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Uber Technologies

Uber Technologies is a technology provider that matches riders with drivers, hungry people with restaurants and food delivery service providers, and shippers with carriers. The firm's on-demand technology platform could eventually be used for additional products and services, such as autonomous vehicles, delivery via drones, and Uber Elevate, which, as the firm refers to it, provides "aerial ride-sharing." Uber Technologies is headquartered in San Francisco and operates in over 63 countries with over 150 million users who order rides or food at least once a month.

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Joby Aviation aims to revolutionize urban commuting with flying taxis, but faces regulatory hurdles and investor scrutiny as launch timelines remain uncertain.

Joby Aviation May Launch Flying Taxis By 2025 - What&#39;s Going On?

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Amazon, Meta, Uber Remain &#39;Top Overall Picks&#39; At JPMorgan Ahead Of Q1 Earnings

LYFT

The showdown in Minneapolis over a May 1 level of minimum pay for what the city calls Transportation Network Companies — specifically, Uber and Lyft — has been put off for at least two months.

With both companies having said they would pull out of the city when the minimum compensation ordinance went into effect at the start of next month — and news reports sayin

Minimum Pay for Uber, Lyft Drivers in Minneapolis Pushed Back to July

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ROKU

Roku shares are trading lower in sympathy with Netflix, which fell after reporting Q1 financial results.

Amazon shares are trading lower amid overall tech weakness.

Uber shares are trading lower. The stock fell earlier in the week on reports senators are seeking information on delivery companies' junk fees.

<p><a href="https://www.audacy.com/talk1370/news/business/cannabis-seizures-at-checkpoints-by-us-mexico-border-frustrates-state-authorized-pot-industry?utm_source=dlvr.it&amp;utm_medium=twitter">https://www.audacy.com/talk1370/news/business/cannabis-seizures-at-checkpoints-by-us-mexico-border-frustrates-state-authorized-pot-industry?utm_source=dlvr.it&amp;utm_medium=twitter</a></p>
<p>The U.S. Border Patrol is asserting its right to seize cannabis shipments — including commercial, state-authorized supplies — as licensed cannabis providers file complaints that more than $300,000 worth of marijuana has been confiscated in recent months at highway checkpoints in southern New Mexico.</p>
<p>New Mexico's Democratic governor says the disruptions prompted a discussion this week with U.S. Homeland Security Secretary <a href="https://apnews.com/hub/alejandro-mayorkas">Alejandro Mayorkas</a>, whose impeachment charges were dismissed this week. Gov. Michelle Lujan Grisham says she voiced concerns that the scrutiny of cannabis companies appears to be greater in New Mexico than <a href="https://apnews.com/article/420-history-marijuana-07ecdd87c4756cc4a1dbd4ad3b1f682c">states with regulated markets</a> that aren't along the U.S. border with Mexico.</p>
<p>Authorized cannabis sales in New Mexico have exceeded $1 billion since regulation and <a href="https://apnews.com/article/health-business-texas-new-mexico-marijuana-f786a646543955f1db4a9e51cee79e8c">taxation of the recreational market</a> began two years ago. Yet cannabis transport drivers say they have been detained hours while supplies are seized at permanent Border Patrol checkpoints that filter inbound traffic for unauthorized migrants and illegal narcotics, typically located about 60 miles (100 kilometers) from the U.S. border.</p>
<p>"Secretary Mayorkas assured the governor that federal policies with respect to legalized cannabis have not changed," said Lujan Grisham spokesperson Michael Coleman in an email. "Regardless, the governor and her administration are working on a strategy to protect New Mexico's cannabis industry."</p>
<p>Managers at 10 cannabis businesses including transporters last week petitioned New Mexico's congressional delegation to broker free passage of shipments, noting that jobs and investments are at stake, and that several couriers have been sidelined for "secondary inspection" and fingerprinted at Border Patrol checkpoints.</p>
<p>"We request that operators who have had product federally seized should be allowed to either get their product returned or be monetarily compensated for the losses they've sustained," the letter states.</p>
<p>U.S. Sen. Martin Heinrich said the Department of Homeland Security should be focused on urgent priorities that don't include cannabis suppliers that comply with state law.</p>
<p>"Stopping the flow of illicit fentanyl into our country should be the Department of Homeland Security's focus at these checkpoints, not seizing cannabis that's being transported in compliance with state law," the senator said in a statement, referring to the parent agency for U.S. Customs and Border Patrol. "New Mexicans are depending on federal law enforcement to do everything they can to keep our communities safe. Our resources should be used to maximize residents' safety, not distract from it."</p>
<p>A public statement Thursday from the U.S. Border Patrol sector overseeing New Mexico provided a reminder that cannabis is still a "Schedule 1" drug, a designation also assigned to heroin and LSD.</p>
<p>"Although medical and recreational marijuana may be legal in some U.S. States and Canada, the sale, possession, production and distribution of marijuana or the facilitation of the aforementioned remain illegal under U.S. federal law," the agency's statement said. "Consequently, individuals violating the Controlled Substances Act encountered while crossing the border, arriving at a U.S. port of entry, or at a Border Patrol checkpoint may be deemed inadmissible and/or subject to, seizure, fines, and/or arrest."</p>
<p>Matt Kennicott, an owner of Socorro-based High Maintenance, a cannabis business, said seizures by Border Patrol started in February without warning and create uncertainty about shipments that include samples for consumer-safety testing. He said cannabis producers in southernmost New Mexico rely on testing labs farther north, on the other side of Border Patrol checkpoints, to comply with safeguards against contaminants like mold or pesticides.</p>
<p>"It's not a little confusing, it's a lot confusing," he said. "We're trying to figure out where this directive came from."</p>


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'Cannabis Seizures At Checkpoints By U.S.-Mexico Border Frustrates State-Authorized Pot Industry' - Audacy Citing AP

COIN

Coinbase shares are trading lower, reversing after earlier gaining with a rise in Bitcoin.

SPOT

Spotify shares are trading lower despite a lack of negative company-specific news.

<p>Deep-pocketed investors have adopted a bearish approach towards Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in WOLF usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Wolfspeed. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 46% leaning bullish and 53% bearish. Among these notable options, 6 are puts, totaling $1,620,510, and 9 are calls, amounting to $724,498.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $15.0 to $60.0 for Wolfspeed over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>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 Wolfspeed'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 Wolfspeed's whale trades within a strike price range from $15.0 to $60.0 in the last 30 days. </p>
<h3>Wolfspeed Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713555099_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.7</td>
<td>$4.5</td>
<td>$4.55</td>
<td>$20.00</td>
<td>$1.3M</td>
<td>18.2K</td>
<td>5.5K</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$2.45</td>
<td>$2.3</td>
<td>$2.45</td>
<td>$30.00</td>
<td>$245.1K</td>
<td>221</td>
<td>1.0K</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$3.4</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$60.00</td>
<td>$215.1K</td>
<td>681</td>
<td>855</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$2.2</td>
<td>$2.1</td>
<td>$2.1</td>
<td>$25.00</td>
<td>$82.3K</td>
<td>3.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$3.4</td>
<td>$2.95</td>
<td>$3.3</td>
<td>$60.00</td>
<td>$63.0K</td>
<td>681</td>
<td>855</td>
</tr>
</tbody>
</table>
</p>
<h3>About Wolfspeed</h3>
<p>Wolfspeed Inc is involved in the manufacturing of wide bandgap semiconductors. It is focused on silicon carbide and gallium nitride materials and devices for power and radio-frequency (RF) applications. The company serves applications such as transportation, power supplies, inverters, and wireless systems. Geographically, it derives a majority of revenue from Europe and also has a presence in the United States; China; Japan; South Korea, and other countries.</p>
<p>After a thorough review of the options trading surrounding Wolfspeed, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Wolfspeed Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 3,333,532, the WOLF's price is down by -5.19%, now at $22.49. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 12 days.</li>
</ul>
<h3>What Analysts Are Saying About Wolfspeed</h3>
<p>In the last month, 4 experts released ratings on this stock with an average target price of $32.5.</p>
<ul>
<li>An analyst from Wells Fargo downgraded its action to Equal-Weight with a price target of $30. </li>
<li>An analyst from Susquehanna persists with their Neutral rating on Wolfspeed, maintaining a target price of $35. </li>
<li>Reflecting concerns, an analyst from Mizuho lowers its rating to Neutral with a new price target of $30.</li>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Neutral rating on Wolfspeed with a target price of $35. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Wolfspeed options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

WOLF

Looking At Wolfspeed's Recent Unusual Options Activity

<p>Deep-pocketed investors have adopted a bearish approach towards Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PINS usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Pinterest. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 9 are puts, totaling $453,788, and 6 are calls, amounting to $728,762.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $45.0 for Pinterest over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Pinterest's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Pinterest's significant trades, within a strike price range of $30.0 to $45.0, over the past month.</p>
<h3>Pinterest Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713555093_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PINS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.85</td>
<td>$4.65</td>
<td>$4.66</td>
<td>$45.00</td>
<td>$582.5K</td>
<td>431</td>
<td>1.2K</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$2.29</td>
<td>$2.25</td>
<td>$2.25</td>
<td>$30.00</td>
<td>$112.5K</td>
<td>240</td>
<td>500</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$11.7</td>
<td>$11.6</td>
<td>$11.7</td>
<td>$44.00</td>
<td>$98.2K</td>
<td>168</td>
<td>84</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.78</td>
<td>$2.69</td>
<td>$2.69</td>
<td>$30.00</td>
<td>$72.0K</td>
<td>91</td>
<td>268</td>
</tr>
<tr>
<td>PINS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$2.59</td>
<td>$2.58</td>
<td>$2.59</td>
<td>$33.00</td>
<td>$34.7K</td>
<td>2.9K</td>
<td>189</td>
</tr>
</tbody>
</table>
</p>
<h3>About Pinterest</h3>
<p>Pinterest is an online product and idea discovery platform that helps users gather ideas on everything from cooking recipes to travel destinations. Founded in 2010, the platform consists of a largely female audience, which accounts for roughly two thirds of its nearly 500 million monthly active users. The company generates revenue by selling digital ads and is now rolling out more in-platform e-commerce features. About 20% of users reside in the US and Canada, but the region accounted for about 80% of revenue in 2023.</p>
<p>Following our analysis of the options activities associated with Pinterest, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Pinterest</h3>
<ul>
<li>Trading volume stands at 5,218,165, with PINS's price down by -1.58%, positioned at $32.39.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 11 days.</li>
</ul>
<h3>What Analysts Are Saying About Pinterest</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $48.0.</p>
<ul>
<li>An analyst from Piper Sandler downgraded its action to Overweight with a price target of $48. </li>
</ul>
<p>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 Pinterest with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


PINS

Smart Money Is Betting Big In PINS Options

<p>Deep-pocketed investors have adopted a bearish approach towards Alcoa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AA usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Alcoa. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 9 are puts, totaling $505,027, and 2 are calls, amounting to $149,975.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $25.0 to $50.0 for Alcoa over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>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 Alcoa'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 Alcoa's whale trades within a strike price range from $25.0 to $50.0 in the last 30 days. </p>
<h3>Alcoa Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713555088_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>AA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$14.9</td>
<td>$14.8</td>
<td>$14.8</td>
<td>$50.00</td>
<td>$128.7K</td>
<td>24</td>
<td style="text-align: right;">89</td>
</tr>
<tr>
<td>AA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$4.25</td>
<td>$4.2</td>
<td>$4.25</td>
<td>$35.00</td>
<td>$110.5K</td>
<td>329</td>
<td style="text-align: right;">260</td>
</tr>
<tr>
<td>AA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$10.75</td>
<td>$10.6</td>
<td>$10.75</td>
<td>$25.00</td>
<td>$102.1K</td>
<td>500</td>
<td style="text-align: right;">96</td>
</tr>
<tr>
<td>AA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$3.85</td>
<td>$3.8</td>
<td>$3.85</td>
<td>$35.00</td>
<td>$56.5K</td>
<td>530</td>
<td style="text-align: right;">986</td>
</tr>
<tr>
<td>AA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$5.5</td>
<td>$5.4</td>
<td>$5.5</td>
<td>$35.00</td>
<td>$47.8K</td>
<td>1.4K</td>
<td style="text-align: right;">6</td>
</tr>
</tbody>
</table>
</p>
<h3>About Alcoa</h3>
<p>Alcoa Corp is a vertically integrated aluminum company whose operations include bauxite mining, alumina refining, and the manufacture of primary aluminum. It is a bauxite miner and alumina refiner by production volume, and its profits are closely tied to prevailing commodity prices along the aluminum supply chain. The company segments include Bauxite; Alumina and Aluminum. It generates maximum revenue from the Aluminum segment. Geographically, it derives a majority of its revenue from the United States.</p>
<h3>Alcoa's Current Market Status</h3>
<ul>
<li>Trading volume stands at 6,025,898, with AA's price up by 0.49%, positioned at $35.65.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 89 days.</li>
</ul>
<h3>What Analysts Are Saying About Alcoa</h3>
<p>Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $37.0.</p>
<ul>
<li>An analyst from B. Riley Securities has decided to maintain their Neutral rating on Alcoa, which currently sits at a price target of $31. </li>
<li>Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Alcoa, targeting a price of $37. </li>
<li>An analyst from UBS persists with their Sell rating on Alcoa, maintaining a target price of $32. </li>
<li>An analyst from Jefferies has decided to maintain their Buy rating on Alcoa, which currently sits at a price target of $48. </li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Alcoa, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Smart Money Is Betting Big In Alcoa Options

Entergy shares are trading higher. KeyBanc maintained its Overweight rating on the stock and raised its price target from $108 to $112.

Kinder Morgan shares are trading higher. The company onWednesday reported Q1 earnings and increased its quarterly dividend.

<p>The crypto community is buzzing with excitement as the highly anticipated <a href="https://www.benzinga.com/topic/bitcoin-halving">Bitcoin Halving</a> event is set to commence in just a few hours.</p>
<p><strong>What Happened:</strong> <strong>Bitwise</strong> CIO Matt <strong>Hougan</strong> in his Friday <a href="https://www.cnbc.com/video/2024/04/19/bitcoin-prices-will-rally-substantially-after-this-weeks-halving-says-bitwise-cio-matt-hougan.html">interview</a> with CNBC stated that <strong>Bitcoin </strong>(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is experiencing a demand shock from the launch of spot Bitcoin ETFs and a supply shock from the Halving. Both events occurring at the same time have created an exciting setup for the crypto industry.</p>
<p>Crypto trader <strong>Stockmoney Lizards</strong> recently <a href="https://twitter.com/StockmoneyL/status/1781218191600955450">highlighted</a> Bitcoin&#8217;s pump off the horizontal support zone, indicating a local bottom. However, the ascending trendline continues to serve as a significant resistance point, suggesting that the correction phase is still in progress.</p>
<p>Renowned market analyst <strong>The Flow Horse</strong> shared a lighthearted <a href="https://twitter.com/TheFlowHorse/status/1781057301727592729">tweet</a> depicting a series of bounces and drops, indicating a volatile period ahead for investors. </p>
<p>He predicts a 20% drop after the first bounce, which will create panic selling, followed by a marginal bounce back as investors regain confidence. The Flow Horse expects this pattern of drops and bounces to repeat three to four times until emotional fatigue sets in, leading to a market slowdown until Labor Day.</p>
<p><figure class="wp-block-image size-full"><a href="https://www.benzinga.com/money/is-ethereum-a-good-investment"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure></p>
<p><em>Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38321951/what-happens-after-the-bitcoin-halving">What Happens After The Bitcoin Halving?</a></em></p>
<p><strong>Why It Matters:</strong> The Bitcoin Halving, which occurs approximately every four years, reduces the number of new bitcoins created and earned by miners by half. This event is often associated with price volatility in the cryptocurrency market.</p>
<p>Crypto trader <strong>PlanB</strong> <a href="https://twitter.com/100trillionUSD/status/1781260966295924813">estimates</a> a 4x surge in Bitcoin&#8217;s price within the next 6 to 18 months following the Halving, as &#8220;the rest of the market rushes to get a piece of the pie.&#8221;</p>
<p>While experts forecast volatile price movements in Bitcoin after the Halving, investors are advised to approach the market with caution during this period, keeping in mind the potential for rapid changes in market conditions.</p>
<p><strong>What's Next</strong>: The influence of <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a> is expected to be thoroughly explored at Benzinga's upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38277523/bitcoin-halving-jitters-why-10x-research-urges-caution">Bitcoin Halving Jitters: Why 10x Research Urges Caution</a></em></p>
<p><em>Image: Shutterstock</em></p>


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

Cryptocurrency

$BTC

Happy Bitcoin Halving Day: What Experts Predict Happens Next

<p>Value Line, Inc. (NASDAQ: <strong>VALU</strong>) announced today that its Board of Directors declared on April 19, 2024 a quarterly cash dividend of $0.30 per common share, payable on May 10, 2024, to stockholders of record on April 29, 2024. The 2024 increase of eight cents per year when annualized represents the tenth consecutive year of increases for the 93-year-old investment research icon. Based on a full year at the new rate, the new dividend level will reach $1.20 per share. The Company has 9,422,983 shares of common stock outstanding as of April 19, 2024.</p>


Dividends

VALU

Value Line Announces Increase Quarterly Cash Dividend From $0.28 To $0.30 Per Common Share

CAMT

KLAC

MCHP

MPWR

QCOM

Shares of semiconductor and chip stocks are trading lower. The sector has been under pressure this week following earnings from ASML and TSMC. Stocks have been mixed Friday amid overall market uncertainty on Iran-Israel tensions.

<p>Jim Cramer recently hyped up one of his guests in advance of his CNBC show "Mad Money," posting on X that people "will be very interested in MindMed for certain &#8230; LSD," and he made sure his interview did not disappoint.</p>
<p><strong>Mind Medicine Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNMD#NASDAQ">MNMD</a>) sees a massive market opportunity ahead, citing 21% of U.S. adults with an anxiety disorder, an estimated 4.4% of U.S. adults with attention-deficit/hyperactivity disorder (ADHD) and a $461 billion economic cost from autism spectrum disorder by 2025.</p>
<p><strong>Don't Miss:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/money/zette"><strong>Anyone can invest in this Harvard-founded AI startup</strong></a></strong><strong> solving paywalls and growing 5x yearly by partnering with Forbes, Daily News and more.</strong></li>
<li><strong></strong><strong>Invest alongside execs from Uber, Facebook and Apple in this<a href="https://www.benzinga.com/money/aura"><strong> </strong><strong>wellness app Transforming a $5.6 TRILLION dollar industry</strong></a>.</strong></li>
</ul>
<p>While the conditions they're seeking to treat are not new, MindMed's plan to treat patients with LSD and MDMA-derived therapies could be described as unconventional.</p>
<p>But its story has gained investors' attention. MindMed shares have had an impressive run this year, with its stock up over 167% year to date.</p>
<p>One reason for the stock's recent jump was the Food and Drug Administration's (FDA) decision to grant breakthrough designation for MindMed's LSD-based treatment for generalized anxiety disorder.</p>
<p><a href="https://www.benzinga.com/topic/mindmed">MindMed</a> Chief Medical Officer Dr. Daniel Karlin described the achievement, saying, "A breakthrough designation is a recognition that a drug has demonstrated evidence of clinical efficacy in meeting an unmet medical need" and called it "an offer from the agency to engage more closely in drug development."</p>
<p><strong>Trending: Invest like a millionaire. Exclusive opportunity to<a href="https://www.benzinga.com/money/epic-games"><strong> </strong><strong>invest in Epic Games $17 billion gaming empire.</strong></a></strong></p>
<p>Following the interview, Cramer suggested that scientific advances in psychedelics-based therapy are taking a backseat to political agendas, posting on X that "<a href="https://t.co/OfcgQY7TtX">Mindmed.com</a> intrigued me because it is pretty clear that the LSD-derived antidepressants were blocked politically and criminalized after good tests showing they worked!!!"</p>
<p>MindMed reported results from its phase IIB trial of its MM-120 drug, an LSD-derived therapy, which showed a 78% clinical response against anxiety versus just 31% for a placebo.</p>
<p>Only "transient mild-to-moderate" adverse effects were reported, with none of the study's participants in even the highest trial doses stopping the trial because of side effects.</p>
<p>"These promising findings represent a major step forward in our goal to bring a paradigm-shifting treatment to the millions of patients who are profoundly impacted by GAD [generalized anxiety disorder]," MindMed CEO Robert Barrow said.&nbsp;</p>
<p>MindMed's shares still have a long way to go to get back to its 2021 peak, with the stock down nearly 84% since then.</p>
<p>The stocks of other companies developing psychedelic-derived therapies, such as <strong>ATAI Life Sciences</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATAI#NASDAQ">ATAI</a>) and <strong>Compass Pathways</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPS#NASDAQ">CMPS</a>), also remain well off their peaks.</p>
<p><strong>Keep Reading <a href="https://www.benzinga.com/alternative-investments/startups"><strong>About Startups</strong></a>:</strong></p>
<ul>
<li><strong></strong><strong>This startup coined &#8220;eBay for gamers&#8221; with a breathtaking track record has opened up<a href="https://www.benzinga.com/money/gameflip-2"><strong> a window to invest in its future growth</strong></a>.</strong></li>
<li><strong></strong><strong>Join the elite. Invest in Epic Games and<a href="https://www.benzinga.com/money/epic-games"><strong> </strong><strong>own a piece of the $17 billion Fortnite empire</strong></a>.</strong></li>
</ul>


ATAI

CMPS

MNMD

Jim Cramer Slams Political Blocking Of 'LSD-Derived Antidepressants,' Citing Strong Test Data 'Showing They Worked'

ALAB

Astera Labs shares are trading lower. The stock may be experiencing continued post-IPO volatility.

<p>Financial giants have made a conspicuous bearish move on Bristol-Myers Squibb. Our analysis of options history for Bristol-Myers Squibb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) revealed 8 unusual trades.</p>
<p>Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $307,804, and 4 were calls, valued at $200,253.</p>
<h3>Predicted Price Range</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $43.0 to $55.0 for Bristol-Myers Squibb over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Bristol-Myers Squibb's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Bristol-Myers Squibb's whale activity within a strike price range from $43.0 to $55.0 in the last 30 days. </p>
<h3>Bristol-Myers Squibb 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713554179_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>BMY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.5</td>
<td>$55.00</td>
<td>$107.2K</td>
<td>667</td>
<td>143</td>
</tr>
<tr>
<td>BMY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$3.6</td>
<td>$3.4</td>
<td>$3.52</td>
<td>$45.00</td>
<td>$105.6K</td>
<td>1.2K</td>
<td>0</td>
</tr>
<tr>
<td>BMY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$7.3</td>
<td>$7.15</td>
<td>$7.25</td>
<td>$43.00</td>
<td>$90.6K</td>
<td>60</td>
<td>126</td>
</tr>
<tr>
<td>BMY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.5</td>
<td>$55.00</td>
<td>$65.2K</td>
<td>667</td>
<td>230</td>
</tr>
<tr>
<td>BMY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$0.99</td>
<td>$0.98</td>
<td>$0.98</td>
<td>$50.00</td>
<td>$56.7K</td>
<td>7.6K</td>
<td>1.2K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Bristol-Myers Squibb</h3>
<p>Bristol-Myers Squibb discovers, develops, and markets drugs for various therapeutic areas, such as cardiovascular, cancer, and immune disorders. A key focus for Bristol is immuno-oncology, where the firm is a leader in drug development. Bristol derives close to 70% of total sales from the U.S., showing a higher dependence on the U.S. market than most of its peer group.</p>
<p>Following our analysis of the options activities associated with Bristol-Myers Squibb, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Bristol-Myers Squibb</h3>
<ul>
<li>Currently trading with a volume of 5,739,707, the BMY's price is up by 1.38%, now at $48.97. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 6 days.</li>
</ul>
<h3>What The Experts Say On Bristol-Myers Squibb</h3>
<p>Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $52.0.</p>
<ul>
<li>Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Bristol-Myers Squibb, targeting a price of $52. </li>
</ul>
<p>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 Bristol-Myers Squibb with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


A Closer Look at Bristol-Myers Squibb's Options Market Dynamics

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>SolarEdge Technologies</strong>.</p>
<p>Looking at options history for SolarEdge Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) we detected 17 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 5% of the investors opened trades with bullish expectations and 94% with bearish.</p>
<p>From the overall spotted trades, 13 are puts, for a total amount of $901,434 and 4, calls, for a total amount of $112,260.</p>
<h3>What's The Price Target?</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $500.0 for SolarEdge Technologies over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In today's trading context, the average open interest for options of SolarEdge Technologies stands at 437.87, with a total volume reaching 745.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in SolarEdge Technologies, situated within the strike price corridor from $40.0 to $500.0, throughout the last 30 days.</p>
<h3>SolarEdge Technologies 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713554174_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$74.0</td>
<td>$74.0</td>
<td>$74.0</td>
<td>$130.00</td>
<td>$436.6K</td>
<td style="text-align: right;">823</td>
<td style="text-align: right;">59</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$4.85</td>
<td>$4.7</td>
<td>$4.8</td>
<td>$50.00</td>
<td>$69.1K</td>
<td style="text-align: right;">929</td>
<td style="text-align: right;">181</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$14.2</td>
<td>$14.0</td>
<td>$14.15</td>
<td>$65.00</td>
<td>$49.5K</td>
<td style="text-align: right;">259</td>
<td style="text-align: right;">40</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$443.2</td>
<td>$439.05</td>
<td>$443.2</td>
<td>$500.00</td>
<td>$44.3K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$446.15</td>
<td>$439.05</td>
<td>$443.11</td>
<td>$500.00</td>
<td>$44.3K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">7</td>
</tr>
</tbody>
</table>
</p>
<h3>About SolarEdge Technologies</h3>
<p>SolarEdge Technologies designs, develops, and sells direct current optimized inverter systems for solar photovoltaic installations. The company system consists of power optimizers, inverters, and cloud-based monitoring platform and addresses a broad range of solar market segments, from residential solar installations to commercial and small utility-scale solar installations. The company sells its products directly to solar installers, engineering, procurement, and construction firms and indirectly to solar installers through distributors and electrical equipment wholesalers.</p>
<p>Having examined the options trading patterns of SolarEdge Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Current Position of SolarEdge Technologies</h3>
<ul>
<li>Currently trading with a volume of 1,069,677, the SEDG's price is down by -3.09%, now at $55.62. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 19 days.</li>
</ul>
<p>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 SolarEdge Technologies with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


SEDG

Market Whales and Their Recent Bets on SEDG Options

<p>Deep-pocketed investors have adopted a bearish approach towards PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PYPL usually suggests something big is about to happen.</p>
<p>We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for PayPal Holdings. This level of activity is out of the ordinary.</p>
<p>The general mood among these heavyweight investors is divided, with 23% leaning bullish and 76% bearish. Among these notable options, 13 are puts, totaling $1,016,091, and 17 are calls, amounting to $1,537,611.</p>
<h3>Predicted Price Range</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $85.0 for PayPal Holdings over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>In terms of liquidity and interest, the mean open interest for PayPal Holdings options trades today is 4257.54 with a total volume of 14,273.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for PayPal Holdings's big money trades within a strike price range of $40.0 to $85.0 over the last 30 days.</p>
<h3>PayPal Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1713554169_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$1.7</td>
<td>$1.69</td>
<td>$1.7</td>
<td>$67.50</td>
<td>$342.0K</td>
<td>4.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$4.8</td>
<td>$4.7</td>
<td>$4.75</td>
<td>$62.50</td>
<td>$332.5K</td>
<td>4.2K</td>
<td>58</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$3.75</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$62.50</td>
<td>$237.5K</td>
<td>6.3K</td>
<td>802</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$2.45</td>
<td>$2.43</td>
<td>$2.45</td>
<td>$65.00</td>
<td>$196.0K</td>
<td>11.4K</td>
<td>845</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$9.85</td>
<td>$9.5</td>
<td>$9.75</td>
<td>$52.50</td>
<td>$185.2K</td>
<td>870</td>
<td>0</td>
</tr>
</tbody>
</table>
</p>
<h3>About PayPal Holdings</h3>
<p>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.</p>
<p>Following our analysis of the options activities associated with PayPal Holdings, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is PayPal Holdings Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 8,245,581, with PYPL's price down by -0.55%, positioned at $61.76.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 11 days.</li>
</ul>
<h3>Expert Opinions on PayPal Holdings</h3>
<p>4 market experts have recently issued ratings for this stock, with a consensus target price of $68.0.</p>
<ul>
<li>Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for PayPal Holdings, targeting a price of $70. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on PayPal Holdings with a target price of $60. </li>
<li>In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $74. </li>
<li>An analyst from Bernstein has decided to maintain their Market Perform rating on PayPal Holdings, which currently sits at a price target of $68. </li>
</ul>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for PayPal Holdings, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


PYPL

Check Out What Whales Are Doing With PYPL

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>With a lot of uncertainty in the market from geopolitics down to monetary policy, jittery investors may find comfort in hedge fund picks. Specifically, ideas that the alpha wolves of the market have put their money into may offer both confidence and upside.</p>



<p>When I think about this theme, I can&rsquo;t help but recall the film &ldquo;Wall Street&rdquo; (the original one). The antihero of the movie, Gordon Gekko, remarks that he hates losses. Instead, he prefers sure things, which eventually moves the narrative forward (I won&rsquo;t give it away). And that&rsquo;s why hedge fund picks are intriguing &ndash; these institutions hate losses.</p>



<p>Of course, the risk factor is that these entities can often absorb the consequences of their mistakes. You, on the other hand, might not be able to. So, take these ideas with a grain of salt. Nevertheless, if you&rsquo;re looking for high-success-probability ideas, the below hedge fund picks may be a good place to start.</p>



<h2>Microsoft (MSFT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/10/msft1600-1-300x169.png" alt="Microsoft logo close up. Microsoft (MSFT) Flagship Store Fifth Avenue, Manhattan, NYC."><div>Source: The Art of Pics / Shutterstock.com</div></div><p>Software and technology hardware giant <strong>Microsoft</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/msft-stock-quote/"><strong>MSFT</strong></a>) may have a reputation for being boring. However, boring appears to be gold in this environment. <a href="https://hedgefollow.com/stocks/MSFT">According to HedgeFollow</a>, major institutions have acquired $40.83 billion worth of MSFT stock based on 13F filings in the fourth quarter of last year. The biggest player is <strong>Vanguard Group</strong>, which acquired $5.43 billion worth of shares.</p>



<p>It&rsquo;s not difficult to see why the big dogs appreciate Microsoft &ndash; it&rsquo;s consistent. In the last fiscal year, the company&rsquo;s positive earnings surprise came out to 8.4%. Its best performance in 2023 was in the third quarter, posting earnings per share of $2.73. This print beat out the estimate of earnings of $2.42 per share.</p>



<p>For the current fiscal year, experts are looking for EPS of $11.64. That&rsquo;s well above last year&rsquo;s result of $9.81 EPS. Further, revenue may clock in at $244.22 billion, 15.2% above last year&rsquo;s tally of $211.91 billion. With its investments in artificial intelligence, Microsoft could easily reach these targets. It&rsquo;s one of the hedge fund picks to consider.</p>



<h2>Amazon (AMZN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/amzn_amazon_2_1600-300x169.png" alt="Closeup of the Amazon logo at Amazon campus in Palo Alto, California. The Palo Alto location hosts A9 Search, Amazon Web Services, and Amazon Game Studios teams. AMZN stock"><div>Source: Tada Images / Shutterstock.com</div></div><p>While <strong>Amazon</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/"><strong>AMZN</strong></a>) may be a predictable idea among hedge fund picks, it&rsquo;s also a compelling one. Fundamentally, <a href="https://fred.stlouisfed.org/series/ECOMPCTSA">e-commerce transactions</a> as a share of total retail sales continue to rise since Q2 2022. That&rsquo;s encouraging for AMZN stock amid all the inflation concerns. Not surprisingly, then, the major institutions have picked up on this development, buying up $24.1 billion worth of AMZN shares in Q4.</p>



<p>As with Microsoft above, investors appreciate Amazon for its consistency. What makes the company stand out, though, is the high baseline. It&rsquo;s not just that Amazon beat its bottom-line targets last year. Rather, the average positive earnings surprise landed at 55.15%. That&rsquo;s extremely impressive, even for a hot tech player.</p>



<p>For fiscal year 2024, covering experts anticipate EPS of $4.13. That&rsquo;s well above last year&rsquo;s tally of $2.90. Further, they&rsquo;re looking for revenue to hit $641.35 billion or 11.6% up from 2023&rsquo;s result of $574.78 billion. Combined with a <a href="https://www.tipranks.com/stocks/amzn/forecast">unanimous strong buy rating</a> (among 41 expert voices), AMZN is one of the hedge fund picks to add to your portfolio.</p>



<h2>Broadcom (AVGO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/AVGO1600-300x169.jpg" alt="broadcom (AVGO) logo outside office building"><div>Source: Sasima / Shutterstock.com</div></div><p>While it might not get the spotlight like some other tech players, <strong>Broadcom</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/avgo-stock-quote/"><strong>AVGO</strong></a>) is vital to the overall ecosystem. As a designer, developer and supplier of various semiconductor devices, it plays an indispensable role in the innovation industry. Therefore, it&rsquo;s not surprising that it&rsquo;s one of the favorites among hedge fund picks. In the final quarter of 2023, <a href="https://hedgefollow.com/stocks/AVGO">major entities</a> bought just over $16 billion worth of AVGO stock.</p>



<p>As with the other ideas on this list, Broadcom benefits from consistency. In fiscal 2023, the company beat all its bottom-line targets. Its average positive earnings surprise came out to a decent 2.8%. Its best performance last year came in Q4, when it delivered EPS of $10.99. In contrast, experts were anticipating EPS of $10.29.</p>



<p>For the current fiscal year, covering experts believe Broadcom will post earnings of $46.91 per share. That&rsquo;s a significant boost from last year&rsquo;s result of $42.25 EPS. Not only that, the average revenue target stands at $50.35 billion, up 40.6% from last year&rsquo;s haul of $35.82 billion.</p>



<h2>Alphabet (GOOGL)</h2>



<a href="https://investorplace.com/wp-content/uploads/2024/03/alphabet_googl.png"><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/alphabet_googl-300x169.png" alt="Alphabet (GOOGL) - Quantum Computing Stocks to Buy"></a><p>As an internet technology giant among other specialties, it&rsquo;s no surprise that <strong>Alphabet</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/googl-stock-quote/"><strong>GOOGL</strong></a>) ranks highly among hedge fund picks. You really can&rsquo;t do much these days without Alphabet&rsquo;s myriad services. For example, even if you don&rsquo;t use the company&rsquo;s Gmail system, you&rsquo;re more than likely using Google to conduct searches. With that, <a href="https://hedgefollow.com/stocks/GOOGL">hedge funds</a> have put in $14.81 billion in GOOGL stock in Q4 last year.</p>



<p>This figure should only rise in the years ahead. As a well-established business, Alphabet probably isn&rsquo;t going to make prospective investors rich. However, it should be a stable anchor during rough waters. Last year, the company&rsquo;s average positive earnings surprise came out to 6.7%. Its best performance was in Q1, producing a positive surprise of 9.3%.</p>



<p>For fiscal 2024, analysts are hoping for the tech firm to post EPS of $6.82. That&rsquo;s a big boost from $5.80, though it seems reasonable given the historical performance. Also, revenue could soar to $342.35 billion, up 11.4% from last year. Combined with a strong buy consensus view, GOOGL is one of the top hedge fund picks.</p>



<h2>Meta Platforms (META)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/meta1600-1-300x169.png" alt="In this photo illustration the Meta logo seen displayed on a smartphone and in the background the Facebook logo"><div>Source: rafapress / Shutterstock.com</div></div><p>Starting life as a social media network called Facebook &ndash; you may have heard of it &ndash; <strong>Meta Platforms</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/meta-stock-quote/"><strong>META</strong></a>) has branched out into other avenues. Right now, it&rsquo;s focused on the metaverse, which represents the next wave of connectivity. While many experts have questions about this directive, Meta&rsquo;s sales of related hardware &ndash; such virtual reality headsets &ndash; offer upside potential.</p>



<p>As such, the <a href="https://hedgefollow.com/stocks/META">big dogs</a> have invested $14.08 billion into META stock in the final quarter of 2023. With the company announcing a dividend, it could attract more institutional players. Financially, the benefit of owning META comes down to robust performances. Last year, the company posted an average positive earnings surprise of nearly 10%.</p>



<p>For the current fiscal year, analysts are looking for EPS of $20.03. That&rsquo;s a huge jump from last year&rsquo;s print of earnings of $14.87 per share. Also, experts believe Meta will keep on expanding, delivering sales of $158.39 billion. That&rsquo;s up 17.4% from the prior year. With so many positives, META ranks as one of the top-tier hedge fund picks.</p>



<h2>Uber Technologies (UBER)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/uber1600-300x169.png" alt="Uber sign on its headquarters building in San Francisco, California, USA - June 6, 2023. Uber Technologies is a transportation conglomerate."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p>A simultaneously risky but compelling idea, <strong>Uber Technologies</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/uber-stock-quote/"><strong>UBER</strong></a>) shows that the big dogs like to speculate at times too. What makes UBER a tough idea for hedge fund picks is the question mark hanging over discretionary consumer sentiment. People are looking to save money during this juncture, especially with inflation possibly about to worsen.</p>



<p>On the other hand, UBER makes for an intriguing idea because of its travel implications. According to Deloitte, the phenomenon known as revenge traveling might have come to an end. Nevertheless, people are <a href="https://www.hoteldive.com/news/travelers-prioritize-experiences-over-hotel-class-deloitte/705719/#:~:text=from%20your%20inbox.-,Travelers%20to%20prioritize%20experiences%20over%20hotel%20class%20in%202024%3A%20Deloitte,according%20to%20a%20new%20study.">still prioritizing destinations and experiences</a>. If that continues to hold, Uber could be an enticing speculative bet. Sure enough, institutional investors bought up $10.84 billion worth of UBER stock.</p>



<p>Notably, the experts are excited about the ride-sharing specialist too. For the current fiscal year, they&rsquo;re projecting EPS to land at $1.36. That&rsquo;s noticeably above last year&rsquo;s print of 87 cents. Also, revenue could clock in at $43.32 billion, up 16.2% from 2023. Even better, fiscal 2025 sales could hit $50.42 billion.</p>



<h2>Exxon Mobil (XOM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/exxon-stock-1-300x169.jpg" alt="Exxon Retail Gas Location"><div>Source: Jonathan Weiss / Shutterstock.com</div></div><p>At this moment, <strong>Exxon Mobil</strong> (NYSE:<a href="https://investorplace.com/stock-quotes/xom-stock-quote/"><strong>XOM</strong></a>) may be an investment that sells itself. Yes, the geopolitical backdrop presents volatility risks for all sectors, including the crude oil space. However, the world continues to run on oil. So, if global tensions &ndash; already simmering from recent actions &ndash; spiral out of control, supply chains could be disrupted.</p>



<p>Cynically, this dynamic could be a positive for XOM in terms of sales and profits. Even if blistering costs hurt the wallet, economies just can&rsquo;t stop moving altogether. And because hydrocarbons represent a critical commodity, both people and institutions will find a way to pay. With that in mind, it&rsquo;s not shocking that <a href="https://hedgefollow.com/stocks/XOM">hedge funds acquired</a> $9.42 billion worth of XOM stock.</p>



<p>With the recent market dip, the institutional players could acquire even more shares. To be sure, the average consensus view of $9.27 EPS on sales of $334.88 billion imply a top-and-bottom-line decrease from last year&rsquo;s results. Still, given the latest reality, the high-side estimate of $11.08 EPS on sales of $384.24 billion could be in play.</p>



<p><em>On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;</em><a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank"><em>Publishing Guidelines</em></a><em>.</em></p>
<div><p>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/7-stocks-the-hedge-fund-gurus-are-piling-into-april-2024/">7 Stocks the Hedge Fund Gurus Are Piling Into: April 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

7 Stocks the Hedge Fund Gurus Are Piling Into: April 2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p><a href="https://investorplace.com/industries/technology/">Technology stocks</a> have outperformed other sectors since the turn of the year, collectively outpacing their nearest counterpart (financial services) <a href="https://finance.yahoo.com/sectors/">by more than 2x</a>. Although technology stocks can be cyclical, many are secular, meaning they possess the means to deliver returns throughout the economic cycle. As such, adding high-quality technology stocks to your portfolio is always a good idea.</p>



<p>Investing in technology ETFs is an option if you&rsquo;re looking for low-risk exposure. However, cherry-picking is needed if you&rsquo;re in search of alpha returns. Yet, selecting technology stocks is tricky because many are often priced in. This prompted me to embark on a journey to find underpriced technology stocks for my readers.</p>



<p>Here are three technology stocks to put $500 into by the end of the month.</p>



<h2>Uber Technologies (UBER)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/01/uber1600-300x169.png" alt="Uber sign on its headquarters building in San Francisco, California, USA - June 6, 2023. Uber Technologies is a transportation conglomerate."><div>Source: JHVEPhoto / Shutterstock.com</div></div><p><strong>Uber Technologies</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/uber-stock-quote/"><strong>UBER</strong></a></span>) currently trades at around $75 per share, making it an affordable stock to most investors. However, affordability isn&rsquo;t the only reason I added UBER stock to the list; here&rsquo;s why I&rsquo;m bullish.</p>



<p>If you&rsquo;re looking for secular growth, you&rsquo;ve got it right here. Recent data shows that Uber&rsquo;s mobility segment achieved $19.285 billion in fourth-quarter gross bookings, up by <a href="https://seekingalpha.com/news/4063712-uber-in-charts">29.5% year-over-year</a>. Moreover, the company&rsquo;s delivery segment reached around $17 billion in gross bookings during the quarter, 18.8% higher than a year before.</p>



<p>What do the aforementioned numbers tell us? It tells us that convenience is here to stay. In fact, Uber&rsquo;s bookings surged in 2023 despite facing a topsy-turvy economy. I don&rsquo;t see any reason why this trend would change. I mean, Uber has arguably corned the mobility and delivery markets, which are both in hypergrowth mode. </p>



<p>Lastly, key metrics suggest UBER stock is a growth-at-a-reasonable-price (GARP) opportunity. For example, UBER&rsquo;s forward <a href="https://seekingalpha.com/symbol/UBER/valuation/metrics">price-to-earnings-growth ratio of 0.8x</a> implies that market participants underestimate its earnings-per-share growth rate.</p>



<p>You&rsquo;re looking at a solid opportunity here!</p>



<h2>Robinhood Markets (HOOD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/robinhood-wallet-fintech-300x169.png" alt="hood stock: An image of a wallet with a coin in it, a cellphone on top depicting Robinhood logo. Robinhood crypto"><div>Source: salarko/Shutterstock</div></div><p><strong>Robinhood</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/hood-stock-quote/"><strong>HOOD</strong></a></span>) stock, which trades at around $17 per share, recently received a boost as <strong>Cabot Wealth</strong> included HOOD in its <a href="https://seekingalpha.com/news/4088334-cabots-top-ten-list-of-stocks">top ten list of stocks</a>. Some might have reservations about HOOD stock as it is an asset with an elevated <a href="https://seekingalpha.com/symbol/HOOD/valuation/metrics">price-to-sales ratio of 8.27x</a>. However, rest assured that HOOD stock&rsquo;s fundamental prospects are improving.</p>



<p>A salient feature behind Robinhood&rsquo;s success is retail investor participation. Fortunately, retail investor participation is recovering after being bruised by a bear market in 2022 and early 2023. According to the investor movement index, retail investor participation increased by<a href="https://www.schwab.com/investment-research/stax/view-schwab-trading-activity-index">&nbsp;8.39%&nbsp;in March</a>, reaching a notable level of 51.65. Moreover,&nbsp;<a href="https://www.advisorperspectives.com/dshort/updates/2024/03/22/margin-debt-up-5-8-in-february" target="_blank">VettaFi</a>&nbsp;collated U.S. margin debt levels in February, stating that margin debt levels surged by 19% year-over-year but remained below a trend-line moving average.</p>



<p>The metrics mentioned above suggest that retail participation is increasing, but the question becomes: Is Robinhood benefiting from the increased participation? Well, Robinhood&rsquo;s fourth-quarter earnings surprised as the company surpassed its revenue target by <a href="https://seekingalpha.com/news/4066348-robinhood-markets-gaap-eps-of-0_03-beats-0_04-revenue-of-471m-beats-18_22m">$18.22 million</a> and its earnings-per-share target by four cents. This shows that Robinhood has benefitted from increased retail investor participation, which will likely continue, especially considering Robinhood&rsquo;s recent <a href="https://www.reuters.com/business/finance/robinhood-opens-britain-with-low-cost-us-trading-woo-clients-2023-11-30/">expansion into the UK</a>.</p>



<p>As mentioned before, HOOD stock faces value concerns. However, I&rsquo;m willing to bet on systematic tailwinds!</p>



<h2>Deliveroo (DROOF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/04/rsz_fooddelivery1600-300x169.jpg" alt="a delivery man in a red shirt dropping off a bag of groceries to represent food and beverage stocks"><div>Source: Shutterstock.com</div></div><p>I&rsquo;ll openly admit that <strong>Deliveroo</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/droof-stock-quote/"><strong>DROOF</strong></a></span>) is an anecdotal pick. Sure, DROOF stock possesses solid metrics. However, I picked this stock mainly due to my experience with the company&rsquo;s services. More specifically, Deliveroo&rsquo;s breadth of options, quality of vendors, and timely deliveries amazed me.</p>



<p>Deliveroo&rsquo;s business model is highly scalable, as its freelancers often use affordable bicycles or light motorcycles. This allows broader coverage and high contractor uptake. Moreover, Deliveroo&rsquo;s vendor selection focuses on quality rather than volume, adding to customer retention dynamics.</p>



<p>The UK-based Deliveroo released its full-year results in March, revealing top-line revenue of <a href="https://www.reuters.com/business/retail-consumer/deliveroo-beats-earnings-guidance-sees-positive-cash-flow-2024-2024-03-14/">&pound;85 million</a> (approximately $109 million). Although its deliveries fell by 3% during the year, enhanced systemic features will likely see that figure improve in 2024.</p>



<p>The numbers speak for themselves, indicating that Deliveroo is in its early stages of growth. While it may not reach mammoth delivery volumes, Deliveroo has a strong case for secular profits. This bullish sentiment is not just mine, but also shared by <strong>HSBC </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/hsbc-stock-quote/" target="_blank"><strong>HSBC</strong></a>), who&nbsp;<a href="https://seekingalpha.com/news/4080355-deliveroo-attracts-bull-rating-from-hsbc" target="_blank">recently upgraded</a>&nbsp;Deliveroo&rsquo;s stock to a Buy rating, citing an enhanced profitability outlook.</p>



<p>Lastly, Deliveroo looks good from a market-based vantage point. For example, Deliveroo&rsquo;s <a href="https://seekingalpha.com/symbol/DROOF/valuation/metrics">forward price-to-sales ratio of&nbsp;0.92x</a>&nbsp;suggests the stock possesses absolute value. Moreover, Deliveroo recently ticked up above its 10-, 100-, and 200-day moving averages, indicating a trendline has formed.</p>



<p><em>On the date of publication, Steve Booyens did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a></em>.</p>
<div><p>Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for institutional equity research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary &ndash; University of London. Furthermore, Steve has passed all CFA Levels and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve&rsquo;s articles on InvestorPlace form an interesting juxtaposition between mainstream opinion and objective theory. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/put-500-in-these-3-tech-stocks-before-may/">Put $500 in These 3 Tech Stocks Before May</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Put $500 in These 3 Tech Stocks Before May

FIDU: Industrials Dashboard For April

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>Penny <a href="https://investorplace.com/stock-types/growth-stocks/">growth stocks</a> can be some of the most lucrative yet perilous investments out there. While many <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> end up being worthless, the ones that succeed can deliver absolutely massive returns and take you from rags to riches.</p>



<p>However, you need to be highly selective, as the outcome of losing your entire investment is very much possible. The key is to scoop up quality penny growth stocks with strong top-line expansion and profitability metrics that limit dilution risk. If you can find penny stocks meeting these criteria, considering the upside potential, the downside isn&rsquo;t too bad. Sometimes, the risk-reward ratio for these hidden gems swings greatly in your favor over the long run.</p>



<p>Here are seven such penny growth stocks to look at.</p>



<h2>Payfare (PYFRF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/11/gig-economy-1600-300x169.jpg" alt="A tattooed person is holding a paper bag, a bicycle helmet and a cellphone."><div>Source: SFIO CRACHO / Shutterstock.com</div></div><p><strong>Payfare</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/pyfrf-stock-quote/"><strong>PYFRF</strong></a>) is shaping into an exciting fintech play in the gig economy space. As a financial technology company providing instant payout and digital banking solutions to gig workers, Payfare is poised to ride the growth in freelance and on-demand jobs. The gig economy is ballooning as employers realize the cost savings from avoiding traditional employment benefits and workers appreciate the flexibility. With partnerships with leaders like <strong>Doordash</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/dash-stock-quote/"><strong>DASH</strong></a></span>) and <strong>Uber</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/uber-stock-quote/"><strong>UBER</strong></a></span>), Payfare already has its foot in the door.</p>



<p>Payfare&rsquo;s platform enables gig workers instant access to earnings and robust digital banking, addressing a major pain point. This focus on financial inclusion for overlooked workers could drive rapid user growth. Another potential catalyst is onshoring and migration trends that may expand the gig workforce utilizing Payfare&rsquo;s services. The company has already achieved profitability, with revenue nearly doubling from $<a href="https://seekingalpha.com/symbol/PYFRF/earnings/estimates">135 million in 2023 to $245 million in 2025,</a> per analysts. EPS could rocket from $0.27 to $1.1 in that same timeframe. So you are buying at only 5.5 times 2025 EPS estimates, an incredible bargain in my view. As the gig economy and Payfare&rsquo;s reach expand, this undervalued fintech play could deliver exponential returns.</p>



<h2>Jubilee Metals Group PLC (JUBPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/cobalt-300x169.jpg" alt="A close-up shot of a cobalt pile in front of a black background."><div>Source: Shutterstock</div></div><p><strong>Jubilee Metals</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/jubpf-stock-quote/"><strong>JUBPF</strong></a>) offers upside exposure to critical industrial commodities like platinum group metals, chrome, zinc, lead and other ores. While the stock trades around $0.09, there is explosive potential if execution meets targets.</p>



<p>Jubilee Metals operates in geographies like South Africa, Zambia and Australia, which gives it a global production footprint. The company has been optimizing its assets and ramping up production. Experts like SeekingAlpha&rsquo;s Sarel Oberholster have noted that Jubilee Metals could significantly boost margins at core facilities like the Inyoni PGM project. If management can deliver on enhancing recoveries and expanding production, the impact on profitability could be immense.</p>



<p>Gurufocus <a href="https://www.gurufocus.com/stock/JUBPF/summary">estimates $0.35 as a fair value</a> for JUBPF by the end of 2026, with revenue potentially rising from <a href="https://seekingalpha.com/symbol/JUBPF/earnings/estimates">$212 million in 2024 to $329 million in 2026</a>. If Jubilee can expand its net margin from 8.7% to just 12% in that timeframe, we could see profits of $40 million. That makes the current valuation seem like an incredible bargain. Jubilee Metals has all the ingredients for a potential multibagger return if execution meets targets. This is a penny stock I would grab before the crowd catches on.</p>



<h2>Delivery Hero (DELHY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/city-automation-delivery-economy-300x169.png" alt="An image of an AV delivery truck, a cityscape in the background"><div>Source: Andrey Suslov/Shutterstock</div></div><p><strong>Delivery Hero</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/delhy-stock-quote/"><strong>DELHY</strong></a></span>) has pioneered on-demand delivery around the globe, now operating in over 70 countries. While growth has slowed from peak pandemic levels, Delivery Hero can reach profitability across its segments soon. That would unlock a significant upside for the stock, which has languished 77% off its 2021 high.</p>



<p>The company aggressively pushes into quick commerce, aiming to deliver products in under an hour. While it looked to sell some Asian units last year, Delivery Hero recently terminated that deal, believing it had reached an &ldquo;inflection point&rdquo; in profitability prospects. Already around <a href="https://www.deliveryhero.com/newsroom/delivery-hero-q4-trading-update/">75% of its Platform segment is profitable</a>.</p>



<p>We could see a massive re-rating as Delivery Hero expands margins across its footprint. The path to profitability is coming into focus, especially as management gains optimization experience. In my view, the growth story still has room to run. Delivery Hero pioneered on-demand delivery and still leads the field through constant innovation. I would take advantage of the current discounted valuation before the crowd catches on to the improving profitability metrics.</p>



<h2>Aemetis (AMTX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/12/amtx-stock-1-300x169.jpg" alt="A magnifying glass zooms in on the website for Aemetis (AMTX)."><div>Source: Pavel Kapysh / Shutterstock.com</div></div><p><strong>Aemetis</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/amtx-stock-quote/"><strong>AMTX</strong></a></span>) operates in high-growth renewable fuels and biochemicals, aiming to replace petroleum-based products with sustainable alternatives. This aligns perfectly with global decarbonization megatrends, signaling massive potential demand growth ahead. However, Aemetis has been a rollercoaster stock, plummeting 85% off its 2021 peak. A full recovery will take time, given profitability is not expected until 2027.</p>



<p>However, once profits materialize as projected, the growth trajectory could steepen exponentially. You are buying at just three times 2027 EPS estimates and less than 1 times 2032 EPS estimates. Per analysts, revenue is forecast to climb from $367 million in 2024 to $1.53 billion by 2028. If even half of those projections are reached, the long-term upside is immense, in my view. However, Aemetis does have a history of overpromising, so some caution is warranted. Still, if renewable fuel demand growth is expected, this could deliver multibagger returns for patient investors.</p>



<h2>AAC Technologies (AACAY)</h2>



<div><img width="300" height="142" src="https://investorplace.com/wp-content/uploads/2011/07/7457826-mobile-phone-tower-300x142.jpg" alt="SBAC stock"><div>Source: iStockphoto</div></div><p><strong>AAC Technologies</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/aacay-stock-quote/"><strong>AACAY</strong></a></span>) provides exposure to mobile communications growth as a leading producer of miniaturized smartphone components like microphones and haptics. While hardly a high-flyer historically, AACAY is making moves, gaining 54% over the past year.</p>



<p>This could start a sustained breakout as analysts expect a pivot to accelerated revenue growth, potentially rising from $3.5 billion to $6.2 billion between 2024 and 2029. We could see significant upside if AAC matches projections while expanding margins. AAC already boasts superb profitability metrics, with an <a href="https://www.gurufocus.com/term/FCFmargin/AACAY/FCF-Margin-Percentage/AAC-Technologies">FCF margin of 17%</a> that beats 90% of hardware peers.</p>



<p>The stock price has substantial room to run if execution aligns with targets. AAC Technologies could shift into a higher gear growth-wise soon, making now a compelling entry point.</p>



<h2>NagaCorp (NGCRF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/casino1600c-300x169.jpg" alt="a woman smiling while using a slot machine in a casino. representing gambling stocks"><div>Source:  Maridav/Shutterstock, Inc.</div></div><p><strong>NagaCorp</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/ngcrf-stock-quote/"><strong>NGCRF</strong></a></span>) operates an integrated casino and entertainment resort in Cambodia. It offers a unique growth avenue. The company&rsquo;s flagship NagaWorld property has a 70-year license and regional monopoly through 2045, conferring tremendous competitive advantages.</p>



<p>After plummeting 83% off its peak, NGCRF has rebounded 72% as business recovers from the pandemic slump. With revenue and earnings growth projected to accelerate, I see the rally continuing. NagaCorp boasts superb <a href="https://www.gurufocus.com/term/netmargin/NGCRF/Net-Margin-/NagaCorp">35% net margins</a>, dwarfing 94% of resort/casino peers.</p>



<p>Trading at just 18 times forward earnings, NGCRF remains reasonably valued for such a high-quality operator. If tourism and gambling activity continue recovering, this undervalued stock could deliver outsized returns over the coming years. The long-term growth story remains intact.</p>



<h2>NanoXplore (NNXPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/graphene-1600-300x169.jpg" alt="Scientific showing a piece of graphene."><div>Source: BONNINSTUDIO / Shutterstock.com</div></div><p>With the graphene market forecast to <a href="https://www.gminsights.com/industry-analysis/graphene-market">grow at a 31% CAGR</a> through 2030, <strong>NanoXplore</strong> (OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/nnxpf-stock-quote/"><strong>NNXPF</strong></a></span>) is poised to capitalize as a leading producer. This advanced material is 200 times harder than steel and five times lighter than aluminum, conferring tremendous industrial potential.</p>



<p>NanoXplore supplies graphene for transportation, electronics, packaging and other markets. It also produces graphene-enhanced batteries for electric vehicles. With the booming demand for EVs and grid storage, this application holds particularly strong growth prospects.</p>



<p>NanoXplore already <a href="https://www.google.com/finance/quote/NNXPF:OTCMKTS">grew revenue 32.5%</a> in fiscal 2023. With projections of growth revenue <a href="https://seekingalpha.com/symbol/NNXPF/earnings/estimates">from $96 million in 2024 to $229 million in 2027</a>, the stock at 74% off its 2021 high, presents a compelling risk/reward profile. If graphene demand outpaces estimates amid rapid adoption, substantial upside could emerge. NanoXplore has ingredients for multibagger returns as industrial graphene usage accelerates.</p>



<p><em><strong>On Penny Stocks and Low-Volume Stocks</strong>: With only the rarest exceptions, InvestorPlace does not publish commentary about companies that have a market cap of less than $100 million or trade less than 100,000 shares each day. That&rsquo;s because these &ldquo;penny stocks&rdquo; are frequently the playground for scam artists and market manipulators. If we ever do publish commentary on a low-volume stock that may be affected by our commentary, we demand that InvestorPlace.com&rsquo;s writers disclose this fact and warn readers of the risks.</em></p>



<p><em><strong>Read More</strong>: <a href="https://investorplace.com/2014/05/fraud-penny-stocks-scams/">Penny Stocks &mdash; How to Profit Without Getting Scammed</a></em></p>



<p><em>On the date of publication, Omor Ibne Ehsan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.</em></p>
<div><p>Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor with a focus on growth and cyclical stocks that have strong fundamentals, value, and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can follow him on <a href="https://www.linkedin.com/in/omor-ibne-ehsan-56068022b/">LinkedIn</a>.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/7-penny-growth-stocks-to-buy-asap-before-they-go-parabolic/">7 Penny Growth Stocks to Buy ASAP Before They Go Parabolic</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>As of this writing, <strong>Reddit</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/rddt-stock-quote/"><strong>RDDT</strong></a></span>) stock has been publicly trading for about a month. For a variety of reasons, the stock is down about 20%. But what may be most concerning is that volume is down sharply. It&rsquo;s too early to draw firm conclusions. However, the stock does not appear to have the committed following of some Reddit stocks that were a core argument for the company&rsquo;s initial public offering (<a href="https://investorplace.com/stock-quotes/ipo-stock-quote/"><strong>IPO</strong></a>).</p>



<p>The popularity of these <a href="https://investorplace.com/stock-types/meme-stocks/">&ldquo;meme stocks,&rdquo;</a> on subreddits such as WallStreetBets made the social media site a household name among investors. Documentaries have been made to describe the phenomenon and perhaps serve as a cautionary tale. </p>



<p>In fairness, meme stocks get a bad rap. There are many popular Reddit stocks that most investors would be happy to own. But this is a site for speculators, many of whom have a &ldquo;go big or go home&rdquo; mindset that encourages risk-taking. </p>



<p>The Reddit community is great for providing investors with support and knowledge they may not otherwise get. But the herd mentality is real. And it can blind you to some risks that are simply not worth taking. Here are three Reddit stocks that present risks that don&rsquo;t appear to be worth taking anymore. </p>



<h2>GameStop (GME)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/05/gamestop-sign-gme-stock-storefront-1600-300x169.jpg" alt="GameStop (GME) sign on side of building in blue early morning light"><div>Source: shutterstock.com/EchoVisuals</div></div><p><strong>GameStop</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/gme-stock-quote/"><strong>GME</strong></a></span>) is one of the original Reddit stocks to gain prominence. Investors remember it for its meteoric rise caused by an epic short squeeze in 2021. The issue for investors then, as now, is the desire to confuse an inexpensive stock with a stock having hidden value. GME stock is cheap, but does it still have value? </p>



<p>GameStop&rsquo;s core business is to the gaming industry what Blockbuster video is to <strong>Netflix</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/nflx-stock-quote/"><strong>NFLX</strong></a></span>). It&rsquo;s simply been bypassed by the proverbial better mousetrap. And the company&rsquo;s pivot into collectibles, while interesting, won&rsquo;t be a significant driver of revenue.&nbsp;</p>



<p>That leaves the company&rsquo;s chairman, Ryan Cohen, who has the opportunity to buy securities of other companies. That makes GameStop a hedge fund by another name. Could it work? In theory, it could. But as my InvestorPlace colleague Rich Duprey <a href="https://investorplace.com/2024/04/gme-stock-analysis-gamestop-profits-mean-nothing-when-your-business-is-dying/">summarized</a> recently, &ldquo;&hellip;Profits Mean Nothing When Your Business Is Dying.&rdquo; Another short squeeze is improbable. The game appears to be over. </p>



<h2>Nio (NIO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/nio1600-8-300x169.png" alt="A mobile with NIO at horizontal composition."><div>Source: Freer / Shutterstock.com</div></div><p>For a time, <strong>Nio</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/nio-stock-quote/"><strong>NIO</strong></a></span>) looked like it would be a rags-to-riches story. As the electric vehicle (EV) market revved up, Nio appeared to be a clear winner. But with the stock down 60% in the last 12 months, Nio faces some difficult challenges as the stock sinks back into penny stock territory.<em>&nbsp;</em></p>



<p>The company managed to increase deliveries in its most recent quarter. But that doesn&rsquo;t change the reality that the company is losing market share in its home country, China. And it was losing market share when the Chinese market was red hot. That market is cooling, and so is the company&rsquo;s gross margins. The general cooling in the EV market is also affecting the company&rsquo;s deliveries in Europe.<em>&nbsp;</em></p>



<p>Also, a core piece of Nio&rsquo;s business model is its battery swap program. The company is committed to building 1,000 more swapping stations in 2024. That will also come at the expense of profitability. </p>



<p>And if you need another reason to stay away from NIO stock, it&rsquo;s essential to note that short interest is up 16.5% in the last month. In a competitive market, Nio appears to be running out of juice. </p>



<h2>Lyft (LYFT)&nbsp;</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/10/lyft1600g-300x169.jpg" alt="lyft stock"><div>Source: OpturaDesign / Shutterstock.com</div></div><p><strong>Lyft</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/lyft-stock-quote/"><strong>LYFT</strong></a></span>) is part of a duopoly, such as it is, with <strong>Uber Technologies</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/uber-stock-quote/"><strong>UBER</strong></a></span>). The company has been increasing its revenue steadily. It&rsquo;s also getting closer to profitability. But being close is not the same as being profitable. And higher interest rates will hurt unprofitable companies harder.&nbsp;</p>



<p>However, the bigger issue for Lyft, and the ride-hailing model in general, is coming from Minneapolis, Minnesota. On August 17, the city council passed an ordinance that, if passed into law, would <a href="https://qz.com/is-it-the-end-of-the-road-for-uber-and-lyft-in-minneapo-1850750942" target="_blank">guarantee the city&rsquo;s $15 minimum wage</a> for any driver with rides originating in Minneapolis.&nbsp;</p>



<p>Both Lyft and Uber are threatening to pull out of the city if the law is passed. It&rsquo;s not hard to see why. The driver/gig worker remaining as an independent contractor is essential to Lyft&rsquo;s ability to manage its costs, particularly as it <a href="https://investorplace.com/2024/04/7-meme-stocks-to-sell-in-april-before-they-crash-burn/" target="_blank">prioritizes profitability.</a> </p>



<p>At this time, it&rsquo;s unclear if the law will pass. But it seems likely that Minneapolis won&rsquo;t be the only city trying to pass such laws. Investors hate uncertainty with the bluest of blue-chip companies and like it even less with an unprofitable mid-cap stock with an entrenched and profitable competitor in the sector. </p>



<p><em>On the date of publication, Chris Markoch did not hold (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a>&nbsp;</em></p>
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