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Shares of Chinese stocks are trading higher after Goldman Sachs and UBS lifted their outlooks amid market reforms.

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Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), will be reporting its first-quarter earnings on Wednesday. Wall Street expects $4.28 in EPS and $36.1 billion in revenues as the company reports <a href="https://www.benzinga.com/calendars/earnings?tickers=META">after market hours</a>.
Meta stock is up over 130% in the past year, over 39% YTD, riding on the artificial intelligence wave along with its Magnificent 7 peers.
Let&#8217;s look at how the stock is technically setup ahead of Q1 earnings, and how it currently maps against Wall Street estimates.
<h2 class="wp-block-heading">Meta Stock Technical Setup Ahead Of Q1 Earnings</h2>
Charts indicate that the current trend for Meta stock is strongly bearish. The share price is below its 5, 20, and 50-day exponential moving averages, indicating slight selling pressure. 
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="626" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23101845/Screenshot-2024-04-23-at-6.04.43-PM.jpg" alt="" class="wp-image-304593" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23101845/Screenshot-2024-04-23-at-6.04.43-PM.jpg 626w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23101845/Screenshot-2024-04-23-at-6.04.43-PM-300x219.jpg 300w" sizes="(max-width: 626px) 100vw, 626px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
With Meta stock&#8217;s price at $488, below its 8-day simple moving average of $494.83 and its 20-day SMA of $502.34, both suggest a bearish signal. Similarly, the stock&#8217;s price lies below its 50-day SMA of 494.77, reinforcing the bearish sentiment. 
However, it&#8217;s noteworthy that Meta stock&#8217;s price exceeds its 200-day simple moving average of $369.60, indicating a bullish signal. 
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="626" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23102059/Screenshot-2024-04-23-at-6.06.07-PM.jpg" alt="" class="wp-image-304598" style="width:800px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23102059/Screenshot-2024-04-23-at-6.06.07-PM.jpg 626w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/23102059/Screenshot-2024-04-23-at-6.06.07-PM-300x219.jpg 300w" sizes="(max-width: 626px) 100vw, 626px" /></figure>
<a target="_blank" href="https://pro.benzinga.com/dashboard" rel="noreferrer noopener">Chart: Benzinga Pro</a>
Additionally, the Moving Average Convergence Divergence (MACD) indicator stands at -0.56, suggesting a bearish momentum for the stock. The Relative Strength Index (RSI), however, at 45.07 appears to be flirting with the oversold zone which lies below 30. 
Despite the conflicting signals, the Bollinger Bands reinforce the bearish technical thesis for Meta stock, with the price trading in the lower band. Overall, the current sentiment for Meta stock appears relatively bearish, with moving averages as well as oscillators pointing towards a bearish momentum built up for the stock.
Also Read: <a href="https://www.benzinga.com/insights/news/24/04/38380623/heres-how-much-you-would-have-made-owning-meta-platforms-stock-in-the-last-10-years">Here&#8217;s How Much You Would Have Made Owning Meta Platforms Stock In The Last 10 Years</a>
<h2 class="wp-block-heading">Meta Analysts Consensus Ratings</h2>
Ratings &amp; Consensus Estimates: <a href="https://www.benzinga.com/quote/META/analyst-ratings">The consensus analyst rating</a> on Meta stock stands at a Buy with a price target of $459.70.
However, the last three analysts who reviewed the stock from April 18 onwards &#8211; JMP Securities, Bernstein, and Keybanc &#8211; have their price targets in the range of $550 to $590 on the stock. That&#8217;s an implied upside of 10.5% to 18.5% on Meta stock from these 3 analysts.
Price Action: Shares of Meta are up 2.3% to $492.93 at the time of publication Tuesday.
Read Next: <a href="https://www.benzinga.com/news/24/04/38372183/meta-takes-a-leaf-out-of-googles-playbook-aims-to-make-quest-os-the-android-of-mixed-reality">Meta Takes A Leaf Out Of Google&#8217;s Playbook, Aims To Make Quest OS The Android Of Mixed Reality</a>
Photo by DANIEL CONSTANTE on Shutterstock.

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Trading Ideas

Meta Platforms Stock Chart Flashes Uncertain Signals Ahead Of Q1 Earnings

Citigroup analyst Steven Enders maintains BlackLine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BL#NASDAQ">BL</a>) with a Neutral and lowers the price target from $66 to $63.

Price Target

Citigroup Maintains Neutral on BlackLine, Lowers Price Target to $63

"That menu is certainly critical," John Hartmann  CEO of Ascend Wellness Holdings (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAWH#OTC">AAWH</a>) said to those gathered at the <a href="https://www.benzinga.com/events/cannabis-conference/" target="_blank" rel="noreferrer noopener">Benzinga Cannabis Capital Conference</a> in Florida on April 16-17 in a conversation about how to best attract retail consumers. 
"They&#8217;re&nbsp;looking for&nbsp;variety in the products,"&nbsp;he continued."And so whether&nbsp;that&#8217;s&nbsp;the strength of the THC or the terpene component, or whether&nbsp;it&#8217;s&nbsp;a different form factor. I think having a really well-balanced menu that meets the needs of a variety of customers is something&nbsp;we&#8217;re&nbsp;focused&nbsp;on."&nbsp;
Hartmann joined three other industry experts &#8211; Kyle Sherman, founder &amp; CEO of Flowhub, Jon Lowen, co-CEO of Surfside Solutions Inc. and Ankur Rungta, co-founder and CEO of C3 Industries. The panel, "Is your retail experience what consumers are really looking for?" was moderated by Rachel Wright managing partner at 420 CPA and host of Highly Capitalized Network News Highly Capitalized. 
<h2 class="wp-block-heading">Value Points, Tech &amp; Consistency&nbsp;</h2>
The head of a vertically integrated cannabis company with a national presence, Rungta, highlighted that nowadays&nbsp;"consumers&nbsp;are very, very value-focused,"&nbsp;and value points include not only the right high-quality&nbsp;products,&nbsp;but also&nbsp;"pricing, assortment, and promo strategy."&nbsp;He added it is&nbsp;important&nbsp;to make the offering exciting for all different types of consumers.
For Sherman, a CEO of the cannabis retail and payments platform for dispensaries nationwide, the tech is crucial.&nbsp;"It&#8217;s&nbsp;funny tech is such a behind-the-scenes thing, right?"&nbsp;he asked.&nbsp;"It&#8217;s&nbsp;pretty easy to forget that."&nbsp;
Sherman stressed that tech is really important, all the way from the first moment that a consumer walks into a store and they get their ID scanned. He was touring around the country and found out that in some dispensaries it takes 10 minutes to check in, which could make some customers wonder why they would go back there. Next to the check-in process is the experience of interacting with the budtender, which is also a point where tech can help, as it can provide the budtender with a lot of information on the customer's purchasing habits. 
Wright pointed out that consistency is also another important detail to keep the customers in addition to the efficiency of time. Customers like to have consistent experiences in the same stores at different locations. 
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/04/38336077/exclusive-banking-fit-means-your-cannabis-business-is-at-the-pinnacle-of-fitness-experts-explain">Banking-Fit Means Your Cannabis Business Is At The &#8216;Pinnacle Of Fitness,&#8217; Experts Explain At Benzinga Conference</a>
<h2 class="wp-block-heading">Focusing On The Lion's Share Of Revenue</h2>
Lowen, who is at the helm of a marijuana-focused provider of marketing and data solutions, followed up by saying it is important to use technology for communication. If these customers love flower or pre-rolls, when they walk in they should see flower and pre-rolls.
"We want those product listings to show up first," Lowen said. "We want those products that they&#8217;re the most interested in based on maybe previous exposure to different purchases or interests that they&#8217;ve shown up from a data perspective so that we can create this continuous flow of communication and content." 
Rungta followed up by saying that&nbsp;"every store has its own unique sort of customer base and demographics and purchasing&nbsp;habits,"&nbsp;and that it is&nbsp;really&nbsp;hard&nbsp;to generalize even across a single state, let alone across a whole business.&nbsp;His business is seeing 80% of sales coming from 20% of its customers,&nbsp;and those customers&nbsp;are buying certain products like&nbsp;flower.
It is&nbsp;important&nbsp;to focus on the&nbsp;lion's&nbsp;share of the revenue, Rungta said,&nbsp;adding&nbsp;"The more you try to generalize in this space, the more&nbsp;you're&nbsp;going to struggle from a performance standpoint."
<h2 class="wp-block-heading">Information Overload&nbsp;</h2>
Hartmann explained that there are three types of customers – very experienced who know what they want, the ones who enjoy the community of the dispensary and the third group is the newest, comprised of people who want to learn. Those new ones, however, could end up representing 80% of your sales, "but they need some education sometimes hand-holding." 
Rungta cautioned that a lot of customers are dealing with &#8220;information overload," especially very competitive markets, and are getting bombarded with advertisements. The businesses should try to declutter that information to cut through the noise. 
Harmann added about another important factor – getting customer feedback, concluding "it's all about the customer."
Now read:&nbsp;<a href="https://www.benzinga.com/markets/cannabis/24/04/38281470/the-court-case-that-could-change-the-cannabis-industry-forever-and-how-it-affects-rescheduling" target="_blank" rel="noreferrer noopener">The Court Case That Could Change The Cannabis Industry Forever And How It Affects&nbsp;Rescheduling</a>

Cannabis

Exclusives

AAWH

Marijuana Consumers Are Dealing With Information Overload, Experts At Benzinga Cannabis Conference Discuss Improving Retail Experience

Investors with a lot of money to spend have taken a bullish stance on Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with WOLF, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Wolfspeed.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 38%, bearish.
Out of all of the special options we uncovered, 8 are puts, for a total amount of $1,372,243, and 5 are calls, for a total amount of $444,170.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $12.5 to $30.0 for Wolfspeed during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
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 activity within a strike price range from $12.5 to $30.0 in the last 30 days. 
<h3>Wolfspeed Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713888952_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.8</td>
<td>$2.4</td>
<td>$2.9</td>
<td>$12.50</td>
<td>$870.0K</td>
<td style="text-align: right;">7</td>
<td>3.0K</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$7.6</td>
<td>$7.4</td>
<td>$7.6</td>
<td>$20.00</td>
<td>$227.2K</td>
<td style="text-align: right;">446</td>
<td>300</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.6</td>
<td>$5.3</td>
<td>$5.6</td>
<td>$22.50</td>
<td>$186.4K</td>
<td style="text-align: right;">785</td>
<td>65</td>
</tr>
<tr>
<td>WOLF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$8.3</td>
<td>$8.1</td>
<td>$8.3</td>
<td>$17.50</td>
<td>$79.6K</td>
<td style="text-align: right;">43</td>
<td>98</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.7</td>
<td>$6.5</td>
<td>$6.7</td>
<td>$25.00</td>
<td>$78.3K</td>
<td style="text-align: right;">1</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About Wolfspeed</h3>
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.
<h3>Where Is Wolfspeed Standing Right Now?</h3>
<ul>
<li>With a trading volume of 2,903,625, the price of WOLF is down by -2.59%, reaching $23.32.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 8 days from now.</li>
</ul>
<h3>Expert Opinions on Wolfspeed</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $31.0.
<ul>
<li>An analyst from Deutsche Bank persists with their Hold rating on Wolfspeed, maintaining a target price of $30. </li>
<li>In a cautious move, an analyst from Mizuho downgraded its rating to Neutral, setting a price target of $30. </li>
<li>An analyst from Susquehanna has decided to maintain their Neutral rating on Wolfspeed, which currently sits at a price target of $35. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Neutral rating for Wolfspeed, targeting a price of $35. </li>
<li>Consistent in their evaluation, an analyst from Susquehanna keeps a Neutral rating on Wolfspeed with a target price of $25. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Wolfspeed, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

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Wolfspeed Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bearish stance on Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Morgan Stanley.
This isn't normal.
The overall sentiment of these big-money traders is split between 20% bullish and 60%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,500, and 9, calls, for a total amount of $885,840.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $100.0 for Morgan Stanley, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Morgan Stanley's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Morgan Stanley's significant trades, within a strike price range of $50.0 to $100.0, over the past month.
<h3>Morgan Stanley Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713888947_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$43.15</td>
<td>$42.85</td>
<td>$42.85</td>
<td>$50.00</td>
<td>$428.5K</td>
<td>184</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$3.85</td>
<td>$3.8</td>
<td>$3.8</td>
<td>$95.00</td>
<td>$152.0K</td>
<td>5.7K</td>
<td style="text-align: right;">45</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$2.73</td>
<td>$2.72</td>
<td>$2.72</td>
<td>$97.50</td>
<td>$108.8K</td>
<td>5.8K</td>
<td style="text-align: right;">405</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.43</td>
<td>$2.4</td>
<td>$2.4</td>
<td>$95.00</td>
<td>$48.0K</td>
<td>14.1K</td>
<td style="text-align: right;">342</td>
</tr>
<tr>
<td>MS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$1.81</td>
<td>$1.77</td>
<td>$1.79</td>
<td>$93.00</td>
<td>$35.8K</td>
<td>475</td>
<td style="text-align: right;">363</td>
</tr>
</tbody>
</table>

<h3>About Morgan Stanley</h3>
Morgan Stanley is a global investment bank whose history, through its legacy firms, can be traced back to 1924. The company has institutional securities, wealth management, and investment management segments. The company had over $4 trillion of client assets as well as over 80,000 employees at the end of 2022. Approximately 50% of the company's net revenue is from its institutional securities business, with the remainder coming from wealth and investment management. The company derives about 30% of its total revenue outside the Americas.
Having examined the options trading patterns of Morgan Stanley, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Morgan Stanley</h3>
<ul>
<li>With a trading volume of 1,437,105, the price of MS is up by 1.44%, reaching $93.42.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 84 days from now.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Morgan Stanley, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In Morgan Stanley Options

Whales with a lot of money to spend have taken a noticeably bearish stance on EQT.
Looking at options history for EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 60% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $221,450 and 8, calls, for a total amount of $717,174.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $47.0 for EQT over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for EQT's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across EQT's significant trades, within a strike price range of $30.0 to $47.0, over the past month.
<h3>EQT 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713888941_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>EQT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$0.76</td>
<td>$0.72</td>
<td>$0.72</td>
<td>$42.00</td>
<td>$216.0K</td>
<td>1.5K</td>
<td>3.0K</td>
</tr>
<tr>
<td>EQT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$6.7</td>
<td>$6.6</td>
<td>$6.6</td>
<td>$33.00</td>
<td>$188.7K</td>
<td>331</td>
<td>0</td>
</tr>
<tr>
<td>EQT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.63</td>
<td>$2.31</td>
<td>$2.55</td>
<td>$35.00</td>
<td>$153.0K</td>
<td>5.9K</td>
<td>0</td>
</tr>
<tr>
<td>EQT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$10.15</td>
<td>$10.0</td>
<td>$10.14</td>
<td>$30.00</td>
<td>$101.4K</td>
<td>1.2K</td>
<td>201</td>
</tr>
<tr>
<td>EQT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.9</td>
<td>$3.85</td>
<td>$3.9</td>
<td>$40.00</td>
<td>$70.2K</td>
<td>2.4K</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About EQT</h3>
EQT Corp is an independent natural gas production company with operations focused in the cores of the Marcellus and Utica shales in the Appalachian Basin, located in the Eastern United States. The firm focuses on executing combo-development projects for developing multiwell pads to meet supply needs, with a focus on maximizing operational efficiency, technology, and sustainability. Its main customers include marketers, utilities, and industrial operators in the Appalachian Basin. The company has one reportable segment and its revenue stems from three types of gas reserves: natural gas, natural gas liquids, and crude oil. All of the firm's operating revenue is generated in the U.S., with most revenue flowing from the Marcellus Shale field and through the sale of natural gas.
In light of the recent options history for EQT, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>EQT's Current Market Status</h3>
<ul>
<li>With a volume of 2,226,757, the price of EQT is up 0.91% at $38.31. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 0 days.</li>
</ul>
<h3>What Analysts Are Saying About EQT</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $41.4.
<ul>
<li>Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for EQT, targeting a price of $43. </li>
<li>In a positive move, an analyst from Scotiabank has upgraded their rating to Sector Outperform and adjusted the price target to $52. </li>
<li>An analyst from Bernstein upgraded its action to Market Perform with a price target of $34. </li>
<li>An analyst from Wells Fargo has revised its rating downward to Equal-Weight, adjusting the price target to $37. </li>
<li>Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for EQT, targeting a price of $41. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for EQT, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

This Is What Whales Are Betting On EQT

Deutsche Bank analyst Robert Sanders maintains Wolfspeed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>) with a Hold and lowers the price target from $35 to $30.

Deutsche Bank Maintains Hold on Wolfspeed, Lowers Price Target to $30

Trump Media &amp; Technology Group Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)<a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">&nbsp;shares are trading lower on Tuesday.</a>&nbsp;The stock has been in free fall for the last month.
In&nbsp;an&nbsp;<a target="_blank" href="https://s3.amazonaws.com/sec.irpass.cc/2660/0001140361-24-020575.pdf" rel="noreferrer noopener">exchange filing</a>&nbsp;last week, the company said it sent a letter to Nasdaq regarding&nbsp;<a target="_blank" href="https://www.benzinga.com/general/politics/24/04/38298524/trump-sees-net-worth-dip-below-4b-after-truth-social-stock-tumbles-could-ex-president-sell-share" rel="noreferrer noopener">suspected short-selling activity in its shares.</a>
Related:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38337541/trump-media-technology-group-alleges-naked-short-selling-seeks-nasdaqs-intervention" rel="noreferrer noopener">Trump Media &amp; Technology Group Allege Naked Short Selling, Seek Nasdaq&#8217;s Intervention</a>
Today, the company clarified to its shareholders that brokerage firms may facilitate short selling in DJT shares by lending shareholders&#8217; shares held in margin accounts.
Former President&nbsp;<a target="_blank" href="https://www.benzinga.com/topic/donald-trump" rel="noreferrer noopener">Donald Trump&#8217;s</a>&nbsp;Trump Media &amp; Technology Group, behind the Truth Social platform,&nbsp;specifically&nbsp;asked shareholders to hold their DJT shares in a cash account at their brokerage firm instead of a margin account.
The company has also asked shareholders to opt out of&nbsp;any&nbsp;securities lending programs, which should stop their broker from lending their shares.
In addition, Trump Media &amp; Technology&nbsp;said it&nbsp;prefers its&nbsp;shareholders&nbsp;to move their shares to a Direct Registration account at the company&#8217;s transfer agent, Odyssey Transfer &amp; Trust Company.
&#8220;As you know, &#8216;naked&#8217; short selling – selling shares of a stock without first borrowing the shares deemed difficult to locate – is generally illegal under Securities and Exchange Commission Regulation SHO,&#8221; TMTG CEO&nbsp;Devin Nunes&nbsp;said in a letter to the Nasdaq.
The letter comes as reports show TMTG as one of&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38319481/why-trump-media-technology-group-shares-are-gaining-thursday" rel="noreferrer noopener">the most expensive stocks to short.</a>
&#8220;Data made available to&nbsp;use&nbsp;indicate that just four market participants have been responsible for over 60% of the extraordinary volume of DJT shares traded: Citadel Securities, VIRTU Americas, G1 Execution Services, and Jane Street Capital,&#8221; TMTG said in a filing.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/general/politics/24/04/38362005/donald-trump-may-soon-receive-36-million-more-djt-shares-key-milestone-ahead" rel="noreferrer noopener">Donald Trump May Soon Receive An Additional $1.26B In DJT Shares: Key Milestone&nbsp;Ahead</a>
Price Action:&nbsp;DJT shares are trading lower by 8.73% to $32.40&nbsp;at&nbsp;the last check Tuesday.
Photo via Shutterstock

Equities

Movers

General

What's Going On With Trump Media & Technology Stock On Tuesday?

Guggenheim analyst Joseph Osha maintains NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) with a Buy and lowers the price target from $73 to $60.

Guggenheim Maintains Buy on NEXTracker, Lowers Price Target to $60

Vaxxinity Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VAXX#NASDAQ">VAXX</a>) shares are trading lower by 10% to $0.24 during Tuesday&#8217;s session. The stock is trading lower on continued volatility after the company announced its intention to voluntarily delist and deregister its Class A <a href="https://www.benzinga.com/pressreleases/24/04/g38342671/vaxxinity-announces-intention-to-voluntarily-delist-and-deregister-its-class-a-common-stock">common stock</a>.
<h2 class="wp-block-heading">What Else?</h2>
Vaxxinity has decided to delist from Nasdaq due to non-compliance with the minimum bid price requirement. This move aims to tackle low trading activity, which the company says has been an obstacle in raising capital and attracting investors. By delisting and deregistering, the company says it can concentrate its resources on research and development without being distracted by stock price fluctuations. 
The delisting is set to occur around May 9, followed by potential trading on over-the-counter markets. Vaxxinity will file the required forms with the SEC to finalize these changes and suspend reporting obligations.
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38376943/ups-delivers-mixed-bag-of-q1-results-maintains-guidance-despite-lower-volumes">UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes</a>
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, VAXX has a 52-week high of $3.10 and a 52-week low of $0.19.

VAXX

Why Vaxxinity (VAXX) Shares Are Volatile Today

Citigroup analyst Atif Malik maintains KLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) with a Buy and raises the price target from $700 to $725.

KLAC

Citigroup Maintains Buy on KLA, Raises Price Target to $725

Virgin Galactic Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) shares are trading higher by 19% to $0.89 during Tuesday&#8217;s session, rebounding following recent, marked weakness. The company <a href="https://www.benzinga.com/news/24/04/38341013/why-virgin-galactic-stock-is-crashing-to-all-time-lows">recently announced</a> it is contemplating a reverse stock split, potentially at a ratio between 1-for-2 and 1-for-20, as disclosed in an SEC filing. 
This proposal is set to be voted on at the company&#8217;s upcoming annual meeting on June 12. SPCE shares have seen a significant decline of roughly 35% over the past month, reaching all-time lows. 
Additionally, approximately 25% of available Virgin Galactic shares are currently being sold short. Short interest refers to the number of shares that have been sold short by investors betting on the stock&#8217;s decline.
When a stock experiences a significant increase in price, short sellers may rush to cover their positions to limit their losses, driving the price even higher. In the case of Virgin Galactic, with approximately 25% of available shares being sold short, a sharp increase in the stock price could trigger a short squeeze as short sellers scramble to buy shares to cover their positions.
See Also: <a href="https://www.benzinga.com/news/earnings/24/04/38376943/ups-delivers-mixed-bag-of-q1-results-maintains-guidance-despite-lower-volumes">UPS Delivers Mixed Bag Of Q1 Results, Maintains Guidance Despite Lower Volumes</a>
<h2 class="wp-block-heading">Should I Sell My SPCE Stock?</h2>
When deciding to hold on to or sell a stock, investors should consider their time horizon, unrealized gains and total return.
Shares of Virgin Galactic have decreased by 73.66% in the past year. An investor who bought shares of Virgin Galactic at the beginning of the year would take a loss of $1.54 per share if they sold it today. The stock has fallen 38.34% over the past month, meaning an investor who bought shares on Mar. 1 would see a capital loss of $0.78.
Virgin Galactic Hldgs shares have an all-time high of $55.91, representing 6616.72% upside from current levels.
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Virgin Galactic stock currently has an RSI of 10.42, indicating oversold conditions.
SPCE has a 52-week high of $6.17 and a 52-week low of $0.70.

SPCE

What's Going On With Virgin Galactic (SPCE) Stock?

<a href="https://asia.nikkei.com/Business/Tech/Semiconductors/New-York-woos-Japan-companies-to-join-Micron-in-nascent-chip-hub" title="https://asia.nikkei.com/Business/Tech/Semiconductors/New-York-woos-Japan-companies-to-join-Micron-in-nascent-chip-hub">https://asia.nikkei.com/Business/Tech/Semiconductors/New-York-woos-Japan-companies-to-join-Micron-in-nascent-chip-hub</a>

INTC

NVDA

Micron To Invest $100B Over 20 Years In Upstate New York Chip Hub

Deutsche Bank analyst Michael Linenberg maintains Controladora Vuela (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLRS#NYSE">VLRS</a>) with a Buy and raises the price target from $11 to $12.

VLRS

Deutsche Bank Maintains Buy on Controladora Vuela, Raises Price Target to $12

Editor&#8217;s Note: This article has been updated to include a statement from Tether regarding the company&#8217;s compliance with OFAC sanctions.
Venezuela&#8217;s state-owned oil company, PDVSA, is turning to cryptocurrency to adapt as the United States reimposes <a href="https://www.benzinga.com/news/24/04/38290486/team-biden-considers-reinstating-oil-sanctions-on-venezuela-over-election-concerns-report">sanctions on the country&#8217;s oil industry</a>.
What Happened: In a move to bypass potential restrictions on traditional financial channels, PDVSA is accelerating its shift towards using digital currencies, particularly Tether (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>), for crude oil and fuel exports, Reuters reported.
The US Treasury Department&#8217;s decision to revoke a general license for Venezuelan oil transactions has created significant challenges for PDVSA. 
Previously, companies could freely trade with Venezuela under this license. Now, they&#8217;ll need individual U.S. authorization, potentially delaying or hindering oil sales.
By transitioning to USDT, a dollar-pegged cryptocurrency, PDVSA hopes to mitigate the risk of having its export revenue frozen in foreign bank accounts due to sanctions. 
This strategy essentially allows them to bypass traditional banking systems that could be restricted by US measures.
A spokesperson from Tether told Benzinga the company adheres to regulatory standards: &#8220;Tether respects the OFAC SDN list and is committed to working to ensure sanction addresses are frozen promptly.&#8221;
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38372445/cathie-woods-ark-invest-says-bitcoin-could-be-priming-for-over-3-000-rally-over-nex">Cathie Wood&#8217;s Ark Invest Says Bitcoin Could Be Priming For Over 3,000% Rally Over Next 12 Months As King Crypto Becomes Less Inflationary Than Gold After Halving</a>
Why It Matters: While innovative, the pivot towards cryptocurrency presents its own hurdles. 
Firstly, using crypto for oil transactions is still uncommon, raising compliance concerns for some traders. 
Secondly, Venezuela&#8217;s reliance on intermediaries to facilitate these digital transactions could eat into their profits.
Despite the challenges, Venezuela intends to press forward with oil sales and project expansions during the US-imposed wind-down period. 
They&#8217;ll then seek individual authorizations for continued trade. 
Oil analysts remain cautious, predicting a potential ceiling on Venezuelan oil output and revenue in the long term. 
However, Venezuelan Oil Minister Pedro Tellechea expressed confidence in PDVSA&#8217;s &#8220;trading strength&#8221; and their ability to navigate the renewed sanctions.
What&#8217;s Next: The Venezuelan case highlights the increasing role of cryptocurrencies in international trade, but also the complexities involved. 
If you&#8217;re interested in a deeper dive into the future of digital assets and their potential impact on global markets, then consider attending the Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38377217/spot-bitcoin-etfs-see-35m-net-inflow-on-first-trading-day-after-halving-trump-reverses-tik">Spot Bitcoin ETFs See $35M Net Inflow On First Trading Day After Halving; Trump Reverses TikTok Ban Stance, Accuses Biden Of Favoring Zuckerberg&#8217;s Meta &#8211; Top Headlines Today While US Slept</a>
Image: Shutterstock

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

Cryptocurrency

Politics

$USDT

Venezuela Turns To Crypto As US Sanctions Return On Oil Exports (UPDATED)

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares are trading higher Tuesday amid a broader market rally. Here's a <a href="https://www.benzinga.com/markets/equities/24/04/38309267/oracle-bets-big-on-japans-cloud-boom-with-8b-investment">look at what to know.</a>
What To Know:
The company <a href="https://www.benzinga.com/pressreleases/24/04/b38287894/palantir-designated-awardable-vendor-for-department-of-defense-chief-digital-and-artificial-intell">announced</a> last week it had been designated as an &#8220;Awardable&#8221; vendor for the Chief Digital and Artificial Intelligence Office&#8217;s (CDAO) Tradewinds Solutions Marketplace. Palantir&#8217;s AI Mission Command Capability and its Predictive Maintenance &amp; Precision Sustainment Suite, were added to the Marketplace. 
According to a report from Marketing Brew last week, Palantir has been<a href="https://www.benzinga.com/markets/equities/24/04/38331941/palantir-technologies-pitches-agencies-for-inventory-and-supply-chain-management-use-cases-whats"> pitching</a> its software to ad agencies with inventory planning, programmatic sales, and campaign optimization use cases.
Palantir is set to report its first-quarter financial results on May 6 after the market close. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, analysts expect the company to report earnings of 8 cents per share and quarterly revenue of $625.33 million.&nbsp;
Related News: <a href="https://www.benzinga.com/news/24/04/38360358/whats-going-on-with-luxury-ev-maker-lucids-stock">What&#8217;s Going On With Luxury EV-Maker Lucid&#8217;s Stock?</a>
<h2 class="wp-block-heading">PLTR Stock Forecast In 2030:</h2>
Predicting the future in stock prices over long periods of time is challenging. Wall Street analysts use complex models that take into account interest rates, economic growth, competitive advantages, management teams and historical profitability, among a host of other factors.
If, as an investor, you want to assume most of the major factors remain stable, you can use trend analysis as a helpful tool. Using a longer term trend line or historical performance of the stock, you can aim to forecast a stock's annual rate of return.
For Palantir Technologies, over the past 5 years, it's annualized stock performance is 17.16%, and if you assume that trend continues for another 5 years, you can expect a stock to trade at $47.79.
Using a trend line (see how to <a href="https://www.benzinga.com/23/01/30335939/a-guide-on-how-to-identify-trend-reversals">perform this function here</a>), If you choose to use a trend line, connect your two points and look into the future to the point in time in which you're curious. Once you've identified that stock price, you may want to consider what type of conditions would need to exist for the stock to justify the share price &#8211; be it an outside influence or managerial decision making.
PLTR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Palantir shares are up 3.23% at $21.65 at the time of publication Tuesday.
Image: Cory Doctorow from Flickr

PLTR

What's Going On With Palantir Stock Today?

Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares are trading higher Tuesday ahead of its <a href="https://www.benzinga.com/news/24/04/38382031/healthstream-reports-upbeat-results-joins-spotify-ryder-system-and-other-big-stocks-moving-higher-on">earnings report on Thursday.&nbsp;</a>
What To Know:&nbsp;
Roku shares dipped last week in sympathy with Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) which fell after it reported<a href="https://www.benzinga.com/news/earnings/24/04/38324337/netflix-q1-earnings-highlights-revenue-beat-eps-beat-9-33-million-paid-subs-added-ad-tier-plan-upda">first-quarter results</a> and announced it will stop releasing subscription figures each quarter. 
Last Friday, Wedbush analyst Michael Pachter maintained an Outperform rating on Roku, but lowered the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38363222/roku-investor-sentiment-decidedly-negative-into-earnings-says-analyst">price target </a>from $120 to $80. Benchmark reiterated its Buy rating and $115 price target on the stock.
Roku is set to report its first-quarter financial results after the market close on Thursday and will host a conference call to discuss the results at 5:00 p.m. the same day. According to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, analysts expect the company to report losses of 61 cents per share and quarterly revenue of $848.616 million.&nbsp;
Related News: <a href="https://www.benzinga.com/news/24/04/38360358/whats-going-on-with-luxury-ev-maker-lucids-stock">What&#8217;s Going On With Luxury EV-Maker Lucid&#8217;s Stock?</a>
<h2 class="wp-block-heading">Will ROKU Stock Go Up?</h2>
When trying to assess whether or not Roku will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $90.60 on Roku. The Street high target is currently at $120 and the Street low target is $45. Of all the analysts covering Roku, 7 have positive ratings, no one has neutral ratings and 3 have negative ratings.
In the last month, 4 analysts have adjusted price targets. Here's a look at recent price target changes <a href='https://www.benzinga.com/quote/ROKU/analyst-ratings'>[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Roku have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Roku is 5.72% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Roku, visit <a href='https://www.benzinga.com/quote/ROKU'>here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href='https://pro.benzinga.com/'>Benzinga Pro</a>. Start your free trial today.
ROKU Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Roku shares are up 3.53% at $60.58 at the time of publication Tuesday.
Image: Shutterstock

NFLX

ROKU

What's Going On With Roku Stock Ahead Of Earnings?

B of A Securities analyst Julien Dumoulin-Smith maintains FirstEnergy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FE#NYSE">FE</a>) with a Underperform and raises the price target from $30 to $35.