FRNT Finl (OTC:FRFLF) Stock, Quote.Headers.trade-ideas

FRNT Financial Inc is a next-generation institutional sales and trading platform. The company aims to offer new opportunities to permitted clients and institutional investors while maintaining a lean, technology-driven operation. It is focused on providing expertise and products that help institutional clients gain access to cryptocurrency trade opportunities. It has one segment focused around developing and offering its capital market trading platform to institutional investors.

FRNT Financial Inc

On Thursday, Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) announced it is expanding its collaboration with Shield AI, a defense technology company<a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/n42353485/shield-ai-and-palantir-technologies-deepen-strategic-partnership-and-announce-deployment-of-warp-s" rel="noreferrer noopener"> focused on autonomy solutions</a>.
The partnership aims to develop and implement large-scale command and control systems for autonomous uncrewed operations, even in GPS- and communications-denied environments.
Using Palantir&#8217;s Warp Speed manufacturing OS for American re-industrialization, Shield AI reinforces its dedication to delivering scalable, AI-powered solutions to safeguard service members and civilians.
By integrating Shield AI&#8217;s advanced Hivemind software development kit with Palantir&#8217;s robust suite of solutions—including enterprise resource planning, geospatial intelligence, and operational decision-making tools—the partnership unites the strengths of both companies to tackle critical defense challenges.
Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42307179/salesforce-palantir-and-oracle-spearhead-an-ai-revolution-says-wedbushs-dan-ives-a-renaissance-of-growth" rel="noreferrer noopener">Palantir Paving The Way For AI Transformation, With Salesforce And Oracle To Follow, Says Dan Ives: The AI Revolution Goes Beyond Magnificent 7</a>
Hivemind's proven capabilities on platforms like the V-BAT, F-16, and Nova quadcopter now work seamlessly with Gaia's geospatial intelligence tools, enabling real-time mission execution and precision targeting.
Brandon Tseng, Shield AI&#8217;s President, Co-founder, and former Navy SEAL said, &#8220;Our partnership is about bringing together Palantir&#8217;s software dominance and Shield AI&#8217;s expertise in autonomy to deliver the best possible outcomes for customers.&#8221;
Shyam Sankar, Palantir&#8217;s Chief Technology Officer and Executive Vice President stated, &#8220;Shield AI stands out in their field, having achieved mission impact and product results where others have struggled.&#8221;
&#8221;This partnership, and Shield AI&#8217;s deploying of our newly announced manufacturing OS will enable faster and better delivery to customers, and ultimately aid in the defense of the West.&#8221;
Investors can gain exposure to the Palantir via REX AI Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIPI#NASDAQ">AIPI</a>) and&nbsp;ProShares Big Data Refiners ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAT#NYSE">DAT</a>).
Price Action: PLTR shares are up 1.53% at $72.97 premarket at the last check Friday.
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</ul>
Image via Shutterstock

Equities

Large Cap

News

Contracts

Tech

AIPI

PLTR

AI-Driven Defense: Palantir's New Partnership with Shield AI Aims for Scalable, Precision Solutions

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Needham analyst Gerald Pascarelli initiated coverage on Constellation Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STZ#NYSE">STZ</a>) with a Buy rating and announced a price target of $280. Constellation shares closed at $239.50 on Thursday. See how other analysts view this stock.</li>
<li>Jefferies analyst Maury Raycroft initiated coverage on Mereo BioPharma Group plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MREO#NASDAQ">MREO</a>) with a Buy rating and announced a price target of $7. Mereo BioPharma shares closed at $3.47 on Thursday. <a href="https://www.benzinga.com/quote/MREO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Rohin Patel initiated coverage on Haemonetics Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAE#NYSE">HAE</a>) with an Overweight rating and announced a price target of $116. Haemonetics shares closed at $80.67 on Thursday. See how other analysts view this stock.</li>
<li>Raymond James analyst Rick Patel initiated coverage on Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) with an Outperform rating and announced a price target of $180. Abercrombie &amp; Fitch shares closed at $149.95 on Thursday. <a href="https://www.benzinga.com/quote/ANF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Danielle Antalffy initiated coverage on Glaukos Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>) with a Buy rating and announced a price target of $182. Glaukos shares closed at $135.70 on Thursday. <a href="https://www.benzinga.com/quote/GKOS/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying STZ stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="616" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06081535/Screenshot-2024-12-06-184402-1024x616.png" alt="" class="wp-image-680584" style="width:667px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06081535/Screenshot-2024-12-06-184402-1024x616.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06081535/Screenshot-2024-12-06-184402-300x180.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06081535/Screenshot-2024-12-06-184402-768x462.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/06081535/Screenshot-2024-12-06-184402.png 1099w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/24/12/42357598/dow-dips-more-than-200-points-ahead-of-jobs-report-investor-sentiment-declines-fear-greed-index-remains-in-greed-zone">Dow Takes A Breather After Record Close, Dips Over 200 Points Ahead Of Jobs Report: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Price Target

Initiation

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

GKOS

MREO

This Constellation Brands Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Friday

U.S. stock futures were lower this morning, with the Dow futures falling around 50 points on Friday.
Shares of Smith &amp; Wesson Brands, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWBI#NASDAQ">SWBI</a>) fell sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/insights/earnings/24/12/42351795/smith-wesson-brands-q2-earnings-insights">second-quarter results</a>.
The company posted net sales of $129.7 million, an increase of 3.8%, over the year-ago period and 46.8%, over the previous quarter.
Smith &amp; Wesson Brands shares dipped 15.8% to $11.48 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Oriental Rise Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIS#NASDAQ">ORIS</a>) shares tumbled 81.2%</li>
<li> to $10.50 in pre-market trading after surging 599% on Thursday.</li>
<li>zSpace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZSPC#NASDAQ">ZSPC</a>) declined 31.7% to $15.01 in pre-market trading after jumping 340% on Thursday.</li>
<li>Samsara Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IOT#NYSE">IOT</a>) shares tumbled 10.6% to $49.29 in pre-market trading following third-quarter results.</li>
<li>8&#215;8, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGHT#NASDAQ">EGHT</a>) fell 6.2% to $2.87 in pre-market trading.</li>
<li>UiPath Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>) dipped 4.1% to $14.34 in pre-market trading following third-quarter results.</li>
<li>Douglas Dynamics, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLOW#NYSE">PLOW</a>) fell 4% to $24.31 in pre-market trading.</li>
<li>Movado Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOV#NYSE">MOV</a>) dropped 3.3% to $20.11 in pre-market trading. The company, on Thursday, reported third-quarter results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42357598/dow-dips-more-than-200-points-ahead-of-jobs-report-investor-sentiment-declines-fear-greed-index-remains-in-greed-zone">Dow Takes A Breather After Record Close, Dips Over 200 Points Ahead Of Jobs Report: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Movers

EGHT

ORIS

PATH

PLOW

SWBI

ZSPC

Smith & Wesson Brands, Samsara, UiPath And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Canaccord Genuity analyst David Hynes maintains Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) with a Hold and raises the price target from $210 to $270.

VEEV

Canaccord Genuity Maintains Hold on Veeva Systems, Raises Price Target to $270

WIIM

WeRide shares are trading higher after the company announced its ride-hailing partnership with Uber in Abu Dhabi, United Arab Emirates.

Brown &amp; Brown's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) short percent of float has fallen 13.76% since its last report. The company recently reported that it has 3.91 million shares sold short, which is 1.63% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.36 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Brown &amp; Brown Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733490920_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Brown &amp; Brown has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Brown &amp; Brown's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Brown &amp; Brown's peer group average for short interest as a percentage of float is 2.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(BRO) - Analyzing Brown & Brown's Short Interest

CrowdStrike Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NYSE">CRWD</a>) short percent of float has risen 3.43% since its last report. The company recently reported that it has 8.32 million shares sold short, which is 3.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>CrowdStrike Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733490914_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for CrowdStrike Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing CrowdStrike Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, CrowdStrike Holdings's peer group average for short interest as a percentage of float is 5.17%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

CRWD

Peering Into CrowdStrike Holdings's Recent Short Interest

Inflation? Not on Steve Hanke's watch. The veteran economist says fears of inflation spiking under Trump's second term are way overblown. "All this talk about Trump&#8217;s policies are going to cause inflation to kick up again is just nonsense," he said during a CNBC interview on Sunday, as reported by Business Insider.
Instead, Hanke thinks inflation will keep sliding, falling below the Federal Reserve&#8217;s 2% target in 2025. For him, the real driver<a href="https://www.benzinga.com/news/24/11/42182973/economist-steve-hanke-calls-inflation-fears-under-trump-as-nonsense-predicts-fed-driven-price-drop-below-2-in-2025"> isn't the White House – </a>it's the Fed and the money supply.
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<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
<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>
</ul>
The Real Issue: Money Supply
Hanke points to a shrinking money supply as the big deal. Since 2022, the U.S. money supply has been contracting – a rare event. It's happened only four times in the last century. And each time, the aftermath wasn't pretty: recession or depression.
&#8220;The money supply, by the way, is growing at 2.6% year-over-year and that&#8217;s below Hanke&#8217;s golden growth rate of 6%, which is consistent with hitting a 2% inflation target,&#8221; Hanke explained. In short, inflation isn't coming back anytime soon.
Even though the Fed's M2 supply measure has started ticking back up, it's not enough to change his mind. Hanke is still <a href="https://www.benzinga.com/news/23/02/30832610/steve-hanke-says-with-money-supply-contracting-at-unprecedented-rate-recession-is-around-the-corner">predicting a recession in 2025.</a>
See Also: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?
What About Trump's Policies?
Many Trump critics have warned that his trade policies, tax cuts and immigration restrictions could stoke inflation. But Hanke isn't buying it. &#8220;It depends on what the Fed is doing and what the monetary policy picture looks like with the money supply,&#8221; he said.
Hanke even praised Trump's incoming administration. He thinks economic deregulation will give GDP a nice bump without triggering inflation.
Trump's pick for Treasury Secretary, Scott Bessent, also gets a nod from Hanke. Bessent has floated strategies to spread out any inflationary impact from Trump's trade plans, which could help ease skeptics&#8217; concerns.
Trending: Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2">with $1,000 you can invest at just $0.26/share!</a>
Hanke's confidence doesn't mean smooth sailing for everyone, though. Lower inflation could still come with a cost – like that looming 2025 recession he keeps warning about. &#8220;Recession is baked into the cake,&#8221; he's said before, pointing to the Fed's tight grip on money supply. That could mean slower wage growth and a tougher job market ahead for regular folks. Even with inflation cooling, the economy's not out of the woods yet.
The Bottom Line
Hanke's message is clear: Stop panicking. The Fed, not Trump, is running the show on inflation. And with a contracting money supply, inflation is on track to keep falling next year.
&#8220;The fuel for the economy, to make it simple, is the money supply,&#8221; Hanke said. So, if you're bracing for runaway prices in 2025, maybe hit the brakes. Hanke says it's &#8220;nonsense.&#8221;
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<li>Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
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Personal Finance

Economist Steve Hanke Calls Inflation Fears 'Nonsense' As Fed Policies Take the Wheel in 2025

Hilton Worldwide Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>) short percent of float has risen 27.98% since its last report. The company recently reported that it has 5.28 million shares sold short, which is 2.47% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.43 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hilton Worldwide Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733490909_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hilton Worldwide Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Hilton Worldwide Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hilton Worldwide Holdings's peer group average for short interest as a percentage of float is 6.31%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Hilton Worldwide Holdings's Recent Short Interest

Canaccord Genuity analyst Susan Anderson maintains Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) with a Buy and raises the price target from $476 to $500.

ULTA

Canaccord Genuity Maintains Buy on Ulta Beauty, Raises Price Target to $500

DOOO

BRP shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY25 normalized EPS guidance above estimates.

RBRK

Rubrik shares are trading higher after the company reported better-than-expected Q3 financial results and issued Q4 revenue guidance above estimates and Q4 adjusted EPS guidance with its midpoint above estimates. Also, Keybanc maintained an Overweight rating on the stock and raised its price target from $57 to $75.

Bernstein analyst Bob Brackett initiates coverage on EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) with a Market Perform rating and announces Price Target of $50.

Bernstein Initiates Coverage On EQT with Market Perform Rating, Announces Price Target of $50

Canaccord Genuity analyst Brian McNamara maintains Newell Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) with a Buy and raises the price target from $13 to $15.

Canaccord Genuity Maintains Buy on Newell Brands, Raises Price Target to $15

ASAN

Asana shares are trading higher after the company reported better-than-expected Q3 financial results and issued FY25 guidance above estimates. Also, Piper Sandler and Baird raised their respective price targets on the stock.

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">229.55</td>
<td align="right">1.55</td>
<td align="right">0.67</td>
<td>2.3K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">80.83</td>
<td align="right">0.14</td>
<td align="right">0.17</td>
<td>3.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">140.95</td>
<td align="right">0.03</td>
<td align="right">0.02</td>
<td>401</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">239.94</td>
<td align="right">0.03</td>
<td align="right">0.01</td>
<td>19.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">145.12</td>
<td align="right">0.02</td>
<td align="right">0.01</td>
<td>1.0K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">92.37</td>
<td align="right">-0.22</td>
<td align="right">-0.24</td>
<td>9.5K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">50.40</td>
<td align="right">-0.01</td>
<td align="right">-0.02</td>
<td>30.6K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Sector ETFs

ETFs

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For December 6, 2024

Canaccord Genuity analyst Austin Moeller maintains Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) with a Buy and lowers the price target from $19 to $17.5.

LUNR

Canaccord Genuity Maintains Buy on Intuitive Machines, Lowers Price Target to $17.5

Baird analyst Joe Vruwink maintains Veeva Systems (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) with a Outperform and raises the price target from $275 to $283.

Baird Maintains Outperform on Veeva Systems, Raises Price Target to $283

Booz Allen Hamilton shares are trading higher after the company announced a co-creation partnership with Palantir Technologies to accelerate U.S. national defense.

VRCA

Verrica Pharmaceuticals Announced Its Development And Commercialization Partner, Torii Pharmaceutical, Submitted New Drug Application Of TO-208 For Treatment Of Molluscum Contagiosum In Japan

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The surge in meme coins has prompted plenty of debate in both crypto circles as well as among more conservative investors. Indeed, the <a href="https://twitter.com/TheStalwart/status/1766868841332637850?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1766868841332637850%7Ctwgr%5Eccfe9d6a502e54a519cd8f932ab8e61140f5af49%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptotimes.io%2F2024%2F03%2F11%2Fmeme-coin-mania-speculation-vs-opportunity%2F">unique appeal</a> these tokens have for investors looking for high-risk, high-reward bets has many speculators and traders attracted to these assets. Most conservative investors tend to view these tokens as not worth investing in. In many respects, I find myself in this camp.



That said, there&rsquo;s no denying the sort of impact Bitcoin&rsquo;s (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) recent rise has had on all digital assets. Meme tokens are surging, and the meme mania we saw in 2021 appears to be back in full force.



For those who may be looking for signs that this mania can continue, let&rsquo;s dive into what signs exist that suggest it is as rampant as many suggest right now.



<h2>Capital Inflows Into ETFs Are Soaring</h2>



In the recent crypto frenzy, an astounding <a href="https://www.linkedin.com/pulse/crypto-mania-fuels-record-inflows-520-million-floods-blackrock-lloyd-toa3e?trk=article-ssr-frontend-pulse_more-articles_related-content-card">$520 million flooded</a> into BlackRock&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/blk-stock-quote/">BLK</a>) Bitcoin ETF in one day, fueling the digital currency&rsquo;s surge past $72,000. The influx into the fund underscores the significant role ETFs play in Bitcoin&rsquo;s soaring rally, attracting a diverse group of investors. The influx of capital broadened access to Bitcoin, aligning with predictions and providing new investment opportunities for various market players.



Stephane Ouellette, CEO of FRNT Financial (OTCMKTS:<a href="https://investorplace.com/stock-quotes/frflf-stock-quote/">FRFLF</a>), <a href="https://fortune.com/2024/02/28/what-is-price-of-bitcoin-etf-blackrock-record-high/">noted the significant impact</a> of BTC ETFs on the rally. Around 20% of investment advisers had approval to include the product, a process expected to unfold over a year. Now sitting at $69,000, it took about five days for the token to reach its two-year peak and close the gap between its all-time high. The vigorous activity caused outages at crypto exchange Coinbase (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>) and signaled just how impressive institutional investor interest is in digital assets.



Bitcoin has surged over 55% year-to-date, outperforming other assets, even after its remarkable rise last year. According to JPMorgan (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) strategists, including Kenneth Worthington, the approval of new funds contributed significantly to its 2023 surge. In tandem with Bitcoin&rsquo;s rally, the $6.5 billion IBIT has witnessed 32 consecutive days of inflows. 



At the same time, Fidelity&rsquo;s FBTC has also <a href="https://fortune.com/2024/03/03/bitcoin-etf-mania-blackrock-fidelity/">seen consistent daily inflows since its launch,</a> accumulating $4.48 billion in net inflows overall. These inflows underscore the increasing demand for spot Bitcoin ETFs, emphasizing the appeal of trading assets through ETFs and the longstanding investor interest in Bitcoin funds.



It&rsquo;s unclear how much of the interest around higher-risk and more speculative meme coins is being driven by institutional investors. But with more capital flowing into this sector and greater liquidity seen on various exchanges, it&rsquo;s a broadly bullish sign mainstream investors are catching onto the crypto trade. For meme coin traders and speculators, that&rsquo;s a good thing.



<h2>Simple Price Appreciation From the Top Down</h2>



Bitcoin has <a href="https://qz.com/bitcoin-price-record-halving-event-etfs-1851304695">continued to surge to record highs</a> ahead of its upcoming halving event, surging above $72,000 for the first time this week. I would argue this incredible momentum seen from the world&rsquo;s largest cryptocurrency is driving top-down interest for all cryptocurrencies right now. 



As Bitcoin and other mega-cap cryptos continue to surge, investor interest in other high-growth digital assets continues to grow. We&rsquo;re seeing pretty broad-based positive moves in this space, suggestive of the idea that capital is flowing to all corners of the crypto market. For meme coin investors, this flood of interest has certainly been a good thing.



Now, not all investors will want to move out on the risk spectrum to the corner of the market that meme coins occupy. Indeed, these assets are best viewed as trading and speculative vehicles. Accordingly, the ties between this sort of top-down behavior may be weak, at best.



But I think it&rsquo;s true that there&rsquo;s something to the idea that &ldquo;crypto go up&rdquo; reflects some of the broad-based sentiment driving these meme coins higher right now. It&rsquo;s party on, and meme coin investors are partying the hardest right now.



<h2>Leveraged Short Liquidations</h2>



Some of the recent volatility we&rsquo;ve seen across the board in the crypto sector can certainly be tied to buying and selling activity in this space. Indeed, that&rsquo;s what moves most markets, though leveraged positions play a role in shaping how quickly a given asset moves (its volatility). In the crypto world, leverage is rampant, and it&rsquo;s partly what makes these assets so darn volatile over short timeframes.



Recent data from <a href="https://www.coinglass.com">Coinglass</a> shows just how rampant this leverage has been across various digital assets. Short liquidations have exceeded long liquidations during this recent rally, meaning short-sellers are seeing their leveraged bets blow up. This leads to higher prices, spurring further short liquidations and an upward spiral in prices.



To a large degree, these sorts of liquidations are a key driver many investors aren&rsquo;t necessarily focused on. Yes, there&rsquo;s a flood of capital coming into this sector. But when traders are levering up their positions up to 100x, near-term moves can be significant, especially when these bets unwind.



<h2>Bottom Line on Meme Coins</h2>



I&rsquo;m remaining on the sidelines for now when it comes to meme coins. I&rsquo;m going to acknowledge that meme coin mania is alive and well, and wish all speculators and traders well. But this just isn&rsquo;t an asset class for investors who value capital preservation. So, take out the popcorn and enjoy the action. This year is shaping up to be an interesting one, that&rsquo;s for sure.



On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/2024/03/crypto-trends-2024-3-signs-that-meme-coin-mania-is-back/">Crypto Trends 2024: 3 Signs That Meme Coin Mania Is Back</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Crypto Trends 2024: 3 Signs That Meme Coin Mania Is Back

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The surge in meme coins has prompted plenty of debate in both crypto circles as well as among more conservative investors. Indeed, the <a href="https://twitter.com/TheStalwart/status/1766868841332637850?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1766868841332637850%7Ctwgr%5Eccfe9d6a502e54a519cd8f932ab8e61140f5af49%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.cryptotimes.io%2F2024%2F03%2F11%2Fmeme-coin-mania-speculation-vs-opportunity%2F">unique appeal</a> these tokens have for investors looking for high-risk, high-reward bets has many speculators and traders attracted to these assets. Most conservative investors tend to view these tokens as not worth investing in. In many respects, I find myself in this camp.



That said, there&rsquo;s no denying the sort of impact Bitcoin&rsquo;s (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) recent rise has had on all digital assets. Meme tokens are surging, and the meme mania we saw in 2021 appears to be back in full force.



For those who may be looking for signs that this mania can continue, let&rsquo;s dive into what signs exist that suggest it is as rampant as many suggest right now.



<h2>Capital Inflows Into ETFs Are Soaring</h2>



In the recent crypto frenzy, an astounding <a href="https://www.linkedin.com/pulse/crypto-mania-fuels-record-inflows-520-million-floods-blackrock-lloyd-toa3e?trk=article-ssr-frontend-pulse_more-articles_related-content-card">$520 million flooded</a> into BlackRock&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/blk-stock-quote/">BLK</a>) Bitcoin ETF in one day, fueling the digital currency&rsquo;s surge past $72,000. The influx into the fund underscores the significant role ETFs play in Bitcoin&rsquo;s soaring rally, attracting a diverse group of investors. The influx of capital broadened access to Bitcoin, aligning with predictions and providing new investment opportunities for various market players.



Stephane Ouellette, CEO of FRNT Financial (OTCMKTS:<a href="https://investorplace.com/stock-quotes/frflf-stock-quote/">FRFLF</a>), <a href="https://fortune.com/2024/02/28/what-is-price-of-bitcoin-etf-blackrock-record-high/">noted the significant impact</a> of BTC ETFs on the rally. Around 20% of investment advisers had approval to include the product, a process expected to unfold over a year. Now sitting at $69,000, it took about five days for the token to reach its two-year peak and close the gap between its all-time high. The vigorous activity caused outages at crypto exchange Coinbase (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>) and signaled just how impressive institutional investor interest is in digital assets.



Bitcoin has surged over 55% year-to-date, outperforming other assets, even after its remarkable rise last year. According to JPMorgan (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) strategists, including Kenneth Worthington, the approval of new funds contributed significantly to its 2023 surge. In tandem with Bitcoin&rsquo;s rally, the $6.5 billion IBIT has witnessed 32 consecutive days of inflows. 



