Goldman Sachs ETF Trust Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (ARCA: GVUS)

Latest news for Goldman Sachs ETF Trust Goldman Sachs MarketBeta Russell 1000 Value Equity ETF (ARCA:GVUS)

Financial Services

Industrials

Healthcare

Technology

Energy

Consumer Defensive

Consumer Cyclical

Utilities

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The Fund seeks to achieve its investment objective by investing at least 80% of its assets (exclusive of collateral held from securities lending) in equity securities included in its underlying index, in depositary receipts representing equity securities included in its underlying index, and in underlying stocks in lieu of depositary receipts included in its underlying index.

Berkshire Hathaway Inc. (Class B)

Jpmorgan Chase & Co.

Exxon Mobil Corp - Common

Unitedhealth Group Inc

Johnson & Johnson

Wal Mart Stores Inc

Procter & Gamble Company

Bank Of America Corp

Chevron Corp.

Thermo Fisherscientific Inc.

Goldman Sachs MarketBeta Russell 1000 Value Equity ETF

Goldman Sachs ETF Trust Goldman Sachs MarketBeta Russell 1000 Value Equity ETF

The <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41319060/s-p-500-extends-record-highs-dow-breaks-43-000-ahead-of-pivotal-earnings-week-bitco">S&amp;P 500 and the Dow Jones Industrial Average are perched at record highs</a>, while the Nasdaq Composite is on the cusp of joining its major counterparts in record territory. Unfazed by the stretched valuations, CNBC Mad Money host Jim Cramer on Monday raised the specter of further upside. 
Earnings Boost: The market isn&#8217;t overbought and therefore there is room to run, Cramer said in a post. The stock picker apparently sees earnings as one of the biggest catalysts that can propel stocks higher.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Earnings tomorrow and the market isn&#39;t overbought so there is room to run but the pesky bonds are back open tomorrow and they have been horrendous
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1845938169478361260?ref_src=twsrc%5Etfw">October 14, 2024</a></blockquote>
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 The earnings flow resumes after a pause on Monday owing to the Columbus Day holiday. 
See Also: <a href="https://www.benzinga.com/money/best-small-cap-stocks">Best Small Cap Stocks</a>
JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) kickstarted the big bank earnings on Friday with a splash. The shares ended the session up over 4% after the third-quarter results came in ahead of expectations. JPMorgan&#8217;s peer Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) also reported encouraging earnings.
More earnings will follow on Tuesday and notable among those reporting are:
<ul>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</li>
<li>Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</li>
<li>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</li>
<li>Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</li>
<li>PNC Financial Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNC#NYSE">PNC</a>)</li>
<li>Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>)</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>)</li>
<li>Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>)</li>
<li>J.B. Hunt Transport Services, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>)</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)</li>
</ul>
Data compiled by FactSet shows cumulative earnings of S&amp;P 500 companies rising by 4.1% in the third quarter. Although a slowdown from the 11.2% growth in the second quarter, the profit growth streak will likely extend to five quarters.
Downside Risk: Cramer termed the bond market performance &#8220;horrendous,&#8221; potentially upsetting the equity market&#8217;s rhythm. &#8220;But the pesky bonds are back open tomorrow and they have been horrendous,&#8221; he said.
The bond market was closed on Monday and will reopen on Tuesday.
Bond yields have begun to tick higher, especially after the September non-farm payrolls report surprised to the upside. The upward move solidified after the consumer price inflation for September came in more than expected. 
The 10-year bond yield dipped under 3.6% in mid-September but has rallied above 4% since then, as investors unwind some of their aggressive rate-cut bets.
In an interview with CNBC, Fund Strat Head of Research Tom Lee said the unseasonable market trend showed macro data has become less important. A lot of cash that has remained on the sidelines is flowing back to the market, he said, adding that the economy has remained resilient as opposed to expectations for a recession.
When asked about the days when the market came back up from steep losses in the futures market and finished solidly higher, the strategist said skeptical investors, wary of a potential recession that never materialized, have remained under-invested in stocks. <a href="https://www.benzinga.com/24/10/41300013/jp-morgan-and-wells-fargo-report-better-than-expected-q3-results-that-reflect-resilient-u-s-consumer">Earnings have also been resilient, </a>he added.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), an exchange-traded fund that tracks the S&amp;P 500 Index, rose 0.82% to $584.32 on Monday, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data, </a>marking a record closing high. 
Image via Flickr

Analyst Color

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JBHT

SCHW

Jim Cramer Says Earnings Season Will Fuel Market's Record Run, But Warns Of This 'Horrendous' Headwind That Could Apply Brakes To Rally

Oculis Holding AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCS#NASDAQ">OCS</a>) ("Oculis"), a global biopharmaceutical company purposefully driven to save sight and improve eye care, today announced that an update on the DIAMOND Phase 3 program with OCS-01, an OPTIREACH&#xAE; formulation of high concentration dexamethasone eye drop, for diabetic macular edema (DME) will be presented by David Eichenbaum, M.D. at Innovate Retina. In addition, Riad Sherif, M.D., Oculis' Chief Executive Officer, will be presenting at Eyecelerator 2024, ahead of the American Academy of Ophthalmology Annual Meeting where Oculis will be exhibiting (booth 5452). &nbsp;
Both presentations from Dr. Eichenbaum and Dr. Sherif will highlight the robust results with OCS-01 eye drops in DME from Stage 1 of the DIAMOND program at Week 12 and will present the design of Stage 2 to assess the efficacy and safety of OCS-01 eye drops for the treatment of DME at Week 52. Both Phase 3 trials (DIAMOND-1 and DIAMOND-2) are ongoing and aim to enroll 350 patients each.
Furthermore, Dr. Sherif's presentation will highlight upcoming near-term milestones, including the topline results from the ACUITY Phase 2 trial with OCS-05 for the treatment of acute optic neuritis, anticipated before the end of 2024.
Eyecelerator 2024 Format: Corporate presentation Session: Retina Showcase Presenter: Riad Sherif, MD, Chief Executive Officer Presentation date and time: October 17, 2024 at 2:06 pm CT Location: McCormik Place, Chicago, IL
Innovate Retina Presentation title: OCS-01: novel topical approach for macular edema Session: New Routes and New Molecules Presenter: David Eichenbaum, MD Presentation date and time: October 17, 2024 at 5:31 pm CT Location: InterContinental Chicago Magnificent Mile, Chicago, IL
David Eichenbaum, M.D. is a board-certified ophthalmologist, fellowship-trained in diseases and surgery of the vitreous and retina and he is a Partner and Director of Research at Retina Vitreous Associates of Florida. Dr. Eichenbaum has served as Principal Investigator in over 90 Phase 1 though Phase 4 clinical trials and has published over 70 articles in professional journals, published multiple textbook chapters and regularly presents his work in scientific congresses. He also serves on numerous Clinical and Scientific Advisory Boards and National Executive Steering Committees for both commercial and pipeline products. Dr. Eichenbaum completed the Medical Honors Program at the University of South Florida, earning his undergraduate and medical degree in Tampa. He completed his Ophthalmology residency at the University of South Florida, where he served as Chief Resident, and completed his two-year Surgical Retina fellowship at Tufts New England Eye Center and Ophthalmic Consultants of Boston.

Oculis Showcases Results for Diabetic Eye Treatment at Innovate Retina and Eyecelerator 2024

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index moved to the &#8220;Extreme Greed&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the Dow Jones index closing the session above the 43,000 level for the first time. The S&amp;P 500 also surged to record highs during the session.
U.S. major averages also recorded gains for the fifth straight week, with the S&amp;P 500 and Nasdaq adding 1.1% each, while the Dow gained 1.2% last week.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, real estate, and utilities stocks recording the biggest gains on Monday. However, energy stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 201 points to 43,065.22 on Monday. The S&amp;P 500 rose 0.77% to 5,859.85, while the Nasdaq Composite rose 0.87% to close at 18,502.69 during Monday's session.
Investors are awaiting earnings results from Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), and The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 76, the index moved to the &#8220;Extreme Greed&#8221; zone on Monday, versus a prior reading of 74.6.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/24/10/41320317/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-and-telecom-stocks-with-over-4-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 4% Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

Dow Settles Above 43K For First Time Ahead Of Big Earnings: Fear Index Moves To 'Extreme Greed' Zone

Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) will release earnings results for its fourth quarter, before the <a href="https://www.benzinga.com/quote/WBA/earnings">opening bell on Tuesday, Oct. 15.</a>
Analysts expect the Deerfield, Illinois-based company to report quarterly earnings at 36 cents per share, down from 67 cents per share in the year-ago period. Walgreens projects to report revenue of $35.75 billion for the quarter, compared to $35.42 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Walgreens shares fell 2.3% to close at $9.00 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/TJX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Morgan Stanley analyst Erin Wright maintained an Underweight rating and cut the price target from $9 to $7 on Oct. 11. This analyst has an accuracy rate of 76%.</li>
<li>Truist Securities analyst David Macdonald maintained a Hold rating and cut the price target from $13 to $10 on Oct. 7. This analyst has an accuracy rate of 74%.</li>
<li>UBS analyst Kevin Caliendo maintained a Neutral rating and slashed the price target from $17 to $12 on July 3. This analyst has an accuracy rate of 72%.</li>
<li>RBC Capital analyst Ben Hendrix maintained a Sector Perform rating and cut the price target from $22 to $13 on July 2. This analyst has an accuracy rate of 70%.</li>
<li>Deutsche Bank analyst Scott George Hill maintained a Hold rating and lowered the price target from $23 to $22 on April 3. This analyst has an accuracy rate of 63%.</li>
</ul>
Considering buying WBA stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="485" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15035732/image-105-1024x485.png" alt="" class="wp-image-595414" style="width:604px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15035732/image-105-1024x485.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15035732/image-105-300x142.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15035732/image-105-768x364.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/15035732/image-105.png 1367w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/markets/24/10/41320317/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-and-telecom-stocks-with-over-4-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 4% Dividend Yields</a></li>
</ul>

Price Target

Analyst Ratings

Walgreens Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Owned by former Microsoft Corp. CEO Steve Ballmer, the Intuit Dome, <a href="https://www.benzinga.com/24/09/40760154/will-bezos-buy-the-celtics-or-not-latest-reports-say-that-he-will">the new home</a> of the LA Clippers, is making headlines for its unique approach to enriching the fan experience.
What Happened: In an interview with &#8220;60 Minutes,&#8221; Ballmer, who led <a href="https://www.benzinga.com/markets/equities/24/07/39588200/bill-gates-hired-steve-ballmer-as-the-first-business-manager-at-microsoft-and-now-is-behind-him-">Microsoft for over 13 years</a>, expressed his dislike for long lines, particularly in stadium bathrooms.
This is why, the Intuit Dome, a $2 billion project funded by Ballmer, boasts over 1,400 toilets and&nbsp;urinals. The idea behind this is to reduce wait times and get fans back into the game quicker.
&#8220;I really hate it when&nbsp;people wait in line,&#8221; Ballmer&nbsp;said during the interview noting that he believes that&nbsp;waiting in line for the&nbsp;bathroom &#8220;stops people from getting&nbsp;back into the game.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/10/41284533/nvidias-blackwell-chip-faces-amds-mi350-challenge-in-2025-ceo-lisa-su-says-beginning-not-the-end-of?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Nvidia&#8217;s Blackwell Chip Faces AMD&#8217;s MI350 Challenge In 2025: CEO Lisa Su Says, &#8216;Beginning, Not The End Of The AI Race&#8217;</a>
&#8220;I sweated more at Microsoft but I don&#8217;t worry any less at the Clippers and I don&#8217;t worry about the revenue and the day-to-day, he stated, adding, &#8220;Winning, I do worry about winning.&#8221;
The Intuit Dome also features&nbsp;high-tech additions such as sensors to gauge fan enthusiasm and&nbsp;a massive, double-sided &#8220;Halo&#8221; screen&nbsp;made up of over 70&nbsp;LED displays.
&#8220;We have sensors around the building that can tell down to the individual seat level how loud you are. Now, we&#8217;re not listening to your conversation, but let&#8217;s say we say okay for this game, the person who produces the most decibels the most consistently will get a free hamburger the next game,&#8221; Ballmer said.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It Matters: Ballmer&#8217;s wealth has been a significant factor in his ability to fund such ambitious projects. 
Earlier this year in July, Ballmer&#8217;s net worth<a href="https://www.benzinga.com/news/24/07/39656863/steve-ballmer-is-now-worth-just-as-much-as-if-not-more-than-his-old-boss-bill-gates"> briefly surpassed that of</a> Microsoft co-founder Bill Gates, with both estimated to be worth $158 billion each.
At the time of writing, Ballmer had a net worth of $146 billion, making him the eighth on the Bloomberg Billionaire <a href="https://www.bloomberg.com/billionaires/">Index</a>.
In 2007, Ballmer infamously mocked the iPhone, saying, "$500? Fully subsidized? With a plan? I said that is the most expensive phone in the world.&#8221;
In the same interview with 60 Minutes, Ballmer expressed regret, saying, they missed the boat on phones.
He stated that several key engineers were focused on other projects and that they approached the phone market with a mindset too similar to their Windows strategy, which ultimately didn&#8217;t work.
Ballmer also acknowledged that a shift in thinking was needed much earlier.
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Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/24/10/41301420/end-of-an-era-apples-16-year-old-accessory-is-out-of-stock-worldwide?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">End Of An Era? Apple&#8217;s 16-year-Old Accessory Is Out Of Stock Worldwide</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Sports

Tech

Ex-Microsoft CEO Steve Ballmer's $2B Intuit Dome, Home Of LA Clippers, Aims To Resolve This Hurdle In Delivering The Ultimate Fan Experience: 'Hate It When People Wait In Line'

China is reportedly considering issuing 6 trillion yuan, approximately $850 billion, in ultra-long special treasury bonds over the next three years. This potential move aims to bolster the nation&#8217;s slowing economy through fiscal stimulus.
What Happened: Sources indicate that the funds from these bonds will be partially used to help local governments manage their hidden debts. This speculation follows the Ministry of Finance&#8217;s announcement to address local government debt pressures, although specific figures were not disclosed during a recent press briefing, according to a <a href="https://www.caixinglobal.com/2024-10-14/exclusive-china-may-issue-6-trillion-yuan-in-treasury-bonds-to-buttress-economy-102245341.html">report</a> by Caixin Global on Tuesday.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41322578/teslas-chinese-rivals-move-to-calm-fears-of-an-european-invasion-that-threatens-legacy-players-n?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla&#8217;s Chinese Rivals Move To Calm Fears Of An European &#8216;Invasion&#8217; That Threatens Legacy Players: &#8216;Not Going To Overthrow Anybody Who&#8217;s Developed Over 100 Years&#8217;</a>
Xing Zhaopeng, a senior China strategist at ANZ, shared with Reuters that this development aligns with expectations. He stated, &#8220;For next year, we still think a growth target of around 5% is likely to be maintained. So, for a 5% growth rate, that should be enough.&#8221;
Why It Matters: The anticipation of China&#8217;s fiscal stimulus has been a significant factor influencing investor sentiment. Recently, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41316058/chinese-stocks-etfs-struggle-as-multi-trillion-yuan-stimulus-hopes-fall-short-yet-m">U.S.-listed Chinese stocks</a> experienced a downturn as investors were left underwhelmed by a high-level briefing from Chinese authorities that did not meet expectations for substantial economic measures. Despite hints of increased fiscal support, the absence of a large-scale package has left traders disappointed.
Stocks such as Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) have seen declines of 6% to over 8% in the past five days. Similarly, Chinese electric vehicle stocks like NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) and XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) <a href="https://www.benzinga.com/government/24/10/41312039/whats-going-on-with-us-listed-chinese-stocks-alibaba-baidu-nio-xpeng-on-monday">have also traded lower</a>, with other EV stocks, including Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), losing over 3% to 11% in the same period.
Price Action: According to <a href="https://pro.benzinga.com">Benzinga Pro</a>, at the time of writing on Tuesday during the after-hours, Invesco Golden Dragon China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>) was showed a 2.13% decline while iShares MSCI China Multisector Tech ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCHI#NASDAQ">TCHI</a>) was up by 4.28%, Meanwhile, iShares China Large Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) was up by 0.27%, while iShares MSCI China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NASDAQ">MCHI</a>) was down by 0.35%.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/24/10/41182930/china-was-tipping-into-a-japan-style-lost-decade-of-deflation-and-stagnation-before-late-septemb?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">China Was Tipping Into A Japan-Style &#8216;Lost Decade&#8217; Of Deflation And Stagnation Before Late-September Stim</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

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TCHI

XPEV

As China's Stimulus Hype Wanes, Beijing Reportedly Weighs $850B Special Treasury Bonds To Stimulate Economy And Tackle Local Debt

SpaceX&#8216;s next generation of <a href="https://www.benzinga.com/topic/starlink">Starlink satellites</a> will be so big that it can only be launched by the company&#8217;s bigger Starship launch vehicle, company CEO Elon Musk said on Monday.
What Happened: SpaceX currently launches its Starlink satellites to the low-Earth orbit on its Falcon rocket. However, the next generation of Starlink satellites would be bigger and would need to be launched on Starship, Musk said, while adding that it would ensure better performance.
SpaceX requested the Federal Communications Commission (FCC) on Friday to modify the operational parameters of its next-generation satellite system.
SpaceX requested authority to lower the altitude of its next-generation Starlink satellites, bringing them closer to Earth, and for permission to use authorized frequencies with more flexibility. Granting these modifications, SpaceX said, will deliver fiber-like broadband and ubiquitous mobile connectivity and help close the digital divide for billions of people. 
&#8220;The next generation Starlink satellites, which are so big that only Starship can launch them, will allow for a 10X increase in bandwidth and, with the reduced altitude, faster latency,&#8221; Musk said on Monday. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The next generation Starlink satellites, which are so big that only Starship can launch them, will allow for a 10X increase in bandwidth and, with the reduced altitude, faster latency <a href="https://t.co/HLYdjjia3o">https://t.co/HLYdjjia3o</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1845884681050276333?ref_src=twsrc%5Etfw">October 14, 2024</a></blockquote>
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</figure>
Why It Matters: Michael Nicolls, VP of Starlink Engineering, had previously hinted at future Starlink launches aboard Starship.
"The next generation Starlink satellite will launch on Starship and deliver gigabit connectivity anywhere in the world,&#8221;&nbsp;Nicolls said&nbsp;on Sunday.&nbsp;Starlink is the <a href="https://www.benzinga.com/news/24/09/41061483/spacexs-starlink-now-connects-4m-customers-with-more-than-6k-operational-satellites-adds-a-million-u">satellite internet division of SpaceX.</a> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The next generation <a href="https://twitter.com/Starlink?ref_src=twsrc%5Etfw">@starlink</a> satellite will launch on Starship and deliver gigabit connectivity anywhere in the world. We got one step closer to that reality today with an amazing Flight 5! <a href="https://t.co/tFvxInrBfU">https://t.co/tFvxInrBfU</a>
&mdash; Michael Nicolls (@michaelnicollsx) <a href="https://twitter.com/michaelnicollsx/status/1845609488570810874?ref_src=twsrc%5Etfw">October 13, 2024</a></blockquote>
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The Starship is the biggest launch vehicle made to date, towering at about 121 meters and capable of carrying up to 150 metric tonnes to space.
In comparison, SpaceX&#8217;s Falcon 9 and Falcon Heavy vehicles are only 70 meters tall.
However, Starship is still undergoing testing and development and is yet to carry any payload to space. Its last test flight was conducted on Sunday and the company <a href="https://www.benzinga.com/news/24/10/41317860/elon-musk-went-from-examining-debris-from-falcon-1-flight-to-spacex-successfully-catching-booster-of">caught the rocket&#8217;s booster back at the launch tower</a> minutes after launch, demonstrating the reusability of its design.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
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<li><a href="https://www.benzinga.com/news/24/10/41308588/tesla-superchargers-increase-on-the-road-to-spacexs-starbase-despite-global-slowdown-in-deployment" target="_blank" rel="noreferrer noopener">Tesla Superchargers Increase On The Road To SpaceX's Starbase Despite Global Slowdown In Deployment</a></li>
</ul>
Photo courtesy: SpaceX

SPACE

Elon Musk Says SpaceX's Next-Generation Starlink Satellites Will Be 'So Big That Only Starship Can Launch Them:' Will Offer 10X Increase In Bandwidth And Reduced Latency

Democratic presidential nominee Kamala Harris is considering appearing on popular podcast Joe Rogan Experience as she looks to secure more male voters in the run-up to the presidential election.
What Happened: Harris&#8217; campaign team has been in discussions with Rogan&#8217;s team, but the interview has not been confirmed yet, Reuters reported on Tuesday, citing sources. 
The podcast, &#8220;The Joe Rogan Experience,&#8221; has a large following of young men, a demographic that Harris is keen to engage with.
Rogan, who hosts the most popular podcast in the United States, has a dedicated audience of millions. An interview with him would provide Harris with a platform to reach out to her supporters, particularly Black male voters, a group that she is actively targeting with her latest policy proposals.
Despite the potential interview with Rogan, Harris&#8217; campaign is also planning an interview with Fox News, a network known for its conservative programming that often supports Donald Trump, the Republican nominee, according to the report.
See Also: <a href="https://www.benzinga.com/news/24/10/41304701/anthony-scaramucci-foresees-harris-win-stay-calm-lets-keep-working?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Anthony Scaramucci Foresees Harris Win: &#8216;Stay Calm, Let&#8217;s Keep Working&#8217;</a>
Trump, who has had public disagreements with Rogan in the past, has also expressed his intention to appear on the podcast before the election. The race between Harris and Trump is currently very close, with the outcome expected to hinge on the results in seven swing states.
Earlier this year, Rogan <a href="https://www.benzinga.com/markets/equities/24/02/36914209/spotify-inks-multiyear-deal-with-podcast-king-joe-rogan-amid-shifting-strategy">secured a new deal</a> with Spotify Technology SA, reportedly valued at up to $250 million.
Harris&#8217; campaign did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga&#8217;s</a> request for comment.
Why It Matters: Harris&#8217; potential appearance on Rogan&#8217;s podcast comes at a time when the issue of male voters has been a focus of the presidential campaign. 
Rogan has been an influential voice in the political landscape, with his podcast reaching millions of young men. His concerns about the potential threat to the First Amendment if Harris were to become president were echoed by Tesla Inc. CEO Elon Musk, who reposted a tweet <a href="https://www.benzinga.com/news/24/09/41067075/elon-musk-reacts-after-joe-rogan-warns-about-threat-to-first-amendment-if-kamala-harris-becomes-pres">highlighting Rogan&#8217;s warning</a>.
Rogan has been a prominent <a href="https://www.benzinga.com/24/10/41143390/joe-rogan-warns-about-ferocious-efforts-to-prevent-trumps-re-election-are-unprecedented">figure in political discussions</a>, often expressing strong opinions on various candidates. Earlier this month, Rogan highlighted what he described as &#8220;unprecedented&#8221; efforts to prevent Trump&#8217;s re-election, mentioning alleged assassination attempts that were not widely covered by the media.
Read Next: 
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<li><a href="https://www.benzinga.com/government/24/10/41308384/mark-cuban-clashes-with-bill-ackman-after-billionaire-fund-manager-calls-kamala-harris-startup-tax-d?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Mark Cuban Clashes With Bill Ackman After Billionaire Fund Manager Calls Kamala Harris&#8217; Startup Tax Deduction Proposal &#8216;Extremely Misleading&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Entertainment

Social Media

Politics

Kamala Harris Eyes Appearance On Joe Rogan Experience To Appeal To Male Voters As Presidential Race With Trump Heats Up: Report

In a significant development, the Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>) team announced a new partnership with financial solutions company Mass, aiming to enhance the financial layer of the &#8216;Shiba State&#8217;.
What Happened: On Monday, the official X account of Shiba Inu revealed that Mass, with its AI-driven legal and fiscal solutions, would build the finance layer of the ambitious but utopian state.
&#8220;Together, we&#8217;re elevating Shib to the next level,&#8221; the post read. 
Kaal Dhairya, a key figure in the ecosystem, reshared the announcement in a typical Shiba Inu-ish style. &#8220;Hold onto your leashes! Shib is teaming up with Mass to build the ulti-mutt financial layer of our Shib network state! Time to unleash the paw-sibilities!&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hold onto your leashes! &#x1f415;&#x1f4a8; Shib is teaming up with Mass to build the ulti-mutt financial layer of our Shib network state! Time to unleash the paw-sibilities! &#x1f9b4;&#x1f4b0; <a href="https://twitter.com/hashtag/ShibMassAdoption?src=hash&amp;ref_src=twsrc%5Etfw">#ShibMassAdoption</a> <a href="https://twitter.com/hashtag/CryptoCanines?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoCanines</a> <a href="https://twitter.com/hashtag/ToTheMoon?src=hash&amp;ref_src=twsrc%5Etfw">#ToTheMoon</a> <a href="https://t.co/OFqtS4T1Pn">https://t.co/OFqtS4T1Pn</a>
&mdash; Kaal (@kaaldhairya) <a href="https://twitter.com/kaaldhairya/status/1845948088772387192?ref_src=twsrc%5Etfw">October 14, 2024</a></blockquote>
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Mass, currently undergoing private beta testing, primarily served funds, incubators, and startups, according to the company&#8217;s website. The firm partnered with global payments giant Stripe for money transmission and account services.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41323012/trump-backed-world-liberty-financial-says-dollar-pegged-stablecoin-and-not-bitcoin-is-the-">Trump-Backed World Liberty Financial Says Dollar-Pegged Stablecoin And Not Bitcoin Is The Best Way To &#8216;Make America Great&#8217;</a>
Why It Matters: This partnership marked a significant step toward the ecosystem&#8217;s vision of a &#8220;Shiba State,&#8221; as <a href="https://shib.io/documents/SHIBPAPER-ABRIDGED-V.1.pdf?ref=the-shib.ghost.io&amp;session_id=449b4030-55c6-4042-a2c4-45ccf79dbcc6">outlined </a>in the &#8220;Shib paper&#8221; released last year.
Over the years, Shiba Inu has tried to rise above its narrow meme coin origins and evolve into a complex financial system. Shibarium, a Layer-2 blockchain, and ShibaSwap, a decentralized exchange, were significant accomplishments in this endeavor.
The latest announcement coincided with a 2.14% jump in SHIB&#8217;s price over the past 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>, and a massive 7911.12% <a href="https://www.shibburn.com/">jump</a> in burn rate. 
Meanwhile, in other news, the widely-anticipated ShibaCon, a Shiba Inu-themed conference, scheduled to take place on Nov.9 in Bangkok was postponed indefinitely. The organizers promised to fully refund the people who had booked tickets in advance and assured them of receiving a free VIP ticket when the revised schedule was out. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Dear Shib Community, Our <a href="https://twitter.com/hashtag/ShibaCon?src=hash&amp;ref_src=twsrc%5Etfw">#ShibaCon</a>, planned for Nov 9 in Bangkok, is being postponed as we want to secure an even more exciting experience for you. We can't wait to bring Web3 pioneers, developers and the ShibArmy at the next reimagined ShibaCon! Stay tuned for updates and…
&mdash; Shib (@Shibtoken) <a href="https://twitter.com/Shibtoken/status/1845844600096710961?ref_src=twsrc%5Etfw">October 14, 2024</a></blockquote>
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Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41319364/kamala-harris-unveils-crypto-regulatory-framework-as-part-of-outreach-toward-black-male-vo">Kamala Harris Unveils Crypto Regulatory Framework As Part Of Outreach Toward Black Male Voters, But Not Everyone&#8217;s Convinced</a></li>
</ul>

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

Cryptocurrency

$SHIB

Shiba Inu Announces New Partnership To Build The Financial Layer Of Upcoming 'Shib State' — Key Figure Kaal Dhairya Says, 'Time To Unleash The Paw-sibilities!'

NXPI

NXP Semiconductors Launches S32J Ethernet Switches And Controllers, Enabling Software-Defined Vehicle Networks

Reported Earlier, MAA Announces Minimal Impact From Hurricanes Helene And Milton, Limited Units Taken Offline

FOX News Digital Continues to Narrow the Gap with CNN with Total Digital Multiplatform Uniques; Sees&nbsp;31%&nbsp;Growth Year-Over-Year During&nbsp;Third Quarter

Reported Earlier, FOX News Digital Sees Double-Digit Gains In Q3 2024, Leading All News Brands In Multiplatform Views And Minutes

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) to report quarterly earnings at $1.31 per share on revenue of $19.84 million before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Citigroup shares gained 0.1% to $66.10 in after-hours trading.</li>
<li>Analysts are expecting Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) to post quarterly earnings at 77 cents per share on revenue of $25.29 billion. The company will release earnings before the markets open. Bank of America shares gained 0.4% to $42.06 in after-hours trading.</li>
<li>Before the markets open, The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) is projected to report quarterly earnings at $7.03 per share on revenue of $11.87 billion. Goldman Sachs shares gained 0.2% to $523.90 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Analysts expect Walgreens Boots Alliance, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) to report quarterly earnings at 36 cents per share on revenue of $35.76 billion before the opening bell. Walgreens shares fell 2.3% to close at $9.00 on Monday.</li>
<li>UnitedHealth Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>) is projected to post quarterly earnings at $7.00 per share on revenue of $99.28 billion before the opening bell. UnitedHealth shares gained 0.3% to $607.20 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/markets/24/10/41320317/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-and-telecom-stocks-with-over-4-dividend-yield">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Tech And Telecom Stocks With Over 4% Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Citigroup, Bank of America And 3 Stocks To Watch Heading Into Tuesday

Macro Economic Events

Econ #s

Economics

France Harmonised Index of Consumer Prices (MoM) For September -1.3% Vs. -1.2% Est.; 1.2% Prior

France Consumer Price Index (MoM) For September -1.2% Vs. -1.2% Est.; 0.5% Prior

NBCUniversal subsidiary of Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) has announced a significant restructuring of its advertising executive team. This move sees the departure of several key figures, including Dan Lovinger, who was instrumental in the company&#8217;s advertising success during the Paris Olympics.
What Happened: The restructuring was disclosed on Monday by Alison Levin, President of Advertising and Partnerships at NBCU, the news publication, Deadline <a href="https://deadline.com/2024/10/nbcuniversal-restructures-ad-execs-sports-olympics-dan-lovinger-1236115753/">reported</a> on Monday. 
The changes will also involve the recruitment of new talent in emerging business sectors. Levin is set to address these changes in a virtual all-hands meeting on Tuesday.
Levin&#8217;s memo also outlined a new approach to sports advertising, with Peter Lazarus set to lead the expanded team. This team will now encompass all Olympic sales and the Sports vertical. The memo also expressed gratitude to the departing colleagues and highlighted the company&#8217;s future prospects with the new streamlined structure.
"As we look forward, it is imperative that we support one another and continue to foster a culture of transparency and collaboration. I am incredibly bullish on our future, and with this new streamlined structure, I know we have the right strategy, the right assets, and the right team in place to grow our market share and better position us to succeed," Levin wrote. 
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41306985/coinbase-ceo-brian-armstrong-wants-to-know-how-elon-musk-gets-so-much-done-wants-an-in-dep?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Coinbase CEO Brian Armstrong Wants To Know How Elon Musk Gets So Much Done — Wants An In-Depth Study Done After SpaceX Starship Booster Success, &#8216;CyberCab&#8217; Unveil</a>
Under Lovinger&#8217;s leadership, NBCU generated over $1.25 billion in ad and sponsorship revenue from the Paris Olympic and Paralympic Games, setting a new Olympic record. Lovinger, who held the title of President, Olympic and Paralympic Sales, joined NBCU in 2011 and has had a significant impact on the company&#8217;s advertising success.
Why It Matters: NBCUniversal&#8217;s restructuring comes at a time when the company has been making significant strides in its advertising and media operations. 
Earlier in the year, the company partnered with DoubleVerify to <a href="https://www.benzinga.com/markets/equities/24/03/37651009/doubleverify-expands-ott-measurement-solutions-in-collaboration-with-nbcuniversal">expand its OTT measurement solutions</a>, offering program-level measurement solutions for OTT devices, particularly Connected TV (CTV). This advancement in streaming verification empowered NBCUniversal advertisers to assess brand safety, suitability, and content performance at the program level.
Moreover, Comcast Corporation recently sold a portion of its stake in BuzzFeed <a href="https://www.benzinga.com/general/entertainment/24/05/39014369/thanks-vivek-comcast-sells-part-of-buzzfeed-after-stock-rally-from-politicians-purchase">after a stock rally resulting</a> from former 2024 presidential candidate Vivek Ramaswamy&#8216;s disclosure of a 7.7% stake in the company. 
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41303150/tesla-stock-tumbles-after-underwhelming-robotaxi-presentation?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Stock Tumbles After Underwhelming Robotaxi Presentation</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

Management

CMCSA

NBCU's Comcast Announces Major Ad Team Overhaul Amid Leadership Departures, Eyes New Strategy For Sports And Olympics Sales

The stock market&#8217;s current overvaluation should not deter investors from holding onto their stocks, according to a recent note from Piper Sandler.
What Happened: Despite the S&amp;P 500&#8217;s 8% overvaluation, investors should not be discouraged, Business Insider <a href="https://markets.businessinsider.com/news/stocks/stock-market-outlook-overvalued-sp500-bullish-earnings-momentum-rally-valuations-2024-10">reported</a> on Monday. This advice comes from the portfolio-strategy group at Piper Sandler, led by Chief Investment Strategist Michael Kantrowitz.
&#8220;An 8% over-valuation is no reason to get bearish. Stocks can remain at rich valuations as long as a &#8216;fear&#8217; catalyst doesn&#8217;t arise from the usual suspects: interest rates, employment or inflation,&#8221; Kantrowitz said.
He suggested that without a sudden increase in interest rates, unemployment, or inflation, the stock market&#8217;s upward trend should continue, even if it is overvalued.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41306985/coinbase-ceo-brian-armstrong-wants-to-know-how-elon-musk-gets-so-much-done-wants-an-in-dep?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Coinbase CEO Brian Armstrong Wants To Know How Elon Musk Gets So Much Done — Wants An In-Depth Study Done After SpaceX Starship Booster Success, &#8216;CyberCab&#8217; Unveil</a>
Kantrowitz also recommended that investors focus on stocks with strong earnings momentum when building their portfolios, as these stocks are likely to outperform and maintain their high valuations for longer periods.
Why It Matters: The note from Piper Sandler comes amid a generally positive outlook for the stock market. Despite concerns about overvaluation, the market has continued its upward trend, with the S&amp;P 500 and Dow Jones Industrial Average reaching <a href="https://www.benzinga.com/news/earnings/24/10/41293799/s-p-500-dow-jones-hit-new-record-highs-as-financial-stocks-soar-on-upbeat-earnings">new record highs</a> on the back of strong earnings from major U.S. banks. 
Earlier in September, JPMorgan strategists warned that the Federal Reserve&#8217;s anticipated rate cuts might not be enough to drive a <a href="https://www.benzinga.com/markets/equities/24/09/40861213/why-interest-rate-cuts-wont-automatically-boost-the-stock-market">new surge in the stock market</a>, suggesting that other factors such as employment and inflation could play a significant role in the market&#8217;s future performance.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41308908/man-who-accidentally-threw-hard-drive-containing-8-000-bitcoins-worth-half-a-billion-dolla?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Man Who Accidentally Threw Hard Drive Containing 8,000 Bitcoins Worth Half A Billion Dollars In Landfill Sues Local City Council For Not Excavating The Site</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Overvalued Stocks Don't Make Piper Sandler Strategist Sweat: 'No Reason To Get Bearish'

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) has launched the 7-seat configuration of the <a href="https://www.benzinga.com/news/24/09/41085917/tesla-exports-1-millionth-vehicle-from-its-giga-shanghai-facility-4-years-after-its-first-shipment">Model Y SUV</a> in the Netherlands on a select variant, the EV giant said on Monday.
What Happened: The company made the announcement on social media platform X from its account dedicated to updates in Europe and the Middle East. The 7-seat interior on the Model Y is aimed at accommodating bigger families and cementing the vehicle&#8217;s position as a family vehicle.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Attention big families: Model Y now available with 7 seats (LR AWD trim) → <a href="https://t.co/ZZLEPXlou8">https://t.co/ZZLEPXlou8</a>
&mdash; Tesla Europe &amp; Middle East (@teslaeurope) <a href="https://twitter.com/teslaeurope/status/1845991493141458972?ref_src=twsrc%5Etfw">October 15, 2024</a></blockquote>
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The 7-seat configuration is now available on the Long Range All-Wheel drive Model Y variant for an added 2,500 euros ($2,722) in the Netherlands. The variant, with just five seats included, has a starting price of 52,990 euros.
In the United Kingdom, the variant starts at 51,990 pounds, and the 7-seat interior is priced at an additional 2,500 pounds.
Why It Matters: The 7-seat interior option is already available on the Long Range All-Wheel Drive variant Model Y in the U.S. for an added $2000 or $1000, depending on the choice of color the customer opts for the interiors. 
In the third quarter, Tesla delivered 439,975 <a href="https://www.benzinga.com/news/24/09/41000762/tesla-says-model-y-is-the-best-selling-ev-in-norway-with-over-60k-units-on-road">Model 3 and Y vehicles together</a>, accounting for about 95% of the company&#8217;s vehicle deliveries worldwide. Tesla&#8217;s other offerings are at a higher price point and delivered in lesser volumes.
However, Tesla sales are falling in the EU. According to data from the European Automobile Manufacturers' Association (ACEA), Tesla sales dropped by about 15% this year through the end of August to 152,607 units as overall BEV sales dropped 5%. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41308588/tesla-superchargers-increase-on-the-road-to-spacexs-starbase-despite-global-slowdown-in-deployment" target="_blank" rel="noreferrer noopener">Tesla Superchargers Increase On The Road To SpaceX&#8217;s Starbase Despite Global Slowdown In Deployment</a></li>
</ul>
Photo courtesy: Shutterstock

TSLA

Tesla Adds 7-Seat Option For Model Y In Netherlands Amid EV Sales Slowdown In Europe

S&amp;P 500 companies&#8217; profit is set to grow for a fifth straight quarter, with the consensus modeling earnings growth of 4.1% for the third quarter. Netflix, Inc.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) is the first high-profile communication services company to report this earnings season, with its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41319356/netflix-set-to-capitalize-on-ad-supported-tier-price-increase-analyst-says-streamer">earnings scheduled to drop after the market close on Thursday.</a>
Deepwater Asset Management&#8217;s Gene Munster shared his expectations from the report in a post on X on Monday.
Netflix Stock Rally: Munster in a post said that Netflix shares have gained 142% since the Magnificent 7 became the tech investing standard in Jan. 2023, with the stock now perched near its all-time high. During the same period, the Magnificent 7 as a group rallied 244%, and excluding Nvidia, the group&#8217;s gain has been a more modest 140%, he said.
Munster said that the rebound seen over the past year is a function of the company&#8217;s success with the password crackdown that began in May 2023. The tech venture capitalist said this helped the company accelerate its growth from 4% in the March quarter of 2023 to 17% in the June quarter of 2024.
See Also: <a href="https://www.benzinga.com/money/best-communication-services-stocks">Best Communication Services Stocks</a>
Consensus Call: Analysts, on average, expect Netflix to report earnings per share of $5.11 and revenue of $9.764 billion, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data. </a>This compares to the year-ago earnings of $3.73 per share and revenue of $8.54 billion. 
The 14% growth forecast by the Street will prove slightly conservative despite the comps getting tougher, beginning in the September quarter, Munster said. 
The tech analyst expects 2025 to be more challenging and therefore sees risk to the current consensus forecast of 12% growth. The assumption is based on the belief that the core business growth rate, excluding one-off benefits of password crackdown and the launch of a new offering, is in the 5-10% range.
Netflix isn&#8217;t likely to offer any guidance for the next year when it reports this week, Munster said. 
&#8220;My biggest concern to owning Netflix is opportunity cost,&#8221; he said. &#8220;While generative AI will undoubtedly reduce production costs and increase margins, the company&#8217;s exposure to the <a href="https://www.benzinga.com/startups/24/10/41302553/create-new-ai-algorithms-to-advance-our-country-nvidia-ceo-jensen-huang-urges-doe-and-dod-to-build-a">AI paradigm shift </a>is modest when compared to $GOOG, $META, $AAPL, $TSLA, $TSM, $MSFT,&#8221; he added.
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