P2 Gold (OTC:PGLDF) Stock, Quote.Headers.trade-ideas

P2 Gold Inc is a mineral exploration company engaged in the acquisition, exploration and development of mineral resource properties primarily in British Columbia, Canada and the western United States. Its property portfolio includes the Silver Reef Property, Gabbs Project, Lost Cabin Property and others.

P2 Gold Inc

Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) shares are trading higher on Tuesday. The bank appointed two executives to spearhead a new initiative aimed at integrating its investment banking and <a href="https://www.benzinga.com/topic/wealth-management">wealth management divisions</a>.
The bank targets increased asset growth and deal opportunities, as <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-09-16/bofa-names-leaders-to-better-align-investment-bank-wealth-units?sref=TBDibEcD" rel="noreferrer noopener">reported </a>Bloomberg.
Jim Rourke and Michael Liu have been appointed to lead the newly named Private Client Partnership Development.
Read: <a href="https://www.benzinga.com/markets/equities/24/09/40729471/bank-of-america-makes-largest-ever-investments-in-carbon-capture-bets-205m-on-a-cleaner-planet-r" target="_blank" rel="noreferrer noopener">Bank Of America Makes Largest-Ever Investments In Carbon Capture, Bets $205M On A Cleaner Planet</a>
Brendan Hanley and Sam Kumar, co-heads of emerging growth and regional coverage, stated that Rourke and Liu will focus on sell-side M&amp;A opportunities to "increase the quality of actionable mandates and growth of managed assets,".
This month, the bank announced a bold wage hike, driving its minimum hourly rate&nbsp;to $24 and<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40792082/whats-going-on-with-bank-of-america-stock-on-tuesday" rel="noreferrer noopener"> edging closer to a $25 goal by 2025</a>.
This increase will raise the minimum annual salary for full-time U.S. employees to almost $50,000 and applies to all full-time and part-time hourly roles.
Investors can gain access to the stock via&nbsp;First Trust Nasdaq Bank ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXO#NASDAQ">FTXO</a>)&nbsp;and&nbsp;Invesco KBW Bank ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KBWB#NASDAQ">KBWB</a>).
Price Action: BAC shares are up 0.30% at $39.22 premarket at the last check Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40886945/if-fed-cuts-interest-rates-credit-card-aprs-are-still-going-to-be-high-for-now-econ" target="_blank" rel="noreferrer noopener">If Fed Cuts Interest Rates, Credit Card APRs &#8216;Are Still Going To Be High&#8217; For Now, Economist Says</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Large Cap

News

Management

FTXO

KBWB

Bank Of America Appoints Executives To Lead New Venture: Report

Ginkgo Bioworks Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNA#NYSE">DNA</a>) shares are surging Tuesday after the company announced the launch of its new protein large language model (LLM) <a href="https://www.benzinga.com/pressreleases/24/09/n40896611/ginkgo-bioworks-launches-new-protein-llm-and-model-api-built-on-google-cloud-technology">built on Google Cloud</a>.
What Happened: Ginkgo Bioworks has introduced a pair of new offerings aimed at making it easier for pharmaceutical and biotech companies to develop new medicines. 
The company&#8217;s protein large language model, built in collaboration with Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google Cloud Consulting, will give individual researchers and enterprise companies the ability to develop medicines with insights from Ginkgo&#8217;s private data. 
&#8220;Ginkgo&#8217;s new protein LLM and open API mark a major step forward in making advanced AI tools accessible for drug discovery and biological research,&#8221; said Chris Sakalosky, vice president of strategic industries at Google Cloud.
Ginkgo Bioworks also announced the launch of its model API, designed to deliver biological AI models directly to machine learning scientists. The company noted that the new API is publicly available on&nbsp;its website as of Tuesday.
Check This Out: <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40897882/retail-sales-rise-0-1-in-august-more-than-expected-boosting-odds-of-larger-fed-ra">Retail Sales Rise 0.1% In August, More Than Expected, Boosting Odds Of Larger Fed Rate Cut</a>
&#8220;I&#8217;m excited to see how the community builds on top of these models and our API. AA-0 is the first model we have released trained on Ginkgo&#8217;s proprietary data – we&#8217;re opening it to data scientists and bioinformaticians so they can build new models and applications on top,&#8221; said Jason Kelly, CEO of Ginkgo Bioworks.
&#8220;We believe that the low cost for tokens and our other customer-friendly terms, like the lack of royalties, and our commitment to not re-use customer data, will allow users to build tools like iterative protein design programs that call our protein generation API or to use our embedding API to compute features for a clustering algorithm.&#8221;
Ginkgo said it plans to roll out more models and expand API capabilities over the next year as it works towards building a robust suite of tools to help biotech and pharmaceutical companies solve complex problems.
DNA Price Action: <a href="http://benzinga.com/quote/DNA">Ginkgo Bioworks shares</a> were up 16.7% at $7.26 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Movers

GOOG

Ginkgo Bioworks Stock Is Rallying Tuesday: Here's Why

Whales with a lot of money to spend have taken a noticeably bearish stance on General Motors.
Looking at options history for General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 45% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $210,940 and 6, calls, for a total amount of $375,791.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $35.0 and $55.0 for General Motors, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for General Motors options trades today is 2486.25 with a total volume of 1,284.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for General Motors's big money trades within a strike price range of $35.0 to $55.0 over the last 30 days.
<h3>General Motors 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726586178_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>GM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$14.85</td>
<td>$14.55</td>
<td>$14.7</td>
<td>$35.00</td>
<td>$147.0K</td>
<td>4.1K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$3.5</td>
<td>$3.45</td>
<td>$3.45</td>
<td>$45.00</td>
<td>$69.0K</td>
<td>3.2K</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$11.6</td>
<td>$10.2</td>
<td>$11.6</td>
<td>$55.00</td>
<td>$59.1K</td>
<td>109</td>
<td style="text-align: right;">82</td>
</tr>
<tr>
<td>GM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$7.45</td>
<td>$7.35</td>
<td>$7.45</td>
<td>$42.00</td>
<td>$55.1K</td>
<td>2.0K</td>
<td style="text-align: right;">130</td>
</tr>
<tr>
<td>GM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$11.6</td>
<td>$10.2</td>
<td>$11.6</td>
<td>$55.00</td>
<td>$44.0K</td>
<td>109</td>
<td style="text-align: right;">169</td>
</tr>
</tbody>
</table>

<h3>About General Motors</h3>
General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its us market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021. 2023's share was 16.5%. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. It restarted service in 2024 but not in California. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.
Having examined the options trading patterns of General Motors, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of General Motors</h3>
<ul>
<li>With a volume of 2,529,475, the price of GM is up 2.15% at $47.88. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 35 days.</li>
</ul>
<h3>What Analysts Are Saying About General Motors</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $43.0.
<ul>
<li>An analyst from Wells Fargo has decided to maintain their Underweight rating on General Motors, which currently sits at a price target of $33. </li>
<li>An analyst from Deutsche Bank downgraded its action to Hold with a price target of $53. </li>
</ul>
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 General Motors with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

What the Options Market Tells Us About General Motors

Investors with a lot of money to spend have taken a bullish stance on AST SpaceMobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</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 ASTS, 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 15 uncommon options trades for AST SpaceMobile.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 46%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $237,500, and 10 are calls, for a total amount of $710,540.
<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 $10.0 to $45.0 for AST SpaceMobile over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for AST SpaceMobile's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across AST SpaceMobile's significant trades, within a strike price range of $10.0 to $45.0, over the past month.
<h3>AST SpaceMobile Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726586173_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>ASTS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$16.9</td>
<td>$16.2</td>
<td>$16.5</td>
<td>$15.00</td>
<td>$165.0K</td>
<td>6.9K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$14.0</td>
<td>$12.6</td>
<td>$12.7</td>
<td>$45.00</td>
<td>$127.0K</td>
<td>1.2K</td>
<td style="text-align: right;">403</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$14.0</td>
<td>$12.6</td>
<td>$12.7</td>
<td>$45.00</td>
<td>$127.0K</td>
<td>1.2K</td>
<td style="text-align: right;">202</td>
</tr>
<tr>
<td>ASTS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$11.8</td>
<td>$11.6</td>
<td>$11.8</td>
<td>$25.00</td>
<td>$118.0K</td>
<td>442</td>
<td style="text-align: right;">105</td>
</tr>
<tr>
<td>ASTS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$15.3</td>
<td>$14.8</td>
<td>$14.8</td>
<td>$35.00</td>
<td>$74.0K</td>
<td>5.7K</td>
<td style="text-align: right;">63</td>
</tr>
</tbody>
</table>

<h3>About AST SpaceMobile</h3>
AST SpaceMobile Inc is a satellite designer and manufacturer. The company is building a cellular broadband network in space to operate directly with standard, unmodified mobile devices, and off-the-shelf mobile phones based on extensive IP and patent portfolio. It has focused on eliminating the connectivity gaps faced by mobile subscribers and finally bringing broadband to the billions who remain unconnected. The Company's spaceMobile Service is being designed to provide cost-effective, high-speed Cellular Broadband services to end-users who are out of terrestrial cellular coverage using existing mobile devices.
Having examined the options trading patterns of AST SpaceMobile, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of AST SpaceMobile</h3>
<ul>
<li>Trading volume stands at 5,259,160, with ASTS's price down by -0.68%, positioned at $29.64.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 56 days.</li>
</ul>
<h3>Professional Analyst Ratings for AST SpaceMobile</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $48.3.
<ul>
<li>Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for AST SpaceMobile, targeting a price of $36. </li>
<li>Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on AST SpaceMobile with a target price of $63. </li>
<li>An analyst from Scotiabank has decided to maintain their Sector Outperform rating on AST SpaceMobile, which currently sits at a price target of $45. </li>
</ul>
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 AST SpaceMobile, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

ASTS

Decoding AST SpaceMobile's Options Activity: What's the Big Picture?

Whales with a lot of money to spend have taken a noticeably bullish stance on Walt Disney.
Looking at options history for Walt Disney (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $325,495 and 14, calls, for a total amount of $1,137,541.
<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 $90.0 to $120.0 for Walt Disney over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Walt Disney stands at 2962.27, with a total volume reaching 16,082.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Walt Disney, situated within the strike price corridor from $90.0 to $120.0, throughout the last 30 days.
<h3>Walt Disney 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726586167_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>DIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$5.6</td>
<td>$5.4</td>
<td>$5.5</td>
<td>$105.00</td>
<td>$550.0K</td>
<td>2.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$3.25</td>
<td>$3.15</td>
<td>$3.15</td>
<td>$90.00</td>
<td>$132.3K</td>
<td>1.7K</td>
<td>6</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.3</td>
<td>$5.25</td>
<td>$5.25</td>
<td>$100.00</td>
<td>$78.7K</td>
<td>1.5K</td>
<td>19</td>
</tr>
<tr>
<td>DIS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$0.07</td>
<td>$0.05</td>
<td>$0.06</td>
<td>$98.00</td>
<td>$54.0K</td>
<td>521</td>
<td>9.0K</td>
</tr>
<tr>
<td>DIS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$8.55</td>
<td>$8.45</td>
<td>$8.55</td>
<td>$100.00</td>
<td>$50.4K</td>
<td>2.5K</td>
<td>204</td>
</tr>
</tbody>
</table>

<h3>About Walt Disney</h3>
Disney operates in three global business segments: entertainment, sports, and experiences. Entertainment and experiences both benefit from franchises and characters the firm has created over the course of a century. Entertainment includes the ABC broadcast network, several cable television networks, and the Disney+ and Hulu streaming services. Within the segment, Disney also engages in movie and television production and distribution, with content licensed to movie theaters, other content providers, or, increasingly, kept in-house for use on Disney's own streaming platform and television networks. The sports segment houses ESPN and the ESPN+ streaming service. Experiences contains Disney's theme parks and vacation destinations, and also benefits from merchandise licensing.
<h3>Where Is Walt Disney Standing Right Now?</h3>
<ul>
<li>With a trading volume of 2,036,843, the price of DIS is up by 1.25%, reaching $93.0.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 50 days from now.</li>
</ul>
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 Walt Disney, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Check Out What Whales Are Doing With DIS

Tuesday&#8217;s <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40897882/retail-sales-rise-0-1-in-august-more-than-expected-boosting-odds-of-larger-fed-ra">retail sales report for August</a> indicates that the U.S. economy is doing pretty well, but the Federal Reserve is still expected to cut rates on Wednesday to avoid making the same mistakes as one of its predecessors, an economist says.
&#8220;If the Fed doesn&#8217;t initiate its easing cycle with 50-basis points surely a 25-basis point move will be enveloped by a dovish tone and offers the Fed the flexibility and gradualism in the event inflation remains even slightly elevated,&#8221; said Quincy Krosby, chief global strategist for LPL Financial.
&#8220;Make no mistake about it, Chair Powell doesn&#8217;t want at any level to be branded a latter-day Arthur Burns and perhaps that&#8217;s what motivates the Fed&#8217;s direction tomorrow.&#8221;
Burns, America&#8217;s 10th Fed chairman from 1970 to 1978, has been remembered for letting inflation run rampant.
The strategist said that while retail spending &#8220;remains on solid footing,&#8221; the Fed has to consider how its higher-for-longer approach on rates has put pressure on lower-wage earners and lower-middle-income workers.
&#8220;Small business owners similarly have been dealing with bank loans reflecting higher rates,&#8221; she said.
Read Also: <a href="https://www.benzinga.com/24/08/40396952/retail-sales-numbers-were-a-blowout-versus-consensus-but-economists-predict-fed-will-still-cut-rates">Retail Sales Numbers &#8216;Were A Blowout Versus Consensus,&#8217; But Economists Predict Fed Will Still Cut Rates</a>
Retail Takeaways
Retail sales in the U.S. improved more than forecasted by 0.1% month-over-month in August but ebbed considerably from July&#8217;s upwardly revised growth, making the case for a smaller interest rate cut when the Federal Reserve meets on Wednesday.
<ul>
<li>Retail sales rose 0.1% month-over-month in August, exceeding TradingEconomics' consensus of a 0.2% decline.</li>
<li>July's retail sales growth was upwardly revised from 1% to 1.1%.</li>
<li>Year-over-year retail sales slowed from the upwardly revised 2.9% in July to 2.1% in August.</li>
<li>Excluding motor vehicles and parts, sales grew by 0.1% from July to August to come in below July&#8217;s 0.4% growth and an forecasted 0.2% uptick.</li>
<li>After taking out gasoline, motor vehicles and parts, sales rose by 0.2% from July to August, easing from the 0.4% gain in July and under the expected 0.3%</li>
</ul>
There is a 67% chance of a 50-basis-point rate cut, compared to a 33% likelihood of a smaller 25-basis-point cut, according to the CME FedWatch Tool.
The Fed is &#8220;dealing with mixed signals&#8221; as they face Wednesday&#8217;s rate-cut decision as the economy shows resilience despite early signs of labor market weakness, said Jeffrey Roach, chief economist for LPL Financial.
&#8220;The Fed may end up falling behind the curve again if they rely too much on stale data and not enough on the forward-looking outlook.&#8221;
The drop in gas prices in August and September is boosting consumer sentiment and should boost spending on other goods and services, said Bill Adams, chief economist for Comerica Bank.
&#8220;Consumer spending is holding up in aggregate, held up by higher income households whose spending is less affected by month-to-month changes in the cost of a dozen eggs or a gallon of milk,&#8221; he said.
&#8220;Another cohort supporting the economy is Americans who own the same houses they lived in in 2021, 2014, or 2004. They are much less affected by shelter inflation than renters or those who've bought more recently,&#8221; Adams added.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40883023/how-second-tier-economic-data-tuesday-could-sway-the-feds-rate-decision-it-will-be-">How Second-Tier Economic Data Tuesday Could Sway The Fed&#8217;s Rate Decision: It &#8216;Will Be A Trading Catalyst&#8217;</a></li>
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 Image created using artificial intelligence via Midjourney.

Econ #s

Federal Reserve

Retail Spending 'Remains On Solid Footing,' But Fed Must Weigh Rate Cuts' Impact On Workers, Says Economist

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Capricor Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) with a Buy and maintains $40 price target.

Price Target

Reiteration

Analyst Ratings

CAPR

HC Wainwright & Co. Reiterates Buy on Capricor Therapeutics, Maintains $40 Price Target

Oppenheimer analyst Scott Schneeberger reiterates RXO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RXO#NYSE">RXO</a>) with a Outperform and maintains $31 price target.

Oppenheimer Reiterates Outperform on RXO, Maintains $31 Price Target

Macro Economic Events

Global

Economics

iShares MSCI Israel Capped Investable Market Index Fund

Lebanon's Hezbollah Says It Is Investigating The Reasons Of Pagers' Detonations

Trading Ideas

RZLV

Rezolve AI Shares Resumed Trade

HC Wainwright &amp; Co. analyst Edward White reiterates Cullinan Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) with a Buy and maintains $28 price target.

CGEM

HC Wainwright & Co. Reiterates Buy on Cullinan Therapeutics, Maintains $28 Price Target

WIIM

Jefferies Financial shares are trading higher after UBS initiated coverage on the stock with a Buy rating and announced a $67 price target.

Rezolve AI Shares Halted On Circuit Breaker To The Downside, Stock Now Up 15.4%

- Reuters Citing Two Security Sources

Hezbollah Fighter, Son Of Hezbollah MP, Killed In Pager Detonation In First Confirmed Death In Blasts

HC Wainwright &amp; Co. analyst Raghuram Selvaraju reiterates Aclaris Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRS#NASDAQ">ACRS</a>) with a Neutral.

ACRS

HC Wainwright & Co. Reiterates Neutral on Aclaris Therapeutics

On Friday, Japan&#8217;s Ministry of Finance released a <a href="https://www.mof.go.jp/english/policy/international_policy/fdi/Related_Guidance_and_Documents/20240913.html" target="_blank" rel="noreferrer noopener">list</a> of 88 companies that serves as a guide for foreign investors.
The so-called &#8220;Classification List&#8221; under the Foreign Exchange and Foreign Trade Act (FEFTA) is meant to assess if companies must submit a prior notification when making inward direct investments or engaging in equivalent activities with Japanese-listed companies.
Initially released in May 2020, this update marks the sixth revision to the list. Along with other additions, the list included the much-talked-about Seven &amp; i Holdings Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDF#OTC">SVNDF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDY#OTC">SVNDY</a>).
See Also: <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40897882/retail-sales-rise-0-1-in-august-more-than-expected-boosting-odds-of-larger-fed-ra">Retail Sales Rise 0.1% In August, More Than Expected, Boosting Odds Of Larger Fed Rate Cut</a>
Earlier this month, 7-Eleven store operator&nbsp;Seven &amp; i rejected a takeover offer from&nbsp;Alimentation Couche-Tard Inc.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANCTF#OTC">ANCTF</a>), saying the deal&nbsp;<a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40833437/7-eleven-owner-rejects-takeover-offer-shareholders-are-peeved-will-couche-tard-raise-bid" rel="noreferrer noopener">undervalues the company</a>.
However, the Canadian store operator Alimentation Couche-Tard remains interested in&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40765790/circle-k-owner-couche-tard-pursues-talks-with-7-11-operator-seven-i-after-38-5b-bid-rejected" rel="noreferrer noopener">the $39 billion deal</a>&nbsp;to bring the Japanese convenience store company under its roof.
The Japanese convenience store operator has received a &#8216;Core Business&#8217; rating. This refers to specific industries designated from the viewpoint of national security, etc., in public notice.
The Reuters report highlighted Japan Finance Minister Shunichi&nbsp;Suzuki&#8217;s take, stating that the classification may not hinder the proposed $39 billion buyout.
Previously classified as non-core, with the updated classification Seven &amp; i might be positioning itself to fend off a possible takeover attempt, the report added.
Citing a Japanese official, Reuters added that Japanese companies have traditionally been less attractive targets for M&amp;A. However, initiatives like this are gaining positive reception, particularly as Japan seeks to boost foreign direct investment. The Couche-Tard deal would also bolster Japan&#8217;s position in the global market.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Image: Unsplash

Government

General

ANCTF

SVNDF

SVNDY

7-Eleven Store Operator Seven & i Reclassified Under Japan's Investment Rules: What Does It Mean For $39B Couche-Tard Deal?

$MATIC

COIN

Coinbase Global Says Aware That Some Users May Be Experiencing Delayed Sends And Receives For Polygon (Matic)

JP Morgan analyst Samik Chatterjee maintains Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Overweight and lowers the price target from $230 to $210.

QCOM

JP Morgan Maintains Overweight on Qualcomm, Lowers Price Target to $210

Lockheed Martin Says Sikorsky Receives FAA Certification For Life Extension Of S-92A Main Gear Box Housing

Needham analyst Gil Blum reiterates Rocket Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKT#NASDAQ">RCKT</a>) with a Buy and maintains $52 price target.

RCKT

Needham Reiterates Buy on Rocket Pharmaceuticals, Maintains $52 Price Target

P2 Gold (TSE:PGLD) has released an update. P2 Gold Inc. has significantly boosted the projected production at their Gabbs Gold-Copper Project in Ne...

P2 Gold Enhances Gabbs Project Outlook

P2 Gold (TSE:PGLD) has released an update. Eskay Mining Corp. and P2 Gold Inc. have announced their intention to merge, with the aim to enhance gol...

Eskay Mining and P2 Gold Announce Merger Plans

P2 Gold (TSE:PGLD) has released an update. P2 Gold Inc. and Eskay Mining Corp. have announced the deployment of exploration teams to the Eskay-Core...

P2 Gold and Eskay Begin Joint Exploration

P2 Gold (TSE:PGLD) has released an update. Eskay Mining Corp and P2 Gold Inc have mutually decided to call off their previously announced business ...

Eskay Mining and P2 Gold Cancel Merger Plan

P2 Gold (TSE:PGLD) has released an update. P2 Gold Inc. has chosen to pay the interest due on its Convertible Debentures by issuing common shares t...

P2 Gold Converts Debenture Interest into Shares

P2 Gold (TSE:PGLD) has released an update. P2 Gold Inc. has filed a technical report detailing the Preliminary Economic Assessment for their Gabbs ...

P2 Gold Advances Nevada Gabbs Project

P2 Gold announces interest payment on convertible debentures

P2 Gold (TSE:PGLD) has released an update. P2 Gold Inc. has fulfilled its obligation to pay interest on its convertible debentures by issuing commo...

P2 Gold Issues Shares for Debenture Interest

P2 Gold (TSE:PGLD) has released an update. P2 Gold Inc. is planning to undertake a private financing round aiming to raise up to $500,000 by offeri...

P2 Gold Targets $500K in Private Placement Offering

P2 Gold (TSE:PGLD) has released an update. P2 Gold Inc. has upsized its non-brokered private placement from 10 million units to 18 million, closing...

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