Hartford Core Bond ETF (BATS:HCRB), Quote.Headers.trade-ideas

The Fund seeks to achieve its investment objective by investing in fixed income securities that Wellington Management Company LLP (Wellington Management) considers to be attractive from a total return perspective. The Fund invests, under normal circumstances, at least 80 percent of its net assets (including any borrowings for investment purposes) in fixed-income securities. The Fund will invest primarily in investment grade fixed income securities. The Fund may invest in securities and other instruments issued by both U.S. and foreign issuers.

Hartford Core Bond ETF

UBS analyst John Sourbeer upgrades QuidelOrtho (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QDEL#NASDAQ">QDEL</a>) from Sell to Neutral and raises the price target from $42 to $50.

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UBS Upgrades QuidelOrtho to Neutral, Raises Price Target to $50

Filecoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/fil/usd">FIL</a>) price has increased 6.55% over the past 24 hours to $3.72. Over the past week, FIL has experienced an uptick of over 3.0%, moving from $3.64 to its current price. As it stands right now, the coin's all-time high is $236.84. 
The chart below compares the price movement and volatility for Filecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726772620_0.png" alt="price_chart" />
The trading volume for the coin has increased 64.0% over the past week while the overall circulating supply of the coin has increased 0.32% to over 586.47 million which makes up an estimated 29.92% of its max supply, which is 1.96 billion. The current market cap ranking for FIL is #45 at $2.18 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726772620_1.png" alt="supply_and_vol" />
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Filecoin's Price Increased More Than 6% Within 24 hours

In the last three months, 4 analysts have published ratings on World Kinect (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WKC#NYSE">WKC</a>), offering a diverse range of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</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;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</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>3M Ago</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>
</tbody>
</table>
Analysts have recently evaluated World Kinect and provided 12-month price targets. The average target is $30.0, accompanied by a high estimate of $33.00 and a low estimate of $27.00. This current average reflects an increase of 3.45% from the previous average price target of $29.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1726772617_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive World Kinect. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Royall</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$32.00</td>
<td>$29.00</td>
</tr>
<tr>
<td>Robert Kad</td>
<td>Morgan Stanley</td>
<td>Maintains</td>
<td>Underweight</td>
<td>$28.00</td>
<td>$28.00</td>
</tr>
<tr>
<td>Ken Hoexter</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$27.00</td>
<td>$24.00</td>
</tr>
<tr>
<td>Benjamin Nolan</td>
<td>Stifel</td>
<td>Lowers</td>
<td>Buy</td>
<td>$33.00</td>
<td>$35.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to World Kinect. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of World Kinect compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
To gain a panoramic view of World Kinect's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/WKC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on World Kinect analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About World Kinect</h2>
World Kinect Corp is a energy management company involved in providing supply fulfillment, energy procurement advisory services, and transaction and payment management solutions to commercial and industrial customers . It sells and delivers liquid fuels, natural gas, electricity, renewable energy, and other sustainability solutions. Company operate in three reportable segments consisting of aviation, land, and marine. Company earn majority of revenue from Aviation segment.
<h3>Financial Milestones: World Kinect's Journey</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, World Kinect faced challenges, resulting in a decline of approximately -0.14% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Energy sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: World Kinect's net margin excels beyond industry benchmarks, reaching 0.99%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): World Kinect's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.44%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.51%, the company showcases effective utilization of assets.
Debt Management: World Kinect's debt-to-equity ratio is below the industry average at 0.43, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Scoreboard: 4 Ratings For World Kinect

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Cibus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBUS#NASDAQ">CBUS</a>) in the last three months.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</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>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">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>3M Ago</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>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $22.0, with a high estimate of $25.00 and a low estimate of $20.00. Witnessing a positive shift, the current average has risen by 2.33% from the previous average price target of $21.50.
<img src="https://www.benzinga.com/files/images/story/2024/1726772608_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Cibus among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$20.00</td>
<td>$21.00</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Lowers</td>
<td>Buy</td>
<td>$21.00</td>
<td>$22.00</td>
</tr>
<tr>
<td>Matthew Venezia</td>
<td>Alliance Global Partners</td>
<td>Announces</td>
<td>Buy</td>
<td>$25.00</td>
<td>-</td>
</tr>
<tr>
<td>Austin Moeller</td>
<td>Canaccord Genuity</td>
<td>Announces</td>
<td>Buy</td>
<td>$22.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: 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 Cibus. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cibus compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Cibus's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Cibus's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/CBUS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cibus analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Cibus</h2>
Cibus Inc is a biotechnology company. The company develops and commercializes a proprietary gene-editing technology, Rapid Trait Development System that integrates crop specific cell biology platforms with a series of gene editing technologies. The company's primary business is the development of plant traits that help address specific productivity or yield challenges in farming such as traits addressing plant agronomy, disease, insects, weeds, nutrient-use, or the climate.
<h3>Cibus: A Financial Overview</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Over the 3 months period, Cibus showcased positive performance, achieving a revenue growth rate of 325.38% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Health Care sector.
Net Margin: Cibus's net margin is impressive, surpassing industry averages. With a net margin of -3398.33%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Cibus's ROE excels beyond industry benchmarks, reaching -10.38%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Cibus's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of -5.24%, the company showcases efficient use of assets and strong financial health.
Debt Management: Cibus's debt-to-equity ratio is below the industry average. With a ratio of 0.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: Simplified</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CBUS

Expert Ratings For Cibus

CWA Says NY Times Tech Guild Authorized Strike With 95% In Favor

Piper Sandler initiated coverage on Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), noting the company as a versatile large-cap with an attractive valuation.
Abbott has a diversified business model with solid distribution across segments (medtech, diagnostics, nutrition, pharmaceuticals) and geography. Medical devices are the company&#8217;s largest business, accounting for around 44% of total sales.
Abbott Laboratories&nbsp;reported second-quarter sales of $10.38 billion, up 4%, almost in line with the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $10.37 billion</a>.
Organic sales growth for the underlying base business was 9.3%, led by double-digit&nbsp;growth <a href="https://www.benzinga.com/24/07/39839507/abbott-laboratories-q2-earnings-revenue-and-profit-beat-estimates-nudges-up-annual-profit-guidance-o" target="_blank" rel="noreferrer noopener">in medical devices</a>.
Piper Sandler noted that the company struck a solid balance by achieving above-average growth for a large-cap medtech firm, maintaining strong efficiency metrics, and consistently paying dividends to shareholders.
Abbott has positioned itself as a high-single-digit growth company, placing it near the top of the large-cap medtech sector. Its medtech division has consistently contributed to overall growth, with expectations for double-digit expansion from 2024 to 2026.
Analyst Adam C. Maeder initiated coverage with an Overweight rating and a <a href="https://www.benzinga.com/quote/ABT/analyst-ratings" target="_blank" rel="noreferrer noopener">price target of $131</a>.
Talking about the valuation, the analyst highlighted that Abbott&#8217;s stock is currently valued at 22.3 times the consensus adjusted EPS estimates for 2025, reflecting a notable discount compared to its large-cap medtech peers.
This discount is partly driven by ongoing necrotizing enterocolitis (NEC) litigation, but the analyst contends that Abbott should still be trading at least on par with its peers, given its strong revenue growth and adjusted EPS outlook.
In July, Abbott stock fell following a U.S. jury&#8217;s ruling that found Abbott&#8217;s formula was responsible for a girl developing a severe bowel disease, leading to a hefty $495 million penalty. This verdict is part of nearly 1,000 lawsuits filed against Abbott Labs, its British rival&nbsp;Reckitt Benckiser Group PLC &#8211; ADR&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/RBGLY#OTC">RBGLY</a>), both in U.S.<a href="https://www.benzinga.com/general/biotech/24/07/40006590/abbott-laboratories-tumble-nearly-8-in-pre-market-after-us-jury-charges-495m-penalty-for-disease-" target="_blank" rel="noreferrer noopener"> federal or state courts</a>.
&#8220;We don&#8217;t see much topline risk associated with the litigation, and we believe the Street is already pricing potential damages into the stock,&#8221; the analyst added.
ABT Price Action: Abbott Laboratories stock is down 1.07% at $113.66 at last publication Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/09/40943923/theratechnologies-faces-potential-supply-disruption-for-its-top-selling-drug-warns-of-revenue-imp" target="_blank" rel="noreferrer noopener">Theratechnologies Faces Potential Supply Disruption For Its Top Selling Drug, Warns of Revenue Impact Due To Manufacturing Delays</a>.</li>
</ul>
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RBGLY

Abbott Laboratories' Attractive Valuation Ranks It Among Top Large-Cap MedTech Companies, Says Analyst

Over the past 24 hours, Arbitrum's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ARB</a>) price has risen 11.22% to $0.57. This continues its positive trend over the past week where it has experienced a 11.0% gain, moving from $0.52 to its current price. As it stands right now, the coin's all-time high is $2.39. 
The chart below compares the price movement and volatility for Arbitrum over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726772551_0.png" alt="price_chart" />
The trading volume for the coin has increased 115.0% over the past week while the overall circulating supply of the coin has increased 3.43% to over 3.62 billion which makes up an estimated 36.17% of its max supply, which is 10.00 billion. The current market cap ranking for ARB is #46 at $2.08 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726772551_1.png" alt="supply_and_vol" />
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$ARB

