Dernières nouvelles pour Seazen Group (OTC:SZENF) Stock

Seazen Group Ltd is an investment holding company that develops and sells properties. The company has two operating segments; The A-share company segment is engaged in the development of residential properties and mixed-use complexes for sale and investment, and the Non-A share companies segment is engaged in services. All the property development projects are in the People's Republic of China, and accordingly, the majority of its revenue is derived from the PRC.

Seazen Group Ltd

The CEO of JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Jamie Dimon, has refrained from publicly endorsing either Donald Trump or Kamala Harris in the upcoming election, leading to widespread speculation about his political leanings.
What Happened: Dimon has been tight-lipped about his political preferences recently. Despite earlier applauding some of Trump&#8217;s policies, he has not publicly endorsed the former president. Instead, he has privately expressed support for Vice President Harris and has not excluded the possibility of a role in her administration, <a href="https://www.nytimes.com/2024/10/22/business/jamie-dimon-jpmorgan-harris-trump.html">reported</a> The New York Times citing unnamed sources.
Dimon&#8217;s decision to withhold his political endorsement is reportedly due to fears of potential retaliation from Trump, should he win the election. This concern is echoed by other high-profile corporate executives, as Trump has recently intensified threats of political retribution. The JPMorgan CEO declined an interview with the Times.
A JPMorgan spokesperson noted that Dimon&#8217;s comments are often &#8220;weaponized by the left or right when he weighs in on politics or politicians, which is not constructive to helping solve our country's biggest problems.&#8221;
JPMorgan did not immediately respond to Benzinga&#8217;s request for comments.
See Also: <a href="https://www.benzinga.com/news/24/10/41477920/prepared-if-trump-declares-a-premature-victory-says-kamala-harris-we-have-the-resources-and-the-expe?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Prepared If Trump Declares A Premature Victory, Says Kamala Harris: &#8216;We Have The Resources And The Expertise&#8217;</a>
The Trump and Harris campaigns have both sought Dimon&#8217;s public endorsement. However, Dimon&#8217;s silence on the matter has been noted by both Washington and Wall Street, causing speculation and concern among his peers and rivals.
A spokesperson for JPMorgan stated that Dimon has not publicly endorsed a presidential candidate, but he often speaks out on policies to strengthen the country.
Why It Matters: This development comes after earlier reports that Dimon had rejected Trump&#8217;s <a href="https://www.benzinga.com/general/politics/24/10/41192406/jamie-dimon-rejects-trump-endorsement-claim-casting-doubt-on-treasury-rumors">claim of endorsement</a>, casting doubt on rumors of him being considered for the Treasury Secretary position. T
This followed a report in July that Trump was <a href="https://www.benzinga.com/news/24/07/39807207/trump-eyes-jamie-dimon-for-treasury-secretary-rules-out-ousting-fed-chair-jerome-powell">considering</a> Dimon for the Treasury Secretary role if he won the election. Dimon had also publicly <a href="https://www.benzinga.com/news/24/07/39787538/jamie-dimon-in-a-memo-to-employees-slams-attack-on-trump-says-constructive-dialogue-can-tackle-our-n">responded</a> to an attempted assassination of Trump in July.
In a memo he wrote, &#8220;It is only through constructive dialogue that we can tackle our nation's toughest challenges.&#8221;
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</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>

News

Politics

General

Jamie Dimon Reportedly Supports Kamala Harris Behind Closed Doors, But Maintains Silence In The Public

Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) is reportedly considering the possibility of a renewed acquisition of Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) amid the latter&#8217;s ongoing discussions with <a href="https://www.benzinga.com/markets/equities/24/10/41416572/spirit-airlines-extends-debt-deadlines-jetblue-founder-suggests-frontier-group-a-more-suitable-m">bondholders over a potential bankruptcy filing</a>.
What Happened: The two low-cost carriers have recently engaged in preliminary merger discussions. However, the talks are still in their early stages and may not result in a deal, The Wall Street Journal <a href="https://www.wsj.com/business/airlines/frontier-spirit-airlines-revive-merger-talks-a7ee5912">reported</a>, citing people familiar with the matter.
If a merger is agreed upon, it is likely to occur as part of Spirit&#8217;s debt and liability restructuring during bankruptcy proceedings. Spirit is currently negotiating with bondholders over potential bankruptcy terms while also exploring out-of-court options to restructure its balance sheet.
Spirit has been under significant financial strain, particularly after a failed merger with JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) and years of losses. 
Frontier Group Holdings Inc. and Spirit Airlines Inc. did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
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>
Why It Matters: The news of the potential merger comes in the wake of Spirit&#8217;s recent stock performance. The airline&#8217;s shares <a href="https://www.benzinga.com/news/24/10/41457620/why-spirit-airlines-save-stock-is-moving">dropped by 6.22%</a> on Tuesday, likely due to profit-taking after a Monday rally. This rally followed the announcement of an extension of the company&#8217;s debt refinancing deadline.
Earlier in October, Spirit <a href="https://www.benzinga.com/markets/equities/24/10/41416572/spirit-airlines-extends-debt-deadlines-jetblue-founder-suggests-frontier-group-a-more-suitable-m">modified its card processing agreement</a>, extending the deadline for its 2025 notes and the early maturity date. This followed ongoing negotiations with the U.S. National Bank Association regarding Visa and MasterCard payments.
Price Action: Spirit Airlines stock closed at $2.11 on Tuesday, down 6.22% for the day. In after-hours trading, the stock rose 16.59%. Year-to-date, Spirit Airlines has seen a significant decline of 87.09%. 
Meanwhile, Frontier Group Holdings Inc. closed at $6.72 on Tuesday, down 2.75%. After hours, the stock dipped 0.45%. Year-to-date, Frontier Group has experienced an increase of 26.55%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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<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 Wikimedia Commons
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>

Equities

Markets

JBLU

SAVE

ULCC

Spirit Airlines Stock Jumps Over 16% In After-Hours Trading Amid Frontier's Renewed Merger Interest: Report

Influential economist Peter Schiff predicted a crash for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) development company MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), terming it the most overvalued stock in the MSCI World Index.
What Happened: In an X post on Tuesday, Schiff wrote, &#8220;$MSTR has got to be the most overvalued stock in the MSCI World Index. When it finally crashes, that&#8217;s gonna be the real bloodbath!&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> has got to be the most overvalued stock in the MSCI World Index. When it finally crashes, that&#39;s gonna be the real bloodbath!
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1848725505870070054?ref_src=twsrc%5Etfw">October 22, 2024</a></blockquote>
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The MSCI World is a widely watched global stock market index that tracks the performance of about 1500 large and mid-cap companies from 23 developed nations. Added to the index earlier in March, MicroStrategy stock has a <a href="https://www.msci.com/constituents">weightage </a>of 0.039380% as of June 3, 2024 data.
The MSCI World Index gained nearly 24% in 2023, and so far in 2024, it has returned an average of 18.86%. The MicroStrategy stock has surged 220.64% year-to-date.
The stock&#8217;s Relative Strength Index, or <a href="https://in.tradingview.com/chart/XlzxagWe/?symbol=NASDAQ%3AMSTR">RSI</a>, was just above 70 as of this writing, as per Trading View, suggesting overvaluation. Interestingly, Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>), which is also part of the index, had a higher RSI of 76.13.
See Also: <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">Donald Trump&#8217;s Election Odds Surge To 64% On Polymarket, 60% On Kalshi And Favorite In All Swing States</a>
This prediction comes in the wake of Schiff&#8217;s earlier suggestion to MicroStrategy&#8217;s founder, Michael Saylor, to purchase the large quantity of Bitcoin that the U.S. government planned to sell. Schiff&#8217;s recommendation was made in jest, following the U.S. government&#8217;s decision to liquidate 69,370 BTC it had seized from the dark web marketplace, Silk Road.
Why It Matters: Schiff is well-known to be critical of all things Bitcoin, and MicroStrategy, which sits on huge stashes of the cryptocurrency, is no exception. 
Earlier this month, Schiff encouraged Michael Saylor, MicroStrategy&#8217;s founder,<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41243108/peter-schiff-encourages-microstrategy-founder-micheal-saylor-to-borrow-another-4-3b-to-buy"> to borrow billions to buy the seized Bitcoin that</a> the U.S. government would potentially sell, in what was a veiled jibe at the company&#8217;s Bitcoin strategy.
He has previously questioned the&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/40003571/peter-schiff-confronts-donald-trump-and-michael-saylors-never-sell-your-bitcoin-strategy-w" target="_blank" rel="noreferrer noopener">‘never sell your Bitcoin' strategy</a>&nbsp;advocated by Saylor, also backed by presidential hopeful&nbsp;Donald Trump&nbsp;on the campaign trail.
Price Action: At the time of writing, Bitcoin was exchanging hands at $67,078.87, down 0.51% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;Shares of MicroStrategy closed 0.30% higher at $219.70 during Tuesday&#8217;s regular trading session.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41410605/if-you-invested-100-in-dogecoin-when-elon-musk-first-tweeted-about-the-meme-crypto-heres-h?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">There Has Never Been A More Pro-Crypto Congress Than The Next One: Here&#8217;s Why</a></li>
</ul>

