La vendita allo scoperto per WisdomTree Bloomberg U.S. Dollar Bullish Fund dà agli investitori un'idea del grado in cui gli investitori stanno scommettendo sul declino delle azioni di WisdomTree Bloomberg U.S. Dollar Bullish Fund. I dati relativi alle vendite allo scoperto vengono aggiornati ogni due settimane.

WisdomTree Bloomberg U.S. Dollar Bullish Fund (ARCA:USDU), Report sulle vendite allo scoperto

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Financial Services

The fund is an actively managed ETF that seeks to provide total returns, before fees and expenses, that exceed the performance of the index. The index is structured to potentially benefit as the U.S. dollar appreciates relative to a basket of global currencies. The fund will seek exposure to both the U.S. dollar and global currencies held by the index through investing, under normal circumstances, at least 80 percent of its assets in money market securities and other liquid securities. It is non-diversified.

Wisdomtree Floating Rate Treasury Fund

WisdomTree Bloomberg US Dollar Bullish Fund

WisdomTree Bloomberg U.S. Dollar Bullish Fund

U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 500 points on Wednesday.
The Dow traded up 3.45% to 43,678.43 while the NASDAQ rose 2.84% to 18,963.41. The S&amp;P 500 also rose, gaining, 2.44% to 5,923.85.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/11/41774936/how-to-earn-500-a-month-from-qualcomm-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Qualcomm Stock Ahead Of Q4 Earnings</a>
Leading and Lagging Sectors Financial shares surged by 5.9% on Tuesday.
In trading on Tuesday, real estate shares fell by 3.3%.
Top Headline
Johnson Controls International plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) reported better-than-expected earnings for its fourth quarter on Wednesday.
The company posted quarterly earnings of $1.28 per share which beat the analyst consensus estimate of $1.20 per share. The company reported quarterly sales of $7.39 billion which beat the analyst consensus estimate of $7.17 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Cytek Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTKB#NASDAQ">CTKB</a>) shares shot up 29% to $7.02 following upbeat quarterly results.</li>
<li>Shares of United Fire Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UFCS#NASDAQ">UFCS</a>) got a boost, surging 26% to $25.15 following upbeat quarterly earnings.</li>
<li>Treace Medical Concepts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMCI#NASDAQ">TMCI</a>) shares were also up, gaining 32% to $7.59 following strong quarterly results.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Sunnova Energy International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOVA#NYSE">NOVA</a>) shares dropped 49% to $3.5750. Shares of solar stocks traded lower following Donald Trump&#8217;s presidential election victory.</li>
<li>Shares of Zoomcar Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) were down 50% to $6.65 after the company announced the pricing of $9.15 million private placement.</li>
<li>PACS Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PACS#NYSE">PACS</a>) was down, falling 42% to $17.00 after the company announced postponement of third-quarter results and disclosure on civil investigative demands from the federal government.</li>
</ul>
Commodities In commodity news, oil traded up 0.1% to $72.05 while gold traded down 2.7% at $2,676.50.
Silver traded down 4.4% to $31.345 on Wednesday, while copper fell 5.2% to $4.2445.
Euro zone
European shares were lower today. The eurozone's STOXX 600 fell 0.54%, Germany's DAX dipped 1.13% and France's CAC 40 fell 0.51%. Spain's IBEX 35 Index fell 2.90%, while London's FTSE 100 fell 0.07%.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 gaining 2.61%, Hong Kong's Hang Seng Index falling 2.23%, China's Shanghai Composite Index falling 0.09% and India's BSE Sensex gaining 1.13%.
Economics
<ul>
<li>U.S. mortgage applications fell by 10.8% from the previous week in the week ended Nov. 1.</li>
<li>U.S. crude oil inventories increased by 2.149 million barrels in the week ended Nov. 1, compared to market estimates of a 1.8 million gain.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/11/41773566/wall-streets-most-accurate-analysts-give-their-take-on-3-health-care-stocks-with-over-3-dividend-yie">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Health Care Stocks With Over 3% Dividend Yields</a></li>
</ul>

Earnings

Equities

News

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

CTKB

NOVA

PACS

TMCI

UFCS

ZCAR

Nasdaq Surges Over 500 Points; Johnson Controls Earnings Top Views

Qualys, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QLYS#NASDAQ">QLYS</a>) reported better-than-expected third-quarter financial results and <a href="https://www.benzinga.com/quote/qlys/earnings">raised its FY24 guidance on Tuesday.</a>
Qualys reported quarterly earnings of $1.56 per share which beat the analyst consensus estimate of $1.33 per share. The company reported quarterly sales of $153.87 million which beat the analyst consensus estimate of $150.70 million.
&#8220;Q3 was another strong quarter of rapid innovation for Qualys, reflecting our ongoing commitment to technology leadership, cybersecurity transformation, and successful outcomes for customers,&#8221; said Sumedh Thakar, Qualys&#8217; president and CEO. &#8220;With the release of several new capabilities, including our Enterprise TruRisk Management solution, TruRisk Eliminate, and Qualys TotalAI we have further strengthened our strategic position as the partner of choice for customers looking to rearchitect and consolidate their security tools to solve modern security challenges while simplifying their operational defenses. We believe we can continue to grow long-term, maintain best-in-class profitability, and invest in key initiatives aimed at further extending the gap between Qualys and the competition.&#8221;
Qualys raised its 2024 adjusted EPS guidance from $5.46- $5.62 to $5.81 &#8211; $5.91 and also raised its revenue guidance from $597.5 million &#8211; $601.5 million to $602.9 million &#8211; $605.9 million.
Qualys shares gained 27.6% to trade at $163.64 on Wednesday.
These analysts made changes to their price targets on Qualys following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/601d45f8a6fe6f00011c3b3a/hamza-fodderwala">Morgan Stanley analyst Hamza Fodderwala</a> maintained Qualys with an Underweight and raised the price target from $123 to $126.</li>
<li>TD Cowen analyst Nick Yako maintained Qualys with a Hold and raised the price target from $130 to $150.</li>
<li>Truist Securities analyst Joel Fishbein maintained the stock with a Hold and increased the price target from $120 to $145.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5880b6f377f9dd00011b0ab2/matthew-hedberg">RBC Capital analyst Matthew Hedberg</a> maintained Qualys with a Sector Perform and raised the price target from $150 to $162.</li>
<li>Canaccord Genuity analyst Michael Walkley maintained the stock with a Buy and raised the price target from $160 to $170.</li>
<li>DA Davidson analyst Rudy Kessinger maintained Qualys with a Neutral and raised the price target from $120 to $147.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/628b9b6ac7fc1e0001c96d2e/joseph-gallo">Jefferies analyst Joseph Gallo</a> maintained the stock with a Hold and raised the price target from $135 to $155.</li>
<li>UBS analyst Roger Boyd maintained Qualys with a Neutral and raised the price target from $140 to $160.</li>
</ul>
Considering buying QLYS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="517" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06143114/image-63-1024x517.png" alt="" class="wp-image-633577" style="width:622px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06143114/image-63-1024x517.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06143114/image-63-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06143114/image-63-768x388.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06143114/image-63.png 1232w" 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>

Price Target

Analyst Ratings

QLYS

These Analysts Boost Their Forecasts On Qualys Following Upbeat Earnings

Ecolab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) has outperformed the market over the past 20 years by 1.92% on an annualized basis producing an average annual return of 10.26%. Currently, Ecolab has a market capitalization of $69.77 billion. 
Buying $100 In ECL: If an investor had bought $100 of ECL stock 20 years ago, it would be worth $704.81 today based on a price of $246.39 for ECL at the time of writing.
<h3>Ecolab's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730921641_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Ecolab 20 Years Ago Would Be Worth Today

Welltower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WELL#NYSE">WELL</a>) has outperformed the market over the past 15 years by 6.54% on an annualized basis producing an average annual return of 18.46%. Currently, Welltower has a market capitalization of $82.62 billion. 
Buying $100 In WELL: If an investor had bought $100 of WELL stock 15 years ago, it would be worth $1,217.25 today based on a price of $132.68 for WELL at the time of writing.
<h3>Welltower's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730921636_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

WELL

Here's How Much $100 Invested In Welltower 15 Years Ago Would Be Worth Today

WIIM

ALIT

BBSI

CRAI

ELWS

EXPO

HSII

HURN

INOD

KELYA

PAYC

PAYX

PCTY

TNET

Shares of professional service companies are trading higher after Donald Trump won the 2024 presidential election.

Valve Corporation has rolled out a new game recording feature on Steam, allowing players to easily capture, replay, and share gameplay directly from their PC or <a href="https://www.benzinga.com/general/gaming">Steam Deck. </a>
This built-in system, which has moved from beta testing to a full release, offers users streamlined tools to document and save their gaming moments without relying on external software, <a href="https://www.steamdeck.com/en/news">according</a> to a blog post.
<h3 class="wp-block-heading">New Recording Features On Steam</h3>
The game recording tool introduces a "Background Recording" mode, which automatically saves gameplay footage to the user's chosen storage drive while respecting set duration and storage limits.
See Also: <a href="https://www.benzinga.com/general/gaming/24/09/40986379/how-steam-reached-38-million-concurrent-players-a-new-milestone">How Steam Reached 38 Million Concurrent Players — A New Milestone</a>
For players who want more control, an "on-demand" option enables manual start and stop functionality, letting them record specific gameplay segments.
Another feature, called "Timeline," adds event markers to gameplay recordings, allowing users to quickly find key moments. For games with "Timeline-enhanced" capabilities, markers will automatically appear whenever significant events, such as Steam achievements or screenshots, occur. This makes it easier for players to organize and edit their gameplay clips before sharing them.
With this update, Steam Deck users now have a native option to record and share gameplay directly from the handheld device. 
This addition aligns with Valve's aim to position the Steam Deck as a versatile platform, providing users with more of the same features they might expect on a traditional gaming console.
Read Next: 
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<li><a href="https://www.benzinga.com/general/gaming/23/12/36224719/refrain-from-this-behaviour-valves-weird-advice-for-steam-deck-users">&#8216;Refrain From This Behaviour&#8217;: Valve&#8217;s Weird Advice For Steam Deck Users</a></li>
</ul>
Image credits: Shutterstock.

Gaming

General

Steam's Built-In Game Recording Now Available To All Users: What You Need To Know

Investors with a lot of money to spend have taken a bearish stance on Robinhood Markets (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</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 HOOD, 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 80 uncommon options trades for Robinhood Markets.
This isn't normal.
The overall sentiment of these big-money traders is split between 45% bullish and 46%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $116,988, and 78 are calls, for a total amount of $9,654,728.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $40.0 for Robinhood Markets over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Robinhood Markets's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Robinhood Markets's whale activity within a strike price range from $15.0 to $40.0 in the last 30 days. 
<h3>Robinhood Markets Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730921457_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$3.2</td>
<td>$3.15</td>
<td>$3.2</td>
<td>$26.00</td>
<td>$630.6K</td>
<td>12.1K</td>
<td>3.2K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$5.9</td>
<td>$5.8</td>
<td>$5.85</td>
<td>$27.00</td>
<td>$395.4K</td>
<td>9.7K</td>
<td>181</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$4.2</td>
<td>$4.15</td>
<td>$4.2</td>
<td>$28.00</td>
<td>$353.7K</td>
<td>6.4K</td>
<td>1.5K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.34</td>
<td>$2.32</td>
<td>$2.32</td>
<td>$30.00</td>
<td>$245.9K</td>
<td>19.7K</td>
<td>2.9K</td>
</tr>
<tr>
<td>HOOD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/08/24</td>
<td>$1.15</td>
<td>$1.11</td>
<td>$1.13</td>
<td>$29.00</td>
<td>$203.9K</td>
<td>1.2K</td>
<td>14.9K</td>
</tr>
</tbody>
</table>

<h3>About Robinhood Markets</h3>
Robinhood Markets Inc is creating a modern financial services platform. It designs its own products and services and delivers them through a single, app-based cloud platform supported by proprietary technology. Its vertically integrated platform has enabled the introduction of new products and services such as cryptocurrency trading, dividend reinvestment, fractional shares, recurring investments, and IPO Access. It earns transaction-based revenues from routing user orders for options, equities, and cryptocurrencies to market makers when a routed order is executed.
Having examined the options trading patterns of Robinhood Markets, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Robinhood Markets Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 37,009,495, the HOOD's price is up by 19.99%, now at $29.95. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 97 days.</li>
</ul>
<h3>Professional Analyst Ratings for Robinhood Markets</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $27.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Robinhood Markets, targeting a price of $26. 
&#x2A; An analyst from Piper Sandler has decided to maintain their Overweight rating on Robinhood Markets, which currently sits at a price target of $27. 
&#x2A; An analyst from Keybanc persists with their Overweight rating on Robinhood Markets, maintaining a target price of $30. 
&#x2A; An analyst from Piper Sandler has decided to maintain their Overweight rating on Robinhood Markets, which currently sits at a price target of $30. 
&#x2A; An analyst from Morgan Stanley persists with their Equal-Weight rating on Robinhood Markets, maintaining a target price of $22. 
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 Robinhood Markets options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

HOOD

Robinhood Markets Unusual Options Activity

BKNG

GBTG

JBLU

MESA

SAVE

TRIP

ULCC

Shares of travel and tourism-related stocks are trading higher. Market participants may be reacting to the US presidential election and its impact of consumer spending and the tourism industry.

Financial giants have made a conspicuous bearish move on Nike. Our analysis of options history for Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) revealed 20 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $590,170, and 8 were calls, valued at $1,126,865.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $87.5 for Nike over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Nike's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Nike's significant trades, within a strike price range of $50.0 to $87.5, over the past month.
<h3>Nike 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730921452_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>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/17/25</td>
<td>$4.25</td>
<td>$4.15</td>
<td>$4.2</td>
<td>$82.50</td>
<td>$630.0K</td>
<td>335</td>
<td>1.5K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$8.7</td>
<td>$8.5</td>
<td>$8.5</td>
<td>$75.00</td>
<td>$170.0K</td>
<td>1.6K</td>
<td>204</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$3.8</td>
<td>$3.55</td>
<td>$3.75</td>
<td>$55.00</td>
<td>$168.7K</td>
<td>1.5K</td>
<td>450</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.35</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$77.50</td>
<td>$110.4K</td>
<td>750</td>
<td>388</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$6.55</td>
<td>$6.5</td>
<td>$6.5</td>
<td>$70.00</td>
<td>$65.0K</td>
<td>15.4K</td>
<td>210</td>
</tr>
</tbody>
</table>

<h3>About Nike</h3>
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
<h3>Nike's Current Market Status</h3>
<ul>
<li>Trading volume stands at 6,915,870, with NKE's price down by -3.24%, positioned at $75.45.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 43 days.</li>
</ul>
<h3>What Analysts Are Saying About Nike</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $97.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from Truist Securities upgrades its rating to Buy with a revised price target of $97. 
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 Nike options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at Nike's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bullish stance on Affirm Holdings.
Looking at options history for Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) we detected 15 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $275,710 and 12, calls, for a total amount of $677,233.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $32.5 to $55.0 for Affirm Holdings during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Affirm Holdings's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Affirm Holdings's whale activity within a strike price range from $32.5 to $55.0 in the last 30 days. 
<h3>Affirm Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730921447_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AFRM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.65</td>
<td>$3.5</td>
<td>$3.65</td>
<td>$42.50</td>
<td>$182.5K</td>
<td>2.0K</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$55.00</td>
<td>$90.0K</td>
<td>2.4K</td>
<td style="text-align: right;">882</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.5</td>
<td>$4.45</td>
<td>$4.5</td>
<td>$55.00</td>
<td>$90.0K</td>
<td>2.4K</td>
<td style="text-align: right;">682</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$10.4</td>
<td>$10.3</td>
<td>$10.4</td>
<td>$50.00</td>
<td>$87.6K</td>
<td>570</td>
<td style="text-align: right;">85</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.5</td>
<td>$4.45</td>
<td>$4.45</td>
<td>$55.00</td>
<td>$71.2K</td>
<td>2.4K</td>
<td style="text-align: right;">442</td>
</tr>
</tbody>
</table>

<h3>About Affirm Holdings</h3>
Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a majority share of its revenue from the United States.
Having examined the options trading patterns of Affirm Holdings, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Affirm Holdings</h3>
<ul>
<li>Currently trading with a volume of 3,524,024, the AFRM's price is up by 7.13%, now at $48.85. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 1 days.</li>
</ul>
<h3>Expert Opinions on Affirm Holdings</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $51.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Morgan Stanley has elevated its stance to Equal-Weight, setting a new price target at $37. 
&#x2A; Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Affirm Holdings, targeting a price of $54. 
&#x2A; An analyst from Wells Fargo upgraded its action to Overweight with a price target of $52. 
&#x2A; In a positive move, an analyst from BTIG has upgraded their rating to Buy and adjusted the price target to $68. 
&#x2A; An analyst from Wedbush has elevated its stance to Neutral, setting a new price target at $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 Affirm Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

AFRM

Affirm Holdings Unusual Options Activity

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>
Image: Shutterstock

Technicals

Previews

Tech

FTNT

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.

Short Sellers

SPACE

Short Ideas

VSAT

'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.

Movers

LCID

RIVN

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: 
<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>

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

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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

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Hong Kong-listed stocks slide, yuan weakens as Trump's lead fuels China trade concerns

U.S. Dollar Soars And U.S. Rates Jump

Longer-Term Treasury Yields And Mortgage Rates Explode, Yield Curve Un-Inverts Further As Bond Market Gets Spooked

Comments

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