Genesis Healthcare Stock (OTC:GENN), Trade Ideas

Genesis Healthcare Inc is a post-acute care provider in the United States. It focuses on the medical and physical issues facing elderly patients and is provided by the employees of skilled nursing facilities, assisted/senior living communities, integrated and third-party rehabilitation therapy business. The company has three operating segments. The inpatient services segment include the operation of skilled nursing facilities and assisted/senior living facilities; rehabilitation therapy segment services include integrated and third-party rehabilitation and respiratory therapy services; and all other services. The majority of its revenue is generated from its skilled nursing facilities of the inpatient services segment.

GENESIS HEALTHCARE INC A by Genesis Healthcare, Inc.

Genesis Healthcare Inc

Barclays analyst Jared Shaw maintains Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) with a Equal-Weight and raises the price target from $20 to $21.

News

Price Target

Analyst Ratings

COLB

Barclays Maintains Equal-Weight on Columbia Banking System, Raises Price Target to $21

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates Live Oak Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>) with a Market Perform and lowers the price target from $45 to $40.

Reiteration

Keefe, Bruyette & Woods Reiterates Market Perform on Live Oak Bancshares, Lowers Price Target to $40

Investors with a lot of money to spend have taken a bearish stance on Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with SBUX, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 25 options trades for Starbucks.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 80%, bearish.
Out of all of the options we uncovered, 24 are puts, for a total amount of $2,289,431, and there was 1 call, for a total amount of $67,777.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $85.0 and $90.0 for Starbucks, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Starbucks's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Starbucks's significant trades, within a strike price range of $85.0 to $90.0, over the past month.
<h3>Starbucks Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714139195_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$2.73</td>
<td>$2.63</td>
<td>$2.63</td>
<td>$85.00</td>
<td>$129.1K</td>
<td>36.7K</td>
<td>4.2K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.68</td>
<td>$2.44</td>
<td>$2.63</td>
<td>$85.00</td>
<td>$127.2K</td>
<td>36.7K</td>
<td>2.9K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.57</td>
<td>$2.35</td>
<td>$2.57</td>
<td>$85.00</td>
<td>$126.4K</td>
<td>36.7K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$2.66</td>
<td>$2.6</td>
<td>$2.6</td>
<td>$85.00</td>
<td>$126.1K</td>
<td>36.7K</td>
<td>7.8K</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.67</td>
<td>$2.48</td>
<td>$2.62</td>
<td>$85.00</td>
<td>$124.7K</td>
<td>36.7K</td>
<td>5.0K</td>
</tr>
</tbody>
</table>

<h3>About Starbucks</h3>
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
<h3>Where Is Starbucks Standing Right Now?</h3>
<ul>
<li>With a volume of 153,010, the price of SBUX is down -0.23% at $87.64. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released 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 Starbucks, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

SBUX

A Closer Look at Starbucks's Options Market Dynamics

Financial giants have made a conspicuous bearish move on Boeing. Our analysis of options history for Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $299,540, and 2 were calls, valued at $149,391.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $160.0 to $250.0 for Boeing over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Boeing'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 Boeing's whale trades within a strike price range from $160.0 to $250.0 in the last 30 days. 
<h3>Boeing Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714139190_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>BA</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$50.2</td>
<td>$49.05</td>
<td>$49.65</td>
<td>$215.00</td>
<td>$99.3K</td>
<td>307</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$50.2</td>
<td>$49.2</td>
<td>$49.2</td>
<td>$160.00</td>
<td>$78.7K</td>
<td>107</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$1.16</td>
<td>$1.1</td>
<td>$1.15</td>
<td>$170.00</td>
<td>$70.6K</td>
<td>3.5K</td>
<td style="text-align: right;">198</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$39.0</td>
<td>$38.95</td>
<td>$39.0</td>
<td>$205.00</td>
<td>$62.4K</td>
<td>79</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$19.2</td>
<td>$18.2</td>
<td>$18.25</td>
<td>$180.00</td>
<td>$40.1K</td>
<td>1.2K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Boeing</h3>
Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes; defense, space, and security; and global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.
<h3>Boeing's Current Market Status</h3>
<ul>
<li>With a volume of 162,518, the price of BA is down -0.5% at $165.97. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 89 days.</li>
</ul>
<h3>What Analysts Are Saying About Boeing</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $220.0.
<ul>
<li>An analyst from Deutsche Bank persists with their Buy rating on Boeing, maintaining a target price of $225. </li>
<li>Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Boeing with a target price of $260. </li>
<li>An analyst from JP Morgan has decided to maintain their Overweight rating on Boeing, which currently sits at a price target of $210. </li>
<li>An analyst from RBC Capital persists with their Outperform rating on Boeing, maintaining a target price of $215. </li>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Boeing with a target price of $190. </li>
</ul>
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 Boeing with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In Boeing Options

By <a href="https://roboforex.com/?utm_source=benzinga.com&amp;utm_medium=pr&amp;utm_campaign=rf_en_external_article_26042024&amp;utm_content=analysis&amp;utm_term=forecast">RoboForex</a> Analytical Department
The price of a troy ounce of gold climbed to 2330.00 USD on Friday. This surge was driven by investors&#39; ongoing evaluation of the potential direction of the US Federal Reserve&#39;s monetary policy following mixed macroeconomic data.
The US GDP for Q1 did not meet expectations, marking the slowest recovery in two years. The economy expanded by only 1.6%, significantly lower than the forecasted 2.5%. In contrast, GDP growth in Q4 2023 reached 3.4%. The Fed&#39;s consensus forecast for 2024 expects economic growth of 2.1%.
The underwhelming economic performance might prompt the Fed to consider a reduction in interest rates. However, a localised acceleration in consumer inflation suggests that monetary policy might remain restrictive for longer.
As long as interest rates remain high, gold&#39;s appeal as an investment option is somewhat diminished since it does not generate its yield as bonds do. Nonetheless, in times of rising inflation, gold increasingly becomes a valuable hedge against currency devaluation.
Today, the stock exchange will focus on the March Core PCE figures. These data are expected to provide further insights into the Federal Reserve&#39;s monetary policy outlook.
<h3>Technical Analysis&nbsp;Of XAU/USD</h3>
<a href="https://www.benzinga.com/files/u117641/xauusdh4_12.png"><img alt="" src="https://www.benzinga.com/files/u117641/xauusdh4_12.png" style="height:280px; width:624px" /></a>
On the H4 chart of XAU/USD, a consolidation range has formed above 2346.00, with the ongoing development of the third wave of decline aiming for 2262.22. The local target for this wave at 2296.96 has been reached. Today, a corrective move towards 2346.00 is expected, followed by an anticipated further decline to 2262.22. This bearish scenario is supported technically by the MACD indicator, whose signal line is below zero and is trending downwards towards new lows.
<img alt="" src="https://www.benzinga.com/files/u117641/xauusdh1_13.png" style="height:280px; width:624px" />
On the H1 chart, the corrective movement towards 2346.00 (testing from below) is continuing. Once completed, a new downward wave towards 2277.00 is expected, potentially reaching 2262.22. This outlook is confirmed by the Stochastic oscillator, with its signal line currently above 80 but poised for a decline towards 20.
Disclaimer
Any forecasts contained herein are based on the author&#39;s particular opinion. This analysis may not be treated as trading advice. RoboForex bears no responsibility for trading results based on trading recommendations and reviews contained herein.
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.

Commodities

Federal Reserve

Trading Ideas

Gold Price Recovers Amid Uncertain US Economic Outlook

Keefe, Bruyette &amp; Woods analyst Aidan Hall reiterates Lazard (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAZ#NYSE">LAZ</a>) with a Outperform and lowers the price target from $51 to $49.

Keefe, Bruyette & Woods Reiterates Outperform on Lazard, Lowers Price Target to $49

Shares of footwear and apparel maker Skechers USA Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) are gaining after the company reported <a href="https://www.benzinga.com/pressreleases/24/04/b38443487/skechers-announces-first-quarter-2024-financial-results-and-record-sales-of-2-25-billion">better-than-expected first-quarter FY24 earnings</a>.
Skechers reported first-quarter FY24 sales growth of 12.5% year-on-year to $2.251 billion, beating the analyst consensus estimate of $2.204 billion.
The increase in sales was attributed to a 15.2% increase in International and a 7.8% increase in Domestic sales.
International sales constituted 65% of total sales with a 17% rise in Europe, the Middle East and Africa; 16% increase in Asia Pacific and 8% climb in the Americas.
"In the quarter, we also broadcast our first Skechers Basketball campaigns starring NBA players Julius Randle and Terence Mann, entered the world of cricket by sponsoring one of the leading men&#8217;s and women&#8217;s teams in India, and grew our roster of Premier League footballers with the addition of Oleksandr Zinchenko," said CEO Robert Greenberg.
Wholesale sales grew 9.8% and Direct-to-Consumer jumped 17.3%. Gross profit rose 20.7% Y/Y to $1.2 billion and the gross margin expanded 370 basis points to 52.5%.&nbsp;
Operating margin expanded 210 basis points to 13.3%, and operating income for the quarter increased 33.6% to $298.8 million.
In the first quarter, the company repurchased 1.0 million shares of its Class A common stock at a cost of $60.0 million.&nbsp;
As of March 31, 2024, $205.7 million remained available under the company&#8217;s share repurchase program.
The company held $946.4 million in cash and equivalents as of June 30, 2022.
The number of stores at the end of March 31, 2024, totaled 5,203.
EPS of $1.33 beat the analyst consensus of $1.10.
Outlook: Skechers raised FY24 sales outlook from $8.60 billion-$8.80 billion to $8.725 billion-$8.875 billion, against an estimate of $8.781 billion.
The company also raised FY24 EPS outlook from $3.65-$3.85 to $3.95-4.10 versus an estimate of $3.90.
Skechers sees second-quarter sales of $2.175 billion-$2.225 billion versus an estimate of $2.202 billion. EPS of $0.85-$0.90 against an estimate of $1.09.
SKX Price Action: Skechers shares are trading higher by 14.30% at $67.23 at publication Friday.
Read Next: <a href="https://www.benzinga.com/general/macro-notification/24/04/38458581/feds-key-inflation-indicator-hits-2-8-dashes-rate-cut-hopes-traders-on-alert">Fed&#8217;s Key Inflation Indicator Hits 2.8%, Dashes Rate Cut Hopes; Traders On Alert</a>
Photo: <a href="https://www.shutterstock.com/g/romaset">Roman Zaiets</a> via Shutterstock

Sports

Movers

General

Why Are Skechers Shares Soaring Today?

Offerings

TTNP

Titan Pharmaceuticals Files FormRW Co Decided Not To Pursue The Offering Due To Market Conditions And No Longer Wishes To Conduct A Public Offering Of Securities At This Time, No Securities Covered By The Registration Statement Have Been Issued Or Sold.

Barclays analyst Ramsey El-Assal maintains EPAM Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPAM#NYSE">EPAM</a>) with a Equal-Weight and lowers the price target from $315 to $265.

EPAM

Barclays Maintains Equal-Weight on EPAM Sys, Lowers Price Target to $265

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) moved higher, with the cryptocurrency prices trading above the key $64,000 level on Friday.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also recorded gains, trading above the key $3,100 mark this morning.
Wormhole (CRYPTO: W) was the top gainer over the prior 24 hours, while EOS (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eos/usd">EOS</a>) turned out to be the biggest loser.
The Federal Reserve's preferred measure of inflation – the Personal Consumption Expenditure (PCE) price index – rose more than expected in March. The headline PCE price index rose from 2.5% in February 2024 to 2.7% year-on-year in March, beating forecasts of a 2.6% increase, the Bureau of Economic Analysis reported Friday.
At the time of writing, the global crypto market cap rose to $2.36 trillion, recording a 24-hour gain of 0.4%. BTC was trading higher by 0.3% at $64,180 while ETH rose by around 0.6% to $3,128 on Friday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Gainers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Wormhole (CRYPTO: W)
Price: Wormhole
24-hour gain: 10.9%
Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>)
Price: $0.00002727&nbsp;&nbsp;&nbsp;&nbsp;
24-hour gain: 10%
BitTorrent (New) (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btt/usd">BTT</a>)
Price: $0.000001348
24-hour gain: 7.4%
NEAR Protocol (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/near/usd">NEAR</a>)
Price: $7.15
24-hour gain: 7%
eCash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">XEC</a>)
Price: $0.00005266
24-hour gain: 4.2%
<h3 class="wp-block-heading">Losers</h3>
EOS (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eos/usd">EOS</a>)
Price: $0.8136
24-hour drop: 5.9%
Ronin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">RON</a>)
Price: $2.90
24-hour drop: 5.1%
Pendle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PENDLE</a>)
Price: $5.65&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
24-hour drop: 4.9%
Immutable (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">IMX</a>)
Price: $2.05
24-hour drop: 3.8%
Ondo (CRYPTO: ONDO)
Price: $0.7889
24-hour drop: 3.7%
Read This Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38456583/around-1m-bet-on-biohaven-check-out-these-4-stocks-insiders-are-buying">Around $1M Bet On Biohaven? Check Out These 4 Stocks Insiders Are Buying</a>

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

Cryptocurrency

Intraday Update

$BONK

$BTC

$BTT

$EOS

$ETH

$IMX

$NEAR

$PENDLE

$RON

$XEC

Bitcoin Surpasses $3,200 Following PCE Inflation Data; Wormhole Emerges As Top Gainer

Keefe, Bruyette &amp; Woods analyst Jade Rahmani maintains KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) with a Market Perform and lowers the price target from $10 to $9.75.

KREF

Keefe, Bruyette & Woods Maintains Market Perform on KKR Real Estate Finance, Lowers Price Target to $9.75

Barclays analyst Ramsey El-Assal maintains Cognizant Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTSH#NASDAQ">CTSH</a>) with a Equal-Weight and lowers the price target from $80 to $75.

CTSH

Barclays Maintains Equal-Weight on Cognizant Tech Solns, Lowers Price Target to $75

Roku, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares are trading lower on Friday, reversing after gaining late<a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38446113/roku-exceeds-q1-earnings-expectations-provides-upbeat-guidance" rel="noreferrer noopener">&nbsp;Thursday on first-quarter earnings.</a>
The first quarter&#8217;s gross profit was $388 million,&nbsp;<a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001428439/ef5393ce-92c6-40db-8b04-c8aa379eef60.pdf" rel="noreferrer noopener">which is&nbsp;up 15% year over year.</a>&nbsp;Gross margin, however, contracted to 44.1% from 45.6% a year ago.&nbsp;
&#8220;Looking into the second half of the year, we anticipate normal seasonal spend in Sales &amp; Marketing for Devices, which will cause Adjusted EBITDA to slightly moderate relative to the first half of the year,&#8221; the company said&nbsp;in a statement.&nbsp;
Roku reported 81.6 million streaming households in the first quarter, an increase of 14% year-over-year.&nbsp;Average revenue per user (ARPU) was $40.65 on a trailing 12-month basis (TTM), flat year over year.
Globally, the company&#8217;s users streamed 30.8 billion hours in the first quarter, and streaming hours grew 23%&nbsp;year over year&nbsp;as viewers continued to shift to TV streaming.
The Roku Channel became the #3 app on the company&#8217;s platform in the first quarter by both reach and engagement, with streaming hours up 66% year over year.
The company sees&nbsp;second-quarter&nbsp;total net revenue of $935&nbsp;million,&nbsp;above the consensus estimate.&nbsp;
Roku exited the quarter with cash and equivalents worth $2.06 billion.&nbsp;
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>,&nbsp;ROKU stock has gained over 2% in the past year.&nbsp;Investors can gain exposure to the stock via&nbsp;ARK Innovation ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and&nbsp;ARK Next Generation Internet ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>).
Price Action: ROKU shares are trading lower by 8.5% to $57.44 at the last check Friday.
Photo via Shutterstock

Equities

ARKK

ARKW

ROKU

What's Going On With Roku Shares Friday?

Keefe, Bruyette &amp; Woods analyst Timothy Switzer reiterates First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) with a Market Perform and raises the price target from $34 to $36.

INBK

Keefe, Bruyette & Woods Reiterates Market Perform on First Internet, Raises Price Target to $36

BDRX

Biodexa Pharmaceuticals Shares Resume Trade

WIIM

FCUV

Focus Universal shares are trading higher after the company announced board approval for the spin-off of Lusher.

Barclays analyst Saket Kalia maintains Check Point Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) with a Equal-Weight and raises the price target from $170 to $175.

CHKP

Barclays Maintains Equal-Weight on Check Point Software, Raises Price Target to $175

Newell Brands Shares Resume Trade

Keefe, Bruyette &amp; Woods analyst Catherine Mealor maintains Independent Bank Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBTX#NASDAQ">IBTX</a>) with a Outperform and lowers the price target from $55 to $46.

IBTX

Keefe, Bruyette & Woods Maintains Outperform on Independent Bank Gr, Lowers Price Target to $46

Focus Universal Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) ("Focus" or the "Company"), a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G, today announced the Board of Directors has approved the spin-off Lusher Inc. to develop the SEC Financial Reporting AI-Driven Automation Software for a future initial public offering and a potential Nasdaq listing.
Chief Executive Officer Desheng Wang stated, "We are excited that our management team received authorization from our Board of Directors to start the spin-off process for Lusher Inc. Lusher Inc. which will focus on AI-Driven Automation Software development and commercialization, which enables Focus Universal to concentrate more on the core of universal smart IoT. This will also allow the general market to access Lusher Inc. separately from Focus Universal, which may lead to an increase in shareholder value and unlock the intrinsic value of Lusher Inc. We believe reducing the SEC financial reporting preparation time from weeks to minutes is a compelling example to demonstrate this potential."
Focus Universal plans to distribute Lusher Inc's stock to all Focus Universal's shareholders in the form of a tax-free dividend distribution to shareholders, which will be free of charge, and free to trade when Lusher Inc. is listed upon Nasdaq. Distinguished from current providers' manual approach solutions, Focus Universal Inc. developed automated AI-driven solutions to disentangle the problem. When utilized, users may upload financial statements, and the software would update the SEC financial report and reduce preparation time significantly.
Focus Universal's AI-Driven Automation Software is the first application of this software technology within the financial reporting sector. The company also believes there exists significant potential for the use of AI-driven automated technology worldwide across multiple sectors such as accounting, logistics, insurance processing, and tax preparation solutions which would eliminate the need for labor-intensive, manual data-entry. Humans, as a whole, are slow in data entry and far less accurate than automation software. Investors who are interested in investing in Lusher, please contact <a href="mailto:ir@focusuniversal.com">ir@focusuniversal.com</a>, as investment deck is available on request.
SEC financial Reporting Software Market size was valued at US $14 Billion in 2022 and is projected to reach US $36.5 Billion by 2030, growing at a CAGR of 12.81 % from 2024 to 2030. The complexity and volume of financial data, the limiting capabilities of current spreadsheet solutions, the rising cost of compliance, and the expanding demand for such software are the main reasons propelling the growth of the financial reporting software sector. Superior financial reporting software has become an urgent necessity in order to lower accounting costs and boost efficiency.