Incannex Healthcare Stock (NASDAQ:IXHL), Trade Ideas

Incannex Healthcare Inc is a clinical stage pharmaceutical company developing medical cannabis products for the treatment of Obstructive Sleep Apnea (OSA), Traumatic Brain Injury (TBI)/Concussion, Rheumatoid Arthritis, Inflammatory Bowel Disease, and Inflammatory Lung Conditions. The company has an Australian license to import, export, and distribute medicinal cannabis products and has launched a line of cannabinoid products.

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Psyched: DEA Revisits Ban On Two Psychedelics, Farewell Russell Newcombe, Podcast Episode On Kanna &amp; More

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Psyched: 5-MeO-DMT For Depression, Utah Hospitals Providing Therapy, Elon Musk And Meta&#39;s Influence

psychedelic chemistry (geralt by pixabay)

Health Care

Psilocybin-assisted therapy shows promise in treating GAD. Denver trains first responders in psychedelic crisis intervention. Heroic Hearts Project supports veterans with PTSD through legal psychedelic therapy. Colorado&#39;s Natural Medicine Health Act is a model for integrating psychedelics into public health.

Psychedelic-Assisted Therapy Advancements Create A New Horizon For Mental Health In Colorado

Incannex Healthcare Inc

News

Southwest Airlines CEO Says Further Capacity Reductions In 2024 And 2025 Create Additional Head Count And Efficiency Challenges; Have Essentially Frozen And Stopped All Hiring Except For A Limited Number Of Critical Positions; We Are Admittedly Materially Off The Plan To Cover The Cost Of Capital In 2024

<p>B of A Securities  analyst Craig Siegenthaler   maintains Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) with a Buy and raises the price target from $22 to $25.</p>


Price Target

Analyst Ratings

VIRT

B of A Securities Maintains Buy on Virtu Finl, Raises Price Target to $25

<p>Financial giants have made a conspicuous bullish move on Dell Technologies. Our analysis of options history for Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) revealed 23 unusual trades.</p>
<p>Delving into the details, we found 47% of traders were bullish, while 43% showed bearish tendencies. Out of all the trades we spotted, 10 were puts, with a value of $540,300, and 13 were calls, valued at $1,301,083.</p>
<h3>Predicted Price Range</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $105.0 to $140.0 for Dell Technologies during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for Dell Technologies options trades today is 807.65 with a total volume of 1,473.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Dell Technologies's big money trades within a strike price range of $105.0 to $140.0 over the last 30 days.</p>
<h3>Dell Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714063551_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$13.3</td>
<td>$13.1</td>
<td>$13.1</td>
<td>$120.00</td>
<td>$327.5K</td>
<td>3.2K</td>
<td style="text-align: right;">54</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$25.2</td>
<td>$24.8</td>
<td>$25.2</td>
<td>$125.00</td>
<td>$216.7K</td>
<td>37</td>
<td style="text-align: right;">86</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$28.3</td>
<td>$25.5</td>
<td>$26.9</td>
<td>$135.00</td>
<td>$172.1K</td>
<td>150</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.9</td>
<td>$11.3</td>
<td>$11.9</td>
<td>$140.00</td>
<td>$119.0K</td>
<td>433</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$21.0</td>
<td>$19.6</td>
<td>$20.55</td>
<td>$130.00</td>
<td>$113.0K</td>
<td>118</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Dell Technologies</h3>
<p>Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium personal computers and enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell is vertically integrated but has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.</p>
<p>Following our analysis of the options activities associated with Dell Technologies, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is Dell Technologies Standing Right Now?</h3>
<ul>
<li>With a trading volume of 3,309,816, the price of DELL is up by 3.24%, reaching $124.1.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 35 days from now.</li>
</ul>
<h3>Expert Opinions on Dell Technologies</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $141.0.</p>
<ul>
<li>An analyst from UBS has decided to maintain their Buy rating on Dell Technologies, which currently sits at a price target of $141. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Dell Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Markets

DELL

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

<p>Financial giants have made a conspicuous bearish move on MercadoLibre. Our analysis of options history for MercadoLibre (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MELI#NASDAQ">MELI</a>) revealed 12 unusual trades.</p>
<p>Delving into the details, we found 33% of traders were bullish, while 58% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $404,540, and 5 were calls, valued at $182,404.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1300.0 to $2600.0 for MercadoLibre over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for MercadoLibre's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MercadoLibre's whale activity within a strike price range from $1300.0 to $2600.0 in the last 30 days. </p>
<h3>MercadoLibre Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714063545_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MELI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$26.7</td>
<td>$21.4</td>
<td>$21.4</td>
<td>$1300.00</td>
<td>$107.0K</td>
<td style="text-align: right;">14</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>MELI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/03/24</td>
<td>$22.0</td>
<td>$20.1</td>
<td>$22.0</td>
<td>$1300.00</td>
<td>$99.0K</td>
<td style="text-align: right;">14</td>
<td style="text-align: right;">54</td>
</tr>
<tr>
<td>MELI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$37.5</td>
<td>$34.0</td>
<td>$34.0</td>
<td>$1300.00</td>
<td>$85.0K</td>
<td style="text-align: right;">42</td>
<td style="text-align: right;">75</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$59.5</td>
<td>$57.0</td>
<td>$57.0</td>
<td>$1370.00</td>
<td>$57.0K</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>MELI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$368.0</td>
<td>$351.1</td>
<td>$361.0</td>
<td>$1310.00</td>
<td>$36.1K</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About MercadoLibre</h3>
<p>MercadoLibre runs the largest e-commerce marketplace in Latin America, with more than 218 million active users and 1 million active sellers across 18 countries stitching into its commerce network or fintech solutions as of the end of 2023. The company operates a host of complementary businesses to its core online shop, with shipping solutions (Mercado Envios), a payment and financing operation (Mercado Pago and Mercado Credito), advertisements (Mercado Clics), classifieds, and a turnkey e-commerce solution (Mercado Shops) rounding out its arsenal. MercadoLibre generates revenue from final value fees, advertising royalties, payment processing, insertion fees, subscription fees, and interest income from consumer and small-business lending.</p>
<p>After a thorough review of the options trading surrounding MercadoLibre, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of MercadoLibre</h3>
<ul>
<li>Trading volume stands at 88,368, with MELI's price down by -0.77%, positioned at $1359.49.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 11 days.</li>
</ul>
<h3>Professional Analyst Ratings for MercadoLibre</h3>
<p>In the last month, 4 experts released ratings on this stock with an average target price of $1835.0.</p>
<ul>
<li>An analyst from Citigroup persists with their Buy rating on MercadoLibre, maintaining a target price of $1940. </li>
<li>Maintaining their stance, an analyst from UBS continues to hold a Buy rating for MercadoLibre, targeting a price of $1800. </li>
<li>An analyst from Wedbush persists with their Outperform rating on MercadoLibre, maintaining a target price of $1800. </li>
<li>Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for MercadoLibre, targeting a price of $1800. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MercadoLibre options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


MELI

MercadoLibre's Options Frenzy: What You Need to Know

Southwest Airlines CEO Says Will Be Back At Boeing This Summer When They Complete Their Plan , Will Be Visiting Spirit Aero As Well; We Will Not Tolerate Underperformance Of Any Kind

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Deere</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DE, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Deere.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 44% bullish and 44%, bearish.</p>
<p>Out of all of the special options we uncovered, 6 are puts, for a total amount of $244,794, and 3 are calls, for a total amount of $251,580.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $370.0 to $420.0 for Deere over the last 3 months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Deere's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Deere's substantial trades, within a strike price spectrum from $370.0 to $420.0 over the preceding 30 days.</p>
<h3>Deere 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1714063540_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>DE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$31.5</td>
<td>$31.5</td>
<td>$31.5</td>
<td>$370.00</td>
<td>$126.0K</td>
<td style="text-align: right;">389</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$59.8</td>
<td>$58.55</td>
<td>$59.22</td>
<td>$380.00</td>
<td>$88.8K</td>
<td style="text-align: right;">33</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$34.9</td>
<td>$33.4</td>
<td>$34.9</td>
<td>$400.00</td>
<td>$80.2K</td>
<td style="text-align: right;">730</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$41.15</td>
<td>$40.3</td>
<td>$40.3</td>
<td>$420.00</td>
<td>$40.3K</td>
<td style="text-align: right;">70</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>DE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$30.9</td>
<td>$28.35</td>
<td>$30.9</td>
<td>$390.00</td>
<td>$37.0K</td>
<td style="text-align: right;">569</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Deere</h3>
<p>Deere is the world's leading manufacturer of agricultural equipment, producing some of the most recognizable machines in the heavy machinery industry. The company is divided into four reportable segments: production and precision agriculture, small agriculture and turf, construction and forestry, and John Deere Capital. Its products are available through an extensive dealer network, which includes over 2,000 dealer locations in North America and approximately 3,700 locations globally. John Deere Capital provides retail financing for machinery to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Deere product sales.</p>
<h3>Present Market Standing of Deere</h3>
<ul>
<li>With a volume of 594,513, the price of DE is down -0.95% at $390.86. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 22 days.</li>
</ul>
<h3>Professional Analyst Ratings for Deere</h3>
<p>1 market experts have recently issued ratings for this stock, with a consensus target price of $425.0.</p>
<ul>
<li>An analyst from JP Morgan has decided to maintain their Neutral rating on Deere, which currently sits at a price target of $425. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Deere options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Deere's Options Frenzy: What You Need to Know

<p>B of A Securities  analyst Mark McLaughlin   maintains Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) with a Buy and lowers the price target from $145 to $141.</p>


B of A Securities Maintains Buy on Raymond James Finl, Lowers Price Target to $141

European Aeronautic Defence And Space Unsponsored

EADSY

Airbus CEO Says Spirit Aero Situation Is Very Much Something We Are Looking At; CFO Says Building Up Buffer Inventory Due To Stressed Supply Chain

<p><strong>Toyota Motor Corporation</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>) shares are<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">&nbsp;trading lower on Thursday.</a></p>
<p>In a press release, the auto giant confirmed its plans to prepare for an assembly of an all-new, three-row battery electric SUV in the U.S. as part of a new&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/n38435989/toyota-charges-up-investment-and-jobs-in-u-s-manufacturing" rel="noreferrer noopener">$1.4 billion&nbsp;investment in its&nbsp;Princeton&nbsp;facility</a>.</p>
<p>The latest development is a part of Toyota&#8217;s commitment to reinvesting profits in its U.S. operations and bringing total investment in Toyota Indiana to&nbsp;$8 billion.&nbsp;</p>
<p>&#8220;Indiana&nbsp;and Toyota share a nearly 30-year partnership that has cultivated job stability and economic opportunity in&nbsp;Princeton&nbsp;and the surrounding southwest&nbsp;Indiana&nbsp;region for decades,&#8221; said Governor&nbsp;Eric J. Holcomb.</p>
<p>Toyota said that it brings the addition of up to 340 new, high-quality jobs with long-term stability.</p>
<p>This investment will establish plant infrastructure for the new BEV and introduce a battery pack assembly line utilizing lithium-ion batteries from Toyota Battery Manufacturing North Carolina, a multi-billion dollar facility set to start production in 2025.</p>
<p>Toyota&#8217;s&nbsp;Indiana&nbsp;facility is home to over 7,500 team members who assemble the Toyota Sienna, Highlander, Grand Highlander&nbsp;and&nbsp;the Lexus TX.</p>
<p>Since 2021, Toyota has announced new investments totaling&nbsp;$18.6 billion&nbsp;into its U.S. manufacturing operations to support electrification efforts.&nbsp;</p>
<p>&#8220;Toyota&#8217;s investment in the state began with an&nbsp;$800 million&nbsp;commitment and has grown to over&nbsp;$8 billion,&#8221; Holcomb added.</p>
<p>This announcement comes on the heels of a&nbsp;$1.3 billion&nbsp;investment in Toyota Kentucky&nbsp;for the production of&nbsp;a separate all-new, three-row battery-electric SUV.</p>
<p>According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, TM stock has gained over 68% in the past year. Investors can gain exposure to the stock via&nbsp;<strong>Amplify ETF Trust Amplify International Enhanced Dividend Income ETF</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDVO#NYSE">IDVO</a>)</p>
<p>&nbsp;and&nbsp;<strong>Altrius Global Dividend ETF</strong>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DIVD#NASDAQ">DIVD</a>).</p>
<p><strong>Price Action: </strong>TM shares are trading lower by 3.47% to $224.79 at last check Thursday.</p>
<p><em>Photo by RYO Alexandre on Shutterstock</em></p>


Equities

Movers

General

DIVD

IDVO

What's Going On With Toyota Shares After Revealing $1.4B Investment At Princeton Facility For Making Electric SUVs?

Southwest Airlines CEO Says While There Is Much Work To Do, Encouraged By The Comprehensive Approach That Boeing Leadership Is Taking

Southwest Airlines CEO Says While It's Impactful I Support Boeing Taking The Time To Do The Work To Understand And Fix The Issues; A Stronger Boeing Company For The Long Term Is Good For Southwest Airlines; Headcount Will Be Down Again In 2025; Visited Boeing In Late March

<p>JMP Securities  analyst Silvan Tuerkcan   maintains Acrivon Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRV#NASDAQ">ACRV</a>) with a Market Outperform and raises the price target from $14 to $17.</p>


ACRV

JMP Securities Maintains Market Outperform on Acrivon Therapeutics, Raises Price Target to $17

<p>B of A Securities  analyst Craig Siegenthaler   maintains CME Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>) with a Neutral and raises the price target from $209 to $216.</p>


B of A Securities Maintains Neutral on CME Gr, Raises Price Target to $216

<p>As the real estate investment landscape continues to evolve, investors seek stable returns and diversification through real estate investment trusts (REITs). Among the myriad of options available, two REITs stand out for their exceptional performance and strategic positioning in the market. Let's take a look at each.</p>
<h2 class="wp-block-heading"><strong>EPR Properties</strong></h2>
<p><strong>EPR Properties</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPR#NYSE">EPR</a>) is a leading owner and manager of experiential real estate. Its portfolio currently consists of <a href="https://eprkc.com/who-we-are/about-epr/">359</a> entertainment, recreation, education, and leisure properties, including movie theaters, golf ranges, waterparks, amusement parks, fitness centers, private schools, and early childhood education centers.</p>
<p>EPR Properties currently pays a monthly dividend of $0.285 per share, equating to an annualized dividend of $3.42 per share and giving its stock a yield of about 8.3% today.</p>
<p>EPR had an impressive track record of dividend growth before it was forced to suspend its dividend as a result of the Covid-19 pandemic. However, with operations back to normal, the company is on pace for 2024 to mark the third consecutive year in which it has raised its annual dividend payment, and this could be the start to a very long streak.</p>
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<h2 class="wp-block-heading"><strong>First Industrial Realty Trust</strong></h2>
<p><strong>First Industrial Realty Trust </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>) owns and operates a portfolio of logistics properties containing approximately 68.1 million square feet of industrial space. Its properties are concentrated in 15 major markets, including Atlanta, Baltimore, Central and South Florida, Chicago, Cincinnati, Dallas, Detroit, Nashville, Phoenix, and Seattle.</p>
<p>First Industrial currently pays a quarterly dividend of $0.37 per share, equating to an annualized dividend of $1.48 per share and giving its stock a yield of about 3.2% today.</p>
<p>While its yield is not nearly as high as EPR's, First Industrial has a long streak of dividend raises. It has raised its annual dividend payment for 10 consecutive years, and its 15.6% hike in February has it on track for 2024 to mark the 11th consecutive year with an increase.</p>
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<li>Whole Foods&#8217; Landlord Has Achieved A 15% Net IRR For Accredited Investors Since 2015 — <a href="https://www.benzinga.com/go/whole-foods-landlord">Discover The Latest Investment Opportunities On Its Platform</a>.</li>
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<p><em>Image Credit: Shutterstock</em></p>


REIT

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JMP Securities Maintains Market Outperform on Meta Platforms, Lowers Price Target to $525

<ul>
<li><i>Multilateral agreement signed with three Abu Dhabi government departments identifies support for establishing and scaling Joby's air taxi service in Abu Dhabi and beyond</i></li>
<li><i>Agreement covers the potential to develop a full air taxi ecosystem, including training, infrastructure development and flight operations, as well as a manufacturing presence in Abu Dhabi</i></li>
<li><i>Agreement unlocks opportunity for inter-emirate air taxi services</i></li>
</ul>
<p>Joby Aviation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>), a company developing all-electric aircraft for commercial passenger service, today announced it has signed a multilateral Memorandum of Understanding (MoU) with the Department of Municipalities and Transport - Abu Dhabi (DMT), the Abu Dhabi Department of Economic Development (DED) and the Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) that lays the groundwork for Joby to establish and scale air taxi services in Abu Dhabi and beyond.</p>
<p>This press release features multimedia. View the full release here: <a href="https://www.businesswire.com/news/home/20240425195449/en/">https://www.businesswire.com/news/home/20240425195449/en/</a></p>
<p>The MoU, signed at the DRIFTx international thought-leadership and exhibition platform in Abu Dhabi, demonstrates the breadth of support available to Joby as part of their participation in the Smart and Autonomous Vehicles Industry (SAVI) cluster and builds on Joby's existing commitments to the UAE, including the exclusive right to operate air taxi services in Dubai, which the company expects to start as early as next year. The agreement also unlocks the potential for inter-emirate air taxi services, for example between Abu Dhabi and Dubai.</p>
<p><strong>His Excellency Mohamed Ali Al Shorafa, Chairman of DMT</strong>, commented on the agreement, saying: "Abu Dhabi aims to spearhead the advancement and implementation of the next era of advanced mobility solutions. Through the Emirate's SAVI cluster and this visionary partnership with Joby, we are not only laying the foundation for cutting-edge air taxi services but also shaping the future of transportation; igniting a journey where the sky is no longer the limit, but the beginning of endless possibilities. We look forward to seeing their innovative aircraft take-off from the UAE capital, offering the world a glimpse, through Abu Dhabi, of what the future of mobility looks like."</p>
<p><strong>His Excellency Ahmed Jasim Al Zaabi, Chairman of ADDED</strong>, said: "The development of an advanced industrial and manufacturing base is a core driver of Abu Dhabi's ‘economic diversification 2.0' agenda as outlined by the Abu Dhabi Industrial Strategy (ADIS), which is strengthening the Emirate's position as the region's most competitive industrial hub by increasing access to financing, enhancing ease of doing business, and attracting foreign direct investment. Smart and autonomous vehicles in particular are experiencing rapid growth, buoyed by the launch of the SAVI cluster, which leverages Abu Dhabi's world-class infrastructure to scale the operations of global companies. Joby's expansion into Abu Dhabi is a testament to the success of this strategy."</p>
<p><strong>H.E. Mohamed Khalifa Al Mubarak, Chairman of DCT Abu Dhabi</strong>, said: "The MoU aligns seamlessly with our Tourism Strategy 2030, which underscores our steadfast commitment to fostering sustainable growth and strategic development in the travel and tourism sector. As part of our focus on infrastructure and mobility, we are collaborating closely with both government and private sectors to harness smart city initiatives and sustainable technologies. Through the adoption of green transportation solutions, we aim to enhance the quality of experiences offered to both our community and visitors. The introduction of scale air taxi services marks a significant addition, enhancing accessibility to natural attractions, tourist hotspots, and architectural landmarks, thereby elevating overall visitor experiences."</p>
<p><strong>JoeBen Bevirt, founder and CEO, Joby Aviation</strong>, said: "Today's agreement demonstrates the incredible momentum behind the adoption of clean flight across the UAE. We're looking forward to delivering a fantastic experience for our future customers in Abu Dhabi and we're excited to be unlocking the potential for zero-emissions flight between Abu Dhabi and Dubai. We're grateful for the support and collaboration of our governmental partners and the entire ecosystem in Abu Dhabi and we remain deeply impressed by their commitment to building out a world-class aviation ecosystem in the Emirate."</p>
<p>Joby's aircraft, which is on display for the first time in Abu Dhabi at the DRIFTx event in Yas Marina, is designed to carry a pilot and four passengers at speeds of up to 200 miles per hour (321 km/h) with zero operating emissions and a remarkably low acoustic footprint. Its maximum range of 100 miles (161 km) would enable fast and clean air travel both within Abu Dhabi and across the wider UAE, with a journey from Abu Dhabi to Dubai taking around 30 minutes compared with around two hours by car during rush hour.</p>
<p>Joby has been working closely with the General Civil Aviation Authority (GCAA) of the UAE to define a path to support the region in becoming world leaders in the introduction of air taxis. The GCAA regulatory framework builds upon FAA standards with additional company testing and analysis alongside a high level of regulator oversight and an ongoing review process to ensure safety for early operations. Inter-emirate travel would require additional approval from the GCAA.</p>
<p>In November 2023, Joby's aircraft became the first electric air taxi to fly in New York City, building on a number of recent successes including the launch of production at the Company's initial manufacturing facility in California in June 2023 and the first ever delivery of an electric air taxi to the U.S. Department of Defense in September 2023. In February 2024, Joby confirmed it had completed the third of five stages required to receive type certification for its aircraft from the US Federal Aviation Administration. Joby is listed on the New York Stock Exchange and has raised more than $2 billion of funding to date, including investments from Toyota, Delta Air Lines, SK Telecom, Uber and Baillie Gifford.</p>
<p>Running from 25-26 April 2024 at Yas Marina Circuit, Abu Dhabi, DRIFTx is an international thought-leadership and exhibition platform dedicated to advancing the future of smart, autonomous, and sustainable mobility across air, land, and sea. Supported by the Abu Dhabi Investment Office (ADIO) and Abu Dhabi's SAVI cluster, DRIFTx is a leading global event to showcase the latest in advanced urban mobility, driving discussions, collaboration, and innovation across the sector.</p>
<p>Media assets, including footage of Joby's aircraft in flight and photos from the signing ceremony, are available <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fdrive.google.com%2Fdrive%2Ffolders%2F1JQwXuIGAbSWB4R-Ui3Ld9Ka1d5Vn10hT&amp;esheet=53956909&amp;newsitemid=20240425195449&amp;lan=en-US&amp;anchor=here&amp;index=1&amp;md5=abbedace37537fb9db1cf9f5494bfda2">here</a>.</p>


Global

JOBY

Joby Partners With Abu Dhabi To Establish Electric Air Taxi Ecosystem

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Guidance

Southwest Airlines CEO Says Co Needs To Increase Revenue Production To Offset Inflation

<p><strong>Newmont Corporation</strong>&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) shares are trading higher after the company reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/b38426146/newmont-reports-first-quarter-2024-results" rel="noreferrer noopener">first-quarter FY24 results</a>.</p>
<p>Revenue reached $4.023 billion, above the consensus of $3.670 billion.&nbsp;</p>
<p>Gold production fell 4% Y/Y to 1.675 million ounces due to lower output at Tanami on planned mill shutdown and seasonal rainfall impacts and the ongoing stripping campaigns at Boddington and Akyem.&nbsp;</p>
<p><strong><em>Also Read</em></strong><em>:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/03/37904712/newmonts-ghana-gold-mine-sale-targets-2b-attracts-chinese-giants" rel="noreferrer noopener">Newmont&#8217;s Ghana Gold Mine Sale Targets $2B, Attracts Chinese&nbsp;Giants</a></em></p>
<p>Gold Costs Applicable to Sales (CAS) stood at $1,057 per ounce, and gold All-In Sustaining Costs (AISC) came in at $1,439 per ounce.&nbsp;</p>
<p>Adjusted EBITDA rose 23% Q/Q to $1.694 billion in the quarter.&nbsp;Adjusted&nbsp;EPS of $0.55,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of $0.36</a>.</p>
<p>Capital expenditure decreased 8% Q/Q to $850 million, and operating cash flow rose 26% from the prior quarter to $776 million.</p>
<p>As of March 31, 2024, Newmont had cash and cash equivalents of $2.34 billion.</p>
<p><strong>Dividend</strong>: The company declared a dividend per share of $0.25 for the first quarter of FY24, payable on June 27 to shareholders of record on June 4.</p>
<p><strong>FY24 Outlook</strong>: The company reaffirms its outlook for gold production of around 6.9 million ounces and&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/02/37267757/why-gold-miner-newmont-shares-are-falling-today" rel="noreferrer noopener">Gold AISC of $1,400 per ounce</a>.</p>
<p>Newmont expects Tanami Expansion 2 development capital spending of $1.7 billion-$1.8 billion, with commercial production expected in the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">second half of 2027</a>.</p>
<p>The company delivered $105 million in synergies&nbsp;to-date&nbsp;related to the Newcrest transaction and is on track to deliver an expected $500 million in synergies by the end of 2025.</p>
<p><strong><em>Also Read</em></strong><em>:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/02/37287732/gold-miner-newmont-looks-to-sell-assets-reduce-8b-debt-load" rel="noreferrer noopener">Gold Miner Newmont Looks To Sell Assets, Reduce $8B Debt Load</a></em></p>
<p>Investors can gain exposure to the stock via&nbsp;<strong>IShares MSCI Global Gold Miners ETF&nbsp;</strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RING#NASDAQ">RING</a>) and&nbsp;<strong>VanEck Gold Miners ETF&nbsp;</strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>).</p>
<p><strong>Price Action</strong>: NEM shares are up 11.4% at $43.01 at the last check Thursday.</p>
<p><em>Photo via Shutterstock</em></p>


Earnings

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ACMR

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CDXS

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ESTA

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GTHX

IFBD

INGN

IRWD

KLIC

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Small Cap

Opinion

Press Releases

Thinking about buying stock in Altimmune, UiPath, Incannex Healthcare, Cartesian Therapeutics, or Rivian Automotive?

Incannex Update on IHL-42X Drug Candidate in Phase 2/3 Clinical Trial in Obstructive Sleep Apnea

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