에 대한 최신 뉴스 Nu Holdings (NYSE:NU) 주식

Nu Holdings

Nu Holdings Ltd is engaged in providing digital banking services. It offers several financial services such as Credit cards, Personal Account, Investments, Personal Loans, Insurance, Mobile payments, Business Accounts, and Rewards. The company earns the majority of its revenue in Brazil.

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리스크 온(Risk-on) 심리가 추수감사절 이후 월스트리트에서 힘을 얻으면서, 미국 기업들의 4분기 이익 전망에 대한 투자자들의 낙관론으로 S&amp;P 500과 다우지수가 모두 새로운 기록 최고치를 경신했다.
S&amp;P 500 지수는 금요일에 6,040포인트를 돌파하고 6,032로 마감하여 연초 대비 27%라는 인상적인 상승률을 기록했다. 만약 금요일에 연도가 끝났다면, 미국 주식 시장은 지난 2년 동안 무려 57%나 급등했을 것이며, 이는 1998년 이후 가장 강력한 상승세이다.

S&amp;P 500, 다우지수 사상 최고치 경신; 달러 8주 상승 후 하락; 비트코인 $97,000 돌파

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누 홀딩스(NYSE:NU)는 수요일(13일) 장 마감 후 3분기 실적을 발표했다. 이번 실적 보고서의 세부 내용을 살펴보자.실적 세부 내용: 누 홀딩스의 주당순이익은 11센트로 애널리스트 컨센서스 예상치와 일치했다. 분기 매출은 29억 4천만 달러로 애널리스트 컨센서스 예상치 28억 5천만 달러를 초과했으며, 작년 같은 기간에 비해 21억 4천만 달러 증가했다.

워런 버핏이 투자한 누 홀딩스의 3분기 실적: 매출 예상치 상회, EPS는 예상치 부합

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이들 10개 대형주는 8월 최고의 성과를 거두었다. 그것들이 당신의 포트폴리오에 있나요? 1. 어펌 홀딩스(NASDAQ:AFRM)의 주식은 8월에 66.58% 상승했다. 이는 강력한 4분기 실적과 긍정적인 1분기 가이던스를 발표한 후 발생한 일이다.

어펌, 쇼피파이 그리고 스타벅스는 8월 최고 성과를 보여준 10개 대형주 중 일부

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NUMINUS WELLNESS INC by Numinus Wellness Inc.

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Nuveen AMT-Free Municipal Value Fund

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These eleven large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) shares dipped 20.52% after the company released headline results from the REDEFINE 1 Phase 3 <a href="https://www.benzinga.com//node/42613036" target="_blank" rel="noreferrer noopener">trial in the global REDEFINE program</a>.</li>
<li>Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) stock declined 14.33% after the company announced results from its <a href="https://www.benzinga.com//node/42599745" target="_blank" rel="noreferrer noopener">Phase 2 study of Suzetrigine</a>.</li>
<li>XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) shares were down 13.47%.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) shares fell 13.33% last week as the company is <a href="https://www.benzinga.com//node/42520765" target="_blank" rel="noreferrer noopener">set to be removed</a> from the Nasdaq 100 Index.</li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) stock plummeted 13.07%. A new government fiscal spending package and last week&#8217;s central bank rate hike could erode global investor confidence and raise concerns over the nation&#8217;s deficit.</li>
<li>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) stock was down 13.01%, likely due to continued weakness stemming from its <a href="https://www.benzinga.com//node/42538739" target="_blank" rel="noreferrer noopener">ongoing legal dispute</a> with Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).</li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares decreased 12.08% after the company reported mixed earnings results and issued weak guidance for the current quarter. <a href="https://www.benzinga.com//node/42594359" target="_blank" rel="noreferrer noopener">Multiple analysts also lowered price forecasts</a>.</li>
<li>Paycom Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAYC#NYSE">PAYC</a>) stock lost 11.63% last week, a result of the Fed rate decision that caused a selloff in software stocks.</li>
<li>Cintas Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) stock declined 11.50% after the company reported <a href="https://www.benzinga.com//node/42588404" target="_blank" rel="noreferrer noopener">second-quarter financial results</a>. Several analysts lowered <a href="https://www.benzinga.com/quote/ctas/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast on the stock</a>.</li>
<li>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) <a href="https://www.benzinga.com//node/42603589" target="_blank" rel="noreferrer noopener">declined 11.43%</a>.</li>
<li>monday.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDY#NASDAQ">MNDY</a>) stock dived 11.20% after Citigroup cut its price forecast <a href="https://www.benzinga.com/quote/mndy/analyst-ratings" target="_blank" rel="noreferrer noopener">on the stock from $338 to $302</a>.</li>
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<li><a href="https://www.benzinga.com/news/large-cap/24/12/42638256/teva-pharmaceutical-li-auto-and-darden-restaurants-are-among-top-large-cap-gainers-last-week-december-16-20-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Teva Pharmaceutical, Li Auto, And Darden Restaurants Are Among Top Large Cap Gainers Last Week (December 16-20): Are The Others In Your Portfolio?</a></li>
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Novo Nordisk, Super Micro Computer And Arm Are Among Top Large Cap Losers Last Week (December 16-20): Are The Others In Your Portfolio?

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Shares of Brazilian companies are trading lower. A new government fiscal spending package and last week's central bank rate hike could be eroding global investor confidence and raising concerns over the nation's deficit.

Warren Buffett just gained greater exposure to the burgeoning digital bank sector <a href="https://www.benzinga.com/topic/south-africa">in Africa and Asia.</a> 
What Happened: Nu Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) — backed by Buffett&#8217;s Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) — led a new funding round for Singapore-based Tyme Group.
Tyme specializes in building digital banks in emerging markets. Nu Holdings, which owns Brazil-based Nubank, invested $150 million for a 10% stake. The funding is part of a $250 million Series D round that values Tyme at $1.5 billion, TechCrunch <a href="https://techcrunch.com/2024/12/16/nubank-leads-250m-round-in-african-digital-bank-tyme-at-1-5b-valuation/">reported</a> on Monday.
Since launching in 2019, Tyme has raised $600 million. The startup is backed by African Rainbow Capital, which owns 40% majority stake. 
See Also: <a href="https://www.benzinga.com/24/12/42476879/warren-buffett-said-an-unusual-amount-of-people-look-at-berkshire-stock-as-a-savings-account-here-is-what-the-oracle-of-omaha-recommends-investing-novices-do">Warren Buffett Said An Unusual Amount Of People Look At Berkshire Stock As A Savings Account</a>
Why It Matters: Tyme mainly operates in South Africa and the Philippines, where it has 10 million users and 5 million users, respectively. The company has physical service locations and specializes in online banking, making it a hybrid digital banking model, according to the report.
Tyme, which operates as TymeBank in South Africa and as GoTyme in the Philippines, provides customers with debit cards, checking accounts, savings accounts, buy now pay later offerings and cash advances.
Tyme aims to go public with an IPO in the U.S. in 2028, according to the report. A secondary listing will take place in South Africa. The company plans to expand into Indonesia and Vietnam in 2025 as part of its Asian expansion.
You may not be a billionaire like Warren Buffett, but you can uncover hidden gems in the stock market. Use our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/social-media/24/12/42490690/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">check out five stocks flying under the radar that deserve your attention.</a>
Nu Holdings could help Tyme diversify into new geographies with strategic partnerships. It may also expand its stake in the company as digital banking across emerging markets continues to grow.
"We are excited to work with Tyme to share many of our learnings of scaling this model to hundreds of millions of customers," Nubank CEO David Vélez said.
Nu Holdings&#8217; Nubank is a large player in Brazil. It has also expanded to new markets like Mexico and Colombia in recent years.
In the most recently <a href="https://www.benzinga.com/news/earnings/24/11/41955291/warren-buffett-backed-bank-nu-holdings-posts-q3-results-eps-in-line-revenues-beat-estimates">reported third quarter,</a> Nu Holdings reported record quarterly revenue of $2.9 billion. That&#8217;s up 56% year-over-year. The company reported 109.7 million global customers, including around nine million in Mexico and around two million in Colombia, its two newest markets.
Several analysts raised <a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/41980265/nu-holdings-shares-are-trading-down-today-whats-going-on">their price targets </a>on the digital bank company after the earnings report, including:
<ul>
<li>Goldman Sachs: Maintained Buy rating, raised price target from $17 to $19</li>
<li>Susquehanna: Maintained Positive rating, raised price target from $16 to $18</li>
<li>KeyBanc: Maintained Overweight rating, raised price target from $15 to $17</li>
</ul>
Berkshire Hathaway invested $500 million in Brazil-based Nubank <a href="https://www.benzinga.com/markets/cryptocurrency/21/06/21488769/berkshire-hathaway-invests-500m-in-brazilian-digital-bank-nubank">back in June 2021</a>. It currently owns 86,438,997 Nu Holdings shares, representing a stake of around $1 billion and 1.8% of the company, according to a recent 13f <a href="https://www.sec.gov/Archives/edgar/data/1067983/000095012324011775/0000950123-24-011775-index.htm">filing </a>and <a href="https://www.cnbc.com/berkshire-hathaway-portfolio/">CNBC</a>.
Nu Holdings has also ventured into cryptocurrency services. The company previously disclosed that it would allocate a portion of its cash to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), representing one of the ways Buffett has<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41319774/if-you-invested-1-000-in-bitcoin-when-warren-buffett-called-it-rat-poison-squared-heres-ho"> exposure to the leading cryptocurrency</a> he once said was "probably rat poison squared."
Price Action: Nu Holding stock trades at $11.75 on Tuesday versus a 52-week trading range of $8.06 to $16.15. Nu Holdings stock is up 44% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/23/10/35244213/exclusive-scaramucci-on-what-warren-buffett-gets-wrong-about-bitcoin-doesnt-understand-the">EXCLUSIVE: Scaramucci On What Warren Buffett Gets Wrong About Bitcoin, Doesn&#8217;t Understand &#8216;The Whole History Of Money&#8217;</a></li>
</ul>
Image: Shutterstock

Financing

Warren Buffett Gains Exposure To Digital Banks In Africa, Asia: Here's How

Nubank leads series D funding round with US$ 150M investment; Tyme operates in South Africa and the Philippines with 15 million customers

Reported Earlier, Nubank Leads $150M Series D Investment In Tyme Group, Expanding Digital Banking Reach Across Africa And Southeast Asia

Legendary Wall Street investor Warren Buffett's anti-cryptocurrency stance doesn't need an introduction, and the "Oracle of Omaha" has consistently professed a complete lack of interest in the asset class.&nbsp;
Even the launch of the hugely popular spot exchange-traded funds linked to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) couldn't sway Buffett's opinion.
However, you might be surprised to learn that his firm, Berkshire Hathaway, has made significant investments in a lesser-known cryptocurrency-friendly firm.
What happened: Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), a Brazil-based holding company providing digital banking services, fares on the list of Berkshire Hathaway's acquisitions.
The bank launched its cryptocurrency arm, Nubank Cripto, in 2022, allowing customers to send and receive cryptocurrency assets directly from their wallets.
The platform initially started with Bitcoin, Ethereum, and Polygon (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/matic/usd">MATIC</a>), which later expanded to include coins such as Uniswap (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>) and Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>). Users can also convert their cryptocurrencies to stablecoins like USD Coin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>).
According to the company&#8217;s latest 13F <a href="https://www.sec.gov/Archives/edgar/data/1067983/000095012324011775/0000950123-24-011775-index.htm">filing</a>, Berkshire Hathaway held 86,438,997 shares of Nu Holdings, translating to a market value of&nbsp; $1.17 billion.
Over the last year, the stock has grown 40.23%, and more than 47% since 2024 began.&nbsp;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42452819/trump-backed-world-liberty-financial-bags-10m-in-ethereum-whats-going-on">Trump-Backed World Liberty Financial Bags $10M In Ethereum: What&#8217;s Going On?</a>
Why It Matters: While one could argue that Buffett invested in a firm whose core business wasn't tied around cryptocurrencies, the choice nonetheless provided an interesting contrast to his typically negative views on the asset.
Well, fair warning. Buffett's views might not be music to your ears if you are a cryptocurrency aficionado.
"In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending,&#8221; he <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42184221/warren-buffett-once-predicted-a-bad-ending-for-crypto-since-then-the-sectors-market-cap-has-quadrupled-riding-on-the-bitcoin-dogecoin-waves">said</a> back in 2018.
During Berkshire Hathaway's annual shareholder meeting in 2018, Buffett <a href="https://www.benzinga.com/general/24/03/37513063/warren-buffett-says-he-wouldnt-pay-25-for-all-the-bitcoin-in-the-world-he-considers-crypto-rat-poiso">described </a>Bitcoin as &#8220;probably rat poison squared.&#8221;
Price Action: Nu Holdings stock closed 2.20% lower at $11.99 during Thursday&#8217;s regular session, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/12/42452955/shiba-inu-poised-for-180-upside-says-analyst-hodlers-keep-selling">Shiba Inu Poised For 180% Upside, Says Analyst — HODLers Keep Selling</a></li>
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Photo courtesy: Shutterstock

$ETH

$LINK

$MATIC

$UNI

$USDC

Do You Know Warren Buffett's Berkshire Hathaway Has Positions In This Lesser-Known Crypto-Friendly Bank? Here's How The Stock Has Performed This Year

Shares of Brazilian stocks are trading lower amid a rise in borrowing costs and a depreciation of the Brazilian Real.

For much of this year, global fintech activity has remained strong, largely driven by increased consumer demand and small enterprises side-stepping high-street banking systems amid a high interest rate environment.&nbsp;
Despite the positive turnaround in operational activity, new investment deals continue to decline. In Q3, global fintech <a href="https://www.cbinsights.com/research/report/fintech-trends-q3-2024/">funding declined to $7.3 billion</a>, a 25% quarter-over-quarter decline.&nbsp;
However, new insights reveal that the U.S. currently leads in the global fintech market, representing 60%, or six of the top ten deals made during the third quarter. All top three positions were held by American fintech names, including a $1.0 billion funding deal for Sedgwick, an Ohio-based employee compensation managed care organization (MCO).&nbsp;
Across the board, the fintech funding landscape remains volatile, with investors retreating from big-dollar deals. Higher market uncertainty, geopolitical tension, and an overactive interest rate environment have seen many investors shifting gears, looking at established fintech firms to provide near-term buoyancy.&nbsp;
Investors remain hawkish about the financial and banking services sector. However, new digital developments, coupled with rising consumer demand, could present a more attractive opportunity for investors&#8217; long-term strategy. Though new deal activity remains muted, a handful of companies managed to outshine expectations following stronger third-quarter financial results.
<h2 class="wp-block-heading">Fidelity National Information Services</h2>
FIS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) is an operator of one of the largest financial technology service providers worldwide and serves banks, capital markets, and various financial institutions. Annually, FIS processes more than $10 trillion in global transactions with a strong focus on banking and market technology.&nbsp;
<a href="https://www.investor.fisglobal.com/news-releases/news-release-details/fis-reports-strong-third-quarter-2024-results-and-raises-full">Third-quarter financial results</a> showed impressive gains across the board, with FIS reporting $2.6 billion in revenue, up 3% on a GAAP basis and 4% on an adjusted basis. Stronger Adjusted Earnings Per Share (EPS) of $1.40 rose by 49% compared to the same period last year, allowing management to raise its adjusted full-year outlook and adjusted EPS full-year outlook.&nbsp;
Recent quarterly earnings represent the first full quarter since FIS completed the sale of a 55% stake in Worldplay to global private equity firm GTCR. The "Worldplay" sale was announced in January 2024, and by July, FIS completed the $11.7 billion sale, retaining a 45% non-controlling minority stake in Worldplay.&nbsp;
Based on third-quarter results, banking solutions remain FIS' biggest, and perhaps most lucrative business segment. In recent reporting, banking solutions revenue rose 3% on an adjusted basis, totaling $1.8 billion compared to the same quarter last year.&nbsp;
Improvement of adjusted EBITDA margin added to the company's cost-saving initiatives, allowing for better operating leverage. Strong business signings during the third quarter can help lift upcoming financial results and leave an opportunity for improved delivery during the first half of next year.&nbsp;
On the stock market, a robust share performance sees year-to-date delivery up more than 40%, and adding 2.25% since the start of the fourth quarter through November 28. With a <a href="https://www.zacks.com/stock/research/FIS/stock-style-scores">Value Score of B</a> and a Momentum Score of A, FIS delivers an impressive range of opportunities in a highly competitive market. 
<h2 class="wp-block-heading">Nu Holdings</h2>
Globally, Nu Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) services more than 109.7 million customers, adding over 5 million new customers during the third quarter of the year. The Brazil-based company operates a vast network of financial services, with a presence now in Mexico and Colombia, and is one of the largest credit operators in Brazil.&nbsp;
The third quarter represented one of the company's most outstanding performance periods, with <a href="https://api.mziq.com/mzfilemanager/v2/d/59a081d2-0d63-4bb5-b786-4c07ae26bc74/0597c6a3-fd57-859d-e889-879906cb094e?origin=1">year-over-year revenue up by 56%</a>, setting a new record at $2.6 billion. Total gross profit ended at $1.34 billion, marking an improvement of 76% year-over-year. Increased financial delivery comes on the back of stronger gross margins of 46%, up 3 percent from 43% in Q3 2023.
Customer acquisition played an important role during the third quarter. In Brazil, Nu Holdings added a robust 1.1 million customers each month through the three months ending September 30. The total customer base in Brazil now stands at 98.8 million, with expansion in international markets adding 1.2 million new customers during the quarter.&nbsp;
Better-than-expected customer performance in international markets was primarily driven by the delivery of new financial products. For instance, in January this year, Nu Holdings <a href="https://international.nubank.com.br/company/11724/">announced</a> the launch of Cuenta, a financial product aimed at Colombian-based clients.&nbsp;
Cuenta, a savings account that provides customers with unlimited transfers free of charge, forms part of the company's strategic roadmap to capture a larger market share in the country. By the start of this year, Nu Holding had held roughly a 5% share of the Colombian financial services market, serving over 800,000 credit card customers.&nbsp;
Share performance experienced major volatility during its initial public offering in December 2021. However, in more recent months, NU delivered impressive market gains, with share prices up approximately 66% since the turn of the year. Share prices peaked at $15.89 on November 11, before sliding back down.
The recent announcement of Warren Buffett's Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) lowering its stake in the company has caused share prices to fall. Berkshire has <a href="https://finance.yahoo.com/news/warren-buffett-sold-nu-stock-150000831.html?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAACC867f-OVfVgboxo2TwyL2s15t5gQrxcNXJU_9gh-RHaKoZvXdks-E_8WvF74dGK1zm0anrTALtsNyl0RY9vFX43togm_Pt3-ZjhFENAW90qdj10jg8HWZdu29RNyAwVPEqacZw79soZ60yeBrzpYeuLhxrxC3e4D-UFeHTGxF0">reduced its share</a> of Nu by 20% in recent months. The investment firm now owns a total of 86.4 million Nu shares, down from the 107.1 million shares owned since the company's IPO.&nbsp;
But this move shouldn't be an indication that Berkshire and other major players are dumping Nu for something more prestigious. There's still plenty of legroom for Nu Holdings, and with new regional market opportunities opening, Nu could soon dominate the financial services sector in Latin America.
<h2 class="wp-block-heading">Rocket Companies</h2>
Rocket Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) provides mortgage, real estate, and financial services to large commercial and private individual customers. The Detroit-based fintech company leverages key market data, innovative technology, and financial best practices to maintain a highly competitive advantage.&nbsp;&nbsp;
Loan and mortgage activity remained largely volatile throughout the third quarter. In September, the U.S. The Federal Reserve announced the reduction of interest rates, calling a jumbo-sized rate cut of 0.50%, and bringing rates down to a range of 4.75% to 5%. This was the first rate reduction since March 2020.&nbsp;
In November, the Federal Open Market Committee (FOMC) announced that the central bank would be cutting interest rates, again, bringing the benchmark policy rate down by a quarter of a percentage point to the 4.50%-4.75% range.&nbsp;
Moving forward, the central bank is looking to deliver a more <a href="https://www.bloomberg.com/news/articles/2024-11-26/fed-minutes-show-officials-prefer-future-rate-cuts-to-be-gradual">gradual rate-cut approach</a> heading into 2025. This activity has created plenty of volatility within the lending and mortgage space, and despite interest rates coming down, mortgages remain elevated on the back of sticky housing inflation and rising property prices.&nbsp;
However, Rocket Companies delivered strong <a href="https://ir.rocketcompanies.com/news-and-events/press-releases/press-release-details/2024/Rocket-Companies-Announces-Third-Quarter-2024-Results/default.aspx">third-quarter results</a>, including an adjusted revenue improvement of 32% year over year. Total revenue for the quarter ended at $648 million, with adjusted revenue ending at $1.32 billion. Delivery remains within the company&#8217;s high-end performance range expectations.&nbsp;
Elsewhere, the company reported adjusted EBITDA of $286 million, the highest on record in over two years. Additionally, there were modest improvements, with an adjusted net income of $166 million, or $0.08 adjusted diluted earnings per share during the third quarter.&nbsp;
The company's lending business arm, Rocket Mortgage, received a Fitch Ratings upgrade to BBB in November. This significant achievement marks the first time a non-bank mortgage provider achieved an investment-grade rating in more than two decades. Rocket Companies called this an achievement that underscores Rocket Mortgage's financial strength, stability, and disciplined capital management.&nbsp;
Share performance has largely remained unchanged this year, with RKT coming down over 30% since its peak in August. The forward-looking guidance shows that an improved housing market, coupled with increased consumer confidence could help bolster share performance in the first half of next year.&nbsp;
<h2 class="wp-block-heading">Closing Remarks</h2>
This has been another challenging year for the fintech market. Increased economic volatility, coupled with uncertainty in key regional capital markets have seen commercial investors pull back, and instead refocus their forward-looking strategies.&nbsp;
For institutional investors, fintech companies could present an upside leading into 2025, with major players in this industry seeking to expand operational activity and look at capturing a larger consumer base.&nbsp;
An improved interest rate environment, coupled with more positive economic growth could help bring fintech back into its former spotlight and help regain robust performance capabilities amid uncertain times.&nbsp;
Disclosure: No positions in any companies mentioned.

