Bank OZK (NASDAQ:OZK) 주식

Bank OZK

Bank OZK is a bank holding company that owns and operates a community bank, Bank of the Ozarks. The bank operates offices in Arkansas, Georgia, Florida, North Carolina, Texas, California, New York and Mississippi. It provides a range of banking services which include deposit services such as checking, savings, money market, time deposit, and individual retirement accounts to loan services like real estate, consumer, commercial, and industrial loans. Apart from providing traditional banking products and services it also provides treasury management, trust and wealth management, financial planning, online banking, and other related services.

Bank OZK - 4.625% Series A Non-Cumulative Perpetual Preferred Stock

ManpowerGroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) shares were <a href="https://www.benzinga.com/premarket">trading lower in premarket </a>at last check on Thursday after the first-quarter FY25 earnings.
The company <a href="https://www.benzinga.com/pressreleases/25/04/n44860464/manpowergroup-reports-1st-quarter-2025-results">reported first-quarter FY25 sales decline</a> of 7.1% year-on-year to $4.09 billion, beating the analyst consensus estimate of $3.96 billion.
Revenue from services: Americas $1.05 billion (+2% Y/Y), Southern Europe $1.83 billion (-7.4% Y/Y), Northern Europe $730.8 million (-16% Y/Y) and APME $476.4 million (-11% Y/Y).
Also Read: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44850301/target-under-pressure-from-discretionary-spend-slowdown-mounting-inventory-risk-goldman-sachs-downgrades-stock">Target Under Pressure From Discretionary Spend Slowdown, Mounting Inventory Risk, Goldman Sachs Downgrades Stock</a>
Fourth-quarter adjusted EPS was $0.44, <a href="https://www.benzinga.com/earnings">missing the consensus</a> of $0.50.
Gross margin contracted by 20 bps to 17.1%. The operating income plunged by 57.2% Y/Y to $28.2 million, and the margin compressed by 80 bps to 0.7%.
ManpowerGroup used $153.2 million in cash in operating activities in the first-quarter.&nbsp;The company held cash and equivalents of $395 million as of March 31, 2025.
&#8220;During the quarter, we saw good growth in Latin America and Asia Pacific while operating conditions remained challenging in Europe and North America.  More recently, the demand outlook is less clear based on increased caution following trade policy developments,&#8221; said chair and CEO Jonas Prising.
Outlook:&nbsp;ManpowerGroup expects second-quarter EPS of $0.65 &#8211; $0.75, versus an estimate of $0.95.
Price Action:&nbsp;MAN shares are trading lower by 9.11% at $45.00 in premarket at last check Thursday.
Read Next: <a href="https://www.benzinga.com/25/04/44825498/bofa-downgrades-pepsico-as-analyst-sees-limited-potential-until-2026">PepsiCo Still A Buy? Not Anymore As Analysts &#8216;Run Out Of Answers&#8217;</a>
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General

Why Are Manpower's Stocks Plunging On Thursday?

Keybanc analyst Brandon Nispel maintains CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) with a Overweight and lowers the price target from $485 to $425.

Price Target

Analyst Ratings

CYBR

Keybanc Maintains Overweight on CyberArk Software, Lowers Price Target to $425

<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/17063336/Smoore.jpeg" alt="" class="wp-image-10872" style="width:902px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/17063336/Smoore.jpeg 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/17063336/Smoore-300x200.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/17063336/Smoore-768x512.jpeg 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The vaping products maker is facing new pressures on both the regulatory and tariff fronts, driving it to explore new products

<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul>
<li>Smoore's profit dropped 43.4% to 192 million yuan in this year's first quarter, as its vaping products come under growing pressure on various fronts</li>
<li>Big tobacco is lobbying Washington to impose additional tariffs or ban disposable vaping devices made in China</li>
</ul>
The vaping industry is at once traditional and innovative, offering up a vast market but also one under constant regulatory scrutiny due to its similarities with conventional smoking. Vaping product makers must also compete with regular cigarettes, and policies affecting the newer group can sometimes be cloudy and confusing.
Many vaping companies are feeling the pressure from all sides, including&nbsp;Smoore International Holdings Ltd.&nbsp;(6969.HK), the world's leader in atomization technology products, whose&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0407/2025040702147.pdf">latest results</a>&nbsp;show its profit went up in smoke in the first quarter, slipping 43.4% year-on-year to 192 million yuan.
The company blamed the disappearing profit mainly on big spending increases all around, including on the administrative, distribution, selling and R&amp;D fronts.
Smoore's revenue mainly comes from vaping products it sells to global tobacco companies. Such products are mostly e-cigarette devices and their components, including atomizers, smoke bombs, disposable vapes and heat-not-burn devices. The company is also developing a self-branded business and investing in R&amp;D to find uses for atomization technology in beauty and medical therapies.
The company didn't provide any first-quarter revenue data, but the figure rose 5.3% for all of 2024 to 11.8 billion yuan, even as its profit for the year dropped 20.8% to 1.3 billion yuan. Last year Smoore earned 9.32 billion yuan from business clients, down slightly from 2023, accounting for 79% of total revenue. Revenue from its self-branded business surged 34% to 2.48 billion yuan, making up the remaining 21% of its revenue pie. The company hailed the launch of its "MOYAL" beauty atomization brand in China last year as a major breakthrough.
Despite its falling profits, Smoore's stock was on fire last year, more than doubling from HK$6.50 at the start of 2024 to HK$14.12 by year-end. It's given back some of that this year, but still trades above HK$11.
The Chinese vaping market has slumped for several years now after a period of rapid growth. Vapes were officially brought under China's Tobacco Monopoly Law in 2022, at which time flavored electronic vapes favored by young people were outlawed and all products were required to receive new licenses. The changes prompted Smoore to shift its focus abroad, and overseas revenue accounted for more than 90% of its total last year. As it made the shift, the company returned to revenue growth last year after two years of contraction.
Things have been looking up overseas lately in terms of regulation. The U.S., the world's biggest vaping market, officially opened up to menthol-flavored products last year. And President Trump promised during his campaign that he would further open up the market if elected, raising expectation for more relaxation. The U.S. Food and Drug Administration's (FDA) also ramped-up efforts to crack down on unauthorized vapes last year, helping to shore up sales for legal companies like Smoore.
<h4 class="wp-block-heading">High-stakes stock grants</h4>
A stock incentive scheme at the end of last year for founder and Chairman Chen Zhiping may also be supporting the stock. The company granted Chen up to 61 million shares contingent on meeting certain conditions. Under that plan, he will receive 30% of the shares if the company's average market cap reaches HK$300 billion for 15 consecutive trading days between 2025 and 2030; he will get 60% if it reaches HK$400 billion for 15 consecutive days; and he will get all 61 million shares if it reaches HK$500 billion.
The company's market cap reached HK$550 billion at its height in January 2021, though it has fallen sharply since then to its current level of HK$63 billion. The option scheme means Chen will be closely watching the company's stock, as he aims to take Smoore back to its previous heights and claim some or all of the stock grant.
Despite its return to revenue growth and relative stability last year, constantly shifting government policies and geopolitics are leaving question marks hanging over the company. One such cloud could be coming from British American Tobacco (BATS.L), a major Smoore client, which was lobbying the Trump administration to crack down on illegal vapes, including potential bans on the import of devices from China, according to a Reuters report.
<h4 class="wp-block-heading">U.S. import ban?</h4>
British American Tobacco complained that its own legal products typically take several years to enter the market, by which time illegal products have already taken substantial share. Unauthorized disposable vapes, mostly made in China, account for roughly 70% of almost $12.93 billion worth of U.S. vape sales annually, seriously impinging on legal products. To snuff that out, the company is calling on Washington to ban imports of all disposable vapes from China and consider additional tariffs on any other Chinese-made e-cigarettes and smoking alternative products.
Meantime, new U.S. tariffs on Chinese goods entering the country, and the revoking of duty-free treatment for small-packages entering the U.S. from China are also put pressure on the export of Chinese-made e-cigarettes.
That said, Smoore still stands a chance to find a new path through the development of new less controversial products. A case in point is its increasingly popular heat non-burn (HNB) products that are regarded by Chen as a potential new second frontier for the company. In addition, as we've previously noted, Smoore is also stepping up spending on its development of beauty and medical products using its atomization technology.
After its recent stock run-up, Smoore's shares now trade at a price-to-earnings (P/E) ratio of 52 times, higher than&nbsp;RLX Technology's&nbsp;(RLX.US) 30 times and the 11 times average for the entire tobacco industry. With such an elevated price, investors should be on the watch for a potential correction – a risk that would hurt not only the stock price but take Chen further from receiving any shares under his incentive scheme.

Asia

Equities

Psychedelics

Regulations

Opinion

Trading Ideas

Big Tobacco Wants Chinese Vapes Banned; Will This Stock Go Up In Smoke?

Keybanc analyst Jackson Ader maintains Camping World Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWH#NYSE">CWH</a>) with a Overweight and lowers the price target from $22 to $16.

Keybanc Maintains Overweight on Camping World Holdings, Lowers Price Target to $16

Keybanc analyst Eric Heath maintains CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) with a Overweight and lowers the price target from $195 to $185.

CVLT

Keybanc Maintains Overweight on CommVault Systems, Lowers Price Target to $185

D.R. Horton, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHI#NYSE">DHI</a>) reported&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44859294/d-r-horton-inc-americas-builder-reports-fiscal-2025-second-quarter-earnings-and-declares-quarterly" rel="noreferrer noopener">second-quarter FY25 results</a> on Thursday.
Sales fell&nbsp;15% year-over-year (Y/Y) to&nbsp;$7.73&nbsp;billion, missing the consensus of&nbsp;$8.03 billion. EPS was&nbsp;$2.58,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of&nbsp;$2.67.</a> Net sales orders fell&nbsp;15%&nbsp;Y/Y to 22,437&nbsp;homes and&nbsp;decreased&nbsp;17% Y/Y&nbsp;in value to&nbsp;$8.4 billion.
Homebuilding revenue declined&nbsp;15%&nbsp;Y/Y&nbsp;to&nbsp;$7.2&nbsp;billion. Homes closed in the quarter fell&nbsp;15% Y/Y to 19,276 homes.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/01/43246599/bofa-downgrades-dr-horton-and-smith-douglas-citing-cost-pressures-and-weak-roe-outlook" rel="noreferrer noopener">Homebuilders Brace For Tough 2025, Analyst Downgrades D.R. Horton And Smith Douglas Amid Market Pressures</a>
The sales order backlog of homes under contract as of March 31, 2025, decreased&nbsp;21% year over year to 14,164&nbsp;homes and&nbsp;22% year over year in value to&nbsp;$5.5&nbsp;billion.
D.R. Horton had 36,900&nbsp;homes in inventory, of which 23,500&nbsp;were unsold as of March 31, 2025.
Return on equity was&nbsp;17.4%, and return on assets stood at&nbsp;12.2% for the trailing twelve months ended March 31, 2025.
Operating cash flow stood at&nbsp;$210.5&nbsp;million in the six months ended March 31, 2025.
As of March 31, 2025, the cash balance was&nbsp;$2.5&nbsp;billion, and the available capacity on its credit facilities was&nbsp;$3.3&nbsp;billion, for a total liquidity of&nbsp;$5.8&nbsp;billion.
Buyback: D.R. Horton repurchased 9.7&nbsp;million shares for&nbsp;$1.3&nbsp;billion&nbsp;during the quarter. The company's remaining stock repurchase authorization as of March-end&nbsp;was&nbsp;$1.2&nbsp;billion.
In April 2025, the Board of Directors approved a new $5.0 billion share repurchase authorization, replacing the prior program, which had $1.1 billion remaining following post-quarter-end buybacks.
Dividend: Subsequent to year-end, the company declared the quarterly dividend of&nbsp;$0.40&nbsp;per share, payable on May 9, to shareholders of record as of May 2, 2025.
FY25&nbsp;Outlook: D.R. Horton revised its revenue guidance to&nbsp;$33.3 billion-$34.8 billion (from $36.0 billion –&nbsp;$37.5 billion) versus&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">the&nbsp;consensus of&nbsp;$36.4 billion</a>.
It now expects homes closed to be 85,000-87,000 homes (vs. 90,000-92,000 homes prior) for the year.
DHI projects FY25 operating cash flow to be greater than $3.0 billion.
The company revised its share repurchase outlook for FY25&nbsp;to approximately $4.0 billion (from&nbsp;$2.6 billion—$2.8 billion&nbsp;earlier).
The company continues to expect dividend&nbsp;payments of around&nbsp;$500 million.
David Auld, Executive Chairman, said, "The 2025 spring selling season started slower than expected as potential homebuyers have been more cautious due to continued affordability constraints and declining consumer confidence."
"Our tenured operators are responding appropriately to market conditions by increasing sales incentives where necessary to drive traffic and incremental sales, while carefully balancing pace versus price to maximize returns."
Investors can gain exposure to the stock via&nbsp;IShares U.S. Home Construction ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITB#BATS">ITB</a>) and&nbsp;Exchange Listed Funds Trust Long Pond Real Estate Select ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPRE#NYSE">LPRE</a>).
Price Action:&nbsp;DHI shares are down 3.86% at $113.00&nbsp;premarket at the last check Thursday.
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Earnings

