Brookfield Office Props Stock (OTC: BRPYF)

Latest news for Brookfield Office Props (OTC:BRPYF) Stock

Brookfield Office Properties Inc is a real estate investment firm. It acts as owner, operator, and developer of office and multifamily assets. The office property division defines the skylines of dynamic cities around the world, including gateway cities such as New York, London, Berlin, Toronto, and Sydney and the multifamily business owns, develops, renovates and manages approximately 40,000 high-quality rental apartment buildings in supply constrained markets of major cities such as New York and London, as well as high growth markets in the suburban U.S. In addition, it caters to tenants in financial services, government, and energy and resource sectors.

BROOKFIELD OFFCE PROP W by Brookfield Office Properties Inc.

Brookfield Office Properties Inc

DA Davidson analyst Brent Thielman maintains EMCOR Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) with a Buy and raises the price target from $410 to $430.

News

Price Target

Analyst Ratings

DA Davidson Maintains Buy on EMCOR Group, Raises Price Target to $430

Good Morning Traders! In today&#39;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#39;s pulse to optimize your trading gains. Now, let&#39;s dive into the stock analysis:
<h3>SPDR S&amp;P 500 ETF Trust</h3>
(ARCA: SPY) SPY is currently trading around the level of 541.49. For the bullish scenario, we want to see a rise initially to 542.93. If this level is sustained, buyers could drive the price to the next support level of 544.04. Should 544.04 hold during the regular session, we anticipate a further move up to 545.24. Our high bullish target for SPY today is 546.46.
Conversely, if 541.49 fails to act as support, we expect the bears to test 540.07. Should sellers dominate, the price might drop to 539.18. If this level breaks with significant selling pressure, we see strong support at 538.30. A particularly bearish session could drive SPY down to our low target of 537.20.
<h3>Invesco QQQ Trust Series 1 </h3>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) QQQ is currently hovering around the crucial level of 463.56. For the bulls, we need to see sustained buying above 463.56. If this level holds as support, the next target is 465.93. Continued bullish momentum could push the price to 467.60. Should the bullish sentiment persist, we expect a test of 469.27. Our high bullish target for QQQ today is 471.33.
If the price struggles to maintain 463.56 during regular trading hours, we expect bearish pressure to push it down to 462.14. Continued weakness could see the price drop further to 460.55. If sellers remain aggressive, we anticipate a move down to 458.83. Should this level fail, our low bearish target for the day is 457.55.
<h3>Apple Inc.</h3>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) Apple is trading near the level of 219.19. For the bullish scenario, we need 219.19 to hold as support. If the bulls manage this, we look for a rise to 220.29. Continued buying strength could push the price up to 220.97. Should bullish control continue, we aim for a high bull target of 221.66.
If 219.19 fails to hold as support, the bears will likely test 218.08. Continued selling pressure could drive the price down to 216.70. If the bearish momentum persists, we expect to see a test of 215.25. A strong bearish session could push the price down to our low target of 214.07.
<h3>Microsoft Corp.</h3>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) Microsoft is currently trading around 421.62. For the bulls, holding above 421.62 is crucial. If successful, the next target is 422.84. Continued bullish momentum could see the price reach 423.81. If the buyers remain strong, we anticipate a move to our high bull target of 425.16.
