Latest news for BBX Capital (OTC:BBXIB) Stock

BBX Capital Inc is a diversified holding company. Its reportable segments are BBX Capital Real Estate, BBX Sweet Holdings, and Renin. It derives maximum profit from BBX Capital Real Estate segment.

BBX Capital Inc

Maison Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSS#NASDAQ">MSS</a>), a specialty grocery retailer offering traditional Asian and international food, shares are trading higher Tuesday after the company reported its first-quarter financial results after Monday's closing bell. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/09/ac40990866/maison-solutions-reports-first-quarter-2025-financial-results">details from the report.&nbsp;</a>
The Details:
Maison Solutions reported $29.6 million in sales for the quarter, up from $13.8 million in the prior year's quarter. Maison said its newly acquired subsidiary, Lee Lee Oriental Supermart, Inc. substantially contributed to the revenue increase, totaling $18.2 million.
The company also reiterated its revenue guidance for fiscal year 2025 of between $120 million and $125 million and expects to be net income positive for the fiscal year. 
Read Next: <a href="https://www.benzinga.com/news/24/09/40991747/snowflake-stock-dips-on-offering-after-hours-what-to-know">Snowflake Stock Dips On Offering After-Hours: What To Know</a>
&#8220;We are pleased with our financial results for Q1 2025, as it marked the first full quarter with Lee Lee included under the Maison Solutions umbrella,&#8221; said John Xu, CEO of Maison Solutions. &#8220;We are encouraged by the immediate financial impact Lee Lee has had across all metrics, importantly, gross margins, which improved from 22.6% in the same quarter last year to 27.9%, getting us closer to the coveted 30% goal for our industry."
According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Maison Solutions shares are trading on heavy volume with more than 77 million shares already traded in Tuesday's session. 
MSS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Mission Solutions shares are up 90.2% at $1.35 at the time of publication Tuesday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40991529/what-happened-with-palantir-stock-today">What Happened With Palantir Stock Today?</a></li>
</ul>
Image: Moondance from Pixabay

Earnings

News

Movers

Merrill Lynch & Strategic Return Notes for Select 10 Index

What's Going On With Maison Solutions Stock After Earnings?

Elliott Sends Second Open Letter to Its Fellow Shareholders
Declares Intent to Call a Special Meeting in Coming Weeks, Given Urgent Need for Leadership Change
Southwest's Use of "False Record Dates" Requires Shareholders Take Action Now to Protect Their Investment
WEST PALM BEACH, Fla., Sept. 24, 2024 /PRNewswire/ -- Elliott Investment Management L.P. ("Elliott"), which manages funds that together have an investment representing an approximately&nbsp;11% economic interest in Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) (the "Company" or "Southwest"), today sent a second open letter to its fellow Southwest shareholders.
In the letter, Elliott Partner John Pike and Portfolio Manager Bobby Xu wrote that although Elliott's goal has been to collaborate with Southwest to restore accountability and best-in-class financial performance, Southwest has chosen a go-it-alone path, featuring a chaotic series of defensive actions, with the goal of obstructing a leadership change that is urgently needed. The letter made clear that Elliott intends to formally call a special meeting in the coming weeks – possibly as soon as next week.
The letter also alerted shareholders to certain defensive actions that Southwest's leaders are taking and urged them to take action to ensure they would be able to vote their shares. Southwest has provided several potential record dates (so-called "false record dates") to banks and brokers in anticipation of Elliott calling a special meeting. The next "false record date" set by Southwest is October 7. Therefore, Elliott strongly urged all Southwest shareholders – especially those who engage in share lending or authorize their brokers to engage in share lending – to work with their banks and brokers as soon as possible to confirm that they are able to vote all their Southwest shares by no later than October 7.

Management

Elliott Issues Letter To Southwest Shareholders, Declares Intent To Call A Special Meeting In Coming Weeks

Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) shares are seeing a drop Tuesday following reports indicating the U.S. Department of Justice (DOJ) is preparing to file an antitrust lawsuit against the <a href="https://www.benzinga.com/markets/equities/24/09/40996656/visa-reportedly-faces-doj-antitrust-lawsuit-alleging-monopolization-of-us-debit-card-market-amid">global payments company.</a>
What To Know: According to Bloomberg, the DOJ is expected to accuse Visa of monopolizing the U.S. debit card market, alleging that the company has engaged in anti-competitive practices, including exclusivity agreements that prevent competitors from entering the space.
The case is the result of years of investigation into Visa&#8217;s business practices, particularly following its failed acquisition attempt of Plaid Inc. in 2021. Additionally, the DOJ has been examining Visa&#8217;s &#8220;tokenization&#8221; technology pricing, which could have also hindered the expansion of rival networks and technology companies looking to enter the market.
This lawsuit is part of a broader regulatory crackdown by the DOJ, which has been targeting monopolistic practices across several industries. The Justice Department has recently been investigating other large tech companies, such as Alphabet and NVIDIA Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), as part of its efforts to curb anti-competitive behavior.
VISA Price Action: Visa&#8217;s stock were down by 4.17% at $276.60 according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="561" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24112241/VISA-1024x561.png" alt="" class="wp-image-563567" style="width:484px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24112241/VISA-1024x561.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24112241/VISA-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24112241/VISA-768x421.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24112241/VISA.png 1078w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/41003814/chinese-stocks-jump-as-central-bank-unveils-major-stimulus-to-spur-economy-a-step-in-the-right-direc">Chinese Stocks Jump As Central Bank Unveils Major Stimulus To Spur Economy: &#8216;A Step In The Right Direction&#8217;</a></li>
</ul>
Image Via Shutterstock.

NVDA

Visa Shares Are Moving Lower Today: What You Need To Know

Whales with a lot of money to spend have taken a noticeably bearish stance on Newmont.
Looking at options history for Newmont (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 31% of the investors opened trades with bullish expectations and 68% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $102,300 and 20, calls, for a total amount of $2,023,989.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $35.0 to $60.0 for Newmont over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Newmont options trades today is 4825.67 with a total volume of 32,656.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Newmont's big money trades within a strike price range of $35.0 to $60.0 over the last 30 days.
<h3>Newmont 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727195450_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.55</td>
<td>$2.5</td>
<td>$2.51</td>
<td>$60.00</td>
<td>$200.7K</td>
<td>22.3K</td>
<td>7.7K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.53</td>
<td>$2.5</td>
<td>$2.5</td>
<td>$60.00</td>
<td>$200.0K</td>
<td>22.3K</td>
<td>2.8K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.49</td>
<td>$2.45</td>
<td>$2.46</td>
<td>$60.00</td>
<td>$196.9K</td>
<td>22.3K</td>
<td>3.6K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.48</td>
<td>$2.45</td>
<td>$2.46</td>
<td>$60.00</td>
<td>$194.3K</td>
<td>22.3K</td>
<td>3.6K</td>
</tr>
<tr>
<td>NEM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.5</td>
<td>$2.45</td>
<td>$2.45</td>
<td>$60.00</td>
<td>$193.1K</td>
<td>22.3K</td>
<td>5.2K</td>
</tr>
</tbody>
</table>

<h3>About Newmont</h3>
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
After a thorough review of the options trading surrounding Newmont, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Newmont's Current Market Status</h3>
<ul>
<li>With a trading volume of 4,370,682, the price of NEM is up by 2.14%, reaching $55.65.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 30 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Newmont</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $61.5.
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; Showing optimism, an analyst from Argus Research upgrades its rating to Buy with a revised price target of $58. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Newmont with a target price of $65. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Newmont options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Behind the Scenes of Newmont's Latest Options Trends

