Latest news for Janel (OTC:JANL) Stock

Janel Corp is a holding company. The company's operating segments include Logistics Services, Manufacturing, and Life Sciences. The logistics Services segment is a full-service provider of cargo transportation logistics management services, including freight forwarding via air, ocean, land-based carriers, customs brokerage services, warehousing, and distribution services. The Manufacturing segment manufactures and distributes industrial mixing equipment and apparatus for specific applications within various industries. The Life Sciences segment manufactures and distributes monoclonal and polyclonal antibodies, diagnostic reagents, and other immunoreagents for biomedical research. It generates maximum revenue from the Logistics Services segment.

Movers

Trading Ideas

JANL

RBCN

Rubicon Technology Inc (NASDAQ: RBCN) shares are trading higher Tuesday after the company announced that it entered into a definitive stock purchase and sale agreement with Janel Corporation (Pink: JANL).&lt;/

Why Rubicon Technology Stock Is Soaring Today

Janel Corp

Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) reported quarterly earnings of $0.64 per share which beat the analyst consensus estimate of $0.59 by 8.47 percent. This is a 39.13 percent increase over earnings of $0.46 per share from the same period last year. The company reported quarterly sales of $5.43 billion which beat the analyst consensus estimate of $5.29 billion by 2.50 percent. This is a 4.17 percent increase over sales of $5.21 billion the same period last year.

Earnings

Earnings Beats

News

Johnson Controls Intl Q1 2025 Adj EPS $0.64 Beats $0.59 Estimate, Sales $5.43B Beat $5.29B Estimate

Timken Says It Is Implementing Cost Reduction Actions That Are Expected To Generate Gross Savings Of $75M In 2025

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Baird analyst Peter Arment upgraded Mercury Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>) from Neutral to Outperform and raised the price target from $37 to $58. Mercury shares closed at $42.09 on Tuesday. <a href="https://www.benzinga.com/quote/MRCY/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Brian Tanquilut upgraded the rating for Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) from Hold to Buy and raised the price target from $140 to $150. Cardinal Health shares closed at $125.17 on Tuesday. <a href="https://www.benzinga.com/quote/CAH/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Kenneth Worthington upgraded Janus Henderson Group plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JHG#NYSE">JHG</a>) from Neutral to Overweight and boosted the price target from $44 to $53. Janus Henderson shares closed at $44.02 on Tuesday. <a href="https://www.benzinga.com/quote/JHG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Christopher Danely upgraded the rating for NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) from Sell to Neutral and raised the price target from $200 to $210. NXP Semiconductors shares closed at $202.40 on Tuesday. <a href="https://www.benzinga.com/quote/NXPI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Benchmark analyst Cody Acree upgraded Silicon Laboratories Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) from Hold to Buy and maintained the price target of $160. Silicon Laboratories shares closed at $136.60 on Tuesday. <a href="https://www.benzinga.com/quote/SLAB/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying NXPI stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="612" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05065433/image-40-1024x612.png" alt="" class="wp-image-766905" style="width:585px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05065433/image-40-1024x612.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05065433/image-40-300x179.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05065433/image-40-768x459.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/05065433/image-40.png 1082w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/25/02/43460681/jim-cramer-says-no-to-bigbear-ai-recommends-buying-this-tech-stock">Jim Cramer Says No To BigBear.ai, Recommends Buying This Tech Stock</a></li>
</ul>

Upgrades

Pre-Market Outlook

Markets

Analyst Ratings

Janus Henderson Group plc Ordinary Shares

MRCY

NXPI

SLAB

This NXP Semiconductors Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Wednesday

Guidance

Harley-Davidson shares are trading lower following a Q4 earnings miss.

Timken Sees 2025 Adjusted EPS Of $5.30 - $5.80, Est $6.32; Revenue To Decline 4% To 1% In Total YoY, Including Unfavorable Foreign Currency Translation

Harley-Davidson Sees Full-Year HDMC Revenue Flat To Down 5%, Operating Income Margin 7.0%-8.0%, Sees Full-Year Diluted EPS Flat To Down 5%

Harley-Davidson Q4 HDMC Revenue $420.489M

Timken (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TKR#NYSE">TKR</a>) reported quarterly earnings of $1.16 per share which beat the analyst consensus estimate of $0.99 by 17.17 percent. This is a 15.33 percent decrease over earnings of $1.37 per share from the same period last year. The company reported quarterly sales of $1.07 billion which met the analyst consensus estimate. This is a 1.65 percent decrease over sales of $1.09 billion the same period last year.

