First Trust Capital Strength ETF (NASDAQ: FTCS)

First Trust Capital Strength ETF (NASDAQ:FTCS), Quote.Headers.trade-ideas

First Trust Capital Strength ETF

Industrials

Consumer Defensive

Technology

Healthcare

Financial Services

Consumer Cyclical

Basic Materials

Other

The Fund will normally invest at least 90 percent of its net assets including investment borrowings in the securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Index is developed, maintained and sponsored by Nasdaq, Inc. The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate to ensure Index integrity.

Lockheed Martin Corp

Cencora Inc

Abbvie Inc.

Wr Berkley Corp.

Elevance Health Inc

Aflac Inc.

Coca Cola Co.

Automatic Data Processing, Inc.

Johnson & Johnson

Chubbltd.

Long Ideas

Broad U.S. Equity ETFs

Specialty ETFs

Markets

Trading Ideas

ETFs

FTCS

USLB

Why You Should Consider Adding Low Volatility ETFs To Your Portfolio

FIRST TRUST CAPITAL STRENGTH ETF

Investors with a lot of money to spend have taken a bullish stance on McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MCD, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 18 uncommon options trades for McDonald's.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 38%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $362,592, and 10 are calls, for a total amount of $564,277.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $230.0 to $310.0 for McDonald's during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for McDonald's's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of McDonald's's whale trades within a strike price range from $230.0 to $310.0 in the last 30 days. 
<h3>McDonald's Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727118938_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MCD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$35.45</td>
<td>$34.1</td>
<td>$34.1</td>
<td>$280.00</td>
<td>$85.2K</td>
<td>1.3K</td>
<td style="text-align: right;">125</td>
</tr>
<tr>
<td>MCD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$34.65</td>
<td>$34.0</td>
<td>$34.0</td>
<td>$280.00</td>
<td>$85.0K</td>
<td>1.3K</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>MCD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$34.55</td>
<td>$33.25</td>
<td>$34.0</td>
<td>$280.00</td>
<td>$85.0K</td>
<td>1.3K</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>MCD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$35.55</td>
<td>$33.75</td>
<td>$34.0</td>
<td>$280.00</td>
<td>$85.0K</td>
<td>1.3K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$11.8</td>
<td>$11.7</td>
<td>$11.7</td>
<td>$305.00</td>
<td>$51.4K</td>
<td>233</td>
<td style="text-align: right;">88</td>
</tr>
</tbody>
</table>

<h3>About McDonald's</h3>
McDonald's is the largest restaurant owner-operator in the world, with 2023 system sales of $130 billion across nearly than 42,000 stores and 115 markets. McDonald's pioneered the franchise model, building its footprint through partnerships with independent restaurant franchisees and master franchise partners around the globe. The firm earns roughly 60% of its revenue from franchise royalty fees and lease payments, with most of the remainder coming from company-operated stores across its three core segments: the United States, internationally operated markets, and international developmental/licensed markets.
After a thorough review of the options trading surrounding McDonald's, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of McDonald's</h3>
<ul>
<li>With a volume of 1,354,123, the price of MCD is up 0.32% at $297.79. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 35 days.</li>
</ul>
<h3>Expert Opinions on McDonald's</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $324.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Neutral rating for McDonald's, targeting a price of $301. 
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on McDonald's with a target price of $290. 
&#x2A; An analyst from Tigress Financial has decided to maintain their Buy rating on McDonald's, which currently sits at a price target of $360. 
&#x2A; Consistent in their evaluation, an analyst from Loop Capital keeps a Buy rating on McDonald's with a target price of $342. 
&#x2A; Consistent in their evaluation, an analyst from Jefferies keeps a Buy rating on McDonald's with a target price of $330. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest McDonald's options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Check Out What Whales Are Doing With MCD

Investors with a lot of money to spend have taken a bearish stance on Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Philip Morris Intl.
This isn't normal.
The overall sentiment of these big-money traders is split between 27% bullish and 45%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $89,100, and 10, calls, for a total amount of $459,325.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $125.0 for Philip Morris Intl over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Philip Morris Intl's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Philip Morris Intl's whale activity within a strike price range from $90.0 to $125.0 in the last 30 days. 
<h3>Philip Morris Intl 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727118933_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.5</td>
<td>$12.3</td>
<td>$12.37</td>
<td>$110.00</td>
<td>$92.7K</td>
<td>6.4K</td>
<td style="text-align: right;">81</td>
</tr>
<tr>
<td>PM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.8</td>
<td>$1.7</td>
<td>$1.8</td>
<td>$115.00</td>
<td>$89.1K</td>
<td>48</td>
<td style="text-align: right;">508</td>
</tr>
<tr>
<td>PM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$11.0</td>
<td>$10.9</td>
<td>$10.95</td>
<td>$110.00</td>
<td>$85.4K</td>
<td>88</td>
<td style="text-align: right;">87</td>
</tr>
<tr>
<td>PM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$6.3</td>
<td>$6.1</td>
<td>$6.18</td>
<td>$115.00</td>
<td>$46.3K</td>
<td>75</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>PM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.1</td>
<td>$4.0</td>
<td>$4.1</td>
<td>$120.00</td>
<td>$41.0K</td>
<td>152</td>
<td style="text-align: right;">106</td>
</tr>
</tbody>
</table>

<h3>About Philip Morris Intl</h3>
Created from the international operations of Altria in 2008, Philip Morris International sells cigarettes and reduced-risk products, including heatsticks, vapes, and oral nicotine offerings primarily outside of the US. With the 2022 acquisition of Swedish Match, a leading manufacturer of traditional oral tobacco products and nicotine pouches primarily in the US and Scandinavia, PMI has not only diversified away from smokeable products but also gained a toehold into the US to sell its iQOS heatsticks.
<h3>Present Market Standing of Philip Morris Intl</h3>
<ul>
<li>With a trading volume of 1,936,636, the price of PM is up by 0.16%, reaching $120.98.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 29 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Philip Morris Intl</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $131.75.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for Philip Morris Intl, targeting a price of $145. 
&#x2A; An analyst from Stifel persists with their Buy rating on Philip Morris Intl, maintaining a target price of $138. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Philip Morris Intl, which currently sits at a price target of $139. 
&#x2A; An analyst from UBS persists with their Sell rating on Philip Morris Intl, maintaining a target price of $105. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Philip Morris Intl options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

A Closer Look at Philip Morris Intl's Options Market Dynamics

Deep-pocketed investors have adopted a bearish approach towards Merck &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRK#NYSE">MRK</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MRK usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Merck &amp; Co. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 2 are puts, totaling $84,071, and 9 are calls, amounting to $500,344.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $125.0 for Merck &amp; Co, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Merck &amp; Co stands at 3469.29, with a total volume reaching 7,958.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Merck &amp; Co, situated within the strike price corridor from $110.0 to $125.0, throughout the last 30 days.
<h3>Merck &amp; Co 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727118928_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$1.74</td>
<td>$1.65</td>
<td>$1.68</td>
<td>$117.00</td>
<td>$120.4K</td>
<td>0</td>
<td>1.0K</td>
</tr>
<tr>
<td>MRK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.77</td>
<td>$2.72</td>
<td>$2.72</td>
<td>$120.00</td>
<td>$98.3K</td>
<td>4.8K</td>
<td>64</td>
</tr>
<tr>
<td>MRK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$0.76</td>
<td>$0.72</td>
<td>$0.75</td>
<td>$120.00</td>
<td>$67.2K</td>
<td>9.8K</td>
<td>998</td>
</tr>
<tr>
<td>MRK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$9.95</td>
<td>$9.85</td>
<td>$9.89</td>
<td>$115.00</td>
<td>$49.4K</td>
<td>298</td>
<td>4</td>
</tr>
<tr>
<td>MRK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.0</td>
<td>$2.98</td>
<td>$2.98</td>
<td>$115.00</td>
<td>$45.2K</td>
<td>4.5K</td>
<td>468</td>
</tr>
</tbody>
</table>

<h3>About Merck &amp; Co</h3>
Merck makes pharmaceutical products to treat several conditions in a number of therapeutic areas, including cardiometabolic disease, cancer, and infections. Within cancer, the firm's immuno-oncology platform is growing as a major contributor to overall sales. The company also has a substantial vaccine business, with treatments to prevent pediatric diseases as well as human papillomavirus, or HPV. Additionally, Merck sells animal health-related drugs. From a geographical perspective, just under half of the company's sales are generated in the United States.
<h3>Current Position of Merck &amp; Co</h3>
<ul>
<li>With a trading volume of 3,262,924, the price of MRK is down by -1.08%, reaching $115.9.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 38 days from now.</li>
</ul>
<h3>Expert Opinions on Merck &amp; Co</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $155.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $155. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $155. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Merck &amp; Co with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Merck & Co Unusual Options Activity For September 23

Treasure Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>) shares are surging following the announcement of a strategic partnership with Credilab on 20 September 2024. The collaboration aims to leverage both companies&#8217; expertise and market resources to drive mutual growth and success. 
Additionally, on the same day, Mr. Anand Ramakrishnan, an independent director on Treasure Global&#8217;s Board, resigned immediately. His departure was not due to any dispute or disagreement with the company&#8217;s operations, policies or practices.
<h2 class="wp-block-heading">How To Buy Treasure Global Stock?</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Treasure Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGL#NASDAQ">TGL</a>)'s case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
TGL Price Action: Treasure Global shares were up by 64.3% at $1.11 according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="557" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23144355/TGL-1024x557.png" alt="" class="wp-image-561776" style="width:518px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23144355/TGL-1024x557.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23144355/TGL-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23144355/TGL-768x418.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/23144355/TGL.png 1077w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40989426/conservative-politics-threaten-germanys-cannabis-legalization-plan-whats-going-on">Conservative Politics Threaten Germany&#8217;s Cannabis Legalization Plan: What&#8217;s Going On?</a></li>
</ul>
Photo by solarseven on Shutterstock.

News

Movers

Why Treasure Global Shares Are Trading Higher Today

CMCSA

Comcast Launches "Janus" Initiative To Enhance Internet Connectivity Using Cloud And AI Technology, Virtualizing Its Core Network For Faster, More Reliable Service

LUCY

Vladimir Galkin Reports 21.1% Stake In Innovative Eyewear As Of September 16

Nabis is reshaping cannabis logistics with an approach that rivals Amazon's operational scale, serving over 400 brands and ensuring thousands of daily deliveries <a href="https://www.benzinga.com/cannabis">across California and Nevada. </a>
The company's five large warehouses and a fleet of over 100 trucks enable seamless pick-and-pack operations, allowing cannabis brands to focus on growth rather than the complexities of distribution.&nbsp;
"We are designed to remove the red tape and simplify the entire process for our clients," Sean Arroyo, President of Nabis told Benzinga Cannabis in an exclusive interview. By streamlining logistics, Nabis offers its partners the ability to reduce overhead, speed up delivery times, and navigate the regulatory maze, making it a vital player in the fragmented cannabis industry.
"Cannabis logistics is the backbone of the industry, and Nabis' focus is on making it simple for brands," Arroyo mentioned.&nbsp;
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can&#8217;t afford to miss out if you're serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Like Amazon, But For Cannabis Brands&nbsp;&nbsp;</h3>
<a href="https://www.nabis.com/">Nabis</a> is often compared to Amazon for its logistics-first approach, seamlessly handling everything from pick-and-pack to same-day shipping through its expansive network.
Operating out of five massive warehouses—each designed to function like Amazon's fulfillment centers—Nabis coordinates the movement of cannabis products with precision.&nbsp;
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172306/NABIS-warehouse-118-1024x683.jpg" alt="" class="wp-image-559786" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172306/NABIS-warehouse-118-1024x683.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172306/NABIS-warehouse-118-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172306/NABIS-warehouse-118-768x512.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172306/NABIS-warehouse-118-1536x1024.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172306/NABIS-warehouse-118.jpg 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Courtesy of Nabis </figcaption></figure>
"We're like an Amazon <a href="https://www.benzinga.com/markets/cannabis/24/06/39442869/2-9b-european-cannabis-market-a-strategic-blueprint-for-cross-border-transportation-logistics">shipping center</a>. You'll see rows of products being picked, packed, and shipped out daily," Arroyo explains. The scale is impressive, with over 100 trucks on the road, ensuring that cannabis products reach dispensaries in the shortest time possible.
Cannabis brands using the Nabis platform can track sales, manage inventory, and adjust shipments on the fly—giving them unparalleled control over their operations. "Technology is key to scaling in this industry. Without it, you're left behind," Arroyo added.
Cannabis brands can drop off their shipments at Nabi&#8217;s warehouses, where they are broken down into individual orders, re-boxed, and shipped to retailers with Amazon-like efficiency.&nbsp;
"We handle the complexities so brands can focus on growing their business, not worrying about logistics," Arroyo says. By providing these seamless, tech-driven solutions, Nabis helps <a href="https://www.benzinga.com/general/biotech/24/09/40743118/no-brand-no-problem-california-company-powers-top-weed-brands-behind-the-scenes-via-white-labelin">cannabis brands</a> reduce costs and focus on their core operations.
Read Also: <a href="https://www.benzinga.com/news/24/09/40941818/how-this-cheese-aging-tech-is-boosting-profits-for-cannabis-growers-stop-throwing-cheddar-out-the-do">How This Cheese-Aging Tech Is Boosting Profits For Cannabis Growers: Stop Throwing Cheddar Out The Door</a>
<h3 class="wp-block-heading">Thin Margins</h3>
While logistics is the most visible part of the operation, managing costs is equally critical. "Logistics, warehousing, gas, and personnel are major cost centers, but we aim to offer competitive pricing without compromising service quality," Arroyo noted.&nbsp;
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="1024" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172401/Sean-Arroyo-President-1024x1024.jpg" alt="" class="wp-image-559788" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172401/Sean-Arroyo-President-1024x1024.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172401/Sean-Arroyo-President-300x300.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172401/Sean-Arroyo-President-150x150.jpg 150w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172401/Sean-Arroyo-President-768x768.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172401/Sean-Arroyo-President.jpg 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Sean Arroyo &#8211; Nabis </figcaption></figure>
Nabis' technology investments are substantial, but Arroyo sees this as necessary for long-term growth. He highlighted the company's focus on thin margins: "Like Amazon, we operate with tight margins to ensure our partners get the best value. Our goal is not to charge excessive margins, but to enable brands to thrive."
<h3 class="wp-block-heading">Cold Storage And Compliance Complexity</h3>
In addition to mastering logistics, Nabis faces <a href="https://www.benzinga.com/general/biotech/24/09/40820581/want-organic-cannabis-operators-are-turning-to-this-tech-to-save-millions-and-get-certified">unique challenges</a> specific to cannabis products. Many require temperature-controlled environments, particularly sensitive items like edibles and<a href="https://www.benzinga.com/general/biotech/24/09/40754415/transforming-a-5-000-year-old-craft-how-weed-companies-use-data-to-make-hash-without-losing-its-a"> extracts</a>. "A lot of this has to be temperature controlled," says Arroyo, pointing to the specialized infrastructure within Nabis&#8217; warehouses designed to keep products fresh and safe during transit.
Another critical aspect of their operations is navigating the complex web of regulations that vary from state to state. 
&#8220;Cannabis logistics are highly fragmented due to differing state laws,&#8221; Arroyo noted. Nabis ensures full compliance with local laws, managing everything from security protocols to background checks, and licensing requirements.
Read Also: <a href="https://www.benzinga.com/general/biotech/23/08/33579692/cannabis-robots-meet-the-company-boosting-efficiency-and-margins-through-packaging-automation">Cannabis Robots: Meet The Company Boosting Efficiency And Margins Through Packaging Automation</a>
<h3 class="wp-block-heading">Data And AI: The Future Of Cannabis Distribution</h3>
Nabis is sitting on a wealth of data that has the potential to transform the industry. "Data is a huge part of everything we do. We're currently investing in AI to provide real-time analytics to our brands and retailers," Arroyo said.&nbsp;
Nabis' long-term goal is to make data accessible for brands to track their sales and plan for future demand. "We believe in democratizing our data. The more our partners grow, the more we grow. It's a win-win."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="683" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172454/NABIS-warehouse-42-1-1024x683.jpg" alt="" class="wp-image-559789" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172454/NABIS-warehouse-42-1-1024x683.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172454/NABIS-warehouse-42-1-300x200.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172454/NABIS-warehouse-42-1-768x512.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172454/NABIS-warehouse-42-1-1536x1024.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/21172454/NABIS-warehouse-42-1.jpg 1620w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Courtesy of Nabis </figcaption></figure>
<h3 class="wp-block-heading">Market Growth</h3>
California remains the most competitive market, with Nabis holding over 20% of the market share. "<a href="https://www.benzinga.com/topic/california-cannabis">California is tough</a>, but we've managed to thrive by offering best-in-class services," Arroyo said. 
Looking ahead, Nabis is focused on East Coast markets like New York <a href="https://www.benzinga.com/topic/florida-cannabis">and possibly Florida</a>, pending regulatory outcomes. 
Nabis also strategically chooses markets based on various factors. "We look at 50 different components when evaluating a new market, including regulations, purchasing power, and supplier ecosystem health. We are excited about New York's potential, but our expansion plans always depend on how the regulatory landscape evolves," he noted.&nbsp;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/08/40298228/think-you-can-do-it-all-20-000-reasons-why-automation-outperforms-a-broad-approach-in-cannabis">Think You Can Do It All? 20,000 Reasons Why Automation Outperforms A Broad Approach In Cannabis</a></li>
</ul>
Photo Courtesy of Nabis

Cannabis

Retail Sales

Management

Success Stories

Exclusives

Tech

Interview

AMZN

EXCLUSIVE: Inside The Amazon Of Weed, Helping 400 Cannabis Brands Save And Grow In Regulatory Maze

STLA

Stellantis Acknowledges CEO Succession Reports, States It's Normal For Board To Consider Topic With Over A Year Remaining On 5-Year Contract

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reached <a href="https://www.benzinga.com/money/bitcoin-price-prediction">a new local high</a> of $64,200 on Sep. 20, but analysts caution it must surpass the August high of $65,200, a level that has proved challenging since the all-time high of $73,666 in March.
What Happened: Until Bitcoin breaks this crucial resistance, the asset remains in a long-term downtrend, according to Bitfinex analysts.
In a report sent to Benzinga, the analysts highlighted that recent gains have been largely driven by perpetual and futures markets rather than spot market activity, which has notably slowed. 
Spot Cumulative Volume Delta—a key indicator of spot buying—has flattened, particularly once Bitcoin&#8217;s price moved past $63,500. 
This is a potential red flag for those looking for sustained upward momentum.
The Bitfinex team advocates for caution in the near term, stating, &#8220;We advocate taking a cautionary approach after the 22 percent rally we have seen in BTC. It is now entirely possible that the price could form a new range near current prices and consolidate for a period, as we have seen following similar previous price rallies.&#8221;
While the market's near-term movements have been positive, open interest in Bitcoin has outpaced price gains, indicating that the futures and perpetual markets are leading the charge.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985461/china-controls-55-of-bitcoin-hashrate-despite-crypto-ban-but-the-us-is-catching-up">China Controls 55% Of Bitcoin Hashrate Despite Crypto Ban, But The US Is Catching Up</a>
This decoupling of open interest and price is a cause for concern, as it suggests that leveraged positions are playing a larger role in recent market movements, making a short-term correction more likely.
In the broader market, some altcoins have surged over 100% from their August lows, but analysts also urge caution here, noting that open interest for altcoins has risen significantly without corresponding price breakouts.
On a positive note, renewed interest in spot Bitcoin ETFs, with $397.2 million in inflows last week, could provide the necessary push to break resistance levels. 
The report suggests that a breach of the August high, coupled with ongoing ETF inflows and a potential rally in traditional markets like the S&amp;P 500, could propel Bitcoin toward new highs.
What&#8217;s Next: These critical insights into Bitcoin's market movements and the ongoing fluctuations in the cryptocurrency landscape will be a key topic at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders and investors will discuss the future of Bitcoin, cryptocurrency regulation, and market dynamics.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985125/bitcoins-on-chain-metrics-are-turning-bullish-what-is-going-on">Bitcoin&#8217;s On-Chain Metrics Are Turning Bullish: What Is Going On?</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

Bitcoin's 22% Rally Isn't Enough, It Must Break August High To Overcome Downtrend, Bitfinex Analysts Say

I spent the past week at&nbsp;<a href="https://futureproofhq.com/" rel="">Future Proof Festival</a>, the premier conference for the wealth management industry. I participated on&nbsp;<a href="https://x.com/JayWoods3/status/1835729991327437130" rel="">a panel</a>, recorded&nbsp;<a href="https://www.bloomberg.com/news/audio/2024-09-19/lots-more-with-sam-ro-on-the-booming-world-of-rias-podcast" rel="">a podcast</a>, caught up with&nbsp;<a href="https://x.com/TheStalwart/status/1836467775965139391" rel="">some old friends</a>, and made many new ones!
My favorite part was seeing many existing subscribers and getting to know new subscribers who let me know what was and wasn&rsquo;t working for them with TKer and the other newsletters out there. It was extremely helpful, and I expect to incorporate some tweaks in the coming weeks and months.
One thing most subscribers seem to value are the charts and stats I curate from all the research that hits my inbox.
So without further ado, here are some charts and stats!
<h3>When The Fed Cuts Rates While Stocks Are At Record Highs</h3>
People often assume the Federal Reserve will cut interest rates only when the economy is in trouble. That&rsquo;s sort of true, but there&rsquo;s a lot of nuance.
One observation that many folks have been making is that the&nbsp;<a href="https://www.tker.co/p/federal-reserve-rate-cut-september-2024" rel="">Fed&rsquo;s recent rate cut</a>&nbsp;is coinciding with a stock market near record highs. How can that make sense?
It actually happens to be the case that it&rsquo;s not unusual for the Fed to cut rates with stocks near record highs. From&nbsp;<a href="https://x.com/RyanDetrick/status/1836791151073923304/" rel="">Carson Group&rsquo;s Ryan Detrick</a>: &ldquo;Here are the 20 times the Fed cut rates when the S&amp;P 500 was within 2% of an [all-time high] (based on the day before the cut). Higher a yr later all 20 times and up 13.9% on avg. [Wednesday] was the 21st time.&ldquo;
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6330151-25f2-4057-a216-13cccac1893e_1037x373.jpeg" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fa6330151-25f2-4057-a216-13cccac1893e_1037x373.jpeg" style="height:373px; width:1037px" /></a>
(Source:&nbsp;<a href="https://x.com/RyanDetrick/status/1836791151073923304/" rel="">@RyanDetrick</a>)
Here&rsquo;s a more detailed look at those historical instances.
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe771367a-c085-4315-8314-fdaa5d9a825f_975x621.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe771367a-c085-4315-8314-fdaa5d9a825f_975x621.png" style="height:621px; width:975px" /></a>
(Source:&nbsp;<a href="https://x.com/RyanDetrick/status/1836791151073923304/" rel="">@RyanDetrick</a>)
There&rsquo;s&nbsp;<a href="https://www.tker.co/p/federal-reserve-rate-cut-september-2024" rel="">a lot to be said</a>&nbsp;about monetary policy. For our purposes, one thing we can say is that a rate cut when stocks are at record highs historically hasn&rsquo;t been a bad sign for long-term investors.
<h3>Tariffs Are Bad For Exposed Industries</h3>
That&nbsp;<a href="https://www.tker.co/p/corporate-tax-reform-vs-earnings-chart" rel="">outlook for policy</a>&nbsp;is a hot topic these days as the presidential nominees make their pitches ahead of the&nbsp;<a href="https://www.tker.co/p/us-presidents-stock-market-performance" rel="">U.S. presidential election</a>.
One controversial proposal involves tariffs on goods imported into the U.S.
Generally speaking, tariffs are considered bad news for the industries exposed. From Morgan Stanley Wealth Management: &ldquo;In January 2018, Trump imposed tariffs on solar panels and washing machines of 30% to 50%. In March 2018, he imposed tariffs of 25% on steel and 10% on aluminum from most countries, which, according to Morgan Stanley &amp; Co. Research, covered an estimated 4.1% percent of US imports. Following these measures, industries impacted by the tariffs underperformed. For example, both the Invesco Solar ETF and the VanEck Steel ETF declined by more than 11% in the first six months following enactment (see Exhibit 8). Tariff related pressures and trade uncertainty at the time caused both solar and steel to underperform the S&amp;P 500 until mid-2019.&ldquo;
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7017d94c-f2ca-4065-82a1-3c484187fc0a_900x652.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F7017d94c-f2ca-4065-82a1-3c484187fc0a_900x652.png" style="height:652px; width:900px" /></a>
(Source: Morgan Stanley Wealth)
<h3>Reshoring Remains A&nbsp;Hot Topic</h3>
The COVID-19 pandemic exposed a lot of&nbsp;<a href="https://www.tker.co/p/supply-chain-crisis-over" rel="">vulnerabilities in the global supply chain</a>. Many big companies have responded by moving links of their supply chain to the U.S. or closer to the U.S.
And they continue to talk about these plans. BofA&rsquo;s Savita Subramanian addressed it in a note to clients on Thursday: &ldquo;Reshoring and near-shoring commentary is evident across a broad array of corporates. Reshoring mentions on earnings calls continue to climb&hellip;&ldquo;
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5e91b2a6-62b6-4614-9861-173443179f6a_1632x814.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5e91b2a6-62b6-4614-9861-173443179f6a_1632x814.png" style="height:311px; width:624px" /></a>
(Source: BofA)
This is could be bullish for&nbsp;<a href="https://www.tker.co/p/economic-data-will-zig-zag" rel="">capex spending</a>, which is bullish for economic activity.
<h3>AI Is A&nbsp;Tailwind For Profit Margins</h3>
<a href="https://www.tker.co/p/profit-margins-rise-q2-2024" rel="">Stubbornly high profit margins</a>&nbsp;continue to surprise many. Are they sustainable?
<a href="https://www.tker.co/p/2025-stock-market-preview-operating-leverage" rel="">In the near-term</a>, the answer seems to be yes. Analysts expect companies to benefit from operating leverage as modest revenue growth leads to strong earnings growth.
Longer term, companies are expected to benefit from improved efficiencies thanks to the deployment of&nbsp;<a href="https://www.tker.co/p/ai-technology-demand-for-authentic-nostalgia" rel="">AI-technologies</a>.
BofA&nbsp;<a href="https://institute.bankofamerica.com/transformation/ai-evolution-to-revolution.html" rel="">recently surveyed</a>&nbsp;its analysts about the impact of AI: &ldquo;BofA Global Research analysts found that enterprise AI implementations are moving from pilots to production, which could boost S&amp;P operating margins by 200 basis points (bps) over the next five years, equivalent to approximately $55 billion in cost savings, annually. Surveyed analysts expect AI to drive margin expansion for 23 of the 25 industry groups globally, with implementations potentially boosting both semis and software margins by around five percent. They also note that companies within semis and software may also see AI-driven revenue increase by 34% and 25%, respectively, over the next five years.&ldquo;
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf7756f9-f8c6-4f9a-8b08-654af53225ae_1410x1578.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fcf7756f9-f8c6-4f9a-8b08-654af53225ae_1410x1578.png" style="height:450px; width:402px" title="" /></a>
(Source:&nbsp;<a href="https://institute.bankofamerica.com/transformation/ai-evolution-to-revolution.html" rel="">BofA</a>)
<h3>Earnings Growth Is Broadening Out</h3>
For a little while, earnings growth had been largely driven by the big tech and communication services companies, particularly the so-called &ldquo;<a href="https://www.tker.co/p/sp493-magnificent-seven-market-concentration" rel="">Magnificent Seven</a>.&rdquo;
Those concerned about&nbsp;<a href="https://www.tker.co/p/sp493-magnificent-seven-market-concentration" rel="">market concentration</a>&nbsp;can find solace in the fact that more companies across industries are expected to contribute to the stock market&rsquo;s earnings prospects. From BlackRock&rsquo;s&nbsp;<a href="https://x.com/SamRo/status/1833190565820747894" rel="">Sept. 9 note</a>&nbsp;to clients: &ldquo;We see a narrowing gap in earnings growth between U.S. tech companies and the rest of the market &ndash; even if tech still leads the way &ndash; suggesting U.S. equity returns can broaden.&ldquo;
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00d36ff0-00d2-47d8-8e24-9f431f623ffd_1594x1068.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F00d36ff0-00d2-47d8-8e24-9f431f623ffd_1594x1068.png" style="height:418px; width:624px" /></a>
(Source: BlackRock)
<h3>More Stocks Are Outperforming In Q3</h3>
As we always say, earnings are the&nbsp;<a href="https://www.tker.co/p/chart-earnings-drive-stock-prices" rel="">most important long-term driver</a>&nbsp;of stock prices (see&nbsp;<a href="https://www.tker.co/p/stock-market-historical-facts" rel="">TKer Stock Market Truth No. 5</a>). And so if earnings growth prospects are broadening out, then it shouldn&rsquo;t be too surprising to learn that stock price growth is broadening out.
BMO&rsquo;s Brian Belski flagged an interesting stat about this topic in his note to clients on Thursday (emphasis added): &ldquo;It is no secret that a handful of mega-cap tech stocks have been the driving force behind market gains for much of the past two years and this has led to concentration worries amongst investors given the bloated valuations of some of these stocks. However, an interesting development has occurred alongside the most recent market rebound during 3Q &ndash; these stocks have underperformed the rest of the index for the first time in nearly two years and is something we find reassuring since the S&amp;P 500 is nearing records again without this segment of the market leading the way. In addition,&nbsp;participation levels have also improved dramatically since 3Q started as 339 S&amp;P 500 stocks have outperformed the broader index &ndash; the highest level in about 22 years.&ldquo;
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67c6f238-0ccd-48d3-a684-a1a7c42d37b1_1830x1106.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F67c6f238-0ccd-48d3-a684-a1a7c42d37b1_1830x1106.png" style="height:377px; width:624px" /></a>
(Source: BMO)
<h3>Earnings Usually Go&nbsp;Up</h3>
The U.S. stock market has been going up for&nbsp;<a href="https://www.tker.co/p/long-term-chart-us-stock-prices-since-1824" rel="">a very long time</a>. Why?
Because earnings have been going up for&nbsp;<a href="https://www.tker.co/p/earnings-expectations-not-falling-apart" rel="">a very long time</a>. Just take a look at this very long-term chart of S&amp;P 500 earnings per share from Deutsche Bank:
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eb8e2a2-b8f2-495d-873f-a245813f193d_2128x1422.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2eb8e2a2-b8f2-495d-873f-a245813f193d_2128x1422.png" style="height:417px; width:624px" title="" /></a>
(Source: Deutsche Bank)
<h3>This Bull Market Is Young</h3>
We&rsquo;re almost two years into&nbsp;<a href="https://www.tker.co/p/bull-market-june-2023" rel="">this bull market</a>. Does that mean we&rsquo;re nearing the end of this rally?
On Friday, All Star Charts&rsquo; Grant Hawkridge&nbsp;<a href="https://x.com/granthawkridge/status/1837021675893969096/" rel="">charted</a>&nbsp;the path of history&rsquo;s bull markets. &ldquo;So far, it is below-average,&ldquo; he&nbsp;<a href="https://x.com/granthawkridge/status/1836907262650257910" rel="">said</a>.
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4606b390-6405-4e22-b7a5-5977f9ab7357_1558x1034.jpeg" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F4606b390-6405-4e22-b7a5-5977f9ab7357_1558x1034.jpeg" style="height:414px; width:624px" /></a>
(Source:&nbsp;<a href="https://x.com/granthawkridge/status/1837021675893969096/" rel="">@GrantHawkridge</a>)
Grant shared a more detailed look at the historical numbers. The median bull market lasted 978 trading days. The average was 1,131 days.
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f637219-96fc-4823-908f-7c5e641b23bc_2198x1122.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F9f637219-96fc-4823-908f-7c5e641b23bc_2198x1122.png" style="height:318px; width:624px" /></a>
(Source:&nbsp;<a href="https://x.com/granthawkridge/status/1836907262650257910/" rel="">@GrantHawkridge</a>)
<h3>When The Yield Curve Disinverts</h3>
As TKer subscribers know, I&rsquo;m not crazy about reading too much into single metric market indicators like the yield curve.&nbsp;More&nbsp;<a href="https://www.tker.co/p/yield-curve-inversion-recession-stocks-signal" rel="">here</a>&nbsp;and&nbsp;<a href="https://www.tker.co/p/dont-forecast-economy-with-single-metric" rel="">here</a>.
That said, the yield curve gets a lot of attention and it&nbsp;<a href="https://www.bloomberg.com/news/articles/2024-09-04/us-yield-curve-disinverts-as-soft-labor-data-fuels-fed-cut-bets" rel="">recently disinverted</a>.
Here&rsquo;s what Goldman Sachs recently observed about yield curve disinversions and the stock market: &ldquo;On average, US equities delivered the strongest forward returns if the US economy was already in a recession at the time of the US 2s10s dis-inversion &ndash; the market usually would have already sold off at the start of the recession and rebounded not long after the yield curve dis-inverted. Unsurprisingly, equity prices tended to consolidate if the yield curve dis-inversion was followed by a recession within the following year. On the other hand, equities typically delivered positive albeit low returns if the US economy avoided a recession.&rdquo;
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17f81a2b-7e3b-4cfe-bd02-c89e35baa882_1448x1202.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F17f81a2b-7e3b-4cfe-bd02-c89e35baa882_1448x1202.png" style="height:518px; width:624px" /></a>
(Source: Goldman Sachs)
Long story short, the real signal comes from whether or not the economy goes into recession, which the yield curve hasn&rsquo;t been particularly helpful in predicting lately.
<h3>Much Of The Stock Market&rsquo;s Gains Have Come When The Market Is Closed</h3>
Bespoke Investment Group makes some of the most fascinating observations in their killer research.
In their Sept. 13 note to clients, they observed: &ldquo;&hellip;this year, nearly all of the market&rsquo;s gains have come from moves outside of regular trading hours. As shown, had you hypothetically bought SPY at the close every day and sold it as the next open, you&rsquo;d be up 13.8% this year. Had you done the opposite and bought SPY at the open every trading day and sold it at that day&rsquo;s close, you&rsquo;d be up just 3.3%.&ldquo;
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F19b7ae4d-64f2-405a-855a-681e07fea0d1_1910x1028.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F19b7ae4d-64f2-405a-855a-681e07fea0d1_1910x1028.png" style="height:336px; width:624px" /></a>
(Source: Bespoke)
Who knows what explains this phenomenon? And who knows if it&rsquo;ll continue?
All I know is I&rsquo;m not crazy about trading in and out of the market at such a high frequency.
In fact, one of my favorite quotes about investing&nbsp;<a href="https://www.tker.co/p/best-investment-advice-time" rel="">comes from Bespoke&rsquo;s Paul Hickey</a>: &ldquo;A one-day holding period, it&rsquo;s a coin flip. The longer you&rsquo;re willing to stick to it, the better. &hellip; Markets have never been down over a 16 year stretch or longer. Time heals in the markets.&rdquo;
A version of this post was originally published on <a href="https://www.tker.co/p/stock-market-charts-september-2024?publication_id=26696&amp;post_id=149001094&amp;isFreemail=true&amp;r=2dvdoy&amp;triedRedirect=true">Tker.co</a>.

General

10 Charts To Consider With Stocks At All-Time Highs

Over the past 24 hours, Immutable's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">IMX</a>) price has risen 7.85% to $1.8. This continues its positive trend over the past week where it has experienced a 46.0% gain, moving from $1.23 to its current price. As it stands right now, the coin's all-time high is $9.52. 
The chart below compares the price movement and volatility for Immutable over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1727118226_0.png" alt="price_chart" />
Immutable's trading volume has climbed 143.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.09%. This brings the circulating supply to 1.61 billion, which makes up an estimated 80.26% of its max supply of 2.00 billion. According to our data, the current market cap ranking for IMX is #37 at $2.89 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1727118226_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$IMX

Cryptocurrency Immutable Rises More Than 7% In 24 hours

Over the past 24 hours, Aave's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>) price has risen 11.57% to $176.96. This continues its positive trend over the past week where it has experienced a 24.0% gain, moving from $141.12 to its current price. As it stands right now, the coin's all-time high is $661.69. 
The chart below compares the price movement and volatility for Aave over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1727118156_0.png" alt="price_chart" />
Aave's trading volume has climbed 47.0% over the past week along with the circulating supply of the coin, which has increased 0.09%. This brings the circulating supply to 14.94 million, which makes up an estimated 93.35% of its max supply of 16.00 million. According to our data, the current market cap ranking for AAVE is #41 at $2.64 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1727118157_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$AAVE

Cryptocurrency Aave Up More Than 11% In 24 hours

Over the past 24 hours, Uniswap's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/uni/usd">UNI</a>) price rose 3.9% to $6.88. This continues its positive trend over the past week where it has experienced a 8.0% gain, moving from $6.37 to its current price. As it stands right now, the coin's all-time high is $44.92. 
The chart below compares the price movement and volatility for Uniswap over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1727118147_0.png" alt="price_chart" />
Uniswap's trading volume has climbed 38.0% over the past week along with the circulating supply of the coin, which has increased 0.27%. This brings the circulating supply to 753.77 million, which makes up an estimated 75.38% of its max supply of 1.00 billion. According to our data, the current market cap ranking for UNI is #23 at $5.19 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1727118147_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$UNI

Cryptocurrency Uniswap's Price Increased More Than 3% Within 24 hours

Richtech Robotics Shares Halted To The Upside; Stock Now Up 22.68%

<a href="https://x.com/NVIDIARobotics/status/1838287957624827958" title="https://x.com/NVIDIARobotics/status/1838287957624827958">https://x.com/NVIDIARobotics/status/1838287957624827958</a>

NVDA

Watching Shares Of Richtech Robotics, NVIDIA Robotics Post On X, "Discover Scorpion, the AI-powered robot by @RichtechRobots , offering customized drink recommendations based on your preferences and mood."

Over the past 24 hours, Cardano's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ada/usd">ADA</a>) price rose 3.01% to $0.36. This continues its positive trend over the past week where it has experienced a 9.0% gain, moving from $0.33 to its current price. As it stands right now, the coin's all-time high is $3.09. 
The chart below compares the price movement and volatility for Cardano over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1727118076_0.png" alt="price_chart" />
The trading volume for the coin has risen 4.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.02%. This brings the circulating supply to 35.68 billion, which makes up an estimated 79.29% of its max supply of 45.00 billion. According to our data, the current market cap ranking for ADA is #12 at $12.84 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1727118076_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$ADA

Cardano Rises More Than 3% In 24 hours

Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) has been analyzed by 23 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $174.48, a high estimate of $200.00, and a low estimate of $147.00. This upward trend is apparent, with the current average reflecting a 0.97% increase from the previous average price target of $172.81.
<img src="https://www.benzinga.com/files/images/story/2024/1727118068_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The analysis of recent analyst actions sheds light on the perception of Target by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$180.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$195.00</td>
<td>$195.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$167.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Paul Lejuez</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$188.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>George Kelly</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Steven Shemesh</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$177.00</td>
<td>$174.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Oliver Chen</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$180.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Corey Tarlowe</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$162.00</td>
<td>$156.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$160.00</td>
<td>$158.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Raises</td>
<td>Hold</td>
<td>$165.00</td>
<td>$147.00</td>
</tr>
<tr>
<td>Bill Kirk</td>
<td>Roth MKM</td>
<td>Raises</td>
<td>Neutral</td>
<td>$157.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Robert Ohmes</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Simeon Gutman</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$180.00</td>
<td>$180.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$190.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$190.00</td>
<td>$190.00</td>
</tr>
<tr>
<td>Rupesh Parikh</td>
<td>Oppenheimer</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$180.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Mark Astrachan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Hold</td>
<td>$147.00</td>
<td>$170.00</td>
</tr>
<tr>
<td>George Kelly</td>
<td>Wells Fargo</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$160.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Christopher Horvers</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$153.00</td>
<td>$165.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$156.00</td>
<td>$153.00</td>
</tr>
<tr>
<td>Peter Keith</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Neutral</td>
<td>$156.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Target. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Target compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Target's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Target's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/TGT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Target analyst ratings.</a>
<h2>Unveiling the Story Behind Target</h2>
Target serves as the nation's seventh-largest retailer, with its strategy predicated on delivering a gratifying in-store shopping experience and a wide product assortment of trendy apparel, home goods, and household essentials at competitive prices. Target's upscale and stylish image began to carry national merit in the 1990s—a decade in which the brand saw its top line grow threefold to almost $30 billion—and has since cemented itself as a leading US retailer.Today, Target operates over 1,950 stores in the United States, generates over $100 billion in sales, and fulfills over 2 billion customer orders annually. The firm's vast physical footprint is typically concentrated in urban and suburban markets as the firm seeks to attract a more affluent consumer base.
<h3>Key Indicators: Target's Financial Health</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Target's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 2.74%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Target's net margin is impressive, surpassing industry averages. With a net margin of 4.68%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Target's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.43% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Target's ROA excels beyond industry benchmarks, reaching 2.15%. This signifies efficient management of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.3.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Breaking: Wall Street's Next Big Mover
Benzinga's #1 analyst just identified a stock poised for explosive growth. This under-the-radar company could surge 200%+ as major market shifts unfold. <a href="https://www.benzinga.com/premium/ideas/turning-point-trader-checkout-2/?t=Tu1tu3arja3be22tu36&amp;utm_source=benzinga-insights">Click here for urgent details</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Unveiling 23 Analyst Insights On Target

Financial giants have made a conspicuous bearish move on Accenture. Our analysis of options history for Accenture (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) revealed 15 unusual trades.
Delving into the details, we found 26% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $340,304, and 6 were calls, valued at $435,326.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $280.0 to $350.0 for Accenture during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Accenture stands at 328.11, with a total volume reaching 2,306.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Accenture, situated within the strike price corridor from $280.0 to $350.0, throughout the last 30 days.
<h3>Accenture Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727118063_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$7.3</td>
<td>$6.4</td>
<td>$7.3</td>
<td>$345.00</td>
<td>$215.3K</td>
<td style="text-align: right;">394</td>
<td style="text-align: right;">569</td>
</tr>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$7.5</td>
<td>$7.3</td>
<td>$7.3</td>
<td>$345.00</td>
<td>$63.5K</td>
<td style="text-align: right;">394</td>
<td style="text-align: right;">656</td>
</tr>
<tr>
<td>ACN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$10.5</td>
<td>$10.3</td>
<td>$10.5</td>
<td>$337.50</td>
<td>$53.5K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">119</td>
</tr>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$15.3</td>
<td>$14.7</td>
<td>$14.9</td>
<td>$335.00</td>
<td>$50.6K</td>
<td style="text-align: right;">318</td>
<td style="text-align: right;">34</td>
</tr>
<tr>
<td>ACN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$10.5</td>
<td>$10.3</td>
<td>$10.5</td>
<td>$337.50</td>
<td>$49.3K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">166</td>
</tr>
</tbody>
</table>

<h3>About Accenture</h3>
Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services. These services run the gamut from aiding enterprises with digital transformation to procurement services to software system integration. The company provides its IT offerings to a variety of sectors, including communications, media and technology, financial services, health and public services, consumer products, and resources. Accenture employs just under 500,000 people throughout 200 cities in 51 countries.
Having examined the options trading patterns of Accenture, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Accenture's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,080,140, the ACN's price is up by 0.43%, now at $337.68. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 3 days.</li>
</ul>
<h3>What The Experts Say On Accenture</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $359.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Hold rating for Accenture, targeting a price of $321. 
&#x2A; An analyst from Mizuho has decided to maintain their Outperform rating on Accenture, which currently sits at a price target of $365. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Accenture with a target price of $405. 
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on Accenture, which currently sits at a price target of $376. 
&#x2A; An analyst from Piper Sandler persists with their Neutral rating on Accenture, maintaining a target price of $329. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Accenture options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Accenture Unusual Options Activity For September 23

11 analysts have expressed a variety of opinions on Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $290.27, a high estimate of $315.00, and a low estimate of $260.00. This current average has increased by 1.0% from the previous average price target of $287.40. 
<img src="https://www.benzinga.com/files/images/story/2024/1727118058_0_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
A comprehensive examination of how financial experts perceive Tractor Supply is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Karen Short</td>
<td>Melius Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$315.00</td>
<td>-</td>
</tr>
<tr>
<td>Anthony Chukumba</td>
<td>Loop Capital</td>
<td>Raises</td>
<td>Hold</td>
<td>$260.00</td>
<td>$250.00</td>
</tr>
<tr>
<td>Oliver Wintermantel</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$280.00</td>
<td>$290.00</td>
</tr>
<tr>
<td>John Lawrence</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$280.00</td>
<td>$280.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$270.00</td>
<td>$270.00</td>
</tr>
<tr>
<td>Scot Ciccarelli</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$293.00</td>
<td>$289.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$300.00</td>
<td>$305.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$305.00</td>
<td>$305.00</td>
</tr>
<tr>
<td>Zachary Fadem</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$295.00</td>
<td>$285.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$305.00</td>
<td>$305.00</td>
</tr>
<tr>
<td>Oliver Wintermantel</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$290.00</td>
<td>$295.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Tractor Supply. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Tractor Supply compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Tractor Supply's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Tractor Supply's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/TSCO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Tractor Supply analyst ratings.</a>
<h2>Discovering Tractor Supply: A Closer Look</h2>
Tractor Supply is the largest operator of retail farm and ranch stores in the United States. The company targets recreational farmers and ranchers and has little exposure to commercial and industrial farm operations. Currently, the company operates 2,254 of its namesake banners in 49 states, including 81 Orscheln Farm and Home stores (rebranded as Tractor Supply), along with 205 Petsense by Tractor Supply stores. Stores are generally concentrated in rural communities, as opposed to urban and suburban areas. In fiscal 2023, revenue consisted primarily of livestock, equine &amp; agriculture (27%), companion animal (25%), and seasonal &amp; recreation (22%).
<h3>Breaking Down Tractor Supply's Financial Performance</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Positive Revenue Trend: Examining Tractor Supply's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 1.48% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: Tractor Supply's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.01% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 19.2%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Tractor Supply's ROA excels beyond industry benchmarks, reaching 4.4%. This signifies efficient management of assets and strong financial health.
Debt Management: Tractor Supply's debt-to-equity ratio is below the industry average. With a ratio of 2.22, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Understanding the Relevance of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TSCO

Tractor Supply Stock: A Deep Dive Into Analyst Perspectives (11 Ratings)

Investors with a lot of money to spend have taken a bullish stance on Forward Air (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FWRD#NASDAQ">FWRD</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with FWRD, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Forward Air.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 20%, bearish.
Out of all of the options we uncovered, 9 are puts, for a total amount of $1,897,615, and there was 1 call, for a total amount of $51,040.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $30.0 and $55.0 for Forward Air, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Forward Air options trades today is 2341.25 with a total volume of 5,030.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Forward Air's big money trades within a strike price range of $30.0 to $55.0 over the last 30 days.
<h3>Forward Air Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727118058_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FWRD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$25.5</td>
<td>$23.5</td>
<td>$23.5</td>
<td>$55.00</td>
<td>$655.6K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">115</td>
</tr>
<tr>
<td>FWRD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$25.5</td>
<td>$23.4</td>
<td>$23.5</td>
<td>$55.00</td>
<td>$331.3K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">494</td>
</tr>
<tr>
<td>FWRD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$25.5</td>
<td>$22.1</td>
<td>$23.5</td>
<td>$55.00</td>
<td>$235.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">812</td>
</tr>
<tr>
<td>FWRD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$25.5</td>
<td>$22.0</td>
<td>$23.5</td>
<td>$55.00</td>
<td>$235.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">695</td>
</tr>
<tr>
<td>FWRD</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/15/27</td>
<td>$25.5</td>
<td>$22.0</td>
<td>$23.5</td>
<td>$55.00</td>
<td>$178.6K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">570</td>
</tr>
</tbody>
</table>

<h3>About Forward Air</h3>
Forward Air Corp is an asset-light freight and logistics company. The company's operating segment includes Expedited Freight and Intermodal. The company generates maximum revenue from the Expedited Freight segment. The expedited Freight segment operates a comprehensive national network to provide expedited regional, inter-regional, and national LTL (less-than-truckload) services. It also offers customers local pick-up and delivery and other services including final mile, truckload, shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. The Company conducts business in the United States, Canada, and Mexico.
After a thorough review of the options trading surrounding Forward Air, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Forward Air</h3>
<ul>
<li>Trading volume stands at 461,305, with FWRD's price up by 1.67%, positioned at $36.54.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 35 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Forward Air options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

FWRD

Unpacking the Latest Options Trading Trends in Forward Air

Equity Outlook: High Valuations And Higher-For-Longer Rates

Higher Correlation Of Multi-Asset Returns - Temporary Legacy Of Covid Or Permanent Change?

Market shifting focus to softening growth from inflation, Morgan Stanley and BofA say

First Trust Capital Strength ETF declares $0.2843 dividend

Beyond Money Markets: Maximizing Your Cash

Taking Stock: Q3 2024 Equity Market Outlook

Beware The 'Relative Value' Trap

Fresh Thinking On Active Investing In U.S. Large-Cap Stocks

Shifting Narratives: What The Highs And Lows Mean For Expectations

As Market Risks Linger, Is Now The Time To Consider Low Volatility Investments?

ACSI

ACVF

AESR

AFLG

AFMC

ANEW

ANGL

APRT

APRW

ARKK

ARKQ

AVEM

AVES

AVUS

BAPR

BAUG

BBCB

BBEU

BBHY

BBMC

BBUS

BFOR

BIBL

BJUL

BJUN

BKHY

BKLC

BKMC

BMAR

BMAY

BMVP

BOCT

BOTZ

BOUT

BSJO

BSJP

BSJQ

BSJR

BSJS

BSJT

BUFF

BUZZ

BWVTF

CATH

CHGX

CORP

COST

CSTNL

DBEM

DBEU

DBEZ

DDIV

DEMZ

DEUS

DFAU

DFEN

DFEV

DFHY

DGRW

DIEM

DRSK

DSTL

DTEC

DUSA

DVLU

DVOL

DYNF

EFIV

EJUL

EMCR

EMXC

EQAL

EQWL

ESGA

ESGE

ESGU

ESGV

ESGY

ETHO

EUDG

EUDV

EURL

EUSA

EUSC

FALN

FCOR

FCPI

FCTR

FDHY

FDLO

FDWM

FEUZ

FFSM

FFTY

FLCO

FLEE

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Get Our Top Trade Ideas Delivered Daily - 65% Off Now

Comments

First Trust Capital Strength ETF

Overview

First Trust Capital Strength ETF (NASDAQ:FTCS), Quote.Headers.trade-ideas