Latest news for WSP Global (OTC:WSPOF) Stock

WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation and Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( United States and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).

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TSX:WSP

WSP Global Inc (TSX: WSP) (OTC: WSPOF) price target has been raised to C$199 from C$197 by RBC Capital analyst Sabahat Khan.

The analyst maintained the Outperform rating on the shares.

RBC Capital &amp; Desjardins Bump Up WSP Global&#39;s Price Target - Read Why

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Stocks That Hit 52-Week Highs On Thursday

WSP Global Inc

Chicago is gearing up to host <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/">Benzinga&#8217;s SmallCap Conference</a> 2024 on Oct. 9-10. Promising to be the largest gathering yet, the event will be live-streamed to a projected audience of 10 million viewers. Investors will have the chance to connect with emerging small-cap companies, engage in presentations, participate in Q&amp;A sessions, and network extensively. At the heart of the event is a distinguished advisory council comprising industry leaders, each bringing their expertise to the table.
<h3 class="wp-block-heading">Technology Transactions Specialist</h3>
Edin Trto, managing director at Canaccord Genuity, is joining the advisory council. Since 2013, Trto has managed numerous transactions within the technology field. His role at Canaccord involves working with private equity and venture capital firms, providing valuable knowledge on the tech investment landscape. Attendees can look forward to his insights, which promise to illuminate the intricacies of tech investments.
<h3 class="wp-block-heading">Bridging Investors and Small-Cap Firms</h3>
Phil Carlson, managing director of investor relations at KCSA, also brings his expertise to the advisory council. With a background at firms like JPMorgan Chase and Merrill Lynch, Carlson has played an essential role in developing communication strategies for small-cap companies. His work in the cannabis investment sector will provide attendees with perspectives on emerging opportunities in this growing industry.
<h3 class="wp-block-heading">Financial Services Veteran</h3>
Barrington Miller, president of Grove Corporate Services, adds over 20 years of financial services experience to the advisory council. His previous role as director of Issuer Engagement at the Canadian Securities Exchange focused on education and issuer retention. Miller's extensive background will guide discussions at the conference, offering attendees informed views on market trends.
<h3 class="wp-block-heading">Capital Markets Specialist</h3>
Jim Kirsch, president of Alliance Global Partners USA and Canada, thoroughly understands capital markets and mergers and acquisitions. Kirsch has led numerous transactions and raised billions in capital. His role as the 2022 Benzinga Capital Award recipient for Best M&amp;A Banker highlights his capability in managing financial transactions. Attendees will benefit from Kirsch&#8217;s expertise in capital raising and market strategies.
<h3 class="wp-block-heading">Leader in Investor Relations</h3>
Chuck Bennett, CEO and co-founder of CORE IR brings his extensive investor relations and corporate advisory background to the advisory council. Since founding CORE IR in 2009, Bennett has been instrumental in providing tailored communication solutions for small to mid-sized companies. His commitment to corporate governance and philanthropy will add a unique perspective to conference discussions.
<h3 class="wp-block-heading">Advocate for Value Investing</h3>
Tim Melvin, a value investing expert with nearly three decades of experience, completes the advisory council. Melvin's dedication to asset-based value investing has significantly influenced the investment community. His participation in the conference is highly anticipated, as it promises to provide attendees with practical approaches to investment strategies.
<h3 class="wp-block-heading">An Event Not to Be Missed</h3>
The <a href="https://www.benzinga.com/events/small-cap/global-small-cap-conference-2024/">Benzinga SmallCap Conference </a>offers attendees a unique opportunity to engage with industry leaders, discover new investment opportunities, and gain knowledge from seasoned professionals. The diverse backgrounds of the advisory council members promise to provide attendees with a well-rounded understanding of the small-cap market. As the event date approaches, early registration is recommended to secure a spot at this highly anticipated gathering.
Read Next:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39648975/fed-needs-to-frontload-interest-rate-cuts-say-4-economists-labor-markets-cooling-">Fed Needs To Frontload Interest Rate Cuts, Say 4 Economists: &#8216;Labor Market&#8217;s Cooling Trend Is Quite Clear&#8217;</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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Who's Driving The Next Big Breakthrough In SmallCap Investing?

Golar LNG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) shares are trading higher after the company entered into definitive agreements with Pan American Energy to deploy a floating liquefied natural gas vessel in Argentina for 20 years.
The FLNG project aims to capitalize on Argentina&#8217;s abundant gas reserves from the Vaca Muerta shale formation in the Neuquina Basin, which holds the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/g39644726/golar-lng-signs-agreement-for-20-year-flng-deployment-in-argentina" rel="noreferrer noopener">world&#8217;s second-largest shale gas resources</a>.
Golar&#8217;s CEO, Mr. Karl Fredrik Staubo, said, &#8220;We are excited to enter a partnership with Pan American Energy, one of the leading energy companies in Latin America.&#8221;
Check This Out: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39647564/byd-faces-scrutiny-in-thailand-over-pricing-issues-report" rel="noreferrer noopener">BYD Faces Scrutiny In Thailand Over Pricing Issues: Report</a>
The project plans to utilize Golar&#8217;s FLNG Hilli, boasting a capacity of 2.45 million tons per annum, offering a net tariff equivalent to $2.6/mmBtu (assuming 90% capacity utilization), supplemented by commodity-linked pricing. Golar retains the option to explore swapping with another suitable FLNG unit.
Under the agreements, Golar will own a 10% share in Southern Energy S.A., a specialized joint venture with PAE.
This entity will manage the procurement of local natural gas, oversee operations, and handle the sale and distribution of LNG volumes originating from Argentina.
&#8220;The project expands Golar&#8217;s global footprint, with further growth potential,&#8221; Staubo added.
Expected to commence LNG exports by 2027, the initiative positions Argentina as a significant player in the global LNG market.
This strategic initiative is underpinned by a strong commercial framework, including a Gas Sales Agreement with PAE for gas supply and an FLNG charter agreement with Golar, incorporating a base tariff and exposure to LNG sales prices.
Price Action: GLNG shares are trading higher by 6.54% to $33.55 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39603590/analysts-rally-behind-waystar-predict-robust-growth-and-market-share-gains-followin" target="_blank" rel="noreferrer noopener">Analysts Rally Behind Waystar: Predict Robust Growth and Market Share Gains Following Competitor Setback</a></li>
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Live On CNBC, Bill Baruch Announces Trimmed Tesla Position By 20%

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) saw its shares rise to a record on Thursday in the Taiwan Stock Exchange. The rally boosted Taiwan Semiconductor&#8217;s market capitalization to over $946 billion in the U.S. stock exchange as of Friday.
Investors are optimistic that Taiwan Semiconductor will benefit from robust demand for artificial intelligence (AI) and high-performance computing (HPC) chips, the Taiwan Times <a target="_blank" href="https://www.taipeitimes.com/News/biz/archives/2024/07/05/2003820333" rel="noreferrer noopener">reports</a>.
Taiwan Semiconductor has surged 69.48% this year, solidifying its position as the most valuable stock on the local exchange and the world&#8217;s 10th-largest company by market capitalization.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/05092740/newplot-11.png" alt="" class="wp-image-421448" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/05092740/newplot-11.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/05092740/newplot-11-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
Analysts anticipate a positive earnings report from Taiwan Semiconductor, which is expected to drive its share price further.
As a primary advanced-chip supplier for U.S. Big Tech companies, Taiwan Semiconductor is expected to guide over 10% quarterly revenue growth in its upcoming earnings conference on July 18.
Several analysts are bullish on the prospects of Taiwan Semiconductor. UBS has raised its full-year <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39621141/taiwan-semiconductors-expansion-in-ai-and-2nm-technology-set-to-boost-future-growth" rel="noreferrer noopener">capital expenditure estimates</a> for Taiwan Semiconductor to $32 billion for this year and $37 billion for next year, citing demand for demand for 2nm and 3nm technologies.
UBS analyst Lin Lijun expressed optimism over Taiwan Semiconductor&#8217;s position as the primary CoWoS supplier in 2025.
Taiwan Semiconductor revenue is expected to grow by a low to mid-20 percent year-on-year, with the second half of the year outperforming the first.
Wall Street brokerages increased their price targets for Taiwan Semiconductor in June, citing expected earnings growth from AI demand and projected price hikes in 2025. Goldman Sachs forecasts <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39407413/whats-going-on-with-taiwan-semi-stock-thursday" rel="noreferrer noopener">increased prices for</a> 3- and 5nm chip manufacturing.
Taiwan Semiconductor stock gained 81% in the last 12 months in the U.S. stock exchange. Investors can gain exposure to the semiconductor sector via VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>) and iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>).
Price Action: TSM shares traded higher by 1.00% to $184.31 at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by Jack Hong via Shutterstock

Tech

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NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

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What's Going On With Taiwan Semiconductor Stock On Friday?

Cantor Fitzgerald analyst Alethia Young reiterates Arcus Biosciences (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCUS#NYSE">RCUS</a>) with a Overweight.

RCUS

Cantor Fitzgerald Reiterates Overweight on Arcus Biosciences

In the first quarter of 2024, <a href="https://www.benzinga.com/topic/illinois-cannabis">Illinois</a> experienced a 4% decline in cannabis sales compared to the previous quarter. 
However, year-on-year figures showed an increase, indicating a market adjusting to new retail locations, according to an analysis by <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38386324/whos-winning-in-weed-analyst-looks-at-cannabis-markets-big-players-where-are-the-be">Pablo Zuanic of Zuanic &amp; Associates</a>.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38282615/cannabis-brands-leading-market-expansion-in-east-midwest-a-look-at-prices-and-trend" target="_blank" rel="noreferrer noopener">Dominant players</a> include Cresco Labs, Green Thumb Industries, and Curaleaf Holdings. 
These multi-state operators (MSOs) are navigating the state&#8217;s competitive environment, where the growing number of retail outlets has impacted overall store revenues.
While there was a sequential sales dip, the year-on-year figures were up by 6%, hinting at a market still finding its footing with <a href="https://www.benzinga.com/topic/illinois-cannabis" target="_blank" rel="noreferrer noopener">increased retail establishments </a>but facing pricing pressures, Zuanic explained. 
Illinois has seen an increase in cannabis retail stores, which has diluted revenues per location. This mirrors trends in other states, requiring strategic adaptations from MSOs to maintain stability. The increase in competition has led to pricing pressures and a need for efficient operations.
<h3 class="wp-block-heading">Strategic Responses </h3>
MSOs like Cresco Labs and Green Thumb Industries are addressing these challenges by focusing on effective brand distribution and operational efficiency. These adjustments aim to counter the increased competition and stabilize their market presence in Illinois.
<h3 class="wp-block-heading">Where To Learn More</h3>
Industry professionals and investors will have the opportunity to explore these market dynamics further at the upcoming <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference.</a> Scheduled for October 8-9 at the Marriott Magnificent Mile in Chicago, this event will gather prominent names in the cannabis industry to discuss current trends and future prospects.
Attendees will benefit from discussions on how MSOs are adapting to market conditions in Illinois and what this means for the future of cannabis in the state. This conference will serve as an essential forum for knowledge exchange and networking among industry stakeholders, providing insights into the strategies being employed by market players.
<hr class="wp-block-separator has-alpha-channel-opacity" />
Cannabis rescheduling seems to be right around the corner. Want to understand what this means for the future of the industry? Hear directly from top executives, investors, advocates, and policymakers at the 19th Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">Get your tickets now</a>&nbsp;before prices surge by following&nbsp;<a href="https://www.eventbrite.com/e/benzinga-capital-conference-cannabis-fall-2024-tickets-858948065787?aff=oddtdtcreator" target="_blank" rel="noreferrer noopener">this link</a>.
Image: Shutterstock

Illinois Cannabis Sales Are Down In Q1, But Year-On-Year Figures Are Up, Analyst Says: Cresco Labs, Green Thumb, Curaleaf Must Adapt

The United States is close to breaching the threshold for the Federal Reserve&#8217;s &#8220;Sahm Rule&#8221; according to data from the <a href="https://www.benzinga.com/markets/equities/24/07/39646053/mixed-picture-for-fed-june-payrolls-rise-more-than-expected-unemployment-rate-ticks-up-wage-grow">June jobs report</a>.
The Data: The Sahm Rule, named for economist Claudia Sahm, is a heuristic measure used by the Federal Reserve to determine whether the U.S. economy is in a recession. The rule has correctly predicted every recession since 1950 with only one false positive in 1959.
The Sahm Recession Indicator signals the start of a recession when the three-month moving average of the&nbsp;unemployment rate rises by 0.5% or more relative to the minimum of the three-month averages from the previous 12 months.
The Sahm indicator <a href="https://fred.stlouisfed.org/series/SAHMCURRENT">reached</a> 0.43% in June, according to the Federal Reserve Bank of St. Louis. The data is <a href="https://www.bls.gov/news.release/pdf/empsit.pdf">sourced</a> from Friday&#8217;s Bureau of Labor Statistics June jobs report. The number has steadily increased since last year. A <a href="https://x.com/menzie_chinn/status/1809235567080509559">post</a> on X illustrated the increase in a graph.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Consensus 4% vs Actual 4.1% – Real Time Sahm Rule for June [updated] &#8211; still below threshold <a href="https://t.co/8OEmiTDMkI">https://t.co/8OEmiTDMkI</a> <a href="https://t.co/ChLcbpdxOk">pic.twitter.com/ChLcbpdxOk</a>
&mdash; Menzie Chinn (@menzie_chinn) <a href="https://twitter.com/menzie_chinn/status/1809235567080509559?ref_src=twsrc%5Etfw">July 5, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why it Matters: Economic heuristics such as the Sahm Rule help economists shape monetary policy. Leading recessionary indicators could induce the Federal Reserve to cut interest rates to de-strain the U.S. economy.
<a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">According</a> to the CME Group, the market currently gives September rate cuts a 75% probability.
One indicator does not necessarily portend a recession. Sahm herself has <a href="https://stayathomemacro.substack.com/p/quick-update-on-the-sahm-rule">said</a> that the rule is &#8220;is an empirical reality, not a law of nature.&#8221; The indicator&#8217;s approaching 0.5% is a warning sign, however, for the U.S. as it remains in murky economic waters.
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Photo: Shutterstock

Econ #s

Economics

Federal Reserve

US Close To Recession Warning As June Jobs Report Shows Rising Unemployment

Live On CNBC, Jenny Harrington Announces Bought United Parcel Service

U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining more than 100 points on Friday.
The Dow traded down 0.01% to 39,307.91 while the NASDAQ rose 0.71% to 18,316.89. The S&amp;P 500 also rose, gaining, 0.29% to 5,553.02.
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Leading and Lagging Sectors Communication services shares jumped by 1.7% on Friday.
In trading on Friday, energy shares fell by 1.6%.
Top Headline
Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.
The unemployment rate ticked slightly higher from 4% to 4.1% against expectations of an unchanged reading. Average hourly earnings advanced by 0.3% on month-on-month basis, decelerating from May's 0.4%, in line with expectations.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Koss Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOSS#NASDAQ">KOSS</a>) shares shot up 31% to $13.99, possibly on continued retail investor interest.</li>
<li>Shares of Macy&#8217;s, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) got a boost, surging 12% to $20.06. An investor group aiming to purchase Macy's has reportedly increased its bid for the second time after previous offers failed. Arkhouse Management and Brigade Capital Management recently raised their proposal by approximately $300 million, reported The Wall Street Journal.</li>
<li>Sharps Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STSS#NASDAQ">STSS</a>) shares were also up, gaining 10% to $0.2539. On Wednesday, the medical device and pharmaceutical packaging company received two purchase orders for approximately 1 million SecureGard ultra-low waste smart safety syringes produced at Sharps' manufacturing facility in Hungary.</li>
</ul>
Equities Trading DOWN
<ul>
<li>NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares dropped 8% to $4.4850 after the company disclosed that Steven Wei Feng has resigned as the Chief Financial Officer for personal and family reasons, effective July 5, 2024.</li>
<li>Shares of Eshallgo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EHGO#NASDAQ">EHGO</a>) were down 21% to $2.05. Eshallgo closed $5 million initial public offering at $4 per share.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) was down, falling 10% to $7.51. The company announced vehicle delivery figures for June and the first half of 2024 on Monday.</li>
</ul>
Also Check This Out: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/07/39646161/top-3-financial-stocks-youll-regret-missing-in-q3">Top 3 Financial Stocks You&#8217;ll Regret Missing In Q3</a> 
Commodities In commodity news, oil traded up 0.1% to $83.93 while gold traded up 0.8% at $2,387.50.
Silver traded up 1.2% to $31.21 on Friday, while copper rose 2.4% to $4.6405.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.35%, Germany's DAX fell 0.01% and France's CAC 40 fell 0.46%. Spain's IBEX 35 Index fell 0.84%, while London's FTSE 100 fell 0.63%.
Retail sales in the Eurozone rose 0.1% month-over-month in compared to a revised 0.2% decline in April. UK's Halifax House Price Index rose 1.6% year-over-year in June, while French trade deficit increased to €8 billion in May versus a revised €7.5 billion in the prior month. German industrial production fell by 2.5% month-over-month for May.
Asia Pacific Markets
Asian markets closed lower on Friday, with Japan's Nikkei falling 0.01%, Hong Kong's Hang Seng Index declining 1.27%, China's Shanghai Composite Index falling 0.26% and India's S&amp;P BSE Sensex declining 0.07%.
The index of leading economic indicators in Japan rose to 111.1 in May from 110.9 in the earlier month, while index of coincident economic indicators increased to 116.5 from115.2. Household spending in Japan fell by 1.8% year-over-year in May.
Economics
Nonfarm payrolls increased by 206,000 last month, slowing down by 12,000 from May, but above economist expectations of 189,000, with predictions ranging from 150,000 to 237,000.
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Commodities

EHGO

KOSS

STSS

XPEV

Nasdaq Surges Over 100 Points; Sharps Technology Shares Spike Higher

Chinese electric vehicle maker BYD Company (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) is reportedly set to sign an agreement with Turkey to build a $1 billion manufacturing plant in the country&#8217;s west.
The new plant will enhance BYD&#8217;s access to the European Union market, with which Turkey has a customs union agreement, reported <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-07-05/turkey-poised-for-1-billion-ev-plant-deal-with-china-s-byd?sref=TBDibEcD" rel="noreferrer noopener">Bloomberg</a>.
Turkish officials confirmed that President Recep Tayyip Erdogan will announce the deal on Monday at a ceremony in Manisa province, where the factory will be located.
The new facility will provide BYD with easier entry to the EU market, which recently <a target="_blank" href="https://www.benzinga.com/news/24/06/39397202/chinese-carmakers-urge-beijing-to-increase-tariffs-on-eu-gasoline-cars-in-retaliation-for-ev-tariffs" rel="noreferrer noopener">increased tariffs on Chinese EV imports </a>to 48%.
Additionally, the plant will serve the domestic market, where EV sales represented 7.5% of total car sales last year in Turkey, a nation of nearly 90 million people.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39617169/byd-set-to-surpass-tesla-in-bev-sales-by-2024-as-china-leads-global-market-growth-report" rel="noreferrer noopener">BYD Set To Surpass Tesla In BEV Sales By 2024 As China Leads Global Market Growth: Report</a>
On Friday, Turkey reduced tariffs on Chinese motor vehicle imports to stimulate investment, following discussions between Erdogan and China&#8217;s President Xi Jinping at the Shanghai Cooperation Organization meeting in Kazakhstan, the report mentioned.
BYD, China&#8217;s leading EV brand, inaugurated its first EV plant in Thailand on Thursday and is also constructing facilities in Brazil and potentially Mexico.
Besides a plant in Hungary, BYD has a minimal presence in Europe. The new factories highlight BYD&#8217;s strategy to stay close to major markets and mitigate tariff threats.
BYD reported a 21% increase in EV sales in <a target="_blank" href="https://www.benzinga.com/news/24/07/39592293/tesla-rival-byds-ev-sales-jump-21-in-q2-details" rel="noreferrer noopener">the second-quarter FY24</a>. The company sold 426,039 EVs from April to June.
Price Action: BYDDY shares are trading higher by 0.92% at $59.50 at last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39646620/chinas-geely-targets-south-korea-for-premium-ev-debut-by-2026-report" target="_blank" rel="noreferrer noopener">China&#8217;s Geely Targets South Korea For Premium EV Debut By 2026: Report</a></li>
</ul>

BYDDY

Tesla's Top Rival BYD Clinches $1B EV Manufacturing Plant Agreement With Turkey

In an episode of <a href="https://www.benzinga.com/personal-finance/24/06/39556597/dave-ramseys-sage-advice-to-36-year-old-who-inherited-millions-do-not-put-money-in-something-you">Dave Ramsey</a>, a hog farmer with over $400,000 in savings called in and asked for advice on what to invest in. Here's what Ramsey told the passionate hog farmer.&nbsp;
The Dave Ramsey show often deals with challenging debt problems, with a healthy dose of tough love from Ramsey, but this episode took a lighthearted turn when hog farmer Michael called in for some investing advice. Michael told Ramsey and his co-host/daughter Rachel Cruze that he owns three hog farms and one house. He explained that everything is all paid for and that he has zero debt. He told the finance experts that at 31 years old, he has over $400,000 in his savings.
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<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
<li>Can you guess how many retire with a $5,000,000 nest egg? &#8211;<a href="https://www.benzinga.com/money/retire-5mil-nest-egg"> How does it compare to the average?</a></li>
</ul>
The problem he's currently facing is unique to the show: the smell from the hog shed is making their current home unlivable, according to his wife, so they rent a home five miles away from the farm. The landlord has passed away, and they've been given the opportunity to <a href="https://www.benzinga.com/real-estate/24/07/39577442/homebuilders-slam-biden-and-trump-for-neglecting-housing-affordability-issues-in-debate">purchase the house</a> from the landlord&#8217;s daughter. Michael wanted to know from Ramsey and Cruze whether he should buy the house, which his wife is asking him to do. However, Michael revealed he doesn't want to. He told Ramsey, "I would rather go for another two years and buy another hog shed to put on the farm."&nbsp;
Before giving his advice, Ramsey asked Michael how long he has been married, which was only four years. Ramsey told him, "There's a buddy of mine that's a comedian with a wonderful saying: happy wife, happy life." Michael told Ramsey that he, his wife and his young family are very happy, but Ramsey disagreed, telling Michael, "You're a hog farmer that's gone hog wild. All you think about is hogs," and added, "I love that." Ramsey told Michael that he's a great business owner, has great business acumen, and is great at what he does, but that he sucks at taking care of his wife. Just because his wife married him doesn't mean she is going to stay at the house on the farm. In fact, Ramsey pointed out that Michael's wife has explicitly said she won't live in the house on the farm.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Trending: Elon Musk&#8217;s secret mansion in Austin revealed through court filings.<a href="https://www.benzinga.com/money/elon-musk-secret-mansion-austin-nada"> Here&#8217;s how to invest in the city&#8217;s growth before prices go back up.</a>
Michael surprised the two finance experts by revealing that the house is only $45,000. Ramsey exclaimed, "Shut up! You can make her happy for $45,000, and you're buying a $400,000 hog shed?" He added, "This woman doesn't ask for much." Ramsey and Cruze agreed that Michael must buy his wife the house. Ramsey told Michael with a smile, "I'm poking fun at you, but I'm having fun with you."&nbsp;
Ramsey got down in the muck with Michael and explained that buying a $45,000 house is not going to hamper his goal of buying a new hog shed. Michael told the finance gurus that a new shed will cost upward of $900,000, so he's not even there yet. Ramsey said, "Buying that house is not going to throw your goals off, is my point." Ramsey's next piece of advice to Michael was that in 45 years of marriage and 35 years of running his Ramsey business, he's learned that "the best thing I can do is have no drama at home because I got enough of it at work, and it makes me more valuable at work." For Michael, that means buying his wife a house that is away from the smell of the hog sheds so that she can take care of his three children in her own home.&nbsp;&nbsp;&nbsp;
Read Next:
<ul>
<li>Are you secretly doing better with your money than you think?<a href="https://www.benzinga.com/money/adv-financially-healthy"> Here are some signs you&#8217;re financially healthy.</a></li>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
</ul>

Personal Finance

Dave Ramsey Dives Into The Muck With A Hog Farmer With Over $400,000 Of Savings To Invest: 'You're A Hog Farmer Who's Gone Hog Wild'

Joana Cotar, a member of the German Bundestag, criticized the government's decision to sell off <a href="https://www.benzinga.com/quote/BTC-USD">Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings</a>.
In a letter to key government officials — Saxon State Premier Michael Kretschmer, Federal Finance Minister Christian Lindner, and Chancellor Olaf Scholz — Cotar outlines several arguments for why the state should retain its Bitcoin holdings rather than liquidate them.
&#8220;Bitcoin offers a unique opportunity to diversify the state&#8217;s assets,&#8221; Cotar wrote, underscoring the benefits of asset diversification. 
She argued that holding Bitcoin could reduce risks associated with over-reliance on traditional asset classes. 
Cotar&#8217;s appeal comes in the wake of a recent transaction highlighted by Arkham Intelligence. The German government <a href="https://platform.arkhamintelligence.com/explorer/entity/germany">transferred </a>547.44 BTC, worth approximately $30.09 million, to the market maker Flow Traders. The government still holds about 41,000 BTC, valued at roughly $2.27 billion.
She <a href="https://x.com/JoanaCotar/status/1808888782738911614">noted</a> the long-term value preservation potential of Bitcoin, such as its scarcity and deflationary nature as protection against inflation and currency devaluation.
&#8220;A clear legal framework arising from the state&#8217;s self-interest in Bitcoin technology would promote local innovation and entrepreneurship,&#8221; she stated, suggesting that such an approach could lead to significant technological and financial advancements in the country.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39647392/crypto-market-faces-pressure-yet-options-traders-remain-optimistic">Crypto Market Faces Pressure, Yet Options Traders Remain Optimistic</a>
Economic sovereignty was another key point in Cotar&#8217;s argument. 
She believes that embracing Bitcoin could strengthen Germany&#8217;s economic independence and enhance its resilience against external financial uncertainties. 
Moreover, she emphasized the importance of technological progress, advocating for a Bitcoin-friendly stance that could foster research and development in the financial and technology sectors, thereby attracting top talent.
Instead of selling Bitcoin, Cotar proposed developing a comprehensive Bitcoin strategy for Germany. 
This strategy could include retaining Bitcoin in the state treasury, issuing Bitcoin bonds, or creating a favorable regulatory environment. 
Cotar's stance aligns with broader discussions on the strategic use of digital assets, a topic set to be explored further at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19.
<a href="https://x.com/lookonchain/status/1809220890498044354">According </a>to Lookonchain, the German government, the US government, and Mt. Gox have transferred a total of 17,788 BTC ($1.08 billion) since June 19. 
The German government has transferred BTC every day since July 1. 
They currently hold a total of 396,210 BTC ($22.78 billion), including: the German government, 41,226 BTC ($2.28 billion), the US government, 213,297 BTC ($11.72 billion), and Mt. Gox, 141,687 BTC ($7.78 billion).
Read Next: 
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</ul>
Image: Shutterstock

$BTC

German MP Argues For Retaining Bitcoin Holdings Rather Than Liquidate

Investors with a lot of money to spend have taken a bearish stance on Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</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 CI, 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 8 uncommon options trades for Cigna Group.
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, 5 are puts, for a total amount of $455,917, and 3 are calls, for a total amount of $107,055.
<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 $300.0 and $340.0 for Cigna Group, spanning the last three months.
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Cigna Group options trades today is 434.14 with a total volume of 842.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Cigna Group's big money trades within a strike price range of $300.0 to $340.0 over the last 30 days.
<h3>Cigna Group 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720195285_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>CI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$25.0</td>
<td>$24.1</td>
<td>$25.0</td>
<td>$340.00</td>
<td>$250.0K</td>
<td>1.0K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.1</td>
<td>$11.6</td>
<td>$11.9</td>
<td>$300.00</td>
<td>$69.0K</td>
<td>867</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>CI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$4.2</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$317.50</td>
<td>$55.1K</td>
<td>1.0K</td>
<td style="text-align: right;">299</td>
</tr>
<tr>
<td>CI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$3.8</td>
<td>$3.7</td>
<td>$3.7</td>
<td>$317.50</td>
<td>$54.5K</td>
<td>1.0K</td>
<td style="text-align: right;">529</td>
</tr>
<tr>
<td>CI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$43.0</td>
<td>$41.5</td>
<td>$41.5</td>
<td>$330.00</td>
<td>$41.5K</td>
<td>13</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Cigna Group</h3>
Cigna primarily provides pharmacy benefit management and health insurance services. Its PBM and specialty pharmacy services, which were greatly expanded by its 2018 merger with Express Scripts, are mostly sold to health insurance plans and employers. Its largest PBM contract is the Department of Defense, and it recently won a deal with top-tier insurer Centene. In health insurance and other benefits, Cigna mostly serves employers through self-funding arrangements, and the company operates mostly in the US with 18 million US medical members covered as of December 2023.
<h3>Cigna Group's Current Market Status</h3>
<ul>
<li>With a volume of 437,257, the price of CI is down -2.21% at $318.24. </li>
<li>RSI indicators hint that the underlying stock may be oversold.</li>
<li>Next earnings are expected to be released in 27 days.</li>
</ul>
<h3>Professional Analyst Ratings for Cigna Group</h3>
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $400.0.
<ul>
<li>Reflecting concerns, an analyst from Piper Sandler lowers its rating to Overweight with a new price target of $400.</li>
<li>An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $400. </li>
</ul>
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 Cigna Group with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Decoding Cigna Group's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish stance on Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</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 BA, 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 22 uncommon options trades for Boeing.
This isn't normal.
The overall sentiment of these big-money traders is split between 54% bullish and 22%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $202,144, and 18 are calls, for a total amount of $914,714.
<h3>Predicted Price Range</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $160.0 to $260.0 for Boeing 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 Boeing's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Boeing's significant trades, within a strike price range of $160.0 to $260.0, over the past month.
<h3>Boeing 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720195281_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$35.65</td>
<td>$35.35</td>
<td>$35.5</td>
<td>$160.00</td>
<td>$142.0K</td>
<td>805</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$8.25</td>
<td>$7.3</td>
<td>$8.2</td>
<td>$260.00</td>
<td>$121.0K</td>
<td>85</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>BA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$22.15</td>
<td>$20.8</td>
<td>$21.3</td>
<td>$205.00</td>
<td>$63.9K</td>
<td>390</td>
<td style="text-align: right;">74</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$13.1</td>
<td>$12.8</td>
<td>$12.91</td>
<td>$200.00</td>
<td>$60.7K</td>
<td>5.5K</td>
<td style="text-align: right;">89</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$12.0</td>
<td>$11.6</td>
<td>$12.0</td>
<td>$200.00</td>
<td>$60.0K</td>
<td>5.5K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Boeing</h3>
Boeing is a major aerospace and defense firm. It operates in three segments: commercial airplanes; defense, space, and security; and Global services. Boeing's commercial airplanes segment competes with Airbus in the production of aircraft that can carry more than 130 passengers. Boeing's defense, space, and security segment competes with Lockheed, Northrop, and several other firms to create military aircraft and weaponry. Global services provides aftermarket support to airlines.
After a thorough review of the options trading surrounding Boeing, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Boeing</h3>
<ul>
<li>Currently trading with a volume of 1,430,723, the BA's price is up by 0.26%, now at $184.79. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 26 days.</li>
</ul>
<h3>Expert Opinions on Boeing</h3>
4 market experts have recently issued ratings for this stock, with a consensus target price of $216.25.
<ul>
<li>An analyst from UBS has decided to maintain their Buy rating on Boeing, which currently sits at a price target of $240. </li>
<li>Consistent in their evaluation, an analyst from Deutsche Bank keeps a Buy rating on Boeing with a target price of $225. </li>
<li>An analyst from B of A Securities has decided to maintain their Neutral rating on Boeing, which currently sits at a price target of $200. </li>
<li>An analyst from B of A Securities persists with their Neutral rating on Boeing, maintaining a target price of $200. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Boeing with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

A Closer Look at Boeing's Options Market Dynamics

Financial giants have made a conspicuous bullish move on Vertiv Hldgs. Our analysis of options history for Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) revealed 12 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 25% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $95,580, and 10 were calls, valued at $5,030,710.
<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 $50.0 to $91.0 for Vertiv Hldgs during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</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 Vertiv Hldgs'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 Vertiv Hldgs's whale trades within a strike price range from $50.0 to $91.0 in the last 30 days. 
<h3>Vertiv Hldgs Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720195276_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 style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/19/24</td>
<td>$42.3</td>
<td>$40.7</td>
<td>$41.5</td>
<td>$50.00</td>
<td>$4.0M</td>
<td>4.3K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$5.0</td>
<td>$4.4</td>
<td>$5.0</td>
<td>$90.00</td>
<td>$250.0K</td>
<td>5.2K</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$5.4</td>
<td>$5.0</td>
<td>$5.4</td>
<td>$90.00</td>
<td>$162.0K</td>
<td>5.2K</td>
<td style="text-align: right;">848</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$5.3</td>
<td>$5.0</td>
<td>$5.3</td>
<td>$90.00</td>
<td>$159.0K</td>
<td>5.2K</td>
<td style="text-align: right;">547</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$12.4</td>
<td>$12.0</td>
<td>$12.0</td>
<td>$80.00</td>
<td>$120.0K</td>
<td>7.2K</td>
<td style="text-align: right;">18</td>
</tr>
</tbody>
</table>

<h3>About Vertiv Hldgs</h3>
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East &amp; Africa.
Following our analysis of the options activities associated with Vertiv Hldgs, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Vertiv Hldgs</h3>
<ul>
<li>Trading volume stands at 3,354,527, with VRT's price down by -1.81%, positioned at $91.73.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 26 days.</li>
</ul>
<h3>What Analysts Are Saying About Vertiv Hldgs</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $105.0.
<ul>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Vertiv Hldgs, targeting a price of $105. </li>
</ul>
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 Vertiv Hldgs with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Vertiv Hldgs Options Trading: A Deep Dive into Market Sentiment

HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) has outperformed the market over the past 10 years by 8.13% on an annualized basis producing an average annual return of 19.04%. Currently, HCA Healthcare has a market capitalization of $83.39 billion. 
Buying $1000 In HCA: If an investor had bought $1000 of HCA stock 10 years ago, it would be worth $5,794.18 today based on a price of $318.40 for HCA at the time of writing.
<h3>HCA Healthcare's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720195226_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.

Here's How Much $1000 Invested In HCA Healthcare 10 Years Ago Would Be Worth Today

IDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) has outperformed the market over the past 15 years by 2.28% on an annualized basis producing an average annual return of 15.14%. Currently, IDEX has a market capitalization of $14.77 billion. 
Buying $100 In IEX: If an investor had bought $100 of IEX stock 15 years ago, it would be worth $853.28 today based on a price of $195.14 for IEX at the time of writing.
<h3>IDEX's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720195221_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.

$100 Invested In This Stock 15 Years Ago Would Be Worth $900 Today

Despite the stronger-than-expected increase in non-farm payrolls last month, the Bureau of Labor Statistics&#8217; June Employment Situation report indicated an overall cooling trend <a href="https://www.benzinga.com/markets/equities/24/07/39646053/mixed-picture-for-fed-june-payrolls-rise-more-than-expected-unemployment-rate-ticks-up-wage-grow">in the U.S. labor market. </a>
Significant downward revisions of 111,000 fewer payrolls in the previous two reports, an unexpected rise in the unemployment rate, and the anticipated slowdown in wage growth are prompting most economists to believe the Federal Reserve may be more confident about announcing an interest rate cut, with September being the nearest option. 
Investors seem to share this view, with the probability of a September rate cut rising from 72% to 76% after the jobs report&#8217;s release, and the expected cuts increasing from 52 to 55 basis points by the end of the year.
As a result, ETFs tracking interest-rate sensitive industries – such as the iShares MSCI Global Gold Miners ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RING#NASDAQ">RING</a>) and the iShares Expanded Tech-Software Sector ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IGV#NYSE">IGV</a>) – outperformed on Friday, up 2.7% and 1% respectively.
<h3 class="wp-block-heading">June Jobs Report: Key Statistics</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th></th>
<th>June 2024</th>
<th>Consensus</th>
<th>May 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>Nonfarm payrolls</td>
<td>206,000</td>
<td>189,000</td>
<td>218,000 (downwardly revised from 272,000)</td>
</tr>
<tr>
<td> goverment payrolls</td>
<td>70,000</td>
<td></td>
<td>25,000</td>
</tr>
<tr>
<td> private payrolls</td>
<td>136,000</td>
<td></td>
<td>193,000</td>
</tr>
<tr>
<td>Unemployment rate</td>
<td>4.1%</td>
<td>4%</td>
<td>4%</td>
</tr>
<tr>
<td>Average hourly earnings (m/m)</td>
<td>0.3%</td>
<td>0.3%</td>
<td>0.4%</td>
</tr>
<tr>
<td>Average hourly earnings (y/y)</td>
<td>3.9%</td>
<td>3.9%</td>
<td>4.1%</td>
</tr>
</tbody>
</table>
</figure>
Analyst Perspective
Joe Brusuelas, chief economist at RSM US LLP, noted that while demand for labor remains solid, it is slowing. &#8220;Fears of a wage spiral which would result in a resurgence of inflation can finally be put to rest,&#8221; Brusuelas said, as the three-month average annualized pace of average hourly earnings has eased to 3.5%. 
He emphasized that the primary takeaway from the June employment data is its consistency with economic normalization, aligning with other growth and inflation data pointing towards an easing of the Federal Reserve&#8217;s restrictive policy rate by September.
He warned that the Fed must avoid talking itself into a corner that could result in falling behind the curve, as it did during the first year of the pandemic. &#8220;As the economy cools, the Fed needs to relax its too restrictive policy rate to avoid an unnecessary termination of the business cycle.&#8221;
James E. Thorne, chief market strategist at Wellington Altus, observed the substantial net revisions of 111,000 jobs from the prior two months, combined with the modest increase of 206,000 jobs in the most recent period, indicating a volatile and uncertain labor market. 
&#8220;The government&#8217;s significant increase of 70,000 jobs raises questions about the sustainability of such growth,&#8221; Thorne said, adding that the impact of extreme levels of government spending should be considered. 
He criticized the Federal Reserve&#8217;s potential delayed response, noting, &#8220;A mere 25 basis points cut will not be sufficient to reverse the downward momentum in the private sector. The Fed is late, and the boom/bust cycle in rates continues.&#8221;
Bill Adams, chief economist for Comerica Bank, remarked that the unemployment rate in June rose to its highest since late 2021, despite good monthly job growth offset by downward revisions to March and April. 
&#8220;The current data suggests the economy is growing, but its pace has cooled considerably over the last year,&#8221; Adams said, aligning this with a gradual rise in the unemployment rate. 
The economist highlighted that the uptick in the unemployment rate was due to an increase in labor force participation, with prime-age participation reaching its highest since 2002. &#8220;The job market looks considerably cooler in the June report than in May, and the unemployment rate at 4.1% is above where the median Fed policymaker projected it at year-end,&#8221; he explained. 
Adams suggested that while the labor market isn't soft enough to justify an interest rate cut at this month's meeting, the cooling trend is evident, and a rate cut could come in September if inflation holds.
Quincy Krosby, chief global strategist for LPL Financial, highlighted the market&#8217;s immediate reaction to the 4.1% unemployment rate, noting that both the policy-sensitive 2-year and 10-year Treasury yields edged lower. 
She raised increasing evidence that the Fed will need to initiate a rate easing cycle to support its maximum employment mandate. &#8220;The cooling in the labor market, despite the higher than consensus estimate for the headline payroll print, portends a broader economic downturn,&#8221; Krosby said.
She warned that the consumer&#8217;s growing concern about job security could lead to a frigid summer for the economy, especially with the latest ISM Manufacturing and Service Sector PMI data indicating a broader economic contraction. 
&#8220;Today&#8217;s report should have Fed officials troubled that the desired cooling in the economy could transition into a frigid summer,&#8221; she concluded.
Read now:
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<li><a href="https://www.benzinga.com/news/24/07/39640147/keir-starmer-to-become-uk-prime-minister-as-labour-wins-big-over-rishi-sunaks-conservatives-mohamed">Keir Starmer To Become UK Prime Minister As Labour Wins Big Over Rishi Sunak&#8217;s Conservatives — Mohamed El-Erian Shares Two Key Takeaways</a></li>
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Fed Needs To Frontload Interest Rate Cuts, Say 4 Economists: 'Labor Market's Cooling Trend Is Quite Clear'

HUTCHMED (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HCM#NASDAQ">HCM</a>) stock is trading higher on Friday following the company&#8217;s announcement that its New Drug Application (NDA) for Tazemetostat for the treatment of relapsed or refractory follicular lymphoma was accepted in China <a href="https://www.benzinga.com/wiim/24/07/39648425/hutchmed-shares-are-trading-higher-after-the-company-announced-that-its-nda-for-tazemetostat-for-the">with Priority Review status</a>.
The Details: The China National Medical Products Administration granted priority review for the treatment for certain types of lymphoma. The NDA is based on a Phase 2 study in China and clinical trials conducted by Epizyme outside of China.
Tazemetostat is already approved by the Food and Drug Administration for relapsed or refractory follicular lymphoma and certain cases of advanced epithelioid sarcoma. Furthermore, the treatment is authorized by the Japan Ministry of Health, Labour and Welfare for the same types of lymphoma.
<h2 class="wp-block-heading">How To Buy HUTCHMED Stock</h2>
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in HUTCHMED (China)'s case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Related Link: <a href="https://www.benzinga.com/news/24/07/39647706/whats-going-on-with-johnson-and-johnson-shares-friday">What&#8217;s Going On With Johnson and Johnson Shares Friday?</a>
HCM Price Action: HUTCHMED stock is trading 5.65% higher at $18.51 as of Friday morning per data from<a href="https://www.benzinga.com/pro/"> Benzinga Pro</a>.
Image: 5620566 from Pixabay.

Why HUTCHMED Stock Is Moving Higher Friday

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