La catena delle opzioni mostra i dati chiave delle opzioni azionarie di Milestone Pharmaceuticals 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 Milestone Pharmaceuticals..

Milestone Pharmaceuticals (NASDAQ:MIST) Azioni, Catena delle Opzioni

Milestone Pharmaceuticals

Milestone Pharmaceuticals Inc is a biopharmaceutical company dedicated to developing and commercializing etripamil for the treatment of cardiovascular indications. Etripamil is a calcium channel blocker developed as a rapid-onset nasal spray to be administered by the patient to terminate episodes of paroxysmal supraventricular tachycardia, or PSVT. The company has an ongoing Phase 2 clinical trial for patients with atrial fibrillation experiencing a rapid ventricular rate (AFib-RVR).

Milestone Pharmaceuticals Inc. - Common Shares

Milestone Pharmaceuticals Inc

Mist

MISTRAS Group Inc

Mister Car Wash Inc

Mistico Acquisition Corp

Craig-Hallum analyst Richard Shannon maintains Aeva Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEVA#NYSE">AEVA</a>) with a Buy and raises the price target from $5 to $6.

News

Price Target

Analyst Ratings

AEVA

Craig-Hallum Maintains Buy on Aeva Technologies, Raises Price Target to $6

Investors with a lot of money to spend have taken a bearish stance on TransDigm Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>).
And retail traders should know.
We noticed this today when the positions 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 TDG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 8 options trades for TransDigm Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 12% bullish and 87%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $29,000, and 7, calls, for a total amount of $454,800.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $790.0 to $1355.0 for TransDigm Gr over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for TransDigm Gr options trades today is 1.5 with a total volume of 249.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for TransDigm Gr's big money trades within a strike price range of $790.0 to $1355.0 over the last 30 days.
<h3>TransDigm Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731005786_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TDG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$71.0</td>
<td>$69.3</td>
<td>$71.0</td>
<td>$1355.00</td>
<td>$177.5K</td>
<td align="right">1</td>
<td align="right">60</td>
</tr>
<tr>
<td>TDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$99.0</td>
<td>$98.0</td>
<td>$98.0</td>
<td>$1315.00</td>
<td>$98.0K</td>
<td align="right">2</td>
<td align="right">0</td>
</tr>
<tr>
<td>TDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$554.8</td>
<td>$545.0</td>
<td>$545.0</td>
<td>$790.00</td>
<td>$54.5K</td>
<td align="right">1</td>
<td align="right">1</td>
</tr>
<tr>
<td>TDG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$67.4</td>
<td>$62.0</td>
<td>$64.0</td>
<td>$1355.00</td>
<td>$32.0K</td>
<td align="right">1</td>
<td align="right">28</td>
</tr>
<tr>
<td>TDG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$66.0</td>
<td>$60.0</td>
<td>$62.0</td>
<td>$1355.00</td>
<td>$31.0K</td>
<td align="right">1</td>
<td align="right">65</td>
</tr>
</tbody>
</table>

<h3>About TransDigm Gr</h3>
TransDigm manufactures and services a diverse set of specialized parts for commercial and military aircraft. The firm organizes itself in three segments: power and control, airframes, and a small non-aviation segment, which serves mostly off-road vehicles and mining equipment. It operates as an acquisitive holding company that focuses its portfolio on firms that make proprietary aerospace products with substantial aftermarket demand. TransDigm regularly employs financial leverage to amplify its operating results.
Following our analysis of the options activities associated with TransDigm Gr, we pivot to a closer look at the company's own performance.
<h3>Current Position of TransDigm Gr</h3>
<ul>
<li>Currently trading with a volume of 289,108, the TDG's price is down by -3.9%, now at $1328.7. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 0 days.</li>
</ul>
<h3>What The Experts Say On TransDigm Gr</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $1539.3333333333333.
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 JP Morgan persists with their Neutral rating on TransDigm Gr, maintaining a target price of $1555. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on TransDigm Gr with a target price of $1563. 
&#x2A; An analyst from Keybanc has decided to maintain their Overweight rating on TransDigm Gr, which currently sits at a price target of $1500. 
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 TransDigm Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Market Whales and Their Recent Bets on TDG Options

Whales with a lot of money to spend have taken a noticeably bearish stance on Bank of America.
Looking at options history for Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) we detected 31 trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $219,025 and 27, calls, for a total amount of $2,141,226.
<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 $65.0 for Bank of America over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Bank of America options trades today is 8547.44 with a total volume of 33,818.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Bank of America's big money trades within a strike price range of $32.0 to $65.0 over the last 30 days.
<h3>Bank of America 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731005781_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>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$13.4</td>
<td>$13.35</td>
<td>$13.35</td>
<td>$32.00</td>
<td>$213.6K</td>
<td>21.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.35</td>
<td>$13.35</td>
<td>$13.35</td>
<td>$32.00</td>
<td>$200.2K</td>
<td>21.8K</td>
<td>419</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$13.35</td>
<td>$13.35</td>
<td>$13.35</td>
<td>$32.00</td>
<td>$192.2K</td>
<td>21.8K</td>
<td>0</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.9</td>
<td>$3.8</td>
<td>$3.84</td>
<td>$42.00</td>
<td>$192.0K</td>
<td>28.7K</td>
<td>537</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$13.4</td>
<td>$13.35</td>
<td>$13.35</td>
<td>$32.00</td>
<td>$160.2K</td>
<td>21.8K</td>
<td>269</td>
</tr>
</tbody>
</table>

<h3>About Bank of America</h3>
Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.
Having examined the options trading patterns of Bank of America, 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 Bank of America</h3>
<ul>
<li>Trading volume stands at 23,385,314, with BAC's price down by -1.04%, positioned at $44.94.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 70 days.</li>
</ul>
<h3>Expert Opinions on Bank of America</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $48.6.
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 Oppenheimer keeps a Outperform rating on Bank of America with a target price of $56. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Bank of America with a target price of $48. 
&#x2A; Showing optimism, an analyst from Phillip Securities upgrades its rating to Accumulate with a revised price target of $44. 
&#x2A; An analyst from Keefe, Bruyette &amp; Woods has decided to maintain their Outperform rating on Bank of America, which currently sits at a price target of $50. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Bank of America, which currently sits at a price target of $45. 
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 Bank of America with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In BAC Options

Barrington Research analyst Vincent Colicchio maintains Barrett Bus Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBSI#NASDAQ">BBSI</a>) with a Outperform and raises the price target from $41 to $45.

BBSI

Barrington Research Maintains Outperform on Barrett Bus Servs, Raises Price Target to $45

Investors with a lot of money to spend have taken a bearish stance on Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</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 GS, 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 30 uncommon options trades for Goldman Sachs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 43%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $335,997, and 22 are calls, for a total amount of $1,726,808.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $200.0 to $700.0 for Goldman Sachs Gr over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Goldman Sachs Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Goldman Sachs Gr's significant trades, within a strike price range of $200.0 to $700.0, over the past month.
<h3>Goldman Sachs Gr Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731005776_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$25.1</td>
<td>$24.7</td>
<td>$24.8</td>
<td>$600.00</td>
<td>$744.0K</td>
<td>1.3K</td>
<td align="right">359</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$113.5</td>
<td>$111.95</td>
<td>$112.3</td>
<td>$480.00</td>
<td>$112.3K</td>
<td>898</td>
<td align="right">10</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$71.8</td>
<td>$70.4</td>
<td>$70.4</td>
<td>$560.00</td>
<td>$70.4K</td>
<td>518</td>
<td align="right">10</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$17.85</td>
<td>$17.7</td>
<td>$17.7</td>
<td>$540.00</td>
<td>$65.4K</td>
<td>15</td>
<td align="right">43</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$77.9</td>
<td>$77.5</td>
<td>$77.5</td>
<td>$520.00</td>
<td>$62.0K</td>
<td>602</td>
<td align="right">8</td>
</tr>
</tbody>
</table>

<h3>About Goldman Sachs Gr</h3>
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
Having examined the options trading patterns of Goldman Sachs Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Goldman Sachs Gr's Current Market Status</h3>
<ul>
<li>With a volume of 1,846,089, the price of GS is down -2.1% at $583.49. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 69 days.</li>
</ul>
<h3>What Analysts Are Saying About Goldman Sachs Gr</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $574.4.
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 JP Morgan has decided to maintain their Overweight rating on Goldman Sachs Gr, which currently sits at a price target of $520. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $588. 
&#x2A; Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $614. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Goldman Sachs Gr, targeting a price of $575. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $575. 
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 Goldman Sachs Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In Goldman Sachs Gr Options

Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) will soon implement new restrictions to protect young users from certain types of content and interactions.
Starting December 3, game creators must indicate if their games suit users under 13. Games lacking this classification will be automatically restricted for players aged 12 and younger.
Additionally, as of November 18, preteen users will no longer have access to certain social areas known as &#8220;social hangouts,&#8221; which allow real-time text and voice chat between players, BBC <a target="_blank" href="https://www.bbc.com/news/articles/cwy9kry4lvko" rel="noreferrer noopener">reports</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41812311/appian-projects-positive-adjusted-ebitda-boasts-strong-subscription-revenue-in-q3" rel="noreferrer noopener">Appian Projects Positive Adjusted EBITDA, Boasts Strong Subscription Revenue In Q3</a>
Roblox will prohibit children under 13 from accessing games with &#8220;free-form 2D user creation&#8221; on November 18 to further safeguard younger users.
This feature includes tools like virtual chalkboards or whiteboards, where players can draw or write without prior moderation. The company hopes that restricting this feature will help reduce the risk of offensive messages or images appearing unfiltered on the platform.
Content creators who want to make their experiences accessible to younger users must meet specific age-appropriate requirements, complete a detailed questionnaire, and ensure compliance with Roblox&#8217;s guidelines.
Roblox has faced significant scrutiny over child safety. Earlier this year, an Ofcom report highlighted Roblox as the most popular game among UK children aged 8 to 12.
However, the platform has also received complaints regarding potential risks to younger players, including reports of inappropriate interactions. Turkey, for instance, blocked Roblox in August over similar concerns.
In October, the company introduced new parental controls, including a more manageable account type for parents to oversee their children&#8217;s activities.
Juliet Chaitin-Lefcourt, a Roblox spokesperson, told <a target="_blank" href="https://www.theverge.com/2024/11/6/24289837/roblox-banning-preteens-social-hangout-spaces" rel="noreferrer noopener">the</a> Verge that the company shipped over 30 improvements this year, with more to come. Chaitin-Lefcourt added that transparency with the developer community remains a priority as the company rolls out these updates.
The full enforcement of these new safety standards will continue into the following year as Roblox introduces stricter age-based access and a rating system to protect younger users.
Roblox reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41654520/roblox-q3-earnings-bookings-jump-34-user-base-hits-89-million-raises-annual-outlook" rel="noreferrer noopener">fiscal third-quarter 2024</a> bookings growth of 34% to $1.13 billion. The Average Daily Active Users (DAUs) were 88.9 million, up 27%. The Hours Engaged were 20.7 billion, up 29%.
In October, Roblox faced&nbsp;two bearish reports&nbsp;from&nbsp;Bear Cave and&nbsp;Hindenberg for allegedly inflating key user metrics, including daily active users (DAUs) and engagement hours.
Price Action: RBLX stock is up 0.88% at $53.37 at&nbsp;the last check on Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41812585/datadog-beats-q3-estimates-margins-show-mixed-results" target="_blank" rel="noreferrer noopener">Datadog Beats Q3 Estimates, Margins Show Mixed Results</a></li>
</ul>
Photo via Shutterstock

