Invesco Bloomberg Pricing Power ETF (ARCA: POWA)

Latest news for Invesco Bloomberg Pricing Power ETF (ARCA:POWA)

Industrials

Healthcare

Consumer Defensive

Consumer Cyclical

Technology

Real Estate

Communication Services

Basic Materials

The Fund generally will invest at least 80 percent of its total assets in the securities that comprise the Underlying Index. Bloomberg Index Services Limited (the Index Provider) compiles, maintains and calculates the Underlying Index, which is composed of the securities of U.S. large- and mid-capitalization companies that, in the view of the Index Provider, have historically maintained stable profit margins. The Underlying Index focuses on companies that have the smallest deviations among their annual gross profit margins over the last five years.

Iron Mountain Inc.

Best Buy Company, Inc.

Lockheed Martin Corporation

Vertex Pharmaceuticals Inc

Autodesk, Inc.

Heico Corp Class A

Home Depot Inc

Mckesson Corp.

Lowe's Cos, Inc.

Jb Hunt Transport Services Inc.

Invesco Bloomberg Pricing Power ETF

News

Federal Reserve

Markets

Analyst Ratings

Trading Ideas

ETFs

POWA

QQQM

SPYG

VONG

The Fed opted to maintain its benchmark interest rate within a range of 5.25% to 5.50%, a level it has maintained since July 2023 and has revised its rate cut prediction. While previously predicting three rate cuts for the year, the Fed scaled back its estimate to just one due to sticky inflation.

Buy 5 Growth ETFs as Fed Stays Put, Eyes Rate Cut

<a href="https://news.alaskaair.com/destinations/alaska-airlines-unveils-top-fall-travel-trends-and-unique-destinations/" title="https://news.alaskaair.com/destinations/alaska-airlines-unveils-top-fall-travel-trends-and-unique-destinations/">https://news.alaskaair.com/destinations/alaska-airlines-unveils-top-fall-travel-trends-and-unique-destinations/</a>

Events

Alaska Air Group Says "Thanksgiving Remains The Busiest Travel Period Of The Fall With Flights Projected To Be Nearly Full. We Estimate Nearly 500K Guests Will Fly Between Friday And Sunday With Dec. 1 Expected To Be The Busiest Day Of The Entire Year. Across Our Major West Coast Hubs, We Expect To Fly More Passengers Than Last Year"

<a href="https://www.n-tv.de/politik/Stehen-kurz-vor-Loesung-mit-China-um-Zoelle-abzuschaffen-article25381322.html" title="https://www.n-tv.de/politik/Stehen-kurz-vor-Loesung-mit-China-um-Zoelle-abzuschaffen-article25381322.html">https://www.n-tv.de/politik/Stehen-kurz-vor-Loesung-mit-China-um-Zoelle-abzuschaffen-article25381322.html</a>

Macro Economic Events

Global

Economics

XPEV

Chair Of European Parliament Trade Committee Tells German Broadcaster NTV, "We Are Close To Agreement With China To Abolish Electric Vehicle Import Tariffs"

