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TRIP.COM GROUP LTD-ADR

Trip.com Group

Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Before the pandemic in 2019, the company generated 25% of revenue from international business, which is important to its margin expansion. Most of sales come from its online platform, but the company also maintains offline call centers. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.

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Live On CNBC, Bill Baruch Sells Astera Labs; Sells Coeur Mining; Sells Marathon Petroleum

<ul>
<li>Despite investor hopes coming into the year, Bitcoin and Ethereum have had a woeful Q1.</li>
<li>The crypto market has been caught up in broader macroeconomic uncertainty.</li>
<li>History suggests Q2 may be better, but short-term concerns remain.</li>
</ul>
In Q4 2024, <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42367065/exclusive-bitcoin-briefly-tops-100000-but-where-do-benzinga-readers-predict-it-will-finish-2024">Bitcoin surpassed $100,000</a> for the first time in history, and several other cryptocurrency assets posted triple-digit percentage gains, stoking hopes for a positive run in Q1 2025. But the reality has been anything but.
Instead of the anticipated glorious run, cryptocurrency market leaders Bitcoin and Ethereum are on track for their worst Q1 close in seven years. Can the market make a comeback in Q2?
Don't Miss:
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<li>‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. <a href="https://www.benzinga.com/money/mode-mobile-2">You can invest today for just $0.26/share with a $1000 minimum.</a></li>
<li>If there was a new fund backed by Jeff Bezos offering a <a href="https://www.benzinga.com/money/arrived-private-credit-fund">7-9% target yield with monthly dividends would you invest in it</a>?</li>
</ul>
<h2 class="wp-block-heading">Bitcoin and Ethereum Record Woeful Q1</h2>
Despite investor hopes coming into the new year, at the time of writing on March 31, Bitcoin and Ethereum are down 11.95% and 45.06%, respectively, in Q1. With only a few hours to go to the end of the quarter, these leading cryptocurrency assets are on track for their worst quarterly close since 2018.&nbsp;
The woeful showing follows rapidly shifting global macroeconomic and geopolitical dynamics that have sparked uncertainty and left risk assets subdued. The first sign of trouble was the Federal Reserve&#8217;s hawkish pivot in December, when it cut its interest rate cut projections for 2025, arguing that it expected inflation to remain sticky.
President <a href="https://www.benzinga.com/trading-ideas/25/03/44566164/exclusive-could-trumps-liberation-day-reciprocal-tariffs-crash-the-stock-market-48-say-this">Donald Trump&#8216;s erratic tariff policy</a> has further complicated the situation, worsening inflation fears and sparking economic growth concerns.&nbsp;
Despite these overarching concerns, cryptocurrency market participants are holding out hope for a turnaround in Q2, and history may be on their side.
Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>
<h2 class="wp-block-heading">A Typically Positive Period</h2>
Looking at the historical data, Q2 has more often than not been positive for the cryptocurrency market.
Seven out of 12 times, Bitcoin has closed the second quarter of the year in the green, averaging 27% gains. The numbers are even more impressive for Ethereum.&nbsp;
Seven out of nine times, the second largest cryptocurrency asset by market cap has ended the second quarter in the green with an average gain of 67%, typically outperforming Bitcoin within the period.
Beyond historical data, some market observers are hopeful for a turnaround in Q2 in anticipation of a near Fed pivot. Following the last Federal Open Market Committee meeting, Federal Reserve Chair <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44405112/tariff-inflation-may-be-transitory-powell-says-stocks-rally-bitcoin-clears-85000-as-bulls-return">Jerome Powell asserted</a> that inflation may be transitory. At the same time, he let slip that the Fed will be taking steps to slow down quantitative tightening starting April 1.
See Also: <a href="https://www.benzinga.com/money/are-you-rich">Are you rich?</a> Here&#8217;s what Americans think you need to be considered wealthy.
Reacting to Powell&#8217;s statements, prominent market analyst and BitMEX founder Arthur Hayes argued that Bitcoin had likely already bottomed and would start moving upward with strength once the Fed pivoted to quantitative easing.
<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">JAYPOW delivered, QT basically over Apr 1. The next thing we need to get bulled up for realz is either SLR exemption and or a restart of QE. Was <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> $77k the bottom, prob. But stonks prob have more pain left to fully convert Jay to team Trump so stay nimble and cashed up.
&mdash; Arthur Hayes (@CryptoHayes) <a href="https://twitter.com/CryptoHayes/status/1902564099592220793?ref_src=twsrc%5Etfw">March 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, observers are also anticipating regulations that will bring market clarity in the next few months, with <a href="https://www.benzinga.com/content/44516699/u-s-congress-advances-stablecoin-regulation-with-the-introduction-of-the-stable-act">stablecoin regulations</a> likely to be the first out of the gate.
Still, in the short term, the crypto market faces significant uncertainty. This week, in particular, will likely be of consequence. For one, several data releases, such as data on U.S. manufacturing activity and the monthly jobs report, are anticipated this week. At the same time, Trump is expected to announce fresh tariffs on April 2, which he has said will target all countries.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The US leads a busy week &quot;look ahead&quot; for the global economy and markets with a string of data releases &#8212; including the monthly jobs reports, JOLTS, ISM, and retail sales &#8212; the April 2nd tariff announcement, and remarks by Chair Powell and other Federal Reserve officials. We…
&mdash; Mohamed A. El-Erian (@elerianm) <a href="https://twitter.com/elerianm/status/1906464018610401657?ref_src=twsrc%5Etfw">March 30, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Ahead of these events, Bitcoin and Ethereum are trading near monthly lows at $83,000 and $1,800.
Read Next:
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<li>Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a></li>
<li>Deloitte's fastest-growing software company partners with Amazon, Walmart &amp; Target – <a href="https://www.benzinga.com/money/mode-mobile-2">Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!</a></li>
</ul>