Tech

Media

RBLX

Roblox Tightens Safety, Bans Preteens from Virtual Social Spaces

<h3 class="wp-block-heading">USDJPY Analysis</h3>
Beginning with the&nbsp;USDJPY, the pair is now approaching the July peak at 155.21 after breaking above a resistance level at 153.87. If the bullish momentum persists, we may see patterns emerge that could limit upward movement. Around the 161.8% Fibonacci extension, shortly above July's highs, at 155.55, a bearish crab pattern could emerge, which might lead to a correction toward the .382% retracement at 149.47. Still, a crucial question is whether this DXY strength will last or if it is only a temporary response to the elections.
Should this momentum endure, and we may observe the&nbsp;USDJPY&nbsp;challenge previous highs around to the monthly fractal resistance forged at 161.95. In this scenario, the bearish crab pattern would change to a bearish shark pattern as it moves into the 224% Fibonacci extension, which is oddly in line with the price of 161.68 and just below the major fractal resistance level. Looking at other Japanese peers, the question remains: "Will an eventual dollar appreciation in the current environment favor the decline of the Japanese yen in general?"
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10-1024x568.png" alt="" class="wp-image-3054" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115310/USDJPY_2024-11-06_20-40-10.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">AUDJPY and EURJPY Movements</h3>
Let's look at the pair AUDJPY. For nearly a month, the pair has been negotiating a 260-pip range between support at 99.07 and resistance at 101.69. In response to the American elections, the pair was forced to depart the weekly fractal resistance that was acting as support at 99.86 and test the upper limit of this range and daily fractal resistance at 101.69. The break over this resistance  can open the door to an interesting upward movement, or it can even force the par to challenge the previous highs established at 109.37. As this scenario emerges, we should also be aware of the formation of patterns, such as a bearish bat pattern at 107.17.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31-1024x568.png" alt="" class="wp-image-3055" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115350/AUDJPY_2024-11-06_20-40-31.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The&nbsp;EURJPY&nbsp;pair is under pressure due to the direct relationship between the DXY and the EUR/USD, and has had a neutral reaction to the American elections, only slightly dropping following the establishment of the fractal resistance at 166.69. The intraday support around 164.94 limits downward movement, raising the question of whether the Yen's weakening against the dollar can induce upward movement in this and other yen pairs, causing it to move higher and eventually force the restest to the previous highs of July 11 and monthly fractal resistance at 175.42. Similar to the previous pairs, we should be aware of the formation of "reversal" patterns, which in this case are projected at 171,03, indicating a 3.8% upward movement towards the.886% Fibonacci retracement level.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43-1024x568.png" alt="" class="wp-image-3056" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115425/EURJPY_2024-11-06_20-40-43.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">GBPJPY and NZDJPY Trends</h3>
The&nbsp;GBPJPY&nbsp;chart shows a fairly linear and objective price structure. The weekly fractal resistance was broken at 195.97, resulting in the formation of a new resistance at 199.80, but it was also retested, and rejected, with the formation of a new fractal support at 195.38. If the fractal resistance is confirmed to be broken, the opportunity to retest the previous highs of July 11th becomes viable. Similar to the EUR/JPY pair, the Pound may form a bearish bat pattern projected at 204.84 at the .886 Fibonacci retracement level, and this implies a 2.5% increase over the most recent resistance now under pressure.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00-1024x568.png" alt="" class="wp-image-3057" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115512/GBPJPY_2024-11-06_20-41-00.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The&nbsp;NZDJPY&nbsp;pair may also be affected in the same way. If the break in the range that has remained for 36 days between resistance formed at 92.29 and support formed at 90.05 is confirmed, we can anticipate an attempt to test the July highs at 99.00. The same bearish bat pattern is projected to surge at the.886% Fibonacci retracement level of 97.18, indicating a 5.3% increase above the fractal resistance.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10-1024x568.png" alt="" class="wp-image-3058" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115540/NZDJPY_2024-11-06_20-41-10.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">CADJPY Outlook</h3>
Finally, and not to be overlooked,&nbsp;CADJPY&nbsp;is now testing resistance as I write. The range between resistance at 110.72 and support at 108.96 is under threat of a breakout to the upside. If this occurs, we may anticipate a more substantial recovery attempt for the pair. However, much like my projection for&nbsp;USDJPY, we could also foresee the formation of a bearish deep crab pattern around 112.96—just above the late-July highs of 112.09. However, the possibility of retesting previous highs remains open for this pair as well. In this scenario, we'll also be monitoring for the potential formation of a bearish bat pattern, which is projected to emerge around 116.90.
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="568" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21-1024x568.png" alt="" class="wp-image-3059" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21-1024x568.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21-300x167.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21-768x426.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/11/07115614/CADJPY_2024-11-06_20-41-21.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Conclusion</h3>
As market dynamics evolve post-election, vigilance towards emerging patterns and resistance levels is critical. Explore comprehensive analyses of U.S. elections' impacts on forex markets, gaining strategic insights to optimize trading decisions in volatile times.

Andre Cardoso
Forex Analytix

Forex

Trading Ideas

General

Impact Of U.S. Elections On Forex Markets: Analyzing Dollar Surge And JPY Pairs

Canaccord Genuity analyst Robert Young maintains CGI INC (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GIB#TSX">GIB</a>) with a Buy and raises the price target from C$170 to C$175.

TSX:GIB

TSX:GIB.A

Canaccord Genuity Maintains Buy on CGI INC, Raises Price Target to C$175

Upwork Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) reported better-than-expected third-quarter results <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6228915026d7930001218ee4/matt-farrell">after Wednesday&#8217;s closing bell.</a>
Upwork reported quarterly earnings of 29 cents per share, which beat the analyst consensus estimate of 26 cents. Quarterly revenue came in at $193.8 million, which beat the analyst consensus estimate of $185.85 million and is an increase over sales of $175.73 million from the same period last year.
The company also announced a $100 million share repurchase program.
"Upwork continues to seize the tremendous market opportunity and execute our strategy to deliver durable, profitable growth, with 10% year-over-year revenue growth and our highest-ever net income in the third quarter," said Hayden Brown, president and CEO of Upwork.
Upwork sees fourth-quarter revenue of between $178 million and $183 million and adjusted earnings of between 24 cents and 28 cents per share.
Upwork shares gained 11.9% to trade at $16.32 on Thursday.
These analysts made changes to their price targets on Upwork following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6228915026d7930001218ee4/matt-farrell">Piper Sandler analyst Matt Farrell</a> reiterated Upwork with an Overweight and raised the price target from $13 to $18.</li>
<li>Roth MKM analyst Rohit Kulkarni maintained the stock with a Buy and raised the price target from $13 to $20.</li>
<li>Goldman Sachs analyst Eric Sheridan maintained Upwork with a Buy and boosted the price target from $21 to $24.</li>
<li>JMP Securities analyst Andrew Boone maintained Upwork with a Market Outperform and increased the price target from $14 to $18.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5b477e5548de5a00016075ae/maria-ripps">Canaccord Genuity analyst Maria Ripps</a> maintained a Buy rating and boosted the price target from $15 to $18.</li>
</ul>
Considering buying UPWK stock? Here&#8217;s what analysts think:

<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="475" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84-1024x475.png" alt="" class="wp-image-636107" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84-1024x475.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84-768x356.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/07134908/image-84.png 1268w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<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

UPWK

These Analysts Raise Their Forecasts On Upwork Following Strong Earnings

WIIM

VLCN

Volcon shares are trading lower after the company announced a 1-for--18 reverse stock split.

A Trump presidency<a href="https://europeancapitalinsights.substack.com/p/europe-frets-about-recession-after?r=3nmatg"> has raised concern in Europe that a new round</a> of tariffs under his <a href="https://www.euronews.com/business/2024/11/04/how-much-could-trumps-tariffs-damage-europes-economy">administration will cause a economic recession</a> in Europe.
A trade war during Trump's four-year term would also increase the probability of the European Central Bank (ECB) cutting rates faster to spur growth. Analysts issued pessimistic outlooks for European economic growth after Trump won the election.
On election day, the US dollar rallied sharply, sending the euro to a four-month low and boosting Bitcoin by 10% to a record high. 
European stocks exposed to the US have already shown their vulnerability. A Barclays basket of 28 <a href="https://markets.businessinsider.com/news/stocks/europe-trump-win-outlook-trade-war-tariff-crypto-djt-election-2024-10">European stocks sensitive to US tariffs</a> has underperformed the broader STOXX600 index by 15% this year.
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXct8vnUjY-sPthKAo54TyYzmMYbFqSL4UEAYKQ92gAtCRQgUelVyEGMtqrSv5-U9J6NvK7t574p40MtP_A5qNqhIcmcpalKh6Mo9wsCHR4vajc8gXwstW6pEO71UptWP9JJCG9DNX2_i2uFfEmKYzcnqF5rE03Y8J96wUCGAoSoj95B14a5yVE?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
European stocks vulnerable to Trump tariffs, Source: Barclays Equity Research&nbsp;
&#8220;Tariff concerns have been a drag on EU equities&#8217; relative performance year-to-date,&#8221; Barclays analysts led by Emmanuel Cau wrote in a note on October 23. A basket of European stocks at risk of Trump tariffs declined compared to those geared toward Democrat policies.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfLgvwadHYOazAM9Zi-a21uG9w7SBpC9fl_QTuUaoa3Zmta_kqPhfkbiEU1xgFnSvUYlS6ptCm16qeL0eKpnr4tl4Pj77Qz28PN6Gn4NPCI-aS736Rq-lP9TRf94MPI5aXAeKN_myLiVpshQNhbRPYpEacxegs_pBRx9iSN?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
European stocks sensitive to Trump fall, Source: <a href="https://www.bloomberg.com/news/articles/2024-11-06/european-stock-futures-drop-over-tariff-worries-as-trump-leads?srnd=phx-fixed-income">Bloomberg</a>
<h3 class="wp-block-heading">Trump Presidency Could Impact Europe's GDP</h3>
The European Union (EU) will need to confront the reality of a much different relationship with its largest trading partner from January 20. Previous <a href="https://www.euronews.com/my-europe/2024/10/24/would-donald-trumps-trade-tariffs-hurt-europe">tariffs on 6.4 billion in EU steel and aluminum</a>, alongside threats on automotive imports, have shown how US protectionism can reverberate through European economies.&nbsp;
Trump&#8217;s potential trade policies in 2025, including a proposed 10% to 20% <a href="https://www.ft.com/content/c0f1d1b9-8348-4b7d-8ab7-186fcf2ebbd1">tariff on European goods</a>, pose a substantial threat to European growth. Following Trump&#8217;s win, Goldman Sachs <a href="https://www.ft.com/content/783a573c-7ff3-461c-86f5-f194a89e3926">downgraded Europe's growth</a> for 2025 from 1.1% to 0.8%, citing limited European auto exports.
The German economic institute IW believes the <a href="https://www.reuters.com/markets/europe/trump-presidency-could-deal-heavy-blow-germanys-flagging-economy-2024-10-24/">Eurozone&#8217;s GDP could decline by 1.5%</a> in 2027 and 2028. Goldman Sachs expects a 1% reduction if a 10% universal tariff is implemented instead.
Historically, Trump&#8217;s tariffs have hampered European growth due to steep declines in exports, a trend that could repeat. Major exports to the US accounted for ~90% of all European transatlantic exports in 2023 to €502.3 billion, European Commission (EC) data showed.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcvDK80Z1hUJyXyvBBoAMMZeFNr-xIVF1HOlXtj5f6tyZXetVpHGPs9afu43LAEz62sGA2rBTRYFExGxZIpot6NEMoR9FSz8MZpQOWeaegFSiq-af0hbjlqRKJQcifBBKtRYdpvm-brz9WvSj6543imX5QpjbXn9iE8MSyrl2c9XKSTRVJvkWo?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
EU trade with the US by product, Source: European Commission
<h3 class="wp-block-heading">Trump Presidency Could Cause Eurozone GDP Loos</h3>
The blow to the Eurozone from a potential 1.5% GDP reduction could translate to a €260 billion loss on an estimated GDP of €17.4 trillion for 2024. This is over half the entire transatlantic exports registered in 2023.
"The direct effects and the indirect effects and the <a href="https://www.bloomberg.com/news/articles/2024-11-06/ecb-s-guindos-warns-of-huge-implications-of-trump-tariff-plans">deviations of commerce will be huge</a>, ECB Vice-President and French central bank head Francois Villeroy said on Wednesday.
Even the lower end of the proposed tariffs would compel ECB policymakers to cut rates more aggressively in 2025 if Trump implements his economic policies. Sven Jari Stehn of Goldman Sachs said in a note on Wednesday that he expects the ECB to cut an additional quarter-point in July.
&#8220;The American election must sound like <a href="https://www.reuters.com/markets/ecbs-villeroy-trump-election-means-more-risks-world-economy-2024-11-06/">a wakeup call for Europe</a>,&#8221; Villeroy said.&nbsp;
<h3 class="wp-block-heading">Germany At Greater Risk From Trump Presidency</h3>
Nations with large trade surpluses with the US face significant risks from policies that have strained transatlantic economic relationships in the past.&nbsp;
&#8220;Half of Germany&#8217;s growth always comes from exports and if you look at what&#8217;s going on in the world, you have to say that this pillar is under attack,&#8221; Germany's Economy Minister Robert Habeck said in October.&nbsp;
Germany exported over €157.7 billion of goods to the US in 2023. However, exports to the US contracted by 0.3% amid slowing demand and geopolitical escalation.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcunKZmSO2PXjTxoH5i3tumZTnE67LZaCy7n4plCOQCM-KaRa1NuHKfI4lwpeo7MwLbb0Aqn3RC9uLnOkJStOR3w4q2RuS55tghIU6m7QH1DLzfjJN5JdP3W4yQjJtarOqVnK06z5h7keeKLRkVAAEVOWJuwmL_gOl6HSiH65l3dYNqP9_E8Tc?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
Germany Exports to the US, 2012-2023, Source: Tradingeconomics
Dirk Schumacher, head of European macro research at Natixis Corporate &amp; Investment Banking Germany, says a 10% tariff increase could reduce Germany&#8217;s GDP by approximately 0.5%. A study by the Hans Boeckler Foundation macroeconomic institute suggests a <a href="https://www.reuters.com/markets/europe/trump-presidency-could-deal-heavy-blow-germanys-flagging-economy-2024-10-24/">1% GDP erosion by 2026 if Trump implemented a 20% tarif</a>f.&nbsp;
<h3 class="wp-block-heading">Germany Is Only G7 Nation Without Growth For Two Years</h3>
Germany remains the only G7 nation that has <a href="https://www.euronews.com/business/2023/07/30/germany-expected-to-be-only-major-economy-not-to-grow-this-year">failed to grow for two years</a> due to higher energy prices, borrowing costs, and a slow rebound in China. Europe&#8217;s largest economy would suffer if its largest trading partner reduced output and imposed tariffs on China.
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfbVgaykBooXaV2_V2tFat4uPtjSxEtqJGbs1aXsckrchdNTyahnrivFRGcxzAeLoaUgFZv01KIV-g8Yk9HsuFFKgTBaSOSnOMknWvtj2G33RbD160IYtL7hnpn4l8SEaHdqM7rlcRtquZTqdr_AIIQEqM4qaXq4XQsubxXGLI35Dt86aCL_ds?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
German Exports to China, 2020-2024, Source: <a href="https://www.ceicdata.com/en/germany/trade-statistics-by-country/exports-china">CEIC</a>
&#8220;Germany isn&#8217;t going to be bailed out by a restoration of growth in China," Jacob Funk Kirkegaard, senior fellow at Bruegel and the Peterson Institute for International Economics, told Reuters.
An Ifo study found that German exports to China and the US could fall by 9.6% and 14.9% in a full-scale trade war scenario in which the US imposes a 60% tariff on Chinese goods. Pharmaceutical and car exports would be hit the hardest, down 35% and 32%, the Ifo said.
Trump's tariffs would substantially trim European exports to the US, possibly creating a cycle of retaliation.
<h3 class="wp-block-heading">Swift Retaliatory Action From Europe</h3>
Nigel Green, CEO of deVere Group, believes that Trump's presidency would initiate a new trade war with Europe but sounded the alarm of swift retaliation.&nbsp;
"The market is <a href="https://www.financialmirror.com/2024/10/29/trump-trade-war-with-europe-would-hurt-us-stocks/">underestimating the risk of swift European retaliation</a> and the pressure this could place on key American stocks," he said.
Retaliatory measures could hit US earnings in the S&amp;P 500 by 1.5% next year. However, European stocks exposed to US tariffs could plunge as much as 7%, according to Barclays.&nbsp;
&#8220;In the event of a full-blown trade war, we could see up to a high single-digit drag on EPS growth with Germany," Barclays' head of European equity strategy, Emmanuel Cau, said. However, Goldman Sachs believes that a 1% GDP loss, if transported, would erase EPS growth for 2025.
Certain European sectors could still gain from a Trump presidency.&nbsp;
<h3 class="wp-block-heading">Defense Will Benefit From Trump Presidency&nbsp;</h3>
In addition to the energy sector, defense companies could see increased demand from European nations under a Trump Presidency. He is likely to push them to increase their NATO defense spending.&nbsp;
Earlier in 2024, <a href="https://www.theguardian.com/world/2024/feb/14/nato-chief-rebukes-donald-trump-and-announces-record-defence-spending">he threatened to "not protect"</a> any alliance members that failed to ramp up their defense spending to the 2% GDP target.&nbsp;
Following the warning, NATO claimed that more than 18 members would <a href="https://www.euractiv.com/section/defence-and-security/news/nato-says-18-members-will-reach-2-spending-target-this-year/">surpass the 2% target </a>this year. The number of allies meeting or exceeding the target soared to 23 this year, prompting <a href="https://breakingdefense.com/2024/10/trump-wants-nato-to-hit-3-percent-gdp-on-defense-the-us-could-fall-short/">Trump to raise the bar to 3% of GDP</a>.&nbsp;
<figure class="wp-block-image is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeZHW4VZpdEt-DWO4ekjR7UlrTXpLl0U3oYjPArwQ23JgwiOyv-MQt9EkTOATSvEu0hHQ9HLnkkQbdG2dmLCJQVZm42BqZNmLcIE_HEdaNGpHnBJJuZWpF2fF_xp61i66oBsWk44hSOdsCcbrEs91RBX3N4R3C_fDi1DQetJh3FM3SV4dgExw?key=heoBp3pffbhAPsc75vkVjtPK" alt="" style="width:624px" /></figure>
NATO members&#8217; defense expenditure as a share of GDP, 2024e, Source: <a href="https://www.nato.int/nato_static_fl2014/assets/pdf/2024/6/pdf/240617-def-exp-2024-en.pdf">NATO</a>
After taking office, Mark Rutte, the new Secretary General of NATO, said, &#8220;thanks to Trump&#8221; NATO increased defense spending. In Europe, <a href="https://www.aljazeera.com/news/2024/7/11/how-much-does-each-nato-country-spend-in-2024">Poland doubled the defense spending target</a> at 4.12% and Estonia by 3.43%, followed by Latvia and Greece.
<h3 class="wp-block-heading">European Stocks For Trump Presidency</h3>
Poland, Estonia, Latvia, and Greece have been increasing their defense spending and primarily source military equipment from a combination of US and European defense contractors.&nbsp;
<a href="https://www.nationaldefensemagazine.org/articles/2024/9/24/politics-of-war-color-polands-record-defense-spending#:~:text=Poland's%20recent%20procurement%20deals%20with,loan%20agreement%20announced%20in%20July.">Poland agreed to buy 32 F-35 jets, Apache helicopters and Abrams tanks</a> made by American companies Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>)  and Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) and <a href="https://www.defensenews.com/global/europe/2024/03/05/saab-wins-polish-mega-order-for-carl-gustaf-recoilless-rifles/">signed a contract with Saab </a>(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SAABF#OTC">SAABF</a>) earlier in the year to supply ammunition, training equipment, and recoilless rifles. It also awaits delivery of Raytehon's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) LTAMDS radars for its Patriot systems. 
Estonia has<a href="https://www.defensenews.com/global/europe/2023/06/13/estonias-global-arms-buying-spree-seeks-drastic-combat-gains/"> existing ties</a> with Germany&#8217;s Rheinmetall (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RNMBY#OTC">RNMBY</a>), <a href="https://eng.lsm.lv/article/society/defense/04.07.2024-latvia-currently-in-natos-top-four-on-defense-spending.a560311/">Latvia with LMT</a> and <a href="https://www.airforce-technology.com/news/greece-orders-additional-rafale-jets/">Greece with French manufacturer</a> Dassault Aviation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/DUAVF#OTC">DUAVF</a>), along with LMT, <a href="https://www.naval-technology.com/news/us-approves-sale-of-mmsc-ships-greece/?cf-view">BAE Systems </a>(OTC:<a class="ticker" href="https://www.benzinga.com/stock/BAESY#OTC">BAESY</a>)<a href="https://www.naval-technology.com/news/us-approves-sale-of-mmsc-ships-greece/?cf-view"> and repair leader VSE </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSEC#NASDAQ">VSEC</a>).
Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.
This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content&nbsp;or&nbsp;accuracy.

Market Summary

Eurozone

Politics

BAESY

DUAVF

RNMBY

SAABF

VSEC

Trump Presidency Raises Concerns About European Recession

Canaccord Genuity analyst Maria Ripps maintains Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZG#NASDAQ">ZG</a>) with a Hold and raises the price target from $56 to $64.

Canaccord Genuity Maintains Hold on Zillow Gr, Raises Price Target to $64

Canaccord Genuity analyst George Gianarikas maintains Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) with a Buy and lowers the price target from $25 to $18.

WOLF

Canaccord Genuity Maintains Buy on Wolfspeed, Lowers Price Target to $18

Canaccord Genuity analyst George Gianarikas maintains Wallbox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBX#NYSE">WBX</a>) with a Buy and lowers the price target from $3.25 to $1.5.

Canaccord Genuity Maintains Buy on Wallbox, Lowers Price Target to $1.5

Gilead Sciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) stock is trading higher on Thursday after the company reported better-than-expected third-quarter financial results and raised its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41786284/gilead-sciences-announces-third-quarter-2024-financial-results" rel="noreferrer noopener">fiscal year 2024 guidance</a>.
On Wednesday after market, Gilead reported third-quarter adjusted EPS of $2.02, down from $2.29 a year ago, beating the consensus of $1.55.
The HIV drug maker reported sales of $7.55 billion, up 7% year over year, beating the consensus of $7 billion, primarily due to higher sales in HIV and Veklury&nbsp;(remdesivir), Oncology and Liver Disease.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/10/41434127/gilead-sciencesmercks-investigational-once-weekly-hiv-combo-therapy-shows-sustained-virus-suppres" rel="noreferrer noopener">Gilead Sciences/Merck&#8217;s Investigational Once-Weekly HIV Combo Therapy Shows Sustained Virus Suppression To 48 Weeks</a>
HIV&nbsp;product sales increased 9% to $5.1 billion, with Biktarvy sales increased 13% to $3.5 billion. Descovy&nbsp;sales jumped 15% to $586 million.
The&nbsp;Liver Disease&nbsp;portfolio sales increased 4% to $733 million. Veklury&nbsp;sales increased 9% to $692 million.
&#8220;Gilead&#8217;s third-quarter results are the strongest of the year to date, with 7% year-over-year revenue growth, including 13% year-over-year growth for Biktarvy,&#8221; said Daniel O&#8217;Day, Chairman and CEO.
Guidance: Gilead Sciences raised its fiscal year 2024 adjusted EPS guidance from $3.60 &#8211; $3.90 to $4.25 &#8211; $4.45 compared to the consensus of $3.81.
The company expects 2024 product sales of $27.8 billion &#8211; $28.1 billion compared to <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40291958/analysts-cite-improved-investor-sentiment-for-gilead-but-warn-of-limited-growth-at-" rel="noreferrer noopener">prior guidance of</a> $27.1 billion &#8211; $27.5 billion.
Analysts&#8217; reaction:
<ul>
<li>Piper Sandler maintains Gilead Sciences with an Overweight, raising the price <a href="https://www.benzinga.com/quote/GILD/analyst-ratings" target="_blank" rel="noreferrer noopener">target from $95 to $105</a>.</li>
<li>Barclays reaffirms Gilead with an Equal-Weight rating while boosting the price target from $84 to $95.</li>
<li>Wells Fargo maintains Gilead with an Overweight rating, raising the price target from $100 to $105.</li>
<li>Cantor Fitzgerald reiterates Gilead with a Neutral rating, increasing the price target from $70 to $80.</li>
<li>Goldman Sachs maintains Gilead&#8217;s Neutral rating, lifting the price target from $74 to $84.</li>
<li>RBC Capital maintains Gilead&#8217;s Sector Perform rating and boosts the price target from $75 to $81.</li>
<li>JP Morgan maintains Gilead with an Overweight rating, raising the price target from $100 to $105.</li>
<li>Baird maintains Gilead&#8217;s Neutral rating, increasing the price target from $80 to $95.</li>
</ul>
Price Action: GILD stock is up 5.94% at $97.14 at last check Thursday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41817807/elanco-animal-q3-earnings-profit-beat-new-products-and-stabilized-business-to-drive" target="_blank" rel="noreferrer noopener">Elanco Animal Q3 Earnings: Profit Beat, New Products And Stabilized Business To Drive 2025 Sales</a></li>
</ul>

Analyst Color

Biotech

Equities

Large Cap

Guidance

Health Care

Movers

GILD

HIV Drugmaker Gilead Reports Strongest Quarterly Performance Of 2024, Analysts Boost Price Target On Raised Outlook

Once you have been in the financial publishing industry long enough, you realize that people write a lot of what passes for content and analysis that have no idea how markets and economics work.
They know little to nothing about behavioral economics or balance sheet analysis.
They have never worked on a desk, been in a pit, dealt with a margin call, or taken panicked phone calls from investors after a market crash.
They have degrees in English, Communication, and, worst of all, Marketing.
They write about what everyone else writes about.
They care about clicks and not profits.
They can write an elegantly structured paragraph summarizing a recent PR puff piece, which is about as valuable as government peanut butter and cheese.
It fills space but does not have much value.
This becomes glaringly obvious when you read the nonsense that gets written about institutional buying and selling activities.
I regularly see articles that breathlessly announce that Vanguard has bought or sold a major portion of a company.
We also see announcements involving activity by BlackRock and Fidelity, and the articles imply that these purchases have some meaning.
They do not.
Vanguard and BlackRock are the largest purveyors of index funds. Their buying and selling may tell a story about fund flows, but the individual security activity is meaningless.
Fidelity is so big that if they look at a company, they accidentally cross the 5% ownership threshold that triggers an SEC filing.
Tracking institutional activity is valuable if you know which transactions matter and which ones do not.
Vanguard buying shares of Robinhood (Ticker: HOOD) and selling some Nikola (Ticker: NKLA does not mean anything to stock investors looking for potential bargains.
Several institutions with specialized information and vital track records buying into a beaten-up sector potentially has enormous value.
One of the most beaten-up sectors is real estate.
As all the Instant Experts on the Internet will inform you, real estate is the single worst asset class in the history of assets.
There is an excellent chance that no one will ever go into an office again.
We have so many apartments that the suburbs look like scenes from a post-apocalyptic Western, with tumbleweeds blowing through mile after mile of empty apartment buildings.
No one goes to shopping centers anymore.
Everything is delivered.
All those cars are just using the free parking spaces.
The banking system is so choked with bad real estate loans that it will collapse any day and be replaced by the newest top-secret penny crypto, which has the potential to make you a billionaire in a week starting next Tuesday.
I have heard these types of stories swirling around real estate before and during my career.
Texas real estate was a disaster in the 1980s, and you could barely give it away.
In the aftermath of the S&amp;L crisis in the 1980s and early 1990s, real estate attracted all sorts of negative attention.
It was even worse in the aftermath of the internet bubble bursting.
The Great Financial Crisis was the gold standard for toxic real estate conversations.
Each time the smart money piled in and made a fortune.
According to recent SEC filings, they are doing it again this time.
The Macquarie Group is a division of the Macquarie Bank in Sydney, Australia. The group handles the bank&#8217;s business and investing outside of Australia and has had quite a reputation over the years as a very shrewd and profitable dealmaker.
In the second half of 2024, Macquarie Group has been moving into US real estate.
The firm just filed forms with the SEC revealing it now owns over 5% of Lexington Realty Trust, an owner of single-tenant warehouse and industrial properties in Ohio, Indiana, South Carolina, Georgia, and Arizona.
The firm is clearly very bullish on the single-tenant industrial markets as it has also been buying shares of Plymouth Industrial REIT (Ticker: PLYM) this year.
The firm is also a large owner and frequent buyer of VICI Properties (Ticker: VICI), an owner of casinos with a strong presence in the Las Vegas market and an outstanding history of growing both cash flows and dividend payouts.
Robert Robotti is one of those under-the-radar value investors most people do not know exist, but since opening his doors over 40 years ago, he has crushed the markets.
Robotti recently filed paperwork with the SEC revealing that he now owns 9.7% of Five Points Holdings (Ticker: FPH), a master-planned community developer that combines residential, commercial, retail, educational, and recreational elements.
The Irvine, California, company does business in Orange County, Los Angeles County, and San Francisco County and has not been a favorite of the markets since its IPO in 2017.
Sam Levinson, the Chief Investment Officer at Glick Family Investments and member of the Five Points Board, has also been making large purchases of the stock recently.
The stock is ridiculously undervalued, with shares trading at 4.4 times free cash flow and 41% of tangible book value.
If Five Points just survives, you have a strong chance of at least doubling your money.
Robotti also accumulated shares of Legacy Homes (Ticker: LEGH), a builder of manufactured and tiny homes, earlier this year.
Smart money is moving into real estate at current prices.
For what it is worth, fund flows are even forcing indexers like Vanguard and BlackRock to buy real estate-related companies.
The Instant Experts of the Internet hate what the smart money is buying. That is an excellent buy signal in our book.

Opinion

HOOD

LEGH

PLYM

VICI

C-Suite Buys of the Week: Decoding Smart Money Moves in Real Estate

Canaccord Genuity analyst Richard Close maintains Waystar Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAY#NASDAQ">WAY</a>) with a Buy and raises the price target from $30 to $36.

Canaccord Genuity Maintains Buy on Waystar Holding, Raises Price Target to $36

Turning Point Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPB#NYSE">TPB</a>), a maker of branded consumer products, including alternative smoking accessories and consumables with active ingredients, announced its financial results Thursday for the third quarter ended Sept. 30, 2024.
The company behind Zig-Zag, a brand of rolling papers in the cannabis industry, said total consolidated net sales increased 3.8% year over year to $105.6 million.
Zig-Zag products&#8217; net sales, which accounted for 47% of total net sales in the quarter, increased 5.5% over the same period to $49.3 million, driven by strong performance in our North American Papers &amp; Wraps business and solid growth in cigars.
Graham Purdy, the company&#8217;s president and CEO, said Zig-Zag is on "a sustainable growth trajectory."
Zig-Zag Products segment gross profit increased 2.2% to $27.3 million. Gross margin declined 180 basis points to 55.4% driven primarily by product mix.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40108639/zig-zag-segment-on-sustainable-growth-trajectory-turning-point-ceo-reports-7-yoy-improvement-in-">Zig-Zag Segment On Sustainable Growth Trajectory, Turning Point CEO Reports 7% YoY Improvement In Adjusted EBITDA, Raises 2024 Guidance</a>
<h3 class="wp-block-heading">Other Q3 Financial Highlights</h3>
<ul>
<li>Gross profit totaled $53.7 million, up from $51.6 million in the prior year's quarter.</li>
<li>Selling, general and administrative expenses amounted to $33.2 million, compared to $31.4 million in the third quarter of last fiscal year.</li>
<li>Net loss attributable to non-controlling interest totaled $16 000, compared to net income attributable to non-controlling interest of $35 000 in the prior year's quarter.</li>
<li>Net income attributable to Turning Point Brands amounted to $12.4 million, up from $10.8 million.</li>
<li>Total gross debt as of Sept. 30, 2024 was $250 million.</li>
<li>Net debt as of Sept. 30, 2024 was $216.4 million.</li>
<li>Ended the quarter with total liquidity of $92.4 million, comprised of $33.6 million in cash and $58.8 million of asset-backed revolving credit facility capacity.</li>
</ul>
<h3 class="wp-block-heading">2024 Outlook</h3>
Turning Point increased its previous full-year 2024 adjusted EBITDA guidance from $98 million to $102 million to $101 million to $103 million, excluding CDS.
During the quarter, the company repurchased 26,978 shares of common stock for $1.1 million.
On Nov. 6, 2024, the board of directors of the company increased the company's share repurchase authorization by $77.9 million to an aggregate amount of $100 million.
Read Next:
<ul>
<li>&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/05/38620478/zig-zag-rolling-paper-sales-made-48-of-total-turning-point-brands-sales-in-first-quarter">Zig-Zag Rolling Paper Sales Made 48% Of Total Turning Point Brands Sales In First Quarter</a></li>
</ul>
<h3 class="wp-block-heading">TPB Price Action</h3>
Turning Point Brands' shares traded 1.31% lower at $50.37 per share at the time of writing on Thursday.

Cannabis

Zig-Zag Rolling Papers Segment Drives 47% Of Turning Point Brands' Q3 Sales, CEO Predicts Sustainable Growth

Canaccord Genuity analyst Maria Ripps maintains Upwork (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPWK#NASDAQ">UPWK</a>) with a Buy and raises the price target from $15 to $18.

Canaccord Genuity Maintains Buy on Upwork, Raises Price Target to $18

CELU

Celularity Shares Resume Trading

Milestone Pharmaceuticals GAAP EPS of -$0.14

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Milestone Pharmaceuticals (NASDAQ:<a href="https://investorplace.com/stock-quotes/mist-stock-quote/">MIST</a>) just reported results for the second quarter of 2024.<ul><li>Milestone Pharmaceuticals reported earnings per share of -14 cents. This was above the analyst estimate for EPS of -19 cents.</li><li>The company did not report any revenue for the quarter.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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MIST Stock Earnings: Milestone Pharmaceuticals Beats EPS for Q2 2024

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Milestone Pharmaceuticals Welcomes New Directors and Auditor

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MIST

Press Releases

Milestone® Pharmaceuticals to Participate in the Upcoming Jefferies Global Healthcare Conference

Milestone Pharmaceuticals to Host KOL Event for Investors "Learnings from the Field: Expert Perspectives on PSVT in the Community Setting" on June 20, 2024

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