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

Cryptocurrency

$BTC

MSTR

Peter Schiff Predicts A 'Bloodbath' For MicroStrategy Stock, Calls It The Most Overvalued On MSCI World Index

On Tuesday, Cathie Wood&#8217;s Ark Invest made significant trades, with a notable sell-off in Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>).
The Robinhood Trade
Ark Invest sold a total of 210,483 shares of Robinhood from its ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), marking a significant reduction in its holdings of the stock. The value of this trade, based on Robinhood&#8217;s closing price of $27.41 on Tuesday, is approximately $5.8 million. This move comes amidst a backdrop of changing analyst forecasts for Robinhood, with some <a href="https://www.benzinga.com/news/24/10/41429669/robinhood-to-rally-around-12-here-are-10-top-analyst-forecasts-for-monday">predicting a potential rally</a> of around 12% for the stock.
However, this isn&#8217;t the first time that Ark Invest has reduced its stake in Robinhood. Earlier in the week, Cathie Wood had already trimmed Ark&#8217;s holdings in the company, <a href="https://www.benzinga.com/content/41415804/cathie-wood-cuts-robinhood-holdings-follow-her-lead-or-stay-put">sparking discussions</a> among investors about whether to follow her lead or stay put. As Benzinga noted, the reasons behind selling a stock can be varied and often more nuanced than market reactions might suggest.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41422633/investors-lost-over-95-of-their-wealth-in-this-nvidia-linked-etf-while-jensen-huang-led-chip-gia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Investors Lost Over 95% Of Their Wealth In This Nvidia-Linked ETF While Jensen Huang-Led Chip Giant Gained 220% In The Past Year: Here&#8217;s More</a> 
Other Key Trades:
<ul>
<li>Ark Invest sold 34,392 shares of Moderna Inc (MRNA) from its ARKG fund. The firm bought shares of Tempus AI Inc (TEM) for its ARKG fund and ARKK fund.</li>
<li>Ark purchased 7,609 shares of CRISPR Therapeutics AG (CRSP) for its ARKG fund and also for its ARKK fund. The investment manager also added shares of Cerus Corp (CERS) to its ARKG fund and ARKK funds.</li>
</ul>
Read Next: 
<ul>
<li><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></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>

ETFs

ARKK

ARKW

HOOD

Cathie Wood-Led Ark Dumps $5.8M Worth Of Robinhood Shares Amid Forecasts Of A Potential Rally From Analysts

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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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.

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.
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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>
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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
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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>

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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.
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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/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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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>

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

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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.
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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.
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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;
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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. 
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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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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>) .

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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.

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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;).

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