October was a strong month for the gaming industry, with eight of the top ten best-selling games in the <a href="https://www.benzinga.com/topic/video-games">U.S. being new releases</a>.
Call of Duty: Black Ops 6 topped the charts, contributing to a 10% year-over-year increase in U.S. video game spending, which reached $4.7 billion.
According to Circana&#8217;s monthly report (<a href="https://www.ign.com/articles/october-2024-sales-charts-call-of-duty-black-ops-6-sparks-xbox-game-pass-subscription-surge">via</a> IGN), Black Ops 6 is already the third best-selling game of the year and saw sales 23% higher in its first two weeks than last year's Modern Warfare 3 over the same period. 
See Also:<a href="https://www.benzinga.com/general/gaming/24/11/42141838/elden-ring-creator-hidetaka-miyazaki-teases-various-new-projects-in-development"> Elden Ring Creator Hidetaka Miyazaki Teases &#8216;Various New Projects&#8217; In Development</a>
Mat Piscatella of Circana noted that 82% of the game's full dollar sales came from PlayStation 5, likely because Xbox players opted to access the game through Game Pass instead of purchasing it outright.
<h3 class="wp-block-heading">Game Pass And Subscription Growth</h3>
The availability of <a href="https://www.benzinga.com/general/gaming/24/10/41662426/black-ops-6-shatters-records-call-of-dutys-biggest-launch-drives-60-sales-spike">Black Ops 6 on Game Pass</a> appears to have driven growth in video game subscription spending, which increased 16% year-over-year in October. 
This suggests that the game attracted new subscribers to Microsoft Corp.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) platform while maintaining strong sales elsewhere.
<h3 class="wp-block-heading">Dragon Ball And Silent Hill Stand Out</h3>
Dragon Ball: Sparking! Zero secured the second spot on October's sales charts and became the best-selling Dragon Ball game in the U.S. The game is also now the third best-selling title in Bandai Namco Holdings ADR&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NCBDY#OTC">NCBDY</a>) history, following<a href="https://www.benzinga.com/general/gaming/24/11/42068231/sony-in-talks-to-acquire-elden-ring-publisher-kadokawa-report"> Elden Ring </a>and Dark Souls 3.
The Silent Hill 2 remake came in third and is now the second best-selling game in the franchise, second only to the original Silent Hill 2.
<h3 class="wp-block-heading">Sales Shifts from Discounts and Game Pass</h3>
The Final Fantasy I-VI Collection moved up from No. 90 in September to No. 19 in October, likely due to a significant price drop on Nintendo ADR&#8216;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NTDOY#OTC">NTDOY</a>) Nintendo Switch. Meanwhile, Sifu climbed to No. 9 on Xbox's monthly active users chart after being added to Game Pass.
<h3 class="wp-block-heading">Hardware And Accessories Performance</h3>
Hardware sales saw a 23% decline compared to last year. Nintendo Switch sales dropped 38%, while PlayStation 5 and Xbox Series sales were down 20% and 18%, respectively. The PlayStation 5 remains the top-selling console in both units and dollar sales, with Xbox Series consoles in second place.
In accessories, spending increased by 15%, with Sony Group Corp's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) PlayStation Portal becoming the month's best-selling item.
<h3 class="wp-block-heading">Top 20 Best-Selling Games In October</h3>
<ol>
<li>Call of Duty: Black Ops 6</li>
<li>Dragon Ball: Sparking! Zero</li>
<li>Silent Hill 2</li>
<li>Undisputed</li>
<li>Metaphor: ReFantazio</li>
<li>Dragon Age: The Veilguard</li>
<li>Super Mario Party Jamboree!&#x2A;</li>
<li>Madden NFL 25</li>
<li>Sonic X Shadow Generations</li>
<li>EA Sports FC 25</li>
<li>EA Sports College Football 25</li>
<li>The Legend of Zelda: Echoes of Wisdom&#x2A;</li>
<li>Hogwarts Legacy</li>
<li>NHL 25</li>
<li>Astro Bot</li>
<li>Minecraft&#x2A;</li>
<li>NBA 2K25</li>
<li>Life Is Strange: Double Exposure</li>
<li>Final Fantasy I-VI Bundle</li>
<li>Elden Ring</li>
</ol>
(&#x2A;Digital sales data for some titles are not included in Circana's report.)
As the year approaches its final months, upcoming Black Friday deals may impact both hardware and software sales.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/gaming/24/11/42144628/gta-6-trailer-2-fans-frustrated-as-rockstar-possibly-breaks-moon-theory">GTA 6 Trailer 2 Fans Frustrated As Rockstar Possibly Breaks Moon Theory</a></li>
</ul>
Image credits: Shutterstock.

MSFT

NCBDY

NTDOY

Sony Group Corporation American Depositary Shares

SONY

Call Of Duty: Black Ops 6 Leads Video Game October Sales In The US

U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining by more than 350 points on Friday.
The Dow traded up 0.82% to 44,228.50 while the NASDAQ rose 0.14% to 18,998.27. The S&amp;P 500 also rose, gaining, 0.31% to 5,966.91.
Check This Out: <a href="https://www.benzinga.com/24/11/42135346/top-3-materials-stocks-that-could-blast-off-in-november">Top 3 Materials Stocks That Could Blast Off In November</a>
Leading and Lagging Sectors Consumer staples shares rose by 1.5% on Friday.
In trading on Friday, communication services shares fell by 0.6%.
Top Headline
Shares of Intuit Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) fell over 5% on Friday after the company reported upbeat results for its first-quarter results, but issued weak forecast for the current quarter.
The company reported quarterly earnings of $2.50 per share, which beat the analyst consensus estimate of $2.35 per share. Quarterly revenue came in at $3.28 billion which beat the consensus estimate of $3.14 billion
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Elastic N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) shares shot up 16% to $109.17 after the company reported better-than-expected second-quarter financial results and issued FY25 guidance above estimates.</li>
<li>Shares of Matthews International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>) got a boost, surging 19% to $30.26 following upbeat earnings.</li>
<li>Replimune Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REPL#NASDAQ">REPL</a>) shares were also up, gaining 45% to $16.00 after the company on Thursday announced it received breakthrough therapy designation status for RP1 and will submit an RP1 biologics license application to the FDA under an accelerated approval pathway.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Autonomix Medical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMIX#NASDAQ">AMIX</a>) shares dropped 55% to $6.11 after the company announced the pricing of a $9 million underwritten public offering.</li>
<li>Shares of Aptose Biosciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APTO#NASDAQ">APTO</a>) were down 43% to $0.1390 after the company announced the pricing of an $8 million public offering.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) was down, falling 41% to $0.1164 after the company announced its board approved a 1-for-35 reverse stock split.</li>
</ul>
Commodities In commodity news, oil traded up 1.5% to $71.16 while gold traded up 1.1% at $2,704.00.
Silver traded up 1.1% to $31.275 on Friday, while copper fell 0.8% to $4.0940.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 1.12%, Germany's DAX gained 0.77% and France's CAC 40 rose 0.46%. Spain's IBEX 35 Index rose 0.16%, while London's FTSE 100 gained 1.35%.
The S&amp;P Global UK composite PMI declined to 49.9 in November versus 51.8 in the previous month, while Eurozone composite PMI dipped to 48.1 in November from 50 in the prior month.
Asia Pacific Markets
Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 0.68%, Hong Kong's Hang Seng Index falling 1.89%, China's Shanghai Composite Index dipping 3.06% and India's BSE Sensex gaining 2.54%.
Economics
<ul>
<li>The S&amp;P Global US Services PMI climbed to 57 in November versus 55 in the previous month, while manufacturing PMI increased to 48.8 in November from 48.5 in the previous month.</li>
<li>The University of Michigan consumer sentiment for the US fell to 71.8 in November versus a preliminary reading of 73.</li>
<li>The year-ahead inflation expectations in the U.S fell to 2.6% in November from 2.7% in October.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/24/11/42135946/wall-streets-most-accurate-analysts-give-their-take-on-3-industrials-stocks-with-over-3-dividend-yields-3">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Industrials Stocks With Over 3% Dividend Yields</a>

Earnings

AMIX

APTO

CETX

ESTC

INTU

MATW

REPL

S&P 500 Moves Higher; Intuit Shares Fall Following Q1 Results

WIIM

KSCP

Knightscope shares are trading lower after the company announced a proposed public offering of Class A common stock and pre-funded warrants to address working capital needs.

Medtronic's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) short percent of float has fallen 4.76% since its last report. The company recently reported that it has 10.18 million shares sold short, which is 0.8% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.93 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Medtronic Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732302924_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Medtronic has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Medtronic's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Medtronic's peer group average for short interest as a percentage of float is 4.17%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Medtronic's Recent Short Interest

UP Fintech Holding's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NYSE">TIGR</a>) short percent of float has fallen 25.28% since its last report. The company recently reported that it has 6.07 million shares sold short, which is 4.73% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>UP Fintech Holding Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732302919_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for UP Fintech Holding has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing UP Fintech Holding's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, UP Fintech Holding's peer group average for short interest as a percentage of float is 2.77%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

TIGR

Looking Into UP Fintech Holding's Recent Short Interest

DuPont de Nemours's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>) short percent of float has risen 3.03% since its last report. The company recently reported that it has 3.76 million shares sold short, which is 1.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.73 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>DuPont de Nemours Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732302913_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for DuPont de Nemours has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing DuPont de Nemours's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, DuPont de Nemours's peer group average for short interest as a percentage of float is 3.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into DuPont de Nemours's Recent Short Interest

SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares are trading higher on Friday. The company announced the deployment of its conversational AI agent, Amelia at Apivia Courtage, as part of the AEMA Group. Here&#8217;s <a href="https://www.benzinga.com/quote/SOUN/news">what you need to know.</a>
What To Know: In a press release on Thursday, SoundHound AI reported that Amelia AI agents managed over 100,000 customer calls in 2024, reducing the volume of inbound queries handled by human employees at Apivia Courtage by nearly 20%. These calls were largely focused on medical expense reimbursements and insurance policy information. The deployment, which began in Jan. 2023, was designed to improve efficiency and allow customer service teams to focus on higher-value tasks.
The CEO of Apivia Courtage, Emmanuelle Nguyen, stated that integrating the AI system enhanced work quality for employees and improved workplace atmosphere. Michael Anderson, EVP of Enterprise at SoundHound AI, emphasized the benefits of automation in enabling contact center staff to manage more complex tasks.
&#8220;With AI agents managing routine customer questions, Apivia Courtage&#8217;s employees are now able to focus on more rewarding and valuable aspects of their work. We&#8217;re thrilled to support them in delivering thousands of high-quality interactions,&#8221; commented Anderson.
Apivia Courtage, operating under the AEMA Group, is one of France&#8217;s largest insurance entities, serving over 11 million customers through more than 1,600 agencies and 3,900 brokers. The group&#8217;s annual revenue exceeds €15 billion.
&#8220;Projects like this really show the incredible value AI and automation can deliver, not only to our customers but also to their customers,&#8221; said Anderson.
SOUN Price Action: SoundHound AI shares were up 20.6% at $8.41 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://benzinga.slack.com/archives/D072651PB4K/p1727794380964569"><img loading="lazy" decoding="async" width="1024" height="532" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22133150/OSUNS-1024x532.png" alt="" class="wp-image-661538" style="width:453px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22133150/OSUNS-1024x532.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22133150/OSUNS-300x156.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22133150/OSUNS-768x399.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22133150/OSUNS.png 1162w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Image Via Shutterstock.

Movers

SOUN

SoundHound AI Shares Are On The Rise Friday: What's Going On?

Citigourp Global Markets 2% Protected Notes Linked To The Djia

PDD Holdings shares are trading lower after JP Morgan downgraded the stock from Overweight to Neutral and lowered the price target from $170 to $105.

Celestica shares are trading lower after UBS initiated coverage on the stock with a Neutral rating and announced a price target of $95.

Best Buy shares are trading higher after JP Morgan maintained an Overweight rating on the stock and raised its price target from $111 to $117.

DOCU

DocuSign shares are trading higher after JMP Securities maintained a Market Outperform rating on the stock and raised its price target from $84 to $108.

CRNC

Cerence shares are trading higher after Craig-Halum maintained a Hold rating on the stock and raised its price target from $3.5 to $6.

ALLY

Ally Financial shares are trading higher after the company announced it's assessing the potential sale of its credit card business.

ONON

ON Holding shares are trading higher after Needham initiated coverage on the stock with a Buy rating and announced a price target of $64.

BJ's Wholesale Club shares are trading higher after TD Cowen and Morgan Stanley raised their respective price targets on the stock.

Cboe Global Markets Inc. (BATS:<a class="ticker" href="https://www.benzinga.com/stock/CBOE#BATS">CBOE</a>) has announced plans to introduce the first-ever <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42071163/blackrock-spot-bitcoin-etf-options-on-nasdaq-rack-up-9-figure-trading-volume-in-first-few-hours-seems-very-bullish-says-analyst">cash-settled index options</a> tied to Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) spot price.
What Happened: These new financial instruments are <a href="https://ir.cboe.com/news/news-details/2024/Cboe-to-Launch-the-First-Cash-Settled-Options-Product-Related-to-Spot-Bitcoin-Beginning-Monday-December-2/default.aspx">scheduled</a> for launch on Dec. 2 and will be based on the Cboe Bitcoin U.S. ETF Index, which tracks a selection of <a href="https://www.benzinga.com/topic/spot-bitcoin-etf">spot Bitcoin exchange-traded funds (ETFs)</a> listed in the United States.
The move is part of a broader trend of integrating cryptocurrency-related securities into traditional financial markets.
This announcement comes shortly after Nasdaq began listing <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42058823/blackrocks-spot-bitcoin-etf-to-open-for-options-trading-heres-why-it-could-be-a-big-deal-for-bitcoin">spot Bitcoin ETF options</a> earlier this week, enabling U.S. investors to use derivatives to speculate on Bitcoin&#8217;s price movements or hedge their existing positions.
Cboe's initiative adds to the growing suite of crypto-related trading products available in the regulated U.S. market.
Historically, the majority of crypto derivatives trading, such as options and futures, has taken place on offshore platforms due to restrictive U.S. regulations. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42139601/solana-hits-264-record-high-as-etf-filings-regulatory-optimism-drive-market-momentum">Solana Hits $264 Record High As ETF Filings, Regulatory Optimism Drive Market Momentum</a>
Binance and Deribit, both headquartered outside the U.S., have been the dominant players in this space, offering leveraged trading to their users.
However, the increasing appetite for crypto derivatives in the U.S., coupled with President-elect Donald Trump's <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122348/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report">pro-crypto stance</a>, is driving U.S.-based marketplaces to expand their offerings.
Why It Matters: This shift has allowed institutional and retail investors to access new tools for managing risk and amplifying returns.
CME Group, which already offers Bitcoin futures, has reported a significant increase in open interest, reflecting heightened activity from institutional investors. 
This growth has begun to erode Binance's market share. 
Additionally, over-the-counter options trading has emerged as a popular strategy among U.S. institutions seeking to hedge their crypto positions or implement more complex trading strategies.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">MicroStrategy Trading At &#8216;Insane&#8217; 256% Premium To Bitcoin Holdings, Research Shows</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

CBOE

Cboe To Launch Cash-Settled Bitcoin Index Options

In a recent interview, NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang shared his thoughts on the company's focus on supply as demand remains "incredible," a development that was a big topic in the company's <a href="https://www.benzinga.com/24/11/42099904/nvidia-q3-earnings-highlights">recent financial results.</a>
What Happened: Although Nvidia stock has dipped since its third-quarter results, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42119226/nvidia-analysts-see-stock-best-positioned-in-ai-not-worried-about-guidance-all-systems-go-for-blackwell-ramp">analysts remain unfazed</a>, pointing to surging demand for Blackwell chips.
During an appearance on Fox Business Network's "The Claman Countdown," Huang was asked about the problem many CEOs would love to have of demand being greater than supply.
"Hopper and Blackwell are two just magnificent computing systems," Huang <a href="https://www.foxbusiness.com/video/6365013367112">said</a>.
Huang said demand is strong for data centers to get their hands on Blackwell chips.
"We're going to go from zero billion dollars of Blackwell to many billions of dollars of Blackwell. And so, it's going to be an incredible thing. But the demand is just incredible."
During the interview, Huang was asked about the large number of customers and big-name customers who have placed orders and the process for determining which customers get their Blackwell chips first.
"We try to be fair with everyone so that they can all get their AI infrastructure up and running. We also make sure that their infrastructure is ready. And so, between us and them, there's no sense shipping computers if the data center and the power and the readiness of the system is not there," Huang said.
Huang highlighted Alphabet, Dell and CoreWeave as companies who have expressed their optimism. "Everybody's really proud of the system they've stood up and we're all just racing to get there."
Huang said Nvidia does pricing "based on the value delivered."
"In a lot of ways, it's kind of like generating electricity in the last industrial revolution, and there are all this machinery, these large machinery called A.C. generators, and they produce electricity. We're now producing this miracle called artificial intelligence."
Are you buying when the CEOs of the Magnificent 7 are selling?
<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>
What's Next: Huang said the company is "in good shape" and confident in its Blackwell production ramp.
"Our demand is greater than our supply. And so, we need to get more out," Huang said.
Huang said Nvidia is working with thousands of AI native companies and it's hard to have infrastructure available for all of them.
"We're working super hard to get there as fast as we can, which is the reason why we're ramping Blackwell so hard."
Nvidia's success comes largely in the United States, Huang added. The CEO sees an opportunity to continue to expand to other countries.
"Over time and very quickly, whether it's in the west or in the east, we're going to see just about every single country jumping onto this A.I. revolution, this age of A.I."
Huang brushed off concerns that AI will take over the world and take all the jobs.
"AI can do a lot of tasks, but they can't do 100% of our jobs. That's the big idea."
Huang said AI is going to revolutionize and transform jobs and it's important that people learn how to use AI.
"What is very likely is that AI will do 20, 30, 40% of 100% of the jobs in the world."
NVDA Price Action: Nvidia stock is down 3% to $142.10 on Friday versus a 52-week trading range of $45.01 to $152.89. Nvidia stock is up 195% year-to-date, but has fallen 1% over the last month.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/41888032/nvidia-ceo-jensen-huang-said-nvidia-has-no-long-term-strategy-how-this-philosophy-is-similar-to-his-reason-to-not-wear-a-watch">Nvidia CEO Jensen Huang Doesn&#8217;t Wear A Watch After A Gardner Taught Him The Secret Of Time</a></li>
</ul>
Image created with photos from Nivida and Shutterstock.

Tech

NVDA

Nvidia CEO Jensen Huang Calls AI A 'Miracle,' Say It 'Can't Do 100% Of Our Jobs'

Financial giants have made a conspicuous bullish move on Alphabet. Our analysis of options history for Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) revealed 45 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $1,256,958, and 30 were calls, valued at $1,436,733.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $110.0 and $300.0 for Alphabet, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Alphabet's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Alphabet's substantial trades, within a strike price spectrum from $110.0 to $300.0 over the preceding 30 days.
<h3>Alphabet Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732302090_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$4.85</td>
<td>$4.7</td>
<td>$4.7</td>
<td>$130.00</td>
<td>$305.5K</td>
<td>591</td>
<td align="right">662</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$24.0</td>
<td>$23.95</td>
<td>$24.0</td>
<td>$185.00</td>
<td>$144.0K</td>
<td>1.0K</td>
<td align="right">60</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$41.9</td>
<td>$41.85</td>
<td>$41.85</td>
<td>$130.00</td>
<td>$125.5K</td>
<td>1.1K</td>
<td align="right">30</td>
</tr>
<tr>
<td>GOOGL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$8.0</td>
<td>$7.9</td>
<td>$7.9</td>
<td>$160.00</td>
<td>$115.3K</td>
<td>3.3K</td>
<td align="right">318</td>
</tr>
<tr>
<td>GOOGL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$200.00</td>
<td>$108.5K</td>
<td>4.3K</td>
<td align="right">431</td>
</tr>
</tbody>
</table>

<h3>About Alphabet</h3>
Alphabet is a holding company that wholly owns internet giant Google. The California-based company derives slightly less than 90% of its revenue from Google services, the vast majority of which is advertising sales. Alongside online ads, Google services houses sales stemming from Google's subscription services (YouTube TV, YouTube Music among others), platforms (sales and in-app purchases on Play Store), and devices (Chromebooks, Pixel smartphones, and smart home products such as Chromecast). Google's cloud computing platform, or GCP, accounts for roughly 10% of Alphabet's revenue with the firm's investments in up-and-coming technologies such as self-driving cars (Waymo), health (Verily), and internet access (Google Fiber) making up the rest.
After a thorough review of the options trading surrounding Alphabet, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Alphabet</h3>
<ul>
<li>With a volume of 23,824,736, the price of GOOGL is down -1.64% at $164.88. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 67 days.</li>
</ul>
<h3>What The Experts Say On Alphabet</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $202.8.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Loop Capital keeps a Hold rating on Alphabet with a target price of $185. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Alphabet, maintaining a target price of $187. 
&#x2A; Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Alphabet, targeting a price of $215. 
&#x2A; An analyst from B of A Securities has decided to maintain their Buy rating on Alphabet, which currently sits at a price target of $210. 
&#x2A; Reflecting concerns, an analyst from BMO Capital lowers its rating to Outperform with a new price target of $217.
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 Alphabet, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

GOOGL

Spotlight on Alphabet: Analyzing the Surge in Options Activity

4 Trends To Watch For In 2024

POWA: Strategy Change Promotes Pricing Power And Stability

AAPL

AMZN

COST

DAPP

DRIV

DSTL

GOOG

JQUA

LVMHF

NFLX

SATO

SPSM

STLA

TSLA

WGMI

The Fed opted to maintain its benchmark interest rate within a range of 5.25% to 5.50%, a level it has maintained since July 2023 and has revised its rate cut prediction. While previously predicting three rate cuts for the year, the Fed scaled back its estimate to just one due to sticky inflation.

However, there was a division among officials, with eight estimating two cuts, seven predicting one and four foreseeing no cuts for the year. Despite the reduced rate cut expectations for 2024, Fed officials increased their collective forecast for 2025, anticipating a median of four additional rate cuts.

<h3>Inflation Outlook</h3>

The Fed revised its 2024 inflation forecast, expecting prices to end the year at 2.8% compared to the previous estimate of 2.6%. The Fed stressed on the importance of inflation returning to the 2% target before considering rate cuts.

<h3>Is There Any Optimism?</h3>

The Fed&#39;s policy statement reflected some newfound optimism, noting &quot;modest further progress&quot; toward the inflation target, a departure from previous statements. Fed chair Powell acknowledged the risks of waiting too long or acting too early on rate cuts.

Notably, U.S. annual inflation slowed to 3.3% in May 2024, the lowest in three months compared to 3.4% in April and forecasts of 3.4%. Core CPI hit 3.4%, coming in below the expected 3.5%. This marked the lowest rate since April 2021.

<h3>September Rate Cut Possibility</h3>

The odds of a rate cut in September rose following the CPI report, but the decision hinges on continued improvement in inflation data. There is currently a 55% probability of a 25-bp rate cut in September, up from 46.8% recorded on Jun 11, 2024, per CME FedWatch Tool. The Fed retained its unemployment and GDP outlook for the year while raising its neutral rate forecast.

<h3>Growth ETFs to Play</h3>

Higher chances of a Fed rate cut in September and the retention of the rate in the latest meeting bode well for growth investing as the segment tends to do well in a low-rate-environment. However, we have highlighted low P/E growth ETFs that are still cheap in valuation as the investing backdrop is still edgy due to persistent inflation, occasional overvaluation concerns and the presidential election due this year.

<h3>ETFs in Focus</h3>

Invesco Bloomberg Pricing Power ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POWA#NYSE">POWA</a>) &ndash; Zacks Rank #2 (Buy); P/E: 18.28X

The underlying Bloomberg Pricing Power Index is composed of U.S. large and mid-capitalization companies that are well-positioned to maintain stable profit margins in all market conditions while focusing on companies that have the smallest deviations among their annual gross profit margins over the last five years. The fund charges 40 bps in fees and yields 1.49% annually.

Invesco S&amp;P 500 Pure Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPG#NYSE">RPG</a>) &ndash; Zacks Rank #2; P/E: 26.76X

The underlying S&amp;P 500 Pure Growth Index measures the performance of securities that exhibit strong growth characteristics in the S&amp;P 500 Index. The fund charges 35 bps in fees and yields 0.91% annually.

SPDR Portfolio S&amp;P 500 Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPYG#NYSE">SPYG</a>) &ndash; Zacks Rank #2; P/E: 28.44X

The underlying S&amp;P 500 Growth Index measures the performance of the large-capitalization growth sector in the U.S. equity market. The fund charges 4 bps in fees and yields 0.87% annually.

Invesco NASDAQ 100 ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQM#NASDAQ">QQQM</a>) &ndash; Zacks Rank #2; P/E: 30.26X

The underlying NASDAQ-100 Index includes securities of 100 of the largest domestic and international nonfinancial companies listed on the Nasdaq. The fund charges 15 bps in fees and yields 0.62% annually.

Vanguard Russell 1000 Growth ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VONG#NASDAQ">VONG</a>) &ndash; Zacks Rank #2; P/E: 32.60X

The underlying Russell 1000 Growth Index measures the performance of large-capitalization growth stocks in the United States. The fund charges 8 bps in fees and yields 0.63% annually.

<a href="https://www.zacks.com/stock/news/2287691/buy-5-growth-etfs-as-fed-stays-put-eyes-rate-cut?cid=CS-BENZ-FT-etf_news_and_commentary-2287691">To read this article on Zacks.com click here.</a>

Comments

Invesco Bloomberg Pricing Power ETF

News

Latest news for Invesco Bloomberg Pricing Power ETF (ARCA:POWA)

Thursday, June 13, 2024

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga