Short interest for Sparc AI gives investors a sense of the degree to which investors are betting on the decline of Sparc AI's stock. Short interest data is updated every two weeks.

Sparc AI Stock (OTC:EGTTF), Short Interest Report

Sparc AI Inc Formerly EYEFI Group Technologies Inc is a software and electronics engineering company that has developed, patented and commercialized an innovative spatial technology; spatial, predictive, approximation and radial convolution (SPARC) and an associated product suite, that turns sensors, cameras and smartphones (fixed, mobile, airborne, portable or handheld) into geo-target co-ordinate acquisition devices. The company has also developed IIoT sensor hardware and associated cloud software, as a second pillar within its product offering. Its Cloud is a next-generation cloud platform that provides a secure and centralized environment where customers can manage their EYEfi product deployments and applications. It has one segment software and electronics engineering services.

Sparc AI Inc

<p>Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) reported quarterly losses of $(2.77) per share which missed the analyst consensus estimate of $(2.73) by 1.47 percent.  The company reported quarterly sales of $645.567 million which beat the analyst consensus estimate of $629.180 million by 2.60 percent.  This is a 5.38 percent increase over sales of $612.603 million the same period last year.</p>


Earnings

Earnings Beats

Earnings Misses

News

Hawaiian Holdings Q1 2024 Adj EPS $(2.77) Misses $(2.73) Estimate, Sales $645.567M Beat $629.180M Estimate

<p>Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) reported quarterly earnings of $1.20 per share which beat the analyst consensus estimate of $1.08 by 11.11 percent.  The company reported quarterly sales of $3.660 billion which beat the analyst consensus estimate of $3.611 billion by 1.36 percent.  This is a 16.42 percent decrease over sales of $4.379 billion the same period last year.</p>


Texas Instruments Q1 2024 GAAP EPS $1.20 Beats $1.08 Estimate, Sales $3.660B Beat $3.611B Estimate

<p>Deep-pocketed investors have adopted a bullish approach towards Coupang (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</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 CPNG usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Coupang. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 44% leaning bullish and 44% bearish. Among these notable options, 3 are puts, totaling $195,321, and 6 are calls, amounting to $228,421.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $20.0 and $30.0 for Coupang, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>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 Coupang'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 Coupang's whale trades within a strike price range from $20.0 to $30.0 in the last 30 days. </p>
<h3>Coupang Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713902472_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$3.9</td>
<td>$3.8</td>
<td>$3.8</td>
<td>$20.00</td>
<td>$83.6K</td>
<td>4.7K</td>
<td>221</td>
</tr>
<tr>
<td>CPNG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$3.1</td>
<td>$2.98</td>
<td>$3.1</td>
<td>$25.00</td>
<td>$81.2K</td>
<td>148</td>
<td>262</td>
</tr>
<tr>
<td>CPNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$5.8</td>
<td>$5.65</td>
<td>$5.7</td>
<td>$28.00</td>
<td>$78.6K</td>
<td>17</td>
<td>151</td>
</tr>
<tr>
<td>CPNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$0.36</td>
<td>$0.33</td>
<td>$0.36</td>
<td>$23.00</td>
<td>$35.4K</td>
<td>72</td>
<td>1.0K</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$1.14</td>
<td>$1.11</td>
<td>$1.14</td>
<td>$26.00</td>
<td>$33.6K</td>
<td>355</td>
<td>433</td>
</tr>
</tbody>
</table>
</p>
<h3>About Coupang</h3>
<p>Coupang Inc is an e-commerce company. It sells apparel, electronics, footwear, food products, furniture, nutritional supplements, and other products. Its segments include Product Commerce and Developing Offerings. The company generates maximum revenue from the Product Commerce segment. Product Commerce includes core retail (owned inventory) and marketplace offerings (third-party merchants) and Rocket Fresh, fresh grocery offering, as well as advertising products associated with these offerings.</p>
<h3>Where Is Coupang Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 10,570,905, with CPNG's price up by 1.47%, positioned at $22.79.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 14 days.</li>
</ul>
<h3>Professional Analyst Ratings for Coupang</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $26.0.</p>
<ul>
<li>An analyst from Citigroup has elevated its stance to Buy, setting a new price target at $26. </li>
</ul>
<p>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 Coupang options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Markets

