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China Tower Corp Ltd is a telecommunications tower infrastructure service provider. The Company is principally engaged in the construction, maintenance, and operation of base station ancillary facilities such as telecommunications towers, public network coverage in high-speed railways and subways, and large-scale indoor Distributed Antenna Systems (DAS). The business of the company includes Tower business; DAS business; Smart Tower business and Energy business. It generates maximum revenue from the Tower business.

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Investors with a lot of money to spend have taken a bearish stance on Chevron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CVX, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 13 uncommon options trades for Chevron.
This isn't normal.
The overall sentiment of these big-money traders is split between 23% bullish and 61%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $162,552, and 11 are calls, for a total amount of $485,667.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $150.0 to $170.0 for Chevron over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Chevron stands at 4335.0, with a total volume reaching 5,226.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Chevron, situated within the strike price corridor from $150.0 to $170.0, throughout the last 30 days.
<h3>Chevron Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721748808_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>CVX</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.6</td>
<td>$6.45</td>
<td>$6.55</td>
<td>$150.00</td>
<td>$131.0K</td>
<td>6.5K</td>
<td style="text-align: right;">211</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.85</td>
<td>$6.7</td>
<td>$6.78</td>
<td>$160.00</td>
<td>$64.5K</td>
<td>7.0K</td>
<td style="text-align: right;">41</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.8</td>
<td>$6.65</td>
<td>$6.74</td>
<td>$160.00</td>
<td>$64.0K</td>
<td>7.0K</td>
<td style="text-align: right;">359</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$6.7</td>
<td>$6.6</td>
<td>$6.37</td>
<td>$160.00</td>
<td>$63.0K</td>
<td>7.0K</td>
<td style="text-align: right;">541</td>
</tr>
<tr>
<td>CVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$6.7</td>
<td>$6.6</td>
<td>$6.64</td>
<td>$160.00</td>
<td>$62.8K</td>
<td>7.0K</td>
<td style="text-align: right;">784</td>
</tr>
</tbody>
</table>

<h3>About Chevron</h3>
Chevron is an integrated energy company with exploration, production, and refining operations worldwide. It is the second-largest oil company in the United States with production of 3.1 million of barrels of oil equivalent a day, including 7.7 million cubic feet a day of natural gas and 1.8 million of barrels of liquids a day. Production activities take place in North America, South America, Europe, Africa, Asia, and Australia. Its refineries are in the US and Asia for total refining capacity of 1.8 million barrels of oil a day. Proven reserves at year-end 2023 stood at 11.1 billion barrels of oil equivalent, including 6.0 billion barrels of liquids and 30.4 trillion cubic feet of natural gas.
Having examined the options trading patterns of Chevron, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Chevron's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,581,912, the CVX's price is down by -0.22%, now at $156.64. </li>
<li>RSI readings suggest the stock is currently may be approaching oversold.</li>
<li>Anticipated earnings release is in 10 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 Chevron options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

What the Options Market Tells Us About Chevron

Financial giants have made a conspicuous bearish move on Dell Technologies. Our analysis of options history for Dell Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>) revealed 25 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 56% showed bearish tendencies. Out of all the trades we spotted, 19 were puts, with a value of $1,728,942, and 6 were calls, valued at $245,201.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $85.0 to $230.0 for Dell Technologies over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Dell Technologies'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 Dell Technologies's whale trades within a strike price range from $85.0 to $230.0 in the last 30 days. 
<h3>Dell Technologies Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721748803_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$4.7</td>
<td>$4.4</td>
<td>$4.58</td>
<td>$85.00</td>
<td>$458.0K</td>
<td style="text-align: right;">504</td>
<td>1.0K</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$26.3</td>
<td>$25.9</td>
<td>$25.9</td>
<td>$152.50</td>
<td>$259.0K</td>
<td style="text-align: right;">379</td>
<td>101</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$23.1</td>
<td>$22.4</td>
<td>$23.1</td>
<td>$150.00</td>
<td>$231.0K</td>
<td style="text-align: right;">19</td>
<td>100</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$102.9</td>
<td>$101.1</td>
<td>$102.9</td>
<td>$230.00</td>
<td>$144.0K</td>
<td style="text-align: right;">14</td>
<td>0</td>
</tr>
<tr>
<td>DELL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$23.1</td>
<td>$22.9</td>
<td>$23.1</td>
<td>$150.00</td>
<td>$85.5K</td>
<td style="text-align: right;">535</td>
<td>79</td>
</tr>
</tbody>
</table>

<h3>About Dell Technologies</h3>
Dell Technologies is a broad information technology vendor, primarily supplying hardware to enterprises. It is focused on premium personal computers and enterprise on-premises data center hardware. It holds top-three shares in its core markets of personal computers, peripheral displays, mainstream servers, and external storage. Dell is vertically integrated but has a robust ecosystem of component and assembly partners, and also relies heavily on channel partners to fulfill its sales.
Following our analysis of the options activities associated with Dell Technologies, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Dell Technologies</h3>
<ul>
<li>With a trading volume of 2,360,514, the price of DELL is down by -0.71%, reaching $127.38.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 37 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Dell Technologies</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $165.0.
<ul>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Dell Technologies, targeting a price of $165. </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 Dell Technologies options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

DELL

Dell Technologies Options Trading: A Deep Dive into Market Sentiment

Investors with a lot of money to spend have taken a bearish stance on Cleanspark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with CLSK, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 20 uncommon options trades for Cleanspark.
This isn't normal.
The overall sentiment of these big-money traders is split between 40% bullish and 50%, bearish.
Out of all of the special options we uncovered, 3 are puts, for a total amount of $155,075, and 17 are calls, for a total amount of $786,619.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $15.0 to $30.0 for Cleanspark over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Cleanspark options trades today is 5536.53 with a total volume of 19,065.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cleanspark's big money trades within a strike price range of $15.0 to $30.0 over the last 30 days.
<h3>Cleanspark 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721748798_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>CLSK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$2.59</td>
<td>$2.46</td>
<td>$2.5</td>
<td>$17.00</td>
<td>$125.0K</td>
<td>1.9K</td>
<td>576</td>
</tr>
<tr>
<td>CLSK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/30/24</td>
<td>$4.0</td>
<td>$3.65</td>
<td>$4.0</td>
<td>$20.00</td>
<td>$80.0K</td>
<td>26</td>
<td>200</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$1.8</td>
<td>$1.76</td>
<td>$1.8</td>
<td>$17.00</td>
<td>$70.0K</td>
<td>1.4K</td>
<td>1.2K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$0.49</td>
<td>$0.45</td>
<td>$0.45</td>
<td>$30.00</td>
<td>$67.0K</td>
<td>28.1K</td>
<td>3.8K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$0.49</td>
<td>$0.45</td>
<td>$0.45</td>
<td>$30.00</td>
<td>$60.8K</td>
<td>28.1K</td>
<td>2.3K</td>
</tr>
</tbody>
</table>

<h3>About Cleanspark</h3>
Cleanspark Inc is a bitcoin mining company. Through CleanSpark, Inc., and the Company's wholly owned subsidiaries, the company mines bitcoin. The company entered the bitcoin mining industry through its acquisition of ATL. Bitcoin mining is the sole reportable segment of the company.
After a thorough review of the options trading surrounding Cleanspark, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Cleanspark's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 15,807,578, the CLSK's price is up by 1.88%, now at $18.47. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 15 days.</li>
</ul>
<h3>Expert Opinions on Cleanspark</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $27.5.
<ul>
<li>In a cautious move, an analyst from HC Wainwright &amp; Co. downgraded its rating to Buy, setting a price target of $27. </li>
<li>Maintaining their stance, an analyst from Cantor Fitzgerald continues to hold a Overweight rating for Cleanspark, targeting a price of $28. </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 Cleanspark with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

CLSK

A Closer Look at Cleanspark's Options Market Dynamics

Craig-Hallum analyst George Sutton maintains Agilysys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGYS#NASDAQ">AGYS</a>) with a Buy and raises the price target from $105 to $125.

News

Price Target

AGYS

Craig-Hallum Maintains Buy on Agilysys, Raises Price Target to $125

Stock Split

SNES

SenesTech To Effect 1-for-10 Reverse Stock Split; Common Stock To Begin Trading On Split-Adjusted Basis On July 25, 2024

Home Depot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HD#NYSE">HD</a>) has outperformed the market over the past 10 years by 5.18% on an annualized basis producing an average annual return of 16.12%. Currently, Home Depot has a market capitalization of $357.93 billion. 
Buying $1000 In HD: If an investor had bought $1000 of HD stock 10 years ago, it would be worth $4,452.36 today based on a price of $360.95 for HD at the time of writing.
<h3>Home Depot's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721748618_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

Here's How Much $1000 Invested In Home Depot 10 Years Ago Would Be Worth Today

Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) has outperformed the market over the past 5 years by 22.14% on an annualized basis producing an average annual return of 35.18%. Currently, Palo Alto Networks has a market capitalization of $109.93 billion. 
Buying $100 In PANW: If an investor had bought $100 of PANW stock 5 years ago, it would be worth $448.64 today based on a price of $339.51 for PANW at the time of writing.
<h3>Palo Alto Networks's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721748613_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PANW

Here's How Much You Would Have Made Owning Palo Alto Networks Stock In The Last 5 Years

Barrington Research analyst James Goss maintains Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) with a Outperform and maintains $12 price target.

Barrington Research Maintains Outperform on Warner Bros. Discovery, Maintains $12 Price Target

WIIM

Webster Financial shares are trading lower after the company reported worse-than-expected Q2 financial results.

Wedbush analyst David Chiaverini maintains Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) with a Outperform and raises the price target from $44 to $50.

CATY

Wedbush Maintains Outperform on Cathay General, Raises Price Target to $50

Barrington Research analyst James Goss maintains Nexstar Media Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXST#NASDAQ">NXST</a>) with a Outperform and maintains $200 price target.

NXST

Barrington Research Maintains Outperform on Nexstar Media Gr, Maintains $200 Price Target

Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) will release its financial results for the second quarter, after the closing <a href="https://www.benzinga.com/quote/TSLA/earnings">bell on Tuesday, July 23</a>.
Analysts expect the Austin, Texas-based company to report quarterly earnings at 62 cents per share, down from 91 cents per share in the year-ago period. Tesla is expected to post revenue of $24.77 billion, compared to $24.93 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Canada recently granted the EV maker approval to use its steel-by-wire system in the country as required for testing. The technology, which does not meet the country's specification for minimum steering angle, is only available on the company's Cybertruck and not on any of its other offerings.
Tesla shares gained 5.2% to close at $251.51 on Monday.
Benzinga readers can access the latest analyst ratings on the<a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Mizuho analyst Vijay Rakesh maintained a Neutral rating and raised the price target from $180 to $230 on July 12. This analyst has an accuracy rate of 78%.</li>
<li>Wedbush analyst Daniel Ives reiterated an Outperform rating with a price target of $300 on July 11. This analyst has an accuracy rate of 76%.</li>
<li>Goldman Sachs analyst Mark Delaney maintained a Neutral rating and boosted the price target from $175 to $248 on July 10. This analyst has an accuracy rate of 73%.</li>
<li>Truist Securities analyst William Stein maintained a Hold rating with a price target of $162 on July 3. This analyst has an accuracy rate of 88%.</li>
<li>New Street Research analyst Pierre Ferragu maintained a Buy rating with a price target of $235 on June 25. This analyst has an accuracy rate of 78%.</li>
</ul>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39881674/top-4-tech-stocks-that-may-explode-in-july">Top 4 Tech Stocks That May Explode In July</a></li>
</ul>

Earnings

TSLA

Tesla Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Herc Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) reported second-quarter FY24 sales growth of 6% year-on-year to $848 million, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/b39901322/herc-holdings-reports-first-half-2024-results-and-reaffirms-2024-full-year-guidance" rel="noreferrer noopener">beating the analyst consensus estimate of $832.02 million.</a>
The revenue growth was due to an increase in equipment rental revenue of $63 million, reflecting positive pricing of 3.5% and increased volume of 6.4%.
Total expenses for the quarter increased 8% to $755 million. Adjusted EBITDA increased 2%, with the adjusted EBITDA margin compressing to 42.5%.
Adjusted EPS of $2.60 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missed the analyst consensus estimate of $2.91</a>.
Herc held $70 million in cash and equivalents as of June-end, with a total fleet of approximately $6.7 billion at OEC.&nbsp;
Operating cash flow for six months totaled $558 million, and the free cash flow was $148 million.
&#8220;Overall, our record&nbsp;second quarter&nbsp;revenue results came in according to our expectations. However, while national mega projects are on plan, we saw a greater deceleration in the local market&#8217;s growth trajectory versus our forecast, primarily driven by the persistently higher interest-rate environment,&#8221; said President and CEO Larry Silber.
Outlook Reaffirmed: Herc affirmed its FY24 equipment rental revenue growth guidance of 7% &#8211; 10% and adjusted EBITDA of $1.55 billion &#8211; $1.60 billion.
Price Action: HRI shares are trading higher by 2.20% at $147.44 on the last check Tuesday.

Equities

Guidance

General

Equipment Rental Firm Herc Posts Mixed Q2 Results As Local Market Growth Slows

Truist Securities analyst Joel Fishbein maintains CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) with a Buy and lowers the price target from $400 to $325.

CRWD

Truist Securities Maintains Buy on CrowdStrike Holdings, Lowers Price Target to $325

Wedbush analyst David Chiaverini maintains Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) with a Neutral and raises the price target from $46 to $52.

ZION

Wedbush Maintains Neutral on Zions Bancorp, Raises Price Target to $52

Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) is introducing free overseas shipping on apparel orders through its flagship retail platform, Taobao, in a strategic move to compete with cross-border e-commerce rivals PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) Temu and Shein.
The program will start on August 3 and initially target shoppers in Singapore, Malaysia, South Korea, Taiwan, Hong Kong, and Macao, Nikkei Asia <a target="_blank" href="https://asia.nikkei.com/Business/Retail/Alibaba-s-Taobao-takes-on-Temu-Shein-with-free-overseas-shipping#:~:text=Alibaba's%20Taobao%20takes%20on%20Temu%2C%20Shein%20with%20free%20overseas%20shipping,-Chinese%20platform%20aims&amp;text=HONG%20KONG%20%2D%2D%20Taobao%2C%20the,commerce%20rivals%20Temu%20and%20Shein." rel="noreferrer noopener">reports</a>.
Taobao plans to expand the program to additional Asian markets by the end of the year and is actively encouraging more merchants to participate.
Also Read: <a target="_blank" href="https://www.benzinga.com/government/24/07/39878618/whats-going-on-with-alibaba-and-other-chinese-stocks-on-monday" rel="noreferrer noopener">Chinese Stocks Rise as Central Bank Cuts Interest Rates to Stimulate Growth</a>
A senior manager at the company described the initiative as Taobao&#8217;s most strategic change this year.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23035130/newplot-1-12.png" alt="" class="wp-image-450458" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23035130/newplot-1-12.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23035130/newplot-1-12-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
It aims to address high return rates for apparel, particularly women&#8217;s clothing ordered during live-streaming events.
The new program will cover return costs, with items sent back to Taobao&#8217;s overseas warehouses, reducing the risk for sellers.
&#8220;Intense competition across various industries in China has resulted in low-profit margins for businesses, so we are helping some of the top-notch merchants on Taobao to explore overseas markets,&#8221; the senior manager said.
Taobao will subsidize shipping costs, requiring merchants to ship items only to Taobao&#8217;s warehouse in China. Alibaba&#8217;s logistics arm, Cainiao, will handle the remaining logistics.
Alibaba has lost nearly 21% in the last 12 months as it battled domestic e-commerce rivalry and strives to accomplish its artificial intelligence ambitions amid <a target="_blank" href="https://www.benzinga.com/government/24/07/39810709/whats-going-on-with-alibaba-and-peer-chinese-stocks-on-wednesday" rel="noreferrer noopener">U.S. sanctions on</a> China&#8217;s access to advanced semiconductor technologies.
Price Action: BABA shares were trading lower by 0.89% at $75.96 at the last check on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by BEAUTY STUDIO via Shutterstock

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Wedbush analyst David Chiaverini maintains BOK Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOKF#NASDAQ">BOKF</a>) with a Neutral and raises the price target from $94 to $115.

BOKF

Wedbush Maintains Neutral on BOK Financial, Raises Price Target to $115

Ahead of second-quarter financial results, a Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) analyst says investors aren't focused on earnings, but rather what comes next <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39892255/tesla-q2-earnings-preview-analyst-estimates-key-items-to-watch-can-major-turning-po">after Tuesday's report.</a>
The Tesla Analyst: Guggenheim analyst Ronald Jewsikow reiterated a Sell rating on Tesla and $134 price target.
The Analyst Takeaways: Investors will be focused on what comes next for Tesla and not the past earnings, Jewsikow said.
Read Also:&nbsp;<a href="https://www.benzinga.com/exclusives/24/07/39886192/exclusive-tesla-an-elon-musk-and-a-technology-story-first-ev-story-last-market-strategist-explains-w" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Tesla ‘An Elon Musk And A Technology Story First, EV Story Last' — Market Strategist Explains Why To Buy The Stock</a>
The analyst said Tesla delaying the robotaxi event from Aug. 8 will be top of mind for investors.
"With the planned 8/8 event now formally delayed, investors will look for color on the new timeline, what to expect at the event and more details on the delay," Jewsikow said.
The delay in the Robotaxi event has led to investors seeing the segment as less actionable, according to the report.
The analyst said 2024 volume guidance could also be a key item to watch in the earnings report.
"We don't believe guiding for y/y volume growth is realistic, but we do not see CEO Elon Musk indicating negative volume growth as his forecast."
China and market share in the country could also be a key focus in the earnings report, the analyst said.
"How does TSLA return to growth with so much competitively priced product in China?"
The analyst expects Tesla to beat earnings per share estimates and miss on automotive gross margins (ex-credits) due to "large discounting actions."
Jewsikow currently ascribes no value to robotaxis, robots, artificial intelligence or insurance when forecasting a price target on Tesla.
TSLA Price Action: Tesla shares are down 1% to $249.25 on Tuesday versus a 52-week trading range of $138.80 to $278.98. Tesla stock is up 0.3% year-to-date in 2024, after gaining over 30% in the past month, as seen on the<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1"> Benzinga Pro chart</a> below.
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072324&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="500" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23103257/Screenshot-78.png" alt="" class="wp-image-451622" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23103257/Screenshot-78.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23103257/Screenshot-78-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/23103257/Screenshot-78-768x385.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
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Benzinga's Top Upgrades, Downgrades For September 3, 2019

Bernstein upgrades China Tower (OTC:<a class="ticker" href="/stock/CHWRF#OTC">CHWRF</a>) from Market Perform to Outperform.

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China Tower Corp

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Tuesday, September 03, 2019