GraniteShares 2x Long PLTR Daily ETF (NASDAQ: PTIR)

Latest news for GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)

The Fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the Underlying Stock by entering into a swap agreement on the Underlying Stock. The Fund aims to generate 2 times the daily performance of the Underlying Stock for a single day. A single day is defined as being calculated from the close of regular trading on one trading day to the close on the next trading day

GraniteShares 2x Long PLTR Daily ETF

Macro Economic Events

News

Econ #s

Economics

Eurozone Consumer Price Index (YoY) Preliminary For January 2.5% Vs. 2.4% Est.; 2.4% Prior

Eurozone Consumer Price Index (MoM) Preliminary For January -0.3% Vs. 0.4% Prior

Eurozone Core Consumer Price Index (YoY) Preliminary For January 2.7% Vs. 2.6% Est.; 2.7% Prior

Biotech

Large Cap

Health Care

General

AstraZeneca's Imfinzi (Durvalumab) Has Been Recommended For Approval In The European Union For Limited-stage Small Cell Lung Cancer Whose Disease Has Not Progressed Following Platinum-Based Chemoradiation Therapy

U.K. Manufacturing Purchasing Managers Index For January 48.3 Vs. 48.2 Est.; 47.0 Prior

Eurozone Manufacturing Purchasing Managers Index For January 46.6 Vs. 46.1 Est.; 45.1 Prior

Raymond James analyst Andrew Cooper downgrades Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) from Outperform to Market Perform.

Downgrades

Analyst Ratings

Raymond James Downgrades Danaher to Market Perform

Germany Manufacturing Purchasing Managers Index For January 45.0 Vs. 44.1 Est.; 42.5 Prior

France Manufacturing Purchasing Managers Index For January 45.0 Vs. 45.3 Est.; 41.9 Prior

Raymond James analyst Brian Gesuale upgrades Booz Allen Hamilton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAH#NYSE">BAH</a>) from Market Perform to Outperform and announces $150 price target.

Upgrades

Price Target

Raymond James Upgrades Booz Allen Hamilton to Outperform, Announces $150 Price Target

As the U.S. dollar continues to strengthen following the imposition of tariffs by President Donald Trump, this prominent hedge fund manager is forecasting an inevitable devaluation of the dollar.
What Happened: Kevin C Smith, founder and CEO of Crescat Capital, warns that the global economy is feeling the strain of the dollar's dominance, with global central bank assets now at their lowest level in over four years.
Smith attributes this contraction to the dollar&#8217;s strength, which is putting pressure on the world economy. He suggests that a devaluation of the U.S. dollar — whether through a coordinated or organic process against other currencies — is not only likely but &#8220;inevitable&#8221;.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Importantly, global central bank assets have contracted to their lowest level in over four years. This is largely due to the strength of the dollar, which is suffocating the global economy. We believe a USD devaluation, whether coordinated or organic against other currencies, is… <a href="https://t.co/eT5oIKq7ph">pic.twitter.com/eT5oIKq7ph</a>
&mdash; Kevin C. Smith, CFA (@crescatkevin) <a href="https://twitter.com/crescatkevin/status/1886177571571999153?ref_src=twsrc%5Etfw">February 2, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to Smith, the U.S. dollar nearing its cyclical peak, and the long-term decline of the dollar is already visible when assessed on a 10-year rolling basis. He points to key factors that could lead to the dollar&#8217;s depreciation in 2025, like the decrease in fiscal stimulus and the sustained low interest rates, which are partly designed to ease the federal government's growing debt burden.
However, Smith stresses that currency movements are always relative, to other major economies. &#8220;Notably, no other major economy — whether Japan, Canada, the Eurozone, the UK, or Australia — faces the same imperative as the United States, which must sustain GDP growth of nearly 5% merely to service its debt,&#8221; he adds.
See Also: <a href="https://www.benzinga.com/25/02/43426284/palantir-technologies-pre-earnings-plunge-tariff-impact-or-investor-jitters-heres-what-technical-analysis-suggests" target="_blank" rel="noreferrer noopener">Palantir Technologies Plunges Overnight On Robinhood: Trump Tariff Impact Or Investor Jitters?</a>
Why It Matters: Smith also acknowledges that Trump&#8217;s tariffs may create short-term economic disruptions as they represent just one aspect of broader, long-term policy shifts under the new administration. He points to comments from Treasury Secretary Scott Bessent, who has articulated that a weaker dollar could still coexist with its status as the world's reserve currency — a vision championed by Trump.
Despite the short-term fluctuations that may lead to temporary dollar appreciation, Smith's outlook remains largely pessimistic for the U.S. currency. He believes that the broader trajectory of the dollar is headed toward long-term depreciation.
If this scenario plays out, Smith argues, the consequences could be profound, marking one of the most significant shifts in the global financial landscape since the 2008 Global Financial Crisis.
Trump&#8217;s Tariffs: Starting Tuesday, newly implemented tariffs on <a href="https://www.benzinga.com/news/25/02/43425796/el-erian-warns-of-consequential-uncertainties-in-trumps-new-tariff-impact">a third of U.S. imports</a>, including a 10% tax on Chinese goods, are set to take effect, potentially raising prices across a wide range of industries, from agriculture to automobiles. The U.S. Chamber of Commerce has <a href="https://www.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">raised alarms</a> about potential supply chain disruptions and increased costs for American families. The group highlighted concerns over the $46 billion worth of agricultural trade with Mexico and $97 billion in energy exports from Canada, both of which could be impacted by the tariffs.
See Also: <a href="https://www.benzinga.com/news/25/01/43388482/after-imposing-tariffs-on-canada-donald-trump-threatens-100-levy-on-brics-for-move-against-dollar-ho" target="_blank" rel="noreferrer noopener">After Imposing Tariffs On Canada, Donald Trump Threatens 100% Levy On BRICS For Move Against Dollar: ‘How Will US Manage Production From Slippers To Ships?,' Asks Expert</a>
Price Action: The U.S. Dollar Index Spot was trading 1.3% higher at 109.776 on Monday, as of 3:07 a.m., ET. The 52-week high for the index stood at 110.1760 level. The index has risen by 1.06% year-to-date.
According to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, the exchange-traded funds tracking the index, Invesco DB US Dollar Index Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>) and WisdomTree Bloomberg US Dollar Bullish Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USDU#NYSE">USDU</a>) have returned 5.62% and 7.08%, respectively, over the last one year.
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), which tracks the S&amp;P 500 index, closed 0.53% lower at $601.82 on Friday. Meanwhile, the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which tracks the Nasdaq 100, fell 0.15% to $522.29.
<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/2025/02/03032823/USD-ETFs-1024x576.png" alt="" class="wp-image-762002" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03032823/USD-ETFs-1024x576.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03032823/USD-ETFs-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03032823/USD-ETFs-768x432.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03032823/USD-ETFs-1536x864.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/03032823/USD-ETFs.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/02/43427091/as-trump-imposes-tariffs-on-americas-3-largest-trading-partners-this-macro-strategist-calls-the-policy-a-tool-to-transition-us-to-a-more-sustainable-future-amid-grotesque-money-printing">As Trump Imposes Tariffs On America&#8217;s 3 Largest Trading Partners, This Macro Strategist Calls The Policy A &#8216;Tool To Transition&#8217; US To A More Sustainable Future Amid &#8216;Grotesque&#8217; Money Printing</a></li>
</ul>
Photo courtesy: Shutterstock

Government

Forex

Markets

USDU

PowerShares DB US Dollar Index Bullish Fund

Trump Tariffs Strengthen Dollar, But Hedge Fund CEO Sees Impending Decline

U.S. technology stocks tumbled in pre-market trading Monday after President Donald Trump imposed substantial tariffs on imports from Canada, China, and Mexico, raising concerns about potential <a href="https://in.benzinga.com/markets/25/02/43423087/canada-retaliates-against-trumps-tariffs-with-countermeasures-25-tariffs-on-107-billion-of-us-made-goods">retaliation affecting the tech sector</a>.
What Happened: NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 3.91% to $115.38 in pre-market trading, while Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) dropped 1.46% to $409.01. Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) declined 2.01% to $231.25, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) slipped 1.66% to $677.76, and Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) decreased 2.11% to $19.02.
Semiconductor stocks have been particularly hard hit. Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) dropped 2.95%, while Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) fell 2.62%, and Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) declined 3.26%.
The sell-off comes in response to Trump&#8217;s Saturday announcement of 25% tariffs on imports from Mexico and Canada, along with a 10% tariff on Chinese goods, <a href="https://in.benzinga.com/25/02/43423620/trumps-tariffs-fed-rate-decisions-and-americas-debt-crisis-this-week-in-economics">all effective Tuesday</a>. The U.S. Chamber of Commerce warned these measures could significantly disrupt supply chains and increase costs for American businesses and consumers.
See Also: <a href="https://www.benzinga.com/markets/equities/25/02/43427786/chamath-palihapitiya-relocates-business-to-nevada-citing-delaware-judicial-activism-against-tesla-shareholders">Chamath Palihapitiya Relocates Businesses To Nevada Citing Delaware &#8216;Judicial Activism&#8217; Against Tesla Shareholders</a>
Why It Matters: The new tariffs compound existing pressures on the tech sector, which was already grappling with last week&#8217;s <a href="https://www.benzinga.com/markets/equities/25/01/43256925/chamath-palihapitiya-warns-of-ai-shift-the-battle-is-now-more-about-ai-inference-vs-training-as-deepseek-sparks-nvidia-selloff">semiconductor sell-off</a> triggered by concerns over Chinese AI competition. That earlier decline had seen NVIDIA lose $600 billion in market value in a single trading session.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) also reflected the broader market uncertainty, falling 2.55% to $95,189.83 in the last 24 hours, as investors assessed the potential impact of escalating trade tensions on global markets.
The tariffs could particularly affect companies with <a href="https://in.benzinga.com/markets/25/02/43423288/trumps-tariffs-are-here-heres-what-will-get-more-expensive-from-canada-china-and-mexico">significant manufacturing operations</a> in Mexico and China, with economists warning about potential retaliatory measures from these trading partners. Professor Sung Won Sohn of Loyola Marymount University noted, &#8220;Consumers are going to be clearly worse off.&#8221;
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/02/43425232/gary-black-warns-teslas-18-export-volume-at-risk-amid-trump-tariffs-full-scale-retaliatory-trade-war-possible">Gary Black Warns Tesla&#8217;s 18% Export Volume At Risk Amid Trump Tariffs: &#8216;Full-Scale Retaliatory Trade War&#8217; Possible</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Global

Tech

$BTC

AAPL

AVGO

INTC

MSFT

NVDA

SMCI

Nvidia, SMCI, Broadcom, And Other Tech Stocks Slide In Monday Pre-Market As Trump Imposes Tariffs On Imports From China, Mexico, And Canada

Raymond James analyst Brian Gesuale downgrades Aptiv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APTV#NYSE">APTV</a>) from Outperform to Market Perform.

APTV

Raymond James Downgrades Aptiv to Market Perform

Renowned economist Peter Schiff commented on Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) market slump on Sunday, drawing an unusual analogy with &#8220;soothsayer&#8221; groundhog &#8220;Punxsutawney Phil&#8217;s&#8221; prolonged winter prediction.
What Happened:&nbsp;Schiff took to X to point out the large drop in the value of Bitcoin and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), the two biggest cryptocurrencies by market capitalization.
Bitcoin <a href="https://www.benzinga.com/25/02/43425613/bitcoin-crashes-below-92000-ethereum-dogecoin-slump-as-trumps-tariff-war-spooks-investors-analyst">fell below $92,000</a> for the first time since Jan. 13, while Ethereum plunged over 25% to a nearly 3-month low on a day marked by the largest cryptocurrency liquidations ever, totaling more than $2 billion.
&#8220;It looks&nbsp;like Punxsutawney Phil was right&nbsp;about that long crypto winter,&#8221; Schiff said, in a cheeky reference to the popular groundhog.
<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">In case you haven&#39;t noticed, Bitcoin is down 7% tonight, trading just above $93,000, but Ethereum is crashing. It&#39;s down 20%, trading below $2,500, but an hour ago it hit $2,100, down about 33% in one night! It looks like Punxsutawney Phil was right about that long crypto winter.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1886251199164256301?ref_src=twsrc%5Etfw">February 3, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also:<a href="https://www.benzinga.com/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/25/02/43425216/elon-musk-supports-putting-treasury-department-operations-on-blockchain-to-fix-irregularities">Elon Musk Says Treasury Officials &#8216;Breaking The Law Every Hour&#8217; By Approving Fraudulent Payments — DOGE Lead Wants A Blockchain Fix</a>
Why It Matters:&nbsp;Punxsutawney Phil, the mascot of the Punxsutawney Groundhog Club in Pennsylvania, is a beloved animal <a href="https://www.benzinga.com/news/24/02/36911978/peta-casts-shadow-over-groundhog-day-wants-this-method-used-instead-how-does-stock-market-perform-on">known for predicting the length of winter</a>.
Each year, on Feb. 2, "Punxsutawney Phil" emerges from his home and predicts the upcoming weather. If Phil sees his shadow, it means six more weeks of winter. Not seeing his shadow means an early spring. This year, Phil saw his shadow, forecasting another six weeks of winter, <a href="https://apnews.com/article/punxsutawney-phil-groundhog-winter-forecast-ab11e8b4745227fe2b218d2ccebbbaa4">according </a>to AP News. 
Schiff linked it to the ongoing market-wide decline, calling it a &#8220;cryptocurrency winter,&#8221; a period when cryptocurrencies witness massive losses.
Schiff has been a vocal critic of Bitcoin, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42878139/peter-schiff-doesnt-hate-bitcoin-but-warns-millions-will-lose-more-than-they-can-afford-in-speculative-mania">questioning the speculative frenzy</a> surrounding it and its narrative of a long-term store of value.
Price Action: At the time of writing, Bitcoin was trading at $95,410.00, down 4.40% 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>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43423466/how-does-pete-hegseth-feel-about-bitcoin-his-financial-filings-reveal-the-answer">How Does Pete Hegseth Feel About Bitcoin? His Financial Filings Reveal The Answer</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>
Photo courtesy: Shutterstock

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

Cryptocurrency

$ETH

Peter Schiff Highlights 'Crypto Winter' Prediction By 'Punxsutawney Phil' As Bitcoin And Ethereum Plunge

Acroname, a Valens Semiconductor company, today announced that it has launched a new product, the USBExt3c, a 3-port switchable hub with dedicated point-to-point USB3 and USB2 extension, combined with advanced PoE and USB-C power delivery. The product allows AV installers and OEM product manufacturers to control, manage and extend USB devices, streamlining product deployment for industries such as machine vision, corporate, and education.

Acroname, a Valens Semiconductor Company, Launches USBExt3c to Streamline USB Connectivity for AV and OEM Industries

<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4352086-1&amp;h=1103345379&amp;u=http%3A%2F%2Fwww.jacobs.com%2F&amp;a=Jacobs">Jacobs</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/J#NYSE">J</a>) has been selected by Network Rail as Technical Services Integration Delivery Partner for the Transpennine Route Upgrade (TRU), a transformative, major program of railway improvements planned to deliver faster, more frequent and more reliable journeys along a 70-mile route with 23 stations – stretching from York to Manchester, via Leeds and Huddersfield.
As the Integration Delivery Partner, Jacobs is sole provider on an eight-year framework providing technical system integration services to the TRU program during development and construction. Jacobs' scope of services includes technical system integration, custodian of scope, cross-project integration, technical change control, development engineering and design, and program business case production.

Jacobs Secures 8-Year Contract for Transpennine Rail Overhaul, Enhancing Travel from York to Manchester

Roth MKM analyst Rohit Kulkarni initiates coverage on ZSPACE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZSPC#NASDAQ">ZSPC</a>) with a Buy rating and announces Price Target of $20.

Initiation

ZSPC

Roth MKM Initiates Coverage On ZSPACE with Buy Rating, Announces Price Target of $20

With U.S. stock futures trading lower this morning on Monday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Tyson Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>) to report quarterly earnings at 88 cents per share on revenue of $13.44 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Tyson Foods shares gained 0.2% to $56.60 in after-hours trading.</li>
<li>Analysts are expecting Clorox Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>) to post quarterly earnings at $1.41 per share on revenue of $1.63 billion. The company will release earnings after the markets close. Clorox shares slipped 0.2% to $158.36 in after-hours trading.</li>
<li>Territorial Bancorp Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TBNK#NASDAQ">TBNK</a>) reported a net loss of $1.72 million, or 20 cents per share, for the fourth quarter. Territorial Bancorp shares fell 0.9% to $9.03 in the after-hours trading session.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>After the closing bell, Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>) is projected to post quarterly earnings at $2.50 per share on revenue of $814.33 million. Fabrinet shares slipped 0.1% to $216.13 in after-hours trading.</li>
<li>Analysts expect NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) to post quarterly earnings at $3.14 per share on revenue of $3.10 billion after the closing bell. NXP Semiconductors shares fell 0.1% to $208.43 in after-hours trading.</li>
</ul>
Check This Out: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43390127/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Pre-Market Outlook

Trading Ideas

NXPI

TBNK

Tyson Foods, Clorox And 3 Stocks To Watch Heading Into Monday

The CNN Money Fear and Greed index showed a decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Friday.
U.S. stocks settled lower on Friday, with the Dow Jones index falling more than 300 points during the session after the White House confirmed that new tariffs on imports from Canada, Mexico, and China would take effect on Saturday, escalating trade tensions with the country&#8217;s three largest suppliers.
Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reported better-than-expected first-quarter financial results after the market closed on Thursday. Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) reported stronger-than-expected fourth-quarter earnings.
On the economic data front, U.S. personal income increased 0.4% month-over-month in December compared to a 0.3% gain in November. Personal spending climbed by 0.7% month-over-month to an annualized rate of $20.387 trillion in December. The core PCE price index in the US increased by 0.2% from the previous month for December.
Most sectors on the S&amp;P 500 closed on a negative note, with energy, information technology, and materials stocks recording losses on Friday. However, communication services and consumer discretionary stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed lower by around 337 points to 44,544.66 on Thursday. The S&amp;P 500 fell 0.50% to 6,040.53, while the Nasdaq Composite fell 0.28% at 19,627.44 during Friday's session.
Investors are awaiting earnings results from Tyson Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSN#NYSE">TSN</a>), Clorox Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLX#NYSE">CLX</a>), and NXP Semiconductors N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 45.8, the index remained in the &#8220;Neutral&#8221; zone on Friday, versus a prior reading of 49.4.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43390127/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>
Photo courtesy: Shutterstock

Long Ideas

Dow Dips Over 300 Points As Trump Imposes Tariffs On Canada, Mexico, And China: Fear & Greed Index Remains In 'Neutral' Zone

Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) will release its fourth-quarter financial results, after the <a href="https://www.benzinga.com/quote/RMBS/earnings">closing bell, on Monday, Feb. 3, 2025</a>.
Analysts expect the San Jose, California-based company to report quarterly earnings at 47 cents per share, down from 53 cents per share in the year-ago period. Rambus projects quarterly revenue of $160.29 million, compared to $136 million a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Dec. 10, Rambus disclosed that it has extended the term of its comprehensive patent license agreement with Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) for an additional five years.
Rambus shares gained 0.7% to close at $61.62 on Friday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/RMBS/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Baird analyst Tristan Gerra initiated coverage on the stock with an Outperform rating and a price target of $90 on Nov. 25, 2024. This analyst has an accuracy rate of 68%.</li>
<li>Loop Capital analyst Gary Mobley initiated coverage on the stock with a Buy rating and a price target of $70 on Nov. 11, 2024. This analyst has an accuracy rate of 71%.</li>
<li>Rosenblatt analyst Kevin Cassidy maintained a Buy rating with a price target of $85 on Oct. 29, 2024. This analyst has an accuracy rate of 74%.</li>
<li>Susquehanna analyst Mehdi Hosseini maintained a Positive rating and cut the price target from $75 to $66 on July 26, 2024. This analyst has an accuracy rate of 67%.</li>
<li>Jefferies analyst Blayne Curtis assumed a Buy rating and raised the price target from $72 to $75 on May 13, 2024. This analyst has an accuracy rate of 72%.</li>
</ul>
Considering buying RMBS stock? Here&#8217;s what analysts think:
Read This Next: 
<ul>
<li><a href="https://www.benzinga.com/25/01/43390127/wall-streets-most-accurate-analysts-give-their-take-on-3-energy-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Energy Stocks Delivering High-Dividend Yields</a></li>
</ul>

Comments

GraniteShares 2x Long PLTR Daily ETF

News

Latest news for GraniteShares 2x Long PLTR Daily ETF (NASDAQ:PTIR)

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga