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Susquehanna Community

Susquehanna Community Financial Inc is a United States-based bank holding company. Through its subsidiary bank, it offers general banking services to individuals and corporates. The bank provides services like mortgage services, online banking and bill pay, telephone banking, savings, checking, direct deposits, debit cards, credit cards and other services.

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SQCF

Canadian Pacific (NYSE: CP) announced plans to acquire Kansas City Southern (NYSE: 

5 Wall Street Impressions About Proposed CP-KCS Merger

SUSQUEHANNA CMMTY FNCL by Susquehanna Community Financial, Inc.

Susquehanna Community Financial Inc

Canaccord Genuity analyst Kingsley Crane maintains Elastic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESTC#NYSE">ESTC</a>) with a Buy and raises the price target from $110 to $130.

Price Target

Analyst Ratings

ESTC

Canaccord Genuity Maintains Buy on Elastic, Raises Price Target to $130

Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) is making a big move from the <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42014351/palantir-prepares-nasdaq-move-could-nasdaq-100-be-next">NYSE to the Nasdaq</a> Global Select Market, effective Nov. 26.
Could this be a step toward a future inclusion in the Nasdaq-100 Index?
Investors are now watching the stock's exposure in exchange-traded funds (ETFs), especially as its visibility and market value rise with potential inclusion in the Nasdaq-100.
Read Also: <a href="https://www.benzinga.com/24/11/42094248/trumps-return-boosts-palantir-national-security-bets-drive-140-billion-market-cap">Palantir Tech&#8217;s $140 Billion Market Cap Gain Is Driven By Trump&#8217;s Victory And Higher Defense Spending Hope &#8211; Is The Stock Overvalued?</a>
Here are three ETFs with solid exposure to PLTR stock. We&#8217;ve picked those that could provide a balance of decent exposure and good liquidity for investors to consider.
<h2 class="wp-block-heading">REX AI Equity Premium Income ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIPI#NASDAQ">AIPI</a>)</h2>
The AIPI portfolio has 9.46% exposure to PLTR stock, translating into a $9.24 million position in Palantir. This ETF focuses on robotics and AI, which aligns well with Palantir's tech-driven solutions. 
With its hefty exposure, AIPI offers investors a strong bet on Palantir's growth potential. The ETF&#8217;s $25.38 AUM (assets under management) ensures decent liquidity.
<h2 class="wp-block-heading">Global X Defense Tech ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHLD#NYSE">SHLD</a>)</h2>
The SHLD portfolio has 7.82% exposure to PLTR stock &#8211; a solid amount for investors looking for a diversified defense tech ETF. The ETF holds $51.85 million across 1.24 million shares of Palantir. SHLD combines Palantir's presence in defense and intelligence sectors with other key players in aerospace and defense. 
With $430.87 million in AUM, this fund is well-positioned for liquidity while giving investors a reliable chunk of Palantir stock.
<h2 class="wp-block-heading">ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>)</h2>
Palantir also makes its mark in the ARKK, which has allocated nearly 5% of its portfolio to PLTR stock. With over $273 million across 6.53 million invested in Palantir shares, ARKK is a heavy hitter in the innovation space and is known for backing high-growth companies. The fund has over $6 billion in AUM, ensuring liquidity of investment.
Its exposure to Palantir fits neatly into its tech-focused portfolio, while the ETF's scale and liquidity ensure it remains a viable option for investors looking to tap into Palantir's future potential.
As Palantir moves closer to a Nasdaq listing and the possibility of joining the Nasdaq-100, these ETFs offer investors an opportunity to gain exposure to the company. 
With decent PLTR stock exposure and strong liquidity, these funds could be a smart choice for those looking to ride Palantir's potential growth.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/24/11/42058235/palantir-board-member-in-a-deleted-x-post-said-nasdaq-move-will-force-billions-in-etf-buying-and-deliver-tendies-heres-what-this-meme-stock-term-means">Palantir Board Member In A Deleted X Post Said Nasdaq Move Will &#8216;Force Billions In ETF Buying And Deliver Tendies&#8217;: Here&#8217;s What This Meme-Stock Term Means</a></li>
</ul>
Image: Shutterstock

Long Ideas

Broad U.S. Equity ETFs

Tech

Trading Ideas

ETFs

AIPI

ARKK

PLTR

SHLD

3 ETFs With PLTR Exposure To Consider As Nasdaq-100 Rebalance Looms

Macro Notification

General

Russia's Putin Says Russia Will Put This Weapon Into Service; Russian Missile Forces Commander Says New Russian Missile Can Hit Targets Throughout Europe

Whales with a lot of money to spend have taken a noticeably bullish stance on Constellation Energy.
Looking at options history for Constellation Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 54% of the investors opened trades with bullish expectations and 36% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $899,650 and 9, calls, for a total amount of $374,012.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $100.0 to $270.0 for Constellation Energy during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Constellation Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Constellation Energy's significant trades, within a strike price range of $100.0 to $270.0, over the past month.
<h3>Constellation Energy Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732294302_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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.1</td>
<td>$2.8</td>
<td>$2.8</td>
<td>$210.00</td>
<td>$708.4K</td>
<td>3.1K</td>
<td>2.5K</td>
</tr>
<tr>
<td>CEG</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$37.5</td>
<td>$37.4</td>
<td>$37.5</td>
<td>$270.00</td>
<td>$191.2K</td>
<td>95</td>
<td>60</td>
</tr>
<tr>
<td>CEG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$23.4</td>
<td>$21.6</td>
<td>$21.96</td>
<td>$240.00</td>
<td>$98.8K</td>
<td>1.2K</td>
<td>45</td>
</tr>
<tr>
<td>CEG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$156.5</td>
<td>$154.5</td>
<td>$156.5</td>
<td>$100.00</td>
<td>$46.9K</td>
<td>14</td>
<td>3</td>
</tr>
<tr>
<td>CEG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$18.6</td>
<td>$18.0</td>
<td>$18.6</td>
<td>$240.00</td>
<td>$40.5K</td>
<td>1.1K</td>
<td>354</td>
</tr>
</tbody>
</table>

