MYT Netherlands Parent 주식 (NYSE: MYTE)

에 대한 최신 뉴스 MYT Netherlands Parent (NYSE:MYTE) 주식

MYT Netherlands Parent

MYT Netherlands Parent BV is a luxury e-commerce platform. The company offers luxury fashion wear for men, women, and kids. Also, the company sells shoes, bags, and accessories. The company operates in two segments which include the online segment and Retail store segments in which the majority of its revenue is generated from the Online segment.

MYT Netherlands Parent B.V. American Depositary Shares, each representing one Ordinary Share

MYT Netherlands Parent BV

TELEKOM MALAYSIAN by Telekom Malaysia Berhad

Telekom Malaysia Bhd

Some analysts think the market can't be timed. They think that it follows a &#8220;random walk.&#8221; These analysts are wrong.
Successful traders can identify important price levels. They know when a stock reaches one of them, there is a good chance the trend reverses. That's how they time the market and profit. An example of this can be seen on the chart of Southern Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>). This is why it is our<a href="https://www.benzinga.com/topic/stock-of-the-day"> Stock of the Day.</a>
The $88.50 level has been important for Southern Company since early August. It was resistance then and now it's a support level.
In the stock market, price levels that were once resistance can turn into support levels. It is a common occurrence. There is a reason for this. It isn't &#8220;random,&#8221; it is because of market psychology.
There are traders and investors who thought selling their shares was a good idea when the price traded lower. But some of them thought they made a mistake when the stock broke the resistance and moved higher.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/10/41209505/hurricane-milton-is-floridas-second-storm-in-two-weeks-how-disney-theme-parks-insurance-companie">Hurricane Milton Is Florida&#8217;s Second Storm In Two Weeks: How Disney, Theme Parks, Insurance Companies Could Be Impacted</a>
Many of these remorseful sellers decide to buy their shares back, if they could get them for the same price they sold them at. As a result, when<a href="https://www.benzinga.com/quote/SO"> Southern</a> <a href="https://www.benzinga.com/quote/SO">Company</a> reversed and got back to the level that had been resistance, they placed buy orders.
If there are enough of these buy orders, the level that was resistance can convert into a support level. As you can see on the chart, this was the case with the $88.50 level for Southern Company.
Successful traders know that markets are not random. Market moves are the result of investor and trader psychology. This psychology results in some price levels having more importance than others.
When a stock reaches one of them, savvy traders know there's a good chance the trend reverses. They also know there will be chances for low-risk trading opportunities.
Read Next: • <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">Will Kamala Harris&#8217;s Media Blitz, Including &#8217;60 Minutes&#8217; And &#8216;Call Her Daddy,&#8217; Improve Her 2024 Election Prospects?</a>
Photo: Joshua Choate from Pixabay

Technicals

Trading Ideas

Stock Of The Day: Is Southern Company About To Head North?

The Company has recently undergone a significant transformation, including substantially refreshing its Board and management team, and is focused on continuing to provide industry leading service and executing its strategic plan with a renewed sense of continuous improvement, transparency and accountability.

News

FWRD

Forward Air Says Refreshed Board And Management Team Are Actively Analyzing Business And Strategy To Ensure Company Pursues Best Path Forward To Enhance Shareholder Value

Stronger-than-expected U.S. economic data and surging oil prices are reshaping market expectations for the <a href="https://www.benzinga.com/topic/interest-rates">Federal Reserve&#8217;s November meeting. </a>
Traders, who initially expected an aggressive 50-basis-point rate cut, are now opting on a smaller 25-basis-point move, with odds of a potential pause in the Fed&#8217;s easing cycle surging sharply in recent hours.
Following the 50-basis-point rate cut in September, a hold could be seen as an admission that the Fed may have been significantly wrong about the weakness in the U.S. labor market.
<h1 class="wp-block-heading">A Surprising Economic Upswing</h1>
The U.S. economy continues to defy predictions of a slowdown. 
In September, the U.S. economy added a staggering 254,000 nonfarm payrolls, far exceeding forecasts of 140,000 and the 12-month average of 200,000. The unemployment rate fell unexpectedly to 4.1%, and wage growth accelerated, beating economists' expectations across the board. These factors are making it harder for the Fed to justify additional aggressive cuts in the short term.
Adding fuel to the fire, geopolitical tensions in the Middle East have escalated dramatically. 
The ongoing conflict between Israel and Hezbollah, fueled by Iran&#8217;s missile attacks and the threat of Israeli retaliation, has sent oil prices skyrocketing by over 11% in just five days, with West Texas Intermediate crude breaking through $77 per barrel. 
This surge in energy prices has pushed inflationary pressures higher, pushing traders to contemplate the option of a hold in interest rates.
<h1 class="wp-block-heading">Traders Eye Bets On Fed Holding Rates</h1>
With the economy firing on all cylinders and inflation risks rising, traders have now priced out the probability of a 50-basis-point cut in December, and attention has shifted to whether the Fed will hold rates steady in November.
Market-implied probabilities of a hold have jumped to 14%, up from just 2% on Friday and 0% the previous week, according to the CME FedWatch tool.
<h1 class="wp-block-heading">Market Implied Probabilities For November Federal Reserve Meeting</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Oct. 7, 2024</td>
<td>1 Day Ago (Oct 4, 2024)</td>
<td>1 Week ago (Sept. 30 2024)</td>
</tr>
<tr>
<td>50-basis-point cut</td>
<td>0%</td>
<td>0%</td>
<td>34.7%</td>
</tr>
<tr>
<td>25-basis-point cut</td>
<td>86%</td>
<td>97.4%</td>
<td>65.3%</td>
</tr>
<tr>
<td>No rate cut </td>
<td>14%</td>
<td>2.6%</td>
<td>0%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Data: CME FedWatch as of Oct. 7, 2024 at 3.00 p.m. ET</figcaption></figure>
This shift in expectations pushed 10-year bond yields back above the 4% mark — hardly what investors usually see in a rate-cut environment. On Monday, the U.S. Treasury 10-Year Note ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UTEN#NYSE">UTEN</a>) dropped 0.4%, marking its fourth consecutive negative session.
Bank of America economist Aditya Bhave said, &#8220;The data flow since the Fed&#8217;s 50bp September cut has been remarkably strong. Another 50bp cut isn't warranted.&#8221; He added that the bank now expects the Fed to adopt a more gradual approach, cutting rates by 25 basis points per meeting until March 2025.
&#8220;Right now, a series of more modest 25 basis point cuts would serve to help normalize conditions based on the latest data without getting too aggressive. I'm still concerned that falling rates while the economy is still in good shape runs the risk of another round of inflation,&#8221; said analyst Michael Gayed, CFA.
<h1 class="wp-block-heading">Veteran Investor Outlines 12 Reasons Why The Fed Should Keep Rates On Hold</h1>
Veteran Wall Street investor Ed Yardeni outlined in a post on Monday 12 reasons why the Fed should pause rate cuts in November:
<ol>
<li>The U.S. economy didn't need September's 50bps cut, as proven by the latest employment and PMI data.</li>
<li>Fed officials may regret cutting by 50bps in September and should now hold steady to evaluate further data.</li>
<li>Rising bond yields since the September cut suggest the easing wasn't necessary and could fuel stronger growth.</li>
<li>Further cuts could trigger a stock market &#8220;meltup,&#8221; as valuations are already nearing 1990s levels.</li>
<li>Geopolitical risks in the Middle East have pushed oil prices higher, raising stagflation concerns reminiscent of the 1970s.</li>
<li>Hurricane Helene&#8217;s aftermath could stimulate inflationary pressures due to rebuilding efforts.</li>
<li>The recent dockworkers' pay settlement may increase import costs and fuel wage inflation.</li>
<li>Both U.S. presidential candidates propose fiscal programs that could widen the federal deficit and be inflationary.</li>
<li>China's economic stimulus is driving up global commodity prices, adding to inflationary risks.</li>
<li>Further rate cuts could weaken the dollar, potentially exacerbating inflation.</li>
<li>Core inflation remains above the Fed's 2% target, with "supercore" inflation stuck above 3%.</li>
<li>The real neutral Fed Funds rate could be higher than the Fed estimates, suggesting a nominal neutral rate closer to 4.0%.</li>
</ol>
Read Now:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/10/41213691/fast-and-furious-rally-pushes-chinese-stocks-to-double-s-p-500-performance-year-to-date">&#8216;Fast And Furious Rally&#8217; Pushes Chinese Stocks To Double S&amp;P 500 Performance Year To Date</a></li>
</ul>
The image was created using artificial intelligence.

Analyst Color

Macro Economic Events

Bonds

Specialty ETFs

Econ #s

Economics

Federal Reserve

Analyst Ratings

ETFs

UTEN

November Fed Rate Cut In Jeopardy: 12 Reasons Veteran Trader Expects A Hold As Strong Data, Rising Oil Prices Shuffle The Deck

The Company promptly took steps to shut down the unauthorized access, notified the third party its systems had been compromised, launched an investigation, and implemented counter measures intended to safeguard the Company&rsquo;s information technology assets and operations.
ADT has hired leading third-party cybersecurity experts to assist with the Company&rsquo;s response to the incident, and is working closely with federal law enforcement. The Company is also cooperating closely with its third-party business partner to address the incident.
The Company believes the unauthorized actor exfiltrated certain encrypted internal ADT data associated with employee user accounts during the intrusion.

ADT Says Recently Became Aware Of Unauthorized Activity On Its Network; Says It Does Not Believe Customers' Personal Information Has Been Exfiltrated - Filing

Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) has outperformed the market over the past 10 years by 14.24% on an annualized basis producing an average annual return of 25.94%. Currently, Quanta Services has a market capitalization of $45.31 billion. 
Buying $1000 In PWR: If an investor had bought $1000 of PWR stock 10 years ago, it would be worth $9,840.32 today based on a price of $307.51 for PWR at the time of writing.
<h3>Quanta Services's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728336618_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $9,800 Today

Salesforce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) has outperformed the market over the past 10 years by 6.66% on an annualized basis producing an average annual return of 18.36%. Currently, Salesforce has a market capitalization of $272.05 billion. 
Buying $1000 In CRM: If an investor had bought $1000 of CRM stock 10 years ago, it would be worth $5,346.05 today based on a price of $284.57 for CRM at the time of writing.
<h3>Salesforce's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728336613_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 $1000 Invested In Salesforce 10 Years Ago Would Be Worth Today

ESRT

Empire State Realty Trust Reveals Four New Tenants To Its Retail Portfolio And Plans To Open New Ticketing Center At The Empire State Building Observatory

Guidance

Associated Capital Reports Preliminary Range For Q3 Book Value Of $41.85 To $42.05 Per Share

Rosenblatt analyst Blair Abernethy maintains Cadence Design Sys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDNS#NASDAQ">CDNS</a>) with a Neutral and maintains $280 price target.

Price Target

CDNS

Rosenblatt Maintains Neutral on Cadence Design Sys, Maintains $280 Price Target

Hemp companies in <a href="https://www.benzinga.com/topic/new-jersey-cannabis">New Jersey</a> have filed a lawsuit challenging the <a href="https://www.benzinga.com/markets/cannabis/24/09/40845389/nj-governor-signs-bill-tightening-rules-on-hemp-industry-stakeholders-protest-big-alcohol-celebr">newly signed regulation</a> that limits the sale of hemp derived products like Delta-8 THC.
Arguing that the new regulations effectively criminalize hemp, the plaintiffs say hemp is federally legal under the<a href="https://www.benzinga.com/markets/cannabis/24/07/39783607/how-hemp-became-americas-loophole-for-legal-highs"> 2018 Farm Bill</a>, and that New Jersey&#8217;s regulations will force many of them out of business.
In the lawsuit, they also argue that vague terms in the law make compliance difficult. They are seeking a federal court's intervention before the October 12 deadline, when all hemp products must be pulled from shelves.
<h3 class="wp-block-heading">New Jersey's Defense Of The Law</h3>
In response, New Jersey's state attorneys have filed a motion to dismiss the lawsuit, defending the law as a necessary public health measure, <a href="https://newjerseymonitor.com/2024/10/04/state-urges-judge-to-reject-lawsuit-about-new-hemp-regulations/#:~:text=New%20Jersey%20is%20arguing%20that,aimed%20at%20blocking%20the%20law.">reported</a> New Jersey Monitor. 
The argument by the government says that the&nbsp;2018 Farm Bill&nbsp;allows for state-level regulations that aim to address the risks posed by&nbsp;psychoactive hemp products. 
The state's filing emphasized concerns over the health and safety of minors, citing data that shows 11% of high school seniors had used Delta-8 THC in 2023.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/09/40845389/nj-governor-signs-bill-tightening-rules-on-hemp-industry-stakeholders-protest-big-alcohol-celebr">NJ Governor Signs Bill Tightening Rules On Hemp: Industry Stakeholders Protest, Big Alcohol Celebrates</a>
<h3 class="wp-block-heading">New Hemp Law's Restrictions And Impact</h3>
In a written statement, Governor Phil Murphy acknowledged the <a href="https://www.benzinga.com/markets/cannabis/24/09/40845389/nj-governor-signs-bill-tightening-rules-on-hemp-industry-stakeholders-protest-big-alcohol-celebr">law's vagueness</a> but said public safety concerns were paramount.
Signed into law by Murphy, the new hemp regulation bans the sale of intoxicating hemp products. This is unless the seller holds a cannabis or alcohol license.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
Overseen by the New Jersey Cannabis Regulatory Commission (CRC), the law aims to curb access to products like THC-infused beverages and Delta-8 THC. However, it also benefits the alcohol industry.
Similar arguments regarding adverse effects on minor have been waved in other states to prevent hemp-derived products from circulating.
In <a href="https://www.benzinga.com/markets/cannabis/24/09/40945349/cannabis-companies-have-missouris-governor-beat-hemp-thc-products-sales-resume-as-stricter-contr">Missouri</a>, Maryland and <a href="https://www.benzinga.com/markets/cannabis/24/09/41012794/gov-newsoms-hemp-ban-goes-into-effect-consequences-for-industry-investors-patients">California</a>, similar regulations as those imposed sin New Jersey have faced or are currently facing legal disputes. 
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/08/40346190/75-for-an-eighth-of-an-ounce-why-are-new-jersey-cannabis-prices-still-so-high">How This Former DEA Consultant Is Making Craft Cannabis Profitable In New Jersey: A &#8216;Dirt-y&#8217; Little Secret</a></li>
</ul>
Cover: Photo by Gerome Dominici via Pexels

Cannabis

Government

Regulations

Legal

Markets

New Jersey Hemp Companies File Lawsuit Over Strict Regulations, Arguing Farm Bill Protects Them

CHUY

MDU Resources To Replace Chuy's Holdings In S&P SmallCap 600, Effective Prior To Opening Of Trading On October 11

DOCU

DocuSign To Replace MDU Resources In S&P MidCap 400, Effective Prior To Opening Of Trading On October 11

Jones Trading analyst Matthew Erdner initiates coverage on ACRES Commercial Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACR#NYSE">ACR</a>) with a Hold rating.

Initiation

Jones Trading Initiates Coverage On ACRES Commercial Realty with Hold Rating

Canaccord Genuity analyst Susan Anderson maintains Helen Of Troy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) with a Buy and maintains $84 price target.

HELE

Canaccord Genuity Maintains Buy on Helen Of Troy, Maintains $84 Price Target

Rubicon Organics (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RBTCW#OTC">RBTCW</a>) has released its 2023&nbsp;Environmental, Social and Governance (ESG) Report, which demonstrates significant progress by the company in reducing its environmental footprint.
The cannabis company, known for its organic certified products, is one of the few in the industry to publish a comprehensive sustainability report, reflecting the growing importance of&nbsp;<a href="https://www.benzinga.com/topic/climate-change">climate action</a>&nbsp;across sectors.
<h3 class="wp-block-heading">Carbon Footprint Slashed By 48%</h3>
The 2023 ESG Report showcases <a href="https://www.benzinga.com/markets/cannabis/24/08/40397166/rubicons-revenue-grows-profit-margins-shrink-in-q2-whats-next-for-this-canadian-cannabis-company">Rubicon's</a> success in cutting its&nbsp;carbon emissions by 48%, down to&nbsp;2,064 tons. This reduction is largely attributed to a major energy shift through a&nbsp;BC Hydro site upgrade, enabling Rubicon to use cleaner, renewable energy sources.
"We believe we are establishing industry benchmarks and building a robust and resilient cannabis industry in Canada," said Rubicon's CEO Margaret Brodie.
The report also highlights improvements in waste management, with a&nbsp;66% landfill waste diversion rate&nbsp;achieved through recycling, composting, and biofuel repurposing initiatives. These activities also helped reduce the cannabis carbon footprint generated during 2023.
Read Also: <a href="https://www.benzinga.com/markets/cannabis/24/07/39992555/cannabis-sustainability-why-it-matters-and-how-to-achieve-it-with-practical-inexpensive-measures">Cannabis Sustainability: Why It Matters and How to Achieve It With Practical Inexpensive Measures</a>
<h3 class="wp-block-heading">Cannabis Footprint And ESG Reports </h3>
Although infrequent, reporting <a href="https://www.benzinga.com/topic/sustainability">sustainability</a> achievements like Rubicon's is becoming more common. As industries face mounting pressure to address&nbsp;climate change&nbsp;and corporate responsibility, the trend is for customers to value the efforts made by companies to diminish the environmental impacts of their activity.
While still relatively rare in the cannabis sector, the trend is gaining momentum globally.
Insights from the <a href="https://jcannabisresearch.biomedcentral.com/articles/10.1186/s42238-021-00090-0">scientific paper</a> "A Narrative Review on Environmental Impacts of Cannabis Cultivation" by environmentalists Zhonghua Zheng, Kelsey Fiddes and Liangcheng Yang help frame Rubicon's progress. The review noted that cannabis cultivation is notoriously <a href="https://www.benzinga.com/general/biotech/23/04/31620821/the-environmental-impact-of-cannabis-sustainable-growth-or-eco-disaster">resource-intensive</a>, with significant water use and greenhouse gas emissions tied to indoor growing operations.
Related to this, Rubicon's reductions in natural gas usage are vital to the mitigation of the environmental impact of indoor cannabis production.
<ul>
<li>Get Benzinga's exclusive analysis and the top news about the cannabis industry and markets daily in your inbox for free. Subscribe to our newsletter&nbsp;<a href="https://newsletteremail.benzinga.com/subscribe" target="_blank" rel="noreferrer noopener">here</a>. If you're serious about the business, you can't afford to miss out.</li>
</ul>
<h3 class="wp-block-heading">Diversity-Minded Company</h3>
Beyond carbon reduction, Rubicon had a 6% increase in employee count, ending 2023 with 178 workers. The company hired 65 new employees.
For the second year in a row, Rubicon reduced its&nbsp;employee turnover, down to&nbsp;32%&nbsp;from 43% in 2022. The company maintained its focus on diversity, with&nbsp;83%&nbsp;of the workforce belonging to underrepresented groups.
On the equity front, the&nbsp;gender wage gap&nbsp;favored women, with female employees earning&nbsp;33% more than men, while the company&#8217;s&nbsp;CEO pay ratio&nbsp;decreased to&nbsp;14.4:1&nbsp;from&nbsp;28.5:1&nbsp;in 2022.
If you&#8217;re curious about the report, which is the 4th put out by the company, you can download it <a href="https://www.rubiconorganics.com/our-business/esg-reporting/">here</a>.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/markets/cannabis/24/08/40496120/new-york-cannabis-growers-given-one-year-to-submit-mandatory-sustainability-plans">New York Cannabis Growers Given One Year To Submit Mandatory Sustainability Plans</a></li>
</ul>
Cover: AI generated image

RBTCW

Rubicon Organics: 83% Of Workforce From Diverse Groups, Women Earn 33% More Than Men, Cuts Carbon Footprint By 48% YoY

Beverage and food giant PepsiCo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) could provide an insight on shoppers' habits in the face of rising costs at the grocery store when third-quarter financial results are reported Tuesday <a href="https://www.benzinga.com/earnings">before market open</a>.
Earnings Estimates: Analysts expect PepsiCo to report third-quarter revenue of $23.83 billion, up from $22.32 billion in last year's third quarter, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100724&amp;t=be2bearmibe3na1">from Benzinga Pro</a>.
The company has beaten analyst estimates for revenue in eight of the last 10 quarters, but missed estimates in two of the last three quarters.
Analysts expect the company to report third-quarter earnings per share of $2.29, up from last year's $2.25. The company has beaten analyst estimates for earnings per share in more than 10 straight quarters.
Read Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/10/41208875/pepsico-slumps-ahead-of-q3-can-earnings-bring-the-fizz-back">PepsiCo Slumps Ahead Of Q3: Can Earnings Bring The Fizz Back?</a>
Key Items to Watch: Ahead of PepsiCo's third-quarter financial results, several analysts have updated their price targets. Here are<a href="https://www.benzinga.com/quote/PEP/analyst-ratings"> recent analyst ratings </a>on PepsiCo and their respective price targets:
<ul>
<li>RBC Capital: Maintained Sector Perform rating, lowered price target from $177 to $176</li>
<li>Barclays: Maintained Overweight rating, lowered price target from $187 to $186</li>
<li>JPMorgan: Maintained Neutral rating, raised price target from $182 to $185</li>
<li>Bank of America: Maintained Buy rating, lowered price target from $190 to $185</li>
</ul>
PepsiCo's report could provide a gauge of consumer spending, with a strong market share for both beverages and snack foods.
The company said it faced a difficult performance for North America convenient foods in the <a href="https://www.benzinga.com/news/earnings/24/07/39725480/pepsicos-q2-performance-annual-outlook-underwhelms-investors-stock-slides">second quarter</a>, which will likely be closely monitored.
Pepsi also recently announced the acquisition of tortilla chip maker Siete Foods <a href="https://www.benzinga.com/markets/equities/24/10/41118083/pepsico-eyes-tortilla-maker-siete-foods-in-1b-deal-report">for $1.2 billion.</a> The acquisition could bolster Pepsi&#8217;s presence in the healthier snack market and may prompt analysts to question whether further acquisitions are on the horizon.
The beverage and food giant could also update guidance for the full year and share how the Siete acquisition could impact revenue and earnings in the future.
PEP Price Action: PepsiCo stock is down 0.6% to $166.93 on Monday, versus a 52-week trading range of $157.43 to $183.79. Pepsi stock is down 3.4% year-to-date in 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/10/41205686/how-to-earn-500-a-month-from-pepsico-stock-ahead-of-q3-earnings">How To Earn $500 A Month From PepsiCo Stock Ahead Of Q3 Earnings</a></li>
</ul>
Photo via Shutterstock.

Previews

Pepsi Q3 Earnings Preview: Can The Beverage Giant Keep Beating Expectations and Boost Revenue Growth?

Tigress Financial analyst Ivan Feinseth maintains Carnival (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) with a Buy and raises the price target from $25 to $28.

Tigress Financial Maintains Buy on Carnival, Raises Price Target to $28

One of the world's largest insurance companies seemingly ended its coverage of the Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck, before a clarification averted tensions between two of the most valuable companies run by <a href="https://www.benzinga.com/top-stories/24/10/41196469/musk-vs-buffett-which-investor-do-benzinga-readers-trust-to-turn-1-000-into-100-000-faster">two of the richest people</a>.
What Happened: According to a <a href="https://www.torquenews.com/11826/geico-terminating-insurance-coverage-tesla-cybertrucks-says-type-vehicle-doesnt-meet-our">report </a>from Torque News, Geico dropped the Tesla Cybertruck from its coverage.
Geico is owned by Warren Buffett&#8216;s Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>).
Robert Stevenson, who owns a Cybertruck, shared on social media platform X that GEICO told him they can no longer insure his Cybertruck.
"It makes no sense, as there are other, riskier cars out there. Let me know if you recommend any insurer for the truck. I have eight cards with an amazing record. I will be canceling my entire Geico policy," Stevenson tweeted.
Stevenson shared a letter from Geico, which appears to state that the Cybertruck insurance policy had been terminated.
"After a careful review of your policy records, we have determined that we are unable to continue your insurance coverage for the 2024 TESLA CYBERTRUCK," the letter says.
The letter goes on to say that the Cybertruck "type of vehicle doesn't meet our underwriting guidelines."
The Cybertruck is unique for its eccentric, stainless steel design. It also has other features that make it stand out from other pickup trucks and electric vehicles (EVs).
Torque News lists several reasons why the Cybertruck could be riskier than other vehicles to insure, with the high cost and wait time perhaps the biggest issue.
A Geico spokesperson <a href="https://www.theverge.com/2024/10/7/24264330/geico-insurance-coverage-cybertruck-cancelled-dropped-policy">responded </a>to The Verge and clarified that the company &#8220;has coverage available nationwide for the Tesla Cybertruck.&#8221;
Geico is third in U.S. vehicle automotive insurance market share (12.3%), according <a href="https://content.naic.org/sites/default/files/research-actuarial-property-casualty-market-share.pdf">to</a> the National Association of Insurance Commissioners. It trails State Farm (18.3%) and Progressive (15.2%)
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Why It's Important: Geico&#8217;s comments and the fact that Stevenson's tweet has been deleted could point to a potential misunderstanding, or that some facts were left out of the storyline.
Still, this isn't the first time that Cybertruck owners have reported struggling with getting insurance policies for the electric pickup truck.
And while Buffett has butted heads with Tesla CEO Elon Musk in the past, the 94-year-old investor has also <a href="https://www.benzinga.com/news/22/04/26775738/lot-of-companies-make-cars-but-you-have-to-make-cars-that-people-want-warren-buffett-on-elon-musk-an-1">praised Musk in past interviews</a>.
Speculation could continue that Geico is looking to minimize risk with Tesla vehicles in the future based on Buffett's comments<a href="https://www.benzinga.com/markets/equities/24/05/38633307/warren-buffett-comments-on-whether-elon-musks-fsd-will-impact-berkshires-auto-insurance-business"> earlier this year</a> at the annual Berkshire Hathaway shareholders meeting.
An investor of Tesla and Berkshire Hathaway asked Buffett about the risks of full self-driving (FSD) on insurance companies.
Buffett said that lower accident rates are good for society and could be bad for insurance companies based on volume.
"You know, good for society is what we're looking for," Buffett said.
The billionaire said that if accident rates decline, insurance policies could get cheaper for consumers.
Tesla began Cybertruck <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/11/36032944/cybertruck-delivery-event-elon-musk-highlights-teslas-best-product-says-finally-the">deliveries last November</a>. Since then, the truck has become a staple of the Tesla EV lineup.
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Photo courtesy of Tesla.

TSLA

Warren Buffett Vs. Elon Musk: Did Geico Cut Insurance Coverage On Cybertrucks For Not Meeting 'Underwriting Guidelines'?

On Monday, a U.S. District judge ordered Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) to open its Google Play Store to competitors, making it easier for developers of mobile app stores to compete on <a href="https://www.benzinga.com/general/24/10/41124211/epic-games-starts-a-new-battle-with-google-and-samsung">Android phones and tablets.&nbsp;</a>
The Details: Judge James Donato issued his final ruling in Epic v. Google, ordering Google to distribute third-party app stores within the Google Play Store. The judge also ruled Google must give third-party app stores access to the full catalog of Google Play apps and allow developers to link to app downloads outside of the Play Store. 
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41176088/what-happened-with-vistra-constellation-energy-stocks-today">What Happened With Vistra, Constellation Energy Stocks Today?</a>
Google was also ordered to stop requiring Google Play billing for apps distributed on the Google Play Store and to allow developers to inform users about alternative payment methods from with the Play Store. 
What Else: The U.S. Department of Justice (DOJ) is expected to file a high-level framework for potential remedies on Tuesday in its separate search distribution trial against Google. 
JP Morgan analyst Doug Anmuth <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41211507/doj-to-file-remedies-framework-against-google-jp-morgan-sees-alphabet-eps-to-drop-1">expects the DOJ to present</a> a broad and punitive set of potential remedies that could include the separation of Android and Chrome and/or the separation of Google Search ads from Google. 
<h1 class="wp-block-heading">Will GOOG Stock Go Up?</h1>
When trying to assess whether or not Alphabet will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $203.40 on Alphabet. The Street high target is currently at $220 and the Street low target is $185. Of all the analysts covering Alphabet, four have positive ratings, one has neutral ratings and no one has negative ratings.
In the last month, three analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/GOOG/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Alphabet have performed in recent history.
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Alphabet is 17.79% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Alphabet, visit <a href="https://www.benzinga.com/quote/GOOG">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
GOOG Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Alphabet shares ended Monday's session down 2.47% at $164.39.&nbsp;&nbsp;
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Photo: Shutterstock

Large Cap

Movers

GOOG

GOOGL

Google Must Open Play Store To Competitors, Judge Orders

Citigroup analyst Brian Downey maintains Ovintiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OVV#NYSE">OVV</a>) with a Buy and lowers the price target from $58 to $55.

Citigroup Maintains Buy on Ovintiv, Lowers Price Target to $55

MYT Netherlands Parent B.V. 2024 Q4 - Results - Earnings Call Presentation

MYT Netherlands (MYTE) has released an update. MYT Netherlands, operating under Mytheresa, reported a robust financial performance for FY24 with a ...

Mytheresa Achieves Strong Growth and Profitability in FY24

MYT Netherlands (MYTE) has released an update. MYT Netherlands Parent B.V., a company reporting to the U.S. SEC, has announced their annual general...

MYT Netherlands Schedules Shareholders Meeting

MYT Netherlands Parent B.V. (MYTE) Q4 2024 Earnings Call Transcript

Oliver Chen, an analyst from TD Cowen, maintained the Hold rating on MYT Netherlands (MYTE – Research Report). The associated price target is $5.00...

MYT Netherlands: A Balanced Hold Rating Amidst Mixed Financial Signals

Warning: MYTE is at high risk of performing badly

MYT Netherlands: Medium-Term Growth Target Is Plausible

In a report released today, Oliver Chen from TD Cowen maintained a Hold rating on MYT Netherlands (MYTE – Research Report), with a price target of ...

TD Cowen Sticks to Their Hold Rating for MYT Netherlands (MYTE)

Mytheresa to acquire YNAP

MYT Netherlands (MYTE) has released an update. MYT Netherlands Parent B.V., commonly known as Mytheresa, has struck a deal to acquire online luxury...

Mytheresa Acquires YNAP, Expands Luxury Empire

CFRUY

MYTE

Press Releases

Q1 FY24 Results: Mytheresa Grows +7% in Net Sales in the First Quarter

Mytheresa to Participate in Morgan Stanley Global Consumer and Retail Conference

Mytheresa Announces Second Quarter of Fiscal Year 2024 Earnings Release and Conference Call; Participating in Upcoming Investor Conferences

Q2 FY24 Results: Mytheresa posts positive growth and strong financial results outperforming a consolidating market

Mytheresa Announces Preliminary Third Quarter Results – Double-Digit Topline Growth Significantly Improved Profitability

Q3 FY24 Results: Mytheresa Posts +18% Net Sales Growth and a Significantly Improved Adjusted EBITDA Margin Compared to the Previous Year Quarter

Mytheresa to Participate in Upcoming Investor Conferences

Mytheresa Announces Fourth Quarter and Full Fiscal Year 2024 Earnings Release and Conference Call

Strong Full FY24 results for Mytheresa driven by +14% Net Sales growth in H2 compared to last year and continued profitability with 4% Adj. EBITDA margin in H2 FY24

MYT Netherlands Parent B.V. ("Mytheresa") and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER ("YNAP") to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa

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American Eagle Outfitters

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Abercrombie & Fitch

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Caleres

Torrid Holdings

Designer Brands Inc. Class A Common Stock

Designer Brands

Foot Locker

Genesco

Guess

J.Jill

Lands' End

Children's Place, Inc. (The) - Common Stock

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