Direxion Shares ETF Trust Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares (ARCA: XXCH)

Latest news for Direxion Shares ETF Trust Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares (ARCA:XXCH)

Fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the Index, and exchange-traded funds (ETFs) that track the Index and other financial instruments that provide daily leveraged exposure to the Index or to ETFs that track the Index, which, in combination, provide returns consistent with the Funds investment objective. The financial instruments in which the Fund most commonly invests are swap agreements and futures agreements which are intended to produce economically leveraged investment results.

Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares

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Markets

XXCH

Trading Emerging Market Catalysts With Direxion&#39;s Daily MSCI Emerging Markets Ex China Bull 2X Shares

Direxion Shares ETF Trust Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares

Scotiabank analyst Allan Verkhovski initiates coverage on ZoomInfo Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) with a Sector Perform rating and announces Price Target of $10.3.

News

Price Target

Initiation

Analyst Ratings

Scotiabank Initiates Coverage On ZoomInfo Technologies with Sector Perform Rating, Announces Price Target of $10.3

Scotiabank analyst Allan Verkhovski initiates coverage on Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) with a Sector Outperform rating and announces Price Target of $425.

Scotiabank Initiates Coverage On Salesforce with Sector Outperform Rating, Announces Price Target of $425

Scotiabank analyst Allan Verkhovski initiates coverage on Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) with a Sector Perform rating and announces Price Target of $700.

INTU

Scotiabank Initiates Coverage On Intuit with Sector Perform Rating, Announces Price Target of $700

Scotiabank analyst Allan Verkhovski initiates coverage on Dayforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) with a Sector Perform rating and announces Price Target of $75.

Scotiabank Initiates Coverage On Dayforce with Sector Perform Rating, Announces Price Target of $75

Scotiabank analyst Allan Verkhovski initiates coverage on Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Sector Outperform rating and announces Price Target of $360.

ADSK

Scotiabank Initiates Coverage On Autodesk with Sector Outperform Rating, Announces Price Target of $360

Scotiabank analyst Allan Verkhovski initiates coverage on Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) with a Sector Perform rating and announces Price Target of $15.

ASAN

Scotiabank Initiates Coverage On Asana with Sector Perform Rating, Announces Price Target of $15

Citigroup analyst Paul Lejuez maintains Kohl's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) with a Neutral and lowers the price target from $19 to $18.

Citigroup Maintains Neutral on Kohl's, Lowers Price Target to $18

Citigroup analyst Jason Bazinet maintains AppLovin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) with a Buy and raises the price target from $185 to $335.

Citigroup Maintains Buy on AppLovin, Raises Price Target to $335

PLRX

Pliant Therapeutics Plans To Present Data From Bexotegrast Program At Liver Meeting 2024

Under the terms of the agreement and subject to meeting all closing terms and conditions, GE Vernova will acquire assets related to the business that are dedicated to supplying parts and services to GE Vernova.
The transaction is expected to close in early 2025, subject to certain closing conditions.&nbsp;Woodward has determined that the transaction is not financially material, and the amount of the transaction is not disclosed.&nbsp;
Woodward is working closely with the GE Vernova team to enable a smooth transition for members who work in Greenville.

Asset Sales

GE Vernova To Acquire Woodward's Heavy Duty Gas Turbines Combustion Parts Business Based In Greenville, S.C.; Terms Not Disclosed

Americans plan to spend more on holiday shopping this year than they did last year.
That&rsquo;s the takeaway from pretty much every consumer survey conducted over the past several weeks. Below are some highlights (emphasis added):
<ul>
<li>
&ldquo;Our proprietary survey of ~2,000 US consumers reveals a more positive outlook for holiday shopping versus 2023 and 2022. Overall, 37% of consumers are planning to keep their holiday budgets roughly the same, 35% expect to spend more, and 22% expect to spend less yielding a net of +13%.&ldquo; - Morgan Stanley (11/13)
</li>
<li>
&ldquo;Consumer sentiment has also shown signs of improvement, and the 2024 Bank of America Holiday Survey suggests people are planning to spend $2,100 outside of typical obligations and necessities this holiday season, up 7% YoY.&ldquo;-&nbsp;<a href="https://institute.bankofamerica.com/economic-insights/consumer-checkpoint-november-2024.html" rel="">BofA (11/12)</a>
</li>
<li>
&ldquo;According to The Conference Board Holiday Spending Survey, the average US consumer intends to spend $1,063 in nominal terms on holiday-related purchases in 2024, up 7.9% from $985 in 2023. This is also higher than in 2022 ($1,006) and 2021 ($1,022). On gifts, consumers plan to spend an average of $677, up 3.4% from $654 last year. After slumping last year, consumers&rsquo; budgets for non-gift items such as food, decorations, and wrapping paper are also up 17% at $387.&ldquo; -&nbsp;<a href="https://www.conference-board.org/press/consumer-holiday-spending-2024" rel="">The Conference Board (11/12)</a>
</li>
<li>
&ldquo;Some 89% of consumers admitted they&#39;re tempted to spend more than they should during the holiday season, while 94% indicated they&#39;d be tempted to make an unplanned purchase if the item were on sale. Over half (55%) of consumers said holiday deals have caused them to overspend; these big spenders said they are most likely to splurge on gifts for others.&ldquo; -&nbsp;<a href="https://www.experian.com/blogs/ask-experian/survey-consumer-spending-during-holiday-season/" rel="">Experian (11/4)</a>
</li>
<li>
&ldquo;Consumers are reaching a little deeper into their pockets this season, their average holiday budget rising 4% y-o-y to $613, according to Accenture&#39;s 18th Annual Holiday Shopping Survey.&ldquo; -&nbsp;<a href="https://www.accenture.com/us-en/insights/consulting/consumer-holiday-research" rel="">Accenture (10/30)</a>
</li>
</ul>
Upgrade to paid
<ul>
<li>
&ldquo;In a year when sustained consumer spending propelled growth and helped the economy skirt recession, we&#39;re calling for a fairly modest holiday sales season. We look for holiday sales to rise just 3.3% in November and December compared to last year, which is slower than last year and below the long-run average.&ldquo; -&nbsp;<a href="https://wellsfargo.bluematrix.com/links2/pdf/1eed5512-01fa-4ef4-b2d7-4f9637037a55" rel="">Wells Fargo (10/28)</a>
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<li>
&ldquo;Gallup&rsquo;s initial measure of Americans&rsquo; 2024 holiday spending intentions finds consumers planning to spend an average of $1,014 on Christmas or other holiday gifts. This is substantially more than their forecast of $923 at the same time last year, signaling that the 2024 holiday shopping season could be a bit kinder to U.S. retailers.&ldquo; -&nbsp;<a href="https://news.gallup.com/poll/652664/consumers-plan-generous-holiday-spending.aspx" rel="">Gallup (10/25)</a>
</li>
<li>
&ldquo;Consumer spending on the winter holidays is expected to reach a record $902 per person on average across gifts, food, decorations and other seasonal items, according to the National Retail Federation&rsquo;s latest consumer survey conducted by Prosper Insights &amp; Analytics. The amount is about $25 per person more than last year&rsquo;s figure and $16 higher than the previous record set in 2019.&ldquo; -&nbsp;<a href="https://nrf.com/media-center/press-releases/2024-holiday-spending-expected-reach-new-record" rel="">National Retail Federation (10/22)</a>
</li>
<li>
&ldquo;U.S. consumers are set to spend 4% more on holiday shopping this year, with average spending projected to reach $948, compared to $911 in 2023, according to the KPMG 2024 Consumer Holiday Shopping Survey.&ldquo; -&nbsp;<a href="https://kpmg.com/us/en/media/news/2024-consumer-holiday-shopping-survey.html" rel="">KPMG (10/21)</a>
</li>
<li>
&ldquo;After expressing record holiday spending intentions in 2023, respondents are yet again planning to up their purchases, and expect to spend $1,778 (+8% year over year) this holiday season. The uptick in spend is attributed to a rosier economic outlook (+9 percentage points [PP]), perceived higher prices (70%), and an increase in spend by the $100K to $199K income group (+17%).&ldquo; -&nbsp;<a href="https://www2.deloitte.com/us/en/insights/industry/retail-distribution/holiday-retail-sales-consumer-survey.html" rel="">Deloitte (10/15)</a>
</li>
<li>
&ldquo;Despite 59% of consumers saying that inflation will probably influence their holiday spending this year, overall spending is projected to increase by 7% to an average of $1,638 per shopper.&rdquo; -&nbsp;<a href="https://x.com/PwCUS/status/1841129254836142204" rel="">PwC (10/1)</a>
</li>
</ul>
We&rsquo;ll have to wait to see if consumers come through and actually spend more this year.
If they do, it would be consistent with the years-long narrative of&nbsp;<a href="https://www.tker.co/p/consumer-health-walmart-q2-earnings-july-retail-sales" rel="">record consumer spending</a>. Just this past Friday, we learned retail sales in October rose to a record $718.9 billion.
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3805bde-8140-48bb-b95b-9ca9914bd0c3_1920x1123.jpeg" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fe3805bde-8140-48bb-b95b-9ca9914bd0c3_1920x1123.jpeg" style="height:365px; width:624px" title="" /></a>
Retail sales continue to set new record highs. (Source:&nbsp;<a href="https://x.com/uscensusbureau/status/1857416499675242538/" rel="">Census</a>)
All this spending has been supported by&nbsp;<a href="https://www.tker.co/i/146043265/household-finances-are-in-good-shape" rel="">healthy household balance sheets</a>&nbsp;and real income growth.
Upgrade to paid
<h3>Household Finances Are In Good Shape</h3>
Sure, households&nbsp;<a href="https://www.tker.co/p/economic-warnings-consumer-spending" rel="">aren&rsquo;t as flush as they were</a>&nbsp;earlier in the economic recovery &mdash; but they&nbsp;<a href="https://www.tker.co/p/consumer-finances-strong-normalizing" rel="">remain strong relative to history</a>. (More&nbsp;<a href="https://www.tker.co/p/economic-data-with-multiple-meanings" rel="">here</a>&nbsp;and&nbsp;<a href="https://www.tker.co/p/pandemic-excess-savings-less-important" rel="">here</a>.)
This is best reflected by the debt-to-income ratio, which remains at historically low levels even as aggregate debt has been rising.
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ec21b51-ce70-4850-a46c-c0689882ab00_1496x1234.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F5ec21b51-ce70-4850-a46c-c0689882ab00_1496x1234.png" style="height:515px; width:624px" /></a>
Debt levels remain manageable despite rising to record highs. (Source:&nbsp;<a href="https://libertystreeteconomics.newyorkfed.org/2024/11/income-growth-outpaces-household-borrowing/" rel="">NY Fed</a>)
&ldquo;Although household balances continue to rise in nominal terms, growth in income has outpaced debt,&rdquo;&nbsp;<a href="https://www.newyorkfed.org/newsevents/news/research/2024/20241113" rel="">wrote</a>&nbsp;Donghoon Lee, Economic Research Advisor at the New York Fed.
It&rsquo;s a reminder to take headlines like &ldquo;<a href="https://www.newsmax.com/finance/streettalk/household-debt-17-94-trillion-dollars/2024/11/13/id/1187890/" rel="">US Household Debt Rises to $17.94 Trillion: N.Y. Fed</a>&ldquo; and &ldquo;<a href="https://www.cnbc.com/2024/11/13/credit-card-debt-hits-record-1point17-trillion-new-york-fed-finds.html" rel="">Credit card debt hits record $1.17 trillion</a>&ldquo; with caution because they&nbsp;<a href="https://www.tker.co/i/148105103/a-stat-thats-true-but-lacks-relevant-context" rel="">lack the context</a>&nbsp;you need to avoid&nbsp;<a href="https://www.tker.co/p/facts-in-the-news-that-can-lead-you-astray" rel="">drawing the wrong conclusions</a>. Better headlines read like &ldquo;<a href="https://www.marketplace.org/2024/11/13/household-debt-is-up-but-americans-are-in-a-better-spot-to-pay-it/" rel="">Household debt is up, but Americans are in a better spot to pay it</a>&ldquo; and &ldquo;<a href="https://finance.yahoo.com/news/ny-fed-says-household-debt-160332945.html" rel="">NY Fed says household debt up in third quarter as rising incomes ease debt burden</a>.&ldquo;
And in case you&rsquo;re wondering: Households have a long way to go before they&nbsp;<a href="https://www.tker.co/i/135828718/about-credit-cards" rel="">max out their credit cards</a>, as the New York Fed&nbsp;<a href="https://www.newyorkfed.org/newsevents/news/research/2024/20241113" rel="">chart</a>&nbsp;below shows.
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd874be03-c9ac-43fb-b93b-71af7eb0b487_2202x1654.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fd874be03-c9ac-43fb-b93b-71af7eb0b487_2202x1654.png" style="height:469px; width:624px" /></a>
Credit cards are not close to being maxed out. (Source:&nbsp;<a href="https://www.newyorkfed.org/newsevents/news/research/2024/20241113" rel="">NY Fed</a>)
Yes, debt delinquencies have been rising. It&rsquo;s an&nbsp;<a href="https://www.tker.co/p/economic-warnings-consumer-spending" rel="">economic warning sign to keep an eye on</a>. But for now, they can be characterized as&nbsp;<a href="https://www.tker.co/p/debt-delinquencies-normalizing-q2-2023" rel="">normalizing</a>.
&ldquo;Aggregate delinquency rates edged up from the previous quarter, with 3.5% of outstanding debt in some stage of delinquency,&ldquo; New York Fed researchers&nbsp;<a href="https://www.newyorkfed.org/newsevents/news/research/2024/20241113" rel="">noted</a>. That&rsquo;s significantly below Q4 2019 levels.
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a71ab-3c3e-4761-90bd-ce9d56a53bc8_2196x1650.png" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F142a71ab-3c3e-4761-90bd-ce9d56a53bc8_2196x1650.png" style="height:469px; width:624px" /></a>
Debt delinquencies are rising, but they&rsquo;re mostly normalizing back to prepandemic levels. (Source:&nbsp;<a href="https://www.newyorkfed.org/newsevents/news/research/2024/20241113" rel="">NY Fed</a>)
Also, it&rsquo;s notable that wage growth has outpaced inflation for 18 months.
<a href="https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6e63b4f5-e73e-488f-98b0-c16600eb0aa2_1238x890.jpeg" rel="" target="_blank"><img alt="" src="https://substackcdn.com/image/fetch/w_1456,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F6e63b4f5-e73e-488f-98b0-c16600eb0aa2_1238x890.jpeg" style="height:449px; width:624px" /></a>
Wage growth has outpace inflation for 18 months. (Source:&nbsp;<a href="https://x.com/byHeatherLong/status/1856696575914852665" rel="">@byHeatherLong</a>)
&ldquo;This is how most Americans will ultimately be able to get ahead,&rdquo; The Washington Post&rsquo;s Heather Long&nbsp;<a href="https://x.com/byHeatherLong/status/1856696575914852665/" rel="">wrote</a>. &ldquo;Prices won&#39;t go down, but wages will go up enough to offset the higher prices.&rdquo;
We&rsquo;re also on a&nbsp;<a href="https://www.tker.co/i/150811009/review-of-the-macro-crosscurrents" rel="">46-month streak</a>&nbsp;of net job creation in America. When more people have jobs, more people have money to spend.
<h3>Zooming Out&nbsp;</h3>
With a new political party moving into the White House next year, we can expected an&nbsp;<a href="https://www.tker.co/p/political-party-affiliation-affects-consumer-sentiment" rel="">upheaval in consumer sentiment</a>.
But as we&rsquo;ve learned in recent years,&nbsp;<a href="https://www.tker.co/p/consumers-spending-travel-leisure-services" rel="">people won&rsquo;t put their lives on hold</a>&nbsp;just because sentiment is poor. If they have money,&nbsp;<a href="https://www.tker.co/p/sentiment-down-vacation-spending-up" rel="">they will spend it</a>.
A version of this post was originally published on <a href="https://www.tker.co/p/household-finances-strong-holiday-shopping-preview?publication_id=26696&amp;post_id=151457436&amp;isFreemail=true&amp;r=2dvdoy&amp;triedRedirect=true">Tker.co</a>.

Economics

General

Americans Have Money, And They Plan To Spend It During The Holidays

Offerings

American Tower Reports Pricing Of Its Registered Public Offering Of Senior Unsecured Notes Due 2030 And 2035

Spirit AeroSystems Enters Purchase Agreement To Sell Fiber Materials Business Based In Biddeford, Maine, And Woonsocket, Rhode Island, To Tex-Tech For $165M In Cash

Earnings

TATT

TAT Techs Q3 EPS $0.26 Up From $0.24 YoY, Sales $40.46M Up From $29.93M YoY

Lazydays Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GORV#NASDAQ">GORV</a>) reported quarterly sales of $213.47 million which missed the analyst consensus estimate of $238.05 million by 10.33 percent. This is a 23.95 percent decrease over sales of $280.68 million the same period last year.

Earnings Misses

GORV

Lazydays Hldgs Q3 Sales $213.47M Miss $238.05M Estimate

Neurogene (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NGNE#NASDAQ">NGNE</a>) reported quarterly losses of $(1.19) per share which beat the analyst consensus estimate of $(1.22) by 2.46 percent.

Earnings Beats

NGNE

Neurogene Q3 2024 GAAP EPS $(1.19) Beats $(1.22) Estimate

GOOG

GOOGL

DOJ To Push Google To Sell Off Chrome To Break Search Monopoly

Analysts have a range of choices when valuing cannabis companies. Viridian commonly uses Discounted Cash Flow Analysis, Public Company Comparables, and M&amp;A Precedent Transactions to value both small private concerns as well as larger public companies.
<ul>
<li>
<img alt="untitled_design_8.png" src="https://www.benzinga.com/files/images/2024/November/18/untitled_design_8.png" style="height:624px; width:624px" />
</li>
</ul>
But, consider the task of valuing a company where the current asset value is close to or even below the value of the debt. The companies in the chart all have total liabilities to market cap in excess of 9x, a good measure of distress. In addition, our initial assigned asset value for all of them, except Cannabist (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cbstf#OTC">CBSTF</a>), is lower than the debt.
Does that mean that the equity is worthless? No, it doesn&rsquo;t. Finance theory teaches us that we can look at equity as a call on the value of the assets with a strike price of the debt. If the value of the assets is more than the value of the debt, then equity holders have the option to liquidate the assets for the difference. If the asset value remains less than the debt, the equity holders can hand the keys to the debt holders and walk away with no further liabilities. In that framework, corporate equity can never be worth zero unless the time for the option runs out. The chart compares our option valuation with the current market cap of each company.
The application of this simple idea is less obvious. How do we get the current value of the assets, for example? We have chosen a maximum of 1x sales and a liquidation value of 1x tangible assets. We realize these values seem low, but remember, we are talking about equities with considerable credit risk. Another question is how do we get the option life? We have chosen the weighted average maturity of the debt. For companies whose debt is already classified as a current liability, we have assigned a one-year life.
Volatility is a crucial assumption of any option model, and we have chosen 30% as our number. This is the same value we use to model the equity call options embedded in convertible debt or warrants. We have found this to be a pretty good value, lower than observed volatilities of equities but responsive to the fact that cannabis equities option valuation is constrained by the difficulty and expense of shorting the stocks. It should be a reasonable, although arguably conservative, estimate of asset value volatility.
We use the Black-Scholes model as our valuation engine since none of these companies are likely to pay a dividend in the near future.
Several of these companies, including Slang (OTC: <a class="ticker" href="https://www.benzinga.com/stock/slgwf#OTC">SLGWF</a>), Statehouse (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sthzf#OTC">STHZF</a>), and Tilt (OTC: <a class="ticker" href="https://www.benzinga.com/stock/tlltf#OTC">TLLTF</a>), are in the process of liquidating assets. Others like AYR (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ayrwf#OTC">AYRWF</a>), Cannabist (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cbstf#OTC">CBSTF</a>), Gold Flora (OTC: <a class="ticker" href="https://www.benzinga.com/stock/gram#OTC">GRAM</a>), and Schwazze are not currently in any restructuring process despite our debt metrics indicating distress.
Note that six of the eleven companies have option valuations below their current market caps, while five are considerably higher.&nbsp;&nbsp;
It is natural to view volatility as a negative, but investors should remember that the opposite is true. Distressed cannabis equities have two critical assets that don&rsquo;t appear on the balance sheet: time and hope. With so many potential positive catalysts on the horizon, option valuation techniques are an important tool to consider, particularly for those higher-risk equities.
The Viridian Capital Chart of the Week highlights key investment, valuation and M&amp;A trends taken from the Viridian Cannabis Deal Tracker.
The <a href="https://viridianca.us1.list-manage.com/track/click?u=078ead34a8bbcfd77b0486326&amp;id=c89a19f9ee&amp;e=2699f9b787">Viridian Cannabis Deal Tracker</a> provides the market intelligence that cannabis companies, investors, and acquirers utilize to make informed decisions regarding capital allocation and M&amp;A strategy. The Deal Tracker is a proprietary information service that monitors capital raise and M&amp;A activity in the legal cannabis, CBD, and psychedelics industries. Each week the Tracker aggregates and analyzes all closed deals and segments each according to key metrics:
<ul>
<li>
Deals by Industry Sector (To track the flow of capital and M&amp;A Deals by one of 12 Sectors - from Cultivation to Brands to Software)
</li>
<li>
Deal Structure (Equity/Debt for Capital Raises, Cash/Stock/Earnout for M&amp;A) Status of the company announcing the transaction (Public vs. Private)
</li>
<li>
Principals to the Transaction (Issuer/Investor/Lender/Acquirer) Key deal terms (Pricing and Valuation)
</li>
<li>
Key Deal Terms (Deal Size, Valuation, Pricing, Warrants, Cost of Capital)
</li>
<li>
Deals by Location of Issuer/Buyer/Seller (To Track the Flow of Capital and M&amp;A Deals by State and Country)
</li>
<li>
Credit Ratings (Leverage and Liquidity Ratios)
</li>
</ul>
Since its inception in 2015, the Viridian Cannabis Deal Tracker has tracked and analyzed more than 2,500 capital raises and 1,000 M&amp;A transactions totaling over $50 billion in aggregate value.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

Cannabis

Penny Stocks

AYRWF

THE CANNABIST CO HLDG by THE CANNABIST COMPANY HOLDINGS INC.

CBSTF

GRAM

SLGWF

STEEL AND TUBE HLDGS LTD by Steel and Tube Holdings Ltd

STHZF

TLLTF

Viridian Chart Of The Week: A Different Perspective On Valuing Distressed Cannabis Equities – Option Based Valuation

There were no disagreements between Leibowitz and the Company. Leibowitz's decision to depart was not related to the operations, policies or practices of the Company or any issues regarding accounting policies or practices.&nbsp;
The Company also announced that its Board of Directors has appointed Scott Buchanan, the Company's current Chief Operating Officer and a member of the Board, to the role of Acting CFO and Principal Financial Officer effective as of the date of Mr. Leibowitz's resignation, while maintaining his role as the Company's COO. The Company has launched a search for a permanent CFO.
 &nbsp;

Management

Bitcoin Depot Reveal That Glen Leibowitz Has Resigned From His Role As CFO, Effective November 15, 2024, For Personal Reasons; Scott Buchanan Named As Acting CFO  - Filing

STOCK CLIMBS 3.9% AT HIGH
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Today, at 10:07 AM on November 18th, a significant trading signal occurred for Monolithic Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) as it demonstrated a Power Inflow at a price of $187.80. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Monolithic Power&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Monolithic Power&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for MPWR, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $566.26. The returns on the High price ($588.52) and Close price ($587.84) after the Power Inflow were respectively 3.9% and 3.8%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case
Past Performance is Not Indicative of Future Results

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