Grid Dynamics Holdings Azioni (NASDAQ: GDYN)

Ultime notizie per Grid Dynamics Holdings (NASDAQ:GDYN) Azioni

GRID DYNAMICS HOLDINGS INC

Grid Dynamics Holdings

Grid Dynamics Holdings Inc is a provider of technology consulting, platform and product engineering, and advanced analytics services. The company delivers tailored solutions in several industry verticals like Tech, Media and Telecom, Retail, Finance and Consumer Packaged goods (CPG)/manufacturing. The company derives maximum revenue from Retails. Geographically company earns revenue from North America, Europe and other regions.

Long Ideas

News

Pre-Market Outlook

Markets

Trading Ideas

AREN

CSTM

EVAX

GDYN

GEAR

VIRX

Le azioni di Constellium, Viracta, Evaxion, Arena e Grid Dynamics mostrano movimenti significativi nella sessione di pre-market di oggi.

Pre-market: 5 titoli da monitorare oggi, 27 dicembre 2024

Grid Dynamics Holdings, Inc. - Class A Common Stock

Grid Dynamics Holdings Inc

Dave Portnoy, the outspoken founder of Barstool Sports, <a href="https://x.com/stoolpresidente/status/1907812997105373364">posted</a> a simple question on X&nbsp; last week that hit a nerve in the crypto world: &#8220;If the point of Bitcoin is to be independent of the U.S. Dollar and nonregulated, why does it basically trade exactly like the U.S. stock market nowadays?&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I have a dumb bitcoin/crypto question. If the point of Bitcoin is to be independent of the US Dollar and non regulated why does it basically trade exactly like the Us stock market nowadays? Market up bitcoin up. Market down bitcoin down.
&mdash; Dave Portnoy (@stoolpresidente) <a href="https://twitter.com/stoolpresidente/status/1907812997105373364?ref_src=twsrc%5Etfw">April 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Don't Miss:
<ul>
<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.</li>
<li><a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.</li>
</ul>
That one line summed up what a lot of casual investors have been wondering, especially as Bitcoin and crypto stocks took a dive following President Donald Trump's new round of tariffs on Wednesday.
<h2 class="wp-block-heading">Bitcoin Drops After Tariff News</h2>
Bitcoin had been hovering near $88,000 before Trump&#8217;s announcement. Not long after the tariff policy was unveiled, it slipped below $83,000. It wasn&#8217;t alone. Stocks tanked in after-hours trading, with tech-heavy ETFs like Invesco QQQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) falling 4%.
Crypto-linked stocks also followed the same trend. MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) dropped 7%, Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell 6%, and Robinhood (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) lost 9%.
So much for being &#8220;independent.&#8221;
Trending: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>
<h2 class="wp-block-heading">Why Does Bitcoin Move With Stocks?</h2>
Plenty of people chimed in to answer Portnoy's question. Some pointed to institutional involvement, others blamed emotions, and a few leaned on technical analysis.
&#8220;Bitcoin trades like a risk asset short term because it&#8217;s the most liquid, salable, 24/7 asset on Earth,&#8221; said MicroStrategy Executive Chairman Michael Saylor. &#8220;In times of panic, traders sell what they can, not what they want to.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bitcoin trades like a risk asset short term because it&#39;s the most liquid, salable, 24/7 asset on Earth. In times of panic, traders sell what they can, not what they want to. Doesn't mean it's correlated long-term—just means it's always available.
&mdash; Michael Saylor (@saylor) <a href="https://twitter.com/saylor/status/1907973435478732990?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
And then there&#8217;s plain logic. &#8220;If you needed to pay rent what are you selling first? Apple stock or your crypto bags?&#8221; one user wrote.
Another replied, &#8220;Boom. When you realize big money has already hijacked bitcoin and it's no different than the stock market anymore.&#8221;
Others got sarcastic: &#8220;Day 1 of the bear market: Portnoy discovers what correlation means.&#8221; And: &#8220;It used to be a currency before it was hijacked and turned into a collectible.&#8221; Prominent analyst Benjamin Cowen also piled on, saying, &#8220;How can you be your age and write something like that?&#8221;
Some users defended Bitcoin&#8217;s original intent. &#8220;Traders are the froth. Hodlers are the floor,&#8221; one said. Another added, &#8220;Bitcoin is the best-performing asset over the last 15 years.&#8221;
See Also: If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?
<h2 class="wp-block-heading">Tariffs, Inflation, and Market Fear</h2>
This latest Bitcoin drop didn&#8217;t come out of nowhere. Wall Street was already reeling from inflation data and weak consumer sentiment. On Friday, a few days before &#8220;Liberation Day,&#8221; The Dow Jones Industrial Average <a href="https://www.benzinga.com/personal-finance/25/04/44626208/crypto-market-update-as-wall-street-sells-off-is-bitcoin-showing-strength-for-the-weeks-ahead">fell over 700 points</a>, the S&amp;P 500 slid 2%, and the Nasdaq (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDAQ#NASDAQ">NDAQ</a>) lost nearly 3%.
Then came Trump's tariff announcement, renewing trade war fears. The Atlanta Fed&#8217;s GDPNow <a href="https://www.atlantafed.org/cqer/research/gdpnow">forecast</a> now shows a 2.8% GDP decline for Q1, up from -3.7% on April 1.
While Bitcoin has shown some resilience compared to stocks, it's still moving in the same direction when fear hits.
<h2 class="wp-block-heading">Could Bitcoin Break Away?</h2>
Some still believe in one of Bitcoin's original promises: a <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44628685/bitcoin-is-a-realistic-global-reserve-asset-experts-say">decentralized hedge against economic chaos</a>. But for now, most agree that Bitcoin is still a risk-on asset, and it trades like one.&nbsp;
As Portnoy pointed out, it looks more and more like <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44631522/bitcoin-as-trump-tariff-safe-haven-not-yet-but-might-decouple-over-time-expert-says">just another part of the system</a> it was meant to replace—&#8221;Market up, bitcoin up. Market down, bitcoin down.&#8221; Or, as Ross Gerber, CEO of Gerber Kawasaki, <a href="https://x.com/GerberKawasaki/status/1907928295104196974">said</a>, &#8220;BTC price movements are related to sentiment. Risk on, up. Risk off, down.&#8221;
Read Next:
<ul>
<li>BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a></li>
<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>

COIN

HOOD

MSTR

NDAQ

Dave Portnoy Says What Many Are Thinking, 'If Bitcoin's Supposed To Be Independent of Dollar, Why Does It Trade Just Like The Stock Market?'

Tempest Therapeutics, Inc. - Common Stock

TPST

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

QNRX

<a href="https://www.benzinga.com/personal-finance/25/03/44380108/trust-me-im-reading-what-hes-doing-every-day-nba-legend-shaq-with-a-500-million-net-worth-swears-by-warren-buffetts-investing-wisdom">Shaquille O'Neal</a> might have a net worth floating around half a billion dollars, but even he'll tell you — money smarts weren't always part of the game plan. In fact, it took one simple piece of advice, delivered courtside and <a href="https://www.benzinga.com/personal-finance/25/04/44634785/magic-johnson-is-worth-billions-but-he-says-you-cant-get-there-thinking-only-about-yourself">straight from Magic Johnson</a>, to flip the script.
"When I first got to L.A., [Johnson] said, ‘Shaq, it's okay to be famous and all that, but at some point, you want to start owning things,'" O'Neal told Daymond John of "Shark Tank" during the <a href="https://www.youtube.com/live/z5ZjtU70Oms?si=YLaMqmxBx7AmalRK">2020 Black Entrepreneurs Day event</a>.
That wasn't just locker room wisdom — it was a turning point.&nbsp;
Don't Miss:
<ul>
<li>Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.55 per share now</a>.</li>
<li>These five entrepreneurs are worth $223 billion –<a href="https://www.benzinga.com/money/arrived-homes-private-credit-fund"> they all believe in one platform that offers a 7-9% target yield with monthly dividends</a></li>
</ul>
Shaq, who famously torched his first million-dollar check on flashy cars and jewelry, admits he didn't know the first thing about taxes, saving, or investing when he was drafted. Even after signing a $40 million deal with the Orlando Magic, the financial lightbulb hadn't gone off. That came later — with Magic.
And let's talk about that Magic.
In 2023, <a href="https://www.forbes.com/profile/magic-johnson/">Forbes officially named Johnson a billionaire</a>, making him just the fourth athlete in history to earn the title, alongside Michael Jordan, Tiger Woods, and LeBron James. But Johnson didn't get there by clinging to basketball contracts. He made his name in the business world — buying into Starbucks before most athletes were thinking about branding, and later owning major stakes in the Dodgers, Sparks, Los Angeles FC, and the Washington Commanders.
Shaq saw all that in real time. The glitz of NBA stardom was great — but what Johnson had? That was different. That was long-term.
Trending: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
So <a href="https://www.benzinga.com/personal-finance/25/03/44171160/nba-legend-shaq-says-krispy-kreme-is-his-favorite-franchise-investment-and-his-reason-is-incredibly-simple-cause-i-like-doughnuts">Shaq got to work</a>. After retiring in 2011, he didn't just license his name — he built an empire. Today, he's got stakes in everything from Papa John's to car washes to fitness centers, and he claims to earn more annually in retirement than he ever did as a player. He even went back to school, picking up an MBA and later a doctorate in education, all while absorbing lessons from real business owners, TV investors, and yes, still watching "Shark Tank" for good measure.
"I'm still learning now," Shaq told John. "I watch ‘Shark Tank' and I learn from you guys. I love to ask questions."
For anyone who still thinks being an athlete and being an entrepreneur live in separate arenas, Magic and Shaq have been proving them wrong for decades. One gave the advice. The other turned it into action.
Being famous pays. But owning things? That's what builds empires.
Read Next:
<ul>
<li>The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a></li>
<li><a href="https://www.benzinga.com/money/mark-cubans-advice-for-lotto-winners">Many are surprised by Mark Cuban's advice for lotto winners: Cash or annuity?</a></li>
</ul>

Personal Finance

Shaq Says Billionaire Magic Johnson Gave Him the 'Best' Money Advice — Being Famous Is Cool, 'But at Some Point, You Want to Start Owning Things'

BofA Securities analysts Bryan D. Spillane, Lisa K. Lewandowski and Peter T. Galbo have put forward on Tuesday their research findings on consumer staple companies in the face of a potential recession.
The analysts said consumer staples have historically outperformed the S&amp;P 500 in most recent recessions, suggesting a defensive edge.
However, the analysts warned that current conditions, such as lingering high prices and weak volume growth, may limit their resilience in a future downturn.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/25/04/44695622/amazon-touts-ai-milestone-says-new-model-outshines-gpt-4o-in-real-time-speech" rel="noreferrer noopener">Amazon Touts AI Milestone, Says New Model Outshines GPT-4o In Real-Time Speech</a>
Still, their limited exposure to new tariffs could make the sector more appealing than others, potentially helping sustain valuation multiples.
During recessions, the Consumer Staples sector stock prices are primarily influenced by earnings per share (EPS) rather than sales growth.
Analysis shows that forward EPS estimates account for over 90% of stock price movement across key subsectors like Beverages, Household &amp; Personal Care (HPC), Packaged Food, and Tobacco, with the correlation being the tightest Beverages and HPC.
The analysts noted that this highlights the critical importance of earnings strength when evaluating stock performance in uncertain economic conditions.
A review of six past recessions reveals that certain Consumer Staples stocks consistently outperformed the S&amp;P 500.
Campbell Soup Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPB#NYSE">CPB</a>), Colgate-Palmolive Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CL#NYSE">CL</a>), General Mills Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GIS#NYSE">GIS</a>), McCormick &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MKC#NYSE">MKC</a>), PepsiCo Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>), and Hormel Foods Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRL#NYSE">HRL</a>) each posted a 100% success rate in outperforming the index during those downturns.
In the last four recessions with the most comprehensive data, McCormick, General Mills, and Church &amp; Dwight Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHD#NYSE">CHD</a>) delivered the strongest relative performance.
Top-performing Consumer Staples stocks in a potential downturn will likely share three traits: profit flexibility to offset revenue pressure and rising costs, strong U.S. manufacturing presence to limit tariff-related inflation, and solid balance sheets capable of sustaining share buybacks to boost earnings per share.
Analysts see McCormick, Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) and Philip Morris International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) as well-defended, with Keurig Dr Pepper Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDP#NASDAQ">KDP</a>), Molson Coors Beverage Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) and Altria Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>) in the next tier of potential outperformers.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/25/04/44685643/whats-going-on-with-rocket-lab-stock-today-4" target="_blank" rel="noreferrer noopener">What&#8217;s Going On With Rocket Lab Stock Today?</a></li>
</ul>
Image via Shutterstock

Analyst Color

Analyst Ratings

This Beverage Maker, Tobacco Company And Packaged Food Giant Outshine In A Recession

President Donald Trump&#8217;s tariff announcements led to a sell-off in the stock market and prompted investors to move to safer assets such as Treasury bonds. The 10-year Treasury yield declined and the average 30-year fixed mortgage rate dropped from 6.75% to<a href="https://www.benzinga.com/news/25/04/44695176/president-trump-is-fixing-america-grant-cardone-says-wants-you-to-invest-in-real-estate-invest-in-america"> 6.55% last week. </a>
Mortgage Rates: Despite the initial drop, mortgage rates rebounded as Treasury yields ticked back up. On Monday, the 30-year fixed-rate mortgage surged to 6.82%, marking the largest single-day increase of the year.&nbsp;
The current rate for a 30-year fixed mortgage sits at 6.85%, <a href="https://www.mortgagenewsdaily.com/markets/mortgage-rates-04082025">according</a> to Mortgage News Daily.&nbsp;
Read Next: <a href="https://www.benzinga.com/25/04/44695907/elon-musk-calls-trump-trade-advisor-peter-navarro-dumber-than-sack-of-bricks-defends-tesla-as-the-most-american-made-cars">Elon Musk Calls Trump Trade Advisor Peter Navarro &#8216;Dumber Than Sack Of Bricks,&#8217; Defends Tesla As &#8216;Most American-Made Cars&#8217;&nbsp;</a>
Home Sales: Pending home sales ticked higher in early April with 72,000 newly pending single-family home sales and 15,000 condo transactions last week — the highest weekly volume since late April 2024, <a href="https://www.nar.realtor/research-and-statistics">according</a> to the National Association of Realtors. 
"Despite the modest monthly increase, contract signings remain well below normal historical levels," said Lawrence Yun, NAR's chief economist.&nbsp;
"A meaningful decline in mortgage rates would help both demand and supply — demand by boosting affordability and supply by lessening the power of the mortgage rate lock-in effect."
Buyer Demand: Recent mortgage rate stability encouraged buyers, with purchase applications reaching their highest growth rate since late 2023 in early April. However, Trump's new tariff policies and China's retaliation have reintroduced uncertainty and volatility to the stock market and mortgage rates. 
"The spring housing season is beginning with more sellers and a growing number of homes for sale," said Danielle Hale, chief economist at Realtor.com.
"But the high cost of buying coupled with growing economic concerns suggest a sluggish response from buyers in early spring," Hale added.&nbsp;
<h1 class="wp-block-heading">Inventory and Pricing Trends</h1>
<ul>
<li>Inventory Growth: Unsold inventory now stands at 691,000 single-family homes, 34.75% above 2024 levels, though Northeastern markets remain tight, <a href="https://blog.altosresearch.com/weekly-pending-home-sales-are-finally-above-last-year">according</a> to Altos Research.</li>
<li>Price Pressures: Median pending sale prices reached $397,500, just 0.25% higher than 2024. Eight states — including Texas, Florida, and Arizona — show slight year-over-year declines, signaling localized cooling.</li>
<li>Price Reductions: The number of homes on the market with price reductions ticked up in the first week of April to 34.3%. </li>
</ul>
Real Estate ETF: Investors can find alternative exposure to the real estate market through the Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>), which tracks the MSCI US Investable Market Real Estate 25/50 Index, measuring the performance of U.S. equity REITs, specialized REITs and real estate management/development companies. 
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44537429/cathie-wood-doubles-down-on-2600-tesla-stock-price-prediction">Cathie Wood Doubles Down On $2,600 Tesla Stock Price Prediction</a></li>
</ul>
Image: Shutterstock

REIT

Specialty ETFs

Treasuries

ETFs

Real Estate

Tariff Turmoil Sends Mortgage Rates Higher, 'Contract Signings Remain Well Below Normal Historical Levels'

Scotiabank analyst Konark Gupta maintains Waste Management (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>) with a Sector Outperform and raises the price target from $255 to $260.

Price Target

Scotiabank Maintains Sector Outperform on Waste Management, Raises Price Target to $260

Scotiabank analyst Konark Gupta maintains Secure Waste Infr (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SES#TSX">SES</a>) with a Sector Outperform and lowers the price target from C$22 to C$19.5.

TSX:SES

Scotiabank Maintains Sector Outperform on Secure Waste Infr, Lowers Price Target to C$19.5

Scotiabank analyst Konark Gupta maintains Republic Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RSG#NYSE">RSG</a>) with a Sector Perform and raises the price target from $233 to $250.

Scotiabank Maintains Sector Perform on Republic Servs, Raises Price Target to $250

Scotiabank analyst Konark Gupta maintains GFL Environmental (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFL#NYSE">GFL</a>) with a Sector Outperform and raises the price target from $52 to $54.

Scotiabank Maintains Sector Outperform on GFL Environmental, Raises Price Target to $54

Scotiabank analyst Maher Yaghi maintains Verizon Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) with a Sector Perform and raises the price target from $48 to $48.5.

Scotiabank Maintains Sector Perform on Verizon Communications, Raises Price Target to $48.5

Scotiabank analyst Maher Yaghi maintains AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) with a Sector Outperform and raises the price target from $28.5 to $29.

Scotiabank Maintains Sector Outperform on AT&T, Raises Price Target to $29

Scotiabank analyst Maher Yaghi maintains Comcast (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) with a Sector Perform and raises the price target from $44.5 to $45.

CMCSA

Scotiabank Maintains Sector Perform on Comcast, Raises Price Target to $45

Scotiabank analyst Eric Winmill maintains New Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NGD#AMEX">NGD</a>) with a Sector Outperform and raises the price target from $4 to $4.25.

Scotiabank Maintains Sector Outperform on New Gold, Raises Price Target to $4.25

Wells Fargo analyst Roger Read maintains Shell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) with a Overweight and lowers the price target from $87 to $83.

SHEL

Wells Fargo Maintains Overweight on Shell, Lowers Price Target to $83

Wells Fargo analyst Michael Brown maintains Charles Schwab (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) with a Overweight and lowers the price target from $93 to $87.

SCHW

Wells Fargo Maintains Overweight on Charles Schwab, Lowers Price Target to $87

Wells Fargo analyst Michael Brown maintains Stifel Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SF#NYSE">SF</a>) with a Overweight and lowers the price target from $135 to $106.

Wells Fargo Maintains Overweight on Stifel Financial, Lowers Price Target to $106

Wells Fargo analyst Michael Brown maintains Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) with a Equal-Weight and lowers the price target from $176 to $143.

Wells Fargo Maintains Equal-Weight on Raymond James Finl, Lowers Price Target to $143

Wells Fargo analyst Michael Brown maintains Moelis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MC#NYSE">MC</a>) with a Equal-Weight and lowers the price target from $63 to $55.

Wells Fargo Maintains Equal-Weight on Moelis, Lowers Price Target to $55

A federal judge on Tuesday ordered the White House to temporarily lift access restrictions it imposed on the Associated Press, pending the outcome of a lawsuit filed by the news organization.
The restrictions, in place since Feb. 11, had barred AP reporters from Oval Office events, Air Force One flights and other official functions, <a href="https://www.washingtonpost.com/style/media/2025/04/08/associated-press-white-house-ban-lifted/">reported </a>the Washington Post.
The dispute centers on the White House's demand that the AP use the term "Gulf of America" rather than "Gulf of Mexico" in its coverage. The AP declined, citing editorial independence, and filed a lawsuit on Feb. 21 against three Trump administration officials, claiming viewpoint discrimination.
U.S. District Judge Trevor N. McFadden sided with the AP, ruling that the government cannot exclude journalists from press events based on their editorial decisions. While the judge delayed enforcement of the ruling for five days to allow for administrative response, he was clear in his stance.
"If the Government opens its doors to some journalists… it cannot then shut those doors to other journalists because of their viewpoints," McFadden wrote. "The Constitution requires no less."
McFadden found the AP likely to succeed on the merits of its First Amendment claims. Testimony from AP's chief photographer and White House correspondent described how the ban hindered the organization's competitiveness and slowed its news gathering — concerns the judge deemed credible.
He also criticized the administration's "brazen" justification for the ban, rooted in the AP's continued use of "Gulf of Mexico."
AP spokesperson Lauren Easton praised the ruling, calling it a victory for press freedom. "Today's ruling affirms the fundamental right of the press and public to speak freely without government retaliation," she said.
The White House has not issued a response as of publication Tuesday. 
Read Next: <a href="https://www.benzinga.com/government/regulations/25/04/44701436/trump-unleashes-beautiful-clean-coal-policies-as-wall-street-tanks-sp-500-hits-1-year-low"> • Trump Unleashes &#8216;Beautiful Clean Coal&#8217; Policies As Wall Street Tanks, S&amp;P 500 Hits 1-Year Low</a>
Photo: T.Schneider via Shutterstock

Government

Legal

Media

Judge Orders White House To Lift Ban On Associated Press Access

Press Releases

Grid Dynamics Announces Pricing of Public Offering

Grid Dynamics Introduces Composable Commerce Starter Kit on Microsoft Azure, Enabling Rapid Replacement of Legacy Systems with Modern Digital Commerce Capabilities

Grid Dynamics Releases Portal to Streamline Developer Experience and Boost Productivity

Grid Dynamics Holdings Set to Join S&P SmallCap 600

Grid Dynamics to Announce Fourth Quarter and Full Year 2024 Financial Results on February 20th

Grid Dynamics Releases Visual Process Monitoring Starter Kit for Manufacturing and Logistics Applications

Grid Dynamics Reports Fourth Quarter and Full Year 2024 Financial Results

Grid Dynamics to Appoint Rajeev Sharma Managing Partner of APAC and Promote Dr. Eugene Steinberg to Chief Technology Officer

Grid Dynamics Releases IoT Control Tower, a Platform for Industrial Data Analytics

Grid Dynamics to Announce First Quarter 2025 Financial Results on May 1st

SPGI

Accenture plc Class A Ordinary Shares (Ireland)

Accenture

ASGN

Alpha Technology Group Limited - Class A Ordinary Shares

Alpha Technology Group

BigBear.ai Hldgs

CI&T

Castellum

Cognizant Technology Solutions Corporation - Class A Common Stock

Cognizant Tech Solns

Endava plc American Depositary Shares (each representing one Class A Ordinary Share)

Comments

Grid Dynamics Holdings

Notizie

Ultime notizie per Grid Dynamics Holdings (NASDAQ:GDYN) Azioni

Le persone guardano anche

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO