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US stock markets close lower on economic reports and Fed meeting. Asian markets decline, Europe closed for Labor Day. Commodities and US futures down.

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US stock markets closed higher, driven by strong earnings and mild inflation data. Asian markets also gained, while eurozone and oil prices dipped.

Asia Up, Europe Mixed, While Yen Surges Against Dollar - Global Markets Today While US Slept

BMO Capital analyst Brian Pitz maintains Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) with a Outperform and raises the price target from $45 to $46.

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BMO Capital Maintains Outperform on Pinterest, Raises Price Target to $46

<a href="https://asia.nikkei.com/Business/Technology/Japan-weighs-regulating-AI-developers-following-U.S.-and-EU" title="https://asia.nikkei.com/Business/Technology/Japan-weighs-regulating-AI-developers-following-U.S.-and-EU">https://asia.nikkei.com/Business/Technology/Japan-weighs-regulating-AI-developers-following-U.S.-and-EU</a>

'Japan weighs regulating AI developers, following U.S. and EU' -Nikkei

A prospective stablecoin bill will likely not be included in upcoming must-pass Federal Aviation Administration legislation as lawmakers try to get the bill across the finish line. House and Senate leadership have indicated the FAA will be &quot;clean&quot; of bills lawmakers have been looking to attach, so it is unlikely that a stablecoin bill will be included, according to a Democratic aide. Lawmakers, including House Financial Services Committee Chair Patrick McHenry, R-N.C., ranking Democrat Maxine Waters, D-Calif. and Senate Majority Leader Chuck Schumer had reportedly discussed attaching the bill to upcoming FAA reauthorization, which could accompany cannabis legislation. That must-pass reauthorization is up against a May 10 deadline.
Read the <a href="https://www.theblock.co/post/291792/prospective-stablecoin-bill-unlikely-to-be-attached-to-upcoming-faa-reauthorization-democratic-aide?utm_source=benzinga&amp;utm_medium=rss&amp;utm_campaign=Prospective+stablecoin+bill+unlikely+to+be+attached+to+upcoming+FAA+reauthorization%3A+Democratic+aide">full story</a> at The Block.

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Source: <a href="https://www.streetwisereports.com/article/2024/04/29/lithium-co-s-recent-news-may-drive-the-stock-higher-expert-says.html?utm_medium=feed">Clive Maund 04/29/2024</a>
In light of this morning&#39;s news, Technical Analyst Clive Maund shares an update on IberAmerican Lithium Corp. to explain why he believes now might be the time to add positions.
IberAmerican Lithium Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ibrlf#OTC">IBRLF</a>) was the subject of an article posted on March 11, when the stock was recommended on both fundamental and technical grounds. In the event, the recommendation was rather too early as it went on to drop to a lower level before completing its odd-shaped Cup and Handle base.
Yet the basic idea was correct, for it has just last week broken out upside from the pattern due to the rapidly improving fundamental situation for the company so that we are now up on where we bought and the reason for this update is that the company came out with a range of positive news announcements early today that are thought like to drive the stock price higher still.
The news out today included a business combination with Strategic Minerals Europe Corp. Upon completion of this Proposed Transaction, the company intends to resume production at Strategic Minerals&#39; flagship property, the Penouta Project. In addition, the company will vertically integrate with a wholly owned subsidiary and change its name to IberAmerican Resources Inc., which will lead to it not being associated solely with lithium. Lastly, the company will engage Spark Newswire to generate publicity and raise its profile.
Probably the most important points in the news release that are likely to impact the stock price, perhaps immediately, are these statements:
&quot;After completion of the Proposed Transaction (the business combination with Strategic Minerals Europe), the Company is committed to implementing crucial capital improvements to optimize production efficiencies within the expansive hard rock resource located in Section C so that the company may restart its exploitation as soon as possible after the lifting of the provisional suspensi&oacute;n.&quot; 
And the statement by CEO Campbell Becher:
&quot;Upon completion of the Proposed Transaction, we intend to promptly resume production in Section B, generating immediate cash flow.&quot;
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202442963108_1.jpg" style="height:562px; width:1000px" />
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202442963117_2.jpg" style="height:561px; width:1000px" />
Now, we will turn our attention to the progress of the company&#39;s stock by looking at its latest 8-month stock chart. On this chart, we can see that after we bought on about March 11, the price continued to drift lower within an extended Handle of the odd-shaped Cup and Handle base.
Over a week ago, there was an alarming but short-lived drop to 7 cents, which may have been an &quot;organized raid&quot; designed to shake out weak holders of the stock ahead of the strong rally that followed. After this freak drop, the stock quickly recovered and then became much more active, breaking out of the Handle of the Cup and Handle base last week. The remaining Hurdle to clear before the stock is more free to advance is the resistance shown at the upper boundary of the entire pattern, and it is thought that the big news out this morning is likely to drive the stock above this resistance.
<img alt="" class="No_img_class" src="https://www.theaureport.com/images/auto_up/202442963142_3.jpg" style="height:857px; width:858px" />
With the picture for IberAmerican now considerably clearer and brighter, we stay long, and this is thought to be a good point to buy or add to positions.
IberAmerican Lithium Corp.&nbsp;closed at CA$0.17 on April 26, 2024.
Important Disclosures:
<ol>
<li>IberAmerican Lithium Corp. has a consulting relationship with an affiliate of Streetwise Reports, and pays a monthly consulting fee between US$8,000 and US$20,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of IberAmerican Lithium Corp.</li>
<li>Author Certification and Compensation: [Clive Maund of clivemaund.com] is being compensated as an independent contractor by Street Smart, an affiliate of Streetwise Reports, for writing this article. Maund received his UK Technical Analysts&#39; Diploma in 1989. The recommendations and opinions expressed in this content accurately reflect the personal, independent, and objective views of the author regarding any and all of the designated securities discussed. No part of the compensation received by the author was, is, or will be directly or indirectly related to the specific recommendations or views expressed</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Clivemaund.com Disclosures
The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund&#39;s opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund&#39;s opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.

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Lithium Co.'s Recent News May Drive the Stock Higher, Expert Says

Source: <a href="https://www.streetwisereports.com/article/2024/04/23/critical-minerals-co-upsizes-private-placement-featuring-glencore.html?utm_medium=feed">Streetwise Reports 04/23/2024</a>
Stillwater Critical Minerals Corp. is upsizing by more than 50% a private placement that also features a lead order from major Glencore Canada Corp. Find out how the market for one of its target metals, copper, is heating up.
Stillwater Critical Minerals Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/pgezf#OTC">PGEZF</a>) announced it is upsizing by more than half a private placement that also features a lead order from major Glencore Canada Corp. due to strong investor demand.
The non-brokered private placement has been increased to 27.5 million units for gross proceeds of CA$3.85 million from the previously announced 17,857,143 units for gross proceeds of CA$2.5 million, a rise of 54%.
Glencore Canada, a wholly owned subsidiary of Glencore International Plc (OTC: <a class="ticker" href="https://www.benzinga.com/stock/glcnf#OTC">GLCNF</a>), has agreed to increase their current position by buying a further 15 million units of Stillwater stock for proceeds of CA$2.1 million. Glencore announced a 9.99% strategic equity investment in Stillwater in 2023.
According to the company, its 100%-owned flagship project, Stillwater West in Montana, is in &quot;one of the world&#39;s largest and highest-grade PGE-Ni-Cu regions adjacent to high-grade Sibanye-Stillwater&#39;s PGE Mines with over 14 Moz (million ounces) past Pd+Pt (palladium and platinum) production.&quot;
The latest private offering is expected to close on or about April 26 and is subject to customary conditions, such as acceptance by the TSX Venture Exchange.
Stillwater is a mineral exploration company focused on the Stillwater West critical minerals project.
A 2023 mineral resource estimate expanded the project&#39;s inaugural resource by 62%, the company said, and defined 1.6 billion pounds of nickel, copper and cobalt and 3.8 Moz (million ounces) palladium, platinum, rhodium, and gold in a constrained model totaling 255 million tonnes (Mt) at an average grade of 0.39% total estimated recovered nickel equivalent (or 1.19 grams per tonne palladium equivalent or Pd Eq).
The selective mining high-grade component yielded 11.6 Mt at 1.05% total nickel equivalent (or 3.24 grams per tonne total Pd Eq) as 0.56% nickel (Ni), 0.33% copper (Cu), 0.03% cobalt (Co) with 0.54 grams per tonne (g/t) Pd, 0.27 g/t Pt, 0.15 g/t gold (Au) and 0.019 g/t rhodium (Rh).
<h2>The Catalyst: New Copper Cycle on the Way?</h2>
So far this year, copper, a metal very important to the energy transition, has jumped more than 12%. It was US$4.53 on Monday afternoon.
&quot;Copper has traded in the (US)$3.13-3.90 range for most of the past two years, with the lows occurring in 2022, shortly after the Fed embarked upon monetary tightening in July of that year&quot; wrote expert Michael Ballanger of GGM Advisory Inc. &quot;Recently, however, the compelling fundamentals brought about by the looming structural supply deficit propelled copper to new recovery highs above (US)$4.00.&quot;
Despite some cooling due to slower-than-expected electric vehicle (EV) sales, the global copper market was worth US$304.1 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2023 to 2032 to US$496.8 billion, Acumen Research and Consulting reported.
<blockquote class="callOut left">Technical Analyst Clive Maund noted the metals markets &quot;at large are entering a major bull market, with strong gains already being seen in copper, gold, and silver over the past month or two.&quot;</blockquote>
EVs use as much as four times the amount of copper internal-combustion engine cars do.
&quot;The increasing demand for copper could be met through developments in mining technology, well-organized designs for ore processing, and the discovery of new copper reserves&quot; Acumen&#39;s report noted. &quot;According to the United States Geological Survey (USGS), international copper reserves rose by approximately 720 million tons in 2017, and undiscovered copper reserves are estimated to be approximately 3,500 million tons.&quot;
Haywood Securities noted in a January 2024 report that based on the time it takes for new copper supply to come online, the market for the metal &quot;will be tightening for the foreseeable future [and] that could eventually lead to a new copper cycle.&quot; Haywood noted predictions are for a copper deficit this year, marked by supply shortfall of about 500,000 tons.
<h2>Company Rated a &#39;Buy&#39; for Potential Investors</h2>
Technical Analyst Clive Maund noted the metals markets &quot;at large are entering a major bull market, with strong gains already being seen in copper, gold, and silver over the past month or two.&quot;
But &quot;copper is a special case with a huge supply shortfall incoming due to the combination of an explosion in demand due to the expanding use of copper in batteries for EVs and power storage, etc., coupled with a supply shortfall due to the dearth of major new copper discoveries in recent years&quot; Maund wrote. &quot;It just so happens that Vortex is exploring for copper (and) gold in highly prospective areas.&quot;
A report from Couloir Capital last October rated the company as a &quot;Buy&quot; for potential investors and named a target price of CA$0.35 per share, pointing to Stillwater&#39;s plans to advance its Montana properties with an expanded resource and drill targets on Chrome Mountain and Iron Mountain.
Stillwater has several catalysts to report, according to its investor presentation, including pending drill results from Stillwater West and upcoming 2024 exploration plans.
<h2>Ownership and Share Structure</h2>
Management and insiders own approximately 20% of Stillwater, according to the company. Executive Chairman and Director Gregory Shawn Johnson owns 2.95%, President and CEO Micheal Victor Rowley owns 2.58%, Independent Director Gregor John Hamilton owns 1.64%, Independent Director Gordon L. Toll owns 0.51%, and Vice President of Exploration Daniel F. Grobler owns 0.21%, according to Reuters.
Institutions own approximately 25% of the company, high net-worth investors own about 27%, and Glencore Canada Corp. owns 9.99%. About 18% of the company&#39;s shares are in retail, Stillwater said.
There are 197.79 million shares outstanding with 162.25 million free float traded shares, while the company has a market cap of CA$30.66 million and trades in a 52-week range of CA$0.13 and CA$0.23.
Important Disclosures:
<ol>
<li>Stillwater Critical Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

GLCNF

PGEZF

Critical Minerals Co. Upsizes Private Placement Featuring Glencore

BMO Capital analyst Rufus Hone maintains PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) with a Market Perform and raises the price target from $64 to $65.

PYPL

BMO Capital Maintains Market Perform on PayPal Holdings, Raises Price Target to $65

BMO Capital analyst Ari Klein maintains American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) with a Outperform and lowers the price target from $228 to $220.

BMO Capital Maintains Outperform on American Tower, Lowers Price Target to $220

Maxim Group analyst Naz Rahman reiterates Palisade Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) with a Buy and maintains $22.5 price target.

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Maxim Group Reiterates Buy on Palisade Bio, Maintains $22.5 Price Target

Argus Research analyst Jim Kelleher maintains NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) with a Buy and raises the price target from $260 to $300.

NXPI

Argus Research Maintains Buy on NXP Semiconductors, Raises Price Target to $300

Hyatt Hotels Corporation&#8217;s&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) loyalty program, World of Hyatt, has partnered with&nbsp;Peloton&nbsp;Interactive Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTON#NASDAQ">PTON</a>) to become the premier global hospitality loyalty<a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/b38547595/world-of-hyatt-and-peloton-team-up-with-plans-to-reward-members-for-wellbeing" rel="noreferrer noopener">&nbsp;program rewarding members for their wellness pursuits.</a>
Members will now earn World of Hyatt points when utilizing Peloton equipment at Hyatt properties in Peloton-operating countries, enhancing opportunities for future bookings, upgrades, and experiences.
The collaboration&nbsp;is set&nbsp;to host 800 plus Hyatt properties with Peloton equipment and provide access to Peloton classes on guestroom TVs at nearly 400 properties.
Peloton Bikes will be available at all Hyatt hotels in markets where Peloton operates, including the U.S., Canada, U.K., Germany, Austria, and Australia.
Select U.S. Hyatt luxury and lifestyle hotels will also feature the Peloton Row. The collaboration may extend the Peloton experience to Hyatt properties in other markets&nbsp;in the future.
Hyatt&#8217;s booking data reflects a growing traveler interest in health and wellness amenities, a trend the brand is embracing by joining forces with Peloton.&nbsp;
The collaboration aims to promote wellbeing among Hyatt guests and Peloton Members during travel, offering access to Peloton classes and equipment at select properties.
The announcement precedes Peloton&#8217;s third-quarter earnings release, where a 4% revenue decline&nbsp;is anticipated, continuing a trend of sales downturns, reported&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-05-01/peloton-to-put-bikes-in-800-hyatt-hotels-in-turnaround-effort?srnd=industries-v2&amp;sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.&nbsp;
The report further noted that CEO Barry McCarthy, orchestrating various partnerships including&nbsp;Lululemon Athletica Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>),&nbsp;Amazon.com Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and&nbsp;Dick&#8217;s Sporting Goods Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>), aims to expand Peloton&#8217;s market presence.
This collaboration mirrors Peloton&#8217;s previous deal with Hilton in 2022, illustrating efforts to extend its equipment into hospitality venues.&nbsp;
Hyatt stock gained more than 28% in the last 12 months. Investors can gain exposure to the stock via&nbsp;American Customer Satisfaction ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ACSI#BATS">ACSI</a>) and&nbsp;Vanguard Total Stock Market Index Fund ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>).
Price Action: H shares are trading lower by 0.36% at $148.26 at&nbsp;the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons

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IPOs

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CDW Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDW#NASDAQ">CDW</a>) shares are trading lower after the company reported worse-than-expected fiscal <a href="https://www.benzinga.com/pressreleases/24/05/b38545343/cdw-reports-first-quarter-2024-earnings" target="_blank" rel="noreferrer noopener">first-quarter 2024 results</a>.
Net sales declined 4.5% Y/Y to $4.87 billion, missing the consensus of $5.00 billion.&nbsp;
Adjusted EPS of $1.92 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $2.15</a>.&nbsp;
Net sales from the Total Corporate segment declined 3.1%&nbsp;Y/Y&nbsp;to $2.14 billion, and the Total Small Business segment decreased 7.4%&nbsp;Y/Y&nbsp;to $381 million.
Total Public segment net sales fell 4.9%&nbsp;Y/Y&nbsp;to $1.73 billion due to a decline in net sales to Education customers&nbsp;by 10.4% Y/Y.
Net sales for&nbsp;CDW's&nbsp;U.K. and Canadian operations, combined as&nbsp;"Other"&nbsp;for financial reporting purposes, fell 6.5%&nbsp;Y/Y&nbsp;to $631 million.
Average daily sales fell 4.5% Y/Y to $76.1 million.&nbsp;Gross margin expanded to 21.8% from 21.3% a year ago, aided by a more favorable contribution of netted-down revenue, primarily software as a service.
The adjusted operating margin was 8.3% vs. 8.5% a year ago.&nbsp;
CDW held $803.8 million in cash and equivalents as of March 31, 2024.
Dividend: CDW declared a quarterly cash dividend per share of 62 cents.
&#8220;First quarter IT market conditions were weaker than expected, with caution, concern, and complexity adversely impacting customers&#8217; capital investment decisions and elongating customer decision-making. The resulting decline in solutions spend was partially offset by demand for client devices,&#8221; CFO Albert J. Miralles said. &#8220;We remain well-positioned to attain our target of exceeding US IT market growth by 200 to 300 basis points on a constant currency basis.&#8221;
CDW&nbsp;stock gained 42% in the last 12 months. Investors can gain exposure to the stock via&nbsp;Argent Mid Cap ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMID#NASDAQ">AMID</a>) and&nbsp;Professionally Managed Portfolios Congress SMid Growth ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSMD#NYSE">CSMD</a>).
Price Action: CDW shares are down 10.2% at $217.24 at last check Wednesday.
Now Read: <a href="https://www.benzinga.com/news/earnings/24/05/38555665/mastercard-says-consumer-spending-is-healthy-clocks-10-revenue-growth-in-q1">Mastercard Says Consumer Spending Is Healthy, Clocks 10% Revenue Growth In Q1</a>
Image generated using artificial intelligence via Midjourney.

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CDW's Challenging Quarter: Missed Sales Targets, Decline Across Key Segments

Whales with a lot of money to spend have taken a noticeably bearish stance on T-Mobile US.
Looking at options history for T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 62% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $499,820 and 6, calls, for a total amount of $685,504.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $150.0 to $190.0 for T-Mobile US during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in T-Mobile US's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to T-Mobile US's substantial trades, within a strike price spectrum from $150.0 to $190.0 over the preceding 30 days.
<h3>T-Mobile US Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714581985_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TMUS</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$5.8</td>
<td>$5.2</td>
<td>$5.5</td>
<td>$150.00</td>
<td>$467.5K</td>
<td>2.2K</td>
<td>850</td>
</tr>
<tr>
<td>TMUS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.95</td>
<td>$5.3</td>
<td>$6.5</td>
<td>$190.00</td>
<td>$364.0K</td>
<td>1.5K</td>
<td>560</td>
</tr>
<tr>
<td>TMUS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.77</td>
<td>$2.71</td>
<td>$2.71</td>
<td>$165.00</td>
<td>$157.7K</td>
<td>14.4K</td>
<td>1.1K</td>
</tr>
<tr>
<td>TMUS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.0</td>
<td>$2.73</td>
<td>$2.98</td>
<td>$190.00</td>
<td>$61.5K</td>
<td>2.6K</td>
<td>408</td>
</tr>
<tr>
<td>TMUS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.83</td>
<td>$2.78</td>
<td>$2.78</td>
<td>$165.00</td>
<td>$48.1K</td>
<td>14.4K</td>
<td>186</td>
</tr>
</tbody>
</table>

<h3>About T-Mobile US</h3>
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the U.S. T-Mobile now serves 76 million postpaid and 22 million prepaid phone customers, equal to around 30% of the U.S. retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves nearly 5 million residential and business customers. In addition, T-Mobile provides wholesale services to resellers.
Following our analysis of the options activities associated with T-Mobile US, we pivot to a closer look at the company's own performance.
<h3>Where Is T-Mobile US Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,400,217, the TMUS's price is up by 1.13%, now at $166.02. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 85 days.</li>
</ul>
<h3>Professional Analyst Ratings for T-Mobile US</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $191.25.
<ul>
<li>An analyst from TD Cowen persists with their Buy rating on T-Mobile US, maintaining a target price of $202. </li>
<li>Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on T-Mobile US with a target price of $188. </li>
<li>Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on T-Mobile US with a target price of $185. </li>
<li>Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for T-Mobile US, targeting a price of $190. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest T-Mobile US options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

TMUS

Behind the Scenes of T-Mobile US's Latest Options Trends

Investors with a lot of money to spend have taken a bearish stance on Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with OXY, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 17 uncommon options trades for Occidental Petroleum.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 52%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $829,442, and 11 are calls, for a total amount of $632,382.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $80.0 for Occidental Petroleum during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Occidental Petroleum's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Occidental Petroleum's significant trades, within a strike price range of $60.0 to $80.0, over the past month.
<h3>Occidental Petroleum Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714581980_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$4.95</td>
<td>$4.6</td>
<td>$4.6</td>
<td>$70.00</td>
<td>$321.9K</td>
<td>2.2K</td>
<td>2</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.57</td>
<td>$2.26</td>
<td>$2.45</td>
<td>$60.00</td>
<td>$245.0K</td>
<td>118</td>
<td>1.0K</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$0.91</td>
<td>$0.9</td>
<td>$0.9</td>
<td>$60.00</td>
<td>$120.6K</td>
<td>14.7K</td>
<td>2.1K</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$1.41</td>
<td>$1.37</td>
<td>$1.37</td>
<td>$72.50</td>
<td>$110.7K</td>
<td>1.1K</td>
<td>20</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$5.05</td>
<td>$5.0</td>
<td>$5.0</td>
<td>$60.00</td>
<td>$100.0K</td>
<td>6.2K</td>
<td>214</td>
</tr>
</tbody>
</table>

<h3>About Occidental Petroleum</h3>
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
Having examined the options trading patterns of Occidental Petroleum, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Occidental Petroleum</h3>
<ul>
<li>Trading volume stands at 3,982,810, with OXY's price down by -0.59%, positioned at $65.75.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 6 days.</li>
</ul>
<h3>What Analysts Are Saying About Occidental Petroleum</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $79.0.
<ul>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Occidental Petroleum, which currently sits at a price target of $81. </li>
<li>An analyst from Mizuho persists with their Neutral rating on Occidental Petroleum, maintaining a target price of $70. </li>
<li>Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Occidental Petroleum, targeting a price of $84. </li>
<li>An analyst from Scotiabank upgraded its action to Sector Outperform with a price target of $90. </li>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Occidental Petroleum, targeting a price of $70. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Occidental Petroleum options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Occidental Petroleum's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Vertiv Hldgs. Our analysis of options history for Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) revealed 23 unusual trades.
Delving into the details, we found 26% of traders were bullish, while 65% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $506,765, and 14 were calls, valued at $2,371,427.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $57.5 to $100.0 for Vertiv Hldgs during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Vertiv Hldgs's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Vertiv Hldgs's whale trades within a strike price range from $57.5 to $100.0 in the last 30 days. 
<h3>Vertiv Hldgs Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714581974_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$5.4</td>
<td>$5.3</td>
<td>$5.4</td>
<td>$100.00</td>
<td>$800.4K</td>
<td>2.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$5.5</td>
<td>$5.2</td>
<td>$5.3</td>
<td>$100.00</td>
<td>$682.8K</td>
<td>2.7K</td>
<td>2.7K</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$5.2</td>
<td>$5.1</td>
<td>$5.1</td>
<td>$95.00</td>
<td>$296.3K</td>
<td>8.0K</td>
<td>717</td>
</tr>
<tr>
<td>VRT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.3</td>
<td>$2.5</td>
<td>$3.1</td>
<td>$57.50</td>
<td>$214.8K</td>
<td>19</td>
<td>693</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$15.0</td>
<td>$13.7</td>
<td>$15.0</td>
<td>$75.00</td>
<td>$111.0K</td>
<td>2.8K</td>
<td>85</td>
</tr>
</tbody>
</table>

<h3>About Vertiv Hldgs</h3>
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East &amp; Africa.
In light of the recent options history for Vertiv Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Vertiv Hldgs</h3>
<ul>
<li>Currently trading with a volume of 4,849,337, the VRT's price is down by -5.46%, now at $87.92. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 91 days.</li>
</ul>
<h3>Professional Analyst Ratings for Vertiv Hldgs</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $97.2.
<ul>
<li>Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Vertiv Hldgs with a target price of $98. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Vertiv Hldgs, targeting a price of $100. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Vertiv Hldgs with a target price of $90. </li>
<li>Reflecting concerns, an analyst from Oppenheimer lowers its rating to Outperform with a new price target of $96.</li>
<li>An analyst from Citigroup has decided to maintain their Buy rating on Vertiv Hldgs, which currently sits at a price target of $102. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Vertiv Hldgs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Vertiv Hldgs's Options: A Look at What the Big Money is Thinking

Goldman Sachs analyst Joe Ritchie maintains Trane Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) with a Neutral and raises the price target from $287 to $326.

Goldman Sachs Maintains Neutral on Trane Technologies, Raises Price Target to $326

TD Securities analyst Aaron Bilkoski maintains Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) with a Buy and raises the price target from $40 to $42.

VNOM

TD Securities Maintains Buy on Viper Energy, Raises Price Target to $42

Cannabis stocks Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>), Aurora Cannabis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACB#NASDAQ">ACB</a>) and Tilray Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) shares are trading lower Wednesday after soaring following reports that the DEA will move to reschedule marijuana.&nbsp;
The Details:
Cannabis stocks saw a short-lived rally Tuesday following reports that the DEA will move to reschedule marijuana from a Schedule I to a Schedule III substance. The DEA&#8217;s proposal would recognize the medical uses of cannabis and acknowledge it has less potential for abuse than Schedule I substances.&nbsp;
The proposal must be reviewed by the White House Office of Management and Budget and is subject to a public comment period before an official reclassification can be made.&nbsp;
Canopy Growth shares surged more than 75% Tuesday, though the stock is giving back some gains Wednesday. Canopy's stock is down nearly 30%. 
Aurora Cannabis gained more than 25% following the report, though the stock is trading down by more than 20% Wednesday.&nbsp;
Similarly, Tilray shares rose nearly 40% Tuesday, yet shares are trading 20% lower in Wednesday's session. 
Related News: <a href="https://www.benzinga.com/news/24/04/38497173/whats-going-on-with-rivian-automotive-stock">What&#8217;s Going On With Rivian Automotive Stock?</a>
<h2 class="wp-block-heading">CGC Stock Prediction 2024: </h2>
Equity research analysts on and off Wall Street typically use earnings growth and fundamental research as a form of valuation and forecasting. But many in trading turn to technical analysis as a way to form predictive models for share price trajectory.
Some investors look to trends to help forecast where they believe a stock could trade at a certain point in the future. Looking at Canopy Growth, an investor could make an assessment about a stock's long term prospects using a moving average and trend line. If they believe a stock will remain above the moving average, which many believe is a bullish signal, they can extrapolate that trend into the future using a trend line. For Canopy Growth, the 200-day moving average sits at $5.89, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, which is below the current price of $10.54. For more on charts and trend lines, <a href="https://pro.benzinga.com/">see a description here.</a>
Traders believe that when a stock is above its moving average, it is a generally bullish signal, and when it crosses below, it is a more negative signal. Investors could use trend lines to make an educated guess about where a stock could trade at a later date if conditions remain stable.
CGC, ACB, TLRY Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Canopy Growth shares are down 29.4% at $10.50, Aurora Cannabis shares are down 21.4% at $7.25 and Tilray Brands shares are down 20% at $1.97 at the time of publication Wednesday.
Image: asdqwejkl from Pixabay

Cannabis

Movers

TLRY

What's Going On With Weed Stocks Canopy Growth, Aurora Cannabis And Tilray?

Goldman Sachs analyst Michael Ng maintains Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) with a Neutral and lowers the price target from $937 to $800.