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Village Farms International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) has been selected as the only cannabis plant-touching operator to testify at the Drug Enforcement Administration's (DEA) Administrative Law Judge (ALJ) hearing on<a href="https://www.benzinga.com/topic/cannabis-rescheduling"> rescheduling cannabis</a>.
Out of 25 participants, <a href="https://www.benzinga.com/markets/cannabis/24/10/41433821/village-farms-cannabis-co-faces-nasdaq-compliance-challenge-heres-what-investors-need-to-know">Village Farms</a>, a US-based leader in controlled-environment agriculture, will be the only cannabis operator providing insights on the potential reclassification of marijuana from a Schedule I to a Schedule III drug under the <a href="https://www.benzinga.com/markets/cannabis/24/02/36916329/is-marijuana-a-controlled-substance-wait-what-is-a-controlled-substance">Controlled Substances Act</a>.
The hearing is expected to take place in January or February 2025, following preliminary proceedings in December.
<h3 class="wp-block-heading">Village Farms' Unique Position</h3>
In a <a href="https://www.globenewswire.com/en/news-release/2024/11/04/2973908/0/en/Village-Farms-Int[…]Selected-to-Testify-at-Marijuana-Rescheduling-Hearing.html">statement</a>, Village Farms president and CEO Michael DeGiglio talked about the importance of this event, calling it "one of the most important movements in health and wellness in our lifetime." 
DeGiglio continued, "The benefits of regulated cannabis are being increasingly embraced by other countries across the globe… It is long overdue for U.S. policymakers to accept the majority will of the American public and enact commonsense reform that fixes the broken system of criminalization we have today."
Representing the company at the hearing will be Dr. John Harloe, Global Cannabis General Counsel, who has expertise in pharmacology and cannabis policy. He will be backed by external counsel Shane Pennington.
Get Benzinga&#8217;s exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" target="_blank" rel="noreferrer noopener"></a> 
<h3 class="wp-block-heading">Understanding The Hearing&#8217;s Process And Delays</h3>
Overseen by Department of Justice Chief Law Judge John J. Mulrooney II, the hearing is expected to guide the DEA's ultimate stance on cannabis rescheduling.
Mulrooney's October 31 order noted that each participant must clarify their position on cannabis rescheduling and substantiate their interest in the proceedings.
This additional information, required by November 12, 2024, is intended to provide a clear direction for the hearing, <a href="https://mjbizdaily.com/25-witnesses-tapped-for-marijuana-rescheduling-hearing/">reported</a> MJBiz.
<h3 class="wp-block-heading">Anti-Cannabis Groups Over Represented</h3>
Beyond Village Farms, the list of participants represents various sectors, including healthcare, advocacy, law enforcement and academia.
NORML's Deputy Director Paul Armentano <a href="https://norml.org/blog/2024/11/01/dea-judge-pushes-back-timeline-for-in-person-testimony-in-marijuana-rescheduling-hearing/">expressed</a> disappointment though not surprise at the DEA's decision to include a disproportionate number of groups <a href="https://www.benzinga.com/markets/cannabis/24/08/40491549/gop-concern-about-marijuana-as-a-gateway-drug-will-it-shape-policy-and-public-perception-ahead-o">that oppose cannabis policy reform</a> among the designated participants.
"The fight to end our nation's outdated and failed cannabis prohibition laws has never been fought on a level playing field," Armentano said. 
When opened to public commentary, the DEA received <a href="https://www.benzinga.com/markets/cannabis/24/07/39842356/over-33-000-comments-flood-deas-cannabis-rescheduling-proposal-as-july-22-submission-deadline-lo">over 33,000 submissions</a>, the <a href="https://www.benzinga.com/markets/cannabis/24/05/39011156/exclusive-we-analyzed-4-000-dea-marijuana-rescheduling-comments-heres-what-americans-really-thin">vast majority </a>in support of rescheduling or de-scheduling cannabis.
Participants include:
<ul>
<li>National Cannabis Industry Association&nbsp;– Represented by CEO Aaron Smith, this group advocates for cannabis industry growth and reform.</li>
<li>American Academy of Hospice and Palliative Medicine – Dr. Chad Kollas will likely provide healthcare insights into how cannabis rescheduling may impact palliative care.</li>
<li>Veterans Initiative 22&nbsp;– Led by executive director Shanetha Lewis, the group seeks rescheduling to expand therapeutic options for veterans.</li>
<li>Smart Approaches to Marijuana (SAM)&nbsp;– An opponent of cannabis legalization, represented by Patrick Philbin.</li>
<li>Law Enforcement Groups – Including the State of Nebraska, the International Association of Chiefs of Police and the National Sheriffs' Association. These groups will likely provide perspectives on the regulatory and public safety impacts of cannabis rescheduling.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40938172/no-turning-back-now-cannabis-rescheduling-gains-momentum-expert-offers-timeline">&#8216;No Turning Back Now&#8217;: Cannabis Rescheduling Gains Momentum, Expert Offers Timeline</a>
The DEA aims to maintain open proceedings, given the high public interest. Thus, the hearing will be live-streamed but will provide limited media access.
David Culver, head of policy for the U.S. Cannabis Council, stressed the growing political momentum for cannabis reform. "The debate around this is over with both leading presidential candidates embracing rescheduling &#8211; the policy and the politics are aligned; it's now only a matter of time," he <a href="https://mjbizdaily.com/25-witnesses-tapped-for-marijuana-rescheduling-hearing/">told</a> MJBiz.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/10/41335766/cannabis-rescheduling-and-credit-risk-what-industry-insiders-are-saying">Cannabis Rescheduling And Credit Risk: What Industry Insiders Are Saying</a></li>
</ul>

Cannabis

Government

News

Regulations

Politics

Markets

Village Farms Is Only Cannabis Operator Selected To Represent Weed Industry At DEA Rescheduling Hearing

