Latest news for Aclara Resources (OTC:ARAAF) Stock

Aclara Resources Inc is a development stage company involved in the exploration of rare-earth elements, operating one business segment, which is the development of two projects called Penco Module in Chile and Carina Module in Brazil. It is focused on the development of the Penco Module and Carina Module, which contain ionic clays rich in Rare Earth Elements.

mining-excavator-1736293_1280

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ARAAF

Brazil, holding the world&#39;s third-largest REE reserves, has significantly advanced in this sector with the launch of the Serra Verde mine.

Brazil Implements Plan To Become A Key Rare Earth Elements Supplier

ACLARA RESOURCES INC by Aclara Resources Inc.

Aclara Resources Inc

Barclays analyst Dan Levy maintains Lear (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEA#NYSE">LEA</a>) with a Overweight and lowers the price target from $165 to $155.

News

Price Target

Analyst Ratings

Barclays Maintains Overweight on Lear, Lowers Price Target to $155

Raymond James analyst Rahul Sarugaser upgrades Alpha Cognition (CSE:<a class="ticker" href="https://www.benzinga.com/stock/ACOG#CSE">ACOG</a>) from Market Perform to Outperform and raises the price target from C$1 to C$2.

Upgrades

CSE:ACOG

Raymond James Upgrades Alpha Cognition to Outperform, Raises Price Target to C$2

U.S. technology and business leaders, including Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) co-founder Joe Lonsdale, venture capital pioneer Doug Leone, and the Winklevoss twins, have donated to a new super-political action committee supporting Donald Trump&#8217;s presidential bid.
America PAC has raised more than $8.7 million since its launch in June, the Financial Times <a target="_blank" href="https://www.ft.com/content/c1aeef78-590f-4f65-97ff-40f96106254a" rel="noreferrer noopener">cites</a> from a public filing.
Several $1 million donations came from Silicon Valley investors who have recently publicly supported Trump.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/07/39787824/as-trumps-chances-of-presidency-improve-analysts-say-his-return-to-white-house-could-boost-these-3-s" rel="noreferrer noopener">As Trump&#8217;s Chances Of Presidency Improve, Analysts Say His Return To White House Could Boost These 3 Sectors</a>
The donors include Sequoia partner Shaun Maguire, Valor Equity Partners founder Antonio Gracias, Doug Leone, and Joe Lonsdale.
The Winklevoss twins, Cameron and Tyler Winklevoss, each contributed $250,000. Additionally, coal titan Joe Craft, CEO of Alliance Resource Partners (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARLP#NASDAQ">ARLP</a>), and Jimmy John Liautaud, founder of the Jimmy John&#8217;s sandwich chain, made $1 million in donations.
One person with direct knowledge of the super PAC mentioned that Elon Musk plans to commit $45 million a month, <a target="_blank" href="https://t.co/khhwZ6eli6" rel="noreferrer noopener">WSJ report says</a>.
However, Elon Musk &#8216;denied&#8217; the report, although not directly but via a meme posted on his social media platform X.
<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"> <a href="https://t.co/RJdF7MWeEi">pic.twitter.com/RJdF7MWeEi</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1813097084595163643?ref_src=twsrc%5Etfw">July 16, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Traditionally considered a liberal stronghold, Silicon Valley has seen some tech leaders shift politically to the right, driven by dissatisfaction with President Joe Biden&#8217;s policies on regulation and taxes.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos by Frederic Legrand &#8211; COMEO on Shutterstock

Government

Politics

Tech

Media

ARLP

PLTR

Musk Could Join Some Silicon Valley Moguls in Funding Trump's Presidential Bid: Report

Vicinity Motor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEV#NASDAQ">VEV</a>) shares are trading lower by 12.8% to $0.56 during Tuesday&#8217;s session after the company announced pricing of a <a href="https://www.benzinga.com/pressreleases/24/07/ac39789128/vicinity-motor-corp-announces-pricing-of-us-2-5-million-registered-direct-offering">$2.5 million registered direct offering</a>.
Vicinity will sell 4,807,692 common shares and warrants to purchase an additional 4,807,692 shares at a combined price of $0.52 per share and warrant. The warrants, priced at $0.64 per share, are exercisable immediately and expire in five years. The total proceeds from this offering are expected to be approximately $2.5 million before expenses. 
The funds will be used for working capital and general corporate purposes. The closing is expected around July 17, pending customary conditions, with A.G.P./Alliance Global Partners serving as the sole placement agent.
Read Also: <a href="https://www.benzinga.com/etfs/sector-etfs/24/07/39796752/flat-retail-sales-report-shows-a-more-discerning-consumer-keeps-spending-economists-say">Flat Retail Sales Report Shows &#8216;A More Discerning Consumer&#8217; Keeps Spending, Economists Say</a>
<h2 class="wp-block-heading">Should I Sell My VEV Stock?</h2>
Whether to sell or hold a stock largely depends on an investor's strategy and risk tolerance. Swing traders may sell an outperforming stock to lock in a capital gain, while long-term investors might ride out the turbulence in anticipation of further share price growth.
Similarly, traders willing to minimize losses may sell a stock that falls a certain percentage, while long-term investors may see this as an opportunity to buy more shares at a discounted price.
Shares of Vicinity Motor have lost 35.64% year to date. This compares to the average annual return of -52.31%, meaning the stock has outperformed its historical averages. Investors can compare a stock's movement to its historical performance to gauge whether this is a normal movement or a potential trading opportunity. 
Investors may also consider market dynamics. The Relative Strength Index can be used to indicate whether a stock is overbought or oversold. Vicinity Motor stock currently has an RSI of 61.21, indicating neutral conditions.
For analysis tools, charting data and access to exclusive stock news, check out <a href="https://pro.benzinga.com/">Benzinga PRO. Try it for free.</a>
VEV has a 52-week high of $1.38 and a 52-week low of $0.30.

Why EV Stock Vicinity Motor (VEV) Is Falling

Barclays analyst Dan Levy maintains Ford Motor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) with a Overweight and raises the price target from $16 to $17.

Barclays Maintains Overweight on Ford Motor, Raises Price Target to $17

Barclays analyst Dan Levy maintains Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) with a Overweight and lowers the price target from $110 to $105.

APTV

Barclays Maintains Overweight on Aptiv, Lowers Price Target to $105

Barclays analyst Dan Levy maintains Adient (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) with a Equal-Weight and lowers the price target from $34 to $29.

ADNT

Barclays Maintains Equal-Weight on Adient, Lowers Price Target to $29

Stephens &amp; Co. analyst Matt Olney reiterates CrossFirst Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFB#NASDAQ">CFB</a>) with a Overweight and maintains $17 price target.

Reiteration

Stephens & Co. Reiterates Overweight on CrossFirst Bankshares, Maintains $17 Price Target

Financial giants have made a conspicuous bullish move on Unity Software. Our analysis of options history for Unity Software (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) revealed 15 unusual trades.
Delving into the details, we found 60% of traders were bullish, while 40% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $205,936, and 10 were calls, valued at $701,414.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $38.0 for Unity Software, 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 Unity Software's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Unity Software's significant trades, within a strike price range of $10.0 to $38.0, over the past month.
<h3>Unity Software Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721144781_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>U</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.55</td>
<td>$4.5</td>
<td>$4.5</td>
<td>$15.00</td>
<td>$224.5K</td>
<td>933</td>
<td>0</td>
</tr>
<tr>
<td>U</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.95</td>
<td>$4.55</td>
<td>$4.9</td>
<td>$14.00</td>
<td>$117.6K</td>
<td>304</td>
<td>0</td>
</tr>
<tr>
<td>U</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$7.1</td>
<td>$7.0</td>
<td>$7.05</td>
<td>$24.00</td>
<td>$69.7K</td>
<td>1.6K</td>
<td>362</td>
</tr>
<tr>
<td>U</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$6.4</td>
<td>$6.25</td>
<td>$6.4</td>
<td>$13.00</td>
<td>$69.1K</td>
<td>1</td>
<td>0</td>
</tr>
<tr>
<td>U</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.51</td>
<td>$1.5</td>
<td>$1.51</td>
<td>$20.00</td>
<td>$55.3K</td>
<td>3.4K</td>
<td>3.1K</td>
</tr>
</tbody>
</table>

<h3>About Unity Software</h3>
Unity Software Inc provides a software platform for creating and operating interactive, real-time 3D content. The platform can be used to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. The business is spread across the United States, Greater China, EMEA, APAC, and Other Americas, of which key revenue is derived from the EMEA region. The products are used in the gaming industry, architecture and construction sector, animation industry, and designing sector.
After a thorough review of the options trading surrounding Unity Software, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Unity Software</h3>
<ul>
<li>Trading volume stands at 4,650,425, with U's price up by 2.84%, positioned at $17.41.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 23 days.</li>
</ul>
<h3>Expert Opinions on Unity Software</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $14.0.
<ul>
<li>An analyst from Macquarie persists with their Underperform rating on Unity Software, maintaining a target price of $14. </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 Unity Software with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Check Out What Whales Are Doing With Unity Software

Barclays analyst Jason Goldberg maintains Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) with a Overweight and raises the price target from $493 to $565.

Barclays Maintains Overweight on Goldman Sachs Gr, Raises Price Target to $565

Whales with a lot of money to spend have taken a noticeably bullish stance on Occidental Petroleum.
Looking at options history for Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 37% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $75,680 and 6, calls, for a total amount of $549,350.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $57.5 to $67.5 for Occidental Petroleum 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 Occidental Petroleum's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Occidental Petroleum's significant trades, within a strike price range of $57.5 to $67.5, over the past month.
<h3>Occidental Petroleum Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721144776_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$3.35</td>
<td>$3.35</td>
<td>$3.35</td>
<td>$60.00</td>
<td>$167.5K</td>
<td>6.3K</td>
<td>1.1K</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$7.15</td>
<td>$7.1</td>
<td>$7.1</td>
<td>$57.50</td>
<td>$161.1K</td>
<td>1.5K</td>
<td>2</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$3.15</td>
<td>$3.1</td>
<td>$3.15</td>
<td>$60.00</td>
<td>$110.2K</td>
<td>6.3K</td>
<td>131</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$5.9</td>
<td>$5.8</td>
<td>$5.9</td>
<td>$67.50</td>
<td>$48.3K</td>
<td>1.7K</td>
<td>0</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$3.2</td>
<td>$3.1</td>
<td>$3.15</td>
<td>$60.00</td>
<td>$47.2K</td>
<td>6.3K</td>
<td>131</td>
</tr>
</tbody>
</table>

<h3>About Occidental Petroleum</h3>
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
In light of the recent options history for Occidental Petroleum, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Occidental Petroleum</h3>
<ul>
<li>Trading volume stands at 2,082,803, with OXY's price up by 0.42%, positioned at $62.26.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 22 days.</li>
</ul>
<h3>What Analysts Are Saying About Occidental Petroleum</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $73.5.
<ul>
<li>Maintaining their stance, an analyst from Stephens &amp; Co. continues to hold a Overweight rating for Occidental Petroleum, targeting a price of $77. </li>
<li>An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Occidental Petroleum, which currently sits at a price target of $69. </li>
<li>Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Occidental Petroleum, targeting a price of $80. </li>
<li>An analyst from Wells Fargo persists with their Equal-Weight rating on Occidental Petroleum, maintaining a target price of $68. </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 Occidental Petroleum with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Smart Money Is Betting Big In OXY Options

Financial giants have made a conspicuous bearish move on Lululemon Athletica. Our analysis of options history for Lululemon Athletica (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>) revealed 12 unusual trades.
Delving into the details, we found 16% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $163,620, and 8 were calls, valued at $499,098.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $260.0 to $460.0 for Lululemon Athletica during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Lululemon Athletica's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Lululemon Athletica's whale activity within a strike price range from $260.0 to $460.0 in the last 30 days. 
<h3>Lululemon Athletica Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721144771_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$19.5</td>
<td>$19.15</td>
<td>$19.2</td>
<td>$290.00</td>
<td>$96.0K</td>
<td style="text-align: right;">238</td>
<td style="text-align: right;">6</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$19.35</td>
<td>$18.95</td>
<td>$19.1</td>
<td>$290.00</td>
<td>$95.5K</td>
<td style="text-align: right;">238</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$31.25</td>
<td>$31.15</td>
<td>$31.15</td>
<td>$290.00</td>
<td>$77.8K</td>
<td style="text-align: right;">264</td>
<td style="text-align: right;">5</td>
</tr>
<tr>
<td>LULU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$15.1</td>
<td>$14.95</td>
<td>$15.1</td>
<td>$260.00</td>
<td>$72.4K</td>
<td style="text-align: right;">868</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LULU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$3.4</td>
<td>$2.34</td>
<td>$3.28</td>
<td>$285.00</td>
<td>$67.3K</td>
<td style="text-align: right;">322</td>
<td style="text-align: right;">9</td>
</tr>
</tbody>
</table>

<h3>About Lululemon Athletica</h3>
Lululemon Athletica designs, distributes, and markets athletic apparel, footwear, and accessories for women, men, and girls. Lululemon offers pants, shorts, tops, and jackets for both leisure and athletic activities such as yoga and running. The company also sells fitness accessories, such as bags, yoga mats, and equipment. Lululemon sells its products through more than 700 company-owned stores in about 20 countries, e-commerce, outlets, and wholesale accounts. The company was founded in 1998 and is based in Vancouver, Canada.
Having examined the options trading patterns of Lululemon Athletica, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Lululemon Athletica</h3>
<ul>
<li>Trading volume stands at 634,505, with LULU's price up by 1.23%, positioned at $287.22.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 44 days.</li>
</ul>
<h3>Professional Analyst Ratings for Lululemon Athletica</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $345.0.
<ul>
<li>Consistent in their evaluation, an analyst from Baird keeps a Outperform rating on Lululemon Athletica with a target price of $470. </li>
<li>An analyst from Jefferies persists with their Underperform rating on Lululemon Athletica, maintaining a target price of $220. </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 Lululemon Athletica, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

LULU

Lululemon Athletica Unusual Options Activity

Grant Cardone, the self-made millionaire and real estate mogul, is <a href="https://www.benzinga.com/real-estate/24/05/38919479/grant-cardone-says-1-million-is-no-money-and-millionaires-are-only-halfway-up-the-tree-urges-never-t">stirring up controversy</a> with his unconventional stance on retirement savings. Contrary to traditional financial advice, Cardone adamantly opposes investing in 401(k)s and IRAs, calling them ineffective for building wealth.
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Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.
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"I would never, ever invest money in a 401(k)," Cardone boldly stated in an interview with CNBC. His reasoning? He believes these retirement accounts have locked away money for decades, preventing individuals from using them to generate more income in the present. During the interview, he argued, "Why would I go to work, have my employer give me another $6,000 a year, and then take that money and send it off to Wall Street, where I can't even touch it for 30 years? I wouldn't do that."
This wasn't the first time he addressed his distrust in 401(k)s. He has also referred to them as "traps that prevent people from ever having enough," according to CNBC in 2016.&nbsp;
Cardone also criticizes the tax implications of 401(k)s, stating, "I believe that Wall Street and the IRS got together and said, ‘Hey, we want to capture this money for long periods of time and we'll benefit you by hammering these people [on taxes]." He argues that as tax rates could rise, investors might face higher taxes when they access their funds.
Trending: Many are surprised by Mark Cuban&#8217;s advice for lotto winners:<a href="https://www.benzinga.com/money/mark-cubans-annuity-adv"> Cash or annuity?</a>
He highlights the impact of inflation, noting that ongoing inflation could erode the purchasing power of money saved in 401(k)s. Cardone believes that maintaining liquidity and the ability to invest in more immediate opportunities is <a href="https://www.benzinga.com/real-estate/24/06/39160752/youre-not-wealthy-youre-worried-grant-cardone-says-millionaires-are-basically-middle-class-people">crucial for wealth building</a>.
Despite his criticisms, <a href="https://www.benzinga.com/personal-finance/24/06/39510803/average-401-k-balances-fall-short-across-all-ages-many-over-50-barely-have-enough-to-buy-a-new-c">401(k) plans remain immensely popular</a>. As of the fourth quarter of 2023, Americans had $7.4 trillion invested in 401(k) plans. On average, employees contribute 7.4% of their pay to their 401(k)s, with employer contributions averaging an additional 4.5%.
Instead of following the typical path of gradual investments, Cardone advocates a more aggressive approach to wealth accumulation. He suggests substantially increasing earnings rather than making small, consistent contributions to retirement accounts.
He also recommends putting saved money into "secured, sacred (untouchable) accounts." He says not to touch these accounts, not even for emergencies.&nbsp;
While Cardone&#8217;s approach may raise eyebrows among financial advisors, it aligns with his success story. He claims to have gone from being penniless with student debt to achieving millionaire status by age 30, boasting multiple successful enterprises worth billions at 66 years old.&nbsp;
However, critics argue that Cardone's advice overlooks key benefits of 401(k) plans, such as employer matching contributions and significant tax advantages, which can enhance retirement savings growth. The disciplined savings these plans encourage can be crucial, especially for those less experienced with high-risk investments like real estate.&nbsp;
Cardone's aggressive strategy may suit some, but it's essential to consider individual circumstances and the broader context of retirement planning. <a href="https://www.benzinga.com/money/are-you-rich">Consulting with a financial advisor</a> can help you determine the best approach for your financial situation and goals.
Read Next:
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<li>Are you richer than most people you know?<a href="https://www.benzinga.com/money/are-you-richer-than-most-people"> Here&#8217;s the net worth you need at every age to be above average.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>

