Option chain shows key data for CMGE Technology Group's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for CMGE Technology Group.

CMGE Technology Group (OTC:CMGEF) Stock, Option Chain

CMGE, a mobile game developer and publisher based in China, derived approximately 8% of its 2023 revenue from its self-developed games. The majority, 82%, came from publishing games developed by other companies with the remaining 10% generated through licensing agreements. The company reported an average of 17 million monthly active users in 2023. We estimate that CMGE holds about 1% of the market share in China's online gaming industry.

Asia

Gaming

Markets

Tech

General

CMGEF

Key Takeaways:


	CMGE Technology announced it was buying the international rights to the game “The Legend of Sword and Fairy” from Taiwan’s Softstar Entertainment
	The Chinese gaming company looks to be speeding up an overseas push to offset intense competition in its home market


By Fai Pui

CMGE Makes A Global Play With Chinese-Themed Video Games

Penny Stocks

Small Cap

HUYA

NTES

Key Takeaways:


	CMGE said it has formed a partnership with Guangzhou Chaojing Investment aimed at tapping the latter’s strong position in e-sports
	CMGE’s shares rose 3.2% on the news and have rallied 30% in the past week on renewed investors interest in the gaming sector after a prolonged crackdown that is now easing




CMGE Turns Its Game To e-Sports With New Tie-Up

CMGE TECHNOLOGIES GROUP by CMGE TECHNOLOGIES GROUP.

CMGE Technology Group Ltd

Former CFTC Chairman Chris Giancarlo <a href="https://www.benzinga.com/government/regulations/24/11/42206456/trump-administration-to-reportedly-let-cftc-regulate-bitcoin-ethereum-spot-market-is-the-sec-set-to-lose-its-grip-over-crypto">has expressed strong support</a> for the Commodity Futures Trading Commission (CFTC) taking on a larger role in regulating cryptocurrencies like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: "With adequate funding and under the right leadership, I think the CFTC could hit the ground running to begin regulating digital commodities on day one of Donald Trump's presidency," Giancarlo <a href="https://www.foxbusiness.com/markets/trump-admin-eyes-cftc-lead-digital-asset-regulation">told</a> FOX Business on Tuesday.
He added that the CFTC's lighter regulatory approach, compared to the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">SEC's enforcement-heavy stance</a>, would encourage innovation while protecting market integrity.
The CFTC currently oversees the $20 trillion U.S. derivatives market, which includes futures and options trading. 
However, it lacks clear jurisdiction over cryptocurrency spot markets, where digital assets are bought and sold directly. 
Under the Trump administration's proposal, the CFTC would gain oversight of these markets and the exchanges that facilitate trading, providing long-awaited regulatory clarity for the industry.
Giancarlo, often referred to as "Crypto Dad" for his pro-digital asset stance, has long championed the CFTC's involvement in crypto. 
During his tenure, the agency recognized Bitcoin as a commodity in 2015 and approved Bitcoin futures trading. He believes expanding the CFTC's role would align with the agency's experience in handling complex financial markets. 
"The CFTC has a proven track record in overseeing derivatives markets dominated by sophisticated institutional players," Giancarlo said. 
"We are well-equipped to handle digital commodities like Bitcoin and Ethereum."
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42198909/trump-linked-crypto-platform-world-liberty-financial-appoints-justin-sun-as-advisor-after-30-million-investment">Trump-Linked Crypto Platform World Liberty Financial Appoints Justin Sun As Advisor After $30 Million Investment</a>
Why It Matters: Critics, however, caution that giving the CFTC broader authority could create challenges.
Some fear regulatory spillover into traditional commodities like agriculture and oil, which fall under the purview of other agencies. 
Additionally, the CFTC's $400 million budget and 700-person staff are dwarfed by the SEC's $2.4 billion budget and 5,300 employees, raising concerns about resource constraints. 
Giancarlo acknowledged these concerns but emphasized that additional funding from Congress would be necessary to ensure the agency's effectiveness. 
"We must address funding and staffing challenges if the CFTC is to meet the demands of a rapidly evolving crypto market," he said.
The push for CFTC oversight comes as the crypto industry increasingly criticizes the SEC's regulatory approach under <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">outgoing chairman</a> Gary Gensler.
Gensler's tenure has been marked by aggressive enforcement actions, which many in the industry view as stifling innovation.
In contrast, the CFTC is seen as more industry-friendly, with Giancarlo noting, "A pro-innovation agenda is crucial for maintaining U.S. leadership in the global digital asset space."
Giancarlo is also being considered for a new role as "crypto czar" in the Trump administration, where he could oversee cryptocurrency policy and potentially establish <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114875/coinbase-ceo-brian-armstrong-stands-out-as-candidate-for-donald-trumps-reported-crypto-czar-position-cardano-co-founder-says">an industry advisory council</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42216782/long-term-bitcoin-holders-lock-in-202-billion-in-daily-realized-profits-setting-a-new-record">Long-Term Bitcoin Holders Locking In $2.02 Billion In Daily Realized Profits, Setting A New Record</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

News

$BTC

$ETH

'Crypto Dad' Chris Giancarlo Advocates For Passing Crypto Regulation From The SEC To Another Commission — Here's Why

SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) shares are trading higher. The company announced plans to cease all activities of its energy storage division and reduce its workforce by about 500 employees. Here&#8217;s what you <a href="https://www.benzinga.com//node/42215870">need to know</a>.
What To Know: In a new press release Wednesday, SolarEdge stated it was shutting down its energy storage division to prioritize its solar operations. The move will result in a workforce reduction of approximately 500 employees, largely located in South Korea.
The closure is expected to result in quarterly operating expense savings of approximately $7.5 million, with full savings anticipated to be realized by the second half of 2025. In addition, the company plans to sell assets related to its storage division, including manufacturing facilities for battery cells and packs.
&#8220;The decision to close our Energy Storage division was the result of a thoughtful analysis of our portfolio of businesses and product lines, industry trends, and the competitive environment,&#8221; said interim CEO Ronen Faier.
&#8220;The measures also represent continued execution of two of our main priorities: financial stability through cost reduction, return to cash flow positivity and profitability; and focus on our core business lines of solar, PV-attached storage and energy management capabilities. I wish to thank our Energy Storage division employees for all of their efforts in building this business.&#8221;
See Also: <a href="https://www.benzinga.com/insights/options/24/11/42219305/this-is-what-whales-are-betting-on-zscaler">This Is What Whales Are Betting On Zscaler</a>
SEDG Price Action: At the time of writing, SolarEdge stock was up 8.69% at $14.88, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: via Pixabay

Global

Movers

SEDG

What's Going On With SolarEdge Technologies Stock Wednesday?

Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>) reported better-than-expected first-quarter <a href="https://www.benzinga.com/quote/NTNX/earnings">financial results on Tuesday</a>.
Nutanix reported quarterly earnings of 42 cents per share which beat the analyst consensus estimate of 31 cents per share. The company reported quarterly sales of $590.96 million which beat the analyst consensus estimate of $571.78 million.
&#8220;During our first quarter we delivered outperformance across our guided metrics,&#8221; said Rajiv Ramaswami, President and CEO of Nutanix. &#8220;We also continued to bring innovations to the market supporting our vision of becoming the leading platform for running apps and managing data, anywhere, while strengthening our partner ecosystem.&#8221;
Nutanix said it sees FY25 revenue of $2.435 billion to $2.465 billion, non-GAAP operating margin of 16% to 17% and free cash flow of $560 million to $610 million.
Nutanix shares fell 7.4% to trade at $66.99 on Wednesday.
These analysts made changes to their price targets on Nutanix following earnings announcement.
Needham analyst Mike Cikos maintained Nutanix with a Buy and raised the price target from $80 to $90..
<ul>
<li>Northland Capital Markets analyst Nehal Chokshi reiterated Nutanix with a Market Perform and raised the price target from $74 to $77.</li>
<li>Barclays analyst Tim Long maintained the stock with an Overweight and increased the price target from $75 to $87.</li>
<li>Morgan Stanley analyst Meta Marshall maintained Nutanix with an Overweight and raised the price target from $72 to $78.</li>
<li>Piper Sandler analyst James Fish maintained Nutanix with an Overweight and raised the price target from $77 to $83.</li>
<li>Wells Fargo analyst Aaron Rakers maintained the stock with an Equal-Weight and raised the price target from $60 to $75.</li>
</ul>
Considering buying NTNX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="599" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27134551/image-298-1024x599.png" alt="" class="wp-image-668054" style="width:526px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27134551/image-298-1024x599.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27134551/image-298-300x176.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27134551/image-298-768x449.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27134551/image-298.png 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42213467/urban-outfitters-to-rally-around-47-here-are-10-top-analyst-forecasts-for-wednesday">Urban Outfitters To Rally Around 47%? Here Are 10 Top Analyst Forecasts For Wednesday</a></li>
</ul>

Earnings

Price Target

Analyst Ratings

Trading Ideas

NTNX

Nutanix Analysts Boost Their Forecasts After Upbeat Earnings

Global markets faced turbulence by midday Wednesday as an unwinding of yen-dollar carry trades drove sharp losses in U.S. equities, with the tech-heavy Nasdaq 100 falling <a href="https://www.benzinga.com/markets">1.2% in intraday trading.</a>
Rising expectations that the Bank of Japan may raise interest rates in December pushed the dollar-yen pair down by 1.5%, marking its steepest drop since late September. This triggered a wave of &#8220;risk-off&#8221; sentiment, pressuring major indices.
The S&amp;P 500 dipped 0.5% by midday, on track to snap a seven-day winning streak, while small caps in the Russell 2000 remained relatively steady. Treasury yields fell significantly as fresh economic data failed to stoke concerns about an imminent change in the Federal Reserve's interest rate path.
The U.S. economy expanded at an annualized 2.8% in the third quarter, according to a second estimate that matched earlier print. October's Personal Consumption Expenditures (PCE) price index, the Fed&#8217;s preferred inflation gauge, also came in line with forecasts, <a href="https://www.benzinga.com/news/global/24/11/42220106/dollar-treasury-yields-stocks-fall-in-tandem-after-october-inflation-uptick">showing a modest uptick.</a>
Traders continue to bet on easier monetary policy, with Fed funds futures pricing in a 70% probability of a 25-basis-point rate cut at the Dec. 18 meeting.
In commodities market, gold inched up by 0.2%, while oil prices fell by 1% to $68 a barrel, heading for a three-day decline. Natural gas plummeted 7%, amid less cold weather forecasts reducing the outlook for heating demand.
Meanwhile, cryptocurrencies reversed their recent losing streak. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rallied nearly 5% to above $96,000, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) surged more than 7%, hitting price levels last seen in late June 2024.
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>Chg %</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,424.01</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,747.65</td>
<td>-0.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,994.06</td>
<td>-0.5%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,682.38</td>
<td>-1.2%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:00 p.m. EST</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent112524&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged 0.4% lower to $598.35.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.2% to $448.13.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.1% to $503.71.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.1% up to $241.01.</li>
<li>The&nbsp;Real Estate Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, rising 1%. The&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.9%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Semiconductor stocks, as tracked by the iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>), witnessed broad-based declines amid rising trade tensions between U.S. and China following Donald Trump&#8217;s pledge to raise tariffs. Micron Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) were among the weakest performers, with drops of about 4.4%.</li>
<li>Crypto-linked stocks rebounded after sharp drops witnessed a day earlier. Shares of Bit Digital Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) were up 16%, while Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) were up by 9% and 6%, respectively. </li>
<li>Dell Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NASDAQ">DELL</a>) tumbled by over 11% in reaction to earnings. </li>
<li>Other stocks reacting to quarterly results were Crowdstrike Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), down 5.1%; Workday Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>), down 5.2%; Autodesk Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>), down 8%; HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>), down 12% and Nutanix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>), down over 6%.</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42219612/usmexico-trade-tensions-escalate-as-mexican-peso-hits-august-2022-lows-why-is-auto-industry-most-at-risk">US–Mexico Trade Tensions Escalate As Mexican Peso Hits August 2022 Lows: Why Is Auto Industry Most At Risk?</a></li>
</ul>
Photo: Shutterstock

