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Truleum Inc is an oil and gas company dedicated to acquiring and developing abandoned wellbores. The company utilizes advanced technologies to revitalize to become economically viable assets.

Truleum Inc

Goldman Sachs analyst Stephen Laszczyk maintains TKO Group Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKO#NYSE">TKO</a>) with a Buy and raises the price target from $132 to $138.

News

Price Target

Analyst Ratings

Goldman Sachs Maintains Buy on TKO Group Holdings, Raises Price Target to $138

Arthur J. Gallagher&nbsp;&amp; Co. today announced that its alternative risk and capital solutions subsidiary, Artex, has acquired Fairlawn, Ohio-based RIBV Holdings, LLC, and its subsidiaries, collectively doing business as Risk International. Terms of the transaction were not disclosed.

Arthur J. Gallagher & Co. Acquires Risk International; Terms Of The Transaction Were Not Disclosed

Deep-pocketed investors have adopted a bullish approach towards AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</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 APP usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 17 extraordinary options activities for AppLovin. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 52% leaning bullish and 17% bearish. Among these notable options, 2 are puts, totaling $112,680, and 15 are calls, amounting to $579,453.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $50.0 and $132.0 for AppLovin, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in AppLovin's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to AppLovin's substantial trades, within a strike price spectrum from $50.0 to $132.0 over the preceding 30 days.
<h3>AppLovin 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727889422_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 style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>APP</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$15.2</td>
<td>$15.0</td>
<td>$15.0</td>
<td>$125.00</td>
<td>$87.0K</td>
<td style="text-align: right;">70</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$3.3</td>
<td>$3.1</td>
<td>$3.3</td>
<td>$132.00</td>
<td>$56.0K</td>
<td style="text-align: right;">30</td>
<td style="text-align: right;">460</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/18/25</td>
<td>$42.5</td>
<td>$42.0</td>
<td>$42.5</td>
<td>$100.00</td>
<td>$42.5K</td>
<td style="text-align: right;">912</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$82.1</td>
<td>$82.1</td>
<td>$82.1</td>
<td>$50.00</td>
<td>$41.0K</td>
<td style="text-align: right;">200</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>APP</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$82.9</td>
<td>$82.1</td>
<td>$82.1</td>
<td>$50.00</td>
<td>$41.0K</td>
<td style="text-align: right;">200</td>
<td style="text-align: right;">15</td>
</tr>
</tbody>
</table>

<h3>About AppLovin</h3>
AppLovin Corp is a mobile app technology company. It focuses on growing the mobile app ecosystem by enabling the success of mobile app developers. The company's software solutions provide tools for mobile app developers to grow their businesses by automating and optimizing the marketing and monetization of their applications.
After a thorough review of the options trading surrounding AppLovin, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of AppLovin</h3>
<ul>
<li>Currently trading with a volume of 925,725, the APP's price is up by 0.74%, now at $131.62. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 35 days.</li>
</ul>
<h3>Professional Analyst Ratings for AppLovin</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $135.6.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from UBS has elevated its stance to Buy, setting a new price target at $145. 
&#x2A; An analyst from B of A Securities persists with their Buy rating on AppLovin, maintaining a target price of $120. 
&#x2A; In a cautious move, an analyst from Macquarie downgraded its rating to Outperform, setting a price target of $150. 
&#x2A; Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on AppLovin with a target price of $155. 
&#x2A; An analyst from Jefferies has decided to maintain their Buy rating on AppLovin, which currently sits at a price target of $108. 
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 AppLovin options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Markets

AppLovin Unusual Options Activity For October 02

Financial giants have made a conspicuous bearish move on Johnson &amp; Johnson. Our analysis of options history for Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) revealed 8 unusual trades.
Delving into the details, we found 25% of traders were bullish, while 75% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $294,749, and 4 were calls, valued at $638,264.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $155.0 and $162.5 for Johnson &amp; Johnson, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Johnson &amp; Johnson options trades today is 2676.43 with a total volume of 5,256.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Johnson &amp; Johnson's big money trades within a strike price range of $155.0 to $162.5 over the last 30 days.
<h3>Johnson &amp; Johnson Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727889417_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>JNJ</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$2.61</td>
<td>$2.5</td>
<td>$2.52</td>
<td>$162.50</td>
<td>$504.0K</td>
<td>761</td>
<td>2.0K</td>
</tr>
<tr>
<td>JNJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$1.23</td>
<td>$1.22</td>
<td>$1.23</td>
<td>$160.00</td>
<td>$128.4K</td>
<td>1.0K</td>
<td>380</td>
</tr>
<tr>
<td>JNJ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$1.29</td>
<td>$1.28</td>
<td>$1.28</td>
<td>$160.00</td>
<td>$103.8K</td>
<td>1.0K</td>
<td>2.2K</td>
</tr>
<tr>
<td>JNJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$2.92</td>
<td>$2.91</td>
<td>$2.92</td>
<td>$162.50</td>
<td>$55.7K</td>
<td>30</td>
<td>345</td>
</tr>
<tr>
<td>JNJ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$11.0</td>
<td>$10.85</td>
<td>$10.85</td>
<td>$155.00</td>
<td>$45.5K</td>
<td>3.2K</td>
<td>95</td>
</tr>
</tbody>
</table>

<h3>About Johnson &amp; Johnson</h3>
Johnson &amp; Johnson is the world's largest and most diverse healthcare firm. It has two divisions: pharmaceutical and medical devices. These now represent all of the company's sales following the divestment of the consumer business, Kenvue, in 2023. The drug division focuses on the following therapeutic areas: immunology, oncology, neurology, pulmonary, cardiology, and metabolic diseases. Geographically, just over half of total revenue is generated in the United States.
Having examined the options trading patterns of Johnson &amp; Johnson, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Johnson &amp; Johnson</h3>
<ul>
<li>Trading volume stands at 2,469,466, with JNJ's price down by -0.48%, positioned at $161.21.</li>
<li>RSI indicators show the stock to be may be approaching oversold.</li>
<li>Earnings announcement expected in 13 days.</li>
</ul>
<h3>What The Experts Say On Johnson &amp; Johnson</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 $207.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; In a cautious move, an analyst from RBC Capital downgraded its rating to Outperform, setting a price target of $175. 
&#x2A; An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $215. 
&#x2A; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $215. 
&#x2A; In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $215. 
&#x2A; Reflecting concerns, an analyst from Cantor Fitzgerald lowers its rating to Overweight with a new price target of $215.
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 Johnson &amp; Johnson options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

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

Investors with a lot of money to spend have taken a bearish stance on GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</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 GE, 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 19 uncommon options trades for GE Aero.
This isn't normal.
The overall sentiment of these big-money traders is split between 26% bullish and 47%, bearish.
Out of all of the special options we uncovered, 13 are puts, for a total amount of $806,587, and 6 are calls, for a total amount of $930,140.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $130.0 to $260.0 for GE Aero over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
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 GE Aero'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 GE Aero's whale trades within a strike price range from $130.0 to $260.0 in the last 30 days. 
<h3>GE Aero Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727889412_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$5.8</td>
<td>$5.65</td>
<td>$5.8</td>
<td>$190.00</td>
<td>$288.2K</td>
<td>10.3K</td>
<td>1.8K</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$5.5</td>
<td>$5.35</td>
<td>$5.35</td>
<td>$185.00</td>
<td>$264.8K</td>
<td>2.9K</td>
<td>505</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/01/24</td>
<td>$6.8</td>
<td>$6.25</td>
<td>$6.45</td>
<td>$190.00</td>
<td>$170.2K</td>
<td>264</td>
<td>321</td>
</tr>
<tr>
<td>GE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/25/24</td>
<td>$5.05</td>
<td>$4.75</td>
<td>$4.75</td>
<td>$190.00</td>
<td>$118.7K</td>
<td>10.3K</td>
<td>252</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$75.4</td>
<td>$73.1</td>
<td>$74.43</td>
<td>$260.00</td>
<td>$96.7K</td>
<td>35</td>
<td>25</td>
</tr>
</tbody>
</table>

<h3>About GE Aero</h3>
GE Aerospace is the global leader in designing, manufacturing, and servicing large aircraft engines, along with partner Safran in their CFM joint venture. With its massive global installed base of nearly 70,000 commercial and military engines, GE Aerospace earns most of its profits on recurring service revenue of that equipment, which operates for decades. GE Aerospace is the remaining core business of the company formed in 1892 with historical ties to American inventor Thomas Edison; that company became a storied conglomerate with peak revenue of $130 billion in 2000. GE spun off its appliance, finance, healthcare, and wind and power businesses between 2016 and 2024.
<h3>Where Is GE Aero Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,291,609, the price of GE is up by 0.55%, reaching $187.33.</li>
<li>Current RSI values indicate that the stock is is currently neutral between overbought and oversold.</li>
<li>Next earnings report is scheduled for 20 days from now.</li>
</ul>
<h3>What The Experts Say On GE Aero</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $206.5.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Bernstein lowers its rating to Outperform with a new price target of $201. 
&#x2A; An analyst from Deutsche Bank persists with their Buy rating on GE Aero, maintaining a target price of $212. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for GE Aero, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Smart Money Is Betting Big In GE Aero Options

Deutsche Bank analyst Krisztina Katai maintains Nike (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>) with a Buy and lowers the price target from $95 to $92.

Deutsche Bank Maintains Buy on Nike, Lowers Price Target to $92

WIIM

ENVX

Enovix shares are trading higher after the company announced the beginning of its EX-1M battery cells shipment to customers from Malaysia.

Enovix Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>) shares jumped on Wednesday after the company disclosed that it began shipping EX-1M battery cell samples from its <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41139857/enovix-begins-shipment-of-battery-cells-to-customers-from-malaysia-fab" rel="noreferrer noopener">new Agility Line in Malaysia last week</a>.
This milestone follows the initial shipment of samples from Fab1 in California and the opening of the high-volume Fab2 in Malaysia this summer.
The company has completed internal UN38.3 certification for the shipping cells, which ensures compliance with the United Nations standard for safely transporting lithium-ion batteries, adhering to stringent international safety and abuse tolerance requirements.
Following the shipment of samples in the third quarter of 2024, the company plans to begin high-volume production in 2025.
Ajay Marathe, COO of Enovix, stated, &#8220;This success with the Agility line is an encouraging early indicator as we prepare for the high-volume line, which is on track for Site Acceptance Testing (SAT) completion.&#8221;
In August, &nbsp;Enovix announced that it signed a&nbsp;collaboration agreement with a Fortune 200 company to provide <a target="_blank" href="https://www.benzinga.com/news/24/08/40110034/whats-going-on-with-enovix-stock-thursday" rel="noreferrer noopener">silicon batteries for the IoT product category</a>.&nbsp;
The company also&nbsp;disclosed in July that it signed a Memorandum of Understanding (MOU) with a high-performance, global automotive OEM aimed at scaling the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g40080434/enovix-signs-mou-with-global-high-performance-automotive-oem" rel="noreferrer noopener">Enovix cell architecture for the EV market.</a>
Price Action: ENVX shares are up 13.5% at $9.735&nbsp;at the last check Wednesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41144884" target="_blank" rel="noreferrer noopener">Ford&#8217;s US Sales Edge Up In Q3; EV Sales Continue To Climb</a></li>
</ul>

Equities

Mid Cap

Movers

Why Is Battery Company Enovix Stock Jumping On Wednesday?

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Warner Bros. Discovery, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) HBO Go and Walt Disney Co.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) Disney+ were affected by a law signed by President Ferdinand Marcos Jr. on Wednesday imposed a <a href="https://www.pna.gov.ph/articles/1234557" target="_blank" rel="noreferrer noopener">12% value-added tax</a> (VAT) on non-resident digital service providers to bring them up to par with local providers.
The law also affected Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google, Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) and Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).
The VAT on foreign digital services will likely contribute 105 billion pesos in revenue in the next five years.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/40840759/charter-warner-bros-deal-warner-adds-max-to-spectrum-tv-charter-pays-more-for-premium-channels" rel="noreferrer noopener">Charter-Warner Bros Deal: Warner Adds Max To Spectrum TV, Charter Pays More For Premium Channels</a>
Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. said the collected taxes go to the government&#8217;s infrastructure and social welfare services programs.
Streaming giant Netflix&#8217;s stock has increased 87% in the past 12 months as it continues to win market share with its diverse slate of content. JP Morgan&#8217;s Doug Anmuth highlighted <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40860759/netflixs-ad-tier-expansion-and-password-crackdown-fuel-revenue-growth-jp-morgan-ana" target="_blank" rel="noreferrer noopener">continued margin expansion</a> backed by content, ads and gaming investment. He also projected high-margin revenue from ad-supported tier and paid sharing.
Walt Disney stock is up close to 15% in the past 12 months. Goldman Sachs&nbsp;analyst Michael Ng expects&nbsp;Disney&#8217;s <a href="https://www.benzinga.com/news/24/09/41045649/disney-trims-workforce-by-300-targets-corporate-departments-for-cost-management" target="_blank" rel="noreferrer noopener">box office blockbusters</a>&nbsp;and streaming growth to help offset Experiences and linear weakness.
Price Actions: At publication Wednesday, Netflix stock was up 0.62% at $710.51 and Disney stock was down 0.29% at $93.78.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41052867/disneys-streaming-surge-epic-games-deal-among-key-growth-drivers-says-analyst" target="_blank" rel="noreferrer noopener">Disney&#8217;s Streaming Surge, Epic Games Deal Among Key Growth Drivers, Says Analyst</a></li>
</ul>
Photo: Shutterstock

Entertainment

Government

Regulations

Global

Media

AMZN

GOOG

GOOGL

NFLX

SPOT

Netflix, Disney+, Amazon Hit By Philippine's New 12% Tax On Digital Providers

Craig-Hallum analyst Jeremy Hamblin maintains Five Below (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIVE#NASDAQ">FIVE</a>) with a Buy and raises the price target from $102 to $125.

FIVE

Craig-Hallum Maintains Buy on Five Below, Raises Price Target to $125

Craig-Hallum analyst George Sutton maintains Hut 8 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUT#NASDAQ">HUT</a>) with a Buy and raises the price target from $14 to $15.

Craig-Hallum Maintains Buy on Hut 8, Raises Price Target to $15

Craig-Hallum analyst Richard Shannon upgrades EMCORE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) from Hold to Buy and raises the price target from $1 to $3.

Upgrades

EMKR

Craig-Hallum Upgrades EMCORE to Buy, Raises Price Target to $3

<a href="https://x.com/RichtechRobots/status/1841523154029613270" title="https://x.com/RichtechRobots/status/1841523154029613270">https://x.com/RichtechRobots/status/1841523154029613270</a>

Richtech Robotics Posts On X 'Mercedes-Benz of Cutler Bay has been one of our leading automotive partners taking advantage of Titan, our heavy-duty delivery robot, to streamline efficiency and let their employees get back to what they do best...'

GNTA

Genenta Science shares are trading higher after the company announced the Agenzia Italiania del Farmaco approved its Phase 1 trial for metastatic renal cell cancer for its flagship product. Additionally, HC Wainwright & Co reiterated a Buy rating on the stock and maintained its $25 price target.

Craig-Hallum analyst Jason Kreyer initiates coverage on Thryv Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/THRY#NASDAQ">THRY</a>) with a Buy rating and announces Price Target of $25.

Initiation

THRY

Craig-Hallum Initiates Coverage On Thryv Holdings with Buy Rating, Announces Price Target of $25

Unum Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>) has outperformed the market over the past 5 years by 2.83% on an annualized basis producing an average annual return of 17.37%. Currently, Unum Gr has a market capitalization of $11.02 billion. 
Buying $1000 In UNM: If an investor had bought $1000 of UNM stock 5 years ago, it would be worth $2,174.42 today based on a price of $59.34 for UNM at the time of writing.
<h3>Unum Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727888753_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $2,200 Today

Stephens &amp; Co. analyst Scott Fidel downgrades Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) from Overweight to Equal-Weight and lowers the price target from $400 to $250.

Downgrades

Stephens & Co. Downgrades Humana to Equal-Weight, Lowers Price Target to $250

Geopolitical risks may be the biggest threat to global markets, <a href="https://www.bankofengland.co.uk/financial-policy-summary-and-record/2024/october-2024">the Bank of England (BoE) warned</a> on Wednesday.
"Global vulnerabilities remain material, as does uncertainty around the geopolitical environment," the BoE said. &#8220;Markets remain susceptible to a sharp correction.&#8221;
The BoE published its Financial Policy Committee Record a day after Iran launched <a href="https://apnews.com/article/israel-lebanon-hezbollah-gaza-news-10-01-2024-eb175dff6e46906caea8b9e43dfbd3da">at least 180 ballistic missiles at Israel</a>. The barrage of missiles has increased fears of wider war in the Middle East.&nbsp;
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="801" height="427" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02140357/Image1_021024.png" alt="" class="wp-image-1758" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02140357/Image1_021024.png 801w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02140357/Image1_021024-300x160.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02140357/Image1_021024-768x409.png 768w" sizes="(max-width: 801px) 100vw, 801px" /></figure>
A map showing the sirens sounded across Israel as the barrage began Source: <a href="http://msn.com">msn.com</a>&nbsp;
<a href="https://europeancapitalinsights.substack.com/p/weekly-roundup-european-equities">Concerns about an escalation in Mideast violence</a> increased after Israel killed Hezbollah's leader Hassan Nasrallah in airstrikes on September 27.&nbsp;
JPMorgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) CEO Jamie Dimon warned on September 24 that there was "a lot of war taking place right now."
"My caution is all geopolitics," he said i<a href="https://www.cnbctv18.com/business/jamie-dimon-jpmorgan-us-china-tensions-india-opportunity-19481213.htm">n an interview with CNBC TV18</a> at a JPM conference in Mumbai.
<h3 class="wp-block-heading">Global Markets React To Geopolitical Risks</h3>
European markets and global oil prices reacted quickly to the ballistic missile attack.&nbsp;
The Euro Area Stoxx 600 continued its retreat from its record high, trading flat today. Germany's DAX40 pulled back from its record level, falling 0.55% today and continuing its 1.8% retreat a high of 19,473.
Brent crude oil rose 3.19% after the attack on Tuesday, reversing most of its September slump.
The World Bank said in April severe disruption in oil supplies could push Brent <a href="https://www.worldbank.org/en/news/press-release/2024/04/25/commodity-markets-outlook-april-2024-press-release">oil prices above $100 per barrel</a>.&nbsp;
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="469" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02141342/image21024-1024x469.png" alt="" class="wp-image-1760" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02141342/image21024-1024x469.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02141342/image21024-300x138.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02141342/image21024-768x352.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02141342/image21024.png 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
"The geopolitically-driven increases in oil prices continue this morning," Mohamed El-Erian, Queens' College Cambridge president, wrote on <a href="https://x.com/elerianm/status/1841457584592879764">X</a>.&nbsp;
 "Because there has been no actual disruption," oil prices haven&#8217;t spiked, El-Erian, who is also a Bloomberg Opinion columnist, wrote.
<a href="https://europeancapitalinsights.substack.com/p/iran-israel-war-will-curb-eu-economic">A further conflagration could</a> drive up prices of natural gas, fertilizers, and food, the World Bank said at the time.
"No oil and gas facilities have been damaged and logistics keep working," <a href="https://advanced.jhu.edu/directory/paul-sullivan/">Paul Sullivan</a>, a John Hopkins University Lecturer, said.
"Risk premia for oil and oil transport could increase significantly if there is a directed attack" on infrastructure, he added.
<h3 class="wp-block-heading">Geopolitical Developments Worry ECB Officials</h3>
But European Central Bank (ECB) officials are concerned about the spike in geopolitical uncertainty.&nbsp;A spike in energy prices could reverse the slowdown in inflation reported across much of Europe.&nbsp;
Euro area <a href="https://ec.europa.eu/eurostat/en/web/products-euro-indicators/w/2-01102024-ap">annual inflation slowed to 1.8% in September</a> from 2.2% in August, the EU statistical office said on Tuesday.&nbsp;
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="806" height="576" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02141615/image2_021024.png" alt="" class="wp-image-1761" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02141615/image2_021024.png 806w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02141615/image2_021024-300x214.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/02141615/image2_021024-768x549.png 768w" sizes="(max-width: 806px) 100vw, 806px" /></figure>
"We are facing huge uncertainty – not least in view of the many prevailing economic, financial and geopolitical risks,"&nbsp; Luis de Guindos, Vice-President of the ECB, said the same day.&nbsp;&nbsp;
The ECB official spoke at the 5th joint ECB, Bank of Canada and Federal Reserve Bank of New York Conference.
<a href="https://www.ecb.europa.eu/press/key/date/2024/html/ecb.sp241002~33cedce2bc.en.html">De Guindos said in Riga</a> today that the economic revival in the euro area is likely to gain momentum.
He expressed optimism that faster growth could be achieved following a<a href="https://www.actionforex.com/live-comments/570254-ecbs-de-guindos-cites-weaker-growth-outlook-expects-recovery-to-strengthen-over-time/"> disappointing second quarter</a>. However, he warned that risks in the bloc are still "tilted to the downside.
<h3 class="wp-block-heading">Geopolitical Uncertainty Main Risk&nbsp;</h3>
A BoE survey conducted in late July and early August echoed the prevailing concerns about geopolitical uncertainty.&nbsp;
The <a href="https://www.bankofengland.co.uk/systemic-risk-survey/2024/2024-h2#:~:text=Geopolitical%20risk%20(cited%20by%2093,%2C%20%2B10%20percentage%20points).">BoE found that 93% of the 55 banks </a> that responded placed geopolitical risk as the biggest concern. That was the highest level recorded in the survey which goes back to 2008.
The elevated geopolitical uncertainty could place "further pressure on sovereign debt levels and borrowing costs, &#8221; the BoE said today.
The UK&#8217;s central bank pointed to "structural trends, such as demographics and climate change," as factors that could undermine markets.&nbsp;
Sharp market corrections "could affect the cost and availability of credit to UK households and businesses," it said.&nbsp;
Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.
This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content or accuracy.

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Economics

General

Geopolitical Risks May Be Biggest Threat To Markets, BoE Says

KULR

KULR Technology shares are trading higher after the company announced it secured a $2.35 million licensing deal with a Japanese corporation. The deal includes a $1.1 guaranteed licensing fee and the potential upside for equipment sales and upgrades.

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Truleum

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