Five Below Stock (NASDAQ:FIVE), Trade Ideas

Five Below

Five Below Inc is a specialty value retailer offering merchandise targeted at the tween and teen demographic. The Company's edited assortment of products includes select brands and licensed merchandise.

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Shopify To Rally Around 12%? Here Are 10 Top Analyst Forecasts For Wednesday

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Shares of  FactSet Research Systems Inc. (NYSE: FDS) fell sharply during Thursday’s session after the company reported worse-than-expected second-quarter revenue and issued FY24 guidance.

Why FactSet Research Shares Are Trading Lower By Around 5%? Here Are Other Stocks Moving In Thursday&#39;s Mid-Day Session

earnings

Earnings

The company reported quarterly earnings of $3.65 per share, up from $3.07 per share from the same period last year. Quarterly revenue clocked in at $1.34 billion, up from $1.12 billion year-over-year. Five Below sees first-quarter earnings of between 58 cents and 69 cents per share and revenue in the range of $826 million to $846 million, based on opening approximately 55 to 60 new stores and assuming an approximate flat to 2% increase in comparable sales.

Why Five Below Stock Is Down After Q4 Results

Five Below Inc

Five Point Holdings, LLC Class A Common Shares

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Five Star Bancorp

Five9 Inc

Fiverr International Ltd. Ordinary Shares, no par value

Fiverr International Ltd

<a href="https://insideevs.com/news/717612/hertz-ev-sales-2024/">https://insideevs.com/news/717612/hertz-ev-sales-2024/</a>
The whole plan, it must be said, had the best of intentions.
American rental car giant Hertz saw the way the car market was going and decided to invest in building the largest electric vehicle rental fleet in North America back in 2021. That meant hundreds of thousands of EVs from Tesla, General Motors, Kia, Polestar, Volvo and more. It even got <a href="https://newsroom.hertz.com/news-releases/news-release-details/hertz-invests-largest-electric-vehicle-rental-fleet-and-partners">Tom Brady involved</a> in the whole thing.&nbsp;
Unfortunately, a complicated confluence of events—including rapid-fire EV price cuts in 2023 that led to massive depreciation and higher repair costs—<a href="https://insideevs.com/news/704275/hertz-ice-tesla-2024/">have led to nothing but headaches for Hertz</a>. The company has endured massive losses, said goodbye to the CEO behind the move and has since spent the past few months <a href="https://insideevs.com/news/705435/hertz-tesla-buying-used-inspection/">offloading those EVs at fire-sale prices</a>.&nbsp;
This week, the company announced that it's not even done. Hertz's <a href="https://newsroom.hertz.com/news-releases/news-release-details/hertz-reports-first-quarter-2024-results">first-quarter financial statement</a> reveals that the company is increasing the amount of EVs it plans to sell privately this year by 10,000 units, aiming for a goal of 30,000 EVs sold in 2024. And it also admitted how much it's been stung by depreciation.&nbsp;
"The company incurred a&nbsp;$195 million&nbsp;charge to vehicle depreciation to write down the&nbsp;EVs held for sale which were remaining in inventory at quarter-end to fair value and recognize the disposition losses on EVs sold in the period," Hertz officials said. It added that depreciation costs are up $339 per vehicle now, and that "of the&nbsp;$339&nbsp;per unit increase,&nbsp;$119&nbsp;was related to EVs held for sale."&nbsp;
&nbsp;
When you look at the situation on paper, Hertz's retreat from its aggressive EV makes financial sense. Post-pandemic travel is still going strong and so is the rental car business, even with increased competition from rideshare companies like Uber and Lyft or even Turo. Hertz's own Q1 revenue&nbsp;was&nbsp;$2.1 billion, up 2% from 2023. But thanks in large part to huge depreciation costs—almost a third of which it blames on EVs—Hertz's adjusted&nbsp;earnings before interest, taxes, depreciation, and amortization still amounted to $567 million in quarterly losses. In other words, ouch.&nbsp;
Hertz's EV woes have often been depicted as a sign of trouble for the electric segment, or that vast swaths of mainstream consumers aren't "ready" to move away from gasoline entirely. (To be fair, Hertz's own electric rental experience <a href="https://www.theatlantic.com/technology/archive/2023/06/electric-vehicle-rental-cars-hertz-chargers/674429/">leaves a lot to be desired</a>—something I experienced myself recently, and will write about here on InsideEVs soon.) But that's an oversimplification of a few market forces at work here.
First and foremost, last year's round of constant EV price cuts and discounts, led by Tesla, have had a profound impact on the value of cars. That includes private owners, but for companies like Hertz that drive significant revenue from a constant churn of cars in and out of the fleets, it was a major roadblock. And then you had other problems, like <a href="https://www.bloomberg.com/news/features/2024-04-03/hertz-htz-selling-electric-cars-ends-its-failed-tesla-bet">higher repair costs after mishaps from customers not used to electric acceleration</a> and trouble sourcing parts from companies like Tesla and Polestar.&nbsp;
Still, it's important to know that Hertz's losses can be your gain. The company has a dedicated portal to search for the EVs it has for sale, and many of them can be had for extremely reasonable prices and relatively low miles. We're talking 2023 Chevrolet Bolt EVs and EUVs for under $20,000, Kia EV6s for under $30,000, over 100 Mercedes EQBs for sale under or around $40,000, and still probably the cheapest Tesla Model 3s you can find anywhere.&nbsp;
One owner of the investment firm that runs Hertz recently told <a href="https://www.bloomberg.com/news/features/2024-04-03/hertz-htz-selling-electric-cars-ends-its-failed-tesla-bet">Bloomberg</a>, "My strong suspicion is that in the not-too-distant future, we'll have figured all this stuff out." It's hard to fathom the idea that more widespread EV rentals won't somehow be the future. Until then, if you're looking for a not-expensive way to break up with gasoline, consider repatriating a retired rental car.&nbsp;

Asset Sales

'Hertz To Sell Off Even More EVs As Depreciation Losses Mount' - InsideEVs

LyondellBasell Industries N.V.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) reported first-quarter fiscal 2024 revenues of $9.925 billion, down from $10.25 billion a year ago,&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38454764/lyondellbasell-reports-first-quarter-2024-earnings" rel="noreferrer noopener">beating the consensus of $9.73 billion.</a>
Adjusted EBITDA stood at $1.06 billion (-26.8% Y/Y), and the margin contracted by 346 bps to 10.7%.
Adjusted EPS stood at $1.53, down from $2.50 a year ago,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of $1.37.</a>
The company mentioned that lower natural gas costs in North America boosted olefins and polyolefins margins, with improved polyethylene demand, though volumes&nbsp;faced downtime. In Europe, Red Sea logistics issues limited imports, enhancing local olefins and polyolefins output.&nbsp;
Globally, weak durable goods demand pressured polypropylene and propylene oxide volumes and margins.
LyondellBasell cash used in operating activities for the quarter totaled $(114) million, compared to cash provided of $482 million a year ago. The company returned $408 million in dividends to shareholders.
LYB stated that&nbsp;the use of&nbsp;cash by operating activities during the quarter was due to a build-in working capital driven by expected seasonality and higher volumes and prices in several businesses.
LYB's cash and liquid investment balance was $2.33 billion as of March 31, 2024, and total liquidity stood at $6.48 billion.
The company reported cash provided by operating activities over the last 12 months&nbsp;of&nbsp;$4.3 billion, resulting in 93% cash conversion.
Outlook:&nbsp;LyondellBasell expects seasonal demand improvements across most businesses in the second quarter.
LYB expects to operate its assets in line with market demand, with average operating rates of 85% for global olefins and polyolefins assets and 80% for the Intermediates &amp; Derivatives assets.&nbsp;
Price Action: LYB shares traded higher by 1.53% at $101.21 at the last check Friday.
Photo via Shutterstock

Equities

Guidance

LyondellBasell Reports Mixed Q1 Performance Amid Global Market Shifts, Hopes On Seasonal Demand Improvements

WIIM

AutoNation shares are trading higher after the company reported mixed Q1 financial results.

Avantor Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) reported first-quarter net sales of $1.68 billion, a decrease of 5.6% year-over-year, almost in line with the consensus of $1.68 billion.
Foreign currency translation had a favorable impact of 0.7%, resulting in a sales decline of 6.3%&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38454084/avantor-reports-first-quarter-2024-results" rel="noreferrer noopener">on an organic basis</a>.
Adjusted EBITDA was&nbsp;$283 million, down from $346.2 million a year ago, and&nbsp;adjusted&nbsp;EBITDA margin was 16.8%. Adjusted operating income was&nbsp;$258.4 million, down $323.1 million a year ago, and adjusted operating income margin was 15.4%.
The company reported an adjusted EPS of $0.22, down 29 cents a year ago, beating the consensus of 20 cents.
Operating cash flow was&nbsp;$141.6 million, while free cash flow was&nbsp;$106.9 million. Adjusted net leverage was 4.0x as of&nbsp;March 31, 2024.
Laboratory Solutions net sales were&nbsp;$1.12 billion, down 3.8%. Sales declined 4.5% on an organic basis.
Bioscience Production net sales were $523 million, down 9.5%. Sales declined 10% on an organic basis.
Guidance:&nbsp;Avantor reiterates 2024 revenue guidance of $6.85 billion-$7.06 billion&nbsp;compared to the consensus of $6.96 billion.
The company forecasts 2024 adjusted EPS of 96 cents to $1.04 versus a consensus of $1.01.
William Blair notes that Bioscience Production outperformed expectations, while Laboratory Solutions fell slightly short due to equipment and instrumentation weaknesses.&nbsp;
The analyst writes that Avantor&#8217;s guidance is conservative and achievable, particularly after these results.&nbsp;
The upcoming call is expected to concentrate on the sequential progress for the rest of the year, the ramp-up of&nbsp;$75 million&nbsp;in cost savings, performance across customer segments, and metrics like inventory depletion and&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/23/12/36149206/biotechnology-company-avantor-aligns-business-segments-eyes-cost-savings" rel="noreferrer noopener">normalized order activity</a>.&nbsp;
William Blair values Avantor stock at 18 times their 2024 adjusted EBITDA estimate and <a href="https://www.benzinga.com/quote/AVTR/analyst-ratings">rates it as Market Perform</a>.
Price Action: AVTR shares are down 3.7% at $24.20 at the last check Friday.
Image: <a href="https://www.benzinga.com/general/macro-notification/24/04/38458581/feds-key-inflation-indicator-hits-2-8-dashes-rate-cut-hopes-traders-on-alert">Fed&#8217;s Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert</a>

Analyst Color

Health Care

General

AVTR

Avantor's Conservative Guidance Is Realistic Post Q1 Earnings Performance: Analyst

Oil States International shares are trading lower after the company reported worse-than-expected Q1 financial results.

Financial giants have made a conspicuous bullish move on Lululemon Athletica. Our analysis of options history for Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $127,489, and 5 were calls, valued at $275,390.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $330.0 to $400.0 for Lululemon Athletica over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Lululemon Athletica options trades today is 1198.57 with a total volume of 312.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lululemon Athletica's big money trades within a strike price range of $330.0 to $400.0 over the last 30 days.
<h3>Lululemon Athletica Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714142800_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>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$8.75</td>
<td>$8.45</td>
<td>$8.75</td>
<td>$400.00</td>
<td>$87.5K</td>
<td>2.4K</td>
<td style="text-align: right;">23</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$7.35</td>
<td>$7.0</td>
<td>$7.0</td>
<td>$362.50</td>
<td>$58.1K</td>
<td>342</td>
<td style="text-align: right;">28</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$20.8</td>
<td>$20.65</td>
<td>$20.65</td>
<td>$400.00</td>
<td>$53.6K</td>
<td>665</td>
<td style="text-align: right;">26</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$6.9</td>
<td>$6.55</td>
<td>$6.65</td>
<td>$330.00</td>
<td>$53.2K</td>
<td>2.6K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$50.0</td>
<td>$49.1</td>
<td>$49.6</td>
<td>$330.00</td>
<td>$49.6K</td>
<td>163</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Lululemon Athletica</h3>
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
In light of the recent options history for Lululemon Athletica, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Lululemon Athletica</h3>
<ul>
<li>Currently trading with a volume of 259,910, the LULU's price is up by 1.66%, now at $365.97. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 34 days.</li>
</ul>
<h3>Professional Analyst Ratings for Lululemon Athletica</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $415.0.
<ul>
<li>An analyst from Jefferies persists with their Underperform rating on Lululemon Athletica, maintaining a target price of $240. </li>
<li>An analyst from Piper Sandler persists with their Overweight rating on Lululemon Athletica, maintaining a target price of $470. </li>
<li>Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Lululemon Athletica, targeting a price of $505. </li>
<li>Reflecting concerns, an analyst from Oppenheimer lowers its rating to Outperform with a new price target of $445.</li>
</ul>
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 Lululemon Athletica with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

LULU

Smart Money Is Betting Big In LULU Options

Investors with a lot of money to spend have taken a bullish stance on GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>).
And retail traders should know.
We noticed this today when the positions 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 GE, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for GE Aero.
This isn't normal.
The overall sentiment of these big-money traders is split between 33% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $90,245, and 8, calls, for a total amount of $487,769.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $148.0 to $160.0 for GE Aero over the last 3 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 GE Aero's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across GE Aero's significant trades, within a strike price range of $148.0 to $160.0, over the past month.
<h3>GE Aero Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714142795_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$13.9</td>
<td>$13.4</td>
<td>$13.41</td>
<td>$150.00</td>
<td>$134.0K</td>
<td>13.2K</td>
<td>219</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$14.7</td>
<td>$13.15</td>
<td>$14.43</td>
<td>$160.00</td>
<td>$120.6K</td>
<td>1.1K</td>
<td>0</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$0.47</td>
<td>$0.45</td>
<td>$0.45</td>
<td>$148.00</td>
<td>$90.2K</td>
<td>1.8K</td>
<td>2.0K</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/03/24</td>
<td>$4.1</td>
<td>$4.05</td>
<td>$4.1</td>
<td>$160.00</td>
<td>$62.3K</td>
<td>2.2K</td>
<td>267</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$14.65</td>
<td>$13.45</td>
<td>$14.1</td>
<td>$155.00</td>
<td>$42.3K</td>
<td>377</td>
<td>19</td>
</tr>
</tbody>
</table>

<h3>About GE Aero</h3>
GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.
Following our analysis of the options activities associated with GE Aero, we pivot to a closer look at the company's own performance.
<h3>Where Is GE Aero Standing Right Now?</h3>
<ul>
<li>With a volume of 1,226,684, the price of GE is up 0.01% at $161.28. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 88 days.</li>
</ul>
<h3>Professional Analyst Ratings for GE Aero</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $174.8.
<ul>
<li>Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on GE Aero with a target price of $211. </li>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for GE Aero, targeting a price of $180. </li>
<li>Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on GE Aero with a target price of $160. </li>
<li>An analyst from JP Morgan persists with their Overweight rating on GE Aero, maintaining a target price of $148. </li>
<li>Consistent in their evaluation, an analyst from RBC Capital keeps a Outperform rating on GE Aero with a target price of $175. </li>
</ul>
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 GE Aero, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Check Out What Whales Are Doing With GE Aero

Deep-pocketed investors have adopted a bullish approach towards Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</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 NFLX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for Netflix. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 36% leaning bullish and 36% bearish. Among these notable options, 6 are puts, totaling $431,148, and 13 are calls, amounting to $544,308.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $270.0 and $645.0 for Netflix, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Netflix's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Netflix's substantial trades, within a strike price spectrum from $270.0 to $645.0 over the preceding 30 days.
<h3>Netflix Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714142790_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NFLX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$92.2</td>
<td>$87.2</td>
<td>$87.2</td>
<td>$645.00</td>
<td>$261.6K</td>
<td>30</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$110.85</td>
<td>$107.45</td>
<td>$108.94</td>
<td>$540.00</td>
<td>$76.2K</td>
<td>49</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$34.85</td>
<td>$34.3</td>
<td>$34.3</td>
<td>$600.00</td>
<td>$68.6K</td>
<td>1.4K</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$3.25</td>
<td>$3.0</td>
<td>$3.0</td>
<td>$580.00</td>
<td>$60.0K</td>
<td>1.2K</td>
<td style="text-align: right;">215</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$111.55</td>
<td>$108.0</td>
<td>$109.49</td>
<td>$540.00</td>
<td>$54.7K</td>
<td>49</td>
<td style="text-align: right;">47</td>
</tr>
</tbody>
</table>

<h3>About Netflix</h3>
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with almost 250 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
After a thorough review of the options trading surrounding Netflix, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Netflix</h3>
<ul>
<li>With a volume of 1,132,806, the price of NFLX is down -1.7% at $555.22. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 82 days.</li>
</ul>
<h3>Expert Opinions on Netflix</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $680.2.
<ul>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Netflix, which currently sits at a price target of $650. </li>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Netflix, targeting a price of $700. </li>
<li>Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Netflix, targeting a price of $725. </li>
<li>An analyst from Bernstein has decided to maintain their Market Perform rating on Netflix, which currently sits at a price target of $600. </li>
<li>Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Netflix with a target price of $726. </li>
</ul>
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 Netflix options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

NFLX

Netflix Options Trading: A Deep Dive into Market Sentiment

Wedbush analyst Matt Bryson reiterates Western Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>) with a Outperform and maintains $85 price target.

Reiteration

Wedbush Reiterates Outperform on Western Digital, Maintains $85 Price Target

U.S. stocks were higher, with the Dow Jones jumping over 150 points on Friday.
Shares of Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) rose sharply during Friday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/24/04/38460429/why-are-skechers-shares-soaring-today">first-quarter FY24 earnings</a>.
Skechers reported first-quarter FY24 sales growth of 12.5% year-on-year to $2.251 billion, beating the analyst consensus estimate of $2.204 billion. EPS of $1.33 beat the analyst consensus of $1.10, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Skechers raised FY24 sales outlook from $8.60 billion-$8.80 billion to $8.725 billion-$8.875 billion, against an estimate of $8.781 billion. The company also raised FY24 EPS outlook from $3.65-$3.85 to $3.95-4.10 versus an estimate of $3.90.
Skechers U.S.A. shares climbed 16% to $68.20 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Universal Logistics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULH#NASDAQ">ULH</a>) shares jumped 45.2% to $47.76 after the company reported better-than-expected first-quarter financial results.</li>
<li>Exponent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPO#NASDAQ">EXPO</a>) shares gained 28.5% to $102.41 after the company reported better-than-expected first-quarter financial results.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) rose 23% to $14.02 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company reported a year-over-year increase in quarterly daily active users.</li>
<li>Tutor Perini Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>) climbed 22.2% to $16.98 after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance.</li>
<li>U.S. Silica Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLCA#NYSE">SLCA</a>) rose 20% to $15.67 after the company reported first-quarter financial results and entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) shares jumped 19.5% to $23.03.</li>
<li>ATRenew Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NASDAQ">RERE</a>) gained 18.9% to $1.9150. ATRenew announced appointment of new director.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) rose 17.5% to $13.39.</li>
<li>AppFolio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) gained 16% to $251.22 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) rose 15% to $7.97 after the company reported better than expected first-quarter earnings and issued guidance.</li>
<li>ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) shares gained 13.7% to $208.63 after the company reported better-than-expected third-quarter financial results.</li>
<li>Rogers Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROG#NYSE">ROG</a>) rose 12.7% to $123.46 after the company beat first-quarter EPS and sales estimates.</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) gained 12.5% to $9.78.</li>
<li>Sonic Automotive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAH#NYSE">SAH</a>) surged 12.2% to $63.60. B of A Securities analyst John Murphy upgraded Sonic Automotive from Underperform to Buy and raised the price target from $55 to $68.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) gained 10.6% to $172.52 the company posted upbeat results for its first quarter. Alphabet's board authorized an additional share repurchase program of up to $70 billion and also announced its first-ever quarterly dividend.</li>
<li>KB Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KB#NYSE">KB</a>) gained 10% to $55.17 following quarterly results.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) climbed 9.9% to $8.22.</li>
<li>Redfin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) gained 9.8% to $5.69.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) rose 9.2% to $7.73.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) rose 8.8% to $18.80 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $20 to $27.</li>
<li>AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) gained 8.6% to $174.20 following second-quarter results.</li>
<li>Minerals Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTX#NYSE">MTX</a>) gained 7.9% to $76.73 following upbeat earnings.</li>
<li>SkyWest, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) surged 7.4% to $78.55 after the company reported better-than-expected quarterly financial results.</li>
<li>Geron Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) rose 6.6% to $3.7950. Geron is expected to release its first quarter 2024 financial results on Thursday, May 2.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) surged 6.6% to $839.70.</li>
<li>Carlisle Companies Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>) rose 5.5% to $403.08 after the company reported better-than-expected quarterly financial results.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) gained 5.1% to $1.45.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38456583/around-1m-bet-on-biohaven-check-out-these-4-stocks-insiders-are-buying">Around $1M Bet On Biohaven? Check Out These 4 Stocks Insiders Are Buying</a>

APPF

CGEM

EXPO

GERN

GOOG

GOOGL

KTOS

OUST

PACB

RDFN

RERE

SKYW

SLCA

SMCI

SNAP

XPEV

Skechers Reports Upbeat Earnings, Joins Tutor Perini, AppFolio, Newell Brands And Other Big Stocks Moving Higher On Friday

Minerals Technologies shares are trading higher after the company reported better-than-expected Q1 adjusted EPS but missed sales estimates.

Minerals Technologies shares are trading higher after the company reported mixed Q1 financial results.

Ladenburg Thalmann analyst Paul Fremont initiates coverage on Spire (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SR#NYSE">SR</a>) with a Neutral rating and announces Price Target of $57.5.

Initiation

Ladenburg Thalmann Initiates Coverage On Spire with Neutral Rating, Announces Price Target of $57.5

Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) signed a contract with Samsung Electronics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>) to supply HBM3E (5th generation high bandwidth memory) valued at approximately $3 billion (4 trillion won for its new data center chip, the MI350. 
Samsung Electronics&nbsp;has agreed to provide AMD with 12-layer HBM3E DRAM, slated for mass production in the&nbsp;year&#8217;s first half. Samsung started supplying samples to customers in February.&nbsp;The&nbsp;deal is worth about $3 billion (KRW 4.134 trillion), Viva 100&nbsp;<a href="https://www.viva100.com/main/view.php?key=20240423010007552" target="_blank" rel="noreferrer noopener">reports</a>.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38254546/micron-dominates-high-bandwidth-memory-market-anticipates-significant-revenue-growt" rel="noreferrer noopener">Micron Dominates High-Bandwidth Memory Market, Anticipates Significant Revenue Growth: Analyst</a>
In exchange, Samsung Electronics will purchase AMD graphics processing units (GPUs).
The supply will likely start in the second half of the year, aligning with AMD&#8217;s plans to begin mass production of chips then. AMD, initially planning to release the MI350 in the second half of this year and start mass production next year, has moved the release to the second quarter.
Trend Force reports that the MI350&#8217;s bandwidth has increased by over 30% compared to its predecessor, the MI300. Although AMD&#8217;s chips have&nbsp;been recognized&nbsp;as having greater capacity than similar-class&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips, they were seen as inferior in bandwidth. To counter this, AMD has chosen to use HBM3E, specifically designed to enhance bandwidth.
This contract will likely be separate from Samsung Foundry operations.&nbsp;
Meanwhile, SK Hynix has been Nvidia&#8217;s&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/04/38089624/nvidia-to-benefit-from-sk-hynixs-new-3-9b-indiana-facility-focused-on-high-bandwidth-memory-chips" rel="noreferrer noopener">primary HBM supplier</a>&nbsp;and leads the market. In April, SK Hynix&nbsp;announced&nbsp;plans to invest&nbsp;$3.9 billion in an advanced chip-packaging facility in West Lafayette, Indiana, focusing on mass-producing&nbsp;HBM.
Recently, Nvidia CEO Jensen Huang endorsed Samsung Electronics&#8217; HBM3E, signaling a potentially more collaborative relationship in the future.
Price Actions:&nbsp;AMD shares traded higher by 0.07% at $153.86 at&nbsp;the last check Friday.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38029253/nvidia-broadcom-lead-ai-charge-bofa-analyst-tips-amd-micron-as-emerging-contenders-" rel="noreferrer noopener">Nvidia, Broadcom Lead AI Charge: BofA Analyst Tips AMD, Micron as Emerging Contenders in Explosive Market Growth</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Pierre Lecourt via Flickr

Tech

NVDA

SSNLF

AMD and Samsung Partner To Boos MI350 Chip Capabilities with Advanced Memory Tech

NVIDIA shares are trading higher. The stock may be gaining following strong earnings from Microsoft and Meta's recent capex outlook increase.

Loop Capital analyst Chris Kapsch upgrades Compass Minerals Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) from Hold to Buy and lowers the price target from $26 to $23.

Upgrades

Loop Capital Upgrades Compass Minerals Intl to Buy, Lowers Price Target to $23

Charter Communications Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>)&nbsp;reported fiscal first-quarter 2024 revenue growth of 0.2% year-on-year to $13.68 billion, missing the&nbsp;<a href="https://www.benzinga.com/pressreleases/24/04/n38455712/charter-announces-first-quarter-2024-results" target="_blank" rel="noreferrer noopener">consensus of $13.74 billion</a>.
EPS of $7.55 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $7.92</a>. The stock price dropped after the results.
Revenue growth of 1.9% in Internet, 37.8% in Mobile service, and 1.3% in Commercial aided the top line.
Charter lost 72,000 residential Internet customers, compared to 67,000 additions last year. Residential video customers decreased by 392,000 versus a decrease of 237,000 in the prior year.
Adjusted EBITDA margin expanded by 100 bps to 40.2%.&nbsp;
The quarterly free cash flow of $358 million decreased from $664 million in the prior year, primarily due to higher capital expenditures, driven mainly by Charter&#8217;s network evolution and expansion initiatives.&nbsp;
As of March 31, 2024, Charter served 30.5 million residential and SMB Internet customers.&nbsp;
Net cash flow from operating activities totaled $3.2 billion. The company held $661 million in cash and equivalents as of March 31, 2024.
Outlook: Charter Communications <a href="https://www.benzinga.com/news/earnings/24/02/36908705/why-is-charter-communications-stock-trading-lower-friday" target="_blank" rel="noreferrer noopener">reiterated a 2024</a> capex of $12.2 billion – $12.4 billion.
The&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">company&#8217;s 2024 revenue</a>&nbsp;and EPS consensus are $54.95 billion and $33.99.
Charter Communications stock lost over 19% in the past 12 months. Investors can gain exposure to the stock via&nbsp;Tidal ETF Trust God Bless America ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YALL#NYSE">YALL</a>) and&nbsp;Invesco S&amp;P 500 Equal Weight Communication Services ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSPC#NYSE">RSPC</a>).
Read Next: <a href="https://www.benzinga.com/general/macro-notification/24/04/38458581/feds-key-inflation-indicator-hits-2-8-dashes-rate-cut-hopes-traders-on-alert">Fed&#8217;s Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert</a>
CHTR Price Action:&nbsp;Charter Communications shares traded lower by 1.49% at $255.49 at publication Friday.
Photo: <a href="https://www.shutterstock.com/g/Piotr+Swat">Piotr Swat</a> via Shutterstock

Sector ETFs

CHTR

RSPC

YALL

Charter Communications Loses Residential Internet Customers In Q1, Reports Sharp Drop In Video Subscriptions

AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) reported quarterly earnings of $4.49 per share which beat the analyst consensus estimate of $4.31 by 4.18 percent. The company reported quarterly sales of $6.486 billion which missed the analyst consensus estimate of $6.499 billion by 0.20 percent. This is a 1.36 percent increase over sales of $6.399 billion the same period last year.

CORRECTION: AutoNation Q1 2024 EPS $4.49 Beats $4.31 Estimate, Sales $6.486B Miss $6.499B Estimate

Wedbush analyst Seth Basham maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Neutral and raises the price target from $235 to $270.

TSCO

Wedbush Maintains Neutral on Tractor Supply, Raises Price Target to $270

Barclays analyst Brandt Montour maintains Wyndham Hotels &amp; Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WH#NYSE">WH</a>) with a Overweight and raises the price target from $87 to $88.

Barclays Maintains Overweight on Wyndham Hotels & Resorts, Raises Price Target to $88

Shein and Temu: Disruptors of Fast-Fashion and E-Commerce

Dollar stores weighed down by 99 Cents Only bankruptcy

Wall Street Breakfast Podcast: Samsung Reportedly Secures $6B Grant For U.S. Chip Expansion

There's a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Tesla (TSLA – Research Report), Trip.com Grou...

Analysts Are Bullish on Top Consumer Cyclical Stocks: Tesla (TSLA), Trip.com Group Ltd. Sponsored ADR (TCOM)

Dollar Tree seen as the biggest beneficiary of the shutdown of 99 Cents Only

Attractive call buying opportunities for Russell 1000 stocks - JPM

U.S. election: Target and these retailers could see an outsized benefit in a GOP sweep scenario

The U.S. dollar is flexing its muscles, hitting multi-decade highs, and showing no signs of retreat. This surge is fueled by a potent cocktail of f...

A Mightier Dollar: 6 Stocks that Benefit from Booming Bucks

There's a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Potbelly (PBPB – Research Report) and Five Be...

Analysts Offer Insights on Consumer Cyclical Companies: Potbelly (PBPB) and Five Below (FIVE)

Five Below is downgraded at J.P. Morgan on consumer discretionary spending worries

ADBE

AMZN

ARHS

BABA

CHPT

COST

EBAY

ETSY

GILD

LVLU

MRVL

NCLH

OLLI

PBPB

ROST

RVLV

SOFI

TCOM

TDOC

TSLA

WOOF

Opinion

Press Releases

BetterInvesting™ Magazine Update on Five Below Inc. and The Estee Lauder Companies Inc.

Five Below: They Got the Holidays!  Hot Trends, Top Brands, Must-Have Gifts and Stocking Stuffers, All at an Amazing Value

Five Below, Inc. Announces Third Quarter Fiscal 2023 Earnings Release and Conference Call Date

Five Below, Inc. Announces Third Quarter Fiscal 2023 Financial Results

Five Below, Inc. Announces Participation in the 2024 ICR Conference

Five Below, Inc. Announces Holiday Sales Results for Quarter-To-Date Through January 6, 2024

Management

Five Below Appoints Karen Bowman to Board of Directors

Arkhouse Nominates Nine Highly Qualified, Independent Candidates for Election to Macy's Board of Directors

Five Below, Inc. Announces Fourth Quarter and Full Year Fiscal 2023 Earnings Release and Conference Call Date