MORGAN STANLEY D/S PFD Q by Morgan Stanley Stock (OTC: MSPQV)

Latest news for MORGAN STANLEY D/S PFD Q by Morgan Stanley (OTC:MSPQV) Stock

MORGAN STANLEY D/S PFD Q by Morgan Stanley

WIIM

Vintage Wine Estates, Inc. - Common Stock

Vintage Wine Estates shares are trading lower after the company announced a bankruptcy filing and a voluntary delisting and SEC deregistration.

The sell-off in the shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) did not go down well with CNBC Mad Money host Jim Cramer. He aired his view on the sell-off through a series of posts on the social-media platform X, owned by Tesla CEO Elon Musk.
What Happened: Tesla shares fell about 9% and Google-parent Alphabet over 4% in premarket trading. Commenting on the stock moves, Cramer said, &#8220;Wonder if any of the sellers of Google or Tesla actually listened to the conference calls last night because anyone who did knows these companies are doing extremely well.&#8221;
&#8220;It is ALL zeitgeist and an attempt to get CEOs to say they are spending too much on AI,&#8221; he added.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I wonder if any of the sellers of Google or Tesla actually listened to the conference calls last night because anyone who did knows these companies are doing extremely well. It is ALL zeitgeist and an attempt to get ceos to say they are spending too much on AI
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1816044695165825405?ref_src=twsrc%5Etfw">July 24, 2024</a></blockquote>
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Tesla is ramping up efforts to bring its full self-driving technology to fruition. Just after the earnings call, Musk ran a poll on whether Tesla should invest $5 billion in his xAI venture.
Alphabet hinted at an acceleration in its capital spending plans to stay ahead of the rest of its AI peers. Deepwater Asset Management&#8217;s Gene Munster said the company runs the risk of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39925881/alphabet-investors-fret-over-margin-impact-of-higher-ai-related-capex-but-fund-mana">losing its grip on the future if it doesn&#8217;t grow CapEx at a 70%+ rate.</a>
See Also: <a href="https://www.benzinga.com/money/best-tech-stocks">Best Tech Stocks Right Now</a>
Tesla Poses Triple Threat: Tagging Musk, Cramer said he loved the quarter because &#8220;it shows you will be the leader in self-drive AND robotics AND grid electric flow.&#8221; &#8220;Triple threat man!&#8221; he added. 
Cramer expressed his optimism concerning the electric vehicle maker in a separate post. &#8220;I know that Tesla&#8217;s stock is down in after hours but, holy cow, what a terrific conference call: tutorial on autonomy, humanoids, batteries&#8230;really impressive,&#8221; he said.
Not many may buy into this argument as critics <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39924771/bubble-fraud-tesla-worth-around-8-40-per-share-stock-valuation-under-scrutiny-as-ev">questioned the valuation of the stock</a> amid the earnings miss and sizeable benefit bestowed by the zero emission-vehicle credit, which is one-time in nature.
Sell-offs Motive: Cramer said the sell-off has a mind of its own. While there was nothing wrong with Google&#8217;s results, Tesla has a lot of things going for it that no one cares about now but will matter years down the road, he said.
&#8220;A lot of this selloff has to do with the endless desire to get the small-cap v. Mag 7 nonsense going,&#8221; he said, adding &#8220;It&#8217;s just supposed to be this giant shift of money out of Mag 7 into the small-cap. It&#8217;s &#8216;the&#8217; hot flavor narrative.&#8221;
He also recommended against moving money out of mega-caps and artificial intelligence into &#8220;lousy&#8221; small-caps that &#8220;aren&#8217;t worth nearly as much as we are going to take them to.&#8221;
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), which tracks the small-cap focused Russell 2,000 Index, fell 0.50% to $221.52 in premarket trading, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39926440/tesla-stock-is-plunging-over-7-in-wednesdays-pre-market-after-q2-earnings-whats-going-on">Tesla Stock Is Plunging Over 7% In Wednesday&#8217;s Pre-Market After Q2 Earnings: What&#8217;s Going On</a></li>
</ul>
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GOOG

GOOGL

TSLA

Jim Cramer Slams Tesla, Google-Parent Alphabet Sellers, Says Anyone Who Listened To Conference Calls 'Knows These Companies Are Doing Extremely Well'

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Piper Sandler raised the price target for Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) from $205 to $300. Piper Sandler analyst Alexander Potter maintained an Overweight rating. Tesla shares fell 2% to close at $246.38 on Tuesday. <a href="https://www.benzinga.com/quote/TSLA/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Truist Securities increased the price target for Zions Bancorporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) from $45 to $54. Truist Securities analyst Jennifer Demba maintained a Hold rating. Zions Bancorporation shares gained 6.2% to close at $52.53 on Tuesday. <a href="https://www.benzinga.com/quote/ZION/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo raised the price target for Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) from $187 to $190. Wells Fargo analyst Ken Gawrelski maintained an Equal-Weight rating. Alphabet shares rose 0.1% to close at $181.79 on Tuesday. <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings">See how other analysts view this stock.</a></li>
<li>UBS decreased Boot Barn Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOOT#NYSE">BOOT</a>) price target from $140 to $125. UBS analyst Jay Sole downgraded the stock from Buy to Neutral. Boot Barn shares fell 1% to close at $122.54 on Tuesday. <a href="https://www.benzinga.com/quote/BOOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JMP Securities slashed the price target for CoStar Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) from $110 to $90. JMP Securities analyst Nicholas Jones maintained a Market Outperform rating. CoStar Group shares fell 0.9% to close at $74.84 on Tuesday. <a href="https://www.benzinga.com/quote/CSGP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Guggenheim raised Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) price target from $54.5 to $55. Guggenheim analyst Gregory Francfort maintained a Neutral rating. Chipotle shares fell 1.9% to close at $52.55 on Tuesday. <a href="https://www.benzinga.com/quote/CMG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Morgan Stanley cut Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) price target from $326 to $322. Morgan Stanley analyst James Faucette maintained an Overweight rating. Visa shares fell 1.1% to close at $264.79 on Tuesday. <a href="https://www.benzinga.com/quote/V/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Rosenblatt boosted Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) price target from $396 to $399. Rosenblatt analyst Barton Crockett maintained a Buy rating. Spotify shares gained 12% to close at $330.79 on Tuesday. <a href="https://www.benzinga.com/quote/SPOT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Jefferies cut The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) price target from $182 to $175. Jefferies analyst Kaumil Gajrawala downgraded the stock from Buy to Hold. Procter &amp; Gamble shares fell 1% to close at $166.62 on Tuesday. <a href="https://www.benzinga.com/quote/PG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Piper Sandler slashed Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) price target from $494 to $404. Piper Sandler analyst Korinne Wolfmeyer downgraded the stock from Overweight to Neutral. Ulta Beauty shares fell 0.6% to close at $389.29 on Tuesday. <a href="https://www.benzinga.com/quote/ULTA/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/news/24/07/39907046/best-buy-kroger-and-2-other-stocks-insiders-are-selling">Best Buy, Kroger And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

