Premier Investments (OTC:PMAUF) Stock, Quote.Headers.trade-ideas

Premier Investments operates six specialty retail fashion chains in Australia and New Zealand. Its most prolific fashion brand is Peter Alexander, which started expanding internationally. Premier owns and operates the unique Smiggle brand, retailing children's stationery in Australia and overseas markets. Premier is a significant shareholder in Australia-listed companies narrow-moat Breville Group and no-moat Myer. Premier is likely to materially restructure within the next 12 months. A strategic review is assessing a potential merger of its five core apparel brands with department store Myer.

PREMIER INVESTMENTS LTD by Premier Investments Ltd.

Premier Investments Ltd

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Guidance

PSNY

Polestar Reports Delivery Of 11,900 Cars In Q3 And 32,300 Deliveries Year-to-end September

ROCK

Gibraltar Revises FY24 Outlook As Solar Industry Headwinds Continue To Impact Renewables Business; Residential Market Slowdown Continues In H2

Florida has just been hit by two tropical storms, Hurricanes <a href="https://www.benzinga.com/personal-finance/24/10/41268906/elon-musks-260-billion-empire-will-now-charge-helene-victims-400-for-internet-are-we-seeing-expl">Helene</a> and Milton. The storms left devastation in their wake, but there's more to be wary of after the storms.&nbsp;
In the aftermath of these storms, price gouging and scams have become rampant, adding to the stress of those trying to recover. It&#8217;s important to stay vigilant during these challenging times to protect yourself from those trying to take advantage of an already terrible situation.&nbsp;
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</ul>
Here's what you need to know about <a href="https://www.benzinga.com/news/24/08/40467624/harris-price-gouging-plan-faces-pushback-from-grocers-hurting-from-the-same-inflationary-pressure-as">price gouging</a> and scammers and how to safeguard your finances.
<h2 class="wp-block-heading">Price Gouging: Know the Signs</h2>
Price gouging typically occurs when businesses raise prices for essential goods and services to unreasonable levels during emergencies. This can include items like bottled water, gas, food and hotel rooms.&nbsp;
For example, North Carolina Attorney General Josh Stein posted on X that his office received over 100 price-gouging complaints following Hurricane Helene, particularly related to fuel, groceries, and accommodation costs.&nbsp;
Similarly, Florida's Attorney General Ashley Moody extended the state's price-gouging hotline following Hurricane Milton to ensure residents had a means to report these unfair practices.
<hr class="wp-block-separator has-alpha-channel-opacity" />
Trending: Studies show 50% of consumers think Financial Advisors cost much more than they do —<a href="https://www.benzinga.com/money/money-pickle"> to debunk this, this company provides matching for free and a complimentary first call with the matched advisor.</a>
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What constitutes price gouging?
In most states with <a href="https://www.benzinga.com/news/24/08/40387906/kamala-harris-plans-historic-federal-ban-on-corporate-price-gouging-in-food-and-grocery-industries">anti-price gouging laws</a>, price gouging is defined as an excessive or unfair increase in the price of necessary goods during a state of emergency.&nbsp;
Florida Law bans the "unconscionable increase in the price of essential commodities during a declared State of Emergency." In South Carolina, prices are considered gouged when they &#8220;grossly exceed&#8221; what was charged for the same item within 30 days before the emergency.
If you suspect price gouging, start by directly addressing the issue with the business. Politely ask about the price difference and if the business refuses to adjust it, take a picture of the product and price as evidence. You can then report it to your state attorney general's office. In Florida, you can call 1-866-9NO-SCAM to file a complaint.
<hr class="wp-block-separator has-alpha-channel-opacity" />
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<h2 class="wp-block-heading">Avoiding Post-Storm Scams</h2>
Unfortunately, price gouging isn't the only financial threat following a natural disaster. Scam artists quickly take advantage of the chaos, often posing as representatives from agencies like FEMA, <a href="https://www.benzinga.com/markets/equities/24/10/41240852/back-to-back-hurricanes-batter-floridas-insurance-market-stocks-to-watch">insurance companies</a> or even fake contractors offering repair services.&nbsp;
These scammers may demand full payment upfront or request sensitive personal or financial information, which can lead to identity theft. One common scam is fraudulent contractors offering to fix homes or provide tree removal services.&nbsp;
Always verify a contractor's credentials through resources like the Better Business Bureau to avoid falling victim to these schemes. Avoid paying cash upfront and consult with your insurance company before making any repairs.
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<h2 class="wp-block-heading">Charity Scams</h2>
For those outside of Florida who want to contribute and help those in need, it's important to understand that scammers may target you too. Unfortunately, scammers exploit this goodwill by setting up fake charities or crowdfunding campaigns.&nbsp;
Make sure that your donation goes to a legitimate cause by verifying the organization on sites like CharityNavigator.org or Give.org. Be cautious of any donation requests made over the phone or through social media, as these are often unverified.
<hr class="wp-block-separator has-alpha-channel-opacity" />
Trending: Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a>
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<h2 class="wp-block-heading">Protect Yourself</h2>
Here are a few practical steps to avoid falling victim to price gouging or scams:
<ul>
<li>Research Before Buying or Donating: Use trusted resources to verify businesses or charities.</li>
<li>Document Evidence: If you suspect price gouging, take photos or keep receipts as evidence.</li>
<li>Consult Authorities: Report any suspected fraud or price gouging to your state attorney general's office.</li>
<li>Be Wary of Unsolicited Offers: Avoid giving personal information to unsolicited callers or individuals offering services door-to-door.</li>
<li>Check Vehicle Histories: If purchasing a used car after the storm, verify its history through VINCheck or Carfax to avoid buying a flood-damaged vehicle.</li>
</ul>
Natural disasters are hard enough without having to worry about financial exploitation. By staying informed and vigilant, you can protect yourself and your community from post-storm scams and price gouging.
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<li><a href="https://www.benzinga.com/money/irs-finalizes-10-year-rule-adv">IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things &#8216;Even More Insanely Complicated&#8217;</a></li>
<li>A billion-dollar investment strategy with minimums as low as $10 —<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> you can become part of the next big real estate boom today.</a></li>
</ul>

Personal Finance

Price Gouging And Scams On The Rise Following Hurricanes Helene And Milton - How To Protect Yourself

Piper Sandler analyst Yasmeen Rahimi maintains Edgewise Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) with a Overweight and raises the price target from $48 to $51.

Price Target

Analyst Ratings

EWTX

Piper Sandler Maintains Overweight on Edgewise Therapeutics, Raises Price Target to $51

Piper Sandler analyst Brian Mullan maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Neutral and raises the price target from $56 to $59.

Piper Sandler Maintains Neutral on Chipotle Mexican Grill, Raises Price Target to $59

Investment giant&nbsp;BlackRock, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) shares are trading higher after the company <a target="_blank" href="https://s24.q4cdn.com/856567660/files/doc_financials/2024/Q3/BLK-3Q24-Earning-Release.pdf" rel="noreferrer noopener">reported&nbsp;</a>third-quarter results.
Revenue growth of 15% Y/Y to $5.197 billion, beating the consensus of $5.007 billion. Investment advisory, administration fees, and securities lending revenues increased to $4.030 billion from $3.681 billion a year ago, led by positive organic base fee growth and the impact of market beta on average AUM.
Technology services revenue decreased to&nbsp;$403 million from&nbsp;$407 million the prior year, primarily due to the impact of several large client renewals of eFront &#8220;on-premises&#8221; licenses.
BlackRock stated that the net inflow stood at $221 billion in the quarter, resulting in a 5% organic base fee growth. Adjusted operating income rose 26% Y/Y to $2.13 billion, with the margin expanding to 45.8% from 42.3% a year ago.
Adjusted EPS increased&nbsp;5% Y/Y to&nbsp;$11.46,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$10.38.</a>
Total AUM stood at $11.5 trillion, up $2.4 trillion year-over-year, driven by net inflows of $456 billion and positive market movements.
Related: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41286451/blackrock-gears-up-for-q3-print-here-are-the-recent-forecast-changes-from-wall-streets-most-accurat" rel="noreferrer noopener">BlackRock Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street&#8217;s Most Accurate Analysts</a>
BlackRock repurchased shares worth $375 million in the quarter. This month, the company closed the acquisition of Global Infrastructure Partners (GIP), adding $116 billion in client assets under management (AUM) and <a href="https://www.benzinga.com/pressreleases/24/10/b41117533/blackrock-completes-acquisition-of-global-infrastructure-partners" target="_blank" rel="noreferrer noopener">$70 billion in fee-paying AUM</a>.
Laurence D. Fink, Chairman and CEO, said, &#8220;Through coordinated investments and initiatives, we are evolving our private markets capabilities to best serve our clients. We&#8217;re already seeing the power of BlackRock and GIP together as we drive access to the enormous investment potential of infrastructure, especially to support AI innovation.&#8221;
&#8220;Our relentless focus on clients, growth mindset, and willingness to evolve has generated a compounded annual total return of over 20% for our shareholders since our IPO 25 years ago, well in excess of broader markets.&#8221;
Investors can gain exposure to the stock via&nbsp;Fidelity Disruptive Finance ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDFF#NASDAQ">FDFF</a>) and&nbsp;Capitol Series Trust The Nightview Fund NITE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NITE#NYSE">NITE</a>).
Price Action: BLK shares are up 1.46% at $969.50 premarket at the last check Friday.
Photo by rafapress on Shutterstock
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</ul>

Earnings

Equities

Large Cap

Movers

FDFF

NITE

BlackRock's Steady Climb: Q3 Earnings Beat Projections, Assets Under Management Soars To $11.5T

Goldman Sachs analyst Brooke Roach reinstates VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) with a Neutral and announces $20 price target.

Initiation

Goldman Sachs Reinstates Neutral on VF, Announces $20 Price Target

B of A Securities analyst Neel Mitra upgrades Kinder Morgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) from Neutral to Buy and raises the price target from $23 to $27.

Upgrades

B of A Securities Upgrades Kinder Morgan to Buy, Raises Price Target to $27

Baird analyst Colin Sebastian maintains eBay (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) with a Outperform and raises the price target from $62 to $70.

EBAY

Baird Maintains Outperform on eBay, Raises Price Target to $70

The completion of the merger process will include a reverse AGBA stock split to remain in compliance with Nasdaq rules in connection with the merger. The reverse split is expected to take effect after the close of business on or about October 14, 2024.

AGBA

AGBA, Triller Expect Merger To Close On October 14, 2024 Subject To Final Nasdaq Approval

<ul>
<li>Treatment with denifanstat achieved statistically significant and clinically meaningful improvements in disease activity, MASH resolution and fibrosis.</li>
<li>Results support advancement of denifanstat into Phase 3 development</li>
</ul>

Biotech

Health Care

General

SGMT

Sagimet Biosciences Says Phase 2B FASCINATE-2 Trial Results Of Denifanstat Versus Placebo In Metabolic-dysfunction Associated Steatohepatitis Patients With Stage 2 Or Stage 3 Fibrosis Were Published In The Lancet Gastroenterology & Hepatology

BRKR

Bruker Announced The Formation Of A New Division, Bruker Spatial Biology Bringing Together In The Two Businesses Of NanoString Technologies And Canopy Biosciences, Along With Its Subsidiary Bruker Spatial Genomics (Formerly Acuity Spatial Genomics)

The company projects the softness in&nbsp;China&nbsp;will persist through the remainder of 2024.

A. O. Smith Reports Preliminary Q3 EPS Of $0.82 (Est $0.95), Decrease Of 9% Y/Y

A. O. Smith Cuts FY24 EPS Guidance From $3.95 - $4.10 To $3.70 - $3.85, Est $4.06

Buybacks

JPMorgan CEO Dimon Says 'On share repurchases, given that market levels are at least slightly inflated, we maintain our modest pace of buybacks, although we reserve the right to adjust this at any time'

A. O. Smith Reports Preliminary Q3 Sales Of $903M (Est $957.73M), Down 4% Y/Y, Due To Lower Sales In China And North America Water Heating

U.S. index futures point to a modestly lower opening on Friday as traders hope for better tidings on the wholesale prices front. Thursday&#8217;s<a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41270761/september-inflation-hotter-than-expected-jobless-claims-spike-the-most-in-over-a-"> slightly hotter-than-expected consumer price inflation data</a> kept sentiment subdued throughout the session before the major averages closed modestly lower. Following the inflation data, Harris Financial Group Managing Partner Jamie Cox said, &#8220;Disinflation continues, but anyone who thought the Fed was going to lower rates by another .50 basis points in November is dead wrong.&#8221;
&#8220;When interest rates aren't high enough to lower growth, they aren't high enough to stifle inflation completely either. &nbsp;The Fed will lower rates, but at a measured pace from here,&#8221; he added.
Tesla, Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Robotaxi event failed to kickstart a rally in the stock. JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is set to kickstart big bank earnings this season and its earnings are seen as a barometer of how healthy the sector is.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.32%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.19%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.16%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.43%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged down 0.10% to $575.53 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) moved down 0.20% to $491.60, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
With inflation readings coming slightly ahead of expectations across the board and jobless claims jumping to the highest in over a year due to Hurricane Helene, stocks opened Thursday&#8217;s session lower. The reports sent bond yields surging higher. 
The 30-stock Dow Jones Industrial Average languished in the red throughout the session, while the tech-heavy Nasdaq Composite Index and the broader S&amp;P 500 Index remained below the flat for the bulk of the day. 
In the process, the Dow and the S&amp;P 500 Index pulled back from their record highs. 
All but three of the S&amp;P 500 sector classes ended in the red, with the holdouts being energy, IT and material stocks,
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.05%</td>
<td>18,282.05</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>0.21%</td>
<td>5,780.05</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-0.14%</td>
<td>42,454.12</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.55%</td>
<td>2,188.42</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
LPL Chief Technical Strategist Adam Turnquist weighed in on the bull market, which is completing two years on Oct. 12. Since then, the S&amp;P 500 has gained 62% while registering 44 record highs, he noted. 
The strategist said low volatility has been a welcome personality trait of this bull market. The maximum drawdown for the S&amp;P 500 since its Oct. 12, 2022, closing low has only been 10.3%, running below the average maximum drawdown of all bull markets of -14.2%, he added.
Looking ahead, Turnquist said most bull markets remain bull markets into their third year of life. Since 1950, the duration of a bull market has averaged 61 months, excluding the current bull market, with the shortest lasting for 21 months running from March 2020 to January 2022, he said.
That said, the current 27.2% annualized return is running relatively high compared to other bull markets, Turnquist said. &#8220;History implies that if this bull market continues, investors should expect positive, but likely more muted annualized returns going forward,&#8221; he added.

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&quot;Times New Roman&quot;;mso-font-kerning:18.0pt">Best Futures Trading Software</a>
Upcoming Economic Data
<ul>
<li>The Labor Department is scheduled to release the producer price inflation report for September at 8:30 a.m. EDT. The headline and core producer prices may have increased 0.1% and 0.2%, respectively, in September. This compares to the 0.2% and 0.3% rates in August. The annual rates of headline and core producer price inflation are expected at 1.6% and 2.7%, respectively, versus 1.7% and 2.4% in August.</li>
<li>Among the Fed officials speaking on Friday are:
<ul>
<li>Chicago Fed President Austan&nbsp;Goolsbee: 9:45 a.m. EDT</li>
<li>Dallas Fed President Lorie Logan: 10:45 a.m. EDT</li>
<li>Federal Reserve Governor Michelle Bowman: 1:10 p.m. EDT</li>
</ul>
</li>
<li>The University of Michigan&#8217;s preliminary consumer sentiment index for October at 10 a.m. EDT. The headline consumer sentiment index is expected to rise from 70.1 in September to 71 in October. Traders may also focus on the one-, two- and five-year inflation expectations readings.</li>
</ul>
Stocks In Focus:
<ul>
<li>Tesla plunged for 5.60% <a href="https://benzinga.grsm.io/register174">in premarket trading</a> following the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41286875/tesla-analysts-rave-over-cybercabs-design-cost-advantage-but-production-timeline-sp">company&#8217;s Robotaxi event.</a> Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) and Lyft, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>), which offer ride-hailing services, moved in sympathy.</li>
<li>BlackRock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), JPMorgan, Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) and Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) are among the notable companies due to <a href="https://www.benzinga.com/calendars/earnings">report their quarterly results ahead of the market open.</a></li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell after Thursday&#8217;s strong advance, while gold futures firmed up. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded nearly flat under $61K. The 10-year Treasury note yield was little changed at 4.092%.
Sentiment in Asia was muted as China stocks fell sharply and the U.S inflation data surprised to the upside. The Hong Kong market was closed on account of a public holiday. 
The European markets were mixed, with traders reacting to mostly weak data released by the U.K. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/etfs/sector-etfs/24/10/41282123/oil-rises-over-3-hits-76-as-middle-east-tensions-mount-israel-strikes-un-peacekeeper-bases-in-le">Oil Rises Over 3%, Hits $76 As Middle East Tensions Mount: Israel Strikes UN Peacekeeper Bases In Lebanon, Threats Against Gulf Oil Facilities Emerge</a></li>
</ul>
Image Via Shutterstock

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Markets

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$BTC

FAST

LYFT

TSLA

UBER

Wall Street On Backfoot As PPI Print, JPMorgan Earnings Loom: This Strategist Expects Positive Market Performance, But With Muted Returns

JPMorgan CEO Jamie Dimon Says We Have Extraordinarily Strong Balance Sheet

HC Wainwright &amp; Co. analyst Yi Chen reiterates Alpha Tau Medical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRTS#NASDAQ">DRTS</a>) with a Buy and maintains $9 price target.

Reiteration

DRTS

HC Wainwright & Co. Reiterates Buy on Alpha Tau Medical, Maintains $9 Price Target

JPMorgan Chase Q3 Reported Net Revenue $42.654B Beat $41.649B Estimate

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Premier Investments

Premier Investments (PMAUF) Forecast

Premier Investments (OTC:PMAUF) Stock, Quote.Headers.trade-ideas