Cartesian Therapeutics 株価情報 (NASDAQ: RNAC)

最新ニュース Cartesian Therapeutics (NASDAQ:RNAC) 株価情報

CARTESIAN THERAPEUTICS INC

Cartesian Therapeutics

Cartesian Therapeutics Inc is a clinical-stage biopharmaceutical company. The company uses its ImmTOR immune tolerance platform, which is designed to give rise to antigen-specific immunity, mitigating unwanted immune responses. The company leverages its proprietary technology and manufacturing platform to introduce one or more mRNA molecules into cells to enhance their function.

Cartesian Therapeutics, Inc. - Common Stock

Cartesian Therapeutics Inc

On Tuesday, Zydus Lifesciences Ltd. announced its entry into the global biologics contract development and manufacturing organization (CDMO) business through its plan to acquire Agenus Inc.&#8217;s&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGEN#NASDAQ">AGEN</a>) U.S.-based <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/n45743601/zydus-to-enter-global-biologics-cdmo-business-plans-to-acquire-agenus-u-s-manufacturing-facilities" rel="noreferrer noopener">biologics CMC facilities</a>.
The acquisition marks Zydus&#8217; strategic investment in U.S.-based biologics manufacturing, thereby adding a sustainable growth driver for the group.
Agenus is a clinical-stage <a target="_blank" href="https://www.benzinga.com/general/health-care" rel="noreferrer noopener">immuno-oncology company</a>.
Zydus will acquire two biologics manufacturing facilities from Agenus in Emeryville and Berkeley, California, for an upfront consideration of $75 million and a contingent payment of $50 million to be paid over three years subject to the achievement of certain revenue milestones.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/11/42216436/agenus-secures-22m-mortgage-and-announces-strategic-realignment-to-focus-on-cancer-drug-development" rel="noreferrer noopener">Agenus Gets $22M Mortgage, Plans Strategic Realignment To Focus On Colorectal Cancer Drug Development</a>
This acquisition provides Zydus with immediate access to advanced biologics manufacturing capabilities and establishes a key presence in&nbsp;California.
As part of the transaction, Zydus will become an exclusive contract manufacturer for Agenus and will provide manufacturing services for the clinical and commercial supply of two identified Phase-3-ready immuno-oncology products, Botensilimab (BOT) and Balstilimab (BAL).
Zydus will also have the first right of negotiation to manufacture any of the future pipeline products developed by Agenus. Zydus intends to further expand the team.
The company presented new translational data for BOT/BAL at the 2025 American Society of Clinical Oncology (ASCO) Annual Meeting.
The study demonstrated that botensilimab-based therapy induces a robust and persistent T cell immune response in microsatellite stable (MSS), or mismatch repair proficient (pMMR), metastatic colorectal cancer (mCRC).
HC Wainwright analyst Emily Bodnar wrote on Wednesday, &#8220;We are unsurprised by the manufacturing facilities&#8217; sale and outlicensing of bot/bal as these decisions were consistent with remarks previously made by management.&#8221;
During its first-quarter earnings, Agenus said it is on track to reduce its annualized operating cash burn below $50 million starting in the second half of 2025, supported by recent cost optimization measures enabling the company to direct resources toward realizing the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45344207/agenus-reports-q1-2025-financial-results-and-key-business-updates" rel="noreferrer noopener">potential of BOT/BAL</a>.
The company also mentioned it is in the final stages of an important collaboration, which will result in a substantial cash infusion.
Agenus ended the first quarter of 2025 with a consolidated cash balance of $18.5 million.
The analyst says the company has sufficient funding to advance bot/bal through a Phase 3 trial, which is expected to be initiated in the second half of 2025.
Bodnar upgraded the stock from Neutral to Buy, with <a href="https://www.benzinga.com/quote/AGEN/analyst-ratings" target="_blank" rel="noreferrer noopener">a price target of $25</a>.
The analyst estimates bot/bal approval in the U.S. and EU in 2028 and 2029, respectively, with peak market penetrations of 30% in the U.S. by 2034 and 15% in the EU by 2035.
HC Wainwright estimates peak sales for bot/bal in third-line MSS-CRC of ~$929 million by 2038.
Baird maintains Agenus with a Neutral, raising the price target from $4 to $6.
Price Action: AGEN stock is up 17% at $5.86 at the last check on Wednesday.
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Photo: Gorodenkoff/Shutterstock