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Markets

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BOOT

CSGP

SPOT

ULTA

ZION

Tesla To Rally Around 22%? Here Are 10 Top Analyst Forecasts For Wednesday

If millennials needed one more reason to say the housing market is rigged against them, this is it.&nbsp;
Property taxes are designed to fund local services like schools, libraries, parks, trails, and other local facilities that make a community a great place to live. But rising inflation has meant rising property taxes, leaving some homeowners struggling to make up the difference.&nbsp;
Don't Miss:
<ul>
<li>This platform allows individuals to invest in commercial real estate with as little as $5,000<a href="https://www.benzinga.com/money/marcus-millichap-backed-platform-makes-it-easy-to-invest-in-real-estate"> offering a 12% target yield with a bonus 1% return boost today</a>.</li>
<li>This Jeff Bezos-backed startup will allow you to<a href="https://www.benzinga.com/money/bezos-landlord-100-dollars"> become a landlord in just 10 minutes, and you only need $100</a>.</li>
</ul>
Theoretically, everyone pays their portion of the pie, with homeowners in the most valuable properties paying the most. Properties are typically assessed annually, so whether you bought your home in 1975 or 2020 shouldn&#8217;t make a difference. But what if that isn&#8217;t the case?&nbsp;
With escalating inflation, some states have measures to limit maximum annual increases – with varying degrees of success. This year, Alabama, Wyoming, and Kansas enacted laws designed to protect homeowners from future astronomical tax hikes. Realtor.com reports that, in November, voters in Colorado and Georgia will weigh in on similar proposals.
However, realtor.com says the most controversial example comes from Georgia's Muscogee County. In 1982, voters approved a local ordinance freezing property taxes for existing homeowners. Since then, longtime homeowners have benefited from almost nonexistent <a href="https://www.benzinga.com/partner/real-estate/24/07/39664963/you-may-be-spending-more-on-property-taxes-than-you-need-to-save-on-taxes-with-ownwell-and-on">property taxes by today&#8217;s standards</a>.
See Also: <a href="https://www.benzinga.com/money/realbricks">Will the surge continue or decline on real estate prices? People are finding out about risk-free real estate investing that lets you cash out whenever you want.</a>
Suzanne Widenhouse, the county's chief appraiser, reported that two similar homes, each worth about $330,000, had a whopping $3,228 difference in their tax bill. One, owned by the same person since 1980, had to pay just $8 in property taxes, while the other, purchased in 2017, owed $3,236.&nbsp;
What is a fair property tax? That&#8217;s the real question with this disparity. Two homeowners with similar properties should pay a similar amount. But is $3,236 or about $270 a month for a home under the average price in many areas fair?&nbsp;
<h2 class="wp-block-heading">Does the local municipality have the funds to offer services, and does it add value for homeowners?&nbsp;</h2>
And what is proportional? In some areas, home values have jumped 54% in the past five years, according to the Case-Schiller home price index. Last year, state and local governments collected about $760 billion in property taxes, up 31% from 2018. That&#8217;s great for cities but one more burden for homeowners who struggle with rising inflation in other areas.&nbsp;
Is a cap the solution? In Washington state, which has had a 1% annual property tax cap since 2001, local municipalities can&#8217;t <a href="https://www.benzinga.com/money/costs-of-buying-a-home">keep up with rising costs</a>, leading to shortages or reduced services.&nbsp;
What&#8217;s the solution? A happy medium price cap? No price cap? A nationwide policy that overrides states&#8217; autonomy? We want to know what you think. Weigh in below!
Read Next:
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<li>Rory McIlroy&#8217;s mansion in Florida is worth $22 million today, doubling from 2017 —<a href="https://benzinga.com/money/rory-mcilroys-florida-mansion-doubled-in-value"> here&#8217;s how to get started investing in real estate with just $100</a></li>
<li>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" target="_blank" rel="noreferrer noopener">earn passive returns and avoid the headaches of being a landlord. </a></li>
</ul>

Personal Finance

Property Tax Caps: Homeowner Relief Or Community Killer? 'You're Paying $8, While Your Neighbor Owes $3,236'

Capitol Federal Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFFN#NASDAQ">CFFN</a>) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.11 by 36.36 percent. The company reported quarterly sales of $40.324 million which missed the analyst consensus estimate of $42.469 million by 5.05 percent. This is a 16.04 percent increase over sales of $34.750 million the same period last year.

Earnings Misses

CFFN

Capitol Federal Finl Q3 2024 GAAP EPS $0.07 Misses $0.11 Estimate, Sales $40.324M Miss $42.469M Estimate

Keybanc analyst Kenneth Zener maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Overweight and raises the price target from $400 to $410.

Keybanc Maintains Overweight on Sherwin-Williams, Raises Price Target to $410

<a href="https://www.globenewswire.com/Tracker?data=dE3SKTJQy44r9_mBvmlLk6CBj-HWVfCLJ4souXpSf-Q-xLTSaJUOwAAbMcvIM94qNuKvm78buytLP7wf8E0U3w==">Taboola</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBLA#NASDAQ">TBLA</a>), a global leader in powering recommendations for the open web, today announced Taboola for Audience, a new AI-powered technology that empowers publishers to drive significantly more traffic, which is more critical now than ever. &nbsp;
Taboola for Audience allows publishers to future-proof their audience development goals and navigate substantial changes affecting their referral traffic from search and social media. In 2024 alone, publishers have contended with changes to <a href="https://www.globenewswire.com/Tracker?data=T1qLTWnVSx4Bo9Gjf11ihgbBjpighlDSYudb__MEfr5tTa1L9gBTpcHBBM7pbz23ig4FIzKpTgpDmwpWTP9z45Kt6ichiAoe9rWLM_0vEQdKR_Lle1T6wvmVUowCgrjFJ-104HQ9YtVUPoGV-_BM-0yA335235k5sldftfgTguQQftJg6oR3kJMkeM2Ot09C">search engine</a> and <a href="https://www.globenewswire.com/Tracker?data=URNWrS62fwLwyjNGP4AAifzEN7aKLT4amkul5UNbEdXYlIwV1DI8ATrjR5kSJfQNsOZ6aWJ7Uwhb-t2nWBuBO-uh8wIoPTbVAYd2baIF661GstR2tvDKC4v9_DbD57K4-1Se3R7IF1XFlucNoFuXZICe1Kz-UImhJCVwg040sokn4VQ6KwzzbV3YgbWa8mrDhqo3ysLkBZkD-XxWAccWhQ==">social media traffic</a>, as well as ongoing uncertainty around the impact of Generative AI advancements.
Publishers are making use of Taboola for Audience capabilities and with it, Taboola has driven nearly 10 percent more traffic to select publisher sites. making it a top referral source after social media and search. Among select publishers, Taboola for Audience is the single largest traffic referral source after social media and search as well.

TBLA

Taboola Introduces Taboola For Audience; Publishers See Over 10% Traffic Growth

As of July 24, 2024, two stocks in the consumer discretionary sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">M/I Homes Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHO#NYSE">MHO</a>)</h3>
<ul>
<li>On July 24, Raymond James analyst Buck Horne initiated coverage on M/I Homes with a Strong Buy rating and announced a price target of $200. The company's stock gained around 26% over the past month and has a <a href="https://www.benzinga.com/quote/MHO">52-week high of $160.49</a>.</li>
<li>RSI Value: 78.31&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>MHO Price Action: Shares of M/I Homes gained 2.5% to close at $155.70 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Hovnanian Enterprises, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOV#NYSE">HOV</a>)</h3>
<ul>
<li>On June 25, Hovnanian Enterprises said Moody&#8217;s Ratings has upgraded Hovnanian&#8217;s corporate family rating to B2 from B3. The company's stock gained around 37% over the past month and <a href="https://www.benzinga.com/quote/HOV">has a 52-week high</a> of $199.50.</li>
<li>RSI Value: 72.88</li>
<li>HOV Price Action: Shares of Hovnanian rose 3.2% to close at $196.79 on Tuesday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/07/39907046/best-buy-kroger-and-2-other-stocks-insiders-are-selling">Best Buy, Kroger And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

Short Ideas

Top 2 Consumer Stocks That May Fall Off A Cliff This Quarter

The Nasdaq 100 closed lower by around 0.4% during Tuesday's session. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">NVIDIA</h3>
<ul>
<li>The Trade: NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) President and CEO Jen Hsun Huang <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 240,000 shares</a> at an average price of $120.65. The insider received around $29 million from selling those shares.</li>
<li>What's Happening: On July 22, Piper Sandler analyst Harsh Kumar maintained NVIDIA with an Overweight and raised the price target from $120 to $140.</li>
<li>What NVIDIA Does: Nvidia is a leading developer of graphics processing units.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">latest NVDA news</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="672" height="755" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050352/Screenshot-2024-07-24-at-2.33.35-PM.png" alt="" class="wp-image-453439" style="width:389px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050352/Screenshot-2024-07-24-at-2.33.35-PM.png 672w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050352/Screenshot-2024-07-24-at-2.33.35-PM-267x300.png 267w" sizes="(max-width: 672px) 100vw, 672px" /></a></figure>
<h3 class="wp-block-heading">Crown Holdings</h3>
<ul>
<li>The Trade: Crown Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCK#NYSE">CCK</a>) President and CEO Timothy J Donahue <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 15,000 shares</a> at an average price of $85.03. The insider received around $1.28 million from selling those shares.</li>
<li>What's Happening: On July 22, Crown Holdings reported better-than-expected second-quarter adjusted EPS results and raised its FY24 EPS guidance above estimates.</li>
<li>What Crown Holdings Does: Crown Holdings is one of the world&#8217;s largest producers of metal packaging.</li>
<li>Benzinga Pro's charting tool helped <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">identify the trend in CCK stock</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="686" height="753" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050425/Screenshot-2024-07-24-at-2.34.20-PM.png" alt="" class="wp-image-453440" style="width:445px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050425/Screenshot-2024-07-24-at-2.34.20-PM.png 686w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050425/Screenshot-2024-07-24-at-2.34.20-PM-273x300.png 273w" sizes="(max-width: 686px) 100vw, 686px" /></a></figure>
<h3 class="wp-block-heading">Accenture</h3>
<ul>
<li>The Trade: Accenture plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>) General Counsel/Corp Secretary Joel Unruch <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 8,145 shares</a> at an average price of $331.05. The insider received around $2.7 million from selling those shares.</li>
<li>What's Happening: On July 22, Accenture agreed to acquire Camelot Management Consultants.</li>
<li>What Accenture Does: Accenture is a leading global IT-services firm that provides consulting, strategy, and technology and operational services.</li>
<li>Benzinga Pro's signals feature notified of a <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">potential breakout in ACN shares</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="660" height="745" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050531/Screenshot-2024-07-24-at-2.35.24-PM.png" alt="" class="wp-image-453442" style="width:456px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050531/Screenshot-2024-07-24-at-2.35.24-PM.png 660w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050531/Screenshot-2024-07-24-at-2.35.24-PM-266x300.png 266w" sizes="(max-width: 660px) 100vw, 660px" /></a></figure>
<h3 class="wp-block-heading">McDonald&#8217;s</h3>
<ul>
<li>The Trade: McDonald&#8217;s Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) President, McDonald&#8217;s USA Joseph M. Erlinger &lt;a href=&#8221;https://www.benzinga.com/sec/insider-trades/&#8221;&gt;&lt;em&gt; sold a total of 1,099 shares &lt;/em&gt;&lt;/a&gt; at an average price of $260.00. The insider received around $285,740 from selling those shares.</li>
<li>What's Happening: On July 22, Stifel analyst Chris O&#8217;Cull maintained McDonald&#8217;s with a Hold and lowered the price target from $285 to $265.</li>
<li>What McDonald&#8217;s Does: McDonald&#8217;s is the largest restaurant owner-operator in the world, with 2023 system sales of $130 billion across nearly than 42,000 stores and 115 markets.</li>
<li>Benzinga Pro's earnings calendar was used to track <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1">MCD upcoming earnings report</a>.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="669" height="730" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050621/Screenshot-2024-07-24-at-2.36.15-PM.png" alt="" class="wp-image-453446" style="width:396px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050621/Screenshot-2024-07-24-at-2.36.15-PM.png 669w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/24050621/Screenshot-2024-07-24-at-2.36.15-PM-275x300.png 275w" sizes="(max-width: 669px) 100vw, 669px" /></a></figure>
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</ul>

Insider Trades

NVDA

Nvidia, McDonald's And 2 Other Stocks Insiders Are Selling

Pentair plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) reported better-than-expected second-quarter financial results and revised its FY24 <a href="https://www.benzinga.com/news/earnings/24/07/39907439/pentair-navigates-economic-headwinds-posts-q2-earnings-beat-updates-outlook-more">adjusted EPS guidance above estimates.</a>
Pentair reported a second-quarter 2024 net sales rose 2% Y/Y to $1.099 billion, marginally beating the consensus of $1.095 billion. Adjusted EPS rose 18% Y/Y to $1.22, surpassing the consensus of $1.14, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Flow sales decreased by 4% YoY to $396.8 million, Segment income of $84.4 million (+13% Y/Y), and the operating margin was 21.3%, an increase of 310 bps Y/Y. Water Solutions sales were $310.5 million (-8% Y/Y), Segment income was $72.9 million (-3% Y/Y), and ROS was 23.5%, up 130 bps Y/Y. Pool segment sales were $391.5 million (+17% Y/Y), Segment income was $133.6 million (+27% Y/Y), and ROS was 34.1%, up 270 bps Y/Y.
For FY24, Pentair revised adjusted EPS to $4.25 (from $4.15-$4.25) vs. consensus of $4.18; sees sales growth to be roughly flat to down 1% (vs. an increase of 2%-3% earlier) on a reported basis.
The company sees third-quarter adjusted EPS of $1.06 – $1.08 versus a consensus of $1.07. It expects sales to be down about 2%-3% on a reported basis.
Pentair shares gained 9% to close at $87.19 on Tuesday.
These analysts made changes to their price targets on Pentair following the announcement.
<ul>
<li>Oppenheimer analyst Bryan Blair maintained Pentair with an Outperform rating, while raising the price target from $92 to $98.</li>
<li>Keybanc analyst Jeffrey Hammond maintained the stock with an Overweight rating and increased the price target from $92 to $97.</li>
</ul>
Read Next: 
<ul>
<li><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></li>
</ul>

Pentair Analysts Increase Their Forecasts After Upbeat Earnings

John Marshall Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JMSB#NASDAQ">JMSB</a>) reported quarterly earnings of $0.27 per share. This is a 15.62 percent decrease over earnings of $0.32 per share from the same period last year.

JMSB

John Marshall Bancorp Q2 EPS $0.27 Down From $0.32 YoY

In a bold strategic move, Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) has announced its acquisition of Block Mining, a Kentucky-based Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) miner with a <a href="https://www.benzinga.com//node/39918868">massive power capability</a>. 
This acquisition aims to boost Riot&#8217;s mining prowess, as JPMorgan analyst Reginald L. Smith highlighted: "The deal diversifies Riot's power supply and increases capacity to over 2 GW, the second largest among U.S.-listed miners."
<h2 class="wp-block-heading">Riot&#8217;s $92.5 Million Power Play</h2>
Riot is shelling out $92.5 million to acquire Block Mining, split between $18.5 million in cash and $74 million in stock. As Smith noted, "Riot paid $1.5M per energized MW and ~$1M per contracted MW." 
This investment unlocks significant power resources, including Block Mining&#8217;s two Kentucky data centers, which can collectively support up to 305 MW by the end of 2025.
The acquisition gives Riot control over Commerce Drive, a 35 MW facility in Paducah with plans to expand to 100 MW, and Blue Steel, a 25 MW site in Calvert City, with potential growth to 55 MW. Additionally, the greenfield Coleman Road site offers between 60-150 MW and is expected to be operational by late 2025.
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39919247/who-will-kamala-harris-pick-for-vice-president-crypto-bettors-have-4-favorites-for-democra">Who Will Kamala Harris Pick For Vice President? Crypto Bettors Have 4 Favorites For Democratic Party Running Mate</a>
<h2 class="wp-block-heading">Skyrocketing Hashrate Targets</h2>
This acquisition is more than just about power; it's a leap in Riot&#8217;s hashrate ambitions. With 22 EH/s already online, Riot plans to increase its targets to 36.3 EH/s by the end of 2024 and 56.6 EH/s by the end of 2025.
"Riot aims to solidify their position as one of the three largest U.S.-listed miners by hashrate and power pipeline," Smith emphasized, marking a significant increase from prior goals of 31.5 EH/s and 40.8 EH/s.
<h3 class="wp-block-heading">Strategic Diversification Beyond Corsicana</h3>
Riot&#8217;s expansion beyond Corsicana, Texas, signals a strategic pivot, with Smith noting, "The announcement comes as a surprise, given the expansion potential at Corsicana." 
This move positions Riot as a leader in the industry, boasting the second-largest capacity among U.S.-listed miners.
By securing additional power sources and enhancing its mining capabilities, Riot Platforms is poised to reshape the crypto-mining landscape and assert its dominance in the market.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39897980/potential-trump-victory-could-stir-bitcoin-market-bernstein-analysts-predict-implications-">Potential Trump Victory Could Stir Bitcoin Market, Bernstein Analysts Predict — Implications For These Seven Crypto Stocks Outlined</a></li>
</ul>
Photo: Shutterstock

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

Cryptocurrency

$BTC

RIOT

Riot Platforms Becomes Second Largest US-Listed Miners With Block Mining Acquisition

WLDS

Wearable Devices Announces Global Defense Company Purchase Of Mudra Development Kit For Deep-Level Capability Evaluation; Expands Opportunities In Defense Market Following Previous Agreement With Sector Leader

Travel agencies can book both NDC and traditional ATPCO/EDIFACT content through the Sabre global distribution system (GDS)

SABR

Sabre Offers NDC Content From Hawaiian Airlines

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/07/23/final-trades-corning-truist-financial-kinder-morgan-and-honeywell.html">Halftime Report Final Trades</a>,&#8221; Kevin Simpson of Capital Wealth Planning said Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) bought back 10% of their float over the last five years.
Honeywell will release its second-quarter financial results, before the opening bell on Thursday, July 25. Analysts expect the Charlotte, North Carolina-based company to report quarterly earnings at $2.41 per share, up from $2.23 per share in the year-ago period. Honeywell is seen posting revenue of $9.41 billion, compared to $9.17 billion a year earlier, according to data from Benzinga Pro.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joshua Brown of Ritholtz Wealth Management said Corning Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) had a big rally and has been consolidating. &#8220;I think waiting for the <a href="https://www.benzinga.com/markets/equities/24/07/39665128/why-apples-glass-supplier-corning-shares-are-jumping-premarket-today">next leg up,&#8221; he noted</a>.
On July 8, Corning increased its second-quarter core sales guidance. The company now projects core sales to be approximately $3.6 billion (vs. consensus of $3.41 billion), an increase from the previous guidance of $3.4 billion. Core EPS is expected to reach the high end of, or slightly exceed, the management's guided range of $0.42 to $0.46 (vs. estimate of $0.45).
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Kinder Morgan, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) has a 5.3% yield. Earnings were &#8220;perfectly great,&#8221; she added.
On July 17, Kinder Morgan reported second-quarter FY24 revenue of $3.57 billion, missing the consensus of $4.12 billion.
Stephanie Link of Hightower said Truist Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>) topped earnings and revenue estimates.
On July 22, Truist Financial posted better-than-expected quarterly earnings. The company reported quarterly earnings of 91 cents per share which beat the analyst consensus estimate of 82 cents per share. The company reported quarterly sales of $5.018 billion which beat the analyst consensus estimate of $4.805 billion.
Price Action:
<ul>
<li>Corning shares fell 0.6% to close at $44.06 on Tuesday.</li>
<li>Honeywell shares gained 0.2% to settle at $217.38 during Tuesday's session.</li>
<li>Kinder Morgan shares fell 1.1% to close at $21.62 on Tuesday.</li>
<li>Truist Financial shares gained 0.9% to settle at $44.15 on Tuesday.</li>
</ul>
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</ul>

Honeywell, Kinder Morgan, Truist Financial And A Tech Stock: CNBC's 'Final Trades'

LITM

Snow Lake Resources Updates On Black Lake Uranium Project; CEO Announces Completion Of 100% Acquisition Option And Plans For 2024 Exploration Program, Including Airborne Survey And Ground Geophysics

Edible Garden AG Incorporated ("Edible Garden" or the "Company") (NASDAQ:<a href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>, EDBLW))), a leader in controlled environment agriculture (CEA), locally grown, organic, and sustainable produce and products, today announced that the Company experienced a more than 44% year-over-year increase in preliminary produce sales for the key July 4th holiday time period.1

Guidance

EDBL

Edible Garden Achieves Over 44% YoY Increase In Preliminary Overall Produce Sales

DA Davidson analyst Brandon Rolle upgrades Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) from Neutral to Buy and announces $45 price target.

Upgrades

MBUU

DA Davidson Upgrades Malibu Boats to Buy, Announces $45 Price Target

ATEC

Alphatec Holdings Launches EOS Insight Spine Surgery Platform

Stifel analyst Matthew Smith maintains Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) with a Buy and raises the price target from $115 to $120.

Stifel Maintains Buy on Philip Morris Intl, Raises Price Target to $120

6.625% PRF PERPETUAL USD 25 - Dep Rep 1/1000 Ser Q

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MORGAN STANLEY D/S PFD Q by Morgan Stanley

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