Media and Technology Stock Zooming By 200%

Good morning. It’s November 15th, and today we'll take a look at Palantir’s move to the Nasdaq, Alibaba’s strong quarterly results despite China headwinds, and a media and technology stock that has more than tripled in value this morning.

Previous Close 📈

Stocks continued to struggle Thursday as the post-election rally faded, with the Dow dropping over 200 points and the S&P 500 and Nasdaq Composite each losing about 0.6%. Investors are re-evaluating the rally’s sustainability, particularly after Fed Chair Jerome Powell said the central bank is not rushing to cut rates despite last week’s reduction.

Futures

U.S. stock futures are declining this morning, with Dow futures down 191 points (0.44%), S&P 500 futures slipping 0.51%, and Nasdaq 100 futures dropping 0.68%.

Junior Mining Boom

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A unique opportunity is unfolding in the mining sector, and this junior miner is at the center of it.

With gold prices approaching all-time highs near $2,800 and demand for critical minerals accelerating, this company is strategically positioned to benefit from clean energy initiatives and favorable pro-mining policies.

Canada’s mining landscape is shifting, with faster project approvals and rising global demand creating the perfect conditions for growth.

This company stands to benefit from faster project approvals and the booming need for key metals, putting it on track for notable growth.

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What to Watch

Alibaba Group Holdings (NYSE: BABA), Spectrum Brands Holdings (NYSE: SPB), RLX Technology (NYSE: RLX), and AIM Immunotech (NYSE: AIM) will report their quarterly earnings before the market opens today.

Keep a close watch on key economic data that will be released at 8:30 a.m. ET, including the Import Price Index for October, the Empire State Manufacturing Survey for November, and U.S. Retail Sales for October (along with Retail Sales excluding Autos).

Industrial Production and Capacity Utilization for October will be published at 9:15 a.m. ET, followed by Business Inventories for September at 10:00 a.m. ET. Additionally, New York Fed President John Williams will give opening remarks at 1:15 p.m. ET.

Technology

Palantir Prepares for Nasdaq 100 with Listing Transfer, Stock Rises

Palantir Technologies (PLTR) shares are climbing nearly 3% in premarket trading today after the company announced its decision to transfer its stock listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market.

Trading on the Nasdaq is set to begin on November 26, with the company retaining its ticker symbol, "PLTR."

The move positions Palantir for potential inclusion in the Nasdaq-100 Index, a prestigious collection of the 100 largest and most actively traded companies on the Nasdaq exchange. This index includes major players like Apple, Microsoft, and Nvidia, which have fueled the artificial intelligence boom.

"Upon transferring, Palantir anticipates meeting the eligibility requirements of the Nasdaq-100 Index," the company stated, signaling a strategic step to align with other technology leaders.

The Denver-based analytics software company, co-founded by billionaire Peter Thiel, has gained popularity among retail investors and is backed by significant commercial and government contracts. Earlier this month, Palantir reported stronger-than-expected quarterly results, though some analysts expressed concerns about the stock’s valuation.

Deutsche Bank analysts have noted that Palantir benefits from a loyal retail investor base, which could drive further interest following this announcement. The shift underscores Palantir's ambitions to strengthen its standing in the tech and AI markets while appealing to a broader investor audience.

E-Commerce

Alibaba's Profits Jump 63% Amid Double-Digit Cloud Growth

Alibaba Group Holding Limited’s revenue was up 5% in the September quarter of fiscal year 2024, reaching RMB263.5 billion ($33.7 billion). The company’s net income is also up 63%, amounting to RMB43.55 billion ($6.2 billion). Diluted earnings per share are up by 69% year-over-year to RMB2.27 ($0.32). Operating income has risen 5% to RMB32.25 billion ($5 billion).

Alibaba’s U.S.-Listed stock is up 2.88% in premarket trading.

CEO Eddie Wu highlighted the robust performance of the company’s Cloud segment, noting double-digit growth in public cloud products and triple-digit revenue expansion in AI-related offerings. Wu expressed confidence in Alibaba’s core operations and emphasized the company's commitment to long-term growth through continued investments.

Alibaba's performance reflects its strategic focus on innovation and expansion in high-demand areas such as artificial intelligence and cloud services. This focus is seen as pivotal in navigating broader challenges in China's economic landscape.

The results underscore the company’s resilience and adaptability as it strengthens its position in both traditional and emerging technology sectors.

Pharmaceuticals

Vaccine Stocks Plunge Upon RFK Jr.’s HHS Nomination

Shares of major vaccine makers fell sharply Thursday afternoon following reports that President-elect Donald Trump has chosen Robert F. Kennedy Jr., a prominent vaccine skeptic, to head the Department of Health and Human Services (HHS).

Moderna (MRNA) dropped over 5%, while Novavax (NVAX) plunged 7%. Pfizer (PFE) also fell more than 2.5%, with continued declines in after-hours trading. Stocks are continuing to decline in premarket trade today as Moderna is down another 1.48%, Pfizer 0.58%, and Novovax 1.39%.

Trump confirmed the nomination on X after the market closed, signaling a major shift in health policy. “The Safety and Health of all Americans is the most important role of any Administration,” Trump wrote, adding that Kennedy would focus on addressing health crises related to chemicals, pharmaceuticals, and food additives.

Kennedy, who previously campaigned for the 2024 presidency before endorsing Trump, has been a long-time critic of vaccines. His nonprofit, Children's Health Defense, has been vocal about alleged risks associated with vaccines.

Despite his controversial stance, Kennedy told NPR earlier this week, “We’re not going to take vaccines away from anybody,” but reiterated his concerns about vaccine safety.

The market reaction reflects growing uncertainty about future government support for vaccine development and public health initiatives. Analysts note that Kennedy's appointment could mark a significant shift in the regulatory landscape, particularly for companies like Moderna and Novavax that rely heavily on vaccine sales.

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Arena Group Holdings [AREN] - Last Close: $0.57

Arena Group's stock is up 200% in premarket trade after announcing a historic milestone: its first-ever profitable quarter in Q3 2024.

The media and technology company reported $4 million in net income, a $13.6 million positive swing from the same period last year.

Adjusted EBITDA is up $11.2 million, a significant increase from $3.1 million in Q3 2023, despite slightly lower revenues.

Growth in affiliate commerce (up 287% over six months) and enhanced audience engagement across key brands like Athlon Sports and Parade drove profitability.

Beneficient [BENF] - Last Close: $1.25

Beneficient is rallying by almost 100% today due to its strong second-quarter fiscal 2025 financial results, marking its second consecutive profitable quarter.

The company reported significant improvements in revenue, which rose to $8.6 million compared to a loss of $42.8 million in the same quarter last year.

Operating expenses dropped sharply, and a major restructuring of $125.5 million in preferred equity boosted the company's balance sheet by moving temporary equity to permanent equity.

Greenidge Generation Holdings [GREE] - Last Close: $2.47

Greenidge Generation shares are surging today due to a major legal victory in the New York Supreme Court yesterday.

The court overturned the New York Department of Environmental Conservation's (DEC) decision to deny Greenidge a key air permit, calling the DEC's actions "arbitrary and capricious."

This ruling ensures Greenidge's cryptocurrency datacenter and power generation facility in New York can continue operations uninterrupted, safeguarding local jobs and maintaining its role in the electrical grid.

This is the seventh legal decision in favor of Greenidge, reinforcing the company's compliance with state and federal laws.

Strategic Gold Plays

Investors Are Watching This Gold Stock—Here’s Why You Should Too

This is a trade alert you can’t afford to ignore. With gold prices nearing record highs of nearly $2,800 and demand for critical minerals surging, a junior miner is positioned to take advantage of a major shift in the mining sector.

Clean energy initiatives and pro-mining policies are creating a rare opportunity in Canada’s mining industry.

This alignment of rising demand and faster project approvals could drive significant growth for this company in the coming months.

While most traders may overlook this moment, those who act now could secure an early position in a stock with serious potential.

Get the details of this trade alert today and stay ahead of the market.

Everything Else

• TSMC secures a $6.6 billion U.S. award to accelerate domestic semiconductor manufacturing.

• Fed Chair Powell signaled there is no rush to reduce interest rates as inflation progress continues.

• A banker won £50,000 compensation for a lack of support from Barclays during chronic health struggles.

• China’s property market shows early signs of recovery despite a sharp annual price drop.

• Samsung announced a $7.2 billion buyback amid struggles to catch up in the AI chip market.

• Alibaba eyes a $5 billion bond issuance following a record convertible bond sale in May.

That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.

Best Regards,

— Adam Garcia
Elite Trade Club

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