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Foreign Equity Funds See Big Movements - ETF Winners And Losers: Mid-Cap Flows

Pool (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POOL#NASDAQ">POOL</a>) has outperformed the market over the past 15 years by 9.89% on an annualized basis producing an average annual return of 22.47%. Currently, Pool has a market capitalization of $14.12 billion. 
Buying $100 In POOL: If an investor had bought $100 of POOL stock 15 years ago, it would be worth $2,090.25 today based on a price of $368.61 for POOL at the time of writing.
<h3>Pool's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716305466_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Trading Ideas

POOL

Here's How Much $100 Invested In Pool 15 Years Ago Would Be Worth Today

High-rolling investors have positioned themselves bullish on Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in C often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 10 options trades for Citigroup. This is not a typical pattern.
The sentiment among these major traders is split, with 60% bullish and 30% bearish. Among all the options we identified, there was one put, amounting to $48,440, and 9 calls, totaling $479,055.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $22.5 and $65.0 for Citigroup, spanning the last three months.
<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 Citigroup's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Citigroup's significant trades, within a strike price range of $22.5 to $65.0, over the past month.
<h3>Citigroup Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716305466_0_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$3.35</td>
<td>$3.3</td>
<td>$3.35</td>
<td>$62.50</td>
<td>$117.2K</td>
<td>9.9K</td>
<td style="text-align: right;">9</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$10.4</td>
<td>$10.3</td>
<td>$10.36</td>
<td>$55.00</td>
<td>$103.6K</td>
<td>13.3K</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$41.9</td>
<td>$41.5</td>
<td>$41.75</td>
<td>$22.50</td>
<td>$83.5K</td>
<td>32</td>
<td style="text-align: right;">23</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$2.8</td>
<td>$2.77</td>
<td>$2.8</td>
<td>$65.00</td>
<td>$48.4K</td>
<td>2.3K</td>
<td style="text-align: right;">173</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$34.15</td>
<td>$33.9</td>
<td>$34.15</td>
<td>$30.00</td>
<td>$34.1K</td>
<td>645</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>

<h3>About Citigroup</h3>
Citigroup is a global financial-services company doing business in more than 100 countries and jurisdictions. Citigroup's operations are organized into five primary segments: services, markets, banking, US personal banking, and wealth management. The bank's primary services include cross-border banking needs for multinational corporates, investment banking and trading, and credit card services in the United States.
Following our analysis of the options activities associated with Citigroup, we pivot to a closer look at the company's own performance.
<h3>Current Position of Citigroup</h3>
<ul>
<li>Currently trading with a volume of 2,082,387, the C's price is up by 1.47%, now at $64.09. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 52 days.</li>
</ul>
<h3>Expert Opinions on Citigroup</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $86.0.
<ul>
<li>Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Citigroup with a target price of $86. </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 Citigroup with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Looking At Citigroup's Recent Unusual Options Activity

Public Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSA#NYSE">PSA</a>) has outperformed the market over the past 20 years by 1.5% on an annualized basis producing an average annual return of 9.55%. Currently, Public Storage has a market capitalization of $50.24 billion. 
Buying $100 In PSA: If an investor had bought $100 of PSA stock 20 years ago, it would be worth $626.13 today based on a price of $285.90 for PSA at the time of writing.
<h3>Public Storage's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716305460_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 20 Years Ago, You Would Have $600 Today

Whales with a lot of money to spend have taken a noticeably bullish stance on Affirm Holdings.
Looking at options history for Affirm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $351,538 and 7, calls, for a total amount of $392,919.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $40.0 for Affirm Holdings over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Affirm Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Affirm Holdings's significant trades, within a strike price range of $25.0 to $40.0, over the past month.
<h3>Affirm Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716305461_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>AFRM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.08</td>
<td>$1.99</td>
<td>$2.01</td>
<td>$25.00</td>
<td>$251.2K</td>
<td>1.1K</td>
<td>1.2K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$8.65</td>
<td>$8.6</td>
<td>$8.65</td>
<td>$27.50</td>
<td>$115.9K</td>
<td>106</td>
<td>63</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$5.65</td>
<td>$5.2</td>
<td>$5.6</td>
<td>$32.50</td>
<td>$84.5K</td>
<td>531</td>
<td>1</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$8.65</td>
<td>$8.55</td>
<td>$8.65</td>
<td>$27.50</td>
<td>$51.0K</td>
<td>106</td>
<td>60</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$10.05</td>
<td>$9.95</td>
<td>$10.05</td>
<td>$27.50</td>
<td>$50.2K</td>
<td>184</td>
<td>78</td>
</tr>
</tbody>
</table>

