Shares of drone manufacturer Unusual Machines Inc. ($UMAC) surged over 80% in Friday's morning trading, marking a second consecutive day of record highs following the announcement of Donald Trump Jr.'s appointment to its advisory board.

The stock also ranked among the top five trending tickers on Stocktwits for the second day in a row.

Unusual Machines’ share price approached $20, the highest level since its listing on the New York Stock Exchange in February. However, trading was briefly halted on Friday due to heightened volatility.

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Shanthi M·51m ago

SCHIZOTradeNov 29, 2024 4:28 PM

$UMAC This is shaping up to be one of those trades you'll remember forever. Congrats to those who jumped in. Bullish

The stock has surged by more than 485% year-to-date.

Trump Jr. emphasized the need to reduce reliance on Chinese drone imports, aligning with Unusual Machines' strategy to revitalize U.S.-based drone component manufacturing. 

He currently holds 331,684 shares of Unusual Machines.

Retail investors on Stocktwits feel this could position the company as a leader in domestic production, potentially attracting government contracts and partnerships that favor local suppliers.

JK_CapitalNov 29, 2024 4:33 PM

$ONDS strong pipeline with major military customers interested. Suspecting more large purchase orders in the near future. Seems like a record high quarter of revenues coming up $PRZO $ZETA $DPRO $UMAC Bullish

BarristerNov 29, 2024 4:48 PM

$UMAC Congrats to those that were in the right place at the right time for the Trump trade. There will be a lot of these happening for the next 4yrs in my opinion where the market will price in kickbacks for Trump to pump up the stock. Not saying it’s good or bad. It is what it is and he’s doing what was expected by his constituents. It will be like catching lightning in a bottle to know where the next Trump kickback deal will pop up but a lot more are coming I’m sure with his immunity in place!!!! This will be the new norm for the future Presidents and family. Happy Hunting on finding the next Trump rocket ship 🚀🚀🚀

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CEO Allan Evans dismissed speculation telling The Wall Street Journal, “I would never ask him to do anything or facilitate anything like that.”

However, Evans believes that President-elect Donald Trump's administration’s more aggressive trade policies could spark a domestic boom in the drone industry.

This outlook has contributed to a rally among other unmanned aerial vehicle (UAV) manufacturers as well.

AgEagle Aerial Systems Inc. ($UAVS) was also among the top five trending tickers on Stocktwits for the second day in a row, second only to Unusual Machines as of 12:30 p.m. ET.

Retail sentiment around the stock switched up to 'bullish' (55/100) from 'bearish' a day ago. 

Investors on the platform anticipate more gains for the stock amid the brewing geopolitical uncertainty. 

DegenerateTradingCoNov 29, 2024 5:35 PM

$UAVS $UMAC the money maker is the stock that’s up 700% in a week you 🤡 Bullish

JohnDou9h

Nov 29, 2024 5:34 PM

$UMAC Which currently sells more drones, UMAC or $UAVS? Whivh the money maker?

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DuskfallNov 29, 2024 5:26 PM

$UAVS Welp✅ Bullish

Duskfall

Oct 23, 2024 6:38 AM

$UAVS Count how many times a day you hear the word drone while listening to the radio or watching TV. When I look at the war going on in Europe, I am not surprised by the deals made with the French army. Drones are playing an increasingly important role in warfare. Today, reconnaissance flights and precision strikes can be done with the help of drones. There is now a demand and a huge market for drones. I leave the position here and add dips📈✅ I'm also looking at $LASE and $BURU Bullish

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Meanwhile, shares of Red Cat Holdings Inc. ($RCAT) soared over 20%. The company stands to benefit given Unusual Machines has been selected to supply the first drone for Red Cat's new FANG line of First-Person View (FPV) systems.

Other UAV makers ZenaTech Inc. ($ZENA) and ParaZeo Technologies Ltd. ($PRZO) also saw sympathy gains of 9% and 86%, respectively, on Friday morning. 

