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TSLA

Stellantis NV (NYSE: STLA) shifting engineering recruitment to lower-cost countries due to cheaper Chinese EVs and CEO criticism, stock up 38% in last 12 months.

Stellantis Adapts to EV Challenge, Follows Tesla&#39;s Lead by Cutting Costs Through Global Job Shifts

<p>BTIG  analyst Peter Saleh   maintains Shake Shack (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) with a Buy and raises the price target from $120 to $125.</p>


Price Target

Analyst Ratings

SHAK

BTIG Maintains Buy on Shake Shack, Raises Price Target to $125

<p>Barclays  analyst Theresa Chen   maintains Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) with a Overweight and lowers the price target from $221 to $195.</p>


Barclays Maintains Overweight on Marathon Petroleum, Lowers Price Target to $195

<p>Barclays  analyst Dan Levy   maintains Magna International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGA#NYSE">MGA</a>) with a Equal-Weight and lowers the price target from $62 to $60.</p>


Barclays Maintains Equal-Weight on Magna International, Lowers Price Target to $60

<p>Barclays  analyst Michael Leithead   maintains LyondellBasell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) with a Equal-Weight and raises the price target from $100 to $104.</p>


Barclays Maintains Equal-Weight on LyondellBasell Industries, Raises Price Target to $104

<p>Barclays  analyst David Strauss   maintains Leidos Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) with a Overweight and raises the price target from $145 to $160.</p>


LDOS

Barclays Maintains Overweight on Leidos Holdings, Raises Price Target to $160

<p>Barclays  analyst Andrew Lazar   maintains Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) with a Equal-Weight and raises the price target from $60 to $64.</p>


Barclays Maintains Equal-Weight on Kellanova, Raises Price Target to $64

<p>Argus Research  analyst Kevin Heal   maintains Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) with a Buy and raises the price target from $440 to $460.</p>


Argus Research Maintains Buy on Ameriprise Finl, Raises Price Target to $460

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Pinterest</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PINS, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 8 options trades for <strong>Pinterest</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 25% bullish and 75%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $47,680, and 7, calls, for a total amount of $1,311,007.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $33.0 to $44.0 for Pinterest during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Pinterest's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Pinterest's substantial trades, within a strike price spectrum from $33.0 to $44.0 over the preceding 30 days.</p>
<h3>Pinterest Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715010356_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$7.3</td>
<td>$7.1</td>
<td>$7.3</td>
<td>$33.00</td>
<td>$507.4K</td>
<td>2.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$7.35</td>
<td>$7.3</td>
<td>$7.35</td>
<td>$33.00</td>
<td>$371.9K</td>
<td>2.3K</td>
<td>5</td>
</tr>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$7.35</td>
<td>$7.2</td>
<td>$7.2</td>
<td>$33.00</td>
<td>$201.6K</td>
<td>2.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$7.35</td>
<td>$7.25</td>
<td>$7.25</td>
<td>$33.00</td>
<td>$116.7K</td>
<td>2.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.39</td>
<td>$2.3</td>
<td>$2.39</td>
<td>$35.00</td>
<td>$47.6K</td>
<td>241</td>
<td>110</td>
</tr>
</tbody>
</table>
</p>
<h3>About Pinterest</h3>
<p>Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from cooking recipes to travel destinations. Founded in 2010, the platform consists of a largely female audience, which accounts for roughly two thirds of its nearly 500 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features. About 20% of users reside in the US and Canada, but the region accounted for about 80% of revenue in 2023.</p>
<p>Having examined the options trading patterns of Pinterest, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Pinterest's Current Market Status</h3>
<ul>
<li>With a volume of 2,737,851, the price of PINS is up 0.07% at $40.44. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 85 days.</li>
</ul>
<p>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 Pinterest options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Markets

