Crude oil prices have come under pressure from ongoing trade tensions between the U.S. and China, which have cast uncertainty over global growth and fuel demand. Last week, Energy Secretary Chris Wright spoke positively about the oil and shale industry despite the <a href="https://www.benzinga.com/25/04/44667862/oil-crashes-to-60-per-barrel-as-recession-fears-grow">steep drop in prices.</a> 



What to Know: Wright, a former CEO of Liberty Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) with firsthand experience in the shale sector, <a href="https://www.cnbc.com/2025/04/11/us-energy-secretary-bullish-on-shale-despite-plunging-oil-prices-.html">told</a> CNBC in an interview that he remains optimistic about the industry&#8217;s ability to adapt and prosper. 



"The U.S. shale industry is going to survive and thrive," Wright said.



"But of course, investment decisions are going to be tailored if prices stay this low for a long period of time. But I'm quite bullish on the U.S. industry," he added.&nbsp;



Read Next:<a href="https://www.benzinga.com/news/global/25/04/44762211/10-companies-with-exposure-to-trumps-china-tariff-war-ford-tesla-apple-disney-and-more"> 10 Companies With Exposure To Trump&#8217;s China Tariff War: Ford, Tesla, Apple, Disney And More&nbsp;</a>



Crude oil prices are down nearly 27% in 2025, trading below the key $65 per barrel threshold identified by the Federal Reserve Bank of Dallas as the break-even point for Permian Basin operators like Chevron Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) and Exxon Mobil Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>). 



Still, Wright highlighted the oil industry's ability to innovate and referenced the 2014–2016 downturn when shale production surged amid weak demand.&nbsp;



"In 2015 and 2016 oil prices twice hit $28, and what happened? What did the U.S. shale industry do in that time — innovate, get smarter, drive their costs down, and that's what's happening right now," Wright said.



What Else: Energy analysts at Goldman Sachs recently reduced their oil forecasts for December 2025 to $62 per barrel for Brent and $58 for WTI, with additional downside expected in 2026. The analysts noted GDP downgrades and forecasts of a "stagnating" U.S. economy.&nbsp;



Adding to the pressure on oil prices, OPEC+ oil producers recently announced a massive production increase to 411,000 barrels per day next month. Meanwhile, the group <a href="https://www.opec.org/monthly-oil-market-report.html">cut its</a> 2025–26 global oil demand growth forecast on Monday by 100,000 barrels per day due to slower growth resulting from Trump's tariffs. 



OPEC said it expects 1.3 million barrels per day growth each year, still above estimates from others like the EIA of 900,000 and Goldman Sachs estimate of 500,000.&nbsp;



The United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>), which tracks the daily price movements of light, sweet crude oil, was up 0.43% at the time of publication on Monday. 



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Energy Secretary Chris Wright Is 'Bullish' As Oil Prices Crater

Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)&nbsp;shares are trading higher on Monday after the&nbsp;company <a target="_blank" href="https://www.benzinga.com/topic/goldman-sachs" rel="noreferrer noopener">reported its&nbsp;first-quarter&nbsp;results</a>.



Revenue of&nbsp;$15.06 billion beat the consensus <a target="_blank" href="https://www.goldmansachs.com/pressroom/press-releases/current/pdfs/2025-q1-results.pdf" rel="noreferrer noopener">of</a> $14.81 billion. Revenue increased by&nbsp;6%&nbsp;year-over-year, reflecting growth in Global Banking &amp; Markets. Net interest income rose to $2.90 billion, up from $1.37 billion a year ago quarter.



Goldman Sachs clocked&nbsp;GAAP EPS of&nbsp;$14.12,&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$12.35</a>.



Provision for credit losses was&nbsp;$287 million&nbsp;for the&nbsp;first quarter, lower than $318 million a year ago quarter, reflecting net provisions related to the credit card portfolio.



Segment Revenues:&nbsp;Global Banking &amp; Markets revenues were&nbsp;$10.71 billion, up&nbsp;10%&nbsp;year-over-year. Net revenues from Equity grew&nbsp;27%&nbsp;year-over-year to&nbsp;$4.19 billion, reflecting significantly higher net revenues in intermediation and financing.



Also, net revenues in Fixed Income, Currency, and Commodities (FICC) were&nbsp;$4.40 billion,&nbsp;up&nbsp;2%&nbsp;year-over-year, primarily reflecting higher net revenues in FICC financing.



On the other hand, Investment Banking fees declined 8%&nbsp;year over year to&nbsp;$1.91 billion due to a considerable decline in net revenues in the Advisory business. Investment banking fees backlog increased compared with the end of 2024.



Asset &amp; Wealth Management revenue was&nbsp;$3.68 billion,&nbsp;down 3%&nbsp;year over year. Total Wealth management client assets stood at ~$1.6 trillion.



In the&nbsp;first quarter, total Assets Under Supervision (AUS) saw a net inflow of&nbsp;$24 billion. AUS increased by&nbsp;$36 billion&nbsp;to a record&nbsp;$3.17 trillion in the quarter.



Stock Buyback:&nbsp;In the&nbsp;first quarter, Goldman Sachs repurchased stock worth&nbsp;$4.36 billion. In the quarter, the Board approved a new share buyback program of up to $40 billion.



Dividend: On April 11, 2025, the Board declared a dividend per share of $3.00, payable on June 27, 2025, to shareholders of record as of May 30, 2025.



The Standardized CET capital ratio stood at 14.8%, and the Advanced CET capital ratio increased sequentially to&nbsp;15.5%. The book value per common share increased 2.2% to $344.20.



David Solomon, Chairman and CEO of Goldman Sachs, said, "While we are entering the second quarter with a markedly different operating environment than earlier this year, we remain confident in our ability to continue to support our clients."



On the conference call, CEO Solomon said he expects significant M&amp;A activity throughout the rest of the year.



Investors can gain exposure to the Goldman Sachs stock via&nbsp;Shares U.S. Broker-Dealers &amp; Securities Exchanges ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAI#NYSE">IAI</a>), and&nbsp;Invesco KBW Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBWB#NYSE">KBWB</a>).



Price Action: GS shares are up 2.38% at $505.69 at the last check Monday.



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<li><a href="https://www.benzinga.com/general/market-summary/25/04/44784107/us-stocks-likely-to-open-higher-expert-says-the-selling-pressure-is-starting-to-be-exhausted" target="_blank" rel="noreferrer noopener">US Stocks Likely To Open Higher: Expert Says ‘The Selling Pressure Is Starting To Be Exhausted'</a></li>
</ul>



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Goldman Sachs CEO Sees 'Markedly Different Operating Environment' Entering Q2, Announces $40 Billion Stock Buyback

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) investors breathed a much-needed sigh of relief on Friday when the <a href="https://www.benzinga.com/tech/25/04/44780473/apple-escapes-supply-chain-crisis-as-trump-excludes-popular-electronics-from-tariffs">Trump administration announced</a> a decision to exempt iPhones, iPads, and Macs from the latest wave of reciprocal tariffs. This might have saved the company from a near-term cost storm.



But according to JPMorgan analyst Samik Chatterjee, don't mistake this breather for a green light to go full bull &#8211; at least not yet.



<h2 class="wp-block-heading">Exemptions Offer Margin Relief, But It's Not All Clear</h2>



While the hardware tariff exemptions will help reduce immediate margin pressure, Chatterjee warns that the party could be short-lived. The exemptions look more like a patch than a permanent fix, especially with political winds swirling and the administration's long-standing push to bring manufacturing stateside.



AirPods and Apple Watch? Still on the tariff hook. And semiconductors? A wildcard, as Washington eyes potential new levies. 



That's a problem for Apple, which still leans heavily on Taiwanese fabs.



Read Also: <a href="https://www.benzinga.com/markets/25/04/44783543/when-tim-cook-revealed-the-real-reason-iphones-are-made-in-chinaand-its-not-low-labor-costs-china-stopped-being-a-low-wage-country-years-ago">When Apple&#8217;s Tim Cook Revealed The Real Reason iPhones Are Made In China—And It&#8217;s Not &#8216;Low Labor Costs&#8217;: &#8216;China Stopped Being A Low-Wage Country Years Ago&#8217;</a>



<h2 class="wp-block-heading">Diversification Accelerates Along With Cost Pressures</h2>



Supply chain reshuffling is already underway, with India stepping up iPhone assembly and Vietnam handling more accessories. 



But Chatterjee says diversification isn't cheap &#8211; and neither is ramping up U.S. manufacturing. Between pricier labor and higher fab costs, Apple's cost base could creep up even without new tariffs.



<h2 class="wp-block-heading">iPhone 16E, FX Tailwinds Keep Near-Term Picture Intact</h2>



Still, it's not all gloom. The analyst sees a few tailwinds: Consumers might rush to buy iPhones ahead of any price hikes, FX is finally playing nice and the iPhone 16E could surprise on the upside with strong volume, especially in China.



Bottom line? 



The hardware tariff reprieve gives Apple a moment to breathe, but not enough to sprint. For now, Chatterjee is sticking with his Overweight rating &#8211; but he's trimmed his price target from $270 to $245, citing macro pressures and long-term cost risks.



So yes, Apple dodged a punch. But in this geopolitical dance, it's still light on its feet &#8211; because the next swing might be right around the corner.



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<li><a href="https://www.benzinga.com/general/market-summary/25/04/44783093/mark-cuban-examines-trumps-tariff-exemptions-rationale-on-electronics-thats-billions-of-revenue-for-the-usa">Mark Cuban Examines Trump&#8217;s Tariff Exemptions Rationale On Electronics: &#8216;That&#8217;s Billions Of Revenue For The USA&#8217;</a></li>
</ul>



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Analyst Ratings

Tech

AAPL

Apple's Margins Catch A Break, But Road Ahead Still Looks  Bumpy

The <a href="https://www.benzinga.com/topic/tariffs">90-day tariff pause</a> announced by President Donald Trump&#8216;s administration may offer temporary relief, but JPMorgan analyst Fabio Bassi warns that the macro backdrop remains fragile.



While countries that have not retaliated are spared for now, a 10% blanket tariff stays in place and tariffs on Chinese imports are jumping to 145%. That lifts the average U.S. tariff rate to around 30% &#8211; a significant economic headwind.



Bassi sees the recent move as a tactical timeout rather than a meaningful shift. Even under the unlikely scenario of China being removed entirely from the U.S. import equation, the average tariff rate would only fall back to the 10% level.



<h2 class="wp-block-heading">Pause, Not A Pivot As Recession Risk Looms</h2>



The size of the tariff-induced tax hike &#8211; estimated at over 3% of GDP &#8211; keeps recession fears alive. Bassi maintains a 60% probability of a U.S. and global recession. His 40% non-recession case hinges on a reversal of the China tariff escalation and a halt to further trade tensions elsewhere.



With sentiment weak and data mixed, macro headlines are set to dominate again. The so-called "Trump put," Bassi notes, was triggered by both a sharp equity selloff and a dysfunctional Treasury market, pushing the administration to ease up.



Read Also: <a href="https://www.benzinga.com/news/management/25/04/44774273/jpmorgan-ceo-jamie-dimon-expects-sp-500-growth-forecast-to-be-cut">JPMorgan CEO Jamie Dimon Expects S&amp;P 500 Growth Forecast To Be Cut</a>



<h2 class="wp-block-heading">S&amp;P 500 Faces Binary Path</h2>



JPMorgan has trimmed its S&amp;P 500 year-end target to 5,200, but Bassi lays out a nearly binary risk-reward path. A drawn-out trade war could drag the index toward 4,000, while a meaningful trade breakthrough &#8211; with Europe, Japan and a softened stance on China &#8211; could launch a rally toward 5,800.



Investors in the SPDR S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), the iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>) and the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) should remain wary of their holdings.



In the meantime, he expects markets to remain range-bound, with any short-term bounce vulnerable to fading if not backed by real policy clarity or Fed support.



<h2 class="wp-block-heading">Global Hedges: China Tech, India In Focus</h2>



As U.S. risks mount, Bassi highlights select opportunities abroad. China tech remains investable, especially given the likelihood of aggressive policy support from Beijing. ETFs like the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) and iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) offer exposure to that rebound theme.



India also gets a bullish nod, with potential policy tailwinds making it a compelling risk-on trade. U.S. investors may want to keep an eye on the iShares MSCI India ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDA#NYSE">INDA</a>) as a way to diversify away from the choppy U.S. outlook.



Bassi's view is clear: the tariff pause is not a pivot. With macro risks still elevated and the market vulnerable, investors may want to hedge through global plays rather than rush back into the U.S. exceptionalism trade.



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S&P 500 Could Tank To 4,000 If 'Trump Put' Fizzles, Says JPMorgan

Goldman Sachs analysts swiftly raised their earnings forecasts for top U.S. tech giants after a surprise weekend decision from the White House shielded key electronics from steep new <a href="https://www.benzinga.com/markets/25/04/44777482/trump-tariff-wars-chinas-new-rule-to-exempt-nvidia-qualcomm-and-others-from-levies-but-these-chip-companies-will-be-hit-with-125-tariffs">tariffs on Chinese imports.</a>



In a note shared Monday, analyst Michael Ng said U.S. Customs and Border Protection issued guidance late Friday clarifying that 20 tech product categories—including smartphones, servers, routers, solid-state drives and semiconductor equipment—would be exempt from the sweeping 125% tariffs imposed on Chinese goods. 



The exemptions apply retroactively to April 5 and may soften the blow for key hardware manufacturers facing escalating trade tensions.



<h3 class="wp-block-heading">Apple, Dell, HP Get A Reprieve</h3>



Goldman Sachs reversed recent estimate cuts on Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) and HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>). 



"These adjustments largely reverse the estimate cuts we made on April 7," Ng said, tying the swing directly to the reversal in tariff policy.



Thanks to improved gross margins, Goldman now sees stronger profitability ahead for these firms.



According to the investment bank, the move is particularly favorable for smartphone, PC, server and networking equipment makers. Still, the bank stopped short of sounding the all-clear, saying that "ongoing uncertainty in trade policy and growth" continues to pose a risk to the sector.



Apple received one of the largest upgrades. Goldman lifted its 12-month target price from $242 to $259 and increased projected earnings per share for fiscal years 2025 through 2027 by 6% on average, with estimates now at $7.37, $8.27 and $9.24, respectively. The revised valuation assumes a 30-times multiple on earnings one year forward, consistent with prior models.



Shares of the Cupertino-based iPhone maker climbed 5.5% in Monday&#8217;s premarket session, nearly reversing the losses it suffered following Donald Trump&#8217;s tariff announcement on April 2. 



Dell also saw a notable earnings bump. Goldman raised its fiscal 2026 EPS forecast from $7.57 to $9.13 and reiterated a target price of $95. That reflects a 9-times multiple on forward earnings, unchanged from previous assumptions.



Dell Technologies Inc. jumped 6%, also reclaiming ground lost earlier this month.



For HP Inc., while the rating remained Neutral, Goldman increased its fiscal 2025 and 2026 EPS projections by 10% on average, now forecasting $3.48 and $3.52. The 12-month price target holds steady at $27, based on a 7.5-times forward earnings multiple.



