Dernières nouvelles pour Duckhorn Portfolio (NYSE:NAPA) Stock

Duckhorn Portfolio

The Duckhorn Portfolio Inc produces luxury and ultra-luxury wine across a portfolio of winery brands, including Duckhorn Vineyards, Paraduxx, Goldeneye, Migration, Decoy, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. Its revenue is comprised of wholesale and direct-to-consumer sales. Wholesale revenue is generated through sales directly to California retailers and restaurants, sales to distributors and agents located in other states throughout the United States, and sales to export distributors that sell internationally.

The Duckhorn Portfolio, Inc. Common Stock

The Duckhorn Portfolio Inc

Napatech AS

Monday, Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) stock gained after it announced a complete liquid cooling solution that includes powerful Coolant Distribution Units (CDUs), cold plates, Coolant Distribution Manifolds (CDMs), cooling towers, and <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/n41206584/supermicro-solidifies-position-as-a-leader-in-complete-rack-scale-liquid-cooling-solutions-current" rel="noreferrer noopener">end-to-end management software</a>.
Supermicro said it recently deployed over 100,000 GPUs with liquid cooling solution (DLC) for some of the largest AI factories ever built, as well as other Cloud Service Providers (CSPs).
Supermicro&#8217;s ultra-dense server with dual top-bin CPUs and 8 Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) HGX GPUs in just 4U with liquid cooling quadruples the computing density, allowing organizations to run larger training models with a smaller data center footprint.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41162435/supermicro-and-fujitsu-partner-for-ai-powered-server-whats-in-store" rel="noreferrer noopener">Supermicro And Fujitsu Partner For AI-Powered Server: What&#8217;s In Store?</a>
This complete solution reduces ongoing power costs, Day 0 hardware acquisition, and data center cooling infrastructure costs.
However, Supermicro stock has been under pressure since the U.S. Department of Justice started probing the company following an <a target="_blank" href="https://www.benzinga.com/news/24/09/41052423/super-micro-computer-stock-falls-on-report-of-doj-probe-what-to-know" rel="noreferrer noopener">August&nbsp;short report</a> from Hindenburg Research.
The short report highlighted allegations by former employee Bob Luong over the AI server company&#8217;s inappropriate revenue recognition policies and the re-hiring of employees the company had terminated due to involvement with past accounting violations.
Supermicro had inked a settlement with the SEC in 2020, paying $17.5 million without admitting or denying the accusations.&nbsp;
Needham analyst Quinn Bolton flagged Supermicro, a first mover in rack-level liquid cooling solutions, with its liquid cooling as an opportunity for further <a target="_blank" href="https://www.benzinga.com/news/24/09/40926422/super-micro-poised-for-expansion-as-gross-margin-concerns-ease-internal-control-risks-priced-in-anal" rel="noreferrer noopener">market share expansion</a>.
Bolton noted that the stock has priced in most of the risk associated with the&nbsp;board&#8217;s review of internal controls following the short report.
Supermicro stock is up 61% in the last 12 months. Investors can gain exposure to the stock through Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>) and Invesco S&amp;P 500 Equal Weight ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSP#NYSE">RSP</a>).
Price Action:&nbsp;SMCI stock is up 13.80% at $46.94 at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41012678/super-micro-unveils-next-gen-servers-powered-by-intels-latest-xeon-chips" target="_blank" rel="noreferrer noopener">Super Micro Unveils Next-Gen Servers Powered by Intel&#8217;s Latest Xeon Chips</a></li>
</ul>

News

Movers

Tech

NVDA

Rydex ETF Trust Rydex S&P Equal Weight ETF

SMCI

What's Going On With Super Micro Computer Stock On Monday?

Wells Fargo analyst Sam Reid downgrades Lennar (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) from Overweight to Equal-Weight and lowers the price target from $205 to $190.

Downgrades

Price Target

Analyst Ratings

Wells Fargo Downgrades Lennar to Equal-Weight, Lowers Price Target to $190

TD Cowen analyst Jared Levine maintains Dayforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAY#NYSE">DAY</a>) with a Hold and raises the price target from $58 to $62.

TD Cowen Maintains Hold on Dayforce, Raises Price Target to $62

Wells Fargo analyst Mohit Bansal upgrades Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) from Equal-Weight to Overweight and raises the price target from $78 to $100.

