Streaming leader Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reported fourth-quarter financial results after <a href="https://www.benzinga.com/earnings">market close Tuesday.</a>



Here are the key highlights.



What Happened: Netflix reported fourth-quarter revenue of $10.25 billion, up 16% year-over-year. The revenue total beat a Street consensus estimate of $10.11 billion according to data<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012125&amp;t=be2bearmibe3na1"> from Benzinga Pro.</a>



The company reported earnings per share of $4.27 for the quarter, beating a Street consensus estimate of $4.19.



Netflix reported it added 18.91 million paid subscribers in the fiscal quarter, up 15.9% year-over-year. The company ended the quarter with 301.63 million paid subscribers.



Average revenue per member was a up 1% year-over-year in the quarter.



"Our Q4 slate outperformed even our highest expectations," the company said.



Highlights cited by the company included a second season of "Squid Game," "Carry-On," the Jake Paul vs. Mike Tyson boxing match and the NFL Christmas Day games.



Operating income topped $10 billion for the first time in company history for the full fiscal year.



The company said it enters 2025 with strong momentum, coming off a year with record net additions (41M) and having re-accelerated growth (16% increase in revenue).



Read Also: <a href="https://www.benzinga.com/general/sports/25/01/42882919/netflix-q4-to-show-advertising-live-sports-strength-analyst-says-multiyear-narrative-of-compounded-growth">Netflix Q4 To Show Advertising, Live Sports Strength, Analyst Says: &#8216;Multiyear Narrative Of Compounded Growth&#8217;</a>



What's Next: Netflix is guiding for first-quarter revenue to be $10.42 billion, which would be up 11.2% year-over-year. The company is guiding for operating income of $2.94 billion in the first quarter and earnings per share of $5.58.



Full-year guidance for revenue in 2025 is now listed as a range of $43.5 billion to $44.5 billion, up $0.5 billion from the company's previous range. This guidance represents year-over-year revenue growth of 12% to 14%.



Netflix will no longer break out membership growth going forward in fiscal 2025. The company said its guidance reflects "continued healthy member growth."



The company said its priorities for 2025 include improving the core business with more series and films, developing new initiatives like live programming and games and sustaining healthy growth.



"We maintain a leadership position in engagement, revenue and profit. We're focused on improving all aspects of our service and, combined with the return in 2025 of our biggest shows (Squid Game, Wednesday and Stranger Things), we're optimistic heading into the new year," the company said.



Hitting on future growth, Netflix said there are an estimated 750 million+ broadband households excluding China and Russia. The company said it has captured around 6% of the $650 billion revenue opportunity in its four key geographical markets.



"Similarly, we believe we account for less than 10% of TV viewing in every country in which we operate, all of which suggests a long runway for growth as streaming continues to expand around the world."



NFLX Price Action: Netflix stock is up 11% to $962.49 in after-hours trading Tuesday versus a previous 52-week trading range of $479.90 to $941.75. The company's earnings report has helped set a new 52-week high Tuesday. &nbsp;



Read Next: 



<ul>
<li><a href="http://YouTube Vs. Netflix: Streamers Top Usage Leaderboard In December, Sector Makes More Gains On Broadcast And Cable">YouTube Vs. Netflix: Streamers Top Usage Leaderboard In December, Sector Makes More Gains On Broadcast And Cable</a></li>
</ul>



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534; WATCH LIVE: Netflix Q4 2024 Earnings Call &#x7C; $NFLX" width="500" height="281" src="https://www.youtube.com/embed/WTo_TXHWTrw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



Photo: Shutterstock

Earnings

News

Movers

Trading Ideas

NFLX

Netflix Q4 Earnings: Record Subscribers, NFL, 'Squid Game' Push Past 'Highest Expectations'

Trump's first day in office brought a wave of executive orders targeting immigration, energy, social policies, and announcing the withdrawal from global agreements like the Paris Climate Accord and <a href="https://www.benzinga.com/topic/donald-trump">the World Health Organization. </a>



Trump also pledged to raise tariffs up to 25% on both Canada and Mexico starting Feb. 1, but fell short of announcing universal tariffs on all imports.



Following Monday&#8217;s market closure for Martin Luther King Jr. Day, investors began assessing how Trump's new policy measures could impact sectors across the board. 



Gold miners and defense stocks outperformed, while solar energy companies were among the hardest hit.



<h3 class="wp-block-heading">Wall Street&#8217;s Winners And Losers After Trump&#8217;s Day 1</h3>



Gold miners were among the standout performers, amid rising trade fears between the U.S. and Canada. 



The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) climbed 2.6% by 1:30 p.m. ET Tuesday. Leading gains were Harmony Gold Mining Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>), up 4.3% and Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>), up 3.1%.



&#8220;While President Trump's Inauguration Day policy announcements on tariffs were more benign than expected, we continue to expect the White House to increase tariff rates on autos and imports from China, and we see other tariff proposals as a risk,&#8221; Goldman Sach&#8217;s analyst Elsie Peng wrote in a note Tuesday.



Defense stocks also surged as Trump's policies emphasized national security and border protection declaring a &#8220;national emergency&#8221; at the southern border with Mexico. The iShares U.S. Aerospace &amp; Defense ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITA#NYSE">ITA</a>) rose 3.3%.



Other notable movers included the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), up 2%, and the SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>), which rose 1.6% as investors bet on increased demand for industrial materials.



Oil and gas exploration companies saw declines despite <a href="https://www.benzinga.com/government/regulations/25/01/43097430/trumps-drill-baby-drill-era-begins-oil-prices-tumble-us-energy-stocks-edge-up">Trump's "Drill, Baby, Drill"</a> push to unleash U.S. energy resources. The SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) dropped 1.1%, signaling concerns about potential oversupply.



Clean energy and solar stocks, however, suffered from Trump's decision to halt offshore wind leasing and withdraw the U.S. from the Paris Climate Accord. 



The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) fell 3.1%, with losses from Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>), down 6.7%, and First Solar Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>), which dropped 5.4%. The Invesco WilderHill Clean Energy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBW#NYSE">PBW</a>) slipped 1%.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/01/43103527/mexican-peso-canadian-dollar-slide-as-trump-threatens-25-tariffs-expert-eyes-price-hikes-on-typical-us-breakfast">Mexican Peso, Canadian Dollar Slide As Trump Threatens 25% Tariffs, Economist Eyes Price Hikes On &#8216;Typical US Breakfast&#8217;</a></li>
</ul>



Photo: Shutterstock

Government

Large Cap

Mid Cap

Regulations

Sector ETFs

Econ #s

ETFs

FSLR

JETS

Trump's First Day Sends Gold Miners, Defense Stocks Soaring, Solar Sliding

Shares of NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and other AI stocks such as Dell Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) and Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) are trading higher Tuesday buoyed by reports of a major private sector investment in artificial intelligence infrastructure from President Trump.



What To Know: <a href="https://www.cbsnews.com/news/trump-announces-private-sector-ai-infrastructure-investment/">According to CBS News</a>, the joint venture, called Stargate, involves OpenAI, SoftBank and Oracle. The collaboration is set to commit an initial $100 billion to U.S.-based AI infrastructure projects, with a total investment of up to $500 billion over the next four years.



Stargate's first project will reportedly focus on building a large-scale data center in Texas, with plans to expand to other states as the venture progresses. The investment potentially underscores a growing commitment to establishing the United States as a leader in AI technology and infrastructure, attracting additional interest from other potential investors.



NVIDIA's stock rose on the news, as the company's hardware and GPUs are critical to AI applications and data center operations. The prospect of a significant expansion in AI infrastructure may further position NVIDIA to capitalize on increased demand for its products.



This announcement also drove gains in other tech and AI-related stocks, reflecting optimism about the private sector's role in advancing artificial intelligence capabilities. Industry leaders Masayoshi Son of SoftBank, Sam Altman of OpenAI and Larry Ellison of Oracle are expected to provide more details about the initiative during a meeting at the White House later today.



Price Action: Nvidia shares were up 2.42% at $141.09, Dell shares were up 1.37% at $111.11, Oracle shares were up 5.87% at $170.53 and Arm shares were up 4.03% at $155.24 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga pro.</a>



Read next:



<ul>
<li><a href="https://www.benzinga.com/markets/futures/25/01/43093520/us-stocks-set-to-open-on-a-positive-note-as-trumps-second-white-house-term-kicks-off-tesla-apple-netflix-among-stocks-in-focus">US Stocks Set To Open On A Positive Note As Trump&#8217;s Second White House Term Kicks Off: Tesla, Apple, Netflix Among Stocks In Focus</a></li>
</ul>



 Image via Shutterstock.

DELL

NVDA

ORCL

Nvidia, AI Stocks Rise As Trump Announces $500 Billion Stargate AI Infrastructure Venture

Power grids across the South face an extraordinary challenge Tuesday as snow blankets regions typically prepared for summer heat waves, <a href="https://www.benzinga.com/general/travel/25/01/43036258/polar-vortex-brings-winters-coldest-air-for-trumps-inauguration-day-what-it-means-for-utilities-retailers-energy-stocks">not winter whiteouts.</a>



What Happened A fierce winter system has upended daily life from Texas through the Carolinas, forcing Gulf Coast weather forecasters to issue their region&#8217;s first-ever snowstorm alert, CNN <a href="url-would-go-here">reports</a>.



The system&#8217;s power shocked the region Tuesday. Streets from Houston, Texas, through Louisiana, disappeared under white blankets, reaching six inches deep in some areas. Thermometers plunged into territory more familiar to northern states, driving wind chills into single digits across Texas.



Emergency declarations spread across Louisiana, Georgia, Alabama, Florida and Mississippi as the storm intensified. The Gulf Coast, better known for hurricane preparation, now faces winter conditions that threaten to paralyze communities for days, CNN reports.



The storm&#8217;s intensity caught many areas off guard. Snow accumulation and icy conditions transformed southern highways into hazard zones. Weather experts warn the cold snap could shatter records dating back more than a century.



Also Read: <a href="https://www.benzinga.com/25/01/43103527/mexican-peso-canadian-dollar-slide-as-trump-threatens-25-tariffs-expert-eyes-price-hikes-on-typical-us-breakfast">Mexican Peso, Canadian Dollar Slide As Trump Threatens 25% Tariffs, Economist Eyes Price Hikes On &#8216;Typical US Breakfast&#8217;</a>



Why It Matters: Local power providers mobilize resources to protect vital infrastructure. The scale of the response reflects the region&#8217;s unusual winter challenge.



Officials closed roads across five southern states, emptying highways and forcing residents indoors. &#8220;Most of us haven&#8217;t experienced this combination of bitter cold and significant snow ever in our lifetime,&#8221; Louisiana climatologist Jay Grymes told CNN



The storm&#8217;s reach shut down major transportation arteries. Both Houston airports suspended flights, while New Orleans saw nearly all air traffic halt by morning. Port operations froze, and even space exploration paused as NASA&#8217;s Texas operations suspended work through Wednesday.



School systems from Texas to Florida shifted to remote learning or closed entirely. Atlanta officials warned of road conditions deteriorating rapidly as the system pushes east.



Several major utilities are positioning themselves as the winter storm impacts their service territories:



<ul>
<li>CenterPoint Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNP#NYSE">CNP</a>), a major utility provider headquartered in Houston, Texas, focuses on electric transmission and distribution in the state and natural gas distribution across several U.S. regions.</li>



<li>Southern Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SO#NYSE">SO</a>), a prominent southeastern energy provider, specializes in electric power generation, transmission, and distribution, with operations in multiple states.</li>



<li>Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>) serves customers in Louisiana, Arkansas, Mississippi and Texas, providing electric power generation, transmission, and distribution services.</li>



<li>Duke Energy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) operates across the Carolinas, Florida, and parts of the Midwest, delivering electric power generation, transmission, and distribution services.</li>



<li>NextEra Energy Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) primarily serves Florida through its subsidiary Florida Power &amp; Light and is a leading investor in renewable energy, focusing on wind and solar power.</li>
</ul>



Natural gas futures were down over 5% at the time of publication Tuesday.



The rare winter assault comes as utility stocks show renewed strength, with the sector seeing increased investor interest amid growing power demands from data centers <a href="https://www.benzinga.com/etfs/sector-etfs/25/01/42974006/utilities-rebound-as-ai-powers-energy-demand-3-etfs-to-watch">and AI operations.</a>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43101541/exclusive-powell-co-will-wait-wisdomtree-expert-says-on-why-investors-need-smarter-bond-strategy">EXCLUSIVE: &#8216;Powell &amp; Co. Will Wait&#8217; — WisdomTree Expert On Why Investors Need Smarter Bond Strategy</a></li>
</ul>



Photo: K-FK/Shutterstock.com

Southern Power Grids Face Historic Winter Test As Snow Blankets Gulf Coast: 5 Utilities To Watch

President Donald Trump on Monday revoked former President Joe Biden&#8217;s comprehensive executive order on artificial intelligence as part of his <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43096311/exclusive-trump-does-not-establish-bitcoin-reserve-crypto-friendly-policies-on-day-1-and-now">first actions in office.&nbsp;</a>



The Details: Biden's AI executive order mandated that developers of AI systems posing threats to national security or public safety report the results of safety tests to the U.S. government and tasked the National Institute of Standards and Technology to develop standards for safety testing.&nbsp;



Trump revoked the AI order as part of a <a href="https://www.whitehouse.gov/presidential-actions/2025/01/initial-rescissions-of-harmful-executive-orders-and-actions/">broader action</a> that reversed 78 Biden-era executive actions. The move was widely anticipated after the president announced his intention to de-regulate industry on the campaign trail. 



Several prominent tech executives, including Elon Musk and Jeff Bezos, contributed to Trump's campaign and attended Monday's inauguration leading some to speculate on their potential influence on the president. 



Read Next: <a href="https://www.benzinga.com/general/health-care/25/01/43041254/unitedhealth-ceo-highlights-hospitals-doctors-pharmas-role-in-soaring-health-care-costs">UnitedHealth CEO Highlights Hospitals, Doctors, Pharma&#8217;s Role In Soaring Health Care Costs</a>&nbsp;



Why It Matters: Reaction to Trump's reversal of Biden's AI policies has been mixed. Some experts have expressed concern that it could leave Americans exposed to potential risks from AI as giant tech companies would operate without regulatory oversight. Others view the repeal as a positive step toward economic progress and innovation in the industry.&nbsp;



The repeal of Biden's AI framework may have set up a showdown with the European Union's AI act passed in 2023 which mandates transparency and bans certain uses of artificial intelligence.&nbsp;



AI chipmakers Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) could see a boost as the loosened restrictions could encourage AI hyper-scalers to increase investments in the technology. 



These hyper-scalers, such as Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Alphabet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>), could potentially accelerate the development and deployment of AI technologies across their platforms and services as the government takes a more "hands-off" approach to regulation. 



Both Mark Zuckerberg, CEO of Meta Platforms, and Sundar Pichai, CEO of Alphabet, were present at Trump&#8217;s inauguration, suggesting potential alignment with the new administration&#8217;s approach to AI regulation.&nbsp;



Though the long-term effects of Trump's policies remain to be seen, the market is reacting positively one day after his inauguration. All three major indices are up Tuesday with the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), tracking the S&amp;P 500, up 0.51% at $600.65 and the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), tracking the Nasdaq 100 index, up 0.14% at $522.49 at the time of publication Tuesday. 



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/initiation/25/01/43102452/roku-analyst-sees-25-upside-as-tv-ad-dollars-go-digital">Roku Analyst Sees 25% Upside As TV Ad Dollars Go Digital&nbsp;</a></li>
</ul>



Image: Shutterstock

Politics

Tech

GOOG

GOOGL

Trump Reverses Biden's AI Policies On Day 1: What It Means For Tech Giants Nvidia, AMD, Alphabet

Wall Street saw a strong preference for small and mid-cap equities, with the Russell 2000 index leading the market as investors bet on more domestic-friendly policies following Donald Trump's inauguration on Jan. 20 as <a href="https://www.benzinga.com/topic/donald-trump">the 47th U.S. president.</a>



The Russell 2000 rallied 1.7%, while other large-cap indices trailed behind. The Dow Jones, composed of non-tech blue-chip companies, rose by 1.2%, while both the S&amp;P 500 and the Nasdaq 100 edged up 0.9%.



Most sectors traded higher, except for energy. The announcement of a national energy emergency raised concerns about a fossil fuel oversupply, sending oil prices down more than 2%. WTI crude dropped to $72.10 per barrel.



