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Stocks That Hit 52-Week Highs On Friday

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Embrace Change Acquisition Corp - Ordinary Shares

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Embraer SA

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) shares are trading higher on Monday. The company launched AI Wingmate to support its 52,000 employees in enhancing <a target="_blank" href="https://www.geaerospace.com/news/press-releases/ge-aerospace-launches-company-wide-generative-ai-platform-employees" rel="noreferrer noopener">quality</a> and innovation in flight.
The company collaborated with Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and integrated Azure AI, including Azure OpenAI Service, to ensure security, compliance, and responsible AI use within its network.
AI Wingmate offers GE Aerospace employees a secure internal platform to access a comprehensive suite of generative AI capabilities, incorporating new data and insights from employees over time to meet the company&#8217;s business needs.
The launch of this internal generative AI platform marks a significant milestone in GE Aerospace&#8217;s decade-long effort to integrate AI across its operations.
During this period, the company has more than doubled its investment in AI technology, establishing itself as one of the leading AI patent holders in the aviation industry.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/08/40165662/poland-taps-ge-aerospace-for-apache-engine-support-finalizes-new-offset-agreement" rel="noreferrer noopener">Poland Taps GE Aerospace for Apache Engine Support: Finalizes New Offset Agreement</a>
David Burns, Chief Information Officer, GE Aerospace, said, &#8220;The launch of AI Wingmate will transform employee productivity, allowing our people to spend more time solving our customers&#8217; toughest problems.&#8221;
&#8220;Generative AI is changing the way we all work, enabling us to be more productive with our daily work tasks than ever before. Ultimately, this will strengthen our ability to help the aerospace industry meet our highest objectives of enhanced safety, sustainability, and reducing supply chain.&#8221;
&#8220;We are particularly excited about plans to launch a new generative AI based module exclusively dedicated to FLIGHT DECK, our proprietary lean operating model that is the foundation of how we work. The generative AI platform will serve as a vehicle for employees to learn about FLIGHT DECK and its ten fundamentals.&#8221;&nbsp;
Investors can gain exposure to the stock via IShares U.S. Aerospace &amp; Defense ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>)&nbsp;and TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NETZ#NYSE">NETZ</a>).
Price Action: GE shares are up 0.55% at $188.46 at the last check Monday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/07/39920695/battle-of-humanoid-robots-and-robotaxis-vs-electric-vehicles-trump-rumor-to-drive-bitcoin-to-the-moo" target="_blank" rel="noreferrer noopener">Battle Of Humanoid Robots And Robotaxis Vs. Electric Vehicles, Trump Rumor To Drive Bitcoin To The Moon</a></li>
</ul>

Equities

Large Cap

Contracts

iShares Dow Jones US Aerospace & Defense Index Fund

MSFT

Engine No. 1 ETF Trust Engine No. 1 Transform Climate ETF

NETZ

GE Aerospace Takes Flight With AI Wingmate: Boosts Innovation, Employee Productivity With Microsoft's Azure AI

<a href="https://www.sonimtech.com/about/news/sonim-technologies-partners-with-tccm-to-expand-rugged-mobile-solutions-in-the-cee-region/">https://www.sonimtech.com/about/news/sonim-technologies-partners-with-tccm-to-expand-rugged-mobile-solutions-in-the-cee-region/</a>
&nbsp;
Sonim Technologies, a leading provider of ultra-rugged mobile solutions, is thrilled to announce a strategic distribution partnership with TCCM, the leading mobile phone distributor in the Central and Eastern Europe (CEE) region. This collaboration is designed to significantly enhance the availability and reach of Sonim's comprehensive range of rugged and durable mobile communication solutions, including the recently launched XP100 and XP400 rugged professional phones.
TCCM will serve as a strategic partner for Sonim Technologies, representing the full lineup of Sonim's ultra-rugged, rugged, and durable mobile phones, wireless internet solutions, and software suite, alongside access to Sonim's extensive ecosystem of accessories. With their extensive distribution network and a profound understanding of regional market trends, TCCM is ideally positioned to drive Sonim's expansion throughout the CEE region. Their customer base spans mobile network operators to major electronics outlets and small mobile phone retailers, ensuring broad market penetration.
The XP100 and XP400 phones, showcased at the IFA show in Berlin, are crafted to meet the rigorous demands of professionals who need robust and dependable communication tools. These devices, along with Sonim's expansive product lineup, will now reach a wider audience via TCCM's comprehensive retail channels.
"We are eager to bring Sonim's rugged phones to the market, responding to the rising demand for professional-grade, durable communication solutions," says Kamil Vacek Founder and CEO, TCCM at TCCM. "Sonim's reputation for high-quality, reliable technology makes it a strong addition to our portfolio, effectively filling a current void in the market."
Frank Weierhorst, who has recently been appointed as the Country Manager for the DACH and CEE region, commented, remarked: "Partnering with TCCM is a significant step for Sonim as it enables us to extend our reach into the CEE region. TCCM's expertise and distribution capabilities are invaluable, and together, we are poised to meet the growing demand for rugged mobile solutions. This partnership will help us deliver our innovative products to a broader customer base, setting new standards in the professional communications market."

Global

SONM

Sonim Technologies Partners With TCCM To Expand Rugged Mobile Solutions In The Central And Eastern Europe Region

Israeli air strikes <a href="https://www.benzinga.com/news/24/09/40977597/us-warns-israel-against-opening-a-full-blown-war-against-hezbollah-as-air-strikes-kill-30-in-lebanon">on Hezbollah targets </a>in southern Lebanon killed around 274 people on Monday, local authorities said, as escalating hostilities between the two sides stoke international concern about the eruption of a full-on war.
Israeli forces struck several southern towns that included Tyre and Bint Jbeil in the northern region, saying they planned to carry out extensive air strikes on Bekka&#8217;s eastern region, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-09-23/israel-steps-up-attacks-on-hezbollah-targets-in-south-lebanon?srnd=homepage-americas&amp;sref=TBDibEcD">reported</a>.
Israel and Hezbollah have been firing rockets across the border at each other consistently since Israel&#8217;s war with Hamas began last October, but the conflict has escalated in the past week.
The U.S. is urging both sides to hold back on the fighting as Defense Secretary Lloyd Austin emphasized reaching &#8220;a diplomatic solution&#8221; in speaking with Israel&#8217;s Defense Minister Yaov Gallant.
Israel is trying to take out Hezbollah&#8217;s launchers, missiles and rockets to weaken its military capabilities through an aerial campaign.
"I want to clarify Israel's policy: we do not wait for the threat, we are ahead of it," Israeli Prime Minister Benjamin Netanyahu said on Monday.
Netanyahu said he prefers diplomacy, but it isn&#8217;t working.
His cabinet made the return of tens of thousands of displaced civilians a primary war objective last week. His cabinet is focused on this return as Gallant signaled a shifting of Israel&#8217;s focus to Hezbollah from Gaza.
Read Also:<a href="https://www.benzinga.com/news/24/09/40924166/hezbollah-hit-in-new-round-of-explosions-across-lebanon-casualties-climb"> Hezbollah Hit In New Round Of Explosions Across Lebanon, Casualties Climb</a>
Netanyahu is scheduled to address the United Nations General Assembly at its summit in New York on Thursday.
Hundreds of thousands of people scurried to bomb shelters in northern Israel after Iran-backed Hezbollah fired150 projectiles on the area, using a new rocket that can reach as far as 60 miles and carry about 275 pounds of explosives, the group said on its Telegram channel over the weekend.
On Tuesday and Wednesday, Hezbollah and Lebanon blamed Israel for blowing up thousands of pagers and walkie-talkies mostly used by Hezbollah members. 
On Friday, Israel killed a top Hezbollah commander, Ibrahim Aqil in an air assault on Beirut's southern suburbs.
Lebanese Prime Minister&nbsp;Najib Mikati&nbsp;called on the U.N. and world powers to stop the Israel-Hezbollah fight from "falling into the unknown."
Also on Monday, an Israeli military spokesperson said Hamas chief&nbsp;Yahya Sinwar&nbsp;may have been wounded or killed in air strikes on Gaza, after local media reported he was recently not heard from. 
The U.S. has said a Gaza cease-fire will help calm regional tensions, but Israel said it cannot wait for a truce there before eliminating the threat of Hezbollah.
United Nations Secretary-General Antonio Guterres warned the pager blasts against Hezbollah&nbsp;in Lebanon could signal &#8220;a pre-emptive strike before a major military operation&#8221; being carried out by Israel, Reuters reported.
U.N. Special Coordinator for Lebanon Jeanine Hennis is scheduled to visit Israel on Monday.
Price Action: Defense stocks gained into Monday&#8217;s mid-day trading.
<ul>
<li>Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) rose 1.32% to $579.47</li>
<li>The Boeing Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) were up 0.40% to $153.80</li>
<li>Northrop Grumman Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>) gained 1.01% to $530.42</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/news/global/24/09/40909027/casualties-rise-from-exploding-hezbollah-pagers-us-says-it-had-no-advance-notice-of-coordinated-atta">Casualties Rise From Exploding Hezbollah Pagers, US Says It Had No Advance Notice Of Coordinated Attack In Lebanon</a></li>
</ul>
Photo: Shutterstock

Government

Politics

Israel Carries Out Air Assaults On Hezbollah In Southern Lebanon

Evercore ISI Group analyst Elizabeth Anderson maintains Envista Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVST#NYSE">NVST</a>) with a Outperform and raises the price target from $18 to $23.

Price Target

Analyst Ratings

NVST

Evercore ISI Group Maintains Outperform on Envista Holdings, Raises Price Target to $23

Macro Economic Events

Economics

President Biden Says He Will Discuss With UAE President Efforts To End The War In Gaza; They Will Discuss Efforts To Deescalate Situation In Lebanon

Copa Holdings&#39; (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cpa#NYSE">CPA</a>) top line benefits from the increased air-travel demand. The company&#39;s proactive measures to expand its fleet are praiseworthy. However, CPA&#39;s financial stability, challenged by escalated operating expenses, is hurting the company&#39;s bottom line.
<h2>Factors Favoring CPA Stock</h2>
CPA&#39;s top line is bolstered by upbeat air-travel demand. To match this increased demand scenario, CPA has increased its capacity. In August, available seat miles (a measure of capacity) increased 8.2% year over year. Revenue passenger miles increased 5.8%.
The company&#39;s efforts to expand its fleet are commendable. In July 2024, CPA took delivery of its first Boeing 737 MAX 8, increasing its total fleet to 110 aircraft. By the end of the second quarter, the consolidated fleet included 67 Boeing 737-800s, 32 Boeing 737 MAX 9s, 9 Boeing 737-700s and 1 Boeing 737-800 freighter. Such moves reflect the company&#39;s continued commitment to growth and modernization.
Copa Holdings&#39; commitment to reward its shareholders through dividends is noteworthy. The company will make its third dividend payment of the year of&nbsp;$1.61&nbsp;per share on&nbsp;Sept. 13, 2024, to all Class A and Class B shareholders on record as of&nbsp;Aug. 30, 2024. These initiatives not only bolster investors&#39; confidence but also positively impact earnings per share.
<h2>Copa Holdings: Key Risks to Watch</h2>
The surge in operating expenses is adversely impacting the company&#39;s bottom line, due to rising fuel and labor costs. In the second quarter of 2024, operating costs increased by 7.4% year over year.
In the second quarter of 2024, the fuel expenses accounting for 37.3% of the total operating expenses increased by 15% year over year, due to a 5.2% higher effective fuel price and a 9.6% increase in fuel gallons consumed. The labor costs comprising wages, salaries, benefits and other employees&#39; expenses increased by 8.6% year over year.
Copa Holdings is currently mired in multiple headwinds, which have led to its unimpressive price performance. Shares of CPA have plunged 13.9% over the past year against 24.8% growth in its&nbsp;industry.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4d/78822.jpg?v=1908983924" />
Image Source: Zacks Investment Research
<h2>CPA&#39;s Zacks Rank and Stocks to Consider</h2>
CPA is currently carrying a Zacks Rank #3 (Hold).
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include C.H. Robinson Worldwide (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/chrw#NASDAQ">CHRW</a>) and Westinghouse Air Brake Technologies.
C.H. Robinson Worldwide currently sports a Zacks Rank #1 (Strong Buy).&nbsp;CHRW has an expected earnings growth rate of 25.2% for the current year.
The company has an impressive earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters and missed once, delivering an average surprise of 7.3%. Shares of CHRW have risen 21.7% in the past year.
WAB carries a Zacks Rank #2 (Buy) at present and has an expected earnings growth rate of 26% for the current year.
The company has an encouraging track record concerning the earnings surprise surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missed once. The average beat is 11.8%. Shares of WAB have climbed 66.8% in the past year.
<a href="https://www.zacks.com/stock/news/2339954/here-s-why-investors-should-retain-copa-holdings-stock-for-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2339954">To read this article on Zacks.com click here.</a>

Earnings

Mid Cap

Dividends

CHRW

Here's Why Investors Should Retain Copa Holdings Stock for Now

Evercore ISI Group analyst Stephen Kim maintains Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) with a Outperform and lowers the price target from $240 to $236.

Evercore ISI Group Maintains Outperform on Lennar, Lowers Price Target to $236

Whales with a lot of money to spend have taken a noticeably bearish stance on PepsiCo.
Looking at options history for PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 69% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $425,199 and 7, calls, for a total amount of $330,911.
<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 $155.0 to $185.0 for PepsiCo over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of PepsiCo stands at 1345.0, with a total volume reaching 17,200.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PepsiCo, situated within the strike price corridor from $155.0 to $185.0, throughout the last 30 days.
<h3>PepsiCo Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727109048_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 style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$4.9</td>
<td>$4.85</td>
<td>$4.9</td>
<td>$175.00</td>
<td>$119.5K</td>
<td style="text-align: right;">490</td>
<td>267</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.97</td>
<td>$2.91</td>
<td>$2.91</td>
<td>$170.00</td>
<td>$117.2K</td>
<td style="text-align: right;">994</td>
<td>720</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.06</td>
<td>$0.98</td>
<td>$1.0</td>
<td>$185.00</td>
<td>$79.1K</td>
<td style="text-align: right;">705</td>
<td>1.2K</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$4.55</td>
<td>$4.45</td>
<td>$4.55</td>
<td>$172.50</td>
<td>$71.4K</td>
<td style="text-align: right;">0</td>
<td>170</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$5.35</td>
<td>$5.2</td>
<td>$5.2</td>
<td>$155.00</td>
<td>$68.1K</td>
<td style="text-align: right;">217</td>
<td>133</td>
</tr>
</tbody>
</table>

<h3>About PepsiCo</h3>
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the US and overseas. International markets make up 40% of total sales and one third of operating profits.
<h3>Where Is PepsiCo Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 2,295,802, with PEP's price up by 1.01%, positioned at $172.91.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 15 days.</li>
</ul>
<h3>What The Experts Say On PepsiCo</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $185.0.
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; Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Equal-Weight with a new price target of $185.
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 PepsiCo with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Unpacking the Latest Options Trading Trends in PepsiCo

Investors with a lot of money to spend have taken a bullish stance on Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WOLF, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Wolfspeed.
This isn't normal.
The overall sentiment of these big-money traders is split between 75% bullish and 12%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $141,120, and 5 are calls, for a total amount of $194,860.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $6.0 to $11.0 for Wolfspeed over the recent three 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 Wolfspeed'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 Wolfspeed's whale activity within a strike price range from $6.0 to $11.0 in the last 30 days. 
<h3>Wolfspeed Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727109043_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.0</td>
<td>$1.95</td>
<td>$1.95</td>
<td>$8.00</td>
<td>$57.5K</td>
<td>2.4K</td>
<td style="text-align: right;">720</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.0</td>
<td>$1.95</td>
<td>$1.95</td>
<td>$8.00</td>
<td>$57.5K</td>
<td>2.4K</td>
<td style="text-align: right;">380</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/18/26</td>
<td>$4.4</td>
<td>$2.8</td>
<td>$3.7</td>
<td>$10.00</td>
<td>$55.5K</td>
<td>763</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$1.3</td>
<td>$1.2</td>
<td>$1.3</td>
<td>$11.00</td>
<td>$38.8K</td>
<td>250</td>
<td style="text-align: right;">300</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$3.7</td>
<td>$3.6</td>
<td>$3.7</td>
<td>$6.00</td>
<td>$36.9K</td>
<td>56</td>
<td style="text-align: right;">200</td>
</tr>
</tbody>
</table>

<h3>About Wolfspeed</h3>
Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of its revenue from Europe and the rest from the United States, China, Hong Kong, Asia Pacific, and other regions.
Following our analysis of the options activities associated with Wolfspeed, we pivot to a closer look at the company's own performance.
<h3>Where Is Wolfspeed Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 5,996,730, with WOLF's price down by -3.58%, positioned at $7.81.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 35 days.</li>
</ul>
<h3>What The Experts Say On Wolfspeed</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $25.0.
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 Canaccord Genuity persists with their Buy rating on Wolfspeed, maintaining a target price of $25. 
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 Wolfspeed with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

WOLF

Market Whales and Their Recent Bets on WOLF Options

Financial giants have made a conspicuous bearish move on CRH. Our analysis of options history for CRH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRH#NYSE">CRH</a>) revealed 10 unusual trades.
Delving into the details, we found 10% of traders were bullish, while 90% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $123,500, and 8 were calls, valued at $463,346.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $85.0 to $85.0 for CRH during the past quarter. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for CRH options trades today is 1209.0 with a total volume of 3,159.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for CRH's big money trades within a strike price range of $85.0 to $85.0 over the last 30 days.
<h3>CRH 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727109037_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CRH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.9</td>
<td>$2.4</td>
<td>$3.8</td>
<td>$85.00</td>
<td>$95.0K</td>
<td>101</td>
<td style="text-align: right;">279</td>
</tr>
<tr>
<td>CRH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$8.9</td>
<td>$8.8</td>
<td>$8.8</td>
<td>$85.00</td>
<td>$71.2K</td>
<td>2.3K</td>
<td style="text-align: right;">98</td>
</tr>
<tr>
<td>CRH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$9.0</td>
<td>$8.8</td>
<td>$8.8</td>
<td>$85.00</td>
<td>$70.4K</td>
<td>2.3K</td>
<td style="text-align: right;">656</td>
</tr>
<tr>
<td>CRH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$8.9</td>
<td>$8.8</td>
<td>$8.8</td>
<td>$85.00</td>
<td>$64.2K</td>
<td>2.3K</td>
<td style="text-align: right;">553</td>
</tr>
<tr>
<td>CRH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$9.0</td>
<td>$8.8</td>
<td>$8.8</td>
<td>$85.00</td>
<td>$59.8K</td>
<td>2.3K</td>
<td style="text-align: right;">184</td>
</tr>
</tbody>
</table>

<h3>About CRH</h3>
CRH is a global manufacturer of a range of building products used in construction projects, operating via a vertically integrated business model. The past decade has seen CRH transform into a leading building materials business, with increasing exposure to upstream building activities such as aggregates and cement. CRH's geographic footprint is mostly across developed markets. North America is CRH's largest market and accounts for 75% of EBITDA. The company is the largest producer of aggregates and asphalt in the US.
In light of the recent options history for CRH, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of CRH</h3>
<ul>
<li>Trading volume stands at 1,207,265, with CRH's price down by -1.74%, positioned at $91.27.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 54 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
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 CRH, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Looking At CRH's Recent Unusual Options Activity

Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) has outperformed the market over the past 10 years by 1.04% on an annualized basis producing an average annual return of 12.23%. Currently, Lockheed Martin has a market capitalization of $138.10 billion. 
Buying $1000 In LMT: If an investor had bought $1000 of LMT stock 10 years ago, it would be worth $3,194.64 today based on a price of $579.38 for LMT at the time of writing.
<h3>Lockheed Martin's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727109016_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.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $3,200 Today

Agilent Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/A#NYSE">A</a>) has outperformed the market over the past 20 years by 1.28% on an annualized basis producing an average annual return of 9.75%. Currently, Agilent Technologies has a market capitalization of $40.57 billion. 
Buying $100 In A: If an investor had bought $100 of A stock 20 years ago, it would be worth $642.18 today based on a price of $141.19 for A at the time of writing.
<h3>Agilent Technologies's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727109010_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 $100 Invested In Agilent Technologies 20 Years Ago Would Be Worth Today

Evercore ISI Group analyst Durgesh Chopra maintains Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) with a Outperform and raises the price target from $212 to $254.

Evercore ISI Group Maintains Outperform on Constellation Energy, Raises Price Target to $254

NFLX

Live On CNBC, Steve Weiss Announces Trimmed Netflix Position

Strong market share and growing opportunities in online sports betting could push Flutter Entertainment (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) shares higher, according to Needham analyst Bernie McTernan, who initiated coverage with a Buy rating and a $270 price target
The Analyst Takeaways: With Flutter's dominant global scale, McTernan said it's time for investors to "add it to the bet slip" with the initiation of coverage on the stock during the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40885110/draftkings-sportsbooks-could-benefit-from-week-2-nfl-underdogs-winning"> 2024 NFL season.</a>
"We see FLUT's leadership position in the US as an increasingly important earnings driver for the company, powering 25% global adj. EBITDA CAGR over the next three years," McTernan said.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40852939/flutter-entertainment-bets-big-in-brazil-with-350m-nsx-stake-details">Flutter Entertainment Bets Big In Brazil With $350M NSX Stake: Details</a>
The total addressable market size of online sports betting in the U.S. could "continue to surprise to the upside," McTernan said. The U.S. drives nearly 75% of the asset value in Needham&#8217;s &#8220;SOTP (sum of the parts) and should be the significant focus for investors,&#8221; he added.
FanDuel, owned by Flutter, saw strong revenue and customer growth in the second quarter, McTernan added. With competitor DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), FanDuel has a near duopoly in the U.S. online sports betting market.
"Scale and commitment to product leadership from FanDuel and DKNG likely keeps the OSB market dominated by these two players,&#8221; he added.
A Needham survey revealed that sports bettors primarily use FanDuel and DraftKings.
"We think share can continue to ebb and flow between FanDuel and DKNG as we do not see a physical network effect in OSB meaning there is not a structural reason for dominant market share leader like digital marketplaces."
A Flutter Investor Day on Sept. 25 could provide more forecasts on the total addressable market size and EBITDA goals from the company, McTernan added.
"The US TAM continues to be larger than anticipated which should pay dividends for the operators that are able to consolidate market share. We see significant earnings power for the consolidated business if this thesis plays out."
McTernan said unless the market structure in the U.S. changes, it's "FanDuel and DKNG at the top and then everyone else."
FanDuel (37.8%) and DraftKings (34.8%) had a combined 73% market share in 2023. BetMGM ranks a distant third at 8.6% market share.
In the second quarter of 2024, FanDuel had market share of 37.3% with DraftKings at 37.0%. Both BetMGM and fourth-place Caesars had lower market share in the first two quarters of 2024 compared to 2023.
FLUT Price Action: Flutter stock trades at $231.94 versus a 52-week trading range of $174.03 to $234.54. Flutter stock is up 33% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40446628/draftkings-vs-flutter-analyst-lays-out-bull-vs-bear-debate-with-sports-betting-mark">DraftKings Vs. Flutter: Analyst Lays Out Bull Vs. Bear Debate With Sports Betting Market &#8216;Increasingly Functioning As A Duopoly&#8217;</a></li>
</ul>
Image: Shutterstock

Analyst Color

Sports Betting

Initiation

DKNG

FLUT

Flutter Analyst Sees 'Significant Earnings Power' With Growing Duopoly, Sports Betting Market Size: 'Add It To The Bet Slip'

Toyota Motor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), Volkswagen AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), and General Motors Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) are lagging behind Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and several Chinese competitors regarding critical software needed to power electric vehicles (EVs), the Financial Times <a target="_blank" href="https://www.ft.com/content/7e5677b8-87fa-41fa-8648-9009ac7f14fc" rel="noreferrer noopener">reports</a>.
Only three legacy automakers—Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), General Motors, and Bayerische Motoren Werke AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMWYY#OTC">BMWYY</a>)—made the top 10 in their &#8220;digital automaker index,&#8221; the Financial Times cites a Gartner report. Tesla, Chinese companies like Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and Xpeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), and startups such as Rivian Automotive, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) dominated the list.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39880027/should-elon-musk-be-worried-toyota-hyundai-and-ford-challenge-tesla-on-home-turf-with-more-evs-on-us" rel="noreferrer noopener">Should Elon Musk Be Worried? Toyota, Hyundai, And Ford Challenge Tesla On Home Turf With More EVs On US Roads As Billionaire&#8217;s Auto Giant Faces Sales Slump</a>
The automotive industry transition to software development proved challenging for major players like Toyota and Volkswagen, who need help to keep pace with changes focused on software controlling EV batteries, safety systems, and self-driving technology.
However, Chinese EV stocks are also facing <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks" rel="noreferrer noopener">a challenging year</a>, as the domestic economic slowdown led to a price war. The stocks are down 31%- 42% in the last 12 months.
The U.S. sanctions on advanced artificial intelligence chips further affected the industry. Tesla is up 0.80% in the last 12 months.
Meanwhile, another U.S. embargo on the auto industry posed <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks" rel="noreferrer noopener">an additional problem</a>. The U.S. Commerce Department is considering restricting importing and selling Chinese-made vehicles that contain critical communications and automated driving systems, citing national security concerns.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/40745366/toyota-scales-back-2026-ev-production-plans-by-30-trims-target-to-1m-cars-as-global-demand-weakens-r" target="_blank" rel="noreferrer noopener">Toyota Scales Back 2026 EV Production Plans By 30%, Trims Target To 1M Cars As Global Demand Weakens: Report</a></li>
</ul>
Disclaimer: This content was partially produced using AI tools and reviewed and published by Benzinga editors.
Image via Shutterstock

Tech

Media

BMWYY

LCID

RIVN

TSLA

VWAGY

XPEV

Tesla And Chinese EV Startups Outpace Toyota, Volkswagen In Critical Software Race: Report

WIIM

PYPL

PayPal shares are trading higher after Deutsche Bank raised its price target on the stock from $74 to $94.

Levi's is getting closer with Beyoncé. The denim mainstay posted a drawing reminiscent of Beyoncé's "Cowboy Carter" album cover on Instagram Monday morning. While the only text alongside the image of a cowgirl on a horse said, "Introducing: A New Chapter," clicking on the red and white picture produced a caption that said "beyonce." &nbsp;A spokeswoman for the brand declined to elaborate and simply said, "More to come." &nbsp;That teases some sort of a collaboration between the brand and the superstar just as they both have been going after some of the same cultural touchpoints. &nbsp;The "Cowboy Carter" album this spring included the song, "Levii's Jeans" with Post Malone. &nbsp;It's a country-tinged love song that had Beyoncé almost literally singing Levi's song, including the lines: &nbsp; "Denim on denim, on denim, on denim Give you high fashion in a simple white T Give you these blues, it's in my jeans" Levi's, which has been pushing denim-on-denim styles, made the most of the mention, changing its name and logo on social media to "Levii's" to match the song title. &nbsp;It was a musical mention that also seemed to resonate in brick-and-mortar. &nbsp;Pass_by, which uses AI to predict IRL movements, said the single drove a 19.9 percent increase in foot traffic at Levi's stores, compared with the Easter Week average over the prior three years. James Ewen, vice president of marketing at Pass_by, said at the time: "Amidst a digital shopping era, the tangible experiences offered by physical stores, when amplified by cultural icons like Beyoncé, become not just relevant but vital." &nbsp; Shortly after the album dropped in April, Levi's chief executive officer Michelle Gass told Wall Street analysts: "We continue to drive brand heat and impactful storytelling by showing up at the center of culture across music, art and design, fashion and sports. We were thrilled and honored to have Beyoncé name a song after us on her newest album. And as an example of our agility, we responded to the speed of culture, not only demonstrating our understanding of engaging social communities in an authentic way, but also generating more than 3 billion impressions and a ton of buzz for the brand that remains today." Levi's clearly wants to keep that buzz going by linking with Queen Bey directly.
<a href="https://wwd.com/business-news/marketing-promotion/levis-teases-beyonce-collaboration-leviis-1236640047/" title="https://wwd.com/business-news/marketing-promotion/levis-teases-beyonce-collaboration-leviis-1236640047/">https://wwd.com/business-news/marketing-promotion/levis-teases-beyonce-collaboration-leviis-1236640047/</a>

Rumors

LEVI

'Levi's Teases a New Beyoncé Collaboration' - WWD

Moody's shares are trading lower after Raymond James downgraded the stock from Market Perform to Underperform.

Micron shares are trading higher ahead of Q4 earnings.

Embarr Downs

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