Three Fintech Winners That Rocked In Q3

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Inter &amp; Co Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTR#NASDAQ">INTR</a>)</h3>
<ul>
<li>On Nov. 14, Inter &amp; Co posted better-than-expected quarterly sales. &#8220;We had a solid third quarter, reporting increased profitability and growth in both fee and interest income. Our focus on executing the 60/30/30 plan by increasing market share and product penetration, while we maintain efficiency gains is paying off.&#8221; The company's stock fell around 29% over the past month and has a <a href="https://www.benzinga.com/quote/INTR">52-week low of $4.32</a>.</li>
<li>RSI Value: 19.97&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>INTR Price Action: Shares of Inter fell 1.3% to close at $4.56 on Monday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1"> latest INTR new</a>s. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="932" height="816" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035228/image-12.png" alt="" class="wp-image-674038" style="width:632px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035228/image-12.png 932w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035228/image-12-300x263.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035228/image-12-768x672.png 768w" sizes="(max-width: 932px) 100vw, 932px" /></a></figure>
<h3 class="wp-block-heading">Nu Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>
<ul>
<li>On Dec. 2, Citigroup downgraded its rating from Neutral to Sell on the stock and lowered its price target from $14.6 to $11. The company's stock fell around 14% over the past five days and <a href="https://www.benzinga.com/quote/NU">has a 52-week low</a> of $8.06.</li>
<li>RSI Value: 26.71</li>
<li>NU Price Action: Shares of Nu Holdings fell 4.2% to close at $12.00 on Monday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1"> trend in NU stoc</a>k. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="922" height="843" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035304/image-13.png" alt="" class="wp-image-674044" style="width:577px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035304/image-13.png 922w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035304/image-13-300x274.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035304/image-13-768x702.png 768w" sizes="(max-width: 922px) 100vw, 922px" /></a></figure>
<h3 class="wp-block-heading">AppTech Payments Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APCX#NASDAQ">APCX</a>)</h3>
<ul>
<li>On Nov. 15, AppTech Payments reported a quarterly loss of 8 cents per share, which missed the analyst consensus estimate of a loss of 6 cents per share. &#8220;Our Q3 results reflect our focused approach to refining digital payment solutions and advancing strategic platform development to serve key sectors better,&#8221; said Luke D&#8217;Angelo, Chairman and CEO of AppTech. The company's stock fell around 37% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/APCX">low of $0.38</a>.</li>
<li>RSI Value: 25.34</li>
<li>APCX Price Action: Shares of AppTech Payments fell 12.5% to close at $0.42 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1">breakout in APCX shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent120324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="888" height="832" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035414/image-14.png" alt="" class="wp-image-674046" style="width:651px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035414/image-14.png 888w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035414/image-14-300x281.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03035414/image-14-768x720.png 768w" sizes="(max-width: 888px) 100vw, 888px" /></a></figure>
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<li><a href="https://www.benzinga.com/24/12/42267284/this-analyst-with-85-accuracy-rate-sees-more-than-8-upside-in-crowdstrike-here-are-5-stock-picks-for-november-from-wall-streets-most-accurate-analysts">This Analyst With 85% Accuracy Rate Sees More Than 8% Upside In CrowdStrike &#8211; Here Are 5 Stock Picks For November From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Long Ideas

Pre-Market Outlook

APCX

INTR

Top 3 Financial Stocks That Could Lead To Your Biggest Gains In Q4

Throughout the last three months, 5 analysts have evaluated Nu Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), offering a diverse set of opinions from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Nu Holdings and provided 12-month price targets. The average target is $16.0, accompanied by a high estimate of $19.00 and a low estimate of $11.00. This upward trend is apparent, with the current average reflecting a 6.1% increase from the previous average price target of $15.08.
<img src="https://www.benzinga.com/files/images/story/2024/1733166057_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Nu Holdings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Ashwin Shirvaikar</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Sell</td>
<td>$11.00</td>
<td>$14.60</td>
</tr>
<tr>
<td>Mike Niehuser</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$19.00</td>
<td>$17.00</td>
</tr>
<tr>
<td>Alex Markgraff</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$17.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>James Friedman</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$18.00</td>
<td>$16.00</td>
</tr>
<tr>
<td>Jason Kupferberg</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$15.00</td>
<td>$12.80</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Nu Holdings. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Nu Holdings compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Nu Holdings's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/NU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Nu Holdings analyst ratings.</a>
<h2>Delving into Nu Holdings's Background</h2>
Nu Holdings Ltd is engaged in providing digital banking services. It offers several financial services such as Credit cards, Personal Account, Investments, Personal Loans, Insurance, Mobile payments, Business Accounts, and Rewards. The company earns the majority of its revenue in Brazil.
<h3>Nu Holdings: Financial Performance Dissected</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Positive Revenue Trend: Examining Nu Holdings's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 40.39% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Financials sector.
Net Margin: Nu Holdings's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 26.4%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Nu Holdings's ROE stands out, surpassing industry averages. With an impressive ROE of 7.6%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Nu Holdings's ROA excels beyond industry benchmarks, reaching 1.18%. This signifies efficient management of assets and strong financial health.
Debt Management: Nu Holdings's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.2.
<h2>The Significance of Analyst Ratings Explained</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

What Analysts Are Saying About Nu Holdings Stock

Nu Holdings shares are trading lower after Citigroup downgraded its rating from Neutral to Sell on the stock and lowered its price target from $14.6 to $11.

Citigroup analyst Ashwin Shirvaikar downgrades Nu Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) from Neutral to Sell and lowers the price target from $14.6 to $11.

Downgrades

Price Target

Citigroup Downgrades Nu Holdings to Sell, Lowers Price Target to $11

Nu Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) short percent of float has fallen 9.87% since its last report. The company recently reported that it has 151.69 million shares sold short, which is 4.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.07 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Nu Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733149812_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Nu Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Nu Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Nu Holdings's peer group average for short interest as a percentage of float is 0.94%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Nu Holdings's Recent Short Interest

Investors with a lot of money to spend have taken a bullish stance on Nu Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NU, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 16 uncommon options trades for Nu Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 56% bullish and 37%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $225,548, and 12 are calls, for a total amount of $961,588.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $14.0 for Nu Holdings, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Nu Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Nu Holdings's substantial trades, within a strike price spectrum from $10.0 to $14.0 over the preceding 30 days.
<h3>Nu Holdings Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732911331_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$4.55</td>
<td>$2.94</td>
<td>$4.19</td>
<td>$12.00</td>
<td>$419.0K</td>
<td>2.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>NU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.22</td>
<td>$1.14</td>
<td>$1.14</td>
<td>$13.50</td>
<td>$119.3K</td>
<td>29.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$0.67</td>
<td>$0.66</td>
<td>$0.67</td>
<td>$13.00</td>
<td>$105.0K</td>
<td>26.9K</td>
<td>2.0K</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$4.25</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$12.00</td>
<td>$78.0K</td>
<td>2.2K</td>
<td>1.2K</td>
</tr>
<tr>
<td>NU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$4.15</td>
<td>$4.05</td>
<td>$4.15</td>
<td>$12.00</td>
<td>$62.2K</td>
<td>2.2K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h3>About Nu Holdings</h3>
Nu Holdings Ltd is engaged in providing digital banking services. It offers several financial services such as Credit cards, Personal Account, Investments, Personal Loans, Insurance, Mobile payments, Business Accounts, and Rewards. The company earns the majority of its revenue in Brazil.
After a thorough review of the options trading surrounding Nu Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Nu Holdings</h3>
<ul>
<li>Trading volume stands at 58,000,245, with NU's price down by -6.87%, positioned at $12.6.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 83 days.</li>
</ul>
<h3>What Analysts Are Saying About Nu Holdings</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $18.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Keybanc has decided to maintain their Overweight rating on Nu Holdings, which currently sits at a price target of $17. 
&#x2A; An analyst from Goldman Sachs persists with their Buy rating on Nu Holdings, maintaining a target price of $19. 
&#x2A; An analyst from Susquehanna has decided to maintain their Positive rating on Nu Holdings, which currently sits at a price target of $18. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Nu Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Nu Holdings's Options Frenzy: What You Need to Know

Risk-on sentiment gained momentum on Wall Street after the Thanksgiving holiday, fueled by investor optimism over fourth-quarter profit forecasts for U.S. corporations, lifting both the S&amp;P 500 and Dow Jones <a href="https://www.benzinga.com/markets">to fresh record highs.</a>
The S&amp;P 500 broke past the 6,040-point mark on Friday and closed at 6,032, extending its year-to-date gains to an impressive 27%. If the year ended on Friday, the broader U.S. stock market would have surged by a staggering 57% over the last two years, representing the strongest such rally since 1998. 
The Dow Jones also hit a record-high milestone, surging above the 45,000 level and bringing its year-to-date gains to 19%.
Technology stocks outperformed, with the Nasdaq 100 rising 1% on the day, buoyed by gains in the Magnificent Seven mega caps and semiconductor stocks.
Small caps stocks posted more modest gains, as the Russell 2000 index edged up 0.4%.
In the currency market, the U.S. dollar snapped its eight-week winning streak, pressured by a drop against the Japanese yen amid speculation of a possible Bank of Japan interest rate hike.
In the bond market, Treasury yields edged lower by about 5 basis points, with the 10-year yield approaching 4.2%, a level not seen since late October. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) rallied 1%, reaching over one-month highs.
Commodities also saw a positive price action. Gold rose 0.8%, marking its fourth consecutive session of gains, and silver jumped 1.4%. Natural gas prices spiked 4.9%, ending the month with a 24% surge. The underperformer was crude, which eased 0.2%.
In cryptocurrency markets, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rebounded 1.6%, climbing above $97,000 and signaling resilience for the digital asset universe amid broader market enthusiasm.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg (%)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,930</td>
<td>+0.9%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,032</td>
<td>+0.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,910</td>
<td>+0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,434</td>
<td colspan="2">+0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged 0.6% higher to $509.61.</li>
<li>The SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.5% to $450.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 0.9% to $509.61.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 0.5% to $242.10.</li>
<li>The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, rising 0.9%. The&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 0.5%.</li>
</ul>
Friday&#8217;s Stock Movers
<ul>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rose by 1.1% to $273.62 per share, hitting a fresh record high.</li>
<li>U.S.-listed shares of Brazilian companies sold off heavily as investors were disappointed by the latest fiscal reform from the Lula government. Shares of Nu Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NU#NASDAQ">NU</a>), StoneCo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STNE#NASDAQ">STNE</a>) and XP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) tumbled by 7.2%, 9.1% and 9.2%, respectively. </li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) jumped 4% after Wedbush projected the EV giant could tap into $1 trillion in AI and self-driving opportunities, with fewer regulatory hurdles potentially lifting its valuation to $1.5-$2 trillion.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/11/42247850/gm-other-us-automakers-brace-for-sharp-profit-squeeze-from-trump-tariffs-analysts-warn">GM, Other US Automakers Face Sharp Profit Squeeze From Trump Tariffs, Analysts Warn</a></li>
</ul>
Photo via Shutterstock.

S&P 500, Dow Rally To Record Highs, Dollar Snaps 8-Week Streak, Bitcoin Soars Above $97,000: What's Driving Markets Friday?

Veteran Wall Street investor Warren Buffett is known for his unabashed takes on cryptocurrencies and has never shied away from voicing his disapproval in the harshest terms possible.
What happened: Buffett has made Berkshire Hathaway into one of the world&#8217;s most valuable corporations through a succession of acquisitions and investments over the years, becoming <a href="https://www.benzinga.com/general/movers-shakers/21/08/17298128/warren-buffett-turns-91-a-highlight-for-each-decade-of-his-life-1">one of the most followed stock investors</a> globally.
However, cryptocurrency as a financial asset has failed to capture the interest of the &#8220;Oracle of Omaha.&#8221;
During a January 2018 <a href="https://buffett.cnbc.com/video/2018/01/10/buffett-sets-the-stage-for-ceo-succession--full-interview.html?&amp;start=2225">interview </a>with CNBC, Buffett said he sees little hope for the asset class.
&#8220;In terms of cryptocurrencies generally, I can say almost with certainty that they will come to a bad ending," he argued. "If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth."
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42155055/crypto-analyst-bitcoin-poised-to-skyrocket-to-180k-and-eventually-top-1m">Crypto Analyst: Bitcoin Poised To Skyrocket To $180K and &#8216;Eventually&#8217; Top $1M</a>
When Buffetts made these remarks, the total cryptocurrency market capitalization was $828 billion, compared to Berkshire Hathaway's valuation of $510 billion.
Fast forward to now, the cryptocurrency market has ballooned to a market value of $3.23 trillion, implying a 290%, or nearly fourfold, expansion.
During this time, leading cryptocurrencies recorded astronomical gains, with Bitcoin surging 520% and meme token Dogecoin exploding 2,961%.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price (Recorded during Buffett's Remarks)</td>
<td>Price (Recorded at 3:06 a.m. EDT)</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$15,043</td>
<td>$93,343.04</td>
<td>520.508%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>$1,248.00</td>
<td>$3,379.52</td>
<td>170.795%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.012839</td>
<td>$0.3931</td>
<td>2961.76%</td>
</tr>
</tbody>
</table>
</figure>
In comparison, Berkshire's market valuation stood at $1.03 trillion. This meant that the cryptocurrency market is three times as big as Buffett's firm today.
It should be noted that the legendary investor has not bought cryptocurrencies,&nbsp; directly or through exchange-traded funds.&nbsp;
That said, Buffett and Berkshire are shareholders in Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), a crypto-friendly digital bank in Brazil. According to the company's latest 13F <a href="https://www.sec.gov/Archives/edgar/data/1067983/000095012324011775/0000950123-24-011775-index.htm">filing</a>, it had a position worth over $1 billion in Nu Holdings.&nbsp;
Why It Matters: For the uninitiated, the "Inverse Cramer" phenomenon hinges on the belief that doing the opposite of what Cramer advises could lead to profits.
In fact, an exchange-traded fund (ETF) <a href="https://www.benzinga.com/etfs/specialty-etfs/24/01/36793492/exclusive-inverse-cramer-etf-shuts-down-how-the-magnificent-7-stocks-factor-in-and-a-broken-c">was floated in 2022</a>, allowing investors to bet against Cramer's predictions. The ETF eventually shut down earlier this year.
Even influential cryptocurrency analysts like Ali Martinez wrote, "Another sell signal," reacting to Cramer's endorsement.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Another sell signal&#8230;<a href="https://t.co/YlJv9oPocw">pic.twitter.com/YlJv9oPocw</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1860420443124981817?ref_src=twsrc%5Etfw">November 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
That said, there has been no definitive proof of counter-trading Cramer's predictions being a profitable strategy.
Price Action: At the time of writing, Bitcoin was trading at $93,343.04, plunging 5.72% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42154900/crypto-expert-who-called-2022-market-crash-warns-about-bitcoin">Crypto Expert Who Called 2022 Market Crash Warns About Bitcoin</a></li>
</ul>
Image generated using AI tools

$DOGE

Warren Buffett Once Predicted A 'Bad Ending' For Crypto. Since Then, The Sector's Market Cap Has Quadrupled, Riding On The Bitcoin, Dogecoin Waves

<a href="https://www.bnnbloomberg.ca/business/2024/11/20/brazilian-fintech-nubank-considers-domicile-move-to-uk/">https://www.bnnbloomberg.ca/business/2024/11/20/brazilian-fintech-nubank-considers-domicile-move-to-uk/</a>
&nbsp;
Brazilian financial-technology company Nu Holdings Ltd. is considering plans to shift its legal base to the UK, in a move that would mark a major win in Britain's push to encourage more tech companies to move to the country.
The digital challenger bank has been working with the British government on the plans, which were discussed as part of a broader set of agreements between Brazil and the UK on Tuesday on the sidelines of the Group of 20 leaders' summit in Rio de Janeiro, according to people familiar with the talks.&nbsp;
The change in domicile was not included in a joint announcement by the two governments penned on Tuesday since it was still pending approval from the UK's HM Revenue &amp; Customs authority, according to two of the people, who asked not to be named discussing private information.&nbsp;
"Nubank continuously reviews its corporate legal structure to align with the footprint of its operations," a spokesperson for the company said in a statement. "At this time, no decision has been made regarding the redomiciliation of Nu Holdings Ltd. or any other legal entities within our group. As a publicly traded company, we are committed to transparency and will follow standard communication protocols if and when any such decisions are made."
Nubank — whose holding company is currently based in the Cayman Islands and is listed on the New York Stock Exchange — recently became the most valuable bank in all of Latin America. While its corporate headquarters would remain in Sao Paulo, Brazil, the change in legal domicile to the UK would be seen as a big achievement in efforts by British Prime Minister Keir Starmer's government to attract more technology firms and investment to the country.&nbsp;
Last month, the UK Department for Science, Innovation and Technology said it was opening an office to speed up approvals of novel technologies. The new body, called the Regulatory Innovation Office, is designed to reduce the time entrepreneurs wait to get inventions to market and streamline the regulatory hurdles they must deal with.&nbsp;
The Labour government has been courting tech companies and investors as it faces a broad decline in sentiment among businesses, after Chancellor of the Exchequer Rachel Reeves unveiled £40 billion ($50.5 billion) of tax increases in its first budget. Measures included raising the national insurance payroll tax for businesses to 15% and reducing the threshold at which companies start paying the tax. The government also raised capital gains tax and scrapped the value-added-tax exemption on public-school fees.
Founded in 2013, Nubank has rapidly grown into one of the world's most well-known fintech companies, with its app on the phones of around 60% of all Brazilian adults. It also has operations in Mexico and Colombia.&nbsp;
While its breakneck growth has helped propel its stock up by about 60% since the start of the year, some investors have started questioning the quality and high valuation of its loan portfolio. The bank has managed to make a name for itself amid Brazil's conservative banking landscape, in part by lending to lower-income borrowers, a move that had been largely eschewed by the local financial establishment.

'Brazilian Fintech Nubank Considers Domicile Move To UK' - BNN Bloomberg

Nu Holdings shares are trading lower. Berkshire Hathaway in a 13F filing disclosed that it reduced its stake in Nu Holdings by 19%.

CHTR

Berkshire Hathaway 13F Shows Reduced Stake In Bank Of America By 23% To 797.7M Shares, Worth $31.7B; Reduced Stake In Charter Communications By 26% To 2.82M Shares, Worth $914.5M; Reduced Stake In Nu Holdings By 19% To 86.4M Shares, Worth $1.18B; Reduced Stake In Occidental Petroleum By 18%, Now Valued At $13.16B

Legendary investor Ken Fisher's hedge fund, Fisher Asset Management, grew the value of its portfolio by more than $14 billion dollars <a href="https://www.benzinga.com/personal-finance/24/09/41030896/why-ken-fisher-says-capital-preservation-could-cost-you-big-in-retirement">in the last quarter</a>.
Here's a look at the fund's most significant trades.  
Top Holdings: Fisher Asset Management reported approximately $244 billion in assets under management (AUM), according to an SEC<a href="https://www.sec.gov/Archives/edgar/data/850529/000085052924000012/xslForm13F_X02/primary_doc.xml"> filing</a>. 
Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a>
The firm also added small amounts to each of its top five positions: 
<ul>
<li>Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</li>
<li>NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</li>
<li>Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and </li>
<li>Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>). </li>
</ul>
Top Buys: Fisher Asset Management's top buy in terms of value was $2.09 billion in shares of the iShares 7-10 Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEF#NASDAQ">IEF</a>) which provides targeted exposure to U.S. Treasury bonds with remaining maturities between seven and ten years. Treasury bonds are generally considered low-risk investments, which can help balance riskier assets in a diversified portfolio. 
The fund's second and third-largest buys were $850 million in shares of JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and $490 million worth of shares of oil and natural gas producer ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>). 
Top Sells: The hedge fund's top sells by value were $1.35 billion in shares of the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LQD#NYSE">LQD</a>), $750 million worth of Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) shares and $710 million in shares of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>). 
New Holdings: One of the fund's most notable new holdings is Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), a digital banking services provider also backed by Warren Buffett. Fisher Asset management opened a position in Nu Holdings with approximately 7.23 million shares valued at more than $98.7 million.&nbsp;
The hedge fund also took a $28.3 million new position in wealth manager UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) and opened a $17.2 million position in the iShares MSCI China A ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CNYA#BATS">CNYA</a>), which tracks an index composed of Chinese equities available to international investors.
Why It Matters: Hedge funds often use sophisticated investment strategies and have access to extensive research which can provide insights into emerging market trends. Individual investors can track hedge funds for investment ideas, successful strategies or compare their own performance against professional investors.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/11/41822473/trumps-potential-health-czar-robert-f-kennedy-jr-rattles-vaccine-stocks-shoot-first-reaction">Trump&#8217;s Potential &#8216;Health Czar&#8217; Robert F. Kennedy Jr. Rattles Vaccine Stocks: &#8216;Shoot First Reaction&#8217;</a></li>
</ul>
Image: Shutterstock

AMZN

CNYA

GOOGL

iShares Trust Barclays 7-10 Year Treasury Bond Fund

MSFT

NVDA

Here's How Billionaire Ken Fisher's Hedge Fund Made $14 Billion Last Quarter

Signs of a waning Trump-led rally emerged Thursday as investors assessed the economic outlook and awaited potential signals on the interest-rate path from the upcoming Fed Chair Jerome Powell&#8216;s speech in <a href="https://www.benzinga.com/topic/jerome-powell">Dallas at 3 p.m. ET. </a>
Inflation data from the past two days provided mixed signals: consumer prices met expectations, while producer prices slightly exceeded forecasts, with both indicators showing a year-over-year uptick in October.
Despite this inflation data, markets remain confident the Fed will continue easing, pricing in an 80% likelihood of a December rate cut.
Wall Street&#8217;s major indices were in the red by midday, with the S&amp;P 500 down 0.3% and small-cap stocks lagging behind large-caps.
The U.S. dollar index ticked up 0.1%, even as Treasury yields declined. Bonds outperformed equities, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) climbing 1.2%.
Gold edged 0.2% lower, while oil rose 0.2%. Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) saw its rally stall, dropping 1.8%.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg % (1 day)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,884.60</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,986.66</td>
<td>-0.2%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,969.78</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,345.60</td>
<td>-1.0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:55 p.m. ET </figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.3% to $595.18.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $438.76.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) slipped 0.4% to $510.28.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) tumbled 1% to $232.71.</li>
<li>The&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, rising 0.2%. The&nbsp;Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 1.5%.</li>
</ul>
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) rose 7% after reporting better-than-expected quarterly results. </li>
</ul>
Other stocks reacting to earnings reports included: 
<ul>
<li>Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), down over 2%, </li>
<li>Brookfield Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BN#NYSE">BN</a>), up 0.9%, </li>
<li>Talen Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>), up 0.9%, </li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), down 7.5%, </li>
<li>Tetra Tech Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTEK#NASDAQ">TTEK</a>), down over 10%, </li>
<li>StandardAero Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SARO#NYSE">SARO</a>), down 5.5%. </li>
</ul>
Companies slated to report their earnings after Thursday&#8217;s close include Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>), Globant S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLOB#NYSE">GLOB</a>), AST SpaceMobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>), Post Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POST#NYSE">POST</a>). 
Read now: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41979935/golden-years-for-ma-deals-ahead-under-trump-analysts-highlight-top-10-large-cap-candidates">Golden Years For M&amp;A Deals Ahead Under Trump? Analysts Highlight Top 10 Large-Cap Candidates</a></li>
</ul>
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