Personal Finance

Bitcoin and Ethereum On Track For Worst Q1 Close In 7 Years. Is a Q2 Rebound In The Cards?

High-rolling investors have positioned themselves bearish on Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in VRT often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Vertiv Holdings. This is not a typical pattern.
The sentiment among these major traders is split, with 33% bullish and 44% bearish. Among all the options we identified, there was one put, amounting to $472,000, and 8 calls, totaling $594,501.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $67.5 to $120.0 for Vertiv Holdings over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
In today's trading context, the average open interest for options of Vertiv Holdings stands at 764.2, with a total volume reaching 2,690.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Vertiv Holdings, situated within the strike price corridor from $67.5 to $120.0, throughout the last 30 days.
<h3>Vertiv Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743611383_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>VRT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$11.75</td>
<td>$11.35</td>
<td>$11.8</td>
<td>$67.50</td>
<td>$472.0K</td>
<td>346</td>
<td>401</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.5</td>
<td>$6.3</td>
<td>$6.3</td>
<td>$120.00</td>
<td>$126.0K</td>
<td>1.3K</td>
<td>1.1K</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$6.25</td>
<td>$6.05</td>
<td>$6.2</td>
<td>$80.00</td>
<td>$123.3K</td>
<td>959</td>
<td>201</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$10.45</td>
<td>$9.2</td>
<td>$10.45</td>
<td>$70.00</td>
<td>$104.5K</td>
<td>88</td>
<td>0</td>
</tr>
<tr>
<td>VRT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.55</td>
<td>$6.2</td>
<td>$6.23</td>
<td>$120.00</td>
<td>$93.8K</td>
<td>1.3K</td>
<td>151</td>
</tr>
</tbody>
</table>

<h3>About Vertiv Holdings</h3>
Vertiv has roots tracing back to 1946 when its founder, Ralph Liebert, developed an air-cooling system for mainframe data rooms. As computers started making their way into commercial applications in 1965, Liebert developed one of the first computer room air conditioning, or CRAC, units, enabling the precise control of temperature and humidity. The firm has slowly expanded its data center portfolio through internal product development and the acquisition of thermal and power management products like condensers, busways, and switches. Vertiv has global operations today; its products can be found in data centers in most regions throughout the world.
<h3>Current Position of Vertiv Holdings</h3>
<ul>
<li>Trading volume stands at 3,055,597, with VRT's price up by 1.83%, positioned at $76.65.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 21 days.</li>
</ul>
<h3>Professional Analyst Ratings for Vertiv Holdings</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $110.5.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Vertiv Holdings with a target price of $100. 
&#x2A; An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $121. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Vertiv Holdings options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Markets

