First Trust Inter Dur (NYSE:FPF) Stock, Quote.Headers.trade-ideas

First Trust Inter Dur

Fidelity Preferred Securities & Income ETF

First Trust Inter Dur Pref& Income Fund is a diversified, closed-end management investment company. Its primary investment objective is to seek a high level of current income. Further, it has a secondary objective of capital appreciation. The Fund invests in the traditional preferred securities, hybrid preferred securities, floating rate & fixed-to-floating rate preferred securities, debt securities, convertible securities, and contingent convertible securities issued by U.S. and non-U.S. companies. Its investment portfolio includes industries such as Banks, Insurance, Capital Markets, Electric Utilities, Oil, Gas & Consumable Fuels, Food Products, and others.

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ABCB

ABEV

ACAM

ACBI

ACCO

ACEL

ACER

ACIW

ACLS

ACRS

ACST

ADOM

AEHR

AGRO

AIMC

AINV

AIRT

ALEX

ALGN

ALGT

ALOT

AMAL

AMKR

AMOT

AMPH

AMRB

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ANIK

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ARCC

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ARDC

ARDS

ARKR

AROW

ARPO

ASRV

ATKR

ATRS

AVAL

AVNW

AWSM

AXNX

AZUL

Stocks That Hit 52-Week Lows On Thursday

ACHC

ACRE

ADIL

ADNT

ADTN

ADUS

AFIN

AGCO

AGNC

AGYS

ALKS

ALLY

ALTM

ALYA

AMBC

AMCX

AMPY

ANAT

APLS

APTV

APTX

APWC

ARGO

ARNC

AROC

ASGN

ATAX

ATEN

ATNX

ATRA

Stocks That Hit 52-Week Lows On Wednesday

AAOI

AAON

AAWW

ABMD

ABTX

ACGL

ACNB

ACRX

ADES

ADMA

ADMS

ADPT

AERI

AFGC

AFMD

AFYA

AGLE

AIMT

AKCA

AKRX

AKTS

ALBO

ALDX

ALRM

ALRS

First Trust Intermediate Duration Preferred & Income Fund Common Shares of Beneficial Interest

First Trust Inter Dur Pref& Income Fund

Live On CNBC, Kevin Simpson Announces Bought More Freeport-McMoRan

WIIM

TSLA

Tesla shares are trading higher amid overall market strength following Wednesday's Fed rate cut.

Wall Street is in full risk-on mode following the Federal Reserve&#8217;s landmark decision to slash interest rates by 50 basis points, signaling further cuts as inflation approaches <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">the central bank&#8217;s target.</a>
The S&amp;P 500 and Dow Jones both set fresh record highs during the morning session in New York, buoyed by strong performances from the Magnificent Seven tech giants.
By midday, these elite tech stocks added over $500 billion in market value, boosting their combined market capitalization to $15.9 trillion.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) led the rally, surging nearly 7% and hitting a two-month peak, while NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) climbed 5%, driving the semiconductor sector higher.
The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) jumped 4.6%, fully erasing its losses from September.
The Nasdaq 100 rose 2.9%, on pace for its strongest session in over a month and outperforming other major indices. Small caps joined the rally, with the Russell 2000 index surging 2%.
Commodities rallied across the board: Gold, silver, and copper increased by 1.2%, 3.8%, and 1.8%, respectively. Oil prices, tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), spiked over 3%.
The bullish sentiment extended to cryptocurrencies, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rising over 2%, poised to close at its highest level since late August.
<h1 class="wp-block-heading">Thursday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices </td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,905.70</td>
<td>2.9%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,249.90</td>
<td>2.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,720.74</td>
<td>1.8%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,002.90</td>
<td>1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:25 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent091924&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 1.8% higher to $571.52.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.2% to $421.23.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rallied 2.8% to $484.99.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.9% to $223.63.</li>
<li>The Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.2%. The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 0.9%.</li>
</ul>
<h1 class="wp-block-heading">Thursday&#8217;s Stock Movers</h1>
<ul>
<li>Darden Restaurants Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) soared 9%, in response to its quarterly earnings and bullish outlook for upcoming quarters. </li>
<li>Also reacting to earnings reports was FactSet Research Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) up 5%.</li>
<li>Companies expected to report earnings after the close include FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) and Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>).</li>
</ul>
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">• Bank Stocks Hit Inflection Point After Fed&#8217;s 50 Basis Point Cut, Analyst Reveals Top Picks</a> Images was created using artificial intelligence DALL-E

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

Cryptocurrency

Large Cap

Commodities

Economics

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

Wall Street Breaks Records, Chipmakers Rally, Tesla Hits 2-Month High As Fed Cut Drives Risk-On Mode: What's Driving Markets Thursday?

