에 대한 최신 뉴스  (OTC:BAAPL) 주식

As Wall Street crumbles under the weight of tariffs and deepening economic fears, Treasury Secretary Scott Bessent is pointing the finger not at the Trump administration policy but at <a href="https://www.benzinga.com/topic/technology-stocks">the market&#8217;s former darlings</a>.
Speaking on the Tucker Carlson Podcast Friday, Bessent said the ongoing equity sell-off is "more a MAG Seven problem than a MAGA one," referring to the mega-cap tech leaders—Microsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NYSE">MSFT</a>), Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Alphabet Inc. (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>), Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)—that have led markets for much of the past two years.
While Bessent delivered his remarks, the S&amp;P 500 and Nasdaq 100 indices were tumbling through their worst week since March 2020, hammered by mounting fears of tariffs, inflationary pressures, and potential global retaliation that triggered a sharp selloff in risk assets.
The iShares Semiconductor Index (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NYSE">SOXX</a>) is down by an astonishing 17% this week alone, on track for its worst weekly decline since 2001, at the peak of the dot-com crash. 
Apple Inc., the largest U.S. company by market cap, is suffering its worst 2-day selloff since 2013, shedding over $500 billion in value alone. The carnage has erased trillions of dollars in paper wealth, hammering retirement accounts, mutual funds, and 401(k) balances across the country.
<h3 class="wp-block-heading">It's DeepSeek, Not Tariffs, Bessent Claims</h3>
Bessent insists the real trigger was not Trump's universal tariff plan but a reassessment of U.S. tech valuations following China's DeepSeek AI breakthrough. 
In his words, the sell-off "started with DeepSeek," suggesting that Wall Street had priced in AI dominance prematurely and is now correcting that assumption.
"This isn't about tariffs, it's about a dose of reality in the AI space."
<h3 class="wp-block-heading">Bessent Defends Tariff Revolution</h3>
&#8220;This is transformational for the American economy, the American worker, and the new Republican alignment," Bessent said.
Bessent didn't shy away from defending the economic rationale. He cited new MIT research showing that the Trump administration's original 20% tariffs on China only lifted U.S. prices by 0.7%, suggesting that foreign producers absorbed much of the impact.
Bessent emphasized that tariffs are about more than just economics—they&#8217;re about security. "Economic security is national security," he said, referencing COVID-19 as a wake-up call that exposed the fragility of global supply chains.
 "We don't make our own medicine, our own chips, or our own ships," Bessent noted, advocating for reshoring critical industries to prevent strategic vulnerabilities.
The administration's long-term strategy, according to Bessent, is to use tariffs as a bridge: boost revenue in the short run while incentivizing companies to build domestically, thereby reducing the need for tariffs altogether. 
"First, we collect. Then, we build. Then, the tariffs drop—but revenue from taxes and jobs goes up."
&#8220;We&#8217;re pushing to get the tax bill done so we can guarantee the low taxes,&#8221; he added. 
Bessent dismissed the threat of retaliation from global trading partners, indicating that surplus nations like China and Germany are in no position to strike back effectively.
"We are the debtor nation. We have the trade deficits. The surplus nation is in the weaker position," Bessent said, asserting that China's economic model—heavily reliant on exports—is "the most unbalanced in the history of the modern world."
"I think President Trump has broken their business model with these tariffs," he said. 
"They [China] can't survive without it [the surplus]."
"I think the Europeans are going to have to rebalance, too," he noted, pointing to Germany's overdependence on exports and expensive energy policies as unsustainable.
<h3 class="wp-block-heading">Market Reactions</h3>
Stocks deepened their decline in afternoon trading in New York, with investors finding little comfort from either fiscal or monetary leaders. 
Earlier in the day, Fed Chair Jerome Powell reaffirmed that the central bank is in a strong position and sees no urgency to begin cutting interest rates.
The S&amp;P 500 index – as tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) – is down 5%, on track for its worst day in five years.
The tech-heavy Nasdaq 100 – tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – sunk 5.1%, eyeing its worst day since March 2020.
Within Magnificent Seven stocks, Tesla fell 9.8%, followed by Nvidia&#8217;s 7.2% decline. 
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</ul>
Photo: Maxim Elramsisy/Shutterstock

Politics

AAPL

AMZN

GOOG

GOOGL

MSFT

NVDA

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

TSLA

'It's More A Mag 7 Problem Than A MAGA One,' Says Bessent As Wall Street Implodes

News

Contracts

SpaceX, United Launch Alliance Expected To Win U.S. Space Force Launch Contracts Worth Billions Of Dollars On Friday Under Key National Security Space Launch Program

WIIM

Shares of defense and aerospace stocks are trading lower amid overall market weakness on tariff concerns, which has weighed on stocks across sectors.

<a href="https://www.bloomberg.com/news/articles/2025-04-04/tesla-s-head-of-software-engineering-is-said-to-depart-ev-maker" title="https://www.bloomberg.com/news/articles/2025-04-04/tesla-s-head-of-software-engineering-is-said-to-depart-ev-maker">https://www.bloomberg.com/news/articles/2025-04-04/tesla-s-head-of-software-engineering-is-said-to-depart-ev-maker</a>

Management

'Tesla's Software Engineering Head Is Said to Depart EV Maker' - Bloomberg News

RXO shares are trading lower after Oppenheimer downgraded the stock from Outperform to Perform.

Arvinas, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARVN#NASDAQ">ARVN</a>) unveiled first-in-human data on Friday for its experimental Parkinson&#8217;s <a target="_blank" href="https://www.benzinga.com/general/health-care" rel="noreferrer noopener">disease treatment, ARV-102</a>.
Results from the randomized, double-blind, placebo-controlled single ascending dose (SAD) cohort of the Phase 1 healthy volunteer trial and initial results from the multiple ascending dose (MAD) cohort were shared in a presentation at the 2025 International Conference on <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/g44643711/arvinas-presents-first-in-human-data-for-investigational-oral-protac-arv-102-demonstrating-blood-b" rel="noreferrer noopener">Alzheimer&#8217;s and Parkinson&#8217;s Diseases</a>.
The Phase 1 trial included SAD cohorts from 10 mg to 200 mg and MAD cohorts of 10 mg to 80 mg in healthy volunteers.
In the trial ARV-102, the company&#8217;s investigational PROteolysis TArgeting Chimera (PROTAC) leucine-rich repeat kinase 2 (LRRK2) degrader, demonstrated substantial reduction of LRRK2, a multifunctional protein that has been implicated in Parkinson&#8217;s disease and progressive supranuclear palsy (PSP), in cerebral spinal fluid (CSF).
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/25/03/44255339/arvinas-pfizer-breast-cancer-drug-fails-to-show-progression-free-survival-benefit-in-trial" rel="noreferrer noopener">Arvinas, Pfizer Breast Cancer Drug Fails To Show Progression-Free Survival Benefit In Trial</a>
The trial also showed an encouraging safety/tolerability profile and favorable pharmacodynamic outcomes.
A single oral dose of at least 60 mg ARV-102 induced more than 50% reduction of LRRK2 protein in cerebrospinal fluid and over 90% reduction in peripheral blood mononuclear cells.
While LRRK2 is primarily known for its role in Parkinson&#8217;s, Arvinas noted that emerging evidence suggests it also plays a role in tauopathies, including progressive supranuclear palsy (PSP).
Arvinas added that early data suggest the drug was well tolerated. Data from 47 volunteers across all SAD dose levels showed the most common treatment-related issues were headaches (17.1%) and fatigue (8.6%), although fatigue was more common among placebo recipients (25%).
In the fourth quarter of 2024, Arvinas initiated dosing in the SAD cohort of the Phase 1 clinical trial with ARV-102 in patients with Parkinson&#8217;s disease.
The company expects to complete enrollment and present initial data from the ongoing SAD cohort of the Phase 1 trial in patients with Parkinson&#8217;s disease and initiate the MAD cohort of the Phase 1 clinical trial in patients with Parkinson&#8217;s disease in 2025.
Price Action: ARVN stock is down 4.93% at $6.56 at the last check on Friday.
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Photo by Berit Kessler via Shutterstock

Biotech

Health Care

Movers

Trading Ideas

General

ARVN

Arvinas Potential Parkinson's Treatment Shows Positive Data In Human Study

Needham analyst Laura Martin reiterated a Buy rating on the shares of DoubleVerify Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DV#NYSE">DV</a>) <a href="https://www.benzinga.com/topic/software">with a price forecast of $22</a>.
On April 2, President Trump <a href="https://www.benzinga.com/25/04/44634737/retailers-brace-for-higher-costs-as-us-tariff-rates-soar-says-goldman-sachs">announced reciprocal tariffs</a>, including a 10% hike on all countries except Mexico and Canada, with higher rates for select nations with trade deficits.
The analyst discussed DoubleVerify&#8217;s exposure to tariffs and the implications. The New York-based company operates on a fixed-fee basis rather than a revenue-sharing model, ensuring stable earnings regardless of ad spend fluctuations, said the analyst.
Since all of DoubleVerify's revenue is digital, with 30% generated outside the U.S., it is less vulnerable to domestic tariff impacts.
Also Read: <a href="https://www.benzinga.com/25/04/44645277/why-is-ev-maker-mullen-automotive-stock-skyrocketing-today">Why Is EV Maker Mullen Automotive Stock Surging Today?</a>
DoubleVerify verifies ads across Walled Gardens and the Open Internet, ensuring consistent revenue as long as digital advertising continues.
The company is not heavily reliant on industries like automotive, industrials, or durables, which are more affected by tariffs, noted the analyst.
Expanding customer adoption, product up-sells, and traction with Meta's pre-bid product could mitigate economic uncertainties.
DV has maintained double-digit growth across activation, measurement, and supply-side revenue streams, with a 95%+ gross revenue retention rate, positioning it as more resilient than other ad-focused companies, the analyst opined.
The digital advertising industry is expanding at 10% annually, providing a long-term growth opportunity for DV, uniquely verifying impressions across both Walled Gardens (Meta, Google, TikTok, etc.) and the Open Internet.
DoubleVerify benefits from high barriers to entry, a strong client retention record, and a dominant 70-80% success rate in competitive bids, reinforcing its leadership in digital ad verification, Martin said.
Price Action: DoubleVerify shares traded lower by 0.95% at $12.52 at last check Friday.
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</ul>
Image: Shutterstock

Price Target

Reiteration

Analyst Ratings

Tariff Impact? Not For Software Provider DoubleVerify, Here's Why

<ul>
<li>A prominent market analyst has argued that there is a looming positive shift in Bitcoin&#8217;s trajectory.</li>
<li>The call follows a significant drop in selling pressure on top exchanges.</li>
<li>Bitcoin&#8217;s price chart still looks weak in the short term, according to several analysts.</li>
</ul>
Q1 for Bitcoin was anything but the thrilling run most market participants had anticipated. Amid broader market uncertainty sparked by <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44542821/inflation-will-accelerate-in-coming-months-if-april-2-tariffs-take-effect-economist-warns">rapid changes in macroeconomic dynamics</a>, the asset closed the quarter nearly 12% lower, its worst Q1 showing in seven years. However, as Q2 kicks off in earnest, one analyst has suggested that a shift may be on the horizon.
<h2 class="wp-block-heading">Asymmetric Demand</h2>
In a Tuesday X post, prominent crypto analyst Axel Adler Jr. <a href="https://x.com/AxelAdlerJr/status/1906951304804508115?t=xlH8bQcgJv0Wo16OFpRS4A&amp;s=19">asserted</a> that Bitcoin was in an asymmetric demand zone, arguing that sellers appeared exhausted while buyers appeared content with current prices.
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He expressed this view, citing a 64% drop in selling pressure on top exchanges from 81,000 BTC in December when the asset first crossed $100,000 to 29,000 BTC at the end of March per CryptoQuant&#8217;s exchange inflows chart.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The average selling pressure on top exchanges has dropped from 81K to 29K BTC per day. Welcome to the zone of asymmetric demand. The market has successfully absorbed waves of profit-taking following the break above $100K. Sellers have dried up, and buyers seem comfortable with… <a href="https://t.co/mgzrCacMMq">pic.twitter.com/mgzrCacMMq</a>
&mdash; Axel &#x1f48e;&#x1f64c; Adler Jr (@AxelAdlerJr) <a href="https://twitter.com/AxelAdlerJr/status/1906951304804508115?ref_src=twsrc%5Etfw">April 1, 2025</a></blockquote>
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According to the analyst, the current market dynamics could set the stage for a supply shortage that could spark Bitcoin&#8217;s next impulsive move to the upside. He noted that this impulsive move could be foreshadowed by consolidation in April and May.
Despite the underlying shift in the forces of demand and supply, Bitcoin&#8217;s chart still looks weak, according to several prominent chartists.&nbsp;
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">Is $92K The Level To Watch?</h2>
On Monday, well-followed market analyst Mathieu <a href="https://x.com/CryptoByMathieu/status/1906590639954731507?t=Tyv2PFzR2159YxIjP4KZyg&amp;s=19">argued</a> that bullish confirmation would come if Bitcoin reclaimed its 200-day moving average and $92,000 as support.
&#8220;A reclaim of 92k would make me bullish, targeting a new BTC ATH,&#8221; he wrote.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A reclaim of $92k would make me bullish, targeting a new <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> ATH, but we cannot neglect the fact that we are looking extremely weak.<a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a> looks awful and Bitcoin just got rejected from the BMSB and the $86.5k-$87.5 zone. We are also below the 200D MA for both. Don&#39;t catch… <a href="https://t.co/GV0k0TOb2n">https://t.co/GV0k0TOb2n</a> <a href="https://t.co/A3XRZyV8Rv">pic.twitter.com/A3XRZyV8Rv</a>
&mdash; Mathieu &#8211; C₿M (@CryptoByMathieu) <a href="https://twitter.com/CryptoByMathieu/status/1906590639954731507?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
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Mathieu&#8217;s views are shared by &#8220;HTL-NL,&#8221; who marked out the $92,000 level as &#8220;BREAKING THE ICE.&#8221; HTL-NL appears to believe that a Bitcoin price breakdown to $73,000 is more likely in the short term but suggests that the strength of the asset&#8217;s present bounce will likely determine its eventual direction.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Bouncy McBounceface perhaps in the next day or two. Never a straight line up or down. /IF/ we get one, the energy of it will tell us more. No bounce will mean a lot too. <a href="https://t.co/HPIU3ss40l">pic.twitter.com/HPIU3ss40l</a>
&mdash; HTL-NL &#x1f1f3;&#x1f1f1; (@htltimor) <a href="https://twitter.com/htltimor/status/1906569553699864968?ref_src=twsrc%5Etfw">March 31, 2025</a></blockquote>
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</figure>
See Also: Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.
It likely doesn&#8217;t help that significant market volatility is expected this week as markets await several key economic releases and <a href="https://www.benzinga.com/news/global/25/04/44585626/trump-aides-draft-sweeping-20-tariffs-on-at-least-most-imports-report">President Donald Trump&#8216;s Wednesday tariff announcement</a>.
According to Kronos Research CEO Hank Huang, the impact of the anticipated fresh tariffs on the market will likely depend on how other countries respond.
&#8220;Trump&#8217;s reciprocal tariffs take effect on April 2, injecting volatility into the crypto market as investors react to macroeconomic uncertainty. A potential dip in the USD could bolster confidence in risk-on assets like BTC, but much depends on whether other nations respond with more retaliation or negotiation,&#8221; he wrote in a <a href="https://x.com/KronosResearch/status/1906942599065428410?t=7Hy0hdlqvuldYFntyobjkg&amp;s=19">note</a> shared on Tuesday.
Nonetheless, at the time of writing, Bitcoin is trading near $85,000, representing a nearly 2% increase over the past 24 hours in an okay start to a month that has typically been positive for the asset. For context, the asset has closed April with profits seven out of 12 years, boasting an average gain of 12% overall.
Time will tell whether Bitcoin can extend this stretch to eight out of 13.
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</ul>

Personal Finance

Bitcoin In Asymmetric Demand Zone, Says Analyst: Here's What It Means For BTC Price

Shares of major Europe-related ETFs are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.

J.P. Morgan analyst Ken Goldman reiterated the Neutral rating on Lamb Weston Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LW#NYSE">LW</a>) on Thursday, <a href="https://www.benzinga.com/quote/LW/analyst-ratings" target="_blank" rel="noreferrer noopener">raising the price forecast from $65 to $66.</a>
Goldman cited medium-term risks tied to an ongoing supply and demand imbalance in the French fry market.
Yesterday, the company reported third-quarter adjusted earnings per share of $1.10,&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/25/04/44629158/why-is-frozen-potato-supplier-lamb-weston-stock-gaining-today" rel="noreferrer noopener">beating the analyst consensus estimate of 87 cents. </a>Quarterly sales of $1.521 billion (up 4% year over year) outpaced the street view of $1.492 billion.
The analyst noted that while the industry holds long-term growth potential, current conditions present uncertainty, and visibility beyond the near term remains limited.
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Goldman also projects that the company will continue adjusting prices to regain market share, but expressed doubts about whether demand will grow fast enough to match supply in the coming years. Still, the analyst acknowledged the long-term appeal.
The analyst highlighted the difficulty in forecasting Lamb Weston's performance beyond the upcoming quarter due to several uncertainties surrounding fiscal year 2026.
Goldman noted potential upside factors such as new customer contracts, lower potato input costs in North America, greater-than-expected cost savings, and increased share repurchases.
Additionally, the analyst pointed out that FY26 will include an extra week, which could positively affect results.
Meanwhile, Goldman also flagged several risks, including ongoing pricing initiatives to win business without guaranteed cost deflation, persistent challenges in the quick-service restaurant sector, a possible rise in overall fry supply, and uncertainties tied to tariffs.
Price Action: LW shares are trading lower by 0.55% to $59.25 at last check Friday.
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</ul>
Photo via Shutterstock.

Analyst Color

Equities

Lamb Weston May Keep Cutting Prices To Win Back Market Share, But Demand Recovery Remains Uncertain

Rosenblatt analyst Mike Genovese upgraded Coherent Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) from Neutral to Buy and lowered the <a target="_blank" href="https://www.benzinga.com/quote/COHR/analyst-ratings" rel="noreferrer noopener">price target from</a> $115 to $85 on Friday.
Genovese is upbeat on sequential re-acceleration in AI transceivers by the second half of calendar 2025, driven by the Blackwell rollout and Coherent ZR transceiver demand for Data Center Interconnect (DCI) and telecom application that is very strong.
The analyst is bullish on the transceiver market through 2030 and increasingly views co-packaged optics (CPO) as more of an opportunity than a threat because of new products like Ultra-High-Power (UHP) lasers and Optical Circuit Switches (OCS).
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44517267/whats-going-on-with-coherent-stock-thursday" target="_blank" rel="noreferrer noopener">Coherent Stock Slides as It Plans to Offload Fabrication Site Near University of Illinois</a>
Coherent is also making solid progress in commercializing 200G VCSELs and 100G and 200G EMLs.
Additional reasons for liking Coherent are the strong new CEO, Jim Anderson.
The stock has pulled back to its historical (pre-AI) valuation of under 13 times forward earnings. This likely signals that the buy side believes numbers need to come down due to demand destruction from the new tariffs, including 24% on Malaysian goods.
Genovese did not change estimates, primarily because of the very positive demand messages he heard from companies at the Optical Fiber Conference (OFC) this week. Another reason is that tariffs still seem to be a potentially moving target.
The analyst considers Coherent to be a long-term leader in AI Optics.
Coherent has increased 800G Datacom transceiver revenues every quarter for the last couple of years and now does ~$300 million per quarter in sales. This makes Coherent #2 in global market share after Innolight.
While sequential growth for Coherent in 800G has continued, it has slowed recently.
Investors are now openly discussing Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) <a target="_blank" href="https://www.benzinga.com/news/global/25/04/44645946/microsoft-halts-data-center-expansions-due-to-semiconductor-tariff-concerns-ai-overcapacity-fears" rel="noreferrer noopener">delaying some new</a> Data Center builds.
Nevertheless, the analyst expects Coherent&#8217;s and the overall market&#8217;s 800G Datacom transceiver sales to accelerate in the September and December quarters, driven by attachments to shipments of Blackwell GPUs ordered in the first half of 2025.
In the second quarter of 2025, Coherent&#8217;s Telecom revenues grew 11% year over year, following 17% year over year growth in the first quarter of 2025.
The company noted the strong ramp of new products and said it expects these products to continue to grow over the coming quarters.
Coherent management echoed these sentiments when Genovese met with them this week at OFC.
In addition, Ciena Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) and Cisco Systems, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) said that the demand for Hyper-Scale DCI remains incredibly strong at OFC this week. However, any chatter investors hear about Microsoft, in particular, slowing down on some new Data Center investments.
At the OFC meeting, Coherent said it has the vendor&#8217;s most extensive portfolio of CPO components. The company also said CPO equipment is currently 2 to 4 times more expensive than transceiver equipment since it is new and esoteric. Coherent told the analyst it is participating in OCS deployments this year at a significant Hyper Scaler and is engaged in similar planning and bids with others.
According to the analyst&#8217;s checks, Lumentum Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) is still significantly ahead in EML capacity, but Coherent is finally getting close to ramping up its own EML production.
Genovese is confident that Coherent can expand its production of indium phosphide lasers, including EMLs and CWs, over time.
Coherent has manufacturing locations around the world, including Malaysia (24% tariff), China (54% tariff), other Asian countries (tariff rates mostly between Malaysia and China), and Europe (20% tariff).
Genovese projected third-quarter revenue of $1.44 billion and EPS of 85 cents.
Price Action: Coherent stock is down 9% at $49.06 at last check Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/media/25/04/44644607/verizons-new-3-year-price-lock-free-phone-offer-strategic-move-to-boost-customer-retention" target="_blank" rel="noreferrer noopener">Verizon&#8217;s New 3-Year Price Lock, Free Phone Offer: Strategic Move To Boost Customer Retention</a></li>
</ul>

Upgrades

CIEN

COHR

CSCO

LITE

Coherent Gets Analyst Upgrade, But Tariffs Could Cast Shadow Over Future Growth

Financial giants have made a conspicuous bearish move on Monolithic Power Systems. Our analysis of options history for Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) revealed 12 unusual trades.
Delving into the details, we found 16% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $590,309, and 4 were calls, valued at $166,150.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $410.0 to $580.0 for Monolithic Power Systems over the recent three months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Monolithic Power Systems's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Monolithic Power Systems's whale trades within a strike price range from $410.0 to $580.0 in the last 30 days. 
<h3>Monolithic Power Systems Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743793845_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MPWR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$97.0</td>
<td>$90.3</td>
<td>$94.48</td>
<td>$550.00</td>
<td>$141.7K</td>
<td align="right">174</td>
<td align="right">19</td>
</tr>
<tr>
<td>MPWR</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/19/25</td>
<td>$86.0</td>
<td>$77.1</td>
<td>$80.73</td>
<td>$450.00</td>
<td>$121.0K</td>
<td align="right">5</td>
<td align="right">18</td>
</tr>
<tr>
<td>MPWR</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$101.4</td>
<td>$94.9</td>
<td>$97.9</td>
<td>$560.00</td>
<td>$107.6K</td>
<td align="right">199</td>
<td align="right">219</td>
</tr>
<tr>
<td>MPWR</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$102.3</td>
<td>$94.1</td>
<td>$98.8</td>
<td>$560.00</td>
<td>$88.9K</td>
<td align="right">199</td>
<td align="right">26</td>
</tr>
<tr>
<td>MPWR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$50.0</td>
<td>$45.6</td>
<td>$45.6</td>
<td>$460.00</td>
<td>$68.4K</td>
<td align="right">0</td>
<td align="right">15</td>
</tr>
</tbody>
</table>

<h3>About Monolithic Power Systems</h3>
Monolithic Power Systems is an analog and mixed-signal chipmaker, specializing in power management solutions. The firm's mission is to reduce total energy consumption in end systems, and it serves the computing, automotive, industrial, communications, and consumer end markets. MPS uses a fabless manufacturing model, partnering with third-party chip foundries to host its proprietary BCD process technology.
Having examined the options trading patterns of Monolithic Power Systems, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is Monolithic Power Systems Standing Right Now?</h3>
<ul>
<li>With a trading volume of 1,062,339, the price of MPWR is down by -3.24%, reaching $482.52.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 26 days from now.</li>
</ul>
<h3>What The Experts Say On Monolithic Power Systems</h3>
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $738.33.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Oppenheimer has revised its rating downward to Outperform, adjusting the price target to $800. 
&#x2A; Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Monolithic Power Systems, targeting a price of $665. 
&#x2A; Maintaining their stance, an analyst from Rosenblatt continues to hold a Neutral rating for Monolithic Power Systems, targeting a price of $750. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Monolithic Power Systems with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Options

Markets

MPWR

Market Whales and Their Recent Bets on MPWR Options

Financial giants have made a conspicuous bullish move on Trade Desk. Our analysis of options history for Trade Desk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) revealed 22 unusual trades.
Delving into the details, we found 59% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 15 were puts, with a value of $821,312, and 7 were calls, valued at $254,600.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $32.5 to $95.0 for Trade Desk over the recent three months. 
<h3>Volume &amp; Open Interest Trends</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Trade Desk's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Trade Desk's significant trades, within a strike price range of $32.5 to $95.0, over the past month.
<h3>Trade Desk Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743793840_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th align="right">Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/18/26</td>
<td>$6.2</td>
<td>$6.05</td>
<td>$6.2</td>
<td>$35.00</td>
<td>$116.5K</td>
<td align="right">11</td>
<td>226</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/20/26</td>
<td>$7.8</td>
<td>$7.55</td>
<td>$7.8</td>
<td>$40.00</td>
<td>$84.9K</td>
<td align="right">99</td>
<td>2.2K</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/23/25</td>
<td>$8.55</td>
<td>$7.8</td>
<td>$7.8</td>
<td>$50.00</td>
<td>$78.0K</td>
<td align="right">8</td>
<td>100</td>
</tr>
<tr>
<td>TTD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.6</td>
<td>$6.45</td>
<td>$6.6</td>
<td>$47.50</td>
<td>$73.2K</td>
<td align="right">28</td>
<td>327</td>
</tr>
<tr>
<td>TTD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/23/25</td>
<td>$8.7</td>
<td>$7.85</td>
<td>$7.87</td>
<td>$50.00</td>
<td>$70.8K</td>
<td align="right">8</td>
<td>250</td>
</tr>
</tbody>
</table>

<h3>About Trade Desk</h3>
The Trade Desk provides a self-service platform that helps advertisers and ad agencies programmatically find and purchase digital ad inventory (display, video, audio, and social) on devices like computers, smartphones, and connected TVs. It uses data in an iterative manner to optimize the performance of ad impressions purchased. The firm's platform is referred to as a demand-side platform in the digital ad industry, and it generates revenue from fees based on a percentage of what its clients spend on advertising.
After a thorough review of the options trading surrounding Trade Desk, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of Trade Desk</h3>
<ul>
<li>Currently trading with a volume of 11,253,605, the TTD's price is down by -4.91%, now at $46.67. </li>
<li>RSI readings suggest the stock is currently may be oversold.</li>
<li>Anticipated earnings release is in 33 days.</li>
</ul>
<h3>What The Experts Say On Trade Desk</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $101.2.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on Trade Desk with a target price of $72. 
&#x2A; An analyst from Citizens Capital Markets has revised its rating downward to Market Outperform, adjusting the price target to $115. 
&#x2A; Consistent in their evaluation, an analyst from Keybanc keeps a Overweight rating on Trade Desk with a target price of $74. 
&#x2A; In a cautious move, an analyst from Needham downgraded its rating to Buy, setting a price target of $145. 
&#x2A; An analyst from RBC Capital has decided to maintain their Outperform rating on Trade Desk, which currently sits at a price target of $100. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Trade Desk with <a href="https://www.benzinga.com/pro/">Benzinga Pro</a> for real-time alerts.

Trade Desk Unusual Options Activity

Shares of transportation stocks are trading lower amid concerns over tariffs, which could weigh on global trade and dampen economic activity.

Each week,&nbsp;Benzinga's Stock Whisper Index&nbsp;uses a combination of proprietary data and pattern recognition to showcase five stocks that are just under the&nbsp;<a href="https://www.benzinga.com/topic/stock-whisper-index" target="_blank" rel="noreferrer noopener">surface and deserve attention</a>.
Investors are constantly on the hunt for undervalued, under-followed and emerging stocks. With countless methods available to retail traders, the challenge often lies in sifting through the abundance of information to uncover new opportunities and understand why certain stocks should be of interest.
Read Also:&nbsp;<a href="https://www.benzinga.com/trading-ideas/25/04/44597684/exclusive-marchs-20-most-searched-tickers-on-benzinga-pro-where-do-tesla-nvidia-apple-applovin-stock-rank" target="_blank" rel="noreferrer noopener">EXCLUSIVE: March&#8217;s 20 Most-Searched Tickers On Benzinga Pro — Where Do Tesla, Nvidia, Apple, Applovin Stock Rank?</a>
<h1 class="wp-block-heading">Here&#8217;s a look at the Benzinga Stock Whisper Index for the week ending April 4:</h1>
Barrick Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>): For the second-straight week, a gold stock makes its way on the Stock Whisper Index. Readers are paying increased attention to gold stocks with the price of gold at <a href="https://www.benzinga.com/government/regulations/25/03/44308014/gold-hits-record-highs-as-trade-war-fears-fuel-safe-haven-demand-mining-stocks-soar">record highs</a>. 
Barrick Gold is expected to report first-quarter financial results later this month. Analysts expect the company to post earnings per share and revenue growth from the year-over-year period. Barrick has beaten analyst estimates for earnings per share in two of the last three quarters, but only four of the past 10 quarters overall. The company has missed revenue estimates in seven of the past 10 quarters, including two straight quarters. With improving prices for gold, investors will be waiting to see if Barrick's financials improved and what the company is saying about the future.
The <a href="https://www.benzinga.com/trading-ideas/25/03/44546189/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-59">Benzinga Pro chart</a> below shows shares dropping slightly on the week in the midst of tariffs from President Donald Trump.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/trading-ideas/25/03/44546189/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-59"><img loading="lazy" decoding="async" width="997" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181219/Screenshot-374.png" alt="" class="wp-image-856512" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181219/Screenshot-374.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181219/Screenshot-374-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181219/Screenshot-374-768x386.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Prologis Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>): The industrial and logistics real estate company saw increased interest from readers during the week. 
The company is set to report first-quarter financials on April 16. Analysts expect the company to report earnings per share of $1.38, up from $1.28 per share in last year's first quarter. Prologis has beaten earnings estimates in three straight quarters. 
Analysts expect the company to report first-quarter revenue of $2.04 billion, up from $1.83 billion in last year's first quarter. The company has missed analyst estimates for revenue in five straight quarters and seven of the past 10 quarters overall. Prologis will also host its annual shareholder meeting on May 8, which could provide back-to-back months of company news and catalysts.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/trading-ideas/25/03/44546189/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-59"><img loading="lazy" decoding="async" width="995" height="498" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181238/Screenshot-375.png" alt="" class="wp-image-856513" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181238/Screenshot-375.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181238/Screenshot-375-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181238/Screenshot-375-768x384.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>
 Ecolab Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECL#NYSE">ECL</a>): The cleaning and sanitation company saw strong interest from readers during the week, which comes with Baird maintaining a Neutral rating and lowering the price target from $288 to $277. 
The company is expected to report first-quarter financial results later this month. Analysts expect the company to report earnings per share of $1.50, up from $1.34 in last year's first quarter; it has beaten analyst estimates for earnings per share in nine straight quarters. Analysts expect the company to report revenue of $3.70 billion, down from $3.75 billion in last year's first quarter. Ecolab beat analyst estimates for revenue in the fourth quarter and has beaten the estimate in five of the last 10 quarters.
"We enter 2025 confident in our ability to deliver continued strong performance in a dynamic environment. Growth in the United States, our largest and most profitable region, continues to be very strong," Ecolab CEO Christophe Beck <a href="https://www.benzinga.com/news/earnings/25/02/43626120/ecolab-q4-solid-eps-growth-industrial-and-institutional-acceleration-2025-momentum-and-more">said </a>after fourth-quarter financial results.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/trading-ideas/25/03/44546189/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-59"><img loading="lazy" decoding="async" width="999" height="501" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181253/Screenshot-376.png" alt="" class="wp-image-856514" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181253/Screenshot-376.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181253/Screenshot-376-300x150.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181253/Screenshot-376-768x385.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Nutanix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>): The cloud software company saw increased interest from readers during the week. 
In February, Nutanix<a href="https://www.benzinga.com/25/02/44007219/nutanix-q2-revenue-rises-16-margins-expand-as-cloud-business-gains-momentum"> reported second-quarter results</a> that included revenue up 16% year-over-year and earnings per share of 56 cents. Both figures beat analyst estimates and led to several analysts <a href="https://www.benzinga.com/quote/NTNX/analyst-ratings">raising their price targets </a>on the stock. Nutanix also raised its full-year revenue, operating margin and free cash flow estimates. The company will <a href="https://www.globenewswire.com/news-release/2025/04/03/3055224/0/en/Nutanix-Announces-2025-NEXT-Event-Lineup-Shape-the-Next-Era-of-AI-Cloud-Native-and-Hybrid-Multicloud-Innovation.html">host </a>the NEXT 2025 event covering sectors like AI and the cloud from May 7 to May 9.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/trading-ideas/25/03/44546189/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-59"><img loading="lazy" decoding="async" width="997" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181309/Screenshot-377.png" alt="" class="wp-image-856515" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181309/Screenshot-377.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181309/Screenshot-377-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181309/Screenshot-377-768x387.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>
Xylem Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYL#NYSE">XYL</a>): The water technology company saw increased interest from investors during the week. The company will report first-quarter financial results on April 29. 
Analysts expect earnings per share and revenue to increase from last year's first quarter. Xylem beat analyst estimates for earnings per share in the fourth quarter and has beaten estimates in eight of the past 10 quarters overall. The company has beaten analyst revenue estimates in eight of the past 10 quarters.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/trading-ideas/25/03/44546189/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-59"><img loading="lazy" decoding="async" width="999" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181324/Screenshot-378.png" alt="" class="wp-image-856516" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181324/Screenshot-378.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181324/Screenshot-378-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/03181324/Screenshot-378-768x386.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>
Stay tuned for next week's report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0403" target="_blank" rel="noreferrer noopener">top market-moving stories here.</a>
Read the latest Stock Whisper Index reports here:
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/25/03/44209284/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-56" target="_blank" rel="noreferrer noopener">March 7</a></li>
<li><a href="https://www.benzinga.com/25/03/44333602/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">March 14</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/25/03/44448522/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-58" target="_blank" rel="noreferrer noopener">March 21</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/25/03/44546189/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-59">March 28</a></li>
</ul>
Read Next:
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<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43041374/exclusive-how-high-will-sp-500-go-under-donald-trump-in-2025-readers-are-optimistic-26-say-this" target="_blank" rel="noreferrer noopener">EXCLUSIVE: How High Will S&amp;P 500 Go Under Donald Trump In 2025? Readers Are Optimistic, 26% Say This…</a></li>
</ul>

Commodities

Exclusives

Tech

GOLD

NTNX

Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Secretly Monitor But Don't Talk About Yet

These past three months were not what U.S. <a href="https://www.benzinga.com/topic/mergers-and-acquisitions">dealmakers wanted or expected</a>.
As of April 3, transaction tracker Dealogic showed zero percent growth in U.S.-based M&amp;A volume compared to last year&#8217;s first quarter.
Elsewhere? Volume is spiking triple digits.
<ul>
<li>The Middle East and Africa combined are seeing 123% growth in M&amp;A.</li>
<li>Japan: 105%</li>
<li>Asia: 103%</li>
</ul>
Deal volume is also up in Canada, Europe and Australia. Only in Latin America is it in the red, with <a href="https://www.benzinga.com/personal-finance/financial-advisors/25/03/44342234/deal-dispatch-trump-ma-boom-is-a-bust-purple-mattress-considers-sale-celtics-auction-heats-up">barely a peep</a> coming from the U.S.
For those keeping track of who correctly predicted this downtrend, don&#8217;t look to Bank of America. After Election Day, the firm&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41979935/golden-years-for-ma-deals-ahead-under-trump-analysts-highlight-top-10-large-cap-candidates">analysts boldly predicted</a> that the then-incoming Trump administration would remove Federal Trade Commission chair Lina Khan and, presto, the antitrust roadblocks for M&amp;A activity would be removed.
Those analysts were wrong. Just 10 days after Trump&#8217;s inauguration, the U.S. Department of Justice <a href="https://www.benzinga.com/news/legal/25/01/43353124/hewlett-packard-enterprise-shares-fall-as-us-department-of-justice-sues-to-block-juniper-acquisition">sued to block</a> Hewlett Packard Enterprise&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) $14 billion deal to acquire networking gear maker Juniper Networks. In March, Surmodics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRDX#NASDAQ">SRDX</a>) <a href="https://julian-34159.medium.com/m-a-malaise-whats-behind-the-2025-deal-slowdown-8471a15b914c">saw its stock price fall</a> after the FTC challenged a proposed acquisition by private equity firm GTCR LLC.
Those BofA analysts also forgot that the previous Trump administration was not particularly lenient regarding consolidation. AT&amp;T and Time Warner; Sinclair and Tribune Media; Broadcom and Qualcomm; DraftKings and FanDuel — <a href="https://www.benzinga.com/news/asset-sales/25/03/44202239/deal-dispatch-tiktok-walgreens-raizen">all blocked</a>.
On the shiny side, gold-related M&amp;A deals have increased, but transaction sizes are much smaller, Benzinga&#8217;s Stjepan Kalinic <a href="https://www.benzinga.com/news/legal/25/03/44490949/gold-ma-deals-are-accelerating-but-average-deals-are-smaller-research-shows">wrote this week</a>.
See Also: <a href="https://www.benzinga.com/government/regulations/25/04/44648681/powell-cites-tariff-driven-inflation-risks-shrugs-off-trumps-call-for-perfect-time-to-cut-rates">Trump Urges Immediate Rate Cuts, Powell Says It&#8217;s &#8216;Too Soon&#8217; As Tariffs Will Likely Drive Inflation</a>
<h2 class="wp-block-heading">New On The Block</h2>
<ul>
<li>I Squared Capital is considering selling its European trailer-leasing business, TIP Group, which could be valued at over €3 billion ($3.2 billion). The Miami-based firm is consulting advisers but has not yet launched a formal sale process, Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-04-02/i-squared-said-to-weigh-3-billion-sale-of-trailer-leasing-firm?srnd=phx-deals&amp;sref=TBDibEcD">reports</a>. Based in Amsterdam, TIP Group may attract interest from infrastructure funds and industry peers. I Squared acquired the company in 2018 from HNA Group and has since expanded it through acquisitions, including Trailer Wizards in Canada and Eurotrail UK Ltd. The company was rebranded as TIP Group in 2022.</li>
</ul>
<ul>
<li>Bowmark Capital is working with Arma Partners on a potential sale of workforce management software firm Totalmobile, which could be valued at over £500 million ($649 million). A formal sale process may start later this year, according <a href="https://www.bloomberg.com/news/articles/2025-04-02/pe-firm-bowmark-said-to-weigh-500-million-sale-of-totalmobile?sref=TBDibEcD">to</a> Bloomberg. Totalmobile, which provides field service management software, could attract interest from private equity firms and industry players. Bowmark acquired the company in 2020, and deliberations on the sale are still in the early stages.</li>
</ul>
<h2 class="wp-block-heading">Updates From The Block</h2>
<ul>
<li>Final bids for Eni SpA&#8216;s 15% stake in Plenitude, a renewables company, are expected in the coming weeks. Apollo Global Management, Ares Management and Stonepeak are among the interested parties, according to Bloomberg—initial interest values Plenitude between €12 billion and €13 billion ($14 billion).</li>
</ul>
<ul>
<li>Ayrmid Ltd. <a href="https://www.benzinga.com/25/03/44564776?57575">offered to acquire</a> Bluebird Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLUE#NASDAQ">BLUE</a>) for an upfront cash payment of $4.50 per share. The company topped a $3.00 per share bid from private equity firms <a href="https://www.benzinga.com/25/02/43880289/bluebird-bio-to-be-acquired-by-carlyle-group-sk-capital-former-mirati-therapeutics-ceo-set-to-lead-post-deal">Carlyle and SK Capital Partners</a>.</li>
</ul>
<ul>
<li>Rocket Companies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44565671/rocket-acquires-mr-cooper-just-weeks-after-buying-redfin-brings-together-the-homeownership-experience-at-scale">announced it will acquire</a> Mr. Cooper Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOP#NASDAQ">COOP</a>) in an all-stock transaction for $9.4 billion in equity value. The move comes just after Rocket's $1.75 billion acquisition of <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44237879/rocket-redfin-deal-aims-to-create-end-to-end-real-estate-solution-where-does-that-leave-zillow">online real estate broker Redfin Corp. </a>(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>).&nbsp;</li>
</ul>
<ul>
<li>The Hershey Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSY#NYSE">HSY</a>) <a href="https://www.benzinga.com/25/04/44643347/hershey-expands-snack-empire-with-acquisition-of-lesserevil-for-750m">agreed to acquire</a> snack brand LesserEvil. This move reflects the confectionery giant&#8217;s ongoing effort to expand from sweets such as Reese&#8217;s and Jolly Ranchers into the better-for-you snack sector. The acquisition is <a href="https://www.wsj.com/business/deals/hershey-nears-750-million-deal-for-lesserevil-popcorn-brand-4ca3d468?mod=lead_feature_below_a_pos1" target="_blank" rel="noreferrer noopener">reportedly</a> valued at around $750 million.</li>
</ul>
<ul>
<li>Rogers Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCI#NYSE">RCI</a>) said on Friday it agreed to receive a 7 billion Canadian dollar (~$5 billion) equity investment from funds managed by Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), supported by <a href="https://www.benzinga.com/news/asset-sales/25/04/44646240/rogers-scores-5-billion-blackstone-deal-to-cut-debt-unlock-wireless-infrastructure-value">several Canadian institutional investors</a>.</li>
</ul>
<ul>
<li>President Trump confirmed that the U.S. is <a href="https://in.benzinga.com/general/social-media/25/02/43511395/trump-pushes-for-tiktok-deal-china-could-oblige-if-it-werent-for-those-tariffs-heres-what-we-know" target="_blank" rel="noreferrer noopener">nearing a deal</a> to spare TikTok from a potential ban, with ongoing discussions involving multiple investors and a possible tariff agreement with China. During <a href="https://www.benzinga.com/25/04/44641024/trump-says-us-close-to-tiktok-deal-reiterates-his-offer-of-tariff-relief-to-secure-chinas-consent-the-tariffs-give-us-great-power-to-negotiate">remarks aboard</a> Air Force One, Trump didn&#8217;t specify whether the &#8220;very good group of people&#8221; interested in TikTok includes OnlyFans founder Tim Stokely. AppLovin and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) are <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44645102/applovin-wants-tiktok-but-can-it-beat-amazon-and-onlyfans-to-the-punch">also reportedly interested</a>.</li>
</ul>
<h2 class="wp-block-heading">Bankruptcy Block</h2>
<ul>
<li>Hooters, the restaurant chain known for its all-female waitstaff and neon orange branding, <a href="https://www.benzinga.com/personal-finance/25/04/44647084/hooters-files-for-bankruptcy-says-brand-isnt-going-anywhere">officially filed for bankruptcy protection</a>. The Chapter 11 filing allows the chain to continue normal operations during the proceeding. Hooters said that all of its 100 restaurants will be sold to two existing franchisees, which own and operate more than 30% of Hooters&#8217; locations in the U.S.</li>
</ul>
For the previous edition of <a href="https://www.benzinga.com/news/25/03/44546940/deal-dispatch-bezos-backed-crop-company-wilts-tech-startup-nabs-napster-for-207-million">Deal Dispatch, click here</a>.

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Deal Dispatch: US M&A Is Quiet, But Abroad? Volume Is Spiking

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Shares of construction-related stocks are trading lower as markets react to President Trump's announcement of sweeping tariffs.

Cryptocurrency markets are trading higher on Friday, despite stock markets continuing to sell off amid <a href="https://in.benzinga.com/news/25/04/44645172/china-retaliates-with-34-tariff-on-all-us-imports-urges-trump-to-immediately-cancel-the-tariffs-calls-for-negotiation">China's retaliatory tariffs.</a>
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>&nbsp;$83,871.08</td>
<td>+2.2%</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>&nbsp;$1,806.68</td>
<td>+1.2%</td>
</tr>
<tr>
<td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td>
<td>&nbsp;$122.04</td>
<td>+5.7%</td>
</tr>
<tr>
<td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td>
<td>&nbsp;$2.12&nbsp;</td>
<td>+3.8%</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.1705</td>
<td>+7.3%</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00001226</td>
<td>+0.4%</td>
</tr>
</tbody>
</table>
</figure>
Notable Statistics:
<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 7.3% and daily active addresses growing by 6.5%. Transactions greater than $100,000 are down from 10,152 to 9,980 in a single day. Exchanges netflows are down by 498.2%.</li>
<li>Coinglass data reports 88,275 traders were liquidated in the past 24 hours for $264.95 million.</li>
</ul>
Notable Developments:
<ul>
<li><a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44647204/bitcoin-holds-the-line-at-82000-what-traders-see-happening-next">Bitcoin Holds The Line At $82,000: What Traders See Happening Next</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44649174/ripple-warns-uk-behind-crypto">Ripple Warns: This Country Is Falling Behind In The Crypto Race</a></li>
<li><a href="https://in.benzinga.com/25/04/44643349/us-treasury-targets-houthi-financial-network-imposes-sanctions-on-russian-based-afghan-nationals">Iran-Backed Houthi Group Faces Sanctions On Cryptocurrency Wallets Funding War Efforts</a></li>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44644805/bitcoin-is-the-best-of-tech-standard-chartered-says">Bitcoin Is &#8216;The Best Of Tech,&#8217; Standard Chartered Says</a></li>
<li><a href="https://in.benzinga.com/25/04/44643317/google-removes-bitcoin-developer-mailing-list-for-policy-violations-jack-dorsey-calls-out-sundar-pichai-for-censorship">Google Removes Bitcoin Developer Mailing List For &#8216;Policy Violations:&#8217; Jack Dorsey Calls Out Sundar Pichai For Censorship</a></li>
<li><a href="Bill%20Miller's%20Firm%20Slashed%20MicroStrategy%20Stake%20By%2070%25:%20The%20Move%20That%20Dodged%20A%20Costly%20Hit">Bill Miller&#8217;s Firm Slashed MicroStrategy Stake By 70%: The Move That Dodged A Costly Hit</a></li>
<li><a href="https://www.benzinga.com/trading-ideas/technicals/25/04/44645278/coinbase-stock-drops-into-a-death-cross-will-xrp-futures-be-its-comeback-catalyst">Coinbase Stock Drops Into A Death Cross: Will XRP Futures Be Its Comeback Catalyst?</a></li>
</ul>
Top Gainers:
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Gains +/-</td>
</tr>
<tr>
<td>Cosmos (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/atom/usd">ATOM</a>)</td>
<td>&nbsp;$5.02</td>
<td>+12.2%</td>
</tr>
<tr>
<td>Pendle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PENDLE</a>)</td>
<td>&nbsp;$3.14</td>
<td>+9.9%</td>
</tr>
<tr>
<td>Sonic (CRYPTO: S)</td>
<td>&nbsp;$0.5047</td>
<td>+9%</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Santiment data highlighted that China's newly-announced 34% tariffs on U.S. goods have triggered a sharp drop in traditional markets, dragging stocks to 11-month lows. I
Bitcoin and major altcoins have remained relatively steady, showing resilience amid the macro volatility.
While sentiment has leaned slightly bearish since Trump's initial tariff announcement, crypto's stability in the face of escalating global tensions may point to underlying strength — and potential upside if conditions begin to ease.
<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">&#x1f1e8;&#x1f1f3; China has imposed 34% reciprocal tariffs on US goods, and stock markets have now dropped to 11-month lows. However, Bitcoin and altcoins have actually stayed relatively unharmed. The crowd has shown a slight bearish bias ever since Trump&#39;s tariffs were announced, but the… <a href="https://t.co/9XCwxOwILD">pic.twitter.com/9XCwxOwILD</a>
&mdash; Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1908200614582161818?ref_src=twsrc%5Etfw">April 4, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Echoing that sentiment, crypto trader Ansem <a href="https://x.com/blknoiz06/status/1908197026493587504">remarked</a> after the China news, "and Bitcoin is just chilling in the same spot," underscoring the asset's relative calm.
IncomeSharks drew <a href="https://x.com/IncomeSharks/status/1908191558245257294">attention</a> to Bitcoin's strong green candle and noted that the market has likely absorbed the recent wave of selling. The trader believes crypto now has a real shot at rebounding ahead of stocks — and potentially leading the recovery.
Crypto trader Kevin also <a href="https://x.com/Kev_Capital_TA/status/1908219288801931526">pointed</a> out the timing, emphasizing that Bitcoin is holding in the green while equities continue to bleed. "This definitely hints at a potential capital rotation, or at least a growing narrative shift," he said. He added that the BTC vs. S&amp;P 500 chart will be particularly telling if the divergence persists.
With expectations of monetary easing building and corporate earnings facing pressure, Bitcoin is increasingly being viewed as both a hedge and a speculative opportunity.
It's one of those rare setups, Kevin explained, where "fear plus policy support equals crypto tailwinds." Still, he cautioned that the next few weeks will be critical in determining whether BTC can maintain this strength as equities remain under pressure.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44647456/bitcoin-xrp-diversion">Bitcoin Consolidates, But XRP May Have Topped: What&#8217;s Driving This Diversion?</a></li>
</ul>
Image: Shutterstock

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

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Bitcoin, Ethereum, XRP, Dogecoin Stay 'Relatively Unharmed' Despite China's Reciprocal Tariffs'

Klarna, a Swedish buy-now-pay-later (BNPL) company, has placed its long-anticipated U.S. public debut on hold, stepping back from its planned initial public offering due to growing market uncertainty triggered by fresh geopolitical tension.
The Swedish fintech firm was preparing to begin promoting its IPO to investors this week but decided to delay the process, citing recent turbulence following the Trump administration's announcement of new tariffs, the <a target="_blank" href="https://www.wsj.com/livecoverage/stock-market-tariffs-trade-war-04-04-2025/card/exclusive-klarna-pauses-planned-ipo-after-trump-tariff-turmoil-NMXYuKXzW6Xv4ao3CSxr?mod=WSJ_home_supertoppermiddle_lctimeline" rel="noreferrer noopener">Wall Street Journal</a> reports on Friday.
Klarna provides payment processing services for the e-commerce industry, managing store claims and customer payments.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44651259/asml-stock-hits-52-week-low-as-trumps-eu-tariffs-and-china-sanctions-weigh-on-outlook" rel="noreferrer noopener">Trump's EU Tariffs Impacts Chip Equipment Giant ASML, Stock Hits 52-Week Low</a>
On April 2, Trump announced reciprocal tariffs, including a 10% hike on all countries except Mexico and Canada, with&nbsp;<a target="_blank" href="https://www.benzinga.com/25/04/44634737/retailers-brace-for-higher-costs-as-us-tariff-rates-soar-says-goldman-sachs" rel="noreferrer noopener">higher rates for select nations with trade deficits.</a>
The new reciprocal <a target="_blank" href="http://While full reciprocity was floated, Trump said the plan would cap U.S. retaliation at 50% of what foreign nations charge. This includes non-monetary barriers — such as VAT taxes, product bans, subsidies, and technical restrictions — in tariff calculations. &quot;They manipulated their currencies, subsidized exports, stole our intellectual property, imposed exorbitant VAT taxes, and created filthy pollution havens,&quot; Trump said. For instance, Japan, which he said imposes tariffs as high as 46% on some goods, would now face U.S. duties of around 24%. India's 52% rate would translate to a 26% U.S. tariff. &quot;To all of the foreign presidents, prime ministers, kings, queens, ambassadors and everyone else who will soon be calling to ask for exemptions from these tariffs,&quot; he said, &quot;I say terminate your own tariffs. Drop your barriers. Don't manipulate your currencies,&quot; Trump said." rel="noreferrer noopener">tariff policy would impose duties on imports</a> from U.S. trading partners at a rate equal to half the tariffs those countries place on American products.
While full reciprocity was floated, Trump said the plan would cap U.S. retaliation at 50% of what foreign nations charge.
"To all of the foreign presidents, prime ministers, kings, queens, ambassadors and everyone else who will soon be calling to ask for exemptions from these tariffs, I say terminate your own tariffs. Drop your barriers. Don't manipulate your currencies," Trump said.
Jeremy Siegel, a finance professor emeritus at the Wharton School, <a target="_blank" href="https://in.benzinga.com/news/25/04/44648557/trumps-tariffs-could-be-worse-than-smoot-hawley-act-jeremy-siegel-tells-cnbc" rel="noreferrer noopener">delivered a stark warning today</a> regarding President Donald Trump's broad tariff policy, suggesting it could have even more severe consequences than the notorious Smoot-Hawley Tariff Act of 1930.
With this background, Klarna isn't the only firm pulling back. Online ticketing platform StubHub has similarly postponed its IPO marketing plans, the WSJ report said.
Klarna's plans included listing on the New York Stock Exchange with a target valuation of $15 billion.
Klarna's U.S. rival, Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) shares declined 13% today, indicating pressure on Klarna's IPO pricing strategy.
It should be noted that Klarna announced a <a target="_blank" href="https://www.benzinga.com/25/03/44356051/affirm-holdings-stock-is-falling-monday-whats-going-on" rel="noreferrer noopener">partnership with the consumer finance app OnePay</a> to offer installment loan services exclusively for purchases at U.S. Walmart, a service that Affirm has provided so far.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/04/44649211/honda-aims-for-the-moon-with-new-space-division-and-clean-energy-breakthrough-details" target="_blank" rel="noreferrer noopener">Honda Aims For The Moon With New Space Division And Clean Energy Breakthrough: Details</a></li>
</ul>
Photo by Poetra.RH via Shutterstock

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Once A $15 Billion IPO Hope, Swedish Fintech Klarna Plans Daunted By Tariffs

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