Fundamental Global Stock (NASDAQ:FGFPP), Trade Ideas

Fundamental Global Inc through its subsidiaries operates as diversified insurance, reinsurance, and investment management holding company. The company's segment includes Insurance and Asset Management. It generates maximum revenue from the Insurance segment.

Fundamental Global Inc. - 8.00% Cumulative Series A Preferred Stock

Fundamental Global Inc

Macro Economic Events

News

Economics

Federal Reserve

U.S. Treasury's Yellen Says  'China Shock' Was A Huge Loss Of Manufacturing Jobs In Parts Of U.S. That Have Not Recovered; Parts Of The U.S. Have Really 'Been Left Behind'; Free Trade Has To Be Something That Benefits People Throughout The Country; We Would Be Prepared To Use Authority To Sanction Chinese Banks If Necessary

Global

U.S. Treasury's Yellen Says Consumer Spending In China Is 'Incredibly Low'; China Exporting Its Way To Full Employment Is Not Acceptable To The Rest Of The World; U.S. Experienced China Shock After China's Exports Surged To The U.S. Following Its Admittance To WTO

Wells Fargo analyst Joseph O'Dea maintains Lennox Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LII#NYSE">LII</a>) with a Overweight and lowers the price target from $545 to $520.

Price Target

Analyst Ratings

Wells Fargo Maintains Overweight on Lennox Intl, Lowers Price Target to $520

Trading Ideas

S&P On Boeing Says Forecast That Cash Flow Will Be Modest In 2024 Before Improving In 2025; Timing Of Announcing Successful CEO, Chair Candidates Is Unknown, Though We Assume It Will Take Place This Year; Anticipate That Boeing Will Not Generate Sufficient Free Cash Flow In 2024 To Cover About $5B Of Debt Maturities

Wells Fargo analyst Joseph O'Dea maintains Fortive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) with a Equal-Weight and lowers the price target from $92 to $84.

Wells Fargo Maintains Equal-Weight on Fortive, Lowers Price Target to $84

S&P On Boeing Says Assume A Significant Increase In 2025 Deliveries, And Further Improvement Thereafter; Believe The Re-integration Of Spirit Would Likely Improve Product Quality Over The Long Term; Negative Outlook On Boeing Primarily Reflects Risk That Max Production And Delivery Increases Could Progress More Slowly Than We Expect

S&P Says Boeing Is In Discussions To Acquire Spirit AerosyStems, Which, If Completed, Would Increase Its Debt Levels; Revised Outlook To Negative To Reflect Increased Potential For Boeing To Face Further Delays In Expected Recovery Of Its Cash Flow, Credit Ratios; Believe Risk Associated With Boeing's Ability To Restore Credit Measures To Levels Consistent With Our Rating Over Next Few Years Has Increased

CNX Resources Says Not Planning To Curtail Any Production Right Now

Wells Fargo analyst Matthew Akers maintains Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) with a Equal-Weight and raises the price target from $460 to $480.

Wells Fargo Maintains Equal-Weight on Lockheed Martin, Raises Price Target to $480

U.S. Treasury's Yellen Says We're Concerned About Overdependence On One Country For Total Global Supply Of This Range Of Products; China Has Agreed To Extended, Intense Discussion On The Issue; Overcapacity Issue Developed Over Many Years, It's Not Going To Be Solved In A Day Or A Week; Not Taking Anything Off The Table In Terms Of U.S. Response

U.S. Treasury's Yellen Says overcapacity In China Is Not Just A U.S. Issue, It's An Issue For Europe, Japan And Emerging Markets Like India And Mexico; We Have No Problem With China Producing And Selling Globally; U.S., Europe, Other Countries Want The Ability To Produce Clean Energy Goods

Evercore ISI Group analyst David Togut maintains Western Union (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WU#NYSE">WU</a>) with a In-Line and raises the price target from $14 to $15.

Evercore ISI Group Maintains In-Line on Western Union, Raises Price Target to $15

Evercore ISI Group analyst James West maintains Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) with a Outperform and raises the price target from $130 to $151.

WFRD

Evercore ISI Group Maintains Outperform on Weatherford International, Raises Price Target to $151

S&P Says Boeing Co. Outlook Revised To Negative On Delay Of Credit Metrics Restoration; 'BBB-/A-3' Ratings Affirmed; Boeing Faces Heightened Production Uncertainty, Notably Related To Quality Issues Affecting 737 Max Aircraft, Key Changes To Leadership Pending

Wells Fargo analyst Vik Chopra maintains Conmed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNMD#NYSE">CNMD</a>) with a Equal-Weight and lowers the price target from $98 to $77.

CNMD

Wells Fargo Maintains Equal-Weight on Conmed, Lowers Price Target to $77

Evercore ISI Group analyst Amit Daryanani maintains Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) with a Outperform and raises the price target from $90 to $95.

Evercore ISI Group Maintains Outperform on Vertiv Hldgs, Raises Price Target to $95

U.S. Treasury's Yellen Says China Has Acknowledged A Problem With Overcapacity; Emphasizing Undesirable Spillovers From Chinese Overcapacity

Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) continues to showcase robust performance in its first-quarter earnings <a href="https://www.benzinga.com/quote/NFLX/news">report for 2024</a>. 
The streaming company is now on track to monetize about 40 million borrowers (i.e., people who do not live in the same household but share the same account). 
In order to curb sharers/borrowers of an account outside a household, Netflix has restricted access to sharers beyond a household. The company also devised ways to make it easier for borrowers to transfer Netflix profiles into their own account. 
The initiative ultimately means more paying accounts for Netflix.
Read More: <a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">Netflix Q1 Earnings Highlights: Revenue Beat, EPS Beat, 9.33 Million Paid Subs Added, Ad-Tier Plan Update And More</a>
With revenue surging to $9.37 billion, a 14.8% year-over-year increase, and earnings per share standing at $5.28, surpassing analyst estimates, Netflix demonstrates its resilience and ability to thrive in the ever-evolving media industry. 
The company&#8217;s relentless pursuit of growth is evident in its addition of 9.33 million paid subscribers during the first quarter alone, bringing its total subscriber base to a staggering 269.60 million, marking a significant 16.0% increase from the previous year. Such impressive numbers underscore Netflix&#8217;s unparalleled position as a market leader in the streaming space.
Netflix stock is up 68.72% over the past year, 14.02% YTD.
<h3 class="wp-block-heading">Netflix Strategy Through The Lens Of JPMorgan</h3>
Moreover, insights from JPMorgan&#8217;s Video Streaming Survey shed light on Netflix&#8217;s strategy to further capitalize on its user base. 
The survey reveals 44% of Netflix borrowers in the first quarter indicated their intention to either obtain their own subscription (38%) or become an additional member (6%). This data suggests that Netflix is effectively converting borrowers into paying customers, with projections estimating the potential monetization of approximately 40 million borrowers by the end of 2024. 
Netflix&#8217;s initiatives to curb password sharing and introduce an ad-tier plan are notable developments aimed at enhancing monetization opportunities. 
With 65% of Netflix users now restricted from sharing their accounts outside their households, and a growing awareness of the ad-tier option among subscribers, Netflix is diversifying its revenue streams and catering to varying consumer preferences.
<h2 class="wp-block-heading">Analysts See Over 25% Upside For Netflix Stock</h2>
In light of these developments, analysts remain bullish on Netflix&#8217;s future prospects. 
Following the release of the Q1 earnings report, Evercore ISI Group, B of A Securities, and Oppenheimer issued their latest ratings, collectively assigning an average price target of $691.67 for Netflix stock. This projection implies a substantial 26.03% upside potential, reflecting analysts&#8217; confidence in Netflix&#8217;s ability to capitalize on its expanding subscriber base and innovative monetization strategies.
As Netflix continues to invest in original content, expand its global footprint, and innovate its platform, the company remains poised for sustained growth and profitability. 
With a compelling combination of subscriber growth, revenue diversification, and analyst optimism, Netflix stands at the forefront of the digital entertainment revolution, poised to deliver significant value to both investors and consumers alike.
Now Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38429532/bullish-boeing-analyst-says-didnt-expect-things-to-start-falling-apart-in-midair-if">Bullish Boeing Analyst Says &#8216;Didn&#8217;t Expect Things To Start Falling Apart In Midair&#8216;</a>
Image: Shutterstock

Analyst Color

Long Ideas

Tech

NFLX

Netflix Could Monetize 40M Borrowers By End Of 2024, Analysts See Over 25% Upside

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust</h3>
The SPY (ARCA: SPY) is presently trading around the price of 502.85. The bullish perspective hopes for an initial rise to 503.95. Maintaining strong performance above this mark could usher the SPY towards a subsequent target of 505.32. Should this level prove stable during regular market hours, there may be potential for an ascent to 506.06, with an ambitious high target of 507.52 for today&rsquo;s session.
Conversely, if the SPY fails to maintain support at 502.85, the bearish scenario comes into play. We would anticipate a move down to 501.74, testing market resilience. If bearish momentum persists and the price breaks below this level, a further decline to 500.91 could occur, with an ultimate strong support possibly forming at 500.17. Should today manifest a pronounced downward trend, the price might even reach a lower bear target of 498.93.
<h3>Invesco QQQ Trust Series 1</h3>
The QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) , or &quot;the Q&#39;s&quot;, is currently positioned around 422.16. Bullish traders are looking to uphold the price above 423.27, seeking to establish firm support there. If successful, the next target is 424.04, with potential further gains leading to 425.77. Should today&rsquo;s trading conditions be favorable, the bulls may aim for a peak price of 427.32, with the highest target set at 428.50.
On the downside, if 422.16 cannot serve as a stable base during today&rsquo;s trading, bears might push the price down to 420.76. A confirmed weakness could see the QQQ descend to 419.89 and possibly to 419.19 if support levels fail. In a scenario of pronounced bearish pressure, a drop to a lower bearish target of 417.49 might be witnessed.
<h3>Apple Inc.</h3>
Apple&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) stock is currently hovering around 168.99. From a bullish viewpoint, maintaining this level is crucial. If support holds, there&#39;s potential for a rise to 169.73, with continued momentum possibly pushing the price to 170.32. If the overall market sentiment remains bullish today, Apple might see a peak target of 171.13.
If Apple&rsquo;s price falls below 168.99 during regular trading hours, it may signal bearish control, prompting a retest at 168.00. Persisting sell-offs could lead to further declines towards 167.59 and 167.09. In a significant downturn, the price might gravitate towards the day&rsquo;s low bear target of 166.27.
<h3>Microsoft Corp. </h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is trading near 400.30. Bulls aim to keep the price above 401.39 and strengthen it up to 402.74, solidifying it as a support level. Sustained buying could propel the stock towards 404.92, aiming for the highest bullish target of 406.01 for the day.
If support at 400.30 gives way, a bearish outlook suggests a possible dip to 399.21. If this level cannot hold, further declines to 398.38 and 397.65 could be expected. The lowest bear target for Microsoft today is set at 395.68.
<h3>NVIDIA Corporation</h3>
NVIDIA&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) stock is being watched closely at the 799.10 mark. Bulls are looking to propel it initially to 804.61 and establish clear support. With continued buying interest, a push towards 810.13 and possibly up to 816.95 could be seen, setting a high target of 823.52 for the day.
However, if NVIDIA cannot maintain the 799.10 level as a strong support today, bears may look to decrease the price to 794.94. If selling intensifies, a further drop to 791.44 and then to 781.59 could occur. In a substantial bearish trend, the day&rsquo;s low target could be 775.50.
<h3>Alphabet Inc Class A</h3>
Alphabet&rsquo;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) current level is 154.44. Bulls seek to stabilize the price at 154.95 and advance it to 155.59. With ongoing bullish momentum, the price might aim for today&rsquo;s high target of 156.61.
Should the price fall below 154.44, bears might drive it down to 153.54. If this level fails to hold, the price might be pushed further to 152.94, and in a significant sell-off, down to a low bear target of 152.27.
<h3>Meta Platforms Inc</h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is trading around 420.24. Bulls are keen on supporting the price here and pushing it higher to 426.00. Strong buying could lead to further advances towards 429.01, with a potential high target of 436.87.
Conversely, if 420.24 fails as a support level, bears might force the price down to 417.87. Continuing bearish trends could lead to further declines to 412.80, and if not held, down to the day&rsquo;s low bear target of 409.16.
<h3>Tesla Inc.</h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is currently priced around 160.32. Bulls hope to drive the price up to 162.32 and further to 164.87. A bullish market trend today could see Tesla potentially reaching 166.89, with an optimistic high target of 169.70.
If Tesla&rsquo;s price does not maintain the 160.32 level, it might be tested lower at 158.92, potentially falling to 157.52. Should selling pressure persist, the price could decline to a day&rsquo;s low target of 152.97.
Final Word: Today&#39;s trading session is packed with key economic data releases that could significantly influence market dynamics. Beginning at 8:30 AM ET, we have the announcement of the GDP and Core PCE Price Index for the first quarter, coupled with the latest unemployment figures. These data points are crucial as they offer insights into the economic health and inflationary pressures, setting the tone for market volatility.
Following the morning data, the market will shift its focus to the Pending Home Sales report for March, which is scheduled for release at 10 AM ET. This indicator provides further context on the real estate market, which has implications for broader economic conditions.
In the afternoon, attention turns to the government sector with a 7 Year Note Auction from the Treasury at 1 PM ET. The outcome of this auction could impact interest rates and investor sentiment.
Wrapping up the day, the post-market hours will see key earnings announcements from major tech companies including Microsoft, Alphabet, and Intel. These earnings results are highly anticipated, as they have the potential to influence market trends and investor confidence.
Given this lineup of events, traders should be prepared for a day marked by potentially high volatility and dynamic shifts in market sentiment. It&rsquo;s advisable to stay informed, monitor the markets closely, and trade cautiously. Good luck today!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

Markets

General

AAPL

GOOGL

MSFT

NVDA

TSLA

Market Clubhouse Morning Memo - April 25th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, And TSLA)

Evercore ISI Group analyst Thomas Gallagher maintains Prudential Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRU#NYSE">PRU</a>) with a Underperform and raises the price target from $115 to $116.

Evercore ISI Group Maintains Underperform on Prudential Financial, Raises Price Target to $116

declares $0.50 dividend

FG Financial Group 8% PFD SER A declares $0.50 dividend

FG Financial Group 8% PFD SER A goes ex dividend tomorrow

FGFPP

Press Releases

Strong Technical Services Selected as Exclusive Technical Support Partner to Bow Tie Management

FG Group Holdings to Announce 2023 First Quarter Financial Results and Host Conference Call

FG Group Holdings Reports First Quarter 2023 Operating Results

FG GROUP HOLDINGS INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Merger of FG Group Holdings Inc. - FGH

FG Financial Group, Inc. and FG Group Holdings Inc. Complete Merger

Fundamental Global Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Fundamental Global Inc. Announces $6.5M Sale of Digital Ignition

BKTI

FGMC

TSX:FGAA

TSX:GFP

Arch Capital Group

American Financial Group, Inc. Common Stock

American Finl Gr

Assured Guaranty

Allstate

Axis Capital Holdings Limited Common Stock

Axis Capital Holdings

Cincinnati Financial Corporation - Common Stock

Cincinnati Financial

CNA Financial

Erie Indemnity Company - Class A Common Stock

Erie Indemnity

First American Corporation (New) Common Stock

First American Financial

Fundamental Global

Fidelis Insurance Holdings Limited Common Shares

Fidelis Insurance Hldgs

FNF Group of Fidelity National Financial, Inc. Common Stock

Fidelity National Finl

Hartford Financial Services Group, Inc. (The) Common Stock

Hartford Finl Servs Gr

Kemper

Kinsale Cap Gr

Loews

Mercury General

Markel Group

Old Republic International Corporation Common Stock

Old Republic Intl

Progressive Corporation (The) Common Stock

Progressive

Palomar Hldgs

Selective Insurance Group, Inc. - Common Stock

Selective Insurance Gr

Hanover Insurance Gr

The Travelers Companies, Inc. Common Stock

Travelers Companies

WR Berkley

White Mountains Insurance Group, Ltd. Common Stock