La cadena de opciones muestra datos clave de las opciones de acciones de Cantaloupe a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Cantaloupe..

Cantaloupe (NASDAQ:CTLP) Bolsa, Cadena de Opciones

CANTALOUPE INC

Cantaloupe

Cantaloupe Inc operates in the small ticket electronic payments industry. It provides wireless, cashless, micro-transactions, and networking services within the unattended Point of Sale (POS) market. Its products and services portfolio consists of ePort Cashless devices, eSuds, EnergyMisers, and Value-added services which include Loyalty and Prepaid, Intelligent Vending, and others. The company offers services to different industries covering car wash, taxi and transportation, laundry, vending, kiosk, amusement, and arcade. The company derives revenue from the sale or lease of equipment and services to the small ticket, unattended POS market, and the majority of its revenue is derived from subscription and transaction fees.

Cantaloupe Inc

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/04/03/final-trades-amgen-sabra-health-care-and-kinsale-capital-group.html">Halftime Report Final Trades</a>,&#8221; Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said Sabra Health Care REIT, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBRA#NASDAQ">SBRA</a>) has an <a href="https://www.benzinga.com/quote/SBRA/analyst-ratings">almost 7% dividend yield.</a>
Supporting this view, Truist Securities analyst Michael Lewis, on March 18, raised the price target on the stock from $17 to $18. The company posted better-than-expected earnings and sales results on Feb. 19 for the fourth quarter.
Joshua Brown of Ritholtz Wealth Management named Kinsale Capital Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>) as his final trade.
Kinsale Capital Group announced Thursday that it will release financial results for the first quarter after the closing bell on April 24. Analysts expect the company to report quarterly earnings at $3.22 per share, down from $3.5 per share in the year-ago period. Kinsale Capital projects quarterly revenue of $425.73 million for the recent quarter, compared to $372.79 million a year earlier.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners picked Amgen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>).
Adding support to his choice, Amgen, on Thursday, announced that the U.S. Food and Drug Administration approved UPLIZNA as the first and only treatment for adults living with Immunoglobulin G4-related disease (IgG4-RD).
Price Action:
<ul>
<li>Sabra Health Care gained 1.7% to close at $17.65 on Thursday.</li>
<li>Kinsale Capital shares rose 1.4% to close at $498.60 during Thursday's session.</li>
<li>Amgen shares gained 1.4% to settle at $309.85 on Thursday.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44626468/top-3-risk-off-stocks-that-are-ticking-portfolio-bombs">Top 3 Risk Off Stocks That Are Ticking Portfolio Bombs</a></li>
</ul>
Photo: Shutterstock

Trading Ideas

AMGN

KNSL

SBRA

Amgen, Sabra Health Care And A Financial Stock On CNBC's 'Final Trades'

Citigroup analyst James Hardiman upgrades BRP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOOO#NASDAQ">DOOO</a>) from Sell to Neutral and raises the price target from $27 to $37.

News

Upgrades

Price Target

Analyst Ratings

DOOO

TSX:DOO

Citigroup Upgrades BRP to Neutral, Raises Price Target to $37

AppLovin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) shares were trading lower in premarket hours on Friday after the company confirmed it had submitted a preliminary expression of interest to the U.S. President regarding a potential acquisition of <a target="_blank" href="https://www.benzinga.com/news/24/03/37688964/tiktok-ban-could-take-out-billions-of-dollars-out-of-creators-pockets-and-put-over-300k-american-job" rel="noreferrer noopener">TikTok&#8217;s operations outside of China</a>.
&#8220;This indication of interest is preliminary and there can be no assurance that a transaction involving the Company will proceed,&#8221; AppLovin said in an exchange <a target="_blank" href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001751008/91d42e86-44aa-4c1a-a9a9-40366c6f1f1b.pdf" rel="noreferrer noopener">filing</a>.
The mobile technology firm joins a growing list of companies looking to secure TikTok&#8217;s international business as the platform faces a fast-approaching deadline to find a new owner.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/social-media/25/04/44599624/tiktok-clock-ticks-louder-as-deadline-approaches-trump-to-consider-final-proposal-as-private-equity-firms-bid-for-platform" rel="noreferrer noopener">TikTok Clock Ticks Louder As Deadline Approaches, Trump To Consider Final Proposal As Private Equity Firms Bid For Platform</a>
AppLovin clarified that its interest is still in the early stages and that there is no certainty a deal will materialize, Reuters reports.
Reuters adds that Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has also reportedly shown interest in the short-form video platform.
Meanwhile, a separate group led by OnlyFans founder Tim Stokely is also said to be exploring a bid, underscoring the <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/04/44620779/onlyfans-founders-startup-and-hbar-foundation-enter-the-race-to-acquire-tiktok-us-to-maintain-american-ownership-and-governance" rel="noreferrer noopener">fierce competition to take over TikTok&#8217;s global business.</a>
AppLovin&#8217;s announcement comes during a turbulent time for the company. According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, APP stock has lost over 19% in the past year.
It recently came under fire from short-seller Muddy Waters, which issued <a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/25/03/44541294/applovin-shares-were-up-today-whats-going-on" rel="noreferrer noopener">a report criticizing its e-commerce practices.</a>
The report claims that more than half of AppLovin&#8217;s customer conversions come from retargeting users, suggesting that only a small portion of its sales—between 25% and 35%—are actually incremental.
Muddy Waters also accused the company of gathering user data from major platforms such as Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), and TikTok to construct artificial user profiles. According to the report, this practice may violate platform policies. It further alleges that AppLovin uses persistent identity graphs to covertly retarget high-value users, making it difficult for platforms to detect or prevent the activity.
As the race to acquire TikTok intensifies, AppLovin faces a dual challenge: navigating regulatory hurdles while defending its own reputation against mounting criticism.
Investors can gain exposure to the stock via&nbsp;AdvisorShares Focused Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWS#NYSE">CWS</a>) and&nbsp;Gabelli ETFs Trust Gabelli Financial Services Opportunities ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GABF#NYSE">GABF</a>).
Price Action: APP shares are trading lower by 6.31% to $245.46 at last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/25/04/44643409/ross-gerber-and-gary-kasparov-slam-bill-ackmans-defense-of-trumps-trade-war-tactics-this-is-garbage-policy" target="_blank" rel="noreferrer noopener">Ross Gerber And Gary Kasparov Slam Bill Ackman&#8217;s Defense Of Trump&#8217;s Trade War Tactics: &#8216;This Is Garbage Policy&#8217;</a></li>
</ul>
Image via Shutterstock

Equities

Short Sellers

Markets

Movers

General

AMZN

Gabelli ETFs Trust Gabelli Financial Services Opportunities ETF

GABF

GOOGL

AppLovin Wants TikTok But Can It Beat Amazon And OnlyFans To The Punch?

SEALSQ Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAES#NASDAQ">LAES</a>) ("SEALSQ" or "Company"), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today confirmed that its operations are unaffected by the Trump administration's recently announced tariffs. An exemption on semiconductors under the current trade policy means the Company faces no impact at this stage, while its business is bolstered by the innovation strategy, U.S. development roadmap, and leadership in post-quantum cryptography—which is soon expected to become a legal compliance requirement under a U.S. executive order.
On April 2, 2025, the U.S. administration introduced its "Fair and Reciprocal Plan," setting a 10% tariff on most imports and higher rates on certain trading partners (e.g., 20% on China, 32% on Taiwan), effective April 5, 2025. However, semiconductors are currently exempt from these duties, safeguarding SEALSQ's portfolio of secure microchips used in IoT, automotive, healthcare, and infrastructure applications for the time being.

LAES

SEALSQ Corp Confirms Operations Unaffected by Trump Administration's Tariffs, Bolstered By Innovation Strategy And Leadership In Post-Quantum Cryptography

U.S. stock futures were lower this morning, with the Dow futures falling more than 1,200 points on Friday.
Shares of Guess?, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) fell sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/ges">fourth-quarter financial results.</a>
Guess? reported upbeat results for its fourth quarter and named Alberto Toni as CFO. The company said it sees FY26 revenue to increase 3.9% – 6.2% in US Dollars and adjusted EPS of $1.32 – $1.76.
Guess shares dipped 3% to $9.74 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>MeridianLink, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLNK#NYSE">MLNK</a>) shares tumbled 20.5% to $13.99 in pre-market trading after falling 4% on Thursday.</li>
<li>Newsmax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NMAX#NYSE">NMAX</a>) shares fell 19.2% to $50.18 in pre-market trading after gaining 18% on Thursday.</li>
<li>Stevanato Group S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STVN#NYSE">STVN</a>) shares dipped 18.8% to $16.30 in pre-market trading.</li>
<li>Insteel Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IIIN#NYSE">IIIN</a>) shares fell 18.3% to $20.11 in pre-market trading. Insteel Industries will announce its second quarter 2025 earnings on Thursday, April 17.</li>
<li>Global Industrial Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIC#NYSE">GIC</a>) declined 17.3% to $18.00 in today's pre-market trading after dipping 5% in Thursday.</li>
<li>Adaptive Biotechnologies Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADPT#NASDAQ">ADPT</a>) dipped 16.7% to $6.16 in pre-market trading after dipping 7% on Thursday.</li>
<li>Heritage Insurance Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>) shares dipped 16.1% to $13.11 in pre-market trading.</li>
<li>Mizuho Financial Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MFG#NYSE">MFG</a>) shares fell 14.3% to $4.25 in pre-market trading.</li>
<li>Deutsche Bank Aktiengesellschaft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DB#NYSE">DB</a>) dipped 11.5% to $20.25 in pre-market trading.</li>
<li>Barclays PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCS#NYSE">BCS</a>) shares fell 11.5% to $12.67 in pre-market trading  after dipping 9% on Thursday.</li>
<li>Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) declined 9.3% to $117.30 in pre-market trading.</li>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) dipped 8.8% to $36.41 in pre-market trading.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 4.8% to $254.40 in pre-market trading. Tesla shares fell over 5% on Thursday after the company reported weaker-than-expected performance for the first quarter of 2025.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 3.8% to $97.98 in pre-market trading after dipping around 8% on Thursday.</li>
</ul>
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</ul>
Photo via Shutterstock

Pre-Market Outlook

ADPT

BABA

HRTG

IIIN

MLNK

NMAX

NVDA

STVN

TSLA

Guess, Tesla, Nvidia And Other Big Stocks Moving Lower In Friday's Pre-Market Session

In a first for global airlines, Alaska Airlines will lend expertise from its industry-leading training program to inform development of next generation simulators. Loft enters fixed-wing market, bringing FAA- and EASA-qualified VR technology to commercial airline training.
SEATTLE and ZURICH, April 4, 2025 /PRNewswire/ --&nbsp;Ushering in the next era of pilot training, Alaska Airlines has announced an investment in Loft Dynamics — an industry leader in virtual flight training and the developer of the only FAA- and EASA-qualified virtual reality (VR) helicopter flight simulator. The investment made through Alaska Star Ventures, Alaska's corporate venture capital arm, will support development of the first hyper-realistic, full-motion Boeing 737 VR simulator, using extended reality (XR) technology and techniques, with the goal of enhancing Alaska's pilot training program and informing future training solutions across the industry.
 &nbsp;

Alaska Airlines Invests In Loft Dynamics To Develop First Hyper-Realistic Full-Motion Boeing 737 VR Simulator, Advancing Pilot Training With XR Technology through Alaska Star Ventures

As of April 4, 2025, three stocks in the financial sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Heritage Insurance Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRTG#NYSE">HRTG</a>)</h3>
<ul>
<li>On March 11, Heritage Insurance posted better-than-expected quarterly earnings. &#8220;The year 2024 was marked by numerous destructive hurricanes affecting communities across the Southeastern United States and in 2025, we&#8217;ve seen devastating wildfires affect residents of California,&#8221; said Ernie Garateix, Heritage CEO. The company's stock gained around 35% over the past month and has a 52-week high of $16.90.</li>
<li>RSI Value: 75.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>HRTG Price Action: Shares of Heritage Insurance gained 0.6% to close at $15.62 on Thursday.</li>
<li>Edge Stock Ratings: 94.40 Momentum score with Value at 91.39. </li>
</ul>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/HRTG"><img loading="lazy" decoding="async" width="432" height="178" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04042734/image-42.png" alt="" class="wp-image-857066" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04042734/image-42.png 432w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04042734/image-42-300x124.png 300w" sizes="(max-width: 432px) 100vw, 432px" /></a></figure>
<h3 class="wp-block-heading">CME Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>)</h3>
<ul>
<li>On April 2, CME Group reported that average daily volume rose 13% year-over-year in the first quarter. The company's stock gained around 7% over the past month and <a href="https://www.benzinga.com/quote/CME">has a 52-week high</a> of $271.22.</li>
<li>RSI Value: 71.4</li>
<li>CME Price Action: Shares of CME gained 2.2% to close at $268.36 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">EZCORP Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EZPW#NASDAQ">EZPW</a>)</h3>
<ul>
<li>On March 28, EZCORP announced the closing of private offering of $300,000,000 of senior notes due 2032. The company's stock gained around 19% over the past month and has a<a href="https://www.benzinga.com/quote/EZPW"> 52-week high</a> of $16.35.</li>
<li>RSI Value: 76.5</li>
<li>EZPW Price Action: Shares of EZCORP gained 3% to close at $15.78 on Thursday.</li>
</ul>
Curious about other BZ Edge Rankings? Click here to discover <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">how similar stocks measure up</a>. 
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</ul>
Photo via Shutterstock

Short Ideas

EZPW

Top 3 Financial Stocks That May Fall Off A Cliff In April

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is no longer riding the <a href="https://www.benzinga.com/topic/artificial-intelligence">AI euphoria wave</a>. The semiconductor giant has slipped into a strongly bearish trend, with its stock price sinking 26.4% year-to-date and trading well below key moving averages. 
Investors who once saw Nvidia as untouchable are now watching as selling pressure mounts and analyst sentiment cools.
<h2 class="wp-block-heading">Nvidia Stock Chart: Bearish Signals Everywhere</h2>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0404"><img loading="lazy" decoding="async" width="631" height="489" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04072325/Screenshot-2025-04-04-at-4.53.12-PM.png" alt="" class="wp-image-857354" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04072325/Screenshot-2025-04-04-at-4.53.12-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04072325/Screenshot-2025-04-04-at-4.53.12-PM-300x232.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0404" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Nvidia&#8217;s stock chart is flashing warning signs. The stock trades at $96.97, trailing below its eight-day ($107.82), 20-day ($113.117), 50-day ($121.36) and 200-day ($127.08) simple moving averages. 
The Moving Average Convergence Divergence (MACD) sits at a negative 5.10, reinforcing the bearish signal, while the Relative Strength Index (RSI) hovers at 30.03 &#8211; is dangerously close to oversold territory.
Read Also: <a href="https://www.benzinga.com/25/04/44642269/top-analyst-cautions-economic-armageddon-for-tech-sector-if-current-tariffs-stay-this-is-as-nervous-as-ive-seen-investors-since-covid">As Nvidia, Apple And Other Mag 7 Stocks Wipe Out Over $1 Trillion In Investor Wealth On Thursday, Top Analyst Warns Of &#8216;Economic Armageddon&#8217; For Tech Sector If Current Tariffs Remain</a>
<h2 class="wp-block-heading">HSBC Pulls The Plug On NVDA's Upside</h2>
HSBC isn't buying into the Nvidia hype, at least for now. The firm downgraded Nvidia stock from bullish to neutral, slashing its price target from $175 to $120, <a href="https://in.investing.com/news/stock-market-news/hsbc-downgrades-nvidia-slashes-target-as-it-sees-limited-upside-4756791">reported</a> Investing. While Nvidia's AI-driven revenue growth remains strong, HSBC sees limited near-term upside. 
Slower GPU pricing growth and a transition phase ahead of Nvidia's next-gen Vera Rubin platform could weigh on momentum.
<h2 class="wp-block-heading">What's Next For Nvidia?</h2>
With NVDA stock under pressure, investors are wondering if a turnaround is on the horizon. AI, robotics and autonomous vehicles remain long-term catalysts, but HSBC warns that meaningful revenue from these sectors may take time. For now, Nvidia bulls might need to buckle up—this ride could get bumpier before it gets better.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44643859/elon-musk-mark-zuckerberg-and-jensen-huang-lose-34-billion-heres-how-much-other-magnificent-7-billionaires-lost-after-trumps-liberation-day">Elon Musk, Mark Zuckerberg And Jensen Huang See $34 Billion Wiped Out In A Single Day: Here&#8217;s How Much Other &#8216;Magnificent 7&#8217; Billionaires Lost After Trump&#8217;s Liberation Day</a></li>
</ul>
Photo: Shutterstock

Technicals

Tech

Nvidia Slips Into Bearish Trend As HSBC Downgrades AI Giant

Ladenburg Thalmann analyst Jeff Cohen initiates coverage on CeriBell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBLL#NASDAQ">CBLL</a>) with a Buy rating and announces Price Target of $32.

Initiation

CBLL

Ladenburg Thalmann Initiates Coverage On CeriBell with Buy Rating, Announces Price Target of $32

<ul>
<li>MTI is a rapidly growing leader in manufacturing specialized refractory metal alloy systems that play a critical role in optimizing performance in the ultra-high temperature environments of next-generation missile programs</li>
<li>The acquisition accelerates access to new, critical and classified strategic missile defense programs that align with current and future U.S. Department of Defense funding priorities</li>
<li>MTI is deeply embedded in early development stages of major defense programs with extensive engineering and qualification requirements for refractory metal products involving unique, proprietary manufacturing methods</li>
<li>The acquisition adds complementary and highly technical capabilities to the Karman platform, including additive manufacturing, hot forging and specialized forming of alloys, that represent a natural extension of Karman's advanced materials expertise</li>
<li>The acquisition is immediately accretive to Karman across all major financial metrics, including revenue growth, Adjusted EBITDA margins, contracted revenue and cash flow</li>
</ul>
Karman Holdings Inc. ("Karman" or "the Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRMN#NYSE">KRMN</a>), a leader in the rapid design, development, and production of next-generation technologies to combat near-peer nation state threats, focused on critical, integrated systems for the hypersonic, missile defense, UAV and space sectors, today announced it has acquired Metal Technology Inc. ("MTI), a leader in highly engineered products utilizing refractory alloys, for strategic missile programs, which includes nozzles, EM shielding, energetic liners, gas generators, shape charges and actuation systems, for $90 million in cash.

KRMN

Karman Space & Defense Acquires Metal Technology Inc., A Leader In Highly Engineered Products Utilizing Refractory Alloys, For Strategic Missile Programs For $90M In Cash

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Barclays analyst Manav Patnaik downgraded the rating for UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>) from Equal-Weight to Underweight and lowered the price target from $180 to $152. UniFirst shares closed at $172.17 on Thursday. <a href="https://www.benzinga.com/quote/UNF/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Janney Montgomery Scott analyst Michael Gaugler downgraded Middlesex Water Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSEX#NASDAQ">MSEX</a>) from Buy to Neutral. Middlesex Water shares closed at $66.57 on Thursday. <a href="https://www.benzinga.com/quote/MSEX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Michael Sarcone downgraded the rating for EDAP TMS S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDAP#NASDAQ">EDAP</a>) from Buy to Hold and cut the price target from $8 to $2. Edap shares closed at $1.91 on Thursday. <a href="https://www.benzinga.com/quote/EDAP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Jeffrey Zekauskas downgraded Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) from Overweight to Neutral and lowered the price target from $40 to $31. Dow shares closed at $31.46 on Thursday. <a href="https://www.benzinga.com/quote/DOW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Manav Patnaik downgraded the rating for Equifax Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) from Overweight to Equal-Weight and lowered the price target from $325 to $260. Equifax shares closed at $231.80 on Thursday.  <a href="https://www.benzinga.com/quote/EFX/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying DOW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="505" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45-1024x505.png" alt="" class="wp-image-857437" style="width:509px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45-1024x505.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45-768x379.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/04081227/image-45.png 1212w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Downgrades

EDAP

MSEX

This Dow Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

As the global trade war escalates due to unprecedented U.S. tariffs, this analyst has mapped out three possible economic scenarios, with the worst-case outcome forecasting a deep recession and a potential stock market plunge of up to 60%.
What Happened: Peter Mallouk, the CEO of Creative Planning, in a recent post on X, cautioned about the significant risks associated with the current policy shift.
Mallouk's "worst-case scenario" envisions the U.S. administration maintaining high tariffs for the long term to boost domestic production. He warns that this scenario would lead to soaring consumer prices, rising inflation, and a substantial decline in the living standards of average Americans.
&#8220;We'd likely fall into a deep recession, and the markets could drop anywhere from 30% to 60% in a short period of time. It's the classic stagflation scenario — slowing growth and rising prices — and it's brutal for everyone. No one wins,&#8221; says Mallouk.
However, Mallouk also presented a "best-case scenario" where the tariffs act as a strategic effort to secure better trade deals within six months. Successful negotiations could lead to lower interest rates, an avoidance of recession, and ultimately benefit U.S. consumers and businesses.
The third possibility, a "mostly bad scenario," suggests that even if negotiations are the eventual goal, delays exceeding a couple of quarters could still push the economy into recession. In this case, he predicts that &#8220;Supply chains are disrupted, companies hesitate to invest, and consumer confidence erodes before any deals are finalized.&#8221;
<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">When it comes to the economy, there are thousands of possible outcomes — but when a major policy shift like a trade war starts to unfold, it helps to focus on a few distinct scenarios. The tariff war just started so it's early, but here's my take on the three main potential…
&mdash; Peter Mallouk (@PeterMallouk) <a href="https://twitter.com/PeterMallouk/status/1907935408329036003?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/general/market-summary/25/04/44642317/sp-500-plummets-108-nasdaq-100-corrects-141-since-trumps-inauguration-heres-how-it-compares-to-obama-and-biden-eras">S&amp;P 500 Plummets 10.8%, Nasdaq 100 Corrects 14.1% Since Trump&#8217;s Inauguration: Here&#8217;s How It Compares To Obama And Biden Eras</a>
Why It Matters: Mallouk acknowledges that the current tariff situation is "messy," and it could have a potentially "devastating" impact if it lasts for a longer period of time.
&#8220;It's messy, the tariffs &#8211; as they sit &#8211; would be devastating if they lasted long, and there's a lot of uncertainty, but I'm optimistic this wild adventure will come to a conclusion before the swimming pools close.&#8221;
However, he adds that &#8220;I'm optimistic this wild adventure will come to a conclusion before the swimming pools close,&#8221; implying that he expects the countries to arrive at a resolution in the coming months.
Donald Trump introduced10% tariff on all trading partners on Wednesday and levied more duties on the countries he described as "bad actors".
Morgan Housel, a partner at the Collaborative Fund, quoted an investor in an X post and said that the market should have crashed 30-40% on Thursday. He said the market is either in denial or believes that the current scenario will soon be reversed.
<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">Spoke to an investor who said "if the market actually processes what happened yesterday it would be down 30-40%. The fact that it's not is either denial or a belief that it will soon be reversed."
&mdash; Morgan Housel (@morganhousel) <a href="https://twitter.com/morganhousel/status/1907809892481839177?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
As of Thursday, the S&amp;P 500 declined 12.22% from its Feb. 19th peak, the Nasdaq 100 slumped 16.65% from its 52-week high, approaching the bear market territory, and the Dow Jones dropped 10.05%, suggesting that all three indices were in the correction zone.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, declined in premarket on Friday. The SPY was down 2.30% to $525.78, while the QQQ declined 2.52% to $439.32, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Analyst Color

Government

Macro Economic Events

Regulations

Futures

Economics

Federal Reserve

Recession Imminent? Analyst Flags 60% Market Crash Risk Under Worst Tariff Scenario: 'It's Messy'

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is increasingly demonstrating a dual identity—mirroring the performance of high-growth tech stocks while simultaneously acting as a hedge against broader financial uncertainty, according to Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered.
In a market note shared with Benzinga on Friday, Kendrick highlighted recent trading behavior that shows Bitcoin aligning with top technology stocks, particularly Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), while also offering protection during macroeconomic stress. 
"Bitcoin is proving itself to be the best of tech—upside when stocks go up—and a hedge in multiple scenarios," he wrote.
Kendrick pointed to the price action over the past 36 hours, noting that both Microsoft and Bitcoin led gains across major assets. 
"Strongest performers were MSFT and BTC. Same again so far today in BTC spot and tech futures," he said.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44634188/are-bitcoin-and-the-sp-500-heading-for-a-death-cross">Are Bitcoin And The S&amp;P 500 Heading For A Death Cross?</a>
He also emphasized that Bitcoin's resilience isn't limited to bullish equity environments. 
Citing examples such as the March 2023 collapse of Silicon Valley Bank, Kendrick said Bitcoin has shown its utility as a hedge in times of traditional finance instability.
More recently, he added, it appears to be responding to concerns around "U.S. isolation," suggesting geopolitical developments are reinforcing Bitcoin's appeal as a globally accessible, non-sovereign asset.
Currently trading just below a key technical level, Kendrick said a breakout above $85,000 is likely following the latest payroll data, potentially setting the stage for a return to the $88,500 range seen before this week's tariff-driven volatility. 
"A break back above the critical $85,000 level looks likely today, post payrolls," he noted.
The comments come as Bitcoin continues to outperform other asset classes in 2025, driven by growing institutional participation, macro uncertainty, and a shifting regulatory climate in the U.S.
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Loop Capital initiates coverage on Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) with a Buy rating and announces Price Target of $85.

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Loop Capital Initiates Coverage On Lattice Semiconductor with Buy Rating, Announces Price Target of $85

The Trend-Following strategy described in this article has shown considerable promise in trading Coffee futures. Read on.
In this article, we explore the development of a systematic trading strategy for coffee futures (@KC), which are traded on the Intercontinental Exchange (ICE) in New York. Our goal is to diversify a trading portfolio by incorporating lesser-known assets compared to more commonly traded futures.
Coffee futures belong to a category known as &quot;soft commodities,&quot; which also includes futures contracts for sugar, cocoa, cotton, and orange juice. This market offers several appealing characteristics, including significant intraday volatility, a low correlation with equity futures, and decent trading volumes.
To analyze this market, we employ a Trend-Following approach, a strategy that has historically performed well across various commodity markets. Our objective is to determine whether this approach is equally effective for trading coffee futures.
<h2 class="wp-block-heading">Logic and Code Behind a Trend-Following Strategy for Coffee Futures</h2>
The strategy we aim to develop follows a Trend-Following approach, based on the breakout of significant highs and lows.
Specifically, the system enters a long position when the price surpasses the highest high recorded over a given number of sessions, defined as Highest(High, n_sessions). Conversely, it enters a short position when the price breaks below the lowest low over a set number of sessions, denoted as Lowest(Low, n_sessions).
The system remains active throughout the entire trading session of Coffee futures, which runs from 4:15 AM to 1:30 PM (exchange time), Monday through Friday. Entries and exits occur within the same trading day, meaning that all positions are closed by the end of the session unless the stop loss is triggered earlier. For this initial analysis, we set the Stop Loss at $1,500.
We evaluate the performance of our trading system in a 15-minute timeframe (data1) for trade execution and a daily timeframe (data2) for calculating entry levels, with historical data spanning from early 2010 to the end of 2023.
This concept translates into a few concise lines of code:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained">
input:n_sessioni(5),mystop(1000),myprofit(0);
if EntriesToday(d)=0 then Buy next&nbsp; bar at Highest(High,n_sessioni)data2 stop;
if EntriesToday(d)=0 then Sellshort next bar at Lowest(Low,n_sessioni)data2 stop;
if mystop&gt;0 then setstoploss(mystop);
if myprofit&gt;0 then setprofittarget(myprofit);
setstopcontract;
setexitonclose;
</div>
</blockquote>
The first step in refining the strategy involves optimizing the number of sessions (&quot;n_sessions&quot;) used to calculate breakout levels. To do this, we test values from 1 to 10 in increments of 1 and evaluate the impact on performance.
<img alt="" class="wp-image-9723" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image.jpg" style="height:154px; width:697px" />
Figure 1 &ndash; Optimization of the &quot;n_sessions&quot; input to identify the optimal number of sessions for calculating highs and lows.
The optimization reveals that as the number of sessions increases, net profit and overall performance metrics tend to deteriorate, except for maximum drawdown, which remains relatively stable. Based on this analysis, we select n_sessions = 2, meaning that our entry levels are calculated based on the past two sessions&rsquo; highs and lows. A breakout of these levels triggers a position entry.
Examining the results from our first test, we observe a profitable and steadily growing equity curve, confirming that Coffee futures respond well to Trend-Following logic. While further refinements will be necessary, the initial results are promising, with an average trade of $62 and a net profit of $151,000. Not bad for an early-stage system without any additional filtering or optimizations!
<img alt="" class="wp-image-9725" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-3.jpg" style="height:143px; width:697px" />
Figure 2 &ndash; Detailed equity curve of the Trend Following strategy on Coffee futures.
<img alt="" class="wp-image-9724" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-1.jpg" style="height:432px; width:630px" />
Figure 3 &ndash; Strategy Performance Summary and Total Trade Analysis of the Trend Following strategy on Coffee futures.
To refine our Trend-Following trading system, the first step is to analyze whether adjusting the operational time window&mdash;rather than running the system for the full trading session&mdash;can lead to improved performance.
We modify the code by introducing a custom function and incorporating two new input parameters: &quot;MyStartTrade&quot; and &quot;MyEndTrade&quot;, which specify the time window in which trades are allowed. We then proceed to optimize these parameters.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><div class="wp-block-group is-layout-constrained wp-block-group-is-layout-constrained">
var:istartofsession(false);
istartofsession=_OHLCMulti5(0415,1330,ohlcvalues);
array:ohlcValues[23](0);
input: stoploss(1500), takeprofit(0);
input: MyStartTrade(415),MyEndTrade(1330);
input: n_sessioni(2);
//ingressi
if tw(MyStartTrade,MyEndTrade)
and EntriesToday(d)=0
then begin
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Buy next&nbsp; bar at Highest(High,n_sessioni)data2 stop;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sellshort next bar at lowest(Low,n_sessioni)data2 stop;
end;
if stoploss&gt;0 then setstoploss(stoploss);
if takeprofit&gt;0 then setprofittarget(takeprofit);
setstopcontract;
setexitonclose;
</div>
</blockquote>
<img alt="" class="wp-image-9726" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-2.jpg" style="height:141px; width:697px" />
Figure 4 &ndash; Optimization of the &quot;MyStartTrade&quot; input to determine the best time to start trading.
<img alt="" class="wp-image-9728" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-3.jpg" style="height:143px; width:697px" />
Figure 5 &ndash; Optimization of the &quot;MyEndTrade&quot; input to determine the best time to stop trading.
The optimization results indicate that shortening the trading window improves overall system performance. Specifically, adjusting the start time to 5:00 AM and the end time to 12:00 PM leads to a clear reduction in maximum drawdown from over $25,000 to less than $20,000.
This improvement likely occurs because early trading movements (immediately after the market opens) tend to be erratic and lack clear direction, while opening new trades after a certain time of the day makes little sense since all positions are closed by the end of the day.
<h2 class="wp-block-heading">Enhancing Performance: Implementing a Price Pattern Filter</h2>
To further refine our Trend-Following strategy, we now focus on one of the most crucial metrics for real-world trading: average trade value. For our system to be viable in live trading, this metric must be high enough to cover operational costs such as commissions and slippage. This is particularly relevant in the case of coffee futures, where each tick has a relatively high value of $18.75.
One possible enhancement is the addition of a filter based on the &ldquo;Daily Factor&rdquo; (DF)&mdash;a pattern that measures how much the prices of the prior day moved from the open to the close relative to their total daily range (high to low).
This pattern does not indicate market direction but provides information only about volatility: a low Daily Factor value suggests that prices moved very little relative to their total range, while a high Daily Factor value indicates strong price movement, signaling a clearly bullish or bearish session.
Once the Daily Factor (&quot;DF&quot;) value is computed, we compare it against a predefined threshold (&quot;DF_level&quot;) to determine whether or not to enter a trade. Both &quot;DF&quot; and &quot;DF_level&quot; range from 0 to 1.
To integrate this filter, we add the following lines to our script and optimize the &quot;DF_level&quot; parameter, testing values between 0.1 and 1 in increments of 0.05.
//Daily Factor
input:DF_level(1);
var: DF(0);
if (highs(1)-lows(1))&lt;&gt;0 then begin
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; DF=absvalue(opens(1)-closes(1))/(highs(1)-lows(1));
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; end;
<img alt="" class="wp-image-9731" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-5.jpg" style="height:251px; width:697px" />
Figure 6 &ndash; Optimization of the &quot;DF_level&quot; input to define the filter based on the Daily Factor pattern.
Based on the optimization, we choose a value of 0.8. In other words, we set the strategy so that it only opens a position if the previous session&#39;s body (Open-Close) is less than 80% of the range (High-Low). This approach increases our average trade by $20, pushing it above $80, while further reducing the maximum drawdown and boosting net profit.
<h2 class="wp-block-heading">Further Developments to Improve Performance: Weekdays</h2>
At this stage of our testing, we have a system that is significantly improved but still not ready for live trading with real funds. We need to identify effective solutions to continue refining our approach. One idea, for instance, is to exclude specific days of the week that, over the entire historical period analyzed, have consistently proven to be less profitable.
In parallel, we update our script by introducing two new inputs, &quot;skipdaylong&quot; and &quot;skipdayshort,&quot; which designate the trading days to exclude from our strategy. We then optimize these inputs within a range from 1 to 6, since in the programming language of the MultiCharts platform, these values represent the days of the week, with 1 corresponding to Monday and 6 to Saturday.
input: skipdaylong(-1),skipdayshort(-1);
if dayofweek(d)&lt;&gt;skipdaylong then Buy next&nbsp; bar at Highest(High,len)data2 stop;
if dayofweek(d)&lt;&gt;skipdayshort then Sellshort next bar at Lowest(Low,len)data2 stop;
<img alt="" class="wp-image-9727" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-4.jpg" style="height:95px; width:696px" />
Figure 7 &ndash; Results of the optimization for the &quot;skipdaylong&quot; and &quot;skipdayshort&quot; inputs, sorted by average trade.
To validate our optimization results, we use a proprietary program that enables us to analyze the bias of each instrument at various levels&mdash;from intraday hourly bias to monthly and yearly bias. Examining Figure 8, we immediately notice that on Mondays (highlighted in the figure), Coffee futures tend to move sideways without a well-defined trend. In contrast, on the other days, the trend is clearer and generally bearish for this instrument. Furthermore, a Daily Factor measured on Fridays is evidently weaker than one measured on any other day. Based on these observations, we have decided to exclude Mondays from our trading operations, which helps us move closer to a $100 average trade.
<img alt="" class="wp-image-9730" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-1.jpg" style="height:296px; width:698px" />
Figure 8 &ndash; Results of the weekly bias analysis for Coffee futures, carried out using the proprietary Bias Finder software.
<h2 class="wp-block-heading">Strategy Exit Optimization and Final Performance</h2>
As the final step in our test, we perform our usual stop-loss optimization, which had previously been set to $1,500. At the same time, we introduce a profit target to assess whether it provides additional benefits. As a result of this final refinement, we choose $1,700 for both the stop-loss and the profit target.
The final metrics from our study include a net profit of $167,000, an average trade of $107, and a maximum drawdown of about $13,000.
<img alt="" class="wp-image-9729" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-1.jpg" style="height:296px; width:698px" />
Figure 9 &ndash; Optimization of the Stop Loss value for the Trend Following strategy on Coffee futures.
<img alt="" class="wp-image-9734" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-7.jpg" style="height:292px; width:697px" />
Figure 10 &ndash; Optimization of the Profit Target value for the Trend Following strategy on Coffee futures.
<img alt="" class="wp-image-9732" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-6.jpg" style="height:384px; width:697px" />
Figure 11 &ndash; Final equity curve of the strategy on Coffee futures.
<img alt="" class="wp-image-9733" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/04091008/image-2.jpg" style="height:351px; width:688px" />
Figure 12 &ndash; Final Performance Summary and Total Trade Analysis of the strategy on Coffee futures.
<h2 class="wp-block-heading">Conclusions on the Trend Following Trading System for Coffee Futures</h2>
In short, the Trend Following approach described in this article has shown considerable promise for trading Coffee futures. This underscores the importance of exploring less familiar markets&mdash;beyond the more widely recognized ones&mdash;to achieve greater portfolio diversification. While this analysis has provided valuable insights, further refinement is necessary before transitioning to live trading. This includes identifying the most profitable trades and improving the average trade so it&#39;s sufficiently robust for real-world conditions.
Until next time, happy trading!
Andrea Unger

Commodities

Opinion

Signals

This Strategy Shows Promise For Trading Coffee Futures

Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) shares are trading lower premarket on Friday. On Thursday, the company&#8217;s subsidiary, Shell Midstream Operating LLC, reached an agreement to sell its 16.125% stake in Colonial Enterprises, Inc. to Brookfield Infrastructure Partners LP&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BIP#NYSE">BIP</a>) subsidiary, Colossus AcquireCo LLC, <a target="_blank" href="https://www.shell.com/news-and-insights/newsroom/news-and-media-releases/2025/shell-to-sell-interest-in-colonial-enterprises-inc-to-brookfield-subsidiary.html" rel="noreferrer noopener">for </a>$1.45 billion.
Together with Shell, the co-owners of Colonial Enterprises have agreed to sell 100% of their Colonial shares to Brookfield.
In particular, Brookfield Infrastructure Partners and its institutional partners have agreed to acquire Colonial Enterprises, including the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44640407/brookfield-infrastructure-announces-the-acquisition-of-colonial-enterprises" rel="noreferrer noopener">Colonial Pipeline, for $9 billion (9x EBITDA)</a>.
The transaction values Shell&#8217;s stake at $1.45 billion, factoring in around $500 million in non-recourse debt, with customary closing adjustments excluded.
Spanning 5,500 miles from Texas to New York, Colonial is the largest refined products pipeline in the U.S., with a strong performance history.
BIP will contribute $500 million, or 15% of the total equity investment, funded through capital recycling initiatives. The deal is expected to close in the second half of 2025, pending regulatory approvals.
Notably, Colonial&nbsp;is jointly owned by Shell Midstream (16.125%), Koch Capital Investments Company, LLC (28.088%), KKR-Keats Pipeline Investors (23.443%), Caisse de dépôt et placement du Québec (16.549%), and IFM Investors (15.795%).
Last month, at Capital Markets Day 2025,&nbsp;Shell&nbsp;disclosed plans to increase shareholder distributions from 30%-40% to 40%-50% of cash flow from operations <a target="_blank" href="https://www.benzinga.com/news/guidance/25/03/44470278/shell-unveils-new-strategy-higher-buybacks-cost-cuts-and-10-annual-free-cash-flow-growth" rel="noreferrer noopener">(CFFO) throughout economic cycles</a>.
Shell has raised its structural cost reduction target from $2-3 billion by the end of 2025 to a cumulative $5-7 billion by 2028,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">based on 2022 levels</a>.
Investors can gain exposure to the stock via Precidian ETFs Trust Shell plc ADRhedged (BATS:<a class="ticker" href="https://www.benzinga.com/stock/SHEH#BATS">SHEH</a>) and Abacus FCF Real Assets Leaders ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ABLD#BATS">ABLD</a>).
Price Action: SHEL shares are down 4.66% at $66.52 premarket at the last check Friday.
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Financial analyst Tom Lee from Fundstrat Global Advisors provided his analysis on the market&#8217;s response and potential tactics behind the White House&#8217;s actions.
What Happened: On Thursday, in a conversation with StockMKTNewz, Tom Lee gave his viewpoint on the repercussions of the sudden tariff rates declared by the Trump administration. The rates, 46% on Vietnam and 34% on China, were calculated based on trade deficits, a departure from traditional tariff methodologies, and were much harsher than expected.
Lee characterized these rates as &#8220;absurd,&#8221; comparing them to a &#8220;dark comedy&#8221; due to their arbitrary nature and lack of economic rationale. The immediate market reaction was a significant 3.5% opening gap down in the S&amp;P 500, marking the seventh largest negative opening gap in 40 years.
Trump&#8217;s tariff wiped out around $2.5 trillion from the U.S. stock market. 
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<iframe loading="lazy" title="Tom Lee&#039;s BIG Takes After Tariff Liberation Day: Exclusive StockMKTNewz Interview" width="500" height="281" src="https://www.youtube.com/embed/HC6V1B7PceI?start=169&#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>
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As earnings season nears, Lee expects companies with solid fundamentals and limited exposure to tariff-impacted supply chains to stand out as &#8220;superpower companies.&#8221;
Lee believes Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) remains stable because the market has already accounted for the worst-case scenario, potentially setting the stage for a V-shaped recovery. Strong performers like Palantir (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), and Strategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), previously MicroStrategy, further indicate that market leaders are stabilizing rather than declining further.
&#8220;I expect a V-shaped recovery, but the timing is now a bit harder to judge because we don't really have the band-aid completely ripped off until April 9th.&#8221;
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/equities/25/04/44642355/trumps-25-auto-tariffs-spark-stellantis-layoffs-gm-expansion-uaws-shawn-fain-calls-job-cuts-comp" target="_blank" rel="noreferrer noopener">Trump&#8217;s 25% Auto Tariffs Spark Stellantis Layoffs, GM Expansion: UAW&#8217;s Shawn Fain Calls Job Cuts &#8216;Completely Unnecessary&#8217;</a>
Why It Matters: Despite the initial market panic, Lee maintains a cautious optimism, arguing that the economic impact may not be as catastrophic as feared. He pointed out the benefit&nbsp;of falling bond yields: for&nbsp;every 10 basis points the&nbsp;10-year Treasury yield drops, the&nbsp;U.S. saves $36 billion in&nbsp;debt service costs.
Lee sees the White House&#8217;s silence as a calculated strategy to create panic&nbsp;among trading partners, maximizing negotiating&nbsp;leverage until the April 9&nbsp;deadline. He believes this approach is primarily aimed&nbsp;at the EU and China,&nbsp;the two regions most critical&nbsp;to U.S. trade dynamics.
Tom Lee called the market sell-off <a href="https://www.benzinga.com/25/03/44244329/tom-lee-predicts-market-stabilization-following-mondays-overreaction-foresees-may-rate-cut">amid recession fears</a> during mid-March an &#8220;overreaction&#8221;. Even earlier this week, Lee wrote on X, "Markets are deeply oversold," adding that "too many are only pricing in ‘worst case&#8217;" scenarios. 
Despite the market turmoil, Lee encouraged investors to remain resilient,&nbsp;predicting a sharp bounce around&nbsp;April 9 as negotiations progress&nbsp;and the VIX subsides.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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