El interés en corto de Scilex Holding da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de Scilex Holding. Los datos de interés en corto se actualizan cada dos semanas.

Scilex Holding (NASDAQ:SCLX) Bolsa, Informe de interés en corto

Scilex Holding

Scilex Holding Co is focused on acquiring, developing, and commercializing non-opioid pain management products for the treatment of acute and chronic pain. The Company's commercial product, ZTlido (lidocaine topical system), is a prescription lidocaine topical product for the relief of pain associated with postherpetic neuralgia, which is a form of post-shingles nerve pain. It is focused on commercializing Gloperba (colchicine USP) an oral solution, a prophylactic treatment for painful gout flares in adults. The Company's three product candidates are SP-102 or SEMDEXA viscous gel formulation of a used corticosteroid for epidural injections, SP-103 a Phase 2, triple-strength formulation of ZTlido, and SP-104, 4.5 mg Delayed Burst Release Low Dose Naltrexone Hydrochloride (DBR-LDN) Capsule.

Scilex Holding Co

Air Products &amp; Chemicals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APD#NYSE">APD</a>) has outperformed the market over the past 20 years by 1.26% on an annualized basis producing an average annual return of 9.88%. Currently, Air Products &amp; Chemicals has a market capitalization of $72.63 billion. 
Buying $100 In APD: If an investor had bought $100 of APD stock 20 years ago, it would be worth $670.90 today based on a price of $326.70 for APD at the time of writing.
<h3>Air Products &amp; Chemicals's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729193561_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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As cannabis legalization continues to expand across the U.S., its use among cancer patients has also increased significantly, particularly for managing symptoms like nausea, pain, anxiety and insomnia.
A recent <a href="https://www.cancer.gov/news-events/cancer-currents-blog/2024/medical-cannabis-oncologists-patients-communication">blog entry</a> from Carmen Phillips at the National Cancer Institute (NCI), a part of the <a href="https://www.benzinga.com/markets/cannabis/24/10/41322400/curious-about-cannabis-edibles-fed-health-agency-funds-project-to-study-use-among-young-adults">National Institute of Health</a> (NIH), underscores the growing demand for more robust scientific research on cannabis, especially as more cancer patients turn to it as a form of relief.
Oncologists call attention to the urgent need to reschedule cannabis to facilitate further research and fill &#8220;the Cannabis-and-Cancer Information Gap&#8221;.
<h3 class="wp-block-heading">Rising Cannabis Use Among Cancer Patients</h3>
Recent studies estimate that between 20% to 40% of cancer patients use cannabis or cannabinoids to manage side effects from both the disease and its treatment. With 38 states having legalized medical marijuana, patients are finding it easier than ever to access products.
Dr. Richard T. Lee, who heads the Cherng Family Center for Integrative Oncology at City of Hope in California, addressed the rising interest. &#8220;Patients are highly interested in cannabis to help them deal with cancer's physical and mental fallout.&#8221;
As additional states legalize cannabis for medical use, this trend is expected to grow, placing more pressure on <a href="https://www.benzinga.com/markets/cannabis/24/09/40900626/legal-medical-cannabis-could-save-us-healthcare-29b-annually-new-study-finds">healthcare</a> providers to understand the nuances of cannabis use.
While many <a href="https://www.benzinga.com/topic/oncology">oncologists</a> acknowledge that their patients are using cannabis, the lack of clinical evidence leaves them ill-prepared to offer concrete guidance. In a recent survey published by the NCI, nearly 40% of oncologists said they were comfortable discussing cannabis with their patients, but only 13% felt knowledgeable enough to provide accurate advice.
Similarly, other studies show that only 20% of patients using cannabis inform their oncologists.
Read Also: <a href="https://www.benzinga.com/general/biotech/24/01/36512822/cannabis-significantly-improves-symptoms-for-most-cancer-survivors-confirms-new-study">Cannabis Significantly Improves Symptoms For Most Cancer Survivors, Confirms New Study</a>
<h3 class="wp-block-heading">Rescheduling Cannabis To Advance Research</h3>
The NCI&#8217;s blog post highlights the pressing need for more research, particularly as cannabis remains classified as a Schedule I drug &#8211; the same category as heroin. This <a href="https://www.benzinga.com/markets/cannabis/24/04/38531432/deas-move-to-reclassify-cannabis-seen-as-significant-but-fails-to-resolve-state-federal-conflict">federal classification</a> restricts large-scale studies, limiting the ability of researchers to fully explore cannabis&#8217;s potential therapeutic benefits and risks for cancer patients.
<a href="https://www.benzinga.com/topic/cannabis-rescheduling">Rescheduling cannabis </a>to a lower classification could open doors for rigorous scientific studies that would offer clearer guidelines for healthcare providers.
&#8220;We absolutely … don't have a good handle on safety,&#8221; said Gary Ellison, Ph.D., M.P.H., of the NCI. He explained that the federal restrictions on cannabis make it difficult to conduct comprehensive research, creating gaps in knowledge that leave both patients and providers in the dark. &#8220;The potential harms, particularly with immunotherapy, are not fully understood. Without rescheduling, we can't investigate this properly.&#8221; 
One of the primary concerns among oncologists is how cannabis might interact with standard cancer treatments, particularly&nbsp;immunotherapy, which plays a critical role in treating certain types of cancer. 
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As Cannabis Use Grows Among Cancer Patients, Federal Agency Highlights Need For Rescheduling

