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

Turnstone Biologics (NASDAQ:TSBX) Bolsa, Cadena de Opciones

Turnstone Biologics

Turnstone Biologics Corp is a clinical-stage biotechnology company focused on developing new medicines to treat and cure patients with solid tumors. The company is pioneering a differentiated approach to tumor-infiltrating lymphocytes, or TILs, a clinically validated technology for treating solid tumors. It is developing next-generation TIL therapies by selecting the most potent and tumor-reactive T cells, which are referred to as Selected TILs. TILs are a type of cell therapy that harnesses the patient's own immune cells to target their own tumors. TIL therapy involves the isolation of lymphocytes from the patient's tumor, expansion of the isolated cells outside the body, and then infusion of the cells back into the patient.

Turnstone Biologics Corp

With market concentration concerns rising, investors are hunting for "diversification without sacrificing growth." Enter <a href="https://www.benzinga.com/topic/gold">gold &#8211; the precious metal</a> that has already smashed past $3,000 per ounce and could be heading even higher.
Gold's 2024 run has been nothing short of spectacular. The gold-tracking SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) is up about 40% over the past year. 
During an exclusive interview with Benzinga, Violeta Todorova, senior research analyst at Leverage Shares, said that the momentum is not slowing down anytime soon. "With a confluence of favourable factors such as monetary easing, central bank buying, geopolitical tensions, inflationary pressures, and strong physical demand—the outlook for gold remains strong."
Read Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/25/03/44335436/gold-etfs-shine-as-spot-price-tops-3000-during-safe-haven-demand">Gold ETFs Shine As Spot Price Tops $3,000 During Safe-Haven Demand</a>
<h2 class="wp-block-heading">Can Gold Hit $3,500 In 2025?</h2>
While equity markets remain volatile, gold's safe-haven appeal continues to strengthen. Todorova sees multiple catalysts for further gains. "Amid the uncertainties of 2025, gold is likely to remain a cornerstone of wealth preservation and portfolio diversification." 
And just how high can it go? "The precious metal is likely to extend its rally to $3,500 per ounce; however, it could reach higher levels by the end of the year," she told Benzinga.
Meanwhile, gold ETFs are set to benefit as investors seek protection from ongoing market swings. Todorova expects "increased inflows" into gold funds as more investors turn to safety plays. The GLD, the iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>) and the SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>) offer exposure to gold.
<h2 class="wp-block-heading">The Bigger Picture for Investors</h2>
With uncertainty gripping the market, investors are reevaluating their portfolios. While tech stocks have driven past bull markets, gold's latest surge suggests a shift in sentiment. The GLD is already up 13.82% YTD, the IAU has gained 13.85% and the GLDM has gained 13.87% so far this year.
As 2025 unfolds, the question isn't just whether gold will hit $3,500 &#8211; it's whether investors will pivot in time to ride the wave.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44148667/a-benzinga-debate-on-federal-reserve-assets-our-contributors-speak-on-gold-bitcoin">Gold vs. Bitcoin: Which Is The Better Reserve Asset And Why? Experts Weigh In&#8230;</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Long Ideas

Specialty ETFs

Commodities

Exclusives

Markets

Analyst Ratings

Trading Ideas

Interview

ETFs

GLDM

EXCLUSIVE: Expert Sees Gold At $3,500 As Rally Picks Up Steam, 'Diversification Without Sacrificing Growth' She Says

