FlexShares Trust FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS: LKOR)

Latest news for FlexShares Trust FlexShares Credit-Scored US Long Corporate Bond Index Fund (BATS:LKOR)

FlexShares Trust FlexShares Credit-Scored US Long Corporate Bond Index Fund

The index reflects the performance of a broad universe of USD denominated bonds of companies that are considered to have higher credit quality, lower risk of default and the potential for higher yield, price appreciation and liquidity relative to the universe of securities comprising the Northern Trust Investment-Grade US Long Corporate Bond Index. The fund generally will invest at least 80% of its total assets in the securities of its index. It is non-diversified.

FlexShares Credit-Scored US Long Corporate Bond Index Fund

Jefferies analyst Eun Yang maintains United Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTHR#NASDAQ">UTHR</a>) with a Buy and raises the price target from $315 to $432.

News

Price Target

Analyst Ratings

UTHR

Jefferies Maintains Buy on United Therapeutics, Raises Price Target to $432

Cantor Fitzgerald analyst Andres Sheppard reiterates Lucid Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) with a Neutral and maintains $4 price target.

Reiteration

LCID

Cantor Fitzgerald Reiterates Neutral on Lucid Gr, Maintains $4 Price Target

Nano Nuclear Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NNE#NASDAQ">NNE</a>) shares are trading higher by 13.7% to $14.78 during Monday&#8217;s session after the company announced the launch of NANO Nuclear Space to explore the <a href="https://www.benzinga.com/pressreleases/24/09/g40979735/nano-nuclear-energy-forms-nano-nuclear-space-to-explore-use-of-advanced-portable-microreactors-in-">potential commercial applications</a> of its developing micronuclear reactor technology in space.
Nano Nuclear Energy says that NNS will optimize NANO&#8217;s existing reactor designs, including the &#8220;ZEUS&#8221; solid core battery and &#8220;ODIN&#8221; low-pressure coolant reactor, for potential use in cis-lunar space—the area between Earth and the Moon. The company says these technologies are aimed at supporting extraterrestrial power systems, human habitation and propulsion for long-distance missions.
&#8220;Our new subsidiary will pioneer advanced nuclear systems for the growing space industry,&#8221; said Jay Yu, NANO Nuclear&#8217;s Founder. CEO James Walker added that space exploration could unlock significant technological advancements, improving life on Earth.
Nano Nuclear Space says the company also aims to forge new partnerships and attract funding for its space-focused developments.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40983043/us-services-growth-tops-estimate-contraction-in-manufacturing-worsens-reacceleratio">US Services Growth Tops Estimate, Contraction In Manufacturing Worsens: &#8216;Reacceleration Of Inflation&#8217;</a>
<h2 class="wp-block-heading">How To Buy NNE Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in Nano Nuclear Energy&#8217;s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NNE has a 52-week high of $37.51 and a 52-week low of $3.25.

Why Nano Nuclear Energy (NNE) Stock Is Popping Off

Whales with a lot of money to spend have taken a noticeably bullish stance on Netflix.
Looking at options history for Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) we detected 34 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 26% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $416,555 and 25, calls, for a total amount of $8,296,838.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $770.0 for Netflix during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Netflix'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 Netflix's whale trades within a strike price range from $10.0 to $770.0 in the last 30 days. 
<h3>Netflix Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727104547_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$706.0</td>
<td>$696.0</td>
<td>$701.0</td>
<td>$10.00</td>
<td>$7.0M</td>
<td>286</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$34.25</td>
<td>$33.8</td>
<td>$33.8</td>
<td>$710.00</td>
<td>$101.4K</td>
<td>930</td>
<td style="text-align: right;">61</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$39.9</td>
<td>$39.25</td>
<td>$39.6</td>
<td>$700.00</td>
<td>$95.0K</td>
<td>1.4K</td>
<td style="text-align: right;">93</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$79.95</td>
<td>$79.05</td>
<td>$79.72</td>
<td>$770.00</td>
<td>$79.7K</td>
<td>3</td>
<td style="text-align: right;">51</td>
</tr>
<tr>
<td>NFLX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/15/25</td>
<td>$79.7</td>
<td>$78.9</td>
<td>$79.7</td>
<td>$770.00</td>
<td>$79.7K</td>
<td>3</td>
<td style="text-align: right;">10</td>
</tr>
</tbody>
</table>

<h3>About Netflix</h3>
Netflix's relatively simple business model involves only one business, its streaming service. It has the biggest television entertainment subscriber base in both the United States and the collective international market, with more than 275 million subscribers globally. Netflix has exposure to nearly the entire global population outside of China. The firm has traditionally avoided live programming or sports content, instead focusing on on-demand access to episodic television, movies, and documentaries. The firm recently began introducing ad-supported subscription plans, giving the firm exposure to the advertising market in addition to the subscription fees that have historically accounted for nearly all its revenue.
After a thorough review of the options trading surrounding Netflix, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Netflix Standing Right Now?</h3>
<ul>
<li>With a volume of 1,107,110, the price of NFLX is up 1.13% at $708.92. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 24 days.</li>
</ul>
<h3>Expert Opinions on Netflix</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $761.6666666666666.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Rosenblatt keeps a Neutral rating on Netflix with a target price of $635. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Netflix, which currently sits at a price target of $750. 
&#x2A; Maintaining their stance, an analyst from Pivotal Research continues to hold a Buy rating for Netflix, targeting a price of $900. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Netflix options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

NFLX

Netflix's Options Frenzy: What You Need to Know

High-rolling investors have positioned themselves bullish on MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in MARA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 16 options trades for MARA Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 56% bullish and 43% bearish. Among all the options we identified, there was one put, amounting to $32,000, and 15 calls, totaling $689,548.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $13.0 and $25.0 for MARA Holdings, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for MARA Holdings options trades today is 6901.75 with a total volume of 19,698.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for MARA Holdings's big money trades within a strike price range of $13.0 to $25.0 over the last 30 days.
<h3>MARA Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727104542_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.76</td>
<td>$2.71</td>
<td>$2.76</td>
<td>$17.50</td>
<td>$82.8K</td>
<td>5.8K</td>
<td>342</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.07</td>
<td>$1.99</td>
<td>$2.07</td>
<td>$20.00</td>
<td>$78.6K</td>
<td>21.0K</td>
<td>647</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.07</td>
<td>$2.03</td>
<td>$2.07</td>
<td>$20.00</td>
<td>$63.3K</td>
<td>21.0K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.83</td>
<td>$2.77</td>
<td>$2.83</td>
<td>$17.50</td>
<td>$56.6K</td>
<td>5.8K</td>
<td>2.1K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.82</td>
<td>$2.76</td>
<td>$2.76</td>
<td>$17.50</td>
<td>$55.2K</td>
<td>5.8K</td>
<td>1.1K</td>
</tr>
</tbody>
</table>

<h3>About MARA Holdings</h3>
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value.
Following our analysis of the options activities associated with MARA Holdings, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of MARA Holdings</h3>
<ul>
<li>With a volume of 10,233,965, the price of MARA is up 2.81% at $15.98. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 44 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for MARA Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

MARA

Looking At MARA Holdings's Recent Unusual Options Activity

Financial giants have made a conspicuous bullish move on Shopify. Our analysis of options history for Shopify (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) revealed 10 unusual trades.
Delving into the details, we found 50% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $123,705, and 7 were calls, valued at $397,125.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $105.0 for Shopify, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Shopify options trades today is 601.5 with a total volume of 634.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Shopify's big money trades within a strike price range of $55.0 to $105.0 over the last 30 days.
<h3>Shopify Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727104537_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$32.05</td>
<td>$31.35</td>
<td>$32.05</td>
<td>$55.00</td>
<td>$160.2K</td>
<td style="text-align: right;">823</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$15.25</td>
<td>$14.85</td>
<td>$15.0</td>
<td>$65.00</td>
<td>$75.0K</td>
<td style="text-align: right;">153</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>SHOP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$31.1</td>
<td>$30.85</td>
<td>$30.85</td>
<td>$105.00</td>
<td>$64.7K</td>
<td style="text-align: right;">56</td>
<td style="text-align: right;">24</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$11.5</td>
<td>$11.45</td>
<td>$11.45</td>
<td>$68.00</td>
<td>$38.9K</td>
<td style="text-align: right;">156</td>
<td style="text-align: right;">90</td>
</tr>
<tr>
<td>SHOP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$10.75</td>
<td>$9.85</td>
<td>$9.85</td>
<td>$70.00</td>
<td>$33.4K</td>
<td style="text-align: right;">354</td>
<td style="text-align: right;">107</td>
</tr>
</tbody>
</table>

<h3>About Shopify</h3>
Shopify offers an e-commerce platform primarily to small and medium-size businesses. The firm has two segments. The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. The merchant solutions segment offers add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
After a thorough review of the options trading surrounding Shopify, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Shopify's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,791,214, the price of SHOP is up by 1.05%, reaching $79.55.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 38 days from now.</li>
</ul>
<h3>Expert Opinions on Shopify</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $81.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Shopify with a target price of $90. 
&#x2A; Maintaining their stance, an analyst from Piper Sandler continues to hold a Neutral rating for Shopify, targeting a price of $67. 
&#x2A; In a positive move, an analyst from Redburn Atlantic has upgraded their rating to Buy and adjusted the price target to $99. 
&#x2A; An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $80. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $70. 
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 Shopify, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

SHOP

Decoding Shopify's Options Activity: What's the Big Picture?

Cantor Fitzgerald analyst Andres Sheppard reiterates Joby Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JOBY#NYSE">JOBY</a>) with a Overweight and maintains $10 price target.

JOBY

Cantor Fitzgerald Reiterates Overweight on Joby Aviation, Maintains $10 Price Target

<a href="https://www.benzinga.com/personal-finance/24/08/40605821/charlie-munger-said-you-dont-need-to-own-a-lot-of-things-in-order-to-get-rich-but-believed-you-a">Charlie Munger</a>, Vice Chairman of Berkshire Hathaway and <a href="https://www.benzinga.com/personal-finance/24/09/40881429/warren-buffetts-daughter-asked-him-for-a-41-000-loan-to-remodel-her-kitchen-but-the-billionaire-">Warren Buffett's longtime business partner,</a> passed away in November 2023, shy of his 100th birthday. Munger had never been one to sugarcoat his thoughts and always offered blunt and honest advice.
At the 2017 Daily Journal Shareholders Meeting, he provided his perspective on how young people should think about success – and why they probably shouldn't follow his exact footsteps.
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Munger is known for his wide-ranging knowledge and he made billions by understanding "a little bit about a hell of a lot." But when asked about specialization, he didn't hesitate to admit he's not the ideal role model for the next generation. "I don't think I'm a good example to the young," Munger said. "I don't want to encourage people to follow my particular path."&nbsp;
He explained: "If you want to get rich the way I did, by learning a little bit about a hell of a lot, I don't recommend it to others."
While his unconventional approach has worked for him, Munger suggests that most people would do better focusing on a single area of expertise rather than trying to become jacks of all trades.
See Also: <a href="https://www.benzinga.com/money/charlie-munger-100k">Charlie Munger said if you want to be rich, &#8220;find a way to get your hands on $100,000&#8221; — here&#8217;s what he means.</a>
The Mozart Story: Why Asking for Directions Isn't Always the Best Move
In true Munger fashion, he didn't stop at a simple answer. Instead, he illustrated his point with a story about a young man who once asked Mozart how to compose symphonies. "You're too young," Mozart replied. When the man protested, pointing out that Mozart himself was composing at a young age, Mozart delivered the punchline: "Yeah, but I wasn't running around asking other people how to do it."
The lesson? Munger's path was one of self-direction and relentless curiosity. But he cautions that this approach isn't for everyone – and certainly not for those looking for a step-by-step guide to success.
Trending: Teens may never need wisdom teeth removed thanks to this MedTech Company –<a href="https://www.benzinga.com/money/triagenics"> Be an early investor for just $300 for 100 shares!</a>
Specialization vs. Generalization: What's the Better Path?
Regarding today's world, Munger believes that specialization is the way forward, especially in fields that demand specific knowledge. "If you're a proctologist, I do not want a proctologist who knows Schopenhauer or astrophysics," Munger quipped, drawing laughter from the crowd. "I want a man who's specialized. That's the way the market is."
Munger doesn't completely dismiss the idea of being a generalist, but he's clear that it's a harder route for most people. The <a href="https://www.benzinga.com/personal-finance/24/09/40731929/charlie-munger-said-the-big-money-is-not-in-the-buying-and-the-selling-but-in-the-waiting">market values specialists</a>; in his view, it's the safer, more reliable path to success.
Trending: Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks tackles the $644 billion margin lending market –<a href="https://www.benzinga.com/money/wolfpack"> here&#8217;s how to get equity in it with just $500</a>
Rationality and Discipline: The Universal Keys to Success
While Munger doesn't recommend trying to replicate his strategy, he emphasizes the value of certain traits with broad applications. "The basic ideas of being rational and disciplined and deferring gratification, those will work," he said.&nbsp;
These principles can <a href="https://www.benzinga.com/personal-finance/24/08/40510523/charlie-munger-warned-95-of-people-have-no-chance-of-beating-s-p-500-index-but-adds-why-shouldnt">lead to long-term success</a> in any field, whether you're a specialist or a generalist.
A Word of Caution for the Ambitious
Munger's message is clear: While looking to successful figures for a blueprint is tempting, trying to <a href="https://www.benzinga.com/money/charlie-munger-100k">follow their exact path</a> may not be the best idea. His advice for those aspiring to reach the same heights is simple: find your own way and focus on what works for you rather than chasing after someone else's formula. Munger may have learned "a little about a hell of a lot," but he's also wise enough to know that his method isn't for everyone.
His frankness about what worked for him – and what might work for others – is the kind of <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">wisdom that never goes out of style</a>.
Read Next:
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<li>Elon Musk&#8217;s secret mansion in Austin revealed through court filings.<a href="https://www.benzinga.com/money/elon-musk-secret-mansion-austin-nada"> Here&#8217;s how to invest in the city&#8217;s growth before prices go back up.</a></li>
<li>A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a></li>
</ul>

Personal Finance

Billionaire Charlie Munger Says He Got Rich By Learning 'A Little Bit About A Lot' – But Warns He Doesn't Recommend This To Others

Kaival Brands Innovations Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) stock is moving higher on Monday after the company and Delta Corp Holdings Limited, a logistics and asset management company, entered a merger and share exchange agreement.
What Happened: Under the agreement, Kaival Brands and Delta will become subsidiaries of a holding company incorporated in the Cayman Islands named Pubco. 
Delta shareholders will become the majority shareholders of Pubco. The new company will trade on the Nasdaq and it will be led by the Delta management team.
Mark Thoenes, Interim CEO of Kaival Brands, stated, &#8220;This transaction marks an exciting new chapter for Kaival Brands. Delta&#8217;s flexible, asset-light business model positions the combined Company to capitalize on high growth areas within the energy and raw materials markets and offers our shareholders a unique opportunity.&#8221;
The companies anticipate that the transaction will close during the 2024 fourth quarter. The deal is still pending shareholder approval.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40968987/benzinga-bulls-and-bears-apple-palantir-walmart-home-depot-and-an-analyst-predicts-dogecoi">Benzinga Bulls And Bears: Apple, Palantir, Walmart, Home Depot — And An Analyst Predicts Dogecoin Will Outperform Bitcoin In 2025</a>
KAVL Price Action: At the time of writing, Kaival Brands stock is moving 138.3% higher at $1.38, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: 8701393 from Pixabay.

Movers

KAVL

What's Going On With Kaival Brands Stock Monday?

Lead times for the Apple iPhone 16 are shorter than the iPhone 15. An analyst says there may be more to the picture as investors and analysts question <a href="https://www.benzinga.com/tech/24/09/40930388/apple-iphone-16-pre-orders-show-possible-low-demand-one-sign-could-point-to-company-breaking-this-em">weaker demand concerns</a>.
The Apple Analyst: Goldman Sachs analyst Michael Ng reiterated a Buy rating on Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a $276 price target.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/40932937/apple-iphone-16-selling-at-a-greater-rate-than-last-year-says-t-mobile-ceo-amid-reports-of-lower">Apple iPhone 16 Selling At A &#8216;Greater Rate Than Last Year,&#8217; Says T-Mobile CEO Amid Reports Of Lower Demand: &#8216;People Are Buying Pros, They&#8217;re Buying Maxs…They&#8217;re Buying Up The Food Chain&#8217;</a>
The Analyst Takeaways: Delivery lead times for<a href="https://www.benzinga.com/news/24/09/40780100/apple-intelligence-ready-iphone-16-with-faster-processor-dedicated-camera-button-announced-check-pri"> the iPhone 16</a> are shorter than the iPhone 15 based on channel inventory, the analyst said in a recent note.
"Although shorter lead times could imply weaker demand trends, lead times provide an incomplete picture of demand when viewed without an accurate view of channel inventory," Ng said.
The analyst said inventory ahead of Friday's iPhone 16 launch was "particularly lean," which could be one of the biggest factors in the shorter lead times.
Positive commentary on iPhone 16 demand from T-Mobile should also be a factor for investors to consider, the analyst added.
"We continue to believe AAPL should benefit from a step-up in earnings power, catalyzed by a multi-year iPhone upgrade cycle.
Lead times for the iPhone 16 were tracked by the analyst from Sept. 13 to Sept. 19 across regions like the U.S., China, Japan, UK, India and Hong Kong.
While lead times for the iPhone 16 are lower for all models and tracked regions compared to the iPhone 15, the more expensive Pro and Pro Max models have extended lead times compared to the base and Plus models. The larger lead times could suggest customers are focusing on "premiumization" with an iPhone upgrade.
The iPhone 16 Pro and Pro Max have a more powerful chip and larger display screen size, Ng said.
The bad news could be that while the lead time for the more expensive models is longer, the lead time is shorter compared to the iPhone 15 Pro and Pro Max by 11 days and 19 days respectively.
"Lower lead times across models and regions for the 16 series versus the 15 series during pre-order periods could suggest lower unit purchases, though we recognize lead times could also be a reflection of company supply."
AAPL Price Action: Apple stock trades at $228.82 on Monday, versus a 52-week trading range of $164.08 to $237.23. Apple stock is up 23% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40974511/iphone-15-pro-models-and-iphone-13-discontinued-by-apple-heres-why">iPhone 15 Pro Models and iPhone 13 Discontinued By Apple: Here&#8217;s Why</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Tech

Trading Ideas

AAPL

Apple iPhone 16 Lead Time Falls Short Of iPhone 15, But One Analyst Says Investors Shouldn't Panic

On Monday, Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) agreed to make a <a href="https://www.benzinga.com/pressreleases/24/09/g40977996/ventyx-biosciences-announces-27-million-strategic-investment-from-sanofi">$27 million strategic investment</a> in Ventyx Biosciences Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTYX#NASDAQ">VTYX</a>).
&#8220;We look forward to strengthening our relationship with Sanofi as the VTX3232 clinical programs progress, with data from the Phase 2a trial in patients with early Parkinson&#8217;s disease and data from the Phase 2 trial in subjects with obesity and additional cardiometabolic risk factors, both expected in 2025,&#8221; Ventyx CEO Raju Mohan said.
The company also agreed to grant Sanofi an exclusive right of first negotiation with respect to certain VTX3232 program rights.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/07/40014856/ventyx-biosciences-inflammatory-bowel-disease-candidate-flunks-in-mid-stage-study-company-looks-f" rel="noreferrer noopener">Ventyx Biosciences&#8217; Inflammatory Bowel Disease Candidate Flunks In Mid-Stage Study, Company Looks For Partner To Pursue It Further</a>.
The proceeds are expected to be sufficient to fund planned operations into at least the second half of 2026.
VTX3232 is geared toward neuroinflammatory and neurodegenerative conditions, including Parkinson&#8217;s disease, cardiometabolic disease, Alzheimer&#8217;s disease, and multiple sclerosis, among others.
In the first quarter of this year, Ventyx announced results from a Phase 1 trial of VTX3232 in adult healthy volunteers where steady-state exposures achieved with once-daily doses of VTX3232 exceeded the interleukin-1β (IL-1β) IC90&nbsp;in both plasma and cerebrospinal fluid over 24 hours.
Current development plans for VTX3232 include a Phase 2a trial in patients with early Parkinson&#8217;s disease and a Phase 2 trial in subjects with obesity and additional cardiometabolic risk factors. Data from both trials are expected in 2025.
Price Action: VTYX stock up 17.9% at $2.71 at last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/government/24/09/40981096/taiwan-semiconductor-denies-uae-investment-rumors-report" target="_blank" rel="noreferrer noopener">Taiwan Semiconductor Denies UAE Investment Rumors: Report</a></li>
</ul>
Image: Shutterstock

Biotech

Health Care

Financing

General

VTYX

Sanofi Injects $27M In Neurology Drug Developer Ventyx Biosciences

Canaccord Genuity analyst Sumant Kulkarni maintains Cybin (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CYBN#AMEX">CYBN</a>) with a Buy and lowers the price target from $114 to $96.

CYBN

Canaccord Genuity Maintains Buy on Cybin, Lowers Price Target to $96

Cantor Fitzgerald analyst Andres Sheppard reiterates Innoviz Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INVZ#NASDAQ">INVZ</a>) with a Overweight and maintains $2 price target.

INVZ

Cantor Fitzgerald Reiterates Overweight on Innoviz Technologies, Maintains $2 Price Target

Macro Economic Events

Global

Economics

U.S. Commerce Official Says General Motors, Ford Would Need To Stop Importing Vehicles From China For U.S. Market Under New Proposed Connected Car Rule

GPUS

Hyperscale Data CEO Says Received Inquiries From Wide Range Of Companies Interested In Exploring Our Michigan Facility; Engaged In Discussions With Potential IO Companies Interested In Leasing Michigan Data Center; Plan To Distribute Remaining Non-Core Assets To Stockholders Via One Or More Special Distributions

WIIM

RVNC

Revance Therapeutics shares are trading lower after the company announced it extended its merger agreement deadline with Crown Laboratories amid ongoing discussions.

Cantor Fitzgerald analyst Andres Sheppard reiterates EVgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVGO#NASDAQ">EVGO</a>) with a Overweight and maintains $5 price target.

EVGO

Cantor Fitzgerald Reiterates Overweight on EVgo, Maintains $5 Price Target

Innovative Eyewear Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCY#NASDAQ">LUCY</a>) shares are trading lower by 19.0% to $8.73 during Monday&#8217;s session after the company announced the exercise of <a href="https://www.benzinga.com/pressreleases/24/09/n40978125/innovative-eyewear-inc-announces-exercise-of-warrants-for-2-6-million-gross-proceeds">$2.6 million worth of warrants</a>.
What Else: Innovative Eyewear has entered agreements for the exercise of outstanding warrants to purchase 263,160 shares of common stock. The warrants, initially priced at $9.50 per share, will now be exercised at $9.875 per share. 
The transaction, expected to close on September 24, should bring in approximately $2.6 million in gross proceeds, which will be used for working capital and corporate purposes.
H.C. Wainwright &amp; Co. is serving as the placement agent for the deal. In return for the immediate cash exercise, the company will issue new unregistered Series E and F warrants for additional shares, with exercise prices of $9.50 per share, and expiration periods of five years (Series E) and eighteen months (Series F).
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40983043/us-services-growth-tops-estimate-contraction-in-manufacturing-worsens-reacceleratio">U.S. Services Growth Tops Estimate, Contraction In Manufacturing Worsens</a>
<h2 class="wp-block-heading">Is LUCY A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/LUCY">Innovative Eyewear</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Innovative Eyewear does not pay a dividend, but obviously has a few ways it can return value to shareholders. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 12.78%, you'll need to buy a share of Two Harbors Inv by the Oct. 1, 2024. Once done, you can expect to receive a nominal payout of $0.45 on Oct. 29, 2024.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/LUCY">Innovative Eyewear</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, LUCY has a 52-week high of $27.20 and a 52-week low of $3.26.

LUCY

Why Innovative Eyewear (LUCY) Stock Is Down 20% Today

Hyperscale Data Emphasizes the Potential of Its Data Center Business
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fhyperscaledata.com%2F&amp;esheet=54125848&amp;newsitemid=20240923800000&amp;lan=en-US&amp;anchor=Hyperscale+Data%2C+Inc.&amp;index=1&amp;md5=0699b0ad44b99c0eb7e267f5aa503cbe">Hyperscale Data, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPUS#NYSE">GPUS</a>), a diversified holding company ("Hyperscale Data," or the "Company"), today shared a letter from its Chief Executive Officer to its stockholders.
Dear Stockholders,
I hope this message finds you well. I am pleased to share developments that underscore the potential of our Michigan data center amidst the ongoing artificial intelligence ("AI") evolution. We believe that our Michigan data center is an exceptional property, with 14 acres under roof and an additional 20 open acres for potential future development. This facility is powered by both nuclear and natural gas, providing clean power with a reduced environmental impact. With multiple fiber providers servicing the building and an infrastructure poised for expansion, we believe that our Michigan data center is strategically positioned to become our most valuable asset.

Hyperscale Data CEO Highlights Potential Of Michigan Data Center Amid AI Boom, Plans Expansion To 300 MW And Focus On AI Infrastructure

Elevai Labs Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) shares are trading lower by 60% to 11 cents during Monday&#8217;s session after the company announced the pricing of an <a href="https://www.benzinga.com/pressreleases/24/09/g40980018/elevai-labs-inc-announces-pricing-of-8-0-million-public-offering">$8.0 million public offering</a>.
What Else: The offering consists of 28.57 million shares of common stock or pre-funded warrants, each sold with one Series A Warrant and one Series B Warrant, both exercisable at $0.38 per share. 
The Series A Warrants will expire five years after the Initial Exercise Date, while Series B Warrants will expire in 2.5 years. Proceeds will support corporate purposes like working capital. 
The offering is expected to close around September 24, 2024, pending standard conditions.
Read Also: <a href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks">Chinese Vehicle Tech Faces Biden Administration Ban Over National Security Concerns</a>
<h2 class="wp-block-heading">Should I Sell My ELAB Stock?</h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a>
ELAB has a 52-week high of $4.24 and a 52-week low of $0.11.

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