<h3>About Affirm Holdings</h3>
Affirm Holdings Inc offers a platform for digital and mobile-first commerce. It comprises a point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. The firm generates its revenue from merchant networks, and through virtual card networks among others. Geographically, it generates a majority share of its revenue from the United States.
Following our analysis of the options activities associated with Affirm Holdings, we pivot to a closer look at the company's own performance.
<h3>Current Position of Affirm Holdings</h3>
<ul>
<li>Trading volume stands at 1,361,327, with AFRM's price down by -2.82%, positioned at $32.1.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 93 days.</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 Affirm Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

AFRM

This Is What Whales Are Betting On Affirm Holdings

Investors with a lot of money to spend have taken a bearish stance on Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</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 PLTR, 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 16 uncommon options trades for Palantir Technologies.
This isn't normal.
The overall sentiment of these big-money traders is split between 31% bullish and 56%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $253,666, and 12 are calls, for a total amount of $888,091.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $3.0 and $26.0 for Palantir Technologies, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Palantir Technologies'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 Palantir Technologies's whale activity within a strike price range from $3.0 to $26.0 in the last 30 days. 
<h3>Palantir Technologies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716305456_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>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.34</td>
<td>$2.33</td>
<td>$2.33</td>
<td>$25.00</td>
<td>$257.9K</td>
<td>11.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$6.2</td>
<td>$6.1</td>
<td>$6.1</td>
<td>$18.00</td>
<td>$157.9K</td>
<td>2.6K</td>
<td>262</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.45</td>
<td>$5.35</td>
<td>$5.4</td>
<td>$22.00</td>
<td>$133.3K</td>
<td>3.6K</td>
<td>248</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$19.5</td>
<td>$17.9</td>
<td>$18.5</td>
<td>$3.00</td>
<td>$74.0K</td>
<td>696</td>
<td>40</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$12.25</td>
<td>$12.15</td>
<td>$12.15</td>
<td>$10.00</td>
<td>$68.0K</td>
<td>2.4K</td>
<td>100</td>
</tr>
</tbody>
</table>

<h3>About Palantir Technologies</h3>
Palantir is an analytical software company that focuses on leveraging data to create efficiencies in its clients' organizations. The firm serves commercial and government clients via its Foundry and Gotham platforms, respectively. The Denver-based company was founded in 2003 and went public in 2020.
Following our analysis of the options activities associated with Palantir Technologies, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Palantir Technologies</h3>
<ul>
<li>With a trading volume of 10,307,046, the price of PLTR is down by -1.59%, reaching $21.28.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 76 days from now.</li>
</ul>
<h3>What The Experts Say On Palantir Technologies</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $22.6.
<ul>
<li>Maintaining their stance, an analyst from RBC Capital continues to hold a Underperform rating for Palantir Technologies, targeting a price of $9. </li>
<li>In a cautious move, an analyst from Wedbush downgraded its rating to Outperform, setting a price target of $35. </li>
<li>An analyst from Citigroup has decided to maintain their Neutral rating on Palantir Technologies, which currently sits at a price target of $25. </li>
<li>Consistent in their evaluation, an analyst from Deutsche Bank keeps a Sell rating on Palantir Technologies with a target price of $20. </li>
<li>An analyst from DA Davidson persists with their Neutral rating on Palantir Technologies, maintaining a target price of $24. </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 Palantir Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

PLTR

Palantir Technologies Unusual Options Activity

Customers can add a Navigo card to Apple Wallet and simply tap their iPhone or Apple Watch to ride the metro, train, bus, and more in the Paris region
Apple&#xAE; and Île-de-France Mobilités today introduced an easy, secure, and private way for customers to add a new Navigo card to Apple Wallet&#xAE; and purchase passes to ride transit in the Paris region. Riders can buy passes from the Île-de-France Mobilités iOS app or directly from Apple Wallet, and use an iPhone&#xAE; or Apple Watch&#xAE; to tap and ride. Additionally, beginning this week, real-time transit information in Apple Maps is available in Paris to help users navigate their travels throughout the city.

