 (OTC:AFFT) Stock, Quote.Headers.trade-ideas

Cantor Fitzgerald analyst Brett Knoblauch reiterates Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) with a Overweight and maintains $20 price target.

News

Price Target

Reiteration

Analyst Ratings

IREN

Cantor Fitzgerald Reiterates Overweight on Iris Energy, Maintains $20 Price Target

JP Morgan analyst Alexei Gogolev maintains Guidewire Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) with a Overweight and raises the price target from $170 to $210.

GWRE

JP Morgan Maintains Overweight on Guidewire Software, Raises Price Target to $210

When it comes to electric vehicle (EV) charging stocks, EVgo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) is set to outperform. ChargePoint Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPT#NYSE">CHPT</a>), however, struggles <a href="https://www.benzinga.com/quote/EVGO/news">to maintain momentum</a>.
<h3 class="wp-block-heading">EVgo: Charging Ahead</h3>
The Los Angeles-based company has a scalable business model and higher utilization.
EVgo's owner-operator model has given it a distinct edge in a market where EV sales have been slower than anticipated. According to JPMorgan's Bill Peterson, EVgo's fast-charging business is "scaling well with higher utilization and charge rates." Unlike its competitors, EVgo's revenue is directly tied to every kilowatt of electricity dispensed, allowing it to grow despite a muted EV demand environment.
The company has been delivering solid results, with network throughput growth, stable margins, and better operating leverage. With the potential backing of a Department of Energy loan commitment, Peterson sees EVgo's "pace of network buildout" accelerating, helping the company turn profitable by the end of 2025. The $7 price target reflects this optimistic outlook, as Peterson puts EVgo on his Positive Catalyst Watch.
<h3 class="wp-block-heading">ChargePoint: Running On Fumes</h3>
ChargePoint's business model relies heavily on hardware sales, which have been hit hard by slower-than-expected EV adoption. 
Peterson downgraded the stock to &#8216;Underweight,&#8217; citing concerns about its profitability and the lack of visibility into future growth.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41095651/chargepoint-siemens-power-ev-revolution-as-evtol-industry-prepares-for-liftoff">ChargePoint, Siemens Power EV Revolution As eVTOL Industry Prepares For Liftoff</a>
While ChargePoint's software margins are high, the company's hardware business hasn't scaled enough to move the needle. 
As Peterson points out, "ChargePoint's path to profitability remains less clear at this stage." The Campbell, California-based company's dependence on third-party site hosts to add more chargers leaves it exposed to underperformance, especially as demand from fleet and commercial customers remains sluggish.
<h3 class="wp-block-heading">EVgo Takes The Lead</h3>
In the current environment, EVgo's ability to control its own destiny and grow utilization sets it apart from ChargePoint. 
With its fast-charging owner-operator model firing on all cylinders, EVgo is poised to lead the EV charging race, while ChargePoint is left in the slow lane.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41164940/why-evgo-stock-is-charging-up-today">Why EVgo Stock Is Charging Up Today</a></li>
</ul>
Image: Courtesy of EVgo, Inc.

Analyst Color

Long Ideas

Tech

Trading Ideas

CHPT

EVGO

EVgo Vs. ChargePoint: Analyst Verdict On Which Stock Leads The EV Charging Race?

As part of the forthcoming Mental Health Awareness Week, End of Life Psychedelic Care (EOLPC), a nonprofit organization dedicated to integrating psychedelic medicine into end-of-life care, has launched the EOLPC Connector Directory, an online resource that connects terminally ill individuals with practitioners skilled in <a href="https://www.benzinga.com/topic/psychedelic-assisted-therapies">psychedelic-assisted therapy</a>. 
<h3 class="wp-block-heading">Expanding Access To End-Of-Life Care</h3>
The directory enables patients and caregivers to access professionals in psychedelic medicine and end-of-life care, providing a path to emotional healing for those facing anxiety, depression and existential distress. &#8220;Traditional services don't fully address the emotional and spiritual needs of older adults with terminal illnesses. Psychedelic therapy offers a powerful alternative, helping them find peace and emotional resilience,&#8221; said Lisa Ritter, LPC, co-founder of the Psilocybin-Assisted Psychotherapy Association and EOLPC Advisory Board member, referring to the <a href="https://www.benzinga.com/partner/health-care/24/04/38378856/90-of-americans-believe-we-are-experiencing-a-mental-health-care-crisis-elevate-health-and-we">mental health crisis</a> among older adults. 
Will Turner Heath, a death doula and EOLPC Board Member, highlighted the importance of accessibility. &#8220;I've seen firsthand how people nearing the end can feel abandoned&#8230; It's time we step up and provide the care our elders deserve.&#8221; 
<h3 class="wp-block-heading">Mental Illness Awareness Week</h3>
This year's Mental Illness Awareness Week runs from October 6-12, 2024, culminating in World Mental Health Day on October 10. The theme, "My Mental Health at Work," focuses on the impact that workplace environments have on mental well-being. This initiative, spearheaded by the National Alliance on Mental Illness in collaboration with the World Federation for Mental Health offer resources for both employers and employees to create healthier work environments and better support their staff's mental health.
Cover image made with AI

Cannabis

Psychedelics

Press Releases

End Of Life Psychedelic Care Launches Directory Connecting Caregivers And Patients

BMO Capital analyst John McNulty reiterates RPM Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>) with a Outperform and raises the price target from $139 to $149.

BMO Capital Reiterates Outperform on RPM Intl, Raises Price Target to $149

JP Morgan analyst Jeremy Tonet maintains Enbridge (TSX:<a class="ticker" href="https://www.benzinga.com/stock/ENB#TSX">ENB</a>) with a Overweight and raises the price target from C$57 to C$60.

TSX:ENB

JP Morgan Maintains Overweight on Enbridge, Raises Price Target to C$60

JP Morgan analyst Tessa Romero maintains Biohaven (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHVN#NYSE">BHVN</a>) with a Overweight and raises the price target from $55 to $68.

BHVN

JP Morgan Maintains Overweight on Biohaven, Raises Price Target to $68

BMO Capital analyst James Thalacker maintains Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>) with a Market Perform and raises the price target from $70 to $74.

BMO Capital Maintains Market Perform on Eversource Energy, Raises Price Target to $74

JP Morgan analyst Jimmy Bhullar maintains Aflac (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AFL#NYSE">AFL</a>) with a Neutral and raises the price target from $85 to $90.

JP Morgan Maintains Neutral on Aflac, Raises Price Target to $90

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is advancing technology beyond the digital space, pushing the boundaries of spatial artificial intelligence (AI) and robotics to bring the focus back to the physical world.
Nvidia&#8217;s Vice President of Omniverse and Simulation Technology, Rev Lebaredian, <a target="_blank" href="https://www.cnbc.com/2024/10/02/nvidia-spatial-ai-the-omniverse-next-big-thing.html" rel="noreferrer noopener">told</a> CNBC the real revolution lies in how AI interacts with the physical world.
At the core of Nvidia&#8217;s efforts is the Omniverse platform, where Lebaredian and his team develop precise digital replicas of real-world environments.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41139084/nvidia-expands-ai-offerings-with-new-open-source-models-and-unreal-engine-5-plugins" rel="noreferrer noopener">Nvidia Expands AI Offerings with New Open-Source Models and Unreal Engine 5 Plugins</a>
Lebaredian told CNBC creating intelligent robots starts by accurately representing the physical world inside a computer.
Nvidia is applying the technology in autonomous driving, visual assistance, and warehouse automation, where robots can simulate real-world scenarios in virtual spaces.
The stock is trading upwards on Thursday after the U.S. enacted reforms to boost the semiconductor sector.
<a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41158922/biden-signs-law-to-exempt-certain-us-chipmaking-facilities-from-federal-environmental-reviews-un" rel="noreferrer noopener">Under a fresh ruling</a>, the U.S. government fast-tracked the progress of particular U.S. Chips Act beneficiaries by exempting them from federal environmental reviews. The legislation followed the U.S. Fed rate cut to spur discretionary spending.
Nvidia chief Jensen Huang debunked Wall Street concerns by <a target="_blank" href="https://www.benzinga.com/news/24/10/41156900/nvidia-ceo-jensen-huang-says-demand-for-next-gen-blackwell-gpu-platform-insane-everyone-wants-to-hav" rel="noreferrer noopener">acknowledging huge demand</a> for Nvidia&#8217;s Blackwell&nbsp;GPU, which is in full production and progressing as planned.
Nvidia stock is up over 173% in the last 12 months despite losing over 6% in the previous five days.
Investors can gain exposure to Nvidia through Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>).
<h2 class="wp-block-heading">Will Nvidia Stock Go Up?</h2>
When trying to assess whether or not NVIDIA will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $152.69 on NVIDIA. The Street high target is currently at $200.0 and the Street low target is $90.0. Of all the analysts covering NVIDIA, 33 have positive ratings, 2 have neutral ratings and no one has negative ratings.
In the last month, 2 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/NVDA/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering NVIDIA have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. NVIDIA is 155.38% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about NVIDIA, visit <a href="https://www.benzinga.com/quote/NVDA">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
Price Action:&nbsp;NVDA stock is up 3.54% at $123.07 at the last check Thursday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40980388/amd-chief-predicts-custom-chips-will-outperform-gpus-sees-shift-in-ai-chip-demand-report" target="_blank" rel="noreferrer noopener">AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: Report</a></li>
</ul>
Image via Shutterstock

