Global X Funds Global X MLP & Energy Infrastructure Covered Call ETF (ARCA: MLPD)

Latest news for Global X Funds Global X MLP & Energy Infrastructure Covered Call ETF (ARCA:MLPD)

The Fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the constituent securities of the Cboe MLPX ATM BuyWrite Index (the Underlying Index). The Fund's 80% investment policy is non-fundamental and requires 60 days prior written notice to shareholders before it can be changed. The Underlying Index measures the performance of a theoretical portfolio that employs a covered call strategy, as determined by Cboe Global Indices, LLC (Index Provider). A covered call strategy is generally considered to be an investment strategy in which an investor buys a security, and writes (or sells) a call option on that security in an attempt to generate more income. Each time a fund writes a covered call option, the fund receives a payment of money from the investor who buys the option from the fund, which is called the premium. If the fund's value declines because of a decline in the value of a reference index or a reference exchange-traded fund (ETF), the premium that the fund received for writing the covered call option offsets this loss to some extent. The Underlying Indexs covered call strategy provides long exposure to a reference ETF and writes (or sells) covered call options on the reference ETF. Specifically, the Underlying Index holds a theoretical portfolio of the Global X MLP & Energy Infrastructure ETF (the Reference Fund) and writes (or sells) a succession of one-month at-the-money (ATM) covered call options on the Reference Fund. The call options written (sold) by the Fund will be FLexible EXchange (FLEX) options.

Global X MLP & Energy Infrastructure Covered Call ETF

Global X Funds Global X MLP & Energy Infrastructure Covered Call ETF

Trading Ideas

DRCT

Direct Digital Shares Resume Trade Then Again Halted On Circuit Breaker To The Upside, Stock Now Up 405.5%

Investors with a lot of money to spend have taken a bullish stance on Dollar Tree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DLTR#NASDAQ">DLTR</a>).
And retail traders should know.
We noticed this today when the positions 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 DLTR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Dollar Tree.
This isn't normal.
The overall sentiment of these big-money traders is split between 60% bullish and 30%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $31,732, and 9, calls, for a total amount of $698,144.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $125.0 for Dollar Tree, spanning the last 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 Dollar Tree's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Dollar Tree's significant trades, within a strike price range of $65.0 to $125.0, over the past month.
<h3>Dollar Tree Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734975029_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 align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$10.45</td>
<td>$10.4</td>
<td>$10.4</td>
<td>$70.00</td>
<td>$214.2K</td>
<td>446</td>
<td align="right">215</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$3.45</td>
<td>$3.3</td>
<td>$3.3</td>
<td>$85.00</td>
<td>$112.8K</td>
<td>8.3K</td>
<td align="right">417</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$3.3</td>
<td>$3.25</td>
<td>$3.3</td>
<td>$85.00</td>
<td>$108.9K</td>
<td>8.3K</td>
<td align="right">761</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.99</td>
<td>$2.79</td>
<td>$2.79</td>
<td>$74.00</td>
<td>$63.0K</td>
<td>0</td>
<td align="right">227</td>
</tr>
<tr>
<td>DLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$9.95</td>
<td>$9.25</td>
<td>$9.75</td>
<td>$65.00</td>
<td>$48.7K</td>
<td>801</td>
<td align="right">100</td>
</tr>
</tbody>
</table>

<h3>About Dollar Tree</h3>
Dollar Tree operates discount stores across the United States and Canada, with over 8,600 shops under its namesake banner and nearly 7,800 under Family Dollar. About 47% of Dollar Tree's sales in fiscal 2023 were composed of consumables (including food, health and beauty, and cleaning products), around 45% from variety items (including toys and homewares), and over 5% from seasonal items. The Dollar Tree banner sells most of its merchandise at the $1.25 price point and positions its stores in well-populated suburban markets. Conversely, Family Dollar primarily sells consumable merchandise (80% of the banner's sales) at prices below $10. About two-thirds of Family Dollar's stores are located in urban and suburban markets, with the remaining one-third located in rural areas.
<h3>Current Position of Dollar Tree</h3>
<ul>
<li>Currently trading with a volume of 897,891, the DLTR's price is down by -0.33%, now at $72.7. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 79 days.</li>
</ul>
<h3>What The Experts Say On Dollar Tree</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $79.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Loop Capital persists with their Hold rating on Dollar Tree, maintaining a target price of $75. 
&#x2A; Consistent in their evaluation, an analyst from BMO Capital keeps a Market Perform rating on Dollar Tree with a target price of $70. 
&#x2A; An analyst from Evercore ISI Group persists with their In-Line rating on Dollar Tree, maintaining a target price of $92. 
&#x2A; An analyst from Jefferies has decided to maintain their Hold rating on Dollar Tree, which currently sits at a price target of $75. 
&#x2A; Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for Dollar Tree, targeting a price of $83. 
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 Dollar Tree, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

DLTR

Market Whales and Their Recent Bets on DLTR Options

Investors with a lot of money to spend have taken a bearish stance on Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with CEG, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 11 options trades for Constellation Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 9% bullish and 90%, bearish.
Out of all of the options we uncovered, 10 are puts, for a total amount of $877,860, and there was 1 call, for a total amount of $29,400.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $185.0 to $250.0 for Constellation Energy over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Constellation Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Constellation Energy's significant trades, within a strike price range of $185.0 to $250.0, over the past month.
<h3>Constellation Energy 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734975024_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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$34.8</td>
<td>$33.5</td>
<td>$34.3</td>
<td>$200.00</td>
<td>$205.8K</td>
<td align="right">67</td>
<td align="right">60</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.7</td>
<td>$5.6</td>
<td>$5.6</td>
<td>$185.00</td>
<td>$136.0K</td>
<td align="right">251</td>
<td align="right">450</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.6</td>
<td>$5.5</td>
<td>$5.6</td>
<td>$185.00</td>
<td>$115.8K</td>
<td align="right">251</td>
<td align="right">207</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.7</td>
<td>$5.3</td>
<td>$5.7</td>
<td>$185.00</td>
<td>$114.0K</td>
<td align="right">251</td>
<td align="right">808</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$5.7</td>
<td>$5.3</td>
<td>$5.7</td>
<td>$185.00</td>
<td>$88.3K</td>
<td align="right">251</td>
<td align="right">607</td>
</tr>
</tbody>
</table>

<h3>About Constellation Energy</h3>
Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.
Having examined the options trading patterns of Constellation Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Constellation Energy Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 691,268, with CEG's price up by 0.5%, positioned at $228.16.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 64 days.</li>
</ul>
<h3>Expert Opinions on Constellation Energy</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $269.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Showing optimism, an analyst from B of A Securities upgrades its rating to Buy with a revised price target of $269. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Constellation Energy with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Constellation Energy's Options Frenzy: What You Need to Know

Whales with a lot of money to spend have taken a noticeably bearish stance on United Airlines Holdings.
Looking at options history for United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 33% of the investors opened trades with bullish expectations and 55% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $225,284 and 14, calls, for a total amount of $1,071,545.
<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 $55.0 to $150.0 for United Airlines Holdings over the last 3 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 United Airlines Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across United Airlines Holdings's significant trades, within a strike price range of $55.0 to $150.0, over the past month.
<h3>United Airlines Holdings Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1734975018_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>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$7.2</td>
<td>$6.85</td>
<td>$7.1</td>
<td>$150.00</td>
<td>$390.5K</td>
<td>22</td>
<td align="right">550</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$21.2</td>
<td>$20.45</td>
<td>$20.45</td>
<td>$80.00</td>
<td>$102.2K</td>
<td>195</td>
<td align="right">52</td>
</tr>
<tr>
<td>UAL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/27/24</td>
<td>$2.15</td>
<td>$1.94</td>
<td>$1.95</td>
<td>$98.00</td>
<td>$97.5K</td>
<td>216</td>
<td align="right">504</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$19.35</td>
<td>$19.0</td>
<td>$19.0</td>
<td>$80.00</td>
<td>$89.3K</td>
<td>13.2K</td>
<td align="right">50</td>
</tr>
<tr>
<td>UAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$14.75</td>
<td>$14.55</td>
<td>$14.61</td>
<td>$100.00</td>
<td>$73.0K</td>
<td>3.5K</td>
<td align="right">59</td>
</tr>
</tbody>
</table>

<h3>About United Airlines Holdings</h3>
United Airlines is a major us network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, New York/Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel than its large us peers.
Having examined the options trading patterns of United Airlines Holdings, 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 United Airlines Holdings</h3>
<ul>
<li>With a trading volume of 1,770,923, the price of UAL is up by 1.34%, reaching $98.7.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 29 days from now.</li>
</ul>
<h3>What The Experts Say On United Airlines Holdings</h3>
In the last month, 3 experts released ratings on this stock with an average target price of $130.33333333333334.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from UBS downgraded its rating to Buy, setting a price target of $139. 
&#x2A; Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for United Airlines Holdings, targeting a price of $122. 
&#x2A; Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for United Airlines Holdings, targeting a price of $130. 
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 United Airlines Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Spotlight on United Airlines Holdings: Analyzing the Surge in Options Activity

In 2015, Australian prospector David Hole searched for gold in Maryborough Regional Park, near Melbourne, with his metal detector. While this wasn't an unusual outing for the prospector, what he discovered was. He unearthed an unusually heavy reddish rock, which he suspected was a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40457722/gold-is-getting-its-moment-in-the-sun-and-experts-say-the-record-high-prices-could-">gold nugget</a> at the time.&nbsp;
He took the rock home and tried everything to crack it open – saws, hammers, even acid—but nothing worked. Years later, he took the rock to the Melbourne Museum to have them identify it. To his astonishment, geologists revealed that this "rock" was no rock at all but a rare 4.6 billion-year-old meteorite.&nbsp;
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
</ul>
Named after the park where it was found, the Maryborough meteorite weighs 17 kilograms (about 37.5 pounds) and has been identified as an H5 ordinary chondrite. According to Museums Victoria, this means that it contains chondrules, which are tiny crystallized droplets of metallic minerals that formed during the early stages of the solar system.&nbsp;
Museums Victoria geologist Dermot Henry told The Sydney Morning Herald that the meteorite's sculpted, dimpled surface was formed as it burned through the Earth's atmosphere. Henry, who has examined thousands of suspected meteorites throughout his decades-long career, commented that only two of the rocks he's examined turned out to be real meteorites and this was one of them.&nbsp;
See Also: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>
Researchers who have studied the meteorite determined its unique composition includes a high percentage of iron and other elements that can only be found in <a href="https://www.benzinga.com/general/space/24/12/42612382/spacex-to-launch-2-more-private-astronaut-missions-to-iss">space</a>. According to Museums Victoria, the meteorite likely originated in the asteroid belt between Mars and Jupiter.&nbsp;
Carbon dating suggests that the Maryborough meteorite landed on Earth between 100 and 1,000 years ago. Historical records of meteor sightings near Maryborough, dating back to 1889, may provide clues about its arrival.&nbsp;
Meteorites like this offer invaluable insights into the formation and evolution of the <a href="https://www.benzinga.com/news/24/05/38792088/expert-says-stunning-solar-activity-might-be-a-wake-up-call-for-earths-power-grids">solar system</a>. "They transport us back in time, providing clues to the age, formation and chemistry of our solar system (including Earth)," Henry said in a media release from Museums Victoria.&nbsp;
According to Science Alert, the Maryborough meteorite is one of only 17 recorded in Victoria, making it far rarer than gold. It is also the second largest meteorite discovered in the area, second only to a 55-kilogram specimen identified in 2003.&nbsp;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a>
While experts haven't assigned a precise monetary value to the meteorite, they state that its rarity and scientific significance make it far more valuable than gold—it's priceless.&nbsp;
What began as a quest for gold ended with identifying a cosmic artifact that has survived billions of years and countless celestial events.
The Maryborough meteorite is now part of Museums Victoria's collection, which continues to captivate visitors and researchers alike. It was displayed at the Melbourne Museum during National Science Week, offering the public a chance to marvel at a tangible piece of the cosmos.
For those with a keen eye for unusual finds, this story serves as a reminder: the next time you encounter an unusually heavy, hard-to-break rock, it might just be a fragment of space waiting to share its story.
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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Last Chance to get 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
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Startups

Man Keeps 17-Kilogram Rock For Years, Thinking It's Gold – Turns Out It's A 4.6 Billion-Year-Old Meteorite Worth Much More

President-elect Donald Trump tried to ban TikTok during his first presidential term but is now open to keeping the social media app around ahead of a<a href="https://www.benzinga.com/24/12/42495579/lawmakers-demand-apple-and-google-remove-tiktok-by-jan-19-what-you-need-to-know"> pending January ban.</a>
What Happened: Similar to a <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41096120/if-you-invested-1-000-in-bitcoin-when-donald-trump-said-he-wasnt-a-fan-heres-how-much-youd">reversal of opinion on cryptocurrency,</a> Trump has had a change of heart about banning TikTok from the United States.
On Sunday, Trump shared that he supports TikTok remaining operational in the United States despite a pending ban that could take place in the U.S. on Jan 19, the day before he is inaugurated as president once again.
"I think we're going to have to start thinking because, you know, we did go on TikTok, and we had a great response with billions of views, billions and billions of views," Trump said at AmericaFest over the weekend, as reported by Reuters.
Trump said his team showed him a chart of his TikTok engagement and it was a record.
"I said, ‘Maybe we gotta keep this sucker around for a little while.'"
The comments from Trump come after he <a href="https://www.benzinga.com/general/social-media/24/12/42522134/trump-meets-tiktok-ceo-shou-zi-chew-at-mar-a-lago-as-platform-urges-supreme-court-to-block-looming-ban" target="_blank" rel="noopener">recently met with</a> TikTok CEO Shou Zi Chew at Mar-A-Lago and, on the same day, said he had a "warm spot" for the social media app.
The U.S. Supreme Court will hear arguments on Jan. 10 about the TikTok ban and whether to put the ban on hold.
The Justice Department has argued that TikTok's Chinese control is a national security threat in America. Trump echoed this opinion during<a href="https://trumpwhitehouse.archives.gov/presidential-actions/executive-order-addressing-threat-posed-tiktok/"> his last presidency.</a>
"Action must be taken to address the threat posed by one mobile application in particular, TikTok," Trump said.
Trump previously said that the location tracking of federal employees and contractors, censored information, and disinformation from TikTok were the reasons for the ban.
"The United States must take aggressive action against the owners of TikTok to protect our national security," Trump previously said.
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Change of Opinion: This isn't the first time Trump has spoken positively about TikTok or against the ban this year.
Trump has stated previously that a potential ban on TikTok could <a href="https://www.benzinga.com/news/24/07/39827954/trump-for-tiktok-competition-to-mark-zuckerberg-if-you-dont-have-tiktok-you-have-facebook-and-instag">have a positive impact</a> on Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), a company he has often battled against.
"If you get rid of TikTok, Facebook and Zuckerschmuck will double their business," Trump said earlier this year of Meta Platforms and CEO Mark Zuckerberg.
One reason for the potential reversal of his stance on TikTok <a href="https://www.benzinga.com/general/social-media/24/03/37722366/why-did-donald-trump-change-his-mind-about-tiktok-follow-the-money-says-rep-nancy-pelosi">could be the support</a> of Republican megadonor&nbsp;Jeff Yass, who owns 15% of ByteDance.
A report from <a href="https://www.politico.com/news/2024/03/14/trump-tiktok-billionaire-donors-00146892" target="_blank" rel="noreferrer noopener">Politico </a>featured the potential of Trump looking for a way to benefit from opposing the TikTok ban.
&#8220;It&#8217;s a mirror image of 2020,&#8221; former technology company spokesperson&nbsp;Nu Wexler&nbsp;told Politico. &#8220;He tried to ban TikTok and then figured out that there was an out — that he could take care of a donor — and flipped on it.&#8221;
The report highlighted Trump&#8217;s order for ByteDance to sell TikTok&#8217;s U.S. arm. The company that would have benefitted from the move was Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), which was co-founded by Trump donor Larry Ellison. Oracle CEO Safra Catz also donated to the Trump campaign for the 2020 election.
Yass is a donor to Club for Growth, a conservative group that supported Trump for the 2024 presidential election. Club for Growth is using former Trump adviser Kellyanne Conway to fight Congress&#8217;s plan to ban TikTok.
&#8220;When it comes to Donald Trump, follow the money,&#8221; Rep.&nbsp;Nancy Pelosi&nbsp;(D-Calif.) told Politico of Trump&#8217;s TikTok reversal.
Trump&nbsp;<a href="https://www.benzinga.com/news/24/03/37594839/enemy-of-the-people-trump-slams-meta-stock-as-tiktok-ban-faces-scrutiny" target="_blank" rel="noreferrer noopener">acknowledged in an interview</a>&nbsp;with CNBC that he met with Yass but the two did not talk about TikTok or ByteDance.
While the reversal of opinion on banning TikTok could have more to do with being&nbsp;<a href="https://www.benzinga.com/general/education/23/10/35339684/if-you-invested-1-000-in-meta-platforms-stock-when-donald-trump-said-facebook-was-always-anti-t" target="_blank" rel="noreferrer noopener">outspoken on Meta Platforms&nbsp;</a>and its CEO&nbsp;Mark Zuckerberg, the timing of the reversal after meeting with Yass drew scrutiny.
The report also came after a <a href="https://www.benzinga.com/general/politics/24/02/36990137/trump-says-anheuser-busch-deserves-second-chance-after-conservative-backlash-rocks-bud-light" target="_blank" rel="noreferrer noopener">similar reversal by Trump</a> in regards to the beer brand Bud Light and its parent company, Anheuser-Busch InBev.
The positive comments on the beer company came ahead of a fundraiser for the former president hosted by top Anheuser-Busch lobbyist&nbsp;Jeff Miller.
Trump's change of heart on TikTok and Bud Light coincided with key events or meetings involving major Republican donors.
Another factor in the positive commentary on TikTok could be Trump's granddaughter, Kai Trump. The eldest grandchild of Donald Trump and oldest child of Donald Trump Jr. has built a sizable following on TikTok with 1.3 million <a href="https://www.tiktok.com/@thekaitrumpgolfer?lang=en">followers</a>.
Kai Trump regularly shares golf videos on TikTok along with videos of her grandfather, which have generated millions of views. While it remains to be seen how Trump can stop the ban from happening, upsetting his own granddaughter by not fighting to keep TikTok could be another consideration in speaking positively of the app.
Trump's own TikTok, which launched in June 2024, has 14.7 million <a href="https://www.tiktok.com/@realdonaldtrump?lang=en">followers </a>and was mostly used during the 2024 election cycle.
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</ul>
This article was previously published by Benzinga and has been updated.
Photo: Shutterstock

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On Monday, Zomedica Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ZOM#AMEX">ZOM</a>) disclosed the launch of two new canine assays for its TRUFORMA <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/ac42643363/zomedica-launches-two-new-quantitative-assays-on-the-truforma-r-platform-canine-nt-probnp-and-pro" rel="noreferrer noopener">In-Clinic Biosensor Testing Platform</a>.
Zomedica&#8217;s progesterone test quantitatively measures progesterone levels in canine serum, helping determine optimal breeding timing, predict parturition dates, plan cesarean sections, and detect reproductive disorders, all with reference lab-level accuracy and in-clinic convenience.
The progesterone assay has become one of the most requested by practitioners, reflecting the high demand given the 4 million puppies born in the U.S. each year.
The canine NT-poBNP test measures NT-proBNP levels in EDTA plasma or serum, helping identify conditions such as congestive heart failure.
It distinguishes between cardiac and respiratory issues, identifies high-risk dogs, and supports monitoring of myxomatous mitral valve degeneration with reference lab-level accuracy.
Dr. Kelli Puccio, a Professional Services Veterinarian for Zomedica, said, &#8220;The TRUFORMA canine NT-proBNP assay facilitates the early detection of canine heart disease with the convenience of results in just a few minutes.&#8221;
&#8221;This provides veterinarians with the ability to start treatments and schedule advanced diagnostic tests more quickly. Increasing our patients&#8217; quality of life earlier in the disease process.&#8221;
&#8220;The TRUFORMA canine progesterone assay provides accurate serial quantitative progesterone measurements in clinic. This will permit veterinarians to recognize the optimal breeding window more efficiently, allowing for more successful breeding cycles.&#8221;
Ashley Wood, PhD, Zomedica&#8217;s Vice President of Research &amp; Development added, &#8220;Canine NT-proBNP and progesterone expand the range of indications to now include cardiac and reproductive conditions, offering even more comprehensive insights and support for clinical decision-making.&#8221;
Last month, Zomedica launched its third equine-focused assay—insulin for equine plasma—on the TRUFORMA <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/ac41966890/zomedica-launches-quantitative-insulin-assay-for-equine-plasma-on-the-truforma-r-platform" rel="noreferrer noopener">In-Clinic Biosensor Testing Platform</a>.
Price Action: ZOM shares are down 4.31% at $0.1199 at the last check on Monday.
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Image via Pexels