Apple And Île-de-France Mobilités Introduce Navigo Card For iPhone And Apple Watch

NIO Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">are trading higher on Tuesday</a>.
The company&#8217;s office campus in Shanghai reportedly received a visit from&nbsp;&nbsp;Xiaomi Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/XIACY#OTC">XIACY</a>) founder, chairman, and CEO&nbsp;Lei Jun&nbsp;to check out the L60, the<a target="_blank" href="https://www.benzinga.com/news/24/05/38913123/nio-xpeng-take-twice-as-long-as-tesla-to-pay-suppliers-whats-ailing-chinese-ev-makers" rel="noreferrer noopener">&nbsp;first model from NIO&#8217;s sub-brand Onvo.</a>
Nio&#8217;s founder, chairman, and CEO&nbsp;William Li&nbsp;disclosed&nbsp;the news&nbsp;today on Douyin, China&#8217;s TikTok equivalent, with a video showcasing him and Lei Jun beside an Onvo L60,&nbsp;<a target="_blank" href="https://cnevpost.com/2024/05/20/xiaomi-ceo-visits-nio/" rel="noreferrer noopener">CnEV Post reported.</a>
Later&nbsp;on Weibo, Lei stated that he led his team to visit Nio&#8217;s Li to express gratitude for his assistance in&nbsp;the launch of&nbsp;Xiaomi&#8217;s debut model, the SU7, the report added.
Additionally, as per local automotive media outlet Auto Home, a delegation from Xiaomi&#8217;s car-making division, Xiaomi EV, comprising Hu Zhengnan (Head of Vehicles), Yu Liguo (Head of Product), Li Xiaoshuang (Head of Marketing), and Huang Zhenyu (Head of Supply Chain), accompanied Lei during his visit to Nio and examined the L60, CnEV Post added.
However, neither Li&#8217;s short video nor Yiche&#8217;s report provided additional details regarding Lei&#8217;s visit, the report read.
Reportedly, Lei proposed a unified in-vehicle ecosystem concept during a meeting attended by Nio&#8217;s Li and Onvo President Ai Tiecheng, as seen in a leaked video obtained by CnEV Post.
Lei&#8217;s initiative was interpreted as an attempt to integrate Xiaomi ecosystem products into interiors of other brands&#8217; vehicles, not solely Xiaomi EV models, the report stated.&nbsp;
Xiaomi introduced the SU7, a rival to&nbsp;Tesla, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)&nbsp;Model 3, on March 28, aiming to deliver 100,000 units in 2024.&nbsp;
Nio debuted its Onvo sub-brand on May 15, unveiling the L60, a competitor to Tesla&#8217;s Model Y.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, NIO stock has fallen over 41% in the past year. Investors can gain exposure to the stock via KraneShares MSCI China Clean Technology Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGRN#NYSE">KGRN</a>) and Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Price Action: NIO shares are down 1.05% to $5.17 at last check Tuesday.
Read Next:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/05/38941348/whats-going-on-with-ibm-shares-on-tuesday" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With IBM Shares On Tuesday?</a>&nbsp;
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy of Nio.

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General

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PowerShares Golden Dragon Halter USX China Portfolio

TSLA

XIACY

Why NIO Shares Are Gaining Tuesday?

While the national rental market edges upward for the first time in a year, the Sun Belt is experiencing a downturn, with major cities seeing some of the sharpest rent declines in the country, according to data from Redfin. Across the Sun Belt, metropolitan areas including Austin, Texas; Nashville, Tennessee; and Jacksonville, Florida, are seeing declines in rental prices. The shift marks a reversal from the increases seen during the pandemic and reflects an oversupply as the <a href="https://www.benzinga.com/real-estate/24/04/38166728/construction-costs-climb-while-crane-numbers-decline-signaling-industry-shift">construction boom outpaces demand</a>, experts say. "The Sun Belt has built a ton of new apartments in recent years, partly to meet the surge in demand brought on by the flood of people who moved in during the pandemic housing boom," Redfin Senior Economist Sheharyar Bokhari said in the Redfin report. "But the boom is over, and now property owners are struggling to fill vacancies, which is causing rents to fall," he added. 
Don't Miss:
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<li>Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">Here's how you can collect passive rental income without being a landlord</a>.</li>
<li>Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US. <a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital">Investing in its booming real estate market has never been more accessible</a>.  </li>
</ul>
 The Sun Belt, a region that stretches across the southern and southwestern U.S., includes states from Florida to California. Notably, the region had also been a hot spot for real estate development, particularly during the pandemic, when remote work policies enabled many to relocate away from colder, more expensive cities. According to the report, the region is reeling from the consequences of that overexpansion. During the pandemic, a surge in construction aimed at meeting escalating demand led to a glut of available properties today. Coupled with a normalization of migration patterns, this is now resulting in downward pressure on rents. In cities like Austin, rents plummeted by 6.6% year-over-year, according to Redfin's data. Nashville, Tennessee, saw a 5.9% decrease, and in Jacksonville, Florida, rents fell by 5.6%. The figures represent some of the steepest declines across the U.S., where the median national asking rent otherwise rose slightly by 1.1% to $1,648.
 "The good news is that the uptick in housing supply in the Sun Belt has improved affordability for renters, which can be a lesson for other American cities grappling with housing affordability challenges," Bokhari noted.&nbsp;
Trending:
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<li>Become a real estate investor today — <a href="https://www.benzinga.com/money/casa-shares">How to start small by mirroring BlackRock's big move</a>.</li>
</ul>
 Florida's major metro areas are also <a href="https://www.benzinga.com/real-estate/reit/24/04/38047304/unlocking-wealth-millennials-new-path-to-prosperity-with-real-estate">seeing declines</a>. In Miami, rents fell by 5%, while Jacksonville saw a 5.6% drop. The cities, along with others in the state, have seen an influx of new constructions that now exceed the current demand, contributing to the falling rental prices. The oversupply issue is mirrored in other Sun Belt cities like San Diego and Phoenix, where rents have decreased by 4.7% and 4.6%, respectively.
However, the regional downturn contrasts with trends in other parts of the country, particularly the Midwest and Northeast, where rental markets are seeing increases. For instance, Minneapolis and Cincinnati saw some of the largest increases, with rents jumping 10.3% and 9.9%, respectively.&nbsp;
 Although the rate of rent increases has slowed compared to the pandemic period, asking rents remain high, presenting an affordability issue for some renters, Redfin noted. In April, the median rent was $52 less than the record high of $1,700 set in August 2022. Here are the top 10 U.S. metropolitan areas with the steepest year-over-year declines in asking rents as of last month: 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>City</td>
<td>Median asking rent</td>
<td>Year-over-year decline</td>
</tr>
<tr>
<td>Seattle, WA</td>
<td>$2,072</td>
<td>-7.3%</td>
</tr>
<tr>
<td>Austin, TX</td>
<td>$1,564</td>
<td>-6.6%</td>
</tr>
<tr>
<td>Nashville, TN</td>
<td>$1,599</td>
<td>-5.9%</td>
</tr>
<tr>
<td>Jacksonville, FL</td>
<td>$1,557</td>
<td>-5.6%</td>
</tr>
<tr>
<td>Miami, FL</td>
<td>$2,485</td>
<td>-5.0%</td>
</tr>
<tr>
<td>San Diego, CA</td>
<td>$2,909</td>
<td>-4.7%</td>
</tr>
<tr>
<td>Phoenix, AZ</td>
<td>$1,545</td>
<td>-4.6%</td>
</tr>
<tr>
<td>Charlotte, NC</td>
<td>$1,499</td>
<td>-4.5%</td>
</tr>
<tr>
<td>Tampa, FL</td>
<td>$1,765</td>
<td>-4.3%</td>
</tr>
<tr>
<td>Orlando, FL</td>
<td>$1,811</td>
<td>-3.2%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li>Passive income investments are one of the most trusted methods for riding out a recession, so it's no surprise that people are turning to this <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">Jeff Bezos-backed startup to generate monthly rental income without having to purchase their own property</a>.</li>
<li>Want to Create a Passive Income Stream? <a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail">These High-Yield Real Estate Notes Might Be Your Holy Grail</a></li>
</ul>

Real Estate

Rents Retreat Across Sun Belt, Bucking U.S. Upward Trend

UBS analyst Jon Windham maintains First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>) with a Buy and raises the price target from $252 to $270.