If 421.62 fails to act as support, the bears will likely test 420.26. Should this level break, the next target is 419.17. Continued bearish pressure could push the price to 417.25. Our low bear target for Microsoft today is 416.32.
<h3>NVIDIA Corporation</h3>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) NVIDIA is trading around the key level of 114.29. For the bullish case, we want to see a move up to 115.15. If this level is reclaimed as support, the next target is 115.83. Continued buying could push the price up to 116.61. Our high bull target for NVIDIA today is 117.86.
If 114.29 does not hold, the bears will likely test 113.68. If this level breaks, we expect a move down to 112.54. Continued selling pressure could drive the price to 111.70. A very bearish session could push the price to our low target of 110.73.
<h3>Alphabet Inc Class A </h3>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) Alphabet is trading near 167.04. For the bulls, maintaining this level as support is crucial. If successful, the next target is 169.34. Continued bullish momentum could see the price reach 171.14.
If 167.04 fails to hold, the bears will likely push the price down to 165.41. Should this level break, the next target is 163.79. Heavy selling pressure could drive the price to our low target of 161.79.
<h3>Meta Platforms Inc</h3>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) Meta is currently trading around 462.20. For the bullish scenario, we need the price to stay above 464.57. If this level holds, the next target is 465.81. Continued buying could push the price to 468.38. Our high bull target for Meta today is 470.28.
If 462.20 fails as support, the bears will likely test 458.59. Continued selling pressure could drive the price down to 455.87. If this level breaks, we expect the price to drop to our low bear target of 453.45.
<h3>Tesla Inc.</h3>
(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) Tesla is trading around 223.98. For the bullish case, we want to see a rise to 226.53. Continued buying could push the price to 228.45. If the broader market is bullish, we might see Tesla test 230.65. A strong buying session could push the price to our high bull target of 233.49.
If 223.98 does not hold, the bears will likely test 222.19. Continued selling could drive the price to 220.65. If this level breaks, we expect a drop to our low bear target of 219.39.
Final Word: Today&#39;s session will be significantly influenced by the release of the Core PCE Deflator for June at 8:30 AM ET. This key economic indicator will set the tone for the market, providing insight into inflationary pressures and potential clues for the impending FOMC rate decision on Wednesday.
At 10 AM, we&#39;ll receive the final University of Michigan Sentiment for July along with the 1-Year and 5-10 Year Inflation expectations. These reports are crucial for gauging consumer confidence and future inflation trends, offering a broader picture of the economic landscape. Additionally, the Kansas City Fed Services Activity report for July, due at 11 AM ET, will provide further insights into the health of the service sector.
Furthermore, today marks the expiration of weekly options, which could add to market volatility. The confluence of economic data releases and options expiration can create a highly dynamic trading environment. Traders should be prepared for potential swings and manage their positions accordingly, keeping a close eye on key support and resistance levels.
Stay disciplined, follow your trading plan, and be ready to adapt to changing conditions. Good luck and Happy Friday!
The Morning Memo is curated by RIPS, a pro trader with years of experience in equities, options, and futures trading. RIPS is at the heart of the exclusive Market Clubhouse community, offering his insights, expertise, and real-time mentorship.
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day&mdash;hours before it&#39;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