<h3>About Constellation Energy</h3>
Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.
Following our analysis of the options activities associated with Constellation Energy, we pivot to a closer look at the company's own performance.
<h3>Where Is Constellation Energy Standing Right Now?</h3>
<ul>
<li>With a volume of 1,059,895, the price of CEG is down -0.29% at $251.11. </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 95 days.</li>
</ul>
<h3>Professional Analyst Ratings for Constellation Energy</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $273.5.
Unusual Options Activity Detected: Smart Money on the Move
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">Click here for access</a>. 
&#x2A; An analyst from BMO Capital persists with their Outperform rating on Constellation Energy, maintaining a target price of $291. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Constellation Energy with a target price of $270. 
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Outperform rating for Constellation Energy, targeting a price of $298. 
&#x2A; An analyst from Mizuho persists with their Neutral rating on Constellation Energy, maintaining a target price of $235. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Constellation Energy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

Market Whales and Their Recent Bets on CEG Options

Deep-pocketed investors have adopted a bearish approach towards Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CCJ usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Cameco. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 50% bearish. Among these notable options, 5 are puts, totaling $163,852, and 3 are calls, amounting to $121,930.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $70.0 for Cameco, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Cameco stands at 1011.14, with a total volume reaching 1,116.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Cameco, situated within the strike price corridor from $50.0 to $70.0, throughout the last 30 days.
<h3>Cameco Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732294297_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</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>CCJ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$7.2</td>
<td>$7.05</td>
<td>$7.05</td>
<td>$65.00</td>
<td>$59.2K</td>
<td>1.1K</td>
<td align="right">99</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$7.75</td>
<td>$7.6</td>
<td>$7.75</td>
<td>$55.00</td>
<td>$39.5K</td>
<td>144</td>
<td align="right">54</td>
</tr>
<tr>
<td>CCJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$2.59</td>
<td>$2.43</td>
<td>$2.47</td>
<td>$61.00</td>
<td>$37.1K</td>
<td>180</td>
<td align="right">164</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$12.15</td>
<td>$11.15</td>
<td>$11.9</td>
<td>$70.00</td>
<td>$35.6K</td>
<td>16</td>
<td align="right">31</td>
</tr>
<tr>
<td>CCJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$1.65</td>
<td>$1.62</td>
<td>$1.62</td>
<td>$60.00</td>
<td>$32.4K</td>
<td>483</td>
<td align="right">478</td>
</tr>
</tbody>
</table>

<h3>About Cameco</h3>
Cameco Corp is a provider of uranium needed to generate clean, reliable baseload electricity around the globe. one of those uranium producers. Cameco has three reportable segments, uranium, fuel services and Westinghouse. It derives maximum revenue from Uranium Segment. It has some projects namely; Millennium, Yeelirrie, Kintyre and Exploration. The company operates in Canada, Kazakhstan, Germany, Australia and United States.
In light of the recent options history for Cameco, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Where Is Cameco Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 1,446,780, with CCJ's price down by -2.39%, positioned at $59.48.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 76 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
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">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Cameco options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Cameco's Options: A Look at What the Big Money is Thinking

Whales with a lot of money to spend have taken a noticeably bullish stance on PayPal Holdings.
Looking at options history for PayPal Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) we detected 22 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $391,460 and 15, calls, for a total amount of $874,768.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $62.5 to $100.0 for PayPal Holdings over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
In terms of liquidity and interest, the mean open interest for PayPal Holdings options trades today is 7882.85 with a total volume of 10,819.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for PayPal Holdings's big money trades within a strike price range of $62.5 to $100.0 over the last 30 days.
<h3>PayPal Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732294292_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.57</td>
<td>$2.48</td>
<td>$2.5</td>
<td>$90.00</td>
<td>$161.2K</td>
<td>12.4K</td>
<td>1.5K</td>
</tr>
<tr>
<td>PYPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$11.0</td>
<td>$10.9</td>
<td>$11.0</td>
<td>$95.00</td>
<td>$160.6K</td>
<td>156</td>
<td>147</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.74</td>
<td>$2.66</td>
<td>$2.7</td>
<td>$90.00</td>
<td>$124.2K</td>
<td>12.4K</td>
<td>2.2K</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.9</td>
<td>$6.9</td>
<td>$6.9</td>
<td>$80.00</td>
<td>$103.5K</td>
<td>6.2K</td>
<td>13</td>
</tr>
<tr>
<td>PYPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$5.05</td>
<td>$4.95</td>
<td>$5.0</td>
<td>$82.50</td>
<td>$75.0K</td>
<td>3.7K</td>
<td>155</td>
</tr>
</tbody>
</table>

<h3>About PayPal Holdings</h3>
PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 426 million active accounts at the end of 2023. The company also owns Venmo, a person-to-person payment platform.
<h3>Current Position of PayPal Holdings</h3>
<ul>
<li>Trading volume stands at 1,745,695, with PYPL's price up by 1.78%, positioned at $86.33.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 75 days.</li>
</ul>
<h3>What Analysts Are Saying About PayPal Holdings</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $89.0.
Unusual Options Activity Detected: Smart Money on the Move
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">Click here for access</a>. 
&#x2A; An analyst from Goldman Sachs has decided to maintain their Neutral rating on PayPal Holdings, which currently sits at a price target of $87. 
&#x2A; Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for PayPal Holdings, targeting a price of $82. 
&#x2A; Consistent in their evaluation, an analyst from Canaccord Genuity keeps a Buy rating on PayPal Holdings with a target price of $96. 
&#x2A; Maintaining their stance, an analyst from RBC Capital continues to hold a Outperform rating for PayPal Holdings, targeting a price of $89. 
&#x2A; An analyst from Baird persists with their Outperform rating on PayPal Holdings, maintaining a target price of $91. 
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 PayPal Holdings with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

PYPL

Behind the Scenes of PayPal Holdings's Latest Options Trends

Trading Halt: Halt status updated at 11:50:00 AM ET: Quotation Resumption: IPO Security - Released for Quotation

Intuit Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) shares tanked in early trading on Friday, even after the company reported <a href="https://www.benzinga.com/news/earnings/24/11/42123997/intuit-shares-fall-after-q1-results-fy25-guidance-below-estimates">upbeat fiscal first-quarter results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<ul>
<li>Goldman Sachs <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58c6ab8db85e9300015f1ae0/kash-rangan">analyst Kash Rangan</a> maintained a Buy rating while raising the price target from $765 to $800.</li>
<li>Stifel <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/585beadbb5a482000151d186/brad-reback">analyst Brad Reback</a> reiterated a Buy rating while reducing the price target from $795 to $725.</li>
<li>Oppenheimer <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59f2359befacff0001706997/scott-schneeberger">analyst </a>Scott Schneeberger reaffirmed an Outperform rating while raising the price target from $712 to $722.</li>
<li>Piper Sandler <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/595e9280988ca80001bd91e0/arvind-ramnani">analyst Arvind Ramnani</a> maintained an Overweight rating while cutting the price target from $768 to $765.</li>
<li>Scotiabank <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6298be750c34880001d668d9/trevor-walsh">analyst Allan Verkhovski</a> reiterated a Sector Perform rating and price target of $700.</li>
<li>BMO Capital Markets analyst Daniel Jester reaffirmed an Outperform rating and price target of $760.</li>
<li>RBC Capital Markets <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5846fffaee7bf6000154d142/rishi-jaluria">analyst Rishi Jaluria</a> maintained an Outperform rating and price target of $760.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Goldman Sachs: Intuit reported better-than-expected results for its fiscal first quarter, with "early progress in Gen-AI," Rangan said in a note. The stock came under pressure on the company's fiscal second-quarter guidance coming in "a bit weaker" than expectations, he added.
The quarterly guidance shortfall is "primarily owing to non-Core Consumer Group desktop offering's promotional activities," pushing revenues from the second quarter to the second half of the year, the analyst stated. Management kept their full-year guidance "largely intact, suggesting that Consumer Group's desktop offering is likely to reaccelerate and has the potential for recapturing earnings leverage in 2H," he further wrote.
Stifel: Intuit generated "solid" quarterly results, highlighted by an acceleration of 360 basis points in QBO (QuickBooks Online) Accounting, Reback said.
The stock sell-off in Thursday's after-hours session was due to the second-quarter guidance, which was "impacted by an acceleration in near-term Tax marketing spending and the decision to push some Tax promotional activity to 3Q," he added.
Being a "clear beneficiary from stronger economic growth (rates and policy)" would allow Intuit to generate durable double-digit growth over coming years, "as up-market, Live and AI initiatives ramp," the analyst wrote.
Oppenheimer: Intuit's Global Business Solutions Group segment generated 9% year-on-year revenue growth, with SB Online Ecosystem growing revenue by 20%, Online Services by 19% and QuickBooks Online Accounting by 21%, Schneeberger said. Credit Karma recorded 29% year-on-year revenue growth, significantly higher than expected, he added.
"Intuit maintained FY25 segment growth guidance at a strong 16%–17% y/y," the analyst wrote. Management maintained full-year total revenue and earnings growth guidance at 12%-13% and 13%-14%, respectively, he further stated.
Piper Sandler: The company reported revenues of $3.28 billion, beating expectations by around $144 million, and earnings of $2.50 per share, 14 cents higher than estimates, Ramnani said. Growth was driven by growth at GBS Online Ecosystem accelerating to 20%, from 18% in the previous quarter, and at Credit Karma accelerating to 29%, versus 14% previously, he added.
Despite the revenue and margin beat, the company reiterated its full-year guidance, the analyst stated. "The company continues to make progress toward the "done for you experiences," which is powered by AI and automation," he further wrote.
Scotiabank: Intuit reported the strongest revenue beat since the first quarter of 2022, Verkhovski said in a note. He added that the company's earnings outperformance was "lower than what we are used to seeing."
The company's earnings were impacted by an earlier-than-usual start to its marketing campaigns for the tax season, the analyst stated. "We believe F2Q guidance coming in below consensus due to quarter-to-quarter shifts is just noise as INTU manages the business at an annual level," he further wrote.
BMO Capital Markets: Intuit generated 10% year-on-year revenue growth, reflecting 4.5% of upside against the mid-point of its guidance, Jester said. Revenues were driven by strong performances by QBO Ecosystem and Credit Karma, he added.
Although QBO ecosystem growth "topped our model by more than a point," some investors were hoping for a larger upside, given the magnitude of the pricing hikes in the business this year, the analyst stated. 
Credit Karma's growth benefited from "both improved supply from lenders and innovation which is supporting newer verticals such as insurance," he further wrote.
RBC Capital Markets: Although Intuit reported "decent" results, some trends "beneath the surface were mixed," Jaluria said. While the company's total revenues came in significantly higher than consensus, this outperformance was led by "lower-quality Credit Karma revenue," he added.
Management guided to second-quarter earnings well below consensus, "primarily driven by the timing of hiring and marketing initiatives pulled forward," the analyst wrote. The company reiterated its full-year guidance across the board, he further stated.
Price Action: Shares of Intuit had declined by 4.62% to $647.33 at the time of publication on Friday.
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/42137017/intuit-issues-weak-forecast-joins-reddit-and-other-big-stocks-moving-lower-in-fridays-pre-market-session">Intuit Issues Weak Forecast, Joins Reddit And Other Big Stocks Moving Lower In Friday&#8217;s Pre-Market Session</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Earnings Beats

Fintech news covering the emerging Financial Technology services sector

Fintech

Reiteration

Movers

INTU

Intuit Posts Q1 Beat, Shares Tank On Disappointing Outlook: Analyst Says: 'Trends Beneath The Surface Were Mixed'

Macro Economic Events

Global

Economics

Russia's Putin Says We Will Continue Hypersonic Ballistic Missile Tests; Putin Says Thursday's Firing Of New Missile Was Successful, We Will Continue Including In Combat Conditions; Hazel Tree Missile System Is Not Modernization Of Old Soviet Systems; Developing Such Systems Is Vital As We Face New Threats; No One Else Has Weapon Like This; New Weapon Can't Be Intercepted; Decision Has Been Taken To Start Serial Production Of New Missile; Russian Security Will Be Ensured

<a>Deere &amp; Co. </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>) shares inched higher in early trading on Friday, after the company reported <a href="https://www.benzinga.com/24/11/42119233/crude-oil-gains-15-deere-posts-better-than-expected-earnings">upbeat fiscal fourth-quarter results</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
<h1 class="wp-block-heading">Goldman Sachs On Deere &amp; Co.</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58ac6423b85e930001e63864/jerry-revich">Analyst Jerry Revich</a> maintained a Buy rating while raising the price target from $466 to $504.
Deere's fiscal fourth-quarter results revealed sa ignificant inventory destock of $2.6 billion "to bring dealer inventories to levels approaching prior trough," Revich said in a note. The used agricultural machinery market showed "signs of stabilization," as inventories down 1% over the past six months, he added.
The company's initial 2025 guidance reflects "40%+ decremental margins vs. 36% in 4Q24 and 36% for the full year," the analyst wrote. In precision agriculture, adoption rates have continued to rise across Deere's portfolio and revenues in this business could reach around $5 billion this year, he further stated.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
<h1 class="wp-block-heading">Oppenheimer On Deere &amp; Co.</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/6033dff0bb72670001bd2ade/kristen-owen">Analyst Kristen Owen</a> reiterated an Outperform rating while lifting the price target from $448 to $477.
Deere reported earnings of $4.55 per share on revenues of $11,143 million, higher than consensus of $3.87 per share and $11,052M, respectively, Owens said. "DE executed against its targeted underproduction in F4Q, enabling it to enter FY25 from a position of relative strength," he added.
The outlook is still concerning, with global agriculture fundamentals likely to deteriorate further in 2025, the analyst stated. "That said, the guide embeds an outlook for production cadence converging with demand, muted but positive price and price/cost, and solid cost execution," he further wrote.
<h1 class="wp-block-heading">BMO Capital Markets On Deere &amp; Co.</h1>
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5981fdcac1f558000155e852/joel-jackson">Analyst</a><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5981fdcac1f558000155e852/joel-jackson"> Joel Jackson</a> reaffirmed a Market Perform rating and a price target of $400.
The company's net income guidance range of $5 billion to $5.5 billion represents a contraction of around 50% from the 2023 peak, Jackson said. Management's commentary suggested performance could turn flattish or positive "at some point" in the second half of fiscal 2025, he added.
"Used equipment dynamic still normalizing for 1-2 year old combines/tractors in N. America," the analyst wrote. He further stated that fiscal 2025 earnings trough is expected to be below $20 per share.
DE Price Action: Shares of Deere &amp; Co. had risen by 1.46% to $443.92 at the time of publication on Friday.
Read More: • <a href="https://www.benzinga.com/24/11/42137942/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin">Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin</a>
Photo: Shutterstock

Deere Posts Q4 Beat: 2025 Outlook Isn't Rosy But Company Has 'Relative Strength,' Analysts Say

Jake Paul was victorious in <a href="https://www.benzinga.com/general/sports/24/11/42022601/mike-tyson-vs-jake-paul-netflixs-explosive-boxing-event-ends-with-pauls-victory">Friday&#8217;s highly anticipated Netflix boxing match against Mike Tyson</a> and his real estate portfolio seems to outshine the boxing legend&#8217;s holdings too. The 27-year-old YouTuber-turned-boxer won unanimously and bought a $16 million compound that dwarfs Tyson's Nevada residence.
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<li>Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> you can become an investor for $0.80 per share today.</a></li>
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Paul's recently acquired estate in Dorado, Puerto Rico, shows the social media star's success outside the ring. The eight-bedroom, eight-bathroom compound underwent $2.1 million in renovations after its 2023 purchase. In a recent YouTube tour titled &#8220;My new $20,000,000 house tour,&#8221; Paul highlighted his changes, including a redesigned entrance for improved energy flow.
According to Realtor.com, the property includes several distinctive amenities, such as a 40-person hot tub and dedicated office space for Paul&#8217;s content production team. His garage also received a custom makeover to accommodate his growing car collection.
By comparison, Tyson's real estate footprint appears modest. The former heavyweight champion's current residence, a $2.5 million mansion in Henderson, Nevada, has appreciated to an estimated $4.7 million, according to Realtor.com. The 8,000-square-foot home, where he lives with his wife, Lakiha Spicer and their children, has six bedrooms and six bathrooms.
Trending: This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a>
According to the report, Tyson's real estate history includes a previous 19,500-square-foot estate in Southington, Ohio, which he sold for $1.3 million during financial difficulties in the late 1990s. The 58-acre property's subsequent owner never occupied it, serving time in prison for money laundering.
The record-breaking<a href="https://www.benzinga.com/24/11/42025252/jake-paul-vs-mike-tyson-boxing-match-sets-record-breaking-night-for-netflix"> boxing match</a>, which earned Paul roughly $40 million and Tyson $20 million, further widens the wealth gap between the two fighters. According to CBS News, Paul said he wanted to fight again after the victory, targeting a championship title within two years. "I truly believe in my skills, my ability and my power," he said, setting his sights on the cruiserweight division.
While Tyson acknowledged the loss gracefully, posting &#8220;This is one of those situations when you lost but still won&#8221; on X, formerly Twitter.
Read Next:
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<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
</ul>

Real Estate

Netflix Boxing Battle Decided In The Ring, But Paul's $16M Mansion Takes The Real Estate Crown

Investors with a lot of money to spend have taken a bearish stance on ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with ASML, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 40 uncommon options trades for ASML Holding.
This isn't normal.
The overall sentiment of these big-money traders is split between 37% bullish and 50%, bearish.
Out of all of the special options we uncovered, 17 are puts, for a total amount of $1,038,822, and 23 are calls, for a total amount of $1,378,563.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $600.0 to $960.0 for ASML Holding over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for ASML Holding's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across ASML Holding's significant trades, within a strike price range of $600.0 to $960.0, over the past month.
<h3>ASML Holding Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732293644_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 align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ASML</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$108.4</td>
<td>$105.9</td>
<td>$108.4</td>
<td>$700.00</td>
<td>$227.6K</td>
<td align="right">604</td>
<td align="right">21</td>
</tr>
<tr>
<td>ASML</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$39.0</td>
<td>$38.4</td>
<td>$38.58</td>
<td>$640.00</td>
<td>$192.9K</td>
<td align="right">648</td>
<td align="right">100</td>
</tr>
<tr>
<td>ASML</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$89.7</td>
<td>$87.0</td>
<td>$89.7</td>
<td>$750.00</td>
<td>$188.3K</td>
<td align="right">95</td>
<td align="right">21</td>
</tr>
<tr>
<td>ASML</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$48.8</td>
<td>$48.5</td>
<td>$48.8</td>
<td>$700.00</td>
<td>$102.4K</td>
<td align="right">269</td>
<td align="right">23</td>
</tr>
<tr>
<td>ASML</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$27.4</td>
<td>$25.4</td>
<td>$25.4</td>
<td>$700.00</td>
<td>$93.9K</td>
<td align="right">932</td>
<td align="right">38</td>
</tr>
</tbody>
</table>

<h3>About ASML Holding</h3>
ASML is the leader in photolithography systems used in the manufacturing of semiconductors. Photolithography is the process in which a light source is used to expose circuit patterns from a photo mask onto a semiconductor wafer. The latest technological advances in this segment allow chipmakers to continually increase the number of transistors on the same area of silicon, with lithography historically representing a high portion of the cost of making cutting-edge chips. ASML outsources the manufacturing of most of its parts, acting like an assembler. ASML's main clients are TSMC, Samsung, and Intel.
Following our analysis of the options activities associated with ASML Holding, we pivot to a closer look at the company's own performance.
<h3>ASML Holding's Current Market Status</h3>
<ul>
<li>Trading volume stands at 482,394, with ASML's price down by -0.55%, positioned at $668.45.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 68 days.</li>
</ul>
Unusual Options Activity Detected: Smart Money on the Move
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">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ASML Holding options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

ASML

ASML Holding's Options Frenzy: What You Need to Know

IPOs

CASK

Heritage Distilling Opens For Trade At $4/Share; IPO Priced At $4/Share On 1.6875M Shares

Oppenheimer analyst Mitchel Penn maintains Oaktree Specialty Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCSL#NASDAQ">OCSL</a>) with a Perform and maintains $18 price target.

OCSL

Oppenheimer Maintains Perform on Oaktree Specialty Lending, Maintains $18 Price Target

QMMM

QMMM Shares Resume Trade

Nano Labs Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) shares rose on Friday after the company launched its second-generation<a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener"> V Series crypto mining products.</a>
Powered by the advanced Cuckoo 3.0 chips, the V2, V2H, and V2X models set new benchmarks for performance and energy <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42136093/nano-labs-launches-second-generation-v-series-with-5x-power-efficiency-boost" rel="noreferrer noopener">efficiency in the crypto-mining industry.</a>
The V2H and V2X models deliver nearly four times the computing power of their first-generation counterparts, significantly enhancing power efficiency.
This makes the V2 Series one of the most efficient mining solutions on the market. In addition to performance improvements, the V2 Series features upgraded hardware, enhanced heat dissipation systems, and better resistance to high temperatures, ensuring more stable and cost-effective operation.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/econ-s/24/11/42138717/dollar-hits-2-year-highs-as-europes-recession-signals-spark-euro-pound-sell-offs" rel="noreferrer noopener"> Dollar Hits 2-Year High As European Recession Fears Hammer Euro, Pound</a>
Nano Labs, which began crypto mining chip design in 2022, initially launched the B1L product featuring the Darkbird 1.0 chip for BTC mining. This was followed by the first-generation V1 Series, powered by the Cuckoo 2.0 chip for ETH mining.
Recently, on November 18, Nano Labs received a notification letter from the Listing Qualifications Department of Nasdaq indicating that it has regained compliance with the <a target="_blank" href="https://www.benzinga.com//node/42075274" rel="noreferrer noopener">minimum bid price requirement.</a>
Also, earlier this week, Nano Labs revealed its intention to allocate some excess liquidity to Bitcoin and hold it as a <a target="_blank" href="https://www.benzinga.com//node/42034251" rel="noreferrer noopener">long-term strategic reserve asset.</a>
Price Action: NA shares are trading higher by 52.9% to $6.68 at last check Friday.
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</ul>

Equities

Chinese Fabless Integrated Circuit Company Nano Labs Stock Skyrockets With New V Series Launch: Details

<a href="https://www.bloomberg.com/news/articles/2024-11-22/facebook-appeal-over-shareholder-suit-dropped-by-supreme-court">https://www.bloomberg.com/news/articles/2024-11-22/facebook-appeal-over-shareholder-suit-dropped-by-supreme-court</a>
&nbsp;
The US Supreme Court dismissed an appeal by <a href="https://www.bloomberg.com/quote/META:US">Meta Platforms Inc.</a>, leaving it to face a lawsuit that accuses the company of misleading shareholders about the data-harvesting scandal involving political consulting firm <a href="https://www.bloomberg.com/quote/1584842D:LN">Cambridge Analytica</a>.
Investors claim the company, then known as Facebook, inflated share prices by failing to adequately disclose the risk that its user data would be misused. The shareholders say revelations about the scandal contributed to two 2018 price drops that cost the company more than $200 billion in market value.

Legal

'Meta Must Face Investor Suit After Supreme Court Drops Case; Company Faces Allegations Over Data-Harvesting Scandal; Supreme Court Heard Arguments On Meta's Appeal On Nov. 6' - Bloomberg News

Trump Media &amp; Technology Group Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) boasts an 82.88% gain over the past year. Yet recent months have tested the resolve of its bulls, with a 30.17% dip over six months and a 9.45% slide <a href="https://www.benzinga.com/topic/donald-trump">in the last month</a>.
The Truth Social parent company is now exploring a cryptocurrency payment service, TruthFi, as <a href="https://www.ft.com/content/d7f921d5-3668-4b6b-a98d-2681ad73610f">reported</a> by the Financial Times. 
Is this the diversification move the stock needs to regain its upward momentum?
Read Also: <a href="https://www.benzinga.com/general/social-media/24/11/42124007/trump-media-trademark-filing-for-truthfi-hints-at-potential-digital-wallets-asset-trading">Trump Media Trademark Filing For &#8216;TruthFi&#8217; Hints At Potential Digital Wallets, Asset Trading</a>
<h2 class="wp-block-heading">DJT Stock Chart: Bulls &amp; Bears Playing Tug-O-War</h2>
DJT's technical indicators paint a mixed picture. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="490" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22103058/Screenshot-2024-11-22-at-9.00.42-PM.png" alt="" class="wp-image-661165" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22103058/Screenshot-2024-11-22-at-9.00.42-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/22103058/Screenshot-2024-11-22-at-9.00.42-PM-300x234.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
DJT stock, at $30.77, sits above its eight-day simple moving average (SMA) of $29.75, offering a short-term bullish signal. 
Yet, its 20-day SMA of $33.53 looms as a resistance point, giving a bearish signal. The 50-day SMA at $26.60 reinforces a bullish undertone for the intermediate term, but the 200-day SMA at $34.45 suggests broader bearish pressure.
Momentum indicators add complexity: the moving average convergence/divergence (MACD) indicator sits at 0.18, a bullish signal, while the relative strength index (RSI) at 50.16 hovers in neutral territory. 
DJT stock traders are likely watching closely for any confirmation of a breakout or breakdown from these levels.
<h2 class="wp-block-heading">TruthFi: Crypto Catalyst Or Diversification Dilemma?</h2>
Trump Media's trademark application for TruthFi hints at ambitions to leverage the crypto wave. If launched, TruthFi could extend beyond payment processing to include trading and asset management, positioning DJT as more than a social media play. The nascent nature of these plans — compounded by broader market skepticism — leaves the timeline and impact uncertain.
Trump Media is also reportedly interested in buying Bakkt. Shares of the crypto custody startup skyrocketed 160% on the rumors, but no concrete deal has materialized.
President-elect Donald Trump's signaling of crypto-friendly regulation will likely benefit DJT stock as well. 
<h2 class="wp-block-heading">What's Next For DJT Stock?</h2>
While bulls may see Trump Media's entry into crypto as the next growth catalyst, bears argue the stock's technical resistance and uncertain fundamentals warrant caution. 
For now, traders find themselves at an inflection point, waiting to see whether TruthFi's promise can materialize into profits — and whether DJT can move the needle in either direction.
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Image: Shutterstock

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

Cryptocurrency

Social Media

Technicals

Trump Media's TruthFi Gamble Tests Bulls And Bears

<a href="https://www.wsj.com/health/healthcare/sanofi-plans-to-change-hospital-drug-discount-program-18557f6d">https://www.wsj.com/health/healthcare/sanofi-plans-to-change-hospital-drug-discount-program-18557f6d</a>
&nbsp;
An industry fight against <a href="https://www.wsj.com/articles/340b-drug-discounts-hospitals-low-income-federal-program-11671553899?mod=article_inline&amp;mod=article_inline">lucrative drug discounts</a> for hospitals is intensifying as another drugmaker joins the battle: <a href="https://www.wsj.com/market-data/quotes/FR/XPAR/SAN">Sanofi</a>.
The pharmaceutical company plans to change its policy on how it gives discounts to certain hospitals. Sanofi will require institutions to provide pharmacy and medical claims information before receiving federally mandated discounts. The company plans to send a letter, which was reviewed by The Wall Street Journal, to hospitals outlining its new model on Friday, according to people familiar with the matter.&nbsp;

Biotech

'Sanofi Plans To Change Hospital Drug-Discount Program; French Company Looks To Rein In How It Gives Discounts In Federal Program Designed To Help Hospitals That Serve Low-income And Uninsured Patients' - WSJ

QMMM Shares Halted On Circuit Breaker To The Downside, Stock Now Up 30.3%

Susquehanna Community Financial goes ex-dividend tomorrow

Susquehanna Community Financial, Inc. goes ex-dividend tomorrow

Susquehanna Community Financial, Inc. goes ex dividend tomorrow

Susquehanna Community Financial, Inc. goes ex dividend Monday

<a href="https://www.cpr.ca/">Canadian Pacific</a> (NYSE:<a class="ticker" href="/stock/CP#NYSE">CP</a>) <a href="https://www.freightwaves.com/news/railroad-megamerger-could-be-boom-for-shippers">announced plans</a> to acquire <a href="https://www.kcsouthern.com/">Kansas City Southern</a> (NYSE:<a class="ticker" href="/stock/KSU#NYSE">KSU</a>) for $29 billion on Sunday morning. Here are five initial impressions from Wall Street transportation analysts about this proposed transaction.

<h3 id="h-wall-street-likes-the-deal">Wall Street likes the deal</h3>

The merger of CP and Kansas City Southern (KCS) would be combining two of the smallest Class I railroads. It would also be integrating two railroads that are striving to reach an operating ratio (OR) in the mid-50s. OR, represented in a percentage such as 55%, is a tool investors use to gauge the financial health of a company, with a lower OR implying improved financial health.&nbsp;

&quot;We believe the fit of the two rail systems and strategic logic is good. Both railroads have track records of delivering volume growth and the significant extension of CP&#39;s reach should allow meaningful revenue synergies,&quot; said a Monday note from UBS (NYSE:<a class="ticker" href="/stock/UBS#NYSE">UBS</a>) transportation analyst Tom Wadewitz.

However, like other observers, Wall Street will also be watching how the <a href="https://www.stb.gov/" rel="noreferrer noopener" target="_blank">Surface Transportation Board</a>, the regulatory body that would approve the merger, <a href="https://www.freightwaves.com/news/surface-transportation-board-chair-weighs-in-on-proposed-mergers" rel="noreferrer noopener" target="_blank">considers CP&#39;s proposed acquisition</a>, noting that the board has been mindful of shippers&#39; concerns in recent and ongoing proceedings.

<h3 id="h-could-the-third-time-be-a-charm">Could the third time be a charm?</h3>

CP has considered merging with two other Class I railroads &mdash; <a href="https://www.csx.com/" rel="noreferrer noopener" target="_blank">CSX</a> (NYSE:<a class="ticker" href="/stock/CSX#NYSE">CSX</a>) and <a href="http://www.nscorp.com/" rel="noreferrer noopener" target="_blank">Norfolk Southern</a> (NYSE:<a class="ticker" href="/stock/NSC#NYSE">NSC</a>) &mdash; in the past seven years. But this merger would be different because it would be with a much smaller railroad revenuewise.

&quot;The regulatory consideration is an important one because in 2016, during CP&#39;s attempted takeover of Norfolk Southern (NSC), the attempt ended after heightened scrutiny from the Obama administration on antitrust issues,&quot; said Deutsche Bank (NYSE:<a class="ticker" href="/stock/DB#NYSE">DB</a>) analyst Amit Mehrotra. &quot;But we note at that time NSC rejected CP&#39;s offer, whereas [this] announcement is a friendly deal, and KSU is only about one-fourth the size of NSC from a revenue standpoint &mdash; i.e., pro forma for the deal CPKC will still be the smallest Class I rail.&quot; CPKC stands for the name for the new company.&nbsp;

<h3 id="h-could-this-result-in-more-mergers-and-acquisitions">Could this result in more mergers and acquisitions?</h3>

Although analysts are uncertain whether the CP-KCS transaction will result in a wave of mergers and acquisitions with the freight railroad industry, the proposed acquisition points to an industry that seeks to pivot to growth after implementing <a href="https://www.freightwaves.com/news/what-is-precision-scheduled-railroading-psr" rel="noreferrer noopener" target="_blank">precision scheduled railroading</a> (PSR), an operational tool that seeks to streamline operations and cut costs.&nbsp;

&quot;This transaction could get other railroads thinking about the urge to merge. Aside from other mergers, CPKC is targeting nearly $800 [million] in revenue synergies by 2025. These are likely to be spread fairly evenly over the time frame and come from three main buckets: intermodal/automotive, bulk and carload,&quot; said Cowen (NASDAQ:<a class="ticker" href="/stock/COWN#NASDAQ">COWN</a>) analyst Jason Seidl in a Monday note. &quot;Some of these wins will undoubtedly be taken off the highway as a complete interline service should make for a more reliable rail product. On its deal call, management mentioned that it plans to offer new services as well due to the increased reach and specifically mentioned some routes east of Chicago. Some of these could be taken from other rail operators in our view.&quot;

Bascome Majors, analyst for Susquehanna Financial Group (OTC:<a class="ticker" href="/stock/SQCF#OTC">SQCF</a>), said, &quot;To be clear, we wouldn&#39;t expect other Class I deals to be announced near term, with executives, boards and advisers of other rails closely watching the CP-KSU litmus test for the STB&#39;s current merger appetite before diving in. But if CP-KSU were to show signs of regulatory traction, a full-fledged final round of Class I consolidation could follow in 2022-2025.&quot;

<h3 id="h-which-railroads-would-be-affected-by-this">Which railroads would be affected by this?</h3>

Competing Canadian railway <a href="https://www.cn.ca/" rel="noreferrer noopener" target="_blank">CN</a> (NYSE:<a class="ticker" href="/stock/CNI#NYSE">CNI</a>) is likely to be affected by the merger since it has a T-shaped network consisting of the two Canadian coasts and the U.S. Gulf Coast.&nbsp; The CP-KCS combination would also have a T-shaped network.

But <a href="http://www.up.com/" rel="noreferrer noopener" target="_blank">Union Pacific</a> (NYSE:<a class="ticker" href="/stock/UNP#NYSE">UNP</a>) could face a potential share shift, particularly for automotive and intermodal traffic, because of its cross-border network with Mexico. <a href="https://www.bnsf.com/" rel="noreferrer noopener" target="_blank">BNSF</a> (NYSE:<a class="ticker" href="/stock/BRK#NYSE">BRK</a>) could also be exposed as well to potential competition for grain transport in the Upper Midwest.

&quot;The potential combination of CP and KSU would create a stronger north-south railroad competitor to UNP and CNI,&quot; Wadewitz said. &quot;UNP has an efficient route structure from Chicago to Texas and the border at Laredo and CP/KSU would also become a stronger competitor on traffic running north-south in the U.S. We would expect CP and KSU to move a portion of their interchange traffic with other railroads onto the new combined system if the deal is approved.&quot;

<h3 id="h-but-there-is-still-a-lot-of-regulatory-uncertainty">But there is still a lot of regulatory uncertainty</h3>

Despite initial expectations that STB would likely approve the deal, industry consolidation in the 1980s and 1990s has led to a field consisting of seven Class I railroads. Regulators &mdash; and shippers especially &mdash; are wary of additional consolidation.&nbsp;

&quot;To be clear, we do believe the STB will ultimately approve the CP-KSU merger. But we&#39;re also prepared for the process to drag on beyond the mid-2022 approval timeline management laid out today, with an approval potentially including conditions offering modest concessions to customers and competitors,&quot; Majors said.&nbsp;

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<a href="https://www.freightwaves.com/news/author/joannamarsh" rel="noreferrer noopener" target="_blank">Click here for more FreightWaves articles by Joanna Marsh</a>.

Related articles:

<a href="https://www.freightwaves.com/news/surface-transportation-board-chair-weighs-in-on-proposed-mergers" rel="noreferrer noopener" target="_blank">Surface Transportation Board chair weighs in on proposed mergers</a>

<a href="https://www.freightwaves.com/news/railroad-megamerger-could-be-boom-for-shippers" rel="noreferrer noopener" target="_blank">Railroad megamerger could be boon for shippers</a>

<a href="https://www.freightwaves.com/news/breaking-canadian-pacific-intends-to-acquire-kansas-city-southern" rel="noreferrer noopener" target="_blank">Canadian Pacific intends to acquire Kansas City Southern for $29B</a>

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