Universal Insurance Hldgs Azioni (NYSE: UVE)

Universal Insurance Hldgs (NYSE:UVE) Azioni

Universal Insurance Hldgs

UNIVERSAL INSURANCE HOLDINGS INC

AMEX

Universal Insurance Holdings Inc is a private personal residential homeowner insurance company. The company develops, markets, and underwrites insurance products for consumers predominantly in the personal residential homeowners' lines of business and performs substantially all other insurance-related services for its primary insurance entities, including risk management, claims management, and distribution. The company generates revenue from the collection of premiums, earned net interest and dividend income from the investment portfolio, the collection of reinsurance recoverable and financing fees. The company's primary insurance subsidiaries, (UPCIC) and (APPCIC) provide insurance for personal residential: homeowners, renters/tenants, condo unit owners, and other related coverages.

UNIVERSAL INSURANCE HOLDINGS INC Common Stock

Universal Insurance Holdings Inc

Universal Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) ("Universal" or the "Company") announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $20 million of its outstanding shares of common stock through May 1, 2027.
&nbsp;

News

Buybacks

Universal Insurance Holdings Board Authorizes $20M Share Repurchase Program

Earnings

Earnings Beats

Universal Insurance Hldgs Q1 Adj. EPS $1.44 Beats $1.26 Estimate, Sales $394.87M Beat $354.97M Estimate

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Earnings Scheduled For April 24, 2025

Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) is preparing to release its quarterly earnings on Thursday, 2025-04-24. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Universal Insurance Hldgs to report an earnings per share (EPS) of $1.12.
Universal Insurance Hldgs bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
In the previous earnings release, the company beat EPS by $0.16, leading to a 9.26% increase in the share price the following trading session.
Here's a look at Universal Insurance Hldgs's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.09</td>
<td>-0.96</td>
<td>1.15</td>
<td>1.04</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.25</td>
<td>-0.73</td>
<td>1.18</td>
<td>1.07</td>
</tr>
<tr>
<td>Price Change %</td>
<td>9.0%</td>
<td>-4.0%</td>
<td>-4.0%</td>
<td>-4.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1745434977_0.png" alt="eps graph" />
<h3>Performance of Universal Insurance Hldgs Shares</h3>
Shares of Universal Insurance Hldgs were trading at $23.38 as of April 22. Over the last 52-week period, shares are up 14.95%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/UVE/earnings">To track all earnings releases for Universal Insurance Hldgs visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Universal Insurance Hldgs's Earnings

The Company has agreed to pay certain fees and costs associated with the review to avoid costs of litigation.
The resolution is within an accrued amount established by the Company more than two years ago. As a result, there is no current or future financial impact to the Company or its subsidiaries.

Legal

Universal Insurance Reports Conclusion Of Claim Data Review Related To Hurricane Irma, Which Occurred In September 2017; Conclusion Includes State's Full And Final Dismissal Of Former Employee's Assertions

Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) reported quarterly earnings of $0.25 per share which beat the analyst consensus estimate of $0.09 by 177.78 percent. This is a 41.86 percent decrease over earnings of $0.43 per share from the same period last year. The company reported quarterly sales of $384.81 million which beat the analyst consensus estimate of $316.21 million by 21.69 percent. This is a 2.49 percent increase over sales of $375.46 million the same period last year.

Universal Insurance Hldgs Q4 Adj $0.25 Beats $0.09 Estimate, Sales $384.81M Beat $316.21M Estimate

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Earnings Scheduled For February 25, 2025

Universal Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) ("Universal" or the "Company") announced today that its Board of Directors has declared a regular quarterly cash dividend of 16 cents per share of common stock and a special cash dividend of 13 cents per share of common stock, together totaling 29 cents per share of common stock, both payable on December 13, 2024 to shareholders of record as of the close of business on December 6, 2024. Today's announcement brings total dividends declared in 2024 to 77 cents per share of common stock.

Dividends

Universal Insurance Announces Special Cash Dividend Of $0.13 Per Share Of Common Stock

Universal Insurance Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) reported quarterly losses of $(0.73) per share which beat the analyst consensus estimate of $(0.96) by 23.96 percent. This is a 356.25 percent decrease over losses of $(0.16) per share from the same period last year. The company reported quarterly sales of $387.554 million which beat the analyst consensus estimate of $341.980 million by 13.33 percent. This is a 7.64 percent increase over sales of $360.048 million the same period last year.

Universal Insurance Hldgs Q3 2024 Adj. EPS $(0.73) Beats $(0.96) Estimate, Sales $387.554M Beat $341.980M Estimate

U.S. stocks were lower, with the Dow Jones index falling around 100 points on Thursday.
Shares of LSB Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LXU#NYSE">LXU</a>) rose sharply during <a href="https://www.benzinga.com/quote/LXU/analyst-ratings">Thursday's session</a>.
UBS analyst Joshua Spector upgraded LSB Industries from Neutral to Buy and raised the price target from $9.5 to $11.
LSB Industries shares jumped 11.8% to $9.34 on Thursday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Standard Lithium Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLI#NYSE">SLI</a>) shares jumped 13.9% to $2.1750.</li>
<li>GXO Logistics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GXO#NYSE">GXO</a>) gained 13% to $57.47. On Wednesday, Citigroup analyst Ariel Rosa initiated coverage on GXO Logistics with a Buy rating and announced a price target of $60.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) gained 9.2% to $22.46.</li>
<li>Universal Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) rose 9% to $18.49.</li>
<li>Symbotic Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYM#NASDAQ">SYM</a>) gained 8% to $25.11. Symbotic announced an agreement to implement multiple industry-leading warehouse automation systems for Walmex and strategic international expansion in Mexico.</li>
<li>American Coastal Insurance Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACIC#NASDAQ">ACIC</a>) gained 7% to $10.03.</li>
<li>EVgo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) climbed 6.6% to $7.53. EVgo entered into new MoU with longtime technology partner Delta Electronics to jointly develop next-generation EV charging architecture.</li>
<li>Celsius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CELH#NASDAQ">CELH</a>) shares climbed 6.5% to $32.48.</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) gained 5.3% to $4.7900.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/10/41270889/this-nike-analyst-turns-bullish-here-are-top-5-upgrades-for-thursday">This Nike Analyst Turns Bullish; Here Are Top 5 Upgrades For Thursday</a></li>
</ul>

Intraday Update

Markets

Movers

Trading Ideas

ACIC

CELH

EVGO

LSB Industries, Symbotic And Other Big Stocks Moving Higher On Thursday

Shares of BloomZ Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMZ#NASDAQ">BLMZ</a>) rose sharply during today's pre-market trading after the company announced it was selected as the primary animation contractor for an <a href="https://www.benzinga.com/quote/BLMZ">upcoming project</a>.
BloomZ shares jumped 63.6% to $1.17 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) rose 58.2% to $0.4103 in pre-market trading after dipping 17% on Wednesday.</li>
<li>CN Energy Group. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNEY#NASDAQ">CNEY</a>) gained 35.7% to $0.7069 in pre-market trading after declining 16% on Wednesday.</li>
<li>Wheeler Real Estate Investment Trust, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WHLR#NASDAQ">WHLR</a>) shares rose 30.1% to $12.70 in pre-market trading after declining 5% on Wednesday.</li>
<li>Crown Electrokinetics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) shares gained 27.4% to $1.49 in pre-market trading..</li>
<li>Jet.AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JTAI#NASDAQ">JTAI</a>) shares surged 21.1% to $0.1121 in pre-market trading after gaining over 5% on Wednesday.</li>
<li>Fangdd Network Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares jumped 19.2% to $2.10 in pre-market trading after gaining around 6% on Wednesday.</li>
<li>Alset Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEI#NASDAQ">AEI</a>) gained 14.1% to $1.70 in pre-market trading.</li>
<li>Universal Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) rose 12.5% to $19.09 in pre-market trading after declining around 4% on Wednesday.</li>
<li>Standard Lithium Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLI#NASDAQ">SLI</a>) gained 8.9% to $2.08 in pre-market trading after surging over 10% on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Klotho Neurosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLTO#NASDAQ">KLTO</a>) shares dipped 33.9% to $0.3329 in pre-market trading after gaining around 4% on Wednesday.</li>
<li>10x Genomics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXG#NASDAQ">TXG</a>) shares declined 25.2% to $15.56 in pre-market trading as the company reported preliminary revenue of $151.7 million for the third quarter, down 1% year over year.</li>
<li>Mersana Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRSN#NASDAQ">MRSN</a>) fell 21.2% to $1.48 in today's pre-market trading after dipping more than 5% on Wednesday.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) shares fell 18.5% to $0.5790 in pre-market trading after dipping 21% on Wednesday.</li>
<li>Carmell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTCX#NASDAQ">CTCX</a>) fell 13.4% to $0.3716 in pre-market trading after gaining 27% on Wednesday.</li>
<li>Momentus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares declined 12.5% to $0.9262 in pre-market trading. Momentus shares surged 155% on Wednesday after the company announced a NASA contract to provide launch services for future agency missions.</li>
<li>Sacks Parente Golf, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPGC#NASDAQ">SPGC</a>) declined 12.5% to $1.60 in pre-market trading. Sacks Parente Golf shares dipped 50% on Wednesday after the company announced a $732K public offering of 366,000 shares of common stock for general corporate and working capital needs.</li>
<li>Nature&#8217;s Miracle Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) shares fell 12.3% to $0.1706 in pre-market trading.</li>
<li>TDH Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PETZ#NASDAQ">PETZ</a>) shares fell 8.9% to $1.33 after declining 7% on Wednesday</li>
<li>Arbor Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>) fell 5.5% to $14.31 in pre-market trading.</li>
</ul>
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BLMZ

CETX

CNEY

CRKN

CTCX

JTAI

KLTO

MNTS

MRSN

NMHI

PETZ

SPGC

TVGN

WHLR

Why BloomZ Shares Are Trading Higher By Around 64%; Here Are 20 Stocks Moving Premarket

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/10/2024-10-08_08h03_18.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Biggest Stock Moves Ahead</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-rising-yields-neutral-rate-tlt-mc-10082024">click here</a> for an enlarged chart of iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>).
Note the following:
<ul>
<li>TLT moves inverse to the yield. The higher the yield goes, the lower TLT falls.</li>
<li>The chart shows the move up in TLT in anticipation of Fed rate cuts.</li>
<li>The chart shows a breakout above the resistance zone.</li>
<li>The chart shows when the Fed cut rates.</li>
<li>The chart shows that the spot on Arora call was made on the same day that the Fed cut interest rates. The Arora call was made in advance of the Fed announcement, giving investors more time to act. The Arora call was that yields were likely to rise on long bonds, sending TLT lower. The Arora call was a contrary call squarely going against the prevailing wisdom at that time. At that time, the following described the landscape.
<ul>
<li>Technically oriented investors were buying TLT because of the technical breakout.</li>
<li>Macro investors were buying TLT because of the rate cut. Going into the Fed meeting the consensus was still a 25 bps cut, even though the idea of a 50 basis point rate cut was gaining steam.</li>
<li>The prevailing wisdom in the market was that TLT would go up.</li>
</ul>
</li>
<li>The chart shows that the breakout failed, and TLT has experienced a significant drop since the Arora call.</li>
<li>The chart shows that TLT is now getting closer to the top support zone.</li>
<li>The down move in TLT is remarkable because during this time, the money has been flowing into the safety of long Treasury bonds due to escalating conflict in the Middle East. In The Arora Report analysis, if it was not for the Middle East conflict escalation, TLT would have already fallen into the top support zone.</li>
<li>RSI on the chart shows that TLT is oversold. An oversold ETF often bounces.</li>
<li>In The Arora Report analysis, unless the economic data changes or a war breaks out, or the Fed changes its course, any rally in TLT has a 70% probability of failing. The reason behind this prediction is that irrespective of who is elected, Trump or Harris, the government's borrowing and spending is going to go up. Higher borrowing means a larger supply of Treasuries.  A larger supply of Treasuries indicates a higher yield on long bonds. If the U.S. has a divided government after the election, the borrowing will be less than it will be if either party sweeps. In the event of a one party sweep, TLT can potentially fall to the bottom support zone.</li>
<li>Investors should also pay attention to the10 year Treasury yield.  The 10 year Treasury yield is important because it is the reference rate for computing appropriate PE ratios in most models. In general, the rule is higher interest rates mean lower PE ratios. There are two reasons for this:
<ul>
<li>When interest rates are higher, the value of future earnings discounted to present is lower.</li>
<li>When bonds start paying higher interest rates, they offer more competition to stocks.</li>
</ul>
</li>
<li>The yield on 10 year Treasuries has risen from 3.68% on the day the Fed cut the interest rate to 4.031% as of this writing.</li>
<li>Contrary to expectations in the market, mortgage rates have also risen since the Fed rate cut.</li>
<li>Investors should also pay close attention to the neutral rate. The neutral rate is the Fed funds rate that is neither restrictive or expansionary.
<ul>
<li>In addition to the neutral rate, investors should also pay attention to the pace at which interest rates come down to the neutral rate.</li>
<li>The Fed is indicating that the neutral rate might be around 3.4% in 2025. Previously, the Fed was pointing to a long run neutral rate of 2.5%.</li>
<li>The prevailing wisdom in the market is that the neutral rate is in the range of 2.5% &#8211; 3.5%.</li>
</ul>
</li>
<li>Regarding the neutral rate, The Arora Report has another contrary call. Unless economic data substantially changes or geopolitical conditions substantially change, the likely neutral rate is higher than the market consensus. In The Arora Report analysis, the likely neutral rate is 3.25 &#8211; 4.25%. </li>
<li>The foregoing discussion on the long bond rate, 10 year rate, and neutral rate is very important because in view of The Arora Report analysis and contrary calls, earnings will have to be very robust for the stock market to advance from here and sustain at a higher level.</li>
<li>In The Arora Report analysis, implied volatility of options on popular individual stocks around earnings indicates that the biggest moves after earnings in recent years in individual stocks are ahead. This has two practical implications for investors:
<ul>
<li>This will provide more opportunities for prudent investors who are set up to systematically take advantage of volatility in a proven way instead of being afraid of volatility.</li>
<li>Some of the existing positions in portfolios may be hit hard. To balance it with stocks that move up significantly, it is important to make sure the portfolio is properly diversified.</li>
</ul>
</li>
<li>In The Arora Report analysis, prior to the jobs report, the probability of a 50 bps cut after the next Fed meeting was about 30%. Now, the probability has dropped to 5%.</li>
<li>Based on The Arora Report proprietary sentiment indicator, sentiment in the stock market is very positive.&nbsp; S&amp;P 500 at 6000 is the magnet for traders.&nbsp;&nbsp;</li>
<li>Based on The Arora Report's proprietary methodology, numerous short squeezes are taking place, adding to the upside moves in individual stocks.</li>
<li>There is renewed excitement in AI stocks. The main reason is that NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) AI Summit is taking place.</li>
<li>There is also buying ahead of Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) analyst meeting about AI on October 10.&nbsp; Hewlett Packard Enterprise Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) will also highlight its progress on AI during its analyst day on October 10.</li>
<li>Adding to excitement in the stock market is the upcoming Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) robotaxi event on October 10.</li>
<li>Consumer Price Index (CPI) will be released on October 10. Headline CPI consensus is 0.1%.  Core CPI consensus is 0.2%.</li>
<li>Hurricane Milton is barreling towards Florida.&nbsp; Insurance stocks such as Universal Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>), Heritage Insurance Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>), and HCI Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCI#NYSE">HCI</a>) are seeing selling pressure.&nbsp; Generator manufacturer Generac Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) is seeing buying pressure, so are roofing stocks such as Beacon Roofing Supply Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BECN#NASDAQ">BECN</a>) and Owens Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OC#NYSE">OC</a>).</li>
<li>Volatility index (VIX) continues to stay high on anxiety about the Middle East. VIX is elevated at 22 as of this writing.</li>
<li>As an actionable item, the sum total of the foregoing is in the protection band, which strikes the optimum balance between various crosscurrents. &nbsp; Please scroll down to see the protection band. The protection band is one of the large number of unique edges that are available to members of The Arora Report.</li>
</ul>
<h3 class="wp-block-heading">China Disappoints</h3>
We have been sharing with you day by day the epic rally in Chinese stocks and the reasons behind it. Today, at the beginning, hopes were high as Mainland China investors returned after a one week holiday.  Mainland benchmark stock index CSI 300 jumped 11% at the open but subsequently lost some of the gains, finishing up 5.9%.  In spite of the pullback, CSI 300 is up about 30% over the last month.
In Hong Kong, Hang Seng lost 9.41%. This is the biggest drop since the 2008 financial crisis. Stocks in Hong Kong were trading during the mainland holiday. The reason for the disappointment is that investors were counting on the National Development and Reform Commission (NDRC) to offer concrete stimulus measures at a briefing. However, the chair of NDRC Zheng Shanjie did not offer new concrete stimulus steps. This disappointed traders.
As full disclosure, for those who understand the China risk, The Arora Report&#8217;s plan continues to be to buy Mainland China ETF Xtrackers Hvst CSI 300 China A Shs ETF Class A (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASHR#NYSE">ASHR</a>) and Hong Kong ETF iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) when they fall in the recently updated buy zones in The Arora Report&#8217;s ZYX Emerging.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), NVDA, and TSLA.
In the early trade, money flows are neutral in Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.  If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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iShares Trust Barclays 20+ Year Treasury Bond Fund

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Rising Yields And Higher Neutral Rate May Spoil The Party, Biggest Stock Moves In Years Ahead

U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite falling more than 150 points on Monday.
The Dow traded down 0.97% to 41,940.43 while the NASDAQ fell 0.89% to 17,976.85. The S&amp;P 500 also fell, dropping, 0.77% to 5,707.03.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41206375/jim-cramer-ast-spacemobile-is-just-too-hot-recommends-buying-this-tech-stock">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a>
Leading and Lagging Sectors Energy shares jumped by 0.6% on Monday.
In trading on Monday, utilities shares dipped by 1.7%.
Top Headline
AstraZeneca plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) entered into an exclusive license agreement with Hong Kong-based CSPC Pharmaceutical Group Ltd to advance the development of an early-stage, novel small-molecule lipoprotein (a) (Lp(a)) disruptor that has the potential to offer additional benefits for patients with dyslipidemia.
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>Scholar Rock Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) shares shot up 328% to $31.73 after the company announced topline results from the Phase 3 SAPPHIRE clinical trial evaluating the efficacy and safety of apitegromab in patients with SMA. The study achieved its primary endpoint.</li>
<li>Shares of Arcadium Lithium PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) got a boost, surging 32% to $4.06 after the company announced that it has been approached by Rio Tinto regarding a potential acquisition.</li>
<li>Duckhorn Portfolio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAPA#NASDAQ">NAPA</a>) shares were also up, gaining 104% to $10.99 after the company reported better-than-expected fourth-quarter financial results. Also, the company announced it into a definitive agreement to be acquired by private equity funds managed by Butterfly Equity.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Trevena, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVN#NASDAQ">TRVN</a>) shares dropped 46% to $2.50 after the company announced it received a Nasdaq delisting notification.</li>
<li>Shares of Heritage Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) were down 25% to $9.09.</li>
<li>Universal Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) was down, falling 19% to $17.12.</li>
</ul>
Commodities In commodity news, oil traded up 3.6% to $77.02 while gold traded down 0.1% at $2,666.10.
Silver traded down 1.1% to $32.035 on Monday, while copper fell 0.2% to $4.5635.
Euro zone
European shares closed mostly higher today. The eurozone's STOXX 600 rose 0.18%, Germany's DAX fell 0.09% and France's CAC 40 climbed 0.46%. Spain's IBEX 35 Index rose 0.50%, while London's FTSE 100 rose 0.28%.
Retail sales in the Eurozone rose 0.2% month-over-month in August compared to a revised flat reading in the previous month. The Halifax House Price Index in the UK rose 4.7% year-over-year in September compared to a 4.3% gain in August. Factory orders in Germany declined by 5.8% month-over-month in August.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 gaining 1.80%, Hong Kong's Hang Seng Index gaining 1.60% and India's BSE Sensex dipping 0.78%.
Foreign exchange reserves in Singapore fell to SGD 499.7 billion in September compared to SGD 501.3 billion a month ago. The index of leading economic indicators in Japan fell to 106.7 in August versus a final reading of 109.3 in the prior month, while index of coincident economic indicators declined to 113.5 in August compared to a final reading of 117.2 month ago.
Economics
Data on consumer credit for August will be released today.
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41205686/how-to-earn-500-a-month-from-pepsico-stock-ahead-of-q3-earnings">How To Earn $500 A Month From PepsiCo Stock Ahead Of Q3 Earnings</a></li>
</ul>
<a href="https://www.benzinga.com/news/earnings/24/10/41205686/how-to-earn-500-a-month-from-pepsico-stock-ahead-of-q3-earnings">&nbsp;</a>

Equities

Eurozone

Commodities

ALTM

NAPA

SRRK

TRVN

Dow Tumbles Over 400 Points; Duckhorn Portfolio Shares Surge

WIIM

ACGL

CINF

PLMR

SPNT

Shares of insurance companies are trading lower while Floridians experience evacuation orders as Category 5 Hurricane Milton approaches the state. The region is still recovering from damage due to Hurricane Helene.

U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 200 points on Monday.
The Dow traded down 0.49% to 42,146.78 while the NASDAQ fell 0.36% to 18,073.37. The S&amp;P 500 also fell, dropping, 0.32% to 5,732.84.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41206375/jim-cramer-ast-spacemobile-is-just-too-hot-recommends-buying-this-tech-stock">Jim Cramer: AST SpaceMobile Is &#8216;Just Too Hot,&#8217; Recommends Buying This Tech Stock</a>
Leading and Lagging Sectors Energy shares jumped by 0.5% on Monday.
In trading on Monday, consumer discretionary shares dipped by 1.3%.
Top Headline
AstraZeneca plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) entered into an exclusive license agreement with Hong Kong-based CSPC Pharmaceutical Group Ltd to advance the development of an early-stage, novel small-molecule lipoprotein (a) (Lp(a)) disruptor that has the potential to offer additional benefits for patients with dyslipidemia.
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>Scholar Rock Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) shares shot up 310% to $30.44 after the company announced topline results from the Phase 3 SAPPHIRE clinical trial evaluating the efficacy and safety of apitegromab in patients with SMA. The study achieved its primary endpoint.</li>
<li>Shares of Arcadium Lithium PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) got a boost, surging 41% to $4.34 after the company announced that it has been approached by Rio Tinto regarding a potential acquisition.</li>
<li>Duckhorn Portfolio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAPA#NASDAQ">NAPA</a>) shares were also up, gaining 102% to $10.88 fter the company reported better-than-expected fourth-quarter financial results. Also, the company announced it into a definitive agreement to be acquired by private equity funds managed by Butterfly Equity.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Trevena, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRVN#NASDAQ">TRVN</a>) shares dropped 48% to $2.4192 after the company announced it received a Nasdaq delisting notification.</li>
<li>Shares of Heritage Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) were down 21% to $9.65.</li>
<li>Universal Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UVE#NYSE">UVE</a>) was down, falling 18% to $17.12.</li>
</ul>
Commodities In commodity news, oil traded up 3.4% to $76.99 while gold traded down 0.2% at $2,662.50.
Silver traded down 1.1% to $32.025 on Monday, while copper fell 0.5% to $4.5535.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 rose 0.26%, Germany's DAX fell 0.09% and France's CAC 40 climbed 0.48%. Spain's IBEX 35 Index rose 0.80%, while London's FTSE 100 rose 0.46%.
Retail sales in the Eurozone rose 0.2% month-over-month in August compared to a revised flat reading in the previous month. The Halifax House Price Index in the UK rose 4.7% year-over-year in September compared to a 4.3% gain in August. Factory orders in Germany declined by 5.8% month-over-month in August.
Asia Pacific Markets
Asian markets closed mixed on Monday, with Japan's Nikkei 225 gaining 1.80%, Hong Kong's Hang Seng Index gaining 1.60% and India's BSE Sensex dipping 0.78%.
Foreign exchange reserves in Singapore fell to SGD 499.7 billion in September compared to SGD 501.3 billion a month ago. The index of leading economic indicators in Japan fell to 106.7 in August versus a final reading of 109.3 in the prior month, while index of coincident economic indicators declined to 113.5 in August compared to a final reading of 117.2 month ago.
Economics
Data on consumer credit for August will be released today.
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41205686/how-to-earn-500-a-month-from-pepsico-stock-ahead-of-q3-earnings">How To Earn $500 A Month From PepsiCo Stock Ahead Of Q3 Earnings</a></li>
</ul>
<a href="https://www.benzinga.com/news/earnings/24/10/41205686/how-to-earn-500-a-month-from-pepsico-stock-ahead-of-q3-earnings">&nbsp;</a>

Crude Oil Gains Over 3%; Scholar Rock Shares Spike Higher

ProAssurance Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pra#NYSE">PRA</a>) is set to report its second-quarter 2024 results on Aug 8, after the closing bell.
The Zacks Consensus Estimate for second-quarter earnings is currently pegged at 8 cents per share, implying a decline of 50% from the year-ago reported number. The estimate remained stable over the past month. The Zacks Consensus Estimate for second-quarter revenues is currently pegged at almost $273.7 million, suggesting a 3.1% fall from the year-ago actuals.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b7/73610.jpg?v=1011417650" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
ProAssurance beat the consensus estimate for earnings in two of the trailing four quarters and missed twice, with the average surprise being negative 42.9%, as you can see below.
<div class="chart_embed">
<h3>ProAssurance Corporation Price and EPS Surprise</h3>
<img alt="ProAssurance Corporation Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/76/1723034329.png" style="border-style:solid; border-width:1px; height:310px; width:600px" title="" />
ProAssurance Corporation price-eps-surprise | ProAssurance Corporation Quote
</div>
<h3>Q2 Earnings Whispers</h3>
Our proven model does not conclusively predict an earnings beat for ProAssurance this time around. The combination of a positive&nbsp;Earnings ESP&nbsp;and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. That is not the case here, as you will see below.
Earnings ESP: The company has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate currently stands at 8 cents per share, in line with the Zacks Consensus Estimate.
Zacks Rank: ProAssurance currently carries a Zacks Rank #3.
Now, let&#39;s see how things have shaped up before the second-quarter earnings announcement.
<h3>Q2 Key Predictions</h3>
ProAssurance&#39;s second-quarter results are expected to have been affected by lower premiums, weaker contributions from the segments and deteriorating ratios. The negatives are likely to have been partially offset by growth in investment income.
The Zacks Consensus Estimate for net premiums earned indicates a 5.2% year-over-year decline, whereas our estimate suggests a 6.1% fall. The consensus mark for Specialty P&amp;C Segment&#39;s operating loss is pegged at $14.3 million, while our model estimate stands at a loss of $12.9 million.
Similarly, the consensus estimate for Workers&#39; Compensation operating loss is pegged at $6.4 million, wider than the year-ago level of $2.5 million. Also, the consensus estimate and our model estimate for Segregated Portfolio Cell Reinsurance&#39;s profits indicate around 36% year-over-year fall. The renewal rate is expected to have declined in the second quarter.
The consensus mark for the combined ratio is pegged at 112.35%, while our estimate suggests 112.37% compared with the year-ago level of 108.20%. A higher combined ratio suggests that the company has less premium left after claim settlements.
The consensus mark for the underwriting expense ratio is pegged at 31.62%, while our estimate stands at 31.91% compared with the year-ago level of 31.10%. These factors are expected to have positioned the company for a year-over-year decline in profits, making an earnings beat uncertain.
Nevertheless, higher investment income due to the high-interest rate environment is likely to have provided some breathing room. The Zacks Consensus Estimate for net investment income indicates an 8.9% year-over-year increase, while our estimate suggests 8.1% growth.
<h3>Price Performance</h3>
ProAssurance&#39;sstock has lost 16.2% year to date, against the industry&#39;s rally of 17.3%. The S&amp;P 500 Index registered a 10% gain during this time. In comparison, its peers like Universal Insurance Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uve#NYSE">UVE</a>) and Ambac Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ambc#NYSE">AMBC</a>) increased 16.9% and decreased 36.9%, respectively, during the same period.
<h3>YTD Price Performance</h3>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/d5/73611.jpg?v=1673120884" style="border-style:solid; border-width:1px; height:310px; width:600px" />
Image Source: Zacks Investment Research
<h3>What Should Investors Do Now?</h3>
Given ProAssurance&#39;s cost-control and inorganic growth efforts and rising investment income, current investors may consider holding onto the stock and closely monitoring the upcoming earnings results. The decline in stock price has improved its valuation as compared with the industry average. However, it faces several challenges, including increasing competition, an anticipated decline in premiums and profits and a high leverage ratio. These headwinds suggest that new investors might want to wait and observe how the company navigates these challenges before making any investment decisions.
<a href="https://www.zacks.com/stock/news/2318163/proassurance-pra-q2-earnings-profit-climb-or-slippery-slope?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2318163">To read this article on Zacks.com click here.</a>

ProAssurance Q2 Earnings: Profit Climb or Slippery Slope?

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