In the Treasury market, yields fell as investors appeared convinced by Trump's pledges on inflation control and lower federal spending. The 10-year Treasury yield declined by five basis points to 4.58%.



One of the session's most notable moves came from Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which plunged 4.3%, marking its worst trading day since early August 2024. The decline followed a downgrade by Jefferies, citing challenges in iPhone sales in China.



In commodities, gold climbed 1.2% to a two-month high, aiming for its ninth gain in the past eleven sessions, supported by lower Treasury yields. In the crypto space, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rebounded 3% to $106,000 after briefly touching $100,000 overnight amid the absence of crypto-related remarks from Trump on his first day in office.



<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Major Indices</td><td>Price</td><td>%</td></tr><tr><td>Russell 2000</td><td>2,314.89</td><td>1.7%</td></tr><tr><td>Dow Jones</td><td>43,995.44</td><td>1.2%</td></tr><tr><td>S&amp;P 500</td><td>6,053.00</td><td>0.9%</td></tr><tr><td>Nasdaq 100</td><td>21,630.38</td><td>0.9%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 1:20 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012125&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.9% to $602.64.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.1% to $439.55.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) edged 0.8% higher to $525.61.</li>



<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.8% to $229.50.</li>



<li>The&nbsp;Industrials Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>) outperformed, up 2%; the&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) lagged, down 0.3%.</li>
</ul>



<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>



<ul>
<li>Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) rallied 4.7%, eyeing the strongest session in over two months, after reporting stronger-than-expected quarterly results. </li>



<li>Other stocks reacting to earnings included Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>), up 6.4%; 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), up 5.5%; DR Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), down 0.4%; KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>), down nearly 5% and Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>), up 0.4%.</li>



<li>General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) soared by nearly 6% after Deutsche Bank upgraded the stock from Hold to Buy, and raised the price target from $56 to $60.</li>



<li>Companies slated to report earnings after the close include Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Interactive Brokers Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>) and United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>)</li>
</ul>



Read Now:



<ul>
<li><a href="https://www.benzinga.com/25/01/43103527/mexican-peso-canadian-dollar-slide-as-trump-threatens-25-tariffs-expert-eyes-price-hikes-on-typical-us-breakfast">Mexican Peso, Canadian Dollar Slide As Trump Threatens 25% Tariffs, Economist Eyes Price Hikes On &#8216;Typical US Breakfast&#8217;</a></li>
</ul>



Photo: Shutterstock

Cryptocurrency

Equities

Commodities

Treasuries

Global

Markets

$BTC

AAPL

FITB

IBKR

SCHW

Small Caps Soar, Apple Slips, Treasury Yields Fall On Trump Day 2: What's Driving Markets Tuesday?

The Mexican peso and Canadian dollar weakened on Tuesday after President Donald Trump pledged to impose 25% tariffs on imports from Canada <a href="https://www.benzinga.com/topic/donald-trump">and Mexico starting Feb. 1.</a>



The move, tied to concerns over illegal immigration and drug trafficking, has sparked fears of economic disruption and rising costs for everyday goods.



"We are thinking in terms of 25% on Mexico and Canada," Trump said later on Monday, citing issues with &#8220;vast numbers of people&#8221; and "fentanyl" entering the U.S.



See Also: <a href="https://www.benzinga.com/general/social-media/25/01/43088960/trump-suspends-us-tiktok-ban-for-75-days-with-executive-order-but-legal-and-market-uncertainty-looms-over-platforms-future">Trump Postpones TikTok Ban</a>



<h3 class="wp-block-heading">Increased Supply Chain Disruptions Or A Bluff? </h3>



Trump's tariff proposal could disrupt supply chains, given the scale of U.S. trade with its neighbors. According to ING Group economist Inga Fechner, 15% of all U.S. imports in 2023 came from Mexico, while 13.7% came from Canada.



"About a third of everything the U.S. imports would be affected by unilateral tariffs, potentially disrupting supply chains and impacting the economy significantly," Fechner said.



Mexico's share of U.S. imports exceeds 25% in seven categories, while Canada's share exceeds 25% in 20 categories. These categories include agricultural products, food and beverages, automobiles, metals, wood, and industrial products.



Fechner added that the tariffs could lead to price hikes on everyday goods, including a &#8220;typical U.S. breakfast.&#8221; Items like coffee, which are already seeing soaring prices, could become even more expensive in the months ahead.



On the contrary, Goldman Sachs economist Alec Phillips questioned the implementation of those tariff threats. 



While he said that Trump's comments on Canada and Mexico were "more hawkish than expected," he indicated that similar proposals in the past were not followed through.



Phillips reminded that Trump previously announced plans for tariffs on Mexico in 2019 and pledged to sign necessary paperwork in November 2024 to enact trade measures on Inauguration Day, neither of which materialized.



&#8220;Despite Trump's comments, we continue to believe the odds of a 25% tariff on Canada and Mexico are low at 20%. We are lowering our odds of a universal tariff this year to 25%,&#8221; Phillips said in a note. 



<h3 class="wp-block-heading">Trudeau Vows Retaliation</h3>



Canadian outgoing Prime Minister Justin Trudeau quickly pushed back on Trump's tariff proposal, vowing a robust response. 



Speaking at a news conference in Montebello, Quebec, Trudeau warned that Canada would match U.S. tariffs dollar for dollar if they were implemented.



"Canada will respond, and everything is on the table," Trudeau said, adding that the U.S.–Canada relationship remains one of the most successful partnerships globally. 



He also highlighted Canada's role as a "safe, secure, reliable partner" for critical U.S. imports like steel, aluminum, and energy.



Trudeau cautioned that if the U.S. turns away from Canada, it may have to source resources from adversarial nations like Russia, China, or Venezuela.



<h3 class="wp-block-heading">Currencies Plunge As Trade Risks Mount</h3>



The Mexican peso weakened 1.2% in the session, with the USD/MXN exchange rate rising to 20.72. The peso has now lost 4% of its value against the dollar since Trump's election victory in November 2024.



The Canadian dollar also struggled, falling 0.7% in its worst daily performance in over a month. The USD/CAD exchange rate reached 1.44 levels, with the currency similarly down about 4% since November.



Despite the currency weakness, equity markets in both countries saw gains. The iShares MSCI Canada Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWC#NYSE">EWC</a>) rose 1.1%, while the iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) climbed 1.9%. 



Now Read: 



<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/43097430/trumps-drill-baby-drill-era-begins-oil-prices-tumble-us-energy-stocks-edge-up">Trump&#8217;s &#8216;Drill, Baby, Drill&#8217; Era Begins: Oil Prices Tumble, US Energy Stocks Edge Up</a></li>
</ul>



Image: Shutterstock

Mexican Peso, Canadian Dollar Slide As Trump Threatens 25% Tariffs, Economist Eyes Price Hikes On 'Typical US Breakfast'

With Jerome Powell keeping his cards close to the chest, investors hoping for a <a href="https://www.benzinga.com/topic/interest-rates">quick rate cut</a> might need to sit tight. 



Inflation has now regained equal footing with labor market data in the Fed's policy calculus, and according to Kevin Flanagan, Head of Fixed Income Strategy at WisdomTree Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WT#NYSE">WT</a>), the latest numbers simply don't "rise to the threshold" for an early rate cut.



While the central bank would love to get back to neutral, Powell is in no rush. 



"Powell &amp; Co. will wait to see future employment and inflation reports to see if the window ‘re-opens' for another cut come the March FOMC meeting, at the earliest," Flanagan said in an exclusive interview with Benzinga.



Read Also: <a href="https://www.benzinga.com/markets/bonds/25/01/42996183/trump-faces-bond-market-pressure-as-10-year-yields-near-5-challenging-economic-agenda">Trump Faces Bond Market Pressure As 10-Year Yields Near 5%, Challenging Economic Agenda</a>



<h2 class="wp-block-heading">Investment Strategy: How To Navigate Market Uncertainty</h2>



Volatility in the bond market is here to stay, making traditional fixed-income strategies look increasingly shaky. 



Flanagan warns that duration risk can amplify price swings, leaving investors exposed if they're too far out on the yield curve. His advice? A <a href="https://www.wisdomtree.com/investments/strategies/fixed-income">barbell approach</a> that blends short-duration and long-duration assets to navigate the turbulence. "Utilizing a barbell strategy with an active-passive approach is our recommendation," Flanagan states.



WisdomTree's own in-house strategy pairs:



<ul>
<li>a Treasury floating rate fund &#8211; such as the WisdomTree Floating Rate Treasury Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USFR#NYSE">USFR</a>)</li>



<li>with a yield enhanced U.S. aggregate bond fund (such as the WisdomTree Yield Enhanced U.S. Aggregate Bond Fund (ARCA:AGGY) or the WisdomTree Bianco Total Return Fund (the WisdomTree Bianco Total Return Fund (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wtbn#NASDAQ">WTBN</a>) —offering investors a way to counterbalance risk with liquidity and yield.</li>
</ul>



Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42990155/5-yields-fuel-demand-treasury-etfs-despite-bond-market-pain-relief-rally">5% Yields Fuel Demand For Long-Dated Treasury ETFs Despite Bond Market Pain: Is A Relief Rally On The Horizon?</a>



<h2 class="wp-block-heading">Where's The Yield Curve Headed?</h2>



Looking ahead, the Treasury yield curve is likely to steepen further over the next six to twelve months, with intermediate to long-term bonds expected to underperform their short-term counterparts. 



"The Treasury yield curve will more than likely continue to steepen over the course of the next 6-12 months," Flanagan notes. Managing both volatility and duration will be key, and investors need to be tactical to avoid getting caught on the wrong side of the rate cycle.



With the Fed playing the waiting game and bond market uncertainty persisting, investors would do well to adapt. Staying nimble and strategic might be the only way to win in this new fixed-income reality.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/01/43013984/peter-schiff-warns-a-financial-tsunami-will-crash-us-markets-as-japans-yields-soar">Peter Schiff Warns &#8216;A Financial Tsunami&#8217; Will Crash US Markets As Japan&#8217;s Yields Soar</a></li>
</ul>



Image: AI generated

Macro Economic Events

Bonds

Specialty ETFs

Economics

Federal Reserve

Exclusives

Interview

AGGY

USFR

WTBN

EXCLUSIVE: 'Powell & Co. Will Wait' — WisdomTree Expert On Why Investors Need Smarter Bond Strategy

Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) may be riding the Edge AI wave, but it's also facing a riptide of headwinds. JPMorgan analyst Samik Chatterjee sees currency woes, China struggles, and lukewarm AI adoption as hurdles for the tech giant's upcoming earnings—and warns that <a href="https://www.benzinga.com/quote/AAPL/guidance">guidance could disappoint investors</a>.



<h2 class="wp-block-heading">China's Chilling Effect</h2>



Apple's grip on China is loosening, and Chatterjee isn't mincing words. "Share loss in China to likely continue with the company already past its product cycle peak and with the consumer subsidies from the local administration to enable smartphone replacement for low to mid-tier phones, which excludes high-end smartphones." 



With Beijing's push to boost domestic brands, Apple is losing its competitive edge in a critical growth market.



Read Also: <a href="https://www.benzinga.com/markets/equities/25/01/43087992/apple-gets-rare-downgrade-from-jefferies-analyst-warns-on-slowing-revenue-growth-missed-forecasts-and-falling-iphone-demand">Apple Gets Rare Downgrade From Jefferies, Analyst Warns On Slowing Revenue Growth, Missed Forecasts, And Falling iPhone Demand</a>



<h2 class="wp-block-heading">AI: The Game-Changer That Isn't (Yet)</h2>



Despite Apple's push into Edge AI, Chatterjee sees a slow build rather than a sudden spike in demand. "Limited traction yet for the AI features rolled out increasing the likelihood of flattish unit sales as we go through the upcoming quarters, although downside to unit sales remain limited given trough replacement rates already." 



Simply put, consumers aren't rushing to upgrade just for AI, leaving iPhone sales stuck in neutral.



<h2 class="wp-block-heading">Strong Dollar, Weak Outlook?</h2>



The dollar's strength is another thorn in Apple's side, making overseas sales less profitable. "Stronger USD to increase headwinds for Apple to navigate in the coming quarters, given limited appetite to adjust pricing outside of new product launches." 



This could mean Apple absorbs the hit rather than passing costs to customers, squeezing margins further.



<h2 class="wp-block-heading">Apple Earnings Outlook: A Tough Climb</h2>



Chatterjee expects Apple's first quarter earnings to come in at $2.33 per share on $123 billion in revenue—just shy of consensus estimates. But it's the guidance that could really spook investors. Revenue for the quarter is expected to land at $94.8 billion, trailing consensus expectations, as China's smartphone subsidies and AI's slow ramp-up weigh on demand.



Still, Chatterjee isn't ditching Apple altogether. He maintains an Overweight rating, banking on Apple's premium valuation holding up thanks to its ecosystem and AI ambitions. 



However, he trims his December 2025 price target from $265 to $260, warning that earnings revisions from a softer guide could pressure shares in the near term.



Apple may have long-term AI potential, but for now, it's a battle of innovation versus macro headwinds. And according to Chatterjee, the next earnings report could be a reality check for investors.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/asia/25/01/43088007/nvidia-apple-supplier-tsmc-halts-production-as-6-4-magnitude-earthquake-strikes-taiwan">Nvidia, Apple-Supplier TSMC Halts Production As 6.4 Magnitude Earthquake Strikes Taiwan</a></li>
</ul>



Photo: Shutterstock

Analyst Color

Asia

Long Ideas

Analyst Ratings

Apple's AI Advances Can't Offset Chinese Market Slowdown, Says Analyst

Donald Trump wasted no time in his return to the White House, signing a flurry of executive orders, and, most notably, declaring <a href="https://www.benzinga.com/government/regulations/25/01/43086509/trump-unleashes-executive-orders-on-border-security-oil-drilling-domestic-manufacturing-in-first-acts-as-president">a national energy emergency. </a>



During his inauguration speech on Monday, he reaffirmed his commitment to fossil fuels, pledging to &#8220;drill, baby, drill&#8221; and revoke the electric vehicle mandate. 



&#8220;The inflation crisis was caused by massive overspending and escalating energy prices. And that is why today I will also declare a national energy emergency. We will drill, baby, drill,&#8221; Trump said. 



Trump also announced his intent to withdraw the U.S. from the Paris Climate Accord, calling wind turbines "ugly" and reiterating his policy against renewable energy expansion. His focus is clear: expand drilling, restore the Strategic Petroleum Reserve and flood global markets with U.S. oil and gas.



Oil markets are already reacting, but will this push for American energy dominance send crude prices soaring or lead to an oversupply crisis?



<h3 class="wp-block-heading">What Happens To Oil Prices?</h3>



The immediate impact of Trump's pro-drilling stance on oil markets has been strong, with traders already reassessing their outlooks on crude prices. 



The U.S. benchmark West Texas Intermediate crude – as tracked by the United States Oil Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>) – tumbled by 2.6% during morning trading on Tuesday, heading for a third straight session of losses. 



"Mr. Trump's full-throated yell for U.S. producers to: ‘Drill, baby, drill!' is not new. And it's perfectly logical that prices should fall at the prospect of increased supply. But producers are highly price-sensitive, and there comes a time/price where it's uneconomical to raise production," commented David Morrison, senior market analyst at Trade Nation.



&#8220;Day 1 executive orders in these areas are expected to be followed by further action in the coming days and weeks, with Trump set to test the limits of presidential authority to pursue an agenda that aims to unravel Biden's energy and climate policies,&#8221; wrote Energy Intelligence in a note Tuesday. 



David Goldman, head of trading at Novion said Trump's policy shift "is unlikely to have any significant impact in the short term but may have bearish repercussions in the long term."



Goldman highlighted that a sharp increase in U.S. production, particularly if global demand slows due to the ongoing transition to renewable energy, could weigh on prices. "Increased production without sufficient export infrastructure risks bottlenecks, while protectionist trade measures could stifle international cooperation and reduce market efficiency."



<h3 class="wp-block-heading">Energy Stocks See A Small Lift</h3>



Oil and gas stocks saw modest gains in premarket trading Tuesday as investors weighed the potential for increased drilling activity. 



The Energy Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), which tracks major oil companies, was up 0.1% during premarket trading, while the SPDR S&amp;P Oil &amp; Gas Exploration &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOP#NYSE">XOP</a>) saw similar gains.



Among individual stocks:



<ul>
<li>Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) rose 1.67% </li>



<li>Texas Pacific Land Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>) gained 1.04%</li>



<li>Schlumberger Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) climbed 1.04% to $44.03</li>



<li>Kinder Morgan Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMI#NYSE">KMI</a>) increased 0.96% to $30.60</li>



<li>Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) moved 0.90% higher to $46.96</li>
</ul>



Smaller energy players saw sharper moves, with Gulfport Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPOR#NYSE">GPOR</a>) surging 9.13% to $213.25 and Sable Offshore Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOC#NYSE">SOC</a>) jumping 5.20% to $25.77.



Read now: 



<ul>
<li><a href="https://www.benzinga.com/markets/futures/25/01/43093520/us-stocks-set-to-open-on-a-positive-note-as-trumps-second-white-house-term-kicks-off-tesla-apple-netflix-among-stocks-in-focus">US Stocks Set To Open On A Positive Note As Trump&#8217;s Second White House Term Kicks Off: Tesla, Apple, Netflix Among Stocks In Focus</a></li>
</ul>



Photo Shutterstock

GPOR

Trump's 'Drill, Baby, Drill' Era Begins: Oil Prices Tumble, US Energy Stocks Edge Up

3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) stock surged after the company reported better-than-expected fourth-quarter 2024 results and <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/n43092130/3m-reports-fourth-quarter-and-full-year-2024-results-initiates-full-year-2025-financial-guidance" rel="noreferrer noopener">initiated 2025 guidance.</a>



The company reported net sales of $6.01 billion, a slight increase of 0.13% year-over-year. Adjusted net sales totaled $5.808 billion, up 2.2% YoY, beating the consensus of $5.781 billion.



Adjusted EPS was $1.68, down 2% YoY, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of $1.66.</a>



Adjusted organic sales growth for the quarter was 2.1%, reflecting a 70-basis-point headwind due to product portfolio optimization initiatives and the exit from certain smaller markets.



GAAP operating income margin expanded to 18.1% from 15% a year-ago. Adjusted operating margin contracted 17 bps points to 19.7%, with adjusted business segment operating income of $1.14 billion (+1.3% YoY).



Safety &amp; Industrial reported 2.4% adjusted organic growth and adjusted operating margin expansion to 21% from 19.7% in the prior year quarter.



Transportation &amp; Electronics reported 2% adjusted organic growth, and the adjusted operating margin contracted to 19.4% from 20.9% a year ago. The consumer segment reported adjusted organic growth of 1.2%.



Operating cash flow for full-year 2024 stood at $1.8 billion, down from $6.68 billion. MMM returned $3.8 billion to shareholders via dividends and share repurchases.



Operating cash flow included $3.8 billion in net after-tax payments for significant litigation costs, primarily associated with Public Water Systems and Combat Arms Earplugs.



2025 Guidance: 3M anticipates adjusted total sales growth of 0.5% to 1.5%, driven by adjusted organic sales <a href="https://www.benzinga.com/calendars/guidance">growth of 2% to 3%.</a>



The company projects adjusted EPS in the range of $7.60 to $7.90 versus consensus of $7.78 and expects adjusted operating cash flow between $5.2 billion and $5.3 billion, resulting in approximately 100% adjusted free cash flow conversion.



Price Action: MMM shares are trading higher by 4.23% at $147 premarket on the last check Tuesday.

Guidance

Post-It Maker 3M Q4 Earnings: Revenue And EPS Beat, Expands Margins, Optimistic 2025 Guidance And More

The meme coins of President Donald Trump and First Lady Melania Trump, have taken a sharp downturn after reaching <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43076714/scaramucci-criticizes-donald-trumps-meme-coin-launch-idi-amin-level-corruption">record valuations on their launch day</a>.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Market Cap</td><td>24-Hour Trend</td></tr><tr><td>OFFICIAL TRUMP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>)</td><td>$37.05</td><td>$7.4 billion</td><td>-30.7%</td></tr><tr><td>Official Melania Meme (CRYPTO: MELANIA)</td><td>$4.40</td><td>$846.9 million</td><td>-55.2%</td></tr></tbody></table></figure>



Trader Notes: A wallet named Ansem incurred a $2.55 million loss after selling 194,799 TRUMP tokens for $6.83 million. 



The wallet had originally purchased them for $9.38 million ($48.14 per token) but sold them at $35.04 each, according to Lookonchain <a href="https://x.com/lookonchain/status/1881528883079709134">data</a>.



Despite the significant drop, traders remain hopeful.



Crypto trader Mayne suggests entering the market at levels below $35.2 and recommends taking profits above $45.5.



<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/search?q=%24TRUMP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TRUMP</a> Bid the purple and TP into the blue <a href="https://t.co/8Cj5dBd5Qt">pic.twitter.com/8Cj5dBd5Qt</a>&mdash; Mayne (@Tradermayne) <a href="https://twitter.com/Tradermayne/status/1881529692802732035?ref_src=twsrc%5Etfw">January 21, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Crypto trader Johnny has doubled down on TRUMP, expecting a rebound fueled by future developments. 



He <a href="https://x.com/CryptoGodJohn/status/1881521898376552939">believes</a> the president will not allow the coin to fail prematurely, and with a 60% correction from its peak, he foresees a strong recovery.



Statistics: In its first 24 hours, OFFICIAL TRUMP ranked among the top five cryptocurrencies by trading volume. 



At its peak, the combined valuation of Trump meme coins <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43080060/donald-trump-and-melania-memecoins-combined-market-value-is-now-higher-than-that-of-warren-buffetts-hot-pick">exceeded Warren Buffett's Berkshire Hathaway's top investment</a>, Occidental Petroleum.



Read Next:&nbsp;



<ul>
<li><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">Trump Coin Tanks 36%, Even As Melania Trump Launches Her Own Token: Top Analyst Says His Short Is &#8216;Going Very, Very Well&#8217;</a></li>
</ul>



Image: Shutterstock

Trump Meme Coin Plummets 30% But Traders Say It's Just A Correction

U.S. stocks could open on a positive note on Tuesday after <a href="https://www.benzinga.com/government/regulations/25/01/43085323/trump-sworn-in-as-47th-president-declares-golden-age-of-america-begins-right-now">Donald Trump's inauguration</a> as the 47th President of the U.S. on Monday.



Futures point to a positive start to the Trump presidency amid a cloud of tariff threats against other countries and a slew of executive orders. These include Trump revoking President Biden's EV mandate, refocusing on energy, and ordering the government's employee base to be reduced.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Nasdaq 100</td><td>0.46%</td></tr><tr><td>S&amp;P 500</td><td>0.40%</td></tr><tr><td>Dow Jones</td><td>0.37%</td></tr><tr><td>R2K</td><td>0.68%</td></tr></tbody></table></figure>



In premarket trading on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.45% to $600.24 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.50% to $524.35, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data</a>.



Cues From Last Session:



U.S. stocks ended Friday on a positive note, with the Nasdaq and S&amp;P 500 ending the day with major gains, while the Dow Jones closed 0.78% in the green.



Crude oil prices edged lower as traders await clarity about the new Trump administration's agenda.



Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) were among the top gainers on Friday, surging 3% during the session.



On the economic data front, U.S. industrial production rose by 0.9% in December, topping market estimates of a 0.3% increase. Housing starts rose by 15.8% from the previous month to an annualized rate of 1.499 million units in December.



Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, information technology, and communication services stocks recording gains on Friday.



However, healthcare and real estate stocks bucked the overall market trend, closing the session lower.



<figure class="wp-block-table"><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>1.51%</td><td>19,630.20</td></tr><tr><td>S&amp;P 500</td><td>1.00%</td><td>5,996.66</td></tr><tr><td>Dow Jones</td><td>0.78%</td><td>43,487.83</td></tr><tr><td>Russell 2000</td><td>0.40%</td><td>2,275.88</td></tr></tbody></table></figure>



Insights From Analysts:



Analysts at JPMorgan sounded optimistic about the earnings growth prospects of U.S. companies over their European rivals, but the reason for this is slightly different.



According to JPMorgan strategist Mislav Matejka, the optimism stems from the fact that projections for the U.S. benchmark were "meaningfully" reduced despite a strong economy, according <a href="https://www.bloomberg.com/news/articles/2025-01-20/jpmorgan-s-matejka-sees-us-profits-outshining-europe-this-season">to</a> a report by Bloomberg.



On the other hand, expectations were "more punchy" for European stocks, which could be challenging for companies to meet.



See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How To Trade Futures</a>



Upcoming Economic Data



While there are no economic events scheduled for Tuesday, here's what investors will keep an eye on for the rest of the week:



<ul>
<li>On Wednesday, leading economic indicator data will be released at 10:00 a.m., ET.</li>



<li>On Thursday, initial jobless claims data will be released at 8:30 a.m. ET.</li>



<li>On Friday, S&amp;P flash services PMI and manufacturing PMI will be released at 9:45 a.m. ET.</li>



<li>Existing home sales and consumer sentiment data will be released at 10 a.m., ET.</li>
</ul>



Stocks In Focus:



<ul>
<li>Auto stocks like Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), and Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>), among others, will be in focus on Tuesday.</li>



<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) gained 3.10% in pre-market trading President Trump revoked the Biden administration's AI order.</li>



<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) stock fell nearly 2% after a rare downgrade from Jefferies, <a href="https://www.benzinga.com/markets/equities/25/01/43087992/apple-gets-rare-downgrade-from-jefferies-analyst-warns-on-slowing-revenue-growth-missed-forecasts-and-falling-iphone-demand">citing slowing revenue growth and iPhone demand</a>.</li>



<li>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) continued to soar amid reports of the chipmaker being the target of an acquisition bid.</li>



<li>Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) edged up by 0.8% ahead of its earnings scheduled for later today.</li>



<li>Trump Media &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) <a href="https://www.benzinga.com/general/social-media/25/01/43091739/djt-stock-drops-3-in-tuesday-premarket-a-day-after-inauguration-key-details-about-trumps-media-company">shares fell more than 7% in pre-market</a> after President Trump's inauguration.</li>
</ul>



Commodities, Bonds And Global Equity Markets:



Crude oil futures fell in the early New York session, declining by 2.5% to hover around $75.30 per barrel.



The 10-year Treasury note yield edged lower to 4.587%.



Most of the major Asian markets were mixed on Tuesday, while European markets were in the red in early trading.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/01/43091739/djt-stock-drops-3-in-tuesday-premarket-a-day-after-inauguration-key-details-about-trumps-media-company">DJT Stock Drops 3% In Tuesday Premarket, A Day After Inauguration — Key Details About Trump&#8217;s Media Company</a></li>
</ul>



Photo Via Shutterstock

Futures

Pre-Market Outlook

INTC

LCID

RIVN

TSLA

US Stocks Set To Open On A Positive Note As Trump's Second White House Term Kicks Off: Tesla, Apple, Netflix Among Stocks In Focus

American EV giant&nbsp;Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) witnessed a 13% drop in new car registrations in 2024&nbsp;<a href="https://www.benzinga.com/news/24/10/41350137/tesla-wins-approval-to-begin-1st-stage-of-berlin-gigafactory-expansion-despite-protests" target="_blank" rel="noreferrer noopener">in the European Union</a> despite overall new car registrations rising in the year, according to data from the European Automobile Manufacturers Association (ACEA) released on Tuesday.



What Happened:&nbsp;The auto industry body said that 242,945 new Tesla cars were registered in the EU in 2024, <a href="https://www.benzinga.com/24/12/42571913/tesla-registrations-drop-by-nearly-41-in-november-in-eu-dragging-down-optimism-for-over-500000-ev-deliveries-in-q4">down from</a> 279,542 in 2023. 



The drop in registrations in the EU spurred Tesla&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43082006/tesla-researcher-says-it-will-help-ev-giants-annual-deliveries-if-trump-does-not-change-ev-tax-credit-eligibility-criteria-immediately">first fall in annual vehicle deliveries worldwide</a>. The company delivered 1,789,226 vehicles in 2024, 1.1% less than the 1,808,581 deliveries reported for 2023.



Overall new car registrations in the EU, however, rose by 0.8% to around 10.6 million units last year. Battery electric registrations fell by about 6% to 1.4 million units, dragged down by a drop in registrations in Germany. 



Dearborn-based Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) also witnessed a 13.7% drop in registrations to 309,441 units. 



Chinese Players Mark Growth, Others Showcase Mixed Performance: Chinese players, however, <a href="https://www.benzinga.com/25/01/42762224/bev-market-share-will-increase-across-us-china-europe-in-2025-says-sp-global-mobility">witnessed growth</a>.



Volvo Cars (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VLVOF#OTC">VLVOF</a>), majority-owned by China&#8217;s Zhejiang Geely Holding, saw registrations rise by a whopping 28% to 282,087 units. SAIC Motors also, likewise, saw registrations rise by 6.7% to 157,340 units.



German automaker Volkswagen continued to be the best-selling carmaker in the EU, with over 2.8 million new vehicles registered in 2024, marking a year-on-year growth of 3.2%. 



Chrysler parent Stellantis NV, witnessed a 7.2% drop in registrations to 1.7 million units while Renault Group witnessed a near 2% growth to 1.2 million units.



Price Action: At the time of writing, Tesla shares were up 1.91% in Tuesday&#8217;s premarket session, according to <a href="http://pro.benzinga.com">Benzinga Pro data.</a>



Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/tech/25/01/43090016/which-evs-might-lose-7500-ev-tax-credit-under-trump-administration" target="_blank" rel="noreferrer noopener">Here Are The EVs Which Could Lose $7,500 EV Tax Credit Under Trump Administration</a></li>
</ul>



Image via Tesla

VLVOF

Tesla Struggles in Europe As New Registrations Fall 13% In 2024, Driving First Global Delivery Decline In Years

Editor&#8217;s Note: This story has been updated to include premarket price movements.



MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares dropped 3.43% in Tuesday premarket, falling to $382.90 as cryptocurrency markets reacted to President Donald Trump&#8216;s inauguration speech that notably <a href="https://www.benzinga.com/25/01/43086698/crypto-market-plunges-after-trumps-inaugural-speech-fails-to-mention-digital-assets">omitted any mention of digital assets</a>.



What Happened: The enterprise software company, which holds over $45 billion in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), had seen its stock surge 8.04% to $396.50 on Friday amid optimism about Trump&#8217;s anticipated crypto-friendly policies. 



The company&#8217;s executive chairman Michael Saylor attended a &#8220;Crypto Ball&#8221; last Friday where he met with Trump&#8217;s incoming cabinet members, fueling speculation about <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43078515/michael-saylor-meets-trumps-cabinet-at-crypto-ball-what-does-the-bitcoin-bulls-cryptic-post-indicate">favorable cryptocurrency regulations</a>.



However, Trump&#8217;s inaugural address focused instead on traditional assets, declaring the start of a &#8220;Golden Age of America&#8221; &#8211; a reference that prompted Bitcoin critic Peter Schiff to highlight the president&#8217;s apparent preference for gold over cryptocurrency. 



See Also: <a href="https://www.benzinga.com/25/01/43088034/bitcoin-ethereum-dogecoin-retrace-from-pre-inauguration-highs-as-trumps-address-disappoints-analyst-highlights-possibility-of-btc-consolidation-in-101k-106k-range">Bitcoin, Ethereum, Dogecoin Retrace From Pre-Inauguration Highs As Trump Skips Crypto Mention: Analyst Highlights BTC Consolidation In $101K-$106K Range</a>



Why It Matters: The speech&#8217;s omission of digital assets triggered a broader <a href="https://www.benzinga.com/25/01/43088563/bitcoin-vs-gold-peter-schiff-decodes-trumps-golden-age-reference-in-inaugural-speech">crypto market decline</a>, with Bitcoin falling from $106,000 to $101,775.



The selloff comes as Trump named Mark Uyeda as acting U.S. Securities and Exchange Commission chair, replacing Gary Gensler. 



The firm has been purchasing Bitcoin for ten consecutive weeks, according to its public disclosures.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/01/43088840/donald-and-melania-trump-memecoins-crash-after-presidential-inaugurationfirst-couples-crypto-wealth-plunges-36">Donald And Melania Trump Memecoins Crash, Erode Billions In Investors&#8217; Wealth</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.

MSTR

MicroStrategy Drops Nearly 4% In Tuesday Premarket After Trump's Inauguration Speech Sidelines Cryptocurrency, Bitcoin Retreats Below $102K (UPDATED)

President Donald Trump&#8217;s executive order Monday to suspend the TikTok ban for 75 days has injected fresh uncertainty into the social media platform&#8217;s future, even as potential buyers emerge amid <a href="https://www.benzinga.com/general/social-media/25/01/43076238/tiktok-shuts-down-in-us-vanishes-from-app-stores-message-expresses-hope-for-trump-intervention">national security concerns</a>.



What Happened: The order temporarily halts the ban that took effect Sunday under a law requiring ByteDance to sell TikTok&#8217;s U.S. operations. With 170 million U.S. users, the platform briefly went offline over the weekend before service was restored.



&#8220;I guess I have a warm spot for TikTok,&#8221; Trump said Monday, suggesting the U.S. government should broker a deal for 50% control of the platform, which he valued at potentially $500 billion.



Market observers note <a href="https://www.benzinga.com/25/01/43078310/mark-zuckerbergs-instagram-doubles-down-on-tiktok-rivalry-with-new-edits-app-to-lure-creators-as-the-potential-shutdown-sparks-alternatives">several companies could benefit</a> from TikTok&#8217;s uncertain status. Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) launched a new video creation app &#8216;Edits&#8217; Sunday, positioning itself to capture advertising revenue if TikTok faces restrictions. According to eMarketer, TikTok generated $12.34 billion in U.S. ad revenue in 2024.



Jeff Bezos-backed Perplexity reportedly made a $50 billion bid to merge with TikTok U.S., while Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk&#8217;s X platform is <a href="https://www.benzinga.com/general/social-media/25/01/43078206/jeff-bezos-backed-perplexity-reportedly-makes-50-billion-move-to-merge-with-tiktok-but-elon-musks-x-remains-this-analysts-favorite-bidder">considered another potential acquirer</a>. However, Tesla investor Gary Black warned that Musk&#8217;s acquisition of TikTok could negatively impact Tesla&#8217;s stock.



See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43087992/apple-gets-rare-downgrade-from-jefferies-analyst-warns-on-slowing-revenue-growth-missed-forecasts-and-falling-iphone-demand">Apple Gets Rare Downgrade From Jefferies, Analyst Warns On Slowing Revenue Growth, Missed Forecasts, And Falling iPhone Demand</a>



Why It Matters: Legal experts question the executive order&#8217;s authority. &#8220;Executive orders cannot override existing laws,&#8221; said Sarah Kreps, director of Cornell University&#8217;s Tech Policy Institute, <a href="https://apnews.com/article/trump-tiktok-ban-executive-order-50df1f96c25576762b65e24b63ce61eb?user_email=97d05b29432d778bbb1ffb8f16f2769451bf1d6125981f71ceccbe18ec8d01d8&amp;utm_medium=APNews_Alerts&amp;utm_source=Sailthru_AP&amp;utm_campaign=NewsAlert_Jan20_2025_08:39PM&amp;utm_term=AP%20News%20Alerts">according</a> to the Associated Press. The law allows for a 90-day extension if there&#8217;s progress toward a sale, but its retroactive application remains unclear.



Beijing signaled possible flexibility on Monday regarding TikTok&#8217;s sale. &#8220;Business operations and acquisitions should be independently decided by companies in accordance with market principles,&#8221; said Chinese Foreign Ministry spokeswoman Mao Ning.



The situation remains fluid as technology companies navigate compliance. While TikTok restored service for existing users, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) have not reinstated the app in their stores, citing U.S. legal requirements.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43088798/nancy-pelosi-sells-nvidia-apple-and-loads-up-on-google-parent-alphabet-and-amazon-calls">Nancy Pelosi Sells Nvidia, Apple And Loads Up On Google-Parent Alphabet And Amazon Calls</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.

Social Media

Trump Suspends US TikTok Ban For 75 Days With Executive Order, But Legal And Market Uncertainty Looms Over Platform's Future

The CNN Money Fear and Greed index showed an improvement in overall market sentiment, but the index remained in the &#8220;Fear&#8221; zone on Friday.



U.S. stocks settled higher on Friday, with the Dow Jones index gaining more than 300 points during the session.



All three major indices also recorded their first weekly gain of 2025. The Dow jumped 3.7%, while the S&amp;P 500 added 2.9% last week. The Nasdaq, meanwhile, surged 2.5% during the week to notch its strongest weekly performance since December.



Big tech shares recorded gains on Friday, with shares of Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surging 3% and NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) adding over 3% during the session.



Fastenal C.o (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FAST#NASDAQ">FAST</a>) reported weaker-than-expected fourth-quarter earnings. J B Hunt Transport Services Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBHT#NASDAQ">JBHT</a>) shares fell around 7% on Friday after the company reported fourth-quarter EPS below estimates.



On the economic data front, U.S. industrial production rose by 0.9% in December, topping market estimates of a 0.3% increase. Housing starts rose by 15.8% from the previous month to an annualized rate of 1.499 million units in December. Building permits declined by 0.7% to an annualized rate of 1.483 million in December.



Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, information technology, and communication services stocks recording gains on Friday. However, healthcare and real estate stocks bucked the overall market trend, closing the session lower.



The Dow Jones closed higher by around 335 points to 43,487.83 on Friday. The S&amp;P 500 rose 1% to 5,996.66, while the Nasdaq Composite climbed 1.51% at 19,630.20 during Friday's session.



Investors are awaiting earnings results from 3M Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), D.R. Horton Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>), and Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 37.7, the index remained in the &#8220;Fear&#8221; zone on Friday, versus a prior reading of 34.1.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/01/43054647/wall-streets-most-accurate-analysts-spotlight-on-3-financial-stocks-with-over-9-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 9% Dividend Yields</a></li>
</ul>



Photo courtesy: Shutterstock

FAST

JBHT

Nasdaq Surges 1.5% Amid Gains In Tesla, Nvidia: Investor Sentiment Improves, But Greed Index Remains In 'Fear' Zone

Leading cryptocurrencies failed to rally as expected on Monday after Donald Trump was sworn in as the 47th president of the U.S.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 7:30 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+1.57%</td><td>$101,346.96</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.75%</td><td>$3,252.20</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-0.76%</td><td>$0.3515</td></tr></tbody></table></figure>



What Happened: Bitcoin fell steadily, reaching an intraday low of $100,626 as the top cryptocurrency failed to capitalize on its <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43079668/bitcoin-hits-record-109000-ahead-of-trumps-inauguration-sparks-market-rally">surge to fresh highs of $109,000</a> ahead of the inauguration.&nbsp;



Ethereum followed a similar trajectory, retracing from a high of $3,425 to as low as $3,228.



The excitement was likely muted after Trump&#8217;s inauguration address <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43085738/trumps-crypto-silence-inauguration-omission-sparks-questions-after-history-of-mixed-signals">made no mention of cryptocurrency or Bitcoin</a>, contrary to expectations.



Moreover, <a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">lawsuits</a> against the new Elon Musk-headed Department of Government Efficiency affected sentiment around Dogecoin.



About $756 million was liquidated from the market in the last 24 hours, including roughly $500 million on upside bets.



Bitcoin's Open Interest rose 1.36% in the last 24 hours, coinciding with a similar rise in the spot price.



That said, over 51% of derivatives traders had short positions opened for Bitcoin, suggesting expectations of further correction in the days ahead.



The market sentiment remained in the "Extreme Greed" zone, according to the Crypto Fear &amp; Greed Index.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 7:30 p.m. ET)</td></tr><tr><td>Raydium (RAY)</td><td>+14.71%</td><td>$7.36</td></tr><tr><td>ai16z (AI16Z)</td><td>+13.29%</td><td>$0.9323</td></tr><tr><td>Lido DAO (LDO)</td><td>+12.13%</td><td>$1.82</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.53 trillion, increasing by 1.36% in the last 24 hours.



Stock futures spiked during Monday evening as President Trump began his second term. The Dow Jones Industrial Average Futures rose 241 points, or 0.56%, as of 7:30 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.51%, while Nasdaq 100 Futures added 0.56%.



The New York Stock Exchange and Nasdaq were closed on Monday to commemorate Martin Luther King Jr. Day and the markets will resume trading on Tuesday.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Widely followed cryptocurrency analyst Rekt Capital drew attention to the successful retest of $101,000 as Bitcoin's support.



"This confluent support may serve as a floor for future price action, enabling consolidation within this current $101,000-$106,000 range," the analyst added.



<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/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin never ceases to amaze with its price action Harsh rejection from the Range High but the most important takeaway is this: Bitcoin has successfully retested the red diagonal and black Range Low of $101k as support This confluent support may serve as a floor for… <a href="https://t.co/ZEFwviuIoF">https://t.co/ZEFwviuIoF</a> <a href="https://t.co/MA1Xknbfhf">pic.twitter.com/MA1Xknbfhf</a>&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1881403885484487086?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another popular on-chain analyst and chartist, Ali Martinez, identified Ethereum&#8217;s $2,700–$3,000 support zone as an area of interest.



"This demand area must hold to maintain ETH's bullish outlook. A breakdown could invalidate the positive momentum," Martinez remarked.



<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">Keep an eye on the $2,700–$3,000 support zone. This demand area must hold to maintain the <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> bullish outlook. A breakdown could invalidate the positive momentum.<a href="https://t.co/nzqYWTHqEf">https://t.co/nzqYWTHqEf</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1881338342748647832?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo by Avi Rozen on Shutterstock



Read Next:    



<ul>
<li><a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">Trump&#8217;s DOGE Committee Faces Lawsuits Over Alleged Federal Advisory Violations, Lack Of Transparency</a></li>
</ul>

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Retrace From Pre-Inauguration Highs As Trump Skips Crypto Mention: Analyst Highlights BTC Consolidation In $101K-$106K Range

On Friday, January 17, U.S. markets closed higher, with the S&amp;P 500, Dow, and Nasdaq marking their strongest weekly gains in months. Optimism over economic resilience and potential Fed rate cuts, alongside robust bank earnings and upbeat homebuilding and manufacturing data, outweighed concerns about Trump&#8217;s policies and inflation risks.



According to economic data, U.S. industrial production rose by 0.9% in December, surpassing expectations of 0.3%. Housing starts jumped 15.8% to 1.499 million units annually, while building permits dipped 0.7% to 1.483 million.



Most S&amp;P 500 sectors ended higher on Friday, led by consumer discretionary, information technology, and communication services gains. In contrast, healthcare and real estate stocks closed lower, diverging from the broader market trend.



The Dow Jones Industrial Average was up 0.78% and closed at 43,487.83, the S&amp;P 500 closed higher by 1.00% at 5,996.66, and the Nasdaq Composite rose 1.51% to finish at 19,630.20.



Aisa Markets Today



<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 closed higher by 0.30% at 39,000.50, led by gains in the Shipbuilding, Machinery, and Rubber sectors.</li>



<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.66%, ending the session at 8,402.40, with gains in the Gold, Financials, and Metals &amp; Mining sectors.</li>



<li>India&#8217;s Nifty 50 closed lower by 1.25% at 23,053.05, and the Nifty 500 declined 1.63%, closing at 21,452.90. Losses in the Real Estate, Consumer Durables, and Power sectors led the declines.       </li>



<li>China&#8217;s Shanghai Composite declined 0.05% and closed at 3,242.62, while the Shenzhen CSI 300 rose 0.08%, finishing the day at 3,832.61.</li>



<li>Hong Kong Hang Seng closed the session higher by 0.91% at 20,106.55.</li>
</ul>



Eurozone at 05:30 AM ET



<ul>
<li>The European STOXX 50 was up 0.05%.</li>



<li>Germany&#8217;s DAX fell 0.08%.</li>



<li>France&#8217;s CAC rose 0.25%.</li>



<li>U.K.&#8217;s FTSE index 100 traded higher by 0.12%.</li>



<li>European stocks were flat Tuesday as investors assessed Trump&#8217;s tariff plans. The STOXX 600 was steady, but Germany&#8217;s DAX fell 0.2% on automotive sector worries.</li>
</ul>



Commodities at 05:30 AM ET



<ul>
<li>Crude Oil WTI was trading lower by 1.98% at $75.83/bbl, and Brent was down 1.11% at $79.24/bbl.</li>



<li>Oil prices declined as investors evaluated delayed U.S. tariff plans and Trump&#8217;s focus on expanding domestic energy production.</li>



<li>Natural Gas declined 2.20% to $3.861.</li>



<li>Gold was trading lower by 0.50% at $2,735.09, Silver was down 0.09% to $31.108, and Copper fell 1.88% to $4.2862.</li>
</ul>



U.S. Futures at 05:30 AM ET



Dow futures were up 0.44%, S&amp;P 500 futures rose 0.49% and Nasdaq 100 futures gained 0.55%.



Forex at 05:30 AM ET



<ul>
<li>The U.S. Dollar Index rose 0.55% to 108.66, USD/JPY gained 0.22% to 155.91, and USD/AUD gained 0.76% to 1.6058.</li>



<li>The dollar rebounded on Tuesday, partially recovering from its sharp decline on Monday, as President Trump hinted at potential 25% tariffs on Canada and Mexico by February 1.</li>
</ul>



Image via Shutterstock

Emerging Markets

Eurozone

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

EEMA

FLAX

IEMG

IEUR

KDIV

SPEM

USDU

World Markets Mixed As Trumps Takes Office, Dollar Strengthens - Global Markets Today While US Slept

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) faces mounting pressure as Jefferies downgraded the tech giant to &#8216;underperform,&#8217; citing concerns over revenue growth, following President Donald Trump's <a href="https://www.benzinga.com/markets/equities/25/01/43079785/trump-announces-apple-plans-massive-investment-in-the-us-following-discussion-with-ceo-tim-cook">remarks about potential new U.S. investments</a> from the company.



The Apple Analyst: Jefferies analyst Edison Lee cut his price target to $200.75 from $211.84, <a href="https://www.cnbc.com/2025/01/20/jefferies-downgrades-apple-to-rare-underperform-rating-says-revenue-may-disappoint.html">reported</a> CNBC, projecting a 12.7% downside for the stock. 



 The rare bearish call stands in contrast to broader Wall Street sentiment, with only three other analysts recommending selling Apple shares compared to 19 buy ratings, according to Tipranks.com. The stock has already declined over 8% in 2024, following last year&#8217;s 30% gain.



The Apple Thesis: Lee warns Apple could miss its 5% revenue growth forecast for the first quarter of fiscal year 2025 and expects disappointing second-quarter guidance, citing weak iPhone sales and limited artificial intelligence developments.



The downgrade comes as Trump announced potential &#8220;massive investment&#8221; plans from Apple in the United States, revealed during his recent victory rally in Washington D.C. Trump cited a conversation with CEO Tim Cook, linking the investment to his election win and broader initiative to expedite approvals for <a href="https://www.benzinga.com/markets/equities/25/01/43079785/trump-announces-apple-plans-massive-investment-in-the-us-following-discussion-with-ceo-tim-cook">companies investing $1 billion </a>or more in the U.S.



See Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43085491/where-will-sp-500-open-after-trumps-inauguration-39-pick-this-range">EXCLUSIVE: Where Will S&amp;P 500 Open Tuesday After Trump&#8217;s Inauguration? 39% Pick This Range</a>



Apple, which recently approached but fell short of a $4 trillion valuation, is set to report earnings on Jan. 30, with investors closely watching for signs of revenue weakness highlighted in the Jefferies report.



The contrasting narratives emerge amid strong market performance, with the tech-heavy Nasdaq 100 gaining 1.9% in its best week since November. Apple&#8217;s <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">consensus price target</a> stands at $245.17, based on 30 analyst ratings, with recent analysis from MoffettNathanson, Bernstein, and B of A Securities suggesting a modest 2.25% upside potential.



<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/20195405/Screenshot-2025-01-21-at-6.23.00%E2%80%AFAM-1024x379.png" alt="" class="wp-image-741527" style="width:633px;height:auto"/></figure>



Price Action: Apple closed at $229.98 on Friday, up 0.75% for the day. In after-hours trading, the stock dipped 0.21%. Year to date, Apple's stock is down 5.69%, but over the past year, it has gained 18.61%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/01/43086698/crypto-market-plunges-after-trumps-inaugural-speech-fails-to-mention-digital-assets">Crypto Market Plunges After Trump&#8217;s Inaugural Speech Fails To Mention Digital Assets</a></li>
</ul>



Image Via Shutterstock 



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple Gets Rare Downgrade From Jefferies, Analyst Warns On Slowing Revenue Growth, Missed Forecasts, And Falling iPhone Demand

The Symbol PRDS was not found. Here are some similar symbols and popular symbols to consider.

PRDS Page Not Found - Benzinga

Symbol Similar to: PRDS

Top Gaining Stocks

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO