Janux Therapeutics 株価情報 (NASDAQ: JANX)

最新ニュース Janux Therapeutics (NASDAQ:JANX) 株価情報

Janux Therapeutics

Janux Therapeutics Inc is a clinical-stage biopharmaceutical company developing tumor-activated immunotherapies for cancer. Its proprietary technology has enabled the development of two distinct bispecific platforms: Tumor Activated T Cell Engagers (TRACTr) and Tumor Activated Immunomodulators (TRACIr). The TRACTr platform produces T cell engagers (TCEs) with a tumor antigen-binding domain and a CD3 T cell binding domain, while the TRACIr platform produces bispecifics with a tumor antigen-binding domain and a costimulatory CD28 binding domain.

Janux Therapeutics Inc

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UBS analyst David Dai upgrades Nuvalent (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVL#NASDAQ">NUVL</a>) from Neutral to Buy and maintains the price target from $100 to $100.

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UBS Upgrades Nuvalent to Buy, Maintains Price Target to $100

Sen. Mark Kelly (D-AZ) dismissed Elon Musk&#8217;s recent attack on him, calling the billionaire &#8220;not a serious guy&#8221; and suggesting his only allegiance is to &#8220;billionaires like himself.&#8221;
The former Navy combat pilot and astronaut clashed with Musk after the tech mogul accused him of being a &#8220;traitor&#8221; for his support of Ukraine. Kelly had recently visited the war-torn country and voiced his commitment to ensuring any peace deal with Russia protects Ukraine&#8217;s security.
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<h2 class="wp-block-heading">Musk Calls Kelly a &#8216;Traitor&#8217; Over Ukraine Support</h2>
Kelly shared photos and remarks about his visit, <a href="https://x.com/SenMarkKelly/status/1898872403175858375">writing</a>, &#8220;Just left Ukraine. What I saw proved to me we can't give up on the Ukrainian people. Everyone wants this war to end, but any agreement has to protect Ukraine's security and can't be a giveaway to Putin.&#8221;
<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">Just left Ukraine. What I saw proved to me we can't give up on the Ukrainian people. Everyone wants this war to end, but any agreement has to protect Ukraine's security and can't be a giveaway to Putin. Let me tell you about my trip and why it's important we stand with Ukraine.&#x1f9f5; <a href="https://t.co/6kOw1tTgS6">pic.twitter.com/6kOw1tTgS6</a>
&mdash; Senator Mark Kelly (@SenMarkKelly) <a href="https://twitter.com/SenMarkKelly/status/1898872403175858375?ref_src=twsrc%5Etfw">March 9, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Musk, responding on X, the platform he owns, wrote: &#8220;You are a traitor.&#8221;
Kelly swiftly <a href="https://x.com/SenMarkKelly/status/1899155561171558505">fired</a> back: &#8220;Traitor? Elon, if you don't understand that defending freedom is a basic tenet of what makes America great and keeps us safe, maybe you should leave it to those of us who do.&#8221;
Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing —<a href="https://www.benzinga.com/money/boxabl"> this is your last chance to become an investor for $0.80 per share.</a>
<h2 class="wp-block-heading">&#8216;He's Not a Serious Guy&#8217;</h2>
Speaking to reporters in Washington on Monday, Kelly dismissed Musk's remarks. &#8220;Obviously, he&#8217;s not a serious guy,&#8221; Kelly <a href="https://x.com/DailyCaller/status/1899456338125570449">said</a>.
<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">&#x1f6a8; Sen. Mark Kelly Fires Back at Elon Musk &#x1f6a8; &quot;Obviously, he&#39;s not a serious guy. He&#39;s like a 12-year-old&#8211;so I don&#39;t take him seriously.&quot; <a href="https://t.co/qm3gojAWHR">pic.twitter.com/qm3gojAWHR</a>
&mdash; Daily Caller (@DailyCaller) <a href="https://twitter.com/DailyCaller/status/1899456338125570449?ref_src=twsrc%5Etfw">March 11, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Kelly also took aim at Musk's influence over government decisions, accusing him of slashing budgets to benefit billionaires at the expense of public service. &#8220;He&#8217;s like a 12-year-old. So I don&#8217;t take him seriously. I served our country in the Navy for 25 years. When I was 22 years old, I swore an oath to defend the Constitution. I&#8217;ve lived that oath my entire life. I&#8217;m not sure if Elon has sworn an oath to anything. If I was to guess, probably to billionaires like himself.&#8221;
Kelly also criticized Musk on MSNBC for firing veterans from his companies despite their strong performance. &#8220;The only oath I can think of that maybe Elon has sworn is an oath to his own checking account, to his pocketbook, an oath maybe to ruining the lives of veterans. I had veterans in my office last week who, after really good performance reports, found out that Elon Musk fired them for poor performance. He was ruining these people's lives … they did not deserve to get fired by an email from an unelected billionaire.&#8221;
See Also: <a href="https://www.benzinga.com/money/elon-musk-told-the-u-n-if-they-could-show-a-plan-for-ending-world-hunger-hed-donate-6-billion-i-will-sell-tesla-stock-right-now-and-do-it">Elon Musk Told The U.N. If They Could Show A Plan For Ending World Hunger He'd Donate $6 Billion – ‘I Will Sell Tesla Stock Right Now And Do It'</a>
<h2 class="wp-block-heading">Musk's History With Ukraine</h2>
Musk has been criticized in the past for his stance on Ukraine. In 2023, he reportedly blocked a Ukrainian military operation against Russia's navy by refusing to activate his Starlink satellite system in Crimea. In 2022, he suggested in a Twitter <a href="https://x.com/elonmusk/status/1576969255031296000">poll</a> that Ukraine should allow Russia to take Crimea as part of a peace deal.
Kelly&#8217;s visit to Ukraine came amid growing concerns over President Donald Trump's approach to the war. Trump has suspended military aid, criticized Ukrainian President Volodymyr Zelenskyy, and pushed for negotiations that exclude Ukraine. Kelly said he spoke to a wounded Ukrainian soldier about the shift in U.S. policy and received a blunt response: &#8220;What the f&#x2A;&#x2A;&#x2A;?&#8221;
<h2 class="wp-block-heading">Bernie Sanders Condemns Musk's Attack</h2>
Musk&#8217;s remarks drew backlash from lawmakers, including Sen. Bernie Sanders (I-VT). &#8220;It is really unspeakable. It really is. I think the American people are sick and tired of the wealthiest guy in the world running the United States government and calling, in this case, a guy who put his life on the line to defend us, a traitor. That's beyond the pale,&#8221; Sanders told CNN.
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'Elon Musk Isn't A Serious Guy,' Says Sen. Mark Kelly—Suggests He's Only Loyal Is To 'Billionaires Like Himself,' Not The Public

B. Riley Securities analyst Ryan Pfingst maintains Montauk Renewables (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTK#NASDAQ">MNTK</a>) with a Neutral and lowers the price target from $4 to $3.

MNTK

B. Riley Securities Maintains Neutral on Montauk Renewables, Lowers Price Target to $3

Thermo Fisher Scientific's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>) short percent of float has risen 7.84% since its last report. The company recently reported that it has 4.15 million shares sold short, which is 1.1% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.21 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Thermo Fisher Scientific Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741958126_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Thermo Fisher Scientific has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Thermo Fisher Scientific's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Thermo Fisher Scientific's peer group average for short interest as a percentage of float is 6.24%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Is the Market Bullish or Bearish on Thermo Fisher Scientific?

Upstart Hldgs's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPST#NYSE">UPST</a>) short percent of float has fallen 6.13% since its last report. The company recently reported that it has 16.72 million shares sold short, which is 20.35% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.73 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Upstart Hldgs Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741958121_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Upstart Hldgs has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Upstart Hldgs's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Upstart Hldgs's peer group average for short interest as a percentage of float is 6.18%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

UPST

How Is The Market Feeling About Upstart Hldgs?

Bank of America's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) short percent of float has fallen 14.88% since its last report. The company recently reported that it has 78.49 million shares sold short, which is 1.03% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Bank of America Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741958116_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Bank of America has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Bank of America's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Bank of America's peer group average for short interest as a percentage of float is 1.16%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

What's Driving the Market Sentiment Around Bank of America?

Events

SOUN

SoundHound AI To Participate In 2025 NVIDIA GPU Technology Conference

B. Riley Securities analyst Mayank Mamtani maintains Lineage Cell Therapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/LCTX#AMEX">LCTX</a>) with a Buy and lowers the price target from $4 to $3.

LCTX

B. Riley Securities Maintains Buy on Lineage Cell Therapeutics, Lowers Price Target to $3

Citigroup analyst Michael Rollins downgrades T-Mobile US (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>) from Buy to Neutral and announces $268 price target.

Downgrades

TMUS

Citigroup Downgrades T-Mobile US to Neutral, Announces $268 Price Target

Wagers on a U.S. recession in 2025 have climbed sharply in recent weeks, as softer-than-expected economic data and cautious outlooks from <a href="https://www.benzinga.com/topic/expert-ideas">economists fuel investor anxiety.</a>
The likelihood of the U.S. economy entering a recession this year has hit 37%, according to betting markets tracked by CFTC-regulated Kalshi.
A $100 wager on a "yes" outcome in the market "Recession this year?" would yield $243 if a recession materializes.
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<h3 class="wp-block-heading">Is A 2025 Recession Really Inevitable?</h3>
"There's also confusion over the outlook for U.S. economic growth,&#8221; said David Morrison, senior market analyst at Trade Nation. 
&#8220;The current expectation is that this is about to slow sharply, thanks to a great extent to tariffs, with an increased probability of an outright recession in 2025," he added. 
Latest economic forecasts paint a concerning picture. The Atlanta Federal Reserve's GDPNow model forecasts a 2.4% contraction in the first quarter. That&#8217;s a stark reversal from the 2.3% expansion in the fourth quarter of 2024.
Interest rate expectations reflect these concerns, as Morrison highlighted. Traders now anticipate three 25-basis-point rate cuts from the Federal Reserve in 2025, a notable shift from just one expected cut two months ago.
Trump-related tariffs are a major driver of rising recession risks. &#8220;Tariff fears are pushing companies to increase prices, raising the likelihood of higher inflation this summer and complicating the Fed's policy amid recession concerns,&#8221; said George Vessey, forex and macro strategist at Convera.
Several institutions have adjusted their recession probabilities higher, with JPMorgan economists now estimating a 40% likelihood of a recession in 2025.
The Atlanta Fed's GDPNow model projects a 2.4% contraction in the first quarter, a stark reversal from the 2.3% growth rate seen in the final quarter of 2024. 
Yet, a single quarter of negative GDP does not meet the technical definition of a recession. A recession occurs if there are two consecutive quarters of negative GDP growth.
This still leaves room for the economy to avoid a prolonged slump. 
Bettors wagering $100 on a &#8220;no recession&#8221; outcome stand to earn $153 if the economy remains in positive territory.
<h3 class="wp-block-heading">Political Stakes And Recession Risks</h3>
The political landscape may also play a role in determining whether the U.S. slips into a recession. 
On Friday, U.S. Commerce Secretary Howard Lutnick dismissed the Atlanta Fed's contraction forecast as "ridiculous.
&#8220;It remains to be seen if all of the revolutionary changes to the economy and trans-Atlantic alliances will lead to a recession or if it will lead to higher growth rates in the future,&#8221; Chris Zaccarelli, chief investment officer for Northlight Asset Management, said. 
"We expect [Trump] will avoid a recession that would cost the Republicans their majorities in both houses of Congress in the mid-term elections in late 2026," Ed Yardeni, president of Yardeni Research, said.
Last Sunday, Trump seemed to acknowledge <a href="https://www.benzinga.com/trading-ideas/movers/25/03/44222440/trump-says-economy-faces-period-of-transition-recession-ahead">the possibility of a recession</a> in 2025, citing a &#8220;period of transition.&#8221;
<h3 class="wp-block-heading">A No-Recession Scenario Could Lift Markets </h3>
The S&amp;P 500—tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)—has entered correction territory. It slid more than 10% from its February peak. The market selloff has coincided with rising growth concerns and increasing recession probabilities.
Yet, if the economy defies expectations and avoids a downturn, equities could be poised for a strong rebound. 
Jeff Buchbinder, chief equity strategist at LPL Financial, highlighted that if a recession is averted and the current decline remains within the bounds of a correction, rather than evolving into a full-blown bear market — characterized by a decline of 20% or more — &#8220;then the upside potential over the next nine to 12 months may be as much as double the downside risk.&#8221;
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Image: Shutterstock

Equities

Macro Economic Events

Politics

Econ #s

Economics

ETFs

2025 Recession Bets Are On Fire, Yet Traders Could Still Pocket Over 50% Gains If US Economy Just Holds

<h3>Gainers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>SPDR Select Sector Fund - Technology</td>
<td align="right">210.980</td>
<td align="right">3.320</td>
<td align="right">1.59</td>
<td>44.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>SPDR Select Sector Fund - Consumer Discretionary</td>
<td align="right">195.120</td>
<td align="right">2.520</td>
<td align="right">1.30</td>
<td>3.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>Real Estate Select Sector SPDR Fund (The)</td>
<td align="right">41.050</td>
<td align="right">0.390</td>
<td align="right">0.95</td>
<td>3.7K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>SPDR Select Sector Fund - Financial</td>
<td align="right">47.870</td>
<td align="right">0.450</td>
<td align="right">0.94</td>
<td>178.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>Materials Select Sector SPDR</td>
<td align="right">85.650</td>
<td align="right">0.780</td>
<td align="right">0.91</td>
<td>22.8K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>SPDR Select Sector Fund - Industrial</td>
<td align="right">129.613</td>
<td align="right">0.833</td>
<td align="right">0.64</td>
<td>3.9K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>The Communication Services Select Sector SPDR Fund</td>
<td align="right">95.400</td>
<td align="right">0.560</td>
<td align="right">0.59</td>
<td>475</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>SPDR Select Sector Fund - Energy Select Sector</td>
<td align="right">87.640</td>
<td align="right">0.460</td>
<td align="right">0.52</td>
<td>29.6K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>SPDR Select Sector Fund - Health Care</td>
<td align="right">144.250</td>
<td align="right">0.420</td>
<td align="right">0.29</td>
<td>1.0K</td>
</tr>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>SPDR Select Sector Fund - Utilities</td>
<td align="right">77.510</td>
<td align="right">0.150</td>
<td align="right">0.19</td>
<td>7.7K</td>
</tr>
</tbody>
</table>
<h3>Losers</h3>
<table>
<thead>
<tr>
<th>Symbol</th>
<th>Name</th>
<th align="right">Price</th>
<th align="right">Change ($)</th>
<th align="right">Change (%)</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>SPDR Select Sector Fund - Consumer Staples</td>
<td align="right">79.21</td>
<td align="right">-0.12</td>
<td align="right">-0.16</td>
<td>16.9K</td>
</tr>
</tbody>
</table>
<a href="https://pro.benzinga.com/?utm_source=insights">Pulled from Benzinga Pro data</a> this sector movers alert provides traders with a compiled way to read macro-level market trends. Investors garner a particular interest in sector movers to better determine sectors that are over- or under-performing to make better investing decisions on exchange-traded funds (ETFs) or individual tickers in those sectors. 
To read more about sector movers, <a href="https://www.benzinga.com/movers">click here</a>.

Sector ETFs

Pre-Market Outlook

Movers

XLRE

Select Sector SPDR-Consumer Discretionary

Leading And Lagging Sectors For March 14, 2025

On Friday, Chemours Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CC#NYSE">CC</a>) launched a full-scale product trial with NTT DATA and Hibiya Engineering, Ltd. to advance <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44324876/chemours-joins-forces-with-ntt-data-and-hibiya-engineering-ltd-for-full-scale-opteon-2p50-product-" rel="noreferrer noopener">data center two-phase immersion cooling</a>.
The trial features Chemours&#8217; Opteon 2P50 dielectric fluid and aims to transform cooling strategies with cutting-edge technology.
Opteon 2P50, Chemours&#8217; advanced dielectric thermal management fluid, offers an ultra-low global warming potential of 10 (AR6) and outperforms traditional and single-phase cooling technologies.
It can cut data center cooling energy use by up to 90% and reduce overall energy consumption by 40%.
In most climates, it nearly eliminates water usage while also significantly lowering interior noise pollution. Additionally, it can shrink the physical data center footprint by up to 60%.
This marks a key milestone in the commercialization process, moving from lab trials to field trials, equipment specification, customer selection, and eventual commercial contracts.
The field trial will involve data center operators, equipment manufacturers, engineering firms, IT vendors, and research institutions, ensuring broad industry collaboration.
Kouhei Kurotaki, Deputy Manager of Technology Consulting Division at NTT DATA Japan said, &#8220;Opteon 2P50 directly addresses the growing heat generation and energy use challenges facing data centers, and we believe this trial will help address key value chain questions.&#8221;
Izabela Jasinska, Liquid Cooling Venture Leader, said, &#8220;We developed Opteon 2P50 specifically for data centers, to not only increase the performance and efficiency criteria, but also to dramatically reduce the environmental footprint of data centers around the globe.&#8221;
Last month, the company&nbsp;reported fourth-quarter net sales of $1.359 billion, down 1% year-over-year, which was&nbsp;in line with&nbsp;the consensus and adjusted EPS of $0.11&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/25/02/43780143/chemours-q4-earnings-mixed-results-moderate-outlook-pathway-to-thrive-in-action-more" rel="noreferrer noopener">missed the consensus of $0.12</a>.
Price Action: CC shares are up 1.68% at $13.93 premarket at the last check Friday.
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Image sourced from Shutterstock.

Mid Cap

Chemours Leads Product Trial to Cut Data Center Cooling Energy Use by 90%: Details

Barclays analyst Alex Scott upgrades Skyward Specialty (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKWD#NASDAQ">SKWD</a>) from Equal-Weight to Overweight and raises the price target from $53 to $63.

SKWD

Barclays Upgrades Skyward Specialty to Overweight, Raises Price Target to $63

WIIM

Pilgrim's Pride shares are trading higher after the company announced a special dividend and provided strategy updates including investment plans, brand growth, and retail expansion.

Barclays analyst Brandt Montour initiates coverage on United Parks &amp; Resorts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PRKS#NYSE">PRKS</a>) with a Equal-Weight rating and announces Price Target of $50.

Initiation

PRKS

Barclays Initiates Coverage On United Parks & Resorts with Equal-Weight Rating, Announces Price Target of $50

Heidmar Maritime Holdings Corp. ("Heidmar") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMR#NASDAQ">HMR</a>), announces the expansion of its service offering to include commercial management services for the offshore sector. The Company will act on behalf of a client for a five-year contract to provide a platform supply vessel (PSV) and crew for supply tours in the North Sea. The contract also has three one-year extension options.

Heidmar Maritime Announces The Expansion Of Its Service Offering To Include Commercial Management Services For The Offshore Sector; Will Act On Behalf Of A Client For A 5-Year Contract To Provide A Platform Supply Vessel And Crew For Supply Tours In The North Sea; The Contract Also Has Three 1-Year Extension Options

SCHW

Charles Schwab shares are trading higher after the company announced a year-over-year increase in core new assets and total client assets for February.

<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="900" height="600" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/03/14061342/AjisenW.png" alt="" class="wp-image-7889" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/03/14061342/AjisenW.png 900w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/03/14061342/AjisenW-300x200.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/03/14061342/AjisenW-768x512.png 768w" sizes="(max-width: 900px) 100vw, 900px" /></figure>
The once-dominant ramen house's business has slumped on a mix of intensifying competition and lower consumer spending
<h4 class="wp-block-heading">Key Takeaways:</h4>
<ul>
<li>Ajisen said it lost up to 40 million yuan in 2024, reversing a profit of 180 million yuan in the previous year</li>
<li>The former ramen noodle king's store count sank to 575 in the first half of 2024 from a peak of 799 in 2019</li>
</ul>
Chinese diners are notoriously fickle, with today's hot restaurant often ending as yesterday's leftovers in as little as a year. The country's latest "consumption downgrade" as consumers rein in their spending in favor of cheap eats is only making matters worse, especially for choices considered higher end.
One such chain falling victim to such trends is&nbsp;Ajisen (China) Holdings Ltd.&nbsp;(0538.HK), once hailed as a pioneer of Japanese-style ramen in China. On March 5, the restaurant operator&nbsp;<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2025/0305/2025030501906.pdf">warned</a>&nbsp;that it floated into the red last year with a loss of up to 40 million yuan ($5.51 million), reversing a profit of 180 million yuan in 2023. It blamed its sinking fortunes on revaluation losses on investment properties and lower profitability in the restaurant business.
The revaluation losses related to the weak property market in Hong Kong and on the Chinese Mainland, its two main markets. It said the broader restaurant business is being adversely affected by intensified competition and changes in consumer behavior. It said revenue from its traditional dine-in business has decreased. At the same time, rising demand for takeaway services has increased operating costs, leading to a decline in overall profitability.
Ajisen first sank into the red in the first half of 2024. Its midyear report showed its revenue fell 6.6% year-on-year in the first six months of 2024 to 820 million yuan. It reported a loss of 7.16 million yuan for the period, reversing a profit of 130 million yuan in the same period of 2023. Its shares have taken a bath as its performance slipped, slumping around 25% over the past year to hover around the HK$0.80 level.
<h4 class="wp-block-heading">Erratic bottom line</h4>
The move into the red isn't new for Ajisen, whose profitability has been erratic in the last five years. The company recorded a profit of 160 million yuan in 2019, only to report a loss of 78 million yuan the next year. It returned to the black with a profit of 21 million yuan in 2021, followed by a loss of 140 million yuan in 2022 and finally a profit of 180 million yuan again in 2023.
The chain's ability to keep clawing its way back to profits may owe partly to its continuous cost reduction and improved efficiency. Its ingredient costs as a percentage of revenue dropped to 24.4% in 2023 from 26.2% in 2022, while labor costs decreased from 29.8% to 26.2% over that time, and other operating costs fell from 26.3% to 25%.
But will such cost-cutting and efficiency improvements be enough to counter the longer-term headwinds?
Originally from Japan, Ajisen was first introduced to Hong Kong in 1996 by local entrepreneur Poon Wei. After succeeding in the city, she opened the first Ajisen on the Chinese Mainland in 1998 in Shenzhen, and then expanded rapidly across the country. In 2007, the company made a Hong Kong IPO, achieving a market capitalization of more than HK$20 billion ($2.57 billion), earning Poon the nickname of "Ramen Queen".
At its peak in 2010, Ajisen floated a plan to have 1,000 stores in Mainland China within five years. But then the company got mired in a "Bone Broth" scandal in 2011, as people discovered its famous broth that it claimed was the product of 20 hours of simmering was actually made from a concentrate. That greatly tarnished Ajisen's image, taking it years to recover.
<h4 class="wp-block-heading">Rise of new Chinese-style noodle houses</h4>
That incident marked a turning point for the company, following its years on the rise. Starting in 2010, other ramen brands such as Ichiran, Kagetsu Arashi and Butao started coming to China, giving consumers more choices. As they provided more options, the once dominant Ajisen's stagnating brand began to look stale.
Targeting the mid- to high-end of the market, with bowls of noodles costing more than 40 yuan, Ajisen carved out a place mainly serving white-collar workers in shopping centers and office buildings. But people gradually came to feel its dining experience and meal quality didn't seem to merit its relatively high prices. "It looks like fast food but isn't cheap" some netizens commented.
Following the initial influx of new ramen chains, a number of new Chinese noodle houses stirred up the competition even more starting around 2020. Higher-end brands, such as Hefu, Majiyong, Chenxianggui and Zhanglala debuted and immediately became favorites of both diners and investors. Hefu completed six funding rounds, and at one time was rumored to be planning a Hong Kong IPO. Such new challengers further squeezed Ajisen's market share.
These newcomers are also suffering under the latest "consumption downgrade" in China's slowing economy. White-collar office workers no longer want to spend more money on high-end noodles, leaving such eateries high and dry. According to business registry Qichacha, China registered 31,000 new noodle houses in the first five months of last year, while 29,000 were de-registered after closing. That net growth was lower than in previous years, showing growing pressure on the group.
Meantime, Ajisen never reached its grand plan for 1,000 stores. Its count peaked at 799 in 2019 and has been falling ever since, down to 562 by 2023. Things stabilized last year and the count grew slightly to 575 in the first half of 2024. But the chain is still far from its peak in 2019, and the earlier 1,000-store target now seems like a distant dream.
Despite its stock declines, Ajisen's shares still trade at a relatively savory price-to-earnings (P/E) ratio of about 20 times, higher than the 14 for&nbsp;Jiumaojiu&nbsp;(9922.HK) and 13.5 of&nbsp;Tai Hing Group&nbsp;(6811.HK). That means investors may still see value in the stock, even if such a ratio doesn't appear to match the company's performance, leaving it at risk of appearing overvalued.
At the end of the day, the future for this pioneer and former superstar of China's restaurant scene looks increasingly cloudy. In the face of challenges from brand stagnation, intensifying competition and consumer caution, cost controls seem inadequate to revive its fortunes, and a bigger overhaul, including a rebranding, looks necessary. But whether this former "Ramen Queen" can revive her fortunes remains to be seen.

Asia

Restaurants

China's Consumption Downgrade Claims Yet Another Victim - Ajisen

Press Releases

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Janux Therapeutics Announces Closing of Underwritten Public Offering of Common Stock and Pre-Funded Warrants Including Full Exercise of Underwriters' Option to Purchase Additional Shares for Total Gross Proceeds of $402.5 Million

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