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Okeanis Eco Tankers Corp

Elon Musk and Vivek Ramaswamy are to address the members of U.S. Congress on Thursday with regards to their plans for the Department of Government Efficiency (D.O.G.E), drawing the attention of the crypto community to Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>).
What Happened: Crypto trader Bluntz encouraged his followers to get positioned in "either DOGE", referring to Dogecoin and the D.O.G.E. meme coin on Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) ahead of Thursday&#8217;s discussion, hinting at the potential for significant price action following the event.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">youre going to want be positioned in either of the <a href="https://twitter.com/search?q=%24doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$doge</a>&#39;s by dec 5th imo, will circle back to this later <a href="https://t.co/Ec3ajjZeKW">https://t.co/Ec3ajjZeKW</a>
&mdash; Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1863786632278917451?ref_src=twsrc%5Etfw">December 3, 2024</a></blockquote>
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The D.O.G.E community anticipates this event to be a decisive moment, with implications for taxpayers and government efficiency. 
The discussion could potentially highlight divisions between those advocating for taxpayers' interests and those defending bureaucratic traditions.
The crypto community is buzzing with bullish speculation for the meme coins:
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> Be patient <a href="https://t.co/WSoIQvZCGb">pic.twitter.com/WSoIQvZCGb</a>
&mdash; Scofield (@Crypto_Scofield) <a href="https://twitter.com/Crypto_Scofield/status/1863970239156814127?ref_src=twsrc%5Etfw">December 3, 2024</a></blockquote>
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Influential trader Unipcs <a href="https://x.com/theunipcs/status/1863821579374780771">sees</a> catalysts for DOGE aligning, driven by the D.O.G.E narrative. He predicts the eventual surge will seem inevitable in hindsight.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42274989/dogecoins-insane-165-growth-in-november-is-just-the-first-candle-traders-speculate">Dogecoin&#8217;s &#8216;Insane&#8217; 165% Growth In November Is &#8216;Just The First Candle,&#8217; Traders Speculate</a>
Why It Matters: The upcoming discussion could serve as a major catalyst for both Dogecoin and D.O.G.E prices. In the past month, D.O.G.E has rallied 682.3%, outperforming Dogecoin's 182.9%, fueled by optimism surrounding Donald Trump's electoral prospects and their potential impact on the meme coins.
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<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>Department Of Government Efficiency (CRYPTO: D.O.G.E)</td>
<td>$0.3082</td>
<td>$301.8 million</td>
<td>+15%</td>
<td>+43.5%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.4084</td>
<td>$60 billion</td>
<td>-3%</td>
<td>+8.4%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Despite the bullish sentiment, Elon Musk recently hinted at uncertainty by reacting to Ramaswamy's tweet, stating that "D.O.G.E will delete itself."</figcaption></figure>
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The final step of <a href="https://twitter.com/DOGE?ref_src=twsrc%5Etfw">@DOGE</a> is to delete itself <a href="https://t.co/ZCj2NvHm1U">https://t.co/ZCj2NvHm1U</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1863666221301764462?ref_src=twsrc%5Etfw">December 2, 2024</a></blockquote>
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Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42247693/dogecoin-etf-coming-in-2025-i-think-someones-going-to-try-says-etf-analyst">Dogecoin ETF Coming In 2025? &#8216;I Think Someone&#8217;s Going To Try,&#8217; Says ETF Analyst</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

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$DOGE

$ETH

Dogecoin, D.O.G.E In The Limelight As Elon Musk, Vivek Ramaswamy To Address Congress Members On Thursday

MatterFi on Tuesday announced the launch of its decentralized financial platform, designed to secure digital transactions against phishing and other cyber threats while simplifying usability for enterprises and consumers. 
The launch follows a six-month beta phase aimed at testing the platform's capacity to provide secure and efficient financial operations.
The platform's Send-to-Name solution enables users to complete transactions without relying on traditional wallet addresses, replacing them with cryptographic proofs to mitigate risks such as phishing, hacking, SIM swaps, and money laundering. 
MatterFi's system eliminates the need for passwords or logins while maintaining privacy between transacting parties.
MatterFi supports integration with software wallets, hardware wallets and AI agents.
The infrastructure is chain-agnostic and adheres to AML/KYC requirements, with decentralized identities available for transactions. 
The platform also aims to improve accessibility, drawing on design principles found in traditional financial applications like PayPal and Revolut.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42299317/michael-saylor-says-microsoft-could-add-4-trillion-in-valuation-by-investing-in-bitcoin">Michael Saylor Says Microsoft Could Add $4 Trillion In Valuation By Investing In Bitcoin</a>
"Adoption of decentralized financial technologies has been slowed by concerns about security risks and complexity," said Michael "Mehow" Pospieszalski, MatterFi's founder. "We aim to address these concerns while enabling secure and compliant transactions."
The launch comes amid a rise in cyber threats targeting financial systems. 
A BBB Scam Tracker report indicates that phishing attacks increased by 150% in 2024, with 80% of scam targets losing funds. 
MatterFi's system is designed to address these vulnerabilities, which have been exacerbated by the growing integration of AI into financial operations.
By offering a security-focused infrastructure, MatterFi seeks to enable organizations to integrate decentralized technologies into their services while meeting regulatory requirements. 
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42296482/xrp-price-explodes-415-in-30-days-experts-analyze-why-xrp-is-going-up">XRP Price Explodes 415% In 30 Days: Experts Analyze Why XRP Is Going Up</a></li>
</ul>
Image: Shutterstock

MatterFi Introduces Infrastructure To Address Phishing, Cybersecurity Risks In Digital Finance

Art Cashin, Wall Street legend and UBS director of floor operations at the New York Stock Exchange, died on Monday <a href="https://www.benzinga.com/markets/24/12/42277474/wall-street-loses-iconic-voice-art-cashin-dies-at-83">at 83 years old.&nbsp;</a>
Cashin was a respected Wall Street fixture for more than 60 years and an enduring presence on CNBC for over 25 years. Cashin delivered daily stock market commentary in &#8220;Cashin&#8217;s Comments&#8221; in which he made complex market events and trends relatable to investors of all levels.
Bob Pisani, Cashin's friend and CNBC reporter, <a href="https://www.cnbc.com/2024/12/02/art-cashin-new-york-stock-exchange-fixture-for-decades-dies-at-age-83.html">described him</a> as "that rarest of creatures: a man respected by all, bulls and bears, liberals and conservatives alike" and "a great drinker and raconteur, a teller of stories."&nbsp;
Read More: <a href="https://www.benzinga.com/etfs/new-etfs/24/12/42270723/new-conservative-etf-aims-to-invest-in-sp-500-without-dei-were-going-to-deliver-that-mandate">New Conservative ETF Aims To Invest In S&amp;P 500 Without DEI: &#8216;We&#8217;re Going To Deliver That Mandate&#8217;</a>
Barry Ritholtz, chief investment officer of Ritholtz Wealth Management LLC, shared a story Cashin told over dinner about trading as tensions ran high during the Cuban Missile Crisis. Cashin said word was spreading that Russia had launched nuclear missiles towards the United States, which were due to strike in 11 minutes.&nbsp;
Cashin ran around the trading floor trying to sell short, but was unable to. Time passed without a missile strike and Cashin later told his boss about the events of the day. His boss told him that in the event of the end of the world, the proper trade is to go long.&nbsp;
"He asked his boss, ‘Why go long if the world is ending?' ‘It never does end,' his boss told him, and even if it does, ‘who are you going to settle the trade with?'" Ritholtz <a href="https://x.com/Ritholtz/status/1240358125359816704">recounted</a> while sharing Cashin's story.
Cashin seemed to have learned a valuable lesson from that boss and was later quoted giving similar advice.&nbsp;
&#8220;You never bet on the end of the world, that only happens once, and the odds of something that happens once in an eternity are pretty long,&#8221;&nbsp;Cashin said.&nbsp;
Here are more bits of humor and wisdom from Wall Street legend Art Cashin:&nbsp;
"If your birthday is coming and you hope for a pony, any gift makes you happy.&nbsp; But if you expect a pony, you better get a pony."
&#8220;Today is a waste of cab fare and a clean shirt," Cashin said on a low trading volume day.&nbsp;
"How do I like my steak? As long as it&#8217;s not through my heart, anyway is okay.&#8221;&nbsp;&nbsp;
&#8220;You do not survive in the business for 50 years if you do not find out where the exit signs are at the minute you enter a room,&#8221; Cashin said.&nbsp;
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42273676/walmart-target-bath-body-works-stand-out-as-black-friday-winners-analysts">Walmart, Target, Bath &amp; Body Works Stand Out As Black Friday Winners: Analysts</a></li>
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Photo: gary yim/Shutterstock.com

Markets

General

Art Cashin's Lessons: Cuban Crisis Trades To Timeless Wall Street Wit

Former SEC Commissioner Paul Atkins has surfaced as a top contender to succeed Gary Gensler as chair of the U.S. <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">Securities and Exchange Commission (SEC)</a>.
What Happened: With his reputation for regulatory pragmatism and extensive experience, Atkins is seen as a potential game-changer for the financial services industry, particularly for the crypto sector.
Atkins, founder and CEO of Patomak Global Partners, a consulting firm specializing in risk management and regulatory compliance, is reportedly hesitant to accept the role.
A source close to Atkins&nbsp;<a target="_blank" href="https://www.coindesk.com/policy/2024/12/03/trumps-top-sec-chair-pick-paul-atkins-reluctant-to-take-job-source" rel="noreferrer noopener">told</a>&nbsp;Coindesk that his reluctance stems from the significant effort required to reform what he sees as a bloated and mismanaged agency under Gensler's tenure.
His reluctance aligns with sentiments expressed by former Commodity Futures Trading Commission (CFTC) Chair Chris Giancarlo, who has<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42221726/crypto-dad-chris-giancarlo-advocates-for-passing-crypto-regulation-from-the-sec-to-another-commission-heres-why"> publicly advocated for Atkins</a> but previously declined to pursue the position himself.
"His breadth of experience, proven leadership, as well as commitment to innovation should bring a balanced and forward-thinking culture back to the Commission," said George Georgiades, General Counsel at Borderless.xyz, speaking to Benzinga.
"We look forward to engaging with him to collaboratively develop a clear and effective regulatory framework that supports innovation."
Atkins was recently seen at Trump's Mar-a-Lago resort, where sources suggest he participated in interviews for the role over the weekend.
His past tenure as an SEC commissioner from 2002 to 2008, under President George W. Bush, and his subsequent work at Patomak have cemented his standing within conservative financial circles.
During his time at the SEC, he worked closely with Mark Uyeda and Hester Peirce, who now serve as commissioners and are also being considered for the role.
Atkins' potential appointment comes at a critical juncture for the SEC. Under Gensler, the agency faced criticism for its enforcement-heavy approach to cryptocurrency regulation, creating uncertainty in a rapidly evolving market.
Industry leaders are hopeful that Atkins' leadership could foster a more collaborative regulatory environment.
Paul Atkins is a conservative, a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42221293/donald-trump-eyes-former-sec-comissioner-paul-atkins-as-gary-genslers-successor">former SEC commissioner</a> and proponent for regulatory clarity in crypto, Joe McCann, founder and CEO of Asymmetric told Benzinga.
He further highlighted that Atkins was the first Libertarian to ever serve in the SEC which very much aligns with most Bitcoin and crypto proponents. Atkins appointment will bring &#8220;common sense&#8221; to crypto regulations but actually providing it, something the industry has been asking the SEC of for years now, McCann said.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42299317/michael-saylor-says-microsoft-could-add-4-trillion-in-valuation-by-investing-in-bitcoin">Michael Saylor Says Microsoft Could Add $4 Trillion In Valuation By Investing In Bitcoin</a>
What&#8217;s Next: Atkins' decision to accept the role may hinge on his ability to ensure the continuity of his consulting firm.
Sources suggest he would only step away from Patomak once it is well-positioned to operate without his direct involvement.
Atkins' connections within conservative circles also add weight to his candidacy.
He is reportedly on friendly terms with Scott Bessent, founder of Key Square Group and President-elect Donald Trump's pick for Treasury Secretary.
These relationships could enhance coordination across financial policy initiatives under <a href="https://www.benzinga.com/24/12/42269038/crypto-faces-regulatory-shift-as-gensler-exits-and-trump-prepares-to-overhaul-sec-approach">the new administration</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42291096/coinbase-ceo-brian-armstrong-the-us-government-should-never-sell-bitcoin">Coinbase CEO Brian Armstrong: &#8216;The US Government Should Never Sell Bitcoin&#8217;</a></li>
</ul>
Photo: Shutterstock

Paul Atkins Reportedly Tapped For SEC Chair Under Trump Administration

WIIM

NBIS

Nebius Group shares are trading higher following bullish comments on the stock from Citron Research.

General Motors Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) shares are trading lower on Tuesday. They may also be breaking support.
Stocks that break support tend to head lower and that could be the case here. This is why our team of technical analysts have made it our Stock of the Day.
Some analysts don't understand technical analysis. They try to identify patterns on charts without understanding the price action that causes them to form.
If understood and applied correctly, technical analysis is the study of supply and demand in a market.
If a stock is trending lower, there isn't enough demand, or buy orders, to absorb all of the supply, or sell orders. As a result, investors and traders who wish to sell are forced to offer their shares at a discount to draw buyers into the market.
This forces the shares into a downtrend.
When a stock drops to a support level, the situation changes. There is enough demand to absorb all of the supply. People can sell as many shares as they wish without worrying about pushing the price lower.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03144950/GM.12.2024-1024x569.png" alt="" class="wp-image-675234" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03144950/GM.12.2024-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03144950/GM.12.2024-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03144950/GM.12.2024-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03144950/GM.12.2024.png 1459w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/24/12/42291861/trumps-tariff-plan-risks-economic-pain-for-north-america-goldman-sachs-warns">Trump&#8217;s Tariff Plan Risks Economic Pain For North America, Goldman Sachs Warns</a>
As you can see on the chart, the $55 level has been well-defined support for General Motors since the beginning of November. But this support may be breaking.
If a stock trades below what had been support, traders say the support has been &#8220;broken.&#8221; This isn't just symbolic. It illustrates an important market dynamic.
It shows that the investors and traders who created the support with their buy orders are gone. They have finished or canceled their orders. Either way, they have left the market.
With this large amount of demand or buy orders out of the way, the stage could be set for a new downtrend to form. In order to draw buyers back into the market, traders will once again be forced to offer their shares at a discount to get buyers interested.
This is why stocks tend to head lower after support levels are broken. A new downtrend may be forming in <a href="https://www.benzinga.com/quote/GM">General Motors</a>.
Read Next: • <a href="https://www.benzinga.com/markets/24/12/42283241/gm-to-sell-stake-in-michigan-battery-plant-to-jv-partner-for-nearly-1b">GM To Sell Stake In Michigan Battery Plant To JV Partner For Nearly $1B</a>

Photo: Shutterstock

Technicals

Trading Ideas

Stock Of The Day: Is General Motors Headed Lower?

As we head into the New Year, it is usually customary to look ahead and make all sorts of confident predictions about how the stock market will do, how the economy will fare, and exactly what investors should do.
I cannot imagine a greater waste of my time or yours.
Especially this year.
We have a new administration coming to Washington, and none of them has any idea how their proposals made on the election trail will play out.
The market is trading at very high valuations based on earnings, projected earnings charts, cash flow, asset values, and other metrics you might use.
Every barometer suggests that a lost decade of low return is an increasingly high probability.
Be that as it may, the stock market is in an uptrend and has been in an uptrend for over eighteen months now, with the exception of the final week of October 2023.
Despite the warnings from the various valuation barometers of rough water ahead, there is no cloud in the sky and zero indications that the near-constant buying pressure will soon abate.
Elevated geopolitical tensions and highly confident predictions mean the economy and financial markets will have even less value than usual.
Instead of joining the parade of fools making pointless predictions, I will spend the next four weeks bringing you growth, value, and income stocks that have the potential for outsized profits and are well under the radar.
This week, we will start December off with a bang and give you three growing companies that are not followed by many Wall Street analysts and are under-owned by institutions.
The jury is still out on Argentina&#8217;s future under President Javier Milei. The world is still far from convinced that Milei&#8217;s libertarian and confrontational approach to governing will result in a thriving economy.
They forgot to tell the folks at Banco BBVA Argentina SA (Ticker: BBAR). The bank&#8217;s results have been steadily improving, and the bank has been reporting solid results.
Earnings and revenues are growing by over 30% annually, and the handful of analysts paying any attention to Argentinian banks expect that to continue for at least five more years.
Returns, assets, and equity are moving steadily higher, and operating efficiency has also been improving.
The bank is the leading provider of digital banking products and services in Argentina.
It has also been working to deliver services to the underbanked population, offering products like prepaid debit cards that allow them convenient access to the banking system.
The company is starting to attract institutional buying interest but is still trading at a reasonable valuation.
Right now, the shares of BBVA Argentina are trading at about 10 times earnings.
The dividend is declared and paid twice a year based on current profits and has been growing steadily over the last few years.
Nobody is paying attention to Dynagas LNG Partners LP (Ticker: DLNG).
There are no analysts publishing rankings or recommendations, and the institutions does not own that much stock.
It does not help that the company is structured as an MLP will produce a K1 for tax purposes.
As the Instant Experts of the Internet have made clear repeatedly, K1s are never worth the hassle, no matter how much money you make.
Fortunately, we are not instant experts, and we should focus more on how much money could be made than on what tax form may be required to report our profits.
Dynagas owns 6 Liquified Natural Gas (LNG) carriers on long-term leases.
Currently, 100% of the fleet is committed through 2026.
As of this moment, the average lease has about 6 years remaining.
Five of the six ships are Ice Class and can trade in the frozen regions of the world, which will be of critical importance as the global LNG market continues to grow.
Back in 2019, the company eliminated the dividend to conserve capital.
Since then, Dynagas has improved its balance sheet, and business has steadily improved.
In the most recent quarter, the board decided that the business was now sufficiently strong and stable. They not only announced the reinstatement of the dividend but also decided to take advantage of the current value to buy back up to $10 million of stock over the next year.
That would be almost 6% of the company.
If the dividend holds at this level for the next three quarters, the yield will be about 4.2%.
Dynagas LNG is already seeing steady improvement in profits and cash flows.
Thanks to general neglect and disdain, the shares have languished and now trade at about half to tangible book value and less than five times free cash flow.
The tailwinds from fast-growing LNG demand should help push the stock much higher over the next few years.
Not many analysts follow Merchants Bancorp (Ticker: MBIN), but those love the fast-growing bank and expect the stock price to move a lot higher than the current quote.
Given that those price targets were produced before the tailwinds of the bank-friendly Trump administration became evident, it is clear that although the idea of a bank headquartered in the booming metropolis of Carmel, Indiana, may not be exciting, the profit potential could be stunning.
The bank is growing credit problems are minimal, and they have plenty of capital.
Revenues and earnings have grown by more than 30% over the past five years.
The bank has been successfully reinvesting profits, improving its net worth by about 30% annually.
The bank only has 6 branches, but its total assets are over $18 billion.
Merchants has a unique business model. It focuses on multifamily lending and provides mortgage warehouse credit lines to independent mortgage banks. As measured by returns on assets and equity, Merchants has consistently been one of the most profitable banks in the country.
In spite of this, the shares trade at less than 8 times earnings. Given the outlook of the banking industry in 2025, this could be one of the best growth stocks in your portfolio next year.

Opinion

BBAR

DLNG

MBIN

Under the Radar: Silent Giants Beyond Wall Street

On Monday, Amazon Web Services (AWS) and Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) announced an <a target="_blank" href="https://www.benzinga.com/24/12/42270388/marvell-and-aws-deepen-collaboration-on-cloud-and-ai-solutions-driving-stock-surge-ahead-of-q3-earnings" rel="noreferrer noopener">expanded relationship for</a> AI and data connectivity products.
The five-year &#8220;multi-generational&#8221; agreement covers multiple AWS products and cloud infrastructure, developing the strategic relationship.
Leveraging its silicon technologies, Marvell will provide AWS with a &#8220;broad range&#8221; of data center semiconductors, including custom AI products (AWS Trainium2.0 custom AI ASIC), optical digital signal processors (DSPs), active electrical cable (AEC) DSPs, data center interconnect (DCI) optical modules, and Ethernet switching silicon solutions.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42289269/taiwan-semiconductor-supplier-asml-remains-unscathed-from-bidens-latest-semiconductor-embargo-on-china" rel="noreferrer noopener">Taiwan Semi Supplier ASML Reiterates Outlook As Biden&#8217;s Latest Semiconductor Embargo On China Kicks In</a>
Marvell will also leverage AWS compute infrastructure capabilities to give engineering teams more excellent infrastructure resources and flexibility to handle dynamic compute requirements and accelerate time-to-market for new products.
Bank Of America Securities analyst Justin Post maintained a Buy rating on Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) with a price target of $230.
Post noted that a more profound, longer-term deal would likely incentivize Marvell to invest in custom chip development for AWS.
The expanded partnership likely reflects strong demand for AWS&#8217;s custom-designed Trainium2.0 chips produced with Marvell, as production will likely ramp up in the fourth quarter.
Analyst Post noted that &#8220;faster ASIC ramp on better AWS Trainium2.0 and Google Axion demands&#8221; is driving Marvell&#8217;s revenue upside potential, with Marvell&#8217;s custom silicon revenue (mainly from AWS) proliferating throughout 2024 (custom silicon revenue is a share of Marvell&#8217;s Data Center Revenue that has nearly doubled).
The Amazon Marvell partnership expansion could also help alleviate some AWS dependence on supply-constrained Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) chips long-term, as Amazon CEO Jassy noted at earnings that AWS has &#8220;more demand than we could fulfill&#8221; due to chip capacity.
However, the AWS mix of Marvell and Trainium is still tiny compared to Nvidia.
Based on Nvidia and Marvell data center revenue disclosures, Post estimated Amazon will likely spend $1 billion—$2 billion on Marvell chips in 2024, compared to over $20 billion on Nvidia chips (Nvidia&#8217;s data center revenue per Bloomberg is ~$113 billion for fiscal 2025, year ending January 2025, so AWS at $20 billion would be less than 20% share).
AWS made several other announcements before the annual Re:Invent conference kickoff.
Oracle Database@AWS is now available in limited preview form. It will be broader in the coming months as the two companies continue to partner and offer additional Oracle Database services.
AWS overhauled the cloud contact center solution with new Generative AI solutions. Luxury automaker Lotus chose AWS as Its Preferred Cloud Provider for its self-driving development.
Orbital Materials and AWS entered a strategic partnership to develop and pilot tech for data center carbon removal, chip cooling, and water utilization.
With the Gen-AI cycle renewing customer demand for innovation, Post expects an eventful Re:Invent conference this week, with incremental announcements on partnerships across Gen-AI infrastructure, access and deployment of new foundational models, and new AI-powered applications.
Price Action: AMZN stock is up 1.01% at $212.83 at last check Tuesday.
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Photo by Sundry Photography via Shutterstock

Price Target

Reiteration

Analyst Ratings

Tech

AMZN

MRVL

NVDA

Amazon Web Services Mix Of Marvell And Trainium Still Trails Nvidia: Analyst

We&#8217;ve been offering some mid-term analysis for main <a href="https://www.benzinga.com/topic/cannabis-stock">cannabis stocks</a> and now it&#8217;s High Tide&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) turn. The occasion couldn&#8217;t be better, since the stock recently <a href="https://www.benzinga.com/24/12/42279343/nasdaq-listed-weed-stock-hiti-surges-over-21-in-the-last-two-sessions">surged 21%</a> in the previous rounds.
This price jump signals a bullish resurgence for the cannabis-focused retailer. Trading around $3.55 as of Monday Dec. 2, the company's shares have seen a notable upward trend, buoyed by high trading volumes and critical resistance level breakthroughs.
Let&#8217;s take a closer look.
<h3 class="wp-block-heading">Volume Drives Breakout</h3>
Recent trading sessions have been characterized by a sharp increase in volume, with 856,995 shares traded during the most recent rally. High trading volumes often signify strong investor interest, and for High Tide, this increase has aligned with significant price milestones. This volume surge underscores a shift in market sentiment, reflecting heightened confidence in the stock's potential.
The breakout above the $2.58 resistance level &#8211; a point previously tested and rejected in May -marks a turning point.
After consolidating over the summer months, High Tide's stock gained enough momentum to overcome resistance in late October, turning it into a new support level. The sustained move above $2.58 shows strong underlying demand.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="383" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132555/Captura-de-pantalla-2024-12-03-a-las-15.25.45-1024x383.png" alt="" class="wp-image-675086" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132555/Captura-de-pantalla-2024-12-03-a-las-15.25.45-1024x383.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132555/Captura-de-pantalla-2024-12-03-a-las-15.25.45-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132555/Captura-de-pantalla-2024-12-03-a-las-15.25.45-768x287.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132555/Captura-de-pantalla-2024-12-03-a-las-15.25.45-1536x574.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132555/Captura-de-pantalla-2024-12-03-a-las-15.25.45.png 1864w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart <a href="https://pro.benzinga.com/dashboard">created using Benzinga Pro</a>
Read Also: <a href="https://www.benzinga.com/24/11/42196285/aurora-cannabis-stock-analysis-key-levels-and-trading-opportunities">Aurora Cannabis Stock Analysis: Key Levels And Trading Opportunities</a>
<h3 class="wp-block-heading">Testing And Breaking Key Levels</h3>
The rally didn't stop there. High Tide's stock tested another major resistance around $3.00–$3.10 during November, successfully pushing past it to reach its current trading range. At $3.55, the stock is now facing its next challenge, with Fibonacci retracement levels suggesting $3.58 as a critical threshold. 
Should it break and hold above this level, potential targets are $4.00 and $4.50 considering the 2021 price action, but since there&#8217;s been <a href="https://www.benzinga.com/topic/cannabis-regulation">a lot of changes since then</a> and the cannabis sector has <a href="https://www.benzinga.com/markets/cannabis/24/03/37917873/viridian-chart-of-the-week-is-consolidation-increasing-in-cannabis">consolidated</a>, the stock price action looking forward might behave as price discovery.
<h3 class="wp-block-heading">RSI Indicates Overbought Conditions</h3>
While the stock's momentum is evident, Relative Strength Index (RSI) warns of possible short-term pullbacks on the daily chart. With an RSI of 75.62, High Tide's stock is already at overbought territory, suggesting a cooling-off period may be on the horizon. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="413" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132727/Captura-de-pantalla-2024-12-03-a-las-15.27.20-1024x413.png" alt="" class="wp-image-675088" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132727/Captura-de-pantalla-2024-12-03-a-las-15.27.20-1024x413.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132727/Captura-de-pantalla-2024-12-03-a-las-15.27.20-300x121.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132727/Captura-de-pantalla-2024-12-03-a-las-15.27.20-768x310.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132727/Captura-de-pantalla-2024-12-03-a-las-15.27.20-1536x620.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/03132727/Captura-de-pantalla-2024-12-03-a-las-15.27.20.png 1724w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Chart <a href="https://pro.benzinga.com/dashboard">created using Benzinga Pro</a>
However, the elevated RSI also highlights strong buying interest, which could limit any corrections to shallow dips.
<h3 class="wp-block-heading">Market Outlook For High Tide</h3>
Looking ahead, traders should look at the $3.55–$3.58 resistance zone for signs of a sustained breakout. 
Again, High volumes during upward price movements suggest that the current rally is backed by solid market interest. The stock has been on an upward trend since April, something shared by other <a href="https://www.benzinga.com/markets/cannabis/24/11/42127287/whats-happening-with-canopy-growth-is-it-time-to-buy">cannabis stocks</a>, as fundamentals seem to be backing the rise on prices.
2021 all-time highs seem far away still while the market is drawing a renovation circle with redefined resistances and supports. As for the later, $3.00 and $2.58 serve as crucial support levels, with any break below these potentially dampening the bullish trend.
Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. You can&#8217;t afford to miss out if you're serious about the business.
<h3 class="wp-block-heading">Investment Considerations</h3>
For short-term traders, High Tide&#8217;s ongoing momentum presents an opportunity to ride the upward wave, with tight stop-loss orders recommended to manage risk. 
Long-term investors may consider accumulating shares on pullbacks, particularly if the stock finds support at $3.00 or $2.58. The company's recent performance reflects resilience making it an interesting case for both retail and institutional investors.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/11/42127287/whats-happening-with-canopy-growth-is-it-time-to-buy">What&#8217;s Happening With Canopy Growth: Is It Time To Buy?</a></li>
</ul>
Cover: AI generated image/Benzinga Pro

Cannabis

Mid Cap

HITI

NASDAQ-Listed High Tide Under The Magnifying Glass: Key Insights For Cannabis Investors

President-elect Donald Trump and Canadian Prime Minister Justin Trudeau&#8216;s meeting last week about planned tariffs on Canada was said to be productive, but it could put several Canadian sectors <a href="https://www.benzinga.com/general/market-summary/24/11/42212364/trumps-tariff-threat-to-canada-may-disrupt-oil-markets-inflate-prices-would-likely-raise-the-price-of-fuels-says-analyst">on high alert.</a>
What Happened: Trudeau flew to Mar-a-Lago to <a href="https://www.benzinga.com/media/24/11/42252924/canadian-pm-justin-trudeau-warns-trumps-25-tariff-plan-will-hurt-americans-at-high-stakes-dinner">meet with Trump</a>, and the two political leaders ate dinner and discussed several key topics before Trump's January inauguration.
The meeting took place after Trump promised to impose 25% tariffs on Canada when he was sworn into office.
Trudeau told Trump the tariffs would hurt Canada's economy, according to sources at the dinner table, <a href="https://www.foxnews.com/politics/trump-suggests-canada-become-51st-state-after-trudeau-said-tariff-would-kill-economy-sources">per </a>Fox News.
The tariffs are being placed on Canada and Mexico due to illegal immigrants and illegal drugs flowing from those countries to the United States.
Sources said Trump was direct regarding his conversation with Trudeau, telling the Canadian leader that his country has failed to protect the border. Trump also wants to eliminate the trade deficit with Canada, estimated to be around $100 billion, according to the sources.
"So your country can't survive unless it's ripping off the US to the tune of $100 billion?" Trump reportedly said to Trudeau about the trade deficit.
The report said that if Canada can't survive with the requirements of protecting the border and fixing the trade deficit, Trump suggested that the neighboring country could become the 51st state instead.
Trudeau and others at the table nervously laughed at the suggestion, with Trump reportedly adding that the title of prime minister is better than governor. As the meeting concluded, talks between Trump and Trudeau were said to have been "very positive."
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent120324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Why It's Important: The report said Trump told Trudeau he expected changes to be made ahead of his January inauguration, or the tariffs would be placed on Canada on his first day in office.
A tariff on Canada could impact several sectors, including some of the top exporters to the United States. Crude oil, petroleum gas, vehicles, car parts, machinery, turbines, plastics, pharmaceuticals, metals and agricultural products are among the top exported items from Canada to America, as <a href="https://www.washingtonpost.com/business/2024/11/26/what-us-imports-canada-mexico-china-trump-tariffs/">reported </a>by the Washington Post.
Large Canadian oil companies Suncor Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SU#NYSE">SU</a>), Enbridge (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENB#NYSE">ENB</a>), Canadian Natural Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) and TC Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRP#NYSE">TRP</a>) could face significant impacts from the tariffs and a potential blow to the sector.
Railway company Canadian Pacific Kansas City Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) and trucking companies Old Dominion Freight Line (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) and Knight-Swift Transportation Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) could also be impacted by the tariffs and the negative impact on trade between the United States and Canada.
Canadian ETFs like the iShares MSCI Canada Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>), JPMorgan BetaBuilders Canada ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/BBCA#BATS">BBCA</a>), Franklin FTSE Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLCA#NYSE">FLCA</a>) and Invesco CurrencyShares Canadian Dollar Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXC#NYSE">FXC</a>) could also be impacted by the potential trade war.
Canada is the second-largest trade partner with the United States, with $418 billion in goods imported from Canada in 2023 and $354 billion in goods exported to the country.
Goldman Sachs economists predict that Canada's gross domestic product<a href="https://www.benzinga.com/24/12/42291861/trumps-tariff-plan-risks-economic-pain-for-north-america-goldman-sachs-warns" target="_blank" rel="noopener"> could decline</a> by as much as 4% if Trump&#8217;s 25% tariff plan is enacted. The plan could also hurt the U.S. GDP, the analysis said.
"A large increase in tariffs on North American imports would entail significant economic costs, particularly for Canada and Mexico," Goldman Sachs economists said.
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</ul>
Photo: Shutterstock

Specialty ETFs

Politics

Global

ETFs

BBCA

FLCA

ODFL

Trump Told Trudeau Canada Could Dodge Tariffs As 51st State: Which Sectors Could Be Hit

Deep-pocketed investors have adopted a bullish approach towards Tempus AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</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 TEM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Tempus AI. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 15% leaning bullish and 15% bearish. Among these notable options, 8 are puts, totaling $387,493, and 5 are calls, amounting to $142,650.
<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 $40.0 to $90.0 for Tempus AI over the recent three months. 
<h3>Analyzing 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 Tempus AI's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Tempus AI's substantial trades, within a strike price spectrum from $40.0 to $90.0 over the preceding 30 days.
<h3>Tempus AI 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733255155_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$27.8</td>
<td>$27.4</td>
<td>$27.4</td>
<td>$80.00</td>
<td>$76.1K</td>
<td>1.0K</td>
<td align="right">108</td>
</tr>
<tr>
<td>TEM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/13/24</td>
<td>$3.9</td>
<td>$3.2</td>
<td>$3.6</td>
<td>$52.00</td>
<td>$72.0K</td>
<td>1</td>
<td align="right">203</td>
</tr>
<tr>
<td>TEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$26.3</td>
<td>$25.4</td>
<td>$26.3</td>
<td>$80.00</td>
<td>$70.4K</td>
<td>1.0K</td>
<td align="right">62</td>
</tr>
<tr>
<td>TEM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/13/24</td>
<td>$36.3</td>
<td>$34.7</td>
<td>$34.7</td>
<td>$90.00</td>
<td>$48.5K</td>
<td>5</td>
<td align="right">14</td>
</tr>
<tr>
<td>TEM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/03/25</td>
<td>$12.2</td>
<td>$9.6</td>
<td>$10.89</td>
<td>$60.00</td>
<td>$32.6K</td>
<td>1</td>
<td align="right">30</td>
</tr>
</tbody>
</table>

<h3>About Tempus AI</h3>
Tempus AI Inc is a technology company. It has built the Tempus Platform, which comprises both a technology platform to free healthcare data from silos and an operating system to make the resulting data useful. Its Intelligent Diagnostics use AI, including generative AI, to make laboratory tests more accurate, tailored, and personal.
Following our analysis of the options activities associated with Tempus AI, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Tempus AI</h3>
<ul>
<li>With a trading volume of 1,110,618, the price of TEM is down by -10.82%, reaching $56.13.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 76 days from now.</li>
</ul>
<h3>Expert Opinions on Tempus AI</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $67.5.
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 Stifel downgraded its action to Hold with a price target of $65. 
&#x2A; In a cautious move, an analyst from Piper Sandler downgraded its rating to Neutral, setting a price target of $70. 
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 Tempus AI options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Spotlight on Tempus AI: Analyzing the Surge in Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on Royal Caribbean Gr.
Looking at options history for Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $338,561 and 12, calls, for a total amount of $1,659,416.
<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 $150.0 to $330.0 for Royal Caribbean Gr over the recent three months. 
<h3>Volume &amp; Open Interest Development</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 Royal Caribbean Gr's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Royal Caribbean Gr's substantial trades, within a strike price spectrum from $150.0 to $330.0 over the preceding 30 days.
<h3>Royal Caribbean Gr Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733255150_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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$72.45</td>
<td>$70.8</td>
<td>$71.63</td>
<td>$175.00</td>
<td>$358.1K</td>
<td align="right">604</td>
<td align="right">100</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$72.25</td>
<td>$71.05</td>
<td>$71.05</td>
<td>$175.00</td>
<td>$355.1K</td>
<td align="right">604</td>
<td align="right">150</td>
</tr>
<tr>
<td>RCL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$70.55</td>
<td>$70.0</td>
<td>$70.55</td>
<td>$175.00</td>
<td>$352.7K</td>
<td align="right">604</td>
<td align="right">50</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$11.8</td>
<td>$11.35</td>
<td>$11.85</td>
<td>$185.00</td>
<td>$118.5K</td>
<td align="right">1</td>
<td align="right">100</td>
</tr>
<tr>
<td>RCL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.45</td>
<td>$7.25</td>
<td>$7.25</td>
<td>$240.00</td>
<td>$110.2K</td>
<td align="right">573</td>
<td align="right">154</td>
</tr>
</tbody>
</table>

<h3>About Royal Caribbean Gr</h3>
Royal Caribbean is the world's second-largest cruise company, operating 68 ships across five global and partner brands in the cruise vacation industry. Brands the company operates include Royal Caribbean International, Celebrity Cruises, and Silversea. The company also has a 50% investment in a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. The selection of brands in the portfolio allows Royal to compete on the basis of innovation, quality of ships and service, variety of itineraries, choice of destinations, and price. The company completed the divestiture of its Azamara brand in 2021.
In light of the recent options history for Royal Caribbean Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Royal Caribbean Gr's Current Market Status</h3>
<ul>
<li>With a trading volume of 642,785, the price of RCL is up by 0.24%, reaching $247.0.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 58 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Royal Caribbean Gr</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $268.0.
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 Bernstein downgraded its action to Outperform with a price target of $290. 
&#x2A; An analyst from Truist Securities persists with their Buy rating on Royal Caribbean Gr, maintaining a target price of $272. 
&#x2A; Consistent in their evaluation, an analyst from Tigress Financial keeps a Buy rating on Royal Caribbean Gr with a target price of $270. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Royal Caribbean Gr, targeting a price of $240. 
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 Royal Caribbean Gr with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Royal Caribbean Gr's Options Market Dynamics

Deep-pocketed investors have adopted a bearish approach towards Coupang (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</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 CPNG 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 Coupang. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 23% leaning bullish and 76% bearish. Among these notable options, 4 are puts, totaling $211,177, and 13 are calls, amounting to $613,461.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $35.0 for Coupang over the last 3 months. 
<h3>Insights into 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 Coupang'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 Coupang's whale trades within a strike price range from $20.0 to $35.0 in the last 30 days. 
<h3>Coupang Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733255145_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>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$2.58</td>
<td>$2.3</td>
<td>$2.3</td>
<td>$25.00</td>
<td>$114.7K</td>
<td>484</td>
<td>663</td>
</tr>
<tr>
<td>CPNG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.24</td>
<td>$1.18</td>
<td>$1.18</td>
<td>$24.00</td>
<td>$104.7K</td>
<td>1.2K</td>
<td>895</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.04</td>
<td>$1.0</td>
<td>$1.0</td>
<td>$35.00</td>
<td>$99.9K</td>
<td>5.9K</td>
<td>1.5K</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$1.0</td>
<td>$0.95</td>
<td>$0.99</td>
<td>$25.00</td>
<td>$49.8K</td>
<td>2.3K</td>
<td>1.6K</td>
</tr>
<tr>
<td>CPNG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$0.49</td>
<td>$0.41</td>
<td>$0.42</td>
<td>$25.00</td>
<td>$48.2K</td>
<td>8.1K</td>
<td>7.3K</td>
</tr>
</tbody>
</table>

<h3>About Coupang</h3>
Coupang is South Korea's largest e-commerce platform that sells both owned and third-party inventory. Headquartered in the us, Coupang operates e-commerce businesses mainly in South Korea and Taiwan. The company has built an integrated logistics network that covers the entirety of South Korea, with extensive fulfillment centers that ensure timely delivery, even for orders placed seconds before midnight. Outside of its bread-and-butter e-commerce business, Coupang has expanded into provision of its Rocket delivery services to third-party merchants (fulfillment and logistics by Coupang), online grocery delivery Rocket Fresh, online meal delivery (Eats), e-commerce in Taiwan, luxury e-commerce (Farfetch), and travel.
After a thorough review of the options trading surrounding Coupang, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Coupang Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 27,728,386, with CPNG's price down by -3.58%, positioned at $23.96.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 84 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 Coupang, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

CPNG

Coupang's Options Frenzy: What You Need to Know

Mainz Biomed N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNZ#NASDAQ">MYNZ</a>) announced a 1-for-40 <a href="https://www.benzinga.com/pressreleases/24/11/g42243811/mainz-biomed-announces-stock-split" target="_blank" rel="noreferrer noopener">reverse stock split</a>, effective Dec. 3. The company specializes in the early detection of cancer.
Last month, Mainz Biomed reported a collaborative agreement with Thermo Fisher Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) through its subsidiary Life Technologies Corporation.
The collaboration agreement will enable Mainz Biomed and Thermo Fisher to jointly develop and potentially commercialize Mainz Biomed&#8217;s Next Generation colorectal <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/g41900924/mainz-biomed-and-thermo-fisher-scientific-sign-a-collaboration-agreement-for-the-development-of-ne" rel="noreferrer noopener">cancer screening product</a>.
The collaboration will harness Thermo Fisher&#8217;s technologies, instrumentation and information translation systems to enable Mainz Biomed to develop proprietary assays for its mRNA-based next-generation colorectal cancer screening tests.
Mainz Biomed&#8217;s flagship non-invasive test targets the early detection of colorectal cancer and focuses on precancerous lesions, particularly advanced adenomas.
The collaboration will leverage combined capabilities to deliver testing solutions being developed at Mainz Biomed&#8217;s laboratories in Mainz, Germany.
Guido Baechler, CEO of Mainz Biomed, said: &#8220;This collaboration with Thermo Fisher will be instrumental to our goal to bring to market a home collection colorectal screening tool with highly effective detection of adenomas.&#8221;
In October, Mainz Biomed reported a 4% increase in revenue and a 32% decrease in operational losses for the first half of 2024. These decreases result from the company&#8217;s efforts to reduce costs during the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41425438/mainz-biomed-reports-mid-year-2024-financial-results-and-provides-corporate-update" rel="noreferrer noopener">first half of the year</a>.
The company announced significant improvements to its ColoAlert&nbsp;product, which is available across Europe and in select international markets.
The company says that the new proprietary buffer used in ColoAlert&nbsp;significantly reduces the necessity for additional sample submissions, thereby decreasing how long it takes patients to obtain their results.
This enhancement enabled ColoAlert&nbsp;to achieve the industry&#8217;s lowest retesting rates, ensuring that screening outcomes are delivered within two to three days of arrival at the laboratory.
Price Action: MYNZ stock is down 13.09% at $6.93 at publication Tuesday.
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Photo: Shutterstock

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Ulta Beauty's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NYSE">ULTA</a>) short percent of float has risen 10.4% since its last report. The company recently reported that it has 2.72 million shares sold short, which is 7.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Ulta Beauty Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1733254222_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Ulta Beauty has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Ulta Beauty's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Ulta Beauty's peer group average for short interest as a percentage of float is 12.05%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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