Cryptocurrency Arbitrum Rises More Than 11% In 24 hours

Performance coach Greg Harden, who trained some of the biggest superstars in sports—including helping legendary NFL quarterback Tom Brady mentally prepare for his seven <a href="https://www.benzinga.com/topic/super-bowl">Super Bowl victories</a>—passed away last week at the age of 75.
Harden also trained over 100&nbsp;<a href="https://www.benzinga.com/news/23/08/33975853/mrbeasts-extreme-olympics-youtube-video-attracts-the-attention-of-the-real-deal">Olympic</a>&nbsp;athletes, including 23-time gold&nbsp;medalist&nbsp;Michael Phelps, to prepare their minds for challenges.
According to a CNBC&nbsp;<a href="https://www.cnbc.com/2023/08/15/5-tips-for-becoming-a-top-competitor-from-coach-who-trained-tom-brady.html?taid=64dbd535bafe7a0001addfd5&amp;utm_campaign=trueanthem&amp;utm_medium=social&amp;utm_source=twitter%7Cmain">report</a> from last year, Harden previously&nbsp;unveiled five tips he commonly uses when training competitors that can help you become a &#8220;stellar performer&#8221; in your own&nbsp;<a href="https://www.benzinga.com/news/23/08/33842691/stop-being-a-passenger-in-your-own-life-cut-time-spent-working-in-half-using-these-3-productivity-ha">work life and beyond</a>.
<h2 class="wp-block-heading">1. Be Hungry, Be Humble</h2>
Most people don&#8217;t have a problem finding that &#8220;hunger&#8221; inside themselves when chasing goals, but Harden stressed that you have to remain humble while you are climbing the ladder.&nbsp;
Being able to find a balance between having a strong drive and being humble&nbsp;is a &#8220;critical piece of the puzzle,&#8221; Harden said: &#8220;You have to be able to know when your ego must lead, and when you need to follow.&#8221;
Check This Out:&nbsp;<a href="https://www.benzinga.com/news/23/08/34034756/27-year-old-who-made-700-000-in-a-year-from-side-hustles-shares-2-pieces-of-advice">27-Year-Old Who Made $700,000 In A Year From Side Hustles Shares 2 Pieces Of Advice</a>
<h2 class="wp-block-heading">2. You Are More Than Your Work</h2>
When training Brady ahead of one of his Super Bowl appearances, Harden tried to drive home the fact that he&#8217;s more than just a football player. We are human beings who need to be proud of ourselves when we know we&#8217;ve given something our all, regardless of the end result, he said.&nbsp;
&#8220;If you've given [it] everything you've got, win, lose or draw, you're my guy, you're my girl, you're my person &#8230;&nbsp;Because I know you didn't quit,&#8221; Harden said.
<h2 class="wp-block-heading">3. Stress Can Be Managed</h2>
Everyone experiences stress at some point, usually during some of the greatest moments of their lives. Such should be anticipated and managed, he said.&nbsp;
&#8220;Stop being afraid of being afraid. It makes sense that you're anxious.&nbsp;Stress is predictable, therefore manageable,&#8221; Harden said.&nbsp;
Breathing is one way to deal with high levels of stress. Another method involves walking the line between being anxious and being excited. Shift your mindset from fear to excitement and psych yourself up for big moments with the intent of having fun, he said.&nbsp;
<h2 class="wp-block-heading">4. Quick Recovery</h2>
As you work your way up in your professional life, you will encounter&nbsp;<a href="https://www.benzinga.com/news/23/08/33879278/beyond-the-hustle-embracing-ancient-chinese-wisdom-to-combat-modern-day-burnout">challenging times</a>. You have to find time to recover. Being able to do this quickly is a&nbsp;necessary skill for growth, Harden said.&nbsp;
How you deal with heartache, grief, disappointment and mistakes can set you apart from the rest of the pack. Those who want to be the best, need to be able to bounce back fast, he said.&nbsp;
You can improve recovery time by focusing on your strengths and weaknesses. The better you know yourself, the easier it is to recover from stressful events.&nbsp;
&#8220;Become the world's greatest expert on one subject: you," Harden said.
<h2 class="wp-block-heading">5. Positive Self-Talk</h2>
Learning how to talk to yourself was one of the most important things the mental coach taught&nbsp;<a href="https://www.benzinga.com/news/17/06/9591750/michael-phelps-opens-up-about-struggles-with-adhd-depression-i-was-constantly-bou">Phelps</a>&nbsp;as he prepared for the Olympics.&nbsp;
Swimmers spend most of their time in the water, alone with their thoughts. Positive self-talk can keep you pushing forward, he said.&nbsp;
&#8220;Be obnoxiously optimistic,&#8221; Harden said. &#8220;How are you going to train yourself to believe without question or pause that this practice is going to turn into something special?"
Harden, who formerly worked as a counselor at the University of Michigan, died at the age of 75 on Monday due to complications from surgery, according to <a href="https://www.foxnews.com/sports/michigans-greg-harden-who-advised-tom-brady-michael-phelps-more-dies-75">Fox News</a>.
The X account for Michigan&#8217;s football team highlighted the &#8220;profound impact&#8221; Harden had on the program, athletic department, university, and even the world.
&#8220;You taught all of us to &#8216;Control the Controllables&#8217; and helped make this world a better place. You will be remembered forever,&#8221; the @UMichFootball account <a href="https://x.com/UMichFootball/status/1834646920285110546?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1834646920285110546%7Ctwgr%5E1f1cd49189bd720b508c14c316437dbfd02e1cb3%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.foxnews.com%2Fsports%2Fmichigans-greg-harden-who-advised-tom-brady-michael-phelps-more-dies-75">posted</a>.
Photo: <a href="https://commons.wikimedia.org/wiki/File:Tom_Brady8.jpg">Wikimedia Commons</a>.
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<li><a href="https://www.benzinga.com/news/24/09/40799247/he-quit-his-full-time-web-developer-job-to-start-a-t-shirt-side-hustle-now-he-earns-175k-a-year-work">He Quit His Full-Time Web Developer Job To Start A T-Shirt Side Hustle — Now He Earns $175K A Year Working Just 1 Hour A Day</a></li>
</ul>
This story is part of a new series of features on the subject of success, Benzinga Inspire. Some elements of this story were previously reported by Benzinga and it has been updated.
Photo: Wikipedia

Psychology

Success Stories

Tom Brady, Michael Phelps' Mental Coach Dies, But His Legacy Lives On: 5 Secrets For Superstar Performance

UBS analyst Curt Woodworth maintains Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) with a Buy and raises the price target from $38 to $40.

UBS Maintains Buy on Alcoa, Raises Price Target to $40

Over the past 24 hours, Render's (CRYPTO:RENDER) price rose 9.48% to $5.22. This continues its positive trend over the past week where it has experienced a 1.0% gain, moving from $5.2 to its current price. As it stands right now, the coin's all-time high is $13.53. 
The chart below compares the price movement and volatility for Render over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726772483_0.png" alt="price_chart" />
Render's trading volume has climbed 258.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.02%. This brings the circulating supply to 392.46 million. According to our data, the current market cap ranking for RENDER is #47 at $2.05 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726772483_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cryptocurrency Render Rises More Than 9% In 24 hours

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is no stranger to patents when it comes to the<a href="https://www.benzinga.com/electric-vehicles"> electric vehicle sector</a>. 
A new patent for wireless charging is currently making the rounds. The automaker could highlight the tech at its highly-anticipated <a href="https://www.benzinga.com/news/24/09/40808924/tesla-robotaxi-event-to-be-held-in-los-angeles-on-1010-says-senior-company-exec-existing-shareholder">robotaxi event on Oct. 10</a>.
Tesla filed a patent for a wireless charging system, as <a href="https://cleantechnica.com/2024/09/19/new-tesla-wireless-charging-patent-may-feature-at-10-10-tesla-robotaxi-event/">reported</a> by CleanTechnica, earlier this year. The filing, <a href="https://x.com/seti_park/status/1832431617329262615">posted </a>by X user @seti_park, shows a wireless EV charging system that could improve safety and efficiency.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bibliography #&#xFE0F;&#x20E3; Patent No.: WO2024182372 &#x1f4cb; Title: PARAMETER ESTIMATION FOR WIRELESS CHARGING &#x1f3e2; Applicant: Tesla, Inc. &#x1f465; Inventors: LIN Rick, DOSHI Jimit, PAN Fei, MANAK Ryan, DEGIOANNI Franco, SANKARANARAYANAN Vivek &#x1f4c5; Filing Date: 2024-02-27 &#x1f4e4; Publication Date: 2024-09-06… <a href="https://t.co/0FSgqa2gli">pic.twitter.com/0FSgqa2gli</a>
&mdash; SETI Park (@seti_park) <a href="https://twitter.com/seti_park/status/1832431617329262615?ref_src=twsrc%5Etfw">September 7, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Tesla has been working on wireless charging for years. The timing of the published patent on Sept. 6 could provide clues that the upcoming robotaxis could feature the technology.
"The present disclosure relates to systems and methods for estimating one or more parameters associated with a converter to configure wireless charging setting for a wireless charging system," the <a href="https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2024182372">patent </a>reads.
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Benzinga has recently highlighted other patents from Tesla including<a href="https://www.benzinga.com/24/09/40720928/elon-musk-to-unveil-reversible-seats-in-tesla-robotaxis-no-longer-a-driver-seat-in-the-vehicle"> rotating front seats </a>in vehicles, which could also factor into the robotaxi design.
While the patents may prove to be non-material or years away, the timing has investors closely monitoring the company ahead of the highly anticipated event next month.
With reports that the Oct. 10 event will take place at a Warner Bros. Discovery studio lot in California, anticipation for live demonstrations of the autonomous technology has increased.
Tesla is expected to show off the new robotaxi and demonstrate the latest technology, which could include charging methods.
Tesla originally scheduled the robotaxi event for Aug. 8. The company delayed the event due to extra time needed for an "important design change."
"Requested what I think is an important design change to the front, and extra time allows us to show off a few other things," Tesla CEO Elon Musk said about the delay.
TSLA Price Action: Tesla stock is up 6.6% to $242.25 on Thursday versus a 52-week trading range of $138.80 to $273.93. Tesla stock is down 2% year-to-date in 2024.
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<li><a href="https://www.benzinga.com/news/24/09/40839183/tesla-patent-shows-new-automotive-assembly-process-that-could-help-cut-costs-efficiently-assembling">Tesla Patent Shows New Automotive Assembly Process That Could Help Cut Costs: &#8216;Efficiently Assembling Vehicles&#8217;</a></li>
</ul>
Image: Courtesy of Tesla

Tech

TSLA

Tesla Has Wireless Charging Patent: Will Elon Musk Reveal New EV Technology At Robotaxi Event?

UBS analyst Jay Sole maintains Children's Place (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLCE#NASDAQ">PLCE</a>) with a Neutral and raises the price target from $12 to $18.

PLCE

UBS Maintains Neutral on Children's Place, Raises Price Target to $18

Over the past 24 hours, Ethereum Classic's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>) price has risen 5.87% to $19.0. This continues its positive trend over the past week where it has experienced a 3.0% gain, moving from $18.47 to its current price. As it stands right now, the coin's all-time high is $167.09. 
The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726772413_0.png" alt="price_chart" />
Ethereum Classic's trading volume has climbed 84.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 0.31%. This brings the circulating supply to 148.81 million, which makes up an estimated 70.62% of its max supply of 210.70 million. According to our data, the current market cap ranking for ETC is #37 at $2.82 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726772413_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$ETC

Cryptocurrency Ethereum Classic Up More Than 5% In 24 hours

Wrapped eETH's (CRYPTO:WEETH) price has increased 6.19% over the past 24 hours to $2,593.95. Over the past week, WEETH has experienced an uptick of over 5.0%, moving from $2,471.02 to its current price. As it stands right now, the coin's all-time high is $4,196.87. 
The chart below compares the price movement and volatility for Wrapped eETH over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1726772405_0.png" alt="price_chart" />
The trading volume for the coin has risen 64.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.41%. This brings the circulating supply to 1.57 million. According to our data, the current market cap ranking for WEETH is #27 at $4.08 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1726772405_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cryptocurrency Wrapped eETH's Price Increased More Than 6% Within 24 hours

Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>)-owned Walt Disney Studios bagged a first-look feature deal with &#8216;Spider-Man: No Way Home&#8217; director Jon Watts.
A first-look deal means that every project developed by Jon Watts has to be offered to Disney first.
Watts and his production company, Freshman Year, will direct and produce films for Disney Live Action and 20th Century Studios, Deadline <a target="_blank" href="https://deadline.com/2024/09/spider-man-no-way-home-director-jon-watts-sets-first-look-film-deal-with-walt-disney-studios-1236093031/" rel="noreferrer noopener">reports</a>.
His producing partner, Dianne McGunigle, is also attached to the projects. This deal will allow Watts to explore various creative endeavors across multiple genres for the studios.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40749524/disney-data-leak-exposes-sensitive-info-streaming-and-park-revenue-report" rel="noreferrer noopener">Disney Data Leak Exposes Sensitive Info, Streaming And Park Revenue: Report</a>
Spider-Man trilogy grossed over $4 billion globally. Watts has ventured into other projects, including Wolf, starring George Clooney and Brad Pitt, for Apple TV+.
Disney Marvel&#8217;s 2024 release &#8220;Deadpool &amp; Wolverine&#8221; set records with the release of the third film in the franchise. The movie has earned $582.7 million in domestic box offices and $634.8 million internationally, bringing its global total to $1.22 billion, according to a <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/09/40737439/ryan-reynolds-dominates-box-office-as-deadpool-while-also-building-billion-dollar-businesse" rel="noreferrer noopener">September 5 report</a>.
Watts and McGunigle&#8217;s other projects included Final Destination: Bloodlines for Warner Bros, a feature adaptation of the Murder 101 podcast for Amazon, and the Keith Schofield-directed NSFL.
Price Action: DIS stock is up 0.97% at $94.49 at last check Thursday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Media

Disney Strikes First-Look Deal With Spider-Man Director Jon Watts: Report

UBS analyst Ashwani Verma initiates coverage on Exelixis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) with a Neutral rating and announces Price Target of $30.

EXEL

UBS Initiates Coverage On Exelixis with Neutral Rating, Announces Price Target of $30

U.S. stocks traded higher toward the end of trading, with the S&amp;P 500 gaining around 100 500 points on Thursday.
The Dow traded up 1.28% to 42,032.26 while the NASDAQ rose 2.65% to 18,038.75. The S&amp;P 500 also rose, gaining, 1.80% to 5,719.64.
Check This Out: <a href="https://www.benzinga.com/news/24/09/40937584/alphabet-mcdonalds-and-2-other-stocks-executives-are-selling">Alphabet, McDonald&#8217;s And 2 Other Stocks Executives Are Selling</a>
Leading and Lagging Sectors Information technology shares jumped by 3.3% on Thursday.
In trading on Thursday, utilities shares fell by 0.5%.
Top Headline
Darden Restaurants, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) reported first-quarter financial results on Thursday.
The company reported adjusted earnings per share of $1.75, missing the analyst consensus estimate of $1.83. Quarterly sales of $2.76 billion missed the street view of $2.80 billion.
FactSet said it sees fiscal 2025 revenue of $2.285 billion–$2.305 billion versus $2.301 billion estimate and adjusted EPS of $16.80–$17.40 versus consensus of $17.36.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Edgewise Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) shares shot up 54% to $29.42 after the company announced top-line data of EDG-7500 from the Phase 1 trial in healthy subjects and the single-dose arm of the Phase 2 CIRRUS-HCMtrial in patients with obstructive HCM.</li>
<li>Shares of Signing Day Sports, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SGN#NYSE">SGN</a>) got a boost, surging 265% to $0.4737 after the company announced it will acquire sports gaming technology company Swifty Global.</li>
<li>Mobileye Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) shares were also up, gaining 17% to $13.59 after Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) said it does not plan to divest its majority interest in the company. U.S. Fed rate cut also had a bearing on the stock price movement.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Haoxi Health Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAO#NASDAQ">HAO</a>) shares dropped 75% to $0.76. Haoxi Health Technology announced the pricing of a $12 million underwritten follow-on public offering of 4 million units at a price of $3 per unit.</li>
<li>Shares of Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) were down 33% to $16.47 after a client elected to exercise an option to terminate its services agreement with the company.</li>
<li>Vivos Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VVOS#NASDAQ">VVOS</a>) was down, falling 21% to $3.26 after the company announced a $4.3 million registered offering of 1.36 million shares of common stock at $3.15 per share.</li>
</ul>
Commodities In commodity news, oil traded up 1.4% to $71.93 while gold traded up 0.6% at $2,614.30.
Silver traded up 2.2% to $31.37 on Thursday, while copper rose 1.2% to $4.35.
Euro zone
European shares were higher today. The eurozone's STOXX 600 climbed 1.38%, Germany's DAX climbed 1.55% and France's CAC 40 jumped 2.29%. Spain's IBEX 35 Index rose 0.80%, while London's FTSE 100 rose 0.91%.
The Bank of England maintained the Bank Rate at 5% during its September meeting, after cutting rates by 25 bps in August. The current account surplus in the Eurozone increased to €48 billion in July from €25.5 billion in the year-ago period.
Asia Pacific Markets
Asian markets closed higher on Thursday, with Japan's Nikkei 225 gaining 2.13%, Hong Kong's Hang Seng Index surging 2%, China's Shanghai Composite Index gaining 0.69% and India's BSE Sensex gaining 0.29%.
Hong Kong's unemployment rate came in unchanged at 3% in the three months ending August. The Hong Kong Monetary Authority cut its base rate by 50bps to 5.25% at its recent meeting.
Economics
<ul>
<li>The U.S. reported a current account deficit of $266.8 billion in the second quarter versus a gap of $241 billion in the prior period and higher than market estimates of a $260 billion gap.</li>
<li>U.S. initial jobless claims fell by 12,000 from the prior week to 219,000 in the week ending September 14, compared to market expectations of 230,000.</li>
<li>The Philadelphia Fed Manufacturing Index climbed to 1.7 in September from -7 in the previous month and topping market estimates of -1.</li>
<li>U.S. natural-gas stocks rose 58 billion cubic feet during the week that ended Sept. 13, compared to market expectations of a 53 bcf gain.</li>
</ul>
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</ul>

Equities

Eurozone

Commodities

Intraday Update

EWTX

INTC

MBLY

PGNY

VVOS

Crude Oil Gains Over 1%; Mobileye Global Shares Jump

<a href="https://iceberg-research.com/2024/09/19/new-found-gold-corp-nyse-nfgc-tsx-nfg-lies-misrepresentations-and-a-professional-stock-promoter/" title="https://iceberg-research.com/2024/09/19/new-found-gold-corp-nyse-nfgc-tsx-nfg-lies-misrepresentations-and-a-professional-stock-promoter/">https://iceberg-research.com/2024/09/19/new-found-gold-corp-nyse-nfgc-tsx-nfg-lies-misrepresentations-and-a-professional-stock-promoter/</a>

Short Sellers

Short Ideas

NFGC

Watching Shares Of New Found Gold, Iceberg Research Publishes Report Titled, "New Found Gold Corp. (NYSE: $NFGC, TSX: $NFG): Lies, Misrepresentations, and a Professional Stock Promoter"

Big tech is acting <a href="https://www.benzinga.com/topic/surveillance">more like Big Brother</a>.
That&#8217;s according to the latest report from the Federal Trade Commission (FTC). The Thursday release details how major social media and video streaming platforms have taken snooping to a whole new level.
"The report lays out how social media and video streaming companies harvest an enormous amount of Americans' personal data and monetize it to the tune of billions of dollars a year," said FTC Chair Lina Khan in a statement Thursday. "While lucrative for the companies, these surveillance practices can endanger people's privacy, threaten their freedoms, and expose them to a host of harms, from identify theft to stalking.&#8221;
The FTC mentions nine companies specifically:
<ul>
<li>Amazon.com Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Twitch</li>
<li>Meta Platforms&#8217; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook</li>
<li>Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) YouTube</li>
<li>X.com, formerly Twitter </li>
<li>ByteDance Ltd., which owns the video-sharing platform TikTok</li>
<li>Discord Inc.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>)</li>
<li>WhatsApp Inc. (also owned by Meta)</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>)</li>
</ul>
Each company is monetizing the personal information of its users while failing to provide sufficient privacy protections, the FTC claims. 
&#8220;Several firms' failure to adequately protect kids and teens online is especially troubling,&#8221; Khan added, calling the report's findings &#8220;timely,&#8221; particularly as policymakers consider legislation to protect people from &#8220;abusive data practices."
<h1 class="wp-block-heading">Unchecked Data Collection And Sharing</h1>
In 2020, the FTC issued orders to the nine social media and video streaming companies, requiring them to provide data on how they collect, use and present personal information.
What regulators found was that the platforms collected massive amounts of personal data, including from data brokers, not only from users but also from non-users. The data then fuels automated systems for targeted advertising and algorithmic content delivery.
The agency flagged these companies for a lack of transparency and making little effort to inform users or allow them to opt out of data collection. In some cases, the companies failed to delete user data even when requested, raising further concerns about data retention and privacy rights, the report continued.
The FTC found that companies employed privacy-invasive technologies, such as tracking pixels, to monitor users&#8217; behavior and serve personalized ads. These advertising models are the backbone of their businesses, often in direct conflict with user privacy. Companies also <a href="https://www.benzinga.com/general/entertainment/24/04/38054087/facebook-is-selling-your-private-messages-lawsuit-alleges">shared collected data broadly</a> with third parties, amplifying the risk of misuse.
See Also: <a href="https://www.benzinga.com/news/24/07/39848971/new-instagram-study-to-investigate-social-medias-effects-on-teen-mental-health">New Instagram Study to Investigate Social Media&#8217;s Effects On Teen Mental Health</a>
<h1 class="wp-block-heading">Impact On Children And Teens</h1>
The report reveals social media and streaming platforms failed to protect younger users.
Companies either claimed there were no children on their platforms or their services weren't designed for minors. The FTC slammed it as an attempt to bypass regulations like the Children's Online Privacy Protection Act (COPPA).
However, the report highlights many platforms treat teens similarly to adults, without implementing additional safety measures or privacy protections for these vulnerable users.
The report wasn&#8217;t without its critics, including those from within the FTC.
Commissioner Andrew Ferguson, for example, voted to approve the publication of the report but argues it &#8220;should have focused more on proposing legislative improvements to the online rights of parents and children rather than accusing companies of violating existing law under novel, dubious theories.&#8221;
Ferguson argued against the claim that consumers can suffer "extreme harm" by being shown a targeted advertisement. He called it &#8220;a gratuitous attack on the online economy made with the goal of justifying heavy-handed regulation.&#8221;
Indeed, legislators who lean both Democrat and Republican seldom meet in the middle when addressing digital privacy. Recall how Republican Gov. Ron DeSantis signed the country's <a href="https://www.benzinga.com/markets/equities/24/03/37922168/new-florida-law-to-ban-social-media-for-kids-under-14-require-id-checks-on-all-ages-whats-at-sta">most restrictive social media law</a> to date, banning children under 13 from using platforms such as Instagram, Facebook and ByteDance&#8217;s TikTok.
And Beijing-based Bytedance is already facing massive scrutiny from the federal government over fear that user data is vulnerable. A new bill seeks to <a href="https://www.benzinga.com/markets/asia/24/03/37800098/tiktok-ban-china-has-the-power-to-block-sale-gains-leverage-over-washington" target="_blank" rel="noreferrer noopener">force the company to sell its U.S. operations</a> to a local buyer by early 2025. Otherwise, TikTok faces a complete shutdown in the U.S. 
Republican nominee and former President Donald Trump has placed low emphasis on regulation ahead of <a href="https://www.benzinga.com/topic/2024-presidential-election">the 2024 presidential election</a>. After all, he has the support of X.com owner Elon Musk and several Silicon Valley billionaires, including Marc Andreessen <a href="https://sfstandard.com/2024/08/16/felicia-ben-horowitz-party-switch/">and</a> Ben Horowitz.
Vice President Kamala Harris, the Democratic nominee, has not pushed for big tech companies to be broken up. Instead, she argues that these companies should be "regulated in a way that we can ensure the American consumer can be certain that their privacy <a href="https://www.benzinga.com/general/politics/24/07/39889666/kamala-harris-on-ai-tiktok-and-big-tech-breakups-privacy-is-not-being-compromised">is not being compromised</a>."
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Piper Sandler analyst Brent Bracelin maintained an Overweight rating on HubSpot Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/HUBS/analyst-ratings" rel="noreferrer noopener">$570&nbsp;price target</a>.
Bracelin expects HubSpot to gain market share due to its highly efficient GTM effort combined with organic product development, which results in customer satisfaction and structurally higher gross dollar retention in the high 80s.
The analyst noted that the company is increasing, expanding at three times the market&#8217;s 11% rate over the last four years, yet its share is still a tiny 4%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40251885/hubspot-analysts-cut-their-forecasts-after-q2-results" rel="noreferrer noopener">HubSpot Analysts Cut Their Forecasts After Q2 Results</a>
In the near term, HubSpot faces headwinds in macro and foreign exchange, but the company expects to recover quickly when the economy strengthens.
Bracelin attended the HubSpot customer conference (Inbound) and analyst day in Boston, MA, which left him incrementally positive that moving past the election or <a target="_blank" href="https://in.benzinga.com/markets/equities/24/09/40932103/it-stocks-on-the-rise-after-u-s-fed-cuts-interest-rate" rel="noreferrer noopener">interest rate cuts</a> could spur new customer spending growth.
The analyst remains impressed with HubSpot&#8217;s product innovations, which drive substantial customer net additions and above-market growth despite two years of challenging macroeconomic conditions.
The company discussed a new series of AI product innovations, Bracelin flagged. Partner and customer discussions indicate incremental bullishness on demand trends moving into 2025.
The company also updated its long-term operating margin target from 20%-25% to 25%. Agency partners remain committed to the HubSpot platform and, despite a change in commission structure, continue to drive net new business for the company, the analyst noted.
CEO Yamini Rangan&#8217;s keynote address highlighted the key challenge for HubSpot&#8217;s customers over the last two years. Bracelin noted that this challenge is highly correlated to the recent interest rate cycle, making attracting and retaining customers more demanding.
Management continues accelerating AI product development with several new modules released at Inbound 2024.
During the keynote session, Bracelin noted that CTO and co-founder Dharmesh Shah highlighted HubSpot&#8217;s development of a &#8220;LinkedIn&#8221;-style interface where customers can search for and utilize AI agents for various use cases.
Based on partner discussions, the analyst summarized his conclusions. Near-term trends are improving, with July and August being better than May and June, Bracelin noted.
Bracelin spoke with several ZoomInfo Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) partners and direct customers, who indicated that more SMB churn could be on the company&#8217;s horizon.
During the formal investor session, management highlighted core tenets of the HubSpot platform, including ease of use, fast time to value, and a unified platform built organically, the analyst noted. The company discussed usage-based pricing for the first time, which could be on the horizon.
Bracelin projected fiscal 2024 revenue of $2.57 billion and EPS of $7.66.
Price Action: HUBS stock is up 4.86% at $528.52 at the last check on Thursday.
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