에 대한 최신 뉴스 GXO Logistics (NYSE:GXO) 주식

GXO Logistics

GXO Logistics Inc is a contract logistics company. Its revenue is diversified across numerous verticals and customers, including many multinational corporations. It provides warehousing and distribution, order fulfillment, e-commerce, reverse logistics, and other supply chain services differentiated by its ability to deliver technology-enabled, customized solutions at scale. Geographically, it generates revenue from the United Kingdom, the United States, the Netherlands, France, Spain, Italy, and other countries, and derives the majority of its revenue from the United Kingdom.

GXO Logistics Inc

Satoshi Nakamoto, the pseudonymous creator of Bitcoin (BTC), has found himself at the <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37342088/what-is-going-on-with-bitcoin-founder-satoshi-nakamoto">center of renewed attention</a>.
What Happened: Not only is Nakamoto&#8217;s fortune expanding, making him one of the world&#8217;s wealthiest individuals, but his mysterious identity has also sparked further intrigue with the upcoming HBO documentary, "Money Electric: The Bitcoin Mystery," which aims to explore the <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41179372/satoshi-nakamoto-about-to-be-unveiled-bitcoin-creators-identity-focal-point-of-upcoming-hb">enigma surrounding Bitcoin&#8217;s creator.</a>
According to the Forbes Real-Time Billionaires list, Nakamoto currently ranks as the 26th-richest person in the world. 
His growing wealth and anonymity have captured the imagination of many Bitcoin supporters, with some believing this trend will only strengthen as the cryptocurrency market evolves. 
The possibility of Nakamoto eventually becoming the wealthiest person while remaining anonymous has even sparked speculation among crypto enthusiasts. 
&#8220;It&#8217;ll be interesting if the wealthiest person in the world is unknown,&#8221; pondered Preston Pysh, co-founder of the cryptocurrency fund Ego Death Capital. 
Many analysts argue that this scenario could materialize if Bitcoin&#8217;s price reaches $212,000 per coin—a prospect that aligns with bullish predictions from figures like Max Keiser.
Adding fuel to the mystery, a recent release of Nakamoto&#8217;s emails with early Bitcoin collaborator Martti Malmi has offered a glimpse into the creator&#8217;s mindset during Bitcoin&#8217;s formative years. 
The emails reveal Nakamoto's concerns about Bitcoin's identity, usage, and perception. In one 2009 email, Nakamoto expressed discomfort with Bitcoin being referred to as an investment, stating, &#8220;It's okay if they [investors] come to that conclusion on their own, but we can't pitch it as that.&#8221;
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41171878/franklin-templeton-seeks-sec-approval-for-dual-bitcoin-ethereum-index-etf">Franklin Templeton Seeks SEC Approval For Dual Bitcoin, Ethereum Index ETF</a>
It was around this time that Nakamoto also coined the term &#8220;cryptocurrency,&#8221; suggesting its use in describing Bitcoin&#8217;s unique attributes.
Nakamoto also foresaw potential criticisms of Bitcoin&#8217;s environmental impact, arguing that even if it grew to consume significant energy, it would still be &#8220;less wasteful than the labour [sic] and resource-intensive conventional banking activity it would replace.&#8221; 
His careful consideration of Bitcoin's future challenges underscores the depth of his understanding of the project's broader implications. 
These insights, paired with Nakamoto&#8217;s ongoing anonymity, continue to captivate the cryptocurrency community and shape the narrative around Bitcoin&#8217;s development.
Why It Matters: Now, HBO&#8217;s upcoming documentary adds yet another layer to this ongoing intrigue.
The trailer for &#8220;Money Electric: The Bitcoin Mystery&#8221; features interviews with prominent figures in the crypto world, such as Blockstream CEO Adam Back, who claims to have had email correspondence with Nakamoto and was previously speculated to be Bitcoin&#8217;s creator. 
The documentary explores various theories, including the notion that Nakamoto could be a group of individuals rather than a single person. 
Nakamoto is estimated to hold 1.1 million Bitcoin, as per on-chain analytics platform Arkham Intelligence, solidifying his status as one of the world&#8217;s richest individuals.
This renewed interest comes amid ongoing debates within the Bitcoin community regarding Nakamoto&#8217;s legacy and the significance of his anonymity. 
While some view speculation over his identity as &#8220;childish&#8221; and irrelevant, others find it to be an essential part of Bitcoin&#8217;s lore. 
"The fact that the world's richest person could be a pseudonymous human rights activist is one of the coolest things ever," says Alex Gladstein, Chief Strategy Officer at the Human Rights Foundation.
Speculation over Nakamoto's identity has long been a subject of intrigue, with several names floated over the years, including Australian computer scientist Craig Wright, late American software developer Hal Finney, and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) creator Charlie Lee. 
Notably, Wright, who once claimed to be Nakamoto, was ordered by a UK judge earlier this year to publicly deny his assertion, adding to the complex tapestry of Bitcoin&#8217;s origins.
What&#8217;s Next: The discussions around Nakamoto, Bitcoin&#8217;s rise, and the cryptocurrency market&#8217;s future are set to be key topics at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41170754/donald-trump-is-now-level-with-kamala-harris-at-49-5-election-odds-after-september-rollerc">Donald Trump Is Now Level With Kamala Harris At 49.5% Election Odds After September Rollercoaster</a></li>
</ul>
Image: Shutterstock
Some elements of this story were previously reported by Benzinga and it has been updated.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

News

Markets

$LTC

Satoshi Nakamoto Being Pseudonymous 'Is One Of The Coolest Things Ever,' Human Rights Activist Said—Could The HBO Documentary Kill The Mystery?

WIIM

ZIM Integrated Shipping Services shares are trading lower after after the Dockworkers' union suspended its strike until January 15 after it reached a tentative deal.

Former President Donald Trump recently shared his economic strategy during an interview with financial expert Dave Ramsey. The conversation, which aired on Friday, centered on addressing inflation and energy policies.
What Happened: In the latest episode of &#8220;The Ramsey Show,&#8221; Trump stressed the need to reduce energy costs as a means to combat inflation. He stated, &#8220;The first thing you have to do is get the energy down.&#8221; 
Trump believes that lowering energy prices would ease economic pressures and help reduce interest rates.
He criticized the current administration&#8217;s energy policies, suggesting they reversed his previous measures. Trump expressed intentions to resume drilling activities, stating, &#8220;We are going to drill at a level that you haven&#8217;t seen since let&#8217;s say four or five years ago.&#8221;
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See Also: <a href="https://www.benzinga.com/news/24/09/41080855/kim-jong-uns-sister-says-us-making-incredible-mistake-by-giving-8b-in-military-aid-to-ukraine-should?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kim Jong Un&#8217;s Sister Says US Making &#8216;Incredible Mistake&#8217; By Giving $8B In Military Aid To Ukraine: &#8216;Should Not&#8230;Underestimate Russia&#8217;s Serious Warning&#8217;</a>
Additionally, Trump highlighted the potential of energy resources in Alaska, comparing it to Saudi Arabia. He claimed that under his leadership, the U.S. would have been a leading energy supplier globally.
Why It Matters: Trump&#8217;s focus on energy costs as a solution to economic issues is not new. In a previous interview with ABC 15 in Phoenix, he highlighted <a href="https://www.benzinga.com/startups/24/08/40425556/one-of-the-biggest-problems-is-the-price-of-energy-donald-trump-says-when-reporter-asks-how-he-propo">energy prices as a major factor</a> affecting housing affordability. He promised to significantly reduce these costs, which he sees as a key to alleviating financial burdens.
However, experts have raised concerns about the feasibility of Trump&#8217;s energy strategy. While Trump pledges to cut energy costs by<a href="https://www.benzinga.com/news/24/09/40703958/trumps-drill-baby-drill-pledge-may-not-deliver-promised-energy-price-cuts-experts-warn"> half or more</a>, the complexities of global and regional energy markets may hinder such drastic reductions. Factors like weather patterns and global conflicts influence energy prices, which are not easily controlled by policy changes.
Additionally, Trump&#8217;s claim that inflation has cost American households $28,000 has been met with skepticism. During a <a href="https://www.benzinga.com/personal-finance/24/09/41047735/trump-claims-inflation-has-cost-american-households-28-000-is-he-right-heres-what-financial-expe">rally in Las Vegas</a>, he reiterated this figure, sparking debate among economists and analysts regarding its accuracy.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41110135/trumps-niece-says-vance-handed-down-huge-advantage-in-debate-with-walz-labels-him-inveterate-liar?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Niece Says Vance Handed Down Huge &#8216;Advantage&#8217; In Debate With Walz, Labels Him &#8216;Inveterate Liar&#8217;</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Image via Shutterstock

Politics

Economics

General

Trump Tells Dave Ramsey How He Plans To Lower Interest Rates And Inflation: 'The First Thing You Have To Do Is...'

Throughout 2024, Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) insiders have been actively selling shares, tallying transactions over $1.8 billion, with expectations of more to come, <a href="https://www.bloomberg.com/news/articles/2024-10-03/nvidia-insider-share-sales-top-1-8-billion-and-more-are-coming?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">Bloomberg</a> reports.
The most notable of these insiders, CEO Jensen Huang, executed sales of approximately $713 million through a predetermined trading arrangement known as a 10b5-1 plan. Director&nbsp;Mark Stevens'&nbsp;trust has&nbsp;filed&nbsp;to sell 3 million additional shares in addition to the 1.6 million it sold in 2024.
This massive wave of stock sales occurs amid market anxieties surrounding Nvidia's delayed Blackwell chips and ongoing investments in AI technology.
Despite these concerns, insiders maintain a robust holding, illustrating a potentially strategic timing rather than a loss of confidence. Still, Nvidia stock is up 179% in the last 12 months, and its outstanding shares stand at 23.5 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41169322/amazons-profitable-essential-merchandise-efficiency-gains-set-to-drive-growth-analyst" rel="noreferrer noopener">Amazon's Profitable Essential Merchandise, Efficiency Gains Set To Drive Growth: Analyst</a>
Recently, Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chief Jensen Huang dispelled Wall Street concerns by <a target="_blank" href="https://www.benzinga.com/news/24/10/41168777/whats-going-on-with-nvidia-stock-on-thursday" rel="noreferrer noopener">acknowledging massive demand</a> for Nvidia's Blackwell&nbsp;GPU, whose production and progress are going as planned.
Meanwhile, Nvidia is applying spatial AI in autonomous driving and warehouse automation, using robots to simulate real-world scenarios.
Nvidia's <a target="_blank" href="https://www.benzinga.com/news/24/10/41139084/nvidia-expands-ai-offerings-with-new-open-source-models-and-unreal-engine-5-plugins" rel="noreferrer noopener">recent launches include</a> open-source AI models and new Unreal Engine 5 plugins enabling AI-powered MetaHuman characters, catering to AI-driven gaming.
Wedbush analyst Dan Ives projected <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41151741/nvidias-ai-leadership-to-drive-1-trillion-market-growth-with-accenture-partnership-" rel="noreferrer noopener">Nvidia as a beneficiary</a> of the trillion-dollar AI spending by the U.S. hyperscalars.
Investors can gain exposure to Nvidia through SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
<h2 class="wp-block-heading">Nvidia Stock Prediction For 2024</h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at NVIDIA, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For NVIDIA, the 200-day moving average sits at $95.76, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $122.85. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
Price Action:&nbsp;NVDA stock is up 0.39% at $123.33 premarket at the last check Friday.
Also Read:
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<li><a href="https://www.benzinga.com/government/24/10/41140484/taiwan-semiconductor-has-soared-96-but-geopolitical-risks-persist" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Has Soared 96% But Geopolitical Risks Persist</a></li>
</ul>
Image via Shutterstock

Tech

Media

NVDA

Nvidia's Top Brass Unloaded Significant Stock In 2024 Amid AI Spending and Chip Delays

When Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) releases earnings results for its third quarter <a href="https://www.benzinga.com/quote/PSX/earnings">on Tuesday, Oct. 29</a>, analysts expect the company to report quarterly earnings at $2.1 per share. That&#8217;s down from $4.63 per share in the year-ago period. 
Phillips 66 projects to report revenue of $34.75 billion for the recent quarter, down from $40.32 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
With the recent buzz around Phillips 66, some investors may be eyeing potential gains from the company's dividends, too. The company currently offers an annual dividend yield of 3.31% — a quarterly dividend of $1.15 per share ($4.60 a year).
Want to earn $500 monthly from Phillips 66? Start with the yearly target of $6,000 ($500 x 12 months).
Next, take that amount and divide it by Phillips 66's $4.60 dividend: $6,000 / $4.60 = 1,304 shares
So, an investor would need to own approximately $181,165 worth of Phillips 66, or 1,304 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $3.12 = 261 shares, or $36,261 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
Price Action: Shares of Phillips 66 gained by 3.3% to close at $138.93 on Thursday.
On Oct. 2, JPMorgan analyst John Royall maintained Phillips 66 with an Overweight rating and lowered the price target from $160 to $141.
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Read More: 
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</ul>
Image: Shutterstock

Earnings

Long Ideas

Trading Ideas

How To Earn $500 A Month From Phillips 66 Stock Ahead Of Q3 Earnings

MURA

Mural Oncology shares are trading higher after Raymond James initiated coverage on the stock with a Strong Buy and announced an $18 price target.

Apollo Global Management shares are trading higher following a report suggesting the company is in talks to acquire Barnes Group.

ExxonMobil – on behalf of Mozambique Rovuma Venture (MRV), operator of the Area 4 concession in northern Mozambique's Rovuma Basin – announces its strategic decision to select Chart Industries' (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>) ("Chart") IPSMR&#xAE; liquefaction technology and proprietary equipment for the Rovuma LNG project at the Afungi peninsula.&nbsp; &nbsp;
The Rovuma LNG Project will produce, liquefy and market natural gas from reservoirs of the Area 4 block of the offshore Rovuma Basin and includes the construction of 12 modules of 1.5 MTA each, with a total LNG capacity of 18 million tonnes annually, as well as associated onshore facilities.&nbsp; The selection of Chart IPSMR&#xAE; for the 12 liquefaction modules is expected to help enable increased project competitiveness, improved reliability and lower GHG emissions.

GTLS

ExxonMobil Selects Chart Industries' IPSMR Liquefaction Process Technology And Proprietary Equipment For The Rovuma LNG Project At The Afungi Peninsula

Barnes Group shares are trading higher following a report suggesting that Apollo Global Management is in talks to acquire the company.

U.S. stock futures were higher this morning, with the Dow futures gaining over 50 points on Friday.
Shares of Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) fell sharply in today's pre-market trading after the company lowered its annual production guidance due to supply shortage of shared component on the <a href="https://www.benzinga.com/markets/equities/24/10/41182921/rivians-production-forecast-hits-bump-supply-shortage-sends-shares-tumbling">R1 and RCV platforms</a>.
The company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois, and delivered 10,018 cars during the same period. Rivian is experiencing a supply shortage that began in the third quarter of this year and has intensified in recent weeks.
Rivian Automotive shares dipped 6.8% to $10.05 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Sage Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) shares declined 11.3% to $6.20 in pre-market trading.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares dipped 7% to $20.17 in pre-market trading after falling around 7% on Thursday.</li>
<li>Hyliion Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HYLN#NYSE">HYLN</a>) shares fell 5.7% to $2.3290 in pre-market trading. Hyliion recently announced its KARNO linear generator now qualifies under California&#8217;s renewables portfolio standard.</li>
<li>Phibro Animal Health Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAHC#NASDAQ">PAHC</a>) shares fell 5.4% to $20.00 in pre-market trading,</li>
<li>AMTD Digital Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HKD#NYSE">HKD</a>) shares fell 5.2% to $4.95 in pre-market trading after jumping over 33% on Thursday.</li>
<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) shares declined 4.4% to $6.04 in pre-market trading. EVgo shares jumped more than 60% on Thursday after the company announced it received a $1.05 billion conditional commitment for a Department of Energy (DOE) loan guarantee to accelerate the buildout of public fast charging across the US.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/24/10/41180069/dow-tumbles-nearly-200-points-amid-growing-middle-east-concerns-investor-optimism-declines-fear-ind">Dow Tumbles Nearly 200 Points Amid Growing Middle East Concerns: Investor Optimism Declines, Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

Movers

EVGO

HYLN

PAHC

RIVN

SAGE

Rivian Automotive Cuts Production Outlook, Joins EVgo And Other Big Stocks Moving Lower In Friday's Pre-Market Session