Large Cap

Guidance

Movers

iShares Dow Jones US Homenstruction Index Fund

LPRE

Homebuyers Cautious Due To 'Continued Affordability Constraints And Declining Consumer Confidence:' D.R. Horton Cuts Annual Outlook

Keybanc analyst Eric Heath maintains C3.ai (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AI#NYSE">AI</a>) with a Underweight and lowers the price target from $21 to $17.

Keybanc Maintains Underweight on C3.ai, Lowers Price Target to $17

The Charles Schwab Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) shares are trading higher after the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/b44860458/schwab-reports-record-first-quarter-revenue" rel="noreferrer noopener">company&nbsp;reported&nbsp;first-quarter results</a>.
Revenue rose&nbsp;18%&nbsp;year over year (Y/Y) to&nbsp;$5.60 billion, beating the consensus of&nbsp;$5.51 billion.
Net interest revenue rose&nbsp;21%&nbsp;Y/Y to&nbsp;$2.706 billion&nbsp;in the&nbsp;first quarter. Clients' daily average trades totaled 7.391 billion, up&nbsp;24% Y/Y.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/price-target/25/04/44653345/bofa-analyst-forecasts-slower-growth-for-broker-stocks-as-market-volatility-increases" rel="noreferrer noopener">BofA Analyst Forecasts Slower Growth For Broker Stocks As Market Volatility Increases</a>
Asset management and administration fees rose&nbsp;14%&nbsp;Y/Y to&nbsp;$1.53 billion on organic growth and product utilization.
Trading revenue surged&nbsp;11% Y/Y, led by higher volumes, in the quarter.
Adjusted net income rose&nbsp;37%&nbsp;Y/Y to&nbsp;$2.01 billion. Adjusted EPS increased&nbsp;41% Y/Y&nbsp;to&nbsp;$1.04,&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">beating the consensus of&nbsp;$1.01</a>.
The bank had&nbsp;$246.2 billion&nbsp;in deposits at the end of the&nbsp;first quarter&nbsp;of 2025, down&nbsp;9%&nbsp;Y/Y. In the&nbsp;first quarter&nbsp;of FY25, core net new assets stood at&nbsp;$137.7&nbsp;billion.
Total client assets rose&nbsp;9% Y/Y to&nbsp;$9.93 trillion. The company's active brokerage accounts reached 37.0&nbsp;million in the quarter.
Buyback: The company repurchased 19.2 million common shares for $1.5 billion in connection with The Toronto-Dominion Bank's secondary offering.
Dividend: The company raised dividend per share by 8% to 27 cents.
"Client transactional sweep cash equaled $407.8 billion at the end of March – reflecting normal first quarter deployment activity partially offset by client net selling following the re-emergence of market volatility. At the same time, we further reduced Bank Supplemental Funding to $38.1 billion at quarter-end – a 46% decrease versus 1Q24," said CFO Mike Verdeschi. 
President &amp; CEO Rick Wurster added, "Investors turned to Schwab to navigate an increasingly uncertain environment in 1Q25, entrusting us with $138 billion in core net new assets. This 44% year-over-year increase in asset gathering was powered by our unwavering focus on serving the needs of clients across Retail, Advisor Services, and Workplace Financial Services."
Investors can gain exposure to the stock via&nbsp;IShares U.S. Broker-Dealers &amp; Securities Exchanges ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAI#NYSE">IAI</a>) and&nbsp;iShares FinTech Active ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BPAY#NYSE">BPAY</a>).
Price Action:&nbsp;SCHW shares&nbsp;are up 3.70% at $78.50 premarket at the last check Thursday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44634677/goldman-sachs-sees-broad-eps-pressure-across-capital-markets-highlights-brookfield-as-a-standout" target="_blank" rel="noreferrer noopener">Goldman Sachs Sees Broad EPS Pressure Across Capital Markets, Highlights Brookfield As A Standout</a></li>
</ul>
Photo: Shutterstock

BlackRock ETF Trust BlackRock Future Financial and Technology ETF

BPAY

iShares Dow Jones US Broker Dealers Index Fund

SCHW

Charles Schwab Q1 Earnings Beat: Boosts Dividend 8%, Adds $138 Billion In Net New Assets & More

In recent months, the US dollar has faced a notable downturn, with the DXY trading at 99.72. This level hasn't been seen since July 2023, reflecting the ongoing challenges the dollar faces in the global market. A weakening dollar often raises expectations that it might be a positive sign for stocks. After all, when the dollar falls, it can make US exports cheaper and encourage foreign investment. However, this time, the context is quite different.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153703/IMG_6980-1024x520.png" alt="" class="wp-image-872963" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153703/IMG_6980-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153703/IMG_6980-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153703/IMG_6980-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153703/IMG_6980-1536x780.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153703/IMG_6980.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Screenshot via TradingView User NoticeTrades
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The primary catalyst for this shift is the growing trade tensions between the US and China. The imposition of tariffs has made the US a riskier proposition for foreign investors. As the tariffs take their toll on global supply chains, many countries are starting to reassess their relationship with the US, leading to a more cautious global market outlook. The current economic turbulence is far more complex than simply viewing the weaker dollar as a positive for equities.
The bond market is selling off right in the middle of a stock market meltdown. The U.S. is currently being viewed as a risk to the rest of the world, and it's momentarily breaking the usual mechanics of the market.
Stocks are falling because tariffs are expected to impact the real economy. Under normal circumstances, when stocks drop, we'd typically see a flight to safety—investors rushing into U.S. Treasuries, viewing them as a safe haven. That demand would usually drive bond prices up and yields down.
But this time, that flight to safety isn't happening. Instead, yields are rising, signaling a potential shift in how the market is interpreting risk.
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
With the dollar weakening, stock prices falling, and bonds losing their usual safe haven appeal, the question on everyone's mind is: What's keeping Bitcoin afloat? Could we be witnessing the beginning of a broader financial shift where traditional assets, like the US dollar and government bonds, lose their status as safe havens in favor of alternatives like Bitcoin? The resilience of Bitcoin amidst this turmoil suggests that a significant shift in the financial landscape may be underway.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="520" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153739/IMG_6981-1024x520.png" alt="" class="wp-image-872966" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153739/IMG_6981-1024x520.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153739/IMG_6981-300x152.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153739/IMG_6981-768x390.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153739/IMG_6981-1536x780.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/15153739/IMG_6981.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Screenshot via TradingView User NoticeTrades
Bitcoin as a Hedge: A Shift in Narrative?
As traditional markets falter, Bitcoin is showing signs of strength—and possibly stepping into a new role as a macro hedge. <a href="https://www.vaneck.com/us/en/blogs/investment-outlook/our-portfolio-managers-weigh-impact-of-trumps-tariffs/">A recent VanEck report</a> highlights several factors supporting this shift.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
First, a dovish turn in Fed policy and rising liquidity historically benefit Bitcoin. Continued weakness in the U.S. Dollar Index could also reinforce the "Bitcoin-as-a-hedge" narrative, especially in a fragmented geopolitical climate.
Notably, while 10-year Treasury yields surged this week, Bitcoin remained stable. Unlike in 2022, rising yields didn't trigger forced liquidations or volatility, suggesting BTC may be decoupling from old macro sensitivities.
On-chain and ETF data support this resilience. Despite recent volatility, U.S.-listed spot Bitcoin ETFs are net positive ~$600 million YTD, with renewed inflows in March.
Finally, moves by China or the EU to bypass dollar-based systems could further legitimize Bitcoin as an alternative financial rail in a shifting global order.
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Personal Finance

What's Keeping Bitcoin Afloat as DXY, US Stocks, and Bonds Sink? A Dive Into The Resilience of BTC

CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) posted weaker-than-expected first-quarter results after <a href="https://www.benzinga.com/quote/CSX/earnings">Wednesday&#8217;s closing bell</a>.
CSX reported quarterly GAAP earnings of 34 cents per share, which missed the analyst consensus estimate of 37 cents. Quarterly revenue came in at $3.42 billion, missing the $3.46 billion consensus estimate, as declines in coal revenue, fuel surcharge and merchandise volume were only partially offset by the effects of higher merchandise pricing and growth in intermodal volume.
"CSX faced operational challenges to start the year, which contributed to first quarter results that did not meet our expectations," said Joe Hinrichs, president and CEO of CSX. "In response, our talented and dedicated team of railroaders are working together to lift our performance and drive success through an uncertain market outlook. We are taking targeted actions to address the network constraints posed by two major ongoing infrastructure projects, and we remain committed to safely and reliably serving our customers."
CSX shares gained 1.6% to trade at $27.79 on Thursday.
These analysts made changes to their price targets on CSX following earnings announcement.
<ul>
<li>B of A Securities analyst Ken Hoexter maintained CSX with a Neutral and lowered the price target from $33 to $30.</li>
<li>Stifel analyst Benjamin Nolan maintained CSX with a Buy and lowered the price target from $34 to $33.</li>
</ul>
Considering buying CSX stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="594" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17093959/image-22-1024x594.png" alt="" class="wp-image-876779" style="width:548px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17093959/image-22-1024x594.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17093959/image-22-300x174.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17093959/image-22-768x446.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17093959/image-22.png 1087w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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</ul>
Photo via Shutterstock

Pre-Market Outlook

Markets

These Analysts Slash Their Forecasts On CSX After Weak Earnings

NEW YORK, April 17, 2025 (GLOBE NEWSWIRE) -- Progyny (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>), a global leader in women's health and family building, today announced the appointments of Melissa Cummings as the company's first Chief Operating Officer (COO) and Geoffrey Clapp as its first Chief Product Officer (CPO). The additions to the executive leadership team will extend Progyny's ability to further drive operational excellence, advance innovation in product design and member experience, and continue to address care gaps and unmet needs across the spectrum of family building and women's health – from preconception to fertility and menopause.

Management

PGNY

Progyny Appoints Melissa Cummings as COO and Geoffrey Clapp as Chief Product Officer

JP Morgan analyst Samik Chatterjee maintains Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) with a Neutral and lowers the price target from $45 to $39.

SMCI

JP Morgan Maintains Neutral on Super Micro Computer, Lowers Price Target to $39

Acquisition to strengthen energy and commodity trading and risk management (E/CTRM) capabilities for Infosys
BENGALURU, India and HOUSTON, April 17, 2025 /PRNewswire/ -- <a href="http://www.infosys.com/">Infosys&nbsp;</a>((NSE, BSE, NYSE:<a href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>) a global leader in next-generation digital services and consulting, today announced a definitive agreement to acquire <a href="https://mre-consulting.com/">MRE Consulting Ltd</a>. ('MRE Consulting'), a technology and business consulting service provider. This strategic investment brings newer capabilities for Infosys in trading and risk management, especially in the energy sector.
The acquisition is expected to close during the first quarter of fiscal year 2026 (i.e. quarter ending June 30, 2025), subject to customary closing conditions.
 &nbsp;

INFY

Infosys Announces Definitive Agreement To Acquire MRE Consulting; Terms Not Disclosed; Deal Expected To Close During Q1 2026

JP Morgan analyst Samik Chatterjee maintains Sensata Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ST#NYSE">ST</a>) with a Underweight and lowers the price target from $27 to $21.

JP Morgan Maintains Underweight on Sensata Technologies, Lowers Price Target to $21

JV to accelerate business process transformation for enterprises leveraging digital procurement platforms
BENGALURU, India and TOKYO, April 17, 2025 /PRNewswire/ --&nbsp;<a href="https://www.infosys.com/en.html">Infosys</a>&nbsp;((NSE, BSE, NYSE:<a href="https://www.benzinga.com/stock/INFY#NYSE">INFY</a>), a global leader in next-generation digital services and consulting, today announced&nbsp;<a href="https://apc01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.mhi.com%2F&amp;data=05%7C02%7CRajarshi.Basu%40infosys.com%7C87a3d3170dab4788f6cb08dd7caec991%7C63ce7d592f3e42cda8ccbe764cff5eb6%7C0%7C0%7C638803812329704575%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&amp;sdata=P%2F9HkVUDXC24Le8Ic2myHKULMuLe4kZisniZz8E11vo%3D&amp;reserved=0">Mitsubishi Heavy Industries</a>&nbsp;(MHI) has invested in the Infosys-led Joint Venture HIPUS, enhancing Infosys' presence in Japan. MHI is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense, and has established corporations like Hitachi Ltd., Panasonic Corporation and Pasona.

Mitsubishi Heavy Industries Invests In Infosys-led JV HIPUS, Enhancing Infosys' Presence In Japan

JP Morgan analyst Samik Chatterjee maintains NetApp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTAP#NASDAQ">NTAP</a>) with a Overweight and lowers the price target from $153 to $113.

NTAP

JP Morgan Maintains Overweight on NetApp, Lowers Price Target to $113

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) has been trading sideways over the past 30 days, prompting a debate about when the <a href="https://www.benzinga.com/money/bitcoin-price-prediction">next strong trend will emerge</a>.
What Happened: On-chain analytics firm CryptoQuant on Wednesday <a href="https://x.com/cryptoquant_com/status/1912572692143780303">analyzed</a> the sell-side pressure impacting Bitcoin over the past two weeks. 
Contrary to popular belief, whales are not dumping. 
Instead, short-term holders are driving the recent pullbacks, creating turbulence without substance.
The data from its Exchange Inflow Age/Value Bands shows that short-term holders are the main source, offloading an average of around 930 BTC per day, compared to just around 529 BTC/day from long-term holders, who remain largely unfazed.
The on-chain data also provided a breakup based on wallet size showing that the retail and mid-sized cohorts: shrimps to sharks are doing most of the selling, while whales have barely budged, moving only around 70 BTC/day.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="339" height="125" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17081826/image-20.png" alt="" class="wp-image-876519" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17081826/image-20.png 339w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17081826/image-20-300x111.png 300w" sizes="(max-width: 339px) 100vw, 339px" /></figure>
Source: CryptoQuant
Overall, this correction is a typical Bitcoin shakeout, according to CryptoQuant, triggered by jittery retail participants responding to stagnant price action and low volatility and not a smart money exodus.
Also Read: <a href="https://in.benzinga.com/markets/cryptocurrency/25/04/44816420/trump-administration-is-only-looking-to-accumulate-bitcoin-bo-hines-says">Trump Administration Is &#8216;Only Looking To Accumulate&#8217; Bitcoin, Bo Hines Says</a>
Why It Matters: Crypto trader Altcoin Sherpa echoed the sentiment, describing the market as "boring" with no clear breakout levels or direction in the short term. 
"Feels like one of those ‘could go up or down' zones," he said, noting that altcoins remain choppy too.
<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">somewhat boring price action right now, no real clear path or levels for <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> in the short term imo. mostly just &#39;number can go up or it can go down&#39;. Definitely some interesting daily runners in the altcoin market here and there but a bit choppy last day or two. stay on ur toes <a href="https://t.co/AShfHoh6BG">pic.twitter.com/AShfHoh6BG</a>
&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1912777935620092060?ref_src=twsrc%5Etfw">April 17, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, Cold Blooded Shiller <a href="https://x.com/ColdBloodShill/status/1912791604756181163">pointed</a> to Bitcoin consolidating near a potential crossover zone, suggesting a larger move could be brewing. While the broader trend remains bearish, he sees the current range as a healthy setup for potential upside—if macro conditions cooperate.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44842080/could-bitcoin-bonds-solve-the-14-trillion-us-debt-burden-vaneck-says-its-possible">Could Bitcoin Bonds Solve The $14 Trillion US Debt Burden? VanEck Says It&#8217;s Possible</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$BTC

Bitcoin Stuck Below $85,000: Bull Run Shakeout Or Bearish Downtrend?

JP Morgan analyst Samik Chatterjee maintains Motorola Solutions (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>) with a Overweight and lowers the price target from $570 to $515.

JP Morgan Maintains Overweight on Motorola Solutions, Lowers Price Target to $515

Stifel analyst Tore Svanberg maintains Monolithic Power Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MPWR#NASDAQ">MPWR</a>) with a Buy and lowers the price target from $1100 to $880.

MPWR

Stifel Maintains Buy on Monolithic Power Systems, Lowers Price Target to $880

JP Morgan analyst Samik Chatterjee maintains Mobileye Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBLY#NASDAQ">MBLY</a>) with a Underweight and lowers the price target from $11 to $10.

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