Dj Beta Rises On Deal To Supply Eve Air Mobility

Beta Rises on Deal to Supply Eve Air Mobility

Dow Jones Newswires

By Elias Schisgall

Beta Technologies shares rose after the aerospace company entered an agreement to supply electric pusher motors to Eve Air Mobility and received a buy rating from Bank of America.

The stock was up 9% to $28.59 in Tuesday afternoon trading. Shares have fallen nearly 21% since the company debuted on the New York Stock Exchange with a $1 billion valuation early last month.

Eve Motors said that the agreement represents a potential 10-year collaboration worth up to $1 billion for Beta. The deal was made after testing and evaluating Beta's motors in its aircraft prototype.

Bank of America and Morgan Stanley initiated coverage of Beta on Monday, with Bank of America giving the stock a buy rating.

Beta's development of two all-electric aircraft and proprietary battery modules, as well as the company's strategy of pursuing component-by-component certification with the Federal Aviation Administration helped lead to Bank of America's rating, analyst Ronald Epstein said.

Morgan Stanley put the stock as overweight, with analyst Kristine Liwag forecasting FAA certification of its two aircraft in 2027.

"Beta is akin to a young Tesla, but with a more attractive endmarket of Aerospace, which has higher barriers to entry than Autos," Liwag said in a note.

Over time, once Beta secures its FAA certification, the discount may erode and the stock could trade at a premium, she said.

Write to Elias Schisgall at elias.schisgall@wsj.com

Risk Warnings and Disclaimers

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Applovin, Palantir among market cap stock movers on Tuesday

Investing.com

Tryhard Holdings Ltd.

+57.72%

MongoDB

-0.33%

Tuesday’s market has seen swings in various stocks based on news and other factors. Today, stocks like Applovin (APP) and Palantir Technologies Inc (PLTR) are rallying, while stocks like Alibaba-exch (BABA) are falling. Below are highlights of some of the biggest stock movers, from mega-caps to small caps.

Mega-Cap Movers (Market Cap:$200B+)

Palantir Technologies Inc (PLTR) +2.08%
Applovin (APP) +5.4%
Applied Matls Inc (AMAT) +3.94%
Alibaba-exch (BABA) -2.32%
Procter Gamble (PG) -2.11%

Large-Cap Stock Movers (Market Cap:$10-$200B)

MongoDB (MDB) +23.68%
Credo Technology Holding (CRDO) +13.97%
Bitmine Immersion Tech (BMNR) +11.3%
ETHA (ETHA) +9.77%
Bloom Energy Corp (BE) +7.74%
Boeing Co (BA) +9.31%
Iris Energy (IREN); IREN plans $2 billion convertible notes offering, share sale -9.14%
XPO Logistics (XPO); XPO reports 5.4% decrease in November LTL tonnage -8.24%
IBIT NASDAQ (IBIT) +7.68%
FBTC NYSE (FBTC) +7.25%

Mid-Cap Stock Movers (Market Cap:$2-$10B)

Janux Therapeutics (JANX); Janux reports positive interim results for PSMA cancer therapy -50.31%
MTech Acquisition A (ABTC) -36.59%
SVF Investment 3 (SYM); Symbotic stock downgraded to Sell by Goldman Sachs on GreenBox JV concerns -21.73%
Vera Therapeutics (VERA) +17.82%
Hut 8 Mining PK (HUT) -13.06%
Sustainable Opportunities Acqui (TMC) +14.31%
Inspire Medical Systems Inc (INSP) +10.48%
WeShop Holdings Ltd (WSHP) +22.4%
Ondas (ONDS); Rail veteran Brent Laing joins Ondas Networks board to advance dot16 protocol +9.56%
FETH ETH (FETH) +9.58%

Small-Cap Stock Movers (Market Cap:$300M-$2B)

TryHard Holdings (THH) +34.37%
Thunder Bridge Capital Partners IV (CNCK) -22.21%
Ambitions Enterprise Management Co (AHMA) -19.11%
BMNU (BMNU) -1.36%
ETHU (ETHU) +18.61%
Simulations Plus (SLP); Simulations Plus shares jump 5% on upbeat FY26 guidance, despite revenue miss +15.98%
Fast Acquisition Corp II (FBYD); Falcon’s Beyond to join Russell 2000 index in December +20.15%
BITX (BITX) +14.96%
Veritone Inc (VERI) +14.3%
Eve Holding (EVEX) +13.31%

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This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Risk Warnings and Disclaimers

Investing.com - S&P 500 climbed Tuesday, as bullish bets on tech resumed amid rising expectations for a Federal Reserve rate cut.

At 12:52 p.m. ET (17:53 GMT), the Dow Jones Industrial Average traded 171 points, or 0.4%, higher, the S&P 500 index gained 0.3%, and the NASDAQ Composite rose 0.6%.

Fed rate cut bets in focus

The latest Institute for Supply Management data, showing more manufacturing weakness, has further strengthened expectations of a shift in Fed policy next week, with interest-rate futures suggesting investors now assign an 86% probability to a 25-basis-point cut at the Dec. 9–10 meeting.

The move is being driven by a combination of cooling data, easing inflation pressures, and recent remarks from senior Fed officials that hinted at the possibility of lower rates starting sooner than previously anticipated.

The prospect of new leadership at the Fed is adding another layer of uncertainty, with the White House considering several candidates to succeed Powell, whose term expires next year.

BofA Global Research said on Monday it now expects the U.S. Federal Reserve to cut interest rates by 25 basis points at its December meeting, having previously expected borrowing costs to remain unchanged. It now sees two additional quarter-point cuts in 2026, in June and July, bringing the terminal rate to 3.00%-3.25%.

"Our forecast of additional cuts next year is due to the change in leadership, not our read on the economy," analysts at BofA said in a note.

White House economic adviser Kevin Hassett has emerged as the frontrunner to be the next U.S. Federal Reserve chair, according to reports last week.

Marvell to lead limited earnings parade

On a relatively light earnings calendar, U.S. chipmaker Marvell Technology (NASDAQ:MRVL) will likely be the headliner after the close.

The semiconductor group has been a major competitor of larger rival Broadcom (NASDAQ:AVGO) as a provider of custom and networking chips. On Monday, media reports said it is in advanced discussion to acquire startup Celestial AI in a potential cash-and-stock deal worth multiple billions of dollars.

The likes of MongoDB (NASDAQ:MDB), Vestis (NYSE:VSTS) and Credo Technology (NASDAQ:CRDO) will also be in the spotlight after the companies reported results after the close Monday.

Additionally, Dell Technologies (NYSE:DELL) stock rose Tuesday after President Donald Trump praised the Dell family following their massive philanthropic donation.

Michael and Susan Dell announced they will give $250 each to 25 million American children under 10 years old to jumpstart investment accounts for their futures. The $6.25 billion gift extends the "Invest America" initiative created earlier this year as part of President Trump’s One Big Beautiful Bill Act, which automatically seeds accounts with $1,000 for children born between 2025 and 2028.

Bitcoin rebounds from slump to help steady crypto-related stocks

Bitcoin (BitfinexUSD) rose more than 7% to climb back above $90K on dip buyers bought the recent selloff, helping ease negative sentiment on crypto-related stocks.

Strategy Inc (NASDAQ:MSTR), Coinbase Global Inc (NASDAQ:COIN), Marathon Petroleum Corp (F:MPN) were sharply higher.

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Peter Nurse, Ayushman Ojha contributed to this article