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Watching Kohl's; Traders Circulate Unconfirmed Rumor From Research Blog Suggesting The Co May File For Bankruptcy

Arabica coffee futures have soared past $3.35 per pound in January 2025, holding near multi-decade highs after peaking at $3.48 in December, the highest <a href="https://www.benzinga.com/markets/commodities">level since April 1977.</a>
In a note shared Wednesday, Bank of America analyst Sara Senatore said, &#8220;Coffee remains inflationary. For Q1 2025, average coffee price inflation is expected to be 75.5%.&#8221; 
She added that prices have surged 120% from 2023 lows, increasing investor concerns about Starbucks Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NYSE">SBUX</a>)&#8217; margins and pressuring the company's valuation multiple.
<h3 class="wp-block-heading">Chart: Coffee Futures Hover At Near 50-Year Highs</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22104158/image-156-1024x506.png" alt="" class="wp-image-744985" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22104158/image-156-1024x506.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22104158/image-156-300x148.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22104158/image-156-768x380.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22104158/image-156-1536x759.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/22104158/image-156.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">What&#8217;s Triggering The Coffee Price Spike? </h3>
The coffee market has seen supply risks materializing on its world&#8217;s top producer. 
Brazil's coffee production forecast have been downwardly revised in recent months amid weather disruptions hitting South America&#8217;s largest country. 
On Monday, Conab, Brazil's national supply agency, estimated the country's 2024 coffee harvest at 54.2 million 60kg bags, a 1.6% decline from the prior year's crop. 
The revision follows adverse weather in Minas Gerais, a key Arabica-producing region, that has constrained supply. Meanwhile, strong demand for Robusta beans, often used in instant coffee, has compounded price pressures.
In Australia, Restaurant and Cafe Association chief executive Wes Lambert said the cost of a coffee &#8220;could reach double digits&#8221; in major cities if bean prices remain elevated.
<h3 class="wp-block-heading">Starbucks' Hedging Strategy: A Safety Net?</h3>
Despite soaring coffee prices, Starbucks may be shielded from immediate cost increases. The Seattle-based company has long-term purchasing strategies as indicated by Bank of America.
As the world&#8217;s largest coffeehouse, Starbucks secures supply agreements more than a year in advance. The chain has a mix of fixed-price and price-to-be-fixed contracts.
Fixed-price contracts lock in costs upfront, while price-to-be-fixed agreements allow pricing flexibility until delivery. 
Starbucks relies on futures contracts and collars, which are derivative instruments that help stabilize price fluctuations, to hedge against volatile coffee costs. 
While Starbucks&#8217; hedging policies provide insulation, the company still supplements its inventory with purchase commitments, some of which remain exposed to the unpredictable swings in commodity prices. 
The question is whether sustained high prices could eventually seep into its cost structure.
Yet, Bank of America remains optimistic about Starbucks&#8217; outlook. &#8220;We believe SBUX&#8217;s brand remains fundamentally strong and there are significant opportunities to reallocate resources,&#8221; Senatore wrote in the note, maintaining a Buy rating with a $117 price target. 
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Coffee Prices Soar To Record Highs: Could Starbucks Face Margin Squeeze?

Investors with a lot of money to spend have taken a bearish stance on JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with JPM, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 15 uncommon options trades for JPMorgan Chase.
This isn't normal.
The overall sentiment of these big-money traders is split between 46% bullish and 53%, bearish.
Out of all of the special options we uncovered, 7 are puts, for a total amount of $300,058, and 8 are calls, for a total amount of $855,065.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $300.0 for JPMorgan Chase over the last 3 months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in JPMorgan Chase's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to JPMorgan Chase's substantial trades, within a strike price spectrum from $195.0 to $300.0 over the preceding 30 days.
<h3>JPMorgan Chase Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737564406_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$40.4</td>
<td>$39.95</td>
<td>$39.95</td>
<td>$240.00</td>
<td>$515.3K</td>
<td>2.1K</td>
<td align="right">129</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$68.7</td>
<td>$68.2</td>
<td>$68.2</td>
<td>$195.00</td>
<td>$95.4K</td>
<td>436</td>
<td align="right">14</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$1.69</td>
<td>$1.65</td>
<td>$1.7</td>
<td>$250.00</td>
<td>$67.9K</td>
<td>1.2K</td>
<td align="right">929</td>
</tr>
<tr>
<td>JPM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$13.5</td>
<td>$12.4</td>
<td>$12.7</td>
<td>$260.00</td>
<td>$63.5K</td>
<td>1.0K</td>
<td align="right">0</td>
</tr>
<tr>
<td>JPM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$8.3</td>
<td>$8.1</td>
<td>$8.29</td>
<td>$265.00</td>
<td>$50.5K</td>
<td>344</td>
<td align="right">99</td>
</tr>
</tbody>
</table>

<h3>About JPMorgan Chase</h3>
JPMorgan Chase is one of the largest and most complex financial institutions in the United States, with nearly $4.1 trillion in assets. It is organized into four major segments--consumer and community banking, corporate and investment banking, commercial banking, and asset and wealth management. JPMorgan operates, and is subject to regulation, in multiple countries.
Following our analysis of the options activities associated with JPMorgan Chase, we pivot to a closer look at the company's own performance.
<h3>JPMorgan Chase's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 2,499,176, the JPM's price is down by -0.48%, now at $261.75. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 79 days.</li>
</ul>
<h3>What Analysts Are Saying About JPMorgan Chase</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $285.8.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Barclays has decided to maintain their Overweight rating on JPMorgan Chase, which currently sits at a price target of $330. 
&#x2A; Consistent in their evaluation, an analyst from UBS keeps a Buy rating on JPMorgan Chase with a target price of $287. 
&#x2A; Maintaining their stance, an analyst from Keefe, Bruyette &amp; Woods continues to hold a Market Perform rating for JPMorgan Chase, targeting a price of $264. 
&#x2A; An analyst from Truist Securities has decided to maintain their Hold rating on JPMorgan Chase, which currently sits at a price target of $268. 
&#x2A; Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for JPMorgan Chase, targeting a price of $280. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for JPMorgan Chase with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Markets

Market Whales and Their Recent Bets on JPM Options

Financial giants have made a conspicuous bearish move on Vistra. Our analysis of options history for Vistra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>) revealed 112 unusual trades.
Delving into the details, we found 29% of traders were bullish, while 59% showed bearish tendencies. Out of all the trades we spotted, 67 were puts, with a value of $2,892,018, and 45 were calls, valued at $4,045,157.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $260.0 for Vistra over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Vistra's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Vistra's whale activity within a strike price range from $50.0 to $260.0 in the last 30 days. 
<h3>Vistra Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737564401_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>VST</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$20.6</td>
<td>$19.9</td>
<td>$20.09</td>
<td>$170.00</td>
<td>$200.9K</td>
<td align="right">248</td>
<td>619</td>
</tr>
<tr>
<td>VST</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$19.0</td>
<td>$18.45</td>
<td>$18.81</td>
<td>$170.00</td>
<td>$188.0K</td>
<td align="right">248</td>
<td>823</td>
</tr>
<tr>
<td>VST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$11.65</td>
<td>$11.6</td>
<td>$11.6</td>
<td>$185.00</td>
<td>$170.5K</td>
<td align="right">190</td>
<td>276</td>
</tr>
<tr>
<td>VST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.35</td>
<td>$9.2</td>
<td>$9.2</td>
<td>$180.00</td>
<td>$154.1K</td>
<td align="right">191</td>
<td>3.2K</td>
</tr>
<tr>
<td>VST</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$9.05</td>
<td>$8.65</td>
<td>$9.05</td>
<td>$180.00</td>
<td>$104.0K</td>
<td align="right">191</td>
<td>3.8K</td>
</tr>
</tbody>
</table>

<h3>About Vistra</h3>
Vistra Energy is one of the largest power producers and retail energy providers in the us Following the 2024 Energy Harbor acquisition, Vistra owns 41 gigawatts of nuclear, coal, natural gas, and solar power generation along with one of the largest utility-scale battery projects in the world. Its retail electricity business serves 5 million customers in 20 states, including almost a third of all Texas electricity consumers. Vistra emerged from the Energy Future Holdings bankruptcy as a stand-alone entity in 2016. It acquired Dynegy in 2018.
<h3>Where Is Vistra Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 5,234,782, with VST's price up by 0.42%, positioned at $186.12.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 35 days.</li>
</ul>
<h3>What The Experts Say On Vistra</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $188.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Reflecting concerns, an analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $202. 
&#x2A; Maintaining their stance, an analyst from UBS continues to hold a Buy rating for Vistra, targeting a price of $174. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Vistra with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Spotlight on Vistra: Analyzing the Surge in Options Activity