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Goldman Sachs analyst Brooke Roach upgraded the rating for Ralph Lauren Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>) from Neutral to Buy and raised the price target from $280 to $286. Ralph Lauren shares closed at $220.02 on Monday. <a href="https://www.benzinga.com/quote/RL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keefe, Bruyette &amp; Woods analyst Vasundhara Govil upgraded Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) from Market Perform to Outperform but lowered the price target from $87 to $80. Block shares closed at $58.65 on Monday. <a href="https://www.benzinga.com/quote/XYZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Adam Jonas upgraded the rating for Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) from Underweight to Equal-Weight and announced a $3 price target. Lucid Group shares closed at $2.1600 on Monday. <a href="https://www.benzinga.com/quote/LCID/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>UBS analyst Brian Meredith upgraded the rating for Willis Towers Watson Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WTW#NASDAQ">WTW</a>) from Neutral to Buy and raised the price target from $344 to $395. Willis Towers Watson shares closed at $328.33 on Monday. <a href="https://www.benzinga.com/quote/WTW/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>CL King analyst Thomas Hayes upgraded IPG Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPGP#NASDAQ">IPGP</a>) from Neutral to Buy and announced a $76 price target. IPG Photonics shares closed at $63.32 on Monday. <a href="https://www.benzinga.com/quote/IPGP/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying WTW stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="417" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/18112237/image-149-1024x417.png" alt="" class="wp-image-829830" style="width:479px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/18112237/image-149-1024x417.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/18112237/image-149-300x122.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/18112237/image-149-768x312.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/18112237/image-149.png 1443w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next:<a href="https://www.benzinga.com/markets/25/03/44355158/jim-cramer-says-this-tech-stock-is-a-meme-stock-recommends-buying-accenture"> </a>
<ul>
<li><a href="https://www.benzinga.com/markets/25/03/44355158/jim-cramer-says-this-tech-stock-is-a-meme-stock-recommends-buying-accenture">Jim Cramer Calls This Stock A &#8216;Meme Stock,&#8217; Recommends Buying Accenture</a></li>
</ul>

News

Upgrades

IPGP

LCID

This Willis Towers Watson Analyst Turns Bullish; Here Are Top 5 Upgrades For Tuesday

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.globalstar.com%2Fen-us&amp;esheet=54225461&amp;newsitemid=20250318709242&amp;lan=en-US&amp;anchor=Globalstar&amp;index=1&amp;md5=e620e617f33d7e18c99cd8abe3da8bb9">Globalstar</a>, Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSAT#NASDAQ">GSAT</a>) ("Globalstar" or the "Company"), a next-generation telecommunications infrastructure and technology provider, announces the grand opening of its state-of-the-art Satellite Operations Control Center ("SOCC") at its headquarters in Covington, La., on March 17. This milestone marks a significant expansion of Globalstar's operational capabilities and reinforces the Company's strategic growth as it advances next-generation satellite and connectivity solutions.
The grand opening event was attended by notable representatives and local dignitaries, including House Majority Leader Steve Scalise and FCC Chairman Brendan Carr. The event featured live music and a selection of Louisiana cuisine, offering attendees a taste of the region's rich culinary heritage while marking the occasion with local flair.

Politics

General

GSAT

Globalstar Announces Opening Of Satellite Operations Control Center At Covington HQ; Event Attended By House Majority Leader Steve Scalise And FCC Chairman Brendan Carr

Ocean Power Techs (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/OPTT#AMEX">OPTT</a>) reported quarterly losses of $(0.04) per share. This is a 63.64 percent increase over losses of $(0.11) per share from the same period last year. The company reported $825.00 thousand in sales this quarter. This is a 53.96 percent decrease over sales of $1.79 million the same period last year.

Earnings

OPTT

Ocean Power Techs Q3 EPS $(0.04) Up From $(0.11) YoY, Sales $825.00K Down From $1.79M YoY

Global

AMZN

MSFT

Dutch Parliament Approves Motions Calling On Government To Reduce Dependence On U.S. Software Firms; Dutch Parliament Calls On Government To Launch Tender For National Cloud Services Platform