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Zomedica Unveils New Canine Tests Offering Faster Diagnostics for Heart and Breeding Health

Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) has dropped 17% in the past week, but analysts and traders suggest this could be a setup for a significant rally in 2025, fueled by increased investor interest and key bullish metrics.
What Happened: Lookonchain <a href="https://x.com/lookonchain/status/1871138914226057482">posted</a> on X on Dec. 23 that North Korean hackers suffered a $458,000 loss after betting on an Ethereum price increase. 
They deposited $476,489 USDC on Hyperliquid (CRYPTO: HYPE) to take a long position at $3,791.8 but were liquidated when Ethereum's price fell to $3,251.8.
CryptoQuant detailed shows key Ethereum metrics having turned bullish, such as moderately positive funding rates.
The Korea Premium Index for Ethereum suggests a significant price premium on South Korean exchanges, signaling heightened local demand.
Lastly, both institutional and retail investors are <a href="https://x.com/cryptoquant_com/status/1871168626021016027">showing</a> renewed confidence, with Ethereum fund holdings increasing despite the price dip.
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Trader Notes: Amid the downturn, crypto trader Jelle <a href="https://x.com/CryptoJelleNL/status/1871138681198666100">noted</a> Ethereum&#8217;s struggle to break above $4,000, a key resistance level. However, he remains skeptical that bears can "hold it down for a fourth time."
Adding optimism, IncomeSharks described the price drop as a "chimney pattern," hinting at a potential Santa Claus rally heading into the year-end.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> &#8211; We had to make the chimney pattern for a Santa Claus rally to play out. <a href="https://t.co/pC1KsxklZt">pic.twitter.com/pC1KsxklZt</a>
&mdash; IncomeSharks (@IncomeSharks) <a href="https://twitter.com/IncomeSharks/status/1871044701706674524?ref_src=twsrc%5Etfw">December 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Implying positive long-term sentiment, Quinten Francois dubbed Ethereum the &#8220;underdog of this cycle,&#8221; <a href="https://x.com/QuintenFrancois/status/1871092863305433259">highlighting</a> its potential for "massive accumulation" rather than speculative hype.
Cold Blooded Shiller predicts Ethereum will have a "really good 2025," suggesting that a price dip to $2,750–$3,000 could be an excellent entry point for long-term positioning. 
However, he <a href="https://x.com/ColdBloodShill/status/1871206623726743888">notes</a> Ethereum's 2024 performance may be limited to a 20% gain.
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Image: Shutterstock

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

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Nvni Group Shares Resumed Trade

Morgan Stanley analyst Brian Harbour maintains Darden Restaurants (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRI#NYSE">DRI</a>) with a Overweight and raises the price target from $193 to $209.

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Analyst Ratings

Morgan Stanley Maintains Overweight on Darden Restaurants, Raises Price Target to $209

QCOM

Live On CNBC, Jim Lebenthal Announces Bought More Qualcomm

In the current market session, Magnolia Oil &amp; Gas Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGY#NYSE">MGY</a>) share price is at $22.99, after a 0.44% spike. Moreover, over the past month, the stock fell by 18.05%, but in the past year, went up by 3.27%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1734974110_0.png" alt="Past Year Chart" />

<h3>Magnolia Oil &amp; Gas P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Magnolia Oil &amp; Gas has a lower P/E than the aggregate P/E of 24.49 of the Oil, Gas &amp; Consumable Fuels industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1734974110_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

P/E Ratio Insights for Magnolia Oil & Gas

Nvni Group Shares Halted On Circuit Breaker To The Upside, Stock Now Up 1.28%

Nvni Group Shares Resume Trading

Shares of Winnebago Industries Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WGO#NYSE">WGO</a>) remained under pressure on Monday, after the company reported a higher-than-expected loss <a href="https://www.benzinga.com/news/earnings/24/12/42615254/winnebago-industries-stock-falls-after-q1-earnings-miss-amid-challenging-marine-operating-environment">for the first quarter</a>.
Here are some key analyst takeaways.
<ul>
<li>Roth Capital Partners <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58fe05b90bd9910001595372/scott-stember">analyst Scott Stember</a> reiterated a Neutral rating and price target of $56.</li>
<li>BMO Capital Partners <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6531555b0d10db0001eaba63/tristan-thomas-martin">analyst Tristan Thomas-Martin</a> maintained an Outperform rating and price target of $70.</li>
<li>Truist Securities <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ee65320bd9910001ca9bef/michael-swartz">analyst Michael Swartz</a> reaffirmed a Buy rating and price target of $64.</li>
<li>Benchmark <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/62ab115992747d0001c9ab9f/michael-albanese">analyst Michael Albanese</a> reiterated a Buy rating and price target of $70.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Roth Capital Partners: Winnebago reiterated the midpoint of its fiscal 2025 earnings guidance, Stember said in a note. The company indicated prospects of the RV (recreational vehicle) environment becoming brighter, with monthly improvements in trend from October into November and the first two weeks of December showing year-on-year growth, he added.
"While encouraging, we note that December tends to be among the lowest selling volume months of the year, so one should be careful in drawing conclusions at this time," the analyst wrote. Although Winnebago would likely be "among the first OEMs to come out of the RV recession," there are limited signs of a sustained retail recovery, he further stated.
BMO Capital Partners: The company reported an adjusted loss of 3 cents per share. That&#8217;s below Street expectations of 20 cents, and a contraction from the year-ago quarter's 95 cents. Management indicated there were several "green shoots" heading into 2025, "with improving consumer confidence and an expectation of more interest rate cuts in 2025," Thomas-Martin said.
Management added that post-election retail trends had been positive, which could support a turnaround in the second half of fiscal 2025, the analyst stated. "For Q2, management expects sales to be in line with Q1 with a modest improvement to profitability," he further wrote.
Truist Securities: Although Winnebago missed its first-quarter results and announced a muted guidance for the second quarter, conversations with management suggest that "the tide may finally be turning," Swartz said in a note. The company's own internal registrations strengthened on a year-on-year basis in November) and the trend has carried into mid-December, he added.
"In addition to WGO&#8217;s greater production constraint (it undershipped the RV industry considerably in FY1Q), mngts&#8217; upbeat retail commentary, evidenced market share gains and (hopefully) a bottoming of Motorized RV profitability in FY1Q is suggestive of a relatively stronger recovery curve over the coming 12-18 months," the analyst further wrote.
Benchmark: The shortfall on the company's bottom-line was driven by a decline in sales and margin contraction, Albanese said. This resulted from factors such as "the GD Motor startup, increased warranty expense and absorption de-leverage," he added.
Management suggested that consumer confidence had improved. Retail sales had inflected positively for the first time in 40 months. Also, inventory was close to the one-to-one ratio, which "should relieve some pricing pressures," the analyst stated. "WGO likes what it is seeing in its internal data through the end of the year," he further wrote.
Price Action: Shares of Winnebago had declined by 1% to $49.47 at the time of publication on Monday.
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Image: Courtesy of Winnebago

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Nvni Group Shares Halted On Circuit Breaker To The Upside, Stock Now Down -9.79%

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HC Wainwright &amp; Co. analyst Amit Dayal reiterates REE Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REE#NASDAQ">REE</a>) with a Buy and maintains $15 price target.

HC Wainwright & Co. Reiterates Buy on REE Automotive, Maintains $15 Price Target

Nvni Group Shares Halted On Circuit Breaker To The Upside, Stock Now Down -20.4%

HC Wainwright &amp; Co. analyst Amit Dayal reiterates Aemetis (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMTX#NASDAQ">AMTX</a>) with a Buy and maintains $28 price target.

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