If you want a brand-new <a href="https://www.benzinga.com/topic/cybertruck">Tesla Cybertruck</a>, you might be surprised to discover you can have one built and delivered to your door in 10 days. While that sounds great for anyone in the market for one of these futuristic-looking trucks, it's a worrying sign for Tesla. It suggests that demand for the Cybertruck is nowhere near what Tesla hoped for – and that's a big problem for the company.



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<li>This Adobe-backed AI marketing startup went from a $5 to $85 million valuation working with brands like L'Oréal, Hasbro, and Sweetgreen in just three years –<a href="https://www.benzinga.com/money/rad-ai"> here's how there's an opportunity to invest at $1,000 for only $0.50/share today.</a></li>



<li>‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a></li>
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Originally, the Cybertruck had a very long waiting list. Tesla once had <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36076140/tesla-bull-calls-cybertruck-niche-product-demand-will-be-limited-until-pricing-come">over a million people</a> who put down $100 to reserve one. Back then, Elon Musk expected the Cybertruck would be sold out until 2027, meaning anyone who wanted one would have to wait years. But the situation looks very different less than a year after production began.



Only about 2.5% of those million-plus reservations turned into actual orders. Now, instead of people lining up to get their hands on one, Tesla is scrambling to find new buyers. The initial hype has fizzled and what remains is a tough market reality – Tesla has more trucks than buyers.



Trending: The global games market is projected to generate $272B by the end of the year —<a href="https://www.benzinga.com/money/gameflip"> for $0.55/share, this VC-backed startup with a 7M+ userbase gives investors easy access to this asset market.</a>



Several new Cybertruck owners have shared their experiences online and the trend is clear: Tesla delivers these trucks much faster than expected. For example, a recent buyer, Gabe Thompson, <a href="https://www.facebook.com/groups/CyberTruck/permalink/8463465163748953/">shared</a> on social media that he ordered his non-Foundation Series Cybertruck on October 18. By Oct. 29, he was already taking delivery in Dallas. He didn&#8217;t have a years-old reservation; he simply went to Tesla's website, ordered a $79,990 truck and 10 days later, it was his.



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"> you can become an investor for $0.80 per share today.</a>



As Torque News reports, other new owners have similar stories. One person ordered on Oct. 15 and had a delivery date of October 30. Another got his Cybertruck delivered in under three weeks after placing an order. The fact that Tesla can build and deliver these trucks so quickly suggests one thing: there aren't many new orders in the pipeline.



So what happened to all the demand? Tesla fans who were once eager to pay for the Cybertruck seem to have backed off. Some Reddit commenters speculate that years of delays, rising prices and changes to the truck&#8217;s design may have turned people off. After all, the final product isn't exactly what was first promised. It's also possible that some people who reserved a truck years ago aren't interested anymore – or can't justify the <a href="https://www.benzinga.com/news/24/08/40212316/tesla-ceo-elon-musk-reiterates-need-to-make-cybertruck-cheaper-its-a-great-truck-we-need-to-make-it">$80,000 price tag</a>.



See Also: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today.</a>



If Tesla can't build up demand for the Cybertruck, the company could face some hard choices. They might have to scale back production or pause it until demand catches up. This greatly contrasts Tesla's other models, like the Model 3 or Model Y, which continue to sell well without reservation lists. The Cybertruck was supposed to be a game-changer, but right now, it's looking more like a gamble that isn't paying off.



For anyone wanting a Cybertruck, now is probably the easiest time to get one. But for Tesla, the ease of getting one points to a bigger problem: the demand just isn't there and the hype that once surrounded the Cybertruck might have driven off into the sunset.



Read Next:



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<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target –<a href="https://www.benzinga.com/money/mode-mobile-2"> You can still get 4,000 of its pre-IPO shares for just $1,000</a></li>



<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>

Startups

If You Want A New Tesla Cybertruck, You Can Get It Built And Delivered In 10 Days. That's Not A Good Thing For The EV Company

<h3 class="wp-block-heading">Bankruptcy Block</h3>



Wellpath Holdings Inc., a major provider of healthcare services to jails across the U.S., is preparing <a href="https://www.benzinga.com/topic/bankruptcy">to file for bankruptcy</a>. 



Owned by H.I.G. Capital, the Nashville, Tenn.-based company has struggled with debt and labor costs. Despite efforts, including a forbearance agreement with lenders, financial strains have persisted. 



This move comes as prison stocks Geo Group (NYES: GEO) and CoreCivic (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXW#NYSE">CXW</a>) moved positively to the news that Donald Trump won <a href="https://www.benzinga.com/general/politics/24/11/41779902/prison-stocks-geo-group-corecivic-rally-on-trump-2024-election-win-history-shows-the-gains-may-n">the 2024 presidential election</a>.



Meanwhile, Toronto-based Slang Worldwide Inc. (CSE:<a class="ticker" href="https://www.benzinga.com/stock/SLNG#CSE">SLNG</a>) (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/SLGWF#OTCQB">SLGWF</a>) is entering receivership in Colorado and declared bankruptcy in Canada. Unable to repay amounts owed under its credit agreement, which matures on Nov. 15, 2024, Slang will likely dispose of or sell its assets <a href="https://www.benzinga.com/markets/cannabis/24/11/41778383/another-one-bites-the-dust-slang-worldwide-files-for-bankruptcy-due-to-inability-to-pay-debt">through a receivership process</a>.



<h3 class="wp-block-heading">New On The Block</h3>



Tripadvisor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>) is currently exploring &#8220;strategic alternatives,&#8221; which is corporate jargon for a sale. According <a href="https://uk.finance.yahoo.com/news/q3-2024-tripadvisor-inc-earnings-133036809.html">to </a>CFO Mike Noonan, the company ended Q3 with $1.1 billion in cash. Should a firm make an offer, it would have to woo Liberty Media, which owns about 21% of Tripadvisor common stock — an approximate 57% voting interest.



KKR &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>) wants to sell its stake in JB Chemicals &amp; Pharmaceuticals Ltd. via a block trade in the market, <a href="https://www.bloomberg.com/news/articles/2024-11-06/kkr-is-said-to-consider-selling-750-million-stake-in-jb-pharma">per</a> Bloomberg. The private equity firm is working with an investment bank as it considers selling about $750 million worth of stock in the Indian-listed company. The size of the deal could jump to $1 billion depending on demand.



See Also: <a href="https://www.benzinga.com/news/24/11/41698607/kamala-harris-ready-if-trump-decides-to-falsely-declare-victory-we-are-prepared-to-respond">Harris &#8216;Ready&#8217; If Trump Decides To &#8216;Falsely&#8217; Declare Victory: &#8216;We Are Prepared To Respond&#8217;</a>



<h3 class="wp-block-heading">Off The Block</h3>



Anglo American (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AAUKF#OTC">AAUKF</a>) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out <a href="https://www.benzinga.com/news/large-cap/24/05/38826363/anglo-american-expedites-plan-to-divest-de-beers-other-assets-after-rebuffing-bhp-takeover-bid" target="_blank" rel="noreferrer noopener">earlier this year</a>, the company is focusing on <a href="https://www.benzinga.com/topic/copper" target="_blank" rel="noreferrer noopener">copper</a>, iron ore, and crop nutrients. The joint venture holds a 70% interest in two major metallurgical coal mines in Queensland: Jellinbah East and Lake Vermont. Anglo did not operate these mines <a href="https://www.benzinga.com/news/large-cap/24/11/41739206/anglo-american-offloads-1-1-billion-coal-stake-proceeds-with-restructuring">nor market their output</a>.



Blackstone agreed to buy Retail Opportunity Investments Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>), a U.S. shopping mall owner. The Stephen A. Schwarzman-run private equity firm valued the real estate investment trust at <a href="https://www.benzinga.com/markets/24/11/41803407/is-blackstone-finalizing-a-deal-to-acquire-one-of-americas-largest-retail-reits">around $4 billion, including debt</a>.



Air Transport Services Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATSG#NASDAQ">ATSG</a>) is going private. Investment firm Stonepeak is acquiring the aircraft lessor for $3.1 billion, including debt.



<h3 class="wp-block-heading">Updates From The Block</h3>



Nippon Steel Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NISTF#OTC">NISTF</a>) remains optimistic about finalizing its $14.1 billion acquisition of United States Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) by the end of the year. The Japanese company is navigating opposition from unions and the Biden administration, while also facing potential hurdles from the recent election of Donald Trump, who <a href="https://www.benzinga.com/m-a/24/11/41806893/nippon-steel-remains-confident-in-14b-us-steel-deal-despite-trumps-resistance-there-can-be-construct">plans to block the deal</a>.