Whales with a lot of money to spend have taken a noticeably bullish stance on Barrick Gold.
Looking at options history for Barrick Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 66% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $60,075 and 7, calls, for a total amount of $401,005.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $15.0 to $20.0 for Barrick Gold during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Barrick Gold options trades today is 10210.17 with a total volume of 6,992.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Barrick Gold's big money trades within a strike price range of $15.0 to $20.0 over the last 30 days.
<h3>Barrick Gold Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730753132_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$0.58</td>
<td>$0.56</td>
<td>$0.58</td>
<td>$20.00</td>
<td>$115.4K</td>
<td>11.5K</td>
<td>2.2K</td>
</tr>
<tr>
<td>GOLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.15</td>
<td>$5.05</td>
<td>$5.05</td>
<td>$15.00</td>
<td>$63.1K</td>
<td>14.2K</td>
<td>184</td>
</tr>
<tr>
<td>GOLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.05</td>
<td>$3.95</td>
<td>$4.05</td>
<td>$17.00</td>
<td>$58.7K</td>
<td>7.5K</td>
<td>271</td>
</tr>
<tr>
<td>GOLD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$0.22</td>
<td>$0.21</td>
<td>$0.22</td>
<td>$20.00</td>
<td>$54.9K</td>
<td>24.5K</td>
<td>3.0K</td>
</tr>
<tr>
<td>GOLD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.05</td>
<td>$3.95</td>
<td>$4.05</td>
<td>$17.00</td>
<td>$44.9K</td>
<td>7.5K</td>
<td>112</td>
</tr>
</tbody>
</table>

<h3>About Barrick Gold</h3>
Based in Toronto, Barrick Gold is one of the world's largest gold miners. In 2023, the firm produced nearly 4.1 million attributable ounces of gold and about 420 million pounds of copper. At year-end 2023, Barrick had about two decades of gold reserves along with significant copper reserves. After buying Randgold in 2019 and combining its Nevada mines in a joint venture with competitor Newmont later that year, it operates mines in 19 countries in the Americas, Africa, the Middle East, and Asia. The company also has growing copper exposure. Its potential Reko Diq project in Pakistan, if developed, could double copper production by the end of the decade.
In light of the recent options history for Barrick Gold, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Barrick Gold Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 12,506,357, with GOLD's price down by -1.08%, positioned at $18.84.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 3 days.</li>
</ul>
<h3>What Analysts Are Saying About Barrick Gold</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $22.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from UBS downgraded its rating to Neutral, setting a price target of $22. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Barrick Gold, targeting a price of $23. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Barrick Gold with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

GOLD

Barrick Gold Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bullish approach towards Hims &amp; Hers Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in HIMS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Hims &amp; Hers Health. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 65% leaning bullish and 30% bearish. Among these notable options, 6 are puts, totaling $376,235, and 14 are calls, amounting to $1,112,973.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $14.0 to $30.0 for Hims &amp; Hers Health over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Hims &amp; Hers Health's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Hims &amp; Hers Health's whale trades within a strike price range from $14.0 to $30.0 in the last 30 days. 
<h3>Hims &amp; Hers Health Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730753127_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HIMS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$1.8</td>
<td>$1.7</td>
<td>$1.8</td>
<td>$20.50</td>
<td>$307.7K</td>
<td>401</td>
<td>1.8K</td>
</tr>
<tr>
<td>HIMS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.35</td>
<td>$1.3</td>
<td>$1.3</td>
<td>$17.00</td>
<td>$156.1K</td>
<td>3.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>HIMS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.0</td>
<td>$0.9</td>
<td>$0.9</td>
<td>$27.00</td>
<td>$153.1K</td>
<td>87</td>
<td>1.6K</td>
</tr>
<tr>
<td>HIMS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.4</td>
<td>$1.25</td>
<td>$1.36</td>
<td>$28.00</td>
<td>$136.0K</td>
<td>835</td>
<td>1.0K</td>
</tr>
<tr>
<td>HIMS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$5.4</td>
<td>$5.3</td>
<td>$5.4</td>
<td>$16.00</td>
<td>$134.9K</td>
<td>2.0K</td>
<td>313</td>
</tr>
</tbody>
</table>

<h3>About Hims &amp; Hers Health</h3>
Hims &amp; Hers Health Inc is a multi-specialty telehealth platform that connects consumers to licensed healthcare professionals, enabling them to access high-quality medical care for numerous conditions related to mental health, sexual health, dermatology, primary care, and more.
In light of the recent options history for Hims &amp; Hers Health, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Hims &amp; Hers Health's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 9,976,170, the HIMS's price is up by 4.05%, now at $21.18. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 0 days.</li>
</ul>
<h3>Professional Analyst Ratings for Hims &amp; Hers Health</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $24.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on Hims &amp; Hers Health, maintaining a target price of $25. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Hims &amp; Hers Health with a target price of $23. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Hims &amp; Hers Health with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Decoding Hims & Hers Health's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bearish move on Snowflake. Our analysis of options history for Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) revealed 55 unusual trades.
Delving into the details, we found 36% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 30 were puts, with a value of $2,528,412, and 25 were calls, valued at $1,600,527.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $180.0 for Snowflake over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Snowflake's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Snowflake's whale trades within a strike price range from $90.0 to $180.0 in the last 30 days. 
<h3>Snowflake Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730753122_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNOW</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$73.65</td>
<td>$70.8</td>
<td>$72.0</td>
<td>$180.00</td>
<td>$1.2M</td>
<td>0</td>
<td style="text-align: right;">170</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$8.15</td>
<td>$8.0</td>
<td>$8.0</td>
<td>$130.00</td>
<td>$199.2K</td>
<td>557</td>
<td style="text-align: right;">261</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.4</td>
<td>$9.05</td>
<td>$9.05</td>
<td>$150.00</td>
<td>$179.1K</td>
<td>917</td>
<td style="text-align: right;">248</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$10.3</td>
<td>$10.15</td>
<td>$10.22</td>
<td>$115.00</td>
<td>$102.8K</td>
<td>1.0K</td>
<td style="text-align: right;">335</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.15</td>
<td>$12.1</td>
<td>$12.1</td>
<td>$115.00</td>
<td>$84.7K</td>
<td>1.5K</td>
<td style="text-align: right;">241</td>
</tr>
</tbody>
</table>

<h3>About Snowflake</h3>
Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.
Having examined the options trading patterns of Snowflake, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Snowflake</h3>
<ul>
<li>With a volume of 2,219,035, the price of SNOW is down -1.1% at $114.22. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 16 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Snowflake with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

SNOW

This Is What Whales Are Betting On Snowflake

Rumors

INTC

Silver Lake And Bain Capital Set To Bid For Multi-Billion Dollar Stake In Intel's Altera Unit, With Intel Targeting $17B Valuation

