Latest news for Fluidra (OTC:FLDAY) Stock

Fluidra SA is engaged in the business of pool and wellness and Irrigation, Industrial, and Others. The company is responsible for manufacturing and distributing all the components required for the construction, renovation, improvement, and maintenance of residential and commercial pools. Also, in some southern European countries, the company supplements its core pool and wellness business with irrigation and landscaping accessories for gardens that are often adjacent to pools The Business Divisions of the company are EMEA, North America, and APAC.

Fluidra SA

<a href="https://www.uber.com/newsroom/enso/" title="https://www.uber.com/newsroom/enso/">https://www.uber.com/newsroom/enso/</a>

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UBER

Uber Technologies Launched Strategic Partnership With Enso To Roll Out Their Range-extending And Low-Emission EV Tires Across UK And USA

BTIG analyst Ryan Zimmerman maintains Zimmer Biomet Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZBH#NYSE">ZBH</a>) with a Buy and lowers the price target from $134 to $126.

Price Target

Analyst Ratings

BTIG Maintains Buy on Zimmer Biomet Holdings, Lowers Price Target to $126

Goldman Sachs analyst Alexander Blostein maintains BlackRock Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) with a Buy and raises the price target from $960 to $1040.

Goldman Sachs Maintains Buy on BlackRock Finance, Raises Price Target to $1040

The U.S. oil and gas exploration and production industry has faced headwinds related to falling natural gas prices and political uncertainty so far in 2024. Cash from operations across three dozen leading U.S. firms fell in real terms from the first quarter of 2023 to the first quarter of this year due to lower gas prices. The November election is also likely to play a significant role in shaping the industry&#39;s future.
At the same time, production cuts by OPEC+ have supported increased crude oil production among some U.S. firms, with companies like Antero Resources Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ar#NYSE">AR</a>) and Pembina Pipeline Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pba#NYSE">PBA</a>) benefiting from the shift. One area that has not experienced a wholesale production increase, though, is the Permian Basin of the southwestern U.S. West Texas&#39; Waha hub experienced negative trading for much of the summer, prompting some producers in the area to curtail production.
Permian Resources Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pr#NYSE">PR</a>) shares have slid by more than 22% in the last six months. Over the last year, the company&#39;s stock has significantly underperformed competitors like Antero and Pembina.
Nonetheless, Permian Resources has a history of cost management, successful M&amp;A activity, and strong earnings performance that may entice investors interested in buying while share prices are low.
<h2>Permian Resources: Keeping Costs Down, Earning Efficiently</h2>
Operating an oil and gas production company is costly, but Permian Resources does a good job of reducing these expenses whenever possible. Its total costs are below the industry average, thanks in part to its low lease operating expenses (LOE; the costs of maintaining a well after the initial expenses of drilling and completion) of $5.18 per barrel of oil equivalent (BOE).
Overall, the company reduced total controllable cash costs by 8% quarter-over-quarter for the most recent quarterly period&nbsp;to $7.45 per BOE. Permian is also finding ways to reduce costs on new drilling projects, which are down 13% relative to last year.
At the same time, total production increased by 6% from the first quarter of the year to the second. By bringing production up and minimizing costs, Permian Resources has contributed meaningfully to free cash flow growth. In the second quarter, the company generated $332 million in adjusted free cash flow, or $0.43 per share. Adjusted free cash flow per share is up an impressive 60% since the first quarter of 2023.
<h2>Permian&#39;s Strong M&amp;A Activity</h2>
In mid-September, Permian completed the acquisition of various leasehold and royalty interests, including midstream infrastructure, from Occidental Petroleum Corp.&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oxy#NYSE">OXY</a>). This acquisition increased Permian&#39;s resource base by nearly 30,000 acres adjacent to its prior assets in Texas. The new interest is expected to generate roughly 15,000 BOE per day.
This acquisition is just the latest in a longer series of deals that analysts have viewed positively. Permian has successfully targeted key royalty and land interests for expansion, keeping costs down in the process.
<h2>Earnings Growth Potential</h2>
Permian has topped analyst expectations for earnings per share for each of the last three quarters. Analysts are optimistic about the potential for future growth as well: Permian enjoys a projected earnings growth rate of nearly 16%.
Fast-growing earnings have allowed Permian to boost its dividend to $0.15 from $0.06 in September and to initiate a $1-billion share buyback program. Permian executives have assured investors that the dividend is sustainable for more than two years, regardless of the price of oil at that time.
<h2>Permian Stock&#39;s Upside Opportunity</h2>
Given these factors, it&#39;s little surprise that analysts largely believe Permian Resources has the potential to reverse its recent downward trend and reclaim much of its lost share value. The average price target for PR shares is $19.20, representing upside potential of about 39%. Still, the unpredictability of the U.S. political climate going forward and the trajectory of oil prices may mean that investors will have to wait to realize this opportunity. Permian&#39;s stable history and impressive operations make it a good candidate for buy-and-hold investors interested in waiting for more favorable external conditions.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/opportunity-knocks-buy-the-dip-on-permian-resources-stock/">Opportunity Knocks: Buy the Dip on Permian Resources Stock?</a>&quot; first appeared on MarketBeat.

Earnings

Large Cap

Mid Cap

Dividends

Buybacks

Markets

Trading Ideas

Opportunity Knocks: Buy the Dip on Permian Resources Stock?

