Dernières nouvelles pour ARM Holdings (NASDAQ:ARM) Stock

ARM Holdings

Arm Holdings is the IP owner and developer of the ARM architecture (ARM stands for Acorn RISC Machine), which is used in 99% of the world's smartphone CPU cores, and it also has high market share in other battery-powered devices like wearables, tablets, or sensors. Arm licenses its architecture for a fee, offering different types of licenses depending on the flexibility the customer needs. Customers like Apple or Qualcomm buy architectural licenses, which allows them to modify the architecture and add or delete instructions to tailor the chips to their specific needs. Other clients directly buy off-the-shelf designs from Arm. Off-the-shelf and architectural customers pay a royalty fee per chip shipped.

Arm Holdings plc - American Depositary Shares

ARM Holdings PLC

Un Monde International Worldwide Ltd

ARMOR ELECTRIC INC by Armor Electric, Inc.

Armor Electric Inc

Aramark

Current Energy and Renewables Corp

Aris Mining Corp

ARMOR

ARMO BIOSCIENCES ORD

Armata Pharmaceuticals, Inc. Common Stock

Armata Pharmaceuticals Inc

Exchange Listed Funds Trust Armor US Equity Index ETF

GLOBAL X ETFS ICAV ETF

Arma Services Inc

RBC Capital analyst Deane Dray maintains 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) with a Underperform and raises the price target from $99 to $100.

News

Price Target

Analyst Ratings

RBC Capital Maintains Underperform on 3M, Raises Price Target to $100

Several analysts revised the price target on Norfolk Southern Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NSC#NYSE">NSC</a>) following third quarter results.
On Tuesday, Norfolk Southern reported adjusted earnings of $3.25 per share, beating <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41452912/norfolk-southern-reports-q3-earnings-the-details" rel="noreferrer noopener">analyst estimates of $3.11 per share.</a>
The company said it remains on track to achieve its adjusted operating ratio targets for the second half and full year of 2024.
RBC Capital Markets analyst Walter Spracklin raised the price target to $282 from $272 <a target="_blank" href="https://www.benzinga.com/quote/nsc/analyst-ratings" rel="noreferrer noopener">while maintaining the Outperform rating.</a>
The analyst writes that the key takeaway from the results is that COO John Orr&#8217;s efforts are driving substantial operational changes, leading to strong performance, especially when compared to a peer that faced challenges during the quarter.
Additionally, management indicated that capital expenditures are expected to decrease in 2025 compared to 2024, which should lead to higher free cash flow growth next year, adds the analyst.
The analyst expects this shift to pave the way for increased shareholder returns and/or debt reduction.
The analyst adds that continued progress across several metrics this quarter reinforces the confidence in management&#8217;s capacity to drive further improvements moving forward. The analyst raised FY24 EPS estimates to $11.91 from $11.80.
BofA Securities analyst Ken Hoexter boosted the price target to $291 from $276 and reaffirmed a Buy rating.
The analyst writes that CFO Jason Zampi projects the fourth quarter operating ratio to worsen to around 65.5%, exceeding typical seasonal patterns.
This decline is due to lower fuel recovery, decreased land sales, hurricane clean-up costs, and ongoing pressure on export coal yields, writes that analyst. NSC is positioned to accelerate earnings through productivity improvements, adds the analyst.
The analyst raised 2024 and 2025 EPS estimates by 1% each, bringing them to $11.87 and $13.85, up from $11.80 and $13.80, respectively. The fourth quarter estimate has been adjusted down to $3.05 from $3.10 due to a higher operational ratio target.
Benchmark analyst Nathan P. Martin boosted the price target to $285 from $270 and reiterated the Buy rating.
The analyst writes that the fourth-quarter EPS estimate stays at $3.13, reflecting a 1% year-over-year revenue increase from a 3% growth in carloads.
Martin projects a 140-basis-point quarter-over-quarter decline in the operating ratio (OR) to 64.8% but a 400-basis-point year-over-year improvement, leading to a second-half average OR of 64.1% at the lower end of NSC&#8217;s 64%-65% guidance range.
Following these updates, the analyst raised the 2024 EPS estimate to $11.94 from $11.80, with flat year-over-year revenues and a 160-basis-point OR improvement.
On the other hand, Stephens analyst Daniel Imbro reiterates an Equal-Weight rating and price target of $263.
The analyst says that the company performed well in the third quarter. Despite the anticipated OR decline in the fourth quarter, the analyst is encouraged by NSC&#8217;s progress toward its long-term goals.
The analyst&#8217;s adjusted EPS estimate for 2024 is now $11.83 (down from $11.93), and for 2025, it is $13.52 (down from $13.71).
Loop Capital analyst Rick Paterson increased the price target to $287 from $285 and reaffirmed a Buy rating. The analyst raised the EPS estimate for 2024 from $11.72 to $12.06 and for 2025 from $13.02 to $13.51.
Investors can gain exposure to the stock via&nbsp;Tidal ETF Trust Aztlan North America Nearshoring Stock Selection ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRSH#NYSE">NRSH</a>) and Themes US Infrastructure ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWAY#NASDAQ">HWAY</a>).
Price Action: NSC shares are down 1.79% at $255.78 at the last check Wednesday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/41496025" target="_blank" rel="noreferrer noopener">General Motors Growth Potential In Focus Amid EV Transition: Analyst Highlights Robust Liquidity, More Buybacks</a></li>
</ul>

Analyst Color

Equities

Large Cap

Reiteration

Trading Ideas

HWAY

NRSH

Norfolk Southern's Q3 Beat Fuels Analyst Optimism Despite Q4 Challenges—Long-Term Growth Potential In Focus

RBC Capital analyst Matthew Hedberg reiterates Altair Engineering (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALTR#NASDAQ">ALTR</a>) with a Sector Perform and maintains $90 price target.

ALTR

RBC Capital Reiterates Sector Perform on Altair Engineering, Maintains $90 Price Target

Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) shares are trading higher Wednesday, while the broader market moves lower. The stock seems to be benefiting from an <a href="https://www.benzinga.com/news/24/10/41486423/jmp-securities-upgrades-snap-to-market-outperform-announces-17-price-target">upgrade from JMP Securities</a>. 
The Details: JMP Securities analyst Andrew Boone upgraded Snap from Market Perform to Market Outperform and set a price target of $17.
In a new note, Boone explained that with Snap set to launch Simple Snapchat and Sponsored Snap, the company could see greater user engagement, a higher number of ads displayed and ultimately greater revenue.
The analyst projected that the launch of Sponsored Snaps could lead to $180 million of incremental ad revenue. The projection is based on a North American-only roll out and assumes five ad displays per day per user.
The analyst expressed confidence that the simplified user experience introduced by Simple Snapchat will enhance user engagement. Specifically, Spotlight will be easier and faster to access. The analyst believes that ads will feel more &#8220;native&#8221; in this context, compared to Snap Stories, where they seem like an &#8220;inserted break&#8221; in the content flow.
&#8220;Additionally, our checks with larger performance advertisers also are coming back favorably as we believe Snap&#8217;s direct response product improvements are gaining traction,&#8221; Boone said.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41468513/boeing-q3-earnings-preview-financial-struggles-set-to-deepen-yet-positive-labor-vote-outcome-cou">Boeing Q3 Earnings Preview: Financial Struggles Set To Deepen, Yet Positive Labor Vote Outcome Could Offer Relief</a>
The analyst acknowledged concerns about the quality of content on Spotlight and the effectiveness of its algorithm in recommending videos and noted that Wednesday&#8217;s upgrade could be a quarter early, given the uncertainty surrounding the timing of the rollout of these products and early reaction from users.
JMP Securities&#8217; new $17 price target is based on a 25 times multiple on 2026 EBITDA estimates.
SNAP Price Action: At the time of publication, Snap stock was up 0.95% at $10.08, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Photo: courtesy of Snap.

Upgrades

Movers

SNAP

What's Going On With Snap Stock Wednesday?

RBC Capital analyst Rishi Jaluria reiterates Asana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) with a Underperform and maintains $10 price target.

ASAN

RBC Capital Reiterates Underperform on Asana, Maintains $10 Price Target

Deep-pocketed investors have adopted a bearish approach towards Occidental Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in OXY usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 27 extraordinary options activities for Occidental Petroleum. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 66% bearish. Among these notable options, 12 are puts, totaling $1,654,155, and 15 are calls, amounting to $911,281.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $45.0 to $67.5 for Occidental Petroleum over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Occidental Petroleum options trades today is 4460.96 with a total volume of 13,002.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Occidental Petroleum's big money trades within a strike price range of $45.0 to $67.5 over the last 30 days.
<h3>Occidental Petroleum Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729708259_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$3.4</td>
<td>$3.3</td>
<td>$3.31</td>
<td>$45.00</td>
<td>$595.8K</td>
<td>5.8K</td>
<td>1.8K</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$12.4</td>
<td>$12.3</td>
<td>$12.4</td>
<td>$62.50</td>
<td>$243.0K</td>
<td>1.1K</td>
<td>197</td>
</tr>
<tr>
<td>OXY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/19/25</td>
<td>$7.5</td>
<td>$7.4</td>
<td>$7.5</td>
<td>$50.00</td>
<td>$225.0K</td>
<td>684</td>
<td>316</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$10.65</td>
<td>$10.6</td>
<td>$10.65</td>
<td>$60.00</td>
<td>$181.0K</td>
<td>6.0K</td>
<td>171</td>
</tr>
<tr>
<td>OXY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$16.35</td>
<td>$16.25</td>
<td>$16.35</td>
<td>$67.50</td>
<td>$174.9K</td>
<td>539</td>
<td>109</td>
</tr>
</tbody>
</table>

<h3>About Occidental Petroleum</h3>
Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,234 thousand barrels of oil equivalent per day in 2023 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.
In light of the recent options history for Occidental Petroleum, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Present Market Standing of Occidental Petroleum</h3>
<ul>
<li>Currently trading with a volume of 4,085,232, the OXY's price is down by -1.74%, now at $51.2. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 20 days.</li>
</ul>
<h3>What The Experts Say On Occidental Petroleum</h3>
5 market experts have recently issued ratings for this stock, with a consensus target price of $63.2.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Evercore ISI Group has decided to maintain their Underperform rating on Occidental Petroleum, which currently sits at a price target of $63. 
&#x2A; An analyst from Susquehanna has decided to maintain their Positive rating on Occidental Petroleum, which currently sits at a price target of $77. 
&#x2A; Maintaining their stance, an analyst from Scotiabank continues to hold a Sector Outperform rating for Occidental Petroleum, targeting a price of $65. 
&#x2A; Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Neutral with a new price target of $55. 
&#x2A; An analyst from Wells Fargo persists with their Equal-Weight rating on Occidental Petroleum, maintaining a target price of $56. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Occidental Petroleum, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

Markets

Check Out What Whales Are Doing With OXY

Deep-pocketed investors have adopted a bearish approach towards Thor Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/THO#NYSE">THO</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in THO usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Thor Industries. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 50% bearish. Among these notable options, 8 are puts, totaling $367,070, and 2 are calls, amounting to $188,275.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $100.0 and $105.0 for Thor Industries, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Thor Industries options trades today is 428.0 with a total volume of 2,908.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Thor Industries's big money trades within a strike price range of $100.0 to $105.0 over the last 30 days.
<h3>Thor Industries Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729708253_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>THO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$4.2</td>
<td>$105.00</td>
<td>$107.5K</td>
<td style="text-align: right;">33</td>
<td style="text-align: right;">517</td>
</tr>
<tr>
<td>THO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$4.2</td>
<td>$3.9</td>
<td>$3.9</td>
<td>$105.00</td>
<td>$80.7K</td>
<td style="text-align: right;">33</td>
<td style="text-align: right;">188</td>
</tr>
<tr>
<td>THO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$6.0</td>
<td>$5.6</td>
<td>$5.7</td>
<td>$105.00</td>
<td>$60.3K</td>
<td style="text-align: right;">537</td>
<td style="text-align: right;">359</td>
</tr>
<tr>
<td>THO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$3.8</td>
<td>$3.5</td>
<td>$3.8</td>
<td>$100.00</td>
<td>$57.0K</td>
<td style="text-align: right;">714</td>
<td style="text-align: right;">716</td>
</tr>
<tr>
<td>THO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$6.0</td>
<td>$5.7</td>
<td>$5.7</td>
<td>$105.00</td>
<td>$55.8K</td>
<td style="text-align: right;">537</td>
<td style="text-align: right;">110</td>
</tr>
</tbody>
</table>

<h3>About Thor Industries</h3>
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business as it accounts for less than 10% of total sales. In fiscal 2024, the company wholesaled 186,908 units and generated over $10 billion in revenue.
After a thorough review of the options trading surrounding Thor Industries, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Present Market Standing of Thor Industries</h3>
<ul>
<li>Trading volume stands at 329,112, with THO's price down by -3.7%, positioned at $104.56.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 42 days.</li>
</ul>
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Thor Industries options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

This Is What Whales Are Betting On Thor Industries

Deep-pocketed investors have adopted a bearish approach towards Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MRVL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 23 extraordinary options activities for Marvell Tech. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 60% bearish. Among these notable options, 10 are puts, totaling $1,041,041, and 13 are calls, amounting to $792,116.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $40.0 to $100.0 for Marvell Tech during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Marvell Tech options trades today is 1661.25 with a total volume of 13,124.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Marvell Tech's big money trades within a strike price range of $40.0 to $100.0 over the last 30 days.
<h3>Marvell Tech Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729708248_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$0.75</td>
<td>$0.53</td>
<td>$0.68</td>
<td>$68.00</td>
<td>$561.0K</td>
<td>11</td>
<td>8.3K</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.5</td>
<td>$9.4</td>
<td>$9.5</td>
<td>$85.00</td>
<td>$131.1K</td>
<td>256</td>
<td>237</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$16.3</td>
<td>$16.15</td>
<td>$16.3</td>
<td>$72.50</td>
<td>$125.5K</td>
<td>698</td>
<td>93</td>
</tr>
<tr>
<td>MRVL</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.75</td>
<td>$9.7</td>
<td>$9.75</td>
<td>$85.00</td>
<td>$96.5K</td>
<td>256</td>
<td>0</td>
</tr>
<tr>
<td>MRVL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$6.75</td>
<td>$6.7</td>
<td>$6.7</td>
<td>$85.00</td>
<td>$93.8K</td>
<td>4.1K</td>
<td>233</td>
</tr>
</tbody>
</table>

<h3>About Marvell Tech</h3>
Marvell Technology is a fabless chip designer focused on wired networking, where it has the second-highest market share. Marvell serves the data center, carrier, enterprise, automotive, and consumer end markets with processors, optical and copper transceivers, switches, and storage controllers.
Following our analysis of the options activities associated with Marvell Tech, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Marvell Tech</h3>
<ul>
<li>Trading volume stands at 4,689,325, with MRVL's price down by -4.12%, positioned at $79.92.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 37 days.</li>
</ul>
<h3>What Analysts Are Saying About Marvell Tech</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $91.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Citigroup persists with their Buy rating on Marvell Tech, maintaining a target price of $91. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marvell Tech options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

MRVL

Smart Money Is Betting Big In MRVL Options

UBS Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) has outperformed the market over the past 5 years by 7.7% on an annualized basis producing an average annual return of 21.35%. Currently, UBS Gr has a market capitalization of $103.02 billion. 
Buying $1000 In UBS: If an investor had bought $1000 of UBS stock 5 years ago, it would be worth $2,660.26 today based on a price of $32.13 for UBS at the time of writing.
<h3>UBS Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729708216_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In UBS Gr 5 Years Ago Would Be Worth This Much Today

U.S. stocks traded lower toward the end of trading, with the S&amp;P 500 falling more than 1% on Wednesday.
The Dow traded down 1.32% to 42,358.19 while the NASDAQ fell 2.06% to 18,190.21. The S&amp;P 500 also fell, dropping, 1.33% to 5,773.33.
Check This Out: <a href="https://www.benzinga.com/news/earnings/24/10/41485836/how-to-earn-500-a-month-from-ibm-stock-ahead-of-q3-earnings">How To Earn $500 A Month From IBM Stock Ahead Of Q3 Earnings</a>
Leading and Lagging Sectors Real estate shares rose by 0.7% on Wednesday.
In trading on Wednesday, information technology shares fell by 2.1%.
Top Headline
U.S. crude oil inventories increased by 5.474 million barrels in the week ended Oct. 18, compared to market estimates of a 0.7 million gain.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) shares shot up 165% to $1.3000 after the company reported preliminary 9-moth revenue growth of 120% year over year.</li>
<li>Shares of CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) got a boost, surging 73% to $0.2704. The company requested a panel hearing for November 5, 2024, and will be subject to a halt in the suspension or delisting decision until then.</li>
<li>Virax Biolabs Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>) shares were also up, gaining 57% to $2.6399 after the company announced a distribution agreement with Europa Biosite to commercialize the ImmuneSelect research-use portfolio in the United Kingdom and Ireland.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Alto Neuroscience, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANRO#NYSE">ANRO</a>) shares dropped 67% to $4.7398 after the company announced topline results from a Phase 2b trial evaluating ALTO-100 as a treatment for major depressed disorder did not meet its primary endpoint.</li>
<li>Shares of Constellium SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSTM#NYSE">CSTM</a>) were down 29% to $10.59 after the company reported third-quarter EPS and sales that missed estimates, citing macroeconomic and geopolitical uncertainties, and expressed caution heading into 2025.</li>
<li>Enphase Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) was down, falling 15% to $78.67 after the company reported worse-than-expected third-quarter financial results.</li>
</ul>
Commodities In commodity news, oil traded down 1.7% to $70.54 while gold traded down 1% at $2,732.70.
Silver traded down 3.4% to $33.835 on Wednesday, while copper fell 1% to $4.3350.
Euro zone
European shares closed mostly lower today. The eurozone's STOXX 600 fell 0.30%, Germany's DAX fell 0.23% and France's CAC 40 fell 0.50%. Spain's IBEX 35 Index rose 0.27%, while London's FTSE 100 fell 0.58%.
Consumer confidence in the Eurozone rose by 0.4 points to a reading of -12.5 in October.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 falling 0.80%, Hong Kong's Hang Seng Index gaining 1.27%, China's Shanghai Composite Index gaining 0.52% and India's BSE Sensex falling 0.17%.
Singapore's annual inflation rate eased to 2.0% in September versus 2.2% in the previous month.
Economics
<ul>
<li>U.S. mortgage applications declined by 6.7% from the previous week during the third week of October, following a 17% dip in the earlier period.</li>
<li>U.S. existing home sales declined 1% from the previous month to an annualized rate of 3.84 million in September.</li>
<li>U.S. crude oil inventories increased by 5.474 million barrels in the week ended Oct. 18, compared to market estimates of a 0.7 million gain.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/10/41483157/top-2-energy-stocks-that-may-implode-this-quarter">&nbsp;</a>
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41483157/top-2-energy-stocks-that-may-implode-this-quarter">Top 2 Energy Stocks That May Implode This Quarter</a></li>
</ul>

Earnings

Eurozone

Commodities

Intraday Update

ANRO

CNSP

CSTM

ENPH

LRHC

VRAX

Nasdaq Down 2%; US Crude Stocks Increase

O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) has outperformed the market over the past 5 years by 8.85% on an annualized basis producing an average annual return of 22.5%. Currently, O'Reilly Automotive has a market capitalization of $69.96 billion. 
Buying $1000 In ORLY: If an investor had bought $1000 of ORLY stock 5 years ago, it would be worth $2,709.40 today based on a price of $1205.38 for ORLY at the time of writing.
<h3>O'Reilly Automotive's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729708210_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ORLY

Here's How Much You Would Have Made Owning O'Reilly Automotive Stock In The Last 5 Years

Pentair plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) reported better-than-expected results for its <a href="https://www.benzinga.com/quote/PNR/earnings">third quarter on Tuesday</a>.
The company reported that third-quarter 2024 net sales fell 2% year over year to $993 million, beating the consensus of $988.8 million. Adjusted EPS rose 16% Y/Y to $1.09, surpassing the consensus of $1.07.
For FY24 Outlook, Pentair raised adjusted EPS to $4.27 (from $4.25) vs. consensus of $4.25. Meanwhile, the company continues to see sales growth of roughly flat to down 1% on a reported basis.
Pentair sees fourth-quarter adjusted EPS of $1.02 versus a consensus of $1.02 and sales of around $965 million-$975 million vs. a consensus of $989.2 million.
CEO John L. Stauch said, &#8220;Our relentless dedication to strong execution, Transformation, and delivering value to our customers has driven yet another quarter of significant free cash flow and outstanding results, surpassing our expectations. Our balanced approach across our water portfolio continues to validate the effectiveness of our strategy. We have made substantial progress on 80/20 with the completion of training on a majority of our total revenue."
Pentair shares fell 1.3% to trade at $97.04 on Wednesday.
These analysts made changes to their price targets on Pentair following earnings announcement.
<ul>
<li>Barclays analyst Julian Mitchell maintained Pentair with an Overweight and raised the price target from $105 to $108.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58a462c943eaaa0001e788d5/jeffrey-hammond">Keybanc analyst Jeffrey Hammond</a> maintained the stock with an Overweight and raised the price target from $110 to $115.</li>
<li>Goldman Sachs analyst Brian Lee maintained Pentair with a Neutral and raised the price target from $93 to $103.</li>
<li>UBS analyst Damian Karas maintained the stock with a Buy and raised the price target from $100 to $115.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587781de5064ed0001730078/stephen-tusa">JP Morgan analyst Stephen Tusa</a> maintained Pentair with a Neutral and raised the price target from $106 to $110.</li>
<li>TD Cowen analyst Joseph Giordano maintained the stock with a Buy and boosted the price target from $95 to $110.</li>
</ul>
Considering buying PNR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="494" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23142351/image-221-1024x494.png" alt="" class="wp-image-610472" style="width:647px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23142351/image-221-1024x494.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23142351/image-221-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23142351/image-221-768x371.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23142351/image-221.png 1197w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41488681/wall-streets-most-accurate-analysts-give-their-take-on-3-tech-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields</a></li>
</ul>

Pentair Analysts Increase Their Forecasts Following Better-Than-Expected Q3 Results

WIIM

NVDA

Nvidia shares are trading lower Wednesday after CEO Jensen Huang reportedly acknowledged that Taiwan Semiconductor assisted in resolving a design flaw in its latest Blackwell AI chips.

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could soar to $200,000 by the end of 2025, driven by a combination of rising institutional demand and supply reduction following <a href="https://www.benzinga.com/money/what-is-bitcoin-halving">the latest halving</a>.
What Happened: In their October &#8220;Bitcoin Investing Guide,&#8221; Bernstein analysts highlighted Bitcoin's unique supply structure, particularly its capped total supply of 21 million coins and the halving events that reduce the rate at which new coins are created. These events occur every four years and effectively reduce the selling pressure from miners.
"After each halving cycle, the miners' rewards halve, which means half the miner sell pressure in the market," the report noted.
A major factor in this cycle is the introduction of <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41487660/bitcoin-spot-etf-nets-79m-outflow-after-7-day-inflow-streak">spot Bitcoin ETFs</a>, which launched in January 2024. By September 2024, these ETFs had already accumulated $60 billion in assets under management, with Bernstein predicting this number could grow to $190 billion by the end of 2025.
<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40916462/michael-saylor-bitcoin-to-hit-13m-by-2045-will-get-us-to-a-different-place">Institutional adoption</a> is expected to play a pivotal role in Bitcoin's growth, with these ETFs providing access to traditional capital markets. While 80% of current ETF flows come <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40773784/bitcoin-etfs-are-not-an-adoption-vehicle-with-holders-on-2b-unrealized-losses-analyst-says">from retail investors</a>, Bernstein expects institutional participation to rise significantly.
According to a recent <a href="https://x.com/ki_young_ju/status/1848689728423661875">tweet</a> by CryptoQuant's founder, U.S. institutional ownership of spot Bitcoin ETFs is around 20%, with asset managers collectively holding 193,000 BTC.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/digital-assets"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41453688/bitcoin-dips-below-67-000-watch-these-key-support-levels-says-analyst">Bitcoin Dips Below $67,000: Watch These Key Support Levels, Says Analyst</a>
Why It Matters: Bernstein's model, based on a multiple of the marginal cost of production, suggests Bitcoin could rise to $500,000 by 2029 and potentially $1 million by 2033. For the 2025 target, the report estimates Bitcoin could reach 1.5 times its marginal production cost, leading to a projected price of $200,000—about three times its current value.
The analysts highlighted the &#8220;accumulate phase,&#8221; during which long-term holders buy up Bitcoin and surviving miners add capacity. Given Bitcoin&#8217;s status as a relatively new asset class, it has substantial room for growth compared to traditional financial assets.
Bernstein predicts that by 2025, Bitcoin ETFs could control 7% of the circulating supply, with this number potentially rising to 15% by 2033, up from the current 4.5%
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/24/10/41480990/gary-gensler-wishes-happy-sweet-sixteen-to-bitcoin-ahead-of-whitepaper-anniversary-sec-cha">Gary Gensler Wishes &#8216;Happy Sweet Sixteen&#8217; To Bitcoin Ahead Of Whitepaper Anniversary — SEC Chair Says Decentralized Tech Compatible With Securities Law, But…</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

Bitcoin Could Hit $200,000 By 2025, Driven By Institutional Demand and ETFs: Bernstein

JP Morgan analyst Ryan Brinkman maintains General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) with a Overweight and raises the price target from $64 to $70.

JP Morgan Maintains Overweight on General Motors, Raises Price Target to $70

TD Cowen analyst Bryan Bergin maintains Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) with a Buy and raises the price target from $200 to $230.

TD Cowen Maintains Buy on Fiserv, Raises Price Target to $230

TD Cowen analyst Dan Brennan maintains Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) with a Buy and raises the price target from $310 to $315.

TD Cowen Maintains Buy on Danaher, Raises Price Target to $315

JP Morgan analyst Jay Kwon downgrades LG Display Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPL#NYSE">LPL</a>) from Overweight to Neutral.

Downgrades

JP Morgan Downgrades LG Display Co to Neutral

Jefferies analyst Brian Tanquilut maintains Walgreens Boots Alliance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBA#NASDAQ">WBA</a>) with a Hold and lowers the price target from $19 to $9.

Jefferies Maintains Hold on Walgreens Boots Alliance, Lowers Price Target to $9

TD Cowen analyst Charles Rhyee maintains Medpace Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDP#NASDAQ">MEDP</a>) with a Buy and lowers the price target from $413 to $372.

MEDP

TD Cowen Maintains Buy on Medpace Hldgs, Lowers Price Target to $372

We all knew that Intel ($INTC) has been on the ropes these days. But this chip stock is not taking the situation lying down. In fact, it is turning...

Intel (NASDAQ:INTC) and AMD Team-Up on New Project

How is QQQ stock faring? The Invesco QQQ ETF is up 0.03% in the past five days and has risen about 22.01% year-to-date.   According to TipRanks' un...

QQQ ETF Update, 10/16/2024

Arm Holdings: Decelerating Growth Prospects Question Its Extremely Expensive Valuations

How is QQQ stock faring? The Invesco QQQ ETF is up 0.94% in the past 5 days and has risen about 39.98% over the past year.   According to TipRanks'...

QQQ ETF Update, 10/21/2024

Micron, Qualcomm seen 'in limbo' going into earnings: Barclays

IFPI, representing the recording industry worldwide, has announced its support for the following AI Training Statement: The unlicensed use of creat...

IFPI supports AI Training Statement on unlicensed use of creative works

Arm to cancel chip design license deal with Qualcomm over contract dispute - report

JPMorgan says Bloomberg reported that Arm (ARM) is cancelling Qualcomm's (QCOM) architectural license by putting Qualcomm on a 60-day notice prior ...

JPMorgan sees Arm license cancelation as negotiation tactic versus Qualcomm

After Bloomberg reported that ARM Holdings (ARM) has given Qualcomm (QCOM) a mandated 60-day notice of cancellation of the licensing agreement that...

Citi see 'minimal impact' to Qualcomm, but possible drawn-out fight with Arm

Citi sees 'minimal impact' to Qualcomm, but possible drawn-out fight with Arm

AAPL

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BKNG

DXCM

FTNT

GOOG

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INTC

LRCX

MRNA

MSFT

QCOM

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Screenshot 2024-07-09 at 1.55.05 PM

CSE:PURR

GLIOF

Panther Minerals (OTC: GLIOF) May Be Poised To Benefit Amid Nuclear Power Push For AI Data Center Growth

Press Releases

Vocodia Is Ushering In A New Era And Setting A High Benchmark For Conversational AI Technology ($VHAI)

Arm Holdings plc to Join the Nasdaq-100 Index® Beginning June 24, 2024

Small Cap

Opinion

Private Sector Pushes Forward Amid US-China AI Regulation Disputes

Arm Announces Earnings Release Date for First Quarter Fiscal Year Ended 2025

Arm Holdings plc Reports Results for the First Quarter of the Financial Year Ended 2025

Arm Announces Appointment of Young Sohn to its Board of Directors

Arm Joins the PHLX Semiconductor Sector Index℠ (SOX℠)

Arm Announces Earnings Release Date for Second Quarter Fiscal Year Ended 2025

AVAI

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NDAQ

NDXE

NDXESG

NDXSES

NDXT

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NDXX

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PEGA

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Astera Labs

Advanced Micro Devices, Inc. - Common Stock

Advanced Micro Devices

ASE Technology Holding Co., Ltd. American Depositary Shares (each representing Two Common Shares)

ASE Tech Holding Co

Broadcom

Cirrus Logic

First Solar

GLOBALFOUNDRIES

Intel

Lattice Semiconductor Corporation - Common Stock

Lattice Semiconductor

Microchip Technology Incorporated - Common Stock

Microchip Technology

Monolithic Power Systems, Inc. - Common Stock

Monolithic Power Systems

Marvell Tech

MACOM Technology Solutions Holdings, Inc. - Common Stock

MACOM Technology Solns

Micron Technology

NVIDIA

Universal Display Corporation - Common Stock

Universal Display

ON Semiconductor Corporation - Common Stock

ON Semiconductor

Qualcomm

Qorvo

STMicroelectronics

Skyworks Solutions

Taiwan Semiconductor Manufacturing Company Ltd.

Taiwan Semiconductor

Texas Instruments Incorporated - Common Stock

Texas Instruments

United Microelectronics Corporation (NEW) Common Stock

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