Latest news for Netcapital (NASDAQ:NCPLW) Stock

Netcapital Inc is a financial technology company. The company facilitates the growth of private companies by providing fundraising services and other consulting services. The company's online private investment platform connects entrepreneurs and investors, enabling companies to raise capital digitally.

Netcapital Inc

BRF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/brfs#NYSE">BRFS</a>) has recently been on Zacks.com&#39;s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock&#39;s performance in the near future.
Shares of this chicken, beef and pork producer have returned -8% over the past month versus the Zacks S&amp;P 500 composite&#39;s -1.2% change. The Zacks Food - Miscellaneous industry, to which BRF belongs, has lost 1.6% over this period. Now the key question is: Where could the stock be headed in the near term?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company&#39;s future earnings over anything else. That&#39;s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, BRF is expected to post earnings of $0.07 per share, indicating a change of +170% from the year-ago quarter. The Zacks Consensus Estimate has changed +40% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $0.33 points to a change of +210% from the prior year. Over the last 30 days, this estimate has changed +8.3%.
For the next fiscal year, the consensus earnings estimate of $0.27 indicates a change of -16.7% from what BRF is expected to report a year ago. Over the past month, the estimate has changed +17.4%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for BRF.
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
12 Month EPS
<img alt="12-month consensus EPS estimate for BRFS _12MonthEPSChartUrl" class="chart" src="https://chart-service.zacks.com/images/weekly/yesop_12_month_eps/BRFS.png" style="height:auto; width:100%" title="" />
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company&#39;s financial health, nothing happens as such if a business isn&#39;t able to grow its revenues. After all, it&#39;s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it&#39;s important to know a company&#39;s potential revenue growth.
In the case of BRF, the consensus sales estimate of $2.55 billion for the current quarter points to a year-over-year change of -2.6%. The $10.4 billion and $11.05 billion estimates for the current and next fiscal years indicate changes of +7.5% and +6.2%, respectively.
Last Reported Results and Surprise History
BRF reported revenues of $2.7 billion in the last reported quarter, representing a year-over-year change of +6.5%. EPS of $0.06 for the same period compares with -$0.18 a year ago.
Compared to the Zacks Consensus Estimate of $2.59 billion, the reported revenues represent a surprise of +4.21%. The EPS surprise was +50%.
Over the last four quarters, BRF surpassed consensus EPS estimates two times. The company topped consensus revenue estimates just once over this period.
Valuation
No investment decision can be efficient without considering a stock&#39;s valuation. Whether a stock&#39;s current price rightly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
BRF is graded A on this front, indicating that it is trading at a discount to its peers.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about BRF. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2309806/brf-s-a-brfs-is-attracting-investor-attention-here-is-what-you-should-know?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2309806">To read this article on Zacks.com click here.</a>

Earnings

News

Penny Stocks

Markets

Analyst Ratings

Trading Ideas

BRFS

BRF S.A. is Attracting Investor Attention: Here is What You Should Know

Shares of footwear companies are trading slightly higher Friday after peers Skechers U.S.A, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) and Deckers Outdoor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) reported second-quarter results after <a href="https://www.benzinga.com/news/earnings/24/07/39972642/skechers-reports-q2-results-heres-the-details">Thursday's closing bell.</a> 
The Details:
Skechers reported record <a href="https://www.benzinga.com/news/earnings/24/07/39972642/skechers-reports-q2-results-heres-the-details">second-quarter sales</a> of $2.16 billion resulting from increases in both its direct-to-consumer and wholesale segments. The company also raised its sales and earnings guidance to above Street estimates.&nbsp;
Deckers, parent company of the UGG and HOKA brands, reported <a href="https://www.benzinga.com/news/earnings/24/07/39972186/deckers-outdoor-q1-earnings-revenue-eps-beat-on-strength-in-hoka-ugg-brands">better-than-expected results </a>on the top and bottom line with total revenue increasing 22% year-over-year and earnings up 87%.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/earnings/24/07/39971462/dexcom-stock-drops-after-mixed-q2-results-weak-forward-guidance">DexCom Stock Drops After Mixed Q2 Results, Weak Forward Guidance</a>
On Holding AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) shares are climbing with other footwear stocks including Birkenstock Holding Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIRK#NYSE">BIRK</a>) and Crocs, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CROX#NASDAQ">CROX</a>) Friday as investors digest strong growth and forward guidance from Deckers and Skechers.&nbsp;
Crocs is the next to report earnings on Aug. 1 before the opening bell, followed by On Holding reporting in mid-August, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>. 
SKX, DECK, ONON, BIRK, CROX Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Skechers shares are up 2.78% at $65.48 , Deckers shares are up 7.99% at $908.75, On Holdings shares are up 4.78% at $40.03, Birkenstock shares are up 2.11% at $56.69 and Crocs shares are up 4% at $130.14 at the time of publication Friday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39965832/whats-going-on-with-super-micro-computer-stock">What&#8217;s Going On With Super Micro Computer Stock?</a></li>
</ul>
Image: Shutterstock

Movers

BIRK

CROX

DECK

ONON

What's Going On With Footwear Stocks Today?

Stephens &amp; Co. analyst Terry McEvoy maintains First Merchants (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRME#NASDAQ">FRME</a>) with a Overweight and raises the price target from $40 to $45.

Price Target

FRME

Stephens & Co. Maintains Overweight on First Merchants, Raises Price Target to $45

Stephens &amp; Co. analyst Andrew Terrell maintains First Foundation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFWM#NYSE">FFWM</a>) with a Equal-Weight and raises the price target from $6 to $7.

FFWM

Stephens & Co. Maintains Equal-Weight on First Foundation, Raises Price Target to $7

Northland Capital Markets analyst Mike Grondahl maintains LendingTree (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TREE#NASDAQ">TREE</a>) with a Market Perform and raises the price target from $50 to $60.

TREE

Northland Capital Markets Maintains Market Perform on LendingTree, Raises Price Target to $60

Stephens &amp; Co. analyst Andrew Terrell maintains Five Star (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSBC#NASDAQ">FSBC</a>) with a Overweight and raises the price target from $29 to $32.

FSBC

Stephens & Co. Maintains Overweight on Five Star, Raises Price Target to $32

Roku (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/roku#NASDAQ">ROKU</a>) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Over the past month, shares of this video streaming company have returned -2.9%, compared to the Zacks S&amp;P 500 composite&#39;s -1.2% change. During this period, the Zacks Broadcast Radio and Television industry, which Roku falls in, has lost 1.3%. The key question now is: What could be the stock&#39;s future direction?
While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Here at Zacks, we prioritize appraising the change in the projection of a company&#39;s future earnings over anything else. That&#39;s because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock&#39;s fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Roku is expected to post a loss of $0.45 per share, indicating a change of +40.8% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of -$1.94 points to a change of +61.3% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of -$1.48 indicates a change of +23.8% from what Roku is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock&#39;s price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Roku is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:
12 Month EPS
<img alt="12-month consensus EPS estimate for ROKU _12MonthEPSChartUrl" class="chart" src="https://chart-service.zacks.com/images/weekly/yesop_12_month_eps/ROKU.png" style="height:auto; width:100%" title="" />
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company&#39;s financial health, nothing happens as such if a business isn&#39;t able to grow its revenues. After all, it&#39;s nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it&#39;s important to know a company&#39;s potential revenue growth.
For Roku, the consensus sales estimate for the current quarter of $935.29 million indicates a year-over-year change of +10.4%. For the current and next fiscal years, $3.92 billion and $4.39 billion estimates indicate +12.5% and +12.1% changes, respectively.
Last Reported Results and Surprise History
Roku reported revenues of $881.47 million in the last reported quarter, representing a year-over-year change of +19%. EPS of -$0.35 for the same period compares with -$1.38 a year ago.
Compared to the Zacks Consensus Estimate of $850.97 million, the reported revenues represent a surprise of +3.58%. The EPS surprise was +45.31%.
Over the last four quarters, Roku surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock&#39;s valuation, no investment decision can be efficient. In predicting a stock&#39;s future price performance, it&#39;s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects.
While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.
The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Roku is graded F on this front, indicating that it is trading at a premium to its peers.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about Roku. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
<a href="https://www.zacks.com/stock/news/2309816/investors-heavily-search-roku-inc-roku-here-is-what-you-need-to-know?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks_v1-2309816">To read this article on Zacks.com click here.</a>

Tech

ROKU

Investors Heavily Search Roku, Inc.: Here is What You Need to Know

Stephens &amp; Co. analyst John Campbell maintains Stewart Information Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STC#NYSE">STC</a>) with a Overweight and raises the price target from $79 to $81.