Bruker Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/brkr#NASDAQ">BRKR</a>) growth is backed by strong sales within its X-Ray and Nano Analytics businesses. Within the PCI division, expanding customer demand for pre-clinical MRI systems is highly encouraging. Meanwhile, the impact of macroeconomic pressure and currency fluctuation is likely to hurt the company&#39;s operational results.
In the past year, this Zacks Rank #3 (Hold) company&#39;s shares have gained 10.4% compared with the industry&#39;s 27.5% growth and the S&amp;P 500 composite&#39;s 34.9% gain.
This renowned medical device company has a market capitalization of $11.77 billion. It has a 2025 earnings growth rate of 17.6%, which is much higher than the industry&#39;s 13.8% growth rate. BRKR&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 10.1%.
Let&#39;s delve deeper.
<h2>Bruker&#39;s Key Upsides</h2>
Bright Prospects Within Nano Business Segment:&nbsp;The segment caters to a large set of customers, such as academic institutions, governmental customers, nanotechnology companies, semiconductor companies, raw material manufacturers, industrial companies, biotechnology and pharmaceutical companies and other businesses that are involved in materials research and life science research analysis. The business is seeing robust revenue growth across its end markets, including academic, government, industrial and semiconductor metrology.&nbsp;
During the first half of 2024, the company&#39;s advanced X-Ray and Nano Analytics businesses delivered strong sales, backed by Nano&#39;s robust revenue growth. Nano&#39;s strong growth is driven by the rising demand in academic and government markets. The Nanostring acquisition is expected to be both strategically and financially beneficial, promising a high return on investment for Bruker.
The Potential of Preclinical Imaging (PCI) Market: Per Grand View Research, the global PCI market was valued at $4.30 billion in 2023 and is likely to witness a CAGR of 4.6% up to 2030. Therefore, this translates into a golden opportunity for Bruker to expand its foothold in the PCI market and earn higher profits from this division.
Bruker offers advanced PCI solutions for a broad spectrum of application fields. Moreover, this division is experiencing increasing customer demand for higher-strength pre-clinical magnetic resonance imaging systems. Earlier this year, Bruker filled a critical gap in its PCI portfolio with the acquisition of Spectral Instruments Imaging LLC, a leader in preclinical in-vivo optical imaging systems.
<h2>Bruker&#39;s Key Downsides</h2>
Unfavorable Currency Movement: Bruker generates a substantial portion of its revenues in the international markets, primarily in Germany and other countries in the European Union, Switzerland and Japan.&nbsp; As a result, currency fluctuations continue to result in foreign currency transaction losses for the company. In addition, currency fluctuations are likely to cause the price of Bruker&#39;s products to be less competitive than its principal competitors&#39; offerings.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/6e/80173.jpg?v=35874249" />
Image Source: Zacks Investment Research
Macroeconomic Factors:&nbsp;Present global economic challenges and uncertainties have made it harder for Bruker to manage operations and predict financial outcomes. Geopolitical conditions are impacting its operational results. In addition, supply-chain risks also persist. All these issues are leading to higher costs and expenditures for the company, impacting its profitability.
In the second quarter, Bruker&#39;s cost of revenues increased 21.6% from the same period in 2023. SG&amp;A expenses surged 24.4%.
<h2>BRKR&#39;s Estimate Trend</h2>
The Zacks Consensus Estimate for Bruker&#39;s 2024 earnings per share remained unchanged at $2.61 for the past 30 days.
The consensus estimate for the company&#39;s 2024 revenues is pegged at $3.41 billion, indicating a 14.9% rise from the year-ago &nbsp;number.
<h2>Key Picks</h2>
Some better-ranked stocks in the broader medical space are&nbsp;TransMedix Group&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tmdx#NASDAQ">TMDX</a>),&nbsp;AxoGen (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/axgn#NASDAQ">AXGN</a>) and Phibro Animal Health (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pahc#NASDAQ">PAHC</a>).
TransMedix Group&#39;s earnings are expected to surge 255.8% in 2024. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 287.5%. Shares of the company have risen 173.5% in the past year compared with the industry&#39;s 22.4% growth. TMDX sports a Zacks Rank #1 (Strong Buy) at present.
AxoGen, carrying a Zacks Rank #2 (Buy) at present, has an earning yield of 94.1% compared with the industry&#39;s 12.3%. Shares of the company have risen 194.6% compared with the industry&#39;s 22.3% growth over the past year.&nbsp;AXGN&#39;s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 96.46%.
Phibro, carrying a Zacks Rank of 2 at present, has an estimated earnings growth rate of 21% for fiscal 2025 compared with the industry&#39;s 12.6%. In the past year, shares of PAHC have risen 72.7% compared with the industry&#39;s 25.2% growth. PAHC delivered a trailing four-quarter average earnings surprise of 4.10%.
<a href="https://www.zacks.com/stock/news/2345297/here-s-why-you-should-retain-brkr-stock-in-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2345297">To read this article on Zacks.com click here.</a>

Earnings Beats

Macro Economic Events

Offerings

Small Cap

Economics

AXGN

BRKR

PAHC

TMDX

Here's Why You Should Retain BRKR Stock in Your Portfolio Now

Goldman Sachs analyst Alexander Blostein maintains Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) with a Sell and lowers the price target from $40 to $39.5.

APAM

Goldman Sachs Maintains Sell on Artisan Partners Asset, Lowers Price Target to $39.5

