Splash Beverage Group (AMEX:SBEV) Stock, Quote.Headers.trade-ideas

Splash Beverage Group

Splash Beverage Group Inc is a portfolio company managing multiple brands across several growth segments within the consumer beverage industry. The company's two reportable operating segments are: (1) the manufacture and distribution of non-alcoholic and alcoholic beverages, and (2) the retail sale of beverages and groceries online. The company generates the majority of its revenue from the E-Commerce segment. Qplash is a wholly owned division of Splash. It is the company's first entry point into the e-commerce channel. For beverage-alcohol products, the company operate within what is referred to as a "Three Tier Distribution System" where manufacturers are not permitted to sell directly to retailers, but instead, contract for local and regional distribution with independent distributors.

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Serve Robotics (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/serv#NASDAQ">SERV</a>) shares have surged 9.9% in the past week, outperforming the Zacks Computer &amp; Technology sector&#39;s gain of 2.3% and the Zacks IT Services industry&#39;s return of 2%.
Shares of this AI-powered last-mile robot delivery service provider saw significant volatility since its public equity offering on April 18, from when it started trading on the Nasdaq Capital Market under the ticker &quot;SERV.&quot; Since then, SERV shares have jumped 153.2%.
SERV&#39;s long-term prospects ride on growing demand for last-mile delivery of food and other items on partner platforms that include Uber Eats and 7-Eleven. The company, which was spun off from Uber Technologies (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uber#NYSE">UBER</a>) in 2021, counts NVIDIA, Uber, 7-Ventures and Delivery Hero&#39;s corporate venture units as its strategic investors.
The surge in SERV shares brings a couple of questions into investors&#39; minds - is this momentum going to last for SERV, and whether this is the right time to jump into the stock?
<h2>SERV Shares Beat Sector Past Week</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/89/78982.jpg?v=933828967" />
Image Source: Zacks Investment Research
Let&#39;s dig deep to find out.
<h2>Strong Last-Mile Delivery Prospects Aids SERV</h2>
SERV reported revenues of $0.47 million, significantly better than the $0.06 million reported in the year-ago quarter. It saw an 80% jump in second-quarter delivery and branding revenues. Daily Supply Hours surged 28% sequentially.
SERV&#39;s expanding robotics offering is expected to improve its competitive position in the last-mile delivery space currently dominated by the likes of DoorDash and Amazon.
Serve Robotics&#39; expanding partner base that includes Shake Shack (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shak#NYSE">SHAK</a>), Ouster and Magna are noteworthy. In June 2024, SERV announced the expansion of its delivery operations into Koreatown and began onboarding new local merchants through its partnership with Uber Eats. Its latest partnership with SHAK expands SERV&#39;s footprint in Los Angeles.
Magna has become a contract manufacturer for SERV&#39;s technology, and the first robots are expected to roll off the production line by the end of the fourth quarter of 2024.
Serve Robotics believes robots have the potential to reduce the average delivery cost to under $1, lower than the delivery cost by human couriers currently, making on-demand delivery more affordable and accessible in the areas in which it operates.
Per the ARK Invest report, the potential market for food and parcel delivery by robots and drones is expected to hit $450 billion globally in 2030.
Serve Robotics expects to deploy 250 robots by the end of the first quarter of 2025 in Los Angeles. Other cities that include its expansion plan are San Diego, Dallas and Vancouver.
<h2>Strong Liquidity to Boost SERV&#39;s Prospects</h2>
SERV&#39;s strong liquidity position is expected to help it execute its long-term strategic plan that includes the deployment of 2000 robots across the United States in 2025. It has already completed the design phase for the third-generation robot.
Serve Robotics generated $35.8 million in gross proceeds from the successful public equity offering and $15 million from a private placement.
As of June 30, 2024, SERV had cash and cash equivalents of $28.8 million. Most recently, it raised another $20 million.
<h2>Is SERV Stock a Buy?</h2>
Technical indicator is bearish for SERV as the shares are trading below the 50-day moving average.
<h2>SERV Trades Below 50-Day SMA</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/ea/78983.jpg?v=447415697" />
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for SERV&#39;s 2024 loss has shown improvement as the figure is now expected to be a loss of 85 cents, a penny narrower over the past 60 days.&nbsp;
<div class="chart_embed">
<h2>Serve Robotics Inc. Price and Consensus</h2>
<img alt="Serve Robotics Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/fb/1727182243.png" style="height:268px; width:572px" title="" />
Serve Robotics Inc. price-consensus-chart | Serve Robotics Inc. Quote
Moreover, SERV stock is overvalued at this current moment, as suggested by the Value Score of F.
SERV&#39;s revenue decline on a sequential basis in the second quarter of 2024 has been a concern. It suffers from customer concentration, with one customer accounting for 74% of accounts receivable as of June 30, 2024.
Nevertheless, SERV&#39;s expanding robotics fleet bodes well for long-term investors. Hence, investors who already own the stock may expect the company&#39;s growth prospects to be rewarding over the long term.
Serve Robotics currently has a Zacks Rank #2 (Buy), suggesting that it may be wise to enter the stock at this moment.
<a href="https://www.zacks.com/stock/news/2340635/serve-robotics-rises-10-in-a-week-should-you-buy-serv-stock?cid=CS-BENZ-FT-analyst_blog|most_popular_stocks-2340635">To read this article on Zacks.com click here.</a>
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Serve Robotics Rises 10% in a Week: Should You Buy SERV Stock?

Whales with a lot of money to spend have taken a noticeably bearish stance on D.R. Horton.
Looking at options history for D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) we detected 9 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 55% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $429,031 and 2, calls, for a total amount of $178,878.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $200.0 for D.R. Horton, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for D.R. Horton'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 D.R. Horton's whale trades within a strike price range from $120.0 to $200.0 in the last 30 days. 
<h3>D.R. Horton 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727203555_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DHI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$84.5</td>
<td>$79.8</td>
<td>$81.21</td>
<td>$120.00</td>
<td>$146.1K</td>
<td style="text-align: right;">381</td>
<td style="text-align: right;">18</td>
</tr>
<tr>
<td>DHI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$14.2</td>
<td>$13.9</td>
<td>$13.99</td>
<td>$200.00</td>
<td>$80.7K</td>
<td style="text-align: right;">576</td>
<td style="text-align: right;">292</td>
</tr>
<tr>
<td>DHI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$14.2</td>
<td>$13.9</td>
<td>$13.98</td>
<td>$200.00</td>
<td>$76.6K</td>
<td style="text-align: right;">576</td>
<td style="text-align: right;">234</td>
</tr>
<tr>
<td>DHI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$14.2</td>
<td>$13.9</td>
<td>$14.11</td>
<td>$200.00</td>
<td>$70.7K</td>
<td style="text-align: right;">576</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>DHI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$14.1</td>
<td>$13.9</td>
<td>$14.1</td>
<td>$200.00</td>
<td>$70.5K</td>
<td style="text-align: right;">576</td>
<td style="text-align: right;">151</td>
</tr>
</tbody>
</table>

<h3>About D.R. Horton</h3>
D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
In light of the recent options history for D.R. Horton, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is D.R. Horton Standing Right Now?</h3>
<ul>
<li>With a trading volume of 732,536, the price of DHI is down by -1.18%, reaching $191.19.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 35 days from now.</li>
</ul>
<h3>What Analysts Are Saying About D.R. Horton</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $217.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for D.R. Horton, targeting a price of $215. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on D.R. Horton, which currently sits at a price target of $220. 
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 D.R. Horton, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Market Whales and Their Recent Bets on DHI Options

Investors with a lot of money to spend have taken a bearish stance on Ulta Beauty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</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 ULTA, 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 13 uncommon options trades for Ulta Beauty.
This isn't normal.
The overall sentiment of these big-money traders is split between 30% bullish and 53%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $303,919, and 7 are calls, for a total amount of $353,361.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $280.0 to $415.0 for Ulta Beauty 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 Ulta Beauty's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Ulta Beauty's substantial trades, within a strike price spectrum from $280.0 to $415.0 over the preceding 30 days.
<h3>Ulta Beauty Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727203550_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$8.1</td>
<td>$8.0</td>
<td>$8.0</td>
<td>$415.00</td>
<td>$95.2K</td>
<td style="text-align: right;">707</td>
<td style="text-align: right;">172</td>
</tr>
<tr>
<td>ULTA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$6.8</td>
<td>$6.7</td>
<td>$6.8</td>
<td>$385.00</td>
<td>$90.4K</td>
<td style="text-align: right;">91</td>
<td style="text-align: right;">164</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$10.0</td>
<td>$7.1</td>
<td>$7.15</td>
<td>$395.00</td>
<td>$54.0K</td>
<td style="text-align: right;">265</td>
<td style="text-align: right;">185</td>
</tr>
<tr>
<td>ULTA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/27/24</td>
<td>$7.5</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$395.00</td>
<td>$54.0K</td>
<td style="text-align: right;">265</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>ULTA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$8.1</td>
<td>$8.1</td>
<td>$8.1</td>
<td>$390.00</td>
<td>$53.4K</td>
<td style="text-align: right;">837</td>
<td style="text-align: right;">88</td>
</tr>
</tbody>
</table>

<h3>About Ulta Beauty</h3>
With 1,385 stores at the end of fiscal 2023 and a partnership with Target, Ulta Beauty is the largest specialized beauty retailer in the US. The firm offers makeup (41% of 2023 sales), fragrances, skin care (19% of sales), and hair care products (19% of sales), and bath and body items. Ulta offers private-label products and merchandise from more than 500 vendors. It also offers salon services, including hair, makeup, skin, and brow services, in all stores. Most Ulta stores are approximately 10,000 square feet and are in suburban strip centers. Ulta was founded in 1990 and is based in Bolingbrook, Illinois.
Following our analysis of the options activities associated with Ulta Beauty, we pivot to a closer look at the company's own performance.
<h3>Current Position of Ulta Beauty</h3>
<ul>
<li>Trading volume stands at 607,763, with ULTA's price up by 1.69%, positioned at $400.5.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 66 days.</li>
</ul>
<h3>What The Experts Say On Ulta Beauty</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $433.0.
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; Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Outperform rating for Ulta Beauty, targeting a price of $500. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Ulta Beauty, targeting a price of $395. 
&#x2A; An analyst from Stifel has decided to maintain their Hold rating on Ulta Beauty, which currently sits at a price target of $385. 
&#x2A; An analyst from B of A Securities persists with their Neutral rating on Ulta Beauty, maintaining a target price of $380. 
&#x2A; An analyst from UBS persists with their Buy rating on Ulta Beauty, maintaining a target price of $505. 
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 Ulta Beauty with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

ULTA

Spotlight on Ulta Beauty: Analyzing the Surge in Options Activity

Investors with a lot of money to spend have taken a bullish stance on PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</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 PYPL, 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 42 uncommon options trades for PayPal Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 38%, bearish.
Out of all of the special options we uncovered, 6 are puts, for a total amount of $404,520, and 36 are calls, for a total amount of $1,894,150.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $47.5 to $105.0 for PayPal Holdings during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of PayPal Holdings stands at 4661.0, with a total volume reaching 21,722.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in PayPal Holdings, situated within the strike price corridor from $47.5 to $105.0, throughout the last 30 days.
<h3>PayPal Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727203545_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.7</td>
<td>$1.68</td>
<td>$1.7</td>
<td>$80.00</td>
<td>$408.0K</td>
<td>9.3K</td>
<td>4.8K</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$27.7</td>
<td>$27.65</td>
<td>$27.7</td>
<td>$100.00</td>
<td>$138.5K</td>
<td>172</td>
<td>50</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$6.65</td>
<td>$6.55</td>
<td>$6.58</td>
<td>$75.00</td>
<td>$131.0K</td>
<td>4.5K</td>
<td>217</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$5.85</td>
<td>$5.85</td>
<td>$5.85</td>
<td>$80.00</td>
<td>$101.2K</td>
<td>22.0K</td>
<td>266</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$19.0</td>
<td>$17.6</td>
<td>$17.65</td>
<td>$90.00</td>
<td>$88.2K</td>
<td>162</td>
<td>51</td>
</tr>
</tbody>
</table>

<h3>About PayPal Holdings</h3>
PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 426 million active accounts at the end of 2023. The company also owns Venmo, a person-to-person payment platform.
Following our analysis of the options activities associated with PayPal Holdings, we pivot to a closer look at the company's own performance.
<h3>Current Position of PayPal Holdings</h3>
<ul>
<li>Currently trading with a volume of 7,746,092, the PYPL's price is up by 0.7%, now at $78.21. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 36 days.</li>
</ul>
<h3>What The Experts Say On PayPal Holdings</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $80.33333333333333.
Unusual Options Activity Detected: Smart Money on the Move
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&#x2A; Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Outperform rating for PayPal Holdings, targeting a price of $78. 
&#x2A; Consistent in their evaluation, an analyst from Goldman Sachs keeps a Neutral rating on PayPal Holdings with a target price of $69. 
&#x2A; Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on PayPal Holdings with a target price of $94. 
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PYPL

PayPal Holdings Unusual Options Activity For September 24

Piper Sandler analyst Brent Bracelin upgraded Salesforce Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from Neutral to Overweight and raised the <a target="_blank" href="https://www.benzinga.com/quote/CRM/analyst-ratings" rel="noreferrer noopener">price target from&nbsp;$268&nbsp;to&nbsp;$325</a>.
The re-rating reflects a favorable risk-reward given the potential for free cash flow per share to double to $20+ by fiscal 2029 (calendar 2028) from $9.65 in fiscal 2024 (calendar 2023), even if top-line growth remains at subdued levels of 8%-9%.
Bracelin flagged that Salesforce also has the lowest valuation multiple relative to large-cap software peers on an Enterprise Value-to-Sales, Enterprise Value-to-Free Cash Flow, and Price-to-Earnings basis.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/09/40910569/nvidia-salesforce-announce-strategic-ai-collaboration-what-to-know" rel="noreferrer noopener">NVIDIA, Salesforce Announce Strategic AI Collaboration: What To Know</a>
Discussions last week with the leadership team, partners, and customers gave the analyst confidence that new pricing and packaging could broaden multi-cloud adoption.
The promise of Agentforce powered by the Atlas Reasoning Engine paired with Data Cloud could help stabilize demand and drive a recovery entering calendar 2026 (fiscal 2027).
Bracelin raised estimates using a target EV/FCF of 23x (versus 22x prior) and a 14% discount rate (16% prior).
Bracelin noted that the combination of free multi-cloud options via the new Foundations suite for existing Sales or Service cloud customers and the 52% ARPU uplift to Einstein 1 versus Unlimited could be crucial in sparking a growth recovery from calendar 2025 (fiscal 2026) to calendar 2026 (fiscal 2027).
The analyst flagged that Salesforce has historically provided new platform updates three times per year. However, the pace of AI has changed this cadence, most notably within Data Cloud, where new platform updates are released monthly.
Salesforce chief Marc Benioff and team are operating in &#8220;founder mode&#8221; with the accelerated pace of internal product execution, supported by veteran boomerangs and new management add that bring strong backgrounds from Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Amazon.Com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Amazon Web Service, Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), and more Bracelin highlighted.
Years of manual Trailblazer developer work building Flows and Apex Actions have turned into a strategic advantage, according to the analyst. He added that these can be repurposed to provide critical guard rails to power agents via the Atlas Reasoning Engine paired with Data Cloud.
Further margin leverage and buybacks could sustain low double-digit free cash flow growth per share for the next 3-5 years. CRM shares could benefit from earnings and multiple expansions, as per Bracelin.
Bracelin projects third-quarter revenue of $9.34 billion and EPS of $2.43.
Price Action: CRM stock is up 1.35% at $267.67 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40901921/salesforce-unveils-new-agentforce-partner-network-partners-with-google-cloud" target="_blank" rel="noreferrer noopener">Salesforce Unveils New Agentforce Partner Network, Partners With Google Cloud</a></li>
</ul>
Photo via Shutterstock

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Tech

AMZN

GOOG

GOOGL

MSFT

ORCL

Salesforce's Free Cash Flow Could Double by 2029 Amid AI Push, Analyst Says While Upgrading Stock

Cyngn shares are trading higher after the company announced the first build of its next-generation 12,000 lb drivemod tugger has been successfully completed at the facility of its OEM partner.

Governor <a href="https://www.benzinga.com/topic/gavin-newsom">Gavin Newsom</a>&#8216;s emergency ban on all hemp-derived THC products is official as of Monday afternoon, following the Office of Administrative Law&#8217;s approval.
This ban halts the sale of hemp products, including popular items like hemp-THC beverages and medicinal CBD products, throughout California. The regulatory action was <a href="https://www.sfgate.com/cannabis/article/hemp-thc-ban-approved-19787429.php">confirmed</a> by SFGATE.
Newsom justified the ban, stating that the previous regulations allowed underage youth access to intoxicating hemp-derived THC products. However, critics argue that this move bypasses a more measured, democratic process and could have unintended consequences for patients and the hemp industry at large.
Previously, California's Assembly <a href="https://www.benzinga.com/markets/cannabis/24/08/40431822/california-rejects-proposed-regulations-on-hemp-the-industry-celebrates-for-now">rejected similar legislation</a> (AB 2223) after strong opposition from the hemp industry. While the Assembly's decision was hailed as a win, Newsom's executive order has now enforced the ban.
<ul>
<li>Get Benzinga&#8217;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't afford to miss out if you&#8217;re serious about the business.</li>
</ul>
<h3 class="wp-block-heading">Hemp Ban: Consequences</h3>
On September 16 the Hemp Roundtable made public a document presented to the Office of Administrative Law of California, signed by Attorneys at Frost Brown Todd in which they objected the measure. According to the statement the regulations would eliminate up to 90-95% of hemp products currently available. Farmers, manufacturers and retailers face immense financial losses as they are forced to shutter operations or relocate production outside California.
The ruling also includes a ban on manufacturing and selling hemp-THC products intended for sale outside California. This broad scope threatens the entire national supply chain, raising concerns over state overreach and violations of interstate commerce laws​. This will probably lead to a judicial dispute of the emergency ruling.
Recently, an expert economist made a forecast for hemp acreage nationwide that includes a <a href="https://www.benzinga.com/markets/cannabis/24/09/40715126/expert-economist-slashes-hemp-acreage-forecast-by-82-for-2030-heres-why">82% reduction</a> from previous estimations, which aligns with the projections of damage taken by the hemp complex as a whole.
<div data-wp-interactive="core/file" class="wp-block-file">
<object data-wp-bind--hidden="!state.hasPdfPreview" class="wp-block-file__embed" data="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24122602/Final-Written-Comments-Opposing-Proposed-Emergency-Regulations-9.16.2024-signed-4863-4205-4373.1.pdf" type="application/pdf" style="width:100%;height:200px" aria-label="Embed of Final-Written-Comments-Opposing-Proposed-Emergency-Regulations-9.16.2024-signed-4863-4205-4373.1."></object><a id="wp-block-file--media-d0c293de-28ef-4c4a-b9b4-a59b6f539280" href="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24122602/Final-Written-Comments-Opposing-Proposed-Emergency-Regulations-9.16.2024-signed-4863-4205-4373.1.pdf">Final-Written-Comments-Opposing-Proposed-Emergency-Regulations-9.16.2024-signed-4863-4205-4373.1</a><a href="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24122602/Final-Written-Comments-Opposing-Proposed-Emergency-Regulations-9.16.2024-signed-4863-4205-4373.1.pdf" class="wp-block-file__button wp-element-button" download aria-describedby="wp-block-file--media-d0c293de-28ef-4c4a-b9b4-a59b6f539280">Download</a></div>
<h3 class="wp-block-heading">Investor Impact</h3>
For investors, the ban creates a wave of uncertainty. 
Many of California's hemp companies rely on a booming market for hemp-derived products. Small and mid-sized California companies <a href="https://www.benzinga.com/markets/cannabis/24/08/40465710/why-are-so-many-california-cannabis-companies-switching-to-hemp-products">were shifting </a>from Cannabis to hemp due to the advantages that a less regulated and taxed environment. This change in the market structure for cannabis products will probable stop and businesses looking for alternative solutions or seeking to mitigate losses will likely need to restructure their offerings or face severe revenue losses.
The situation is <a href="https://dealtracker.viridianca.com/viridian-deal-tracker/sector_deal_tracker/?utm_source=newsletteremail.benzinga.com&amp;utm_medium=newsletter&amp;utm_campaign=hemp-sector-investor-exodus-what-s-behind-the-rush&amp;_bhlid=56c88b0d42d3a13a6b824969d94134c4a88bb3bb">provoking an exodus</a> from hemp assets exposure among financial investors.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40906131/this-is-life-or-death-families-of-disabled-children-panic-over-gov-newsoms-hemp-cbd-ban-and-eval">&#8216;This Is Life Or Death&#8217;: Families Of Disabled Children Panic Over Gov. Newsom&#8217;s Hemp CBD Ban And Evaluate Lawsuit</a>
<h3 class="wp-block-heading">Patient Concerns</h3>
Perhaps the most vocal opposition to the ban comes from medical patients and their families. 
According to a group of California parents with children suffering from chronic illnesses, this regulation could eliminate access to <a href="https://www.benzinga.com/markets/cannabis/24/09/40906131/this-is-life-or-death-families-of-disabled-children-panic-over-gov-newsoms-hemp-cbd-ban-and-eval">life-saving treatments</a>. Families are also evaluating legal action against the state, citing that the ban not only impacts synthetic THC products but also vital full-spectrum CBD products that many rely on for conditions like epilepsy​. Parents of affected children have been panic buying hemp derivatives to avoid interruption of <a href="https://www.benzinga.com/markets/cannabis/24/07/39783547/physician-condemns-californias-confusing-hemp-regulations-impacting-pediatric-cbd-for-seizure-tr">treatments</a>.
<h3 class="wp-block-heading">Impact On Organic Products</h3>
Co-founder of <a href="https://www.benzinga.com/markets/cannabis/23/09/34770911/cornbread-hemp-acquires-its-manufacturing-partner-launches-new-cbd-pricing-scheme">Cornbread Hemp</a>, a company specialized in High Quality CBD products, Jim Higdon, reacted to the ban.
&#8220;The California cannabis market is undergoing a credibility crisis amid rampant pesticide contamination, and Gov Newsom just banned access to USDA organic hemp products, forcing California residents to take their chances in California dispensaries&#8221; 
Higdon highlighted a contradiction in a e-mail exchange with Benzinga Cannabis, saying &#8220;How can Governor Newsom claim to be protecting consumer safety with an order that bans USDA organic hemp products?&#8221;
<h3 class="wp-block-heading">So Far&#8230; So Good?</h3>
California&#8217;s government is showing determination in moving forward with the ban on hemp, despite the messy impacts. While the emergency regulations remain in effect until March 25, 2025, the hemp industry and advocates are pushing back, suggesting a lengthy conflict ahead.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/09/40989988/exclusive-inside-the-amazon-of-weed-helping-400-cannabis-brands-save-and-grow-in-regulatory-maze">EXCLUSIVE: Inside The Amazon Of Weed, Helping 400 Cannabis Brands Save And Grow In Regulatory Maze</a></li>
</ul>
Cover: Courtesy of Governor Newsom&#8217;s Office

Cannabis

Government

Regulations

Gov. Newsom's Hemp Ban Goes Into Effect: Consequences For Industry, Investors, Patients

Downgrades

Moody's Downgrades Alaska Air Group's Issuer Rating To Ba1, Assigns Baa2 Rating To Loyalty Financing; Outlook Negative

Management

IAM Workers Existing Contract With Textron Expired Sept. 22

Genius Group Receives Allegations From LZG International Shareholders; Terminates Peter Ritz, Investigates Ownership And Control Issues With Michael Moe And Peter Ritz Through Counsel

GOLD

RGLD

SAND

SSRM

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

Gold is trading higher following the Fed's recent rate cut.

<a href="https://www.canada.ca/en/health-canada/services/drugs-health-products/covid19-industry/drugs-vaccines-treatments/vaccines/novavax.html" title="https://www.canada.ca/en/health-canada/services/drugs-health-products/covid19-industry/drugs-vaccines-treatments/vaccines/novavax.html">https://www.canada.ca/en/health-canada/services/drugs-health-products/covid19-industry/drugs-vaccines-treatments/vaccines/novavax.html</a>

NVAX

Reported September 23; Health Canada Approves Novavax Nuvaxovid And XBB.1.5 Omicron Subvariant COVID-19 Vaccines For Primary And Booster Doses

On Tuesday, artificial intelligence server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) added new maximum-performance GPU, multi-node, and rackmount systems to <a target="_blank" href="https://www.benzinga.com/pressreleases/24/09/n41007202/supermicro-adds-new-max-performance-intel-based-x14-servers-delivering-the-industrys-broadest-rang" rel="noreferrer noopener">the X14 portfolio</a>.
These systems are based on Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) Xeon 6900 Series Processors with P-Cores (formerly codenamed Granite Rapids-AP).
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24121828/newplot-20.png" alt="" class="wp-image-563711" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24121828/newplot-20.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/24121828/newplot-20-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Joining the X14 servers leveraging the Xeon 6700 Series Processors with E-cores launched in&nbsp;June 2024, today&#8217;s additions aim to create the industry&#8217;s broadest range of optimized servers supporting a wide variety of workloads from demanding AI, HPC, media, and virtualization to energy-efficient edge, scale-out cloud-native, and microservices applications.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40897994/whats-going-on-with-intel-stock-on-tuesday" rel="noreferrer noopener">Intel Secures Major Amazon Chip Deal, U.S. Grant Amid Restructuring Plans</a>
&#8220;Supermicro X14 systems have been completely re-engineered to support the latest technologies including next-generation CPUs, GPUs, highest bandwidth and lowest latency with MRDIMMs, PCIe 5.0, and EDSFF E1.S and E3.S storage,&#8221; said&nbsp;Charles Liang, president and CEO of Supermicro.
Supermicro&#8217;s new X14 systems will also offer socket compatibility with the upcoming Intel Xeon 6900 series processors with E-cores and Intel Xeon 6700 series processors with P-cores.
Last week, Needham&nbsp;analyst Quinn Bolton hailed Super Micro as a <a target="_blank" href="https://www.benzinga.com/news/24/09/40926422/super-micro-poised-for-expansion-as-gross-margin-concerns-ease-internal-control-risks-priced-in-anal" rel="noreferrer noopener">significant beneficiary of</a> growing investment in AI infrastructure, a first mover in rack-level liquid cooling solutions. He forecasted a revenue CAGR of over 55% from fiscal 2021 to fiscal 2026.
Super Micro Computer stock is up over 89% in the last 12 months. Bolton expects most of the risk associated with the review of its internal controls as priced in. Investors can gain exposure to the AI server company through Vanguard Mid-Cap Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOT#NYSE">VOT</a>) and SPDR Select Sector Fund &#8211; Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>).
Price Action:&nbsp;SMCI stock is down 0.25% at $464.77 at the last check on Tuesday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/40996401/intel-which-cratered-around-77-from-its-52-week-peak-finds-a-new-knight-in-shining-armor-as-qual" target="_blank" rel="noreferrer noopener">Intel, Which Cratered Around 77% From Its 52-Week Peak, Finds A New Knight In Shining Armor As Qualcomm And Apollo Propose Buyout Deal, But This Analyst Thinks It Doesn&#8217;t Make Sense: &#8216;It Seems Very Risky To Us Given Uncertain Returns&#8217;</a></li>
</ul>
Photo via Company

INTC

Super Micro Unveils Next-Gen Servers Powered by Intel's Latest Xeon Chips

Particle Health Inc. <a href="https://fingfx.thomsonreuters.com/gfx/legaldocs/akveodjmyvr/particle%20v%20epic%20-%20complaint%20-%2020240923.pdf" target="_blank" rel="noreferrer noopener">sued</a> Epic Systems Corporation, alleging that the software firm is attempting to use its power over electronic health records (EHRs) to expand its dominance into the fledgling <a href="https://www.benzinga.com/topic/software">market for &#8220;payer platforms.&#8221;</a>
Epic&#8217;s EHR system controls over three-quarters of U.S. patient records. The company has leveraged its vast market power to extend its influence into the emerging payer platform market.
In 2021, Epic launched the Epic Payer Platform (EPP), which quickly gained market dominance. The lawsuit claims that competitors could not gain ground.
Epic allegedly made it commercially impossible for rival platforms to access medical records stored in its EHR system.
As a result, competing platforms could not function effectively.
A turning point came in 2023 when Particle Health entered the market by leveraging a shift in payer operations.
Particle found a way to access medical records through centralized exchange networks, offering an alternative to Epic&#8217;s monopoly. 
Epic allegedly cut off access to records for Particle&#8217;s customers, coercing them into ending their relationships with Particle and deliberately slowing down the approval process for new clients.
Epic&#8217;s efforts extended further, with allegations that it made false claims about the security and privacy risks associated with Particle. 
Particle says the claims damaged its credibility and hindered its ability to secure new business.
Epic also initiated a formal dispute with Particle through Carequality, a nonprofit overseeing data-sharing frameworks in healthcare.
The drawn-out dispute process and denial of record access have reportedly drained Particle&#8217;s resources, severely limiting its capacity to compete.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/09/41010971/kbr-lands-113m-air-force-deal-to-drive-next-gen-refueling-systems-and-cybersecurity-innovation" target="_blank" rel="noreferrer noopener">KBR Lands $113M Air Force Deal To Drive Next-Gen Refueling Systems And Cybersecurity Innovation</a>.</li>
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Health Care

Healthcare Software Giant Epic Systems Hit With Lawsuit Over Alleged Monopolistic Practices

Shares of credit card and payment stocks are trading lower. The sector may be under pressure. Some payments stocks may also be down after Global Payments issued soft guidance.

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In a report released today, Scott Buck from H.C. Wainwright maintained a Buy rating on Splash Beverage Group (SBEV – Research Report), with a price...

Buy Rating Maintained for Splash Beverage Group Amidst Strategic Growth Efforts

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GPRO, IRBT among notable consumer discretionary additions to Russell Microcap; PLBY, RMCF out

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Splash Beverage Group (NYSEMKT:<a href="https://investorplace.com/stock-quotes/sbev-stock-quote/">SBEV</a>) just reported results for the first quarter of 2024.<ul><li>Splash Beverage Group reported earnings per share of -10 cents. This met the analyst estimate for EPS of -10 cents.</li><li>The company reported revenue of $1.54 million.</li><li>This was 70.37% worse than the analyst estimate for revenue of $5.20 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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SBEV Stock Earnings: Splash Beverage Group Meets EPS, Misses Revenue for Q1 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Splash Beverage Group (NYSEMKT:<a href="https://investorplace.com/stock-quotes/sbev-stock-quote/">SBEV</a>) just reported results for the second quarter of 2024.<ul><li>Splash Beverage Group reported earnings per share of -11 cents. This was below the analyst estimate for EPS of -9 cents.</li><li>The company reported revenue of $1.05 million.</li><li>This was 34.15% worse than the analyst estimate for revenue of $1.59 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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SBEV Stock Earnings: Splash Beverage Group Misses EPS, Misses Revenue for Q2 2024

Splash Beverage Group, Inc. (SBEV) Q2 2024 Earnings Call Transcript

In a report released today, Scott Buck from H.C. Wainwright reiterated a Buy rating on Splash Beverage Group (SBEV – Research Report), with a price...

Buy Rating Affirmed for Splash Beverage Group on Strong Growth Prospects and Financial Improvements

AXIL

BHIL

CBUS

CENN

COSM

FLNT

FLYX

FTLF

GOEV

GPRO

GROV

HOUR

IRBT

MULN

NCMI

OWLT

PLBY

PNST

RCAT

RMCF

SANW

SAVE

SKIN

SOAR

SOND

SPRU

VCSA

WVVI

ZVIA

Press Releases

Splash Beverage Group Extends Copa di Vino's Retail Sales Presence with Iconic Las Vegas Retailer

Splash Beverage Group Appoints Dr. John Paglia, a Professor of Finance at Pepperdine Graziadio Business School, to Its Board of Directors

Splash Beverage Expands Distribution Network for Beverage Brands, Secures Retailer Partnerships

Pursuant to NYSE Regulations, Splash Beverage Group Acknowledges the Going Concern Language in Its 10K and Reaffirms Its Commitment to Success

Splash Beverage Group Names Julius Ivancsits as Chief Financial Officer

Splash Beverage Group Secures Statewide Authorization for SALT Naturally Flavored Tequila in Pennsylvania

Splash Beverage Group to Host Conference Call to Discuss 2024 Second Quarter Results & State of the Business Update

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Splash Beverage Group (SBEV) Forecast

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