Amplify CWP International Enhanced Dividend Income ETF (ARCA: IDVO)

Latest news for Amplify CWP International Enhanced Dividend Income ETF (ARCA:IDVO)

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The Fund invests at least 80 Percent of its net assets (plus borrowings for investment purposes) in dividend-paying U.S. exchange-traded American depositary receipt (ADR) securities (Equity Securities) that are organized or located outside of the United States and will opportunistically utilize an option strategy consisting of writing (selling) U.S. exchange-traded covered call option contracts on such Equity Securities.

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토요타 자동차(NYSE:TM)는 유럽 연합을 포함하여 62개 국가 및 지역들에서 준수하는 주요 규정 세트인 UN 표준과도 충돌하는 차량 인증에 불일치가 있는 것으로 밝혀졌다. 블룸버그에 따르면 이러한 조사 결과는 잠재적으로 일본을 넘어 토요타의 운영에 영향을 미칠 수 있으며, 다른 관할권의 규제 기관들도 이 자동차 제조업체에 대해 유사한 조치를 취할 수 있으므로 전 세계적으로 토요타의 운영에 영향을 미칠 수 있다고 한다.

토요타의 차량 인증 위기는 일본을 넘어 유럽 연합에서도 영향을 미칠 가능성 대두

Amplify CWP International Enhanced Dividend Income ETF

JP Morgan analyst Jimmy Bhullar maintains Marsh &amp; McLennan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMC#NYSE">MMC</a>) with a Neutral and raises the price target from $210 to $230.

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JP Morgan Maintains Neutral on Marsh & McLennan, Raises Price Target to $230

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JP Morgan analyst Jimmy Bhullar maintains Travelers Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) with a Underweight and raises the price target from $220 to $242.

JP Morgan Maintains Underweight on Travelers Companies, Raises Price Target to $242

Bitcoin&nbsp;(CRYPTO:&nbsp;<a href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks including&nbsp;Marathon Digital Holdings&nbsp;Inc&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>), CleanSpark&nbsp;Inc&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) and Riot Platforms&nbsp;Inc&nbsp;(NASDAQ:&nbsp;<a href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>)&nbsp;are rising Thursday as bitcoin bounces off recent lows. Here's a look at&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39719085/bitcoin-could-hit-100k-in-2024-says-bitwise-cio-matt-hougan">what&nbsp;you need to know</a>.&nbsp;
What To Know:&nbsp;Bitcoin is up about 0.35% over the last 24 hours and has risen approximately 1.56% over the past week. The bounce back Thursday appears to be driving strength in crypto-related stocks.
Bitcoin has been stuck in a downtrend for the better part of the last month, but prices have started to stabilize in July as spot bitcoin ETFs see positive flows.
Bitcoin ETFs had net inflows of <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39688975/what-dip-bitcoin-etfs-shake-off-dumb-money-label-with-300m-inflows">nearly $300 million</a> on Monday&nbsp;and followed that up with&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39688975/what-dip-bitcoin-etfs-shake-off-dumb-money-label-with-300m-inflows">$216 million in net inflows</a> on Tuesday.
Professional Capital Management&nbsp;CEO&nbsp;Anthony Pompliano&nbsp;said in a CNBC interview this week that a lot of the net inflows into spot bitcoin ETFs over the first half of the year were actually from retail investors. He expects more institutional money to begin flowing into ETFs in the second half of the year, which could drive prices higher, he <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39717014/is-a-donald-trump-presidency-the-next-big-catalyst-for-bitcoin">said</a>. 
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39717579/bitcoin-should-close-a-monthly-candle-above-73-000-to-invalidate-sell-signal-says-trader">Bitcoin Should &#8216;Close A Monthly Candle Above $73,000&#8217; To Invalidate Sell Signal, Says Trader</a>
Marathon Digital engages in mining digital assets and focuses on the bitcoin ecosystem. The stock was up 2.59% at $19.38 at publication time. 
CleanSpark&nbsp;is an energy&nbsp;company that transitioned its expertise to focus on bitcoin mining in 2020. CleanSpark shares were up 3.16% at $15.66 Thursday morning.
Riot Blockchain is focused on building, supporting and operating&nbsp;<a href="https://www.benzinga.com/topic/blockchain" target="_blank" rel="noreferrer noopener">blockchain technologies</a>. Shares were up 5.29% at $9.62&nbsp;at the time of publication. 
$BTC Price Action: Bitcoin was hovering around $57,750 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. 
Read Next: 
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<li><a href="https://www.benzinga.com/24/07/39730197/bitcoin-development-company-microstrategy-announces-10-for-1-stock-split">&#8216;Bitcoin Development Company&#8217; MicroStrategy Announces 10-For-1 Stock Split</a></li>
</ul>
This illustration was generated using artificial intelligence via Midjourney.

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Bitcoin Mining Stocks Marathon Digital, CleanSpark And Riot Platforms Are Rising: What's Going On?

PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) shares are trading higher after the company reported third-quarter FY24 revenue growth of&nbsp;12.1% Y/Y to&nbsp;$1.23&nbsp;billion, beating<a target="_blank" href="https://www.benzinga.com/pressreleases/24/07/n39717674/pricesmart-announces-fiscal-2024-third-quarter-operating-results" rel="noreferrer noopener"> the consensus of $1.21 billion</a>.
Net merchandise sales grew 11.6% to $1.19 billion in the quarter, and on a constant currency basis, sales increased by 9.1% Y/Y.
Comparable net merchandise sales for the 50 warehouse clubs open for more than 13 ½ calendar months increased&nbsp;7.8%&nbsp;for the 13 weeks ended June&nbsp;2, 2024.
Operating income rose to $49.9 million from $43.1 million in the prior year quarter. Adjusted EBITDA stood at $71.0 million vs. $63.9 million in the same period last year.
Adjusted&nbsp;EPS of $1.08, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">exceeding the consensus of $1.01</a>.
As of May-end, the company had 54 warehouse clubs in operation vs 51 the prior year. The company held cash and equivalents of $231 million.
Investors can gain exposure to the stock via Invesco S&amp;P SmallCap Consumer Staples ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSCC#NASDAQ">PSCC</a>).
<h2 class="wp-block-heading">PSMT Stock Prediction For 2024</h2>
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.
Pricesmart&#8217;s revenue has grown at an average rate of 9.71% annually over the past 5 years. The average 1-year price target from analysts is $90.0, representing an expected 14.37% 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 Pricesmart have seen an annualized return of -3.19%, underperforming the S&amp;P500 index by 11.91%. This compares to 6.17% growth in the overall Consumer Staples sector. Pricesmart has a beta of 1.04.
Price Action: PSMT shares are up 1.25% at $79.28 at the last check Thursday.

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PriceSmart Packs A Punch: Q3 Earnings Soar Past Estimates with Solid Sales Growth

JP Morgan analyst Jimmy Bhullar maintains Ryan Specialty Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYAN#NYSE">RYAN</a>) with a Underweight and raises the price target from $49 to $54.

RYAN

JP Morgan Maintains Underweight on Ryan Specialty Hldgs, Raises Price Target to $54

VeeCon will bring the best of business, pop culture and Web3 in a multi-day conference hosted by serial entrepreneur and VeeFriends founder Gary Vaynerchuk (aka Gary Vee) for a <a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34975187/veecon-2024-host-city-selected-after-minnesota-indiana-heres-the-next-location-for-gary-ve">third straight year.</a>
Here's the latest on the event, including the newly announced speakers added to the star-studded lineup.
New Speakers: For VeeCon 2024, <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/39076022/veecon-2024-speakers-announced-x-ceo-linda-yaccarino-content-creator-khaby-lame-gary-vee-a">the speakers and topics </a>are said to focus on five core themes: business, marketing, technology, innovation and popular culture.
Those topics are evident with the latest announced <a href="https://veecon.co/veecon-speakers-2024">speakers </a>listed below.
<ul>
<li>Adam Richman: TV Host</li>
<li>Ali Sabet: Artist</li>
<li>Amber Venz Box: Internet Personality, Co-founder LTK</li>
<li>Anwar Carrots: Founder Carrots by Anwar Carrots</li>
<li>Chris Denson: Founder Visionology</li>
<li>Codie Sanchez: Founder, CEO Contrarian Thinking</li>
<li>Danica Patrick: Former Racecar Driver</li>
<li>Destorm Power: Actor, Director, Musician, Comedian</li>
<li>Emily Whittaker: EVP North America and Global Marketing VistaPrint</li>
<li>Jerome Bettis: Former NFL Player, NFL Hall of Famer</li>
<li>Keith Ferazzi: Founder, Chairman Ferazzi Greenlight</li>
<li>Michael Jerome: Host, Personality, Creator</li>
<li>Mike Cessario: Founder, CEO Liquid Death</li>
<li>Mike Posner: Musician</li>
<li>Paul Scheer: Actor, Comedian</li>
<li>Peiman Raf: CEO, Co-founder Madhappy</li>
<li>Resh Sidu: Global Director Arcadia Creative Studio, Snapchat (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>)</li>
<li>Roberto Nickson: Founder Nickson Labs</li>
<li>Shira Lazar: TV Host, Interviewer</li>
<li>Steve Kaczynski: Author</li>
<li>Terry Tomonga: Founder, Co-founder 8ships &amp; Sakazuki</li>
<li>Valeria Lipovetsky: Content Creator, Founder Valeria Inc</li>
</ul>
The new batch of speakers joins previously announced names such as Howie Mandel, Ashley Graham, Clix and X CEO Linda Yaccarino.
VeeCon 2024 features executives and business leaders from several publicly traded companies including iHeartMedia Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IHRT#NASDAQ">IHRT</a>), &nbsp;Sanofi SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>), PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), H&amp;R Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRB#NYSE">HRB</a>), Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Yum! Brands Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>), DoorDash Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DASH#NASDAQ">DASH</a>), and McDonald's Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>).
&#8220;I am thrilled to bring an incredible lineup of trailblazers and industry icons to Los Angeles for this year&#8217;s VeeCon,&#8221; Vee previously said.
In addition, award-winning musician T-Pain was recently announced as the headline performer. T-Pain will perform on Sunday, August 11 from 7:30 p.m. to 9 p.m. PT.
Read Also: <a href="https://www.benzinga.com/news/24/03/37635061/liquid-death-drinks-in-new-funding-at-1-4b-valuation-investor-anthony-pompliano-calls-putting-water">Liquid Death Drinks In New Funding At $1.4B Valuation: Investor Anthony Pompliano Calls &#8216;Putting Water In A Can&#8217; One Of His &#8216;Best Investments&#8217;</a>
VeeCon 2024: After hosting VeeCon in the Midwest cities of Minneapolis and Indianapolis, VeeCon 2024 heads west to California.
VeeCon 2024 will be held in Los Angeles, California, at the L.A. Live Entertainment District, Aug. 9 – Aug. 11.
The event will be hosted by Vee and VeeFriends, the NFT collection and entertainment brand founded by Vee.
&#8220;With its world-class venues and accessibility, Los Angeles offers a dynamic environment for attendees to engage and connect with each other,&#8221; Vee said previously of the host city. &#8220;We&#8217;re incredibly excited to bring a one-of-a-kind experience to the city of L.A. and VeeCon attendees in 2024.&#8221;
Vee has previously said he was influenced by South by Southwest and smaller business conferences. The entrepreneur calls VeeCon a business conference layered with a lot of pop culture. Vee told Benzinga previously to think of&nbsp;VeeCon as &#8220;Young Davos meets SXSW.&#8221;
VeeCon Tickets:&nbsp;VeeCon 2024&nbsp;<a href="https://veecon.co/tickets" target="_blank" rel="noreferrer noopener">tickets&nbsp;</a>are now available with holders of VeeFriends Series 1 able to get free tickets to the event, with VeeCon being the first NFT-ticketed super conference. VeeFriends Series 1&nbsp;<a href="https://opensea.io/collection/veefriends" target="_blank" rel="noreferrer noopener">NFTs&nbsp;</a>have a current floor price of 0.68&nbsp;Ethereum&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), or around $2,159.
For 2024, VeeCon is partnering with Layer-2 network&nbsp;Base&nbsp;by&nbsp;Coinbase Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>)&nbsp;to help streamline the ticketing experience.
VeeCon is also offering free personalized help for tickets with the VeeConcierge service.
Looking Back At VeeCon 2023:&nbsp;Benzinga attended VeeCon 2022 and&nbsp;<a href="https://www.youtube.com/watch?v=0k8IQH-609c&amp;t=740s" target="_blank" rel="noreferrer noopener">VeeCon 2023</a>&nbsp;and was able to share videos and articles from many of the top speakers at the event.
Check out some of our coverage from VeeCon 2023 below:
<a href="https://www.benzinga.com/general/entertainment/23/05/32538514/veecon-2023-jessica-albas-journey-with-the-honest-company-and-entrepreneurial-wisdom-im-jus" target="_blank" rel="noreferrer noopener">Jessica Alba</a> <a href="https://www.benzinga.com/news/23/05/32509690/tim-tebow-channels-hamilton-at-veecon-2023-how-do-you-write-like-youre-running-out-of-time" target="_blank" rel="noreferrer noopener">Tim Tebow</a>
<a href="https://www.benzinga.com/news/23/05/32496841/bar-rescue-star-jon-taffer-reveals-common-denominator-for-failure-at-veecon-2023" target="_blank" rel="noreferrer noopener">Jon Taffer</a>
<a href="https://www.benzinga.com/general/entertainment/23/05/32499016/neil-patrick-harris-suits-up-at-veecon-following-the-fire-embracing-failure-and-getting-wha" target="_blank" rel="noreferrer noopener">Neil Patrick Harris</a>
<a href="https://www.benzinga.com/general/entertainment/23/05/32498033/veecon-2023-drew-barrymore-on-the-catalyst-that-led-her-to-start-new-businesses-like-beauti" target="_blank" rel="noreferrer noopener">Drew Barrymore</a>
<a href="https://www.benzinga.com/general/entertainment/23/05/32499542/veecon-2023-daymond-john-on-how-he-landed-a-role-on-shark-tank-and-how-to-think-about-busin" target="_blank" rel="noreferrer noopener">Daymond John</a>
<a href="https://www.benzinga.com/markets/cryptocurrency/23/05/32494012/matt-higgins-on-stage-at-veecon-2023-how-to-think-about-ai-win-long-term" target="_blank" rel="noreferrer noopener">Matt Higgins</a>
Watch Benzinga's exclusive interview with Gary Vee from VeeCon 2023 below:
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Gary Vee: The Future Of VeeFriends, Accountability, &amp; NFL Jets Prediction!" width="500" height="281" src="https://www.youtube.com/embed/VLmr6neye0M?start=4&#038;feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/23/05/32509690/tim-tebow-channels-hamilton-at-veecon-2023-how-do-you-write-like-youre-running-out-of-time">Tim Tebow Channels &#8216;Hamilton&#8217; At VeeCon 2023: &#8216;How Do You Write Like You&#8217;re Running Out Of Time&#8217;</a></li>
</ul>
Photo courtesy of VeeCon

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EXCLUSIVE: VeeCon 2024 Announces Danica Patrick, Jerome Bettis, Paul Scheer, Mike Posner, Liquid Death CEO Mike Cessario As New Speakers

Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) has outperformed the market over the past 20 years by 1.23% on an annualized basis producing an average annual return of 9.62%. Currently, Starbucks has a market capitalization of $82.51 billion. 
Buying $100 In SBUX: If an investor had bought $100 of SBUX stock 20 years ago, it would be worth $625.64 today based on a price of $72.84 for SBUX at the time of writing.
<h3>Starbucks's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720711835_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SBUX

$100 Invested In Starbucks 20 Years Ago Would Be Worth This Much Today

Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) has outperformed the market over the past 5 years by 22.62% on an annualized basis producing an average annual return of 35.9%. Currently, Freeport-McMoRan has a market capitalization of $74.04 billion. 
Buying $1000 In FCX: If an investor had bought $1000 of FCX stock 5 years ago, it would be worth $4,626.57 today based on a price of $51.54 for FCX at the time of writing.
<h3>Freeport-McMoRan's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720711830_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much You Would Have Made Owning Freeport-McMoRan Stock In The Last 5 Years

Amphenol's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) short percent of float has risen 4.41% since its last report. The company recently reported that it has 14.86 million shares sold short, which is 1.42% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.57 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Amphenol Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720711822_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Amphenol has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Amphenol's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Amphenol's peer group average for short interest as a percentage of float is 4.22%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Peering Into Amphenol's Recent Short Interest

Zscaler's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZS#NYSE">ZS</a>) short percent of float has fallen 4.97% since its last report. The company recently reported that it has 4.82 million shares sold short, which is 5.16% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.11 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Zscaler Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720711817_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Zscaler has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Zscaler's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Zscaler's peer group average for short interest as a percentage of float is 5.27%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Zscaler's Recent Short Interest

Las Vegas Sands's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) short percent of float has risen 29.04% since its last report. The company recently reported that it has 13.99 million shares sold short, which is 3.51% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.39 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Las Vegas Sands Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1720711812_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Las Vegas Sands has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Las Vegas Sands's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Las Vegas Sands's peer group average for short interest as a percentage of float is 4.95%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Peering Into Las Vegas Sands's Recent Short Interest

JP Morgan analyst Jimmy Bhullar maintains Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) with a Overweight and raises the price target from $210 to $239.

JP Morgan Maintains Overweight on Progressive, Raises Price Target to $239

By UOB-Kay Hian
PDD Holdings Inc.&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pdd#NASDAQ">PDD</a>) has made significant strides expanding overseas through its Temu low-cost shopping app. Most recently it set up a website in Brazil, which will become its bulkhead in South America. Temu&rsquo;s establishment of networks in Asia, Europe, North America, South America, Africa and Australia come as it faces growing competition, as well as regulatory challenges in Europe and Southeast Asia.
Temu&rsquo;s Brazilian website came online on June 6, marking an important milestone in its expansion into South America, and representing its 70th website for a national market. This follows its move last May into Mexico where it quickly asserted itself to become the most popular e-commerce app in terms of monthly active users (MAU). It had 19 million users by the end of this May, more than the 15.3 million for&nbsp;MercadoLibre&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meli#NASDAQ">MELI</a>) and 4.8 million for&nbsp;Amazon&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amzn#NASDAQ">AMZN</a>).
The Brazilian website touts generous discounts and free delivery on its homepage. For every 160 reals ($29.60) in purchases, consumers get a discount of 16 reals. If the purchase reaches 240 reals, the discount rises to 60 reals. Temu was already revving up to enter Brazil in mid-May and got the regulatory green light. Under the government&rsquo;s tax incentive policy, imports worth less than $50 are exempt from tariffs.
Why is Temu so eager to enter more overseas markets? The biggest factor is regulatory updates that are on the way. The EU plans to levy tariffs on low-priced goods sold into the single market by Chinese online retailers, including Temu, Shein and AliExpress. Later this month the European Commission will propose scrapping the current 150 euro ($162) duty-free threshold. That move was part of a customs reform package introduced last May, with adoption likely to be expedited to stem the recent flow of cheap imported goods.
Temu is also running into regulatory hurdles in Indonesia, where its model of facilitating the sale of goods directly from manufacturers to consumers violates a law requiring e-commerce companies to sell through local &ldquo;intermediaries&rdquo; or &ldquo;distributors.&rdquo; That lack of regulatory compliance is likely to hold back its expansion in Southeast Asia.
<h3>Taking On Amazon</h3>
Temu is winning over more and more consumers through its low prices. It&rsquo;s even posing a challenge to U.S. giant Amazon. Less than two years after launching its U.S. operation, Temu has already captured more repeat customers than&nbsp;eBay&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ebay#NASDAQ">EBAY</a>). A survey in April showed 34% of respondents shopped at least once a month on Temu, more than the 29% for eBay. That said, Amazon is still the undisputed market leader, with 75% of respondents shopping there at least once a month.
PDD is expected to continue growing its market share globally with its strategy of &ldquo;offering good value to consumers for their money.&rdquo; We estimate that the company&rsquo;s gross merchandise value (GMV) can grow 21% year-on-year this year to 4.6 trillion yuan ($632 billion). Thus, we maintain a &ldquo;buy&rdquo; rating for the stock, with a 12-month target price of $200, representing 45% upside to the current price, based on our projected a price-to-earnings (P/E) ratio of around 21.3 times in 2024. The main catalysts include an acceleration of its overseas expansion, accelerating frequency of purchases by consumers, strong acceptance of its products, as well as robust sales for its online groceries and agro-food products.
Given Temu&rsquo;s positive growth prospects, supported by its overseas expansion, we remain bullish on PDD.
This commentary is the views of the writer and does not necessarily reflect the views of Bamboo Works
This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

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토요타 자동차(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>)는 유럽 연합을 포함하여 62개 국가 및 지역들에서 준수하는 주요 규정 세트인 UN 표준과도 충돌하는 차량 인증에 불일치가 있는 것으로 밝혀졌다.
<a href="https://www.bloomberg.com/news/articles/2024-06-11/toyota-s-faulty-certifications-also-breach-un-rules-yomiuri?srnd=industries-v2&amp;sref=TBDibEcD">블룸버그</a>에 따르면 이러한 조사 결과는 잠재적으로 일본을 넘어 토요타의 운영에 영향을 미칠 수 있으며, 다른 관할권의 규제 기관들도 이 자동차 제조업체에 대해 유사한 조치를 취할 수 있으므로 전 세계적으로 토요타의 운영에 영향을 미칠 수 있다고 한다.
이달 초 일본 <a href="https://www.benzinga.com/markets/asia/24/06/39244543/toyotas-market-value-plunges-over-15b-amid-test-falsification-scandal-mazda-honda-suzuki-follow-suit" target="_blank" rel="noopener">국토교통성</a>은 토요타의 코롤라 필더, 코롤라 악시오, 야리스 크로스 3개 모델을 포함한 6개 모델의 판매 및 배송을 중단하는 과감한 조치를 취했다.
이 조치는 보행자 안전 테스트 중 안전 데이터가 위조된 사실을 발견하고 다른 여러 모델의 충돌 테스트에서 비표준 차량이 사용된 사실을 밝혀낸 내부 조사에 따른 것이다.
토요타의 회장인 토요다 아키오는 이번 테스트가 일본 규정보다 더 엄격한 조건에서 실시돼 차량의 안전한 운전을 보장한다고 밝히며 위기에 대응했다.
그러나 그는 인증 과정에서 상당한 실수가 있음을 인정하고 감독에 대해 사과했다.
토요타는 지난 6월 3일 기자간담회에서 &#8220;우리는 인증 절차를 무시하고 필요한 예방 조치를 취하지 않고 자동차를 대량 생산했다&#8221;고 말했다.
세계 최대 규모의 자동차 제조업체인 토요타는 이 문제가 연간 약 130,000대의 차량을 생산하는 두 개의 생산 라인에 영향을 미칠 것이라고 발표했다.
이는 이 회사가 다음 주 연례 주주 총회를 준비하는 중요한 시점에 나왔다. 2023년에 토요타는 전 세계적으로 1,100만 대 이상의 승용차를 제조 및 판매했다.
토요타 주식은 지난 12개월 동안 36% 상승했다. 투자자들은 Amplify CWP International Enhanced Dividend Income ETF(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDVO#NYSE">IDVO</a>) 및 Altrius Global Dividend ETF(NASDAQ:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/divd" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for DIVD">DIVD</a>)를 통해 이 주식에 노출될 수 있다.
주가 움직임: 화요일 뉴욕에 상장된 토요타의 주식은 1.3% 하락한 205.31달러에 마감했다. 수요일 토쿄 시간 오전 10:42에 토요타의 일본 주식은 1.63% 하락한 3,201엔에 거래되었다.
면책 조항: AI 도구의 지원을 받아 일부 내용이 작성되었으며, Benzinga 편집자들이 검토하고 발행했습니다.
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Latest news for Amplify CWP International Enhanced Dividend Income ETF (ARCA:IDVO)

Wednesday, June 12, 2024