Foxtons Group Stock (OTC:FXTGY), Trade Ideas

Foxtons Group PLC is an estate agency, providing residential property sales and lettings services in the United Kingdom. It operates in three segments: Sales, Lettings, and Financial Services. The sales segment generates a commission on sales of residential property. The letting segment earns fees from letting and management of residential properties and income from interest earned on tenant's deposits. The Financial Services segment generates commission from the arrangement of mortgages and related products under contracts with financial service providers and receives administration fees from clients. The majority of its revenue comes from the Letting segment.

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Stocks That Hit 52-Week Highs On Tuesday

FOXTONS GROUP PLC ADR by Foxtons Group PLC

Foxtons Group PLC

Argus Research analyst Stephen Biggar maintains KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) with a Buy and raises the price target from $15 to $16.

Price Target

Analyst Ratings

Argus Research Maintains Buy on KeyCorp, Raises Price Target to $16

BMO Capital analyst Brian Pitz maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Buy and raises the price target from $650 to $700.

NFLX

BMO Capital Maintains Buy on Netflix, Raises Price Target to $700

Contracts

New York State Agency Says Failed To Reach Final Contract Agreements With Three Offshore Wind Projects; New York Says General Electric Decision To Scrap 18 MW Turbine Caused Material Changes To Proposed Offshore Wind Projects

Nissan Motor Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANF#OTC">NSANF</a>) revised its financial forecast, first made on Feb. 8, 2024,<a href="https://global.nissannews.com/en/releases/240419-02-e"> for the full fiscal year ending March 31, 2024</a>.
The carmaker slashed its annual operating profit forecast to 530 billion yen ($3,428,268,430) from the previous guidance of 620 billion yen ($4,010,427,220).
This represents a 14.5% cut in the annual operating profit.
Nissan now expects an annual revenue of 12.6 trillion yen ($81,507,510,000) as against the previous outlook of 13 trillion yen ($84,091,775,300).
The forecast sales volume has been lowered to 3.44 million units<a href="https://global.nissannews.com/en/releases/240208-01-e"> from 3.55 million units </a>and net income is expected to reach 370 billion yen ($2,393,363,500) for FY23.
The revision has been put forward after a decrease in sales volume, various cost reliefs made to suppliers such as inflation, and other factors.
Nissan announced in March it planned to introduce 30 new <a href="https://www.benzinga.com/markets/equities/24/03/37909805/electrifying-ambitions-nissan-unveils-plan-for-30-new-models-and-electrification-surge">models by fiscal 2026, targeting a global</a> sales increase of one million vehicles with improved profitability and electrification.
Of the 30 new models, 16 will be electric with the goal to reduce the cost of EVs by 30% by 2030.
NSANY Price Action: Nissan shares were down Friday at publication by 3.86% at $7.11.
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38333186/increase-in-card-member-spending-boosts-amex-q1-revenue-company-eyes-steady-annual-growth">Increase In Card Member Spending Boosts Amex Q1 Revenue, Company Eyes Steady Annual Growth</a>
Photo: Steve Lagreca on Shutterstock

General

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NSANY

Nissan Slashes Annual Profit Outlook By 14.5%

Ault Alliance Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AULT#NASDAQ">AULT</a>) shares are trading higher by 20% to $0.29 during Friday&#8217;s session after the company announced that it received an investment of $44 million to date from Ault &amp; Company under the November 2023 <a href="https://www.benzinga.com/pressreleases/24/04/b38331009/ault-alliance-has-received-an-investment-of-44-million-to-date-from-ault-company-under-the-novembe">Securities Purchase Agreement</a>.
<h2 class="wp-block-heading">What Happened?</h2>
Ault Alliance announced that its affiliate, Ault &amp; Company, has invested $44.0 million according to a Securities Purchase Agreement. Ault &amp; Company has acquired 44,000 shares of Series C convertible preferred stock and warrants to purchase around 13.0 million shares of the Company. They have the option to invest up to $75.0 million in multiple rounds. 
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38333186/increase-in-card-member-spending-boosts-amex-q1-revenue-company-eyes-steady-annual-growth">Increase In Card Member Spending Boosts Amex Q1 Revenue, Company Eyes Steady Annual Growth</a>
CEO and executive chairman Milton &#8220;Todd&#8221; Ault, III expressed confidence in the company&#8217;s growth and future prospects, citing an increase in annual revenue from $8 million in 2017 to a projected $200 million this fiscal year. He highlighted the focus on core businesses such as Sentinum data centers and Circle 8 crane rentals, emphasizing the growth potential in the artificial intelligence data center space.
According to data from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, AULT has a 52-week high of $883.26 and a 52-week low of $0.22.

AULT

Why Ault Alliance Stock Is Skyrocketing

<h3>An Almost Perfectly-Timed Post&nbsp;</h3>
On Wednesday, we wrote about&nbsp;<a href="https://www.zerohedge.com/news/2024-04-17/israel-bombs-iran-trade">the Israel-Bombs-Iran Trade</a>, and the next day Israel bombed Iran.&nbsp;
<blockquote>The Israel-Bombs-Iran Trade This one worked after October 7th. It could work again. <a href="https://twitter.com/search?q=%24UAL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$UAL</a><a href="https://t.co/3HKAIksaff">https://t.co/3HKAIksaff</a>
&mdash; Portfolio Armor (@PortfolioArmor) <a href="https://twitter.com/PortfolioArmor/status/1780674338905014640?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
&nbsp;
The only problem is the Israeli strike we anticipated was one that would further escalate tensions between the two countries, but this one&nbsp;<a href="https://www.zerohedge.com/markets/futures-tumble-oil-and-gold-soar-reports-huge-explosions-central-iran-israeli-airstrikes">seems to have been calibrated</a>&nbsp;to not do that. Rather than immediately responding with its own missile attack, Iran responded with memes downplaying the effects of Israel&#39;s strikes.&nbsp;
&nbsp;
<blockquote>�� Iran quickly responds with a meme retaliation! <a href="https://t.co/NkT83YThiA">pic.twitter.com/NkT83YThiA</a>
&mdash; Lord Bebo (@MyLordBebo) <a href="https://twitter.com/MyLordBebo/status/1781211260547125497?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
&nbsp;
As a consequence, it doesn&#39;t look like we&#39;re going to get a big market move down in response this time. However...
<h3>Iran And Israel Are Launching Missiles At Each Other</h3>
Read that aga. Iran and Israel are launching missiles at each other. We&#39;re so quick to downplay events today, we forget out extraordinary this is, and how extraordinarily risky it is. So far, it hasn&#39;t set off an escalatory spiral, but it&#39;s easy to see how it could. Maybe anti-aircraft fire disables a missile or a drone headed for empty desert and it hits an apartment building instead. Footage of hundreds of dead civilians forces Israel or Iran&#39;s government to&nbsp;<a href="https://en.wikipedia.org/wiki/Fire_for_effect">fire for effect</a>&nbsp;next time, and we&#39;re off to the races. So let&#39;s game plan now what to do if that happens.&nbsp;
<h3>Have A Shopping List Ready&nbsp;</h3>
<div>There are two ways to approach this: you can have specific investments in mind that you plan to buy in the event of a war-related market crash, or you can have a ready-made screen or other source of ideas to identify them. If recent events are any guide, crypto will likely fall in the event of a real Israel-Iran war, so that&#39;s one possibility. Airlines are another, as in the case of United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) we mentioned in your previous post. You want an airline with strong fundamentals--ideally one that just beat on earnings--so you can take advantage of a temporary war headwind knocking its share price down. In our case, we will have two sources of ideas to draw on if Israel-Iran turns into a real war:&nbsp;</div>
<h4>Our Weekly Top Names</h4>
Each week, we post the top ten names generated by&nbsp;<a href="https://portfolioarmor.com/">the Portfolio Armor web app</a>&nbsp;on our trading Substack. Those are the names our system estimates will have the highest potential returns over the next six months.&nbsp;
<a href="https://portfolioarmor.substack.com/p/top-names-4182024"><img alt="" src="https://www.benzinga.com/files/u69610/top_names_4.18.jpg" style="height:639px; width:624px" /></a>
Click on the image above to view that post.
Our core strategy is to buy equal dollar amounts of the&nbsp;Portfolio Armor web app&rsquo;s top ten names, put trailing stops of 10%-20% on them, and replace them with names from the current week&rsquo;s top ten when we get stopped out of a position. We got stopped out of two positions this week:
<ul>
<li>CleanSpark, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>). Bought at $15.14 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-3142024/comment/52005861" rel="noopener noreferrer nofollow" target="_blank">3/19/2024</a>; stopped out at $13.75 on<a href="https://portfolioarmor.substack.com/p/top-names-2292024/comment/51666596" rel="" target="_blank">&nbsp;</a><a href="https://portfolioarmor.substack.com/p/top-names-3142024/comment/54125180" rel="noopener noreferrer nofollow" target="_blank">4/16/2024</a>.&nbsp;Loss: 9.2%.</li>
<li>Netflix, Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nflx#NASDAQ">NFLX</a>). Bought at $230 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-2232023/comment/54278184" rel="noopener noreferrer nofollow" target="_blank">2/24/2023</a>; stopped out at $825.06 on&nbsp;<a href="https://portfolioarmor.substack.com/p/top-names-2232023/comment/54278290" rel="noopener noreferrer nofollow" target="_blank">4/18/2024</a>.&nbsp;Profit: 259%.</li>
</ul>
And we&#39;ve got a list of ten we can pick from to replace them. If Mideast war fears make those ten names cheaper when we&#39;re ready to buy, all the better.&nbsp;
<h3>Our Bargain Screen</h3>
The specifics of this screen are probably less important than its strictness--you want this screen to pick up solid long-term holds and rare prices. Our&nbsp;<a href="https://www.chartmill.com/stock/stock-screener?f=mc_snan,p_pg2,rsi14_b_30,sl_he_8_X,sl_pio_8_X,sl_dvd_8_X,sl_dy_4_X,exch_us&amp;a=221937">Chartmill&nbsp;</a>bargain screen is so strict that currently no stocks show up on it.&nbsp;
<img alt="" src="https://www.benzinga.com/files/u69610/bargain_screen.jpg" style="height:200px; width:624px" />
But if Israel or Iran strike each other for real next time, there will likely be some bargains popping up on this screen for us to buy.&nbsp;
If you want to stay in touch.
You can scan for optimal hedges for individual securities, find our current top ten names, and create hedged portfolios on&nbsp;<a href="https://portfolioarmor.com/">our website</a>.&nbsp;You can also follow Portfolio Armor on X&nbsp;<a href="https://twitter.com/portfolioarmor">here</a>, or become a free subscriber to our trading Substack using the link below (we&#39;re using that for our occasional emails now).
<iframe frameborder="0" height="320" src="https://portfolioarmor.substack.com/embed" width="480"></iframe>
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

CLSK

Israel Strikes Back (Kind Of)--Time To Revisit Our Israel-Bombs-Iran Trade After Israel's Performative Air Strikes On Iran

TD Cowen analyst David Deckelbaum reinstates EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) with a Hold and announces $43 price target.

Initiation

TD Cowen Reinstates Hold on EQT, Announces $43 Price Target

The Craft Irish Whiskey Co. recently made the news when a 30-year-old bottle of its whiskey, The Emerald Isle, was auctioned for $2.8 million. The eye-popping price makes it the most expensive bottle ever sold, breaking the previous world record of $2.7 million paid for a bottle of 1926 Macallan by $100,000. It also means Irish whiskey is having its long-awaited "moment" on the world stage.
Don't Miss:
<ul>
<li>Billionaires Jeff Bezos and Oprah Winfrey invest in this timeless and safe asset as a way to protect their money <a href="https://www.benzinga.com/money/masterworks">— Find out how you can too.</a></li>
</ul>
<h2 class="wp-block-heading">Irish Whiskey Vs. Scotch Whisky</h2>
For most of the history of spirits, Scotch whisky with the "y" has been more famous and sought after than Irish whiskey with the "ey." The distinction between the two has to do with the fact that a distiller can't call their product whisky unless it's distilled in Scotland and meets the legal requirements set by the Scottish government to be called whisky.
These requirements mandate that Scotch whisky be distilled a certain number of times and aged in a barrel for a minimum amount of years. The Scottish government has naming rights on the whisky designation in much the same way that Champagne must come from the Champagne region of France to be called champagne, and any other sparkling white wine must have a different name such as prosecco (Italy) or cava (Spain).&nbsp;
Even if an Irish distiller meets Scotland's distillation and aging standards, it can't sell its product as Scotch or Whisky.&nbsp; With that said, Irish distillers have also been making spirits for centuries and many enthusiasts will tell you Ireland's top whiskeys take no back seat to their Scottish counterparts in terms of quality. However, an Irish whiskey overtaking a Scotch Whisky's price record could herald the beginning of a big shift in market preferences.&nbsp;
<h2 class="wp-block-heading">A Shift In Market Preferences</h2>
Irish whiskey has been popular for years and has several well-heralded brands such as Bushmills, Jameson and Redbreast. However, when it came to the high-end collector's market, Scotch whisky has been preeminent on the auction circuit. Despite that success, many aficionados of this distilled spirit are beginning to feel like the premium they pay for Scotch whisky is too high. This has led them to look at other options.
One of those options is The Craft Irish Whiskey Co., whose Emerald Isle mark set the world record for the<a href="https://craftirishwhiskey.com/the-most-expensive-irish-whiskey-in-the-world/"> most expensive whiskey</a> ever sold with a $2 million sale price in 2022. Everything about the Emerald Isle whiskey oozes elegance. This 30-year-old triple-distilled whiskey comes in a gorgeous walnut box that opens to reveal a beautiful decanter-style bottle that is shaped like a Faberge egg.
Initially, this premium package and undoubtedly delicious spirit was enough to set and hold the world record for whiskeys, but as of the most recent sale in late January, the Emerald Isle now holds the record for the world's most expensive whiskey and whisky ever sold when the final price hit $2.8 million. The new record speaks to the appetite among collectors and connoisseurs to expand their horizons past the more traditionally popular Scottish dram.
<h2 class="wp-block-heading">About the Buyer</h2>
The Emerald Isle was purchased by Mike Daley, a well-known U.S.-based buyer whose collection reportedly includes thousands of bottles of high-end Irish whiskey, American whiskey and Scotch whisky.&nbsp;
Daley, who made his fortune as an early investor in hyaluronic acid, told&nbsp; <a href="https://www.foodandwine.com/inside-america-s-largest-whiskey-collection-8422432">Food and Wine Magazine</a>, "Irish is the future of whiskey. I&#8217;m excited to be part of it, as a collector, but most importantly as a drinker.&#8221;
Daley's instincts have been vindicated in the past, and he continued by saying, &#8220;The rebirth of Irish whiskey is relatively new, so I feel like I&#8217;m getting in on the ground floor. Luxury scotch, to me, is already a crowded type of market. But we&#8217;re only just starting to see luxury Irish (whiskey) make a name for itself. I guarantee you that in the years to come, it will get to where Scotch is today.&#8221;
If Daley is right, it means Scotch whisky has some new competition both on the auction circuit and in the aisles of the local liquor stores. At the end of the day, the ultimate winners are whisky (or whiskey) lovers, who will now have even more great options to choose from. Because after the Emerald Isle's record-breaking sale, it's almost a certainty that new distillers and investors will be jumping into the market.&nbsp;
Read Next:
<ul>
<li>With returns as high as 300%, it&#8217;s no wonder this asset is the investment choice of many billionaires.<a href="https://www.benzinga.com/money/masterworks"> Uncover the secret.</a></li>
</ul>

Irish Whiskey Breaks Macallan's Record for Most Expensive Bottle Ever Sold After Auctioning for Nearly $2.8 Million

Deep-pocketed investors have adopted a bearish approach towards PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</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 PEP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for PepsiCo. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 4 are puts, totaling $102,560, and 4 are calls, amounting to $347,464.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $155.0 to $195.0 for PepsiCo over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of PepsiCo stands at 600.33, with a total volume reaching 372.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PepsiCo, situated within the strike price corridor from $155.0 to $195.0, throughout the last 30 days.
<h3>PepsiCo Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713545160_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$30.7</td>
<td>$28.6</td>
<td>$29.4</td>
<td>$155.00</td>
<td>$199.9K</td>
<td>215</td>
<td style="text-align: right;">68</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$15.95</td>
<td>$15.2</td>
<td>$15.2</td>
<td>$180.00</td>
<td>$88.1K</td>
<td>198</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$7.15</td>
<td>$7.05</td>
<td>$7.1</td>
<td>$175.00</td>
<td>$30.5K</td>
<td>2.4K</td>
<td style="text-align: right;">85</td>
</tr>
<tr>
<td>PEP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$5.75</td>
<td>$5.7</td>
<td>$5.77</td>
<td>$180.00</td>
<td>$28.8K</td>
<td>167</td>
<td style="text-align: right;">52</td>
</tr>
<tr>
<td>PEP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$25.9</td>
<td>$25.9</td>
<td>$25.9</td>
<td>$195.00</td>
<td>$25.9K</td>
<td>42</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>

<h3>About PepsiCo</h3>
PepsiCo is a global leader in snacks and beverages, owning well-known household brands including Pepsi, Mountain Dew, Gatorade, Lay's, Cheetos, and Doritos, among others. The company dominates the global savory snacks market and also ranks as the second-largest beverage provider in the world (behind Coca-Cola) with diversified exposure to carbonated soft drinks, or CSD, as well as water, sports, and energy drink offerings. Convenience foods account for approximately 55% of its total revenue, with beverages making up the rest. Pepsi owns the bulk of its manufacturing and distribution capacity in the United States and overseas. International markets make up 40% of total sales and one third of operating profits.
In light of the recent options history for PepsiCo, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>PepsiCo's Current Market Status</h3>
<ul>
<li>Trading volume stands at 2,283,948, with PEP's price up by 0.19%, positioned at $172.59.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 4 days.</li>
</ul>
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.
If you want to stay updated on the latest options trades for PepsiCo, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

PepsiCo's Options Frenzy: What You Need to Know

Financial giants have made a conspicuous bearish move on GE Vernova. Our analysis of options history for GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) revealed 8 unusual trades.
Delving into the details, we found 12% of traders were bullish, while 87% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $160,782, and 3 were calls, valued at $127,797.
<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 $135.0 and $200.0 for GE Vernova, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for GE Vernova options trades today is 25.4 with a total volume of 178.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for GE Vernova's big money trades within a strike price range of $135.0 to $200.0 over the last 30 days.
<h3>GE Vernova Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713545154_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>GEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$13.6</td>
<td>$13.0</td>
<td>$13.0</td>
<td>$150.00</td>
<td>$54.2K</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">43</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$5.2</td>
<td>$5.0</td>
<td>$5.0</td>
<td>$150.00</td>
<td>$45.5K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">58</td>
</tr>
<tr>
<td>GEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$40.7</td>
<td>$38.6</td>
<td>$39.65</td>
<td>$175.00</td>
<td>$39.6K</td>
<td style="text-align: right;">50</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>GEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$39.9</td>
<td>$37.1</td>
<td>$38.9</td>
<td>$175.00</td>
<td>$38.9K</td>
<td style="text-align: right;">50</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>GEV</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$62.4</td>
<td>$60.7</td>
<td>$62.4</td>
<td>$200.00</td>
<td>$31.2K</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">5</td>
</tr>
</tbody>
</table>

<h3>About GE Vernova</h3>
GE Vernova is a global leader in the electric power industry, with products and services that generate, transfer, convert, and store electricity. The company has three business segments: power, wind, and electrification. Power includes gas, nuclear, hydroelectric, and steam technologies, providing dispatchable power. The wind segment includes wind generation technologies, inclusive of onshore and offshore wind turbines and blades. Electrification includes grid solutions, power conversion, electrification software, and solar and storage solutions technologies required for the transmission, distribution, conversion, and storage of electricity from the point of generation to point of consumption.
In light of the recent options history for GE Vernova, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is GE Vernova Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 2,368,510, with GEV's price up by 0.05%, positioned at $137.29.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 6 days.</li>
</ul>
<h3>Professional Analyst Ratings for GE Vernova</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $158.4.
<ul>
<li>In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $160. </li>
<li>Reflecting concerns, an analyst from Exane BNP Paribas lowers its rating to Outperform with a new price target of $177.</li>
<li>An analyst from JP Morgan has elevated its stance to Overweight, setting a new price target at $141. </li>
<li>An analyst from Mizuho has revised its rating downward to Buy, adjusting the price target to $154. </li>
<li>In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $160. </li>
</ul>
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.
If you want to stay updated on the latest options trades for GE Vernova, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding GE Vernova's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</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 QCOM, 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 69 uncommon options trades for Qualcomm.
This isn't normal.
The overall sentiment of these big-money traders is split between 39% bullish and 60%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $355,404, and 62 are calls, for a total amount of $7,109,290.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $115.0 to $210.0 for Qualcomm over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Qualcomm options trades today is 2412.75 with a total volume of 259,779.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Qualcomm's big money trades within a strike price range of $115.0 to $210.0 over the last 30 days.
<h3>Qualcomm Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713545149_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.4</td>
<td>$5.25</td>
<td>$5.25</td>
<td>$210.00</td>
<td>$525.0K</td>
<td>7.0K</td>
<td>3.0K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.15</td>
<td>$5.1</td>
<td>$5.15</td>
<td>$210.00</td>
<td>$514.4K</td>
<td>7.0K</td>
<td>4.4K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.1</td>
<td>$4.95</td>
<td>$4.95</td>
<td>$210.00</td>
<td>$513.4K</td>
<td>7.0K</td>
<td>6.5K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$5.3</td>
<td>$5.25</td>
<td>$5.3</td>
<td>$210.00</td>
<td>$442.0K</td>
<td>7.0K</td>
<td>1.8K</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.35</td>
<td>$5.3</td>
<td>$5.35</td>
<td>$210.00</td>
<td>$367.5K</td>
<td>7.0K</td>
<td>992</td>
</tr>
</tbody>
</table>

<h3>About Qualcomm</h3>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
In light of the recent options history for Qualcomm, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Qualcomm</h3>
<ul>
<li>With a trading volume of 2,902,941, the price of QCOM is down by -2.31%, reaching $157.71.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 12 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Qualcomm</h3>
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $194.25.
<ul>
<li>Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Neutral rating on Qualcomm with a target price of $190. </li>
<li>An analyst from Evercore ISI Group downgraded its action to In-Line with a price target of $177. </li>
<li>An analyst from Keybanc persists with their Overweight rating on Qualcomm, maintaining a target price of $205. </li>
<li>Consistent in their evaluation, an analyst from Susquehanna keeps a Positive rating on Qualcomm with a target price of $205. </li>
</ul>
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.
If you want to stay updated on the latest options trades for Qualcomm, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

QCOM

Unpacking the Latest Options Trading Trends in Qualcomm

The Canadian government has announced several new tax increases in the latest budget released this week to <a href="https://www.benzinga.com/topic/canada">cope with its debt. </a>
The country&#8217;s capital gains tax will spike to 67% for earnings surpassing $250,000 in the year.
This establishes Canada as the nation with the world&#8217;s highest capital gains tax rate, surpassing Denmark&#8217;s second-place rate of 42%.
Tax Hike Amid Fiscal Strain: In an effort to address its triple-digit public debt, the Canadian government&#8217;s 2024 budget has raised the inclusion tax rate on capital gains. 
For individuals, the threshold has been moved from 50% to 67% on gains above $250,000 realized annually, effective from Jun. 25, 2024. The change also affects corporations and trusts on all capital gains.
The Global Debt Dilemma: The tax hike comes as governments globally grapple with unprecedented public debts, a consequence of heavy loose fiscal policies employed during the pandemic. 
Canada&#8217;s public debt-to-GDP ratio leaped from 87% in 2019 to 118% in 2020, with the current figure hovering at 107%.
Comparatively, the United States is projected to witness its public debt rise from 122% in 2023 to an estimated 134% by 2029, as per International Monetary Fund (IMF) projections, amid a swelling budget deficit.
Economist React To Canada&#8217;s Tax Hikes: &#8220;The 2024 federal budget lands at a time when the economy is struggling to grow, the Bank of Canada is still leaning on inflation pressures, the loonie is under stress, and the impact of torrid population growth pervades across much of the country,&#8221; said Robert Kavcic, economist at BMO Economics.
With an eye on the capital gains tax increment, Kavcic questions what further measures might follow, suggesting potential unrest among capital allocators.
In a more critical assessment of Western governments&#8217; fiscal policies and Canada&#8217;s tax rise, Michael Hartnett, chief investment strategist at Bank of America, weighed in.
&#8220;Highly indebted Western governments have promises to keep, wars to fund,&#8221; Hartnett proclaimed in his latest &#8216;The Flow Show&#8217; report.
Hartnett forecasts a scenario characterized by persistent inflation, climbing yields, and heightened taxation, suggesting that this course may persist until central banks intervene to bailout the indebted public sector.
Thus far in the month, the iShares MSCI Canada Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>), which tracks the performance of major Canadian corporations, has experienced a 3% decline, on pace for the worst performing month since October 2023. 
Read Now: <a href="https://www.benzinga.com/general/macro-notification/24/04/38325320/small-group-of-hedge-funds-wields-dominance-in-us-treasury-market-a-concentration-of-v">Small Group Of Hedge Funds Wields Dominance In US Treasury Market: &#8216;A Concentration Of Vulnerability Has Built Up,&#8217; IMF Warns</a>
Image: Unsplash

Analyst Color

Government

Macro Economic Events

Macro Notification

Specialty ETFs

Treasuries

Global

Econ #s

Economics

ETFs

Canada's Capital Gains Tax Rate Jumps To 67%: 'Highly Indebted Western Governments Have Promises To Keep, Wars To Fund,' Strategist Says

WIIM

ENTG

Entegris shares are trading lower amid weakness in semiconductor-related stocks.

HSBC analyst Leroy Mnguni downgrades Harmony Gold Mining Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) from Hold to Reduce.

Downgrades

HSBC Downgrades Harmony Gold Mining Co to Reduce

In November 2023, the Japanese Ministry of Health, Labor and Welfare (MHLW) <a href="https://businessofcannabis.com/japan-takes-major-step-towards-cannabis-reform/">was tasked with developing rules and standards</a> for THC levels in Japanese cannabis products. This motion was the first cannabis reform since the <a href="https://www.japaneselawtranslation.go.jp/en/laws/view/2594/en">Cannabis Control Act, which has shaped cannabis rules in Japan for 75 years</a>. CBD is already widespread in Japan, so what will change with cannabis reform?
<h3>What Will Change With Cannabis Reform In Japan?</h3>
The potential new cannabis rules in Japan would apply to medical products, Japanese cannabis cultivation, and THC levels in products. Currently, the <a href="https://time.com/6306213/japan-cannabis-laws-loopholes-legal-high/">Japanese cannabis market allows for CBD with zero THC content</a>. These regulations confine all CBD products to isolate-based products and not full-spectrum extracts.&nbsp;
The MHLW has already announced it will legalize CBD products that contain traces of THC, as <a href="https://www.healthline.com/health/cbd-isolate-vs-full-spectrum#:~:text=Full%2Dspectrum%20CBD%20contains%20small,may%20still%20produce%20beneficial%20effects.">most agree that full-spectrum CBD is more effective than CBD isolate</a>. Japan is widely expected to comply with the <a href="https://www.usitc.gov/publications/332/executive_briefings/ebot_decarlo_weaver_keeping_the_high_out_of_hemp.pdf">international standards of less than 0.3% THC in the final product</a>. With these changes, doctors can prescribe more effective medications, increasing access for the Japanese population.
<h3>Will CBD Be A&nbsp;Medicine Or Novel Food Product In Japan?</h3>
Another question is whether CBD will be regulated as a medicine or a <a href="https://food.ec.europa.eu/safety/novel-food_en">novel food product</a>. The MHLW appears to be only looking at medical CBD products for now. It seems unlikely that the nearly 150 existing novel food CBD businesses in Japan will be affected by the new rules, but the question remains.&nbsp;
<h4>Minor Cannabinoids In Japan</h4>
In fact, with clear rules, the novel foods industry is expected to grow. It may be able to include other <a href="https://leafwell.com/blog/minor-cannabinoids">non-psychoactive cannabinoids like CBN and CBG</a>, as the main issue is not the benefits of cannabis products but the psychoactive attributes of THC. The legalization of other minor cannabinoids in Japan could enable a new level of cannabinoid research and development, creating one of the world&rsquo;s most advanced CBD and minor cannabinoid markets and drawing attention away from THC.&nbsp;
<h3>Increased Access To Pharmaceutical Cannabis In Japan</h3>
Medical producers may benefit significantly, as the new laws may open access to existing <a href="https://www.fda.gov/news-events/press-announcements/fda-approves-first-drug-comprised-active-ingredient-derived-marijuana-treat-rare-severe-forms">FDA-approved drugs like Epidiolex</a>. Ancient Doctors can prescribe some CBD or THC remedies, but there are very few registered products. Enabling access to Epidiolex or other pharmaceutical cannabis products would open prescriptions to general practitioner doctors. However, it is still being determined whether <a href="https://www.mssociety.org.uk/about-ms/treatments-and-therapies/cannabis/sativex">pharmaceutical THC products like Sativex</a> would be accepted under the new rules.&nbsp;
Medical manufacturers that can prove the highest quality standards, like <a href="https://www.ema.europa.eu/en/human-regulatory-overview/research-development/compliance-research-development/good-manufacturing-practice#:~:text=Good%20manufacturing%20practice%20(GMP)%20describes,European%20Union%20(EU)%20level.">European Union Good Manufacturing Practices (EU-GMP) certified operators</a>, would be the biggest beneficiaries in the nascent Japanese market. Producers could develop products containing minor cannabinoids, like CBN and CBG, to differentiate the market and usher in a new era of products focused on minor cannabinoids, providing a massive boom to pharmaceutical manufacturers.&nbsp;
<h3>Potential For Japanese Hemp Production</h3>
Finally, although lawmakers announced last November that Japan would allow for the cultivation of hemp and high-CBD/low-THC cannabis strains, it remains to be seen whether Japan can be economical in growing and manufacturing CBD. The country would face stiff competition, as many countries already have established infrastructures. However, just as we see with everything else Japan makes, Japan would doubtless grow the best hemp and make the best products if the country puts its mind to it.&nbsp;
In the long term, Japanese farming communities and pharmaceutical manufacturers could benefit from domestic hemp production, but global cannabis players would be immediately ready to supply Japanese markets with both registered and unregistered medical cannabis products. International CBD brands, novel foods, and pharmaceutical manufacturers would be the most immediate winners as the cannabis industry in Japan becomes more straightforward and regulated under the new laws.
<h3>Looking&nbsp;To The Future Of Japanese Medical Cannabis</h3>
Hopefully, we will all hear about the MHLW&rsquo;s proposal by summer 2024 or, at the latest, the end of the year. Japan already has a strong history of supporting the natural world through Shintoism and herbology, so having solid laws supporting the healing attributes of the cannabis plant has a foundation in the country.&nbsp;
Increased research and development, as well as the growth of the existing CBD market, will positively benefit Japan and create access to medical cannabis for those who need it. Japan is on its way to making its first significant step toward cannabis access with this new law, and I hope there will be room for future improvements as time goes on.

Asia

Cannabis

Japanese Cannabis Reform Is Almost Here

Eurozone

AAPL

Apple's Offer To Open Up Mobile Payment Tech To Be Approved By EU Regulators Next Month; Apple Tweaked Proposal After Feedback From Rivals, Users, Sources Say

Deutsche Bank AG&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) has reportedly reduced its private banking workforce in Asia by ten roles in the past week, part of ongoing cuts to focus on lucrative&nbsp;<a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/36964803/is-the-worst-over-for-the-u-s-economy-deutsche-bank-says-yes" rel="noreferrer noopener">markets and address underperformance</a>.
Around 60 positions were eliminated at Deutsche Bank in Singapore and Hong Kong over the past&nbsp;year,&nbsp;as part of the German bank&#8217;s restructuring efforts, Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-19/deutsche-bank-has-cut-dozens-in-asia-private-banking-overhaul?sref=TBDibEcD" rel="noreferrer noopener">reported</a>.
The impacted individuals include relationship managers recruited from Credit Suisse for Greater China last year, along with&nbsp;employees in product and support functions, the report read, citing people familiar with the matter.
Following years of rapid expansion, a slowdown in China&#8217;s economy has&nbsp;led to&nbsp;decreased revenues for numerous wealth management firms in the area.&nbsp;
UBS Group AG&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) recently reduced approximately 70 positions, primarily in Hong Kong and Singapore.
As of 2022, Deutsche Bank had a relationship manager headcount of 241 in Asia, as reported by the ranking of Asian private bankers, Bloomberg said.
At Deutsche Bank, numerous private bankers have been dismissed either due to performance issues or to facilitate the creation of new positions in other markets, including the Middle East, Bloomberg added.
Read Next:<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38331941/palantir-technologies-pitches-agencies-for-inventory-and-supply-chain-management-use-cases-whats" rel="noreferrer noopener">&nbsp;</a><a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38331941/palantir-technologies-pitches-agencies-for-inventory-and-supply-chain-management-use-cases-whats" rel="noreferrer noopener">Palantir Technologies Pitches Agencies For Inventory And Supply Chain Management Use Cases &#8211; What&#8217;s Going On?</a>
Price Action:&nbsp;DB shares are trading higher by 0.38% to $15.86&nbsp;on&nbsp;the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by 1take1shot on Shutterstock

Equities

Media

Deutsche Bank's Asia Private Banking Workforce Slashed Amid Restructuring Efforts: Report

Benchmark&nbsp;analyst Daniel Kurnos reiterated&nbsp;Roku Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with a Buy rating and a&nbsp;<a target="_blank" href="https://www.benzinga.com/quote/ROKU/analyst-ratings" rel="noreferrer noopener">$115&nbsp;price target</a>.
The analyst noted that Roku has had a tough couple of months since the last print, during which shares moved back rapidly and ultimately below the hypothetical $60 support level.&nbsp;
Kurnos tweaked his second and third-quarter projections to align with the consensus on Platform growth. Still, he maintained his above-consensus view for the fourth quarters of 2024 and 2025, with investors clearly skeptical of the latter after all the recent commentary.&nbsp;
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38224336/whats-going-on-with-roku-shares-after-reporting-data-leak-involving-576-000-accounts" rel="noreferrer noopener">What's&nbsp;Going On With Roku Shares After Reporting Data Leak Involving 576,000 Accounts?</a>
The analyst liked that sentiment across the board is highly damaging regarding upside share price potential, although&nbsp;he suspected that, even with some possible tailwinds from traditional TV budgets and incremental 3P DSP usage, near-term fundamental blowouts seem less likely.&nbsp;
However, the analyst noted Roku is undervalued in the broader ecosystem and suspects that many of the competition fears are overblown.&nbsp;&nbsp;
Kurnos projected first-quarter revenue and EPS of $851 million and $(0.82) versus Street consensus of $844 million and $(0.66).
Wedbush&nbsp;analyst Michael Pachter maintained Roku (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) with an Outperform and lowered the price target from&nbsp;$120&nbsp;to&nbsp;$80.
The analyst notes that Roku reached positive annual EBITDA one year earlier than its guidance and has committed to further improvement in 2024 EBITDA while expanding FCFd.&nbsp;
According to Pachter, Roku has found religion in generating and expanding FCF and will not revert to excessive spending for long-term growth.&nbsp;
Instead, Roku intends to balance new initiatives that result in near-term ROI with expanding FCF and tracking toward positive net income.&nbsp;
He noted that Roku continues taking market share as ad dollars shift from linear to digital-connected TV.
Roku also captures an expanding share of new front ad bookings by adding incremental ad inventory to its platform. It should soon benefit from the rebound in scatter demand and pricing.&nbsp;
While Pachter was previously sanguine about&nbsp;Roku's&nbsp;e-commerce opportunity, he became aware of some competitive disadvantages for Roku and its need to ramp up investment to compete in the space.&nbsp;
Coupled with industrywide headwinds in media and entertainment&nbsp;spending, Pachter noted that&nbsp;Roku's&nbsp;focus on expanding positive EBITDA in 2024 may inhibit its ability to compete on the e-commerce front.&nbsp;
Pachter expects Roku to report first-quarter revenue of $855 million and EPS of $(0.61).
Roku stock plunged over 35% year-to-date. Investors can gain exposure to the stock via&nbsp;ARK Next Generation Internet ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) and&nbsp;ARK Innovation ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>).
Price Action:  ROKU shares are trading lower by 3.07% to $56.89 on the last check Friday. 
Image credits: renata colella on Shutterstock

Reiteration

ARKK

ARKW

ROKU

Roku's Analysts Are Changing Their Forecasts On The Stock - Here's Why

Western Alliance shares are trading higher following better-than-expected Q1 financial results.

Western Digital shares are trading lower amid overall weakness in chip and hardware stocks.

Foxtons Group