Price Target

Analyst Ratings

FSLR

UBS Maintains Buy on First Solar, Raises Price Target to $270

WIIM

WALD

Waldencast shares are trading higher after the company reported a year-over-year increase in Q1 sales results.

Fiscal 2024 Outlook: We expect full year Comparable Net Revenues to grow faster than the growth rate seen in the Q1 2024. Adjusted EBITDA Margin for FY2024 is expected to be in the mid-teens, substantially higher than FY 2023 of 11.2%. This will be driven by anticipated improvement of Gross Margin vs. 2023 and dilution of fixed expenses, balanced with efficient investments in sales and marketing growth drivers.

Guidance

Waldencast Expects FY Comparable Net Revenues To Grow Faster Than The Growth Rate Seen In The Q1 2024. Adjusted EBITDA Margin For FY24 Is Expected To Be In The Mid-Teens, Higher Than FY23 Of 11.2%

Deutsche Bank analyst Scott Deuschle maintains Heico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with a Buy and raises the price target from $209 to $235.

Deutsche Bank Maintains Buy on Heico, Raises Price Target to $235

UBS analyst Joshua Spector maintains Ecolab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) with a Buy and raises the price target from $269 to $270.

UBS Maintains Buy on Ecolab, Raises Price Target to $270

Economist and crypto trader Alex Krüger recently shared his base case scenario for the crypto market, offering incisive predictions about Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) <a href="https://www.benzinga.com/money/ethereum-eth-price-predictions">future price trajectories</a>.
What Happened: Krüger&#8217;s base case scenario is "Bitcoin much higher into year-end, with Ethereum underperforming due to a possible ETF rejection. He also predicts that the forthcoming U.S. elections could change the landscape dramatically and a change in regulatory leadership, potentially leading to Gary Gensler's removal, would pave the way for an Ethereum ETF approval in 2025. "Ethereum overperforming from the U.S. elections onwards," he suggests.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">My base case scenario has been &#8211; Bitcoin much higher into year end &#8211; Ethereum underperforming due to an ETF rejection &#8211; Ethereum overperformimg from the US elections onwards, as elections would lead to a Gensler removal and subsequent ETF approval in 2025 An ETH ETF approval… <a href="https://t.co/8rEAeYHMbK">pic.twitter.com/8rEAeYHMbK</a>
&mdash; Alex Krüger (@krugermacro) <a href="https://twitter.com/krugermacro/status/1792832858702135462?ref_src=twsrc%5Etfw">May 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Yet, should an Ethereum ETF approval come as early as this week, Krüger argues that it would accelerate everything significantly. Commenting on the immediate reaction of Ethereum, he states "Today's move was just the market repositioning and shorts closing."
An unexpected ETF approval could unleash substantial inflows, driving Ethereum to new all-time highs. "Do not fade an approval. It is not even remotely priced in," Krüger warns. However, ETH/BTC continues to remain in red year-to-date, presenting an opportunity for considerable upward momentum.
<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/24/05/38941358/ethereum-prints-banana-zone-candle-with-largest-one-day-market-cap-gain-at-71b-following-p">Ethereum Prints &#8216;Banana Zone Candle&#8217; With Largest One-Day Market Cap Gain At $71B Following Potential ETF Approval</a>
Why It Matters: The potential for an ETF rejection is not dismissed lightly. Krüger acknowledges the significant downside risk, stating, "If the ETF gets rejected, we are in for a world of pain." Therefore, he advises traders to stay vigilant and keep alerts active during U.S. trading hours until the decision on May 23.
Bloomberg ETF analysts updated their approval chances to 75% <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38926646/bitcoin-smashes-70k-ethereum-pumps-12-on-etf-approval-bombshell-odds-of-approval-75-tweets">on Monday</a>.
In conclusion, Alex Krüger's analysis highlights the dramatic influence an Ethereum ETF decision could have on the market. Whether it comes this week or post-election, the approval could catalyze a major bullish run for Ethereum. However, traders should remain cautious and prepared for the potential fallout of a rejection.
What&#8217;s Next: The influence of <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Ethereum as an institutional asset class</a> is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38931468/big-ethereum-whale-adds-on-to-bullish-long-position-as-spot-etf-approval-probability-jumps">Big Ethereum Whale Adds On To Bullish Long Position As Spot ETF Approval Probability Jumps — Swaps Wrapped Bitcoin Worth Over $25M For ETH</a>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