Hewlett Packard Enterprise Co. gained 4%, while HP Inc. advanced 3.7%.



The broader Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)&nbsp;rose 2.1% by 8:00 a.m. ET. 



<h3 class="wp-block-heading">Why These Products Matter</h3>



The products now exempted from tariffs make up a significant chunk of the U.S.-China tech trade.



Data from the International Trade Centre show the U.S. exported $15 billion worth of electrical goods to China in 2024, along with $8.7 billion to Hong Kong and $7.3 billion to Taiwan. Smartphone exports alone totaled $5.6 billion to Greater China.



Imports, however, dwarf those figures. Last year, the U.S. imported $159 billion of related electronics from China and its territories, including $58.9 billion worth of smartphones.



These figures underline how deeply intertwined the two economies remain—particularly in the tech supply chain. 



Before the latest White House decision, some experts estimated the price of a brand-new iPhone 16 Pro could have surged past $2,250—a jump of roughly 60%.



Read now: 



<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/04/44784107/us-stocks-likely-to-open-higher-expert-says-the-selling-pressure-is-starting-to-be-exhausted">US Stocks Likely To Open Higher: Expert Says &#8216;The Selling Pressure Is Starting To Be Exhausted&#8217;</a></li>
</ul>



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DELL

Goldman Sachs Cheers China Tariff Exemptions, Lifts Earnings Forecasts For Apple, Dell, HP

After a week of massive market losses tied to Team <a href="https://www.benzinga.com/25/04/44698325/trump-tariff-strategy-self-inflicted-market-debacle-says-wedbush-analyst">Trump's polarizing tariff</a> policy, U.S. consumers are understandably worried.



As of April 10, the S&amp;P 500 Index was down 2.20% over the past five trading days, including a big pop of over 1,400 points on April 9 and a 9.52% gain for SPX—the index&#8217;s 10th biggest day ever.&nbsp;



That hasn't pacified investors or consumers, even as other economic markers are trending positive. Exhibit "A" is inflation, with the US consumer price index falling by 0.1% in March, the lowest monthly rating since the COVID-19 pandemic.



Yet the widely-used University of Michigan consumer sentiment February survey showed consumer confidence falling to a 29-month low, a signal that US households are struggling right now.



However, some U.S. consumer sectors have proved immune to the worst of tariff hikes.



These three US consumer brands, in particular, are well-positioned to prosper during these trade wars.



<h2 class="wp-block-heading">Looking For Stabilizing Consumer Stocks</h2>



"The March inflation number was nice, but don't get used to it," said Greg McBride, chief financial analyst at Bankrate. "The headline Consumer Price Index for March decreased – aided by lower gasoline prices &#8211; and the annual increase in the core rate posted a 4-year low of 2.8 percent, which shows how tough it has been for household budgets during that time. But consumers, businesses, and even the Federal Reserve are bracing for higher prices in the months ahead."



With everything from Buicks to Barbie Dolls rising in price during the trade wars, and even with President Trump's April 9 call to pause the tariff hikes, consumers are scrambling for cover and spending less on goods. That's bad news for consumer stocks, as the S&amp;P 500 Consumer Staples index is only up 2.21% for the year to date and down 3.27 % over the past five days.



&#8220;New loan and bond issuance has come to a halt (as have M&amp;A and IPOs), as nobody wants to go to market right now given all the uncertainty," said John Bringardner, executive editor at Debtwire. "Air freight companies, airlines, retailers importing goods from China, and Indian pharmaceutical companies are among those we&#8217;ve written recently that are trading down following the latest tariff activity."



The tariff hikes haven&#8217;t affected some US consumer sectors much, though.



"Retailers, warehouses, and consumer staples companies are good examples of some sectors that are actually holding up fine, despite the issues," said Fabio Ruggeri, founder &amp; CEO of MenthorQ, a TradeTech company that specializes in developing advanced quantitative models for active investors. "They sell essential items and are less exposed to tariff-driven price swings. That makes them more resilient in these kinds of markets."



It&#8217;s all about geography right now when tracking consumer stocks.



"While global consumer brands are navigating these increased costs, U.S.-focused sectors that have already localized their sourcing are feeling less pain and, in some cases, gaining ground as competitors are still trying to figure out what to do next," Ruggeri said.



<h2 class="wp-block-heading">Three Stocks to Stabilize A Portfolio</h2>



In particular, these three consumer brands seem well-positioned during the trade wars.



TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>), a major retailer, is a "safe place" for investors in turbulent economic cycles. "TJX Companies is built for this kind of environment," said&nbsp; Joseph Camberato, CEO at the private lending firm National Business Capital. "They source goods from other retailers typically inside the U.S., so they don't have to pay tariffs. And when prices rise everywhere else, more shoppers start hunting for deals. Stores like these tend to do very well in these times.&#8221;



TJX shares are up 5.51% for the year.



Or consider Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>). Even if Trump is on the money and tariff deals with over 50 nations can be negotiated, that process will still take a while and may lead to supply chain disruptions, a weaker dollar and potentially big layoffs, especially at China-exposed companies.



Consumer staples can carry investors through periods of massive volatility, and there are few larger consumer companies than Coca-Cola and its $304 billion market cap. The stock has been up over 13% year to date and up 1.5% over the past trading week when many stocks lost significant ground. In a recent research note, Morgan Stanley issued an overweight call on KO, citing Coke "as increasingly in a league of their own."



Coca-Cola's big advantage over consumer goods giants like PepsiCo is that it doesn't produce snack foods and thus doesn't have to worry as much over supply chain woes or consumer demand. In turbulent times, when it pays to be lean and mean, having a Coke and a smile is a tempting proposition for stranded investors, especially with KO's robust 2.88% dividend yield.



Finally, Monster Beverage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) is on a tear right now, with the share price up 15.6% over the past three months and up 4.9% over the past month.



The company recently reacted swiftly to an allegation from a short-selling firm of trading improprieties. Monster issued a letter aggressively denying the charges, saying the document was "released by a self-interested activist short seller is filled with and based on inaccuracies and aspersions that appear to be designed to distort the Company's record and share price for its own gain." The response seemed to calm shareholder anxieties and signaled that the company management would quickly tamp down any potential negative news.



Analysts are bullish on the stock, with Citi's Filipo Falorni reaffirming a buy rating on MNST with a one-year price target of $64.00 (the stock is currently trading at $57 per share.



Morgan Stanley followed suit, with an overweight call on the stock, "driven by a resurgence in US sales behind rebounding category growth (gas/convenience recovery), the positive impact of price increases, sequential MNST US market share improvement with building innovation, and easier comparisons," the firm noted in a recent research note.



<h2 class="wp-block-heading">Be Prepared</h2>



Choosing any stock in harsh market climates is a tall task, and that's where reasonable due diligence can save the day.



&#8220;If you're eyeing consumer stocks, do your homework," Camberato advised. "Figure out where the company sources its products. If the company is sourcing from China, that's a red flag. Even if the company is big enough to dictate terms, it&#8217;s most likely still going to have a tough time."



High-yield bonds are a decent place to park money if you&#8217;re more conservative. "Just don't assume cash is safe," Camberato added. "Cash is more dangerous than anything due to inflation. Volatility spooks people, but knee-jerk reactions kill long-term gains.&#8221;



<h2 class="wp-block-heading">Survive Market Chaos—60% Off Benzinga Pro</h2>



Trade with confidence through market turbulence. Exclusive news, volatility scanners and instant alerts give you the edge when seconds count. Flash sale pricing—60% off—disappearing soon! Click <a href="https://www.benzinga.com/pro/register-spring-sale">HERE</a> to redeem your offer.



Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies which are neither expressly or impliedly approved or endorsed by Benzinga.



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Opinion

MNST

3 Big Brand Stocks To Lean On During Tariff Troubles

U.S. stock futures rose on Monday following Friday&#8217;s advances. Futures of major benchmark indices were higher in premarket.



President Donald Trump on Friday temporarily <a href="https://benzinga.com/25/04/44778464/trump-administration-grants-tariff-reprieve-to-tech-industry-apple-and-nvidia-among-beneficiaries">exempted smartphones, computers, and chips</a> from new U.S. reciprocal tariffs, despite a 20% tariff remaining on all Chinese goods, reversing part of a recently imposed 145% tariff.



However, the Commerce Secretary Howard Lutnick indicated these <a href="https://www.benzinga.com/general/market-summary/25/04/44783093/mark-cuban-examines-trumps-tariff-exemptions-rationale-on-electronics-thats-billions-of-revenue-for-the-usa">electronics exemptions are temporary</a>, and further tariffs could follow soon. Investors also assessed the upbeat bank earnings and cooler-than-expected inflation data.



The 10-year Treasury bond yielded 4.46% and the two-year bond was at 3.92%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool&#8217;s </a>projections show markets pricing a 79.3% likelihood of the Federal Reserve keeping the current interest rates unchanged in its May meeting. 



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>1.00%</td></tr><tr><td>S&amp;P 500</td><td>1.44%</td></tr><tr><td>Nasdaq 100</td><td>1.69%</td></tr><tr><td>Russell 2000</td><td>0.95%</td></tr></tbody></table></figure>



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, rose in premarket on Monday. The SPY was up 1.47% to $541.71, while the QQQ advanced 1.75% to $462.35, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



U.S. stocks finished Friday&#8217;s session higher, fuelled by robust bank earnings from JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), alongside surprisingly cooler producer inflation data up 2.7% year-on-year in March, down by 0.4% monthly.



All S&amp;P 500 sectors saw gains, with energy, information technology, and materials stocks leading the advance.



The positive sentiment resulted in significant weekly gains for the major averages: the S&amp;P 500 rose 5.7%, its best week since November 2023, the Nasdaq surged 7.3%, its best week since November 2022, and the Dow climbed approximately 5%.



The Dow Jones index climbed 619 points or 1.56% to 40,212.71, whereas the S&amp;P 500 index advanced 1.81% to 5,363.36. Nasdaq Composite rose to end 2.06% higher at 16,724.46, and the small-cap gauge, Russell 2000, jumped 1.57% to 1,860.20.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>2.06%</td><td>16,724.46</td></tr><tr><td>S&amp;P 500</td><td>1.81%</td><td>5,363.36</td></tr><tr><td>Dow Jones</td><td>1.56%</td><td>40,212.71</td></tr><tr><td>Russell 2000</td><td>1.57%</td><td>1,860.20</td></tr></tbody></table></figure>



Insights From Analysts:



According to Louis Navellier of Navellier &amp; Associates, given the severe selling in the stock market and high trading volume, &#8220;it appears that much of the selling pressure is starting to be exhausted.&#8221;



&#8220;There is no doubt that there will be ripple effects from the Trump Administration's trade war with China. It is imperative that the velocity of money picks up if news breaks on tariffs diminishing and/or the Fed cutting key interest rates,&#8221; he added.



Amid the growing trade tensions between the U.S. and China, Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) cut its targets for key Chinese stock indexes for a second time this month.



According <a href="https://www.bloomberg.com/news/articles/2025-04-14/goldman-sachs-cuts-targets-for-china-stocks-second-time-in-april#:~:text=The%20Goldman%20team%20trimmed%20its,to%20soften%20the%20trade%20shock.">to</a> Bloomberg, "U.S.-China trade tensions have soared to unprecedented levels, prompting concerns about global recession, and decoupling risks between the two largest economies globally in other strategic cohorts, notably capital markets, technology, and geopolitics," a team led by Kinger Lau wrote in a note Monday. 



Analysts reduced 12-month price targets for the MSCI China Index to 75 from 81 and the CSI 300 Index to 4,300 from 4,500 points, suggesting potential gains of 12% and 15% respectively based on Friday&#8217;s closing prices.



Meanwhile, Wedbush Securities&#8217; Dan Ives described the exclusion of smartphones and chips from China tariffs as the &#8220;dream scenario&#8221; for tech investors, stating that it&#8217;s a &#8220;game changer.&#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">"This is the dream scenario for tech investors," Dan Ives, global head of technology research at Wedbush Securities, told CNBC. "Smartphones, chips being excluded is a game changer scenario when it comes to China tariffs." <a href="https://twitter.com/CNBC?ref_src=twsrc%5Etfw">@CNBC</a> &#x1f3c6;&#x1f402;&#x1f525;&#x1f447;<a href="https://t.co/BhVWX2IYyN">https://t.co/BhVWX2IYyN</a>&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1911066705406685306?ref_src=twsrc%5Etfw">April 12, 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/money/how-to-trade-futures">How to Trade Futures </a>



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on this week:



<ul>
<li>On Monday, Philadelphia Fed President Patrick Harker will speak at 6:00 p.m., and Atlanta Fed President Raphael Bostic will speak at 7:40 p.m. ET.</li>
</ul>



<ul>
<li>On Tuesday, March&#8217;s import price index data and April&#8217;s Empire State manufacturing survey data will be released by 8:30 a.m. ET.</li>
</ul>



<ul>
<li>On Wednesday, March&#8217;s U.S. retail sales will be out by 8:30 a.m. ET.</li>
</ul>



<ul>
<li>Industrial production and capacity utilization data for March will be announced at 9:15 a.m. ET.</li>
</ul>



<ul>
<li>Business inventories for February and the home builder confidence index for April will be out by 10:00 a.m. ET.</li>
</ul>



<ul>
<li>Cleveland Fed President Beth Hammack will speak at 12:00 p.m. ET.</li>
</ul>



<ul>
<li>On Thursday, initial jobless claims data for the week ending April 12 and March&#8217;s housing starts, building permits, and April&#8217;s Philadelphia Fed manufacturing survey data will be released by 8:30 a.m. ET.</li>
</ul>



<ul>
<li>On Friday, San Francisco Fed President Mary Daly will speak at 8:00 a.m. ET.</li>
</ul>



Stocks In Focus:



<ul>
<li>Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) was up 1.73% in premarket on Monday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of $12.35 per share on revenue of $14.81 billion.</li>
</ul>



<ul>
<li>M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>) jumped 4.15% as Wall Street expects it to report earnings of $3.40 per share on revenue of $2.34 billion before the opening bell.</li>
</ul>



<ul>
<li>Pinnacle Financial Partners Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) was 0.16% lower as it is expected to report earnings after the closing bell. Analysts expect a quarterly earnings of $1.80 per share on revenue of $483.71 million.</li>
</ul>



<ul>
<li>Titan Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTNP#NASDAQ">TTNP</a>) was up 0.27% after it announced a $1 million private placement consisting of convertible preferred stock.</li>
</ul>



<ul>
<li>Aon PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) advanced 0.24% after announcing a 10% increase to its quarterly cash dividend.</li>
</ul>



<ul>
<li>Synaptics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNA#NASDAQ">SYNA</a>) was 0.82% higher after unveiling its next-generation touch controller engineered for foldable OLED displays.</li>
</ul>



<ul>
<li>BP PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) jumped 2.75% after announcing an oil discovery at the Far South prospect in the deepwater U.S. Gulf of America.</li>
</ul>



<ul>
<li>Sony Group Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) rose 1.79% after increasing the PS5&#8217;s price in Europe by 25%, ahead of a likely U.S. hike.</li>
</ul>



<ul>
<li>Chipmakers Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained 2.35%, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) was up 0.59%, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) was 1.82% higher and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) jumped 2.28% after Trump announced the he would levy tariff rate on imported semiconductors this week, adding that there would be flexibility with some companies in the sector.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.78% to hover around $61.98 per barrel.



Gold Spot US Dollar declined 0.32% to hover around $3,229.62 per ounce. Its fresh record high stood at $3,245.76 per ounce. The U.S. Dollar Index spot was lower by 0.66% at the 99.439 level.



Asian markets rose on Monday, including India's S&amp;P BSE Sensex, China&#8217;s CSI 300, Hong Kong's Hang Seng, Japan's Nikkei 225, Australia's ASX 200, and South Korea's Kospi index. European markets were mostly higher in early trade.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/04/44783093/mark-cuban-examines-trumps-tariff-exemptions-rationale-on-electronics-thats-billions-of-revenue-for-the-usa">Mark Cuban Examines Trump&#8217;s Tariff Exemptions Rationale On Electronics: &#8216;That&#8217;s Billions Of Revenue For The USA&#8217;</a></li>
</ul>



Photo courtesy: Shutterstock

Market Summary

Futures

Treasuries

Federal Reserve

Pre-Market Outlook

AVGO

NVDA

PNFP

SONY

SYNA

TTNP

US Stocks Likely To Open Higher: Expert Says 'The Selling Pressure Is Starting To Be Exhausted'

On Friday, April 11, U.S. markets closed higher, with all three major indexes posting strong gains, fueled by upbeat bank earnings and reassuring comments from Federal Reserve officials. The S&amp;P 500 and Dow recorded their largest weekly percentage gains since November 2023, while the Nasdaq notched its best week since November 2022.



Despite volatility driven by ongoing U.S.-China trade tensions and inflation concerns, investor sentiment improved following better-than-expected earnings from JPMorgan, Morgan Stanley, and Wells Fargo.



On the economic front, producer prices rose 2.7% in March, below the 3.3% forecast, while the monthly figure fell 0.4%—the sharpest drop since 2023.



All 11 major S&amp;P 500 sectors ended in positive territory, with materials and technology leading the gains.



The Dow Jones Industrial Average climbed 1.56% to 40,212.71, the S&amp;P 500 rose 1.81% to 5,363.36, and the Nasdaq Composite advanced 2.06% to close at 16,724.46.



Asia Markets Today



<ul>
<li>On Monday, Japan&#8217;s Nikkei 225 rose 1.27% to close at 34,011.50, led by gains in the Real Estate, Banking, and Textile sectors.</li>



<li>Japan&#8217;s Nikkei closed higher as U.S. tariff exclusions on smartphones lifted tech stocks, though investor caution remained amid ongoing trade uncertainty and fluctuating market sentiment.</li>



<li>Australia's S&amp;P/ASX 200 was up 1.34% and closed at 7,748.60, led by gains in the IT, Metals &amp; Mining and Materials sectors</li>



<li>India markets were closed for the Ambedkar Jayanti holiday.</li>



<li>China&#8217;s Shanghai Composite rose 0.76% to 3,262.81, and Shanghai Shenzhen CSI 300 increased 0.23% to 3,759.14.</li>



<li>Hong Kong&#8217;s Hang Seng Index gained 2.40% to 21,417.40.</li>



<li>China&#8217;s trade surplus rose to $102.64 billion in March, beating expectations of $74.30 billion. Exports surged 12.4% year-over-year amid front-loading ahead of steep U.S. tariffs. Imports fell 4.3%, reflecting retaliatory tariffs and weak domestic demand in the face of slowing economic growth.</li>
</ul>



Eurozone at 05:45 AM ET



<ul>
<li>The European STOXX 50 was up 1.87%.</li>



<li>Germany&#8217;s DAX gained 2.11%.</li>



<li>France&#8217;s CAC 40 rose 1.78%.</li>



<li>U.K.&#8217;s FTSE 100 index traded higher by 1.75%.</li>



<li>European markets rose Monday as the U.S. <a href="https://www.benzinga.com/25/04/44778464/trump-administration-grants-tariff-reprieve-to-tech-industry-apple-and-nvidia-among-beneficiaries" target="_blank" rel="noreferrer noopener">exempted</a> certain electronics from reciprocal tariffs, easing fears of a deepening trade war.</li>
</ul>



Commodities at 05:45 AM ET



<ul>
<li>Crude Oil WTI was trading higher by 1.01% at $62.12/bbl, and Brent was up 0.96% at $65.38/bbl.</li>



<li>Oil prices inched up Monday after the U.S. exempted some goods from tariffs and China reported a strong rebound in crude imports for March.</li>



<li>Natural Gas fell 1.76% to $3.467.</li>



<li>Gold was trading lower by 0.17% at $3,239.24, Silver was up 1.09% to $32.270, and Copper rose 1.33% to $4.5823x.</li>
</ul>



U.S. Futures at 05:45 AM ET



Dow futures were up 0.74%, S&amp;P 500 futures gained 1.06%, and Nasdaq 100 futures rose 1.22%.



Forex at 05:45 AM ET



<ul>
<li>The U.S. Dollar Index declined 0.65% to 99.45, USD/JPY was down 0.29% to 142.09, and USD/AUD slid 0.58% to 1.5809.</li>



<li>The U.S. dollar slipped Monday amid continued uncertainty from President Trump&#8217;s tariff moves, boosting the euro, yen, and other major currencies. Investor confidence in the dollar weakened as contradictory trade messages fueled market volatility.</li>
</ul>



Photo via Shutterstock

Emerging Markets

Eurozone

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

EEMA

FLAX

IEMG

IEUR

KDIV

SPEM

USDU

Asia And Europe Markets Gain On Partial US Reciprocal Tariff Exemptions; Dollar Hits Multi-Month Low - Global Markets Today While US Slept

Elon Musk, CEO of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Jack Dorsey, co-founder of Twitter (currently X) as well as Square, now called Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), have ignited a debate over intellectual property rights. The tech magnates have suggested a complete eradication of IP laws, a move that has stirred controversy in the tech industry.



What Happened: Dorsey initiated the discussion with a post on X stating, &#8220;delete all IP law.&#8221; Musk, who now owns X (formerly Twitter), promptly agreed with Dorsey&#8217;s sentiment. The discussion comes amid ongoing lawsuits faced by AI companies, including OpenAI, co-founded by Musk, over alleged copyright violations.



<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">delete all IP law&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1910829254214115681?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="538" height="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14041805/image-88.png" alt="" class="wp-image-869567" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14041805/image-88.png 538w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/14041805/image-88-300x77.png 300w" sizes="(max-width: 538px) 100vw, 538px" /></figure>



The debate has drawn a mixed bag of reactions. Tech evangelist Chris Messina supported Dorsey&#8217;s stance. He wrote on BlueSky social, &#8220;Jack has a point" as "Automated IP fines/3-strike rules for AI infringement may become the substitute for putting poor people in jail for cannabis possession."



Meanwhile, others, like Ed Newton-Rex of Fairly Trained, on BlueSky, criticized the interaction between the tech executives. &#8220;Tech execs declaring all-out war on creators who don't want their life's work pillaged for profit,&#8221; posted Newton-Rex.



SEE ALSO:&nbsp;<a href="https://benzinga.com/25/04/44781876/om-tokens-90-crash-leaves-holders-reeling-with-lossesmantra-blames-reckless-liquidations-but-are-big-players-invo" target="_blank" rel="noreferrer noopener">OM Token&#8217;s 90% Crash Leaves Holders Reeling —MANTRA Blames &#8216;Reckless Liquidations,&#8217; CEO Says &#8216;Fixing This&#8217;</a>



Why It Matters: The exchange of views between the tech innovators comes at a time when Meta Platforms&#8216; (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) Llama AI models have been caught in a <a href="https://www.benzinga.com/25/03/44452879/meta-profits-from-llama-ai-models-despite-denials-court-filing-reveals">copyright lawsuit</a> over the use of pirated e-books for training. 



Dorsey&#8217;s and Musk&#8217;s recent comments are in line with their long-held views on intellectual property rights. Dorsey has been a vocal critic of IP laws, viewing them as barriers to innovation. In his subsequent posts under the current one, he argued that the current IP system restricts creativity and unfairly benefits gatekeepers at the expense of creators.&nbsp;



There are "much greater models to pay creators" while claiming "the current ones take way too much from them and only rent-seek,&#8221; posted Dorsey.



Similarly, Musk&#8217;s endorsement of Dorsey&#8217;s post is consistent with his 2014 Tesla patent pledge not to enforce patents against &#8220;good faith&#8221; users. However, in a twist of events, Tesla sued Australian company, Cap-XX in 2023, suspecting the supercapacitors used for energy storage in EV batteries likely infringed on two U.S. patents held by a Tesla subsidiary.



Their recent comments have reignited the conversation around intellectual property rights in the tech industry, a topic that will undoubtedly continue to be a point of contention.



<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/44780734/tim-walz-says-its-okay-to-be-successful-but-dont-be-a-greedy-bastard-and-not-pay-your-taxes" target="_blank" rel="noreferrer noopener">Tim Walz Says, &#8216;It&#8217;s Okay To Be Successful,&#8217; But &#8216;Don&#8217;t Be A Greedy Bastard And Not Pay Your Taxes&#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.

TSLA

Elon Musk, Jack Dorsey Call For Abolition Of All Intellectual Property Laws, Arguing There Are 'Much Greater Models To Pay Creators'

Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) CEO Tim Cook previously explained the company&#8217;s decision to continue manufacturing its products in China, refuting the widespread belief that it&#8217;s due to low labor costs.



What Happened: A 2024 video of Tim Cook has resurfaced, providing insights into&nbsp;Apple&#8217;s&nbsp;manufacturing choices amid the ongoing U.S.-China tariff war. In the video, posted on X by CNBC TV18 reporter Nigel D&#8217;Souza, Cook dismissed the idea that Apple&#8217;s manufacturing in China is due to low labor costs, stating, &#8220;China stopped being a low labor cost company many years ago.&#8221;



Instead, he emphasized China&#8217;s unparalleled skilled labor concentration in one location and advanced tooling capabilities as the primary reason. Cook emphasized that &#8220;the products that we do require truly advanced tooling.&#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">Tim Cook breaks down why Apple builds in China and why the U.S. isn't ready to replace it yet. <a href="https://t.co/OiEpyIEZlN">pic.twitter.com/OiEpyIEZlN</a>&mdash; Nigel D&#39;Souza (@Nigel__DSouza) <a href="https://twitter.com/Nigel__DSouza/status/1910657782509973651?ref_src=twsrc%5Etfw">April 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



On that note, Cook emphasized the sharp difference in vocational skills between the US and China. The Apple CEO stated, "In the US, you could have a meeting of tooling engineers, and I&#8217;m not we could fill the room." In China, however, "you could fill multiple football fields&#8230;. Hence, the vocational expertise in China is very deep&#8221;.



SEE ALSO:&nbsp;<a href="https://benzinga.com/pressreleases/24/10/ab41310379/claritycheck-launches-innovative-reverse-lookup-tool-to-empower-users-against-digital-scams" target="_blank" rel="noreferrer noopener">ClarityCheck Launches Innovative Reverse Lookup Tool to Empower Users Against Digital Scams &#8211; Benzinga</a>



Why It Matters: The U.S.-China tariff war has put pressure on American companies to shift production back home. Earlier this month,&nbsp;a leading tech analyst predicted a <a href="https://www.benzinga.com/markets/equities/25/04/44728758/trumps-tariffs-could-push-apple-iphone-prices-to-a-staggering-3500-says-top-analyst">significant price hike</a> for Apple iPhones if manufacturing shifts to the U.S., potentially reaching around $3,500. This is due to the complexity of recreating the production ecosystem that currently exists in Asia.



Furthermore,&nbsp;experts opined that Apple&#8217;s supply chain could <a href="https://www.benzinga.com/25/04/44781528/apples-preemptive-iphone-stockpile-could-disrupt-supply-chain-amid-looming-semiconductor-tariffs-warns-top-analyst-says-this-may-be-cupertinos-best-option-beyond-white-house-talks">face major disruptions </a>due to new reciprocal tariffs. Apple had temporarily dodged steep tariffs on Chinese-made electronics following an exemption granted by Trump.



A recent report&nbsp;also suggested that Apple completed an <a href="https://www.benzinga.com/25/04/44706383/apple-airlifts-iphones-from-india-and-china-in-72-hour-race-to-beat-trumps-tariffs-as-stock-sinks-amid-us-china-trade-panic">urgent logistics operation</a>, transporting five planeloads of iPhones and other products from manufacturing centers in India and China to the U.S. within 72 hours, in a bid to beat President Donald Trump's new 10% reciprocal tariff on imports.



Given these complexities, Cook&#8217;s emphasis on China&#8217;s skilled labor and advanced tooling capabilities provides a clearer understanding of Apple&#8217;s manufacturing decisions.



Apple has lost over $500 billion in market capitalization since the Apr 2 &#8216;Liberation Day&#8217; tariffs. On Friday, the stock climbed 4.06% to close at $198.15, as per <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.



Apple holds a momentum rating of 62.11% and a quality rating of 86.50%, according to <a href="https://www.benzinga.com/quote/AAPL" target="_blank" rel="noreferrer noopener">Benzinga's Proprietary Edge Rankings</a>. For an in-depth report on more stocks and insights into growth opportunities, <a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">sign</a> <a href="https://www.benzinga.com/screener/top-momentum-stocks" target="_blank" rel="noreferrer noopener">up for Benzinga Edge.</a>



<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/44779863/warren-buffetts-son-sold-his-berkshire-stock-inheritance-to-buy-something-infinitely-more-valuable-than-the-500-million-it-would-be-worth-today" target="_blank" rel="noreferrer noopener">Warren Buffett&#8217;s Son Sold His Berkshire Stock Inheritance To Buy Something &#8216;Infinitely More Valuable&#8217; Than The $500 Million It Would Be Worth Today &#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.

When Apple's Tim Cook Revealed The Real Reason iPhones Are Made In China—And It's Not 'Low Labor Costs': 'China Stopped Being A Low-Wage Country Years Ago'

The CNN Money Fear and Greed index showed easing in the overall fear level, while the index remained in the &#8220;Extreme Fear&#8221; zone on Friday.



U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 600 points during the session as investors welcomed upbeat bank earnings and cooler-than-expected inflation data, while largely shrugging off trade war concerns after China raised tariffs on U.S. goods to 125%.



Producer prices cooled to 2.7% year-over-year in March, well below the 3.3% consensus, while the monthly figure declined by 0.4% — the steepest drop since 2023.



JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) reported better-than-expected first-quarter EPS and revenues. Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>) reported a first-quarter 2025 EPS of $2.60, up from $2.02 a year ago and beating the consensus of $2.21.



Despite significant volatility last week, all three major averages recorded gains during the period. The S&amp;P 500 gained 5.7% to record its best week since November 2023, while the Nasdaq jumped 7.3%, notching its best week since November 2022. The Dow also jumped around 5% last week.



