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

Waste Management (NYSE:WM) Azioni, Catena delle Opzioni

Waste Management

WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 263 active landfills and about 332 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.

Waste Management Inc

SPDR MSCI MTRL ETF

Williams Companies, Inc. (The) Common Stock

Williams Companies Inc

Sichuan Wanma Benteng Technology Co Ltd

WILLIAMS ORD

Western Asset Mortgage Capital Corp Com

WMD HOLDINGS GROUP INC by WMD Holdings Group, Inc.

WMD Holdings Group Inc

WESTMOUNT ENERGY LTD ORD by Westmount Energy Ltd.

Westmount Energy Ltd

Warner Music Group Corp. - Class A Common Stock

Warner Music Group Corp

WRIGHT MEDICAL GROUP ORD

WELLNESS MATRIX GRP INC by Wellness Matrix Group, Inc.

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WISDOMTREE MEGATRENDS USD ACC ETF

Wilmington PLC

Weis Markets Inc

WISDOM MARINE REG S GDR

WEALTH MINERALS LTD by Wealth Minerals Ltd.

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WOOMERA MNG LTD by WOOMERA MNG LTD.

WAM MICROCAP LTD by WAM MICROCAP LTD

WALMART DE MEX SAB CV ORD by Wal-Mart De Mexico S.A.B. de C.V.

Wal - Mart de Mexico SAB de CV

WAL-MART DE MEX V S/ADR by Wal-Mart De Mexico S.A.B. de C.V.

ASTON MINERALS LTD by ASTON MINERALS LTD.

Aston Minerals Ltd

William Penn Bancorporation - Common Stock

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Advanced Drainage Systems, Inc. Common Stock

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ADVANCED DRAINAGE SYSTEMS ORD

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World Mobile Token

BNPP WORLD ESG ETF

WESTMOUNTAIN GOLD by Westmountain Gold, Inc.

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Chewy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) stock picked up momentum on Monday. The company announced Friday that it would replace Stericycle Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRCL#NASDAQ">SRCL</a>) in the S&amp;P MidCap 400, effective before the opening of <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41697830/chewy-set-to-join-s-p-midcap-400" rel="noreferrer noopener">trading on&nbsp;Wednesday, November 6</a>.
S&amp;P 500&#8217;s Waste Management Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) will acquire Stericycle in a deal, pending final closing conditions.
Goldman Sachs <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41402089/goldman-sachs-highlights-20-top-short-squeeze-opportunities-for-q3-earnings-season" rel="noreferrer noopener">has pinpointed 20 stocks</a>, including Chewy, with high short interest that could be poised for a short squeeze if upcoming earnings surpass expectations, presenting trading opportunities.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/09/41100310/chewy-insider-penalized-by-sec-for-trading-on-confidential-pet-insurance-deal-info" rel="noreferrer noopener">Chewy Insider Penalized by SEC for Trading on Confidential Pet Insurance Deal Info</a>
Analyst John Marshall and his team noted that continued short-covering could drive substantial gains for these stocks. Goldman&#8217;s analysts also mentioned that heavily shorted stocks frequently experience &#8220;relief rallies&#8221; around earnings, where better-than-expected results boost share prices by easing bearish sentiment.
In October, meme stock trader Keith Gill, also known as &#8220;Roaring Kitty,&#8221; exited his position in the <a target="_blank" href="https://www.benzinga.com/news/24/10/41614177/roaring-kitty-puts-chewy-stock-in-the-litter-box-gamestop-shares-move-higher-after-hours" rel="noreferrer noopener">online pet retailer</a>. According to the <a target="_blank" href="https://www.sec.gov/Archives/edgar/data/1871280/000110465924112245/tm2427027d1_sc13ga.htm" rel="noreferrer noopener">13G filing</a> with the SEC, Gill sold his entire stake in Chewy. The filing indicates Gill had a 0% stake in the pet retailer as of September 30.
Chewy reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40599759/pet-supply-retailer-chewys-q2-earnings-profit-edges-out-expectation-sales-per-active-customer-hits-" rel="noreferrer noopener">second-quarter sales</a> of $2.86 billion, up 2.6%, versus the consensus of $2.86 billion and the management guidance&nbsp;of $2.84 billion–$2.86 billion.
Net Sales Per Active Customer increased 6.2% to $565. Chewy&nbsp;forecasts&nbsp;third-quarter sales of $2.84 billion–$2.86 billion, up by 3%-4% versus the consensus of $2.87 billion.
Chewy&nbsp;stock gained over 21% year-to-date. Investors can gain exposure to the stock through Amplify Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBUY#NYSE">IBUY</a>) and ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>)
Price Action: CHWY stock is up 5.90% at $28.72 premarket at last check Monday.
Also Read:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41692232/ubers-q3-review-analysts-see-opportunity-amid-growth-slowdown-strong-margins-and-ex" target="_blank" rel="noreferrer noopener">Uber&#8217;s Q3 Review: Analysts See Opportunity Amid Growth Slowdown, Strong Margins, And Expanding Autonomous Vehicle Partnerships</a></li>
</ul>
Image via Chewy

News

Movers

CHWY

IBUY

ONLN

SRCL

Roaring Kitty Stock Chewy Set to Join S&P MidCap 400 Index, Will Replace Stericycle

With U.S. stock futures trading mixed this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) to report quarterly earnings at $2.64 per share on revenue of $5.71 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Constellation Energy shares fell 5.5% to $243.99 in after-hours trading.</li>
<li>Analysts expect Marriott International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>) to post quarterly earnings at $2.31 per share on revenue of $6.27 billion. The company will release earnings before the markets open. Marriott shares gained 0.5% to $261.75 in after-hours trading.</li>
<li>Chewy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHWY#NYSE">CHWY</a>) will replace Stericycle Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRCL#NASDAQ">SRCL</a>) in the S&amp;P MidCap 400 before the opening bell on Wednesday, Nov. 6. Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) is acquiring Stericycle in a transaction expected to be completed soon. Chewy shares surged 5.1% to $28.51 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the markets close, Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) is projected to report quarterly earnings at $1.01 per share on revenue of $1.73 billion. Wynn Resorts shares gained 0.2% to $95.87 in the after-hours trading session.</li>
<li>Analysts expect Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) to report quarterly earnings at $2.85 per share on revenue of $2.7 billion after the closing bell. Celanese shares gained 1.5% to $126.70 in after-hours trading.</li>
</ul>
Check This Out:
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<li><a href="https://www.benzinga.com/news/24/11/41685620/top-3-energy-stocks-that-are-preparing-to-pump-in-november">Top 3 Energy Stocks That Are Preparing To Pump In November</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

Markets

Trading Ideas

WYNN

Marriott, Constellation Energy And 3 Stocks To Watch Heading Into Monday

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$41.5K</td>
<td>18.8K</td>
<td>11.7K</td>
</tr>
<tr>
<td>SMR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$22.00</td>
<td>$180.0K</td>
<td>10.4K</td>
<td>9.7K</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$190.00</td>
<td>$115.9K</td>
<td>5.5K</td>
<td>2.8K</td>
</tr>
<tr>
<td>PWR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$310.00</td>
<td>$139.0K</td>
<td>299</td>
<td>228</td>
</tr>
<tr>
<td>WM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$210.00</td>
<td>$30.0K</td>
<td>398</td>
<td>144</td>
</tr>
<tr>
<td>AGCO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$100.00</td>
<td>$35.8K</td>
<td>58</td>
<td>127</td>
</tr>
<tr>
<td>LUNR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.50</td>
<td>$42.0K</td>
<td>2.4K</td>
<td>85</td>
</tr>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$90.00</td>
<td>$37.1K</td>
<td>473</td>
<td>83</td>
</tr>
<tr>
<td>CAT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$360.00</td>
<td>$56.4K</td>
<td>909</td>
<td>82</td>
</tr>
<tr>
<td>HON</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$210.00</td>
<td>$58.2K</td>
<td>182</td>
<td>51</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding DAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), we observe a call option sweep with bearish sentiment. It expires in 77 day(s) on January 17, 2025. Parties traded 101 contract(s) at a $60.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $41.5K, with a price of $410.0 per contract. There were 18817 open contracts at this strike prior to today, and today 11725 contract(s) were bought and sold. 
• For SMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on November 15, 2024. This event was a transfer of 2000 contract(s) at a $22.00 strike. The total cost received by the writing party (or parties) was $180.0K, with a price of $90.0 per contract. There were 10432 open contracts at this strike prior to today, and today 9795 contract(s) were bought and sold. 
• Regarding GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we observe a put option sweep with bearish sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 68 contract(s) at a $190.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $115.9K, with a price of $1705.0 per contract. There were 5528 open contracts at this strike prior to today, and today 2841 contract(s) were bought and sold. 
• For PWR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>), we notice a put option sweep that happens to be bearish, expiring in 14 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $310.00 strike. This particular put needed to be split into 24 different trades to become filled. The total cost received by the writing party (or parties) was $139.0K, with a price of $1390.0 per contract. There were 299 open contracts at this strike prior to today, and today 228 contract(s) were bought and sold. 
• Regarding WM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), we observe a call option trade with bearish sentiment. It expires in 14 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $600.0 per contract. There were 398 open contracts at this strike prior to today, and today 144 contract(s) were bought and sold. 
• Regarding AGCO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>), we observe a put option trade with bullish sentiment. It expires in 112 day(s) on February 21, 2025. Parties traded 46 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $35.8K, with a price of $780.0 per contract. There were 58 open contracts at this strike prior to today, and today 127 contract(s) were bought and sold. 
• Regarding LUNR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>), we observe a call option trade with bearish sentiment. It expires in 441 day(s) on January 16, 2026. Parties traded 75 contract(s) at a $2.50 strike. The total cost received by the writing party (or parties) was $42.0K, with a price of $560.0 per contract. There were 2463 open contracts at this strike prior to today, and today 85 contract(s) were bought and sold. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a call option trade that happens to be bullish, expiring in 287 day(s) on August 15, 2025. This event was a transfer of 75 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $37.1K, with a price of $495.0 per contract. There were 473 open contracts at this strike prior to today, and today 83 contract(s) were bought and sold. 
• For CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we notice a call option trade that happens to be bearish, expiring in 14 day(s) on November 15, 2024. This event was a transfer of 23 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $56.4K, with a price of $2455.0 per contract. There were 909 open contracts at this strike prior to today, and today 82 contract(s) were bought and sold. 
• For HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we notice a put option trade that happens to be bullish, expiring in 441 day(s) on January 16, 2026. This event was a transfer of 32 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $58.2K, with a price of $1820.0 per contract. There were 182 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AGCO

LUNR

UBER

10 Industrials Stocks With Whale Alerts In Today's Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>TD Cowen raised Hub Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUBG#NASDAQ">HUBG</a>) price target from $43 to $49. TD Cowen analyst Jason Seidl maintained a Hold rating. Hub Group shares closed at $43.75 on Wednesday. <a href="https://www.benzinga.com/quote/HUBG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays raised the price target for Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) from $76 to $95. Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating. Brinker shares closed at $104.25 on Wednesday. <a href="https://www.benzinga.com/quote/EAT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan cut the price target for Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) from $470 to $465. JP Morgan analyst Mark Murphy maintained an Overweight rating. Microsoft shares closed at $432.53 on Wednesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Oppenheimer increased XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) price target from $140 to $148. Oppenheimer analyst Scott Schneeberger maintained an Outperform rating. XPO shares settled at $133.99 on Wednesday. <a href="https://www.benzinga.com/quote/XPO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies cut The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) price target from $163 to $161. Jefferies analyst Rob Dickerson maintained an Underperform rating. Hershey shares closed at $177.50 on Wednesday. <a href="https://www.benzinga.com/quote/HSY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Mizuho raised Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) price target from $160 to $178. Mizuho analyst Dan Dolev maintained an Underperform rating. Coinbase shares closed at $211.74 on Wednesday. <a href="https://www.benzinga.com/quote/COIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Compass Point cut the price target for Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) from $18 to $13. Compass Point analyst Chase White maintained a Buy rating. Riot Platforms shares settled at $10.48 on Wednesday. <a href="https://www.benzinga.com/quote/RIOT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Argus Research raised Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) price target from $230 to $240. Argus Research analyst David Coleman maintained a Buy rating. Waste Management shares closed at $214.82 on Wednesday. <a href="https://www.benzinga.com/quote/WM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Craig-Hallum increased the price target for Alkami Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALKT#NASDAQ">ALKT</a>) from $38 to $45. Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating. Alkami Technology shares closed at $38.18 on Wednesday. <a href="https://www.benzinga.com/quote/ALKT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho boosted Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) price target from $650 to $675. Mizuho analyst James Lee maintained an Outperform rating. Meta shares closed at $591.80 on Wednesday. <a href="https://www.benzinga.com/quote/META/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/24/10/41654255/wall-streets-most-accurate-analysts-weigh-in-on-3-energy-stocks-with-over-8-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Energy Stocks With Over 8% Dividend Yields</a></li>
</ul>

Price Target

Analyst Ratings

ALKT

COIN

HUBG

MSFT

RIOT

Meta Platforms To Rally Around 33%? Here Are 10 Top Analyst Forecasts For Thursday

Argus Research analyst David Coleman maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Buy and raises the price target from $230 to $240.

Argus Research Maintains Buy on Waste Management, Raises Price Target to $240

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Barclays cut Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) price target from $120 to $90. Barclays analyst Tom O&#8217;Malley maintained an Equal-Weight rating. Qorvo shares closed at $100.48 on Tuesday. See how other analysts view this stock.</li>
<li>B of A Securities raised the price target for Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) from $13 to $14. B of A Securities analyst Justin Post maintained a Neutral rating. Snap shares closed at $10.89 on Tuesday. <a href="https://www.benzinga.com/quote/SNAP/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley raised the price target for Zebra Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZBRA#NASDAQ">ZBRA</a>) from $290 to $305. Morgan Stanley analyst Meta Marshall maintained an Underweight rating. Zebra Technologies shares closed at $384.68 on Tuesday. <a href="https://www.benzinga.com/quote/ZBRA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Northland Capital Markets slashed Transcat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNS#NASDAQ">TRNS</a>) price target from $130 to $110. Northland Capital Markets analyst Ted Jackson maintained a Market Perform rating. Transcat shares settled at $99.45 on Tuesday. <a href="https://www.benzinga.com/quote/TRNS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. cut Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) price target from $66 to $65. Stephens &amp; Co. analyst Jim Salera maintained an Equal-Weight rating. Chipotle shares closed at $60.49 on Tuesday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) price target from $220 to $175. Jefferies analyst Ashley Helgans maintained a Buy rating. e.l.f. Beauty shares closed at $113.27 on Tuesday. <a href="https://www.benzinga.com/quote/ELF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>CIBC boosted the price target for Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) from $213 to $228. CIBC analyst Kevin Chiang maintained a Neutral rating. Planet Fitness shares settled at $219.11 on Tuesday. <a href="https://www.benzinga.com/quote/WM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity raised PayPal Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) price target from $80 to $96. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. PayPal shares closed at $80.28 on Tuesday. <a href="https://www.benzinga.com/quote/PYPL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Roth MKM increased the price target for Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) from $154 to $158. Roth MKM analyst Eric Handler maintained a Neutral rating. Electronic Arts shares closed at $145.62 on Tuesday. <a href="https://www.benzinga.com/quote/EA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities boosted Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) price target from $220 to $225. Truist Securities analyst Youssef Squali maintained a Buy rating. Alphabet shares closed at $169.68 on Tuesday. <a href="https://www.benzinga.com/quote/GOOG/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying GOOG stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="560" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-1024x560.png" alt="" class="wp-image-622467" style="width:607px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-1024x560.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313-768x420.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/30140958/image-313.png 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/10/41599928/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-for-october">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio For October</a></li>
</ul>

GOOG

GOOGL

PYPL

QRVO

SNAP

TRNS

ZBRA

Alphabet To Rally Around 33%? Here Are 10 Top Analyst Forecasts For Wednesday

Morgan Stanley analyst Jeffrey Goldstein maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Equal-Weight and raises the price target from $214 to $227.

Morgan Stanley Maintains Equal-Weight on Waste Management, Raises Price Target to $227

CIBC analyst Kevin Chiang maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Neutral and raises the price target from $213 to $228.

CIBC Maintains Neutral on Waste Management, Raises Price Target to $228

RBC Capital analyst Sabahat Khan maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Sector Perform and raises the price target from $204 to $220.

RBC Capital Maintains Sector Perform on Waste Management, Raises Price Target to $220

Oppenheimer analyst Noah Kaye maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Outperform and raises the price target from $224 to $230.

Oppenheimer Maintains Outperform on Waste Management, Raises Price Target to $230

JP Morgan analyst Stephanie Yee maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Neutral and raises the price target from $213 to $219.

JP Morgan Maintains Neutral on Waste Management, Raises Price Target to $219

Truist Securities analyst Tobey Sommer maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Buy and raises the price target from $235 to $250.

Truist Securities Maintains Buy on Waste Management, Raises Price Target to $250

Waste Management's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) short percent of float has fallen 6.1% since its last report. The company recently reported that it has 3.09 million shares sold short, which is 0.77% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Waste Management Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1730297718_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Waste Management has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Waste Management's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Waste Management's peer group average for short interest as a percentage of float is 3.46%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Waste Management?

UBS analyst Jon Windham maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Neutral and raises the price target from $220 to $226.

UBS Maintains Neutral on Waste Management, Raises Price Target to $226

BMO Capital analyst Devin Dodge maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Market Perform and raises the price target from $213 to $220.

BMO Capital Maintains Market Perform on Waste Management, Raises Price Target to $220

WIIM

Waste Management shares are trading higher after the company reported better-than-expected Q3 financial results and

KEY HIGHLIGHTS FOR THE THIRD QUARTER OF 2024
<ul>
<li>Total Company revenue grew 7.9% driven by core price of 6.5%.(d) In addition to strong execution on pricing, revenue grew above expectations due to higher market prices for the recyclable commodities we sell and a notable increase in landfill volumes. The Company expects full year revenue growth to be about 6%, which is above the high end of prior guidance of 5.75%.(g)</li>
<li>Adjusted operating EBITDA grew $170 million in the quarter driven by the Company's Collection and Disposal business. Adjusted operating EBITDA margin grew 90 basis points to a record high of 30.5%. This strong result puts the Company on track to deliver about $6.5 billion in adjusted operating EBITDA in 2024, which is near the upper end of its guidance range.(a)(e)(g)</li>
<li>The Company continues to prioritize technology and automation to optimize its cost structure and enhance operational efficiency. This is evident in operating expenses as a percentage of revenue improving 70 basis points to 60.6% in the third quarter. This is the fourth consecutive quarter this measure has been below 61%.</li>
<li>SG&amp;A expenses were 9.4% of revenue, or 8.9% on an adjusted basis, reflecting continued discipline in cost control.(a)</li>
<li>The Company completed eight recycling projects in the quarter and has now completed 24 out of its 39 planned automation and new market projects. Completed projects have added 1.5 million tons of annual recycling capacity across North America.(f)</li>
<li>The Company has brought three of its 20 planned renewable natural gas projects into service, including one brought online earlier this year, and currently expects four additional projects to be commissioned by year-end. The Company anticipates that these seven projects will contribute approximately six million MMBtu of annual production next year.(f)</li>
<li>Through the first nine months of the year, the Company generated $3.88 billion of net cash provided by operating activities, an increase of 16.2% from the prior year.</li>
<li>The Company expects total capital expenditures to be $3.15 to $3.25 billion, with about $950 million targeted at sustainability growth investments.</li>
<li>Strong operating cash flow growth combined with disciplined capital spending led to a 20.0% increase in free cash flow on a year-to-date basis. These results put the Company on track to achieve the high end of its guidance of $2.15 billion in free cash flow in 2024.(a)(g)</li>
<li>The Company has invested $790 million on acquisitions in 2024, largely for solid waste businesses. The acquired businesses have contributed $108 million of revenue growth in 2024. Additionally, the Company continues to work through regulatory approval processes to support its planned acquisition of Stericycle. The acquisition is expected to close in the fourth quarter of 2024. Integration planning processes are moving forward as expected.</li>
<li>WM released its <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fsustainability.wm.com%2F&amp;esheet=54143031&amp;newsitemid=20241028909138&amp;lan=en-US&amp;anchor=2024+Sustainability+Report&amp;index=1&amp;md5=689101e22c81d69353740cf82cb5303d">2024 Sustainability Report</a> during the third quarter, focused on three core ambitions - material is repurposed, energy is renewable, and communities are thriving. The report details the Company's sustainability ambitions and progress toward its goals.</li>
</ul>

Guidance

WM Expects to Deliver Adjusted Operating EBITDA Near The Upper End Of 2024 Guidance; Expects FY24 Revenue Growth To Be About 6%, Which Is Above The High End Of Prior Guidance Of 5.75%; On Track To Achieve The High End Of Its Guidance Of $2.15B In Free Cash Flow In 2024

Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) reported quarterly earnings of $1.96 per share which beat the analyst consensus estimate of $1.89 by 3.7 percent. This is a 20.25 percent increase over earnings of $1.63 per share from the same period last year. The company reported quarterly sales of $5.61 billion which beat the analyst consensus estimate of $5.51 billion by 1.80 percent. This is a 7.91 percent increase over sales of $5.20 billion the same period last year.

Waste Management Q3 Adj $1.96 Beats $1.89 Estimate, Sales $5.61B Beat $5.51B Estimate

Investor sentiment turned optimistic towards risk assets early this week as plummeting oil prices, driven by Israel's decision not to target Iran's crude facilities during weekend attacks, eased concerns over an escalated Middle Eastern conflict and <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41575181/crude-oil-faces-steepest-one-day-drop-in-over-two-years-energy-stocks-plunge-prices">potential global economic disruptions.</a>
The S&amp;P 500 gained 0.3%, the tech-heavy Nasdaq 100 mirrored this performance and the Dow added 0.6%.
Economically sensitive small-cap stocks saw stronger gains, with the Russell 2000 soaring 1.5% after a stretch of losses in six of the last seven sessions.
West Texas Intermediate (WTI) crude – tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) – dropped over 5% in midday New York trading, heading for its sharpest one-day decline since July 2022. Natural gas prices also plunged, with Henry Hub prices falling more than 9%, poised for their steepest single-session loss since mid-January.
U.S. energy stocks weakened, with the Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) standing as the sole sector in the red on Monday.
Despite the significant drop in energy prices, Treasury yields continued to rise, potentially tempering the stock market&#8217;s bullish momentum. Investors remain cautious about further U.S. fiscal policy deterioration as election season approaches. 
Yields on 10-year Treasury bonds rose by 5 basis points to 4.29%, aiming for their highest close since July 11.
Gold prices held steady around $2,745 per ounce, marking no gains since last Tuesday's close.
Sentiment in cryptocurrency markets remained bullish, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) up 1.4% to over $68,000, reaching a one-week high, while Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) jumped 4.5% in its third consecutive session of gains, eyeing the highest levels since June.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day % change</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,242.10</td>
<td>1.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,381.18</td>
<td>0.6%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,828.13</td>
<td>0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,409.47</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102824&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.54% to $581.22.</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;rose 0.7% to $424.02.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.2% higher to $496.42.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.7% to $222.55.</li>
<li>The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up by 1.1%. The Energy Select Sector SPDR Fund lagged, down 0.8%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>Airlines and cruise line stocks rallied as oil prices declined. American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) was up by 4.5%, Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NYSE">AAL</a>), up by 4%, United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), up 3.5%, Carnival Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>), up 4.5%, Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>), up 2.8%, and Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>), up 0.9%.</li>
</ul>
Stocks reacting on earnings reports included ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), up 4.4% and CenterPoint Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>), up 1%. 
Large-cap companies slated to report their earnings after the close are Waste Management Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), Cadence Design Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>), Brown &amp; Brown Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) and F5 Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>). 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41579487/amd-q3-earnings-preview-can-ai-server-gains-help-narrow-the-semiconductor-gap-with-">AMD Q3 Earnings Preview: Can AI, Server Gains Help Narrow The Semiconductor Gap With Nvidia?</a></li>
</ul>
Photo via Shutterstock.

Equities

Macro Economic Events

Broad U.S. Equity ETFs

Commodities

Econ #s

Economics

Tech

ETFs

$BTC

$DOGE

CDNS

SPDR Dow Jones Industrial Average ETF Trust

FFIV

NCLH

Wall Street Gains As Crude Tumbles, Small Caps Soar, Bitcoin Tops $68,000: What's Driving Markets Monday?

Stocks set for positive start after mixed week, earning news may cushion downside. Nasdaq gains 7th straight week, 7 'Magnificent' companies to post earnings.
U.S. stocks could get off to a positive start on Monday after the <a href="https://www.benzinga.com/markets/equities/24/10/41556896/investors-cautious-with-election-ahead-treasury-yields-surge-further-tesla-surprises-this-week-i">averages registered a mixed week</a>. While the S&amp;P 500 and Dow Jones snapped their six-week winning streak, the Nasdaq Composite chalked its seventh straight week of gains.
Earning news flow will continue to pick up momentum in the coming days, potentially cushioning any downside, with five of the &#8220;Magnificent 7&#8221; companies all set to post their earnings this week. This includes Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.78%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.62%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.52%</td>
</tr>
<tr>
<td>R2K</td>
<td>0.68%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.64% to $582.72 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.77% to $499.11, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week: Amid simmering tensions in the Middle East and Israel's missile strikes in Iran, oil prices tumbled over the weekend.
Treasury yields rose during the week, signaling concerns that regardless of who wins the elections, the next administration might struggle with fiscal discipline. This sentiment was further exacerbated by the International Monetary Fund's warnings on the long-term trajectory&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41495286/deficit-strain-in-washington-will-get-worse-imf-warns-national-debt-projections-rev" target="_blank" rel="noreferrer noopener">of the U.S. national debt</a>.
On the economic data front, the University of Michigan consumer sentiment for the U.S. rose to 70.5 in October compared to a preliminary reading of 68.9.
Both the Dow Jones and S&amp;P 500 ended a six-week winning streak, falling around 1% and 2.7%, respectively. The Nasdaq recorded gains for the seventh straight week, gaining nearly 0.2% last week.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Week&#8217;s Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.2%</td>
<td>18,518.61</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1%</td>
<td>5,808.12</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-2.7%</td>
<td>42,114.40</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.87%</td>
<td>2,207.99</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts: Ryan Detrick, Chief Market Strategist at Carson Group, highlighted that this was the best "Sell in May" period since 2009.
"This is the best &#8216;sell in May&#8217; period since 2009. Remember when they told us to sell because of valuations, yield curves, wars, inflation, Fed, elections, quad poor, GDI, LEIs, weak breadth, recessions, etc? I do,&#8221; he wrote.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is the best &#39;sell in May&#39; period since 2009. Remember when they told us to sell because of valuations, yield curves, wars, inflation, Fed, elections, quad poor, GDI, LEIs, weak breadth, recessions, etc? I do. Thankfully <a href="https://twitter.com/CarsonResearch?ref_src=twsrc%5Etfw">@CarsonResearch</a> pushed back against them all.
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1850733217428431301?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
"What happens next? Strength in these usually weak months is a clue the bull is alive and well."
He added that the best six months of the year for equity markets are "right around the corner."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 is currently up 15.4% during the &#39;Sell in May&#39; period for one of the best returns ever. What happens next? Strength in these usually weak months is a clue the bull is alive and well. When &gt;10% or more? Next six months higher 10 of 11 times and up 13.2% on avg. &#x1f4aa; <a href="https://t.co/EpVH1thdKT">pic.twitter.com/EpVH1thdKT</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1850732049952379039?ref_src=twsrc%5Etfw">October 28, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
However, despite mega-cap earnings scheduled for this week, rising treasury yields could potentially play spoilsport, according <a href="https://www.schwab.com/learn/story/weekly-traders-outlook">to</a> Nathan Peterson, Director of Derivatives Analysis at the Schwab Center for Financial Research.
"If yields continue to move higher next week this could generate selling pressure, regardless of mega-cap tech earnings," Peterson said.
He underscored that pre-election selling next week is a "possibility" and that there could be higher volatility in the markets.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data: Monday's economic calendar is light, with only the Dallas Fed's Manufacturing Business Index for October set to be released.
<ul>
<li>On Monday, the Dallas Fed Manufacturing Business Index will be released at 10:30 a.m. ET.</li>
<li>On Tuesday, retail (ex-auto) and wholesale inventory data will be released at 8:30 a.m. ET.</li>
<li>House Price Index will be released at 9 a.m. ET.</li>
<li>On Wednesday, Mortgage Market and Refinance indices will be released at 7 a.m. ET.</li>
<li>The Bureau of Economic Analysis will release Q3 GDP numbers at 8:30 a.m. ET.</li>
<li>The U.S. Department of Commerce will release the Q3 Real Consumer Spending data at 8:30 a.m. ET.</li>
<li>Pending home sales data will be released at 10 a.m. ET.</li>
<li>Crude oil inventories data will be released at 10:30 a.m. ET.</li>
<li>On Thursday, pending jobless claims and the Core PCE price index will be announced at 8:30 a.m. ET.</li>
<li>On Friday, payroll data will be released at 8:30 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>), and Occidental Petroleum Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) fell by over 2% in premarket trading due to falling crude oil prices.</li>
<li>Delta Air Lines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) rose over 2% after the company sued CrowdStrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) for the July IT outage, <a href="https://www.benzinga.com/news/24/10/41562639/delta-air-lines-sues-crowdstrike-for-500m-over-july-outage-that-disrupted-flights-affecting-1-3m-cus">saying it cost the company over $500 million</a>.</li>
<li>Taiwan Semiconductor Manufacturing Co. Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NASDAQ">TSM</a>) shares fell 1.7% after cofounder Morris Chang warned that the company faces challenges due to a growing threat to the free trade of chips amid geopolitical tensions.</li>
<li>Investors are awaiting earnings results from ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), Waste Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), and Ford Motor Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets: Crude oil futures tumbled in the early New York session, falling by over nearly 6% due to Israel's strikes on Iran.
The 10-year Treasury note yield surged to 4.254%.
Major Asian markets ended mixed on Monday, while European stocks showed tentativeness and were mostly lower in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/10/41565506/mohamed-el-erian-flags-japans-striking-inflation-paradox-as-shigeru-ishibas-ruling-ldp-loses-majorit">Mohamed El-Erian Flags Japan&#8217;s &#8216;Striking&#8217; Inflation Paradox As Shigeru Ishiba&#8217;s Ruling LDP Loses Majority — Yen Tumbles To 3-Month Low Against Dollar</a></li>
</ul>
Photo courtesy: Wikimedia

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Federal Reserve

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Press Releases

WM Announces Cash Dividend

WM Announces Private Exchange Offer and Consent Solicitation for any and all of Stericycle, Inc.'s $500 million Outstanding 3.875% Senior Notes Due 2029

WM Announces Successful Early Tender Results in Private Exchange Offer and Consent Solicitation for any and all of Stericycle, Inc.'s $500 million Outstanding 3.875% Senior Notes Due 2029

WM Sets Date for Third Quarter Earnings Release Conference Call

WM Announces Extension of Private Exchange Offer and Consent Solicitation for any and all of Stericycle, Inc.'s $500 million Outstanding 3.875% Senior Notes Due 2029

WM Announces Third Quarter 2024 Earnings

WM Announces Pricing of $5.2 Billion Senior Notes

WM Announces Further Extension of Private Exchange Offer and Consent Solicitation for any and all of Stericycle, Inc.'s $500 million Outstanding 3.875% Senior Notes Due 2029

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