Data on the U.S. labor market could signal how aggressive the Federal Reserve will be when deciding if they should cut interest rates in November, after already announcing a rate cut of <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">50 basis points in September.</a>
The Bureau of Labor Statistics is set to release the official September jobs report on Friday at 8:30 a.m. ET.
September Jobs Report Estimates: Economists<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41148891/jobs-report-in-focus-will-slower-growth-push-the-fed-toward-november-interest-rate-"> predict a decline</a> in the monthly new nonfarm payrolls from 142,000 in August to 140,000 in September, according to Trading Economics.
The unemployment rate is <a href="https://tradingeconomics.com/">expected </a>to hold steady at 4.2%.
A<a href="https://www.benzinga.com/news/econ-s/24/10/41139919/private-sector-job-gains-outpace-forecasts-in-september-as-us-adds-143-000-jobs"> private sector payroll data </a>report earlier this week showed 143,000 jobs added for the month of September. The report showed 42,000 goods-producing jobs added and 101,000 service-producing jobs added. The 143,000 private sector jobs added were up from 99,000 in August.
Read Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40928301/interest-rates-in-free-fall-what-it-means-for-mortgages-credit-cards-and-your-wallet-a">Interest Rates In Free-Fall: What It Means For Mortgages, Credit Cards And Your Wallet As The Federal Reserve Springs Into Action For First Time In 4 Years</a>
What Experts are Saying: Recent reports, like the ISM Survey, that show economic growth and increased price pressures could lead to an argument for more gradual interest rate cuts, Comerica Bank Chief Economist Bill Adams said.
"The Fed will be glad to see signs that lower rates are quickly passing through to private sector activity," Adams said.
Adams said the Federal Reserve is still "balancing the risk" of inflation rising again with soft job markets.
The economist predicts that hiring will rebound in 2025 in industries like housing, manufacturing and consumer goods due to the interest rate cycle.
"The September job report is too early to see that rebound start, though."
Adams forecasts 150,000 nonfarm payroll jobs added in September and an unemployment rate of 4.2%.
"But even with modest job growth last month, it's getting hard to call this economy anything but a soft landing."
The impact of Hurricane Helene, Boeing workers striking and doc workers striking could also lead to fluctuations in monthly economic data, Adams added. &nbsp;
LPL Financial Chief Economist Jeffrey Roach said employment demand is slowing in the manufacturing sector due to hiring freezes.
"We should expect a soft employment report this Friday with fewer hirings and a slightly higher unemployment rate. The Fed will likely cut by a quarter point at each of the remaining meetings this year, unless we see unexpected deteriorating conditions," Roach said. &nbsp;
He added that the jobs report won't likely change the odds of a 25-basis-point cut in November, and also might not have a big impact on the stock market.
"Investors are already primed for a weak payroll number so unless we get an outlier, market reaction could be muted."
What's Next: Markets are anticipating another Fed interest rate cut in November. The CME FedWatch tool shows a 67.1% probability of a 25-basis-point rate cut in November, with a 32.95% probability of a 50-basis-point cut predicted.
If the nonfarm payrolls are weaker than expected, the case for a 50-basis-point rate cut in November could increase. If the nonfarm payrolls are better than expected, the case for a 25-basis-point rate cut would likely increase.
Federal Reserve Chairman Jerome Powell highlighted that several reports like the jobs report would come out ahead of the November Federal Open Market Committee (FOMC) meeting and <a href="https://www.benzinga.com/news/24/09/41102248/stocks-slip-as-powell-says-future-interest-rate-cuts-hinge-on-data-economy-is-in-solid-shape-we-inte">would be used to determine</a> additional interest rate cuts.
SPY Price Action: Ahead of the nonfarm payroll jobs report, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) is trading at $568.58 Thursday, nearly flat on the day. The ETF has traded between $409.22 and $574.71 over the last 52 weeks and is up 20.0% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41161358/us-manufacturing-contracts-in-september-raising-questions-about-feds-next-move-on-interest-rate-cuts">US Manufacturing Contracts In September, Raising Questions About Fed&#8217;s Next Move On Interest Rate Cuts</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Previews

Econ #s

Federal Reserve

Jobs Report Preview: Could September Labor Data Shift Fed's Interest Rate Path?

Ethereum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) price drop woke up a formerly active whale wallet, which bought a significant sum despite the asset&#8217;s <a href="https://www.benzinga.com/money/ethereum-eth-price-predictions">poor recent performance</a>.
What Happened: On-chain analytics platform Spot On Chain revealed that the elusive &#8220;7 Siblings&#8221; wallet made a significant purchase of Ethereum during the recent market dip. The whale, known for their substantial assets of $2.2 billion, reportedly <a href="https://x.com/spotonchain/status/1841780217335185688">bought</a> 28,120 ETH, equivalent to $66 million.
This isn&#8217;t the first time the entity has capitalized on a market dip. On Aug. 5, during a market crash (from $2,686 to $2,336 in three days), the &#8220;7 Siblings&#8221; spent $129.3 million to acquire 56,093 ETH at an average price of $2,305 within a duration of 12.5 hours.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41085550/ethereum-staking-yields-set-to-eclipse-us-rates-amidst-bullish-crypto-market-analysts-powe">Ethereum Staking Yields Set To Eclipse US Rates Amidst Bullish Crypto Market: Analysts — Powerful Narrative For A Price Boost?</a>
Why It Matters: The "7 Siblings" have been known for their strategic investments in the cryptocurrency market. Their recent purchase of Ethereum during the market dip signifies their confidence in the altcoin's future potential.
Despite a price drop, crypto traders predict new all-time highs for Ethereum at some point.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The bottom range before the new ATH, bookmark it.<a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> <a href="https://t.co/QpuWwVKgFE">pic.twitter.com/QpuWwVKgFE</a>
&mdash; Poseidon (@CryptoPoseidonn) <a href="https://twitter.com/CryptoPoseidonn/status/1841831866120470549?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Trader Altcoin Sherpa <a href="https://x.com/AltcoinSherpa/status/1841855847032324524">said</a> that December-March is usually a very strong time for crypto and Ethereum is usually a good indicator of the market. 
What&#8217;s Next: The influence of <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Ethereum as an institutional asset class</a> is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41080488/from-market-bottom-to-moon-how-bitcoin-ethereum-and-dogecoin-skyrocketed-since-2020">From Market Bottom To Moon: How Bitcoin, Ethereum And Dogecoin Skyrocketed Since 2020</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$ETH

Ethereum Whale Acquires $66M In ETH Despite 10% Slide In 7 Days: What Is Going On?

Goldman Sachs analyst Alexander Blostein maintains AllianceBernstein Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AB#NYSE">AB</a>) with a Buy and raises the price target from $40.75 to $41.

Goldman Sachs Maintains Buy on AllianceBernstein Holding, Raises Price Target to $41

Michigan's cannabis market is experiencing a major transformation, with <a href="https://www.benzinga.com/markets/cannabis/24/09/40831750/cannabis-sales-in-michigan-soar-to-295-4m-for-a-recording-breaking-august">retail sales surging</a> while flower prices continue to drop. As MJBizDaily <a href="https://mjbizdaily.com/michigan-marijuana-sales-boom-fuled-by-low-flower-prices/">reported</a>, since the start of adult-use sales in December 2019, the average retail price for an ounce of marijuana flower has plummeted by more than 80%, creating an ultra-competitive environment.
In August 2024, an ounce of flower cost $80.14, a staggering 84.5% drop from the $516.21 price tag in December 2019, <a href="https://www.michigan.gov/cra/-/media/Project/Websites/cra/Agency-Reports/Statistical-Reports/monthly-report/August-2024-Monthly-Report.pdf?rev=b8a2bde465924d4287977dfaa0228cc0&amp;hash=6EA36B7D8A91317F6F38D800BE985727">according</a> to Michigan's Cannabis Regulatory Agency (CRA). Despite the sharp price decline, the market has witnessed exponential growth. Monthly sales have skyrocketed, rising from 450 pounds sold for $1.7 million in December 2019 to 100,894 pounds for $129.4 million in August 2024.
<h3 class="wp-block-heading">Market Overrun With Licenses</h3>
This surge in sales comes amid a significant increase in cultivation licenses, which could account for driving prices down. Since May 2020, cultivation licenses in Michigan have increased by 964%, from 273 to 2,904. By comparison, Illinois saw a more measured rise, with licenses increasing by only 176% in the same period.
Ron Gibori, CEO of Michigan-based Six Labs, attributed the price compression to the state&#8217;s decision not to limit licenses. &#8220;Michigan is an unlimited-license state,&#8221; he said. &#8220;It's economics: Supply will outpace demand.&#8221;
Nate Reid, senior vice president of commercial strategy at Cresco Labs (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTC">CRLBF</a>), echoed this sentiment. &#8220;Everyone is so cash-focused and wants to move through their inventory; the only solution is to move prices down,&#8221; he told MJBizDaily.
<h3 class="wp-block-heading">Bulk Sales Drive Retail Competition</h3>
Adding to the competitive environment, Michigan allows retailers to buy and sell flower in bulk, further driving prices lower. Aric Klar, CEO of Quality Roots, noted that distressed outdoor growers are offloading bulk flower at rock-bottom prices, as low as $12 to $15 per ounce. "Outdoor growers are so distressed that retailers are buying pounds for $200-$300," Klar said, explaining that some outdoor farms are producing 20,000 to 30,000 pounds of marijuana annually. &#8220;I don't know anybody — even Pablo Escobar — who can sell that much product in a year.&#8221;
Klar also highlighted that <a href="https://www.benzinga.com/markets/cannabis/22/01/25055680/michigan-cannabis-company-high-life-farms-launches-popcorn-buds-pre-packaged-flower">pre-packaged flower</a>, which accounts for half of Michigan's sales, is not recorded in the CRA's monthly reports, per the outlet. "Those brands that have identity … those products are staying pretty stable," Klar added, pointing out that established brands are weathering the price drops better than lesser-known competitors.
<h3 class="wp-block-heading">Effect On Brands</h3>
Some cannabis brands, like Dragonfly, are finding ways to thrive in this low-price environment. Dragonfly's non-infused pre-rolls, for example, sell for just $1 each. Founder Ching Ho noted that efficiency is becoming more important as the market matures. &#8220;As the market matures, efficiency will matter more and more, and consumers will discover there's no quality difference between a pre-roll you're paying 3X for versus ours,&#8221; Ho said.
This shift toward affordability, combined with Michigan's <a href="https://www.benzinga.com/markets/cannabis/23/12/36417962/michigan-leads-u-s-in-cannabis-will-it-continue-in-2024-given-high-sales-low-prices-big-scandals">favorable market conditions</a>, is helping Michigan&#8217;s cannabis industry rival even <a href="https://www.benzinga.com/topic/california-cannabis">California's</a>, the world's largest regulated market.
<h3 class="wp-block-heading">A National Trend?</h3>
Michigan is not the only state experiencing price compression. Cannabis operators in <a href="https://www.benzinga.com/markets/cannabis/24/01/36497266/record-breaking-year-for-new-mexicos-cannabis-industry-37m-in-december-sales-500m-in-2023">New Mexico</a> and <a href="https://www.benzinga.com/markets/cannabis/24/08/40176980/state-by-state-price-of-weed-across-the-u-s-in-august-2024">other states</a> have faced similar challenges due to an oversupply of licenses. "We have seen this happen across four or five markets," said Matt Hutchinson, chief product officer for <a href="https://www.benzinga.com/topic/leaflink">LeafLink</a>. "As more cultivation comes on, it starts to level out to where it should be."
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Cannabis

Psychedelics

Retail Sales

CRLBF

Michigan Cannabis Market Hits Record Sales Amid Low Weed Prices And Rise In Cultivation Licenses

Investors with a lot of money to spend have taken a bullish stance on Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with TGT, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 22 uncommon options trades for Target.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 31%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $476,058, and 15 are calls, for a total amount of $700,143.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $170.0 for Target over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Target options trades today is 993.93 with a total volume of 4,430.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Target's big money trades within a strike price range of $120.0 to $170.0 over the last 30 days.
<h3>Target Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727974071_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>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$15.4</td>
<td>$15.4</td>
<td>$15.4</td>
<td>$150.00</td>
<td>$152.4K</td>
<td>404</td>
<td style="text-align: right;">140</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$24.5</td>
<td>$24.05</td>
<td>$24.5</td>
<td>$150.00</td>
<td>$122.5K</td>
<td>69</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$10.4</td>
<td>$10.15</td>
<td>$10.4</td>
<td>$140.00</td>
<td>$102.9K</td>
<td>2.0K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>TGT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.75</td>
<td>$7.55</td>
<td>$7.6</td>
<td>$170.00</td>
<td>$75.2K</td>
<td>1.1K</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>TGT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$7.05</td>
<td>$6.85</td>
<td>$6.95</td>
<td>$130.00</td>
<td>$68.8K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Target</h3>
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
After a thorough review of the options trading surrounding Target, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Target Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,941,101, with TGT's price down by -1.02%, positioned at $148.87.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 48 days.</li>
</ul>
<h3>Expert Opinions on Target</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $187.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Melius Research lowers its rating to Buy with a new price target of $180. 
&#x2A; An analyst from Telsey Advisory Group has decided to maintain their Outperform rating on Target, which currently sits at a price target of $195. 
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 Target options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