PINS

Looking At Pinterest's Recent Unusual Options Activity

<p>Financial giants have made a conspicuous bullish move on Dell Technologies. Our analysis of options history for Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) revealed 20 unusual trades.</p>
<p>Delving into the details, we found 45% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $240,105, and 16 were calls, valued at $947,123.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $100.0 to $145.0 for Dell Technologies over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>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 Dell Technologies'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 Dell Technologies's whale trades within a strike price range from $100.0 to $145.0 in the last 30 days. </p>
<h3>Dell Technologies Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715010351_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$11.5</td>
<td>$11.4</td>
<td>$11.5</td>
<td>$125.00</td>
<td>$159.8K</td>
<td>6.8K</td>
<td style="text-align: right;">247</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.9</td>
<td>$2.85</td>
<td>$2.85</td>
<td>$110.00</td>
<td>$129.7K</td>
<td>1.2K</td>
<td style="text-align: right;">479</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$5.6</td>
<td>$5.4</td>
<td>$5.55</td>
<td>$140.00</td>
<td>$111.0K</td>
<td>8.0K</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$7.9</td>
<td>$7.8</td>
<td>$7.8</td>
<td>$135.00</td>
<td>$101.4K</td>
<td>3.4K</td>
<td style="text-align: right;">307</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$7.7</td>
<td>$7.6</td>
<td>$7.69</td>
<td>$135.00</td>
<td>$84.6K</td>
<td>3.4K</td>
<td style="text-align: right;">134</td>
</tr>
</tbody>
</table>
</p>
<h3>About Dell Technologies</h3>
<p>Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium personal computers and enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell is vertically integrated but has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.</p>
<h3>Present Market Standing of Dell Technologies</h3>
<ul>
<li>With a trading volume of 2,419,003, the price of DELL is up by 1.96%, reaching $127.56.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 24 days from now.</li>
</ul>
<h3>What The Experts Say On Dell Technologies</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $141.0.</p>
<ul>
<li>An analyst from UBS persists with their Buy rating on Dell Technologies, maintaining a target price of $141. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Dell Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


DELL

Dell Technologies Unusual Options Activity For May 06

<p>Deep-pocketed investors have adopted a bullish approach towards Eli Lilly and Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</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 LLY usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 35 extraordinary options activities for Eli Lilly and Co. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 62% leaning bullish and 31% bearish. Among these notable options, 4 are puts, totaling $163,255, and 31 are calls, amounting to $1,565,727.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $240.0 and $860.0 for Eli Lilly and Co, spanning the last three months.</p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Eli Lilly and Co stands at 273.5, with a total volume reaching 2,377.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Eli Lilly and Co, situated within the strike price corridor from $240.0 to $860.0, throughout the last 30 days.</p>
<h3>Eli Lilly and Co Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1715010346_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$512.8</td>
<td>$510.0</td>
<td>$510.0</td>
<td>$240.00</td>
<td>$255.0K</td>
<td>16</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$5.95</td>
<td>$5.45</td>
<td>$5.95</td>
<td>$860.00</td>
<td>$119.0K</td>
<td>1.2K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$9.45</td>
<td>$8.15</td>
<td>$8.89</td>
<td>$750.00</td>
<td>$91.4K</td>
<td>384</td>
<td style="text-align: right;">203</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$36.65</td>
<td>$34.0</td>
<td>$34.6</td>
<td>$800.00</td>
<td>$62.2K</td>
<td>669</td>
<td style="text-align: right;">29</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$10.5</td>
<td>$10.4</td>
<td>$10.5</td>
<td>$750.00</td>
<td>$61.9K</td>
<td>384</td>
<td style="text-align: right;">563</td>
</tr>
</tbody>
</table>
</p>
<h3>About Eli Lilly and Co</h3>
<p>Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for diabetes; and Taltz and Olumiant for immunology.</p>
<h3>Eli Lilly and Co's Current Market Status</h3>
<ul>
<li>With a volume of 1,061,684, the price of LLY is up 2.32% at $752.02. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 92 days.</li>
</ul>
<h3>Professional Analyst Ratings for Eli Lilly and Co</h3>
<p>A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $866.2.</p>
<ul>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Eli Lilly and Co, which currently sits at a price target of $900. </li>
<li>An analyst from Goldman Sachs persists with their Neutral rating on Eli Lilly and Co, maintaining a target price of $723. </li>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $815. </li>
<li>Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Eli Lilly and Co with a target price of $892. </li>
<li>Consistent in their evaluation, an analyst from BMO Capital keeps a Outperform rating on Eli Lilly and Co with a target price of $1001. </li>
</ul>
<p>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 Eli Lilly and Co with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


This Is What Whales Are Betting On Eli Lilly and Co

<p>Barclays  analyst Brandon Oglenski   maintains JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) with a Underweight and lowers the price target from $6 to $5.</p>


JBLU

Barclays Maintains Underweight on JetBlue Airways, Lowers Price Target to $5

Trading Ideas

Live On CNBC, IBM CEO Arvind Krishna Discusses Company Earnings, Consulting Business, AI Competition, HashiCorp Acquisition

<p>Barclays  analyst Julian Mitchell   maintains Ingersoll Rand (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IR#NYSE">IR</a>) with a Overweight and lowers the price target from $105 to $104.</p>


Barclays Maintains Overweight on Ingersoll Rand, Lowers Price Target to $104

<p>Barclays  analyst David Strauss   maintains Howmet Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HWM#NYSE">HWM</a>) with a Overweight and raises the price target from $65 to $85.</p>


Barclays Maintains Overweight on Howmet Aerospace, Raises Price Target to $85

<p>China's real estate industry is struggling, but a recent occurrence in the city of Zhengzhou speaks volumes about how dreadful things have gotten. The Zhengzhou Real Estate Development Company has offered to buy 500 homes from Zhengzhou residents on the condition that they use the proceeds to buy a new home built by the developer.&nbsp;</p>
<p>The new home must also equal or exceed the price the developer paid for the home. If trying to understand how any real estate developer can make a profit from a shell game like this makes your head hurt, you are not alone.&nbsp;&nbsp;</p>
<p>Adding another level of complexity to this story is the fact that Zhengzhou Real Estate Development Company is state-owned. Accordingly, the local city government has asked residents to go along with the plan. The motive behind this unorthodox gambit by the developer is simple: Zhengzhou's real estate market is in free fall. China's National Bureau of Statistics says new home prices have dropped in Zhengzhou for 12 consecutive months.&nbsp;</p>
<p><strong>Don't Miss:</strong></p>
<ul>
<li>Investing in real estate just got a whole lot simpler. This <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">Jeff Bezos-backed startup will allow you to become a landlord</a> in just 10 minutes, and you only need $100.</li>
<li>Want To Grow Your Wealth Passively? Unlock Real Wealth with <a href="https://www.benzinga.com/money/cityfunds-yield">Cityfunds&#8217; Exclusive 8% Yield Fund</a>.</li>
</ul>
<p>Medium-sized cities like Zhengzhou have been hit hard by China's real estate crisis, which is rooted in some of the same causes that led to the great financial collapse of 2008. Years of easy lending standards allowed China's developers to over-leverage, and the more they borrowed, the more they built. That led to an oversupply of housing while developers brought even more new units online.&nbsp;</p>
<p>A string of failures and corruption scandals hit some of China's most well-known real estate developers. In response, the Central Government severely tightened lending standards. That created a liquidity crisis for developers and denied them access to capital at a time when slow sales were making it necessary to refinance their debt. The Central Government empowered local authorities with near-total autonomy to relieve the crisis.</p>
<p>City governments have eased lending requirements, offered subsidies to help fund home purchases and lowered interest rates. However, those measures have not generated noticeable turnarounds for the real estate industry. There seems to be an understanding among prospective buyers that the steps being taken by local governments don't amount to a cohesive strategy for stimulating the real estate industry. In response, they are staying out of the market.&nbsp;</p>
<p>Industry observers doubt these new schemes will be enough to rescue China's housing market. Lynn Song, chief economist of Greater China at ING, said, &#8220;As the bottom has yet to be confirmed, we expect property to remain a major drag on growth this year. Policies to stabilize the market will likely still be needed in the months ahead.&#8221;&nbsp;</p>
<p><strong>Read Next:</strong></p>
<ul>
<li>Dara Khosrowshahi-Backed Startup Lets You <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">Become a Landlord with $100</a>.</li>
<li>Miami Is Expected To Take New York's Place As The US Financial Capital. <a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital">Invest In It With $500 Before That Happens</a>. </li>
</ul>


Real Estate

Chinese Real Estate Developer Resorts To Desperate Shell Game To 'Sell' New Homes

<p><strong>Xeris Biopharma Holdings, Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XERS#NASDAQ">XERS</a>) shares are up Monday after the company announced an exclusive worldwide collaboration and license agreement <a href="https://www.benzinga.com/pressreleases/24/05/b38637601/xeris-enters-into-an-exclusive-worldwide-collaboration-and-license-agreement-with-beta-bionics">with Beta Bionics</a>.</p>
<p><strong>What Happened: </strong>In a new press release issued Monday, Xeris said it will work with Beta Bionics to develop and release a glucagon product that will utilize the company&#8217;s XeriSol technology and Beta Bionic&#8217;s pump systems.</p>
<p>Under the terms of the agreement, Xeris could potentially receive development payments and low double-digit royalties based on future sales.</p>
<p>&#8220;We&#8217;re excited to be partnering with Beta Bionics by being the exclusive provider of the glucagon component that will facilitate their development of the first dual-hormone pump for people with diabetes. We will move quickly to support Beta Bionics in this important development program,&#8221; said <strong>Paul Edick</strong>, chairman and CEO of Xeris.</p>
<p>Xeris is set to release its 2024 first-quarter earnings at 8:30 a.m. ET on Thursday. <a href="http://pro.benzinga.com/">Benzinga Pro</a> estimates are calling for an EPS loss of 12 cents and revenue of $41.815 million.</p>
<p><em>Related Link: <a href="https://www.benzinga.com/general/biotech/24/05/38643741/whats-going-with-biontech-stock-on-monday">What&#8217;s Going With BioNTech Stock On Monday?</a></em></p>
<p><strong>XERS Price Action:</strong> According to <a href="http://pro.benzinga.com/">Benzinga Pro</a>, Xeris shares were up 1.85% Monday morning following the announcement, trading at $1.92. Despite Monday&#8217;s gains, Xeris shares are still down approximately 18% year-to-date.</p>
<p><em>Photo: 3844328 from Pixabay.</em></p>


Movers & Shakers

Movers

XERS

Why Are Xeris Biopharma Shares Moving Monday?

<p>Goldman Sachs  analyst Nathan Rich   maintains Zoetis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>) with a Buy and lowers the price target from $223 to $196.</p>


Goldman Sachs Maintains Buy on Zoetis, Lowers Price Target to $196

<p><a href="https://www.washingtonpost.com/technology/2024/05/05/trump-tiktok-campaign-debate/">https://www.washingtonpost.com/technology/2024/05/05/trump-tiktok-campaign-debate/</a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
<p>Donald Trump's presidential campaign is weighing whether to join TikTok, the wildly popular video app he once tried to ban, and the decision has sparked discussion among his advisers in recent weeks, according to four people familiar with the matter.</p>
<p>In 2020, the then-president said the app was a threat to national security because its parent company, ByteDance, is based in China, and he <a href="https://www.washingtonpost.com/technology/2020/07/31/tiktok-trump-divestiture/?itid=lk_inline_manual_4">called</a> for TikTok's forced sale or a nationwide ban as part of an executive order that was ultimately <a href="https://www.washingtonpost.com/technology/2020/09/27/tiktok-ban-injunction/?itid=lk_inline_manual_4">overturned</a> by the courts.</p>


Macro Economic Events

Politics

Economics

General

Reported May 5, 2024 "Divided Trump Campaign Weighs Joining TikTok, The App He Tried To Ban; The Move Could Spark Outrage Among Trump's Supporters, But Some Advisers Are Arguing It Would Help Him Reach Young Voters Who Believe It's Cool To Be 'Trump-Adjacent'" - Washington Post

<p>Barclays  analyst Trevor Young   maintains Expedia Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) with a Equal-Weight and lowers the price target from $158 to $138.</p>


EXPE

Barclays Maintains Equal-Weight on Expedia Group, Lowers Price Target to $138

<p>Goldman Sachs  analyst Nathan Rich   maintains Dentsply Sirona (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRAY#NASDAQ">XRAY</a>) with a Neutral and lowers the price target from $34 to $30.</p>


XRAY

Goldman Sachs Maintains Neutral on Dentsply Sirona, Lowers Price Target to $30

First Trust BuyWrite Income ETF declares $0.16 dividend

JEPI: Forget The Hype, It Is Good But Not Great

RDVI: Buy-Write ETF Looking Good Among Peers

FTHI: Beating Peers Lately, But Yield History Is Weird

KNG: A King Among Buy-Write Strategies

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>80% of<strong> S&amp;P 500</strong> companies are <a href="https://www.bloomberg.com/news/articles/2024-04-11/s-p-500-is-heading-for-a-rough-patch-as-buyback-blackouts-arrive">entering pre-earnings buyback blackouts</a>, according to <em>Bloomberg</em>. Analysts anticipate a potential rebound post-blackout. Historically, corporate buybacks have bolstered stock prices, and their temporary suspension, noted by <strong>Deutsche Bank</strong>, could lead to increased market volatility until early May. This backdrop has led to this list of Buyback ETFs to consider.</p>



<p>Additionally, this period might also witness a rotation into sectors that investors believe will benefit most during an upturn, Bloomberg noted, with recent breakouts in economically sensitive industries like semiconductors, homebuilders, and transportation.</p>



<p>I think that now could be a good time to put these buyback ETFs on one&rsquo;s watchlist. I feel that these ETFs could then be in an undervalued spot right now, given people&rsquo;s attention is either towards growth assets or holding off due to fears of shares and ETF units as being overpriced.</p>



<p>So with that being said, here are seven buyback ETFs for investors to consider scooping up for April.</p>



<h2>Buyback ETFs: Invesco BuyBack Achievers ETF (PKW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/invesco_logo_invesco1600-300x169.png" alt="Invesco logo in blue with mountain image"><div>Source: Shutterstock</div></div><p><strong>Invesco BuyBack Achievers ETF</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/pkw-stock-quote/"><strong>PKW</strong></a>) includes companies that have executed a 5% or higher share repurchase in the past year. This ETF has <a href="https://stockanalysis.com/etf/pkw/">shown significant long-term outperformance</a> compared to broader market indices, gaining 62.89% over the past five years. It has an expense ratio of 0.62%.</p>



<p>The overall strategy of PKW is to boost one&rsquo;s exposure to companies improving their <span>EPS</span>. This is a common theme among the other buyback ETFs, as this is a signal that their shares could be potentially undervalued.</p>



<p>The ETF includes several significant holdings. T-<strong>Mobile</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/tmus-stock-quote/"><strong>TMUS</strong></a>) is one of the largest holdings, representing 4.72% of the ETF&rsquo;s composition. Following closely is <strong>Booking Holdings</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/bkng-stock-quote/"><strong>BKNG</strong></a>), which accounts for 4.52% of the fund. <strong>Johnson &amp; Johnson</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/jnj-stock-quote/"><strong>JNJ</strong></a>) also plays a substantial role in the ETF with a 4.45% share. <strong>Comcast</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/cmcsa-stock-quote/"><strong>CMCSA</strong></a>) makes up 4.25% of the portfolio, and <strong>Lockheed Martin</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/lmt-stock-quote/"><strong>LMT</strong></a>) rounds out the top five with a 4.10% contribution.</p>



<h2>iShares U.S. Dividend and Buyback ETF (DIVB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/02/ishares1600-300x169.jpg" alt="iShares by Blackrock sign"><div>Source: Sundry Photography / Shutterstock.com</div></div><p><strong>iShares U.S. Dividend and Buyback ETF</strong> (CBOE:<a href="https://investorplace.com/stock-quotes/divb-stock-quote/"><strong>DIVB</strong></a>) invests in U.S. companies with a strong history of dividend payments and share repurchases, providing a mix of income and buyback strategies.</p>



<p>This dual approach helps investors improve capital appreciation as well as income, thus it may be suitable for those with a long time horizon to get the most out of it.</p>



<p>DIVB, as of now, <a href="https://stockanalysis.com/etf/divb/">manages assets worth $338.30 million</a> with a very low expense ratio of 0.05%. It boasts a price-to-earnings (<span>P/E</span>) ratio of 16.17 and offers a dividend yield of 2.91% on a dividend of $1.24. Over the past year, the ETF has seen a return of 13.98%. The fund currently holds 410 different assets.</p>



<p>The portfolio includes notable holdings such as <strong>Broadcom</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/"><strong>AVGO</strong></a>), which represents 4.90% of the ETF. It is followed closely by <strong>Cisco Systems</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/csco-stock-quote/"><strong>CSCO</strong></a>), accounting for 4.77%. <strong>Qualcomm</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/qcom-stock-quote/"><strong>QCOM</strong></a>) and <strong>Texas</strong> <strong>Instruments</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/txn-stock-quote/"><strong>TXN</strong></a>) hold smaller percentages, contributing 2.88% and 2.87%, respectively.&nbsp;</p>



<h2>Buyback ETFs: Schwab U.S. Dividend Equity ETF (SCHD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/schwab1600-300x169.jpg" alt="charles schwab sign outside of a building. SCHD stock"><div>Source: Isabelle OHara / Shutterstock.com</div></div><p><strong>Schwab U.S. Dividend Equity ETF</strong> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/schd-stock-quote/"><strong>SCHD</strong></a>) includes companies with a record of dividend payments and buybacks.</p>



<p>SCHD is one of my favorite dividend and buyback ETFs. The reason being is that it has a great capital return record over the past five years, growing over 40%.</p>



<p>SCHD is a rules-based ETF. Primarily, it focuses on companies that have consistently paid dividends for at least 10 consecutive years. Beyond this, the ETF evaluates firms based on financial health and profitability measures such as return on equity, dividend yield, and dividend growth rate.</p>



<p>SCHD, launched on Oct. 20, 2011, <a href="https://stockanalysis.com/etf/schd/dividend/">controls substantial assets</a> amounting to $54.46 billion, with a low expense ratio of 0.06%. It offers a dividend yield of 3.48% from a total dividend of $2.67, reflecting a payout ratio of 50.69%.</p>



<p>SCHD includes <strong>Chevron Corporation</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/cvx-stock-quote/"><strong>CVX</strong></a>), which constitutes 4.16% of its portfolio. Following Chevron, TXN makes up 4.11% of the fund. LMT is also a significant holding, accounting for 4.10% of the ETF&rsquo;s total assets.</p>



<h2>AdvisorShares Dorsey Wright ADR ETF (AADR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/etf-1600-2-300x169.png" alt="Blocks that spell out ETF in front of jar with money and change."><div>Source: SHUN_J / Shutterstock</div></div><p><strong>AdvisorShares Dorsey Wright ADR ETF</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/aadr-stock-quote/"><strong>AADR</strong></a>) holds ADRs of non-U.S. companies that engage in aggressive buyback activities.&nbsp;</p>



<p>The ETF, launched on July 20, 2010, <a href="https://stockanalysis.com/etf/aadr/">has accumulated assets</a> totaling $26.41 million and holds 39 different investments. It has a high expense ratio of 1.10% and a P/E ratio of 14.45. The fund has demonstrated significant growth with a 1-year return of 27.01%. It offers a modest dividend yield of 0.71%.</p>



<p>AADR could be one way that investors can diversify their portfolios further through investing in a mix of emerging developed markets outside of the U.S. It gives investors exposure to industries that range from energy in Argentina to financials in Japan with a stake in its largest bank.</p>



<p>The ETF&rsquo;s portfolio includes <strong>Novo Nordisk</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/nvo-stock-quote/"><strong>NVO</strong></a>) with a significant representation of 6.40%. <strong>YPF S.A.</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/ypf-stock-quote/"><strong>YPF</strong></a></span>), another major holding, accounts for 4.70% of the fund. New <strong>Oriental Education &amp; Technology</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/edu-stock-quote/"><strong>EDU</strong></a>) also plays a substantial role, comprising 4.09% of the assets. <strong>Mitsubishi UFJ Financial Group</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/mufg-stock-quote/"><strong>MUFG</strong></a>) rounds out the notable entries with a 3.36% stake in the ETF.&nbsp;</p>



<h2>Buyback ETFs: First Trust BuyWrite Income ETF (FTHI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/first_trust_logo_firsttrust1600-300x169.jpg" alt="The logo for First Trust is seen on a white background."><div>Source: First Trust</div></div><p><strong>The First Trust BuyWrite Income ETF</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fthi-stock-quote/"><strong>FTHI</strong></a>) employs a slightly different strategy by combining a buyback approach with an options strategy, specifically covered call writing. This helps to produce income, but the downside is that this comes at the expense of capital appreciation potential, which is par the course for covered call ETFs.</p>



<p>This ETF, established on Jan. 6, 2014, <a href="https://stockanalysis.com/etf/fthi/">manages assets totaling</a> $573.03 million and has issued 25.42 million shares. It features a relatively high expense ratio of 0.75% and a P/E ratio of 18.59. Notably, it offers a substantial dividend yield of 8.39.</p>



<p>FTHI is heavy with <a href="https://investorplace.com/industries/technology/">tech stocks</a> as part of its composition. The ETF includes <strong>Microsoft</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a>) as its largest holding, comprising 7.35% of its portfolio. <strong>NVIDIA</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/"><strong>NVDA</strong></a>) also forms a significant part of the fund, accounting for 4.60%. <strong>Apple</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/"><strong>AAPL</strong></a>) is another major component, representing 4.40% of the ETF.</p>



<h2>Global X SuperDividend U.S. ETF (DIV)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/etf-arrows-1600-300x169.jpg" alt='Colorful arrows pointing at the multicolored word "ETF" against a cement surface'><div>Source: shutterstock.com/eamesBot</div></div><p>Although primarily focused on high dividend yields, <strong>Global X SuperDividend U.S. ETF</strong> (NYSEARCA:<a href="https://investorplace.com/stock-quotes/div-stock-quote/"><strong>DIV</strong></a>) also considers buyback yields in its selection process. This ETF seeks to invest in 50 of the highest dividend yielding equity securities in the U.S.</p>



<p>DIV has <a href="https://stockanalysis.com/etf/div/">assets totaling $606.94 million</a> and 35.76 million shares outstanding. It carries a relatively low expense ratio of 0.45% and features a P/E ratio of 9.11. The fund provides a dividend yield of 7.18% with an annual dividend of $1.21, reflecting a payout ratio of 65.45%.</p>



<p>It&rsquo;s clear that DIV is suitable for income investors due to its high dividend yield. However, it should be noted that the dividend is more or less all that one can expect from DIV, as the ETF&rsquo;s share price has dropped 28.66% over the past five years.&nbsp;</p>



<p>The ETF includes <strong>Berry Corporation</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/bry-stock-quote/"><strong>BRY</strong></a>), which accounts for 2.49% of its portfolio. <strong>Virtu Financial</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/virt-stock-quote/"><strong>VIRT</strong></a>) also forms a significant part of the fund, comprising 2.36%. <strong>Chord Energy</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/chrd-stock-quote/"><strong>CHRD</strong></a>) rounds out this selection with a 2.26%.</p>



<h2>Invesco International BuyBack Achievers ETF (IPKW)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/etfs1600july2019-300x169.jpg" alt='ETFs: A stock market ticker tape that reads "ETFs." representing international etfs'><div>Source: Shutterstock</div></div><p><strong>Invesco International BuyBack Achievers ETF</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ipkw-stock-quote/"><strong>IPKW</strong></a>) also offers exposure to foreign companies engaging in buyback activities.</p>



<p>This ETF, which began on March 6, 2014, <a href="https://stockanalysis.com/etf/ipkw/">manages $89.08 million in assets</a> and has 1.75 million shares outstanding. It features a moderate expense ratio of 0.55% and a P/E ratio of 9.77. The fund provides a dividend yield of 2.44% with an annual dividend of 96 cents, corresponding to a payout ratio of 23.88%.&nbsp;</p>



<p>The strategy of the ETF seems to work well, having gained 19.54% over the past five years. However, this is substantially below the total returns of both the S&amp;P 500<strong> </strong>as well as the <strong>Nasdaq</strong>.</p>



<p>I think that the time will come when ETFs like IPKW will become outperformers. This could be through a result of overvalued U.S. equities, or when developed and developing economies overseas begin to hit an inflection point where their growth rates far exceed what can be found on U.S. soil. This then makes IPKW one of those buyback ETFs to consider.</p>



<p><em>On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the InvestorPlace.com </em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em>Publishing Guidelines</em></a>.</p>
<div><p>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/buyback-bonanza-the-top-7-etfs-to-profit-from-corporate-cash-splurges/">Buyback Bonanza: The Top 7 ETFs to Profit From Corporate Cash Splurges</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Buyback Bonanza: The Top 7 ETFs to Profit From Corporate Cash Splurges

First Trust BuyWrite Income ETF declares $0.168 dividend

AADR

AAPL

AMZN

AVGO

BKNG

CHRD

CMCSA

CSCO

DIVB

DIVO

FTQI

GOOG

GOOGL

IPKW

JEPI

LRCX

MSFT

MUFG

NVDA

QCOM

QYLD

RCIAF

RDVI

RDVY

SCHD

TMUS

VIRT

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XYLG

Stellantis Adapts to EV Challenge, Follows Tesla's Lead by Cutting Costs Through Global Job Shifts

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Latest News for First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Thursday, May 02, 2024