Financial giants have made a conspicuous bearish move on Wells Fargo. Our analysis of options history for Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) revealed 11 unusual trades.
Delving into the details, we found 27% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $300,870, and 7 were calls, valued at $327,805.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $45.0 and $70.0 for Wells Fargo, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Wells Fargo stands at 8544.7, with a total volume reaching 8,874.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Wells Fargo, situated within the strike price corridor from $45.0 to $70.0, throughout the last 30 days.
<h3>Wells Fargo Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727195445_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$3.35</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$55.00</td>
<td>$151.8K</td>
<td>5.0K</td>
<td>476</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$0.21</td>
<td>$0.2</td>
<td>$0.2</td>
<td>$60.00</td>
<td>$88.9K</td>
<td>15.4K</td>
<td>4.4K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$4.05</td>
<td>$4.0</td>
<td>$4.05</td>
<td>$52.50</td>
<td>$74.9K</td>
<td>2.1K</td>
<td>294</td>
</tr>
<tr>
<td>WFC</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$0.86</td>
<td>$0.84</td>
<td>$0.85</td>
<td>$55.00</td>
<td>$74.1K</td>
<td>4.6K</td>
<td>1.6K</td>
</tr>
<tr>
<td>WFC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.05</td>
<td>$10.0</td>
<td>$10.0</td>
<td>$45.00</td>
<td>$44.0K</td>
<td>16.6K</td>
<td>63</td>
</tr>
</tbody>
</table>

<h3>About Wells Fargo</h3>
Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company has four primary segments: consumer banking, commercial banking, corporate and investment banking, and wealth and investment management. It is almost entirely focused on the U.S.
After a thorough review of the options trading surrounding Wells Fargo, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Wells Fargo's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 6,980,596, the WFC's price is down by -2.38%, now at $53.8. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 17 days.</li>
</ul>
<h3>What The Experts Say On Wells Fargo</h3>
3 market experts have recently issued ratings for this stock, with a consensus target price of $65.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Wells Fargo with a target price of $65. 
&#x2A; Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Wells Fargo, targeting a price of $65. 
&#x2A; In a positive move, an analyst from Deutsche Bank has upgraded their rating to Buy and adjusted the price target to $65. 
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 Wells Fargo, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Wells Fargo's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on Core Scientific. Our analysis of options history for Core Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) revealed 18 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 61% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $396,842, and 15 were calls, valued at $799,051.
<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 $8.5 to $20.0 for Core Scientific over the last 3 months. 
<h3>Analyzing 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 Core Scientific'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 Core Scientific's whale activity within a strike price range from $8.5 to $20.0 in the last 30 days. 
<h3>Core Scientific Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727195440_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>CORZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$0.75</td>
<td>$0.65</td>
<td>$0.65</td>
<td>$11.00</td>
<td>$195.3K</td>
<td>3.4K</td>
<td>3.0K</td>
</tr>
<tr>
<td>CORZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.8</td>
<td>$3.4</td>
<td>$3.4</td>
<td>$12.00</td>
<td>$171.5K</td>
<td>89</td>
<td>501</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.9</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$17.00</td>
<td>$135.0K</td>
<td>3.1K</td>
<td>1.8K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$3.2</td>
<td>$3.0</td>
<td>$3.09</td>
<td>$10.00</td>
<td>$93.0K</td>
<td>24.9K</td>
<td>27</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.5</td>
<td>$2.45</td>
<td>$2.5</td>
<td>$10.00</td>
<td>$85.0K</td>
<td>4.8K</td>
<td>1.7K</td>
</tr>
</tbody>
</table>

<h3>About Core Scientific</h3>
Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.
After a thorough review of the options trading surrounding Core Scientific, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Core Scientific's Current Market Status</h3>
<ul>
<li>Trading volume stands at 3,334,258, with CORZ's price up by 0.64%, positioned at $12.57.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 50 days.</li>
</ul>
<h3>Professional Analyst Ratings for Core Scientific</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $17.25.
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 Needham downgraded its action to Buy with a price target of $16. 
&#x2A; An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $20. 
&#x2A; An analyst from Canaccord Genuity has revised its rating downward to Buy, adjusting the price target to $16. 
&#x2A; An analyst from Bernstein has revised its rating downward to Outperform, adjusting the price target to $17. 
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 Core Scientific, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Core Scientific, Inc. - Class A Common Stock

CORZ

Check Out What Whales Are Doing With CORZ

Iron Mountain (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IRM#NYSE">IRM</a>) has outperformed the market over the past 5 years by 15.58% on an annualized basis producing an average annual return of 29.56%. Currently, Iron Mountain has a market capitalization of $34.74 billion. 
Buying $100 In IRM: If an investor had bought $100 of IRM stock 5 years ago, it would be worth $367.42 today based on a price of $118.44 for IRM at the time of writing.
<h3>Iron Mountain's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727195415_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.

Trading Ideas

If You Invested $100 In This Stock 5 Years Ago, You Would Have $400 Today

Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) has outperformed the market over the past 10 years by 12.62% on an annualized basis producing an average annual return of 23.85%. Currently, Old Dominion Freight Line has a market capitalization of $42.57 billion. 
Buying $100 In ODFL: If an investor had bought $100 of ODFL stock 10 years ago, it would be worth $841.39 today based on a price of $198.63 for ODFL at the time of writing.
<h3>Old Dominion Freight Line's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727195410_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.

ODFL

$100 Invested In This Stock 10 Years Ago Would Be Worth $800 Today

Toyota Motor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) shares are trading lower on Tuesday. The company disclosed that it has increased its share buyback plan to up to 1.2 trillion yen ($8.31 billion) from 1 trillion yen.
The company aims to repurchase up to 530 million shares, or 3.93% of its outstanding shares, excluding treasury shares.
The duration of the share buyback remains the same, from May 9, 2024, to April 30, 2025. The automaker&#8217;s move <a href="https://global.toyota/pages/global_toyota/ir/stock/share/commonstock_20240924_en.pdf" target="_blank" rel="noreferrer noopener">reflects </a>the current stock price level and other factors.
Notably, the company resolved to increase the maximum limit for share repurchases. If shares are repurchased through the Tokyo Stock Exchange&#8217;s off-auction system, the remaining limit from the May 8 decision will be 115.5 billion yen (90 million shares).
With this increase, Toyota can now repurchase up to 315.5 billion yen (210 million shares).
In July, the company disclosed plans to repurchase ¥806.8 billion ($5.2 billion) of its shares<a target="_blank" href="https://www.benzinga.com/markets/asia/24/07/39900435/toyota-announces-5-2b-share-buyback-from-japanese-banks-and-insurers" rel="noreferrer noopener"> from key Japanese banks and insurers</a>.
The move is part of a broader strategy to untangle its shareholdings with financial partners.
This month, Toyota Motor reportedly trimmed its 2026 EV production target by 30% to 1 million cars <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40752119/whats-going-on-with-toyota-motor-stock-today" rel="noreferrer noopener">due to a slowdown in global demand</a>.
Investors can gain exposure to the stock via&nbsp;Trust for Professional Managers ActivePassive International Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APIE#NYSE">APIE</a>) and&nbsp;Avantis International Large Cap Value ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVIV#NYSE">AVIV</a>).
Price Action: TM shares are down 0.63% at $184.24 at the last check Tuesday.
Photo by RYO Alexandre on Shutterstock
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Large Cap

Buybacks

APIE

AVIV

Toyota Boosts Share Buyback Program: Details Here

Analyst Ratings

TSLA

Live On CNBC, Bill Baruch Announces Bought More Exxon Mobil, Trims Tesla

SEC Commissioner Hester Peirce on Tuesday admitted that the agency moved forward <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40876874/sec-moves-to-amend-binance-lawsuit-reinforcing-claims-of-unregistered-securities-sales">with regulatory actions</a> against crypto entities despite being aware of potential legal issues.
What Happened: &#8220;We knew ahead of time that there were legal questions about whether we have the authority to do what we did, but we moved forward,&#8221; she <a href="https://www.youtube.com/live/AeA_3bXYb8s">said</a> at the House Financial Services Committee hearing on Tuesday.
She added that this approach was harmful to the SEC&#8217;s institutional integrity, highlighting the agency&#8217;s struggles in navigating the regulatory landscape for digital assets.
Rep. Tom Emmer sharply questioned SEC Chair Gary Gensler, accusing him of leading a lawless campaign against the crypto industry. &#8220;You&#8217;ve abused the agency's enforcement tools and even baited companies eager to comply, only to hit them with enforcement actions,&#8221; Emmer said during the hearing.
<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/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41007125/caitlin-long-says-progressives-are-actually-big-bank-corporatists-as-republican-lawmakers-">Caitlin Long Says &#8216;Progressives Are Actually Big-Bank Corporatists&#8217; As Republican Lawmakers Urge SEC To Repeal Crypto Accounting Rule</a>
Why It Matters: Gensler, who has been at the center of the SEC&#8217;s push for crypto regulation, defended the agency's actions, pointing to court rulings that affirmed the clarity of the Howey test, which is used to determine what constitutes a security.
"Court after court has said Howey provides clearly expressed tests for determining what constitutes an investment contract,&#8221; Gensler said. 
He also acknowledged the risks inherent in the crypto industry, including cybersecurity concerns, particularly with exchange-traded funds (ETFs), stating, "The concentration could be a risk, and that&#8217;s why competition is good as well.&#8221;
Emmer did not hold back in his criticism, accusing the SEC of causing confusion in the market and lacking accountability. "You've made up the term ‘crypto asset security'—it's nowhere in statute. You used this term as the basis for your entire enforcement crusade, only for your lawyers to retract it in court," Emmer said, highlighting the inconsistencies in the SEC's approach to regulation.
&#8220;Your inconsistencies on this issue, sir, have set this country back. We could not have had a more historically destructive or lawless chairman of the SEC,&#8221; Emmer said.
What&#8217;s Next: These ongoing debates and regulatory developments will be a major focus of Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41002643/bitcoin-etfs-see-4-5m-inflow-but-miners-could-actually-cause-the-next-big-move-up">Bitcoin ETFs See $4.5M Inflow, But Miners Could Actually Cause The Next Big Move Up</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

Gary Gensler-Led SEC Moved Forward With Enforcing Crypto Regulation 'Despite Legal Problems,' Commissioner Admits In Hearing

ADBE

Live On CNBC, Jim Lebenthal Announces Bought More Adobe, Trims Visa

Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) <a href="https://newsroom.spotify.com/2024-09-24/ai-playlist-expanding-usa-canada-ireland-new-zealand/">expanded</a> its AI Playlist feature to new regions, giving Premium subscribers in the U.S., Canada, Ireland and New Zealand access to a text-based <a href="https://www.benzinga.com/general/entertainment/23/01/30289843/spotifys-time-capsule-lets-you-capture-your-playlist-in-a-bottle-now-and-revisit-it-a-year-">playlist creation tool. </a>
Launched in the U.K. and Australia earlier this year, the beta feature is now available to more users as Spotify continues refining its AI-driven service.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/08/40470764/spotify-boasts-395-surge-in-anime-music-streams-teams-up-with-crunchyroll">Spotify Boasts 395% Surge In Anime Music Streams, Teams Up With Crunchyroll</a>
The AI Playlist, accessible within Spotify's mobile app, allows users to create customized playlists by simply describing what they want to hear. 
Subscribers can find this new tool by tapping the "+" button at the top right of their library and selecting "AI Playlist" from the drop-down menu. From there, they can describe their desired playlist, such as "spooky songs for Halloween" or "upbeat music for a workout."
As the service evolves, Spotify's AI continues to "actively learn and iterate with each exchange," according to an official statement from the company. 
<h1 class="wp-block-heading">How It Works</h1>
When users submit a text description, the AI generates a playlist of 30 songs, which can be further refined based on feedback. The tool recognizes descriptions of genres, moods, decades or specific artists.
The AI Playlist beta is currently available only on Spotify's mobile app, leaving desktop and web app users waiting for future updates.
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39969370/whats-next-for-spotify-more-price-hikes-could-be-coming-after-strong-q2-performance">What&#8217;s Next For Spotify? More Price Hikes Could Be Coming After Strong Q2 Performance</a></li>
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Photo: Shutterstock.

Entertainment

General

SPOT

Spotify's AI Playlist Now Available In US, Other Countries: Here's How It Works

B of A Securities analyst Andrew Obin reiterates Flowserve (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLS#NYSE">FLS</a>) with a Buy and maintains $60 price target.

Price Target

Reiteration

B of A Securities Reiterates Buy on Flowserve, Maintains $60 Price Target

B of A Securities analyst Joshua Dennerlein maintains American Healthcares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) with a Buy and raises the price target from $27 to $31.

B of A Securities Maintains Buy on American Healthcares, Raises Price Target to $31

Bitwise Chief Investment Officer Matt Hougan on Tuesday reported a significant shift in cryptocurrency adoption among <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40773784/bitcoin-etfs-are-not-an-adoption-vehicle-with-holders-on-2b-unrealized-losses-analyst-says">top financial advisors</a>, stating that &#8220;the most powerful people in finance are finally allocating to crypto.&#8221;
What Happened: This observation comes from his keynote <a href="https://experts.bitwiseinvestments.com/cio-memos/almost-every-hand-went-up">address </a>at the Barron&#8217;s Advisor 100 Summit, an annual gathering of the most influential financial advisors in the United States.
During his presentation, Hougan conducted an informal survey that revealed a dramatic increase in personal crypto investments among attendees.
When asked about personal ownership of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) or other crypto assets, Hougan noted, &#8220;This year, nearly every hand in the room went up. I don&#8217;t have an exact count, but I&#8217;d estimate at least 70% of the advisors in the room raised their hands.&#8221;
This marks a substantial increase from previous years, when only about 10-20% of attendees indicated personal crypto ownership. 
However, Hougan observed a stark contrast between personal and professional crypto investments, stating, &#8220;When I asked the same room how many of them had allocations to Bitcoin in client accounts, very few kept their hands raised.&#8221;
<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/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41007125/caitlin-long-says-progressives-are-actually-big-bank-corporatists-as-republican-lawmakers-">Caitlin Long Says &#8216;Progressives Are Actually Big-Bank Corporatists&#8217; As Republican Lawmakers Urge SEC To Repeal Crypto Accounting Rule</a>
Despite this discrepancy, Hougan remains optimistic about the future of crypto adoption in client portfolios. 
Drawing from his experience, he explained, &#8220;One thing I&#8217;ve learned&#8230; is that advisors virtually always allocate first in their personal accounts. Client allocations typically follow 6 to 12 months later.&#8221;
The Bitwise CIO sees this trend as a powerful indicator of future growth in the crypto market, concluding, &#8220;When it spreads from them to their clients, things could get interesting quickly.&#8221;
What&#8217;s Next: For those interested in exploring the future of digital assets further, the upcoming Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19 will provide additional insights into the evolving landscape of cryptocurrency and its impact on traditional finance.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41002643/bitcoin-etfs-see-4-5m-inflow-but-miners-could-actually-cause-the-next-big-move-up">Bitcoin ETFs See $4.5M Inflow, But Miners Could Actually Cause The Next Big Move Up</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

$BTC

Bitwise CIO Matt Hougan: 'The Most Powerful People In Finance Are Allocating To Crypto'

September has always been the worst month for the stock market. In early September, stocks gyrated as investors were concerned about a cooling U.S. economy. However, things have begun to improve following the Federal Reserve&#39;s half-point interest rate cut that restored faith in economic strength.&nbsp;
According to the Dow Jones Market Data, the S&amp;P 500, the Dow and the Nasdaq have gained more than 1% this month and are about to crush their dismal September run for the first time in five years. And since stocks are well-poised to diverge from a discouraging historical trend, it&#39;s prudent for astute investors to place their bets on breakout stocks that can take advantage of the stock market&#39;s largely broader upward movement.&nbsp;
To pick breakout stocks, investors should zero in on stocks whose prices vary within a narrow band. If the stock price falls below this channel, it could be the best time to sell it off. However, the best time to buy a stock per this strategy is when it is about to break above this trading band. Such stocks offer the prospect of impressive gains.
To that end, Bioventus Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bvs#NASDAQ">BVS</a>), Great Lakes Dredge &amp; Dock Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gldd#NASDAQ">GLDD</a>) and AxoGen, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axgn#NASDAQ">AXGN</a>) have been selected as the breakout stocks for today.
<h2>Zeroing in on Breakout Stocks</h2>
To select the right breakout stock, one has to first calculate its support and resistance level. A support level is the lower bound for stock movements, while a resistance level refers to the maximum price it trades within a considerable period.
In other words, the demand for a stock is at its lowest at its support level, which means that most traders are willing to sell it. At the resistance level, most traders are willing to go long on the stock, meaning they would like to add it to their portfolio.&nbsp;
<h2>Has a Genuine Breakout Happened?</h2>
The primary risk associated with such a strategy is that the decision to buy an apparent breakout candidate has been incorrectly timed. When a stock moves above the resistance level, it should be a highly prized commodity for traders. However, whether such a breakout is genuine is another matter altogether.
For a bona fide breakout, the stock&#39;s earlier resistance barrier should become its new support level. This only happens if the trading channel that has been established is tested by observing long-term price trends. The strength of the support and resistance levels can be ascertained only through such a study. Despite the risk of misidentification, correctly identifying such stocks can yield considerable returns, even at a price that may not seem attractive at first glance.
<h2>Screening Criteria Using Research Wizard:</h2>
&bull; Percentage price change over four weeks between 10% and 20% (Stocks showing considerable price increases but whose gains are not excessive.)
&bull; Current Price /52-Week High greater than or equal to 0.9 (Stocks trading 90% close to their 52-week highs.)
&bull; Zacks Rank less than or equal to #2 (Only Strong Buy and Buy rated stocks can get through.)
No matter whether the market is good or bad, stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have a proven history of outperformance.
&bull; Beta for 60 months less than or equal to 2
(Stocks that move more than the broader market but within a reasonable limit.)
&bull; Current price less than or equal to $20 (Stocks reasonably priced.)
These criteria narrow the universe of more than 6,853 stocks to only 15. Here are the top three stocks:
<h2>Bioventus&nbsp;</h2>
Bioventus delivers clinically proven, cost-effective products that help people heal quickly and safely. BVS has an expected earnings growth rate of 1,900% for the current year. BVS currently has a Zacks Rank #1.
<h2>Great Lakes Dredge &amp; Dock&nbsp;</h2>
Great Lakes Dredge &amp; Dock is the largest provider of dredging services in the United States. GLDD has an expected earnings growth rate of 471.4% for the current year. GLDD currently has a Zacks Rank #2.
<h2>AxoGen&nbsp;</h2>
AxoGen engages in developing and marketing surgical solutions for peripheral nerves. AXGN has an expected earnings growth rate of 94.1% for the current year. AXGN currently has a Zacks Rank #2.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2340104/first-september-gains-in-5-years-buy-3-breakout-stocks-now?cid=CS-BENZ-FT-analyst_blog|rw-2340104">To read this article on Zacks.com click here.</a>

Small Cap

Federal Reserve

AXGN

GLDD

First September Gains in 5 Years? Buy 3 Breakout Stocks Now

B of A Securities analyst Justin Post maintains Maplebear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) with a Neutral and raises the price target from $41 to $45.

CART

B of A Securities Maintains Neutral on Maplebear, Raises Price Target to $45

BioVie Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIVI#NASDAQ">BIVI</a>) shares are trading lower by 56.1% to $1.23 during Tuesday&#8217;s session after the company announced it raised $3 million through a secondary offering of 1.96 million shares at <a href="https://www.benzinga.com/pressreleases/24/09/g40994191/biovie-inc-announces-pricing-of-public-offering">$1.53 per share</a>.
What To Know: BioVie announced the pricing of a public offering consisting of 1,960,800 shares of its common stock (or pre-funded warrants) and accompanying warrants to purchase the same number of shares. The combined offering price is $1.53 per share or warrant, with an exercise price of $1.53 per share, exercisable immediately for five years. 
The company expects to raise approximately $3 million from the offering, before fees and expenses, and plans to use the proceeds for working capital and general corporate purposes. 
The clinical-stage company anticipates that the offering will close on September 25, with ThinkEquity as the sole placement agent.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/09/41003814/chinese-stocks-jump-as-central-bank-unveils-major-stimulus-to-spur-economy-a-step-in-the-right-direc">Chinese Stocks Jump As Central Bank Unveils Major Stimulus To Spur Economy: &#8216;A Step In The Right Direction&#8217;</a>
<h2 class="wp-block-heading">Should I Sell My BIVI Stock?</h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of BioVie have lost 96.43% year to date. This compares to the average annual return of -66.09%, meaning the stock has underperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a>

BIVI

Why BioVie (BIVI) Stock Is Down Over 50% Today

B of A Securities analyst Justin Post maintains eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Neutral and raises the price target from $57 to $65.

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