AAPL

GOOGL

MSFT

NVDA

TSLA

Market Clubhouse Morning Memo - July 26th, 2024 (Trade Strategy For SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META And TSLA)

DA Davidson analyst Matt Summerville maintains Graco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGG#NYSE">GGG</a>) with a Neutral and lowers the price target from $82 to $79.

DA Davidson Maintains Neutral on Graco, Lowers Price Target to $79

Wedbush analyst David Chiaverini maintains Customers Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CUBI#NYSE">CUBI</a>) with a Outperform and raises the price target from $56 to $79.

CUBI

Wedbush Maintains Outperform on Customers Bancorp, Raises Price Target to $79

Deep-pocketed investors have adopted a bullish approach towards Snap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</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 SNAP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Snap. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 80% leaning bullish and 6% bearish. Among these notable options, 9 are puts, totaling $625,836, and 6 are calls, amounting to $201,390.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $11.0 to $19.0 for Snap over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Snap stands at 1924.78, with a total volume reaching 4,829.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Snap, situated within the strike price corridor from $11.0 to $19.0, throughout the last 30 days.
<h3>Snap Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722007007_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.15</td>
<td>$6.1</td>
<td>$6.1</td>
<td>$19.00</td>
<td>$168.3K</td>
<td>14</td>
<td style="text-align: right;">414</td>
</tr>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$4.7</td>
<td>$4.65</td>
<td>$4.65</td>
<td>$17.00</td>
<td>$121.3K</td>
<td>3.2K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.2</td>
<td>$6.1</td>
<td>$6.1</td>
<td>$19.00</td>
<td>$84.2K</td>
<td>14</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$6.15</td>
<td>$6.1</td>
<td>$6.1</td>
<td>$19.00</td>
<td>$66.5K</td>
<td>241</td>
<td style="text-align: right;">110</td>
</tr>
<tr>
<td>SNAP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$0.92</td>
<td>$0.9</td>
<td>$0.9</td>
<td>$12.50</td>
<td>$52.3K</td>
<td>1.2K</td>
<td style="text-align: right;">655</td>
</tr>
</tbody>
</table>

<h3>About Snap</h3>
Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.
<h3>Current Position of Snap</h3>
<ul>
<li>With a trading volume of 7,375,961, the price of SNAP is down by -0.45%, reaching $13.39.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 6 days from now.</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 Snap options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

SNAP

Unpacking the Latest Options Trading Trends in Snap

Deep-pocketed investors have adopted a bullish approach towards ZIM Integrated Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</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 ZIM usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 16 extraordinary options activities for ZIM Integrated Shipping. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 31% bearish. Among these notable options, 2 are puts, totaling $64,980, and 14 are calls, amounting to $2,838,238.
<h3>Expected Price Movements</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 $25.0 for ZIM Integrated Shipping, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of ZIM Integrated Shipping stands at 2590.8, with a total volume reaching 10,641.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ZIM Integrated Shipping, situated within the strike price corridor from $10.0 to $25.0, throughout the last 30 days.
<h3>ZIM Integrated Shipping Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722007002_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>ZIM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$5.4</td>
<td>$4.8</td>
<td>$4.8</td>
<td>$12.00</td>
<td>$744.0K</td>
<td>2.1K</td>
<td>1.5K</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$6.7</td>
<td>$6.55</td>
<td>$6.7</td>
<td>$10.00</td>
<td>$398.6K</td>
<td>950</td>
<td>285</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$5.2</td>
<td>$4.75</td>
<td>$5.03</td>
<td>$12.00</td>
<td>$326.9K</td>
<td>1.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$8.2</td>
<td>$6.75</td>
<td>$6.75</td>
<td>$10.00</td>
<td>$259.2K</td>
<td>1.6K</td>
<td>0</td>
</tr>
<tr>
<td>ZIM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$5.6</td>
<td>$5.15</td>
<td>$5.1</td>
<td>$12.00</td>
<td>$255.0K</td>
<td>1.2K</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About ZIM Integrated Shipping</h3>
ZIM Integrated Shipping Services Ltd is an asset-light container liner shipping company. It offers tailored services, including land transportation and logistical services, specialized shipping solutions, including the transportation of out-of-gauge cargo, refrigerated cargo, and dangerous and hazardous cargo. Its services include Cargo Services, Digital Services, Schedules, and Shipping Trades and Lines. Geographically, it derives a majority of its revenue from the Pacific trade region.
After a thorough review of the options trading surrounding ZIM Integrated Shipping, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of ZIM Integrated Shipping</h3>
<ul>
<li>Trading volume stands at 1,776,713, with ZIM's price down by -2.65%, positioned at $16.92.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 19 days.</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 ZIM Integrated Shipping options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

What the Options Market Tells Us About ZIM Integrated Shipping

Deep-pocketed investors have adopted a bearish approach towards Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</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 NKE usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 13 extraordinary options activities for Nike. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 38% leaning bullish and 46% bearish. Among these notable options, 8 are puts, totaling $539,942, and 5 are calls, amounting to $257,815.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $95.0 for Nike during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Nike options trades today is 4737.2 with a total volume of 2,084.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Nike's big money trades within a strike price range of $60.0 to $95.0 over the last 30 days.
<h3>Nike Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722006997_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.4</td>
<td>$16.3</td>
<td>$16.4</td>
<td>$87.50</td>
<td>$113.1K</td>
<td>4.4K</td>
<td style="text-align: right;">70</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/30/24</td>
<td>$13.8</td>
<td>$10.25</td>
<td>$12.03</td>
<td>$84.00</td>
<td>$103.4K</td>
<td>0</td>
<td style="text-align: right;">86</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$4.0</td>
<td>$80.00</td>
<td>$96.4K</td>
<td>5.0K</td>
<td style="text-align: right;">241</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$22.75</td>
<td>$22.5</td>
<td>$22.68</td>
<td>$95.00</td>
<td>$77.1K</td>
<td>38</td>
<td style="text-align: right;">34</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.55</td>
<td>$5.5</td>
<td>$5.55</td>
<td>$75.00</td>
<td>$74.3K</td>
<td>3.8K</td>
<td style="text-align: right;">189</td>
</tr>
</tbody>
</table>

<h3>About Nike</h3>
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
After a thorough review of the options trading surrounding Nike, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Nike's Current Market Status</h3>
<ul>
<li>With a trading volume of 2,660,169, the price of NKE is up by 1.04%, reaching $72.15.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 62 days from now.</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 Nike with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Decoding Nike's Options Activity: What's the Big Picture?

WIIM

SSNC

SS&C Technologies shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 guidance. Also, multiple firms raised their respective price targets on the stock.

The U.S. is entering a historic period of record retirement numbers, but a lack of sufficient pensions puts many Americans near <a href="https://www.benzinga.com/personal-finance/24/07/39911209/robbing-peter-to-pay-paul-retirement-expert-says-its-absurd-taking-incentives-from-401-k-plans-t">retirement</a> in financial peril. Here's why pensions are a hot topic in the country.&nbsp;
According to research from the Pew Research Center, the number of retired citizens in America is climbing and is expected to rise to historic figures. Susan Miller of Route Fifty cited this information: &#8220;More Americans are about to be 65 years old than ever before. A record number will hit the milestone this year – about 4.1 million. But it&#8217;s just one of many waves in the &#8216;silver tsunami,&#8217; a metaphor often used to describe the aging of America." Since 2011, 10,000 Americans have been turning 65 every day and will continue to turn 65 every day until 2030.&nbsp;
Don't Miss:
<ul>
<li>Can you guess how much the average retirement account balance is?<a href="https://www.benzinga.com/money/average-retirement-account-balance-adv"> Here&#8217;s a hint — it&#8217;s only slightly more than a year&#8217;s worth of expenses.</a></li>
<li>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>.</li>
</ul>
With this rising number of retired Americans, money and retirement are on their minds. CBS News reported that "about one in eight workers plan to stop working before they turn 61" to enjoy a 40-year retirement with a life expectancy of 100 years. The problem that many near-retirees are now facing is how they will fund this 40-year retirement when most of them are not even close to reaching their retirement savings goals. Financial services firm Corebridge Financial sought to explore this question, and what they found was not the news that near-retirees may be hoping for. The survey found that Americans are living longer and have embraced this long life; the only problem is that many Americans are not financially prepared for this long life. The survey found that 54% of participants had a goal of living to the age of 100, but 55% were very concerned that their money would run out. Two-thirds of the participants fear running out of money more than death.
"100 is a very long and fulfilling life, and that&#8217;s pretty optimistic and great to see. That optimism and hope does come with a little bit of tension – only 27% are very confident that they won&#8217;t outlive their retirement savings," said Bryan Pinsky, president of individual retirement at Corebridge Financial.&nbsp;
See Also: How much money will a $200,000 annuity pay out each month?<a href="https://www.benzinga.com/money/200k-annuities-adv"> The numbers may shock you.</a>
According to NerdWallet, the median retirement savings balance for people between 55 and 64 nearing retirement is $185,000. This number doesn't provide the dream retirement many may envision. For example, if you had to withdraw 4% of your retired assets ($185,000), this amounts to an annual income of $7,400, which isn't much for the elderly. Equally troubling is that according to CBS News, three in 10 Americans over 59 years have not saved for retirement and rely solely on <a href="https://www.benzinga.com/personal-finance/24/07/39843652/congress-has-not-done-anything-in-53-years-about-social-security-says-u-s-rep-john-larson">Social Security</a> benefits, which is about $22,800 annually. To retire comfortably in the U.S., you must save an average of $1.8 million.&nbsp;
With only 10% of retirement-age Americans financially stable, Teresa Ghilarducci, a professor at The New School for Social Research in New York, told CBS News that many retirees have accepted that they will need to work longer. Both Pinsky and Ghilarducci have emphasized the need for workers to start saving for retirement as early as possible, considering that the U.S. is facing a failing retirement system. Ghilarducci pointed out that many American workers lack access to 401(k)s and employer-sponsored benefits, making saving difficult, especially on a low-income salary and a high cost of living.&nbsp;&nbsp;&nbsp;
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>This billion-dollar fund has invested in the next big real estate boom,<a href="https://www.benzinga.com/money/fundrise-flagship-fund"> here's how you can join for $10.</a></li>
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Personal Finance

Where Have All The Pensions Gone? Financial Peril Awaits America's Near-Retirees

DA Davidson analyst Brent Thielman maintains Valmont Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VMI#NYSE">VMI</a>) with a Buy and raises the price target from $300 to $340.

DA Davidson Maintains Buy on Valmont Industries, Raises Price Target to $340

Edward Lifesciences shares are trading higher, slightly rebounding after falling when the company reported mixed Q3 results and issued weak guidance this week. Additionally, Goldman Sachs maintained a Buy rating on the stock.

DA Davidson analyst Jeff Rulis maintains Bridgewater Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>) with a Buy and raises the price target from $14 to $17.

DA Davidson Maintains Buy on Bridgewater Bancshares, Raises Price Target to $17

The Personal Consumption Expenditure (PCE) price index keeps falling. This reaffirms the possibility that the Federal Reserve will cut the <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39983210/feds-preferred-inflation-measure-shows-mixed-readings-personal-income-spending-fa">key interest rate by September</a>.
The PCE, the Fed&#8217;s favored inflation indicator which tracks U.S. consumer spending, rose 2.5% on an annual basis in June, down from a 2.6% jump in May. 
Excluding food and energy, the core PCE index remained at 2.6% last month and from a year ago, missing an expected decline to 2.5%.
The index rose by 0.2% on a monthly basis, up from a 0.1% increase in May, beating forecasts.
Personal income rose 0.2% from May but fell shy of the prior 0.4% month-over-month increase and the estimated 0.4%.
Chris Zaccarelli, chief investment officer for Independent Advisor Alliance, said the Fed should be able to stick to its plan to cut rates in September and December as long as inflation data keeps coming in like it has — &#8220;not too hot and not too cold.&#8221;
&#8220;The Fed has indicated that they've wanted to cut rates all year long and the inflation data in Q1 prevented them from lowering rates sooner, but for the past few months the inflation data have been cooperating and this morning's results won't leave anyone alarmed at a resurgence in inflation,&#8221; he said.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/07/39963781/feds-favorite-inflation-gauge-set-to-drop-to-lowest-level-in-over-3-years-is-july-rate-cut-possi">Fed&#8217;s Favorite Inflation Gauge Set To Drop To Lowest Level In Over 3 Years: Is July Rate Cut Possible?</a>
The market has recently become more fearful of slowing economic growth rather than sticky inflation, but the economy should be able to expand and the inflation rate should very slowly head lower to the Fed&#8217;s target of 2%.
&#8220;This backdrop is a good one for both equity and fixed-income investors and volatility will be an opportunity to accumulate good quality assets at prices off their peak levels,&#8221; he said.
Quincy Krosby, chief global strategist for LPL Financial, said the lower two-year and 10-year Treasury yields ensure that Friday&#8217;s PCE report will confirm for the Fed&#8217;s Federal Open Market Committee that inflation will maintain a downward trend.
&#8220;Similarly, equity futures remain in the green suggesting that the market — decidedly oversold on a short-term basis &#8212; could edge higher into the close,&#8221; she said.
&#8220;Still, next week's earnings reports from a heavy package of mega-cap tech names, will be a crucial test for a market that is trying to find direction amid mixed economic data and underpinned by a historically negative seasonal pattern.&#8221;
Jeffrey Roach, chief economist for LPL Financial, noted that inflation continues to slowly approach the Fed&#8217;s target rate. The Fed should point to the slowdown in hiring as a reason to cut rates at the September meeting.
&#8220;As it relates to business activity, real disposable income per capita continues to rise, giving consumers the ability to keep spending despite high price levels. So, we are paying more but we are getting paid more,&#8221; he said.
Bill Adams, chief economist for Comerica Bank, said the June PCE report met the Fed&#8217;s expectations on inflation&#8217;s downward trend. Still, the Fed has repeatedly said that it is looking for inflation to fall more into a &#8220;durable downward trend&#8221; before it decides to lower rates.
&#8220;This report looks pretty similar to the last few, and so the Fed will see it as adding to the evidence that inflation is slowing,&#8221; he said.
&#8220;The Fed won't see a glaring reason to immediately cut interest rates in this report. But at their meeting next week, they will likely signal a quarter-percentage-point rate cut at the following decision in September. Another quarter percentage point cut is likely in December.&#8221;
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39984413/feds-favorite-inflation-gauge-falls-to-2-5-lowest-since-february-2021-but-core-remains-sticky-10">Fed&#8217;s Favorite Inflation Gauge Falls To 2.5%, Lowest Since February 2021, But Core Remains Sticky: 10 ETFs To Monitor Thursday</a></li>
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Economics

Federal Reserve

Fed's Favorite Inflation Gauge Keeps Falling But Fed Wants 'Durable Downward Trend,' Economist Says

Stifel analyst Tom Roderick maintains SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) with a Buy and raises the price target from $200 to $225.

SPSC

Stifel Maintains Buy on SPS Commerce, Raises Price Target to $225

Wedbush analyst David Chiaverini maintains Cullen/Frost Bankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFR#NYSE">CFR</a>) with a Neutral and raises the price target from $106 to $124.

Wedbush Maintains Neutral on Cullen/Frost Bankers, Raises Price Target to $124

DA Davidson analyst Peter Winter maintains Cullen/Frost Bankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFR#NYSE">CFR</a>) with a Buy and raises the price target from $127 to $134.

DA Davidson Maintains Buy on Cullen/Frost Bankers, Raises Price Target to $134

Stifel analyst Benjamin Nolan maintains World Kinect (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WKC#NYSE">WKC</a>) with a Buy and lowers the price target from $35 to $33.

Stifel Maintains Buy on World Kinect, Lowers Price Target to $33

Editor&#8217;s Note: A line in this article was corrected to clarify Kamala Harris&#8217;s support in the swing states.
Vice President Kamala Harris and former President Donald Trump are likely set for a head-to-head battle after President Joe Biden dropped out of the <a href="https://www.benzinga.com/general/politics/24/07/39874057/biden-drops-out-of-2024-race-in-bombshell-announcement-it-has-been-the-greatest-honor-of-my-life">2024 presidential election.</a>
Election polls show a close race with Harris gaining ground from Biden in the head-to-head matchups against Trump.
 What Happened: Since the first 2024 presidential debate, Trump has been gaining ground in the 2024 election polls and <a href="https://www.benzinga.com/general/sports-betting/24/07/39868243/2024-election-betting-odds-joe-biden-has-8-chance-of-winning-according-to-sportsbooks-pred">betting odds from sportsbooks</a> and prediction markets.
That dominance could be ending with Harris likely the winner of the Democratic Party nomination to replace Biden.
Recent polls show Harris with a closer margin to Trump in the 2024 election race.
A new Emerson College swing state <a href="https://emersoncollegepolling.com/july-2024-swing-state-polls-harris-trails-trump-in-arizona-georgia-michigan-pennsylvania-tied-in-wisconsin/">poll </a>shows Harris gaining ground in the key battleground states that could decide the 2024 election. The results of the poll are:
<ul>
<li>Arizona: 44% Harris, 49% Trump, 7% Undecided</li>
<li>Georgia: 46% Harris, 48% Trump, 7% Undecided</li>
<li>Michigan: 45% Harris, 46% Trump, 9% Undecided</li>
<li>Pennsylvania: 46% Harris, 48% Trump, 7% Undecided</li>
<li>Wisconsin: 47% Harris, 47% Trump, 5% Undecided</li>
</ul>
While Harris trails Trump in four of the five swing states used in the poll, she manages to be tied with Trump in Wisconsin. The poll also finds Harris gaining in support in each of the five swing states compared to where Biden stood earlier this month.
These were Biden's voter support figures for the five states in earlier July and Harris' gain:
<ul>
<li>Arizona: 40%, gained four points</li>
<li>Georgia: 41%, gained five points</li>
<li>Michigan: 42%, gained three points</li>
<li>Pennsylvania: 43%, gained three points</li>
<li>Wisconsin: 43%, gained four points</li>
</ul>
"Harris has recovered a portion of the vote for the Democrats on the presidential ticket since the fallout after the June 27 debate," Emerson College Polling executive director Spencer Kimball said. "Harris' numbers now reflect similar support levels to those of Biden back in March."
The poll also found that Harris gained huge support from young voters in the swing states. Here are the percentage point gains Harris has over Biden's figures earlier this month:
<ul>
<li>Arizona: +16 points</li>
<li>Georgia: +8 points</li>
<li>Michigan: +5 points</li>
<li>Pennsylvania: +11 points</li>
<li>Wisconsin: +1 point</li>
</ul>
Read Also:<a href="https://www.benzinga.com/general/politics/24/07/39967679/trump-vs-harris-fox-news-proposes-another-2024-presidential-debate-how-media-company-could-be-bi"> Trump Vs. Harris: Fox News Proposes Another 2024 Presidential Debate, How Media Company Could Be Big Winner</a>
Why It's Important: The latest poll shows that over 75% of voters in each of the swing states believe Harris should be the Democratic Party nominee.
The poll found that voters have similar favorability rankings for Harris compared to Trump, which are listed below:
<ul>
<li>Arizona: Harris 45%, Trump 49%</li>
<li>Georgia: Harris 47%, Trump 49%</li>
<li>Michigan: Harris 47%, Trump 48%</li>
<li>Pennsylvania: Harris 47%, Trump 46%</li>
<li>Wisconsin: Harris 49%, Trump 47%</li>
</ul>
Trump leads the poll for male voters in each of the swing states by double-digit percentage points, with Harris leading each of the five swing states for female voters, with a double-digit lead in Michigan (+12) and Wisconsin (+12).
The economy ranked as the top issue for voters in Georgia, Michigan, Pennsylvania and Wisconsin and ranked second in Arizona. Immigration ranked as the top issue in Arizona and ranked second in Georgia, Michigan and Wisconsin.
Swing states remain a key battle in the 2024 election and could be the deciding factor for the winner. The five swing states listed above represent 71 electoral votes. 
All five of the states listed above voted for Trump in the 2016 presidential election and flipped to Biden in the 2020 presidential election.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/07/39966459/donald-trumps-maga-hat-from-assassination-attempt-gets-12m-offer-how-price-tag-compares-to-">Donald Trump&#8217;s MAGA Hat From Assassination Attempt Gets $12M Offer: How Price Tag Compares To Other Famous Hats</a></li>
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Photos: Shutterstock

Politics

Trump Vs. Harris: Vice President Gains Ground Lost By Joe Biden In Swing States (CORRECTED)

Wedbush analyst David Chiaverini reiterates New York Community (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>) with a Neutral and maintains $10.5 price target.

Reiteration

NYCB

Wedbush Reiterates Neutral on New York Community, Maintains $10.5 Price Target

Stifel analyst Jonathan Block maintains Beauty Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKIN#NASDAQ">SKIN</a>) with a Hold and lowers the price target from $4 to $2.

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