BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) CEO Larry Fink is cautiously optimistic on the markets. He&#8217;s optimistic on growth prospects, but warned Thursday that new inflationary pressures could <a href="https://www.benzinga.com/markets/equities/24/12/42608297/tom-lee-explains-why-fewer-cuts-in-2025-could-boost-the-market-urges-investors-to-buy-the-dip-amid-recent-volatility">negatively impact stocks</a>. 



What To Know: During a <a href="https://www.cnbc.com/2025/01/23/blackrocks-fink-says-that-the-bond-market-will-tell-us-where-were-going.html">CNBC</a> interview from the&nbsp;World Economic Forum on &#8220;Squawk Box&#8221; Thursday morning, Fink was asked about his stance on the current state of the stock market. 



"I'm cautiously optimistic,&#8221; he said. &#8220;That being said, I have scenarios where it could be pretty bad.&#8221;



The BlackRock chief pointed to U.S. President Donald Trump&#8217;s recent <a href="https://www.benzinga.com/markets/futures/25/01/43122112/us-stocks-likely-to-open-higher-as-president-trump-announces-500-billion-ai-project-oracle-netflix-nvidia-among-top-stocks-to-watch">plans</a> to invest up to $500 billion in <a href="http://benzinga.com/topic/ai">AI</a> infrastructure. Fink believes the investment will help unlock private capital and stimulate &#8220;enormous&#8221; growth. However, he also believes the growth could bring on new inflationary pressures. 



&#8220;I do believe that's probably the risk that is not factored into the markets. I think the bond market is going to tell us where we're going,&#8221; Fink told CNBC.



The 10-year Treasury yield was hovering around 4.64% at the time of writing, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. It&#8217;s been trending higher since mid-September when it bottomed around 3.62%. 



Fink noted that there is a possibility that the 10-year could climb back above 5% and even rise as high as 5.5% if inflation begins picking up again. 



&#8220;That would shock the equity market. That would not be a good scenario,&#8221; the BlackRock CEO said.



See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43167016/blackrock-ceo-fink-urges-sec-to-rapidly-approve-tokenization-of-stocks-and-bonds">BlackRock CEO Fink Urges SEC To &#8216;Rapidly Approve&#8217; Tokenization Of Stocks And Bonds</a>



The Trump administration is trying to find growth from the private sector. Fink said he will be paying attention to how quickly the private sector is able to put money to work. At the same time, he&#8217;s keeping an eye on inflationary pressures. 



&#8220;Depending on how this plays out, there is a scenario where we're going to have much more elevated interest rates because of inflation. And that's going to have a very negative impact on the equity market,&#8221; Fink said. 



<a href="http://benzinga.com/quote/blk">BlackRock shares</a> were up 0.51% at $1,011.45 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.



Now Read:



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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43163656/stargate-project-microsoft-gains-oracle-waits-data-centers-face-long-term-questions">Stargate Project: Microsoft Gains, Oracle Waits, Data Centers Face Long-Term Questions</a></li>
</ul>



Photo: Shutterstock.

News

BlackRock's Larry Fink Warns That New Inflationary Pressures Could 'Shock' The Stock Market: 'It Could Be Pretty Bad'

The Hughes fire has grown to more than 10,000 acres Thursday and forced more than 31,000 Californians to evacuate an area near Castaic Lake, about 45 miles <a href="https://www.benzinga.com/markets/equities/25/01/43149396/new-fire-breaks-out-in-los-angeles-county">northwest of Los Angeles.</a>&nbsp;



What To Know: The latest fire to ravage the L.A. area broke out just before 11 a.m. PT on Wednesday and spread quickly under dry conditions and high winds.&nbsp;



&#8220;This vegetation is extremely dry," said LA County Fire public information officer Fred Fielding, as reported by NBC Los Angeles.&nbsp;



"We&#8217;ve had two years of above average rainfall (2023 and 2024)&#8230; so you&#8217;ve got a lot of these light grasses where these fires can start, and if it gets into that old growth vegetation there&#8217;s a lot of energy there. Combine that with the winds, and you&#8217;ve got a recipe for a very high rate of spread.&#8221;



Read Next: <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43136971/will-soundhound-ai-stock-get-a-boost-from-project-stargate">Will SoundHound AI Stock Get A Boost From Project Stargate?&nbsp;</a>



As of Wednesday night, the Hughes fire was 14% contained, according to the Los Angeles County Fire Department. A red flag warning has been extended through 10 a.m. Friday in Los Angeles and Ventura counties. 



What To Watch: AccuWeather estimates the<a href="https://www.benzinga.com/news/legal/25/01/42953761/santa-ana-winds-return-as-la-wildfire-damage-estimates-rise-to-at-least-250-billion-fire-officials-investigate-downed-power-lines"> total damage</a> and economic loss from the wildfires to be between $250 billion and $275 billion and could increase as fires continue to burn. 



Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>), one of the major insurers in Southern California, addressed the California wildfires on its quarterly earnings call on Wednesday. 



Travelers' CFO Dan Frey said that the wildfires "are going to be a material event for the industry" and will have a "material impact on our first-quarter earnings."&nbsp;



Other insurance companies<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43068088/allstate-chubb-progressive-face-significant-losses-from-wildfires-weather-events-say-analysts-ahead-of-q4-reports"> with exposure</a> to the wildfires include Allstate Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALL#NYSE">ALL</a>), Chubb Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>), and Progressive Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>). All three companies will report fourth-quarter earnings at the end of January and beginning of February. 



Investors will watch for guidance and early estimates of how the fires will impact first-quarter results. 



Read Next:&nbsp;



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</ul>



Photo: Shutterstock

Earnings

Previews

Insurance

LA Wildfire Update: Hughes Fire Burns 10,000 Acres, Travelers Insurance Says Fires Will Have 'Material Impact' On Q1 Earnings

GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) shares are moving higher in early trading Thursday. Retail traders appear to be circling a new social media post from meme stock trader&nbsp;Keith Gill,&nbsp;also <a href="https://www.benzinga.com/topic/roaring-kitty">known as&nbsp;&#8220;Roaring Kitty."</a>



What To Know: Gill made his first <a href="https://x.com/TheRoaringKitty/status/1882231930021949446">post</a> in about three weeks on X late Wednesday, which has sparked volatility in shares of GameStop and other related names. 



The new post features a dog hanging out on a sidewalk outside of a pizza shop. The song &#8220;I Will Wait For You,&#8221; sung by Connie Francis, plays throughout as the dog appears to be waiting for something.



GameStop shares tend to see increased attention whenever Gill is active on social media, but most traders appear to believe the meme stock trader may be hinting at another name on his radar. 



Shares of Unity Software Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/U#NYSE">U</a>) and Clear Secure Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) briefly popped on the post. Traders across X and Reddit&#8217;s r/WallStreetBets are speculating that Roaring Kitty could be looking for other opportunities. Unity Software appears to be the leading guess. Some have speculated that the song is pointing traders to Unity. Others also noted that the letter &#8220;U&#8221; falls from the pizza shop sign about halfway through the video.



Check This Out: <a href="https://www.benzinga.com/25/01/43158901/jim-cramer-says-this-tech-stock-is-speculative-but-he-likes-it">Jim Cramer Says This Tech Stock Is Speculative But He Likes It</a>



Gill&#8217;s previous <a href="https://x.com/TheRoaringKitty/status/1874621633777844714">post</a> on X featured a short clip of comedian and actor&nbsp;Dave Chappelle&nbsp;impersonating musician&nbsp;Rick James. The meme often includes the word "Unity" overlayed on the image. "Unity" is also the name of a James song from the 1980s.



Gill also posted an&nbsp;<a href="https://x.com/TheRoaringKitty/status/1871933930963693706" target="_blank" rel="noreferrer noopener">image</a>&nbsp;of a wrapped gift in traditional Christmas colors&nbsp;on Christmas Day and&nbsp;<a href="https://www.benzinga.com/general/social-media/24/12/42349100/gamestop-rockets-as-roaring-kitty-returns-to-x-what-does-his-tweet-signal-ahead-of-q3-earnings" target="_blank" rel="noreferrer noopener">posted an image</a>&nbsp;of a TIME magazine cover featuring a blank computer screen and a video player paused at the 1:09 mark of a 4:20-long video in early December. Some traders have suggested that these posts could also be pointing to Unity Software, but it&#8217;s not clear if any of his posts have anything to do with Unity or any other stock. 



Gill is best known for playing a leading role in the historic 2021 meme stock craze&nbsp;that saw GameStop and other heavily shorted names squeeze higher. He made a return to social media last year following a three-year absence.



GME Price Action: GameStop shares were up 2.47% at $28.34 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.



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<li><a href="https://www.benzinga.com/25/01/43066466/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a></li>
</ul>



Photo: Shutterstock.

