Latest news for Crona (OTC:CCCP) Stock

Crona Corp operates in the memorialization industry. It serves customers in the cemetery and funeral industries by providing a variety of funeral products including funeral caskets. The company's customers include funeral homes, funeral suppliers, and casket distributors in the U.S. market.

Crona Corp

Former U.S. President Donald Trump commented on the future of crypto, jokingly suggesting it could be used to pay off the <a href="https://www.benzinga.com/economics/macro-economic-events/24/08/40368118/true-us-debt-is-175-trillion-former-coinbase-cto-on-unpayable-crisis">country&#8217;s national debt</a>.
What Happened: At a recent fundraising event, Trump tongue-in-cheek commented on crypto&#8217;s potential to pay the growing U.S. national debt. 
Asked about crypto's future, he <a href="https://x.com/BitcoinMagazine/status/1838139837729181982?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1838139837729181982%7Ctwgr%5E9606e6555e11882d793170cdca5c90619490122e%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptonewsz.com%2Ftrump-says-crypto-could-be-key-to-pay-35t-debt%2F">said</a>, "I think it's a good future. If you look at how far it&#8217;s come, I think it has a great future, it really does." He added, "Maybe we'll pay off the $35 trillion. "I'll write out a little piece of paper, 35 trillion crypto. We have no debt. Right? That's what I like."
Polymarket <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1727100757745">data</a> shows Kamala Harris leading the election betting odds by a narrow 50.8% to 47.7% margin. The Vice President <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40972902/kamala-harris-finally-mentions-crypto-and-that-too-on-wall-street-promises-to-encourage-in">also commented</a> on the future of digital assets at a Manhattan fundraiser, adding it to &#8220;innovative technologies&#8221; like artificial intelligence that are worth supporting.
<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/24/09/40971599/well-its-crypto-its-ai-its-some-of-the-other-things-says-donald-trump-unsure-of-what-his-n">&#8216;Well, It&#8217;s Crypto, It&#8217;s AI, It&#8217;s Some Of The Other Things,&#8217; Says Donald Trump, Unsure Of What His New Crypto Project Even Is</a>
Why It Matters: Last week, Trump announced his latest crypto-related business venture, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40853339/donald-trumps-son-barron-is-his-chief-defi-visionary-but-the-real-mastermind-behind-world-">World Liberty Financial</a>, in cooperation with his sons, Donald Trump Jr. and Eric Trump and two little-known crypto entrepreneurs.
In another step to show his acceptance of crypto, Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40932192/trump-pays-up-for-smash-burgers-and-diet-cokes-with-bitcoin-during-new-york-campaign-halt-">used Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to pay for his meal</a> at a New York City bar. Google Trends data indicated that the search interest for the words "Donald Trump Crypto" spiked to the highest level in the past 90 days.
In July 2019, Trump had <a href="https://x.com/realDonaldTrump/status/1149472282584072192">said</a> that unregulated crypto assets like Bitcoin and others can "facilitate unlawful behavior, including drug trade and other illegal activity" but has since pivoted 180 degrees on his position.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40974739/trump-sold-bitcoin-themed-sneakers-and-nfts-now-hes-promoting-a-self-designed-coin-featuri">Trump Sold Bitcoin-Themed Sneakers And NFTs: Now He&#8217;s Promoting A &#8216;Self-Designed&#8217; Coin Featuring His Own Image</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

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$BTC

Donald Trump Sees 'Good Future' For Crypto, Suggests It Could Help Pay Off $35 Trillion National Debt

Sanofi CEO Says Has Some Undisclosed Obesity Drug Development Programs And Is Making Some Investments In Third Parties "That Have A Shot"

