InsCorp (OTC:IBTN) Stock, Quote.Headers.trade-ideas

InsCorp Inc along with its subsidiary is engaged in the origination and sales of mortgage loans on the secondary market. The company is a full-service financial institution that provides business and personal banking as well as mortgage lending. Its primary deposit products are demand and money market deposits and certificates of deposit, and its primary lending products are commercial loans, real estate loans, and lines of credit.

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VICTORY BANCORP INC by Victory Bancorp Inc.

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.


After Surviving 2020, The Future Looks Bright For Community Banks In 2021

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The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.

2020 was a year of divergence in markets. Some industries, like health care and e-commerce, benefited greatly from the effects of the pandemic. Others, like energy and travel, did not. 

How The Major Indexes On OTC Markets Performed In 2020

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Stocks That Hit 52-Week Highs On Wednesday

InsCorp Inc

Cantor Fitzgerald analyst Charles Duncan reiterates Axsome Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXSM#NASDAQ">AXSM</a>) with a Overweight and maintains $107 price target.

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AXSM

Cantor Fitzgerald Reiterates Overweight on Axsome Therapeutics, Maintains $107 Price Target

Deep-pocketed investors have adopted a bullish approach towards Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in COIN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 28 extraordinary options activities for Coinbase Glb. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 42% bearish. Among these notable options, 7 are puts, totaling $669,860, and 21 are calls, amounting to $2,660,141.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $145.0 to $420.0 for Coinbase Glb during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Coinbase Glb's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Coinbase Glb's whale trades within a strike price range from $145.0 to $420.0 in the last 30 days. 
<h3>Coinbase Glb 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726852868_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/15/26</td>
<td>$71.9</td>
<td>$71.75</td>
<td>$71.75</td>
<td>$150.00</td>
<td>$358.7K</td>
<td>5.3K</td>
<td style="text-align: right;">209</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/15/26</td>
<td>$72.85</td>
<td>$71.75</td>
<td>$71.75</td>
<td>$150.00</td>
<td>$358.7K</td>
<td>5.3K</td>
<td style="text-align: right;">114</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/15/26</td>
<td>$72.9</td>
<td>$71.75</td>
<td>$71.75</td>
<td>$150.00</td>
<td>$358.7K</td>
<td>5.3K</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/15/26</td>
<td>$71.9</td>
<td>$70.2</td>
<td>$71.75</td>
<td>$150.00</td>
<td>$258.3K</td>
<td>5.3K</td>
<td style="text-align: right;">295</td>
</tr>
<tr>
<td>COIN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.5</td>
<td>$18.25</td>
<td>$18.25</td>
<td>$160.00</td>
<td>$182.5K</td>
<td>1.3K</td>
<td style="text-align: right;">100</td>
</tr>
</tbody>
</table>

<h3>About Coinbase Glb</h3>
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
<h3>Present Market Standing of Coinbase Glb</h3>
<ul>
<li>Currently trading with a volume of 3,642,568, the COIN's price is up by 1.81%, now at $171.29. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 41 days.</li>
</ul>
<h3>Professional Analyst Ratings for Coinbase Glb</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $169.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays has elevated its stance to Equal-Weight, setting a new price target at $169. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coinbase Glb with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

COIN

Coinbase Glb Unusual Options Activity For September 20

Whales with a lot of money to spend have taken a noticeably bearish stance on AST SpaceMobile.
Looking at options history for AST SpaceMobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) we detected 17 trades.
If we consider the specifics of each trade, it is accurate to state that 29% of the investors opened trades with bullish expectations and 58% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $125,220 and 14, calls, for a total amount of $958,865.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $50.0 for AST SpaceMobile, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of AST SpaceMobile stands at 2844.36, with a total volume reaching 3,501.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AST SpaceMobile, situated within the strike price corridor from $5.0 to $50.0, throughout the last 30 days.
<h3>AST SpaceMobile Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726852863_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$13.8</td>
<td>$13.4</td>
<td>$13.4</td>
<td>$15.00</td>
<td>$268.0K</td>
<td>6.7K</td>
<td style="text-align: right;">201</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$18.6</td>
<td>$17.8</td>
<td>$18.0</td>
<td>$25.00</td>
<td>$180.0K</td>
<td>144</td>
<td style="text-align: right;">341</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$16.5</td>
<td>$14.0</td>
<td>$14.1</td>
<td>$45.00</td>
<td>$70.5K</td>
<td>267</td>
<td style="text-align: right;">506</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/25/24</td>
<td>$2.9</td>
<td>$2.7</td>
<td>$2.9</td>
<td>$32.00</td>
<td>$51.6K</td>
<td>227</td>
<td style="text-align: right;">178</td>
</tr>
<tr>
<td>ASTS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$2.7</td>
<td>$2.5</td>
<td>$2.55</td>
<td>$10.00</td>
<td>$50.9K</td>
<td>2.9K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About AST SpaceMobile</h3>
AST SpaceMobile Inc is a satellite designer and manufacturer. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers and finally bringing broadband to the billions who remain unconnected. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.
Having examined the options trading patterns of AST SpaceMobile, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is AST SpaceMobile Standing Right Now?</h3>
<ul>
<li>With a trading volume of 9,360,862, the price of ASTS is down by -0.56%, reaching $28.45.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 53 days from now.</li>
</ul>
<h3>What Analysts Are Saying About AST SpaceMobile</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $48.3.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Deutsche Bank has decided to maintain their Buy rating on AST SpaceMobile, which currently sits at a price target of $63. 
&#x2A; An analyst from Scotiabank persists with their Sector Outperform rating on AST SpaceMobile, maintaining a target price of $45. 
&#x2A; Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for AST SpaceMobile, targeting a price of $36. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for AST SpaceMobile with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

ASTS

AST SpaceMobile Unusual Options Activity

<a href="https://x.com/MartinShkreli/status/1837178336638030215" title="https://x.com/MartinShkreli/status/1837178336638030215">https://x.com/MartinShkreli/status/1837178336638030215</a>

DAWN

Watching Shares Of Day One Biopharmaceuticals; Martin Shkreli Post On X, "The stock $DAWN is a good long idea. Probably doubles."

Jefferies analyst Julien Dumoulin-Smith maintains GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) with a Buy and raises the price target from $261 to $293.

Jefferies Maintains Buy on GE Vernova, Raises Price Target to $293

ConsenSys, the blockchain company behind Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) infrastructure projects like MetaMask, has faced a setback in its lawsuit against the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40876874/sec-moves-to-amend-binance-lawsuit-reinforcing-claims-of-unregistered-securities-sales">U.S. Securities and Exchange Commission (SEC)</a>.
What Happened: The company had initially <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38520739/consensys-alleges-sec-covertly-targeted-ethereum-sparking-legal-battle">sued the SEC</a> for overreach, accusing the regulator of conducting an unnecessary investigation into Ethereum, specifically targeting Ethereum 2.0.
The lawsuit, filed earlier this year, sought to clarify that Ethereum's native token, ether, should not be classified as a security.
However, a Texas judge <a href="https://storage.courtlistener.com/recap/gov.uscourts.txnd.389154/gov.uscourts.txnd.389154.57.0.pdf">ruled </a>that the lawsuit lacked merit due to the SEC's decision to abandon its Ethereum probe. In his decision, Judge Reed O'Connor of the U.S. District Court for the Northern District of Texas explained, "because withholding consideration subjects plaintiff to scant, if any, hardship, the claim lacks a ripe case or controversy.&#8221; 
Essentially, the court found that without an active investigation, ConsenSys had no grounds to pursue the lawsuit.
This ruling follows the SEC's quiet closure of its Ethereum investigation earlier this year. 
ConsenSys celebrated this development, stating in a <a href="https://go.skimresources.com/?id=100652X1574425&amp;isjs=1&amp;jv=15.7.1&amp;sref=https%3A%2F%2Fwww.coindesk.com%2Fpolicy%2F2024%2F09%2F20%2Fconsensys-suit-against-us-sec-dismissed-by-texas-court%2F%3Futm_medium%3Dreferral%26utm_source%3Drss%26utm_campaign%3Dheadlines&amp;url=https%3A%2F%2Fx.com%2FConsensys%2Fstatus%2F1836882745630544015&amp;xs=1&amp;xtz=-120&amp;xuuid=6ca5d26533e61b37eaf421e8a45e09f3&amp;xjsf=other_click__contextmenu%20%5B2%5D">post</a> on X (formerly Twitter): "In a significant win for the industry, the SEC dropped its &#8216;Ethereum 2.0&#8217; investigation after our litigation was filed, and the Texas court today recognized that the SEC already gave ConsenSys the relief it sought on that critical issue for the Ethereum ecosystem."
<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/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40959531/oops-arthur-hayes-realizes-790-000-loss-on-this-ethereum-based-altcoin">Oops! Arthur Hayes Realizes $790,000 Loss On This Ethereum-Based Altcoin</a>
Why IT Matters: While the SEC hasn't officially commented on the judge's decision or the case&#8217;s dismissal, the outcome reflects broader concerns within the blockchain industry regarding regulatory overreach.
ConsenSys maintained that their lawsuit had "laid bare the overzealous investigation of Ethereum," and it echoed widespread unease over the SEC's aggressive stance on blockchain software development.
Initially, ConsenSys had sought legal recognition that ETH is not a security and that its flagship product, MetaMask, does not function as a broker under federal law.
Moreover, the company argued that its staking services did not violate securities regulations. 
Yet, while the Ethereum investigation has been dropped, the SEC followed up with charges <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39555976/sec-files-lawsuit-against-consensys-over-unregistered-brokerage-activities">in June</a>, accusing ConsenSys of operating MetaMask as an unregistered securities broker.
Despite these charges, the SEC has remained relatively quiet about Ether's legal status. However, the regulator recently <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40847331/gary-gensler-led-sec-directs-crypto-firm-to-halt-trading-for-all-coins-but-bitcoin-ethereu">reached a settlement</a> with trading platform eToro, allowing it to continue listing ETH in the U.S.
What&#8217;s Next: On November 19, these issues, along with the future of Ethereum and other crypto projects, will take center stage at Benzinga's highly anticipated <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event, where key players in the blockchain space will gather to discuss the intersection of regulation, technology, and innovation.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40955750/bitcoins-correction-ends-but-it-has-to-break-this-target-to-surge-to-70k-10x-research">Bitcoin&#8217;s Correction Ends, But It Has To Break This Target To Surge To $70K: 10x Research</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$ETH

Judge Dismisses ConsenSys Lawsuit After SEC Withdraws Ethereum Investigation

Veteran technical analyst CryptoCred sees a potential shift to a bullish market structure for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), suggesting the apex crypto is at <a href="https://www.benzinga.com/money/bitcoin-price-prediction">a critical juncture</a>. 
What Happened: CryptoCred took to his X <a href="https://x.com/CryptoCred/status/1837039942582600020">account</a> to emphasize the importance of using line charts for market structure analysis, noting that they &#8220;tend to be clearer as they only show the closes.&#8221; 
According to his analysis, Bitcoin has been forming lower highs on the weekly timeframe, indicating a bearish trend.
However, the analyst pointed out that the current price level represents &#8220;the bears&#8217; last stand,&#8221; describing it as the &#8220;last reasonable area where a lower high could form if they&#8217;re right + close proximity to invalidation.&#8221; 
This suggests that the market is at a pivotal point where the direction could shift significantly.
<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/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40955750/bitcoins-correction-ends-but-it-has-to-break-this-target-to-surge-to-70k-10x-research">Bitcoin&#8217;s Correction Ends, But It Has To Break This Target To Surge To $70K: 10x Research</a>
CryptoCred highlighted that a weekly close above $64,000, &#8220;ideally an impulsive one, would suggest a bullish break in market structure (first one in a while).&#8221; Such a move would have several implications for his trading system, including setting a higher timeframe directional bias towards bullish sentiment.
The analyst outlined three potential trading strategies in the event of a bullish breakout:
<ol>
<li>Holding lower timeframe long positions for longer durations with wider targets.</li>
<li>Entering positions at the weekly close if a strong signal appears.</li>
<li>Looking for medium timeframe pullback entries to establish positions at higher lows.</li>
</ol>
CryptoCred cautioned that while the market is currently at local resistance within a bearish weekly structure, a failure by bears to maintain control could have significant technical implications. He advised traders to have a plan ready for either scenario.
Crypto chart analyst Ali Martinez noted Bitcoin's critical level, testing the 200-day SMA, to confirm the bull run. He pointed out that when Bitcoin failed to reclaim the support in the past, it corrected significantly.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is once again testing the 200-day SMA, a critical level for confirming the bull run. Historically, failures to reclaim this support, as seen in 2020, 2018, and 2014, led to significant corrections. Watch closely—rejection here could signal trouble for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>! <a href="https://t.co/WWJgSHSvCd">pic.twitter.com/WWJgSHSvCd</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1836962233978606018?ref_src=twsrc%5Etfw">September 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40858231/bitcoin-decouples-from-gold-investors-leaning-towards-traditional-safe-haven-assets-crypto">Bitcoin Decouples From Gold: &#8216;Investors Leaning Towards Traditional Safe-Haven Assets,&#8217; CryptoQuant Signals</a></li>
</ul>
Image: Shutterstock

$BTC

Bitcoin Bears Are Facing 'Last Stand': Here's What Technical Analysts Are Saying

<a href="https://eletric-vehicles.com/lucid/lucid-motors-in-licensing-talks-with-many-automakers-vp-says/" title="https://eletric-vehicles.com/lucid/lucid-motors-in-licensing-talks-with-many-automakers-vp-says/">https://eletric-vehicles.com/lucid/lucid-motors-in-licensing-talks-with-many-automakers-vp-says/</a>

LCID

'Lucid Motors in Licensing Talks with "Many" Automakers, VP Says' - Eletric Vehicles

<a href="https://www.benzinga.com/personal-finance/24/05/38880642/2-million-is-nothing-suze-orman-warns-dont-retire-if-you-dont-have-at-least-5-million-or-10-mill">Suze Orman</a>, the well-known financial guru, has long advocated buying cars and keeping them for extended periods, a strategy that aligns with current automotive trends. In a recent interview with Go Banking Rates, Orman emphasized the financial wisdom of long-term car ownership.
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&#8220;When I buy a car, I keep it for at least 10 to 12 to 15 years or longer,&#8221; Orman said. &#8220;Right now, I am going on the 12th year that I have owned my car and I have no plans of getting rid of that car for years to come.&#8221;
Orman&#8217;s approach mirrors the evolving behavior of American car owners. According to S&amp;P Global Mobility, the average age of cars and light trucks in the U.S. reached a record high of 12.6 years in 2024, up from 12.5 years in 2023. This trend represents a significant increase from two decades ago when the average vehicle age was just 9.7 years.
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She also criticizes the practice of frequent car upgrades, <a href="https://www.benzinga.com/personal-finance/24/05/38555548/suze-orman-calls-car-leasing-the-biggest-waste-of-money-and-advises-to-buy-rather-than-lease">particularly leasing</a>. &#8220;I don&#8217;t buy a car every three years like most of you do,&#8221; she said. &#8220;I don&#8217;t lease a car every three years like many of you do, simply to drive a car to impress people you don&#8217;t even know at a stop sign with money you probably don&#8217;t even have.&#8221;
While Orman&#8217;s <a href="https://www.benzinga.com/personal-finance/24/09/40837523/suze-orman-isnt-wasting-money-on-insurance-for-her-condo-im-not-paying-28-000-a-year-when-the-in">advice may seem conservative</a>, it&#8217;s increasingly relevant given the current automotive market and rising car payments. According to Experian, the average monthly car payment for new vehicles was $735 in the first quarter of 2024, a 0.4% increase from the previous year. Used car payments also rose by 0.4%, reaching $523 per month.
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These high payments are largely due to the increasing costs of vehicles. According to Kelley Blue Book, the average price of a new car reached $48,247 in late 2023. Even used cars averaged $26,091, highlighting the significant financial commitment involved in vehicle purchases.
The financial implications of buying versus leasing are substantial. A 2024 analysis by MST found that over 39 months, leasing resulted in a total cash outlay of $16,622.19 compared to $18,910.09 for purchasing. However, purchasing builds equity, with the vehicle retaining a value of $11,512.48 at the end of this period.
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Despite these high prices and payments, car ownership remains prevalent in the U.S. A Forbes Advisor report indicates that 91.7% of U.S. households had at least one vehicle in 2022, with 22.1% owning three or more.
As vehicle costs continue to rise and economic uncertainties persist, Orman&#8217;s approach to car ownership may become increasingly appealing to consumers looking to maximize their automotive investments while minimizing long-term expenses. By avoiding the cycle of frequent upgrades and high monthly payments, consumers can <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">potentially save thousands of dollars</a> over the life of their vehicles.
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Personal Finance

Suze Orman Says Keep Your Car For '15 Years Or Longer' Instead Of Leasing A New One Every 3 Years Just To Impress Strangers

Friday was a lackluster session on Wall Street, with major U.S. averages lingering in negative territory at midday trading in New York. This session coincided with the simultaneous expiration of a large volume of options and futures contracts, commonly referred <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40959748/exclusive-options-expert-warns-of-terrible-week-after-fridays-triple-witching">to as &#8220;triple witching.&#8221;</a>
However, rather than a sharp spike in volatility, stocks edged only slightly lower, failing to trigger a rise in the CBOE Volatility Index (VIX).
Investor sentiment remained defensive, with 10 out of 11 sectors of the S&amp;P 500 falling, while utilities were the only sector to post a positive performance.
Dovish remarks from Federal Reserve Governor Christopher Waller indicated that he expects &#8220;very low&#8221; August Personal Consumption Expenditure (PCE) data. 
Waller also hinted at the possibility of a 25 basis point rate cut in the next meeting or two if the data continues to come in as expected, with a stronger size of cut if the labor market weakens and inflation softens more rapidly.
Waller's comments sent gold surging past $2,600 per ounce, marking new all-time highs.
Meanwhile, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) remained stable at $63,000.
<h1 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg (1-day %)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,015.17</td>
<td>0.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,700.41</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,771.36</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,237.55</td>
<td> -0.7%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent092024&amp;t=be2bearmibe3na1">Benzinga Pro </a>data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.5% lower to $567.92.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;edged 0.2% down to $420.43.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.3% to $481.96.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% to $222.50.</li>
<li>The Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 2.1%. The Industrials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) lagged, down 0.7%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>FedEx Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDX#NYSE">FDX</a>) tumbled 13.6% on dismal quarterly earnings. </li>
<li>Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) also reacted to earnings, falling over 4%. </li>
<li>Nike Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) rose over 6%, following the company&#8217;s appointment of Elliot Hill as the new CEO.</li>
</ul>
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Wall Street illustration created using artificial intelligence via MidJourney.

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Broad U.S. Equity ETFs

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ETFs

SPDR Dow Jones Industrial Average ETF Trust

Wall Street Falls On Triple Witching Day, Fed's Waller Pushes Gold To Fresh Record Highs, FedEx Plummets: What's Driving Markets Friday?

Deutsche Bank analyst Scott Deuschle maintains GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) with a Buy and raises the price target from $210 to $212.

Deutsche Bank Maintains Buy on GE Aero, Raises Price Target to $212

American Airlines Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">marginally lower on Friday.</a>
The firm is reportedly negotiating to make Citigroup, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) its exclusive credit card partner, ending its long-standing partnership with Barclays PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>), which dates back to the airline&#8217;s 2013 acquisition of US Airways, <a href="https://www.cnbc.com/2024/09/20/american-airlines-credit-card-talks-to-pick-citigroup-over-barclays.html" target="_blank" rel="noreferrer noopener">reported</a> CNBC.
In March, Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-03-04/american-air-wants-more-credit-card-revenue-from-bank-partners?sref=TBDibEcD" rel="noreferrer noopener">noted</a> that the airline is renegotiating its contract for co-branded credit cards to increase its share of a vital revenue stream for U.S. carriers.
A spokesperson for Citigroup informed CNBC that the company is continually collaborating with its partners, including American Airlines, to find opportunities to enhance customer products and promote shared value and growth.
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The recent news by CNBC suggests that the company&#8217;s discussions are still underway, and the timing for reaching an agreement, subject to regulatory approval, remains uncertain.
However, chances are there that objections from U.S. regulators, including the Department of Transportation, could potentially delay or even derail a contract between American Airlines and Citigroup, leaving the existing partnership with Barclays unchanged, CNBC flagged.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, AAL stock has lost over 15% in the past year. Investors can gain exposure to the stock via&nbsp;U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) and&nbsp;Themes Airlines ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRL#NASDAQ">AIRL</a>).
Price Action: AAL shares are trading lower by 1.17% to $10.98 at last check Friday.
Photo via Shutterstock
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CIBC analyst Paul Holden upgrades Bank of Nova Scotia (TSX:<a class="ticker" href="https://www.benzinga.com/stock/BNS#TSX">BNS</a>) from Neutral to Outperformer and raises the price target from C$78 to C$82.

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RBC Capital analyst Shelby Tucker reiterates Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) with a Sector Perform and maintains $214 price target.

RBC Capital Reiterates Sector Perform on Constellation Energy, Maintains $214 Price Target

B of A Securities analyst Sara Senatore maintains Cracker Barrel Old (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBRL#NASDAQ">CBRL</a>) with a Underperform and raises the price target from $40 to $42.

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B of A Securities Maintains Underperform on Cracker Barrel Old, Raises Price Target to $42

Despite California's cannabis market facing historic lows, there's been a notable surge in demand for cannabis businesses. The paradox arises from the complex dynamics within the industry, where economic downturns and heightened competition have pushed prices down, yet consumer interest and business opportunities remain robust.
California&#8217;s cannabis market, once projected to soar post-legalization, has seen a decline in wholesale prices and revenues due to overproduction, regulatory hurdles, and competition from the illicit market. Many businesses are struggling with shrinking profit margins, excessive taxation, and operational costs. However, these challenges have also created opportunities for new businesses and investors looking to capitalize on the industry&#8217;s long-term potential.
Lower market prices have made it easier for entrepreneurs to enter the cannabis space, purchasing businesses or investing in startups at a fraction of the cost seen during the initial cannabis boom. As established players consolidate or exit, newcomers are stepping in with innovative approaches, such as niche products, craft cannabis, or tech-driven solutions, seeking to capture underserved segments of the market.
The market&#8217;s downward pressure on prices has also expanded access to consumers, leading to increased demand, especially among recreational users. Additionally, public support for cannabis remains strong, with growing recognition of its medicinal and therapeutic benefits, further driving consumption.
While California&#8217;s cannabis market is at a low, this period is fostering a reimagining of the industry. Savvy entrepreneurs and investors view this as a prime opportunity to enter or expand in the cannabis space, positioning themselves for future growth as the market stabilizes and regulations evolve.
Examples of Cannabis Businesses In California On The Market Today:&nbsp;
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<li><a href="https://greenlifebusiness.com/property/premier-cannabis-dispensary-retail-w-prime-location-for-sale-through-receivership-call-for-offers-due-by-july-30th-richmond-california-1448/">Call For Offers Premier Cannabis Dispensary Retail W/ Prime Location For Sale Through Receivership CALL FOR OFFERS Due By August 16th (Richmond, California) #1448</a></li>
<li><a href="https://greenlifebusiness.com/property/city-of-san-diego-cannabis-dispensary-license-for-sale-near-college-san-diego-california-1519/">City of San Diego Cannabis Dispensary License For Sale NEAR College (San Diego, California) #1519</a></li>
<li><a href="https://greenlifebusiness.com/property/prime-location-operational-dispensary-delivery-business-for-sale-west-hollywood-california-1505/">PRIME Location Operational Dispensary &amp; Delivery Business For Sale (West Hollywood, California) #1505</a></li>
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<li><a href="https://greenlifebusiness.com/property/pre-ico-dispensary-license-relocatable-for-the-city-of-los-angeles-los-angeles-california-1522/">Pre ICO Dispensary License Relocatable for the City of Los Angeles (Los Angeles, California) #1522</a></li>
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To View California or Nationwide Listings For Sale please Visit <a href="http://greenlifebusiness.com">greenlifebusiness.com</a>. To get further information on a business or get an evaluation for your business call Green Life Business Group at 619-653-0483 or email at <a href="mailto:sales@glbgroupinc.com">sales@glbgroupinc.com</a>.

Cannabis

Increase in Demand For California Cannabis Assets Now That Market Is At All Time Low

Solid Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDP#NASDAQ">SLDP</a>) stock is trading higher on Friday after the company was selected by the U.S. Department of Energy Office of Manufacturing and Energy Supply Chains to start negotiations for up to $50 million in <a href="https://www.benzinga.com/news/24/09/40955243/solid-power-says-it-is-selected-by-u-s-department-of-energy-for-up-to-50m-award-negotiation-for-cont">federal funding</a>.
The Details: Federal funding, via the Bipartisan Infrastructure Law, supports creating a continuous manufacturing process for sulfide-based solid electrolyte materials.
The sulfide-based solid electrolyte material plays an integral part in the expected performance advancements in energy density, safety, stability and cost of advanced all-solid-state batteries. Currently, Solid Power can produce up to 30 metric tons of electrolyte per year. Through this project, Solid Power expects to increase its production capability to 75 metric tons in 2026 and 140 metric tons in 2028.
&#8220;We view our selection for funding by the U.S. Department of Energy as validation of the promise sulfide-based all-solid-state batteries hold,&#8221; said John Van Scoter, President and CEO of Solid Power. 
&#8220;By adopting a continuous manufacturing process for our electrolyte, we expect to be able to meet anticipated near-term demand and set Solid Power up to become the leading global producer of sulfide-based solid electrolyte.&#8221;
How To Buy Solid Power Shares
By now you're likely curious about how to participate in the market for Solid Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDP#NASDAQ">SLDP</a>) &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of Solid Power (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLDP#NASDAQ">SLDP</a>), which is trading at $1.49 as of publishing time, $100 would buy you 67.11 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
See Also: <a href="https://www.benzinga.com/news/24/09/40939510/palantir-stock-hits-52-week-highs-thursday-whats-going-on">Palantir Stock Hits 52-Week Highs Thursday: What&#8217;s Going On?</a>
SLDP Price Action: At the time of publication, Solid Power shares are moving 12.8% higher at $1.50, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: 791333 from Pixabay.

SLDP

What's Going On With Solid Power Shares Friday?

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