All sectors on the S&amp;P 500 closed on a positive note, with energy, information technology, and materials stocks recording the biggest gains on Friday.



The Dow Jones closed higher by around 619 points to 40,212.71 on Friday. The S&amp;P 500 rose 1.81% to 5,363.36, while the Nasdaq Composite climbed 2.06% to 16,724.46 during Friday's session.



Investors are awaiting earnings results from The Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), M&amp;T Bank Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>), and Pinnacle Financial Partners Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 12.7, the index remained in the &#8220;Extreme Fear&#8221; zone on Friday, versus a prior reading of 8.3.



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.



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Photo via Shutterstock

Dow Jumps Over 600 Points Following Strong Bank Earnings: Greed Index Remains In 'Extreme Fear' Zone

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) may have <a href="https://www.benzinga.com/tech/25/04/44780473/apple-escapes-supply-chain-crisis-as-trump-excludes-popular-electronics-from-tariffs">avoided the worst</a> of Donald Trump's new reciprocal tariffs—for now—but top analyst Ming-Chi Kuo warns that the company's supply chain could still face major disruptions in the months ahead.



What Happened: Apple has temporarily dodged steep tariffs on Chinese-made electronics, including iPhones, iPads, Macs, Apple Watches, and AirTags, following an exemption granted by Trump late Friday.



However, TF International Securities analyst Kuo says this relief may be short-lived, and Apple's response could create new challenges.



In a post on X, Kuo noted that Apple began stockpiling U.S.-bound iPhones after the Lunar New Year, which fell in late January, building up more than two months of inventory in anticipation of trade volatility.



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While this move helps protect second-quarter sales, he warned it may lead to "a sharper disruption to the supply chain during the model transition compared to prior years."



He went on to add that production lines in China that assemble iPhones for the U.S. market remain idle, reinforcing Apple's plan to shift more of its iPhone manufacturing to India. However, he cautioned that the plan is "subject to change and should be closely monitored."



Kuo also flagged multiple trade risks still on the table, including a potential 20% semiconductor tariff and executive orders tied to reciprocal tariffs.



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Commerce Secretary Howard Lutnick confirmed over the weekend that current tariff exemptions for electronics are only temporary and that additional levies—possibly impacting iPhones—could be introduced within months.



&#8220;Amid the Trump administration's unpredictable tariff policies, Apple's best option—beyond ongoing talks with the White House for exemptions—is to establish sufficient iPhone production lines in India to meet U.S. market demand,&#8221; Kuo stated.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just after noting that semiconductor tariffs may impact iPhones, U.S. Commerce Secretary Lutnick said that electronics, including iPhones, will be subject to semiconductor tariffs in a month or two. Commerce Secretary Lutnick says tariff exemptions for electronics are only… <a href="https://t.co/3BJWWUmIz5">https://t.co/3BJWWUmIz5</a>&mdash; 郭明錤 (Ming-Chi Kuo) (@mingchikuo) <a href="https://twitter.com/mingchikuo/status/1911470768837591132?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: Despite Apple's efforts to diversify its supply chain away from China, nearly 80% of the 77 million iPhones shipped to the U.S. last year were still manufactured there.



Earlier this month, ahead of Trump's new tariffs taking effect, Apple reportedly exported <a href="https://www.benzinga.com/25/04/44706383/apple-airlifts-iphones-from-india-and-china-in-72-hour-race-to-beat-trumps-tariffs-as-stock-sinks-amid-us-china-trade-panic">600 tons of iPhones</a> — about 1.5 million units — from India to the U.S.



Amit Daryanani, an analyst at Evercore ISI, voiced relief for Apple in a Saturday note, saying, "The tariffs would have driven material cost inflation."



Previously, Bank of America analyst Wamsi Mohan warned that Apple could see iPhone production <a href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44720209/apple-faces-up-to-90-cost-surge-on-iphones-if-us-tariffs-stick-analyst-looks-at-possible-shift-to-india-price-increase">costs surge by over 90%</a> if U.S. assembly requirements and tariffs are implemented.



Price Action: Year-to-date, Apple shares have dropped 18.74%, though they've gained 14.74% over the past 12 months, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.



Benzinga Edge's Stock Rankings give Apple a growth score of 45.05%. Curious how it stacks up against other stocks? <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here for the full breakdown</a>.



Image via Shutterstock



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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.

Apple's  iPhone Stockpile Could Disrupt Supply Chain Amid Looming Chip Tariffs, Warns Top Analyst — Identifies Cupertino's Best Option Beyond White House Talks

Former Treasury Secretary Larry Summers called Trump tariffs the biggest shock for middle-class families he'd seen since the 1970s.



What Happened: Debating conservative political commentator Oren Cass on CNN&#8217;s Fareed Zakaria GPS on Sunday, the former Chief Economist at the World Bank and Secretary of The Treasury in the Clinton administration started by calling the Trump administration&#8217;s tariff programs &#8220;completely ill-conceived&#8221; for its objectives.



He disputed his opponent&#8217;s claims that manufacturing jobs accounted for 8% of total employment, stating that only about 4% were actually involved in production, calling it a &#8220;very small and dwindling share&#8221; of the country&#8217;s workforce.



Summers cites the example of the steel industry, which is now subject to 25% tariffs on imports, stating that there are &#8220;50 times more workers in industries that use steel, than those who work in the steel industry,&#8221; and these industries are now less competitive as a result of the tariffs and the &#8220;higher input costs&#8221; resulting from the same.



<figure class="wp-block-embed aligncenter 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 told <a href="https://twitter.com/FareedZakaria?ref_src=twsrc%5Etfw">@FareedZakaria</a> <a href="https://twitter.com/CNN?ref_src=twsrc%5Etfw">@CNN</a>: These tariffs are the biggest shock for middle class families since I&#39;ve been following the economy beginning in the 1970s. <a href="https://t.co/mWhMYXJvd8">https://t.co/mWhMYXJvd8</a>&mdash; Lawrence H. Summers (@LHSummers) <a href="https://twitter.com/LHSummers/status/1911493129753985155?ref_src=twsrc%5Etfw">April 13, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



While he admitted that there are things to be done on the manufacturing front, he believes the current administration&#8217;s programs have largely been counterproductive. Such as the dismantling of the <a href="https://benzinga.com/general/market-summary/25/03/44135177/trump-seeks-to-end-chips-act-who-stands-to-lose-heres-a-list-of-beneficiaries-that-could-be-affected">CHIPS Act</a>, which was meant to build manufacturing capacity in the sensitive semiconductors industry.



He further adds that this program burdens &#8220;our manufacturing teammates Canada and Mexico,&#8221; before stating that &#8220;if you punch your erstwhile friend in the face, you will get their attention,&#8221; referring to America&#8217;s trade partners who are now coming to the table, in order to negotiate a trade deal with the country.



However, Summers believes the U.S.&#8217; new trade policies will cause it to lose friends, driving them &#8220;into the arms of our adversaries.&#8221; He concluded by saying that the only winner in all this is China and its Premier Xi Jinping, who are seeing &#8220;scope for new markets, scope for new influence, and displacing the United States.&#8221;



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Why It Matters: Summers has been a vocal critic of the trade tariffs for quite some time, having stated on Liberation Day that it would result in an <a href="https://benzinga.com/markets/25/04/44623179/larry-summers-warns-trumps-tariffs-will-deliver-oil-crisis-like-shock-slash-30-trillion-from-economy-as-markets-plunge">&#8216;Oil Crisis-Like Shock&#8217;</a> that would wipe out $30 trillion from the economy.



He has also rejected the administration&#8217;s claims of <a href="https://benzinga.com/news/25/04/44776458/obama-era-treasury-secretary-larry-summers-rejects-china-cheating-at-trade-narrative-we-get-ev-batte">China cheating in trade</a>, stating that &#8220;if China wants to sell us things at really low prices&#8221; such as solar collectors or cheap batteries for electric cars &#8220;It&#8217;s kind of a good deal for us,&#8221; when asked about the Chinese government subsidizing its industries.



Image via Shutterstock



Read More: <a href="https://www.benzinga.com/markets/25/04/44780489/ray-dalio-foresees-economic-crisis-worse-than-recession-im-worried-about-something-worse-than-a-recession-if-this-isnt-handled-well">Ray Dalio Foresees Economic Crisis Worse Than Recession: &#8216;I&#8217;m Worried About Something Worse Than A Recession, If This Isn&#8217;t Handled Well&#8217;</a>

Government

Trump Tariffs 'Biggest Shock For Middle Class Families' Since 1970s, Says Larry Summers

From ethical to tokenomics concerns, Official Melania Meme, the Solana memecoin backed by first lady Melania Trump, just like OFFICIAL TRUMP, the Solana memecoin launched by President Donald Trump, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43078040/trump-coin-tanks-36-even-as-melania-trump-launches-her-own-token-top-analyst-says-his-short-is-going-very-very-well">raised several red flags when it launched</a>.



Fast-forward months and these concerns have been more or less validated as the coin trades 96% below its all-time high, and insiders continue to dump on holders.



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<h2 class="wp-block-heading">MELANIA Team Quietly Cashing Out Millions In Community Funds</h2>



The Official Melania Meme team is kicking token holders while they are down.



On Monday, blockchain data provider Bubblemaps <a href="https://x.com/bubblemaps/status/1909304949160165530?t=y7xJ1NYwkRsCQ5gTNeMYZQ&amp;s=19">reported</a> that the token with the ticker MELANIA was facing &#8220;huge sell-offs&#8221; as the team behind the project quietly siphoned millions from the community fund.



Crypto projects typically set aside community funds for everything from ecosystem development to community incentivization programs. But Bubblemaps suggests that members of the MELANIA team appear to be using the project&#8217;s community fund as a personal piggy bank.



According to the blockchain data provider, MELANIA team members have moved 50 million tokens worth approximately $30 million from the project&#8217;s community fund. Splitting the tokens across multiple addresses, $3 million worth of tokens have made it to exchanges, with $500,000 worth of tokens confirmed sold.



Trending: <a href="https://www.benzinga.com/money/vatom-adv">Invest in the future of digital engagement: Own a piece of the $100 billion Metaverse for just $500</a>.



Just over a week ago, Bubblemaps <a href="https://x.com/bubblemaps/status/1905600617612968258?t=uF3QmVxO3TMSYYtw7czfkw&amp;s=19">highlighted</a> a $2 million extraction from MELANIA&#8217;s liquidity pools, with $1 million sent to exchanges. In this instance, the firm squarely pointed the finger at Hayden Davis.



Davis is widely seen as the mastermind behind MELANIA and the Argentine President Javier Milei-backed LIBRA token. According to Bubblemaps, wallets tied to Davis moved $1 million worth of MELANIA tokens via single-sided liquidity, the same tactic he infamously used <a href="https://www.benzinga.com/25/02/43839293/entitied-tied-to-libra-token-creator-reportedly-removed-99-million-in-liquiditytraders-lost-over-250-million-in-scam">to extract $100 million in liquidity from LIBRA</a>.



&#8220;Hayden may have seen the recent drop in attention as a window to quietly move funds while fewer people were watching,&#8221; the blockchain data provider wrote at the time.



Davis&#8217; involvement with LIBRA has put him under significant scrutiny, with one Argentine lawyer <a href="https://in.benzinga.com/news/global/25/03/44296984/libra-token-fallout-argentine-lawyer-demands-extradition-of-project-creator-from-us">seeking an Interpol red notice</a> for the controversial crypto entrepreneur&#8217;s arrest and extradition.



The recent MELANIA sales are concerning, as Bubblemaps highlights that wallets tied to the team control 92% of the token supply.



&#8220;The damage isn&#8217;t done yet,&#8221; the firm warned.



Unsurprisingly, the recent report of Illicit MELANIA token sales has sparked mixed reactions. While some appear unsurprised, others have gone as far as asking that the first lady be made to answer for her role in the grift.



<a href="https://twitter.com/jynxbt/status/1909465356906693031?t=76s9LSSGVaaxuT_rmWc8XA&amp;s=19">https://twitter.com/jynxbt/status/1909465356906693031?t=76s9LSSGVaaxuT_rmWc8XA&amp;s=19</a>



Despite the many concerns, MELANIA still appears to have several thousand holders. Specifically, data from Solana blockchain explorer Solscan <a href="https://solscan.io/token/FUAfBo2jgks6gB4Z4LfZkqSZgzNucisEHqnNebaRxM1P">shows</a> that the token has over 245,000 holders.



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Personal Finance

Melania Trump's Memecoin Sees Huge Sell-Offs As Team Quietly Cashes Out Millions In Community Funds

These large-cap stocks were the worst performers in the last week. Are they in your portfolio?



<ol>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) shares plummeted 13.16%. President Donald Trump closed the "de minimis" loophole, a trade exemption that allowed foreign e-commerce companies to ship low-cost packages <a href="https://www.benzinga.com//node/44714336" target="_blank" rel="noreferrer noopener">(under $800) into the U.S. tariff-free</a>.</li>



<li>Petroleo Brasileiro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) stock sank 11.96% as stocks pulled back after surging earlier following President Trump's tariff pause announcement.</li>



<li>CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) shares dived 9.72% after the company reported fourth-quarter<a href="https://www.benzinga.com//node/44733776" target="_blank" rel="noreferrer noopener"> results and missed its EPS estimate.</a> Several analysts cut<a href="https://www.benzinga.com/quote/kmx/analyst-ratings" target="_blank" rel="noreferrer noopener"> the price forecast on the stock</a>.</li>



<li>Aptiv PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) stock decreased 9.58%. UBS analyst Joseph Spak downgraded the rating from Buy to Neutral and lowered <a href="https://www.benzinga.com/quote/aptv/analyst-ratings" target="_blank" rel="noreferrer noopener">the price forecast from $91 to $58</a>.</li>



<li>Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) stock was down 8.74% after the company disclosed that shipments declined 9% year-over-year to around <a href="https://www.benzinga.com//node/44763932" target="_blank" rel="noreferrer noopener">1.2 million units in the first quarter</a>.</li>



<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) shares tumbled 8.51%.</li>



<li>Bristol-Myers Squibb Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) shares dipped 8.30%. U.S. President confirmed in a conversation with reporters at his Oval Office that<a href="https://www.benzinga.com//node/44756157" target="_blank" rel="noreferrer noopener"> pharmaceutical companies would face tariffs</a>.</li>



<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) stock fell 8.09% last week amid an overall market reversal on US-China trade tensions. Volatility in the 30-year mortgage rate could also affect housing demand.</li>



<li>Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) shares declined 7.56% as escalating trade tensions between the U.S. and China threaten to derail the e-commerce <a href="https://www.benzinga.com//node/44704439" target="_blank" rel="noreferrer noopener">giant's international business model</a>.</li>



<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) stock fell 7.37% last week amid U.S.-China trade announcements and overall market weakness.</li>
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Photo by Paulm1993 via Shutterstock

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These Large-Cap Stocks With China And EU Exposure Got Crushed In The One Of The Most Volatile Trading Week (Apr 7-Apr 11): Are These In Your Portfolio?

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