CPNG

Looking At Coupang's Recent Unusual Options Activity

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>HashiCorp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCP#NASDAQ">HCP</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HCP, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for HashiCorp.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish.</p>
<p>Out of all of the special options we uncovered, 6 are puts, for a total amount of $245,430, and 5 are calls, for a total amount of $171,010.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $35.0 for HashiCorp over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for HashiCorp's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across HashiCorp's significant trades, within a strike price range of $30.0 to $35.0, over the past month.</p>
<h3>HashiCorp Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713902466_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>HCP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$1.5</td>
<td>$1.35</td>
<td>$1.5</td>
<td>$30.00</td>
<td>$90.0K</td>
<td>8</td>
<td>997</td>
</tr>
<tr>
<td>HCP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$1.5</td>
<td>$1.35</td>
<td>$1.5</td>
<td>$30.00</td>
<td>$43.3K</td>
<td>8</td>
<td>1.8K</td>
</tr>
<tr>
<td>HCP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$2.0</td>
<td>$1.8</td>
<td>$2.0</td>
<td>$30.00</td>
<td>$40.0K</td>
<td>881</td>
<td>211</td>
</tr>
<tr>
<td>HCP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.5</td>
<td>$0.0</td>
<td>$1.8</td>
<td>$35.00</td>
<td>$36.0K</td>
<td>6.2K</td>
<td>200</td>
</tr>
<tr>
<td>HCP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$1.8</td>
<td>$1.7</td>
<td>$1.8</td>
<td>$30.00</td>
<td>$35.4K</td>
<td>881</td>
<td>1.8K</td>
</tr>
</tbody>
</table>
</p>
<h3>About HashiCorp</h3>
<p>HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.</p>
<p>Having examined the options trading patterns of HashiCorp, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>HashiCorp's Current Market Status</h3>
<ul>
<li>With a trading volume of 11,825,823, the price of HCP is up by 21.77%, reaching $29.89.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 43 days from now.</li>
</ul>
<p>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 HashiCorp options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


HashiCorp's Options Frenzy: What You Need to Know

<p>Deep-pocketed investors have adopted a bearish approach towards Zillow Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</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 Z usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for Zillow Gr. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 4 are puts, totaling $258,580, and 5 are calls, amounting to $427,159.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $37.5 to $60.0 for Zillow Gr over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>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 Zillow Gr'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 Zillow Gr's whale trades within a strike price range from $37.5 to $60.0 in the last 30 days. </p>
<h3>Zillow Gr 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713902461_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>Z</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$0.83</td>
<td>$0.76</td>
<td>$0.82</td>
<td>$50.00</td>
<td>$205.0K</td>
<td>3.7K</td>
<td>3.5K</td>
</tr>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$1.82</td>
<td>$1.75</td>
<td>$1.82</td>
<td>$40.00</td>
<td>$101.7K</td>
<td>3.6K</td>
<td>589</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$7.4</td>
<td>$7.3</td>
<td>$7.3</td>
<td>$37.50</td>
<td>$82.5K</td>
<td>8</td>
<td>113</td>
</tr>
<tr>
<td>Z</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$1.87</td>
<td>$1.81</td>
<td>$1.86</td>
<td>$40.00</td>
<td>$80.9K</td>
<td>3.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>Z</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$1.85</td>
<td>$1.79</td>
<td>$1.85</td>
<td>$46.00</td>
<td>$57.9K</td>
<td>0</td>
<td>313</td>
</tr>
</tbody>
</table>
</p>
<h3>About Zillow Gr</h3>
<p>Zillow Group Inc is an Internet-based real estate company that offers its customers an on-demand experience for selling, buying, renting, or financing with transparency and ease The group works with real estate agents, brokers, builders, property managers, and landlords to pair technology with top-notch service. The group has brands such as Zillow, Trulia, StreetEasy, Hotpads, Zillow Rentals, Zillow Home Loans, ShowingTime, Follow Up Boss, Aryeo and others.</p>
<p>Having examined the options trading patterns of Zillow Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Where Is Zillow Gr Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 2,725,190, with Z's price up by 3.1%, positioned at $43.55.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 8 days.</li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Zillow Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Zillow Gr's Options Frenzy: What You Need to Know

<p>Pseudonymous cryptocurrency influencer <strong>Rekt Fencer</strong> highlighted in a viral thread on <strong>X </strong>(formerly Twitter) how market makers manipulate prices and help <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38112501/the-top-five-meme-coin-trader-fumbles-in-2024-missed-out-on-over-200-million">traders to make millions</a>.</p>
<p><strong>What Happened:</strong> Rekt Fencer shared valuable insights about the strategies employed by market makers (MMs) and how traders can potentially profit from understanding these tactics. The two types of MMs:</p>
<ul>
<li><strong>Traditional market makers</strong>: they focus on large projects and huge market caps, offer liquidity and market depth, keep the market running smoothly and efficiently and create a trading plan for token unlocks.</li>
<li><strong>Market makers who serve as project advisors</strong>: they help to raise funds for the project, provide  liquidity decentralized exchanges and develop strategies for token prices.</li>
</ul>
<p><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></p>
<p>Rekt Fencer points out the importance of market makers:</p>
<ul>
<li>They facilitate trading on exchanges by consistently providing bids and asks for tokens.</li>
<li>They profit from the spread between these prices compensating them for the risk of holding assets.</li>
</ul>
<p>The influencer details how market makers influence token prices using pumps, dumps or distributions, depending on their objectives. </p>
<p>In bull runs, they create fear of missing out (FOMO). In bear cycles, they accumulate at low prices to maintain sufficient trading volume. </p>
<p><figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><br />
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">Price Manipulation<br /><br />It&#39;s tough to hold a coin during a long decline, and Market Makers exploit this.<br /><br />When prices are manipulated to hit new lows, it often scares off most holders.<br /><br />But if the price swiftly rebounds back into the normal range, it&#39;s likely a manipulative play. <a href="https://t.co/IufXsgK3sS">pic.twitter.com/IufXsgK3sS</a></p>
<p>&mdash; Rekt Fencer (@rektfencer) <a href="https://twitter.com/rektfencer/status/1782482149611868352?ref_src=twsrc%5Etfw">April 22, 2024</a></p></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<p></p></figure></p>
<p><em>Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38321897/dogecoin-shiba-inu-and-who-else-how-meme-coins-have-evolved-since-the-last-bitcoin-halving">Dogecoin, Shiba Inu And Who Else? How Meme Coins Have Evolved Since The Last Bitcoin Halving</a></em></p>
<p><strong>Why It Matters:</strong> Recognizing the presence of market makers is crucial for traders. </p>
<p>Analyzing price charts for indicators such as sharp pumps before significant news, steadily rising volume without substantial price changes and repeated patterns of pumps and dumps can help identify their activities.</p>
<p>However, investors should be cautious of MM tactics like pushing prices to new lows to scare off holders, only to have the price swiftly rebound. </p>
<p>Rekt Fencer points out to how <strong>DWFLabs</strong>, a market maker, worked for <strong>Floki</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) after accumulating their position for several months during a sideways trend. Then, they pumped the token by 772% in just three weeks.</p>
<p>Floki is one of the most notable coins that set out to catch up in valuation to <strong>Shiba Inu</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), being <a href="https://www.benzinga.com/news/24/03/37763459/why-dogecoin-shiba-inu-rival-floki-inu-is-volatile">famously volatile</a>. Whether market makers influence the trading behavior of Shiba Inu or other major cryptocurrencies cannot be established with certainty.</p>
<p>The tweet concludes with the trader advising, traders to buy during the accumulation stages and sell during the distribution stages which will assist in maximizing profits.</p>
<p><strong>What's Next</strong>: The influence of meme coins and&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;are topics expected to be thoroughly explored at Benzinga's upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38362524/crypto-trader-explains-why-middle-east-billionaires-are-suddenly-interested-in-launching-m">Crypto Trader Explains Why Middle East Billionaires Are Suddenly Interested In Launching Meme Coins</a></em></p>
<p><em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<p><em>Image: Shutterstock</em></p>


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

Cryptocurrency

$FLOKI

$SHIB

Crypto Influencer Goes Viral Pointing Out 'How Market Makers Manipulate Prices'

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<p><i>RAPNO LGG overall response rate (ORR) of 51%</i></p>
<p><i>Day One receives rare pediatric disease priority review voucher</i></p>
<p><i>Conference call and webcast to be April 24, 8:30 a.m. Eastern Time</i></p>


DAWN

Day One's OJEMDA Receives U.S. FDA Accelerated Approval For Relapsed Or Refractory BRAF-Altered Pediatric Low-Grade Glioma

