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

Coincheck Group (NASDAQ:CNCKW) Stock, Option Chain

Coincheck Group NV is a digital asset trading service company. It operates multi-cryptocurrency marketplaces and crypto asset exchanges in Japan and marketplace and exchange platforms on which diverse cryptocurrencies, including Bitcoin and Ethereum, are held and exchanged, and offering other retail-focused crypto services.

Coincheck Group NV

Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) will be reporting its fourth-quarter earnings on Thursday. Wall Street expects $1.38 in EPS and $14.10 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=AVGO" target="_blank" rel="noreferrer noopener"> after market hours</a>.
The stock is up 70.85% over the past year, 20.28% over the past six months.
<h1 class="wp-block-heading">Apple Partnership Builds Bullish Momentum</h1>
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) is reportedly partnering with Broadcom to develop its first AI-focused server chip, code-named Baltra, expected to enter mass production by 2026.
According to The Information, Apple plans to leverage Taiwan Semiconductor Manufacturing Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) advanced N3P process for production. This move aligns with a broader trend among tech giants, including Alphabet Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) Google, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), to design proprietary AI chips, reducing reliance on third-party suppliers like Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
This partnership highlights Broadcom's growing role in the AI ecosystem as it prepares to report its fourth-quarter earnings. Let&#8217;s look at what the charts indicate for Broadcom stock and how the stock currently maps against Wall Street estimates.
Read Also: <a href="https://www.benzinga.com/24/12/42460178/how-to-earn-500-a-month-from-broadcom-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Broadcom Stock Ahead Of Q4 Earnings</a>
<h1 class="wp-block-heading">Broadcom Stock Strongly Bullish Ahead Of Q4 Earnings&nbsp;</h1>
Broadcom stock exhibits a strongly bullish trend, with its share price of $183.20 consistently trading above the five-, 20- and 50-day exponential moving averages, signaling sustained buying pressure.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12111952/Screenshot-2024-12-12-at-9.49.34-PM.png" alt="" class="wp-image-689778" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12111952/Screenshot-2024-12-12-at-9.49.34-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12111952/Screenshot-2024-12-12-at-9.49.34-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Broadcom stock is technically bullish, supported by multiple bullish signals across key moving averages: the eight-day SMA at $175.08, the 20-day SMA at $168.81, the 50-day SMA at $173.84 and the 200-day SMA at $154.41.
Additionally, the Moving Average Convergence Divergence (MACD) indicator stands at 1.62, reinforcing the bullish outlook. With a Relative Strength Index (RSI) of 56.28, AVGO stock remains comfortably within bullish territory, indicating further potential for upward momentum.
<h1 class="wp-block-heading">Broadcom Analysts See 18.5% Upside</h1>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/AVGO/analyst-ratings" target="_blank" rel="noreferrer noopener"> The consensus analyst rating</a> on Broadcom stock stands at a Buy currently with a price target of $1,047.81. The latest analyst ratings from Rosenblatt, Citigroup and UBS imply an 18.46% upside for Broadcom stock with an average price target of $215.
AVGO Price Action: Broadcom stock is down 1.78% at $179.93 on Thursday at publication.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42449581/broadcoms-ai-edge-apples-to-oranges-comparison-shows-asics-outgrowing-gpus-says-analyst">Broadcom&#8217;s AI Edge: &#8216;Apples-to-Oranges Comparison&#8217; Shows ASICs Outgrowing GPUs, Says Analyst</a></li>
</ul>
Photo: Shutterstock

Technicals

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Tech

Trading Ideas

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AMZN

AVGO

GOOG

GOOGL

MSFT

NVDA

Broadcom: Bullish Momentum Builds As Q4 Earnings, Apple Partnership Take Center Stage

<a href="https://electrek.co/2024/12/12/nikola-nkla-confirms-more-layoffs-as-it-desperately-tries-to-avoid-bankruptcy/" title="https://electrek.co/2024/12/12/nikola-nkla-confirms-more-layoffs-as-it-desperately-tries-to-avoid-bankruptcy/">https://electrek.co/2024/12/12/nikola-nkla-confirms-more-layoffs-as-it-desperately-tries-to-avoid-bankruptcy/</a>

News

NKLA

'Nikola (NKLA) Confirms More Layoffs As It Desperately Tries To Avoid Bankruptcy' - Electrek

WIIM

Nikola shares are trading lower following a report indicating the company confirmed another round of layoffs.

<a href="https://www.ebayinc.com/stories/news/ebay-and-klarna-expand-partnership-bringing-buy-now-pay-later-bnpl-to-new-markets/">https://www.ebayinc.com/stories/news/ebay-and-klarna-expand-partnership-bringing-buy-now-pay-later-bnpl-to-new-markets/</a>
&nbsp;

EBAY

'eBay and Klarna Expand Partnership, Bringing Buy Now Pay Later (BNPL) to New Markets' - eBay

Risk sentiment soured on Thursday following hotter-than-expected producer inflation data, which dampened optimism for aggressive interest rate cuts in 2025. Adding to the uncertainty, an unexpected rise in jobless claims cast doubt on the resilience <a href="https://www.benzinga.com/economics/macro-economic-events/24/12/42467265/stocks-fall-as-producer-inflation-spikes-jobless-claims-jump-what-is-happening-here">of the U.S. labor market.</a>
Major U.S. stock indices were in the red during midday trading in New York. The Nasdaq 100 slipped 0.4%, retreating from its record highs reached in the previous session, while small caps underperformed as the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dropped 1%.
The Producer Price Index surged to 3% year-over-year in November, its highest level since February 2023, outpacing both forecasts and the upwardly revised 2.6% from October. On the labor front, weekly jobless claims rose by 17,000 to 242,000, exceeding consensus estimates of 220,000.
Treasury yields ticked higher, with the 10-year benchmark yield climbing 4 basis points to 4.31%, as investors placed greater emphasis on the robust inflation reading. However, expectations for a 25-basis-point rate cut at the upcoming Federal Reserve meeting remained intact, with Fed futures pricing in a 98% probability.
In currency markets, the U.S. Dollar Index, as measured by the Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), edged up 0.1%, while gold prices slid more than 1%.
Natural gas prices soared nearly 5%, reaching levels not seen since late October 2023, after a steep storage draw fueled buying momentum.
In cryptocurrencies, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) traded modestly higher, up 0.3% to $101,500, while Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) gained 3.1%.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>6,073.41</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,020.82</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,687.46</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,371.79</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&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>) eased 0.1% to $606.65.</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;fell 0.2% to $441.69.</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>) edged 0.2% down to $528.71.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.9% to $235.90.</li>
<li>The&nbsp;Consumer Staples Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up by 0.5%; the&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 0.5%.</li>
</ul>
<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers</h2>
<ul>
<li>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>) tumbled by over 12%, despite beating Street&#8217;s profit and revenue estimates last quarter, as the company lowered guidance for the first quarter of 2025. </li>
<li>Nordson Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDSN#NASDAQ">NDSN</a>) tumbled 9%, while Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) rose 16% in reaction to earnings.</li>
<li>Major companies slated to report earnings after the close include Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>).</li>
</ul>
Read now: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42466189/trump-talks-stocks-bitcoin-ai-economy-with-jim-cramer-youre-going-to-see-some-very-good-days-ahead">Trump Talks Stocks, Bitcoin, AI, Economy With Jim Cramer: &#8216;You&#8217;re Going To See Some Very Good Days Ahead&#8217;</a></li>
</ul>
Photo: Shutterstock

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$BTC

$ETH

ADBE

CIEN

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SPDR Dow Jones Industrial Average ETF Trust

NDSN

PowerShares DB US Dollar Index Bullish Fund

Stocks Slip On Hot Inflation Data, Adobe Tumbles, Natural Gas Hits 1-Year High: What's Driving Markets Thursday?

Kroger shares are trading higher after the company announced a new $7.5 billion share repurchase program as well as plans to reduce prices.

Albertson's shares are trading higher. The stock has been volatile after the company's merger with Kroger was recently blocked.

Guidance

Under Armor Reiterates FY25 Guidance

Jones Trading analyst Stephen Glagola initiates coverage on MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) with a Hold rating.

Initiation

Analyst Ratings

MARA

Jones Trading Initiates Coverage On MARA Holdings with Hold Rating

Jones Trading analyst Stephen Glagola initiates coverage on Cleanspark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) with a Hold rating.

CLSK

Jones Trading Initiates Coverage On Cleanspark with Hold Rating

In the current market session, Signet Jewelers Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) price is at $86.00, after a 1.16% spike. However, over the past month, the stock fell by 12.50%, and in the past year, by 16.30%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1734028443_0.png" alt="Past Year Chart" />

<h3>Comparing Signet Jewelers P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Signet Jewelers has a lower P/E than the aggregate P/E of 19.84 of the Specialty Retail industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734028443_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

A Look Into Signet Jewelers Inc's Price Over Earnings

Jones Trading analyst Stephen Glagola initiates coverage on IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) with a Buy rating and announces Price Target of $22.

Price Target

IREN

Jones Trading Initiates Coverage On IREN with Buy Rating, Announces Price Target of $22

Costco Wholesale Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COST#NYSE">COST</a>) will be reporting its first-quarter earnings on Thursday. Wall Street expects $3.79 in EPS and $62.08 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=COST" target="_blank" rel="noreferrer noopener"> after market hours</a>.
The stock is up 58.01% over the past year, 53.50% YTD.
Let&#8217;s look at what the charts indicate for Costco stock and how the stock currently maps against Wall Street estimates.
Read Also: <a href="https://www.benzinga.com/24/12/42446804/costco-q1-earnings-preview-membership-fee-increase-in-focus-with-shares-at-all-time-highs">Costco Q1 Earnings Preview: Membership Fee Increase In Focus With Shares At All-Time Highs</a>
<h1 class="wp-block-heading">Costco Stock Bullish But Overbought Ahead Of Q1 Earnings&nbsp;</h1>
Costco stock displays a mixed technical picture despite a strongly bullish trend with its share price of $994.69 trading above the five-, 20- and 50-day exponential moving averages.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="630" height="493" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12114842/Screenshot-2024-12-12-at-10.18.20-PM.png" alt="" class="wp-image-689835" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12114842/Screenshot-2024-12-12-at-10.18.20-PM.png 630w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/12114842/Screenshot-2024-12-12-at-10.18.20-PM-300x235.png 300w" sizes="(max-width: 630px) 100vw, 630px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent121224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
This positioning generates several bullish signals, including the eight-day simple moving average (SMA) at $990.17, the 20-day SMA at $964.53, the 50-day SMA at $923.13 and the 200-day SMA at $840.83. 
The moving average convergence/divergence (MACD) indicator at 21.98 further reinforces the bullish outlook. However, selling pressure has emerged, coupled with a relative strength index (RSI) of 70.11, which lies in the overbought territory. This combination suggests potential risk of bearish movement despite the current bullish momentum.
<h1 class="wp-block-heading">Costco Analysts See 7% Upside</h1>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/COST/analyst-ratings" target="_blank" rel="noreferrer noopener"> The consensus analyst rating</a> on Costco stock stands at a Buy currently with a price target of $954.38. The latest analyst ratings from Oppenheimer, Jefferies and Stifel give Costco stock a 7.01% upside with an average price target of $1,073.33.
COST Price Action: Costco stock is up 0.46% at $999.30 Thursday at publication.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/12/42463516/costco-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Costco Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
</ul>
Photo: Bluestork via Shutterstock

Costco Q1 Earnings: Can Bullish Momentum Beat The Overbought Blues?

GOLD

SBSW

SSRM

Shares of precious metals stocks are trading lower amid a drop in gold prices following US economic data.

MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares are trading lower on Thursday after the company announced a 1-for-8 reverse <a href="https://www.benzinga.com//node/42461716">stock split</a>.
The Details: The reverse stock split, approved by the board of directors on Nov. 21, 2024, will take effect on Dec. 18 at market open. 
It will reduce the authorized number of shares of the company&#8217;s common stock from 5,000,000,000 shares to 625,000,000 shares.
How To Buy MMTec Shares
By now you're likely curious about how to participate in the market for MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) &#8211; be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of <a href="https://www.benzinga.com/money/best-stock-trading-platforms">possible trading platforms here.</a> Many will allow you to buy ‘fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so. 
In the the case of MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>), which is trading at $0.23 as of publishing time, $100 would buy you 434.78 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ‘go short' a share of stock by lending you the shares to sell. The process of shorting a <a href="https://www.benzinga.com/money/how-to-short-a-stock">stock can be found at this resource.</a> Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading &#8211; either way it allows you to profit off of the share price decline.
See Also: <a href="https://www.benzinga.com/24/12/42466993/bitcoin-miners-embrace-microstrategys-playbook-the-rise-of-btc-yield-strategies">Bitcoin Miners Embrace MicroStrategy Playbook: The Rise Of BTC Yield Strategies</a>
MTC Price Action: At the time of publication, MMTec shares are trading 10.6% lower at 23 cents, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: 1863880 from Pixabay.

Movers

What's Going On With MMTec Stock Thursday?

Jefferies analyst John Aiken upgrades Toronto-Dominion Bank (TSX:<a class="ticker" href="https://www.benzinga.com/stock/TD#TSX">TD</a>) from Hold to Buy and raises the price target from C$82 to C$90.

Upgrades

TSX:TD

Jefferies Upgrades Toronto-Dominion Bank to Buy, Raises Price Target to C$90

Jefferies analyst Sheila Kahyaoglu downgrades General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) from Buy to Hold and lowers the price target from $345 to $300.

Downgrades

Jefferies Downgrades General Dynamics to Hold, Lowers Price Target to $300

Cleveland Cliffs shares are trading lower. Morgan Stanley forecasted the companies Q4 EBITDA 97% lower than its previous estimate.

Western Digital shares are trading lower following the company's presentation at the Barclays 22nd Annual Global Technology Conference.

Evercore ISI Group analyst Michael Binetti maintains Amer Sports (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AS#NYSE">AS</a>) with a Outperform and raises the price target from $26 to $30.

Evercore ISI Group Maintains Outperform on Amer Sports, Raises Price Target to $30

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