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Under normal market conditions, the Fund invests at least 80 percent of its total assets in affiliated and unaffiliated exchange-traded funds and other exchange-traded products that provide exposure to various (i) investment asset classes, including equity and fixed income securities, real estate, commodities, and currencies, and (ii) factors such as value, momentum, and trend investing. The Fund invests in Underlying Vehicles that seek exposure to undervalued markets, according to various valuation metrics, such as the cyclically adjusted price-to-earnings ratio, commonly known as the CAPE Shiller P/E ratio, while seeking to avoid overvalued markets through the use of systematic quantitative screens. The Fund also invests in Underlying Vehicles with momentum and trend following strategies. Momentum and trend following strategies, both of which are based on quantitative and algorithmic models, attempt to (1) invest in assets when their prices are in an uptrend i.e., prices are increasing over a specified time period or increasing relative to the prices of other assets, and (2) sell assets when their prices are in a downtrend i.e., prices are decreasing over a specified time period or decreasing relative to the prices of other assets.

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<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Trade Desk</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades 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 TTD, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Trade Desk.</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 special options we uncovered, 4 are puts, for a total amount of $808,150, and 4 are calls, for a total amount of $244,857.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $115.0 for Trade Desk over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In terms of liquidity and interest, the mean open interest for Trade Desk options trades today is 754.25 with a total volume of 633.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Trade Desk's big money trades within a strike price range of $50.0 to $115.0 over the last 30 days.</p>
<h3>Trade Desk Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726864342_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</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>TTD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$15.05</td>
<td>$14.4</td>
<td>$15.02</td>
<td>$115.00</td>
<td>$600.8K</td>
<td>208</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.9</td>
<td>$14.3</td>
<td>$14.3</td>
<td>$100.00</td>
<td>$143.0K</td>
<td>440</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.55</td>
<td>$4.35</td>
<td>$4.52</td>
<td>$105.00</td>
<td>$118.4K</td>
<td>2.4K</td>
<td style="text-align: right;">401</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$19.6</td>
<td>$19.2</td>
<td>$19.2</td>
<td>$90.00</td>
<td>$57.6K</td>
<td>1.3K</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$22.7</td>
<td>$21.6</td>
<td>$21.6</td>
<td>$90.00</td>
<td>$43.2K</td>
<td>451</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>
</p>
<h3>About Trade Desk</h3>
<p>The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on different devices like computers, smartphones, and connected TVs. It utilizes data to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry. The firm generates its revenue from fees based on a percentage of what its clients spend on advertising.</p>
<p>After a thorough review of the options trading surrounding Trade Desk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Trade Desk Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 3,241,277, with TTD's price down by -0.57%, positioned at $109.51.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 48 days.</li>
</ul>
<h3>What Analysts Are Saying About Trade Desk</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $119.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Loop Capital persists with their Buy rating on Trade Desk, maintaining a target price of $120.<br />
&#x2A; Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $115.<br />
&#x2A; In a cautious move, an analyst from B of A Securities downgraded its rating to Buy, setting a price target of $135.<br />
&#x2A; An analyst from Wedbush persists with their Outperform rating on Trade Desk, maintaining a target price of $115.<br />
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Neutral with a new price target of $110.</p>
<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 Trade Desk, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Markets

Spotlight on Trade Desk: Analyzing the Surge in Options Activity

<p>Financial giants have made a conspicuous bullish move on Carvana. Our analysis of options history for Carvana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) revealed 24 unusual trades.</p>
<p>Delving into the details, we found 62% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $609,015, and 12 were calls, valued at $2,048,631.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $250.0 for Carvana over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Carvana's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Carvana's whale activity within a strike price range from $70.0 to $250.0 in the last 30 days. </p>
<h3>Carvana 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726864336_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>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$26.9</td>
<td>$24.35</td>
<td>$26.67</td>
<td>$146.00</td>
<td>$1.3M</td>
<td>3.8K</td>
<td>3.0K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$69.4</td>
<td>$68.05</td>
<td>$69.4</td>
<td>$105.00</td>
<td>$138.8K</td>
<td>20</td>
<td>0</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$2.24</td>
<td>$2.03</td>
<td>$2.04</td>
<td>$180.00</td>
<td>$102.5K</td>
<td>619</td>
<td>1.6K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$72.5</td>
<td>$71.4</td>
<td>$72.5</td>
<td>$100.00</td>
<td>$94.2K</td>
<td>222</td>
<td>0</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$20.2</td>
<td>$18.35</td>
<td>$19.14</td>
<td>$155.00</td>
<td>$78.4K</td>
<td>2.2K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Carvana</h3>
<p>Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.</p>
<h3>Carvana's Current Market Status</h3>
<ul>
<li>With a volume of 5,365,127, the price of CVNA is up 1.65% at $173.56. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 41 days.</li>
</ul>
<h3>What Analysts Are Saying About Carvana</h3>
<p>Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $183.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; In a cautious move, an analyst from B of A Securities downgraded its rating to Buy, setting a price target of $185.<br />
&#x2A; An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Carvana, which currently sits at a price target of $157.<br />
&#x2A; An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $200.<br />
&#x2A; An analyst from Stephens &amp; Co. downgraded its action to Overweight with a price target of $190. </p>
<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 Carvana options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


CVNA

Unpacking the Latest Options Trading Trends in Carvana

<p>Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) has outperformed the market over the past 10 years by 11.95% on an annualized basis producing an average annual return of 23.16%. Currently, Quanta Services has a market capitalization of $42.86 billion. </p>
<p><strong>Buying $100 In PWR:</strong> If an investor had bought $100 of PWR stock 10 years ago, it would be worth <strong>$786.19</strong> today based on a price of $290.89 for PWR at the time of writing.</p>
<h3>Quanta Services's Performance Over Last 10 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726864218_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Trading Ideas

Here's How Much You Would Have Made Owning Quanta Services Stock In The Last 10 Years

<p>Jim Cramer, the host of CNBC&#8217;s &#8220;Mad Money,&#8221; is known for his energetic and often controversial <a href="https://www.benzinga.com/markets/24/09/40905525/jim-cramer-says-he-likes-this-nancy-pelosi-portfolio-stock-very-much-and-this-ai-play-is-reasonably">takes on the stock market</a>. However, Cramer&#8217;s message on retirement planning is crystal clear and emphatic: &#8220;When it comes to managing your money, nothing is more important than retirement.&#8221;</p>
<p><strong>Don't Miss:</strong></p>
<ul>
<li><strong>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"><strong> </strong><strong>How do you compare</strong></a>?</strong></li>
<li><strong>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"><strong> </strong><strong>How does it compare to the average?</strong></a></strong></li>
</ul>
<p>Cramer doesn&#8217;t hold back about financial education. &#8220;There&#8217;s a gaping hole in the American education system,&#8221; he says. Sure, high schools teach chemistry, geometry and even foreign languages. You might graduate college fluent in French and capable of discussing quantum physics. But as Cramer points out, &#8220;the one thing they almost never teach … financial literacy.&#8221; He&#8217;s not talking about economics but the everyday stuff: financial planning, <a href="https://www.benzinga.com/personal-finance/24/01/36696321/will-your-1-5-million-nest-egg-last-if-you-retire-early-at-62">retirement readiness</a> and investing.</p>
<p><strong>Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"><strong> </strong><strong>re-engineers traditional banking with this new high-yield account — start saving better today.</strong></a></strong></p>
<p>Retirement planning might feel like something to tackle later, but Cramer wants you to pay attention. He says, "For those of you who are about to change the channel because the whole idea of saving for retirement puts you to sleep, hear me out … You need to know this stuff." He believes your future self will thank you for sorting out your retirement funds. Eventually, everyone will stop working – "Hopefully sooner rather than later," he quips, unless you're lucky enough to love your job.</p>
<p>Now, Cramer isn't here to sing the praises of the 401(k) as the be-all and end-all of financial planning. He knows it's a mixed bag. "Sometimes I think it's the wrong approach," he admits.&nbsp;</p>
<p><strong><em>See Also: <a href="https://www.benzinga.com/money/charlie-munger-100k"><strong><em>Charlie Munger said if you want to be rich, &#8220;find a way to get your hands on $100,000&#8221; — here&#8217;s what he means.</em></strong></a></em></strong></p>
<p><strong>The Good</strong></p>
<p>One of the best aspects of a 401(k) is its tax-deferred status. "You pay no taxes on what you put in and you never pay a penny of capital gains taxes on the profits you make within your 401(k)," Cramer says. This allows your investments to compound tax-free until withdrawals begin. Cramer calls compounding "the eighth wonder of the world." Investing $5,000 a year at age 30 could grow to over $511,000 by 60.</p>
<p>Another perk? Employer matching. "For every dollar you invest in your 401(k) plan, your employer might say, ‘Hey, we'll throw in 50 cents.'" Cramer urges you to use free money if your company offers it.</p>
<p><strong>Trending: A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"><strong> you can become part of the next big real estate boom today.</strong></a></strong></p>
<p><strong>The Bad</strong></p>
<p>But it's not all sunshine and rainbows. "401(k) plans can have many problems," Cramer warns. They can be riddled with hidden fees that eat away at returns. "I find that extortionate," he says. Some employers offer many choices while others limit you to just a few mutual funds.</p>
<p><strong>The Ugly</strong></p>
<p>Without employer matching, the 401(k) looks less attractive. In that case, Cramer suggests considering an IRA, which offers the same tax-deferred status and can be rolled over when changing jobs. "You can only contribute $6,500 a year to your IRA," he notes, rising to $7,500 if you're over 50. It's lower than the 401(k) limit but without some strings attached.</p>
<p><strong>Trending: The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires"><strong> </strong><strong>Here are three ways to join the club.</strong></a></strong></p>
<h2 class="wp-block-heading">So, What Should You Do?</h2>
<p>Cramer's advice? Be picky. "Before you contribute money to your 401(k), make sure it gives you the option to put your cash into something worth investing in." If you're stuck with a limited range of choices, opt for a low-cost index fund that mirrors the market.</p>
<p>Cramer's not saying to ditch the 401(k) altogether, but he's <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">urging you to be smart about it.</a> Take the free money if your employer offers it, avoid high fees and choose your investments wisely.&nbsp;</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"><strong> </strong><strong>Tax deferring is their number one strategy</strong></a>.</strong></li>
<li><strong>During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"><strong> </strong><strong>high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</strong></a></strong></li>
</ul>


Personal Finance

Jim Cramer Insists: 'When It Comes To Managing Your Money, Nothing Is More Important Than Retirement' – Even If The Topic 'Puts You To Sleep'

<p>GameStop (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) has outperformed the market over the past 5 years by 63.2% on an annualized basis producing an average annual return of 77.15%. Currently, GameStop has a market capitalization of $9.28 billion. </p>
<p><strong>Buying $100 In GME:</strong> If an investor had bought $100 of GME stock 5 years ago, it would be worth <strong>$1,741.04</strong> today based on a price of $21.75 for GME at the time of writing.</p>
<h3>GameStop's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726864213_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


$100 Invested In This Stock 5 Years Ago Would Be Worth $1,700 Today

<h3>GAINERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/LBUY"><strong>Leafbuyer Techs</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LBUY#OTC">LBUY</a>) shares closed up 1491.67% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/BMMJ"><strong>Body and Mind</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BMMJ#OTC">BMMJ</a>) shares closed up 42.26% at $0.03</li>
<li><a href="https://www.benzinga.com/quote/ELLXF"><strong>Elixinol Wellness</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ELLXF#OTC">ELLXF</a>) shares closed up 22.73% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/OILFF"><strong>Nextleaf Solutions</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/OILFF#OTC">OILFF</a>) shares closed up 18.97% at $0.07</li>
<li><a href="https://www.benzinga.com/quote/FUAPF"><strong>Global Compliance</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FUAPF#OTC">FUAPF</a>) shares closed up 16.58% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/LMLLF"><strong>Pharmadrug</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LMLLF#OTC">LMLLF</a>) shares closed up 11.52% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/BBRRF"><strong>Blueberries Medical</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BBRRF#OTC">BBRRF</a>) shares closed up 4.00% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/NWVCF"><strong>EnWave</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NWVCF#OTC">NWVCF</a>) shares closed up 3.95% at $0.15</li>
<li><a href="https://www.benzinga.com/quote/OGI"><strong>OrganiGram Holdings</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OGI#NASDAQ">OGI</a>) shares closed up 3.26% at $1.80</li>
<li><a href="https://www.benzinga.com/quote/CNTMF"><strong>Cansortium</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CNTMF#OTC">CNTMF</a>) shares closed up 3.05% at $0.17</li>
</ul>
<h3>LOSERS:</h3>
<ul>
<li><a href="https://www.benzinga.com/quote/CRBP"><strong>Corbus Pharmaceuticals</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRBP#NASDAQ">CRBP</a>) shares closed down 61.70% at $19.51</li>
<li><a href="https://www.benzinga.com/quote/CBDY"><strong>Target Group</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBDY#OTC">CBDY</a>) shares closed down 31.03% at $0.00</li>
<li><a href="https://www.benzinga.com/quote/FFNTF"><strong>4Front Ventures</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFNTF#OTC">FFNTF</a>) shares closed down 18.03% at $0.04</li>
<li><a href="https://www.benzinga.com/quote/ITHUF"><strong>iAnthus Capital Hldgs</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITHUF#OTC">ITHUF</a>) shares closed down 13.85% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/CURR"><strong>Currenc Group</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURR#NASDAQ">CURR</a>) shares closed down 10.27% at $2.95</li>
<li><a href="https://www.benzinga.com/quote/RMHB"><strong>Rocky Mountain High</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RMHB#OTC">RMHB</a>) shares closed down 10.00% at $0.01</li>
<li><a href="https://www.benzinga.com/quote/VFF"><strong>Village Farms Intl</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VFF#NASDAQ">VFF</a>) shares closed down 9.18% at $0.85</li>
<li><a href="https://www.benzinga.com/quote/CXXIF"><strong>C21 Investments</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CXXIF#OTC">CXXIF</a>) shares closed down 7.76% at $0.22</li>
<li><a href="https://www.benzinga.com/quote/UGRO"><strong>Urban-gro</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UGRO#NASDAQ">UGRO</a>) shares closed down 5.76% at $1.31</li>
<li><a href="https://www.benzinga.com/quote/BLGVF"><strong>Belgravia Hartford Cap</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BLGVF#OTC">BLGVF</a>) shares closed down 5.50% at $0.02</li>
<li><a href="https://www.benzinga.com/quote/GRWG"><strong>GrowGeneration</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRWG#NASDAQ">GRWG</a>) shares closed down 5.12% at $2.04</li>
<li><a href="https://www.benzinga.com/quote/EAST"><strong>Eastside Distilling</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EAST#NASDAQ">EAST</a>) shares closed down 4.94% at $0.51</li>
<li><a href="https://www.benzinga.com/quote/SNDL"><strong>SNDL</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) shares closed down 4.76% at $1.99</li>
<li><a href="https://www.benzinga.com/quote/MRMD"><strong>MariMed</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MRMD#OTC">MRMD</a>) shares closed down 4.59% at $0.16</li>
<li><a href="https://www.benzinga.com/quote/CPHRF"><strong>Cipher Pharmaceuticals</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CPHRF#OTC">CPHRF</a>) shares closed down 3.53% at $10.67</li>
<li><a href="https://www.benzinga.com/quote/TLRY"><strong>Tilray Brands</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>) shares closed down 3.38% at $1.72</li>
<li><a href="https://www.benzinga.com/quote/YCBD"><strong>cbdMD</strong></a> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/YCBD#AMEX">YCBD</a>) shares closed down 3.33% at $0.47</li>
<li><a href="https://www.benzinga.com/quote/XXII"><strong>22nd Century Group</strong></a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) shares closed down 3.15% at $0.26</li>
<li><a href="https://www.benzinga.com/quote/TCNNF"><strong>Trulieve Cannabis</strong></a> (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>) shares closed down 3.02% at $11.04</li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Cannabis

Movers

BBRRF

BLGVF

BMMJ

CBDY

CNTMF

CPHRF

CRBP

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

CXXIF

EAST

ELLXF

FFNTF

FUAPF

GRWG

ITHUF

LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

LBUY

LMLLF

MRMD

NWVCF

OILFF

RMHB

SNDL

TCNNF

TLRY

UGRO

XXII

YCBD

Cannabis Stock Movers For September 20, 2024

<p><a href="https://x.com/MattNachtrab/status/1837188432335888683" title="https://x.com/MattNachtrab/status/1837188432335888683">https://x.com/MattNachtrab/status/1837188432335888683</a></p>


SAVA

UPDATE: Matt Nachtrab Responds To Adam Feuerstein Tweet 'Classic misinformation or FUD spread by the court jester for the short sellers of $sava.  He is the king of manipulation of biotech stocks to benefit short sellers.  Maybe I am disrupting their plans?'

Stock Split

SoFi Approved 1 For 5 Reverse Stock Split For SoFi Select 500 ETF

<p>Financial giants have made a conspicuous bearish move on Moderna. Our analysis of options history for Moderna (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) revealed 22 unusual trades.</p>
<p>Delving into the details, we found 31% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 13 were puts, with a value of $4,197,475, and 9 were calls, valued at $516,749.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $120.0 for Moderna over the last 3 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 Moderna'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 Moderna's whale trades within a strike price range from $50.0 to $120.0 in the last 30 days. </p>
<h3>Moderna Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726863434_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 style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$55.0</td>
<td>$54.25</td>
<td>$54.5</td>
<td>$120.00</td>
<td>$1.3M</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">752</td>
</tr>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$55.0</td>
<td>$54.75</td>
<td>$55.0</td>
<td>$120.00</td>
<td>$1.0M</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">952</td>
</tr>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$54.15</td>
<td>$54.1</td>
<td>$54.15</td>
<td>$120.00</td>
<td>$552.3K</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">102</td>
</tr>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$54.05</td>
<td>$54.0</td>
<td>$54.05</td>
<td>$120.00</td>
<td>$502.6K</td>
<td style="text-align: right;">46</td>
<td style="text-align: right;">272</td>
</tr>
<tr>
<td>MRNA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$19.05</td>
<td>$16.6</td>
<td>$18.45</td>
<td>$65.00</td>
<td>$276.7K</td>
<td style="text-align: right;">104</td>
<td style="text-align: right;">150</td>
</tr>
</tbody>
</table>
</p>
<h3>About Moderna</h3>
<p>Moderna is a commercial-stage biotech that was founded in 2010 and had its initial public offering in December 2018. The firm's mRNA technology was rapidly validated with its covid vaccine, which was authorized in the United States in December 2020. Moderna had 40 mRNA development candidates in clinical development as of September 2024. Programs span a wide range of therapeutic areas, including infectious disease, oncology, cardiovascular disease, and rare genetic diseases.</p>
<p>Having examined the options trading patterns of Moderna, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of Moderna</h3>
<ul>
<li>Trading volume stands at 12,030,554, with MRNA's price down by -3.43%, positioned at $65.69.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 41 days.</li>
</ul>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.</p>
<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 Moderna options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


MRNA

Moderna Unusual Options Activity For September 20

<p>Financial giants have made a conspicuous bullish move on XPeng. Our analysis of options history for XPeng (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) revealed 8 unusual trades.</p>
<p>Delving into the details, we found 50% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $101,800, and 5 were calls, valued at $879,208.</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 $6.0 to $10.0 for XPeng during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for XPeng's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of XPeng's whale activity within a strike price range from $6.0 to $10.0 in the last 30 days. </p>
<h3>XPeng Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726863429_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><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$1.82</td>
<td>$1.75</td>
<td>$1.82</td>
<td>$10.00</td>
<td>$387.1K</td>
<td>465</td>
<td>2.1K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$1.88</td>
<td>$1.85</td>
<td>$1.88</td>
<td>$10.00</td>
<td>$363.5K</td>
<td>465</td>
<td>4.0K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.85</td>
<td>$3.8</td>
<td>$3.8</td>
<td>$6.00</td>
<td>$53.1K</td>
<td>1.3K</td>
<td>143</td>
</tr>
<tr>
<td>XPEV</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$0.15</td>
<td>$0.13</td>
<td>$0.13</td>
<td>$8.50</td>
<td>$39.0K</td>
<td>277</td>
<td>3.1K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$1.91</td>
<td>$1.89</td>
<td>$1.89</td>
<td>$10.00</td>
<td>$37.8K</td>
<td>465</td>
<td>4.5K</td>
</tr>
</tbody>
</table>
</p>
<h3>About XPeng</h3>
<p>Founded in 2015, XPeng is a leading Chinese smart electric vehicle company that designs, develops, manufactures, and markets EVs in China. Its products primarily target the growing base of technology-savvy middle-class consumers in the midrange to high-end segment in China's passenger vehicle market. The company sold over 141,000 EVs in 2023, accounting for about 2% of China's passenger new energy vehicle market. It is also a leader in autonomous driving technology.</p>
<p>Following our analysis of the options activities associated with XPeng, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is XPeng Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 12,013,899, the XPEV's price is up by 2.13%, now at $9.59. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 54 days.</li>
</ul>
<h3>Expert Opinions on XPeng</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $11.5.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; Showing optimism, an analyst from JP Morgan upgrades its rating to Overweight with a revised price target of $11. </p>
<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 XPeng with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


XPEV

XPeng's Options Frenzy: What You Need to Know

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Workday</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades 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 WDAY, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Workday.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 76% bullish and 7%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $112,330, and 10 are calls, for a total amount of $1,420,928.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $240.0 to $250.0 for Workday over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Workday stands at 683.5, with a total volume reaching 5,349.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Workday, situated within the strike price corridor from $240.0 to $250.0, throughout the last 30 days.</p>
<h3>Workday Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726863424_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 style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.9</td>
<td>$15.6</td>
<td>$15.73</td>
<td>$250.00</td>
<td>$225.6K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">673</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.8</td>
<td>$15.7</td>
<td>$15.87</td>
<td>$250.00</td>
<td>$223.3K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">882</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$16.1</td>
<td>$15.6</td>
<td>$15.85</td>
<td>$250.00</td>
<td>$205.0K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">222</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$15.9</td>
<td>$15.7</td>
<td>$15.87</td>
<td>$250.00</td>
<td>$158.4K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">511</td>
</tr>
<tr>
<td>WDAY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$15.9</td>
<td>$15.8</td>
<td>$15.86</td>
<td>$250.00</td>
<td>$156.8K</td>
<td style="text-align: right;">753</td>
<td style="text-align: right;">386</td>
</tr>
</tbody>
</table>
</p>
<h3>About Workday</h3>
<p>Workday is a software company that offers human capital management, or HCM, financial management, and business planning solutions. Known for being a cloud-only software provider, Workday is headquartered in Pleasanton, California. Founded in 2005, Workday now employs over 18,000 employees.</p>
<p>Having examined the options trading patterns of Workday, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of Workday</h3>
<ul>
<li>Currently trading with a volume of 3,612,779, the WDAY's price is up by 0.35%, now at $248.29. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 67 days.</li>
</ul>
<h3>What The Experts Say On Workday</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 $297.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Goldman Sachs has decided to maintain their Buy rating on Workday, which currently sits at a price target of $305.<br />
&#x2A; Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Workday, targeting a price of $305.<br />
&#x2A; Maintaining their stance, an analyst from Deutsche Bank continues to hold a Hold rating for Workday, targeting a price of $275.<br />
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on Workday, which currently sits at a price target of $300.<br />
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Workday, targeting a price of $300. </p>
<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 Workday with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


WDAY

Workday's Options: A Look at What the Big Money is Thinking

Maxeon Solar Technologies, Ltd. - Ordinary Shares

MAXN

Maxeon Receives Nasdaq Delisting Notification

<p>The Federal Reserve&#8217;s decision cut interest rates by 0.5% on Wednesday <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40943496/fed-rate-cut-eases-debt-refinancing-for-smaller-cloud-computing-firms-analyst-flags">may pull investors</a> away from money market funds and into longer duration bonds, according to a portfolio manager.</p>
<p>Total money market fund assets&nbsp;decreased by $20.02 billion to $6.30 trillion for a week ending on Wednesday, Sept. 18, the Investment Company Institute said. Among taxable money market funds, government funds&nbsp;decreased by $18.82 billion and prime funds decreased by $2.42 billion.&nbsp;</p>
<p>&#8220;Historically, we&#8217;ve seen more assets move into longer duration bonds when yields have fallen, and I think we&#8217;ve already seen some of that happen this year,&#8221; said <strong>Timothy Ng</strong>, a fixed-income portfolio manager with <strong>Capital Group</strong>.</p>
<p>&#8220;I expect this trend to continue as the Fed continues to cut rates,&#8221; he said.</p>
<p><strong>Read Also: <a href="https://www.benzinga.com/real-estate/reit/24/09/40949753/mortgage-rates-near-6-demand-increases-for-refinancing-purchases">Mortgage Rates Near 6%, Demand Increases For Refinancing, Purchases</a></strong></p>
<p>&#8220;I think some of that flow will go into both equities and bonds, but in terms of relative scale, it will likely depend on the outlook for the economy, valuations and market sentiment between the two asset classes.&#8221;</p>
<p>A lot of assets moved into the money markets in recent years because money market yields were very attractive, but that may no longer be the case as the Fed plans to make further rate cuts this year, he said.</p>
<p>&#8220;Now you&#8217;re not getting as much yield waiting around, and you run the risk of missing out on capital appreciation that comes with having more duration in your portfolio as yields fall,&#8221; he said.</p>
<p><strong>Price Action: </strong>Exchange-traded funds that hold money market funds gained slightly into Friday&#8217;s late-afternoon trading.</p>
<ul id="mntl-sc-block_7-0">
<li><strong>iShares Short Treasury Bond ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHV#NASDAQ">SHV</a>) gained 0.05%</li>
<li><strong>BlackRock Short Maturity Bond ETF</strong> (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NEAR#BATS">NEAR</a>) rose 0.06%</li>
<li><strong>SPDR Bloomberg Barclays 1-3 Month T-Bill ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIL#NYSE">BIL</a>) went up 0.044%</li>
<li><strong>Invesco&nbsp;Ultra Short Duration ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GSY#NYSE">GSY</a>) picked up 0.07%</li>
</ul>
<p><strong>Read Now:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/09/40950904/claudia-sahm-underscores-feds-mandate-to-protect-jobs-says-additional-cuts-expected-the-time-to-supp">Claudia Sahm Underscores Fed&#8217;s Mandate to Protect Jobs, Says Additional Cuts Expected: &#8216;The Time To Support The Labor Market Is When It&#8217;s Strong&#8217;</a></strong></li>
</ul>
<p><em>Photo: Shutterstock</em></p>


Economics

Federal Reserve

ETFs

NEAR

Fed Rate Cut May Drive Investors Away From Money Markets, Says Portfolio Manager

<p>iBio (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IBIO#AMEX">IBIO</a>) reported quarterly losses of $(6.50) per share which beat the analyst consensus estimate of $(7.41) by 12.28 percent.  The company reported quarterly sales of $225.000 thousand which beat the analyst consensus estimate of $25.000 thousand by 800.00 percent.</p>


Earnings

Earnings Beats

IBIO

iBio FY 2024 GAAP EPS $(6.50) Beats $(7.41) Estimate, Sales $225.000K Beat $25.000K Estimate

<p>Financial giants have made a conspicuous bearish move on CrowdStrike Holdings. Our analysis of options history for CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) revealed 44 unusual trades.</p>
<p>Delving into the details, we found 38% of traders were bullish, while 45% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $485,505, and 32 were calls, valued at $1,672,938.</p>
<h3>What's The Price Target?</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 $160.0 and $350.0 for CrowdStrike Holdings, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of CrowdStrike Holdings stands at 1009.16, with a total volume reaching 14,198.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in CrowdStrike Holdings, situated within the strike price corridor from $160.0 to $350.0, throughout the last 30 days.</p>
<h3>CrowdStrike Holdings Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726862890_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>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$5.65</td>
<td>$5.6</td>
<td>$5.6</td>
<td>$310.00</td>
<td>$138.3K</td>
<td>2.9K</td>
<td style="text-align: right;">775</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$29.65</td>
<td>$29.25</td>
<td>$29.45</td>
<td>$265.00</td>
<td>$115.0K</td>
<td>512</td>
<td style="text-align: right;">447</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$29.65</td>
<td>$29.25</td>
<td>$29.46</td>
<td>$265.00</td>
<td>$94.5K</td>
<td>512</td>
<td style="text-align: right;">447</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$19.1</td>
<td>$18.85</td>
<td>$18.85</td>
<td>$270.00</td>
<td>$94.2K</td>
<td>2.5K</td>
<td style="text-align: right;">301</td>
</tr>
<tr>
<td>CRWD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$29.65</td>
<td>$28.95</td>
<td>$29.37</td>
<td>$265.00</td>
<td>$85.2K</td>
<td>512</td>
<td style="text-align: right;">447</td>
</tr>
</tbody>
</table>
</p>
<h3>About CrowdStrike Holdings</h3>
<p>CrowdStrike is a cloud-based cybersecurity company specializing in next-generation security verticals such as endpoint, cloud workload, identity, and security operations. CrowdStrike's primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.</p>
<p>Following our analysis of the options activities associated with CrowdStrike Holdings, we pivot to a closer look at the company's own performance.</p>
<h3>CrowdStrike Holdings's Current Market Status</h3>
<ul>
<li>Trading volume stands at 9,545,342, with CRWD's price up by 8.03%, positioned at $299.64.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 67 days.</li>
</ul>
<h3>Expert Opinions on CrowdStrike Holdings</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $322.4.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Raymond James has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $275.<br />
&#x2A; An analyst from Rosenblatt persists with their Buy rating on CrowdStrike Holdings, maintaining a target price of $330.<br />
&#x2A; An analyst from Cantor Fitzgerald has decided to maintain their Overweight rating on CrowdStrike Holdings, which currently sits at a price target of $350.<br />
&#x2A; An analyst from Bernstein has decided to maintain their Outperform rating on CrowdStrike Holdings, which currently sits at a price target of $327.<br />
&#x2A; Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for CrowdStrike Holdings, targeting a price of $330. </p>
<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 CrowdStrike Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


CRWD

Check Out What Whales Are Doing With CRWD

<p><strong>Nike, Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) is the latest company to take part in what has become a trend among big companies: bringing back an executive to assume <a href="https://www.benzinga.com/news/24/09/40954074/why-nike-shares-are-trading-higher-by-around-7-here-are-20-stocks-moving-premarket">the role of CEO</a>.</p>
<p>The sneaker giant <a href="https://www.benzinga.com/news/24/09/40957353/nikes-new-ceo-elliott-hill-to-focus-on-repairing-retailer-relations">announced on Thursday</a> the appointment of <strong>Elliott Hill</strong>, the company&#8217;s former president of consumer and marketplace who has been with Nike for three decades, as its new CEO to replace retiring CEO <strong>John Donahoe</strong>.</p>
<p>Nike is not alone in having an executive — the company&#8217;s former CEO, in many cases — return to the company to fill its top leadership post in a &#8220;Boomerang CEO&#8221; trend.</p>
<p><strong>Read Also: <a href="https://www.benzinga.com/news/24/04/38209892/nike-stock-jumps-on-upgrade-to-buy-as-analyst-says-its-time-to-just-do-it">Nike Stock Jumps On Upgrade To Buy As Analyst Says It&#8217;s &#8216;Time To Just Do It&#8217;</a></strong></p>
<ul>
<li><strong>Bob Iger</strong>: Almost two years ago, Iger returned to <strong>The Walt Disney Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) <a href="https://www.benzinga.com/general/entertainment/22/11/29798775/bob-iger-returns-as-disney-ceo-after-reports-of-growing-rift-with-bob-chapek">as its CEO</a> to replace CEO <strong>Bob Chapek</strong>. Iger previously served in that top role from 2005 to 2020. Last July, the company&#8217;s board voted unanimously to extend his CEO contract to <a href="https://www.benzinga.com/news/23/07/33207650/disneys-board-votes-for-continuity-extends-ceo-igers-contract-to-2026">the end of 2026</a>.</li>
</ul>
<ul>
<li><strong>Howard Schulz</strong>: In April 2022, Schulz returned to <a href="https://www.benzinga.com/news/22/03/26163125/starbucks-ceo-kevin-johnson-announces-retirement-founder-howard-schultz-to-return-in-interim-role">the CEO post</a> at <strong>Starbucks Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) for the third time in an interim capacity to fill in for retiring CEO<strong> Kevin Johnson</strong>. Schulz founded the company and served as CEO first from 1986 to 2000 and again from 2008 to 2017. He stepped down as interim CEO in August to <a href="https://www.benzinga.com/top-stories/24/08/40396716/starbucks-new-ceo-brian-niccol-boosts-company-valuation-by-over-15b-in-one-day-whats-his-net-worth">hand over the reins</a> to <strong>Brian Niccol</strong>, former CEO of <strong>Chipotle Mexican Grill, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>).</li>
</ul>
<ul>
<li><strong>Kevin Plank</strong>: At the end of April, Plank<a href="https://www.benzinga.com/markets/equities/24/03/37690723/kevin-plank-returns-as-ceo-under-armours-original-visionary-takes-charge-again"> returned as CEO</a> of <strong>Under Armour, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) to replace <strong>Stephanie Linnartz</strong>. He previously served as CEO of the apparel company from 1996, the year he founded it, to 2020.</li>
</ul>
<ul>
<li><strong>Sam Altman</strong>: In November 2023, Altman <a href="https://www.benzinga.com/news/23/11/35911061/sam-altman-to-return-as-openai-ceo-as-new-board-collaborating-to-figure-out-details">returned as the CEO</a> of OpenAI just four days after he was ousted from the position. He was reinstated as CEO on Nov. 22, two days after employees demanded that Altman be given back his CEO job.</li>
</ul>
<ul>
<li><strong>Sergio Ermotti</strong>: In April 2023, Ermotti returned <a href="https://www.benzinga.com/news/large-cap/23/03/31546168/ubs-rehires-former-ceo-to-oversee-credit-suisse-takeover">as the CEO</a> of <strong>UBS Group AG</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) to oversee its takeover of Credit Suisse. Ermotti, who assumed the position after CEO Ralph Hamers stepped down, was previously UBS&#8217; CEO from November 2011 to November 2020</li>
</ul>
<p><strong>Price Action:</strong> These companies with returning CEOs saw gains and losses into Friday&#8217;s early-afternoon trading.</p>
<ul>
<li>Nike rose 6.41% to $86.17</li>
<li>Walt Disney gained 0.11% to $93.55</li>
<li>Starbucks dropped 0.64% to $96.28</li>
<li>Under Armour edged up 0.87% to $7.55</li>
<li>UBS slipped 1.43% to $29.97</li>
</ul>
<p><strong>Read Now:</strong></p>
<ul>
<li><strong><a href="http://Bob Iger's Success At Disney: New Document Reveals CEO's Biggest Wins According To The Man Himself">Bob Iger&#8217;s Success At Disney: New Document Reveals CEO&#8217;s Biggest Wins According To The Man Himself</a></strong></li>
</ul>
<p><em>Image: Pixabay</em></p>
<p><a href="https://www.benzinga.com/quote/dis" target="_blank" rel="noreferrer noopener"></a></p>


Entertainment

Success Stories

Tech

SBUX

Nike Executive's Return To Become Top Leader Continues 'Boomerang CEO' Trend At Major Companies

<p>East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) has been analyzed by 11 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.</p>
<p>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.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">5</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><strong>Last 30D</strong></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><strong>1M Ago</strong></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>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">4</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><strong>3M Ago</strong></td>
<td style="text-align: right;">2</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>
</tr>
</tbody>
</table>
<p>Analysts have set 12-month price targets for East West Bancorp, revealing an average target of $94.91, a high estimate of $105.00, and a low estimate of $80.00. This upward trend is evident, with the current average reflecting a 6.26% increase from the previous average price target of $89.32.</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726862597_0.png" alt="price target chart" /></p>
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
<p>The standing of East West Bancorp among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<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>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$93.00</td>
<td>$96.00</td>
</tr>
<tr>
<td>Manan Gosalia</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$103.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$96.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Andrew Terrell</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>David Chiaverini</td>
<td>Wedbush</td>
<td>Raises</td>
<td>Outperform</td>
<td>$100.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Timur Braziler</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$95.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Matthew Clark</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Neutral</td>
<td>$92.00</td>
<td>$72.50</td>
</tr>
<tr>
<td>Gary Tenner</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$100.00</td>
<td>$92.00</td>
</tr>
<tr>
<td>Brandon King</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$80.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Elan Zanger</td>
<td>Jefferies</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$94.00</td>
</tr>
<tr>
<td>Jared Shaw</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$105.00</td>
<td>$106.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to East West Bancorp. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of East West Bancorp compared to the broader market.</li>
<li><strong>Price Targets:</strong> Delving into movements, analysts provide estimates for the future value of East West Bancorp's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
<p>Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into East West Bancorp's market standing. Stay informed and make well-considered decisions with our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/EWBC/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on East West Bancorp analyst ratings.</strong></a></p>
<h2>Unveiling the Story Behind East West Bancorp</h2>
<p>East West Bancorp Inc is the holding company for East West Bank, a full-service commercial bank with cross-border operations concentrated in the United States and China. East-West Bank is one of a few U.S. based banks with a full banking license in China. The bank's cost strategy has increasingly focused on expanding its deposit base away from time deposits to commercial deposits. The bank has also taken part in entertainment partnerships between participants in China and Hollywood. Most of these efforts include financing the production and distribution of film and television projects. The bank leverages its cultural and regulatory knowledge in the U.S. and China to assist its customers in entering new markets. Most of its earning assets are in loans held for investment.</p>
<h3>East West Bancorp: Delving into Financials</h3>
<p><strong>Market Capitalization:</strong> Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.</p>
<p><strong>Revenue Challenges:</strong> East West Bancorp's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately <strong>-1.41%</strong>. This indicates a decrease 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 Financials sector.</p>
<p><strong>Net Margin:</strong> East West Bancorp's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of <strong>46.05%,</strong> the company showcases strong profitability and effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> East West Bancorp's ROE stands out, surpassing industry averages. With an impressive ROE of <strong>4.05%</strong>, the company demonstrates effective use of equity capital and strong financial performance.</p>
<p><strong>Return on Assets (ROA):</strong> East West Bancorp's ROA excels beyond industry benchmarks, reaching <strong>0.4%</strong>. This signifies efficient management of assets and strong financial health.</p>
<p><strong>Debt Management:</strong> East West Bancorp's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of <strong>0.5</strong>.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.</p>
<p>Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.</p>
<p><strong>Which Stocks Are Analysts Recommending Now?</strong></p>
<p>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"><strong>Click here to stay ahead of the market</strong></a>.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Ratings

EWBC

Navigating 11 Analyst Ratings For East West Bancorp

<p>The Federal Reserve cut interest rates by 50 basis points at its September meeting, lowering the target range to 4.75%-5%. This bold move defied the predictions of most economists who had anticipated a more <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40927293/powell-defends-0-5-interest-rate-drop-as-right-thing-for-the-economy-doubles-down">modest 25-basis-point reduction.</a></p>
<p>The Fed also hinted at the potential for additional cuts in the coming months, with the updated dot plot revealing a more aggressive rate-cutting trajectory than forecasted in June.</p>
<p>Fed Chair <strong>Jerome Powell</strong> highlighted the labor market as a key focus, stressing the importance of acting preemptively <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40929003/powells-hawkish-tone-tempers-market-excitement-after-historic-50-basis-point-intere">to sustain robust employment</a>. &#8220;The time to support the labor market is when it's strong, not when you begin to see layoffs,&#8221; Powell said.</p>
<p>Powell also called for caution, framing the rate cut as part of a &#8220;recalibration&#8221; rather than a signal of a broader policy shift. He reiterated that future decisions would remain data-dependent, underscoring the Fed's flexibility in responding to economic conditions.</p>
<p>Wall Street analysts reacted by adjusting their rate cut forecasts more aggressively, reflecting expectations of a looser policy trajectory ahead.</p>
<p>Both gold prices and major U.S. stock indices, including the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">S&amp;P 500 and Dow Jones</a>, surged to record highs following the Fed&#8217;s decision.</p>
<h3 class="wp-block-heading">Fed Fuels Growth</h3>
<p>In an exclusive interview with Benzinga, a Lazard small-cap expert highlights the Federal Reserve&#8217;s shift to a pro-growth stance, which is expected to boost Russell 2000's performance. This policy pivot could create favorable conditions for investors in smaller companies, which trade relatively cheaper compared <a href="https://www.benzinga.com/real-estate/reit/24/09/40949753/mortgage-rates-near-6-demand-increases-for-refinancing-purchases">to large-cap counterparts.</a></p>
<h3 class="wp-block-heading">Mortgage Demand Rises</h3>
<p>Mortgage rates fell to near 6%, spurring a surge in demand for both refinancing and home purchases. As homeowners and buyers capitalize on these lower rates, market activity in the real estate sector is picking up momentum, with increased interest in locking <a href="https://www.benzinga.com/real-estate/reit/24/09/40949753/mortgage-rates-near-6-demand-increases-for-refinancing-purchases">in favorable mortgage terms.</a></p>
<h3 class="wp-block-heading">iPhone Demand Lags</h3>
<p>Early pre-order data for <strong>Apple Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&#8217;s iPhone 16 suggests weaker-than-expected demand, raising concerns about the device&#8217;s market performance. Ssome analysts believe Apple could still exceed expectations with potential surprises <a href="https://www.benzinga.com/tech/24/09/40930388/apple-iphone-16-pre-orders-show-possible-low-demand-one-sign-could-point-to-company-breaking-this-em">in upcoming earnings reports.</a></p>
<h3 class="wp-block-heading">GM Expands Charging</h3>
<p><strong>General Motors Co.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) has enhanced electric vehicle charging access, opening 17,800 Tesla chargers to all GM drivers via an adapter. This move broadens charging options for GM&#8217;s EV customers, potentially boosting EV adoption and aligning with <a href="https://benzinga.com/markets/equities/24/09/40923696/general-motors-boosts-ev-charging-access-17-800-tesla-chargers-now-open-for-all-gm-drivers-with-">the company&#8217;s electrification goals.</a></p>
<p><strong>Read Next:</strong></p>
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<li><strong><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/09/40960886/palantir-dell-to-join-s-p-500-friday-heres-how-tesla-stock-has-performed-since-its-add">Palantir, Dell To Join S&amp;P 500 Friday: Here&#8217;s How Tesla Stock Has Performed Since Its Addition In 2020</a></strong></li>
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Equities

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Econ #s

AAPL

Fed Delivers Large Rate Cut In Bid To Sustain Labor Market; Stocks, Gold Set New Record Highs: This Week In The Markets

Cambria Global Asset Allocation ETF declares quarterly distribution of $0.1257

Cambria Global Asset Allocation ETF declares quarterly distribution of $0.3348

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Almost a year ago to the day, I wrote about the best fund-of-funds ETFs to buy for 2023. It&rsquo;s time to follow up the effort with three more for 2024.</p>



<p>The three from <a href="https://investorplace.com/2023/07/the-3-best-fund-of-funds-etfs-to-buy-for-a-diversified-portfolio-in-2023/">last year </a>were the <strong>iShares Core Aggressive Allocation ETF </strong>(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/aoa-stock-quote/"><strong>AOA</strong></a></span>), the <strong>Cambria Global Asset Allocation ETF </strong>(BATS:<span><a href="https://investorplace.com/stock-quotes/gaa-stock-quote/"><strong>GAA</strong></a></span>) and the FormulaFolios Smart Growth ETF. </p>



<p>One-year returns for AOA and GAA were 13.7% and 6.7%, respectively. FormulaFolios <a href="https://www.wealthmanagement.com/industry/brookstone-capital-and-formulafolios-merge-form-65-billion-ria">merged</a> with <strong>Brookstone Capital Management</strong> in July 2020. FormulaFolis became Brookstone Asset Management on June 1, 2023. FFSG was <a href="https://finance.yahoo.com/news/brookstone-asset-management-announces-closures-204500663.html">liquidated on</a> Oct. 6, 2023. </p>



<p>Looking to the future, I&rsquo;ll try to find three fund-of-funds ETFs that don&rsquo;t close in less than a year and hopefully automate your investing strategy. Further, I&rsquo;ll keep an eye on fees, ensuring you get bang for your buck. At least two of the three will have a total management expense ratio of 0.50% or less.&nbsp;</p>



<p>Here are my three picks for the best fund-of-funds ETFs to buy for 2024 and beyond. </p>



<h2>SPDR SSgA Global Allocation ETF (GAL)</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>I&rsquo;m convinced that at some point in the past I&rsquo;ve recommended the <strong>SPDR SSgA Global Allocation ETF </strong>(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/gal-stock-quote/"><strong>GAL</strong></a></span>). Sure enough, I have. In <a href="https://investorplace.com/2022/03/10-asset-allocation-etfs-to-buy-to-simplify-your-investing/">March 2022,</a> I wrote about 10 asset allocation ETFs to buy. GAL was one of them.&nbsp;</p>



<p>At the time, it had 19 ETFs in the fund-of-funds with nearly 62% in equities and the rest in fixed-income investments and cash.&nbsp;</p>



<p>Today, it has 18 ETFs, with the <strong>SPDR S&amp;P 500 ETF Trust </strong>(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/spy-stock-quote/"><strong>SPY</strong></a></span>), <strong>SPDR Portfolio Developed World ex-US ETF </strong>(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/spdw-stock-quote/"><strong>SPDW</strong></a></span>) and the <strong>SPDR Portfolio Emerging Markets ETF </strong>(NYSEARCA:<span><a href="https://investorplace.com/stock-quotes/spem-stock-quote/"><strong>SPEM</strong></a></span>), accounting for 51% of the fund&rsquo;s <a href="https://www.ssga.com/us/en/intermediary/etfs/funds/spdr-ssga-global-allocation-etf-gal">$241.1 million</a> in net assets.</p>



<p>The average stock in the ETF has an average market capitalization of <a href="https://www.morningstar.com/etfs/arcx/gal/portfolio">$54.0 billion,</a> a 16.24 P/E ratio, a P/S of 1.51 and a 2.43% dividend yield.</p>



<p>It charges a reasonable 0.35%, or $35 per $10,000 invested. </p>



<h2>Global X Thematic Growth ETF (GXTG)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/etf-pushpin-1600-300x169.jpg" alt='close-up of the phrase "exchange traded fund" on three colorful papers pinned to a wall by colorful pushpins'><div>Source: shutterstock.com/bangoland</div></div><p>Who better to have a thematic fund-of-funds than <strong>Global X</strong>, an industry innovator?&nbsp;</p>



<p>The <strong>Global X Thematic Growth ETF </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/gxtg-stock-quote/"><strong>GXTG</strong></a></span>) provides growth investors with a reasonably priced (0.50% MER) investment that covers many of the <a href="https://www.globalxetfs.com/funds/gxtg/">disruptive macro trends</a> resulting from technological change. </p>



<p>The ETF <a href="https://www.globalxetfs.com/prospectus-regulatory/?id=4922">tracks the performance</a> of the <strong>Solactive Thematic Growth Index</strong>. The passive index has eight Global X thematic ETFs, with the <strong>Global X Disruptive Materials ETF </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dmat-stock-quote/"><strong>DMAT</strong></a></span>) accounting for 14.99% of the $18.0 million in net assets.&nbsp;</p>



<p>Launched by Global X in October 2019, the other seven ETFs in the holdings include thematic funds for renewable energy, video games, data centers, lithium, fintech, solar and genomic.</p>



<p>The three top sectors by weight are technology (21.7%), materials (19.3%) and utilities (13.5%). The three countries by weight are the U.S. (41.8%), China (18.5%) and Japan (5.3%).</p>



<p>The average stock in the ETF has an average market cap of $18.67 billion, a 24.5 P/E ratio, a P/B of 2.25 and a 1.03% dividend yield.</p>



<p>Word to the wise: This is a contrarian play. Its performance since inception is not good. However, many of the areas and ETFs it owns have the potential to break out in a big way.&nbsp;</p>



<h2>First Trust Dorsey Wright Focus 5 ETF (FV)</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>The <strong>First Trust Dorsey Wright Focus 5 ETF </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/fv-stock-quote/"><strong>FV</strong></a></span>) is the final fund-of-funds ETF I&rsquo;m <a href="https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=FV">recommending</a> today.&nbsp;</p>



<p>Morningstar.com gives it a five-star rating for risk-adjusted returns over the past 5 and 10 years. It charges 0.90%, which includes an annual management fee of 0.30% and 0.60% in acquired fund fees from the five <strong>First Trust</strong> ETFs held. The fund-of-funds tracks the performance of the <strong>Dorsey Wright Focus Five Index</strong>.</p>



<p><strong>Dorsey, Wright &amp; Associates</strong> (DWA) is the index provider. It starts with all First Trust&rsquo;s sector and industry ETFs. It then ranks each of the funds by price momentum. The top five ETFs by relative strength are in the index.</p>



<p>DWA does twice-monthly relative strength analysis. ETFs are removed when they fall out of favor and lose momentum versus the other First Trust sector and industry ETFs. When one is removed, the index is rebalanced so each of the five accounts for 20% and is equally weighted.&nbsp;</p>



<p>Launched in March 2014, it has $3.75 billion in net assets, indicative of how popular this fund-of-funds ETF is with investors.&nbsp;</p>



<p>It is what you would call a tactical asset allocation ETF. It&rsquo;s worth the extra fees. </p>



<p><em>On the date of publication, Will Ashworth did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a></em></p>
<div><p>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/06/the-3-best-fund-of-funds-etfs-to-buy-for-a-diversified-portfolio-in-2024/">The 3 Best Fund-of-Funds ETFs to Buy for a Diversified Portfolio in 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The 3 Best Fund-of-Funds ETFs to Buy for a Diversified Portfolio in 2024

Cambria Global Asset Allocation ETF declares quarterly distribution of $0.2271

DMAT

GXTG

SPDW

SPEM

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Cambria Global Asset Allocation ETF

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Cambria Global Asset Allocation ETF (BATS:GAA), Quote.Headers.trade-ideas