Últimas noticias sobre Dingdong (Cayman) (NYSE:DDL) Bolsa

Dingdong (Cayman)

Dingdong (Cayman) Ltd is the fastest growing on-demand e-commerce company in China. The company directly provides users and households with fresh produce, meat and seafood, and other daily necessities through a convenient shopping experience supported by an extensive self-operated frontline fulfillment grid. It recognizes revenues from product sales of fresh groceries and other daily necessities through Dingdong Fresh APP and mini-programs and membership services.

Dingdong (Cayman) Limited American Depositary Shares (each two representing three Ordinary Shares)

Dingdong (Cayman) Ltd

WisdomTree Dynamic Currency Hedged International SmallCap Equity Fund

The White House said the National Security Council is reviewing the implications of&nbsp;DeepSeek, a Chinese AI firm.&nbsp;The review comes amid fears of intellectual property theft, a concern raised by&nbsp;David Sacks, the White <a href="https://www.benzinga.com/25/01/43293506/chinas-deepseek-under-white-house-scrutiny-over-potential-national-security-risks" target="_blank" rel="noreferrer noopener">House's AI and crypto czar</a>.
Meta Platforms Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO&nbsp;Mark Zuckerberg&nbsp;is reportedly considering purchasing a property in Washington DC as part of his strategy to work <a target="_blank" href="https://www.benzinga.com/25/01/43296858/mark-zuckerberg-reportedly-explores-buying-property-in-washington-dc-as-meta-ceo-looks-to-work-closely-with-trump" rel="noreferrer noopener">closely with President&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/43296858/mark-zuckerberg-reportedly-explores-buying-property-in-washington-dc-as-meta-ceo-looks-to-work-closely-with-trump" rel="noreferrer noopener">Donald Trump</a>.
Earnings Results
Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)&nbsp;reported second-quarter GAAP earnings of $3.23 per share, beating the $3.11 consensus estimate. Quarterly revenue clocked in at $69.6 billion, beating the $68.78 <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43320124/microsoft-shares-slide-after-q2-results-cloud-revenue-misses-expectations-details" rel="noreferrer noopener">billion analyst consensus estimate</a>.
Read: <a target="_blank" href="https://www.benzinga.com/tech/25/01/43327016/microsoft-ceo-satya-nadella-accepts-deepseek-ai-has-some-real-innovations-but-wont-say-if-they-mark-a-turning-point-for-ai-cost-reduction" rel="noreferrer noopener">Microsoft CEO Satya Nadella Accepts DeepSeek AI Has Some &#8216;Real Innovations&#8217; — But Won&#8217;t Say If They Mark A Turning Point For AI Cost Reduction</a>
International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) reported fourth-quarter earnings of&nbsp;$3.92&nbsp;per share, which beat the analyst consensus estimate of&nbsp;$3.75. Quarterly revenue came in at $17.55 billion,&nbsp;which beat the analyst <a target="_blank" href="https://www.benzinga.com/25/01/43321676/ibm-reports-q4" rel="noreferrer noopener">consensus estimate of&nbsp;$17.54 billion</a>.
Meta reported fourth-quarter revenue of $48.39 billion, beating&nbsp;analyst estimates of $47.03 billion. The company reported fourth-quarter earnings of $8.02 per share,<a target="_blank" href="https://www.benzinga.com/general/social-media/25/01/43322201/meta-platforms-q4-earnings-revenue-beat-eps-beat-daily-actives-up-5-continued-strong-revenue-growth-expected" rel="noreferrer noopener"> beating analyst estimates of $6.77 per share</a>.
Related:<a target="_blank" href="https://www.benzinga.com/markets/25/01/43326499/mark-zuckerberg-says-chinas-deepseek-did-some-novel-things-were-still-digesting-but-meta-may-keep-pouring-billions-into-ai-infrastructure-anyway" rel="noreferrer noopener"> Mark Zuckerberg Says China&#8217;s DeepSeek Did Some Novel Things &#8216;We&#8217;re Still Digesting,&#8217; But Meta May Keep Pouring Billions Into AI Infrastructure Anyway</a>
Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) reported fourth-quarter earnings of&nbsp;13&nbsp;per share, which beat the analyst consensus estimate of&nbsp;12&nbsp;cents. Quarterly revenue clocked in at $14.3 billion,&nbsp;which beat the analyst <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43354712/intel-stock-climbs-on-better-than-expected-q4-report-details" rel="noreferrer noopener">consensus estimate of&nbsp;$13.81 billion</a>.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reported fiscal first-quarter revenue of $124.3 billion, beating analyst&nbsp;estimates&nbsp;of $124.13 billion. The iPhone maker reported first-quarter adjusted earnings of $2.40 per share, beating <a target="_blank" href="https://www.benzinga.com/news/earnings/25/01/43355688/apple-q1-earnings-revenue-beat-eps-beat-iphone-sales-slip-installed-base-climbs-to-all-time-high-ou" rel="noreferrer noopener">analyst estimates of $2.36 per share</a>.
Related: <a target="_blank" href="https://www.benzinga.com/markets/25/01/43373775/tim-cook-praises-chinas-deepseek-for-driving-efficiency-stresses-apples-prudent-and-deliberate-approach-toward-capital-expenditure" rel="noreferrer noopener">Tim Cook Praises China&#8217;s DeepSeek For Driving Efficiency, Stresses Apple&#8217;s &#8216;Prudent And Deliberate&#8217; Approach Toward Capital Expenditure</a>
Artificial Intelligence
Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) stock took a hit as China&#8217;s&nbsp;DeepSeek unveiled an AI model that reportedly offers cutting-edge performance at a fraction of the cost. This development has sparked doubts about the need <a target="_blank" href="https://www.benzinga.com/25/01/43220297/nvidia-stock-slide-as-chinas-deepseek-ai-sparks-doubts-over-gpu-spending-frenzy-what-tech-experts-are-saying" rel="noreferrer noopener">for&nbsp;massive GPU investments</a>.
The race among large language models has intensified with DeepSeek R1 emerging&nbsp;as a formidable competitor&nbsp;to established players like OpenAI's o1 and&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/asia/25/01/43243584/deepseek-r1-vs-openai-what-consumers-need-to-know-about-ais-latest-challenger" rel="noreferrer noopener">Meta Platforms Inc.</a><a target="_blank" href="https://www.benzinga.com/markets/asia/25/01/43243584/deepseek-r1-vs-openai-what-consumers-need-to-know-about-ais-latest-challenger" rel="noreferrer noopener">‘s Llama 3.2</a>.
DeepSeek was targeted by significant cyberattacks, coinciding with its <a target="_blank" href="https://www.benzinga.com/25/01/43257133/chinese-ai-startup-deepseek-hit-by-cyberattacks-after-toppling-us-giants-like-nvidia-with-new-ai-model-dubbed-as-chatgpt-killer" rel="noreferrer noopener">growing prominence in the AI sector</a>.
Veteran investor&nbsp;Ross Gerber voiced his apprehensions <a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener">regarding&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener">DeepSeek's</a><a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener"> privacy policy on&nbsp;</a><a target="_blank" href="https://www.benzinga.com/tech/25/01/43258810/ross-gerber-slams-deepseeks-privacy-policy-as-the-chinese-ai-models-rise-triggers-market-chaos-i-dont-trust-a-thing-china-does" rel="noreferrer noopener">X</a>.
OpenAI&nbsp;CEO&nbsp;Sam Altman has addressed the capabilities of&nbsp;DeepSeek's R1 model, acknowledging its impressive <a target="_blank" href="https://www.benzinga.com/25/01/43259545/deepseeks-r1-is-impressive-but-openai-ceo-sam-altman-says-they-will-crush-it-with-much-better-models-looking-forward-to-bringing-you-all-agi-and-beyond" rel="noreferrer noopener">performance and cost-</a>effectiveness.
Palmer Luckey, founder of&nbsp;Oculus&nbsp;and&nbsp;Anduril Industries, has voiced strong criticism against the reaction to&nbsp;DeepSeek,<a target="_blank" href="https://www.benzinga.com/tech/25/01/43294552/palmer-luckey-blasts-hysteria-over-deepseek-oculus-founder-says-chinese-hedge-funds-psyops-targeted-us-ai-giants-like-nvidia" rel="noreferrer noopener"> labeling it as an overreaction</a>.
SoftBank Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SFBQF#OTC">SFBQF</a>)&nbsp;is reportedly negotiating a potential investment of $15 billion to $25 billion in&nbsp;OpenAI. This move could make SoftBank the largest investor in the&nbsp;ChatGPT&nbsp;creator, surpassing&nbsp;Microsoft, which <a target="_blank" href="https://www.benzinga.com/25/01/43327823/softbank-eyes-historic-25-billion-investment-in-openai-poised-to-dethrone-microsoft-as-chatgpt-parents-biggest-investor" rel="noreferrer noopener">has&nbsp;invested nearly $14 billion</a>.
Technology &amp; Telecom
Meta said it has agreed to a $25 million settlement with President&nbsp;Donald Trump&nbsp;over his suspension from&nbsp;Facebook&nbsp;and&nbsp;Instagram&nbsp;<a target="_blank" href="https://www.benzinga.com/news/legal/25/01/43325503/mark-zuckerbergs-meta-pays-trump-25-million-to-settle-lawsuit-over-facebook-instagram-ban-after-jan-6-riot-a-big-year-for-redefining-our-relationships-with-governments" rel="noreferrer noopener">following&nbsp;the Jan. 6 Capitol riot</a>.
As McKinsey highlights a significant shift in how artificial intelligence will be used in the future,&nbsp;Verizon Communications Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) launched&nbsp;AI Connect&nbsp;during its fourth quarter conference call, to meet the growing demand for <a target="_blank" href="https://www.benzinga.com/markets/25/01/43222744/verizon-launches-ai-connect-as-mckinsey-predicts-that-60-70-of-ai-workload-will-shift-from-training-to-inferencing-by-2030" rel="noreferrer noopener">network capacity and computational power</a>.
Read: <a target="_blank" href="https://www.benzinga.com/tech/25/01/43223228/satya-nadella-said-we-should-take-development-out-of-china-very-very-seriously-now-deepseeks-r1-has-emerged-as-chatgpt-killer-outperforming-openai-with-50x-cheaper-prices-heres-more" rel="noreferrer noopener">Satya Nadella Said &#8216;We Should Take Development Out Of China Very, Very Seriously.&#8217; Now, DeepSeek&#8217;s R1 Has Emerged As A ChatGPT Killer, Outperforming OpenAI With 50x Lower Costs: Here&#8217;s More</a>
Google Maps, owned by&nbsp;Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), said that it will rename the "Gulf of Mexico" to "<a target="_blank" href="https://www.benzinga.com/tech/25/01/43256798/google-maps-to-rename-gulf-of-mexico-to-gulf-of-america-for-us-users-in-aftermath-of-trump-executive-order" rel="noreferrer noopener">Gulf of America" for U.S. users</a>.&nbsp;
Google&nbsp;has reportedly reclassified the U.S. as a "sensitive country.", which is typically reserved for nations with strict governments or border <a target="_blank" href="https://www.benzinga.com/media/25/01/43295150/google-reclassifies-us-as-sensitive-country-just-like-china-and-russia-after-trumps-gulf-of-america-move" rel="noreferrer noopener">disputes like China, Russia, and Iraq</a>.
Social Media
Jeff Bezos-backed&nbsp;Perplexity AI has reportedly submitted a&nbsp;revised proposal&nbsp;to merge with&nbsp;TikTok&#8217;s U.S. business, offering the U.S. government a 50% stake in the new entity.
A group of U.S. investors, with backing from&nbsp;YouTube&nbsp;star&nbsp;Jimmy Donaldson, also known as&nbsp;MrBeast, has amassed over <a target="_blank" href="https://www.benzinga.com/25/01/43325891/backed-by-youtube-king-mrbeast-group-of-american-investors-including-roblox-ceo-lock-in-over-20-billion-for-tiktok-takeover-but-they-have-not-heard-back-directly-from-bytedance" rel="noreferrer noopener">$20 billion to bid for&nbsp;</a><a target="_blank" href="https://www.benzinga.com/25/01/43325891/backed-by-youtube-king-mrbeast-group-of-american-investors-including-roblox-ceo-lock-in-over-20-billion-for-tiktok-takeover-but-they-have-not-heard-back-directly-from-bytedance" rel="noreferrer noopener">TikTok</a>.
Smartphones
Apple reportedly plans to release the&nbsp;iOS 18.4&nbsp;update in April, following the <a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far" target="_blank" rel="noreferrer noopener">public rollout of&nbsp;</a><a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far" target="_blank" rel="noreferrer noopener">iOS 18.3</a><a href="https://www.benzinga.com/tech/25/01/43221500/ios-18-4-preview-updates-to-siri-more-languages-for-apple-intelligence-and-robot-vacuum-support-everything-we-know-so-far" target="_blank" rel="noreferrer noopener">&nbsp;this week</a>.&nbsp;Apple has released&nbsp;iOS 18.3, addressing <a href="https://www.benzinga.com/25/01/43257851/ios-183-released-with-urgent-security-fixes-heres-why-every-iphone-user-should-update-immediately" target="_blank" rel="noreferrer noopener">29 security vulnerabilities</a>.
Apple joined forces with Elon Musk&#8217;s SpaceX and T-Mobile US Inc. to bring Starlink <a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature" target="_blank" rel="noreferrer noopener">satellite texting capabilities to </a><a href="https://www.benzinga.com/25/01/43294364/apple-surprises-iphone-users-by-teaming-up-with-spacex-and-t-mobile-to-bring-starlink-satellite-texting-heres-what-you-need-to-know-about-the-new-feature" target="_blank" rel="noreferrer noopener">iPhones</a>.
Image: Shutterstock

