FILA-Fabbrica Italiana Stock (OTC: FILAF)

Latest news for FILA-Fabbrica Italiana (OTC:FILAF) Stock

FILA-Fabbrica Italiana Lapis ed Affini SpA operates in the creativity tools market, producing colouring, design, modelling, writing and painting objects, such as pencils, crayons, modelling clay, chalk, oil colours, acrylics, watercolours, paints and paper for the fine arts, school and leisure. Geographically, the company operates in Europe, North America (USA and Canada), Central and South America, Asia and the Rest of the World, which includes South Africa and Australia.

FILA FABBRICA ITALIANA by FILA FABBRICA ITALIANA LAPIS ED AFFINI SPA

FILA-Fabbrica Italiana Lapis ed Affini SpA

Financial giants have made a conspicuous bearish move on Meta Platforms. Our analysis of options history for Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) revealed 44 unusual trades.
Delving into the details, we found 31% of traders were bullish, while 52% showed bearish tendencies. Out of all the trades we spotted, 23 were puts, with a value of $1,205,081, and 21 were calls, valued at $2,327,839.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $300.0 to $705.0 for Meta Platforms over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Meta Platforms's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Meta Platforms's significant trades, within a strike price range of $300.0 to $705.0, over the past month.
<h3>Meta Platforms Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728051377_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$4.8</td>
<td>$4.7</td>
<td>$4.8</td>
<td>$600.00</td>
<td>$884.6K</td>
<td>5.8K</td>
<td>5.2K</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$2.39</td>
<td>$2.29</td>
<td>$2.36</td>
<td>$590.00</td>
<td>$249.7K</td>
<td>6.8K</td>
<td>4.0K</td>
</tr>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$2.26</td>
<td>$2.19</td>
<td>$2.19</td>
<td>$585.00</td>
<td>$181.4K</td>
<td>506</td>
<td>8.7K</td>
</tr>
<tr>
<td>META</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$320.15</td>
<td>$320.1</td>
<td>$320.1</td>
<td>$300.00</td>
<td>$160.0K</td>
<td>258</td>
<td>0</td>
</tr>
<tr>
<td>META</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$2.74</td>
<td>$2.71</td>
<td>$2.74</td>
<td>$585.00</td>
<td>$155.0K</td>
<td>506</td>
<td>14.3K</td>
</tr>
</tbody>
</table>

<h3>About Meta Platforms</h3>
Meta is the largest social media company in the world, boasting close to 4 billion monthly active users worldwide. The firm's "Family of Apps," its core business, consists of Facebook, Instagram, Messenger, and WhatsApp. End users can leverage these applications for a variety of different purposes, from keeping in touch with friends to following celebrities and running digital businesses for free. Meta packages customer data, gleaned from its application ecosystem and sells ads to digital advertisers. While the firm has been investing heavily in its Reality Labs business, it remains a very small part of Meta's overall sales.
After a thorough review of the options trading surrounding Meta Platforms, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Meta Platforms Standing Right Now?</h3>
<ul>
<li>With a trading volume of 2,522,731, the price of META is up by 0.31%, reaching $584.58.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 26 days from now.</li>
</ul>
<h3>Expert Opinions on Meta Platforms</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $706.6.
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&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Meta Platforms, which currently sits at a price target of $652. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on Meta Platforms, maintaining a target price of $630. 
&#x2A; An analyst from Rosenblatt has decided to maintain their Buy rating on Meta Platforms, which currently sits at a price target of $811. 
&#x2A; An analyst from Pivotal Research has revised its rating downward to Buy, adjusting the price target to $780. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $660.
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 Meta Platforms options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Spotlight on Meta Platforms: Analyzing the Surge in Options Activity

Iris Energy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares are trading higher Friday after the company released its September investor update. Here's a look at the <a href="https://www.benzinga.com/pressreleases/24/10/g41184132/september-2024-monthly-investor-update">details from the report</a>.
The Details:
Iris Energy mined 347 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in September and achieved a 42% increase in revenue to $21.4 million for the month. The increased revenue reflects the company's ramp-up in capacity through September which now stands at 21 EH/s installed. The company expects to reach a capacity of 31 EH/s in the fourth quarter of 2024.&nbsp;
Iris Energy reported electricity costs of $23,000 per Bitcoin, a 21% reduction from the previous month, reflective of the company's improving fleet efficiency.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/10/41169979/whats-going-on-with-nvidia-stock">Nvidia Shares Are Moving Higher: What&#8217;s Happening?</a>
The company said it purchased an additional 1,080 NVIDIA H200 GPUs, bringing its totalGPU fleet to 1,896 GPUs in its AI Cloud Services segment.&nbsp;Iris Energy's stock is up following the September investor update and trading just above its 50-day moving average of $8.03, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>. Cantor Fitzgerald analyst Brett Knoblauch reiterated an Overweight rating on the stock and maintained a $20 price target on Thursday.
<h3 class="wp-block-heading">Will IREN Stock Go Up? </h3>
When trying to assess whether or not Iris Energy will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $16.5 on Iris Energy. The Street high target is currently at $26 and the Street low target is $9.50. Of all the analysts covering Iris Energy, 16 have positive ratings, no one has neutral ratings and no one has negative ratings.
In the last month, 4 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/IREN/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Iris Energy have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Iris Energy is 15.29% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Iris Energy, visit <a href="https://www.benzinga.com/quote/IREN">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
IREN Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Iris Energy shares are up 3.89% at $8.14 at the time of publication Friday.
Read Also:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a></li>
</ul>
Image: Shutterstock&nbsp;

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

Cryptocurrency

News

Movers

$BTC

IREN

Bitcoin Miner Iris Energy Releases September Update: What To Know

Deep-pocketed investors have adopted a bullish approach towards JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</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 JPM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for JPMorgan Chase. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 46% leaning bullish and 46% bearish. Among these notable options, 4 are puts, totaling $332,489, and 9 are calls, amounting to $434,140.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $150.0 and $220.0 for JPMorgan Chase, spanning the last three months.
<h3>Volume &amp; Open Interest Development</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 JPMorgan Chase'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 JPMorgan Chase's whale activity within a strike price range from $150.0 to $220.0 in the last 30 days. 
<h3>JPMorgan Chase Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728051372_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>JPM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$3.05</td>
<td>$2.75</td>
<td>$2.83</td>
<td>$150.00</td>
<td>$169.8K</td>
<td>222</td>
<td style="text-align: right;">600</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$10.9</td>
<td>$10.6</td>
<td>$10.6</td>
<td>$200.00</td>
<td>$106.0K</td>
<td>4.0K</td>
<td style="text-align: right;">606</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.8</td>
<td>$2.74</td>
<td>$2.74</td>
<td>$195.00</td>
<td>$102.9K</td>
<td>4.5K</td>
<td style="text-align: right;">378</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.85</td>
<td>$6.75</td>
<td>$6.75</td>
<td>$220.00</td>
<td>$70.8K</td>
<td>6.4K</td>
<td style="text-align: right;">113</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$8.2</td>
<td>$8.0</td>
<td>$8.13</td>
<td>$205.00</td>
<td>$49.5K</td>
<td>271</td>
<td style="text-align: right;">75</td>
</tr>
</tbody>
</table>

<h3>About JPMorgan Chase</h3>
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
After a thorough review of the options trading surrounding JPMorgan Chase, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>JPMorgan Chase's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,719,729, with JPM's price up by 2.12%, positioned at $208.3.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 7 days.</li>
</ul>
<h3>What Analysts Are Saying About JPMorgan Chase</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $227.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for JPMorgan Chase, targeting a price of $234. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on JPMorgan Chase, which currently sits at a price target of $220. 
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 JPMorgan Chase with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Check Out What Whales Are Doing With JPM

Investors with significant funds have taken a bearish position in Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in SAVE usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 12 options transactions for Spirit Airlines. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 25% being bullish and 50% bearish. Of all the options we discovered, 11 are puts, valued at $1,529,420, and there was a single call, worth $25,200.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.0 to $12.5 for Spirit Airlines over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Spirit Airlines's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Spirit Airlines's significant trades, within a strike price range of $1.0 to $12.5, over the past month.
<h3>Spirit Airlines Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728051367_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SAVE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.0</td>
<td>$0.8</td>
<td>$1.0</td>
<td>$2.00</td>
<td>$470.4K</td>
<td>27.1K</td>
<td>800</td>
</tr>
<tr>
<td>SAVE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.84</td>
<td>$0.5</td>
<td>$0.78</td>
<td>$1.50</td>
<td>$281.1K</td>
<td>15.7K</td>
<td>3.6K</td>
</tr>
<tr>
<td>SAVE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$13.45</td>
<td>$9.2</td>
<td>$11.5</td>
<td>$12.50</td>
<td>$172.5K</td>
<td>393</td>
<td>150</td>
</tr>
<tr>
<td>SAVE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.61</td>
<td>$0.55</td>
<td>$0.61</td>
<td>$1.50</td>
<td>$152.5K</td>
<td>9.1K</td>
<td>2.7K</td>
</tr>
<tr>
<td>SAVE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$0.69</td>
<td>$0.4</td>
<td>$0.55</td>
<td>$1.00</td>
<td>$99.7K</td>
<td>794</td>
<td>2.2K</td>
</tr>
</tbody>
</table>

<h3>About Spirit Airlines</h3>
Spirit Airlines Inc serves the United States, Latin America, and Caribbean as an airline operator. It primarily offers customers unbundled base fares to strip out any unneeded travel amenities. If needed, a customer can elect for additional options at an extra charge. Flight crews are entirely interchangeable across all aircraft, and maintenance and other support services are simplified due to not having an overly complex fleet. The company has one operating segment, air transportation, owing to its system wide route structure. It may decide to expand its network if a market is underserved or overpriced. The majority of revenue is derived from the United States.
<h3>Current Position of Spirit Airlines</h3>
<ul>
<li>With a volume of 14,670,477, the price of SAVE is down -25.89% at $1.66. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 20 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
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 Spirit Airlines, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

SAVE

Spirit Airlines's Options Frenzy: What You Need to Know

Federal Reserve

Fed's Goolsbee Says A Broad Set Of Data Shows The Labor Market Is Cooling; Says If Productivity Keeps Booming, That Implies Higher Growth, Higher Neutral Rate

