🚀 Meta's $10B cable project, Hollywood's holiday hits, and JPMorgan's top sustainable picks on EVgo and Plug Power 📈
Market-Moving Event Alerts
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This week, StockNews.AI identified and published 99 successful event alerts across multiple sectors!
Notably, 22 of these alerts featured price changes exceeding 10%, with the majority signaling bullish trends 📈.
*Data Captured Between 11/25 00:00am - 11/29 11:00 am EDT. Penny stocks are not included.
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Top 3 news you can’t miss for today, 11/29.
Business Insider
BullishLongTermMETACorporate Developments
Meta is reportedly building a $10 billion underwater cable that will circle the globe
- Meta plans a $10 billion underwater cable project spanning 25,000 miles.
- Project aims for sole ownership, avoiding geopolitical tensions in key areas.
- Route includes US East Coast to India, with stops in South Africa and Australia.
- Project completion may take years due to limited cable-pulling resources.
- Strategic placement avoids high-risk areas known for cable damage.
Barrons
BullishShortTermCMCSAIndustry News
Hollywood Hopes for Holiday Synergy With ‘Wicked,’ ‘Gladiator II,’ and ‘Moana 2’ - Barron's
- Wicked, distributed by Universal, led domestic box office with $114 million.
- Gladiator II set record for biggest domestic November opening of R-rated film.
- 2023's domestic releases down 10.7% compared to last year.
- Walt Disney's Moana 2 may compete significantly with Wicked and Gladiator II.
Benzinga
BullishLongTermEVGOIndustry News
Plug Power, EVgo Among JPMorgan's Top Sustainable Picks For 2025
- EVgo is positioned to benefit from the ongoing EV boom.
- JPMorgan analysts are bullish on EVgo due to increasing EV adoption.
- Supportive government policies will enhance EVgo's charging infrastructure.
- EVgo's growing customer base indicates strong revenue growth potential.
- Sustainable investing trends will positively influence EVgo's market performance.
Here’re the top 5 most-surged stocks this week.
*Penny stocks are not included in the list.
GlobeNewsWire
BullishLongTerm 29.71%IRENEarnings
IREN Reports Q1 FY25 Results
- IREN accelerates Bitcoin mining expansion to 50 EH/s by H1 2025.
- Focus on alternative funding and strong cash flows for investor distributions in 2025.
- Shift to U.S. domestic issuer status in 2025, enhancing operational flexibility.
- AI Cloud Services revenue up 28% due to increased GPU demand.
- Bitcoin mining revenue decreased; net loss rose to $51.7 million in Q1 FY25.
Business Wire
BullishLongTerm 24.23%ARWREarnings
Arrowhead Pharmaceuticals Reports 2024 Fiscal Year-End Results
- Arrowhead reported a net loss increase to $599 million for FY 2024.
- The company submitted an NDA for plozasiran to the FDA, targeting launch in 2025.
- New collaboration with Sarepta Therapeutics enhances financial stability and drug development.
- Plozasiran shows significant triglyceride reduction in severe hypertriglyceridemia patients.
- Arrowhead's cash runway has been extended to 2028 through recent agreements.
GlobeNewsWire
VerybearishShortTerm -14.19%ASPIShort Seller
ASP Isotopes (ASPI) Stock Tanks After Scathing Short Seller Report – Hagens Berman
- ASPI stock dropped over 30% due to allegations of outdated technology.
- Fuzzy Panda's report claims ASPI misled investors about its enrichment processes.
- Hagens Berman is investigating potential shareholder fraud linked to ASPI.
- Former executives deem ASPI's technology 'virtually worthless' amid the controversy.
GlobeNewsWire
BearishShortTerm -13.55%PRTGEarnings
Portage Biotech Reports Results for Fiscal Quarter Ended September 30, 2024
- Portage explores strategic alternatives to unlock shareholder value.
- Company's trial pause affects patient accrual and funding needs.
- Quarterly net loss reduced from $5.2 million to $1.4 million.
- R&D expenses decreased 83% as clinical activities wound down.
- Cash reserves stand at approximately $1.8 million, liabilities at $0.9 million.
GlobeNewsWire
BearishShortTerm -13.49%DDDEarnings
3D Systems Reports Third Quarter 2024 Financial Results
- Q3 revenue decreased 9% to $112.9 million, driven by lower printer sales.
- Healthcare Solutions revenue grew 5% to $55.1 million, led by dental solutions.
- Net loss of $178.6 million, affected by $143.7 million goodwill impairment.
- Adjusted EBITDA loss of $14.3 million reflects lower revenue and higher operating expenses.
- Company projects full-year 2024 revenue of $440 million to $450 million.
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