Upgrades

GILD

Wells Fargo Upgrades Gilead Sciences to Overweight, Raises Price Target to $100

WIIM

FAST

Fastenal shares are trading higher after B of A Securities initiated coverage on the stock with a Buy rating and announced a price target of $85.

Trading Ideas

Live On CNBC: Brian Belski Buys Southern Co.

Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) shares are trading lower on Monday. The company inked a binding framework agreement with Allied Green Ammonia (AGA) to supply 3 gigawatts (GW) of electrolyzer capacity for AGA&#8217;s green <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41207472/plug-and-allied-green-execute-binding-framework-agreement-for-3-gw-electrolyzer-capacity" rel="noreferrer noopener">hydrogen-to-ammonia plant in Australia</a>.
Following the MOU and engineering design package, Plug and AGA are finalizing a sales agreement. This partnership advances plans for one of the world&#8217;s largest green ammonia plants, with Plug&#8217;s electrolyzer system set for delivery by late 2026 or early 2027.
AGA is developing a major green ammonia facility at Gove Peninsula, Northern Territory, Australia, set to produce 2,700 metric tons per day using renewable energy.
This collaboration with Plug Power will decarbonize ammonia production by replacing traditional Steam Methane Reforming (SMR) with green hydrogen from Plug&#8217;s electrolyzers.
By combining Plug&#8217;s technology with AGA&#8217;s industry expertise, the facility aims to produce green ammonia competitively compared to conventional, carbon-intensive methods.
Andy Marsh, CEO of Plug Power. &#8220;Our extensive experience in constructing and operating large-scale hydrogen facilities, combined with our cutting-edge PEM electrolyzer technology, positions us as the ideal partner for this transformative 3 GW project.&#8221;
Alfred Benedict, Chairman &amp; Managing Director of Allied Green said, &#8220;Our collaboration with Plug Power builds on our team&#8217;s substantial work over many years that will enable us to efficiently harness the power of electrolysis-based hydrogen and, drastically reduce carbon emissions in the ammonia production process.&#8221;
Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/40940207/plug-power-fuels-sales-boom-with-150m-equipment-leasing-strategy-whats-the-benefit" rel="noreferrer noopener">Plug Power Fuels Sales Boom With $150M+ Equipment Leasing Strategy &#8211; What&#8217;s The Benefit?</a>
This month, Plug Power teamed up with Carreras Grupo Logístico in Spain to establish <a target="_blank" href="https://www.benzinga.com/markets/equities/24/10/41120825/whats-going-on-with-plug-power-stock-tuesday" rel="noreferrer noopener">hydrogen-powered logistics site</a>.
Investors can gain exposure to the stock via&nbsp;Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
Price Action: PLUG shares are down 0.70% at $2.135 at the last check Monday.
Photo via Shutterstock
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41161081/us-stocks-staring-at-another-weak-open-as-traders-await-key-jobs-report-sentiment-wavers-as-oil-ext" target="_blank" rel="noreferrer noopener">US Stocks Staring At Another Weak Open As Traders Await Key Jobs Report; Sentiment Wavers As Oil Extends Surge Amid Middle East Tensions</a></li>
</ul>

Equities

Contracts

Small Cap

HYDR

PLUG

What's Going On With Plug Power Stock Monday?

Baird analyst Ben Kallo maintains Lucid Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) with a Neutral and maintains $3 price target.

LCID

Baird Maintains Neutral on Lucid Gr, Maintains $3 Price Target

Wells Fargo analyst Sam Reid downgrades KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) from Equal-Weight to Underweight and raises the price target from $80 to $83.

Wells Fargo Downgrades KB Home to Underweight, Raises Price Target to $83

Fastenal Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) shares are trading slightly higher Monday. BofA Securities analyst Sabrina Abrams initiated coverage on Fastenal with a Buy rating and announced a <a href="https://www.benzinga.com/news/24/10/41206642/this-fastenal-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-monday">price target of $85</a>.
The Details:
The BofA analyst highlighted Fastenal's double-digit growth in national customer contract counts in the first and second quarters of 2024, reflecting the success of the company's renewed focus on winning contracts with large customers. Abrams said she expects the growth to continue through the fourth quarter and into 2025 and 2026.&nbsp;
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a>
Abrams also noted Fastenal's sales volumes have outperformed even as offshoring slowed industrial production in its markets. The analyst sees Fastenal as positioned to benefit as companies return to reshoring and expects sales volumes to accelerate further in the long-term.&nbsp;
FAST Q3: Fastenal is set to report its third-quarter financial results on Friday before the opening bell.&nbsp; Analysts expects the company to report earnings of 51 cents per share and quarterly revenue of $1.915 billion, according to estimates from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>.
<h3 class="wp-block-heading">FAST Stock Prediction 2024: </h3>
When buying a stock for a longer time horizon, it is important for investors to assess where they think the stock is headed in the future.
When mapping a stock's future trajectory, investors should consider factors including the future earnings expectations and expected performance against a benchmark.
Fastenal&#8217;s revenue has grown at an average rate of 7.73% annually over the past 5 years. The average 1-year price target from analysts is $71.6, representing an expected 1.94% upside in 2025.
While past performance is not a guarantee of future results, investors should also look at a stock's historical performance when compared to both a benchmark index and the company's peers. Shares of Fastenal have seen an annualized return of 12.9%, outperforming the S&amp;P500 index by 3.56%. This compares to 12.1% growth in the overall Industrials sector. Fastenal has a beta of 1.2.
FAST Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Fastenal shares are up 0.44% at $70.49 at the time of publication Monday.
Read Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41186003/bitcoin-miner-iris-energy-releases-september-update-what-to-know">Bitcoin Miner Iris Energy Releases September Update: What To Know</a></li>
</ul>
Image: Shutterstock&nbsp;

Analyst Color

What's Going On With Fastenal Stock?

Wells Fargo analyst Deepa Raghavan upgrades Mohawk Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MHK#NYSE">MHK</a>) from Underweight to Equal-Weight and raises the price target from $140 to $160.

Wells Fargo Upgrades Mohawk Industries to Equal-Weight, Raises Price Target to $160

GM Resuming Production Later Today At Texas Assembly Plant Idled Last Week Due To Hurricane-Related Supplier Shortage

Wells Fargo analyst Christian Wetherbee upgrades Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) from Equal-Weight to Overweight and maintains the price target from $125 to $125.

Wells Fargo Upgrades Canadian National Railway to Overweight, Maintains Price Target to $125

Last Friday's US economic data showed a big beat across the board. Nonfarm Payrolls beat all expectations at 254K, Unemployed dropped to 4.1% and average hourly earnings came in at 4.0% YoY. So, is everything rosy in the US economy? If yes, why is the Federal Reserve cutting rates?
Let's take things from the beginning. The Fed but 50bps in the last meeting, when most economic data suggested that there was no need at all:
<ul>
<li>GDP growth QoQ is averaging around 3%.</li>
<li>Unemployment is in the low 4% area.</li>
<li>Inflation has been dropping but still well above the 2% target.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="940" height="662" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173557/image.png" alt="" class="wp-image-1995" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173557/image.png 940w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173557/image-300x211.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173557/image-768x541.png 768w" sizes="(max-width: 940px) 100vw, 940px" /></figure>
Perhaps the Fed is forecasting an upturn in unemployment and a further fall in inflation &amp; GDP, and they – uncharacteristically – are trying to be proactive rather than reactive. It's likely that their main concern is unemployment, as they consider the inflation issue "resolved" now.
Headline employment numbers might look good on paper, but what happens when we dig deeper into the details? The picture is certainly less rosy:
<ul>
<li>The vast majority of job gains was in government and healthcare, while the private sector jobs were stagnant.</li>
<li>Many of the job gains are attributed to immigrants, rather than native US citizens.</li>
<li>The number of individuals holding multiple jobs hit new all-time highs. Is this because people love taking more jobs in order to earn more money, or is it due to necessity in order to make ends meet? My guess is the latter.</li>
<li>We also need to remember that these numbers get heavily revised (usually to the downside), with the last revision being over 800k lower.</li>
</ul>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="954" height="556" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173648/image-1.png" alt="" class="wp-image-1996" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173648/image-1.png 954w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173648/image-1-300x175.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173648/image-1-768x448.png 768w" sizes="(max-width: 954px) 100vw, 954px" /></figure>
Politicians keep "reminding" people that the US economy is in great shape, but what's really driving it? Both the government and individuals are loading up on record debt – the US Debt/GDP has soared to 120% and credit card debt has hit new all-time highs.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="940" height="321" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173718/image-2.png" alt="" class="wp-image-1997" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173718/image-2.png 940w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173718/image-2-300x102.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173718/image-2-768x262.png 768w" sizes="(max-width: 940px) 100vw, 940px" /></figure>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="967" height="687" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173735/image-2-1.png" alt="" class="wp-image-1998" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173735/image-2-1.png 967w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173735/image-2-1-300x213.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173735/image-2-1-768x546.png 768w" sizes="(max-width: 967px) 100vw, 967px" /></figure>
So, what's my takeaway from all this, at least in the short to medium term?
<ul>
<li>I think that the underlying condition of the US economy is worse than the headline numbers suggest.</li>
<li>The Fed may need to ease more than markets expect, bringing yields lower. This is a much-needed outcome for the government, whose interest expense is growing at an alarming rate (currently above 1/3 of total tax receipts). There is still strong demand for US treasuries and of course the Fed is ready to help in case more buying firepower is needed.</li>
<li>Low yields bring support to equities and with the US elections only weeks away, the government will want to do everything in its power to avoid a downturn.</li>
<li>None of the two presidential candidates (Trump and Harris) even mentioned the spiraling debt problem, suggesting that they will do nothing to address it. A Trump win will be theoretically good for the US Dollar, while a Harris presidency will likely mean much looser monetary &amp; fiscal policies.</li>
</ul>
I think that yields and the USD will eventually move to higher levels, but for the next few weeks and months the most likely scenario is a continuation lower.
The 10y UST yield has recently bounced from its 3.60% lows and it could well continue towards the 50% Fibonacci retracement and 200DMA that comes in at around 4.17%; however, I think that the 3.25%-3.35% support zone will be retested.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="880" height="664" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173805/image-2-2.png" alt="" class="wp-image-1999" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173805/image-2-2.png 880w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173805/image-2-2-300x226.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173805/image-2-2-768x579.png 768w" sizes="(max-width: 880px) 100vw, 880px" /></figure>
The DXY index is also rebounding and could continue towards the 23.6% Fibonacci retracement at 103.16, but it's quite probable that it will then resume its move lower towards the 99.50 lows.
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="817" height="616" src="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173825/image-3.png" alt="" class="wp-image-2000" style="width:624px" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173825/image-3.png 817w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173825/image-3-300x226.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2024/10/06173825/image-3-768x579.png 768w" sizes="(max-width: 817px) 100vw, 817px" /></figure>
I am not in the camp of those who are calling for a US debt default or a change in the world's reserve currency. I believe that the US will eventually regain its former glory via better fiscal and economic policies – however, the path in the next weeks and months will be a very difficult one.
Stelios Contogoulas 
Forex Analytix

Economics

Federal Reserve

Markets

What's Going On With The US Economy And The Federal Reserve?

The Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) version of viral meme coin Moondeng (CRYPTO: MOONDENG) has picked up steam after Vitalik Buterin sold part of his holding to <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39213806/ethereum-co-founder-vitalik-buterin-responds-to-celebrity-memecoins-how-do-we-push-things-">donate it to charity</a>.
What Happened: On-chain analytics provider Spot On Chain highlighted the Ethereum co-founder selling 10 billion MOONDENG, worth $822,000, for 308.68 ETH. Buterin then donated 260.16 ETH, approximately $642,000, to the charity Kanro, dedicated to anti-airborne-disease technology.
Despite this sale, Buterin still retains a substantial amount of MOODENG. He <a href="https://x.com/spotonchain/status/1843268947757711630">currently</a> holds 40 billion MOODENG, worth around $7.56 million, which is around 9.51% of the total supply.
Buterin also sold $341,000 worth of meme-coins MOODENG, DEGEN, NEIRO, KABOSU and (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">USDT</a>) for 140.67 ETH. Of the total, he <a href="https://x.com/spotonchain/status/1842513892888715522">sent</a> 100ETH to the &#8220;Free Alexey &amp; Roman&#8221; campaign, supporting the legal defense of TornadoCash developers Alexey Pertsev and Roman Storm.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></a></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41097318/meme-coin-supercycle-means-13-out-of-top-20-outperforming-tokens-are-memes-will-shiba-doge">&#8216;Meme Coin Supercycle&#8217; Means 13 Out Of Top 20 Outperforming Tokens Are Memes: Will Shiba, Dogecoin Be First To Reach $100B?</a>
Why It Matters: Vitalik Buterin expressed his appreciation for meme coins that donate a portion of their supply to charity, encouraging more direct engagement from the community. The Ethereum co-founder specifically mentioned EBULL, a meme coin that recently made significant donations to several groups.
He further <a href="https://x.com/VitalikButerin/status/1843260976206082216">suggested</a> that meme coin communities could establish Decentralized Autonomous Organizations (DAOs) to involve their members more directly in decision-making processes related to charitable donations. 
Buterin&#8217;s call for meme coins to be &#8220;maximally positive sum for the world&#8221; reflects his long-standing belief in the transformative potential of blockchain technology for societal good.
What&#8217;s Next: The influence of meme coins is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.  
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41006355/these-2-meme-coins-will-show-us-if-the-mania-continues-says-trader-but-its-neither-doge-no">These 2 Meme Coins Will Show Us If The &#8216;Mania&#8217; Continues, Says Trader: But It&#8217;s Neither DOGE Nor SHIB</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$ETH

