Helix Acquisition Corp Stock (NASDAQ: HLXB)

Latest news for Helix Acquisition Corp (NASDAQ:HLXB) Stock

Helix Acquisition Corp II is a Blank check company.

Helix Acquisition Corp. II - Class A Ordinary Shares

Helix Acquisition Corp II

Helix Acquisition Corp. II

Trading Ideas

DRMA

Dermata Therapeutics Shares Resume Trading

Bausch Health Companies Shares Halted On Circuit Breaker To The Downside, Stock Now Down -30.6%

U.S. stocks traded lower this morning, with the Dow Jones dipping around 400 points on Wednesday.
Following the market opening Wednesday, the Dow traded down 0.99% to 39,957.30 while the NASDAQ fell 2.08% to 17,622.81. The S&amp;P 500 also fell, dropping, 1.47% to 5,473.80.
Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39932485/jim-cramer-calls-axsome-a-double-or-nothing-stock-says-sap-is-incredible">Jim Cramer Calls Axsome A &#8216;Double Or Nothing Stock,&#8217; Says SAP Is &#8216;Incredible&#8217; </a>
Leading and Lagging Sectors Utilities shares jumped by 0.3% on Wednesday.
In trading on Wednesday, consumer discretionary shares fell by 2.7%.
Top Headline
Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) posted better-than-expected earnings and sales results for its second quarter.
Alphabet reported second-quarter revenue of $84.742 billion, beating the consensus estimate of $84.202 billion. The tech giant reported quarterly earnings of $1.89 per share, beating analyst estimates of $1.85 per share, according to data from Benzinga Pro.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>NuZee, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUZE#NASDAQ">NUZE</a>) shares shot up 230% to $3.37.</li>
<li>Shares of Dermata Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DRMA#NASDAQ">DRMA</a>) got a boost, surging 202% to $3.93 after falling over 22% on Tuesday.</li>
<li>Bone Biologics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBLG#NASDAQ">BBLG</a>) shares were also up, gaining 110% to $2.61.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) shares dropped 75% to $1.23 after the company announced the pricing of a $10 million public offering of 6,665,000 common shares and Class A warrants at $1.50 per share.</li>
<li>Shares of Nuwellis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) were down 42% to $2.3995 after the company announced the pricing of a $2 million public offering of 469,340 common shares at $4.24 a share.</li>
<li>Vintage Wine Estates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VWE#NASDAQ">VWE</a>) was down, falling 33% to $0.0775 after the company announces bankruptcy filing and voluntary delisting and SEC deregistration.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39929121/top-3-tech-and-telecom-stocks-that-are-set-to-fly-in-july">Top 3 Tech And Telecom Stocks That Are Set To Fly In July</a> 
Commodities In commodity news, oil traded up 0.9% to $77.66 while gold traded up 0.7% at $2,424.60.
Silver traded up 0.6% to $29.51 on Wednesday, while copper fell 0.6% to $4.1370.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.3%, Germany's DAX fell 0.8% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index rose 0.1%, while London's FTSE 100 rose 0.1%.
The HCOB Eurozone manufacturing PMI declined to 45.6 in July from 45.8 in June, while services PMI slipped to 51.9 from 52.8. The HCOB France composite PMI climbed to 49.5 in July from 48.8 in the prior month, while German composite PMI declined to 48.7 from 50.4.
The S&amp;P Global Flash UK manufacturing PMI rose to 51.8 in July from 50.9 in June, while services PMI rose to 52.4 in July from 52.1 in the previous month.
Asia Pacific Markets
Asian markets closed lower on Wednesday, with Japan's Nikkei 225 falling 1.11%, Hong Kong's Hang Seng Index falling 0.91%, China's Shanghai Composite Index declining 0.46% and India's S&amp;P BSE Sensex declining 0.35%.
The HSBC India Manufacturing PMI climbed to 58.5 in July from 58.3 the prior month, while services PMI rose to 61.1 in July from 60.5. The au Jibun Bank Flash Japan composite PMI rose to 52.6 in July versus a final reading of 49.7 in June.
Economics
<ul>
<li>U.S. mortgage applications declined by 2.2% in the latest week, compared to a 3.9% gain in the prior period.</li>
<li>The S&amp;P Global flash manufacturing PMI fell to 49.5 in July from 51.6 in June and compared to market estimates of 51.7.</li>
<li>The S&amp;P Global composite PMI climbed to 55.0 in July from 54.8 in the prior month.</li>
<li>The U.S. trade deficit in goods shrank to $96.84 billion in June versus a $99.37 billion gap in the earlier month.</li>
<li>Building permits increased by 3.9% to an annual rate of 1.454 million in June.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/07/39932008/tesla-to-rally-around-22-here-are-10-top-analyst-forecasts-for-wednesday">Tesla To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Wednesday</a>

Earnings

News

Eurozone

Commodities

Intraday Update

Markets

AZTR

BBLG

GOOG

GOOGL

NUWE

NUZE

Vintage Wine Estates, Inc. - Common Stock

Nasdaq Down 2%; Alphabet Posts Upbeat Earnings

Investors with significant funds have taken a bearish position in Sirius XM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in SIRI usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 11 options transactions for Sirius XM Holdings. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 9% being bullish and 81% bearish. Of all the options we discovered, 10 are puts, valued at $603,423, and there was a single call, worth $30,000.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1.0 to $8.0 for Sirius XM Holdings over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Sirius XM Holdings'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 Sirius XM Holdings's whale trades within a strike price range from $1.0 to $8.0 in the last 30 days. 
<h3>Sirius XM Holdings Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721830610_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$4.25</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$8.00</td>
<td>$186.9K</td>
<td style="text-align: right;">200</td>
<td>445</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$1.79</td>
<td>$1.74</td>
<td>$1.74</td>
<td>$5.50</td>
<td>$84.2K</td>
<td style="text-align: right;">0</td>
<td>484</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$4.3</td>
<td>$3.95</td>
<td>$4.2</td>
<td>$8.00</td>
<td>$69.3K</td>
<td style="text-align: right;">200</td>
<td>610</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$4.25</td>
<td>$3.3</td>
<td>$4.2</td>
<td>$8.00</td>
<td>$42.4K</td>
<td style="text-align: right;">200</td>
<td>1.2K</td>
</tr>
<tr>
<td>SIRI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$4.2</td>
<td>$4.15</td>
<td>$4.2</td>
<td>$8.00</td>
<td>$42.0K</td>
<td style="text-align: right;">200</td>
<td>1.6K</td>
</tr>
</tbody>
</table>

<h3>About Sirius XM Holdings</h3>
Sirius XM Holdings is composed of two businesses: SiriusXM and Pandora. SiriusXM transmits music, talk shows, sports, and news via its two satellite radio networks, primarily to consumers in vehicles who pay a subscription fee. The firm's radios come preinstalled on a wide range of light vehicles in the US and Canada. The firm acquired Pandora Media in February 2019 via an all-stock transaction. Pandora is a streaming music platform that offers an ad-supported radio option and a paid on-demand service; it has a robust and growing podcast library. Liberty Media owns 84% of Sirius XM, traded through its Liberty Sirius XM Group tracking stock.
<h3>Current Position of Sirius XM Holdings</h3>
<ul>
<li>Trading volume stands at 8,074,655, with SIRI's price up by 4.87%, positioned at $3.98.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 8 days.</li>
</ul>
<h3>Expert Opinions on Sirius XM Holdings</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $3.825.
<ul>
<li>An analyst from Guggenheim has decided to maintain their Neutral rating on Sirius XM Holdings, which currently sits at a price target of $2. </li>
<li>An analyst from Barrington Research has decided to maintain their Outperform rating on Sirius XM Holdings, which currently sits at a price target of $4. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Sirius XM Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

SIRI

What the Options Market Tells Us About Sirius XM Holdings

TD Cowen analyst Gary Taylor maintains Molina Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOH#NYSE">MOH</a>) with a Buy and lowers the price target from $412 to $351.

Price Target

Analyst Ratings

TD Cowen Maintains Buy on Molina Healthcare, Lowers Price Target to $351

Investors with a lot of money to spend have taken a bearish stance on Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with QCOM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Qualcomm.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 55%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $131,576, and 5 are calls, for a total amount of $301,915.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $177.5 to $200.0 for Qualcomm over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Qualcomm's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Qualcomm's significant trades, within a strike price range of $177.5 to $200.0, over the past month.
<h3>Qualcomm 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721830605_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$11.15</td>
<td>$11.0</td>
<td>$11.0</td>
<td>$190.00</td>
<td>$110.0K</td>
<td>9.7K</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$12.5</td>
<td>$12.25</td>
<td>$12.25</td>
<td>$200.00</td>
<td>$61.2K</td>
<td>323</td>
<td style="text-align: right;">111</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$2.76</td>
<td>$2.61</td>
<td>$2.7</td>
<td>$187.50</td>
<td>$54.0K</td>
<td>133</td>
<td style="text-align: right;">127</td>
</tr>
<tr>
<td>QCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$30.25</td>
<td>$29.3</td>
<td>$29.9</td>
<td>$185.00</td>
<td>$44.8K</td>
<td>896</td>
<td style="text-align: right;">15</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/02/24</td>
<td>$4.1</td>
<td>$4.05</td>
<td>$4.05</td>
<td>$177.50</td>
<td>$42.5K</td>
<td>68</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Qualcomm</h3>
Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. Qualcomm's IP is licensed by virtually all wireless device makers. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front end modules into smartphones, as well as chips into automotive and Internet of Things markets.
In light of the recent options history for Qualcomm, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Qualcomm</h3>
<ul>
<li>With a volume of 1,241,097, the price of QCOM is down -3.46% at $186.66. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 7 days.</li>
</ul>
<h3>Expert Opinions on Qualcomm</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $218.0.
<ul>
<li>An analyst from Susquehanna has decided to maintain their Positive rating on Qualcomm, which currently sits at a price target of $250. </li>
<li>An analyst from Keybanc persists with their Overweight rating on Qualcomm, maintaining a target price of $225. </li>
<li>In a cautious move, an analyst from HSBC downgraded its rating to Hold, setting a price target of $200. </li>
<li>Consistent in their evaluation, an analyst from Cantor Fitzgerald keeps a Neutral rating on Qualcomm with a target price of $215. </li>
<li>An analyst from Citigroup has decided to maintain their Neutral rating on Qualcomm, which currently sits at a price target of $200. </li>
</ul>
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.
If you want to stay updated on the latest options trades for Qualcomm, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

QCOM

Smart Money Is Betting Big In QCOM Options

Investors with a lot of money to spend have taken a bullish stance on Coinbase Glb (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COIN, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 22 uncommon options trades for Coinbase Glb.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 36%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $246,290, and 18 are calls, for a total amount of $2,865,906.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $200.0 to $350.0 for Coinbase Glb during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Coinbase Glb'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 Coinbase Glb's whale activity within a strike price range from $200.0 to $350.0 in the last 30 days. 
<h3>Coinbase Glb Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721830600_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$81.6</td>
<td>$81.0</td>
<td>$81.0</td>
<td>$200.00</td>
<td>$405.0K</td>
<td style="text-align: right;">416</td>
<td style="text-align: right;">200</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$81.75</td>
<td>$81.0</td>
<td>$81.0</td>
<td>$200.00</td>
<td>$405.0K</td>
<td style="text-align: right;">416</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$81.9</td>
<td>$81.0</td>
<td>$81.0</td>
<td>$200.00</td>
<td>$405.0K</td>
<td style="text-align: right;">416</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$80.8</td>
<td>$80.8</td>
<td>$80.8</td>
<td>$200.00</td>
<td>$404.0K</td>
<td style="text-align: right;">416</td>
<td style="text-align: right;">300</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$78.55</td>
<td>$76.35</td>
<td>$77.64</td>
<td>$200.00</td>
<td>$388.9K</td>
<td style="text-align: right;">416</td>
<td style="text-align: right;">600</td>
</tr>
</tbody>
</table>

<h3>About Coinbase Glb</h3>
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Having examined the options trading patterns of Coinbase Glb, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Present Market Standing of Coinbase Glb</h3>
<ul>
<li>With a volume of 1,999,316, the price of COIN is down -2.48% at $251.23. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 8 days.</li>
</ul>
<h3>What The Experts Say On Coinbase Glb</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $254.0.
<ul>
<li>An analyst from Barclays has decided to maintain their Underweight rating on Coinbase Glb, which currently sits at a price target of $196. </li>
<li>Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for Coinbase Glb, targeting a price of $215. </li>
<li>In a positive move, an analyst from Citigroup has upgraded their rating to Buy and adjusted the price target to $345. </li>
<li>Reflecting concerns, an analyst from Needham lowers its rating to Buy with a new price target of $260.</li>
</ul>
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.
If you want to stay updated on the latest options trades for Coinbase Glb, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

COIN

Looking At Coinbase Glb's Recent Unusual Options Activity

Jefferies analyst Blayne Curtis maintains Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) with a Hold and raises the price target from $175 to $185.

Jefferies Maintains Hold on Texas Instruments, Raises Price Target to $185

AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) will report second-quarter earnings on Thursday and Wall Street expects $2.96 in earnings per share and $14 billion in revenues as the company reports<a href="https://www.benzinga.com/calendars/earnings?tickers=ABBV"> before market hours</a>.
AbbVie investors and analysts will be <a href="https://www.benzinga.com/general/biotech/24/06/39228916/abbvies-arthritis-drug-humira-retains-market-dominance-despite-biosimilar-competition-challenges-">focusing on the revenue impact</a> of arthritis drug Humira following its U.S. patent expiry, after a significant first-quarter decline. 
Also, with new CEO Robert A. Michael at the helm and strong growth from Humira&#8217;s replacements, investors will be looking for signs of recovery and market optimism.
The stock is up 20.93% over the past year, 11.73% year-to-date.
Let&#8217;s look at what the charts indicate for AbbVie stock, and how the stock currently maps against Wall Street estimates.
<h3 class="wp-block-heading">AbbVie Stock Trend Bullish Ahead Of Q2 Earnings&nbsp;</h3>
AbbVie's stock shows a strongly bullish trend, with the share price of $173.15 surpassing its 5, 20, and 50-day exponential moving averages. This technical setup indicates a robust upward momentum. 
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24091240/Screenshot-2024-07-24-at-6.42.16-PM.png" alt="" class="wp-image-454169" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24091240/Screenshot-2024-07-24-at-6.42.16-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24091240/Screenshot-2024-07-24-at-6.42.16-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Specifically, the stock is trading above its 8-day ($171.43), 20-day ($169.69), 50-day ($166.47), and 200-day ($161.99) simple moving averages, signaling bullish conditions. 
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="634" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24091251/Screenshot-2024-07-24-at-6.41.43-PM.png" alt="" class="wp-image-454171" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24091251/Screenshot-2024-07-24-at-6.41.43-PM.png 634w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24091251/Screenshot-2024-07-24-at-6.41.43-PM-300x216.png 300w" sizes="(max-width: 634px) 100vw, 634px" /></a></figure>
<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) indicator, at 1.53, reinforces this bullish stance. 
However, with an RSI of 57.65, and treading higher — the stock might be approaching overbought territory, suggesting caution.
The Bollinger Bands further support a bullish outlook, with the 25-day bands at $164.88 to $175.13 and the stock trading in the upper band. 
Despite the current selling pressure, which could imply potential for bearish movement, the overall technical indicators favor a bullish position for AbbVie stock.
Read Also: <a href="https://www.benzinga.com//node/39754495">AbbVie Appeals To Supreme Court Over Attorney-Client Privilege In &#8216;Long-Standing&#8217; AndroGel Case</a>
<h3 class="wp-block-heading">AbbVie Analysts Consensus Ratings</h3>
Ratings &amp; Consensus Estimates:<a href="https://www.benzinga.com/quote/ABBV/analyst-ratings"> The consensus analyst rating</a> on AbbVie stock stands at an Overweight currently with a price target of $173. Recent analyst ratings from BMO Capital, Morgan Stanley, and Cantor Fitzgerald, in July, have an average price target of $203.33 for AbbVie stock, implying a potential 17.67% upside.
ABBV Price Action: AbbVie stock was trading at $172.80 at the time of publication.
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Laurene Powell Jobs, the billionaire widow of Apple Inc. Co-founder Steve Jobs, has made a splash in San Francisco's luxury real estate market with the record-breaking $70 million purchase of a century-old mansion in Pacific Heights.
According to the Wall Street Journal, <a href="https://www.benzinga.com/news/24/04/38130224/sam-altman-and-former-apple-design-maestro-seek-funding-from-laurene-powell-jobs-masayoshi-son-for-t">Powell Jobs</a> acquired the 17,300-square-foot home at 2840 Broadway Street in an off-market deal from Sloan Lindemann Barrett and Roger Barrett, who paid $33 million for the property in 2011. Sloan Lindemann Barrett is billionaire George Lindemann's daughter. Roger Barrett is the CEO of the health supplement company Shaklee.
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The Barretts had quietly listed the home with an initial asking price of $100 million. The sale surpassed the previous San Francisco real estate record of $43.5 million set in 2021 for another Pacific Heights property.
Designed by renowned architect Willis Polk, the four-story Spanish Renaissance Revival mansion was completed in 2016 and has been hailed by Architectural Digest as "the most beautiful house in America."
The Barretts commissioned renowned architect Peter Marino to renovate the nearly two dozen rooms surrounding the house's two-story, glass-roofed courtyard. The project spanned more than three years.
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Previously, the home was owned by movie theater heiress Georgette "Dodie" Rosekrans and her husband, John, an heir to the Spreckels sugar fortune and creator of the Hula Hoop and Frisbee. The north side of the home has four stories of glass overlooking San Francisco Bay, with iconic landmarks like the Golden Gate Bridge and Alcatraz Island in full view.
The mansion occupies a 0.17-acre lot adjacent to a contemporary residence owned by tech mogul Larry Ellison, founder of Oracle. Another notable neighbor is Jonathan Ive, the designer behind Apple products such as the iMac, iPod, iPad, and iPhone.
Trending: This investment company boasts a 35.14% internal rate of return (IRR) for its realized projects, allowing accredited investors to<a href="https://www.benzinga.com/money/bam-capital"> earn passive returns and avoid the headaches of being a landlord.</a>
<a href="https://www.benzinga.com/news/22/09/28788101/laurene-powell-recollects-steve-jobs-time-in-india-a-spiritual-exploration-that-he-had">Powell Jobs</a>, 60, is the founder of Emerson Collective, a venture focused on investment, philanthropy, and advocacy. She has also made significant real estate acquisitions. She met her late husband while she was a Stanford business student, and he was a guest lecturer. They were married from 1991 until he died in 2011.
Powell Jobs has been active in the California real estate market. In June, she paid $94 million for a 1950s ranch house in Malibu, bringing her total investments in Malibu to $174 million.
Powell Jobs is among several Silicon Valley tycoons investing in California Forever, a secretive $800 million project to construct a utopian city. The initiative involves acquiring vast tracts of farmland in Solano County and will require voter approval in November to proceed.
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<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39932461/whats-going-on-with-iris-energy-stock-today">Iris Energy</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) is back in the spotlight, with analysts at Canaccord singing its praises for its efficient Bitcoin mining capabilities and potential for future diversification.
What Happened: Citing the company&#8217;s massive power capacity and ongoing data center construction, Canaccord raised its share price target for Iris Energy to $15, up from $12, Coindesk <a href="https://www.coindesk.com/markets/2024/07/24/iris-energy-is-positioned-to-become-one-of-the-biggest-listed-bitcoin-miners-canaccord/?utm_medium=referral&amp;utm_source=rss&amp;utm_campaign=headlines">reported</a>.
&#8220;The company is building a massive 510 megawatts (MW) of data centers in 2024 alone,&#8221; explained lead analyst Joseph Vafi in the report. 
&#8220;On top of that, they&#8217;ve secured a staggering 2,160 MW of power capacity and have a 1 gigawatt (GW) plus development pipeline.&#8221; 
This puts Iris Energy in a league of its own when it comes to raw power for <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39692540/bitcoin-mining-is-now-as-easy-as-it-was-in-2022">Bitcoin mining</a>.
The news comes at a time when the entire mining sector is looking beyond just Bitcoin. &#8220;Mining stocks have seen a recent rerating,&#8221; the report notes, referencing Core Scientific&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) AI deal with CoreWeave. 
This suggests that investors are starting to see the potential for Bitcoin mining sites to be repurposed for artificial intelligence (AI) and high-performance computing (HPC).
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
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This is particularly relevant for Iris Energy, which faced a short-seller attack earlier this month questioning the suitability of its Childress, Texas site for AI and HPC. 
However, Canaccord remains bullish, stating, &#8220;We believe management is well-prepared to expand the use case for its data centers beyond just Bitcoin mining, with strong infrastructure in terms of power, cooling, and network.&#8221;
Bitcoin mining continues to be a vital revenue stream for Iris Energy, facilitating the funding of infrastructure developments. The company has multiple avenues to monetize its infrastructure, including Bitcoin mining, AI cloud services, and AI colocation.
What&#8217;s Next: As Iris Energy navigates these changes, insights and discussions at events like Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> on Nov. 19 will be crucial in shaping the future direction of digital asset investments and innovations.
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In the latest episode of Benzinga&#8217;s Cannabis Insider <a href="https://www.benzinga.com/podcasts/cannabisinsider-id824" target="_blank" rel="noreferrer noopener">podcast</a>, co-hosts Patricio Liddle and Abbey Higginbotham welcomed Caleb Counts, CEO and co-founder of Connected Cannabis Co. This episode offers an in-depth look into how Counts' personal journey has shaped one of the most recognized brands in the <a href="http://benzinga.com/cannabis">cannabis industry</a>, celebrated for its premium strains and significant connections with the music world.
<h3 class="wp-block-heading">From Humble Beginnings To Leading Connected</h3>
Starting from modest beginnings, Counts shared his evolution from selling his first bag of weed at an early age. His disappointment with a Sacramento dispensary&#8217;s poor quality and customer service was the catalyst for launching his own venture. &#8220;I opened up my first spot six months later,&#8221; Counts said, making a rapid entry into a burgeoning industry that lacked sophisticated operations at the time.
<h3 class="wp-block-heading">Celebrity Endorsements Boosting Strains</h3>
Under Counts&#8217; leadership, Connected has developed popular strains like Biscotti and Gelato, which have become favorites among prominent artists such as ASAP Rocky and Travis Scott. Counts detailed a strategy of collaborating with influential figures in the music industry, which helped propel their strains into the limelight. &#8220;It was a little bit of luck, right place, right time and TMZ,&#8221; he told Benzinga, recalling how a TMZ report featuring their product unexpectedly boosted their profile.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How Connected Cannabis Co. Became a Celebrity Favorite with Migos and Travis Scott &#x1f929;" width="500" height="281" src="https://www.youtube.com/embed/KpZ5HYePcF0?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h3 class="wp-block-heading">Commitment To Sustainable Practices</h3>
Counts also touched on sustainability, a core component of Connected&#8217;s operational philosophy. The company has implemented significant sustainable practices, from optimizing cultivation processes to reducing plastic use. &#8220;We&#8217;ve found a local company&#8230;willing to take all of our used grow medium,&#8221; he shared.
<h3 class="wp-block-heading">Expanding Beyond California</h3>
Counts also talked about the company&#8217;s expansion into markets beyond <a href="http://benzinga.com/topic/california-cannabis">California</a>, including <a href="https://www.benzinga.com/topic/arizona-cannabis">Arizona</a> and <a href="https://www.benzinga.com/topics/florida-cannabis">Florida</a>, and the unique challenges and opportunities each state presents. The regulatory environment and cultural differences make each new market a distinct project, but Counts notes that Connected has consistently proven its adaptability. In Florida, particularly, the partnership with Trulieve Cannabis (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCNNF#OTC">TCNNF</a>) has been instrumental in navigating the <a href="https://www.benzinga.com/markets/cannabis/24/07/39871979/floridas-medical-cannabis-market-sees-explosive-growth-ahead-of-november-legalization-ballot">state&#8217;s medical-only regulatory framework</a> and establishing a market presence.
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As <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39912859/as-election-buzz-swirls-around-biden-and-harris-dea-comment-period-ends-whats-next-">regulatory landscapes shift</a>, Counts remains optimistic yet realistic about the challenges that pervasive taxation and inconsistent enforcement pose to the industry. His forward-looking approach continues to drive Connected towards further growth and expansion, particularly into states like <a href="http://benzinga.com/topic/michigan-cannabis">Michigan</a> and potentially <a href="http://benzinga.com/topic/new-york-cannabis">New York</a>. &#8220;Michigan, get ready,&#8221; he said, hinting at imminent plans to introduce Connected and Alien Labs products to the state.
To dive deeper into more trends and challenges in the industry, from regulatory hurdles to the importance of authentic brand-building, watch the full interview on Benzinga Cannabis' YouTube <a href="https://www.youtube.com/live/KpZ5HYePcF0">channel</a>.
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Spotify Technologies S.A. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/spot#NYSE">SPOT</a>) reported its second quarter results that show its turnaround efforts, including cost savings, are already bearing fruit. But with a high-resolution audio tier still in the works, Spotify is still behind Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) and Amazon.com Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>) who already have this feature.&nbsp;CEO Daniel Ek&nbsp;addressed this issue during the earnings call, stating that the plan is to offer a much better version of Spotify. Meanwhile, Spotify continued to improve its financials throughout the second quarter.
<h3>The Year Of Monetization Is Going As Planned</h3>
Second quarter results show that the audio giant is effectively executing its turnaround strategy, reducing its costs through layoffs and other saving&nbsp;initatives, improving margins, and growing subscribers while developing strong loyalty with existing ones.
<h3>A Sensible Growth Market Strategy</h3>
Spotify raised its prices, but accompanied the hikes with new offerings to boost top line growth, including a music-only streaming and audibooks only plan, along with&nbsp;a higher-priced audio bundle of all of its offerings, including&nbsp;music, podcasts, as well as audiobooks.
<h3>Second Quarter Highlights</h3>
Revenue grew 20% YoY to 3.81 billion euros which is about $4.14 billion, while&nbsp;ad-supported revenue alone grew 13%, recording double-digit growth across all regions.
Due to a lower marketing spend and lower personnel costs, operating income of 266 million euros or $289 million is a great improvement from last year&rsquo;s loss of 247 million euros. The figure surpassed even Spotify&#39;s own&nbsp;guidance of 250 million euros.
Net income amounted to&nbsp;274 million euros or $298 million, resulting in earnings per share of 1.33 euros or $1.44 per share, compared to last year&rsquo;s comparable quarter when Spotify reported a loss of 302 million euros&nbsp;or $327.77 million, or more precisely, a loss per share of 1.55 euros or $1.68.&nbsp;Gross margin came in stronger than expected at a record 29.2%, also surpassing even Spotify&rsquo;s own guidance of 28.1%.
Total monthly active users grew 14% YoY to 626 million, but&nbsp;were below Spotify&rsquo;s guidance of 631 million.&nbsp;Premium subscribers jumped 12% YoY to 246 million, topping Spotify&rsquo;s own guidance of 245 million.
<h3>Third Quarter Guidance</h3>
Fueled by YoY improvements in music and podcasts, Spotify guided for revenue to grow 19% YoY to 4 billion euros, while expecting an operating income of 405 million euros and margin&nbsp;to hit 30.2%. Monthly active users are expected to grow to 639 million&nbsp;and premium subscribers to 251 million.
Though user growth softened, Spotify overall showed progress in expanding its margins, monetization, posting its second consecutive quarterly profit and record free cash flow.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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Press Releases

Helix Acquisition Corp. II Announces Pricing of Upsized $160 Million Initial Public Offering

Helix Acquisition Corp. II Announces Closing of $184 Million Initial Public Offering, Including the Full Exercise of the Underwriter's Option to Purchase Additional Shares

Helix Acquisition Corp

Helix Acquisition Corp II IPO Shares Open For Trade

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Hearing Helix Acquisition Corp II IPO Indicating $10.03/Share On 540,105 Shares; IPO Priced At $10/Share On 16M Shares

Hearing Helix Acquisition Corp II IPO Indicating $10/Share On 347,455 Shares; IPO Priced At $10/Share On 16M Shares

Trading Halt: Halt status updated at 10:35:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

Helix Acquisition Corp. II (the &quot;Company&quot;) announced today that it priced its upsized initial public offering of 16,000,000 Class A ordinary shares at&nbsp;$10.00&nbsp;per share. The shares will be listed on The Nasdaq Global Market and trade under the ticker symbol &quot;HLXB&quot; beginning today. The Company expects the offering to be consummated on February 13, 2024.

Helix Acquisition Corp. II Prices Upsized $160M Initial Public Offering Of 16M Cass A Ordinary Shares At $10/Share

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Friday, February 09, 2024