abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (ARCA: BCIM)

Latest news for abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (ARCA:BCIM)

abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF

The Fund employs a passive management or indexing investment approach designed to track the performance of the Index. The Fund operates as an index fund and is not actively managed.

News

Federal Reserve

Markets

Tech

Trading Ideas

ETFs

AAPL

ALUM

AMZN

ASML

BCIM

CPER

GOOGL

INTC

MAGQ

MSFT

NVDA

SARK

TSLA

Last week witnessed the largest collective loss for the &#34;Magnificent Seven&#34; technology-related stocks, with a total of $950 billion erased from their market capitalizations, as quoted on MarketWatch. This figure surpasses the previous record loss of $872 billion in January 2022.

ETF Winners Amid Last Week&#39;s Record Loss in &#34;Magnificent 7&#34;

Jensen Huang, CEO of&nbsp;Nvidia Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), addressed investor concerns regarding the necessity of massive AI infrastructure spending during a virtual event uploaded on Thursday. 
What Happened: Huang addressed the DeepSeek-led sell-off of the Nvidia shares and said, that investors misinterpreted the DeepSeek&#8217;s AI advancements. The pre-recorded event, produced by Nvidia partner DDN, was part of the launch of DDN&#8217;s new software platform, Inifinia.
The major reason for the sell-off was due to investors questioning the need for massive AI infrastructure expenditure by Big Tech firms, particularly&nbsp;if models can be trained with lesser computing power. This is a result of DeepSeek&#8217;s advancements in AI, which investors may have misunderstood, triggering a significant market reaction.
The Nvidia Chief clarified that the industry still demands significant computing power for post-training methods, which enable AI models to generate predictions or reach conclusions after training. He emphasized that as these methods diversify and expand, the demand for Nvidia&#8217;s computing power will also increase.
<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="
</iframe></div></figure>

Nvidia Stock Had A Bad Week After DeepSeek Unveiled Its New Model In January—Now CEO Jensen Huang Says Investors Are Misreading AI's Future Impact: 'Obviously, That Paradigm Is Wrong'

President Donald Trump and Tesla Inc. CEO Elon Musk have reignited decades-old discussions about the U.S. government&#8217;s gold holdings at Fort Knox, as the precious metal&#8217;s prices reach historic highs above $2,940 per ounce.
What Happened: Musk initiated the conversation on social media Saturday, questioning the status of the gold reserves and calling for a &#8220;live video walkthrough&#8221; of the facility. Trump escalated the matter Wednesday, announcing plans to inspect the fortress-like depository. 
&#8220;We hope everything&#8217;s fine with Fort Knox, but we&#8217;re going to go to Fort Knox&#8230;to make sure the gold is there,&#8221; Trump said, adding, &#8220;If the gold isn&#8217;t there, we&#8217;re going to be very upset.&#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">.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>: &quot;We&#39;re going to go to Fort Knox — the fabled Fort Knox — to make sure the gold is there.&quot; <a href="https://t.co/nFKlTDGXaO">pic.twitter.com/nFKlTDGXaO</a>
&mdash; Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1892420940220313900?ref_src=twsrc%5Etfw">February 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The U.S. Bullion Depository at Fort Knox currently holds 147.3 million troy ounces of gold, representing approximately 59% of the Treasury&#8217;s total reserves, according <a href="https://www.usmint.gov/learn/tours-and-locations/fort-knox?srsltid=AfmBOorAKfMwGFU3cNWbLEtFSJ31roUnftZ9i27yKhJKN5E3djpNF2s3#accordion-d08d17b2a7-item-13f72f12ff">to</a> the U.S. Mint. At current market prices, these holdings are valued at approximately $434 billion.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43872745/bitcoin-breaches-98k-ethereum-dogecoin-flat-as-sec-relaxes-crypto-enforcement-top-analysts-are-focused-on-this-level-for-a-potential-btc-upside">Bitcoin Breaches $98K, Ethereum, Dogecoin Flat As SEC Relaxes Crypto Enforcement: Top Analysts Are Focused On This Level For A Potential BTC Upside</a>
Why It Matters: The renewed interest in Fort Knox comes amid a broader surge in gold prices, driven by geopolitical tensions and economic uncertainty. Goldman Sachs recently raised its <a href="https://www.benzinga.com/etfs/specialty-etfs/25/02/43858757/bullion-boom-gold-etfs-gain-as-geopolitical-storm-fuels-surge">year-end gold target</a> to $3,100 per ounce, citing increased central bank purchasing activity.
The U.S. maintains the world&#8217;s largest government gold reserves, with 8,133 metric tons – more than double Germany&#8217;s holdings, according <a href="https://www.gold.org/goldhub/data/how-much-gold">to</a> the World Gold Council. The Kentucky facility, constructed in the 1930s, was strategically located inland to protect against potential foreign attacks during World War II.
Treasury Secretary Scott Bessent recently dismissed speculation about revaluing the nation&#8217;s gold holdings, stating that &#8220;all the gold is there&#8221; and extending an <a href="https://www.benzinga.com/etfs/specialty-etfs/25/02/43858757/bullion-boom-gold-etfs-gain-as-geopolitical-storm-fuels-surge">open invitation to senators for verification</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/asia/25/02/43872677/alibaba-cfo-toby-xu-touts-5-drop-in-share-count-thanks-to-aggressive-buybacks-as-jack-ma-founded-company-basks-in-stellar-q3-results">Alibaba CFO Toby Xu Touts 5% Drop In Share Count Thanks To Aggressive Buybacks As Jack Ma-Founded Company Basks In Stellar Q3 Results</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.

Commodities

Trump Plans Fort Knox Gold Inspection As Prices Soar Past $2,940: 'If The Gold Isn't There...'

SpaceX CEO Elon Musk on Thursday said that preparations must start already for deorbiting the International Space Station (ISS), ahead of the timeline decided by space agency NASA. 
What Happened: &#8220;It has served its purpose. There is very little incremental utility,&#8221; Musk said in a post on X, formerly Twitter. &#8220;Let&#8217;s go to Mars,&#8221; the billionaire said, calling for a human-operated base on Mars instead of the low Earth orbit. 
<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">It is time to begin preparations for deorbiting the <a href="https://twitter.com/Space_Station?ref_src=twsrc%5Etfw">@Space_Station</a>. It has served its purpose. There is very little incremental utility. Let's go to Mars.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1892621691060093254?ref_src=twsrc%5Etfw">February 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;The decision is up to the President, but my recommendation is as soon as possible,&#8221; Musk said while also recommending that the station be deorbited two years from now, or in 2027. 
<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 decision is up to the President, but my recommendation is as soon as possible. I recommend 2 years from now.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1892627928921329862?ref_src=twsrc%5Etfw">February 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Current Plans For ISS: The ISS&nbsp;is operated by space agencies from the U.S., Europe, Japan, Canada, and Russia. All countries except Russia have committed to operating the station until 2030.&nbsp;The station has spent about 25 years in orbit and over 270 astronauts have visited it to date. 
NASA&nbsp;<a href="https://www.benzinga.com/news/24/07/39574766/spacex-overtakes-ula-in-military-space-missions-as-vulcan-centaur-rocket-experiences-delays" target="_blank" rel="noreferrer noopener">chose SpaceX</a>&nbsp;to develop and deliver the U.S. Deorbit vehicle (USDV) to deorbit the space station and ensure a lack of risk to populated areas in late June. SpaceX will develop the deorbit spacecraft under the contract valued at $843 million and NASA will take ownership afterward and operate it through the mission. 
The space agency previously said that the deorbit spacecraft would move the station out of orbit and into a remote area of an ocean at the end of its operations around 2030.
Both the spacecraft and the station are expected to break up through the process of re-entry into Earth's atmosphere. Any remnants will subsequently fall harmlessly into the ocean as part of the plan. 
Musk&#8217;s Mars Vision: Musk has often talked about landing humans on the surface of Earth&#8217;s <a href="https://www.benzinga.com/news/24/06/39521319/elon-musk-envisions-building-space-station-on-moon-after-spacex-bags-nasa-contract-to-build-iss-deor">neighboring planet Mars</a>. SpaceX&#8217;s Starship launch vehicle, with which he intends to accomplish the dream, is in the testing and development phase. 
Musk last year said that the first Starships will&nbsp;<a href="https://www.benzinga.com/news/24/07/39567836/spacex-ceo-elon-musk-picks-terminus-for-mars-first-starship-enabled-city-after-just-4-test-flights" target="_blank" rel="noreferrer noopener">head to Mars in two years</a>&nbsp;once the next Earth-Mars transfer window opens.
The first launches to Mars in 2026, Musk then said, will not have a crew onboard and will be aimed at testing the flight&#8217;s ability to land intact on Mars.
&#8220;If those landings go well, then the first crewed flights to Mars will be in 4 years,&#8221; Musk wrote, pegging the first crewed Starship flights to the neighboring planet for 2028.
According to the billionaire, humans stand a risk of extinction on Earth due to risks like nuclear war or natural annihilation.
"Having two planets means that all our eggs are not in one basket. From there, we can extend to other star systems," Musk said <a href="https://www.benzinga.com/general/space/25/02/43840887/spacex-ceo-elon-musk-says-making-mars-self-sustaining-will-take-up-to-half-a-century-will-require-10-earth-mars-transfer-windows">earlier this week.</a>
Check out more of Benzinga'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/general/space/25/02/43874743/elon-musks-spacex-starships-8th-test-flight-could-launch-as-early-as-feb-26">Elon Musk-Led SpaceX Likely To Undertake Starship&#8217;s 8th Test Flight On Feb 26: Here&#8217;s What We Know</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

SpaceX CEO Elon Musk Calls For Deorbiting Space Station Ahead Of Timeline In 2027: 'Let's Go To Mars'

Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) will release its fourth-quarter financial results, before the <a href="https://www.benzinga.com/quote/vips/earnings">opening bell, on Friday, Feb. 21, 2025.</a>
Analysts expect the Boston, Massachusetts-based company to report quarterly earnings at $5.39 cents per share, down from $5.79 per share in the year-ago period. Vipshop projects quarterly revenue of $32.07 billion, compared to $34.67 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Nov. 19, Vipshop reported third-quarter sales of $2.95 billion, down by 9.2% year-on-year, which topped the Wall Street view of $2.91 billion.
Vipshop shares fell 0.3% to close at $14.53 on Thursday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/vips/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Citigroup analyst Alicia Yap maintained a Buy rating and cut the price target from $18 to $17 on Nov. 20, 2024. This analyst has an accuracy rate of 60%.</li>
<li>Benchmark analyst Fawne Jiang reiterated a Hold rating on Nov. 20, 2024. This analyst has an accuracy rate of 72%.</li>
<li>Barclays analyst Jiong Shao initiated coverage on the stock with an Overweight rating and a price target of $19 on Nov. 6, 2024. This analyst has an accuracy rate of 70%.</li>
</ul>
Considering buying VIPS stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="584" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21034647/image-176-1024x584.png" alt="" class="wp-image-792595" style="width:584px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21034647/image-176-1024x584.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21034647/image-176-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21034647/image-176-768x438.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21034647/image-176.png 1106w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43864993/top-3-health-care-stocks-you-may-want-to-dump-in-february">Top 3 Health Care Stocks You May Want To Dump In February</a></li>
</ul>

Earnings

VIPS

Vipshop Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Thursday.
U.S. stocks settled lower on Thursday, with the Dow Jones index falling around 450 points during the session.
Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) shares fell around 6.5% on Thursday following the release of quarterly results. Walmart said it sees first-quarter FY26 sales growth of 3% – 4% in CC and adjusted EPS of $0.57 – $0.58 against an estimate of $0.64. For FY26 Walmart expects sales to grow 3% – 4% in CC and an adjusted EPS of $2.50 – $2.60, below the $2.76 estimate.
On the economic data front, initial jobless claims increased by 5,000 from the prior week to 219,000 in the week ending Feb. 15, versus estimates of 215,000. The Philadelphia Fed Manufacturing Index fell to 18.1 in February from 44.3 in the previous month
Most sectors on the S&amp;P 500 closed on a negative note, with financial, consumer discretionary and consumer staples stocks recording losses on Thursday. However, energy and real estate stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by over 450 points to 44,176.65 on Thursday. The S&amp;P 500 fell 0.43% to 6,117.52, while the Nasdaq Composite fell 0.47% at 19,962.36 during Thursday's session.
Investors are awaiting earnings results from Telephone and Data Systems, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>), United States Cellular Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>), and Brady Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 45.1, the index remained in the &#8220;Neutral&#8221; zone on Thursday, versus a prior reading of 46.7.
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/25/02/43864993/top-3-health-care-stocks-you-may-want-to-dump-in-february">Top 3 Health Care Stocks You May Want To Dump In February</a></li>
</ul>
Photo courtesy: Shutterstock

Pre-Market Outlook

Dow Tumbles 450 Points As Walmart Shares Plunge: Investor Sentiment Declines, Fear & Greed Index In 'Neutral' Zone

Macro Economic Events

Econ #s

Economics

Germany Services Purchasing Managers Index Preliminary For February 52.2 Vs. 52.4 Est.; 52.5 Prior

Germany Manufacturing Purchasing Managers Index Preliminary For February 46.1 Vs. 45.4 Est.; 45.0 Prior

<h3>Companies Reporting Before The Bell</h3>
• Brady (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) is estimated to report quarterly earnings at $1.03 per share on revenue of $359.20 million. 
• SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) is projected to report quarterly earnings at $0.20 per share on revenue of $361.90 million. 
• Atmus Filtration Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATMU#NYSE">ATMU</a>) is likely to report quarterly earnings at $0.53 per share on revenue of $399.24 million. 
• AdvanSix (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASIX#NYSE">ASIX</a>) is expected to report quarterly loss at $0.37 per share on revenue of $377.15 million. 
• Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $4.42 billion. 
• Arbor Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABR#NYSE">ABR</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $86.28 million. 
• Oil States International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) is expected to report quarterly earnings at $0.05 per share on revenue of $173.33 million. 
• United States Cellular (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) is estimated to report quarterly earnings at $1.70 per share on revenue of $964.70 million. 
• Telephone and Data (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>) is likely to report quarterly loss at $0.23 per share on revenue of $1.26 billion. 
• Balchem (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCPC#NASDAQ">BCPC</a>) is projected to report quarterly earnings at $1.11 per share on revenue of $239.96 million. 
• Federal Agricultural (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGM#NYSE">AGM</a>) is expected to report quarterly earnings at $4.17 per share on revenue of $92.81 million. 
• Uniti Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UNIT#NASDAQ">UNIT</a>) is projected to report quarterly earnings at $0.33 per share on revenue of $295.37 million. 
• Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $215.79 million. 
• TXNM Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXNM#NYSE">TXNM</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $496.05 million. 
<h3>Companies Reporting After The Bell</h3>
• Hawaiian Electric Indus (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) is expected to report quarterly earnings at $0.34 per share on revenue of $1.16 billion. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ASIX

ATMU

BCPC

TXNM

UNIT

Earnings Scheduled For February 21, 2025

As the precious metal nears the $3000 per ounce mark, all focus shifts to gold. As this expert highlights that the yellow metal is a portfolio &#8220;essential,&#8221; he adds that &#8220;fiscal dominance&#8221; could be a trigger for its divergence from inverse correlation with real yields.
What Happened: Despite trading flat at $2,930.62 per ounce, down 0.31% as of the publication of this article, gold has been testing the $3,000 level after hitting fresh records.
The metal&#8217;s 52-week range lies between $2,015.55 and the latest record high of $2,954.97.
Gold has given similar returns to the S&amp;P 500 index since 2020 while having a lower volatility, explains Jurrien Timmer, the director of global macro at Fidelity Investments. &#8220;Gold remains an essential component of a diversified portfolio in a regime in which bonds might remain impaired,&#8221; he 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">Gold has been a big winner for the past few years, keeping up and even beating equities. It's quite a performance for an asset that often gets lamented for not providing a cash flow. Since 2020, gold has produced almost the same return as the S&amp;P 500 while having a lower… <a href="https://t.co/khS02bvDbJ">pic.twitter.com/khS02bvDbJ</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1892606891789811996?ref_src=twsrc%5Etfw">February 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Timmer also noted gold&#8217;s traditional inverse correlation with real yields has broken down recently. He said that likely due to &#8220;fiscal dominance&#8221; and geopolitical factors like central bank gold purchases.
<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">Gold is now testing the $3,000 level as the global money supply is perking up again and real yields are coming down. Valuing gold has been a challenge these past few years, breaking their age old pattern of mimicking the inverse of real yields. The chart below shows a steady… <a href="https://t.co/MWYi5TV6Wa">pic.twitter.com/MWYi5TV6Wa</a>
&mdash; Jurrien Timmer (@TimmerFidelity) <a href="https://twitter.com/TimmerFidelity/status/1892632560163029319?ref_src=twsrc%5Etfw">February 20, 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/25/02/43839198/reduce-deficits-and-debt-full-stop-says-this-economist-as-trump-mulls-doge-dividend-by-giving-away-20-of-its-savings-to-public">&#8216;Reduce Deficits And Debt… Full Stop,&#8217; Says Craig Shapiro As Trump Mulls &#8216;DOGE Dividend&#8217; By Giving Away 20% Of Its Savings To Public</a>
Why It Matters: Meanwhile, during the ongoing four-day 2025 Conservative Political Action Conference, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk addressed the gold at Fort Knox and said, &#8220;It&#8217;s the public&#8217;s gold. It&#8217;s your gold. I think you have a right to see it.&#8221;
<a href="https://www.benzinga.com/25/02/43847433/trump-approval-rating-declines-in-february-unpopular-domestic-and-foreign-policy-ideas">President</a> Donald Trump added during his speech, &#8220;We&#8217;re going to open the doors and inspect Fort Knox,&#8221; He continued, &#8220;I don&#8217;t want to open it and find the cupboards are empty,&#8221;
According to Treasury Secretary Scott Bessent, an audit is conducted annually and confirms that all the gold is accounted for and present, <a href="https://apnews.com/article/fort-knox-gold-reserves-elon-musk-338bebb56885c142feaa0ff383c9ba37">reported</a> AP. 
Since 1937, Fort Knox has secured U.S. gold. It now also functions as the Army&#8217;s human resources command and the site of its largest yearly training.
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell on Thursday. SPY was 0.42% lower at $610.38, and QQQ was also down 0.42% to $537.23, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43844926/quantum-computing-stocks-rgti-qubt-ionq-qbts-cheer-microsofts-majorana-1-launch-satya-nadella-calls-it-a-physics-and-fabrication-breakthrough">Quantum Computing Stocks RGTI, QUBT, IONQ, QBTS Cheer Microsoft&#8217;s &#8216;Majorana 1&#8217; Launch: Satya Nadella Calls It A &#8216;Physics And Fabrication Breakthrough&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Government

Politics

Treasuries

Analyst Ratings

Gold Is An 'Essential Component' Of Portfolio, Says Expert As It Nears $3000 While Trump, Musk Suggest Fort Knox Inspection Amid The Surge

France Services Purchasing Managers Index Preliminary For February 44.5 Vs. 48.8 Est.; 48.2 Prior

France Manufacturing Purchasing Managers Index Preliminary For February 45.5 Vs. 45.3 Est.; 45.0 Prior

With U.S. stock futures trading mixed this morning on Friday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Telephone and Data Systems Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDS#NYSE">TDS</a>) to report a quarterly loss at 28 cents per share on revenue of $1.25 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Telephone and Data shares gained 0.9% to $40.00 in after-hours trading.</li>
<li>Analysts expect United States Cellular Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USM#NYSE">USM</a>) to post a quarterly loss at 5 cents per share on revenue of $965.87 million. The company will release earnings after the markets close. United States Cellular shares gained 1.4% to $68.00 in after-hours trading.</li>
<li>Dropbox Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBX#NASDAQ">DBX</a>) reported better-than-expected earnings for its fourth quarter after Thursday&#8217;s closing bell. Total ARR was $2.574 billion, an increase of 2% from the same period last year. Total ARR decreased by $4.8 million quarter-over-quarter. Dropbox shares dipped 9% to $29.00 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Before the markets open, Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) is projected to report quarterly earnings at 82 cents per share on revenue of $4.77 billion. Vipshop shares gained 1.8% to $14.79 in after-hours trading.</li>
<li>Analysts expect Brady Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRC#NYSE">BRC</a>) to post quarterly earnings at $1.03 per share on revenue of $359.11 million before the opening bell. Brady shares gained 1.9% to $76.01 in after-hours trading.</li>
</ul>
Check This Out:<a href="https://www.benzinga.com/25/02/43864993/top-3-health-care-stocks-you-may-want-to-dump-in-february"> </a>
<ul>
<li><a href="https://www.benzinga.com/25/02/43864993/top-3-health-care-stocks-you-may-want-to-dump-in-february">Top 3 Health Care Stocks You May Want To Dump In February</a></li>
</ul>
Photo courtesy: Shutterstock

Dropbox, Telephone and Data Systems And 3 Stocks To Watch Heading Into Friday

According to Airbus, the A321XLR burns 30% less fuel per seat than previous generation aircraft. Globally, 13 customers have selected GTF engines to power 217 A321XLR aircraft, with Wizz Air expected to be the first operator. To date, more than 2,200 GTF-powered aircraft have been delivered to over 80 customers worldwide. The next configuration of the engine, the GTF Advantage, is particularly well suited for the A321XLR, delivering higher take-off thrust and offering even better operating economics.

EADSF

European Aeronautic Defence And Space Unsponsored

EADSY

European Aviation Safety Agency Certifies Airbus A321XLR With Pratt & Whitney GTF Engines, Paving the Way For Entry Into Service

ValueAct Holdings, L.P. has initiated a significant position in Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), purchasing 536,900 shares worth approximately $119 million during the fourth quarter of 2024, according to a13F filing with the Securities and Exchange Commission on Feb. 14.
What Happened: The investment comes as Amazon continues to demonstrate strong market performance and strategic expansion. The e-commerce giant reported fourth-quarter net sales of $187.8 billion, representing a 10% year-over-year increase and exceeding analyst <a href="https://in.benzinga.com/25/02/43545590/amazoncom-q4-earnings-highlights-revenue-beat-eps-beat-most-successful-holiday-shopping-season-in-company-history">expectations of $187.3 billion</a>. 
The company&#8217;s AWS cloud division showed particularly robust growth, with revenues climbing 19% to $28.8 billion.
JPMorgan analyst Doug Anmuth recently named Amazon his &#8220;Best Idea&#8221; for 2025, projecting continued e-commerce acceleration. Despite a slight market share dip to 46.1% in the fourth quarter, Amazon maintains its dominant position in U.S. e-commerce, having delivered over 9 billion items within a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43847764/amazon-tightens-grip-e-commerce-accelerates-jpmorgans-best-idea-2025">single day in 2024</a>.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/02/43872745/bitcoin-breaches-98k-ethereum-dogecoin-flat-as-sec-relaxes-crypto-enforcement-top-analysts-are-focused-on-this-level-for-a-potential-btc-upside">Bitcoin Breaches $98K, Ethereum, Dogecoin Flat As SEC Relaxes Crypto Enforcement: Top Analysts Are Focused On This Level For A Potential BTC Upside</a>
Why It Matters: The company is also making strategic moves in entertainment, with Amazon MGM Studios recently gaining creative control over the James Bond franchise through a new joint venture with longtime producers Michael G. Wilson and Barbara Broccoli. This development prompted Amazon founder Jeff Bezos to engage with fans about potential casting choices for <a href="https://www.benzinga.com/25/02/43873122/james-bonds-future-now-in-amazons-handsand-jeff-bezos-wants-to-know-who-youd-pick-as-the-next-007">the next 007</a>.
ValueAct&#8217;s investment aligns with the firm&#8217;s history of backing <a href="https://in.benzinga.com/markets/equities/25/02/43518855/jeff-ubbens-valueact-bet-on-meta-visa-and-exited-spotify-in-q3-was-it-a-clever-move">technology and growth sectors</a>. Founded by Jeff Ubben in 2000, the San Francisco-based activist hedge fund has evolved beyond its founder&#8217;s influence since his departure, as noted in a 2020 Financial Times interview.
Wall Street maintains a bullish outlook on Amazon, with a <a href="https://www.benzinga.com/quote/AMZN/analyst-ratings">consensus price target</a> of $264.05 based on 43 analyst ratings. Recent price targets from Loop Capital, Citigroup, and Maxim Group average $279.33, indicating a potential 25.12% upside from the current price of $222.88.
<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21005225/Screenshot-2025-02-21-at-11.21.39%E2%80%AFAM.png" alt="" class="wp-image-792352" style="width:607px;height:auto" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43874037/alibaba-sees-ai-gold-rush-in-cloud-computing-not-open-and-closed-source-modelshints-monetization-lies-in-powering-ai-not-selling-it">Alibaba Says If Artificial Intelligence Is Like Electricity, Then Its Cloud Computing Network Is The Power Grid: The Money Is In Powering AI, Not Selling It</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.

Equities

Amazon Attracts $119 Million Investment From Activist Hedge Fund ValueAct: Analysts See 25% Upside — What Catalysts Drive Jeff Bezos' E-Commerce Giant?

Walmart Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>) reported a <a href="https://www.benzinga.com/news/earnings/25/02/43846469/walmart-q4-earnings-shine-but-soft-fy26-outlook-disappoints-street">strong quarter</a> amid a weaker 2026 forecast during its fourth-quarter earnings call. The company highlighted a surge in its artificial intelligence use cases to manage its inventory, supply chain, deliveries, and developer efficiency.
What Happened: The retail giant is accelerating its entire business with AI as highlighted by CEO Doug McMillon during Walmart&#8217;s earnings call. Beyond optimizing delivery routes and supply chain automation, Walmart is now using AI to tackle internal challenges and empower its tech teams.
Highlighting the inventory management initiatives, McMillan spoke about a new AI agent for its merchants which helps them to identify the &#8220;root cause of issues related&#8221; to out-of-stock or overstock situations with greater accuracy and speed.
Another internal use case for AI at Walmart has been for the developers. AI&#8217;s new coding assistance and completion tools are helping the firm streamline its deployments and &#8220;deliver code faster with fewer bugs,&#8221; added the CEO. &#8220;Last year, these tools helped us save about 4 million developer hours,&#8221; he said.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/02/43842413/pentagon-worry-for-palantir-pips-deepseek-concerns-for-nvidia-dan-ives-equates-incident-as-pltr-plunges-10-saying-its-not-a-headwind">Dan Ives Says Pentagon Budget Cuts Are Positive For Palantir As PLTR Plunges Over 10%: &#8216;Bears Trying To Poke Holes Yet Again&#8217;</a>
Why It Matters: Despite making strides with AI in the fourth quarter and full year of 2024, Walmart CFO John David Rainey said during the call that the management acknowledges the ongoing &#8220;<a href="https://www.benzinga.com/news/earnings/25/02/43869433/walmart-expects-slower-growth-in-an-uncertain-time-cfo-says-on-earnings-call">uncertain time</a>&#8220;.
The retailer expects fiscal 2026 revenue growth below 2025&#8217;s 5.1% increase at 3% to 4%, and earnings between $2.50 and $2.60 per share, below the $2.76 estimate.
For the <a href="https://www.benzinga.com/news/earnings/25/02/43846469/walmart-q4-earnings-shine-but-soft-fy26-outlook-disappoints-street">fourth quarter</a>, the retail giant posted revenue of $180.55 billion, a 4.1% increase year-over-year, surpassing analysts&#8217; predictions of $180.01 billion. Adjusted earnings per share also beat estimates, coming in at 66 cents compared to the anticipated 64 cents.
Price Action: WMT fell 6.53% on Thursday, contrasting with a 0.42% decline in the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500 index.
In after-hours Walmart rose 0.19% whereas SPY was up 0.0016%. WMT remains up 4.40% on a year-to-date basis and 22.76% over a year.
<a href="https://www.benzinga.com/quote/WMT/analyst-ratings">Benzinga tracks 30 analysts</a> with an average price target of $102.07 for the stock, reflecting a &#8220;buy&#8221; rating. Estimates range widely from $75 to $120. Recent ratings from Piper Sandler, Baird, and Barclays average $113.67, suggesting a potential 16.71% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/WMT/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="385" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21014046/WMT-ANR-new-1024x385.png" alt="" class="wp-image-792407" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21014046/WMT-ANR-new-1024x385.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21014046/WMT-ANR-new-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21014046/WMT-ANR-new-768x289.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/21014046/WMT-ANR-new.png 1063w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/02/43841233/carvanas-brain-sebastian-says-ceo-as-he-vows-aggressive-ai-initiatives-to-process-very-deep-data">Carvana&#8217;s Online Chatbot Sebastian &#8216;Represents The Brain We&#8217;re Building,&#8217; Says CEO As Used Car Retailer Posts 50% Sales Growth In Q4</a></li>
</ul>
Photo courtesy: Shutterstock

Walmart Expands AI Use Beyond Optimizing Delivery Routes, To Tackling Inventory Issues And Delivering Code Faster

U.K. Retail Sales (MoM) For January 1.7% Vs. 0.4% Est.; -0.6% (Revised) Prior

U.K. Retail Sales (YoY) For January 1.0% Vs. 0.6% Est.; 2.8% (Revised) Prior

U.K. Core Retail Sales (MoM) For January 2.1% Vs. 0.9% Est.; -0.9% (Revised) Prior

U.K. Core Retail Sales (YoY) For January 1.2% Vs. 0.5% Est.; 2.1% (Revised) Prior

Aspire Biopharma, Inc. entered into a definitive Securities Purchase Agreement (the "Agreement") on February 19, 2025, pursuant to which the Company issued to the Buyers a senior secured convertible debenture (the "Debenture"). The Debenture is only convertible in the event of a default or at the Company's discretion. The closing of the transaction is expected to occur on February 20, 2025 (the "Closing Date"). The transaction will result in gross proceeds to the Company of $3.0 million. Proceeds from the transaction will support the Company's general working capital and operating expenses

ASBP

Reported Earlier, Aspire Biopharma Enters $3M Senior Secured Convertible Debenture Agreement

Last week witnessed the largest collective loss for the &quot;Magnificent Seven&quot; technology-related stocks, with a total of $950 billion erased from their market capitalizations, as quoted on MarketWatch. This figure surpasses the previous record loss of $872 billion in January 2022.

High inflation, talks of higher-for-longer interest rates in the United States, flare-ups in geopolitical crisis and receding euphoria about AI investments weighed on risk-on trade sentiments. High-growth stocks were especially marred by a surge in interest rates.

Overall, the S&amp;P 500 lost 3.1%, the Dow Jones advanced 0.01% and the Nasdaq plummeted 5.5%, respectively. The benchmark U.S. treasury yield started the week at 4.63%, hit a closing high of 4.67% on Apr 16 and ended the week at 4.62%.

<h3>Individual Performances of Key Players of &quot;Magnificent Seven&quot;</h3>

&nbsp;&nbsp;&nbsp; Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): Leading the decline in percentage terms, Tesla&#39;s stock slumped by 14%, reducing its market cap by $76 billion and losing its ranking among the largest U.S. companies.

&nbsp;&nbsp;&nbsp; Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>): Experiencing the most significant absolute loss, Nvidia&#39;s market cap plunged nearly $300 billion due to a weekly stock drop of 13.6% and a historical single-day decline of 10% on Apr 19, 2024.

&nbsp;&nbsp;&nbsp; Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>): Both companies contributed significantly to the overall loss, with Apple shedding $178 billion and Microsoft $169 billion in market value.

&nbsp;&nbsp;&nbsp; Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>): Amazon lost $118 billion in market cap after a decline of 2.56% in its stock price.

&nbsp;&nbsp;&nbsp; Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>): Alphabet saw a reduction of $41 billion from its market valuation.

&nbsp;&nbsp;&nbsp; Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>): Meta&#39;s market cap fell by $68 billion during the week.

<h3>Semiconductor Market Crash</h3>

The semiconductor sector, particularly impacted by these losses, saw a broader &quot;unwind&quot; according to industry analysts, per a MarketWatch article. Nvidia&#39;s record losses indicate the intense pressure faced by chipmakers, suggesting the likelihood of a sustained downturn in the sector.

There was also ASML Holding&#39;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) &mdash; a world leader in the manufacture of advanced technology systems for the semiconductor industry &mdash; announcement of a steep decline in bookings during the first quarter, catching investors off guard last week.

The news was crucial for the chip industry as ASML&#39;s key customers include TSMC, Samsung and Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), the world&#39;s top processor foundries, which, in turn, make chips for AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Nvidia, Qualcomm and Apple, per CNBC.

<h3>Heightened Volatility in Wall Street</h3>

There was heightened volatility and uncertainty in the market due to concerns over high price inflation and potential shifts in Federal Reserve policy. There were stricter remarks from Atlanta Fed president Raphael Bostic that reinforced worries about interest rate cuts not happening until the end of the year. Bond yields rose accordingly and mortgage rates topped 7%.

<h3>Upbeat U.S. Retail Sales Data</h3>

U.S. retail sales were better than expected in March after returning to a growth trajectory in February. On Apr 15, the Department of Commerce reported that retail sales grew 0.7% month over month in March, well above the consensus estimate of 0.3%. Moreover, February&#39;s data was revised upward to an increase of 0.9% from 0.6% reported earlier.

Year over year, retail sales increased 3.6% in March. Core retail sales (excluding auto) grew 1.1% month over month in March, well above the consensus estimate of 0.5%. Moreover, February&#39;s data was revised upward to an increase of 0.6% from 0.3% reported earlier.

<h3>ETFs in Focus</h3>

Against this backdrop, below we highlight the winning ETFs of last week.

AXS Short Innovation Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SARK#NASDAQ">SARK</a>) &ndash; Up 10.6%

The AXS Short Innovation Daily ETF seeks daily inverse investment results and is intended to be used as a short-term trading vehicle. The fund charges 75 bps in fees.

Roundhill Daily Inverse Magnificent Seven ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAGQ#NASDAQ">MAGQ</a>) &ndash; Up 8.3%

The Roundhill Daily Inverse Magnificent Seven ETF seeks daily investment results, before fees and expenses, that correspond to the inverse of the performance of the Roundhill Magnificent Seven ETF. The fund charges 95 bps in fees.

USCF Aluminum Strategy Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALUM#NYSE">ALUM</a>) &ndash; Up 7.2%

The USCF Aluminium Strategy Fund seeks investment results that generally correspond over the long term to the performance of the price of aluminum. The fund charges 65 bps in fees.

abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCIM#NYSE">BCIM</a>) &ndash; Up 6.2%

The underlying Bloomberg Industrial Metals Subindex consists of 4 commodities, which are weighted 2/3 by trading volume and 1/3 by world production with an additional criteria of global economic significance. The fund charges 40 bps in fees.

United States Copper Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPER#NYSE">CPER</a>) &ndash; Up 5.2%

The underlying SummerHaven Copper Index Total Return reflects the performance of the investment returns from a portfolio of copper futures contracts on the COMEX exchange. The fund charges 97 bps in fees.

<a href="https://www.zacks.com/stock/news/2258961/etf-winners-amid-last-week-s-record-loss-in-magnificent-7?cid=CS-BENZ-FT-etf_news_and_commentary-2258961">To read this article on Zacks.com click here.</a>

Comments

abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF

News

Latest news for abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF (ARCA:BCIM)

Monday, April 22, 2024

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga