Land Secs Gr (OTC:LDSCY) Stock, Quote.Headers.trade-ideas

Land Secs Gr

Land Securities Group PLC is a real estate investment trust engaged in buying, selling, developing, and managing commercial property in the United Kingdom. The company's real estate portfolio is made up of office, retail, and leisure spaces in the London and Greater London regions. Office locations in London's West End, offices in the City of London, and shopping centers comprise the majority of the value of Land Securities' total assets. The company derives nearly all of its revenue in the form of rental income from medium- to long-term leases with tenants. Land Securities' overall net rental income is fairly evenly split between revenue from its London office properties and its retail properties in Greater London.

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ABMD

ACGBY

ACRS

ADMP

ALTM

AMGDF

AMVMF

ANCN

ARGGY

ASDZF

Alterity Therapeutics Limited - American Depositary Shares

ATHE

ATRA

AVPMF

BACHY

BCEL

BELFB

BHRB

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BLMN

CAKE

CANN

CAPSTONE TECHNOLOGIES by Capstone Technologies Group, Inc.

CATG

CBBI

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CEIX

CFWFF

CHNG

CKHUY

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CLVS

CNVT

CPYYF

CPYYY

China Shenhua Energy Unsponsored representing A shares

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CTRA

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IGGGF

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ISBG

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JFEEF

JSAIY

JSEJF

LEAFBUYER TECHNOLOGIES by Leafbuyer Technologies, Inc.

LBUY

LDSCY

LEAF

AMERICAN LITHIUM CORP ORD by American Lithium Corp.

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Stocks that Reached Yearly Lows Thursday Morning

LAND SECS GRP UNSP/ADR by Land Securities Group Plc.

Land Securities Group PLC

General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) CEO Mary Barra on Sunday reiterated the company&#8217;s aim to sell <a href="https://www.benzinga.com/news/24/09/40975105/general-motors-to-lay-off-about-1700-employees-ahead-of-chevrolet-malibu-phase-out-and-re-tooling-fo">only electric light-duty vehicles</a> by 2035 despite slowing demand for EVs. 
What Happened: &#8220;Our workforce is quite young. Most of our technical talent has been with the company for less than five years and so I would say about 40%. They are joining because they want to be a part of a company that is going to change and lead in the move to electric vehicles,&#8221; Barra said in an <a href="https://www.youtube.com/watch?v=1_qAM1e0E9k">interview</a> with CBS News.
Talking about the ongoing slowdown in EV demand, Barra said, &#8220;I don&#8217;t think we ever thought it was going to be linear.&#8221;
Why It Matters: In the second quarter, GM <a href="https://www.benzinga.com/news/24/07/39612749/60-000-cadillac-lyriq-drives-gms-q2-ev-sales-after-bolt-is-discontinued">sold only 21,930 EVs</a> in the U.S. despite having seven EV models in its lineup. Ford, meanwhile, sold 21,930 units of<a href="https://www.benzinga.com/news/24/07/39630731/mustang-mach-e-drives-fords-q2-ev-sales-ahead-of-gm-but-its-still-just-a-fraction-of-elon-musks-tesl"> just three EV models</a>. 
EV giant Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) sold 164,264 EVs in the period, according to Kelley Blue Book estimates, with the Model Y alone accounting for 101,301 sales. 
Despite having a higher number of EVs in its lineup than even Tesla, GM is looking to add more, including the all-electric Cadillac Escalade IQ starting at around $130,000. The company is also planning to start the production of its next-generation Chevrolet Bolt EV next year. 
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40975105/general-motors-to-lay-off-about-1700-employees-ahead-of-chevrolet-malibu-phase-out-and-re-tooling-fo">General Motors To Lay Off About 1700 Employees Ahead Of Chevrolet Malibu Phase-Out And Re-Tooling For EV Production</a></li>
</ul>
Photo by Fortune Live Media on Flickr

Tech

TSLA

GM CEO Mary Barra Reiterates Goal Of Selling Only Electric Light-Duty Vehicles By 2035 Despite EV Demand Slowdown, Says Never Expected It To Be 'Linear'

Cantor Fitzgerald analyst Louise Chen reiterates Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) with a Overweight and maintains $215 price target.

Price Target

Reiteration

Analyst Ratings

Cantor Fitzgerald Reiterates Overweight on Johnson & Johnson, Maintains $215 Price Target

WIIM

ELAB

Elevai Labs shares are trading lower after the company announced the pricing of an $8.0 million public offering.

Vroom shares are trading higher after the company released its long-term strategic plan.

Elevai Labs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>)&nbsp;("Elevai" or the "Company"), a pioneering force in medical aesthetics, today announced that it has priced a public offering with gross proceeds to the Company expected to be approximately $8.0 million, before deducting placement agent fees and other estimated expenses payable by the Company. The offering is a best-efforts offering, with no minimum amount of securities required to be sold. &nbsp;
The offering is comprised of 28,571,425 shares of the Company's common stock (or pre-funded warrants in lieu of shares of common stock). Each share of common stock or pre-funded warrant will be sold with one Series A Warrant to purchase one share of common stock at an exercise price of $0.38 per share (the "Series A Warrants") and one Series B Warrant to purchase one share of common stock at an exercise price of $0.38 per share or, pursuant to an alternative cashless exercise option, three shares of common stock (the "Series B Warrants" and, together with the Series A Warrants, the "Warrants").&nbsp;The Series A Warrants will be exercisable beginning on the date of completion of the requisite waiting period following the filing of the Information Statement related to the approval by the stockholders of the Company (the "Initial Exercise Date" or "Effective Shareholder Approval Date") of the issuance of shares upon exercise of the Warrants, among other things (the "Shareholder Approval"). The Series B Warrants will be exercisable beginning on the Effective Shareholder Approval Date. The Series A Warrants will expire on the five-year anniversary of the Initial Exercise Date and the Series B Warrants will expire on the two and one-half-year anniversary of the Initial Exercise Date.
The purchase price of each share of common stock and accompanying Warrants is $0.28, and the purchase price of each pre-funded warrant and accompanying Warrants will be equal to such price minus $0.0001.
The Company intends to use the net proceeds from this offering for general corporate purposes, including working capital and investments. This offering is expected to close on or about September 24, 2024, subject to satisfaction of customary closing conditions.
Univest Securities, LLC&nbsp;is acting as sole placement agent for the offering.

Offerings

Elevai Labs Inc. Announces Pricing Of $8M Public Offering Of 28,571,425 Shares Of Common Stock (Or Pre-Funded Warrants In Lieu Of Shares Of Common Stock). Each Share Of Common Stock Or Pre-Funded Warrant Will Be Sold With One Series A Warrant To Purchase One Share Of Common Stock At An Exercise Price Of $0.38/Share

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

VERA

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

Raymond James analyst Brian Gesuale downgrades Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) from Outperform to Market Perform.

Downgrades

PLTR

Raymond James Downgrades Palantir Technologies to Market Perform

Consumers are turning more frequently to their 401(k) accounts to pay down <a href="https://www.benzinga.com/insights/news/24/09/40960923/heres-how-much-you-would-have-made-owning-mastercard-stock-in-the-last-10-years">their credit cards</a> as they face higher prices for essentials such as food, gas and electricity, according to a financial planner.
Total credit-card debt in the U.S. reached $1.34 trillion as of June, Federal Reserve data <a href="https://www.federalreserve.gov/releases/g19/20240909/">showed</a>. In May, credit card balances for consumers between 43 and 58 years old <a href="https://www.benzinga.com/general/education/24/05/39059618/this-generation-has-more-credit-card-debt-than-millennials-and-gen-z-5-tips-on-how-to-crawl-out">averaged $9,123</a>.
&#8220;People are facing rising prices and while the rate of inflation has decreased, there is still inflation,&#8221; said Bobbi Rebell, a certified financial planner and finance expert at CardRates.com.
&#8220;Therefore, prices are still high, even though they're not going up as quickly. Life is expensive! People are struggling because they're paying more for everyday expenses like groceries.&#8221;
Read Also: <a href="https://www.benzinga.com/news/24/07/39827834/why-capital-one-stock-is-climbing">Why Capital One Stock Is Climbing</a>
Turning to 401(k)s to pay those balances has also risen because the government has made it easier to access some money from a 401(k) without penalties, she said.
&#8220;Also, that's where the money is! Because many employers have auto enrollment and employees must opt out, people have more money in their 401(k) account,&#8221; she said.
&#8220;At least with a 401(k) you are paying yourself interest and the rate is usually more affordable than the interest rate of a credit card.&#8221;
Major drawbacks to using a 401(k) to pay down credit cards is that consumers must pay back what they take out before leaving the job that gave them the 401(k). They are also using funds that are meant to be spent in retirement, she said.
&#8220;You are borrowing money from your future.&#8221;
Price Action: Credit card companies fell slightly on Friday.
<ul>
<li>Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) slipped 0.16% to $284.77.</li>
<li>Mastercard Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>) dropped 0.05% to $493.30.</li>
<li>Discover Financial Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DFS#NYSE">DFS</a>) fell 0.99% to $142.49</li>
<li>Capital One Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) declined 0.52% to $152.25.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39847159/analyst-expects-discover-financial-to-further-narrow-fy24-guidance-this-year-detail">Analyst Expects Discover Financial To Further Narrow FY24 Guidance This Year: Detail</a></li>
</ul>
Photo: Shutterstock

Government

Education

Federal Reserve

Consumers Turn To 401(k)s To Pay Down Credit Cards: 'Life Is Expensive'

Raymond James analyst Patrick O'Shaughnessy downgrades Moodys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCO#NYSE">MCO</a>) from Market Perform to Underperform.

Raymond James Downgrades Moodys to Underperform

Events

COHR

Coherent To Demonstrate 1.6T-DR8 And 800G-DR4 Transceivers At ECOC 2024

JP Morgan analyst Joseph Giordano downgrades Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) from Overweight to Neutral and raises the price target from $104 to $109.

Fomento Economico Mexicano S.A.B. De C.V.

JP Morgan Downgrades Fomento Economico to Neutral, Raises Price Target to $109

Raymond James analyst Patrick O'Shaughnessy downgrades S&amp;P Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) from Outperform to Market Perform.

SPGI

Raymond James Downgrades S&P Global to Market Perform

SSTI

SoundThinking Launches Next Generation SafePointe Weapons Detection System With AI-Driven Software And Advanced Hardware For Enhanced Threat Detection In High-Traffic Areas

Vroom Releases Long-Term Strategic Plan Focused On Profitability Following Discontinuation Of Ecommerce Operations And Used Vehicle Dealership

Piper Sandler analyst John Barnidge reiterates Voya Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOYA#NYSE">VOYA</a>) with a Overweight and maintains $84 price target.

VOYA

Piper Sandler Reiterates Overweight on Voya Financial, Maintains $84 Price Target

Trio-Tech Intl (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TRT#AMEX">TRT</a>) reported quarterly earnings of $0.06 per share. This is a 50 percent increase over earnings of $0.04 per share from the same period last year. The company reported $9.75 million in sales this quarter. This is a 7.35 percent increase over sales of $9.08 million the same period last year.

Earnings

Trio-Tech Intl Q4 EPS $0.06 Up From $0.04 YoY, Sales $9.75M Up From $9.08M YoY

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said Dominion Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/D#NYSE">D</a>) is a buy. &#8220;We need <a href="https://www.benzinga.com/quote/D/analyst-ratings">cheap power,&#8221; he noted.</a>
On Sept. 19, Jefferies analyst Paul Zimbardo initiated coverage on Dominion Energy with a Hold rating and announced a price target of $58.
Cramer said he likes Dutch Bros Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BROS#NYSE">BROS</a>). &#8220;I&#8217;m glad that they slowed their expansion,&#8221; he added.
On Sept. 12, TD Cowen analyst Andrew Charles reiterated Dutch Bros with a Buy and maintained a $47 price target.
When asked about Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), he said, &#8220;I need to see the financials filed.&#8221;
On Sept. 20, Super Micro Computer announced the receipt of non-compliance letter from the Nasdaq.
LyondellBasell Industries N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>) is not a stock that he is recommending, Cramer said.
On Sept. 13, JPMorgan analyst Jeffrey Zekauskas maintained LyondellBasell Industries with an Overweight rating and lowered the price target from $113 to $110.
On Aug. 2, LyondellBasell reported&nbsp;second-quarter&nbsp;fiscal 2024 revenues of&nbsp;$10.55 billion, up from&nbsp;$10.306 billion&nbsp;a year ago,&nbsp;<a href="https://www.benzinga.com/pressreleases/24/08/n40125912/lyondellbasell-reports-second-quarter-2024-earnings">beating the consensus of&nbsp;$10.44 billion.</a> Adjusted EBITDA stood at&nbsp;$1.37 billion&nbsp;(-5.3%&nbsp;Y/Y), and the margin contracted by 107 bps to&nbsp;13%. Adjusted EPS stood at&nbsp;$2.24,&nbsp;<a href="https://www.benzinga.com/earnings">beating the consensus of&nbsp;$2.23.</a>
Price Action:
<ul>
<li>Dominion Energy shares gained 0.8% to settle at $57.93 on Friday.</li>
<li>Dutch Bros shares gained 0.2% to close at $34.92 during the session.</li>
<li>Super Micro Computer shares gained 4.6% to close at $457.27 during Friday's session.</li>
<li>LyondellBasell shares fell 2.1% to settle at $94.04 on Friday.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/09/40962695/jim-cramer-viking-has-many-ships-coming-in"> Jim Cramer: Viking Has &#8216;Many Ships Coming In&#8217;</a></li>
</ul>

Long Ideas

Media

BROS

SMCI

Jim Cramer Says This Utilities Stock Is A Buy: 'We Need Cheap Power'

NAOV

NanoVibronix Signs Letter of Intent With Medici Medical To Explore Opportunities For The Distribution Of Its UroShield Device In Israel

Cantor Fitzgerald analyst Prakhar Agrawal reiterates ORIC Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORIC#NASDAQ">ORIC</a>) with a Overweight.

ORIC

Cantor Fitzgerald Reiterates Overweight on ORIC Pharmaceuticals

MKFG

Markforged Settles IP Litigation With Continuous Composites, Agrees To Pay $18M Upfront With Additional Payments Through 2027, Resolving All Claims

Land Securities Group Plc (LSGOF) Q2 2023 Earnings Call Transcript

Land Securities Group Plc 2023 Q2 - Results - Earnings Call Presentation

Land Securities Group Plc goes ex dividend tomorrow

Land Securities Group Plc (LSGOF) Q4 2024 Earnings Call Transcript

In a report released today, Paul May from Barclays maintained a Buy rating on Land Securities Group plc REIT (LAND – Research Report). The company'...

Barclays Remains a Buy on Land Securities Group plc REIT (LAND)

British Land: Improving Outlook Is Not Reflected In Its Valuation

Land Securities Group Plc goes ex dividend today

Jefferies analyst Mike Prew maintained a Sell rating on Land Securities Group plc REIT (LAND – Research Report) on September 13 and set a price tar...

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Land Secs Gr

Land Secs Gr (LDSCY) Forecast

Land Secs Gr (OTC:LDSCY) Stock, Quote.Headers.trade-ideas