A Closer Look at Vertiv Holdings's Options Market Dynamics

Ripple has <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44252537/xrps-rlusd-stablecoin-has-only-0-7-market-share-what-is-going-on">integrated its stablecoin RLUSD</a> into its enterprise payment platform, advancing its push to make the token a central piece of global money movement.
What Happened: The blockchain company said select financial partners are already using the stablecoin to streamline operations and manage liquidity more effectively, Coindesk <a href="https://www.coindesk.com/business/2025/04/02/ripple-integrates-rlusd-stablecoin-into-its-cross-border-payments-system-as-demand-exceeds-expectations?utm_term=organic&amp;utm_campaign=coindesk_main&amp;utm_medium=social&amp;utm_source=twitter&amp;utm_content=editorial">reported</a> on Wednesday.
Clients such as BKK Forex and iSend have begun leveraging RLUSD for cross-border payment flows, marking one of the earliest real-world applications of the token in institutional finance. 
Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>) confirmed plans to extend the stablecoin's use across its broader customer base in the near future.
RLUSD is gaining traction on major trading platforms.
Crypto exchange Kraken recently added the asset to its listings, joining earlier adopters such as LMAX and Bitstamp, as Ripple ramps up its distribution strategy.
Backed by short-term U.S. Treasury securities, RLUSD entered the stablecoin arena in December 2024 after winning approval from the New York Department of Financial Services. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44603859/bitcoin-braces-for-trump-tariff-announcement-short-term-optimism-has-the-upper-hand-experts-say">Bitcoin Braces For Trump Tariff Announcement: &#8216;Short-Term Optimism&#8217; Has The Upper Hand, Experts Say</a>
Why It Matters: The move positioned Ripple as a serious player in the fast-expanding world of regulated digital dollars.
Since its launch, RLUSD has experienced rapid growth. 
According to data from rwa.xyz, the token now holds a market capitalization of $244 million—an 87% increase over the past month alone—with monthly transfer volumes nearing $860 million.
Jack McDonald, Ripple's head of stablecoin initiatives, said the token's adoption is exceeding expectations. 
"We're seeing strong uptake across financial services and growing interest from nonprofits looking to improve aid distribution," he said.
Ripple's latest push comes amid intensifying competition in the stablecoin sector, as firms race to meet the demand for regulated, fiat-pegged digital assets with real-world utility.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44598254/bitcoin-is-in-a-mini-bear-market-says-10x-research">Bitcoin Is In A Mini Bear Market, Says 10x Research</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$XRP

Ripple's Stablecoin Gains Momentum As Financial Institutions Embrace RLUSD For Cross-Border Payments

Morgan Stanley analyst Connor Lynagh maintains State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) with a Overweight and lowers the price target from $139 to $132.

Price Target

Morgan Stanley Maintains Overweight on State Street, Lowers Price Target to $132

Edgewise Therapeutics, Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWTX#NASDAQ">EWTX</a>) on Wednesday reported topline data of EDG-7500 from the Phase 2 CIRRUS-HCM four-week trial in participants with obstructive or nonobstructive <a href="https://www.benzinga.com/general/health-care" target="_blank" rel="noreferrer noopener">Hypertrophic Cardiomyopathy (HCM)</a>.
HCM is&nbsp;a genetic heart condition where the heart muscle thickens, making it harder for the heart to pump blood and potentially leading to complications like heart failure or <a target="_blank" href="https://www.benzinga.com/pressreleases/25/04/n44602406/edgewise-therapeutics-announces-positive-top-line-results-from-phase-2-cirrus-hcm-four-week-trial-" rel="noreferrer noopener">sudden cardiac death</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/24/12/42512731/edgewise-therapeutics-lead-candidate-reduces-biomarker-levels-in-mid-stage-study-in-patients-with-muscle-weakness-disease" rel="noreferrer noopener">Edgewise Therapeutics&#8217; Lead Candidate Reduces Biomarker Levels In Mid-Stage Study In Patients With Muscle Weakness Disease</a>
In&nbsp;September 2024, the company announced topline data from Part A of the trial showing that a single oral dose of EDG-7500 in participants with obstructive HCM demonstrated robust reductions in left ventricular outflow tract gradient (LVOT-G) without meaningful changes in left <a target="_blank" href="https://www.benzinga.com/general/biotech/24/09/40940696/edgewise-therapeutics-stock-shoots-higher-on-promising-early-results-for-thickened-heart-treatmen" rel="noreferrer noopener">ventricular ejection fraction (LVEF)</a>.
Part B of CIRRUS-HCM included 17 participants with obstructive HCM, and Part C included 12 with nonobstructive HCM.
Both trial parts evaluated the safety and efficacy of once-daily doses of 50 or 100 mg of EDG-7500 for four weeks.
In participants with obstructive HCM, EDG-7500 demonstrated meaningful dose-dependent reductions in LVOT-G at rest and post-Valsalva.
<ul>
<li>Participants receiving 100 mg experienced mean reductions from baseline of 71% and 58% in resting&nbsp;and provokable (Valsalva) gradients, respectively. Gradient reductions were achieved without meaningful changes in LVEF.</li>
<li>Treatment with 100 mg of EDG-7500 also demonstrated a 62% mean reduction from baseline in NT-proBNP, a key biomarker of heart failure.</li>
<li>Clinically meaningful improvements were also observed on the Kansas City Cardiomyopathy Questionnaire Overall Summary Score (KCCQ-OSS, which quantifies&nbsp;the frequency and burden of clinical symptoms in heart failure), with a substantial mean increase of 23 points observed at the 100 mg dose.</li>
<li>Treatment with 100 mg of EDG-7500 over four weeks demonstrated improvements on the NYHA functional class score (classifies stages of heart failure).</li>
<li>78% of participants improved by ≥ 1 NYHA Class, and 67% improved to NYHA Class I (i.e. asymptomatic).</li>
</ul>
In participants with nonobstructive HCM, EDG-7500 administration resulted in a dose-dependent reduction in NT-proBNP, with a 42% mean decrease from baseline at 100 mg.
<ul>
<li>Substantial improvements in KCCQ-OSS and KCCQ-Clinical Summary Scores, with substantial mean increases of 17 points and 22 points, respectively, were observed at the 100 mg dose after only four weeks.</li>
</ul>
The initial data read-out from Part D is expected in the second half of 2025, with Phase 3 initiation planned for the first half of 2026.
EWTX Price Action: Edgewise Therapeutics stock is down 25.34% at $15.02&nbsp;at publication Wednesday.
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</ul>
Photo: Shutterstock

Biotech

Health Care

Movers

General

EWTX

Edgewise Therapeutics Sees Meaningful HCM Treatment Gains With EDG-7500 In Phase 2 Study

Shares of Johnson &amp; Johnson (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNJ#NYSE">JNJ</a>) are trading higher on Wednesday. <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44594161/johnson-johnson-stock-is-tumbling-tuesday-what-going-on">Yesterday, they were down more than 7.5%</a>.  Analysts attribute the move lower to the company's announcement that its pending acquisition of Intra-Cellular Therapies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITCI#NASDAQ">ITCI</a>) will dilute its earnings.
But the sell-off may have ended, and there is a good chance Johnson &amp; Johnson rallies. This is why our team of trading experts has made it our Stock of the Day.
You can see on the chart below that the selloff ended when the shares reached the $153 level. This wasn't a coincidence. This price level was resistance in November. Price levels that had been resistance converting into support is a frequent occurrence in the financial markets.
It is due to investor and trader psychology.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="529" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02122026/one4-1024x529.png" alt="" class="wp-image-853722" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02122026/one4-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02122026/one4-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02122026/one4-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02122026/one4-1536x793.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/02122026/one4.png 1615w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44609851/from-seashells-to-satoshi-why-cryptocurrency-is-the-next-natural-evolution-of-money">From Seashells To Satoshi: Why Cryptocurrency Is The Next Natural Evolution Of Money</a>
Some people who sold Johnson &amp; Johnson around $153.00 thought they made a good decision to sell when the price trended lower after. But when the resistance was broken in February, many of these unhappy sellers second-guessed themselves.
Some believed their decision to sell was a mistake and vowed to return their shares. But they would only do so if they could eventually get them at the same price they were sold for.
As a result, when the shares fell to around $153 yesterday, these formerly happy sellers entered the market as buyers. There were so many of them that it put a floor beneath the price. It created support at the same price that had been resistance.
Johnson &amp; Johnson may reverse and move higher.
Some of the buyers who formed this support may become concerned that they will be outbid. They may think there are others who would be willing to pay higher prices than they will, and they know that these are the sellers who will go to them.
Because of this, they increase their bid prices to get ahead of other buyers. Other concerned buyers could see this, and raise their bid prices to get ahead of others as well.
This dynamic could result in a bidding war that forces Johnson &amp; Johnson into an uptrend.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44607188/arthur-hayes-predicts-bitcoin-to-hit-250000-by-end-of-year">Arthur Hayes Predicts Bitcoin To Hit $250,000 By End Of Year</a></li>
</ul>
Image: Shutterstock

Technicals

ITCI

Stock Of The Day: Will Johnson & Johnson Rally? The Sell-Off May Have Ended

Morgan Stanley analyst Connor Lynagh maintains Sportradar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRAD#NASDAQ">SRAD</a>) with a Equal-Weight and raises the price target from $21 to $22.

SRAD

Morgan Stanley Maintains Equal-Weight on Sportradar Gr, Raises Price Target to $22

Without realizing it, you're trying to time the market, and losing.
Afraid to invest because you think the markets are going down?
You're subconsciously trying to time the market.
Here's why that's a terrible idea (backed by evidence):
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="936" height="465" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/02160147/image.jpeg" alt="" class="wp-image-9617" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/02160147/image.jpeg 936w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/02160147/image-300x149.jpeg 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/04/02160147/image-768x382.jpeg 768w" sizes="(max-width: 936px) 100vw, 936px" /></figure>
This bar chart shows the results of investing $2,000/yr over the last 20 years.
As you'd expect, investors with perfect timing each year had the greatest returns.
Whereas people holding cash had the lowest.
However, it's the middle section of the chart that I find interesting.
If you invest on the first of each year for 20 years, you'd only perform marginally worse than the investor with perfect timing.
Specifically, you'd only have $12,645 in fewer returns.
But let's say you got unlucky every single year when investing $2,000.
You'd only be $32,264 behind the investor with perfect timing.
Which over the span of 20 years isn't bad.
Besides, you're almost certainly not going to buy the lowest point each year for 20 years.
So don't worry if the market is going to crash or not.
With the right time horizon, it's numerically insignificant.
Based on this chart, the only way to lose is if you don't invest whatsoever.
Cash in the bank is losing value each year.
So there's no reason to be scared.
Just invest and enjoy life.
&#x2A;&#x2A;
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Equities

Long Ideas

Broad U.S. Equity ETFs

Opinion

ETFs

Timing The Market Is A Terrible Idea - Here's Why...

Morgan Stanley analyst Rayna Kumar maintains SEI Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) with a Underweight and lowers the price target from $84 to $81.

SEIC

Morgan Stanley Maintains Underweight on SEI Inv, Lowers Price Target to $81

Management

YEXT

Specright Announces Appoints Mike Boese As CEO; Founder Matthew Wright Transitions To Executive Chairman

Morgan Stanley analyst Kimberly Greenberger maintains PVH (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) with a Equal-Weight and lowers the price target from $95 to $86.

Morgan Stanley Maintains Equal-Weight on PVH, Lowers Price Target to $86

Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) has outperformed the market over the past 5 years by 24.38% on an annualized basis producing an average annual return of 40.62%. Currently, Fluor has a market capitalization of $6.24 billion. 
Buying $1000 In FLR: If an investor had bought $1000 of FLR stock 5 years ago, it would be worth $5,683.00 today based on a price of $37.11 for FLR at the time of writing.
<h3>Fluor's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1743611098_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Fluor 5 Years Ago Would Be Worth This Much Today

Morgan Stanley analyst Betsy Graseck maintains Northern Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>) with a Equal-Weight and lowers the price target from $136 to $132.

NTRS

Morgan Stanley Maintains Equal-Weight on Northern Trust, Lowers Price Target to $132

Morgan Stanley analyst Betsy Graseck maintains Bank of New York Mellon (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>) with a Overweight and lowers the price target from $99 to $98.

Morgan Stanley Maintains Overweight on Bank of New York Mellon, Lowers Price Target to $98

<a href="https://www.wsj.com/health/healthcare/fda-novavax-covid-19-vaccine-deadline-c160454b" title="https://www.wsj.com/health/healthcare/fda-novavax-covid-19-vaccine-deadline-c160454b">https://www.wsj.com/health/healthcare/fda-novavax-covid-19-vaccine-deadline-c160454b</a>

NVAX

'FDA Misses Deadline For Covid-19 Vaccine Decision' - Wall Street Journal

The 25% tariff on imported cars and parts could wipe out up to 3 million vehicle sales, slash automaker profits in half and throw the U.S. auto supply chain into chaos as manufacturers scramble to reconfigure operations in a high-stakes race against time, <a href="https://www.benzinga.com/topic/expert-ideas">according to Bank of America</a>. 
In a note shared Wednesday, research analyst John P. Babcock said President Donald Trump&#8217;s new trade action announced on March 26 would trigger significant demand destruction, higher consumer prices, and a severe blow to profitability, especially if additional parts tariffs are confirmed in May.
<h3 class="wp-block-heading">How Bad Could It Get For US Auto Sales?</h3>
The proposed tariffs—taking effect April 3—apply to all imported cars, light trucks and several critical components, including engines, transmissions, and electrical systems. According to Babcock, the industry response will be higher vehicle prices across the board.
If manufacturers pass along the full 25% tariff to consumers, BofA estimates a sales loss of 3.2 million units at the current trend rate of 16 million vehicles annually — a 20% collapse. A more conservative case, with only 15% of costs passed through, still implies a demand drop of 2.5 million units, or about 15%.
"Affordability has already been a challenge," Babcock said. "This only exacerbates the situation."
<h3 class="wp-block-heading">Can Automakers Reshore Production?</h3>
There may be limited relief for automakers with idle U.S. plant capacity. 
Bank of America estimates that more than a million vehicle assembly units could be reshored to U.S. factories with minor investments and hiring. General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) and Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) are best positioned for this pivot.
Yet, labor constraints, weak demand for some U.S.-built models and the logistical complexities of scaling production rapidly remain obstacles. 
Over a longer horizon, most automakers could bring production stateside, yet that would require "large capital investments" and likely further tilt the product mix toward higher-end vehicles, leaving a gap in affordable options.
Chinese automakers such as BYD Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>), Geely, and Xiaomi could potentially fill that gap if they establish U.S. manufacturing.
<h3 class="wp-block-heading">What's The Real Cost Of Parts Tariffs?</h3>
While full vehicle reshoring is challenging, the real pain may come from the auto parts tariffs. A final decision is expected by May 3.
Babcock outlined three scenarios: targeted tariffs on powertrain and electronics, blanket tariffs on all auto parts, or a hybrid combination.
If all parts are hit with the 25% tariff, the cost per U.S.-assembled vehicle jumps by $3,285, including $1,065 for powertrain parts, $840 for electronics, and $1,380 for other components.
That alone translates to an average price increase of 8%+, which could either be passed on to consumers or absorbed in profit margins.
In total, the industry faces a $26 billion hit under this scenario, equivalent to "halving all automaker profits in the U.S.," Babcock said.
<h3 class="wp-block-heading">Reshoring Auto Parts? Not Likely</h3>
While some optimism exists around reshoring vehicle assembly, the parts side tells a different story.
According to Babcock, reshoring auto parts manufacturing is "essentially impossible" due to high U.S. labor costs and a lack of skilled workers.
Unlike vehicle plants that may have idle capacity, parts suppliers have little to no slack in the U.S. system, leaving supply chains exposed and North American production vulnerable to disruptions.
Tariffs on powertrain components may offer a narrow path to incentivize domestic production, but anything broader risks major breakdowns in vehicle manufacturing continuity.
Read now: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/03/44544217/chicken-tax-2-0-bank-of-america-flags-3-million-sales-at-risk-after-auto-tariffs">Chicken Tax 2.0: Bank Of America Flags 3 Million Sales At Risk After Auto Tariffs</a></li>
</ul>
Photo: Shutterstock

Analyst Color

Large Cap

Macro Economic Events

Econ #s

Economics

BYDDY

STLA

Trump's Auto Tariffs Could Crush Demand, Blow $26 Billion Hole In Industry Profits

Treating Bitcoin as an <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44499889/bitcoin-is-fulfilling-its-destiny-as-world-reserve-currency-says-bitcoin-whale-trace-mayer">asset of strategic importance</a> could catalyze a ripple effect for the United States, according to a report by Grayscale.
What Happened: "If the U.S. signals that it views Bitcoin and public blockchain technology as strategically important, other countries may reconsider their own approach," the report said.
This framing is part of Grayscale's broader argument that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is evolving from a speculative investment into a geopolitical asset with long-term economic and strategic implications. 
The report points to China as a key country to watch, noting that while <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40985461/china-controls-55-of-bitcoin-hashrate-despite-crypto-ban-but-the-us-is-catching-up">China currently bans most crypto activities</a>, recent discussions by its Supreme Court and judicial bodies in February 2025 suggest a possible reevaluation of the legal treatment of digital assets.
The company noted that rising institutional interest and sovereign engagement with Bitcoin are setting the stage for a new era of competition and cooperation around decentralized technologies.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44607188/arthur-hayes-predicts-bitcoin-to-hit-250000-by-end-of-year">Arthur Hayes Predicts Bitcoin To Hit $250,000 By End Of Year</a>
"The opportunity to shape the future of public blockchain technology is not unlike the early days of the internet," Grayscale added. "Countries that dismissed it fell behind. Those that embraced it became digital leaders."
Grayscale's report outlines how the alignment of national interest with blockchain innovation could unlock substantial benefits — not just for economic growth, but also for national security and digital sovereignty. 
It also points to the growing number of state actors exploring central bank digital currencies (CBDCs) and <a href="https://www.benzinga.com/content/44557661/fbs-explores-the-us-bitcoin-reserve-and-its-market-implications">Bitcoin treasury reserves</a> as evidence of the changing tide.
However, the firm cautioned that regulatory clarity remains key to unlocking the next phase of institutional participation. 
"A coherent and proactive U.S. strategy could serve as a model globally," Grayscale stated.
The firm also highlighted the growth in stablecoins and asset tokenization as further evidence of institutional momentum. 
The total amount of tokenized assets, excluding stablecoins, hit a record $19.5 billion in March, driven largely by BlackRock's tokenized Treasury product BUIDL, which reached a market cap of nearly $2 billion.
Meanwhile, companies like Fidelity and World Liberty Financial are reportedly planning to launch Dollar-backed stablecoins, and PayPal's stablecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PYUSD</a>) now has a market cap of $725 million.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/04/44605174/circles-revenue-grows-but-ipo-filing-shows-falling-profitability">Circle&#8217;s Revenue Grows, But IPO Filing Shows Falling Profitability</a></li>
</ul>
Image: Shutterstock

$BTC

$PYUSD

Strategic Bitcoin Embrace By US Could Trigger Global Crypto Policy Shift, Says Grayscale

<a href="https://www.c-span.org/event/senate-committee/boeing-ceo-testifies-on-aircraft-safety/432060">https://www.c-span.org/event/senate-committee/boeing-ceo-testifies-on-aircraft-safety/432060</a>
&nbsp;

Government

Regulations

Boeing CEO Says Planemaker Still Working With Justice Department On Revised Plea Agreement

Numerous public companies have updated their 2025 guidance in response to the Trump administration&#8217;s tariffs on China, Mexico and Canada, but additional tariffs on other countries could have significant impacts, DA Davidson analyst Linda Bolton Weiser warned in a <a href="https://www.benzinga.com/analyst-stock-ratings">new note to clients on Tuesday</a>.
What To Know: President Donald Trump is expected to announce tariffs on potentially trillions of dollars worth of goods imported to the U.S. on Wednesday.
The potential impacts are wide-ranging. Bolton Weiser flagged several names under her coverage umbrella that could be impacted in the Health &amp; Beauty and Leisure space. The analyst noted additional tariffs are &#8220;not reflected in estimates.&#8221;
<ul>
<li>Hasbro Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>): Neutral rating; has exposure to Vietnam, India and Japan</li>
</ul>
<ul>
<li>Interparfums Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPAR#NASDAQ">IPAR</a>): Buy rating; produces in France</li>
</ul>
<ul>
<li>Funko Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>): Buy rating; produces in Vietnam</li>
</ul>
<ul>
<li>Mattel Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>): Buy rating; has exposure to Indonesia, Malaysia, Vietnam and Thailand</li>
</ul>
<ul>
<li>Helen of Troy Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>): Neutral rating; produces in Vietnam</li>
</ul>
<ul>
<li>e.l.f. Beauty Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>): Neutral rating; produces in Thailand</li>
</ul>
<ul>
<li>1-800-FLOWERS.COM Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLWS#NASDAQ">FLWS</a>): Neutral rating; buys cut flowers from Colombia and Equador</li>
</ul>
Trump is expected to announce reciprocal tariffs on several countries at a White House event at 4 p.m. ET. The Trump administration has said the tariffs could target specific sectors.
The tariff announcements have created uncertainty across markets with the S&amp;P 500 crossing into correction territory last month. The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was up 0.46% at $563.55 at the time of publication Wednesday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The SPY is still down about 4% year-to-date and well off its highs from February.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/04/44609012/etsy-how-severely-will-trumps-tariffs-weigh-on-demand">Etsy: How Severely Will Trump&#8217;s Tariffs Weigh On Demand?</a></li>
</ul>
Photo: <a href="https://www.shutterstock.com/g/Jack_the_sparow">Jack_the_sparow</a>/Shutterstock.

FLWS

FNKO

HELE

IPAR

Tariff Risk Increases: Analyst Warns Of Additional Impact On Hasbro, Funko, Mattel, E.L.F. Beauty — 'Not Reflected In Estimates'

Press Releases

Trip.com Group Limited to Report Second Quarter and First Half of 2024 Financial Results on August 26, 2024 U.S. Time

Earnings

Trip.com Group Limited Reports Unaudited Second Quarter and First Half of 2024 Financial Results

Entertainment

Trip.com Group Highlights Golden Week 2024 Travel Shifts: Chinese Tourists Explore Beyond Capitals and Lesser-Known Options

Trip.com Group Limited to Report Third Quarter of 2024 Financial Results on November 18, 2024 U.S. Time

Trip.com Group Limited Reports Unaudited Third Quarter of 2024 Financial Results

Trip.com Group Announces Changes in Board Composition

Trip.com Group Limited to Report Fourth Quarter and Full Year of 2024 Financial Results on February 24, 2025 U.S. Time

Trip.com Group Limited Reports Unaudited Fourth Quarter and Full Year of 2024 Financial Results

Offerings

Baidu Announces Proposed Offering of Exchangeable Bonds

Baidu Announces Pricing of US$2 Billion Offering of Zero Coupon Exchangeable Bonds

BIDU

TCOM

Airbnb

Atour Lifestyle Holdings Limited - American Depositary Shares

Atour Lifestyle Holdings

Booking Holdings

Choice Hotels International, Inc. Common Stock

Choice Hotels Intl

Despegar.com

Expedia Group

Global Business Travel Group, Inc. Class A Common Stock

Global Business Travel

GreenTree Hospitality Group Ltd. American depositary shares, each representing one Class A ordinary share

GreenTree Hospitality Gr

Hyatt Hotels Corporation Class A Common Stock

Hyatt Hotels

Hilton Grand Vacations

Hilton Worldwide Holdings Inc. Common Stock

Hilton Worldwide Holdings

H World Group Limited - American Depositary Shares

H World Group

Intercontinental Hotels Group American Depositary Shares (Each representing one Ordinary Share)

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