Brookfield launched a sale process for Aveo, a Sydney-based retirement home operator, in June. The Australian reports that the $3-billion company will likely not get sold until 2025. 



<h3 class="wp-block-heading">Notes From The Block</h3>



Jim Cramer expressed optimism about a resurgence in M&amp;A with <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">the incoming Trump administration</a>. Cramer predicts a more lenient approach to M&amp;A approvals compared to the previous administration, which was known for its stringent antitrust scrutiny. The &#8220;Mad Money&#8221; host also highlighted that the regional banking sector could significantly benefit from increased M&amp;A activity, allowing banks to grow by acquiring smaller entities or merging to <a href="https://www.benzinga.com/m-a/24/11/41805370/jim-cramer-hopes-m-a-to-come-back-bigly-under-trump-administration">form larger "super regionals.&#8221;</a>



For last week&#8217;s column, <a href="https://www.benzinga.com/m-a/24/11/41700829/deal-dispatch-tgi-fridays-goes-bankrupt-bhp-backtracks-comments-and-more-m-a-news">click here.</a>



Now Read: 



<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41699259/nvidia-rides-ai-wave-to-replace-intel-on-dow-jones-industrial-average-ending-its-25-year-run">Nvidia Rides AI Wave To Replace Intel On Dow Jones Industrial Average, Ending Its 25-Year Run</a></li>
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Deal Dispatch: Prison Companies In Focus Post-Election, Tripadvisor Boasts $11B In Cash

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.



Equities soared this week, powered by a major rally on Wednesday following Donald Trump's election win. The S&amp;P 500 gained 4.66%, with the Dow rising 4.61%—both achieving their best weeks since November 2023—while the Nasdaq outpaced them with a 5.74% increase. 



Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) surged 30%, boosting Elon Musk's wealth, and smaller stocks outshined large caps, driven by potential trade advantages for U.S.-focused businesses. 



A rate cut from the Federal Reserve to a 4.5%-4.75% range on Thursday encouraged further risk-taking, sending the Magnificent Seven's combined market cap to <a href="https://www.benzinga.com/24/11/41857971/trumps-win-sends-wall-street-to-record-highs-small-caps-tesla-outperform-fed-cuts-interest-rates-this-week-in-the-market">a new $17 trillion peak.</a>



Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.



<h3 class="wp-block-heading">The Bulls</h3>



&#8220;<a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/11/41724410/nvidia-joining-dow-jones-industrial-average-where-tech-giant-ranks-in-the-index-why-sh">Nvidia Joining Dow Jones Industrial Average: Where Tech Giant Ranks In The Index, Why Sherwin-Williams Addition Could Be More Important</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, covers NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) joining the Dow Jones and replacing Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), with analysts noting Sherwin-Williams Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) may have a broader impact on the index's sector diversity.



&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41803277/dogecoin-up-79-in-a-month-nears-0-20-with-beautiful-bounce-from-key-levels-analysts-say">Dogecoin Up 79% In A Month, Nears $0.20 With &#8216;Beautiful Bounce From Key Levels,&#8217; Analysts Say</a>,&#8221; by <a href="https://www.benzinga.com/author/khyathi-dalal">Khyathi Dalal</a>, reports that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) has surged 79% over the past month, breaking above $0.20 as analysts predict further gains. Ali Martinez highlights a descending triangle pattern, suggesting a potential climb to $0.22, while a crypto trader forecasts a &#8220;beautiful bounce&#8221; if DOGE breaks the $0.198 resistance level.



&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41732827/messi-of-ai-wall-street-analyst-gushes-over-robust-earnings-from-palantir">‘Messi Of AI': Wall Street Analyst Gushes Over &#8216;Robust&#8217; Earnings From Palantir</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, highlights Wedbush analyst Dan Ives&#8217; praise for Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) after its strong Q3 earnings. Ives, who calls Palantir the &#8220;Messi of AI,&#8221; noted 30% revenue growth, a 39% rise in customer count, and robust government and commercial deal momentum.



For additional bullish calls of the past week, check out the following:



<a href="https://www.benzinga.com/markets/asia/24/11/41722178/if-trump-and-republicans-sweep-dollar-may-climb-7-but-harris-win-could-bring-5-drop-says-jpmorgan">If Trump And Republicans Sweep, Dollar May Climb 7% — But Harris Win Could Bring 5% Drop, Says JPMorgan</a>



<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">Bitcoin&#8217;s Future Under President-Elect Donald Trump: A Look At His Crypto Policies</a>



<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s">Trump Election Raises Odds Of &#8216;Roaring 2020s Scenario,&#8217; Veteran Wall Street Investor Says: How High Could US Stock Market Rise?</a>



The Bears



&#8220;<a href="https://www.benzinga.com/news/24/11/41784487/rivian-lucid-stocks-sink-after-trump-win-whats-driving-bearish-move">Rivian, Lucid Stocks Sink After Trump Win: What&#8217;s Driving Bearish Move?</a>,&#8221; by <a href="https://www.benzinga.com/author/erica-kollmann">Erica Kollmann</a>, examines the post-election drop in 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>) shares, attributed to investor concerns over Trump&#8217;s plans to eliminate EV incentives and modify EPA emissions standards.



&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41744222/plug-powers-20-billion-revenue-ambition-faces-obstacles-analyst-says">Plug Power&#8217;s $20 Billion Revenue Ambition Faces Obstacles, Analyst Says</a>,&#8221; by <a href="https://www.benzinga.com/author/surbhi-jain">Surbhi Jain</a>, discusses Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>)&#8217;s ambitious goal of reaching $20 billion in revenue by 2030, as a JPMorgan analyst highlights significant challenges ahead, citing weak hydrogen market conditions, and the need to drive rapid sales growth.



&#8220;<a href="https://www.benzinga.com/government/24/11/41773691/us-listed-chinese-stocks-like-alibaba-jd-nio-fall-after-trumps-win-whats-going-on">US-Listed Chinese Stocks Like Alibaba, JD, Nio Fall After Trump&#8217;s Win &#8211; What&#8217;s Going On?</a>,&#8221; by <a href="https://www.benzinga.com/author/anusuya-lahiri-0">Anusuya Lahiri</a>, reports that Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>), and NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) stocks fell after Trump&#8217;s election victory sparked fears of renewed U.S.-China trade tensions, with potential tariffs prompting China to consider economic stimulus measures.



For more bearish takes, be sure to see these posts:



<a href="https://www.benzinga.com/news/earnings/24/11/41773974/energy-drink-maker-celsius-misses-on-q3-earnings-as-supply-chain-optimization-weighs-on-margins-det">Energy Drink Maker Celsius Misses On Q3 Earnings As Supply Chain Optimization Weighs On Margins: Details</a>



<a href="https://www.benzinga.com/markets/equities/24/11/41785495/us-treasuries-take-sharpest-plunge-in-a-year-ahead-of-fed-meeting-could-powell-adjust-stance-in-">US Treasuries Take Sharpest Plunge In A Year Ahead Of Fed Meeting: Could Powell Adjust Stance In Response To Trump?</a>



<a href="https://www.benzinga.com/trading-ideas/movers/24/11/41850890/super-micro-delisting-risk-puts-1-7-billion-bond-repayment-on-the-line">Super Micro Delisting Risk Puts $1.7 Billion Bond Repayment On The Line</a>



Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.



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Benzinga Bulls And Bears: Nvidia, Rivian, Plug Power, Palantir — And Dogecoin's 'Beautiful Bounce'

Donald Trump&#8216;s election as the 47th president of the United States sent Wall Street into a frenzy, driving major stock indexes to once <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41807254/trump-election-raises-odds-of-roaring-2020s-scenario-veteran-wall-street-investor-s">again break record highs.</a>



Investors are betting that Trump&#8217;s potential policies — such as lower corporate and individual taxes, coupled with deregulation in the financial sector — will spur growth for corporate America. They may be underestimating the impact of higher deficits <a href="https://www.benzinga.com/government/24/11/41695926/a-republican-sweep-might-be-the-most-inflationary-election-outcome-economists-warn">and tariffs on inflation.</a>



Among mega-cap companies, Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stood out, soaring about 30% this week, which significantly boosted <a href="https://www.benzinga.com/markets/equities/24/11/41813356/elon-musks-net-worth-soars-by-26-5-billion-in-single-day-after-tesla-stock-surges-post-trump-vic">Elon Musk's wealth</a> in the wake of Trump's victory.



Small- and mid-sized stocks outperformed large caps, driven by expectations that trade restrictions could favor domestic businesses over global corporations. The Russell 2000 index, as tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), recorded its strongest week since April 2020, while regional banks – tracked by the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) – rallied to levels last seen before <a href="https://www.benzinga.com/etfs/sector-etfs/24/11/41788181/regional-bank-stocks-notch-strongest-day-in-4-years-why-analysts-expect-several-tailwinds-from-t">the March 2023 crisis.</a>



Cryptocurrencies were another major winner post-election, with Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hitting new all-time highs as traders anticipate a favorable regulatory landscape for digital assets in a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41832345/bitcoin-ethereum-rise-dogecoin-steady-after-fed-cuts-rate-analyst-predicts-apex-cryptos-ne">second Trump term.</a>



On Thursday, the <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41820253/fed-cuts-interest-rates-to-lowest-since-february-2023-sticks-to-data-driven-path">Federal Reserve cut interest rates</a> by 25 basis points to a target range of 4.5%-4.75%, as anticipated. This move further bolstered investor risk appetite, propelling the combined market valuation of the Magnificent Seven tech giants past the $17 trillion mark, setting a new record.



<h3 class="wp-block-heading">Powell Vs. Trump</h3>



Federal Reserve Chair Jerome Powell downplayed Trump's threat of his removal, though economists anticipate the new president may not extend Powell's term beyond its 2026 expiration. Powell adopted a dovish tone, minimizing concerns over rising Treasury yields, which markets attribute <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41849984/powell-brushes-off-trumps-removal-threat-economists-say-2026-could-be-his-last-stand">to renewed inflation expectations.</a>



<h3 class="wp-block-heading">Trump&#8217;s Tech Threat</h3>



A Trump victory could stall growth in the tech and EV sectors and slow the pace of AI advancements. Analysts warn that policies under Trump might limit innovation, affecting industries that rely on technology <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41755274/trump-win-could-hinder-tech-ev-sector-growth-slow-the-pace-of-ai-revolution-analyst">and sustainability-focused investments.</a>



<h3 class="wp-block-heading">Performance By Sector Under Trump</h3>



Analyzing S&amp;P 500 sector performance during Trump's first term reveals technology and consumer discretionary sectors outperformed, while energy lagged. In the first three months following Trump&#8217;s 2016 election,<a href="https://www.benzinga.com/general/politics/24/11/41783357/how-did-s-p-500-sectors-perform-during-trumps-first-term-could-this-time-be-different"> financials stocks outperformed.</a>



<h3 class="wp-block-heading">Consumer Sentiment Rises</h3>



U.S. consumer morale hit a six-month high, surpassing forecasts, and inflation expectations dropped to a four-year low, according to a <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41848568/us-consumer-sentiment-rises-more-than-predicted-to-6-month-highs-inflation-expectations-hit-4-year-low">University of Michigan survey</a> released Friday.



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Trump's Win Sends Wall Street To Record Highs; Small Caps, Tesla Outperform, Fed Cuts Interest Rates: This Week In The Market

Each week,&nbsp;Benzinga&#8217;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/top-stories/24/11/41718416/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-october-2024-where-do-tesla-nvidia-apple-d" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In October 2024 — Where Do Tesla, Nvidia, Apple, DJT Stock Rank?</a>



Here's a look at the Benzinga Stock Whisper Index for the week of Nov. 8:



Insmed Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSM#NASDAQ">INSM</a>): The biopharmaceutical company saw increased interest from investors over the week, which comes after the company <a href="https://investor.insmed.com/2024-10-31-Insmed-Reports-Third-Quarter-2024-Financial-Results-and-Provides-Business-Update">reported </a>third-quarter financial results and provided a company update in late October. The company said ARIKAYCE had revenue of $93.4 million in the quarter, up 18% year-over-year. 



Insmed also said its NDA submission for Brensocatib in Bronchiectasis is on track for the fourth quarter and is expected to launch in the U.S. in mid-2025. 



H.C. Wainwright reiterated a Buy rating and $90 price target on the stock <a href="https://www.benzinga.com/quote/INSM/analyst-ratings">after the quarterly results</a>. Truist reiterated a Buy rating and raised the price target from $100 to $105. Investor interest could increase in the coming weeks with the company scheduled to participate in several conferences including ones from Guggenheim (Nov. 11), UBS Global (Nov. 12), Wolfe Research (Nov. 20) and Jefferies (Nov. 21).



Insmed shares were up over 8% in the last five trading days, as seen on the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1">Benzinga Pro chart</a> below, and are up over 140% year-to-date in 2024.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="999" height="506" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135456/Screenshot-234.png" alt="" class="wp-image-638350" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135456/Screenshot-234.png 999w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135456/Screenshot-234-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135456/Screenshot-234-768x389.png 768w" sizes="(max-width: 999px) 100vw, 999px" /></a></figure>



Applied Industrial Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIT#NYSE">AIT</a>): The industrial company was one of several in the sector to see strong interest from readers, which could be related to Donald Trump winning<a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election"> the 2024 election.</a> Industrials were a top performing sector under <a href="https://www.benzinga.com/general/politics/24/11/41783357/how-did-s-p-500-sectors-perform-during-trumps-first-term-could-this-time-be-different">Trump&#8217;s previous four years</a> in the White House. 



The company also recently <a href="https://ir.applied.com/news/news-details/2024/Applied-Industrial-Technologies-Reports-Fiscal-2025-First-Quarter-Results/default.aspx">reported </a>first-quarter financial results with earnings per share of $2.36 and revenue of $1.10 billion, beating Street consensus estimates of $2.27 and $1.09 billion respectively. Applied Industrial also increased its fiscal 2025 earnings per share guidance to a range of $9.25 to $10.00, up from prior guidance of $9.20 to $9.95 and ahead of a Street estimate of $9.39. 



Analysts <a href="https://www.benzinga.com/quote/AIT/analyst-ratings">raised their price targets</a> on the stock after the quarterly results. The stock was up over 15% in the last five trading days and is up over 50% year-to-date in 2024.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135510/Screenshot-236.png" alt="" class="wp-image-638351" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135510/Screenshot-236.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135510/Screenshot-236-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135510/Screenshot-236-768x388.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>



Sprouts Farmers Market (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>): The specialty grocery retailer saw strong interest from Benzinga readers during the week, which comes after <a href="https://investors.sprouts.com/news/news-details/2024/Sprouts-Farmers-Market-Inc.-Reports-Third-Quarter-2024-Results/default.aspx">recent </a>quarterly results and with shares trading at 52-week highs. The company's third-quarter earnings per share of 91 cents and revenue of $1.90 billion beat Street estimates of 76 cents per share and $1.88 billion respectively.



The company said the third quarter was exceptional and CEO Jack Sinclair highlighted "robust traffic growth." Same store sales were up 8.4% in the third quarter. The company opened nine new stores, ending the quarter with 428 stores in 23 states. 



Goldman Sachs recently <a href="https://www.benzinga.com/quote/SFM/analyst-ratings">maintained a Buy rating </a>on the stock and raised the price target from $127 to $159. Wells Fargo maintained an Equal-Weight rating on the stock and raised the price target from $90 to $130. 



The stock was up over 10% over the last five trading days, and shares are up over 190% year-to-date in 2024.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="503" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135528/Screenshot-237.png" alt="" class="wp-image-638353" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135528/Screenshot-237.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135528/Screenshot-237-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135528/Screenshot-237-768x388.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>



Intuitive Surgical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>): The medical devices company saw strong interest from readers over the last week, with shares trading at 52-week highs Friday. 



The company recently reported <a href="https://www.benzinga.com/news/earnings/24/10/41391471/intuitive-surgical-stock-pops-on-q3-earnings-beat-da-vinci-procedures-climb-18-regulatory-clearance">third-quarter financial results </a>with revenue of $2.04 billion beating a Street consensus estimate of $2.0 billion and earnings per share of $1.84 beating a Street consensus estimate of $1.63. Intuitive Surgical reported revenue growth of 17% year-over-year in the quarter, with worldwide da Vinci procedures up 18% year-over-year. 



The company also placed 379 da Vinci systems in the quarter, up from 312 in the prior quarter. There are 9,539 installed da Vinci surgical systems as of the end of the quarter. Intuitive obtained regulatory clearance for the da Vinci 5 surgical system in South Korea in October. 



The earnings report saw several<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41406234/intuitive-surgical-posts-q3-earnings-beat-these-analysts-raise-forecasts-on-dv5-upt"> analysts raise their price targets </a>on the stock. Analysts see the company's updated da Vinci 5 system, which can be used for more types of surgeries as a growth catalyst moving forward. Shares of Intuitive Surgical were up around six percent in the last five days and are up over 60% year-to-date.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="997" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135542/Screenshot-238.png" alt="" class="wp-image-638354" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135542/Screenshot-238.png 997w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135542/Screenshot-238-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135542/Screenshot-238-768x387.png 768w" sizes="(max-width: 997px) 100vw, 997px" /></a></figure>



Mueller Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MLI#NYSE">MLI</a>): The industrials company was another in the sector that saw increased interest and a soaring stock price, potential from Trump's 2024 election win. The company recently <a href="https://ir.muellerindustries.com/news/press-releases/detail/178/mueller-industries-inc-reports-third-quarter-2024-earnings">reported </a>third-quarter net sales of $997.8 million, beating a Street consensus estimate of $936.0 million and quarterly earnings per share of $1.48, which beat a Street estimate of $1.32. Mueller Industries said the revenue growth came from recently acquired businesses and higher copper prices in the quarter.



"We anticipated that declining interest rates and moderating inflation, combined with the resolution of election related uncertainty, will create a more stable and favorable environment for us," Mueller CEO Greg Christopher said.



The stock was up 13% over the last five days and is up over 100% year-to-date in 2024.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="995" height="508" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135559/Screenshot-240.png" alt="" class="wp-image-638355" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135559/Screenshot-240.png 995w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135559/Screenshot-240-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/08135559/Screenshot-240-768x392.png 768w" sizes="(max-width: 995px) 100vw, 995px" /></a></figure>



Stay tuned for next week&#8217;s report, and follow Benzinga Pro for all the latest headlines and&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent110824&amp;t=be2bearmibe3na1" 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/exclusives/24/10/41405659/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">October 18</a></li>



<li><a href="https://www.benzinga.com/real-estate/reit/24/10/41549488/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet" target="_blank" rel="noreferrer noopener">October 25</a></li>



<li><a href="https://www.benzinga.com/exclusives/24/11/41693907/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">November 1</a></li>
</ul>



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Photo: Benzinga

Exclusives

INSM

ISRG

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

In 2010, <a href="https://www.benzinga.com/real-estate/24/10/41455464/warren-buffett-said-hed-buy-a-couple-hundred-thousand-single-family-homes-if-he-could-and-hed-take-o">Warren Buffett</a> made a lighthearted but pointed statement on CNBC that he'd be "eating Thanksgiving dinner at McDonald's" without the 2008 government bailout.&nbsp;



As always, Buffett delivered the line with his signature mix of wit and insight, hinting at the gravity of what could have been a complete financial meltdown. And let's be real – considering Buffett's affection for McDonald's, it wouldn't have been the worst Thanksgiving meal he could imagine, but the underlying message wasn't lost on anyone: the stakes in 2008 were no joke.



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The economy was in free fall after Lehman Brothers collapsed, a tipping point in the financial crisis that exposed how fragile the global banking system really was.&nbsp;



It was a time when "corporate America's dominos" were lined up, ready to topple. As Buffett put it, "but there were three hundred million American dominos lined up right behind them – money market funds, 401(k)s, jobs, income, all of those things were going to topple like no one had ever seen." And he was right. Money markets were frozen, job losses were mounting daily and confidence in the economy evaporated as quickly as stock prices.



Trending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones –<a href="https://www.benzinga.com/money/mode-mobile-2"> invest today with $1,000 for just $0.25/share</a>



So what happened next? The <a href="https://www.benzinga.com/startups/24/10/41546709/warren-buffett-finally-chooses-whom-to-endorse-in-the-2024-election-and-it-might-be-a-surprise-for-m">government intervened </a>massively. The Federal Reserve, Treasury and Congress joined forces to launch an unprecedented rescue package to pump liquidity into the system. Programs were created to stabilize the banks and keep credit flowing. It wasn't pretty and it wasn't popular, but as Buffett described, "Somebody had to stop the dominos from toppling and government was the only one that could do it."



In a letter he wrote to "Uncle Sam" that appeared in The New York Times, Buffett put it like this: "Often you are wasteful and sometimes you are bullying. On occasion, you are downright maddening. But in this extraordinary emergency, you came through – and the world would look far different now if you had not." He signed it simply, "Your grateful nephew, Warren." For Buffett, the bailout wasn't about saving the banks themselves – it was about <a href="https://www.benzinga.com/startups/24/10/41658421/no-one-in-the-u-s-would-have-to-pay-a-dime-in-taxes-warren-buffett-on-berkshire-hathaways-federal-ta">saving the economy</a>. Without it, even billionaires like him might be trading in their holiday turkey for a Big Mac and fries.



Trending: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today.</a>



What made <a href="https://www.benzinga.com/general/24/02/37264271/warren-buffett-exposed-the-reason-for-trumps-failed-business-ventures-decades-before-the-fraud-case">Buffett's comments particularly noteworthy</a> was his praise for both Presidents George W. Bush and Barack Obama, rare in a political climate that was anything but bipartisan. He acknowledged that both administrations had acted courageously to stave off a potential repeat of the Great Depression. The high-stakes moment left Buffett grateful and relieved, despite his usual reluctance to cheer on big government moves.



While the McDonald's quip was classic Buffett – a mix of humor and humility – its message was serious. The Lehman Brothers collapse didn't just shake up Wall Street; it created a ripple effect that threatened the financial futures of everyday Americans. "If the government hadn't acted," he said, "we'd be living in a world that looked far different now."



Trending: Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a>



Buffett is a known fan of McDonald's, regularly stopping there for breakfast on his way to the office in Omaha and famously keeping a <a href="https://www.benzinga.com/personal-finance/24/05/39083570/billionaire-bill-gates-has-a-mcdonalds-gold-card-that-gives-him-free-food-for-life-worldwide">McDonald's "gold card"</a> that gives him free meals for life in his hometown. He even joked that he's more indulgent with his breakfast choice when he's "feeling especially wealthy." But the idea of Thanksgiving dinner under the Golden Arches? Even for Buffett, that's a grim vision of what might have been if Uncle Sam hadn't stepped up in 2008.



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Personal Finance

Warren Buffett Jokes He'd Be 'Eating Thanksgiving Dinner At McDonald's' If It Wasn't For 'Uncle Sam' Stepping Up

Standard Chartered projects a fourfold increase in the digital assets market cap, reaching $10 trillion by the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41823388/the-trump-effect-a-deep-dive-into-how-the-crypto-landscape-will-change-in-2025-and-beyond">U.S. mid-term elections in late 2026</a>.



What Happened: According to a new note from Geoffrey Kendrick, Head of Research at Standard Chartered, this growth forecast is based on <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41783773/the-future-of-crypto-regulation-under-a-trump-administration-headwinds-are-now-tailwinds">anticipated regulatory shifts</a> following a projected Republican sweep in the recent election cycle, which could lead to mainstream adoption and real-world use cases for digital assets.



&#8220;For me, the Trump-ublican sweep means Digital Assets are finally going to come of age,&#8221; Kendrick commented, expressing confidence that favorable regulatory policies will drive adoption across the asset class. He added, "I look for the entire asset class to 4X by the time of the US mid-terms in late 2026."



Standard Chartered highlight several factors contributing to this growth projection. 



These include potential regulatory changes, such as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38733156/house-challenges-sec-over-crypto-custody-rules-biden-vows-blockade">repeal of SAB 121</a> and <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41783773/the-future-of-crypto-regulation-under-a-trump-administration-headwinds-are-now-tailwinds">favorable stablecoin regulations</a>, which the bank anticipates could be enacted shortly after the new administration takes office in January 2025.



Additionally, Standard Chartered expects the SEC to adopt a softer regulatory stance on digital assets, further opening pathways for mainstream use.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548"/></a></figure>



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41845398/the-partys-back-onchainlink-co-founder-predicts-major-crypto-growth-under-trump-presidency">&#8216;The Party&#8217;s Back On&#8217;—Chainlink Co-Founder Predicts Major Crypto Growth Under Trump Presidency</a>



The report also suggests that assets closely linked to practical, end-use cases—like Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), which the bank expects to outperform Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)—are likely to see the most significant growth.



Kendrick sees strong growth potential for sectors like gaming, <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41718097/how-unlocking-tokenized-real-world-assets-on-new-platforms-could-redefine-digital-finance">tokenization</a>, and emerging areas such as <a href="https://www.benzinga.com/money/what-is-depin">decentralized physical infrastructure (DePIN)</a> and consumer social, which he notes are still in early stages of development.



Furthermore, while Standard Chartered considers a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41807557/bitcoin-as-americas-gold-trumps-bitcoin-act-could-reshape-us-reserves-says-coinshares">U.S. Bitcoin reserve a low-probability event</a>, it notes this move could have a significant impact on the digital assets market if implemented. 



Kendrick emphasizes that the regulatory clarity and adoption policies expected from a Trump administration could lift the entire asset class, providing an environment conducive to digital assets going mainstream.



Standard Chartered reiterates its end-2025 target prices for Bitcoin at $200,000 and Ethereum at $10,000, driven by expectations of a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41785767/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">Republican-led administration's policies.</a>



What&#8217;s Next: These insights into the potential trajectory of digital assets and the broader regulatory landscape will be explored further at Benzinga's <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19, where industry leaders will discuss the future of cryptocurrencies amid anticipated regulatory changes.



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$ETH

$SOL

Bitcoin To $200,000, Ethereum To $10,000 And Crypto Market Cap To 4X By End Of 2025, Says Standard Chartered

President-elect Donald Trump wants to expand the federal death penalty during his second term, including making more <a href="https://www.benzinga.com/news/24/06/39450103/taiwan-president-lai-ching-te-calls-autocracy-evil-after-chinese-threats-of-death-penalty-for-separa" target="_blank" rel="noreferrer noopener">individuals eligible for execution</a>.



Trump would target those convicted of crimes such as child rape, drug trafficking, and the killing of law enforcement officers, calling these individuals as &#8220;terrible, horrible people&#8221; responsible for widespread harm, <a href="https://www.nbcnews.com/politics/2024-election/trump-wants-expand-federal-death-penalty-setting-legal-challenges-seco-rcna178979" target="_blank" rel="noreferrer noopener">reported</a> NBC News.



His stance has raised concerns among criminal justice reform advocates and anti-death penalty groups, who fear a revival of the controversial policies from his first term, which saw 13 federal executions, including the first woman executed in nearly 70 years, the report added.



While Trump&#8217;s exact plan remains unclear, legal experts warn of significant challenges.



Also Read: <a target="_blank" href="https://www.benzinga.com/general/social-media/24/11/41862616/meta-ceo-mark-zuckerberg-dodges-personal-liability-in-child-social-media-addiction-lawsuits-federal-judge-cites-lack-of-evidence" rel="noreferrer noopener">Meta CEO Mark Zuckerberg Dodges Personal Liability In Child Social Media Addiction Lawsuits: Federal Judge Cites Lack Of Evidence</a>



Expanding the death penalty to non-murder crimes, such as child rape, would likely require changes in federal law, as a 2008 Supreme Court ruling prohibits the execution of child rapists.



The process of ramping up federal executions also faces logistical hurdles, including securing the necessary lethal injection drugs and dealing with legal challenges that could delay any immediate action.



Despite these obstacles, advocates like Ruth Friedman of the Federal Capital Habeas Project fear that Trump could reinstate execution protocols quickly, potentially reversing Biden-era reforms, NBC News added.



With the Supreme Court&#8217;s conservative majority, legal experts suggest that efforts to reinstate and expand the death penalty could gain support, though bipartisan opposition from lawmakers remains a possibility.



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Media

General

Trump's Plan To Expand Federal Death Penalty Could Face Hurdles

On Wednesday, Qualcomm Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/qcom#NASDAQ">QCOM</a>) issued its fiscal fourth quarter results, surpassing Wall Street estimates on both revenue and earnings fronts, fueled by&nbsp;a wave of launches of flagship Chinese smartphones.

With its fortunes have been historically tied to the smartphone industry,&nbsp;Qualcomm continues its efforts to transform into an AI-era ready&nbsp;connected computing company. While it sells modems and related chips to Apple Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aapl#NASDAQ">AAPL</a>) for its iPhones, this revenue stream is about to start fading. While Qualcomm closed a deal with Apple to keep selling chips by at least 2026, Apple is working on its own chips. Therefore, all eyes are on Qualcomm&rsquo;s diversificiation efforts to evaluate their chances of ofsetting the decline from losing Apple. Qualcomm has also made some serious moves to position itself in the AI landscape, having developed smartphone chips with specialized parts for machine learning since 2017. But unlike the AI leader, Nvidia Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nvda#NASDAQ">NVDA</a>)&nbsp;&nbsp;Qualcomm does not produce the kind of graphics processors for data centers that are used for big AI programs like Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>)-backed OpenAI&rsquo;s ChatGPT. Moreover, Qualcomm&rsquo;s &ldquo;internet of things&rdquo; business includes both chips for industrial purposes as well as the chips Meta Platforms (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meta#NASDAQ">META</a>) uses in its Quest handsets and Ray-Ban Smart Glasses, along with a new business selling chips for laptops running&nbsp;Microsoft&nbsp;Windows.&nbsp;

<h3>Fiscal Fourth Quarter Highlights</h3>

For the quarter ended on September 29th, revenue grew 19% YoY to&nbsp;&nbsp;$10.24 billion&nbsp;surpassed LSEG&rsquo;s estimate of $9.90 billion. Net income,&nbsp;$2.92 billion&nbsp;or $2.59 per share, which is almost double compared to last year&rsquo;s $1.49 billion, or $1.23 per share.&nbsp;Adjusted earnings per share of $2.69 also topped LSEG&rsquo;s estimate of $2.56&nbsp;per share.&nbsp;&nbsp;

Qualcomm&rsquo;s diversification efforts continue.

The IoT division reported revenue grew 22% YoY to $1.68 billion in revenue.&nbsp;The chip business that covers its handset, automotive, and other chips, grouped as QCT, reported sales growth of 18% as it brought in $7.37 billion.&nbsp;Its profitable technology licensing business, QTL, reported revenue grew as much as 21% YoY to $1.52 billion. Its&nbsp;&nbsp;automotive business grew 86%&nbsp;YoY as it brought in sales of $899 million.

For the full fiscal year, Qualcomm reported total revenue grew 9% YoY to $33.19 billion, with&nbsp;46% of its revenue being from customers with headquarters in China.

Qualcomm is off to a strong December quarter.

For the current quarter, Qualcomm guided for a revenue range between&nbsp;$10.5 billion and $11.3 billion, with automotive sales expected to rise 50% YoY.

Led by&nbsp;CEO Cristiano Amon, Qualcomm has diversified away from being merely a smartphone supplier and expanded its scope by producing chips for PCs, cars, and industrial machines. For now, it seems to be doing a good job at getting ready for the moment Apple will no longer need its chips.

DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.

This article is from an unpaid external contributor. It does not represent Benzinga&#39;s reporting and has not been edited for content or accuracy.

AAPL

MSFT

QCOM

Qualcomm Delivers Upbeat Results That Show Its Diversification Efforts Are Working

Billionaire entrepreneur Mark Cuban has founded several successful companies. He&#8217;s also part owner of the Dallas Mavericks and a star on the popular television show <a href="https://www.benzinga.com/topic/shark-tank">&#8220;Shark Tank.&#8221;</a>



He wouldn&#8217;t be where he is today if he retired in his mid-30s as&nbsp;he originally intended, and he owes a lot of that to his drive to be the best.&nbsp;



What To Know:&nbsp;As a young entrepreneur in his 20s, fresh out of Indiana University&#8217;s esteemed&nbsp;Kelley School of Business, Cuban founded&nbsp;software consulting business&nbsp;MicroSolutions.



According to <a href="https://www.cnbc.com/2022/10/13/why-mark-cuban-didnt-retire-early-after-becoming-a-millionaire.html">CNBC</a>, the young entrepreneur wanted&nbsp;to get rich and enter retirement&nbsp;by age 35.&nbsp;By the time he was 32, he sold the company for $6 million, pocketing around $2 million in profit.



But he didn&#8217;t stop there like he initially planned. In a September 2022 episode of the <a href="https://podcasts.apple.com/us/podcast/mark-cuban-doesnt-believe-in-following-your-passions/id1346314086?i=1000579347983">&#8220;Re:Thinking&#8221;</a> podcast, he revealed why he couldn&#8217;t just call it quits. 



&#8220;I&#8217;m not retired because I&#8217;m too competitive,&#8221; Cuban told&nbsp;Wharton psychologist&nbsp;Adam Grant&nbsp;on the show.&nbsp;



The get-rich-quick mentality drove a lot of his early decision-making, but chalking the MicroSolutions sale up as a win left the then-millionaire hungry for more.



Check This Out: <a href="https://www.benzinga.com/startups/24/11/41750733/this-is-america-mark-cuban-says-justifying-his-business-relationship-with-trumps-100m-megadonor-and">&#8216;This Is America,&#8217; Mark Cuban Says, Justifying His Business Relationship With Trump&#8217;s $100M Megadonor And Mavericks Co-Owner</a>



Every entrepreneur wants to&nbsp;&#8220;be that entrepreneur that disrupts an industry and changes it,&#8221;&nbsp;Cuban said:&nbsp;&#8220;What's better than that?&#8221;



He&#8217;s well on his way to&nbsp;<a href="https://www.benzinga.com/news/23/02/30672271/mark-cuban-aims-to-disrupt-a-365-billion-industry-with-the-only-startup-that-bears-his-name">disrupting the pharmaceutical industry</a>&nbsp;with the&nbsp;Mark Cuban Cost Plus Drug Company, which he founded at the beginning of 2022.



Costplusdrugs.com&#8217;s online pharmacy&nbsp;now carries over 2,000 prescription products, which are delivered via&nbsp;mail to thousands of customers each day.



The company is transparent on costs,&nbsp;charging&nbsp;a standard markup on the&nbsp;drugs it sells. That&nbsp;results&nbsp;in prices that&nbsp;often come in at a fraction&nbsp;of the cost of their big pharma&nbsp;alternatives.&nbsp;As a public-benefit corporation, the company&#8217;s&nbsp;mission of improving public health is just as important as the numbers at the bottom of the balance sheet.



Speaking with Grant on the podcast, Cuban noted&nbsp;that if he were in his 20s again, he would probably have the same mindset as he did before and would look to start something that he could sell for a quick profit.



&#8220;But now, the next dollar in my life,&nbsp;the marginal value of my next dollar is de minimis. It's not going to change my life a lot. So my decision-making process is completely different,&#8221; Cuban said.



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Photo: <a href="https://www.flickr.com/photos/gageskidmore/">Gage Skidmore</a> from Flickr.



Some elements of this story were previously reported by Benzinga and it has been updated.

Entrepreneurship

Success Stories

Mark Cuban Planned To Retire By Age 35: He Says There's Only One Reason He Didn't

Rapper Jay-Z has shown love for leading cryptocurrency Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) in the past and even used the crypto to help set up non-profits and community projects like The Bitcoin Academy, which <a href="https://www.benzinga.com/markets/cryptocurrency/22/06/27705207/jack-dorsey-and-jay-z-announce-free-bitcoin-academy">was launched in June 2022 </a>with Jack Dorsey.



What Happened: Jay-Z and Dorsey announced on June 9, 2022 that they would launch The Bitcoin Academy on June 22, 2022, adding a community initiative to help support the area of New York where <a href="https://www.benzinga.com/topic/jay-z">the rapper grew up</a>.



"Shout out to @Jack. #Bitcoin Academy, starting in Marcy, a place that taught me so much, is hopefully the first of many. The simple goal is to provide people tools to build independence for themselves and then the community around them," Jay-Z <a href="https://x.com/sc/status/1534921133199347712">tweeted</a>.



According to the company's <a href="https://www.thebitcoinacademy.com/">website</a>, The Bitcoin Academy is about "the future of money."



"Education is power. Shawn &#8216;Jay-Z&#8217; Carter and Jack Dorsey are personally funding The Bitcoin Academy, a program for residents of Marcy Houses, in Brooklyn, New York, where Jay grew up. This program aims to provide education and empower the community with knowledge," the website reads.



The program offers free classes to Marcy Houses residents, which includes lessons on Bitcoin and how people can build their own financial future. A Bitcoin Academy spokesperson told <a href="https://techcrunch.com/2022/06/09/jay-z-jack-dorsey-bitcoin-academy-marcy-public-housing/">TechCrunch</a> previously that participants in the program would be given a small amount of Bitcoin.



The duo also launched a 500 Bitcoin investment<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41114650/if-you-invested-1000-in-bitcoin-when-jack-dorsey-and-rapper-jay-z-establish-a-bitcoin-non-"> to help grow</a> cryptocurrency in regions like India and Africa.



While The Bitcoin Academy faced criticism at the time as cryptocurrency was highly volatile and the group of residents being targeted may not be able to handle the ups and downs of the sector, the cryptocurrency has posted a nice return since the project launched.



You may not be a billionaire like Jack Dorsey, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/trading-ideas/24/11/41856335/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet-42">check out five stocks flying under the radar that deserve your attention.</a>



Investing $1,000 in Bitcoin: Investors who read about Jay-Z and Dorsey's project may have wanted to find out more about the leading cryptocurrency themselves and make a small investment.



Bitcoin traded at a high of $20,835.75 on June 22, 2022 when The Bitcoin Academy launched.



A $1,000 investment in the leading cryptocurrency could have purchased 0.04799 BTC at the time. The $1,000 investment would be worth $3,672.13 today based on a price of $76,518.55 for Bitcoin at the time of writing.



This represents a return of 267.2% over the last nearly two and a half years.



While Bitcoin's future remains up in the air, a 2024 election win by Donald Trump <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41778425/bitcoins-all-time-high-a-groundbreaking-milestone-and-strong-post-election-rally-coming-ex">is providing optimism</a> that the United States government will be more welcoming to cryptocurrency regulation and more pro-crypto friendly policies.



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Image: Shutterstock

Education

If You Invested $1,000 In Bitcoin When Jay-Z & Jack Dorsey Opened The Bitcoin Academy, Here's How Much You'd Have Now

<a href="https://www.benzinga.com/startups/24/11/41733416/unscripted-showdown-jd-vance-faces-joe-rogans-toughest-questions-yet-heres-why-he-stumbled-in-the-ho">JD Vance</a> was primarily known to the general public for his memoir, Hillbilly Elegy, but his path to national politics had a lot more to do with his powerful backer, Peter Thiel. <a href="https://www.benzinga.com/startups/24/09/40777535/peter-thiel-is-scared-of-a-government-thats-powerful-enough-to-stop-something-like-ai-says-it-will-h">Thiel, a billionaire investor</a> and cofounder of PayPal, played a big role in Vance's venture capital career and his 2022 Senate campaign, ultimately paving the way for his new role as Donald Trump&#8217;s vice-presidential running mate.



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The two first crossed paths in 2011 when Vance was a Yale Law student. Thiel's speech at Yale caught Vance&#8217;s attention and stirred a desire to move away from law into something more dynamic. When <a href="https://www.benzinga.com/news/24/08/40313826/jd-vances-financial-boom-from-hillbilly-elegy-royalties-to-vice-presidential-nod">Hillbilly Elegy made waves in 2016</a>, Thiel brought Vance <a href="https://www.benzinga.com/general/politics/24/07/39916075/j-d-vance-venture-capital-background-under-scrutiny-it-never-seemed-like-he-was-even-working-it-">into his venture capital firm, Mithril Capital</a>.



However, Vance&#8217;s time at Mithril wasn't especially memorable from a business perspective. Former coworkers report that Vance was <a href="https://www.benzinga.com/startups/24/08/40221033/peter-thiel-launched-j-d-vances-venture-capital-career-but-a-former-colleague-says-he-was-rarely-in">rarely in the office</a>, as he appeared to be more interested in marketing his memoir than engaging in the firm's day-to-day operations. Even though it wasn&#8217;t a significant or long-lasting job, it did contribute to the development of Vance&#8217;s relationship with Thiel, which would later be vital.



Trending: With over 7.8K investors including Meta, Google, And Amazon Execs — this AI Startup's valuation has skyrocketed from $5 million to $85 million in just three years. <a href="https://www.benzinga.com/money/rad-ai">Be an early investor with just $1,000 for only $0.50/share today before the offer closes in 2 weeks.</a>



In 2017, Vance left Mithril to join Revolution, an investment firm started by AOL cofounder Steve Case. At Revolution, Vance helped develop the Rise of the Rest initiative and worked on several other deals, focusing on startups outside of the typical tech hubs. Additionally, he invested in the indoor farming business AppHarvest. Unfortunately, AppHarvest ended in bankruptcy in 2023 after a series of lawsuits, but by then, Vance had already moved on.



Vance eventually cofounded his <a href="https://www.benzinga.com/news/24/07/39782144/rumble-stock-rallied-on-monday-heres-what-happened">venture capital firm Narya Capital</a>, with financial backing from Peter Thiel. Narya sought to assist new businesses in underprivileged U.S. regions. Despite the ups and downs of his venture capital career, Vance&#8217;s relationship with Thiel remained steadfast.



See Also: 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"> you can become an investor for $0.80 per share today.</a>



In 2022, Vance decided to run for a Senate seat in Ohio. He faced stiff competition, including several wealthy candidates willing to spend tens of millions of dollars of their own money. Enter Peter Thiel, who contributed $15 million to a super PAC supporting Vance's campaign – the largest donation Thiel had ever made to a single candidate. The super PAC spent heavily on ads and campaign promotions that helped Vance win and become more prominent in politics.



Beyond funding, Thiel also invested alongside Vance in political ventures. In 2021, they both put money into Rumble, a video platform seen as a conservative-friendly alternative to YouTube. As mainstream social media companies tightened rules on content, Rumble became popular among right-wing voices seeking fewer restrictions. This investment aligned Vance and Thiel further with the political right and laid some groundwork for Vance&#8217;s continued public profile.



In 2024, Vance's political rise took yet another leap. In an attempt to regain the presidency, former President Donald Trump <a href="https://www.benzinga.com/general/politics/24/07/39780777/trump-picks-senator-j-d-vance-as-running-mate-musk-says-great-choice-for-vp">selected JD Vance as his running mate</a>. Thiel's influence helped Vance evolve from a memoirist into a venture capitalist and, ultimately, the United States Vice President.



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Photo: Shutterstock

Future Vice President JD Vance Has A Powerful Silicon Valley Backer – Peter Thiel, Who Funded His 2022 Ohio Campaign With $15M

Russian President Vladimir Putin is the latest world leader to send his congratulations to Donald Trump for winning the <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">2024 presidential election</a>.



Here's a look at what he had to say.



 What Happened: World leaders <a href="https://www.benzinga.com/news/24/11/41769004/ukraines-zelenskyy-benjamin-netanyahu-and-other-key-world-leaders-congratulate-donald-trump-on-elect">are congratulating Trump</a> and appear eager to move forward with international relations with America as a new president is inaugurated in 2025, one who has been in the White House previously.



"I take this opportunity to congratulate him on his election as president of the United States of America," Putin said Thursday at a meeting in Sochi, as reported by <a href="https://www.politico.eu/article/vladimir-putin-manly-donald-trump-us-election/">Politico</a>.



Putin said he has not spoken with Trump since the election victory, but seemed committed to answer the phone if Trump made the phone call.



The Russian president said leaders of Western countries used to call him and "then suddenly they stopped," when sharing the reason he hadn't called Trump himself.



"If any of them wants to resume contact, I have always said and I want to say again: we have nothing against it."



Putin also said he's "ready" to hold talks with Trump before the January inauguration.



Speaking about an assassination attempt on Trump, Putin said he was impressed with how the president-elect handled himself at the time.



"He turned out to be a courageous man. He showed himself, in my opinion, in a very correct way: courageous, manly."



Putin's comments Thursday were his first public thoughts on Trump winning the election. On Wednesday, the Kremlin <a href="https://www.politico.eu/article/vladimir-putin-not-planning-congratulate-donald-trump-election-victory-kremlin-us-russia-relations/">said </a>Putin was not planning to congratulate Trump.



"I am not aware of the president's plans to congratulate Trump on the election," Kremlin spokesperson Dmitry Peskov said Wednesday. "Let's not forget that we are talking about an unfriendly country that is both directly and indirectly involved in the war against our state."



The delay in Putin's congratulations comes after the Russian president was previously one of the first world leaders to send well wishes after Trump won the 2016 presidential election.



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Why It's Important: Putin's congratulations comes as Russia and the United States have been enemies since the invasion of Ukraine and sanctions were placed on the country by the current Joe Biden administration.



Trump's past relationship with Putin and reports that he remained in contact with the Russian leader after leaving the White House <a href="https://www.benzinga.com/general/politics/24/10/41235596/trump-secretly-stayed-in-contact-with-putin-after-leaving-office-upcoming-bob-woodward-book-alle">have drawn scrutiny</a> and will be a key item watched around the world ahead of and after his inauguration.



The president-elect has promised to end the Russia-Ukraine war in his first day in office and said he will cut back U.S. funding for Ukraine.



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Photo: Shutterstock

Global

Putin Congratulates Trump On 2024 Election Victory: Russian Leader Said President-Elect 'Manly' For How He Handled Assassination Attempt

On Friday, the market cap of&nbsp;Tesla Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) soared <a href="https://www.benzinga.com/news/management/24/11/41856784/elon-musks-wealth-tops-300-billion-as-teslas-market-cap-soars-above-1-trillion">past the $1 trillion mark</a>, a surge attributed to CEO Elon Musk&#8217;s bet on President-elect Donald Trump.



What Happened: Following Trump&#8217;s victory and his comeback as the 47th U.S. president, Tesla&#8217;s stock experienced a sharp rally, propelling Musk&#8217;s fortune past the $300 billion mark.



During an appearance on Yahoo Finance, Wedbush analyst Dan Ives praised Musk&#8217;s support of Trump as a &#8220;poker move for the ages.&#8221; He anticipates an expedited autonomous sector, which could be worth $1 trillion alone for Tesla&#8217;s AI segment.



<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">&quot;Autonomous is going to get fast-tracked in our opinion, and that is significant,&quot; Wedbush managing director <a href="https://twitter.com/DivesTech?ref_src=twsrc%5Etfw">@DivesTech</a> says on <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a>. &quot;That&#39;s worth $1 trillion alone in terms of the AI piece to Tesla, and that&#39;s why for Musk, the bet on Trump, it&#39;s a poker move for the ages.&quot; <a href="https://t.co/U3rMjisDSE">pic.twitter.com/U3rMjisDSE</a>&mdash; Yahoo Finance (@YahooFinance) <a href="https://twitter.com/YahooFinance/status/1855005452930580789?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/personal-finance/24/11/41773588/elon-musks-mom-knew-he-was-a-genius-by-3-years-old-but-worried-hed-end-up-in-a-basement-now-hes-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk&#8217;s Mom Knew He Was A &#8216;Genius&#8217; By 3 Years Old But Worried He&#8217;d &#8216;End Up In A Basement&#8217;</a>



In a separate post, Gene Munster, managing partner at Deepwater Asset Management, noted Tesla&#8217;s impressive 44% rally over the past 12 trading days. &#8220;This is more than just a meme stock,&#8221; he wrote on X, formerly Twitter.



Munster believes that Tesla&#8217;s accelerating delivery growth&nbsp;and the long-term opportunity around&nbsp;autonomy will power the fundamentals&nbsp;leading to further price appreciation. &#8220;



<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"><a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> up 44% over the last 12 trading days, compared to the Nasdaq up 4%. This is more than just a meme stock. The accelerating delivery growth next year (flat-ish in 2024 and up +20% in 2025) and the long-term opportunity around autonomy will power the fundamentals that should…&mdash; Gene Munster (@munster_gene) <a href="https://twitter.com/munster_gene/status/1854912992472649980?ref_src=twsrc%5Etfw">November 8, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Why It Matters: Tesla&#8217;s stock surged nearly 29% this week following Trump's victory in the U.S. presidential election, as investors grow hopeful that President-elect&#8217;s return to the White House <a href="https://www.benzinga.com/markets/equities/24/11/41832876/elon-musk-shines-in-trump-sweepstakes-a-big-win-for-tesla-dan-ives-thinks-so">could favor the automaker</a>.



The Tesla CEO was a key political supporter of Trump's 2024 campaign, reportedly donating over $130 million to aid his re-election.



<a href="https://www.benzinga.com/news/24/11/41766547/trump-gives-victory-speech-in-florida-as-winning-pennsylvania-puts-him-at-brink-of-victory-vows-to-f">Trump's victory speech</a> also praised Musk, dedicating nearly four minutes to call him a &#8220;super genius&#8221; and highlighting achievements, including SpaceX launches and its expanding satellite internet network.



Musk has also shown interest in leading a proposed Department of Government Efficiency (DOGE) to reduce federal waste. Trump has suggested Musk for the role of &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41619022/trumps-billionaire-ally-plans-to-join-elon-musks-doge-if-named-treasury-secretary-recommen">Secretary of Cost-Cutting</a>,&#8221; overseeing efforts to trim $2 trillion in federal spending.



Last month, Tesla reported third-quarter revenue of $25.18 billion, reflecting an 8% year-over-year increase. However, the figure fell short of the Street consensus estimate of $25.37 billion, according to data&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>.



Price Action: Tesla shares closed Friday&#8217;s session with an 8.19% gain, finishing at $321.22. In after-hours trading, the stock rose further, reaching $322.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.



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Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.



Photo courtesy: Tesla

Analyst Color

As Tesla Market Capitalization Soars Past $1 Trillion, Dan Ives Calls Musk's Trump Bet 'Poker Move For The Ages: Gene Munster Say It Is 'More Than Just A Meme Stock'

In a viral interaction, comedian Alex Strenger confronted former House Speaker <a href="https://www.benzinga.com/topic/nancy-pelosi">Nancy Pelosi</a> during a book signing at the Texas Tribune Festival in Austin. Strenger, who posed as a Democrat, showered Pelosi with praise before asking the question everyone has on their mind: what stocks should they buy?



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Strenger went up to Pelosi as she autographed copies of her recently released book, &#8220;The Art of Power.&#8221; He called her &#8220;the greatest options trader of all time&#8221; and asked her head-on what stocks he should buy. Wearing a COVID mask and a Bernie Sanders cap, Strenger acted as a sincere supporter, praising Pelosi&#8217;s commitment to democracy and <a href="https://www.benzinga.com/startups/24/11/41714647/nancy-pelosi-claims-trump-will-double-down-on-tariffs-and-benefits-for-donors-she-warns-these-moves">voicing worries about Donald Trump</a>.&nbsp;



<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">Assaulted by <a href="https://twitter.com/SpeakerPelosi?ref_src=twsrc%5Etfw">@SpeakerPelosi</a>'s Security Detail when all I wanted was stock advice &#x1f622; <a href="https://t.co/QwEbtxfRQk">pic.twitter.com/QwEbtxfRQk</a>&mdash; Alex Strenger (@TheAlexStrenger) <a href="https://twitter.com/TheAlexStrenger/status/1832552162209022345?ref_src=twsrc%5Etfw">September 7, 2024</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



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"Nancy, you're the greatest options trader of all time," Strenger said, maintaining a satirical tone. "I just want to know what stocks I should buy." The crowd – and security – didn't seem to find the humor in his request. Security guards eventually stepped in and escorted Strenger away, but not before he added a jab about Pelosi's wealth compared to her congressional salary.



Pelosi, whose husband Paul has made headlines for his well-timed stock trades, mostly kept her composure. She briefly responded to Strenger&#8217;s remarks before security moved him aside.



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The interaction went viral, drawing a range of reactions online. <a href="https://www.reddit.com/r/unusual_whales/comments/1fcblfg/nancy_pelosi_was_asked_what_stocks_she_should_buy/">Reddit</a> users were divided – some found Strenger&#8217;s questioning amusing and brave, while others thought he lacked confidence, noting his trembling voice.&nbsp;



One commenter remarked, &#8220;Too much butter, not enough toast,&#8221; criticizing Strenger&#8217;s lengthy buildup before dropping the real question. Others focused on Pelosi, with many still skeptical about the timing of her trades and questioning whether elected officials should be allowed to invest in individual stocks.



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Nancy Pelosi, who <a href="https://www.benzinga.com/markets/options/24/10/41459593/nvidia-stock-hits-all-time-highs-heres-how-much-nancy-pelosis-500-call-options-are-worth-today">receives between $174,000 and $197,000</a> a year as a senior member of Congress, has come under fire for her family&#8217;s substantial fortune, particularly her husband&#8217;s profitable trading. Paul Pelosi's purchase of Nvidia call options last November, now worth $6.6 million, has only added fuel to the fire. Calls for a ban on congressional stock trading have not been quelled by Nancy Pelosi&#8217;s insistence that her husband&#8217;s investments are unrelated to her position in Congress despite these suspicions.



The Pelosis&#8217; investments have become so notorious that an ETF tracking the trading activities of Democrats in Congress, aptly named &#8220;NANC,&#8221; has been launched. There&#8217;s even proposed legislation nicknamed the PELOSI Act aimed at restricting stock trading by lawmakers and their spouses. But for now, as Strenger learned firsthand, Pelosi isn&#8217;t about to start giving out trading tips at public events – even if she's touted as the &#8220;greatest options trader of all time.&#8221;



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Someone Asked Nancy Pelosi, 'The Greatest Options Trader Of All Time,' What Stocks To Buy – To Her Face. It Went Exactly As You'd Imagine

El Salvador, the first nation state to adopt Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) as a means of payment, is up 81% on its investments, according to <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/32010471/cryptos-crystal-ball-how-to-gain-an-edge-with-on-chain-analysis">on-chain analysis</a>.



What Happened: Spotonchain data <a href="https://platform.spotonchain.ai/en/profile?address=32ixEdVJWo3kmvJGMTZq5jAQVZZeuwnqzo">shows</a> El Salvador's strategic Bitcoin investments, led by president Nayib Bukele, have reaped gains of $24.54 million. Starting Nov. 18, 2022, the country purchased one bitcoin daily at an average price below $42,000.



<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548"/></a></figure>



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El Salvador's embrace of Bitcoin, recognized as legal tender since 2021, has positioned it as a leader in crypto adoption. Bukele's initiatives included a <a href="https://www.benzinga.com/markets/cryptocurrency/24/06/39355769/el-salvadors-president-bukele-proposes-bitcoin-bank-to-attract-billions">proposal for a national Bitcoin bank</a> just two weeks into his second term.



His ambitious "Bitcoin City" project, has attracted major investments like Yilport Holding's <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40330518/nayib-bukeles-bitcoin-city-project-in-el-salvador-attracts-1-6b-investment-from-turkey-bas">$1.6 billion in the country's seaports</a>. This marks largest private investment in the nation&#8217;s history.



Bitcoin influencer Max Keiser commended El Salvador for its Bitcoin strategy, saying the &#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41591016/the-american-dream-is-alive-in-el-salvador-and-its-safer-than-disneyland-says-bitcoin-bull">American dream is alive</a>&#8221; in the country. However, the country&#8217;s &#8216;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41608795/remember-the-passports-for-bitcoin-initiative-in-el-salvador-its-not-going-so-well">passports for Bitcoin</a>&#8216; initiative has not seen any interest yet and president Bukele admitted that <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40644084/el-salvador-president-nayib-bukele-says-bitcoin-uptake-hasnt-been-a-resounding-success-we-">Bitcoin uptake has not been a resounding success</a>.



What&#8217;s Next: The influence of&nbsp;<a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a>&nbsp;is expected to be thoroughly explored at Benzinga&#8217;s upcoming&nbsp;<a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a>&nbsp;event on Nov. 19.



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Image: Shutterstock

El Salvador's Bitcoin Bet Is Paying Off—Here's How Much The Country Is Up

Bill Gates has been impressively named one of the world's richest people for decades. He famously topped the list from 1995 to 2017, holding<a href="https://www.benzinga.com/personal-finance/24/07/39600675/bill-gates-was-the-worlds-richest-man-for-a-record-18-years-his-secret-to-success-saving-like-a-"> the number-one spot for 18</a> out of 23 years.



According to Forbes, Gates&#8217;s net worth is currently around $103 billion. He certainly knows a thing or two about extreme wealth. Yet, in an honest moment, he shared a refreshingly down-to-earth perspective on what money truly brings.



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Speaking to students at the University of Washington, Gates highlighted that while millions of dollars provide "meaningful freedom," the difference between having a substantial amount and having billions is not as life-changing as it might seem. "I can understand wanting to have millions of dollars; there's a certain freedom, meaningful freedom, that comes with that," Gates said. But he added a surprising twist: "Once you get much beyond that, I have to tell you, it's the same hamburger. Dick's [Drive-In] has not raised their prices enough."



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This comment reflects Gates' outlook that, beyond a certain point, more money doesn't necessarily buy you a better life or greater happiness. It might mean access to luxury, but for daily life, he suggests that the experience remains pretty simple – like eating a burger, no matter how rich you are.



Gates' Legacy of Wealth and Philanthropy



Since cofounding Microsoft, Gates has built an empire that has made him one of the world's wealthiest individuals. But Gates has long expressed a desire to use his wealth for meaningful impact. He even vowed to drop off the billionaires list entirely and in 2024, he dropped to his <a href="https://www.benzinga.com/real-estate/24/05/38588551/bill-gates-is-reportedly-selling-a-pair-of-yachts-after-dropping-to-his-lowest-rank-on-the-billionai">lowest rank in 34 years</a>. Through the Bill &amp; Melinda Gates Foundation, he's donated billions toward health, education and poverty reduction worldwide, focusing on initiatives he believes can change lives more effectively than luxury purchases.



Trending: Many are using this retirement income calculator to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on how on what&#8217;s behind this formula.</a>



Gates' message to students about the relative value of wealth – how, beyond basic freedom, it doesn't change the fundamentals of life – adds depth to his philanthropic philosophy. By emphasizing that money only goes so far in creating happiness or meaning, Gates highlights a belief in using wealth to make a difference rather than simply accumulating more.



In his words, being ambitious and successful is a good thing, but beyond that, it's about finding purpose and "picking what you enjoy doing." Gates' statement invites a look at wealth from a different angle, suggesting that what we choose to do with our resources – and why – matters far more than the size of our bank accounts.&nbsp;



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Although money may not mean much beyond a certain point to Bill Gates, ensuring you have enough to live comfortably is always nice. <a href="https://www.benzinga.com/money/can-you-guess-how-many-americans-successfully-retire-with-1-million-saved">Consulting a financial advisor</a> can help ensure you're on track to meeting your money goals, whether becoming a millionaire or just enjoying all the "hamburgers" you want.&nbsp;



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Bill Gates Says Being A Billionaire Is Overrated – Being Rich Brings You Freedom, But Beyond That 'It's The Same Hamburger'

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