Schaeffler AG Bearer Preference Shares Stock (OTC: SCFLF)

Schaeffler AG Bearer Preference Shares (OTC:SCFLF) Stock, Quote.Headers.trade-ideas

News

Tech

Media

AAPL

CTTAF

CTTAY

HYMTF

SCFLF

VLKAF

VWAGY

Apple Inc’s (NASDAQ: AAPL) debut in the electric car space has the potential to unlock newer revenue streams for Continental AG’s (OTC: 

Automotive Part Maker Vitesco Eyes Apple Car For Its EV Foray: Bloomberg

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

Cryptocurrency

Intraday Update

Markets

Movers

Trading Ideas

AAVVF

ACAD

ACLLF

AFGC

ALAC

ALIAF

AMCI

APLT

ASRAF

AUPH

AWON

BRBR

CDAY

CDLX

CGOOF

CMRE

CMTL

CYSM

DCPH

DRETF

DXCM

Eaton Vance Tax-Advantaged Global Dividend

FLXN

FSUGY

FTAI

GBNXF

GEF-B

GLPG

GMICF

HEBT

ICTSF

IMPUY

INCY

INSG

INVU

ITOCY

KNTNF

LGRDY

LYTS

MAIFF

MAKOF

MITSY

MONRY

Morgan Stanley Capital Protected Notes for S&P 500 Index

MPSYF

Nfj Dividend Interest & Premium Strategy Fund

NMGNF

NSVGF

NTIOF

OGFGY

ORKLY

OYST

PFBC

PMNXF

PNFP

POWL

POYYF

PTCT

PWCDF

PWOD

RESI

RTMVY

SAFE

SAVA

SBGSY

SEAC

SGRY

SNEJF

SPWH

SRCL

THOR

TMOL

TTDKY

Stocks That Hit 52-Week Highs On Thursday

Schaeffler AG Bearer Preference Shares

Loop Capital analyst Alton Stump maintains Dave &amp; Buster's Enter (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLAY#NASDAQ">PLAY</a>) with a Buy and lowers the price target from $59 to $45.

Price Target

Analyst Ratings

PLAY

Loop Capital Maintains Buy on Dave & Buster's Enter, Lowers Price Target to $45

BTIG analyst Julian Harrison downgrades Keros Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KROS#NASDAQ">KROS</a>) from Buy to Neutral.

Downgrades

KROS

BTIG Downgrades Keros Therapeutics to Neutral

Loop Capital analyst Anthony Chukumba maintains Tractor Supply (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) with a Hold and raises the price target from $265 to $290.

TSCO

Loop Capital Maintains Hold on Tractor Supply, Raises Price Target to $290

IPOs

TTAN

ServiceTitan Shares Open For Trade At $101/Share; IPO Priced At $71/Share On 8.8M Shares

Loop Capital analyst Laura Champine maintains Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) with a Hold and lowers the price target from $35 to $30.

MTCH

Loop Capital Maintains Hold on Match Group, Lowers Price Target to $30

Streaming Destination for HBO, Warner Bros. Pictures, the DC Universe, A24, ID and More Now Available to All Spectrum TV Select Customers at No Extra Cost
STAMFORD, Conn. and NEW YORK, Dec. 12, 2024 /PRNewswire/ -- Spectrum and Warner Bros. Discovery Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) today announced that WBD's premium streaming service Max is now available to all of Spectrum's TV Select video customers at no additional cost, as part of the two companies' new distribution agreement. Spectrum TV Select customers will receive Max With Ads, which retails for $9.99 per month and includes must-see entertainment from brands such as HBO, Warner Bros., Max Originals, DC, Harry Potter, as well as iconic shows like "Friends" and "The Big Bang Theory."

CHTR

Spectrum And Warner Bros. Discovery Announce WBD's Streaming Service Max Is Now Available To All Of Spectrum's TV Select Video Customers At No Additional Cost, As Part Of The Two Companies' New Distribution Agreement

BTIG analyst Ryan Zimmerman maintains Globus Medical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMED#NYSE">GMED</a>) with a Buy and raises the price target from $87 to $91.

