 96 in the prior month
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan's Nikkei 225 falling 0.02%, Hong Kong's Hang Seng Index gaining 0.53%, China's Shanghai Composite Index falling 0.50% and India's BSE Sensex rising 0.43%.
The consumer confidence index in Japan came in unchanged at 36.7 in August.
Economics
Now Read This:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.