Whales with a lot of money to spend have taken a noticeably bullish stance on ON Semiconductor.
Looking at options history for ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 25% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $264,636 and 4, calls, for a total amount of $169,560.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $50.0 to $75.0 for ON Semiconductor over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of ON Semiconductor stands at 1408.0, with a total volume reaching 955.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in ON Semiconductor, situated within the strike price corridor from $50.0 to $75.0, throughout the last 30 days.
<h3>ON Semiconductor Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737564396_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$12.2</td>
<td>$12.1</td>
<td>$12.2</td>
<td>$65.00</td>
<td>$137.8K</td>
<td>33</td>
<td align="right">114</td>
</tr>
<tr>
<td>ON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$8.65</td>
<td>$8.5</td>
<td>$8.5</td>
<td>$55.00</td>
<td>$69.7K</td>
<td>982</td>
<td align="right">13</td>
</tr>
<tr>
<td>ON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$2.03</td>
<td>$1.93</td>
<td>$2.03</td>
<td>$60.00</td>
<td>$60.8K</td>
<td>5.0K</td>
<td align="right">313</td>
</tr>
<tr>
<td>ON</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$9.15</td>
<td>$8.95</td>
<td>$9.06</td>
<td>$50.00</td>
<td>$54.3K</td>
<td>51</td>
<td align="right">170</td>
</tr>
<tr>
<td>ON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$14.4</td>
<td>$14.15</td>
<td>$14.2</td>
<td>$65.00</td>
<td>$31.2K</td>
<td>1.1K</td>
<td align="right">35</td>
</tr>
</tbody>
</table>

<h3>About ON Semiconductor</h3>
Onsemi is a supplier of power semiconductors and sensors focused on the automotive and industrial markets. Onsemi is the second-largest power chipmaker in the world and the largest supplier of image sensors to the automotive market. While the firm used to be highly vertically integrated, it now pursues a hybrid manufacturing strategy for flexible capacity. Onsemi is pivoting to focus on emerging applications like electric vehicles, autonomous vehicles, industrial automation, and renewable energy.
<h3>Current Position of ON Semiconductor</h3>
<ul>
<li>With a volume of 1,863,364, the price of ON is up 1.19% at $56.27. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 12 days.</li>
</ul>
<h3>What Analysts Are Saying About ON Semiconductor</h3>
In the last month, 4 experts released ratings on this stock with an average target price of $71.75.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Truist Securities has revised its rating downward to Hold, adjusting the price target to $60. 
&#x2A; An analyst from Goldman Sachs has decided to maintain their Buy rating on ON Semiconductor, which currently sits at a price target of $77. 
&#x2A; An analyst from Keybanc persists with their Overweight rating on ON Semiconductor, maintaining a target price of $70. 
&#x2A; An analyst from Wells Fargo has decided to maintain their Overweight rating on ON Semiconductor, which currently sits at a price target of $80. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest ON Semiconductor options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Market Whales and Their Recent Bets on ON Semiconductor Options

Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) has outperformed the market over the past 10 years by 6.66% on an annualized basis producing an average annual return of 18.26%. Currently, Autodesk has a market capitalization of $64.73 billion. 
Buying $1000 In ADSK: If an investor had bought $1000 of ADSK stock 10 years ago, it would be worth $5,158.17 today based on a price of $300.36 for ADSK at the time of writing.
<h3>Autodesk's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737564381_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADSK

Here's How Much $1000 Invested In Autodesk 10 Years Ago Would Be Worth Today

WIIM

Western Digital shares are trading higher in sympathy with Seagate, which beat Q2 EPS and revenue estimates.

When a mother in New York City realized her son's iPhone was missing, she did what many parents would do – she immediately opened Apple's Find My app to track the device. What she discovered was both frustrating and fascinating, as the stolen iPhone went on an international adventure highlighting just how organized the black market for stolen electronics has become.
<img loading="lazy" decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXetH9B3MpyuiAHial3E3vQjgbtdfW0gWQlHXt312V1tjFIxKrbNsS6a5JyHTMXrbBXQEbkKS2iJa5IN-qH0u0A5eDWvuiaS9UGTqw_nC2EV1G2M7-3MF5uTmhI5oXTrkPpUEPl9iA?key=91luIPvlMOBWpfDqwX6LRxCC" width="537" height="576" />
Don't Miss:
<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/1milsaved"> The percentage may shock you</a>.</li>
</ul>
<h2 class="wp-block-heading">From NYC to Shenzhen</h2>
The phone's journey began on Oct. 30 in NYC when it was snatched. First, it appeared in an apartment complex in the Bronx, then sat in a Long Island warehouse for a few days. Months later, it resurfaced nearly 8,000 miles away in Shenzhen, China, a well-known city hub for electronics manufacturing and repair.
By this point, the device was locked and useless to whoever had it, thanks to Apple's Activation Lock – a feature designed to prevent thieves from resetting and reselling stolen phones. Despite this, the phone's destination made sense. Shenzhen is home to Huaqiangbei, a sprawling electronics market where stolen phones are dismantled for parts or reassembled into &#8220;new&#8221; devices.
<h2 class="wp-block-heading">The Scale of the Problem</h2>
Smartphone theft is a widespread issue in the United States. Allstate estimates that 5% or an estimated 14.7 million phones were stolen in 2023 alone. Since iPhones make up about 50% of the smartphone market in the U.S., this translates to approximately 7.35 million stolen iPhones in a year. The financial damage is immense, not just in the cost of the devices but also in the security risks posed by potential data breaches.
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<h2 class="wp-block-heading">What Frustrated Her Most</h2>
Oddly enough, losing the iPhone wasn't the most infuriating part of the ordeal. What truly <a href="https://www.reddit.com/r/iphone/comments/1hzs1mn/sons_stolen_iphone_goes_on_a_journey_from_nyc_to/">upset</a> the mother was the lack of interest from local authorities. She filed a police report with the NYPD immediately after the theft, but the response was underwhelming. Even when the phone's location was trackable in NYC, nothing was done to investigate.
"I'm not that mad about losing this one phone," she shared, "but I wish the NYPD had looked into the Long Island warehouse before it left NY. I bet there are a ton of other phones going through this same path." Her frustration resonated with others online, as many shared similar stories of police apathy toward stolen phones.
As one person said, &#8220;And I thought only in India police are not interested in stolen phone cases. Well, this has been the same for the entire world. Looks like a nexus to bring the phone to China where tracking is difficult because of the poor treaty.&#8221;
Another tried explaining things further: &#8220;People don't understand that filing a police report is literally just a report. It's not a request for the police to look into it or a declaration by the police that they will look into it.&#8221;
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<h2 class="wp-block-heading">How the Black Market Thrives</h2>
Shenzhen's Huaqiangbei district has become a hotbed for dismantling stolen devices. While Apple's Activation Lock, part of its <a href="https://www.benzinga.com/news/23/12/36385255/how-to-turn-on-apples-stolen-device-protection-on-your-shiny-new-iphone">Stolen Device Protection</a> measures, makes it nearly impossible to reuse an iPhone, individual components like screens, batteries and chips can still be salvaged and sold.
In some cases, thieves even <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36740248/hackers-steal-580-000-with-fake-airdrop-links-in-phishing-mail-scam">scam</a> the original owners into removing the Activation Lock by sending fake messages claiming to be from Apple. Or, as someone said, &#8220;He'll start getting messages from someone claiming that they bought it and need him to remove the activation lock. Don't do it. Block and ignore. Eventually, they'll start threatening him. Again, ignore. They can't do anything.&#8221;
Organized networks route phones from theft hotspots like NYC to international markets, with Shenzhen being one of the biggest destinations.
These operations are so well-oiled that stolen phones are often shipped in bulk, passing through intermediaries.&nbsp;
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A Mother Tracks Her Son's Stolen iPhone On An 8,000-Mile Trip From NYC To Shenzhen, China – Here's What Irks Her More Than Losing The Phone

Despite <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43096311/exclusive-trump-does-not-establish-bitcoin-reserve-crypto-friendly-policies-on-day-1-and-now">no immediate action</a> from freshly-inaugurated president Donald Trump, the odds of a strategic Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) reserve in 2025 have increased on prediction market Kalshi.
A <a href="https://kalshi.com/markets/kxbtcreserve/bitcoin-reserve#kxbtcreserve-26">market</a> shows a 64% probability, up from 55% at the start of 2025 and 61% on inauguration day. Further crypto-related markets have seen movement following the president&#8217;s inauguration.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Kalshi Prediction Markets</td>
<td>Current Odds</td>
<td>Odds On Inauguration Day</td>
</tr>
<tr>
<td>Federal crypto regulation this year?</td>
<td>54%</td>
<td>53%</td>
</tr>
<tr>
<td>Will a new country buy Bitcoin this year?</td>
<td>85%</td>
<td>76%</td>
</tr>
<tr>
<td>Wil Bitcoin be legalized in China this year?</td>
<td>15%</td>
<td>21%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Bitcoin investor Fred Krueger has mixed feelings about the plans, calling a Strategic Bitcoin Reserve inevitable but unlikely to reach meaningful levels under the Trump administration, which he views as only partially embracing Bitcoin.
Krueger <a href="https://x.com/dotkrueger/status/1881719585386197338">highlighted</a> World Liberty Financials' $47 million Bitcoin purchase as a key milestone, emphasizing that Bitcoin's rise to $1 million remains unstoppable regardless of government involvement. 
"External factors won't derail Bitcoin's trajectory," he <a href="https://x.com/dotkrueger/status/1882016783726789027">stated</a>, expressing optimism for a bullish market in 2025.
Community News: At the World Economic Forum in Davos, Coinbase CEO Brian Armstrong said Trump is eager to lead the charge on Bitcoin adoption, aiming to become the first "Bitcoin President."
Armstrong also acknowledged Senator Cynthia Lummis's (R-Wyo.) legislative efforts to establish a reserve.
Armstrong <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43105840/coinbase-ceo-brian-armstrong-says-bitcoins-future-is-bright-the-dawn-of-a-new-day-for-crypto">stressed</a> the importance of governments holding Bitcoin alongside gold and other reserves, stating, "Any government holding gold should also hold Bitcoin." He argued that the global shift toward a Bitcoin standard is well underway.
Currently, 12 U.S. states are actively supporting Bitcoin reserve legislation. 
Marathon Digital's CEO is <a href="https://x.com/BTC_Archive/status/1882061965205680235">reportedly</a> working to expand these efforts to all 50 states.
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Image: Wikimedia Commons

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Strategic Bitcoin Reserve Probability Up To 64% Despite Trump Silence On Crypto

Stephens &amp; Co. analyst Jeff Lick initiates coverage on Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) with a Equal-Weight rating and announces Price Target of $20.

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Stephens & Co. Initiates Coverage On Openlane with Equal-Weight Rating, Announces Price Target of $20

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Stephens &amp; Co. analyst Daniel Imbro initiates coverage on ACV Auctions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACVA#NASDAQ">ACVA</a>) with a Equal-Weight rating and announces Price Target of $20.5.

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Schlumberger N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>), a global energy technology company, and Star Energy Geothermal, a subsidiary of Indonesian renewable energy company Barito Renewables, entered into a partnership to <a target="_blank" href="https://www.slb.com/news-and-insights/newsroom/press-release/2025/slb-and-star-energy-geothermal-announce-technology-collaboration" rel="noreferrer noopener">boost geothermal technology</a>.
This collaboration is designed to enhance the cost-effectiveness and operational efficiency of geothermal projects, concentrating on boosting recovery rates and minimizing project-related risks.
This partnership integrates Star Energy Geothermal&#8217;s geothermal development knowledge with SLB&#8217;s energy technology solutions expertise.
This partnership follows previous joint efforts by SLB and Star Energy Geothermal to optimize geothermal well placements and incorporate artificial intelligence for improved drilling efficiency.
Going forward, the two companies will focus on advancing technologies for subsurface characterization, drilling, and geothermal asset production.
&#8220;In an industry where the risks and levelized cost of energy are perceived to be high, we look forward to working with Star Energy Geothermal to deliver groundbreaking technologies that will lower project risks and improve the overall project economics of this clean, firm and flexible energy source,&#8221; said Vice President of Renewables and Energy Efficiency at SLB, Irlan Amir.
Last week, SLB reported fourth-quarter results, with revenue rising 3% year over year to $9.28 billion and adjusted <a target="_blank" href="https://www.benzinga.com/25/01/43055401/schlumberger-posts-strong-q4-results-raises-dividend-and-buybacks-championx-deal-to-strengthen-future-growth" rel="noreferrer noopener">EPS increasing 7% to 92 cents</a>.
JP Morgan analyst Arun Jayaram recently highlighted that SLB is rapidly advancing the use and integration of digital technologies, recognizing it as a major driver of <a target="_blank" href="https://www.benzinga.com/news/25/01/43111724/slb-defies-market-expectations-says-jp-morgan" rel="noreferrer noopener">growth for the company</a>.
Price Action: SLB shares are trading lower by 2.2% at $42.78 at the last check Wednesday.
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Piper Sandler analyst Scott Siefers reiterates Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) with a Overweight and lowers the price target from $54 to $53.

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Stephens &amp; Co. analyst Matt Olney maintains BOK Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOKF#NASDAQ">BOKF</a>) with a Equal-Weight and lowers the price target from $135 to $127.

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Shares of EV stocks are trading lower on continued weakness after President Donald Trump revoked Biden's EV mandate.

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Watching Schrodinger; Hunterbrook Issues Report On Co Titled "Schrödinger: The Nvidia Biotech Partner Jensen Huang Told To 'Think Bigger'"

Stephens &amp; Co. analyst Terry McEvoy maintains Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) with a Equal-Weight and raises the price target from $62 to $64.

ZION

Stephens & Co. Maintains Equal-Weight on Zions Bancorp, Raises Price Target to $64

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