Latest news for ADS Maritime Holding (OTC:ADCUF) Stock

ADS Maritime Holding PLC is a shipping investment company. Its investing philosophy focuses on counter-cyclical investments. The company's main source of income is dividend received from investments.

ADS MARITIME HLDG PLC by ADS MARITIME HLDG PLC

ADS Maritime Holding PLC

State Street Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) reported better-than-expected second-quarter <a href="https://www.benzinga.com/news/earnings/24/07/39795949/state-streets-financial-fortitude-q2-earnings-beat-with-soaring-management-fees-and-asset-growth">results on Tuesday</a>.
The company posted quarterly revenues of $3.191 billion, an increase of 2.6% year over year and beating the consensus of $3.146 billion. EPS of $2.15 topped the consensus estimate of $2.03, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Net interest income increased 6% year-over-year to $735 million, primarily due to higher investment securities yields and loan growth, partially offset by a shift in deposit mix. Investment Management AUM increased 16% Y/Y to $4.4 trillion as of quarter-end, primarily due to higher quarter-end market levels.
"Productivity improvement remains a fundamental component of our strategic agenda. In 2Q, we completed the consolidation of our final operations joint venture in India, which will further enable the transformation of our operating model, unlock efficiency savings, and improve client experience," commented Ron O'Hanley, Chairman and Chief Executive Officer.
State Street shares fell 0.4% to trade at $84.50 on Wednesday.
These analysts made changes to their price targets on State Street after the company released quarterly results.
<ul>
<li>B of A Securities analyst Ebrahim Poonawala maintained State Street with an Underperform rating and raised the price target from $85 to $96.</li>
<li>RBC Capital analyst Gerard Cassidy maintained the stock with a Sector Perform rating, while increasing the price target from $85 to $91.</li>
<li>Evercore ISI Group analyst Glenn Schorr maintained State Street with an Outperform rating, while raising the price target from $88 to $91.</li>
<li>Deutsche Bank analyst Brian Bedell maintained the stock with a Hold rating and boosted the price target from $75 to $80.</li>
<li>Barclays analyst Jason Goldberg maintained State Street with an Overweight rating and raised the price target from $102 to $103.</li>
<li>Goldman Sachs analyst Alexander Blostein maintained the stock with a Buy rating, while increasing the price target from $89 to $98.</li>
<li>Morgan Stanley analyst Connor Lynagh maintained State Street with an Equal-Weight rating, while raising the price target from $90 to $93.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39815137/top-3-industrials-stocks-that-could-sink-your-portfolio-this-month">Top 3 Industrials Stocks That Could Sink Your Portfolio This Month</a></li>
</ul>

Earnings

News

Price Target

Markets

Analyst Ratings

Trading Ideas

State Street Analysts Increase Their Forecasts After Strong Earnings

B of A Securities analyst Sara Senatore maintains Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Buy and lowers the price target from $78 to $69.

PZZA

B of A Securities Maintains Buy on Papa John's International, Lowers Price Target to $69

GNRC

Generac Awarded Up To $200M Grant For Solar/Battery Storage Installations In Low-Income Puerto Rican Communities; Installations Begin August 2024 Under DOE's Programa Acceso Solar

EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) has outperformed the market over the past 15 years by 8.43% on an annualized basis producing an average annual return of 20.74%. Currently, EMCOR Group has a market capitalization of $17.42 billion. 
Buying $1000 In EME: If an investor had bought $1000 of EME stock 15 years ago, it would be worth $17,687.02 today based on a price of $370.72 for EME at the time of writing.
<h3>EMCOR Group's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721237423_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 15 Years Ago Would Be Worth $18,000 Today

HubSpot's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) short percent of float has risen 36.3% since its last report. The company recently reported that it has 974 thousand shares sold short, which is 1.99% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.21 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>HubSpot Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721237421_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for HubSpot has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing HubSpot's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, HubSpot's peer group average for short interest as a percentage of float is 3.82%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

HUBS

How Is The Market Feeling About HubSpot?

Zscaler (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NASDAQ">ZS</a>) has outperformed the market over the past 5 years by 5.14% on an annualized basis producing an average annual return of 18.31%. Currently, Zscaler has a market capitalization of $29.43 billion. 
Buying $100 In ZS: If an investor had bought $100 of ZS stock 5 years ago, it would be worth $231.77 today based on a price of $194.69 for ZS at the time of writing.
<h3>Zscaler's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721237418_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In This Stock 5 Years Ago Would Be Worth $200 Today

Zoetis's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>) short percent of float has fallen 9.27% since its last report. The company recently reported that it has 6.25 million shares sold short, which is 1.37% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.1 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Zoetis Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721237415_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Zoetis has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Zoetis's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Zoetis's peer group average for short interest as a percentage of float is 6.35%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Zoetis?

KKR's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) short percent of float has risen 193.16% since its last report. The company recently reported that it has 23.15 million shares sold short, which is 3.43% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.03 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>KKR Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721237410_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for KKR has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing KKR's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, KKR's peer group average for short interest as a percentage of float is 3.00%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About KKR?

B of A Securities analyst Sara Senatore maintains Portillos (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PTLO#NASDAQ">PTLO</a>) with a Buy and lowers the price target from $20 to $17.

PTLO

B of A Securities Maintains Buy on Portillos, Lowers Price Target to $17

WIIM

Digital Realty Trust shares are trading lower. The data center stock may be down amid weakness in the semiconductor sector.

Shares of ASLAN Pharmaceuticals Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASLN#NASDAQ">ASLN</a>) fell sharply during Wednesday's session after the company announced that its Singapore-incorporated, sole operating subsidiary has filed for <a href="https://www.benzinga.com/quote/ASLN/news">voluntary liquidation</a>.
ASLAN Pharmaceuticals shares dipped 38.7% to $0.68 on Wednesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Aptevo Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APVO#NASDAQ">APVO</a>) shares climbed 84% to $0.6073 after surging around 10% on Tuesday. Aptevo Therapeutics recently announced closing of $2.75 million offering.</li>
<li>Shimmick Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) shares climbed 49% to $3.0173 after the company received a $27.6 million subcontract for the Sunol Valley Water Treatment Plant Ozonation Project.</li>
<li>Aditxt, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTX#NASDAQ">ADTX</a>) shares climbed 45.3% to $2.3107. Aditxt and Evofem amended merger agreement.</li>
<li>Locafy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCFY#NASDAQ">LCFY</a>) gained 31.2% to $7.15.</li>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) jumped 27.2% to $1.3505.</li>
<li>Alpha Teknova, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TKNO#NASDAQ">TKNO</a>) gained 18% to $1.60. Alpha Teknova 10% owner Telegraph Hill Partners Management Company, LLC bought a total of 12,096,773 shares at an average price of $1.24.</li>
<li>Asset Entities Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares climbed 17% to $1.8350.</li>
<li>Meiwu Technology Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNW#NASDAQ">WNW</a>) gained 17% to $1.0650</li>
<li>Aehr Test Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) gained 16.4% to $19.60 after the company reported better-than-expected Q4 financial results and issued FY25 revenue guidance above estimates. Also, the company announced it entered into a stock purchase agreement and made $12.7 million in orders for its FOX WaferPak full wafer Contractors.</li>
<li>Allarity Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLR#NASDAQ">ALLR</a>) rose 14.5% to $0.2330. Allarity Therapeutics, last month, announced that it received notice from the NASDAQ Stock Market that it was granted a hearing.</li>
<li>ClearSign Technologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLIR#NASDAQ">CLIR</a>) gained 14.4% to $0.9499 as the company received initial order from Birwelco.</li>
<li>The Honest Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNST#NASDAQ">HNST</a>) gained 14% to $4.0350.</li>
<li>GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) climbed 12.7% to $61.36.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) rose 9.4% to $16.50 after the company announced a strategic partnership with CoreWeave.</li>
<li>fuboTV Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) climbed 9.1% to $1.5610</li>
<li>GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) gained 8.4% to $54.92 following a report suggesting the company is exploring a sale.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) rose 8% to $16.27 after the company announced a strategic partnership with CoreWeave.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) gained 7.8% to $15.35 after the company announced it entered into a Stock and Asset Purchase Agreement to sell its Supreme brand to EssilorLuxottica for $1.5 billion in cash.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Cassava Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAVA#NASDAQ">SAVA</a>) fell 29.8% to $9.51 after announcing changes in executive leadership. The company named Rick Barry as Executive Chairman and Principal Executive Office and said Remi Barbier resigned as President, CEO, and Board Member.</li>
<li>4D Molecular Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDMT#NASDAQ">FDMT</a>) declined 20.9% to $21.16. 4DMT announced Phase 2 PRISM interim results for intravitreal 4D-150 in a broad wet AMD population affirming favorable safety profile and robust clinical activity.</li>
<li>Five Below, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) shares dipped 19.7% to $81.93 after the company announced a CEO transition. Additionally, comparable sales decreased in the 10-week period ended July 13.</li>
<li>Sonim Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SONM#NASDAQ">SONM</a>) fell 18.2% to $0.4138.</li>
<li>Adverum Biotechnologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADVM#NASDAQ">ADVM</a>) dipped 16.3% to $7.46. Adverum Biotechnologies revealed 26-week interim analysis results of Ixo-vec from LUNA Phase 2 trial at 2024 ASRS Annual Meeting.</li>
<li>Structure Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPCR#NASDAQ">GPCR</a>) fell 16.2% to $37.44.</li>
<li>Cyclerion Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCN#NASDAQ">CYCN</a>) fell 13.7% to $2.50.</li>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) dipped 11.8% to $4.68.</li>
<li>Luminar Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAZR#NASDAQ">LAZR</a>) fell 11.7% to $1.8974.</li>
<li>Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>) dipped 10.8% to $50.89.</li>
<li>Onto Innovation Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) fell 10% to $214.17. Onto Innovation announced Dr. Stephen Schwartz has joined its board of directors.</li>
<li>ASML Holding N.V.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) shares declined 9.8% to $963.01. ASML reported better-than-expected second-quarter earnings, driven by robust sales in China and a surge in new bookings.</li>
<li>Aurora Innovation, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) fell 9.5% to $4.46.</li>
<li>Nova Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVMI#NASDAQ">NVMI</a>) declined 9.2% to $219.39.</li>
<li>Eightco Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCTO#NASDAQ">OCTO</a>) shares fell 9% to $0.48. Eightco Holdings recently said first-quarter revenue fell to $9.6 million from $15.9 million in the year-ago period.</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) dipped 8.8% to $30.87.</li>
<li>Siebert Financial Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIEB#NASDAQ">SIEB</a>) fell 8.5% to $1.7381 after gaining over 9% on Tuesday.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares declined 8.4% to $2.8950 as the company issued soft second-quarter preliminary revenue estimates. The company estimated total revenue for the second quarter of 2024 to be approximately $1.28 billion, lower than previously expected primarily due to lower-than-expected non-ticket revenue.</li>
<li>Virpax Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRPX#NASDAQ">VRPX</a>) shares fell 8.1% to $1.3890 after jumping 41% on Tuesday.</li>
<li>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) dipped 8% to $163.01.</li>
<li>Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) fell 7.4% to $33.66.</li>
<li>NaaS Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NAAS#NASDAQ">NAAS</a>) fell 7.3% to $4.32.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) declined 7.1% to $175.56.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) shares dipped 7.1% to $0.38.</li>
<li>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) fell 7% to $163.74 after the company reported worse-than-expected second-quarter financial results.</li>
<li>QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) fell 6.5% to $195.94 after HSBC downgraded the stock from Buy to Hold.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) fell 6.3% to $15.11 after Donald Trump made comments in support of TikTok.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 5.2% to $119.82. Shares of semiconductor stocks traded lower amid reports Biden is considering further China restrictions.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39814468/alphabet-crowdstrike-and-2-other-stocks-insiders-are-selling">Alphabet, CrowdStrike And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Intraday Update

Movers

ADTX

ADVM

AEHR

ALLR

AMIX

APVO

ASLN

ASML

ASST

CLIR

CRDO

CYCN

FDMT

FIVE

FUBO

GPCR

GTLB

HNST

JBHT

LAZR

LCFY

NAAS

NVDA

NVMI

OCTO

ONTO

QCOM

SAVA

SAVE

SCNI

SHIM

SIEB

SMTC

SNAP

SONM

TKNO

VKTX

VRPX

Why ASLAN Pharmaceuticals Shares Are Trading Lower By Over 38%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session

RBC Capital analyst Gerard Cassidy reiterated a <a target="_blank" href="https://www.benzinga.com/quote/STT/analyst-ratings" rel="noreferrer noopener">Sector Perform </a>rating on the shares of State Street Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) and raised the price target from $85 to $91.
STT reported 2Q24 EPS of <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39795949/state-streets-financial-fortitude-q2-earnings-beat-with-soaring-management-fees-and-asset-growth" rel="noreferrer noopener">$2.15 versus the analyst&#8217;s $2.05 estimate.</a>
The quarter&#8217;s strength was attributed to better-than-expected net interest income and fee revenues, partially offset by higher-than-expected noninterest expense, noted the analyst.
Net interest income (FTE) was $736 million versus the prior quarter of $717 million and the year-ago quarter of $691 million.
The company&#8217;s tangible book value (TBV) per share increased 1.6% to $45.25 from $44.56 in the prior quarter and increased 4.8% from $43.18 in the year-ago period, noted the analyst.
According to the analyst, core return on average assets (ROAA) of 0.86% increased from the prior quarter of 0.70%. Core return on average common equity (ROACE) of 11.9% increased from 9.5% in the prior quarter.
The correlation between price-to-book and price-to-tangible book value per share and ROE and ROTCE is very high and it behooves a management team to focus on long-term profitably as measured by these metrics, said the analyst.
STT continues to win new mandates for its products and services and in the past 12 months it has had over $330 million in servicing fee wins.
STT&#8217;s strong capital levels lead the analyst to consider its combined payout ratio should be ~100% for 2024 and 2025.
If the Federal Reserve cuts interest rates, the analyst expects STT to see an immediate impact to its net interest income, driven by repricing.
STT appears well positioned for the next 12 months with a strong pipeline of new business and the potential for meaningful stock buybacks, concluded the analyst.
Price Action: STT shares are trading lower by 0.39% at $84.49 at last check Wednesday.
Photo by Steve Smith via Flickr

Analyst Color

Equities

Reiteration

General

State Street Is Riding The Wave Of Favorable Market Conditions, Analyst Says

SDST

Stardust Power Shares Halted On Circuit Breaker To The Upside, Stock Now Up 111.2%

A recent study published in the <a href="https://www.ajgponline.org/article/S1064-7481(24)00336-1/fulltext">American Journal of Geriatric Psychiatry</a> offers new perspectives on the impact of psychedelic retreats on older adults. The research reveals that, despite experiencing less intense immediate effects of psychedelics compared to younger participants, seniors reported similar improvements in well-being after attending the retreats.
<h3 class="wp-block-heading">Promising Potential of Psychedelics</h3>
<a href="https://www.benzinga.com/markets/cannabis/22/12/30109232/how-certain-psychedelics-produce-brain-and-behavior-changes-ucl-leads-new-study">Psychedelics</a>, such as psilocybin, LSD, and DMT have shown promise in treating the symptoms of various disorders. These substances induce an altered state of consciousness, which <a href="https://www.benzinga.com/markets/cannabis/21/05/20978061/how-psychedelics-without-hallucinogenic-effects-could-revolutionize-psychiatry">has been linked to therapeutic outcomes</a>. However, <a href="https://www.benzinga.com/markets/cannabis/23/06/32655632/is-it-safe-for-older-people-to-take-psychedelics-heres-what-the-research-says">very few studies have been conducted in this age group</a>, as older adults have been largely excluded from psychedelics research, leaving the safety and efficacy of these treatments for them uncertain.
&#8220;Psychedelic substances have seen a resurging interest, primarily due to their fast and sustained positive effects on well-being among diverse clinical populations,&#8221; said Lorenzo Pasquini, co-author and assistant professor of neurology at the UCSF Weill Institute for Neurosciences. He highlighted the need for targeted research, noting the widespread and difficult-to-treat changes in older adults.
Hannes Kettner, a PhD candidate at the Imperial College London Centre for Psychedelic Research also emphasized the importance of understanding different responses to psychedelics. &#8220;Older adults constitute a population that has an unmet need for better neuropsychiatric treatment options, while usually not being included in psychedelic studies.&#8221; 
<h3 class="wp-block-heading">Study Methodology And Findings</h3>
Using a prospective cohort design study, researchers looked at 62 people over 60 and 62 under who attended retreats or guided group sessions. Participants completed surveys at multiple points, from before the session to six months after.
Compared to the results observed in younger adults, researchers found that older adults experienced significant improvements in their mental well-being after participating in the retreats, which typically included substances such as psilocybin, LSD, ayahuasca and mescaline.
<h3 class="wp-block-heading">&#8216;Communitas&#8217; &#8211; A Key Predictor</h3>
A striking finding was that these improvements in seniors were not directly related to the acute effects of the psychedelics themselves. Unlike the young people, for whom the intensity of the psychedelic experience played a key role, the sense of &#8220;communitas,&#8221; or togetherness and shared joy during group activities emerged as a significant predictor of improvement in those over 60.
&#8220;Older adults had significantly less intense acute psychedelic effects – subjective experiences such as ego-dissolution or emotional breakthroughs were up to 50% lower in those aged 60+, but this seemingly didn't affect the observed improvements in well-being,&#8221; Kettner explained.
<h3 class="wp-block-heading">Addressing Mental Health Needs</h3>
The study also found that well-being improvements in seniors were more pronounced in those with a history of psychiatric diagnoses, suggesting that older adults with pre-existing mental health conditions may derive substantial therapeutic benefits from participating in these retreats.
Despite the promising results, researchers noted several limitations, including the observational nature of the study and potential biases due to participant drop-out rates and the demographic makeup of the sample. Pasquini emphasized the need for placebo-controlled randomized trials to further understand the potential benefits of psychedelics for people over 60.
&#8220;My long-term goal is to implement psychedelic-based interventions in older adults,&#8221; Pasquini explained. &#8220;Following these observational findings, more rigorous trials are needed to understand whether psychedelics can have beneficial effects on well-being or even disease-modifying properties in healthy and clinical populations of older adults.&#8221;
Kettner added, &#8220;As more people gain access to psychedelics, it will be crucial to understand their risks, benefits, and underlying mechanisms across different populations and settings.&#8221;
The study, &#8220;Effects of Psychedelics in Older Adults: A Prospective Cohort Study,&#8221; was authored by Hannes Kettner, Leor Roseman, Adam Gazzaley, Robin L. Carhart-Harris, and Lorenzo Pasquini.

Cannabis

Psychedelics

Research Shows Psychedelic Retreats Benefit Older Adults Despite Achieving Milder Effects

Johnson & Johnson shares are trading higher following better-than-expected Q2 financial results.

UnitedHealth shares are trading higher after Jefferies upgraded the stock from Hold to Buy. Multiple other analysts raised their price targets on the stock following the company's Tuesday earnings report.

Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/39801252/bofa-manages-to-keep-expenses-in-check-by-going-digital-now-the-bank-is-using-ai-to-take-it-to-anot">second-quarter results on Tuesday</a>.
The company posted second-quarter fiscal 2024 net income of $6.9 billion and EPS of 83 cents, beating the analyst consensus estimate of 80 cents, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Revenue, net of interest expense, increased 0.8% year-over-year to $25.54 billion, beating the analyst consensus estimate of $25.22 billion.
The net interest income was $13.7 billion (-3.0% Y/Y), as higher deposit costs more than offset higher asset yields and modest loan growth. Noninterest income was $11.7 billion (+6.0% Y/Y). Provision for credit losses was $1.5 billion, compared to $1.1 billion a year ago.
CFO Alastair Borthwick said, &#8220;We announced plans for an eight percent increase in our quarterly common stock dividend, to 26 cents per share, pending Board approval.&#8221;
Bank of America said it sees net interest income of ~$14.50 billion in the fourth quarter. It assumes a 25 bps interest rate cut.
Bank of America shares fell 0.4% to trade at $43.96 on Wednesday.
These analysts made changes to their price targets on Bank of America after the company released quarterly results.
<ul>
<li>RBC Capital analyst Gerard Cassidy maintained Bank of America with an Outperform rating and raised the price target from $39 to $46.</li>
<li>Keefe, Bruyette &amp; Woods analyst David Konrad reiterated the stock with an Outperform rating, while increasing the price target from $46 to $48.</li>
<li>Evercore ISI Group analyst Glenn Schorr maintained Bank of America with an Outperform rating, while raising the price target from $43 to $46.</li>
<li>Barclays analyst Jason Goldberg maintained the stock with an Overweight rating and boosted the price target from $43 to $49.</li>
<li>Morgan Stanley analyst Betsy Graseck maintained Bank of America with an Overweight rating and raised the price target from $44 to $46.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39817181/alcoa-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Alcoa Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>

These Analysts Boost Their Forecasts On Bank of America Following Better-Than-Expected Earnings

Alphabet Inc's Google (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) are reportedly providing Chinese companies access to Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a target="_blank" href="https://www.benzinga.com/topic/artificial-intelligence" rel="noreferrer noopener">AI chips through data</a> centers outside China, <a target="_blank" href="https://www.theinformation.com/articles/google-microsoft-help-chinese-firms-skirt-ban-on-nvidia-chips" rel="noreferrer noopener">The Information</a> reports.
The move comes as the current Biden administration imposes restrictions to prevent Chinese firms from utilizing U.S. technology for artificial intelligence, particularly advanced semiconductors.
The U.S. has informed allies that it is considering the strictest trade measures available if crucial chipmaking machinery providers continue with their <a target="_blank" href="https://www.benzinga.com/government/24/07/39810709/whats-going-on-with-alibaba-and-peer-chinese-stocks-on-wednesday" rel="noreferrer noopener">business relations with China</a>.
The Biden administration has asked cloud companies to scrutinize whether foreign entities are using U.S. data centers to train AI models.
According to the report, Microsoft provides server rental services, including those equipped with Nvidia's A100 and H100 chips, to Chinese customers through data centers located outside China.
Similarly, Google allows Chinese customers to use servers based outside mainland China and ensures that its services comply with U.S. export controls.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39795029/googles-potential-23b-wiz-acquisition-set-to-enhance-cloud-security" rel="noreferrer noopener">Google's Potential $23B Wiz Acquisition Set To Enhance Cloud Security</a>
Before U.S. export controls, China accounted for more than a quarter of <a target="_blank" href="https://www.benzinga.com/government/24/07/39646273/is-nvidia-defying-us-export-controls-whats-going-on" rel="noreferrer noopener">Nvidia's total revenues</a>.
It is to be noted that despite the severe trade curbs, Nvidia is on track to sell $12 billion of artificial intelligence chips in China this year.
It is also reported that Nvidia's advanced AI chips are smuggled into <a target="_blank" href="https://www.benzinga.com/government/24/07/39616102/despite-restrictions-nvidia-chips-are-still-reaching-china-wsj" rel="noreferrer noopener">China despite U.S. export restrictions</a>.
An estimate suggests about 12,500 AI chips are smuggled annually, while Nvidia sold over 2.6 million A100 and H100 chips globally last year.
Google and Microsoft maintain that their operations adhere to current U.S. regulations, providing Chinese companies with essential AI capabilities while navigating the complexities of international trade restrictions.
Price Action: GOOGL shares are trading lower by 1.63% at $180.93 at the last check on Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39797260/amazon-faces-ftc-inquiry-over-ai-talent-acquisition-from-adept" target="_blank" rel="noreferrer noopener">Amazon Faces FTC Inquiry Over AI Talent Acquisition From Adept</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Tech

GOOGL

MSFT

Google And Microsoft Provide Nvidia Chip Access To Chinese Firms Despite U.S. Restrictions: Report

The 2024 Emmy Award nominations were announced Wednesday with "The Bear" and "Shogun" among the shows with the most nominations. The nominated shows and limited series showed strength once again<a href="https://www.benzinga.com/topic/streaming-stocks"> for streaming platforms.</a>
What Happened: With<a href="https://widgets.benzinga.com/general/entertainment/24/01/36631639/75th-primetime-emmys-no-spoilers-here-but-succession-leads-nominations"> recent award-winners</a> &#8220;Ted Lasso&#8221; and &#8220;Succession&#8221; no longer in contention following the end of their series, the 2024 Emmy nominations feature several new contenders.
"Shogun," led the way with 25 nominations. The historical drama premiered in February on FX and FX on Hulu, both owned by Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).
"The Bear," which also airs on FX and FX on Hulu, led the way with 23 nominations for its second season. The series broke an Emmy record as the most nominated comedy series in a single year, beating "30 Rock's" 22 nominations in 2009, as <a href="https://deadline.com/2024/07/emmy-nominations-2024-1236012073/">reported </a>by Deadline.
"Only Murders in the Building" from Hulu had 21 nominations.
"Baby Reindeer" from Netflix received 11 nominations as one of the most nominated series. Netflix also got nominations for "The Crown," "3 Body Problem" and even Tom Brady earned a nomination for <a href="https://www.benzinga.com/general/entertainment/24/04/38413496/tom-brady-to-be-roasted-in-live-netflix-special-nfl-goat-becomes-groat-in-streaming-giants-">the Netflix special</a> "The Greatest Roast of All Time."
Outside of Disney and Netflix, other big winners in nominees were "True Detective: Night Country at 19. The series is on Max, a unit of Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>).
Video game adapted drama "Fallout" from Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) owned Prime Video received 11 nominations.
Here are the nominations for Best Drama and their associated company and stock if applicable.
<ul>
<li>"The Crown": Netflix</li>
<li>"Fallout": Amazon Prime Video</li>
<li>"The Gilded Age": Max</li>
<li>"The Morning Show": AppleTV+ from Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</li>
<li>"Mr. and Mrs. Smith": Prime Video</li>
<li>"Shogun": FX</li>
<li>"Slow Horses": AppleTV+</li>
<li>"3 Body Problem": Netflix </li>
</ul>
The nominations for Best Comedy are:
<ul>
<li>"Abbott Elementary": ABC, Disney</li>
<li>"The Bear": FX</li>
<li>"Curb Your Enthusiasm": Max</li>
<li>"Hacks": Max</li>
<li>"Only Murders in the Building": Hulu</li>
<li>"Palm Royale": AppleTV+</li>
<li>"Reservation Dogs": FX</li>
<li>"What We Do in the Shadows": FX </li>
</ul>
These are the nominees for Limited Series or Anthology Series:
<ul>
<li>"Baby Reindeer": Netflix</li>
<li>"Fargo": FX</li>
<li>"Lessons in Chemistry": AppleTV+</li>
<li>"Ripley": Netflix</li>
<li>"True Detective: Night Country": Max </li>
</ul>
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38651122/tom-brady-roasted-for-cryptocurrency-investment-in-netflix-special-tom-how-did-you-fall-fo">Tom Brady Roasted For Cryptocurrency Investment In Netflix Special: &#8216;Tom, How Did You Fall For That? Even Gronk Was Like—Me Know That&#8217;s Not Real Money&#8217;</a>
Why It's Important: Disney and Netflix could be the big winners with several of their hit series among the most nominated and recognizable names on the list.
Even without "Ted Lasso" to help power things, AppleTV+ scored several nominations from "The Morning Show" and other less recognizable shows. Jennifer Aniston and Reese Witherspoon both received acting nods for "The Morning Show."
"The Bear" won 10 Emmy Awards in the 2023 ceremony as the most awarded show.
HBO and Max received 31 wins in the 2023 award show, but without "Succession" this year, the total will likely be lower.
The 76th Emmy Awards air live on Sunday, Sept. 15 from 8 p.m. ET to 11 p.m. ET on ABC. A host for the award show has not been named to date.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/entertainment/24/06/39220131/netflix-faces-massive-170m-defamation-lawsuit-over-baby-reindeer-character">Netflix Faces Massive $170M Defamation Lawsuit Over &#8216;Baby Reindeer&#8217; Character</a></li>
</ul>
Photo: Courtesy Hulu

Entertainment

Media

AAPL

AMZN

NFLX

Emmy Award Nominees: 'The Bear' Breaks Records, 'Shogun,' 'Baby Reindeer' Among Most Nominated, Tom Brady Picks Up Nod For Roast

Investors with a lot of money to spend have taken a bullish stance on Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</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 CCJ, 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 Cameco.
This isn't normal.
The overall sentiment of these big-money traders is split between 53% bullish and 23%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $982,113, and 9 are calls, for a total amount of $734,557.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $33.0 and $60.0 for Cameco, 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 Cameco's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Cameco's significant trades, within a strike price range of $33.0 to $60.0, over the past month.
<h3>Cameco Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721236544_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$9.35</td>
<td>$9.25</td>
<td>$9.35</td>
<td>$50.00</td>
<td>$675.4K</td>
<td>129</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$11.3</td>
<td>$11.0</td>
<td>$11.27</td>
<td>$50.00</td>
<td>$437.9K</td>
<td>1.1K</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$2.25</td>
<td>$2.19</td>
<td>$2.19</td>
<td>$41.00</td>
<td>$224.4K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$2.33</td>
<td>$2.12</td>
<td>$2.12</td>
<td>$48.00</td>
<td>$64.5K</td>
<td>2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.92</td>
<td>$2.89</td>
<td>$2.92</td>
<td>$50.00</td>
<td>$58.2K</td>
<td>4.5K</td>
<td style="text-align: right;">171</td>
</tr>
</tbody>
</table>

<h3>About Cameco</h3>
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.
Having examined the options trading patterns of Cameco, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Cameco</h3>
<ul>
<li>With a trading volume of 4,556,616, the price of CCJ is down by -7.92%, reaching $47.3.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 14 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Cameco</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $60.5.
<ul>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Cameco, which currently sits at a price target of $60. </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 Cameco, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Unpacking the Latest Options Trading Trends in Cameco

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