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Barclays analyst Jason Goldberg maintains Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>) with a Equal-Weight and lowers the price target from $44 to $36.

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ALLY

Barclays Maintains Equal-Weight on Ally Financial, Lowers Price Target to $36

Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) may be regarded by consumers primarily as <a href="https://www.benzinga.com/news/24/09/40751108/whats-going-on-with-amazon-stock-friday">an e-commerce company</a>, given its blue delivery trucks are constantly dropping off packages at people&#8217;s doorsteps, but an analyst begs to differ.
&#8220;Our view is that eCommerce does NOT drive AMZN&#8217;s share price,&#8221; Needham analyst Laura Martin wrote in a note Thursday.
 &#8220;We believe AMZN is a Services company (ie, Advertising, Cloud, Prime Video, etc), NOT a products company, and eCommerce is all about products. Every quarter, we calculate a sum-of-the-parts valuation, and in most quarters we conclude that investors are paying almost nothing for AMZN&#8217;s eCommerce.&#8221;
She noted Amazon&#8217;s net revenue for this year&#8217;s second quarter grew 15% year-over-year to $86.4 billion, accounting for 58% of the company&#8217;s revenue of $148 billion in a three-month period and growing four timers faster than product sales revenue.
She said that quarterly product sales have stagnated at around $61 billion for every quarter since the first quarter of 2021, excluding the fourth quarter of every year.
Read Also: <a href="https://www.benzinga.com/real-estate/24/09/40814473/seller-of-79m-mansion-to-jeff-bezos-says-he-was-deceived-files-lawsuit-over-lost-millions-against-re">Seller Of $79M Mansion To Jeff Bezos Says He Was Deceived, Files Lawsuit Over Lost Millions Against Real Estate Firm That Brokered The Deal</a>
&#8220;AMZN&#8217;s services revs have been higher than its product sales for the past 11 quarters, and the gap is widening,&#8221; Martin wrote.
&#8220;We believe that eCommerce is where AMZN came from, but high margin businesses such as Advertising, Cloud, GenAI and other Services are where AMZN is going,&#8221; she added.
Martin pointed out that Amazon&#8217;s eCommerce business is very adaptable to meeting customer needs and is committed to constantly shortening delivery speeds with its &#8220;enormous&#8221; logistics network, but the company realizes significant costs in maintaining same-day delivery.
She attributed the higher costs to fewer items getting sent in a single box, running empty delivery trucks and requiring more gas and trips to pull off the same-day delivery.
&#8220;We believe the financials support the view that AMZN uses its eCommerce business as a loss-leader,&#8221; she said.
&#8220;This notion was supported by several experts who mentioned that AMZN&#8217;s retail strategy has historically centered around maintaining low margins for both 1P and 3P eCommerce business, and then adding higher-margin revenue streams such as Prime subscriptions and advertising, in order to improve profit margins.&#8221;
AMZN Price Action: Amazon gained 0.18% to $184.86 Thursday at publication.
Exchange traded funds that hold the stock mostly trended upwards on Thursday.
<ul>
<li>ProShares Online Retail ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONLN#NYSE">ONLN</a>) rose 0.12%</li>
<li>Fidelity MSCI Consumer Discretionary Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDIS#NYSE">FDIS</a>) went up 0.16%</li>
<li>Vanguard Consumer Discretionary ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VCR#NYSE">VCR</a>) gained 0.28%</li>
<li>Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) edged up 0.24%</li>
<li>ProShares Long Online/Short Stores ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLIX#NYSE">CLIX</a>) slipped 0.38%</li>
</ul>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/24/01/36488214/jeff-bezos-encouraged-his-brother-and-sister-to-invest-10-000-in-amazon-their-stake-grew-10-249-900">Jeff Bezos Encouraged His Brother And Sister To Invest $10,000 In Amazon — Their Stake Grew 10,249,900% And Now Potentially Is Worth Over $1 Billion</a></li>
</ul>
Photo: Shutterstock

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Select Sector SPDR-Consumer Discretionary

Amazon E-Commerce Is A 'Loss-Leader' … Its Real Money Is In 'Services,' Says Analyst

Universe Pharmaceuticals Shares Halted On Circuit Breaker To The Downside, Stock Now Down -34.2%

Exxon Baton Rouge Louisiana Refinery Increasing Production Following Storm

eBay's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NYSE">EBAY</a>) short percent of float has risen 20.4% since its last report. The company recently reported that it has 30.63 million shares sold short, which is 7.14% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.76 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>eBay Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726159521_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for eBay 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 eBay'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>, eBay's peer group average for short interest as a percentage of float is 9.24%, 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

EBAY

Peering Into eBay's Recent Short Interest

Cirrus Logic's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NYSE">CRUS</a>) short percent of float has risen 10.03% since its last report. The company recently reported that it has 1.18 million shares sold short, which is 3.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 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>Cirrus Logic Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726159516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cirrus Logic 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 Cirrus Logic'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>, Cirrus Logic's peer group average for short interest as a percentage of float is 4.10%, 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.

CRUS

Looking Into Cirrus Logic's Recent Short Interest

Northrop Grumman Exec Says Working With Air Force On Some Modification To Reduce Cost On Sentinel Program

Coupang's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>) short percent of float has fallen 20.0% since its last report. The company recently reported that it has 17.56 million shares sold short, which is 1.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.22 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>Coupang Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726159511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Coupang 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 Coupang'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>, Coupang's peer group average for short interest as a percentage of float is 9.46%, 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.

CPNG

How Is The Market Feeling About Coupang?

JP Morgan analyst Zach Parham maintains Vital Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTLE#NYSE">VTLE</a>) with a Underweight and lowers the price target from $45 to $31.

VTLE

JP Morgan Maintains Underweight on Vital Energy, Lowers Price Target to $31

Watching Shares Of CSX; Company Speaking At 12th Annual Morgan Stanley Laguna Conference

JP Morgan analyst Arun Jayaram maintains Vermilion Energy (TSX:<a class="ticker" href="https://www.benzinga.com/stock/VET#TSX">VET</a>) with a Overweight and lowers the price target from C$18 to C$15.

TSX:VET

JP Morgan Maintains Overweight on Vermilion Energy, Lowers Price Target to C$15

Designed to provide broad exposure to the Financials - Broad segment of the equity market, the Invesco S&amp;P 500 Equal Weight Financials ETF (ARCA:RSPF) is a passively managed exchange traded fund launched on 11/01/2006.
Passively managed ETFs are becoming increasingly popular with institutional as well as retail investors due to their low cost, transparency, flexibility and tax efficiency. They are excellent vehicles for long term investors.
Sector ETFs are also funds of convenience, offering many ways to gain low risk and diversified exposure to a broad group of companies in particular sectors. Financials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 2, placing it in top 13%.
<h2>Index Details</h2>
The fund is sponsored by Invesco. It has amassed assets over $271.83 million, making it one of the average sized ETFs attempting to match the performance of the Financials - Broad segment of the equity market. RSPF seeks to match the performance of the S&amp;P 500 EQUAL WEIGHT FINANCIALS INDEX before fees and expenses.
The S&amp;P 500 Equal Weight Financials Index equally weights stocks in the financial sector of the S&amp;P 500 Index.
<h2>Costs</h2>
Expense ratios are an important factor in the return of an ETF and in the long term, cheaper funds can significantly outperform their more expensive counterparts, other things remaining the same.
Annual operating expenses for this ETF are 0.40%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.41%.
<h2>Sector Exposure and Top Holdings</h2>
ETFs offer a diversified exposure and thus minimize single stock risk but it is still important to delve into a fund&#39;s holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Financials sector--about 100% of the portfolio.
Looking at individual holdings, Cboe Global Markets Inc (BATS: <a class="ticker" href="https://www.benzinga.com/stock/cboe#BATS">CBOE</a>) accounts for about 1.60% of total assets, followed by Truist Financial Corp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tfc#NYSE">TFC</a>) and Globe Life Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gl#NYSE">GL</a>).
The top 10 holdings account for about 15.42% of total assets under management.
<h2>Performance and Risk</h2>
So far this year, RSPF has gained about 14.40%, and is up about 29.31% in the last one year (as of 09/12/2024). During this past 52-week period, the fund has traded between $48.10 and $68.77.
The ETF has a beta of 1.05 and standard deviation of 13.82% for the trailing three-year period. With about 72 holdings, it effectively diversifies company-specific risk.
<h2>Alternatives</h2>
Invesco S&amp;P 500 Equal Weight Financials ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, RSPF is a great option for investors seeking exposure to the Financials ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
Vanguard Financials ETF (ARCA:VFH) tracks MSCI US Investable Market Financials 25/50 Index and the Financial Select Sector SPDR ETF (ARCA:XLF) tracks Financial Select Sector Index. Vanguard Financials ETF has $9.80 billion in assets, Financial Select Sector SPDR ETF has $43.50 billion. VFH has an expense ratio of 0.10% and XLF charges 0.09%.
<a href="https://www.zacks.com/stock/news/2335011/should-you-invest-in-the-invesco-s-p-500-equal-weight-financials-etf-rspf?cid=CS-BENZ-FT-sector_etf-2335011">To read this article on Zacks.com click here.</a>

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Should You Invest in the Invesco S&P 500 Equal Weight Financials ETF?

WIIM

GOLD

PAAS

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the US dollar following recent inflation data.

Growth Capital Investor Daniel Batten enumerated 19 lesser-known benefits of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), emphasizing its humanitarian, energy, environmental <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40835368/bitcoin-will-hit-125k-if-donald-trump-wins-75k-in-case-of-a-kamala-harris-victory-standard">and democratic impacts</a>.
What Happened: Batten <a href="https://x.com/DSBatten/status/1833875802326175939">posted</a> a comprehensive list of Bitcoin&#8217;s benefits, emphasizing that these benefits are not hypothetical but are currently impacting an exponentially growing number of people.
Among the humanitarian benefits, Batten highlighted Bitcoin&#8217;s role in aiding war refugees, providing a safe store of value in autocratic nations and offering financial equity to women in nations practicing state-level discrimination against women.
He also underscored Bitcoin&#8217;s potential in ending energy poverty and creating energy security, particularly in African villages and nation states like Bhutan and Ethiopia.
From an environmental perspective, Batten pointed out Bitcoin&#8217;s role in reducing emissions, accelerating the renewable transition and rescuing national parks.
Lastly, he emphasized Bitcoin&#8217;s benefits to liberal democracies, including its use as an international, borderless currency that governments cannot surveil or freeze.
<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/24/09/40832925/anthony-scaramucci-says-digital-assets-nowhere-near-their-peak-urges-embracing-volatility-">Anthony Scaramucci Says Digital Assets Nowhere &#8216;Near Their Peak,&#8217; Urges Embracing Volatility In Crypto</a>
Why It Matters: Batten&#8217;s tweet comes at a time when cryptocurrencies, particularly Bitcoin, are under scrutiny for their environmental impact and regulatory concerns. However, his detailed list provides a fresh perspective on the multifaceted benefits of Bitcoin, extending beyond its conventional use as a digital currency.
His emphasis on the humanitarian and democratic benefits of Bitcoin underscores its potential in fostering financial inclusion and freedom, particularly in autocratic nations and regions experiencing economic instability.
The environmental and energy benefits highlighted by Batten also counter the narrative of Bitcoin&#8217;s high energy consumption, suggesting that it could potentially contribute to sustainable development and energy security.
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/24/09/40818582/gold-bull-peter-schiff-claims-bitcoin-lacks-intrinsic-value-and-is-destined-to-fail">&#8216;Gold Bull&#8217; Peter Schiff Claims Bitcoin &#8216;Lacks Intrinsic Value And Is Destined To Fail&#8217;</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

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

Cryptocurrency

$BTC

19 Little-Known Benefits Of Bitcoin: From Reducing Emissions To Rescuing National Parks

Investors with significant funds have taken a bearish position in 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in MMM usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 23 options transactions for 3M. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 39% being bullish and 52% bearish. Of all the options we discovered, 22 are puts, valued at $1,115,576, and there was a single call, worth $39,884.
<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 $125.0 to $140.0 for 3M during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for 3M'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 3M's whale activity within a strike price range from $125.0 to $140.0 in the last 30 days. 
<h3>3M Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726159104_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.28</td>
<td>$1.21</td>
<td>$1.23</td>
<td>$125.00</td>
<td>$113.2K</td>
<td>2.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$0.65</td>
<td>$0.54</td>
<td>$0.55</td>
<td>$126.00</td>
<td>$101.7K</td>
<td>24</td>
<td>1.8K</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$11.55</td>
<td>$10.7</td>
<td>$11.54</td>
<td>$140.00</td>
<td>$63.5K</td>
<td>284</td>
<td>55</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$8.3</td>
<td>$8.2</td>
<td>$8.22</td>
<td>$135.00</td>
<td>$63.2K</td>
<td>777</td>
<td>897</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$8.3</td>
<td>$8.2</td>
<td>$8.22</td>
<td>$135.00</td>
<td>$63.1K</td>
<td>777</td>
<td>974</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
Following our analysis of the options activities associated with 3M, we pivot to a closer look at the company's own performance.
<h3>Where Is 3M Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,785,969, the MMM's price is up by 0.54%, now at $130.94. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 40 days.</li>
</ul>
<h3>Professional Analyst Ratings for 3M</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $125.0.
<ul>
<li>An analyst from Morgan Stanley has revised its rating downward to Underweight, adjusting the price target to $125. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for 3M, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

3M Options Trading: A Deep Dive into Market Sentiment

Deep-pocketed investors have adopted a bearish approach towards Dollar Gen (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</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 DG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for Dollar Gen. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 31% leaning bullish and 56% bearish. Among these notable options, 4 are puts, totaling $142,112, and 12 are calls, amounting to $608,108.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $115.0 for Dollar Gen over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</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 Dollar Gen'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 Dollar Gen's whale trades within a strike price range from $40.0 to $115.0 in the last 30 days. 
<h3>Dollar Gen Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726159099_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.17</td>
<td>$2.15</td>
<td>$2.17</td>
<td>$100.00</td>
<td>$153.6K</td>
<td>2.5K</td>
<td>709</td>
</tr>
<tr>
<td>DG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$3.75</td>
<td>$3.6</td>
<td>$3.65</td>
<td>$85.00</td>
<td>$109.5K</td>
<td>1.0K</td>
<td>308</td>
</tr>
<tr>
<td>DG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.2</td>
<td>$6.05</td>
<td>$6.1</td>
<td>$85.00</td>
<td>$60.3K</td>
<td>959</td>
<td>99</td>
</tr>
<tr>
<td>DG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$44.8</td>
<td>$43.8</td>
<td>$43.8</td>
<td>$40.00</td>
<td>$43.8K</td>
<td>54</td>
<td>0</td>
</tr>
<tr>
<td>DG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$0.82</td>
<td>$0.8</td>
<td>$0.82</td>
<td>$83.00</td>
<td>$41.8K</td>
<td>545</td>
<td>3.1K</td>
</tr>
</tbody>
</table>

<h3>About Dollar Gen</h3>
With more than 20,000 locations, Dollar General's banner is nearly ubiquitous across the rural United States. Dollar General serves as a convenient shopping destination for fill-in store trips, with its value proposition most relevant to consumers in small communities with a dearth of shopping options. The retailer operates a frugal store of about 7,500 square feet and primarily offers an assortment of branded and private-label consumable items (80% of net sales) such as paper and cleaning products, packaged and perishable food, tobacco, and health and beauty items at low prices. Dollar General also offers a limited assortment of seasonal merchandise, home products, and apparel. The firm sells most items at a price point of $10 or less.
In light of the recent options history for Dollar Gen, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Dollar Gen Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 2,002,248, with DG's price up by 3.56%, positioned at $83.44.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 84 days.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Dollar Gen, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at Dollar Gen's Options Market Dynamics

Whales with a lot of money to spend have taken a noticeably bullish stance on Uber Technologies.
Looking at options history for Uber Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 53% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 10 are puts, for a total amount of $443,006 and 3, calls, for a total amount of $215,849.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $78.0 for Uber Technologies over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Uber Technologies'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 Uber Technologies's whale activity within a strike price range from $30.0 to $78.0 in the last 30 days. 
<h3>Uber Technologies Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726159094_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UBER</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$12.65</td>
<td>$12.55</td>
<td>$12.65</td>
<td>$65.00</td>
<td>$140.4K</td>
<td>7.1K</td>
<td>111</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.32</td>
<td>$2.26</td>
<td>$2.27</td>
<td>$60.00</td>
<td>$109.5K</td>
<td>13.8K</td>
<td>1.2K</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$0.62</td>
<td>$0.49</td>
<td>$0.51</td>
<td>$69.00</td>
<td>$59.7K</td>
<td>2.7K</td>
<td>1.5K</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.28</td>
<td>$2.26</td>
<td>$2.27</td>
<td>$60.00</td>
<td>$46.1K</td>
<td>13.8K</td>
<td>406</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/13/24</td>
<td>$0.4</td>
<td>$0.36</td>
<td>$0.36</td>
<td>$68.00</td>
<td>$45.1K</td>
<td>2.0K</td>
<td>2.0K</td>
</tr>
</tbody>
</table>

<h3>About Uber Technologies</h3>
Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.
After a thorough review of the options trading surrounding Uber Technologies, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Uber Technologies's Current Market Status</h3>
<ul>
<li>With a trading volume of 6,119,618, the price of UBER is down by -0.29%, reaching $69.91.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 54 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Uber Technologies</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $87.5.
<ul>
<li>Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Uber Technologies, targeting a price of $88. </li>
<li>An analyst from Loop Capital has decided to maintain their Buy rating on Uber Technologies, which currently sits at a price target of $84. </li>
<li>An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $90. </li>
<li>Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on Uber Technologies with a target price of $88. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Uber Technologies, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

UBER

Uber Technologies's Options Frenzy: What You Need to Know

Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) will release earnings results for its third quarter, after the <a href="https://www.benzinga.com/quote/ADBE/earnings">closing bell on Thursday, Sept. 12.</a>
Analysts expect the San Jose, California-based company to report quarterly earnings at $4.53 per share, up from $4.09 per share in the year-ago period. Adobe is projected to post revenue of $5.37 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
On Wednesday, Adobe unveiled its advancements in generative AI video capabilities powered by the Adobe Firefly Video Model. Notably, Firefly has already generated over 12 billion images globally.
Adobe shares rose 1% to close at $580.38 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TCOM/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/597b3ef9c1f5580001ef5278/brian-schwartz">Oppenheimer analyst Brian Schwartz</a> reiterated an Outperform rating and raised the price target from $580 to $625 on Sept. 4. This analyst has an accuracy rate of 73%.</li>
<li>Barclays analyst Saket Kalia maintained an Overweight rating and boosted the price target from $650 to $675 on Sept. 4. This analyst has an accuracy rate of 75%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4055351b9b00018beeab/brent-bracelin">Piper Sandler analyst Brent Bracelin</a> maintained an Overweight rating and slashed the price target from $700 to $635 on July 12. This analyst has an accuracy rate of 72%.</li>
<li>Bernstein analyst Mark Moerdler maintained an Outperform rating and raised the price target from $653 to $660 on June 17. This analyst has an accuracy rate of 70%.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59231c3b290fa700016cbd23/karl-keirstead">UBS analyst Karl Keirstead</a> maintained a Neutral rating and raised the price target from $540 to $600 on June 14. This analyst has an accuracy rate of 76%.</li>
</ul>
Considering buying ADBE stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12025730/image-94-1024x526.png" alt="" class="wp-image-543761" style="width:617px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12025730/image-94-1024x526.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12025730/image-94-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12025730/image-94-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/12025730/image-94.png 1310w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<a href="https://www.benzinga.com/top-stories/24/09/40813043/jim-cramer-not-the-time-to-own-oil-when-asked-about-exxon-mobil-says-ibm-is-performing-well">Jim Cramer: &#8216;Not The Time To Own Oil,&#8217; When Asked About Exxon Mobil; Says IBM Is &#8216;Performing Well&#8217;</a>

Earnings

ADBE

Adobe Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) shares are trading lower Thursday after Raymond James lowered its price target on the <a href="https://www.benzinga.com/news/earnings/24/09/40828733/nasdaq-s-p-500-set-for-modest-gains-as-investors-eye-august-inflation-data-and-ecb-rate-decision">stock from $160 to $125.</a>
What To Know:
Micron's stock has shed more than $70 billion in market value since June as stocks in the semiconductor sector struggled amid Nvidia's second-quarter results, a short report on SMCI, speculation surrounding a possible AI "bubble" and other factors.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/large-cap/24/09/40820349/nvidia-ceo-jensen-huang-admits-its-tense-as-surging-demand-for-blackwell-chips-sparks-customer-fru">Nvidia CEO Jensen Huang Admits &#8216;It&#8217;s Tense&#8217; As Surging Demand For Blackwell Chips Sparks Customer Frustration</a>
However, some investors remain optimistic on Micron, including CNBC host Jim Cramer, who recommended buying the stock at the $98 or $99 per share mark.&nbsp;
Also, B of A Securities analyst Vivek Arya named Micron an attractive tech stock at its current price point. The <a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40835602/jim-cramer-sees-opportunity-in-micron-stock-as-death-cross-earnings-approach">analyst argued</a> recent declines in the semiconductor sector are temporarily driven by external factors rather than any weakness in Micron&#8217;s core business.
Micron is set to report its fourth-quarter and fiscal-year financial results after the market close on Sept. 25. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, analysts expect the company to report earnings of $1.15 per share and revenue of $7.667 billion for the quarter.&nbsp;
<h3 class="wp-block-heading">Will MU Stock Go Up?</h3>
When trying to assess whether or not Micron Technology will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $169.12 on Micron Technology. The Street high target is currently at $225 and the Street low target is $125. Of all the analysts covering Micron Technology, 24 have positive ratings, one has neutral ratings and no one has negative ratings.
In the last month, 3 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/MU/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Micron Technology have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Micron Technology is 4.81% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Micron Technology, visit <a href="https://www.benzinga.com/quote/MU">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
MU Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Micron Technology shares are down 4.61% at $86.49 at the time of publication Thursday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40818948/whats-going-on-with-first-solar-stock">What&#8217;s Going On With First Solar Stock?</a></li>
</ul>
Image: Unsplash

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