FT Vest DJIA Dogs 10 Target Income ETF (BATS: DOGG)

Últimas noticias sobre FT Vest DJIA Dogs 10 Target Income ETF (BATS:DOGG)

Healthcare

Technology

Consumer Defensive

Consumer Cyclical

Energy

Communication Services

The Fund will seek to reduce or eliminate the portion of its distributions that are characterized as return of capital for tax purposes. Return of capital represents a return of a portion of a Fund shareholders invested capital and is not taxable in the year it is received unless the distribution exceeds a shareholders basis in the Fund. In order to reduce or eliminate the portion of the distribution characterized as return of capital, the Fund may engage in transactions designed to generate earnings and profits by undertaking taxable sales of assets. The desired result of such transactions would be to change the tax character of certain distributions from the Fund from return of capital to taxable dividends, thus accelerating the tax liability for current shareholders.

Verizon

International Business Machines Corporation

3M Co.

Coca Cola Co.

AMGEN INC COMMON STOCK

Johnson & Johnson

Ocisco Systems, Inc

Chevron Corporation

Dow Inc.

Walgreens Boots Alliance, Inc.

Mcdonald's Corporation

Procter & Gamble Co/the (pg)

Merck & Co. Inc

FT Cboe Vest DJIA Dogs 10 Target Income ETF

Earnings

Equities

Large Cap

News

Guidance

Movers

DOGG

RSPM

Dow Inc. reportó ventas por debajo del consenso y anunció un plan de ahorro de 1000 millones de dólares, incluyendo recortes de empleos.

Las acciones de Dow caen tras resultados decepcionantes y recortes de costes

FT Vest DJIA Dogs 10 Target Income ETF

DOGGY

WIIM

Gold is trading higher amid macro uncertainty following a weak 20-year bond auction as well as a decline in the US dollar.

CURE PHARMA HLDG CORP by CURE Pharmaceutical Holding Corp.

CURR

Currenc Group shares are trading lower after the company reported Q1 financial results and missed its EPS and revenue estimates.

RSLS

ReShape Lifesciences shares are trading lower after the company reported a year-over-year decrease in Q1 sales results.

CRWV

CoreWeave shares are trading higher after the company priced a debt offering.

<a href="https://www.ft.com/content/c150ad9f-8e1e-48ba-bd49-f75fb41b58b8" title="https://www.ft.com/content/c150ad9f-8e1e-48ba-bd49-f75fb41b58b8">https://www.ft.com/content/c150ad9f-8e1e-48ba-bd49-f75fb41b58b8</a>

'Honeywell Close To Securing Johnson Matthey Catalyst Unit In £1.8 Billion Deal' - Financial Times

Macro Economic Events

Economics

SPDR Dow Jones Industrial Average ETF Trust

Major indexes are lower amid a rise in Treasury yields following a weak 20-year bond auction.

CXAI

CXApp shares are trading lower. The company reported Q1 financial results.

JP Morgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), on Wednesday, introduced the JPMorgan Chase Center for Geopolitics (CfG), a client advisory service designed to assist businesses in thriving in today&#8217;s complex global landscape.
The company said in the press release that the CfG will achieve this by leveraging the firm&#8217;s unparalleled network, expertise, and resources.
The CfG will collaborate across the firm, utilizing a diverse team of experts to advise clients on how to anticipate and react to major geopolitical shifts.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45527790/goldman-sachs-bets-on-jpmorgan-praises-market-share-gains-efficiency" rel="noreferrer noopener">Goldman Sachs Bets On JPMorgan, Praises Market Share Gains, Efficiency</a>
These shifts include the growing influence of artificial intelligence, the restructuring of global trade and supply chains, the evolving U.S.-China relationship, and changing dynamics in Europe and the Middle East.
Beyond releasing regular reports with timely analysis, the CfG will also host events and client engagements, such as in-person meetings and webinars.
The initial set of reports offers business leaders insights into the potential conclusion of the Russia-Ukraine conflict, the shifting geopolitical landscape in the Middle East, and challenges confronting the U.S. defense industrial base amidst a period of global rearmament.
Derek Chollet, a prominent foreign policy authority, will lead the center, which will also benefit from additional insights provided by geopolitical and business advisors from within and outside the company.
Price Action: JPM shares are down 1.59% at $261.50 at the last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/05/45535142/jamie-dimon-who-flagged-trouble-before-2008-lehman-brothers-collapse-now-warns-sp-earnings-could-fall-to-0rougher-time-for-markets-says-dan-niles" target="_blank" rel="noreferrer noopener">Jamie Dimon, Who Flagged Trouble Before 2008 Lehman Brothers Collapse, Now Warns S&amp;P Earnings Could Fall To 0%: &#8216;Rougher Time For Markets,&#8217; Says Dan Niles</a></li>
</ul>
Photo via Shutterstock

From AI To Geopolitics - JPMorgan's Advisory Unit To Tackle New Era Of Risk Management

Women-led <a href="https://www.benzinga.com/cannabis">cannabis</a> organizations from across the country will unite at the upcoming <a href="https://www.benzinga.com/cannabis-conference">Benzinga Cannabis Capital Conference</a>, taking place June 8–10 at the Marriott Downtown Magnificent Mile in Chicago. As part of an expanded partnership with Benzinga, Women Grow will collaborate with Illinois Women in Cannabis (IWC), <a href="https://www.benzinga.com/markets/cannabis/24/08/40471086/cannabis-finance-reinvented-verdant-strategies-tailored-cfo-services-could-be-an-industry-game-c">Verdant Strategies</a>, BIPOCann and other groups to be announced for a multi-day initiative focused on mentorship, business support and capital access for women-led companies.
The collaboration is part of Benzinga's <a href="https://www.benzinga.com/cannabis-conference/invest-in-her">#InvestInHER</a> initiative, which promotes visibility and resources for women in the cannabis industry. Programming is geared toward increasing financial literacy, strengthening leadership skills and providing practical tools to help female founders scale their businesses. Women entrepreneurs can apply for a scholarship to attend the conference at this link.
"Benzinga has opened new doors for our community, and we're stepping through with purpose," said <a href="https://www.benzinga.com/markets/cannabis/25/05/45336235/from-homeless-to-queen-zulu-dr-chanda-macias-journey-to-cannabis-leadership-and-brittney-griners-inspiration">Dr. Chanda Macias</a>, CEO and chairwoman of Women Grow. "This continued partnership gives women in cannabis a meaningful platform to connect, get informed, and achieve greater visibility."
"This initiative ensures that women in cannabis receive the education, mentorship and funding access they deserve," said Asya Hill, executive director of Illinois Women in Cannabis.
Highlights of the #InvestInHER programming include:
<ul class="wp-block-list">
<li>The First Pour (Sunday, June 8, 6:00pm–8:30pm): A mocktail hour powered by Eybna supporting Women Grow and Freedom Grow, offering early networking for scholarship recipients and conference attendees.</li>
<li>Canna &amp; Coffee: Women's Morning Mixer (Monday, June 9, 7:30am–8:30am): A morning meetup at the #InvestInHER Lounge hosted by Women Grow, focused on leadership, financing, and peer-to-peer support.</li>
<li>Bloom &amp; Bond: Women Shaping the Future of Cannabis Business (Monday, June 9, 5:00pm–8:00pm): Hosted by IWC and supported by sponsors including Ascend Co-Lab and Bud &amp; Mary's, this evening event connects Chicago's cannabis community with visiting organizations. Access tickets at this link.</li>
<li>#InvestInHER Lounge (June 9–10): A dedicated space on the 7th floor where attendees can participate in mentorship sessions, investor meetings, and peer networking. Scheduled mentors include Leah Heise of Gemini Twin Consulting/Wolf Meyer and Stephanie Pow of Emerald Lane Recruiting.</li>
</ul>
"While it&#8217;s encouraging to see that women now hold more than 30% of executive roles in cannabis, a rebound from the pandemic-era low, there&#8217;s still a long way to go. Female ownership has dropped to just 16%, and access to capital remains a major barrier," said <a href="https://www.benzinga.com/author/javier-hasse">Javier Hasse</a>, strategic advisor at Benzinga. "That&#8217;s why our multi-year partnership with Women Grow is so important. It&#8217;s not just about visibility; it&#8217;s about creating real pathways to leadership, investment, and sustainability for women in this industry."
"Cannabis is still a male-dominated industry — but the most resilient strategies, the most future-ready companies I've seen are being led by women," added Rachel Wright, founder and CEO of Verdant Strategies and 420CPA. "Leadership isn't just about position; it's about presence, and Benzinga is creating space for more women to show up, share insight, and shape what's next."
Find out more about the #InvestInHER program <a href="https://www.benzinga.com/cannabis-conference/invest-in-her">here</a>.
Photo: Shutterstock

Cannabis

Events

Women Grow And Allies Bring Equity-Focused Programming To Benzinga Cannabis Capital Conference: What You Need To Know

Amazon Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) CEO Andy Jassy reported on Wednesday that the company has not experienced any significant changes in consumer spending due to President <a href="https://www.benzinga.com/general/market-summary/25/05/45537307/us-stocks-likely-to-open-lower-expert-says-tariffs-remain-a-headwind-but-tax-cut-and-easing-of-tensions-in-middle-east-could-propel-equities-closer-to-all-time-highs">Donald Trump&#8216;s tariffs.</a>
What Happened: During Amazon&#8217;s annual shareholder meeting, Jassy said,&nbsp;&#8220;We have not seen any&nbsp;attenuation of demand at this&nbsp;point,&#8221; and added that there have been no &#8220;meaningful average selling price increases,&#8221; according to&nbsp;<a href="https://www.cnbc.com/2025/05/21/amazon-jassy-tariffs.html">CNBC</a>.
Despite the ongoing impact of Trump&#8217;s tariffs, Amazon and other retailers are still assessing their effects. Amazon previously cited&nbsp;&#8220;tariffs and trade policies&#8221; as&nbsp;potential factors that could alter&nbsp;its guidance for the current&nbsp;quarter.
See Also:&nbsp;<a href="https://benzinga.com/markets/equities/25/05/45535142/jamie-dimon-who-flagged-trouble-before-2008-lehman-brothers-collapse-now-warns-sp-earnings-could" target="_blank" rel="noreferrer noopener">Jamie Dimon, Who Flagged Trouble Before 2008 Lehman Brothers Collapse, Now Warns S&amp;P Earnings Could Fall To 0%: &#8216;Rougher Time For Markets,&#8217; Says Dan Niles</a>
While other retailers like Walmart and Target have warned about potential price hikes due to tariffs, Amazon remains committed to&nbsp;keeping prices low for shoppers.&nbsp;Jassy noted that the company&#8217;s diverse marketplace helps customers access the best selection at the best prices.
During the meeting, Amazon investors also reviewed eight external proposals addressing various issues, including the company&#8217;s emissions reporting and warehouse working conditions. Amazon advised investors to vote against all of the resolutions which were ultimately rejected, CNBC reports.
Why It Matters: Earlier this month, Amazon had planned to list tariff costs on its site, a move that <a href="https://www.benzinga.com/personal-finance/25/05/45194656/amazon-drops-plan-to-list-tariff-costs-on-site-after-trump-administration-calls-the-move-a-hostile-and-political-action">was later scrapped </a>after President Trump personally called Amazon Chair Jeff Bezos to complain about the company&#8217;s plan. 
Despite the tariff tensions, a recent relaxation of tariffs between the U.S. and China sparked a significant market rally, adding nearly $830 billion to the market capitalization of <a href="https://www.benzinga.com/25/05/45372179/us-china-tariff-truce-adds-nearly-45-billion-to-net-worth-of-elon-musk-jeff-bezos-mark-zuckerberg">several tech companies</a>, including Amazon, underscoring the resilience of tech companies amidst the ongoing tariff disputes.
Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://benzinga.com/markets/25/05/45541866/xi-jinpings-china-wants-trump-to-immediately-drop-the-golden-dome-project-over-strong-offensive-implicati" target="_blank" rel="noreferrer noopener">Xi Jinping&#8217;s China Wants Trump To Immediately Drop The Golden Dome Project Over &#8216;Strong Offensive Implications:&#8217; &#8216;&#8230;Security Of All Countries Should Not Be Compromised&#8217;</a></li>
</ul>
Image: Shutterstock

Management

Tech

AMZN

Amazon CEO Andy Jassy: No Slowdown In Consumer Spending Amid Tariffs

JPMorgan analyst David Karnovsky maintained Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) with an Underweight and lowered the <a href="https://www.benzinga.com/quote/PARA/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $11 to $10</a> on Wednesday.
Last week, Karnovsky held fireside chats with thirteen companies at JPMorgan&#8217;s Global TMC Conference in Boston. The analyst covered key short-term and long-term takeaways across live entertainment, ad agencies, outdoor advertising, digital publishing, and broadcasting, including some themes emerging from first-quarter earnings.
Karnovsky noted that PayTV declines continue to be a substantial headwind. While DTC execution has been solid, the analyst expected losses through 2026, which would weigh on total company OIBDA and free cash flow.
Also Read: <a href="https://www.benzinga.com/general/entertainment/25/05/45358172/paramounts-super-bowl-boost-and-studio-strength-help-offset-streaming-miss-analyst" target="_blank" rel="noreferrer noopener">Paramount&#8217;s Super Bowl Boost And Studio Strength Help Offset Streaming Miss: Analyst</a>
While Karnovsky liked Paramount&#8217;s cost-cutting efforts, focus on DTC profitability, and the decision to improve the balance sheet, he maintained his Underweight rating given the company&#8217;s valuation premium versus peers, lack of scale in DTC, linear exposure, and macro uncertainty.
Paramount&#8217;s first-quarter OIBDA exceeded the analyst&#8217;s expectations ($688 million versus Karnovsky&#8217;s $649 million). Still, he reduced fiscal 2025 consolidated OIBDA to $2.81 billion (-9.9% versus the prior 5.6%) on reductions in TV Media. The analyst reduced second-quarter TV Media advertising to $1.62 billion (-6.5% versus prior -5.0%), down from a flattish underlying trend in the first quarter, reflecting fewer sports inventory.&nbsp;&nbsp;
Given political and international true-up comps, he expected the ad decline to worsen in the third and fourth quarters, but now estimates fiscal 2025 TV Media advertising of $6.91 billion (-15.6% versus prior -17.5%) after flowing through the beat in the first quarter.
Karnovsky estimated that first-quarter TV Media OIBDA ex-Super Bowl was down ~17% and now forecasts similar declines in the second and third quarters, bringing his fiscal 2025 TV Media OIBDA estimate to $3.46 billion (-20.5% versus prior -14.8%).
At DTC, the analyst decreased his fiscal 2025 Advertising estimate to $2.06 billion (-2.6% versus prior +8.3%) after the miss in the first quarter and Paramount+ strength being offset by softness at Pluto driven by supply. Positively, Karnovsky increased his fiscal 2025 Subscription estimate to $6.46 billion (+17.3% versus prior +14.8%), reflecting prior price increases flowing through, and raised fiscal 2025 DTC OIBDA to -$96 million (prior -$158 million).
Karnovsky had an Overweight on Walt Disney Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) with a price target of $130.
The analyst noted that the company raised EPS guidance, and management confirmed the long-term outlook of double-digit growth could be applied on a higher base. Disney+ net adds returned to growth, and Hulu net adds were above 1m for the second straight quarter, reflecting not only strong content but also platform improvements and traction on password sharing.
Disney appears to be navigating macro headwinds well, with sports advertising strong and the operating income guide for Experiences moving to the higher end, Karnovsky said. The stock has outperformed post-print, but at 17.5 times Karnovsky&#8217;s fiscal 2026 EPS, it looks attractively priced relative to the market at 20 times.
Price Action:&nbsp;PARA stock is up 0.50% by $11.88 at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45192411/netflix-stock-drops-as-trumps-proposed-tariffs-on-foreign-films-spark-concerns" target="_blank" rel="noreferrer noopener">Netflix And Other Streaming Stocks Slide As Trump&#8217;s Proposed Tariffs On Foreign Films Sparks Concern</a></li>
</ul>
Image: Shutterstock

Price Target

Reiteration

Analyst Ratings

Trading Ideas

PARA

Paramount Ad Slump, Streaming Losses Prompt Analyst To Cut Price Forecast

EDBL

Edible Garden AG shares are trading higher. The company announced it entered into an agreement with an existing warrant holder to exercise 999,600 warrants at a reduced price of $3.50 per share in exchange for the issuance of 1.99 million new unregistered 5-year warrants.

LTRY

Lottery.com shares are trading higher after the company reported a year-over-year increase in Q1 EPS results.

TSLA

Tesla shares are trading lower amid recent milestone announcements from XPeng and Waymo regarding growing EV deliveries and a record number of paid rides completed. Additionally, overall market weakness and uncertainty around budgets and the deficit may be weighing on the stock.

The Campbell's Company shares are trading lower after B of A Securities cut its price target on the stock from $41 to $37 and maintained an Underperform rating.

Wedbush analyst Daniel Ives maintained an Outperform rating on Palo Alto Networks, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a <a target="_blank" href="https://www.benzinga.com/quote/PANW/analyst-ratings" rel="noreferrer noopener">price forecast of $225</a> on Wednesday.
On Tuesday, Palo Alto Networks delivered its <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45530408/palo-alto-reports-q3-earnings-raises-fy25-guidance-shares-slide" rel="noreferrer noopener">fiscal third-quarter</a> results, which featured beats in revenue, EPS, and NGS ARR. At the same time, RPO came in line with the Street as the company accelerates its platformization strategy heading into fiscal 2026, and beyond, more customers are looking to consolidate their security vendors, Ives noted.
Total revenues were $2.29 billion, at the high end of the guidance range of $2.26 billion—$2.29 billion and slightly above the Street&#8217;s estimate of $2.28 billion.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45541664" rel="noreferrer noopener">PANW CEO Warns Traditional IT Can&#8217;t Handle AI&#8217;s Next Phase: &#8216;&#8230;The Conversation Is Shifting To Agentic AI&#8217;</a>
In comparison, RPO accelerated 19% to $13.5 billion, compared to guidance of $13.50 billion—$13.60 billion and the Street&#8217;s estimate of $13.54 billion, as the company&#8217;s platformization continues to take hold.
As per the analyst, significant growth continues to be seen in XSIAM (Cortex), SASE (Prisma), and Product (Firewall) despite an uneasy macro in April.
NGS ARR grew to $5.09 billion (up 34%), which was above guidance of $5.03 billion-$5.08 billion and the Street&#8217;s estimate of $5.06 billion.
Palo Alto Networks reaffirmed that both its fiscal fourth-quarter NextGen Security ARR guidance of $5.52 billion-$5.57 billion (up 31%-32%) and RPO guide of $15.2 billion-$15.3 billion (up 19%-20%), as it is laying the foundation for its platformization approach heading into fiscal 2026 with AI front and center, the analyst noted.
Palo Alto Networks also provided fiscal fourth-quarter revenue guidance of $2.49 billion-$2.51 billion versus the Street of $2.50 billion, while EPS guidance of $0.87-$0.89 versus the Street of $0.87 as the company&#8217;s demand has stabilized after an uneasy April heading into the end of fiscal 2025, he said.
Overall, Palo Alto Networks continues to be one of Ives&#8217; favorite cybersecurity names to own over the next 12-18 months as he noted 2025 as a transition year for the company as platformization deals with cloud penetration are leading to strong deal flow and a more stable pipeline while being a prime beneficiary of AI spending as cybersecurity is a clear second or third derivative play on the AI Revolution as the company is in the driver&#8217;s seat to gain market or mind share in the cybersecurity landscape with the continued shift to the cloud.
Price Action:&nbsp;PANW is trading lower by 6.99% to $180.90 at last check Wednesday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45551303/lyfts-av-plans-rider-gains-ads-drive-growth-fuel-up-to-70-upside-analyst" target="_blank" rel="noreferrer noopener">Lyft&#8217;s AV Plans, Rider Increase, Ads Drive Fuel Up To 70% Upside: Analyst</a></li>
</ul>
Photo by Tada Images via Shutterstock

Analyst Color

PANW

Palo Alto's AI Momentum Make It A Top Cybersecurity Pick, Analyst Says

The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>), a closely watched gauge of long-term U.S. government debt, fell 1.7% on Wednesday to its lowest level in six months. The drop came as investors repriced risk across markets following a weak 20-year Treasury auction, stoking fears that interest rates may <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45550679/treasury-yields-top-5-these-20-stocks-tanked-in-just-one-hour">stay elevated for longer. </a>
The selloff also reflects deepening concern over America's fiscal trajectory, with long-term yields rising in the wake of Moody's recent downgrade <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45500872/30-year-treasury-yields-hit-5-what-that-means-for-stocks">of U.S. sovereign credit.</a>
While the downgrade was not significantly sharp, just one position down to Aa1 from Aaa, it marks the third major credit warning in just over a decade and strengthens the growing concerns about debt sustainability, governance, and interest burdens.
A Downgrade With Bite In The Bond Market
While Moody&#8217;s downgrade might seem symbolic on its face, its impact on markets has been real, at least for fixed-income investors. Yields on long-term U.S. Treasurys rose at the start of the week, pushing bond prices down. As bond prices and yields move inversely to each other, TLT&#8217;s fall indicates increasing demand for higher returns to carry U.S. government debt.
Fiscal deficits and political polarization were also mentioned by Moody&#8217;s as important drivers of the change of outlook, concerns that have now become recurring in U.S. credit analysis.
Also Read: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/05/45507759/tips-in-trouble-why-inflation-protected-bond-etfs-are-losing-their-spark">TIPS In Trouble: Why Inflation-Protected Bond ETFs Are Losing Their Spark</a>
Stocks Brush It Off, But Bonds Tell A Different Story
U.S. equities were trading lower on Wednesday as investors grew increasingly cautious following new fiscal policy worries, which weighed on Treasury <a href="https://www.benzinga.com/government/regulations/25/05/45540541/5-treasury-yields-are-back-and-so-are-painful-mortgage-rates" target="_blank" rel="noreferrer noopener">bonds and the dollar.</a>
For fixed-income investors, credit ratings have a direct bearing on risk models, mandate portfolios, and capital expenses. A downgrade, even a token one, can shift asset flows and prices along the curve.
Bond markets were in for a fresh dose of selling pressure, with the <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45549510/wall-street-stalls-as-yields-rise-bitcoin-breaks-records-above-109000-whats-driving-markets-wednesday">30-year Treasury yield surging to 5.02% on Wednesday</a>, the highest in nearly two months, as traders mulled the potential fiscal implications of President Donald Trump‘s proposed &#8220;One Big Beautiful Bill,&#8221; which some economists say could further worsen the U.S. deficit outlook.
TLT: Still Popular Despite the Pain
In spite of the recent drawdown, investor appetite for TLT is strong. The fund attracted a whopping $636.9 million on Friday alone, which has put its assets under management at $48.7 billion, as per FactSet. These inflows were made while there was an equity rally on the same day, underlining TLT&#8217;s attractiveness as a hedge as well as a speculative vehicle for duration exposure.
The opposing dynamics, increasing inflows in the face of declining prices, imply that investors are either getting ready for a change in the rate cycle or betting that long-dated Treasurys may regain if recession concerns surface.
Looking Forward
Though TLT&#8217;s recent lows can be seen as investor repricing in response to the downgrade, the overall message is one of prudence. Higher yields, persistence inflation, trade tensions, and the possibility of slowing economic growth in 2025 might make both bonds and equities behave erratically.
The Moody&#8217;s downgrade won&#8217;t create panic, but it underscores an important fact: America&#8217;s fiscal problems are no longer abstract, they&#8217;re beginning to get priced in.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45548615/alphabet-well-positioned-for-google-search-dominance-analyst-says-can-navigate-the-shift-to-ai-search">Alphabet &#8216;Well Positioned&#8217; For Google Search Dominance: Analyst Says Can &#8216;Navigate The Shift To AI Search&#8217;</a></li>
</ul>
Photo: Shutterstock

Specialty ETFs

ETFs

iShares Trust Barclays 20+ Year Treasury Bond Fund

iShares TLT Hits 6-Month Low After Weak Treasury Auction

ASP Isotopes Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASPI#NASDAQ">ASPI</a>) shares are trading higher Wednesday afternoon after the company posted year-over-year growth in its first-quarter 2025 financial results and received a <a href="https://www.benzinga.com/news/contracts/25/05/45507606/asp-isotopes-stock-is-surging-after-hours-heres-why">favorable analyst update</a>.
What To Know: The advanced materials company reported first-quarter revenue of $1.10 million, up from $840,000 in the same period last year. ASP Isotopes reported a first-quarter loss of 12 cents per share, improved from a loss of 16 cents per share in the prior year&#8217;s quarter.
Gross profit also rose to $326,840 from $278,870 a year ago. The company's operating expenses increased to $8.28 million, up from $6.09 million, with notable spending in research and development and general administrative costs. 
Following the company&#8217;s quarterly results, Canaccord Genuity analyst George Gianarikas maintained ASP Isotopes with a Buy rating and raised the price target from $8.50 to $11.
The news comes after ASP Isotopes shares surged after the company announced loan and supply agreements with <a href="https://www.benzinga.com/pressreleases/25/05/g45505949/asp-isotopes-inc-enters-into-definitive-agreements-with-terrapower-including-loan-agreement-for-co" target="_blank" rel="noreferrer noopener">Bill Gates-backed </a><a href="https://www.benzinga.com/pressreleases/25/05/g45505949/asp-isotopes-inc-enters-into-definitive-agreements-with-terrapower-including-loan-agreement-for-co" target="_blank" rel="noreferrer noopener">TerraPower</a> related to the construction of a new uranium enrichment facility capable of producing High Assay Low-Enriched Uranium (HALEU).
The rally was short-lived, however, with shares reversing course after the company announced an agreement related to the potential acquisition of <a href="https://www.benzinga.com/pressreleases/25/05/g45514094/asp-isotopes-inc-announces-an-agreement-relating-to-the-potential-acquisition-of-renergen-limited-">Renergen</a>. Despite elevated volatility to start the week, ASP Isotopes shares are bouncing back on Wednesday and are up about 18% over the past five trading sessions.
ASPI Price Action: ASP Isotopes shares were up 10.8% at $7.75 at the time of publication Wednesday, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
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The ProShares UltraPro Short QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SQQQ#NASDAQ">SQQQ</a>), which aims to deliver three times the inverse performance of the Nasdaq-100 Index, rose 4.85% to $24.74 Wednesday afternoon amid a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/05/45550679/treasury-yields-top-5-these-20-stocks-tanked-in-just-one-hour">sharp selloff</a> in U.S. Treasuries and tech stocks.
What To Know: SQQQ gains value when the Nasdaq-100 falls, making it a <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">popular hedge</a> during market downturns, especially for high-growth tech shares sensitive to interest rates. Wednesday's surge came after long-term Treasury yields soared past 5%, sparking a broad decline in rate-sensitive equities.
The spike <a href="https://www.benzinga.com/government/regulations/25/05/45550324/us-bond-market-flashing-red-30-year-yield-tops-5-prices-tank-to-october-2023-lows">followed</a> a disappointing $16 billion U.S. Treasury auction for 20-year bonds, which drew weak demand. The bid-to-cover ratio came in at just 2.46, while primary dealers were forced to absorb nearly 17% of the issuance. 
Investors are growing uneasy over rising deficits tied to President Donald Trump's proposed $4.1 trillion tax-cut plan, fueling concerns about fiscal sustainability.
Yields on the 30-year Treasury surged to 5.08%, their highest since October 2023. That pushed bond prices, and interest-rate-sensitive stocks, sharply lower, boosting inverse ETFs like SQQQ in the process.
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SQQQ

SQQQ Jumps Nearly 5% As Bond Market Selloff Sends Tech Stocks Sliding

Most people don't sit around thinking about their own death. Or the national debt. Charlie Munger, the late vice chairman of Berkshire Hathaway, didn't <a href="https://www.benzinga.com/25/05/45477473/charlie-munger-said-berkshires-billions-came-from-getting-less-crazy-and-less-stupid-than-most-people-and-staying-alive-into-their-90s">particularly enjoy pondering either</a>—but he still saw both as inevitable. And if you throw in a trade war with China? Well, to him, that just sped things up.
Back in 2019, when the national debt stood at $22 trillion, Munger delivered one of his famously blunt observations during an <a href="https://www.cnbc.com/2019/02/15/cnbc-transcript-berkshire-hathaway-vice-chairman-charlie-munger-speaks-with-cnbcs-becky-quick.html">interview with CNBC's Becky Quick</a>. He called that figure "uncharted territory"—a term that now seems almost modest compared to the ever-mounting debt making headlines today.
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He explained, "It's a cinch that a great nation will, in due time, be ruined. Whether it's Rome, whether it's Britain in its heyday, they all pass. And, so our turn is bound to come someday. But I don't like thinking about it too much. It's like my own death."
"Why should I enjoy thinking about it? But is it coming some day? Sure. Of course it is," Munger added.&nbsp;
Now, the U.S. national debt has crossed $36.2 trillion. That's a $14 trillion leap in just six years. Munger, who died in 2023 at the age of 99, didn't live to see this new peak—but he might've shrugged and said, "I told you so."
But debt wasn't the only thing Munger warned about that year. He also weighed in on the growing friction between the U.S. and China—particularly around trade.
"I think that the advantages to United States and China, to getting along, are so great on both sides, that I anticipate that they will reach some tolerable adjustment," he said.
That adjustment took its time.
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Last month, U.S. tariffs on Chinese goods <a href="https://www.benzinga.com/government/regulations/25/04/44740040/chinas-growth-outlook-dims-as-trumps-125-tariffs-put-millions-of-jobs-at-risk-goldman-warns">surged to a historic 145%</a> before both countries agreed last week to <a href="https://www.benzinga.com/25/05/45368511/china-to-us-goods-shipment-jump-after-90-day-tariff-postponement-a-big-backlog-is-looming">reduce them temporarily for 90 days</a>. The move was meant to cool things off, not solve them.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Consumer prices remain elevated. Businesses are still hesitant. And the word "stable" is nowhere to be found.
Munger called a full-blown tariff war "massively stupid." His reasoning was simple: hurting each other out of pride rarely ends well. "Both sides will feel roughed up," he said. "A good settlement is better than a lovely world war."
Even now, that logic holds. The U.S. and China didn't walk away from the fight unscathed. And neither walked away entirely.
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Munger also said he was fine with some limits on free trade, so long as they weren't extreme:
"I don't want many, and I don't want them to be huge. But some limits on the operation of free trade are quite acceptable."
It's clear his advice wasn't about ideology—it was about restraint. The way he saw it, ignoring problems like runaway debt or destructive trade behavior didn't make them go away. It just delayed the reckoning.
And whether it's the collapse of empires or balance sheets, he believed the pattern always plays out the same way. Just slower than people expect—until suddenly, it doesn't.
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'It's Like My Own Death' — Charlie Munger Warned America Will Be Ruined 'Our Turn Is Bound To Come' And Called U.S.-China Trade War 'Massively Stupid'

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