What the Options Market Tells Us About Target

Whales with a lot of money to spend have taken a noticeably bearish stance on Ford Motor.
Looking at options history for Ford Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 22% of the investors opened trades with bullish expectations and 66% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $480,773 and 5, calls, for a total amount of $226,835.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $9.0 to $12.0 for Ford Motor over the last 3 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 Ford Motor's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Ford Motor's substantial trades, within a strike price spectrum from $9.0 to $12.0 over the preceding 30 days.
<h3>Ford Motor Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727974066_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>F</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$0.49</td>
<td>$0.45</td>
<td>$0.48</td>
<td>$9.00</td>
<td>$194.5K</td>
<td>24.5K</td>
<td>4.0K</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$0.49</td>
<td>$0.47</td>
<td>$0.48</td>
<td>$9.00</td>
<td>$131.4K</td>
<td>24.5K</td>
<td>7.7K</td>
</tr>
<tr>
<td>F</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$0.48</td>
<td>$0.45</td>
<td>$0.48</td>
<td>$9.00</td>
<td>$108.8K</td>
<td>24.5K</td>
<td>10.0K</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.46</td>
<td>$0.45</td>
<td>$0.45</td>
<td>$11.00</td>
<td>$70.1K</td>
<td>25.7K</td>
<td>1.7K</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$0.85</td>
<td>$0.82</td>
<td>$0.82</td>
<td>$10.00</td>
<td>$62.4K</td>
<td>2.8K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h3>About Ford Motor</h3>
Ford Motor Co. manufactures automobiles under its Ford and Lincoln brands. In March 2022, the company announced that it will run its combustion engine business, Ford Blue, and its BEV business, Ford Model e, as separate businesses but still all under Ford Motor. The company has nearly 13% market share in the United States, about 11% share in the U.K., and under 2% share in China including unconsolidated affiliates. Sales in the U.S. made up about 66% of 2023 total company revenue. Ford has about 177,000 employees, including about 59,000 UAW employees, and is based in Dearborn, Michigan.
In light of the recent options history for Ford Motor, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Ford Motor</h3>
<ul>
<li>With a trading volume of 18,698,356, the price of F is down by -0.9%, reaching $10.39.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 21 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Ford Motor</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $12.2.
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; An analyst from Goldman Sachs upgraded its action to Buy with a price target of $13. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Underweight rating on Ford Motor, which currently sits at a price target of $9. 
&#x2A; Consistent in their evaluation, an analyst from Morgan Stanley keeps a Overweight rating on Ford Motor with a target price of $16. 
&#x2A; An analyst from Deutsche Bank downgraded its action to Hold with a price target of $11. 
&#x2A; An analyst from Morgan Stanley downgraded its action to Equal-Weight with a price target of $12. 
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 Ford Motor with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Decoding Ford Motor's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bearish approach towards Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</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 DIS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Walt Disney. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 5 are puts, totaling $502,724, and 15 are calls, amounting to $855,609.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $85.0 to $140.0 for Walt Disney during the past quarter. 
<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 Walt Disney's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Walt Disney's significant trades, within a strike price range of $85.0 to $140.0, over the past month.
<h3>Walt Disney Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727974061_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>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$7.3</td>
<td>$7.1</td>
<td>$7.25</td>
<td>$90.00</td>
<td>$147.9K</td>
<td>334</td>
<td style="text-align: right;">226</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$9.55</td>
<td>$9.4</td>
<td>$9.5</td>
<td>$95.00</td>
<td>$134.9K</td>
<td>1.2K</td>
<td style="text-align: right;">315</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$7.25</td>
<td>$7.2</td>
<td>$7.2</td>
<td>$105.00</td>
<td>$120.2K</td>
<td>551</td>
<td style="text-align: right;">369</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.65</td>
<td>$2.15</td>
<td>$2.15</td>
<td>$140.00</td>
<td>$99.1K</td>
<td>3.7K</td>
<td style="text-align: right;">39</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.34</td>
<td>$1.29</td>
<td>$1.32</td>
<td>$85.00</td>
<td>$99.0K</td>
<td>8.1K</td>
<td style="text-align: right;">763</td>
</tr>
</tbody>
</table>

<h3>About Walt Disney</h3>
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.
After a thorough review of the options trading surrounding Walt Disney, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Walt Disney</h3>
<ul>
<li>Currently trading with a volume of 2,770,648, the DIS's price is down by -0.14%, now at $94.02. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 42 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options 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 Walt Disney options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Walt Disney Options Trading: A Deep Dive into Market Sentiment

Benchmark analyst Subash Chandra maintains Diamondback Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FANG#NASDAQ">FANG</a>) with a Buy and raises the price target from $154 to $195.

FANG

Benchmark Maintains Buy on Diamondback Energy, Raises Price Target to $195

Taylor from Pennsylvania had a unique problem most of us wouldn't mind facing – she recently won $800,000 on a game show! But <a href="https://www.benzinga.com/personal-finance/24/06/39254579/mark-cubans-advice-for-lotto-winners-cash-or-annuity">with a big win comes big decisions</a> and she called into <a href="https://www.benzinga.com/personal-finance/24/09/40972049/dave-ramsey-tells-29-year-old-1m-in-debt-and-spending-like-shes-in-congress-im-getting-ready-to-">Dave Ramsey's show</a> to get some guidance.
The call was posted on The Ramsey Show Highlights YouTube channel under the title &#8220;We Won $1,600,000 On A Game Show And Now There's Family Drama!&#8221;&nbsp;
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<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
</ul>
"We'll be getting about $475,000 after taxes," she said, highlighting how much Uncle Sam took. "Almost half!" Dave exclaimed, clearly irritated at how much the government swipes from game show winners. "God bless the USA," he added sarcastically.
Taylor's first concern? Family expectations. She went on the game show with her grandmother, who had been the one to apply for the show in the first place. The two split the $1,600,000 prize, each getting $800,000 before taxes.&nbsp;
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>
But now, Taylor explained, her mom was making her feel like her cousins deserved a piece of the pie. "I think my mom feels like they should get something because my cousin was the one who signed Grandma up," Taylor explained. The cousin had done all the legwork to get Grandma on the show, but since Taylor was the one who got picked to compete, the pressure fell on her. She also pointed out that any of the grandkids could have been chosen but because she was closest, grandma picked her.&nbsp;
Taylor added that her mom felt she would be "set for life" after such a large winning, but Ramsey immediately set the record straight –$475,000 was hardly enough to deem one set for life. Sure, it's a lot of money, but certainly <a href="https://www.benzinga.com/personal-finance/24/07/39606127/if-you-dont-have-at-least-10-million-dont-retire-early-suze-orman-warns-itll-be-the-biggest-mist">not enough to last a lifetime</a>.&nbsp;
Trending: Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a>
Dave, as always, didn't sugarcoat his response. "Your cousin didn't win the money, you did. Your grandmother got her share and if she wants to give something to the cousin, she can. But you're not morally obligated to share your winnings with anyone."
Taylor's second concern was about buying a house. With $475,000 in the bank, she and her family were ready to upgrade from their current home, valued at around $150,000. They'd been eyeing a $320,000 house and Taylor wanted to know if that was a smart move. "Should we go for it?" she asked.
Trending: 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>
Dave's advice? Simple: Pay cash and stay debt-free. "You're in an amazing position to pay for the house outright," he said. "You'll be 100% debt-free and that's huge. If you want to give your family a little something afterward, that's fine. Maybe five grand here or there. But don't feel guilty about not handing out big chunks of your winnings."
The call ended with Taylor feeling more confident in her next steps. As Dave pointed out, winning money doesn't come with an obligation to spread it around. Family guilt can be tough, but <a href="https://www.benzinga.com/money/smartasset">financial security is even tougher to beat</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
<li>Beating the market through ethical real estate investing' — t<a href="https://www.benzinga.com/money/invest-with-roots">his platform aims to give tenants equity in the homes they live in while scoring 17.17% average annual returns for investors – here&#8217;s how to join with just $100</a></li>
</ul>

Personal Finance

Woman Calls Dave Ramsey After Winning $1,600,000 With Her Grandma – Now It's Causing Family Drama: 'My Mom Thinks My Cousins Deserve A Share'

Roblox Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) shares are moving lower Thursday after&nbsp;The Bear Cave&nbsp;released another bearish report, alleging the video game company is <a href="https://www.benzinga.com/general/gaming/23/08/33896713/roblox-shares-sink-on-short-report-saying-gaming-company-has-facilitated-more-child-abuse-than-any">&#8220;facilitating widespread child abuse.&#8221;</a>
What To Know: Short-selling firm The Bear Cave has published a new report targeting Roblox for the <a href="https://www.benzinga.com/general/gaming/23/08/33896713/roblox-shares-sink-on-short-report-saying-gaming-company-has-facilitated-more-child-abuse-than-any">fourth time</a> since 2022.
The report once again focuses on serious allegations around child abuse across the United States including alleged production of child pornography, child kidnappings and physical abuse.
&#8220;In addition, The Bear Cave believes Roblox has potentially played a role in mass shooting events and may be used by foreign actors to spread antisemitism and terrorism,&#8221; the short seller said in a report published Thursday morning.
Benzinga contacted Roblox for comment on the report.
Following the initial report from the Bear Cave in 2022, Roblox issued a statement to Benzinga that called the short report misleading and false.
"Since the day we were founded, we have always built a safety-first culture with industry-leading features and functionality designed to ensure our platform provides a safe and civil space for our community,&#8221; a spokesperson for Roblox told Benzinga in 2022.
"We have zero tolerance for inappropriate content and behavior in our social spaces. In an effort to eliminate unsafe content, we review every single image, audio file and video before it is published."
Check This Out: <a href="https://www.benzinga.com/general/gaming/24/10/41152217/grand-theft-auto-6-leak-sparks-fan-frenzy-on-x-but-elon-musk-wont-be-joining-the-hype">Grand Theft Auto 6 Leak Sparks Fan Frenzy On X, But Elon Musk Won&#8217;t Be Joining The Hype</a>
The Bear Cave highlighted several news reports from recent years that suggest predators have used Roblox to abuse &#8220;hundreds&#8221; of children. The short seller noted that reported cases are just the &#8220;tip of the iceberg,&#8221; suggesting many child abuse cases related to Roblox go undetected by authorities and media. 
The Bear Cave also shared screenshots from videos posted by independent vigilante journalists who conduct sting operations to catch child predators. One video focuses on a Roblox game developer who talks about private communities on Roblox where it&#8217;s &#8220;relatively common&#8221; for people to pursue age gap relationships 
&#8220;The Bear Cave is also equally disturbed by antisemitic and terroristic content on Roblox, ranging from school shooting games to Holocaust reenactments, some of which may be created by foreign actors,&#8221; the short seller said.
The Bear Cave said a Roblox user uploaded a realistic school shooting game to the site. It was reportedly removed before being uploaded a year later and removed again.
The short seller also alleged that the perpetrator of a real-world shooting in a Tops Supermarket in 2022 claimed to have tied his interest in guns to playing Roblox.
The Bear Cave also alleged that Roblox has antisemitism problems on its platform and alleged that Roblox &#8220;appears to have allowed Holocaust reenactment games&#8221; to be uploaded as recently as 2022. The Bear Cave further alleges that a recently unsealed indictment against Syrian national Mohammad Amr Alhashemi showed that he used Discord and Guilded to recruit children.
&#8220;Roblox would also later acquire Guilded in 2021 and was not directly mentioned in the indictment,&#8221; the short seller said.
RBLX Price Action: Roblox shares were down 2.04% at $42.51 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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</ul>
<ul>
<li><a href="https://www.benzinga.com/general/gaming/23/08/33896713/roblox-shares-sink-on-short-report-saying-gaming-company-has-facilitated-more-child-abuse-than-any">Roblox Shares Sink On Short Report Saying Gaming Company &#8216;Has Facilitated More Child Abuse Than Any Public Company In History&#8217;</a></li>
</ul>
Photo: Shutterstock.

