Holiday Island Holdings Inc 株価情報 (OTC: HIHI)

最新ニュース Holiday Island Holdings Inc (OTC:HIHI) 株価情報

Holiday Island Holdings Inc

Phoenix Motor Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEV#NASDAQ">PEV</a>) shares are jumping premarket on Friday. On Thursday, the company disclosed its <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/ac44179502/phoenix-motor-expects-record-revenue-growth-and-profitability-in-2024-with-further-expansion-in-2" rel="noreferrer noopener">2024 and 2025 revenue guidance</a>.
For 2024, the company sees revenue of $30 million &#8211; $31 million, a tenfold <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">increase from $3 million in 2023</a>.
The company projects a positive net income and dramatic turnaround from its net loss in the prior year.
For 2025, Phoenix Motor projects revenue of $40 million &#8211; $50 million, on continued market expansion and strong demand for zero-emission commercial vehicle solutions.
The commercial EV market is expected to expand at a 26.4% CAGR, reaching $55.9 billion by 2029.
Denton Peng, CEO of Phoenix Motor, said, &#8220;We are proud to be delivering on our vision of accelerating the transition to zero-emission transportation while achieving record financial performance.&#8221;
&#8221;With a growing order book, expanding production, and strong industry tailwinds, we are well-positioned for long-term success.&#8221;
Last month, the company announced the establishment of&nbsp;EdisonFuture International Co., Ltd., a fully-owned&nbsp;<a target="_blank" href="https://www.benzinga.com/25/02/43784402/phoenix-motor-forms-new-global-subsidiary-to-target-ev-markets" rel="noreferrer noopener">subsidiary located in Hong Kong</a>.
Phoenix Motor recently received confirmation from Nasdaq that it has regained compliance with listing rules following the filing of its Form 10-Q for the period ended September 30, 2024, <a target="_blank" href="https://www.benzinga.com//node/43727482" rel="noreferrer noopener">on February 12, 2025.</a>
Price Action: PEV shares are up 29.3% at $0.4399 premarket at the last check Friday.
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44173678/lendingtree-surges-on-strong-q4-results-analysts-sees-long-awaited-return-of-growth-in-2025" target="_blank" rel="noreferrer noopener">LendingTree Surges On Strong Q4 Results, Analysts Sees &#8216;Long-Awaited Return Of Growth&#8217; In 2025</a></li>
</ul>
Photo via Shutterstock.

Equities

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Guidance

Small Cap

Movers

Phoenix Motor Forecasts Tenfold Revenue Growth In 2024, Stock Jumps

U.S. stock futures rose on Friday following Thursday&#8217;s selloff that pushed the Nasdaq 100 index into the correction zone. Futures of all four benchmark indices rose in premarket trading.
President Donald Trump&#8216;s administration postponed implementation of certain USMCA goods that are imported from Mexico and Canada on Thursday after a 25% levy was implemented on Tuesday.
Investors await the U.S. jobs report, unemployment rate and hourly wages data for February, slated to be released today.
Meanwhile, the 10-year Treasury yield stood at 4.26%, while the two-year yield was at 3.95%. 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 91% chance that the Federal Reserve will keep interest rates unchanged for the March meeting.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>0.48%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.30%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.15%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.19%</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 Friday. SPY gained 0.33% to $574.58, and QQQ was up 0.48% to $490.55, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From The Last Session
Real estate, information technology, and consumer discretionary sectors experienced the most significant losses on Thursday, contributing to the overall market decline. Conversely, energy stocks bucked the trend, closing higher amidst the widespread downturn.
On the economic front, the U.S. reported a record trade deficit of $131.4 billion in January, compared to a revised $98.1 billion gap in the previous month. Unit labor costs in the nonfarm business sector rose 2.2% in the fourth quarter, compared to preliminary expectations of 3%.
Initial jobless claims declined by 21,000 from the previous week to 221,000 during the last week of February, compared to market estimates of 235,000.
Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) reported better-than-expected earnings for its fourth quarter.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-2.61%</td>
<td>18,069.26</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-1.78%</td>
<td>5,738.52</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.99%</td>
<td>42,579.08 </td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.63%</td>
<td>2,066.55</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts
While markets have reacted negatively to recent tariff announcements, this suspension could set the stage for a potential market recovery in the medium term, explained Subho Moulik, the founder and CEO of the fintech platform Appreciate.
&#8220;Despite legitimate concerns about inflation and trade uncertainty, U.S. economic fundamentals remain solid with unemployment edging down to 4% and GDP growth still in the positive territory. This economic resilience provides a foundation for market stabilization,&#8221; Moulik added.
According to him, market volatility may persist in the short term, but history demonstrates that strategic navigation of policy-induced corrections can lead to outperformance for investors who maintain discipline and a long-term perspective.
The Nasdaq 100 entered correction territory on Thursday, falling 9.76% from its record high to 20,052.64, and breaking below its 200-day moving average for the first time in nearly two years.
Analyst Jason Goepfert of White Oak Consultancy LLC warned in an X post that a further 3.5% decline within the next two weeks would signal a bear market.
Historically, when the index has broken its 200-day average after a prolonged uptrend and subsequently dropped at least 3.5% within two weeks, a bear market has followed. Conversely, if the index avoids a 3.5% drawdown in the next two weeks, historical data suggests positive one-year returns.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Nasdaq 100 <a href="https://twitter.com/search?q=%24QQQ&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$QQQ</a> closed below its 200-day average for the first time in over a year. Watch the next 2 weeks. Every time it lost its 200-day after an extended run and suffered at least a -3.5% drawdown within the next 2 weeks, it led to a bear market. When the 2-week… <a href="https://t.co/m4zOyP86da">pic.twitter.com/m4zOyP86da</a>
&mdash; Jason Goepfert (@jasongoepfert) <a href="https://twitter.com/jasongoepfert/status/1897754090748186951?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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According to Charlie Bilello, the chief market strategist at Creative Planning, the 497 trading sessions for which the Nasdaq 100 index was above its 200-day moving average, was the second longest streak in its history, returning 73% to investors.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Nasdaq 100 Index gained 73% during this historic uptrend&#8230; <a href="https://t.co/B8gvLWF30V">pic.twitter.com/B8gvLWF30V</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1897767711901368334?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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Ryan Detrick of Carson Research highlighted historical data and said that the market has peaks in mid-February and hits lows in the second week of March over the last 20 years.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Over the past 20 years, peaks in mid-February and lows in the second week of March are common. Could it really happen again? <a href="https://t.co/42eJLQeIIW">pic.twitter.com/42eJLQeIIW</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1897782202370572689?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
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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 Friday:
<ul>
<li>February&#8217;s U.S. jobs report, unemployment rate and hourly wages data will be out by 8:30 a.m., ET.</li>
</ul>
<ul>
<li>Fed Governor Michelle Bowman will speak at 10:15 a.m., New York Fed President John Williams will speak again at 10:45 a.m., Fed Governor Adriana Kugler will speak at 12:20 p.m., and Fed Chairman Jerome Powell will speak at 12:30 p.m., ET.</li>
</ul>
<ul>
<li>January&#8217;s consumer credit data will be announced at 3:00 p.m., ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Algonquin Power &amp; Utilities Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AQN#NYSE">AQN</a>) was up 1.21% in the premarket on Friday ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of 8 cents per share on revenue of $607.00 million.</li>
</ul>
<ul>
<li>Genesco Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCO#NYSE">GCO</a>) slipped 0.15% as Wall Street expects it to report quarterly earnings of $3.31 per share on revenue of $784.85 million before the opening bell.</li>
</ul>
<ul>
<li>Advantage Solutions Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADV#NASDAQ">ADV</a>) gained 5.51% ahead of its earnings, which will be released before the opening bell. Analysts expect it to report earnings of 12 cents per share on revenue of $863.41 million.</li>
</ul>
<ul>
<li>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) jumped 12.84% after reporting better-than-expected first-quarter financial results. The company said it expects second-quarter revenue of approximately $14.9 billion, versus estimates of $14.76 billion.</li>
</ul>
<ul>
<li>JD.Com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) fell 1.98% despite better-than-expected earnings as management did not clarify on the scale and profitability of its new food delivery business JD Takeaway.</li>
</ul>
<ul>
<li>Costco Wholesale Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) dropped 1.42% after it reported mixed second quarter earnings but the management said that they were &#8220;well equipped&#8221; to mitigate tariffs.</li>
</ul>
<ul>
<li>Plus Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTV#NASDAQ">PSTV</a>) surged 58.33% as it received Orphan Drug Designation from the FDA for its drug Rhenium Obisbemeda which is used to treat leptomeningeal metastases in lung cancer patients.</li>
</ul>
<ul>
<li>authID Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUID#NASDAQ">AUID</a>) climbed 5.97% after it released a whitepaper, &#8220;Deepfake Countermeasures,&#8221; detailing their deepfake detection system, which boasts billion-to-one accuracy and 35-millisecond matching.</li>
</ul>
<ul>
<li>Cross Country Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCRN#NASDAQ">CCRN</a>) plunged 42.97% as it missed fourth quarter estimates and Federal Trade Commission&#8217;s review of its $615 million sale to Aya Healthcare discovered some &#8220;troubling documents&#8221;.</li>
</ul>
<ul>
<li>Hewlett Packard Enterprise Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPE#NYSE">HPE</a>) plummeted 20.49% on earnings miss and weak revenue outlook amid job cut announcement.</li>
</ul>
Commodities, Gold And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 1.25% to hover around $67.19 per barrel.
The gold spot index was up by 0.24% to $2,918.13 per ounce. Its last record high was at $2,956.37 per ounce. The Dollar Index was down 0.44% at the 103.609 level.
Asian markets closed lower on Friday as the Australia's ASX 200, India's S&amp;P BSE Sensex, China's CSI 300, South Korea's Kospi, Japan's Nikkei 225, and Hong Kong's Hang Seng index declined. European markets were also lower in trade.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/market-summary/25/03/44185877/costco-ceo-says-it-is-well-equipped-to-mitigate-trumps-tariffs-but-warns-of-inflation-impact-on-consumers-when-it-rains-it-rains-on-everyone">Costco CEO Says It Is &#8216;Well Equipped&#8217; To Mitigate Trump&#8217;s Tariffs, But Warns Of Inflation Impact On Consumers: &#8216;When It Rains, It Rains On Everyone&#8217;</a></li>
</ul>
Photo courtesy: Shutterstock

Earnings

Government

Market Summary

Futures

Pre-Market Outlook

Markets

AUID

AVGO

CCRN

COST

PSTV

US Stocks Likely To Open Higher After Nasdaq 100 Enters Correction Zone: 'Economic Resilience Provides A Foundation For Market Stabilization,' Says Expert

Jefferies analyst Jonathan Matuszewski upgrades Wayfair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/W#NYSE">W</a>) from Hold to Buy and raises the price target from $45 to $47.

Upgrades

Price Target

Analyst Ratings

Jefferies Upgrades Wayfair to Buy, Raises Price Target to $47

Telsey Advisory Group analyst Joseph Feldman maintains Dick's Sporting Goods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) with a Outperform and maintains $260 price target.

Telsey Advisory Group Maintains Outperform on Dick's Sporting Goods, Maintains $260 Price Target

Shares of Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) climbed 12.7% during the pre-market trading session on Friday following the company&#8217;s first quarter earnings and revenue beat.
What Happened: Broadcom, a leading semiconductor company, reported first quarter revenue of $14.92 billion, surpassing the forecasted $14.61 billion on Thursday. The company&#8217;s adjusted earnings stood at $1.60 per share, exceeding the anticipated $1.49 per share.
The company&#8217;s total revenue saw a 25% year-over-year increase, led by a robust performance in AI semiconductor solutions and infrastructure software. Broadcom reported $6.11 billion in cash flow from operations and $6.01 billion in free cash flow for the quarter, concluding with approximately $9.31 billion in cash and cash equivalents.
First quarter AI revenue for the company grew 77% year-over-year to $4.1 billion and infrastructure software revenue grew 47% year-over-year to $6.7 billion.
SEE ALSO: <a href="https://www.benzinga.com/general/market-summary/25/03/44160046/marvell-surpasses-ai-chip-sales-target-aims-higher-for-2026-but-stock-plunges-due-to-muted-guidance">Marvell Surpasses AI Chip Sales Target, Aims Higher For 2026, But Stock Plunges Due To Muted Guidance</a>
Why It Matters: These results come amid speculation around a potential merger and acquisition with Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). However, CEO Hock Tan <a href="https://www.benzinga.com/markets/25/03/44184829/broadcom-ceo-hock-tan-brushes-off-intel-acquisition-speculation-ma-no-im-too-busy">dismissed these rumors </a>during the company&#8217;s first-quarter earnings call. This week, reports indicated that Nvidia (NVDA) and Broadcom are <a href="https://www.benzinga.com/25/03/44087877/intel-stock-surges-as-nvidia-broadcom-test-18a-chips-amd-shows-interest" target="_blank" rel="noreferrer noopener">running manufacturing tests</a> with Intel&#8216;s 18A process
The company expects continued growth in AI semiconductor revenue of $4.4 billion in the second quarter, led by ongoing investment in AI XPUs and custom solutions for AI data centers by hyperscale partners. Meanwhile, Broadcom&#8217;s board has also authorized a quarterly cash dividend of 59 cents per share, which will be paid on March 31 to shareholders recorded as of March 20.
Kinngai Chan, analyst at Summit Insights stated, &#8220;Broadcom is much better positioned compared to its peers as its exposure in AI market is relatively more diversified with multiple AI ASIC customers,&#8221; reported Reuters. Meanwhile, The Future Fund LLC Managing Partner Gary Black highlighted Broadcom's strong performance, stating that it should help AI stocks the next day.
Broadcom&#8217;s stock dropped 6.33% to close at $179.45 on Thursday. However, it recovered in after-hours trading, surging by 12.82%. So far this year, the stock has dropped 22.64%, as per <a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
<ul>
<li>Read More: <a href="https://www.benzinga.com/markets/equities/25/03/44185847/gary-black-says-walgreens-is-a-company-that-shouldnt-be-public-cites-largest-shareholders-role-in-10-billion-sycamore-deal">Gary Black Says Walgreens Is A Company That &#8216;Shouldn&#8217;t Be Public,&#8217; Cites Largest Shareholder&#8217;s Role In $10 Billion Sycamore Deal</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.

INTC

NVDA

Broadcom Stock Surges Nearly 13% In Friday Pre-Market: What's Going On?

Telsey Advisory Group analyst Dana Telsey maintains Gap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GAP#NYSE">GAP</a>) with a Market Perform and maintains $26 price target.

Telsey Advisory Group Maintains Market Perform on Gap, Maintains $26 Price Target

Telsey Advisory Group analyst Dana Telsey maintains Burlington Stores (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURL#NYSE">BURL</a>) with a Outperform and maintains $340 price target.

BURL

Telsey Advisory Group Maintains Outperform on Burlington Stores, Maintains $340 Price Target

SpaceX CEO Elon Musk said on Friday that the next Starship vehicle for the upcoming test flight will be ready in 4 to 6 weeks, despite the last flight test of the launch vehicle ending <a href="https://www.benzinga.com/general/space/25/03/44183791/elon-musks-spacex-successfully-catches-super-heavy-booster-with-mechazilla-but-starship-upper-stage-lost-in-test-flight">with an explosion in space</a>.
What Happened: &#8220;Today was a minor setback,&#8221; Musk said about the explosion on Thursday.
&#8220;Progress is measured by time. The next ship will be ready in 4 to 6 weeks,&#8221; he said. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today was a minor setback. Progress is measured by time. The next ship will be ready in 4 to 6 weeks.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1897883255380029524?ref_src=twsrc%5Etfw">March 7, 2025</a></blockquote>
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Starship's eighth flight test lifted off from Starbase, Texas, at 5:30 p.m. CT on Thursday. The Super Heavy booster was successfully captured at Starbase by the launch tower's arms, but the Starship spacecraft exploded in space, raining debris.
SpaceX said that "an energetic event in the aft portion of Starship" resulted in the loss of several engines, thereby leading to a loss of attitude control and ultimately loss of contact with the vehicle.
This marks Starship's second failure this year. During the vehicle's seventh flight test in January, the vehicle disintegrated in space owing to a propellant leak.
Why It Matters: The Federal Aviation Administration (FAA), which regulates private rocket launches, has <a href="https://www.benzinga.com/25/03/44186128/faa-opens-mishap-investigation-after-spacexs-starship-explodes-in-space">demanded a mishap investigation</a> into the recent explosion. The investigation will be conducted by SpaceX with oversight from the FAA.
Starship&#8217;s return to flight will be based on the agency determining that any system, process, or procedure related to the mishap does not affect public safety, the agency said on Thursday. 
The Starship vehicle is part of big dreams. While NASA is looking forward to landing humans back on the surface of the Moon after a gap of over 50 years with the help of a&nbsp;<a href="https://www.benzinga.com/24/11/42108681/spacex-shows-off-conceptual-version-of-starship-which-will-help-humans-land-back-on-moon-in-over-50-yrs" target="_blank" rel="noreferrer noopener">custom version of Starship</a>, Musk is dreaming of taking&nbsp;<a href="https://www.benzinga.com/news/24/09/40770222/elon-musk-sets-2026-for-starships-first-uncrewed-mars-mission-targeting-successful-landing" target="_blank" rel="noreferrer noopener">humans to the planet Mars</a>&nbsp;aboard Starship. However, the vehicle is currently in the testing and development phase.
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/space/25/03/44162633/elon-musk-thinks-iss-has-served-its-purpose-and-should-be-deorbited-but-sunita-williams-says-it-is-still-at-its-prime-this-place-is-ticking-its-just-really-amazing" target="_blank" rel="noreferrer noopener">Elon Musk Thinks ISS Has Served Its Purpose And Should Be Deorbited, But Sunita Williams Says It Is Still At Its Prime: ‘This Place Is Ticking. It's Just Really Amazing'</a></li>
</ul>
Photo courtesy: Shutterstock

SPACE

Tech

SpaceX CEO Elon Musk Says Starship For Next Test Flight Would Be Ready In '4 To 6 Weeks'

Telsey Advisory Group analyst Dana Telsey maintains VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) with a Market Perform and maintains $27 price target.

Telsey Advisory Group Maintains Market Perform on VF, Maintains $27 Price Target

Telsey Advisory Group analyst Joseph Feldman maintains Costco Wholesale (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COST#NASDAQ">COST</a>) with a Outperform and maintains $1100 price target.

Telsey Advisory Group Maintains Outperform on Costco Wholesale, Maintains $1100 Price Target

Telsey Advisory Group analyst Dana Telsey maintains Macy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/M#NYSE">M</a>) with a Market Perform and lowers the price target from $17 to $15.

Telsey Advisory Group Maintains Market Perform on Macy's, Lowers Price Target to $15

Telsey Advisory Group analyst Dana Telsey maintains a.k.a. Brands Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) with a Market Perform and lowers the price target from $22 to $18.

Telsey Advisory Group Maintains Market Perform on a.k.a. Brands Holding, Lowers Price Target to $18

Telsey Advisory Group analyst Joseph Feldman downgrades Traeger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COOK#NYSE">COOK</a>) from Outperform to Market Perform and lowers the price target from $4 to $2.5.

Downgrades

COOK

Telsey Advisory Group Downgrades Traeger to Market Perform, Lowers Price Target to $2.5

Federal Reserve officials may need to wait until summer before gaining enough clarity to adjust interest rates, as policy changes under the Trump administration create <a href="https://www.benzinga.com/25/03/44149983/feds-beige-book-shows-slight-growth-consumer-spending-decreased">significant economic uncertainty</a>, Atlanta Federal Reserve Bank President Raphael Bostic said Thursday.
What Happened: &#8220;There&#8217;s a lot of transition that&#8217;s happening, and in the mid of this transition it&#8217;s hard to know exactly where things are going to land,&#8221; Bostic said at an event hosted by the Birmingham Business Journal, according to Reuters. &#8220;I&#8217;d be surprised if we got a lot of clarity before the late spring or into the summer. We&#8217;ll have to just sort of really be patient.&#8221;
The Fed, which cut rates by a full percentage point in 2024, currently maintains its benchmark rate in the 4.25%-4.50% range. Policymakers are expected to hold rates steady at their upcoming Mar 18-19 meeting.
Bostic cited multiple factors contributing to what he called &#8220;incredible flux&#8221; in the economy, including tariffs, trade policy, inflation volatility, declining consumer sentiment, immigration policy impacts on labor markets, energy policy, tax changes, federal spending, and geopolitical tensions.
See Also:&nbsp;<a href="https://www.benzinga.com/general/space/25/03/44159724/jeff-bezos-brings-amazons-hard-charging-culture-50-hour-workweek-to-blue-origin-ceo-says-growth-led-to-more-bureaucracy-less-focus" target="_blank" rel="noreferrer noopener">Jeff Bezos Brings Amazon&#8217;s Hard-Charging Culture, 50-Hour Workweek To Blue Origin: CEO Says Growth Led To ‘More Bureaucracy…Less Focus&#8217;</a>
Why It Matters: The comments come as President Donald Trump has <a href="https://www.benzinga.com/news/25/03/44092335/trumps-tariffs-threaten-canada-mexico-china-and-american-wallets">introduced a series of tariff actions</a> since his January inauguration, including plans for 25% tariffs on Canadian and Mexican imports and 20% on Chinese goods.
These moves have contributed to market expectations for earlier and additional Fed rate cuts, with futures contracts now pricing in a likely May reduction followed by two more cuts this year.
Recent economic data presents a mixed picture. The Fed&#8217;s Beige Book released Wednesday showed slight <a href="https://www.benzinga.com/25/03/44149983/feds-beige-book-shows-slight-growth-consumer-spending-decreased">overall economic growth since mid-January</a>, with decreased consumer spending and increased price sensitivity for discretionary items, particularly among lower-income consumers.
The PCE price index, the Fed&#8217;s preferred inflation gauge, grew 2.5% year-over-year in January, marking its first slowdown in four months but still above the Fed&#8217;s 2% target.
&#8220;If I was waiting before to see and get a clear signal about where the economy is going to go, I&#8217;m definitely waiting now, because the directionality is very much up in the air,&#8221; Bostic said, emphasizing that tariffs will eventually mean higher prices for American households already struggling with elevated costs.
Read Next:
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He'd Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment'</a></li>
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Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Economics

Federal Reserve

Fed's Bostic On Rate Cuts: 'Directionality Is Very Much Up In The Air' Amid Trump's Economic Shifts, Tariffs

The Future Fund Managing Partner Gary Black on Thursday hit back at Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) bulls who criticized him for trimming the company&#8217;s holdings in mid-November.
What Happened: &#8220;No one ever went broke by taking profits,&#8221; Black said. The fund manager <a href="https://www.benzinga.com/markets/equities/24/11/42156674/gary-black-defends-tesla-trim-at-351-no-one-ever-went-broke-by-taking-profits-amid-stocks-150-surge-since-april">trimmed his holdings</a> after the stock rose in the aftermath of Trump&#8217;s landslide victory as investors hoped for a favorable regulatory environment for autonomous vehicles owing to CEO Elon Musk&#8216;s close ties with the newly elected President. However, the stock has pared its gains since. 
&#8220;Tesla uberbulls gave us a ton of grief for trimming TSLA at $351 in mid-Nov after TSLA had increased 150% since April. One has to like TSLA less at $350 than $150, ceteris paribus,&#8221; Black said in a post on X, formerly Twitter. &#8220;Now that TSLA has given up 90% of its post-election bounce, bulls who trashed us for trimming have gone largely silent.&#8221; 
Tesla shares closed down 5.6% at $263.45 on Thursday. The stock is down 30.5% year-to-date but up by 47% over the past year, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. 
Why It Matters: On Dec. 17, Tesla closed at an all-time high of $479.86, before pulling back owing to a year-on-year drop in vehicle deliveries in 2024 and other market pressures. 
Some bulls like Dan Ives, however, continue to be optimistic. On Thursday, the Wedbush Securities analyst added Tesla to the firm's Best Ideas List, <a href="https://www.benzinga.com/markets/equities/25/03/44184412/dan-ives-calls-out-elephant-in-the-room-amid-tesla-selloff-addresses-elon-musks-doge-role-and-trump-ties-as-wedbush-reiterates-550-target">reiterating an "Outperform" rating </a>and $550 price target despite growing challenges facing the electric vehicle maker.
"This is a gut check moment for Tesla bulls after this massive sell-off," Ives posted on X, calling the current situation a critical juncture where negative sentiment has overshadowed Tesla's potential as "a unique disruptive global tech story."
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/general/space/25/03/44162633/elon-musk-thinks-iss-has-served-its-purpose-and-should-be-deorbited-but-sunita-williams-says-it-is-still-at-its-prime-this-place-is-ticking-its-just-really-amazing" target="_blank" rel="noreferrer noopener">Elon Musk Thinks ISS Has Served Its Purpose And Should Be Deorbited, But Sunita Williams Says It Is Still At Its Prime: ‘This Place Is Ticking. It's Just Really Amazing'</a></li>
</ul>
Photo courtesy: Shutterstock

Analyst Color

TSLA

'No One Went Broke By Taking Profits': Gary Black On Trimming Tesla Position In November

TD Securities analyst Andrew Charles reiterates Wendy's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WEN#NASDAQ">WEN</a>) with a Hold and maintains $16 price target.

Reiteration

TD Securities Reiterates Hold on Wendy's, Maintains $16 Price Target

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 experimenting with a new look for Gboard on Android, introducing circular and pill-shaped keys that are currently rolling out to some beta testers.
What Happened: A Gboard beta update (version 15.1) on Thursday introduced a major visual redesign, replacing the traditional rounded rectangular keys with fully circular keys for letters and pill-shaped keys for the space bar and function buttons, <a href="https://9to5google.com/2025/03/06/gboard-circle-keys/">reported</a> 9To5Google.
The new design offers a more modern, rounded aesthetic, but some users have noted that it feels more cramped, especially for those who use the &#8220;Long press for symbols&#8221; feature.
See Also: <a href="https://www.benzinga.com/startups/25/02/43681931/googles-ai-ambitions-spark-cost-cuts-over-25000-employees-offered-buyouts-as-company-focuses-on-speed-and-efficiency">Google&#8217;s AI Ambitions Spark Cost Cuts – Over 25,000 Employees Offered Buyouts as Company Focuses on &#8216;Speed and Efficiency&#8217;</a>
The shift moves Gboard further away from the square key design found on most physical keyboards, aligning it more with touch-friendly mobile UI trends.
This update follows Google&#8217;s simplification of Dynamic Color theming and changes to the shortcut button in the suggestion strip. The new key shapes are currently limited to select beta users, and it's unclear if or when Google will roll them out widely.
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: Gboard is one of the most widely used smartphone keyboards, and even small design tweaks impact millions of users.
This change reflects Google&#8217;s push toward a more modern and touch-optimized UI, but whether users will embrace the rounded keys remains to be seen.
For those who dislike the new look, Google still allows users to disable key borders in Gboard Settings &gt; Theme.
Price Action: Alphabet Inc. Class A closed at $172.35 on Thursday, down 0.39%, but rose to $173.26 in pre-market trading on Friday. Class C finished at $174.21, down 0.45%, before climbing to $175.10 in pre-market Friday, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Media

GOOG

GOOGL

Google Is Testing Circular And Pill-Shaped Gboard Keys: But Do You Actually Want Them?

Activist short seller Andrew Left&#8216;s Citron Research warned investors about Gorilla Technology Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRRR#NASDAQ">GRRR</a>) on Thursday, stating on X that concerns about the company are &#8220;just the tip of the iceberg.&#8221;
What Happened: Citron&#8217;s comments came in response to a critical report published by Edwin Dorsey of The Bear Cave, which questioned the recent retail investor enthusiasm driving GRRR&#8217;s remarkable <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44174230/short-seller-targets-gorilla-technology-group-stock-investors-take-profits">956% stock surge over the past six months</a>.
The Taiwan-based company, which describes itself as &#8220;a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, and Internet of Things technology,&#8221; has aggressively pivoted to AI-powered technology under CEO and Chairman Jay Chandan, who led the SPAC that took Gorilla public in July 2022.
Despite its technological ambitions spanning smart cities, blockchain, AI, and IoT, The Bear Cave report highlighted that approximately 94% of Gorilla&#8217;s revenue came from just two customers: the Government of Egypt and the Criminal Investigation Bureau of Taiwan.
<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">This is just the tip of the iceberg on this one. <a href="https://t.co/LFAGXj1g2k">https://t.co/LFAGXj1g2k</a>
&mdash; Citron Research (@CitronResearch) <a href="https://twitter.com/CitronResearch/status/1897679262833942789?ref_src=twsrc%5Etfw">March 6, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The report also raised concerns about the company&#8217;s financial reporting, noting the abrupt resignation of its former CFO in September and the dismissal of its longtime auditor after disclosing material weaknesses in internal controls.
See Also:&nbsp;<a href="https://www.benzinga.com/general/space/25/03/44159724/jeff-bezos-brings-amazons-hard-charging-culture-50-hour-workweek-to-blue-origin-ceo-says-growth-led-to-more-bureaucracy-less-focus" target="_blank" rel="noreferrer noopener">Jeff Bezos Brings Amazon&#8217;s Hard-Charging Culture, 50-Hour Workweek To Blue Origin: CEO Says Growth Led To ‘More Bureaucracy…Less Focus&#8217;</a>
Why It Matters: Gorilla Technology shares plunged 19.09% on Thursday to close at $33.91, with after-hours trading showing additional losses of 7.49%.
In response to the short seller report, Gorilla Technology <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44174230/short-seller-targets-gorilla-technology-group-stock-investors-take-profits">management defended itself</a>, stating: &#8220;We are being targeted by short sellers who have no credibility, no valuable insights into our business, and no reputation. Their so-called analysis is nothing more than an attempt to manipulate the market for their own personal gain.&#8221;
The company encouraged investors to rely on &#8220;highly credible analysts with decades of experience&#8221; who follow their business closely rather than &#8220;baseless short reports designed to create noise.&#8221;
Left&#8217;s Citron Research is known for <a href="https://www.benzinga.com/news/legal/25/01/42919568/andrew-left-challenges-federal-charges-thats-not-manipulation">exposing fraud and overvalued stocks</a>, notably Valeant and Nikola. He faced backlash for shorting GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) in 2021.
Gorilla Technology&#8217;s <a href="https://www.benzinga.com/quote/GRRR/analyst-ratings">consensus price target</a> is $11.4 from two analysts, with a high of $18 and a low of $4.8. Northland&#8217;s latest ratings suggest a $13.33 target, implying a 57.50% downside.
<figure class="wp-block-image aligncenter size-full is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/07041122/Screenshot-2025-03-07-at-2.39.31%E2%80%AFPM.png" alt="" class="wp-image-813716" style="width:646px;height:auto" /></figure>
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<li><a href="https://www.benzinga.com/personal-finance/25/03/44065932/mark-cuban-was-asked-how-hed-invest-100k-his-answer-buy-bulk-toothpaste-and-soup-for-the-best-guaranteed-return-on-investment" target="_blank" rel="noreferrer noopener">Mark Cuban Was Asked How He'd Invest $100K — His Answer? Buy Bulk Toothpaste And Soup For The ‘Best Guaranteed Return On Investment'</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.

GRRR

Andrew Left's Citron Research Warns Gorilla Technology's Woes Are 'Just The Tip Of The Iceberg:' 'Recent Retail Investor Enthusiasm... May Be Premature'

Needham analyst Bernie McTernan maintains Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) with a Buy and lowers the price target from $45 to $30.

SSTK

Needham Maintains Buy on Shutterstock, Lowers Price Target to $30

Needham analyst Gerald Pascarelli reiterates Brown-Forman (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BF#NYSE">BF</a>) from Hold to Hold.

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