<a href="https://www.reuters.com/markets/deals/apollo-global-talks-buy-aerospace-parts-maker-barnes-group-sources-say-2024-10-03/">https://www.reuters.com/markets/deals/apollo-global-talks-buy-aerospace-parts-maker-barnes-group-sources-say-2024-10-03/</a>
&nbsp;
Private equity firm Apollo Global Management &nbsp;is in talks to acquire Barnes Group, a manufacturer of aerospace components with a market value of about $2 billion, people familiar with the matter said on Thursday.
Bristol, Connecticut-based Barnes is negotiating granting exclusivity to Apollo, which is set to prevail over other buyout firms that were also vying for the company, the sources said, requesting anonymity as the discussions are confidential.
The deal is likely to value Barnes at more than $45 per share, one of the sources said. The company's shares, which have risen about 25% since the start of the year, closed at about $40 apiece on Thursday.
If the talks are successful, a deal could be signed in the coming weeks, the sources said, cautioning a transaction is not guaranteed and another suitor could emerge if the talks with Apollo fall apart.
The company did not immediately respond to requests for comment. Apollo declined to comment.
Founded in 1857, Barnes is a maker of components for companies in sectors such as packaging, healthcare, aerospace, consumer, and electronics. Barnes' aerospace unit makes parts for commercial and military turbine engines, while its industrials unit develops molding and automation solutions for various industries.
Barnes has about 5,700 employees and operates 43 manufacturing locations, according to its website.
In the quarter ended June 30, Barnes reported a net loss of $46.8 million and revenue growth of 12% to $382.2 million, which fell short of analysts' expectations.
Activist investor Irenic Capital took a stake in Barnes in 2022 and pushed the company to shake up its board and explore a strategic review. In March, Barnes entered into a cooperation agreement with Irenic and appointed its co-founder Adam Katz to its board of directors.
&nbsp;
Apollo has been an active acquirer of companies in the industrials sector in recent years. Last year, Apollo struck an $8.1 billion deal to acquire chemical company Univar Solutions. It also agreed to buy industrial components maker Arconic for about $3 billion last year.
Bloomberg reported in June that Barnes was exploring strategic options including a sale.

Reported October 3, 2024 'Apollo Global In Talks To Buy Aerospace Parts Maker Barnes Group, Sources Say' - Reuters News

Phoenix Motor Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares are trading higher premarket on Friday after the company reported a substantial <a href="https://www.benzinga.com/pressreleases/24/10/ac41174162/phoenix-motor-reports-record-9-4-million-revenue-and-14-8-million-net-income-for-first-quarter-of" target="_blank" rel="noreferrer noopener">increase in the first-quarter results</a>.
Net revenues rose to $9.4 million from $1.8 million in the prior year quarter. Gross profit was $2.5 million vs. $0.2 million in the prior year quarter. EPS increased to $0.44 <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">from a loss of $0.13 in the prior year period</a>.
Denton Peng, CEO of Phoenix Motor, said, &#8220;Our substantial net income improvement was driven by a significant bargain purchase gain from our recent acquisition of Proterra&#8217;s Transit business, which was acquired for considerably below its fair market value.&#8221;
Total assets increased to&nbsp;$78.7 million from&nbsp;$11.6 million&nbsp;at December 31, 2023.
In April, Phoenix Motor disclosed its plans to create an Artificial Intelligence (AI)&nbsp;development <a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38245671/why-phoenix-motor-shares-are-surging-premarket-monday" rel="noreferrer noopener">center in Silicon Valley, California</a>.&nbsp;
Earlier this year, the company inked an Integration Agreement with InductEV to develop software, hardware, and, cooling and electrical systems integration of InductEV's wireless charging pads with its&nbsp;zero-emission drive systems.&nbsp;
&#8220;Combined with strategic initiatives, including new product launches and key partnerships, we expect to drive accelerating momentum across all of our business segments, positioning us well for long-term growth in the rapidly evolving electric vehicle sector,&#8221; Peng added.
Price Action: PEV shares are up 128.3% at $0.7933 premarket at the last check on Friday.
Read Next:
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<li><a href="https://www.benzinga.com//node/41179283" target="_blank" rel="noreferrer noopener">Ford&#8217;s US EV Sales Gather Pace In Q3 Even As Its Best-Seller Mustang Mach-E SUV Slows Down</a></li>
</ul>

Equities

Small Cap

Why Is Phoenix Motor Stock Rocketing Premarket On Friday?

Oppenheimer analyst Tyler Batory reiterates Apple Hospitality REIT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APLE#NYSE">APLE</a>) with a Outperform and maintains $17 price target.

Price Target

Reiteration

Analyst Ratings

APLE

Oppenheimer Reiterates Outperform on Apple Hospitality REIT, Maintains $17 Price Target

SAVE: -44% &#x7C; <a href="https://www.benzinga.com//node/41183035">Spirit Airlines shares are trading lower following a report suggesting that the company is exploring the potential of filing for bankruptcy.</a>
&nbsp;
BENF: 64% &#x7C; <a href="https://www.benzinga.com//node/41183001">Beneficient shares are trading higher after the company announced its subsidiary, Beneficient Company Holdings, consummated a previously announced transaction pursuant to which approximately $126 million of its preferred equity was redesignated as non-redeemable.</a>
&nbsp;
RIVN: -9% &#x7C; <a href="https://www.benzinga.com//node/41181423">Rivian shares are trading lower after the company lowered its annual production guidance due to supply shortage of shared component on the R1 and RCV platforms.Rivian shares are trading lower after the company lowered its annual production guidance due to supply shortage of shared component on the R1 and RCV platforms.</a>

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Market-Moving News for October 4th

Truist Securities analyst Bill Chappell maintains Constellation Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Hold and lowers the price target from $265 to $255.

Truist Securities Maintains Hold on Constellation Brands, Lowers Price Target to $255

Smart Sand shares are trading higher after the company announced it declared a special cash dividend of $0.10 per share and authorized a $10 million buyback.

Truist Securities analyst Jamie Cook maintains AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) with a Buy and raises the price target from $108 to $119.

Truist Securities Maintains Buy on AECOM, Raises Price Target to $119

<h3>Gainers</h3>
<ul>
<li>Snail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAL#NASDAQ">SNAL</a>) stock increased by 21.1% to $0.88 during Friday's pre-market session. The company's market cap stands at $32.3 million. </li>
<li>Starbox Group Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STBX#NASDAQ">STBX</a>) shares moved upwards by 10.09% to $0.14. The market value of their outstanding shares is at $66.2 million. </li>
<li>LQR House (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQR#NASDAQ">LQR</a>) stock increased by 9.23% to $0.49. The market value of their outstanding shares is at $2.6 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) stock moved upwards by 8.94% to $1.34. The market value of their outstanding shares is at $4.6 million. </li>
<li>9F (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFU#NASDAQ">JFU</a>) shares rose 8.08% to $2.54. The market value of their outstanding shares is at $29.9 million. </li>
<li>Zhihu (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZH#NYSE">ZH</a>) shares rose 5.88% to $4.5. The market value of their outstanding shares is at $442.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Oriental Culture Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCG#NASDAQ">OCG</a>) stock fell 13.3% to $1.3 during Friday's pre-market session. The company's market cap stands at $5.9 million. </li>
<li>ZW Data Action Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNET#NASDAQ">CNET</a>) stock fell 8.01% to $2.3. The company's market cap stands at $4.1 million. </li>
<li>HWH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) stock fell 6.2% to $1.06. The company's market cap stands at $23.5 million. </li>
<li>AirNet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) stock fell 5.0% to $0.33. The company's market cap stands at $4.7 million. </li>
<li>NextPlat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPL#NASDAQ">NXPL</a>) stock decreased by 4.77% to $1.2. The company's market cap stands at $34.1 million. </li>
<li>BloomZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) stock decreased by 3.57% to $0.71. The company's market cap stands at $9.5 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Communication Services Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Mural Oncology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MURA#NASDAQ">MURA</a>) shares moved upwards by 16.4% to $3.72 during Friday's pre-market session. The market value of their outstanding shares is at $63.4 million. </li>
<li>Universe Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPC#NASDAQ">UPC</a>) stock rose 14.23% to $0.25. The market value of their outstanding shares is at $5.9 million. </li>
<li>Biodesix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDSX#NASDAQ">BDSX</a>) shares moved upwards by 12.42% to $1.9. The company's market cap stands at $275.8 million. </li>
<li>Allakos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLK#NASDAQ">ALLK</a>) shares increased by 12.38% to $0.75. The company's market cap stands at $66.9 million. </li>
<li>SCWorx (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WORX#NASDAQ">WORX</a>) stock increased by 11.41% to $1.25. The market value of their outstanding shares is at $1.9 million. </li>
<li>aTyr Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATYR#NASDAQ">ATYR</a>) stock moved upwards by 9.19% to $1.9. The company's market cap stands at $144.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Avinger (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGR#NASDAQ">AVGR</a>) stock declined by 17.1% to $1.07 during Friday's pre-market session. The market value of their outstanding shares is at $2.3 million. </li>
<li>Renovaro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RENB#NASDAQ">RENB</a>) shares fell 12.49% to $0.44. The market value of their outstanding shares is at $67.6 million. </li>
<li>Sage Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAGE#NASDAQ">SAGE</a>) stock decreased by 11.28% to $6.2. The company's market cap stands at $378.6 million. </li>
<li>Chromocell Therapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CHRO#AMEX">CHRO</a>) shares decreased by 10.3% to $0.61. The market value of their outstanding shares is at $3.5 million. </li>
<li>Reshape Lifesciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSLS#NASDAQ">RSLS</a>) stock decreased by 7.86% to $4.66. The market value of their outstanding shares is at $2.3 million. </li>
<li>BioCardia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCDA#NASDAQ">BCDA</a>) shares declined by 7.83% to $2.59. The company's market cap stands at $9.0 million. 
See Also: <a href="http://www.benzinga.com/money/best-healthcare-stocks/" title="www.benzinga.com/money/best-healthcare-stocks/">www.benzinga.com/money/best-healthcare-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Health Care Stocks Moving In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>noco-noco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) stock moved upwards by 101.7% to $0.27 during Friday's pre-market session. The company's market cap stands at $47.4 million. </li>
<li>Nuburu (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BURU#AMEX">BURU</a>) shares moved upwards by 18.24% to $0.53. The market value of their outstanding shares is at $2.2 million. </li>
<li>Alpha Pro Tech (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/APT#AMEX">APT</a>) shares moved upwards by 9.26% to $6.25. The company's market cap stands at $69.8 million. </li>
<li>Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) stock rose 8.81% to $74.46. The company's market cap stands at $1.6 billion. The company's, Q2 earnings came out today. </li>
<li>Zeo Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZEO#NASDAQ">ZEO</a>) stock moved upwards by 8.6% to $1.89. The company's market cap stands at $10.9 million. </li>
<li>Redwire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDW#NYSE">RDW</a>) shares rose 8.23% to $7.23. The market value of their outstanding shares is at $481.0 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares fell 33.9% to $1.48 during Friday's pre-market session. The company's market cap stands at $162.0 million. </li>
<li>AgEagle Aerial Sys (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#AMEX">UAVS</a>) shares declined by 12.1% to $0.11. The company's market cap stands at $1.6 million. </li>
<li>ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) shares decreased by 10.02% to $19.5. The company's market cap stands at $2.3 billion. </li>
<li>Stem (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEM#NYSE">STEM</a>) shares decreased by 9.03% to $0.44. The market value of their outstanding shares is at $70.5 million. </li>
<li>Fusion Fuel Green (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTOO#NASDAQ">HTOO</a>) shares fell 6.1% to $0.51. The company's market cap stands at $9.8 million. </li>
<li>Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) stock fell 5.76% to $0.13. The company's market cap stands at $1.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

APOG

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In a report released today, Brandon Oglenski from Barclays maintained a Hold rating on GXO Logistics (GXO – Research Report), with a price target o...

Barclays Keeps Their Hold Rating on GXO Logistics (GXO)

GXO Logistics and Forum Sport launch new partnership in Spain

Air freight stocks down today amid port strikes

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Press Releases

GXO recognized by Ex-Forces in Business for support of British veterans and reservists

GXO Signs Industry-First Multi-Year Agreement with Agility Robotics

GXO Schedules Second Quarter 2024 Earnings  Conference Call for Tuesday, August 6, 2024

GXO appoints Rui Marques as Managing Director in Spain and Portugal

GXO Reports Second Quarter 2024 Results

GXO Extends Longstanding Partnership with Affinity Petcare

GXO CEO Malcolm Wilson to Join Fireside Chat at the Morgan Stanley 12th Annual Laguna Conference

GXO appoints Emmanuel Bonnet as Vice President of Business Development in France

GXO Partners with Reflex Robotics to Deploy New Warehouse Automation

GXO and Forum Sport launch new partnership in Spain

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Air Transport Services Group, Inc - Common Stock

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Addentax Group

BEST Inc. American Depositary Shares, each representing twenty (20) Class A Ordinary Shares

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