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Solventum - Government Trades

Solventum

Solventum Corp is an independent healthcare company with a primary focus on addressing healthcare challenges. Its diverse product portfolio spans the healthcare industry, including medical solutions, oral care, health information systems, and separation and purification sciences.

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News

Hedge Funds

Politics

GEHC

Janus Henderson Group plc Ordinary Shares

SOLV

Trian Fund Management reshaped its portfolio in Q3. The moves come as Donald Trump&#39;s election victory is expected to bring significant economic policy shifts.

Nelson Peltz&#39;s Trian Fund Management Reshaped Portfolio Ahead Of Presidential Election

Earnings

Earnings Beats

Large Cap

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Health Care

Events

Markets

Analyst Ratings

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General

Solventum Corporation (NYSE: SOLV) recently announced the launch of the V.A.C. Peel and Place Dressing, an integrated dressing and drape that can be applied quickly and worn by patients for up to seven days.

Solventum Shares May Gain on the Launch of Its New V.A.C Therapy

Entertainment

Gaming

ETFs

BNGE

FERG

iShares Trust S&P Global Telecommunications Sector Index Fund

JRNY

Trian Fund Management, co-founded by billionaire Nelson Peltz, still owns a piece of Walt Disney Company after selling its entire stake in May.

Disney Still Makes Up A Chunk Of Peltz&#39;s Trian Fund Despite $4B Exit, Records Show

Senator Tommy Tuberville

Personal Finance

ARKK

HUMA

INTC

PARA

PARAA

SSBK

Senator Tommy Tuberville disclosed numerous stock trades on Friday June 14. A look at some of the key highlights.

Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here&#39;s What The US Senator Is Betting On Now

Equities

Guidance

Dividends

Movers

3M Company reports better-than-expected Q1 2024 results, with net sales of $8.00B, adjusted EPS of $2.39, and operating cash flow of $767M. 

What&#39;s Going On With Post-It Maker 3M Shares Today?

Solventum Corp

SOLVE

SOLVAC SA by SOLVAC SA

SOLVBL SOLUTIONS INC by SOLVBL SOLUTIONS INC.

SoLVBL Solutions Inc

SOLVAY BANK SOLVAY NY by Solvay Bank (NY)

Solvay Bank

Solvay SA

<a href="https://www.justice.gov/usao-cdca/pr/texas-based-oil-and-gas-company-phillips-66-indicted-alleged-violations-clean-water#:~:text=LOS%20ANGELES%20%E2%80%93%20A%20federal%20grand,the%20Los%20Angeles%20County%20sewer" title="https://www.justice.gov/usao-cdca/pr/texas-based-oil-and-gas-company-phillips-66-indicted-alleged-violations-clean-water#:~:text=LOS%20ANGELES%20%E2%80%93%20A%20federal%20grand,the%20Los%20Angeles%20County%20sewer">https://www.justice.gov/usao-cdca/pr/texas-based-oil-and-gas-company-phillips-66-indicted-alleged-violations-clean-water#:~:text=LOS%20ANGELES%20%E2%80%93%20A%20federal%20grand,the%20Los%20Angeles%20County%20sewer</a>

Legal

'Texas-Based Oil-and-Gas Company Phillips 66 Indicted for Alleged Violations of Clean Water Act Stemming from Wastewater Discharge' - CA Attorney

Reaffirms Revenue Recognition Impact of $4 to $6 million
Ending Cash Position of Approximately $56 Million as of September 30, 2024, Consistent with Internal Forecasts
Announces Remedial Actions and Organizational Changes, Including the Resignation of the Company's Chief Financial Officer
Hires Leading Business Advisory Firm, AlixPartners, to Provide Interim Finance and Accounting Resources
Evolv Technology ("Evolv" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the results of the internal investigation previously disclosed on October 25, 2024, into certain sales practices that impacted revenue recognition and other metrics.

Management

EVLV

Earlier Reported, Evolv Technology Announces The Results Of Its Internal Investigation; Reaffirms Revenue Recognition Impact Of $4M-$6M; Ending Cash Position Of ~$56M As Of September 30, 2024, Consistent With Internal Forecasts; Mark Donohue, The Company's CFO And Principal Financial Officer And Principal Accounting Officer, Has Resigned; Hires Leading Business Advisory Firm, AlixPartners, To Provide Interim Finance And Accounting Resources

WIIM

FLYE

Fly-E Group shares are trading lower after the company reported a year-over-year decrease in Q2 financial results.

Kyndryl shares are trading higher after the company's board authorized a $300 million share repurchase program.

Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) has expanded its collaboration with XPEL, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XPEL#NASDAQ">XPEL</a>) to offer a new customization program for its R1T and R1S electric vehicle owners<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42096490/xpel-and-rivian-expand-collaboration-with-new-ppf-and-window-film-program" rel="noreferrer noopener"> in the U.S. and Canada.</a>
The program, available through Rivian&#8217;s Gear Shop, allows owners to order XPEL&#8217;s Paint Protection Film (PPF) and Window Film products directly, with set pricing and easy installation booking through a local XPEL Certified Rivian Network Partner.
Rivian owners can now protect their vehicles with XPEL&#8217;s ULTIMATE PLUS Paint Protection Film, which guards against scratches, chips, and stains while offering a self-healing finish. The film also resists UV yellowing to maintain clarity.
Additionally, the PRIME Window Film provides added privacy, heat rejection, and UV protection, blocking 99% of harmful UV rays. Owners can choose from various window film tints, including PRIME CS, XR, and XR PLUS.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42113449/natural-gas-prices-spike-to-over-1-year-highs-oil-surges-to-70-as-russia-fires-intercontinental-ballistic-missile-to-ukraine" rel="noreferrer noopener">Natural Gas Prices Spike To Over 1-Year Highs, Oil Surges To $70 As Ukraine Says Intercontinental Ballistic Missile Fired By Russia</a>
This collaboration builds on Rivian&#8217;s previous partnership with XPEL, where the company offered full-body PPF on select models at the factory. The extended program aims to give owners greater protection and customization options, enhancing their Rivian ownership experience.
To participate, U.S. and Canadian customers can order and schedule installation via Rivian&#8217;s Gear Shop or XPEL&#8217;s website.
Price Action: RIVN shares are trading higher by 0.40% to $10.09 at last check Thursday.
Photo by Tada Images on Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42111748/super-micro-computer-stock-is-rallying-thursday-whats-going-on" target="_blank" rel="noreferrer noopener">Super Micro Computer Stock Is Rallying Thursday: What&#8217;s Going On?</a></li>
</ul>

RIVN

XPEL

Rivian Automotive Expands Collaboration With XPEL: Details

CRGO

Freightos shares are trading higher after the company announced the official launch of its integration with e2open.

Shares of Target Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) recovered slightly in early trading on Thursday, after tanking on the company's <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42106249/target-says-shoppers-wait-for-deals-a-day-after-rival-walmart-credits-market-gains-to-wealthy-households-tgt-edges-up-marginally-in-thursday-premarket">third-quarter earnings miss</a>.
<ul>
<li>JPMorgan <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/584847d9ee7bf6000154d225/christopher-horvers">analyst Christopher Horvers</a> maintained a Neutral rating, while slashing the price target from $167 to $139.</li>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58580bcbee7bf60001bcfa29/kate-mcshane">analyst Kate McShane</a> reiterated a Buy rating, while reducing the price target from $192 to $164.</li>
<li>Piper Sandler <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61d8398a2925770001ed33b1/alexia-dogani">analyst Alexia Morgan</a> reaffirmed a Neutral rating, while cutting the price target from $156 to $130.</li>
<li>KeyBanc Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59009b5a0bd9910001e5f2aa/bradley-thomas">analyst Bradley Thomas</a> maintained a Sector Weight rating on the stock. </li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
JPMorgan: Target's third-quarter comps of 0.3% came significantly below the consensus of 1.4%, "as weather, continued weakness in discretionary categories, and some share loss continue to weigh on discretionary spend," Horvers said in a note. Markdowns and promotions represented "the lion's share" of the company's third-quarter gross margin miss and is "the big driver of the implied drop in 4Q gross margins," he added.
"We believe TGT continues to face share issues of varying degrees across all categories, sans beauty, but the trend appears to be improving," the analyst wrote. The stock got battered after the earnings release and is likely to bounce bank, he further stated.
Goldman Sachs: Target's disappointing comps were due to a decline in ticket size, with consumers continuing to spend cautiously, "most notably in discretionary categories," McShane said. The company's beauty segment bucked the trend and delivered comps of more than 6%, while food &amp; beverage and essentials delivered low single-digit growth, she added.
Target's gross margin contracted by around 20 basis points to 27.2% and came in below consensus, the analyst stated. "We would note this was the most significant change for the quarter as 2Q gross margins were up ~190 bps," she further wrote.
Piper Sandler: "While part of the Q3 miss can be attributed to transitory factors surrounding supply chain costs and discretionary sales weakness (apparel, home, etc.), results also suggest some ongoing share loss," Morgan wrote in a note. The company's gross margin came in at 27.2%, significantly short of consensus of 28.5%, she added.
Target's performance hinges on a recovery in discretionary consumer spending and, once this happens, the company's fundamentals are likely to improve, the analyst stated. "However, we now have increased concerns with tariff dynamics and how they could impact supply chain and sourcing costs in 2025 &#8211; particularly considering today&#8217;s margin miss was partly from navigating port strikes," she further wrote.
KeyBanc Capital Markets: Target's third-quarter results missed expectations due to "slower sales and unexpected margin pressure," Thomas said. Lower ticket sizes weighed on comps, which came well below expectations, he added.
Given the disappointing third-quarter performance and soft expectations for the fourth quarter, management lowered their 2024 guidance for comps and earnings below consensus, the analyst stated. "Looking ahead, we see consumer headwinds, competitive pressures, and moderating margin opportunities as potentially limiting upside for shares," he further wrote.
Price Action: Shares of Target had declined by 0.62% to $122.51 at the time of publication on Thursday.
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/earnings-beats/24/11/42100904/target-plunges-21-while-williams-sonoma-soars-27-on-same-day">Target Plunges 21% While Williams-Sonoma Soars 27% On Same Day</a></li>
</ul>
Image: Shutterstock

Analyst Color

Price Target

Reiteration

Target Posts Q3 Earnings Miss: Analysts Slash Forecasts On Market Share Loss, Margin Concerns

CLIR

ClearSign Technologies shares are trading higher after the company reported better-than-expected Q3 financial results.

Comerica Bank Extends Services For Direct Express Program By Three Years To Ensure Smooth Transition To New Treasury-Selected Financial Agent, Serving 3.4M Cardholders Since 2008

BLZE

Backblaze shares are trading lower. The company announced it upsized its share offering by $5 million to $35 million.

TD Cowen analyst Shaul Eyal maintains Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a Buy and raises the price target from $400 to $420.

PANW

TD Cowen Maintains Buy on Palo Alto Networks, Raises Price Target to $420

AMZN

Amazon Likely To Be Investigated Under EU's Digital Markets Act Next Year; EU Antitrust Regulators Building Case For Amazon Investigation; Incoming EU Antitrust Chief Ribera To Decide On Timing, Whether To Go Ahead With Probe

Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) plans to invest over $200 million to expand advanced recycling operations at its Baytown <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b42109739/exxonmobil-to-expand-advanced-recycling-capacity" rel="noreferrer noopener">and Beaumont facilities in Texas</a>.
The expansions, set to begin in 2026, aim to boost recycling rates and reduce plastic waste in landfills.
The company also intends to add more units to achieve a global recycling capacity of 1 billion pounds annually by 2027.
ExxonMobil's investment will add 350 million pounds of advanced recycling capacity annually at its Baytown and Beaumont facilities, increasing its total capacity to 500 million pounds per year.
The company aims to develop additional projects across North America, Europe, and Asia, targeting 1 billion pounds of global recycling capacity by 2027.
This process complements traditional recycling by converting plastic waste into raw materials for products like fuels, lubricants, chemicals, and plastics, effectively addressing waste that mechanical recycling cannot process.
ExxonMobil&#8217;s first advanced recycling facility in Baytown, launched in 2022, is among the largest in North America, processing over 70 million pounds of plastic waste as of October 2024.
Karen McKee, president of ExxonMobil Product Solutions, said, &#8220;At our Baytown site, we&#8217;ve proven advanced recycling works at scale, which gives us confidence in our ambition to provide the capacity to process more than 1 billion pounds of plastic per year around the world.&#8221;
&#8220;The world&#8217;s plastic waste challenge will be solved with innovation, collaboration, and supportive government policy to improve waste management and circularity.&#8221;
Yesterday, the company inked a non-binding MOU for a multiyear agreement with&nbsp;LG Chem, a&nbsp;chemical company with a&nbsp;<a target="_blank" href="https://www.benzinga.com/news/contracts/24/11/42087743/exxon-mobils-lithium-leap-100000-metric-tons-to-fuel-lg-chems-us-plant" rel="noreferrer noopener">diversified business portfolio</a>.
ExxonMobil will supply up to 100,000 metric tons of lithium carbonate from its planned U.S. project to LG Chem's upcoming cathode plant in Tennessee, which is set to be the largest in the U.S.
Investors can gain exposure to XOM via&nbsp;EA Series Trust Strive U.S. Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRLL#NYSE">DRLL</a>) and&nbsp;Vanguard Energy Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VDE#NYSE">VDE</a>).
Price Action: XOM shares are up 1.63% at $122.28 at the last check Thursday.
Photo: Del Henderson Jr. via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42113855" target="_blank" rel="noreferrer noopener">Breaking New Ground In OLED: Applied Materials Unveils MAX OLED Solution For Bigger Displays</a></li>
</ul>

DRLL

ExxonMobil Plans $200 Million Expansion To Tackle Plastic Waste: Details

TD Cowen analyst J. Derrick Wood maintains GitLab (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) with a Buy and raises the price target from $63 to $70.

GTLB

TD Cowen Maintains Buy on GitLab, Raises Price Target to $70

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-21_08h52_20.png" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Nvidia Dips Aggressively Bought</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-nvidia-earnings-nvda-mc-11212024">click here</a> for an enlarged chart of NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Note the following:
<ul>
<li>This article is about the big picture, not an individual stock.&nbsp; The chart of NVDA stock is being used to illustrate the point. As full disclosure, NVDA is part of The Arora Report&#8217;s ZYX Buy Model Portfolio.</li>
<li>The chart shows the dip in NVDA stock has been aggressively bought.</li>
<li>The chart shows that NVDA stock dipped into the support zone after earnings.&nbsp; The buying in NVDA this morning has been extremely aggressive as illustrated by the fact that NVDA traded as high as $149.40 vs. the prior high of $149.77.</li>
<li>The chart shows the NVDA bounced from the support zone to the resistance zone.</li>
<li>As of this writing, NVDA stock is very volatile.</li>
<li>In The Arora Report analysis, a tell for the stock market will be to see if NVDA stock breaks out or retraces back to the support zone.</li>
<li>Nvidia reported earnings better than the consensus numbers, better than some whisper numbers, but less than the top end of the whisper numbers.</li>
<li>Overheating was a big concern going into earnings.&nbsp; It appears that most of the overheating issues have been resolved.&nbsp; Here are the key points from Nvidia earnings:
<ul>
<li>Nvidia CEO Jensen Huang said, "The age of AI is in full steam, propelling a global shift to Nvidia computing."</li>
<li>Blackwell demand is likely to exceed supply in FY26.</li>
<li>Hopper demand is also very strong.</li>
<li>Nvidia is working on the next data center architecture that will improve production yields.</li>
<li>Nvidia expects enterprise AI, industrial AI, and robotics to continue to increase.</li>
<li>Nvidia beat on revenue.
<ul>
<li>Data center revenue and automotive revenue hit records.</li>
<li>Gaming revenue increased 15% from last year.</li>
<li>Professional visualization revenue increased 17% from last year.</li>
</ul>
</li>
</ul>
</li>
<li>The fact that NVDA dips are being aggressively bought is helping the overall stock market.</li>
<li>Also helping the stock market this morning is Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) approaching $100K.</li>
<li>Sentiment is extremely positive.</li>
<li>Investors are buying stocks and cryptos with total abandon.&nbsp; If it was not for the positive seasonality and year end chase, this kind of reckless buying would have resulted in increasing the protection band because extreme positive sentiment is historically a sell signal.&nbsp; However, The Arora Report call remains to buy the dips because the year end chase is likely to trump all other factors.&nbsp; In year end chase, even bearish money managers aggressively buy stocks to keep up with their benchmarks.</li>
<li>Initial jobless claims came at 213K vs. 221K consensus.&nbsp; This indicates that the job market is very strong.&nbsp; This is another data point that shows that the Fed should not have been cutting interest rates as aggressively as it did. In the short term, the Fed's actions have poured gasoline over the fire to aggressively buy stocks and cryptos.</li>
</ul>
<h3 class="wp-block-heading">First ICBM Fired</h3>
The first operational intercontinental ballistic missile (ICBM) was developed by Russia in 1957, followed by development by the U.S. in 1959.&nbsp; To the best of our knowledge, Russia has fired the first ICBM in battle since its invention.&nbsp; This is Russia's response to Ukraine firing U.S. and British long range missiles on Russian territory.
In The Arora Report analysis, both Russia and Ukraine are escalating the conflict to gain an advantage before Trump stops the war.&nbsp; These developments have major implications for investors.&nbsp;
<h3 class="wp-block-heading">Problem For India</h3>
Gautam Adani is the most important industrialist in India.&nbsp; He is also very closely allied with India&#8217;s Prime Minister Modi.&nbsp; The U.S. Department of Justice has just indicted Adani for bribes in solar contracts.
The Indian stock market has fallen on the news.  In The Arora Report analysis, some foreign money is going to flow out of India on this development.  The Arora Report call has been to steadily take partial profits on India positions Fairfax India Holdings Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FFXDF#OTC">FFXDF</a>), WisdomTree India Earnings Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EPI#NYSE">EPI</a>), iShares MSCI India Small-Cap ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/SMIN#BATS">SMIN</a>), and VanEck India Growth Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLIN#NYSE">GLIN</a>).  The Arora Report&#8217;s call yesterday evening was to take more partial profits on India positions.
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and NVDA.
In the early trade, money flows are neutral in Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are negative in Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>).
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin is approaching $100K.
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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

Cryptocurrency

Market Summary

$BTC

AAPL

FFXDF

GLIN

GOOG

MSFT

NVDA

SMIN

TSLA

Nvidia Aggressively Bought, Russia Fires First Intercontinental Ballistic Missile, Adani Indicted

Evercore ISI Group analyst Oliver Wintermantel maintains Williams-Sonoma (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WSM#NYSE">WSM</a>) with a In-Line and raises the price target from $140 to $180.

Evercore ISI Group Maintains In-Line on Williams-Sonoma, Raises Price Target to $180

Contracts

Watching Comerica; Shares Move Lower, Bank Of NY To Manage U.S. Department Of The Treasury's Prepaid Debit Card Program For Federal Benefits, Which The Company Used To Hold

Kyndryl Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KD#NYSE">KD</a>) is boosting investor confidence with <a href="https://www.benzinga.com/quote/KD/news">the announcement of</a> its first-ever share repurchase program, worth $300 million.
The International Business Machines Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) spin-off is using the buyback to return capital to shareholders, signaling its belief in sustainable growth despite a competitive market.
<h3 class="wp-block-heading">Share Repurchase Reflects Management's Confidence</h3>
The new repurchase program comes as Kyndryl sees significant progress in both its financials and operational transformation. CEO Martin Schroeter emphasized that the buyback underscores Kyndryl's success in expanding its margins and generating free cash flow. The program allows the company to strengthen its capital structure while remaining flexible for future strategic moves.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40755363/pair-trade-alert-long-kd-short-dxc-says-jpmorgan-heres-why">Pair Trade Alert: &#8216;Long KD Short DXC&#8217; Says JPMorgan, Here&#8217;s Why</a>
<h3 class="wp-block-heading">KD Stock Performance Shows Strength</h3>
Kyndryl's stock has demonstrated impressive momentum over the past year. Up 87% in 2023 and almost 40% year-to-date in 2024, the company has significantly outpaced market expectations. 
This growth comes despite broader industry challenges, with Kyndryl's mission-critical IT services gaining traction, especially in cybersecurity and AI-driven solutions.
The technical indicators for Kyndryl stock also align with this growth, providing strong bullish signals for investors.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112124&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21100103/Screenshot-2024-11-21-at-8.30.51-PM.png" alt="" class="wp-image-659037" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21100103/Screenshot-2024-11-21-at-8.30.51-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/21100103/Screenshot-2024-11-21-at-8.30.51-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112124&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
KD stock, at $30.44, trades above its five, 20 and 50-day exponential moving averages, a strong sign of upward momentum. The eight-day simple moving average (SMA) of $28.51 suggests a bullish signal for the short-term, as does the 20-day SMA of $26.16. The stock's 50-day SMA of $24.74 further supports this, reinforcing that Kyndryl is on a bullish path even over the medium term.
The Moving Average Convergence Divergence (MACD) indicator stands at 1.36, further suggesting that Kyndryl's stock momentum is bullish. 
However, with a Relative Strength Index (RSI) of 79.50, the stock is in the overbought territory, which means that momentum has peaked and investors could expect a reversal from here.
<h3 class="wp-block-heading">The Road Ahead: A Focus On Sustainable Growth</h3>
With over three years as a public company, Kyndryl is entering a new phase of revenue growth and profitability. The $300 million share buyback reflects the company's ongoing transformation and its ability to thrive amid industry challenges. 
For investors, Kyndryl's strong stock performance, backed by positive technical indicators, signals confidence, but caution is advised due to the current overbought conditions.
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