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Redfin

Redfin Corp is a residential real estate broker. It pairs its agents with the technology to create a service that is faster and costs less. The company meets customers through a listings-search website and mobile application. The company uses the same combination of technology and local service to originate mortgage loans and offer title and settlement services. It has five operating segments and three reportable segments, real estate services, rentals, and mortgage. The company generates the majority of its revenue from Real estate services.

Redfin Corp

Fortinet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>) will be reporting its third-quarter earnings on Thursday. Wall Street expects 52 cents in EPS and $1.48 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=FTNT" target="_blank" rel="noreferrer noopener"> after market hours</a>.
The stock is up 60.85% over the past year, and 39.47% year-to-date.
<h2 class="wp-block-heading">Fortinet Stock Rides Cyber Demand Boom With AI &amp; IAM Focus</h2>
Fortinet's stock performance has been bolstered by its strong positioning in the expanding cybersecurity market, particularly as demand for identity and access management (IAM) solutions grows. 
With the IAM market <a href="https://www.investors.com/news/technology/cybersecurity-stocks/">projected</a> to double from $23.5 billion in 2024 to $47.1 billion by 2028 by IDC, Fortinet's integrated Security Fabric and AI-powered offerings, including FortiGuard Labs and FortiAI, have resonated strongly with enterprise customers. These technologies enable comprehensive, scalable security, simplifying complex threat landscapes, especially with the rising shift to public cloud deployments. 
Fortinet's commitment to addressing the critical cybersecurity skills gap through its Training Institute, aiming to train 1 million professionals by 2026, further solidifies its industry leadership. 
As it heads into third-quarter earnings, Fortinet's proactive approach to innovation and workforce development enhances its long-term growth potential amid a rapidly growing $500.7 billion cybersecurity market <a href="https://www.grandviewresearch.com/industry-analysis/cyber-security-market#:~:text=What%20is%20the%20cyber%20security,USD%20500.70%20billion%20by%202030.">forecast</a> through 2030.
Let&#8217;s look at what the charts indicate for Fortinet stock and how the stock currently maps against Wall Street estimates.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41462096/crowdstrike-and-fortinet-partner-to-supercharge-cybersecurity-details">CrowdStrike And Fortinet Partner To Supercharge Cybersecurity: Details</a>
<h2 class="wp-block-heading">Fortinet Stock Chart Strongly Bullish Ahead Of Q3 Earnings&nbsp;</h2>
Fortinet stock is currently facing selling pressure despite its share price being above its five, 20 and 50-day exponential moving averages, suggesting the overall trend remains strongly bullish.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="625" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06123203/Screenshot-2024-11-06-at-11.01.29-PM.png" alt="" class="wp-image-633342" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06123203/Screenshot-2024-11-06-at-11.01.29-PM.png 625w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06123203/Screenshot-2024-11-06-at-11.01.29-PM-300x218.png 300w" sizes="(max-width: 625px) 100vw, 625px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
However, with Fortinet stock trading at $80.51, below the 20-day simple moving average (SMA) of $80.71, some short-term bearish momentum prevails. 
The price is above the eight-day SMA of $79.20 and the 50-day SMA of $78.25, reinforcing a bullish outlook in the near term. Adding to the positive side, Fortinet&#8217;s price also remains well above its 200-day SMA of $67.99, which suggests bullish potential for the longer-term. 
The Moving Average Convergence Divergence (MACD) reading of 0.27 further supports a bullish stance, while the Relative Strength Index (RSI) at 55.98, and rising, indicates that Fortinet be heading towards the overbought territory, potentially setting the stage for a bearish reversal. 
Overall, while short-term risks persist, the longer-term technical indicators remain favorable for Fortinet stock.
<h2 class="wp-block-heading">Fortinet Analysts See 7% Upside</h2>
Fortinet Ratings &amp; Consensus Estimates: <a href="https://www.benzinga.com/quote/FTNT/analyst-ratings" target="_blank" rel="noreferrer noopener">The consensus analyst rating</a> on Fortinet stock stands at a Neutral currently with a price target of $73.96. 
The latest analyst ratings from Rosenblatt, Cantor Fitzgerald and Truist Securities set an average price target of $86 for Fortinet stock, implying a 6.77% upside.
Price Action: Fortinet stock was trading at $80.55 at the time of publication.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41781115/stock-of-the-day-trump-media-technology-hits-resistance-reverses-and-trends-lower">Stock Of The Day: Trump Media &amp; Technology Hits Resistance, Reverses And Trends Lower</a></li>
</ul>
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Fortinet Gears Up For Q3 Earnings As Cyber Demand Drives Momentum

An &#8220;everything rally&#8221; powered Wall Street on Wednesday after the 2024 election results, with Donald Trump emerging as the clear presidential winner. The Republican Party reclaimed control of the Senate, while the House of Representatives leans Republican <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41778433/s-p-500-dow-hit-record-highs-after-trump-win-fear-index-drops-20">but remains undecided.</a>
The major U.S. equity indices – the S&amp;P 500, Dow Jones Industrial Average, and Nasdaq 100 – surged to record highs in early trading, as investor optimism grew on expectations of more favorable tax policies. 
The S&amp;P 500, Nasdaq, and Dow posted gains of 2.3%, 2.4%, and 3.3%, respectively.
However, the real standouts were small caps and bank stocks, with investors turning to domestic businesses and U.S. banks in anticipation of potential tariff protections and further financial deregulation. 
The Russell 2000 jumped 5.5%, marking its largest single-day increase in two years. 
Large-cap bank stocks climbed 6%, while regional banks tracked by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) soared 13%—both seeing their biggest one-day gains since November 2020, when the first COVID-19 vaccine was announced.
Clean energy stocks were among the day's worst performers, with the Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) plunging 11% for its steepest drop since March 2020, as investors braced for potential rollbacks on green initiatives under the Trump administration.
In the foreign exchange market, the U.S. dollar initially rallied nearly 2% before paring gains to 1.4% as traders awaited a Federal Reserve interest rate cut on Thursday.
Treasury yields spiked as expectations rose for larger budget deficits under Republican fiscal policies and higher inflation due to potential tariffs. The 10-year Treasury yield climbed 14 basis points to 4.41%, reaching a four-month high.
Gold prices fell 2.8%, silver dropped over 4%, while natural gas rose 3.8%. Oil prices remained steady.
In the cryptocurrency market, risk appetite thrived, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rising over 8% to reach a record high of $75,000. Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) gained 10%, and Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) surged 14%, the strongest performance among the top 10 cryptocurrencies.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, Sectors</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,388.20</td>
<td>5.6%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>43,739.86</td>
<td>3.6%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,740.09</td>
<td>2.5%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,922.98</td>
<td>2.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:30 p.m. ET</figcaption></figure>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>1-day % chg</th>
</tr>
</thead>
<tbody>
<tr>
<td>Financials</td>
<td>6.0%</td>
</tr>
<tr>
<td>Energy</td>
<td>4.0%</td>
</tr>
<tr>
<td>Industrials</td>
<td>3.9%</td>
</tr>
<tr>
<td>Cons. Discretionary</td>
<td>2.9%</td>
</tr>
<tr>
<td>Technology</td>
<td>2.7%</td>
</tr>
<tr>
<td>Communications</td>
<td>1.9%</td>
</tr>
<tr>
<td>Materials</td>
<td>1.8%</td>
</tr>
<tr>
<td>Health Care</td>
<td>0.3%</td>
</tr>
<tr>
<td>Utilities</td>
<td>-0.7%</td>
</tr>
<tr>
<td>Cons. Staples</td>
<td>-1.7%</td>
</tr>
<tr>
<td>Real Estate</td>
<td>-3.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent110624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 2.4% to $590.30.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rallied 3.5% to $437.05.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) soared 2.5% to $504.69.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) spiked 5.6% to $236.23.</li>
<li>The Financials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, rising 6%. The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 3.3%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
Stocks reacting to earnings reports were: 
<ul>
<li>Archer-Daniels-Midland Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADM#NYSE">ADM</a>), up 2%, </li>
<li>Devon Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), up 1.8%, </li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), down 22%, </li>
<li>CVS Health Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), up 12%,</li>
<li>DBA Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>), up 5.8%, </li>
<li>American Electric Power Company Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>), down 3%, </li>
<li>Cencora Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COR#NYSE">COR</a>), up 5.5%, </li>
<li>Howmet Aerospace Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>), up 10.7%, </li>
</ul>
Major companies moving in reaction to election results were: 
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), up 14.8%, </li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), up 14.4%, </li>
<li>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), up 13.1%, </li>
<li>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), up 13.1%, </li>
<li>The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), up 12.9%. </li>
</ul>
The rallies in the stock and crypto markets drove shares of Robinhood Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) up by 18% and 26%, respectively.
Major losers among clean energy stocks included Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), down 16.7% and 10.5%, respectively. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41781115/stock-of-the-day-trump-media-technology-hits-resistance-reverses-and-trends-lower">Stock Of The Day: Trump Media &amp; Technology Hits Resistance, Reverses And Trends Lower</a></li>
</ul>
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Trump's Win Sends Indices To Record Highs; Financials, Small Caps Surge, Bitcoin Tops $75,000: What's Driving Markets Wednesday?

ViaSat Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) shares are sitting on the sidelines Wednesday while the broader market rallies. The muted price action may be partly due to The Bear Cave&#8217;s<a href="https://www.benzinga.com/topic/short-sellers"> latest short report</a>.
What To Know: Short-selling firm The Bear Cave has published a new report suggesting Elon Musk&#8217;s SpaceX is eating ViaSat&#8217;s lunch.
&#8220;The Bear Cave believes new competition led by SpaceX's Starlink is stealing share from Viasat's key markets and will continue to grow at Viasat's expense,&#8221; the short seller<a href="https://thebearcave.substack.com/p/problems-at-viasat-vsat"> said</a>. 
Benzinga has reached out to ViaSat for comment on the report. 
The Bear Cave expects Donald Trump&#8217;s return to the White House to further increase competitive pressure from SpaceX on its business given Musk&#8217;s support of Trump throughout his campaign.
The short seller noted that SpaceX&#8217;s <a href="https://www.benzinga.com/topic/starlink">Starlink</a> offers a collection of low-orbit satellites that can provide connectivity with greater bandwidth and lower latency than traditional solutions like ViaSat. 
&#8220;Based on the collective reviews of customers, employees, and engineers,&nbsp;The Bear Cave concludes Viasat is a dead company walking,&#8221; The Bear Cave said. 
The Bear Cave went on to highlight specific commentary from customers, suggesting many are switching to Starlink. He also pointed to the company&#8217;s most recent subscriber base total of 257,000, down from around 600,000 in 2020.
&#8220;Based on consumer reviews, The Bear Cave expects that base to dwindle further,&#8221; the short seller said. 
VSAT Price Action: <a href="http://benzinga.com/qupte/vsat">ViaSat shares</a> were down 1.05% at $10.39 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company is set to report earnings after the market close Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41778433/s-p-500-dow-hit-record-highs-after-trump-win-fear-index-drops-20">S&amp;P 500, Dow Hit Record Highs After Trump Win; Fear Index Drops 20%</a></li>
</ul>
Photo: Shutterstock.

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'Dead Company Walking': Short Seller Sets Sights On ViaSat, Expects Elon Musk's Starlink To Take Share After Trump Win

Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) shares are down sharply on Wednesday following the election of Donald Trump as the 47th president of the U.S. Here's a look at how Trump's policy could <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41460886/rivian-analyst-cuts-estimates-on-demand-concerns-warns-softer-production-delivery-t">affect the electric vehicle makers.</a>&nbsp;
What To Know: Trump has largely condemned EVs, claiming they are<a href="https://www.benzinga.com/news/24/07/39854007/trump-says-he-will-end-the-electric-vehicle-mandate-on-day-one-days-after-tesla-ceo-elon-musks-endor"> being forced </a>on consumers through unfair regulations, and has pledged to end what he calls "the electric vehicle mandate."&nbsp;
Trump has specifically said he plans <a href="https://www.benzinga.com/news/24/07/39854007/trump-says-he-will-end-the-electric-vehicle-mandate-on-day-one-days-after-tesla-ceo-elon-musks-endor">to eliminate</a> many EV incentives included in the Biden administration's Inflation Reduction Act (IRA), including purchase rebates and tax incentives. He also has said he plans to modify or end vehicle emissions standards under the Environmental Protection Agency.&nbsp;&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">What Does Trump&#8217;s Victory Mean For EV Giant Tesla And The Big 3 Automakers?</a>
EV start-ups such as Lucid and Rivian already face decreasing consumer demand for electric vehicles and Wedbush analysts see the Trump presidency as another challenge for carmakers.
"We believe a Trump presidency would be an overall negative for the EV industry as likely the EV rebates/tax incentives get pulled," the Wedbush analysts wrote.
Rivian announced plans for a new more affordable model, the R2, <a href="https://www.benzinga.com/news/24/08/40282895/rivian-kicks-off-months-long-promotional-roadshow-with-upcoming-r2-suv-r3x-crossover">set to launch </a>in 2026. The R2 was set to be priced beneath limits to qualify for the full $7,500 federal tax credit. Trump&#8217;s planned elimination of the tax credit could potentially disrupt these plans.
Trump has also proposed a universal 10% tariff on imports and a 60% tariff on imports from China which could affect Rivian and Lucid's supply chains and production costs, potentially leading to higher vehicle prices or reduced profit margins. Neither Rivian nor Lucid has yet to turn a profit and reduced profit margins would<a href="https://www.benzinga.com/news/24/08/40574576/rivian-or-lucid-which-of-the-two-loss-making-ev-startups-is-solving-cash-burn"> push the road</a> to profitability out further.&nbsp;
While Rivian and Lucid stock is down, Telsa Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock is soaring. <a href="https://www.benzinga.com/news/24/11/41781921/what-does-trumps-victory-mean-for-ev-giant-tesla-and-the-big-3-automakers">Unlike the other two companie</a>s, it should have the size and scale to absorb potential policy changes. 
RIVN, LCID Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro,</a> Rivian shares are down 9.02% at $9.64 and Lucid shares are down 5.94% at $2.12 at the time of publication Wednesday.&nbsp;
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/11/41774549/trumps-big-tech-policies-what-gop-victory-means-for-apple-google-microsoft">Trump&#8217;s Big Tech Policies: What GOP Victory Means For Apple, Google, Microsoft</a></li>
</ul>
Photo: Courtesy of Rivian Automotive, Inc.

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Rivian, Lucid Stocks Sink After Trump Win: What's Driving Bearish Move?

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Shares of machinery companies are trading higher. Investors may be reacting to the US presidential election and its impact on the industry.

Grocery Outlet Holding Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GO#NASDAQ">GO</a>) reported upbeat earnings for its <a href="https://www.benzinga.com/quote/GO/earnings">third quarter on Tuesday.</a>
The company posted quarterly earnings of 28 cents per share which beat the analyst consensus estimate of 27 cents per share. The company reported quarterly sales of $1.11 billion which beat the analyst consensus estimate of $1.10 billion.
Eric Lindberg, Chairman and Interim President and CEO of Grocery Outlet said, &#8220;Our double-digit third quarter net sales growth reflects the strong positioning of our consumer offering – value continues to win in the market and we continue to grow our share of consumer non-discretionary spending.&#8221;
Grocery Outlet updated its FY24 EPS guidance from 89 cents-95 cents to 77 cents-80 cents. The company also updated its revenue forecast from $4.30 billion-$4.35 billion to slightly above $4.35 billion.
Grocery Outlet shares gained 10.4% to trade at $16.08 on Wednesday.
These analysts made changes to their price targets on Grocery Outlet following earnings announcement.
<ul>
<li>TD Cowen analyst Oliver Chen downgraded Grocery Outlet from Buy to Hold and lowered the price target from $25 to $16.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58777fa25064ed0001730051/jeremy-hamblin">Craig-Hallum analyst Jeremy Hamblin</a> maintained Grocery Outlet with a Hold and lowered the price target from $20 to $17.</li>
<li>Wells Fargo analyst Anthony Bonadio maintained the stock with an Overweight and slashed the price target from $26 to $23.</li>
<li>Deutsche Bank analyst Paul Trussell maintained Grocery Outlet with a Buy and lowered the price target from $29 to $26.</li>
<li>Telsey Advisory Group analyst Joseph Feldman maintained the stock with a Market Perform and lowered the price target from $19 to $18.</li>
<li>Roth MKM analyst Bill Kirk maintained Grocery Outlet with a Neutral and cut he price target from $20 to $16.</li>
<li>UBS analyst Michael Lasser maintained the stock with a Neutral and lowered the price target from $21 to $16.</li>
</ul>
Considering buying GO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="524" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06142046/image-62-1024x524.png" alt="" class="wp-image-633548" style="width:637px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06142046/image-62-1024x524.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06142046/image-62-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06142046/image-62-768x393.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06142046/image-62.png 1217w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41775237/amazon-disney-dupont-leidos-and-a-financial-stock-on-cnbcs-final-trades">Amazon, Disney, DuPont, Leidos And A Financial Stock On CNBC&#8217;s &#8216;Final Trades&#8217;</a></li>
</ul>

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Analyst Ratings

Grocery Outlet Analysts Slash Their Forecasts Following Q3 Results

Perma-Pipe International Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPIH#NASDAQ">PPIH</a>) today announced $6 million in new project awards in the MENA region. Additionally, the company announced $9 million in new project awards in the Americas, demonstrating continual improvement in the region.
These new project awards will utilize Perma-Pipe's anti-corrosion coatings capabilities and the XTRU-THERM&#xAE; insulation system, a spray-applied polyurethane foam jacketed with a high-density polyethylene casing.
These new project awards further complement our backlog, which has experienced considerable growth. Backlog was $75.0 million at July 31, 2024 and is now in excess of $100.0 million.

Contracts

PPIH

Perma-Pipe International Announces $15M In Contract Awards In The Americas And Middle East Regions; Backlog Was $75M At July 31, 2024 And Is Now In Excess Of $100M

ABNB

AENT

AGAE

ARMK

BALY

CENN

CVCO

DECK

DENN

EXPE

FEBO

FIGS

FNKO

GMBL

GOLF

GORV

JZXN

LAUR

LAZR

LIND

LOBO

MBLY

MGOL

MOND

NCLH

PATK

PENN

PRKS

PTON

SERV

SGHC

SPGC

TDUP

UXIN

WOOF

XPOF

Shares of companies within the broader consumer discretionary sector are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

FRP Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRPH#NASDAQ">FRPH</a>) reported quarterly earnings of $0.07 per share. This is unchanged from the same period last year. The company reported $10.63 million in sales this quarter. This is a 0.40 percent increase over sales of $10.59 million the same period last year.

FRPH

FRP Holdings Q3 EPS $0.07, Same YoY, Sales $10.63M Up From $10.59M YoY

Rumors

QLYS

Cybersecurity Company Qualys Is Said To Explore Potential Sale

UBS analyst Roger Boyd maintains Qualys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) with a Neutral and raises the price target from $140 to $160.

UBS Maintains Neutral on Qualys, Raises Price Target to $160

UBS analyst Karl Keirstead maintains Xometry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XMTR#NASDAQ">XMTR</a>) with a Neutral and raises the price target from $20 to $22.

XMTR

UBS Maintains Neutral on Xometry, Raises Price Target to $22

Financial giants have made a conspicuous bullish move on Oracle. Our analysis of options history for Oracle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) revealed 38 unusual trades.
Delving into the details, we found 39% of traders were bullish, while 39% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $249,098, and 33 were calls, valued at $2,196,370.
<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 $90.0 and $195.0 for Oracle, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Oracle stands at 2623.67, with a total volume reaching 22,202.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Oracle, situated within the strike price corridor from $90.0 to $195.0, throughout the last 30 days.
<h3>Oracle Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730920554_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>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$95.65</td>
<td>$92.3</td>
<td>$93.13</td>
<td>$90.00</td>
<td>$186.0K</td>
<td>238</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$10.55</td>
<td>$9.9</td>
<td>$10.55</td>
<td>$170.00</td>
<td>$183.5K</td>
<td>2.8K</td>
<td style="text-align: right;">291</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$28.65</td>
<td>$26.75</td>
<td>$27.53</td>
<td>$180.00</td>
<td>$165.1K</td>
<td>490</td>
<td style="text-align: right;">61</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$71.8</td>
<td>$71.3</td>
<td>$71.8</td>
<td>$115.00</td>
<td>$143.6K</td>
<td>207</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$24.75</td>
<td>$24.45</td>
<td>$24.67</td>
<td>$160.00</td>
<td>$123.3K</td>
<td>3.3K</td>
<td style="text-align: right;">57</td>
</tr>
</tbody>
</table>

<h3>About Oracle</h3>
Oracle provides database technology and enterprise resource planning, or ERP, software to enterprises around the world. Founded in 1977, Oracle pioneered the first commercial SQL-based relational database management system. Today, Oracle has 430,000 customers in 175 countries, supported by its base of 136,000 employees.
In light of the recent options history for Oracle, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Oracle Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 6,784,472, the ORCL's price is up by 4.77%, now at $179.97. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 33 days.</li>
</ul>
<h3>What The Experts Say On Oracle</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $185.0.
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 RBC Capital has revised its rating downward to Sector Perform, adjusting the price target to $165. 
&#x2A; Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Oracle, targeting a price of $205. 
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 Oracle options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

ORCL

Market Whales and Their Recent Bets on ORCL Options

High-rolling investors have positioned themselves bearish on Cipher Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in CIFR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Cipher Mining. This is not a typical pattern.
The sentiment among these major traders is split, with 33% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $44,000, and 8 calls, totaling $520,350.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $10.0 for Cipher Mining, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Cipher Mining stands at 8219.83, with a total volume reaching 9,903.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cipher Mining, situated within the strike price corridor from $5.0 to $10.0, throughout the last 30 days.
<h3>Cipher Mining 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730920549_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>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CIFR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$2.1</td>
<td>$2.0</td>
<td>$2.1</td>
<td>$10.00</td>
<td>$231.0K</td>
<td>12.5K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CIFR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$2.3</td>
<td>$2.1</td>
<td>$2.15</td>
<td>$10.00</td>
<td>$73.9K</td>
<td>12.5K</td>
<td>1.9K</td>
</tr>
<tr>
<td>CIFR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.3</td>
<td>$2.0</td>
<td>$2.2</td>
<td>$5.50</td>
<td>$44.0K</td>
<td>1.8K</td>
<td>200</td>
</tr>
<tr>
<td>CIFR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.15</td>
<td>$2.1</td>
<td>$2.1</td>
<td>$10.00</td>
<td>$42.0K</td>
<td>12.5K</td>
<td>1.5K</td>
</tr>
<tr>
<td>CIFR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.05</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$7.00</td>
<td>$40.1K</td>
<td>17.8K</td>
<td>896</td>
</tr>
</tbody>
</table>

<h3>About Cipher Mining</h3>
Cipher Mining Inc ia an emerging technology company that operates in the Bitcoin mining ecosystem in the United States. The company is developing a cryptocurrency mining business, specializing in Bitcoin. The company is expanding and strengthening the Bitcoin network's critical infrastructure in the United States.
Having examined the options trading patterns of Cipher Mining, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Cipher Mining Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 11,724,224, with CIFR's price up by 24.81%, positioned at $6.64.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 118 days.</li>
</ul>
<h3>Expert Opinions on Cipher Mining</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $7.166666666666667.
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; Reflecting concerns, an analyst from HC Wainwright &amp; Co. lowers its rating to Buy with a new price target of $7. 
&#x2A; Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $7. 
&#x2A; Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on Cipher Mining with a target price of $7. 
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 Cipher Mining, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

CIFR

Smart Money Is Betting Big In CIFR Options

Investors with a lot of money to spend have taken a bullish stance on Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</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 QCOM, 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 33 uncommon options trades for Qualcomm.
This isn't normal.
The overall sentiment of these big-money traders is split between 51% bullish and 36%, bearish.
Out of all of the special options we uncovered, 16 are puts, for a total amount of $814,346, and 17 are calls, for a total amount of $1,296,719.
<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 $100.0 to $200.0 for Qualcomm over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 3067.0 with a total volume of 13,715.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Qualcomm's big money trades within a strike price range of $100.0 to $200.0 over the last 30 days.
<h3>Qualcomm Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730920544_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>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/08/24</td>
<td>$3.8</td>
<td>$3.7</td>
<td>$3.72</td>
<td>$180.00</td>
<td>$499.9K</td>
<td>9.5K</td>
<td>6.2K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$16.5</td>
<td>$16.35</td>
<td>$16.35</td>
<td>$175.00</td>
<td>$163.5K</td>
<td>239</td>
<td>100</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$12.4</td>
<td>$11.8</td>
<td>$12.25</td>
<td>$195.00</td>
<td>$122.5K</td>
<td>940</td>
<td>390</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$12.55</td>
<td>$11.75</td>
<td>$12.3</td>
<td>$195.00</td>
<td>$104.5K</td>
<td>940</td>
<td>390</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$78.4</td>
<td>$76.5</td>
<td>$77.5</td>
<td>$100.00</td>
<td>$69.7K</td>
<td>725</td>
<td>9</td>
</tr>
</tbody>
</table>

<h3>About Qualcomm</h3>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
<h3>Current Position of Qualcomm</h3>
<ul>
<li>Trading volume stands at 6,110,923, with QCOM's price up by 4.2%, positioned at $172.87.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 0 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>.
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 Qualcomm, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

QCOM

Smart Money Is Betting Big In QCOM Options

UBS analyst Jay Sole maintains Revolve Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RVLV#NYSE">RVLV</a>) with a Neutral and raises the price target from $25 to $30.

RVLV

UBS Maintains Neutral on Revolve Gr, Raises Price Target to $30

UBS analyst Francois-Xavier Bouvignies maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy and lowers the price target from $285 to $275.

NXPI

UBS Maintains Buy on NXP Semiconductors, Lowers Price Target to $275

UBS analyst Joshua Raskin maintains Westlake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WLK#NYSE">WLK</a>) with a Neutral and lowers the price target from $160 to $144.

UBS Maintains Neutral on Westlake, Lowers Price Target to $144

AdaptHealth Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHCO#NASDAQ">AHCO</a>) reported worse-than-expected third-quarter sales and revised its <a href="https://www.benzinga.com/quote/ahco/earnings">FY24 net revenue guidance on Tuesday.</a>
AdaptHealth reported quarterly sales of $805.86 million which missed the analyst consensus estimate of $809.30 million.
Suzanne Foster, Chief Executive Officer of AdaptHealth, stated, &#8220;I continue to be optimistic about the road ahead. We have identified growth opportunities, we are assembling a high performing team and investing in areas that allow us to serve even more patients in their homes.&#8221;
AdaptHealth revised its FY24 net revenue outlook from $3.255 billion &#8211; $3.315 billion &nbsp;to $3.220 billion &#8211; $3.260 billion.
AdaptHealth shares gained 8.4% to trade at $9.95 on Wednesday.
These analysts made changes to their price targets on AdaptHealth following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58933b2043eaaa0001698f4c/eric-coldwell">Baird analyst Eric Coldwell</a> maintained AdaptHealth with an Outperform and lowered the price target from $16 to $14.</li>
<li>Canaccord Genuity analyst Richard Close maintained the stock with a Buy and cut the price target from $14 to $13.</li>
<li>UBS analyst Whit Mayo maintained AdaptHealth with a Buy and lowered the price target from $13 to $12.</li>
</ul>
Considering buying AHCO stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="559" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06141232/image-61-1024x559.png" alt="" class="wp-image-633542" style="width:680px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06141232/image-61-1024x559.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06141232/image-61-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06141232/image-61-768x419.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06141232/image-61.png 1205w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41775237/amazon-disney-dupont-leidos-and-a-financial-stock-on-cnbcs-final-trades">Amazon, Disney, DuPont, Leidos And A Financial Stock On CNBC&#8217;s &#8216;Final Trades&#8217;</a></li>
</ul>

AHCO

These Analysts Lower Their Forecasts On AdaptHealth Following Weak Sales

UBS analyst Joshua Spector maintains Intl Flavors &amp; Fragrances (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IFF#NYSE">IFF</a>) with a Neutral and raises the price target from $108 to $111.

UBS Maintains Neutral on Intl Flavors & Fragrances, Raises Price Target to $111

The real estate industry is expected to grow due to the increased urbanization rates in emerging economies and advancements in construction technology. With their earnings release on the horizon, let's analyze real estate stocks, Redfin (RDFN) and Colliers International Group (CIGI), to determine which real estate stock is a better buy. Read on... As the population booms, particularly in urban areas, the demand for residential, commercial, and industrial spaces grows. This expansion fuels both new construction and the development of existing properties. Thus, the Real Estate market is projected to grow at <a href="https://market.us/report/real-estate-market/">4.8% CAGR by 2033</a>.
Moreover, rental properties accounted for over 54.5% of the market share in 2024, reflecting the demand for flexible accommodation. Also, technological advancements are reshaping the real estate market. <a href="https://www.researchandmarkets.com/report/property?srsltid=AfmBOooCk5LTyJcDCHcIfQqnW-F1BEXESj31AjklMPMNxBeZ4LOkkjT4">AI, IoT, and big data analytics</a> improve efficiency, safety, and profitability by enhancing asset management and enabling predictive maintenance, which extends building lifespans and lowers operational costs.
Against this backdrop, let's compare two real estate stocks, Redfin Corporation (<a href="https://stocknews.com/stock/RDFN/">RDFN</a>) and Colliers International Group Inc. (<a href="https://stocknews.com/stock/CIGI/">CIGI</a>) to determine which is a better AI stock to own.
The Case for Redfin Corporation Stock
With a $1.53 billion <a href="https://www.investopedia.com/investing/market-capitalization-defined/">market cap</a>, Redfin Corporation (<a href="https://stocknews.com/stock/RDFN/">RDFN</a>) operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home.
RDFN's stock has gained 114.5% over the past three months to close the last trading session at $12.55.
Its trailing-12-month CAPEX/Sales and trailing-12-month CFO of 1.25% and 13.95 million are 54.7% and 94.1% lower than the industry averages of 2.77% and 235.62 million, respectively.
In the fiscal second quarter that ended June 30, 2024, RDFN's revenue stood at $295.20 million. Moreover, its net loss increased 1.5% year-over-year to $27.88 million, and net loss per share stood at $0.23.
Analysts expect RDFN's revenue for the third quarter (ended September 2024) to increase 4.4% year-over-year to $280.72 million. However, the company's loss per share for the same quarter is expected to grow 19.2% year-over-year to $0.20.
RDFN's bleak fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall D rating, equating to a Sell in our proprietary rating system. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree.
The stock has an F grade for Stability and a D for Value. Within the <a href="https://stocknews.com/category/real-estate-services/">Real Estate Services</a> industry, RDFN is ranked #39 out of 46 stocks.
In addition to the POWR Ratings I've just highlighted, you can see RDFN's ratings for Growth, Momentum, Quality, and Sentiment <a href="https://stocknews.com/stock/RDFN/">here</a>.
The Case for Colliers International Group Inc. Stock
Valued at $7.81 billion by market cap, Colliers International Group Inc. (<a href="https://stocknews.com/stock/CIGI/">CIGI</a>) provides commercial real estate professional and investment management services to corporate and institutional clients in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company is headquartered in Toronto, Canada.
CIGI's stock has gained 42% over the past three months to close the last trading session at $152.08.
Its trailing-12-month asset turnover ratio and trailing-12-month cash per share of 0.81x and 3.23 are 54.7% and 515.4% higher than the industry averages of 0.13x and 235.62 million, respectively.
For the second quarter that ended June 30, 2024, CIGI's revenues increased 5.7% year-over-year to $1.14 billion. Its adjusted EBITDA grew 5.8% year-over-year to $155.60 billion. Its adjusted EPS increased 3.8% year-over-year to $1.36.
Street expects CIGI's revenue for the third quarter ended September 2024 to increase 11.4% year-over-year to $1.18 billion. Its EPS is expected to increase 30% year-over-year to $1.55. Moreover, the company has surpassed revenue estimates in three of the trailing four quarters.
CIGI's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
CIGI has an A grade for Growth and a B for Stability. It is ranked #5 in the same industry.
<a href="https://stocknews.com/stock/CIGI/">Click here</a> for the additional POWR Ratings for CIGI (Value, Quality, Sentiment, and Momentum).
Redfin (RDFN) vs. Colliers International (CIGI): Which Real Estate Stock is a Better Buy as Earnings Approach?
The growth of real estate services industry is driven by rising demand for property management, investment advisory, and brokerage due to increasing urbanization and commercial expansion. Additionally, technological advancements streamline operations, improving efficiency and client engagement.
Leading real estate companies, such as RDFN and CIGI, stand to capitalize on bright industry growth prospects. However, CIGI's higher profitability and promising near-term outlook favor it as the better real estate stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Real Estate Services industry <a href="https://stocknews.com/category/real-estate-services/">here</a>.
What To Do Next?
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<hr />
CIGI shares were unchanged in premarket trading Wednesday. Year-to-date, CIGI has gained 20.37%, versus a 20.76% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/cigi-rdfn-redfin-rdfn-vs-colliers-international-cigi-which-real-estate-stock/>Redfin (RDFN) vs. Colliers International (CIGI): Which Real Estate Stock is a Better Buy as Earnings Approach?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Redfin (RDFN) vs. Colliers International (CIGI): Which Real Estate Stock is a Better Buy as Earnings Approach?

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