On Wednesday, Hims &amp; Hers Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIMS#NYSE">HIMS</a>) launched the Service Appreciation Initiative, offering compounded GLP-1 weight loss medications to some personnel for as <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40918651/hims-hers-to-offer-access-to-compounded-glp-1-injections-for-as-low-as-99month-to-u-s-military-vet" rel="noreferrer noopener">low as $99 per month</a>.
The initiative covers eligible U.S. military personnel, veterans, teachers, nurses, and first responders.
Hims &amp; Hers Health is a telehealth company known for offering compounded alternatives to popular GLP-1 weight-loss treatments. Its shares have soared&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40440501/telehealth-firm-hims-hers-health-rides-high-on-demand-for-copycat-weight-loss-drugs-amid-supply-s" rel="noreferrer noopener">over 120% since August 2023</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/09/40736321/battle-over-compounded-weight-loss-medications-sustainability-and-regulation" rel="noreferrer noopener">Battle Over Compounded Weight-Loss Medications &#8211; Sustainability and Regulation</a>
The platform has already seen success, with over 12,000 customers reporting significant weight loss—an average of 10.2 pounds with compounded GLP-1 injections and 6.3 pounds with non-GLP-1 oral medications—within four weeks of starting treatment.
The issue of obesity is particularly significant in service roles. Studies have shown that around 70% of American adults are overweight or obese, and the rates are alarmingly high among veterans, military personnel, teachers, nurses, police officers, and firefighters.
Stress, sleep disruption, and other occupational hazards contribute to these statistics, making the need for affordable weight loss solutions even more urgent.
Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>)&nbsp;CEO&nbsp;Lars Fruergaard Jørgensen has defended the high U.S. prices of the company's blockbuster drugs,&nbsp;Ozempic&nbsp;and&nbsp;Wegovy, stating that these medications are reducing the economic burden of&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40422798/doctors-struggle-to-secure-medicare-coverage-for-heart-patients-on-novo-nordisks-wegovy" rel="noreferrer noopener">obesity-related health issues</a>.
Earlier this year, a study revealed that Ozempic could be produced for less than $5 a month, starkly contrasting its current&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/03/37989566/how-much-does-it-cost-to-make-novo-nordisks-ozempic-shockingly-low-against-1-000-price-tag-study-" rel="noreferrer noopener">monthly price of $968.52</a>. Similarly, Wegovy is priced at <a target="_blank" href="https://www.benzinga.com/general/biotech/24/05/39042551/novo-nordisk-faces-scrutiny-over-high-prices-of-ozempic-and-wegovy-blames-us-health-system?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=site&amp;nid=39600377" rel="noreferrer noopener">$1,349.02 per month</a>.
Senator Bernie Sanders, chair of the Health, Education, Labor and Pensions (HELP) Committee, has been vocal about the stark price differences for Ozempic and Wegovy between the U.S.&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/07/39736330/bernie-sanders-targets-high-prices-of-ozempic-and-wegovy-in-us" rel="noreferrer noopener">and other countries</a>.
Novo Nordisk CEO Lars Jorgensen is scheduled to appear before the Senate HELP Committee, led by Chairman Bernie Sanders, for a hearing next week that will focus on hearing popular drugs, Ozempic, <a target="_blank" href="https://www.benzinga.com/general/biotech/24/08/40550961/novo-nordisk-does-not-operate-as-drug-cartel-ceo-defends-us-pricing-of-ozempic-against-criticism-" rel="noreferrer noopener">and Wegovy in the U.S.</a>
Price Action: HIMS stock is up 3.49% at $16.88 at last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40927136/amazon-boosts-worker-pay-to-over-29hour-invests-2-2b-as-holiday-kicks-in" target="_blank" rel="noreferrer noopener">Amazon Boosts Worker Pay to Over $29/Hour, Invests $2.2B As Holiday Kicks In</a>.</li>
</ul>
Photo via Shutterstock

Health Care

General

Hims & Hers Health, Inc. Class A Common Stock

HIMS

Hims & Hers To Offer Access To Compounded Diabetes And Weight Loss Drugs For Just $99/Month To Certain Professional Personnel

FANG

Shares of oil and gas companies are trading higher amid a rise in the price of oil after the Fed cut rates, which could lift the demand outlook. Also, ongoing tension in the Middle East could increase supply

<a href="https://www.wsj.com/business/disney-to-stop-using-slack-following-hack-that-exposed-company-data-c5311caf?mod=latest_headlines" title="https://www.wsj.com/business/disney-to-stop-using-slack-following-hack-that-exposed-company-data-c5311caf?mod=latest_headlines">https://www.wsj.com/business/disney-to-stop-using-slack-following-hack-that-exposed-company-data-c5311caf?mod=latest_headlines</a>

Disney to Stop Using Slack Following Hack That Exposed Company Data, Many Disney Teams Had Already Started to Transition to 'Streamlined Enterprise-Wide Collaboration Tools'

Investors are always looking for stocks that are poised to beat at earnings season and KB Home&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kbh#NYSE">KBH</a>)&nbsp;may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because KB Home is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings &mdash; with the most up-to-date information possible &mdash; is a pretty good indicator of some favorable trends underneath the surface for KBH in this report.
In fact, the Most Accurate Estimate for KBH for the to-be-reported quarter is currently pegged higher than the broader Zacks Consensus Estimate of $2.04 per share. This suggests that analysts have very recently bumped up their estimates for KBH, giving the stock a Zacks Earnings ESP of +0.08% heading into earnings season.
<h2>KB Home Price and EPS Surprise</h2>
<div class="chart_embed">
<img alt="KB Home Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/2a/1726743013.png" style="height:266px; width:538px" title="" />
KB Home price-eps-surprise | KB Home Quote
</div>
<h2>Why is this Important?</h2>
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns.
Given that KBH has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings.
Clearly, recent earnings estimate revisions suggest that good things are ahead for KB Home, and that a beat might be in the cards for the upcoming report.
<a href="https://www.zacks.com/stock/news/2338358/why-kb-home-kbh-might-surprise-this-earnings-season?cid=CS-BENZ-FT-tale_of_the_tape|earnings_surprise-2338358">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Mid Cap

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Why KB Home Might Surprise This Earnings Season

Macro Notification

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

U.S. Defense Secretary Austin Postpones Israel Trip

A Federal Reserve focused on supporting the economy through rate cuts is a robust bullish catalyst for U.S. small-cap stocks, according to Sean Gallagher, global head of Lazard&#8217;s <a href="https://www.benzinga.com/news/small-cap">small-cap equity platform.</a>
In an exclusive interview with Benzinga, Gallagher reaffirmed his strong optimism that small caps will close the performance gap with large caps that has widened in recent years.
&#8220;The Fed is in &#8216;pro-growth mode,&#8217; and easing financial conditions are very helpful for many parts of the economy,&#8221; he stated. 
&#8220;I think laggard areas like small caps are a lot more attractive.&#8221; While Gallagher noted that the broader market isn&#8217;t cheap—given that the S&amp;P 500 trades at over 20 times its earnings—small caps remain comparatively undervalued, trading at half the S&amp;P 500&#8217;s price-to-earnings ratio.
Following the Fed&#8217;s bold decision to slash rates by 50 basis points to 4.75-5%, the Russell 2000, as tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), had a volatile reaction on Wednesday, closing flat for the day. 
Yet, as investors digest the decision, small caps rose by 1.7% on Thursday, outperforming larger-cap counterparts. 
Don't miss out on this unparalleled opportunity:
<ul>
<li><a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Register now to secure your spot at Benzinga's Largest SmallCap Conference ever in Chicago!</a></li>
</ul>
Gallagher reiterated his call of &#8220;at least 30% upside on a 12 month basis,&#8221; <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40794070/exclusive-lazard-small-cap-expert-predicts-30-50-russell-2000-rally-on-the-back-of-%20ChatGPT%20ha%20detto:%20ChatGPT">for the Russell 2000. </a>
&#8220;There&#8217;s no question&#8221; that even the group of non-earners within the small-cap index could benefit significantly from aggressive rate cuts, such as the 50 basis point reduction, he added.
As we enter what he describes as &#8220;a pretty aggressive rate-cutting cycle,&#8221; the market could expand beyond the heavily concentrated Magnificent Seven, bringing small caps into focus for retail investors.
The expert maintains a constructive outlook on the economy, dismissing fears of a slowdown. While he acknowledges some labor market softness, he doesn&#8217;t view it as a sign of fundamental weakness.
<h3 class="wp-block-heading">Fed To Cut By 25Bps At Every Meeting</h3>
Gallagher anticipates 25 basis point rate cuts at each upcoming Fed meeting. &#8220;We&#8217;re in a much better place with inflation and are gradually getting back to trend,&#8221; he said.
He foresees a steady series of 25 basis point cuts following the initial front-loaded 50 basis point cut.
&#8220;I think we&#8217;re in a &#8216;good is good and bad is bad&#8217; kind of mindset going forward,&#8221; Gallagher said. Positive economic data will benefit the markets, whereas negative data, particularly on the labor market front, may disappoint investors. 
<h3 class="wp-block-heading">Small Caps Poised To Play Catch-Up, Biotech In Focus</h3>
Gallagher believes cyclical sectors are set to rise here. 
He is particularly optimistic about companies with lean inventories, solid balance sheets, and free cash flow, especially those enduring the current tough cycle. &#8220;When demand comes back, you&#8217;ll see meaningful appreciation,&#8221; he said.
Gallagher also sees potential in the biotech sector, noting that higher rates have been restrainting funding for years.
&#8220;We're definitely active in healthcare, looking for opportunities with companies that have diversified pipelines, solid balance sheets, and are poised to benefit when biotech funding picks up,&#8221; he added.
Don&#8217;t miss the opportunity to dominate in a volatile market at the&nbsp;<a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Benzinga SmallCAP Conference on Oct. 9-10, 2024</a>,&nbsp;at the Chicago Marriott Downtown Magnificent Mile.
Get exclusive access to CEO presentations, 1:1 meetings with investors, and valuable insights from top financial experts. Whether you&#8217;re a trader, entrepreneur, or investor, this event offers unparalleled opportunities to grow your portfolio and network with industry leaders.
<a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/" target="_blank" rel="noreferrer noopener">Secure your spot and get your tickets today!</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">Wall Street Ramps Up Interest Rate Cut Bets After Fed Meeting: &#8216;The Hard-Landing Crowd Should Disperse,&#8217; Economist Says</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Biotech

Equities

Macro Economic Events

Broad U.S. Equity ETFs

Small Cap

Econ #s

Federal Reserve

EXCLUSIVE: Fed In 'Pro-Growth Mode' Will Drive Small Cap Performance, Lazard Expert Says

<a href="https://www.verizon.com/about/news/back-market-and-visible-verizon-announce-us-partnership">https://www.verizon.com/about/news/back-market-and-visible-verizon-announce-us-partnership</a>
Back Market and Visible by Verizon Announce U.S. Partnership
&nbsp;
Refurbished Tech Marketplace to Feature Exclusive Visible Plan Offer&nbsp;in Time for Holiday Shopping Season
Today, <a href="https://www.backmarket.com/en-us">Back Market</a>, the leading global marketplace for Verified Refurbished tech, announced a new partnership with <a href="https://www.visible.com/">Visible</a>, Verizon's award-winning app-based wireless service, offering unlimited data, talk and messaging. The exclusive offer was unveiled by Back Market Founder and CEO, Thibaud Hug De Larauze and Visible Managing Director, Jeremy Bolton during a Paris press conference.
Available now, every smartphone purchased on Back Market will come with access to a $20/month offer on the Visible plan for the first twelve months, with standard rates applying afterwards. This is a savings of $60 per line on the Visible plan for the first year, and if you factor in the cost of a new device compared to the cost of a Verified Refurbished device on Back Market, the savings are even greater. The combined value of these two brands makes access to high-quality technology and an exceptional wireless experience more affordable than ever.
"Together, Back Market and Visible are reaching the next generation of consumers who care about sustainability and getting the best deal," said Thibaud Hug De Larauze, Founder and CEO, Back Market. "We launched this partnership to continue to provide U.S. customers more convenience, affordability, and access to refurbished tech that offers the same factory-quality devices as new, at far less cost and impact on the environment. Visible shares our commitment to growing the circular economy for consumer technology and understands that to build a sustainable business you need to start with an amazing customer experience."
"We are excited to partner with Back Market to give U.S. customers a new option that's not only affordable, but environmentally-friendly," said Jeremy Bolton, General Manager, Visible. "We've always been committed to bringing our customers the best, most innovative, and most accessible digital wireless service, and now, we're proud to do that in a way that limits the impact of technology on the environment."
In partnership with Visible, Back Market's customers are within a click of best-in-class wireless service, including unlimited data on Verizon's 5G and 4G LTE networks. With this exclusive offer, Back Market continues to be a one-stop-shop for all consumer electronic needs, especially during the upcoming holiday shopping season as shoppers look for quality, affordable devices and trusted mobile plans, all while promoting sustainability through its circular model.
Details of the exclusive Visible plan offer on Back Market include:
<ul>
<li>$20/month for 12 months followed by standard rates for the Visible plan</li>
<li>Unlimited data, talk &amp; text on Verizon's 5G &amp; 4G LTE networks</li>
<li>Coverage of 99% of the U.S. population</li>
<li>High-risk spam and robocall blocking</li>
<li>Free talk and text to Mexico &amp; Canada</li>
<li>Access to Visible's 15-day network free trial</li>
</ul>
These savings come with no trade off in quality. Customers on Back Market always receive a 30-day money-back guarantee and a one-year warranty when purchasing devices, and this year <a href="https://www.jdpower.com/business/press-releases/2024-us-wireless-retail-experience-study-volume-2">J.D. Power</a> recognized Visible for delivering the best purchase experience among value mobile virtual network operators.
Back Market's mission is to lower the environmental impact of tech by extending devices lifespans. Customers can purchase high-quality refurbished electronics and devices that are better than new at a fraction of the price.

'Back Market And Visible By Verizon Announce U.S. Partnership'

Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) shares are<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> trading lower on Thursday.</a>
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, MA stock has gained over 19% in the past year. Investors can gain exposure to the stock via iShares U.S. Financial Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYG#NYSE">IYG</a>) and&nbsp;BlackRock Long-Term U.S. Equity ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BELT#NASDAQ">BELT</a>).
Safaricom and Mastercard have forged a partnership aimed at boosting the adoption of payment acceptance and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/b40939900/safaricom-and-mastercard-partner-to-expand-remittances-and-payment-acceptance-to-over-636-000-merc" rel="noreferrer noopener">cross-border remittance services in Kenya.</a>
&#8220;We are proud to partner with Safaricom to build an inclusive digital economy that works for everyone, everywhere. We will enable the merchants to grow and contribute to the Kenyan economy,&#8221;&nbsp;said Amnah Ajmal, Executive Vice President, EEMEA, Mastercard.
Also Read:<a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39621550/mastercard-and-ant-group-expand-digital-payment-zones-in-western-chinese-cities-details" rel="noreferrer noopener"> Mastercard and Ant Group Expand Digital Payment Zones In Western Chinese Cities: Details</a>
This collaboration is expected to benefit more than 636,000 merchants utilizing M-PESA, Safaricom&#8217;s premier mobile money service.
By utilizing M-PESA&#8217;s vast merchant network alongside Mastercard&#8217;s global payment infrastructure, this partnership aims to provide merchants with seamless, secure, and scalable payment solutions, allowing them to reach customers in international markets.
Additionally, it will enhance remittance services, facilitating efficient cross-border transactions.
&#8220;By combining our expertise with Mastercard&#8217;s global acceptance network, we are enabling businesses to provide more efficient and frictionless payment solutions to their customers, both in Kenya and beyond,&#8221; said&nbsp;Esther Waititu, Chief Financial Services Officer, Safaricom.
Price Action: MA shares were down 0.13% at $494.11 at the last check Thursday.
Photo via Shutterstock
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Safaricom, Mastercard Team Up To Supercharge Cross-Border Payments And Merchant Growth In Kenya

U.S. stocks traded higher midway through trading, with the Dow Jones index jumping more than 500 points on Thursday.
The Dow traded up 1.25% to 42,023.61 while the NASDAQ rose 2.30% to 17,976.99. The S&amp;P 500 also rose, gaining, 1.60% to 5,707.97.
Check This Out: <a href="https://www.benzinga.com/news/24/09/40937584/alphabet-mcdonalds-and-2-other-stocks-executives-are-selling">Alphabet, McDonald&#8217;s And 2 Other Stocks Executives Are Selling</a>
Leading and Lagging Sectors Information technology shares jumped by 2.9% on Thursday.
In trading on Thursday, utilities shares fell by 0.6%.
Top Headline
FactSet Research Systems Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDS#NYSE">FDS</a>) reported better-than-expected results for its fiscal fourth quarter.
The company posted quarterly sales growth of 4.9% year-on-year to $562.2 million, beating the analyst consensus estimate of $546.81 million. Adjusted EPS of $3.74 beat the analyst consensus estimate of $3.62.
FactSet said it sees fiscal 2025 revenue of $2.285 billion–$2.305 billion versus $2.301 billion estimate and adjusted EPS of $16.80–$17.40 versus consensus of $17.36.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Edgewise Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) shares shot up 37% to $26.23 after the company announced top-line data of EDG-7500 from the Phase 1 trial in healthy subjects and the single-dose arm of the Phase 2 CIRRUS-HCMtrial in patients with obstructive HCM.</li>
<li>Shares of Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) got a boost, surging 257% to $0.4545 after the company announced it will acquire sports gaming technology company Swifty Global.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares were also up, gaining 16% to $13.51 after Intel reportedly said it does not have plans to divest a majority interest in the company.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Haoxi Health Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) shares dropped 79% to $0.64. Haoxi Health Technology announced the pricing of a $12 million underwritten follow-on public offering of 4 million units at a price of $3 per unit.</li>
<li>Shares of Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) were down 30% to $17.21 after a client elected to exercise an option to terminate its services agreement with the company.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVOS#NASDAQ">VVOS</a>) was down, falling 25% to $3.10 after the company announced a $4.3 million registered offering of 1.36 million shares of common stock at $3.15 per share.</li>
</ul>
Commodities In commodity news, oil traded up 1% to $71.64 while gold traded up 0.1% at $2,600.00.
Silver traded up 1.4% to $31.115 on Thursday, while copper rose 1.1% to $4.3445.
Euro zone
European shares were higher today. The eurozone's STOXX 600 climbed 1.35%, Germany's DAX climbed 1.66% and France's CAC 40 jumped 2.11%. Spain's IBEX 35 Index rose 0.50%, while London's FTSE 100 rose 0.85%.
The Bank of England maintained the Bank Rate at 5% during its September meeting, after cutting rates by 25 bps in August. The current account surplus in the Eurozone increased to €48 billion in July from €25.5 billion in the year-ago period.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 2.13%, Hong Kong's Hang Seng Index surging 2%, China's Shanghai Composite Index gaining 0.69% and India's BSE Sensex gaining 0.29%.
Hong Kong's unemployment rate came in unchanged at 3% in the three months ending August. The Hong Kong Monetary Authority cut its base rate by 50bps to 5.25% at its recent meeting.
Economics
<ul>
<li>The U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap.</li>
<li>U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 1.7 in September from -7 in the previous month and topping market estimates of -1.</li>
</ul>
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<li><a href="https://www.benzinga.com/news/24/09/40937617/top-3-defensive-stocks-you-may-want-to-dump-in-september">Top 3 Defensive Stocks You May Want To Dump In September</a></li>
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Eurozone

EWTX

MBLY

PGNY

VVOS

Dow Jumps Over 500 Points; FactSet Research Posts Upbeat Earnings

On Tuesday, Theratechnologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THTX#NASDAQ">THTX</a>) warned of a potential temporary supply disruption of Egrifta SV (tesamorelin for injection) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/g40909830/theratechnologies-announces-a-risk-of-a-temporary-supply-disruption-for-egrifta-sv-in-early-2025" rel="noreferrer noopener">in early 2025</a>.
The FDA has approved Egrifta SV as the only treatment for&nbsp;HIV-related&nbsp;excess visceral abdominal fat.
The interruption is linked to an unexpected voluntary shutdown of the contract manufacturer&#8217;s facility following an FDA inspection.
The FDA review timeline could delay the resumption of product distribution, but the company is actively working with its manufacturer and the FDA to minimize patient impact.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/07/39709482/hiv-medicine-maker-theratechnologies-wraps-up-strong-second-quarter-stock-soars" rel="noreferrer noopener">HIV Medicine Maker Theratechnologies&#8217; Wraps Up Strong Second Quarter,&#8217; Stock Soars</a>
Paul Lévesque, President and CEO of Theratechnologies, expressed confidence that patient needs in 2025 will be met despite this disruption.
To mitigate the risk of shortages, Theratechnologies plans to implement measures to manage Egrifta SV inventory levels through early January 2025.
However, due to the supply challenges, the company anticipates a revenue shortfall of approximately $1.6 million for its fiscal year 2024.
The contract manufacturer&#8217;s facility underwent a voluntary three-month shutdown to address observations made by the FDA&#8217;s Office of Compliance, which were unrelated to the Egrifta SV manufacturing process but concerned the facility&#8217;s environment.
The manufacturer aims to resume operations by mid-October, with the first batch of Egrifta SV slated for production on October 21.
Theratechnologies must file a Prior Approval Supplement (PAS) with the FDA detailing changes made at the facility, which is expected around the manufacturing date. The FDA typically reviews PAS filings within four months.
As the company&#8217;s annual <a target="_blank" href="https://www.theratech.com/static-files/e2cd4c2e-6d00-4f3d-9197-f588856fa98e" rel="noreferrer noopener">filing</a>, it does not own or operate its manufacturing facilities and relies on third-party suppliers, such as Bachem, Jubilant, and Lyophilization Services of New England, to produce Egrifta SV.
The company has not qualified alternative manufacturers, and the validation process for new suppliers could take up to three years, complicating any potential transition.
Price Action: THTX Stock is up 4.16% at $1.25 at the last check on Thursday.
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Theratechnologies Faces Potential Supply Disruption For Its Top Selling Drug, Warns of Revenue Impact Due To Manufacturing Delays

Oil is trading higher following the Fed's rate cut, which could lift demand outlook.

<a href="https://www.law360.com/securities/articles/1880236/wynn-resorts-to-pay-investors-70m-over-misconduct-claims" title="https://www.law360.com/securities/articles/1880236/wynn-resorts-to-pay-investors-70m-over-misconduct-claims">https://www.law360.com/securities/articles/1880236/wynn-resorts-to-pay-investors-70m-over-misconduct-claims</a>

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'Wynn Resorts To Pay Investors $70M Over Misconduct Claims' - Law360

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AFRM

Affirm's CEO Max Levchin Touts Apple Deal As A Boost For Holiday Sales

Billionaire entrepreneur Mark Cuban stirred up debate on X (formerly Twitter) by sharing an old 2019 tweet from Donald Trump, where the former president urged the Federal Reserve to cut interest rates, even suggesting negative rates.&nbsp;
Cuban used this as a reminder that despite the supposedly strong economy at the time, Trump was pushing for measures typically used during economic slowdowns, saying, &#8220;Fed was way too fast to raise and way too slow to cut!&#8221;
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<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Remember when the economy was soooo good in 2019 the President begged the Fed for NEGATIVE INTEREST RATES <a href="https://t.co/GvAHcpj0X3">https://t.co/GvAHcpj0X3</a>
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1834809142378459454?ref_src=twsrc%5Etfw">September 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cuban's post sparked heated responses from users who misunderstood how interest rates work. One user claimed lower rates signal a strong economy, which Cuban quickly corrected, explaining that the Fed lowers rates to stimulate a struggling economy by making borrowing cheaper.
See Also: Mark Cuban believes &#8220;the next wave of revenue generation is around real estate and entertainment&#8221; —<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> this new real estate fund allows you to get started with just $100.</a>
This exchange wasn't the first time Cuban criticized Trump's policies. He has previously called out Trump's tariffs and business practices. Despite supposedly not personally disliking Trump, <a href="https://www.benzinga.com/news/24/09/40849505/mark-cuban-says-he-truly-does-not-hate-trump-but-calls-him-a-lousy-president-if-he-wasnt-running">Cuban firmly believes Trump</a> was – and would be – a "lousy president."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I truly don't hate him at all. I just think he was and would be a lousy president. If he wasn't running, I would be happy to take up his dinner invitation from when he was in office. How do you think interest rates are set ? Which of your tax rates have changed ?
&mdash; Mark Cuban (@mcuban) <a href="https://twitter.com/mcuban/status/1834427537864491322?ref_src=twsrc%5Etfw">September 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
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He even mentioned that if Trump weren't running for office, he would have been happy to accept a dinner invitation Trump once extended to him while in office. However, he <a href="https://www.benzinga.com/news/24/09/40869372/mark-cuban-calls-out-trumps-investment-record-which-startups-has-trump-ever-invested-in-that-didnt-i">strongly opposes his policies</a> and believes Trump's time in the White House was flawed.
Despite what Cuban thinks of the former President, many people believe Donald Trump did well, <a href="https://www.benzinga.com/startups/24/09/40669224/67-of-investors-say-trump-is-better-for-stocks-than-biden-but-market-predictions-are-all-over-the-ma">especially regarding the economy</a>. During his time in office, the U.S. experienced low unemployment rates, a booming stock market and economic growth that many supporters credit to his policies.
The discussion that followed Trump&#8217;s 2019 tweet reflected people&#8217;s disagreements on his economic record as a businessman and past president.
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<h2 class="wp-block-heading">Cuban Vs. Trump On Tariff Policies</h2>
Cuban also recently questioned Trump's tariff policies, saying they result in higher costs for American consumers and create headaches for businesses, especially smaller ones. He aimed<a href="https://www.benzinga.com/startups/24/09/40880570/mark-cuban-puts-stephen-miller-on-the-spot-does-donald-trump-make-products-overseas-yes-or-no-in-tar"> at Stephen Miller</a>, one of Trump's senior advisors, over tariffs and offshoring, asking pointedly, "Does Donald Trump make products overseas? Yes or No?" —a question Miller dodged.
As the election approaches, Mark Cuban has thrown his support behind Vice President Kamala Harris, <a href="https://www.benzinga.com/startups/24/09/40855223/mark-cuban-praises-kamala-harris-support-for-business-is-her-new-tax-plan-a-game-changer">praising her for being pro-business</a> and more moderate. He believes Harris's approach sets her apart from President Biden and Cuban has been vocal about how her economic policies match his vision for what makes a strong economy.
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Personal Finance

Mark Cuban Argues With X Users As He Shares Trump's Old Tweet And Says Remember 2019 When Trump 'Begged The Fed For NEGATIVE INTEREST RATES'

Minnesota Gov. Tim Walz, potentially Kamala Harris's running mate for the 2024 presidential election, recently made headlines for withdrawing $135,000 from his 401(k). The move, aimed at covering his daughter's college expenses, has sparked a debate on whether this is a <a href="https://www.benzinga.com/personal-finance/24/09/40777048/24-year-old-gets-best-job-of-his-life-and-wants-to-invest-but-dave-ramsey-says-youre-broke-and-i">financially sound choice.</a>
At 60 years old, Walz is nearing the typical retirement age. However, his decision to dip into his retirement savings raised questions about the potential risks involved. Walz revealed to The Wall Street Journal that he withdrew nearly 10% of his estimated $1 million in retirement savings.
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Financial Implications
There are a few consequences of this withdrawal:
Taxes: Since <a href="https://www.benzinga.com/personal-finance/24/08/40515684/labor-economist-warns-americans-get-a-failing-grade-in-retirement-security-says-the-age-of-401-k">withdrawals from retirement accounts</a> are taxed as income, Walz will need to report this $135,000 on his 2023 tax return.
Penalties: If Walz were under 59½ years old, he'd face a 10% early withdrawal penalty, costing him an additional $13,500. However, since he's over that threshold, he won't be subject to the penalty.
Missed Growth: Withdrawing funds from a retirement account also means losing potential compound interest, which could have a long-term impact on his savings.
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Hardship Withdrawal?
It's unclear whether this withdrawal qualifies as a hardship distribution under IRS guidelines, which would allow it to be penalty-free for certain expenses like education. Regardless, Walz would still be liable for taxes on the amount withdrawn.
Walz's Financial Situation
Walz's overall financial picture remains solid, with he and his wife, Gwen, reporting a combined income of around $300,000 in 2023. A portion of this income – about $135,000 – comes from pensions or annuities. Walz also earns $127,629 annually as governor, a salary he declined to increase in 2023. His diverse career, including teaching, service in the National Guard and politics, has given him multiple sources of retirement income, providing him with <a href="https://www.benzinga.com/personal-finance/24/05/39069576/are-you-rich-heres-the-net-worth-you-need-to-be-poor-middle-class-and-wealthy">more flexibility than most Americans</a>.
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Experts Weigh In
Financial professionals generally discourage tapping into retirement accounts early, unless absolutely necessary.
Yusuf Abugideiri, chief investment officer at Yeske Buie, told CNBC, "Taking money out of your retirement accounts to use for something else means, by definition, that money won't be available for retirement." He warns this could create a difficult financial situation down the road.
Gerika Espinosa, a certified financial planner, shared a similar concern, noting, "People are doing it at the expense of their own retirement and then their retirement suffers. And then it's kind of a lose-lose situation."
David Boniface, a financial wealth advisor, highlighted the long-term risks in Barron's, stating, "You're going to be a financial burden on your children when you're in your 80s, because you blew up your retirement."
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Alternatives
Experts often recommend other ways to cover educational expenses, including:
<ul>
<li>Federal and private student loans</li>
<li>529 college savings plans</li>
<li>Scholarships and grants</li>
<li>Work-study programs</li>
</ul>
Walz's choice highlights the tough financial decisions many families face today. Ultimately, it reminds us of the importance of balancing short-term needs with <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">long-term financial security</a>. While you can get a loan for college, remember you can't get a loan for your retirement.&nbsp;
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Tim Walz Withdrew $135,000 From A 401(k) For His Daughter – Experts Warn Copying This Move Could 'Blow Up Your Retirement'

