Chicken Soup for the Soul Stock (OTC: CSSLQ)

Latest news for Chicken Soup for the Soul (OTC:CSSLQ) Stock

Chicken Soup for the Soul Entertainment Inc provides premium content to value-conscious consumers. It is the largest advertising-supported video-on-demand companies in the US, with three flagship AVOD streaming services: Redbox, Crackle, and Chicken Soup for the Soul. In addition, the company operates Redbox Free Live TV, a free ad-supported streaming television service (FAST), with nearly 180 FAST channels as well as a transaction video on demand service, and a network of approximately 29,000 kiosks across the US for DVD rentals. To provide original and exclusive content to its viewers, the company creates, acquires, and distributes films and TV series through its Screen Media and Chicken Soup for the Soul TV Group subsidiaries.

Chicken Soup for the Soul Entertainment Inc Warrants(22/10/2026)

Chicken Soup for the Soul Entertainment Inc

<p>Financial giants have made a conspicuous bullish move on Deckers Outdoor. Our analysis of options history for Deckers Outdoor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) revealed 16 unusual trades.</p>
<p>Delving into the details, we found 37% of traders were bullish, while 6% showed bearish tendencies. Out of all the trades we spotted, 12 were puts, with a value of $1,958,598, and 4 were calls, valued at $117,199.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $860.0 and $1050.0 for Deckers Outdoor, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Deckers Outdoor's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Deckers Outdoor's significant trades, within a strike price range of $860.0 to $1050.0, over the past month.</p>
<h3>Deckers Outdoor Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721245554_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$56.8</td>
<td>$51.2</td>
<td>$53.0</td>
<td>$860.00</td>
<td>$249.1K</td>
<td style="text-align: right;">360</td>
<td style="text-align: right;">120</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$56.8</td>
<td>$51.2</td>
<td>$53.0</td>
<td>$860.00</td>
<td>$243.8K</td>
<td style="text-align: right;">360</td>
<td style="text-align: right;">41</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$58.2</td>
<td>$52.1</td>
<td>$53.2</td>
<td>$860.00</td>
<td>$218.1K</td>
<td style="text-align: right;">360</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$56.8</td>
<td>$51.2</td>
<td>$53.0</td>
<td>$860.00</td>
<td>$217.3K</td>
<td style="text-align: right;">360</td>
<td style="text-align: right;">167</td>
</tr>
<tr>
<td>DECK</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$55.7</td>
<td>$50.2</td>
<td>$52.95</td>
<td>$860.00</td>
<td>$206.5K</td>
<td style="text-align: right;">360</td>
<td style="text-align: right;">237</td>
</tr>
</tbody>
</table>
</p>
<h3>About Deckers Outdoor</h3>
<p>Deckers Outdoor Corp designs and sells casual and performance footwear, apparel, and accessories. Primary brands include UGG, Teva, and Sanuk. The company distributes Majority of its products through its wholesale business, but it also has a substantial direct-to-consumer business with its company-owned retail stores and websites. Majority of its sales are in the United States, although the company also has retail stores and distributors throughout Europe, Asia, Canada, and Latin America. It has structured their reporting around six segments which inlcudes the wholesale operations of specific brands like UGG, HOKA, Teva, Sanuk, and Other brands, alongside a segment focused on direct-to-consumer (DTC) operations.</p>
<p>Having examined the options trading patterns of Deckers Outdoor, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance</p>
<h3>Deckers Outdoor's Current Market Status</h3>
<ul>
<li>With a trading volume of 263,987, the price of DECK is down by -2.22%, reaching $892.63.</li>
<li>Current RSI values indicate that the stock is may be oversold.</li>
<li>Next earnings report is scheduled for 8 days from now.</li>
</ul>
<h3>What The Experts Say On Deckers Outdoor</h3>
<p>Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $1110.0.</p>
<ul>
<li>Reflecting concerns, an analyst from Wedbush lowers its rating to Outperform with a new price target of $1030.</li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Deckers Outdoor with a target price of $1100. </li>
<li>An analyst from BTIG has decided to maintain their Buy rating on Deckers Outdoor, which currently sits at a price target of $1200. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Deckers Outdoor, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Options

Markets

DECK

Behind the Scenes of Deckers Outdoor's Latest Options Trends

<p>Benzinga's options scanner has just identified more than 12 option transactions on Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>), with a cumulative value of $733,005. Concurrently, our algorithms picked up 6 puts, worth a total of 400,235.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $470.0 to $515.0 for Lockheed Martin over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Lockheed Martin's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Lockheed Martin's significant trades, within a strike price range of $470.0 to $515.0, over the past month.</p>
<h3>Lockheed Martin Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721245549_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>LMT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.0</td>
<td>$1.95</td>
<td>$1.95</td>
<td>$515.00</td>
<td>$94.3K</td>
<td>61</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>LMT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$9.2</td>
<td>$9.1</td>
<td>$9.19</td>
<td>$480.00</td>
<td>$93.5K</td>
<td>1.1K</td>
<td style="text-align: right;">62</td>
</tr>
<tr>
<td>LMT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$9.2</td>
<td>$8.8</td>
<td>$9.16</td>
<td>$480.00</td>
<td>$91.8K</td>
<td>1.1K</td>
<td style="text-align: right;">62</td>
</tr>
<tr>
<td>LMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$8.0</td>
<td>$7.7</td>
<td>$7.8</td>
<td>$470.00</td>
<td>$78.0K</td>
<td>842</td>
<td style="text-align: right;">101</td>
</tr>
<tr>
<td>LMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$8.0</td>
<td>$7.8</td>
<td>$7.8</td>
<td>$470.00</td>
<td>$78.0K</td>
<td>842</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Lockheed Martin</h3>
<p>Lockheed Martin is the world's largest defense contractor and has dominated the Western market for high-end fighter aircraft since it won the F-35 Joint Strike Fighter program in 2001. Lockheed's largest segment is aeronautics, which derives upward of two-thirds of its revenue from the F-35. Lockheed's remaining segments are rotary and mission systems, mainly encompassing the Sikorsky helicopter business; missiles and fire control, which creates missiles and missile defense systems; and space systems, which produces satellites and receives equity income from the United Launch Alliance joint venture.</p>
<h3>Current Position of Lockheed Martin</h3>
<ul>
<li>With a volume of 530,883, the price of LMT is up 1.47% at $475.45. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 6 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Lockheed Martin with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Spotlight on Lockheed Martin: Analyzing the Surge in Options Activity

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>NuScale Power</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMR#NYSE">SMR</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SMR, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for NuScale Power.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 55% bullish and 33%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $196,912, and 6 are calls, for a total amount of $858,047.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $10.0 to $25.0 for NuScale Power during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for NuScale Power's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across NuScale Power's significant trades, within a strike price range of $10.0 to $25.0, over the past month.</p>
<h3>NuScale Power 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721245544_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>SMR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$0.95</td>
<td>$0.6</td>
<td>$0.75</td>
<td>$25.00</td>
<td>$292.5K</td>
<td>4.1K</td>
<td style="text-align: right;">11</td>
</tr>
<tr>
<td>SMR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.85</td>
<td>$2.65</td>
<td>$2.85</td>
<td>$14.00</td>
<td>$285.0K</td>
<td>1.8K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>SMR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$3.5</td>
<td>$3.0</td>
<td>$3.5</td>
<td>$15.00</td>
<td>$175.0K</td>
<td>1.1K</td>
<td style="text-align: right;">23</td>
</tr>
<tr>
<td>SMR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$0.5</td>
<td>$0.3</td>
<td>$0.5</td>
<td>$10.00</td>
<td>$92.8K</td>
<td>8.4K</td>
<td style="text-align: right;">3</td>
</tr>
<tr>
<td>SMR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$1.5</td>
<td>$1.2</td>
<td>$1.5</td>
<td>$10.00</td>
<td>$75.0K</td>
<td>616</td>
<td style="text-align: right;">510</td>
</tr>
</tbody>
</table>
</p>
<h3>About NuScale Power</h3>
<p>NuScale Power Corp is engaged in the development of a new modular light water reactor nuclear power plant to supply energy for electrical generation, district heating, desalination, hydrogen production, and other process heat applications.</p>
<p>After a thorough review of the options trading surrounding NuScale Power, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Present Market Standing of NuScale Power</h3>
<ul>
<li>With a volume of 7,070,376, the price of SMR is down -10.6% at $13.91. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 22 days.</li>
</ul>
<h3>What Analysts Are Saying About NuScale Power</h3>
<p>A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $14.0.</p>
<ul>
<li>An analyst from B. Riley Securities has decided to maintain their Buy rating on NuScale Power, which currently sits at a price target of $14. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest NuScale Power options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Market Whales and Their Recent Bets on SMR Options

<p>While "<a href="https://www.benzinga.com/topic/stranger-things">Stranger Things</a>" fans eagerly await a fifth and final season on <strong>Netflix </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), the show&#8217;s creators have more content coming to <a href="https://www.benzinga.com/topic/streaming">the streaming platform</a>.  </p>
<p><strong>What Happened</strong>: <strong>Matt Duffer </strong>and <strong>Ross Duffer</strong>, known as the <strong>Duffer Brothers</strong>, have more content coming to Netflix, but it's not a &#8220;Stranger Things&#8221; spinoff.</p>
<p>Instead, they&#8217;re set to produce a new horror series called "Something Very Bad Is Going To Happen." </p>
<p>According to <a href="https://variety.com/2024/tv/news/duffer-brothers-netflix-horror-series-something-very-bad-is-going-to-happen-haley-z-boston-1236072219/">Variety</a>, the new series comes from writer <strong>Haley Z. Boston,</strong> whose work includes Netflix shows "Guillermo del Toro's Cabinet of Curiosities" and "Brand New Cherry Flavor."</p>
<p>"We were knocked flat when we first read Haley's script. She is a major new talent with a singular voice – her writing is twisted, terrifying, funny, and just… very Haley," the Duffer Brothers said. "We feel so lucky to be producing her first show."</p>
<p>"Something Very Bad Is Going To Happen" is being pitched as "an atmospheric horror series set at a wedding, following a bride and groom in the week leading up to their ill-fated nuptials."</p>
<p>Boston, <strong>Andrea Sperling, Hilary Leavitt,</strong> and the Duffer Brothers are executive producers on the new series.</p>
<p><strong>Read Also: <a href="https://www.benzinga.com/general/entertainment/23/04/31758894/netflix-ready-to-turn-saturday-morning-cartoons-upside-down-with-stranger-things-spinoff">Netflix Ready To Turn Saturday Morning Cartoons Upside Down With &#8216;Stranger Things&#8217; Spinoff</a></strong></p>
<p><strong>Why It's Important</strong>: The Duffer Brothers have an overall deal with Netflix and recently formed the production company Upside Down Pictures.</p>
<p>A new first look at the fifth season of "Stranger Things" premiered on Tuesday. Production is reportedly halfway completed, with a premiere date slated for 2025.</p>
<p>Another Duffer Brothers produced show, "The Boroughs," is expected to begin production in the fall. Other upcoming projects from the brothers include a "Stranger Things" spinoff and a live-action adaptation of &#8220;Death Note.&#8221;</p>
<p>"Stranger Things" <a href="https://www.benzinga.com/general/entertainment/23/07/33285087/if-you-invested-1-000-in-netflix-stock-when-stranger-things-debuted-heres-how-much-youd-hav">premiered in 2016</a>. Since then, it has become a massive hit for Netflix. It&#8217;s also <a href="https://www.benzinga.com/general/entertainment/23/10/35097694/netflix-and-chill-buy-our-merch-streaming-giant-ready-to-make-money-with-new-consumer-produ">a consumer products</a>/IP licensing powerhouse, with <a href="https://www.benzinga.com/general/entertainment/22/07/27980043/dont-worry-stranger-things-fans-spinoff-series-and-more-content-coming-from-creative-team-h">reported spinoffs in the works</a>.</p>
<p>The fourth season of "Stranger Things" broke records for an English-language series. Viewers watched about 287 million hours of the show in the first week. Viewership for the fourth season totaled 1.35 billion hours in the first 28 days.</p>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/general/entertainment/24/05/38765549/netflix-cozies-up-to-roblox-gamers-get-digital-theme-park-for-stranger-things-one-piece-and">Netflix Cozies Up To Roblox: Gamers Get &#8216;Digital Theme Park&#8217; For &#8216;Stranger Things,&#8217; &#8216;One Piece&#8217; And More Streaming Hits</a></strong></li>
</ul>


Entertainment

NFLX

'Stranger Things' Creators Have New Show Coming To Netflix: What Fans Should Know

<p>Jefferies  analyst Thomas Chong   maintains Grab Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRAB#NASDAQ">GRAB</a>) with a Buy and lowers the price target from $5 to $4.7.</p>


News

Price Target

Analyst Ratings

GRAB

Jefferies Maintains Buy on Grab Hldgs, Lowers Price Target to $4.7

Short Sellers

Rumors

Trading Ideas

SMPL

Watching The Simply Good Foods; Shares Move Lower As Traders Circulate Unconfirmed Comments From Popular Stock Service Mentioning Stock As New Short Idea With A $20 PT (-33% Downside)

Hemisphere GNSS Purchased By CNH Industrial In 2023; Hemisphere GNSS To Pay $2.6M To Settle False Claims Act Allegations Relating To Improper Paycheck Protection Program

<p>Canaccord Genuity  analyst Yewon Kang   assumes SNDL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNDL#NASDAQ">SNDL</a>) with a Speculative Buy rating and announces Price Target of $3.25.</p>


Initiation

SNDL

Canaccord Genuity Assumes SNDL at Speculative Buy, Announces Price Target of $3.25

<p>Canaccord Genuity  analyst Yewon Kang   assumes OrganiGram Holdings (TSX:<a class="ticker" href="https://www.benzinga.com/stock/OGI#TSX">OGI</a>) with a Speculative Buy rating and announces Price Target of C$3.25.</p>


TSX:OGI

Canaccord Genuity Assumes OrganiGram Holdings at Speculative Buy, Announces Price Target of C$3.25

<p><strong>Stardust Power Inc. </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDST#NASDAQ">SDST</a>) shares saw a significant increase on Wednesday. Here&#8217;s <a href="https://www.benzinga.com/pressreleases/24/07/g39675394/stardust-power-closes-business-combination-and-set-to-begin-trading-on-nasdaq">what you need to know.</a></p>
<p><strong>What To Know: </strong>The company began trading on the Nasdaq Global Market on July 9 under the ticker symbol &#8220;SDST&#8221; following the closing of business combination with <strong>Global Partner Acquisition Corp</strong> II (GPAC II).</p>
<p>\Stardust Power, an American manufacturer of battery-grade lithium products, is focused on developing a lithium refinery in Muskogee Oklahoma, with an anticipated capacity of 50,000 tonnes per annum by 2030.</p>
<p>CEO Roshan Pujari highlighted the company&#8217;s importance in bolstering U.S. lithium production, aligning with national security priorities and tapping into significant state and federal incentives.</p>
<h3 class="wp-block-heading">How To Buy Stardust Stock?</h3>
<p>For <strong>Stardust Power</strong>, which is trading at $23.98 as of publishing time, $100 would buy you 4.17 shares of stock.</p>
<p>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.</p>
<p><strong>SDST Price Action: </strong>Stardust shares were up by 148% at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga pro.</a></p>
<p><figure class="wp-block-image size-large is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071724&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener"><img loading="lazy" decoding="async" width="1024" height="536" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17135808/SDST-1024x536.png" alt="" class="wp-image-441461" style="width:523px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17135808/SDST-1024x536.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17135808/SDST-300x157.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17135808/SDST-768x402.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17135808/SDST.png 1090w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure></p>
<p><strong>See Also:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/07/39822708/why-lam-research-lrcx-shares-are-falling">Why Lam Research (LRCX) Shares Are Falling</a></strong></li>
</ul>
<p><em>Image via Shutterstock.</em></p>



Movers

SDST

Stardust Power Shares Are Up By More Than 100%: What's Going On

WIIM

AAON

AMSC

CHPT

FTAI

HUBB

IESC

INOD

JOBY

LOAR

PEGY

PLUG

REVG

ROAD

SPXC

SRFM

STRL

Shares of stocks within the broader industrial sector are trading lower amid overall market weakness

<p>High-rolling investors have positioned themselves bearish on Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in HUM often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 25 options trades for Humana. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 36% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $27,540, and 24 calls, totaling $1,827,812.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $340.0 to $500.0 for Humana over the recent three months. </p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Humana's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Humana's whale trades within a strike price range from $340.0 to $500.0 in the last 30 days. </p>
<h3>Humana 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721244678_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>HUM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$30.2</td>
<td>$28.0</td>
<td>$28.3</td>
<td>$370.00</td>
<td>$141.2K</td>
<td style="text-align: right;">304</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>HUM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$29.5</td>
<td>$26.3</td>
<td>$27.38</td>
<td>$370.00</td>
<td>$136.9K</td>
<td style="text-align: right;">304</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>HUM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/26/24</td>
<td>$29.5</td>
<td>$26.2</td>
<td>$27.0</td>
<td>$370.00</td>
<td>$135.4K</td>
<td style="text-align: right;">304</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>HUM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$30.7</td>
<td>$25.3</td>
<td>$27.0</td>
<td>$370.00</td>
<td>$135.0K</td>
<td style="text-align: right;">304</td>
<td style="text-align: right;">250</td>
</tr>
<tr>
<td>HUM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$59.5</td>
<td>$58.2</td>
<td>$59.5</td>
<td>$360.00</td>
<td>$130.9K</td>
<td style="text-align: right;">96</td>
<td style="text-align: right;">2</td>
</tr>
</tbody>
</table>
</p>
<h3>About Humana</h3>
<p>Humana is one of the largest private health insurers in the us with a focus on administering Medicare Advantage plans. The firm has built a niche specializing in government-sponsored programs, with nearly all its medical membership stemming from individual and group Medicare Advantage, Medicaid, and the military's Tricare program. The firm is also a leader in stand-alone prescription drug plans for seniors enrolled in traditional fee-for-service Medicare. Beyond medical insurance, the company provides other healthcare services, including primary-care services, at-home services, and pharmacy benefit management.</p>
<h3>Where Is Humana Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,318,296, the price of HUM is up by 1.97%, reaching $403.41.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 14 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Humana</h3>
<p>A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $388.6666666666667.</p>
<ul>
<li>In a cautious move, an analyst from Piper Sandler downgraded its rating to Overweight, setting a price target of $392. </li>
<li>An analyst from Morgan Stanley downgraded its action to Equal-Weight with a price target of $374. </li>
<li>An analyst from Truist Securities persists with their Hold rating on Humana, maintaining a target price of $400. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Humana, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Humana Unusual Options Activity For July 17

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Axon Enterprise</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with AXON, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 11 uncommon options trades for Axon Enterprise.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 36% bullish and 54%, bearish.</p>
<p>Out of all of the special options we uncovered, 2 are puts, for a total amount of $67,520, and 9 are calls, for a total amount of $597,315.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $195.0 to $480.0 for Axon Enterprise over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Axon Enterprise options trades today is 77.64 with a total volume of 16.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Axon Enterprise's big money trades within a strike price range of $195.0 to $480.0 over the last 30 days.</p>
<h3>Axon Enterprise Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721244673_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$20.2</td>
<td>$19.9</td>
<td>$20.0</td>
<td>$330.00</td>
<td>$200.0K</td>
<td style="text-align: right;">465</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$61.8</td>
<td>$60.0</td>
<td>$60.0</td>
<td>$270.00</td>
<td>$90.0K</td>
<td style="text-align: right;">13</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$17.9</td>
<td>$17.6</td>
<td>$17.73</td>
<td>$480.00</td>
<td>$79.7K</td>
<td style="text-align: right;">47</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$121.2</td>
<td>$118.0</td>
<td>$119.09</td>
<td>$200.00</td>
<td>$59.5K</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>AXON</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$45.6</td>
<td>$44.4</td>
<td>$44.4</td>
<td>$340.00</td>
<td>$44.4K</td>
<td style="text-align: right;">32</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About Axon Enterprise</h3>
<p>Axon Enterprise Inc develops, manufactures, and sells conducted energy devices and cloud-based digital evidence management software designed for use by law enforcement, corrections, military forces, private security personnel, and private individuals for personal defense. The company operates in two segments: Taser and software &amp; sensors. Taser develops and sells CEDs used for protecting users and virtual reality training. Software and sensors manufacture fully integrated hardware and cloud-based software solutions such as body cameras, automated license plate reading, and digital evidence management systems. Axon delivers its products worldwide and derives the majority of its revenue from the software &amp; sensors segment and geographically from the United States.</p>
<h3>Where Is Axon Enterprise Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 467,950, the AXON's price is up by 0.08%, now at $319.67. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 20 days.</li>
</ul>
<h3>What The Experts Say On Axon Enterprise</h3>
<p>2 market experts have recently issued ratings for this stock, with a consensus target price of $382.5.</p>
<ul>
<li>An analyst from B of A Securities has revised its rating downward to Buy, adjusting the price target to $380. </li>
<li>In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting a price target of $385. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Axon Enterprise, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


AXON

Axon Enterprise Unusual Options Activity

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>M&amp;T Bank</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MTB, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for M&amp;T Bank.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 22% bullish and 66%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $161,980, and 6 are calls, for a total amount of $235,663.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $140.0 to $180.0 for M&amp;T Bank during the past quarter. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for M&amp;T Bank's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across M&amp;T Bank's significant trades, within a strike price range of $140.0 to $180.0, over the past month.</p>
<h3>M&amp;T Bank Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721244668_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>MTB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.3</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$150.00</td>
<td>$85.5K</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MTB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$13.8</td>
<td>$13.5</td>
<td>$13.5</td>
<td>$155.00</td>
<td>$81.0K</td>
<td style="text-align: right;">224</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MTB</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$13.8</td>
<td>$13.2</td>
<td>$13.2</td>
<td>$175.00</td>
<td>$39.6K</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MTB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$1.45</td>
<td>$1.2</td>
<td>$1.45</td>
<td>$160.00</td>
<td>$39.4K</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">33</td>
</tr>
<tr>
<td>MTB</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.8</td>
<td>$3.4</td>
<td>$3.7</td>
<td>$140.00</td>
<td>$37.0K</td>
<td style="text-align: right;">111</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About M&amp;T Bank</h3>
<p>M&amp;T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.</p>
<p>In light of the recent options history for M&amp;T Bank, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Where Is M&amp;T Bank Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 631,684, with MTB's price up by 0.99%, positioned at $164.74.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 1 days.</li>
</ul>
<h3>Expert Opinions on M&amp;T Bank</h3>
<p>Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $165.75.</p>
<ul>
<li>Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on M&amp;T Bank with a target price of $164. </li>
<li>An analyst from Jefferies has decided to maintain their Hold rating on M&amp;T Bank, which currently sits at a price target of $161. </li>
<li>An analyst from Keefe, Bruyette &amp; Woods persists with their Market Perform rating on M&amp;T Bank, maintaining a target price of $170. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a In-Line rating on M&amp;T Bank with a target price of $168. </li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for M&amp;T Bank, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Smart Money Is Betting Big In MTB Options

<p>Extra Space Storage (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXR#NYSE">EXR</a>) has outperformed the market over the past 20 years by 5.32% on an annualized basis producing an average annual return of 13.84%. Currently, Extra Space Storage has a market capitalization of $34.89 billion. </p>
<p><strong>Buying $1000 In EXR:</strong> If an investor had bought $1000 of EXR stock 20 years ago, it would be worth <strong>$13,360.00</strong> today based on a price of $164.81 for EXR at the time of writing.</p>
<h3>Extra Space Storage's Performance Over Last 20 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1721244628_0.png" alt="comp_fig" /></p>
<p>Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Here's How Much You Would Have Made Owning Extra Space Storage Stock In The Last 20 Years

<p>The Federal Reserve&#8217;s latest Beige Book, covering late May through early July, showcases ongoing slight to modest economic <a href="https://www.benzinga.com/topic/macro-economic-events">growth in most Districts. </a></p>
<p>However, the report reveals seven Districts noting growth while five experiencing flat or declining activity, marking an uptick in Districts with stagnant or reduced economic performance compared <a href="https://www.benzinga.com/economics/macro-economic-events/24/05/39072594/fed-beige-book-shows-modest-economic-expansion-ahead-of-key-gdp-inflation-data-re">to the previous period.</a></p>
<p>Household spending has remained largely unchanged during the period. &#8220;It looks like the economy will experience that soft landing as pricing pressures ease and consumers moderate spending patterns,&#8221; <strong>Jeffrey Roach</strong>, chief economist for<strong> </strong>LPL Financial, commented. </p>
<p>Roach anticipates businesses becoming more selective in their hiring, potentially leading to smaller payrolls. He advises investors to focus on new orders, unemployment claims, and select commodity prices as leading indicators of future economic growth.</p>
<h3 class="wp-block-heading">Key Insights from July&#8217;s Fed Beige Book</h3>
<h4 class="wp-block-heading">Consumer Spending and Retail</h4>
<ul>
<li><strong>Overall Activity</strong>: Household spending was steady, with varied consumer behavior across different regions.</li>
<li><strong>Auto Sales</strong>: The automotive sector showed mixed results, hindered by a cyberattack on dealerships and persistently high interest rates.</li>
<li><strong>Travel and Tourism</strong>: This sector continued its steady growth, aligning with seasonal expectations.</li>
</ul>
<h4 class="wp-block-heading">Manufacturing and Services</h4>
<ul>
<li><strong>Nonfinancial Services</strong>: Service demand saw slight growth, with regional variations.</li>
<li><strong>Manufacturing</strong>: Activity ranged from moderate growth to noticeable declines, reflecting broader economic uncertainties.</li>
<li><strong>Transportation</strong>: Retail restocking efforts contributed to a slight increase in transportation activity, but tight capacity in ocean shipping drove up spot rates.</li>
</ul>
<h4 class="wp-block-heading">Lending and Real Estate</h4>
<ul>
<li><strong>Credit Standards</strong>: Most Districts reported subdued demand for consumer and business loans, influenced by tight credit conditions.</li>
<li><strong>Housing Market</strong>: Residential and commercial real estate markets showed only slight changes, with some regions reporting stabilization and others noting continued softness.</li>
</ul>
<h4 class="wp-block-heading">Energy and Agriculture</h4>
<ul>
<li><strong>Energy Activity</strong>: The sector&#8217;s performance varied by region.</li>
<li><strong>Agriculture</strong>: Conditions were mixed, influenced by sporadic droughts and other environmental factors.</li>
</ul>
<h4 class="wp-block-heading">Labor Markets</h4>
<ul>
<li><strong>Employment</strong>: Overall, employment levels increased slightly. However, certain sectors, particularly manufacturing, saw declines due to reduced new orders.</li>
<li><strong>Labor Availability</strong>: There was a reported improvement in labor supply across most Districts, although skilled-worker shortages persisted.</li>
<li><strong>Wage Growth</strong>: Wages grew at a modest to moderate pace, with some slowing observed due to increased worker availability and reduced competition for employees.</li>
</ul>
<h4 class="wp-block-heading">Prices</h4>
<ul>
<li><strong>Price Increases</strong>: Prices generally rose at a modest pace, with several Districts highlighting consumer resistance to higher prices, leading to narrower profit margins.</li>
<li><strong>Retail Discounts</strong>: Retailers continued to offer discounts to attract cost-conscious consumers.</li>
<li><strong>Input Costs</strong>: While most Districts reported stabilizing input costs, Atlanta noted significant increases in prices for copper and electrical supplies.</li>
</ul>
<h4 class="wp-block-heading">Notable District Developments</h4>
<ul>
<li><strong>Boston: </strong>Modest growth with slight price and wage increases. Residential real estate improved; commercial activity flat.</li>
<li><strong>New York: </strong>Stable activity with easing labor market. Slight increases in consumer spending and inventory; home sales constrained.</li>
<li><strong>Philadelphia:</strong> Slight growth driven by nonmanufacturing sector. Modest wage and price inflation; mixed future growth expectations.</li>
<li><strong>Cleveland:</strong> Slight decline in activity. Consumer spending and demand for manufactured goods softened.</li>
<li><strong>Richmond: </strong>Slight growth with modest consumer spending and increased leisure travel. Wage growth outpaced price growth.</li>
<li><strong>Atlanta: </strong>Flat activity with stable labor markets and eased wage growth. Mixed trends in transportation and energy.</li>
<li><strong>Chicago: </strong>Slight growth with modest employment and wage increases. Slight rises in consumer and business spending; manufacturing and construction declined.</li>
<li><strong>St. Louis</strong>: Slight growth with mixed consumer spending. Stable agriculture due to high rainfall.</li>
<li><strong>Minneapolis</strong>: Slight decline with moderate wage pressures. Mixed consumer spending and improvements in construction.</li>
<li><strong>Kansas City</strong>: Moderate growth driven by robust consumer spending. Stable employment; strong labor market-supported wage growth.</li>
<li><strong>Dallas: </strong>Slight growth led by nonfinancial services, finance, and energy. Weaker housing demand and retail sales; stable manufacturing.</li>
<li><strong>San Francisco</strong>: Stable activity and employment with slight wage and price growth. Declines in retail sales; mixed trends in services, manufacturing, and real estate.</li>
</ul>
<p>Read now: </p>
<ul>
<li><strong><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39823332/nasdaq-100-suffers-worst-day-in-11-months-as-chipmakers-tumble-on-china-curbs-magnificent-">Nasdaq 100 Suffers Worst Day In 11 Months As Chipmakers Tumble On China Curbs; Magnificent 7 Wipe Out $500B : What&#8217;s Driving Markets Wednesday?</a></strong></li>
</ul>
<p><em>Image created using artificial intelligence via Midjourney.</em></p>


Analyst Color

Macro Economic Events

Topics

Econ #s

Economics

Federal Reserve

July Fed Beige Book Shows More Underperforming Districts: 'The Economy Will Experience That Soft Landing'

<p><strong>U.S. Silica Holdings, Inc. </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slca#NYSE">SLCA</a>) announced the shareholder approval of its acquisition by funds managed by affiliates of Apollo, a premier investment firm. This all-cash transaction was approved during a special meeting of the company&#39;s stockholders on Jul 16, 2024. The closing of the Merger is subject to the terms and conditions outlined in the agreement, with an expected completion before the end of the current quarter.</p>
<p>At the Special Meeting, approximately 78% of the company&#39;s outstanding shares were voted on, with over 75% approving the merger. The company plans to file the final voting results in a Current Report on Form 8-K with the SEC.</p>
<p>U.S. Silica, in April 2024, announced that its shareholders would receive $15.50 in cash per share of common stock at the time of the deal&#39;s closure. Following the transaction&#39;s completion, the company will go private and be delisted from the New York Stock Exchange. However, U.S. Silica will continue to operate under the same name and brand, led by its current CEO and executive team.</p>
<p>U.S. Silica&#39;s shares are up 19.3% in the past year compared with a 1.4% fall in the&nbsp;industry.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a0/71576.jpg?v=1838178360" /></p>
<p>Image Source: Zacks Investment Research</p>
<p>SLCA recorded first-quarter adjusted earnings of 20 cents per share, down from 64 cents in the year-ago quarter, missing the Zacks Consensus Estimate of 21 cents. The company reported revenues of $325.9 million, down approximately 26% year over year and lagging the Zacks Consensus Estimate of $338.5 million.</p>
<div class="chart_embed">
<h3>U.S. Silica Holdings, Inc. Price and Consensus</h3>
<p><img alt="U.S. Silica Holdings, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/14/1721203423.png" style="height:265px; width:576px" title="" /></p>
<p><span style="font-size:13px">U.S. Silica Holdings, Inc. price-consensus-chart</span><span style="font-size:13px"> | U.S. Silica Holdings, Inc. Quote</span></p>
</div>
<h3>Zacks Rank &amp; Key Picks</h3>
<p>U.S. Silica currently carries a Zacks Rank #3 (Hold).</p>
<p>Some better-ranked stocks in the Basic Materials space are <strong>Carpenter Technology Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>), <strong>Eldorado Gold Corporation&nbsp;</strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>) and <strong>Kinross Gold Corporation </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kgc#NYSE">KGC</a>). Carpenter Technology and Eldorado Gold sport a Zacks Rank #1 (Strong Buy), and Kinross carries a Zacks Rank #2.</p>
<p>The Zacks Consensus Estimate for CRS&#39;s current-year earnings is pegged at $4.35, indicating a year-over-year rise of 282%. CRS&#39; earnings beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, the average earnings surprise being 15.1%. The company&#39;s shares have soared 111.5% in the past year.</p>
<p>The Zacks Consensus Estimate for EGO&#39;s current-year earnings is pegged at $1.09, indicating a year-over-year rise of 91.2%. EGO&#39;s earnings estimates have increased 10% in the past 60 days. EGO beat the consensus estimate in the last four quarters, with the average earnings surprise being 430.7%. The stock has rallied 50.7% in the past year.</p>
<p>The Zacks Consensus Estimate for Kinross&#39;s current-year earnings is pegged at 52 cents, indicating a rise of 18.2% from the year-ago levels. KGC beat the consensus in the last four quarters, with the average earnings surprise being 46%. The stock has surged nearly 79.9% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2303696/u-s-silica-s-slca-acquisition-by-apollo-gets-shareholders-nod?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2303696">To read this article on Zacks.com click here.</a></p>


Earnings

Earnings Beats

Small Cap

SLCA

U.S. Silica's Acquisition by Apollo Gets Shareholders' Nod

<p><a href="https://www.bloomberg.com/news/articles/2024-07-17/conn-s-plans-mass-store-closings-ahead-of-possible-bankruptcy?sref=y3YMCJ4e">https://www.bloomberg.com/news/articles/2024-07-17/conn-s-plans-mass-store-closings-ahead-of-possible-bankruptcy?sref=y3YMCJ4e</a></p>
<p>Furniture retailer <a href="https://www.bloomberg.com/quote/CONN:US">Conn's Inc.</a> is planning to shutter around 100 locations and liquidate the inventory as part of a bankruptcy filing <a href="https://www.bloomberg.com/news/articles/2024-07-01/retailer-conn-s-mulls-bankruptcy-filing-amid-sales-declines">planned</a> for the coming weeks, according to people with knowledge of the matter.</p>
<p>The company has also been huddling with investors in search of financing to help fund its bankruptcy process, according to some of the people, who asked not to be named discussing private information.</p>


CONN

'Furniture Retailer Conn's Plans Mass Store Closings Ahead Of Possible Bankruptcy; Liquidations Would Shutter More Than 40% Of Company's Stores; Furniture Chain Acquired A Rival Last Year To Expand Reach' - Bloomberg News

<p><strong>WaFd, Inc.</strong>&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wafd#NASDAQ">WAFD</a>) third-quarter fiscal 2024 (ended Jun 30) adjusted earnings of 76 cents per share handily surpassed the Zacks Consensus Estimate of 59 cents. Also, the bottom line rose 4.1% sequentially.</p>
<p>The quarter marked the first full quarter after the completion of the acquisition of Luther Burbank Corporation (LBC).</p>
<p>The results reflected a rise in net interest income (NII) and other income, which aided the top line. Also, higher loan balances and lower provisions were other positives. However, a rise in expenses and a slight decline in the deposit balance acted as spoilsports.</p>
<p>Results in the reported quarter excluded merger-related costs and certain non-operating expenses. After considering those, net income available to common shareholders (GAAP basis) was $60.9 million or 75 cents per share, significantly up from $12.2 million or 17 cents per share in the prior quarter.</p>
<h3>Revenues Rise, Expenses Up</h3>
<p>Adjusted net revenues were $193.4 million, rising 11.2% from the prior quarter. Also, the top line surpassed the Zacks Consensus Estimate of $180.6 million.</p>
<p>NII came in at $177.2 million, growing 11.7% sequentially. The net interest margin was 2.56%, contracting 17 basis points (bps). Our estimates for NII and NIM were $166.8 million and 2.74%, respectively.</p>
<p>The total adjusted other income of $16.2 million rose 5.9%. Our estimate for the metric was $14.5 million.</p>
<p>Total adjusted other expenses were $107.8 million, up 5.9%. The rise was due to an increase in all the components. Our estimate for the metric was $114.8 million. During the reported quarter, WaFd recorded $2.3 million of merger-related expenses for the LBC deal.</p>
<p>The company&#39;s adjusted efficiency ratio was 55.7%, down from 58.5% in the prior quarter. A fall in the efficiency ratio reflects improved profitability.</p>
<p>As of Jun 30, 2024, net loans receivable were $20.9 billion, growing marginally from the prior quarter. During the quarter, the company sold $2.8 billion of acquired multifamily loans.</p>
<p>Total customer deposits were $21.2 billion, recording a slight fall.&nbsp;</p>
<p>At the end of the fiscal third quarter, the adjusted return on average common equity was 9.36%, up from 8.74% at the end of the prior quarter. Adjusted return on average assets was 0.88%, stable on a sequential basis.</p>
<h3>Credit Quality: A Mixed Bag</h3>
<p>As of Jun 30, 2024, allowance for credit losses (including reserve for unfunded commitments) was 1% of gross loans outstanding, stable from the prior quarter end.</p>
<p>In the reported quarter, the provision for credit losses was $1.5 million compared with $16 million provisions in the previous quarter.</p>
<p>The ratio of non-performing assets to total assets was 0.24%, up 1 bp.</p>
<h3>Share Repurchase Update</h3>
<p>During the quarter, WAFD repurchased 0.36 million shares at an average price of $26.63 per share.</p>
<p>In May, the company increased the buyback authorization by 10 million shares. As of Jun 30, 2024, approximately 11.5 million shares remained available under the authorization.</p>
<h3>Our Viewpoint</h3>
<p>Decent loan growth, higher interest rates and a robust balance sheet are likely to continue aiding WAFD&#39;s financials. The LBC acquisition expanded the company&#39;s presence in the lucrative California market and will be accretive to earnings in fiscal 2025. However, elevated expenses and an expected economic slowdown are near-term headwinds.</p>
<div class="chart_embed">
<h3>WaFd, Inc. Price, Consensus and EPS Surprise</h3>
<p><img alt="WaFd, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/00/1721219140.png" style="height:265px; width:577px" title="" /></p>
<p><span style="font-size:13px">WaFd, Inc. price-consensus-eps-surprise-chart</span><span style="font-size:13px"> | </span><span style="font-size:13px">WaFd, Inc. Quote</span></p>
</div>
<p>Currently, WAFD carries a Zacks Rank #3 (Hold).</p>
<h3>Earnings Dates &amp; Expectations of Other Banks</h3>
<p><strong>BankUnited </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bku#NYSE">BKU</a>) is scheduled to announce second-quarter 2024 numbers on Jul 18.</p>
<p>Over the past 30 days, the Zacks Consensus Estimate for BKU&#39;s quarterly earnings has been revised 1.5% down to 65 cents, suggesting a 16.7% decline from the prior-year reported number.</p>
<p><strong>Commerce Bancshares</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cbsh#NASDAQ">CBSH</a>) is also set to announce second-quarter 2024 numbers on Jul 18.</p>
<p>Over the past month, the Zacks Consensus Estimate for CBSH&#39;s quarterly earnings has moved 3.4% north to 91 cents. This implies a 6.2% decrease from the prior-year quarter.</p>
<p><a href="https://www.zacks.com/stock/news/2303592/wafd-s-q3-earnings-beat-estimates-revenues-rise-on-lbc-deal?cid=CS-BENZ-FT-analyst_blog|earnings_article-2303592">To read this article on Zacks.com click here.</a></p>


CBSH

WAFD

WAFD's Q3 Earnings Beat Estimates, Revenues Rise on LBC Deal

<p><strong>Aehr Test Systems </strong>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) shares are soaring Wednesday following<a href="https://www.benzinga.com/pressreleases/24/07/ac39803522/aehr-test-systems-reports-fiscal-2024-fourth-quarter-and-full-year-financial-results-and-provides"> robust fiscal Q4 2024 results and optimistic FY25 guidance. </a></p>
<p><strong>What Happened: </strong>The semiconductor test equipment supplier <a href="https://www.benzinga.com/pressreleases/24/07/ac39803522/aehr-test-systems-reports-fiscal-2024-fourth-quarter-and-full-year-financial-results-and-provides">reported fourth-quarter net revenue</a> of $16.6 million, beating estimates of $15.44 million. Non-GAAP net income of $0.84 per share, beating the consensus estimate of $0.10.</p>
<p>For the fiscal year, Aehr achieved a record net revenue of $66.2 million. </p>
<p>Looking ahead, Aehr projects fiscal year 2025 revenue of at $70 million, surpassing the $65.1 million consensus estimate.</p>
<p><strong>What Else: </strong>CEO <strong>Gayn Erickson</strong> also highlighted the role of silicon carbide power semiconductors in the company's success, driven by demand in the electric vehicle (EV) market. <a href="https://www.benzinga.com/pressreleases/24/07/ac39803528/aehr-receives-12-7-million-in-orders-for-fox-waferpak-tm-full-wafer-contactors-to-support-product">Aehr received $12.7 million in orders</a> for its FOX WaferPak full wafer Contactors, reinforcing its strong position in the silicon carbide market. The company also announced the acquisition of Incal Technology, <a href="https://www.benzinga.com/pressreleases/24/07/ac39803576/aehr-test-systems-to-acquire-incal-technology-expanding-its-addressable-market-within-the-rapidly">expanding its reach into the AI semiconductor market.</a></p>
<p><strong>AEHR Price Action: </strong>Aehr Test systems shares were up by 23.7% at $20.84 according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a></p>
<p><figure class="wp-block-image size-large is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071724&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="541" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17142116/AEHR-1024x541.png" alt="" class="wp-image-441493" style="width:479px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17142116/AEHR-1024x541.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17142116/AEHR-300x159.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17142116/AEHR-768x406.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/17142116/AEHR.png 1069w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure></p>
<p><strong>See Also: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39822984/whats-in-store-for-microsoft-in-q4-analyst-sees-azure-strength-double-digit-revenue">What&#8217;s In Store For Microsoft In Q4? Analyst Sees Azure Strength, Double-Digit Revenue Growth Outlook</a></strong></li>
</ul>
<p><em>Photo Courtesy: buffaloboy on Shutterstock.</em></p>