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AGEN

Analyst Upgrades Agenus As Zydus Deal Alleviates Cash Overhang

WIIM

Chagee Holdings shares are trading higher after Citigroup initiated coverage on the stock with a Buy rating and announced a price target of $43.7.

Macquarie analyst Steve Koenig maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Neutral and raises the price target from $190 to $210.

Price Target

SNOW

Macquarie Maintains Neutral on Snowflake, Raises Price Target to $210

APLD

Applied Digital shares are trading higher after B. Riley Securities raised its price target on the stock from $8 to $15.

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iShares PHLX SOX Semiconductor Sector Index Fund

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Shares of several semiconductor companies are trading higher amid GlobalFoundries' announcement to commit $16 billion towards US chip expansion, which may be buoying investor sentiment towards the space.

JP Morgan analyst Mark R Murphy <a href="https://www.benzinga.com/quote/DOCU/analyst-ratings" target="_blank" rel="noreferrer noopener">maintained a Neutral rating</a> on DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) with a price forecast of $81 on Tuesday.
Heading into DocuSign&#8217;s fiscal first-quarter earnings report, Murphy maintained a cautiously optimistic view, expecting the company to deliver relatively stable execution despite a dynamic-but-manageable macro environment.
The analyst noted that DocuSign&#8217;s recent pattern of fairly conservative guidance sets the company up well to deliver upside to current fiscal first-quarter estimates, while still likely allowing it to maintain some cushion for the back-half of the year to account for ongoing macroeconomic and geopolitical volatility.
Also Read: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45776761/jpmorgan-bullish-on-hewlett-packard-enterprises-future-cites-durable-non-ai-segments-capital-returns">JPMorgan Bullish On Hewlett Packard Enterprise&#8217;s Future, Cites &#8216;Durable&#8217; Non-AI Segments, Capital Returns</a>
He continues to sense a more balanced risk-reward profile for DocuSign in the medium term, with Intelligent Agreement Management (IAM) traction continuing to drive some stabilization and improvement in growth rates. This is partially balanced by an inferior GAAP profitability framework amid an ongoing IAM investment cycle and some exposure to macro-sensitive end-markets.
Murphy noted that DocuSign is well positioned to meet or exceed its fiscal first-quarter guidance bar, calling for +6% CC revenue and proforma billings growth. Both of these call for some deceleration versus the prior quarter, though they include some leap year impact.
While DocuSign may elect not to entirely pass through any fiscal first-quarter upside nor incremental currency favorability to the full-year guidance, similar to peers, the analyst noted this could create a favorable setup for the second half, particularly as IAM contributions continue to feather in. Partially balancing this, Murphy said that DocuSign&#8217;s fiscal 2026 outlook assumes consistent macro trends relative to when it was provided in mid-March. As a result, any degradation in underlying demand activity could exert some drag against ongoing improvements in the core business and go-to-market efforts.
While the analyst noted the potential for some continued variability in key metrics, such as customer adds and DNR, he continued to monitor for commentary related to envelopes sent and consumption, for which the company&#8217;s indications have been encouraging in recent quarters, to assess the underlying health of the core business, including in more macro-volatile verticals and geographies. In addition, coming off DocuSign Momentum, where the company highlighted new AI-driven products such as AI Contract Agents backed by its Iris AI engine, Murphy remains focused on DocuSign&#8217;s ability to drive further upsell and diversification from its core eSign base through newer features, likely to aid retention trends over time.
As a reminder, DocuSign also commented that it expects this IAM contribution to grow in fiscal 2026 and represent a &#8220;low-double-digit&#8221; percentage share of its total subscription recurring book of business (ARR) by the fiscal fourth quarter.
Overall, Murphy remains encouraged by the pacing of adoption for this broader IAM platform, which has aligned with his view of an accelerated adoption cycle relative to contract lifecycle management (CLM). 
He noted that much of the penetration today has been in the small and mid-market segments, with the enterprise segment and self-serve motion likely to ramp gradually as the year progresses.
As a reminder, DocuSign disclosed at its Momentum conference in April that over 10K customers had purchased IAM.
The analyst noted that IAM adoption by a &#8220;low-double-digit&#8221; share of the total Subs ARR base by year-end could drive a fairly meaningful uplift in the spending of existing eSign users, potentially resulting in a low-single-digit tailwind to growth trends in the medium-term.
Overall, Murphy noted this as a fairly tepid reading on balance when evaluated on a Y/Y growth basis, though he noted that these results for the first quarter land above five of the past ten quarters.
While an informative additional data point, he cautioned investors from over-indexing these web traffic figures, given the volatility in these metrics and an absence of supporting transaction-based trends within this data.
Murphy projected first-quarter revenue of $747 million and adjusted EPS of $0.82.
Price Action: DOCU stock is trading higher by 1.10% to $92.62 at last check Wednesday.
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Image via Shutterstock

Reiteration

DOCU

DocuSign Macro Risks Could Cap Upside Despite AI, IAM Traction: Analyst

TD Securities analyst Aaron Bilkoski maintains Viper Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VNOM#NASDAQ">VNOM</a>) with a Buy and raises the price target from $57 to $58.

VNOM

TD Securities Maintains Buy on Viper Energy, Raises Price Target to $58

TD Securities analyst Sean Steuart maintains Algonquin Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AQN#NYSE">AQN</a>) with a Hold and raises the price target from $6 to $6.5.

TD Securities Maintains Hold on Algonquin Power, Raises Price Target to $6.5

Guidance

VSCO

CORRECTION: Victoria's Secret & Co Sees Q1 2025 Net Sales Of $1.35B Vs $1.42B Estimate; Adj. EPS Of $0.09 Vs $0.04 Estimate

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) continues to hover near key resistance, with traders closely watching support levels to avoid a <a href="http://deeper summer correction">deeper summer correction</a>.
What Happened: In an update in his <a href="https://www.patreon.com/c/KevCapitalTA/posts">exclusive Patreon group</a>, prominent analyst Kevin highlighted that BTC has once again failed to break above the $106,800 resistance, a level that aligns with the macro 1.703 Fibonacci extension. 
After a 50% rally from cycle lows without a significant pullback, rejection at this level was anticipated.
Kevin pointed to recent golden crosses on both the daily and weekly timeframes (50/200 SMA and 21 EMA/20 SMA), typically followed by 7–10% corrections, and occasionally deeper ones. 
A fresh weekly hash ribbon buy signal—a historically reliable bullish indicator, has also flashed but often precedes short-term dips before upside continuation.
Despite bullish technical setups, Kevin noted mixed macro conditions and seasonal weakness in crypto markets. 
If Bitcoin fails to hold support between $100,000–$103,000, it could slide into a prolonged correction. 
If support holds, BTC could finally break through $106,800 and resume its upward trend.
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45772932/bitcoins-post-golden-cross-correction-playing-out-benjamin-cowen-flags-signs-of-q3-weakness">Bitcoin&#8217;s Post-Golden Cross Correction Playing Out — Benjamin Cowen Flags Signs Of Q3 Weakness</a>
Why It Matters: Daan Crypto Trades <a href="https://x.com/DaanCrypto/status/1930293971370291252">echoed</a> the uncertain near-term outlook, emphasizing that Bitcoin&#8217;s price has reliably followed a 4-year halving cycle, whether measured top-to-top or bottom-to-bottom.
He pushed back against speculation that this cycle will behave differently due to ETFs or broader market maturity, arguing that such claims were made in prior cycles too. 
"Skepticism about the cycle actually strengthens it," he said, reaffirming his plan to scale out of positions gradually through late 2025, just as he did in the 2021 cycle peak.
What's Next: Traders now look to the $100,000–$103,000 zone as a critical line in the sand. 
A breakdown could open the door to a summer slump, while a rebound might trigger a breakout above resistance, potentially setting the stage for a fresh leg up.
Read Next:
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<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45767169/bitcoin-ethereum-xrp-dogecoin-tick-up-as-battle-for-105000-intensifies">Bitcoin, Ethereum, XRP, Dogecoin Tick Up As &#8216;Battle For $105,000&#8217; Intensifies</a></li>
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Bitcoin Stuck At $105,000: What Does Technical Analysis Say?

SSRM

SSR Mining shares are trading lower after the company announced its operations at Seabee have been temporarily suspended.

AnaptysBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANAB#NASDAQ">ANAB</a>) on Tuesday released updated data from the Phase 2b trial of rosnilimab, a PD-1 depleter and agonist, for <a href="https://www.benzinga.com/general/health-care" target="_blank" rel="noreferrer noopener">rheumatoid arthritis</a>.
In the 424-patient 2b trial, rosnilimab achieved JAK-like efficacy on multiple clinically meaningful measures, including low disease activity (LDA) and remission on the Clinical Disease Activity Index (CDAI), as well as ACR70 response, <a target="_blank" href="https://www.benzinga.com/pressreleases/25/06/g45757627/anaptys-announces-positive-rosnilimab-data-updated-through-six-months-in-robust-phase-2b-trial-in-" rel="noreferrer noopener">over six months</a>.
Furthermore, responses were then durable for at least two months off the drug.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/biotech/24/12/42445688/anaptysbio-discontinues-investment-in-eczema-candidate-after-disappointing-data" rel="noreferrer noopener">AnaptysBio Discontinues Investment In Eczema Candidate After Disappointing Data</a>
Rosnilimab was safe and well tolerated, particularly compared to standard-of-care biologics or JAKs.
All three doses (100mg Q4W, 400mg Q4W, 600mg Q2W) achieved statistically significant reductions in DAS-28 CRP and ACR20 at Week 12 versus placebo.
CDAI LDA (≤10) was achieved by 45% of 318 rosnilimab patients by Week 12, increasing to 69% (220 responders) across all doses by Week 14.
The company aims to complete its Phase 2 study for rosnilimab in ulcerative colitis/UC, with initial data expected in the fourth quarter of 2025.
As of the March 11, 2025&nbsp;data cutoff date, 83% were still in LDA at Week 34 across all doses. Of the remaining 17% of patients who did not sustain CDAI LDA at Week 34, most remained near the cutoff of CDAI=10, with a median CDAI of 13.
Rosnilimab demonstrated clinically meaningful improvements that deepened through Week 28 across multiple validated patient-reported outcomes, including the pain visual analog scale (VAS) and the health assessment questionnaire, or HAQ-Disability Index (DI), a self-reporting tool to measure function and disability.
HC Wainwright analyst Emily Bodnar wrote on Wednesday, &#8220;Given the data showcase a positive holistic story for rosnilimab in RA, we are increasingly positive on upcoming UC data.&#8221;
Bodnar upgraded AnaptysBio from Neutral to Buy, raising the price target<a href="https://www.benzinga.com/quote/ANAB/analyst-ratings" target="_blank" rel="noreferrer noopener"> from $22 to $38</a>.
HC Wainwright Highlights Competitor Datasets
Data using non-responder imputation (NRI) from Week 24 of the SELECT-CHOICE trial, which compared AbbVie Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) Rinvoq vs Bristol Myers Squibb&nbsp;&amp; Co&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) Orencia in rheumatoid arthritis (RA), showed similar results for both drugs. These findings align with the results seen for the company&#8217;s rosnilimab at Week 28, even though about 29% of patients had previously been treated with JAK inhibitors.
In contrast, Eli Lilly And Co&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) now-discontinued PD-1 agonist peresolimab showed a drop in CDAI LDA rates—from 55% at Week 14 to 37% at Week 24. This is notably lower than the 53–63% range reported for rosnilimab at Week 28.
Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) is also set to present early data for its PD-1 agonist at the upcoming EULAR conference, though its study is smaller than AnaptysBio&#8217;s.
Price Action: ANAB stock is down 12.1% at $20.66 at the last check on Wednesday.
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</ul>
Photo: Shutterstock

Analyst Color

ABBV

ANAB

AnaptysBio's Arthritis Drug Matches Top Therapies In Phase 2 Trial, Analyst Sees Turning Point

Peloton Interactive, Inc. shares are trading higher Wednesday. On Tuesday, a report suggested the company is launching a resale market for used bikes and treadmills.
The Details: According to <a href="https://www.cnbc.com/2025/06/03/peloton-launching-resale-market-for-used-bikes-treadmills.html">CNBC</a>, Peloton has rolled out Repowered, a platform that lets users list their used equipment and apparel, with pricing guidance provided by a generative artificial intelligence tool.
Sellers will receive 70% of the sale price, with the remainder shared between Peloton and its resale partner Archive. They will also get a discount toward new equipment. Buyers will benefit from a lower activation fee, which the company said is dropping from $95 to $45 for used products. 
Peloton said buyers will be able to view the equipment's history on the listing and can choose to have it delivered for an additional fee.
The company also said that as of last summer, connected fitness subscriptions from customers who purchased hardware through secondary channels were up 16% year-over-year.
Repowered launched as a beta version in New York City, Boston and Washington D.C., with plans to expand across the United States in the coming months.
See Also: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45776761/jpmorgan-bullish-on-hewlett-packard-enterprises-future-cites-durable-non-ai-segments-capital-returns">JPMorgan Bullish On Hewlett Packard Enterprise&#8217;s Future, Cites &#8216;Durable&#8217; Non-AI Segments, Capital Returns</a>
PTON Price Action: At the time of writing, Peloton shares are trading 11.2% higher at $7.40, according to data from Benzinga Pro.
Image: via Shutterstock

PTON

Peloton Stock Is Climbing Higher Wednesday: What's Going On?

<a href="https://www.wsj.com/business/media/meta-seeks-hollywood-deals-for-new-virtual-reality-headset-ef3db942">https://www.wsj.com/business/media/meta-seeks-hollywood-deals-for-new-virtual-reality-headset-ef3db942</a>

'Meta Seeks Hollywood Deals for New Virtual-Reality Headset'- WSJ

Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) shares are trading higher Wednesday following its announcement that it&#8217;s no longer subject to asset growth restrictions that were <a href="https://www.benzinga.com//node/45758069">imposed in 2018</a>.
What To Know: On Tuesday, Wells Fargo said the Federal Reserve lifted the asset cap that had been in place since 2018, a penalty tied to the bank's fake-account scandal, according to the <a href="https://apnews.com/article/wells-fargo-federal-reserve-sales-practices-assets-e1d79548c0da446320c441e88de3eea4">Associated Press</a>.
The Federal Reserve&#8217;s decision to lift the asset cap marks a pivotal milestone in our journey to transform Wells Fargo. We are a different and far stronger company today because of the work we&#8217;ve done,&#8221; said Wells Fargo CEO Charlie Scharf.&nbsp;
The fake-accounts scandal, which erupted in 2018, stemmed from a high-pressure sales culture that led employees to open millions of unauthorized accounts in an effort to meet aggressive performance goals.
Since taking the helm in 2019, Scharf has worked to convince regulators that Wells Fargo has overhauled its practices and addressed longstanding compliance failures.
&#8220;In addition, we have changed and simplified our business mix, and we have transformed the management team and how we run the company. We have been methodically investing in the company&#8217;s future while improving our financial results and profile,&#8221; Scharf added.
&#8220;We are excited to continue to move forward with plans to further increase returns and growth in a deliberate manner supported by the processes and cultural changes we have made.&#8221;
See Also: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/06/45775027/pump-funs-1b-token-plan-risks-undermining-solana-defi-fueling-meme-coin-scams-experts-warn">Pump.fun&#8217;s $1B Token Plan Risks Undermining Solana DeFi, Fueling Meme Coin Scams, Experts Warn</a>
WFC Price Action: At the time of publication, Wells Fargo stock is trading 0.41% higher at $75.96, according to data from <a href="https://www.google.com/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.benzinga.com/pro/&amp;ved=2ahUKEwjk9-eNmtiNAxWxg4kEHSKNIm4QFnoECAoQAQ&amp;usg=AOvVaw0xIsPvjIcIIsWev01-6zR2">Benzinga Pro</a>.
Image: via Shutterstock

Wells Fargo Stock Is Trading Higher Wednesday: What's Going On?

<a href="https://x.com/pulte/status/1930323713154789718">https://x.com/pulte/status/1930323713154789718</a>

U.S. Director Of Federal Housing FHFA Pulte Posts On X "I am meeting with the Equifax CEO today, it should be an interesting meeting. I also had a great meeting with the National Association of Realtors and much more"

Roth Capital analyst George Kelly reiterates Mama's Creations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) with a Buy and raises the price target from $9 to $10.

MAMA

Roth Capital Reiterates Buy on Mama's Creations, Raises Price Target to $10

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/06/2025-06-04_08h29_43.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Stock Market Magnet</h4>
Please <a href="https://thearorareport.com/stock-market-chart-analysis-stock-market-magnet-trump-budget-spy-mc-06042025">click here</a> for an enlarged chart of SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul class="wp-block-list">
<li>The chart shows that the pull of zone 1 as the stock market's magnet is very strong.</li>
<li>The chart shows that RSI has now become barely overbought.&nbsp; This indicates that there is room for the stock market to move to zone 1, but the stock market can also pull back due to overbought conditions.</li>
<li>Elon Musk is calling President Trump's budget a "disgusting abomination."&nbsp; Musk says, "Congress is making America bankrupt." Musk claims that President Trump's "One Big Beautiful Bill" will massively increase the budget deficit to $2.5T. 
<ul class="wp-block-list">
<li>The momo crowd buys Tesla Inc (TSLA) stock on every comment from Musk.  How is the momo crowd reacting to Musk's comment about President Trump's budget?  The momo crowd is aggressively buying stocks as the pull of the zone 1 magnet in the stock market is much stronger than Musk's influence.</li>
<li>Prudent investors should pay attention to Musk's comment about President Trump's budget.&nbsp; After all, Musk spent $250M of his own money to get Trump elected and countless hours in Washington on DOGE to help President Trump.</li>
</ul>
</li>
<li>President Trump said, "I like President XI of China, always have, and always will, but he is VERY TOUGH, AND EXTREMELY HARD TO MAKE A DEAL WITH!!!" 
<ul class="wp-block-list">
<li>How does the momo crowd react to President Trump's statement?&nbsp; The momo crowd is buying stocks because President Trump likes President Xi, and they are ignoring President Trump saying that President Xi is extremely hard to make a deal with.</li>
<li>Prudent investors should not ignore half of President Trump's statement.</li>
</ul>
</li>
<li>Automatic Data Processing Inc (ADP) is the largest private payroll processor in the country.   ADP data poured cold water on all the bullishness.  ADP showed employment much weaker than expected.  ADP Employment Change came at 37K vs. 115K consensus. 
<ul class="wp-block-list">
<li>Weak ADP data brought quick selling to the stock market, but as of this writing, the momo crowd is aggressively buying the shallow dip caused by the ADP data.</li>
</ul>
</li>
<li>ADP data comes after JOLTS data.&nbsp; JOLTS came at 7.391M vs. 7.2M prior.&nbsp; JOLTS data contributed to yesterday's stock market rally.</li>
<li>Initial jobless claims will be released tomorrow at 8:30am ET and the official jobs report will be released Friday at 8:30am ET.</li>
<li>ISM Services was released today at 10am ET.  ISM Services data can cause major moves in the markets.  ISM Services data is a leading indicator and carries heavy weight in the adaptive <a href="https://thearorareport.com/ALLOCATION%2BMODELS.htm">ZYX Asset Allocation Model</a> with a long proven track record with inputs in <a href="https://thearorareport.com/unique-zyx-asset-allocation-4/">10 categories</a>.</li>
<li>The Fed's Beige Book will be released today at 2pm ET and may be market moving.</li>
<li>There has been significant Fed speak: 
<ul class="wp-block-list">
<li>Dallas Fed President Logan said the Fed should focus on forward looking policy that is prepared for a high inflation era.</li>
<li>Fed Governor Cook warned of increasing uncertainty with trade policy potentially pressuring inflation and jobs.</li>
<li>Atlanta Fed President Bostic indicated room for one rate cut in 2025.</li>
</ul>
</li>
<li>For the AI trade,  earnings from Broadcom Inc (AVGO) are important.  Earnings will be released after market close.</li>
<li>Also important are earnings from Lululemon Athletica Inc (LULU) as it will give a glimpse into the state of the higher end consumer as well as lower end consumers who purchase Lululemon as a status symbol.</li>
</ul>
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Meta Platforms Inc (META) and NVIDIA Corp (NVDA).
In the early trade, money flows are neutral in Amazon.com, Inc. (AMZN), Alphabet Inc Class C (GOOG), Microsoft Corp (MSFT), and TSLA.
In the early trade, money flows are negative in Apple Inc (AAPL).
In the early trade, money flows are like a yoyo in S&amp;P 500 ETF (SPY) and Invesco QQQ Trust Series 1 (QQQ).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (GLD).  The most popular ETF for silver is iShares Silver Trust (SLV).  The most popular ETF for oil is United States Oil ETF (USO).
<h4 class="wp-block-heading">Oil</h4>
API crude inventories came at a draw of 3.3M barrels vs. a consensus of a draw of 0.9M barrels.&nbsp; This data is bearish for oil, but new politics will trump any data.
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin is range bound.
<h4 class="wp-block-heading">Arora Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.  Our proprietary Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

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Pull Of Stock Market Magnet Stronger Than Musk Calling Trump's Budget A "Disgusting Abomination"

<a href="https://www.federalreserve.gov/monetarypolicy/beigebook202505-summary.htm">https://www.federalreserve.gov/monetarypolicy/beigebook202505-summary.htm</a>

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Fed Beige Book: This Report Was Prepared At The Federal Reserve Bank of ST.; Reports Across the Twelve Federal Reserve Districts Indicate That Economic Activity Has Declined Slightly Since the Previous Report; However, a Few District Reports Indicate the Outlook Has Deteriorated While a Few Others Indicate the Outlook Has Improved; Prices Have Increased at a Moderate Pace Since the Previous Report

Citigroup analyst Paul Lejuez maintains Academy Sports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASO#NASDAQ">ASO</a>) with a Buy and lowers the price target from $60 to $55.

Citigroup Maintains Buy on Academy Sports, Lowers Price Target to $55

Press Releases

Cartesian Therapeutics Announces New Employment Inducement Grant

Earnings

Cartesian Therapeutics Reports Full Year 2024 Financial Results and Provides Business Update

Cartesian Therapeutics to Participate in the 24th Annual Needham Virtual Healthcare Conference

Cartesian Therapeutics Announces New Employment Inducement Grants

Cartesian Therapeutics' Descartes-08 Observed to Provide Deep and Sustained Benefits Through Month 12 After a Single Course of Therapy in Phase 2b Myasthenia Gravis Trial

Cartesian Therapeutics Reports First Quarter 2025 Financial Results and Provides Business Update

Cartesian Therapeutics to Participate in the H.C. Wainwright 3rd Annual BioConnect Investor Conference at NASDAQ

Cartesian Therapeutics Announces First Participant Enrolled in the Phase 3 AURORA Trial of Descartes-08 in Patients with Myasthenia Gravis

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