Benzinga

Search documents
Amazon Shares Up 1.3% After Key Trading Signal
Benzinga· 2025-07-18 20:44
AMZN climbs rest of session after reversalAmazon.com Inc. AMZN today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. Today, at 10:35 AM on July 18th, a significant trading signal occurred for Amazon.com Inc., (AMZN) as it demonstrated a Power Inflow at a price of $223.48. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. ...
Stock Of The Day: PepsiCo's Former Floor Becomes Ceiling—Sellers Lining Up
Benzinga· 2025-07-18 20:38
Core Viewpoint - PepsiCo, Inc. shares experienced a decline after a significant gain driven by an earnings surprise, indicating potential downward movement due to overbought conditions and resistance levels [1][6]. Group 1: Earnings Performance - Second-quarter earnings for PepsiCo were reported at $2.12, surpassing the estimated $2.02 [1]. Group 2: Price Levels and Market Psychology - The stock has encountered a significant resistance level at $144.50, which previously served as a support level in March before becoming resistance in April [3][4]. - Investor psychology plays a crucial role, as those who bought at the support level may have regretted their decision when the price fell, leading to sell orders when the stock returned to the resistance level [5][6]. Group 3: Market Conditions - The stock is currently considered overbought, with its price two standard deviations above the 20-day moving average, which typically attracts sellers anticipating a price correction [6][7]. - Stocks that are overbought and at resistance levels often reverse and enter downtrends, suggesting a potential decline for PepsiCo [7].
Bill Ackman Nixes Netflix In 2022: Here's How Much He Could Have Made
Benzinga· 2025-07-18 18:48
Netflix Inc NFLX stock is down Friday after the company beat analyst estimates for the second quarter. Investors see the beat as lower than expected, and higher costs in the second half could be scaring some away.The streamer is trading near all-time highs. Patient investors earned strong returns over the years — 146% over the last five years. One investor who may not have been patient enough was Bill Ackman.Ackman Buys Netflix: Pershing Square Capital, Ackman’s hedge fund, acquired 3.1 million shares in Ne ...
United Airlines' Premium Focus And Cost Discipline Set Stage For Q4 Recovery
Benzinga· 2025-07-18 18:40
Core Viewpoint - United Airlines Holdings, Inc. is focusing on premium travel, operational efficiency, and global expansion, leading to positive financial projections and a raised price forecast by Bank of America Securities analyst Andrew G. Didora from $90 to $108 [1][5]. Financial Performance - The airline reported second-quarter adjusted earnings of $3.87 per share, surpassing analyst estimates of $3.77 per share [1]. - The full-year 2025 EPS estimate has been increased to $10.50 from $10.00, and the 2026 EPS is raised to $12.40 from $11.41, indicating nearly 20% year-over-year growth [5]. Revenue and Demand Trends - United Airlines' emphasis on premium travel, international routes, and loyalty programs is contributing to industry-leading margins [2]. - There are signs of domestic demand recovery in early July, with unit revenue performance expected to rebound, nearing flat in Q4 2025 after a 4% decline in Q2 [2]. Cost Management - Cost trends are improving, with second-half unit cost growth projected to be around 2.5%, lower than the previously estimated range of 3.5%-4.0% [3]. - Despite potential cost headwinds from a new flight attendant contract, the outlook for unit costs remains positive, with expected growth of about 2.5% into 2026 [4]. Earnings Projections - The third quarter 2025 EPS is now projected at $2.70, at the higher end of the guided range of $2.25–$2.75 [4].
Viatris Hits Snag In Eye Drug Study—Phase 3 Plans Under Review
Benzinga· 2025-07-18 18:17
Core Insights - Viatris Inc. announced topline data from a Phase 3 study of pimecrolimus 0.3% ophthalmic ointment for blepharitis, a common eye condition characterized by eyelid inflammation [1] - The trial did not meet its primary endpoint of complete resolution of debris after six weeks of treatment [2] - The company is evaluating next steps for the Phase 3 program, which may include revising the planned additional Phase 3 study [3] Product Development - Viatris is focused on delivering novel therapies such as Tyrvaya and Ryzumvi while progressing a differentiated pipeline [3] - In June, Viatris and Opus Genetics announced topline results from the VEGA-3 trial evaluating MR-141 for presbyopia treatment [4] - MR-141 showed that more patients achieved significant visual acuity gains compared to placebo at various time points [5][6] Market Performance - Viatris shares have an average 1-year price target of $10, indicating an expected upside of 11.86% [7] - At the time of publication, Viatris shares were down 3.94% at $8.90 [7]
Lay's, Tostitos Comeback Set To Ignite Q4, But Can PepsiCo Fend Off Q3 Earnings Dip?
Benzinga· 2025-07-18 18:12
PepsiCo, Inc. PEP is making bold operational shifts across its global portfolio as it navigates shifting demand patterns and prepares for key product relaunches.These moves come as the company looks to balance short-term pressures with long-term growth, especially in its North American and international markets.Bank of America Securities analyst Peter T. Galbo reiterated the Neutral rating on PepsiCo, raising the price forecast from $145 to $150.Also Read: PepsiCo’s $2 Billion Healthy Snacks Portfolio Thriv ...
Lucid Scores Big With Uber Deal--But For Uber, It's Just Another Ride
Benzinga· 2025-07-18 18:02
Group 1: Core Deal Insights - Uber Technologies, Inc. has made a multi-billion dollar investment in Lucid Motors Group, Inc. to deploy over 20,000 Lucid robotaxis on its ride-hailing platform over the next six years, starting in a major U.S. city next year [1] - The partnership is seen as a significant growth opportunity for Lucid, which sold about 10,000 EVs last year, helping to validate its position in the electric vehicle sector [3] - The deal is part of Uber's broader strategy of leveraging partnerships across the autonomous vehicle landscape rather than developing self-driving technology independently [4] Group 2: Strategic Implications - The partnership is influenced by the Saudi Arabia Public Investment Fund (PIF), which holds significant stakes in both Uber and Lucid, suggesting that cross-ownership may have facilitated the deal [5] - The economic viability of the venture is questioned, particularly regarding the profitability of rides in high-cost vehicles like Lucid's Gravity SUV, which starts at $95,000 [6][7] - The announcement is viewed as a "breakout moment" for autonomous vehicles, indicating increased competition and innovation in the sector, although the sustainability of the business model remains uncertain [8]
Corn Crash Or Sugar Rush? ETFs React To Trump's Sweet Talk On Coca-Cola
Benzinga· 2025-07-18 17:52
A seemingly offhand comment by President Donald Trump may have caused more than political rumination; it’s now causing turmoil in commodity markets, with impacts for ETF investors.On Wednesday, Trump said Coca-Cola Co KO was considering making the move from high-fructose corn syrup (HFCS) to cane sugar for its U.S. drinks. Although the soft drink giant hasn’t made any announcement, the statement was sufficient to cause shares of corn refiners Archer-Daniels-Midland Co ADM and Ingredion Inc INGR to decline i ...
Roku Set For Q2 Spotlight As Ad Resilience, Frndly Boost, Amazon Deal Fuel Investor Optimism
Benzinga· 2025-07-18 17:30
Connected TV is poised to become one of the fastest-growing advertising channels in the coming years, with Roku, Inc. ROKU well-positioned to benefit from the ongoing shift in ad spending from traditional linear TV to streaming platforms.Against this backdrop, Roku's recent momentum and strategic positioning have prompted optimism ahead of its upcoming second-quarter earnings release on Thursday, July 31.JPMorgan analyst Cory A Carpenter reiterated the Overweight rating on Roku, raising the price forecast f ...
Why Is MEI Pharma Stock Soaring On Friday?
Benzinga· 2025-07-18 17:22
MEI Pharma, Inc. MEIP stock is trading higher on Friday, with a session volume of 35.64 million compared to the average volume of 29.8K, as per data from Benzinga Pro.The company on Friday entered into a private investment in public equity (PIPE) for the purchase and sale of 29.2 million shares $3.42 per share, for expected aggregate gross proceeds of approximately $100 million.In connection with the closing of the transaction, MEI will appoint Charlie Lee to its board of directors. Current member Taheer Da ...