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American rapper Meek Mill has seemingly joined the long list of celebrities to own a Cybertruck. But unlike the others on the list, the rapper also teased a song named after Tesla Inc&#8216;s stainless steel electric truck.
What Happened: Mill released a short snippet of a music video on Instagram last week. The video features two Cybertrucks parked facing each other and Mills confirmed that the song is titled&#8230;.&#8221;Cybertruck.&#8221; The video also features the Mercedes-Maybach S-Class and the Lamborghini Urus.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19223524/Screenshot-2024-07-20-at-8.05.00%E2%80%AFAM-1024x439.png" alt="" class="wp-image-446829" /><figcaption class="wp-element-caption">Credit: Instagram/MeekMill</figcaption></figure>
While it is unclear if either of the two Cybertruck in the music video belongs to Mill, the rapper seemingly owns a Cybertruck himself. New Jersey-based vehicle customizer Car Effex posted a video earlier this week of Mills driving away in a customized, matte black-wrapped Cybertruck. 
<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">Cool
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1814367416324874612?ref_src=twsrc%5Etfw">July 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;Can I get a Tesla cyber truck?????,&#8221; Mill wrote on X in February. 
<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">Can I get a Tesla cyber truck?????
&mdash; MeekMill (@MeekMill) <a href="https://twitter.com/MeekMill/status/1754562884300947524?ref_src=twsrc%5Etfw">February 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In April, the rapper expressed frustration over the <a href="https://www.benzinga.com/government/24/04/38331377/tesla-recalls-over-3-800-cybertrucks-citing-unintended-acceleration-risk">recall of over 3,800 Cybertrucks</a> owing to concerns of unintentional acceleration and wrote, &#8220;Wassup with these cyber trucks because I had another brand electric car &#8216;not Tesla&#8217; do the same thing I crashed and got hurt bad&#8230;&#8221; The singer was driving a GMC Hummer EV.
&#8220;The airbags didn't even come out in a totaled car! Tesla has always been safe for me I tried some new shit and it almost killed me the first day!,&#8221; Mill added about the accident.
<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">Wassup with these cyber trucks because I had another brand electric car "not Tesla "do the same thing I crashed and got hurt bad…. The air bags didn't even come out in a totaled car! Tesla has always been safe for me I tried some new shit and it almost killed me the first day!
&mdash; MeekMill (@MeekMill) <a href="https://twitter.com/MeekMill/status/1781363332278071607?ref_src=twsrc%5Etfw">April 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The accident did not seemingly deter the rapper from making another EV purchase. 
Why It Matters:&nbsp;The Cybertruck&#8217;s stainless steel body allows no exterior paint. However, customers can wrap the truck, either with wraps available at Tesla&#8217;s online shop, or more individualistic wraps from third-party customizers. The clear and paint films available on Tesla shop are priced between $5000-$6500.
Tesla started delivering the Cybertruck in November. Since then, several celebrities and popular names have taken delivery of it including&nbsp;Justin Bieber,&nbsp;Jay-Z&nbsp;and&nbsp;Beyonce,&nbsp;Serena Williams, and&nbsp;Lady Gaga.
The celebrity status of the Cybertruck is likely due to the vehicle&#8217;s unconventional design, high price point, and the few units available on the road. The vehicle pricing starts at $79,990 for the all-wheel drive version and $99,990 for the more premium Cyberbeast version. A lower-priced rear-wheel drive version of the truck will be&nbsp;<a href="https://www.benzinga.com/news/24/04/38130429/new-cybertruck-orders-will-only-be-delivered-in-2025-says-tesla-website" target="_blank" rel="noreferrer noopener">available in 2025</a>, as per the company website, starting at $60,990.
Tesla is currently scaling the production of the Cybertruck and aims to make 250,000 annually by 2025. The company has touched a weekly production rate of 1,300 Cybertrucks, Musk said at Tesla's annual shareholder meeting in June. The EV maker is looking to increase it further this year to touch 2,500 units by year-end,<a href="https://www.benzinga.com/news/24/06/39330272/tesla-ramping-up-cybertruck-production-to-touch-2-500-units-per-week-non-foundation-series-to-start" target="_blank" rel="noreferrer noopener">&nbsp;the CEO added</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link</a>.
Read More:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39855931/elon-musk-says-tesla-will-deploy-fsd-in-cybertrucks-with-version-12-5-stays-mum-on-fresh-timeline-af">Elon Musk Says Tesla Will Deploy FSD In Cybertrucks With Version 12.5: Stays Mum On Fresh Timeline After Delay</a></li>
</ul>
Image Via Shutterstock

Entertainment

News

Tech

Elon Musk Reacts As Rapper Meek Mill Flexes His All-Black Cybertruck Ahead Of His New Song Named After Tesla's EV Truck