<p>Wall Street analysts forecast that <strong>Manhattan Associates</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/manh#NASDAQ">MANH</a>) will report quarterly earnings of $0.87 per share in its upcoming release, pointing to a year-over-year increase of 8.8%. It is anticipated that revenues will amount to $243.32 million, exhibiting an increase of 10.1% compared to the year-ago quarter.</p>
<p>Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts&#39; collective reassessment of their initial projections during this period.</p>
<p>Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.</p>
<p>While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts&#39; projections for some of the company&#39;s key metrics often helps gain a deeper insight.</p>
<p>With that in mind, let&#39;s delve into the average projections of some Manhattan Associates metrics that are commonly tracked and projected by analysts on Wall Street.</p>
<p>Analysts&#39; assessment points toward &#39;Revenue- Cloud subscriptions&#39; reaching $75.29 million. The estimate indicates a year-over-year change of +31.6%.</p>
<p>Based on the collective assessment of analysts, &#39;Revenue- Maintenance&#39; should arrive at $32.51 million. The estimate suggests a change of -8.8% year over year.</p>
<p>It is projected by analysts that the &#39;Revenue- Hardware&#39; will reach $5.87 million. The estimate indicates a change of -11.4% from the prior-year quarter.</p>
<p>Analysts predict that the &#39;Revenue- Services&#39; will reach $128.13 million. The estimate indicates a change of +10.3% from the prior-year quarter.</p>
<p>The collective assessment of analysts points to an estimated &#39;Revenue- Software license&#39; of $1.50 million. The estimate indicates a year-over-year change of -72%.<br />
<a href="https://www.zacks.com/stock/news/2259117/countdown-to-manhattan-associates-manh-q1-earnings-a-look-at-estimates-beyond-revenue-and-eps?cid=CS-BENZ-FT-fundamental_analysis|nfm_preview-2259117">To read this article on Zacks.com click here.</a></p>


Trading Ideas

MANH

Countdown to Manhattan Associates Q1 Earnings: A Look at Estimates Beyond Revenue and EPS

<p><a href="https://www.cnbc.com/2024/04/23/ew-scripps-exploring-sale-of-black-culture-broadcast-network-bounce-tv.html" title="https://www.cnbc.com/2024/04/23/ew-scripps-exploring-sale-of-black-culture-broadcast-network-bounce-tv.html">https://www.cnbc.com/2024/04/23/ew-scripps-exploring-sale-of-black-culture-broadcast-network-bounce-tv.html</a></p>


'EW Scripps Exploring Sale Of Black-Culture Broadcast Network Bounce TV' - CNBC

<div>Mexico recorded $9.06 billion in agricultural exports during the first two months of the year, according to the country's Ministry of Agriculture and Rural Development (SADER) and the Bank of Mexico.</div>

<p>The total represents a 9% year-over-year increase from the same period in 2023. The U.S. accounts for almost 90% of Mexico's export marketplace, importing about $8.1 billion during the first two months of 2024, followed by Canada and China.</p>

<p>Top agricultural and beverage exports from Mexico in January and February included beer ($1.06 billion), tomatoes ($630 million) tequila ($621 million), avocados ($594 million), strawberries and raspberries ($531 million), and peppers ($427 million).</p>

<p>Mexican exports that saw the largest increases overall during the first two months of 2024 included chocolate (72%), coffee and tea (64%), frozen orange juice (62%), guava, mango and mangosteens (49%), grapes (38%), and cattle (36%).</p>

<div>
<p>Exports from Mexico to the U.S. are expected to top $47.2 billion in fiscal year 2024, which is 5% higher than fiscal year 2023, according to the U.S. Department of Agriculture (USDA). Fiscal year 2024 began on Oct. 1, 2023, and will end Sept. 30.</p>
</div>

<p>SADER also reported that Mexico imported a total of $7.5 billion in agricultural products in January and February, increasing by 2.3% over the same period in 2023.</p>

<p>The U.S. supplies Mexico with about 70% of the country's agricultural imports. Along with the U.S., Mexico also imports agricultural products from Canada, Brazil, Chile, China, Spain, the Netherlands, Peru, Guatemala and France.</p>

<p>Top U.S. agricultural exports into Mexico during the first two months of 2024 include corn ($918 million), soybeans ($516 million) and pork ($334 million).<br /><script type="text/javascript">
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<p>According to the USDA, China is forecast to remain the largest market for U.S. agricultural exports at $28.7 billion in fiscal year 2024. U.S. exports to Mexico are forecast to rise by $500 million to a record $28.4 billion, while exports to Canada are forecast to increase $300 million to $28 billion in the fiscal year.</p>

<p>The post <a href="https://www.freightwaves.com/news/borderlands-mexico-u-s-agricultural-imports-from-mexico-at-8b-in-2024">Borderlands Mexico: U.S. agricultural imports from Mexico at $8B in 2024</a> appeared first on <a href="https://www.freightwaves.com">FreightWaves</a>.</p>

Borderlands Mexico: U.S. Agricultural Imports from Mexico at $8B in 2024

<p><strong>Basically: Elon Musk</strong>, the CEO of <strong>Tesla </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and owner of X.com, previously Twitter, held the title of richest person in the world when Tesla's stock was at all-time highs. Musk, whose net worth is primarily tied to Tesla's stock price, owns more than 400 million shares of Tesla according <a href="https://www.benzinga.com/markets/equities/24/04/38350014/elon-musk-reacts-to-teslas-pricing-debate-only-a-fool-thinks">to regulatory filings. </a></p>
<p>This means that when Tesla's share price peaked in late 2021 around $400 a share (split-adjusted), Musk was worth more than $300 billion according to Forbes, making him far and away the richest person in the world. But, Tesla's stock decline caused Musk's net worth to retreat by more than $200 billion at one point, making him the first person to <a href="https://www.bloomberg.com/news/articles/2022-12-30/elon-musk-becomes-first-person-ever-to-lose-200-billion">lose</a> such a large sum of money, according to Bloomberg.</p>
<p>On Tuesday, Musk <a href="https://www.benzinga.com/markets/equities/24/04/38374423/elon-musk-reacts-as-ark-invest-analyst-says-its-going-to-be-very-hard-for-tesla-rivals-to-catch-">tweeted his endorsement</a> of ARK Invest&#8217;s analysis regarding Tesla&#8217;s Q1 expectations, describing it as &#8220;Accurate&#8221; in response to <strong>Tasha Keeney</strong>&#8216;s interview on CNBC's Last Call. </p>
<p>Keeney, ARK Invest's director of Investment Analysis &amp; Institutional Strategies, emphasized the long-term viability of electric vehicles and Tesla&#8217;s competitive pricing, predicting it will be difficult for competitors to match.</p>
<p><strong>Musk&#8217;s Losses: </strong>Even the Guinness World Records recognized <a href="https://www.independent.co.uk/tech/elon-musk-net-worth-tesla-twitter-200-billion-b2254493.html">Musk</a> for losing more money than any other person in history, thanks to Tesla's stock bouncing back, Musk remains among the top-five richest people in the world, <a href="https://www.forbes.com/real-time-billionaires/#54a48023d788">according</a> to Forbes' Billionaires List.<a href="https://www.forbes.com/real-time-billionaires/#54a48023d788"><br /><br /></a>To put Musk's loss in net worth into perspective, the drop of $200 billion is equivalent to about the entire market cap of companies like <strong>Adobe Inc</strong>, <strong>Walt Disney Co</strong>,<strong> Wells Fargo &amp; Co</strong> and others.</p>
<p>But, Tesla&#8217;s latest stock slump caused Musk to once again lost tens of billions of dollars, causing him to slide down the Forbes list. Tesla&#8217;s earnings report, due after the close Tuesday, could help determine whether Musk shoots higher up the list or continues to fall through the ranks. <br /><br /><strong>The Top Dog: </strong>The list currently has Musk ranked third, behind LVMH CEO <strong>Bernard Arnault</strong>, who is estimated to be worth about $215 billion. Arnault founded the European luxury fashion conglomerate in the 1980s, and the company is now worth nearly half of a trillion dollars.<br /><br />Second on the list is <strong>Jeff Bezos</strong>, the founder of <strong>Amazon</strong>. Bezos stepped down as the CEO of Amazon and turned the reigns over to <strong>Andy Jassy</strong>, but Bezos still has nearly 1 billion shares of Amazon.<br /><br /><strong>Mark Zuckerberg</strong> is listed behind Musk at number four on the list, with an estimated net worth of around $174 billion, just a few billion behind Musk's $178 billion. Zuckerberg recently passed Musk on the list, but has since fallen back due to a pullback in <strong>Meta Platform's </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) share price.</p>
<p>Meta Platforms Inc is set to announce its first-quarter financial results after market close on Wednesday, with analysts anticipating revenues of $36.16 billion. This follows a revenue of $28.65 billion in the same quarter last year, and Meta has surpassed revenue estimates for six consecutive quarters, forecasting revenues between $34.5 billion and $37.0 billion <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38387398/meta-platforms-q1-earnings-preview-marginally-cautious-ai-opportunity-could-prove-f">for this period.</a></p>
<p><em>Now Read:<a href="https://www.benzinga.com/news/earnings/24/04/38383512/jetblue-airways-shares-witness-over-10-drop-on-disappointing-annual-outlook"> JetBlue Airways Shares Witness Over 10% Drop On Disappointing Annual Outlook</a></em></p>
<p><em>Image generated using artificial intelligence via Midjourney.</em><br /></p>


Education

General

TSLA

Elon Musk Slips From Richest Person Ranking After Losing Billions In Recent Months: Who's Now Richer?

WORX

SCWorx Receives NASDAQ Notice Pertaining To Its 10-K Of December 31, 2023

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Ulta Beauty</strong>.</p>
<p>Looking at options history for Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) we detected 15 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 26% of the investors opened trades with bullish expectations and 53% with bearish.</p>
<p>From the overall spotted trades, 5 are puts, for a total amount of $175,086 and 10, calls, for a total amount of $528,374.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $320.0 to $600.0 for Ulta Beauty over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of Ulta Beauty stands at 124.15, with a total volume reaching 1,498.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Ulta Beauty, situated within the strike price corridor from $320.0 to $600.0, throughout the last 30 days.</p>
<h3>Ulta Beauty Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713901546_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$3.7</td>
<td>$3.3</td>
<td>$3.6</td>
<td>$430.00</td>
<td>$126.0K</td>
<td style="text-align: right;">22</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$5.4</td>
<td>$4.4</td>
<td>$4.45</td>
<td>$420.00</td>
<td>$58.1K</td>
<td style="text-align: right;">583</td>
<td style="text-align: right;">545</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$53.9</td>
<td>$53.1</td>
<td>$53.55</td>
<td>$415.00</td>
<td>$53.5K</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$19.5</td>
<td>$19.4</td>
<td>$19.5</td>
<td>$430.00</td>
<td>$52.6K</td>
<td style="text-align: right;">103</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$5.4</td>
<td>$4.9</td>
<td>$4.9</td>
<td>$420.00</td>
<td>$49.0K</td>
<td style="text-align: right;">583</td>
<td style="text-align: right;">295</td>
</tr>
</tbody>
</table>
</p>
<h3>About Ulta Beauty</h3>
<p>With 1,385 stores at the end of fiscal 2023 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the U.S. The firm offers makeup (41% of 2023 sales), fragrances, skin care (19% of sales), and hair care products (19% of sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.</p>
<p>After a thorough review of the options trading surrounding Ulta Beauty, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of Ulta Beauty</h3>
<ul>
<li>Trading volume stands at 474,351, with ULTA's price up by 0.03%, positioned at $418.11.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 30 days.</li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Ulta Beauty, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


ULTA

Market Whales and Their Recent Bets on ULTA Options

<p>Financial giants have made a conspicuous bearish move on Cloudflare. Our analysis of options history for Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) revealed 12 unusual trades.</p>
<p>Delving into the details, we found 33% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $503,400, and 7 were calls, valued at $240,510.</p>
<h3>What's The Price Target?</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $120.0 for Cloudflare, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In terms of liquidity and interest, the mean open interest for Cloudflare options trades today is 374.1 with a total volume of 1,489.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Cloudflare's big money trades within a strike price range of $65.0 to $120.0 over the last 30 days.</p>
<h3>Cloudflare Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713901541_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NET</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.4</td>
<td>$85.00</td>
<td>$370.0K</td>
<td style="text-align: right;">238</td>
<td style="text-align: right;">538</td>
</tr>
<tr>
<td>NET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$15.45</td>
<td>$15.35</td>
<td>$15.45</td>
<td>$90.00</td>
<td>$46.3K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>NET</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$12.4</td>
<td>$12.3</td>
<td>$12.3</td>
<td>$120.00</td>
<td>$40.5K</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">33</td>
</tr>
<tr>
<td>NET</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$5.8</td>
<td>$5.75</td>
<td>$5.8</td>
<td>$88.00</td>
<td>$40.0K</td>
<td style="text-align: right;">96</td>
<td style="text-align: right;">147</td>
</tr>
<tr>
<td>NET</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$3.95</td>
<td>$3.9</td>
<td>$3.95</td>
<td>$85.00</td>
<td>$39.5K</td>
<td style="text-align: right;">488</td>
<td style="text-align: right;">250</td>
</tr>
</tbody>
</table>
</p>
<h3>About Cloudflare</h3>
<p>Cloudflare is a software company based in San Francisco, California, that offers security and web performance offerings by utilizing a distributed, serverless content delivery network, or CDN. The firm's edge computing platform, Workers, leverages this network by providing clients the ability to deploy, and execute code without maintaining servers.</p>
<h3>Cloudflare's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,650,600, the price of NET is up by 4.32%, reaching $88.35.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 9 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Cloudflare</h3>
<p>2 market experts have recently issued ratings for this stock, with a consensus target price of $97.5.</p>
<ul>
<li>An analyst from Cantor Fitzgerald downgraded its action to Neutral with a price target of $100. </li>
<li>Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Cloudflare, targeting a price of $95. </li>
</ul>
<p>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 Cloudflare with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Market Whales and Their Recent Bets on NET Options

<p>Deep-pocketed investors have adopted a bullish approach towards Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</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 RCL usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Royal Caribbean Gr. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 37% leaning bullish and 12% bearish. Among these notable options, 3 are puts, totaling $88,892, and 5 are calls, amounting to $371,354.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $160.0 for Royal Caribbean Gr, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Royal Caribbean Gr's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Royal Caribbean Gr's whale activity within a strike price range from $105.0 to $160.0 in the last 30 days. </p>
<h3>Royal Caribbean Gr Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713901535_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$21.4</td>
<td>$21.0</td>
<td>$21.2</td>
<td>$125.00</td>
<td>$190.7K</td>
<td style="text-align: right;">185</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$24.6</td>
<td>$23.55</td>
<td>$23.77</td>
<td>$120.00</td>
<td>$95.2K</td>
<td style="text-align: right;">256</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$34.25</td>
<td>$32.4</td>
<td>$33.27</td>
<td>$105.00</td>
<td>$33.2K</td>
<td style="text-align: right;">653</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$6.55</td>
<td>$6.35</td>
<td>$6.45</td>
<td>$136.00</td>
<td>$32.2K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$11.0</td>
<td>$10.8</td>
<td>$10.8</td>
<td>$135.00</td>
<td>$30.2K</td>
<td style="text-align: right;">568</td>
<td style="text-align: right;">90</td>
</tr>
</tbody>
</table>
</p>
<h3>About Royal Caribbean Gr</h3>
<p>Royal Caribbean is the world's second-largest cruise company, operating 65 ships across five global and partner brands in the cruise vacation industry, with 8 more ships on order. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in the first quarter of 2021.</p>
<p>Having examined the options trading patterns of Royal Caribbean Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Where Is Royal Caribbean Gr Standing Right Now?</h3>
<ul>
<li>With a volume of 1,747,649, the price of RCL is up 3.99% at $137.25. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 2 days.</li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Royal Caribbean Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Market Whales and Their Recent Bets on RCL Options

Rumors

UNIT

Watching Uniti Group; Hearing Uniti, Windstream Said To Near $15B Combination

WIIM

Oil is trading higher, possibly amid Middle East uncertainty. The Pentagon called on Iraq's government to take all necessary steps to defend US forces. US weekly crude stock data will also be released after the close today.

Global X DAX Germany ETF is trading higher following Germany flash manufacturing PMI data.

Guidance

General Motors Says As Of March 31, 2024, Have Incurred $878M Of Cash Outflows Resulting From Voluntary Separation Program; Voluntary Separation Program Was Substantially Complete At March 31, 2024; For Year Ending Dec 31, 2024, Sees Cruise To Require Additional Liquidity In Order To Support Continued Development Of AV Technology

<p><strong>Petrobras</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pbr#NYSE">PBR</a>), the renowned Brazilian state-run oil and gas company, has recently unveiled its ambitious plans to boost its sustainable energy portfolio.</p>
<p>This strategic move involves the potential installation of 48 megawatts&nbsp;of solar energy capacity across three of its refineries. Such a significant leap toward renewable energy integration not only highlights Petrobras&#39; commitment to environmental sustainability but also positions it as a frontrunner in the global energy transition.</p>
<h3>Advancing Toward Decarbonization</h3>
<p>The decision to use solar power aligns seamlessly with Petrobras&#39; overarching vision for decarbonization. By leveraging the photovoltaic (PV) technology, the company aims to mitigate its carbon footprint while boosting operational efficiency. These PV projects are set to begin power generation operations by 2025 and will be strategically situated at the following refineries:</p>
<p><strong>Gabriel Passos (Regap) Refinery</strong>: The Gabriel Passos Refinery (Regap) is a petroleum refinery located in Betim, Minas Gerais, Brazil. Regap is the largest refinery in Minas Gerais and the third largest in Brazil. It has a processing capacity of 24,000 cubic meters per day (150,000 barrels per day) and produces a wide range of petroleum products, including gasoline, diesel, jet fuel, liquefied petroleum gas&nbsp;and petrochemicals.</p>
<p><strong>Abreu e Lima (Rnest) Refinery</strong>: The Abreu e Lima Refinery (Rnest) is a petroleum refinery located in Abreu e Lima, Pernambuco, Brazil. Rnest is the second-largest refinery in Brazil, with a processing capacity of 360,000 barrels per day. It produces many petroleum products, including gasoline, diesel, jet fuel, LPG and petrochemicals.</p>
<p><strong>Paulinia (Replan) Refinery</strong>: The Paulinia Refinery (Replan) is a petroleum refinery located in Paul&iacute;nia, S&atilde;o Paulo, Brazil. Replan is the fourth largest refinery in Brazil, with a processing capacity of 325,000 barrels per day. It also produces petroleum products, including gasoline, diesel, jet fuel, LPG and petrochemicals.</p>
<h3>Strategic Implications</h3>
<p><strong>Enhanced Integration and Operational Reliability: </strong>The integration of photovoltaic plants into refinery operations not only facilitates improved integration but also enhances operational reliability. Petrobras aims to strengthen its operational resilience by diversifying its energy mix.</p>
<p><strong>Mitigation of Greenhouse Gas Emissions:&nbsp;</strong>One of the primary drivers behind Petrobras&#39; foray into solar energy is the company&#39;s commitment to mitigating greenhouse gas emissions. By transitioning toward renewable energy sources, the company seeks to curtail its environmental impact, thereby contributing to global efforts aimed at combating climate change.</p>
<p><strong>Solar Initiative:&nbsp;</strong>Petrobras&#39; strategic investment in solar energy highlights its solid commitment to energy transition. By prioritizing sustainability alongside profitability, the company aims to spearhead a paradigm shift within the energy sector, setting a precedent for other industry players to emulate.</p>
<h3>Decarbonization Fund: A Catalyst for Change</h3>
<p>The implementation of these solar energy projects is expected to happen through Petrobras&#39; Decarbonization Fund. This fund, boasting a substantial budget of $1 billion for the 2024-2028 period, serves as a catalyst for transformative change within the organization. By allocating financial resources toward sustainable initiatives, Petrobras reaffirms its commitment to environmental stewardship and corporate responsibility.</p>
<h3>Portfolio Diversification</h3>
<p><strong>Offsetting Carbon Emissions: </strong>The three solar projects, set for implementation, are part of a broader portfolio, including 33 schemes financed by the Decarbonization Fund. Collectively, these initiatives are projected to offset 1.52 million tons of carbon dioxide (CO2) emissions annually, a feat equivalent to neutralizing the carbon footprint of an entire refinery.</p>
<p><strong>Long-Term Sustainability:&nbsp;</strong>Petrobras aims to promote long-term sustainability by diversifying its energy portfolio and embracing renewable energy solutions, while also future-proofing its operations against changing regulatory landscapes and market dynamics.</p>
<h3>Conclusion</h3>
<p>Petrobras&#39; announcement regarding the installation of 48 MW of solar energy capacity at three of its refineries marks a milestone in the company&#39;s journey toward decarbonization and sustainability. By leveraging solar power to drive operational efficiency and mitigate greenhouse gas emissions, Petrobras reaffirms its position as a leader in the global energy transition.</p>
<p>As the company continues to prioritize sustainability alongside profitability, it sets a commendable example for its peers within the energy sector, laying the groundwork for a greener and more sustainable future.</p>
<p><strong>Zacks Rank and Key Picks</strong></p>
<p>Currently, PBR carries a Zacks Rank #3 (Hold).&nbsp;&nbsp;</p>
<p>Investors interested in the energy sector might look at some better-ranked stocks like <strong>Murphy USA Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/musa#NYSE">MUSA</a>) and <strong>Archrock, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aroc#NYSE">AROC</a>), each sporting a Zacks #1 Rank (Strong Buy), and <strong>Sunoco LP</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sun#NYSE">SUN</a>), carrying a Zacks #2 Rank (Buy) at present.</p>
<p>Murphy USA is valued at approximately $8.68 billion. In the past year, the company&#39;s shares have surged 49.9%.</p>
<p>MUSA markets retail motor fuel products and convenience merchandise, operating retail stores under the brands Murphy USA, Murphy Express and QuickChek.</p>
<p>Archrock is valued at $3.04 billion. The company currently pays a dividend of 66 cents per share, or 3.4%, on an annual basis.</p>
<p>AROC, together with its subsidiaries, works as an energy infrastructure company in the United States. The company operates under two segments &mdash; Contract Operations and Aftermarket Services.</p>
<p>Sunoco is valued at $5.6 billion. It is a major wholesale motor fuel distributor in the United States, distributing over 10 fuel brands through long-term contracts with more than 10,000 convenience stores, thereby ensuring consistent cash flow.</p>
<p>SUN&#39;s extensive distribution network across 40 states provides a robust and reliable source of income, and the Brownsville terminal expansion should add to its revenue diversification.</p>
<p><a href="https://www.zacks.com/stock/news/2260325/petrobras-pbr-to-build-solar-power-at-its-three-refineries?cid=CS-BENZ-FT-analyst_blog|company_news_-_energy_sector-2260325">To read this article on Zacks.com click here.</a></p>


Small Cap

AROC

MUSA

Petrobras to Build Solar Power at Its Three Refineries

Press Releases

Telstra Sales Update

InvestmentPitch Media Video Discusses SPARC AI, Newly Listed on the CSE and Addressing Opportunities in the Multi-Billion Dollar Geospatial Intellectual Property Space

InvestmentPitch Media Video Discusses SPARC AI's Discovery of Powerful Application for its SPARC Intellectual Property and Patents Involving Navigation of Autonomous Drones

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