GMED

BTIG Maintains Buy on Globus Medical, Raises Price Target to $91

European pharma service provider Lonza Group Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LZAGY#OTC">LZAGY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LZAGF#OTC">LZAGF</a>) announced plans to exit its Capsules &amp; Health Ingredients (CHI) business.
Full implementation is expected by second quarter of 2025.
The decision coincides with the company&#8217;s strategy to focus on contract development and manufacturing organization (CDMO). Lonza expects EBITDA margins exceeding 30% for its CDMO segment beyond 2025.
William Blair writes that the decision to divest its CHI business and reorganize the CDMO business &#8220;rids Lonza of the main drag&#8221; and &#8220;creates a much cleaner and more compelling pure-play CDMO story.&#8221;
The new structure aims to simplify operations by transitioning from three divisions and nine business units to three integrated business platforms: Integrated Biologics, Advanced Synthesis, and Specialized Modalities.
The Integrated Biologics platform will consolidate Mammalian and Drug Product Services, while Advanced Synthesis merges hybrid chemistry and biology solutions, incorporating the Small Molecules division and Bioconjugates.
Specialized Modalities will be focused on cell and gene therapies, mRNA, and microbial solutions.
2024 and Beyond: Growth Outlook
<ul>
<li>Lonza maintained its 2024 guidance of flat constant exchange rate (CER) sales growth and a CORE EBITDA margin between 27% and 29%, with CDMO performance offsetting softness in the CHI segment.</li>
<li>For 2025, Lonza projects CER sales growth approaching 20%, supported by the acquisition of the Vacaville site and organic growth in the low teens.</li>
<li>Beyond 2025, the company anticipates low-teen percentage CER sales growth.</li>
<li>For CHI, Lonza expects modest growth and a gradual return to higher margins post-2025.</li>
<li>Lonza reaffirmed its commitment to a dividend policy with a payout ratio of 35-45%.</li>
</ul>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42465586/gevo-and-lg-chem-push-ahead-on-eto-commercialization-for-sustainable-aviation-and-bio-propylene-markets" target="_blank" rel="noreferrer noopener">Gevo And LG Chem Double Down On Ethanol-To-Olefins Tech: Details</a></li>
</ul>

Analyst Color

Health Care

General

LZAGF

LZAGY

Swiss Contract Service Provider Lonza Exits Capsules Business To Focus On Drug Development

Editor&#8217;s note: the headline has been updated to more accurately reflect BlackRock&#8217;s recommended portfolio allocation.
The world's largest asset manager, BlackRock Inc. (NASDAQ; BLK), suggests that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could hold a place in <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42143299/bitcoin-etfs-will-see-hundreds-of-billions-in-inflows-analyst-predicts">multi-asset portfolios</a>, albeit within a narrow range.
Quoting a report from the BlackRock Investment Institute, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-12-12/blackrock-says-up-to-2-bitcoin-allocation-is-reasonable-range?embedded-checkout=true">reported</a> that allocating 1% to 2% of a portfolio to Bitcoin would produce a risk profile comparable to investing in the &#8220;Magnificent Seven&#8221; technology stocks within a traditional 60/40 portfolio of equities and bonds.
Exceeding the 2% threshold, however, could disproportionately increase the portfolio&#8217;s risk.
The report provides guidance for investors seeking to balance exposure to Bitcoin, especially as the cryptocurrency continues to trade at record highs above $100,000. 
President-elect Donald Trump&#8216;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42422705/donald-trump-would-welcome-150000-bitcoin-early-in-presidency-its-another-stock-market-for-him">crypto-friendly policies</a>, coupled with his pro-crypto leadership appointments, have contributed to a surge in <a href="https://www.benzinga.com/news/events/24/12/42437939/bitcoin-etfs-spark-institutional-interest-the-doors-have-been-blown-off-superstate-ceo-says">Bitcoin exchange-traded funds</a> (ETFs), including BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>).
These developments have fueled billions in inflows and intensified interest in integrating Bitcoin into mainstream investment strategies.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42460507/hacker-exploits-dogecoin-vulnerability-crashes-69-of-nodes-but-doge-still-spikes-1-8">Hacker Exploits Dogecoin Vulnerability, Crashes 69% Of Nodes—But DOGE Still Spikes 1.8%</a>
"Even though Bitcoin's correlation with other assets is relatively low, its inherent volatility makes its impact on total portfolio risk similar to that of highly concentrated tech stocks," stated Samara Cohen, BlackRock&#8217;s Chief Investment Officer of ETF and Index Investments, in the paper. 
A small allocation to Bitcoin could add diversification, whereas an overweight position in high-risk tech equities might exacerbate concentration risks, the report noted.
Despite Bitcoin&#8217;s 140% rise this year, its path to historic highs has been marked by extreme volatility, with historical drawdowns ranging between 70% and 80%, the paper highlighted. 
However, the introduction of <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42393396/record-week-bitcoin-etfs-net-25-billion-in-inflows-ethereum-etfs-took-in-12-billion">U.S. spot Bitcoin ETFs</a> earlier this year has played a pivotal role in its rally.
Since their January launch, these ETFs have attracted over $113 billion in assets, with nearly <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42380475/bitcoin-etfs-have-outstripped-satoshi-nakamotos-holdings">$10 billion flowing in</a> since November, according to Bloomberg data.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42457774/donald-trump-reportedly-tapping-brian-quintenz-as-head-of-commodity-futures-trading-commission">Donald Trump Reportedly Tapping Brian Quintenz As Head Of Commodity Futures Trading Commission</a></li>
</ul>
Image: Shutterstock

$BTC

IBIT

BlackRock: 'Reasonable Range' Of Bitcoin Allocation In Multi-Asset Portfolios Is Between 1-2% (UPDATED)

LBGJ

Li Bang International Shares Resume Trading

Realty Income's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/O#NYSE">O</a>) short percent of float has risen 21.18% since its last report. The company recently reported that it has 18.72 million shares sold short, which is 2.46% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Realty Income Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734025521_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Realty Income has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Realty Income's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Realty Income's peer group average for short interest as a percentage of float is 5.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(O) - Analyzing Realty Income's Short Interest

Elevance Health's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) short percent of float has fallen 9.63% since its last report. The company recently reported that it has 2.82 million shares sold short, which is 1.22% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.66 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Elevance Health Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734025516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Elevance Health has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Elevance Health's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Elevance Health's peer group average for short interest as a percentage of float is 5.71%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

Peering Into Elevance Health's Recent Short Interest

<a href="https://www.benzinga.com/personal-finance/24/10/41213012/dave-ramseys-bold-plan-to-fight-inflation-could-his-radical-approach-help-you-keep-more-cash-in-">Dave Ramsey</a>, renowned financial guru, proud father of three grown kids and grandfather of seven, doesn't mince words when it comes to life lessons.
In a blog post, Ramsey delivered a powerful message about parenting, warning against the dangers of shielding kids from the consequences of their actions. His reflections, sparked by an adorable exchange with his four-year-old granddaughter, offers humor and hard truths.
Don't Miss:
<ul>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a></li>
<li><a href="https://www.benzinga.com/money/cd-valet-growth">CD Popularity Soars: Over 50 Million Americans Embrace Safe Savings with 5–10% Annual Growth</a></li>
</ul>
While vacationing with his family at their lake house, Ramsey asked his granddaughter where her cousin was. The little girl's response – "He is in the house with his dad" – set up a moment of parenting gold. When Ramsey inquired further, she replied, "My cousin is experiencing consequences."&nbsp;
Intrigued, Ramsey asked, "Have you experienced consequences?" Her answer – "Oh yes, Pappa Dave and it's not fun, but I learned a lot" – left him both amused and proud. It also highlighted a simple yet powerful truth: great parenting raises kids who understand responsibility.
Ramsey argues that many parents today are failing their children by protecting them from failure and discomfort. He's not alone in this belief. Parenting experts like Andy Andrews have long said the goal isn't to raise great kids but to raise kids who will become great adults.&nbsp;
See Also: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a>
According to Ramsey, "enabling" or "helicopter parenting" holds today's youth back – and the numbers prove it.
A report by The Hill found that nearly half of parents are still paying their adult children's bills, shelling out an average of $1,442 per month. Shockingly, 25% of <a href="https://www.benzinga.com/real-estate/24/09/41093903/millennials-are-house-rich-how-one-generation-doubled-their-wealth">millennials </a>rely on their parents to cover housing costs.&nbsp;
Ramsey quickly clarifies that temporary support isn&#8217;t the issue in the face of genuine hardship – like illness or divorce. But when a safety net becomes a hammock, it robs young adults of dignity, resilience and motivation.
Ramsey uses a vivid metaphor to drive his point home. Eagles build their nests with sharp thorns and soften them with down to protect their young. When the eaglets are ready to fly, the parents remove the down, making the nest uncomfortable.&nbsp;
This discomfort pushes the young eagles to spread their wings and soar. In contrast, Ramsey laments that today's parents are creating a generation of adults stuck in "nests," unwilling to leave.
Trending: The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?
The consequences are staggering. Economist Nicholas Eberstadt's book Men Without Work reveals that 7.2 million able-bodied men, ages 25 to 54, are neither working nor looking for work.
Supported by parents, partners or the government, many in this group are plagued by depression, addiction and even suicide. Ramsey says this tragic reality highlights how society has failed to teach these individuals the value of struggle and hard work.
In his bestseller The Comfort Crisis, Michael Easter argues that modern life has become so easy that we've lost our ability to tackle tough challenges. Ramsey agrees, urging parents to embrace – and teach – the benefits of hard things. Struggle builds character and character builds hope, he says.
Ramsey acknowledges that many young people are hardworking and mission-driven, particularly at his company, Ramsey Solutions. But for those who lack grit, he points the finger at overprotective parenting. "When we remove consequences, we clip their wings," he says. "And instead of soaring like eagles, they become turkeys."
Read Next:
<ul>
<li>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 what&#8217;s behind this formula.</a></li>
<li>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></li>
</ul>

Personal Finance

Dave Ramsey Warns Against 'Hammock Parenting'—'7.2 Million Able-Bodied Men Aren't Even Looking For Work And It's Not Their Fault'

Veeva Systems's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEEV#NYSE">VEEV</a>) short percent of float has fallen 16.87% since its last report. The company recently reported that it has 1.97 million shares sold short, which is 1.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.66 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Veeva Systems Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734025511_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Veeva Systems has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Veeva Systems's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Veeva Systems's peer group average for short interest as a percentage of float is 6.45%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

VEEV

(VEEV) - Analyzing Veeva Systems's Short Interest

Chardan Capital analyst Geulah Livshits maintains Krystal Biotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRYS#NASDAQ">KRYS</a>) with a Buy and maintains $212 price target.

KRYS

Chardan Capital Maintains Buy on Krystal Biotech, Maintains $212 Price Target

Bernstein analyst Zhihan Ma maintains Lowe's Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) with a Outperform and raises the price target from $301 to $304.

Bernstein Maintains Outperform on Lowe's Companies, Raises Price Target to $304

WIIM

BCTX

BriaCell Therapeutics shares are trading lower after the company announced the pricing of a $5.5 million public offering of 7.4 million shares at $0.75 per share.

B of A Securities analyst Jessica Reif Cohen reiterates Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) with a Buy and maintains $14 price target.

Reiteration

B of A Securities Reiterates Buy on Warner Bros. Discovery, Maintains $14 Price Target

JP Morgan analyst Christopher Horvers maintained an Overweight rating for Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>) <a target="_blank" href="https://www.benzinga.com/quote/LOW/analyst-ratings" rel="noreferrer noopener">with a price forecast of $300.</a>
Yesterday, the company highlighted its near-term and long-term financial targets at its 2024<a target="_blank" href="https://www.benzinga.com/24/12/42445818/lowes-targets-1-billion-in-annual-savings-and-expands-store-footprint-to-drive-future-growth" rel="noreferrer noopener"> Analyst and Investor Conference</a>.
Lowe&#8217;s reaffirmed its outlook, projecting total sales between $83 billion and $83.5 billion<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> (consensus estimate: $83.34 billion)</a>.
The company expects comparable sales to decline by 3.0% to 3.5% and adjusted EPS&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42060077/lowes-q3-earnings-revenue-and-eps-beat-but-comp-sales-fall-amid-softness-in-bigger-ticket-diy-discretionary-demand" rel="noreferrer noopener">of $11.80 – $11.90 (consensus estimate: $11.89)</a>.
Lowe&#8217;s plans to unveil its next phase of Perpetual Productivity Improvement (PPI) initiatives, projected to deliver approximately $1 billion in annual cost savings.
The analyst writes that Lowe&#8217;s Analyst Day marked a subtle pivot, signaling that the infrastructure built since CEO Marvin Ellison&#8217;s 2018 arrival is now in place.
The analyst says they continue to favor LOW and write that with the shift to positive comps after three years of pullforward spending and housing headwinds, they believe a moderate 1% comp is reasonable.
The analyst views the 10 basis points of operating margin expansion per comp point and the $1 billion stock repurchase assumption as conservative.
Hoovers adds that Lowe&#8217;s is advancing self-help initiatives to boost top-line growth and margins, reducing the performance gap with Home Depot.
The industry&#8217;s duopoly and resistance to Amazon, along with a strong housing-driven long-term outlook, justify its premium valuation, adds the analyst.
Additionally, the recent decline in long-term rates is expected to boost demand, especially as existing home sales remain at 40-year lows, with potential upside from a Fed rate cut, per the analyst.
As the housing market improves, Horvers expects the company to further re-rate, especially with the 2025 guidance uncertainty cleared.
Investors can gain exposure to the stock via&nbsp;IShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) and&nbsp;VanEck Retail ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RTH#NASDAQ">RTH</a>).
Price Action: LOW shares are down 1.41% at $264.11 at the last check Thursday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42465586" target="_blank" rel="noreferrer noopener">Gevo And LG Chem Double Down On Ethanol-To-Olefins Tech: Details</a></li>
</ul>
Photo via Shutterstock.

Equities

Large Cap

iShares Dow Jones US Homenstruction Index Fund

Merrill Lynch Retail HOLDRS Trust due 12/31/41

Lowe's Positioned For Growth Amid Cost Savings And Housing Recovery: JP Morgan Analyst

Goldman Sachs said in a research note released on Tuesday that it expects continued progress in the autonomous vehicles space, including robotaxis, <a href="https://www.benzinga.com/24/12/42455654/wedbush-securities-sees-tesla-touching-2-trillion-market-cap-by-2025-end-apple-microsoft-nvidia-to-join-4-trillion-market-cap-club-next-year-says-analyst">in 2025.&nbsp;</a>
Expert Ideas: Goldman Sachs analysts predict that vehicles with situationally "eyes-off," or Level 3, AV capabilities will reach approximately 10% of new vehicle sales in 2030. The analysts expect sales of fully autonomous vehicles, Levels 4 and 5, to be relatively low in the near to medium term, but to reach more than one million in 2028 and above two million in 2030.
The firm sees fully autonomous vehicles reaching a mid-teens percentage of global vehicle sales in 2040, including personal ownership of Level 4 vehicles. &nbsp;
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42440681/markets-have-the-green-light-to-rally-after-novembers-yawner-inflation-report-experts-say">&#8216;Markets Have The Green Light To Rally&#8217; After November&#8217;s &#8216;Yawner&#8217; Inflation Report, Experts Say</a> &nbsp;
TSLA: Goldman Sachs highlighted Tesla in the areas of power and platforms, but sees the EV-leader facing headwinds in its core auto business in the near to medium term. The firm pointed to slower global EV demand and pricing pressures as the causes.&nbsp;
Tesla is targeting a 2025 launch of its robotaxi service in Texas and/or California using its Model 3/Y vehicles. The company is also planning to begin production of its Cybercab robotaxi in 2026. Goldman Sachs pointed to increased federal regulatory clarity, especially for consumer vehicles, as being helpful to Tesla as it attempts to scale its Level 4 AVs.&nbsp;
Goldman Sachs maintained a Neutral rating on Tesla stock and raised its price target from $250 to $345.
RIVN: Goldman Sachs noted that Rivian recently deployed its Autonomy+ platform, currently a Level 2 AV driver assist and autonomy feature. Autonomy+ rolled out as a free trial and the firm expects Rivian to monetize the platform in the future, adding another revenue stream for the company.&nbsp;
Goldman Sachs maintained a Neutral rating on Rivian stock and raised its price target from $12 to $13.&nbsp;
TSLA, RIVN Price Action: According to Benzinga Pro, Tesla shares are down 0.42% at $423.00 and Rivian shares are up 1.15% at $13.92 at the time of publication Thursday at midday.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/12/42370672/sofi-makes-spacex-accessible-for-retail-investors">SoFi Unlocks SpaceX Exposure For Retail Investors: Here&#8217;s How</a></li>
</ul>
Image: Shutterstock&nbsp;

RIVN

TSLA

Rivian, Tesla Will Drive Autonomous Vehicle Progress In 2025: Goldman Sachs

SCHAEFFLER AG ADR 2023 Q4 - Results - Earnings Call Presentation

SCHAEFFLER AG ADR (SFFLY) Full Year 2023 Earnings Call Transcript

Schaeffler AG 2024 Q1 - Results - Earnings Call Presentation

Schaeffler AG (SFFLY) Q1 2024 Earnings Call Transcript

Continental AG: Future Growth Combined With A Legacy Business

Schaeffler AG 2024 Q2 - Results - Earnings Call Presentation

Schaeffler AG (SFFLY) Q2 2024 Earnings Call Transcript

APTV

AUROW

BRDCF

BRDCY

MGDDF

MGDDY

PLLIF

SFFLY

UBER

Press Releases

Schaeffler AG has Secured 29.88 Percent of Vitesco Technologies Group AG with its Public Tender Offer

Comments

Schaeffler AG Bearer Preference Shares

Schaeffler AG Bearer Preference Shares (SCFLF) Forecast

Schaeffler AG Bearer Preference Shares (OTC:SCFLF) Stock, Quote.Headers.trade-ideas

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga