Latest news for Shelf Drilling (OTC:SHLLF) Stock

Shelf Drilling Ltd operates as a shallow-water offshore drilling contractor. The company is engaged in the drilling and completion of exploratory and developmental offshore oil and natural gas wells. The business operates in a single segment being Contract services. Geographically, it derives a majority of its revenue from Saudi Arabia and also has a presence in Thailand; Nigeria; the United Arab Emirates; India, and Other Countries.

SHELF DRILLING LTD by Shelf Drilling Ltd.

Shelf Drilling Ltd

News

ORCL

Oracle Launches Java 23 With 12 New JDK Enhancement Proposals To Boost Developer Productivity And Strengthen Performance, Stability, And Security For Accelerating Business Growth

Barrington Research analyst Michael Petusky maintains ModivCare (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MODV#NASDAQ">MODV</a>) with a Outperform and lowers the price target from $35 to $19.

Price Target

Analyst Ratings

MODV

Barrington Research Maintains Outperform on ModivCare, Lowers Price Target to $19

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/09/2024-09-17_08h24_10.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Against Prevailing Wisdom</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-market-microsoft-buyback-trump-crypto-plan-msft-mc-09172024">click here</a> for an enlarged chart of Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock. The chart of MSFT stock is being used to illustrate the point.</li>
<li>The chart shows that after touching the low band of the support zone, MSFT stock has moved up in a straight line.</li>
<li>The chart shows the move up in the early trade on three announcements:
<ul>
<li>Microsoft is announcing a new $60B stock buyback program.&nbsp; This matches the largest buyback program ever from Microsoft.</li>
<li>Microsoft is increasing the dividend by 10%.</li>
<li>Microsoft is introducing more AI features in Office 365 and a new collaborative tool named Copilot Pages.&nbsp; This new tool allows users to collaborate and edit data taken from Copilot on a single page. The company is also introducing a new agent builder allowing users to build AI powered agents.</li>
</ul>
</li>
<li>As full disclosure, Microsoft is in The Arora Report&#8217;s ZYX Buy Core Model Portfolio. The Arora Report has just issued a new buy zone.</li>
<li>Investors are seeing the news from Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as return to normalcy after the pandemic – Amazon will require workers to be at the office five days a week.</li>
<li>The stock market is running as Wall Street positions for a 50 bps rate cut. 50 bps rate cut has now become the prevailing wisdom.</li>
<li>Prudent investors closely watch retail sales data as the U.S. economy is 70% consumer based.&nbsp; In The Arora Report analysis, the data just released is very important because it is the last piece of economic data that the FOMC is going to see before making its rate decision tomorrow.&nbsp; In The Arora Report analysis, the just released retail sales data does not support a 50 bps cut. &nbsp;Here is the latest retail sales data.
<ul>
<li>Headline retail sales came at 0.1% vs. -0.2% consensus.</li>
<li>Retail sales ex-auto came at 0.1% vs. 0.2% consensus.</li>
<li>Prior retail sales were revised to 1.1% from 1.0%.</li>
</ul>
</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in AMZN, MSFT, Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Trump has released details of his crypto project. The project is called World Liberty Financial.  63% of the coins will be bought by the public, 20% will be owned by the founding team, and 17% will be for user rewards.
The release of Trump's crypto project details is bringing in buying in all cryptos, including Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Economics

Markets

General

$BTC

AAPL

AMZN

GOOG

MSFT

NVDA

TSLA

Biggest Even Microsoft Buyback, New Retail Sales Go Against Prevailing Wisdom, Trump Crypto Project

Cantor Fitzgerald analyst Derek Soderberg reiterates Shoals Technologies Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHLS#NASDAQ">SHLS</a>) with a Overweight and maintains $12 price target.

Reiteration

SHLS

Cantor Fitzgerald Reiterates Overweight on Shoals Technologies Gr, Maintains $12 Price Target

WIIM

SWVL

Swvl Holdings shares are trading lower after Wolfpack Research issued a short report on the company.

Barrington Research analyst Vincent Colicchio maintains Hackett Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCKT#NASDAQ">HCKT</a>) with a Outperform and maintains $28 price target.

HCKT

Barrington Research Maintains Outperform on Hackett Group, Maintains $28 Price Target

MUFG

SMFG

Shares of US-listed Japanese banks are trading lower, possibly driven by a recent rise in the yen.

Applovin shares are trading higher after UBS upgraded the stock from Neutral to Buy and raised its price target from $100 to $145.

Würk, a human capital management (HCM) company in the cannabis industry, partnered with The Baldwin Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWIN#NASDAQ">BWIN</a>) to introduce a first-of-its-kind <a href="https://www.benzinga.com/markets/cannabis/22/03/25546864/a-wish-for-the-cannabis-industry-net-positive-integrated-csr">Employee Benefit Captive program</a>. 
This innovative insurance collaboration aims to transform how legal <a href="http://benzinga.com/cannabis">cannabis companies</a> manage and evaluate their health insurance benefits.
<h3 class="wp-block-heading">Comprehensive, Flexible Cannabis Insurance Solutions Introduced</h3>
Through this partnership, Würk and The Baldwin Group — formerly AHT Insurance — will provide Employee Benefit Captives, Predictive Risk Scoring, and 12-month Forward-Looking Claim Projections. 
These tools will give cannabis businesses detailed insights into their health insurance premiums, helping them identify potential cost-saving opportunities while maintaining high-quality employee benefits.
<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 <a href="https://newsletteremail.benzinga.com/subscribe">here</a>. If you&#8217;re serious about the business, you can&#8217;t afford to miss out.</li>
</ul>
The Employee Benefit Captive program offers cannabis businesses a flexible alternative to traditional insurance. By employing artificial intelligence-driven underwriting, it provides a detailed and long-term financial analysis, determining if a company would benefit from joining a captive insurance plan. 
Such plans allow multiple employers to pool resources, creating a stable risk pool managed by a captive manager who sets the premiums based on each employer&#8217;s specific risk profile.
<h3 class="wp-block-heading">Collaboration Elevates Cannabis HR Management Solutions</h3>
"It is often said that knowledge is power and, with that in mind, we are proud to collaborate with Würk to equip cannabis companies with the information needed to make the best decision possible when choosing an insurance plan," said Steven Uno, senior partner at The Baldwin Group. He emphasized that this new method would offer enhanced flexibility and potential cost savings, which could be redirected towards expanding a company's operations in cultivation, manufacturing and beyond.
Furthermore, this collaboration not only provides innovative insurance solutions but also reflects both companies&#8217; commitment to addressing the <a href="https://www.benzinga.com/markets/cannabis/23/11/35655778/scaling-success-through-human-capital-management-essential-advice-for-cannabis-companies-of-all-">unique challenges faced by cannabis businesses</a> in managing employee benefits.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/03/37957963/hiring-surge-predicted-in-cannabis-sector-top-5-high-paying-industry-roles-in-2024">Hiring Surge Predicted In Cannabis Sector: Top 5 High-Paying Industry Roles In 2024</a>
Würk CEO Deborah Saneman praised Baldwin Group as the perfect partner for launching their latest human capital management solution. 
"Expanding our suite of human resource solutions, our Employee Benefit Captive program, along with our ability to offer Predictive Risk Scores and 12-month Forward-Looking Claim Projections, amplifies our commitment to supplying cannabis operators with industry-specific workplace solutions and reemphasizes our position as the legal cannabis industry's premier human capital management solutions provider," Saneman stated.
<h3 class="wp-block-heading">Würk Leading Role In Cannabis HR Management Innovation</h3>
This partnership with Baldwin positions Würk as the first in the sector to offer such a comprehensive suite of tools. These data-driven insurance and HR management solutions are specifically designed to optimize <a href="https://www.benzinga.com/markets/cannabis/23/10/35248919/why-human-capital-is-your-brands-greatest-asset-insights-from-experts-at-benzinga-cannabis-confe">human capital management</a> within the cannabis industry.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/09/40804667/cannabis-hiring-platform-vangst-predicts-1m-full-time-marijuana-jobs-by-2029-announces-acquisiti">Cannabis Hiring Platform Vangst Predicts 1M Full-Time Marijuana Jobs By 2029, Announces Acquisition Of GreenForce Staffing Agency</a></li>
</ul>
Image generated with AI tools.

Cannabis

Insurance

BWIN

EXCLUSIVE: Cannabis Operators Get Tailored Insurance With Würk And The Baldwin Group's New Captive Program

<a href="https://x.com/Newegg/status/1835833732726767869" title="https://x.com/Newegg/status/1835833732726767869">https://x.com/Newegg/status/1835833732726767869</a>

DELL

NEGG

Newegg Posts On X "We're Thrilled To Announce That Newegg Business Is Now An Authorized Partner With Dell Technologies! As Your Trusted Technology Partner, Newegg Business Is Here To Offer: Extensive Product Range, Expert Guidance, Competitive Pricing, Superior Support...."

U.S. stocks were mixed, with the Dow Jones index gaining around 200 points on Monday.
Shares of Compass Minerals International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMP#NYSE">CMP</a>) rose sharply during Tuesday's session after the company announced preliminary third-quarter <a href="https://www.benzinga.com/quote/CMP">revenue above estimates.</a>
Compass Minerals continues to evaluate various alternatives regarding path forward for Fortress North America.
Compass Minerals International shares jumped 24.5% to $11.47 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Talkspace, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TALK#NASDAQ">TALK</a>) gained 20.9% to $2.31 after the company announced it partnered with Amazon Health Services to increase awareness and discoverability of its services.</li>
<li>Gannett Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCI#NYSE">GCI</a>) rose 14.5% to $5.28 after Citigroup upgraded the stock from Sell to Neutral.</li>
<li>Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) surged 14% to $1.5740. Gevo, on Monday, announced it secured a U.S. Patent for the Ethanol to Olefins (ETO) process, strengthening its IP leadership in bio-based renewable fuel and chemical production.</li>
<li>Ginkgo Bioworks Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNA#NYSE">DNA</a>) gained 12.7% to $7.03. Ginkgo Bioworks launched new Protein LLM and Model API built on Google Cloud Technology.</li>
<li>Designer Brands Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DBI#NYSE">DBI</a>) rose 11.3% to $6.61.</li>
<li>GDS Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDS#NYSE">GDS</a>) gained 10.7% to $17.84.</li>
<li>Teladoc Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDOC#NYSE">TDOC</a>) jumped 10.4% to $9.01.</li>
<li>Definitive Healthcare Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DH#NASDAQ">DH</a>) shares rose 9.5% to $4.86. BTIG analyst David Larsen initiated coverage on Definitive Healthcare with a Buy rating and announced a price target of $7.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose 9.2% to $20.80.</li>
<li>Dime Community Bancshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) gained 8% to $28.10.</li>
<li>Torrid Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURV#NYSE">CURV</a>) jumped 8.3% to $4.29 after William Blair upgraded the stock from Market Perform to Outperform.</li>
<li>Sleep Number Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNBR#NASDAQ">SNBR</a>) gained 7.7% to $18.91. Piper Sandler analyst Peter Keith maintained Sleep Number with a Neutral and raised the price target from $12 to $16.</li>
<li>Icahn Enterprises L.P. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IEP#NASDAQ">IEP</a>) rose 6.7% to $13.20 after the company announced the class action lawsuit against the company, certain directors, and officers has been dismissed without prejudice by a district court judge.</li>
<li>LivaNova PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIVN#NASDAQ">LIVN</a>) gained 6.5% to $51.97. Baird analyst David Rescott upgraded LivaNova from Neutral to Outperform and raised the price target from $55 to $66.</li>
<li>Hewlett Packard Enterprise Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) rose 5.6% to $18.20 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $21 to $24.</li>
<li>Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) gained 5.3% to $123.82.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/24/09/40898216/cramer-hewlett-packard-is-a-very-inexpensive-stock-likes-this-big-tech-stock">Cramer: Hewlett Packard Is A &#8216;Very Inexpensive&#8217; Stock, Likes This Big Tech Stock</a></li>
</ul>

Intraday Update

Movers

ABNB

CURV

DCOM

GEVO

LIVN

SNBR

TALK

TDOC

Compass Minerals, Torrid Holdings, Icahn Enterprises, Hewlett Packard Enterprise And Other Big Stocks Moving Higher On Tuesday

RBC Capital analyst Christopher Dendrinos maintains GE Vernova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>) with a Outperform and raises the price target from $192 to $246.

RBC Capital Maintains Outperform on GE Vernova, Raises Price Target to $246

Trading Ideas

Swvl Holdings Shares Resume Trade

The seller of a $79 million mansion near Miami Beach, purchased by Jeff Bezos, is suing the Realtor who handled the deal, accusing them of hiding the buyer's identity.
Leo Kryss, co-founder of Brazilian toy and electronics company Tectoy, filed a lawsuit against Douglas Elliman, saying that not disclosing that Bezos was the buyer may have cost him up to $6 million. According to The Wall Street Journal, Kryss claims that the real estate firm's CEO personally informed him that Bezos was not the buyer of the seven-bedroom, 14-bathroom property on a 2.8-acre estate.
Don't Miss:
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<li>Miami is expected to take New York's place as the U.S. Financial Capital.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Here's how you can invest in the city before that happens</a>.</li>
<li>During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes"> high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.</a></li>
<li>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
</ul>
"Douglas Elliman failed to fulfill their duties to our client," Dana Clayton, an attorney for Kryss, told the WSJ. "They knew or should have known who the ultimate beneficial purchaser was and misrepresented that very important fact to our client."
Kryss listed the property for sale last year at $85 million. Bezos had already bought the neighboring estate for $68 million and later made an anonymous $79 million offer for Kryss's home.
Trending: Elon Musk and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US.<a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital"> Investing in its booming real estate market has never been more accessible.</a>
Bezos announced earlier this year that he would<a href="https://www.benzinga.com/real-estate/23/12/36158658/bezos-leaving-behind-a-massive-seattle-real-estate-portfolio-as-he-and-lauren-sanchez-plan-move-miam"> move to Miami</a> with his fiancee, Lauren Sanchez. He cited several reasons, including his desire to move closer to his parents, Sanchez's love of South Florida, and<a href="https://www.benzinga.com/news/24/05/38865498/jeff-bezos-owned-blue-origin-to-resume-space-tourism-flights-after-nearly-2-year-long-hiatus"> Blue Origin</a>, his space exploration company that launches from Cape Canaveral.
When he completes the move to Miami, Bezos will leave behind a Seattle real estate empire estimated to be worth $190 million.
According to the lawsuit, Kryss inquired whether Bezos was behind the offer, but Douglas Elliman CEO Jay Parker allegedly assured him that Bezos was not the buyer. Parker also stated that the buyer would not be willing to pay more than $79 million for the property.
Trending: 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>
According to the lawsuit, the real estate agent handling the sale, Celine Klepach, is the daughter of Benny Klepach, the mayor of Indian Creek, the WSJ reported. She allegedly gave Kryss the impression that the Klepach family was purchasing the property.
After the sale, Kryss discovered that the offer had come from Bezos. The lawsuit claims that Kryss would not have agreed to a 7% price reduction had he known the buyer&#8217;s true identity.
Indian Creek Island, often called "Billionaire Bunker," is home to several high-profile residents, including Jared Kushner, Ivanka Trump and retired NFL star Tom Brady.
Read Next:
<ul>
<li>Elon Musk&#8217;s secret mansion in Austin revealed through court filings.<a href="https://www.benzinga.com/money/elon-musk-secret-mansion-austin-nada"> Here&#8217;s how to invest in the city&#8217;s growth before prices go back up.</a></li>
<li>Will the surge continue or decline on real estate prices?<a href="https://www.benzinga.com/money/realbricks"> People are finding out about risk-free real estate investing that lets you cash out whenever you want.</a></li>
</ul>

Real Estate

Realtor Accused Of Hiding Bezos' Identity In $79 Million Mansion Sale – 'They Knew Or Should Have Known …'

Swvl Holdings Shares Halted On Circuit Breaker To The Downside, Stock Now Down -11.1%

Barclays analyst Ross Sandler maintains Talen Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLN#NASDAQ">TLN</a>) with a Overweight and raises the price target from $178 to $207.

Barclays Maintains Overweight on Talen Energy, Raises Price Target to $207

<a href="https://www.wolfpackresearch.com/items/swvl%2C-a-%E2%80%9Ctransportation-as-a-service%E2%80%9D-start-up-appears-to-be-a-few-breaths-away-from-bankruptcy" title="https://www.wolfpackresearch.com/items/swvl%2C-a-%E2%80%9Ctransportation-as-a-service%E2%80%9D-start-up-appears-to-be-a-few-breaths-away-from-bankruptcy">https://www.wolfpackresearch.com/items/swvl%2C-a-%E2%80%9Ctransportation-as-a-service%E2%80%9D-start-up-appears-to-be-a-few-breaths-away-from-bankruptcy</a>

Short Sellers

Watching Swvl Holdings; Wolfpack Research Issues Report On Co Titled "SWVL, a "Transportation-as-a-Service" Start-up Appears to Be a Few Breaths Away from Bankruptcy"

In a recent discussion, Morgane Delledonne, head of investment strategy at Global X ETFs, shed light on the Federal Reserve&#8217;s interest rate policy and its effect on the markets.
What Happened: Delledonne, in an interview with <a href="https://www.cnbc.com/video/2024/09/17/what-the-fed-wants-and-what-markets-want-are-different-things-strategist.html">CNBC</a> on Monday, highlighted the gap between the Federal Reserve&#8217;s goals and the expectations of the market. 
&#8220;What the Fed wants and what the market wants are two different things,&#8221; she explained.
She pointed out that the Federal Reserve heavily depends on economic data, which currently suggests a robust economy despite some weakening in the job market. However, Delledonne emphasized that core inflation continues to remain high.
Delledonne opined that the Fed is unlikely to risk the downward inflation trend by being overly aggressive. 
&#8220;I don&#8217;t see the balance of risks pointing to a 50 basis points cut,&#8221; she said. She also suggested that such a move by the Fed could signal to the market that a recession risk is imminent.
See Also: <a href="https://www.benzinga.com/news/earnings/24/09/40874119/s-p-500-nasdaq-futures-mixed-as-rate-cut-hopes-weigh-on-techs-fund-manager-sees-near-term-correctio?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nasdaq, S&amp;P 500 Futures Sag In Fed Decision Week: What&#8217;s Going On Techs: Fund Manager Sees Near-Term Corrections As Buying Opportunities</a>
Why It Matters: The Federal Reserve&#8217;s interest rate policy significantly influences the financial markets. The Federal Reserve was <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40878710/investors-bet-on-50-basis-point-rate-cut-wall-street-analysts-urge-caution-this-is-">set to cut the federal funds</a> rate for the first time in over four years. The market participants were leaning towards a larger 50-basis-point cut, with a 65% probability.
Furthermore, the <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40855247/fed-rate-cuts-and-s-p-500-the-why-matters-most-data-shows">performance of the S&amp;P 500</a> following the Federal Reserve&#8217;s rate cuts largely depends on whether the economy is in a recession or not. The stock markets typically experienced significant declines after the Fed&#8217;s initial rate cut during recessionary periods.
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Illustration created using artificial intelligence via MidJourney.

Analyst Color

'What The Fed Wants And What The Market Wants Are Two Different Things,' Expert Says As Investors Brace For 50 Basis Points Rate Cut

High-rolling investors have positioned themselves bearish on First Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FSLR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for First Solar. This is not a typical pattern.
The sentiment among these major traders is split, with 25% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $4,110,000, and 7 calls, totaling $336,341.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $200.0 to $260.0 for First Solar over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for First Solar'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 First Solar's whale trades within a strike price range from $200.0 to $260.0 in the last 30 days. 
<h3>First Solar Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726582574_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>FSLR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$14.2</td>
<td>$12.65</td>
<td>$13.7</td>
<td>$200.00</td>
<td>$4.1M</td>
<td>9.5K</td>
<td>3.0K</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$7.5</td>
<td>$7.05</td>
<td>$7.25</td>
<td>$260.00</td>
<td>$126.8K</td>
<td>496</td>
<td>183</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$25.0</td>
<td>$23.0</td>
<td>$24.0</td>
<td>$240.00</td>
<td>$64.8K</td>
<td>1.2K</td>
<td>27</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$4.0</td>
<td>$3.35</td>
<td>$3.35</td>
<td>$240.00</td>
<td>$33.8K</td>
<td>3.4K</td>
<td>208</td>
</tr>
<tr>
<td>FSLR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.2</td>
<td>$6.55</td>
<td>$8.2</td>
<td>$232.50</td>
<td>$32.8K</td>
<td>663</td>
<td>46</td>
</tr>
</tbody>
</table>

<h3>About First Solar</h3>
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
After a thorough review of the options trading surrounding First Solar, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of First Solar</h3>
<ul>
<li>Trading volume stands at 271,464, with FSLR's price up by 1.54%, positioned at $236.9.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 42 days.</li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for First Solar with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

FSLR

Check Out What Whales Are Doing With FSLR

Whales with a lot of money to spend have taken a noticeably bearish stance on Eli Lilly.
Looking at options history for Eli Lilly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) we detected 30 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 43% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $423,567 and 26, calls, for a total amount of $4,363,478.
<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 $700.0 to $1100.0 for Eli Lilly during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Eli Lilly options trades today is 498.6 with a total volume of 1,460.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Eli Lilly's big money trades within a strike price range of $700.0 to $1100.0 over the last 30 days.
<h3>Eli Lilly Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726582568_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$223.4</td>
<td>$217.55</td>
<td>$220.0</td>
<td>$700.00</td>
<td>$2.2M</td>
<td>836</td>
<td style="text-align: right;">300</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$81.9</td>
<td>$80.95</td>
<td>$81.9</td>
<td>$900.00</td>
<td>$311.3K</td>
<td>1.8K</td>
<td style="text-align: right;">46</td>
</tr>
<tr>
<td>LLY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$28.3</td>
<td>$25.0</td>
<td>$25.0</td>
<td>$900.00</td>
<td>$300.4K</td>
<td>883</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$119.15</td>
<td>$115.4</td>
<td>$119.15</td>
<td>$840.00</td>
<td>$273.9K</td>
<td>459</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>LLY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$51.65</td>
<td>$48.8</td>
<td>$48.8</td>
<td>$930.00</td>
<td>$239.1K</td>
<td>535</td>
<td style="text-align: right;">100</td>
</tr>
</tbody>
</table>

<h3>About Eli Lilly</h3>
Eli Lilly is a drug firm with a focus on neuroscience, cardiometabolic, cancer, and immunology. Lilly's key products include Verzenio for cancer; Mounjaro, Zepbound, Jardiance, Trulicity, Humalog, and Humulin for cardiometabolic; and Taltz and Olumiant for immunology.
Following our analysis of the options activities associated with Eli Lilly, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Eli Lilly</h3>
<ul>
<li>Currently trading with a volume of 365,615, the LLY's price is down by -1.32%, now at $911.36. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 44 days.</li>
</ul>
<h3>Professional Analyst Ratings for Eli Lilly</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $1007.2.
<ul>
<li>In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $885. </li>
<li>Reflecting concerns, an analyst from Citigroup lowers its rating to Buy with a new price target of $1060.</li>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Eli Lilly with a target price of $1100. </li>
<li>In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $885. </li>
<li>An analyst from Morgan Stanley has revised its rating downward to Overweight, adjusting the price target to $1106. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Eli Lilly with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Unpacking the Latest Options Trading Trends in Eli Lilly

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