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Market Moves: Musk's Legal Battle and Nissan's Job Cuts Shake Up Stocks

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Recent Headlines

Musk's $56 Billion Pay Package: A Legal Tug-of-War (3 minute read)
A Delaware judge has reaffirmed her decision to invalidate Elon Musk's massive pay package from Tesla, stating that the initial approval process was flawed due to conflicts of interest. This ruling could lead to further legal challenges and uncertainty about Musk's future with the company.


Nissan's Tough Times: 9,000 Jobs Cut Amid Profit Plunge (2 minute read)
Nissan is facing a major crisis, announcing a 90% drop in profits and plans to cut 9,000 jobs globally. The company attributes this downturn to an aging vehicle lineup and tough competition in key markets, raising concerns about its future.


Fed's Waller Signals Potential Rate Cut in December (3 minute read)
Federal Reserve Governor Christopher Waller expressed a leaning towards supporting an interest rate cut at the upcoming December meeting, contingent on forthcoming economic data. Investors are closely watching for signs of inflation trends that could influence this decision.


GM Sells Stake in Battery Plant to Focus on Future (2 minute read)
General Motors has reached a nonbinding agreement to sell its stake in a nearly completed battery factory in Michigan to LG Energy Solution. This move is part of GM's strategy to streamline operations and focus on other joint ventures for electric vehicle production.


Duke Energy Customers Enjoy Lower Bills: 4.5% Drop! (1 minute read)
Duke Energy announced a 4.5% reduction in electricity costs for its residential customers in North Carolina, following an adjustment in fuel costs. This decrease is expected to provide some financial relief for consumers as the holiday season approaches.




Technical Analysis Results



Overvalued
AXS
Axis Capital Holders Limited
Volume: 542.9K shares | Price: $93.90

30 Day Performance
30-Day Price History

Technical Indicator Score: 88% Sell
Out of the 8 technical indicators that were used to analyze this stock, 7 indicated sell signals, 1 indicated a neutral signal.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Hold
ULTOSC
Sell
STOCH
Sell

Recent Mentions of AXS

5 Low Price-to-Book Value Stocks to Buy in December
The P/B ratio helps to identify low-priced stocks with high growth prospects. GM, SEM, AXS, ZIM and PFE are some such stocks.

Zacks.com featured highlights Tyson Foods, AXIS Capital, Pfizer and General Motors
Tyson Foods, AXIS Capital, Pfizer and General Motors have been highlighted in this Screen of The Week article.




Undervalued
JANX
Janux Therapeutics, Inc. Common Stock
Volume: 2.5M shares | Price: $40.18

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Hold
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Buy
ULTOSC
Buy
STOCH
Hold

Recent Mentions of JANX

Janux Announces Doses Selected for Phase 1b Expansion Trials Supported by Encouraging Efficacy and Safety Profile Observed in Phase 1a Dose Escalation for JANX007 in mCRPC
SAN DIEGO, December 02, 2024--Janux Announces Efficacy and Safety Profile Observed in Phase 1a Dose Escalation for JANX007 in mCRPC





Undervalued
SBLK
Star Bulk Carriers Corp.
Volume: 3.1M shares | Price: $17.04

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Hold
CCI
Buy
BBANDS
Buy
ULTOSC
Hold
STOCH
Buy

Recent Mentions of SBLK

UPDATE – Capital Link Shipping Sectors Webinar Series - December 2024 - Dry Bulk, Container, Product Tanker, Crude Tanker, LPG, LNG Shipping
Join the Live Discussions on December 2, 3, 5, 11, 12, & 17, 2024LPG Shipping Sector: Monday, December 2, 2024, at 10:00 AM ETContainers Shipping Sector: Tuesday, December 3, 2024, at 10:00 AM ETProduct Tankers Sector: Thursday, December 5, 2024, at 9:00 AM ETDry Bulk Shipping Sector: Wednesday, December 11, 2024, at 11:00 AM ETCrude Tankers Shipping Sector: Thursday, December 12, 2024, at 10:00 AM ETLNG Shipping Sector: Tuesday, December 17, 2024, at 10:00 AM ET NEW YORK, Nov. 26, 2024 (GLOBE N

Star Bulk Carriers Corp (SBLK) Q3 2024 Earnings Call Highlights: Strong Financial Performance ...
Star Bulk Carriers Corp (SBLK) reports robust earnings, strategic synergies, and a focus on financial stability amidst market challenges.




Undervalued
ILF
iShares Latin America 40 ETF
Volume: 3.1M shares | Price: $23.01

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Buy
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Buy
ULTOSC
Hold
STOCH
Hold

Recent Mentions of ILF




Undervalued
APLT
Applied Therapeutics, Inc. Common Stock
Volume: 29.7M shares | Price: $1.75

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Buy
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated buy signals, 2 indicated neutral signals.
RSI
Buy
MFI
Hold
WillR
Buy
AO
Buy
CCI
Buy
BBANDS
Buy
ULTOSC
Buy
STOCH
Hold

Recent Mentions of APLT

Applied Therapeutics Faces Uncertainty After US FDA Rejects NDA for Govorestat in Galactosemia, UBS Says
Applied Therapeutics (APLT) faces uncertainty after the US Food and Drug Administration rejected the

Company News for Dec 2, 2024
Companies in The News Are: APLT,TGT,WMT,AAPL




Overvalued
PG
Procter & Gamble Company
Volume: 5.2M shares | Price: $179.70

30 Day Performance
30-Day Price History

Technical Indicator Score: 75% Sell
Out of the 8 technical indicators that were used to analyze this stock, 6 indicated sell signals, 2 indicated neutral signals.
RSI
Sell
MFI
Sell
WillR
Sell
AO
Sell
CCI
Sell
BBANDS
Hold
ULTOSC
Hold
STOCH
Sell

Recent Mentions of PG

Why Is The Procter & Gamble Company (PG) Among the Stocks Ray Dalio’s Bridgewater Is Crazy About?
We recently compiled a list of the Billionaire Ray Dalio’s Bridgewater Is Crazy About These 15 Stocks. In this article, we are going to take a look at where The Procter & Gamble Company (NYSE:PG) stands against the other stocks Ray Dalio’s Bridgewater is crazy about. Ray Dalio, a seasoned global macro investor with over 50 […]

Here is What to Know Beyond Why Procter & Gamble Company (The) (PG) is a Trending Stock
P&G (PG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.




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Technical Indicator Information

Relative Strength Index (RSI) | Period: 14 days | Overvalued threshold: 70 | Undervalued threshold: 30

Money Flow Index (MFI) | Period: 14 days | Overvalued threshold: 80 | Undervalued threshold: 20

Williams Percent Range (WillR) | Period: 14 days | Overvalued threshold: -20 | Undervalued threshold: -80

Aroon Oscillator (AO) | Period: 14 days | Overvalued threshold: 75 | Undervalued threshold: -75

Moving Average Convergence/Divergence (MACD) | Period: 26/12/9 days | Overvalued threshold: MACD crosses below MACD Signal | Undervalued threshold: MACD crosses above MACD Signal

Stochastic Oscillator (STOCH) | Period: 14/3/3 days | Overvalued threshold: %K crosses below %D above 80 | Undervalued threshold: %K crosses above %D below 20

Commodity Channel Index (CCI) | Period: 20 days | Overvalued threshold: 100 | Undervalued threshold: -100

Bollinger Bands (BBANDS) | Period: 20 days | Overvalued threshold: price >= upper band | Undervalued threshold: price <= lower band

Parabolic Stop and Reverse (SAR) | Period: variable 50 - 100 days | Overvalued threshold: SAR crosses above price | Undervalued threshold: SAR crosses below price

Triple Exponential Average (TRIX) | Period: 15 days | Overvalued threshold: TRIX crosses below 0 | Undervalued threshold: TRIX crosses above 0

Ultimate Oscillator (ULTOSC) | Period: 28/14/7 days | Overvalued threshold: 70 | Undervalued threshold: 30

Directional Movement Index (DMI) | Period: 14 days | Overvalued threshold: PlusDI crosses below MinusDI | Undervalued threshold: PlusDI crosses above MinusDI

Average Directional Index (ADX) | Period: variable 14 days | Requirement: >= 25

Analysis is only performed on securities with market caps in excess of $100 million and with daily trade volume in excess of $50 million.

Disclaimers

The information in our newsletter is not intended to constitute investment advice and is not designed to meet your personal financial situation. It is provided for information purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor or a group of investors. It should not be assumed that any investments in securities, companies, sectors or markets identified and described will be profitable. We strongly advise you to discuss your investment options with your financial advisor prior to making any investments, including whether any investment is suitable for your specific needs.

Although we obtain information contained in our newsletter from sources we believe to be reliable, we cannot guarantee its accuracy. The analysis provided in this newsletter is based on the prior trading day’s closing prices and may not reflect after-hours trading, earnings announcements, or other significant market events that occur outside regular trading hours. As such, any data or commentary may not fully capture the latest market movements or emerging factors. For the most current and comprehensive view, please consider additional sources or consult with a qualified financial professional.

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