<a href="https://www.benzinga.com/personal-finance/24/09/40817545/i-know-im-not-broke-shaquille-oneals-card-was-declined-at-walmart-after-attempting-the-biggest-p">Shaquille O'Neal</a> has made his position clear when it comes to his wealth and his children: they're not rich – he is. In a podcast appearance in 2021, the former NBA superstar, who boasts a net worth of around $500 million, emphasized that his children will not simply inherit his fortune. Instead, they will have to earn their way in life, regardless of his financial success.
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Shaq, one of the highest-paid athletes in history, is adamant about teaching his six children the importance of hard work. "My kids are older now. They're kind of upset with me – not really upset, but they don't understand," Shaq explained. His message to them? "We ain't rich. I'm rich."
Rather than allowing his children to rely on his fortune, Shaq expects them to earn their success. "<a href="https://www.benzinga.com/personal-finance/24/08/40658562/nba-legend-shaq-tells-his-kids-in-order-to-get-my-cheese-you-have-to-present-me-with-two-degrees">In order to get my cheese, you've got to present me with two degrees</a>," he's famously said, making it clear that higher education is a requirement for anyone looking to access his wealth. This isn't just about education for its own sake, though. Shaq views it as a tool for his children to develop independence and make their mark on the world.&nbsp;
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It's not as simple as just getting a degree and receiving a handout from him. Shaq explains how it works once they earn their degrees, saying, "then if you want me to invest in one of your companies, you're gonna have to present it. Boom, boom, boom. Bring it to me. I'll let you know."
Shaq distinguishes between his sons and daughters, noting that while his girls tend to be more ambitious and focused, his boys sometimes have a more relaxed attitude. "My boys, they're a little bit more like, ‘We'll figure it out.' My girls, they're way more independent," Shaq shared. But his expectations for all his kids remain the same – hard work and education come first.
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This philosophy isn't just about withholding money – Shaq wants to ensure his children have the tools to <a href="https://www.benzinga.com/markets/24/07/39915962/shaquille-oneal-began-building-his-estimated-500-million-portfolio-by-investing-in-this-tech-titan-w">build something meaningful in their own lives</a>. "I tell them all the time: we don't need another NBA player in the family. We need lawyers, we need doctors, we need people that run stuff," he said.
Despite his wealth and success, Shaq is determined to raise his children with the mindset that nothing in life is handed out for free. For Shaq, it's about setting them up for their success, not just giving them a share of his.
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Shaquille O&#8217;Neal&#8217;s approach mirrors the philosophy of several successful figures who advocate for financial discipline and self-sufficiency among their children. Warren Buffett, for example, has famously stated that he wants to leave his children enough to do anything, but not enough to do nothing. Similarly, Elon Musk has preferred <a href="https://www.benzinga.com/personal-finance/24/07/39649862/cant-possibly-think-of-genes-i-would-prefer-more-elon-musk-father-of-12-swayed-his-neuralink-exe">ensuring his children</a> earn their way, emphasizing the importance of hard work and innovation. These perspectives highlight a common belief among wealthy individuals that fostering independence and responsibility is crucial for the next generation&#8217;s success.
While most of us aren&#8217;t leaving behind millions, creating a meaningful impact with our money remains relevant. Whether you're thinking about teaching life lessons to kids or planning to spend every last penny on your dreams, <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">consulting a financial advisor</a> can help you navigate your choices. They can assist with everything from maximizing your retirement savings to ensuring you make the most of your wealth, whatever your goals.&nbsp;
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'We Ain't Rich, I'm Rich' – NBA Legend Shaq Says His Daughters And Sons Don't Get Equal Treatment – 'My Boys? They're Not Getting Nothing'

The group vice presidential candidate JD Vance called "childless cat ladies" are taking charge of their future and purchasing homes in large numbers.
Single women have historically led the way in single-person homeownership, according to Realtor.com senior economist Ralph McLaughlin.
In 2023, <a href="https://www.benzinga.com/real-estate/24/05/38988203/charlie-munger-said-homeownership-is-for-families-the-single-people-i-dont-care-if-they-ever-get-a-h">single women accounted for 19% of all homebuyers</a>. Data from the U.S. Census Bureau shows that single women own 20.3 million homes in the U.S., compared to 14.9 million owned by single men.
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"Single-female <a href="https://www.benzinga.com/personal-finance/24/09/40735607/dont-buy-a-home-unless-you-can-afford-to-waste-money-grant-cardone-thinks-your-dream-home-might-">homeownership</a> tends to be in more aged markets and at least partially reflects the fact that females tend to outlive males and that older females are more likely to be divorced and widowed," McLaughlin said.
Real estate agents report that many of their clients are female SINKS (single income, no kids).
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"I have a lot of SINK clients and most of them are women between the ages of 35 and 65," said Stacy Miller, a real estate agent with Re/Max Fine Properties in Phoenix.
Miller said many of her older SINK clients relocate to Arizona from other states to be closer to grown children, grandchildren or aging parents or because they are newly divorced or widowed.
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SINKs prioritize safety and security and are often drawn to areas where they can get more value for their money.
"Regardless of gender, single-person homeownership tends to be higher in smaller, less expensive markets, presumably where it's easier for single-income households to afford homes," McLaughlin said.
In 2022, eight of the top 10 metro areas for single-family homeownership had median home prices below the national average.
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The top five metros for single female ownership are Barnstable Town, Massachusetts; Topeka, Kansas; Rocky Mount, North Carolina; Wildwood-The Villages, Florida; and Ocala, Florida.
Lake Havasu City, Arizona, is the top spot for single male ownership and Ohio is the most popular state for single male homeowners.
The No. 1 advantage of being a SINK homeowner is the freedom to decide solely based on personal preferences.
"In my experience, SINKs' decision-making process is much more efficient because they don't have to compromise to the wants or needs of another or ‘be on the same page' with a co-buyer," said Robert Dodson, sales manager and broker at Charles Burt Realtors in Joplin, Missouri.
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SINKs also don't have to factor in school districts, giving them more flexibility in choosing where to buy. They can focus on urban, walkable areas with vibrant nightlife without prioritizing a kid-friendly neighborhood.
For SINKs, the ability to afford a home on a single income is a major consideration when deciding whether to purchase a property.
The typical monthly mortgage payment – based on a median list price of $438,950, a 6.49% mortgage rate and a 20% down payment – is about $2,222, not including taxes, insurance and other fees.
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Real Estate

Single Income, No Kids? The Rise Of the SINK Homebuyers And How Much You Need To Buy Solo

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