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HELLENiQ ENERGY Holdings SA is an energy group company. The company's activities include Refining, Supply and Trading; Marketing (Domestic and International); Production and Trading of Petrochemicals; Electricity Generation (from conventional and renewable energy) & Trading and Natural Gas; Exploration and Production of Hydrocarbons and Electromobility.

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Oil prices surge on anticipation of increased demand and ongoing supply constraints. Goldman Sachs projects continued demand growth until 2034.

WTI Crude Hits $80, Notches Best Day In Over 2 Months: &#39;Peak Oil Demand Still A Decade Away&#39;

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Starbucks CEO In Open Letter, Says For Us, Investing In Tech To Enhance Partner & Customer Experience, Supply Chain & Evolve App, Mobile Ordering Platform; Internationally, See Enormous Potential For Growth, Especially In Regions Like M. East, APAC, Europe & Latam; In China, Need To Understand Potential Path To Capture Growth

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.centuryparkcapital.com&amp;esheet=54120123&amp;newsitemid=20240910686323&amp;lan=en-US&amp;anchor=Century+Park+Capital+Partners&amp;index=1&amp;md5=35f383c64f9cdf05c93cf40a0999bf29">Century Park Capital Partners</a> ("Century Park") is pleased to announce that International Business Machines Corporation ("IBM") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) has entered into a definitive agreement to acquire its portfolio company, <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.accelalpha.com&amp;esheet=54120123&amp;newsitemid=20240910686323&amp;lan=en-US&amp;anchor=Accelalpha%2C+Inc.&amp;index=2&amp;md5=6034901edf4663852fecfb62b6eb43d3">Accelalpha, Inc.</a> ("Accelalpha"). The transaction is expected to close in Q4 2024, subject to customary closing conditions and regulatory approvals. Financial details of the transaction were not disclosed.
Accelalpha is a leading global provider of Oracle Fusion Cloud Applications consulting, implementation and managed services. Its highly skilled team serves clients across North America, Europe, Asia, the Middle East and South America, with a focus on distribution, industrial and financial services sectors. Accelalpha was founded in 2009 by its current CEO, Nat Ganesh. Century Park invested in Accelalpha alongside Nat Ganesh and a meaningful group of employee equityholders in 2020.

IBM Has Entered Into A Definitive Agreement To Acquire Its Portfolio Company, Accelalpha, Inc.; Expected To Close In Q4 2024; Financial Details Of The Transaction Were Not Disclosed

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) analysts saw limited details on Apple Intelligence and came away mostly mixed or negative from the Glowtime event held Monday.
The Apple Analysts: Bank of America analyst Wamsi Mohan reiterated a Buy rating with a $256 price target.
Needham analyst Laura Martin reiterated a Buy rating with a $260 price target.
Wedbush analyst Dan Ives reiterated an Outperform rating and raised the price target from $285 to $300.
Oppenheimer analyst Martin Yang reiterated an Outperform rating with a $250 price target.
Piper Sandler analyst Matt Farrell maintained a Neutral rating with a $225 price target.
KeyBanc analyst Brandon Nispel maintained a Sector Weight rating with no price target.
Morgan Stanley analyst Erik Woodring reiterated an Overweight rating with a $273 price target.
JPMorgan analyst Samik Chatterjee reiterated an Overweight rating with a $265 price target.

Bank of America on AAPL: Healthcare features, safety and convenience were highlights from Apple's event for Mohan.
"Devices will drive upgrades and bring new users to ecosystem," Mohan said.
The analyst said the new devices and increased functionality could help Apple expand its reach.
"Pricing remained unchanged and may help Apple sell more phones and also help in getting more users to upgrade in order to take advantage of Apple Intelligence."
Needham on AAPL: The Apple event may lead to consumers waiting to buy a new iPhone, Martin said in a new investor note.
"With lots of words like ‘later this year' and ‘early next year,' the core AAPL message for iPhone 16 was: Next year will be better," Martin said.
While Martin doesn't see Apple showing compelling reasons for consumers to buy new iPhones, the new Apple Watch and AirPod updates could see the opposite.
"We believe that the Watch and AirPod health-related updates (sleep apnea, hearing aids, etc.) will drive new sales of those devices, which should lock consumer into the AAPL ecosystem while they await a better iPhone."
Wedbush on AAPL: The iPhone 16 could be the "start of an AI-driven era," Ives said in a new investor note.
"Apple launched iPhone 16 which we believe will be the most successful iPhone unit launch in its history as Apple Intelligence will be the launching pad for the consumer AI Revolution globally," Ives said.
The analyst said the careful rollout of Apple Intelligence could be the right strategy to help with a "major upgrade opportunity" for Apple's users.
"We expect more partnerships on the China front for LLM around Baidu over the coming months that will fill in a missing piece of the AI puzzle in the key China market."
Ives said the new iPhones and the new ways for consumers to interact with their smartphones will help with iPhone growth for Apple in the next 12 to 18 months. Ives said the iPhone upgrade cycle could push Apple to a $4 trillion market capitalization.
Oppenheimer on AAPL: Upgrades to the iPhone may be more incremental than upgrades for accessories and other products, Yang said in a new investor note.
"We came away more impressed with meaningful upgrades coming to accessories than iPhones this year," Yang said. "Both Apple Watch and AirPods are getting hardware redesigns that dramatically improve user experience."
The analyst said iPhone users upgrading their smartphones could accelerate more in calendar year 2025 with Apple Intelligence fully rolled out around the world.
Piper Sandler on AAPL: The Apple Glowtime event went largely as expected, Farrell said in a new investor note.
The analyst said camera control, stable pricing and health-focused features were all highlights for Apple products during the event.
Negatives from the event could be the staggered Apple Intelligence roll-out and limited education on Apple Intelligence use cases.
"Our stance remains unchanged, with the stock already pricing in the ‘super cycle' excitement at current levels," Farrell said.
The analyst said pricing being consistent with previous iPhone upgrades could help with discretionary spending showing signs of weakness.
KeyBanc on AAPL: Apple's Glowtime event provided updates on devices and new features, but went off with limited surprises, Nispel said.
"We see the September event as a modest negative for AAPL given a lack of positive surprises and slightly less aggressive promotions from Carriers," Nispel said.
The analyst said announcements and pricing was in line with expectations.
Apple may rely on order volume growth and see less benefits from average sale prices, the analyst added.
For Apple's earnings results, the analyst sees the company having a benefit in the fourth quarter with 12.5% more time for pre-orders and 22% more time for shipping versus the prior year.
Morgan Stanley on AAPL: After Apple's Glowtime event, attention turns to pre-orders and lead times for the iPhone 16, Woodring said in a new investor note.
"Apple Intelligence driven multi-year device upgrade thesis intact," Woodring said. "Apple Intelligence language expansion timing the most important announcement today."
The analyst is lowering average sale prices for the iPhone with Apple not eliminating low-end iPhone 16s as some expected.
JPMorgan on AAPL: A larger focus on iPhone features outside of just Apple Intelligence was the key highlight from the event for Chatterjee.
The analyst said the key takeaways are Apple Intelligence being rolled out in October, upgrades to camera capabilities and pricing.
"Pricing being maintained across the board helps expand the addressable demographic and compares favorably to competing AI smartphones in the market, which have typically boasted price increases with introduction of AI features," Chatterjee said.
The analyst said the next catalyst for Apple will be order momentum for the iPhone 16 with the Glowtime event failing to be a positive catalyst.
 AAPL Price Action: Apple stock is down 1.12% to $218.44 on Tuesday versus a 52-week trading range of $164.08 to $237.23. Apple stock is up 18% year-to-date in 2024.
Read Next: <a href="https://www.benzinga.com/news/24/09/40797656/whats-going-on-with-palantir-stock">•&nbsp;What&#8217;s Going On With Palantir Stock?</a>
Photo: Apple iPhone 16 with Apple Intelligence, courtesy Apple

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AAPL

Apple Analysts Mixed After Glowtime Event: iPhone 16 Could 'Drive Upgrades,' But 'Next Year Will Be Better'

Dog-themed meme coin Neiro (CRYPTO: NEIRO) is benefiting from a recent Binance futures listing, causing traders to foresee a bright future <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40387150/memecoin-inspired-by-dogecoin-mascot-kabosus-sister-soars-1408-since-launch-what-you-need-">for the token</a>.
What Happened: Crypto trader The Solistice <a href="https://x.com/The__Solstice/status/1833324377493913911">noted</a> that Neiro is witnessing &#8220;insane volume,&#8221; with two times the trading volume of Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) at only 10% of its market cap. Neiro even reported higher trading volume than Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) at only 5% of its valuation.
Trader Crypto Coach <a href="https://x.com/WisdomMatic/status/1833434054714073234">stated</a> that after the Binance listing, market-making firm Wintermute is accumulating Neiro. Arkham Intelligence data shows Wintermute currently holding Neiro worth $2.3 million. The trader concluded, "The whales definitely know something. Imagine not having a NEIRO bag right now."
Meanwhile, professional speculator Villu Veedla <a href="https://x.com/VVeedla/status/1833348556205310387">called</a> Neiro better than Pepe and Dogwifhat, predicting a valuation in the billions if market sentiment allows for it. "To make a big run you need momentum on your side and people behind the project are top players and every move has been calculated so far," Veedla stated.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40742724/crypto-trader-dismisses-possibility-of-bitcoins-potential-crash-meme-coins-not-the-backbon">Crypto Trader Dismisses Possibility Of Bitcoin&#8217;s Potential Crash, Meme Coins Not The Backbone Of &#8216;All-Around Crypto Cycle&#8217;</a>
Why It Matters: Last week, Binance Futures <a href="https://x.com/BinanceFutures/status/1832043419012902949?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1832043419012902949%7Ctwgr%5Ece73d5504751165eaee70b8574bc7ab45d4ec3ec%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcoinmarketcap.com%2Fcommunity%2Farticles%2F66dc06c6e5d2a07c3f6c39f3%2F">announced</a> the listing of NEIRO futures with up to 75x leverage.
In early August, &#8220;Dogecoin Millionaire&#8221; Glauber Contessoto revealed that he had invested $100,000 in the meme coin, citing the potential to replicate the success stories of Dogecoin and Shiba Inu.
He added that NEIRO also demonstrated resilience during a 37% Ethereum flash crash, retaining a loyal community of holders, or &#8220;diamond hands,&#8221; which signals strong community support and trust in the project.
Price Action: In the past 24 hours, NEIRO is up 14.8%, taking its seven-day gains to 650%.
What&#8217;s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40222602/dogecoin-millionaire-invests-100-000-in-neiro-quite-literally-your-second-chance-at-doge-a">&#8216;Dogecoin Millionaire&#8217; Invests $100,000 In NEIRO: &#8216;Quite Literally Your Second Chance At DOGE And SHIB At Lower Valuations&#8217;</a></li>
</ul>
Image: Shutterstock

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

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$PEPE

$WIF

NEIRO, The Dogecoin Owner's New Shiba Inu Meme Coin, Rallies 659% In 7 Days: 'Better Than PEPE, WIF,' Speculator Says

Legal

Nippon Steel's Vice-Chair Will Meet Senior U.S. Officials In Washington On Wednesday

TopBuild's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLD#NYSE">BLD</a>) short percent of float has fallen 19.47% since its last report. The company recently reported that it has 732 thousand shares sold short, which is 2.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.64 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>TopBuild Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725985822_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for TopBuild has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing TopBuild's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, TopBuild's peer group average for short interest as a percentage of float is 6.93%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About TopBuild?

Regeneron Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REGN#NASDAQ">REGN</a>) has outperformed the market over the past 5 years by 18.88% on an annualized basis producing an average annual return of 31.5%. Currently, Regeneron Pharmaceuticals has a market capitalization of $126.19 billion. 
Buying $1000 In REGN: If an investor had bought $1000 of REGN stock 5 years ago, it would be worth $3,991.51 today based on a price of $1144.77 for REGN at the time of writing.
<h3>Regeneron Pharmaceuticals's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725985820_0.png" alt="comp_fig" />
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

REGN

$1000 Invested In This Stock 5 Years Ago Would Be Worth $4,000 Today

Krystal Biotech's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRYS#NYSE">KRYS</a>) short percent of float has fallen 4.6% since its last report. The company recently reported that it has 3.50 million shares sold short, which is 16.18% of all regular shares that are available for trading. Based on its trading volume, it would take traders 12.69 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Krystal Biotech Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725985816_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Krystal Biotech has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Krystal Biotech's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Krystal Biotech's peer group average for short interest as a percentage of float is 11.66%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

KRYS

How Is The Market Feeling About Krystal Biotech?

<a href="https://www.ft.com/content/648214d0-f049-4edb-8995-65bd6299fb4f" title="https://www.ft.com/content/648214d0-f049-4edb-8995-65bd6299fb4f">https://www.ft.com/content/648214d0-f049-4edb-8995-65bd6299fb4f</a>

"Nippon Steel Flies To Washington For Last-Gasp Push To Save U.S. Steel Deal; Biden Administration Opposes Japanese Company's Proposed $15B Takeover, Which Has Become An Election Issue" - Financial Times

IDEXX Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDXX#NASDAQ">IDXX</a>) has outperformed the market over the past 15 years by 9.87% on an annualized basis producing an average annual return of 21.29%. Currently, IDEXX Laboratories has a market capitalization of $39.51 billion. 
Buying $100 In IDXX: If an investor had bought $100 of IDXX stock 15 years ago, it would be worth $1,845.02 today based on a price of $479.99 for IDXX at the time of writing.
<h3>IDEXX Laboratories's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725985814_0.png" alt="comp_fig" />
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.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IDXX

Here's How Much You Would Have Made Owning IDEXX Laboratories Stock In The Last 15 Years

Ares Management's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARES#NYSE">ARES</a>) short percent of float has risen 8.92% since its last report. The company recently reported that it has 4.20 million shares sold short, which is 2.32% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.64 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ares Management Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725985810_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ares Management has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ares Management's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ares Management's peer group average for short interest as a percentage of float is 3.45%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

ARES

Peering Into Ares Management's Recent Short Interest

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Shares of banking and financial services stocks are trading lower in possible sympathy with Ally, which fell after the company's CFO noted credit challenges among borrowers. The sector earlier reacted to Fed Vice Chair for Supervision Barr previewing Basel and GSIB surcharge re-proposals.

One driven&nbsp;entrepreneur more than doubled his income by quitting his full-time job as a web&nbsp;developer&nbsp;to launch a side hustle selling t-shirts on&nbsp;Amazon.com Inc&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>). The best part is he only has to work&nbsp;<a href="https://www.benzinga.com/news/23/04/31687018/couple-uses-huge-airbnb-profits-to-buy-time-they-only-spend-1-hour-working-per-week">one hour each day</a>.&nbsp;
Printing Money:&nbsp;Ryan Hogue&nbsp;got the idea&nbsp;to start a print-on-demand&nbsp;<a href="https://www.benzinga.com/news/small-cap/23/01/30133560/looking-for-a-side-hustle-check-out-the-10-best-side-job-ideas-for-2023-and-how-to-get-started">side hustle</a>&nbsp;when he stumbled upon a Reddit post about how to make money online. By 2020, the&nbsp;side business became&nbsp;big enough&nbsp;that Hogue gave up his&nbsp;$85,000 salary to focus on it full-time. Now it brings in $14,600 each month on average, and he only spends an hour working each day, per a CNBC&nbsp;<a href="https://www.cnbc.com/2022/11/09/33-year-old-makes-14000-month-in-passive-income-from-online-business-i-work-on-it-just-1-hour-a-day.html">report</a>.
Hogue outsources all of the printing, packaging and&nbsp;shipping, so he doesn&#8217;t have to mess with any of the physical work or manage inventory. He really just has to come up with print&nbsp;ideas, and he&nbsp;doesn&#8217;t have a background in design.
He originally tried using&nbsp;Adobe Inc&#8217;s&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/adbe#NASDAQ">ADBE</a>) Photoshop, but it wasn&#8217;t very user-friendly with his lack of experience, he said. Instead, he started using online platforms that allowed him to download illustrations with commercial licenses, so he didn&#8217;t have to&nbsp;start&nbsp;from scratch.&nbsp;
Check This Out:&nbsp;<a href="https://www.benzinga.com/news/23/03/31445243/4-brain-hacks-to-supercharge-your-success">4 Brain Hacks To Supercharge Your Success</a>
He spends most of his time coming up with design ideas by doing keyword research or planning around pop culture and upcoming events.&nbsp;
About half of what he makes is driven by Amazon&#8217;s merch on-demand platform. Amazon makes it easy for creators to upload their artwork and choose their product types before automatically generating product listings and&nbsp;handling production, shipping and even&nbsp;<a href="https://www.benzinga.com/topic/amazon">customer service</a>.
&#8220;I like this platform because you don't have to pay money upfront for inventory,&#8221; Hogue said.&nbsp;
Sellers on the platform make between 13% and 37% depending on the product and price, and Amazon takes the rest. Hogue&nbsp;even expanded his offerings beyond t-shirts, selling sweatshirts and hats as well as accessories like mugs, phone cases and stickers.&nbsp;
Averaging a little less than $15,000 per month means Hogue ends up making more than $175,000 per year, which is more than double what he was making working 40 hours per week as a developer.
&#8220;I want people to know that they don't need a degree in graphic design to succeed in the print-on-demand business. They just need a little bit of creativity and a lot of drive,&#8221; Hogue said.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/23/03/31427264/creative-29-year-old-makes-22k-a-month-working-less-than-2-hours-a-day">Creative 29-Year-Old Makes $22K A Month Working &#8216;Less Than 2 Hours A Day&#8217;</a></li>
</ul>
This story is part of a new series of features on the subject of success, <a href="https://www.benzinga.com/topic/benzinga-inspire" target="_blank" rel="noreferrer noopener">Benzinga Inspire</a>. Some elements of this story were previously reported by Benzinga and it has been updated.
Photo: Shutterstock

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AMZN

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

Justine Musk, <a href="https://www.benzinga.com/personal-finance/24/05/38594265/elon-musks-ex-wife-said-she-lived-a-dream-lifestyle-while-married-but-all-she-wanted-was-the-lov">Elon Musk's first wife and the mother of his five children</a>, has a lot to say about her life with the man who's now one of the most famous entrepreneurs in the world. From their early days in college to the ups and downs of their relationship, she doesn't hold back in a talk titled "Visionaries are People Who Can See in the Dark" at the TEDxUIUC conference. 
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
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"I met him when I was 18. He was 19," she says. They crossed paths in college, where Elon was already showing the determination he's now known for. "He would call me up and ask me out, and I would say no. And it went on like this until we ended up living together."
Trending: Founder of Personal Capital and ex-CEO of PayPal <a href="https://www.benzinga.com/money/evergreen-money">re-engineers traditional banking with this new high-yield account — start saving better today.</a>
They started small, sharing an apartment with three roommates and a dachshund that, as she put it, "was not house trained." Later, even after they'd made it big and moved into a mansion in Bel Air, she jokes, "The dachshund still was not house trained." Justine shares moments like these, reminding us that even as they climbed to the top, some things just didn't change.
Elon's personality? She remembers that too. While many see him as this larger-than-life character, she recalls, "He always put ‘engineer' on forms instead of ‘CEO.'" And his wardrobe? Pretty much jeans and T-shirts. Even when a stylist tried to update his look, he would say, "I can't look cool or hip because I have to look like an engineer."
See Also: The number of ‘401(k)' Millionaires is up 43% from last year — <a href="https://www.benzinga.com/money/401k-millionaires">Here are three ways to join the club.</a>
In an interview, one of the more eyebrow-raising moments for Justine came when Elon mentioned that he was "<a href="https://www.benzinga.com/general/23/09/34624972/elon-musks-mom-says-she-knew-her-son-was-a-genius-before-preschool-happy-he-didnt-end-up-in-a-baseme">prepared to sacrifice everything</a>" to achieve his goal of sending a rocket into orbit – even if it meant the entire family ending up in her parents' basement. With her typical wit, she says, "I wanted to go back in time and tell him, ‘Have you seen my parents' basement?'"
She also touched on Elon's portrayal in The Simpsons and the line that stuck with her. A character hints that "someone like Elon must have a darkness in his soul." That line hit home for Justine. As a dark fantasy writer, she adds, "Darkness doesn't mean evil … it can mean anything that hasn't yet been brought to the light." That perspective on Elon's mind helps paint a picture of a man driven by things most of us will never fully understand.
Trending: This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, and you only need $100</a>.
As she <a href="https://www.benzinga.com/startups/24/01/36565680/elon-musks-first-wife-and-mother-of-5-kids-says-he-had-the-marriage-therapist-break-the-news-he-was">reflects on their years together</a>, Justine offers a funny and insightful view of Elon, showing what it's really like to live with someone whose ambitions stretch far beyond the everyday. "Visionaries take their passion and put themselves on the line unlike anybody else," she says, and from her stories, it's clear Elon was no exception.
Read Next:
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<li>Amid the ongoing EV revolution, previously overlooked low-income communities<a href="https://www.benzinga.com/money/dunamis-1">now harbor a huge investment opportunity at just $500.</a></li>
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RTX Corp.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rtx#NYSE">RTX</a>) business segment, Pratt &amp; Whitney, recently clinched a modification contract for the F-35 fighter jet&#39;s propulsion system. The award has been offered by the Naval Air Systems Command, Patuxent River, MD.
<h2>Details of the Deal</h2>
Valued at $111.9 million, the contract is projected to be completed by December 2026. Per the terms of the deal, RTX will offer continued technical engineering, flight test support, special tooling, test equipment repair, as well as flight test spare and repair parts for the F-35 Lightning II Propulsion System Block Four Flight Test Program.
The contract will serve the U.S. Navy, Marine Corps, Air Force and F-35 Cooperative Program Partners. Work related to this deal will be carried out in East Hartford, CT; Edwards Air Force Base, CA; and Patuxent River, MD.
<h2>What&#39;s Favoring RTX Stock?</h2>
As countries ramp up their defense purchases to strengthen their aerial combat readiness, the demand for fighter jets has surged over the past decade. Consequently, the demand for jet engines, particularly those powering advanced fighter jets, is also gaining traction. &nbsp;
The F-35 fighter jet, built by the United States&#39; largest defense contractor, Lockheed Martin (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lmt#NYSE">LMT</a>), plays a key role in many nations&#39; air defense systems. Resultantly, RTX, through its Pratt &amp; Whitney division, which manufactures the F135 engines for the F-35 aircraft, enjoys a steady influx of orders from the U.S. Army and international partners. The latest contract win is a bright example of that.&nbsp;
Notably, LMT&#39;s F-35 program continues to enhance its market reach across the globe, which, in turn, sets the stage for RTX to win more contracts involving the production of the F135 engine and other associated spare parts. Evidently, in July 2024, the Greek government finalized its intention to procure 20 of Lockheed&#39;s F-35 Lightning II aircraft, with an option to obtain another 20. No doubt such orders confirm the integration of RTX-made engines and other related parts in these jets, which, in turn, boosts the company&#39;s revenue growth prospects.
<h2>Will RTX Stock Gain in the Future?</h2>
The U.S. government&#39;s current inventory target consists of 2,456 F-35 aircraft for the U.S. Air Force, Marine Corps and Navy. Moreover, as geopolitical tensions across the globe have prompted a larger number of nations to invest more in strengthening their defense capabilities, the prospects for F-35 outside the United States also remain bright.&nbsp;
Notably, by the 2030s, more than 600 F-35s are anticipated to work together from more than 10 European countries.&nbsp;
Such growth projections for the F-35 fleet across the globe should usher in more order flows for Pratt &amp; Whitney, which, in turn, should provide a substantial boost to RTX&#39;s revenues.
<h2>Opportunities for RTX&#39;s Peers</h2>
Apart from Lockheed and RTX, defense majors that stand to benefit from the expanding F-35 fleet have been discussed below.
Northrop Grumman (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noc#NYSE">NOC</a>): The company is part of the international partnership involved in building three variants of the F-35 jet. It is engaged in the design and production of the AN/ASQ-242 Communications, Navigation and Identification avionics suite, which can be dynamically programmed to arm the F-35 pilot with multiple-mission capabilities, engineered for seamless transition from one mission phase to the next.
Northrop boasts a (three-to-five years) long-term earnings growth rate of 8.7%. The consensus estimate for NOC&#39;s 2024 sales implies an improvement of 5.4% from the 2023 reported figure.
BAE Systems (OTC: <a class="ticker" href="https://www.benzinga.com/stock/baesy#OTC">BAESY</a>): This defense major&#39;s short takeoff and vertical landing experience, along with air systems sustainment, supports F-35&#39;s combat capabilities. The company provides an electronic warfare suite for F-35 that includes fully integrated radar warning (targeting support and self-protection) to detect and defeat surface and airborne threats.
BAE Systems boasts a long-term earnings growth rate of 12.4%. The Zacks Consensus Estimate for BAESY&#39;s 2024 sales implies an improvement of 36.3% from the 2023 reported figure.
<h2>Price Performance</h2>
In the past year, shares of RTX have rallied 57.6% compared with the industry&#39;s 3.5% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/cf/77122.jpg?v=865311781" />
Image Source: Zacks Investment Research
<h2>Zacks Rank</h2>
RTX currently has a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2334044/rtx-wins-112m-contract-to-support-f-35-jet-s-propulsion-system?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2334044">To read this article on Zacks.com click here.</a>

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RTX Wins $112M Contract to Support F-35 Jet's Propulsion System

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