At the same time, Fidelity&rsquo;s FBTC has also <a href="https://fortune.com/2024/03/03/bitcoin-etf-mania-blackrock-fidelity/">seen consistent daily inflows since its launch,</a> accumulating $4.48 billion in net inflows overall. These inflows underscore the increasing demand for spot Bitcoin ETFs, emphasizing the appeal of trading assets through ETFs and the longstanding investor interest in Bitcoin funds.



It&rsquo;s unclear how much of the interest around higher-risk and more speculative meme coins is being driven by institutional investors. But with more capital flowing into this sector and greater liquidity seen on various exchanges, it&rsquo;s a broadly bullish sign mainstream investors are catching onto the crypto trade. For meme coin traders and speculators, that&rsquo;s a good thing.



<h2>Simple Price Appreciation From the Top Down</h2>



Bitcoin has <a href="https://qz.com/bitcoin-price-record-halving-event-etfs-1851304695">continued to surge to record highs</a> ahead of its upcoming halving event, surging above $72,000 for the first time this week. I would argue this incredible momentum seen from the world&rsquo;s largest cryptocurrency is driving top-down interest for all cryptocurrencies right now. 



As Bitcoin and other mega-cap cryptos continue to surge, investor interest in other high-growth digital assets continues to grow. We&rsquo;re seeing pretty broad-based positive moves in this space, suggestive of the idea that capital is flowing to all corners of the crypto market. For meme coin investors, this flood of interest has certainly been a good thing.



Now, not all investors will want to move out on the risk spectrum to the corner of the market that meme coins occupy. Indeed, these assets are best viewed as trading and speculative vehicles. Accordingly, the ties between this sort of top-down behavior may be weak, at best.



But I think it&rsquo;s true that there&rsquo;s something to the idea that &ldquo;crypto go up&rdquo; reflects some of the broad-based sentiment driving these meme coins higher right now. It&rsquo;s party on, and meme coin investors are partying the hardest right now.



<h2>Leveraged Short Liquidations</h2>



Some of the recent volatility we&rsquo;ve seen across the board in the crypto sector can certainly be tied to buying and selling activity in this space. Indeed, that&rsquo;s what moves most markets, though leveraged positions play a role in shaping how quickly a given asset moves (its volatility). In the crypto world, leverage is rampant, and it&rsquo;s partly what makes these assets so darn volatile over short timeframes.



Recent data from <a href="https://www.coinglass.com">Coinglass</a> shows just how rampant this leverage has been across various digital assets. Short liquidations have exceeded long liquidations during this recent rally, meaning short-sellers are seeing their leveraged bets blow up. This leads to higher prices, spurring further short liquidations and an upward spiral in prices.



To a large degree, these sorts of liquidations are a key driver many investors aren&rsquo;t necessarily focused on. Yes, there&rsquo;s a flood of capital coming into this sector. But when traders are levering up their positions up to 100x, near-term moves can be significant, especially when these bets unwind.



<h2>Bottom Line on Meme Coins</h2>



I&rsquo;m remaining on the sidelines for now when it comes to meme coins. I&rsquo;m going to acknowledge that meme coin mania is alive and well, and wish all speculators and traders well. But this just isn&rsquo;t an asset class for investors who value capital preservation. So, take out the popcorn and enjoy the action. This year is shaping up to be an interesting one, that&rsquo;s for sure.



On the date of publication, Chris MacDonald did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>Chris MacDonald&rsquo;s love for investing led him to pursue an MBA in Finance and take on a number of management roles in corporate finance and venture capital over the past 15 years. His experience as a financial analyst in the past, coupled with his fervor for finding undervalued growth opportunities, contribute to his conservative, long-term investing perspective.</div><h3>More From InvestorPlace</h3>
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						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
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	The post <a href="https://investorplace.com/2024/03/crypto-trends-2024-3-signs-that-meme-coin-mania-is-back/">Crypto Trends 2024: 3 Signs That Meme Coin Mania Is Back</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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