Tech

AAPL

GOOG

INTC

MSFT

NVDA

SFBQF

Consumer Tech News (Jan 27-Jan 31): China's DeepSeek Launch Gets Mixed Reaction From Experts, Tech Biggies Reported Earnings & More

In an act of retaliation, Canada has announced plans to impose tariffs on American goods. This move comes in response to President Donald Trump&#8216;s executive order that imposes a 25% tariff on most U.S. imports from Canada.
What Happened: President Trump&#8217;s Saturday executive order levies a 25% tariff on nearly all U.S. imports from Canada, along with a 10% tariff on energy.
Following this, Canadian Prime Minister&nbsp;Justin Trudeau&nbsp;has announced that Canada will impose&nbsp;25% counter-tariffs on C$155 billion&nbsp;($107 billion) worth of American-made&nbsp;products. 
According to a report <a href="https://www.bloomberg.com/news/articles/2025-02-02/-complete-betrayal-canada-reels-as-trump-tariff-hits-major-trade-relationship?sref=TBDibEcD">by</a> Bloomberg, the counter-tariffs will be effective from Tuesday, targeting C$30 billion worth of goods initially, with the remaining tariffs to be imposed later in February.
"From the beaches of Normandy to the mountains of the Korean Peninsula, from the fields of Flanders to the streets of Kandahar, we have fought and died alongside you during your darkest hours," the outlet quoted Trudeau telling Americans on Saturday night.
Also Read: <a href="https://www.benzinga.com/news/global/24/12/42257504/trump-threatens-brics-nations-with-100-tariffs">Trump Threatens BRICS Nations With 100% Tariffs</a>
"Yes, we've had our differences in the past, but we've always found a way to get past them. As I've said before, if President Trump wants to usher in a new golden age for the United States, the better path is to partner with Canada, not to punish us," he added. 
The Canadian tariffs will apply to a variety of American goods including beer, wine, food, and appliances. Trudeau also hinted at possible measures related to critical minerals and urged Canadians to support local businesses and avoid U.S. vacations.
The executive order by Trump, which accuses Canada and Mexico of not taking sufficient action against fentanyl production and trafficking,&nbsp;invoked emergency powers to justify&nbsp;the tariffs, bypassing&nbsp;formal procedures outlined in the&nbsp;US-Mexico-Canada Agreement signed in 2020.
Several Canadian officials, including Ontario leader&nbsp;Doug Ford&nbsp;and British Columbia premier&nbsp;David Eby, have expressed their outrage at Trump&#8217;s tariffs and announced their own retaliatory measures. Eby characterized Trump&#8217;s tariffs as a &#8220;complete betrayal&#8221;&nbsp;of the historic bond between&nbsp;the two nations.
Why It Matters: The imposition of these tariffs has sparked concerns among business groups and the Canadian Chamber of Commerce. 
They predict a drastic increase in costs and a potential market collapse due to the escalating trade tensions between the two countries. 
This trade dispute could have far-reaching implications for the economies of both nations and their bilateral trade relations.
Read Next
<a href="https://www.benzinga.com/news/global/25/01/42902618/canadian-official-claps-back-at-trumps-51st-state-comments-offers-to-buy-these-two-american-states">Canadian Official Claps Back At Trump&#8217;s 51st State Comments, Offers To Buy These Two American States</a>
Image: Shutterstock

News

Politics

Markets

Canada Retaliates Against Trump's Tariffs With Countermeasures: 25% Tariffs On $107 Billion of US-Made Goods

These twelve large-cap stocks were the worst performers in the last week. Are they in your portfolio?
<ol>
<li>Manhattan Associates, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) shares plummeted 27.92% after the company announced soft guidance for the 2025 fiscal year <a href="https://www.benzinga.com//node/43315362" target="_blank" rel="noreferrer noopener">and analysts lowered the price forecast</a>.</li>
<li>Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) shares fell 20.02%. Melius Research analyst Scott Davis downgraded the company from Buy to Hold and <a href="https://www.benzinga.com/quote/vrt/analyst-ratings" target="_blank" rel="noreferrer noopener">announced a $125 price forecast</a>.</li>
<li>Comfort Systems USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIX#NYSE">FIX</a>) stock declined 19.74% following the launch of DeepSeek<a href="https://www.benzinga.com//node/43254923" target="_blank" rel="noreferrer noopener">, China&#8217;s open-source AI model</a>.</li>
<li>Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>) shares slipped 18.33% after the company reported its <a href="https://www.benzinga.com//node/43356259" target="_blank" rel="noreferrer noopener">third-quarter financial results</a>. Several analysts <a href="https://www.benzinga.com/quote/deck/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price forecast</a>.</li>
<li>Teva Pharmaceutical Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>) shares decreased 18.22% after it reported <a href="https://www.benzinga.com//node/43303023" target="_blank" rel="noreferrer noopener">fourth-quarter financial results</a>. Analysts <a href="https://www.benzinga.com/quote/teva/analyst-ratings" target="_blank" rel="noreferrer noopener">cut the price forecast</a>.</li>
<li>NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) lost 15.81% last week on <a href="https://www.benzinga.com//node/43220297" target="_blank" rel="noreferrer noopener">China&#8217;s DeepSeek sparking doubts</a> over GPU spending frenzy. Also, reports indicating Trump officials have discussed further curbing China sales weighed on the stock.</li>
<li>EMCOR Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EME#NYSE">EME</a>) stock fell 15.72%.</li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) shares slipped 14.79%.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) lost 14.28% last week due to <a href="https://www.benzinga.com//node/43231443" target="_blank" rel="noreferrer noopener">China&#8217;s DeepSeek sparking </a>investor fears in U.S. semiconductor stocks.</li>
<li>United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) shares tumbled 14.13% after it reported mixed fourth-quarter results and analysts <a href="https://www.benzinga.com//node/43389661" target="_blank" rel="noreferrer noopener">trimmed the price forecast</a>.</li>
<li>Quanta Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) shares dipped 14.08%. Citigroup analyst Andrew Kaplowitz maintained a Buy rating and lowered <a href="https://www.benzinga.com/quote/pwr/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast from $394 to $371</a>.</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>) shares dropped 13.66% amid concerns about AI competition from China&#8217;s DeepSeek AI model, which <a href="https://www.benzinga.com//node/43254923" target="_blank" rel="noreferrer noopener">has weighed on AI-related sectors</a>.</li>
</ol>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/02/43423005/alibaba-ibm-and-duolingo-are-among-top-0large-cap-gainers-last-week-jan-27-jan-31-are-the-others-in-your-portfolio" target="_blank" rel="noreferrer noopener">Alibaba, IBM And Duolingo Are Among Top 0Large Cap Gainers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?</a></li>
</ul>
Photo via Shutterstock

Equities

Large Cap

Movers

Trading Ideas

DECK

MANH

SMCI

TEVA

NVIDIA, Teva Pharmaceutical And UPS Are Among Top Large Cap Losers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?

These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) shares escalated 15.85% after the company reported better-than-expected financial results for the fiscal second quarter and <a href="https://www.benzinga.com//node/43391113" target="_blank" rel="noreferrer noopener">analysts changed their price forecast</a>.</li>
<li>Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) stock upped 14.86% after announcing upbeat fourth-quarter results <a href="https://www.benzinga.com//node/43312480" target="_blank" rel="noreferrer noopener">and analysts raised the price forecast.</a></li>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) shares increased 13.75% after the company reported an upbeat fourth-quarter results and <a href="https://www.benzinga.com//node/43341886" target="_blank" rel="noreferrer noopener">analysts revised the price forecast</a>.</li>
<li>GitLab Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTLB#NASDAQ">GTLB</a>) stock grew 12.30% amid a rebound in the broader space.</li>
<li>Check Point Software Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHKP#NASDAQ">CHKP</a>) shares gained 12.10% last week following <a href="https://www.benzinga.com//node/43347093" target="_blank" rel="noreferrer noopener">Q4 earnings</a>. Several analysts raised their <a href="https://www.benzinga.com/quote/CHKP/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a> on the stock.</li>
<li>RBC Bearings Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBC#NYSE">RBC</a>) shares jumped 10.99% after the company reported better-than-expected third-quarter results and issued fourth-quarter <a href="https://www.benzinga.com//node/43382549" target="_blank" rel="noreferrer noopener">net sales guidance above estimates</a>.</li>
<li>Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares escalated 10.88% as the company&#8217;s latest artificial intelligence <a href="https://www.benzinga.com//node/43351350" target="_blank" rel="noreferrer noopener">model, Qwen 2.5, gained traction</a>.</li>
<li>Duolingo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUOL#NASDAQ">DUOL</a>) stock gained 10.77% last week after several analysts raised their <a href="https://www.benzinga.com/quote/DUOL/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecasts</a>.</li>
<li>Franklin Resources, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEN#NYSE">BEN</a>) stock upped 10.70% after the company reported better-than-expected Q1 financial results.</li>
<li>Cloudflare, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) stock rose 10.61% amid a rebound in the broader market, which sold off amid concerns about AI competition<a href="https://www.benzinga.com/quote/net/analyst-ratings" target="_blank" rel="noreferrer noopener"> from China</a>.</li>
</ol>
Image via Shutterstock

AFRM

BABA

CHKP

DUOL

GTLB

RDDT

SHOP

TEAM

Alibaba, IBM And Duolingo Are Among Top 0Large Cap Gainers Last Week (Jan 27-Jan 31): Are The Others In Your Portfolio?

Harry Lewis, the former Harvard professor of Bill Gates, recently expressed that Gates&#8217; decision to drop out of Harvard to start Microsoft did not come as a surprise to him.
What Happened: Lewis, who taught Gates applied mathematics at Harvard, remembered the future billionaire as being exceptionally inquisitive and mature for his age. Gates&#8217; thirst for challenges stood out, leading Lewis to believe that Gates&#8217; decision to leave Harvard wasn&#8217;t surprising.
Gates left Harvard after three semesters to launch Microsoft, which was then a startup in the budding software industry. This decision ultimately led Gates to become a billionaire by the age of 31. Today, Microsoft boasts a market value of nearly $3.2 trillion, and Gates&#8217; estimated net worth is $108.7 billion, according to Forbes.
Lewis humorously mentioned his regret at not investing in Gates when he had the chance. If he had invested $100 in Microsoft when the company went public in 1986, his shares would be worth approximately $650,000 today, after considering price appreciation and dividend payouts, according to <a href="https://www.cnbc.com/2025/01/29/bill-gates-harvard-professor-wasnt-surprised-he-dropped-out.html">a </a>CNBC analysis.
Also Read: <a href="https://www.benzinga.com/tech/25/01/43218782/bill-gates-i-would-probably-be-diagnosed-on-the-autism-spectrum-if-growing-up-today">Bill Gates: &#8216;I Would Probably Be Diagnosed on the Autism Spectrum&#8217; if Growing Up Today</a>
"He always wanted a challenge. I wasn't surprised when he dropped out — I just wish I'd invested in him," Lewis told the outlet. 
Despite being surrounded by students with superior math skills at Harvard, Gates stood out due to his curiosity and eagerness to tackle challenges. 
Lewis even suggested that Gates could have been a professional mathematician if he had chosen to pursue that path.
Why It Matters: Gates&#8217; early departure from Harvard to start Microsoft underscores his entrepreneurial spirit and risk-taking attitude. His decision to leave a prestigious institution like Harvard to venture into the uncertain world of software startups was a bold move that paid off immensely. 
Today, Microsoft is one of the most valuable companies in the world, and Gates&#8217; net worth is a testament to his vision and determination. 
Lewis&#8217; anecdote about Gates&#8217; time at Harvard provides a glimpse into the mindset of a young Gates, who was not afraid to challenge the status quo and take risks in pursuit of his ambitions.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42716028/bill-gates-expressed-skepticism-towards-bitcoin-i-would-short-it-if-possible" target="_blank" rel="noreferrer noopener">Bill Gates Expressed Skepticism Towards Bitcoin: ‘I Would Short It' If Possible</a>

Success Stories

Bill Gates' Early Departure From Harvard: Not Surprising, Says Former Professor: 'I Just Wish I'd Invested In Him'

Chinese startup DeepSeek has upended the artificial intelligence industry&#8217;s assumptions about costs and computing power, just as OpenAI announced its latest model can cost up to $3,000 per query.
DeepSeek&#8217;s R1 model, which rivals top U.S. systems in performance, reportedly cost just $5.6 million to develop. The breakthrough sent shocks through global markets Monday, erasing nearly $1 trillion in U.S. and European tech stock value, including a record $589 billion drop in Nvidia&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) market capitalization.
&#8220;It&#8217;s a paradigm shift,&#8221; Ali Ghodsi, CEO of Databricks Inc., said to Bloomberg. &#8220;These models that can reason are so much cheaper to produce that you will see it be democratized. You&#8217;ll see innovations from unexpected corners of the world.&#8221;
Don't Miss:
<ul>
<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-nancy-pelosi">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000</a></li>
<li><a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a></li>
</ul>
Meanwhile, OpenAI&#8217;s new o3 model, announced just before Christmas, signals a contrary trend—achieving breakthrough performance but at staggering costs. The model requires up to $3,000 to solve a single query that humans complete in seconds, using 172 times more computing power than previous approaches.
&#8220;One very important thing to understand about the future: the economics of AI are about to change completely,&#8221; François Chollet, an AI researcher, said on X when o3 went public.
The model&#8217;s success came from its &#8220;test-time compute&#8221; approach, allowing it to think harder about each question. While this produced superior results, including a 91.5% score on Chollet&#8217;s challenging ARC test, it shattered previous cost assumptions about AI services.
Trending: Built on the trusted network of Fortune 500 companies, <a href="https://www.benzinga.com/money/web3-enabler-the-most-boring-blockchain-company-partners-with-salesforce">this blockchain company partners with Salesforce to uproot lengthy and expensive B2B transactions, and you can invest with just $100.</a>
OpenAI, valued at $157 billion, may charge up to $2,000 monthly for full access to o3, according to The Economist, which cited New Street Research analyst Pierre Ferragu. Even the company&#8217;s current &#8220;pro&#8221; version of o1 loses money on its $200 monthly subscription tier due to higher-than-expected usage.
The cost structure challenges the traditional tech industry model of providing services at near-zero marginal cost. It also strengthens the position of suppliers like Nvidia and cloud providers like Amazon (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>, GOOGL)), which control the essential computing infrastructure. DeepSeek&#8217;s <a href="https://www.benzinga.com/markets/asia/25/01/43243584/deepseek-r1-vs-openai-what-consumers-need-to-know-about-ais-latest-challenger">success suggests an alternative path</a>. Founded by Liang Wenfeng in 2023, the company achieved its results through efficiency innovations and reinforcement learning techniques, despite limited access to advanced U.S. chips.
See Also: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a>
&#8220;More investment does not necessarily lead to more innovation,&#8221; Liang told Chinese media outlet 36kr. &#8220;Otherwise, large companies would take over all innovation.&#8221;
The development is catching Silicon Valley&#8217;s attention. OpenAI CEO Sam Altman noted the shift, calling DeepSeek&#8217;s R1 &#8220;an impressive model&#8221; and &#8220;invigorating.&#8221; Meta established an internal team to analyze DeepSeek&#8217;s methods, according to Bloomberg, which cited people familiar with the matter.
Instead of a winner-take-all market, experts predict an oligopoly where multiple firms compete based on specialized applications. Companies like Anthropic, valued at $60 billion, and xAI at $45 billion, suggest investors see room for multiple players despite the high costs.
Read Next:
<ul>
<li>According to Juniper Research, the total value of B2B cross-border payments stored on the blockchain is projected to exceed $4.4 trillion — <a href="https://www.benzinga.com/money/web3-enabler-future-of-enterprise-transactions">Join the first company to bring blockchain payments to Salesforce early with just $100.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>

Startups

AMZN

'The Economics Of AI Are About To Change Completely': Why OpenAI's o3 Could Reshape The Industry — Costing Up To $3000 Per Query

A recent analysis by The Commonwealth Fund has revealed what many Americans may already suspect: the United States health care system ranks last among wealthy nations. Despite spending more on health care than any other country, the US continues to underperform in critical areas like accessibility, efficiency, equity, and health outcomes.
A Troubling Report Card
In the "Mirror, Mirror 2024: A Portrait of the Failing U.S. Health System" <a href="https://www.commonwealthfund.org/publications/fund-reports/2024/sep/mirror-mirror-2024">report</a>, researchers compared health care systems across 10 high-income countries—Australia, Canada, France, Germany, the Netherlands, New Zealand, Sweden, Switzerland, the United Kingdom, and the United States. The US came in last place overall, ranking 10th in accessibility and health outcomes, and poorly in administrative efficiency and equity.
Don't Miss:
<ul>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
</ul>
According to a September article in AJMC, Joseph Betancourt, MD, president of The Commonwealth Fund, summed it up saying: "The US is failing one of its principal obligations as a nation: to protect the health and welfare of its people… Continually spending the most and getting the least for our health care dollars is not sustainable."
What's Holding the US Back?
One of the <a href="https://www.benzinga.com/personal-finance/25/01/43218719/medicares-at-home-care-and-telehealth-restrictions-in-2025-could-limit-access-to-affordable-healthcare-heres-what-you-need-to-know">biggest issues is access to care</a>. With 26 million uninsured Americans and sky-high out-of-pocket costs, health care remains out of reach for many. In contrast, countries like the Netherlands and Germany offer universal coverage and affordable care, making access far more equitable.
The <a href="https://www.benzinga.com/personal-finance/24/12/42742855/mark-cuban-says-this-is-single-payer-how-his-healthcare-model-could-transform-the-u-s-healthcare-system">shortcomings of the US health care system</a> are further evident in its unparalleled spending. According to the Peter G. Peterson Foundation, in 2022, the United States spent an estimated $12,742 per person on health care—the highest per capita spending among wealthy nations. For comparison, Switzerland, the second-highest spender, allocated $9,044 per person, while the average for other Organization for Economic Development Cooperative and Development countries, excluding the US, was just $6,850.&nbsp;
Trending: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
Administrative inefficiency is another key weakness. The US ranked ninth in the category due to its complex insurance system, which forces patients and providers to navigate endless denials, appeals, and paperwork.&nbsp;
In terms of equity, the US fared poorly as well, with widespread disparities in care based on race, ethnicity, and income. Issues like racial discrimination and uneven access to resources disproportionately impact vulnerable communities, worsening health outcomes for millions.
Finally, the US performed the worst in health outcomes. The country has the highest rate of preventable deaths, along with a lower-than-average life expectancy, driven by factors like the opioid crisis, gun violence, and chronic diseases.
Trending: The average 401(k) balance soars to a record-breaking high – <a href="https://www.benzinga.com/money/average-401k-balances-soars-to-record-high">Here's how to know if your nest egg is keeping pace.</a>
What Can Be Done?
The report emphasizes that the US health care system could learn a lot from other nations. Here's what researchers suggest:
<ul>
<li>Reduce financial barriers: Expand insurance coverage and ensure it protects against high out-of-pocket costs.</li>
<li>Simplify the system: Streamline administrative processes to reduce inefficiencies for both patients and providers.</li>
<li>Strengthen primary care: Invest in training and compensation for primary care providers to improve access and outcomes.</li>
<li>Address inequities: Combat racial and socioeconomic disparities by expanding social safety nets and addressing social determinants of health, like housing and food security.</li>
<li>Tackle market consolidation: Regulate health care mergers to reduce costs and improve access.</li>
</ul>
As Betancourt put it, "This report underscores the many lessons we could learn from others on how to strengthen our health care delivery and outcomes."
See Also: <a href="https://www.benzinga.com/money/suze-orman-retirement-bucket">&#8216;Which Bucket Do I Draw From First?&#8217; Suze Orman Explains To 67-Year-Old The Best Order For Tapping Into Her Retirement Accounts</a>
The Bottom Line
The US health care system's high spending has not translated into better health outcomes or broader access. It's clear that reform is overdue, with opportunities to build a system that is more equitable, efficient, and effective for all Americans. By learning from other nations, the US could finally turn its spending into meaningful improvements for its citizens.
Read Next:
<ul>
<li>Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a></li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a> </li>
</ul>

Personal Finance

US Health Care Ranks Last Among Wealthy Nations — Study Reveals Despite Highest Spending, People Have Lower-Than-Average Life Expectancies

It's been over seven years since Elon Musk first teased the second-generation Tesla Roadster, a futuristic sports car promising jaw-dropping acceleration and a rocket-powered boost.&nbsp;
Yet, here we are in 2025 and the Roadster is still nowhere to be seen on public roads. Meanwhile, <a href="https://www.benzinga.com/tech/25/01/43048198/in-2011-elon-musk-mocked-tesla-rival-byd-fast-forward-to-2024-the-chinese-automaker-is-the-only-real-contender-to-tslas-global-dominance">Chinese automaker BYD</a> has stolen the spotlight with a real, functioning electric hypercar that performs like a beast and comes with an outrageous party trick: it can jump over potholes, police spikes and other obstacles.
Don't Miss:
<ul>
<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-nancy-pelosi">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000</a></li>
<li>Built on the trusted network of Fortune 500 companies, <a href="https://www.benzinga.com/money/web3-enabler-the-most-boring-blockchain-company-partners-with-salesforce">this blockchain company partners with Salesforce to uproot lengthy and expensive B2B transactions, and you can invest with just $100.</a></li>
</ul>
<h2 class="wp-block-heading">Tesla's Elusive Roadster</h2>
Back in 2017, Musk confidently declared that the Tesla Roadster would launch in 2020, setting performance standards no other car could touch. It was supposed to accelerate from 0 to 60 mph in 1.9 seconds, hit a top speed of over 250 mph and finish a quarter-mile in just 8.8 seconds. Musk now says the <a href="https://www.benzinga.com/news/24/07/39924101/new-tesla-roadster-will-be-something-special-says-ceo-elon-musk-production-to-commence-in-2025">Roadster will launch in 2025</a> with even more outrageous features, such as SpaceX-sourced rocket technology and a sub-second time to 60 mph.
But is it realistic? Experts think not. Achieving such acceleration would require forces 2.8 times stronger than gravity, which would likely leave drivers feeling dizzy or worse. Adding rockets may sound cool, but making them practical – or safe – on public roads is another story. And the idea of a "flying car" raises even more questions, from engineering challenges to FAA regulations. In short, the Tesla Roadster feels more like a fantasy than a car you'll see in your driveway anytime soon.
Trending: <a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a>
<h2 class="wp-block-heading">BYD's Yangwang U9 – A Real-Life Marvel</h2>
While Tesla's Roadster remains a promise, BYD has delivered the goods. Their <a href="https://www.benzinga.com/news/24/09/41043074/byd-makes-a-red-yangwang-u9-supercar-for-its-9-millionth-new-energy-vehicle">Yangwang U9</a> is an all-electric hypercar with jaw-dropping capabilities. Priced at $236,000, the U9 features a 1,287-horsepower drivetrain that goes from 0 to 60 mph in 2.36 seconds, rivaling Tesla's Model S Plaid. But it's the car's suspension system that sets it apart.
<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">BYD&#39;s new &quot;jumping suspension&quot; feature on its Yangwang U9 supercar allows it to clear potholes&#8230;and road spikes <a href="https://t.co/4dKQmqJFOM">pic.twitter.com/4dKQmqJFOM</a>
&mdash; Electrek.co (@ElectrekCo) <a href="https://twitter.com/ElectrekCo/status/1876654085195304972?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Using BYD's DiSus-X intelligent suspension, the U9 can leap up to six meters forward to clear potholes, road spikes and other obstacles. In a recent demo, the self-driving car hit 75 mph and jumped over an eight-foot pothole without a human behind the wheel. This system also lets the car "dance" to music and even drive with three wheels, making it a true engineering showpiece.
See Also: ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a>
<a href="https://www.benzinga.com/news/24/03/37502601/tesla-rival-byd-drops-price-of-its-cheapest-ev-model-in-china-amid-fierce-war-for-market-share">BYD is known for its affordable EVs</a>, but the Yangwang brand represents its move into the luxury space. In addition to the U9, the range features unusual cars like an SUV that can float on water for 30 minutes in an emergency. The company's innovations aren't just for show – they're part of a larger strategy to challenge Tesla's dominance in high-end and affordable EV markets.
While Musk's Tesla continues to grab headlines with bold claims and delayed promises, BYD is quietly reshaping the EV landscape with practical, high-performance vehicles that push boundaries. The U9 may not fly or reach rocket-assisted speeds, but it's a real car you can buy.
The question is: will Tesla's elusive Roadster ever live up to its hype or has BYD already leaped ahead in the EV race?
Read Next:
<ul>
<li>According to Juniper Research, the total value of B2B cross-border payments stored on the blockchain is projected to exceed $4.4 trillion — <a href="https://www.benzinga.com/money/web3-enabler-future-of-enterprise-transactions">Join the first company to bring blockchain payments to Salesforce early with just $100.</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>

Musk's Rocket-Powered Tesla Roadster Is MIA, But A Chinese Automaker Unveils A $236k Self-Driving Car That Can Jump Over Potholes And Spikes

The Trump administration is mounting an aggressive push this weekend to secure Senate support for <a href="https://www.benzinga.com/topic/tulsi-gabbard" target="_blank" rel="noreferrer noopener">Tulsi Gabbard</a>'s nomination as Director of National Intelligence (DNI), according to Axios. With the Senate Intelligence Committee vote looming, officials are scrambling to ensure Gabbard, a former Democratic congresswoman and military veteran, clears the crucial first hurdle in her confirmation process.
Senate Republican Conference Chairman Tom Cotton (R-Ark.) has transformed the conference's official X account into a makeshift Gabbard "war room," underscoring the urgency of the administration's efforts. To advance her nomination to the full Senate, Gabbard needs to secure every Republican vote on the Intelligence Committee, though skepticism among some GOP senators threatens to derail her path. The committee includes nine Republicans and eight Democrats.
<h2 class="wp-block-heading">What's The Problem? Mostly Edward Snowden</h2>
The administration's lobbying efforts are reportedly focused on persuading Sen. Todd Young (R-Ind.), who, along with other senators, pressed Gabbard during her confirmation hearing over her reluctance to label whistleblower Edward Snowden a "traitor."
It seems no one has forgotten that Gabbard <a href="https://www.benzinga.com/news/24/12/42257381/snowden-finds-unexpected-allies-in-trumps-new-team">co-sponsored a resolution</a> in 2020 calling for the U.S. to dismiss all charges against Snowden, who has been living in Russia since 2013 after he leaked of classified documents from the National Security Agency.
<h2 class="wp-block-heading">Will Trump Step In? Most Likely</h2>
President Donald Trump is apparently considering direct outreach to the committee's Republicans to reassure them he has no intention of pardoning Snowden. 
"The president isn&#8217;t really talking about pardoning Snowden, but if that&#8217;s a guarantee they want to get Tulsi confirmed, the president will have those conversations,&#8221; an anonymous senior White House official <a href="https://www.axios.com/2025/02/01/trump-tulsi-gabbard-senate-intelligence">told</a> Axios.
A member of the Hawaii Army National Guard who deployed to Iraq with a medical unit, <a href="https://www.benzinga.com/markets/cannabis/23/02/30743988/breaking-the-chains-of-cannabis-criminalization-tulsi-gabbards-fight-for-legalization-from-grine">Gabbard also supports</a> federal legalization of marijuana. Her outspoken stances over the years, including opposing mainstream intelligence views on Russia, are now raising questions about how she would oversee the nation&#8217;s 18 intelligence agencies with a combined budget of approximately $70 billion.
<h2 class="wp-block-heading">Get On Board Or You&#8217;re Out</h2>
Meanwhile, MAGA-aligned activists are warning of primary challenges against any Republican senator who opposes Gabbard. "We are 100% serious," Turning Point Action spokesperson Andrew Kolvet said in a statement reported by Axios. "GOP senators in red states will open themselves up to well-funded, well-organized primary challenges if they stand in the way of confirming the Cabinet the president wants and the American people voted for."
Now Read:
<ul>
<li><a href="https://www.benzinga.com/25/02/43418661/trump-announces-new-tariffs-on-goods-from-canada-mexico-and-china-will-go-into-effect-from-feb-1">Trump Announces New Tariffs On Goods From Canada, Mexico And China: Will Go Into Effect From Feb 1</a></li>
</ul>
Photo: Shutterstock

Cannabis

Government

Trump Camp Threatens GOP Holdouts: Confirm Tulsi Gabbard For DNI Or Face Reelection Backlash

Esteemed American financier Peter Lynch imparted some key investment wisdom, underscoring the significance of patience, basic arithmetic, and a <a href="https://www.benzinga.com/news/stock-split/25/01/42804677/investment-guru-peter-lynch-if-you-invest-only-in-an-index-youll-never-beat-it-brushing-up-on-stock-picking-skills-is-wise">keen focus on a company&#8217;s fundamentals</a>.
What Happened: In one of his books, One Up on Wall Street, he has highlighted some of the most insightful investment thoughts and guideances. 
Lynch, who achieved an impressive 29.2% annual return during his time at the Fidelity Magellan Fund, underscored the crucial role of patience in investment. He said in the book, &#8220;If&nbsp;you invest $1,000 in a&nbsp;stock, all you can lose&nbsp;is $1,000, but you stand&nbsp;to gain $10,000 or even&nbsp;$50,000 over time if you're&nbsp;patient.&#8221;
Contrary to widespread belief, Lynch argued that basic arithmetic skills are all one needs for successful investing. He stated, &#8220;All&nbsp;the math you need in&nbsp;the stock market you get&nbsp;in the fourth grade.&#8221; He emphasized the importance of understanding a company&#8217;s fundamentals rather than relying on intricate mathematical analysis.
Also Read: <a href="https://www.benzinga.com/markets/25/01/42935107/peter-lynchs-money-making-advice-when-things-go-from-terrible-to-semi-terrible-to-ok-you-can-make-a-lot-of-money">Peter Lynch&#8217;s Money-Making Advice: &#8216;When Things Go From Terrible to Semi-Terrible to OK, You Can Make a Lot of Money&#8217;</a>
Lynch also encouraged investors to concentrate on the companies themselves, rather than the stocks. He argued that aspects such as a company&#8217;s product lineup,&nbsp;growth potential, competitive advantages, and&nbsp;financial health are more indicative of its long-term performance than short-term market fluctuations.
Lynch reminded investors that losses are an inevitable part of investing and that there&#8217;s no disgrace&nbsp;in losing money on a&nbsp;stock. He stressed the importance of focusing&nbsp;on company fundamentals and industry&nbsp;outlook over short-term performance.
"There's no shame in losing money on a stock. Everybody does it. What is shameful is to hold on to a stock, or worse, to buy more of it when the fundamentals are deteriorating," he wrote in the book. &nbsp;
Why It Matters: Lynch&#8217;s insights serve as a timely reminder for investors, particularly those in their 60s, to focus on the long-term potential of their investments. His emphasis on patience, basic math, and company fundamentals over complex analysis and short-term market shifts provides a valuable perspective in today&#8217;s volatile market environment. 
His advice could potentially help investors make more informed decisions, mitigate losses, and maximize returns.
Read Next
<a href="https://www.benzinga.com/markets/24/12/42499608/investment-guru-peter-lynch-if-you-cant-explain-to-an-11-year-old-in-2-minutes-or-less-why-you-own-t" target="_blank" rel="noreferrer noopener">Investment Guru Peter Lynch: ‘If You Can&#8217;t Explain To An 11-Year-Old In 2 Minutes Or Less Why You Own The Stock, You Shouldn&#8217;t Own It&#8217;</a>

Peter Lynch's Stock Tips: 'There's No Shame In Losing Money On A Stock, What Is Shameful Is To Hold On To A Stock When Fundamentals Are Deteriorating'

Famed investor&nbsp;Ray Dalio&nbsp;has forecasted China&#8217;s supremacy in the AI industry. Concurrently, Chinese AI startup&nbsp;DeepSeek&nbsp;has caused a significant disturbance in the tech market.
What Happened: Dalio expects&nbsp;China to leverage its manufacturing&nbsp;capabilities in the AI race, similar to its strategy with electric vehicles. He pointed out that leading AI firms like&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) are confronted with &#8220;risk issues.&#8221;
Dalio underscored China&#8217;s potential in the AI sector, saying,&nbsp;&#8220;I think the Chinese are&nbsp;a bit behind in the&nbsp;chips, but they&#8217;re ahead in&nbsp;the applications.&#8221; He envisions China&#8217;s plan to involve low-cost chips integrated into manufactured products, such as robotics.
&#8220;You want to invest in productivity, but there&#8217;s great disruption, great disruption, that&#8217;s going to take place, and they&#8217;re going to be the disruptors and the disruptees,&#8221; Dalio told the outlet.
DeepSeek, a Chinese AI startup, recently grabbed headlines with the launch of its R1 model, creating a buzz in Silicon Valley and resulting in a significant decline in tech stocks. Nvidia&#8217;s market cap plummeted by nearly $600 billion in the aftermath of the news, reports <a href="https://www.businessinsider.com/ray-dalio-deepseek-china-chips-nvidia-2025-1">the</a> Insider.
Also Read: <a href="https://www.benzinga.com/markets/25/01/42805138/ray-dalios-timeless-advice-if-you-dont-own-gold-you-know-neither-history-nor-economics">Ray Dalio&#8217;s Timeless Advice: &#8216;If You Don&#8217;t Own Gold, You Know Neither History Nor Economics&#8217;</a>
Investors are now reevaluating the substantial&nbsp;investments in AI infrastructure and&nbsp;capital expenditures by companies, particularly in light of potentially cheaper models like DeepSeek&#8217;s. An Nvidia spokesperson recognized DeepSeek as an &#8220;excellent AI advancement.&#8221;
Dalio also cautioned investors about the inflated share prices of AI and technology companies, drawing comparisons with the dot-com bubble of the late 1990s.
Why It Matters: The rise of China in the AI sector and the disruptive innovation by DeepSeek have significant implications for the tech industry. China&#8217;s strategy of integrating low-cost chips into manufactured goods could potentially reshape the AI landscape. 
Furthermore, the success of DeepSeek&#8217;s R1 model raises questions about the viability of&nbsp;massive investments in AI infrastructure&nbsp;by companies. 
The market response to these developments, as evidenced by the drop in Nvidia&#8217;s market cap, indicates the potential for a shift in the tech market dynamics.
Read Next
<a href="https://www.benzinga.com/news/24/12/42257531/heres-how-ray-dalio-thinks-trumps-second-term-could-reshape-the-us-and-the-world" target="_blank" rel="noreferrer noopener">Here&#8217;s How Ray Dalio Thinks Trump&#8217;s Second Term Could Reshape the US and the World</a>
Image: Shutterstock

Ray Dalio Predicts China's Rise in AI: Chinese 'Are a Bit Behind in the Chips, But They're Ahead in the Applications'

President Donald Trump&#8217;s pledge to launch America&#8217;s largest deportation operation could face hurdles and could cost nearly $1 trillion over a decade, immigration experts and former officials warn.
The American Immigration Council estimates that deporting 11 million unauthorized immigrants would require building 216 new detention facilities yearly for more than a decade, each costing $36 million to build and $48 million annually to operate.
&#8220;It&#8217;s going to be impossible for them to achieve the goal that they set out — which is really getting rid of all the illegal immigrants in the United States,&#8221; David Bier, director of immigration studies at the Cato Institute, said to the Financial Times.
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li><a href="https://www.benzinga.com/money/qnetic-2">This 12,000 RPM Spinning Battery With Over $100 Million In LOIs Could Be The Missing Link For Green Energy — Here&#8217;s Why Early Investors Are Flocking To Invest Before Funding Closes</a></li>
</ul>
Early enforcement actions show the scale of the challenge. ICE <a href="https://www.benzinga.com/news/25/01/43219483/trumps-immigration-enforcement-raids-begin-in-chicago-gov-pritzker-concerned-innocent-could-be-targeted">arrested 956 people Sunday</a>, the largest single-day total under the new administration. Yet even at the heightened pace, deportations would fall far short of Trump&#8217;s targets.
Immigration facilities already strain under current operations. ICE can detain 41,500 people at once, while border czar Tom Homan says he needs &#8220;at least 100,000 beds&#8221; to meet the administration&#8217;s goals.
&#8220;It&#8217;s not like you just flip a switch and immediately start rounding people up and sending them to the border,&#8221; John Torres, former ICE acting director during the George W. Bush and Obama administrations, said to the Financial Times.&nbsp;
Trending: Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-nancy-pelosi">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000</a>
Current deportation numbers—271,484 in fiscal 2024—pale against Trump&#8217;s million-plus annual target.
The court system presents another bottleneck. Immigration courts face a 3.6-million-case backlog, up from 656,000 in 2017. Most deportations require court proceedings unless immigrants have existing removal orders.
Private prison companies like GEO Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEO#NYSE">GEO</a>) and CoreCivic Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) have seen their stock prices surge since the election. CoreCivic CEO Damon Hininger said his company could quadruple its current 10,000-bed capacity within six months, but building and staffing new facilities would strain federal resources.
See Also: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
Republicans promise $100 billion for border security and enforcement, but experts say it falls far short. Former ICE Chief of Staff Jason Houser said, &#8220;There is no way they have the staff, the money and the resources and the legal authority&#8221; for mass deportations. The plan faces additional resistance from &#8220;sanctuary&#8221; jurisdictions that refuse to cooperate with federal immigration enforcement. While <a href="https://www.benzinga.com/news/25/01/43216758/well-go-as-far-as-im-allowed-trumps-plan-with-immigrants-starts-with-1-million-deportations">Trump threatens to withhold federal funding from those areas</a>, similar attempts during his first term were blocked by courts.
Constitutional hurdles also loom. The administration&#8217;s expanded &#8220;expedited removal&#8221; policy, allowing deportations without court review for those who can&#8217;t prove two years of U.S. residency, already faces legal challenges.&nbsp;
The American Civil Liberties Union calls it a &#8220;cheat code to circumvent due process and the constitution.&#8221;
Read Next:
<ul>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
<li><a href="https://www.benzinga.com/money/62-years-old-with-1-mil-saved">I&#8217;m 62 Years Old And Have $1.2 Million Saved. Is This Enough to Retire Stress-Free?</a> </li>
</ul>

'It's Going To Be Impossible': Experts Doubt Feasibility Of Trump's Deportation Plan — Experts Estimate Nearly $1 Trillion Spend In 10 Years

Arab foreign ministers have reportedly rejected U.S. President Donald Trump&#8217;s suggestion to transfer Palestinians from Gaza to neighboring Egypt and Jordan, calling it a destabilizing<a href="https://www.benzinga.com/25/01/43011383/israel-gaza-ceasefire-hostage-exchange" target="_blank" rel="noreferrer noopener"> move that would threaten peace in the region</a>,
In order to reaffirm their commitment to upholding Palestinians&#8217; rights to their land, ministers from Egypt, Jordan, Saudi Arabia, Qatar, the UAE, the Palestinian Authority, and the Arab League issued a joint statement following a meeting in Cairo, Reuters reports.
The statement condemned any attempts to displace Palestinians or alter the status of Gaza, which they consider an integral part of a future independent Palestinian state.
Trump&#8217;s suggestion came after 15 months of Israeli bombardment that left much of Gaza in ruins and millions homeless.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/25/01/43013312/defense-stocks-fall-on-gaza-ceasefire-while-broader-market-rallies-whats-going-on" rel="noreferrer noopener">Defense Stocks Fall On Gaza Ceasefire While Broader Market Rallies: What&#8217;s Going On?</a>
He had proposed that Egypt and Jordan take in Gazans, a proposal quickly rejected by both countries, as well as by Egypt&#8217;s President Abdel Fattah al-Sisi.
&#8220;Displacement of the Palestinian people from their land is an injustice that we cannot take part in,&#8221; Fattah al-Sisi added, Al Jazeera <a href="https://www.aljazeera.com/news/2025/2/1/arab-ministers-reject-trumps-call-to-displace-palestinians-from-gaza">reports</a>.
Critics argue that the proposal could lead to ethnic cleansing, as it would force Palestinians to leave their homeland.
The Arab foreign ministers also expressed support for Egypt&#8217;s efforts to host an international conference with the United Nations to rebuild Gaza, although no date has been set.
They emphasized the need for a peaceful resolution based on a two-state solution, reaffirming their desire to work with the U.S. administration to achieve lasting peace in the Middle East.
The rejection of Trump&#8217;s idea underscores the deep sensitivities surrounding the fate of Palestinians and the ongoing conflict in Gaza.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42948649/goldman-sachs-warns-of-90-oil-risk-trump-may-not-ease-sanctions-once-he-takes-office" target="_blank" rel="noreferrer noopener">Oil Could Hit $90, Goldman Sachs Says: &#8216;Trump May Not Ease Sanctions&#8217; On Russia</a></li>
</ul>

General

Arab Nations Reject Trump's Controversial Gaza Plan: Here's Why

<h2 class="wp-block-heading">Federal Judge Orders $5.9 Billion Fine In Ponzi Scheme Case </h2>
Chief Judge David Godbey of the Dallas federal court on Wednesday ordered Allen Stanford to pay a $5.9 billion civil fine, ending the Securities and Exchange Commission&#8217;s 16-year<a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35615187/sam-bankman-fried-joins-the-list-of-convicted-billionaires-but-who-leads-the-winnerslosers"> lawsuit against Stanford. </a>
Stanford is serving a 110-year prison sentence after being convicted in 2012 of defrauding investors in a $7.6 billion ponzi scheme, according to a Reuters report. Authorities said Stanford operated an Antigua-based financial institution, Stanford International Bank, and sold fraudulent high-yielding certificates of deposit over a 20 year period. 
Read Next: <a href="https://www.benzinga.com/news/earnings/25/01/43400701/ups-ceo-says-amazon-is-our-largest-but-not-our-most-profitable-customer">UPS CEO Says Amazon Is &#8216;Our Largest,&#8217; But &#8216;Not Our Most Profitable Customer&#8217;</a>
Judge Godbey also ordered Stanford Financial Group's former CFO James Davis to pay $17.66 million and its former chief accounting officer Gilberto Lopez to pay $3.42 million related to their roles in the fraud.&nbsp;
<h2 class="wp-block-heading">SEC Chairman Appoints New Staff Members</h2>
The Securities and Exchange Commission on Thursday <a href="https://www.sec.gov/newsroom/press-releases/2025-34">announced </a>Acting Chairman&nbsp;
Mark T. Uyeda has named Natalia Díez Riggin as Senior Advisor and Acting Director of the Office of Legislative and Intergovernmental Affairs.&nbsp;&nbsp;
"I'm thrilled that Natalia has joined us after her tenure working for Chairman Scott on the Senate Banking Committee," Acting Chairman Uyeda said. "Her expertise will help guide us as we focus our efforts at the SEC on capital formation and ensuring companies aren't impeded by ineffective regulation."
Last Saturday, Acting Chairman Uyeda selected several senior staff members to replace recent departures from the SEC.&nbsp;
The SEC senior staff selected by Acting Chairman Uyeda include:
<ul>
<li>Jeffrey Finnell, Acting General Counsel</li>
<li>Robert Fisher, Acting Director of the Division of Economic and Risk Analysis</li>
<li>Kathleen Hutchinson, Acting Director of the Office of International Affairs</li>
<li>Samuel Waldon, Acting Director of the Division of Enforcement</li>
<li>Ryan Wolfe, Acting Chief Accountant </li>
</ul>
"These talented individuals are committed to protecting the investing public, building trust with American companies and market participants, and promoting capital formation," Acting Chairman Uyeda said.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/01/43320124/microsoft-shares-slide-after-q2-results-cloud-revenue-misses-expectations-details">Microsoft Shares Slide After Q2 Results, Cloud Revenue Misses Expectations: Details</a> </li>
</ul>
Image: Shutterstock

Legal

Financial Crime Weekly: Judge Orders $5.9 Billion Fine In Ponzi Scheme Case, SEC Chairman Appoints New Staff Members

Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), the AI behemoth that has been in the headlines for its artificial intelligence platform, has been the forerunner in providing data analytics tools to government customers for intelligence gathering,<a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43420044/benzinga-bulls-and-bears-nvidia-palantir-rigetti-computing-and-shiba-inu-hints-at-major-partnership" target="_blank" rel="noreferrer noopener"> counterterrorism, and military purposes</a>.
The rise of China&#8217;s DeepSeek, with its open-source AI model and lower development costs, raises the question of how it might impact the future growth of Palantir&#8217;s <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43267966/deepseeks-low-cost-model-reshapes-ai-landscape-experts-predict-shift-to-application-layer" rel="noreferrer noopener">stock in an increasingly competitive market</a>.
CEO Alex Karp recently discussed the growing competition in artificial intelligence from DeepSeek, which has raised apprehensions about the U.S.&#8217;s position in the AI race.
In an <a href="https://www.cnbc.com/2025/01/31/palantir-ceo-says-chinas-deepseek-shows-need-for-all-country-effort.html" target="_blank" rel="noreferrer noopener">interview</a> with CNBC, Karp stressed the urgency for the U.S. to accelerate its AI development in light of these emerging threats. He acknowledged that technology, while beneficial, could be misused, especially in the hands of adversaries, and emphasized the need for a coordinated national effort to safeguard American innovation.
Karp remains optimistic that national security will help protect U.S. advancements from manipulation or theft.
Palantir is set to report its <a href="https://www.benzinga.com/earnings" target="_blank" rel="noreferrer noopener">fourth-quarter earnings on Monday</a>. The street view for the adjusted earnings per share stands at 11 cents, while the analyst consensus estimate for revenues is $775.907 million.
DeepSeek, an open-source AI model, recently overtook OpenAI&#8217;s ChatGPT as the top free app on Apple&#8217;s U.S. App Store, shaking the tech world.
Read Also: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43250480/nvidia-sinks-below-200-day-average-for-first-time-in-2-years-deepseek-technical-reset" rel="noreferrer noopener">Nvidia Sinks Below 200-Day Moving Average For First Time In 2 Years As DeepSeek Sparks Historic Technical Reset</a>
This success raised questions about the costs of developing AI models, particularly in comparison to the enormous investments made by tech giants like NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Karp expressed doubt about the reported low cost of DDeepSeek&#8217;sdevelopment, stating that he does not fully believe the estimates surrounding the mmodel&#8217;screation.
Palantir, a company valued at nearly $200 billion, has seen substantial growth, largely due to increasing demand for AI solutions.
Karp credited the ccompany&#8217;ssuccess to the focus on improving U.S. technological capabilities, positioning Palantir as a leader in the AI space.
In addition to discussing AI, Karp also addressed political controversies, offering support for Israel following the October 7 attack and defending Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk against allegations related to political gestures. Karp also took a firm stance on illegal immigration, asserting that individuals who enter the U.S. illegally, particularly those engaged in criminal activity, should not be allowed to stay.
Read now:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43254923/7-ai-infrastructure-stocks-plunge-over-20-outpace-semiconductor-rout-as-deepseek-upends-investment-landscape" target="_blank" rel="noreferrer noopener">7 AI Infrastructure Stocks Plunge Over 20%, Outpace Semiconductor Rout As DeepSeek Upends Investment Landscape</a></li>
</ul>
Image: Shutterstock

PLTR

TSLA

Palantir CEO Alex Karp Sounds Alarm on China's Deepseek – Could This Threaten Palantir's AI Dominance?

Elon Musk&#8216;s X has expanded its antitrust lawsuit, incorporating more prominent advertisers into the list of defendants. The lawsuit charges these advertisers with a collective conspiracy to boycott advertising<a href="https://www.benzinga.com/news/24/02/37301290/elon-musk-is-still-attempting-to-defend-hateful-speech-amid-xs-growing-pains-and-public-backlash-rep"> on the platform after Musk&#8217;s takeover</a>.
What Happened:&nbsp;X has now included&nbsp;Nestlé, Abbott Laboratories, Colgate, Lego,&nbsp;Pinterest, Tyson Foods, and Shell&nbsp;in its lawsuit, which was initially filed in August. The lawsuit&nbsp;alleges that members of the&nbsp;now-dissolved&nbsp;Global Alliance for Responsible Media&nbsp;(GARM) unlawfully conspired to withhold billions in advertising revenue from X.
The&nbsp;World Federation of Advertisers (WFA),&nbsp;CVS Health, Mars, Ørsted, and&nbsp;Twitch are also named as&nbsp;defendants in the case. The&nbsp;WFA has previously declared its intention to fight the suit, asserting its compliance with competition law.
As <a href="https://www.businessinsider.com/elon-musk-x-adds-more-advertisers-to-antitrust-lawsuit-2025-2">per </a>Business Insider, the lawsuit&nbsp;claims that at least 18&nbsp;GARM members stopped advertising on Twitter between November and December 2022, following Musk&#8217;s acquisition of the platform. 
Also Read: <a href="https://www.benzinga.com/general/social-media/25/01/42805588/elon-musk-announces-changes-to-x-over-negativity-concerns-too-much-negativity-is-being-pushed">Elon Musk Announces Changes to X Over Negativity Concerns: &#8216;Too Much Negativity Is Being Pushed&#8217;</a>
This boycott allegedly led to X becoming a less competitive entity in the digital advertising space and a decrease in user engagement on its platform.
X is demanding trebled compensatory damages&nbsp;and injunctive relief for what&nbsp;it alleges are breaches&nbsp;of US antitrust laws. The&nbsp;WFA, Diageo, and&nbsp;WPP are also facing a&nbsp;similar lawsuit from video site Rumble.
Why It Matters: The expansion of this lawsuit underscores the ongoing tension between X and major advertisers following Musk&#8217;s takeover. The outcome of this case could have significant implications for the digital advertising industry and competition law. 
If X&#8217;s allegations are proven, it could potentially reshape the dynamics of the digital advertising space and set a precedent for future cases involving alleged anti-competitive behavior.
Read Next
<a href="https://www.benzinga.com/news/24/12/42716098/musk-to-arnault-heres-a-look-at-2024s-billionaire-boom-and-bust-who-gained-and-who-lost" target="_blank" rel="noreferrer noopener">Musk To Arnault: Here's A Look At 2024's Billionaire Boom and Bust, Who Gained and Who Lost</a>

Elon Musk's X Bolsters Antitrust Lawsuit With Additional Advertisers

Tom Brady's exclusive Indian Creek Island mansion is making waves in the Miami real estate scene, with bids reportedly topping $150 million, according to Bloomberg. If the sale goes through, it could shatter Miami's single-family home sale record, previously set at $107 million in 2022 when Ken Griffin purchased a Coconut Grove estate.
The football legend's two-acre estate, which he built from the ground up, is located on <a href="https://www.benzinga.com/real-estate/24/10/41119140/how-indian-creek-village-became-a-fortress-for-the-ultra-wealthy-home-to-50-million-mansions-and-247">Indian Creek Island</a>, often referred to as the "Billionaire Bunker." Brady originally bought the vacant lot for $17 million in 2020 alongside his then-wife, supermodel Gisele Bündchen. Since then, he has designed a sprawling waterfront property featuring a two-story home, a private gym, a cabana and a pool, among other high-end amenities, as reported by property records.
Don't Miss:
<ul>
<li>CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast —<a href="https://www.benzinga.com/money/integris"> here&#8217;s how to invest in their private credit fund that targets 12% annual interest rate.</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/go/arrived-private-credit-yf">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>
According to sources familiar with the luxury real estate market, Brady's mansion isn't officially listed but is being quietly shopped to select buyers. Bloomberg's sources revealed that offers exceeding $150 million are already on the table, showcasing just how much demand there is for prime real estate on Indian Creek Island.
<h2 class="wp-block-heading">The Bezos Effect</h2>
Indian Creek has always been a haven for the ultra-wealthy, but property values have skyrocketed in recent years, in part <a href="https://www.benzinga.com/real-estate/24/04/38075377/jeff-bezos-buys-90-million-florida-mansion-to-live-in-while-his-other-newly-purchased-147-million-ho">due to Jeff Bezos</a>. The Amazon founder has spent $230 million acquiring three properties on the island since 2023, boosting its already sky-high real estate profile. According to Bloomberg, a nearby vacant lot purchased for $27.5 million in 2018 is now being <a href="https://www.benzinga.com/news/24/12/42715900/jeff-bezos-neighbor-lists-vacant-miami-lot-for-200-million-after-buying-it-for-just-27-5m">marketed for an eye-popping $200 million</a>.
Luxury broker Ilya Reznik told Business Insider in December that new builds on the island command a premium, with buyers willing to pay enormous sums for modern amenities and exclusivity. &#8220;This is just what&#8217;s going on in Miami,&#8221; Reznik told BI. Brady's estate fits this mold perfectly and could reset the bar for high-end Miami real estate.
Trending: Unlock the hidden potential of commercial real estate —<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=unlockboost-yahoo"> This platform allows individuals to invest in commercial real estate offering a 12% target yield with a bonus 1% return boost today!</a>
<h2 class="wp-block-heading">A Record-Breaking Sale?</h2>
If Brady's property sells for more than $150 million, it would set a record for single-family homes in Miami. The potential sale highlights Indian Creek's growing reputation as one of the most expensive and exclusive communities in the United States.
The human-made island is home to just 40 residences spread across 300 acres, offering unmatched privacy and security. Its single-access bridge is guarded by a dedicated police force, ensuring the utmost discretion for its billionaire residents who include Carl Icahn, <a href="https://www.benzinga.com/real-estate/24/11/41912517/inside-ivankas-24-million-billionaire-bunker-mansion-with-a-15-million-mortgage">Ivanka Trump, Jared Kushner</a> and, of course, Jeff Bezos.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/go/arrived-private-credit-yf">Arrived Home's Private Credit Fund&#8217;s has historically paid an annualized dividend yield of 8.1%&#x2A;</a>, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum.<a href="https://www.benzinga.com/go/arrived-private-credit-yf"> </a></li>
<li>Commercial real estate has historically outperformed the stock market, and<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=stockmarket-yahoo"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a></li>
</ul>

Tom Brady's Billionaire Bunker Estate Gets $150 Million Offers – Could Break Miami Single-Family Home Sale Record In Part Thanks To Jeff Bezos

Secretary of State <a href="https://www.benzinga.com/topic/marco-rubio" target="_blank" rel="noreferrer noopener">Marco Rubio</a><a href="https://www.benzinga.com/topic/marco-rubio" target="_blank" rel="noreferrer noopener">&#8216;s</a> upcoming visit to Panama is expected to offer crucial insight into the direction of U.S. foreign policy, particularly in Latin America, <a href="https://www.benzinga.com/startups/25/01/43036986/trumps-2-5-billion-power-play-what-seizing-the-panama-canal-would-cost" target="_blank" rel="noreferrer noopener">under the Trump administration</a>.
Amid rising tensions over the Panama Canal, the visit could signal whether U.S. policy will take a more aggressive, imperial approach or a pragmatic, negotiation-focused stance, Reuters reports.
The controversy began when President Trump made threatening remarks regarding Panama&#8217;s control over the canal, raising fears of a potential American invasion. Former Panama President Ernesto Pérez Balladares voiced concerns about the potential for significant casualties and international condemnation if U.S. aggression escalates.
Despite the heightened rhetoric, Trump&#8217;s envoy to Latin America, Mauricio Claver-Carone, appeared to offer a more practical solution by suggesting that Panama might preemptively offer the U.S. Navy and Coast Guard free transit through the canal as a means to avoid further tension, Reuters adds.
Read Also:<a target="_blank" href="https://www.benzinga.com/25/02/43418661/trump-announces-new-tariffs-on-goods-from-canada-mexico-and-china-will-go-into-effect-from-feb-1" rel="noreferrer noopener"> Trump Announces New Tariffs On Goods From Canada, Mexico And China: Will Go Into Effect From Feb 1</a>
Despite these efforts, there remains significant uncertainty about the future of U.S.-Panama relations.
In private conversations, Panamanian officials have dismissed Trump&#8217;s claims about a Chinese military presence in the canal, emphasizing that transit fees are legally set and apply to all nations.
Panama&#8217;s political elite has made it clear that the canal&#8217;s status is non-negotiable, with President José Raúl Mulino strongly defending Panama&#8217;s sovereignty over the waterway, which was handed over from the U.S. in 1999.
In response to Trump&#8217;s threats, Panama has already taken some conciliatory steps, including increasing audits on the port operations managed by Hong Kong-based CK Hutchison Holdings LTD (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CKHUY#OTC">CKHUY</a>), a company involved in the canal&#8217;s operations.
However, these moves have done little to calm the diplomatic storm. While some within the Trump administration suggest that the rhetoric should not be taken literally, others remain firm in asserting U.S. dominance in the region.
As Rubio prepares to visit Panama, there is a glimmer of hope that diplomacy may de-escalate the situation.
The U.S. State Department recently indicated a shift towards fostering a more cooperative relationship with Panama, emphasizing the mutual benefits of a strong partnership rather than attempting to exert unilateral pressure.
Ultimately, Rubio&#8217;s visit will be a critical test of whether the Trump administration can balance aggressive rhetoric with practical diplomacy, ensuring that both U.S. interests and Panamanian sovereignty are respected moving forward.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/43417749/elon-musks-aides-block-government-workers-from-federal-data-systems-report" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Aides Block Government Workers From Federal Data Systems: Report</a></li>
</ul>

CKHUY

Marco Rubio's Panama Visit: Will Trump's Aggressive Rhetoric Lead to War or Diplomacy?

On Jan. 26, <a href="https://www.youtube.com/watch?v=rPso1-N9O9s">Face the Nation </a>host Margaret Brennan grilled Vice President JD Vance on the administration's plans to tackle rising grocery prices. Her question was straightforward: "You campaigned on lowering prices for consumers. Which executive order lowers prices?"
Vance, however, sidestepped specifics, focusing instead on broader goals. "We've done a lot, and there have been a number of executive orders that have already caused jobs to start coming back into our country, which is a core part of lowering prices," he said. But he didn't name a single order targeting grocery costs directly.
Don't Miss:
<ul>
<li>How do billionaires pay less in income tax than you?<a href="https://www.benzinga.com/money/tax-deferring-adv"> Tax deferring is their number one strategy</a>.</li>
<li>Nancy Pelosi Invested $5 Million In An AI Company Last Year — <a href="https://www.benzinga.com/money/elf-labs-nancy-pelosi">Here's How You Can Invest In Multiple Pre-IPO AI Startups With Just $1,000</a></li>
</ul>
Brennan didn't let up, pushing him on when Americans might see relief, particularly for staples like eggs—an item that became a hot-button issue on the campaign trail. <a href="https://www.benzinga.com/personal-finance/24/10/41250565/trump-and-dave-ramsey-break-down-8-eggs-5-gas-and-7-interest-rates-can-anyone-afford-a-house-in-">Egg prices</a> have been through the roof.&nbsp;
According to the U.S. Bureau of Labor Statistics, they jumped a whopping 36.8% between December 2023 and December 2024. A combination of an ongoing bird flu outbreak and state laws requiring cage-free production has put intense pressure on supplies.
"Prices are going to come down, but it's going to take a little bit of time," Vance assured, adding, "The president has been president for all of five days, and in those five days, he's accomplished more than Joe Biden did in four years."
Trending: Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a>
Still, many experts say lowering food prices isn't as simple as signing executive orders. Patrick Penfield, a supply chain expert at Syracuse University, told the New York Post that egg prices could climb another 20% this year, possibly reaching $5 a dozen in some areas.
"The avian flu outbreak has been devastating, and complying with cage-free laws adds significant costs," he explained.
Brennan also called out the administration's priorities, noting that most of Trump's recent executive orders haven't focused on the economy. While Vance claimed "many of them were," he didn't back it up with examples.
See Also: <a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a>
Meanwhile, broader inflation trends add to the complexity. Food prices rose by 2.5% overall last year, and the current inflation rate sits at 2.9%, according to the Bureau of Labor Statistics.&nbsp;
While that's within manageable levels, experts like Federal Reserve Chair Jerome Powell warn against aiming for outright deflation, which historically has led to economic crises like the Great Depression.
To make matters trickier, <a href="https://www.benzinga.com/government/regulations/24/11/42213610/hasbro-best-buy-brace-as-trumps-tariffs-loom-could-retail-margins-hit-rock-bottom">proposed tariffs on imports</a> from major trading partners like Canada and Mexico could push grocery prices higher. The U.S. imports roughly 15% of its food supply, and new tariffs could make everyday items like beef, tomatoes, and avocados even more expensive, according to Eater.
Read Next:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
</ul>

'Which Executive Order Lowers Prices?': CBS Host Brennan Grills JD Vance On Trump's Economic Promises

The crypto market might be in for a surprise as a well-known crypto analyst predicts a significant rally for a competitor of&nbsp;Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Shiba Inu&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>).
What Happened: The analyst, known as Inmortal, shared on X platform that the meme coin Floki (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">FLOKI</a>) is showing a Relative Strength Index (RSI) pattern similar to one that previously resulted in a 200% price surge. 
&#8220;Last&nbsp;time we reached this RSI&nbsp;level we bottomed and pumped&nbsp;200% One of my fav&nbsp;charts right now,&#8221; Inmortal stated.
<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">Last time we reached this RSI level we bottomed and pumped 200% One of my fav charts right now.<a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> <a href="https://t.co/qyRlm2SLJp">pic.twitter.com/qyRlm2SLJp</a>
&mdash; Inmortal (@inmortalcrypto) <a href="https://twitter.com/inmortalcrypto/status/1884709100640231670?ref_src=twsrc%5Etfw">January 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The RSI is a tool used to determine whether an asset is overbought or oversold. At the time of the report, FLOKI was trading at $0.000144, marking a 13.2% increase in the last 24 hours.
Inmortal also pointed out a change in the altcoin cycle, forecasting multiple altseasons with funds moving in and out of digital assets, as opposed to a simultaneous rise of most tokens. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37573802/forget-dogecoin-and-shiba-inu-this-meme-coin-has-surged-nearly-70-in-just-24-hours">Forget Dogecoin And Shiba Inu — This Meme Coin Has Surged Nearly 70% In Just 24 Hours</a>
He concluded his analysis by emphasizing the current &#8220;brutal&#8221; market conditions, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) needing only a 5% increase&nbsp;to hit a new all-time&nbsp;high, while many altcoins need a 500% surge to match that.
Why It Matters: The predicted rally for FLOKI is significant as it comes amidst a volatile crypto market. The analyst&#8217;s observation of a shift in the altcoin cycle could indicate a new trend in the crypto market, with funds moving in and out of digital assets rather than a simultaneous surge. 
This could potentially lead to more opportunities for investors to profit from different altcoins at different times. 
Furthermore, the current market conditions, described as &#8220;brutal&#8221; by Inmortal, highlight the potential for significant gains for many altcoins, despite the relatively small increase needed for Bitcoin to reach a new all-time high.
Read Next
<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42027124/forget-dogecoin-and-shiba-inu-this-meme-coin-skyrockets-after-coinbase-hints-at-possible-listing">Forget Dogecoin And Shiba Inu — This Meme Coin Skyrockets After Coinbase Hints At Possible Listing</a>
Image: Shutterstock

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

Cryptocurrency

$BTC

$DOGE

$FLOKI

$SHIB

DOGE

Analyst Forecasts Mammoth 200% Surge for This Dogecoin and Shiba Inu Competitor

South Korea's e-commerce giant, Coupang (CPNG), has surged over 40% this year. Yet, despite this impressive rally, a decline in bottom-line performance raises concerns, leaving investors wondering: Can CPNG keep up its momentum? Read on to find out... Founded in 2010 by Bom Kim, a former Harvard Business School student, Coupang, Inc. (<a href="https://stocknews.com/stock/CPNG/">CPNG</a>) has rapidly become South Korea's e-commerce leader, often earning the title of the "Amazon of South Korea." Shares of CPNG have soared 46.5% over the past nine months and 42.1% year-to-date to close the last trading session at $23.
A question lingers in investors' minds despite this impressive run: can Coupang sustain its upward momentum?
While Coupang's financials have shown mixed signals recently, its second-quarter revenue came in at $7.32 billion, slightly missing the anticipated $7.39 billion. However, on the bright side, its adjusted <a href="https://www.investopedia.com/terms/e/eps.asp">earnings per share</a> of $0.07 exceeded the expected break-even point, delivering a $0.07 surprise.
"This quarter, we continued to see deeper levels of engagement from our customers, powered by our relentless focus on providing even greater levels of selection, service, and savings for customers," said CPNG's CFO Gaurav Anand.
Let's look at factors that could influence CPNG's performance in the upcoming months.
Mixed Financials
In the second quarter of 2024, which ended on June 30, CPNG's net revenue increased 25% year-over-year (or 18% excluding the impact of Farfetch) to $7.32 billion. The company's Product Commerce Active Customers also increased by 12%, reaching 21.7 million, while revenue per active customer rose 5% on a constant currency basis.
Moreover, its gross profit grew 41% year-over-year to $2.14 billion, with a gross margin of 29.3%. CPNG's adjusted EBITDA increased 10% from the year-ago value to $330 million.
However, the company reported an operating loss of $25 million, compared to an operating income of $148 million in the prior year's quarter. In addition, its adjusted attributable net income decreased 14.5% year-over-year to $124 million, and adjusted earnings per share came in at $0.07, down 12.5% year-over-year. CPNG's cash outflow from operating activities declined 33.7% year-over-year to $876 million. 
Mixed Analyst Estimates
Analysts expect CPNG's revenue for the third quarter (ending September 2024) to increase 24.8% year-over-year to $7.72 billion. However, the consensus EPS estimate of $0.01 for the same period indicates a 77.7% year-over-year decline.
Similarly, for the fiscal year ending December 2024, CPNG's revenue is expected to grow 24.4% from the prior year to $30.34 billion, while its EPS for the current year is forecasted to be negative at $0.01.
Stretched Valuation
In terms of forward EV/Sales, CPNG is trading at 1.30x, 7.6% higher than the industry average of 1.21x. Likewise, its forward Price/Sales of 1.36x is 56.8% above the industry average of 0.87x. Furthermore, the stock's forward EV/EBITDA and EV/EBIT multiple of 40.75 and 88.76 compares with the industry averages of 9.76 and 14.24, respectively.
Mixed Profitability
CPNG's trailing-12-month ROCE and ROTA of 31.73% and 6.92% are 175.8% and 69.9% higher than their respective industry averages of 11.50% and 4.08%. Likewise, its trailing-12-month asset turnover ratio of 2.10x is 112.3% above the industry average of 0.99x.
However, the stock's trailing-12-month EBIT and levered FCF margins of 1.14% and 3.95% are below their industry averages by 85.6% and 22.7%, respectively. In addition, the stock's 2.95% trailing-12-month ROTC is 51.7% lower than the 6.11% industry average.
POWR Ratings Exhibit Mixed Prospects
CPNG's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CPNG has a B grade for Momentum is justified by its share price, which is currently trading above its 50-day moving average of $21.64 and 200-day moving average of $19.31.
However, with a five-year beta of 1.10, the stock has earned a grade C for Stability. Also, the stock's C grade for Sentiment is consistent with its mixed analysts' estimates.
CPNG is ranked #42 out of 52 stocks in the B-rated <a href="https://stocknews.com/category/internet/">Internet</a> industry. <a href="https://stocknews.com/stock/CPNG/">Click here</a> to access CPNG's Growth, Value, and Quality ratings.
Bottom Line
CPNG remains dominant in South Korea's e-commerce space, but its latest financials raise concerns. While the company exceeded earnings expectations, it missed revenue and customer growth estimates, causing its stock to drop 4.5% immediately following the results. Despite improvements in operational efficiency and adoption of AI-driven automation, the decline in bottom-line performance and mixed analyst forecasts highlight the company's ongoing challenges.
Considering CPNG's higher-than-industry valuation, enhanced volatility, and a slowing retail market in South Korea, it could be wise to wait for a better entry point in this stock now.
How Does Coupang, Inc. (CPNG) Stack Up Against Its Peers?
While CPNG has an overall grade of C, equating to a Neutral rating, you may also check out these A (Strong Buy) or B (Buy) rated stocks within the <a href="https://stocknews.com/category/internet/">Internet</a> industry: Meituan (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>), and Yelp Inc. (<a href="https://stocknews.com/stock/YELP/">YELP</a>). To explore more Internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
CPNG shares were trading at $23.40 per share on Wednesday afternoon, up $0.40 (+1.74%). Year-to-date, CPNG has gained 44.53%, versus a 16.20% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/cpng-mpngy-ddl-yelp-can-coupang-keep-up-its-momentum-as-south-koreas-e-commerce/>Can Coupang Keep up Its Momentum as South Korea's E-Commerce Giant?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Can Coupang Keep up Its Momentum as South Korea's E-Commerce Giant?

The gig is up and in a good way! The global gig economy is set to surge to nearly $2 trillion by 2031. With increasing demand for flexible work and rising global participation, platforms like Fiverr International (FVRR) are leading the charge. Read on to explore why this stock is worth watching as the gig economy expands. The gig economy has been on an unstoppable rise, thanks to the rise of tech-driven freelance marketplaces and on-demand services. What started with ride-sharing apps has now become a full-fledged marketplace for virtually every service imaginable (from food delivery and groceries to finding a plumber or a graphic designer), all with just a few taps on your smartphone.
As digital technologies advance and the work-from-anywhere trend becomes the norm, the gig economy continues to expand. In the past two years alone, about 35 venture-backed companies have raised nearly $800 million, underscoring this space's booming interest and potential. Developing economies also see a surge in gig participation, further fueling this growth.
In this evolving landscape, should you keep an eye on Fiverr International Ltd. (<a href="https://stocknews.com/stock/FVRR/">FVRR</a>)? Let's find out.
Fiverr is a bustling freelance marketplace where people can hire talent from web design to video production, with job postings starting as low as $5. The platform charges a commission on each transaction and offers various subscription options for buyers and sellers. Freelancers on Fiverr can even turn their gigs into full-time careers.
During the Q2 earnings call, CEO Micha Kaufman shared that the company has navigated a challenging macro environment by maintaining operational excellence and delivering profitable growth. He stated, "We've made remarkable strides in our product evolution with the introduction of profession-based catalog and hourly contracts."
Although FVRR saw a dip in traffic in mid-2024, especially in the programming and tech sectors, the company remains optimistic. "Despite a 7% year-over-year decline in U.S. job openings and a 17% drop in the information sector, AI continues to drive growth for Fiverr, particularly in complex services, and is expected to be a growth driver moving forward", Kaufman added.
Shares of FVRR have gained 13.1% over the past six months to close the last trading session at $24.81.
Now, let's look at factors that could influence FVRR's performance in the upcoming months:
Positive Developments
On July 31, FVRR announced <a href="https://investors.fiverr.com/news-releases/news-release-details/fiverr-deepens-ecommerce-solutions-acquisition-leading">the acquisition of AutoDS</a>, a subscription-based drop-shipping platform. AutoDS, which offers tools for product research, inventory management, and automated fulfillment, is expected to significantly boost FVRR's eCommerce capabilities while introducing a new, recurring revenue stream through subscriptions.
Kaufman said the acquisition of AutoDS, which manages over 150 million products and serves tens of thousands of subscribers, supports the company's transition from a marketplace to a platform offering talent and software solutions. Moreover, with the global drop-shipping market expected to soar from $285 billion to over <a href="https://www.oberlo.com/statistics/dropshipping-market">$2 trillion by 2033</a>, AutoDS' automation tools and expansive network are set to enhance FVRR's position in the growing digital services space.
In addition to the acquisition, the company also rolled out new features, including a profession-based <a href="https://www.fiverr.com/news/summer_product_release_2024">catalog and hourly contracts</a>. These additions are designed to expand its market presence and further align with its goal of becoming a full-service platform for talent and software.
Solid Financial Performance
For the second quarter that ended June 30, 2024, FVRR reported revenue of $94.66 million, up 5.9% year-over-year and slightly above the analyst's estimate of $94.63 million. Its non-GAAP gross profit increased by 6.2% year-over-year to $79.93 million, with a margin of 84.4%.
Further, the company's <a href="https://www.investopedia.com/terms/a/adjusted-ebitda.asp">adjusted EBITDA</a> rose 16.8% from the year-ago value to $17.85 million, while its cash outflow from operating activities grew 11.9% from the prior year's quarter to $20.97 million. FVRR's non-GAAP net income amounted to $23.83 million and $0.58 per share, reflecting an increase of 18.9% and 18.4%, respectively, from the same quarter last year.
Also, its free cash flow stood at $20.66 million, up 12.5% year-over-year. Additionally, its cash and cash equivalents increased to $188.73 million as of June 30, 2024, compared to $183.67 million as of December 31, 2023.
Favorable Analyst Estimates
The consensus revenue estimate of $96.39 million for the fiscal third quarter (ending September 2024) represents a 4.2% increase year-over-year. The consensus EPS estimate of $0.61 for the current quarter indicates a 10.1% improvement year-over-year. The company has an excellent earnings surprise history, surpassing the consensus EPS estimates in each of the trailing four quarters.
For the fiscal year ending December 2024, the company's EPS is anticipated to grow 20% year-over-year to $2.34, while its revenue is expected to increase 6.6% from the prior year period to $385.17 million.
In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 9.8% and 10.5% from the same period last year to $423.02 million and $2.59, respectively.
Lower-Than-Industry Valuation
In terms of forward non-GAAP P/E, FVRR is currently trading at 10.52x, 45.4% lower than the industry average of 19.28x. Similarly, the stock's forward EV/EBIT and EV/EBITDA multiples of 9.32 and 8.74 are 41.3% and 23.5% lower than the industry averages of 15.88x and 11.42x, respectively.
Additionally, the stock's 1.63x forward EV/Sales is 10.4% lower than the industry average of 1.82x.
High Profitability
FVRR's trailing-12-month gross profit margin of 83.34% is 165.7% higher than the 31.36% industry average. Likewise, its trailing-12-month levered FCF margin of 18.49% is 181.8% higher than the industry average of 6.56%.
POWR Ratings Reflect Promise
FVRR's promising outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of B, which translates to Buy in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories.
FVRR boasts an A grade for Growth, consistent with its solid financial performance in the last reported quarter. Additionally, its B grade for Value and Quality is in sync with its discounted valuation and robust profitability.
The stock is ranked #7 in the <a href="https://stocknews.com/category/internet/">Internet</a> industry. <a href="https://stocknews.com/stock/FVRR/">Click here</a> to access FVRR's Momentum, Stability, and Sentiment ratings.
Bottom Line
The global gig economy isn't just a passing trend; it's on track to become a <a href="https://ssir.org/articles/entry/gig-economy-startups-workers#:~:text=The%20global%20gig%20economy%20is,workers'%20increasing%20demands%20for%20flexibility.">nearly $2 trillion</a> industry by 2031. With a global job shortage and the rising demand for flexible work, gig platforms are thriving. As of March 2024, <a href="https://institute.bankofamerica.com/content/dam/economic-insights/consumer-morsel-gig-economy-is-up.pdf">over 3.8%</a> of Bank of America customers received income from gig platforms, surpassing previous highs. Moreover, the share of gig workers earning monthly income has steadily increased since 2021, underscoring the increasing commitment to freelance work.
As the gig economy continues to grow, FVRR is well-positioned to benefit. With strong financials, increasing profitability, and a bright long-term growth outlook, it could be wise to invest in this stock.
How Does Fiverr International Ltd. (FVRR) Stack Up Against Its Peers?
While FVRR has an overall grade of B, equating to a Buy rating, you may also check out these other stocks within the <a href="https://stocknews.com/category/internet/">Internet</a> industry: Meituan (<a href="https://stocknews.com/stock/MPNGY/">MPNGY</a>), Dingdong (Cayman) Limited (<a href="https://stocknews.com/stock/DDL/">DDL</a>), and Yelp Inc. (<a href="https://stocknews.com/stock/YELP/">YELP</a>), carrying A (Strong Buy) or B (Buy) ratings. To explore more Internet stocks, <a href="https://stocknews.com/category/internet/">click here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>

<hr />
FVRR shares were trading at $25.40 per share on Friday afternoon, up $0.79 (+3.21%). Year-to-date, FVRR has declined -6.69%, versus a 19.17% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Shweta Kumari</h2> <img src='https:/wp-content/uploads/2022/03/Shweta-Kumari_Image-2.jpg' style="float:left; padding:5px;width:125px;">Shweta's profound interest in financial research and quantitative analysis led her to pursue a career as an investment analyst. She uses her knowledge to help retail investors make educated investment decisions.<a href="https://stocknews.com/authors/?author=shweta-kumari">More...</a>The post <a href=https://stocknews.com/news/fvrr-mpngy-ddl-yelp-is-fiverr-a-good-stock-to-watch-as-gig-economy/>Is Fiverr a Good Stock to Watch as Gig Economy Expands?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Fiverr a Good Stock to Watch as Gig Economy Expands?

These consumer sector stocks have seen the biggest gains off the China stimulus developments

China-related stocks give back gain due to lack of details on stimulus measures

China-related stocks give back gains due to lack of details on stimulus measures

Dingdong (Cayman) Ltd. ( ($DDL) ) has released its Q3 earnings. Here is a breakdown of the information Dingdong (Cayman) Ltd. presented to its inve...

Dingdong Reports Record Q3 2024 Financial Growth

Dingdong (DDL) has released an update. Dingdong (Cayman) Limited, a prominent fresh grocery e-commerce company in China, reported a remarkable fina...

Dingdong's Impressive Q3 2024 Financial Surge

Dingdong (Cayman) Limited (DDL) Q3 2024 Earnings Call Transcript

Dingdong (DDL) is down -4.5%, or -16c to $3.43. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial new...

Comments

Dingdong (Cayman)

Noticias

Últimas noticias sobre Dingdong (Cayman) (NYSE:DDL) Bolsa

La gente también mira

Noticias

SOCIO/CONTRIBUIDOR

BENZINGA GLOBAL