President Donald Trump has canceled plans to <a href="https://www.benzinga.com/news/25/03/44253100/trump-slaps-50-tariff-on-canadian-steel-aluminum-threatens-auto-industry">increase tariffs on Canadian steel and aluminum</a> imports to 50%, White House trade advisor Peter Navarro confirmed on Tuesday.



What Happened: The reversal came hours after Trump announced the tariff hike in response to Ontario&#8217;s 25% tax on electricity exports to the U.S., which itself was retaliation for Trump&#8217;s earlier 25% tariffs on Canadian imports.



&#8220;We&#8217;re not going to see 50% tariffs come tomorrow,&#8221; Navarro <a href="https://www.cnbc.com/2025/03/11/trump-raises-canadian-steel-aluminum-tariffs-to-50percent-in-retaliation-for-ontario-energy-duties.html">told</a> CNBC, praising Commerce Secretary Howard Lutnick for negotiating the resolution.



Ontario Premier Doug Ford agreed to pause the electricity surcharge following discussions with Lutnick. According to a joint statement, the two officials will meet Thursday in Washington to discuss a &#8220;renewed&#8221; trilateral trade agreement.



Ford had earlier threatened to shut off Ontario&#8217;s energy supply to Michigan, New York and Minnesota if Trump &#8220;continues to hurt Canadian families,&#8221; warning of a potential &#8220;Trump recession.&#8221;



See Also: <a href="https://www.benzinga.com/25/03/44260839/tech-stocks-bitcoin-strongly-rebound-as-ukraine-backs-us-proposal-for-30-day-ceasefire-with-russia">Markets Bounce As Ukraine Expresses Readiness For 30-Day Ceasefire Proposal With Russia</a>



Why It Matters: The de-escalation came amid market concerns, with the Dow Jones Industrial Average tracked by SPDR Dow Jones Industrial Average ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) dropping more than 500 points following Trump&#8217;s initial announcement, extending recent losses driven by <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44258002/wall-street-drop-deepens-as-trade-war-fears-escalate-sp-500-hits-7-month-lows-whats-driving-markets-tuesday">tariff fears and recession concerns</a>.



The trade dispute coincides with a political transition in Canada, where Mark Carney recently won the Liberal Party leadership to succeed Justin Trudeau as prime minister. Carney has pledged to <a href="https://www.benzinga.com/news/25/03/44213871/canadas-next-pm-mark-carney-vows-to-win-trade-war-with-trump-says-americans-should-make-no-mistake">maintain retaliatory measures</a> &#8220;until the Americans show us respect.&#8221;



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/news/25/03/44263206/warren-buffett-rakes-in-607-million-while-elon-musk-jeff-bezos-and-other-top-moneybags-bleed-67-bill">Warren Buffett Rakes In $607 Million While Elon Musk, Jeff Bezos, And Other Top Moneybags Bleed $67 Billion In A Day Amid Market Wipeout</a></li>
</ul>



Image Via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

News

Economics

Markets

Trump Scraps 50% Tariff Hike On Canadian Steel, Aluminum After Lutnick Talks With Ontario Premier

On Tuesday, Cathie Wood&#8216;s Ark Invest executed notable trades, including significant activity involving Tempus AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>), Block Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>), and DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>). These trades come amid a backdrop of market volatility and strategic repositioning by Ark Invest.



The Tempus AI Trade



Ark Invest&#8217;s ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>) made a substantial purchase of 94,251 shares of Tempus AI, valued at approximately $4.29 million, based on the closing price of $45.58. Tempus AI recently reported its fourth-quarter earnings, revealing a revenue miss but an earnings-per-share beat. Despite the revenue shortfall, the company provided strong guidance, which may have influenced Ark&#8217;s decision to increase its stake.



In a recent market environment characterized by a tech sector downturn, Ark has been actively acquiring shares in companies like Tempus AI. Amid Monday&#8217;s tech stock meltdown, Wood had <a href="https://www.benzinga.com/25/03/44239652/cathie-wood-goes-on-shopping-spree-amid-tech-bloodbath-monday-loads-up-on-tesla-palantir-coinbase-and-these-stock">acquired Tempus AI stock</a> worth $13.23 million.



The Block Trade



On the same day, Ark Invest&#8217;s ARKK ETF sold 203,659 shares of the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)-focused company Block — amounting to approximately $11.26 million at the closing price of $55.29. Block&#8217;s recent earnings report <a href="https://in.benzinga.com/news/earnings/25/02/43867724/block-shares-sink-after-q4-revenue-miss-ceo-jack-dorsey-expects-to-end-year-at-rule-of-40-run-rate">showed a revenue miss</a>.



Despite the revenue miss, Block&#8217;s CEO, Jack Dorsey, remains optimistic about achieving a &#8220;Rule of 40&#8221; run rate by the end of the year.



The DraftKings Trade



Ark Invest also reduced its holdings in DraftKings by selling 23,195 shares from the ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), valued at approximately $896,718, based on the closing price of $38.66. DraftKings recently reported its fourth-quarter earnings, which included a <a href="https://www.benzinga.com/general/sports-betting/25/02/43748897/draftkings-lost-some-games-but-won-the-quarter-analyst">revenue miss</a> during a challenging period for the sports betting industry.



Despite the revenue miss, analysts have highlighted DraftKings&#8217; resilience and potential for future growth. 



Other Key Trades:



<ul>
<li>Sold shares of Roku (ROKU) from the ARKF, ARKQ, and ARKK.</li>



<li>Bought shares of Ibotta Inc. (IBTA) for the ARKF  and ARKW.</li>



<li>Sold shares of Roblox Corp. (RBLX) from the ARKF, ARKK, and ARKW ETFs.</li>



<li>Sold shares of CareDx Inc. (CDNA) from the ARKG ETF.</li>



<li>Bought 6,495 shares of CRISPR Therapeutics AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSP#NASDAQ">CRSP</a>) for the ARKK and ARKG ETFs.</li>
</ul>



Image via Shutterstock



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/25/03/44266805/trump-turns-white-house-into-tesla-showroom-says-elon-musk-was-treated-very-unfairly-heres-the-car-he-picked-for-himself">Trump Turns White House Into Tesla Showroom, Says Elon Musk Was &#8216;Treated Very Unfairly&#8217; — Here&#8217;s The Car He Picked For Himself</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

$BTC

ARKK

ARKW

CRSP

DKNG

Cathie Wood's Ark Invest Continues To Load Up On Tempus AI, Dumps Bitcoin-Focused Block In Tech Meltdown Aftermath

As Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) reportedly <a href="https://in.benzinga.com/tech/25/03/44211544/apple-breaks-tradition-with-a-flood-of-new-releases-explores-smart-glasses">rethinks its strategy</a> for AR wearables, Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google is doubling down with a possible $115 million acquisition of eye-tracking startup AdHawk Microsystems.



What Happened: Google is in final talks to acquire AdHawk, a Canadian startup specializing in advanced eye-tracking hardware and software, <a href="https://www.bloomberg.com/news/articles/2025-03-11/google-googl-is-poised-to-acquire-eye-tracking-startup-adhawk-for-glasses?utm_medium=email&amp;utm_source=author_alert&amp;utm_term=250311&amp;utm_campaign=author_19842959&amp;sref=9hGJlFio">reported</a> Bloomberg on Tuesday, citing people with knowledge of the matter.



The reported deal includes $15 million in performance-based payments and is expected to close this week.



See Also: <a href="https://www.benzinga.com/general/entertainment/25/03/44212936/eddy-cue-praises-severance-for-breaking-through-the-noise-globally-says-apple-tv-isnt-going-to-throw-20-shows-on-the-wall-hoping-one-will-stick">Eddy Cue Praises &#8216;Severance&#8217; For Breaking Through The Noise Globally, Says Apple TV+ Isn&#8217;t Going To Throw 20 Shows On The Wall Hoping One Will Stick</a>



Founded in 2017, AdHawk developed MindLink smart glasses and low-power components that can track eye movements.



AdHawk's staff is expected to join Google's Android XR team, the report noted. Google's team is already working on software for next-gen headsets, including a <a href="https://www.benzinga.com/25/01/43151196/samsung-google-team-up-to-develop-ar-glasses-entering-the-race-against-meta-and-apple">joint device</a> with Samsung Electronics Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSNLF#OTC">SSNLF</a>).&nbsp;



Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.



Why It's Important: The acquisition underscores <a href="https://www.benzinga.com/news/23/03/31376205/what-went-wrong-with-google-glass-enterprise-inside-look-at-the-discontinued-ar-project">Google's renewed focus</a> on augmented reality. In 2023, the tech giant had halted the sales of its Google Enterprise smart glasses and discontinued software support.



Meanwhile, AdHawk has been available in the market for several years. In fact, in 2022, Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) explored the possibility of acquiring it.



Apple is also said to be exploring a new design for lightweight glasses by 2030 after the Vision Pro's <a href="https://www.benzinga.com/news/24/07/39747111/apples-vision-pro-struggles-to-find-its-killer-app-to-justify-3-500-price-tag-just-not-quite-hit-the">lukewarm reception</a>.&nbsp;



Price Action: As of this writing, Alphabet's Class A shares rose 0.11% in after-hours trading to $164.23, while Class C shares climbed 0.096% to $166.14. Apple's stock closed Tuesday's regular session at $220.84, down 2.92%, but edged up 0.10% in after-hours trading, according to the <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.



Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.



Image via Shutterstock



Read Next:



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<li><a href="https://www.benzinga.com/media/25/03/44207932/apple-delays-next-gen-siri-its-going-to-take-us-longer-than-we-thought-to-deliver-ai-upgrades" target="_blank" rel="noreferrer noopener">Apple Delays Next-Gen Siri: ‘It's Going To Take Us Longer Than We Thought' To Deliver AI Upgrades</a></li>
</ul>

Tech

Media

AAPL

GOOG

GOOGL

SSNLF

Apple's AR Glasses Approach Aside, Google Makes Its Move On Eye-Tracking Tech With $115 Million AdHawk Acquisition: Report

Markets bounced back in early afternoon trading Tuesday as Ukraine signaled its readiness to accept a U.S.-backed proposal for a 30-day ceasefire, an agreement that could be extended <a href="https://www.benzinga.com/topic/ukraine">if both sides comply.</a>



While the plan still hinges on Russia's acceptance, investors saw the development as a step toward de-escalation, triggering a relief rally in the riskiest assets, such as stocks and cryptocurrencies.



According to a joint U.S.-Ukraine <a href="https://www.president.gov.ua/en/news/spilna-zayava-za-pidsumkami-zustrichi-delegacij-ukrayini-ta-96553">statement</a> released Tuesday, both nations made "important steps" toward securing durable peace in Ukraine. The statement praised the resilience of the Ukrainian people and underscored the urgency of beginning a long-term negotiation process.



<h3 class="wp-block-heading">Stocks and Bitcoin Jump on De-Escalation Hopes</h3>



Markets responded swiftly to the news. The Nasdaq 100, tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), reversed earlier losses and surged more than 400 points from its intraday low, closing up 0.7% for the session. 



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) climbed over 6%, snapping a five-day losing streak as risk appetite returned. The largest cryptocurrency changed hands at $83,320 by 3 p.m. in New York.



As per <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a> data, large-cap stocks witnessing the most substantial gains over the past hour of trading included:



<ul>
<li>Astera Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) up 5.13%</li>



<li>AppLovin Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APP#NASDAQ">APP</a>) up 4.45%</li>



<li>FTAI Aviation Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTAI#NASDAQ">FTAI</a>) up 4.19%</li>



<li>SailPoint Technologies Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAIL#NYSE">SAIL</a>) up 4.16%</li>



<li>Reddit Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) up 4.01%</li>



<li>Vertiv Holdings Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) up 3.80%</li>



<li>Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) up 3.65%</li>



<li>Affirm Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) up 3.63%</li>
</ul>



<h3 class="wp-block-heading">What's In The Ceasefire Plan?</h3>



The U.S.-backed ceasefire proposal calls for an immediate, interim 30-day truce between Ukraine and Russia that could be extended by mutual agreement. The deal hinges on Russian participation, with the U.S. set to communicate that Russian reciprocity is key to achieving peace.



Additionally, the U.S. announced it would lift its pause on intelligence sharing and resume security assistance to Ukraine. The agreement also prioritizes humanitarian relief, including the exchange of prisoners of war, the release of civilian detainees, and the return of Ukrainian children who were forcibly transferred.



U.S. Secretary of State Marco Rubio said Ukraine has taken a "positive step" and expressed hope that Russia would reciprocate.



Beyond the immediate military considerations, the U.S. and Ukraine also agreed to finalize a comprehensive agreement on Ukraine's critical mineral resources. 



Read now: 



<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44255030/nasdaq-100-trades-below-its-200-day-moving-average-history-says-you-should-buy-the-dip-now">Nasdaq 100 Trades Below Its 200-Day Moving Average: History Says You Should Buy The Dip Now</a></li>
</ul>



Photo: Shutterstock

Cryptocurrency

Equities

Macro Economic Events

Global

AFRM

ALAB

COIN

FTAI

RDDT

SAIL

TSLA

Markets Bounce As Ukraine Expresses Readiness For 30-Day Ceasefire Proposal With Russia

Kohl's Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) on Tuesday joined other major retailers in painting a grim picture of the state of the American consumer. In fact, Kohl's said it expects sales to decline by 5% to 7% in fiscal 2025, due in part to <a href="https://www.benzinga.com/government/regulations/25/03/44171377/retailers-warn-of-price-increases-due-to-trump-tariffs-as-consumer-health-concerns-persist">"constrained" shoppers. </a>



What To Know: U.S. consumers have faced steady inflation following the pandemic and are trading down across categories including clothing and discretionary items due to high prices. Low-income households are particularly affected, with many opting for cheaper brands or smaller quantities.&nbsp;



Read Next: <a href="https://www.benzinga.com/news/large-cap/25/03/44253259/uncertainty-rocks-the-trump-trade-how-maga-seven-stocks-look-now">Uncertainty Rocks The Trump Trade: How &#8216;MAGA Seven&#8217; Stocks Look Now</a>



Kohl's CEO Ashley Buchanan said on the company's earnings call that much of the retailer's customer base is under pressure from recent increases in rent, housing and groceries costs.&nbsp;



"If you're making less than 50 [thousand], that consumer is pretty constrained from a discretionary standpoint. If you're making less than 100 [thousand], it's also pretty challenging. And you see that very clearly in numbers," Buchanan told analysts.&nbsp;



The Kohl's CEO also noted consumers are seeking more value in their purchases, "and that will probably expand probably across income cohorts over the next probably three or four months," Buchanan said.&nbsp;



Other retailers like Best Buy Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBY#NYSE">BBY</a>) and Target Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGT#NYSE">TGT</a>) spoke to increased price sensitivity and weaker consumer confidence in their 2025 outlooks last week.&nbsp;



&#8220;The giant wild card here, obviously, is how the consumers are going to react to the price increases, in light of a lot of price increases potentially throughout the year and a general consumer confidence that is showing little signs of weakness at the moment,&#8221; Best Buy CFO Matt Bilunas said on the company's earnings call.&nbsp;



KSS Price Action: Kohl's shares took a big hit following the company's fourth-quarter earnings report on Tuesday, but the stock achieved a 95.93/100 Value rating according to Benzinga Edge Rankings.&nbsp;



<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/quote/kss"><img loading="lazy" decoding="async" width="1024" height="247" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings-1024x247.jpg" alt="" class="wp-image-819497" style="width:920px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings-1024x247.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings-300x72.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings-768x185.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11155638/kss-edge-rankings.jpg 1410w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>



Learn more about BZ Edge Rankings — click<a href="https://www.benzinga.com/quote/WMT"> here to see</a> how Walmart&#8217;s Momentum and Value scores compare.&nbsp;



Read Next:



<ul>
<li><a href="https://www.benzinga.com/general/social-media/25/03/44098232/markets-tank-after-trump-confirms-more-tariffs-heres-what-wall-street-is-saying">Markets Tank After Trump Confirms More Tariffs: Here&#8217;s What Wall Street Is Saying</a></li>
</ul>



Image: Shutterstock

Earnings

Guidance

Retail Sales

Movers

Kohl's CEO Warns Of 'Pretty Challenging' Environment For Consumers

Last week we talked about Benzinga's proprietary "BBP" indicator, which stands for the Bull/Bear Pivot level and how it helps traders know where a stock is headed next.



The BBP level examines the option positioning for any ticker and determines the exact point (or price) where the calls are in control above that level, or the puts are in control below that level.



It essentially notifies traders who have access to it, before the market opens every day, at what price do we need to be bullish above and at what price we need to be bearish below.



Today, let's take a look at what the BBP level tells us about Tesla Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recent woes and where the stock is headed next.



<h2 class="wp-block-heading">Notional Gamma Positioning for TSLA</h2>



Looking at the chart below, we see the pink bars on the left (notional gamma for puts) and the blue bars on the right (notional gamma for calls).



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="539" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170225/echarts-3-1024x539.png" alt="" class="wp-image-819576" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170225/echarts-3-1024x539.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170225/echarts-3-300x158.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170225/echarts-3-768x404.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170225/echarts-3.png 1463w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



If you start from the top of the chart, you can see the blue bars (calls) have a mild amount of control until we hit 300. That 300 strike is our BBP for $TSLA right now. This means we are below the BBP level.



When a ticker is below the BBP level, puts are in control.



When puts are in control, it generally translates into the following key points:



<ol>
<li>Volatility is more likely to express itself</li>



<li>Dealers will trade with the market, meaning if the market goes down, dealers will sell, and if the market goes up, dealers will buy (&#x2A;we cover this extensively in the Benzinga Options School lessons regarding option dealer and market maker hedging)</li>



<li>Because of the above two points, stops have to be larger</li>



<li>Most importantly, if we're long TSLA shares, we should start hedging while below the BBP level</li>



<li>Another key point is we do not look for longer dated bullish exposure (shares or options) while below the BBP level</li>
</ol>



Hence, while TSLA is below the BBP level, traders should avoid long calls/call spreads or buying shares.



That's why I'm not ready to call a bottom in $TSLA. This is very important as it showcases the importance of knowing the BBP level for each ticker you trade and what that is each day.



BBP levels can change as the market moves. If the market goes lower, BBP's can slide lower as option positioning changes. As the market moves upward, that BBP level likely will climb higher as the shuffling of positions will determine where and at what price puts will gain control below and calls maintain control above.



This is why access to the BBP level every day is so important. It determines whether you're bullish or bearish, whether you need to hedge below the BBP or maintain long exposure.



How has $TSLA fared while below our BBP level of $300?



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="502" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170440/TSLA_2025-03-08_07-36-36-1-1024x502.png" alt="" class="wp-image-819580" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170440/TSLA_2025-03-08_07-36-36-1-1024x502.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170440/TSLA_2025-03-08_07-36-36-1-300x147.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170440/TSLA_2025-03-08_07-36-36-1-768x377.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170440/TSLA_2025-03-08_07-36-36-1-1536x753.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11170440/TSLA_2025-03-08_07-36-36-1.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



5-minute TSLA chart



Looking at the chart above, you can see that since TSLA has been below the $300 BBP level, it's been mostly bearish price action. I've been telling my <a href="https://www.benzinga.com/premium/ideas/benzinga-options-school-webinar//?el=ResearchDaily&amp;he={{email}}&amp;adt_ei={{email}}&amp;utm_adType=ArticleAd&amp;utm_ad=RD0312&amp;utm_campaign=BZOptionsSchool">Benzinga Options School</a> and <a href="https://www.benzinga.com/premium/ideas/trading-waves-30-day-trial-49/?el=ResearchDaily&amp;he={{email}}&amp;adt_ei={{email}}&amp;utm_adType=ArticleAd&amp;utm_ad=RD0312&amp;utm_campaign=TradingWaves">Trading Waves</a> members for over a week now that the BBP level is at $300, and that until we get a daily close above, we avoid looking for bullish positions.



We even got a retest last Monday at $300, only to fail to close above it. TSLA has fallen over 12% since. If you had access to the BBP level, you'd have completely avoided any dip buying, and like many of our members/traders, added bearish positions which have profited handsomely since then. If you'd like to learn about what price and when that signal will come, you can do so via becoming a member of the Benzinga Option School or Trading Waves services. I look forward to seeing you there!



Photo: Shutterstock

Opinion

Trading Ideas

Here's When TSLA's Crash Will Finally Stop

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock suffered one of its biggest one-day falls Monday with <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44235956/tesla-bloodbath-to-continue-hedge-funder-says-musk-circus-could-lead-to-stock-dropping-95">shares down 15%.</a>



Despite the short-term pressure — <a href="https://www.benzinga.com/news/25/03/44209579/unprecedented-slide-tesla-sales-plummet-45-in-europe-as-musks-net-worth-dives-5-2b-in-a-week">declining sales</a>, protests and CEO Elon Musk's time commitment to the Department of Government Efficiency — a well-known analyst remains optimistic.



Wedbush: Tesla stock and the thesis has been here many times before, Wedbush analyst Daniel Ives said in a new investor note.



"Today's brutal Tesla sell-off will go down in the history books for Tesla investors and a painful day for the bulls (including us)," Ives said in a note Monday.



Despite the selloff and protests at Tesla dealerships over the weekend, Ives&#8217; thesis and bullish view remain unchanged. He maintained an Outperform rating and price target of $550, which was announced<a href="https://www.benzinga.com/markets/equities/25/01/43150976/dan-ives-raises-tesla-price-target-to-550-sees-golden-era-for-elon-musk-under-trump-sees-bull-case-upside-of-over-56-if-optimus-robot-counted-in-valuation"> previously in January.</a>



According to Ives, the protests and violence at dealerships, plus Musk&#8217;s involvement in the Trump administration with DOGE, are distractions. As a result, it&#8217;s a "horrific 2025" for Tesla to date, he said.



"If every time we threw in the white towel on the Tesla name when it got hot in the kitchen, we would have missed one of the most transformational growth stories in modern history,&#8221; he added.



Ives said it is not a pleasant time for Tesla bulls. The Musk/DOGE distractions and brand issues are creating a "black cloud" over Tesla stock.



"This is a gut check moment for the Tesla bulls (including ourselves) after this massive sell-off in Tesla shares with fears mounting/accelerating,&#8221; Ives said. He expects Musk to <a href="https://www.benzinga.com/markets/25/03/44242181/elon-musk-admits-juggling-between-tesla-doge-is-difficult-says-running-businesses-with-great-difficulty-a">better balance his time</a> between DOGE, Tesla and SpaceX over the rest of 2025, and concerns over his distractions to fade.



"We continue to believe the best thing that ever happened to Musk/Tesla was Trump in the White House as this will create a deregulatory environment with a federal autonomous roadmap central to the tesla strategic vision."



Ives said Tesla is still at the start of one of the biggest innovation and technology cycles in company history with a sub-$35,000 new vehicle, unsupervised FSD launching and autonomous vehicles.



The analyst said the new sub-$35,000 model could help "drive pent-up EV consumer demand globally and get Tesla back on the growth track."



Ives said the autonomous transition will be the biggest automotive industry transformation in modern day history with Tesla being a leader in the U.S. and globally.



"We believe autonomous and Optimus will represent 90% of the valuation of the Tesla story and create a company with a valuation that exceeds $2 trillion."



Read Also: <a href="https://www.benzinga.com/trading-ideas/25/03/44251937/ron-baron-brushes-off-elon-musk-tesla-valuation-concerns-were-investors-in-people-for-the-long-term">Ron Baron Brushes Off Elon Musk/Tesla Valuation Concerns: &#8216;We&#8217;re Investors In People For The Long Term&#8217;</a>



Canaccord Genuity: With declining sales in Europe and other parts of the world, concerns about demand for Tesla vehicles continues. This is something Canaccord analyst George Gianarikas might be trying to get a better handle on with a new consumer survey.



"A cavalcade of data has emerged in 2025 suggesting Tesla sales are quite sluggish thus far in the quarter," Gianarikas said.



The analyst maintained a Buy rating and price target of $404.



Canaccord is asking consumers to respond to a survey by Thursday, March 13 with a question of, "are you just as, more, or less likely to buy a Tesla than you were a year ago?"



The survey also asks which item is the biggest determining factor in being less or more likely to buy a Tesla with price and politics among the possible answers.



Some consumers might be delaying their Tesla purchases for the new Model Y, Gianarikas said. "We wonder whether purchase decision delays and production limitations are being misinterpreted as halted overall momentum for Tesla,&#8221; he added.



The poll results provide a better look at why consumers are less likely to buy a Tesla vehicle today.



Price Action: Tesla stock is up 2.3% on Tuesday to $227.25 versus a 52-week trading range of $138.80 to $488.54. Tesla stock is down 40.1% year-to-date in 2025 and up 28.0% over the last year.



Tesla stock is now trading below where it was when Trump won the 2024 election. Tesla stock closed at $251.44 on Nov. 5 and opened for trading at $284.67 on Nov. 6 after&nbsp;<a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election" target="_blank" rel="noreferrer noopener">Trump's victory was confirmed</a>.



The stock is down over 50% from all-time highs set in December.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44239714/teslas-101x-valuation-raises-alarm-as-gordon-johnson-warns-of-sales-slump-dan-ives-sees-ai-upside-despite-elon-musks-doge-distractions">Tesla&#8217;s 101x Valuation Raises Alarm As Gordon Johnson Warns Of Sales Slump, Dan Ives Sees AI Upside Despite Elon Musk&#8217;s DOGE Distractions</a></li>
</ul>



Image: Shutterstock

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Price Target

Reiteration

Analyst Ratings

Tesla Bulls Face 'Gut Check Moment' As Musk, DOGE Distract From Stock: Analyst

Under normal circumstances, e-commerce platform Shopify Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NYSE">SHOP</a>) would probably be a decisively net bullish idea. Fundamentally, the company has become one of the top avenues for retail transactions, particularly among younger customers. Unfortunately, <a href="https://www.benzinga.com/news/25/02/43667632/inflation-rises-in-january-housing-costs-up-adding-to-consumers-2025-concerns">consumer spending faces significant challenges</a> in the form of inflation and the <a href="https://www.benzinga.com/25/03/44221690/china-slaps-tariffs-on-us-soybeans-and-agricultural-products-canadas-pm-in-waiting-mark-carney-vows-trade-war-win-against-trump-tesla-falls-over-3-premarket-on-weak-deliveries-brand-concerns-top-headlines-while-the-us-slept">trade war</a>. With these realities in mind, investors may want to rethink the upside narrative of SHOP stock.



Primarily, one of the biggest (if not the biggest) headwind slamming against Shopify is the <a href="https://www.benzinga.com/content/44139359/consumer-spending-is-slowing-but-these-stocks-will-still-thrive">erosion of consumer spending</a>. After nearly a two-year period, the U.S. economy posted a contraction in the consumer spending rate for the first time. Inherently, this datapoint impacts the cyclical retail sector, which in turn clouds Shopify's core business.



Investors seeking relief have realized that they probably can't rely on the Trump administration, at least for near-term solutions. Earlier on Tuesday, President Donald Trump announced plans to <a href="https://www.benzinga.com/news/25/03/44253100/trump-slaps-50-tariff-on-canadian-steel-aluminum-threatens-auto-industry">impose an additional 25% tariff</a> on steel and aluminum imports from Canada, driving up the total levy to 50%.



It's not so much that the tariffs directly impact SHOP stock. Rather, it's that the White House appears willing to engage in an economic stare down, irrespective of certain consequences.



Nevertheless, <a href="https://www.benzinga.com/personal-finance/25/02/43748849/food-prices-are-expected-to-keep-rising-in-2025-ramsey-solutions-explains-why-grocery-prices-are-so-high-offers-tips-for-saving">not everything centers on the tariffs</a>. Households who have been struggling with high grocery bills can point the finger to a bird flu outbreak, extreme weather events and labor shortages. With these headwinds, some experts believe food prices will continue rising. If so, this dynamic will likely crimp discretionary spending further, thus weighing on SHOP stock.



<h2 class="wp-block-heading">Dip-Buying Sentiment Has Its Limits for SHOP Stock</h2>



Despite the troubles impacting Shopify's revenue streams, the market's discount certainly appears tempting. On a year-to-date basis, SHOP stock is down about 13.5%. In the trailing month, it has slipped roughly 26%. Nevertheless, investors historically have had a nuanced approach to dip-buying sentiments.



As a baseline, it's fair to say that SHOP stock enjoys an upward bias. Using pricing data since January 2019, any given eight-week long position has a 58.86% chance of being profitable. During this period, the median positive return clocks in at 20.22% while the median negative return lands at 10.79%. Assuming a starting price of $92, the projected range over eight weeks would be $82.08 to around $110.61.



When SHOP stock incurs sizable volatility up to 10% over a one-week period, there is evidence that investors buy such dips. Combined with the fundamentals of a normal economic cycle — that is, without trade wars, rising food inflation and other negative catalysts — SHOP would likely be a strong bullish candidate.



That's not what's happening here. Last week, SHOP stock lost 11.3% of equity value. Under this dynamic condition where SHOP loses between 10% and 20% in a one-week period, the risk-reward worsens considerably.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11143355/SHOP-stock-probability-gambit-1024x576.jpg" alt="" class="wp-image-819358" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11143355/SHOP-stock-probability-gambit-1024x576.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11143355/SHOP-stock-probability-gambit-300x169.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11143355/SHOP-stock-probability-gambit-768x432.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11143355/SHOP-stock-probability-gambit.jpg 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image by author</figcaption></figure>



Over an eight-week period, the chances of a long position being profitable following the aforementioned extreme-fear event is only 35.29%. Interestingly, the median positive return during this period is similar to the baseline at 25.72%. However, the median negative return falls to 23.8%.



In other words, from a statistical standpoint, uncertainty rises following extreme volatility, expanding the range of likely price outcomes. In addition, it's far less probable for the bulls to win out in the near term.



<h2 class="wp-block-heading">Two Trades on Tap for Shopify</h2>



Understanding the possibility of both an expanded price range and bearish activity, traders have two main approaches available with SHOP stock. First, they can buy a long iron condor, which anticipates rising volatility over time.



Specifically, the most aggressive long iron condor is the 75P &#x7C; 80P &#x7C;&#x7C; 95C &#x7C; 100C — or the combination of the 70/75 bear put spread and 95/100 bull call spread — for the options chain expiring April 17. Based on similar circumstances, SHOP stock could drop to either $72.47 or rise to $101.18, enough to trigger either short strike price ($75 or $100) at expiration. This would allow the speculator to collect the maximum reward.



However, one of the long iron condor's disadvantages is the expense: the trader is paying for two premiums. Instead, the most aggressive traders could choose to go directional with just a bear put spread.



For the same April 17 expiration date, a tempting trade would be the 90/85 bear put spread. This transaction involves buying the $90 put (at a $615 ask) and simultaneously selling the $85 put (at a $400 bid).



The proceeds from the short put partially offsets the debit paid for the long put, resulting in a cash outlay of $215. Should SHOP stock fall to or below the $85 short put strike at expiration, the trader can collect the maximum reward of $285, or a payout of about 132.6%.



Photo: Shutterstock

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Options

SHOP

Options Corner: Fading Consumer Spending Warrants Cautious Take On Shopify

Wall Street's losing streak extended into Tuesday, with stocks deepening their slump as continued trade war fears rattled investor sentiment. 



The Nasdaq 100 slipped 0.6% by midday trading in New York after suffering on Monday its worst single-day drop since September 2022<a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44255030/nasdaq-100-trades-below-its-200-day-moving-average-history-says-you-should-buy-the-dip-now"> in the prior session. </a>



The broader S&amp;P 500 slid to a seven-month low, amplifying concerns over the market's near-term trajectory.



The proportion of S&amp;P 500 stocks trading above their 200-day moving average has now shrunk to 44%, the lowest since November 2023. Each sector traded in the red, highlighting broad-based market weakness. 



The Dow Jones Industrial Average was the biggest underperformer on Tuesday, with industrial stocks bearing the brunt of escalating trade tensions.



On Tuesday, President Donald Trump escalated trade tensions by raising tariffs on Canadian steel and aluminum imports to 50%, responding to Ontario's move to levy a 25% tariff on <a href="https://www.benzinga.com/news/25/03/44253100/trump-slaps-50-tariff-on-canadian-steel-aluminum-threatens-auto-industry">electricity exports to the U.S. </a>



In a Truth Social post, Trump announced he had instructed the Commerce secretary to enforce the additional 25% tariff, which will take effect Wednesday morning.



On the macroeconomic front, job openings in the U.S. showed unexpected resilience, rising by 232,000 to 7.74 million in January from a downwardly revised 7.51 million in December. The reading exceeded market forecasts of 7.63 million, suggesting positive labor market news despite broader economic jitters.



The U.S. dollar continued its descent, with the dollar index slipping to six-month lows. Treasury yields edged higher ahead of Wednesday's closely watched inflation report for February, signaling that investors were not rushing into safe-haven bonds despite the ongoing market turbulence.



Commodities, meanwhile, found favor as investors sought inflation hedges. Gold advanced 1%, silver surged 2.3% and copper climbed 3%, reflecting renewed demand for tangible assets in a climate of heightened financial instability.



Bitcoin endured a wild session, initially plunging to an intraday low of $76,600 — its lowest level since Nov. 10, 2024 — before rebounding to post a 3.9% gain on the day.



<h1 class="wp-block-heading">Wednesday's Performance In Major U.S. Indices, ETFs</h1>



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Major Indices</td><td>Price</td><td>Chg %</td></tr><tr><td>Russell 2000</td><td>2,011.25</td><td>-0.4%</td></tr><tr><td>Nasdaq 100</td><td>19,305.23</td><td>-0.6%</td></tr><tr><td>S&amp;P 500</td><td>5,552.25</td><td>-1.1%</td></tr><tr><td>Dow Jones</td><td>41,296.00</td><td>-1.5%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 12:55 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;fell 1.2% to $553.88.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 1.5% to $413.04.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.6% to $469.56.</li>



<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) eased 0.7% to $199.32.</li>



<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) managed to contain losses, yet still down 0.9%; the&nbsp;Communication Services&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)&nbsp;was the worst sector performer, down 1.9%.</li>
</ul>



<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>



<ul>
<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) fell 3.3% after missing both <a href="https://www.benzinga.com/news/earnings/earnings-misses/25/03/44255998/oracles-q3-falls-short-but-ai-demand-keep-long-term-outlook-strong-say-analysts">earnings and revenue estimates last quarter</a>.</li>



<li>Other stocks reacting to corporate earnings report included: Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>)​, down 4.7%; Viking Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIK#NYSE">VIK</a>)​, <a href="https://www.benzinga.com/news/earnings/25/03/44254442/viking-holdings-beats-on-q4-earnings-says-88-passenger-cruise-days-for-fy25-already-booked">down </a>6.4%; DICK&#8216;S Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>)​, down 5.8% and Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>)​, down 3.6%,</li>



<li>Verizon Communications Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>) shares dropped 6.9% after the company acknowledged at a conference that the quarter has been &#8220;challenging from a competitive intensity standpoint.&#8221; Verizon expects first-quarter postpaid phone gross additions to remain flat or decline slightly compared<a href="https://www.benzinga.com/news/guidance/25/03/44250482/verizon-communications-stock-is-sliding-tuesday-heres-why"> to the same period last year</a>.</li>



<li>Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) <a href="https://www.benzinga.com/general/travel/25/03/44237055/delta-air-lines-cuts-q1-guidance-below-estimates-airline-stocks-fall">revised its first-quarter earnings-per-share guidance</a> downward to 30 cents to 50 cents from the previous 70 cents–$1 range. The airline also lowered its revenue growth forecast to 3%–4% from the earlier 7%–9% projection. Delta shares fell 8.5%.</li>
</ul>



Read now: 



<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44255030/nasdaq-100-trades-below-its-200-day-moving-average-history-says-you-should-buy-the-dip-now">Nasdaq 100 Trades Below Its 200-Day Moving Average: History Says You Should Buy The Dip Now</a></li>
</ul>



Photo: Shutterstock

Broad U.S. Equity ETFs

Econ #s

ETFs

CIEN

FERG

ORCL

Wall Street Drop Deepens As Trade War Fears Escalate, S&P 500 Hits 7-Month Lows: What's Driving Markets Tuesday?

The Nasdaq 100 index plunged 13% from its all-time highs set on Feb. 18, 2025, and now sits 4% below its 200-day moving average, a critical technical threshold that has historically <a href="https://www.benzinga.com/markets">signaled major buying opportunities.</a>



The sharp sell-off in big tech stocks has been fueled by mounting concerns over higher tariffs, slowing economic growth and sticky inflation, a combination that has spooked investors and led to aggressive de-risking.



<h1 class="wp-block-heading">Why Is The Nasdaq 100 Falling?</h1>



The Atlanta Fed's GDPNow model is forecasting a 2.4% economic contraction in the first quarter of 2025, a sharp reversal from its 2.3% growth estimate in mid-February.



Meanwhile, Goldman Sachs recently cut its 2025 U.S. GDP forecast from 2.4% to 1.7%, citing <a href="https://www.benzinga.com/25/03/44250477/goldman-sachs-slashes-2025-us-growth-forecast-as-tariff-risks-become-considerably-more-adverse">expectations of significantly higher tariffs.</a>



Ed Yardeni, president of Yardeni Research, says the market may have already entered a deeper downturn. 



"We can&#8217;t rule out that a bear market started on February 20. The risk now is that if the sell-off continues, the negative wealth effect will increase the odds of a recession, which would widen the federal budget deficit and increase the debt-to-GDP ratio," he said.



Not all analysts are pessimistic. Larry Tantarelli, chief technical strategist for Blue Chip Daily Trend Report, sees the potential for a sharp rebound. 



"This remains a very news-driven and highly volatile market. If there are any positive news catalysts, especially with regards to tariffs, then (NDX) could stage a sharp reversal," he said.



<h1 class="wp-block-heading">Nasdaq 100 Breaks Below 200-Day Moving Average</h1>



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11113716/image-68-1024x458.png" alt="" class="wp-image-819093" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11113716/image-68-1024x458.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11113716/image-68-300x134.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11113716/image-68-768x343.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11113716/image-68-1536x686.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11113716/image-68.png 1884w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Chart: <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>



<h1 class="wp-block-heading">Why The 200-Day Moving Average Matters</h1>



The 200-day moving average is one of the most widely followed technical indicators in financial markets. 



It represents the average closing price over the last 200 trading days and is often viewed as a dividing line between long-term bullish and bearish trends. 



Legendary investor Paul Tudor Jones once said, "My metric for everything I look at is the 200-day moving average of closing prices. I've seen too many things go to zero, stocks and commodities. The whole trick in investing is: ‘How do I keep from losing everything?' If you use the 200-day moving average rule, then you get out. You play defense, and you get out."



When the Nasdaq 100, which is tracked by Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), falls below this level it signals weakness, but historically, it has also provided strong buying opportunities.



<h1 class="wp-block-heading">What Happens After The Nasdaq 100 Breaks Below Its 200-Day Moving Average?</h1>



Historically, the Nasdaq 100 has bounced back strongly after falling below its 200-day moving average. 



In four of the last five instances, the index posted double-digit gains over the following months. 



The average three-month return across these instances is 11%, while the one-year return averages 29.4%, indicating that investors who bought during these breakdowns were often rewarded over time.



The exception was in 2022, when macroeconomic uncertainty and aggressive Fed tightening led to further losses, marking a prolonged bear market in tech stocks.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><thead><tr><th>Date</th><th>1-Month Forward</th><th>3-Month Forward</th><th>6-Month Forward</th><th>1-Year Forward</th></tr></thead><tbody><tr><td>March 10, 2023</td><td>+10.1%</td><td>+22.3%</td><td>+29.9%</td><td>+51.9%</td></tr><tr><td>Jan. 22, 2022</td><td>-6.4%</td><td>-6.0%</td><td>-17.8%</td><td>-22.2%</td></tr><tr><td>March 9, 2020</td><td>+5.7%</td><td>+24.4%</td><td>+39.3%</td><td>+61.1%</td></tr><tr><td>June 3, 2019</td><td>+12.8%</td><td>+8.4%</td><td>+19.2%</td><td>+35.0%</td></tr><tr><td>March 7, 2019</td><td>+8.4%</td><td>+10.9%</td><td>+8.1%</td><td>+21.3%</td></tr></tbody><tfoot><tr><td>Average</td><td>+6.1%</td><td>+11.0%</td><td>+15.7%</td><td>+29.4%</td></tr></tfoot></table><figcaption class="wp-element-caption">Source: TradingView</figcaption></figure>



<h1 class="wp-block-heading">Should Investors Buy The Dip?</h1>



The Nasdaq 100's decline below its 200-day moving average could mark a major buying opportunity, but investors should carefully assess the broader macroeconomic picture.



On one hand, history suggests market rebounds following similar declines have been strong, with double-digit returns in most cases.



On the other hand, risks remain elevated, including escalating tariffs, slowing economic growth, and uncertainty over the Federal Reserve's rate path.



For now, the next major catalyst will be<a href="https://www.benzinga.com/25/03/44246635/traders-brace-for-pivotal-february-inflation-data-as-stagflation-fears-weigh-on-wall-street-what-to-expect"> February&#8217;s inflation report.</a>



If upcoming Consumer Price Index numbers come in softer than expected, it could fuel optimism about potential rate cuts, sparking a relief rally. But if inflation remains stubbornly high, the market's downward trend could deepen.



Read now: 



<ul>
<li><a href="https://www.benzinga.com/25/03/44249926/stock-of-the-day-where-will-the-tesla-selloff-end">Stock Of The Day – Where Will The Tesla Selloff End?</a></li>
</ul>



Photo: iQoncept via Shutterstock

Nasdaq 100 Trades Below Its 200-Day Moving Average: History Says You Should Buy The Dip Now

President Donald Trump announced plans Tuesday morning to impose an additional 25% tariff on steel and aluminum imports from Canada, bringing the total levy to 50%.



What To Know: Trump made the statement on his <a href="https://truthsocial.com/@realDonaldTrump/114144217763824399">Truth Social platform</a>, accusing Canada of being one of the most protectionist economies in the world. The new tariffs are set to take effect on Wednesday.



Trump also warned that if Canada does not remove its <a href="https://www.benzinga.com/news/25/03/44213871/canadas-next-pm-mark-carney-vows-to-win-trade-war-with-trump-says-americans-should-make-no-mistake">existing tariffs</a>, he will significantly raise duties on cars imported from the country, a move he claims would cripple Canada's automotive sector.



Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44249696/anthony-scaramucci-says-bitcoin-is-digital-store-of-value-and-the-us-should-own-it">Anthony Scaramucci Says Bitcoin Is &#8216;Digital Store Of Value&#8217; And &#8216;The US Should Own It&#8217;</a>



US industries that rely on Canadian steel and aluminum—such as automotive, construction and aerospace—could face rising production costs, which may be passed on to consumers in the form of higher prices for cars, appliances, and infrastructure projects. 



Supply chain disruptions could also increase volatility in commodity markets, further straining businesses that depend on stable material costs.



What Else: Wall Street is anxiously awaiting <a href="https://www.benzinga.com/25/03/44246635/traders-brace-for-pivotal-february-inflation-data-as-stagflation-fears-weigh-on-wall-street-what-to-expect">Wednesday's inflation report</a>, hoping for signs of cooling price pressures amid mounting recession fears and a sharp market sell-off, with the Nasdaq 100 plunging 13% in just three weeks.



Read Also: <a href="https://www.benzinga.com/25/03/44249926/stock-of-the-day-where-will-the-tesla-selloff-end">Stock Of The Day – Where Will The Tesla Selloff End?</a>



Economists expect headline inflation to ease slightly to 2.9%, but persistent cost increases in key areas like car insurance and airfare may keep the Federal Reserve from cutting rates too soon. Meanwhile, the Atlanta Fed now predicts a 2.4% GDP contraction for first-quarter 2025, as trade imbalances widen and tech stocks continue their sharp decline. 



Analysts <a href="https://www.benzinga.com/25/03/44246635/traders-brace-for-pivotal-february-inflation-data-as-stagflation-fears-weigh-on-wall-street-what-to-expect">warn</a> that proposed tariff hikes could further disrupt supply chains and fuel inflation, potentially offsetting disinflationary trends. Businesses may have already accelerated imports in anticipation of these tariffs, contributing to the recent economic slowdown.



Read now:



<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44237691/magnificent-7-sheds-over-750-billion-in-market-cap-in-one-day-is-big-techs-honeymoon-over" target="_blank" rel="noreferrer noopener">Magnificent 7 Sheds Over $750 Billion In Market Cap In One Day: Is Big Tech's Honeymoon Over?</a></li>
</ul>



Photo: Shutterstock

Trump Slaps 50% Tariff On Canadian Steel & Aluminum, Threatens Auto Industry

Following Monday&#8217;s dramatic selloff of more than 15%, shares of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) are staging a small rebound Tuesday. The stock has been getting pummeled along with the rest of the market. It is down more than 50% since December 17.



It found a bottom around the $222.00 level. This was not a coincidence and it&#8217;s also why Tesla is Stock of the Day.



In the stock market, there can be price levels that are more important than others. Large amounts of volume typically trade at these levels. Trends can pause or reverse when they reach them.



These are called support and resistance levels.



If a stock is heading lower, it's because there aren't enough buy orders to absorb all of the sell orders. Sellers are forced to undercut each other and this can cause a downtrend to form.



When a stock drops to a support level the selloff pauses or ends. There is more than enough demand to absorb all of the supply. Traders can sell all they wish to without pushing the price lower.



Read Also: <a href="https://www.benzinga.com/markets/equities/25/03/44246100/trump-makes-false-claim-about-tesla-boycotts-musk-blames-soros-and-linkedin-co-founder-for-backing-protests">Trump Makes False Claim About Tesla Boycotts, Musk Blames Soros And LinkedIn Co-Founder For Backing Protests</a>



If a stock is heading higher, it's because there aren't enough sell orders to fill all of the buy orders. Traders are forced to outbid each other and this can cause an uptrend to form.



When a stock reaches a resistance level the rally pauses or ends. There is more than enough supply to fill all of the demand. Traders can buy all the shares they want to without pushing the price higher.



An interesting and often overlooked market dynamic is that price levels that were support can convert into resistance and price levels that were resistance can convert into support.



As you can see on the chart, the $222.00 level was resistance for Tesla in October. This is where the selloff ended.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="526" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11102414/Tesla-chart-1024x526.png" alt="" class="wp-image-818954" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11102414/Tesla-chart-1024x526.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11102414/Tesla-chart-300x154.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11102414/Tesla-chart-768x395.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11102414/Tesla-chart-1536x789.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/11102414/Tesla-chart.png 1588w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Many who sold shares at $222.00 then regretted doing so when the resistance broke and the stock ripped higher. Some vowed to buy their shares back if they could get them for the same price they were sold at.



Yesterday when the stock dropped to this level, these remorseful sellers placed buy orders. This large concentration of buyers formed support and put a floor under the price.



Sometimes stocks rally after they reach support. Tesla may be about to move higher.



Read <a href="Next: Billionaire Investor Ron Baron Reacts To Nasdaq, S&amp;P Selloff: 'The Stock Prices...Can't Believe How Cheap They Are'">Next: Billionaire Investor Ron Baron Reacts To Nasdaq, S&amp;P Selloff: &#8216;The Stock Prices&#8230;Can&#8217;t Believe How Cheap They Are&#8217;</a>



Photo: Shutterstock

Technicals

Stock Of The Day – Where Will The Tesla Selloff End?

Wall Street is on edge ahead of a pivotal inflation report this Wednesday, as traders hope for signs that price pressures are finally cooling after <a href="https://www.benzinga.com/markets">weeks of market turmoil.</a>



The tech-heavy Nasdaq 100 – as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – has tumbled 13% in just three weeks, with March on track for becoming the worst month since December 2022, while recession fears are mounting amid a sharp downgrade in U.S. growth forecasts.



With the Federal Reserve's next move in question, all eyes are on the latest Consumer Price Index data, slated for release at 8:30 a.m. ET on Wednesday. 



<h3 class="wp-block-heading">February Inflation Preview: What Are Economists Expecting?</h3>



The median economist consensus, tracked by TradingEconomics, sees annual headline inflation easing to 2.9% from January's 3% reading, which would snap a four-month streak of accelerating inflation. 



On a monthly basis, price growth is expected to slow to 0.3% from 0.5%. 



Core inflation, which excludes food and energy, is seen moderating to 3.2% from 3.3%, with the monthly pace cooling to 0.3% from 0.4%.



While a softer CPI print could boost expectations for rate cuts, Bank of America economist Stephen Juneau said that inflation is still running &#8220;well above levels consistent with the Fed&#8217;s 2% target." 



That means the Federal Reserve may not rush to ease monetary policy despite growing economic risks.



Goldman Sachs economist Jessica Rindels expects pockets of inflationary pressure to persist in key categories. "We expect used car prices to increase 0.6%, reflecting an increase in auction prices, and we expect new car prices to increase 0.3%, reflecting a decline in dealer incentives," she said. 



Car insurance is another pain point, with a projected 1% jump due to rising premiums. Airfares could also surge 2.5%, while communication services may see a 0.3% uptick due to seasonal distortions.



Despite near-term inflationary pressures, Goldman Sachs sees disinflation ahead, predicting core CPI will fall to 3.2% by December 2025, with core Personal Consumption Expenditures inflation—the Fed's preferred gauge—easing to 2.9%.



However, the firm warned that tariff hikes could offset some of the cooling effects from a rebalancing in auto, housing rental, and labor markets.



<h3 class="wp-block-heading">Market Sell-Off Intensifies Ahead Of Inflation Data</h3>



The stakes for Wednesday's inflation report are high. Markets have been hammered in recent weeks, with investors fleeing risk assets amid fears of slowing economic growth.



The Atlanta Fed's GDPNow model now forecasts a 2.4% contraction for the U.S. economy for the first quarter of 2025, a sharp reversal from its 2.3% growth projection in mid-February.



"Looking into the details, we see that most of that is being driven by imports a lot higher than exports," economist Ayesha Tariq said.



That suggests U.S. businesses may have accelerated imports in anticipation of President Donald Trump's proposed tariff hikes, leading to wider trade imbalances.



The market sell-off in recent weeks reflects deep losses in the Magnificent Seven tech stocks, all of which have entered correction territory.



Six of the seven are down at least 18% from their recent highs, with Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) plunging 53.9% and Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) sliding 30.1%.



For now, the market downturn may be seen as a long-overdue correction rather than a crisis. "The sell-off looks like an overdue correction which could reset some overvalued stocks and restore some sanity to the market," said David Morrison, senior market analyst at Trade Nation.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><thead><tr><th>Magnificent Seven</th><th>Drawdown from peak (as of Mar. 10)</th></tr></thead><tbody><tr><td>Tesla Inc. </td><td>-53.9%</td></tr><tr><td>Nvidia Corp.</td><td>-30.1%</td></tr><tr><td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td><td>-19.5%</td></tr><tr><td>Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)</td><td>-19.5%</td></tr><tr><td>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td><td>-18.9%</td></tr><tr><td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td><td>-18.8%</td></tr><tr><td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td><td>-12.4%</td></tr></tbody></table></figure>



<h3 class="wp-block-heading">Will The Fed Cut Rates?</h3>



Traders have ramped up bets that the Federal Reserve will step in to cushion the economic slowdown. Market-implied probabilities now suggest an 80% chance of four rate cuts by December 2025.



Fed Chair Jerome Powell struck a dovish tone during last week's congressional testimony, saying the central bank is waiting for more confidence that inflation is "moving sustainably at 2%." 



He added, "When we do get that confidence, and we're not far from it, it'll be appropriate to begin to dial back the level of restriction."



However, not all analysts are convinced that the Fed should act aggressively. 



"The Fed should be wary of tripping that wire by lowering interest rates too soon," Ed Yardeni said in a note Tuesday.



A cooler CPI reading could spark a relief rally, while a hotter-than-expected report might extend the sell-off and intensify stagflation concerns.



Either way, Wall Street is at a crossroads, and Wednesday's numbers will set the tone for the coming months.



Read now: 



<ul>
<li><a href="https://www.benzinga.com/news/large-cap/25/03/44237691/magnificent-7-sheds-over-750-billion-in-market-cap-in-one-day-is-big-techs-honeymoon-over">Magnificent 7 Sheds Over $750 Billion In Market Cap In One Day: Is Big Tech&#8217;s Honeymoon Over? (CORRECTED)</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Federal Reserve

AMZN

MSFT

NVDA

Traders Await Pivotal February Inflation Data As Stagflation Fears Weigh On Wall Street: What To Expect

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is a very valuable long-term strategic asset that the United States should hold <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">in its reserves</a>, according to Anthony Scaramucci, founder and managing partner of SkyBridge Capital.



What Happened: In an <a href="https://www.youtube.com/watch?v=7NV7ERKvHmE">interview</a> with CNBC on Monday, Scaramucci praised the Trump administration's efforts to establish a Bitcoin reserve, arguing that it positions the cryptocurrency as a critical component of the nation's financial future, akin to digital gold.



With Bitcoin trading around $80,750—down down about 26% from its all time high of $108,786, Scaramucci emphasized its role in maintaining dollar stability and urged bipartisan support for the initiative, despite skepticism from some quarters.



Scaramucci highlighted the strategic vision behind the reserve, crediting David Sacks, a key figure in the administration, for fostering a bipartisan approach to digital assets.



"It's a very valuable long-term strategic asset and I believe the U.S. should own it," he said, highlighting his belief that Bitcoin's value transcends short-term market fluctuations. 



He pointed to the administration's plan to acquire Bitcoin through revenue-neutral means—such as converting forfeited assets—rather than relying on taxpayer funds, a move he sees as both pragmatic and politically savvy.



The SkyBridge founder drew parallels between Bitcoin and traditional reserve assets like gold and oil, which enjoy broad congressional support. 



He argued that Bitcoin's inclusion in the strategic reserve could bolster the dollar's supremacy over the next decade or more. 



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44244951/bitcoins-heading-to-73000-without-a-fresh-narrative-10x-research">Bitcoin&#8217;s Heading To $73,000 Without A Fresh Narrative: 10x Research</a>



"If you believe what I believe, that this is a digital store of value and it's equivalent to digital gold… the United States is going to want to have this as a reserve asset," Scaramucci said. 



He dismissed comparisons to failed government investments like Solyndra, insisting that Bitcoin represents a foundational technology, not a speculative venture.



Why It Matters: Scaramucci also addressed the choppy trading environment, attributing it to dashed expectations among Bitcoin enthusiasts who anticipated an immediate boom following the Trump administration's arrival. Instead, he praised Sacks for taking a measured approach.



"I think what David Sacks has done, frankly, is brilliant because he's trying to create a bipartisan commitment and a bipartisan understanding to digital assets," he noted. 



Looking ahead, Scaramucci predicted increased institutional buying over the next three to six months, spurred by the U.S. reserve initiative, which could prompt other nations to follow suit.



Despite skepticism from some conservative and older demographics—evidenced by his encounters at a recent Yale event—Scaramucci urged critics to study Bitcoin's potential. 



As a five-year holder himself, he remains steadfast in his conviction that it is a hedge against currency risk and a vital asset for the future.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44243448/why-did-trumps-strategic-crypto-reserve-not-include-xrp">Why Did Trump&#8217;s Strategic Crypto Reserve Not Include XRP?</a></li>
</ul>



Image: Shutterstock

Anthony Scaramucci Says Bitcoin Is 'Digital Store Of Value' And 'The US Should Own It'

Kohl&#8217;s Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) shares are <a target="_blank" href="https://www.benzinga.com/premarket" rel="noreferrer noopener">plunging in premarket </a>on Tuesday after the fourth-quarter FY24 earnings results.



The company reported a fourth-quarter sales decline of 9.4% year-on-year to $5.175 billion, beating the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44242740/kohls-reports-fourth-quarter-and-full-year-fiscal-2024-financial-results" rel="noreferrer noopener">analyst consensus estimate of $5.145 billion.</a>



Comparable sales for the quarter decreased 6.7%. Gross margin for the quarter expanded by 49 basis points to 32.9%.



Operating income for the quarter was $126 million versus $299 million last year. The operating margin compressed 270 basis points to 2.3%.



Selling, general and administrative expenses decreased 4.5% Y/Y to $1.5 billion. Adjusted EPS of $0.95 beat the <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">consensus estimate of $0.73.</a>



Also Read: <a target="_blank" href="https://www.benzinga.com/25/03/44189744/retailer-wayfair-restructures-technology-team-cuts-340-jobs" rel="noreferrer noopener">Retailer Wayfair Restructures Technology Team, Cuts 340 Jobs</a>



Kohl&#8217;s held $134 million in cash and equivalents as of February 1, 2025. Operating cash flow was $596 million in the quarter. Inventory at the end of the quarter was $2.9 billion, a 2% increase Y/Y.



Kohl&#8217;s Board of Directors declared a quarterly cash dividend on the company&#8217;s common stock of $0.125 per share. The dividend is payable on April 2 to shareholders of record at the close of business on March 21.



The quarterly dividend is <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41954674/kohls-declares-quarterly-dividend" rel="noreferrer noopener">being lowered from $0.50</a> paid last quarter.



Outlook: Kohl&#8217;s expects FY25 sales decline of 5% – 7%. It expects FY25 EPS of $0.10 – $0.60 versus the Street view of $1.25.



Kohl&#8217;s anticipates FY25 comparable sales to decrease 4% &#8211; 6%. Kohl&#8217;s expects an FY25 operating margin of <a href="https://www.benzinga.com/calendars/guidance">2.2% – 2.6% and capital expenditures of about $400 million &#8211; $425 million.</a>



Price Action: KSS shares trading lower by 16.2% at $10.10 in premarket at last check Tuesday.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/03/44244752/on-semiconductor-launches-advanced-depth-sensors-for-industrial-robotics-and-automation" target="_blank" rel="noreferrer noopener">ON Semiconductor Launches Advanced Depth Sensors For Industrial Robotics And Automation</a></li>
</ul>



Photo: Sundry Photos via Shutterstock.

Dividends

General

Kohl's Anticipates Sales And Profit Dip In 2025, Slashes Dividend By 75%, Stock Tanks

Elon Musk is experiencing challenges managing his various businesses while working with the Trump administration for the Department of Government Efficiency (DOGE).



What Happened: Musk, in an interview <a href="https://www.foxbusiness.com/video/6369857710112">with</a> Fox Business&#8217;s Larry Kudlow, said he is running his businesses "with great difficulty" while working with the Donald Trump administration. This comes amid a huge decline in TSLA stock on Monday.



The company's stock price declined over 15% to $222.15, resulting in a $130 billion loss in market capitalisation.



This decline contributed to a 4% drop in the Nasdaq index, driven by fears of a potential recession due to the Trump administration&#8217;s tariffs.



The market value loss on Monday surpassed the combined stock market value of Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) and General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>). The recent downturn erased the gains from a previous rally that nearly doubled Tesla&#8217;s stock following the election of U.S. President Trump.



Investors are worried that Musk&#8217;s involvement with the Department of Government Efficiency is detracting from his focus on his companies, including SpaceX, X, and xAI.



Protests against Tesla have emerged in the U.S. and Europe, with demonstrators criticising Musk&#8217;s political activities. Tesla&#8217;s European sales dropped 45% in January, contrasting with a 37% rise in overall EV sales, according to the European Automobile Manufacturers Association.



Why It Matters: The decline in Tesla&#8216;s stock is part of a broader trend that has seen the company&#8217;s market cap drop significantly since the beginning of 2025.



According to Benzinga Pro data, Tesla&#8217;s stock has<a href="https://www.benzinga.com/25/03/44208979/tesla-stock-crashes-about-40-since-trump-took-office-in-january-2025-brand-takes-a-hit-and-musk-faces-criticism-top-analyst-says-dark-times-for-bulls-but-not-enough-to-head-for-the-hills"> crashed</a> about 40% since President Trump took office, with the brand taking a substantial hit. Despite this downturn, some analysts, like Dan Ives from Wedbush, see it as a &#8220;generational opportunity&#8221; and predict a potential rebound.



Moreover, Tesla&#8217;s brand image has reportedly been declining, <a href="https://www.benzinga.com/markets/equities/25/03/44216493/tsla-stock-drops-over-3-in-monday-pre-market-amid-lower-deliveries-declining-brand-image">partly due to Musk&#8217;s political involvement </a>and his role in the Department of Government Efficiency. This has led to a decrease in deliveries and a further drop in stock value.



In an effort to support Musk, President Trump<a href="https://www.benzinga.com/markets/25/03/44240714/trump-says-he-will-buy-a-brand-new-tesla-to-support-elon-musk-as-stock-falls-over-53-erasing-nearly-800-billion-in-investor-wealth-since-december-peak"> expressed</a> his intention to purchase a Tesla vehicle. Trump accused the &#8220;Radical Left Lunatics&#8221; of trying to boycott Tesla and harm Musk, highlighting the political tensions surrounding the company.



Check out more of Benzinga&#8217;s Future Of Mobility coverage by <a href="https://www.benzinga.com/topic/mobility">following this link.</a>



Read Next:



<a href="https://www.benzinga.com/markets/equities/25/03/44239714/teslas-101x-valuation-raises-alarm-as-gordon-johnson-warns-of-sales-slump-dan-ives-sees-ai-upside-despite-elon-musks-doge-distractions">Tesla&#8217;s 101x Valuation Raises Alarm As Gordon Johnson Warns Of Sales Slump, Dan Ives Sees AI Upside Despite Elon Musk&#8217;s DOGE Distractions</a>



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: Shutterstock

Government

Elon Musk Admits Juggling Between Tesla, DOGE Is Difficult, Says Running Businesses 'With Great Difficulty' As TSLA Stock Plunges 50% In 3 Months

U.S. stock futures rose on Tuesday following Monday&#8217;s heavy selloff. Futures of all four benchmark indices surged in premarket trading.



On Monday, the Nasdaq 100 index fell 12.56%, while the S&amp;P 500 dropped 8.67% from its previous high. While Nasdaq 100 had entered the correction zone last week, S&amp;P 500 was nearing the territory.



The selloff followed President Donald Trump&#8216;s comments from Sunday, where he didn&#8217;t rule out the possibility of a recession. He also said that the economy was undergoing "a period of transition,&#8221; as his tariff battle against major trading partners continued.



Meanwhile, the 10-year Treasury yield stood at 4.20%, while the two-year yield was at 3.89%. According to the CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>, there is a 95% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Nasdaq 100</td><td>0.41%</td></tr><tr><td>S&amp;P 500</td><td>0.27%</td></tr><tr><td>Dow Jones</td><td>0.20%</td></tr><tr><td>Russell 2000</td><td>0.93%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Tuesday. The SPY was up 0.37% to $562.63, and the QQQ also advanced 0.57% to $475.42, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From The Last Session



On Monday, U.S. stock market saw significant losses, particularly in consumer discretionary, information technology, and communication services sectors.



In contrast, utilities and energy sectors saw gains. This sector-driven decline contributed to the Dow dipping 890 points.



Overall market weakness followed a tough week, with the S&amp;P 500 down 3.1%. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) shares also experienced notable drops.



<figure class="wp-block-table is-style-stripes"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>-4.00%</td><td>17,468.32</td></tr><tr><td>S&amp;P 500</td><td>-2.70%</td><td>5,614.56</td></tr><tr><td>Dow Jones</td><td>-2.08%</td><td>41,911.71 </td></tr><tr><td>Russell 2000</td><td>-2.72%</td><td>2,019.07</td></tr></tbody></table></figure>



Insights From Analysts



After entering correction territory last week, the Nasdaq 100 fell 3.81% on Monday, confirming a key trend highlighted by Jason Goepfert.



Historically, a 3.5%+ drop following a correction and a 200-day average breach has led to a bear market, according to Goepfert.



Goepfert reaffirmed his assumptions and said that a "bad scenario," had been triggered and it was "Not the best sign for bulls."



<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">Already triggered the bad scenario. Not the best sign for bulls. <a href="https://t.co/GMm8bv3sUr">https://t.co/GMm8bv3sUr</a>&mdash; Jason Goepfert (@jasongoepfert) <a href="https://twitter.com/jasongoepfert/status/1899201625107153288?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



However, not all analysts believed that the indices are headed toward a bear market.



Mona Mahajan, the investment strategist at Edward Jones, calmed the investors after Monday&#8217;s selloff and said that pullbacks are normal and the possibility of a bear market was not confirmed.



&#8220;Investors are understandably nervous – the economy seems to be softening as tariffs and government policy uncertainty remain elevated. But keep in mind that in any given year, one to three pullbacks are normal, in the 5% to 15% range, and historically these have led to buying opportunities. Especially because we don&#8217;t yet see a recession, the likelihood of a deep or prolonged bear market is not as high.&#8221;



Sentimentrader&#8217;s Jay Kaeppel said that the U.S. stock market is only &#8220;sorta, kinda&#8221; oversold, citing the McClellan Oscillator&#8217;s data for the S&amp;P 500.



<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">BTW, the U.S. stock market is only "sorta, kinda" oversold. Corrections tend to play out until an actual "washout" occurs. Sorry, I don't make the rules. <a href="https://twitter.com/sentimentrader?ref_src=twsrc%5Etfw">@sentimentrader</a> <a href="https://t.co/kg4bPq7Dvf">pic.twitter.com/kg4bPq7Dvf</a>&mdash; Jay Kaeppel (@jaykaeppel) <a href="https://twitter.com/jaykaeppel/status/1899064152980591037?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Charlie Bilello of Creative Planning shared a list of past S&amp;P 500 drops, noting each event &#8220;seemed like the end of the world&#8221; at the time.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The S&amp;P 500 has now fallen over 9% from its peak on February 19, the biggest pullback since last August. This is the 30th correction &gt;5% off of a high since the March 2009 low. They all seemed like the end of the world at the time. <a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a> Video: <a href="https://t.co/bp8qymBdHZ">https://t.co/bp8qymBdHZ</a> <a href="https://t.co/gnv4F6E5li">pic.twitter.com/gnv4F6E5li</a>&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1899251053658247484?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



Upcoming Economic Data



Here&#8217;s what investors will keep on Tuesday:



<ul>
<li>On Tuesday, February&#8217;s NFIB optimism index data will be released at 6:00 a.m., ET.</li>
</ul>



<ul>
<li>January&#8217;s job openings data will be out by 10:00 a.m., ET.</li>
</ul>



Stocks In Focus:



<ul>
<li>DICK&#8217;S Sporting Goods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) was up 0.94% in premarket on Tuesday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of $3.53 per share on revenue of $3.78 billion.</li>
</ul>



<ul>
<li>Ciena Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) dropped 1.23% as Wall Street expects it to report quarterly earnings of 41 cents per share on revenue of $1.05 billion before the opening bell.</li>
</ul>



<ul>
<li>Kohl&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KSS#NYSE">KSS</a>) slipped 2.07% ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of 73 cents per share on revenue of $5.14 billion.</li>
</ul>



<ul>
<li>United Natural Foods Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNFI#NYSE">UNFI</a>) advanced 0.07% as Wall Street expects it to report quarterly earnings of 19 cents per share on revenue of $7.96 billion before the opening bell.</li>
</ul>



<ul>
<li>Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) was 1.08% lower after reporting third-quarter revenue of $14.13 billion, missing the consensus estimate of $14.39 billion. Also, adjusted earnings of $1.47 per share, missing analyst estimates of $1.49 per share.</li>
</ul>



<ul>
<li>2Seventy Bio Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSVT#NASDAQ">TSVT</a>) surged 76.07% as Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) said that it will acquire the company for $5.00 per share in an all-cash deal, an 88% premium, valuing the company at $286 million.</li>
</ul>



<ul>
<li>Tenon Medical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TNON#NASDAQ">TNON</a>) zoomed 60% after it secured two European patents for its Catamaran SI Joint Fixation Device, strengthening its global portfolio and highlighting its innovation in SIJ disorder treatment.</li>
</ul>



<ul>
<li>NET Power Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NPWR#NYSE">NPWR</a>) slumped 35.79% after reporting wider-than-expected fourth quarter loss.</li>
</ul>



<ul>
<li>Asana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASAN#NYSE">ASAN</a>) plummeted 27.34% after CEO Dustin Moskovitz announced retirement.</li>
</ul>



<ul>
<li>LifeMD Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFMD#NASDAQ">LFMD</a>) rose 23.65% after reporting better than expected revenue and EPS in the fourth quarter.</li>
</ul>



<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) jumped 3.09% after dropping over 41.43% on a year-to-date basis in 2025 as Trump reaffirmed his support for Elon Musk on Monday, praising him for &#8220;putting it on the line&#8221; for the nation. On Truth Social, Trump accused &#8220;left lunatics&#8221; of illegally colluding to boycott Tesla.</li>
</ul>



Commodities, Gold And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.73% to hover around $66.51 per barrel.



The gold spot index was up by 0.74% to $2,910.70 per ounce. Its last record high was at $2,956.37 per ounce. The Dollar Index was down 0.44% at the 103.444 level.



Asian markets closed mostly lower on Tuesday as Australia's ASX 200, Japan's Nikkei 225, South Korea's Kospi, and Hong Kong's Hang Seng index declined. Whereas India's S&amp;P BSE Sensex, China's CSI 300 advanced. European markets were mostly higher in trade.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/25/03/44240968/history-repeats-market-enters-correction-zone-in-the-same-week-when-dot-com-bubble-burst-25-years-ago-heres-what-experts-are-saying">History Repeats? Market Enters Correction Zone In The Same Week When Dot-Com Bubble Burst 25 Years Ago: Here&#8217;s What Experts Are Saying</a></li>
</ul>



Photo courtesy: Shutterstock

Market Summary

Futures

Treasuries

Pre-Market Outlook

ASAN

LFMD

NPWR

TNON

TSVT

UNFI

US Stocks Likely To Open Higher After Monday's Selloff: TSLA Stock Rebounds From Its Worst Fall In 5 Years After Trump Backs Musk, Analyst Says 'Pullbacks Are Normal'

The ongoing cryptocurrency downturn has left investors reeling, wiping away a major chunk of their gains since Donald Trump emerged victorious in the 2024 presidential elections.&nbsp;



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), the world's largest cryptocurrency by valuation, sank below $77,000 for the first time in four months and, trading <a href="https://www.benzinga.com/government/regulations/25/01/43085323/trump-sworn-in-as-47th-president-declares-golden-age-of-america-begins-right-now">down 21%</a> since Trump was sworn in as president.



While Bitcoin did not get off to the best start under Trump&#8217;s presidency, it is worth remembering that the apex cryptocurrency had a fantastic run during his previous tenure.



What happened: Trump won the 2016 elections, with his tenure beginning on Jan. 20, 2017, and lasting till Jan. 20, 2021.



During this time, Bitcoin soared from $898.17 to $36050.11, marking a whopping 3913.73% surge.&nbsp;



The fascinating bit was that there was no support from Trump whatsoever. In fact, back in 2019, <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41096120/if-you-invested-1-000-in-bitcoin-when-donald-trump-said-he-wasnt-a-fan-heres-how-much-youd">he famously said</a> he wasn't a "fan" of Bitcoin and that the value of cryptocurrencies was "based on thin air."



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Tenure</td><td>BItcoin Gains +/-</td><td>Bitcoin Value If Gains Repeated In Trump&#8217;s Second Presidency (2025-2029)</td></tr><tr><td>Donald Trump (2017-21)</td><td>+3913.73%</td><td>$3.13 Million</td></tr><tr><td>Joe Biden (2021-25)</td><td>+202.67%</td><td>$162,330</td></tr></tbody></table></figure>



See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/03/44240497/dogecoin-millionaire-deems-ongoing-crypto-meltdown-as-final-shakeout-but-heres-what-these-analysts-think-about-doges-potential">Dogecoin &#8216;Millionaire&#8217; Labels Ongoing Crypto Meltdown A &#8216;Final Shakeout,&#8217; But Here&#8217;s What These Analysts Think About DOGE&#8217;s Potential</a>



Trump was succeeded by Joe Biden, who won the 2020 presidential election.&nbsp;



Biden&#8217;s tenure, which lasted from January 20, 2021 to January 20, 2025, witnessed two bull cycles for Bitcoin. The first occurred in the fall of 2021, when BTC reached $69,000, and the second was an all-time high of $109,000 set just before his departure.



The second bull run had less to do with Biden and more with the <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43079668/bitcoin-hits-record-109000-ahead-of-trumps-inauguration-sparks-market-rally">sky-high expectations</a> from Trump's upcoming presidency. The GOP nominee had promised a <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Bitcoin strategic reserve</a> during his election campaign, which he subsequently delivered on, a pivot from his earlier skepticism.



As of this writing, one Bitcoin traded at $80,095.82. So, if, from here, it rises the same as Trump's first presidency, it would surge to a whopping $3.13 million.



On the other hand, if it matches gains made during the Biden presidency, it would grow to $162,330.



Image via Shutterstock



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/25/03/44240035/ethereum-shrinks-over-30-since-eric-trumps-great-time-to-add-eth-suggestion">Eric Trump&#8217;s &#8216;Great Time&#8217; To Buy ETH Backfires? Ethereum Plunges 30% Since His Buy Call</a></li>
</ul>

Bitcoin Déjà Vu? If Trump's Second Term Is Anything Like His First, BTC Could Touch This Eye-Popping Level

Leading cryptocurrencies extended losses Monday, mirroring the stock rout, as investors get jittery over recession concerns.



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-4.54%</td><td>$76,982.36</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-9.88%</td><td>$1,821.41</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-11.00%</td><td>$0.1478</td></tr></tbody></table></figure>



What Happened: Bitcoin sank below $77,000 to hit a four-month low. The leading cryptocurrency was down 29% from its all-time high, wiping away nearly all of the gains since <a href="https://www.benzinga.com/opinion/24/11/41754497/how-to-trade-a-trump-win-and-a-trump-loss">Trump's victory</a> in the presidential elections.



Ethereum slipped below $1,800, its lowest since October 2023. Year-to-date, the second-largest cryptocurrency has plunged over 45%.



The downturn comes despite President Donald Trump signing an executive order for a <a href="https://in.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">Strategic Bitcoin Reserve</a> last week.



About $926 million was liquidated from the cryptocurrency market in the last 24 hours due to the slump, with $742 million in long positions getting erased.



That said, Bitcoin's recovery to $85,000 would liquidate about a billion in short positions.&nbsp;



Bitcoin's Open Interest fell 3.83% over the last 24 hours, while the number of traders positioned short on the asset soared to 52% of the total.



The Crypto Fear and Greed Index remained in the "Extreme Fear" zone, signaling anticipation of further downsides.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table style="overflow:auto; height: 90px; display: block;"><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:30 p.m. ET)</td></tr><tr><td>Movement (MOVE)</td><td>+7.89%</td><td>$0.4805</td></tr><tr><td>MANTRA (OM)</td><td>+2.79%</td><td>$6.25</td></tr><tr><td>Mantle (MNT)</td><td>+2.46%</td><td>$0.6795</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $2.54 trillion, contracting 4.25% in the last 24 hours.



Stocks came crashing down Monday. The Dow Jones Industrial Average tumbled 890 points, or 2.08%, to close at 41,911.71. The S&amp;P 500 slipped 2.69%, ending at 5,614.56, while the tech-heavy Nasdaq Composite plunged 4% to close at a six-month low of 17,468.32.



Concerns over the U.S. economy weighed on the market after Trump seemed to acknowledge the <a href="https://www.benzinga.com/25/03/44222440/financial-crime-weekly">possibility of a U.S. recession</a> in an interview over the weekend.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Well-known on-chain analytics firm CryptoQuant assessed whether the prevailing market phase was the beginning of a bear or bull dip.



"In a typical bull market, people move their sats in profit, resulting in an SOPR greater than 1, unlike in a bear market. From this perspective, the bull market still seems to be in play," the firm said, referring to the Spent Output Profit Ratio, a metric used to measure the profitability of transactions.



CryptoQuant also noted that the funding rates still resembled the 2020-21 bull market pattern.



<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">Is it the beginning of a bear or bull dip? "For bulls to be convinced that the market has shifted, SOPR and funding rates need to drop below critical levels more frequently than before." – By <a href="https://twitter.com/aytekin466?ref_src=twsrc%5Etfw">@aytekin466</a> Full post &#x1f447;<a href="https://t.co/3kT2yfRD2E">https://t.co/3kT2yfRD2E</a> <a href="https://t.co/OuFXfI2JcH">pic.twitter.com/OuFXfI2JcH</a>&mdash; CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1899121567818273099?ref_src=twsrc%5Etfw">March 10, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Arthur Hayes, co-founder of cryptocurrency exchange BitMEX and Chief Investment Officer at Maelstrom Fund, urged his followers to remain patient.



"BTC likely bottoms around $70,000. 36% correction from $110,000 ATH, v normal for a bull market," Hayes said.&nbsp;



Hayes urged that risk-averse investors wait until the central bank eases monetary policy before deploying capital.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The plan: Be fucking patient. <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> likely bottoms around $70k. 36% correction from $110k ATH, v normal for a bull market. Then we need stonks, <a href="https://twitter.com/search?q=%24SPX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPX</a> and <a href="https://twitter.com/search?q=%24NDX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$NDX</a> to enter free fall. Then we need TradFi muppet to go under. THEN we get Fed, PBOC, ECB, and BOJ all easing to make…&mdash; Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1899261481805566368?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo by Avi Rozen on Shutterstock



Read Next:    



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44229559/coinbase-to-introduce-24-7-crypto-futures-plans-perpetual-style-contracts-for-us-market">Coinbase To Introduce 24/7 Crypto Futures, Plans Perpetual-Style Contracts For US Market</a></li>
</ul>

$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Sink Deeper As Recession Worries Overshadow Crypto Market: Arthur Hayes Has This Advice For Risk-Averse Traders

On Monday, Cathie Wood&#8216;s Ark Invest made significant trades involving Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) , Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Tempus AI Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEM#NASDAQ">TEM</a>), and Robinhood Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>). These trades occurred against a backdrop of market volatility, with recession fears and economic concerns impacting investor sentiment.



Wood predicts a &#8220;deflationary boom&#8221; in the <a href="https://www.benzinga.com/markets/equities/25/03/44239278/cathie-wood-stands-by-deflationary-boom-call-as-gene-munster-compares-market-turmoil-to-dot-com-bubble">second half of the year</a>, seeing the current market turmoil as the final phase of a rolling recession. She believes this will give Trump's administration and the Fed more flexibility than investors expect. Her prediction was made on a day when the <a href="https://www.benzinga.com/news/large-cap/25/03/44237691/magnificent-7-sheds-over-750-billion-in-market-cap-in-one-day-is-big-techs-honeymoon-over">Magnificent 7 shed over $750 billion</a> in market cap as U.S. markets saw a major sell-off.



The Tesla Trade



Ark Invest&#8217;s flagship fund, ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), acquired 68,164 shares of Tesla on Monday. The purchase comes as Tesla&#8217;s stock faces pressure due to <a href="https://in.benzinga.com/25/03/44232237/whats-going-on-with-tesla-shares-monday">increased competition</a> from Chinese EV manufacturers and declining demand in Europe. Tesla shares closed at $222.15, down 15.43% from the previous session. Additionally, ARK Autonomous Technology &amp; Robotics ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKQ#BATS">ARKQ</a>) added 11,154 Tesla shares. The two transactions amounted to $17.62 million. Notably, Tesla was the largest loser among the Magnificent 7 stocks in Monday&#8217;s sell-off.



The Palantir Trade



Ark Invest also increased its holdings in Palantir by purchasing 123,667 shares through ARKK. Palantir&#8217;s stock, which closed at $76.38, saw a 10.05% decline amid broader market downturns. Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>) also added 28,567 shares of Palantir, highlighting Ark&#8217;s strategic focus on data analytics and AI-driven companies. The total purchase value was $11.63 million. Palantir was one of the companies that <a href="https://in.benzinga.com/general/market-summary/25/03/44227856/nasdaq-sp-500-hit-6-month-lows-as-recession-fears-grow-whats-driving-markets-monday">led tech stocks lower</a> in Monday&#8217;s sell-off.



The Coinbase Trade



Amidst a turbulent day for crypto stocks, Ark Invest seized the opportunity to buy 52,753 shares of Coinbase through ARKK. Coinbase shares fell 17.58% to $179.23, influenced by Bitcoin&#8217;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) drop and <a href="https://www.benzinga.com/25/03/44225814/bitcoins-drop-shakes-crypto-stocks-coin-hood-mara-riot-dip-but-are-traders-seeing-a-bargain">exclusion from the S&amp;P 500</a>. The purchase was worth approximately $9.46 million. ARKF also acquired 11,605 shares, reinforcing Ark&#8217;s bullish stance on the cryptocurrency exchange. All in all, Ark bought $11.53 million worth of Coinbase shares on Monday.



The AMD Trade



Ark Invest&#8217;s interest in the semiconductor sector was evident with the acquisition of 94,377 AMD shares through ARKK. AMD&#8217;s stock closed at $96.63, down 3.67%. The transaction was valued at about $9.12 million. Additional purchases were made by ARKQ and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>), with 17,271 and 30,235 shares, respectively. ARK Space Exploration &amp; Innovation ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKX#BATS">ARKX</a>) also purchased 5,668 AMD shares. The four transactions were worth $14.62 million in total. On Monday, Alibaba Group unveiled the XuanTie C930 processor, the pivot of China toward <a href="https://www.benzinga.com/markets/emerging-markets/25/03/44229408/alibaba-unveils-new-ai-chip-to-power-chinas-open-source-tech-push-challenge-us-chip-giants">open-source chip technology architecture</a> challenges AMD&#8217;s control on the x86 chip standard. 



The Tempus AI Trade saw Ark Invest purchasing 122,875 shares of Tempus AI through the ARKK ETF. This acquisition follows a previous buy as Ark continues to capitalize on opportunities within the AI sector. The stock closed at $45.17, marking an 8% decline. Based on Monday&#8217;s closing price, Ark purchased $5.55 million worth of Tempus AI shares. Wood has been <a href="https://www.benzinga.com/25/03/44183861/cathie-wood-smelling-ai-opportunity-ark-invest-buys-tempus-ai-dip-scoops-up-over-13-m-worth-of-stock">loading up</a> on Tempus AI stocks; last week, Ark acquired stock worth $13.23 million.



The Robinhood Trade involved Ark Invest acquiring 269,864 shares of Robinhood via the ARKK ETF. Robinhood&#8217;s shares fell 19.79% to close at $35.63 amid broader financial sector concerns. The purchase, valued at about $9.61 million, suggests Ark&#8217;s confidence in Robinhood&#8217;s long-term potential despite short-term market volatility. Robinhood shares dropped amid <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44235019/robinhood-shares-are-down-today-whats-going-on">market volatility</a> triggered by Trump&#8217;s tariff imposition on Canada and Mexico.



Other Key Trades:



<ul>
<li>Sold Block Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) stock worth $20.61 million through ARKK and ARKW.</li>



<li>Sold Uipath Inc. (PATH) stock through ARKK, ARKQ and ARKX.</li>



<li>Purchased Ibotta Inc (IBTA) shares through ARKW and ARKF.</li>



<li>Purchased Shopify Inc (SHOP) stock through ARKK and ARKF.</li>
</ul>



Image via Shutterstock



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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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