Nebius Group Option Alert: Fri $40 Calls Sweep (9) near the midpoint: 1000 vs 6801 OI; Earnings 2/20 Before Open 

Nebius Group Option Alert: Fri $40 Calls Sweep (9) near the midpoint: 1000 @ $6.4 vs 6801 OI; Earnings 2/20 Before Open Ref=$46.385

Nebius Group Option Alert: May 16 $48 Calls Sweep (31) near the Ask: 702 vs 823 OI; Earnings 2/20 Before Open 

Nebius Group Option Alert: May 16 $48 Calls Sweep (31) near the Ask: 702 @ $10.301 vs 823 OI; Earnings 2/20 Before Open Ref=$48.02

Nebius Group Option Alert: May 16 $37 Calls at the Ask: 13600 vs 13930 OI; Earnings 2/20 Before Open 

Nebius Group Option Alert: May 16 $37 Calls at the Ask: 13600 @ $16.4 vs 13930 OI; Earnings 2/20 Before Open Ref=$49.164

Nebius Group Option Alert: Feb 21 $55 Calls Sweep (58) near the Bid: 3680 vs 3999 OI; Earnings 2/25 Before Open [est] 

Nebius Group Option Alert: Feb 21 $55 Calls Sweep (58) near the Bid: 3680 @ $1.534 vs 3999 OI; Earnings 2/25 Before Open [est] Ref=$44.51

Nebius Group Option Alert: Feb 21 $45 Calls Sweep (61) near the Ask: 1839 vs 3161 OI; Earnings 2/25 Before Open [est] 

Nebius Group Option Alert: Feb 21 $45 Calls Sweep (61) near the Ask: 1839 @ $4.25 vs 3161 OI; Earnings 2/25 Before Open [est] Ref=$44.51

Nebius Group Option Alert: Mar 21 $35 Calls at the Ask: 500 vs 2687 OI; Earnings 2/25 Before Open [est] 

Nebius Group Option Alert: Mar 21 $35 Calls at the Ask: 500 @ $12.4 vs 2687 OI; Earnings 2/25 Before Open [est] Ref=$44.9999

Nebius Group Option Alert: Jan, 2026 $45 Calls at the Bid: 2500 vs 4623 OI; Earnings 2/25 Before Open [est] 

Nebius Group Option Alert: Jan, 2026 $45 Calls at the Bid: 2500 @ $11.6 vs 4623 OI; Earnings 2/25 Before Open [est] Ref=$39.68

Nebius Group (NASDAQ:NBIS) Azioni

Nebius Group

Nebius Group N.V. - Class A Ordinary Shares

Nebius Group NV is a tech company. It is a European provider of infrastructure and services to AI builders globally. The group builds full-stack infrastructure to service the growth of the AI industry, including the scale of GPU clusters, cloud platforms, tools, and services for developers. It has R&D hubs across Europe, North America and Israel.

Nebius Group NV

Standard Lithium (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SLI#AMEX">SLI</a>) reported quarterly losses of $(0.01) per share. This is a 75 percent increase over losses of $(0.04) per share from the same period last year.

Earnings

News

Standard Lithium Q3 EPS $(0.01) Up From $(0.04) YoY

<a href="https://www.bloomberg.com/news/articles/2025-05-09/us-probes-role-of-crowdstrike-bosses-in-carahsoft-deal" title="https://www.bloomberg.com/news/articles/2025-05-09/us-probes-role-of-crowdstrike-bosses-in-carahsoft-deal">https://www.bloomberg.com/news/articles/2025-05-09/us-probes-role-of-crowdstrike-bosses-in-carahsoft-deal</a>

Legal

CRWD

'US Probes Role Of CrowdStrike Bosses In Carahsoft Deal' - Bloomberg

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2025/05/07/final-trades-shake-shack-wynn-resorts-spotify-and-the-iyf.html">Halftime Report Final Trades</a>,&#8221; Bill Baruch, President of Blue Line Capital, said Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has been the dog of the Nasdaq and it is going to <a href="https://in.benzinga.com/25/04/45117886/microsoft-q3-earnings-highlights-revenue-beat-eps-beat-cloud-revenue-up-20">start outperforming</a>.
Supporting his view, Microsoft, on April 30, reported better-than-expected third-quarter financial results. The company reported third-quarter revenue of $70.07 billion, up 13% year-over-year. The revenue total beat a Street consensus estimate of $68.43 billion according to data from Benzinga Pro. Microsoft said it sees fourth-quarter sales of $73.150 billion to $74.250 billion, versus market estimates of $72.28 billion.
Stephen Weiss, Chief Investment Officer of Short Hills Capital Partners, said information technology company Leidos Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LDOS#NYSE">LDOS</a>) was the winner in that space.
Leidos Holdings, on May 6, reported first-quarter revenue growth of 7% year-over-year to $4.25 billion. It beat the analyst consensus estimate of $4.1 billion. The company&#8217;s adjusted EPS was $2.97, up 30% Y/Y, beating the analyst consensus estimate of $2.50.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Kari Firestone, Chair Emerita of Aureus Asset Management, named Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) as her final trade, saying the group is down roughly 30% and they are starting to move higher.
Lending support to her choice, Blackstone, on April 17, reported stronger-than-expected first-quarter financial results.
Joshua Brown, CEO of Ritholtz Wealth Management, picked JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) as his final trade.
On the earnings front, JPMorgan Chase, on April 11, reported better-than-expected first-quarter EPS and revenues.
Price Action:
<ul class="wp-block-list">
<li>Microsoft shares climbed 1.1% to close at $438.17 on Thursday.</li>
<li>Leidos shares slipped 0.01% to settle at $154.71 during Thursday's session.</li>
<li>Blackstone shares rose 2.7% to close at $139.81 on Thursday.</li>
<li>JPMorgan shares climbed 1.6% to settle at $253.47.</li>
</ul>
Check This Out: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/05/45285413/top-3-financial-stocks-which-could-rescue-your-portfolio-this-month">Top 3 Financial Stocks Which Could Rescue Your Portfolio This Month</a></li>
</ul>
Image: Shutterstock

LDOS

MSFT

Microsoft, Blackstone, Leidos And A Big US Bank: CNBC's 'Final Trades'

Nissan Motor Co. Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NSANY#OTC">NSANY</a>) reportedly announced Friday that it is scrapping plans to build a $1.1 billion electric vehicle battery plant in Kitakyushu, Japan.
Nissan has canceled plans to build an EV battery plant in Kitakyushu months after signing local agreements. The company cited a review of investments due to weak performance, reported <a href="https://asia.nikkei.com/Business/Automobiles/Nissan-abandons-plan-for-EV-battery-plant-in-southern-Japan" target="_blank" rel="noreferrer noopener">Nikkie Asia</a>.
Initially unveiled in January, the lithium iron phosphate (LFP) facility was expected to create around 500 jobs with a 153.3 billion yen investment.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44709732/foxconn-eyes-nissan-mitsubishi-in-japan-ev-push-to-counter-chinas-growing-auto-threat" rel="noreferrer noopener">Foxconn Eyes Nissan, Mitsubishi In Japan EV Push To Counter China&#8217;s Growing Auto Threat</a>
Facing sluggish vehicle sales in the U.S. and China, Nissan is scaling back growth plans to stabilize its business. Executive Officer Teiji Hirata said, &#8220;We apologize for this situation arising over such a short period of time. This is the result of a careful review in light of the business environment.&#8221;
Nissan announced that it expects a record net loss of 700–750 billion Japanese Yen ($4.9 billion to $5.3 billion) for fiscal 2025, mainly due to over 500 billion Japanese Yen in asset write-downs and 60 billion Japanese Yen in restructuring costs. In response, it is cutting jobs, closing plants, and reducing output, while CEO Ivan Espinosa pointed to strong cash reserves of 1.5 trillion Yen to support recovery efforts.
In February, Honda Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMC#NYSE">HMC</a>) signaled it could resume $58 billion <a target="_blank" href="https://www.benzinga.com/markets/equities/25/02/43771894/honda-open-to-reviving-nissan-merger-talks-if-ceo-uchida-steps-down-creating-fourth-largest-glob" rel="noreferrer noopener">merger</a> talks with Nissan if CEO Makoto Uchida steps down, after prior talks collapsed over ownership terms.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/03/44522387/japanese-automakers-face-29-billion-tariff-hit-nissan-mazda-subaru-most-at-risk-says-analyst" target="_blank" rel="noreferrer noopener">Japanese Automakers Face $29 Billion Tariff Hit, Nissan, Mazda, Subaru Most At Risk, Says Analyst</a></li>
</ul>
Image by JRomero04 via Shutterstock

Asia

Emerging Markets

Tech

Media

NSANF

NSANY

Nissan Scraps $1.1 Billion EV Battery Plant, Eyes Cost Cuts To Survive: Report

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

Cryptocurrency

Markets

SRXH

SRx Health Solutions Purchases Solana Tokens For ~$1.5M As Part Of Previously Announced Asset Diversification Strategy

Barclays analyst Blayne Curtis maintains Allegro Microsystems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>) with a Overweight and raises the price target from $22 to $23.

Price Target

Analyst Ratings

ALGM

Barclays Maintains Overweight on Allegro Microsystems, Raises Price Target to $23

TASK

TaskUs, Inc. to be Taken Private By Co-Founders and Blackstone; Stockholders to Receive $16.50 Per Share in Cash

Barclays analyst Manav Patnaik maintains Vestis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSTS#NYSE">VSTS</a>) with a Underweight and lowers the price target from $10 to $5.

VSTS

Barclays Maintains Underweight on Vestis, Lowers Price Target to $5

Good Morning Traders! In today&#8217;s Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA.
Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market.
We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market&#8217;s pulse to optimize your trading gains. Now, let&#8217;s dive into the stock analysis:
SPDR S&amp;P 500 ETF Trust (SPY)
SPY is currently trading around the 565.38 level. For bulls to maintain control, we want to see strength carry the price toward 566.46. If that level is secured and momentum continues, buyers could aim to press the tape toward 567.81. Holding that area as a base during regular trading hours could open the door for a continuation higher toward 569.16. If bullish conviction persists, our upside objective for the day lands at 569.98.&nbsp;
If SPY loses footing at 565.38, it places pressure on the bulls and could invite sellers to press toward 564.29. Should that level break down with heavy offers, 563.23 becomes the next line of defense. If the sell-side accelerates further, a deeper move toward 561.90 is expected. If that level also gives way, the broader target for the bears on the day would be a flush toward 560.83.
Invesco QQQ Trust Series 1 (QQQ)
QQQ is rotating around the key level of 487.69. Bulls want to see acceptance above 490.05 to confirm upward direction. Should that occur, buyers could drive the auction to 491.82 and look to establish it as a springboard for further upside. If momentum builds from there, the tape may push toward 493.60 and stretch up to test 495.35. Our high-side target for the bulls today is 496.94.&nbsp;
If 487.69 doesn't hold and sellers step in, a retracement to 486.10 is likely. A breakdown through that level brings 483.95 into focus. Persistent selling could draw the auction down to 481.73, and if that level fails to attract demand, our bear target on the day stands at 479.03.
Apple Inc. (AAPL)
Apple is fluctuating near 197.69 to start the session. For the bulls to maintain control, price needs to stay supported above this area and begin pushing toward 198.22. If that level is reclaimed with force, we anticipate a move to 198.79. If buyers continue to show interest, Apple could climb into our higher-level target zone with 199.51 marking the top-side objective.&nbsp;
If 197.69 fails to attract buyers, we'll be watching for a slide down to 197.00. If momentum shifts decisively toward the sell-side, the next support zone lies at 196.61. Should pressure persist below that, we anticipate a drop toward 196.01, with 195.67 as the final line for bears to challenge on the day.
Microsoft Corp. (MSFT)
Microsoft is auctioning around the 438.72 mark. Bulls will want to keep price above this level and drive it toward 441.34. If buyers can establish 441.34 as a base, we may see a follow-through move up to 442.95. If bullish activity is sustained throughout the session, our top target on the day for MSFT stands at 444.95.&nbsp;
If MSFT slips below 438.72 and can't recover, we're watching for sellers to drag the price to 437.10. A continued breakdown could bring 435.79 into play, and if downward momentum persists, we're eyeing 434.49 as the next stop. The final downside target for the bears today sits at 432.49.
NVIDIA Corporation (NVDA)
NVIDIA is currently revolving near 117.86. For the bullish case to unfold, the market needs to push through 119.44 and convert it into solid support. If that happens, we anticipate buyers to drive the price higher toward 120.27. A continued push from there could open the gates for a rally to 121.97, with a stretch target on the day at 123.41.&nbsp;
If 117.86 can't provide a platform for buyers, the auction may retreat toward 116.61. Weakness below this level would expose 115.83, and should that level break on heavy selling, we expect price to move toward 115.15. A strong bearish session may ultimately lead to a retest of 114.29, which is our low-side target.
Alphabet Inc Class A (GOOGL)
Alphabet is hovering around 154.44. Bulls will want to reclaim 154.95 and treat it as a platform to push toward 155.59. If upward momentum picks up from there, the tape could reach our upside objective for the session at 156.61.&nbsp;
If 154.44 gives way and buyers do not show up, sellers could attempt to pull the price down to 153.93. If that level is breached, the next focus would be on 153.54. Sustained weakness may send the auction further south toward the low target for the day at 152.94.
Meta Platforms Inc (META)
Meta is trading near 604.50. Bulls want to maintain strength above 609.30 and convert it into firm support. If the buying continues, we could see the auction head up toward 615.65. Momentum beyond that could trigger a further rise to 622.01, with 629.88 acting as the day's high-side objective.&nbsp;
Should 604.50 break down under pressure, a move toward 598.17 is likely. If that area is lost as well, the next support zone is at 591.29. Continued downward pressure could ultimately send the price toward 585.73, which is our bearish target for Meta on the session.
Tesla Inc. (TSLA)
Tesla is orbiting around 288.80. Buyers need to take control early and push price toward 290.47 to establish bullish momentum. If they succeed, the next upside target comes in at 293.21. With strength building from there, Tesla could stretch toward 294.60, and if enthusiasm continues, we see 296.44 as the top-end goal.&nbsp;
If 288.80 can&#8217;t hold firm, expect sellers to challenge 286.34. A break below that support opens the door for a slide to 283.95. If no buyers step in there, we're watching for a move lower to 281.32, which completes the bear map for the session.
Final Word:&nbsp;
While today's calendar lacks any major economic reports, multiple Federal Reserve members will be giving public remarks throughout the day, which could spark market volatility. At 8:00 AM ET, we&#8217;ll hear from voting member Kugler, followed by Barkin at 8:30 AM, Goolsbee at 10:00 AM, and a joint appearance from Waller and Williams at 11:30 AM. With the absence of hard economic data, traders should focus on interpreting the tone and language from these Fed speakers. Any unexpected commentary could drive sharp intraday moves. Be nimble, stay informed, and manage your risk heading into the weekend. Happy Friday!
Start your day with a live daily market analysis, a carefully selected watch list, early access to the Morning Memo, and exclusive Market Clubhouse price levels, providing precise support and resistance indicators. When you become a member of Market Clubhouse, you will gain early access to the Morning Memo, just like this one, every single day—hours before it&#8217;s published. You will also have access to a live stream with zero latency and screen sharing, enabling you to witness Rips executing his trades in real-time and sharing his exclusive trading plans, strategies, and live decision-making.
For a limited time during our special promotion, you can join RIPS and get a full access pass to Market Clubhouse for 7 full days for just $7. Check it out at <a href="https://marketclubhouse.club/7Days/" title="https://marketclubhouse.club/7Days/">https://marketclubhouse.club/7Days/</a> where you can trade live with him and tap into his wealth of knowledge and experience. You can also catch Rips on his live day trading streams every Monday-Friday at 8 am EST on the Market Clubhouse YouTube channel: <a href="https://www.youtube.com/@MarketClubhouse" title="https://www.youtube.com/@MarketClubhouse">https://www.youtube.com/@MarketClubhouse</a>.

Equities

Broad U.S. Equity ETFs

Technicals

Opinion

Signals

Trading Ideas

How To Trade SPY And Top Tech Stocks Today Using Technical Analysis

HC Wainwright &amp; Co. analyst Andrew Fein maintains Amylyx Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMLX#NASDAQ">AMLX</a>) with a Buy and raises the price target from $12 to $16.

Amplify YieldShares Oil Hedged MLP Income ETF

AMLX

HC Wainwright & Co. Maintains Buy on Amylyx Pharmaceuticals, Raises Price Target to $16

Crypto markets are extending their rally for a second straight day, fueled by renewed optimism around global trade deals and <a href="https://www.benzinga.com/25/05/45308288/bitcoin-closing-in-on-104000-ethereum-dogecoin-rally-on-trade-deal-optimism-analytics-firm-highlights-the-double-edged-sword-amid-bullish-sentiment">bullish macro sentiment</a>. As price momentum accelerates, seasoned analysts warn against FOMO, advocating instead for disciplined, intentional strategies.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>$103,120.94</td>
<td>+3.6%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>$2,350.17</td>
<td>+20.4%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>$173.61</td>
<td>+12.8%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>$2.40</td>
<td>+9%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>$0.2087</td>
<td>+14%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>$0.00001525&nbsp;&nbsp;</td>
<td>+13.8%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul class="wp-block-list">
<li>IntoTheBlock data shows Bitcoin large transaction volume and daily active addresses increased by 3.8% and 1.2%, respectively, in a single day. Transactions greater than $100,000 increased from 10,628 to 14,818. Driven by recent optimism, 99% of BTC holders are in profit.</li>
<li>Coinglass data shows 249,335 traders were liquidated in the past 24 hours for $1.14 billion. Short liquidations as of May 8 peaked to $394 million, implying traders forced to close positions amid sudden spike in prices.</li>
<li>Santiment <a href="https://x.com/santimentfeed/status/1920677308924297638">data</a> shows a surge in Bitcoin wallet creation, with 344,620 new wallets added as BTC crossed $103,800, a high not seen since January. </li>
</ul>
Trader Notes: With crypto markets moving higher, More Crypto Online <a href="https://x.com/Morecryptoonl/status/1920732719010484237">urged</a> traders to stay sharp and not chase the rally, stressing not to be afraid of missing out, but trading with intention.
Kevin <a href="https://www.youtube.com/live/pvmzAtpB-kw">reminded</a> followers that Bitcoin&#8217;s three-month-old &#8220;reversal zone&#8221; prediction has played out as it breaks through critical resistance levels, potentially setting the stage for new all-time highs. 
The analyst&#8217;s framework identifies that major Bitcoin correctional phases typically last between 114 and 174 days after the three-day MACD crosses bearish. He expects BTC weekly candle to close above $100,712.
Michael van de Poppe foresees Bitcoin consolidating between current levels and $107,000 before a potential new ATH this quarter.
<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">What a move on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>. I assume we&#39;ll pause for a bit between here and $107,000 before we&#39;ll break to a new ATH in this quarter. <a href="https://t.co/IhRueTnyJf">pic.twitter.com/IhRueTnyJf</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1920745537713684570?ref_src=twsrc%5Etfw">May 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
CryptoQuant <a href="https://x.com/cryptoquant_com/status/1920786305484570731">reported</a> Bitcoin's bull score jumping from 20 to 80, indicating a sharp shift in sentiment and strong spot demand. Any score above 60 implies bullish conditions and supports higher prices.
Crypto Zeinab <a href="https://x.com/CryptoZeinab/status/1920520532220653688">noted</a> a bullish inverse head and shoulders on Solana&#8217;s high-time frame. A break above the $160 neckline could trigger moves toward $180–$200. For Dogecoin, Trader Tardigrade observed RSI crossing above 50, suggesting a bullish trend is forming.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> RSI has risen above 50, indicating an incoming bullish trend &#x1f525;<a href="https://twitter.com/search?q=%24Doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Doge</a> <a href="https://t.co/aJjxKPu40s">pic.twitter.com/aJjxKPu40s</a>
&mdash; Trader Tardigrade (@TATrader_Alan) <a href="https://twitter.com/TATrader_Alan/status/1920776508626661419?ref_src=twsrc%5Etfw">May 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
CrediBULL Crypto <a href="https://x.com/CredibleCrypto/status/1920765910878486580">revealed</a> a long position on XRP with tight stop-loss for a high-risk/reward setup, riding on broader market momentum.
More Crypto Online <a href="https://x.com/Morecryptoonl/status/1920782753982824627">identified</a> a C-wave upward structure in play for Ethereum, now in wave (4), with crucial support between $2,111–$2,304. If that level holds, a move to $2,594–$2,775 is likely.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45284152/coin-vs-mara-which-crypto-stock-chart-has-the-bullish-edge-before-q1-earnings-drop">COIN Vs. MARA: Which Crypto Stock Chart Has The Bullish Edge Before Q1 Earnings Drop?</a></li>
</ul>

$BTC

$DOGE

$ETH

$SHIB

$SOL

$XRP

Bitcoin, Ethereum, XRP, Dogecoin Continue Surging As Altcoin Market Buzzes

The United States has reportedly been pushing certain countries facing Trump-imposed tariffs to approve Elon Musk's Starlink service.
What Happened: State Department cables reveal that U.S. embassies and the department actively urged countries facing tariffs to remove barriers for satellite companies, frequently citing Starlink specifically, <a href="https://www.washingtonpost.com/business/2025/05/07/elon-musk-starlink-trump-tariffs/">reported</a> The Washington Post. Although there&#8217;s no direct evidence that the Trump administration linked tariff relief to Starlink approvals, the  Secretary of State, Marco Rubio, has actively advocated for regulatory clearance of Musk's satellite company.
The White House and SpaceX did not immediately respond to <a href="http://pro.benzinga.com">Benzinga</a>&#8216;s request for comment.
For instance, Starlink has been awarded the first-ever satellite internet service license in Lesotho, an African nation, following Trump&#8217;s call for trade deal negotiations, stated the publication. &nbsp;
Starlink has also signed distribution agreements in India and obtained partial approvals in several other countries, including Somalia, the Democratic Republic of Congo, Bangladesh, Pakistan and Vietnam. In India, officials have fast-tracked Starlink approvals in hopes that it will support progress on trade agreements with the U.S.
"It's not likely to be an explicit element of the trade negotiations with the U.S., but the Indian side sees this as an important lubricant that facilitates a deal,"&nbsp;a source told The Washington Post.
The State Department commented on Starlink&#8217;s success, stating it has been &#8220;game-changing in helping remote areas&nbsp;around the world gain internet&nbsp;connectivity.&#8221;
Interestingly, the cables revealed that even the Biden administration urged embassies to adopt Starlink and other satellite internet services.
SEE ALSO:&nbsp;<a href="https://benzinga.com/markets/cryptocurrency/25/05/45297382/popcat-surges-17-in-a-day-trader-predicts-explosive-move-to-1-outpacing-dogecoin-shiba-inu" target="_blank" rel="noreferrer noopener">Popcat Surges 17% In A Day — Trader Predicts Explosive Move To $1, Outpacing Dogecoin, Shiba Inu &#8211; Benzinga</a>
Why It Matters: Starlink&#8217;s expansion into new markets has been marked by strategic moves and regulatory challenges. In March, Starlink gained approval for a <a href="https://www.benzinga.com/markets/25/03/44487526/elon-musks-starlink-gains-green-light-in-vietnam-to-begin-satellite-internet-service-trial">trial launch</a> of its satellite internet service in Vietnam, a move perceived as a strategic measure by Vietnam to avoid potential U.S. tariffs.
Some experts say this move aligns with the U.S. strategy, as Starlink strengthens its position and stays ahead in the global telecom race against China. Evan Swarztrauber, a senior fellow at the Foundation for American Innovation, stated, &#8220;..The U.S. has a lead in space, and we should double down on getting other countries to grant regulatory approvals for our companies. Otherwise, it will be Chinese companies that benefit from market access."
Meanwhile, Starlink's global growth could yield billions, with even a 1% share of India's broadband market alone potentially bringing in $1 billion annually, according to Kimberly Siversen Burke from Quilty Space.
<ul class="wp-block-list">
<li>READ MORE:&nbsp;<a href="https://benzinga.com/news/25/04/45029504/elon-musks-ex-wives-missed-out-on-his-billion-dollar-wealth-heres-why" target="_blank" rel="noreferrer noopener">Elon Musk's Ex-Wives Missed Out on His Billion-Dollar Wealth — Here's Why &#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.

General

US Reportedly Pressures Tariff-Hit Nations To Approve Elon Musk's Starlink: '...An Important Lubricant That Facilitates A Deal'

Conduit secures a composition of matter patent from the Korean Intellectual Property Office for its lead asset, AZD1656, a Glucokinase Activator targeting autoimmune disorders, positioning the Company for clinical development and strategic partnerships.

Biotech

Korean Intellectual Property Office Granted Conduit Pharmaceuticals  Composition Of Matter Patent For AZD1656

Stephens &amp; Co. analyst Jim Salera reiterates Papa John's International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PZZA#NASDAQ">PZZA</a>) with a Overweight and maintains $50 price target.

Reiteration

PZZA

Stephens & Co. Reiterates Overweight on Papa John's International, Maintains $50 Price Target

Microchip Technology Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) shares are trading higher premarket on Friday after the company reported fourth-quarter&nbsp;results <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45300085/microchip-technology-announces-financial-results-for-fourth-quarter-and-fiscal-year-2025" rel="noreferrer noopener">after Thursday&#8217;s closing bell</a>.
Revenue fell 26.8% year over year (Y/Y)&nbsp;to $970.5 million, beating the analyst consensus estimate of&nbsp;$962.8 million.
In the quarter, the company achieved a book-to-bill ratio greater than one for the first time in almost three years.
Furthermore, the company stated that bookings in April surpassed the levels of any single month within that March quarter.
Adjusted EPS of&nbsp;11 cents was in line with the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">analyst consensus estimate</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com//node/45235394" rel="noreferrer noopener">Nvidia, Broadcom Lead Fund Manager Buys Even As Semiconductor Sector Cools: Analysts</a>
Dividend: The company declared a quarterly cash dividend of 45.5 cents per share, payable on June&nbsp;5, 2025, to stockholders <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/g45300086/microchip-technology-announces-quarterly-cash-dividend-on-common-stock-of-45-5-cents-per-share" rel="noreferrer noopener">of record as of May&nbsp;22, 2025</a>.&nbsp;
The company returned $1.066 billion to shareholders in the year through dividends and share repurchases.
Steve Sanghi, Microchip&#8217;s CEO and president said, &#8220;The decisive actions we have taken under our nine-point-plan are enhancing our operational capabilities through more efficient manufacturing, improving inventory management, and a renewed strategic focus.&#8221;
&#8220;A key highlight this quarter has been our inventory reduction strategy, with overall inventory dollars down $62.8 million, distribution inventory days reduced by 4 days to 33 days, and inventory days on our balance sheet decreased by 15 days from levels at December 31, 2024. We expect even more substantial inventory reduction in the June quarter as our manufacturing optimization actions are near completion.&#8221;
Eric Bjornholt, Microchip&#8217;s Chief Financial Officer, added, &#8220;During the quarter, we executed multiple financial actions that strengthened our balance sheet. These included reducing our total net debt by roughly $1.30 billion with a mandatory convertible preferred offering. We also amended and extended our revolving line of credit with more favorable terms and financial flexibility.&#8221;
Outlook:&nbsp;Microchip sees&nbsp;first-quarter adjusted EPS of&nbsp;18 to 26&nbsp;cents vs.&nbsp;consensus of 16&nbsp;cents and sales of&nbsp;$1.020 billion to $1.070 billion&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">vs.&nbsp;street view of $987.62 million</a>.
Investors can gain exposure to the stock via Tidal Trust II YieldMax Semiconductor Portfolio Option Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHPY#NYSE">CHPY</a>) and First Trust S&amp;P 500 Diversified Dividend Aristocrats ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNGZ#NASDAQ">KNGZ</a>).
Price Action: MCHP shares are up 8.00% to $53.07 premarket at the last check on Friday.
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45294428/wall-street-rallies-after-us-seals-first-trade-deal-you-better-go-out-and-buy-stock-trump-says" target="_blank" rel="noreferrer noopener">Wall Street Rallies After US Seals First Trade Deal: &#8216;You Better Go Out And Buy Stock,&#8217; Trump Says</a></li>
</ul>
Image via Shutterstock

Large Cap

Guidance

Dividends

Movers

CHPY

KNGZ

MCHP

Microchip Technology Stock Gains On Uplifting Forecast

Barclays analyst Benjamin Budish maintains P10 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PX#NYSE">PX</a>) with a Overweight and raises the price target from $13 to $14.

Barclays Maintains Overweight on P10, Raises Price Target to $14

Trading Halt: Halted at 8:29:01 a.m. ET - Trading Halt: Halt News Pending

Believes the Board Should Immediately Resume and Accelerate Buybacks
Asserts Board Should Remove Moshe&nbsp;Mizrahy as CEO of the Company
MIAMI, May 9, 2025 /PRNewswire/ --&nbsp;DOMA Perpetual Capital Management LLC, a significant stockholder of InMode Ltd. (NYSE: INMD) ("InMode"), today sent a letter to the Board of Directors of InMode (the "Board") urging the Board to continue its stock repurchase program and to replace its CEO.&nbsp;
The full text of the letter follows:
May 9th, 2025
To the Board Members of&nbsp;InMode:
For over a year, we have communicated publicly and privately with the Board of Directors of InMode (the "Board") about our concerns regarding the Company's capital allocation strategy and depressed valuation, with particular attention to the negative public statements and actions of CEO Moshe Mizrahy. During this period, InMode's stock price has continued to decline and Mr. Mizrahy's underperformance is clearly reflected in the Company's financials. Furthermore, we believe his reckless and antagonistic management style as CEO has gone unchecked.
Following Mr.&nbsp;Mizrahy's most recent comments, we are compelled to underscore the danger of allowing him to make financially uninformed public statements regarding capital allocation. In discussing recent buybacks, he said: "Now, actually from an investment point of view of the company, we actually invested $500 million, but it did not help the stock price. The stock price is around $15 today. So basically, it was not the best -- the best investment from the corporation point of view, and I'm sure it was not the best investment from the shareholders' point of view."i&nbsp;
These remarks are both incorrect and damaging. The purpose and value of these&nbsp;buybacks is not in moving the short-term stock price, it is in creating long-term value for shareholders. We believe InMode's depressed stock price is a direct result of Mr. Mizrahy's dismal leadership and poor performance as CEO, which is further reflected in the financials of the Company.ii
Mr.&nbsp;Mizrahy's incorrect and misleading public commentary on how buybacks are meant to work, alongside his continued lack of financial results, are driving down the price of the Company's stock.iii We will not speculate on Mr. Mizrahy motivations, but InMode's shareholders are suffering because of his words and actions as CEO. The Board, in its legal and fiduciary duty to represent all investors, must take action on their behalf.
In our view, the Board should immediately resume the Share Repurchase Program and "substantial additional capital return" announced in Februaryiv, and the Board should remove Moshe Mizrahy from his position as the CEO of the Company.
Whether or not Mr.&nbsp;Mizrahy understands how buybacks are meant to work, we expect the members of this Board to possess the financial literacy to know the value they can add to shareholders. The Board must work to immediately remedy the situation, restating the Company's commitment to returning the cash on the balance sheet to its owners: the shareholders.
InMode's buybacks should be resumed immediately; the Company's stock price remains a bargain due to continued mismanagement and Mr. Mizrahy's harmful public remarks. Cash sitting on the balance sheet produces no earnings and no shareholder return. Management's prior attempts at M&amp;A have all failed. The value that is created from executing buybacks now will come to fruition when a new CEO steps in to manage the business and earnings acceleration resumes. The lower the Company's stock price and valuation, the more aggressive the Board should be returning the cash to shareholders in the form of buybacks. As the Company buys back its own stock, it is impossible to pick the bottom – what matters is to continue the buybacks as long as the price remains attractive. The Company currently holds approximately 60% of its market cap in cash, maintains no debt and has plenty of free cash flow.v The money sitting on the balance sheet belongs to your shareholders and the most accretive way to return that money, until the valuation improves considerably, is through continued buybacks.
Mr.&nbsp;Mizrahy has lowered guidance almost every quarter since Q3 2023vi. He chose to fire the US Head of Sales –InMode's largest market – right before the Company's most important quarter.vii&nbsp;It should be no surprise that the US business is underperforming. In a recent letter to DOMA, Mr. Mizrahy refused to consider moving a portion of production outside of Israel, a move that would decrease potential risks as well as help to trim costs and grow margins, and claimed that he doubted the facilities in the Dominican Republic or Costa Rica are FDA-approved.viii A simple online search would have clarified the sizable number of medical tech companies, many of which are significantly larger than InMode, with production facilities in these countries.ix Shareholders deserve better than Mr. Mizrahy's antagonistic and uniformed approach to management. We maintain that the Board should remove Mr. Mizrahy from his position and replace him with someone better equipped to lead InMode.&nbsp;
In our opinion, the Company must take action to protect the brand, including Morpheus8. It is a mistake to not increase prices, which the market should bear. Lowering margins hurts shareholders.
As of May 7th,&nbsp;InMode's market capitalization – discounting the approximately $500 million dollars in cash – is barely $375 million.x This confers a value of only $375 million for&nbsp;InMode's inventory, worldwide distribution, global installed base in the tens of thousands, unique IP, unparalleled research team, brands like Morpheus8, its recurring disposable business and extended guarantee business, plus more than $100 million of free cash flow.xi It is our conviction that InMode's current valuation is divorced from the reality of its excellent business, which maintains gross margins of nearly 80% even under this underperforming CEO.
The Board's legal and fiduciary duties to its shareholders require it to act in the face of a depressed valuation and persistent underperformance. We believe the business and its shareholders will be best served by removing Mr. Mizrahy from his position and reinstating and accelerating the share buyback program.
Sincerely,
Pedro&nbsp;Escudero CEO &amp; CIO DOMA Perpetual Capital Management LLC

INMD

DOMA Perpetual Capital Management Urges InMode Board to Resume Stock Buyback, Replace CEO

Seaport Global analyst Jay Goldberg initiates coverage on Qualcomm (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) with a Neutral rating.

Initiation

QCOM

Seaport Global Initiates Coverage On Qualcomm with Neutral Rating

Barclays analyst Eddie Kim maintains Innovex International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVX#NYSE">INVX</a>) with a Underweight and lowers the price target from $16 to $13.

Date	Put/Call	Strike Price	Exp Date	DTE	Trade Vol	Day Vol	Vol / OI	OI	Trade Type	Sentiment
03:58 PMFeb 20, 2025	CALL	$40.00	Feb 21, 2025	-78	6970	1000	102	6801	SWEEP	NEUTRAL
03:47 PMFeb 18, 2025	CALL	$48.00	May 16, 2025	6	930	702	113	823	SWEEP	BULLISH
12:48 PMFeb 18, 2025	CALL	$37.00	May 16, 2025	6	13719	13600	98	13930	TRADE	BULLISH
02:12 PMFeb 14, 2025	CALL	$55.00	Feb 21, 2025	-78	5002	3680	125	3999	SWEEP	BEARISH
02:12 PMFeb 14, 2025	CALL	$45.00	Feb 21, 2025	-78	6757	1839	214	3161	SWEEP	BULLISH
11:41 AMFeb 14, 2025	CALL	$35.00	Mar 21, 2025	-50	659	500	25	2687	TRADE	BULLISH
12:51 PMFeb 13, 2025	CALL	$45.00	Jan 16, 2026	251	2626	2500	57	4623	TRADE	NEUTRAL

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