Social Media

Movers

What's Going On With GameStop Stock Thursday?

The tech world is reeling after President Trump&#8217;s announcement of the Stargate Project, a $500 billion initiative designed to catapult the <a href="https://www.benzinga.com/etfs/sector-etfs/25/01/43135764/trumps-500-billion-stargate-ai-plan-puts-3-etfs-in-focus">U.S. to AI supremacy.</a>



The project, which will see SoftBank, OpenAI and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) join forces to build cutting-edge AI infrastructure, has immediate implications for key tech players like Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) and Oracle, as well as data centers, according to Goldman Sachs analyst Kash Rangan.



&#8220;The Stargate Project is solidifying the importance of Gen-AI as an important tech theme for the years ahead&#8221; Rangan said in a note released Thursday.



<h3 class="wp-block-heading">Microsoft: Early Bird Catches The Worm</h3>



Rangan sees the Stargate Project as strongly positive for Microsoft. As an early investor in OpenAI, Microsoft has already committed heavily in AI infrastructure. 



The new project, while potentially increasing competition, reinforces Microsoft&#8217;s existing advantages. &#8220;Being early to market and operational scaling experience is important,&#8221; Rangan said. 



The analyst highlights the updated terms of Microsoft&#8217;s partnership with OpenAI mitigate risks while maintaining significant upside. 



&#8220;From a financial perspective, MSFT gets to keep the equity upside while minimizing if not eliminating the risk given its involvement at ground zero with more parties stepping though Stargate to alleviate the capital burden,&#8221; Rangan said.



<h3 class="wp-block-heading">Oracle: Long-Term Potential, Near-Term Uncertainties</h3>



While Oracle stands to benefit from increased demand for AI services, Rangan cautions that these benefits may take time to materialize. 



&#8220;It could not be until 2028 that Oracle gets to experience material benefits from the Stargate JV,&#8221; he notes.



This lengthy timeline is partly attributed to the substantial lead time required for the construction of necessary datacenter equipment.



&#8220;We note that this is likely to take time to play out as supply constraints for necessary datacenter equipment have a ~3 year lead time,&#8221; he added.



Furthermore, the analyst highlighted uncertainties surrounding Oracle&#8217;s financial commitments to the project, noting that its planned CapEx of over $15 billion in fiscal-year 2025 may need upward revisions.



<h3 class="wp-block-heading">Datacenter Impact: Short-Term Boost, Long-Term Questions Remain</h3>



The Stargate Project presents a mixed bag for datacenter operators like Digital Realty Trust Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DLR#NYSE">DLR</a>) and Equinix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EQIX#NASDAQ">EQIX</a>).



In the short term, the project could provide a boost, driven by tighter supply-demand dynamics in the market.



&#8220;We see the announcement as a tactical positive, as we believe it reflects tighter supply/demand market dynamics than the market expects over the next two years,&#8221; Rangan said.



Yet, the long-term impact remains uncertain with the investment bank flagging the risk of shifting away from outsourced data centers. 



If OpenAI, which may utilize third-party providers like Digital Realty, decides to primarily leverage the infrastructure built by the Stargate Project, it could significantly diminish the demand for external data center services.



Essentially, the Stargate Project could disrupt the existing market dynamics, posing a potential threat to the long-term growth of companies like Digital Realty.



Read now: 



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<li><a href="https://www.benzinga.com/government/regulations/25/01/43144858/sp-500-hits-fresh-records-at-6100-as-strong-earnings-trumps-ai-wager-fuel-bull-run">S&amp;P 500 Hits Fresh Records At 6,100: Strong Earnings, Trump&#8217;s AI Wager Fuel Bull Run</a></li>
</ul>



Photo: Shutterstock

Analyst Color

Econ #s

Analyst Ratings

Tech

EQIX

MSFT

ORCL

Stargate Project: Microsoft Gains, Oracle Waits, Data Centers Face Long-Term Questions

American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) stock plunged after the company reported <a target="_blank" href="https://www.benzinga.com//node/43155792" rel="noreferrer noopener">fourth-quarter 2024 results and weak outlook.</a>



The airline&#8217;s operating revenue grew 4.6% year-over-year to $13.66 billion, beating the consensus of $13.395 billion. The revenue increase was fueled by capacity adjustments and demand strength.



The adjusted operating margin stood at 8.4% compared to 5.1% a year ago. The company reported adjusted EPS of $0.86, up from $0.29 a year ago, <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">above the consensus of $0.64.</a>



The company generated an operating cash flow of $3.983 billion for fiscal 2024, up from $3.803 billion a year ago, and a free cash flow of ~$2.201 billion. The company ended the year with $10.3 billion in available liquidity.



In the&nbsp;fourth quarter&nbsp;of 2024, American Airlines met its $15 billion debt reduction target from mid-2021 peak levels, achieving the goal a year earlier than planned.



Revenue passenger miles increased by 4.0%, Available seat miles were up by 2.5%, and the passenger load factor for the quarter was 84.9% compared to 83.6% in the same quarter last year.



The average aircraft fuel price, including related taxes (dollars per gallon), fell 23.5% YoY to $2.34, and the operating cost per ASM reduced by 1.5%.



Related: <a target="_blank" href="https://www.benzinga.com/general/travel/25/01/43140360/american-airlines-charts-are-bullish-can-q4-earnings-keep-the-altitude" rel="noreferrer noopener">American Airlines Charts Are Bullish: Can Q4 Earnings Keep The Altitude?</a>



During the quarter, American Airlines announced an exclusive 10-year co-branded credit card partnership with Citi, aimed at providing enhanced value for AAdvantage and Citi-branded cardholders.



&#8220;We continue to run a reliable operation, and we are reengineering the business to build an even more efficient airline. That, coupled with our commercial actions, resulted in strong financial performance in the fourth quarter. As we look ahead to this year, American remains well-positioned because of the strength of our network, loyalty and co-branded credit card programs, fleet and operational reliability, and the tremendous work of our team,&#8221; commented American&#8217;s CEO&nbsp;Robert Isom.



Q1 Guidance: American Airlines expects adjusted EPS loss to be between $0.20 to $0.40 versus a $0.04 loss estimate and adjusted operating margin of ~ flat to 1%.



AAL expects first-quarter revenue to increase 3%- 5% year over year and total capacity to be ~flat to -2%.



2025 Guidance: American Airlines expects an adjusted EPS of $1.70 to $2.70 versus the consensus of $2.42. It <a href="https://www.benzinga.com/calendars/guidance">expects revenue growth of 4.5% to 7.5%.</a>



Price Action: AAL shares are trading lower by 5.57% at $17.62 premarket at the last check Thursday.



Photo via Shutterstock.

Equities

Large Cap

Guidance

American Airlines Q4: Earnings Beat, Debt Milestone, Lackluster Guidance And More

GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>)&nbsp;shares are trading higher premarket on Thursday after it reported&nbsp;fourth-quarter&nbsp;adjusted revenue growth of&nbsp;16%&nbsp;year-over-year to&nbsp;$9.879 billion&nbsp;and GAAP revenue of&nbsp;$10.812 <a target="_blank" href="https://www.geaerospace.com/sites/default/files/geaerospace_webcast_pressrelease_01232025.pdf" rel="noreferrer noopener">billion</a>. The analyst consensus was&nbsp;$9.604 billion.



<figure class="wp-block-image"><img decoding="async" src="blob:https://editorial.benzinga.com/5bc3d4f8-2670-4423-8838-53d700322ea0" alt=""/></figure>



Commercial Engines &amp; Services&nbsp;revenue was $7.650 billion&nbsp;(+19%&nbsp;Y/Y) and Defense &amp; Propulsion Technologies&nbsp;revenue totaled $2.523 billion&nbsp;(+4%&nbsp;Y/Y).



Total orders increased&nbsp;46%&nbsp;Y/Y to&nbsp;$15.5 billion, with Commercial Engines &amp; Services&nbsp;+50% Y/Y&nbsp;and Defense &amp; Propulsion Technologies&nbsp;+22% Y/Y.



GE Aerospace&#8217;s adjusted operating profit margin expanded 450 bps to&nbsp;20.1%, with an adjusted operating profit of&nbsp;$1.988 billion, up&nbsp;49%&nbsp;in the quarter.



Adjusted EPS for the quarter was&nbsp;$1.32 (+103%&nbsp;Y/Y), <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">beating the consensus of&nbsp;$1.04</a>.



GE Aerospace&#8217;s cash from operating activities for the fiscal year stood at&nbsp;$5.8 billion&nbsp;(+26%), while adjusted free cash flow rose&nbsp;28%.



The company repurchased shares worth more than $6&nbsp;billion in 2024. Also, it disclosed share repurchase plans of $7 billion in 2025, while raising the dividend by 30%, subject to Board approval.



2025 Guidance: GE Aerospace&nbsp;expects adjusted revenue growth in the low double digits and adjusted EPS of&nbsp;$5.10 &#8211; 5.45<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> vs. the&nbsp;$5.22&nbsp;consensus</a>.



The company expects adjusted operating profit of&nbsp;$7.8 billion&nbsp;–&nbsp;$8.2 billion&nbsp;and adjusted Free Cash Flow of&nbsp;$6.3 billion&nbsp;–&nbsp;$6.8 billion.



GE Aerospace Chairman and CEO H. Lawrence Culp, Jr. said, &#8220;Looking to 2025, we expect double-digit revenue and EPS growth with greater than 100% free cash flow conversion. Guided by FLIGHT DECK, our proprietary lean operating model, I&#8217;m confident in our ability to accelerate output and deliver for our customers.&#8221;



Investors can gain exposure to the stock via&nbsp;TCW Transform Systems ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NETZ#NYSE">NETZ</a>)and&nbsp;iShares U.S. Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>).



Price Action: GE shares are up 8.04% at $203.51 premarket at the last check Thursday.



Read Next:



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<li><a href="https://www.benzinga.com/25/01/43152748/sp-500-hits-new-record-fear-among-us-investors-eases-but-fear-greed-index-remains-in-fear-zone" target="_blank" rel="noreferrer noopener">S&amp;P 500 Hits New Record As Netflix Reports Strong Results: Investor Sentiment Improves But Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
</ul>



Photo: Jonathan Weiss/Shutterstock.com

Dividends

Buybacks

NETZ

GE Aerospace Q4 Earnings: EPS Beat, Dividend And Stock Buyback Hike, Strong FY25 Outlook And More

Shares of Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) have declined sharply following President Donald Trump&#8217;s announcement of significant electric vehicle <a href="https://www.benzinga.com/trading-ideas/25/01/43116755/trumps-plan-to-end-7500-ev-tax-credits-could-be-devastating-for-telsa-rivals-poll-says-could-be-bullish-for-elon-musks-company">policy changes</a>. Technical analysis of these companies reflects a bleak picture for the stocks in the near term.



What Happened: According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, shares of Rivian fell by 10.93% and Lucid Group slid 12.70% over the last two trading sessions after Trump signed executive orders related to EV policies on his first day in office.



<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-1024x576.png" alt="" class="wp-image-746424" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23044559/RIVN-LICD-TWO-DAY.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



The stocks of these EV makers have been under pressure over the speculation of Trump&#8217;s reversal of the tax credit worth $7,500.



According to the technical analysis of daily moving averages from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Rivian&#8217;s stock is under short-term pressure with longer-term support. Whereas, Lucid&#8217;s stock is undergoing a period of consolidation. 



<h4 class="wp-block-heading">Rivian Automotive</h4>



RIVN's shares closed at $12.69 apiece on Wednesday and it was below its eight-day simple moving average of $13.66 and its 20-day average of $14 apiece. It was also below its 50-day simple moving average of $12.82.



The stock was above its 200-day simple moving average of $12.28, suggesting support at this level in the longer term.



On the other hand, the relative strength index of 43.52 suggested that the stock is in a neutral zone.



<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-1024x576.png" alt="" class="wp-image-746364" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035530/RIVN-Tech-chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



<h4 class="wp-block-heading">Lucid Group</h4>



LCID's shares closed at $2.67 apiece on Wednesday and it was below its eight-day simple moving average of $2.96 and its 20-day average of $3.08 apiece. The 200-day simple moving average was also above the share price at $2.93, signaling a bearish trend.



However, the stock was above its 50-day simple moving average of $2.59 acting as a support. Thus, suggesting a phase of consolidation.



On the other hand, the relative strength index of 41.69 indicates that the stock is in a neutral zone.



<figure class="wp-block-image size-large"><a href="https://pro.benzinga.com/dashboard"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-1024x576.png" alt="" class="wp-image-746365" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/23035549/LICD-Tech-Chart.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



See Also: <a href="https://www.benzinga.com/trading-ideas/25/01/43116755/trumps-plan-to-end-7500-ev-tax-credits-could-be-devastating-for-telsa-rivals-poll-says-could-be-bullish-for-elon-musks-company">Trump&#8217;s Plan To End $7,500 EV Tax Credits Could Be &#8216;Devastating&#8217; For Telsa Rivals, Poll Says Could Be Bullish For Elon Musk&#8217;s Company</a>



Why It Matters: After his swearing-in ceremony, Trump&#8217;s <a href="https://www.benzinga.com/trading-ideas/25/01/43116755/trumps-plan-to-end-7500-ev-tax-credits-could-be-devastating-for-telsa-rivals-poll-says-could-be-bullish-for-elon-musks-company">executive order</a> canceled the target set by Joe Biden in 2021, mandating 50% of EV sales in the U.S. by 2030.



President Trump also halted unspent funds from a $5 billion EV charging infrastructure program. The administration will also reassess emissions rules requiring automakers to sell 30% to 56% electric vehicles by 2032. Additionally, Trump plans to challenge California&#8217;s zero-emission vehicle mandate, also adopted by 11 other states.



Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk, a major Trump supporter and the world&#8217;s richest person, in an X post dated July 16, 2024, said, &#8220;Take away the subsidies. It will only help Tesla.&#8221;



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Take away the subsidies. It will only help Tesla. Also, remove subsidies from all industries!&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1813112958157005259?ref_src=twsrc%5Etfw">July 16, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Following this, during a post-earnings call, when Tesla reported its lowest profit margin in over five years. Musk said, &#8220;It would be devastating for our competitors and hurt Tesla slightly, but long-term, it would probably actually help Tesla.&#8221;



For Rivian, known for electric trucks, SUVs, and delivery vans, the potential repeal of tax credits and reduced EV infrastructure funding could hurt demand for its premium vehicles. Lucid, another emerging <a href="https://www.benzinga.com/trading-ideas/movers/25/01/43113872/rivian-lucid-shares-are-falling-today-whats-going-on">EV brand</a>, faces similar challenges with reduced government incentives and infrastructure support, both key to its growth.



In premarket on Thursday, RIVN was down 0.39% and LCID fell by 1.50%.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/news/management/25/01/43073354/warren-buffett-openly-called-bitcoin-a-rat-poison-in-2018-7-years-later-he-is-invested-in-this-crypto-linked-stock-which-soared-27-in-2024">Warren Buffett Openly Called Bitcoin A &#8216;Rat Poison&#8217; In 2018. 7 Years Later, He Is Invested In This Crypto-Linked Stock Which Soared 27% In 2024 </a></li>
</ul>



Photo courtesy: Rivian

Market Summary

Technicals

Markets

Trading Ideas

General

LCID

RIVN

TSLA

Tesla Rivals Rivian, Lucid Fall Sharply After Donald Trump Revokes Biden's EV Targets, Freezes Infra Funding: Here's What Technical Analysis Says

U.S. stock futures were mixed on Thursday following Wednesday's rally. Futures of benchmark indices were lower except Dow Jones, which was marginally higher in premarket trade.



After being propelled to the brink of a record closing high on Wednesday the S&amp;P 500 index was poised to open lower according to futures.



The 10-year Treasury note yielded 4.63%, while the two-year note yielded 4.30%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> indicated a strong 99.5% probability that the Federal Reserve will hold interest rates steady at its upcoming meeting on Jan. 31, 2025.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Nasdaq 100</td><td>-0.52%</td></tr><tr><td>S&amp;P 500</td><td>-0.20%</td></tr><tr><td>Dow Jones</td><td>0.02%</td></tr><tr><td>Russell 2000</td><td>-0.19%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) both experienced negative premarket trading on Thursday. SPY fell 0.17% to $605.39, and QQQ declined 0.53% to $528.71, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From The Last Session



U.S. stocks <a href="https://www.benzinga.com/25/01/43152748/sp-500-hits-new-record-fear-among-us-investors-eases-but-fear-greed-index-remains-in-fear-zone">rallied </a>on Wednesday, with the S&amp;P 500 reaching a new all-time high, intraday.



Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) and Procter &amp; Gamble Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) both reported better-than-expected financial results, boosting market sentiment. Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), however, missed revenue expectations.



On the economic front, the U.S. mortgage applications saw a slight increase, but this had a limited impact on market movement.



While most sectors experienced declines, particularly utilities, real estate, and energy sectors fell the most. However, technology and communication services led gains.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>1.28%</td><td>20,009.34</td></tr><tr><td>S&amp;P 500</td><td>0.61%</td><td>6,086.37</td></tr><tr><td>Dow Jones</td><td>0.30%</td><td>44,156.73</td></tr><tr><td>Russell 2000</td><td>-0.61%</td><td>2,303.72</td></tr></tbody></table></figure>



Insights From Analysts



The performance of the &#8216;Magnificent 7&#8217; companies will drive corporate earnings growth, according to the analysts at BlackRock because these firms possess robust balance sheets, significant cash reserves, and negative net debt, enhancing their resilience to rising interest rates.



&#8220;Even in a higher-rate environment, we still think stocks can keep pushing higher as long as fundamentals stay strong,&#8221; the note stated.



BlackRock&#8217;s current stance remains risk-on as it anticipates the broadening of the AI beneficiary pool. However, it will monitor for potential triggers that may necessitate a shift in investment strategy.



According to Jason Goepfert, consultant at White Oak Consultancy and the founder of SentimenTrader, the S&amp;P 500 index was headed toward a rebound from a two-month low to a record high in just seven sessions on Wednesday. However, it didn&#8217;t close at a fresh record.



If the S&amp;P 500 hits a new record high in Thursday&#8217;s session, it will be its second fastest rebound over eight sessions, with the first quickest rebound recorded on June 24, 1998.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Just barely missed yet another 97-year record in the S&amp;P 500. It was on track to cycle from a 2-month low to record high in only 7 sessions. If it does so tomorrow (8 sessions), the only date that had a quicker rebound was Jun 24, 1998.&mdash; Jason Goepfert (@jasongoepfert) <a href="https://twitter.com/jasongoepfert/status/1882172063668166940?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



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



Upcoming Economic Data



Here&#8217;s what investors will keep an eye on for the rest of the week:



<ul>
<li>On Thursday, initial jobless claims data till Jan. 18, will be released at 8:30 a.m. ET.</li>
</ul>



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



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



Stocks In Focus:



<ul>
<li>GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) was up 13.03% in premarket on Thursday ahead of its earnings before the opening bell. Analysts expect it to report quarterly earnings of $1.04 per share on revenue of $9.60 billion.</li>
</ul>



<ul>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) was up 0.75% as Wall Street expects it to report quarterly earnings of 64 cents per share on revenue of $13.40 billion before the opening bell.</li>
</ul>



<ul>
<li>Union Pacific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) was up 0.29% ahead of its earnings before the opening bell. Analysts expect it to report quarterly earnings of $2.78 per share on revenue of $6.14 billion.</li>
</ul>



<ul>
<li>Plexus Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) was down 11.43% after it reported lower-than-expected first-quarter sales results and issued second-quarter revenue guidance below estimates.</li>
</ul>



<ul>
<li>Knight-Swift Transportation Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) was up 5.45% in premarket as it posted better-than-expected fourth-quarter adjusted earnings results.</li>
</ul>



<ul>
<li>Vince Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) was up 47.23% as P180 acquired Sun Capital's majority stake in the company. Brendan Hoffman is expected to become CEO effective Feb. 3, replacing interim CEO David Stefko, who will remain on the board.</li>
</ul>



Commodities, Gold And Global Equity Markets:



Crude oil futures were trading lower in the early New York session by 0.13% to hover around $75.34 per barrel.



The gold spot index was down by 0.53% to $2,756.26 per ounce. The Dollar Index was up 0.01% at 108.20 level.



Asian markets closed mixed on Thursday as Hong Kong's Hang Seng, Australia's ASX 200, and South Korea's Kospi index fell. Whereas, China's CSI 300, and Japan's Nikkei 225 index rose. European markets were also mixed.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/news/management/25/01/43073354/warren-buffett-openly-called-bitcoin-a-rat-poison-in-2018-7-years-later-he-is-invested-in-this-crypto-linked-stock-which-soared-27-in-2024">Warren Buffett Openly Called Bitcoin A &#8216;Rat Poison&#8217; In 2018. 7 Years Later, He Is Invested In This Crypto-Linked Stock Which Soared 27% In 2024</a></li>
</ul>



Photo courtesy: Shutterstock

Futures

Pre-Market Outlook

NFLX

PLXS

VNCE

US Stock Futures Trade Mixed After Skirting Record Highs In Last Session: GE Aerospace, American Airlines, Union Pacific In Focus

Leading cryptocurrencies dipped on Wednesday, diverging with the stock market rally, as the market expects more from the new Donald Trump administration.



<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>-2.33%</td><td>$103,392.39</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>-2.13%</td><td>$3,255.66</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>-1.94%</td><td>$0.3612</td></tr></tbody></table></figure>



What Happened: Bitcoin steadily fell from the highs of $107,000 tapped the day before. The top cryptocurrency hit an intraday low of $102,561 overnight.



Ethereum followed a similar trajectory, losing more than 2% of its value in the last 24 hours. The second-largest cryptocurrency has suffered losses of more than 5% over the week.



Though the SEC under acting Chairman Mark Uyeda launched a<a href="https://www.benzinga.com/top-stories/25/01/43110946/sec-launches-crypto-task-force-to-establish-clear-regulatory-framework"> dedicated cryptocurrency task force</a> to frame regulations for the industry, investors have been left disappointed due to no cryptocurrency-related executive orders from Trump thus far.



In the past 24 hours, 96,027 traders were liquidated, with total liquidations at $185.56 million. Upside bets worth $133.52 million were wiped out.



Long liquidations likely caused Bitcoin's Open Interest to slip by 3.06% in the last 24 hours.



That said, a rebound to $107,000 could liquidate nearly $565 million worth of short positions.



The market sentiment cooled from "Extreme Greed" to "Greed" over the last 24 hours, 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>XDC Network (XDC)</td><td>+14.13%</td><td>$0.1318</td></tr><tr><td>Worldcoin (WLD)</td><td>+8.21%</td><td>$2.28</td></tr><tr><td>Pudgy Penguins (PENGU)</td><td>+5.10%</td><td>$0.02501</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.62 trillion, expanding by 3.62% in the last 24 hours.



Stocks surged for the second straight trading day of the week. The Dow Jones Industrial Average jumped 130.92 points, or 0.30%, to close at 44,156.73. The S&amp;P 500 lifted 0.61%, ending at&nbsp; 6,086.37, just below its record closing highs. The tech-heavy Nasdaq Composite gained 1.28% to close at 20,009.34.



Artificial intelligence players, including Nvidia Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), surged as President Donald Trump announced a $500 billion initiative <a href="https://www.benzinga.com/etfs/sector-etfs/25/01/43135764/trumps-500-billion-stargate-ai-plan-puts-3-etfs-in-focus">to bolster the industry</a> in the U.S. Nvidia rallied 4.43% during Wednesday's session.



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



Analyst Notes: Widely followed cryptocurrency technical analyst Rekt Capital noted that Bitcoin likely entered a re-accumulation phase before trend continuation to new all-time highs.



"The last time Bitcoin experienced re-accumulation was in the post-halving re-accumulation phase. Bitcoin rallied +46% upon breakout from that phase," the analyst added.



A similar move could propel the apex cryptocurrency to nearly $150,000, Rekt Capital projected.



<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 is likely experiencing another Re-Accumulation period before trend continuation to new All Time Highs The last time Bitcoin experienced Re-Accumulation was in the Post-Halving Re-Accumulation phase Bitcoin rallied +46% upon breakout from that phase If Bitcoin is… <a href="https://t.co/66cu6CjZmS">pic.twitter.com/66cu6CjZmS</a>&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1882105114707587223?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Popular cryptocurrency trader Michaël van de Poppe made optimistic predictions for Ethereum, owing to <a href="https://www.benzinga.com/25/01/43088676/trump-backed-world-liberty-financial-bags-47-million-each-of-ethereum-wrapped-bitcoin-to-honor-the-new-president">large purchases</a> by World Liberty Financial, a decentralized finance platform backed by Trump.



"The fact that World Liberty has been buying so much ETH makes me more bullish on that particular asset," he said. "I think it&#8217;s going to start and make a great revival through 2025."



<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">The fact that World Liberty has been buying so much <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> makes me more bullish on that particular asset. I don&#39;t think <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> is the <a href="https://twitter.com/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ADA</a> of this cycle. I think it&#39;s going to start and make a great revival through 2025.&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1882078516847538192?ref_src=twsrc%5Etfw">January 22, 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/markets/cryptocurrency/25/01/43119637/michael-saylors-proposal-to-increase-microstratagys-share-count-approved-by-shareholders-more-bitcoin-purchases-on-the-cards">Michael Saylor&#8217;s Proposal To Increase MicroStratagy&#8217;s Share Count Approved By Shareholders — More Bitcoin Purchases On The Cards?</a></li>
</ul>

Cryptocurrency

$BTC

$DOGE

$ETH

NVDA

Bitcoin, Ethereum, Dogecoin Drop Amid Stock Rally, Cooling Investor Sentiment On Trump: Analyst Projects BTC At $150K If History Repeats

Gary Black has credited Netflix Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) <a href="https://www.benzinga.com/news/earnings/25/01/43114866/netflix-q4-earnings-record-subscribers-nfl-squid-game-push-past-highest-expectations">fourth-quarter performance</a> to its live sports strategy, original content, and price hike that saw minimal customer attrition.



What Happened: The Future Fund LLC managing partner took to X on Wednesday and highlighted Netflix's ability to attract massive audiences with its live sports and entertainment offerings.



&#8220;$NFLX (+10.5% AH) crushed 4Q net streaming adds (+18.9M vs +9.2M est) behind the strength of live sports and Squid Games 2,&#8221; he stated.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24NFLX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NFLX</a> (+10.5% AH) crushed 4Q net streaming adds (+18.9M vs +9.2M est) behind the strength of live sports and Squid Games 2. 2025/1Q Rev and EPS guides light vs ests. 4Q: &#8211; Revs $10.25B vs $10.11B est &#8211; EPS $4.27 vs $4.18 est &#8211; Paid members 301.6M vs 290.9M 1Q guide: &#8211; Rev…&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1881813710328443019?ref_src=twsrc%5Etfw">January 21, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/news/global/25/01/43088582/gary-black-questions-elon-musks-take-on-ev-credit-removal-after-tesla-sales-drop-in-europe-not-sure-how-the-math-works">Gary Black Questions Elon Musk&#8217;s Take On EV Credit Removal After Tesla Sales Drop In Europe: &#8216;Not Sure How The Math Works&#8217;</a>



Black noted that the Mile Tyson&#8211;Jake Paul fight and Beyoncé's Christmas show as pivotal in delivering 18.9 million net subscriber adds, more than double the expected 9.2 million.



"When you have 65 million people go to Netflix for the Tyson-Paul fight and 25 million for Beyoncé&#8217;s halftime show, it was clear Netflix was going to get huge net subscriber adds," Black said.



The prominent investor also pointed out that Netflix's 14% price increase contributed significantly to its revenue growth while maintaining low customer attrition.



<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">When you have 65M people go to <a href="https://twitter.com/search?q=%24NFLX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NFLX</a> for Mike Tyson-Jake Paul fight, and 25M people for Beyonce halftime show on Christmas, it was clear NFLX was going to get huge net subscriber adds (+18.9M vs +9.2M exp). Add to that a +14% avg price increase with very low attrition, and it's…&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1882062783635722505?ref_src=twsrc%5Etfw">January 22, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: Netflix&#8217;s fourth-quarter results have been described as one of the best in the company&#8217;s history.



The streaming giant brought its total paid memberships to 301.63 million compared to 290.9 million estimated. It also reported $10.25 billion in revenue, beating the expected $10.11 billion, and an EPS of $4.27, exceeding the projected $4.19.&nbsp;



However, Netflix's first-quarter 2025 guidance slightly missed expectations, with forecasted revenue of $10.42 billion (vs. $10.48 billion expected) and EPS of $5.58 (vs. $6.01 expected).



Analysts have <a href="https://www.benzinga.com/general/entertainment/25/01/43136402/netflix-stock-firing-on-all-cylinders-10-analysts-react-to-q4-beat-guidance-price-increases">adjusted their price targets</a> for Netflix, with Macquarie analyst Tim Nollen raising the target from $965 to $1,150, and KeyBanc analyst Justin Patterson increasing it from $1,000 to $1,100.



Netflix has also surpassed the <a href="https://www.benzinga.com/general/education/25/01/43145703/netflix-worth-more-than-disney-paramount-comcast-fox-combined">combined market cap</a> of entertainment giants like Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>), Paramount Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>) and Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>).



Price Action: Black predicted a 20% upside for Netflix on Wednesday. During regular trading, the stock gained 9.69%, though it edged down 0.49% in after-hours trading.



Despite the slight after-hours dip, NFLX has delivered impressive gains this year, rising 7.59% year-to-date and an astounding 96.41% over the past 12 months, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.



Netflix currently has a Relative Strength Index (RSI) of 67, indicating that the stock is in neutral territory.



<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/NFLX/analyst-ratings"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22210933/Screenshot-2025-01-23-at-7.39.26%E2%80%AFAM-1024x375.png" alt="" class="wp-image-745822"/></a></figure>



Photo Courtesy: Shutterstock.com



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<ul>
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Entertainment

CMCSA

PARA

Netflix Crushed Q4 Thanks To Sports, Squid Game, Says Gary Black: Analyst Highlights Low Attrition Despite Price Hikes, Predicts Stock Upside

SK hynix Inc. reported financial results for 2024, with revenues surging 102% to 66.19 trillion won ($46.34 billion), driven by explosive demand for artificial intelligence memory products. 



The South Korean semiconductor manufacturer, a critical supplier to Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), transformed from a loss-making position in 2023 to delivering a robust net profit of 19.79 trillion won ($13.84 billion).



The fourth-quarter performance highlighted the company&#8217;s strategic pivot, with revenues climbing 75% year-over-year to 19.7670 trillion won ($13.7 billion) and operating profit skyrocketing 2,236% to 8.08 trillion won ($5.66 billion). High-bandwidth memory emerged as a key growth driver, representing over 40% of total DRAM revenue and underscoring the company&#8217;s critical role in the AI semiconductor supply chain.



CFO Kim Woohyun emphasized the company&#8217;s profitability-first approach, noting &#8220;fundamental improvements&#8221; in high value-added product mix. The company plans continued investment in advanced memory technologies like HBM3E and HBM4, targeting growing demand from global technology leaders investing heavily in AI infrastructure.



Financial improvements were complemented by balance sheet optimization, with cash equivalents increasing 5.2 trillion won ($3.64 billion) and debt reducing 6.8 trillion won ($4.76 billion) in 2024. SK hynix also raised its annual dividend by 25% to 1,500 won ($1.05) per share, signaling confidence in its strategic positioning.



Price Action: SK Hynix stock is trading at 218,500 won ($151.97) on Thursday, down 3.10% as of 10:38 a.m. local time on the South Korea Exchange. Over the past year, the stock has surged by 55.18%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.



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<li><a href="https://www.benzinga.com/government/regulations/25/01/43144858/sp-500-hits-fresh-records-at-6100-as-strong-earnings-trumps-ai-wager-fuel-bull-run">S&amp;P 500 Hits Fresh Records At 6,100: Strong Earnings, Trump&#8217;s AI Wager Fuel Bull Run</a></li>
</ul>



Image via Wikimedia Commons



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

Nvidia Supplier SK Hynix Soars 102% In Revenue, But Stock Drops Despite AI Memory Boom

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



U.S. stocks settled higher on Wednesday, with the S&amp;P 500 surging to a new all-time high during the session.



Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) reported stronger-than-expected fourth-quarter financial results on Tuesday. Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) posted better-than-expected second-quarter financial results. Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) reported fourth-quarter sales of $10.97 billion, up 7.2% year over year, missing the consensus of $11.01 billion.



On the economic data front, U.S. mortgage applications rose 0.1% from the previous week in the week ending Jan. 17.



Most sectors on the S&amp;P 500 closed on a negative note, with utilities, real estate, and energy stocks recording losses on Wednesday. However, information technology and communication services stocks bucked the overall market trend, closing the session higher.



The Dow Jones closed higher by around 131 points to 44,156.73 on Wednesday. The S&amp;P 500 rose 0.61% to 6,086.37, while the Nasdaq Composite climbed 1.28% at 20,009.34 during Wednesday's session.



Investors are awaiting earnings results from GE Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), and Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 43.3, the index remained in the &#8220;Fear&#8221; zone on Wednesday, versus a prior reading of 41.5.



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



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Photo courtesy: Shutterstock

S&P 500 Hits New Record As Netflix Reports Strong Results: Investor Sentiment Improves But Greed Index Remains In 'Fear' Zone

The S&amp;P 500 briefly hit 6,100 points on Wednesday, reaching a fresh all-time high as Wall Street embraced a powerful mix of strong corporate earnings and President Donald Trump's bold $500 billion artificial intelligence<a href="https://www.benzinga.com/25/01/43139410/softbanks-role-in-500-billion-stargate-ai-venture-seen-as-major-growth-driver-analyst-says"> initiative, dubbed &#8220;AI Stargate.&#8221; </a>



The project, designed to transform America's AI infrastructure, added fuel to a market already cheering on stronger-than-expected fourth-quarter earnings and rising hopes of Federal Reserve interest rate cuts later this year.



Mega-cap technology stocks and semiconductor giants led the charge, pushing the S&amp;P 500 — tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) — higher for the sixth time in the last seven sessions.



By midday Wednesday, the S&amp;P 500 hit 6,100.4 points, narrowly surpassing its previous record of 6,099 set on Dec. 6.



See Also: <a href="https://www.benzinga.com/25/01/43142623/happy-birthday-sp-500-spy-etf-if-you-invested-1000-in-spy-at-launch-heres-how-much-youd-have-today">Happy Birthday S&amp;P 500 SPY ETF! If You Invested $1,000 In SPY At Launch, Here&#8217;s How Much You&#8217;d Have Today</a>



<h3 class="wp-block-heading">AI Stargate: A Game-Changing Investment in AI Infrastructure</h3>



Trump unveiled AI Stargate on Jan. 21. The joint venture unites OpenAI, led by Sam Altman, SoftBank, backed by Masayoshi Son, and Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) to build next-generation AI infrastructure.



The project aims to invest up to $500 billion over four years to develop massive AI data centers across the U.S., starting with an initial $100 billion phase.



Trump hailed the initiative as a &#8220;declaration of confidence in America&#8217;s potential,&#8221; emphasizing its importance in keeping the future of AI technology within U.S. borders. 



AI Stargate is expected to create 100,000 jobs almost immediately, further boosting optimism about economic growth.



<h3 class="wp-block-heading">Earnings Strength Fuels Market Optimism</h3>



While AI excitement dominated headlines, a strong corporate earnings season provided the foundation for the market&#8217;s rally. 



As of Jan. 17, 81% of S&amp;P 500 companies reporting fourth-quarter results had exceeded Wall Street's profit forecasts, while 64% had beaten revenue estimates, according to FactSet.



Mega-cap firms reporting earnings this week — including Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>), Charles Schwab Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>), Prologis Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>), Procter &amp; Gamble (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>), and Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) — all topped estimates, reinforcing investor confidence in corporate America&#8217;s strength.



&#8220;The S&amp;P 500's forward profit margin was at a record-high 13.6% during the January 18, 2025, week, up 0.9 percentage points from 12.7% a year earlier,&#8221; veteran investor Ed Yardeni said in a note Wednesday. 



&#8220;Corporate profitability should continue to improve even as Trump's administration faces a big fiscal headwind.&#8221;



<h2 class="wp-block-heading">Tech Titans Drive The Market Higher</h2>



The so-called &#8220;Magnificent 7&#8221; stocks were at the center of Wednesday's rally, with the Roundhill Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGS#NASDAQ">MAGS</a>) climbing 1.5%.



Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>) surged 4%, while Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) jumped 4.6%, reinforcing their dominance in the AI race. Chip stocks saw particularly strong gains as investors bet on increased demand for AI-related infrastructure. 



Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), the SoftBank-owned semiconductor design firm, soared 15%—its biggest single-day gain since February 2024.



SoftBank's 2024 annual report had described Arm as providing &#8220;the foundational technology for Artificial Super Intelligence,&#8221; a claim that now appears increasingly relevant as AI Stargate takes shape.



<h3 class="wp-block-heading">Six Stocks Powering The S&amp;P 500's Record High</h3>



Just a handful of companies were responsible for a significant portion of the broader market's surge on Wednesday. 



Nvidia and Microsoft alone contributed 53 basis points to the S&amp;P 500&#8217;s advance, while Netflix, Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), and Oracle Corp. collectively added another 18 basis points.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><thead><tr><th>Security Name</th><th>Price</th><th>Weight in S&amp;P 500</th><th>1-day %chg</th><th>Contribution to S&amp;P 500</th></tr></thead><tbody><tr><td>Nvidia Corp.</td><td>$1,472.46</td><td>6.51%</td><td>4.55%</td><td>+29bp</td></tr><tr><td>Microsoft Corp.</td><td>$445.37</td><td>6.27%</td><td>3.94%</td><td>+24bp</td></tr><tr><td>Netflix Inc.</td><td>$952.64</td><td>0.72%</td><td>9.54%</td><td>+6bp</td></tr><tr><td>Amazon.com Inc.</td><td>$233.46</td><td>4.10%</td><td>1.19%</td><td>+5bp</td></tr><tr><td>Meta Platforms Inc.</td><td>$626.13</td><td>2.65%</td><td>1.57%</td><td>+4bp</td></tr><tr><td>Oracle Corp.</td><td>$184.92</td><td>0.51%</td><td>7.15%</td><td>+3bp</td></tr></tbody></table></figure>



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Image: Shutterstock

Asia

Government

Regulations

Broad U.S. Equity ETFs

ETFs

AMZN

MAGS

SCHW

SOXX

S&P 500 Hits Fresh Records At 6,100: Strong Earnings, Trump's AI Wager Fuel Bull Run

Electronic Arts Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) shares are moving lower in after-hours Wednesday after the company reported preliminary financial results <a href="https://www.benzinga.com/pressreleases/25/01/b43143872/electronic-arts-pre-announces-preliminary-q3-fy25-results">for the third quarter</a>.



What Happened: EA said it previously anticipated mid-single-digit growth in live services net bookings, but now projects a mid-single-digit decline largely due to a slowdown in Global Football.



The Global Football franchise experienced a slowdown in the quarter as early momentum faded, the company said. Separately, Dragon Age only engaged approximately 1.5 million players during the quarter, about 50% lower than the company&#8217;s expectations. 



Due to the unexpected slowdown, EA reported preliminary results for the third quarter and adjusted its full-year outlook. EA now expects third-quarter revenue of $1.883 billion versus estimates of $2.507 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The company anticipates third-quarter earnings of $1.11 per share, in line with analyst estimates. 



EA now expects net bookings of approximately&nbsp;$2.215 billion&nbsp;in the third quarter. The company provided a net bookings range of&nbsp;$7 billion&nbsp;to&nbsp;$7.15 billion&nbsp;for fiscal year 2025.



&#8220;During&nbsp;Q3, we continued to deliver high-quality games and experiences across our portfolio; however, Dragon Age and EA SPORTS FC 25 underperformed our net bookings expectations,&#8221; said Andrew Wilson, CEO of EA. 



&#8220;This month, our teams delivered a comprehensive gameplay refresh in addition to our annual Team of the Year update in FC 25; positive player feedback and early results are encouraging. We remain confident in our long-term strategy and expect a return to growth in FY26, as we execute against our pipeline.&#8221;



EA will report its full financial results for the third quarter after the market close on Feb. 4.



EA Price Action: <a href="http://benzinga.com/quote/ea">EA shares</a> were down 8.56% at $130.16 in after-hours trading at the time of publication, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.



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<li><a href="https://www.benzinga.com/general/entertainment/25/01/43136402/netflix-stock-firing-on-all-cylinders-10-analysts-react-to-q4-beat-guidance-price-increases">Netflix Stock &#8216;Firing On All Cylinders&#8217;: 10 Analysts React To Q4 Beat, Guidance, Price Increases</a></li>
</ul>



Photo: Shutterstock.

Gaming

After-Hours Center

Electronic Arts Stock Is Sliding After The Close: What's Going On?

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) stock hit all-time highs Wednesday on the heels of a quarterly financial report that beat analyst estimates and saw<a href="https://www.benzinga.com/news/earnings/25/01/43114866/netflix-q4-earnings-record-subscribers-nfl-squid-game-push-past-highest-expectations"> record subscriber growth.</a>



With the stock price gains, Netflix is now worth more than the media companies that own the four U.S. broadcast networks and several other streaming companies combined.



What Happened: Netflix reported 18.9 million net new paid subscribers in the fourth quarter, setting a new company record. The company ended the quarter with 301.6 million global paid subscribers, continuing its dominance in<a href="https://www.benzinga.com/topic/streaming"> the streaming sector.</a>



Along with dominating the streaming sector, Netflix is also dominating the overall entertainment sector taking time away from traditional broadcasters and cable networks.



The company is also seeing its valuation rise while other media companies have had falling stock prices over the last year.



Netflix is now worth more than the four broadcast network parent companies combined as shown below.



<ul>
<li>CBS, owned by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>): $7.4 billion</li>



<li>NBC, owned by Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>): $141.8 billion</li>



<li>FOX, owned by Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>): $21.4 billion</li>



<li>ABC, owned by The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>): $197.6 billion</li>



<li>Total: $368.2 billion</li>
</ul>



Compare that to Netflix's current market capitalization of $410.0 billion.



Netflix is also worth more than many of its streaming competitors combined, which includes some of the media companies listed above:



<ul>
<li>Paramount+, owned by Paramount: $7.4 billion</li>



<li>Peacock, owned by Comcast: $141.8 billion</li>



<li>Tubi, owned by Fox: $21.4 billion</li>



<li>Disney+, Hulu, owned by Disney: $197.6 billion</li>



<li>MAX, owned by Warner Bros Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>): $24.0 billion</li>



<li>The Roku Channel, owned by Roku Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>): $11.7 billion</li>



<li>Total: $404 billion</li>
</ul>



Netflix is worth more than the combined market caps of the four broadcast channel owners and Warner Bros and Roku combined.



Read Also: <a href="https://www.benzinga.com/general/entertainment/25/01/43136402/netflix-stock-firing-on-all-cylinders-10-analysts-react-to-q4-beat-guidance-price-increases">Netflix Stock &#8216;Firing On All Cylinders&#8217;: 10 Analysts React To Q4 Beat, Guidance, Price Increases</a>



Why It's Important: Outside of companies like Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which own streaming platforms, Netflix is worth significantly more than its streaming and media rivals.



The other key competitor is YouTube, which is owned by 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>), another tech giant valued higher than Netflix.



YouTube and Netflix ranked first and second respectively for <a href="https://www.benzinga.com/25/01/43104552/youtube-vs-netflix-streamers-top-usage-leaderboard-in-december-sector-makes-more-gains-on-broadcast-and-cable">December market share</a> for streaming according to a Nielsen report. YouTube's December market share hit a company record 11.1% in December. Netflix tied its company record with an 8.5% market share in December.



Streaming hit a market share of 43.3%, up 9% from November. Broadcast television had market share of 22.4%, cable television had market share of 23.8% and other options came in at 10.6%, according to the report.



Netflix highlighted its strong lineup of content in the fourth quarter helping subscriber growth. That lineup included NFL games on Christmas, a second season of "Squid Game" and a record-breaking boxing match between Jake Paul and Mike Tyson.



The streaming company highlighted its 2025 content slate including new seasons of "Squid Game," "Stranger Things" and "Wednesday." The company will also have several live streamed events again including at least one NFL game on Christmas along with its WWE partnership that kicked off in January.



Netflix's commanding market share and encroachment into traditional media has been going on for years and could continue well into the future.



NFLX Price Action: Netflix stock is up 10% to $959.38 on Wednesday versus a 52-week trading range of $481.40 to $999.00. The stock hit new all-time highs on Wednesday and shares traded over $1,000 in the premarket session. Netflix stock is now up 98% over the last year.



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Photo: Shutterstock

Education

AAPL

FOXA

GOOG

GOOGL

PARAA

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Netflix Worth More Than Disney, Paramount, Comcast, Fox Combined

Alcoa Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) reported its fourth-quarter financial results after Wednesday's closing bell. Here's a look at the key <a href="https://www.benzinga.com/pressreleases/25/01/b43144306/alcoa-corporation-reports-fourth-quarter-and-full-year-2024-results">figures from the quarter. </a>



The Details: Alcoa reported quarterly earnings of $1.04 per share, which beat the analyst consensus estimate of 97 cents. Quarterly revenue clocked in at $3.48 billion, which beat the analyst consensus estimate of $3.33 billion and is an increase over sales of $2.59 billion from the same period last year.



Alumina production decreased two percent sequentially to 2.39 million metric tons. In the Aluminum segment, production increased two percent sequentially to 571,000 metric tons primarily due to continued progress on the Alumar, Brazil smelter restart.



In the Alumina segment, third-party revenue increased 46% due to an increase in average realized third-party price and higher shipments. In the Aluminum segment, third-party revenue increased 5% due to an increase in average realized third-party price.



Read Next: <a href="https://www.benzinga.com/news/large-cap/25/01/43106379/trump-reverses-bidens-ai-policies-on-day-1-what-it-means-for-tech-giants-nvidia-amd-alphabet">Trump Reverses Biden&#8217;s AI Policies On Day 1: What It Means For Tech Giants Nvidia, AMD, Alphabet&nbsp;</a>



&#8220;Reflecting on 2024, it was a productive year for Alcoa as we delivered on strategic actions and operational improvements, including closing the acquisition of Alumina Limited, announcing the sale of our interest in the Ma&#8217;aden joint ventures, hitting production records and improving operational stability,&#8221; said Alcoa president and CEO William F. Oplinger.&nbsp;



Outlook:&nbsp;Alcoa said it expects 2025 total Alumina segment production to range between 9.5 to 9.7 million metric tons, a decrease from 2024 due to the curtailment of the Kwinana refinery.



Alcoa expects 2025 total Aluminum segment production to range between 2.3 and 2.5 million metric tons, an increase from 2024 due to smelter restarts. 



AA Price Action: According to data from <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, Alcoa shares are up 0.41% after-hours at $38.94 Wednesday. 



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Photo: Shutterstock

Commodities

Global

Alcoa Shares Climb After Better-Than-Expected Q4 Results

The first U.S. based exchange-traded fund turns 32 years old today and is one of the most<a href="https://www.benzinga.com/etfs"> popular ETFs today.</a>



Here's a look at the history of the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and how much an investment at launch would be worth today. What Happened: Launched with seed funding of $6.5 million, the SPDR S&amp;P 500 ETF Trust<a href="https://www.benzinga.com/news/23/01/30529288/worlds-first-etf-turns-30-heres-how-much-money-youd-have-if-you-invested-1-000-when-it-launched" target="_blank" rel="noreferrer noopener"> became the first U.S. ETF </a>on Jan. 22, 1993.



The ETF was approved by the U.S. Securities and Exchange Commission several years after&nbsp;State Street Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>)&nbsp;applied for the fund.



Initial interest in the ETF was poor and the fund was almost closed before investors came around to the idea of using ETFs as investment vehicles.



The success of the SPY ETF led to other financial institutions launching similar ETFs that track the S&amp;P 500 Index, one of the largest and most well-known stock market indexes.



The&nbsp;iShares Core S&amp;P 500 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>)&nbsp;and&nbsp;Vanguard S&amp;P 500 Index Fund ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>)&nbsp;launched in 2000 and 2010, respectively.



Today, the three ETFs that track the S&amp;P 500 are the largest in the world according to&nbsp;<a href="https://etfdb.com/compare/market-cap/" target="_blank" rel="noreferrer noopener">ETFDB&nbsp;</a>with the following assets under management:



<ul>
<li>SPY:&nbsp;$623.5 million</li>



<li>VOO: $603.1 million</li>



<li>IVV: $594.2 million</li>
</ul>



After posting its worst one-year performance in more than a decade for the 2022 year, the S&amp;P 500 Index, which features 500 leading U.S. publicly traded companies, with a primary emphasis on market capitalization, saw outperformance in 2023, ending the year up over 20% and riding a streak of winning weeks. The ETF followed up the rebound with a 24.9% gain in 2024.



In 2024, the S&amp;P 500 <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42678368/sp-500-hits-57-all-time-highs-in-record-breaking-2024-magnificent-7-drive-30-of-nasdaqs-surge">reached new all-time highs </a>on numerous occasions, boosted by soaring valuations for technology stocks.



Here are the current top&nbsp;<a href="https://www.ssga.com/us/en/institutional/etfs/funds/spdr-sp-500-etf-trust-spy" target="_blank" rel="noreferrer noopener">holdings&nbsp;</a>of the SPDR S&amp;P 500 ETF at the time of writing:



<ol>
<li>Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): 6.7%</li>



<li>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>): 6.6%</li>



<li>Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): 6.2%</li>



<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): 4.2%</li>



<li>Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): 2.6%</li>



<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): 2.3%</li>



<li>Alphabet Inc Class A (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>): 2.3%</li>



<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>): 2.2%</li>



<li>Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>): 1.9%</li>



<li>Berkshire Hathaway Class B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>): 1.7%</li>
</ol>



Read Also: <a href="https://www.benzinga.com/25/01/43059744/exclusive-can-sp-500-repeat-large-gains-from-donald-trumps-first-term-a-second-time-around-readers-say-this-return-range-most-likely">EXCLUSIVE: Can S&amp;P 500 Repeat Large Gains From Donald Trump&#8217;s First Term A Second Time Around? Readers Say This Return Range Most Likely</a>



Investing $1,000 in SPY Stock:&nbsp;While the idea of ETFs was new at the time, investors who followed State Street into the idea of a new investment vehicle to track the S&amp;P 500 would have been pleasantly rewarded.



The SPDR S&amp;P 500 ETF traded at around $43.61 in its first days of trading. A $1,000 investment could have purchased 22.93 shares at the time.



The $1,000 investment would be worth $13,930.20 today based on a price of $607.51 for the SPY at the time of writing. This represents a hypothetical return of $1,293.0% over the past 32 years.



Investors who bought the SPY on Jan. 22, 1993, based on a price of $25.02 adjusted for dividends would have an even larger return. The SPY has an adjusted price of $25.02 when adjusted for dividends, which means a $1,000 investment could have purchased 39.97 shares.



The $1,000 investment would be worth $24,282.17 today. This represents a hypothetical return of 2,328.2% over the past 32 years.



Read Next: 



<ul>
<li><a href="http://= https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43041374/exclusive-how-high-will-sp-500-go-under-donald-trump-in-2025-readers-are-optimistic-26-say-this">EXCLUSIVE: How High Will S&amp;P 500 Go Under Donald Trump In 2025? Readers Are Optimistic, 26% Say This…</a></li>
</ul>



This article was previously published by Benzinga and has been updated.



Image: Shutterstock

AVGO

Happy Birthday S&P 500 SPY ETF! If You Invested $1,000 In SPY At Launch, Here's How Much You'd Have Today

With <a href="https://www.benzinga.com/topic/interest-rates">ultra-low interest rates</a> firmly in the rearview mirror, Jeff Weniger, Head of Equity Strategy at WisdomTree, has a clear message for investors: &#8220;Anything in the high-4s on a 10-year Treasury rate puts the S&amp;P 500's earnings yield at a level where it either barely exceeds or does not exceed the risk-free yield.&#8221;



In other words, it&#8217;s time to rethink the Growth vs. Value debate.



In an exclusive interview with Benzinga, Weniger said that investors in the "higher for longer" camp should focus on Value stocks. ETFs such as the Vanguard Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTV#NYSE">VTV</a>), the SPDR Select Sector Fund &#8211; Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), the Vanguard Small-Cap Value ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VBR#NYSE">VBR</a>) and the iShares Select Dividend ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DVY#NASDAQ">DVY</a>) provide exposure to value equity in the U.S.



Read Also: <a href="https://www.benzinga.com/25/01/43059744/exclusive-can-sp-500-repeat-large-gains-from-donald-trumps-first-term-a-second-time-around-readers-say-this-return-range-most-likely" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Can S&amp;P 500 Repeat Large Gains From Donald Trump&#8217;s First Term A Second Time Around? Readers Say This Return Range Most Likely</a>



As rates rise, the yields on Treasury bonds become more competitive with stock market earnings, making growth stocks, which have long outperformed, much less attractive. In such a scenario, investors in growth-focused ETFs such as the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) and the Vanguard Growth ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VUG#NYSE">VUG</a>) should remain wary of their holdings.



"In that scenario, which is a live one, investors need to reassess the more speculative portions of their portfolio," he said.



<h2 class="wp-block-heading">Tariff Tension &amp; Its Surprising Impact</h2>



While tariffs continue to be a topic of concern, Weniger suggests that much of this risk is already baked into the market. &#8220;Tariff risk is one of the most priced-in risks we have seen for some time,&#8221; he explained.



Reshoring efforts, which began during the pandemic, are unlikely to be significantly affected by new tariffs. So, if you&#8217;re expecting a major tariff shock to upend the market, Weniger believes the impact may be much smaller than anticipated.



<h2 class="wp-block-heading">Inflation's Hidden Risks: Housing Edition</h2>



Beyond energy prices, Weniger identifies a potentially overlooked inflation risk: housing. &#8220;The market needs to contend with the very real arithmetic of Owners Equivalent Rent in the CPI calculation,&#8221; he said.



Even if home prices stagnate or fall, the inflated housing costs will continue to push the CPI higher.



<h2 class="wp-block-heading">Navigating Market Sentiment</h2>



With macro uncertainties looming, Weniger advises investors to manage their risk carefully. &#8220;Sentiment is arguably bubbly in certain pockets of U.S. markets and downright moribund in others,&#8221; he adds, suggesting that international stocks might be a safer bet while scaling back exposure to U.S. equities in the current volatile climate.



The Vanguard FTSE Developed Markets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VEA#NYSE">VEA</a>), the iShares Core MSCI EAFE ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/IEFA#BATS">IEFA</a>) and the WisdomTree International Hedged Quality Dividend Growth Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IHDG#NYSE">IHDG</a>) provide exposure to international equity.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/43083803/market-bets-on-trumps-tariff-announcement-plummet-dollar-falls-whats-going-on">Market Bets On Trump&#8217;s Tariff Announcement Plummet, Dollar Falls: What&#8217;s Going On?</a></li>
</ul>



Image created using artificial intelligenc via Midjourney.

Long Ideas

Exclusives

Interview

IEFA

IHDG

EXCLUSIVE: 'Higher For Longer' Interest Rates Shift Investors To Value, Tariff Fears Overstated, Says WisdomTree Expert

Cryptocurrency markets are trading lower on Wednesday as investors await Donald Trump's executive orders on crypto and his <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43135463/strategic-bitcoin-reserve-probability-up-to-64-despite-trump-silence-on-crypto">announcement regarding a strategic Bitcoin reserve</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>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>&nbsp;$104,661.95</td><td>-2.3%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>&nbsp;$3,266.86&nbsp;</td><td>-2%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>&nbsp;$266.11</td><td>+5.4%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>&nbsp;$3.24</td><td>+1.4%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.3614</td><td>-5.9%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00002042</td><td>-2.8%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume decreasing by 9.6% and daily active addresses up by 1.95%. Transactions greater than $100,000 are down from 16,250 to 13,808 in a single day. Exchanges netflows are down by 307.6%.</li>



<li>Coinglass data reports 88,536 traders were liquidated in the past 24 hours for $161.09 million.</li>



<li>Arkham Intelligence data shows Blackrock purchased $600 million of BTC, marking its third largest purchase this year.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43135463/strategic-bitcoin-reserve-probability-up-to-64-despite-trump-silence-on-crypto">Strategic Bitcoin Reserve Probability Up To 64% Despite Trump Silence On Crypto</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43136512/bitcoin-is-no-threat-to-the-us-dollar-goldman-sachs-ceo-says">Bitcoin Is No &#8216;Threat&#8217; To The US Dollar, Goldman Sachs CEO Says</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43119637/michael-saylors-proposal-to-increase-microstratagys-share-count-approved-by-shareholders-more-bitcoin-purchases-on-the-cards">Michael Saylor&#8217;s Proposal To Increase MicroStratagy&#8217;s Share Count Approved By Shareholders — More Bitcoin Purchases On The Cards?</a></li>



<li><a href="https://www.benzinga.com/top-stories/25/01/43110946/sec-launches-crypto-task-force-to-establish-clear-regulatory-framework">SEC Launches Crypto Task Force To Establish Clear Regulatory Framework</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43119210/bitcoin-miners-helped-texas-avoid-18-billion-energy-costs-report">Bitcoin Miners Helped Texas Avoid $18 Billion Energy Costs: Report</a></li>
</ul>



Top Gainers:



<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>Gains +/-</td></tr><tr><td>Worldcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WLD</a>)</td><td>&nbsp;$2.34</td><td>+12.7%</td></tr><tr><td>Raydium (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">RAY</a>)</td><td>&nbsp;$8.19</td><td>+7.1%</td></tr><tr><td>Pudgy Penguins (CRYPTO: PENGU)</td><td>&nbsp;$0.02578</td><td>+6.4%</td></tr></tbody></table></figure>



Trader Notes: Crypto trader Flow Horse emphasized that BlackRock itself hasn&#8217;t purchased Bitcoin; its clients did through the ETF. 



He <a href="https://x.com/TheFlowHorse/status/1882139638568976882">warned</a> that the bullish sentiment could be misleading and noted that spikes in trading volume, including multiples of an ETF&#8217;s average daily volume, often indicate short-term market tops.



Altcoin Sherpa <a href="https://x.com/AltcoinSherpa/status/1882143599141573049">expressed</a> optimism, suggesting a &#8220;Bitcoin god candle&#8221; is imminent, advising traders to focus on the upward potential. 



Technical analyst Kevin described the market as stagnant, with liquidity concentrated between $96,000 and $111,000. 



He highlighted the nearly three months of sideways trading after a brief rally, following eight months of stagnation in late 2024.



<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">Big blocks of liquidity all the way from 96K-111K. That's the current range we're. Beyond that nothing much to update. Market still pretty boring now for close to 3 months. Crazy because we traded sideways for 8 months to end 2024 then we went up for one month and now we have… <a href="https://t.co/jYTMbOCnfd">pic.twitter.com/jYTMbOCnfd</a>&mdash; Kevin (@Kev_Capital_TA) <a href="https://twitter.com/Kev_Capital_TA/status/1882143081367273650?ref_src=twsrc%5Etfw">January 22, 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/1882146940500287573">clarified</a> that his high-timeframe BTC chart illustrates market structure rather than precise timing or price levels. 



He identified two key support zones: the current level and $88,000-$95,000.



If these fail, BTC could drop to the mid-$80,000 or even $70,000 range, but the larger bullish structure remains intact as long as the $58,000 higher low holds



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43123173/3-reasons-why-bitcoin-could-hit-122000-soon-10x-research">3 Reasons Why Bitcoin Could Hit $122,000 Soon: 10x Research</a></li>
</ul>



Image: Shutterstock

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$SOL

$XRP

Bitcoin, Ethereum, XRP, Dogecoin Reel Downwards, But Trader Hints At 'Bitcoin God Candle Loading'

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