ABCO Energy Stock (OTC:ABCE), Trade Ideas

ABCO Energy Inc is engaged in is in the Photo Voltaic (PV) solar systems industry, the LED and energy-efficient commercial lighting business and is an electrical product and services supplier. It sells and installs Solar Photovoltaic electric systems that allow the customer to produce their own power on their residence or business property. These products are installed by its crews and are purchased from both USA and offshore manufacturers. It has available and utilizes many suppliers of US-manufactured solar products from such companies as Mia Soleil, Canadian Solar, Westinghouse Solar and various Italian, Korean, German and Chinese suppliers. It offers solar leasing and long-term financing programs that are offered to ABCO customers and other marketing and installation organizations.

ABCO Energy Inc

AbCellera Biologics Inc

Keefe, Bruyette &amp; Woods analyst George Bose maintains PennyMac Financial Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFSI#NYSE">PFSI</a>) with a Outperform and lowers the price target from $105 to $100.

News

Price Target

Analyst Ratings

PFSI

Keefe, Bruyette & Woods Maintains Outperform on PennyMac Financial Servs, Lowers Price Target to $100

Barclays analyst Julian Mitchell maintains Dover (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>) with a Equal-Weight and raises the price target from $180 to $186.

Barclays Maintains Equal-Weight on Dover, Raises Price Target to $186

For Millennials and Gen Z facing challenges in attaining homeownership and favoring renting over buying, apartment real estate investment trusts (REITs) emerge as a strategic investment route. Here are two REITs that these generations can use to navigate the evolving real estate market through this alternative avenue.
<h2 class="wp-block-heading">UDR</h2>
UDR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UDR#NYSE">UDR</a>), also known as United Dominion Realty Trust, owns or has ownership interests in approximately 60,000 high-quality apartment homes across some of the most desirable markets in the Northeast, Mid-Atlantic, Sunbelt, and West Coast regions, including Boston, Dallas, Denver, New York City, Orlando, Philadelphia, San Francisco, Seattle, and Washington, D.C.
<h2 class="wp-block-heading">Don't Miss:</h2>
<ul>
<li>Investing in real estate just got a whole lot simpler. This <a href="https://www.benzinga.com/go/bezos-landlord">Jeff Bezos-backed startup will allow you to become a landlord</a> in just 10 minutes, and you only need $100.</li>
<li>Want To Grow Your Wealth Passively? Unlock Real Wealth with <a href="https://www.benzinga.com/money/cityfunds-yield">Cityfunds&#8217; Exclusive 8% Yield Fund</a>.</li>
</ul>
UDR currently pays a quarterly dividend of $0.425 per share, equating to an annualized dividend of $1.70, which gives its stock a yield of about 4.4% at the time of this writing.
In addition to sporting a high yield, UDR is a dividend-growth superstar. It has raised its annual dividend payment for 14 consecutive years, and its 1.2% hike in February has it on track for 2024 to mark the 15th consecutive year with an increase.
<h2 class="wp-block-heading">Mid-America Apartment Communities</h2>
Mid-America Apartment Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) owns or has ownership interests in about 102,000 apartment homes across the high-growth Sunbelt region of the United States, including Atlanta, Dallas, Tampa, Orlando, Charlotte, Austin, Nashville, and Houston.
MAA currently pays a quarterly dividend of $1.47 per share, equating to an annualized dividend of $5.88 per share, which gives its stock a yield of about 4.6% at the time of this writing.
<h2 class="wp-block-heading">Trending:</h2>
<ul>
<li>Elon Musk Is Bullish On Austin. Here&#8217;s <a href="https://www.benzinga.com/go/musk-austin">How To Invest In The City&#8217;s Growth Before He Floods It With New Tech Workers</a>.</li>
</ul>
Like UDR, MAA is a dividend-growth superstar. It has raised its annual dividend for 13 consecutive years, and its recent hike has it on pace for 2024 to mark the 14th consecutive year with an increase.
<h2 class="wp-block-heading">Arrived Homes</h2>
You can also gain exposure to the benefits of homeownership through Arrived Homes.
Arrived is an alternative investment platform, backed by <a href="https://www.benzinga.com/go/dara-backed-startup">Jeff Bezos and Dara Khosrowshahi</a>, that allows individuals to easily invest in real estate by purchasing shares of rental properties. Investors on the platform earn passive income through the rental revenue while waiting for the properties they invest in to appreciate in value over time.
<h2 class="wp-block-heading">Read Next:</h2>
<ul>
<li>Dara Khosrowshahi-Backed Startup Lets You <a href="https://www.benzinga.com/go/dara-backed-startup">Become a Landlord with $100</a>.</li>
<li>Miami Is Expected To Take New York's Place As The US Financial Capital. <a href="https://www.benzinga.com/go/miami-financial-capital">Invest In It With $500 Before That Happens</a>.</li>
</ul>

REIT

Real Estate

These Apartment REITs Yield Up to 4.6% and Have Long Track Records of Dividend Growth

Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintains Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) with a Outperform and lowers the price target from $75 to $74.

NDAQ

Keefe, Bruyette & Woods Maintains Outperform on Nasdaq, Lowers Price Target to $74

On Wednesday, Meta Platforms Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) topped Wall Street estimates with its first quarter results. But, stock plunged 16% due to a light revenue guidance that overshadowed the fact its revenue grew at a fastest quarterly rate since 2021 and net income more than doubled. Like Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>), Meta didn&rsquo;t talk much about AI, until now. During the earnings call, Meta CEO Mark Zuckerberg detailed the company&rsquo;s AI roadmap, hinting at a shift from chatbots to AI agents, highlighting confidence in the company&rsquo;s leadership on the AI front.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;
<h3>First Quarter Highlights</h3>
For the first three months of the year, Meta reported revenue expanded&nbsp;27%&nbsp;YoY to $36.46 billion, surpassing LSEG&rsquo;s estimate of $36.16. Net income more than doubled to $12.37 billion or $4.71 per share, surpassing LSEG&rsquo;s estimate of $4.32 as the Facebook-parent successfully lowered its&nbsp;sales and marketing costs by 16% compared to last year&rsquo;s comparable quarter.&nbsp;&nbsp;
As for its userbase metric, Meta revealed there were 3.24 billion&nbsp;family daily active people in March, which represents a 7% YoY rise while average revenue per user in the quarter was $11.20.
Digital advertising makes 98% of Meta&rsquo;s revenue and it rose&nbsp;27%&nbsp;YoY to $35.64&nbsp;billion. Therefore, building leading AI has a lot to do with turning those efforts into ad dollars.
<h3>The Metaverse Continues To Bleed Cash</h3>
With revenue of&nbsp;$440 million, Reality Labs unit reported a loss of $3.85 billion. Since the end of 2020, Meta&rsquo;s most important division it based its new identity on lost more than $45 billion.&nbsp;
<h3>2024 Guidance</h3>
As for the second quarter, Meta guided for revenue between $36.5 billion and $39 billion, while analysts on average expected $38.3 billion.
Meta guided for capital expenditures in the range between $35 billion and $40 billion, while previously forecasting&nbsp;$30 billion to $37 billion. The increase is due to accelerated AI investments.
Meta bought some time with long-term potential of AI.
After a brutal 2022 during which Meta lost about two thirds of its value and figuring out how to live in a new privacy environment that Apple cooked up. But, Meta or more precisely, Zuckerberg, made sure that sure that smaller advertisers knew that,&nbsp;thanks to Apple and the privacy changes it introduced, it got more expensive to reach their potential customers. Apple and Meta feud, or more precisely, the feud of their respective CEOs has been going on since 2014, at least. But Apple is well used to attacks regarding its App Store commissions and Tim Cook often simply leaves such comments without a response. But, Meta clearly preserved its users and ad dollars, and it seems to have succeeded to restore Wall Street&rsquo;s confidence with its cost cuts efforts it kicked off early last year, marking 2023 as its year of efficiency. Although AI still didn&rsquo;t provide the lift that Meta needs, Zuckerberg succeeded to convince Wall Street of the company&rsquo;s AI leadership potential, which will take time to be realized through the company&rsquo;s financials. But, then again, Meta certainly has a strong record of monetizing its services.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Tech

General

AAPL

Meta Platforms Bought Some Time With Long-Term AI Potential

Keefe, Bruyette &amp; Woods analyst Kelly Motta reiterates National Bank Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NBHC#NYSE">NBHC</a>) with a Market Perform and lowers the price target from $40 to $39.

Reiteration

NBHC

Keefe, Bruyette & Woods Reiterates Market Perform on National Bank Holdings, Lowers Price Target to $39

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) have seen mixed monthly performance, but analysts remain <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38428112/only-dogecoin-and-shiba-inu-have-crossed-the-10b-meme-coin-mark-who-will-be-the-third-muse">optimistic about these tokens</a> based on upcoming fundamental developments.
What Happened: Shiba Inu <a href="https://twitter.com/Shibtoken/status/1783558609776812059">announced</a> its transformative upgrade for Shibarium, set to launch on May 2, aiming to enhance user experience and unlock next-level capabilities within the network. By improving block processing times and transaction fee predictability, Shiba Inu seeks to make its platform more accessible and affordable for users. 
Some community members have <a href="https://twitter.com/CryptoLollla/status/1783565238056689905">suggested</a> including auto-burn features in this upgrade to further enhance the token&#8217;s utility and attractiveness.
Some community members, like Shib trader Lola, have <a href="https://twitter.com/CryptoLollla/status/1783565238056689905">suggested</a> including auto-burn features in this upgrade to further enhance the token&#8217;s utility and attractiveness.
Meanwhile, significant whale movements in Dogecoin have caught the attention of observers, with two large transactions involving over 228 million DOGE each, totaling $68.7 million, <a href="https://twitter.com/whale_alert">moved</a> from an unknown wallet to Coinbase. These wallet addresses have not made major moves since Coinbase&#8217;s initial listing of Dogecoin in June 2021, indicating renewed activity, U.Today reported.
Such movements may precede potential developments, such as a Coinbase listing for DOGE futures.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38454567/trader-who-turned-15k-into-5m-predicts-these-4-meme-coins-to-emulate-the-success-of-doge-s">Trader Who Turned $15K Into $5M Predicts These 4 Meme Coins To Emulate The Success Of DOGE, SHIB, FLOKI</a>
Why It Matters: Institutional adoption of meme coins is on the rise, as evidenced by Shiba Inu&#8217;s inclusion in the portfolio of Symbolic Capital Partners, representing 2% ($1.7 million) of their total holdings of $86 million, per Arkham Intelligence <a href="https://twitter.com/ArkhamIntel/status/1783466069488701815">data</a>. This suggests a growing interest among institutional investors in meme coins, potentially driving market valuation higher over time.
Cryptocurrency trader Kevin <a href="https://twitter.com/Kev_Capital_TA/status/1783809976173019507">analyzed</a> Dogecoin's historical performance and highlighted potential price targets of 0.95 and 1.35 for the current bull cycle, while noting that achieving the current 1.618 Fibonacci extension at $3.80 may be challenging.
With transformative upgrades on the horizon for Shiba Inu and significant whale movements indicating potential developments for Dogecoin, investors and traders remain optimistic about the future prospects of these meme coin leaders.
Price Action: At the time of writing, DOGE was trading at $0.1489, down 21.4% over the past 30 days. SHIB was trading at $0.00002523, down 18.4% over the past 30 days.
What's Next: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38383807/trader-predicts-at-least-3-meme-coins-above-100b-market-cap-heres-which-coins-benzinga-fol">Trader Predicts &#8216;At Least 3 Meme Coins Above $100B Market Cap&#8217;: Here&#8217;s Which Coins Benzinga Followers Liked The Most</a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$DOGE

$SHIB

Are Dogecoin And Shiba Inu Primed For The Next Leg Up?

Barclays analyst Jared Shaw maintains Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) with a Equal-Weight and raises the price target from $20 to $21.

COLB

Barclays Maintains Equal-Weight on Columbia Banking System, Raises Price Target to $21

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates Live Oak Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>) with a Market Perform and lowers the price target from $45 to $40.

Keefe, Bruyette & Woods Reiterates Market Perform on Live Oak Bancshares, Lowers Price Target to $40

Investors with a lot of money to spend have taken a bearish stance on Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with SBUX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 25 options trades for Starbucks.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.
Out of all of the options we uncovered, 24 are puts, for a total amount of $2,289,431, and there was 1 call, for a total amount of $67,777.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $90.0 for Starbucks, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Starbucks's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Starbucks's significant trades, within a strike price range of $85.0 to $90.0, over the past month.
<h3>Starbucks Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714139195_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$2.73</td>
<td>$2.63</td>
<td>$2.63</td>
<td>$85.00</td>
<td>$129.1K</td>
<td>36.7K</td>
<td>4.2K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.68</td>
<td>$2.44</td>
<td>$2.63</td>
<td>$85.00</td>
<td>$127.2K</td>
<td>36.7K</td>
<td>2.9K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.57</td>
<td>$2.35</td>
<td>$2.57</td>
<td>$85.00</td>
<td>$126.4K</td>
<td>36.7K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$2.66</td>
<td>$2.6</td>
<td>$2.6</td>
<td>$85.00</td>
<td>$126.1K</td>
<td>36.7K</td>
<td>7.8K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.67</td>
<td>$2.48</td>
<td>$2.62</td>
<td>$85.00</td>
<td>$124.7K</td>
<td>36.7K</td>
<td>5.0K</td>
</tr>
</tbody>
</table>

<h3>About Starbucks</h3>
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
<h3>Where Is Starbucks Standing Right Now?</h3>
<ul>
<li>With a volume of 153,010, the price of SBUX is down -0.23% at $87.64. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 4 days.</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 Starbucks, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

SBUX

A Closer Look at Starbucks's Options Market Dynamics

Financial giants have made a conspicuous bearish move on Boeing. Our analysis of options history for Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $299,540, and 2 were calls, valued at $149,391.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $250.0 for Boeing over the recent three months. 
<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 Boeing'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 Boeing's whale trades within a strike price range from $160.0 to $250.0 in the last 30 days. 
<h3>Boeing Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714139190_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$50.2</td>
<td>$49.05</td>
<td>$49.65</td>
<td>$215.00</td>
<td>$99.3K</td>
<td>307</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$50.2</td>
<td>$49.2</td>
<td>$49.2</td>
<td>$160.00</td>
<td>$78.7K</td>
<td>107</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$1.16</td>
<td>$1.1</td>
<td>$1.15</td>
<td>$170.00</td>
<td>$70.6K</td>
<td>3.5K</td>
<td style="text-align: right;">198</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$39.0</td>
<td>$38.95</td>
<td>$39.0</td>
<td>$205.00</td>
<td>$62.4K</td>
<td>79</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$19.2</td>
<td>$18.2</td>
<td>$18.25</td>
<td>$180.00</td>
<td>$40.1K</td>
<td>1.2K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Boeing</h3>
Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes; defense, space, and security; and global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.
<h3>Boeing's Current Market Status</h3>
<ul>
<li>With a volume of 162,518, the price of BA is down -0.5% at $165.97. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 89 days.</li>
</ul>
<h3>What Analysts Are Saying About Boeing</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $220.0.
<ul>
<li>An analyst from Deutsche Bank persists with their Buy rating on Boeing, maintaining a target price of $225. </li>
<li>Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Boeing with a target price of $260. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Boeing, which currently sits at a price target of $210. </li>
<li>An analyst from RBC Capital persists with their Outperform rating on Boeing, maintaining a target price of $215. </li>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Boeing with a target price of $190. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Boeing with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In Boeing Options

By <a href="https://roboforex.com/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_26042024&amp;utm_content=analysis&amp;utm_term=forecast">RoboForex</a> Analytical Department
The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors&#39; ongoing evaluation of the potential direction of the US Federal Reserve&#39;s monetary policy following mixed macroeconomic data.
The US GDP for Q1 did not meet expectations, marking the slowest recovery in two years. The economy expanded by only 1.6%, significantly lower than the forecasted 2.5%. In contrast, GDP growth in Q4 2023 reached 3.4%. The Fed&#39;s consensus forecast for 2024 expects economic growth of 2.1%.
The underwhelming economic performance might prompt the Fed to consider a reduction in interest rates. However, a localised acceleration in consumer inflation suggests that monetary policy might remain restrictive for longer.
As long as interest rates remain high, gold&#39;s appeal as an investment option is somewhat diminished since it does not generate its yield as bonds do. Nonetheless, in times of rising inflation, gold increasingly becomes a valuable hedge against currency devaluation.
Today, the stock exchange will focus on the March Core PCE figures. These data are expected to provide further insights into the Federal Reserve&#39;s monetary policy outlook.
<h3>Technical Analysis&nbsp;Of XAU/USD</h3>
<a href="https://www.benzinga.com/files/u117641/xauusdh4_12.png"><img alt="" src="https://www.benzinga.com/files/u117641/xauusdh4_12.png" style="height:280px; width:624px" /></a>
On the H4 chart of XAU/USD, a consolidation range has formed above 2346.00, with the ongoing development of the third wave of decline aiming for 2262.22. The local target for this wave at 2296.96 has been reached. Today, a corrective move towards 2346.00 is expected, followed by an anticipated further decline to 2262.22. This bearish scenario is supported technically by the MACD indicator, whose signal line is below zero and is trending downwards towards new lows.
<img alt="" src="https://www.benzinga.com/files/u117641/xauusdh1_13.png" style="height:280px; width:624px" />
On the H1 chart, the corrective movement towards 2346.00 (testing from below) is continuing. Once completed, a new downward wave towards 2277.00 is expected, potentially reaching 2262.22. This outlook is confirmed by the Stochastic oscillator, with its signal line currently above 80 but poised for a decline towards 20.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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Keefe, Bruyette &amp; Woods analyst Aidan Hall reiterates Lazard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) with a Outperform and lowers the price target from $51 to $49.

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Shares of footwear and apparel maker Skechers USA Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) are gaining after the company reported <a href="https://www.benzinga.com/pressreleases/24/04/b38443487/skechers-announces-first-quarter-2024-financial-results-and-record-sales-of-2-25-billion">better-than-expected first-quarter FY24 earnings</a>.
Skechers reported first-quarter FY24 sales growth of 12.5% year-on-year to $2.251 billion, beating the analyst consensus estimate of $2.204 billion.
The increase in sales was attributed to a 15.2% increase in International and a 7.8% increase in Domestic sales.
International sales constituted 65% of total sales with a 17% rise in Europe, the Middle East and Africa; 16% increase in Asia Pacific and 8% climb in the Americas.
"In the quarter, we also broadcast our first Skechers Basketball campaigns starring NBA players Julius Randle and Terence Mann, entered the world of cricket by sponsoring one of the leading men&#8217;s and women&#8217;s teams in India, and grew our roster of Premier League footballers with the addition of Oleksandr Zinchenko," said CEO Robert Greenberg.
Wholesale sales grew 9.8% and Direct-to-Consumer jumped 17.3%. Gross profit rose 20.7% Y/Y to $1.2 billion and the gross margin expanded 370 basis points to 52.5%.&nbsp;
Operating margin expanded 210 basis points to 13.3%, and operating income for the quarter increased 33.6% to $298.8 million.
In the first quarter, the company repurchased 1.0 million shares of its Class A common stock at a cost of $60.0 million.&nbsp;
As of March 31, 2024, $205.7 million remained available under the company&#8217;s share repurchase program.
The company held $946.4 million in cash and equivalents as of June 30, 2022.
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EPS of $1.33 beat the analyst consensus of $1.10.
Outlook: Skechers raised FY24 sales outlook from $8.60 billion-$8.80 billion to $8.725 billion-$8.875 billion, against an estimate of $8.781 billion.
The company also raised FY24 EPS outlook from $3.65-$3.85 to $3.95-4.10 versus an estimate of $3.90.
Skechers sees second-quarter sales of $2.175 billion-$2.225 billion versus an estimate of $2.202 billion. EPS of $0.85-$0.90 against an estimate of $1.09.
SKX Price Action: Skechers shares are trading higher by 14.30% at $67.23 at publication Friday.
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Photo: <a href="https://www.shutterstock.com/g/romaset">Roman Zaiets</a> via Shutterstock

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Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also recorded gains, trading above the key $3,100 mark this morning.
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Gainers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Wormhole (CRYPTO: W)
Price: Wormhole
24-hour gain: 10.9%
Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)
Price: $0.00002727&nbsp;&nbsp;&nbsp;&nbsp;
24-hour gain: 10%
BitTorrent (New) (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btt/usd">BTT</a>)
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24-hour gain: 7.4%
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24-hour gain: 7%
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<h3 class="wp-block-heading">Losers</h3>
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24-hour drop: 5.9%
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24-hour drop: 4.9%
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&#8220;Looking into the second half of the year, we anticipate normal seasonal spend in Sales &amp; Marketing for Devices, which will cause Adjusted EBITDA to slightly moderate relative to the first half of the year,&#8221; the company said&nbsp;in a statement.&nbsp;
Roku reported 81.6 million streaming households in the first quarter, an increase of 14% year-over-year.&nbsp;Average revenue per user (ARPU) was $40.65 on a trailing 12-month basis (TTM), flat year over year.
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According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>,&nbsp;ROKU stock has gained over 2% in the past year.&nbsp;Investors can gain exposure to the stock via&nbsp;ARK Innovation ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and&nbsp;ARK Next Generation Internet ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).
Price Action: ROKU shares are trading lower by 8.5% to $57.44 at the last check Friday.
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