Timken Q4 2024 Adj EPS $1.16 Beats $0.99 Estimate, Sales $1.073B Beats $1.067B Estimate

On Tuesday, February 4, U.S. markets closed higher, driven by energy sector gains, as optimism grew over a potential U.S.-China trade breakthrough. Trump delayed Mexico-Canada tariffs but imposed new levies on China, prompting retaliation. Strong corporate earnings lifted sentiment, with <a target="_blank" href="https://www.benzinga.com/news/earnings/earnings-beats/25/02/43468342/palantir-rockets-on-strong-q4-2024-was-only-a-dress-rehearsal-for-ai-growth-says-analyst" rel="noreferrer noopener">Palantir surging 24%.</a> Fed officials warned of inflation risks from tariffs, while job openings missed expectations.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/25/02/43485885/pharma-bro-martin-shkreli-defends-palantirs-valuation-amid-24-surge-says-ai-firms-cash-flow-justifies-expensive-price" rel="noreferrer noopener">&#8216;Pharma Bro&#8217; Martin Shkreli Defends Palantir&#8217;s Valuation Amid 24% Surge, Says AI Firm&#8217;s Cash Flow Justifies &#8216;Expensive&#8217; Price</a>.
In economic data, U.S. job openings fell by 556,000 to 7.6 million in December, missing estimates of 8.0 million. Factory orders dropped 0.9% to $578.5 billion, following a revised 0.8% decline in November.
Most S&amp;P 500 sectors ended higher, led by energy, tech, and communication services, while utilities and consumer staples declined.
The Dow Jones Industrial Average was up 0.30% and closed at 44,556.04, the S&amp;P 500 closed higher by 0.72% at 6,037.88, and the Nasdaq Composite rose 1.35% to finish at 19,654.02.
Aisa Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 closed higher by 0.08% at 38,809.00, led by gains in the Textile, Marine Transport, and Services sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 gained 0.51% at 8,416.90, led by gains in the Gold, Metals &amp; Mining and Resources sectors.</li>
<li>India's Nifty 50 closed lower by 0.23% at 23,685.10, while Nifty 500 rose 0.22% closing at 21,776.00,</li>
<li>China&#8217;s Shanghai Composite fell 0.63% and closed at 3,229.49; Shanghai Shenzhen CSI 300 was down 0.56% at 3,795.08.</li>
<li>Hong Kong&#8217;s Hang Seng closed the session lower by 0.93% at 20,597.09.</li>
<li>Chinese markets fell as U.S.-China trade tensions escalated, with Shanghai and Hong Kong indexes declining. China announced retaliatory tariffs on U.S. goods, effective February 10, 2025.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 was down 0.22%.</li>
<li>Germany&#8217;s DAX fell 0.24%.</li>
<li>France&#8217;s CAC declined 0.25%.</li>
<li>U.K.&#8217;s FTSE index 100 traded lower by 0.01%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading lower by 0.85% at $72.05/bbl, and Brent was down 0.88% at $75.53/bbl.</li>
<li>Oil prices declined as rising U.S. stockpiles and escalating trade tensions with China fueled economic growth concerns, countering Trump&#8217;s efforts to restrict Iranian crude exports.</li>
<li>Natural Gas declined 1.35% to $3.210.</li>
<li>Gold was trading higher by 0.55% at $2,891.46, Silver was down 0.16% to $32.965, and Copper rose 0.32% to $4.3680.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures were down 0.20%, S&amp;P 500 futures declined 0.56% and Nasdaq 100 futures slid 0.95%.
Forex at 05:30 AM ET
<ul>
<li>The U.S. dollar index declined 0.54% to 107.42, the USD/JPY fell 1.11% to 152.64, and the USD/AUD fell 0.49% to 1.5907.</li>
<li>The yuan weakened as U.S.-China trade tensions hit markets, while the yen surged on expectations of Bank of Japan rate hikes. The dollar fell against major currencies, with traders watching China&#8217;s response to tariffs and potential U.S. negotiations. Japan&#8217;s strong wage data fueled further yen gains.</li>
</ul>
Photo by Pavel Bobrovskiy via Shutterstock

Asia

Emerging Markets

Eurozone

Futures

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Markets Mixed, Europe Slips As China's Tariff Retaliation Hits Sentiment - Global Markets Today While US Slept

Canaccord Genuity analyst Maria Ripps maintains Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) with a Buy and raises the price target from $650 to $700.

Price Target

SPOT

Canaccord Genuity Maintains Buy on Spotify Technology, Raises Price Target to $700

META REVERSES EARLY WEAKNESS AT TIME OF ALERT 
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="728" height="639" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/04212646/Screen-Shot-2025-02-04-at-4.18.30-PM.png" alt="" class="wp-image-5470" style="width:728px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/04212646/Screen-Shot-2025-02-04-at-4.18.30-PM.png 728w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/02/04212646/Screen-Shot-2025-02-04-at-4.18.30-PM-300x263.png 300w" sizes="(max-width: 728px) 100vw, 728px" /></figure>
Meta Platforms, Inc. (META) today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. 
Today, at 10:10 AM on February 4th, a significant trading signal occurred for Meta Platforms, Inc. (META) as it demonstrated a Power Inflow at a price of $696.21. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Meta&#8217;s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Meta&#8217;s stock price, interpreting this event as a bullish sign.
Signal description
Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted as a bullish signal by active traders.&nbsp;
The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock&#8217;s overall direction, powered by institutional activity in the stock, for the remainder of the day.&nbsp;
By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and potentially improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success
If you want to stay updated on the latest options trades for META, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts. 
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data brought to you by Benzinga APIs</a> and include firms, like&nbsp; &nbsp; <a href="https://www.tradepulse.net">https://www.tradepulse.net</a>&nbsp; which are responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
After Market Close UPDATE:
The price at the time of the Power Inflow was $696.21. The returns on the High price ($707.71) and Close price ($704.18) after the Power Inflow were respectively 1.7% and 1.2%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case the high of the day and close were very close but that is not always the case
Past Performance is Not Indicative of Future Results

Equities

Technicals

TRADEPULSE POWER INFLOW ALERT: META PLATFORMS INC.,META, MOVES UP OVER 1.5 % AFTER ALERT FROM TRADEPULSE.

Earnings Misses

Harley-Davidson Q4 2024 GAAP EPS $(0.93) Misses $(0.67) Estimate

WIIM

CPRI

Capri Holdings shares are trading lower after the company reported worse-than-expected Q3 financial results and FY25, FY26 outlook.

Canaccord Genuity analyst Richard Close maintains Premier (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PINC#NASDAQ">PINC</a>) with a Hold and lowers the price target from $21 to $19.

PINC

Canaccord Genuity Maintains Hold on Premier, Lowers Price Target to $19

Vestas Wind Systems (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWDRY#OTC">VWDRY</a>) announced its Q4 earnings on Wednesday, February 5, 2025 at 03:00 AM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
Vestas Wind Systems beat estimated earnings by 31.0%, reporting an EPS of $0.21 versus an estimate of $0.16.
Revenue was up $1.42 billion from the same period last year.
<h3>Analysis of Past Earnings</h3>
In the previous quarter, the company missed on EPS by $0.03, resulting in a 14.000000000000002% drop change in the share price the following day.

To track all earnings releases for Vestas Wind Systems <a href="https://www.benzinga.com/quote/VWDRY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

VWDRY

Vestas Wind Systems Earnings Analysis: Q4 Recap

Fiscal Year 2026 Outlook
For Capri Holdings, the Company expects the following:
<ul>
<li>Total revenue of approximately $4.1 billion, including a negative impact of approximately $100 million from foreign currency</li>
<li>Adjusted operating income of approximately $150 million</li>
</ul>
For Versace, the Company expects the following:
<ul>
<li>Total revenue of approximately $800 million, including a negative impact of approximately $25 million from foreign currency</li>
<li>Operating margin of approximately break-even</li>
</ul>
For Jimmy Choo, the Company expects the following:
<ul>
<li>Total revenue of approximately $550 million, including a negative impact of approximately $15 million from foreign currency</li>
<li>Operating margin slightly negative</li>
</ul>
For Michael Kors, the Company expects the following:
<ul>
<li>Total revenue of approximately $2.75 billion, including a negative impact of approximately $60 million from foreign currency</li>
<li>Operating margin in the low-double-digit range</li>
</ul>

Capri Holdings Sees FY26 Revenue Of $4.10B Vs. $4.52B Estimate

Canaccord Genuity analyst Susan Anderson maintains Estee Lauder Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EL#NYSE">EL</a>) with a Hold and lowers the price target from $76 to $70.

Canaccord Genuity Maintains Hold on Estee Lauder Cos, Lowers Price Target to $70

Fiscal Year 2025 Outlook
For Capri Holdings, the Company expects the following:
<ul>
<li>Total revenue of approximately $4.4 billion, including a negative impact of approximately $40 million from foreign currency</li>
<li>Adjusted operating income of approximately $100 million</li>
<li>Ending inventory to be below prior year</li>
</ul>
For Versace, the Company expects the following:
<ul>
<li>Total revenue of approximately $810 million, including a negative impact of approximately $10 million from foreign currency</li>
<li>Operating margin in the negative high-single-digit range</li>
</ul>
For Jimmy Choo, the Company expects the following:
<ul>
<li>Total revenue of approximately $600 million, including a negative impact of approximately $5 million from foreign currency</li>
<li>Operating margin in the negative low-single-digit range</li>
</ul>
For Michael Kors, the Company expects the following:
<ul>
<li>Total revenue of approximately $3.0 billion, including a negative impact of approximately $25 million from foreign currency</li>
<li>Operating margin in the low-double-digit range</li>
</ul>

Capri Holdings Sees FY25 Revenue Of $4.40B Vs. $4.51B Estimate

President Donald Trump is ushering in the age of Bitcoin and crypto with his support of a Bitcoin Reserve Act, which will likely make its way through the Senate during the President&#8217;s second term. Meanwhile, Securities and Exchange Commission (SEC) Chairman Gary Gensler, who actively prosecuted crypto projects as unregistered securities, is no longer in charge of the SEC.
The crypto sector has already seen the benefits of a Trump Presidency. Indeed, Trump&#8217;s election caused Bitcoin's price to skyrocket by more than 40 percent in the aftermath of his US presidential election victory. The crypto optimism hails in part from Trump campaign trail promises to establish a Bitcoin Reserve. Republican Senator Cynthia Lummis, from Wyoming, introduced the Bitcoin Reserve Act, which would direct the US Treasury to sell gold certificates, buy Bitcoin, and hold it for twenty years.
Trump has also generally embraced crypto. Both Trump and his wife, First Lady Melania Trump, have launched their own NFTs, and the Trump family have put their name on World Liberty Financial (WLF), a decentralized finance (DeFi) platform based around borrowing and lending, with a particular emphasis on stablecoins. Bitcoin Reserve Under Trump 
It's easy to see how a Bitcoin Reserve would benefit most Americans, and Trump knows it. The national debt, after all, has reached $36 trillion, an unsustainable level. The interest rates on that debt have topped $1 trillion. An increase in the price of Bitcoin could help pay down that debt. 
Getting Americans used to the idea of holding Bitcoin could benefit them, as well. After all, any individual can hold millions of dollars worth of Bitcoin on their person. Furthermore, Bitcoin is semi-anonymous. Wallets are identifiable only through a public 27-34 character alphanumeric key. It's an asset one holds and secures with a seed phrase. Investors already use Bitcoin as a means of diversification away from stocks and bonds.&nbsp;
Moreover, Bitcoin is 24/7 and precludes the need for banks or Central Bank Digital Currencies (CBDC). By opting to go digital via the private sector, Trump could ensure the nation avoids the pitfalls of a centrally controlled CBDC.
What's more, the world's view—in particular politicians and regulators—about Bitcoin has radically changed over the past decade, especially since the COVID-19 pandemic. That caused a paradigm shift, especially as inflation ravaged consumer's wallets.
The whole entire world has come to see Bitcoin as an asset, not as a currency. This has nullified the concern that Bitcoin could undermine fiat currency. Bitcoin is in competition with gold more than it is with the US Dollar. After all, its claims to being a peer-to-peer electronic cash as described by Satoshi have fallen to the wayside, and its long been seen more as a digital gold.&nbsp;
Major institutions are predicting Bitcoin will climb to eight figures. VanEck believes Bitcoin will go to $52 million by the 2040s. Their base case is $2.9 million.&nbsp;
The price growth only encourages people to hold Bitcoin and hold Bitcoin tightly. It&#8217;s no longer seen as an internet currency. El Salvador was the only country on earth where businesses had to accept it as a payment, though President Nayib Bukele recently changed the law at the behest of the International Monetary Fund (IMF). It is still holding Bitcoin as a reserve asset, however.
Traditional financial assets are connected to cash flows like interest or dividends. Since it is an inelastic asset, higher prices do not expand the Bitcoin supply from 21 million. Nearly 20 million have already been mined. Therefore, bitcoiners know what a government Bitcoin Reserve means for the price of Bitcoin.&nbsp;
The Bitcoin Reserve Act requires the government to buy one million bitcoin over five years and then hold it for twenty years alongside bitcoin confiscated by law enforcement during the course of criminal investigations.&nbsp;
The prospect of this bill alone, as well as Trump's positive attitude towards Bitcoin, is already causing a run to Bitcoin as institutional investors try to beat the government to the punch.&nbsp;
The bill requires the government to purchase one million Bitcoin over five years, and then hold it for at least 20 years, along with Bitcoin already confiscated from criminal enterprises. If enacted, this would undoubtedly send the price soaring, as investors piled in to get ahead of the government's purchases.
What About Those Who Don't Hold Any Bitcoin?
How does a Bitcoin Reserve benefit the people in the United States who do not own Bitcoin? It benefits them because Bitcoin is the exit strategy from a fiat-based world of fractional reserve banking with its risk of bank runs, moral hazard, unequal wealth distribution, central bank dependence, inflation, and more.
Amid sky high national debt, the holding of Bitcoin by the US government could protect the nation's debt rating from downgrade in a manner similar to how El Salvador's credit rating has been increased since it began to purchase Bitcoin and pay down and refinance its debt.&nbsp;
Under the Bitcoin Reserve Act, the Treasury would not have to borrow and drive up the cost to service the debt, nor would the Federal Reserve have to create money and cause inflation. The Bitcoin Reserve Act instead proposes selling gold certificates.&nbsp;
The Trump administration will likely work on a set of laws and regulations to make the industry feel safe operating in the US.&nbsp;
A lot is going right for Bitcoin and crypto at the current moment. On the campaign trail, Trump said he would work on stablecoin regulation, as well, such as defining them legislatively whether they are currencies or securities. Under SEC Chair Gary Gensler, the Agency would have perhaps categorized them as securities. 
This was at least a worry among many crypto advocates. Under Trump's appointment to the SEC, the likelihood that stablecoins would be classified as a currency, and not as a security, has potentially increased. That would mean individuals can hold them in a similar fashion to how they hold fiat currency in their wallets.
Crypto could make the financial system less expensive and easier to use for asset trading, remittances, and more. After years of regulatory uncertainty, it looks like Trump will be the one to put the guardrails in. His light approach to regulation makes it seem like a golden age for Bitcoin and crypto is settling in upon the land. And, since the US has so much influence globally as world reserve currency, the effects will be felt globally.

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

Cryptocurrency

The Trump Bitcoin Reserve Ushers in Golden Age

Evercore (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVR#NYSE">EVR</a>) reported quarterly earnings of $3.41 per share which beat the analyst consensus estimate of $2.85 by 19.65 percent. This is a 68.81 percent increase over earnings of $2.02 per share from the same period last year. The company reported quarterly sales of $980.50 million which beat the analyst consensus estimate of $885.07 million by 10.78 percent. This is a 24.06 percent increase over sales of $790.33 million the same period last year.

Evercore Q4 Adj EPS $3.41 Beats $2.85 Estimate, Sales $980.50M Beat $885.07M Estimate

Janel

Rubicon Technology&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBCN#NASDAQ">RBCN</a>) shares are trading higher Tuesday after the company announced that it&nbsp;entered into a definitive stock purchase and sale agreement&nbsp;with Janel Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JANL#OTC">JANL</a>).

Pursuant to the agreement,&nbsp;Janel will commence a cash tender offer to purchase up to&nbsp;45%&nbsp;of the outstanding shares of Rubicon&nbsp;for&nbsp;$20&nbsp;per share. The sale agreement has been unanimously approved by the board of directors of both companies.

The offer is expected to&nbsp;commence within the next 10 business days, with the closing anticipated to be approximately 30 days thereafter.&nbsp;Upon completion of the&nbsp;offer, Rubicon will distribute&nbsp;$11&nbsp;per share in cash&nbsp;to the company&#39;s shareholders.&nbsp;

Rubicon is an advance materials provider specializing in monocrystalline sapphire products for optical systems and expertise extending from the preparation of raw aluminum oxide through sapphire crystal growth and fabrication.

See Also:&nbsp;<a href="https://www.benzinga.com/news/22/07/27951516/benzinga-before-the-bell-and-other-top-financial-stories-tuesday-july-5">Benzinga Before The Bell: Record Inflows In &#39;Short Bitcoin&#39; Funds, Elon Mus&#39;s Trillionaire Possibility, Gmail&#39;s Political Bias And Other Top Financial Stories Tuesday, July 5</a>

RBCN Price Action: Rubicon is making new 52-week highs on Tuesday.

The stock was up 66.8% at $15.15 at press time, according to data from&nbsp;<a href="https://benzinga.grsm.io/gxjhpowx7zks">Benzinga Pro</a>.

Rubicon Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBCN#NASDAQ">RBCN</a>) (&quot;Rubicon&rdquo; or the &ldquo;Company&quot;) announced today that it has entered into a definitive Stock Purchase and Sale Agreement (the &quot;Sale Agreement&quot;) with Janel Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/JANL#OTC">JANL</a>) (&quot;Janel&quot;), pursuant to which Janel will commence a cash tender offer to purchase up to 45% of the outstanding shares of Rubicon&#39;s common stock on a fully-diluted basis at a price of $20.00 per share. The offer price represents approximately 120% premium to the Company&#39;s closing stock price on the NASDAQ of $9.10 on July 1, 2022. The Sale Agreement and the transactions contemplated thereby have been unanimously approved by the board of directors of both companies. Janel&#39;s obligation to complete the tender offer, among other things, is subject to the receipt of at least 35% of the outstanding shares of Rubicon&#39;s common stock on a fully-diluted basis.

Upon completion of the tender offer, Rubicon will distribute cash in the amount of $11.00 per share (the &ldquo;Distribution&rdquo;) to the Company&rsquo;s stockholders. Upon closing of the tender offer, two of Rubicon&rsquo;s current directors will resign and Janel will have the right to select two individuals to fill the vacancies created by the resignations.&nbsp; As soon as practicable subsequent to the tender closing and the Distribution, Rubicon intends to commence the process to voluntarily delist from the Nasdaq Stock Market and deregister its securities with the Securities and Exchange Commission.

Bandera Partners LLC, Sententia Capital Management LLC, Poplar Point Capital Management LLC and Aldebaran Capital, LLC, the Company&rsquo;s four largest stockholders, have entered into agreements with Janel respectively committing to tender all of their Rubicon common stock on the same terms as all of Rubicon&rsquo;s other stockholders.

&quot;After careful and thorough analysis, together with the advice of our advisors, the Board has endorsed this transaction as being in the best interest of Rubicon&rsquo;s stockholders,&quot; said Timothy E. Brog, the Company&rsquo;s Chief Executive Officer. &quot;We are pleased that the combined tender offer and subsequent distribution of cash to our stockholders will provide stockholders a significant premium to the current market price, while also enabling investors to retain equity in the Company and participate in its future direction.&quot;

It is anticipated that the tender offer will commence within the next 10 business days, with the closing anticipated to be approximately 30 days thereafter. The closing of the tender offer is subject to customary conditions, as well as the 35% minimum condition. The tender offer is not subject to a financing contingency.

Janel Corporation To Launch A Cash Tender Offer To Acquire A 45% Interest In Rubicon Technology, Inc. At $20/Share; Following The Tender Offer Rubicon Will Distribute Cash Of $11/Share To Its Stockholders

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Tuesday, July 05, 2022

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