Short interest for SGI Enhanced Core ETF gives investors a sense of the degree to which investors are betting on the decline of SGI Enhanced Core ETF's stock. Short interest data is updated every two weeks.

SGI Enhanced Core ETF (NASDAQ:USDX), Short Interest Report

Commodities

Forex

Markets

iShares Trust Barclays 20+ Year Treasury Bond Fund

USDX

The Bond and Currency Market Paint a Different Picture

Trading Ideas

CurrencyShares British Pound Sterling Trust

PowerShares DB US Dollar Index Bullish Fund

Great Unwind-&#39;Long&#39; Dollar Positions Recalibrate

February Is An &#39;Air Pocket&#39; For Central Bankers

SGI Enhanced Core ETF

USDX [Kava]

News

Management

LULU

lululemon Implements Updated And More Integrated Organizational Structure; Reports Departure Of Chief Product Officer Sun Choe

Buybacks

WRLD

On May 15, World Acceptance Board Approved Share Repurchase Program For Up To $20M Of Common Stock Inclusive Of Any Amount Remains Available Under Prior Repurchase Authorizations - Filing

<p>With 24 states and DC now having legalized cannabis, 38 states having approved medical marijuana and the <a href="https://www.benzinga.com/markets/cannabis/24/05/38880719/biden-announces-monumental-marijuana-rescheduling-doj-to-take-next-steps">Biden administration easing</a> the <a href="https://www.benzinga.com/markets/cannabis/23/07/33156524/dea-turns-50-unveiling-the-ineffectiveness-of-the-ongoing-war-on-drugs-now-what">DEA's draconian Schedule I</a> classification, researchers (and probably far more parents) are wondering what this all means for our teenagers.</p>
<p>Despite the above list of legal access, it's worth mentioning that no teenager can get through the door of any legal marijuana dispensary. However, we all know that's not where or how kids get their weed.</p>
<p>Though some studies have indicated that marijuana use can harm the developing brain and many health experts worry that relaxing cannabis laws will increase usage among minors.</p>
<p><strong>Rebekah Levine Coley</strong>, a developmental psychologist at Boston College, is less certain.</p>
<p>In April, Coley and her colleagues <a href="https://jamanetwork.com/journals/jamapediatrics/article-abstract/2817566">published a study in JAMA</a> examining drug use patterns among 900,000 high school students from 2011 to 2021, using data from the <a href="https://www.cdc.gov/healthyyouth/data/yrbs/results.htm">Youth Risk Behavior Survey</a>. They found fewer minors reported cannabis use in states where it's been legalized. That said, in the states that both legalized cannabis and have launched retail sales, some adolescents were more frequent consumers. The net effect overall was a flat or slight decline in adolescent cannabis use.</p>
<p>Coley discussed the study with <a href="https://www.nytimes.com/2024/05/20/health/marijuana-weed-adolescents-coley.html">The New York Times</a>, where their interview began looking at the common assumption that legal cannabis would lead to increased use among teens.</p>
<h3 class="wp-block-heading"><strong>Not Quite, Says Expert: Consumption Has Declined In Legal States</strong></h3>
<p>Contrary to expectations, the study found slight declines in cannabis use among adolescents in states that legalized recreational marijuana, which Coley said made sense. "Yes, common sense might argue that as cannabis becomes legalized, it will be more accessible. There will be fewer potential legal repercussions, hence availability would increase and use would increase," Coley said. "We did not find that with adolescents. If anything, we are seeing very small declines in cannabis use in states that legalized recreational cannabis, as well as declines in alcohol use and e-cigarettes."</p>
<h3 class="wp-block-heading"><strong>Why?</strong></h3>
<p>One reason Coley posed was parental awareness. "As cannabis has become legalized, parents and others are more aware of potential access for their children…parents are having more discussions with adolescents about the potential risks or imposing more supervision."</p>
<p>An earlier <a href="https://www.benzinga.com/markets/cannabis/23/12/36228666/the-kids-are-alright-government-study-finds-teen-cannabis-use-holds-steady-despite-increased-sta">Monitoring the Future study</a> also concluded that teen use rates of marijuana are going down.</p>
<p>NYT reporter <strong>Matt Richtel</strong> asked how the study results affect how Coley views policy changes that are set relax cannabis laws at the federal level.</p>
<p><strong>"</strong>The evidence provides some hope that increasing legalization, even at a federal level, will not lead to substantial increases in adolescent use. That said, we know that there are some notable potential health implications of adolescent use of cannabis," Coley, said, cautioning about teen attraction to vaping and edibles, which are hard to dose. "So, continuing to track adolescent use of cannabis and other substances remains a key public health concern."</p>
<p><em>This topic among so many others will be discussed at upcoming Benzinga Cannabis Capital Conference on Oct. 8-9.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a>&nbsp;before prices go up by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.</em></p>
<p><em>Now read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/38948275/cannabis-stocks-and-etfs-surged-on-marijuana-rescheduling-news-wtrs-industry-report">Cannabis Stocks And ETFs Surged On Marijuana Rescheduling News: WTR&#8217;s Industry Report Analyzes What&#8217;s Behind The Optimism</a></em></p>
<p><em>Photo: Courtesy of&nbsp;<a href="https://unsplash.com/@aedrian?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" target="_blank" rel="noreferrer noopener">Aedrian</a>&nbsp;on&nbsp;<a href="https://unsplash.com/photos/ECt01A5HZtw?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText" target="_blank" rel="noreferrer noopener">Unsplash</a></em></p>


Cannabis

Education

Cannabis Legalization: 22M US Teenagers Are Less Interested In Weed In States Where It's Legal, Go Figure

<p>This is Pioneer&rsquo;s first stock repurchase program since completing its mutual holding company reorganization and related stock offering.</p>


PBFS

Pioneer Bancorp Adopts Stock Repurchase Program For Up To ~5% Of Its Outstanding Common Stock, Or 1.298M Shares

WIIM

Hudbay Minerals shares are trading lower after the company announced a $300 million Bought Deal Equity Offering.

Offerings

Hudbay Announces $300M Bought Deal Equity Offering Of 31.6M Shares At $9.50/Share

<p>Financial giants have made a conspicuous bullish move on Wix.com. Our analysis of options history for Wix.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) revealed 13 unusual trades.</p>
<p>Delving into the details, we found 53% of traders were bullish, while 7% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $488,004, and 5 were calls, valued at $1,425,796.</p>
<h3>What's The Price Target?</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $200.0 for Wix.com during the past quarter. </p>
<h3>Insights into 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 Wix.com's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Wix.com's significant trades, within a strike price range of $140.0 to $200.0, over the past month.</p>
<h3>Wix.com Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716324343_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 style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>WIX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$26.8</td>
<td>$25.9</td>
<td>$26.68</td>
<td>$160.00</td>
<td>$948.9K</td>
<td>1.9K</td>
<td style="text-align: right;">355</td>
</tr>
<tr>
<td>WIX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$10.5</td>
<td>$9.9</td>
<td>$10.08</td>
<td>$195.00</td>
<td>$350.9K</td>
<td>5</td>
<td style="text-align: right;">355</td>
</tr>
<tr>
<td>WIX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$36.0</td>
<td>$33.5</td>
<td>$33.57</td>
<td>$200.00</td>
<td>$167.5K</td>
<td>51</td>
<td style="text-align: right;">43</td>
</tr>
<tr>
<td>WIX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$4.5</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$140.00</td>
<td>$134.3K</td>
<td>107</td>
<td style="text-align: right;">357</td>
</tr>
<tr>
<td>WIX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/21/24</td>
<td>$20.2</td>
<td>$18.4</td>
<td>$20.2</td>
<td>$155.00</td>
<td>$52.5K</td>
<td>217</td>
<td style="text-align: right;">32</td>
</tr>
</tbody>
</table>
</p>
<h3>About Wix.com</h3>
<p>Wix.com Ltd is a cloud-based development platform provider for millions of registered users worldwide. The company is engaged in web development and management that provides an easy-to-use powerful cloud-based platform of products through a freemium model. Its platform consists of two web creation products, with a different purpose or primary audience: Wix Editor, intended for full website creation targeted at users with basic, average, or above average technological skills, and Wix Studio, intended for advanced users such as design agencies and professionals. Geographically, the company generates a majority of its revenue from the United States and the rest from Europe, Latin America, Asia, and other regions.</p>
<h3>Wix.com's Current Market Status</h3>
<ul>
<li>With a volume of 1,775,617, the price of WIX is up 3.54% at $173.97. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 72 days.</li>
</ul>
<h3>Professional Analyst Ratings for Wix.com</h3>
<p>5 market experts have recently issued ratings for this stock, with a consensus target price of $189.8.</p>
<ul>
<li>An analyst from UBS has decided to maintain their Buy rating on Wix.com, which currently sits at a price target of $200. </li>
<li>Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Wix.com, targeting a price of $180. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on Wix.com with a target price of $202. </li>
<li>Maintaining their stance, an analyst from JMP Securities continues to hold a Market Outperform rating for Wix.com, targeting a price of $180. </li>
<li>An analyst from Morgan Stanley persists with their Equal-Weight rating on Wix.com, maintaining a target price of $187. </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 Wix.com with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Wix.com Unusual Options Activity

<p>Douglas C. Yearley, Jr., chairman and chief executive officer, stated: &quot;Based on these outstanding results, and with continued solid demand as we start our&nbsp;third quarter, we are increasing our full year revenue and earnings&nbsp;guidance. We now expect to earn approximately&nbsp;$14.00&nbsp;per diluted share in fiscal 2024 with a return on beginning equity of approximately&nbsp;22%.</p>


Guidance

Toll Brothers Sees Q3 Adjusted Home Sales Gross Margin Of 27.7%; Continues To See 28.0% For FY24

<p><strong>Microsoft Corp. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) hosted its Surface and AI event Monday. The Redmond, Washington-based company introduced updates for Windows on Arm, Surface AI PCs, and improvements to <a href="https://www.benzinga.com/news/24/03/37525771/microsoft-engineer-raises-alarm-over-ai-tool-copilot-generating-disturbing-graphic-content-ignoring">Microsoft Copilot AI.</a></p>
<p>As <a href="https://www.windowscentral.com/microsoft/microsofts-ai-will-be-inside-minecraft-and-other-xbox-pc-games-new-copilot-features-will-search-your-inventories-offer-tips-and-guides?s=31">reported</a> by Windows Central, one highlight of the event was the integration of Microsoft Copilot into video games, starting with <a href="https://www.benzinga.com/general/gaming/23/10/35274750/minecraft-celebrates-15-years-hits-a-monumental-benchmark-whats-the-magic-number">Minecraft. </a></p>
<p>This feature allows players to use natural language to seek in-game guidance, such as crafting instructions, without having to rely on external sources. </p>
<p><em>See Also: <a href="https://www.benzinga.com/markets/equities/24/05/38651075/microsoft-takes-on-google-and-openai-with-new-ai-model-report">Microsoft Takes On Google And OpenAI With New AI Model: Report</a></em></p>
<p>Microsoft also highlighted it would protect user privacy, stating that data used by these AI-powered devices will remain on-device and won&#8217;t be uploaded to the cloud or used for unauthorized purposes.</p>
<p>The event also raised broader questions about the impact of AI integration in gaming and content creation. While AI assistance within games offers convenience, there are concerns about the future of traditional content publishing, as reliance on social media platforms for data input increases. </p>
<p>This shift could affect the funding and quality of database websites and Wikis, potentially leading to inaccuracies in AI-generated content.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/general/gaming/24/05/38900608/gta-5-surpasses-200-million-copies-sold-only-two-games-have-outsold-it">GTA 5 Surpasses 200 Million Copies Sold: Only Two Games Have Outsold It</a></em></p>
<p><em>Image created using photos from Shutterstock.</em></p>


Gaming

Tech

MSFT

Microsoft's AI To Power Minecraft And Other Xbox, PC Games

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Hewlett Packard</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HPE, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 8 options trades for <strong>Hewlett Packard</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $40,000, and 7, calls, for a total amount of $233,076.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $15.0 and $22.0 for Hewlett Packard, spanning the last three months.</p>
<h3>Insights into 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 Hewlett Packard's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Hewlett Packard's significant trades, within a strike price range of $15.0 to $22.0, over the past month.</p>
<h3>Hewlett Packard Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716324338_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</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>HPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$0.45</td>
<td>$0.4</td>
<td>$0.45</td>
<td>$19.00</td>
<td>$41.4K</td>
<td>4.6K</td>
<td>1.0K</td>
</tr>
<tr>
<td>HPE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$0.25</td>
<td>$0.2</td>
<td>$0.2</td>
<td>$16.00</td>
<td>$40.0K</td>
<td>493</td>
<td>2.0K</td>
</tr>
<tr>
<td>HPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.85</td>
<td>$0.75</td>
<td>$0.75</td>
<td>$22.00</td>
<td>$37.5K</td>
<td>5.0K</td>
<td>1.5K</td>
</tr>
<tr>
<td>HPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.8</td>
<td>$0.75</td>
<td>$0.7</td>
<td>$22.00</td>
<td>$35.0K</td>
<td>5.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>HPE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.8</td>
<td>$0.7</td>
<td>$0.7</td>
<td>$22.00</td>
<td>$35.0K</td>
<td>5.0K</td>
<td>800</td>
</tr>
</tbody>
</table>
</p>
<h3>About Hewlett Packard</h3>
<p>Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.</p>
<p>Following our analysis of the options activities associated with Hewlett Packard, we pivot to a closer look at the company's own performance.</p>
<h3>Hewlett Packard's Current Market Status</h3>
<ul>
<li>With a trading volume of 9,328,184, the price of HPE is down by -0.11%, reaching $17.78.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 14 days from now.</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 Hewlett Packard options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


A Closer Look at Hewlett Packard's Options Market Dynamics

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Bank of America</strong>.</p>
<p>Looking at options history for Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) we detected 18 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 55% of the investors opened trades with bullish expectations and 38% with bearish.</p>
<p>From the overall spotted trades, 5 are puts, for a total amount of $715,004 and 13, calls, for a total amount of $756,521.</p>
<h3>Projected Price Targets</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $42.0 for Bank of America during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Bank of America stands at 15861.5, with a total volume reaching 18,014.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Bank of America, situated within the strike price corridor from $25.0 to $42.0, throughout the last 30 days.</p>
<h3>Bank of America Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1716324333_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</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>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.92</td>
<td>$0.9</td>
<td>$0.92</td>
<td>$37.00</td>
<td>$460.0K</td>
<td>11.5K</td>
<td>5.0K</td>
</tr>
<tr>
<td>BAC</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$0.48</td>
<td>$0.46</td>
<td>$0.47</td>
<td>$30.00</td>
<td>$136.3K</td>
<td>79.9K</td>
<td>2.9K</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$0.64</td>
<td>$0.63</td>
<td>$0.62</td>
<td>$42.00</td>
<td>$128.5K</td>
<td>0</td>
<td>0</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$1.83</td>
<td>$1.81</td>
<td>$1.83</td>
<td>$42.00</td>
<td>$91.5K</td>
<td>2.7K</td>
<td>500</td>
</tr>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$1.81</td>
<td>$1.76</td>
<td>$1.78</td>
<td>$38.00</td>
<td>$71.2K</td>
<td>42.2K</td>
<td>510</td>
</tr>
</tbody>
</table>
</p>
<h3>About Bank of America</h3>
<p>Bank of America is one of the largest financial institutions in the United States, with more than $3.0 trillion in assets. It is organized into four major segments: consumer banking, global wealth and investment management, global banking, and global markets. Bank of America's consumer-facing lines of business include its network of branches and deposit-gathering operations, retail lending products, credit and debit cards, and small-business services. The company's Merrill Lynch operations provide brokerage and wealth-management services, as does its private bank. Wholesale lines of business include investment banking, corporate and commercial real estate lending, and capital markets operations. Bank of America has operations in several countries but is primarily US-focused.</p>
<p>After a thorough review of the options trading surrounding Bank of America, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Bank of America's Current Market Status</h3>
<ul>
<li>With a trading volume of 31,543,036, the price of BAC is up by 2.14%, reaching $39.65.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 56 days from now.</li>
</ul>
<h3>Expert Opinions on Bank of America</h3>
<p>2 market experts have recently issued ratings for this stock, with a consensus target price of $43.25.</p>
<ul>
<li>Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Bank of America with a target price of $40. </li>
<li>Maintaining their stance, an analyst from Oppenheimer continues to hold a Outperform rating for Bank of America, targeting a price of $46. </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 Bank of America, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


This Is What Whales Are Betting On Bank of America

<p><i>The JFrog ArtifactoryLog Streamer Integration with Datadog Flex Offers Maintenance-Free Infrastructure with Readily Accessible Utilization and Performance Insights Across the Software Stack</i></p>
<p><a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fjfrog.com%2F&amp;esheet=54010513&amp;newsitemid=20240521871111&amp;lan=en-US&amp;anchor=JFrog+Ltd&amp;index=1&amp;md5=37836fde8b9fb44f85d28445951d707e">JFrog Ltd</a>. ("JFrog") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>), the Liquid Software company and creators of the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fjfrog.com%2Fsoftware-supply-chain-platform%2F&amp;esheet=54010513&amp;newsitemid=20240521871111&amp;lan=en-US&amp;anchor=JFrog+Software+Supply+Chain+Platform&amp;index=2&amp;md5=d3ee72bca81aba5b7a02ee10de63135a">JFrog Software Supply Chain Platform</a>, today announced a new integration with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.datadoghq.com%2F&amp;esheet=54010513&amp;newsitemid=20240521871111&amp;lan=en-US&amp;anchor=Datadog&amp;index=3&amp;md5=ff8aefe07c1d10cff90546078b136014">Datadog</a>, the observability and security platform for cloud applications, that gives developers visibility into logs for JFrog-managed instances of Artifactory in the cloud. The JFrog SaaS Log Streamer integration with Datadog allows organizations to increase visibility and efficiency by enabling users to select and prioritize the most important logs, focusing on the items and actions that produce the greatest business impact.</p>


DDOG

FROG

JFrog, Datadog Partner To Deliver Comprehensive App Utilization Insights And Accelerate Cloud Migration

CAE shares are trading lower after the company reported a year over-year decrease preliminary Q4 financial results.

<p><strong>Super Micro Computer Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) participated in the 52nd Annual JPMorgan Global TMC Conference on Monday, where CFO <strong>David Weigand</strong> shared insights into the company&#8217;s growth trajectory and future prospects. Analyst Samik Chatterjee, CFA, highlighted key takeaways <a href="https://www.benzinga.com/quote/SMCI/news">from their discussion.</a></p>
<h2 class="wp-block-heading"><strong>Investment Cycle in AI</strong></h2>
<p>SMCI believes that the investment cycle in AI is just beginning and refutes concerns of a bubble. The company sees significant growth potential, especially as investments in AI infrastructure expand beyond the US. SMCI emphasized the benefits of accelerated computing in various sectors, such as drug analytics and weather forecasting, indicating sustained demand.</p>
<p><em>Also Read: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38045675/5-ai-stocks-that-drove-s-p-500s-q1-gains">5 AI Stocks That Drove S&amp;P 500&#8217;s Q1 Gains</a></em></p>
<h2 class="wp-block-heading"><strong>Partnerships And Expansion</strong></h2>
<p>SMCI has collaborated with a range of partners, beyond <strong>Nvidia Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), but including <strong>Intel Corp</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) and <strong>Advanced Micro Devices</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), to incorporate the latest technologies into its servers. These partnerships should help SMCI achieve a strong pipeline of products and upside in both pricing and volumes, the analyst writes.</p>
<p><em>Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38026549/this-ai-stock-is-up-254-year-to-date-and-its-not-nvidia">This AI Stock Is Up 254% Year-To-Date — And It&#8217;s Not Nvidia</a></em></p>
<p>SMCI is poised to significantly expand its rack capacity, with 40% of its allocation dedicated to <strong>liquid cooling</strong>. By the end of June 2024, the company aims to reach a capacity of 5,000 racks per month, with 2,000 racks per month being liquid-cooled. The company intends to position itself as an early adopter and volume provider of liquid-cooled racks, Chatterjee notes.</p>
<h2 class="wp-block-heading"><strong>Leveraging S&amp;P 500 Inclusion</strong> To Raise Capital Via Debt</h2>
<p>SMCI is considering unsecured debt as an option for future capital raises. With strong demand for AI servers and extended lead times for critical components like GPUs, SMCI has historically used equity and convertible bonds to pre-buy inventory. </p>
<p>However, with <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37457654/super-micro-computer-joins-s-p-500-index-an-ai-winner-at-premium-valuation-analyst-">its recent inclusion</a> in the S&amp;P 500 and a profile similar to an investment-grade company, SMCI sees unsecured debt as a viable option for raising funds in the future.</p>
<p>Investors are advised to monitor SMCI&#8217;s progress closely as it executes its expansion plans and capitalizes on emerging opportunities in the AI space.</p>
<p><em>Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37457654/super-micro-computer-joins-s-p-500-index-an-ai-winner-at-premium-valuation-analyst-">Super Micro Computer Joins S&amp;P 500 Index: An &#8216;AI Winner At Premium Valuation,&#8217; Analyst Says</a></em></p>
<p><em>Photo: Shutterstock</em></p>


Analyst Color

Analyst Ratings

INTC

NVDA

SMCI

SMCI To Use S&P 500 Status To Raise Funds, Predicts AI Breakthroughs In Medicine, Weather Forecasting

Macro Economic Events

Econ #s

Economics

USA API Weekly Crude Oil Stock Build Of 2.48M; Cushing Build Of 1.77M; Gasoline Build Of 2.088M; Diesel Draw Of 0.32M

<p>YouTuber <strong>Lee "Leonhart" Steinfeld </strong>decided to find out how <strong>GameStop</strong>&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) new <a href="https://www.benzinga.com/general/gaming/24/04/38035393/pok-mon-go-to-deliver-huge-major-features-later-this-year-teases-insider">Pokémon collectibles program works.</a></p>
<p><strong>What Happened</strong>: Leonhart — touted as the ultimate Pokemon cards unboxing channel on YouTube — visited one of the few test sites for GameStop&#8217;s new program near Dallas.</p>
<p>Arriving early in the morning, he handed over a selection of his Pokémon cards, including a Miriam trainer and a full art Squirtle from the Scarlet and Violet set, Kotaku<a href="https://kotaku.com/pokemon-card-trade-in-gamestop-youtube-leonhart-1851489326"> reported.</a> He wanted to see how the store would appraise them and what they would offer.</p>
<p>"These are cool," the GameStop employee said as he examined the PSA graded cards in their acrylic cases. The employee admitted he wasn't familiar with the grading process, asking: "So how does this whole grading thing work?" </p>
<p>GameStop announced the trade-in program earlier in the month, rolling it out quickly without extensive training for employees. </p>
<p>To appraise the cards, employees scan codes on the graded cases, which pull up images and potential values. However, they must also follow an eleven-point checklist to verify authenticity and detect fraud.</p>
<p><em>See Also: <a href="https://www.benzinga.com/general/gaming/24/05/38799011/gamestop-dives-into-collectibles-market-with-pok-mon-trading-cards">GameStop Dives Into Collectibles Market With Pokémon Trading Cards</a></em></p>
<p><strong>Why It Matters</strong>: In the video, the GameStop employee ended up calling a supervisor for guidance. He examined the cards, held them up to the light, and checked for tampering, but the process seemed subjective. </p>
<p>"It looks purely vibes-based," Steinfeld noted.</p>
<p>Before visiting, Steinfeld estimated the value of his cards using recent <strong>eBay Inc</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EBAY#NASDAQ">EBAY</a>) listings. The offers from GameStop varied widely; he received $157 for cards he believed were worth $328, about 50% of their estimated value. </p>
<p>While this might not seem great, it&#8217;s better than trading in games—GameStop only offers $20 cash for a $70 new game like Stellar Blade.</p>
<p>Selling graded cards to GameStop might seem odd, especially when platforms like eBay or <strong>Meta Platforms Inc&#8217;</strong>s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Facebook often yield better prices. See video below:</p>
<p><figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><br />
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="I Sold Pokemon Cards to GameStop (IT&#039;S A MESS)" width="500" height="281" src="https://www.youtube.com/embed/hfhRdiBeDxc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
<p></p></figure></p>
<p><em>Read Next: <a href="https://www.benzinga.com/top-stories/24/05/38945975/meme-stocks-gamestop-amc-fade-in-interest-after-roaring-kitty-exit-heres-what-wallstreetbets-is-eyei">Meme Stocks GameStop, AMC Fade In Interest After Roaring Kitty Exit: Here&#8217;s What WallStreetBets Is Eyeing Next</a></em></p>
<p><em>Image created using photos from Shutterstock.</em></p>


EBAY

YouTuber Lee 'Leonhart' Steinfeld Tests GameStop's Pokémon Card Trade-In: Walks Away With $157 For $328 Haul

CAE Expects FY25 Civil Performance To Be More Heavily Weighted In Second Half, Expects Defense Annual Rev Growth In Low-To-Mid-Single Digit Percent Range

Haemonetics shares are trading lower after the company announced a $525 million Convertible Senior Notes offering.

<p>Maxeon Solar Technologies, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAXN#NASDAQ">MAXN</a>) (the "Company"), a global leader in solar innovation and channels, announced that on May 17, 2024, it received a notice of non-compliance (the "Notice") from the Nasdaq Global Select Market ("Nasdaq") stating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) ("Listing Rule") because the Company did not timely file its annual report for the fiscal year ended December 31, 2023 on Form 20-F (the "Annual Report") with the Securities and Exchange Commission (the "SEC").</p>


Maxeon Solar Technologies, Ltd. - Ordinary Shares

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