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Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts and Travel and Membership which operates a variety of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. The majority of the revenue is earned from the United States.

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The Future Fund LLC Managing Partner Gary Black anticipates Tesla Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) upcoming earnings call will face scrutiny over several critical business segments, particularly the company&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41466659/tesla-q3-earnings-preview-musk-has-questions-to-answer-traders-need-to-buckle-up-fo">autonomous driving capabilities and vehicle profitability targets</a>.
What Happened: Black, writing on social media platform X, suggested Tesla management is unlikely to discuss details of its planned $25,000-$30,000 compact vehicle during the call, citing potential impact on Model 3 sales. Management &#8220;has been clear that earnings calls are not the appropriate place to discuss new product launches,&#8221; Black noted.
The analyst highlighted pressing questions about Tesla&#8217;s autonomous driving progress, specifically the gap between current performance and regulatory requirements. 
How does Tesla &#8220;go from 300 miles per disengagement today to the 17,000 miles per disengagement likely needed by regulators to approve a robotaxi deployment license?&#8221; Black wrote, adding that management needs to provide substantive support beyond citing fleet size, data, and computing capabilities.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thoughts on <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> conference call tomorrow: Highly unlikely that management will discuss the $25K-$30K compact in detail on tomorrow's call as it would just Osborne Model 3 sales in 4Q. Mgmt has been clear that earnings calls are not the appropriate place to discuss new product…
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1848843966374125983?ref_src=twsrc%5Etfw">October 22, 2024</a></blockquote>
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Cybertruck profitability remains another key focus area, with investors seeking clarity on potential losses from the approximately 13,500 deliveries in the third quarter and the timeline for reaching breakeven status by year-end.
Black also emphasized Tesla&#8217;s significant growth potential through brand leverage, comparing it to Porsche&#8216;s successful expansion into the SUV market. He identified several untapped market opportunities for Tesla:
<ul>
<li>Compact vehicle segment ($25,000-$30,000 price range)</li>
<li>Small pickup truck market</li>
<li>Tesla Semi</li>
<li>Tesla van</li>
<li>Tesla Roadster</li>
<li>Robotaxi services</li>
<li>Robotics division</li>
</ul>
&#8220;We continue to believe the $25,000-$30,000 Tesla Compact represents the largest single value creation opportunity not currently discounted by Tesla stock,&#8221; Black concluded, while noting the robotics division&#8217;s potential remains &#8220;largely unquantifiable&#8221; pending a working prototype.
The earnings call is also expected to address questions about gross margins, financing promotions, and potential impacts of different political scenarios on Tesla&#8217;s EV policies.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">With growth stocks, we are always on the lookout for unlevered brand potential, where there is opportunity for TAM expansion by levering one's brand to enter a neighboring or lower-priced product segment. A classic example is Porsche entering the SUV segment after competing for… <a href="https://t.co/MQHB4fVIrH">pic.twitter.com/MQHB4fVIrH</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1848775128856813809?ref_src=twsrc%5Etfw">October 22, 2024</a></blockquote>
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</figure>
Black also anticipates a question about how Tesla could fare under different political leadership, specifically if Former President Donald Trump or Vice President Kamala Harris were to become president. Investors will likely be interested in how each administration&#8217;s policies might impact Tesla&#8217;s electric vehicle strategy and growth in the U.S. market.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/10/41348553/jay-z-praised-by-warren-buffett-as-the-guy-to-learn-from-once-said-he-wasnt-taught-emotiona?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jay-Z, Praised by Warren Buffett as &#8216;The Guy to Learn From,&#8217; Once Said He Wasn&#8217;t Taught Emotional Intelligence, But How To Survive — The Rap Legend&#8217;s Growth Has Made Him Not Just A Better Person, But Also Worth $2.5B Today</a>
Why It Matters: The anticipation surrounding Tesla&#8217;s conference call comes at a time when analysts are closely examining the company&#8217;s fundamentals. Analyst Troy Teslike expects <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41451228/tesla-q3-earnings-troy-teslike-gary-black-expects-eps-to-fall-below-estimates-but-d">Tesla to miss consensus estimates</a> for non-GAAP EPS, similar to previous quarters. 
Meanwhile, Wedbush Securities analyst Daniel Ives <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41436349/tesla-q3-earnings-preview-analyst-says-1-8-million-unit-estimate-hittable-for-2024-">maintains an optimistic outlook</a>, reiterating an Outperform rating with a $300 price target.
Shareholders are eager for updates on <a href="https://www.benzinga.com/markets/equities/24/10/41445510/tesla-shareholders-demand-answers-from-elon-musk-on-growing-list-of-promises-ahead-of-q3-earning">Tesla&#8217;s pending promises</a>, including timelines for upcoming products and the rollout of Full Self-Driving technology. Despite challenges, The Future Fund LLC <a href="https://www.benzinga.com/markets/equities/24/10/41420662/gary-black-explains-why-he-doesnt-factor-in-robotaxi-or-optimus-to-tesla-valuation-investors-may">remains optimistic about Tesla&#8217;s prospects</a>, citing global EV adoption trends and expansion opportunities as key factors in their long position.
Price Action: Tesla stock closed at $217.97 on Tuesday, down 0.40% for the day. In after-hours trading, the stock dipped further 0.22%. Year-to-date, Tesla&#8217;s stock has dropped by 12.26%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/10/41420779/dan-ives-acknowledges-nvidia-microsoft-as-core-drivers-of-ai-but-sees-palantir-ibm-amd-and-apple?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dan Ives Acknowledges Nvidia, Microsoft As &#8216;Core Drivers Of AI&#8217; But Sees Palantir, IBM, AMD And Apple Joining The Party As Well — Robust Q3 Earnings Expected</a></li>
</ul>
Image Via Tesla 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

News

Markets

TSLA

Tesla's Fancy Data And Computing Claims Likely Will Not Impress Investors: Gary Black Highlights Drastic Jump In EV Disengagement Rates And Missing Robotaxi Details As Key Question

The U.S. cannabis industry, valued at $30 billion, is experiencing a notable change: young women are now consuming more cannabis than <a href="https://www.benzinga.com/cannabis">men for the first time. </a>
This trend is causing companies to reevaluate their product offerings and marketing strategies, as <a href="https://www.reuters.com/world/us/breaking-grass-ceiling-pot-firms-rethink-strategy-young-women-lead-cannabis-use-2024-10-22/">reported</a> by Reuters.
See Also: <a href="https://www.benzinga.com/markets/cannabis/24/03/37569338/22-most-influential-women-in-the-cannabis-industry-and-the-secret-to-meet-them-in-person-in-2024">20 Most Influential Women In The Cannabis Industry And The Secret To Meet Them In Person In 2024</a>
<h3 class="wp-block-heading">A Shift In Consumption Patterns</h3>
Data from the U.S. National Institute on Drug Abuse (NIDA) shows that women aged 19 to 30 have surpassed men of the same age in cannabis use. 
NIDA director Nora Volkow points out that this rise may be partly due to a need for relief from stress and anxiety. In interviews with regular female cannabis users, many cited mental health concerns, such as anxiety and depression as primary reasons for their usage.
Retailers are taking note of this demographic shift. Lauren Carpenter, CEO of the cannabis dispensary chain Embarc, told Reuters. "Creating new products or rebranding may seem like sunk cost, but with women making over 80% of purchasing decisions in the U.S., it&#8217;s not just smart, it&#8217;s necessary."
Women now account for 55% of users on Jointly, a cannabis product discovery app, leading retailers to adjust their inventory accordingly.
<h3 class="wp-block-heading">Changes In Retail Strategies</h3>
The average purchase size for female consumers has exceeded that of male consumers, with Housing Works Cannabis Co. reporting that female buyers spent an average of $91, compared to $89 for male buyers. In response, cannabis retailers are refocusing their shelves on products that appeal to women, such as edibles, tinctures, topicals and beverages.
New York-based Tilray Brands Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLRY#NASDAQ">TLRY</a>), which has a market cap over $1 billion, is increasing investments in brands popular with female customers, including Solei Cannabis. The company has found success with its lemon iced tea, priced around $6, contributing to its 45% market share in the cannabis beverage market.
Calgary-based High Tide Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) has also made strategic moves, acquiring Queen of Bud, a brand known for products aimed at women that feature higher concentrations of THC. These shifts demonstrate the growing significance of female consumers in the cannabis market.
<h3 class="wp-block-heading">Broader Implications</h3>
The trend toward female cannabis consumers reflects broader societal changes, including the ongoing legalization of cannabis across various U.S. states and increasing social acceptance. Tatiyana Brooks, co-founder of the cannabis data firm GetCannaFacts, explains that women are more likely to buy from the legal market than men, presenting long-term benefits for businesses.
A generational shift is also evident, as many younger customers are choosing cannabis over alcohol and tobacco. Retailers are recognizing the importance of adapting to these new consumer preferences. 
"Businesses that take the buying power of female cannabis consumers more seriously will stay ahead of the curve among competitors," Brooks adds.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cannabis/24/04/38497632/bridging-gaps-women-lead-change-in-cannabis">Bridging Gaps: Women Lead Change In Cannabis</a></li>
</ul>

Cannabis

HITI

TLRY

Female Cannabis Consumers Outspend Men: How Tilray And High Tide Are Responding

Leading cryptocurrencies went sideways on Tuesday, aligning with the stock market&#8217;s subdued movements.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:30 p.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+0.77%</td>
<td>$67,187.47</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.44%</td>
<td>$2,616.25</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-2.07%</td>
<td>$0.1381</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin experienced volatile price activity in the $67,000 range, with bulls eyeing the psychologically critical $70,000 milestone and higher.
Ethereum dropped nearly to $2,500 before reversing course. These assets spiked to multi-month highs just before the trading week began but have since failed to sustain the rally.
Total cryptocurrency liquidations exceeded $112 million in the last 24 hours, with bullish leveraged traders facing the most losses.&nbsp;
According to Coinglass, nearly $1.6 billion in short positions will be liquidated if Bitcoin rebounds to $69,000.
The Open Interest in Bitcoin futures dropped by 0.60%, mirroring the contraction in spot price.&nbsp;
However, market sentiment remained in the "Greed" zone as of this writing, according to the Cryptocurrency Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 8:45 p.m. EDT)</td>
</tr>
<tr>
<td>Beam (BEAM)</td>
<td>+10.73%</td>
<td>$0.01951</td>
</tr>
<tr>
<td>Popcat (POPCAT)</td>
<td>+10.70%</td>
<td>$1.42</td>
</tr>
<tr>
<td>Kaspa (KAS)</td>
<td>+5.72%</td>
<td>$0.1358</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency stood at $2.33 trillion, contracting 0.66% in the last 24 hours.
Major stock indexes closed lower for the second straight day. The Dow Jones Industrial Average slipped 0.02% to end at 42,924.89. The S&amp;P 500 dipped 0.05% to 5,851.20. The tech-focused Nasdaq Composite proved to be the silver lining, closing 0.18% higher at 18,573.13.
The sluggish moves come amid the rising benchmark 10-year Treasury yield, which climbed above 4.2% for the first time in nearly three years.
Meanwhile, investors <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">expected </a>a 91% chance of a 25 basis point rate cut during the next FOMC meeting, as per the CME FedWatch tool.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Popular cryptocurrency analyst and trader Justin Benett predicted Bitcoin to drop lower from the rangebound action.
"Bitcoin whale positioning vs. retail indicates the path is likely to be lower for now. But don&#8217;t rule out a quick liquidity grab at $68,200 first," Bennett remarked.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Is today&#39;s <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> range a bottoming pattern or simply a pause before lower? &#x1f914;<a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> whale positioning vs. retail indicates the path is likely to be lower for now. BUT don&#39;t rule out a quick liquidity grab at $68,200 first. Source: <a href="https://twitter.com/hyblockcapital?ref_src=twsrc%5Etfw">@hyblockcapital</a> Sign up at:… <a href="https://t.co/wBx0JF44u9">pic.twitter.com/wBx0JF44u9</a>
&mdash; Justin Bennett (@JustinBennettFX) <a href="https://twitter.com/JustinBennettFX/status/1848778484346241077?ref_src=twsrc%5Etfw">October 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Interestingly, cryptocurrency analytics firm Kaiko reported that the Bitcoin premium on Korean exchanges has transformed into a discount, traditionally considered a forerunner to BTC rallies.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BTC premium on Korean exchanges has turned into a discount for the second time since September. &#x1f4c8;Historically, this has often preceded <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> price rallies! <a href="https://t.co/VQqJWSqzmT">pic.twitter.com/VQqJWSqzmT</a>
&mdash; Kaiko (@KaikoData) <a href="https://twitter.com/KaikoData/status/1848726000818958689?ref_src=twsrc%5Etfw">October 22, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next:&nbsp;&nbsp;&nbsp;&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41424841/donald-trumps-polymarket-odds-rise-to-61-3-after-mcdonalds-appearance">Donald Trump&#8217;s Polymarket Odds Rise To 61.3% After McDonald&#8217;s Appearance</a></li>
</ul>

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

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$BTC

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Flat As Stocks Show Weakness For Second Straight Day: Analyst Anticipates Further Downsides Before A Liquidity Grab At This Level

