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Astera Labs

Astera Labs Inc is a company that offers an Intelligent Connectivity Platform, comprised of Semiconductor-based, high-speed mixed-signal connectivity products that integrate a matrix of microcontrollers and sensors. COSMOS, their software suite which is embedded in its connectivity products and integrated into their customers' systems. The Company delivers critical connectivity performance, enables flexibility and customization, and supports observability and predictive analytics. This approach addresses the data, network, and memory bottlenecks, scalability, and other infrastructure requirements of hyperscalers and system original equipment manufacturers.

Astera Labs Inc

AURORA LABS LTD by Aurora Labs Ltd.

ALABAMA AIRCRAFT INDUS by Alabama Aircraft Industries, Inc.

Alabama Aircraft Industries Inc

<a href="https://www.bloomberg.com/news/articles/2024-10-09/blackrock-among-suitors-said-to-explore-buying-credit-firm-hps">https://www.bloomberg.com/news/articles/2024-10-09/blackrock-among-suitors-said-to-explore-buying-credit-firm-hps</a>
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BlackRock Inc. is among firms exploring a purchase of HPS Investment Partners, according to people with knowledge of the matter, in a deal that would push the world's biggest asset manager into the top ranks of the private-credit market.

Reported Earlier, 'BlackRock Is Among Suitors Exploring Purchase of Credit Firm HPS' - Bloomberg

<a href="https://www.youtube.com/watch?v=6oRzr8IdVhU" title="https://www.youtube.com/watch?v=6oRzr8IdVhU">https://www.youtube.com/watch?v=6oRzr8IdVhU</a>

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Chip stocks have taken the market by storm over the past several years, racking up huge returns in many cases. However, many of these high-flying stocks are not returning value to their shareholders in the form of dividend income. Thankfully, there are companies in this industry that can be looked at to provide dividends. Below, I&#39;ll detail three of these firms.
<h2>Everything&#39;s Bigger (Including Dividends) in Texas</h2>
First up is Texas Instruments (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txn#NASDAQ">TXN</a>). The integrated device manufacturer (IDM) has a next 12 months forecasted dividend yield of 2.7%. Although this level is nothing groundbreaking, it&#39;s much higher than the average of U.S. stocks in this industry of around 0.6%. As an IDM, Texas Instruments both designs and manufactures its chips.
Texas Instruments&#39; main focus is on producing analog chips. These chips take in real-world inputs, such as sound or temperature, and then convert that information into digital form. Analog chips made up 74% of the company&#39;s revenue in 2023. These chips are used largely in the industrial and automotive industries. These markets comprised 50% and 34% of the company&#39;s total sales in 2023, respectively.
The company calls its other segment &quot;embedded processing.&quot; It focuses on executing software commands, rather than taking in real-world signals. Texas Instruments boasted an impressive 32% operating margin in the last quarter, which ranked as the fifth highest among U.S. semiconductor stocks. Additionally, the company&#39;s stock has been rising this year, despite the fact that its industry has seen slowing activity.
Shares are up 18% this year; however, revenues dropped nearly 16% last quarter. Unfortunately, forecasts for earnings don&#39;t look much better, with earnings expected to drop by 25% over the next year. However, this creates a relatively low bar for the company to jump over, meaning it might be able to surpass expectations.
<h2>Qualcomm&#39;s Dividend Yield Shows a Notable Income Stream</h2>
Next up is Qualcomm&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>). This chip stock has a next 12 months forecasted dividend yield of just over 2%. Again, nothing special, but significantly more than the 0.03% yield that NVIDIA&nbsp;provides. Qualcomm&#39;s business is largely based on designing chips for mobile devices and laptops. The company is a fabless chip designer, meaning it only designs its chips and has them manufactured by another company.
The company&#39;s Snapdragon chips are often found in Android smartphones and Windows-based laptops. It makes chips for a range of devices, from low-tier to premium smartphones. In 2023, mobile devices contributed to 63% of the company&#39;s revenues. Most of the rest came from the Internet of Things (IoT) and licensing.
Qualcomm has a large library of patents that it licenses&nbsp;to other companies. In 2023, the United States government issued Qualcomm the&nbsp;second-most&nbsp;patents. This part of Qualcomm&#39;s business is very profitable.
The segment had an earnings before taxes (EBT) margin of 68% in 2023. Wall Street analysts are most bullish on Qualcomm among stocks on this list, based on its average price target. The average price target of $217 implies that the stock could rise 30% from its current level.
<h2>Broadcom Hasn&#39;t Forgotten About Dividends Either</h2>
The last company on this list of dividend-paying chip stocks is Broadcom (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avgo#NASDAQ">AVGO</a>). Broadcom&#39;s dividend yield is the least of this bunch, coming in at a small but still notable 1.3%. One part of Broadcom&#39;s business where it stands out is in making application-specific integrated circuits (ASICs).
These chips perform specific tasks extremely well, increasing their speed and energy efficiency. However, they are not made to do a broad set of tasks, which is something graphics processing units (GPUs) are very good at. Broadcom is also a fabless chip company and is a leader in ASICs. Broadcom stock has had a fantastic year in 2024, with its share price up nearly 57%. This ranks in the top five among U.S. semiconductor firms.
The company&#39;s strong margins are notable. Its 76% gross margin last quarter is slightly higher than NVIDIA&#39;s, and its 32% operating margin was just below that of Texas Instruments. Broadcom&#39;s average price targets imply a 9% upside. Still, 37 analysts rate it a buy, with none rating it a sell.
Analysts expect the company to show continued strength, projecting revenue to rise 44% over the next year, and anticipate EPS to increase 15%. Markets will be looking for the company to meet or exceed these strong expectations.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/3-dividend-paying-chip-stocks-you-dont-want-to-miss/">3 Dividend-Paying Chip Stocks You Don&#39;t Want to Miss</a>&quot; first appeared on MarketBeat.

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3 Dividend-Paying Chip Stocks You Don't Want to Miss

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INTR

Inter & Co shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $7.50 to $8.50.

Citizens Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cfg#NYSE">CFG</a>) is scheduled to report its third-quarter 2024 results on Oct. 16, before the opening bell. The company&#39;s earnings and revenues in the third quarter are expected to have declined from the year-ago reported figures.
In the second quarter of 2024, CFG&#39;s earnings missed the Zacks Consensus Estimate on lower net interest income (NII), a rise in provisions and operating expenses. However, an increase in non-interest income and lower allowance for credit losses offered some support.
The company&#39;s earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, the negative surprise being 16.39%, on average.
<div class="chart_embed">
<h3>Citizens Financial Group, Inc. Price and EPS Surprise</h3>
<h2><img alt="Citizens Financial Group, Inc. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/01/1728481134.png" style="height:266px; width:547px" title="" /></h2>
Citizens Financial Group, Inc. price-eps-surprise | Citizens Financial Group, Inc. Quote
</div>
<h2>Factors to Influence CFG&#39;s Q3 Earnings</h2>
Loans: The clarity on the Fed&#39;s rate cut path and the stabilizing macroeconomic backdrop are likely to have provided support to the lending scenario. According to the latest data from the Fed, the demand for commercial and industrial and consumer loans was modest in the first two months of the quarter, while demand for commercial real estate remained subdued.
The company&#39;s lending book is likely to have been positively impacted by improvement in commercial loans, while the subdued real estate loan demand might have offset growth to some extent.
The Zacks Consensus Estimate for average interest-earning assets is pegged at $199 billion, indicating an increase of nearly 1% from the prior quarter&#39;s reported figure. We estimate the metric to be $212.5 billion.
Net Interest Income: On Sept. 18, the Federal Reserve cut interest rates by 50 basis points to 4.75-5% for the first time since March 2020. While this development might prove to be helpful in the long term, it is not expected to have a positive impact on CFG&#39;s NII during the third quarter.
Also, relatively higher rates might have hurt NII growth prospects similar to the last quarter due to the elevated funding/deposit costs and an inverted yield curve during the major part of the quarter.
Management expects NII to be down 1-2% in the third quarter compared with the second quarter&#39;s reported figure of $1.41 million.
The Zacks Consensus Estimate for NII is pegged at $1.39 billion, indicating a 1.7% decrease from the prior quarter&#39;s reported figure. Our estimate for the metric is pegged at $1.38 billion.
Non-Interest Income: As the central bank lowered the interest rates, mortgage rates started to come down. The rates declined to almost 6.2% by the end of the third quarter. Although mortgage origination volume remained subdued in the quarter under review, refinancing activities witnessed a significant surge supported by lower mortgage rates. This is likely to have supported CFG&#39;s mortgage banking fees.
The Zacks Consensus Estimate for mortgage banking fees is pegged at $55.9 million, indicating a 3.5% rise from the prior quarter&#39;s reported figure. Our estimate for the metric is pegged at $62.1 million.
Decent client activity and impressive equity market performance are likely to have boosted the company&#39;s trust and investment services fees. The Zacks Consensus Estimate for trust and investment services fees is pegged at $77.8 million, indicating a 3.7% increase from the previous quarter&#39;s reported figure. Our estimate for the metric is pegged at $73.9 million.
Global mergers and acquisitions in the third quarter of 2024 showed improvement after subdued 2023 and 2022. Both deal value and volume were decent during the quarter, driven by solid financial performance, higher chances of a soft landing of the U.S. economy, buoyant markets and interest rate cuts. However, tough scrutiny by antitrust regulators and lingering geopolitical issues are likely to have affected the company&#39;s capital markets fee.
The Zacks Consensus Estimate for capital markets fees is pegged at $120.9 million, indicating a sequential decline of 9.8%. We estimate the metric to be $108.6 million.
Citizens Financial&#39;s efforts to enhance deposit balances on the back of past strategic acquisitions are likely to have aided service charge and fee revenues in the quarter under review. The Zacks Consensus Estimate for the service charge and fee revenues is pegged at $107.8 million, indicating a rise of 1.7% from the prior quarter&#39;s reported level. Our estimate for the metric is pegged at $111.1 million.
The Zacks Consensus Estimate for card fees is pegged at $89.4 million, indicating a sequential decline of 2.7%. We estimate the metric to reach $86.6 million.
Management expects fee income in the third quarter to be slightly up compared with $549 million in the second quarter. Further, the Zacks Consensus Estimate for the metric is pegged at $553.3 million, indicating a marginal sequential increase. Our estimate for the metric is pegged at $556.2 million.
Expenses: Citizens Financial&#39;s expenses are expected to have flared up in the quarter under review on the opening of private banking offices, franchise expansion, as well as investments in newer technological advancements.
Management projects adjusted non-interest expenses to be stable in the third quarter compared with the second-quarter 2024 level of $1.27 billion.
Asset Quality: The company is expected to have set aside substantial money for potential bad loans, especially commercial loans which accounted for 50.7% of total loans and leases as of June 30, 2024, given the expectations of an economic slowdown.
The Zacks Consensus Estimate for non-accrual loans and leases is pegged at $1.54 billion, indicating a rise of 1.2% from the previous quarter&#39;s reported figure. Our estimate for the metric is pegged at $1.51 billion.
<h2>What Our Model Unveils for CFG?</h2>
Our proven model predicts an earnings beat for Citizen Financial this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of an earnings beat. That is the case here, as you can see below.
Earnings ESP: Citizens Financial has an Earnings ESP of +0.31%.
Zacks Rank: The company currently carries a Zacks Rank of 3.
The Zacks Consensus Estimate for third-quarter earnings has remained unchanged in the past seven days at 78 cents per share. It suggests a year-over-year decline of 8.24%.
The consensus estimate for quarterly revenues of $1.94 billion indicates a 3.6% decline from the prior-year quarter&#39;s reported figure.
<h2>Other Stocks to Consider</h2>
Here are some other bank stocks that you may want to consider, as our model shows that these, too, have the right combination of elements to post an earnings beat this time around:
First Horizon Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fhn#NYSE">FHN</a>) has an Earnings ESP of +3.18% and carries a Zacks Rank #3 at present. The company is scheduled to release its third-quarter 2024 earnings on Oct. 16.
FHN&#39;s quarterly earnings estimates have been unchanged over the past 60 days.
The Earnings ESP for M&amp;T Bank Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mtb#NYSE">MTB</a>) is +0.49% and it carries a Zacks Rank #3 at present. The company is slated to report its third-quarter 2024 results on Oct. 17.
Over the past seven days, the Zacks Consensus Estimate for MTB&#39;s quarterly earnings has remained unchanged in the past seven days.
<a href="https://www.zacks.com/stock/news/2348450/fee-income-to-support-citizens-financial-s-q3-earnings-amid-lower-nii?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2348450">To read this article on Zacks.com click here.</a>

Earnings Misses

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Management

Federal Reserve

Fee Income to Support Citizens Financial's Q3 Earnings Amid Lower NII

Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$61,248</td>
<td>-1.2%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$2,412</td>
<td>-0.9%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$140.6</td>
<td>-1.5%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.1087</td>
<td>+1.98%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00001697</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%. Transactions greater than $100,000 are up from 8,143 to 9,459 in a single day. Exchanges netflows are up by 222%.</li>
<li>Coinglass data reports 47,550 traders were liquidated in the past 24 hours, with total liquidations at $102.54 million. Crypto short liquidations stand at $23.5 million, the lowest since Sep. 15.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41252337/bitget-predicts-solana-to-hit-up-to-180-in-october-meme-coin-boom-to-continue">Bitget Predicts Solana To Hit Up To $180 In October, Meme Coin Boom To Continue</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41251603/vaneck-launches-30m-early-stage-fund-for-digital-assets-ai-startups">VanEck Launches $30M Early-Stage Fund For Digital Assets, AI Startups</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41250621/peter-todd-says-im-not-satoshi-but-not-everyones-buying-that-just-as-plausible-as-the-othe">Peter Todd Says &#8216;I&#8217;m Not Satoshi&#8217; But Not Everyone&#8217;s Buying That: &#8216;Just As Plausible&#8217; As The Other Theories, Says Financial Journalist</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41247885/maxine-waters-fuels-optimism-for-stablecoin-legislation-deal-with-chairman-mchenry-before-">Maxine Waters Fuels Optimism For Stablecoin Legislation Deal With Chairman McHenry Before 2024 Ends</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41252584/caroline-ellison-settles-ftx-lawsuit-agrees-to-forfeit-majority-of-assets">Caroline Ellison Settles FTX Lawsuit, Agrees To Forfeit Majority Of Assets</a></li>
</ul>
Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Chiliz (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/chz/usd">CHZ</a>)</td>
<td>&nbsp;$0.07538</td>
<td>+14.96%</td>
</tr>
<tr>
<td>Helium (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/hnt/usd">HNT</a>)</td>
<td>&nbsp;$6.80</td>
<td>+2.5%</td>
</tr>
<tr>
<td>First Neiro On Ethereum (CRYPTO: NEIRO)</td>
<td>&nbsp;$0.001768</td>
<td>+2.2%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: With Bitcoin prices trading down, crypto trader Justin Bennett <a href="https://x.com/JustinBennettFX/status/1844069519699886563">stated</a> that it would be typical for Bitcoin to run both sides and then continue sideways when everyone is expecting $70,000.
Crypto trader Degen Hardy charted out Bitcoin's behaviour after every U.S. election.
<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"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> behavior after every US elections! Patience fam, PUMP is soon! <a href="https://t.co/1RkEkZDFzz">pic.twitter.com/1RkEkZDFzz</a>
&mdash; Hardy (@Degen_Hardy) <a href="https://twitter.com/Degen_Hardy/status/1844014963205214475?ref_src=twsrc%5Etfw">October 9, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another trader, CryptosBatman, drew parallels between Bitcoin's current and October 2023 performance. He marked that this was where it formed a local top in the first week before rallying. While he sees the same setup currently, he is concerned about the recent weak candles. He <a href="https://x.com/CryptosBatman/status/1844068896032293124">concluded</a>, "Let's hope BTC holds its current level and pushes higher in the coming weeks."
What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41256610/the-best-way-to-trade-bitcoin-after-the-fomc-minutes">The Best Way To Trade Bitcoin After The FOMC Minutes</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

$CHZ

$DOGE

$ETH

$HNT

$SHIB

$SOL

Bitcoin, Ethereum, Dogecoin Trade Sideways, Trader Predicts Rally Soon But Worried About 'Recent Weak Candles'

Citigroup analyst James Hardiman maintains Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) with a Buy and raises the price target from $204 to $253.

Citigroup Maintains Buy on Royal Caribbean Gr, Raises Price Target to $253

RBLX

Roblox shares are trading higher after Wells Fargo raised its price target from $46 to $54.

Fidelity National Info's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIS#NYSE">FIS</a>) short percent of float has risen 5.96% since its last report. The company recently reported that it has 12.59 million shares sold short, which is 3.02% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.57 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Fidelity National Info Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728501324_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Fidelity National Info has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Fidelity National Info's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Fidelity National Info's peer group average for short interest as a percentage of float is 5.77%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

How Is The Market Feeling About Fidelity National Info?

JetBlue Airways's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NYSE">JBLU</a>) short percent of float has fallen 9.42% since its last report. The company recently reported that it has 62.58 million shares sold short, which is 25.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.59 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>JetBlue Airways Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728501318_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for JetBlue Airways has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing JetBlue Airways's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, JetBlue Airways's peer group average for short interest as a percentage of float is 10.89%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

JBLU

How Is The Market Feeling About JetBlue Airways?

BJ's Wholesale Club's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>) short percent of float has fallen 3.01% since its last report. The company recently reported that it has 7.58 million shares sold short, which is 7.4% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.74 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>BJ's Wholesale Club Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728501313_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for BJ's Wholesale Club has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing BJ's Wholesale Club's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, BJ's Wholesale Club's peer group average for short interest as a percentage of float is 3.44%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(BJ) - Analyzing BJ's Wholesale Club's Short Interest

Investors looking to enter PepsiCo (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>) stock or build on existing positions should rejoice. The FQ3 2024 earnings report was weaker than expected, causing the stock price to dip. While weaker-than-expected results and a soft outlook for revenue aren&#39;t news to be happy about, the tally isn&#39;t as bad as headlines make it seem, and there is the long-term outlook to consider.&nbsp;
PepsiCo is the world&#39;s largest consumer staples company, impacted by internal and external one-offs that will soon pass. Until then, it is a solid, reliable dividend payer of Dividend King quality and will weather the current downturn in activity as it has done in the past, which is very well.
The critical details for investors to focus on today are the valuation and dividend yield. The stock, down from highs set in 2023, trades at roughly 20.5x its earnings outlook at the low end of the historical range. Likewise, the dividend distribution, which is expected to continue growing, yields about 3.25%, with shares near critical support levels and at the high end of the historical range. Investors that buy in at the current levels have limited risk and potential for a 50% share price increase at the high-end valuation range. There can be no better time to enter a blue chip stock such as this regarding long-term investing, portfolio maximization, total returns, and dollar-cost averaging.
<h2>PepsiCo&#39;s Soft Q3 Is No Concern for Long-Term Investors</h2>
PepsiCo had a softer-than-expected Q3, but each negative was offset by a positive, leaving shareholder value improved and the long-term outlook unchanged. The $23.32 billion in net revenue is down -0.6% compared to last year and missed the consensus by 200 bps, but organic growth is present, and the margin is good. Organically, core operations are up 1.3%.&nbsp;
Segmentally, Quaker North America was the weakest, with a contraction of 13%. However, the weakness is primarily due to the recalls in Q1 and the subsequent shuttering of a plant believed to be the source of contamination. Weakness was also seen in Frito Lay North America, but the 1% contraction is less of a concern and offset by organic growth in PepsiCo North America, Latin America, and Europe. Asia-Pacific (APAC) is the weakest regionally, with a contraction of -1%, impacted by rising geopolitical tensions.
PepsiCo experienced margin contraction in Q3, but aggressive cost controls and increased efficiencies produced a better-than-expected result.&nbsp; The takeaway is that adjusted earnings grew compared to last year and outpaced the consensus target and organic revenue growth. Because cost controls and investment in operational efficiencies are part of the equation, investors can expect a leverage rebound in earnings when top-line growth resumes, likely to be sometime in F2025.&nbsp;
Guidance is also mixed, with the revenue target reduced but organic EPS growth targets reaffirmed. The salient detail is that operational improvements are expected to stick, providing sufficient cash flow to sustain the fortress balance sheet while returning capital to investors and investing in the business. Regarding the balance sheet, the company produced positive cash flow operationally but negative cash flow for the business. However, that detail is offset by the timing of debt issuance and repayment, increased assets, decreased liability, and a 5% improvement in shareholder equity.&nbsp;
<h2>PepsiCo Capital Returns Help Support the Price Action over Time</h2>
PepsiCo&#39;s capital return is reliably safe and growing. The company&#39;s dividend distribution is up 7% per share compared to 2023, aided by repurchases. The repurchase activity is up incrementally compared to last year, and the count was reduced by 0.35% for the quarter and YTD periods. Investors may expect to see distribution increases slow in 2025 but not cease; share repurchases are also likely to continue at the current pace.&nbsp;
The price action in PepsiCo stock was tepid following the release, leaving the stock price down in early trading. However, the market is trading near a floor at $160, where support has been strong and is likely to produce a rebound. The $160 floor coincides with a significant uptrend line in 2024, so the rebound could be strong and result in a sustained uptrend in 2024.&nbsp;
Among the catalysts for 2025 are a return to top-line growth, leveraged results on the bottom line, and the possibility that growth will exceed the current forecasts because of the addition of Siete Foods. Siete Foods is a Mexican-American food brand growing above the industry&#39;s 4% CAGR, providing inroads into a new product vertical worth billions in annual revenue while complementing PepsiCo&#39;s better-for-you food offerings.&nbsp;
<img alt="PepsiCo PEP stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241008081101_chart-pep-1082024.png" style="height:423px; width:917px" />
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/this-is-the-entry-into-pepsico-youve-been-waiting-for/">This Is the Entry Into PepsiCo You&#39;ve Been Waiting For</a>&quot; first appeared on MarketBeat.

Guidance

Technicals

Offerings

Contracts

This Is the Entry Into PepsiCo You've Been Waiting For

NetEase Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) shares are trading lower by 5.28% to $89.45 Wednesday afternoon. Shares of U.S.-listed Chinese stocks are trading lower on continued weakness after Chinese planning officials reportedly fell short of <a href="https://www.benzinga.com/news/24/10/41254085/china-stock-rally-loses-steam-as-investor-optimism-subsides-not-quite-enough-to-satiate-lofty-expect">investor stimulus expectations</a>.
What To Know: As concerns mount over China's slowing economy, NetEase, which relies heavily on consumer spending on gaming and digital services, is facing increased uncertainty about its growth prospects.
NetEase, known for its popular online games like Fantasy Westward Journey and Justice, as well as its expanding music and education platforms, is deeply tied to the health of China's consumer market. 
The company's stock took a hit as investors reacted to underwhelming announcements from China's National Development and Reform Commission (NDRC), which failed to deliver the large-scale economic stimulus many had been hoping for. 
While expectations were high for new measures to boost consumption and stimulate growth, the NDRC's announcements were limited to modest infrastructure spending and future projects, far short of the significant fiscal support that could have shored up consumer confidence.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41254642/s-p-500-hits-new-all-time-high-ahead-of-fed-minutes-as-lower-oil-prices-offer-relief-whats-driving-">S&amp;P 500 Hits New All-Time High Ahead Of Fed Minutes As Lower Oil Prices Offer Relief: What&#8217;s Driving Markets Wednesday?</a>
This lack of aggressive stimulus has raised concerns about weaker consumer spending, particularly in discretionary sectors like gaming and entertainment, which are critical to NetEase's business. With China's economy facing headwinds from slowing growth and a shaky property market, there are fears that consumers may cut back on non-essential spending, including gaming, digital services, and in-app purchases. 
For a company like NetEase, which generates significant revenue from its gaming division, any slowdown in consumer spending could impact its top line.
What Else: NetEase's reliance on a robust domestic consumer base for its gaming revenue makes it particularly vulnerable to shifts in China's economic environment. 
If consumers become more cautious with spending, demand for entertainment products like video games and digital content could slow, putting pressure on NetEase's growth.
Despite the current challenges, NetEase has been investing heavily in expanding its portfolio of games and services, including international expansion through its gaming division, which has produced hit titles globally. The company has also been diversifying into new areas like cloud music services and online education, which have shown growth potential.
However, the lack of strong consumer stimulus from Beijing may weigh on these efforts in the near term, as economic uncertainty dampens consumer willingness to spend on digital entertainment.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41257938/fed-minutes-reveal-heated-debate-over-september-interest-rate-move-traders-trim-november-easing-">Fed Minutes Reveal Heated Debate Over September Interest Rate Move: Traders Trim November Easing Bets</a>
<h2 class="wp-block-heading">How To Buy NTES 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 NetEase&#8217;s case, it is in the Communication Services 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.
According to data from&nbsp;<a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>, NTES has a 52-week high of $118.89 and a 52-week low of $75.85.

NTES

Why NetEase (NTES) Stock Is Down 5% Today

Everest Group shares are trading higher after Jefferies maintained a Buy rating on the stock and raised its price target from $440 to $457.

Landstar System (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lstr#NASDAQ">LSTR</a>) is benefiting from its robust financial stability and strong liquidity. The shareholder-friendly approach also bodes well for the company. However, the company is grappling with the freight market downturn.
<h2>Factors Favoring LSTR</h2>
Landstar&#39;s commitment to shareholder value is commendable, as the company consistently returns significant capital to its investors through stock repurchase programs and dividends. In the first half of 2024, Landstar repurchased shares of its common stock for a total of $57 million and paid $95 million in dividends. Moreover, in August 2024, LSTR paid a quarterly dividend of $0.36 per share to its stockholders. This quarterly dividend includes a 9% increase to its regular quarterly dividend.
Despite the softness prevailing in the freight environment, the company demonstrates strong financial stability and cash-generating capabilities. By the end of the second quarter of 2024, LSTR reported cash and short-term investments totaling $504 million. For the first half of 2024, cash flow from operations reached $142 million, while cash capital expenditures amounted to $17 million.
The company exited the second quarter of&nbsp;2024 with a current ratio (a&nbsp;measure of liquidity) of 2.17. A current ratio of greater than 1 is always desirable as it indicates that the company has enough cash to meet its short-term obligations.
Shares of LSTR have rallied 4.3% over the past year compared to the&nbsp;industry&#39;s decline of 4.9% in the same period.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2f/80936.jpg?v=1698351877" />
Image Source: Zacks Investment Research
<h2>LSTR: Key Risks to Watch </h2>
The company&#39;s prospects are being negatively affected by softness in freight market demand. In the second quarter of 2024, total loadings of machinery dropped by 12% year over year. Similarly, loadings for automotive equipment and parts fell by 1%, while building products and hazardous materials decreased by 1% and 14%, respectively.
Moreover, substitute linehaul loadings, which had been one of the strongest performers during the pandemic and are highly sensitive to consumer demand, decreased by 29% compared to the second quarter of 2023.
As a result, Landstar&#39;s top line is expected to remain weak in the near term. For the third quarter of 2024, the company anticipates a decline in truckloads in the range of 6-10% year over year.
The trucking industry is also grappling with a persistent driver shortage. As seasoned drivers retire, companies struggle to attract new talent, particularly from younger generations, who may not find the profession appealing.
<h2>LSTR&#39;s Zacks Rank</h2>
LSTR currently carries a Zacks Rank #3 (Hold).
<h2>Stocks to Consider</h2>
Some better-ranked stocks for investors&#39; consideration in the Zacks Transportation sector include Ryanair (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ryaay#NASDAQ">RYAAY</a>) and Canadian Pacific Kansas City Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cp#NYSE">CP</a>).
Ryanair currently sports a Zacks Rank #1 (Strong Buy).&nbsp;RYAAY has an expected earnings growth rate of 10% for the current year.
The company has a discouraging earnings surprise history. Its earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters and missed twice, delivering an average miss of 30%. Shares of RYAAY have risen 10.2% in the past year.
Canadian Pacific also sports a Zacks Rank #1 at present and has an expected earnings growth rate of 0.3% for the current year.
The company has an encouraging track record with respect to the earnings surprise, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 2.2%. CP shares have rallied 10.6% in the past year.
<a href="https://www.zacks.com/stock/news/2348380/here-s-why-investors-should-hold-on-to-landstar-stock-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2348380">To read this article on Zacks.com click here.</a>

LSTR

RYAAY

Here's Why Investors Should Hold on to Landstar Stock Now

<a href="https://www.federalreserve.gov/monetarypolicy/fomcminutes20240731.htm" title="https://www.federalreserve.gov/monetarypolicy/fomcminutes20240731.htm">https://www.federalreserve.gov/monetarypolicy/fomcminutes20240731.htm</a>

Econ #s

Minutes of the Federal Open Market Committee September 17–18, 2024 (Link In Body)

The market capitalization of meme coins is trading sideways over the last 24 hours, with a majority of established memes like Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>), Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) and Dogwifhat (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WIF</a>) failing to back up <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41207040/dogecoin-killer-shiba-inu-up-39-over-the-past-30-days-but-that-will-accelerate-says-bullis">their September gains.</a>
What Happened: Crypto trader Unipcs highlighted that despite the hype around newer coins, established ones like Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Shiba Inu, Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>), Bonk (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BONK</a>), Dogwifha, and Pepe are <a href="https://x.com/theunipcs/status/1843679786784129184">poised</a> for a significant rally.
Unipcs referenced the previous cycle where SHIB unexpectedly surged 10x in weeks, surpassing DOGE in market capitalization. He suggested that the same could happen now, with established meme coins outperforming the new ones.
 "Your shiny new meme coins will take a breather soon, then the established meme coins will pull a super aggressive monster rally that will make you gasp for breathe," the trader noted.
He emphasized that established meme coins are traded on the most liquid outlets and have enough liquidity to absorb massive buy and sell volumes from big funds.
Unipcs also pointed out that both retail and institutional investors trust established meme coins due to their stability and resistance to market manipulations.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41097318/meme-coin-supercycle-means-13-out-of-top-20-outperforming-tokens-are-memes-will-shiba-doge">&#8216;Meme Coin Supercycle&#8217; Means 13 Out Of Top 20 Outperforming Tokens Are Memes: Will Shiba, Dogecoin Be First To Reach $100B?</a>
Meme coin leaders Dogecoin and Shiba Inu have clocked 6.6% and 26.4% gains over the past 30 days but are trading mostly sideways or down since the start of October.
Shiba Inu has seen consistent <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41163167/dogecoin-killer-shiba-inus-burn-rate-increases-227-then-why-are-technical-indicators-so-we">token burns</a> but has failed to make up further ground over the past week.
What's Next: Meme coins will be one of the central topics at the upcoming Benzinga <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41044014/dogecoin-up-6-shiba-inu-surges-14-whats-going-on-with-the-meme-coin-kings">Dogecoin Up 6%, Shiba Inu Surges 14%: What&#8217;s Going On With The Meme Coin Kings?</a></li>
</ul>
Image: Shutterstock

$BONK

$FLOKI

$PEPE

$WIF

Dogecoin, Shiba Inu, Dogwifhat Struggle But 'Established Meme Coins Will Pull A Super Aggressive Monster Rally,' Trader Vows

Finding a balance between getting more scale, but still being productive and having high margins in the current landscape in the cannabis industry, is a "daily challenge." That's according to Charlie Bachtell, CEO and co-founder of Cresco Labs Inc (OTCQX:<a class="ticker" href="https://www.benzinga.com/stock/CRLBF#OTCQX">CRLBF</a>), a company running over 70 cannabis retail locations nationwide.
It involves continually adapting to new challenges, strategies, and emerging trends across a company's operations. "You&#8217;re constantly trying to forecast where this industry is headed and at the same time, understand the industry that you&#8217;re in today," Bachtell said during a fireside chat with Jesse Redmond, head of cannabis at Water Tower Research LLC, at the <a href="https://www.benzinga.com/events/cannabis-conference/">Benzinga Cannabis Capital Conference</a> on Wednesday, in Chicago.
He added that running a cannabis business over the past decade depended heavily on how well organizations have been able to speculate about how fast and in what direction the nascent market would go.
The cannabis industry is unique among other "super fast-moving" emerging industries due to challenges to access capital and the impact of 280e on taxation.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/cannabis-conference/"><img loading="lazy" decoding="async" width="970" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/09132606/ccc-oct-24-banner__1_-20.gif" alt="" class="wp-image-588186" /></a></figure>
"Not only are you fighting this fight with one and a half hands tied behind your back, but then you are also expected to get profitable too," Bachtell said, adding it&#8217;s a constant evaluation and balancing growth while maintaining margins.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/10/41250811/exclusive-were-finally-on-the-cusp-of-something-big-verano-ceo-sees-cannabis-rescheduling-as-gam">EXCLUSIVE: &#8216;We&#8217;re Finally On The Cusp Of Something Big&#8217; — Verano CEO Sees Cannabis Rescheduling As Game-Changer</a>
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter <a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">A Success Story</h3>
Cresco Labs made its debut in Chicago in 2013 when Illinois passed the Compassionate Use of Medical Cannabis Act. &#8220;The company's goal and that of its management team has been to help normalize and professionalize this industry,&#8221; Bachtell said.
Following nascent years of getting the first buildings built and becoming operational, the company has been scaling ever since. After attempting and failing to merge with Columbia Care Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CCHWF#OTC">CCHWF</a>) &#8211; now known as The Cannabist Company Holdings Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CBSTF#OTC">CBSTF</a>) &#8211; 2023 came as "the year of the core."
"After attempting the large MMA deal, we really needed to focus on our core business and making sure that we got Cresco Labs as tight and as sound and as efficient as we possibly could, which would then best prepare us for growth in the years ahead," he said.
Year-to-date, Cresco has positioned itself to capitalize on catalysts, such as potential shifts to recreational markets in states where it already operates as a medical cannabis provider, including Ohio, Florida, and Pennsylvania, where the regulatory landscape continues to evolve.
It is important to figure out "ways to get smarter… leaner and get more juice from the same squeeze," Bachtell said. The primary focus should be to develop "skill sets that are transportable and transferable from state to state in the limited ability that you have to do it."
<h3 class="wp-block-heading">Seizing Cannabis Regulatory Shifts</h3>
That said, Bachtell is optimistic Florida's <a href="https://www.benzinga.com/markets/cannabis/24/10/41250277/miami-herald-endorses-florida-cannabis-legalization-highlights-failed-drug-war-revenue-potential">Amendment 3</a> would allow the company to go recreational in the state. Former President Donald Trump&#8216;s support has increased the likelihood of the success, he added.
"The two leaders of the main political parties in the United States both being in favor of legalization is something that we should not miss, and recognize the importance of it," Bachtell said.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/10/41241003/exclusive-cannabis-rescheduling-is-not-cure-all-for-industry-problems-experts-explain-how-tax-ta">EXCLUSIVE: Cannabis Rescheduling Is Not Cure-All For Industry Problems: Experts Explain How Tax Tactics Could Hurt Marijuana Businesses In Long Run</a></li>
</ul>
Charlie Bachtell, CEO and co-founder of Cresco Labs, speaks at the Benzinga Cannabis Capital Conference on Wednesday. Photo by Wendy Davis.

Cannabis

Entrepreneurship

Events

Exclusives

Interview

THE CANNABIST CO HLDG by THE CANNABIST COMPANY HOLDINGS INC.

CBSTF

CCHWF

CRLBF

EXCLUSIVE: Cannabis Companies Must 'Get More Juice From The Same Squeeze,' Says Cresco Labs CEO As Challenges Persist

Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) underwent analysis by 5 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Amphenol, revealing an average target of $70.4, a high estimate of $76.00, and a low estimate of $65.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 5.35%. 
<img src="https://www.benzinga.com/files/images/story/2024/1728500545_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A clear picture of Amphenol's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$70.00</td>
<td>$71.00</td>
</tr>
<tr>
<td>Wamsi Mohan</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$71.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>William Stein</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$76.00</td>
<td>$74.50</td>
</tr>
<tr>
<td>Luke Junk</td>
<td>Baird</td>
<td>Lowers</td>
<td>Outperform</td>
<td>$70.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Kevin McCarthy</td>
<td>Vertical Research</td>
<td>Announces</td>
<td>Hold</td>
<td>$65.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Amphenol. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Amphenol compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Amphenol's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Amphenol's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/APH/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Amphenol analyst ratings.</a>
<h2>All You Need to Know About Amphenol</h2>
Amphenol is a global supplier of connectors, sensors, and interconnect systems. Amphenol holds the second-largest connector market share globally and sells into the end markets of automotive, broadband, commercial air, industrial, IT and data communications, military, mobile devices, and mobile networks. Amphenol is diversified geographically, with operations in 40 countries.
<h3>Key Indicators: Amphenol's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Positive Revenue Trend: Examining Amphenol's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 18.2% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Amphenol's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.54% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Amphenol's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 5.94%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.97%, the company showcases effective utilization of assets.
Debt Management: Amphenol's debt-to-equity ratio surpasses industry norms, standing at 0.61. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Significance of Analyst Ratings Explained</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 5 Analyst Projections For Amphenol

Hedera's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/hbar/usd">HBAR</a>) price has decreased 3.25% over the past 24 hours to $0.05, continuing its downward trend over the past week of -1.0%, moving from $0.05 to its current price. 
The chart below compares the price movement and volatility for Hedera over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
<img src="https://www.benzinga.com/files/images/story/2024/1728500544_0.png" alt="price_chart" />
The trading volume for the coin has fallen 31.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.09%. This brings the circulating supply to 37.65 billion, which makes up an estimated 75.31% of its max supply of 50.00 billion. According to our data, the current market cap ranking for HBAR is #50 at $1.90 billion.
<img src="https://www.benzinga.com/files/images/story/2024/1728500544_1.png" alt="supply_and_vol" />
<a href="https://www.coingecko.com/en/api">Powered by CoinGecko API</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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