Stephens & Co. Maintains Overweight on Stewart Information Servs, Raises Price Target to $81

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>SMMT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$10.00</td>
<td>$382.5K</td>
<td>31</td>
<td>5.0K</td>
</tr>
<tr>
<td>PFE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$40.00</td>
<td>$42.1K</td>
<td>50.0K</td>
<td>3.9K</td>
</tr>
<tr>
<td>GILD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$75.00</td>
<td>$44.5K</td>
<td>2.7K</td>
<td>1.2K</td>
</tr>
<tr>
<td>TECH</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$85.00</td>
<td>$190.0K</td>
<td>157</td>
<td>1.0K</td>
</tr>
<tr>
<td>SYK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$310.00</td>
<td>$38.5K</td>
<td>129</td>
<td>950</td>
</tr>
<tr>
<td>CVS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$62.50</td>
<td>$26.7K</td>
<td>1.3K</td>
<td>926</td>
</tr>
<tr>
<td>JNJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/30/24</td>
<td>$160.00</td>
<td>$99.0K</td>
<td>677</td>
<td>760</td>
</tr>
<tr>
<td>BMY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$40.00</td>
<td>$25.8K</td>
<td>4.3K</td>
<td>688</td>
</tr>
<tr>
<td>PRCT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$55.00</td>
<td>$42.3K</td>
<td>89</td>
<td>205</td>
</tr>
<tr>
<td>UNH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$660.00</td>
<td>$234.6K</td>
<td>519</td>
<td>203</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding SMMT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMMT#NASDAQ">SMMT</a>), we observe a put option trade with bearish sentiment. It expires in 56 day(s) on September 20, 2024. Parties traded 1700 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $382.5K, with a price of $225.0 per contract. There were 31 open contracts at this strike prior to today, and today 5035 contract(s) were bought and sold. 
• Regarding PFE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>), we observe a call option sweep with bullish sentiment. It expires in 175 day(s) on January 17, 2025. Parties traded 1500 contract(s) at a $40.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $42.1K, with a price of $28.0 per contract. There were 50053 open contracts at this strike prior to today, and today 3954 contract(s) were bought and sold. 
• For GILD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), we notice a call option trade that happens to be bearish, expiring in 56 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $75.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $445.0 per contract. There were 2754 open contracts at this strike prior to today, and today 1237 contract(s) were bought and sold. 
• For TECH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TECH#NASDAQ">TECH</a>), we notice a call option trade that happens to be bullish, expiring in 21 day(s) on August 16, 2024. This event was a transfer of 1000 contract(s) at a $85.00 strike. The total cost received by the writing party (or parties) was $190.0K, with a price of $190.0 per contract. There were 157 open contracts at this strike prior to today, and today 1051 contract(s) were bought and sold. 
• For SYK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>), we notice a put option sweep that happens to be bullish, expiring in 21 day(s) on August 16, 2024. This event was a transfer of 107 contract(s) at a $310.00 strike. This particular put needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $38.5K, with a price of $360.0 per contract. There were 129 open contracts at this strike prior to today, and today 950 contract(s) were bought and sold. 
• For CVS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>), we notice a call option sweep that happens to be neutral, expiring in 56 day(s) on September 20, 2024. This event was a transfer of 100 contract(s) at a $62.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $266.0 per contract. There were 1373 open contracts at this strike prior to today, and today 926 contract(s) were bought and sold. 
• For JNJ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>), we notice a call option sweep that happens to be neutral, expiring in 35 day(s) on August 30, 2024. This event was a transfer of 233 contract(s) at a $160.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $99.0K, with a price of $425.0 per contract. There were 677 open contracts at this strike prior to today, and today 760 contract(s) were bought and sold. 
• Regarding BMY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>), we observe a call option trade with bullish sentiment. It expires in 539 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $40.00 strike. The total cost received by the writing party (or parties) was $25.8K, with a price of $1290.0 per contract. There were 4375 open contracts at this strike prior to today, and today 688 contract(s) were bought and sold. 
• Regarding PRCT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRCT#NASDAQ">PRCT</a>), we observe a put option sweep with bullish sentiment. It expires in 84 day(s) on October 18, 2024. Parties traded 55 contract(s) at a $55.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $42.3K, with a price of $770.0 per contract. There were 89 open contracts at this strike prior to today, and today 205 contract(s) were bought and sold. 
• Regarding UNH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNH#NYSE">UNH</a>), we observe a call option sweep with bullish sentiment. It expires in 175 day(s) on January 17, 2025. Parties traded 190 contract(s) at a $660.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $234.6K, with a price of $1235.0 per contract. There were 519 open contracts at this strike prior to today, and today 203 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

GILD

PRCT

SMMT

TECH

10 Health Care Stocks Whale Activity In Today's Session

EssilorLuxottica (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ESLOY#OTC">ESLOY</a>) stock rose after the eyewear giant revealed interest from Alphabet Inc&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google and other major technology companies in exploring partnerships following its collaboration with Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) to <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39852461/metas-potential-5-acquisition-in-ray-ban-maker-applauded-by-jim-cramer-wearable-tech-revolution-" rel="noreferrer noopener">develop Ray-Ban smart glasses</a>.
EssilorLuxottica CEO Francesco Milleri highlighted the company&#8217;s awareness of Meta&#8217;s intention to take a stake in the company. However, any share purchases by Meta would need to be conducted on the open market.
This statement followed a report by The Wall Street Journal indicating that Meta was discussing acquiring about 5% of EssilorLuxottica.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/03/38001115/meta-ray-ban-smart-glasses-ready-to-get-ai-upgrade-expect-these-new-features-soon" rel="noreferrer noopener">Meta Ray-Ban Smart Glasses Ready To Get AI Upgrade: Expect These New Features Soon</a>.
Citing the CEO, the Wall Street Journal <a target="_blank" href="https://www.wsj.com/tech/essilorluxottica-shares-climb-after-eyewear-giant-draws-big-tech-interest-1c611c8b?mod=tech_lead_story" rel="noreferrer noopener">report</a> emphasized that while the company welcomes any investor, it has no plans for a capital increase specifically for Meta.
The CEO assured that the existing partnership with Meta is robust and does not require a stake acquisition to strengthen it.
In addition to Meta, EssilorLuxottica has attracted interest from Google and other significant tech companies for potential collaborations.
This interest was reinforced by a report from The Verge, which cited unnamed sources suggesting that Google had approached EssilorLuxottica to integrate its Gemini artificial intelligence assistant into future smart glasses.
In June, Meta Platforms said it is &#8220;almost ready&#8221; to introduce a&nbsp;new augmented reality prototype.&nbsp;Mark Zuckerberg hinted that the prototype <a target="_blank" href="https://www.benzinga.com/news/24/06/39562120/mark-zuckerberg-says-meta-set-to-unveil-full-holographic-glasses-every-person-who-ive-shown-it-to-so" rel="noreferrer noopener">had left early testers</a> &#8220;giddy.&#8221;
Price Action: ESLOY stock is up 4.10% to $112.06 at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/06/39562427/metas-ray-ban-smart-glasses-face-new-rival-powered-by-openais-chatgpt" target="_blank" rel="noreferrer noopener">Meta&#8217;s Ray-Ban Smart Glasses Face New Rival Powered By OpenAI&#8217;s ChatGPT</a>.</li>
</ul>
Image Credits &#8211; Shutterstock

Large Cap

Contracts

General

ESLOY

GOOG

GOOGL

Tech Giants Potentially Seek Partnership With Ray Ban Maker After Smart Glasses Collaboration

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/26/24</td>
<td>$217.50</td>
<td>$113.4K</td>
<td>0</td>
<td>72.3K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$100.00</td>
<td>$43.0K</td>
<td>8.3K</td>
<td>3.4K</td>
</tr>
<tr>
<td>NKE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$80.00</td>
<td>$76.5K</td>
<td>40.8K</td>
<td>2.6K</td>
</tr>
<tr>
<td>MCD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$245.00</td>
<td>$47.9K</td>
<td>3.0K</td>
<td>1.7K</td>
</tr>
<tr>
<td>BALY</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$15.00</td>
<td>$161.4K</td>
<td>3.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>CVNA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$150.00</td>
<td>$30.2K</td>
<td>6.4K</td>
<td>771</td>
</tr>
<tr>
<td>PHM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$135.00</td>
<td>$49.3K</td>
<td>2</td>
<td>597</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/23/24</td>
<td>$143.00</td>
<td>$37.9K</td>
<td>0</td>
<td>500</td>
</tr>
<tr>
<td>DECK</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$940.00</td>
<td>$50.7K</td>
<td>37</td>
<td>207</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$190.00</td>
<td>$78.7K</td>
<td>864</td>
<td>191</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bearish, is expiring today. Parties traded 300 contract(s) at a $217.50 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $113.4K, with a price of $380.0 per contract. There were 0 open contracts at this strike prior to today, and today 72384 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option trade that happens to be bearish, expiring in 175 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $100.00 strike. The total cost received by the writing party (or parties) was $43.0K, with a price of $172.0 per contract. There were 8306 open contracts at this strike prior to today, and today 3497 contract(s) were bought and sold. 
• Regarding NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we observe a call option sweep with bearish sentiment. It expires in 56 day(s) on September 20, 2024. Parties traded 933 contract(s) at a $80.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $76.5K, with a price of $82.0 per contract. There were 40822 open contracts at this strike prior to today, and today 2652 contract(s) were bought and sold. 
• For MCD (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), we notice a put option sweep that happens to be bearish, expiring in 7 day(s) on August 2, 2024. This event was a transfer of 200 contract(s) at a $245.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $47.9K, with a price of $239.0 per contract. There were 3006 open contracts at this strike prior to today, and today 1747 contract(s) were bought and sold. 
• For BALY (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BALY#NYSE">BALY</a>), we notice a call option trade that happens to be bearish, expiring in 21 day(s) on August 16, 2024. This event was a transfer of 828 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $161.4K, with a price of $195.0 per contract. There were 3235 open contracts at this strike prior to today, and today 1008 contract(s) were bought and sold. 
• Regarding CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we observe a call option trade with bullish sentiment. It expires in 21 day(s) on August 16, 2024. Parties traded 35 contract(s) at a $150.00 strike. The total cost received by the writing party (or parties) was $30.2K, with a price of $865.0 per contract. There were 6415 open contracts at this strike prior to today, and today 771 contract(s) were bought and sold. 
• For PHM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>), we notice a put option trade that happens to be bullish, expiring in 84 day(s) on October 18, 2024. This event was a transfer of 50 contract(s) at a $135.00 strike. The total cost received by the writing party (or parties) was $49.3K, with a price of $987.0 per contract. There were 2 open contracts at this strike prior to today, and today 597 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a put option sweep with bullish sentiment. It expires in 28 day(s) on August 23, 2024. Parties traded 29 contract(s) at a $143.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $37.9K, with a price of $1305.0 per contract. There were 0 open contracts at this strike prior to today, and today 500 contract(s) were bought and sold. 
• Regarding DECK (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), we observe a call option trade with bearish sentiment. It expires in 21 day(s) on August 16, 2024. Parties traded 35 contract(s) at a $940.00 strike. The total cost received by the writing party (or parties) was $50.7K, with a price of $1450.0 per contract. There were 37 open contracts at this strike prior to today, and today 207 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a put option trade with bearish sentiment. It expires in 875 day(s) on December 18, 2026. Parties traded 25 contract(s) at a $190.00 strike. The total cost received by the writing party (or parties) was $78.7K, with a price of $3150.0 per contract. There were 864 open contracts at this strike prior to today, and today 191 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AMZN

BABA

BALY

CVNA

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

10 Consumer Discretionary Stocks Whale Activity In Today's Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/02/24</td>
<td>$115.00</td>
<td>$36.1K</td>
<td>16.7K</td>
<td>44.6K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$175.00</td>
<td>$49.4K</td>
<td>26</td>
<td>2.3K</td>
</tr>
<tr>
<td>IREN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$11.00</td>
<td>$38.7K</td>
<td>1.7K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$22.50</td>
<td>$25.3K</td>
<td>3.2K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$100.00</td>
<td>$282.6K</td>
<td>5.9K</td>
<td>479</td>
</tr>
<tr>
<td>PATH</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$16.00</td>
<td>$37.9K</td>
<td>4.7K</td>
<td>438</td>
</tr>
<tr>
<td>CRWD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>07/26/24</td>
<td>$280.00</td>
<td>$75.4K</td>
<td>1.3K</td>
<td>438</td>
</tr>
<tr>
<td>ANET</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/02/24</td>
<td>$270.00</td>
<td>$29.6K</td>
<td>74</td>
<td>395</td>
</tr>
<tr>
<td>ADBE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>08/16/24</td>
<td>$550.00</td>
<td>$31.0K</td>
<td>870</td>
<td>244</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$680.00</td>
<td>$3.3 million</td>
<td>487</td>
<td>200</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 7 day(s) on August 2, 2024. Parties traded 122 contract(s) at a $115.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $296.0 per contract. There were 16712 open contracts at this strike prior to today, and today 44632 contract(s) were bought and sold. 
• For SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we notice a call option sweep that happens to be bullish, expiring in 210 day(s) on February 21, 2025. This event was a transfer of 65 contract(s) at a $175.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $49.4K, with a price of $760.0 per contract. There were 26 open contracts at this strike prior to today, and today 2381 contract(s) were bought and sold. 
• For IREN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), we notice a put option trade that happens to be bearish, expiring in 7 day(s) on August 2, 2024. This event was a transfer of 250 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $38.7K, with a price of $155.0 per contract. There were 1760 open contracts at this strike prior to today, and today 1431 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a put option sweep that happens to be bearish, expiring in 14 day(s) on August 9, 2024. This event was a transfer of 104 contract(s) at a $22.50 strike. This particular put needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $244.0 per contract. There were 3271 open contracts at this strike prior to today, and today 1407 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a put option sweep with bullish sentiment. It expires in 329 day(s) on June 20, 2025. Parties traded 249 contract(s) at a $100.00 strike. This particular put needed to be split into 22 different trades to become filled. The total cost received by the writing party (or parties) was $282.6K, with a price of $1135.0 per contract. There were 5937 open contracts at this strike prior to today, and today 479 contract(s) were bought and sold. 
• For PATH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PATH#NYSE">PATH</a>), we notice a call option sweep that happens to be bearish, expiring in 175 day(s) on January 17, 2025. This event was a transfer of 376 contract(s) at a $16.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $37.9K, with a price of $101.0 per contract. There were 4732 open contracts at this strike prior to today, and today 438 contract(s) were bought and sold. 
• For CRWD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>), we notice a put option sweep that happens to be neutral, is expiring today. Parties traded 33 contract(s) at a $280.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $75.4K, with a price of $2287.0 per contract. There were 1305 open contracts at this strike prior to today, and today 438 contract(s) were bought and sold. 
• Regarding ANET (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANET#NYSE">ANET</a>), we observe a put option sweep with bearish sentiment. It expires in 7 day(s) on August 2, 2024. Parties traded 300 contract(s) at a $270.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.6K, with a price of $98.0 per contract. There were 74 open contracts at this strike prior to today, and today 395 contract(s) were bought and sold. 
• For ADBE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on August 16, 2024. This event was a transfer of 28 contract(s) at a $550.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $1110.0 per contract. There were 870 open contracts at this strike prior to today, and today 244 contract(s) were bought and sold. 
• For NOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), we notice a call option trade that happens to be bullish, expiring in 56 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $680.00 strike. The total cost received by the writing party (or parties) was $3.3 million, with a price of $16600.0 per contract. There were 487 open contracts at this strike prior to today, and today 200 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADBE

ANET

CRWD

IREN

MARA

NVDA

PATH

SNOW

10 Information Technology Stocks Whale Activity In Today's Session

Northland Capital Markets analyst Gus Richard maintains Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) with a Market Perform and lowers the price target from $136 to $126.

Northland Capital Markets Maintains Market Perform on Teradyne, Lowers Price Target to $126

Tractor Supply Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSCO#NASDAQ">TSCO</a>) reported downbeat sales for the <a href="https://www.benzinga.com/news/earnings/24/07/39956426/tractor-supplys-q2-sales-miss-tightens-outlook-ceo-lawton-highlights-creating-more-separation-betwe">second quarter on Thursday</a>.
The company reported quarterly earnings per share of $3.93, in line with the street view. Second-quarter sales totaled $4.25 billion (+1.5%), which missed the analyst consensus of $4.284 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Comparable store sales decreased 0.5%, as compared to an increase of 2.5% in the prior year's second quarter, driven by a comparable average transaction count decline of 0.6%.
"At the halfway point of the year, we have made significant progress on our Life Out Here strategy. We continue to create more separation between us and our competition," said Hal Lawton, President and Chief Executive Officer of Tractor Supply.
Tractor Supply tightened its 2024 net sales forecast to $14.8 billion-$15 billion from the prior guidance of $14.7 billion-$15.1 billion and consensus of $14.97 billion. The company sees 2024 EPS of $10.00-$10.40 versus prior guidance of $9.85-$10.50 and consensus of $10.38.
Tractor Supply shares gained 3.6% to trade at $266.82 on Friday.
These analysts made changes to their price targets on Tractor Supply following the announcement.
<ul>
<li>Telsey Advisory Group analyst Joseph Feldman maintained Tractor Supply with an Outperform rating, while cutting the price target from $305 to $300.</li>
<li>Truist Securities analyst Scot Ciccarelli maintained Tractor Supply with a Buy rating and raised the price target from $289 to $293.</li>
<li>Evercore ISI Group analyst Oliver Wintermantel maintained the stock with an Outperform rating, while cutting the price target from $290 to $280.</li>
<li>Benchmark analyst John Lawrence, meanwhile, reiterated Tractor Supply with a Buy and maintained a $280 price target.</li>
<li>Wedbush analyst Seth Basham reiterated the stock with a Neutral rating and maintained a $270 price target.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39984491/nvidia-lockheed-martin-and-2-other-stocks-insiders-are-selling">Nvidia, Lockheed Martin And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

TSCO

These Analysts Revise Their Forecasts On Tractor Supply After Q2 Results

Stephens &amp; Co. analyst Andrew Terrell maintains CVB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVBF#NASDAQ">CVBF</a>) with a Equal-Weight and raises the price target from $19 to $21.

CVBF

Stephens & Co. Maintains Equal-Weight on CVB Financial, Raises Price Target to $21

Cardinal Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) has outperformed the market over the past 5 years by 3.59% on an annualized basis producing an average annual return of 16.28%. Currently, Cardinal Health has a market capitalization of $24.03 billion. 
Buying $1000 In CAH: If an investor had bought $1000 of CAH stock 5 years ago, it would be worth $2,154.01 today based on a price of $98.67 for CAH at the time of writing.
<h3>Cardinal Health's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722015042_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 Cardinal Health 5 Years Ago Would Be Worth This Much Today

Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) has outperformed the market over the past 15 years by 1.36% on an annualized basis producing an average annual return of 13.32%. Currently, Textron has a market capitalization of $17.66 billion. 
Buying $100 In TXT: If an investor had bought $100 of TXT stock 15 years ago, it would be worth $689.17 today based on a price of $92.62 for TXT at the time of writing.
<h3>Textron's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1722015037_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.

Here's How Much $100 Invested In Textron 15 Years Ago Would Be Worth Today

Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39112709/what-celeb-meme-coins-could-mean-for-bitcoins-price">celebrity meme coins</a>, are for the most part down 90% or more, according to a researcher.
What Happened: Anonymous researcher Slorg highlighted 30 celebrity meme coins launched on Solana in June. All coins are down significantly since their launch, with valuations plummeting 94% on average. According to the researcher, most meme coins followed a trajectory of an initial pump and a massive dump afterwards. Only a few of them, are "still earnestly trying to varying degrees of success," he notes.
The best-performing meme coins Daddy Tate (CRYPTO: DADDY), Caitlyn Jenner (CRYPTO: JENNER), Mother Iggy (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MOTHER</a>) are down more than 70%. 
Precisely 50% are down more than 99% only about a month into their lifespan. Based on market capitalization, 22 of the 30 have a valuation under $1 million.
<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">Below is a chart of the 30 celebrity tokens launched on Solana in June. Every single one is down. Place you bets accordingly. <a href="https://t.co/g9QaM0ZP98">pic.twitter.com/g9QaM0ZP98</a>
&mdash; Slorg (@SlorgoftheSlugs) <a href="https://twitter.com/SlorgoftheSlugs/status/1816283536045072785?ref_src=twsrc%5Etfw">July 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Some of the tokens continue to remain active by regular tweets like the Waka Flocka token, down 99.7%, claims to have a valuation of only $400,000. However, the celebrity still tweets about it and has it in his bio.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39967024/solana-up-24-on-the-month-outperforms-bitcoin-ethereum-what-is-going-on">Solana Up 24% On The Month, Outperforms Bitcoin, Ethereum: What Is Going On?</a>
Why It Matters: Slorg noted that the new meta which emerged in June saw celebrities from Andrew Tate to Soulja Boy launching dozens of tokens. He commented, "For a trend that once dominated the timeline, how did it end up playing out?"
Slog also reiterated Vitalik Buterin's comments on the celebrity meme coins, where he expressed his unhappiness about the cycle&#8217;s celebrity experimentation. He termed it as "financialization as a means toward an end." He said that if the end is worthy, he can respect it, but "financialization as final product is not a good sign.&#8221;
What&#8217;s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39780333/solana-up-7-and-could-get-to-50-of-ethereums-valuation-as-most-liquid-election-proxy-in-cr">Solana Up 7% And Could Get To 50% Of Ethereum&#8217;s Valuation As &#8216;Most Liquid Election Proxy In Crypto,&#8217; Trader Says</a></li>
</ul>
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock

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

Cryptocurrency

$MOTHER

$SOL

Solana's Celebrity Meme Coins Down 94% On Average: 'Initial Pump And Then Nothing,' Researcher Notes

Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) reported better-than-expected second-quarter results but issued soft third-quarter guidance after the <a href="https://www.benzinga.com/quote/ter/earnings">closing bell on Wednesday</a>.
Teradyne reported quarterly earnings of 86 cents per share which beat the analyst consensus estimate of 77 cents per share. The company reported quarterly sales of $729.879 million which beat the analyst consensus estimate of $701.204 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Teradyne said it sees third-quarter revenue of $680 million to $740 million versus estimates of $717.66 million. The company projects adjusted earnings of 66 cents to 86 cents per share, versus estimates of 86 cents per share.
&#8220;In the second quarter, AI applications drove accelerated demand from both compute and memory customers, and our robotics business grew sequentially and year-over-year,&#8221; said Teradyne CEO Greg Smith. &#8220;Overall, 2024 is shaping up as we expected, and we believe the deployment of edge AI will strengthen demand in our test and robotics businesses over the mid-term.&#8221;
Teradyne shares gained 1.4% to trade at $126.11 on Friday.
These analysts made changes to their price targets on Imax following the announcement.
<ul>
<li>Susquehanna analyst Mehdi Hosseini maintained Teradyne with a Positive rating and raised the price target from $130 to $145.</li>
<li>Cantor Fitzgerald analyst C J Muse maintained the stock with a Neutral rating, while cutting the price target from $180 to $160.</li>
<li>Craig-Hallum analyst Christian Schwab downgraded the rating for Teradyne from Buy to Hold and maintained the price target of $124.</li>
</ul>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39984491/nvidia-lockheed-martin-and-2-other-stocks-insiders-are-selling">Nvidia, Lockheed Martin And 2 Other Stocks Insiders Are Selling</a></li>
</ul>

These Analysts Revise Their Forecasts On Teradyne Following Q2 Results

Raymond James analyst Srini Pajjuri maintains Apple (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) with a Outperform and raises the price target from $200 to $250.

AAPL

Raymond James Maintains Outperform on Apple, Raises Price Target to $250

Netcapital Inc. (NCPL) Q3 2024 Earnings Call Transcript

NCPL

NCPLW

Press Releases

Netcapital Hosts Reg A+ Offering by Thumzup Media

Netcapital to Present at the H.C. Wainwright Global Investment Conference on September 13, 2023

Netcapital to Report First Quarter Fiscal 2024 Financial Results on September 14th

Netcapital to Present at the ThinkEquity Conference on October 19, 2023

Netcapital to Present at The Singular Research Best of the Uncovereds Conference on December 7, 2023

Netcapital Announces Third Quarter Fiscal 2024 Financial Results

Netcapital Pursues Broker-Dealer License to Increase Potential Revenue Generation

Netcapital Announces Intention to Complete a Reverse Stock Split at Special Stockholder Meeting

Netcapital Announces Exercise of Warrants for $2.2 Million Gross Proceeds

Netcapital Announces Launch of Beta Version for Secondary Trading Platform

TZUP

Affiliated Managers Group, Inc. Common Stock

Affiliated Managers Group

Ameriprise Finl

Ares Capital Corporation - Closed End Fund

Ares Capital

Ares Management Corporation Class A Common Stock

Ares Management

Franklin Resources

The Bank of New York Mellon Corporation Common Stock

Bank of New York Mellon

BlackRock

Brookfield Corporation Class A Limited Voting Shares

Brookfield

Blackstone

Blackstone Secured Lending Fund Common Shares of Beneficial Interest

Blackstone Secured

Carlyle Group

Cohen & Steers

FS KKR Capital

Golub Capital BDC, Inc. - Closed End Fund

Golub Capital BDC

Hamilton Lane Incorporated - Class A Common Stock

Hamilton Lane

Invesco

Janus Henderson Group plc Ordinary Shares

Janus Henderson Group

Main Street Capital Corporation Common Stock

Main Street Capital

Netcapital

Northern Trust Corporation - Common Stock

Northern Trust

Blue Owl Capital Corporation Common Stock

Blue Owl Capital

Blue Owl Capital Inc. Class A Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comments

Netcapital

News

Latest news for Netcapital (NASDAQ:NCPLW) Stock

People Also Watch