Direxion Daily AMZN Bull 2X Shares (NASDAQ: AMZU)

Latest news for Direxion Daily AMZN Bull 2X Shares (NASDAQ:AMZU)

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Direxion is a financial services firm known for its range of leveraged and inverse ETFs. These ETFs provide exposure to various market sectors, including technology, real estate, and commodities. Direxion's ETFs are designed for traders and investors looking to capitalize on market trends, volatility spikes, and news events.

Direxion

The Fund, under normal circumstances, invests at least 80 percent of its net assets (plus any borrowings for investment purposes) in the securities of AMZN and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to AMZN, consistent with the Funds investment objective. The financial instrument in which the Fund most commonly invests is swap agreements which are intended to produce economically leveraged investment results.

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Amazon.Com Inc

Direxion Daily AMZN Bull 1.5X Shares

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Merrill Lynch Retail HOLDRS Trust due 12/31/41

iShares Trust Barclays 20+ Year Treasury Bond Fund

Markets react to June PPI rising 0.2% MoM, exceeding forecasts. Annual surge in headline number and core PPI also beat expectations.

Stocks Show Mixed Reactions To June Producer Inflation Data

Screenshot 2024-03-25 at 11.12.17 PM

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Tesla Bear? Nvidia Bull? Leveraged And Inverse Single Stock ETFs Can Help You Maximize Your View

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Direxion Daily AMZN Bear 1X Shares (NYSE: AMZD) gapped up over 11% on Friday after a big bullish day on Thursday caused the ETF to rally 4%.

How To Profit From Amazon Stock&#39;s Historic Collapse On Earnings? Hint: It&#39;s An ETF

Direxion Daily AMZN Bull 2X Shares

Morgan Stanley analyst Brian Nowak maintains Maplebear (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) with a Equal-Weight and raises the price target from $43 to $45.

Price Target

Analyst Ratings

CART

Morgan Stanley Maintains Equal-Weight on Maplebear, Raises Price Target to $45

<a href="https://asia.nikkei.com/Business/Technology/Artificial-intelligence/Lenovo-to-put-AI-into-all-PCs-by-2027-device-chief" title="https://asia.nikkei.com/Business/Technology/Artificial-intelligence/Lenovo-to-put-AI-into-all-PCs-by-2027-device-chief">https://asia.nikkei.com/Business/Technology/Artificial-intelligence/Lenovo-to-put-AI-into-all-PCs-by-2027-device-chief</a>

LNVGF

'Lenovo to put AI into all PCs by 2027: device chief' - Nikkei

While &quot;the trend is your friend&quot; when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn&#39;t easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our &quot;Recent Price Strength&quot; screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Recruit Holdings Co., Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/rcrrf#OTC">RCRRF</a>) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for &quot;trend&quot; investors.
A solid price increase over a period of 12 weeks reflects investors&#39; continued willingness to pay more for the potential upside in a stock. RCRRF is quite a good fit in this regard, gaining 32.6% over this period.
However, it&#39;s not enough to look at the price change for around three months, as it doesn&#39;t reflect any trend reversal that might have happened in a shorter time frame. It&#39;s important for a potential winner to maintain the price trend. A price increase of 9% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, RCRRF is currently trading at 81% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock&#39;s near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988.
Another factor that confirms the company&#39;s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock&#39;s near-term price performance.
So, the price trend in RCRRF may not reverse anytime soon.
<a href="https://www.zacks.com/stock/news/2306683/here-s-what-could-help-recruit-holdings-co-rcrrf-maintain-its-recent-price-strength?cid=CS-BENZ-FT-tale_of_the_tape|recent_price_strength_screen-2306683">To read this article on Zacks.com click here.</a>

Earnings

RCRRF

Here's What Could Help Recruit Holdings Co. Maintain Its Recent Price Strength

On Tuesday, HCA Healthcare Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) reported second-quarter revenues of $17.49 billion, up from $15.86 billion a year ago and beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $17.05 billion</a>.
The hospital chain reported adjusted EPS of $5.50, up from $4.29 a year ago, beating the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39903046/hca-healthcare-reports-second-quarter-2024-results" rel="noreferrer noopener">consensus of $5.36</a>.
&#8220;The company&#8217;s results for the second quarter were positive and reflected strong demand for our services,&#8221; said Sam Hazen, Chief Executive Officer of HCA Healthcare.
In the second quarter of 2024, same-facility admissions increased 5.8% year over year, while same-facility equivalent admissions increased 5.2%.
Same-facility emergency room visits increased by 5.5%. Same-facility inpatient surgeries increased 2.6%, and same-facility outpatient surgeries declined 2.1%.
Same facility revenue per equivalent admission increased by 4.4%
For the second quarter of 2024, adjusted EBITDA totaled $3.55 billion, compared to $3.06 billion a year ago.
Guidance:&nbsp;HCA Healthcare&nbsp;revised its fiscal year 2024 revenue guidance to $69.75 billion-$71.75 billion compared to <a target="_blank" href="https://www.benzinga.com/news/earnings/24/04/38463623/why-is-hca-healthcare-stock-trading-lower-on-friday" rel="noreferrer noopener">prior guidance of $67.75 billion-$70.25 billion</a> and the consensus of&nbsp;$69.79 billion.
The company forecasts 2024 EPS&nbsp;guidance&nbsp;of&nbsp;$21.60-22.80, up from the prior guidance of $19.70-$21.20&nbsp;and the consensus of&nbsp;$20.98.
The company expects 2024 adjusted EBITDA of $12.85 billion-$13.55 billion versus the prior guidance of $13.75 billion-$14.25 billion.
Reuters reported that some analysts anticipate U.S. hospitals will benefit from an aging population, while others believe a shift also drives the increased demand for ambulatory care centers that don&#8217;t require overnight stays.
Over the past year, demand for medical care has surged as Americans, particularly older adults, address non-urgent procedures delayed during the pandemic.
According to a Reuters report citing Mizuho analyst, the largest for-profit hospital operator in the U.S. raised its forecast, meeting the high expectations for the quarter.
The stock of peers Universal Health Services Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>) and Community Health Systems Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYH#NYSE">CYH</a>) also trade higher.
Price Action:&nbsp;HCA Healthcare stock is up 4.81% at $341.33 at last check on Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/07/39903931/exclusive-adial-pharmaceuticals-moves-forward-to-second-cohort-in-pharmacokinetics-study-of-ad04-" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Adial Pharmaceuticals Moves Forward To Second Cohort In Pharmacokinetics Study of AD04 For Alcohol Use Disorder</a>.</li>
</ul>
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Guidance

Health Care

General

Hospital Chain Operator HCA Healthcare Says Positive Q2 Earnings Reflect Strong Demand For Services, Issues Upbeat Annual Outlook

Oppenheimer analyst Leland Gershell reiterates NuCana (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNA#NASDAQ">NCNA</a>) with a Outperform and maintains $150 price target.

Reiteration

NCNA

Oppenheimer Reiterates Outperform on NuCana, Maintains $150 Price Target

Morgan Stanley analyst Brian Nowak maintains Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) with a Equal-Weight and raises the price target from $63 to $70.

RDDT

Morgan Stanley Maintains Equal-Weight on Reddit, Raises Price Target to $70

Logitech International S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/logi#NASDAQ">LOGI</a>)&nbsp;started fiscal 2025 on a strong note by reporting better-than-expected results for the first quarter. The computer peripheral and software maker&#39;s key metrics, including revenues and earnings, marked strong improvement on a year-over-year basis as well.
Logitech&#39;s fiscal first-quarter non-GAAP earnings of $1.13 per share beat the Zacks Consensus Estimate of 89 cents and registered a year-over-year increase of 74%. The company&#39;s bottom-line results mainly benefited from increased revenues and lower product costs and promotional costs, leading to gross margin expansion.
Logitech&#39;s first-quarter revenues of $1.1 billion outpaced the consensus mark of $1.03 billion. Moreover, the top line marked a year-over-year increase of 12% on a reported basis and 13% on a constant-currency basis, mainly driven by higher demand across key product categories and efficient inventory management.
<div class="chart_embed">
<h3>Logitech International S.A. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Logitech International S.A. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/d0/1721733721.png" style="height:265px; width:576px" title="" /></h3>
Logitech International S.A. price-consensus-eps-surprise-chart | Logitech International S.A. Quote
</div>
<h3>Segment Details</h3>
Logitech registered sales growth across the majority of key product categories year over year. In the first quarter of fiscal 2024, LOGI reclassified its product segments by removing the Audio &amp; Wearable and Mobile Speakers categories and adding Headsets and Other categories.
Revenues from Keyboards &amp; Combos improved 19% year over year to $215.3 million, while Gaming revenues increased 16% year over year to $309.5 million. Our model estimates for Keyboards &amp; Combos and Gaming sales were pegged at $190.7 million and $281.7 million, respectively.
Revenues from the Headsets product category jumped 20% to $44.2 million, Pointing Devices grew 9% to $190 million, Tablet Accessories increased 12% to $78.5 million and Video Collaboration increased 6% to $147 million. Our model estimates for Headsets, Pointing Devices, Tablet Accessories and Video Collaboration were pegged at $37.8 million, $183.3 million, $74.8 million and $145.9 million, respectively.
On the other hand, Webcams declined 3% to $73 million and the Other category&#39;s revenues fell 1% to $30.7 million. Our estimates for Logitech&#39;s Webcams and Other category&#39;s first-quarter revenues were pegged at $77.1 million and $31.8 million, respectively.
<h3>Margins &amp; Operating Metrics</h3>
The non-GAAP gross profit jumped 24.1% to $466.3 million from $375.6 million reported in the year-ago quarter. The non-GAAP gross margin expanded 430 basis points (bps) from the prior-year quarter to 43.3%. The year-over-year increase was driven by lower product costs and reduced promotional activities.
Non-GAAP operating expenses increased 6.6% to $289 million. As a percentage of revenues, non-GAAP operating expenses declined 130 bps to 26.6%.
The non-GAAP operating income surged 67% to $182 million from $109 million reported in the year-ago quarter. The operating margin improved 560 bps to 16.8% from 11.2% in the year-ago quarter. The increase in the operating margin was mainly driven by improved gross margins, strong executions in operations and lowered spendings on promotional activities.
<h3>Liquidity and Shareholder Return</h3>
As of Jun 30, 2024, LOGI&#39;s cash and cash equivalents were $1.53 billion, up from $1.52 billion recorded in the previous quarter. Additionally, the company generated $176 million in cash from operational activities in the first quarter of fiscal 2025.
In the first quarter, the company repurchased shares worth $131 million but did not pay out dividends.
<h3>Raised Fiscal 2025 Guidance</h3>
Buoyed by stronger-than-expected first-quarter performance, Logitech raised its guidance for fiscal 2025. It now expects fiscal 2025 sales in the band of $4.34-$4.43 billion, up from the previous guidance of $4.3-$4.4 billion. The revised top-line projection reflects a year-over-year increase in the band of 1-3%, up from the earlier range of 0-2%. The Zacks Consensus Estimate for fiscal 2025 revenues is pegged at $4.35 billion.
Logitech also revised its projections of non-GAAP operating profit to $700-$730 million, up from the previous guidance of $685-$715 million. The updated guidance for operating income projects year-over-year growth of 0-4%, up from the previous guidance between a decline of 2% and an increase of 2%.
<h3>Zacks Rank &amp; Other Stocks to Consider</h3>
Logitech currently carries a Zacks Rank #2 (Buy). Shares of LOGI have lost 3.2% year to date (YTD).
Some other top-ranked stocks in the broader technology sector are NVIDIA (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>), Appfolio (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>) and Twilio (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/twlo#NYSE">TWLO</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for NVIDIA&#39;s fiscal 2025 earnings has been revised upward by a penny to $2.69 per share in the past seven days, suggesting year-over-year growth of 107%. The long-term estimated earnings growth rate for the stock is 37.6%. The stock has soared 149.2% YTD.
The Zacks Consensus Estimate for Appfolio&#39;s 2024 earnings has been revised downward by 2 cents to $3.98 per share in the past 60 days, indicating an increase of 132.8% on a year-over-year basis. Shares of APPF have jumped 55.7% YTD.
The consensus mark for Twilio&#39;s 2024 earnings has been revised upward by 2 cents to $3.12 per share over the past 30 days, indicating a 27.4% increase from 2023. It has a long-term earnings growth expectation of 33%. The stock has plunged 23.6% YTD.
<a href="https://www.zacks.com/stock/news/2307114/logitech-logi-q1-earnings-and-revenues-surpass-estimates?cid=CS-BENZ-FT-analyst_blog|earnings_article-2307114">To read this article on Zacks.com click here.</a>

Earnings Beats

Tech

APPF

LOGI

TWLO

Logitech Q1 Earnings and Revenues Surpass Estimates

Morgan Stanley analyst Brian Nowak maintains Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) with a Overweight and raises the price target from $195 to $210.

GOOG

Morgan Stanley Maintains Overweight on Alphabet, Raises Price Target to $210

Shares of Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) fell sharply during Tuesday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/07/39908857/comcasts-q2-earnings-studios-and-theme-parks-pull-revenue-lower-broadband-and-video-subs-fall">second-quarter sales results</a>.
Comcast reported second-quarter revenue decline of 2.7% year-over-year to $29.69 billion, missing the analyst consensus estimate of $30.02 billion.The company reported adjusted EPS of $1.21, beating analyst consensus estimates of $1.12, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Comcast shares declined 6.1% to $37.12 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) shares jumped 529% to $10.19 after the company announced that the U.S. Patent and Trademark Office granted it U.S. Patent No. 12,036,248 for the treatment of atopic dermatitis.</li>
<li>Adial Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADIL#NASDAQ">ADIL</a>) jumped 148% to $2.6299 after the company announced it advanced into the second cohort and commenced dosing for the Pharmacokinetics Study of AD04 for alcohol use disorder.</li>
<li>Salarius Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLRX#NASDAQ">SLRX</a>) gained 111% to $3.2540.</li>
<li>Agape ATP Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATPC#NASDAQ">ATPC</a>) shares climbed 67% to $0.2390.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) rose 45% to $2.7950.</li>
<li>Dermata Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRMA#NASDAQ">DRMA</a>) gained 43% to $2.41.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) jumped 36.5% to $4.60.</li>
<li>Volato Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#NYSE">SOAR</a>) gained 33.5% to $0.6385 after jumping around 20% on Monday.</li>
<li>Frequency Electronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEIM#NASDAQ">FEIM</a>) shares climbed 30% to $13.11 following fourth-quarter earnings. Also, the company declared a $1.00 special cash dividend.</li>
<li>Mammoth Energy Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TUSK#NASDAQ">TUSK</a>) gained 26% to $4.42 after the company announced its subsidiary, Cobra Acquisitions, entered into a release and settlement agreement with the Puerto Rico Electric Power Authority.</li>
<li>iClick Interactive Asia Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLK#NASDAQ">ICLK</a>) rose 23.5% to $2.05.</li>
<li>1847 Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#NYSE">EFSH</a>) jumped 19.3% to $2.90.</li>
<li>Milestone Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLSS#NYSE">MLSS</a>) gained 17.5% to $1.02 after the company announced the Medicare price assignment for its CompuFlo Epidural System.</li>
<li>Staffing 360 Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) gained 16% to $2.1493.</li>
<li>Kiniksa Pharmaceuticals International, plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) rose 16% to $24.81 after the company reported better-than-expected second-quarter sales results and raised its FY24 net product revenue guidance.</li>
<li>Aeva Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEVA#NYSE">AEVA</a>) gained 15.1% to $3.6713.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) jumped 12.7% to $333.02 following second-quarter earnings.</li>
<li>NuScale Power Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>) gained 11.8% to $12.34.</li>
<li>PureCycle Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCT#NASDAQ">PCT</a>) rose 11.8% to $6.90.</li>
<li>MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) gained 11.1% to $561.96 following better-than-expected second-quarter financial results.</li>
<li>Crown Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) rose 8.5% to $84.04 after the company reported better-than-expected second-quarter earnings and raised its FY24 EPS guidance above estimates.</li>
<li>MakeMyTrip Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMYT#NASDAQ">MMYT</a>) gained 8% to $96.75 following better-than-expected quarterly earnings.</li>
<li>Owens &amp; Minor, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OMI#NYSE">OMI</a>) gained 8% to $16.51 as the company released preliminary second quarter 2024 financial results and signed a definitive agreement to acquire Rotech Healthcare for $1.36 billion in cash.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) shares surged 8% to $8.15. Mesoblast recently started enrollment in Phase 3 trial of Rexlemestrocel-L for chronic low back pain.</li>
<li>Pentair plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) climbed 7.7% to $86.19 after the company reported better-than-expected second quarter financial results and revised its FY24 adjusted EPS guidance above estimates.</li>
<li>Danaher Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) gained 7.4% to $269.35 after the company reported better-than-expected second quarter earnings.</li>
<li>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) gained 6.4% to $173.21 after the company reported better-than-expected second quarter adjusted EPS and raised its FY24 outlook.</li>
<li>SAP SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) rose 6% to $0.2390 after the company reported second-quarter financial results.</li>
<li>Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) gained 5.4% to $52.12 after posting better-than-expected quarterly results on Monday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Jaguar Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) shares dipped 65% to $1.50 after the company announced its phase 3 OnTarget trial results for Crofelemer did not meet its primary endpoint.</li>
<li>TransCode Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAZ#NASDAQ">RNAZ</a>) dipped 62.2% to $0.2999 after the company announced a proposed public offering.</li>
<li>Fly-E Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLYE#NASDAQ">FLYE</a>) tumbled 59.2% to $2.60.</li>
<li>MIRA Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRA#NASDAQ">MIRA</a>) shares dipped 50.3% to $2.4636. MIRA Pharmaceuticals shares jumped 627% on Monday after the company announced new preclinical study results for its novel oral ketamine analog, Ketamir-2.</li>
<li>CareMax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMAX#NASDAQ">CMAX</a>) shares fell 38.3% to $3.1851 after surging 228% on Monday.</li>
<li>Selina Hospitality PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLNA#NASDAQ">SLNA</a>) dipped 32.4% to $0.0250.</li>
<li>PS International Group Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSIG#NASDAQ">PSIG</a>) fell 32.2% to $1.83.</li>
<li>Exicure, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XCUR#NASDAQ">XCUR</a>) fell 31.1% to $0.3440.</li>
<li>Cellectar Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLRB#NASDAQ">CLRB</a>) dipped 26.2% to $2.23. The company announced results from its CLOVER WaM pivotal study evaluating iopofosine I 131.</li>
<li>Crown LNG Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGBS#NASDAQ">CGBS</a>) fell 23% to $0.77.</li>
<li>Castellum, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CTM#NYSE">CTM</a>) fell 20% to $0.1594. Castellum recently announced a new strategic alliance with Krilla Kaleiwahea.</li>
<li>Netcapital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCPL#NASDAQ">NCPL</a>) fell 17.3% to $0.0926 after gaining around 8% on Monday.</li>
<li>Medpace Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) shares declined 16.6% to $364.00 after the company reported mixed second-quarter financial results and narrowed its FY24 revenue guidance with its midpoint below estimates.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) dipped 15.2% to $16.48.</li>
<li>United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) fell 13.2% to $126.04 after the company reported worse-than-expected quarterly financial results.</li>
<li>Nukkleus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUKK#NASDAQ">NUKK</a>) shares fell 10% to $0.4479 after gaining over 55% on Monday.</li>
<li>NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) shares fell 9.5% to $256.55 following mixed second-quarter earnings.</li>
<li>New Fortress Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFE#NASDAQ">NFE</a>) dipped 9.2% to $23.28.</li>
<li>PACCAR Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) fell 8.4% to $99.92 after the company reported worse-than-expected second-quarter financial results.</li>
<li>A. O. Smith Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) declined 8.4% to $81.30. The company reported second-quarter financial results.</li>
<li>WEBTOON Entertainment Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBTN#NASDAQ">WBTN</a>) dipped 7.7% to $22.00.</li>
<li>Polaris Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) declined 7.2% to $76.23 after the company reported worse-than-expected second-quarter financial results and cut its guidance.</li>
<li>Archrock, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AROC#NYSE">AROC</a>) shares declined 6.9% to $21.76. Archrock commenced public offering of 11 million shares of its common stock and announced plans to acquire Total Operations and Production Services for $983 million in cash and stock.</li>
<li>General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) fell 6.1% to $46.52 after the company reported second-quarter financial results. Also, the company announced that it delayed its 2024 Buick EV and pushed its EV pickup plant opening to 2026.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39907957/microsoft-to-rally-around-10-here-are-10-top-analyst-forecasts-for-monday">Microsoft To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Tuesday</a></li>
</ul>

Intraday Update

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JAGX

KNSA

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MIRA

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MSCI

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NUKK

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ZION

Why Comcast Shares Are Trading Lower By 6%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39911348/ethereum-etfs-start-trading-and-price-discovery-is-inevitable-trader-asserts">Nine spot Ethereum ETFs</a> began trading on US exchanges Tuesday, marking another milestone in the mainstream adoption of digital assets.
What Happened: This launch comes just six months after the debut of <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39906763/bitcoin-stuck-below-67k-despite-526m-in-etf-inflows-what-is-going-on">spot Bitcoin ETFs</a> in the United States, which have already accumulated over $54 billion in assets under management.
The new ETH ETFs, offered by major financial players including BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>), Fidelity, Grayscale, and others, are now available on the Cboe (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>), NYSE Arca, and Nasdaq exchanges.
Grayscale&#8217;s Ethereum Mini Trust stands out with the lowest fee of 0.15% and is set to start with approximately $1 billion in assets.
In the early hours of trading, the newly launched Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) ETFs demonstrated significant market interest.
According to data from Yahoo Finance, <a href="https://www.theblock.co/post/306970/ethereum-etfs-hit-300-million-in-trading-volume-in-first-hour-of-being-live-on-the-market?utm_source=rss&amp;utm_medium=rss">analyzed</a> by The Block Pro Research, these funds collectively amassed $205 million in trading volume within the first 60 minutes.
The momentum continued, with the total volume reaching $300 million approximately 75 minutes after the market opened, at around 10:45 a.m. EST.
To put these figures into perspective, Bloomberg&#8217;s Senior ETF Analyst Eric Balchunas offered his insights on the initial trading performance.
&#8220;Here&#8217;s volume after first 15 minutes of trading. Total of $112m traded for the group (which is A TON vs a normal ETF launch but only about half of what bitcoin ETFs&#8217; volume pace was on DAY ONE, altho 50% would exceed expectations IMO),&#8221; he <a href="https://x.com/EricBalchunas/status/1815767604453138738">said</a>.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Here&#39;s where we at after 90 minutes. $361m total. As a group that number would rank them about 15th overall in ETF volume (about what <a href="https://twitter.com/search?q=%24TLT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TLT</a> and <a href="https://twitter.com/search?q=%24EEM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$EEM</a> trade), which is Top 1%. But again compared to a normal ETF launch, which rarely see more than $1m on Day One, all of them have… <a href="https://t.co/R5UgQFR1L6">pic.twitter.com/R5UgQFR1L6</a>
&mdash; Eric Balchunas (@EricBalchunas) <a href="https://twitter.com/EricBalchunas/status/1815767604453138738?ref_src=twsrc%5Etfw">July 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
He added that the comparison excluded GBTC and if it was included the ETH ETFs do about 20% to 25% of the volume of the BTC ETFs. &#8220;Regardless, very solid showing,&#8221; he said.
Also Read: <a href="EXCLUSIVE: How AI Can Unlock The True Potential Of Web3">EXCLUSIVE: How AI Can Unlock The True Potential Of Web3</a>
What Others Said: Nathan McCauley, CEO of Anchorage Digital, hailed the launch as &#8220;a major step forward in regulatory clarity for the digital asset class.&#8221;
He emphasized that the ETF wrapper will provide a new pathway for safe and compliant exposure to Ethereum, potentially driving billions in inflows from both institutions and consumers.
Konstantin Shulga, CEO and co-founder of Finery Markets, noted the accelerated adoption rate of digital assets and increased institutional involvement. 
He pointed out that Ethereum trading volumes rose by 32% in the first half of 2024 compared to the same period in 2023 in the OTC market. 
However, Shulga cautioned that the full impact of ETF approvals may not be realized for six to nine months, as it takes time for innovative products to be fully integrated into financial players&#8217; portfolios.
Tom Duff Gordon, VP of International Policy at Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), described the approval of spot ETH ETFs as &#8220;a significant milestone in the crypto ecosystem,&#8221; highlighting the ongoing shift towards digital assets in the global financial system. 
Coinbase is serving as the custodian for 8 of the 9 newly approved ETH ETFs.
However, Sergei Gorev, risk manager at YouHodler, offered a more cautious perspective. 
He noted that despite the launch, ETH&#8217;s price dynamics appear weak, suggesting that the market may not fully believe in the great success of Ethereum ETFs. 
Gorev also pointed out the possibility of a &#8220;buy-on-hearsay and sell-on-facts&#8221; scenario, particularly given the timing of the launch during a period when many investors are on vacation.
David Ben Kay, a former advisor and member of the governing board of the Ethereum Foundation, said the launch is a step closer to broader adoption and closer integration into traditional financial markets.
This launch comes at a time of increasing institutional interest in digital assets, as Ethereum continues to solidify its position as a key player in the blockchain and decentralized finance (DeFi) sectors. 
By providing a regulated investment vehicle, investors may have a greater sense of security and compliance. 
However, due to fees and market inefficiencies the ETF price may not always perfectly track Ethereum&#8217;s spot price.
&#8220;Despite risk mitigation, Ethereum remains a volatile asset, and ETF values can fluctuate accordingly. Management fees and expenses associated with ETFs can impact overall returns compared to direct cryptocurrency holdings,&#8221; he said.
&#8220;All in all, the issuance of the spot ETH ETF is definitely a positive move in the journey of broad adoption for cryptocurrencies, but it's likely that initial adoption and market impact may be limited until there is broader acceptance and understanding of crypto ETFs,&#8221; he added.
As the cryptocurrency landscape continues to evolve rapidly with developments like these ETH ETFs, industry professionals and enthusiasts alike are eager to discuss the implications and future trends. 
What&#8217;s Next: The upcoming Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19 will provide a timely platform for such discussions.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39905047/michelle-obama-for-democratic-nominee-crypto-bettors-think-her-odds-have-just-tripled">Michelle Obama For Democratic Nominee? Crypto Bettors Think Her Odds Have Just Tripled</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$ETH

CBOE

COIN

Ethereum ETFs Are Live: Here's How Experts Assess Their Launch

Southwest Airlines Faces Multiple Potential Flight-Safety Incidents In Recent Months; Working Closely With FAA On Reviews; FAA Launches Audit After Close Calls

Pharma giant Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) <a href="https://www.investor.jnj.com/news/news-details/2024/Johnson--Johnson-seeks-U.S.-FDA-approval-of-SPRAVATO-esketamine-as-the-first-and-only-monotherapy-for-adults-with-treatment-resistant-depression/default.aspx" target="_blank" rel="noreferrer noopener">announced</a> Monday it had asked the Food and Drug Administration (FDA) to approve its nasal spray as a monotherapy for treatment-resistant depression (TRD) in adults.
The New Jersey-based company's Spravato, contains esketamine as an active ingredient, which is a nasal spray derivative formulation of a dissociative anesthetic, ketamine. While for years, ketamine has been used as an anesthetic in medical settings, recent clinical trials led to its broader application, most commonly for depression treatment.
FDA approved Spravato in 2019 but only in combination with oral antidepressants; it is available through a restricted program requiring monitoring by healthcare professionals. If the FDA approves the new drug application, this will be the first and only monotherapy for adults with treatment-resistant depression, <a href="https://www.greenmarketreport.com/johnson-johnson-requests-fda-nod-for-spravato-as-solo-depression-therapy/" target="_blank" rel="noreferrer noopener">writes</a> Green Market Report's Adam Jackson.
Nearly 30% of the estimated 280 million people worldwide living with major depressive disorder have TRD, which occurs when there is an inadequate response to two or more oral antidepressants during the same depressive episode.
Read Also:<a target="_blank" href="https://www.benzinga.com/general/health-care/24/01/36645584/is-ketamine-efficacious-for-depression-and-other-mental-health-conditions-the-top-10-studies-" rel="noreferrer noopener"> Is Ketamine Efficacious For Depression And Other Mental Health Conditions? The Top 10 Studies Of 2023 Shed Some Light</a>
<h2 class="wp-block-heading">More Than A Decade Of Research</h2>
&#8220;Many patients living with challenging-to-treat depression spend far too long cycling through multiple treatments that don&#8217;t effectively resolve their symptoms, which can cause a significant functional and emotional burden on patients and their loved ones,&#8221; stated Bill Martin, the head J&amp;J's neuroscience team. &#8220;We&#8217;re pleased to build on the more than a decade of research reinforcing the safety and efficacy of SPRAVATO and look forward to working with the FDA to bring this innovative treatment to patients as a monotherapy option.&#8221;
The application is supported by positive results from a Phase 4 study that showed Spravato, when used alone, produced "a rapid change in Montgomery-Asberg Depression Rating Scale total score as early as 24 hours after the first Spravato dose and sustained through at least 4 weeks of treatment," J&amp;J said.
To date, Spravato has been approved in 77 countries and administered to more than 100,000 people worldwide.
<h2 class="wp-block-heading">Strong Sales</h2>
J&amp;J recently reported its financial results revealing nearly 100% growth in Spravato sales year-over-year. While the company suppressed analyst forecasts by reporting adjusted earnings per share of $2.80 versus the consensus of $2.62 and raised full-year earnings guidance, Spravato's sales numbers stood out, <a target="_blank" href="https://www.benzinga.com/23/07/33310531/sales-of-johnson-johnson-esketamine-drug-spravato-rise-nearly-100-year-over-year" rel="noreferrer noopener">wrote</a> Shadd Dales for Benzinga.
In the U.S. and worldwide, year-over-year Spravato revenues grew 93.2% and 98.5%, respectively. Overall, Spravato&#8217;s growth was by far the strongest in Johnson &amp; Johnson's Neuroscience portfolio, easily topping CONCERTA (Methylphenidate) growth on a worldwide basis (28.6%).
<h2 class="wp-block-heading">Price Action</h2>
J&amp;J's shares traded 1.32 lower at $152.27 per share during Monday's mid-day session.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/04/38459615/first-patient-dosed-in-psychedelics-therapy-study-for-treatment-resistant-depression" target="_blank" rel="noreferrer noopener">First Patient Dosed In Psychedelics Therapy Study For Treatment-Resistant Depression</a></li>
</ul>
To learn more about cannabis regulation, join us at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9. <a target="_blank" href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener">Get your tickets now before prices</a> surge by following <a target="_blank" href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" rel="noreferrer noopener">this link</a>.
Photo: Michael Vi via Shutterstock

Cannabis

Psychedelics

Pharma Giant Johnson & Johnson Asks FDA To Approve Esketamine Nasal Spray For Treatment-Resistant Depression

Invesco&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ivz#NYSE">IVZ</a>) second-quarter 2024 adjusted earnings of 43 cents per share surpassed the Zacks Consensus Estimate of 41 cents. The bottom line increased 38.7% from the prior-year quarter.
Results have been primarily aided by a decline in adjusted expenses. An increase in the assets under management balance on decent inflows was a positive. However, marginally lower adjusted revenues hurt results to some extent.
On a GAAP basis, net income attributable to common shareholders was $132.2 million or 29 cents per share, unchanged from a year ago. Our estimate for the metric was $146.4 million.
<h3>Adjusted Revenues &amp; Expenses Decline</h3>
Adjusted net revenues were $1.09 billion, falling marginally year over year. The top line marginally surpassed the Zacks Consensus Estimate of $1.08 billion.
Adjusted operating expenses were $750.5 million, down 4.8% on a year-over-year basis. We expected the metric to be $787.9 million.
The adjusted operating margin was 30.9%, up from 27.7% a year ago.
<h3>AUM Balance Increases</h3>
As of Jun 30, 2024, AUM was $1.72 trillion, which increased 11.5% year over year. Our estimate for AUM was $1.67 trillion. The average AUM at second-quarter end totaled $1.67 trillion, up 11.7%.
The company witnessed long-term net inflows of $16.7 billion in the reported quarter.
<h3>Balance Sheet Strong</h3>
As of Jun 30, 2024, cash and cash equivalents were $878.5 million compared with $895.7 million as of Mar 31, 2024.
The long-term debt was $890.1 million.
<h3>Our View</h3>
Invesco is well-poised to benefit from its global footprint, product offerings and strategic buyouts. However, elevated expenses, a challenging market environment and high debt levels are major near-term concerns.
<div class="chart_embed">
<h3>Invesco Ltd. Price, Consensus and EPS Surprise</h3>
<img alt="Invesco Ltd. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/7a/1721735694.png" style="height:265px; width:577px" title="" />
Invesco Ltd. price-consensus-eps-surprise-chart | Invesco Ltd. Quote
</div>
Currently, IVZ carries a Zacks Rank #3 (Hold).
<h3>Performance of Other Asset Managers</h3>
BlackRock, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/blk#NYSE">BLK</a>) second-quarter 2024 adjusted earnings of $10.36 per share handily surpassed the Zacks Consensus Estimate of $9.96. The figure reflects a rise of 12% from the year-ago quarter.
BLK&#39;s results benefited from a rise in revenues. AUM witnessed a solid improvement, driven by net inflows and market appreciation. However, higher expenses and a fall in non-operating income acted as headwinds for BLK.
Blackstone&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bx#NYSE">BX</a>) second-quarter 2024 distributable earnings of 96 cents per share lagged the Zacks Consensus Estimate of 99 cents. The figure declined 3.2% from the prior-year quarter.
BX&#39;s results were primarily hurt by an increase in GAAP expenses. Nevertheless, a rise in segment revenues and an improvement in the AUM balance were tailwinds.
<a href="https://www.zacks.com/stock/news/2307093/invesco-ivz-q2-earnings-beat-despite-y-y-revenue-decline?cid=CS-BENZ-FT-analyst_blog|earnings_article-2307093">To read this article on Zacks.com click here.</a>

Invesco Q2 Earnings Beat Despite Y/Y Revenue Decline

WIIM

Boeing shares are trading after Qatar Airways announced an order for 20 more Boeing 777-9 Passenger Jets. Also, Macquarie AirFrance ordered 20 Boeing 737-8 MAX jets.

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates Arrowhead Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARWR#NASDAQ">ARWR</a>) with a Buy and maintains $60 price target.

ARWR

HC Wainwright & Co. Reiterates Buy on Arrowhead Pharma, Maintains $60 Price Target

Morgan Stanley analyst Brian Nowak maintains Booking Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) with a Equal-Weight and raises the price target from $3700 to $4000.

BKNG

Morgan Stanley Maintains Equal-Weight on Booking Holdings, Raises Price Target to $4000

General Motors Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) &nbsp;shares are trading <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">lower after the company reported second-quarter financial results.</a>
Also, the company announced that it delayed its 2024 Buick EV and pushed its EV pickup plant opening to 2026.
In essence, General Motors is functioning more as a profitable cash generator from traditional gasoline vehicles rather than the high-tech growth engine envisioned by &nbsp;Chief Executive Officer&nbsp;Mary Barra. Despite losses in China, strong U.S. market performance bolsters overall profitability, <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-23/gm-tops-profit-estimates-raises-forecast-on-strong-truck-demand" rel="noreferrer noopener">reported </a>Bloomberg.
Meanwhile, GM Defense Canada, a subsidiary of GM Defense, has been awarded a&nbsp;C$35.8 million&nbsp;contract by the Canadian Armed Forces (CAF) for 90 light tactical vehicles (LTVs), with an <a target="_blank" href="https://www.benzinga.com//node/39907891" rel="noreferrer noopener">option to procure up to an additional 18 LTVs.</a>
&#8220;We see this contract award as the beginning of a long strategic partnership with the Canadian Armed Forces to provide enhanced tactical mobility for Soldiers today, and into the future,&#8221; said Steve duMont, president of GM Defense.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, GM stock has gained over 18% in the past year. Investors can gain exposure to the stock via First Trust Nasdaq Transportation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTXR#NASDAQ">FTXR</a>) and&nbsp;Invesco S&amp;P 500 Pure Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPV#NYSE">RPV</a>).
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39910693/tesla-analyst-asks-do-earnings-matter-ahead-of-q2-report-robotaxis-china-ev-guidanc" rel="noreferrer noopener">Tesla Analyst Asks &#8216;Do Earnings Matter?&#8217; Ahead Of Q2 Report: Robotaxis, China, EV Guidance In Focus</a>
GM Defense Canada will also provide training, technical manuals, and additional vehicle content sourced from Canadian companies.
Under the contract, GM Defense Canada will supply nine-passenger LTVs and a new utility variant, based on a proven U.S. Army design, to support NATO&#8217;s Enhanced Forward Presence Multinational Battlegroup in Latvia, enhancing mobility and safety in challenging landscapes.
GM Defense Canada&#8217;s light tactical vehicles, built on the Chevrolet Colorado ZR2 platform, utilize a significant proportion of Commercial-Off-The-Shelf (COTS) parts, including Chevrolet Performance components. Weighing under 5,000 pounds / 2,232 kilograms, these vehicles prioritize air transportability, maintenance accessibility via GM&#8217;s global supply chain, and robust safety features, meeting stringent CAF performance and safety standards.
&#8220;As we further expand into&nbsp;Canada&nbsp;and with other allied nations around the world, we will continue to leverage the vast resources of General Motors to ensure our global defense and government customers have the best capability to accomplish their mission,&#8221; duMont added.
Earlier today, General Motors&nbsp;reported a fiscal second-quarter 2024 sales growth of 7.2% year-on-year to $47.97 billion, <a target="_blank" href="https://www.benzinga.com//node/39904891" rel="noreferrer noopener">beating the&nbsp;analyst&nbsp;consensus estimate of $45.30 billion.</a>
The adjusted EPS of $3.06 beat the analyst consensus estimate of $2.72. In FY24, General Motors projects adjusted EPS of $9.50 – $10.50 (prior $9.00 – $10.00) versus <a href="https://www.benzinga.com/calendars/guidance" target="_blank" rel="noreferrer noopener">consensus of $9.72</a>. 
Price Action: GM shares are trading lower by 6.86% to $46.16 at last check Tuesday.
Image via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/39913582" target="_blank" rel="noreferrer noopener">Ford Gears Up For Q2 Earnings: Will Bullish Charts Overcome Recent Dip?</a></li>
</ul>

Equities

Contracts

FTXR

What's Going On With General Motors Stock Today?

Deep-pocketed investors have adopted a bullish approach towards Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in SBUX usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Starbucks. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 75% leaning bullish and 8% bearish. Among these notable options, 5 are puts, totaling $280,860, and 7 are calls, amounting to $226,810.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $85.0 for Starbucks over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Starbucks stands at 2297.75, with a total volume reaching 1,584.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Starbucks, situated within the strike price corridor from $50.0 to $85.0, throughout the last 30 days.
<h3>Starbucks Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721755027_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>SBUX</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.45</td>
<td>$60.00</td>
<td>$138.0K</td>
<td>1.1K</td>
<td style="text-align: right;">418</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$28.75</td>
<td>$25.6</td>
<td>$26.95</td>
<td>$50.00</td>
<td>$53.9K</td>
<td>130</td>
<td style="text-align: right;">25</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.5</td>
<td>$3.45</td>
<td>$3.45</td>
<td>$75.00</td>
<td>$44.5K</td>
<td>6.7K</td>
<td style="text-align: right;">79</td>
</tr>
<tr>
<td>SBUX</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$4.25</td>
<td>$4.15</td>
<td>$4.15</td>
<td>$78.00</td>
<td>$40.2K</td>
<td>218</td>
<td style="text-align: right;">161</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$18.35</td>
<td>$18.15</td>
<td>$18.25</td>
<td>$60.00</td>
<td>$32.8K</td>
<td>491</td>
<td style="text-align: right;">20</td>
</tr>
</tbody>
</table>

<h3>About Starbucks</h3>
Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. The firm operates in three segments: North America, international markets, and channel development (grocery and ready-to-drink beverage). The coffee chain generates revenue from company-operated stores, royalties, sales of equipment and products to license partners, ready-to-drink beverages, packaged coffee sales, and single-serve products.
In light of the recent options history for Starbucks, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Starbucks's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 3,737,241, the SBUX's price is down by -0.14%, now at $76.44. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 7 days.</li>
</ul>
<h3>Expert Opinions on Starbucks</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 $83.2.
<ul>
<li>In a cautious move, an analyst from Evercore ISI Group downgraded its rating to In-Line, setting a price target of $80. </li>
<li>An analyst from JP Morgan persists with their Overweight rating on Starbucks, maintaining a target price of $90. </li>
<li>Maintaining their stance, an analyst from TD Cowen continues to hold a Hold rating for Starbucks, targeting a price of $81. </li>
<li>An analyst from Deutsche Bank has decided to maintain their Hold rating on Starbucks, which currently sits at a price target of $85. </li>
<li>An analyst from Citigroup persists with their Neutral rating on Starbucks, maintaining a target price of $80. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Starbucks options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

SBUX

Smart Money Is Betting Big In SBUX Options

Morgan Stanley analyst Brian Nowak maintains Airbnb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) with a Underweight and raises the price target from $120 to $130.

ABNB

Morgan Stanley Maintains Underweight on Airbnb, Raises Price Target to $130

Deep-pocketed investors have adopted a bearish approach towards Analog Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in ADI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for Analog Devices. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 33% bearish. Among these notable options, 5 are puts, totaling $225,060, and 7 are calls, amounting to $538,426.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $195.0 to $260.0 for Analog Devices over the recent 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 Analog Devices's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Analog Devices's significant trades, within a strike price range of $195.0 to $260.0, over the past month.
<h3>Analog Devices Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721755021_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$55.2</td>
<td>$53.1</td>
<td>$54.2</td>
<td>$200.00</td>
<td>$146.6K</td>
<td style="text-align: right;">269</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$49.3</td>
<td>$47.1</td>
<td>$48.14</td>
<td>$210.00</td>
<td>$130.2K</td>
<td style="text-align: right;">226</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>ADI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$10.6</td>
<td>$10.3</td>
<td>$10.4</td>
<td>$220.00</td>
<td>$95.6K</td>
<td style="text-align: right;">247</td>
<td style="text-align: right;">92</td>
</tr>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$57.3</td>
<td>$56.9</td>
<td>$56.9</td>
<td>$195.00</td>
<td>$73.9K</td>
<td style="text-align: right;">113</td>
<td style="text-align: right;">13</td>
</tr>
<tr>
<td>ADI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$55.2</td>
<td>$53.1</td>
<td>$53.27</td>
<td>$200.00</td>
<td>$64.5K</td>
<td style="text-align: right;">269</td>
<td style="text-align: right;">30</td>
</tr>
</tbody>
</table>

<h3>About Analog Devices</h3>
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.
<h3>Where Is Analog Devices Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,600,278, the ADI's price is down by -4.27%, now at $229.78. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 29 days.</li>
</ul>
<h3>Professional Analyst Ratings for Analog Devices</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $250.0.
<ul>
<li>An analyst from Barclays has decided to maintain their Equal-Weight rating on Analog Devices, which currently sits at a price target of $250. </li>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Neutral, adjusting the price target to $250. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Analog Devices with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Market Whales and Their Recent Bets on ADI Options

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
It&rsquo;s time to start the day final of trading this week with an overview of the biggest pre-market stock movers on Friday!
Earnings reports are dominating stock news this morning after companies report results for the second quarter of 2023.
Let&rsquo;s get into that news below!

<h2>Pre-Market Stock Movers: 10 Top Gainers</h2>
<ol>
<li>Tupperware Brands (NYSE:<a href="https://investorplace.com/stock-quotes/tup-stock-quote/">TUP</a>) stock is rocketing more than 58% after announcing a <a href="https://www.nasdaq.com/press-release/tupperware-brands-announces-debt-restructuring-2023-08-03">debt restructuring agreement</a>.</li>
<li>Polished.com (NYSEMKT:<a href="https://investorplace.com/stock-quotes/pol-stock-quote/">POL</a>) shares are soaring over 37% after <a href="https://www.nasdaq.com/press-release/polished.com-regains-compliance-with-nyse-american-continued-listing-standards-2023">regaining listing compliance</a>.</li>
<li>Missfresh (NASDAQ:<a href="https://investorplace.com/stock-quotes/mf-stock-quote/">MF</a>) stock is surging close to 36% after announcing a <a href="https://www.nasdaq.com/press-release/missfresh-announces-entry-of-share-purchase-agreements-for-financing-and-business">share purchase agreement</a>.</li>
<li>Atlassian (NASDAQ:<a href="https://investorplace.com/stock-quotes/team-stock-quote/">TEAM</a>) shares are rising more than 22% with the release of its <a href="https://www.nasdaq.com/press-release/atlassian-announces-fourth-quarter-and-fiscal-year-2023-results-2023-08-03">fiscal Q4 earnings report</a>.</li>
<li>Applied Optoelectronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/aaoi-stock-quote/">AAOI</a>) stock is gaining over 18% following the release of its <a href="https://finance.yahoo.com/news/applied-optoelectronics-reports-second-quarter-201000908.html">Q2 earnings report</a>.</li>
<li>BigCommerce (NASDAQ:<a href="https://investorplace.com/stock-quotes/bigc-stock-quote/">BIGC</a>) shares are increasing more than 17% after <a href="https://www.globenewswire.com/news-release/2023/08/03/2718538/0/en/BigCommerce-Announces-Second-Quarter-2023-Financial-Results.html">releasing its Q2 earnings report</a>.</li>
<li>Tempo Automation (NASDAQ:<a href="https://investorplace.com/stock-quotes/tmpo-stock-quote/">TMPO</a>) stock is climbing over 15% after announcing <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317662499&amp;type=PDF&amp;symbol=TMPO&amp;cdn=667d3022050cf49d30dd4771cfa838be&amp;companyName=Tempo+Automation+Holdings+Inc.&amp;formType=8-K&amp;formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&amp;dateFiled=2023-08-04">a merger agreement</a> with 123PCB Corporation dba Network PCB.</li>
<li>Direxion Daily AMZN Bull 1.5X Shares (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzu-stock-quote/">AMZU</a>) are getting an over 13% boost on Friday morning.</li>
<li>DraftKings (NASDAQ:<a href="https://investorplace.com/stock-quotes/dkng-stock-quote/">DKNG</a>) stock is jumping more than 12% alongside a <a href="https://finance.yahoo.com/news/draftkings-dkng-reports-q2-loss-214514784.html">mixed Q2 earnings report</a>.</li>
<li>Bannix Acquisition (NASDAQ:<a href="https://investorplace.com/stock-quotes/bnix-stock-quote/">BNIX</a>) shares are up over 12% this morning.</li>
</ol>
<h2>10 Top Losers</h2>
<ol>
<li>Assertio (NASDAQ:<a href="https://investorplace.com/stock-quotes/asrt-stock-quote/">ASRT</a>) stock is plummeting nearly 42% after <a href="https://www.nasdaq.com/press-release/assertio-reports-second-quarter-2023-financial-results-closes-spectrum-acquisition">releasing its latest earnings report</a> and closing a business deal.</li>
<li>DigitalOcean (NYSE:<a href="https://investorplace.com/stock-quotes/docn-stock-quote/">DOCN</a>) shares are diving more than 23% with the <a href="https://www.nasdaq.com/press-release/digitalocean-announces-second-quarter-2023-financial-results-2023-08-03">release of its Q2 earnings report</a>.</li>
<li>Fortinet (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftnt-stock-quote/">FTNT</a>) stock is tumbling over 19% after releasing earnings for the <a href="https://www.globenewswire.com/news-release/2023/08/03/2718533/0/en/Fortinet-Reports-Second-Quarter-2023-Financial-Results.html">second quarter of the year</a>.</li>
<li>ContextLogic (NASDAQ:<a href="https://investorplace.com/stock-quotes/wish-stock-quote/">WISH</a>) shares are taking a more than 17% beating alongside a <a href="https://finance.yahoo.com/news/contextlogic-inc-wish-reports-q2-220514084.html">lackluster earnings report</a>.</li>
<li>INVO Bioscience (NASDAQ:<a href="https://investorplace.com/stock-quotes/invo-stock-quote/">INVO</a>) stock is dropping over 13% <a href="https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&amp;ref=317662271&amp;type=PDF&amp;symbol=INVO&amp;cdn=fc225ddbda6a9c0fab32c57a67a6fb99&amp;companyName=INVO+BioScience+Inc.&amp;formType=EFFECT&amp;formDescription=Notice+of+Effectiveness&amp;dateFiled=2023-08-03">with a stock offering</a>.</li>
<li>Assure (NASDAQ:<a href="https://investorplace.com/stock-quotes/ionm-stock-quote/">IONM</a>) shares are decreasing more than 12% on Friday morning.</li>
<li>Bluejay Diagnostics (NASDAQ:<a href="https://investorplace.com/stock-quotes/bjdx-stock-quote/">BJDX</a>) stock is sliding over 12% in early morning trading today.</li>
<li>TransMedics (NASDAQ:<a href="https://investorplace.com/stock-quotes/tmdx-stock-quote/">TMDX</a>) shares are slipping more than 12% after releasing its <a href="https://www.nasdaq.com/press-release/transmedics-reports-second-quarter-2023-financial-results-2023-08-03">Q2 2023 earnings report</a>.</li>
<li>GT Biopharma (NASDAQ:<a href="https://investorplace.com/stock-quotes/gtbp-stock-quote/">GTBP</a>) stock is dipping over 12% after announcing it will <a href="https://www.nasdaq.com/press-release/gt-biopharma-to-participate-in-the-h.c.-wainwright-immune-cell-engager-conference-on">attend a conference this month</a>.</li>
<li>Opendoor Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/open-stock-quote/">OPEN</a>) shares close out our pre-market stock movers down more than 11% following <a href="https://finance.yahoo.com/news/opendoor-technologies-inc-open-reports-224509340.html">poor Q2 earnings results</a>.</li>
</ol>
On the date of publication, William White&nbsp;did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
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The post <a href="https://investorplace.com/2023/08/todays-biggest-pre-market-stock-movers-10-top-gainers-and-losers-on-friday-aug-4th/">Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Today's Biggest Pre-Market Stock Movers: 10 Top Gainers and Losers on Friday

Direxion Daily AMZN Bull 1.5X Shares declares quarterly distribution of $0.1622

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
With the 2023 holidays around the corner, it&rsquo;s time to look at top exchange-traded funds (ETFs) to buy. Sure, it&rsquo;s a bit early. But we have to remember consumers like to start shopping way in advance of holidays. In fact, according to the National Retail Federation, about <a href="https://nrf.com/blog/2023-holiday-shopping-outlook#:~:text=Almost%20half%20(46%25)%20of,typically%20do%20this%20holiday%20season." target="_blank">46% of consumers </a>started holiday shopping before November 2022, up from 39% in 2019.
Also, according to <a href="https://www2.deloitte.com/us/en/pages/about-deloitte/articles/press-releases/deloitte-holiday-retail-sales-expected-to-increase.html" target="_blank">Deloitte, 2023 holiday sales could rise</a> about 3.5% to 4.6%, resulting in sales of about $1.54 trillion to $1.56 trillion. While that&rsquo;s slower than last year&rsquo;s growth of 7.6%, it&rsquo;s to be expected with higher inflation, higher interest rates and spending cutbacks.
Meanwhile, holiday e-commerce sales could see a year-over-year boost. <a href="https://www.reuters.com/business/retail-consumer/us-online-sales-grow-48-crucial-holiday-season-report-2023-10-05/" target="_blank">According to Reuters,</a> &ldquo;The sales are also expected to grow at a much faster pace and hit $221.8 billion for the period between Nov. 1 and Dec. 31, which includes some of the biggest shopping days such as Cyber Monday, Thanksgiving and Black Friday. That compares with $211.7 billion a year earlier.&rdquo;
That being said, some of the top ways to potentially profit are with ETFs. After all, not only do these funds help diversify your portfolio, but they do so at far less cost. Here are seven of the top ETFs to buy.

<h2>ETFs to Buy: Amplify Online Retail ETF (IBUY)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/04/retail-shopping-1600-300x169.png" alt="Friends sit on a ledge with shopping bags after shopping retail stores. Retail Stocks to Buy" width="300" height="169"><div>Source: Rawpixel.com / Shutterstock</div></div>
With an expense ratio of 0.65%, the Amplify Online Retail ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/ibuy-stock-quote/">IBUY</a>) is oversold at the moment. However, it should benefit from an expected surge in e-commerce spending, especially with holdings in Affirm Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/afrm-stock-quote/">AFRM</a>), Amazon (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzn-stock-quote/">AMZN</a>), BigCommerce Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/bigc-stock-quote/">BIGC</a>), Apple (NASDAQ:<a href="https://investorplace.com/stock-quotes/aapl-stock-quote/">AAPL</a>) and Netflix&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/nflx-stock-quote/">NFLX</a>) &mdash; a few heavyweights on the list.
With <a href="https://amplifyetfs.com/ibuy/" target="_blank">net assets of $178 million,</a> the ETF tracks the EQM Online Retail Index. That benchmark says its components derive at least 70% of revenues, or a minimum of $100 billion in annual sales from online and/or virtual sales.
<h2>ProShares Online Retail ETF (ONLN)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/02/tablet-online-shopping-300x169.png" alt="An image of a tablet with icons overlaid; magnifying glass, globe, shopping cart, money, truck" width="300" height="169"><div>Source: Wright Studio/Shutterstock</div></div>
Or, take a look at the ProShares Online Retail ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/onln-stock-quote/">ONLN</a>), which is just as oversold. With an expense ratio of 0.58%, some of its top holdings include Amazon, Alibaba (NYSE:<a href="https://investorplace.com/stock-quotes/baba-stock-quote/">BABA</a>), eBay (NASDAQ:<a href="https://investorplace.com/stock-quotes/ebay-stock-quote/">EBAY</a>), Williams Sonoma (NYSE:<a href="https://investorplace.com/stock-quotes/wsm-stock-quote/">WSM</a>) and Etsy (NASDAQ:<a href="https://investorplace.com/stock-quotes/etsy-stock-quote/">ETSY</a>) &mdash; to name a few.
To be included in the ETF, a company must be deemed an online retailer with a market cap of at least $500 million. From a current price of $30.71, I&rsquo;d like to see it retest $34 as we near the holidays.
<h2>ETFs to Buy: SPDR S&amp;P Retail ETF (XRT)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2021/11/shopping-300x169.jpg" alt="Shopping mall blur" width="300" height="169"><div>Source: Shutterstock</div></div>
Another fund to consider is the SPDR S&amp;P Retail ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/xrt-stock-quote/">XRT</a>).
Not only is it oversold, but it&rsquo;s also sitting at strong support dating back to early June 2022. From a current price of $58.96, I&rsquo;d like to see it rally back to $75 as we near the holidays. Better, if you pull up a five-year chart of the XRT, you can see it has a history of blasting higher during the holidays. I expect to see a similar move this year, too.
With an expense ratio of 0.35%, the ETF tracks the performance of the S&amp;P Retail Select Industry Index. Some of its top holdings include Costco (NASDAQ:<a href="https://investorplace.com/stock-quotes/cost-stock-quote/">COST</a>), Foot Locker (NYSE:<a href="https://investorplace.com/stock-quotes/fl-stock-quote/">FL</a>), The Gap (NYSE:<a href="https://investorplace.com/stock-quotes/gps-stock-quote/">GPS</a>), Nordstrom (NYSE:<a href="https://investorplace.com/stock-quotes/jwn-stock-quote/">JWN</a>), Best Buy&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/bby-stock-quote/">BBY</a>) and Walmart (NYSE:<a href="https://investorplace.com/stock-quotes/wmt-stock-quote/">WMT</a>).
<h2>Direxion Daily AMZN Bull 1.5x Shares (AMZU)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2021/05/amazon-amzn-stock-1600-300x169.jpg" alt="Logistics activity on the Amazon (AMZN) site of V&eacute;lizy-Villacoublay in France. Packages are sorted by workers on conveyors." width="300" height="169"><div>Source: Frederic Legrand - COMEO / Shutterstock.com</div></div>
The Direxion Daily AMZN Bull 1.5x Shares (NASDAQ:<a href="https://investorplace.com/stock-quotes/amzu-stock-quote/">AMZU</a>) is another interesting opportunity. With an expense ratio of 1.06%, this ETF offers single-stock exposure to Amazon. With this one, the fund seeks 150% daily leveraged investment results. Better, after dropping from about $27 to $21, the ETF appears to have caught strong support. From a current price of $23.03, I&rsquo;d like to see it again challenge resistance at $27.
<h2>ETFs to Buy: VanEck Retail ETF (RTH)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2020/09/online-retail-stocks-1600-300x169.jpg" alt="E-commerce concept showing online retail exchange between two computer screens on light blue background." width="300" height="169"><div>Source: Shutterstock</div></div>
Take a look at the VanEck Vectors Retail ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/rth-stock-quote/">RTH</a>), too. It&rsquo;s also technically oversold, with a history of running higher ahead of the holidays as well. In fact, from its current price of $168.28, I believe it could again push higher. I&rsquo;d like to see it challenge at least $180 initially.
With an expense ratio of 0.35%, the fund tracks the MVIS US Listed Retail 25 Index. At the moment, it holds Amazon, Home Depot (NYSE:<a href="https://investorplace.com/stock-quotes/hd-stock-quote/">HD</a>), Walmart, Costco, Lowe&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/low-stock-quote/">LOW</a>) and TJX Companies (NYSE:<a href="https://investorplace.com/stock-quotes/tjx-stock-quote/">TJX</a>) as some of its top holdings.
<h2>VanEck Vectors Video Gaming and eSports ETF (ESPO)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2020/09/esports-stocks-1600-2-300x169.jpg" alt="a fan holding up their hand in a live, esports arena. MGAM stock" width="300" height="169"><div>Source: Roman Kosolapov/ Shutterstock</div></div>
In many of the last few years, the VanEck Video Gaming and eSports ETF (NASDAQ:<a href="https://investorplace.com/stock-quotes/espo-stock-quote/">ESPO</a>) pushed higher as the holiday season neared. I believe it could be gearing up for another run higher from its current price of $52.55, with strong video game sales expected.
With an expense ratio of 0.56%, the ETF tracks the MVIS&nbsp;Global Video Gaming and eSports Index. Some of its top holdings include Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>), Advanced Micro Devices&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/amd-stock-quote/">AMD</a>), Activision Blizzard&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/atvi-stock-quote/">ATVI</a>), Nintendo&nbsp;(OTCMKTS:<a href="https://investorplace.com/stock-quotes/ntdoy-stock-quote/">NTDOY</a>), Electronic Arts (NASDAQ:<a href="https://investorplace.com/stock-quotes/ea-stock-quote/">EA</a>) and Take-Two Interactive Software&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/ttwo-stock-quote/">TTWO</a>). That last holding is nearing the release of the ultra-popular game Grand Theft Auto VI, which could see explosive growth. In fact, analysts at Raymond James (NYSE:<a href="https://investorplace.com/stock-quotes/rjf-stock-quote/">RJF</a>), which upgraded TTWO to Outperform, said <a href="https://www.barrons.com/articles/take-two-stock-upgrade-grand-theft-46ecc8f5" target="_blank">GTA VI could sell 35 million copies</a> in its first year.
<h2>Vanguard Consumer Discretionary Fund (VCR)</h2>
<div><img src="https://investorplace.com/wp-content/uploads/2022/02/online-shopping-cart-phone-300x169.png" alt="An image of a cellphone surrounded by clothes, shoes, money, wallet" width="300" height="169"><div>Source: Garfieldbigberm/Shutterstock</div></div>
Let&rsquo;s wrap up this list with the Vanguard Consumer Discretionary ETF (NYSEARCA:<a href="https://investorplace.com/stock-quotes/vcr-stock-quote/">VCR</a>).
With an expense ratio of 0.10%, the ETF holds 308 top <a href="https://investorplace.com/industries/consumer-discretionary/retail/">retail stocks</a> and trades at $268 a share. Some of its top holdings include Amazon, Tesla (NASDAQ:<a href="https://investorplace.com/stock-quotes/tsla-stock-quote/">TSLA</a>), Home Depot, McDonald&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/mcd-stock-quote/">MCD</a>), Lowe&rsquo;s, Starbucks (NASDAQ:<a href="https://investorplace.com/stock-quotes/sbux-stock-quote/">SBUX</a>), Booking Holdings&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/bkng-stock-quote/">BKNG</a>) and Nike (NYSE:<a href="https://investorplace.com/stock-quotes/nke-stock-quote/">NKE</a>) &mdash; to name a few. Better, the VCR ETF tends to push higher as we near the holiday season as well. I&rsquo;d use the recent pullback as an opportunity.
On the date of publication, Ian Cooper did not hold (directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines.</a>
<div>
Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.
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The post <a href="https://investorplace.com/2023/10/7-etfs-primed-to-profit-from-the-coming-holiday-season/">7 ETFs Primed to Profit From the Coming Holiday Season</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 ETFs Primed to Profit From the Coming Holiday Season

Direxion Daily AMZN Bull 1.5X Shares declares quarterly distribution of $0.2135

Direxion Daily AMZN Bull 1.5X Shares goes ex dividend tomorrow

Direxion Daily AMZN Bull 1.5X Shares declares quarterly distribution of $0.2117

AMZU: Not The Right Time Unless Risk-Tolerance Is High

Direxion Daily AMZN Bull 1.5X Shares declares quarterly distribution of $0.2529

AAOI

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