According to new research, almost half American households, about 45%, are expected to run out of money in retirement if they <a href="https://www.benzinga.com/personal-finance/24/09/40964924/most-people-expect-to-retire-at-67-but-56-retire-sooner-can-you-guess-the-actual-average-retirem">stop working at 65</a>. This raises some serious red flags, especially as more people live longer and rely on their savings to fund retirement.
The study, conducted by the Morningstar Center for Retirement &amp; Policy Studies, used a new simulation tool to evaluate retirement readiness. The tool factors in individual traits, health care expenses and life expectancy.
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Single women are at an even higher risk, with 55% likely to run out of money, compared to 41% of couples and 40% of single men.
Not all groups are equally affected. The study found that 61% of Hispanic Americans and 59% of non-Hispanic Black Americans face a high risk of financial shortfall, compared to about 40% of non-Hispanic white Americans.&nbsp;
One major reason is the lack of access to employer-sponsored retirement plans like 401(k)s. About 56% of American workers, totaling 69 million people, don't have access to any retirement plan through their employer, which puts them at a significant disadvantage.
See Also: Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.
According to a Clever survey, two-thirds of retirees believe the country is in a retirement crisis and 40% worry about outliving their savings. Retired women are particularly vulnerable, with 28% having no savings compared to 20% of men. Many retired women also report having saved less due to lower earnings during their working years, leading to more financial insecurity in retirement.
Retirement timing also plays a crucial role. Retiring earlier increases the risk of running out of money. If Americans retire at 62, the earliest they can claim Social Security, about 54% could face a financial shortfall, whereas <a href="https://www.benzinga.com/personal-finance/24/05/39064579/suze-orman-says-70-is-the-new-retirement-age-but-is-she-right">delaying retirement until 70</a> reduces the risk significantly to 28%. However, the <a href="https://www.benzinga.com/personal-finance/24/09/40969826/people-who-dont-save-enough-for-retirement-think-working-longer-will-help-but-experts-warn-this-">average </a>retirement age is 61.5, often due to unexpected layoffs, health issues or caregiving responsibilities, making it harder for many to build sufficient savings.
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
Improving retirement security starts with making the most of employer-sponsored retirement plans, like 401(k)s. If you have access to one, contribute as much as possible, especially to get matching funds from your employer. And whatever you do, avoid dipping into it early. Early withdrawals can seriously disrupt your long-term savings.
There's also growing support for expanding access to pensions. In fact, 83% of Americans believe every worker should have a pension to ensure financial independence in retirement. People want more stability and pensions offer that kind of security that 401(k)s alone might not provide.
Trending: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
Beyond that, many Americans call for Congress to <a href="https://www.benzinga.com/personal-finance/24/05/38943129/social-security-fears-go-viral-should-you-claim-early-like-dave-ramsey-says">step up and address Social Security's future</a>. Nearly all Americans agree it's crucial to shore up Social Security funding before it's too late. This isn't just some long-term worry either – people want action now to ensure the program remains solid for future generations.
The path to a secure retirement comes with plenty of challenges, but getting started early, staying consistent with contributions and delaying retirement are key steps toward financial stability.&nbsp;
Managing all the variables – from rising health care costs to inflation – can feel overwhelming. This is where <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">speaking with a financial advisor</a> can pay off. A professional can help breakdown complex decisions, like how to maximize Social Security benefits or what investment strategies might suit your goals.
Read Next:
<ul>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li>A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a></li>
</ul>

Personal Finance

Is 65 Too Early To Retire? New Research Says It Might Be – 45% Of Households Are Expected To Run Out Of Money

U.S. stocks traded lower this morning, with the Dow Jones index gaining more than 200 points on Friday.
Following the market opening Friday, the Dow traded up 0.48% to 42,212.69 while the NASDAQ rose 0.65% to 18,034.35. The S&amp;P 500 also rose, gaining, 0.50% to 5,728.62.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/10/41183602/how-to-earn-500-a-month-from-phillips-66-stock-ahead-of-q3-earnings">How To Earn $500 A Month From Phillips 66 Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Consumer discretionary shares jumped by 1.2% on Friday.
In trading on Friday, real estate shares dipped by 0.9%.
Top Headline
The U.S. economy added 254,000 jobs in September, compared to a revised 159,000 gain in August, and topping market estimates of 147,000. The unemployment rate declined to 4.1% in September from 4.2% in the previous month.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Phoenix Motor Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares shot up 118% to $0.7536 after the company reported a substantial increase in the first-quarter results.</li>
<li>Shares of Forward Industries, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORD#NASDAQ">FORD</a>) got a boost, surging 65% to $5.84.</li>
<li>Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) shares were also up, gaining 55% to $1.85 after the company announced its subsidiary, Beneficient Company Holdings, consummated a previously announced transaction pursuant to which approximately $126 million of its preferred equity was redesignated as non-redeemable.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Color Star Technology Co., Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares dropped 28% to $0.3237 after dipping around 57% on Thursday. Color Star Technology recently regained compliance with Nasdaq Minimum Bid Price Rule after maintaining $1.00 per share for 10 consecutive days.</li>
<li>Shares of Upexi, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UPXI#NASDAQ">UPXI</a>) were down 27% to $2.34 after the company reported worse-than-expected third-quarter sales results and issued its FY24 adjusted EPS guidance with its midpoint below estimates. The company began a strategic review for its Dockers brand and is exploring a potential sale or other strategic transactions.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) was down, falling 27% to $1.63 following a report suggesting that the company is exploring the potential of filing for bankruptcy.</li>
</ul>
Commodities In commodity news, oil traded up 0.9% to $74.34 while gold traded down 0.4% at $2,669.20.
Silver traded down 0.6% to $32.255 on Friday, while copper rose 1.1% to $4.6025.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 rose 0.4%, Germany's DAX rose 0.6% and France's CAC 40 climbed 1.1%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 rose 0.1%.
The S&amp;P Global UK construction PMI jumped to 57.2 in September compared to 53.6 in the previous month, while France construction PMI declined to 37.9 in September from 40.1 in the earlier month. The HCOB Eurozone construction PMI climbed to 42.1 in September versus 41.4 in the prior two months.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 0.22%, Hong Kong's Hang Seng Index gaining 2.82% and India's BSE Sensex dipping 0.98%.
The HSBC India services PMI was revised downward to 57.7 in September versus a preliminary reading of 58.9. The S&amp;P Global Hong Kong SAR PMI surged to 50.0 in September compared to August's reading of 49.4.
Economics
The U.S. economy added 254,000 jobs in September, compared to a revised 159,000 gain in August, and topping market estimates of 147,000. The unemployment rate declined to 4.1% in September from 4.2% in the previous month.
Now Read This: 
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<li><a href="https://www.benzinga.com/news/24/10/41184233/dominos-pizza-to-rally-over-38-here-are-10-top-analyst-forecasts-for-friday">Domino&#8217;s Pizza To Rally Over 38%? Here Are 10 Top Analyst Forecasts For Friday</a></li>
</ul>

Earnings

Equities

Eurozone

Commodities

Trading Ideas

BENF

FORD

UPXI

Dow Jumps 200 Points; US Payrolls Top Expectations

Beneficient (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BENF#NASDAQ">BENF</a>) shares are trading higher Friday after the company announced it has consummated a transaction to increase its permanent <a href="https://www.benzinga.com/pressreleases/24/10/g41181984/beneficient-consummates-transaction-to-increase-permanent-equity-by-126-million">equity by $126 million</a>.
The Details:
The previously announced transaction redesignated $126 million of its preferred equity as non-redeemable. As a result of the transaction, which was approved by the company&#8217;s founders holding the majority of the preferred equity, Beneficient expects approximately $126 million of temporary equity to be reclassified to permanent equity on its balance sheet as of Sept. 30, 2024.
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/10/41169979/whats-going-on-with-nvidia-stock">Nvidia Shares Are Moving Higher: What&#8217;s Happening?</a>
Beneficient shares are racing higher in Friday's premarket session on heavy trading volume as investors weigh the company's announcement. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Beneficient's stock has a float of only 3.1 million shares and more than 17 million shares have already changed hands on Friday.&nbsp;
<h3 class="wp-block-heading">How To Buy BENF Stock: </h3>
By now you're likely curious about how to participate in the market for Beneficient &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
BENF Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Beneficient shares are up 59.2% at $1.89 at the time of publication Friday.
Read Also:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a></li>
</ul>
Image: Gerd Altmann from Pixabay

Penny Stocks

Why Beneficient Stock Is Up Today

Barclays analyst Lauren Lieberman maintains PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) with a Overweight and lowers the price target from $187 to $186.

Price Target

Analyst Ratings

Barclays Maintains Overweight on PepsiCo, Lowers Price Target to $186

Fed's Goolsbee Says We Are Still A Ways Off From Having To Sort Out Where Neutral Rate Is; Says We Have Time And Runway To Figure Out Where The Settling Point On The Fed Policy Rate Is

Barclays analyst Andrew Lazar maintains Lamb Weston Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) with a Overweight and raises the price target from $70 to $74.

Barclays Maintains Overweight on Lamb Weston Hldgs, Raises Price Target to $74

WIIM

Morgan Stanley shares are trading higher after HSBC upgraded the stock from Hold to Buy and announced a $118 price target.

Successful Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) trading is not about being <a href="https://www.benzinga.com/money/bitcoin-price-prediction">bullish or bearish</a>, but rather about understanding the probabilities of market movements, according to a prominent crypto trader.
What Happened: Pseudonymous trader CJ outlined in a detailed social media <a href="https://x.com/CJ900X/status/1841951466589978928">post</a> that he anticipates Q4 to be largely bullish, despite the current downward trend. 
The trader pointed out that the market is simply navigating a dip before an expected upside break, saying, "Forget bullish/bearish. Think in terms of probabilities."
He identified the July range as a bullish range but noted that the market was consolidating below a set of equal highs on the premium side of the range.
In July, Bitcoin prices hovered around the $68,000 mark and for a majority portion of the trade remained at higher levels.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41172369/bitcoin-not-a-safe-haven-but-rising-trump-odds-could-fuel-a-rally-standard-chartered">Bitcoin &#8216;Not A Safe Haven&#8217; But Rising Trump Odds Could Fuel A Rally: Standard Chartered</a>
Why It Matters: CJ's analysis provides a nuanced view of the Bitcoin market. He predicts a potential reversal zone at $65,000-$67,700 and suggests that the market could be much higher by November or December 2024. However, he also warned of a possible sell-off, with no real sign of strength at present.
"I'm thinking $56,000-$57,000 as a decent area to look for longs, but at the same time $49,000 isn't off the table," he stated. CJ believes that the market condition will definitively shift once it reclaims $70,000, but a good near-term start would be at $64,000.
He concluded by summarizing his current bias: for the higher time frame he expects an upside to a new all-time high by the end of the year, a downside to $56,000-$57,000 (maybe $49,000) in the medium term, and an upside from $60,000 to $62,500 in the short term.
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41166146/would-bitcoin-drop-if-a-war-in-the-middle-east-breaks-out-yes-but-theres-a-catch">Would Bitcoin Drop If A War In The Middle East Breaks Out? Yes, But There&#8217;s A Catch</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

How To Successfully Trade Bitcoin's 'Bullish' Q4: 'Think In Terms Of Probabilities,' Trader Says

Barclays analyst Brandt Montour maintains DraftKings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) with a Overweight and raises the price target from $43 to $45.

DKNG

Barclays Maintains Overweight on DraftKings, Raises Price Target to $45

CVS Health shares are trading higher after TD Cowen upgraded the stock from Hold to Buy and raised its price target from $59 to $85.

Fed's Goolsbee Says There Are Some Signs Inflation Might Undershoot Target; Says We Need To Try To Maintain Conditions Like They Are Today

Multi-state cannabis operator Verano Holdings Corp. (Cboe CA: VRNO) (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/VRNOF#OTCQX">VRNOF</a>) will release financial results for the third quarter ended Sept. 30, 2024, before the market opens on Thursday, Nov. 7, 2024.
A conference call and webcast with analysts and investors is scheduled for the same day at 8:30 am ET to discuss the results and answer investor and participant questions, Chicago-based Verano said in a press release.
Verano's <a href="https://www.benzinga.com/markets/cannabis/24/08/40218413/verano-holdings-q2-222m-revenue-in-line-qoq-net-loss-widens-to-22m-ahead-of-cannabist-co-acquisi">second quarter financial results</a> for the period ended June 30, 2024, revealed a 5% revenue drop year-over-year and a 0.5% sequential increase to $222 million.
The recent earnings announcement came on the heels of the company&#8217;s announcement <a href="https://www.benzinga.com/markets/cannabis/24/07/40025687/105m-deal-verano-to-acquire-cannabist-co-s-operations-in-virginia-and-arizona">to acquire assets</a> from The Cannabist Company Holdings Inc. (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CBSTF#OTCQX">CBSTF</a>) (FSE: 3LP).
The $105 million acquisition, strategic to expanding its national footprint was <a href="https://www.benzinga.com/markets/cannabis/24/08/40508637/cannabis-co-verano-completes-105m-acquisition-of-arizona-virginia-operations-from-leading-us-ope">wrapped up in August</a>, included one of Cannabist&#8217;s Virginia licenses, along with all operations in Arizona.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04094847/ccc-oct-24-banner__1_-9.gif" alt="" class="wp-image-580820" /></a></figure>
George Archos, Verano&#8217;s chairman and CEO, <a href="https://www.benzinga.com/markets/cannabis/24/07/40025687/105m-deal-verano-to-acquire-cannabist-co-s-operations-in-virginia-and-arizona">said the opportunity</a> "greatly increases Verano&#8217;s growth trajectory as we gain access to the coveted market of Virginia ahead of an adult use program and deepens our footprint in Arizona."
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/08/40520756/arizona-cannabis-market-faces-decline-in-sales-though-valuations-remain-strong">Arizona Cannabis Market Faces Decline In Sales Though Valuations Remain Strong</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
In August, Verano partnered with Mike Tyson&#8216;s TYSON 2.0 to bring the brand's products to Florida and Illinois markets.
Verano&#8217;s state-of-the-art cultivation facilities and dispensaries – MÜV in Florida and Zen Leaf in Illinois – are expected to scale TYSON 2.0&#8217;s impact.
Tyson, co-founder and chief brand officer of TYSON 2.0, praised the collaboration with Verano.
"This partnership represents a major step forward in our mission to deliver exceptional cannabis experiences to a wider audience. With Verano&#8217;s unparalleled industry knowledge and resources, we are in a position to make a significant impact in Florida and Illinois,&#8221; Tyson said.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/06/39362472/can-cannabis-bring-retail-back-to-life-verano-curaleaf-newlake-capital-bet-big-on-local-new-jers">Can Cannabis &#8216;Bring Retail Back To Life&#8217;? Verano, Curaleaf, NewLake Capital Bet Big On Local New Jersey Market</a></li>
</ul>
<h3 class="wp-block-heading">VRNOF Price Action</h3>
Verano's shares traded 1.66% lower at $3.383 per share at the time of writing on Friday.

Cannabis

THE CANNABIST CO HLDG by THE CANNABIST COMPANY HOLDINGS INC.

CBSTF

VRNOF

Chicago Cannabis Giant Verano To Report Quarterly Financial Results Post Major Acquisition

Barclays analyst Gena Wang maintains Biomarin Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) with a Overweight and lowers the price target from $110 to $86.

BMRN

Barclays Maintains Overweight on Biomarin Pharmaceutical, Lowers Price Target to $86

JMP Securities analyst Constantine Davides reiterates AMN Healthcare Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMN#NYSE">AMN</a>) with a Market Outperform and maintains $66 price target.

Reiteration

JMP Securities Reiterates Market Outperform on AMN Healthcare Services, Maintains $66 Price Target

Fed's Goolsbee Says But Let's Not Lose Sight Of The Longer Trend; A Large Majority Of Fed Policymakers Feel Rates Are Going To Come Down A Lot Over Next Year-18 Months; Says You Got To Be Careful Keeping Rates As Restrictive As They Are

Top Stock Ideas Sent Daily — Join and Gain Your Edge

Top Stock Ideas Sent Daily — Join and Gain Your Edge

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