Media

NVDA

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

What's Going On With Nvidia Stock On Thursday?

Tutor Perini Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>) (the "Company"), a leading civil, building and specialty construction company, announced today that its subsidiary, Fisk Electric Company ("Fisk Electric"), has been awarded the first phase (valued at approximately $29 million) of a guaranteed maximum price contract currently valued at approximately $147 million by McCarthy Building Companies, Inc. for electrical services for the new Harris Health hospital on the Lyndon B. Johnson Hospital campus in Houston, Texas. The project owner is Harris Health. Fisk Electric's scope of work includes the core and shell and tenant finish-out electrical and fire alarm components for the ground-up construction of the new hospital tower and podium. Work is expected to begin in the fourth quarter of 2024 with substantial completion of the entire electrical contract anticipated in the fourth quarter of 2028.

Contracts

Tutor Perini's Fisk Electric Awarded First Phase Of The $147M Electrical Contract For A New Harris Health Hospital In Northeast Harris County, Texas

Cantor Fitzgerald analyst Brett Knoblauch reiterates Core Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) with a Overweight and maintains $20 price target.

Core Scientific, Inc. - Class A Common Stock

CORZ

Cantor Fitzgerald Reiterates Overweight on Core Scientific, Maintains $20 Price Target

Deep-pocketed investors have adopted a bearish approach towards Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ABNB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Airbnb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 4 are puts, totaling $209,250, and 4 are calls, amounting to $177,075.
<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 $105.0 to $135.0 for Airbnb during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Airbnb stands at 1162.4, with a total volume reaching 510.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Airbnb, situated within the strike price corridor from $105.0 to $135.0, throughout the last 30 days.
<h3>Airbnb 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727970478_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ABNB</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$21.5</td>
<td>$21.2</td>
<td>$21.2</td>
<td>$105.00</td>
<td>$84.8K</td>
<td style="text-align: right;">44</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$13.55</td>
<td>$13.4</td>
<td>$13.55</td>
<td>$135.00</td>
<td>$54.2K</td>
<td style="text-align: right;">540</td>
<td style="text-align: right;">123</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$13.55</td>
<td>$13.4</td>
<td>$13.55</td>
<td>$135.00</td>
<td>$54.2K</td>
<td style="text-align: right;">540</td>
<td style="text-align: right;">83</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$13.55</td>
<td>$13.4</td>
<td>$13.55</td>
<td>$135.00</td>
<td>$54.2K</td>
<td style="text-align: right;">540</td>
<td style="text-align: right;">43</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/15/25</td>
<td>$15.55</td>
<td>$15.3</td>
<td>$15.55</td>
<td>$125.00</td>
<td>$46.6K</td>
<td style="text-align: right;">193</td>
<td style="text-align: right;">84</td>
</tr>
</tbody>
</table>

<h3>About Airbnb</h3>
Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered over 8 million active accommodation listings as of June 30, 2024. Listings from the company's over 5 million hosts are spread over almost every country in the world. In 2023, 50% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.
In light of the recent options history for Airbnb, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Airbnb</h3>
<ul>
<li>Trading volume stands at 674,619, with ABNB's price down by -0.89%, positioned at $125.06.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 27 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
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 Airbnb with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

ABNB

Looking At Airbnb's Recent Unusual Options Activity

Deep-pocketed investors have adopted a bullish approach towards Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CVX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Chevron. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 64% leaning bullish and 35% bearish. Among these notable options, 4 are puts, totaling $175,475, and 10 are calls, amounting to $750,501.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $175.0 for Chevron over the recent 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 Chevron's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Chevron's significant trades, within a strike price range of $110.0 to $175.0, over the past month.
<h3>Chevron Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727970474_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>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.07</td>
<td>$2.06</td>
<td>$2.07</td>
<td>$165.00</td>
<td>$370.1K</td>
<td>8.6K</td>
<td>8</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$1.36</td>
<td>$1.3</td>
<td>$1.36</td>
<td>$155.00</td>
<td>$68.0K</td>
<td>1.0K</td>
<td>1.6K</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$1.52</td>
<td>$1.4</td>
<td>$1.5</td>
<td>$155.00</td>
<td>$59.5K</td>
<td>1.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>CVX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$14.3</td>
<td>$14.1</td>
<td>$14.3</td>
<td>$160.00</td>
<td>$52.9K</td>
<td>460</td>
<td>57</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$1.34</td>
<td>$1.2</td>
<td>$1.3</td>
<td>$155.00</td>
<td>$52.0K</td>
<td>1.0K</td>
<td>956</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
<h3>Current Position of Chevron</h3>
<ul>
<li>Currently trading with a volume of 1,728,624, the CVX's price is up by 0.13%, now at $151.14. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 29 days.</li>
</ul>
<h3>What The Experts Say On Chevron</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $173.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays persists with their Overweight rating on Chevron, maintaining a target price of $168. 
&#x2A; An analyst from Truist Securities has decided to maintain their Hold rating on Chevron, which currently sits at a price target of $150. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Chevron with a target price of $189. 
&#x2A; An analyst from Wells Fargo persists with their Overweight rating on Chevron, maintaining a target price of $169. 
&#x2A; An analyst from Mizuho has decided to maintain their Outperform rating on Chevron, which currently sits at a price target of $189. 
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 Chevron with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Decoding Chevron's Options Activity: What's the Big Picture?

Financial giants have made a conspicuous bullish move on Broadcom. Our analysis of options history for Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) revealed 23 unusual trades.
Delving into the details, we found 43% of traders were bullish, while 30% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $105,104, and 20 were calls, valued at $1,661,915.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $125.0 to $215.0 for Broadcom over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Broadcom's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Broadcom's significant trades, within a strike price range of $125.0 to $215.0, over the past month.
<h3>Broadcom 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727970468_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>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$3.7</td>
<td>$3.55</td>
<td>$3.64</td>
<td>$175.00</td>
<td>$364.0K</td>
<td>3.3K</td>
<td>4.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$7.4</td>
<td>$7.25</td>
<td>$7.4</td>
<td>$205.00</td>
<td>$256.0K</td>
<td>3.6K</td>
<td>349</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$7.1</td>
<td>$6.95</td>
<td>$7.02</td>
<td>$205.00</td>
<td>$140.4K</td>
<td>3.6K</td>
<td>563</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$13.8</td>
<td>$13.6</td>
<td>$13.65</td>
<td>$178.00</td>
<td>$136.5K</td>
<td>3.0K</td>
<td>10</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$6.2</td>
<td>$6.15</td>
<td>$6.2</td>
<td>$170.00</td>
<td>$124.0K</td>
<td>1.6K</td>
<td>643</td>
</tr>
</tbody>
</table>

<h3>About Broadcom</h3>
Broadcom is the sixth-largest semiconductor company globally and has expanded into various software businesses, with over $30 billion in annual revenue. It sells 17 core semiconductor product lines across wireless, networking, broadband, storage, and industrial markets. It is primarily a fabless designer but holds some manufacturing in-house, like for its best-of-breed FBAR filters that sell into the Apple iPhone. In software, it sells virtualization, infrastructure, and security software to large enterprises, financial institutions, and governments.Broadcom is the product of consolidation. Its businesses are an amalgamation of former companies like legacy Broadcom and Avago Technologies in chips, as well as Brocade, CA Technologies, and Symantec in software.
In light of the recent options history for Broadcom, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Broadcom's Current Market Status</h3>
<ul>
<li>With a trading volume of 4,326,497, the price of AVGO is up by 1.06%, reaching $172.47.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 63 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Broadcom</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $204.0.
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&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Broadcom, which currently sits at a price target of $180. 
&#x2A; Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Broadcom, targeting a price of $210. 
&#x2A; An analyst from Goldman Sachs persists with their Buy rating on Broadcom, maintaining a target price of $190. 
&#x2A; Consistent in their evaluation, an analyst from Rosenblatt keeps a Buy rating on Broadcom with a target price of $240. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $200. 
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 Broadcom, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

AVGO

Broadcom Unusual Options Activity

Lockheed Martin Corp.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>) business segment, Space Systems, recently clinched a modification contract for manufacturing its Trident II D5 missile. Per the terms of the deal, Lockheed will also offer deployed systems support and Warhead 93/Mark7 development for Trident II D5 missile.&nbsp;
<h2>Details of the Deal</h2>
Valued at $2.11 billion, the contract is projected to be completed by Sept. 30, 2029. The award has been provided by the Strategic Systems Programs, Washington, D.C.
A major portion of work related to this deal will be carried out in Denver, CO, Valley Forge, PA, Titusville, FL and Magna, UT.
<h2>LMT Stock&#39;s Place in Missile Market</h2>
Lockheed is a well-known manufacturer of missiles and missile defense systems in the global defense industry. While its Missiles and Fire Control&nbsp;business segment provides air and missile defense systems, tactical missiles and air-to-ground precision strike weapon systems like the Patriot Advanced Capability-3 (PAC-3), Terminal High Altitude Area Defense and Hellfire missiles, its Space Systems division builds notable strike missile as well as missile defense systems like the Next Generation Interceptor (NGI).&nbsp;
As far as Lockheed&#39;s Trident II D5 missile is concerned, it is the latest generation of the U.S. Navy&#39;s submarine-launched fleet ballistic missiles, following the highly successful Polaris, Poseidon and Trident I C4 programs. The fact that this program is the only submarine-launched intercontinental ballistic missile currently in production in the United States surely highlights its significance in the country&#39;s naval defense and the solid demand the company enjoys in the missile marketplace. The latest contract win is a bright example of that.&nbsp; &nbsp;
With such unique featured missile products in its portfolio, Lockheed frequently enjoys a solid order flow for the company&#39;s missiles from the Pentagon and other U.S. allies. This boosts the top-line growth for its MFC and Space Systems unit. Evidently, LMT&#39;s MFC unit registered 12.6% year-over-year growth in its sales in the last reported quarter, while Space Systems witnessed a 1% top-line rise.&nbsp;
<h2>What Lies Ahead for LMT Stock?</h2>
In the past decade, nations across the globe have significantly increased their spending on military equipment and weaponry to modernize and upgrade their defense systems in the face of rapidly rising geopolitical tensions and cross-border disputes worldwide. Amid this backdrop, the demand for missiles has also gained substantial momentum as these play a very important role in military missions.
This must have prompted the Morder Intelligence firm to predict that the global missile and missile defense systems market will witness a CAGR of 5% in the 2024-2029 period. Such solid market expansion projections exemplify immense growth opportunities for Lockheed.
Notably, the company&#39;s Space Systems unit&#39;s major programs include the Next Generation Overhead Persistent Infrared (Next Gen OPIR) system, which provides the U.S. Space Force with enhanced worldwide missile warning capabilities, apart from the Trident II missile. Moreover, its NGI program utilizes next-generation propulsion and sensors to provide homeland missile defense.
<h2>Growth Opportunities for LMT&#39;s Peers</h2>
Apart from LMT, other prominent defense majors that are likely to enjoy the perks of the expanding global missile and missile defense market are mentioned below:
Northrop Grumman (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>): It manufactures notable strike missiles like the Advanced Anti-Radiation Guided Missile Extended Range (AARGM-ER), which is a supersonic, air-launched tactical missile system. NOC&#39;s Missile Products business unit is a leading U.S. provider of solid rocket propulsion for national security and defense, providing stages for weapon systems, such as air-launched missiles, interceptors, submarine-launched systems and hypersonic missile systems.
NOC has a long-term earnings growth rate of 8.7%. The Zacks Consensus Estimate for its 2024 sales implies growth of 5.4% from the prior-year reported figure.
The Boeing Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>): Its air and missile defense systems have been protecting the United States, warfighters, allies and international partners against threats ranging from intercontinental ballistic missiles to hostile aircraft for the past 25 years. Its renowned missile and related products include the Aegis Ballistic Missile Defense, PAC-3 Missile Seeker, Ground-Based Midcourse Defense and a few more.&nbsp;
BA boasts a long-term earnings growth rate of 21.3%. The Zacks Consensus Estimate for BA&#39;s third-quarter 2024 sales indicates growth of 10% from the prior-year reported figure.
RTX Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>): It is a renowned manufacturer of missiles and missile defense systems. RTX&#39;s product portfolio includes combat-proven missiles like the TOW missile, Guidance Enhanced Missile, Advanced Medium Range Air-to-Air Missile, Tomahawk, Standard Missile 2 and a few more.&nbsp;
RTX boasts a long-term earnings growth rate of 10.4%. The Zacks Consensus Estimate for its 2024 sales indicates growth of 7% from the prior-year reported figure.
<h2>Price Movement</h2>
In the past year, shares of Lockheed have surged a solid 49.3% compared with the industry&#39;s growth of 17.9%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/23/80164.jpg?v=635114415" /> 
Image Source: Zacks Investment Research
<h2>Zacks Rank</h2>
LMT currently carries a Zacks Rank #2 (Buy).
<a href="https://www.zacks.com/stock/news/2345287/lockheed-wins-2-1b-contract-to-aid-trident-ii-d5-missile-program?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2345287">To read this article on Zacks.com click here.</a>

Earnings

Large Cap

Lockheed Wins $2.1B Contract to Aid Trident II D5 Missile Program

BMO Capital analyst James Thalacker maintains American Electric Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEP#NASDAQ">AEP</a>) with a Outperform and raises the price target from $109 to $114.

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Cantor Fitzgerald analyst Brett Knoblauch reiterates Cleanspark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) with a Overweight and maintains $23 price target.

CLSK

Cantor Fitzgerald Reiterates Overweight on Cleanspark, Maintains $23 Price Target

Kamala Harris is taking a different approach to cryptocurrency than President Joe Biden and she's making moves. Harris isn't just talking about being more crypto-friendly. She's already sending her aides out to build relationships with <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40983710/anthony-scaramucci-quips-kamala-means-bitcoin-in-every-language-but-biden-harris-administr">crypto investors</a> and Democrats in Congress who support digital assets.
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Her team includes Brian Nelson and Louisa Terrell, two people familiar with crypto. They've met with crypto executives and pro-crypto Democrats like Rep. Wiley Nickel, who said, "You're going to see a much more balanced approach from President Harris on this issue." Harris is positioning herself as more open to crypto than Biden.
Recently, she discussed blockchain at a Wall Street donor event, signaling her intent to include <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41024955/novogratz-predicted-kamala-harris-would-embrace-crypto-heres-how-long-it-took">crypto in her platform.</a> "We will encourage innovative technologies like AI and digital assets while protecting consumers and investors," she said, outlining a vision that balances support for tech with caution.
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Harris' campaign hasn't commented publicly, but crypto investors are paying attention. She's seen as a more favorable candidate to the sector than Biden, who has ramped up crypto crackdowns. Crypto backers hope she might reverse some of the aggressive policies by SEC Chair Gary Gensler. Last year, the SEC brought 46 crypto-related enforcement actions, including a big case against Coinbase. The crypto community has felt under siege and Harris' approach could be a sign of relief.
Trending: Amid the ongoing EV revolution, previously overlooked low-income communities<a href="https://www.benzinga.com/money/dunamis-1"> now harbor a huge investment opportunity at just $500.</a>
Her team is also building alliances with pro-crypto figures like billionaire investor Mark Cuban, who's expected to personally lobby lawmakers on upcoming crypto bills. Cuban's involvement shows how serious Harris is about courting the industry, especially when contrasted with Donald Trump's recent endorsement of a crypto platform run by his sons.
Crypto companies are also throwing big money into the 2024 election. According to Public Citizen, they've spent at least $119 million supporting candidates who back the industry. Harris' stance could help her win their favor, though she's still not seen as a full ally to the extent Trump is. "They're trying to figure out what the right place for her to be is," said Blockchain Association CEO Kristin Smith, who has been in touch with Harris' team.
Trending: This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a>
In Congress, the battle over crypto regulation is heating up. Some Democrats like Sen. Jon Tester, once critical of crypto, are softening their stance, saying, "I always said we got to put side rails on it." But others, like Sen. Elizabeth Warren, remain skeptical. Warren emphasized the need for rules to keep crypto from being used for illegal activities.
Harris is navigating a fine line. Her friendlier tone on crypto is a <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40981866/uniswap-ceo-admits-biden-has-been-bad-for-crypto-but-kamala-harris-comments-are-encouragin">marked shift from Biden,</a> but it's still unclear how far she'll go in supporting the industry if she wins the presidency. For now, though, crypto investors are watching closely, hoping Harris is the change they've been waiting for.
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Kamala Harris Is Courting Crypto Investors. Here's How She's Taking A Friendlier Approach Than Biden

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Constellation Energy shares are trading higher after RBC Capital maintained a Sector Perform rating on the stock and raised its price target from $214 to $272.

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