Short Sellers

Movers

Tech

RBLX

Short Seller Alleges Roblox Facilitated 'Widespread' Child Abuse, 'Potentially Played A Role' In Mass Shootings

Piper Sandler analyst Jessica Tassan downgrades Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) from Overweight to Neutral and lowers the price target from $392 to $274.

Downgrades

Piper Sandler Downgrades Humana to Neutral, Lowers Price Target to $274

Carnival Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) shares are trading lower by 2.46% to $17.28 during Thursday&#8217;s session. Shares of travel and hotel-related stocks are trading lower amid heightening <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149223/markets-turn-risk-off-as-israel-iran-clash-investors-rightly-fearful-of-oil-disrupt">geopolitical tensions</a> after Iran this week launched a missile attack on Israel, which could impact global travel demand.
Carnival stock is volatile this week after the company reported <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41122225/carnival-posts-strong-q3-earnings-analysts-suspect-some-conservatism-built-into-q4-">third-quarter earnings</a>. The aftermath of <a href="https://www.benzinga.com/news/24/10/41126631/hurricane-helene-devastation-the-latest-on-damage-companies-affected">Hurricane Helene</a> has also impacted areas in the southeastern U.S., including Florida, a major hub for Carnival&#8217;s operations.
Ports in the region could be closed or inaccessible due to storm damage, causing delays, cancellations or rerouting of cruises. This could directly affect revenues and increase costs for managing these changes.
Consumer Behavior and Demand: The destruction and aftermath of a hurricane often cause a dip in consumer spending on discretionary items like vacations. Potential customers from affected regions may delay or cancel travel plans. Additionally, travelers may hesitate to book cruises during hurricane season due to future storm concerns.
What Happened: Carnival stock has dropped this week following escalating tensions in the Middle East after Iran launched a major missile strike on Israel, marking one of the largest attacks in Israeli history. The geopolitical crisis has triggered heightened concerns over global stability, oil price volatility and its potential impact on the travel and leisure sector.
The United Nations Security Council convened an emergency session Wednesday to discuss the escalating violence between Israel, Lebanon, and Iran, which threatens to spiral into a broader regional conflict.
Read Also: <a href="https://www.benzinga.com/general/education/24/10/41166723/how-many-evs-has-tesla-delivered-produced-each-quarter-a-look-at-the-results-since-2019">How Many EVs Has Tesla Delivered, Produced Each Quarter? A Look At The Results Since 2019</a>
Israeli officials reported that hundreds of missiles were fired, with most intercepted by defense systems; ground operations against Hezbollah militants in Lebanon resulted in casualties on both sides. As markets react to this crisis, stocks across various sectors feel the shockwaves, including Carnival.
What Else: Carnival, one of the world's largest cruise operators, is highly sensitive to fluctuations in oil prices, which are spiking in response to the turmoil. The company&#8217;s fleet of over 90 ships heavily relies on fuel, making it vulnerable to rising energy costs.
Following the missile attack, oil prices surged as investors braced for potential disruptions to Middle East oil supplies. A prolonged conflict could drive higher fuel prices, severely impacting Carnival's operating costs and profit margins. Any sustained increase in oil prices may raise Carnival's expenses, thus squeezing profit margins and eroding investor confidence.
Additionally, geopolitical uncertainty tends to have a dampening effect on global travel demand. With the possibility of a wider war in the Middle East, coupled with increasing fears of terrorism and instability, consumer sentiment towards international travel may wane. 
Read Also: <a href="https://www.benzinga.com/news/24/10/41165162/china-stocks-are-cooling-off-thursday-whats-going-on">China Stocks Are Cooling Off Thursday: What&#8217;s Going On?</a>
<h2 class="wp-block-heading">Is CCL A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/CCL">Carnival</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/CCL">Carnival</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, CCL has a 52-week high of $19.74 and a 52-week low of $10.84.

What's Going On With Carnival Stock?

Uranium stocks have been surging thanks to the Constellation Energy Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ceg#NASDAQ">CEG</a>) and Microsoft Co.&nbsp;deal for the largest power-purchasing deal in history. The large hyperscalers are committed to sustainable and clean energy solutions to power their data centers. The electricity will be supplied by restarting the Three Mile Island Unit 1 nuclear reactor pending regulatory approval by the United States Nuclear Regulatory Commission (NRC). Uranium is required to power this and other nuclear reactors, which is why uranium stocks in the oils and energy sector have been rising sharply.
Here are two more uranium stocks that are gaining from the movement to fuel nuclear power plants.
<h2>Uranium Royalty Gains Access Without the Risk of Mining and Processing </h2>
While Uranium Royalty Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/uroy#NASDAQ">UROY</a>) doesn&#39;t produce nor intends to produce uranium, it believes itself to be a pure-play uranium company. The word &#39;royalty&#39; in its name doesn&#39;t refer to monarchs or bloodlines but to royalty payments it receives from its portfolio of geographically diversified uranium assets. They basically make money off of partially owning uranium assets by collecting royalty payments without having to bear the capital expenditure (CAPEX) and risk that comes from operating a mining company.
<h3>A Portfolio of Royalty-Bearing Uranium Assets</h3>
Uranium Corp.&#39;s portfolio of 22 uranium assets for which it has minor and royalty interests. The interests range in project stage from exploration like the Rio Tinto Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>) owned Russell Lake project for which it can receive a 1.9766% of the net smelter return (MSR) to the 2% to 4% gross value return royalty (GVR) of the Energy Fuels Inc. (AMEX:UUUU) owned Whirlwind project to the 10% to 20% net profits interest (NPI) royalty from the Cigar Lake/Waterbury project operated by Cameco Co. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ccj#NYSE">CCJ</a>). The stock can be considered a mini-ETF of tiny stakes in uranium assets. Uranium Royalty also owns 2.8 million pounds of physical uranium. The company is still in the process of generating revenue.
<h2>Denison Mines&#39; Wheeler River Project: A Uranium Powerhouse in the Making</h2>
Denison Mines (AMEX:DNN) is a speculative uranium exploration and development company based in Toronto, Canada. It holds a 95% interest in its flagship Wheeler River Project, located in Saskatchewan&#39;s Athabasca Basin. The project spans roughly 300,000 hectares and includes the Gryphon and Phoenix deposits.
<h3>The Phoenix Deposit</h3>
While the Wheeler River Project isn&#39;t yet producing uranium, the Phoenix deposit is currently undergoing the permitting process for In-Situ Recovery (ISR). The Phoenix deposit has a 10-year mining life with probable resources of $56.7 million tons of U3O8 uranium. Approval is expected in 2025. The all-in-sustaining cost (AISC) is around $16.00 per pound, with $318.10 million in initial costs, making it extremely lucrative at current uranium spot prices above $80 per pound.
<h3>The Gryphon Deposit</h3>
The Gryphon deposit is several years behind Phoenix in development, with a mine life of 6.5 years and 49.7 million pounds of probable uranium resources. Its AISC is $25.47, but initial capital costs are higher, estimated at $564.2 million.
<h3>Denison&#39;s Uranium Inventory and Revenue Generating Interests</h3>
While Denison doesn&#39;t yet produce uranium, it owns 2.2 million pounds of it that it purchased for $29.60 per pound in 2021, worth around $178 million. It also generates revenue from its 22.5% stake in McClean Lake, which has a licensed mill for an annual production capacity of 24 million pounds. Dennison collects revenues from the toll milling. The mill processes ore from the Cigar Lake mine, where Cameco Corp operates.
Denison generated $964,000 in Q2 2024 with an EPS loss of 1 cent, matching consensus estimates. Incidentally, Denison is debt-free and has working capital and investments valued at nearly 70% of its market cap. This prompted BMO to upgrade its rating to Outperform from Market Perform with a $2.22 price target. CIBC started coverage on Denison with a Sector Outperform rating. MarketBeat has seven analyst Buy ratings with an average consensus price target of $2.93 and a high target of $3.25.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/2-uranium-stocks-fueling-growth-from-the-nuclear-power-surge/">2 Uranium Stocks Fueling Growth From the Nuclear Power Surge</a>&quot; first appeared on MarketBeat.

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2 Uranium Stocks Fueling Growth From the Nuclear Power Surge

NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares are climbing Thursday. On Wednesday, CEO Jensen Huang confirmed the company's highly anticipated Blackwell <a href="https://www.benzinga.com/news/24/10/41156900/nvidia-ceo-jensen-huang-says-demand-for-next-gen-blackwell-gpu-platform-insane-everyone-wants-to-hav">chips are in full production</a>. 
The Details:
Huang appeared on CNBC's Closing Bell Overtime on Wednesday and said Nvidia's Blackwell chips are in production and in high-demand.&nbsp;
"Blackwell is in full production, Blackwell is as planned, and the demand for Blackwell is insane," the Nvidia CEO said. "Everyone wants to have the most, and everyone wants to be first."
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Blackwell chips, which were introduced in March, are expected to begin shipping in the fourth quarter. Huang said previously that demand for the new chips is so great that it is causing <a href="https://www.benzinga.com/news/large-cap/24/09/40820349/nvidia-ceo-jensen-huang-admits-its-tense-as-surging-demand-for-blackwell-chips-sparks-customer-fru">some tension</a> and frustration among Nvidia's customers. 
Analysts predict <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41149666/nvidias-blackwell-gpu-sets-new-ai-benchmark-with-over-100-system-configurations-ana">intense demand</a> for Blackwell chips will produce strong fourth-quarter revenue for the company, and Beth Kindig at I/O Fund sees the potential of the chip driving Nvidia to a $10 trillion valuation. 
Nvidia's stock is outpacing the markets on Thursday and trading above its 50-day moving average of $115.79, according to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.
<h3 class="wp-block-heading">NVDA Stock Prediction 2024:</h3>
NVIDIA&#8217;s revenue growth in FY23 was 0.22%, reflecting the influence of various factors including the macroeconomic environment, demand for its products and services, and its position relative to competitors. This growth is a critical indicator for investors assessing the company&#8217;s future prospects.
Some macro factors that could impact the company's performance in the next year include higher interest rates, progress on reeling in inflation and labor market strength. The Fed's benchmark rate is currently at 4.83%, while PPI recently came in at 0.2%, growing 1.7% from last year. The unemployment rate was most recently reported as 4.2%.
An investor should pay attention to economic conditions to decide whether they think the macro environment is positive or negative for NVIDIA stock. For real time economic data and breaking market updates, <a href="https://pro.benzinga.com/">check out Benzinga Pro. Try it for free</a>.
How does this stack up against NVIDIA's peers?
Investors may also want to analyze a stock in comparison to companies with similar products or in similar industries. NVIDIA operates in the Information Technology sector. The stock has experienced average annual growth of 83.79% compared to the 9.48% average of its peer companies. This is above the broader sector movement of NVIDIA.
NVDA Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Nvidia shares are up 3.43% at $122.93 at the time of publication Thursday.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41122476/whats-going-on-with-microstrategy-stock">What&#8217;s Going On With MicroStrategy Stock?</a></li>
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