Large Cap

Sector ETFs

Broad U.S. Equity ETFs

Commodities

Forex

Econ #s

Federal Reserve

ETFs

ADSK

BTBT

CRWD

DELL

SPDR Dow Jones Industrial Average ETF Trust

MARA

MRVL

RIOT

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

WDAY

XLRE

Stocks Fall, Yen Eyes Best Day In 2 Months, Bitcoin Rebounds Above $96,000: What's Driving Markets Wednesday?

Las Vegas Sands's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) short percent of float has risen 20.35% since its last report. The company recently reported that it has 21.04 million shares sold short, which is 5.56% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.18 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Las Vegas Sands Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732733122_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Las Vegas Sands has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Las Vegas Sands's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Las Vegas Sands's peer group average for short interest as a percentage of float is 4.91%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

(LVS) - Analyzing Las Vegas Sands's Short Interest

Hyatt Hotels's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) short percent of float has fallen 5.42% since its last report. The company recently reported that it has 4.26 million shares sold short, which is 12.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.3 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hyatt Hotels Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732733117_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hyatt Hotels has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Hyatt Hotels's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hyatt Hotels's peer group average for short interest as a percentage of float is 5.91%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Hyatt Hotels's Recent Short Interest

Hologic's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOLX#NYSE">HOLX</a>) short percent of float has fallen 5.41% since its last report. The company recently reported that it has 4.59 million shares sold short, which is 2.97% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.31 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Hologic Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732733111_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hologic has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Hologic's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hologic's peer group average for short interest as a percentage of float is 3.96%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

HOLX

Peering Into Hologic's Recent Short Interest

Iris Energy Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) released results for the first quarter on Tuesday.
Iris reported first-quarter Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining revenue of $49.6 million. The company reported a 28% increase in AI Cloud Services revenue quarter-over-quarter to $3.2 million.
Adjusted EBITDA was $2.6 million in the quarter. The company said it mined 813 bitcoin in the period and ended the quarter with $98.6 million in cash and cash equivalents. Iris noted that it had $182.4 million in cash as of Oct. 31.
"We are pleased to report our Q1 FY25 results and reiterate our focus on low-cost Bitcoin mining, operating cashflows and shareholder returns," said Daniel Roberts, co-founder and co-CEO of Iris Energy. "We are just weeks away from achieving our 31 EH/s milestone and are excited to announce the acceleration of our growth trajectory to 50 EH/s in H1 2025, which was previously H2 2025."
Iris Energy shares gained 29.1% to trade at $12.34 on Wednesday.
These analysts made changes to their price targets on Iris Energy following earnings announcement.
<ul>
<li>HC Wainwright &amp; Co. analyst Mike Colonnese maintained Iris Energy with a Buy and raised the price target from $13 to $16.</li>
<li>Canaccord Genuity analyst Joseph Vafi maintained Iris Energy with a Buy and raised the price target from $15 to $17.</li>
<li>Cantor Fitzgerald analyst Brett Knoblauch maintained the stock with an Overweight and boosted the price target from $20 to $23.</li>
</ul>
Considering buying IREN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="590" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131618/image-296-1024x590.png" alt="" class="wp-image-667988" style="width:547px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131618/image-296-1024x590.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131618/image-296-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131618/image-296-768x442.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27131618/image-296.png 1103w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li> <a href="https://www.benzinga.com/24/11/42213467/urban-outfitters-to-rally-around-47-here-are-10-top-analyst-forecasts-for-wednesday">Urban Outfitters To Rally Around 47%? Here Are 10 Top Analyst Forecasts For Wednesday</a></li>
</ul>

IREN

These Analysts Boost Their Forecasts On Iris Energy Following Q1 Results

Contracts

GRFS

Grifols Held An Extraordinary Meeting This Afternoon, During Which The Content Of A Letter Sent By Brookfield Capital Partners To The Transaction Committee Of The Board Of Directors Was Reviewed, Saying Under The Current Circumstances, Brookfield Is Not In A Position To Proceed With A Potential Offer For Grifols; Board Agrees That It Is Not Feasible For The Transaction To Move Forward

On November 19 this year, C3.ai Inc. ($AI) stock got a massive boost as the company formed a strategic alliance with Microsoft ($MSFT) to increase the adoption of AI. The response was fast and furious, with AI gaining +26% on the day and +50% over the next 5 sessions hitting a peak just shy of $40. However, the bullish hue has soured a bit pulling back the last 3 sessions and dropping 10%.
We're going to examine whether the bull run is over and how to trade it using our PFP system (positioning, flows and price action).
<h2 class="wp-block-heading">Options Positioning in $AI</h2>
Looking at the options positioning in the ticker, our proprietary apps tell me we have about 25% of the notional gamma coming off the board this Friday and another large chunk for the December options expiration (op-ex). With three out of every five options being a call, we have to assume there are more calls coming off the board than puts.
This leaves the stock weakening in the short term, and so this current pullback seems warranted.
However, the topping around $40 seems natural from a positioning standpoint as this is the TCS (top call strike), so I suspect profit taking and the culling of long calls is the main culprit behind this pullback.
The TGS (top gamma strike) is at $35, so I wouldn't be surprised to see the stock start to stick around the $35 strike to end the week. As long as we hold $30, we retain a bullish hue on the stock and will look to buy dips. Thus, positioning wise, I'm still bullish and looking to buy, despite the 10% pullback targeting $40/41 for the December op-ex.
Only on a daily close under $30 would I shift to bearish.
<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout-black-friday-24/?utm_source=WebRD-1127">[Get the Market&#8217;s Fastest-Growing Stocks for 75% Off]</a>
<h2 class="wp-block-heading">Price Action in $AI</h2>
In alignment with the positioning, if we look at the chart below, we can see there are three impulsive moves in response to the partnership news with Microsoft showing a high imbalance with the bulls.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27133929/AI_2024-11-27_10-36-05-1024x502.png" alt="" class="wp-image-668034" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27133929/AI_2024-11-27_10-36-05-1024x502.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27133929/AI_2024-11-27_10-36-05-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27133929/AI_2024-11-27_10-36-05-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27133929/AI_2024-11-27_10-36-05-1536x753.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27133929/AI_2024-11-27_10-36-05.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
1-hour $AI chart
The pullback over the last three sessions has been ‘corrective' which suggests a low imbalance of put buying and/or call selling. This means the overall price action is communicating the flows are still more likely to be bullish if they come in with size/verve.
Hence, the overall price action is still leaning bullish.
<h2 class="wp-block-heading">Flows in $AI</h2>
While the flows on the day are a mild amount of call selling and an even milder amount of put buying, these notional deltas are nowhere near pushing ‘impulsive/aggressive', thus overall the flows (while mildly bearish in the last 3 sessions), we suspect this is part holidays and part profit taking with no aggression to the downside.
Until I see real verve in the selling/put buying, the overall flows are leaning bullish over a medium term, thus we're retaining a bullish contour on the stock.
<h2 class="wp-block-heading">How We're Trading $AI</h2>
We're looking to buy dips in $AI targeting $40 for the Dec op-ex and perhaps $45 for the Jan op-ex. In terms of where we are buying $AI, that will depend upon the PFP, but I'll consider the TGS or TPS/BBP to get long.
I'll share our live trade in real time with our members of the <a href="https://www.benzinga.com/premium/ideas/benzinga-options-school-webinar">Benzinga Option School</a> or <a href="https://www.benzinga.com/premium/ideas/trading-waves-997-offer/">Trading Waves</a>, which you can join now for the Black Friday special. I hope to see you there soon – and happy Thanksgiving!
Unlock daily trade setups, insider stock picks, and real-time alerts with Benzinga Edge. Don't wait—<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout-black-friday-24/?utm_source=WebRD-1127">our Black Friday sale is live now for the lowest price of the season!</a>

Opinion

This Tiny AI Stock Is Up 50% In 5 Days – And You Should Still Buy It

Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) stock is moving lower on Wednesday after the company reported 2025 fiscal-year third quarter earnings on Tuesday <a href="https://www.benzinga.com//node/42202858">after the bell</a>.
The Details: Workday shares fell approximately 10% after the company released earnings on Tuesday and shares continue to fall headed into Wednesday. The company reported earnings, including adjusted earnings per share of $1.89, beating analyst estimates of $1.76.
Furthermore, the company reported sales of $2.16 billion, beating analyst estimates of $2.12 billion.
The company reported other key pieces of financial data as well. Workday reported 12-month subscription revenue backlog of $6.98 billion and total subscription revenue backlog of $22.19 billion. It reported free cash flows of $359 million and operating cash flows of $406 million.
Workday issued guidance for the 2025 fiscal-year fourth quarter. It anticipates subscription revenue of $2.02 billion. Additionally, the company revised its 2025 fiscal-year subscription revenue outlook, reducing it from between $7.70 billion to $7.72 billion to $7.703 billion.
&#8220;Workday&#8217;s solid performance in&nbsp;Q3&nbsp;reflects the trust our customers place in us across industries, the global momentum around our AI-driven innovations, and the strength of our partner ecosystem,&#8221; said&nbsp;Carl Eschenbach, CEO, Workday. 
&#8220;Organizations are increasingly consolidating on the Workday platform to reduce total cost of ownership, simplify their operations, and to unlock the power of our best-in-class AI solutions. Workday gives them the ultimate advantage – and that positions our business for long-term success.&#8221;
Analyst Changes: Following the earnings report, multiple analysts issued price target changes.
<ul>
<li>Piper Sandler analyst Brent Bracelin downgraded Workday from an Overweight rating to a Neutral rating and lowered the price target from&nbsp;$285&nbsp;to&nbsp;$270.</li>
<li>Needham analyst Scott Berg reiterated a Buy rating on Workday and maintained a $300&nbsp;price target.</li>
<li>B of A Securities analyst Brad Sills maintained a Buy rating on Workday and lowered the price target from&nbsp;$310&nbsp;to&nbsp;$285.</li>
<li>Barclays analyst Raimo Lenschow maintained an Overweight rating on Workday and lowered the price target from $314 to $305.</li>
<li>Loop Capital analyst Yun Kim maintained a Hold rating on Workday and lowered the price target from&nbsp;$270&nbsp;to&nbsp;$242.</li>
<li>Morgan Stanley analyst Keith Weiss maintained an Overweight rating on Workday and raised the price target from $315 to $330.</li>
</ul>
Related Link:<a href="https://www.benzinga.com/insights/options/24/11/42217775/intel-unusual-options-activity"> Intel Unusual Options Activity</a>
WDAY Price Action: At the time of publication, Workday stock is trading 4.97% lower at $256.74, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Courtesy of Workday

What's Going On With Workday Shares Wednesday?

<a href="https://www.accessdata.fda.gov/drugsatfda_docs/label/2024/021539s019lbl.pdf">https://www.accessdata.fda.gov/drugsatfda_docs/label/2024/021539s019lbl.pdf</a>
<img src="https://pbs.twimg.com/media/GdaTBB4aIAEjN3e?format=jpg&amp;name=small" alt="Image" />

Biotech

CPIX

Cumberland Pharmaceuticals Gets FDA Approval Of Acetadote, An Antidote To Prevent Or Lessen Hepatic Injury From Acetaminophen Overdose, For Pediatric Patients

HP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) stock traded lower Wednesday after the company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/42203410/hp-stock-drops-after-q4-results-weak-forward-guidance-details" rel="noreferrer noopener">fiscal fourth-quarter</a> financial results and issued fiscal first-quarter adjusted EPS guidance below estimates.
On Tuesday, HP reported revenue of $14.05 billion (versus $13.82 billion a year ago), which beat the analyst consensus estimate of $13.99 billion. The EPS of $0.93 was in line with the analyst consensus estimate.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42209622/apple-faces-modest-growth-as-idc-forecasts-smartphone-market-rebound" rel="noreferrer noopener">Apple Faces Modest Growth As IDC Forecasts Smartphone Market Rebound</a>
HP expects first-quarter adjusted EPS of $0.70 &#8211; $0.76, versus the $0.85 estimate, and fiscal 2025 adjusted EPS of $3.45 &#8211; $3.75, versus the $3.60 estimate.
Multiple Wall Street analysts rerated the stock after the quarterly print.
JP Morgan analyst Samik Chatterjee maintained an Overweight rating on HP with a <a target="_blank" href="https://www.benzinga.com/quote/HPQ/analyst-ratings" rel="noreferrer noopener">price target of $40, down from $41</a>.
Goldman Sachs analyst Michael Ng reiterated a Neutral rating on HP with a price target of $38, up from $35.
JP Morgan: Analyst Chatterjee highlights HP&#8217;s near-term challenges and opportunities in the personal systems (PS) and print segments. Despite known headwinds in the PC market, HP faces additional pressure from competitive pricing as it tries to offset higher memory costs. The company remains optimistic about a mid-single-digit recovery in PC units and increased adoption of AI PCs by enterprise customers in fiscal year 2025, supported by pent-up demand and Windows 11 refresh cycles.
The print segment performed well, generating $4.5 billion, surpassing expectations, while PS revenue came in at $9.6 billion, slightly below consensus. Operating margins were 8.5%, impacted by higher commodity costs and strategic investments.
For fiscal 2025, HP projects full-year revenue growth driven by mid-single-digit increases in PC units and seasonal recovery. However, first-quarter EPS guidance of $0.70 &#8211; $0.76 falls below consensus, reflecting margin pressures and the need for a significant recovery in PC volumes to meet annual targets.
HP&#8217;s print margins improved to 19.6% in the fourth quarter, exceeding internal and external forecasts. Due to cost discipline, the company anticipates print operating margins will remain at the higher end of the 16% &#8211; 19% range in fiscal 2025. Meanwhile, PS margins are expected to climb to the upper half of 5% &#8211; 7%, aided by improved pricing strategies and volume leverage.
Enterprise PC replacement cycles, supported by Windows 10&#8217;s end-of-life in 2025, and increased AI PC adoption are long-term growth drivers. HP&#8217;s supply chain resilience positions it to navigate potential tariff escalations better than peers, ensuring smoother operations.
Chatterjee maintains an Overweight rating on HP, emphasizing medium-term positioning in PS as a key growth driver. Stabilizing gross margins and operating efficiencies are expected to mitigate some margin pressures. The analyst slightly lowered the December 2025 price target, valuing fiscal 2026 EPS at 10x P/E, aligning with historical averages.
HP&#8217;s ability to recover in the PC market and capitalize on enterprise adoption of AI PCs remains critical to achieving long-term targets. While near-term pressures exist, structural improvements in the print and PS segments are expected to provide resilience.
Chatterjee projects first-quarter revenue of $13.47 billion and adjusted EPS of $0.75.
Goldman Sachs: HP delivered fiscal fourth-quarter 2024 EPS of $0.93, aligning with Goldman Sachs (GS) and consensus estimates. Print segment performance offset a modest miss in the Personal Systems (PS) division. Print revenue grew for the first time since fiscal fourth-quarter 2021, increasing 1% to $4.5 billion, surpassing GS and consensus projections of $4.3 billion and $4.2 billion, respectively. This growth stemmed from solid supplies and industrial graphics sales, although pricing pressures persisted.
Print margins reached 19.6%, exceeding guidance and analyst expectations ((GS: 18.5%, XHKG:<a class="ticker" href="https://www.benzinga.com/stock/18#XHKG">18</a>), reflecting a favorable business mix and cost efficiencies. HP expects Print revenue to decline to low single digits (LSD%) in fiscal 2025, aligning with broader market trends, while supply revenue is projected to drop LSD to mid-single digits (MSD%).
In contrast, PS revenue fell to $9.6 billion, missing GS and consensus estimates of $9.8 billion. While consumer PS revenue declined 4%, commercial PS revenue grew 5%, with unit volumes increasing 4%. HP anticipates mid-single-digit (MSD%) growth in the PS segment for fiscal 2025, driven by factors such as Windows 10 end-of-life, a refreshed PC installed base, and the rise of AI PCs, which are expected to comprise 20% of shipments.
HP anticipates more robust performance in the second half of fiscal 2025 as PC demand accelerates, supported by the commercial segment, premium consumer systems, and AI PCs. Commodity cost pressures impacting PS margins are expected to subside in the latter half of the fiscal year, aided by cost reductions and pricing strategies.
Ng remains neutral on HP, raising the 12-month price target based on a 10x P/E multiple. The revised valuation reflects HP&#8217;s market share gains in commercial and premium PC segments. Ng projects first-quarter adjusted EPS of $0.75.
Price Action: HPQ stock is down 12.5% at $34.22 at last check Wednesday.
Also Read:
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<li><a href="https://www.benzinga.com/24/11/42213634/symbotic-stock-plummets-26-after-delayed-filing-and-revenue-errors" target="_blank" rel="noreferrer noopener">Robotics Company Symbotic Stock Plummets Over 30% After Delayed Filing And Revenue Errors &#8211; What&#8217;s Going On?</a></li>
</ul>
Image via Shutterstock.

