Latest news for Rivulet Entertainment (OTC:RIVF) Stock

Rivulet Entertainment Inc, formerly Advanced Voice Recognition Systems Inc is a software development company that is engaged in creating interface and application solutions for speech recognition technologies. It holds six issued patents and is also involved in patent monetization.

RIVULET ENTERTAINMENT INC by Rivulet Entertainment, Inc.

Rivulet Entertainment Inc

Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintains Alerus Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRS#NASDAQ">ALRS</a>) with a Market Perform and raises the price target from $22 to $23.

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Price Target

Analyst Ratings

ALRS

Keefe, Bruyette & Woods Maintains Market Perform on Alerus Finl, Raises Price Target to $23

Keefe, Bruyette &amp; Woods analyst Catherine Mealor maintains Ameris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABCB#NYSE">ABCB</a>) with a Outperform and raises the price target from $60 to $65.

ABCB

Keefe, Bruyette & Woods Maintains Outperform on Ameris, Raises Price Target to $65

DA Davidson analyst Jeff Rulis maintains Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) with a Neutral and raises the price target from $63 to $70.

DA Davidson Maintains Neutral on Bank of Hawaii, Raises Price Target to $70

<a href="https://electrek.co/2024/07/29/rivian-rivn-volkswagen-win-german-approval-joint-venture/">https://electrek.co/2024/07/29/rivian-rivn-volkswagen-win-german-approval-joint-venture/</a>
<h2>Rivian and Volkswagen gain German approval</h2>
It's been over a month since Rivian and VW announced the landmark alliance. The <a href="https://electrek.co/2024/06/25/vw-will-invest-up-to-5b-into-rivian-to-form-joint-venture-for-next-gen-evs/">new partnership</a> will use Rivian's software expertise to develop an architecture for next-gen EVs.
Volkswagen will invest up to $5 billion, $3 billion of which will go to Rivian and $2 billion in the joint venture. However, these investments are based on meeting "certain milestones."
The partnership took a big step forward on Monday after gaining approval from German competition authorities.
The Bundeskartellamt announced it has "cleared under merger control the formation of a joint venture between Volkswagen and US electric car manufacturer Rivian." The office also approved VW's investment in Rivian.
Andreas Mundt, president of the Bundeskartellamt, explained that the Rivian and Volkswagen JV is "not expected to significantly impede effective competition."
In <a href="https://www.bundeskartellamt.de/SharedDocs/Meldung/EN/Pressemitteilungen/2024/29_07_2024_VW_Rivian.html?nn=48916">a statement</a> released Monday, the agency added, "There will continue to be a sufficient range of services available to car manufacturers to build E/E architectures."

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RIVN

VWAGY

Reported Earlier, 'Rivian And Volkswagen Win Approval From German Authorities To Form Joint Venture' - Electrek

Morgan Stanley analyst Adam Jonas reiterates Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) with a Overweight and maintains $310 price target.

Reiteration

TSLA

Morgan Stanley Reiterates Overweight on Tesla, Maintains $310 Price Target

Trading Ideas

SLRX

Salarius Pharmaceuticals Shares Resume Trade

Tales of overnight millionaires are not uncommon in the world of tech startups, where companies are often acquired. But Jay Chaudhry and his first company, SecureIT, stand out as he wasn't the only one to walk away a millionaire.&nbsp;
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Chaudhry, now 65 and the billionaire CEO of cloud cybersecurity giant Zscaler, recalled the moment in 1998 when he sold SecureIT to VeriSign for $70 million in an all-stock deal. It wasn&#8217;t his personal windfall that excited him most, though.
&#8220;People were going crazy in the company, because they had never thought of so much money,&#8221; Chaudhry told CNBC&#8217;s Make It series. &#8220;A lot of them were buying new houses. They were buying new cars. I know one guy, he took six months off, rented a [mobile home], and went around the country. They could do what they wanted to do.&#8221;
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The key was Chaudhry&#8217;s decision to bootstrap SecureIT, using $500,000 of his and his wife Jyoti&#8217;s life savings rather than seeking venture capital. This approach allowed him to distribute more equity to his employees, a decision that would prove life-changing for many.
As VeriSign&#8217;s stock price soared in the following years, climbing more than 2,300% by February 2000, the impact of Chaudhry&#8217;s equity distribution became clear. Of SecureIT&#8217;s 80 employees, more than 70 became paper millionaires.
The <a href="https://www.benzinga.com/general/education/22/04/20620430/this-day-in-market-history-nasdaq-drops-9-6-in-dot-com-bubble-sell-off-1">tech </a>bubble burst later that year, and VeriSign&#8217;s stock lost 75% of its value, but many employees who held onto their shares likely saw great returns in the long run. As recently as January 2021, VeriSign&#8217;s stock closed at $254 per share.
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CNBC noted that Chaudhry&#8217;s story echoes that of Mark Cuban, who <a href="https://www.benzinga.com/personal-finance/24/06/39447720/from-business-sale-to-retirement-wealth-how-mark-cuban-turned-91-of-his-employees-into-millionai">famously turned hundreds of Broadcast.com employees into millionaires</a> after selling the company to Yahoo for $5.7 billion in 1999. Cuban has continued the practice with subsequent company sales.
For Chaudhry, the realization of his impact came gradually. &#8220;I went home that night and looked at the spreadsheet of all the [stock] options they had, and I multiplied by the stock price of VeriSign. That&#8217;s when I realized that the math was about 70 or 80 millionaires with stock options,&#8221; he said. &#8220;It was impressive.&#8221;
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Chaudhry&#8217;s story points to the potential benefits of bootstrapping for both founders and employees. By not chasing venture capital, Chaudhry maintained greater control over his company&#8217;s equity and could reward the employees who, in his words, &#8220;make the difference.&#8221;
As the tech industry continues to grapple with issues of wealth inequality and employee compensation, stories like Chaudhry&#8217;s remind us of the impact thoughtful equity distribution can have on employees&#8217; lives.
While not every startup will achieve a $70 million exit or create dozens of millionaires, Chaudhry&#8217;s approach offers food for thought for entrepreneurs and investors alike.
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Startups

How A $70 Million Deal Turned 88% Of A CEO's Employees Into Millionaires Overnight

RBC Capital analyst Conor McNamara reiterates Avantor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVTR#NYSE">AVTR</a>) with a Outperform and maintains $31 price target.

AVTR

RBC Capital Reiterates Outperform on Avantor, Maintains $31 Price Target

Roth MKM analyst Scott Stember maintains Brunswick (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BC#NYSE">BC</a>) with a Buy and lowers the price target from $94 to $91.

Roth MKM Maintains Buy on Brunswick, Lowers Price Target to $91

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 1% on Monday.
Following the market opening Monday, the Dow traded up 0.06% to 40,612.10 while the NASDAQ rose 1% to 17,529.39. The S&amp;P 500 also rose, gaining, 0.50% to 5,486.56.
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Leading and Lagging Sectors Consumer discretionary shares jumped by 1.1% on Monday.
In trading on Monday, energy shares fell by 0.9%.
Top Headline
McDonald&#8217;s Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) posted worse-than-expected second-quarter financial results.
McDonald&#8217;s reported a second-quarter FY24 sales decline of 0.12% year-on-year to $6.490 billion, missing the analyst consensus of $6.608 billion. Adjusted EPS of $2.97 missed the analyst consensus estimate of $3.07.
Global comparable sales decreased 1.0%, while U.S. comparable sales slipped 0.7%.
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;
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<li>Lipella Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIPO#NASDAQ">LIPO</a>) shares shot up 183% to $1.1741 after the company announced it commenced its Phase 2a trial for LP-310 in Oral Lichen Planus.</li>
<li>Shares of Planet Image International Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YIBO#NASDAQ">YIBO</a>) got a boost, surging 81% to $5.33 after jumping around 56% on Friday.</li>
<li>2U, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWOU#NASDAQ">TWOU</a>) shares were also up, gaining 65% to $2.06.</li>
</ul>
Equities Trading DOWN
<ul>
<li>vTv Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTVT#NASDAQ">VTVT</a>) shares dropped 39% to $13.00 after the company announced the FDA has placed a clinical hold on the cadisegliatin clinical program.</li>
<li>Shares of Cognition Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGTX#NASDAQ">CGTX</a>) were down 37% to $1.49 after the company reported Phase 2 results for Alzheimer&#8217;s drug.</li>
<li>CERo Therapeutics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CERO#NASDAQ">CERO</a>) was down, falling 32% to $0.1742 after gaining 6% on Friday.</li>
</ul>
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Commodities In commodity news, oil traded up 0.1% to $77.18 while gold traded up 0.4% at $2,389.90.
Silver traded up 0.2% to $28.075 on Monday, while copper fell 1.1% to $4.0775.
Euro zone
European shares were mixed today. The eurozone's STOXX 600 gained 1%, Germany's DAX fell 0.2% and France's CAC 40 fell 0.8%. Spain's IBEX 35 Index fell 0.2%, while London's FTSE 100 rose 0.5%.
UK's net consumer credit increased by £1.2 billion over a month during June, a decline from the £1.5 billion gain recorded in May.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan's Nikkei 225 surging 2.13%, Hong Kong's Hang Seng Index gaining 1.28%, China's Shanghai Composite Index gaining 0.03% and India's S&amp;P BSE Sensex rising 0.03%.
Singapore's Domestic Supply Price Index increased by 4.3% year-over-year in June, accelerating from a revised 2.7% gain in the prior month. Producer prices in Malaysia increased to 1.6% year-over-year for June. Profits earned by Chinese industrial firms climbed by 3.5% year-over-year to CNY 3,511.03 billion during the first six months of 2024.
Economics
The Dallas Fed Manufacturing index will be released today.
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</ul>

Earnings

Eurozone

Commodities

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CERO

CGTX

LIPO

TWOU

VTVT

YIBO

Nasdaq Gains 1%; McDonald's Posts Downbeat Results

RBC Capital analyst Keith Mackey maintains Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) with a Outperform and raises the price target from $39 to $43.

RBC Capital Maintains Outperform on Baker Hughes, Raises Price Target to $43

Salarius Pharmaceuticals Shares Halted On Circuit Breaker To The Downside, Stock Now Up 19.1%

Guidance

HOPE

Hope Bancorp Sees About 10% Decline In Q4 NII Vs Q4 2023

Roth MKM analyst Chip Moore maintains Generac Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNRC#NYSE">GNRC</a>) with a Neutral and raises the price target from $135 to $160.

GNRC

Roth MKM Maintains Neutral on Generac Hldgs, Raises Price Target to $160

RBC Capital analyst Irene Nattel reiterates Casey's General Stores (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASY#NASDAQ">CASY</a>) with a Sector Perform and maintains $393 price target.

CASY

RBC Capital Reiterates Sector Perform on Casey's General Stores, Maintains $393 Price Target

DA Davidson analyst Jeff Rulis maintains First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) with a Neutral and raises the price target from $27 to $34.

FIBK

DA Davidson Maintains Neutral on First Interstate BancSys, Raises Price Target to $34

Roth MKM analyst Eric Handler maintains Roblox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>) with a Neutral and raises the price target from $35 to $42.

RBLX

Roth MKM Maintains Neutral on Roblox, Raises Price Target to $42

DA Davidson analyst Jeff Rulis maintains TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) with a Buy and raises the price target from $41 to $55.

TCBK

DA Davidson Maintains Buy on TriCo, Raises Price Target to $55

DA Davidson analyst Russell Gunther maintains WSFS Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSFS#NASDAQ">WSFS</a>) with a Buy and raises the price target from $59 to $68.

WSFS

DA Davidson Maintains Buy on WSFS Financial, Raises Price Target to $68

Prominent economists and analysts continue to emphasize the historic and extraordinary performance of the American economy in recent years, despite the significant hurdles <a href="https://www.benzinga.com/topic/interest-rates">posed by high interest rates. </a>
Last week, the Bureau of Economic Analysis reported a surprising real GDP growth of 2.8% <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39957034/us-economy-expands-2-8-in-q2-tops-estimates-weekly-jobless-claim-fall">in the second quarter</a>, doubling the growth rate of the first quarter and surpassing analysts&#8217; already optimistic expectations of a 2% increase.
<h3 class="wp-block-heading">American Consumers: The Real Champions</h3>
&#8220;If there were an Olympic competition for overall economic performance, the US economy would win gold,&#8221; wrote veteran Wall Street investor Ed Yardeni in a note published Monday.
Even though, as of the morning of July 29, American athletes were only fifth in the official medal standings of the Paris Olympic Games for the number of gold medals won, Yardeni drew a sports parallel, suggesting that American consumers are stealing the show on the podium.
&#8220;If there were an Olympic competition for consumption, American consumers would win gold, silver, and bronze,&#8221; Yardeni noted, highlighting that real consumer spending on both goods and services reached record highs during Q2.
The best way to gauge the performance of the U.S. economy is by tracking real consumption per household, which is the broadest measure of Americans&#8217; standard of living. It rose to a record $119,400 during Q2 2024, tripling since the end of the 1950s.
&#8220;There aren't enough millionaires and billionaires to bias this series, in our opinion. Besides, once they've bought their mansions and yachts, the rich don't eat much more than the rest of us working stiffs,&#8221; Yardeni added. 
He explained that consumer spending is driven by real incomes. The historically tight labor market has fueled real wage gains, while rising interest and dividend incomes have further boosted real incomes. Meanwhile, rising asset prices have decreased the need to save, leaving more after-tax income available for spending.
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39992214/russell-2000-notches-third-week-of-gains-strongest-streak-since-august-2022-small-c">Russell 2000 Notches Third Week Of Gains, Strongest Streak Since August 2022: Small Caps Serve &#8216;As Economic Barometer,&#8217; Analyst Says</a>
The boom in consumption is partly fueled by retired Baby Boomers saving less and spending down their net worth. Meanwhile, younger generations are likely spending most of their current incomes, which are being boosted by the transfer of inherited wealth to them.
According to the latest OECD data, shares and other equities make up to 39% of overall U.S. household wealth.
Since the trough of 2022, the U.S. stock market, as indicated by the S&amp;P 500 Index, has enjoyed an almost two-year-long bull market, regaining record highs. The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which closely monitors the S&amp;P 500 Index, has rallied by 53% since October 2022.
Tech stocks, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), have performed even better, rallying 78%.
<figure class="wp-block-image size-large"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072924&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29090118/image-54-1024x486.png" alt="" class="wp-image-462470" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29090118/image-54-1024x486.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29090118/image-54-300x142.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29090118/image-54-768x365.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29090118/image-54-1536x729.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/29090118/image-54.png 1786w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Image:<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072924&amp;t=be2bearmibe3na1"> Benzinga Pro </a>
<h3 class="wp-block-heading">Immaculate Disinflation</h3>
The U.S. economy's performance over the past few years has been especially impressive, Yardeni highlighted. Despite numerous hurdles, including the tightening of monetary policy and geopolitical turmoil, the economy has defied predictions of a recession. 
Furthermore, inflation has moderated relatively quickly despite the historically low unemployment rate. In other words, it didn't take a recession to subdue inflation. 
&#8220;The U.S. economy has achieved a rare feat,&#8221; Yardeni said, describing it as &#8220;immaculate disinflation.&#8221;
Yardeni explained that businesses are hiring and investing, consumers are spending, and the labor market remains robust. He suggested that the economy's sensitivity to higher interest rates has markedly declined, as evidenced by the rising investment and spending on technology. 
The veteran analyst highlighted that the high-tech spending powering the economy now should propel labor productivity in future quarters, fueling the economy's growth engine.
Yardeni remains confident in the disinflation trend and welcomed the latest statistics on the Personal Consumption Expenditure (PCE) price index released last week.
Although the Q2 PCE was slightly hotter than expected, the trend remains encouraging, with headline and core PCED falling to 2.5% and 2.6% year-over-year, <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39983210/feds-preferred-inflation-measure-shows-mixed-readings-personal-income-spending-fa">respectively, in June.</a> 
&#8220;PCE inflation is getting very close to the Fed's 2.0% target,&#8221; Yardeni said. On a three-month annualized basis through June, core PCE is up just 2.3%, while headline PCE is up 1.5%.
The veteran analyst expects both headline and core PCED inflation will fall below 2.5% during the second half of 2024. 
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