Edge

TheBullishTradeNov 29, 2024 4:26 PM

$AISP $UMAC $RCAT $DJT AISP big news with Newsweek, more eyes will be on this one as onev of the best TRUMP border play All small cap running hard. This one is just starting with multiple catalysts for 2025. Bigger contract expected for both government and private companies. 14$ as 52 weeks high within reach next year b

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For updates and corrections email newsroom[at]stocktwits[dot]com.

Read also: Drone Maker Unusual Machines Soars To Record High As Trump Jr. Joins Advisory Board: Retail Applauds

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Shares of Robinhood ($HOOD) were up over 3% in Friday’s morning trade after a start-up received the green light to set up a new 24-hour exchange from the Securities and Exchange Commission (SEC) and Bitcoin ($BTC.X) continued its rally towards the $100,000 mark.

The SEC granted approval for the creation of 24X National Exchange by 24 Exchange, backed by Steve Cohen‘s Point72 Ventures, following the startup’s second application attempt.

The new exchange will allow the trading of U.S. securities 23 hours a day, five days a week, but not on weekends. 

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The approval comes as momentum for extended trading hours continues to build. Robinhood is attributed for initially sparking the trend during the pandemic, and earlier this month, Charles Schwab Corp. ($SCHW) followed suit, announcing plans to offer 24-hour trading for all S&P 500 and Nasdaq-100 stocks by 2025.

Big exchanges also want some of the action. Last month, Intercontinental Exchange, owner of the New York Stock Exchange (NYSE), revealed plans to extend its NYSE Arca electronic platform to 22 hours a day, five days a week, though the SEC is yet to approve the move. 

Meanwhile, crypto trade picked up on Thanksgiving with equity markets shut for the holiday. Bitcoin crossed $98,450 on Friday morning, as Algorand's ($ALGO.X) price hit a two-year high with total value locked (TVL) and open interest hitting record highs. 

Retail sentiment around the stock improved to ‘neutral’ from ‘bearish’ a day ago, though message volumes remained subdued. 

Robinhood’s stock has quadrupled in value so far this year, far outperforming the broader markets. 

Wall Street is mostly bullish on the stock expecting it to broaden its offerings and grow under the incoming Trump administration, given that President-elect Donald Trump plans to shuffle the leadership at the SEC and was seen as crypto-friendly during his campaign.

Trump reportedly also has plans to create a crypto-specific advisory role in the White House to overlook policy matters for digital assets.

As President Trump's deregulatory agenda takes shape, brokerages, exchanges, and start-ups may have more competition in the round-the-clock trading space.

For updates and corrections email newsroom[at]stocktwits[dot]com.

Read also: Chip Stocks Rise Amid Reports Of Eased U.S. Sanctions, Despite Bernstein's Downgrades: Retail Sentiment Split

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Shares of HUB Cyber Security ($HUBC) soared over 8% on Friday after the company announced an agreement with AGP to reduce 70% of its $5.7 million convertible note obligations by way of an amicably negotiated settlement.

The company also stated that it has received an additional $1 million investment from a private investor who has previously invested an aggregate of $10 million in the firm, supporting its growth and key end-of-year initiatives.

Meanwhile, it is also looking to refinance a further $7.5 million debt into a long-term settlement.

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HUB Cyber Security was established in 2017 by veterans of the Israeli Defense Forces and specializes in cyber security solutions protecting sensitive commercial and government information.

CEO Noah Hershcoviz said the announced measures are all critical to enhancing the company’s financial resilience and capacity to deliver top quality solutions to our customers.

Following the developments, retail sentiment on Stocktwits continued to trend in the ‘bullish’ territory.

Meanwhile, most Stocktwits followers of the ticker are expressing positive takes on the stock.

RHL1Nov 29, 2024 2:33 PM

$HUBC This is not a $15M Company. It’s a joke of a valuation. They can only hold it down for so long. Bullish

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hangindearNov 29, 2024 2:37 PM

$HUBC Check out the share price and volume. Looks like insiders are very pleased what is about to the presented to the investment community. Stay tuned. Bullish

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DuskfallNov 29, 2024 2:46 PM

$HUBC Took some✅ Bullish

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The company also announced that Renah Persofsky will replace Lior Lurye as a director of the board. It highlighted that Persofsky has served on multiple boards of both Nasdaq-listed and unlisted private companies, brings extensive business experience, and a strong financial background.

“Her appointment will also strengthen the company’s corporate governance sector, and she will serve as an independent director on the board,” the firm said in a statement.

Meanwhile, shares of the company have lost over 76% of their value since the beginning of the year.

Also See: BBY Stock In Spotlight After Slew Of Price Target Reductions Post Disappointing Q3 Show: Retail Optimism Stays Intact

For updates and corrections email newsroom[at]stocktwits[dot]com.

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Semiconductor stocks Applied Materials ($AMAT), Lam Research ($LRCX), KLA Corp. ($KLAC), and ASML Holding N.V. ($ASML), traded as markets opened on Friday following reports that the Biden administration is considering softer restrictions on semiconductor equipment and AI memory chip sales to China. 

According to Bloomberg, potential controls may sanction dozens of Chinese firms producing semiconductor equipment and restrict chip manufacturing plants, including two owned by Semiconductor Manufacturing International Corp., a Huawei partner. 

While the U.S. had initially considered sanctioning six suppliers to Huawei Technologies — the telecom giant central to China’s tech industry — it now plans to add only some of these suppliers to the entity list. Notably, ChangXin Memory Technologies, which is working on AI memory chip technology, will be excluded from the sanctions.

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The Wired reported the measures could be announced as early as Monday.

Bernstein has revised its 2025 wafer fab equipment (WFE) spending forecast down to $107 billion from $115 billion, and lowered its 2026 estimate to $116 billion from $122 billion. It anticipates reduced spending in China due to potential U.S. restrictions, as well as weaker projections for NAND and logic markets. 

The brokerage has updated its financial models, leading to lowered price targets for semiconductor equipment makers.

Applied Materials ($AMAT)

Shares of Applied Materials were up more than 2% at market open on Friday despite Bernstein lowering its price target on the stock to $210 from $220 while maintaining an ‘Outperform’ rating. 

On Stocktwits, retail sentiment around the stock remained ‘neutral’ (51/100) with no significant change in chatter. 

Shares of Applied Materials have gained 13% this year so far. 

Lam Research ($LRCX)

Shares of Lam Research jump nearly 4% at market open on Friday. However, retail sentiment around the stock was in the ‘bearish’ (38/100) territory, down from ‘bullish’ a day ago. 

Bernstein also lowered its price target on Lam Research to $85 from $95, maintaining a 'Market Perform' rating on the shares.

Lam Research stock has devalued by 2% so far this year. 

ASML Holding N.V. ($ASML)

Shares of ASML Holding N.V. were up over 1% in early morning trading on Friday while retail sentiment around the stock remained in the ‘neutral’ (48/100) zone. 

Bernstein slashed its price target on the stock to $676 from $815 in anticipation of lower China spending given upcoming U.S. sanctions.

Shares of ASML are down 3% so far in 2024.

KLA Corp. ($KLAC)

KLA Corp.’s shares were up 3% as markets opened on Friday. Meanwhile, retail sentiment around the stock dipped to ‘bullish’ (55/100) from ‘extremely bullish’ a day ago.

Shares of KLA Corp. have gained 15% so far in 2024. 

For updates and corrections email newsroom[at]stocktwits[dot]com.

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Consumer electronics retailer Best Buy Co. Inc. ($BBY) received a slew of price target reductions on Friday after the firm reported disappointing third-quarter results.

Citi analyst Steven Zaccone reportedly lowered the firm’s price target to $101 from $109, while keeping a ‘Buy’ rating on the shares.

Although the brokerage believes the "choppy" macro backdrop is slowing the consumer electronics recovery, it noted that "this is a temporary push to the right for positive SSS and not a reason to throw in the towel.”

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Wells Fargo, too, lowered its price target on the stock to $89 from $95, while keeping an ‘Equal Weight’ rating on the shares. The brokerage’s 2025 earnings per share (EPS) inched lower with the looming tariff/macro uncertainty.

Interestingly, although UBS lowered its price target on Best Buy to $115 from $123, while keeping a ‘Buy’ rating on the shares, the brokerage still sees a compelling risk-reward opportunity.

Earlier this week, Best Buy announced its third-quarter report that saw revenue decline over 3% year-over-year (YoY) to $9.445 billion compared to an analyst estimate of $9.63 billion.

Earnings per share (EPS) came in at $1.26 versus an estimated $1.29, but net earnings rose nearly 4% YoY to $273 million during the quarter.

For the full-year 2025, the company expects revenue of $41.1 billion to $41.5 billion, compared to a prior guidance of $41.3 billion to $41.9 billion. Comparable sales are expected to decline 2.5% to 3.5% versus a prior guidance of a decline of 1.5% to 3%.

Despite the slew of price target reductions, shares of Best Buy were trading in the green during Friday’s pre-market while retail sentiment on Stocktwits inched up into the ‘bullish’ territory (64/100) from ‘neutral’ a day ago.

Meanwhile, shares of Best Buy have gained over 14% since the beginning of the year, underperforming the benchmark indices.

Also See: Gorilla Technology Stock Rallies Pre-Market After $400M Project Win: Retail Stays Confident

For updates and corrections email newsroom[at]stocktwits[dot]com.

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Shares of Newmont Corporation ($NEM), the world’s largest gold producer, climbed up to 1% in pre-market trading Friday, supported by rising gold prices amid a weaker dollar and persistent geopolitical tensions, even as CLSA initiated coverage with a bearish outlook.

The brokerage assigned an ‘Underperform’ rating to the stock, setting a price target of $56.85.

Shares of its peers Barrick Gold Corp. ($GOLD), Agnico Eagle Mines Ltd. ($AEM), Kinross Gold Crop. ($KGC) and Harmony Gold Mining Co. Ltd. ($HMY) were also up at least 1% in pre-market trading as spot gold climbed 0.7% to $2,659.98 per ounce.

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Bravos Research highlighted that U.S. government bonds broke below a 40-year uptrend on Thursday, underscoring a significant shift in market dynamics. It noted that gold has outperformed bonds by over 100% since March 2020, driven by surging government spending.

The research firm forecasts treasury bond issuance to reach $1.9 trillion this year, surpassing levels seen during the peak of the 2008 financial crisis. 

Bravos expects gold prices to climb further, citing the potential onset of the "U.S. government debt market collapse."

On Stocktwits, retail sentiment around the stock slid to ‘neutral’ (52/100) from ‘bullish’ a day ago and chatter continued its drop in the ‘low’ (39/100) territory, edging towards year-lows. 

There has been an 80% drop in message count on the platform and watcher growth has stagnated at 0.5% over the past month, according to Stocktwits data.

Newmont’s stock experienced its steepest drop in over two years following its Q3 earnings report, according to Bloomberg. Despite posting its highest quarterly profit in five years at $4.6 billion, an 85% year-over-year (YoY) increase, results fell short of analysts’ expectations on earnings, revenue, and costs. 

Operating earnings quadrupled, and year-to-date free cash flow tripled, but rising expenses overshadowed these gains.

Wall Street reacted with downgrades, including UBS cutting its rating from 'Buy' to 'Neutral' and lowering its price target to $54 from $67, citing disappointing results and medium-term concerns.

Gold miners have faced rising labor and energy costs in recent years. Newmont reported a 10% increase in capital expenses due to expansion projects in Australia and Argentina. Costs also surged at assets acquired in its $15 billion Newcrest Mining takeover, with all-in sustaining costs at the Lihir operation in Papua New Guinea rising 55% in Q3.

The company recently sold its Éléonore mine in Quebec for $850 million as a part of its broader divestiture strategy aimed at optimizing its portfolio by offloading non-core assets. 

Newmont’s shares have only gained 4% this year so far, while SPDR Gold Trust ($GLD) has gained over 27%. 

For updates and corrections email newsroom[at]stocktwits[dot]com.

Read more: ASPI Stock Falls For Third Day As Short-Seller Pressure Persists Despite CEO Rebuttal: Retail Buys The Dip

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