<a href="https://www.cnbc.com/2025/03/18/german-parliament-to-vote-on-fiscal-package-that-could-bring-historic-reforms.html">https://www.cnbc.com/2025/03/18/german-parliament-to-vote-on-fiscal-package-that-could-bring-historic-reforms.html</a>
<ul>
<li>Germany's Bundestag on Tuesday voted in favor of a major fiscal package, with 513 votes in favor and 207 votes against.</li>
<li>The reforms include changes to the long-standing debt brake rule and a 500 billion euro ($548 billion) infrastructure and climate fund.</li>
<li>As it involves changes to the constitution, the package needs a two-thirds majority in parliament, as well as in the Bundesrat, which represents the country's states, to pass.</li>
</ul>
Germany's Bundestag on Tuesday voted in favor of a major fiscal package, which includes changes to long-standing debt policies to enable higher defense spending and a 500 billion euro ($548 billion) infrastructure and climate fund.
Some 513 parliamentary members voted in favor of the plan, while 207 voted against it. There were no abstentions.
&nbsp;
More than two thirds of parliament were needed to support the package in order for it to pass. The law also needs to be approved by the Bundesrat, a body representing the country's states, on Friday to become enshrined in Germany's constitution.
Under the proposed new laws, defense and certain security expenditures above a certain threshold would no longer be subject to the debt brake, which limits how much debt the government can take on and dictates the size of the federal government's structural budget deficit.
Loans taken on as part of the infrastructure fund would also be exempt from the debt brake, while Germany's states would also have greater flexibility around debt.
The Christian Democratic Union, alongside its sister party the Christian Social Union, which jointly won the largest share of votes in Germany's national election in February, proposed the fiscal shift in collaboration with the Social Democratic Party. The factions appear likely to form the incoming coalition government, with the fiscal reform package a by-product of talks about a potential governing partnership between them.
<h2>A tight vote</h2>
Time pressure to pass the reforms is high as they require changes to the constitution and need the support of two thirds of both parliament and the Bundesrat.
&nbsp;
This is likely only possible before the newly elected parliament comes together for the first time next week, as parties opposing the fiscal package will then have a larger share of the vote and could potentially block the plans.
Several of the parties that oppose the reforms have also unsuccessfully launched legal challenges to hinder the vote.
In the lead-up to the Tuesday vote, the CDU-CSU and SPD also had to negotiate for the backing of Germany's Green Party, ultimately agreeing on a <a href="https://www.cnbc.com/2025/03/14/german-parties-agree-on-historic-debt-deal-sources-say.html">compromise</a> that includes 100 billion euros of the infrastructure fund being allocated to climate and economic transformation efforts and a broadening of the security-related issues exempted from the debt brake.
<h2>A boost to the economy?</h2>
Analysts and economists reacted positively to the initial announcement of the plans earlier this month, viewing them as a potentially major boost for Germany's struggling economy.
The German economy narrowly skirted a technical recession — or two consecutive quarters of economic contraction — throughout 2023 and 2024, but has been effectively stagnant.
The <a href="https://www.oecd.org/en/publications/oecd-economic-outlook-interim-report-march-2025_89af4857-en.html">OECD</a> on Monday said it was now projecting Germany's gross domestic product to grow by an annual 0.4% this year, down from the previously forecast 0.7% expansion. German economic institute <a href="https://www.ifo.de/en/press-release/2025-03-17/ifo-institute-forecasts-near-zero-growth">Ifo</a>, meanwhile, said it was cutting its outlook for the country's economy to 0.2% growth year-on-year.
It comes as Germany is facing sustained infrastructure problems, as well as issues in key industries such as housebuilding and autos. The country is also battling the threat of potential tariffs imposed by U.S. President Donald Trump on imports to the U.S. from Europe — which could be especially difficult for Germany due to its high levels of trade with the U.S.

Macro Economic Events

Economics

'German Parliament Passes Historic Debt Reform, Paving The Way For Higher Defense Spend' - CNBC

Market Summary

Benzinga Market Summary: S&P Falls Amid Continued Uncertainty Ahead Of Wednesday Fed Decision And Apr. 2 Reciprocal Tariff Deadline, US Dollar Index Rises

Ahead of a <a href="https://www.benzinga.com/news/global/25/03/44333033/trump-boasts-very-good-chance-of-russia-ukraine-ceasefire-but-zelenskyy-says-putin-broke-deals-25-times-before">much-anticipated phone call</a> between U.S. President Donald Trump and Russia&#8217;s president Vladimir Putin, Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price action remains closely tied to the outcome of a potential ceasefire in Ukraine.
What Happened: According to Polymarket <a href="https://polymarket.com/event/russia-x-ukraine-ceasefire-before-july?tid=1742310371455">data</a>, a ceasefire in Ukraine has a 61% chance of being announced until July and a 76% chance of being announced until the end of the year.
Vladimir Putin has signaled openness to the idea of a 30-day ceasefire, but voiced conditions that would first have to be fulfilled.
The outcome of ceasefire negotiations could have a significant impact on Bitcoin:
A successful ceasefire might stabilize global markets, boosting investor confidence and driving Bitcoin higher. 
If sanctions on Russia are eased, <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44330826/vladimir-putin-said-nobody-can-ban-bitcoin-now-russia-reportedly-leverages-btc-to-evade-sanctions-when-selling-oil-to-china-india">Russia&#8217;s need for Bitcoin</a> in trade might decrease, potentially reducing demand and exerting downward pressure on price.
A failed agreement could increase volatility, with additional sanctions potentially pushing Russia toward greater Bitcoin adoption while dampening broader market sentiment.
An escalation might trigger risk-aversion among investors, leading to sell-offs in Bitcoin, as seen during the initial stages of the Ukraine conflict in 2022, when Bitcoin prices dropped below $40,000.
Thus, the impact on Bitcoin demand remains mixed.
Price Action: Ahead of the negotiation call and FOMC meet tomorrow, BTC prices are trading 1.6% down at $81,734.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44363340/crypto-leaders-step-up-pressure-on-sec-as-trumps-policies-reshape-regulatory-landscape">Crypto Leaders Step Up Pressure On SEC As Trump&#8217;s Policies Reshape Regulatory Landscape</a>
What's Next: Market observers will be closely watching the outcome of the Trump-Putin negotiation call, as it could significantly impact Bitcoin's price action and broader market sentiment. 
If geopolitical tensions ease, Bitcoin could find a strong bid from institutional investors, while continued uncertainty may heighten short-term volatility.
While the likelihood of a ceasefire remains uncertain, its potential market effects underscore Bitcoin's evolving role in the global financial landscape.
Read Next:
<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/03/44377037/bitcoin-meanders-around-82500-as-etfs-net-275-million-in-inflows">Bitcoin Meanders Around $82,000 As ETFs Net $275 Million In Inflows</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

What Will Happen To Bitcoin Prices If Donald Trump And Vladimir Putin Agree On A Ceasefire In Ukraine?

Guidance

Howmet CEO Says Going To See YoY Increase In Service Volumes Over Next 5-8 Years

U.S. stocks were lower, with the Dow Jones index falling around 300 points on Tuesday.
Shares of IHS Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHS#NYSE">IHS</a>) rose sharply during Tuesday's session following <a href="https://www.benzinga.com/quote/IHS/earnings">fourth-quarter results</a>.
IHS Holding reported quarterly earnings of 73 cents per share which beat the analyst consensus estimate of 9 cents per share. The company reported quarterly sales of $437.822 million which beat the analyst consensus estimate of $424.001 million.
IHS shares jumped 15.2% to $4.5050 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Harrow, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) shares jumped 19.7% to $27.91 following fourth-quarter results.</li>
<li>FinVolution Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FINV#NYSE">FINV</a>) gained 17% to $10.67 after the company reported better-than-expected fourth-quarter financial results. Also, the company announced a new $150 million share repurchase program.</li>
<li>China Liberal Education Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLEU#NASDAQ">CLEU</a>) gained 17% to $2.1755.</li>
<li>Phathom Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHAT#NASDAQ">PHAT</a>) rose 15.9% to $5.61.</li>
<li>USA Rare Earth, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAR#NASDAQ">USAR</a>) gained 12.4% to $16.01.</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) surged 11.6% to $2.4100. Morgan Stanley analyst Adam Jonas upgraded Lucid Group from Underweight to Equal-Weight and announced a $3 price target.</li>
<li>Tencent Music Entertainment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TME#NYSE">TME</a>) rose 10.1% to $14.38 after the company reported better-than-expected quarterly sales.</li>
<li>Elbit Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ESLT#NASDAQ">ESLT</a>) gained 10% to $406.00 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>Diginex Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGNX#NASDAQ">DGNX</a>) rose 9.9% to $71.18.</li>
<li>Millrose Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRP#NYSE">MRP</a>) gained 9.9% to $24.18 after the company declared inaugural dividend and issued 2025 outlook.</li>
<li>UP Fintech Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGR#NASDAQ">TIGR</a>) gained 9.3% to $8.71.</li>
<li>Metsera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSR#NASDAQ">MTSR</a>) rose 7.5% to $30.50.</li>
<li>RLX Technology Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLX#NYSE">RLX</a>) gained 6.4% to $2.0850.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/markets/25/03/44355158/jim-cramer-says-this-tech-stock-is-a-meme-stock-recommends-buying-accenture">Jim Cramer Calls This Stock A &#8216;Meme Stock,&#8217; Recommends Buying Accenture</a></li>
</ul>

Intraday Update

Movers

CLEU

DGNX

ESLT

FINV

HROW

MTSR

PHAT

TIGR

USAR

IHS Holding Posts Upbeat Earnings, Joins Tencent Music Entertainment, Elbit Systems And Other Big Stocks Moving Higher On Tuesday

Taylor Morrison Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMHC#NYSE">TMHC</a>) has outperformed the market over the past 5 years by 29.01% on an annualized basis producing an average annual return of 49.26%. Currently, Taylor Morrison Home has a market capitalization of $5.92 billion. 
Buying $1000 In TMHC: If an investor had bought $1000 of TMHC stock 5 years ago, it would be worth $7,166.26 today based on a price of $58.18 for TMHC at the time of writing.
<h3>Taylor Morrison Home's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1742310926_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

TMHC

$1000 Invested In This Stock 5 Years Ago Would Be Worth This Much Today

In the current market session, Hewlett Packard Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) price is at $15.96, after a 0.76% increase. However, over the past month, the stock decreased by 26.84%, and in the past year, by 5.88%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2025/1742310923_0.png" alt="Past Year Chart" />

<h3>Comparing Hewlett Packard P/E Against Its Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Hewlett Packard has a lower P/E than the aggregate P/E of 27.57 of the Technology Hardware, Storage &amp; Peripherals industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1742310923_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

P/E Ratio Insights for Hewlett Packard

WIIM

Lucid Group shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight.

<a href="https://www.wsj.com/world/china/chinas-xi-is-angered-by-panama-port-deal-that-trump-touted-as-a-win-9a0c22fe?mod=latest_headlines">https://www.wsj.com/world/china/chinas-xi-is-angered-by-panama-port-deal-that-trump-touted-as-a-win-9a0c22fe?mod=latest_headlines</a>
&nbsp;
Chinese leader Xi Jinping is angry about a Hong Kong company's plan to sell Panama Canal ports to a U.S.-led group, in part because the company didn't seek Beijing's approval in advance, people familiar with the matter said.
The Xi leadership had originally planned to use the Panama port issue as a bargaining chip in negotiations with the Trump administration, according to people close to Beijing's decision-making, only to see the rug pulled out from under it.
 &nbsp;

"China's Xi Is Angered By Panama Port Deal That Trump Touted As A Win; Beijing Leader's Displeasure Finds Outlet In Critical Commentaries, But His Tools To Block Sale By Hong Kong Company Are Limited" - WSJ

Investor confidence is slipping fast, with cash levels surging and U.S. equity exposure crumbling to two-year lows, according to Bank of America's <a href="https://www.benzinga.com/topic/expert-ideas">Global Fund Manager Survey. </a>
The shift marks the biggest pullback in risk appetite in years, as fears of economic stagnation and a potential trade war weigh on markets.
<h3 class="wp-block-heading">Are Investors Losing Faith In The US Market?</h3>
The survey, released Tuesday by Bank of America&#8217;s chief investment strategist Michael Hartnett, reveals a sharp drop in investor optimism, with stock allocations plunging and cash holdings rising.
The most notable shift in sentiment is the fading belief in &#8220;U.S. exceptionalism.&#8221; A staggering 69% of fund managers surveyed believe that the theme—centered on the idea that the U.S. economy and stock market can outperform the rest of the world—has peaked.
This has led to a record rotation out of U.S. stocks, with allocation dropping 40 percentage points month-over-month to a net 23% underweight, the lowest since June 2023.
Allocations to global equities have slumped from a net 35% overweight in February to just 6% in March—the lowest level in over four months and one of the largest monthly declines on record. 
Instead of moving into bonds, investors have parked their capital in cash, with allocation rising from from 3.5% to 4.1%.
Although the shift has effectively ended the contrarian &#8220;sell signal&#8221; from Dec. 17, 2024, Hartnett remains cautious, noting that fund managers are not heavily positioned for a recession or a deep bear market.
&#8220;No one is long recession/bonds, and FMS positioning is nowhere near extreme bear/close-your-eyes-and-buy levels,&#8221; he said.
Last week, the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), fell into a correction after dropping more than 10% from its February peak.
Since 1998, the S&amp;P 500 has experienced 11 corrections of at least 10%, with an average decline of 14.3%. Based on current levels, this would imply a potential drop to 5,268.
<h3 class="wp-block-heading">Macro Pessimism Nears Record Highs</h3>
Bank of America&#8217;s broadest measure of sentiment, which factors in cash levels, equity allocations and growth expectations, fell from 6.4 in February to 3.8 in March—a seven-month low.
The drop represents the largest single-month decline since March 2020 and the seventh-largest in 24 years. Historically, such sharp sentiment swings have only occurred during major financial crises, including the Great Recession in August 2007 and the European debt crisis in May 2010.
Fund managers are bracing for economic headwinds, with 63% expecting a weaker global economy in the next 12 months. 
This marks the second-largest monthly increase in macro pessimism on record, with data stretching back to 1994. The uncertainty surrounding global trade and inflationary pressures has driven investors toward safer assets.
<h3 class="wp-block-heading">What Are Fund Managers Betting On?</h3>
Gold remains the favored hedge against a potential economic downturn. If a full-blown trade war erupts, 58% of surveyed fund managers anticipate gold will be the best-performing asset. 
Since the start of the year, the bullion &#8211; tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) &#8211; has rallied by 14.3%.
The so-called &#8220;Magnificent Seven&#8221;—referring to tech giants like Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) —remains the most crowded trade, though enthusiasm has waned, with participation falling to its lowest level since November 2023.
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Equity Exposure Plummets, Cash Holdings Jump As Investors Rethink 'US Exceptionalism,' Bank Of America Survey

Howmet CEO Says In Process Of Providing Responses To Customers In Terms Of Quotation Requests After SPS Plant Fire; Company Has Certification For Certain Parts That Had Been Made At SPS Factory; Boeing CEO Move To Seattle Was Necessary; In Some Product Areas, Our Production Rate Is Higher Than Boeing

After Belite Bio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLTE#NASDAQ">BLTE</a>) reported results, its <a href="https://www.benzinga.com/quote/BLTE">stock has been under pressure</a>.
The company reported its results amid an <a href="https://www.benzinga.com/earnings">exciting earnings season</a>. Here are some key analyst takeaways.
HC Wainwright On Belite Bio
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5defa41dbffdfc00019394f4/yi-chen">Analyst Yi Chen</a> maintained a Buy rating and price target of $100.
Belite Bio reported a net loss of $36.1 million, or $1.18 per share, "slightly higher than our estimated loss of $35.7M," Chen said in a note. Last month, the company announced positive results from "a pre-specified interim analysis of the pivotal Phase 3 DRAGON trial of tinlarebant in adolescent Stargardt disease (STGD1) patients," he added.
The trial can now proceed without any modifications and does not need an increase in the sample size, the analyst stated. If the DRAGON trial, which is likely to be completed by the fourth quarter of 2025, shows data that is similar to or better than the Phase 2 data, "tinlarebant could potentially become the first FDA-approved treatment for STGD1," he further wrote.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Cantor Fitzgerald On Belite Bio
<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e454026efd7b7000141bbcd/jennifer-kim">Analyst Jennifer Kim</a> reiterated an Overweight rating on the stock.
Belite Bio reported cash and investments of $145.1 million and gross proceeds of $15 million, Kim said. Enrollment in the DRAGON II trial is ongoing in adolescent STGD1, she added.
The Phase III DRAGON trial is expected to be completed by the fourth quarter of 2025 and the data could be released by early 2026, the analyst stated. "Over the next ~12-18 months, we expect share appreciation to be driven by updates across tinlarebant&#8217;s P3 programs in both STGD1 (DRAGON, DRAGON II) and geographic atrophy (PHOENIX)," she wrote.
BLTE Price Action: Shares of Belite Biohad declined by 0.46% to $67.50 at the time of publication on Tuesday.
Read More: <a href="https://www.benzinga.com/government/regulations/25/02/43949618/cisco-and-nvidia-expand-ai-partnership-secure-us-government-authorization-for-cloud-security"> </a>
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<li><a href="https://www.benzinga.com/government/regulations/25/02/43949618/cisco-and-nvidia-expand-ai-partnership-secure-us-government-authorization-for-cloud-security">Demystifying Legend Biotech: Insights From 5 Analyst Reviews</a></li>
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Photo: Shutterstock

BLTE

Belite Bio Analysts See Potential For Stock Gains With Progress In Key Trials

The Oracle of Omaha is shaking things up this year with a rule change to his <a href="https://www.benzinga.com/topic/march-madness">March Madness bracket challenge</a>.
What Happened: In past years, billionaire Warren Buffett offered <a href="https://www.benzinga.com/general/entertainment/22/03/26224759/warren-buffett-owns-what-10-berkshire-acquisitions-you-may-have-forgotten">thousands of employees </a>who work at various companies owned by Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) the chance to win $1 billion — if they get <a href="https://www.benzinga.com/general/sports/24/03/37792771/warren-buffett-once-offered-1b-for-a-perfect-march-madness-bracket-now-pepsi-is-offering-100k-for-">a perfect bracket.</a>
For the 2025 March Madness challenge — which starts with a round of 64 games on Thursday, March 20 — Buffett is now offering a $1 million prize for the person who picks 30 of the 32 first-round games correctly.
"I'm getting older,&#8221; Buffett <a href="https://www.wsj.com/sports/march-madness-tournament-bracket-warren-buffett-05f94416">told </a>The Wall Street Journal. &#8220;I want to give away a million dollars to somebody while I'm still around as chairman.&#8221;
In 2024, around 65,000 of Berkshire's 400,000 employees participated in the challenge. With the odds increasingly better to win $1 million, it will be interesting to see if more people participate.
If no one claims the $1 million prize for at least 30 of the first 32 games picked correctly, a $250,000 prize is offered to the person who selects the most games right out of the 63 total matchups during the NCAA Men's National Basketball Tournament.
While Buffett often bets on making money, this time he's rooting to give away $1 million.
"Just think of the excitement it would create all over the place if somebody gets a million instead." I hope it's this year. We made it easier this year than ever."
Past Berkshire Hathaway employees have gotten at least 30 of the first 32 games correct, including Dwayne Johnson (not the actor/wrestler, but rather a steelworker at Precision Castparts). Johnson picked 31 of the first 32 games correctly and won $100,000 in 2017. If the rules from this year had been in play then, he would have won $1 million.
While the initial challenge to win $1 million got easier, Buffett also has a near-impossible challenge still in play. If anyone in the Berkshire Hathaway challenge correctly guesses the winners of the first 48 games correctly they win $1 million a year for life.
Read Also:<a href="https://www.benzinga.com/general/sports/25/03/44359867/robinhood-launches-march-madness-event-contracts-with-kalshi-change-the-world-of-finance-and-trading"> Robinhood Launches March Madness Event Contracts With Kalshi: &#8216;Change The World Of Finance And Trading&#8217;</a>
Why It's Important: As Benzinga has previously reported, the odds of selecting a perfect bracket are 1 in 9.2 quintillion if using a coinflip or basic 50/50 odds. The odds improve if using seeds, trends and basketball knowledge to around 1 in 128 billion.
Noone has ever had a perfect bracket in history based on public record.
The odds of winning Buffett's challenges depend on how many upsets there are in the early rounds. In 2019, one in every 3,080 brackets correctly predicted 30 of the first 32 games with minimal upsets. In 2021, one in every 1,578,469 brackets had 30 of the first 32 games correctly predicted based on numerous upsets.
The NCAA has only one bracket on record since 2016 that has correctly picked the first 48 games.
While Buffett is making it easier to win $1 million and a big prize, other companies will likely offer big prizes for perfect brackets, knowing the odds are near impossible.
This year, social media platform X, is <a href="https://x.com/XBusiness/status/1900293498177552601">offering </a>an out-of-this-world prize for anyone that can correctly predict a perfect bracket. Partnering with Uber Eats and SpaceX, X is giving away a trip to Mars on SpaceX's Starship in the future.
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Image: Shutterstock

Sports

Warren Buffett 2025 March Madness Challenge Winner No Longer Has To Be Perfect: 'I Want To Give Away A Million Dollars'

<a href="https://www.ft.com/content/e6f516e8-2262-44d2-a030-7071b62b0be7" title="https://www.ft.com/content/e6f516e8-2262-44d2-a030-7071b62b0be7">https://www.ft.com/content/e6f516e8-2262-44d2-a030-7071b62b0be7</a>

'Google Parent Alphabet Agrees $3.2B Break Fee In Wiz Deal' - Financial Times

On March 17, a substantial insider purchase was made by CARL ICAHN, 10% Owner at CVR Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVI#NYSE">CVI</a>), as per the latest SEC filing.
What Happened: ICAHN demonstrated confidence in CVR Energy by purchasing 87,977 shares, as reported in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001376139/000106299325005613//Archives/edgar/data/1376139/000106299325005613/0001062993-25-005613-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the transaction is $1,595,911.
Tracking the Tuesday's morning session, CVR Energy shares are trading at $20.77, showing a up of 0.44%.
<h3>Unveiling the Story Behind CVR Energy</h3>
CVR Energy Inc is a holding company that engages in petroleum refining and nitrogen fertilizer manufacturing through its subsidiaries. Subsidiaries include several complex, full-coking crude oil refineries, along with a crude oil gathering system, pipelines and storage tanks, and marketing and supply. The company's refineries can process blends of a variety of crude oil ranging from heavy sour to light sweet crude oil. Crude oil for CVR's refineries is supplied through its wholly-owned gathering system and pipeline. From its refineries, CVR supplies products through tanker trucks directly to customers located in close geographic proximity and customers at throughput terminals. The company's customers include retailers, railroads, and farm cooperatives.
<h3>Breaking Down CVR Energy's Financial Performance</h3>
Revenue Growth: CVR Energy's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2024, the company experienced a revenue decline of approximately -11.58%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Energy sector.
Evaluating Earnings Performance:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 2.88%, indicating concerns regarding cost management and overall profitability relative to its industry counterparts.
</li>
<li>
Earnings per Share (EPS): CVR Energy's EPS is a standout, portraying a positive bottom-line trend that exceeds the industry average with a current EPS of 0.28.
</li>
</ul>
Debt Management: CVR Energy's debt-to-equity ratio surpasses industry norms, standing at 2.75. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The current Price to Earnings ratio of 344.67 is higher than the industry average, indicating the stock is priced at a premium level according to the market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.27 is lower than the industry average, implying a discounted valuation for CVR Energy's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an impressive EV/EBITDA ratio of 7.68, CVR Energy demonstrates exemplary market valuation, surpassing industry averages.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Navigating the Impact of Insider Transactions on Investments</h3>
Investors should view insider transactions as part of a multifaceted analysis and not rely solely on them for decision-making.
In legal terms, an "insider" refers to any officer, director, or beneficial owner of more than ten percent of a company's equity securities registered under Section 12 of the Securities Exchange Act of 1934. This can include executives in the c-suite and large hedge funds. These insiders are required to let the public know of their transactions via a Form 4 filing, which must be filed within two business days of the transaction.
When a company insider makes a new purchase, that is an indication that they expect the stock to rise.
Insider sells, on the other hand, can be made for a variety of reasons, and may not necessarily mean that the seller thinks the stock will go down. 
<h3>Navigating the World of Insider Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001376139">Check Out The Full List Of CVR Energy's Insider Trades.</a>
Insider Buying Alert: Profit from C-Suite Moves
Benzinga Edge reveals every insider trade in real-time. Don't miss the next big stock move driven by insider confidence. Unlock this ultimate sentiment indicator now. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22in8&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here for access</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Confidence On Display: CARL ICAHN Acquires $1.60M In CVR Energy Stock

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