When you think of where the ultra-wealthy put their money, you might picture portfolios heavy in stocks, maybe some bonds and a splash of luxury assets like art or rare cars. But in reality, the top asset for many <a href="https://www.benzinga.com/personal-finance/24/05/39069576/are-you-rich-heres-the-net-worth-you-need-to-be-poor-middle-class-and-wealthy">high-net-worth individuals</a> (HNWIs) isn't stocks. Instead, real estate dominates, making up a substantial chunk of their wealth.
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<li>This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.</li>
</ul>
Why the Wealthy Favor Real Estate
For the ultra-wealthy, real estate isn't just another investment; it's the foundation of their portfolio. Real estate is a "real asset" with long-term growth potential that doesn't fluctuate as wildly as the stock market. This stability makes it especially attractive in uncertain times. According to Knight Frank, ultra-wealthy investors (those with $30 million or more in net worth) allocate about 32% of their wealth to residential properties and around 21% to commercial real estate. Altogether, that's more than half of their assets in real estate.
These investors often own multiple properties in prime locations around the world. These aren't just trophy assets, either. Many properties are "investments of passion," offering personal enjoyment and financial appreciation. Imagine a beach villa that appreciates and doubles as a luxurious retreat. This dual-purpose nature – lifestyle and investment – adds depth that stocks or bonds can't match.
Trending: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/connect-invest-real-estate-notes">These high-yield real estate notes that pay 7.5% &#8211; 9% make earning passive income easier than ever.</a>
Real Estate vs. Other Investments
So, where does this leave traditional assets like stocks and bonds? While stocks remain significant, they tend to make up less of ultra-wealthy portfolios than real estate. Stocks offer growth, but the wealthy are selective, often favoring large stakes in top companies, private equity or venture capital over risky ventures. On average, stocks account for about 26% of ultra-wealthy portfolios. For them, stocks are a growth tool, not the primary "wealth builder."
Bonds, meanwhile, have become less appealing due to their low returns in recent years. Bonds typically comprise about 10% of ultra-wealthy portfolios, especially in today's fluctuating interest rate environment. Instead, high-net-worth investors are increasingly drawn to alternative investments, like private equity, venture capital and luxury assets like art and collectibles. These alternatives help hedge against stock market volatility and inflation.
Trending: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a>
The Rise of Alternative Investments
Beyond real estate and stocks, private equity and venture capital are getting more attention. Private equity investments, which allow the wealthy to buy into private companies or startups before they go public, offer high-risk but potentially high returns. A Campden Wealth and Titanbay report reveals that the average ultrahigh net worth (UHNW) investor allocates about 20% of their overall portfolio to private equity, with 21% of that private equity allocation going to venture capital. Other alternatives, like hedge and commercial property funds, add diversification and unique value.
Why Real Estate Remains King
Given recent economic shifts, real estate has only grown more appealing. As inflation rises and stock markets stay volatile, wealthy investors see real estate as a hedge against inflation and a store of value. With properties that appreciate steadily, real estate has become a solid bedrock in a shifting financial landscape.
See Also: Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a>
Want to Invest Like the Ultra-Wealthy? Here's How to Start
If real estate's stability appeals to you, there are accessible ways to get started:
<ul>
<li>Real Estate Investment Trusts (REITs): <a href="https://www.benzinga.com/markets/24/10/41620903/8-high-yield-reits-to-boost-your-portfolio-no-property-management-required">REITs allow you to invest in real estate without direct ownership</a>. They pay dividends and give you exposure to real estate with a lower barrier to entry.</li>
</ul>
<ul>
<li>Rental Properties: Even one rental property can provide steady income and appreciation over time. Start with a location in high demand to maximize rental income and value.</li>
</ul>
<ul>
<li>Alternative Assets: For further diversification, consider private equity funds or alternative assets like art or collectibles, though these require careful research.</li>
</ul>
<a href="https://www.benzinga.com/personal-finance/24/10/41193824/are-you-rich-enough-to-be-in-the-top-1-heres-both-the-income-and-net-worth-you-need-to-rank-amon">Investing like the ultra-wealthy</a> doesn't mean chasing every asset class they own. But understanding why they favor real estate over stocks highlights valuable lessons: real assets, particularly in real estate, can provide stability and steady growth even in a volatile market.&nbsp;
With thoughtful, strategic decisions, you, too, can build a portfolio with long-term potential. It's also good to <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">consult a financial advisor</a> for personalized investment advice that aligns with your goals and risk tolerance.&nbsp;
Read Next:
<ul>
<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
<li>With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today.</a></li>
</ul>

Personal Finance

Can You Guess What Asset the Ultra-Wealthy Invest In Most? Here's A Hint: It's Not Stocks

Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) has outperformed the market over the past 15 years by 1.13% on an annualized basis producing an average annual return of 12.75%. Currently, Johnson Controls Intl has a market capitalization of $49.39 billion. 
Buying $100 In JCI: If an investor had bought $100 of JCI stock 15 years ago, it would be worth $604.55 today based on a price of $73.93 for JCI at the time of writing.
<h3>Johnson Controls Intl's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730752221_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.

Trading Ideas

$100 Invested In Johnson Controls Intl 15 Years Ago Would Be Worth This Much Today

Masimo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASI#NASDAQ">MASI</a>) has outperformed the market over the past 10 years by 8.0% on an annualized basis producing an average annual return of 18.82%. Currently, Masimo has a market capitalization of $7.71 billion. 
Buying $1000 In MASI: If an investor had bought $1000 of MASI stock 10 years ago, it would be worth $5,655.84 today based on a price of $144.22 for MASI at the time of writing.
<h3>Masimo's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730752216_0_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.

MASI

Here's How Much $1000 Invested In Masimo 10 Years Ago Would Be Worth Today

As Americans head to the polls on November 5 to elect a new president, Floridians will also weigh in on cannabis legalization. Gov. <a href="https://www.benzinga.com/topic/ron-desantis">Ron DeSantis</a> has been leading the anti-marijuana charge in the months-long heated debate.
The governor and the Republican Party of Florida have found a common bond with hemp companies that already sell high-potency cannabis to Floridians, at least when it comes to opposing the proposed <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">constitutional amendment</a>, known as Amendment 3, to legalize recreational marijuana in Florida.
According to a Miami Herald/Times <a href="https://www.miamiherald.com/news/politics-government/state-politics/article294313734.html">investigation</a>, the Republican Party of Florida and a political committee run by DeSantis' chief of staff have acquired donations from such businesses after the governor vetoed a bill in June that would have banned certain intoxicating hemp-derived products. That bill would have outlawed the sale of products containing delta-8 THC and limited the amount of delta-9 THC, both of which are unregulated and widely available, including to minors.
Following <a href="https://www.benzinga.com/markets/cannabis/24/06/39243424/desantis-vetoes-bill-that-would-regulate-intoxicating-hemp-in-lifeline-to-industry-as-he-bashes-">DeSantis&#8217;s veto</a>, hemp executives pledged up to $5 million in donations to the Republican Party in support of the governor's effort to <a href="https://www.benzinga.com/markets/cannabis/24/06/39311053/desantis-blasts-cannabis-legalization-amendment-says-people-will-be-able-to-bring-20-joints-to-a">defeat Amendment 3</a>, according to WhatsApp messages <a href="https://www.benzinga.com/markets/cannabis/24/07/39760907/ron-desantis-floridas-gop-and-hemp-industry-pile-on-to-defeat-marijuana-legalization">reviewed</a> by CBS News Miami in July.
The Herald/Times investigation also revealed that some hemp products from companies donating to DeSantis tested above the legal THC limit (0.3%) and contained unauthorized or banned pesticides.
Political contributions from these hemp businesses totaled over $500,000, with notable donations from companies whose products, which were tested by the Herald/Times, were found to exceed THC limits.
Matthew Curran, director of the state Department of Agriculture's Division of Food Safety said the Herald/Times' findings "appear to be consistent with what we regularly identify in our testing program." Since June 2023, over 1.1 million packages of hemp products on store shelves were found to violate the state law before being pulled, Curran added.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41656678/trump-harris-and-desantis-face-off-on-cannabis-legalization-in-florida-and-beyond">Trump, Harris And DeSantis Face Off On Cannabis Legalization In Florida And Beyond</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h2 class="wp-block-heading">Weed Legalization A Threat To Hemp Businesses</h2>
The unified front against <a href="https://www.benzinga.com/markets/cannabis/24/04/38034138/florida-supreme-court-approves-cannabis-legalization-proposal-for-november-election-in-blow-to-d">Amendment 3</a> argues the policy change would harm small businesses involved in the cultivation, distribution and sale of hemp statewide.
Meanwhile, with Trulieve Cannabis Corp. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/TRUL#CSE">TRUL</a>) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTCQX">TCNNF</a>) &#8211; which <a href="https://www.benzinga.com/markets/cannabis/23/10/35206042/trulieve-donates-500k-to-floridas-marijuana-legalization-ballot-initiative">donated</a> up to $130 million to the legalization campaign Smart &amp; Safe Florida&#8211; many hemp businesses say they have sustainability concerns if policy change is enacted.
"I don't have the tens of millions of dollars Trulieve has to fight this," said Patrick O'Brien, owner of Chronic Guru farms and dispensaries who gave $100,000 to a political committee run by DeSantis&#8217; chief of staff. "I got a grassroots company with over a hundred team members currently that I'm responsible for and I figured that I would partner up with the loudest voice in the room." 
DeSantis also argued legalization of recreational cannabis would be a threat to public health and would also <a href="https://www.benzinga.com/markets/cannabis/24/06/39346531/desantis-cant-get-past-the-odor-of-weed-to-smell-the-flowers-specifically-430m-annually-in-canna">make the Sunshine State smell like marijuana.</a>
The findings uncovered by the Herald/Times investigation are in line with national tensions between hemp and marijuana legalization efforts.
Recently, California Gov. <a href="http://m/topic/gavin-newsom">Gavin Newsom</a>‘s emergency ban on all hemp-derived THC products became official. The move halted the sale of hemp products, including popular items like hemp-THC beverages and medicinal CBD products, <a href="https://www.benzinga.com/markets/cannabis/24/09/41012794/gov-newsoms-hemp-ban-goes-into-effect-consequences-for-industry-investors-patients">throughout</a> the Golden State, where recreational cannabis has been legal for years.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41634899/desantis-intensifies-aggressive-tactics-against-cannabis-and-abortion-amendments-as-election-loo">DeSantis Intensifies Aggressive Tactics Against Cannabis And Abortion Amendments As Election Looms</a></li>
</ul>

CSE:TRUL

TCNNF

TRUL

Hemp Donations Fuel DeSantis And Florida GOP's Charge Against Weed Legalization, New Findings

Cryptocurrency markets are trading lower on the day before the presidential election.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$67,873.44</td>
<td>-1.1%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$2,429.33</td>
<td>-0.8%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$159.90</td>
<td>-0.6%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.1596</td>
<td>+7.5%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00001691</td>
<td>-1.5%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 7.7% and daily active addresses falling by 8.4%. Transactions greater than $100,000 are down from 6,498 to 5,942 in a single day. Exchanges netflows are down by 457.7%.</li>
<li>Coinglass data reports 59,506 traders were liquidated in the past 24 hours for $159.29 million.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41723555/michigan-pension-fund-invests-10m-in-ethereum-etfs-exceeds-bitcoin-holdings">Michigan Pension Fund Invests $10M In Ethereum ETFs, Exceeds Bitcoin Holdings</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41711028/why-do-crypto-projects-fail-naval-ravikant-reveals-surprising-reason-behind-this-phenomeno">Why Do Crypto Projects Fail? Naval Ravikant Reveals Surprising Reason Behind This Phenomenon</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41715056/61-000-is-bitcoin-line-in-the-sand-for-etf-demand-to-remain-steady-says-analyst">$61,000 Is Bitcoin&#8217; Line In The Sand For ETF Demand To Remain Steady, Says Analyst</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41710293/bitcoin-could-hit-90-000-if-trump-wins-hold-50-000-floor-under-harris-bernstein">Bitcoin Could Hit $90,000 If Trump Wins, Hold $50,000 Floor Under Harris: Bernstein</a></li>
</ul>
Top Losers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>THORChain (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/rune/usd">RUNE</a>)</td>
<td>&nbsp;$4.58</td>
<td>-8.9%</td>
</tr>
<tr>
<td>Popcat (SOL) (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">POPCAT</a>)</td>
<td>&nbsp;$1.24</td>
<td>-6.6%</td>
</tr>
<tr>
<td>Optimism (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">OP</a>)</td>
<td>&nbsp;$1.33</td>
<td>-6.4%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin prices trading relatively flat, crypto chart analyst Ali Martinez flags a buy signal on Bitcoin&#8217;s 12-hour chart.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential has been spot-on with <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> trends on the 12-hour chart, and it's now showing a buy signal! <a href="https://t.co/lGL3U0rUSd">pic.twitter.com/lGL3U0rUSd</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1853502915417424043?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Crypto trader MaxBecauseBTC talks about the significance of the election, noting that based on historical trends, Bitcoin tends to perform well in the year following a U.S. presidential election, regardless of which party wins. However, the outcome could impact altcoins differently.
The analyst is heavily <a href="https://x.com/MaxBecauseBTC/status/1853503605111652566">invested</a> in Bitcoin and cautions others to brace for intense price swings over the next 48 hours, suggesting it may be less stressful to step away from monitoring charts during this period.
IntoTheBlock data shows that long-term holders are selling but in a less aggressive manner than in previous weeks. The tweet added that this moderate sell-off suggests a shift, with investors showing caution about Bitcoin's current market stage. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This chart shows long-term Bitcoin holders&#39; balances. This cycle marks some clear differences from previous ones. While long-term holders are selling, it&#39;s less aggressive than in past bull peaks. This moderate sell-off suggests a shift, with investors showing caution about… <a href="https://t.co/Qi0MzNC8pJ">pic.twitter.com/Qi0MzNC8pJ</a>
&mdash; IntoTheBlock (@intotheblock) <a href="https://twitter.com/intotheblock/status/1853491255365222589?ref_src=twsrc%5Etfw">November 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41720318/bitcoin-on-the-evening-of-the-election-heres-how-it-performed-in-2012-2016-and-2020">Bitcoin On The Evening Of The Election—Here&#8217;s How It Performed In 2012, 2016 And 2020</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

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$DOGE

$ETH

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$RUNE

$SHIB

$SOL

Bitcoin, Ethereum Wobble As Election Results Loom, But Dogecoin Surges: Expect 'Brutal' Price Action In The Next 48 Hours, Trader Warns

The U.S. semiconductor industry is intensifying efforts to exclude Chinese firms from its supply chains, following Washington&#8217;s directives to reduce China&#8217;s involvement in critical next-generation technologies.
Prominent chip equipment makers, such as Applied Materials Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) and Lam Research Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), have informed suppliers that they must find non-Chinese alternatives for specific components or risk losing their supplier status.
This requirement also extends to barring suppliers with Chinese investors or shareholders from continuing business partnerships with these companies, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/u-s-chip-toolmakers-move-to-cut-china-from-supply-chains-6ad44c98?mod=latest_headlines" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41715564/foxs-q1-earnings-revenue-and-eps-beat-political-ads-tubi-expansion-boosts-growth" rel="noreferrer noopener">Fox&#8217;s Q1 Earnings: Revenue And EPS Beat, Political Ads, Tubi Expansion Boosts Growth</a>
Industry experts indicate that shifting to non-Chinese suppliers will likely increase chipmakers&#8217; costs, as alternatives may be limited or more expensive.
While Lam Research confirmed that it complies with U.S. export restrictions for chip-related supply chains, Applied Materials highlighted its efforts to source alternative components to ensure stable supply, especially as China remains one of its biggest markets.
The U.S. government has tightened its stance on Chinese imports, with both leading presidential candidates pledging stricter trade policies. The semiconductor industry is central to national security, and lawmakers have blocked China&#8217;s access to advanced chips and equipment made in U.S.-friendly regions such as Taiwan, South Korea, and Japan.
Further, recent Commerce Department rules require U.S. companies to obtain licenses before disclosing technical information to Chinese suppliers, limiting the scope of Chinese involvement in sensitive chip technology.
BofA Securities analyst Vivek Arya and Goldman Sachs analyst Toshiya Hari flagged Lam Research&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41528577/lam-research-positioned-for-growth-amid-nand-recovery-and-advanced-packaging-streng" rel="noreferrer noopener">strategic positioning in</a> key tech areas, including its role in the recovering NAND market and its consistent free cash flow, as factors supporting his outlook.
Arya pointed out that while China&#8217;s share will likely stabilize at 30% by December, export control risks remain, and gains in gross and operating margins appear constrained.
Hari also noted that the market could positively perceive Lam Research&#8217;s reduced revenue share from China in the Systems business.
Needham&#8217;s Charles Shi <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40423260/applied-materials-positioned-for-2025-growth-despite-soft-china-revenue-and-light-q" rel="noreferrer noopener">highlighted a notable</a> drop in Applied Material&#8217;s China revenue to 32%, below the typical 40% industry share, which he believes could set the stock up well if China wafer fab equipment (WFE) declines into 2025.
Cantor Fitzgerald&#8217;s C.J. Muse flagged Applied Materials&#8217;s strength in Silicon revenues, leading-edge Foundry, and DRAM, alongside solid margin performance and optimistic WFE share gains for 2025.
Price Actions: At last check on Monday, AMAT stock was down 0.44% at $182.57. LRCX was down 0.70% at $74.28.
Also Read:
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<li><a href="https://www.benzinga.com/news/earnings/24/11/41714051/marriott-international-q3-earnings-china-market-weakness-drags-on-performance-adjusts-full-year-out" target="_blank" rel="noreferrer noopener">Marriott International Q3 Earnings: China Market Weakness Drags on Performance, Adjusts Full-Year Outlook</a></li>
</ul>
Photo via Shutterstock

Emerging Markets

Tech

Media

AMAT

LRCX

Applied Materials and Lam Research Shift Supply Chains Away from China to Meet New US Guidelines

https://www.reuters.com/world/uk/uk-detects-two-more-cases-new-mpox-variant-2024-11-04/#:~:text=LONDON%2C%20Nov%204%20(Reuters),to%20the%20population%20remained%20low.

Macro Notification

General

AEMD

CMRX

GOVX

MRNA

TNXP

VRAX

'UK detects two more cases of new mpox variant' - Reuters

For years, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has been adamant about not using celebrity promotions or paid advertisements to advertise<a href="https://www.benzinga.com/general/entertainment/24/02/37412516/they-clearly-have-great-taste-tesla-ceo-elon-musk-thrilled-by-growing-list-of-celebs-buying"> the company's products.</a>
While the company has come around to traditional advertising, Tesla could also be having a change of heart on the use of brand ambassadors and paid celebrity promotions.
What Happened: Tesla signed South Korean pistol shooter Kim Ye-ji as a brand ambassador, according to a report from <a href="https://www.teslarati.com/tesla-signs-korean-olympian-to-be-first-brand-ambassador/amp/">Teslarati</a>.
Ye-ji won a silver medal at the 2024 Summer Olympics and went viral for her stone-cold expression.
In a press release, Ye-ji said she hopes to "convey a positive message together with Tesla."
Musk tweeted about the shooter's performance at the 2024 Summer Olympics, which may have sparked the interest in a brand ambassador partnership to help boost Tesla's presence in South Korea, Electrek <a href="https://electrek.co/2024/11/01/tesla-hires-celebrity-ambassador-despite-elon-musk-saying-they-dont-pay-for-endorsements/">reported</a>.
"The relationship between Kim Ye-ji and Tesla developed after Elon Musk mentioned her. The company said that Kim is Tesla Korea's first brand ambassador," Kim's agency said according to the report.
The shooter <a href="https://www.instagram.com/p/DBzwfTazzgv/">shared </a>an image of herself and a Tesla vehicle on her Instagram, where she has over 127,000 followers.
Benzinga reached out to Tesla for comment and has not heard back.
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
Why It's Important: Musk <a href="https://www.benzinga.com/general/entertainment/24/02/37062490/elon-musk-shuts-down-snoop-doggs-request-for-free-tesla-everyone-pays-full-price-including-">once shot down</a> the idea of giving Snoop Dogg a free Tesla vehicle, reiterating the company's policy when it comes to celebrities.
"Everyone pays full price for a Tesla, including me," Musk <a href="https://twitter.com/elonmusk/status/1756752162971918808">said</a> in February.
Musk<a href="https://www.benzinga.com/general/entertainment/24/03/37852639/tesla-cybertruck-the-new-celebrity-fashion-accessory-steve-aoki-big-sean-latest-to-own-ev"> has also highlighted </a>the multiple celebrities who have purchased Cybertruck vehicles haven't been paid by the company or given free vehicles.
"No one receives a discount (including me) and no one is paid to promote our products," Musk said in February.
Tesla and Musk may have had a change of heart with the signing of Ye-ji, marking the first known celebrity ambassador deal for the car company.
Tesla has not officially confirmed the reports, but the signing wouldn't come as a huge surprise given Tesla's recent advertising on YouTube, X <a href="https://www.benzinga.com/news/23/10/35198915/tesla-breaks-tradition-with-new-video-ad-campaign-at-a-major-international-airport">and at airports.</a>
Tesla's sales in Korea totaled around 10,000 units in the first half of 2024, according to Electrek. While the total is low, the Tesla Model Y is the bestselling imported vehicle in the country.
The signing of the Korean shooter could help boost the company&#8217;s presence in South Korea, a country often dominated by domestic automakers. 
Already gaining a strong following in Korea since the Olympics thanks to the silver medal and viral fame, the shooter is set to <a href="https://www.npr.org/2024/09/23/nx-s1-5123474/kim-yeji-olympic-shooter-assassin">play </a>as assassin in an upcoming movie, which is likely music to Musk's ears.
"She should be cast in an action movie," Musk previously tweeted. "No acting required!"
If Tesla is looking to expand its brand ambassador program to boost its presence in other international markets, Benzinga already has an idea for Japan. <a href="https://www.benzinga.com/news/21/07/21920664/baseball-superstar-shohei-ohtani-drives-a-tesla-could-that-help-the-company-in-japan">Benzinga previously said</a> that Japanese baseball player Shohei Ohtani, who plays for the Los Angeles Dodgers, owns a Tesla Model X and could help boost the vehicle company in Japan given his strong following from his home country. 
Price Action: Tesla stock is down 2% to $244.80 on Monday, versus a 52-week trading range of $138.80 to $273.54. Tesla stock is down 2% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41501607/tesla-q3-earnings-highlights-eps-beat-revenue-miss-shares-climb-on-2025-timeline-for-lower-cost-evs">Tesla Q3 Earnings Highlights: EPS Beat, Revenue Miss, Shares Climb On 2025 Timeline For Lower-Cost EVs</a></li>
</ul>
Image:

Sports

TSLA

Did Elon Musk Change His Mind On Celebrity Endorsements? Tesla Signs Deal With Viral Olympian In This Country

The Doge Jones Industrial Average, a meme coin designed as a humorous nod to the traditional Dow Jones Industrial Average, has introduced its latest tool, a meme coin sentiment tracker to capture real-time market sentiment <a href="https://www.benzinga.com/money/top-meme-coins">within the space</a>.
What Happened: The launch aims to engage younger generations such as Gen Z and Gen Alpha, who are increasingly seeking alternative avenues for financial independence amid economic uncertainties.
The sentiment tracker, part of DJI's platform, offers a view of the meme coin market&#8217;s dynamics, including customizable sentiment analysis, moon countdowns, and metrics on FOMO (fear of missing out) and FUD (fear, uncertainty, and doubt). 
This tracker arrives as interest in meme coins continues to rise, reflecting a shift in how emerging investors approach financial markets and wealth-building strategies.
The rapid adoption of meme coins aligns with principles from the FIRE (Financial Independence, Retire Early) movement, appealing to those looking for unconventional financial strategies.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41723555/michigan-pension-fund-invests-10m-in-ethereum-etfs-exceeds-bitcoin-holdings">Michigan Pension Fund Invests $10M In Ethereum ETFs, Exceeds Bitcoin Holdings</a>
Notable influencers such as Murad Mahmudov have played a role in popularizing the cultural and economic relevance of meme coins, further elevating their profile in the crypto space. 
According to Coinmarketcap, the total market cap of meme coins now surpasses $55 billion, showcasing significant growth in this segment.
The community surrounding DJI has set an ambitious target: to &#8220;Flip the Dow&#8221; by surpassing the market capitalization of the Dow Jones Industrial Average. 
While this goal may seem symbolic, it underscores a larger trend of young investors moving away from traditional finance toward decentralized and community-driven assets.
What&#8217;s Next: The evolution of such instruments will be part of the discussion at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where experts will explore shifts in the digital asset landscape and the growing impact of innovative crypto strategies on traditional financial models.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41715056/61-000-is-bitcoin-line-in-the-sand-for-etf-demand-to-remain-steady-says-analyst">$61,000 Is Bitcoin&#8217; Line In The Sand For ETF Demand To Remain Steady, Says Analyst</a></li>
</ul>
Image: Shutterstock

Meme Coin 'Doge Jones Industrial Average' Launches Meme Coin Sentiment Tracker In Push To 'Flip The Dow'

Investors with a lot of money to spend have taken a bearish stance on United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with URI, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for United Rentals.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 44%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $555,100, and 3 are calls, for a total amount of $150,585.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $770.0 to $850.0 for United Rentals over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for United Rentals's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United Rentals's significant trades, within a strike price range of $770.0 to $850.0, over the past month.
<h3>United Rentals Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730751333_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>URI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$31.8</td>
<td>$29.2</td>
<td>$29.39</td>
<td>$770.00</td>
<td>$138.5K</td>
<td style="text-align: right;">440</td>
<td style="text-align: right;">152</td>
</tr>
<tr>
<td>URI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$64.0</td>
<td>$63.1</td>
<td>$64.0</td>
<td>$790.00</td>
<td>$115.2K</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">18</td>
</tr>
<tr>
<td>URI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$29.7</td>
<td>$29.3</td>
<td>$29.37</td>
<td>$770.00</td>
<td>$105.6K</td>
<td style="text-align: right;">440</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>URI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$30.0</td>
<td>$29.3</td>
<td>$29.57</td>
<td>$770.00</td>
<td>$77.1K</td>
<td style="text-align: right;">440</td>
<td style="text-align: right;">66</td>
</tr>
<tr>
<td>URI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$30.1</td>
<td>$29.0</td>
<td>$29.6</td>
<td>$770.00</td>
<td>$68.1K</td>
<td style="text-align: right;">440</td>
<td style="text-align: right;">23</td>
</tr>
</tbody>
</table>

<h3>About United Rentals</h3>
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $22 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.
Following our analysis of the options activities associated with United Rentals, we pivot to a closer look at the company's own performance.
<h3>Where Is United Rentals Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 403,771, the URI's price is down by -1.32%, now at $782.96. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 79 days.</li>
</ul>
<h3>Professional Analyst Ratings for United Rentals</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $862.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on United Rentals with a target price of $930. 
&#x2A; Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for United Rentals, targeting a price of $954. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on United Rentals, maintaining a target price of $910. 
&#x2A; An analyst from Truist Securities has decided to maintain their Buy rating on United Rentals, which currently sits at a price target of $955. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Underweight rating for United Rentals, targeting a price of $565. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest United Rentals options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

United Rentals Unusual Options Activity For November 04

Deep-pocketed investors have adopted a bullish approach towards Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AFRM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 45 extraordinary options activities for Affirm Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 53% leaning bullish and 40% bearish. Among these notable options, 18 are puts, totaling $1,116,305, and 27 are calls, amounting to $1,215,933.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $70.0 for Affirm Holdings over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Affirm Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Affirm Holdings's substantial trades, within a strike price spectrum from $20.0 to $70.0 over the preceding 30 days.
<h3>Affirm Holdings Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730751328_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$11.35</td>
<td>$11.15</td>
<td>$11.25</td>
<td>$52.50</td>
<td>$221.6K</td>
<td>588</td>
<td style="text-align: right;">201</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.73</td>
<td>$2.7</td>
<td>$2.7</td>
<td>$47.50</td>
<td>$108.2K</td>
<td>7.4K</td>
<td style="text-align: right;">584</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$26.65</td>
<td>$26.45</td>
<td>$26.45</td>
<td>$70.00</td>
<td>$105.8K</td>
<td>8</td>
<td style="text-align: right;">108</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$3.75</td>
<td>$3.7</td>
<td>$3.75</td>
<td>$44.00</td>
<td>$105.0K</td>
<td>745</td>
<td style="text-align: right;">312</td>
</tr>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$15.05</td>
<td>$15.0</td>
<td>$15.0</td>
<td>$47.50</td>
<td>$75.0K</td>
<td>416</td>
<td style="text-align: right;">134</td>
</tr>
</tbody>
</table>

<h3>About Affirm Holdings</h3>
Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a majority share of its revenue from the United States.
In light of the recent options history for Affirm Holdings, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Affirm Holdings's Current Market Status</h3>
<ul>
<li>Trading volume stands at 4,599,380, with AFRM's price up by 0.76%, positioned at $43.55.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 3 days.</li>
</ul>
<h3>What Analysts Are Saying About Affirm Holdings</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $51.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Wells Fargo has elevated its stance to Overweight, setting a new price target at $52. 
&#x2A; Showing optimism, an analyst from Wedbush upgrades its rating to Neutral with a revised price target of $45. 
&#x2A; An analyst from Goldman Sachs persists with their Buy rating on Affirm Holdings, maintaining a target price of $54. 
&#x2A; An analyst from BTIG has elevated its stance to Buy, setting a new price target at $68. 
&#x2A; Showing optimism, an analyst from Morgan Stanley upgrades its rating to Equal-Weight with a revised price target of $37. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Affirm Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

AFRM

Affirm Holdings's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bearish stance on Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SPOT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 18 uncommon options trades for Spotify Technology.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 55%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $119,590, and 16 are calls, for a total amount of $965,061.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $260.0 to $460.0 for Spotify Technology during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Spotify Technology options trades today is 223.08 with a total volume of 758.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Spotify Technology's big money trades within a strike price range of $260.0 to $460.0 over the last 30 days.
<h3>Spotify Technology Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730751323_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$80.9</td>
<td>$80.0</td>
<td>$80.0</td>
<td>$320.00</td>
<td>$400.0K</td>
<td style="text-align: right;">118</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>SPOT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$5.3</td>
<td>$4.55</td>
<td>$4.75</td>
<td>$260.00</td>
<td>$81.7K</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">172</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$27.1</td>
<td>$27.05</td>
<td>$27.05</td>
<td>$380.00</td>
<td>$75.7K</td>
<td style="text-align: right;">216</td>
<td style="text-align: right;">48</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$27.35</td>
<td>$27.1</td>
<td>$27.1</td>
<td>$390.00</td>
<td>$54.2K</td>
<td style="text-align: right;">283</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>SPOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$31.7</td>
<td>$31.65</td>
<td>$31.7</td>
<td>$370.00</td>
<td>$47.5K</td>
<td style="text-align: right;">167</td>
<td style="text-align: right;">16</td>
</tr>
</tbody>
</table>

<h3>About Spotify Technology</h3>
Spotify is the leading global music streaming service provider, with over 600 million monthly active users and 250 million paying subscribers, with the latter comprising the firm's premium segment. Most of the firm's revenue and nearly all its gross profit come from the subscribers, who pay a monthly fee to access a very comprehensive music library that consists of most of the most popular songs ever recorded, including all from the major record labels. The firm also sells separate audiobook subscriptions and integrates podcasts within its standard music app. Podcast content is not exclusive and is typically free to access on other platforms. Ad-supported users can access a similar music catalog but cannot customize a similar on-demand experience.
Having examined the options trading patterns of Spotify Technology, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Spotify Technology</h3>
<ul>
<li>Trading volume stands at 792,241, with SPOT's price down by -1.19%, positioned at $379.94.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 8 days.</li>
</ul>
<h3>What The Experts Say On Spotify Technology</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $457.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Spotify Technology, targeting a price of $490. 
&#x2A; Maintaining their stance, an analyst from Rosenblatt continues to hold a Buy rating for Spotify Technology, targeting a price of $438. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Spotify Technology, which currently sits at a price target of $430. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Spotify Technology, which currently sits at a price target of $470. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Spotify Technology, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

SPOT

Spotify Technology Unusual Options Activity For November 04

Globalstar Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#AMEX">GSAT</a>) shares are trading higher Monday after the company on Friday announced an extended services agreement with Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which includes plans to build and launch a new <a href="https://www.benzinga.com/news/24/11/41688837/apple-satellite-connectivity-provider-globalstar-stock-surges-after-deal-extension">mobile satellite services (MSS) network. </a>
What To Know: Under the new terms of the updated services agreement, Apple will prepay up to $1.1 billion to Globalstar, funding the construction, launch and operation of the new MSS network. 
The funding will cover costs for new satellites, expanded ground facilities and broader MSS licensing globally. Apple will also invest $400 million to acquire a 20% stake in Globalstar's newly created subsidiary, Globalstar Licensee, which will own and operate the MSS network.
The partnership includes provisions for Globalstar to earn incremental service fees from Apple, which will increase based on performance milestones, regulatory achievements and other service conditions. Apple also agreed to pay Globalstar an annual service fee of $30 million, which will increase over time as the new network becomes operational.
Apple's equity in the MSS network will be structured to allow quarterly redemptions once the full prepayment has been repaid. Additionally, Globalstar can repurchase Apple's stake under certain conditions, while Apple has the option to redeem its shares if specific contract terms are not met by Globalstar.
In an effort to support Globalstar's financial stability, the revised agreement also adjusts Globalstar&#8217;s 2023 funding terms. These adjustments include removing cash sweeps, deferring repayment dates to 2026 and easing certain loan conditions. 
In the second quarter of 2024, Globalstar reported revenue growth of 10% as sales climbed to $60.4 million. The company's adjusted EBITDA for the quarter was $32.6 million. Globalstar projected its revenue for the year to come in between $235 million and $250 million, versus consensus estimates of $237.5 million.
Globalstar is scheduled to report <a href="https://www.benzinga.com/calendars/earnings">third-quarter financial results</a> after the market close on Thursday. Analysts expect the company to report quarterly revenue of $60.34 million, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
GSAT Price Action: <a href="http://benzinga.com/quote/gsat">Globalstar shares</a> were up 30.4% at $1.80 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro</a>.
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="535" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1-1024x535.png" alt="" class="wp-image-628693" style="width:380px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1-1024x535.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1-768x401.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/04141015/GSAT-1.png 1171w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Globalstar Stock Is Surging Monday: What's Going On?

All eyes are focused on the upcoming U.S. presidential election, with several indicators suggesting a tight race between Vice President Kamala Harris and former President Donald J. Trump. However, a<a href="https://www.benzinga.com/news/24/11/41702887/harris-takes-lead-in-red-state-iowa-in-shock-poll"> shocking poll</a> result in Iowa may have significant implications for the race and thus for the broader geopolitical paradigm.
According to pollster Ann Selzer of the Des Moines Register, Harris leads Trump 47% to 44% among likely voters. As Benzinga staff writer Bibhu Pattnaik mentioned, the significance is that "Trump held a four-point lead in the same poll in September – and led President Joe Biden by 18 points before Biden quit the race."
To be fair, another Iowa poll conducted by Emerson College Polling/RealClearDefense showed that Trump is leading Harris by 10 percentage points. Therefore, the Trump campaign dismissed the Des Moines Register/Mediacom survey as an "outlier poll."
Nevertheless, Selzer commands a<a href="https://www.newsweek.com/who-ann-selzer-iowa-poll-kamala-harris-1979294"> strong</a> reputation, having made controversial calls that later turned out to be correct. These calls included correctly predicting Trump's win in Iowa in 2016 and 2020. If the pollster turns out to be correct once more, investors may want to turn their attention to the geopolitical realm.
Harris has maintained the Biden administration's strong support of Ukraine in its efforts to expel Russia's invasion. At the same time, the vice president has<a href="https://www.benzinga.com/news/24/09/40811624/kamala-harris-slams-donald-trump-over-friendship-with-russian-president-a-dictator-who-would-eat-you"> also blasted Trump</a> for his "friendship" with Russian president Vladimir Putin. Should Harris win on Tuesday, it's probable that every effort would be made to provide lethal aid to Ukraine. Cynically, this push would likely bolster the defense industry.
The DFEN ETF: Investors willing to speculate on an electoral victory for the Democrats may consider the Direxion Daily Aerospace &amp; Defense Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFEN#NYSE">DFEN</a>). A highly leveraged exchange-traded fund, DFEN seeks the daily investment results of 300% of the performance of the Dow Jones U.S. Select Aerospace &amp; Defense Index.
Under the DFEN fund are leading defense contractors, such as RTX Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) and Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>). However, the ETF also includes companies that are tied to civilian aerospace infrastructure, particularly General Electric Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) — which conducts business under GE Aerospace — and Boeing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).
However, it should be noted that leveraged ETFs are incredibly risky. Further, investors should not hold a position for longer than one day. Otherwise, the daily compounding of volatility could lead to value erosion over time.
The DFEN Chart: Although DFEN predictably encountered significant choppiness, the overall picture has been bullish, with the fund gaining 34% on a year-to-date basis.
<ul>
<li>The defense-focused ETF saw a noticeable pop higher on Monday off the back of the aforementioned Iowa poll.</li>
<li>It's also interesting to note that DFEN began showing signs of life after President Joe Biden dropped out of the race, allowing Harris to shine.</li>
<li>Nevertheless, investors should watch the broadening wedge formation that has developed since July, which may have bearish implications.</li>
</ul>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfrKHJD6Fu8oL9or0F5h4uECVdYzZJk1qWF9WUBxWePDex7pku9b_M4gC-QtiKbh_ZpvORnkJQxGadiKg2UFam3BzVbMHlsXX5oNdKV2OWVn9eeqpjAk_3mvpKGJTHucoz1ikj-rxo6iUo7tuMFxEC_kZc?key=8eSb-ke5LINFd69vDC9NyN6A" alt="" /></figure>
Featured photo by <a href="https://pixabay.com/users/robertwaghorn-6315497/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=2974131">Robert Waghorn</a> on <a href="https://pixabay.com/es/photos/chorro-avi%C3%B3n-de-combate-2974131/">Pixabay</a>.
This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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