During a recent <a href="https://www.youtube.com/live/DaM8VQgPisg?si=a4f1TLHMIXzfclyk&amp;t=1191">speech</a> at the Philadelphia City Committee dinner, President Joe Biden was unrestrained in his shots at his predecessor, Donald Trump. Biden fiercely ridiculed Trump for having bankrupted a casino, a move that particularly baffled him. &#8220;How is that possible? I thought the house always won,&#8221; Biden quipped, drawing laughs from the audience.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Biden: &quot;Trump likes to call himself pro-business. We all know Trump is a failed businessman &#8230; including bankrupting a casino in Atlantic City, which is pretty hard to do. How is that possible? I thought the house always won. Trump wasn&#39;t only a loser in 2020. He&#39;s a loser in… <a href="https://t.co/I8UxtQoY3H">pic.twitter.com/I8UxtQoY3H</a>
&mdash; Aaron Rupar (@atrupar) <a href="https://twitter.com/atrupar/status/1846333961561104709?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Biden addressed Trump&#8217;s business record as part of a broader critique of Trump&#8217;s presidency and economic policies. He pointed out that Trump, who inherited millions, still <a href="https://www.benzinga.com/general/24/02/37264271/warren-buffett-exposed-the-reason-for-trumps-failed-business-ventures-decades-before-the-fraud-case">managed to run several businesses into the ground</a>, including a casino in Atlantic City. &#8220;He inherited 100 million dollars and he went bankrupt how many times? I can&#8217;t keep track,&#8221; the President said.
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Biden said that Trump&#8217;s claim to be &#8216;pro-business&#8217; doesn&#8217;t match up with his record of going bankrupt multiple times and having a messy presidency. Biden compared Trump&#8217;s failures with the success of his own administration, saying, &#8220;On our watch, businesses of all sizes are surging [and there&#8217;s] a record number of small business applications." Trump's actions didn't help regular people.
Biden also mentioned the larger economic gains made possible by his administration, such as the <a href="https://www.benzinga.com/economics/24/10/41207486/the-hiring-situation">creation of millions of new jobs</a>, salary increases, the decline in violent crime and the expansion of health care access.&nbsp;
He used these accomplishments as evidence that, in comparison to Trump&#8217;s presidency, his administration has been more successful in raising the standard of living for working Americans.
Trending: Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a>
"Trump wasn't just a loser in 2020," Biden said, "he's a loser in everything he does." The crowd responded with cheers as Biden painted Trump as a man out of touch with the needs of regular Americans and someone who has repeatedly failed, both in business and in public service.
Still, no matter what the President says, many <a href="https://www.benzinga.com/personal-finance/24/04/38112723/suze-orman-doesnt-believe-people-are-doing-ok-despite-being-told-the-economy-is-strong-in-my-opi">people still feel the pinch</a>, struggling to make ends meet with <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/39001824/janet-yellen-acknowledges-rising-cost-of-living-is-a-problem-to-a-lot-of-people-a">rising living costs</a> and uncertainty about their financial future. Many families are struggling to afford necessities like groceries, rent and health care as prices keep increasing.
Even though there are more jobs and higher wages, not everyone sees the benefits. Many people still have to work more than one job just to get by. The <a href="https://www.benzinga.com/general/24/02/36941891/the-wealth-gap-widens-the-5-richest-billionaires-got-2x-richer-as-5-billion-people-continue-to-get-p">difference between rich and poor is still large</a> and many Americans feel like they are being left out, even with all the talk about the economy getting better. Because of this, it&#8217;s hard for some people to believe the positive picture the government is showing since they are still struggling with money every day.
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In A Brutal Takedown, Joe Biden Mocks Trump Bankrupting A Casino – 'How Is That Possible? I Thought The House Always Won'

Bank of America released a bullish note on gold Thursday, just as the precious metal <a href="https://www.benzinga.com/topic/gold">reached new record highs</a> at $2,696 per ounce (oz).
Gold remains &#8220;the ultimate perceived safe haven asset&#8221; in today's macroeconomic environment, according to Bank of America&#8217;s commodity analyst Michael Widmer, amid rising concerns over U.S. fiscal policies and their potential <a href="https://www.benzinga.com/news/treasuries">impact on Treasury yields.</a>
<h3 class="wp-block-heading">Gold Trends Higher As Fed Shifts Policy</h3>
Despite nominal U.S. Treasury yields trending upward, gold prices, as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), have been climbing in recent weeks, supported by various factors.
Widmer explained that a key driver behind this surge is the rising inflation expectations paired with the Federal Reserve's policy shifts.
Rate cuts triggered a surge in inflation expectations, which in turn kept downward pressure on real yields, increasing gold&#8217;s appeal as an inflation hedge.
&#8220;Accompanying the first Fed&#8217;s 50bp rate cut, inflation expectations have risen, meaning that 10-year real yields, usually the most significant gold price driver, kept declining through September,&#8221; Widmer said.
<h3 class="wp-block-heading">Gold Hits All-Time Highs On Oct. 17</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17145515/image-156-1024x464.png" alt="" class="wp-image-601508" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17145515/image-156-1024x464.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17145515/image-156-300x136.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17145515/image-156-768x348.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17145515/image-156-1536x696.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/17145515/image-156.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Chart: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent101724&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
<h3 class="wp-block-heading">U.S. Fiscal Policy Boosts Bullish Gold Outlook</h3>
A key factor bolstering Bank of America's bullish stance on gold is the U.S.&#8217;s fiscal trajectory. 
Rising interest rates have significantly increased the federal government&#8217;s debt servicing costs, triggering concerns about fiscal sustainability. According to government projections, the national debt is projected to reach a new record high as a share of the U.S. economy within the next three years.
Widmer highlighted that &#8220;whoever wins the 2024 presidential election will face an unprecedented fiscal situation upon taking office. Neither Kamala Harris nor Donald Trump seems to prioritize fiscal consolidation.&#8221;
The CRFB report details that Vice President Harris's proposed policies could increase the national debt by $3.5 trillion through 2035, while former President Trump's platform might raise it by as much as $7.5 trillion. "
The large and growing national debt threatens to &#8220;to slow economic growth, boost interest rates and payments, weaken national security, constrain policy choices, and&nbsp;raise&nbsp;the risk of an eventual fiscal crisis.&#8221;&nbsp;
<h3 class="wp-block-heading">Global Trends Also Favor Gold</h3>
According to Widmer, fiscal expansion policies are gaining traction across advanced economies, contributing to gold&#8217;s global appeal. The International Monetary Fund (IMF) estimates that new fiscal spending related to climate adaptation, demographic shifts, and rising defense costs could amount to 7-8% of global GDP annually by 2030.
This massive spending will likely force governments to issue more debt, and as volatility in the bond markets rises, gold will emerge as a refuge for investors, Widmer explained. 
Central banks are also anticipated to increase their gold holdings as part of currency reserve diversification. The share of global central bank reserves held in gold has climbed to 10%, up from just 3% a decade ago.
<h3 class="wp-block-heading">Outlook for Gold: $3,000/oz By 2025</h3>
Bank of America sees gold reaching the $3,000/oz mark by the first half of 2025. The combination of macroeconomic uncertainty, rising debt levels, and central bank buying makes gold the &#8220;last safe haven asset standing.&#8221;
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Gold Could Reach $3,000 By 2025, Bank Of America Analyst Says: 'Ultimate Perceived Safe Haven'

Source: <a href="https://www.streetwisereports.com/article/2024/10/15/co-says-geoprobe-drilling-found-consistent-lithium-boron-concentrations.html?utm_medium=feed">Streetwise Reports 10/15/2024</a>
Canter Resources Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnrcf#OTC">CNRCF</a>) announced promising brine assay results from Phase II geoprobe drilling at its Columbus Lithium-Boron Project near Tonopah, Nevada.
The company said the results show &quot;consistent lithium and boron concentrations identified across an expanded widespread area&quot; with initial multi-element analysis strengthening the project&#39;s &quot;potential for significant lithium and boron brine development.&quot;
&quot;We completed two phases of shallow drilling for a total of 20 drill holes . . . proving the basin&#39;s ability to generate mineralized brines from the surrounding source rocks and guiding our deeper discovery drilling&quot; Chief Executive Officer Joness Lang told Streetwise Reports.
Canter said solid sediment assays expected mid-Q4 will contribute to an updated 3D model of the basin and lead the way for Phase III exploration plans.
According to the company, the phased shallow drilling program shows that the Columbus Basin can generate the same lithium-boron mix in brines as Ioneer&#39;s (CA$300 million market cap) nearby Rhyolite Ridge sediment deposit. Rhyolite Ridge shares volcanic source rocks with Columbus.
&quot;Rhyolite Ridge is at feasibility stage, and we are building the foundation for a major discovery at Columbus, but these shallow results certainly support our vision for value creation&quot; Lang said. &quot;The lithium results at this depth are as expected and fit the widely adopted basin deposit model (Clayton Valley), while the boron results have exceeded expectations and point to the significant co-product multi-commodity potential at Columbus.&quot;
<h2>Lithium on its Way Up?</h2>
The lithium sector has been on a roller coaster this year. It peaked at a high of more than US$79,637 per ton in 2022, but expected sales of electric vehicles (EVs) did not materialize, and prices hit their lowest point in three years in 2024.
But in an article for Reuters, Andy Home wrote that the slowdown could easily be reversed.
&quot;One critical facilitator will be the build-out of EV charging infrastructure, a sector which has attracted far less investment than battery manufacturing&quot; he wrote. &quot;Car buyers in Europe and the United States are choosing hybrids because of range anxiety, and they will continue to do so until they see more charging points. The second key factor is price.&quot;
<blockquote class="callOut left">Jeff Clark, in The Gold Advisor, pointed out the strategic importance of the company&#39;s drilling efforts. &quot;There is a lot of activity ahead for this young company on a project that shows the potential to match what its neighbors have&quot; he wrote.</blockquote>
However, &quot;the seeds of the next lithium upswing are already being sown in the current low-price environment&quot; Home wrote.
Clearly, one major mining company is taking that bet. Rio Tinto has agreed to a US$6.7 billion takeover of Arcadium Lithium, offering US$5.85 per share in cash for the company a 90% premium to the stock&#39;s closing price at the end of last week, David Winning and Julie Steinberg wrote for Reuters on Wednesday.
&quot;Rio Tinto expects demand for lithium to rise in the decade ahead because of the metal&#39;s importance to EVs and in large batteries that store electricity that can be released into the grid when consumption surges&quot; the authors noted. &quot;The U.S. has designated lithium as a critical mineral.&quot;
Boron is also essential to the energy transition. The Business Research Co. reports the global market has grown &quot;exponentially in recent years&quot; and forecasts it will reach US$7.99 billion this year, up from US$6.57 billion in 2023, reflecting a 21.7% CAGR. Rapid growth is expected to continue in the sector through 2028, at which time the market is projected to reach US$12.68 billion.
<h2>&#39;Very Encouraging Signs&#39;</h2>
In the new Phase II results, Canter said infill drill hole CB24-023G returned 871 milligrams per liter (mg/L) boron and the highest dissolved boron concentration from Canter&#39;s drilling to date, 820 mg/L. This provides further &quot;evidence of significant boron concentrations with increasing grades at depth&quot; the company said in a release.
The Phase II lithium results also continued to demonstrate the consistent, widespread anomalous lithium mineralization in brines. Shallow drilling to-date has returned several brine samples greater than 40 mg/L and a peak value of 76.4 mg/L in the upper 30 meters, Canter said.
Data from Albemarle&#39;s Silver Peak lithium brine operation in Clayton Valley show lithium concentrations increase with depth, and Canter&#39;s lithium concentrations in the upper 100 feet (~30 meters) are &quot;very comparable, with higher peak values than historically observed in Clayton Valley from the upper 100 meters&quot; Lang said.
The company believes there should be &quot;higher-grade lithium in the reservoirs and structural traps in this basin as we drill deeper&quot; he noted. &quot;That would fit the basin deposit model methodology used throughout the western U.S.A.&quot; he added.
These are &quot;all really encouraging signs from very cost-effective shallow drilling that&#39;s all intended to help vector us towards the best places to take our discovery shots when drilling deeper in subsequent campaigns&quot; Lang said. &quot;So, we&#39;re really encouraged with what we&#39;ve seen.&quot;
<h2>Elements Vital to Energy Transition</h2>
Lithium is a critical metal vital in the energy transition for its use in batteries for EVs and other applications. It also is used in electronics, medicine and other industries.
According to a report by Grand View Research, market size for the metal was estimated at US$31.75 billion last year and is projected to grow at a compound annual growth rate (CAGR) of 17.7% from this year through 2030.
&quot;The automotive application segment is expected to witness substantial growth, driven by stringent regulations imposed by government bodies on ICE automakers to reduce carbon dioxide emissions from vehicles&quot; researchers at Grand View said. &quot;This has shifted the interest of automakers toward producing EVs, which is anticipated to benefit the demand for lithium and related products.&quot;
EVs and battery storage primarily will fuel future growth of the lithium market, Marin Katusa of Katusa Research wrote recently. He pointed out that all major electric vehicle batteries require lithium, about 1.55 pounds per kilowatt hour of battery capacity, on average.
&quot;I think the data speaks for itself that there&#39;s more growth and opportunity on the horizon&quot; Katusa wrote.
Boron/borates are used in applications in agriculture, metallurgy, nuclear energy, and advanced materials, Mordor Intelligence noted. The increasing use of fiberglass in various end-user industries is also boosting demand for the element.
According to the U.S. Geological Survey, borates are also used in abrasives, cleaning products, insecticides, insulation, ceramics, and semiconductors.
&quot;Growing demand for electronic products and increasing penetration of fiberglass in markets conventionally held by concrete and steel are expected to drive boron market growth&quot; Grand View Research noted. &quot;Fiberglass penetration in turbine blades in wind power generation is also expected to have positive influence on boron market development. An increase in construction spending, leading to fiberglass demand for a communal structure such as bridges and roads is expected to come up as a new opportunity for the global market. The scarcity of boron, very concentrated reserves, and multifaceted manufacturing process may be a challenge for participants in the global market.&quot;
<h2>&#39;A Great Basin of Lithium and Boron&#39;</h2>
Chen Lin wrote in his newsletter What Is Chen Buying? What Is Chen Selling? that Canter &quot;is looking good [and the Columbus project] hosts a great basin of lithium and boron though the market is not looking at it.&quot;
Jeff Clark, in The Gold Advisor, pointed out the strategic importance of the company&#39;s drilling efforts.
&quot;There is a lot of activity ahead for this young company on a project that shows the potential to match what its neighbors have&quot; he wrote.
<h2>Ownership and Share Structure</h2>
According to the company, managers and insiders own about 9.6% of Canter Resources, and strategic investors (including the founding group and Michael Gentile &amp; Advisors) own about 12%.
The investors with the largest stake are all insiders. They are CEO and Director Joness Lang with 3.38%, Director and Strategic Adviser Warwick Smith with 2.14%, Director and Technical Adviser Kenneth Cunningham with 1.95%, Chief Financial Officer Alnesh Mohan with 0.97%, and Director and Technical Adviser Eric Saderholm with 0.58%, and Gentile, who owns about 4% personally.
Four institutions or funds, including Euro Pacific Asset Management, collectively hold 3%. Retail investors own the remaining.
The Canadian explorer has 51.29 million outstanding shares, 46.41 million free float traded shares with a CA$4.11 million market cap.
Over the past 52 weeks, Canter has traded between CA$0.07 and CA$0.99 per share.
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Canter Resources Corp.</li>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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The Medical Services sector is experiencing significant evolution driven by innovation and digital applications. Growing demand for remote treatment has led to a tremendous upsurge in digital healthcare options over the past few years. Demand for digital healthcare treatment continues to grow in the form of telemedicine-focused online medical and AI-powered technology services backed by the adoption of data and analytics.
According to a recent Mordor Intelligence report, the global healthcare analytics market is expected to surpass $130 billion by 2029, witnessing a CAGR of 22.9% from 2024 to 2029. Primary stakeholders &mdash; payers, healthcare professionals and patients &mdash; will benefit from all-new insights, services and levels of experience that next-generation healthcare-related data and analytical capabilities provide. Stocks like Elevance Health, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/elv#NYSE">ELV</a>), Doximity (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/docs#NYSE">DOCS</a>)&nbsp;and HealthEquity (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hqy#NASDAQ">HQY</a>) are expected to gain the most from the rapidly transforming healthcare services landscape.
However, in the post-pandemic era, manual workforce shortage within healthcare has become a worldwide problem, weighing heavily on healthcare infrastructure. According to an August 2024 report by Mercer, there will be a deficit of more than 100,000 healthcare workers in the United States by 2028. Within this, nursing assistants will have the biggest projected deficit compared to other healthcare occupations, signaling the need to improve talent attraction and retention strategies for this segment. By 2028, Mercer expects a projected deficit of over 73,000 nursing assistants nationwide. This has led to increased labor cost and health expenses.
Industry Description
The Zacks Medical Services industry comprises third-party service providers and caregivers appointed by core healthcare companies for economies of scale. The industry includes pharmacy benefit managers, contract research organizations, wireless MedTech companies, third-party testing labs, surgical facility providers and healthcare workforce solution providers, among others. Over the years, this industry has strategically moved from volume- to value-based care. This changing pattern of care calls for advanced facilities, thus increasing the need to appoint specialized external service providers. With the growing importance of effective healthcare management, the medical service industry has become an integral part of the modern healthcare system.
3 Trends Shaping the Future of the Medical Services Industry
Digital Revolution: With an increase in the adoption of digital platforms within the medical device space, remote monitoring, robotic surgeries, big-data analytics, 3D printing and electronic health records are gaining prominence in the United States. A 2024 digital health market report by Statista suggests that this market will witness a 9.2% CAGR from 2024 to 2028, resulting in a projected market volume of $275 billion by 2028. Other reports suggest that companies that adopted artificial intelligence technologies witnessed a 50% reduction in treatment costs and experienced more than 50% improvement in patient outcomes.
Revival in Nursing Care Market: With rising cognizance about the benefits of specialized medical caregiving, the need for healthcare workforce/staffing service providers has increased significantly. Despite challenges like workforce shortages and increased costs, the market is rebounding post-pandemic. Factors such as rising chronic diseases, healthcare awareness and strategic initiatives by companies and governments drive this growth. For example, the demand for nurses has increased manifold, driven by the rising incidence of chronic disorders in the United States, and is expected to be high in the days ahead. Per a Research and Markets report, the global healthcare staffing market size is expected to reach $62.8 billion by 2030, registering a CAGR of 6.9% from 2023 to 2030.
Staffing Shortage: Despite the end of the healthcare emergency (WHO declared the end of COVID-19 as a global health emergency on May 5), the trauma of the past few years&#39; uncertainty and commotion has forced frontline workers like doctors and medical staff to leave the field. Added to this, a drastic increase in the aging population in recent times (about 10,000 individuals aged 59-77 are joining Medicare plans daily) has made the healthcare staffing shortage more pronounced. In the article &quot;A Public Health Crisis: Staffing Shortages in Health Care&quot; published in Favorite Healthcare Staffing, WHO predicts a shortfall of 15 million healthcare workers worldwide in 2030. Needless to say, this supply shortage has led to a significant rise in healthcare wages. Going by a HR for Health report,&nbsp; increased labor costs and staffing challenges have led to a rise in hospital expenses. Hospitals have experienced a 15.6% increase in labor expenses per adjusted discharge compared to pre-pandemic levels.
Zacks Industry Rank Indicates Gloomy Prospects
The Zacks Medical Services industry falls within the broader Zacks Medical sector. It carries a Zacks Industry Rank #170, which places it in the bottom 32% of more than 250 Zacks industries.
The group&#39;s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.
We will present a few stocks that have the potential to outperform the market based on a strong earnings outlook. But it&#39;s worth taking a look at the industry&#39;s shareholder returns and current valuation first.
Industry Underperforms Sector and S&amp;P 500
The Medical Services Industry has underperformed its sector and the S&amp;P 500 over the past year. The stocks in this industry have collectively gained 8.9% during the said time frame compared with the Medical sector&#39;s 12.5% rise and the S&amp;P 500 composite&#39;s surge of 34.3%.
<h3>One-Year Price Performance</h3>
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Industry&#39;s Current Valuation
On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing medical stocks, the industry is currently trading at 15.01X compared with the S&amp;P 500&#39;s 22.09X and the sector&#39;s 22.75X.
Over the last five years, the industry has traded as high as 19.80X, as low as 11.83X, and at the median of 15.52X, as the charts below show.
<h3>Price-to-Earnings Forward Twelve Months (F12M)</h3>
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<h3>Price-to-Earnings Forward Twelve Months (F12M)</h3>
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3 Stocks to Buy Right Now
Below, we present three stocks from the Medical Services industry that have been witnessing positive earnings estimate revisions and carry a Zacks Rank #1 (Strong Buy) or #2 (Buy) at present.
Elevance Health: Based in Indianapolis, IN, Elevance Health (previously named Anthem) is one of the largest publicly traded health insurers in the United States in terms of membership. ELV&#39;s revenue growth, fueled by premium rate increases and rising memberships in commercial business, contributes to its positive trajectory. Strategic acquisitions and partnerships have fortified its business portfolio. A robust Medicare Advantage segment, combined with successful contract acquisitions, is poised to drive future memberships.
Elevance Health&#39;s 2024 earnings growth rate is pegged at 12.4%. The Zacks Consensus Estimate for ELV&#39;s 2024 revenues indicates a year-over-year rise of 1.5%. The stock sports a Zacks Rank #1 currently.
<h3>Price and Consensus: ELV</h3>
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Doximity: It is a digital platform for U.S. medical professionals. The company&#39;s network members include over 80% of U.S. physicians across all specialties and practice areas. Doximity provides its verified clinical membership with digital tools built for medicine, enabling them to collaborate with colleagues, stay up to date with the latest medical news and research, manage their careers and on-call schedules and conduct virtual patient visits.
This Zacks Rank #1 stock&#39;s fiscal 2025 expected earnings growth rate is pegged at 10.5%. The Zacks Consensus Estimate for DOCS&#39; fiscal 2025 revenues indicates a year-over-year rise of 9.4%.
<h3>Price and Consensus: DOCS</h3>
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HealthEquity: Draper, UT-headquartered HealthEquity provides integrated solutions for healthcare account management, health reimbursement arrangement and flexible spending accounts for health plans, insurance companies and third-party administrators in the United States. HealthEquity&#39;s sustained strength in Health Savings Accounts (HSAs) looks promising and is expected to enable it to maintain a leadership position in the HSA industry.
HQY&#39;s fiscal 2025 expected earnings growth rate is pegged at 37.3%. The Zacks Consensus Estimate for HealthEquity&#39;s fiscal 2025 revenues indicates a year-over-year rise of 18.2%. The stock carries a Zacks Rank #2 at present.
<h3>Price and Consensus: HQY</h3>
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/hqy_171024.jpg" style="border-style:solid; border-width:1px; height:160px; width:620px" />
<a href="https://www.zacks.com/commentary/2352203/3-medical-services-stocks-to-buy-to-navigate-industry-challenges?cid=CS-BENZ-FT-industry_outlook-2352203">To read this article on Zacks.com click here.</a>

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streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

3 Medical Services Stocks to Buy to Navigate Industry Challenges

Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares are trading narrowly higher Thursday. Multiple analysts raised price targets ahead of earnings in two weeks. Here&#8217;s what <a href="https://www.benzinga.com/analyst-stock-ratings">you need to know</a>.
What To Know: Mizuho analyst James Lee maintained Meta with an Outperform rating and raised the price target from&nbsp;$600&nbsp;to&nbsp;$650 as he anticipates a beat-and-raise quarter from the tech giant later this month.
The Mizuho analyst noted that a series of ad agency checks shows that ad spending is ahead of consensus estimates and at the high-end of Meta&#8217;s guidance for 20% growth year-over-year. Lee believes the strength in ad spending is being driven by political advertising.
&#8220;Although the stock is a crowded trade into the print, we believe it is the only big tech internet name that could beat and raise with substantial optionality in messaging and Gen-AI for creative,&#8221; the analyst said.
See Also: <a href="https://www.benzinga.com/news/24/10/41388451/metas-ai-open-source-claims-draw-criticism-osi-pushes-for-transparency">Meta&#8217;s AI Open-Source Claims Draw Criticism, OSI Pushes For Transparency</a>
TD Cowen analyst John Blackledge also released a positive update on Meta on Thursday. The analyst maintained Meta with a <a href="https://www.benzinga.com/analyst-stock-ratings">Buy rating</a> and raised the price target from&nbsp;$600&nbsp;to&nbsp;$675 ahead of earnings. 
Meta is scheduled to report <a href="https://www.benzinga.com/pressreleases/24/10/n41128762/meta-to-announce-third-quarter-2024-results">third-quarter financial results</a> after the market close on Oct. 30. Analysts expect the company to report earnings of $5.23 per share and revenue of $40.238 billion, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Last quarter, Meta <a href="https://www.benzinga.com/news/earnings/23/07/33402682/meta-platforms-q2-earnings-highlights-revenue-and-eps-beat-guidance-update-lower-costs-compelling-a">beat analyst estimates</a> as revenue jumped&nbsp;11% year-over-year and daily actives climbed 7%. The company noted at the time that ads delivered were up 34% year-over-year, while the average price per ad was down 16%.
&#8220;We had a good quarter. We continue to see strong engagement across our apps and we have the most exciting roadmap I&#8217;ve seen in a while with Llama 2, Threads, Reels, new AI products in the pipeline, and the launch of Quest 3 this fall,&#8221; CEO Mark Zuckerberg said in the second-quarter earnings release. 
Meta has exceeded analyst estimates on the top and bottom lines in six consecutive quarters, according to <a href="http://pro.benzinga.com">Benzinga data</a>. 
META Price Action: Meta shares were up 0.11% at $577.44 at the time of publication. Meta shares are up approximately 63% year-to-date, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

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Analysts Lift Price Targets On Meta Platforms Stock Ahead Of Q3 Earnings: Here's Why

NRG Energy shares are trading lower after the company announced an upsized senior notes offering priced at $1.875 billion due 2033 and 2034.

The Israeli military confirmed on Thursday <a href="https://www.benzinga.com/markets/asia/24/10/41385179/hamas-chief-oct-7-mastermind-yahya-sinwar-possibly-dead-idf-conducts-dna-tests-after-gaza-clash">the death of Yahya Sinwar</a>, the top leader of Hamas, with one word: &#8220;Eliminated.&#8221; 
What Happened: Israel Defense Forces killed Sinwar — Israel's most wanted target since the war with Hamas began on Oct. 7 — in a firefight in Gaza.
Sinwar orchestrated an assault that killed about 1,200 people and led to the abduction of over 200 others.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Eliminated: Yahya Sinwar.
&mdash; Israel Defense Forces (@IDF) <a href="https://twitter.com/IDF/status/1846957737487278263?ref_src=twsrc%5Etfw">October 17, 2024</a></blockquote>
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In a prepared <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2024/10/17/statement-from-president-joe-biden-on-the-death-of-yahya-sinwar/">statement</a>, President Joe Biden said the IDF &#8220;relentlessly pursued Hamas's leaders&#8221; with the help of U.S. intelligence.
&#8220;There has rarely been a military campaign like this, with Hamas leaders living and moving through hundreds of miles of tunnels, organized in multiple stories underground, determined to protect themselves with no care for the civilians suffering above ground,&#8221; Biden said. 
&#8220;Today, however, proves once again that no terrorists anywhere in the world can escape justice, no matter how long it takes.&#8221;
Sinwar's body was retrieved after an exchange of fire on Wednesday, according to the <a href="https://www.nytimes.com/live/2024/10/17/world/israel-lebanon-iran-gaza-news?campaign_id=190&amp;emc=edit_ufn_20241017&amp;instance_id=137113&amp;nl=from-the-times&amp;regi_id=136109156&amp;segment_id=180692&amp;user_id=e415429009fa21c5b8b4141c24d72bca">New York Times</a>, citing Israeli authorities. His identity was verified using dental records and fingerprints that matched those on file, Israel Police said. There was no immediate response from Hamas regarding his death.
See Also: <a href="https://www.benzinga.com/news/24/10/41112728/us-boosts-military-presence-in-middle-east-deploys-fighter-squadrons-amid-rising-tensions-with-iran">US Boosts Military Presence In Middle East As Tensions Spike With Iran</a> 
Why It Matters: Sinwar's killing marks a significant development in the yearlong conflict. 
So far, the war in Gaza devastated the region and its people. Despite being only 141 square miles, Gaza is home to over 2 million people. 
Gaza's health ministry reports over 41,000 deaths. Per the Associated Press, Gaza's health ministry <a href="https://apnews.com/article/israel-hamas-war-gaza-health-ministry-health-death-toll-59470820308b31f1faf73c703400b033">doesn't distinguish between civilians and combatants</a>. About 1.9 million Palestinians have been <a href="https://apnews.com/article/israel-palestinians-hamas-war-anniversary-statistics-e61765035c725b3c8d4840e2bab565cd">displaced</a>.
Sinwar&#8217;s death also presents an &#8220;opportunity&#8221; to proceed with negotiations between Israel and Hamas and end the war, Vice President Kamala Harris said, per <a href="https://www.bloomberg.com/news/articles/2024-10-17/harris-says-sinwar-s-death-offers-opportunity-to-end-gaza-war?srnd=phx-latest&amp;sref=TBDibEcD&amp;embedded-checkout=true">Bloomberg</a>. 
Both sides remain deadlocked over key issues. 
Israeli Prime Minister Benjamin Netanyahu addressed the nation and promised the Israeli military would secure the release of all hostages. See below for coverage via CNN.
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Defense exchange-traded funds (ETFs) at last check Thursday afternoon, were trending up with the exception of the SPDR S&amp;P Aerospace &amp; Defense ETF:
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<li>IShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) rose 1.8% to $154.70.</li>
<li>Invesco Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPA#NYSE">PPA</a>) is up 0.17% to $119.</li>
<li>SPDR S&amp;P Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XAR#NYSE">XAR</a>) is down 0.29% to $162.77.</li>
</ul>
Oil ETFs: 
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<li>The United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), was up 0.15% at $72.51.</li>
<li>The VanEck Oil Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIH#NYSE">OIH</a>) was down 0.25% at $286.69.</li>
</ul>
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/10/41336413/oil-prices-take-largest-plunge-in-over-a-year-as-israel-vows-to-spare-iranian-facilities-energy-stoc">Oil Prices Take Largest Plunge In Over A Year As Israel Vows To Spare Iranian Facilities</a></li>
</ul>
Image: Shutterstock.

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Israeli Military, With Help Of US Intelligence, 'Relentlessly Pursued' Deceased Hamas Leader

Imperial College London's Center for Psychedelic Research is recruiting couples who plan to consume <a href="https://www.benzinga.com/topic/mdma-assisted-therapy">MDMA</a> or other <a href="https://www.benzinga.com/markets/psychedelics">psychedelics</a> in real-world settings for a study examining the effects on relationship intimacy, attachment and <a href="https://www.benzinga.com/markets/cannabis/24/02/37124528/can-psychedelics-increase-sexual-interest-and-satisfaction-study-says-yes-and-effects-can-last-m">satisfaction</a>. As DoubleBlind <a href="https://doubleblindmag.com/psychedelics-for-your-relationship/">reported</a>, the study will explore both the short- and long-term psychological impacts of shared psychedelic experiences between romantic partners.
<h3 class="wp-block-heading">Study Focus: Intimacy, Attachment, and Relationship Satisfaction</h3>
The <a href="https://pubmed.ncbi.nlm.nih.gov/35031922/">research</a>, led by PhD candidate Tommaso Barba will build on <a href="https://www.researchgate.net/publication/20275204_Subjective_Reports_of_the_Effects_of_MDMA_in_a_Clinical_Setting">previous studies</a> that suggest MDMA may enhance communication and improve relationship dynamics. Participants will complete a series of <a href="https://survey.alchemer.eu/s3/90617328/Psychedelics-and-Couples-Sign-up">questionnaires</a> before and after their psychedelic experiences, but no substances will be provided as part of the study.
Couples will have the chance to contribute valuable insights to growing scientific interest in how psychedelics can affect romantic relationships, including their potential to improve communication and resolve conflicts. 
<h3 class="wp-block-heading">Why This Research Matters: Enhancing Communication And Addressing Conflict</h3>
"Another promising research direction involves addressing specific relationship issues, including communication breakdowns, unresolved conflicts and intimacy barriers,&#8221; Barba told DoubleBlind. &#8220;By leveraging the empathogenic effects of substances like <a href="https://www.benzinga.com/topic/psilocybin">psilocybin</a> and MDMA, researchers aim to develop tailored interventions that safely and effectively address these issues within a supportive therapeutic environment."
Albert Garcia-Romeu, an assistant professor of psychiatry and behavioral sciences at Johns Hopkins Medicine, <a href="https://time.com/6262291/psychedelics-mdma-couples-therapy/">told</a> TIME that "If there's a long-held resentment or disagreement in a couple and people are too hurt or too wounded or too guarded to talk about that, but then you're able to use the drug to temporarily get guards down … that can really help clear out a lot of emotional baggage."
Beyond the positive outlook, therapists have cautioned that <a href="https://www.benzinga.com/topic/psychedelic-assisted-therapies">psychedelic-assisted therapy</a> is not a quick fix and requires active participation from both partners in what can be a difficult process. Notably, MDMA is thought to evoke temporary feelings of love, which might bond dysfunctional couples but could also lead to unresolved issues resurfacing later on, or even accelerating break-ups.
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Source: <a href="https://www.streetwisereports.com/article/2024/10/15/co-s-spate-of-events-raises-eyebrows.html?utm_medium=feed">Streetwise Reports 10/15/2024</a>
A recent flurry of activity and a new chief executive officer make this Canadian explorer worth watching, a newsletter writer pointed out. Read on to learn what all this junior has been up to.
For Rex Resources Corp., a British Columbian (B.C.) mineral explorer that went public in June 2021, the last five months have been a whirlwind of activity after a lull.
&quot;This type of situation can be intriguing to investors&quot; Kyle Kuzyk, newsletter writer for Equity Guru, wrote in an Oct. 4 article. &quot;Rex Resources Corp. is definitely on my watchlist.&quot;
At the start of 2024, the Canadian mining junior owned one asset, the Rex property, which it had acquired in May 2023, according to a May 18, 2023 news release. The property consists of eight contiguous mineral claims over 1,562 hectares (1,562 ha) near Port Alberni on Canada&#39;s Vancouver Island in B.C.
The Rex property hosts multiple mineral occurrences that have yielded multiple gold and silver mineralized surface rock samples including assays between 3.6% to 13.9% copper, with limited or no diamond drilling follow up. With the prices of gold, silver, and copper significantly higher than 2006 when the project last saw significant exploration, the surface sampling results are clearly of interest.
Looking at the price highs in 2006 and today&#39;s prices, gold was US$982 per ounce (US$982/oz) versus US$2,637/oz, silver was US$14.94/oz versus US$30.90 and copper was US$3.90/oz versus US$4.45/oz.
&quot;These higher commodity prices, combined with projections of continued strong demand, could potentially alter the economic assessment of the property&quot; added Kuzyk.
<h2>Accomplishments Since April 2024</h2>
Raised Capital: In April, Rex Resources raised gross proceeds of CA$257,500 in a nonbrokered private placement, in which it issued 5,150,000 (5.15M) units at CA$0.05 per unit, as noted in an April 25 news release. Each unit consisted of one common Rex Resources share and one-half of one common share purchase warrant. The company indicated it would use the funds for general working capital purposes.
Received Technical Report: An NI 43-101 technical report was completed on the Rex property on June 17, and it indicates the presence of copper and gold mineralization as well as skarn and massive sulphide-type base metal mineralization there. Results of geochemical soil sampling and geophysics showed the known mineralization extends further than previously thought, suggesting the potential for areas of previously undiscovered mineralization.
To continue evaluating the potential of the Rex property, the report pointed out, follow-up work, consisting of the evaluation of geophysical targets, geological mapping, and grid expansion, should be done.
Acquired Asset: Soon after, Rex Resources acquired the nearby Mactush property, about 1.5 kilometers south-southeast of the Rex property, a June 25 news release outlined. Like Rex, Mactush encompasses eight mineral claims, too, but these are contained within 275 ha.
Exploration work carried out at Mactush dates to 1968 and includes extensive prospecting; soil, silt and rock sampling; limited trenching; geophysical campaigns; and limited percussion and diamond drill programs.
Appointed Director: In July, Rex Resources appointed Michael Leahy as a director and audit committee member, as announced in a July 3 news release. Leahy has 12-plus years of entrepreneurial experience and expertise in business and corporate development, as well as operations in a range of sectors, including natural resources.
He is the chief executive officer (CEO) and a director of Goat Industries Ltd. and a director of Panther Minerals Inc. Previously, he was vice-president of business development and later chief operating officer at a private firm known for its proprietary satellite radar technology used in mineral exploration, subsurface three-dimensional modeling and infrastructure monitoring.
Obtained IR Services: In another move, Rex Resources engaged consultant Earl Hope to provide investor relations services for one year at a cost of CA$3,000. The purpose is to increase market awareness of Rex Resources, expand its reach in the investment community, communicate the benefits of and generate interest in owning its stock.
New CEO: Sometime around late August/early September former CEO of Defense Metals Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/dfmtf#OTC">DFMTF</a>) Craig Taylor became Rex Resources&#39; CEO, Chair and Director.
&quot;This transition is significant, given Taylor&#39;s track record&quot; Kuzyk wrote.
Applied for Permits: Last month, Rex Resources announced in a Sept. 18 news release it was preparing applications for permits to conduct preliminary exploration work at the Rex and Mactush properties.
Rex Resources currently is reviewing the available historical data to prioritize upcoming exploration work, the company said in the release.
Appointed Director: Most recently, at the start of this month, Rex Resources appointed Kristopher J. Raffle, exploration geologist, as a director and qualified person of the company, according to an Oct. 1 news release.
Raffle, born and raised on Vancouver Island, is an exploration geologist with 25-plus years of experience evaluating projects, designing exploration programs, analyzing data, and doing geologic modeling in association with numerous types of deposits in North America. Currently, he is a partner and principal geologist at APEX Geoscience Ltd. and a director of Monumental Energy Corp. Previously, he was a director for Defense Metals Corp. and New Placer Dome Gold Corp.
<h2>Positive Outlook for Trio of Metals</h2>
Gold: Now at all-time highs, gold is about to &quot;go into vertical melt-up mode&quot; once it breaks above roughly US$2,800/oz, Technical Analyst Clive Maund wrote in a September 26 report. As such, &quot;the gains in all gold-related investments at this time should be spectacular.&quot;
Gold equities specifically offer an &quot;incredible opportunity&quot; currently, wrote U.S. Global Investors&#39; Frank Holmes in a Sept. 26 Investing.com article, because they are not trading at levels reflecting the continuing rise of the yellow metal&#39;s price.
Brien Lundin of Gold Newsletter touted a specific type of mining stocks in an Oct. 2 article. &quot;From a fundamental standpoint, everything seems to be turning in favor of gold&quot; he wrote. &quot;We&#39;re in a long-term, secular bull market. And we need to be positioned for it. One of the best ways, of course, is through high-quality junior mining equities.&quot;
Looking ahead at the gold price, Goldman Sachs forecasts it to be US$2,900/oz in early 2025, reported Mint in a Sept. 30 article, supported by slowly rising exchange-traded funds flows with interest rate cuts in the West and in China and increased central bank buying.
Throughout 2025, other experts estimate the gold price will range from US$2,800&ndash;3,200/oz, according to a Sept. 25 Skilling article. Longer term, analysts predict it could reach US$6,800/oz by 2040, representing a 7.2% annual rate of return.
&quot;The clear winner over the next year or so is likely to be gold&quot; wrote Adrian Day of Adrian Day Asset Management in his Q3 Portfolio Review. &quot;Both sentiment and the macro environment are turning in gold&#39;s favor, with much more to come.&quot;
Silver: Silver still is cheap, and the best investment opportunity right now is in silver equities, Kitco News wrote in a Sept. 27 article. &quot;Although silver-related large-cap miner and royalty streaming stocks have experienced outsized gains during the recent silver surge, many quality silver juniors are still presenting low-risk entry points&quot; noted the article.
Amelia Xiao Fu, head of commodity markets at BOCI, told Kitco she expects to see silver reach US$37/oz. &quot;Silver is going to continue to rally over the coming quarters because of the [Federal Reserve&#39;s] consecutive rate cuts and as China&#39;s stimulus could continue for some time&quot; she said. China&#39;s recently announced stimulus is its largest since the pandemic, the article noted.
Peter McGuire, CEO of XM Australia, also believes silver at US$32/oz is &quot;extraordinarily cheap&quot; he told The Economic Times. &quot;If you are looking at the gold:silver ratio, I think there is more upside for silver than there will be for gold&quot; he added. &quot;And once it starts to bite, it is really going to be onward and upward because, quite simply, you have got a huge demand.&quot;
Copper: Demand for copper is &quot;unstoppable&quot; wrote Marin Katusa of Katusa Research in a recent article. &quot;Investors, take note: The train could leave the station with copper stocks any day now.&quot; Driving demand is the green energy transition, as copper is used in solar panels, wind turbines, electric grids, electric vehicles, and more.
Even though carmakers are reducing the amount of copper they are using in electric vehicles to effect cost savings, copper demand from the sector is still projected to grow 177% by 2030, Benchmark reported in an Oct. 1 article. This is due to rising rates of electric vehicle deployments and expansion of charging infrastructure.
BHP forecasts a 70% growth in global copper demand by 2050, reflecting an average growth rate of 2% per year, it wrote in a Sept. 30 article.
Haywood Securities Analyst Pierre Vaillancourt views the red metal favorably. &quot;We remain constructive on copper fundamentals, which remain strong due to high demand, constrained supply, and increased investment in energy transition projects&quot; he wrote in an Oct. 5 report.
Richard Mills purported in his Oct. 8 Ahead of the Herd newsletter that at some point in 2025, the current global copper surplus is going to turn into a deficit, and two factors will cause demand to exceed supply. One is the need for copious amounts of copper for the green energy transition. The other is improvement in China&#39;s economy resulting from stimulus efforts by its government.
&quot;Because reserves at copper mines cannot keep growing by constantly lowering the cutoff trade, because the short-lived rush to market we are experiencing will soon end and that the copper mine cupboard is bare, and because of stimulus from China, we at AOTH maintain our very bullish take on the copper market&quot; Mills wrote.
<h2>Ownership and Share Structure</h2>
According to Refinitiv, management and insiders own 33.96%, or 3.8M shares, of Rex Resources. They are President, CEO, and Director Craig Taylor with 21.7% or 2.43M shares, Business Development and Director Anthony Zelen with 10.29% or 1.15M shares, and Director Michael Leahy with 1.97% or 0.22M shares.
Retail investors hold the remaining 66.04%. There are no institutional investors at this time.
Rex Resources has 11.19M outstanding shares and 7.39M free float traded shares.
Its market cap is CA$0.82 million. Its 52-week range is CA$0.03&minus;$0.145 per share.
Important Disclosures:
<ol>
<li>Defense Metals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Defense Metals Corp.</li>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

DFMTF

Co.'s Spate of Events Raises Eyebrows

Guardant Health shares are trading lower after Leerink Partners lowered its price target on the stock from $60 to $50.

Bank of America's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) short percent of float has fallen 3.85% since its last report. The company recently reported that it has 67.38 million shares sold short, which is 1.0% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.76 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>Bank of America Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729192522_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bank of America 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 Bank of America'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>, Bank of America's peer group average for short interest as a percentage of float is 1.12%, which means the company has less 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

(BAC) - Analyzing Bank of America's Short Interest

Grand Canyon Education's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOPE#NYSE">LOPE</a>) short percent of float has fallen 9.2% since its last report. The company recently reported that it has 361 thousand shares sold short, which is 1.58% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.34 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>Grand Canyon Education Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729192517_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Grand Canyon Education 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 Grand Canyon Education'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>, Grand Canyon Education's peer group average for short interest as a percentage of float is 5.46%, which means the company has less 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.

LOPE

Looking Into Grand Canyon Education's Recent Short Interest

Jet AI's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NYSE">JTAI</a>) short percent of float has risen 86.86% since its last report. The company recently reported that it has 1.58 million shares sold short, which is 11.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.04 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>Jet AI Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729192512_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Jet AI has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Jet AI'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>, Jet AI's peer group average for short interest as a percentage of float is 11.45%, 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.

JTAI

Looking Into Jet AI's Recent Short Interest

Spire shares are trading lower after Ladenburg Thalmann downgraded the stock from Neutral to Sell and lowered its price target from $65.5 to $60.5.

Scilex Holding Company (SCLX) has provided an update. Scilex Holding Company's subsidiary and Sorrento Therapeutics filed a lawsuit alleging breach...

Scilex Holding Settles Lawsuit, Continues Litigation Against Ex-President

Scilex Holding files to sell up to 3.5M shares by holders

The latest announcement is out from Scilex Holding Company (SCLX). Scilex Holding Company has enhanced its Board of Directors by appointing Dr. Ann...

Scilex Holding Bolsters Board with Dr. Navani's Appointment

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Scilex Holding (NASDAQ:<a href="https://investorplace.com/stock-quotes/sclx-stock-quote/">SCLX</a>) just reported results for the second quarter of 2024.<ul><li>Scilex Holding reported earnings per share of -31 cents. This was below the analyst estimate for EPS of -20 cents.</li><li>The company reported revenue of $16.37 million.</li><li>This was 24.30% better than the analyst estimate for revenue of $13.17 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2024/04/legendary-investor-predicts-forget-a-i-this-technology-is-the-future/?cid=MKT794457&amp;eid=MKT802109">Legendary Investor Predicts: &ldquo;Forget AI... THIS Technology Is the Future&rdquo;</a>
					</li>
									</ul>The post <a href="https://investorplace.com/earning-results/2024/08/sclx-stock-earnings-scilex-holding-for-q2-of-2024/">SCLX Stock Earnings: Scilex Holding Misses EPS, Beats Revenue for Q2 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SCLX Stock Earnings: Scilex Holding Misses EPS, Beats Revenue for Q2 2024

Scilex Holding Company (SCLX) just unveiled an announcement. Semnur Pharmaceuticals has entered into a merger agreement with Denali Capital Acquisi...

Scilex's Semnur Pharmaceuticals Set for Strategic Merger with Denali

Scilex Holding Company ( ($SCLX) ) has issued an update. Scilex Holding Company has reached an agreement with Endeavor Distribution LLC to satisfy ...

Scilex Settles Debt, Expands Distribution of Non-Opioid Treatments

Scilex Holding Company ( ($SCLX) ) has shared an announcement. Scilex Holding Company has successfully entered into a registered convertible financ...

Scilex Holding Secures $50M for Debt Restructuring and Growth

Denali Capital Acquisition Corp. announces extension of deadline to complete business combination

Warning: SCLX is at high risk of performing badly

Scilex gains on spinoff plans for pharma subsidiary

DECA

SCLX

Skyscrapers,Cityscape,Downtown,View,,Nashville,Skyline,Buildings.,Beautiful,Real,Estate.

Press Releases

Scilex Holding Company Announces Signing Of A $50 Million Registered Convertible Financing To Refinance And Restructure Existing Debt &amp; Further Strengthens Financial Profile

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Biotech

SRNEQ

Scilex Holding Company Announces That The U.S. Bankruptcy Court Has Extended The Lockup Period On Shares Of Scilex Dividend Stock Previously Distributed By Sorrento To Its Stockholders As A Dividend To January 31, 2025

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Scilex Holding Company Provides Certain Preliminary Unaudited Financial Results for the Month Ended July 31, 2024

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Scilex Holding Company Announces Publication of Its Inaugural Sustainability Report

Business,Man,Sign,A,Contract,Investment,Professional,Document,Agreement.,Meeting

Semnur Pharmaceuticals, Inc., a Wholly Owned Subsidiary of Scilex Holding Company, and Denali Capital Acquisition Corp. (Nasdaq: DECA) Enter into a Letter of Intent for a Proposed Business Combination

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Scilex Holding Company Partners With New National Distributor, Endeavor Distribution LLC.

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Scilex Holding Company Announces Publication In PAIN Journal Regarding Phase 3 Results Of The Pivotal Registration Trial Of SP-102 (SEMDEXA™) In Lumbosacral Radicular Pain (Sciatica)

Outside,Of,Logistics,Warehouse,With,Open,Door,,Delivery,Van,Loaded

Scilex Holding Company Announces That Many National Pharmacy Chains And Independent Pharmacies Have Begun Stocking GLOPERBA®

Interior,Of,A,Modern,Warehouse,Storage,Of,Retail,Shop,With

Scilex Holding Company Announces Stocking Of GLOPERBA® Is Underway In All Of The Wholesalers With Which Scilex Has Stocking Arrangements Throughout The U.S.

Man,Writing,Text,Document,,Essay,Or,Letter,With,Laptop.,Freelance

Scilex Holding Company Sends Letters To The U.S. Securities And Exchange Commission And Financial Industry Regulatory Authority Regarding Illegal Market Manipulation Of The Common Stock Of Scilex Holding Company

Scilex Holding Company Announces the Continuing Support from Endeavor Distribution LLC in the Multi-Year Agreement for Scilex's Commercial Products and the Satisfaction of FSF 33433 LLC $10 Million Loan

Scilex Holding Company Announces that the U.S. Bankruptcy Court has Extended the Lockup Period on Shares of Scilex Dividend Stock Previously Distributed by Sorrento to its Stockholders as a Dividend to January 31, 2025

Financing

Scilex Holding Company Announces Signing of a $50 Million Registered Convertible Financing to Refinance and Restructure Existing Debt & Further Strengthens Financial Profile

Oramed Pharmaceuticals Announces Restructuring of Scilex Holding Company Debt

Scilex Holding Company Announces Closing of a $50 Million Registered Convertible Financing

Scilex Holding Company Provides Certain Preliminary Unaudited Financial Results for the Quarter Ended September 30, 2024

Denali Capital Acquisition Corp. Announces Extension of Deadline to Complete Business Combination

Semnur Pharmaceuticals, Inc., a Wholly Owned Subsidiary of Scilex Holding Company, Provides Timing to File in October 2024 a Registration Statement on Form S-4 with the SEC relating to the Previously Announced Proposed Business Combination Between Semnur and Denali with a Pre-Transaction Equity Value of $2.5 Billion

Management

Scilex Holding Company Announces that its Board of Directors has Authorized Management to Explore Ways to Maximize the Value of its Wholly Owned Subsidiary, Scilex Pharmaceuticals Inc., including by way of conducting a spinoff or public listing of securities of Scilex Pharmaceuticals Inc. Scilex Pharmaceuticals Commercial Products Include Three Non-Opioid Approved Products and Pipeline of Phase 3 Ready SP-103 With Greater Than a $1.0 Billion Revenue Potential

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