<a href="https://www.theverge.com/2024/9/21/24250867/jony-ive-confirms-collaboration-openai-hardware" title="https://www.theverge.com/2024/9/21/24250867/jony-ive-confirms-collaboration-openai-hardware">https://www.theverge.com/2024/9/21/24250867/jony-ive-confirms-collaboration-openai-hardware</a>
&nbsp;
Jony Ive has confirmed that he's working with OpenAI CEO Sam Altman on an AI hardware project. The confirmation came today as part of <a href="https://www.nytimes.com/2024/09/21/technology/jony-ive-apple-lovefrom.html">a profile of Ive in The New York Times</a>, nearly a year after the possibility of a collaboration between Altman and the longtime Apple designer was <a href="https://www.theverge.com/2023/9/28/23893939/jony-ive-openai-sam-altman-iphone-of-artificial-intelligence-device">first reported on</a>.
There aren't a lot of details on the project. Ive reportedly met Altman through Brian Chesky, the CEO of Airbnb, and the venture is being funded by Ive and the Emerson Collective, Laurene Powell Jobs' company. The Times reports it could raise $1 billion in funding by the end of the year, but makes no mention of Masayoshi Son, the SoftBank CEO <a href="https://www.theverge.com/2023/9/28/23893939/jony-ive-openai-sam-altman-iphone-of-artificial-intelligence-device">rumored last year to have invested $1 billion in the project</a>.
The project only has 10 employees currently, but they include Tang Tan and Evans Hankey, two key people who worked with Ive on the iPhone. LoveFrom, Ive's company, is leading the device's design, according to the report. The team is reportedly now working out of a 32,000-square-foot office building in San Francisco, part of a $90 million strip of real estate that Ive has bought up on single city block.
As for the device itself? The Times says that Ive and Altman discussed "how generative AI made it possible to create a new computing device because the technology could do more for users than traditional software" due to its ability to handle complicated requests. Last year it was rumored to be inspired by touchscreen technology and the original iPhone.
But it sounds like few specifics are nailed down. LoveFrom cofounder Marc Newson told the Times that the AI product —&nbsp;and when it'll come to market —&nbsp;are still being figured out

MSFT

Reported September 21, 2024 "Jony Ive Confirms He's Working On A New Device With OpenAI/ The Confirmation Comes In A Major New York Times Profile About What Ive's Been Up To Since Leaving Apple" - The Verge

WIIM

SPCB

SuperCom shares are trading higher after the company announced it received a three-year contract with the European government to deploy its PureSecurity domestic violence monitoring solution.

Meta Platforms shares are trading higher after Citigroup raised its price target on the stock from $580 to $645.

AVAV

AeroVironment shares are trading higher after the U.S. Army lifted a stop-work order on a contract with a ceiling value of $990 million related to the Switchblade systems.

LUCY

Innovative Eyewear shares are trading lower after the company announced the exercise of $2.6 million worth of warrants.

Financial giants have made a conspicuous bullish move on Apollo Global Management. Our analysis of options history for Apollo Global Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) revealed 11 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 18% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $320,042, and 9 were calls, valued at $2,669,497.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $110.0 to $135.0 for Apollo Global Management over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Apollo Global Management'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 Apollo Global Management's whale trades within a strike price range from $110.0 to $135.0 in the last 30 days. 
<h3>Apollo Global Management Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727101881_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>APO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.6</td>
<td>$9.8</td>
<td>$10.1</td>
<td>$125.00</td>
<td>$505.0K</td>
<td>8.3K</td>
<td>2.0K</td>
</tr>
<tr>
<td>APO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$10.4</td>
<td>$10.0</td>
<td>$10.1</td>
<td>$125.00</td>
<td>$505.0K</td>
<td>8.3K</td>
<td>1.5K</td>
</tr>
<tr>
<td>APO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.0</td>
<td>$9.8</td>
<td>$10.0</td>
<td>$125.00</td>
<td>$500.0K</td>
<td>8.3K</td>
<td>520</td>
</tr>
<tr>
<td>APO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$7.8</td>
<td>$7.4</td>
<td>$7.42</td>
<td>$135.00</td>
<td>$398.6K</td>
<td>1.0K</td>
<td>811</td>
</tr>
<tr>
<td>APO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.4</td>
<td>$10.1</td>
<td>$10.1</td>
<td>$125.00</td>
<td>$378.7K</td>
<td>8.3K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Apollo Global Management</h3>
Apollo Global Management Inc is an alternative investment manager. It serves various sectors such as chemicals, manufacturing and industrial, natural resources, consumer and retail, consumer services, business services, financial services, leisure, and media and telecom and technology. The company operates in three business segments that are Asset Management, Retirement Services, and Principal Investing. It generates maximum revenue from the Retirement Services segment.
Having examined the options trading patterns of Apollo Global Management, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Apollo Global Management Standing Right Now?</h3>
<ul>
<li>With a volume of 794,454, the price of APO is up 1.47% at $126.31. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
<h3>Expert Opinions on Apollo Global Management</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $142.5.
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; In a cautious move, an analyst from Wells Fargo downgraded its rating to Overweight, setting a price target of $132. 
&#x2A; In a cautious move, an analyst from Redburn Atlantic downgraded its rating to Buy, setting a price target of $153. 
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 Apollo Global Management with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Market Whales and Their Recent Bets on APO Options

Deep-pocketed investors have adopted a bullish approach towards American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</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 AXP 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 American Express. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 71% leaning bullish and 28% bearish. Among these notable options, 4 are puts, totaling $355,532, and 10 are calls, amounting to $885,031.
<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 $140.0 and $320.0 for American Express, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</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 American Express'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 American Express's whale activity within a strike price range from $140.0 to $320.0 in the last 30 days. 
<h3>American Express 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727101875_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$7.5</td>
<td>$7.3</td>
<td>$7.3</td>
<td>$270.00</td>
<td>$232.1K</td>
<td>265</td>
<td style="text-align: right;">336</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$19.05</td>
<td>$18.8</td>
<td>$19.05</td>
<td>$320.00</td>
<td>$148.5K</td>
<td>40.6K</td>
<td style="text-align: right;">498</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$137.95</td>
<td>$136.3</td>
<td>$136.3</td>
<td>$140.00</td>
<td>$136.3K</td>
<td>73</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$19.05</td>
<td>$19.0</td>
<td>$19.05</td>
<td>$320.00</td>
<td>$125.7K</td>
<td>40.6K</td>
<td style="text-align: right;">390</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$19.05</td>
<td>$18.8</td>
<td>$19.05</td>
<td>$320.00</td>
<td>$114.3K</td>
<td>40.6K</td>
<td style="text-align: right;">310</td>
</tr>
</tbody>
</table>

<h3>About American Express</h3>
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
In light of the recent options history for American Express, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is American Express Standing Right Now?</h3>
<ul>
<li>With a volume of 258,501, the price of AXP is up 0.88% at $271.35. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 25 days.</li>
</ul>
<h3>Professional Analyst Ratings for American Express</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $265.0.
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 B of A Securities has decided to maintain their Neutral rating on American Express, which currently sits at a price target of $265. 
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 American Express, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

This Is What Whales Are Betting On American Express

Barclays analyst Ramsey El-Assal maintains Green Dot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) with a Underweight and raises the price target from $7 to $10.

Price Target

Analyst Ratings

GDOT

Barclays Maintains Underweight on Green Dot, Raises Price Target to $10

Economic activity in the U.S. private sector grew at a slightly faster pace than anticipated in September, marking a stark contrast between the healthy services sector and the struggling manufacturing industry, according to the flash estimates from the Purchasing Managers&#8217; Index (PMI) report released by <a href="https://www.benzinga.com/topic/macro-economic-events">S&amp;P Global on Monday.</a>
Despite better-than-expected readings for both the composite and services PMIs, two concerning trends emerged from September's surveys. 
First, the manufacturing sector&#8217; deepened contraction&#8217;s contraction deepened, with output levels hitting their lowest level since December 2023. Second, inflationary pressures resurfaced, notably in the same month the Federal Reserve announced <a href="https://www.benzinga.com/markets/equities/24/09/40965372/fed-delivers-large-interest-rate-cut-in-bid-to-sustain-labor-market-stocks-gold-set-new-record-h">a 50-basis-point interest rate cut</a>, with signals of further cuts ahead.
<h3 class="wp-block-heading">September Flash PMI Reports: Key Highlights</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Index</th>
<th>September 2024</th>
<th>August 2024</th>
<th>Forecast (September)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Composite PMI</td>
<td>54.4</td>
<td>54.6</td>
<td>54.3</td>
</tr>
<tr>
<td>Services PMI</td>
<td>55.4</td>
<td>55.7</td>
<td>55.3</td>
</tr>
<tr>
<td>Manufacturing PMI</td>
<td>47.0</td>
<td>47.9</td>
<td>48.9</td>
</tr>
</tbody>
</table>
</figure>
<ul>
<li>Composite PMI: Eased from 54.6 in August to 54.4 but slightly outpaced the forecast of 54.3, as tracked by TradingEconomics.</li>
<li>Services PMI: Slowed from 55.7 to 55.4, still above the expected 55.3, signaling ongoing expansion.</li>
<li>Manufacturing PMI: Contracted more sharply, falling from 47.9 to 47, missing the expected improvement to 48.9.</li>
<li>Manufacturing orders shrunk and business expectations for the year ahead hit a two-year low, primarily due to rising political uncertainty ahead of the upcoming presidential election. This uncertainty is leading companies to freeze hiring and cut jobs, with employment levels falling for the second consecutive month.</li>
<li>Manufacturing payrolls were cut at the sharpest pace since June 2020, with factory job reductions at their steepest since January 2010 as firms grapple with weak demand.</li>
<li>September saw a marked a worrisome increase in average prices for goods and services, with the fastest rise since March. This was the first acceleration in selling price inflation in four months, intensifying concerns about the new Federal Reserve&#8217;s monetary policy easing stance.</li>
</ul>
<h3 class="wp-block-heading">Economist Insights</h3>
&#8220;The early survey indicators for September point to an economy that continues to grow at a solid pace […]. A reacceleration of inflation is meanwhile also signalled, suggesting the Fed cannot totally shift its focus away from its inflation target as it seeks to sustain the economic upturn,&#8221; said Chris Williamson, chief business economist at S&amp;P Global Market Intelligence.
The survey aligns with a &#8220;healthy&#8221; third-quarter GDP growth estimate of 2.2% annualized, Williamson said, but emphasized the economy&#8217;s overreliance on the services sector and a drop in business confidence tied to political instability.
Regarding the price pressures increase, he advised the Fed to move cautiously in implementing further rate cuts.
<h3 class="wp-block-heading">Market Reactions</h3>
<ul>
<li>U.S. Dollar Index (DXY): The dollar strengthened, with the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) trading 0.3% higher in early New York trading.</li>
<li>Treasury Yields: Both the 10-year yield and 30-year yield climbed by 5 basis points, sending the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) down by 0.8%.</li>
<li>Stock Market: The S&amp;P 500 – tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – edged up 0.4%, staying within striking distance of last week's all-time highs.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks">Chinese Vehicle Tech Faces Biden Administration Ban Over National Security Concerns: China EV Stocks Fall</a></li>
</ul>
Photo via Shutterstock.

Analyst Color

Large Cap

Sector ETFs

Broad U.S. Equity ETFs

Econ #s

Economics

Federal Reserve

Tech

ETFs

iShares Trust Barclays 20+ Year Treasury Bond Fund

PowerShares DB US Dollar Index Bullish Fund

US Services Growth Tops Estimate, Contraction In Manufacturing Worsens: 'Reacceleration Of Inflation'

Cantor Fitzgerald analyst Deepak Mathivanan reiterates MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) with a Overweight and maintains $2530 price target.

Reiteration

MELI

Cantor Fitzgerald Reiterates Overweight on MercadoLibre, Maintains $2530 Price Target

Reliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RS#NYSE">RS</a>) has outperformed the market over the past 20 years by 5.72% on an annualized basis producing an average annual return of 14.2%. Currently, Reliance has a market capitalization of $15.46 billion. 
Buying $100 In RS: If an investor had bought $100 of RS stock 20 years ago, it would be worth $1,451.91 today based on a price of $281.08 for RS at the time of writing.
<h3>Reliance's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727101816_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

$100 Invested In This Stock 20 Years Ago Would Be Worth $1,500 Today

American Tower (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) has outperformed the market over the past 20 years by 6.13% on an annualized basis producing an average annual return of 14.61%. Currently, American Tower has a market capitalization of $109.61 billion. 
Buying $100 In AMT: If an investor had bought $100 of AMT stock 20 years ago, it would be worth $1,568.65 today based on a price of $234.67 for AMT at the time of writing.
<h3>American Tower's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727101811_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.

Here's How Much You Would Have Made Owning American Tower Stock In The Last 20 Years

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Billionaire investors and Berkshire Hathaway executives Warren Buffett and Charlie Munger will forever be known for their annual shareholders meetings that often included advice on investing <a href="https://www.benzinga.com/general/education/24/07/39716106/common-sense-is-actually-uncommon-charlie-munger-said-standard-human-condition-is-ignorance-and">and life lessons.</a>
A question at the 2011 annual shareholders meeting highlighted advice on how rich people should handle their children.
What Happened: At the 2011 annual <a href="https://www.benzinga.com/topic/berkshire-hathaway-annual-meeting">Berkshire Hathaway shareholders meeting</a>, Buffett and Munger took turns answering a unique question about parenting from an audience member.
The question was how to get rich people&#8217;s kids to stay incentivized.
"How would you incentivize him or her to compete against the hungry and highly motivated kids from emerging markets like China, Brazil, Russia, or India?" the audience member asked.
Buffett, who has three children, attempted to answer the question first by sharing his perspective on parenting while being wealthy.
"If you are very rich and you bring up your kids to think that they are more important in society or that they have some special privilege… that's just a terrible mistake," Buffett <a href="https://www.youtube.com/watch?v=cdPiOWtCrYk">said</a>.
Buffett later said he was rich when his kids got into high school and college.
"I certainly didn't want to give them the idea that they were special just because their parents were rich."
The billionaire, who is also known as the Oracle of Omaha, said you don't want to get a bad result or have children who don't have any incentive because their parents are rich. He noted that while it&#8217;s crucial to avoid stifling ambition, it&#8217;s equally important not to create incentives for them to compete with their parents&#8217; successes.
"I don't think that makes sense."
Buffett added that if you&#8217;re wealthy and your children lack motivation, the responsibility ultimately falls on the parents.
He emphasized that it&#8217;s crucial for children of wealthy parents to be raised with the understanding that they shouldn&#8217;t rely on others to do the work for them, as this could lead to poor outcomes.
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092024">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
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Charlie Munger's Advice: When discussing entitlement, Buffett remarked that none of Munger&#8217;s children seemed to have that mindset. Munger, the longtime Berkshire Hathaway vice chairman, who <a href="https://www.benzinga.com/news/23/11/35989969/charlie-munger-buffetts-trusted-partner-dies-at-99">passed away in November 2023</a> at 99, said it's important to have the right expectations when it comes to parenting while being wealthy.
"I don't think you can raise children, an affluent family, and have them love working 60 hours a week," Munger said. "That's not going to work."
&#8220;To some extent, you are destroying certain kinds of incentives,&#8221; he added.
Perhaps, Munger's ultimate parenting advice that applies to being rich and raising kids and maybe life itself is something many will find familiar.
"My advice to you is lose your fight as gracefully as you can."
Check This Out:
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<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent092024">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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