Liquid Holdings Group (OTC:LIQDQ) Stock, Quote.Headers.trade-ideas

Liquid Holdings Group Inc is a provider of proprietary cloud-based trading and portfolio management solutions. The company's solutions integrate order and execute management with real-time risk management, reporting, shadow accounting and managed services on a platform for the financial services community. Its platform offers various features including A Single, Real-Time Consolidated Portfolio View, Real-Time Portfolio Risk Management and Scenario Analysis, Real-Time Shadow Accounting and Reporting Management, Fee Management, and Transaction Cost Analysis, Broker, Execution and Clearing Firm Agnostic, and Managed Services. It offers its services through direct sales force and through our strategic partner relationships.

LIQUID HOLDINGS GROUP INC by Liquid Holdings Group, Inc.

Liquid Holdings Group Inc

Piper Sandler analyst Michael Lavery maintains Hain Celestial Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAIN#NASDAQ">HAIN</a>) with a Neutral and maintains $8 price target.

News

Price Target

Analyst Ratings

HAIN

Piper Sandler Maintains Neutral on Hain Celestial Group, Maintains $8 Price Target

Trading Ideas

On CNBC, Kevin Simpson Announced Bought More International Business Machines

Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) shares are trading higher on Thursday. The company provided significant updates to its &#8220;Springboard&#8221; plan of adding more than $3 billion in annualized sales and shared its strategy to <a href="https://www.benzinga.com/pressreleases/24/09/b40936491/corning-provides-update-on-key-milestones-in-springboard-plan-to-add-more-than-3-billion-in-annual" target="_blank" rel="noreferrer noopener">achieve a 20% operating margin by the end of 2026</a>.
For the third quarter of 2024, the company continues to expect&nbsp;sales of $3.7 billion (vs. consensus of $3.71 billion) and EPS in the range of <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$0.50 &#8211; $0.54 (vs. consensus of $0.53)</a>.
Wendell P. Weeks, chairman and chief executive officer, said, &#8220;I&#8217;m very pleased with the progress we have made on our &#8216;Springboard&#8217; plan to add more than&nbsp;$3 billion&nbsp;in annualized sales by 2026. The plan leads to an improving return profile, with profits growing significantly faster than sales.&#8221;
Corning is implementing price increases in its display technologies and forecasts, delivering segment net income of $900 million to $950 million in 2025 while maintaining a net income margin of 25%.
Corning&#8217;s Optical Communications division is showing positive momentum, with Enterprise sales projected to increase by over 40% Y/Y in the third quarter, driven by strong adoption of its generative AI products.
The company is unveiling a new range of products designed to interconnect AI-enabled data centers.
This launch supports Lumen Technologies Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) network expansion and represents the first deployment of Corning&#8217;s next-generation AI fiber-and-cable system in outside plant environments.
In July, Corning reported a fiscal second-quarter 2024 core sales growth of 4% year-on-year to $3.60 billion, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/40041518/corning-stock-drops-after-q3-guidance-miss-ceo-highlights-new-optical-connectivity-products-for-gen" rel="noreferrer noopener">analyst consensus estimate of $3.55 billion</a>.&nbsp;
Investors can gain exposure to the stock via&nbsp;ProShares Smart Materials ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TINT#NYSE">TINT</a>) and Professionally Managed Portfolios Otter Creek Focus Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFS#NYSE">OCFS</a>).
Price Action: GLW shares are up 2.49% at $44.50 at the last check Thursday.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com//node/40942441" target="_blank" rel="noreferrer noopener">Stock Of The Day: Home Depot Agrees To Settlement, While Overbought Signals Warn Of Potential Sell-Off</a></li>
</ul>

Equities

Large Cap

Guidance

Movers

LUMN

Professionally Managed Portfolios Otter Creek Focus Strategy ETF

OCFS

TINT

Corning's Springboard Plan Set To Skyrocket Profits By 2026: AI And Price Hikes Drive Growth

Piper Sandler analyst Rob Owens maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Overweight and maintains $290 price target.

CRWD

Piper Sandler Maintains Overweight on CrowdStrike Holdings, Maintains $290 Price Target

<a href="https://animaldrugsatfda.fda.gov/adafda/app/search/public/document/downloadFoi/15865" title="https://animaldrugsatfda.fda.gov/adafda/app/search/public/document/downloadFoi/15865">https://animaldrugsatfda.fda.gov/adafda/app/search/public/document/downloadFoi/15865</a>

Biotech

General

ELAN

Elanco Animal Health Announces FDA Approval For Zenrelia, For The Control Of Pruritus Associated With Allergic Dermatitis And Control Of Atopic Dermatitis In Dogs At Least 12 Months Of Age

Most of us have heard the dictum &quot;the trend is your friend.&quot; And this is undeniably the key to success when it comes to short-term investing or trading. But it isn&#39;t easy to ensure the sustainability of a trend and profit from it.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our &quot;Recent Price Strength&quot; screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen:
<h2>Lands&#39; End</h2>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/le#NASDAQ">LE</a>) is one of them. Here are the key reasons why this stock is a solid choice for &quot;trend&quot; investing.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. LE is quite a good fit in this regard, gaining 18.5% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 5.3% over the past four weeks ensures that the trend is still in place for the stock of this clothing maker.
Moreover, LE is currently trading at 82.1% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in LE may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2338360/recent-price-trend-in-lands-end-le-is-your-friend-here-s-why?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2338360">To read this article on Zacks.com click here.</a>

Earnings

Small Cap

Markets

Recent Price Trend in Lands' End is Your Friend, Here's Why

On Wednesday, ICU Medical Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICUI#NASDAQ">ICUI</a>) subsidiary, Smiths Medical, initiated a recall of certain Bivona neonatal/pediatric and adult tracheostomy tubes.
The FDA classified the <a target="_blank" href="https://www.fda.gov/medical-devices/medical-device-recalls/tracheostomy-tube-recall-smiths-medical-removes-certain-bivona-neonatalpediatric-and-adult" rel="noreferrer noopener">recall</a> as the most serious type, which could cause severe injury or death.
Smiths Medical is recalling specific lots of Bivona Neonatal/Pediatric and Adult Tracheostomy tubes due to a manufacturing defect that may cause the securement flange of the device to tear.
Affected products include:
<ul>
<li>Bivona Aire-Cuf, TTS, Uncuffed, Mid-Range Neonatal/Pediatric Tracheostomy Tubes.</li>
<li>Bivona Aire-Cuf, TTS, Cuffless FlexTend, TTS FlexTend Adult Tracheostomy Tubes.</li>
</ul>
The use of affected products may cause serious adverse health consequences, including lack of proper ventilation, loss of a protected airway, and death.&nbsp;
There have been 35 reported injuries. There have been two reports of death.&nbsp;&nbsp;
Bivona neonatal/pediatric and adult&nbsp;tracheostomy&nbsp;tubes provide direct airway access for up to 29 days for a patient with a tracheostomy,&nbsp;a surgical procedure that creates an opening in the neck and into the windpipe (trachea) to help a person breathe.
Some tubes can be reprocessed and reused several times for a single patient.&nbsp;
The company said not to use the Bivona tracheostomy tubes from the affected lot numbers. They should be thrown away.&nbsp;
Price Action: At last check Thursday, ICUI stock was up 2.25% at $180.19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/40927367/zimmer-biomet-to-stop-selling-cpt-hip-implant-system-by-end-of-2024-due-to-high-fracture-risks" target="_blank" rel="noreferrer noopener">Zimmer Biomet To Stop Selling CPT Hip Implant System By End Of 2024 Due To High Fracture Risks</a>.</li>
</ul>

Health Care

ICUI

ICU Medical Recalls Certain Tracheostomy Tubes Due To Manufacturing Defects

B. Riley Securities analyst Craig Ellis reiterates Silvaco Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SVCO#NASDAQ">SVCO</a>) with a Buy and maintains $26 price target.

Reiteration

SVCO

B. Riley Securities Reiterates Buy on Silvaco Group, Maintains $26 Price Target

WIIM

TD Bank Group shares are trading higher. The company announced its CEO will retire on April 10, 2025.

The Federal Reserve&#8217;s decision to cut rates by a <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">hefty 0.5% on Wednesday</a> should be helpful to small- to medium-sized companies in the cloud computing space by making it easier for them to refinance debt, according to an analyst.
Piper Sandler analyst James Fisher pointed to five such firms in particular that may benefit the most, given their heavy debt loads: Bandwidth, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAND#NASDAQ">BAND</a>), DigitalOcean Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), Fastly, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>), RingCentral, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNG#NYSE">RNG</a>), and Five9, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVN#NASDAQ">FIVN</a>).
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">Investors Bet On 50-Basis-Point Rate Cut, Wall Street Analysts Urge Caution: &#8216;This Is A Low-Conviction Fed&#8217;</a>
&#8220;A few names in our coverage will need to refinance debt over the next few years,&#8221; he wrote in a note on Wednesday.
He noted Bandwidth has $250 million in debt coming due in March 2026 and DigitalOcean has $1.5 billion in debt maturing in December 2026. He also pointed out Fastly needs to pay up $347 million by March 2026 and RingCentral has $609 million in debt coming due in March 2026.
He said lower interest rates may better help these companies better assume the interest costs on their debt.
Price Action: These companies all saw gains into Thursday&#8217;s late-morning trading.
<ul>
<li>Bandwidth rose 1.61% to $17.64</li>
<li>Digital Ocean gained 2.38% to $41.75</li>
<li>Fastly picked up 2.98% to $7.25</li>
<li>RingCentral went up 2.04% to $30.70</li>
<li>Five9 went up 2% to $29.09</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40937291/bank-stocks-hit-inflection-point-after-feds-50-basis-point-cut-analyst-reveal-top-p">Bank Stocks Hit Inflection Point After Fed&#8217;s 50 Basis Point Cut, Analyst Reveals Top Picks</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Federal Reserve

Tech

BAND

DOCN

FIVN

FSLY

Fed Rate Cut Eases Debt Refinancing For Smaller Cloud Computing Firms: Analyst Flags 5 Stocks To Watch

B. Riley Securities analyst Mike Crawford maintains Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>) with a Buy and raises the price target from $8 to $12.

LUNR

B. Riley Securities Maintains Buy on Intuitive Machines, Raises Price Target to $12

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- &quot;buy low and sell high.&quot; Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by &quot;buying high and selling higher.&quot;
Who doesn&#39;t like betting on fast-moving trending stocks? But determining the right entry point isn&#39;t easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score, which pays close attention to trends in a stock&#39;s price or earnings, is pretty useful in identifying great momentum stocks, our &#39;Fast-Paced Momentum at a Bargain&#39; screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and Interface (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tile#NASDAQ">TILE</a>) is one of them. Here are the key reasons why this stock is a great candidate.
Investors&#39; growing interest in a stock is reflected in its recent price increase. A price change of 6.3% over the past four weeks positions the stock of this carpet tile company well in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. TILE meets this criterion too, as the stock gained 28.4% over the past 12 weeks.
Moreover, the momentum for TILE is fast paced, as the stock currently has a beta of 1.98. This indicates that the stock moves 98% higher than the market in either direction.
Given this price performance, it is no surprise that TILE has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped TILE earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That&#39;s because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up.
Most importantly, despite possessing fast-paced momentum features, TILE is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. TILE is currently trading at 0.86 times its sales. In other words, investors need to pay only 86 cents for each dollar of sales.
So, TILE appears to have plenty of room to run, and that too at a fast pace.
<a href="https://www.zacks.com/stock/news/2338366/why-fast-paced-mover-interface-tile-is-a-great-choice-for-value-investors?cid=CS-BENZ-FT-tale_of_the_tape|fast_paced_momentum_at_a_bargain-2338366">To read this article on Zacks.com click here.</a>

TILE

Why Fast-Paced Mover Interface Is a Great Choice for Value Investors

On Thursday, Roche Holdings AG (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RHHBY#OTC">RHHBY</a>) released positive topline results of the phase 3 CENTERSTONE study of Xofluza (baloxavir marboxil), an antiviral that showed a reduction in the transmission of influenza viruses.
The <a target="_blank" href="https://www.roche.com/media/releases/med-cor-2024-09-19" rel="noreferrer noopener">study</a> met its primary endpoint, demonstrating that a single oral dose of Xofluza taken by people infected with influenza significantly reduced the likelihood of others in their household contracting the virus.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/09/40881407/back-to-back-fda-approvals-for-roches-two-under-the-skin-injections" rel="noreferrer noopener">Back-To-Back FDA Approvals For Roche&#8217;s Two Under-The-Skin Injections</a>.
Xofluza was well tolerated, and no new safety signals were identified.
CENTERSTONE is the first global phase 3 study to show a transmission reduction benefit with an antiviral used to treat a respiratory viral illness.
This new data may add to the benefits of Xofluza, which is currently approved for treating symptoms and preventing infection following virus exposure.
"Building on Xofluza's established efficacy in treating and preventing influenza after exposure, this new evidence of transmission reduction represents an important advance that could help improve health outcomes at an individual and community level," said Levi Garraway, M.D., Ph.D., Roche's Chief Medical Officer and Head of Global Product Development. "We look forward to discussing these data with regulatory authorities and public health organizations for influenza pandemic preparedness to bring these benefits to patients."
Influenza is one of the most common yet serious infectious diseases. Every year, seasonal influenza infects an estimated one billion people and causes millions of hospitalizations and up to 650,000 deaths globally.
Federal funds from the US Department of Health and Human Services, the Administration for Strategic Preparedness and Response, and the Biomedical Advanced Research and Development Authority have partially supported the CENTERSTONE study.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/09/40936160/factset-research-q4-earnings-revenue-and-profit-beat-adds-188-new-clients-margin-boost-and-more" target="_blank" rel="noreferrer noopener">FactSet Research Q4 Earnings: Revenue And Profit Beat, Adds 188 New Clients, Margin Boost And More</a>.</li>
</ul>

Eurozone

RHHBY

Roche's Antiviral Drug Reduces Transmission Of Influenza Viruses, Late-Stage Study Shows

A media company that Ex-President Donald Trump co-founded <a href="https://www.benzinga.com/news/24/09/40939390/trump-media-technology-group-stock-slides-as-lockup-expiration-looms-whats-going-on">passed its lockup expiration</a> on Thursday.
Shareholders of Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) from before the company went public, have been subject to a 180-day lockup agreement. They are now free to sell their shares that were part of the 180-day lockup.
Trump&#8217;s stake — 114,750,000 shares — has a $1.7 billion valuation as of Thursday.
If Trump sells his shares, he <a href="https://www.benzinga.com/general/politics/24/06/39417590/trump-could-cash-out-3-2b-stake-in-namesake-media-company-and-still-maintain-voting-control">will still maintain control </a>over the company thanks to a special voting class of shares. Trump is the only holder of the other class of stock created. He has 55% voting power of the company if he holds one of the higher class shares.
Trump <a href="https://www.benzinga.com/m-a/23/08/33878846/trump-to-maintain-control-of-media-company-if-he-sells-majority-goes-to-jail-or-becomes-president">can also retain control</a> of the company if he&#8217;s re-elected president or ends up in prison (he was found guilty of <a href="https://www.benzinga.com/general/politics/24/05/39100065/trump-found-guilty-on-all-34-counts-in-hush-money-criminal-trial-heres-what-happens-next">34 felony counts</a>), filings show.
During a California rally on Friday, an audience member asked whether Trump would sell his stake.
<a href="https://www.benzinga.com/general/social-media/24/09/40860859/trump-media-technology-shares-surge-former-president-says-hes-not-selling-or-leaving-truth-s">&#8220;No, I&#8217;m not selling</a>,&#8221; Trump responded. &#8220;No, I love it.&#8221;
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Trump Media &amp; Technology owns the Truth Social platform, a conservative-leaning alternative to Facebook and Twitter, now X.com. 
Trump oversaw the platform&#8217;s launch <a href="https://www.benzinga.com/news/21/01/19087281/twitter-permanently-bans-president-donald-trump-citing-risk-of-further-incitement-of-violence">after his suspension</a> from several major social networks following the Jan. 6 <a href="https://www.benzinga.com/government/21/01/19049660/washington-dc-descends-into-anarchy-as-trump-supporters-storm-us-capitol-delay-electoral-college-vot">Capitol riot in 2021</a>.
Trump Media&#8217;s share price soared in March when the SPAC merger with <a href="https://www.benzinga.com/m-a/24/03/37943780/exclusive-trump-media-company-goes-public-financial-experts-say-djt-a-meme-stock-this-is-going-to-be">Digital World Acquisition closed</a>. Shares opened at $70.90 on March 26 and hit a high of $79.38 shortly after. Trump's wealth soared as the company valuation reached $8 billion. 
Trump Media&#8217;s stock price fell 15%, to $15.84, on Wednesday, Sept. 11 — the morning after <a href="https://www.benzinga.com/news/24/09/40808499/trump-vs-harris-debates-results-are-in-flash-poll-shows-resounding-majority-pick-vice-president-as-w">the debate</a> between Trump and Vice President Kamala Harris. The shares closed at $16.68, down more than 10% on that day.
While shares of the Trump media company have spiked and remained volatile during the 2024 election and around legal events for the former president, the stock is down year-to-date and has hit several new post-SPAC merger 52-week lows in recent weeks.
Investors should be aware of potential risks if Trump and other shareholders sell their stake, as it could lead to more downward pressure on the stock and also increase the float.
Trump brushed off the declining share price, blaming the U.S. Securities and Exchange Commission (SEC) for causing "nothing but problems," and added that investors are worried he's leaving the platform.
"I'm not going to sell my shares. I don't need money,&#8221; he said.
If Trump changes his mind, he will have to disclose to the SEC that he sold stock as a 10% or larger owner of the company.
While Trump may not sell his shares, other backers of the company may choose to do so. Investor ARC Global, which owns around 13.1 million shares, registered shares for sale back in April.
In the meantime, the former president continues to use Truth Social to convey his campaign messages and opinions (i.e., &#8220;<a href="https://www.benzinga.com/news/24/09/40870369/trumps-i-hate-taylor-swift-met-with-witty-response-from-harris-campaign-the-american-people-want-to">I HATE TAYLOR SWIFT</a>&#8220;).
DJT Price Action: Trump Media &amp; Technology stock is down 4% to $14.99 on Thursday, hitting a new post-public low of $14.77 earlier in the day.
Check This Out:
<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent091924">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Image: Shutterstock

Social Media

Politics

Donald Trump Can Cash Out His Trump Media & Technology Stock, Keep Company Control: Here's How Many Shares He Owns

B. Riley Securities analyst Ryan Pfingst initiates coverage on Oklo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OKLO#NYSE">OKLO</a>) with a Buy rating and announces Price Target of $10.

Initiation

OKLO

B. Riley Securities Initiates Coverage On Oklo with Buy Rating, Announces Price Target of $10

Macro Economic Events

Global

Economics

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Israel Defence Minister Gallant Says Hezbollah Feels Hounded And Will Pay Increasing Price; New Phase Of War Includes Both Opportunities As Well As Serious Risks; Military Actions Will Continue

A renowned financial advisor, lawyer, and CEO of Creative Planning, Peter Mallouk, has expressed concerns about the future of the Registered Investment Advisory (RIA) industry despite projections that it will exceed <a href="https://www.benzinga.com/personal-finance/financial-advisors">$2.92 trillion by 2029.</a>
Mallouk discussed industry news with The Daily Upside at Future Proof, the world&#8217;s largest wealth festival, in Huntington Beach, CA.
&#8220;The market has been on a 15-year bull run and just gone straight up. When the markets normalize, there will be a mass slaughter. I mean, it's going to be really bad, and it's going to happen in a very short, multiyear period," he said, adding that many RIA's have grown complacent, owing to the success of the broad industry.
However, the market might struggle to hear him over the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40938732/wall-street-ramps-up-interest-rate-cut-bets-after-fed-meeting-the-hard-landing-crow">sounds of its fireworks</a>. The FED has just cut interest rates by 50 basis points, equities are at fresh all-time highs, and the RIA industry seems to thrive.
Franklin Templeton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>), an industry leader, manages as many as 455 open-ended mutual funds, while Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) <a href="https://www.benzinga.com/news/earnings/24/07/39910961/invesco-q2-earnings-beat-despite-yy-revenue-decline">recently reported</a> a 12% year-over-year increase in assets under management, surpassing $1.7 trillion. Despite these figures demonstrating the industry&#8217;s momentum, Mallouk believes many firms could be vulnerable if market conditions change.
Mallouk also points to larger economic risks, particularly related to deficit spending – which is set to reach $1.9 trillion in 2024, up from $1.7 trillion in 2023.
&#8220;It's really hard to get your brain around just how much money is sloshing around the system and what deficit spending does to the economy," he said.
Technology is another area where Mallouk sees both promise and peril. While advancements like artificial intelligence (AI) can enhance efficiency and scalability, they also introduce risks, including cybersecurity threats and misinformation.
Canadian veteran financial planner Jason Pereira recently echoed a similar sentiment, particularly addressing the hype surrounding generative AI.
&#8220;Generative AI is the most meaningful technological change since mobile computing,&#8221; he wrote <a href="https://www.kitces.com/blog/generative-ai-artificial-intelligence-advisor-technology-chat-gpt-software-innovation/">for</a> Kitces. While recognizing it as the biggest transformative advancement in years, he cautions that its full impact won&#8217;t be felt immediately.
&#8220;Can they expect to find an AI tool that changes everything today? Quite simply, no. Can it happen in 10 years? That's a much more probable outcome,&#8221; he noted.
Pereira stresses that while AI can speed up certain processes, its effectiveness depends on how well advisors understand and use the technology. 
&#8220;It doesn't make things better; it makes things faster—if you know what you're doing,&#8221; he explained, suggesting that firms should focus on mastering technology rather than relying on it to solve all their problems.
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Financial Advisors

Personal Finance

'Mass Slaughter': Wealth Manager Warns Of Market Correction, Digital Disruption As ETF, Passive Investing Goes Up And To The Right

The company is issuing the following statement following the research report published by Culper Research today: &nbsp;
In our view, the report is misleading, inaccurate and misrepresents our business.
Being the first company from Kazakhstan to successfully list on Nasdaq has obviously raised our profile amongst short sellers.
For those investors who have known us over the years, our reputation speaks for itself.

Short Sellers

KSPI

Kaspi.kz Issues Statement On Short-Seller Research; Says "In Our View, The Report Is Misleading, Inaccurate And Misrepresents Our Business. Being The First Company From Kazakhstan To Successfully List On Nasdaq Has Obviously Raised Our Profile Amongst Short Sellers. For Those Investors Who Have Known Us Over The Years, Our Reputation Speaks For Itself."

Shares of Achilles Therapeutics plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHL#NASDAQ">ACHL</a>) surged Thursday after the biotechnology firm revealed plans to discontinue its TIL-based cNeT program and close its ongoing Phase I/IIa <a href="https://www.benzinga.com/general/biotech/24/09/40935561/achilles-therapeutics-discontinued-its-til-based-cnet-program-and-closed-phase-12a-chiron-and-the">clinical trials, CHIRON and THETIS.</a>
What To Know: Achilles announced it will refocus its strategy to explore collaborations with third parties developing alternative modalities for targeting clonal neoantigens in cancer treatment. These potential partnerships could involve neoantigen vaccines, antibody-drug conjugates (ADCs) and TCR-T therapies.
In conjunction with this strategic shift, the company engaged BofA Securities as a financial advisor to explore value-maximizing strategies. These could include acquisitions, mergers, or asset sales, although the company emphasized that there is no guarantee of any transactions resulting from this process.
Dr. Iraj Ali, CEO of Achilles Therapeutics, stated, &#8220;Our data continue to illustrate the importance of clonal neoantigens as targets and show some clinical activity, however our studies in lung cancer and melanoma have not met our goals for commercial viability.&#8221; He added that the company remains committed to driving the development of effective treatments for patients and creating long-term value for shareholders.
As part of its strategic update, Achilles is implementing cost-cutting measures, including a proposed workforce reduction. The company has initiated an employee consultation process in compliance with UK legislation. Despite these measures, Achilles intends to retain employees essential for supporting value-realization during its strategic review.
ACHL Price Action: Achilles shares were up by 36.1% at 96 cents according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1722883001180099"><img loading="lazy" decoding="async" width="1024" height="533" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19113932/ACHL-1024x533.png" alt="" class="wp-image-556615" style="width:474px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19113932/ACHL-1024x533.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19113932/ACHL-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19113932/ACHL-768x400.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/19113932/ACHL.png 1431w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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<li><a href="https://www.benzinga.com/trading-ideas/technicals/24/09/40942441/stock-of-the-day-home-depot-agrees-to-settlement-while-overbought-signals-warn-of-potent">Stock Of The Day: Home Depot Agrees To Settlement, While Overbought Signals Warn Of Potential Sell-Off</a></li>
</ul>
Image: Steve Buissine from Pixabay.

ACHL

Achilles Therapeutics Shares Are Trading Higher: What You Need To Know

Oppenheimer analyst Ken Wong maintains HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) with a Outperform and maintains $625 price target.

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