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

Cryptocurrency

$BTC

$ETH

Spot Ethereum ETF Approval 'Not Even Remotely Priced In,' Warns Trader Who Sees 'Ethereum Overperforming From US Elections Onwards'

Waldencast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WALD#NASDAQ">WALD</a>) reported $68.27 million in sales this quarter. This is a 13.88 percent increase over sales of $59.95 million the same period last year.

Earnings

Waldencast Q1 Sales $68.27M Up From $59.95M YoY

UBS analyst Mauricio Serna maintains Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) with a Neutral and raises the price target from $145 to $155.

UBS Maintains Neutral on Abercrombie & Fitch, Raises Price Target to $155

Benchmark analyst Josh Sullivan reiterates Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>) with a Buy and maintains $12 price target.

Reiteration

ACHR

Benchmark Reiterates Buy on Archer Aviation, Maintains $12 Price Target

Suzano shares are trading lower following reports indicating the company is in talks to raise its offer for International Paper.

VinFast Auto Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFS#NASDAQ">VFS</a>) shares&nbsp;are falling&nbsp;on Tuesday&nbsp;on&nbsp;reports of a U.S. regulator&nbsp;investigation into&nbsp;a&nbsp;<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">crash involving a VF 8 vehicle.</a>
The National Highway Traffic Safety Administration (NHTSA) will reportedly probe certain events surrounding the April 24 incident, which tragically resulted in the deaths of a couple and their<a target="_blank" href="https://www.benzinga.com/short-sellers/24/05/38882666/vinfast-auto-surges-30-in-5-days-charts-signal-strong-bullish-trend-more-than-just-a-short-squeeze" rel="noreferrer noopener">&nbsp;13 and 9-year-old children, Reuters reported.</a>
Pleasanton Police stated that the driver involved in the single-vehicle accident seemingly lost control, colliding with a sizable oak tree,&nbsp;with&nbsp;speed&nbsp;potentially&nbsp;contributing&nbsp;to the incident.
Apart from this, the company landed in hot waters following a complaint by real estate services firm&nbsp;SPG Center LLC, which indicates that VinFast is allegedly facing a lawsuit in a California court over unpaid rent for a store, although&nbsp;VinFast refutes the accuracy of the claim, Reuters reported.
According to SPG Center, VinFast leased premises in a Palo Alto shopping center from March 2023 but ceased payment from May 2023 until last month.&nbsp;
The complaint, filed on May 14 in California&#8217;s Superior Court for Santa Clara County, alleges an outstanding balance of nearly $356,000, equivalent to twelve months&#8217; rent.
&#8220;The allegation that VinFast has not paid rent from May 1, 2023, to April 1, 2024, is inaccurate,&#8221; VinFast said in a statement to Reuters.
&#8220;We have made monthly rent payments up to and including March 2024. We have suspended rent payments since April 2024 due to ongoing negotiations with the landlord to amend the lease agreement,&#8221; VinFast added.
VinFast is also under investigation for alleged patent violations regarding&nbsp;aluminium&nbsp;used in the VF8 from&nbsp;ArcelorMittal&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AMSYF#OTC">AMSYF</a>).&nbsp;
Additionally, two law firms filed a class action lawsuit against VinFast in April on behalf of shareholders, alleging financial losses due to&nbsp;misleading statements, Reuters added.
Price Action: VFS shares are trading lower by 10.3% to $5.67 at last check Tuesday. 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image Via Shutterstock

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Latest News for Avantis International Small Cap Value ETF (ARCA:AVDV)

Monday, November 06, 2023