BHPA (OTC:BHPA) Stock, Quote.Headers.trade-ideas

BHPA Inc Inc provides a cloud hash power service platform. The company operates through a subsidiary that is focused on providing a cryptocurrency mining SaaS platform powered by a blockchain algorithm. It is also engaged in data processing and other online services.

BHPA Inc

Telsey Advisory Group analyst Cristina Fernandez maintains On Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONON#NYSE">ONON</a>) with a Outperform and maintains $67 price target.

News

Price Target

Analyst Ratings

ONON

Telsey Advisory Group Maintains Outperform on On Holding, Maintains $67 Price Target

U.S. stock futures advanced on Wednesday following Tuesday&#8217;s mixed close. Futures of all four major indices rose in premarket trade.
Traders await the December Consumer Price Index will provide fresh insights into inflation&#8217;s trajectory, potentially influencing the Federal Reserve's policy stance amid mounting uncertainty over interest rates.
The headline inflation rate is <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42988894/all-eyes-on-december-inflation-betting-odds-signal-risk-of-fed-struggling-to-tame">projected </a>to rise 2.9% year-over-year, according to TradingEconomics, marking an increase from November&#8217;s 2.7% pace. On a monthly basis, headline inflation is expected to grow by 0.3%, maintaining the same pace as the prior month. 
Amid rotation, technology stocks dragged the Nasdaq down on Tuesday as well, whereas Dow Jones, which has the least number of tech constituents, rose over 220 points.
The 10-year and two-year Treasury notes yielded 4.77% and 4.35%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025 decision was at 97.3%, according <a href="http://The 10-year and two-year Treasury notes yielded 4.77% and 4.35%, respectively. The probability of having no change in the interest rates for the upcoming Jan. 31, 2025 decision was at 97.3%, according to CME Group's FedWatch tool. --https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">to</a> CME Group&#8217;s FedWatch tool.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.22%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.14%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.18%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.51%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.18% to $583.22&nbsp; and the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.23% to $506.25, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
U.S. stock market closed with a mixed performance on Tuesday. The Dow Jones Industrial Average saw a significant intraday surge following the release of Producer Price Index data.
PPI increased by 0.2% in December, lower than the expected 0.3% and November&#8217;s 0.4% increase. This positive economic indicator boosted investor sentiment.
However, Big Tech stocks weighed heavily on the Nasdaq. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) experienced notable declines, contributing to the index&#8217;s negative performance.
Sectoral performance was varied across the S&amp;P 500. Utilities, materials, and financial sectors closed higher, while communication services and healthcare sectors underperformed.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.23%</td>
<td>19,044.39</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.11%</td>
<td>5,842.91</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.52%</td>
<td>42,518.28</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>1.13%</td>
<td>2,219.24</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
Howard Marks, a veteran investor who accurately predicted the dot-com bubble, warns of <a href="https://www.benzinga.com/markets/equities/25/01/42995814/billionaire-investor-who-predicted-the-dot-com-crash-25-years-ago-warns-of-another-market-storm-brewing-in-the-us">potential market risks</a> in his latest memo, &#8220;On Bubble Watch.&#8221; 
Marks highlights several concerning signs:
<ul>
<li>Over-optimism: High market exuberance and elevated S&amp;P 500 valuations.</li>
<li>AI Hype: Excessive enthusiasm for AI may be inflating valuations in the tech sector.</li>
<li>Magnificent 7 Reliance: Over-reliance on the continued success of a small group of dominant tech companies.</li>
<li>Index Investing Bias: Index fund inflows may be driving up prices regardless of intrinsic value.</li>
</ul>
While not definitively declaring a bubble, the co-founder and co-chairman of Oaktree Capital Management, Marks stresses the importance of acknowledging these risks. He acknowledges counterarguments, such as reasonable valuations for the &#8220;Magnificent Seven&#8221; and a moderate P/E ratio for the S&amp;P 500.
Ultimately, Marks concludes that the market may be expensive and slightly overheated, but it doesn&#8217;t yet display the irrational exuberance typical of a true bubble.
&#8220;The markets are likely to remain listless until Monday&#8217;s Inauguration Day, when President Donald Trump is expected to issue numerous Executive Orders which might muddy rather than clarify the economic outlook,&#8221; said Ed Yardeni of Yardeni Research in his QuickTakes.
Carson Research in their 2025 markets outlook, released on Tuesday said that they expect U.S. growth likely to outpace other global economies this year. They expect a 12-15% return from stocks.
&#8220;Looking at forward 12-month S&amp;P 500 earnings we once again see new highs, now at $271 per share, up from $225 in early 2023,&#8221; the report said.
&#8220;We are overweight equities and believe current forward earnings growth expectations remain supportive of stock gains given the economic backdrop.&#8221;
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
<ul>
<li>On Wednesday, the headline and core consumer price index for December and the Empire State manufacturing survey data for January will be announced at 8:30 a.m., ET.</li>
<li>Richmond Fed President Barkin will speak at 9:00 a.m., ET.</li>
<li>New York Fed President Williams will speak at 11:00 a.m., ET.</li>
<li>Chicago Fed President Goolsbee will speak at noon, ET.</li>
<li>On Thursday, initial jobless claims till Jan. 11 will be released at 8:30 a.m., ET.</li>
<li>December&#8217;s U.S. retail sales, import price index, and Philadelphia Fed manufacturing survey will be announced at 8:30 a.m., ET.</li>
<li>Business inventory data for November and the Home builder confidence index for January will be released at 10:00 a.m., ET.</li>
<li>On Friday, housing starts and building permits data for December will be released at 8:30 a.m., ET.</li>
<li>The industrial production and capacity utilization for December will be announced at 9:15 a.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) was up 0.21% in premarket on Wednesday as Wall Street expects it to report quarterly earnings of $4.04 per share on revenue of $41.56 billion before the opening bell.</li>
<li>Wells Fargo &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) was up 2.39% ahead of its earnings before the opening bell. Analysts expect it to report quarterly earnings of $1.35 per share on revenue of $20.58 billion.</li>
<li>Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) was up 0.26% as analysts expect it to post quarterly earnings of $8.35 per share on revenue of $12.46 billion before the opening bell.</li>
<li>Citigroup Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) was up 0.39% ahead of its earnings before the opening bell. Analysts expect it to post quarterly earnings of $1.24 per share on revenue of $19.51 billion. The company will release earnings before the markets open.</li>
<li>Applied Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) was down 6.21% despite beating the second-quarter revenue and EPS estimates on Tuesday.</li>
<li>Safe &amp; Green Holdings Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) was up 122.22% as it decided to acquire 100% of New Asia Holdings, including its subsidiaries Olenox Corp and Machfu.com.</li>
<li>Vision Marine Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) was up 46.43% after it filed its patent application with the United States Patent and Trademark Office for a Battery Authentication Encryption Technology.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 0.62% to hover around $76.84 per barrel.
The gold spot index was up by 1.04% to $2,710.19 per ounce. The Dollar Index was down 0.20% at 109.050 level.
Asian markets closed mixed on Wednesday as Hong Kong&#8217;s Hang Seng, and India&#8217;s S&amp;P BSE Sensex index advanced. Whereas, China&#8217;s CSI 300, Australia&#8217;s ASX 200, Japan&#8217;s Nikkei 225, and South Korea&#8217;s Kospi index fell. European markets were also trading higher.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/01/42967576/meta-investors-push-mark-zuckerberg-to-replace-72b-cash-with-bitcoin-to-combat-inflation-heres-what-it-means-for-investors">Meta Investors Push Mark Zuckerberg To Replace $72B Cash With Bitcoin To Combat Inflation: Here&#8217;s What It Means For Investors</a></li>
</ul>
Photo courtesy: Wikimedia

Analyst Color

Equities

Futures

Economics

Federal Reserve

Pre-Market Outlook

Markets

Trading Ideas

APLD

NVDA

SGBX

VMAR

US Stocks To Open Higher Ahead Of December Inflation Data: All Eyes On Banking Stocks As JPMorgan, Goldman, Citi, Wells Fargo Report Quarterly Earnings

PONY

Pony AI Says It Has Become First Company In China To Receive Approval For Robotruck Platooning Tests On Cross-provincial Highways Connecting Beijing, Tianjin, And Hebei Province, Marking A Milestone In Pursuit Of Large-scale Commercialization Of Autonomous Trucking

Asset Sales

Emeren Group Reports Sale Of 65 MWp Solar Project Portfolio To Trina Solar International System Business Unit; No Terms Disclosed

Telsey Advisory Group analyst Dana Telsey maintains ThredUp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TDUP#NASDAQ">TDUP</a>) with a Outperform and raises the price target from $2 to $3.

TDUP

Telsey Advisory Group Maintains Outperform on ThredUp, Raises Price Target to $3

After the results from this research agreement are known, the parties will negotiate in good faith (and without obligation) whether to jointly develop or commercialise the outcomes of these research collaborations on commercially reasonable terms.
 &nbsp;

IMRN

Immuron Enters New Research Collaboration With Monash University

Marti Launches Safety Academy To Prioritize Rider Safety And Promote Sustainable Mobility

BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) reported quarterly earnings of $11.93 per share which beat the analyst consensus estimate of $11.21 by 6.42 percent. The company reported quarterly sales of $5.677 billion which beat the analyst consensus estimate of $5.531 billion by 2.63 percent. This is a 22.59 percent increase over sales of $4.631 billion the same period last year.

Earnings

Earnings Beats

BlackRock Q4 2024 Adj. EPS $11.93 Beats $11.21 Estimate, Sales $5.677B Beat $5.531B Estimate

Telsey Advisory Group analyst Dana Telsey maintains Signet Jewelers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIG#NYSE">SIG</a>) with a Market Perform and lowers the price target from $87 to $65.

Telsey Advisory Group Maintains Market Perform on Signet Jewelers, Lowers Price Target to $65

SpaceX&#8217;s Falcon 9 on Wednesday launched two lunar landers to the Moon as it gears up to land humans back on the surface of the Moon in the future.
What Happened: The SpaceX rocket launched Firefly Space&#8216;s Blue Ghost and ispace&#8216;s Resilience lunar landers to the Moon from&nbsp;NASA's Kennedy Space Center in Florida. 
The Blue Ghost lander was deployed into a lunar transfer orbit following which it began its near 45-day journey to the Moon. Upon landing on the Moon, NASA&#8217;s payloads will conduct numerous science and technology demonstrations. 
The ispace Resilience lander, meanwhile, will go on a 4-5 month journey to the Moon after deployment. It will set down on the lunar surface and begin exploration activities. 
&#8220;Today's mission is our third launch to a lunar surface and just the first of several our Falcon fleet will launch for NASA's Commercial Lunar Payload Services (CLPS) program this year,&#8221; SpaceX said in a post on social media platform X.
The missions launched as part of NASA's CLPS program will serve as precursors to landing astronauts safely on the Moon in the future as part of the Artemis program, the company 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">CLPS landers are designed to provide insights into the lunar surface environment and the ability to test technologies. The missions launched as part of this program are the precursors to landing Artemis astronauts safely on the Moon with Starship's Human Landing System, or HLS <a href="https://t.co/0Rs7EOPqXO">pic.twitter.com/0Rs7EOPqXO</a>
&mdash; SpaceX (@SpaceX) <a href="https://twitter.com/SpaceX/status/1879406151508648236?ref_src=twsrc%5Etfw">January 15, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of SpaceX&#8217;s Starship</a> launch vehicle under its Artemis program in September 2026.
The last time humans set foot on the Moon was in 1972&nbsp;<a href="https://www.benzinga.com/news/24/01/36692749/just-a-worse-version-of-apollo-elon-musk-baffled-by-nasa-veterans-push-to-ditch-spacex-blue-origin-a" target="_blank" rel="noreferrer noopener">with Apollo 17</a>. Since then, no crew has traveled beyond low-Earth orbit.
However, the Starship is still in the testing and development phase. The company has conducted six test flights of the vehicle thus far and is preparing for its seventh test flight. 
The seventh test flight of Starship is slated for Wednesday at 4 p.m. CT but the company has warned that unfavorable weather can cause changes to the launch schedule. 
As the Starship continues to undergo testing, SpaceX continues to keep up its launch cadence with its Falcon launch vehicle. 
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/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data" target="_blank" rel="noreferrer noopener">Cybertruck Success Comes At A Cost: Tesla Sells Nearly 39,000 Units In 2024, But Luxury Model S And X Sales Take A Hit In US, Data Shows</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

Tech

SpaceX Launches Two Lunar Landers As It Gears Up To Take Humans Back On Moon Surface

Wealth management companies have loaded up on Marvell Technology Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) shares in the fourth quarter as it achieved a significant milestone with its new chip. Technical analysis of daily moving averages indicates a strong bullish uptrend.
What Happened: According to the 13F filings, Parisi Gray Wealth Management increased its stake in MRVL by 8,181 shares or 197% with its total investment valued at $1.363 million as of the quarter ended Dec. 31, 2024.
Nordea Investment Management, on the other hand, increased its stake by 14% which represents the addition of 571,005 shares. Its total investment value in the chipmaker stood at $518.435 million.
Graypoint, which just added 894 shares in the fourth quarter, increased its stake by 29%, with its investment value of $443,000.
On the contrary, International Assets Investment Management, which is an affiliate of IAA, offloaded 98% or 236,361 shares in the company. Its current investment value after the transaction stood at $405,000.
While there are many more companies yet to repost their fourth quarter, these firms represent the top trades among the 87 that have already disclosed their 13F filings.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/01/42895251/mrvl-stock-has-gained-over-7-in-last-five-sessions-as-marvell-technologys-new-chip-boosts-ai-server-performance-heres-what-technical-analysis-says">MRVL Stock Has Gained Over 7% In Last Five Sessions As Marvell Technology&#8217;s New Chip Boosts AI Server Performance: Here&#8217;s What Technical Analysis Says</a>
Why It Matters: The semiconductor manufacturer&#8217;s new XPU chip with a fresh update accelerates the performance of AI servers. A slew of positive developments within the company has led to strong performance coupled with strong fundamentals and technicals for the semiconductor manufacturer.
Marvell&#8217;s CEO Matt Murphy during its <a href="https://www.benzinga.com/news/earnings/24/12/42302752/marvell-technology-stock-climbs-after-better-than-expected-q3-results-strong-q4-guidance">third-quarter</a> earnings call said that they expect a 26% growth in the topline in fiscal 2025 on an annual basis. 
MRVL was up 0.20% in premarket, whereas it closed at $115.20 apiece on Tuesday, the technical analysis of daily moving averages shows strong support for the stock.
Marvell's shares were above its 20, 50, and 200-day simple moving averages, suggesting a bullish uptrend. The 20-day moving average price was $114.76 apiece, whereas the 50-day average stood at $103.14. The 200-day moving average was at $78.89.
On the other hand, the relative strength index of 55.54 suggested that the stock could be moderately overbought but still in the 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/2025/01/15042503/MRVL-tech-chart-fin-1024x576.png" alt="" class="wp-image-734164" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042503/MRVL-tech-chart-fin.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
What Are Analysts Saying: According to the analysts <a href="https://www.benzinga.com/quote/MRVL/analyst-ratings">tracked by Benzinga</a>, MRVL has a consensus price target of $112.5 based on the ratings of 33 analysts. The highest price target is $149 apiece issued by Craig-Hallum as of Jan. 6, 2025. The lowest target price is $75 per share issued by Barclays on Jan. 16, 2024.
The average price target between Wells Fargo, Goldman Sachs, and Craig-Hallum implies a 21.29% upside for MRVL.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/MRVL/analyst-ratings"><img loading="lazy" decoding="async" width="943" height="354" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042417/MRVL-ANR-ANR-ANR.png" alt="" class="wp-image-734161" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042417/MRVL-ANR-ANR-ANR.png 943w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042417/MRVL-ANR-ANR-ANR-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/15042417/MRVL-ANR-ANR-ANR-768x288.png 768w" sizes="(max-width: 943px) 100vw, 943px" /></a></figure>
Price Action: Shares of Marvell have risen by 75.82% over the last year, whereas, the Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) which mirrors the Nasdaq 100, rose 23.33% in the same period, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Over the last six months, the shares gained 56.52%, outperforming QQQ which just rose 1.80% in the same period.
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/01/42967576/meta-investors-push-mark-zuckerberg-to-replace-72b-cash-with-bitcoin-to-combat-inflation-heres-what-it-means-for-investors">Meta Investors Push Mark Zuckerberg To Replace $72B Cash With Bitcoin To Combat Inflation: Here&#8217;s What It Means For Investors </a></li>
</ul>
Photo courtesy: Shutterstock

Market Summary

ETFs

MRVL

Nordea, Parisi Gray, Graypoint Load Up On Marvell Technology Shares, IAIM Dilutes 98% In Q4: Here's What MRVL's Technical Analysis Says

The U.S. bond market is sending significant signals to Wall Street and Washington as Treasury yields approach levels not seen in nearly two decades, potentially complicating the incoming president-elect Donald Trump administration&#8217;s economic agenda.
What Happened: The yield on the 10-year Treasury has surged more than 1% since September, nearing the psychologically important 5% threshold. This sharp increase in government borrowing costs comes as markets reassess Federal Reserve rate cut expectations amid stronger economic data.
&#8220;It&#8217;s a combination of reset expectations of Fed rate cuts due to better economic prospects as well as an increase in real rates,&#8221; <a href="https://www.bloomberg.com/news/audio/2025-01-14/trumponomics-the-bond-market-effect-on-donald-trump-podcast">says</a> Anna Wong, chief U.S. economist at Bloomberg Economics and former Federal Reserve economist who served in the previous Trump administration.
The bond market&#8217;s reaction partly reflects anticipated Trump policies, including proposed tariffs and immigration restrictions, according to Wong. These policies are &#8220;already acting as a restrictive force on the economy before being implemented,&#8221; she notes.
The rising yields could face heightened scrutiny in Congress, where slim Republican majorities control both chambers. Kate Davidson, Bloomberg&#8217;s managing editor for U.S. economic policy, suggests that concerned lawmakers might &#8220;throw a wrench into the process&#8221; of implementing Trump&#8217;s agenda, particularly regarding tax cuts and deficit spending.
See Also: <a href="https://www.benzinga.com/markets/25/01/42995151/bojs-kazuo-ueda-signals-rate-hikes-japanese-bond-yields-rise-to-14-year-high-what-the-recent-past-tells-us-about-impact-on-us-markets">BOJ&#8217;s Kazuo Ueda Signals Rate Hikes, Japanese Bond Yields Rise To 14-Year High—What The Recent Past Tells Us About Impact On US Markets</a>
Why It Matters: Mohamed El-Erian, Chief Economic Advisor at Allianz, projects the 10-year yield could &#8220;spend quite a bit of 2025 in the 4.75-5% range.&#8221; This outlook comes as debt servicing costs now exceed the defense budget, <a href="https://www.benzinga.com/markets/bonds/25/01/42890926/mohamed-el-erian-predicts-us-treasury-yields-will-stay-elevated-through-2025-as-inflation-concerns-and-market-dynamics-persist">raising fiscal sustainability questions</a>.
While Trump has celebrated the stock market&#8217;s $3 trillion gain since the election, <a href="https://www.benzinga.com/25/01/42886101/investors-should-expect-no-rate-cuts-in-q1-2025-after-federal-reserves-december-minutes-release-strategist-says">bond market dynamics</a> may pose challenges to his economic plans. Larry Tentarelli, chief technical strategist at Blue Chip Daily Trend Report, expects rates to remain elevated, forecasting &#8220;10-year U.S. Treasury yields in the 4.50 to 5.00% range&#8221; through early 2025.
These developments occur as Federal Reserve officials express increased uncertainty about <a href="https://www.benzinga.com/25/01/42886101/investors-should-expect-no-rate-cuts-in-q1-2025-after-federal-reserves-december-minutes-release-strategist-says">the economic outlook</a>, using variations of the word &#8220;uncertain&#8221; twelve times in recent meeting minutes, according to LPL Financial&#8217;s chief economist Jeffrey Roach.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/42995814/billionaire-investor-who-predicted-the-dot-com-crash-25-years-ago-warns-of-another-market-storm-brewing-in-the-us">Billionaire Investor Who Predicted The Dot-Com Crash 25 Years Ago Warns Of Another Market Storm Brewing In The US</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Bonds

Trump Faces Bond Market Pressure As 10-Year Yields Near 5%, Challenging Economic Agenda

Shares of Vision Marine Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMAR#NASDAQ">VMAR</a>) rose sharply in today's pre-market trading after the company announced it filed its latest patent application with the United States Patent and Trademark Office for a Battery <a href="https://www.benzinga.com/quote/VMAR/news">Authentication Encryption Technology</a>.
Vision Marine Technologies shares jumped 67.8% to $2.35 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Helius Medical Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSDT#NASDAQ">HSDT</a>) gained 76.1% to $1.24 in pre-market trading.</li>
<li>Safe &amp; Green Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) gained 51.8% to $0.8202 in pre-market trading. Safe &amp; Green Holdings, on Tuesday, announced a LOI for transformative acquisition of Olenox and Machfu.com.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) rose 24.1% to $2.99 in pre-market trading following a 7% gain on Tuesday.</li>
<li>Quantum Computing Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>) gained 19.3% to $8.86 in pre-market trading after gaining 14% on Tuesday.</li>
<li>VerifyMe, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRME#NASDAQ">VRME</a>) rose 17.5% to $3.76 in pre-market trading. VerifyMe recently announced it entered a warrant inducement transaction for $4.7 million in proceeds.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) gained 16.7% to $5.52 in pre-market trading after surging 23% on Tuesday.</li>
<li>908 Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MASS#NASDAQ">MASS</a>) gained 15.1% to $2.28 in pre-market trading after the company reported preliminary fourth-quarter revenues above estimates.</li>
<li>Myers Industries, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MYE#NYSE">MYE</a>) rose 9.9% to $12.31 in pre-market trading.</li>
<li>Lifeward Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFWD#NASDAQ">LFWD</a>) gained 9.6% to $1.60 in pre-market trading after declining 6% on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Crown Electrokinetics Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRKN#NASDAQ">CRKN</a>) shares fell 30% to $0.0620 in pre-market trading. Crown Electrokinetics filed for mixed shelf offering for up to $500 million.</li>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) fell 29.1% to $0.2990 in today's pre-market trading after announcing a proposed public offering of common stock.</li>
<li>Oruka Therapeutics, Inc.  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORKA#NASDAQ">ORKA</a>) fell 27.8% to $10.00 in pre-market trading.</li>
<li>Algorhythm Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIME#NASDAQ">RIME</a>) dipped 23.5% to $0.0597 in pre-market trading following a 22% decline on Tuesday.</li>
<li>MBX Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBX#NASDAQ">MBX</a>) shares dipped 23.2% to $9.25 in pre-market trading.</li>
<li>GlucoTrack, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCTK#NASDAQ">GCTK</a>) declined 22.5% to $0.0945 in pre-market trading after dipping 18% on Tuesday.</li>
<li>Global Lights Acquisition Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLAC#NASDAQ">GLAC</a>) fell 20.3% to $8.51 in pre-market trading.</li>
<li>Meiwu Technology Company Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WNW#NASDAQ">WNW</a>) shares fell 17.3% to $0.7860 in pre-market trading after dipping 68% on Tuesday.</li>
<li>Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares tumbled 5.2% to $8.10 in pre-market trading following second-quarter results.</li>
<li>Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) fell 4.7% to $23.02 in pre-market trading after the company reported fourth-quarter results.</li>
</ul>
Now Read This: 
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AZTR

CRKN

CVGW

GCTK

GLAC

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MASS

ORKA

QBTS

QUBT

RIME

VRME

Why Vision Marine Technologies Shares Are Trading Higher By 68%; Here Are 20 Stocks Moving Premarket

HIVE Digital Technologies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIVE#NASDAQ">HIVE</a>) co-founder Frank Holmes said that the new cryptocurrency accounting standards will remove barriers to corporate adoption of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: During an interview with Scott Melker, host of the popular &#8220;The Wolf of All Streets&#8221; podcast, Holmes was asked about the rule change by the Financial Accounting Standards Board and whether it will drive more companies to consider Bitcoin as a reserve.
&#8220;Yes, absolutely,&#8221; responded Holmes, who leads North America&#8217;s first publicly traded Bitcoin mining company.
<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">Could new accounting rules spark a corporate Bitcoin gold rush? <a href="https://twitter.com/search?q=%24HIVE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$HIVE</a> Executive Chairman <a href="https://twitter.com/bulldogholmes?ref_src=twsrc%5Etfw">@bulldogholmes</a> &amp; <a href="https://twitter.com/scottmelker?ref_src=twsrc%5Etfw">@scottmelker</a> dive into how these changes could revolutionize corporate and sovereign adoption of BTC. Don't miss this game-changing conversation! <a href="https://t.co/PmnVeuqG2E">https://t.co/PmnVeuqG2E</a> <a href="https://t.co/3NcaSP3mVI">pic.twitter.com/3NcaSP3mVI</a>
&mdash; HIVE Digital Technologies (@HIVEDigitalTech) <a href="https://twitter.com/HIVEDigitalTech/status/1879244593088045276?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The new rule enables firms to <a href="https://www.benzinga.com/24/12/42502213/new-crypto-accounting-standards-from-todaywill-it-boost-bitcoins-corporate-adoption">report cryptocurrencies at fair value</a>, or simply their current value, and include them in the company&#8217;s net income. Previously, cryptocurrencies were classified as indefinite-lived intangible assets, which required corporations to account for impairment charges.
Holmes said that the new mark-to-market standards are &#8220;really important,&#8221; paving the way for more companies to enter the Bitcoin market. 
He also shared that HIVE has been a pioneer in&nbsp;using Bitcoin as a&nbsp;balance sheet asset, deeming it a &#8220;proxy&#8221; for those hesitant to invest in the asset through cryptocurrency exchanges.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/government/regulations/25/01/42994641/italys-largest-bank-leaps-into-bitcoin-trading-with-1-million-test-investment-but-ceo-says-he-doesnt-invest-in-btc-personally">Italy&#8217;s Largest Bank Leaps Into Bitcoin Trading With $1 Million &#8216;Test&#8217; Investment But CEO Says He Doesn&#8217;t Invest In BTC Personally</a>
Why It Matters: The optimistic remarks aligned with those by Bitwise&nbsp;Chief Investment Officer&nbsp;Matt Hougan, who stated that the new rules <a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend">would play a major role in incentivizing</a> Bitcoin corporate adoption.
HIVE mines digital currencies like Bitcoin using renewable energy. The company recently <a href="https://www.benzinga.com/24/12/42740364/whats-going-on-with-hive-digital-shares-on-tuesday">relocated</a> its headquarters from Vancouver, Canada, to San Antonio, Texas—the global hub of Bitcoin mining and a favored location for mining giants like&nbsp;Riot Platforms&nbsp;and&nbsp;MARA Holdings. This move is expected to enhance shareholder value, liquidity, and global investor interest.
The company currently holds a 1% market share of the global Bitcoin mining network, with a <a href="https://www.benzinga.com/partner/cryptocurrency/24/12/42507134/hive-digital-technologies-nasdaq-hive-experiences-monumental-month-amid-tech-tailwinds-tri">goal of capturing 2%</a> by summer 2025.
HIVE held 2,805 BTCs, valued at $272.83 million as of this writing, <a href="https://bitcointreasuries.net/">according </a>to&nbsp;BitcoinTreasuries.com. MicroStrategy was the market leader with over $43 billion in Bitcoin on its books.
Price Action: At the time of writing, Bitcoin was exchanging hands at $97,052.07, up 1.77% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of HIVE closed 0.34% higher at $2.92 during Tuesday&#8217;s regular session and were up 1.71% in pre-market trading.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend">Michael Saylor&#8217;s MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: &#8216;It&#8217;s A Bona Fide Megatrend&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

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

Cryptocurrency

$BTC

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New Crypto Accounting Rules Could Accelerate Corporate Bitcoin Adoption, Says CEO Of Leading BTC Miner — Mark-To-Market Standards 'Really Important'

Fortuna Mining Entered Into A Binding Letter Agreement To Sell Its 100% Interest In Compañia Minera Cuzcatlan To Minas Del Balsas For $2M Payable On Closing Of The Transaction

Vertical Aerospace (Vertical) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVTL#NYSE">EVTL</a>), a global aerospace and technology company that is pioneering electric aviation, announces the appointment of Dómhnal Slattery as Chairman of its Board of Directors with immediate effect. Mr. Slattery brings over three decades of global aviation industry expertise to Vertical and rejoins the Board having previously served as Chairman from January 2022 to August 2023 during which time Vertical built its industry leading order-book and listed on the New York Stock Exchange.
Stephen Welch, the outgoing Chairman, will continue to serve on the Vertical Board as a non-executive director.
 &nbsp;

Management

EVTL

Vertical Aerospace Taps Dómhnal Slattery, as Chairman, Taking Over From Stephen Welch Who Will Continue As A Director

Aurora Mobile Announced That Its Globally Recognized AI Agent Platform, Gptbots, Has Officially Entered Into A Strategic Partnership With Redtone Digital Berhad In Malaysia

Fortuna Mining Corp. (NYSE:<a href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>, TSX:<a href="https://www.benzinga.com/stock/FVI#TSX">FVI</a>) is pleased to announce it has entered into a binding letter agreement (the "Letter Agreement") to sell (the "Transaction") its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. ("Cuzcatlan") to Minas del Balsas S.A. de C.V. ("MDB"), a private Mexican company. Cuzcatlan is the owner of a 100 percent interest in the San Jose Mine in the state of Oaxaca, Mexico. Following the sale, Fortuna will cease to have any interest in the San Jose Mine, other than the net smelter return royalty described below. The San Jose Mine was scheduled to initiate a progressive closure process starting in early 2025.
Details of the Transaction
Under the terms of the Letter Agreement, MDB will acquire all of the issued and outstanding shares of Cuzcatlan held by Fortuna's subsidiaries for the aggregate consideration of:
<ul>
<li>US$2 million payable on closing of the Transaction;</li>
<li>a further US$2 million payable on the first anniversary of closing the Transaction;</li>
<li>a final US$2 million payable on the second anniversary of closing the Transaction; and</li>
<li>the right to receive up to approximately US$11 million upon the completion of certain conditions.&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</li>
</ul>
In addition, Fortuna will receive a 1.0 percent net smelter royalty on production from the San Jose Mine concessions, for a 5-year term as of the start of production.
The completion of the Transaction is subject to customary conditions of closing and is expected to be completed in the first quarter of 2025. INFOR Financial Inc. acted as financial advisor to Fortuna.

Fortuna Mining Exits San Jose Mine, Secures $17M Potentially Through Sale and Royalties

Macro Economic Events

Econ #s

Eurozone Industrial Production (MoM) For November 0.2% Vs. 0.3% Est.; 0.2% (Revised) Prior

An internal memo from Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has unveiled a strategy to implement <a href="https://www.benzinga.com/tech/25/01/42994485/mark-zuckerbergs-jiu-jitsu-training-has-transformed-metas-leadership-strategy-says-gene-munster">performance-based job cuts</a>.
What Happened: The memo, authored by Hillary Champion, Meta&#8217;s director of people development growth programs, instructs managers to classify employees into performance tiers based on their contributions over the past year, <a href="https://www.businessinsider.com/meta-tells-managers-how-performance-based-job-cuts-will-work-2025-1">reported</a> Business Insider.
Champion&#8217;s memo indicates that Meta aims to achieve a 10% &#8220;non-regrettable attrition&#8221; rate by the end of the current performance cycle. This target combines last year&#8217;s 5% with an <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42986509/meta-platforms-announces-performance-based-job-cuts-whats-going-on">additional 5% this year</a>.
See Also: <a href="https://www.benzinga.com/general/entertainment/25/01/42906243/netflixs-wwe-monday-night-raw-premiere-more-than-doubles-2024-usa-network-audience">Netflix's ‘WWE Monday Night Raw' Premiere More Than Doubles 2024 USA Network Audience</a>
The company is increasing pressure on underperformers to swiftly determine who will remain and who will be let go.
Meta plans to cut about 5% of its lowest-performing staffers as part of an effort to &#8220;raise the bar.&#8221; The company intends to backfill these roles in 2025.
The internal performance guidance document, obtained by the publication, categorizes employees into ratings such as &#8220;met most expectations,&#8221; &#8220;met some,&#8221; and &#8220;did not meet.&#8221;
Employees rated as &#8220;Met Some&#8221; or &#8220;Did Not Meet&#8221; will be automatically added to the performance termination list.
Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.
&#8220;We have really ambitious goals, so we need to manage our workforce in a way that ensures we have the strongest talent working here and can move faster in managing out low performers so that we can bring new people in,&#8221; Champion stated.
Why It Matters: The decision to implement performance-based job cuts at Meta aligns with a <a href="https://www.benzinga.com/25/01/42865109/sony-co-founder-akio-morita-once-said-that-management-should-treat-companies-like-families-not-commodities-recession-comes-management-fire-people-but-stays-to-keep-its-profit">broader trend in the tech industry</a>.
In December 2024, Alphabet Inc.&#8217;s (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>) Google revealed plans to reduce top management <a href="https://www.benzinga.com/tech/24/12/42635813/google-announces-major-layoffs-as-pichai-stresses-efficiency">roles by 10% as part</a> of its efforts to streamline operations.
Likewise, Elon Musk&#8217;s X reportedly experienced major layoffs in November 2024, with the engineering department being notably impacted.
Meta is scheduled to release its <a href="https://www.benzinga.com/general/social-media/25/01/42991174/meta-platforms-analyst-expects-strong-momentum-in-q4-to-continue-in-2025">fourth-quarter earnings</a> on Jan. 29. Last year in October, the company reported $40.59 billion in <a href="https://www.benzinga.com/news/earnings/24/10/41637326/meta-platforms-q3-earnings-revenue-beat-eps-beat-daily-actives-up-5-strong-momentum-in-ai">third-quarter revenue</a>, exceeding analysts&#8217; projections of $40.29 billion.
Price Action: Meta&#8217;s shares fell by 2.31% on Tuesday but recovered slightly in pre-market trading on Wednesday, gaining 0.46% to close at $597, as per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.
Read Next:
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<li><a href="https://www.benzinga.com/news/25/01/42900737/stephen-king-slams-elon-musks-h-1b-visa-stance-musk-thinks-smart-immigrants-can-stay-the-rest-of-you-washing-dishes-get-lost">Stephen King Slams Elon Musk's H-1B Visa Stance: ‘Musk Thinks Smart Immigrants Can Stay – The Rest of You Washing Dishes … Get Lost'</a></li>
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

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