Option chain shows key data for Pet Valu Hldgs's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Pet Valu Hldgs.

Pet Valu Hldgs (OTC:PTVLF) Stock, Option Chain

Pet Valu Holdings Ltd is engaged in providing pet-related products and food through its stores. Its products include Dog Food, Cat Food, Puppy Essentials, Dog Treats, Kitten Essentials, and treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and others.

Pet Valu Holdings Ltd

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li>Scotiabank analyst Sung Ji Nam initiated coverage on <strong>Thermo Fisher Scientific Inc</strong>. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) with a Sector Perform rating and announced a price target of $605. Thermo Fisher Scientific shares closed at $524.05 on Friday. <a href="https://www.benzinga.com/quote/TMO/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Goldman Sachs analyst Allen Chang initiated coverage on <strong>Pony AI Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) with a Buy rating and announced a price target of $19.6. Pony AI shares closed at $13.16 on Friday. See how other analysts view this stock.</li>
<li>Compass Point analyst Dominick Gabriele initiated coverage on <strong>NCR Atleos Corporation</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NATL#NYSE">NATL</a>) with a Buy rating and announced a price target of $57. NCR Atleos shares closed at $32.33 on Friday. <a href="https://www.benzinga.com/quote/NATL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>D. Boral Capital analyst Jason Kolbert initiated coverage on <strong>Omeros Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMER#NASDAQ">OMER</a>) with a Buy rating and announced a price target of $36. Omeros shares closed at $10.31 on Friday. <a href="https://www.benzinga.com/quote/OMER/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Alliance Global Partners analyst Aaron Grey initiated coverage on <strong>Worksport Ltd.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) with a Buy rating and announced a price target of $2. Worksport shares closed at $0.8465 on Thursday. <a href="https://www.benzinga.com/quote/WKSP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
<p>Considering buying OMER stock? Here&#8217;s what analysts think: </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="573" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-1024x573.png" alt="" class="wp-image-704444" style="width:622px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-1024x573.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-300x168.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192-768x430.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23103558/image-192.png 1102w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
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News

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Trading Ideas

NATL

OMER

PONY

WKSP

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RELI

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DRCT

Direct Digital Shares Resume Trade Then Again Halted On Circuit Breaker To The Upside, Stock Now Up 183.6%

<p><a href="https://www.theinformation.com/articles/openai-nvidia-and-their-rivals-expand-ai-turf-wars" title="https://www.theinformation.com/articles/openai-nvidia-and-their-rivals-expand-ai-turf-wars">https://www.theinformation.com/articles/openai-nvidia-and-their-rivals-expand-ai-turf-wars</a></p>
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<p>Nvidia Aims To Rival AWS With Cloud Services And Software Business; OpenAI Develops Server Chips And Browser To Reduce Nvidia And Google Dependence; Elon Musk Builds Massive Supercomputing Cluster For Conversational AI; Major Tech Firms Race To Expand AI Hardware And Software Stacks Amid Intensifying Competition And Efforts To Reduce Supplier Reliance</p>


MSFT

NVDA

'OpenAI, Nvidia And Their Rivals Expand AI Turf Wars' - The Information

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Boeing</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with BA, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 29 uncommon options trades for Boeing.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 55% bullish and 37%, bearish.</p>
<p>Out of all of the special options we uncovered, 6 are puts, for a total amount of $323,005, and 23 are calls, for a total amount of $880,234.</p>
<h3>Expected Price Movements</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $140.0 to $200.0 for Boeing over the recent three months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Boeing's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Boeing's significant trades, within a strike price range of $140.0 to $200.0, over the past month.</p>
<h3>Boeing 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1734967838_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$36.5</td>
<td>$30.9</td>
<td>$30.9</td>
<td>$200.00</td>
<td>$154.5K</td>
<td>1.7K</td>
<td align="right">0</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/03/25</td>
<td>$1.55</td>
<td>$1.55</td>
<td>$1.55</td>
<td>$185.00</td>
<td>$113.9K</td>
<td>1.2K</td>
<td align="right">821</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.8</td>
<td>$10.55</td>
<td>$10.55</td>
<td>$170.00</td>
<td>$52.7K</td>
<td>11.1K</td>
<td align="right">85</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/17/25</td>
<td>$4.3</td>
<td>$4.25</td>
<td>$4.25</td>
<td>$150.00</td>
<td>$50.1K</td>
<td>2.8K</td>
<td align="right">812</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$48.2</td>
<td>$47.7</td>
<td>$48.2</td>
<td>$140.00</td>
<td>$48.2K</td>
<td>103</td>
<td align="right">10</td>
</tr>
</tbody>
</table>
</p>
<h3>About Boeing</h3>
<p>Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes; defense, space, and security; and Global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft, satellites, and weaponry. Global services provides aftermarket support to airlines.</p>
<p>In light of the recent options history for Boeing, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Present Market Standing of Boeing</h3>
<ul>
<li>With a volume of 1,879,101, the price of BA is down -0.28% at $176.86. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 37 days.</li>
</ul>
<h3>What Analysts Are Saying About Boeing</h3>
<p>In the last month, 1 experts released ratings on this stock with an average target price of $190.0.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from JP Morgan has decided to maintain their Overweight rating on Boeing, which currently sits at a price target of $190. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Boeing with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

Check Out What Whales Are Doing With Boeing

Direct Digital Holdings Shares Halted To The Upside; Stock Now Up 143.64%

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>ServiceNow</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with NOW, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 14 uncommon options trades for ServiceNow.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 21% bullish and 64%, bearish.</p>
<p>Out of all of the special options we uncovered, 3 are puts, for a total amount of $130,910, and 11 are calls, for a total amount of $1,080,381.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $1140.0 for ServiceNow over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In today's trading context, the average open interest for options of ServiceNow stands at 47.88, with a total volume reaching 98.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ServiceNow, situated within the strike price corridor from $230.0 to $1140.0, throughout the last 30 days.</p>
<h3>ServiceNow Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1734967832_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th align="right"><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$280.6</td>
<td>$272.5</td>
<td>$272.5</td>
<td>$850.00</td>
<td>$545.0K</td>
<td align="right">49</td>
<td align="right">20</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$861.7</td>
<td>$848.5</td>
<td>$855.58</td>
<td>$230.00</td>
<td>$85.5K</td>
<td align="right">12</td>
<td align="right">2</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$862.1</td>
<td>$855.3</td>
<td>$855.3</td>
<td>$230.00</td>
<td>$85.5K</td>
<td align="right">12</td>
<td align="right">1</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$399.8</td>
<td>$393.8</td>
<td>$397.93</td>
<td>$700.00</td>
<td>$79.5K</td>
<td align="right">11</td>
<td align="right">2</td>
</tr>
<tr>
<td>NOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$321.8</td>
<td>$315.6</td>
<td>$315.6</td>
<td>$860.00</td>
<td>$63.1K</td>
<td align="right">80</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
</p>
<h3>About ServiceNow</h3>
<p>ServiceNow Inc provides software solutions to structure and automate various business processes via a SaaS delivery model. The company primarily focuses on the IT function for enterprise customers. ServiceNow began with IT service management, expanded within the IT function, and more recently directed its workflow automation logic to functional areas beyond IT, notably customer service, HR service delivery, and security operations. ServiceNow also offers an application development platform as a service.</p>
<p>In light of the recent options history for ServiceNow, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>ServiceNow's Current Market Status</h3>
<ul>
<li>Trading volume stands at 86,368, with NOW's price down by -1.13%, positioned at $1078.87.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 30 days.</li>
</ul>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.</p>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for ServiceNow, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Check Out What Whales Are Doing With NOW

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Exxon Mobil</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with XOM, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 9 uncommon options trades for Exxon Mobil.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 22% bullish and 22%, bearish.</p>
<p>Out of all of the special options we uncovered, 4 are puts, for a total amount of $141,045, and 5 are calls, for a total amount of $265,371.</p>
<h3>Expected Price Movements</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $42.5 and $115.0 for Exxon Mobil, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Exxon Mobil's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Exxon Mobil's whale activity within a strike price range from $42.5 to $115.0 in the last 30 days. </p>
<h3>Exxon Mobil Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1734967826_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$5.5</td>
<td>$5.35</td>
<td>$5.5</td>
<td>$105.00</td>
<td>$100.1K</td>
<td>2.6K</td>
<td align="right">186</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$65.25</td>
<td>$61.1</td>
<td>$63.13</td>
<td>$42.50</td>
<td>$63.1K</td>
<td>3</td>
<td align="right">0</td>
</tr>
<tr>
<td>XOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$7.0</td>
<td>$6.9</td>
<td>$6.95</td>
<td>$110.00</td>
<td>$49.3K</td>
<td>16.0K</td>
<td align="right">58</td>
</tr>
<tr>
<td>XOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$8.1</td>
<td>$7.95</td>
<td>$8.02</td>
<td>$100.00</td>
<td>$40.1K</td>
<td>837</td>
<td align="right">50</td>
</tr>
<tr>
<td>XOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$7.05</td>
<td>$6.9</td>
<td>$6.92</td>
<td>$110.00</td>
<td>$34.6K</td>
<td>16.0K</td>
<td align="right">52</td>
</tr>
</tbody>
</table>
</p>
<h3>About Exxon Mobil</h3>
<p>ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one of the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.</p>
<p>Following our analysis of the options activities associated with Exxon Mobil, we pivot to a closer look at the company's own performance.</p>
<h3>Where Is Exxon Mobil Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,980,999, with XOM's price down by -0.4%, positioned at $105.45.</li>
<li>RSI indicators show the stock to be may be oversold.</li>
<li>Earnings announcement expected in 39 days.</li>
</ul>
<h3>Expert Opinions on Exxon Mobil</h3>
<p>Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $123.2.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from RBC Capital downgraded its action to Sector Perform with a price target of $115.<br />
&#x2A; An analyst from RBC Capital persists with their Sector Perform rating on Exxon Mobil, maintaining a target price of $115.<br />
&#x2A; An analyst from Piper Sandler persists with their Overweight rating on Exxon Mobil, maintaining a target price of $127.<br />
&#x2A; Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Exxon Mobil with a target price of $125.<br />
&#x2A; Maintaining their stance, an analyst from Mizuho continues to hold a Neutral rating for Exxon Mobil, targeting a price of $134. </p>
<p>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.</p>
<p>If you want to stay updated on the latest options trades for Exxon Mobil, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Smart Money Is Betting Big In XOM Options

<p>Imperial Oil (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/IMO#AMEX">IMO</a>) has outperformed the market over the past 5 years by 5.62% on an annualized basis producing an average annual return of 18.39%. Currently, Imperial Oil has a market capitalization of $32.81 billion. </p>
<p><strong>Buying $1000 In IMO:</strong> If an investor had bought $1000 of IMO stock 5 years ago, it would be worth <strong>$2,314.74</strong> today based on a price of $61.23 for IMO at the time of writing.</p>
<h3>Imperial Oil's Performance Over Last 5 Years</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1734967823_0.png" alt="comp_fig" /></p>
<p>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.</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


If You Invested $1000 In This Stock 5 Years Ago, You Would Have This Much Today

<p>Kevin O&#8217;Leary, the well-known entrepreneur and <a href="https://www.benzinga.com/news/24/12/42559810/people-think-kevin-oleary-is-the-mean-shark-but-he-says-im-not-mean-i-just-tell-the-truth-to-keep-families-from-going-broke">investor from Shark Tank</a>, has weighed in on why so many tech CEOs and business leaders are suddenly cozying up to President-elect Donald Trump. During a recent <a href="https://www.youtube.com/watch?v=oML1qbX1_uM">interview</a> on Fox &amp; Friends, O&#8217;Leary said it's not just about Trump's corporate tax policies – the real reason is deregulation.</p>
<p>For context, Trump's policies, such as maintaining the 21% corporate tax rate, undoubtedly appeal to businesses. However, according to O'Leary, the bigger draw is Trump's commitment to cutting federal red tape, making it easier for businesses to grow and operate without constant legal battles and administrative hurdles.</p>
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<li><strong>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"><strong> The percentage may shock you</strong></a>.</strong></li>
<li><strong>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2"><strong>You can invest today for just $0.26/share with a $1000 minimum.</strong></a></strong></li>
</ul>
<p>O&#8217;Leary pointed out that federal deregulation under Trump's administration is particularly attractive to companies involved in <a href="https://www.benzinga.com/calendars/m-a">mergers and acquisitions</a>. He noted that Trump will "cool off all these pursuits and change many of the administrative rules that make it harder to get things done."</p>
<p>In simple terms, businesses see Trump as someone who will make it easier for them to operate without worrying about constant interference from regulators. That's a huge selling point for companies looking to expand or innovate.</p>
<h2 class="wp-block-heading">CEOs See Trump as &#8216;The Guy&#8217;</h2>
<p>O&#8217;Leary was direct about why CEOs are eager to meet with Trump. &#8220;They're not stupid,&#8221; he said. &#8220;They're saying, &#8216;Well, I think I'm going to go suck up with him because he's the guy for sure for the next two years.'&#8221;</p>
<p><strong>See Also: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"><strong> </strong><strong>for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</strong></a></strong></p>
<p>This isn't just about tech leaders like Mark Zuckerberg or Jeff Bezos. O&#8217;Leary said leaders from various industries – and even other countries – are lining up to meet with Trump, recognizing his influence and power in shaping business policy.</p>
<h2 class="wp-block-heading">Donations for Trump&#8217;s Inauguration</h2>
<p>Mark Zuckerberg and <a href="https://www.benzinga.com/tech/24/12/42479253/jeff-bezos-amazon-pledges-1-million-to-trumps-inaugural-event-following-in-the-footsteps-of-mark-zuckerberg-and-meta">Jeff Bezos have each contributed $1 million</a> through their companies, Meta Platforms and Amazon. OpenAI CEO Sam Altman is joining them, making a <a href="https://www.benzinga.com/news/management/24/12/42485193/sam-altman-to-donate-1m-to-trumps-inauguration-fund-following-zuckerberg-bezos-eager-to-support">personal donation of $1 million</a>. Perhaps surprisingly, the trading platform Robinhood has donated $2 million.</p>
<p>O&#8217;Leary highlighted that these donations represent a shift in attitude among business leaders. This is about aligning with Trump's vision for the economy and acknowledging his dominance in shaping the future of policy.&nbsp;</p>
<p><strong>Trending: It&#8217;s no wonder Jeff Bezos holds over $70 million in art — <a href="https://www.benzinga.com/money/masterworks"><strong>this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</strong></a></strong></p>
<p>Altman, for instance, has publicly praised Trump's commitment to advancing AI infrastructure, a sentiment echoed by other tech leaders. &#8220;President Donald Trump will lead our country into the age of AI and I am eager to support his efforts to ensure America stays ahead,&#8221; he said.</p>
<p>The President-elect&#8217;s ability to remove regulatory roadblocks has made him an attractive ally for business leaders, regardless of their personal opinions about him.</p>
<h2 class="wp-block-heading">Why Deregulation Can Be Harmful</h2>
<p>While <a href="https://www.benzinga.com/markets/equities/24/11/42383725/trump-administrations-deregulation-efforts-to-lift-energy-oil-and-gas-sectors-ai-frenzy-to-aid-faang-stocks-and-nvidia-says-fintech-insider">deregulation is a win for businesses</a>, it can also result in significant drawbacks. <a href="https://www.imf.org/external/pubs/ft/wp/2013/wp13247.pdf">Reduced oversight</a> often opens the door to harmful practices, such as environmental damage, compromised safety standards and unfair labor practices. It can also mean fewer consumer protections, which could let businesses focus more on profits than on doing what's right for people.</p>
<p><strong>Read Next:</strong></p>
<ul>
<li><strong>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv"><strong>The percentage may shock you</strong></a>.</strong></li>
<li><strong>Inspired by Uber and Airbnb &#8211; Deloitte's fastest-growing software company is transforming 7 billion smartphones into income-generating assets &#8211; <a href="https://www.benzinga.com/money/mode-mobile-2"><strong>with $1,000 you can invest at just $0.26/share!</strong></a></strong></li>
</ul>


Kevin O'Leary Says Deregulation Is The Real Reason Everybody Is 'Sucking Up To Trump Now,' Not Lower Taxes

<p>Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.</p>
<ul>
<li>Raymond James analyst Buck Horne upgraded the rating for <strong>Weyerhaeuser Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WY#NYSE">WY</a>) from Market Perform to Outperform and announced a $32 price target. Weyerhaeuser shares closed at $27.50 on Friday. <a href="https://www.benzinga.com/quote/WY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>HC Wainwright &amp; Co. analyst Raghuram Selvaraju upgraded the rating for <strong>Aclaris Therapeutics, Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACRS#NASDAQ">ACRS</a>) from Neutral to Buy and maintained the price target of $20. Aclaris Therapeutics shares closed at $2.72 on Friday. See how other analysts view this stock.</li>
<li>Piper Sandler analyst Crispin Love upgraded <strong>GCM Grosvenor Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCMG#NASDAQ">GCMG</a>) from Neutral to Overweight and raised the price target from $12.5 to $14. GCM Grosvenor shares closed at $11.75 on Friday. <a href="https://www.benzinga.com/quote/GCMG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Raymond James analyst Buck Horne upgraded the rating for <strong>PotlatchDeltic Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCH#NASDAQ">PCH</a>) from Market Perform to Outperform and announced a $45 price target. PotlatchDeltic shares closed at $38.75 on Friday. <a href="https://www.benzinga.com/quote/PCH/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
<p>Considering buying WY stock? Here&#8217;s what analysts think: </p>
<p><figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="592" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23102908/image-191-1024x592.png" alt="" class="wp-image-704426" style="width:637px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23102908/image-191-1024x592.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23102908/image-191-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23102908/image-191-768x444.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/12/23102908/image-191.png 1078w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure></p>
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</ul>


Upgrades

Price Target

ACRS

GCMG

This Weyerhaeuser Analyst Turns Bullish; Here Are Top 4 Upgrades For Monday

<p><strong>Rumble Inc.</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) shares are trading higher Monday after the company announced it entered into a definitive agreement for a $775 million strategic investment from <a href="https://www.benzinga.com/24/12/42634166/rumble-stock-soars-on-775-million-investment-from-tether-what-to-know"><strong>Tether</strong> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>)</a>.</p>
<p><strong>The Details:</strong> Rumble on Friday announced that Tether plans to buy 103.33 million shares of its common stock for $7.50 per share, representing $775 million in gross proceeds. Tether offers the most widely used dollar <a href="https://www.benzinga.com/topic/stablecoins">stablecoin</a> with more than 350 million users. </p>
<p>Rumble plans to use $250 million of the gross proceeds to support growth initiatives, while the remaining funds will be used for a self-tender offer of up to 70 million Rumble shares at the same price as Tether&#8217;s investment.</p>
<p>Rumble CEO <strong>Chris Pavlovski</strong> does not intend to sell more than 10 million shares of common stock in the tender offer. He will retain his controlling stake in the company.</p>
<p>&#8220;I could not be more excited about this collaboration with Tether for a number of reasons. First, many people may not realize the incredibly strong connection between the cryptocurrency and free speech communities, which is rooted in a passion for freedom, transparency, and decentralization,&#8221; Pavlovski said.</p>
<p>&#8220;Second, the immediate commitment of adding $250 million in cash to our balance sheet not only confirms the level of support and commitment to a collaboration between our companies, it also fuels our growth initiatives. And, third, this transaction provides an immediate liquidity event for all of our stockholders who elect to participate in the self tender offer.&#8221;</p>
<p>Rumble&#8217;s existing board and governance structure, including Pavlovski&#8217;s super-majority voting control, will remain unchanged following the closing of the transaction. </p>
<p>Tether will own a minority position in Rumble&#8217;s outstanding common stock, but will not have the right to designate any members of the board. The investment and tender offer are expected to close during the first quarter of 2025. </p>
<p><strong>Related Link: <a href="https://www.benzinga.com/24/12/42647650/palantir-vs-lockheed-a-tech-fueled-showdown-in-the-850-billion-defense-market">Palantir Vs. Lockheed: A Tech-Fueled Showdown In The $850 Billion Defense Market</a></strong></p>
<p><strong>RUM Price Action</strong>: At the time of writing, Rumble shares were up 79.8% at $12.92, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.</p>
<p><em>Image: Shutterstock.</em></p>


Movers

$USDT

Rumble Stock Is Ripping Higher Monday: What's Going On?

<p>Truist Securities  analyst Joon Lee   maintains Vertex Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) with a Buy and lowers the price target from $550 to $460.</p>


VRTX

Truist Securities Maintains Buy on Vertex Pharmaceuticals, Lowers Price Target to $460

Direct Digital Shares Resume Trade

Direct Digital Shares Halted On Circuit Breaker To The Upside, Stock Now Up 98.2%

<p>Loop Capital  analyst Mark Schappel   maintains E2open Parent Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETWO#NYSE">ETWO</a>) with a Hold and lowers the price target from $4 to $3.</p>


ETWO

Loop Capital Maintains Hold on E2open Parent Holdings, Lowers Price Target to $3

QBTS

D-Wave Quantum Option Alert: Fri $8 Calls Sweep (39) Near The Ask: 2000 @ $0.7 Vs 2525 OI; Ref=$7.48

<p>High-rolling investors have positioned themselves bearish on Rigetti Computing (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in RGTI often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 17 options trades for Rigetti Computing. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 23% bullish and 70% bearish. Among all the options we identified, there was one put, amounting to $27,700, and 16 calls, totaling $1,630,393.</p>
<h3>What's The Price Target?</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $10.0 to $20.0 for Rigetti Computing over the last 3 months. </p>
<h3>Volume &amp; Open Interest Development</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Rigetti Computing's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Rigetti Computing's whale trades within a strike price range from $10.0 to $20.0 in the last 30 days. </p>
<h3>Rigetti Computing Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1734966934_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$3.4</td>
<td>$2.4</td>
<td>$2.35</td>
<td>$12.50</td>
<td>$540.5K</td>
<td>416</td>
<td>2.3K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$4.1</td>
<td>$3.9</td>
<td>$4.0</td>
<td>$16.00</td>
<td>$288.4K</td>
<td>93</td>
<td>2.0K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.1</td>
<td>$2.0</td>
<td>$2.0</td>
<td>$13.00</td>
<td>$120.0K</td>
<td>4.9K</td>
<td>859</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$3.3</td>
<td>$3.2</td>
<td>$3.2</td>
<td>$10.00</td>
<td>$120.0K</td>
<td>7.6K</td>
<td>1.3K</td>
</tr>
<tr>
<td>RGTI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.7</td>
<td>$1.7</td>
<td>$3.7</td>
<td>$10.00</td>
<td>$90.6K</td>
<td>7.6K</td>
<td>245</td>
</tr>
</tbody>
</table>
</p>
<h3>About Rigetti Computing</h3>
<p>Rigetti Computing Inc is engaged in the business of full-stack quantum computing. Its proprietary quantum-classical infrastructure provides ultra-low latency integration with public and private clouds for high-performance practical quantum computing. The company has developed the industry's first multi-chip quantum processor for scalable quantum computing systems. Geographically, it derives a majority of its revenue from the United States.</p>
<p>Following our analysis of the options activities associated with Rigetti Computing, we pivot to a closer look at the company's own performance.</p>
<h3>Present Market Standing of Rigetti Computing</h3>
<ul>
<li>With a volume of 89,179,572, the price of RGTI is up 24.69% at $11.68. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 80 days.</li>
</ul>
<h3>What The Experts Say On Rigetti Computing</h3>
<p>In the last month, 2 experts released ratings on this stock with an average target price of $8.0.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Craig-Hallum downgraded its action to Buy with a price target of $12.<br />
&#x2A; An analyst from B. Riley Securities persists with their Buy rating on Rigetti Computing, maintaining a target price of $4. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Rigetti Computing with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


RGTI

A Closer Look at Rigetti Computing's Options Market Dynamics

<p>High-rolling investors have positioned themselves bearish on Archer Aviation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACHR#NYSE">ACHR</a>), and it's important for retail traders to take note.<br />
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in ACHR often signals that someone has privileged information.</p>
<p>Today, Benzinga's options scanner spotted 10 options trades for Archer Aviation. This is not a typical pattern.</p>
<p>The sentiment among these major traders is split, with 40% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $28,000, and 9 calls, totaling $405,742.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $10.0 for Archer Aviation during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.</p>
<p>This data can help you track the liquidity and interest for Archer Aviation's options for a given strike price.</p>
<p>Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Archer Aviation's whale activity within a strike price range from $5.0 to $10.0 in the last 30 days. </p>
<h3>Archer Aviation Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1734966927_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th align="right"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$6.5</td>
<td>$6.2</td>
<td>$6.2</td>
<td>$5.00</td>
<td>$62.0K</td>
<td>4.9K</td>
<td align="right">112</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$5.9</td>
<td>$5.6</td>
<td>$5.7</td>
<td>$5.00</td>
<td>$57.0K</td>
<td>18.7K</td>
<td align="right">127</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.6</td>
<td>$2.45</td>
<td>$2.6</td>
<td>$7.50</td>
<td>$52.0K</td>
<td>0</td>
<td align="right">400</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.7</td>
<td>$4.4</td>
<td>$4.49</td>
<td>$7.00</td>
<td>$51.6K</td>
<td>13.3K</td>
<td align="right">162</td>
</tr>
<tr>
<td>ACHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.55</td>
<td>$2.3</td>
<td>$2.55</td>
<td>$7.50</td>
<td>$51.0K</td>
<td>0</td>
<td align="right">200</td>
</tr>
</tbody>
</table>
</p>
<h3>About Archer Aviation</h3>
<p>Archer Aviation Inc advances the benefits of sustainable air mobility. The company is engaged in designing and developing a fully electric vertical takeoff and landing eVTOL aircraft for use in UAM networks. It is creating an electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner.</p>
<p>After a thorough review of the options trading surrounding Archer Aviation, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Archer Aviation Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 12,846,103, the ACHR's price is up by 1.37%, now at $9.62. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 63 days.</li>
</ul>
<h3>Expert Opinions on Archer Aviation</h3>
<p>4 market experts have recently issued ratings for this stock, with a consensus target price of $12.875.</p>
<p><strong>Turn $1000 into $1270 in just 20 days?</strong></p>
<p>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"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Canaccord Genuity has decided to maintain their Buy rating on Archer Aviation, which currently sits at a price target of $11.<br />
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ACHR

Looking At Archer Aviation's Recent Unusual Options Activity

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>The pet care industry went through a massive growth spurt during the pandemic when it seemed everyone had to own a companion pet. This lit a fire under pet care stocks.&nbsp;</p>



<p>Sadly for the animals themselves, adults have grown tired of the idea of pet ownership or can&rsquo;t afford the ongoing costs, and this has led to <a href="https://www.axios.com/2023/08/30/euthanasia-animal-shelter-statistics-2023-post-pandemic">euthanasia rates</a> across United States animal shelters reaching a three-year high.&nbsp;</p>



<p>However, the pet care industry was strong before the pandemic, and it will be strong after, as irresponsible owners are replaced with true animal lovers who understand the responsibilities involved in owning a pet.&nbsp;</p>



<p>Food, vet visits, playtoys, etc., will continue for most of the 85 million families that own some kind of pet in the U.S. These owners spend an estimated $99 billion annually on their pets. I do not doubt that it will continue to grow.</p>



<p>Here are three pet care stocks that will benefit from this consistent growth.</p>



<h2>Colgate-Palmolive (CL)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/05/colgate-cl-stock-1600-300x169.jpg" alt="Colgate toothpaste and mouthwash in a cup with a toothbrush"><div>Source: monticello / Shutterstock.com</div></div>


<p>I was going to go with <strong>Nestle </strong>(OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/nsrgy-stock-quote/"><strong>NSRGY</strong></a></span>) as it owns the <a href="https://www.nestle.com/brands/petcare">Purina brands</a>, which include Pro Plan, Friskies, Fancy Feast, and Dog Chow, as well as a minority stake in IVC Evidensia, an owner of more than <a href="https://eqtgroup.com/news/2021/ivc-evidensia-expands-partnership-to-drive-next-phase-of-accelerating-growth/">1,500 vet clinics</a> in Europe. However, then I remembered that all of my cats eat Hill&rsquo;s Science Diet oral care kibble, which <strong>Colgate-Palmolive </strong>(NYSE:<span><a href="https://investorplace.com/stock-quotes/cl-stock-quote/"><strong>CL</strong></a></span>) <a href="https://www.hillspet.ca/en-ca/about-us/our-company/hills-pet-nutrition-history#:~:text=Hill's%20Today,86%20countries%20around%20the%20world." target="_blank">has owned since 1976</a>.&nbsp;</p>



<p>As a stock, Colgate has woefully underperformed over the past five years, gaining 30%, considerably less than the 84% return of the <strong>S&amp;P 500</strong>. It&rsquo;s time for reversion to the mean to kick in and send CL stock higher in 2024.&nbsp;</p>



<p>What&rsquo;s been holding it back? It&rsquo;s performed exceptionally well since hitting a 52-week low of $67.62 in mid-October. That&rsquo;s partly <a href="https://www.tipranks.com/news/colgate-palmolive-stock-nysecl-top-rated-analyst-upgrades-rating-to-buy" target="_blank">due to the upgrade of its stock</a> around that time by Stifel Nicolaus analyst Mark Astrachan, who moved it from &ldquo;Hold&rdquo; to &ldquo;Buy&rdquo; with an $81 target price.&nbsp;&nbsp;&nbsp;</p>



<p>It&rsquo;s already hit the analyst&rsquo;s 12-month target in less than three months. Should its momentum carry through 2024, $100 or more is definitely in the cards.</p>



<p>Through the nine months ended Sept. 30, 2023, Colgate&rsquo;s Pet Nutrition segment had revenue of <a href="https://investor.colgatepalmolive.com/news-releases/news-release-details/colgate-announces-3rd-quarter-2023-results">$3.18 billion</a>, 20% higher than a year earlier. It accounted for 22% of the company&rsquo;s overall revenue and 17% of its operating profit.&nbsp;</p>



<p>In September 2022, it paid <a href="https://investor.colgatepalmolive.com/static-files/44c92853-1d39-49ff-9848-79cf59f8b7cd">$719 million</a> for Red Collar Pet Foods, which operated three dry pet food manufacturing plants in the U.S. This is part of its plan to grow the Hill&rsquo;s business. That should help the pet care segment contribute more to Colgate&rsquo;s business.</p>



<h2>Pet Valu Holdings (PTVLF)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/07/pets-1600-300x169.png" alt="Group of pets posing around a border collie; dog, cat, ferret, rabbit, bird, fish, rodent"><div>Source: Eric Isselee / Shutterstock</div></div>


<p><a href="https://investorplace.com/2024/01/3-consumer-stocks-to-sell-in-january-before-they-crash-and-burn/">I am not a fan</a> of <strong>Chewy </strong>(NYSE:<a href="https://investorplace.com/stock-quotes/chwy-stock-quote/"><strong>CHWY</strong></a>) because even though it&rsquo;s an online dynamo in pet care, it does not know how to operate its business profitably. Our local PetSmart is unbelievably well-run that it makes me wish the company was publicly traded. Alas, that&rsquo;s not the case.&nbsp;</p>



<p>So, I went with the Canadian option and <strong>Pet Valu Holdings </strong>(OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/ptvlf-stock-quote/"><strong>PTVLF</strong></a></span>), the Toronto-based operator of <a href="https://s28.q4cdn.com/101245351/files/doc_financials/2023/q3/Pet-Valu-Holdings-Ltd-Q3-2023-MD-A.pdf">225 company-owned</a> and 541 franchised stores across Canada.&nbsp;&nbsp;</p>



<p>In the first nine months of 2023, it opened 22 new stores and renovated, expanded or relocated another 29. That&rsquo;s a little shy of its goal of 35-40 for 2023. It opened 18 net-new stores in 2020, 28 in 2021, and 45 in 2022. There was also the acquisition of 66 franchised stores operating under the Chico banner in Quebec.</p>



<p>The company&rsquo;s growth plan is based on three ideas.</p>



<p>The first is to grow the store count from 766 today to more than <a href="https://s28.q4cdn.com/101245351/files/doc_financials/2023/q3/Pet-Valu-Holdings-Ltd-Q3-2023-Presentation.pdf" target="_blank">1,200 in the future</a>.&nbsp;The second is to continue to drive same-store sales growth. In the latest quarter, it was 4% higher year-over-year.&nbsp;Finally, through the modernization of its systems, the plan is to improve the company&rsquo;s operating margins. It&rsquo;s got some work to do. In Q3 2023, its operating margin was 14.3%, 340 basis points less than a year ago. Lower gross margins didn&rsquo;t help the situation.</p>



<p>Based on its full-year earnings per share guidance of at least $1.60, it trades at a reasonable 18 times earnings. Down 27% over the past year, now is an excellent time to buy into Pet Valu.&nbsp;</p>



<h2>Idexx Laboratories (IDXX)</h2>


<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/09/idxx1600-300x169.jpg" alt="vet looking at a dog's xray to represent pet stocks like IDXX"><div>Source: Shutterstock</div></div>


<p>As its investor relations <a href="https://www.idexx.com/en/about-idexx/investors/" target="_blank">website states</a>, &ldquo;<strong>Idexx Laboratories </strong>(NASDAQ:<span><a href="https://investorplace.com/stock-quotes/idxx-stock-quote/"><strong>IDXX</strong></a></span>) is a global leader in veterinary diagnostics, software, and water microbiology testing.&rdquo;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>



<p>The company has three operating segments: Companion Animal Group (<a href="https://www.idexx.com/files/10q20231101.pdf">92%</a> of revenue), Water Quality Products (5%), and Livestock, Poultry and Dairy (3%). Not only does the companion animal business generate most of its revenue, but it also accounts for most of Idexx&rsquo;s operating profits.&nbsp;</p>



<p>Of the companion animal revenues in Q3 2023 ($837.2 million), 88% is recurring, which is best because it leads to higher operating margins. In 2023, it expects to grow its operating margin by 370 basis points at the midpoint of its guidance to 29.7%.&nbsp;</p>



<p>All of this should lead to earnings per share of $9.82, which is 56 times earnings. However, despite the nosebleed valuation, it was considerably higher in June 2021 when IDXX traded at more than $700. Back then, investors paid upwards of <a href="https://www.morningstar.com/stocks/xnas/idxx/valuation">76 times</a> earnings to own its shares.</p>



<p>Best of all, Idexx&rsquo;s balance sheet is pristine. At the end of September, its net debt was $809 million [total debt of <a href="https://www.morningstar.com/stocks/xnas/idxx/financials">$1.14 billion</a> less cash of $332 million] or less than 2% of its $46 billion market cap.</p>



<p>In 2024, if interest rates don&rsquo;t come down, Idexx won&rsquo;t care. It has almost no leverage. That&rsquo;s my kind of company.&nbsp;</p>



<p><em>On the date of publication, Will Ashworth </em><em>did not have (either directly or indirectly) any positions in the securities mentioned in this article. </em><em>The opinions expressed in this article are those of the writer, subject to the </em>InvestorPlace.com<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"><em> </em>Publishing Guidelines</a><em>.</em></p>
<div><p>Will Ashworth has written about investments full-time since 2008. Publications where he&rsquo;s appeared include InvestorPlace, The Motley Fool Canada, Investopedia, Kiplinger, and several others in both the U.S. and Canada. He particularly enjoys creating model portfolios that stand the test of time. He lives in Halifax, Nova Scotia.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/01/3-purrfect-stocks-to-buy-for-the-booming-pet-care-industry/">3 Purrfect Stocks to Buy for the Booming Pet Care Industry</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Purrfect Stocks to Buy for the Booming Pet Care Industry

Pet Valu: Downgrading On Valuations

Pet Valu Holdings reports Q1 results

Mawer Investment Management Q2 2024 Quarterly Update

Pet Valu: Valuation On 2025 Estimates Look Reasonable

Pet Valu Holdings Non-GAAP EPS of C$0.41, revenue of C$276M

AIQUF

AIQUY

ASMIY

ASML

ASMLF

ASMXF

CHWY

DLMAF

EDNMF

EDNMY

GOOG

GOOGL

IDXX

IPSOF

LVMHF

LVMUY

NSRGY

PTVLF

RELX

RLXXF

SCCAF

TSMWF

VRSK

WOLTF

WTKWY

Pet Valu Hldgs

National Bank Financial Inc

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