On Tuesday, U.S. markets closed with mixed results. The Dow Jones Industrial Average remained nearly unchanged at 42,924.89, while the S&amp;P 500 slipped slightly by 0.05% to 5,851.20. The Nasdaq, however, gained 0.2%, finishing at 18,573.13.
Despite the overall market performance, certain stocks managed to capture the attention of retail traders and investors. Here are the top five trending stocks of the day:
Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>)
Trump Media &amp; Technology Group Corp. saw its shares rise by 9.87% to close at $34.39 today, following the <a href="https://www.benzinga.com/markets/equities/24/10/41459673/whats-going-on-with-trump-media-technology-stock-today">launch of its Truth+ streaming app</a> for Android TVs. The app, now available on the Google Play Store, offers a diverse range of programming.
McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>)
Shares of McDonald&#8217;s Corp. dropped slightly by 0.06% to $314.69 after the U.S. Centers for Disease Control And Prevention linked an E. coli outbreak to the company&#8217;s Quarter Pounder burgers. The <a href="https://www.benzinga.com/news/24/10/41468120/mcdonalds-stock-drops-after-cdc-identifies-e-coli-outbreak-linked-to-quarter-pounders">CDC is currently conducting a fast-moving outbreak investigation</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41445510/tesla-shareholders-demand-answers-from-elon-musk-on-growing-list-of-promises-ahead-of-q3-earning?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Shareholders Demand Answers From Elon Musk On Growing List Of Promises Ahead Of Q3 Earnings: From Affordable Models To FSD Rollout And Next-Generation Roadster</a>
Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)
Starbucks Corp shares increased by 0.38% to $96.82 despite the company reporting weak preliminary results and suspending its guidance. The coffee giant <a href="https://www.benzinga.com/news/earnings/24/10/41468529/starbucks-stock-stumbles-after-company-reports-weak-preliminary-results-suspends-guidance">anticipates a decline</a> in consolidated net revenues and global comparable sales.
Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>)
Philip Morris International Inc. saw a significant increase in its stock, rising by 10.47% to $131.41. The company reported better-than-expected third-quarter earnings, with <a href="https://www.benzinga.com/news/earnings/24/10/41453988/marlboro-maker-philip-morris-highlights-strong-q3-performance-on-higher-prices-issues-upbeat-annual">revenue of $9.91 billion</a>, up 8.4% year over year.
Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
Tesla Inc&#8217;s shares dipped slightly by 0.40% to $217.97. The company is expected to address key topics such as its sub-$30,000 vehicle and the rollout timeline for its robotaxi when it <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41466659/tesla-q3-earnings-preview-musk-has-questions-to-answer-traders-need-to-buckle-up-fo">reports its third-quarter financial results</a> after market close Wednesday.
Photo by Phongphan on Shutterstock
Prepare for the day&#8217;s trading <a href=""Premarket">with top premarket movers and news</a> by Benzinga.
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41422079/jpmorgan-boss-jamie-dimon-doubts-bitcoins-21m-supply-cap-despite-5-lines-in-source-code-im?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">JPMorgan Boss Jamie Dimon Doubts Bitcoin&#8217;s 21M Supply Cap Despite 5 Lines In Source Code Imposing The Hard Limit: &#8216;You Guys All Believe That?&#8217;</a></li>
</ul>
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

SBUX

Trump Media, Mcdonald's, Starbucks, Philip Morris, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

Former President Donald Trump has proposed making the interest on car loans tax-deductible for vehicles manufactured in the United States. This move is seen as an attempt to bolster the <a href="https://www.benzinga.com/general/politics/24/10/41477318/trump-vs-harris-vice-president-holds-slim-lead-losing-momentum-in-key-demographics-favorability-">American auto industry and attract voters</a>.
What Happened: Trump made this announcement on Tuesday during a rally in North Carolina. He stated that if elected, he would make the interest on car loans fully tax-deductible for vehicles produced in the U.S., reported Reuters.
&#8220;I will make interest on car loans fully tax-deductible,&#8221; Trump said. &#8220;I am only going to do it if they build that particular product &#8211; namely an automobile &#8211; in the United States.&#8221;
See Also: <a href="https://www.benzinga.com/news/24/10/41415419/kevin-oleary-calls-for-400-tariffs-on-china-but-his-shark-tank-co-star-and-friend-mark-cuban-fires-b?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kevin O&#8217;Leary Calls for 400% Tariffs On China, But His &#8216;Shark Tank&#8217; Co-Star And Friend Mark Cuban Fires Back With Business Concerns</a>
With the presidential election just two weeks away, Trump&#8217;s proposal is seen as a strategic move to win over voters.
Why It Matters: Trump&#8217;s proposal comes amid a tight race between him and Democratic Vice President Kamala Harris. Both candidates have been making <a href="https://www.benzinga.com/news/24/10/41312782/trumps-economic-policies-expected-to-drive-inflation-and-deficits-higher-than-harris-economists-say">economic pledges to appeal to voters</a>.
This is not the first time Trump has proposed economic incentives to boost the American auto industry. Earlier in September, he pledged to impose <a href="https://www.benzinga.com/news/24/09/41019716/trump-pledges-100-tariffs-on-all-cars-made-in-mexico-the-only-way-theyll-get-rid-of-that-tariff-is">100% tariffs on cars made in Mexico</a> if elected. He also suggested that <a href="https://www.benzinga.com/general/politics/24/10/41279272/donald-trump-pushes-tariffs-on-chinese-cars-in-detroit-visit-vows-to-revamp-industry">car assembly work in the U.S. is simple</a>, drawing criticism from labor advocates and Democratic officials.
However, economists have warned that Trump&#8217;s <a href="https://www.benzinga.com/news/24/10/41312782/trumps-economic-policies-expected-to-drive-inflation-and-deficits-higher-than-harris-economists-say">economic policies could lead to higher inflation</a> and deficits compared to Harris&#8217; policies, as per a survey.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/10/41424736/alibaba-nio-baidu-stocks-decline-amid-chinas-rate-cuts-whats-going-on?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Alibaba, Nio, Baidu Stocks Decline Amid China&#8217;s Rate Cuts: What&#8217;s Going On?</a></li>
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Image Via Flickr 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Economics

Trump Vows To 'Make Interest On Car Loans Fully Tax-Deductible' For Made In America Vehicles

Vice President Kamala Harris has addressed the possibility of an early victory claim by former President Donald Trump in the upcoming election during an interview.
What Happened: When questioned about her strategy if Trump prematurely declares victory before the counting of all votes, Harris assured that her team is ready.
 &#8220;We will deal with election night and the days after, as they come, and we have the resources and the expertise and the focus on that as well,&#8221; she <a href="https://www.nbcnews.com/politics/2024-election/transcript-president-kamala-harris-interview-nbc-news-hallie-jackson-rcna176330">told</a> NBC News&#8217; Hallie Jackson on Tuesday.
Harris underscored the gravity of the election, alluding to Trump&#8217;s past attempts to undermine a free and fair election and his denial of the people&#8217;s will. She drew a clear distinction between a president who respects their duty to uphold the Constitution and Trump, who she alleges has shown admiration for dictators and threatened to terminate the Constitution.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41421309/tesla-investor-ross-gerber-calls-it-game-over-as-googles-waymo-expands-robotaxi-presence-in-west?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Investor Ross Gerber Calls It &#8216;Game Over&#8217; As Google&#8217;s Waymo Expands Robotaxi Presence In West LA</a>
The Vice President also lambasted Trump for purportedly supplying COVID tests to Russian President Vladimir Putin during the height of the pandemic, while Americans struggled to access them. She concluded by framing the election as a choice to move past division and hatred, and towards a new generation of leadership focused on uplifting the American people.
&#8220;The American people are being presented with a choice here about whether we want a president who understands that America must stand strong as a leader around the globe, or an individual in Donald Trump who openly admires dictators,&#8221; said Harris.
Why It Matters: Recent reports have indicated a dip in the Democratic Party's <a href="http://The American people are being presented with a choice here about whether we want a president who understands that America must stand strong as a leader around the globe, or an individual in Donald Trump who openly admires dictators.">voter registration advantage</a> in key battleground states, which could pose a challenge for Harris. This shift is attributed to a lack of enthusiasm for the Biden administration and the Democratic Party in general.
Furthermore, <a href="https://www.benzinga.com/news/24/10/41477657/kamala-harris-face-potential-setback-in-nevadas-early-voting-firewall-collapses-in-clark-county-says">early voting results</a> from Nevada suggest potential hurdles for Harris and the Democratic Party, with more Republicans casting their ballots than Democrats in the early voting and mail-in ballot count of a presidential election year, for the first time since 2008.
Despite these challenges, polls have predicted a close <a href="https://www.benzinga.com/general/politics/24/10/41416506/harris-clings-to-narrow-national-lead-as-trump-gains-ground">head-to-head matchup</a> between Trump and Harris for the 2024 presidential election.
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Prepared If Trump Declares A Premature Victory, Says Kamala Harris: 'We Have The Resources And The Expertise'

Early voting results from Nevada suggest potential hurdles for Vice President Kamala Harris and the Democratic Party, according to a report.
What Happened: More Republicans have cast their ballots than Democrats in the early voting and mail-in ballot count of a presidential election year, for the first time since 2008. The report, released on Friday, indicates a lead of about 6,000 votes for the Republicans, translating to a margin of roughly 2%, <a href="https://thehill.com/homenews/campaign/4946483-nevada-early-voting-democrats/">reported</a> The Hill.
Jon Ralston, a seasoned reporter with The Nevada Independent, highlighted a notable shift in Clark County, Nevada&#8217;s most populous county and a traditional Democratic bastion. Ralston likened it to a collapse of the Democrat &#8220;firewall.&#8221; The Democrats&#8217; lead in the county has shrunk to approximately 4,500 votes. However, after counting additional mail-ins, the lead expanded to around 6,500.
Ralston also pointed out that rural areas are surpassing their expected share of the electorate by nearly 4 points. Describing it as a &#8220;huge day&#8221; for Republicans, he noted that the party now enjoys a 2-point turnout advantage with almost 250,000 votes cast.
&#8220;The large mail ballot lead enjoyed by Dems has been erased and more by the GOP lead in in-person early voting,&#8221; said Ralston.
Despite these early signs, analysts caution against relying too heavily on early voting data to forecast final election outcomes. Ralston echoed this sentiment, stating that it&#8217;s premature to label this as a trend, with many mail-in ballots still to be counted.
See Also: <a href="https://www.benzinga.com/news/24/10/41420316/kamala-harris-turns-60-gets-birthday-greetings-from-obama-biden-and-even-donald-trump-republican-opp?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Kamala Harris Turns 60 — Gets Birthday Greetings From Obama, Biden And Even Donald Trump: Republican Opponent Says, &#8216;I Think I&#8217;d Get Her Some Flowers&#8217;</a>
Why It Matters: The shift in early voting patterns in Nevada follows a <a href="https://www.benzinga.com/news/24/10/41306291/trouble-for-kamala-harris-ahead-pennsylvania-north-carolina-nevada-democrats-lose-voter-registration">recent dip</a> in the Democratic Party&#8217;s voter registration advantage in key battleground states, including Pennsylvania, North Carolina, and Nevada. This could potentially pose a challenge for Vice President Harris in the upcoming elections.
Moreover, a new election poll <a href="https://www.benzinga.com/general/politics/24/10/41416506/harris-clings-to-narrow-national-lead-as-trump-gains-ground">indicates a close race</a> between Donald Trump and Harris in the 2024 presidential election.
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Kamala Harris Face Potential Setback In Nevada's Early Voting: 'Firewall' Collapses In Clark County, Says Veteran Election Watcher

KWESW

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

The head-to-head race between Donald Trump and Vice President Kamala Harris remained close in a new election poll with two weeks until the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election</a>.
 What Happened: Harris has had the lead over Trump in <a href="https://www.benzinga.com/topic/election-poll">many election polls</a> and until recent weeks saw her election betting odds and prediction market odds top the former president.
While Harris now trails Trump in betting odds and <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41455938/donald-trumps-election-odds-surge-to-64-on-polymarket-60-on-kalshi-and-favorite-in-all-swi">on prediction markets</a>, election polls continue to show that the current vice president holds a lead among nationally registered voters over the former president.
A new Morning Consult&nbsp;<a href="https://pro.morningconsult.com/trackers/2024-presidential-election-polling" target="_blank" rel="noreferrer noopener">poll&nbsp;</a>of likely voters shows Harris&#8217; lead dropping from a record high six points last week. Harris maintains a lead, something she has been able to accomplish most weeks since President Joe Biden dropped out of the election race.
The new poll shows the following results from voters, with results from<a href="https://www.benzinga.com/general/politics/24/10/41347642/harris-vs-trump-vice-president-holds-lead-in-2024-election-poll-but-former-president-is-closing-" target="_blank" rel="noreferrer noopener">&nbsp;the Oct. 15 poll&nbsp;</a>in parentheses:
<ul>
<li>Kamala Harris: 50% (50%)</li>
<li>Donald Trump: 46% (46%)</li>
<li>Someone Else: 2% (2%)</li>
<li>Don't Know: 2% (2%)</li>
</ul>
The poll also found that 95% of Democrats backed Harris as their top pick, up one percentage point from last week's poll. The poll also found 92% of Republicans backed Trump as their top pick, in line with last week's poll.
Independent voters selected the following as their head-to-head preference, with the results from the Oct. 15 poll in parentheses:
<ul>
<li>Kamala Harris: 47% (46%)</li>
<li>Donald Trump: 43% (42%)</li>
<li>Someone Else: 4% (6%)</li>
<li>Don't Know: 7% (6%)</li>
</ul>
The vice president also has the edge in the 18-34 age voters demographic, leading 52% to 44%. The eight-point lead is down from last week's 12-point advantage for the vice president.
Did You Know?
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Why It's Important: Harris' lead over Trump remains at four percentage points, the same lead as last week. Two weeks ago, Harris had a record six-point lead over Trump with the 2024 election one month out.
The vice president has seen her leads in the key Independent voter demographic and young voter demographics decline in recent weeks.
Morning Consult reported that Republican candidates like Trump and members running for Congress are seeing improvements in their net favorability scores or the difference between a favorable and unfavorable rating for a person.
Trump's net favorability ranking is -5. While that figure is still underwater and more people view the former president unfavorable than favorable, it is an improvement from a -10 ranking a month ago. Vice President candidate J.D. Vance has a net favorability ranking of -1, an improvement over the past month.
Morning Consult said in the poll that Harris' net buzz ranking, or the amount of people who heard something positive versus negative about her, was only +9 for the week. This tied a record low as Harris is not seeing the same net buzz advantage as in previous weeks. Trump's net buzz ranking stood at -15 for the week. This marked the smallest difference in net buzz between Harris and Trump since her first week on the campaign in July, according to the report.
The newest poll shows that <a href="https://www.benzinga.com/general/entertainment/24/10/41214476/will-kamala-harriss-media-blitz-including-60-minutes-and-call-her-daddy-improve-her-2024-el">Harris' media blitz </a>including appearances on the Call Her Daddy podcast, "The View," "60 Minutes" and "The Howard Stern Show" might be having a more negative than positive impact on her campaign.
Read Next: 
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Photos: Shutterstock

Trump Vs. Harris: Vice President Holds Slim Lead, Losing Momentum In Key Demographics, Favorability After Media Blitz

JPMorgan offered a preview of third-quarter earnings for Mattel, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) and Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) before the toymakers<a href="https://www.benzinga.com/news/earnings/24/10/41402417/mattel-to-report-q3-earnings-heres-what-to-expect-from-the-stock"> report later this week. </a>
Mattel: JPMorgan analyst Christopher Horvers highlighted Mattel's success in expanding shelf space at major retail partners which coincides with Barbie's 65th Anniversary and the release of Mini Barbie Land and Barbie Dreamworld.&nbsp;
Read Next: <a href="https://www.benzinga.com/news/24/10/41418987/nuclear-energy-stocks-are-hot-heres-a-list-of-tickers-to-watch">Nuclear Energy Stocks Are Hot: Here&#8217;s A List Of Tickers To Watch</a>
While the analyst said the stock's setup is starting to improve, he also warned consumers remain soft and "very choiceful in how they spend money." 
Horvers also pointed to a shorter holiday season with five fewer days between Thanksgiving and Christmas as well as the presidential election as potential drags on Mattel's stock.&nbsp;
The JPMorgan analyst maintained a Neutral rating on Mattel, but raised its price target from $22 to $23.
Mattel is set to report on Wednesday after the market close, followed by a conference call to discuss the results at 5 p.m. ET. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro,</a> the Street estimates Mattel will report earnings of 95 cents per share on revenue of $1.858 billion.
Hasbro: Horvers pointed to Hasbro's recent Transformers release and <a href="https://www.benzinga.com/news/24/08/40658510/lego-maker-pledges-to-cut-oil-content-in-bricks-by-2032-faces-higher-production-costs">new products </a>across its Beyblade, Play Doh and Peppa Pig lines as the "start of a stronger holiday setup after several years of more glacial innovation." The analyst also expects any weakness in the stock to be bought given Hasbro's improving innovation and a strong year ahead for the company's Magic and Go! brands.&nbsp; &nbsp;
JPMorgan <a href="https://www.benzinga.com/quote/HAS/analyst-ratings">maintained </a>its Overweight rating on Hasbro and raised its price target from $76 to $82 heading into the company's third-quarter report. 
Hasbro is set to report its results on Thursday before the opening bell, followed by a conference call at 8:30 a.m. ET. According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, the Street estimates Hasbro will report earnings of $1.28 per share on revenue of $1.295 billion.
MAT, HAS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Mattel shares ended Tuesday's session down 1.68% at $18.11 and Hasbro shares closed 1.25% lower at $71.04. 
Read Also:&nbsp;
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Analyst Color

Earnings

Entertainment

Previews

Analyst Ratings

Mattel, Hasbro Ahead Of Earnings, Holiday Season: JPMorgan Says Consumers 'Remain Soft'

Social media accounts that track flights of celebrities and business figures, including Tesla CEO Elon Musk have been suspended on Threads and Instagram, two platforms owned by Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>). The accounts had previously been banned on X since Musk bought the platform.
What Happened: Jack Sweeney, best known for launching a jet tracking account of Musk's flights on X, shared Tuesday that he had 38 accounts that track various figures suspended on Threads and Instagram without warning.
"Today brings a sense of déjà vu," Sweeney <a href="https://x.com/Jxck_Sweeney">said </a>in the letter.
Sweeney questioned Meta's rules and transparency as he hadn't changed anything and the accounts were previously okay to operate.
"What makes this more troubling is that I've received no communication from Meta — no warnings, no explanation. Reporters have reached out to Meta for clarification, but so far, there's been silence. This situation reflects poorly on Meta."
The recent suspensions come after Sweeney had a Taylor Swift jet tracker account <a href="https://www.benzinga.com/general/entertainment/24/02/36973423/taylor-swift-sends-cease-and-desist-to-student-for-tracking-her-private-jet">suspended 10 months ago</a>, but others remained and operated "just fine."
Sweeney went on to question Meta's oversight system in his letter.
"I can't even appeal these suspensions through Meta's Oversight Board. This lack of transparency makes Meta's actions even more concerning."
The jet tracker questioned in his letter the timing of accounts being shut down.
"I'm still unsure if this decision came directly from Meta or not, but it's worth noting that, just yesterday, Elon Musk supporters were <a href="https://x.com/cb_doge/status/1848190507215692232">vocal </a>about the suspension of @taylorswiftjets while @elonmuskjets remained active."
In another X post, Sweeney questioned why "tracking public info can be so controversial" and how he hadn't violated the rules from Meta in past years.
"Suddenly they care about something they haven't for years?"
Among the suspended accounts include flight tracking on Meta CEO Mark Zuckerberg, Jeff Bezos, Kylie Jenner and Kim Kardashian.
An account <a href="https://www.benzinga.com/news/22/12/30194852/elon-musks-jet-tracker-is-back-on-twitter-but-with-a-difference">that shares information</a> on Musk's flights a day later and abides by new X rules remains <a href="https://x.com/ElonJetNextDay">active </a>on the platform.
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Why It's Important: Sweeney previously clashed with Musk after his X account shared flight details of the billionaire. After previously promising to keep the account active, Musk shut it down after acquiring X, which was then known as Twitter.
"Ironically, Elon Musk, who once criticized Twitter for its lack of free speech, is now using the very same techniques — shadow-banning jet-tracking account and blocking links to public information that tracks his jet. It's just a different form of suppression, rather than outright bans," Sweeney said Tuesday.
Meta said the decision came from its Oversight Board, based on a recommendation from early 2022, according to a report from <a href="https://www.bloomberg.com/news/articles/2024-10-22/meta-bans-accounts-tracking-private-jets-for-zuckerberg-musk?sref=TBDibEcD">Bloomberg</a>. The recommendation was to remove "private residential information" from the site even if publicly available.
"Given the risk of physical harm to individuals, and in keeping with the independent Oversight Board's recommendation, we've disabled these accounts for violating our privacy policy," a Meta spokesperson said in a statement, Bloomberg reported.
Musk <a href="https://www.benzinga.com/general/entertainment/24/02/36974802/taylor-swift-right-to-be-concerned-elon-musk-calls-celebrity-jet-tracker-awful-human-being">previously called Sweeney</a> "an awful human being" when Swift and her team threatened legal action against the account creator.
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</ul>
Photo: Elon Musk via Shutterstock

Social Media

Elon Musk Jet Tracker Suspended On Threads, Instagram: 'This Situation Reflects Poorly On Meta'

JPMorgan analysts said they are encouraged by mobile gaming trends and expect spending on consoles to improve next year driven by a strong game slate. 
The research firm updated its coverage on video game companies, including Roblox Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBLX#NYSE">RBLX</a>), Applovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) and Electronic Arts Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) ahead of their <a href="https://www.benzinga.com/general/gaming/24/10/41319267/us-gaming-market-sees-7-spending-decline-in-august-madden-nfl-25-debut-a-bright-spot">third-quarter earnings reports. </a>
Roblox: JPMorgan pointed to Roblox as one of the firm's favorite names in the video game industry due to its combination of healthy engagement trends, ads/commerce business ramping and free cash flow seen as compounding at 30% through 2027. 
The analysts also highlighted data suggesting Roblox's daily active users (DAUs) are <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41257301/roblox-usage-climbs-among-us-teens-analyst-raises-target-to-54">tracking above </a>estimates and potential upside to third-quarter bookings. JPMorgan maintained its Overweight rating on Roblox shares and raised the price target from $50 to $51 ahead of its earnings release on Oct. 31. 
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Applovin: JPMorgan highlighted Applovin as the leading in-app monetization platform for mobile gaming companies. The firm spoke with industry contacts who reported Applovin accounted for between 40% and 60% of their user acquisition spending. 
The analysts expect strong third-quarter results from the company due to stable growth in the mobile gaming industry, but remained neutral on the stock as the firm awaits evidence that Applovin can scale beyond gaming. The firm maintained its Neutral rating on Applovin, but raised the price target considerably, from $57 to $160. 
Electronic Arts: The firm pointed to EA's position as the largest pure-play game publisher in the industry that "increasingly favors scale and the largest IP" portfolio. The firm maintained its Neutral rating and $155 price target and said it is looking for "more consistent execution on non-sports titles" from <a href="https://www.benzinga.com/general/gaming/24/10/41365831/plants-vs-zombies-3-servers-shut-down-as-ea-plans-major-overhaul">the company</a>. 
Electronic Arts will be the first from the group to report its quarterly results on Oct. 29 after the market close. The Street estimates the company will report earnings of $2.02 per share on revenue of $2.036 billion, according to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.
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Photo: Shutterstock

Gaming

RBLX

JPMorgan Updates Video Game Industry Coverage, Taps Roblox As Top Pick

Controladora Vuela (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLRS#NYSE">VLRS</a>) .

Guidance

VLRS

Volaris expects EBITDAR margin 36% (Prior 32% to 34%), ASM growth (YoY) 13% (prior 14%) and CAPEX of $400 million.

Chardan Capital analyst Geulah Livshits maintains Editas Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDIT#NASDAQ">EDIT</a>) with a Buy and lowers the price target from $20 to $12.

Price Target

EDIT

Chardan Capital Maintains Buy on Editas Medicine, Lowers Price Target to $12

The spin-off and merger of Berry&#39;s HHNF Business with Glatfelter are expected to be completed on November 4, 2024, subject to the satisfaction or waiver of the closing conditions for the transaction. As previously announced, in connection with the merger, Glatfelter will effect a reverse stock split and change its name to Magnera Corporation (&quot;Magnera&quot;).

BERY

Berry Global Sets Record Date Of Close Of Business On November 1, 2024 For Proposed Spin-off Of Its HHNF Business

Jones Trading analyst Jason Weaver maintains AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) with a Buy and maintains $10.25 price target.

AGNC

Jones Trading Maintains Buy on AGNC Investment, Maintains $10.25 Price Target

Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) reported quarterly earnings of $0.23 per share which missed the analyst consensus estimate of $0.24 by 4.17 percent. This is a 20.69 percent decrease over earnings of $0.29 per share from the same period last year. The company reported quarterly sales of $131.782 million which missed the analyst consensus estimate of $134.246 million by 1.84 percent. This is a 1.86 percent increase over sales of $129.372 million the same period last year.

Earnings Misses

Brandywine Realty Tr Q3 2024 FFO $0.23 Misses $0.24 Estimate, Sales $131.782M Miss $134.246M Estimate

Macquarie analyst Tim Nollen maintains Interpublic Gr of Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>) with a Neutral and maintains $31 price target.

Macquarie Maintains Neutral on Interpublic Gr of Cos, Maintains $31 Price Target

Brandywine Realty Tr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDN#NYSE">BDN</a>) lowers FY2024 FFO guidance from $0.91-0.96 to $0.89-0.92 vs $0.92 analyst estimate..

Brandywine Realty Tr Lowers FY2024 FFO Guidance from $0.91-0.96 to $0.89-0.92 vs $0.92 Est

Travel+Leisure declares $0.50 dividend

Stifel Nicolaus analyst Simon Yarmak maintained a Buy rating on Travel + Leisure Co (TNL – Research Report) today and set a price target of $55.00....

Stifel Nicolaus Reaffirms Their Buy Rating on Travel + Leisure Co (TNL)

Travel and leisure stocks are outperforming after the Fed rate cut

'No pain, no gain,' just look at stocks that jumped nearly 1,000% in a 5-year time span

The travel sector shows promise due to rising demand for air travel and hospitality, robust spending growth, competitive pricing, and enhanced guest experiences, fueling optimism for future tourism expansion. Ahead of the next tourism boom, it could be wise to consider investing in strong travel stocks: SkyWest (SKYW), Travel + Leisure (TNL), and Tripadvisor (TRIP). Read more... The travel industry is set for significant growth, driven by rising demand for air travel, hospitality services, and travel products, as well as the increasing need for online travel platforms. The next tourism surge is expected during the holiday season, particularly around Thanksgiving, Christmas, and New Year's.
Therefore, investors may want to consider strong travel stocks like SkyWest, Inc. (<a href="https://stocknews.com/stock/SKYW/">SKYW</a>), Travel + Leisure Co. (<a href="https://stocknews.com/stock/TNL/">TNL</a>), and Tripadvisor, Inc. (<a href="https://stocknews.com/stock/TRIP/">TRIP</a>) ahead of this boom.
The <a href="https://www.reuters.com/world/us/us-travelers-set-end-summer-high-note-with-record-labor-day-air-travel-2024-08-28/">summer travel season</a> saw strong passenger volumes, with the TSA screening an average of 2.70 million travelers daily since Memorial Day. The next opportunity for lower travel prices arrives in <a href="https://www.cnbc.com/2024/09/14/when-to-book-your-holiday-travel-and-flights-in-2024.html">early October</a>, just before holiday flights peak. Global travel spending is projected to surpass <a href="https://www.forrester.com/blogs/travel-spending-on-track-to-return-to-pre-pandemic-levels-by-end-of-2024/#:~:text=Global%20travel%20spending%20is%20roaring,Europe%20will%20power%20this%20growth.">$2 trillion</a> by the end of 2024, fueled by robust leisure travel in North America, and Europe, and rising demand in Asia-Pacific.
Meanwhile, the travel sector is gaining momentum, boosted by high-speed internet that enables seamless connections to flight, hotel, and dining platforms. Looking ahead, ACI projects global passenger volume to reach <a href="https://aci.aero/2024/09/18/the-trusted-source-for-air-travel-demand-updates-2/#:~:text=Passenger%20traffic%202023%E2%80%932024&amp;text=The%20current%20projection%20for%202024,(YoY)%20growth%20from%202023.">9.50 billion in 2024</a>, reflecting a 10% year-on-year growth from 2023, underscoring the optimism surrounding air travel's continued recovery.
Furthermore, as the season approaches, hotels are focusing on competitive pricing and enhancing guest experiences with perks like room upgrades, complimentary breakfasts, and loyalty discounts. The U.S. hotel market is projected to grow to $110.60 billion by 2024, with a <a href="https://www.statista.com/outlook/mmo/travel-tourism/hotels/united-states">3.8% CAGR</a> expected through 2029, reaching $133.30 billion and further boosting the tourism sector.
Considering these conducive trends, let's analyze the fundamental aspects of the three travel picks.
SkyWest, Inc. (<a href="https://stocknews.com/stock/SKYW/">SKYW</a>)
SKYW and its subsidiaries engage in the operation of a regional airline in the United States. It operates through two segments, SkyWest Airlines and SWC, as well as SkyWest Leasing. The company also leases regional jet aircraft and spare engines to third parties and provides on-demand charter, airport customer, and ground handling services.
In terms of the trailing-12-month EBITDA margin, SKYW's 21.41% is 54.3% higher than the 13.88% industry average. Its 7.51% trailing-12-month Capex / Sales is 157.4% higher than the industry average of 2.92%. Also, SKYW's 13.05% trailing-12-month <a href="https://www.investopedia.com/terms/l/levered-free-cash-flow.asp">levered FCF margin</a> is 103.2% higher than the industry average of 6.42%.
During the fiscal second quarter that ended June 30, 2024, SKYW's total operating revenues increased 19.5% year-over-year to $867.12 million. Its operating income was $119.64 million, up 275.5% from the prior year's quarter. Moreover, the company's net income and EPS rose 390.2% and 420% year-over-year, respectively, to $75.58 million and $1.82.
For the quarter ending September 30, 2024, SKYW's revenue is expected to increase 16.5% year-over-year to $892.62 million. Its EPS for the same quarter is expected to increase 255.2% year-over-year to $1.95. It surpassed consensus EPS estimates in each of the trailing four quarters. SKYW's stock has gained 99.4% over the past year to close the last trading session at $83.59.
SKYW's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect strong prospects. It has an overall rating of B, translating to a Buy in our proprietary rating system. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Growth and a B for Quality. It is ranked #5 out of 26 stocks in the <a href="https://stocknews.com/category/airlines/">Airlines</a> industry. Beyond what we stated above, we have also rated SKYW for Value, Momentum, Stability, and Sentiment. Get all ratings of SKYW <a href="https://stocknews.com/stock/SKYW/">here</a>.
Travel + Leisure Co. (<a href="https://stocknews.com/stock/TNL/">TNL</a>)
TNL and its subsidiaries provide hospitality services and travel products in the United States and internationally. The company operates through two segments: Vacation Ownership and Travel and Membership.
In terms of the trailing-12-month net income margin, TNL's 11.36% is 148.4% higher than the 4.57% industry average. Likewise, its 19.71% trailing-12-month EBIT margin is 150.5% higher than the 7.87% industry average. Moreover, its 6.48% trailing-12-month Return on Total Assets is 57.5% higher than the industry average of 4.12%.
TNL's net revenues for the second quarter that ended June 30, 2024, increased 3.8% year-over-year to $985 million. Similarly, its adjusted EBITDA grew 3.4% from the year-ago value to $244 million. The company's adjusted net income and adjusted EPS came in at $108 million and $1.52, respectively, up 8% and 14.3% over the prior-year quarter.
Street expects TNL's revenue for the quarter ending September 30, 2024, to increase 2.5% year-over-year to $1.01 billion. Its EPS for the quarter ending March 31, 2025, is expected to rise 14.9% year-over-year to $1.11. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 25.6%, closing the last trading session at $45.91.
It's no surprise that TNL has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
TNL has a B grade for Value and Quality. Within the <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel - Hotels/Resorts</a> industry, it is ranked #5 out of 20 stocks. To access the other ratings of TNL for Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/TNL/">click here</a>.
Tripadvisor, Inc. (<a href="https://stocknews.com/stock/TRIP/">TRIP</a>)
TRIP operates as an online travel company and primarily engages in providing travel guidance products and services worldwide. The company operates through three segments: Brand Tripadvisor, Viator, and TheFork.
In terms of the trailing-12-month gross profit margin, TRIP's 91.18% is 78.5% higher than the 51.09% industry average. Its 0.66x asset turnover ratio is 32.2% higher than the 0.50x industry average. Also, its 12.95% trailing-12-month levered FCF margin is 62.1% higher than the industry average of 7.99%.
For the second fourth quarter that ended June 30, 2024, TRIP's revenue rose marginally year-over-year to $497 million. Its adjusted EBITDA stood at $97 million, up 7.8% year-over-year. For the same quarter, its non-GAAP net income and non-GAAP earnings per share as adjusted increased 16.3% and 14.7% over the prior-year quarter to $57 million and $0.39, respectively.
Analysts expect TRIP's revenue for the quarter ending December 31, 2024, to increase 1.9% year-over-year to $397.53 million. Its EPS for fiscal 2025 is expected to grow 16.9% year-over-year to $1.41. It surpassed the Street EPS estimates in each of the trailing four quarters. Over the past month, TRIP's stock has gained 1.6% to close the last trading session at $14.83.
TRIP's POWR Ratings reflect a bright outlook. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Value. It is ranked #15 out of 52 stocks in the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry. To see TRIP's Growth, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/TRIP/">click here</a>.
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SKYW shares were trading at $82.62 per share on Wednesday afternoon, down $0.97 (-1.16%). Year-to-date, SKYW has gained 58.28%, versus a 21.06% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/skyw-tnl-trip-3-travel-stocks-to-buy-before-the-next-tourism-boom/>3 Travel Stocks to Buy Before the Next Tourism Boom</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Travel Stocks to Buy Before the Next Tourism Boom

Barclays analyst Brandt Montour downgraded Travel + Leisure Co (TNL – Research Report) to a Sell today and set a price target of $40.00. The compan...

Barclays downgrades Travel + Leisure Co (TNL) to a Sell

The travel industry is showing robust growth prospects owing to a rise in tourism expenditure, among other conducive factors. Amid this surge, investing in fundamentally sound travel stocks such as Expedia Group. (EXPE), Travel + Leisure (TNL) and Tripadvisor (TRIP) could be beneficial. Keep on reading… The travel industry is set for significant growth, driven by rising demand for air travel, hospitality services, and travel products, as well as the increasing need for online travel platforms. With another surge in travel expected during the holiday season, particularly around Thanksgiving, Christmas, and New Year's, the industry is back in full swing.
As vacation plans remain strong, investors could consider investing in these three fundamentally strong travel stocks: Expedia Group, Inc. (<a href="https://stocknews.com/stock/EXPE/">EXPE</a>), Travel + Leisure Co. (<a href="https://stocknews.com/stock/TNL/">TNL</a>), and Tripadvisor, Inc. (<a href="https://stocknews.com/stock/TRIP/">TRIP</a>).
The <a href="https://www.reuters.com/world/us/us-travelers-set-end-summer-high-note-with-record-labor-day-air-travel-2024-08-28/">summer travel season</a> saw strong passenger volumes, with the TSA screening an average of 2.70 million travelers daily since Memorial Day. The next opportunity for lower travel prices arrives in <a href="https://www.cnbc.com/2024/09/14/when-to-book-your-holiday-travel-and-flights-in-2024.html">early October</a>, just before holiday flights peak. Global travel spending is projected to surpass <a href="https://www.forrester.com/blogs/travel-spending-on-track-to-return-to-pre-pandemic-levels-by-end-of-2024/">$2 trillion</a> by the end of 2024, fueled by robust leisure travel in North America and Europe and rising demand in Asia-Pacific.
Moreover, those planning getaways later this year will likely benefit from lower gasoline and airfare prices caused by a historic Fed rate cut this month, which offers some relief from inflation and makes spontaneous trips more affordable. The global travel and tourism market is on track for substantial growth, with revenue expected to hit $916 billion by 2024 and reach <a href="https://www.statista.com/outlook/mmo/travel-tourism/worldwide">$1.11 trillion by 2029</a>.
A stable global economy and growing travel demand have also reassured business leaders to resume corporate travel. The GBTA Business Travel Index Report projects global business travel spending to <a href="https://www.gbta.org/global-business-travel-industry-spending-expected-to-hit-record-1-48-trillion-in-2024/">surpass $2 trillion by 2028</a>.
Considering these positive trends, let's analyze the fundamental aspects of the three travel picks.
Expedia Group, Inc. (<a href="https://stocknews.com/stock/EXPE/">EXPE</a>)
EXPE is a global online company operating through three segments: B2B; B2C; and Trivago. Its extensive portfolio of brands includes Expedia, Hotels.com, Vrbo, Orbitz, CheapTickets, ebookers, Hotwire, and CarRentals.com.
On July 18, EXPE announced a partnership with Ryanair Holdings plc (<a href="https://stocknews.com/stock/RYAAY/">RYAAY</a>), Europe's leading airline, to offer low-fare flights to its travelers. This collaboration enhances travel options and experiences by integrating Ryanair's budget-friendly flights into EXPE's marketplace. Earlier this year, the companies collaborated on ‘Ryanair Rooms,' allowing seamless hotel bookings with flights.
EXPE's revenue for the fiscal second quarter that ended June 30, 2024, increased 6% year-over-year to $3.56 billion, while its operating income came in at $451 million, increasing 1.8% year-over-year.
Moreover, the company's adjusted attributable net income and EPS amounted to $469 million and $3.51, rising by 9.6% and 21.5% year-over-year, respectively. Also, its <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> stood at $786 million, up 5.2% year-over-year.
Street expects EXPE's revenue for the fiscal third quarter (ending September 2024) to increase 4.5% year-over-year to $4.11 billion, while its EPS for the same period is expected to grow 13.2% from the prior year to $6.12. Moreover, the company topped the EPS estimates in all of the trailing four quarters, which is impressive.
The stock has gained 47.7% over the past year to close the last trading session at $148.02.
EXPE's strong fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of A, which equates to a Strong Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
It has an A grade for Quality and a B grade for Growth and Value. Out of 52 stocks in the A-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry, it is ranked #2.
Beyond what is stated above, we have also rated EXPE for Momentum, Stability, and Sentiment. Get all the EXPE ratings <a href="https://stocknews.com/stock/EXPE/">here</a>.
Travel + Leisure Co. (<a href="https://stocknews.com/stock/TNL/">TNL</a>)
TNL and its subsidiaries provide hospitality services and travel products in the United States and internationally. The company operates through two segments: Vacation Ownership and Travel and Membership.
In terms of the trailing-12-month net income margin, TNL's 11.36% is 155.3% higher than the 4.45% industry average. Likewise, its 19.71% trailing-12-month EBIT margin is 151.2% higher than the 7.85% industry average. Moreover, its trailing-12-month Return on Total Assets of 6.48% is 61.6% higher than the industry average of 4.01%.
TNL's net revenues for the fiscal second quarter that ended June 30, 2024, increased 3.8% year-over-year to $985 million. Similarly, its adjusted EBITDA grew 3.4% from the year-ago value to $244 million. The company's adjusted net income and adjusted EPS came in at $108 million and $1.52, respectively, up 8% and 14.3% over the prior-year quarter.
Analysts expect TNL's revenue for the fiscal year ending December 2025 to increase 4.6% year-over-year to $4.05 billion. Its EPS for the same period is expected to rise 12.1% year-over-year to $6.29. It surpassed the Street EPS estimates in each of the trailing four quarters.
Over the past year, the stock has gained 29%, closing the last trading session at $46.08.
It's no surprise that TNL has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
TNL has a B grade for Value and Quality. Within the <a href="https://stocknews.com/category/travel-hotels-resorts/">Travel - Hotels/Resorts</a> industry, it is ranked #4 out of 20 stocks.
To access the other ratings of TNL for Growth, Momentum, Stability, and Sentiment, <a href="https://stocknews.com/stock/TNL/">click here</a>.
Tripadvisor, Inc. (<a href="https://stocknews.com/stock/TRIP/">TRIP</a>)
TRIP operates as an online travel company and primarily engages in providing travel guidance products and services worldwide. The company operates through three segments: Brand Tripadvisor; Viator; and TheFork.
In terms of the trailing-12-month gross profit margin, TRIP's 91.18% is 76.9% higher than the 51.56% industry average. Its asset turnover ratio of 0.66x is 32.9% higher than the 0.50x industry average. Also, its 12.95% trailing-12-month levered FCF margin is 63.1% higher than the industry average of 7.94%.
For the fiscal second quarter that ended June 30, 2024, TRIP's revenue rose marginally year-over-year to $497 million. Its adjusted EBITDA stood at $97 million, up 7.8% year-over-year. For the same quarter, its non-GAAP net income and non-GAAP earnings per share, as adjusted, increased 16.3% and 14.7% over the prior-year quarter to $57 million and $0.39, respectively.
Street expects TRIP's revenue for the fiscal year ending December 2025, to increase 6.5% year-over-year to $1.82 billion. Its EPS for the same period is expected to grow 16.9% year-over-year to $1.41. It surpassed the Street EPS estimates in each of the trailing four quarters.
TRIP's stock closed the last trading session at $14.49.
TRIP's POWR Ratings reflect a bright outlook. It has an overall rating of B, translating to a Buy in our proprietary rating system.
It has an A grade for Quality and a B for Value. It is ranked #11 out of 52 stocks in the Internet industry.
To see TRIP's Growth, Momentum, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/TRIP/">click here</a>.
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<hr />
EXPE shares were trading at $146.54 per share on Tuesday afternoon, down $1.48 (-1.00%). Year-to-date, EXPE has declined -3.46%, versus a 21.06% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Anushka Dutta</h2> <img src='https:/wp-content/uploads/2021/08/Anushka-Dutta_Headshot_3.jpg' style="float:left; padding:5px;width:125px;">Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research.<a href="https://stocknews.com/authors/?author=anushka-dutta">More...</a>The post <a href=https://stocknews.com/news/expe-tnl-trip-ryaay-3-travel-stocks-to-buy-as-global-tourism-recovers/>3 Travel Stocks to Buy as Global Tourism Recovers</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Travel Stocks to Buy as Global Tourism Recovers

ABNB

BKNG

DKNG

DXCM

EXPE

ISRG

NFLX

NVDA

PRKS

RYAAY

SIRI

SKYW

SOND

TRIP

Press Releases

Travel + Leisure Co. Completes $375 Million Term Securitization

Travel + Leisure Co. Reports Second Quarter 2024 Results

Piedmont Office Realty Trust Reports Second Quarter 2024 Results

Travel + Leisure Co. Declares Cash Dividend

Travel + Leisure Charitable Foundation Extends Its Scholarship Program to Benefit High School Graduates in Osceola County

Travel + Leisure Co. Highlights Ongoing Commitment to Responsible Global Tourism with Release of New ESG Report

Newsweek Recognizes Travel + Leisure Co. as One of the World's Most Trustworthy Companies for Second Consecutive Year

Travel + Leisure Charitable Foundation Expands Its Commitment to Students in Eatonville, Opening Hawk Haven Preschool at Hungerford Elementary School

Travel + Leisure Co. to Report Third Quarter 2024 Financial Results on October 23, 2024

Travel + Leisure Co. Completes $325 Million Term Securitization

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