Meta Platforms Inc. CEO Mark Zuckerberg has applauded former President Donald Trump&#8216;s handling of a <a href="https://www.benzinga.com/news/24/07/39761846/trump-left-bloodied-after-shots-fired-at-pennsylvania-rally-evacuated-by-secret-service">recent assassination attempt</a>, terming it &#8220;bad&#x2A;&#x2A;s&#8221; in a recent interview.
What Happened: Zuckerberg did not endorse Trump or any other candidate for the forthcoming elections. In an <a href="https://www.bloomberg.com/news/articles/2024-07-19/mark-zuckerberg-calls-donald-trump-badass-without-endorsing-for-president">interview</a> with Bloomberg, he reiterated that Meta would persist in reducing political content in users&#8217; feeds, in response to users&#8217; preference for less of it.
Speaking on the attempt on Trump's life, Zuckerberg had a few words of praise for the former president, despite the latter's feelings towards the Meta CEO not being as warm.
"Seeing Donald Trump get up after getting shot in the face and pump his fist in the air with the American flag is one of the most bad&#x2A;&#x2A;s things I&#8217;ve ever seen in my life."
"As an American, it&#8217;s, like, hard to not get kind of emotional about that spirit and that fight, and I think that that&#8217;s why a lot of people like the guy."
See Also: <a href="https://www.benzinga.com/news/24/01/36710449/biden-mocks-trump-after-ex-president-mixes-up-nikki-haley-with-former-speaker-she-is-not-nancy-pelos?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Biden Mocks Trump After Ex-President&#8217;s Campaign Rally Gaffe</a>
Zuckerberg&#8217;s remarks come at a time when the role of Big Tech in politics is under scrutiny. He reaffirmed Meta&#8217;s commitment to limiting political content on its platforms, including Facebook, Instagram, and Threads.
While Zuckerberg&#8217;s praise for Trump has attracted attention, his comments on Meta&#8217;s position on political content could have more profound implications for the company&#8217;s role in future elections.
Why It Matters: The relationship between Trump and Zuckerberg has been fraught with tension. The former president <a href="https://www.benzinga.com/news/24/07/39723781/trump-threatens-to-jail-metas-mark-zuckerberg-and-election-fraudsters-if-re-elected-dont-do-it-be-ca">had previously stated </a>on Truth Social that he would like to see Zuckerberg and other &#8220;election fraudsters&#8221; in prison if he were to be re-elected.
A few days later, Meta <a href="https://www.benzinga.com/news/24/07/39759624/meta-removes-heightened-penalties-on-donald-trumps-accounts-a-day-after-ex-president-threatens-to-pu">lifted the additional restrictions</a> previously imposed on Trump&#8217;s accounts.
Last year, Trump <a href="https://www.benzinga.com/news/22/09/28744962/trump-says-weirdo-mark-zuckerberg-came-to-white-house-for-dinner-with-him-last-week-1">referred to Zuckerberg</a> as a &#8220;weirdo&#8221; during a rally. He also <a href="https://www.benzinga.com/news/23/02/31063532/trump-lashes-out-after-report-of-zuckerberg-linked-groups-2m-donation-to-georgia-elections-board-why">called for Zuckerberg&#8217;s prosecution</a> following a report of links to the Georgia Election Board.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/politics/24/01/36877020/robert-f-kennedy-jr-doesnt-want-to-be-trumps-vice-president-pick-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Robert F. Kennedy Jr. Doesn&#8217;t Want To Be Trump&#8217;s Vice President Pick, Here&#8217;s Why</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photos courtesy: Flickr and Shutterstock

Politics

Mark Zuckerberg Calls Trump's Response To Assassination Attempt 'Bad**s' Days After Ex-President Threatened To Jail Meta CEO

Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) has outperformed the market over the past 5 years by 15.26% on an annualized basis producing an average annual return of 28.1%. Currently, Lattice Semiconductor has a market capitalization of $7.75 billion. 
Buying $100 In LSCC: If an investor had bought $100 of LSCC stock 5 years ago, it would be worth $343.28 today based on a price of $56.33 for LSCC at the time of writing.
<h3>Lattice Semiconductor's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721424625_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

LSCC

Here's How Much You Would Have Made Owning Lattice Semiconductor Stock In The Last 5 Years

Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) has outperformed the market over the past 10 years by 7.87% on an annualized basis producing an average annual return of 18.57%. Currently, Republic Servs has a market capitalization of $64.08 billion. 
Buying $1000 In RSG: If an investor had bought $1000 of RSG stock 10 years ago, it would be worth $5,492.98 today based on a price of $203.46 for RSG at the time of writing.
<h3>Republic Servs's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721424620_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,500 Today

Jefferies analyst Biren Amin downgrades Agenus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGEN#NASDAQ">AGEN</a>) from Buy to Hold and raises the price target from $3 to $7.

Downgrades

Price Target

Analyst Ratings

AGEN

Jefferies Downgrades Agenus to Hold, Raises Price Target to $7

13 analysts have expressed a variety of opinions on Floor &amp; Decor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>) over the past quarter, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">7</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $113.92, along with a high estimate of $127.00 and a low estimate of $100.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 4.8%. 
<img src="https://www.benzinga.com/files/images/story/2024/1721422881_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Floor &amp; Decor Hldgs. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Zaccone</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$104.00</td>
<td>$109.00</td>
</tr>
<tr>
<td>Max Rakhlenko</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$100.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Keith Hughes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$115.00</td>
<td>$130.00</td>
</tr>
<tr>
<td>Justin Kleber</td>
<td>Baird</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$127.00</td>
<td>$127.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$100.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$125.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Michael Lasser</td>
<td>UBS</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$125.00</td>
<td>$135.00</td>
</tr>
<tr>
<td>Max Rakhlenko</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$115.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Greg Melich</td>
<td>Evercore ISI Group</td>
<td>Lowers</td>
<td>In-Line</td>
<td>$115.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Seth Basham</td>
<td>Wedbush</td>
<td>Maintains</td>
<td>Outperform</td>
<td>$125.00</td>
<td>-</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>David Bellinger</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$110.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Joseph Feldman</td>
<td>Telsey Advisory Group</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$110.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Floor &amp; Decor Hldgs. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Floor &amp; Decor Hldgs compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Floor &amp; Decor Hldgs's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Floor &amp; Decor Hldgs's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/FND/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Floor &amp; Decor Hldgs analyst ratings.</a>
<h2>About Floor &amp; Decor Hldgs</h2>
Floor &amp; Decor Holdings Inc operates as a specialty retailer in the hard surface flooring market. Its stores offer a range of tile, wood, laminate, and natural stone flooring products, as well as decorative and installation accessories at everyday low prices. It appeals to a variety of customers including professional installers, commercial businesses, Do It Yourself (DIY) customers, and customers who buy the products for professional installation. Geographically, the group has a presence in the United States region and also offers its product through an e-commerce site.
<h3>Floor &amp; Decor Hldgs's Economic Impact: An Analysis</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Decline in Revenue: Over the 3 months period, Floor &amp; Decor Hldgs faced challenges, resulting in a decline of approximately -2.21% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Consumer Discretionary sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 4.56%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Floor &amp; Decor Hldgs's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 2.56%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Floor &amp; Decor Hldgs's ROA stands out, surpassing industry averages. With an impressive ROA of 1.07%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Floor &amp; Decor Hldgs's debt-to-equity ratio is below the industry average. With a ratio of 0.84, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Floor & Decor Hldgs: 13 Analysts Share Their Views

8 analysts have shared their evaluations of T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">6</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated T-Mobile US and provided 12-month price targets. The average target is $197.5, accompanied by a high estimate of $210.00 and a low estimate of $185.00. This current average reflects an increase of 5.78% from the previous average price target of $186.71. 
<img src="https://www.benzinga.com/files/images/story/2024/1721422874_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of T-Mobile US by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Rollins</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$210.00</td>
<td>$184.00</td>
</tr>
<tr>
<td>Bryan Kraft</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$200.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>James Schneider</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Buy</td>
<td>$200.00</td>
<td>-</td>
</tr>
<tr>
<td>David Barden</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$195.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Matthew Harrigan</td>
<td>Benchmark</td>
<td>Maintains</td>
<td>Buy</td>
<td>$200.00</td>
<td>$200.00</td>
</tr>
<tr>
<td>Paul Gallant</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Buy</td>
<td>$202.00</td>
<td>$204.00</td>
</tr>
<tr>
<td>Kutgun Maral</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$188.00</td>
<td>$184.00</td>
</tr>
<tr>
<td>Brandon Nispel</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$185.00</td>
<td>$175.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to T-Mobile US. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of T-Mobile US compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for T-Mobile US's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of T-Mobile US's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/TMUS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on T-Mobile US analyst ratings.</a>
<h2>About T-Mobile US</h2>
Deutsche Telekom merged its T-Mobile USA unit with prepaid specialist MetroPCS in 2013, and that firm merged with Sprint in 2020, creating the second-largest wireless carrier in the us T-Mobile now serves 77 million postpaid and 21 million prepaid phone customers, equal to around 30% of the us retail wireless market. The firm entered the fixed-wireless broadband market aggressively in 2021 and now serves more than 5 million residential and business customers. In addition, T-Mobile provides wholesale services to resellers.
<h3>A Deep Dive into T-Mobile US's Financials</h3>
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: T-Mobile US's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -0.19%. This indicates a decrease in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 12.12%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): T-Mobile US's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 3.74% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): T-Mobile US's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.15% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.86.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TMUS

Breaking Down T-Mobile US: 8 Analysts Share Their Views

Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) has outperformed the market over the past 5 years by 19.11% on an annualized basis producing an average annual return of 31.96%. Currently, Steel Dynamics has a market capitalization of $20.18 billion. 
Buying $100 In STLD: If an investor had bought $100 of STLD stock 5 years ago, it would be worth $407.23 today based on a price of $128.44 for STLD at the time of writing.
<h3>Steel Dynamics's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721422820_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

STLD

Here's How Much $100 Invested In Steel Dynamics 5 Years Ago Would Be Worth Today

Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) has outperformed the market over the past 10 years by 18.66% on an annualized basis producing an average annual return of 29.36%. Currently, Lam Research has a market capitalization of $119.76 billion. 
Buying $100 In LRCX: If an investor had bought $100 of LRCX stock 10 years ago, it would be worth $1,297.74 today based on a price of $916.00 for LRCX at the time of writing.
<h3>Lam Research's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721422816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

LRCX

Here's How Much $100 Invested In Lam Research 10 Years Ago Would Be Worth Today

UBS analyst Joshua Spector maintains PPG Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PPG#NYSE">PPG</a>) with a Neutral and raises the price target from $140 to $142.

UBS Maintains Neutral on PPG Indus, Raises Price Target to $142

Whales with a lot of money to spend have taken a noticeably bearish stance on AT&amp;T.
Looking at options history for AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 70% with bearish.
From the overall spotted trades, 5 are puts, for a total amount of $195,212 and 5, calls, for a total amount of $233,106.
<h3>What's The Price Target?</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $18.0 to $25.0 for AT&amp;T during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of AT&amp;T stands at 18247.43, with a total volume reaching 2,777.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AT&amp;T, situated within the strike price corridor from $18.0 to $25.0, throughout the last 30 days.
<h3>AT&amp;T Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721422018_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>T</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$0.86</td>
<td>$0.83</td>
<td>$0.83</td>
<td>$20.00</td>
<td>$103.7K</td>
<td>74.6K</td>
<td>138</td>
</tr>
<tr>
<td>T</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$6.0</td>
<td>$5.9</td>
<td>$6.0</td>
<td>$25.00</td>
<td>$47.4K</td>
<td>0</td>
<td>0</td>
</tr>
<tr>
<td>T</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$0.85</td>
<td>$0.63</td>
<td>$0.85</td>
<td>$19.00</td>
<td>$42.5K</td>
<td>16.4K</td>
<td>1.2K</td>
</tr>
<tr>
<td>T</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$0.67</td>
<td>$0.66</td>
<td>$0.66</td>
<td>$18.00</td>
<td>$41.0K</td>
<td>3.0K</td>
<td>2</td>
</tr>
<tr>
<td>T</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$3.5</td>
<td>$3.4</td>
<td>$3.5</td>
<td>$22.00</td>
<td>$38.8K</td>
<td>6.6K</td>
<td>0</td>
</tr>
</tbody>
</table>

<h3>About AT&amp;T</h3>
The wireless business contributes about two thirds of AT&amp;T's revenue. The firm is the third-largest US wireless carrier, connecting 72 million postpaid and 17 million prepaid phone customers. Fixed-line enterprise services, which account for about 16% of revenue, include internet access, private networking, security, voice, and wholesale network capacity. Residential fixed-line services, about 11% of revenue, primarily consist of broadband internet access, serving 14 million customers. AT&amp;T also has a sizable presence in Mexico, with 22 million customers, but this business only accounts for 3% of revenue. The firm still holds a 70% equity stake in satellite television provider DirecTV but does not consolidate this business in its financial statements.
In light of the recent options history for AT&amp;T, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is AT&amp;T Standing Right Now?</h3>
<ul>
<li>With a trading volume of 29,101,131, the price of T is down by -0.26%, reaching $19.1.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 5 days from now.</li>
</ul>
<h3>Expert Opinions on AT&amp;T</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $22.0.
<ul>
<li>Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on AT&amp;T with a target price of $21. </li>
<li>Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for AT&amp;T, targeting a price of $26. </li>
<li>In a cautious move, an analyst from RBC Capital downgraded its rating to Sector Perform, setting a price target of $18. </li>
<li>An analyst from Goldman Sachs has revised its rating downward to Buy, adjusting the price target to $22. </li>
<li>An analyst from Scotiabank persists with their Sector Outperform rating on AT&amp;T, maintaining a target price of $23. </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 AT&amp;T, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

This Is What Whales Are Betting On AT&T

Investors with a lot of money to spend have taken a bullish stance on Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</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 LEN, 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 Lennar.
This isn't normal.
The overall sentiment of these big-money traders is split between 44% bullish and 33%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $231,738, and 5 are calls, for a total amount of $192,646.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $139.0 to $180.0 for Lennar over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Lennar options trades today is 1023.5 with a total volume of 903.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Lennar's big money trades within a strike price range of $139.0 to $180.0 over the last 30 days.
<h3>Lennar Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721422013_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$13.4</td>
<td>$13.0</td>
<td>$13.22</td>
<td>$180.00</td>
<td>$66.1K</td>
<td>11</td>
<td style="text-align: right;">204</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$13.4</td>
<td>$13.0</td>
<td>$13.14</td>
<td>$180.00</td>
<td>$65.7K</td>
<td>11</td>
<td style="text-align: right;">254</td>
</tr>
<tr>
<td>LEN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$4.4</td>
<td>$4.3</td>
<td>$4.4</td>
<td>$175.00</td>
<td>$54.5K</td>
<td>1.3K</td>
<td style="text-align: right;">94</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$13.3</td>
<td>$13.1</td>
<td>$13.22</td>
<td>$180.00</td>
<td>$50.4K</td>
<td>11</td>
<td style="text-align: right;">78</td>
</tr>
<tr>
<td>LEN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$13.5</td>
<td>$13.2</td>
<td>$13.35</td>
<td>$180.00</td>
<td>$49.3K</td>
<td>11</td>
<td style="text-align: right;">116</td>
</tr>
</tbody>
</table>

<h3>About Lennar</h3>
Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for rent construction and has invested in numerous housing-related technology startups.
Following our analysis of the options activities associated with Lennar, we pivot to a closer look at the company's own performance.
<h3>Lennar's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,814,460, the price of LEN is up by 0.54%, reaching $170.94.</li>
<li>Current RSI values indicate that the stock is may be overbought.</li>
<li>Next earnings report is scheduled for 55 days from now.</li>
</ul>
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 Lennar with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Lennar Options Trading: A Deep Dive into Market Sentiment

Financial giants have made a conspicuous bullish move on AppLovin. Our analysis of options history for AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) revealed 15 unusual trades.
Delving into the details, we found 46% of traders were bullish, while 6% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $686,497, and 6 were calls, valued at $289,682.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $95.0 for AppLovin over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of AppLovin stands at 398.8, with a total volume reaching 1,583.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in AppLovin, situated within the strike price corridor from $60.0 to $95.0, throughout the last 30 days.
<h3>AppLovin 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721422008_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>APP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$17.6</td>
<td>$17.3</td>
<td>$17.45</td>
<td>$95.00</td>
<td>$152.0K</td>
<td style="text-align: right;">22</td>
<td style="text-align: right;">400</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$17.5</td>
<td>$17.3</td>
<td>$17.34</td>
<td>$95.00</td>
<td>$124.9K</td>
<td style="text-align: right;">22</td>
<td style="text-align: right;">306</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$17.4</td>
<td>$17.3</td>
<td>$17.37</td>
<td>$95.00</td>
<td>$112.9K</td>
<td style="text-align: right;">22</td>
<td style="text-align: right;">84</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$21.8</td>
<td>$21.6</td>
<td>$21.77</td>
<td>$60.00</td>
<td>$87.1K</td>
<td style="text-align: right;">320</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>APP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$17.4</td>
<td>$17.3</td>
<td>$17.38</td>
<td>$95.00</td>
<td>$81.6K</td>
<td style="text-align: right;">22</td>
<td style="text-align: right;">84</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
After a thorough review of the options trading surrounding AppLovin, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is AppLovin Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,618,152, with APP's price up by 1.08%, positioned at $81.8.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 19 days.</li>
</ul>
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 AppLovin with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Unpacking the Latest Options Trading Trends in AppLovin

Sportsbooks and prediction markets show President Joe Biden with low odds of winning the<a href="https://www.benzinga.com/topic/2024-election"> 2024 presidential election.</a>
The odds continue to shift with calls for Biden to drop out of the race growing.
 What Happened: Despite calls to step down, Biden has brushed off concerns and his campaign team <a href="https://www.benzinga.com/general/politics/24/07/39864062/will-joe-biden-drop-out-of-2024-white-house-race-who-replaces-him-on-democratic-ticket-mark-cuba">remains committed to the president staying</a> in the race as of Friday morning.
Biden has been losing ground in election polls since the first presidential debate and odds for Donald Trump to win have soared at sportsbooks and on prediction markets.
Here are the current betting odds for the 2024 election from <a href="https://www.covers.com/politics/us-election-betting-odds">Covers</a>, using data from Bet365 and the betting odds from May, late June and <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39651791/kamala-harris-trumps-biden-in-2024-election-odds-leads-her-boss-in-3-of-6-swing-states">earlier in July.</a>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Candidate</td>
<td>July 19 Odds</td>
<td>July 15 Odds </td>
<td>July 5 Odds</td>
<td>June 29 Odds </td>
<td>May Odds</td>
</tr>
<tr>
<td>Donald Trump</td>
<td>-200</td>
<td>-250</td>
<td>-175</td>
<td>-188</td>
<td>-110</td>
</tr>
<tr>
<td>Kamala Harris</td>
<td>+333</td>
<td>+800</td>
<td>+400</td>
<td>+2,200</td>
<td>+4,000</td>
</tr>
<tr>
<td>Joe Biden</td>
<td>+1,200</td>
<td>+500</td>
<td>+800</td>
<td>+350</td>
<td>+130</td>
</tr>
<tr>
<td>Michelle Obama</td>
<td>+1,600</td>
<td>+1,800</td>
<td>+1,200</td>
<td>+2,200</td>
<td>+1,400</td>
</tr>
<tr>
<td>Gavin Newsom</td>
<td>+2,200</td>
<td>+2,000</td>
<td>+1,600</td>
<td>+550</td>
<td>+4,000</td>
</tr>
<tr>
<td>Robert F. Kennedy Jr. </td>
<td>+6,600</td>
<td>+5,000</td>
<td>+5,000</td>
<td>+6,000</td>
<td>+2,500</td>
</tr>
</tbody>
</table>
</figure>
At odds of -200, Trump now has an implied 69.2% chance of winning the 2024 presidential election. Trump's odds have hit as high as -333 at some sportsbooks<a href="https://www.benzinga.com/general/politics/24/07/39780356/trumps-2024-election-betting-odds-hit-record-high-after-assassination-attempt-payouts-for-ex-pre"> in recent weeks.</a>
The chart shows how drastic the odd changes have been over the last two months. 
Vice President Kamala Harris and Biden have flipped back and forth several times depending on the current day. Harris is now listed with odds more than 3x better than Biden. The implied odds show Harris with a 25% chance of winning the 2024 election and Biden's odds stand at only 8.3%.
For the Democratic Party, Harris has odds of -150 to win at Bet365, an implied 60% chance of winning. Biden is +300, or around 25%, followed by Michelle Obama (+800), Gavin Newsom (+1,000) and Gretchen Whitmer (+1,200). &nbsp;
Sportsbook BetMGM, which is a joint venture of MGM Resorts Worldwide (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain, show the following odds in the U.K.:
<ul>
<li>Trump: -286</li>
<li>Harris: +350</li>
<li>Biden: +900</li>
<li>Obama: +2,000</li>
<li>Newsom: +2,500</li>
<li>Whitmer: +3,300</li>
<li>Kennedy Jr.: +5,000</li>
<li>Clinton: +6,600</li>
</ul>
Biden has an 8% chance of winning compared to 61% for Trump and 18% for Harris according to the BetMGM odds, <a href="https://www.actionnetwork.com/politics/2024-presidential-election-odds-predictions-latest-odds-republican-national-convention">reported </a>by Action Network.
Read Also:<a href="https://www.benzinga.com/general/politics/24/07/39844101/pelosi-tells-biden-he-cant-beat-trump-shell-do-everything-in-her-power-to-prevent-2024-run"> Pelosi Tells Biden He Can&#8217;t Beat Trump: She&#8217;ll &#8216;Do Everything In Her Power&#8217; To Prevent 2024 Run</a>
Why It&#8217;s Important:&nbsp;The 2024 presidential election is less than four months away. The Republican National Convention has concluded with Trump as the official candidate and the party showing unity behind the former president.
The Democratic National Convention is set to be held in August and time could be running out to replace Biden if he steps down or to convince him to step aside ahead of the nomination process.
On Prediction market&nbsp;<a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1721064497148" target="_blank" rel="noreferrer noopener">Polymarket</a>, Trump is the heavy betting favorite to win the 2024 election with odds of 66%. Trailing Trump are Harris at 18% and Biden at 8%.
For the Democratic&nbsp;<a href="https://polymarket.com/event/democratic-nominee-2024?tid=1721064505046" target="_blank" rel="noreferrer noopener">nomination</a>, Harris is the favorite at 50%, with Biden second at 28%. Just a few days ago, Biden was the favorite at 70% with Harris second at 18%.
Polymarket also has <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39846584/president-bidens-odds-of-exiting-the-race-surge-to-80-heres-whos-favored-now">several prediction markets</a> related to the potential of Biden resigning or dropping out of the 2024 election listed below with the odds of yes.
<ul>
<li>Drop out of the 2024 election: 72% yes</li>
<li>Resign by July 31: 4% yes</li>
<li>Drop out of 2024 election by July 31: 60% yes</li>
<li>Finish current presidential term: 73% yes</li>
<li>Drops out of 2024 election before Democratic National Convention: 70% yes</li>
</ul>
Polymarket users can make bets using cryptocurrency like&nbsp;USDC&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDC</a>), Polygon (CRYTO: MATIC) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). Winning wagers pay out $1 for each betting market.
Read Next: • <a href="https://www.benzinga.com/general/politics/24/07/39851267/trump-vs-biden-former-president-posts-largest-2024-election-lead-since-february-does-kamala-harr">Trump Vs. Biden: Former President Posts Largest 2024 Election Lead Since February; Does Kamala Harris Poll Better?</a>
Photo: Shutterstock

Sports Betting

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2024 Election Betting Odds: Joe Biden Has 8% Chance Of Winning According To Sportsbooks, Prediction Markets

UBS analyst Joshua Chan maintains Cintas (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTAS#NASDAQ">CTAS</a>) with a Buy and raises the price target from $790 to $874.

CTAS

UBS Maintains Buy on Cintas, Raises Price Target to $874

UBS analyst Gavin Parsons maintains Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) with a Sell and raises the price target from $84 to $87.

UBS Maintains Sell on Textron, Raises Price Target to $87

UBS analyst Daniel Ford downgrades Edison Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EIX#NYSE">EIX</a>) from Buy to Neutral and lowers the price target from $83 to $82.

UBS Downgrades Edison Intl to Neutral, Lowers Price Target to $82

JPMorgan Says "Vast Majority Of Our ATMs Are Operating Normally And We Are Working To Restore Service To The Remaining ATMs As Quickly As Possible."

UBS analyst John Lovallo maintains D.R. Horton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) with a Buy and raises the price target from $200 to $217.

UBS Maintains Buy on D.R. Horton, Raises Price Target to $217

In a week packed with global breaking events, both the S&amp;P 500 and the Nasdaq 100 indices marked their worst weekly performance in three months, predominantly driven by a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39845700/semiconductor-stocks-historically-outperform-following-5-selloff-in-a-day-bank-of-a">broad-based selloff in chipmakers.</a>
A a drop in major equity averages at the end of the week might have escalated significantly if last weekend&#8217;s events in Butler, Pennsylvania, had not ended as they did. During a Donald Trump rally, a sniper attempted to assassinate the Republican candidate, narrowly grazing his ear but missing a potentially fatal target.
According to prediction markets, the betting-implied odds of a Trump victory spiked to 75% before dropping to 65% on Friday as Kamala Harris <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39858234/president-bidens-nomination-odds-plummet-vice-president-kamala-harris-now-60-favorite-but-">gained traction over Biden.</a>
A black Wednesday <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39821315/ai-earthquake-semiconductors-suffer-worst-selloff-in-years-on-stricter-us-chip-expo">hit the semiconductor sector</a> after reports the the U.S. administration is considering accelerating export restrictions if companies continue to ship advanced chips to China. This move mainly targets the Dutch chipmaker ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) and the Japanese Tokyo Electron.
On Friday, a global tech outage triggered by a CrowdStrike Holdings Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) software update affecting Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) systems sparked worldwide disruptions among airports, banks, stations, ports, media companies and <a href="https://www.benzinga.com/news/24/07/39861744/microsoft-outage-what-states-services-companies-saw-the-blue-screen-of-death">service-related businesses.</a>
You might have missed…
Powell Lays Groundwork
Fed Chair Jerome Powell affirmed that recent inflation reports have boosted confidence toward the 2% target, a key condition <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39779256/powell-praises-latest-inflation-progress-hints-at-imminent-rate-cuts-warns-hes-ve">for lowering interest rates.</a> Investors increased their wagers on a September rate cut move, with CME Group's FedWatch tool showing 100% odds for a cut that month after retail sales data <a href="https://www.benzinga.com/markets/bonds/24/07/39792320/june-retail-sales-stagnate-traders-fully-price-in-september-interest-rate-cut">showed stagnation in June.</a>
Unemployment Claims Rise
Unemployment claims rose more than expected last week, with new claims reaching 243,000 and continuing claims hitting 1.867 million, the highest since November 2021. This increase reinforces hopes for Federal Reserve rate cuts as signs of a <a href="https://www.benzinga.com/personal-finance/24/07/39850277/unemployment-claims-rise-more-than-expected-boosting-hopes-for-rate-cuts-as-cracks-in-labor-mark">cooling labor market emerge.</a>
Mortgage Rates Drop
Anticipation of Federal Reserve rate cuts has lowered 30-year fixed mortgage rates to 6.87%, the lowest in four months. The improvement in borrowing conditions led to a 3.9% rise in mortgage applications and a 15% increase in refinancing demand last week, with latter soaring to the highest levels in nearly three years. Experts predict a Trump reelection could spark a significant refinance boom <a href="https://www.benzinga.com/real-estate/24/07/39776697/trump-victory-could-ignite-massive-refinance-boom-and-record-home-sales-experts-say">and record home sales.</a>
Now read: 
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39862630/goldman-sachs-turns-bearish-on-chipmakers-advises-to-hedge-through-put-options-chin">Goldman Sachs Turns Bearish On Chipmakers, Advises To Hedge Through Put Options: China Remains &#8216;A Major Risk For The Sector&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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Markets Tremble Over Planned China Chip Restrictions, Trump's Election Odds Rise, CrowdStrike Triggers Global Tech Outage: This Week In The Market

Newbury Street (NBST) has released an update. Newbury Street Acquisition Corporation is moving forward with its business combination with Infinite ...

Newbury Street and Infinite Reality's Strategic Merger Advances

Newbury Street (NBST) has released an update. Newbury Street Acquisition Corporation is set to merge with Infinite Reality, Inc., aiming to revolut...

Newbury Street and Infinite Reality Announce Merger Plans

Newbury Street (NBST) has issued an update. Newbury Street Acquisition Corporation has announced a merger with Infinite Reality, Inc., revealing pl...

Newbury Street Merges with Infinite Reality, Eyes Drone Racing

Newbury Street Acquisition gets non-compliance notice from Nasdaq

Newbury Street (NBST) just unveiled an announcement. Newbury Street Acquisition Corporation has successfully entered into a merger agreement involv...

Newbury Street's Subsidiaries Merge with Infinite Reality

Newbury Street (NBST) has issued an announcement. Newbury Street Acquisition Corporation announced a significant boost to Infinite Reality Inc.'s p...

Newbury Street Boosts Infinite Reality with Strategic Moves

Infinite Reality buys Landvault in $450M deal and closes $350M investment

NBST

Press Releases

Infinite Reality, Global Leader Powering AI-Virtual Immersive Experiences Announces Strategic Partnership with Greenidge Generation Holdings (Nasdaq: GREE)

Infinite Reality, the Global Leader in Immersive Experiences, Acquires Spatial Web Pioneer Ethereal Engine

General

Infinite Reality and Vodafone to Unveil Revolutionary Automotive Onboarding Service Featuring Generative AI and VR at Mobile World Congress Barcelona 2024

Infinite Reality Acquires the Drone Racing League for $250 Million, Solidifying Position as Global Leader in Immersive Technology & Experiences

Financing

Infinite Reality's SPAC Partner Engages BTIG as Capital Markets Advisor; Continues to Drive Robust Expansion and Strengthened Market Position

Newbury Street Acquisition Corporation Announces Receipt of Nasdaq Letter

Infinite Reality's SPAC Partner, Newbury Street Acquisition Corp., Announces Nasdaq Extension for Proposed Business Combination

Infinite Reality Closes $350 Million Investment; Acquires Landvault in $450 Million Deal, Valuation Soars to $5.1 Billion

GREE

Newbury Street Acq

Newbury Street Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBST#NASDAQ">NBST</a>, the ", Company", ))))) announced today that it received a letter dated April 24, 2024, from the Listing Qualifications Department The Nasdaq Stock Market LLC, indicating that the Company was not in compliance with Nasdaq listing rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The required filing in question is the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the "Form 10-K").The delay in filing the Form 10-K is related to the Company requiring additional time to finalize the financial statements for the fiscal year ended December 31, 2023, as referenced in the recent filing of Form 12b-25. The Company expects to file the Form 10-K in the near future.

Newbury Street Acquisition Corporation Announces Receipt Of Nasdaq Letter, Indicating That The Company Was Not In Compliance With Nasdaq Listing Rule 5250(c)(1)

Now, with the addition of DRL, and following its proposed go-public transaction with Newbury Street Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBST#NASDAQ">NBST</a>), iR is better positioned to continue to expand its reach and trailblaze the multi-billion-dollar immersive technology, digital media and entertainment industries.

Infinite Reality Acquires The Drone Racing League For $250M

Infinite Reality plans to go public in early 2024 via Newbury Street Acquisition Corporation (NASDAQ:<a href="https://www.benzinga.com/stock/NBST#NASDAQ">NBST</a>)<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ftheinfinitereality.com%2F&amp;esheet=53871022&amp;newsitemid=20231214376409&amp;lan=en-US&amp;anchor=Infinite+Reality%2C+Inc.&amp;index=1&amp;md5=bf4cb873478fa4c34502a9d8480447a6">Infinite Reality, Inc.</a> ("iR" or the "Company"), the global leader in powering AI-virtual immersive experiences for clients such as Warner Bros. Discovery, Inc., Vodafone Group plc and Universal Music Group N.V., today announced a partnership and equity swap with Greenidge Generation Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) ("Greenidge"), a vertically-integrated cryptocurrency data center and power generation company that will launch a new service-offering known as GreenidgeAI."We are excited to go public with the NBST acquisition in 2024 as we continue growing our capabilities to power cinematic-quality immersive experiences for our clients. The NBST team have been great partners supporting our mission to be the leader in the AI revolution. Moreover, the Greenidge team will provide iR and its clients with customized state-of-the-art data center solutions designed specifically for AI and powering immersive experiences," said John Acunto, CEO of iR.Partnership DetailsPursuant to the partnership between iR and Greenidge:<ul><li>Greenidge will provide infrastructure and graphics-processing unit ("GPU") needs for iR clients, while iR will receive a profit share on Greenidge data centers and preferred pricing for its own internal data center needs.</li><li>iR and Greenidge will evaluate developing a new data center.</li><li>iR has the ability to leverage Greenidge's access to additional sources of low-cost power as needed.</li><li>iR's brands are empowered and enabled to take control of their data and improve performance, while reducing iR's costs and improving profit margins.</li><li>By owning its own data centers and locking in long-term energy contracts, iR will save at least $0.70 on every dollar it would spend with third-party providers while increasing control over product delivery.</li></ul>Equity Swap Agreement<ul><li>Provides for iR obtaining shares of Greenidge valued at $8.33 per share in exchange for an equivalent amount of iR stock reflecting a $2.5 billion valuation.</li><li>Grants iR a one-year warrant to purchase shares of Greenidge stock at $7.00 per share, the proceeds of which will be used by Greenidge in connection with the development of a new datacenter.</li><li>Grants Greenidge a one-year warrant to purchase an equivalent value of iR shares as provided in the iR warrant, reflecting a $2.5 billion valuation of iR, the proceeds of which will be used for general working capital purposes.</li></ul>GreenidgeAI will be iR's exclusive provider in the United States and Canada of specialized infrastructure, including data centers utilizing GPUs to support generative Artificial Intelligence ("AI") workstreams, including immersive experiences and other applications requiring high performance computing. Additionally, iR and Greenidge will explore jointly designing and building a new data center to enhance iR's offerings, spearhead its growth and provide clients with lower-cost GPU access. This effort will be powered by Greenidge's access to low-cost power and leading engineers with experience designing and building data centers.As a result of this partnership, iR will be better able to serve its clients in a fast-growing industry and continue to accelerate audience engagement through cinematic-quality virtual environments, while being the only player in the space to provide brands with direct access to their audiences and customer data."These customized solutions are necessary as more and more companies begin to realize that AI is transforming everything, but AI is nothing without data. iR's entire platform allows brands and creators to own their own data, own their own experiences and own their customer interactions. The partnership will expedite our growth and provide us with greater ability to innovate for our clients and serve them the best experiences for their targeted audiences, while removing big tech's stranglehold on the cost of data. Outside of the current framework, we look forward to working with the Greenidge team on entrepreneurial ventures that will position both companies exceptionally well for a long-lasting relationship in other profitable business lines," added Acunto.

Infinite Reality, Global Leader Powering AI-Virtual Immersive Experiences Announces Strategic Partnership With Greenidge Generation Holdings; Infinite Reality Plans To Go Public In Early 2024 Via Newbury Street Acquisition Corporation

<ul>
	<li>The transaction is expected to provide up to $128 million in proceeds</li>
	<li>The transaction values the combined company at an equity value of approximately $1.85 billion, including approximately $1.7 billion attributable to Infinite Reality</li>
	<li>Infinite Reality is working with some of the world&#39;s biggest brands, including Warner Bros. Discovery Sports, to foster immersive virtual experiences and new monetization opportunities in Web3-enabled showrooms and events</li>
	<li>The company has seen rapid expansion in the past year with new product launches and acquisitions</li>
</ul>

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