Analyst Color

Equities

Reiteration

HP Faces Margin Pressure But Analysts See AI PCs Driving Growth In 2025

Interactive Strength's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NYSE">TRNR</a>) short percent of float has fallen 18.73% since its last report. The company recently reported that it has 76 thousand shares sold short, which is 12.24% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Interactive Strength Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732732221_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Interactive Strength has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Interactive Strength's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Interactive Strength's peer group average for short interest as a percentage of float is 4.48%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

TRNR

Looking Into Interactive Strength's Recent Short Interest

Delta Air Lines's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) short percent of float has risen 15.36% since its last report. The company recently reported that it has 35.19 million shares sold short, which is 6.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.21 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Delta Air Lines Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732732216_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Delta Air Lines has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Delta Air Lines's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Delta Air Lines's peer group average for short interest as a percentage of float is 9.02%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Delta Air Lines?

Kratos Defense &amp; Security's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NYSE">KTOS</a>) short percent of float has risen 22.58% since its last report. The company recently reported that it has 3.93 million shares sold short, which is 2.66% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.8 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Kratos Defense &amp; Security Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732732211_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Kratos Defense &amp; Security has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Kratos Defense &amp; Security's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Kratos Defense &amp; Security's peer group average for short interest as a percentage of float is 3.08%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

KTOS

(KTOS) - Analyzing Kratos Defense & Security's Short Interest

Last week, Nvidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) issued its third quarter results, topping both&nbsp;sales and earnings&nbsp;estimates as well as posting a better-than-expected current quarter guidance as its end-customers, including Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>), Open AI and&nbsp;Oracle Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/orcl#NYSE">ORCL</a>), have started receiving its next-generation AI chip, the mighty Blackwell, that is now in full production.
<h3>Third Quarter Highlights</h3>
For the quarter ended on October 27th, Nvidia reported its revenue surged 94% YoY&nbsp;&nbsp;to&nbsp;$35.08 billion, surpassing LSEG&rsquo;s estimate of&nbsp;$33.16 billion. But, this is a quarterly slowdown as sales rose 122%, 262%, and 265% during previous quarters respectively. The date center business that is at the heart of the AI hype brought in $30.8 billion with sales rising 112%&nbsp;YoY and surpassing StreetAccount&rsquo;s estimate of $28.82 billion. But not all of that revenue is made of chips that power AI development as&nbsp;$3.1 billion&nbsp;of that sales figure was brought in by networking parts. Gaming business brought $3.28 billion&nbsp;to the revenue table. While automotive and professional visualization businesses&nbsp;remain much smaller, automotive sales grew 72% YoY to $449 million while the later reported 17% YoY growth, bringing in sales of $486 million.
Net income more than doubled from last year&rsquo;s comparable quarter as it amounted to $19.3 billion. While net income jumped from last year&rsquo;s&nbsp;37 cents&nbsp;per share to 70 cents per share,&nbsp;adjusted earnings per share amounted to 81 cents, also topping LSEG&rsquo;s estimate of 75 cents. Due to selling more chips, gross margin expanded to 73.5%.
<h3>Fourth Quarter Outlook</h3>
Nvidia guided for current quarter sales of about $37.5 billion plus or minus 2%. Outlook implies YoY growth of about 70%, which is a&nbsp;slowdown from last year&rsquo;s comparable quarter when growth amounted to 265%.
Nvidia&rsquo;s AI dominance remains intact.
It&rsquo;s a well-known fact that Nvidia is a&nbsp;primary beneficiary of the ongoing AI hype, with shares nearly tripling year to date. Blackwell shipments are in for a ramp up next year, but already in the current quarter, Nvidia is in &ldquo;several billion dollars&rdquo; of Blackwell revenue. Demand for Blackwell is expected to exceed supply for several quarters in the next fiscal year. Now for how long can Nvidia&rsquo;s AI dominance continue to soar is a different question only time is able to answer.&nbsp;
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

MSFT

NVDA

ORCL

Nvidia's Latest Record Quarter Show Its AI Dominance Remains Intact

President-elect Donald Trump's transition team is considering Paul Atkins, a seasoned financial regulator and advocate for digital assets, to lead the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">U.S. Securities and Exchange Commission</a>.
What Happened: Atkins, a Republican SEC commissioner during the George W. Bush administration, is among the top contenders to replace outgoing SEC Chair Gary Gensler, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-27/trump-team-eyes-atkins-ex-sec-commissioner-to-succeed-gensler?utm_content=crypto&amp;utm_source=twitter&amp;utm_campaign=socialflow-organic&amp;utm_medium=social&amp;embedded-checkout=true">reported</a>.
Trump's decision on the appointment is expected in the coming days.
Atkins' background positions him as a strong candidate to reshape the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42131449/with-gary-gensler-preparing-to-quit-in-2025-secs-crypto-cases-likely-to-quietly-go-away-amid-trumps-pro-bitcoin-stance-says-pantera-capitals-katrina-paglia">SEC's approach to regulation</a>, particularly regarding cryptocurrency and financial technology.
Since leaving the SEC, he founded Patomak Global Partners, a consultancy advising major financial firms, and has testified before Congress on streamlining regulatory processes and reducing unnecessary burdens on the financial industry. 
An advocate for digital assets, Atkins has pushed for clear and balanced rules to foster innovation while maintaining market integrity.
Other candidates reportedly under consideration include current SEC Commissioner Mark Uyeda, former CFTC Chair Heath Tarbert, and Robert Stebbins, a partner at Willkie Farr &amp; Gallagher LLP. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42220218/ripple-to-invest-in-rebranded-xrp-exchange-traded-product-by-bitwise">Ripple To Invest In Rebranded XRP Exchange-Traded Product By Bitwise</a>
A spokesperson for Trump's transition team, Karoline Leavitt, praised the president-elect's swift decisions in assembling his administration, stating, "Remaining decisions will continue to be announced by him when they are made."
Atkins' potential appointment signals a departure from the regulatory approach under Gensler, who led the SEC with an aggressive stance on crypto enforcement following high-profile failures like the collapse of FTX. 
Gensler's tenure drew criticism from the industry for creating uncertainty by regulating through enforcement rather than providing clear guidelines. 
Trump, during his campaign, vowed to end what he described as the SEC's "anti-crypto crusade" and promised to appoint <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41883348/donald-trump-cant-fire-gary-gensler-but-pro-crypto-policies-means-industry-is-on-the-verge-of-a-golden-era">crypto-friendly regulators.</a>
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</ul>
Image: Shutterstock

Donald Trump Eyes Former SEC Comissioner Paul Atkins As Gary Gensler's Successor

Urban Outfitters, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/URBN#NASDAQ">URBN</a>) reported earnings results for the <a href="https://www.benzinga.com/quote/URBN/earnings">third quarter on Tuesday</a>.
The company said quarterly net sales rose 6.3% to a record $1.36 billion and earnings came in at $1.10 per share.
&#8220;We are pleased to announce record third quarter sales and earnings, both of which exceeded our expectations. These results were driven by outperformance across all three business segments – Retail, Subscription and Wholesale,&#8221; said Richard A. Hayne, Chief Executive Officer. &#8220;Additionally, we&#8217;re optimistic about the outlook for Holiday demand and believe total comparable sales could be similar to our third quarter results.&#8221;
Urban Outfitters shares gained 16.9% to trade at $46.91 on Wednesday.
These analysts made changes to their price targets on Urban Outfitters following earnings announcement.
<ul>
<li>Citigroup analyst Paul Lejuez upgraded Urban Outfitters from Neutral to Buy and raised the price target from $42 to $59.</li>
<li>Telsey Advisory Group analyst Dana Telsey maintained the stock with a Market Perform and raised the price target from $44 to $46.</li>
<li>Baird analyst Mark Altschwager maintained the stock with a Neutral and increased the price target from $47 to $49.</li>
<li>B of A Securities analyst Lorraine Hutchinson maintained Urban Outfitters with a Buy and raised the price target from $46 to $53.</li>
<li>Barclays analyst Adrienne Yih maintained the stock with an Overweight and raised the price target from $43 to $51.</li>
<li>Morgan Stanley analyst Alex Straton maintained Urban Outfitters with an Equal-Weight and raised the price target from $38 to $41.</li>
<li>Wells Fargo analyst Ike Boruchow maintained the stock with an Equal-Weight and boosted the price target from $40 to $48</li>
</ul>
Considering buying URBN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="599" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27132434/image-297-1024x599.png" alt="" class="wp-image-668011" style="width:626px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27132434/image-297-1024x599.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27132434/image-297-300x175.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27132434/image-297-768x449.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27132434/image-297.png 1112w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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URBN

These Analysts Increase Their Forecasts On Urban Outfitters After Q3 Results

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>
SPY&nbsp;(ARCA: SPY) is currently trading near the 599.24 level, which serves as a key area for bullish interest. If buyers manage to defend this level, the next objective will be a climb toward 600.51. A sustained push above this could lead to testing 602.48 as a critical support level. Further momentum may pave the way for a move toward 604.45, with a high bullish target set at 607.55 if the rally gains significant strength.
On the downside, failure to maintain support at 599.24 may trigger selling pressure toward 598.04. Should sellers maintain control below this level, the next focus would be on 596.57. If bears continue to dominate, we could see a deeper pullback to the strong support level at 593.73. In an aggressive selloff, the low target for SPY would be 592.00.
<h3>Invesco QQQ Trust Series 1</h3>
The QQQ (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qqq#NASDAQ">QQQ</a>) is trading near the pivotal 508.22 level, and bulls will aim to hold this as a foundation for further gains. If successful, buyers could push prices toward 509.87, with further strength targeting 511.53. If the bullish momentum persists, 513.64 comes into play, with the high bull target for the day at 515.00.
However, if 508.22 fails to hold as support, the bears could drag the price down to 506.68. Breaking below this may lead to a test of 504.44, and if sellers remain in control, the next support at 502.65 could be tested. Persistent selling pressure might drive the price down to the low bear target of 501.07.
<h3>Apple Inc.</h3>
Apple&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) is hovering around 234.20, where bulls aim to establish a base for upward movement. If this level is defended, a push toward 234.97 could follow. Strong buying momentum may propel the price to 235.74, with the ultimate bullish target for the day at 236.69 if the rally holds steady.
Conversely, a failure to hold 234.20 could invite bears to test support at 233.28. Sustained downside action may lead to a retest of 231.76, with continued selling likely driving the price to 230.25. If bearish pressure accelerates, the low target for AAPL could reach 229.03.
<h3>Microsoft Corp. </h3>
Microsoft&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) is trading near 426.00, where bulls aim to secure a foothold for higher prices. Holding this level could see a rally toward 427.36, with further gains bringing 428.48 into focus. If buying interest persists, the high bull target at 429.25 may be achievable.
If 426.00 fails to hold, bears may seek to challenge 425.16. A break below this level could lead to further selling pressure toward 423.81. Continued weakness might push the price down to 422.84, with the low bear target for MSFT at 421.62.
<h3>NVIDIA Corporation</h3>
NVIDIA&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>) is trading near the key level of 135.64, where bulls are trying to establish control. If this level is defended, a move toward 136.98 could be the next target. Strong buying momentum may see the price test 137.94, with a high bull target of 139.42 in sight if the rally holds.
If 135.64 breaks, bears may push the price lower toward 134.56. Should selling intensify, the next focus will be on 133.31. Continued weakness could lead to a test of 132.19, with the low bear target for the day at 131.42.
<h3>Alphabet Inc Class A</h3>
Alphabet&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) is trading around 169.34, a key level for bulls to hold. A successful defense could lead to a rally toward 171.14, with further buying momentum targeting 172.28. Strong market participation could solidify gains at this high bull target.
If 169.34 fails to act as support, bears may drive the price down to 167.04. A breakdown at this level could see the price test 165.41, with further downside momentum pushing the auction to the low bear target of 163.79.
<h3>Meta Platforms Inc</h3>
Meta&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) is near the critical level of 573.25, which bulls will aim to hold as a launching point for higher prices. If successful, we could see a rally to 580.17, followed by a test of 585.73. Sustained buying interest might bring the high bull target at 591.29 into play.
On the other hand, a break below 573.25 could lead to selling pressure driving the price to 565.53. Persistent weakness may push the price lower to 559.29, with the low bear target for Meta at 553.05 if the selloff intensifies.
<h3>Tesla Inc. </h3>
Tesla&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/tsla#NASDAQ">TSLA</a>) is trading near 340.97, a critical level for the bulls. If buyers maintain control, a move toward 346.64 could follow, with 350.87 acting as the next major resistance. A strong rally may extend gains toward 356.80, with the high bull target set at 363.84.
Failure to hold 340.97 as support could result in a pullback toward 333.93. If selling pressure persists, the next target would be 327.59. A continued selloff may bring Tesla down to the low bear target of 322.52.
Final Word:&nbsp; Today&rsquo;s market session is set to be a pivotal one with a heavy lineup of economic data releases starting at 8:30 AM ET. Key reports include the weekly Initial and Continuing Jobless Claims, the Core PCE Price Index for October, and October&#39;s Personal Income and Spending data. These indicators will provide critical insights into inflation and consumer health.
At 10:00 AM ET, Pending Home Sales data for October will shed light on the housing market, followed by the 7-Year Treasury Note Auction at 11:30 AM ET. This packed schedule comes ahead of the Thanksgiving holiday, potentially amplifying market volatility due to thinner liquidity. Traders should stay alert, manage their positions with caution, and adjust to the dynamic market environment. Wishing you a successful trading session and a Happy Thanksgiving!
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.

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