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Xilio Therapeutics

Xilio Therapeutics Inc is a clinical-stage biotechnology company discovering and developing tumor-activated immuno-oncology (I-O) therapies with the goal of significantly improving outcomes for people living with cancer without the systemic side effects of current I-O treatments. The company is using its proprietary platform to advance a pipeline of novel, tumor-activated clinical and preclinical I-O molecules that are designed to optimize the therapeutic index by localizing anti-tumor activity within the tumor microenvironment, including tumor-activated cytokines and antibodies (including bispecifics) and immune cell engagers (including tumor-activated cell engagers and tumor-activated effector-enhanced cell engagers).

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Xilio Therapeutics Inc

President Donald Trump has significantly reduced tariffs on Chinese imports as the United States enters a 90-day period of trade negotiations with China, according to a May 12 executive order.
What Happened: The order decreases the de minimis tariff rate on low-value Chinese imports from 120% to 54%, effective May 14. 
Additionally, the planned increase of the per-postal-item duty from $100 to $200, originally scheduled for June 1, has been suspended. The executive order also lowers general Chinese import tariffs to 10% by suspending 24% from the previously imposed rate for the 90-day negotiation period.
Trump justified these reductions by stating that China has taken &#8220;significant steps to remedy non-reciprocal trade arrangements&#8221; by entering discussions with the United States to address &#8220;the lack of trade reciprocity in our economic relationship and our resulting national and economic security concerns.&#8221; 
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45366471/elliott-management-scores-key-win-in-phillips-66-proxy-fight-as-iss-backs-all-four-board-nominees-ahead-of-may-21-vote">Elliott Management Scores Key Win In Phillips 66 Proxy Fight As ISS Backs All Four Board Nominees Ahead Of May 21 Vote</a>
Why It Matters: The tariff adjustments represent a significant shift in Trump&#8217;s trade strategy that previously targeted Chinese e-commerce platforms like Temu owned by PDD Holdings Inc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) and Shein, after closing the de minimis exemption that had allowed <a href="https://www.benzinga.com/news/retail-sales/25/04/44714336/temu-shein-brace-for-impact-as-trumps-tariff-torpedo-blows-up-the-800-loophole">goods valued under $800 </a>to enter the United States duty-free. 
The earlier crackdown had substantial ripple effects across digital advertising markets, with Sensor Tower reporting that <a href="https://www.benzinga.com/25/05/45190742/meta-google-snap-set-to-lose-billions-in-ad-revenue-from-chinese-sellers-as-trump-closes-de-minimis-loophole-report">Temu reduced its average daily U.S. advertising</a> spend by 31% between March and mid-April. 
Marketing firm Tinuiti noted that Temu, which represented 19% of all U.S. Google Shopping ads, saw its share <a href="https://www.benzinga.com/25/05/45190742/meta-google-snap-set-to-lose-billions-in-ad-revenue-from-chinese-sellers-as-trump-closes-de-minimis-loophole-report">drop to zero just one week later</a>. 
Image Via Shutterstock
Read Next:
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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/05/45366281/bitcoin-ethereum-dogecoin-retreat-stocks-rally-after-us-china-tariff-de-escalation-analyst-sees-opportunity-in-2100-2250-if-eth-corrects">Bitcoin, Ethereum, Dogecoin Retreat, Stocks Rally After US-China Tariff De-Escalation: Analyst Sees Opportunity In $2,100-2,250 If ETH Corrects</a></li>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Trump Lowers De Minimis Tariff On Chinese Imports From 120% To 54%, Pauses $200 Postal Fee Amid 90-Day Trade Shift

Investment banks managing Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) battery supplier CATL&#8217;s IPO, the world&#8217;s largest listing of 2025, are set to earn underwriting fees that fall below the industry standard. 
What Happened: Nine underwriters of Shenzhen-listed battery titan CATL are projected to receive a maximum of HK$238.7 million ($30.62 million). This data was shared by the Chinese firm in a securities filing earlier this week. The fixed commission on Hong Kong's largest listing of the year is just 0.2% of the funds raised—well below the industry average, according to Reuters. 
This fee is just one-third of what Chinese home appliance maker Midea paid banks last year for its nearly $4.6 billion Hong Kong listing. It's also only a quarter of the 0.8% underwriting fee that China's largest express delivery firm, S.F. Holding, paid for its $792 million secondary listing in Hong Kong last November.
The sponsors of the CATL deal—JPMorgan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), Bank of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), China International Capital Corporation, and China Securities International—will each receive $300,000 for their involvement. That's roughly half the five-year market average, according to Dealogic data. Meanwhile, Goldman Sachs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) and UBS are serving as joint global coordinators for CATL&#8217;s Hong Kong listing,
CATL may offer a 0.6% discretionary fee as an incentive. The modest fees underscore the tough environment banks face in Asia&#8217;s financial hub, even as a recent uptick in trading volumes and new listings has raised hopes for a rebound in major Chinese offerings.
SEE ALSO: <a href="https://benzinga.com/news/25/05/45314762/charlie-munger-was-once-asked-why-warren-buffett-was-so-much-richer-and-replied-he-got-an-earlier-start-before-adding-why-was-albert-einstein-poorer-than-i-was" target="_blank" rel="noreferrer noopener">Charlie Munger Was Once Asked Why Warren Buffett Was So Much Richer — He Replied, &#8216;He Got An Earlier Start,&#8217; Then Added, &#8216;Why Was Albert Einstein Poorer Than I Was?&#8217; &#8211; Benzinga</a>
Why It Matters: This development comes after <a href="https://www.benzinga.com/25/05/45343633/tesla-battery-supplier-catl-to-raise-4-billion-through-hong-kong-listing-report">CATL&#8217;s announcement</a> to raise over $4 billion through a stock listing on Hong Kong&#8217;s stock exchange. The company, a battery supplier for the Elon Musk-led Tesla Inc, aimed to raise the figure by selling over 117.9 million shares priced at HK$263 ($33.75).
CATL&#8217;s offering has seen strong demand and was oversubscribed multiple times since its launch on Monday, attracting interest from sovereign wealth funds and global long-only investors, according to a book message reviewed by Reuters.
Earlier in April, CATL had&nbsp;<a href="https://www.benzinga.com/markets/25/04/44894382/tesla-battery-supplier-catl-unveils-new-fast-charging-battery-with-323-mile-range-in-five-minutes">launched</a>&nbsp;the second-generation ‘Shenxing&#8217; fast-charging battery, which can power over 67 new EVs this year. The battery enables a range of 520 km or approximately 323 miles on a 5-minute charge, and can also be charged from 0% to 80% in 15 minutes in cold weather.
<ul class="wp-block-list">
<li>READ MORE: <a href="https://benzinga.com/markets/cryptocurrency/25/05/45354990/scottie-pippen-declares-altcoin-season-as-ethereum-xrp-dogecoin-shiba-inu-rally" target="_blank" rel="noreferrer noopener">Scottie Pippen Declares &#8216;Altcoin Season&#8217; As Ethereum, XRP, Dogecoin, Shiba Inu Rally &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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TSLA

Tesla Supplier CATL Sets Modest Underwriting Fees For World's Biggest IPO Of 2025

During its <a href="https://benzinga.com/general/space/25/05/45361586/ast-spacemobile-reports-q1-earnings-key-highlights-from-the-quarter">first quarter earnings</a> call on Monday, satellite designer and manufacturer, AST SpaceMobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) gave a concrete revenue guidance for the first time, forecasted between $50 million to $75 million, heavily weighted to the back half of this year.
What Happened: &#8220;We believe we have a revenue opportunity in 2025 in the range of $50 million to $75 million, back-end loaded in the second half of the year,&#8221; CFO Andrew Johnson said during the call. &#8220;Revenue is ramping on plan,&#8221; he said, from satellite deployments, gateway installations, and milestone payments under government and mobile operator agreements.
See Also: <a href="https://www.benzinga.com/25/05/45367861/ed-yardeni-revises-recession-odds-to-25-after-the-rally-bumps-sp-500-year-end-target-to-6500">Ed Yardeni Slashes Recession Odds To 25% After US Stocks Rally, Lifts S&amp;P 500 Year-End Target To 6,500</a>
The company credited its rapid monetization progress to AST's direct-to-device technology, which allows unmodified mobile devices to connect directly with its growing network of low Earth orbit communication satellites. 
&#8220;We're building the first and only global cellular broadband network in space to operate directly with everyday unmodified mobile devices,&#8221; said President Scott Wisniewski.
&#8220;If you can run a video call, you can support basically any native application that is in your phone,&#8221; said CEO Abel Avellan, highlighting recent video call demonstrations conducted with partners including AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>), Vodafone Group Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOD#NASDAQ">VOD</a>), and Rakuten Group Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RKUNY#OTC">RKUNY</a>).
Why It Matters: With its direct-to-device technology, AST SpaceMobile is targeting more than <a href="https://www.benzinga.com/content/44930148/ast-spacemobile-5-reasons-to-buy-this-tiny-trailblazer-stock">3 billion potential users</a>, part of the 42% of the global population currently lacking cellular coverage. The company has already signed agreements with 45 mobile network operators worldwide to help extend its reach.
During its recent first quarter results on Monday, the company reported $718,000 in revenue, up 43.60% year-over-year, but this <a href="https://benzinga.com/general/space/25/05/45361586/ast-spacemobile-reports-q1-earnings-key-highlights-from-the-quarter">fell short of consensus</a> estimates by $3.13 million. The company posted a loss of $0.20 per share, which was again $0.01 over analyst estimates.
Price Action: The stock was up 5.43% on Monday, but is down 3.08% after hours following the company&#8217;s first quarter results that fell short of estimates.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="136" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13034237/Screenshot-2025-05-13-at-1.12.26-PM-1024x136.png" alt="" class="wp-image-913025" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13034237/Screenshot-2025-05-13-at-1.12.26-PM-1024x136.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13034237/Screenshot-2025-05-13-at-1.12.26-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13034237/Screenshot-2025-05-13-at-1.12.26-PM-768x102.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13034237/Screenshot-2025-05-13-at-1.12.26-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13034237/Screenshot-2025-05-13-at-1.12.26-PM.png 1606w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
According to Benzinga Edge Stock Rankings, the stock has a strong Momentum score and a favorable price trend in the short, medium, and long term. For more such insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>. 
Image Via Shutterstock 
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/05/45367829/pharma-bro-martin-shkreli-rips-into-quantum-stocks-nothing-is-happening-accuses-ionq-d-wave-quantum-and-others-of-revenue-gimmicks">&#8216;Pharma Bro&#8217; Martin Shkreli Rips Into Quantum Stocks: &#8216;Nothing Is Happening&#8217;—Accuses IONQ, D-Wave Quantum, And Others Of Revenue Gimmicks</a></li>
</ul>

Earnings

SPACE

ASTS

RKUNY

AST SpaceMobile Sets $75 Million Target For 2025 As CFO Andrew Johnson Says 'Revenue Is Ramping On Plan' Amid Surging Demand For Direct-To-Device Satellite Connectivity

Industry commitment reflects growing demand for integrated communications solutions; 8x8 to share exclusive insights at May conference.

EGHT

8x8 Expands Irish Market Presence With Gold Sponsorship Of CCMA Ireland, Reinforcing Commitment To CX Innovation

In the wake of a 90-day suspension of most tariffs between the U.S. and China, President Donald Trump stated that he engaged in talks with&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook.
What Happened: Trump revealed that Cook intends to boost Apple&#8217;s investment in U.S. operations. &#8220;I spoke to Tim Cook this morning and he&#8217;s going to, I think, even up his numbers,&#8221; Trump said. &#8220;$500 billion, he&#8217;s going to be building a lot of plants in the United States for Apple. And we look forward to that,&#8221; <a href="https://editorial.benzinga.com/wp-admin/admin.php?id=3046&amp;page=benzinga-neuro-displayarticle">reported</a> CNBC.
In early February, Apple revealed plans to invest $500 billion in expanding its U.S. operations, which include assembling artificial intelligence servers in Houston.
Although the U.S.-China trade war truce is expected to benefit Apple, it's uncertain how much Monday's announcement provided immediate relief for the tech giant. Despite a few exemptions, Apple continues to face tariffs on Chinese imports as well as products manufactured in secondary hubs like India and Vietnam.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45356571/shiba-inu-jumps-27-in-7-days-what-is-going-on" target="_blank" rel="noreferrer noopener">Shiba Inu Jumps 27% In 7 Days: What Is Going On? &#8211; Benzinga</a>
Why It Matters: The Trump administration has been pressuring Apple to move device production, including iPhones, to the U.S.—a shift many experts view as both unlikely and expensive. Earlier this month, U.S. Commerce Secretary Howard Lutnick indicated that Cook had <a href="https://www.benzinga.com/markets/25/05/45162929/tim-cook-tells-commerce-secretary-lutnick-how-apple-could-bring-iphone-manufacturing-to-us">discussed</a> the potential of relocating iPhone production to the U.S. This conversation aligns with the Trump administration&#8217;s push for Apple to shift device production to the U.S.
On an earnings call, Cook discussed Apple's tariff strategy with investors, stating that the company is currently sourcing products bound for the U.S. from manufacturing sites in Vietnam and India. However, he refrained from making projections beyond June, describing the situation as "difficult to predict."
Furthermore, amid ongoing trade tensions, recent reports indicate that Apple has been contemplating<a href="https://www.benzinga.com/25/05/45347263/apple-weighs-iphone-price-hike-this-fall-steering-clear-of-tariff-blame-report"> raising the prices</a> for its forthcoming fall iPhone models. However, the tech giant is keen to dismiss any notion that a possible price increase is tied to U.S. tariffs on Chinese goods, where most of its devices are assembled.
The tariff suspension resulted in a 6.3% increase in Apple&#8217;s stock on Monday. On a year-to-date basis, the stock plunged 13.56%, as per <a href="https://pro.benzinga.com/dashboard">data </a>from Benzinga Pro.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/05/45314762/charlie-munger-was-once-asked-why-warren-buffett-was-so-much-richer-and-replied-he-got-an-earlier-start-before-adding-why-was-albert-einstein-poorer-than-i-was" target="_blank" rel="noreferrer noopener">Charlie Munger Was Once Asked Why Warren Buffett Was So Much Richer — He Replied, &#8216;He Got An Earlier Start,&#8217; Then Added, &#8216;Why Was Albert Einstein Poorer Than I Was?&#8217; &#8211; Benzinga</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

AAPL

Apple May 'Up Its Numbers' Amid China Tariff Truce: Trump Talks $500 Billion US Investment After Tim Cook Call

China has reportedly resumed accepting Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) aircraft deliveries after <a href="https://www.benzinga.com/25/04/44960098/boeing-ceo-says-china-stopped-taking-airplane-deliveries-as-trade-war-rages">a month-long pause</a>, following a significant trade breakthrough with the United States. The development comes as both nations attempt to ease tensions and steady economic ties.
What Happened: Officials in Beijing have told local airlines that they may now proceed with accepting new aircraft from Boeing, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-05-13/china-removes-ban-on-boeing-deliveries-after-us-trade-truce">reported</a>, citing sources. Airlines have been granted the flexibility to schedule the incoming jets on the basis of their operational needs.
Prior to this, multiple <a href="https://www.benzinga.com/25/04/44888512/boeing-jet-returns-to-us-amid-escalating-tariff-tensions-with-china">planes were returned</a> to the United States after Chinese airlines declined to accept them due to tariffs, which <a href="https://www.benzinga.com/25/04/45059743/china-open-to-co-operate-with-us-firms-voices-concern-over-trade-war-impact-as-tariffs-hits-chinese-airlines-and-boeing">China's commerce ministry remarked</a> was hurting the sector.
In response, <a href="https://www.benzinga.com/markets/equities/25/04/44970516/boeing-adjusts-strategy-amid-trump-tariff-fallout-ceo-kelly-ortberg-says-wont-build-aircraft-for-customers-who-will-not-take-them-as-china-halts-deliveries">Boeing indicated its readiness</a> to present the undelivered jets to new buyers in other markets.
Boeing did not immediately respond to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45367206/sp-500-rallies-over-3-on-us-china-90-day-tariff-truce-but-experts-warn-it-doesnt-guarantee-a-complete-resolution-of-the-trade-war">S&amp;P 500 Rallies Over 3% On US-China 90-Day Tariff Truce, But Experts Warn It &#8216;Doesn&#8217;t Guarantee A Complete Resolution Of The Trade War&#8217;</a>
Why It Matters: Around 50 Boeing aircraft are now expected to reach Chinese airlines this year, sparing the company the expense and delays of seeking replacement customers, and confirming a regular inflow of revenue once deliveries are made.
China is projected to create one-fifth of the world's airplane demand over the next two decades. In 2018, it accounted for nearly 25% of Boeing's total production, Bloomberg noted.
As the U.S. and China have agreed to <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">halt their trade dispute</a> for 90 days, reducing most of their retaliatory tariffs from 125% to 10%, <a href="https://www.benzinga.com/25/05/45344582/boeing-stock-is-up-on-monday-heres-why">Boeing is set to benefit</a>, with shares climbing on Monday.
Image Via Shutterstock 
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/equities/25/05/45366492/jim-cramer-says-sit-tight-as-china-tariff-pause-creates-game-of-chicken-that-could-steamroll-market-timers">Jim Cramer Says &#8216;Sit Tight&#8217; As China Tariff Pause Creates &#8216;Game Of Chicken&#8217; That Could Steamroll Market Timers</a></li>
</ul>

China Ends Freeze On Boeing Deliveries As 90-Day Tariff Pause With US Brings Relief: Report

Experts are predicting a surge in the shipments of goods from China to the U.S. following the <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">90-day tariff pause</a>, which could potentially spur economic activity in the term.
What Happened: According to Ryan Petersen, the founder and CEO of a supply chain management company, Flexport, ocean freight bookings from China to the U.S. increased 35% on the first day since the trade deal.
&#8220;A big backlog is looming; soon the ships will be sold out,&#8221; he added.
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<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Our ocean freight bookings from China to US increased 35% in the first day since the trade deal. A big backlog is looming, soon the ships will be sold out.
&mdash; Ryan Petersen (@typesfast) <a href="https://twitter.com/typesfast/status/1922075631270953226?ref_src=twsrc%5Etfw">May 12, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Louis Navellier from Navellier &amp; Associates also backed this by forecasting that businesses were likely to load up on goods during the 90-day postponement window.
&#8220;In the short run, businesses will be loading up on goods during the 90-day postponement window, which will support employment and reduce the full impact of the tariffs on inflation, and longer term, we should see further announcements of expansion of U.S. manufacturing, which should support business activity and employment,&#8221; he said.
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45367206/sp-500-rallies-over-3-on-us-china-90-day-tariff-truce-but-experts-warn-it-doesnt-guarantee-a-complete-resolution-of-the-trade-war">S&amp;P 500 Rallies Over 3% On US-China 90-Day Tariff Truce, But Experts Warn It &#8216;Doesn&#8217;t Guarantee A Complete Resolution Of The Trade War&#8217;</a>
Why It Matters: As the concerns about &#8220;<a href="https://www.benzinga.com/markets/25/05/45339784/mohamed-el-erian-warns-us-china-deal-reveals-americas-fear-of-empty-shelves-as-markets-rally-on-trade-optimism-peter-schiff-skeptical-without-renminbi-revaluation">empty shelves</a>&#8221; rattled the businesses and the economists after the tariff announcement, a 90-day pause is a short-term relief. 
According to the data highlighted by Torsten Slok, the chief economist at Apollo Academy, the <a href="https://www.benzinga.com/government/regulations/25/05/45341850/economists-warn-of-empty-shelves-if-goods-stop-coming-from-china-amid-falling-inventory-to-sales-ratio-and-potential-tariffs">inventory-to-sales ratio for retailers</a> fell below the pre-pandemic level, sparking concerns about lower inventory as compared to the sales made by these retailers. 
Slok explained, "In other words, retailers will more quickly have empty shelves when goods no longer come in from China."
However, the boost in goods ordered from China to the U.S. could help ease these concerns, as highlighted by Flexport CEO and Navellier.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, jumped with joy on Monday. The SPY was up 3.30% to $582.99, while the QQQ advanced 4.07% to $507.85, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
After Monday, all the indices were out of the correction zone. The S&amp;P 500 index was down 4.93% from its record high of 6,147.43 points, scaled on Feb. 19. Dow Jones was 5.91% lower than its 52-week high of 45,073.63 points, and Nasdaq 100 was 6.09% lower than its previous high of 22,222.61 points.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Monday&#8217;s Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>4.35%</td>
<td>18,708.34</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>3.26%</td>
<td>5,844.19</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>2.81%</td>
<td>42,410.10</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>3.42%</td>
<td>2,092.20</td>
</tr>
</tbody>
</table>
</figure>
On Tuesday, the futures of the Dow Jones, S&amp;P 500, and Nasdaq 100 indices were trading lower.
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/25/05/45344120/cathie-wood-says-ai-innovation-in-healthcare-will-be-more-profound-than-autonomous-taxi-ne">Cathie Wood Says AI Innovation In Healthcare Will Be More &#8216;Profound&#8217; Than Autonomous Taxi Networks, Humanoid Robots</a></li>
</ul>
Image Via Shutterstock

Analyst Color

Government

Macro Notification

Market Summary

Broad U.S. Equity ETFs

Futures

Analyst Ratings

ETFs

China To US Goods Shipment Jump After 90-Day Tariff Postponement: 'A Big Backlog Is Looming'

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, while the index remained in the &#8220;Greed&#8221; zone on Monday.
U.S. stocks settled higher on Monday, with the Dow Jones index jumping more than 1,100 points during the session. The U.S. and China agreed to a 90-day truce by slashing triple-digit tariffs effective May 14. The Trump administration also agreed to hold more formal trade talks with Beijing after mounting signs of economic pressure on businesses and consumers.
However, major indices on the US closed lower last week, with the S&amp;P 500 falling about 0.5% and the Nasdaq down around 0.3%. The Dow also declined almost 0.2% in the week.
NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) reported better-than-expected first-quarter financial results. Shares of Kindly MD, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>) jumped 251% on Monday after the company announced a merger agreement with Nakamoto Holdings to start a Bitcoin treasury strategy.
On the economic data front, the U.S. government recorded a $258 billion budget surplus in April, up 23% year-over-year.
Most sectors on the S&amp;P 500 closed on a positive note, with information technology, consumer discretionary and communication services stocks recording biggest gains on Friday. However, utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 1,161 points to 42,410.10 on Monday. The S&amp;P 500 surged 3.26% to 5,844.19, while the Nasdaq Composite jumped 4.35% at 18,708.34 during Monday's session.
Investors are awaiting earnings results from Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>), CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) and JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) today.
At a current reading of 66.1, the index remained in the &#8220;Greed&#8221; zone on Monday, versus a prior reading of 63.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/05/45347009/top-2-tech-stocks-that-may-crash-in-q2">Top 2 Tech Stocks That May Crash In Q2</a> </li>
</ul>
Photo via Shutterstock

Pre-Market Outlook

Trading Ideas

CYBR

KDLY

Nasdaq Jumps Over 4% Following US-China Tariff Truce: Investor Sentiment Improves As Fear Index Remains In 'Greed' Zone

With U.S. stock futures trading lower this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul class="wp-block-list">
<li>Wall Street expects Under Armour, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) to report a quarterly loss at 8 cents per share on revenue of $1.16 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Under Armour shares gained 1.8% to $6.32 in after-hours trading.</li>
<li>Acadia Healthcare Company, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACHC#NASDAQ">ACHC</a>) reported better-than-expected first-quarter financial results, after the closing bell on Monday. The company posted adjusted earnings of 40 cents per share, beating market estimates of 36 cents per share. The company's quarterly sales came in at $770.50 million versus expectations of $769.84 million. Acadia Healthcare shares surged 5% to $27.13 in the after-hours trading session.</li>
<li>Analysts are expecting CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) to post quarterly earnings at 79 cents per share on revenue of $305.23 million. The company will release earnings before the markets open. CyberArk Software shares gained 0.9% to $371.00 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul class="wp-block-list">
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) share rose sharply in after-hours trading on Monday on announcement that the company will join the S&amp;P 500, effective before the opening of trading on Monday, May 19. Coinbase Global shares jumped 10.9% to $229.90 in the after-hours trading session.</li>
<li>Analysts expect JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) to report quarterly earnings at $1.02 per share on revenue of $37.91 billion before the opening bell. JD.com shares rose 1.1% to $36.46 in after-hours trading.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/05/45347009/top-2-tech-stocks-that-may-crash-in-q2">Top 2 Tech Stocks That May Crash In Q2</a> </li>
</ul>
Photo via Shutterstock

ACHC

COIN

Under Armour, CyberArk Software And 3 Stocks To Watch Heading Into Tuesday

Dave Ramsey says a $100 monthly investment can make millionaires, and he's tired of skeptics who claim most savers will die before cashing in.
What Happened: During "The Ramsey Show," the personal-finance host dismantled a listener's math, noting that $100 a month compounded at 12% for 40 years grows to $1.176 million, not $5 million as claimed by the listener.
He added that U.S. life expectancy data contradicts the caller's fatalism: males who reach 65 live another 18 years on average, to roughly 83.
Ramsey's example echoes figures he uses in his book Baby Steps Millionaires, which profiles first-generation wealth builders who followed his <a href="https://www.benzinga.com/personal-finance/24/06/39316291/dave-ramsey-tells-americans-if-you-retire-broke-its-your-fault-explains-how-to-retire-with-1-mil">seven-step plan</a>. "Almost no one saves just $100 for 40 years … It's an example saying if you'll save money, you can build wealth," he told the caller, dismissing claims that race or income doom savers to fail. &#8220;Skin pigmentation doesn't cause wealth building one way or another.&#8221;
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
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<iframe loading="lazy" title="Why Should I Invest If I&#039;m Just Going To Die? (Isaiah Steps In It) - Dave Ramsey Rant" width="500" height="281" src="https://www.youtube.com/embed/imZwWDfA68E?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
&#8220;This is the most ridiculous thing I&#8217;ve ever heard&#8230; what&#8217;s ridiculous is your argument because you don&#8217;t know anything about the numbers that you presented. They were all wrong. That&#8217;s what&#8217;s ridiculous.&#8221;
See also: <a href="https://www.benzinga.com/news/25/05/45335414/dave-ramsey-tells-woman-whose-boyfriend-thinks-401ks-are-a-scam-dont-marry-this-guy-he-aint-worth-it-calling-him-an-immature-man-who-doesnt">Dave Ramsey Tells Woman Whose Boyfriend Thinks 401(k)s Are A Scam: &#8216;Don&#8217;t Marry This Guy, He Ain&#8217;t Worth It,&#8217; Calling Him An &#8216;Immature&#8217; Man Who Doesn&#8217;t &#8216;Want To Think About The Future&#8217;</a>
<h4 class="wp-block-heading">Why The Math Checks Out</h4>
Financial calculators confirm that a $1,200 annual contribution invested in a broad-based mutual fund earning the S&amp;P 500's 40-year average of about 11.8% would <a href="https://www.benzinga.com/personal-finance/24/11/42026823/this-is-how-you-get-wealthy-dave-ramsey-details-how-one-move-could-make-you-5-million-by-retirement">top $1 million</a> by year 40. Ramsey notes the strategy hinges on consistency, not timing markets — an approach the Federal Reserve's 2023 household-well-being survey shows few Americans adopt, as most say their retirement savings are off track.
<h4 class="wp-block-heading">A Broader Wealth Gap</h4>
Critics counter that median retirement balances for near-retirees sit below $200,000, suggesting many households can't spare $100. Ramsey retorts that 89% of U.S. millionaires are first-generation, <a href="https://www.benzinga.com/personal-finance/24/10/41146426/can-you-guess-the-top-5-careers-of-millionaires-according-to-dave-ramsey-spoiler-alert-theyre-no">citing</a> his National Study of Millionaires. "Roll up your sleeves, live on less than you make, get out of debt," he said.
<h4 class="wp-block-heading">Context for 12% returns</h4>
While Ramsey's assumed 12% annual return surpasses recent market performance, long-term S&amp;P data show <a href="https://www.benzinga.com/25/02/43631283/its-your-own-fault-if-youre-25-and-dont-end-up-a-millionaire-warns-dave-ramsey-explains-how-even-40-year-olds-can-hit-1-million-by-60">rolling 40-year returns</a> above 10% are not unprecedented. Analysts caution that future returns may moderate, but even an 8% rate would turn $100 a month into roughly $300,000 — far above today's median savings.
Ramsey's bottom line: excuses steal hope. "Quit your whining … If you want to win, you can go win. We'll help you," he said, pointing listeners to his "Baby Steps" framework and urging them to start saving — even if it's just $100.
Photo Courtesy: II.studio on Shutterstock.com
Read next: <a href="http://Read next: https://www.benzinga.com/economics/macro-economic-events/25/05/45368175/cathie-wood-says-index-sensitive-managers-will-be-compelled-to-consider-coinbase-as-crypto-exchange-platform-joins-sp-500-index">Cathie Wood Says &#8216;Index-Sensitive Managers Will Be Compelled to Consider&#8217; Coinbase As Crypto Exchange Platform Joins S&amp;P 500 Index</a>

Financial Advisors

Personal Finance

Dave Ramsey Calls Listener's Math The 'Most Ridiculous Thing I've Ever Heard', Proves Consistent $100 Investments Can Still Make Millionaires

President Donald Trump referred to the&nbsp;European Union&nbsp;as &#8220;nastier than China&#8221; in Monday&#8217;s press briefing during the signing of&nbsp;an executive order aimed at&nbsp;lowering prescription drug prices.
What Happened: Trump called on Europeans to shoulder more financial responsibilities, especially in the healthcare sector. He maintained that the U.S. has the upper hand in trade agreements with the EU. &nbsp;&#8220;Oh, they&#8217;ll come down a lot. You watch. We have all the cards. They treat us very unfairly,&#8221; stated Trump as <a href="https://www.politico.eu/article/trump-eu-nastier-than-china/">reported </a>by Politico.
The President&#8217;s remarks represent a notable shift from his earlier praise of European Commission President Ursula von der Leyen, whom he had described as "fantastic" a few days before. Although she has met with several European leaders, von der Leyen has not yet confirmed a meeting with Trump, stating she would only do so if a &#8220;concrete&#8221; trade package could be negotiated.
Trump&#8217;s remarks about the EU were aimed at compelling pharmaceutical companies to sell medications in the U.S. at the lowest prices they charge in other countries.
&#8220;Europe&#8217;s&nbsp;going to have to pay&nbsp;a little bit more. The&nbsp;rest of the world is&nbsp;going to have to pay&nbsp;a little bit more,&#8221; he said, adding, &#8220;And&nbsp;America is going to pay&nbsp;a lot less.&#8221;
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45367052/trump-memecoin-exclusive-dinner-guest-list-revealed-with-justin-sun-shining-at-the-top-rep" target="_blank" rel="noreferrer noopener">Trump Memecoin Exclusive Dinner Guest List Revealed With Justin Sun Shining At The Top: Report</a>
Why It Matters: These remarks come amid <a href="https://www.benzinga.com/news/25/05/45310598/us-blatant-tariffs-spark-eu-backlash-as-bloc-plans-wto-challenge-proposes-107-billion-in-countermeasures">rising tensions</a> between the U.S. and the EU. Earlier this month, the EU announced plans to challenge the U.S.&#8217;s tariff policy at the World Trade Organization (WTO), proposing countermeasures worth €95 billion ($107.4 billion) if a <a href="https://www.benzinga.com/news/25/05/45310598/us-blatant-tariffs-spark-eu-backlash-as-bloc-plans-wto-challenge-proposes-107-billion-in-countermeasures">trade deal</a> with Washington fails to materialize.
Contrarily, U.S. Vice President JD Vance had recently emphasized the importance of unity between the U.S. and Europe, calling the <a href="https://www.benzinga.com/markets/25/05/45278156/jd-vance-softens-tone-says-us-and-europe-are-on-same-team-calls-divide-talk-completely-ridiculous-ahead-of-eu-tariff-response">talk of a divide </a>&#8220;completely ridiculous&#8221;. His comments were made at the Munich Leaders Meeting in Washington, according to another.
Notably, Trump&#8217;s comments on the EU come a day after the U.S. and China agreed upon a 90-day tariff truce to de-escalate trade tensions.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45342121/chinese-made-pakistani-jet-downs-two-indian-aircraft" target="_blank" rel="noreferrer noopener">India Breaks Silence After Rafale Jet Reportedly Downed By Pakistan&#8217;s Chinese-Made Fighter — Triggering Sell-Off In Dassault Aviation Stock: &#8216;Losses Are A Part Of&#8230;&#8217;</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Trump Calls EU 'Nastier Than China' Days After Praising Ursula Von Der Leyen As 'Fantastic,' Says US Holds 'All The Cards' In Trade Standoff

CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) will release earnings results for the first quarter, before the <a href="https://www.benzinga.com/quote/CYBR/earnings">opening bell on Tuesday, May 13.</a>
Analysts expect the Petah Tikva, Israel-based company to report quarterly earnings at 79 cents per share, up from 75 cents per share in the year-ago period. CyberArk Software projects to report quarterly revenue at $305.58 million, compared to $221.55 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Feb. 13, CyberArk Software reported fiscal fourth-quarter revenue growth of 41% year-on-year to $314.40 million, beating the analyst consensus estimate of $301.31 million.
CyberArk Software shares gained 2.3% to close at $367.66 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/CYBR/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated an Overweight rating with a price target of $400 on April 24, 2025. This analyst has an accuracy rate of 72%.</li>
<li>Roth Capital analyst Taz Koujalgi initiated coverage on the stock with a Buy rating and a price target of $415 on April 23, 2025. This analyst has an accuracy rate of 81%.</li>
<li>Morgan Stanley analyst Hamza Fodderwala maintained an Equal-Weight rating and cut the price target from $390 to $380 on April 16, 2025. This analyst has an accuracy rate of 77%.</li>
<li>Barclays analyst Saket Kalia maintained an Overweight rating and slashed the price target from $450 to $405 on April 14, 2025. This analyst has an accuracy rate of 78%.</li>
<li>RBC Capital analyst Matthew Hedberg reiterated an Outperform rating with a price target of $420 on April 11, 2025. This analyst has an accuracy rate of 73%.</li>
</ul>
Considering buying CYBR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="593" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13033337/image-133-1024x593.png" alt="" class="wp-image-913011" style="width:672px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13033337/image-133-1024x593.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13033337/image-133-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13033337/image-133-768x444.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13033337/image-133.png 1111w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/trading-ideas/short-ideas/25/05/45347009/top-2-tech-stocks-that-may-crash-in-q2">Top 2 Tech Stocks That May Crash In Q2</a> </li>
</ul>
Photo via Shutterstock

Price Target

CyberArk Software Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

The Federal Trade Commission has accused Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) of concealing key evidence in the antitrust case that claims the <a href="https://www.benzinga.com/government/regulations/25/01/42822625/big-techs-date-with-antitrust-alphabet-meta-amazon-brace-for-legal-showdowns-in-2025">retail giant abused its market power</a>. As per a new court filing, the FTC says Amazon withheld thousands of non-privileged documents by incorrectly labeling them as protected.
What Happened: Following an order by a federal judge to re-review its privilege claims, Amazon withdrew 92% of them and presented around 70,000 documents it had withheld earlier, according <a href="https://www.courthousenews.com/ftc-accuses-amazon-of-hiding-evidence-in-antitrust-case/">to</a> the Courthouse News Service. 
The FTC discovered that around 75% of those had been completely shielded from view. In a small in-camera review, a single sentence out of nine documents was deemed privileged. 
One document quoted a top executive calling founder and former CEO Jeff Bezos Amazon's "chief dark arts officer" when describing the "shady world" of tactics employed to boost Prime subscriptions, the report noted.
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45331065/the-trade-desk-ceo-slams-google-amazons-walled-gardens-imagine-what-we-can-do-in-a-fair-market">The Trade Desk CEO Slams Google, Amazon&#8217;s &#8216;Walled Gardens&#8217;: &#8216;Imagine What We Can Do In A Fair Market&#8217;</a>
Why It Matters: The FTC says these documents were withheld not because they were legally protected, but because they &nbsp;damaging evidence. "In essence, Amazon's privilege log — on which the FTC has relied throughout discovery — was almost entirely wrong," the commission wrote in its motion. "It is impossible to square a 92% error rate across tens of thousands of documents with a mere mistake."
The commission also said that Amazon has a pattern of falsely labeling routine communications as "privileged" and alleged that the company instructs staff to mislabel documents to sidestep regulatory scrutiny. "The blatant nature and ubiquity of these actions demonstrate&#8230; a purposeful plan," the FTC added.
Calling the withheld records &#8220;probative, inculpatory, and entirely nonprivileged,&#8221; the FTC has asked the court for another 90 days of discovery and for Amazon to bear the resulting costs. Amazon denies any wrongdoing. "The FTC wants to distract from the facts," a spokesperson said in a statement.
Amazon is not the only tech giant locking horns with the FTC. Last month, hearings began as part of the FTC's <a href="https://www.benzinga.com/news/25/04/44888906/meta-faces-an-antitrust-lawsuit-ftc-says-company-holds-a-social-network-monopoly">antitrust lawsuit against Meta</a>.
Amid these high-profile cases, the FTC is also facing a shortage of resources due <a href="https://www.benzinga.com/government/regulations/25/03/44310724/doge-cuts-to-ftc-sow-confusion-in-case-against-amazon">to cuts enacted by DOGE</a>.
Image Via Shutterstock
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45356821/why-amazons-robot-army-could-save-10-billion-and-change-your-delivery-game">Why Amazon&#8217;s Robot Army Could Save $10 Billion And Change Your Delivery Game</a></li>
</ul>

Legal

AMZN

Jeff Bezos Called 'Chief Dark Arts Officer' In Secret Amazon Doc As FTC Says Company Hid Thousands Of Key Files In Antitrust Case

LSEA

Reported Earlier, New Home Co. Announced A Definitive Agreement To Acquire Landsea Homes Corporation For $11.30 Per Share In An All-cash Transaction That Represents An Enterprise Value Of Approximately $1.2B

ARK Invest CEO Cathie Wood applauded Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) on its inclusion in the S&amp;P 500 index, marking the first cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45365186/coinbase-stock-jumps-nearly-11-after-hours-monday-heres-why">company to achieve this milestone</a>.
What Happened: Wood responded to Coinbase CEO Brian Armstrong&#8216;s announcement by congratulating both him and the company on X, calling the recognition &#8220;well deserved.&#8221; 
She noted that while active managers like ARK Invest rely on fundamental research rather than index providers to select stocks, the inclusion of Coinbase in a major index would force index-tracking funds to take notice. &#8220;Index-sensitive managers will be compelled to consider COIN now,&#8221; Wood wrote. 
The S&amp;P 500 addition represents a watershed moment for cryptocurrency legitimacy in traditional finance, potentially forcing index fund managers to allocate capital to the digital asset space. 
Armstrong highlighted this achievement as validation that &#8220;crypto is here to stay,&#8221; reflecting growing mainstream acceptance of the asset class despite its historically volatile nature.
<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">Well deserved recognition, <a href="https://twitter.com/brian_armstrong?ref_src=twsrc%5Etfw">@brian_armstrong</a> and <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@coinbase</a>! While you probably agree that active managers should depend on fundamental research, not index providers, to screen for stocks, <a href="https://twitter.com/ARKInvest?ref_src=twsrc%5Etfw">@ARKInvest</a> is pleased that index-sensitive managers will be compelled to consider <a href="https://twitter.com/search?q=%24COIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$COIN</a> now. <a href="https://t.co/STfHZJ8wAw">https://t.co/STfHZJ8wAw</a>
&mdash; Cathie Wood (@CathieDWood) <a href="https://twitter.com/CathieDWood/status/1922109018710913516?ref_src=twsrc%5Etfw">May 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45367206/sp-500-rallies-over-3-on-us-china-90-day-tariff-truce-but-experts-warn-it-doesnt-guarantee-a-complete-resolution-of-the-trade-war">S&amp;P 500 Rallies Over 3% On US-China 90-Day Tariff Truce, But Experts Warn It &#8216;Doesn&#8217;t Guarantee A Complete Resolution Of The Trade War&#8217;</a>
Why It Matters: Wood has maintained an exceptionally bullish outlook on cryptocurrency markets, recently reiterating ARK&#8217;s forecast of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reaching between <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45335755/cathie-wood-stands-firm-on-bold-700000-bitcoin-prediction-for-investors-says-bull-case-in-the-1-5-million-range">$700,000 and $750,000 by 2030</a> in her base case, with a bull case target of $1.5 million. 
She attributes this dramatic growth potential to Bitcoin&#8217;s capacity to capture market share from gold, increasing institutional adoption and emerging market applications. 
This S&amp;P 500 inclusion comes amid Coinbase&#8217;s aggressive expansion efforts, including its recent <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45287050/coinbase-acquires-deribit-in-2-9b-deal-to-expand-crypto-derivatives-business">$2.9 billion acquisition of crypto</a> options exchange Deribit and the launch of 24/7 trading for Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) futures through its Commodity Futures Trading Commission -regulated exchange, making it the first regulated <a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45324908/coinbase-launches-24-7-bitcoin-ethereum-futures-trading-what-does-that-mean">U.S. exchange to offer around-the-clock access</a> to leveraged crypto derivatives.
Image Via Shutterstock
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JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) will release earnings results for the first quarter, before the opening <a href="https://www.benzinga.com/quote/JD/earnings">bell on Tuesday, May 13</a>.
Analysts expect the China-based company to report quarterly earnings at $1.02 per share. JD.com projects to report quarterly revenue at $37.91 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On April 17, JD.com filed its annual report on Form 20-F for the fiscal year ended Dec. 31, 2024.
JD.com shares gained 6.5% to close at $36.05 on Monday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/GBX/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul class="wp-block-list">
<li>Susquehanna analyst Shyam Patil maintained a Neutral rating and raised the price target from $35 to $45 on March 12, 2025. This analyst has an accuracy rate of 68%.</li>
<li>Mizuho analyst James Lee maintained an Outperform rating and increased the price target from $43 to $50 on March 7, 2025. This analyst has an accuracy rate of 78%.</li>
<li>Benchmark analyst Fawne Jiang maintained a Buy rating and raised the price target from $47 to $58 on March 7, 2025. This analyst has an accuracy rate of 69%.</li>
<li>Barclays analyst Gregory Zhao maintained an Overweight rating and boosted the price target from $50 to $55 on Feb. 28, 2025. This analyst has an accuracy rate of 70%.</li>
<li>Loop Capital analyst Rob Sanderson upgraded the stock from Hold to Buy and cut the price target from $49 to $48 on Oct. 21, 2024. This analyst has an accuracy rate of 66%.</li>
</ul>
Considering buying JD stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="586" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13030538/image-131-1024x586.png" alt="" class="wp-image-912969" style="width:570px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13030538/image-131-1024x586.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13030538/image-131-300x172.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13030538/image-131-768x440.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/13030538/image-131.png 1148w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

JD.com Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Board of Directors authorized a new share repurchase program with the total amount up to NT$525 million (approximately US$16.4 million, based on the exchange rate of NT$31.96 to US$1.00 as of April 30, 2025).
Under the program, the company will repurchase up to 15 million shares from the open market on the Taiwan Stock Exchange, approximately 2.06% of its issued share capital. The shares will be repurchased within a price range of NT$18.87 to NT$35.00 per share, while the buyback will still be carried out if the stock price falls lower than the aforementioned range. The authorization repurchase program period is from May 14 to July 13, 2025.

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ChipMOS Announces NT$525M ($16.4M) Share Repurchase Program Covering Up To 15M Shares

ChipMOS TECHNOLOGIES (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IMOS#NASDAQ">IMOS</a>) reported quarterly earnings of $0.15 per share. This is a 58.33 percent decrease over earnings of $0.36 per share from the same period last year. The company reported $166.70 million in sales this quarter. This is a 2.08 percent increase over sales of $163.30 million the same period last year.

ChipMOS TECHNOLOGIES Q1 EPADS $0.15 Down From $0.36 YoY, Sales $166.70M Up From $163.30M YoY

Telefonica Brasil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIV#NYSE">VIV</a>) reported quarterly earnings of $0.11 per share. This is a 0.91 percent increase over earnings of $0.11 per share from the same period last year. The company reported $2.46 billion in sales this quarter. This is a 10.22 percent decrease over sales of $2.74 billion the same period last year.

Telefonica Brasil Q1 EPS $0.11 Up From $0.11 YoY, Sales $2.46B Down From $2.74B YoY

Renowned independent investment strategist Ed Yardeni, the President of Yardeni Research, has lowered his U.S. recession probability while raising his S&amp;P 500 target following the trade deal with China.
What Happened: After the U.S. and China announced a <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">90-day truce </a>on Monday, the markets cheered the development as the S&amp;P 500 and Nasdaq 100 rallied over 3%.
While this provides a short-term relief, Yardeni noted in his QuickTakes that the negative wealth effect of President Donald Trump&#8217;s tariffs was &#8220;probably insignificant&#8221; after the announcement of the deal.
According to his earlier analysis, the tariff turmoil was having a &#8220;negative wealth effect on consumers, especially retired and soon-to-be retiring Baby Boomers, who collectively own about $25 trillion in corporate equities and mutual funds.&#8221;
This led him to raise the &#8220;subjective probability of a recession&#8221; this year from 20% to 35% on March 5, and from 35% to 45% on March 31 as stock prices tanked in response to the tariffs.
However, he said that &#8220;We didn&#8217;t cross over to the dark side subsequently, i.e., forecasting greater than a 50% chance of a recession. Instead, we lowered our recession odds back down to 35% on May 4. Now we are lowering it again to 25%.&#8221;
After Monday&#8217;s stock market rally, he also raised the S&amp;P 500 year-end target back up to 6,500 from 6,000.
See Also: <a href="https://www.benzinga.com/government/regulations/25/05/45367206/sp-500-rallies-over-3-on-us-china-90-day-tariff-truce-but-experts-warn-it-doesnt-guarantee">S&amp;P 500 Rallies Over 3% On US-China 90-Day Tariff Truce, But Experts Warn It &#8216;Doesn&#8217;t Guarantee A Complete Resolution Of The Trade War&#8217;</a>
Why It Matters: Concerning other metrics, Yardeni highlighted that he has raised the real GDP growth range to 1.5%-2.5% this year, up from our previous 0.5%-1.5%.
Also, he predicts the S&amp;P 500 forward earnings to rise to $300 per share at the end of this year.
&#8220;We now see the S&amp;P 500 forward P/E at 21.6 at the end of the year rather than 20.0 as we previously had projected,&#8221; he said.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, jumped with joy on Monday. The SPY was up 3.30% to $582.99, while the QQQ advanced 4.07% to $507.85, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Here&#8217;s how the benchmark indices performed on Monday. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>4.35%</td>
<td>18,708.34</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>3.26%</td>
<td>5,844.19</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>2.81%</td>
<td>42,410.10</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>3.42%</td>
<td>2,092.20</td>
</tr>
</tbody>
</table>
</figure>
After Monday, all the indices were out of the correction zone. The S&amp;P 500 index was down 4.93% from its record high of 6,147.43 points, scaled on Feb. 19. Dow Jones was 5.91% lower than its 52-week high of 45,073.63 points, and Nasdaq 100 was 6.09% lower than its previous high of 22,222.61 points.
On Tuesday, the futures of the Dow Jones, S&amp;P 500, and Nasdaq 100 indices were trading lower.
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Image Via Shutterstock

Ed Yardeni Slashes Recession Odds To 25% After US Stocks Rally, Lifts S&P 500 Year-End Target To 6,500

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