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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.

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WIIM

LUNR

Intuitive Machines shares are trading higher after B. Riley Securities raised its price target on the stock from $8 to $12.

Corcept Therapeutics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cort#NASDAQ">CORT</a>) shares soared 6.5% in the last trading session to close at $42.27. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock&#39;s 15.7% gain over the past four weeks.
The company&#39;s sole marketed drug, Korlym, approved for treating Cushing&#39;s syndrome, is witnessing strong demand and driving growth. Also, a new drug application for the lead candidate, relacorilant, to treat Cushing&#39;s syndrome is expected to be filed in the fourth quarter of 2024. The ongoing progress with Korlym and relacorilant could be the reason for the share price rally.
This drug developer is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of -7.1%. Revenues are expected to be $171.04 million, up 38.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Corcept, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock&#39;s price usually doesn&#39;t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CORT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold).
Corcept is a member of the Zacks Medical - Drugs industry. One other stock in the same industry, Zoetis (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zts#NYSE">ZTS</a>), finished the last trading session 0.4% higher at $196.48. ZTS has returned 6.6% over the past month.
For Zoetis, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.46. This represents a change of +7.4% from what the company reported a year ago. Zoetis currently has a Zacks Rank of #2 (Buy).
<a href="https://www.zacks.com/stock/news/2338319/corcept-cort-moves-6-5-higher-will-this-strength-last?cid=CS-BENZ-FT-tale_of_the_tape|daily_price_change_5%-2338319">To read this article on Zacks.com click here.</a>

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Mid Cap

News

Markets

Analyst Ratings

Trading Ideas

CORT

Corcept Moves 6.5% Higher: Will This Strength Last?

CAKE

TXRH

WING

Shares of hotel, restaurant and leisure companies are trading higher following the Fed's rate cut, which could boost consumer spending.

CROX

Crocs shares are trading lower in possible sympathy with Sketchers which warned of current trends in China during a Wells Fargo Consumer Conference.

Macro Notification

General

X Lawyers In Brazil Report Platform Will Soon Present Legal Representative To Supreme Court And Has Begun Complying With Court Orders To Remove Hate Content; Unintentional Technical Issue Allowed Some Users To Access X On Wednesday

-Wells Fargo Consumer Conference&nbsp;&nbsp;&nbsp;&nbsp;

Guidance

Skechers CFO Expects Greater-Than-Anticipated Headwinds In China For Second Half Of 2024 Due To Slower Post-COVID Recovery, Despite Long-Term Growth Opportunities; Says "Not Really Going To Give Very Specific Guidance"

Whales with a lot of money to spend have taken a noticeably bullish stance on SoFi Techs.
Looking at options history for SoFi Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) we detected 13 trades.
If we consider the specifics of each trade, it is accurate to state that 61% of the investors opened trades with bullish expectations and 30% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $195,502 and 10, calls, for a total amount of $449,997.
<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 $5.0 and $15.0 for SoFi Techs, spanning the last three months.
<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 SoFi Techs'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 SoFi Techs's whale trades within a strike price range from $5.0 to $15.0 in the last 30 days. 
<h3>SoFi Techs Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726774355_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>SOFI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>03/21/25</td>
<td>$2.3</td>
<td>$2.26</td>
<td>$2.28</td>
<td>$10.00</td>
<td>$114.0K</td>
<td>1.2K</td>
<td>500</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$0.78</td>
<td>$0.77</td>
<td>$0.78</td>
<td>$10.00</td>
<td>$105.1K</td>
<td>23.3K</td>
<td>196</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.55</td>
<td>$3.45</td>
<td>$3.55</td>
<td>$5.00</td>
<td>$71.0K</td>
<td>23.1K</td>
<td>246</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$2.2</td>
<td>$2.17</td>
<td>$2.17</td>
<td>$10.00</td>
<td>$43.4K</td>
<td>32.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>SOFI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$2.2</td>
<td>$2.17</td>
<td>$2.17</td>
<td>$10.00</td>
<td>$43.4K</td>
<td>32.7K</td>
<td>666</td>
</tr>
</tbody>
</table>

<h3>About SoFi Techs</h3>
SoFi is a financial-services company that was founded in 2011 and is based in San Francisco. Initially known for its student loan refinancing business, the company has expanded its product offerings to include personal loans, credit cards, mortgages, investment accounts, banking services, and financial planning. The company intends to be a one-stop shop for its clients' finances and operates solely through its mobile app and website. Through its acquisition of Galileo in 2020, the company also offers payment and account services for debit cards and digital banking.
In light of the recent options history for SoFi Techs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of SoFi Techs</h3>
<ul>
<li>With a volume of 48,503,121, the price of SOFI is up 1.42% at $8.22. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 39 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>.
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 SoFi Techs, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

SOFI

Smart Money Is Betting Big In SOFI Options

Investors with a lot of money to spend have taken a bearish stance on Ally Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ALLY, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 14 options trades for Ally Financial.
This isn't normal.
The overall sentiment of these big-money traders is split between 35% bullish and 57%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $83,160, and 13, calls, for a total amount of $774,883.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $30.0 to $45.0 for Ally Financial over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</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 Ally Financial'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 Ally Financial's whale trades within a strike price range from $30.0 to $45.0 in the last 30 days. 
<h3>Ally Financial 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726774350_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ALLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.4</td>
<td>$8.1</td>
<td>$8.4</td>
<td>$30.00</td>
<td>$155.4K</td>
<td>292</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>ALLY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.4</td>
<td>$7.9</td>
<td>$8.4</td>
<td>$30.00</td>
<td>$121.8K</td>
<td>292</td>
<td style="text-align: right;">500</td>
</tr>
<tr>
<td>ALLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$32.00</td>
<td>$94.9K</td>
<td>1.2K</td>
<td style="text-align: right;">211</td>
</tr>
<tr>
<td>ALLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$8.4</td>
<td>$8.4</td>
<td>$8.4</td>
<td>$30.00</td>
<td>$83.1K</td>
<td>292</td>
<td style="text-align: right;">349</td>
</tr>
<tr>
<td>ALLY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$11.0</td>
<td>$10.8</td>
<td>$10.8</td>
<td>$45.00</td>
<td>$83.1K</td>
<td>35</td>
<td style="text-align: right;">81</td>
</tr>
</tbody>
</table>

<h3>About Ally Financial</h3>
Formerly the captive financial arm of General Motors, Ally Financial became an independent publicly traded firm in 2014 and is one of the largest consumer auto lenders in the country. While the firm has expanded its product offerings over time, it remains primarily focused on auto lending with more than 70% of its loan book in consumer auto loans and dealer financing. Ally also offers auto insurance, commercial loans, credit cards, and holds a portfolio of mortgage debt, giving the bank a diversified business model, which includes brokerage services.
In light of the recent options history for Ally Financial, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Ally Financial</h3>
<ul>
<li>Currently trading with a volume of 3,526,724, the ALLY's price is up by 1.38%, now at $34.52. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 29 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
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 Ally Financial options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

ALLY

Check Out What Whales Are Doing With ALLY

Deep-pocketed investors have adopted a bearish approach towards Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in IREN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for Iris Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 29% leaning bullish and 47% bearish. Among these notable options, 8 are puts, totaling $2,146,613, and 9 are calls, amounting to $716,530.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.5 to $12.0 for Iris Energy over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Iris Energy's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Iris Energy's substantial trades, within a strike price spectrum from $2.5 to $12.0 over the preceding 30 days.
<h3>Iris Energy Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726774345_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.9</td>
<td>$4.7</td>
<td>$4.9</td>
<td>$10.00</td>
<td>$735.1K</td>
<td>25.6K</td>
<td>3.1K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.9</td>
<td>$4.7</td>
<td>$4.9</td>
<td>$10.00</td>
<td>$661.9K</td>
<td>25.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$4.2</td>
<td>$3.9</td>
<td>$4.0</td>
<td>$10.00</td>
<td>$461.6K</td>
<td>24</td>
<td>0</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$2.45</td>
<td>$2.25</td>
<td>$2.25</td>
<td>$10.00</td>
<td>$338.1K</td>
<td>509</td>
<td>1.5K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$5.0</td>
<td>$4.8</td>
<td>$4.8</td>
<td>$10.00</td>
<td>$71.7K</td>
<td>25.6K</td>
<td>174</td>
</tr>
</tbody>
</table>

<h3>About Iris Energy</h3>
Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
After a thorough review of the options trading surrounding Iris Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Iris Energy</h3>
<ul>
<li>With a trading volume of 11,215,173, the price of IREN is up by 1.94%, reaching $7.87.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 53 days from now.</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>.
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 Iris Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

IREN

What the Options Market Tells Us About Iris Energy

A significant tax incentive is scheduled to expire in 2025, with many wealthy parents rushing to transfer their assets to their children as <a href="https://www.benzinga.com/general/politics/24/09/40910999/trump-in-trouble-vice-president-harris-has-record-6-point-lead-in-2024-election-poll-after-debat">Kamala Harris gains ground in the polls</a> ahead of the 2024 presidential election. This rush, however, has sparked new concerns over the emotional toll of sudden wealth on children – a phenomenon known as &#8220;sudden wealth syndrome.&#8221;
Don't Miss:
<ul>
<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li>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></li>
</ul>
<h2 class="wp-block-heading">What's Happening?</h2>
Currently, individuals can transfer up to $13.61 million tax-free to family members, while couples can transfer up to $27.22 million. But this generous tax benefit is set to expire at the end of 2025 and the amount will likely drop by about half. This change prompts ultrawealthy families to act quickly, moving large sums of money to their children before the window closes.
Wealthy parents are under pressure to provide money to their children as soon as possible because <a href="https://www.benzinga.com/news/24/08/40650939/kamala-harris-wants-to-tax-the-ultra-wealthy-with-unrealized-gains-tax-leaving-silicon-valley-unsett">Harris is advocating for more taxes on the wealthy</a>. They are concerned that a Democratic president may implement tax laws that would be less advantageous for them.&nbsp;
But while they&#8217;re focused on protecting their kids&#8217; financial futures, they&#8217;re also concerned about how suddenly receiving so much money could impact their children&#8217;s well-being.
Trending: <a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a>
<h2 class="wp-block-heading">The Risks of Sudden Wealth</h2>
Sudden wealth syndrome is a real challenge for people who suddenly get a lot of money. Children who inherit enormous sums or receive unexpected wealth may experience overwhelming anxiety and uncertainty about what to do with all of their newfound income.
<a href="https://www.benzinga.com/money/best-online-financial-advisors">Wealth advisors</a> are encouraging families to consider carefully before making these transfers – not just about the tax savings but also about the impact on their children's mental health and future.
Trending: Founder of Personal Capital and ex-CEO of PayPal<a href="https://www.benzinga.com/money/evergreen-money"> re-engineers traditional banking with this new high-yield account — start saving better today.</a>
<h2 class="wp-block-heading">What's At Stake?</h2>
According to a report, &#8220;Much is often made in the media of millennial and Generation Z heirs, but Generation X will be first in line to inherit from their wealthy parent(s).&#8221;
It also says that over the next 10 years, about 1.2 million people worth $5 million or more will pass down over $31 trillion. Almost two-thirds will come from the ultrarich, those worth $30 million or more. Ultimately, around $20 trillion will be passed down from just 155,000 of the richest individuals.
<a href="https://www.benzinga.com/personal-finance/24/02/37261188/here-are-the-best-10-financial-lessons-to-teach-your-kids">Educating kids about financial responsibility</a> before they inherit a fortune can help them feel more comfortable managing their wealth. Some families are setting up gradual inheritance plans to ensure their kids won't get all the money at once, while others are seeking professional help to guide their kids through this major life change.
Read Next:
<ul>
<li>The number of ‘401(k)' Millionaires is up 43% from last year —<a href="https://www.benzinga.com/money/401k-millionaires"> Here are three ways to join the club.</a></li>
<li><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></li>
</ul>

Personal Finance

Kids Facing 'Sudden Wealth Syndrome' As Harris' Rise Has Parents Worried, Racing To Transfer Billions To Kids Before A 2025 Benefit Expires

Skechers shares are trading lower after the company discussed near-term China challenges.

An analyst views the launch of ESPN's DTC streaming platform as a mixed bag for The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), with both positives and negatives. While potential challenges loom, <a href="https://www.benzinga.com/general/entertainment/24/07/39733479/nba-fans-rejoice-new-76b-deal-from-espn-amazon-nbc-will-bring-games-seven-days-a-week">renewed NBA rights</a> and NCAA football playoffs could help offset future weakness.
The Disney Analyst: Macquarie analyst Tim Nollen retained a Neutral rating on Disney and lowered the price target from $94 to $91.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/08/40218880/disneys-q3-earnings-revenue-and-eps-beat-streaming-business-turns-profitable-strong-espn-revenue-bo">Disney&#8217;s Q3 Earnings: Revenue And EPS Beat, Streaming Business Turns Profitable, Strong ESPN Revenue Boost</a>
The Analyst Takeaways: With too many moving parts, including the impact of cord cutting, Nollen has rebuilt the model on Disney and sees a near-term downside to earnings.
"For as much change as Disney has been through in the past few years, there is even more change ahead," Nollen said.
In the new investor note, the analyst focuses mainly on sports and streaming, noting that accelerated cord-cutting could come alongside the launch of the ESPN direct-to-consumer platform in August 2025.
"We estimate industry underlying year-over-year sub declines of 8.5% currently could roughly double by 2027. ESPN DTC will likely cause this, and to offset the impact will have to add 14 million subs at a $25 ARPU by FY27, on our calculations."
The key question for the analyst is whether Disney can attract new subscribers to ESPN DTC, or if it will primarily be cord-cutters, shifting from paying affiliate fees for ESPN to the new platform.
Positives for Disney's sports segment include the new National Basketball Association rights deal and the expansion of the NCAA Football playoffs, Nollen said.
Nollen said Disney "appears to have scored a good deal" on the new NBA rights with a 73% increase in average annual price while adding international rights and streaming on the new ESPN DTC platform.
"The roll-on of the new college football playoff expansion this coming Dec 2024-Jan 2025. We estimate this brings in additional $175m of revenue in FY25 and $400m in FY26, with modest operating losses on the new $1.43bn annual contract starting FY27."
"We believe Disney is leading the way amongst media peers in transitioning to streaming, and will be successful over the long run. However, there is a lot of change and uncertainty ahead."
DIS Price Action: Disney stock is up 1% to $94.52 on Thursday, versus a 52-week trading range of $78.73 to $123.74. Disney shares are up 4% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40259673/disney-analysts-tackle-theme-park-weakness-streaming-profits-the-upside-in-the-ente">Disney Analysts Tackle Theme Park Weakness, Streaming Profits: &#8216;The Upside In The Entertainment Units More Than Offsets The Parks Miss&#8217;</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Entertainment

Price Target

Reiteration

Sports

Disney Faces 'More Change Ahead' As ESPN DTC Launch Will Accelerate Cord Cutting: NBA Rights, College Football Offer Upside, Analyst Says

WKSP

Worksport shares are trading higher after the company announced it launched the solis solar array and COR mobile battery power generator.

Investors with a lot of money to spend have taken a bearish stance on Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SBUX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Starbucks.
This isn't normal.
The overall sentiment of these big-money traders is split between 25% bullish and 58%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $1,220,455, and 4 are calls, for a total amount of $129,405.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $100.0 for Starbucks over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for Starbucks options trades today is 2475.5 with a total volume of 3,699.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Starbucks's big money trades within a strike price range of $90.0 to $100.0 over the last 30 days.
<h3>Starbucks Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726773893_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$6.7</td>
<td>$6.45</td>
<td>$6.46</td>
<td>$95.00</td>
<td>$969.0K</td>
<td>310</td>
<td>0</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$3.4</td>
<td>$3.35</td>
<td>$3.36</td>
<td>$95.00</td>
<td>$65.4K</td>
<td>5.3K</td>
<td>207</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$8.8</td>
<td>$8.7</td>
<td>$8.8</td>
<td>$90.00</td>
<td>$40.4K</td>
<td>4.9K</td>
<td>54</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$13.25</td>
<td>$13.15</td>
<td>$13.15</td>
<td>$95.00</td>
<td>$36.8K</td>
<td>41</td>
<td>0</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$6.6</td>
<td>$6.55</td>
<td>$6.56</td>
<td>$95.00</td>
<td>$35.3K</td>
<td>310</td>
<td>1.9K</td>
</tr>
</tbody>
</table>

<h3>About Starbucks</h3>
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
<h3>Current Position of Starbucks</h3>
<ul>
<li>With a trading volume of 5,944,905, the price of SBUX is up by 0.81%, reaching $96.9.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 42 days from now.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
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 Starbucks options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

SBUX

Smart Money Is Betting Big In SBUX Options

Investors with a lot of money to spend have taken a bearish stance on Abercrombie &amp; Fitch (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ANF, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 8 uncommon options trades for Abercrombie &amp; Fitch.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 62%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $135,154, and 4 are calls, for a total amount of $245,978.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $170.0 for Abercrombie &amp; Fitch over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Abercrombie &amp; Fitch'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 Abercrombie &amp; Fitch's whale trades within a strike price range from $130.0 to $170.0 in the last 30 days. 
<h3>Abercrombie &amp; Fitch 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726773888_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ANF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$9.9</td>
<td>$9.9</td>
<td>$9.9</td>
<td>$140.00</td>
<td>$105.0K</td>
<td>623</td>
<td style="text-align: right;">151</td>
</tr>
<tr>
<td>ANF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$8.8</td>
<td>$8.5</td>
<td>$8.6</td>
<td>$145.00</td>
<td>$66.2K</td>
<td>1.0K</td>
<td style="text-align: right;">189</td>
</tr>
<tr>
<td>ANF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.0</td>
<td>$9.7</td>
<td>$10.0</td>
<td>$140.00</td>
<td>$43.0K</td>
<td>623</td>
<td style="text-align: right;">66</td>
</tr>
<tr>
<td>ANF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$130.00</td>
<td>$39.2K</td>
<td>1.4K</td>
<td style="text-align: right;">112</td>
</tr>
<tr>
<td>ANF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$31.5</td>
<td>$28.2</td>
<td>$30.09</td>
<td>$170.00</td>
<td>$37.2K</td>
<td>13</td>
<td style="text-align: right;">13</td>
</tr>
</tbody>
</table>

<h3>About Abercrombie &amp; Fitch</h3>
Abercrombie &amp; Fitch Co is a specialty retailer that sells casual clothing, personal-care products, and accessories for men, women, and children. It sells direct to consumers through its stores and websites, which include the Abercrombie &amp; Fitch, Abercrombie kids, and Hollister brands. Most stores are in the United States, but the company does have many stores in Canada, Europe, and Asia. All stores are leased. Abercrombie ships to well over 100 countries via its websites. The company sources its merchandise from dozens of vendors that are primarily located in Asia and Central America. Abercrombie has two distribution centers in Ohio to support its North American operations. It uses third-party distributors for sales in Europe and Asia.
After a thorough review of the options trading surrounding Abercrombie &amp; Fitch, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Abercrombie &amp; Fitch Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 805,936, the ANF's price is up by 3.36%, now at $140.0. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 61 days.</li>
</ul>
<h3>What The Experts Say On Abercrombie &amp; Fitch</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $186.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Jefferies has decided to maintain their Buy rating on Abercrombie &amp; Fitch, which currently sits at a price target of $220. 
&#x2A; An analyst from Telsey Advisory Group persists with their Outperform rating on Abercrombie &amp; Fitch, maintaining a target price of $190. 
&#x2A; Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Outperform rating on Abercrombie &amp; Fitch with a target price of $208. 
&#x2A; An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Abercrombie &amp; Fitch, which currently sits at a price target of $147. 
&#x2A; An analyst from UBS persists with their Neutral rating on Abercrombie &amp; Fitch, maintaining a target price of $165. 
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 Abercrombie &amp; Fitch, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In ANF Options

iShares MSCI Israel Capped Investable Market Index Fund

ISRA

Lebanese Authorities Concluded That Detonated Communications Devices Were Implanted With Explosives Before Arriving In Lebanon; Found Exploding Communications Devices Were Detonated Via 'Electronic Messages'

Shares of Rivian Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) gained some 2.25% to $13.19 Thursday afternoon, following the Federal Reserve's unexpected decision Wednesday to cut interest rates by 50 basis points at its September Federal Open Market Committee (FOMC) meeting.
The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40941053/s-p-500-dow-jones-hit-record-highs-magnificent-7-add-400-billion-after-feds-histori">rate cut</a> lowers the federal funds rate to a range of 4.75% to 5%, marking the first cut in over four years and signaling a more aggressive monetary easing cycle than previously anticipated. 
This policy shift has major implications for Rivian, a leading <a href="https://www.benzinga.com/electric-vehicles">electric vehicle (EV)</a> manufacturer, and its investors, who are now more optimistic about the company's financial outlook and growth potential.
Lower Borrowing Costs to Drive Rivian's Expansion
As a capital-intensive company, Rivian relies heavily on external funding to scale its operations, build out production capacity, and develop new technologies. The larger-than-expected rate cut reduces Rivian's future borrowing costs, which is critical for a company still in its growth phase. 
Lower interest rates make it cheaper for Rivian to finance key initiatives, such as the expansion of its manufacturing facilities, particularly its flagship plant in Normal, Illinois, and the ramp-up of production for its R1T electric pickup truck and R1S SUV.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40932786/tesla-bull-explains-why-elon-musks-xai-is-critical-to-ev-makers-autonomous-ambition">Tesla Bull Explains Why Elon Musk&#8217;s xAI Is Critical To EV Maker&#8217;s Autonomous Ambitions</a>
With the Federal Reserve projecting more rate cuts in the coming years—bringing the federal funds rate down to 2.9% by 2026—Rivian stands to benefit from an extended period of favorable financing conditions. 
Lower capital costs improve the company's ability to fund large-scale investments in EV infrastructure and battery development, both of which are essential to maintain its competitive edge in the rapidly evolving EV market.
Increased Consumer Demand Expected for Rivian's EVs
Beyond Rivian's corporate financing, lower interest rates are expected to stimulate consumer demand for electric vehicles. With the cost of auto loans likely to decrease alongside the Fed's interest rate cuts, consumers may find it more affordable to purchase higher-priced EV models, like Rivian's R1T and R1S. 
As the EV industry grows and consumer preferences shift toward greener alternatives, Rivian is well-positioned to capture a larger share of the market.
In addition, lower interest rates could lead to a broader economic boost, potentially raising disposable income for consumers. This macroeconomic improvement aligns with Rivian's long-term goal of increasing sales volume and market penetration, especially as it scales production to meet growing demand.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40944143/wall-street-breaks-records-chipmakers-rally-tesla-hits-2-month-high-as-fed-cut-drives-risk">Wall Street Breaks Records, Chipmakers Rally, Tesla Hits 2-Month High As Fed Cut Drives Risk-On Mode: What&#8217;s Driving Markets Thursday?</a>
<h2 class="wp-block-heading">Is RIVN 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/RIVN">Rivian Automotive</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. Rivian Automotive 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.
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/RIVN">Rivian Automotive</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>, RIVN has a 52-week high of $24.87 and a 52-week low of $8.26.

RIVN

What's Going On With Rivian (RIVN) Stock?

SPOT

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Stablecoins have emerged as a significant force in the global financial landscape, reaching new heights in circulation and usage, according to a recent report <a href="https://benzinga.com/z/40879982">by Bernstein analysts</a>.
What Happened: The total supply of stablecoins has rebounded to an all-time high of $170 billion, with monthly settlement volumes tripling over the last 12 months to $1.4 trillion in July 2024. This growth underscores stablecoins&#8217; increasing importance in the crypto ecosystem and beyond.
&#8220;Stablecoins are becoming systemically important &#8211; now 18th largest holder of U.S treasury along with large sovereign holders,&#8221; the analysts noted. They highlighted stablecoins&#8217; role in providing USD savings access to international users and serving as the primary base currency for crypto trading.
Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) remains the dominant player with $120 billion in circulation, followed by Circle&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>) at $35 billion. The analysts attributed Tether&#8217;s lead to its integration with global offshore exchanges and cross-border payments usage in non-US markets.
Bernstein rated Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) an Outperform with a price target of $30 as it expects the platform to continue integrating stablecoins for crypto trading &amp; cross-border transfers. Robinhood has <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39204424/robinhood-announces-acquisition-of-crypto-exchange-bitstamp-in-200m-deal">recently acquired</a> the international crypto exchange Bitstamp.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40922909/revolut-plans-to-launch-stablecoin-crypto-is-part-of-our-belief-in-banking-without-borders">Revolut Plans To Launch Stablecoin: &#8216;Crypto Is Part Of Our Belief In Banking Without Borders&#8217;</a>
Why It Matters: Interestingly, stablecoin adoption appears to be decoupling from overall crypto market volatility. Monthly active wallets holding stablecoins have consistently risen to 22 million, despite fluctuations in trading volumes. This suggests growing usage beyond just crypto trading.
The report also highlighted the emergence of new players in the stablecoin space, including PayPal&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PYUSD</a>), which has reached nearly $1 billion in circulation since its launch.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) continues to dominate stablecoin transaction volume, accounting for about 45% of total transfers.
Perhaps most notably, the analysts found that younger demographics, particularly in emerging markets, are embracing stablecoins as a store of value. "20% of 18-24-year-olds (in emerging markets) hold 25-50% of their portfolio in stablecoins," the report stated, indicating a growing trend of using stablecoins as an alternative to local currencies.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40890517/trump-introduces-world-liberty-financial-aims-to-encourage-stablecoin-adoption-with-sons-l">Trump Introduces &#8216;World Liberty Financial,&#8217; Aims To Encourage Stablecoin Adoption With Sons Leading The Charge: &#8216;Crypto Is One Of Those Things We Have To Do&#8217;</a></li>
</ul>
Image: Shutterstock

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