Personal Finance

'Never, Ever Invest Money In A 401(k)' — Grant Cardone Argues They're 'Traps Designed To Prevent People From Having Enough' — Is He Right?

Barclays analyst Brandon Oglenski maintains RXO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RXO#NYSE">RXO</a>) with a Overweight and raises the price target from $24 to $30.

Barclays Maintains Overweight on RXO, Raises Price Target to $30

Taboola.com Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>) founder and CEO Adam Singolda <a href="https://www.axios.com/2024/07/16/taboola-apple-news-deal">told</a> Axios that his company secured a deal with Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) to deliver native advertising within the Apple News and <a href="https://www.benzinga.com/topic/apple-store">Apple Stocks apps</a>.
Taboola&#8217;s business model has grown to over $1.4 billion in annual revenue. According to marketing analytics firm eMarketer, Apple&#8217;s global ad revenues are projected to reach $10.34 billion this year.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39650816/taboolas-fiscal-2024-revenue-and-earnings-estimates-cut-by-this-analyst-despite-str" target="_blank" rel="noreferrer noopener">Taboola&#8217;s Fiscal 2024 Revenue and Earnings Estimates Cut by This Analyst Despite Strong Q2 Projections &#8211; Here&#8217;s Why</a>
Apple announced selling over 1 billion subscriptions to its paid apps in 2023.
As an authorized advertising reseller for Apple News and Apple Stocks, Taboola will manage native ad placements in these apps across all available markets.
Taboola&#8217;s vast scale and direct relationships with publishers and advertisers make it an ideal partner for Apple.
Price Action: Taboola shares are trading higher by 5.47% at $3.47 at last check Tuesday.
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39797464/small-caps-are-having-a-moment-russell-2000-notches-best-5-day-rally-in-over-4-year">Small Caps Are Having A Moment: Russell 2000 Notches Best 5-Day Rally In Over 4 Years</a></li>
</ul>

Movers

AAPL

TBLA

Taboola Stock Gains After Apple Deal, What's Going On?

Piper Sandler analyst Yasmeen Rahimi reiterates Immunic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMUX#NASDAQ">IMUX</a>) with a Overweight and maintains $28 price target.

IMUX

Piper Sandler Reiterates Overweight on Immunic, Maintains $28 Price Target

By <a href="https://elplanteo.com/author/lucia-tedesco/">Lucía Tedesco</a> via <a href="https://elplanteo.com/karkubi-droga-marruecos-espana/">El Planteo</a>
<a href="https://elplanteo.com/karkubi-droga-marruecos-espana/">Karkubi</a>, controversially known as the &#8220;poor man&#8217;s drug,&#8221; is a mixture of substances that has existed since the 1970s. However, its use significantly increased in recent years, especially since the COVID-19 pandemic of 2020.
This drug began gaining popularity in Morocco (where it is produced, along with Algeria) and, to a lesser extent, in Spain, where the medications used to make it are often sourced.
Related Content: <a href="https://www.benzinga.com/markets/cannabis/24/07/39679628/nazi-symbols-on-party-drugs-raise-alarms-across-europe-latin-america-its-terrifying">Nazi Symbols On Party Drugs Raise Alarms Across Europe, Latin America: &#8216;It&#8217;s Terrifying&#8217;</a>
The mix contains antidepressants, anxiolytics and antiepileptics, majoun (a paste made from nuts, honey and <a href="https://elplanteo.com/todo-sobre-el-hashish-hachis-o-hash/">hashish</a>), and sometimes alcohol and glue. Previously, benzodiazepines like diazepam, lorazepam and tetrazepam were used, but now it is made with the benzodiazepine <a href="https://elplanteo.com/ansiedad-pastillas-cannabis-psicofarmacos/">clonazepam</a> (an anxiolytic known commercially as Rivotril and Zatrix) and the barbiturate phenobarbital (an antiepileptic known as Gardenal).
<h2 class="wp-block-heading">Is Karkubi Smoked?</h2>
No, Karkubi is not smoked. This drug comes in potent tablets.
<h2 class="wp-block-heading">What Effects Does Karkubi Have?</h2>
Hallucinations, psychopathic behaviors, aggressiveness, amnesia, a sense of euphoria and power, and behavioral alterations.
<h2 class="wp-block-heading">What Are The Risks Of Karkubi?</h2>
Beyond its effects, Karkubi can also cause severe intoxication, coma, accidents and violent behaviors.
While Karkubi has been around for years, the situation worsened during the COVID-19 pandemic, especially in Spain, where it has become a significant player in the illicit drug market. In January 2022, a record operation seized over 500,000 pills between Spain and Morocco, according to Alchimia Web, highlighting the widespread circulation of this drug. It raises alarms not only because it is dangerous but also because it is highly addictive.
This article is from an external unpaid contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

What Is Karkubi: The Drug Mix Wreaking Havoc In Europe And Africa

Apollo Global Management, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) shares are trading higher today. The company entered into a definitive agreement to acquire The Travel Corporation (TTC) <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39791495/apollo-funds-to-acquire-the-travel-corporation" rel="noreferrer noopener">for an undisclosed amount</a>.
The transaction includes 18 leading brands, such as Trafalgar, Uniworld Boutique River Cruises, Contiki, Insight Vacations, and other global travel brands and supporting business entities. TTC has been privately owned and operated for more than a century.
The transaction, expected to close in the fourth quarter&nbsp;of 2024, is subject to regulatory approvals and other conditions. Notably, The Red Carnation Hotel Collection is not included in the sale.
Apollo Private Equity Partner Michele Raba stated, &#8220;TTC has a leading collection of brands that we believe we can take to the next level as an Apollo Funds portfolio company, leveraging our extensive experience in the travel, tech and hospitality sectors.&#8221;
Last week, &nbsp;the company&#8217;s aviation lending platform, PK AirFinance, closed its first aircraft loan asset-backed securitization,&nbsp;PK ALIFT LOAN <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39736160/whats-going-on-with-apollo-global-shares-today" rel="noreferrer noopener">FUNDING 3 Series 2024-1</a>.
Investors can gain exposure to the stock via&nbsp;EA Series Trust WHITEWOLF Publicly Listed Private Equity ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/LBO#BATS">LBO</a>) and&nbsp;WBI BullBear Quality 3000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBIL#NYSE">WBIL</a>).
Price Action: APO shares are up 0.73% at $123.40 at the last check Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image credit: Unsplash/ GeoJango Maps

Equities

Large Cap

Travel

General

WBIL

What's Going On With Apollo Global Shares Today?

Evercore ISI Group analyst Greg Melich maintains Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) with a Outperform and raises the price target from $73 to $74.

Evercore ISI Group Maintains Outperform on Walmart, Raises Price Target to $74

Barclays analyst Brandon Oglenski maintains Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) with a Overweight and lowers the price target from $96 to $95.

Barclays Maintains Overweight on Canadian Pacific Kansas, Lowers Price Target to $95

Aclara Resources, Inc. (TSE:ARA) has released an update. Aclara Resources Inc. has announced the strategic appointment of José Augusto Palma as its...

Aclara Resources Welcomes New Executive VP

Aclara Resources, Inc. (TSE:ARA) has released an update. Aclara Resources Inc. has successfully closed a strategic deal with CAP S.A., receiving an...

Aclara Secures Initial US$9.7M from Strategic CAP Investment

Aclara Resources, Inc. (TSE:ARA) has released an update. Aclara Resources Inc. has proudly become a participant of the United Nations Global Compac...

Aclara Resources Advances Sustainability Agenda

Aclara Resources, Inc. (TSE:ARA) has released an update. Aclara Resources Inc. has engaged Hatch Ltd., a renowned engineering and consultancy firm ...

Aclara Partners with Hatch for Carina Project Study

Aclara Resources, Inc. (TSE:ARA) has released an update. At Aclara Resources Inc.'s Annual General Meeting, all proposed resolutions were passed, i...

Aclara Resources Shareholders Approve All Resolutions

Aclara Resources, Inc. (TSE:ARA) has released an update. Aclara Resources Inc. has announced the strategic hire of Dr. Kurt Forrester as the lead a...

Aclara Resources Boosts Team for Rare Earths Project

Aclara Resources, Inc. (TSE:ARA) has released an update. Aclara Resources Inc. announces the filing of a new, optimized Environmental Impact Assess...

Aclara Enhances EIA with Community and Eco Focus

Aclara Resources, Inc. (TSE:ARA) has released an update. Aclara Resources, Inc. has announced the successful admission of its Environmental Impact ...

Aclara's EIA Advances in Chile's Environmental Review

Aclara Resources, Inc. (TSE:ARA) has released an update. Aclara Resources Inc. has entered into a strategic alliance with VAC to provide a ‘mine-to...

Aclara and VAC Forge Alliance for Magnet Supply Chain

Aclara Resources, Inc. (TSE:ARA) has released an update. Aclara Resources Inc. has entered into a preliminary agreement with VACUUMSCHMELZE GmbH & ...

Aclara and VAC Forge Alliance for ESG Magnets

Aclara Resources recent drill work unveils new HREE deposit at Carina Module

Aclara Resources announces 576% increase in resources with new discovery in Brazil

Aclara Resources pioneering sustainable rare earth mining - PDAC 2024

Aclara Resources awards Carina Module pre-feasibility study to Hatch

TSX:ARA

Aclara Resources

RBC Capital

Brazil wants to diminish its dependence on China when it comes to <a href="https://www.benzinga.com/etfs/23/07/33233340/rare-earth-elements-explained">rare earth elements (REE)</a>. 



As numerous countries rush to strengthen their REE supply chains, the South American country presents itself as a perfect provider of metals essential for advanced technologies and the green energy transition.



Brazil, holding the world's third-largest REE reserves, has significantly advanced in this sector. The launch of commercial production at the Serra Verde mine in Goiás is a major milestone. This mine, one of the largest ionic clay rare earth deposits globally, targets an initial annual output of 5,000 tons of rare earth oxides.



See Also:<a href="https://www.benzinga.com/news/large-cap/24/06/39357247/rio-tinto-to-initiate-largest-european-lithium-project-by-2028"> Rio Tinto To Initiate Largest European Lithium Project By 2028</a>



These oxides are vital for manufacturing high-efficiency magnets in wind turbines and electric vehicles. Potential output could double by 2030. Serra Verde is the first large-scale operation outside Asia to produce all four critical REEs essential to manufacturing permanent magnets.



"Brazil as a source of potential rare earths is a very exciting proposition because there have been some very meaningful discoveries made in the past couple of years," Daniel Morgan of Barrenjoey Investment Bank stated<a href="https://www.reuters.com/markets/commodities/brazil-joins-race-loosen-chinas-grip-rare-earths-industry-2024-06-17/"> for</a> Reuters.



Despite its potential, Brazil&#8217;s rare earth industry is currently dormant. It produces only a fraction of what it could contribute to the global market. Various challenges, such as environmental concerns and a slow permitting process, contribute to this issue. For example, the aforementioned Serra Verde operation took 15 years to develop.



Furthermore, a recent 70% decline in rare earth prices, accompanied by rising interest rates, has made it challenging for smaller companies to secure funding. These external economic pressures have stalled many projects and deterred potential investors.



Still, positive momentum is building, highlighted by the recent surge in mineral research requests, particularly in Goiás. Companies like Appia Rare Earths (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/APAAF#OTCQX">APAAF</a>), Aclara Resources (OTCPK: ARAAF), and Brazilian Rare Earths are exploring ionic clay deposits in the region. These deposits share geological similarities with Chinese deposits, a rarity outside of China.



Accompanied by low labor costs, access to hydropower for clean energy, and $194 million in government support for strategic mineral projects, Brazil is on the way to stake its claim in a rapidly developing sector.



Now Read:<a href="https://www.benzinga.com/news/24/06/39368533/snowline-golds-valley-deposit-emerges-as-high-grade-gold-resource-in-yukon"> Snowline Gold&#8217;s Valley Deposit Emerges As High-Grade Gold Resource In Yukon</a>



Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get started!



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<h3>Upgrades</h3>
According to Wedbush, the prior rating for Pegasystems Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGA#NASDAQ">PEGA</a>) was changed from Neutral to Outperform. For the first quarter, Pegasystems had an EPS of $0.23, compared to year-ago quarter EPS of $0.59. The current stock performance of Pegasystems shows a 52-week-high of $52.20 and a 52-week-low of $29.16. Moreover, at the end of the last trading period, the closing price was at $48.98. 
DA Davidson upgraded the previous rating for Rivian Automotive Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) from Underperform to Neutral. For the first quarter, Rivian Automotive had an EPS of $1.25, compared to year-ago quarter EPS of $1.43. The stock has a 52-week-high of $40.86 and a 52-week-low of $11.68. At the end of the last trading period, Rivian Automotive closed at $19.56. 
For Advanced Micro Devices Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Northland Capital Markets upgraded the previous rating of Market Perform to Outperform. In the first quarter, Advanced Micro Devices showed an EPS of $0.60, compared to $1.13 from the year-ago quarter. The stock has a 52-week-high of $132.83 and a 52-week-low of $54.58. At the end of the last trading period, Advanced Micro Devices closed at $115.82. 
Barclays upgraded the previous rating for Coherent Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) from Underweight to Equal-Weight. For the third quarter, Coherent had an EPS of $0.58, compared to year-ago quarter EPS of $0.95. At the moment, the stock has a 52-week-high of $60.46 and a 52-week-low of $26.29. Coherent closed at $50.84 at the end of the last trading period. 
For Transocean Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>), Citigroup upgraded the previous rating of Neutral to Buy. For the first quarter, Transocean had an EPS of $0.38, compared to year-ago quarter EPS of $0.28. The stock has a 52-week-high of $7.74 and a 52-week-low of $2.33. At the end of the last trading period, Transocean closed at $6.97. 
For Nucor Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>), Exane BNP Paribas upgraded the previous rating of Neutral to Outperform. For the first quarter, Nucor had an EPS of $4.45, compared to year-ago quarter EPS of $7.67. At the moment, the stock has a 52-week-high of $182.68 and a 52-week-low of $100.15. Nucor closed at $165.61 at the end of the last trading period. 
According to BMO Capital, the prior rating for Biomarin Pharmaceutical Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) was changed from Market Perform to Outperform. For the first quarter, Biomarin Pharmaceutical had an EPS of $0.60, compared to year-ago quarter EPS of $0.63. The stock has a 52-week-high of $117.77 and a 52-week-low of $80.58. At the end of the last trading period, Biomarin Pharmaceutical closed at $85.89. 
According to Goldman Sachs, the prior rating for Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) was changed from Sell to Neutral. Netflix earned $2.88 in the first quarter, compared to $3.53 in the year-ago quarter. At the moment, the stock has a 52-week-high of $448.65 and a 52-week-low of $169.78. Netflix closed at $441.44 at the end of the last trading period. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings upgrades.</a>
<h3>Downgrades</h3>
For Great Ajax Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AJX#NYSE">AJX</a>), Raymond James downgraded the previous rating of Outperform to Market Perform. For the first quarter, Great Ajax had an EPS of $0.09, compared to year-ago quarter EPS of $0.15. The stock has a 52-week-high of $11.19 and a 52-week-low of $5.15. At the end of the last trading period, Great Ajax closed at $6.95. 
For Veritex Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>), Hovde Group downgraded the previous rating of Outperform to Market Perform. For the first quarter, Veritex Holdings had an EPS of $0.79, compared to year-ago quarter EPS of $0.66. The current stock performance of Veritex Holdings shows a 52-week-high of $33.92 and a 52-week-low of $14.88. Moreover, at the end of the last trading period, the closing price was at $18.41. 
According to Northcoast Research, the prior rating for Ecolab Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>) was changed from Buy to Neutral. For the first quarter, Ecolab had an EPS of $0.88, compared to year-ago quarter EPS of $0.82. The stock has a 52-week-high of $187.73 and a 52-week-low of $131.04. At the end of the last trading period, Ecolab closed at $186.58. 
According to Oppenheimer, the prior rating for aTyr Pharma Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIFE#NASDAQ">LIFE</a>) was changed from Outperform to Perform. aTyr Pharma earned $0.29 in the first quarter, compared to $0.44 in the year-ago quarter. At the moment, the stock has a 52-week-high of $4.27 and a 52-week-low of $1.55. aTyr Pharma closed at $2.23 at the end of the last trading period. 
For Ryerson Holding Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYI#NYSE">RYI</a>), BMO Capital downgraded the previous rating of Outperform to Market Perform. In the first quarter, Ryerson Holding showed an EPS of $1.27, compared to $4.27 from the year-ago quarter. At the moment, the stock has a 52-week-high of $44.70 and a 52-week-low of $18.72. Ryerson Holding closed at $44.08 at the end of the last trading period. 
UBS downgraded the previous rating for SPX Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXC#NYSE">SPXC</a>) from Buy to Neutral. For the first quarter, SPX Techs had an EPS of $0.93, compared to year-ago quarter EPS of $0.40. At the moment, the stock has a 52-week-high of $85.85 and a 52-week-low of $49.74. SPX Techs closed at $85.15 at the end of the last trading period. 
Deutsche Bank downgraded the previous rating for VICI Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VICI#NYSE">VICI</a>) from Buy to Hold. In the first quarter, VICI Props showed an EPS of $0.53, compared to $0.44 from the year-ago quarter. The current stock performance of VICI Props shows a 52-week-high of $35.69 and a 52-week-low of $28.49. Moreover, at the end of the last trading period, the closing price was at $31.83. 
RBC Capital downgraded the previous rating for Aclara Resources Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ARAAF#OTC">ARAAF</a>) from Outperform to Sector Perform. 
According to Deutsche Bank, the prior rating for Gaming and Leisure Properties Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLPI#NASDAQ">GLPI</a>) was changed from Buy to Hold. Gaming and Leisure Props earned $0.92 in the first quarter, compared to $0.86 in the year-ago quarter. The current stock performance of Gaming and Leisure Props shows a 52-week-high of $55.13 and a 52-week-low of $43.47. Moreover, at the end of the last trading period, the closing price was at $48.98. 
For Conagra Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAG#NYSE">CAG</a>), Jefferies downgraded the previous rating of Buy to Hold. In the third quarter, Conagra Brands showed an EPS of $0.76, compared to $0.58 from the year-ago quarter. The current stock performance of Conagra Brands shows a 52-week-high of $41.30 and a 52-week-low of $32.32. Moreover, at the end of the last trading period, the closing price was at $34.09. 
Barclays downgraded the previous rating for Lumentum Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) from Equal-Weight to Underweight. For the third quarter, Lumentum Holdings had an EPS of $0.75, compared to year-ago quarter EPS of $1.19. At the moment, the stock has a 52-week-high of $96.45 and a 52-week-low of $42.00. Lumentum Holdings closed at $57.40 at the end of the last trading period. 
According to Raymond James, the prior rating for Wabash National Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WNC#NYSE">WNC</a>) was changed from Strong Buy to Market Perform. For the first quarter, Wabash National had an EPS of $1.04, compared to year-ago quarter EPS of $0.24. At the moment, the stock has a 52-week-high of $30.10 and a 52-week-low of $13.00. Wabash National closed at $25.98 at the end of the last trading period. 
For Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Piper Sandler downgraded the previous rating of Overweight to Neutral. In the first quarter, Coinbase Glb showed an EPS of $0.34, compared to $1.98 from the year-ago quarter. The stock has a 52-week-high of $116.30 and a 52-week-low of $31.55. At the end of the last trading period, Coinbase Glb closed at $79.93. 
According to JP Morgan, the prior rating for Braskem SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAK#NYSE">BAK</a>) was changed from Overweight to Neutral. Braskem earned $0.21 in the first quarter, compared to $1.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $14.76 and a 52-week-low of $6.26. Braskem closed at $11.53 at the end of the last trading period. 
According to Exane BNP Paribas, the prior rating for United States Steel Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) was changed from Outperform to Neutral. In the first quarter, United States Steel showed an EPS of $0.77, compared to $3.05 from the year-ago quarter. The current stock performance of United States Steel shows a 52-week-high of $31.55 and a 52-week-low of $16.42. Moreover, at the end of the last trading period, the closing price was at $25.20. 
For Steel Dynamics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>), Exane BNP Paribas downgraded the previous rating of Outperform to Neutral. In the first quarter, Steel Dynamics showed an EPS of $4.01, compared to $6.02 from the year-ago quarter. The stock has a 52-week-high of $136.46 and a 52-week-low of $62.44. At the end of the last trading period, Steel Dynamics closed at $110.78. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings downgrades.</a>
<h3>Initiations</h3>
TD Securities initiated coverage on Pason Systems Inc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PSYTF#OTC">PSYTF</a>) with a Buy rating. The price target for Pason Sys is set to $16.00. 
With an Outperform rating, Raymond James initiated coverage on WAVE Life Sciences Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WVE#NASDAQ">WVE</a>). The price target seems to have been set at $7.00 for WAVE Life Sciences. In the first quarter, WAVE Life Sciences showed an EPS of $0.27, compared to $0.62 from the year-ago quarter. The stock has a 52-week-high of $7.12 and a 52-week-low of $2.32. At the end of the last trading period, WAVE Life Sciences closed at $3.56. 
With a Buy rating, Seaport Global initiated coverage on Materion Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>). The price target seems to have been set at $135.00 for Materion. For the first quarter, Materion had an EPS of $1.34, compared to year-ago quarter EPS of $1.08. At the moment, the stock has a 52-week-high of $121.29 and a 52-week-low of $65.19. Materion closed at $115.04 at the end of the last trading period. 
With a Buy rating, B of A Securities initiated coverage on Rollins Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROL#NYSE">ROL</a>). The price target seems to have been set at $49.00 for Rollins. For the first quarter, Rollins had an EPS of $0.18, compared to year-ago quarter EPS of $0.15. At the moment, the stock has a 52-week-high of $43.04 and a 52-week-low of $33.38. Rollins closed at $42.32 at the end of the last trading period. 
With a Buy rating, Jefferies initiated coverage on Hertz Global Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>). The price target seems to have been set at $24.00 for Hertz Global Holdings. Hertz Global Holdings earned $0.39 in the first quarter, compared to $0.87 in the year-ago quarter. At the moment, the stock has a 52-week-high of $22.45 and a 52-week-low of $14.49. Hertz Global Holdings closed at $18.45 at the end of the last trading period. 
With a Buy rating, Jefferies initiated coverage on Trinity Capital Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIN#NASDAQ">TRIN</a>). The price target seems to have been set at $15.00 for Trinity Cap. For the first quarter, Trinity Cap had an EPS of $0.52, compared to year-ago quarter EPS of $0.54. At the moment, the stock has a 52-week-high of $16.43 and a 52-week-low of $10.24. Trinity Cap closed at $13.75 at the end of the last trading period. 
Morgan Stanley initiated coverage on Full Truck Alliance Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YMM#NYSE">YMM</a>) with an Overweight rating. The price target for Full Truck Alliance Co is set to $9.00. In the first quarter, Full Truck Alliance Co showed an EPS of $0.07, compared to $0.03 from the year-ago quarter. The stock has a 52-week-high of $10.18 and a 52-week-low of $4.59. At the end of the last trading period, Full Truck Alliance Co closed at $6.48. 
With a Buy rating, Citigroup initiated coverage on Valaris Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VAL#NYSE">VAL</a>). The price target seems to have been set at $85.00 for Valaris. Valaris earned $0.61 in the first quarter, compared to $0.51 in the year-ago quarter. The stock has a 52-week-high of $80.00 and a 52-week-low of $37.23. At the end of the last trading period, Valaris closed at $63.11. 
With a Neutral rating, Citigroup initiated coverage on Seadrill Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SDRL#NYSE">SDRL</a>). The price target seems to have been set at $48.10 for Seadrill. The stock has a 52-week-high of $45.48 and a 52-week-low of $24.51. At the end of the last trading period, Seadrill closed at $41.04. 
Citigroup initiated coverage on NET Power Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) with a Neutral rating. The price target for NET Power is set to $15.00. The current stock performance of NET Power shows a 52-week-high of $17.19 and a 52-week-low of $11.26. Moreover, at the end of the last trading period, the closing price was at $12.98. 
Jefferies initiated coverage on Gladstone Capital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLAD#NASDAQ">GLAD</a>) with a Buy rating. The price target for Gladstone Cap is set to $11.00. For the second quarter, Gladstone Cap had an EPS of $0.26, compared to year-ago quarter EPS of $0.25. At the moment, the stock has a 52-week-high of $11.10 and a 52-week-low of $8.21. Gladstone Cap closed at $9.91 at the end of the last trading period. 
Chardan Capital initiated coverage on 4D Molecular Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FDMT#NASDAQ">FDMT</a>) with a Buy rating. The price target for 4D Molecular Therapeutics is set to $30.00. For the first quarter, 4D Molecular Therapeutics had an EPS of $0.88, compared to year-ago quarter EPS of $0.82. At the moment, the stock has a 52-week-high of $26.49 and a 52-week-low of $6.66. 4D Molecular Therapeutics closed at $17.86 at the end of the last trading period. 
<a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">See all analyst ratings initiations.</a>

Downgrades

Initiation

Intraday Update

BMRN

COHR

COIN

FDMT

GLAD

GLPI

LIFE

LITE

MTRN

NFLX

NPWR

PEGA

PSYTF

RIVN

SDRL

SPXC

STLD

TRIN

VBTX

VICI

Benzinga's Top Ratings Upgrades, Downgrades For July 5, 2023

RBC Capital analyst Andrew Wong downgrades Aclara Resources (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ARAAF#OTC">ARAAF</a>) from Outperform to Sector Perform and lowers the price target from C$1.1 to C$0.6.

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Aclara Resources

News

Latest news for Aclara Resources (OTC:ARAAF) Stock

Tuesday, June 18, 2024

Wednesday, July 05, 2023