$USDT

Whoosh! Viral Baby Hippo Moondeng Surges 380% After Vitalik Buterin Sells His Stack And Donates $642K To Charity

Live On CNBC: Brian Belski Trims Home Depot

Zillow Group shares are trading lower. The stock may be down amid a rise in treasury yields.

Cantor Fitzgerald analyst Deepak Mathivanan reiterates Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) with a Neutral and maintains $110 price target.

Reiteration

Cantor Fitzgerald Reiterates Neutral on Trade Desk, Maintains $110 Price Target

Salinas Positioned As Key Growth Area Near $370M Latin Resources Acquisition By Pilbara; Focus Remains On Bringing Neves Project To Production For Initial Lithium Concentrate Output In Brazil's Lithium Valley

ATLX

Reported Earlier: Atlas Lithium Advances Salinas Project With Discovery Of Spodumene-Rich Pegmatites

Robinhood Markets Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hood#NASDAQ">HOOD</a>) plans to offer its British users the ability to invest in U.K. stocks as the company seeks growth beyond domestic markets. The company&#39;s CEO and co-founder, Vlad Tenev, mentioned this in an interview with Bloomberg on Friday.
This move, if executed, would follow the roll-out of commission-free trading by HOOD for more than 6,000 U.S.-listed stocks to U.K. investors.
<h2>HOOD&#39;s Rationale Behind This Pursuit</h2>
HOOD has been aiming to enter new markets in recent years to diversify its business and become less dependent on trading revenues. The trading activities have weakened after a pandemic-induced boom that led to inflated enthusiasm for meme stocks, driving up Robinhood&#39;s trading revenues in the process.
Tenev stated, &quot;We are looking ahead to multi-currency wallet support and local execution, including the London Stock Exchange. There&#39;s been huge demand for options as well &mdash; options on US equities &mdash; because that&#39;s just hard to come by here in the UK market.&quot;
Tenev further stated that the firm has realigned its emphasis within the U.S. markets, focusing on high-interest income-producing areas, such as retirement products and credit cards.
United Kingdom is a competitive market for Robinhood with firms like Revolut Ltd., eToro Group Ltd., Trading 212 Group Ltd. and Freetrade Ltd., which have been offering trading in U.K. stocks and compete with incumbents like Hargreaves Lansdown Plc, Fidelity Investments and AJ Bell Plc.
Robinhood seeks to replicate its success in the United States through no-commission trading, which was adopted by the other major players in the domain, increasing U.S. household investments into equities by 27% after HOOD&#39;s debut, while in the U.K. markets, this trend has been steady, noted Tenev.
&quot;Unlike the US, there hasn&#39;t really been a zero-commission revolution. We are hoping to change that here&quot; Tenev further mentioned.
<h2>Robinhood&#39;s Other Growth Initiatives</h2>
This move aligns with the company&#39;s growth strategy in recent years. This July, the company acquired Pluto Capital Inc. to enhance its offerings with intelligent, data-driven investing tools. In June, Robinhood agreed to acquire Bitstamp Ltd to propel its cryptocurrency division into new international markets.
Further, this March, the company unveiled its first-ever credit card to expand its services beyond mainstream trading. This card will be available to Robinhood Gold customers.
Over the past six months, HOOD shares have gained 23.3%, outperforming the industry&#39;s 10.8% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fa/80549.jpg?v=1667015127" />
Image Source: Zacks Investment Research
Currently, Robinhood sports a Zacks Rank #1 (Strong Buy).
<h2>Restructuring Initiatives by Other Finance Firms</h2>
Last week, JPMorgan (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/jpm#NYSE">JPM</a>) agreed to partner with Cliffwater, FS Investments and Shenkman Capital Management Inc. to boost its reach in the $1.7-trillion global private credit markets. The news was first reported by Bloomberg, citing people with knowledge of the matter.
Now, JPM will originate loans and invest in them alongside the direct lenders, who can only decline to participate in a handful of transactions over a pre-determined period.
Similarly, Citizens Financial Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cfg#NYSE">CFG</a>) announced the next stage of its West Coast expansion strategy, which includes the addition of a highly experienced Private Banking team in Southern California. The bank also revealed plans to open new Private Bank office locations in the region as part of its ongoing efforts to strengthen its presence and serve clients across key California markets.
This latest expansion follows the earlier announcements related to CFG&#39;s expansion in California, highlighting an integrated approach to growth across the key business lines of Private Banking, Wealth Management and Corporate &amp; Investment Banking.
<a href="https://www.zacks.com/stock/news/2346893/robinhood-mulls-over-introducing-uk-stock-investing-for-british-users?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2346893">To read this article on Zacks.com click here.</a>

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Robinhood Mulls Over Introducing UK Stock Investing for British Users

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Wall Street Breakfast: The Week Ahead

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Today, several major companies are expected to report earnings: Duckhorn Portfolio (NAPA). Ahead of earnings, TipRanks shows you the expected earni...

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This week, several major companies will be reporting earnings. Among them are JPMorgan Chase & Co. (JPM), Delta Air Lines (DAL), PepsiCo (PEP), Wel...

Options Volatility and Implied Earnings Moves This Week, October 07 – October 11, 2024

Duckhorn Portfolio Non-GAAP EPS of $0.14 beats by $0.04, revenue of $107.4M beats by $2.6M

Duckhorn Portfolio to be acquired by Butterfly in $1.95B all-cash deal

Butterfly Equity to buy The Duckhorn Portfolio in all-cash deal for about $1.95B take private deal

Butterfly Equity to buy The Duckhorn Portfolio in all-cash deal for about $1.95B

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Press Releases

The Duckhorn Portfolio Announces Fiscal Third Quarter 2024 Financial Results

The Duckhorn Portfolio Announces an Enhanced Distribution Relationship with Johnson Brothers

The Duckhorn Portfolio to Report Fiscal Fourth Quarter and Full Year 2024 Financial Results on October 7, 2024

Butterfly to Acquire Premier North American Luxury Wine Company The Duckhorn Portfolio in $1.95 Billion Transaction

The Duckhorn Portfolio Announces Fourth Quarter and Fiscal Year 2024 Financial Results

Shareholder Alert: Ademi LLP Investigates Whether the Duckhorn Portfolio Is Obtaining a Fair Price for Its Public Shareholders

NAPA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of The Duckhorn Portfolio, Inc. Is Fair to Shareholders

Legal

NAPA Alert: Monsey Firm of Wohl & Fruchter Investigating Fairness of the Sale of The Duckhorn Portfolio to Butterfly Equity

NAPA Merger News: Johnson Fistel Investigates Duckhorn and its Directors and Management Following Sale

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates B, NAPA, VIRI on Behalf of Shareholders

VIRI

Brown Forman Inc Class A Common Stock

Brown Forman Inc Class B Common Stock

Diageo

Eastside Distilling

Innovation Beverage Group Limited - Ordinary Shares

Innovation Beverage Group

MGP Ingredients

Splash Beverage Group, Inc. (NV) Common Stock

Splash Beverage Group

Constellation Brands

Fresh Vine Wine

Willamette Valley Vineyards, Inc. - Common Stock

Willamette Valley

Barclays

Citigroup

BMO Capital

RBC Capital

Wedbush

Duckhorn Portfolio shares are trading higher after the company reported better-than-expected Q4 financial results. Also, the company announced it entered into a definitive agreement to be acquired by private equity funds managed by Butterfly Equity.

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