Option chain shows key data for Revelstone Capital Acquisition Corp Warrants (15/09/2026)'s stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Revelstone Capital Acquisition Corp Warrants (15/09/2026).

Revelstone Capital Acquisition Corp Warrants (15/09/2026) (OTC:RCACW) Stock, Option Chain

Revelstone Capital Acquisition Corp Warrants (15/09/2026)

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">238.64</td>
<td align="right">0.57</td>
<td align="right">0.23</td>
<td>3.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">76.22</td>
<td align="right">0.16</td>
<td align="right">0.21</td>
<td>622</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">84.08</td>
<td align="right">0.15</td>
<td align="right">0.17</td>
<td>8.4K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">138.90</td>
<td align="right">0.15</td>
<td align="right">0.10</td>
<td>3.1K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">48.45</td>
<td align="right">0.03</td>
<td align="right">0.06</td>
<td>10.1K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">228.96</td>
<td align="right">-0.21</td>
<td align="right">-0.1</td>
<td align="right">180</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> the above sector movers alert assists traders in understanding macro-level trends and market variations. Traders will look for sector movers providing information on sectors that are over- or under-performing, deriving these results into investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Sector ETFs

Pre-Market Outlook

Movers

ETFs

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For December 24, 2024

The Pudgy Penguins (CRYPTO: PENGU) <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42562051/pudgy-penguins-pengu-token-extends-rally-outperforms-dogecoin-shiba-inu-on-wednesday">meme coin is seeing a surge in interest</a>, fueled by new exchange listings, bullish sentiment and whale accumulation. 
What Happened: Onchain Lens <a href="https://x.com/OnchainLens/status/1871397092125769748">data</a> shows that a newly created wallet acquired 519.99 million PENGU tokens, valued at $14.72 million, via Binance.  
In Mario Nawfal's latest Crypto Daily episode posted on <a href="https://x.com/MarioNawfal/status/1871182703816839401">X</a> on Dec 23, Luca Netz, the creator of Pudgy Penguins, shared insights into the project's vision. 
He dismissed the idea that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) will maintain dominance forever, labeling it as a "bad assumption." 
Netz emphasized that memetic characters like Pudgy Penguins remain underdeveloped and have untapped cultural potential.
He added that in terms of social viewership and other factors Dogecoin and Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>) are the only two closest competitors.
Netz short term goal for Pudgy Penguins is to make it a cultural phenomenon which has happened only twice earlier in the crypto space – DOGE and Bored Apes and Ape. 
The next big step for Pudgy he believes is a movie TV show and a blockbuster game.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>Pudgy Penguins (CRYPTO: PENGU)</td>
<td>&nbsp;$0.03558</td>
<td>$2.2 billion</td>
<td>+28.4%&nbsp;</td>
<td>+612.3%&nbsp;</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.3198</td>
<td>$47.1 billion</td>
<td>+1.3%&nbsp;</td>
<td>-21.1%&nbsp;</td>
</tr>
<tr>
<td>Pepe (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PEPE</a>)</td>
<td>&nbsp;$0.00001828&nbsp;</td>
<td>$7.7 billion</td>
<td>+1.4%&nbsp;</td>
<td>+22.3%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Wizard of SoHo, a prominent crypto trader, <a href="https://x.com/wizardofsoho/status/1871313321644666983">revealed</a> that PENGU is among his three biggest retail bets for 2025, alongside Dogecoin and Chillguy. 
He also holds smaller positions in Pepe, Mog (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">MOG</a>) and Rekt.
Lord Durden, another investor, shared the "PENGU prophecy roadmap," highlighting its future potential.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The <a href="https://twitter.com/search?q=%24PENGU&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PENGU</a> prophecy roadmap &#x1f427; I don't make the rules &#x1f937;&#x1f3fb;&#x200d;&#x2642;&#xfe0f; GCR does &#x1f525; <a href="https://t.co/3O3lttbXHB">pic.twitter.com/3O3lttbXHB</a>
&mdash; Lord Durden (@LordDurden) <a href="https://twitter.com/LordDurden/status/1871335848148668423?ref_src=twsrc%5Etfw">December 23, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Community News: Kamino Finance, a Solana DeFi protocol, <a href="https://x.com/KaminoFinance/status/1871492434443817440">announced</a> a "PENGU incentives boost" in collaboration with Pudgy Penguins and JitoSol. Depositors will receive 2,500 JITO and 375,000 PENGU incentives over the next month.
Bithumb, South Korea's largest digital asset platform, <a href="https://x.com/BithumbOfficial/status/1871426950113509529">listed</a> PENGU effective Dec. 24.
Pudgy Penguins' official account celebrated reaching 500,000 holders.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42562051/pudgy-penguins-pengu-token-extends-rally-outperforms-dogecoin-shiba-inu-on-wednesday">Pudgy Penguins PENGU Token Extends Rally, Outperforms Dogecoin, Shiba Inu On Wednesday</a></li>
</ul>
Image via Pudgy Penguin

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

Cryptocurrency

News

$DOGE

$MOG

$PEPE

Careful Dogecoin, Your Dominance Isn't Forever, Pudgy Penguins' Creator Says As PENGU Meme Coin Surges 28%

Ostin Technology Group Co., Ltd. ("the Company") (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ost#NASDAQ">OST</a>), a leading supplier of display modules and polarizers based in China, today announced an update to the effective date of its previously approved reverse share split of the Company's Class A ordinary shares, with the split ratio set at 1-for-10 (the "Reverse Share Split"). The Reverse Share Split was approved by the Company's shareholders at an extraordinary general meeting held on November 25, 2024. The effective date for the Reverse Share Split has been revised from December 26, 2024 to December 31, 2024 and the Company's Class A ordinary shares will begin trading on an adjusted basis, reflecting the Reverse Share Split, on December 31, 2024, under the existing ticker symbol "OST." The new CUSIP number for the Company's Class A ordinary shares will be G67927114.
Upon the effectiveness of the Reverse Share Split, every ten shares of the Company's issued and outstanding Class A ordinary shares as of the effective date will automatically be combined into one Class A ordinary share. This adjustment will reduce the total number of outstanding Class A ordinary shares of the Company from approximately 18.1 million to approximately 1.81 million.

Penny Stocks

Stock Split

Ostin Technology Announces 1-For-10 Reverse Stock Split, Will Begin Trading On An Adjusted Basis On December 31, 2024

AGM Group Holdings Inc. ("AGM Holdings" or the "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMH#NASDAQ">AGMH</a>), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, released a statement of its CEO Dr. Bo Zhu today, discussing the Company's growth strategies and future initiatives in the cryptocurrency industry.
Dr. Zhu, an experienced entrepreneur in the computer software sector, currently serves as CEO of AGM Holdings. He joined the Company in May 2021 as Chief Strategy Officer (CSO) and was appointed CEO and director in October 2023. Dr. Zhu earned his PhD in Computer Science and Technology from Zhejiang University in 2013 and has published over 20 research papers, 19 of which are indexed in SCI/EI (science and engineering). Below are key insights from the interview:

Management

AGMH

AGM Group Holdings CEO Issues Letter, Highlights Strategic Growth And Future Initiatives In AI and Cryptocurrency

Golar LNG Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLNG#NASDAQ">GLNG</a>) shares traded lower in the premarket session on Tuesday but recovered from the loss. The company has acquired Seatrium&#8217;s and Black &amp; Veatch&#8217;s minority stakes in the FLNG Hilli, including 5.45% common units, 10.9% <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/g42666947/golar-acquires-all-outstanding-minority-interests-in-the-flng-hilli" rel="noreferrer noopener">Series A shares, and 10.9% Series B shares</a>.
The total transaction value is $90.2 million, comprising $59.9 million in equity and $30.3 million as a pro-rata share of the existing FLNG Hilli debt facility.
This acquisition represents approximately 8% of the full FLNG capacity.
Golar&#8217;s increased ownership will take full economic effect starting January 1, 2025.
The FLNG Hilli is contracted to Perenco in Cameroon until July 2026, after which it is planned to relocate to Argentina under a 20-year agreement with Southern Energy, a consortium of leading Argentine natural gas producers.
The Southern Energy contract is contingent on conditions such as obtaining an export license, completing an environmental assessment, and a Final Investment Decision by Southern Energy.
Since commencing operations in 2018, the FLNG Hilli has achieved global-leading uptime, delivering 124 LNG cargoes and offloading over 8.5 million tons of LNG.
Additionally, Golar LNG and Seatrium have resolved outstanding items, including a $7 million payment by Golar to Seatrium for a Hilli Train 3 utilization bonus and historical work on the former Golar Gandria LNGC.
Following these settlements, no further contractual obligations regarding existing assets remain between Golar and Seatrium.
Golar CEO Karl-Fredrik Staubo said, &#8220;Golar is pleased to take full ownership of FLNG&nbsp;Hilli. The increased ownership will give immediate cash flow accretion and is expected to add approximately $0.5bn of Adjusted EBITDA backlog.&#8221;
Investors can gain exposure to the stock via Exchange Traded Concepts Trust Range Global LNG Ecosystem Index ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNGZ#NYSE">LNGZ</a>) and Invesco Oil &amp; Gas Services ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PXJ#NYSE">PXJ</a>).
Price Action: GLNG shares are up 0.62% at $42.10 premarket at the last check on Tuesday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/42666701" target="_blank" rel="noreferrer noopener">Nasdaq Gains Around 1% As Tesla, Nvidia Rise Ahead Of Christmas: Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
</ul>

Commodities

GLNG

LNGZ

PowerShares Exchange-Traded Fund Trust Dynamic Oil Services Portfolio

Golar LNG Expands FLNG Hilli Stake, Eyes Long-Term Argentina Deal

In the current session, the stock is trading at $195.05, after a 0.22% spike. Over the past month, Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) stock increased by 15.08%, and in the past year, by 38.65%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1735045222_0.png" alt="Past Year Chart" />

<h3>Comparing Alphabet P/E Against Its Peers</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Alphabet has a lower P/E than the aggregate P/E of 51.68 of the Interactive Media &amp; Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1735045222_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Markets

GOOGL

P/E Ratio Insights for Alphabet

According to a recent survey by AutoPacific, nearly half of all future three-row SUV shoppers would consider purchasing one that&#8217;s specifically electric. Several EV companies offer options including Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), and Lucid Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>).
But which to buy?
Comparing 3 SUVs And Their Starting Prices
Tesla&#8217;s three-row SUV offering is its <a href="https://www.benzinga.com/tech/24/12/42496103/teslas-model-s-model-x-and-cybertruck-now-have-the-same-starting-price-which-to-buy">Model X starting at $79,990</a> with an estimated range of 329 miles.
Meanwhile, Rivian offers the R1S SUV, starting at $75,900 for the base version while Lucid has recently started manufacturing the premium variant of its <a href="https://www.benzinga.com/tech/24/12/42432727/lucids-gravity-gets-official-range-estimate-higher-than-teslas-model-x-but-lower-than-its-own-air-sedan">Gravity SUV starting at $94,900</a>.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model </td>
<td>Starting Price</td>
</tr>
<tr>
<td>Tesla Model X</td>
<td>$79,990</td>
</tr>
<tr>
<td>Lucid Gravity</td>
<td>$94,900</td>
</tr>
<tr>
<td>Rivian R1S</td>
<td>$75,900</td>
</tr>
</tbody>
</table>
</figure>
All three vehicles can seat up to 7 adults. While from a price perspective, the Rivian R1S might seem like a great buy, the base variant of the vehicle only offers a range of 270 miles. 
Model Variants: 
Tesla&#8217;s Model X comes in two variants namely the all-wheel drive and plaid.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Model X Variants</td>
<td>Starting Price</td>
</tr>
<tr>
<td>All-Wheel Drive</td>
<td>$79,990</td>
</tr>
<tr>
<td>Plaid</td>
<td>$94,990</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Tesla</figcaption></figure>
The R1S SUV, meanwhile, is currently available in three variants with the high-end Tri variant starting at $105,900. 
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>R1S Variants</td>
<td>Starting Price</td>
</tr>
<tr>
<td>Dual Standard</td>
<td>$75,900</td>
</tr>
<tr>
<td>Dual</td>
<td>$82,900</td>
</tr>
<tr>
<td>Tri</td>
<td>$105,900</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Rivian</figcaption></figure>
The Gravity, however, has only one variant available as of today. While the company is planning yet another cheaper variant, it will only be available to order next year.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Gravity Variants</td>
<td>Starting Price</td>
</tr>
<tr>
<td>Touring (available only in 2025)</td>
<td>$79,900</td>
</tr>
<tr>
<td>Grand Touring</td>
<td>$94,900</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Lucid</figcaption></figure>
Range Comparison:
For drivers looking for the most range, the Lucid Gravity offers the most ease of mind among its counterparts with 450 miles of range.
The Model X has an EPA-estimated range of up to 329 miles while R1S has a maximum range of 410 miles. However, 410 miles of range is available only with the R1S Dual variant coupled with a max battery pack with a starting price of $89,900.
Performance: 
The best option for a customer depends on what they expect out of their vehicle. 
For customers looking for fast acceleration,&nbsp;the Model X can go from 0 to 60 mph in 2.5 seconds, and the R1S Tri in 2.9 seconds.
For those looking for the most power, the Model X Plaid would be the best option with 1,020 horsepower. Gravity has up to 828 hp and <a href="https://www.benzinga.com/news/24/09/40954673/rivian-introduces-100k-tri-max-variant-of-r1s-electric-suv-on-online-shop-which-can-go-from-0-60-mph">the R1S Tri variant has up to 850 hp</a>.
Alternate Cheaper Option: Tesla also offers buyers another three-row SUV option in its cheaper Model Y. While the Model Y comes with a five-seat interior included, buyers of the long-range all-wheel drive variant of the vehicle can pay an extra $1000-$2000 for seven-seat interiors. 
The Long Range All-Wheel Drive variant of the Model Y has a starting price of $47,990, meaning an added $2000 for seven-seat interiors would take the price up to $49,990. 
However, the Model Y is smaller in length and width than the company&#8217;s premium SUV Model X, implying that the third row would be relatively more cramped for buyers looking for third-row comfort. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/12/42640472/tesla-exec-bemoans-cost-of-sending-letter-to-owners-affected-by-ev-giants-recent-recall-of-nearly-700000-vehicles" target="_blank" rel="noreferrer noopener">Tesla Exec Bemoans Cost Of Sending Letter To Owners Affected By EV Giant's Recent Recall Of Nearly 700,000 Vehicles</a></li>
</ul>
Photos courtesy: Tesla, Lucid and Rivian

Tech

LCID

RIVN

TSLA

Tesla Model X, Lucid Gravity Or Rivian R1S: Which Three-Row Electric SUV Is A Better Buy?

What goes up must come down. However, buyers who spent millions of dollars on <a href="https://www.benzinga.com/content/42623572/constellation-group-reaches-new-heights-at-ella-miami-beach-unveiling-new-rooftop-penthouse#google_vignette">luxury Miami condos</a> only a few years ago didn&#8217;t expect them to come down so soon.
According to a new study from the University of Miami, superhigh structures like the celebrated 641-foot-tall <a href="https://www.benzinga.com/content/42599405/miami-luxury-re-llc-introduces-aston-martin-residences-featuring-ultimate-luxury-and-amenities">Porsche Design Tower</a> lining the barrier islands north of Miami are &#8220;sinking&#8221; at an alarming rate. The study calls into question the stability of the buildings, particularly along Sunny Isles Beach, noting that 35 buildings have sunk three inches in the last seven years, a subsidence rate of just under half an inch per year.&nbsp;
Don't Miss:
<ul>
<li>During market downturns, investors are learning that unlike equities, these<a href="https://www.benzinga.com/money/connect-invest-real-estate-notes-y2"> high-yield real estate notes that pay 7.5% &#8211; 9% are protected by resilient assets, buffering against losses.</a></li>
<li>This Jeff Bezos-backed startup will allow you to <a href="https://arrivedhomes.go2cloud.org/aff_c?offer_id=15&amp;aff_id=1006&amp;aff_sub=yahoo&amp;aff_sub2=byerscta100">become a landlord in just 10 minutes, with minimum investments as low as $100 for properties like the Byer House from Stranger Things.</a></li>
</ul>
<h2 class="wp-block-heading">Some Of Miami&#8217;s Most Glamorous Towers Have Been Affected</h2>
MSN.com reports that <a href="https://www.benzinga.com/content/42591369/concierge-auctions-announces-early-2025-sale-calendar-spanning-north-america-and-asia">The Ritz Carlton</a> Residences and both Trump Towers are among the iconic towers that are losing stature, along with the Porsche Design Tower. This study is made all the more alarming in the wake of the tragedy of the nearby 12-story Surfside, Florida, where the Champlain Towers South building collapsed in June 2021, killing 98 people. That collapse, however, is thought to have been caused by bad structural design, deterioration and poor maintenance rather than subsidence.
<h2 class="wp-block-heading">Satellite Technology And Multiple Studies</h2>
Using complex satellite technology and cross-referencing their studies with those from other universities to legitimize their findings, the University of Miami has discovered the shocking subsidence rate exists along several parts of the Southern Florida coastline.
See Also: Commercial real estate has historically outperformed the stock market, and<a href="https://equitymultiple.com/benzinga?invite=benzinga&amp;utm_campaign=product-promotion-earn&amp;utm_source=yahooFinance&amp;utm_medium=affiliate&amp;utm_content=stockmarket-yahoo"> this platform allows individuals to invest in commercial real estate with as little as $5,000 offering a 12% target yield with a bonus 1% return boost today!</a>
Although subsidence is common among newly constructed structures, the weight of the high-rises has accelerated the process, which must also call into question the geological surveys conducted before construction. Contributing factors to accelerated subsidence can include the following:
<ul>
<li>Daily tidal movements</li>
<li>Cracking limestone</li>
<li>Soil grains</li>
<li>Groundwater flow from underground construction.</li>
</ul>
&#8220;We found that subsidence in most high-rises slows down over time, but in some cases, it continues at a steady rate. This suggests that subsidence could persist for an extended period,&#8221; senior author Falk Amelung said.&nbsp;
The sinking &#8220;is primarily due to the gradual reconfiguration of the sand grains into a denser packing within sandy layers interbedded in the limestone&#8221; in the area, the study said. Khaled Siobhan, a geotechnical engineering professor at Florida Atlantic University, told<a href="https://www.msn.com/en-us/money/realestate/porsche-design-tower-in-miami-641-foot-skyscraper-showing-signs-of-sinking/ar-AA1w2LZd?ocid=finance-verthp-feeds&amp;cvid=cffdb5a6acd042ca804d88c5f2a5bbfd&amp;ei=24"> </a>Interesting Engineering, as reported by MSN, &#8220;The subsidence is probably a combination of several mechanisms and these findings raise important questions that need further investigation.&#8221;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl-y2"> you can become an investor for $0.80 per share today.</a>
<h2 class="wp-block-heading">Sinking Could Be Widespread Along The High-Priced Celeb-Studded Shoreline</h2>
The Porsche Design Tower has been home to several celebrities, including soccer legend <a href="https://www.benzinga.com/news/24/07/39777763/argentina-wins-copa-am-rica-in-dramatic-final-as-messis-era-nears-end">Lionel Messi</a>, Carlos &#8220;CarGo&#8221; González, the star player of the Colorado Rockies, Mexican billionaire Carlos Peralta Quintero and rapper Birdman, who rented in the tower, the building's website reported. One of the tower&#8217;s main attractions is the internal garage lift system, which allows ultimate privacy by enabling cars to be parked outside the owner&#8217;s apartments – which, in the wake of the subsidence fears, adds considerable weight to the building. However, no determination has been made at this point concerning the sinking rate of individual buildings according to their height and weight. According to NPR.org, scientists said preliminary data also suggests sinking or settling further north along the beaches of Broward and Palm Beach counties.
Should the subsidence continue and different sections of affected buildings subside at different rates, scientists fear foundation cracks, utility breaks and long-term damage could occur.&nbsp;
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Real Estate

That Sinking Feeling: A New Study Shows That Super High Apartment Buildings Like Miami's Porsche Design Tower Are Slipping Into The Ground

<a href="https://www.fly.faa.gov/adv/adv_otherdis.jsp?advn=26&amp;adv_date=12242024&amp;facId=DCC/DCC&amp;title=AAL+GROUND+STOP+CANCELLATION&amp;titleDate=12/24/24" title="https://www.fly.faa.gov/adv/adv_otherdis.jsp?advn=26&amp;adv_date=12242024&amp;facId=DCC/DCC&amp;title=AAL+GROUND+STOP+CANCELLATION&amp;titleDate=12/24/24">https://www.fly.faa.gov/adv/adv_otherdis.jsp?advn=26&amp;adv_date=12242024&amp;facId=DCC/DCC&amp;title=AAL+GROUND+STOP+CANCELLATION&amp;titleDate=12/24/24</a>

FAA Said Nationwide Groundstop For AAL Main And Subs Canceled

The biggest banks are planning to sue the Federal Reserve over the annual bank stress tests, according to a person familiar with the matter. A lawsuit is expected this week and could come as soon as Tuesday morning, the person said.
The Fed's stress test is an <a href="https://www.cnbc.com/2024/06/26/fed-banks-stress-test-2024.html">annual ritual</a> that forces banks to maintain adequate cushions for bad loans and dictates the size of share repurchases and dividends.
After the market close on Monday, the Federal Reserve announced in a statement that it is <a href="https://www.federalreserve.gov/newsevents/pressreleases/bcreg20241223a.htm">looking to make changes</a> to the bank stress tests and will be seeking public comment on what it calls "significant changes to improve the transparency of its bank stress tests and to reduce the volatility of resulting capital buffer requirements."
The Fed said it made the determination to change the tests because of "the evolving legal landscape," pointing to changes in administrative laws in recent years. It didn't outline any specific changes to the framework of the annual stress tests.
<a href="https://www.cnbc.com/2024/12/24/biggest-banks-planning-to-sue-the-federal-reserve-over-annual-stress-tests.html" title="https://www.cnbc.com/2024/12/24/biggest-banks-planning-to-sue-the-federal-reserve-over-annual-stress-tests.html">https://www.cnbc.com/2024/12/24/biggest-banks-planning-to-sue-the-federal-reserve-over-annual-stress-tests.html</a>

Federal Reserve

'Biggest banks planning to sue the Federal Reserve over annual stress tests' - CNBC

We all know the drill on Christmas. Hop on Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) or Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>), or Target (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>), hunting for the perfect gift—maybe even snagging a great deal.
But let's be honest: those gifts often end up forgotten or out of use, no matter how thoughtful.
Ever considered gifting Christmas stocks? Your family and friends may come to appreciate such a gift in time. Here's Why.
Why Gift Stocks
Stocks are an opportunity because they offer financial growth. They can offer financial growth, spark interest in investing, and teach valuable lessons about the stock market. Giving shares in retail giants like Walmart, Amazon, or Target doesn't just say, "I care about you today." It says, "I care about your future."
See Also: <a href="https://www.benzinga.com/24/12/42655649/your-christmas-roadmap-to-the-markets-most-hidden-profits">Your Christmas Roadmap to the Market&#8217;s Most Hidden Profits</a>
Why Walmart, Amazon, And Target
Amazon: The company offers exposure to e-commerce, cloud computing, and even AI advancements. It currently has a market capitalization of $2.366 trillion, making it the fifth most valuable company in the world. Year-to-date Amazon shares have grown by 50.11%, significantly outperforming NASDAQ-100 which is at 29.98% during the same period, according to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">data from Benzinga Pro</a>.
Walmart: A leader in physical retail and rapidly expanding in e-commerce, Walmart remains a robust choice for long-term investors. The company currently stands at number 12 on the list of the world's most valuable companies with a market cap of $725.81 billion. Walmart shares have climbed 70.15% so far this year.
Target: Known for its loyal customer base and successful private-label brands, Target is a solid bet in the retail space. Target currently holds a market value of $60.44 billion, ranking as the 324th most valuable company globally by market cap. While its shares are down 7.81% year-to-date, they have increased by 2.1% over the past five years.
Things To Keep In Mind While Gifting Stocks
Understand The Tax Implications: Gifting stocks comes with tax rules that are important to understand. The IRS allows tax-free gifts of up to $15,000 annually for each recipient ($30,000 for married couples), with amounts over this limit potentially subject to taxes.
Gifting Stocks To Minors: For minors, you'll need to set up a custodial account, such as a <a href="https://www.benzinga.com/money/utma-vs-ugma">UTMA or UGMA account</a>. Once the account is set up, stocks can be transferred directly. The gift becomes the child's property and cannot be reclaimed.
Virtual Transfers Between Brokerage Accounts: You'll need their account details and personal information to initiate the transfer through your brokerage platform. If they don't have an account, some platforms let you gift stock via digital gift cards they can redeem for shares.
Remember that stock values can fluctuate, and past performance doesn&#8217;t guarantee future returns. However, the financial lessons learned from owning and monitoring these investments can be invaluable, regardless of market performance.
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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.

AMZN

Filling Christmas Stockings With Amazon, Walmart, And Target Stocks Instead Of Trinkets From These Stores Could Be A Smarter Move: Let Me Explain Why

Keefe, Bruyette &amp; Woods analyst Christopher O'Connell downgrades Brookline Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>) from Outperform to Market Perform and announces $14.5 price target.

Downgrades

Price Target

Analyst Ratings

BRKL

Keefe, Bruyette & Woods Downgrades Brookline Bancorp to Market Perform, Announces $14.5 Price Target

Billionaire investor Stanley Druckenmiller's family office Duquesne has offloaded two of Wall Street's hottest AI stocks – Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), according to a recent 13F filing.
What Happened: Druckenmiller&#8217;s Duquesne Family Office sold all of its Nvidia shares and significantly reduced its Palantir holdings by 95% during the third quarter.
This comes after Nvidia and Palantir have been on a tear this year. While the Nvidia stock surged nearly 190% in 2024 so far, Palantir shares have gained over 386% to date.
While it's not clear why Duquesne has offloaded these two red-hot AI stocks, profit booking could be one of the motives.
Nvidia and Palantir's relatively rich valuations could also have contributed to Duquesne paring its holdings – while Nvidia's trailing 12 months (TTM) price-to-earnings (PE) ratio stands at 55.21, Palantir's stands at 403.45.
Meanwhile, Druckenmiller is increasing his stake in Teva Pharmaceutical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEVA#NYSE">TEVA</a>), a company that has seen its shares rise by 112% this year.
Teva&#8217;s strategic shift towards brand-name therapies and its resolution of opioid litigation as key factors contributing to its recent success.
Druckenmiller&#8217;s fund added 1,427,950 shares of Teva during the September-ended quarter, signaling confidence in the pharmaceutical company&#8217;s turnaround and growth potential.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42545656/bitcoin-is-no-manhattan-real-estate-peter-schiff-challenges-microstrategys-micheal-saylor-btc-doesnt-generate-any-income" target="_blank" rel="noreferrer noopener">Bitcoin Is No Manhattan Real Estate, Peter Schiff Challenges MicroStrategy's Michael Saylor: ‘BTC Doesn't Generate Any Income'</a>
Why It Matters:&nbsp;Druckenmiller, a protégé of&nbsp;George Soros, is renowned for his macroeconomic investment strategy, often making significant bets on industry trends rather than individual companies.
His recent decision to pivot from AI to pharmaceuticals marks a notable shift in his investment focus. Earlier this year, Druckenmiller <a href="https://www.benzinga.com/24/12/42659876/stanley-druckenmiller-pours-funds-into-1-trillion-company-already-trading-up-100">increased his stake</a> in&nbsp;Broadcom Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), a semiconductor giant, demonstrating his interest in high-growth sectors.
In February, <a href="https://www.benzinga.com/markets/equities/24/02/37175336/billionaire-investor-stanley-druckenmillers-firm-dumps-alphabet-amazon-boosts-investments-in-ai-">Druckenmiller&#8217;s firm divested from</a>&nbsp;Alphabet Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) and&nbsp;Amazon.com Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) while <a href="https://www.benzinga.com/markets/equities/24/02/37175336/billionaire-investor-stanley-druckenmillers-firm-dumps-alphabet-amazon-boosts-investments-in-ai-">bolstering investments in AI leaders</a> like&nbsp;Microsoft Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and&nbsp;Nvidia.
Despite his bullish stance on AI, Druckenmiller&#8217;s recent actions suggest a <a href="https://www.benzinga.com/general/health-care/24/12/42627207/stanley-druckenmillers-top-holding-has-outperformed-its-sector-by-252">strategic realignment towards</a> the healthcare sector, particularly in companies like&nbsp;Natera Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>), which has outperformed its sector significantly.
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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Equities

General

AVGO

GOOG

MSFT

NTRA

NVDA

PLTR

TEVA

Stanley Druckenmiller Dumps Street's Hottest AI Stocks — Here's What The Billionaire Investor Is Betting On Next

fuboTV Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FUBO#NYSE">FUBO</a>) shares are trading lower premarket on Tuesday.
On Monday, the company expressed disappointment over TelevisaUnivision&#8216;s decision to pull its programming, leaving thousands of Spanish-speaking consumers without access <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42663598/televisaunivision-pulls-spanish-language-programming-from-fubo-impacting-thousands-of-hispanic-con" rel="noreferrer noopener">to vital local news and weather</a>.
According to Fubo, the dispute arises from TelevisaUnivision demanding a 25% price increase and imposing unfair bundling practices that force subscribers to pay for channels they do not watch.
Additionally, Fubo criticized the separate subscription required for Vix+ to access all of TelevisaUnivision&#8217;s sports content.
The company said it remains open to fair negotiations with TelevisaUnivision and highlighted its ongoing dedication to the Hispanic community.
Fubo stated its commitment to offering premium content at competitive rates and emphasized its refusal to accept terms that would burden its subscribers or investors.
Fubo continues to provide a robust selection of Spanish-language programming through its Latino plan, featuring networks such as ESPN Deportes, FOX Deportes, Telemundo Acción, and beIN Sports Español, at what it claims is the lowest price among live TV streaming platforms.
Last week, FuboTV disclosed the launch of Hallmark+, which is available as a standalone premium subscription <a target="_blank" href="https://www.benzinga.com/pressreleases/24/12/b42601547/fubo-launches-hallmark-as-standalone-or-add-on-expanding-current-linear-partnership" rel="noreferrer noopener">or an add-on for Fubo customers</a>.
This launch builds on Fubo&#8217;s existing distribution agreement with Hallmark, which already includes Hallmark&#8217;s linear channels.
Investors can gain exposure to the stock via ProShares Metaverse ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VERS#NYSE">VERS</a>).
Price Action: At the last check on Tuesday, FUBO shares were trading lower by 1.46% at $1.35 premarket.
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Photo: courtesy of FuboTv

Small Cap

FUBO

VERS

fuboTV Battles TelevisaUnivision for Fair Pricing In Spanish-Language Showdown

Warren Buffett&nbsp;is entering 2025 with the largest cash reserve at&nbsp;Berkshire Hathaway&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) in over three decades. 
What Happened:&nbsp;The conglomerate&#8217;s cash holdings have reached a staggering $325 billion, marking the highest percentage of total assets since 1990, CNBC<a href="https://www.cnbc.com/2024/12/22/buffett-heads-into-2025-with-biggest-cash-position-in-more-than-30-years.html"> reported</a> on Tuesday.
This cash accumulation comes as Buffett, 94, finds few attractive investment opportunities amid a highly valued market. The &#8220;Buffett indicator,&#8221; which compares&nbsp;the total market value of&nbsp;U.S. stocks to GDP, has soared to 209%, a level not seen since the 1929 market peak, according to Oppenheimer data.
Throughout 2024, Buffett sold significant portions of his largest holdings, including&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and&nbsp;Bank of America Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), offloading $133 billion in stocks during the year&#8217;s first three quarters. Despite this, Berkshire&#8217;s shares rose 27% in 2024, its best performance since 2021.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/equities/24/12/42642371/smith-wessons-fate-hangs-in-the-balance-as-supreme-court-weighs-mexicos-gun-trafficking-lawsuit-swbi-stock-down-27-over-past-month-heres-whats-next?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Smith &amp; Wesson&#8217;s Fate Hangs In The Balance As Supreme Court Weighs Mexico&#8217;s Gun Trafficking Lawsuit: SWBI&nbsp;Stock Down 27% Over Past Month, Here&#8217;s What&#8217;s Next</a>
Buffett&#8217;s strategy may involve waiting for a major acquisition opportunity, potentially benefiting his successor,&nbsp;Greg Abel. Analyst&nbsp;Kevin Heal&nbsp;from Argus Research suggests that some of the cash could be used for investments in distressed situations, allowing successors to leave their mark.
"This will also provide an opportunity for the successors to make their own mark when Mr. Buffett ocially hands over the reins."
Why It Matters: This substantial cash reserve positions Berkshire Hathaway for strategic maneuvers in the coming years. Recently, Buffett&#8217;s investment activities have shown a shift. In December, Berkshire significantly increased its stake in <a href="https://www.benzinga.com/markets/equities/24/12/42666459/warren-buffett-once-called-berkshire-the-opposite-of-those-who-hurry-to-sell-now-hes-offloading-apple-and-snapping-up-occidental-petroleum-amid-a-20-drop">Occidental Petroleum Corp.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), acquiring approximately 8.9 million shares over a few days. This move, totaling around $405 million, raised Berkshire&#8217;s ownership to 28% of Occidental, valued at approximately $12 billion.
Price Action: As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, BRK.A&#8217;s YTD returns rose by 25.69% while that of BRK.B increased by 25.35%
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Disclaimer: 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.
Image via Shutterstock

AAPL

Warren Buffett Heads Into 2025 With $325 Billion Cash Pile, His Largest in Over Three Decades: Expert Says It 'Will Provide An Opportunity For The Successors To Make Their Own Mark'

From tree-lighting ceremonies, carol sing-alongs, to cute gifts, the Christmas spirit is alive and kicking, bringing families and communities together.
For cryptocurrency enthusiasts, the joy has doubled on the back of Bitcoin's (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) record-breaking run leading up to the special day.
However, things were just the exact opposite during the Christmas of 2022.
What happened: After a searing bull market that catapulted Bitcoin and several other tokens to record highs in 2021, things took a drastic U-turn in 2022.&nbsp;
With implosions like the FTX (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ftt/usd">FTT</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42151412/bankrupt-crypto-exchange-ftx-to-commence-payments-to-customers-creditors-in-early-2025#:~:text=In%20October%2C%20a%20U.S.%20bankruptcy,over%20Robinhood%20shares%20in%20September.">exchange bankruptcy</a> and the collapse of the Terra (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/luna/usd">LUNA</a>) cryptocurrency, the market froze in the cryptocurrency winter of 2022.&nbsp;
Bitcoin fell to $16,000 at its lowest point, with a price on Christmas Day at&nbsp; $16,841.99.
See Also:<a href="https://www.benzinga.com/24/12/42640293/trump-congratulates-bitcoiners-on-new-all-time-highs-as-apex-crypto-suffers-first-weekly-loss-since-election-triumph">Trump Congratulates Bitcoin Community On New All-Time Highs Just As Top Crypto Suffers First Weekly Loss Since His Election Triumph</a>
However, if you were still an optimist and gifted your family $150 worth of Bitcoin on the festive day, you wouldn't have disappointed them in the least.
The market turned around dramatically in 2024, and fueled by Donald Trump's election victory, Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41575112/is-bitcoins-trump-trade-still-valid-its-complicated-but-watch-these-two-data-points">breached the $100,000 milestone</a>.
To set the record straight, Bitcoin traded at $94,140.23 as of this writing. This meant the stash you gifted on Christmas 2022 would be worth $838.44 today, representing a profit of 458%.
To put this in context, it was larger than the average amount an American is estimated to spend on gifts this holiday season, which is $641, <a href="https://nrf.com/media-center/press-releases/2024-holiday-spending-expected-reach-new-record">according </a>to the National Retail Federation.&nbsp;
So, basically, the 2022 gift would have increased your family&#8217;s purchasing power, allowing them to buy even more gifts for your loved ones in 2024.
However, everything is not lost if you ended up panic-selling your Bitcoin stash in 2022. If your belief in the asset&#8217;s long-term potential remains strong, you may wish to buy some this Christmas.
Price Action: At the time of writing, Bitcoin was exchanging hands at $94,140.23, down 0.71% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
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$BTC

$FTT

$LUNA

If You Gave Your Loved Ones A $150 Bitcoin Christmas Gift In 2022, It'd Be Worth More Than What An Average American Spends On The Holiday In 2024

Raymond James analyst Robert Majek initiates coverage on ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) with a Outperform rating and announces Price Target of $1200.

Initiation

Raymond James Initiates Coverage On ServiceNow with Outperform Rating, Announces Price Target of $1200

On Monday, Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) secured several major defense contracts, solidifying its role as a key player in <a target="_blank" href="https://www.defense.gov/News/Contracts/Contract/Article/4016173/" rel="noreferrer noopener">U.S. military and allied operations</a>.
The company received a $3.37 billion modification to an existing agreement, expanding logistics support for the F-35 Lightning II Joint Strike Fighter program.
This initiative encompasses ground maintenance, pilot training, supply chain management, and depot activities for the Air Force, Marine Corps, Navy, Foreign Military Sales (FMS) customers, and other partners.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42658286/metas-ai-powered-ad-growth-and-expanding-user-base-drive-analyst-optimism" rel="noreferrer noopener">Meta User Base, AI-Powered Ad Growth Drive Analyst Optimism</a>
Work will occur in Texas, Florida, South Carolina, Georgia, and California, with completion anticipated by December 2025.
Lockheed Martin has also won a $335.7 million contract modification for the F-35 Joint Strike Fighter program. This deal supports various 2025 activities, including aircraft induction, field and depot site support, and specialized equipment procurement.
The funds come from multiple sources, including Navy and Air Force procurement budgets and contributions from FMS customers and program partners. Work will primarily occur in Fort Worth, Texas, and will likely conclude by the end of 2025.
The company&#8217;s Moorestown, New Jersey division secured a $10.5 million contract to continue engineering and development for the AEGIS Combat System.
The project, focusing on delivering advanced weapon system capabilities for the Navy&#8217;s FFG 62 program, will run until March 2025. Separately, Lockheed Martin&#8217;s Orlando, Florida unit received a $71.6 million contract to provide depot-level support for Apache attack helicopters, with an estimated completion date of December 2025.
Lockheed Martin stock gained 7% year-to-date. Elon Musk&#8217;s <a target="_blank" href="https://www.benzinga.com/news/24/12/42525698/as-elon-musk-takes-on-lockheed-martin-made-f-35s-experts-question-feasibility-of-replacing-manned-fighter-jets-with-drones" rel="noreferrer noopener">recent push for drone warfare</a> over traditional manned aircraft has sparked debate among experts regarding its feasibility.
Musk criticized Lockheed Martin&#8217;s F-35 stealth fighter program, advocating for the use of drone swarms, which he showcased in a video, and questioning the continued investment in piloted jets. Musk, a Donald Trump ally, is a co-lead of Trump&#8217;s Department of Government Efficiency (DOGE).
Goldman Sachs <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42468190/defense-stocks-face-headwinds-as-trumps-doge-targets-spending-cuts-goldman-sachs-downgrades-general-dynamics-to-sell" rel="noreferrer noopener">maintained a Sell rating</a> on Lockheed Martin, citing concerns about the F-35 program, which DOGE leadership has identified as a potential cost-cutting target.
Analyst Noah Poponak highlighted risks to margins and spending, noting that Lockheed&#8217;s free cash flow is projected to remain flat over the coming years. Poponak also pointed out the stock&#8217;s high valuation, trading at 23 times estimated 2025 earnings, which he considers a steep premium given these challenges.
Investors can gain exposure to Lockheed Martin through Vanguard Total Stock Market ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTI#NYSE">VTI</a>) and iShares Core S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVV#NYSE">IVV</a>).
Price Action:&nbsp;LMT stock traded higher by 0.52% to $489.01 premarket at the last check on Tuesday.
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