La catena delle opzioni mostra i dati chiave delle opzioni azionarie di MDJM a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per MDJM..

MDJM (NASDAQ:MDJH) Azioni, Catena delle Opzioni

MDJM Ltd is a real estate service company. The company provides real estate agency services to real estate developer clients, as well as real estate consulting services and independent training services on an as-needed basis. It offers consulting, marketing planning, advertising services, and sales strategies to real estate clients. The company income is derived from commission-based services and minimal consulting and other services. The company has two operating segments; the real estate agent services segment and the hospitality business segment. It derives a majority of its revenue from the People's Republic of China.

MDJM Ltd

Vertex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERX#NASDAQ">VERX</a>) reported better-than-expected third-quarter financial results and raised its <a href="https://www.benzinga.com/quote/VERX/earnings">FY24 revenue guidance on Wednesday.</a>
Vertex posted adjusted earnings of 16 cents per share, beating market estimates of 14 cents per share. The company's quarterly sales came in at $170.435 million versus expectations of $165.705 million.
&#8220;The third quarter of 2024 was another great quarter for Vertex&#8221;, stated David DeStefano, Vertex&#8217;s President, Chief Executive Officer and Chairperson of the Board. &#8220;Revenue was above the high end of our quarterly guidance, with mid-teens organic revenue growth. We were once again GAAP earnings positive with strong Adjusted EBITDA. And we delivered significant cash flow from operating activities as well as free cash flow, demonstrating our high-quality earnings.&#8221;
Vertex said it now sees FY24 revenue of $663.3 million to $666.3 million, versus previous forecast of $654 million to $660 million.
Vertex shares gained 3.4% to trade at $51.45 on Thursday.
These analysts made changes to their price targets on Vertex following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/602e465f5864de0001ada5b0/joshua-reilly">Needham analyst Joshua Reilly</a> maintained Vertex with a Buy and raised the price target from $45 to $60.</li>
<li>Goldman Sachs analyst Adam Hotchkiss maintained the stock with a Buy and raised the price target from $42 to $59.</li>
<li>Baird analyst Rob Oliver maintained the stock with an Outperform and boosted the price target from $43 to $57.</li>
</ul>
Considering buying VERX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="567" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07133355/image-82-1024x567.png" alt="" class="wp-image-636059" style="width:668px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07133355/image-82-1024x567.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07133355/image-82-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07133355/image-82-768x425.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07133355/image-82.png 1210w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41809435/how-to-earn-500-a-month-from-nvidia-stock-after-trump-win"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41809435/how-to-earn-500-a-month-from-nvidia-stock-after-trump-win">How To Earn $500 A Month From Nvidia Stock After Trump Win</a></li>
</ul>

Earnings

News

Price Target

Markets

Analyst Ratings

Trading Ideas

VERX

Vertex Analysts Increase Their Forecasts Following Strong Q3 Results

Financial giants have made a conspicuous bullish move on FedEx. Our analysis of options history for FedEx (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $101,550, and 5 were calls, valued at $180,412.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $230.0 and $370.0 for FedEx, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of FedEx stands at 616.57, with a total volume reaching 4,426.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in FedEx, situated within the strike price corridor from $230.0 to $370.0, throughout the last 30 days.
<h3>FedEx Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731004502_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</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>FDX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.92</td>
<td>$1.88</td>
<td>$1.87</td>
<td>$290.00</td>
<td>$57.2K</td>
<td>3.0K</td>
<td>4.3K</td>
</tr>
<tr>
<td>FDX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$89.0</td>
<td>$86.4</td>
<td>$87.0</td>
<td>$370.00</td>
<td>$43.5K</td>
<td>0</td>
<td>10</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$35.0</td>
<td>$32.65</td>
<td>$34.47</td>
<td>$250.00</td>
<td>$34.4K</td>
<td>137</td>
<td>12</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$61.5</td>
<td>$59.95</td>
<td>$61.5</td>
<td>$230.00</td>
<td>$30.7K</td>
<td>13</td>
<td>5</td>
</tr>
<tr>
<td>FDX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$9.7</td>
<td>$9.45</td>
<td>$9.7</td>
<td>$330.00</td>
<td>$29.1K</td>
<td>657</td>
<td>31</td>
</tr>
</tbody>
</table>

<h3>About FedEx</h3>
FedEx pioneered overnight delivery in 1973 and remains the world's largest express package provider. In its fiscal 2024, which ended in May, FedEx derived 47% of revenue from its express division, 37% from ground, and 10% from freight, its asset-based less-than-truckload shipping segment. The remainder came from other services, including FedEx Office, which provides document production/shipping, and FedEx Logistics, which provides global forwarding. FedEx acquired Dutch parcel delivery firm TNT Express in 2016, boosting its presence across Europe. TNT was previously the fourth-largest global parcel delivery provider.
In light of the recent options history for FedEx, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>FedEx's Current Market Status</h3>
<ul>
<li>With a volume of 537,641, the price of FDX is up 1.74% at $284.94. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 42 days.</li>
</ul>
<h3>Professional Analyst Ratings for FedEx</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $301.0.
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; In a cautious move, an analyst from Citigroup downgraded its rating to Buy, setting a price target of $301. 
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 FedEx options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

What the Options Market Tells Us About FedEx

Investors with a lot of money to spend have taken a bullish stance on Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</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 LYFT, 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 25 uncommon options trades for Lyft.
This isn't normal.
The overall sentiment of these big-money traders is split between 52% bullish and 48%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $347,011, and 19 are calls, for a total amount of $1,852,255.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $30.0 for Lyft, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Lyft stands at 3853.29, with a total volume reaching 39,771.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Lyft, situated within the strike price corridor from $10.0 to $30.0, throughout the last 30 days.
<h3>Lyft Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731004497_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>LYFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$2.86</td>
<td>$2.74</td>
<td>$2.86</td>
<td>$25.00</td>
<td>$572.0K</td>
<td>6.9K</td>
<td>2.4K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.6</td>
<td>$1.59</td>
<td>$1.6</td>
<td>$19.00</td>
<td>$184.3K</td>
<td>3.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.8</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$15.00</td>
<td>$170.8K</td>
<td>3.1K</td>
<td>1.0K</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$3.2</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$14.50</td>
<td>$150.6K</td>
<td>4.8K</td>
<td>541</td>
</tr>
<tr>
<td>LYFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$7.1</td>
<td>$7.0</td>
<td>$7.0</td>
<td>$12.00</td>
<td>$133.0K</td>
<td>465</td>
<td>206</td>
</tr>
</tbody>
</table>

<h3>About Lyft</h3>
Lyft is the second-largest ride-sharing service provider in the us and Canada, connecting riders and drivers over the Lyft app. Incorporated in 2013, Lyft offers a variety of rides via private vehicles, including traditional private rides, shared rides, and luxury ones. Besides ride-share, Lyft also has entered the bike- and scooter-share market to bring multimodal transportation options to users.
After a thorough review of the options trading surrounding Lyft, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Lyft's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 52,357,128, the LYFT's price is up by 23.37%, now at $17.77. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 96 days.</li>
</ul>
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>.
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 Lyft with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

LYFT

Market Whales and Their Recent Bets on LYFT Options

Deep-pocketed investors have adopted a bullish approach towards Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</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 PINS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Pinterest. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 25% bearish. Among these notable options, 2 are puts, totaling $50,843, and 6 are calls, amounting to $244,679.
<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 $32.0 to $36.0 for Pinterest over the last 3 months. 
<h3>Volume &amp; Open Interest Development</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 Pinterest'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 Pinterest's whale trades within a strike price range from $32.0 to $36.0 in the last 30 days. 
<h3>Pinterest 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731004492_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>PINS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/08/24</td>
<td>$1.6</td>
<td>$1.49</td>
<td>$1.6</td>
<td>$36.00</td>
<td>$80.0K</td>
<td>568</td>
<td>518</td>
</tr>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.23</td>
<td>$2.22</td>
<td>$2.22</td>
<td>$35.00</td>
<td>$37.2K</td>
<td>3.4K</td>
<td>737</td>
</tr>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$1.73</td>
<td>$1.72</td>
<td>$1.72</td>
<td>$35.50</td>
<td>$35.4K</td>
<td>3.1K</td>
<td>287</td>
</tr>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$2.1</td>
<td>$2.05</td>
<td>$2.1</td>
<td>$35.00</td>
<td>$35.2K</td>
<td>3.0K</td>
<td>1.4K</td>
</tr>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$1.57</td>
<td>$1.53</td>
<td>$1.57</td>
<td>$36.00</td>
<td>$31.4K</td>
<td>568</td>
<td>718</td>
</tr>
</tbody>
</table>

<h3>About Pinterest</h3>
Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from cooking recipes to travel destinations. Founded in 2010, the platform consists of a largely female audience, which accounts for roughly two thirds of its nearly 500 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features. About 20% of users reside in the US and Canada, but the region accounted for about 80% of revenue in 2023.
Following our analysis of the options activities associated with Pinterest, we pivot to a closer look at the company's own performance.
<h3>Where Is Pinterest Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 8,000,749, with PINS's price up by 1.35%, positioned at $34.22.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 0 days.</li>
</ul>
<h3>Professional Analyst Ratings for Pinterest</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $45.0.
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; An analyst from Keybanc persists with their Overweight rating on Pinterest, maintaining a target price of $45. 
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 Pinterest, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

PINS

Looking At Pinterest's Recent Unusual Options Activity

Canaccord Genuity analyst Brian McNamara maintains Traeger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOK#NYSE">COOK</a>) with a Buy and raises the price target from $6 to $7.

COOK

Canaccord Genuity Maintains Buy on Traeger, Raises Price Target to $7

CELU

Celularity Shares Resume Trade And Quickly Halted Up 260%

ZCAR

Zoomcar Holdings Shares Resume Trade

United States Cellular Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) has agreed with AT&amp;T Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) to sell a portion of its retained spectrum licenses for <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41803957/uscellular-announces-sale-of-select-spectrum-assets-to-at-t-for-1-018-billion" rel="noreferrer noopener">$1.018 billion</a>.
The transaction aligns with UScellular's strategy, announced in May 2024, to capitalize on its remaining spectrum assets, which are not included in the proposed sale to T-Mobile US Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>).
This sale follows <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41403665/us-cellular-sells-key-spectrum-licenses-to-verizon-in-1b-deal" rel="noreferrer noopener">agreements made in</a> October 2024 to sell other retained licenses to Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) and two additional mobile network operators.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41812585/datadog-beats-q3-estimates-margins-show-mixed-results" rel="noreferrer noopener">Datadog Beats Q3 Estimates, Margins Show Mixed Results</a>
Laurent C. Therivel, President and CEO of UScellular, emphasized the value generated through recent deals, noting that AT&amp;T's inclusion as a buyer expands the roster of networks set to benefit from UScellular's assets.
Therivel expressed confidence that AT&amp;T will utilize the acquired licenses to support communities across the U.S.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07120304/newplot-4.png" alt="" class="wp-image-635850" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07120304/newplot-4.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07120304/newplot-4-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
With this transaction and previous agreements, UScellular has established deals to monetize around 55% of its spectrum holdings (excluding mmWave) on an MHz-Pops basis.
These deals collectively amount to approximately $2.02 billion. Once the proposed T-Mobile transaction is finalized, UScellular will have agreements to monetize approximately 70% of its overall spectrum assets.
Therivel added that UScellular would retain 1.86 billion MHz-Pops of low- and mid-band spectrum and 17.2 billion MHz-Pops of mmWave spectrum. He highlighted the strategic value of UScellular's C-band licenses, which offer competitive mid-band frequencies, strong support in the 5G ecosystem, and extended build-out timelines through 2029 and 2033.
This flexibility allows UScellular to leverage or sell these assets in the future, with plans to explore further monetization options for the C-band and other remaining spectrum.
The agreement involves selling 1,250 million MHz-Pops of 3.45 GHz licenses and 331 million MHz-Pops of 700 MHz B/C block licenses to AT&amp;T for $1.018 billion, subject to potential adjustments outlined in the purchase agreement.
The transaction's completion hinges on closing the T-Mobile deal and obtaining regulatory approvals and customary closing conditions.
Some licenses to be transferred to AT&amp;T are partially owned by a third party. Their sale will depend on UScellular's purchase of remaining equity in the third party, which is pending regulatory approval. These licenses account for around 15% of the MHz-Pops covered in this sale.
TDS, which holds an 83% stake in UScellular, has formally approved the transaction with AT&amp;T.
AT&amp;T generated $10.24 billion in operating cash flow and $5.095 billion in free cash flow for the <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41485572/at-t-q3-earnings-strong-postpaid-phone-adds-adj-ebitda-growth-4-4b-impairment-charge-and-more" rel="noreferrer noopener">September 30, 2024 quarter</a>. T is down 0.94%.
Price Action: USM stock is up 0.20% at $65.28 at the last check on Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41812311/appian-projects-positive-adjusted-ebitda-boasts-strong-subscription-revenue-in-q3" target="_blank" rel="noreferrer noopener">Appian Projects Positive Adjusted EBITDA, Boasts Strong Subscription Revenue In Q3</a></li>
</ul>
Photo by Tdorante10 via Wikimedia Commons

TMUS

AT&T Buys $1 Billion in Spectrum Licenses from US Cellular to Boost Network Reach

JMP Securities analyst Steven Delaney maintains Starwood Prop Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STWD#NYSE">STWD</a>) with a Market Outperform and lowers the price target from $24 to $23.

STWD

JMP Securities Maintains Market Outperform on Starwood Prop Trust, Lowers Price Target to $23

Shares of Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) remained volatile in early trading on Thursday, after the company reported <a href="https://www.benzinga.com/news/earnings/24/11/41786182/qualcomm-q4-earnings-highlights-revenue-beat-eps-beat-new-15-billion-share-buyback-announced">upbeat fiscal fourth-quarter results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Cantor Fitzgerald <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6331beac10b15f0001b58380/c-j%20muse">analyst C.J. Muse</a> maintained a Neutral rating and price target of $160.</li>
<li>Rosenblatt Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59972d99803ad30001fc246d/kevin-cassidy">analyst Kevin Cassidy</a> maintained a Buy rating and price target of $250.</li>
<li>Piper Sandler <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58fe05b80bd9910001595370/harsh-kumar">analyst Harsh Kumar</a> maintained an Overweight</li>
<li>Benchmark <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e2ae9e3430dee0001c80e0c/cody-acree">analyst Cody Acree</a> reiterated a Buy rating and price target of $240.</li>
<li>KeyBanc Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/585beadcb5a482000151d188/john-vinh">analyst John Vinh</a> reaffirmed a Sector Weight rating on the stock.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Cantor Fitzgerald: Qualcomm reported better-than-feared quarterly results, amid soft Android handset trends and Apple Inc's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) declining build plans, Muse said in a note. The upside was driven by high exposure to premium phones in China and the company's diversification related to IOT and Automotive, he added.
While the company needs to derisk Apple's plans to bring the modem in-house, the two growing businesses — Automotive and IOT — represented only 25% of total revenues in the September quarter, the analyst stated. 
Although Qualcomm is "the undisputed leader" in smartphone connectivity, the market is slowing, and key customers in China will leave as part of the Made in China move, he further noted.
Rosenblatt Securities: Qualcomm reported revenues of $10.2 billion and non-GAAP earnings of $2.69 per share, beating consensus of $9.86 billion and $2.55 per share, respectively, Cassidy said. Full-year revenues grew by 9%, driven mainly by strength in automotive and IoT revenues, he added.
Management's guidance for the December quarter also came in higher than estimates, mainly driven by new flagship Android smartphone launches by Chinese companies, the analyst stated. "Management noted there has been broad support for GenAI in device development with industry players like Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)," he further wrote.
Piper Sandler: Qualcomm delivered a beat in the latest quarter, with upside being driven by strong trends in the handset business, where the company "appears to be benefiting from both content as well as slight upticks in units relative to the internal expectations," Kumar said.
While IoT and Automotive grew during the quarter, the company's December quarter guidance points to "some moderation," the analyst stated. "We believe that the path to a differentiated revenue stream and away from a handset centric business appears to be very much on track for QCOM," he further wrote.
Benchmark: Qualcomm's quarterly revenues grew 18% year-over-year and came in about $240 million higher than consensus, Acree said. The company's earnings of $2.69 per share came in 13 cents per share ahead of the consensus, he added.
For the fiscal first quarter, management guided to a revenue range of $10.5-$11.3 billion, with the midpoint $300 million higher than Street expectations, the analyst stated. "Regarding its overall handset market, Qualcomm modestly increased its forecast for global 2024 3G/4G/5G handset units, now expecting market volumes to increase annually at a low-to-mid single digit percentage pace, somewhat better than its prior outlook for global units to be flat-to-slightly up for the year," he further wrote.
KeyBanc Capital Markets: Qualcomm's quarterly results were driven by Auto and IoT, Vinh said. Management did not comment on Apple's internal modem but reiterated their expectations for a 20% share of iPhone in 2026, he added.
"F1Q handset outlook highlighted strong rev growth with Chinese OEMs, while the demand in premium segment was normalizing and expanding," the analyst wrote. He expressed concern, however, around headwinds from Apple's internal modem and "the lack of compelling edge AI catalysts."
Price Action: Shares of Qualcommhad risen by 0.22% to $173.37 at the time of publication on Thursday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41780976/chip-stocks-like-nvidia-broadcom-taiwan-semi-gain-after-trump-win-whats-going-on">Chip Stocks Like Nvidia, Broadcom, Taiwan Semi Gain After Trump Win &#8211; What&#8217;s Going On?</a></li>
</ul>
Image: Shutterstock

Analyst Color

Earnings Beats

Reiteration

AAPL

AMZN

QCOM

Qualcomm Reports Q4 Beat, Analysts Divided Over Prospects Of The Handset Market

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-07_08h30_03.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Bonds Fall On Trump Win</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-fed-interest-rate-bonds-support-zone-tlt-mc-11072024">click here</a> for an enlarged chart of iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>).
Note the following:
<ul>
<li>After Trump's win, bonds are front and center.</li>
<li>The chart shows when the contrary Arora call was made that bonds would fall.&nbsp; That call was made at a time when everyone was predicting that bonds would rise.&nbsp;</li>
<li>The chart shows when the Arora call was made about the election.&nbsp; We wrote in the <a href="https://blog.thearorareport.com/rising-yields-100824/">Morning Capsule on October 8</a>, "In the event of a one party sweep, TLT can potentially fall to the bottom support zone."</li>
<li>The chart shows that the second Arora call on bonds has proven accurate after Trump's win.</li>
<li>The chart shows when Trump won the election.</li>
<li>The chart shows that on Trump's win, TLT gapped down and opened close to the top and of the bottom support zone.&nbsp; Yesterday's bar does not show premarket data.&nbsp; In the premarket, TLT touched the top band of the support zone.&nbsp; On The Arora Report charts, premarket data is included on the current day, but not on the previous days.&nbsp; This methodology provides the most clarity.</li>
<li>The FOMC will announce its rate decision at 2pm ET, followed by Powell's press conference at 2:30pm ET.</li>
<li>The consensus is that the Fed will cut rates by 25 bps.</li>
<li>In The Arora Report analysis, the Fed could not possibly be happy about the large drop in bonds after the last rate cut.&nbsp; We will be paying careful attention to what Powell says about the drop in bonds in his press conference.&nbsp; If Powell says anything about this subject, it will be the most important new information that can be gleaned today.&nbsp;&nbsp;</li>
<li>Most institutional investors and many retail investors have suffered massive losses in bonds. &nbsp;It is important to remember that the largest amount of money is still managed using the 60/40 portfolio as a starting point.&nbsp; This means 60% in stocks and 40% in bonds.&nbsp; The Arora Report has long shown that following the protection band is heads and shoulders above following the 60/40 portfolio.&nbsp; Nonetheless, the dogma of 60/40 remains popular.&nbsp; This is the reason we publish information on 60/40 portfolios.&nbsp; For those following the 60/40 portfolio, The Arora Report call has been to limit the duration to less than five years.&nbsp; The Arora Report call on duration has been consistent at a time when a vast majority of money managers were significantly increasing duration. The longer the bond duration, the larger the losses investors have suffered.</li>
<li>In The Arora Report analysis, after Trump's election the Fed is faced with two important issues:
<ul>
<li>In The Arora Report analysis, depending upon how Trump implements his tariff plan, it may add 0.5% &#8211; 1% to inflation.&nbsp;&nbsp;</li>
<li>According to the nonpartisan Committee for a Responsible Federal Budget, Trump's tax plans will increase the national deficit by $7.8T over the next 10 years.&nbsp; All of this deficit will have to be financed by borrowing.&nbsp; This will increase the supply of Treasuries.&nbsp; A higher supply of Treasuries will lead to higher interest rates on the long end, unless the Fed decides to manipulate it with quantitative easing or some other artificial method.</li>
</ul>
</li>
<li>At a time when the stock market is at an all time high and bonds are suffering major losses, there is not good news on the economic data front.&nbsp;&nbsp;
<ul>
<li>Unit labor costs are spiking.&nbsp; Q3 Unite Labor Costs &#8211; Preliminary came at 1.9% vs. 0.5% consensus.</li>
<li>As of this writing, the momo crowd is oblivious.  However, expect smart money to pay attention to this important, highly inflationary data. Also expect the Fed to pay attention to this data.</li>
</ul>
</li>
<li>Initial jobless claims came at 221K vs. 222K consensus.&nbsp; This indicates that the employment picture remains strong, especially at the low end.</li>
<li>In The Arora Report analysis, there is another important question that the Fed will have to face.  Trump plans to deport undocumented immigrants.  According to the Department of Homeland Security, there are about 11M undocumented immigrants in the U.S. What happens to labor supply at the low end if 11M workers are taken out of the workforce?  What does it do to inflation?  What does it do to economic growth, and in turn the stock and bond markets? </li>
</ul>
<h3 class="wp-block-heading">England</h3>
The Bank of England has cut interest rates.&nbsp; The key interest has been reduced to 4.75% from 5%.
This is the first cut by a major central bank after Trump's election. &nbsp; Investors should keep an eye on how the European Central Bank and the Bank of Japan act after Trump's election.&nbsp; Remember, the U.S. economy is intertwined with the global economy.&nbsp;&nbsp;
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
In the early trade, money flows are negative in Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

Economics

General

$BTC

GOOG

MSFT

NVDA

iShares Trust Barclays 20+ Year Treasury Bond Fund

TSLA

Bonds And Fed Front And Center As Bonds Approach Bottom Support Zone After Trump Win

Looking into the current session, American Intl Gr Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) shares are trading at $76.52, after a 0.65% decrease. Over the past month, the stock decreased by 0.05%, but over the past year, it actually spiked by 19.85%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2024/1731004212_0.png" alt="Past Year Chart" />

<h3>American Intl Gr P/E Compared to Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of the 18.35 in the Insurance industry, American Intl Gr Inc. has a lower P/E ratio of 14.67. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1731004212_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

A Look Into American Intl Gr Inc's Price Over Earnings

BMO Capital analyst Daniel Jester maintains Paycor HCM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYCR#NASDAQ">PYCR</a>) with a Market Perform and raises the price target from $15 to $19.

PYCR

BMO Capital Maintains Market Perform on Paycor HCM, Raises Price Target to $19

Zoomcar Holdings Shares Halted To The Upside; Stock Now Up 29.93%

BMO Capital analyst Kelly Bania maintains Performance Food Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) with a Outperform and raises the price target from $87 to $95.

PFGC

BMO Capital Maintains Outperform on Performance Food Gr, Raises Price Target to $95

JMP Securities analyst David Turkaly maintains Lantheus Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNTH#NASDAQ">LNTH</a>) with a Market Outperform and lowers the price target from $125 to $112.

LNTH

JMP Securities Maintains Market Outperform on Lantheus Holdings, Lowers Price Target to $112

A contest announced by Elon Musk to giveaway $1 million per day to voters in swing states ahead of the 2024 election has drawn pushback and a <a href="https://www.benzinga.com/news/24/11/41701218/musk-can-continue-daily-million-dollar-giveaways-while-judge-mulls-legal-challenge">lawsuit in Pennsylvania.</a>
Another lawsuit is coming with a Michigan voter filing a lawsuit related to the lack of randomness in picking contest winners.
What Happened: A lawyer for Musk argued that the $1 million giveaways were not illegal as the winners were not picked at random. That very argument could end up hurting Musk with a new lawsuit recently filed.
Michigan resident Robert Alvarez filed a federal lawsuit against Musk and his America Super PAC on Tuesday, as <a href="https://www.fox17online.com/news/local-news/grand-rapids/kent-county-voter-files-lawsuit-over-elon-musk-million-dollar-giveaway">reported </a>by Fox17.
The lawsuit centered on Musk and the Super PAC allegedly being dishonest about selecting winners. Alvarez said he was misled by deceptive marketing and the giveaway promise was never completed as promised.
To be <a href="https://www.benzinga.com/news/24/10/41417390/elon-musks-pro-trump-super-pac-to-give-1m-every-day-to-people-in-swing-states-for-signing-his-petiti">eligible for the contest,</a> voters had to sign an online petition supporting the First and Second Amendments and live in one of seven swing states, which included Michigan.
"This petition was marketed and promoted as an opportunity for any individual who signed the petition to be awarded $1 million dollars if they were ‘randomly' selected," the lawsuit says.
Alvarez was one of many Michigan voters who signed the online petition, with the lawsuit saying he signed on Oct. 29 and did not win any of the prizes.
"Alvarez believed that though the odds may not have been favorable, there was still a chance that he could be randomly selected to win the $1 million award offered by Musk and his PAC."
Alvarez was later made aware from news reports that Musk's lawyers fighting a lawsuit in Pennsylvania said the winners were not randomly selected, but rather predetermined.
Musk's lawyer Chris Gober told Judge Angelo Foglietta that the winners <a href="https://www.benzinga.com/news/24/11/41734021/elon-musks-1m-a-day-voter-sweeepstakes-gets-green-light-to-run-through-election-day-lawyer-reveals-r">were not random</a> and were "paid spokespeople."
"The $1 million recipients are not chosen by chance. We know exactly who will be announced as the $1 million recipient today and tomorrow," Gober said in court.
The lawsuit claims the majority of people who won the giveaway were registered Republicans or people who have publicly supported the party.
Alvarez is seeking unspecified damages in the lawsuit according to the report.
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110724">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: In mid-October, Musk announced that he would give away $1 million daily to voters in the seven swing states who signed the online petition.
"We're going to be awarding $1 million randomly to people who have signed the petition every day from now until the election," Musk said.
Four people in Michigan were awarded $1 million payouts as part of the giveaways, according to the report.
Law professor Michael McDaniel told Fox17 the giveaway could violate federal law.
"I think it was an attempt, under federal law, an unlawful attempt, to seek to register Republican voters, or voters that will be so supportive of Trump," McDaniel said.
McDaniel said the civil lawsuit could be difficult to win, and the Department of Justice may have to target the giveaway to declare it unlawful.
"I do think that this is a federal crime, but whether or not there's a civil action under state law for this is a little bit of a stretch." &nbsp;
The professor said it'll be tough for Alvarez to prove damages due to the giveaway being like "participating in a game of chance."
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/11/41763360/elon-musk-is-already-eyeing-2026-midterms-plans-to-expand-pro-trump-pac-beyond-current-election-ther">Elon Musk Is Already Eyeing 2026 Midterms, Plans To Expand Pro-Trump PAC Beyond Current Election: &#8216;There&#8217;s A Sea Change In The Country&#8217;</a></li>
</ul>
Photo: RomanR via Shutterstock

Politics

Legal

Elon Musk's $1 Million Swing State Giveaway Faces Lawsuit From Michigan Voter: Expert Says 'Federal Crime,' But Tough To Prove

BMO Capital analyst Daniel Jester maintains Vertex (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERX#NASDAQ">VERX</a>) with a Market Perform and raises the price target from $42 to $52.

BMO Capital Maintains Market Perform on Vertex, Raises Price Target to $52

JMP Securities analyst Chris Muller maintains Greystone Housing Impact (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GHI#NYSE">GHI</a>) with a Market Outperform and lowers the price target from $19 to $17.5.

JMP Securities Maintains Market Outperform on Greystone Housing Impact, Lowers Price Target to $17.5

WIIM

Western Midstream Partners shares are trading lower after the company reported worse-than-expected Q3 financial results.

Altisource Portfolio Solutions S.A. - Common Stock

Altisource Portfolio

KE Holdings Inc American Depositary Shares (each representing three Class A Ordinary Shares)

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