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Tapestry

Coach, Kate Spade, and Stuart Weitzman are Tapestry's fashion and accessory brands. The firm's products are sold through about 1,400 company-operated stores, wholesale channels, and e-commerce in North America (64% of fiscal 2024 sales), Europe, Asia (29% of fiscal 2024 sales), and elsewhere. Coach (76% of fiscal 2024 sales) is best known for affordable luxury leather products. Kate Spade (20% of fiscal 2023 sales) is known for colorful patterns and graphics. Women's handbags and accessories produced 69% of Tapestry's sales in fiscal 2024. Stuart Weitzman (4% of sales) generates virtually all its revenue from women's footwear.

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As Donald Trump took oath as the 47th President of&nbsp;the U.S. on Monday, World Liberty Financial, a cryptocurrency project backed by him, announced a series of strategic purchases, including Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) and Wrapped Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">WBTC</a>).
What Happened:&nbsp;In an X post, the decentralized finance platform disclosed buying several cryptocurrencies, including $47 million each in Ethereum and <a href="https://www.benzinga.com/money/what-is-wrapped-bitcoin">Wrapped Bitcoin,</a> a converted version of Bitcoin that can be used on Ethereum&#8217;s blockchain.
With the latest grab, World Liberty Financial&#8217;s total ETH holdings shot up to 57,115, worth over $185 million at the current market price, <a href="https://intel.arkm.com/explorer/entity/worldlibertyfi">according</a> to on-chain analytics firm Arkham. WBTC was its second-largest holding.
Other important buys included $4.7 million worth of Tron (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/trx/usd">TRX</a>), Aave (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>), Chainlink (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/link/usd">LINK</a>), and Ethena (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ENA</a>).
World Liberty Financial said the purchases commemorated Trump&#8217;s inauguration. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">To commemorate the inauguration of Donald J. Trump as the 47th President of the United States, <a href="https://twitter.com/search?q=%24WLFI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$WLFI</a> is proud to announce the following strategic purchases today: $47,000,000 ETH $47,000,000 wBTC $4,700,000 Aave $4,700,000 LINK $4,700,000 TRX $4,700,000 ENA Excited for the…
&mdash; WLFI (@worldlibertyfi) <a href="https://twitter.com/worldlibertyfi/status/1881457386671464804?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
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See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/43087038/trump-names-uyeda-acting-sec-chair-as-crypto-regulations-get-set-for-a-makeover">Trump Names Uyeda Acting SEC Chair, Regulators Get Ready For Crypto Makeover</a>
Why It Matters:&nbsp;World Liberty Financial has been <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42568122/trump-backed-world-liberty-financial-forges-partnership-with-ethena-labs-ena-token-gains-amid-broader-slump">steadily piling on DeFi-linked cryptocurrencies</a> like ETH, AAVE, and LINK to build its platform.
Launched&nbsp;as a decentralized money market&nbsp;last year, the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40905315/donald-trumps-new-crypto-project-world-liberty-financial-everything-you-need-to-know">protocol will allow users to borrow</a>, lend, and earn interest on cryptocurrencies. The&nbsp;WLFI&nbsp;token would serve as the platform&#8217;s governance token, enabling users to engage in DeFi-related activities.
The project was&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/09/40722435/trumps-crypto-project-vows-to-bolster-us-financial-dominance-with-dollar-pegged-stablecoin" target="_blank" rel="noreferrer noopener">aggressively promoted</a>&nbsp;by Trump and his family, and a firm associated with the President-elect, DT Marks DEFI, LLC, stands to&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41395007/trump-affiliated-entity-will-get-75-of-world-liberty-financials-revenue-and-22-of-wlfi-tok" target="_blank" rel="noreferrer noopener">receive 75% of the protocol revenue</a>.
Price Action:  At the time of writing, Ethereum was exchanging hands at $3,257.31, down 0.37% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Meanwhile, TRX was up 3.72%, and LINK gained marginally by 0.04%.
Image via Shutterstock
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">Trump&#8217;s DOGE Committee Faces Lawsuits Over Alleged Federal Advisory Violations, Lack Of Transparency</a></li>
</ul>

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$AAVE

$ENA

$ETH

$LINK

$TRX

$WBTC

Trump-Backed World Liberty Financial Bags $47 Million Each Of Ethereum, Wrapped Bitcoin To Commemorate Inauguration: 'Excited For The Future'

Prominent economist Mohamed El-Erian cautioned that President Donald Trump&#8216;s second-term economic initiatives could face significant challenges from persistent inflation and widening <a href="https://www.benzinga.com/news/25/01/43083046/performing-very-very-well-why-trumps-economy-may-not-need-big-reforms">global growth disparities</a>.
What Happened: In a Financial Times opinion piece <a href="https://www.ft.com/content/9fcf7dcb-2fad-4dfd-941e-7d6c94d3090d">published</a> on Monday, El-Erian, Chief Economic Advisor at Allianz, highlighted how economic dispersion helped Trump&#8217;s electoral victory but could now complicate his policy implementation.
&#8220;The U.S. has maintained an enviable growth and employment record in recent years,&#8221; El-Erian wrote, noting that benefits have accrued unevenly across society. This &#8220;K-shaped&#8221; recovery has left significant vulnerabilities among lower-income households, marked by depleted savings and <a href="https://www.benzinga.com/24/12/42735416/el-erian-warns-of-hidden-crisis-in-exceptional-us-economy-as-lower-income-households-face-considerable-challenges">maxed-out credit cards</a>.
The domestic challenges are amplified by international economic divergence. According to Goldman Sachs Group Inc., the Eurozone&#8217;s nominal GDP gains since late 2019 reached only 39% of U.S. levels, while the UK achieved merely 10%. This disparity has driven U.S. bond yields higher, creating negative spillover effects globally.
Market indicators suggest persistent inflation pressures could further complicate Trump&#8217;s agenda. The University of Michigan&#8217;s consumer survey showed five-year inflation expectations at 3.3%, <a href="https://www.benzinga.com/news/25/01/42993713/trump-2-0-could-be-thwarted-by-inflation-mohamed-el-erian-notes-ahead-of-cpi-data-release">the highest since 2008</a>, while December&#8217;s Consumer Price Index is expected to rise to 2.9% year-over-year from November&#8217;s 2.7%.
See Also: <a href="https://www.benzinga.com/markets/asia/25/01/43088007/nvidia-apple-supplier-tsmc-halts-production-as-6-4-magnitude-earthquake-strikes-taiwan">Nvidia, Apple-Supplier TSMC Halts Production As 6.4 Magnitude Earthquake Strikes Taiwan</a>
Why It Matters: The economic landscape Trump inherits differs markedly from his first term, with mortgage rates above 7% and <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42990155/5-yields-fuel-demand-treasury-etfs-despite-bond-market-pain-relief-rally">Treasury yields near 5%</a>. His proposed policies, including new tariffs and immigration restrictions, face scrutiny from economists who warn they could disrupt rather than boost current growth.
&#8220;The more the rest of the world lags behind the U.S., the higher the value of the dollar,&#8221; El-Erian cautioned, noting that 41% of S&amp;P 500 tracked by SPDR S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) revenues come from abroad, potentially undermining U.S. corporate performance and increasing protectionist pressures.
El-Erian urged the Trump administration to carefully consider these factors when implementing tax and tariff policies, warning that &#8220;promising initiatives risk being derailed&#8221; without proper attention to economic disparities.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/25/01/43087992/apple-gets-rare-downgrade-from-jefferies-analyst-warns-on-slowing-revenue-growth-missed-forecasts-and-falling-iphone-demand">Apple Gets Rare Downgrade From Jefferies, Analyst Warns On Slowing Revenue Growth, Missed Forecasts, And Falling iPhone Demand</a></li>
</ul>
Image via Flickr
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Bonds

Economics

ALIZY

Mohamed El-Erian Warns Trump 2.0 Economic Agenda Could Struggle Due To Maxed-Out Credit Cards

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) faces potential headwinds in the U.S. market as data from Europe shows significant sales declines following electric vehicle subsidy removals, raising concerns about the impact of President Donald Trump&#8216;s planned elimination of the $7,500 EV tax credit.
What Happened: Gary Black, managing partner of The Future Fund LLC, highlighted on Monday that Tesla&#8217;s sales dropped 34% year-over-year in France and 41% in Germany after those countries eliminated EV incentives. The data, sourced from Tesla researcher Troy Teslike, suggests similar challenges could emerge in the U.S. market.
&#8220;Not sure how the math works for elimination of the EV credit to be bullish,&#8221; Black wrote on X. 
Tesla&#8217;s European performance in 2024 showed mixed results across different markets, with total sales declining 10.7% to 326,084 units from 365,171 in 2023. While some markets like the Netherlands saw growth of 54.8%, major markets including France and Germany experienced substantial decreases.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Not sure how the math works for elimination of the EV credit to be bullish. In France, elimination of the EV credit caused <a href="https://twitter.com/search?q=%24TSLA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TSLA</a> 2024 volumes to decline -34% YoY. In Germany the 2024 YoY decline was -41%. Source: <a href="https://twitter.com/TroyTeslike?ref_src=twsrc%5Etfw">@TroyTeslike</a> <a href="https://t.co/3WJOwLpkGl">https://t.co/3WJOwLpkGl</a> <a href="https://t.co/UGXnrjaJO2">pic.twitter.com/UGXnrjaJO2</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1881417081012601307?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
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The timing of Trump&#8217;s tax credit policy changes could significantly impact Tesla&#8217;s 2025 deliveries. Teslike suggests that maintaining current eligibility criteria while announcing a six-month phase-out would be optimal for Tesla&#8217;s sales performance, allowing customers time to utilize the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43082006/tesla-researcher-says-it-will-help-ev-giants-annual-deliveries-if-trump-does-not-change-ev-tax-credit-eligibility-criteria-immediately">credit before its elimination</a>.
Why It Matters: Tesla CEO Elon Musk has previously supported ending EV subsidies, stating during the company&#8217;s <a href="https://www.benzinga.com/news/24/07/39934750/trump-presidency-and-ira-cut-would-be-devastating-for-competitors-says-elon-musk-long-term-probably">second-quarter earnings</a> call that while the impact would be &#8220;slight&#8221; for Tesla, it could be &#8220;devastating&#8221; for competitors. 
However, Teslike argues that without the tax credit, <a href="https://www.benzinga.com/24/12/42641207/researcher-says-cancelation-of-7500-ev-tax-credit-could-impact-teslas-deliveries-despite-ceo-elon-musk-claiming-otherwise">Tesla vehicles would effectively cost</a> $7,500 more compared to luxury gas-powered competitors from BMW, Mercedes, and other manufacturers.
The debate comes as Tesla reported global deliveries of 1.79 million vehicles in 2024, slightly down from 1.81 million in 2023, highlighting the importance of policy decisions in key markets for the <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on">company&#8217;s growth trajectory</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/asia/25/01/43088007/nvidia-apple-supplier-tsmc-halts-production-as-6-4-magnitude-earthquake-strikes-taiwan">Nvidia, Apple-Supplier TSMC Halts Production As 6.4 Magnitude Earthquake Strikes Taiwan</a></li>
</ul>
Image Via Flickr
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Equities

Global

TSLA

Gary Black Questions Elon Musk's Take On EV Credit Removal After Tesla Sales Drop In Europe: 'Not Sure How The Math Works'

Noted economist Peter Schiff offered an interesting critique of Donald Trump&#8217;s inaugural address on Monday, pointing out the president&#8217;s preference for gold over Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>).
What Happened: In a post on X, Schiff drew attention to Trump declaring &#8220;The &#8216;Golden Age of America&#8217; begins now&#8221; in his speech after being sworn in as the 47th President of the U.S.
&#8220;Notice he invoked gold, not Bitcoin,&#8221; Schiff said, in what seemed like a cheeky remark.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">In today&#39;s speech, Trump declared that the &quot;golden age of America begins right now.&quot; Notice he invoked gold, not Bitcoin. The reference also suggests something like the Gilded Age. But during that period of unprecedented economic growth, we had no income or Social Security taxes.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1881448992929935455?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
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The Bitcoin critic also interpreted the remark as referencing the Gilded Age. The Gilded Age was a period in U.S. history from the late 1800s to the early 1900s when the gold standard was in place.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/43087038/trump-names-uyeda-acting-sec-chair-as-crypto-regulations-get-set-for-a-makeover">Trump Names Uyeda Acting SEC Chair, Regulators Get Ready For Crypto Makeover</a>
Why It Matters: Schiff&#8217;s views on Bitcoin have been controversial in the cryptocurrency community, <a href="https://www.benzinga.com/24/11/41998869/analyst-says-bitcoin-lives-rent-free-in-peoples-minds-after-peter-schiffs-cheeky-social-security-trust-remark">with many accusing him of engagement farming</a> by repeatedly mentioning the leading asset in his social media posts.
On the eve of Trump&#8217;s inauguration, Schiff speculated whether outgoing President Joe Biden <a href="https://www.benzinga.com/25/01/43078360/peter-schiff-gets-sarcastic-wonders-whether-biden-will-sell-some-bitcoin-on-last-day-of-presidency">would sell some of the state-owned Bitcoin </a>before the Republican leader took office. This was a dig at Trump&#8217;s reported plans to declare cryptocurrency a national priority and create a national Bitcoin reserve.
Interestingly, Trump&#8217;s inaugural address <a href="https://www.benzinga.com/25/01/43086698/crypto-market-plunges-after-trumps-inaugural-speech-fails-to-mention-digital-assets">made no mention of cryptocurrencies, including Bitcoin</a>, despite the high expectations leading up to the swearing-in. Consequently, the market corrected sharply.
Price Action: At the time of writing, Bitcoin was trading at $102,354.42, up 0.68% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>. Bitcoin gained 121% in 2024.
On the other hand, spot gold was trading at $2,723.66 per ounce, up 0.57%. The yellow metal added 27% in 2024.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">Trump&#8217;s DOGE Committee Faces Lawsuits Over Alleged Federal Advisory Violations, Lack Of Transparency</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

$BTC

Peter Schiff On Trump's Crypto Snub In Inaugural Speech: 'He Invoked Gold, Not Bitcoin'

Tech mogul Elon Musk expressed optimism about his Department of Government Efficiency at Donald Trump's presidential inauguration, even as lawsuits against the agency caused popular dog-themed cryptocurrency Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) to plummet.
What happened: During his speech at a post-inauguration celebration, the Tesla and SpaceX CEO underlined the importance of last year's elections and thanked the American people for voting for Trump.
"It is thanks to you that the future of civilization is assured,&#8221; Musk said. "We&#8217;re going to have safe cities — finally — secure borders, sensible spending."
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Elon Musk speaking ahead of President Donald Trump: "It is thanks to you that the future of civilization is assured. We&#39;re going to have safe cities — finally — secure borders, sensible spending. Basic stuff. And we&#39;re going to take DOGE to Mars!" <a href="https://t.co/jO7NRSzcAP">pic.twitter.com/jO7NRSzcAP</a>
&mdash; America (@america) <a href="https://twitter.com/america/status/1881431934221586632?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
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In what appeared to be an interesting spin on the popular &#8220;DOGE to the Moon&#8221; phrase common among Dogecoin enthusiasts, Musk remarked, &#8220;We&#8217;re going to take DOGE to Mars," referring to the Department of Government Efficiency.
The Mars mention could also refer to<a href="https://www.benzinga.com/government/regulations/25/01/43086509/trump-unleashes-executive-orders-on-border-security-oil-drilling-domestic-manufacturing-in-first-acts-as-president"> Trump&#8217;s promise to send astronauts</a> to plant the American flag on Mars during his inaugural speech.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/government/regulations/25/01/42994641/italys-largest-bank-leaps-into-bitcoin-trading-with-1-million-test-investment-but-ceo-says-he-doesnt-invest-in-btc-personally">Italy&#8217;s Largest Bank Leaps Into Bitcoin Trading With $1 Million &#8216;Test&#8217; Investment But CEO Says He Doesn&#8217;t Invest In BTC Personally</a>
Why It Matters: A brainchild of Musk, the Department of Government Efficiency, or DOGE, is an entity<a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently"> tasked with cutting federal spending</a> and abolishing superfluous regulations.
The agency, which has received significant attention since Trump officially announced it following his election victory, <a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">fell into trouble </a>when a barrage of lawsuits were launched against it shortly after Trump took office.
Additionally, Vivek Ramaswamy, DOGE's co-lead, <a href="https://www.benzinga.com/news/25/01/43078027/vivek-ramaswamy-expected-to-exit-trumps-doge-task-force-amid-ohio-governor-bid-report">was expected to step down</a> from his position, potentially causing further troubles for the agency.
Dogecoin, a cryptocurrency that frequently moves on developments around the agency, fell over 3% on this development. The coin's trading volume also plunged by 22%.
Price Action: At the time of writing, Dogecoin was exchanging hands at $0.3457, down 3.02% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/25/01/42993521/michael-saylors-microstrategy-not-alone-in-bitcoin-acquisition-says-bitwise-chief-investment-officer-its-a-bona-fide-megatrend">Michael Saylor&#8217;s MicroStrategy Not Alone In Bitcoin Acquisition, Says Bitwise Chief Investment Officer: &#8216;It&#8217;s A Bona Fide Megatrend&#8217;</a></li>
</ul>

Movers

Trading Ideas

$DOGE

Elon Musk Says 'DOGE To Mars' But Memecoin Fails To Get A Liftoff Amid Department Of Government Efficiency Lawsuits

President Donald Trump pardoned approximately 1,500 Jan. 6 defendants on Monday, marking his first major executive action after being sworn in as president and fulfilling a key campaign promise to release those he repeatedly called &#8220;hostages.&#8221;
The sweeping clemency includes prominent Proud Boys leaders, with former chief Enrique Tarrio expected to be released from his 22-year seditious conspiracy sentence, according to his attorney Nayib Hassan. Fellow leader Joe Biggs, who was serving 17 years, is also being processed for release.
&#8220;We&#8217;re going to release our great hostages,&#8221; Trump declared at Washington&#8217;s Capital One Arena, reported Reuters. The Bureau of Prisons confirmed immediate releases are possible pending documentation.
The action follows former President Joe Biden&#8216;s pre-emptive pardons in his final hours, which shielded his <a href="https://www.benzinga.com/25/01/43084064/biden-makes-last-day-pardons-to-block-potential-trump-retribution">family members and key officials</a>, including the entire Jan. 6 House Select Committee and their staff. Biden&#8217;s pardons also protected Dr. Anthony Fauci and former Joint Chiefs Chairman Mark Milley from what he called &#8220;unjustified politically motivated prosecutions.&#8221;
Over 600 people were originally charged with assaulting or obstructing police during the Capitol riot, according to Justice Department figures. The unprecedented scale of Trump&#8217;s pardons signals potential market volatility, particularly in sectors sensitive to political uncertainty.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43085491/where-will-sp-500-open-after-trumps-inauguration-39-pick-this-range">EXCLUSIVE: Where Will S&amp;P 500 Open Tuesday After Trump&#8217;s Inauguration? 39% Pick This Range</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Government

Trump Pardons 1,500 Jan. 6 Defendants, Including Key Proud Boys Figures, After Biden's Final Hour Clemency

Leading cryptocurrencies failed to rally as expected on Monday after Donald Trump was sworn in as the 47th president of the U.S.
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<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+1.57%</td>
<td>$101,346.96</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>+1.75%</td>
<td>$3,252.20</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td>
<td>-0.76%</td>
<td>$0.3515</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin fell steadily, reaching an intraday low of $100,626 as the top cryptocurrency failed to capitalize on its <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43079668/bitcoin-hits-record-109000-ahead-of-trumps-inauguration-sparks-market-rally">surge to fresh highs of $109,000</a> ahead of the inauguration.&nbsp;
Ethereum followed a similar trajectory, retracing from a high of $3,425 to as low as $3,228.
The excitement was likely muted after Trump&#8217;s inauguration address <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43085738/trumps-crypto-silence-inauguration-omission-sparks-questions-after-history-of-mixed-signals">made no mention of cryptocurrency or Bitcoin</a>, contrary to expectations.
Moreover, <a href="https://www.benzinga.com/25/01/43086309/trumps-doge-committee-faces-lawsuit-over-alleged-federal-advisory-violations-and-lack-of-transparency">lawsuits</a> against the new Elon Musk-headed Department of Government Efficiency affected sentiment around Dogecoin.
About $756 million was liquidated from the market in the last 24 hours, including roughly $500 million on upside bets.
Bitcoin's Open Interest rose 1.36% in the last 24 hours, coinciding with a similar rise in the spot price.
That said, over 51% of derivatives traders had short positions opened for Bitcoin, suggesting expectations of further correction in the days ahead.
The market sentiment remained in the "Extreme Greed" zone, according to the Crypto Fear &amp; Greed Index.
Top Gainers (24-Hours)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded at 7:30 p.m. ET)</td>
</tr>
<tr>
<td>Raydium (RAY)</td>
<td>+14.71%</td>
<td>$7.36</td>
</tr>
<tr>
<td>ai16z (AI16Z)</td>
<td>+13.29%</td>
<td>$0.9323</td>
</tr>
<tr>
<td>Lido DAO (LDO)</td>
<td>+12.13%</td>
<td>$1.82</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market capitalization stood at $3.53 trillion, increasing by 1.36% in the last 24 hours.
Stock futures spiked during Monday evening as President Trump began his second term. The Dow Jones Industrial Average Futures rose 241 points, or 0.56%, as of 7:30 p.m. EDT.&nbsp; Futures tied to the S&amp;P 500 gained 0.51%, while Nasdaq 100 Futures added 0.56%.
The New York Stock Exchange and Nasdaq were closed on Monday to commemorate Martin Luther King Jr. Day and the markets will resume trading on Tuesday.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Widely followed cryptocurrency analyst Rekt Capital drew attention to the successful retest of $101,000 as Bitcoin's support.
"This confluent support may serve as a floor for future price action, enabling consolidation within this current $101,000-$106,000 range," the analyst added.
<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"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin never ceases to amaze with its price action Harsh rejection from the Range High but the most important takeaway is this: Bitcoin has successfully retested the red diagonal and black Range Low of $101k as support This confluent support may serve as a floor for… <a href="https://t.co/ZEFwviuIoF">https://t.co/ZEFwviuIoF</a> <a href="https://t.co/MA1Xknbfhf">pic.twitter.com/MA1Xknbfhf</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1881403885484487086?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another popular on-chain analyst and chartist, Ali Martinez, identified Ethereum&#8217;s $2,700–$3,000 support zone as an area of interest.
"This demand area must hold to maintain ETH's bullish outlook. A breakdown could invalidate the positive momentum," Martinez remarked.
<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">Keep an eye on the $2,700–$3,000 support zone. This demand area must hold to maintain the <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw">#Ethereum</a> <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> bullish outlook. A breakdown could invalidate the positive momentum.<a href="https://t.co/nzqYWTHqEf">https://t.co/nzqYWTHqEf</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1881338342748647832?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Photo by Avi Rozen on Shutterstock
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Bitcoin, Ethereum, Dogecoin Retrace From Pre-Inauguration Highs As Trump Skips Crypto Mention: Analyst Highlights BTC Consolidation In $101K-$106K Range

A 6.4 magnitude earthquake struck southern Taiwan early Tuesday, forcing Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) to evacuate facilities in a region critical to global chip supply, marking the second significant seismic event to impact semiconductor operations in recent months.
The quake&#8217;s epicenter was in Chiayi county&#8217;s Dapu township at a depth of 9.4 kilometers, according to Taiwan&#8217;s weather administration. 
TSMC, which supplies chips to major tech companies including Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), confirmed staff evacuations at its central and southern Taiwan facilities, though initial reports indicate minimal structural damage, according to Reuters.
At least 15 people sustained minor injuries, including six rescued from a collapsed house in Tainan city, where TSMC operates major fabrication plants. The incident follows April 2024&#8217;s more severe 7.4 magnitude earthquake that killed 13 people and disrupted semiconductor operations.
Taiwan&#8217;s location along the Pacific &#8220;Ring of Fire&#8221; makes it susceptible to earthquakes, with previous major incidents in 2016 and 1999 causing significant casualties and industrial disruption, according <a href="https://apnews.com/article/taiwan-earthquake-ec33fde6218f097c2aec6aac2a697761">to</a> the Associated Press.
TSMC is trading at NT$ 1,115 ($34.15) on the Taiwan Exchange, down 0.45% as of 9:12 AM local time. Hon Hai Precision Industry Co. Ltd., also known as Foxconn, has rebounded from an early dip and is currently trading at NT$ 178.50 ($5.47), up 0.28%.
Meanwhile, the TAIEX index, which tracks companies on the Taiwan Stock Exchange, stands at 23,259.39, down 0.032% for the day.
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Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Asia

AAPL

NVDA

Nvidia, Apple-Supplier TSMC Halts Production As 6.4 Magnitude Earthquake Strikes Taiwan

Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) faces mounting pressure as Jefferies downgraded the tech giant to &#8216;underperform,&#8217; citing concerns over revenue growth, following President Donald Trump's <a href="https://www.benzinga.com/markets/equities/25/01/43079785/trump-announces-apple-plans-massive-investment-in-the-us-following-discussion-with-ceo-tim-cook">remarks about potential new U.S. investments</a> from the company.
The Apple Analyst: Jefferies analyst Edison Lee cut his price target to $200.75 from $211.84, <a href="https://www.cnbc.com/2025/01/20/jefferies-downgrades-apple-to-rare-underperform-rating-says-revenue-may-disappoint.html">reported</a> CNBC, projecting a 12.7% downside for the stock. 
 The rare bearish call stands in contrast to broader Wall Street sentiment, with only three other analysts recommending selling Apple shares compared to 19 buy ratings, according to Tipranks.com. The stock has already declined over 8% in 2024, following last year&#8217;s 30% gain.
The Apple Thesis: Lee warns Apple could miss its 5% revenue growth forecast for the first quarter of fiscal year 2025 and expects disappointing second-quarter guidance, citing weak iPhone sales and limited artificial intelligence developments.
The downgrade comes as Trump announced potential &#8220;massive investment&#8221; plans from Apple in the United States, revealed during his recent victory rally in Washington D.C. Trump cited a conversation with CEO Tim Cook, linking the investment to his election win and broader initiative to expedite approvals for <a href="https://www.benzinga.com/markets/equities/25/01/43079785/trump-announces-apple-plans-massive-investment-in-the-us-following-discussion-with-ceo-tim-cook">companies investing $1 billion </a>or more in the U.S.
See Also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/25/01/43085491/where-will-sp-500-open-after-trumps-inauguration-39-pick-this-range">EXCLUSIVE: Where Will S&amp;P 500 Open Tuesday After Trump&#8217;s Inauguration? 39% Pick This Range</a>
Apple, which recently approached but fell short of a $4 trillion valuation, is set to report earnings on Jan. 30, with investors closely watching for signs of revenue weakness highlighted in the Jefferies report.
The contrasting narratives emerge amid strong market performance, with the tech-heavy Nasdaq 100 gaining 1.9% in its best week since November. Apple&#8217;s <a href="https://www.benzinga.com/quote/AAPL/analyst-ratings">consensus price target</a> stands at $245.17, based on 30 analyst ratings, with recent analysis from MoffettNathanson, Bernstein, and B of A Securities suggesting a modest 2.25% upside potential.
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/20195405/Screenshot-2025-01-21-at-6.23.00%E2%80%AFAM-1024x379.png" alt="" class="wp-image-741527" style="width:633px;height:auto" /></figure>
Price Action: Apple closed at $229.98 on Friday, up 0.75% for the day. In after-hours trading, the stock dipped 0.21%. Year to date, Apple's stock is down 5.69%, but over the past year, it has gained 18.61%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Apple Gets Rare Downgrade From Jefferies, Analyst Warns On Slowing Revenue Growth, Missed Forecasts, And Falling iPhone Demand

In a move mirroring his first term, President Donald Trump has announced his intention to withdraw the United States from the Paris climate agreement. This announcement came on the same day as his inauguration for a second term.
What Happened: Trump&#8217;s decision echoes his 2017 withdrawal from the global climate pact, a decision later reversed by President Joe Biden. &#8220;I&#8217;m immediately withdrawing from the unfair, one-sided Paris Climate Accords,&#8221; Trump declared as he signed a series of executive orders following his inauguration, <a href="https://www.cbsnews.com/news/trump-withdrawing-us-paris-climate-agreement-again/">reported</a> CBS News.
In December, Biden had said he rejoined the Agreement because he &#8220;understood we didn&#8217;t have a minute to waste tackling the climate crisis.&#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">On my first day as your president, America rejoined the Paris Agreement because I understood we didn&#39;t have a minute to waste tackling the climate crisis. That is still true today. Today, we celebrate 9 years of global climate progress under that historic commitment.
&mdash; President Biden (@POTUS46Archive) <a href="https://twitter.com/POTUS46Archive/status/1867278595590123888?ref_src=twsrc%5Etfw">December 12, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The Paris Agreement, a voluntary pact aimed at limiting global warming, allows nations to set their own greenhouse gas reduction targets. The U.S., one of the world&#8217;s top carbon polluters, faces a February 2025 deadline for new individual plans. The Biden administration had previously proposed a plan to cut U.S. greenhouse gas emissions by over 60% by 2035.
See Also: <a href="https://www.benzinga.com/government/regulations/25/01/43087435/trump-sets-policy-priorities-heres-how-the-world-betting-markets-reacted-on-day-1">Trump Sets Policy Priorities: How Musk, Qualcomm CEO, Hillary Clinton, Betting Markets Reacted</a>
Why It Matters: There are 195 signatories to the Paris Agreement, according to the United Nations. Notable nations that have not ratified it include Iran, Yemen and Libya — all in the Middle East.
In June, Trump&#8217;s campaign signaled his intent to withdraw from the Paris climate accord if re-elected. This move puts him at odds with businesses like Exxon Mobil Corp, whose CEO Darren Woods urged Trump to <a href="https://www.benzinga.com/markets/equities/24/06/39563833/trump-campaign-signals-intent-to-withdraw-us-from-paris-climate-accord-again-report">reconsider his decision</a>, stating that policy inconsistency creates challenges for businesses.
John Kerry, former secretary of state and co-executive chair of Galvanize Climate Solutions, warned that Trump&#8217;s withdrawal from the Paris Agreement would &#8220;<a href="https://www.benzinga.com/news/24/11/41966992/obama-era-state-secretary-warns-trumps-plans-to-withdraw-from-paris-agreement-would-cede-leadership-to-china">cede leadership to China</a>.&#8221;
Image via Shutterstock
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

General

Trump Signs Orders To Take US Out Of Paris Climate Agreement, Calls The Deal 'One-Sided' And Unfair

Sen. Marco Rubio (R-Fla.) has been unanimously confirmed as the 72nd U.S. Secretary of State on Monday.
What Happened: Rubio&#8217;s confirmation as the Secretary of State came on the day of President Trump&#8217;s inauguration, making him the first member of the Cabinet to be confirmed on the same day, <a href="https://thehill.com/policy/international/5096622-senate-confirms-marco-rubio-secretary/">reported</a> The Hill. The confirmation vote saw overwhelming bipartisan support, with a 99-0 vote, including Rubio&#8217;s own vote.
Sen. Chuck Grassley (R-Iowa) praised Rubio for his grasp of American foreign policy and his commitment to the American dream. Rubio&#8217;s Senate seat will be filled by Florida Attorney General Ashley Moody.
&#8220;No one on this body can doubt that Marco Rubio is an intelligent man with remarkable understanding of American foreign policy and a very deep commitment to the American dream,&#8221; said Grassley.
Descending from Cuban immigrants, Rubio&#8217;s appointment marks him as the first Latino American to serve as the top U.S. diplomat. His nomination has been a source of relief for lawmakers and allies abroad, who were concerned about Trump&#8217;s unpredictable approach to foreign affairs.
Rubio, a 14-year Senator, co-sponsored legislation aimed at preventing any president from withdrawing from NATO. During his confirmation hearing, he raised concerns about Chinese companies operating near the Panama Canal, citing national security risks.
See Also: <a href="https://www.benzinga.com/25/01/43077969/bernie-sanders-slams-elon-musks-vision-of-super-high-iq-aristocracy-who-are-going-to-be-running-the-world-for-us">Bernie Sanders Slams Elon Musk&#8217;s Vision Of &#8216;Super High IQ&#8217; Aristocracy Who Are &#8216;Going To Be Running The World For Us&#8217;</a>
Why It Matters: Trump <a href="https://www.benzinga.com/24/11/41959835/trump-nominates-marco-rubio-as-secretary-of-state-calls-florida-senator-a-powerful-voice-for-freedom">nominated Rubio</a> for the role of Secretary of State in November 2024, praising him as a &#8220;highly respected leader&#8221; and a &#8220;powerful voice for freedom.&#8221; 
Rubio&#8217;s nomination was followed by his <a href="https://www.benzinga.com/general/travel/25/01/42992007/trump-cabinet-confirmation-hearings-on-wednesday-departments-of-transportation-energy-state-attorney-general-cia-director">appearance</a> before the Senate Foreign Relations Committee in January 2025.
Photo Courtesy: Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Marco Rubio Becomes First Trump Cabinet Pick To Be Confirmed As Secretary Of State

CyberArk Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>) has outperformed the market over the past 10 years by 14.27% on an annualized basis producing an average annual return of 25.69%. Currently, CyberArk Software has a market capitalization of $15.29 billion. 
Buying $100 In CYBR: If an investor had bought $100 of CYBR stock 10 years ago, it would be worth $976.76 today based on a price of $350.95 for CYBR at the time of writing.
<h3>CyberArk Software's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737416709_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.

CYBR

$100 Invested In CyberArk Software 10 Years Ago Would Be Worth This Much Today

Elon Musk's complex relationship with his eldest daughter, Vivian Jenna Wilson, has reportedly significantly influenced his recent life choices, including selling off his luxurious homes. Despite his efforts, it appears this move didn't have the outcome he had hoped for.
<h2 class="wp-block-heading">A Painful Rift</h2>
Musk's relationship with Vivian, formerly Xavier (after Elon&#8217;s favorite character in the X-Men comics), took a sharp turn four to five years ago. As Walter Isaacson, Musk&#8217;s biographer, told in an <a href="https://www.youtube.com/watch?v=9BDmC5u_MLE">interview</a>, Vivian announced her transition to him in a note saying, "I'm transitioning, my name is now Jenna and don't tell my father."&nbsp;
She later legally changed her name and chose her mother's maiden name, signaling her desire to <a href="https://www.benzinga.com/24/07/39975349/elon-musks-transgender-daughter-vivian-wilson-speaks-out-about-fathers-absence-and-cruelty-hes-very">distance herself from Musk</a>.
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<li><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></li>
</ul>
While Musk initially publicly supported her transition, he revealed in Walter Isaacson's biography that the real pain came from her total rejection of him. Vivian has reportedly embraced anticapitalist views, hates billionaires and believes capitalism is theft. Musk's attempts to connect with her have so far been unsuccessful.
<h2 class="wp-block-heading">Selling His Homes to Please Her</h2>
<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">I am selling almost all physical possessions. Will own no house.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1256239554148724737?ref_src=twsrc%5Etfw">May 1, 2020</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In 2020, Musk boldly declared on X, announcing that he was selling almost all of his possessions, including his homes, stating, "Possession just weighs you down." At the time, he owned a sprawling real estate portfolio, according to Business Insider, including:
<ul>
<li>A $17 million mansion in Bel Air with a pool, tennis court and breathtaking views he bought in 2012. Listed in 2020 at $30 million.</li>
<li>Gene Wilder's former home, purchased for $6.75 million, which he later sold to Wilder&#8217;s nephew for $7 million. After a <a href="https://www.benzinga.com/news/24/08/40477567/elon-musk-who-once-vowed-to-own-no-home-now-foreclosing-on-filmmakers-7m-childhood-house">recent foreclosure</a>, it&#8217;s listed for $9.5 million.</li>
<li>He bought several other Bel Air properties for $24 million, $20 million, $4.3 million and $4.2 million. In 2020, they were listed for a collective $62.5 million and sold six months later.</li>
<li>A 16,000-square-foot Bay Area mansion was purchased for $23.4 million and sold for $30 million.</li>
</ul>
See Also: ‘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>
Musk listed these properties and sold them in quick succession, ultimately <a href="https://www.benzinga.com/startups/24/02/36962520/elon-musks-75-year-old-mother-says-she-sleeps-on-mattresses-or-blankets-on-the-floor-or-in-the-garag">downsizing to a tiny $50,000 prefab house</a> near SpaceX's Starbase in Texas. He hoped living modestly would align with Vivian's anticapitalist values and possibly mend their relationship. As Isaacson put it, he thought that by selling all five of his pretty nice homes, he would just live very frugally, which would please her. Unfortunately, his efforts didn&#8217;t bear fruit.
<h2 class="wp-block-heading">A Political Shift</h2>
The rift with Vivian is just one piece of a broader evolution in Musk's political and social views. Once a center-left donor who supported Barack Obama and voted for Hillary Rodham Clinton and Joe Biden in 2016 and 2020, respectively, Musk has become increasingly critical of what he calls the "woke mind virus."&nbsp;
He attributes some of this shift to his daughter's rejection and the influence of her progressive Los Angeles school, Crossroads. Musk has also voiced frustrations over issues like COVID-19 lockdowns and gender ideology, which he believes have gone too far.
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Real Estate

Elon Musk Wanted To Please His 'Anti-Capitalist' Daughter By Selling All Five Of His Homes And Living Frugally. It Didn't Work

GoDaddy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDDY#NYSE">GDDY</a>) has outperformed the market over the past 5 years by 10.33% on an annualized basis producing an average annual return of 23.03%. Currently, GoDaddy has a market capitalization of $28.21 billion. 
Buying $100 In GDDY: If an investor had bought $100 of GDDY stock 5 years ago, it would be worth $279.70 today based on a price of $200.91 for GDDY at the time of writing.
<h3>GoDaddy's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737415815_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.

GDDY

If You Invested $100 In This Stock 5 Years Ago, You Would Have This Much Today

Donald Trump's return to the White House came with a sweeping set of <a href="https://www.benzinga.com/government/regulations/25/01/43086509/trump-unleashes-executive-orders-on-border-security-oil-drilling-domestic-manufacturing-in-first-acts-as-president">executive orders and policy pledges</a>.
What Happened: After Trump&#8217;s swearing-in, a grandiose speech outlined an aggressive MAGA agenda on border security, energy, economic <a href="https://www.benzinga.com/topic/donald-trump">policy, and government reform.</a>
&#8220;Every single day, I will be fighting for you with every breath in my body,&#8221; Trump posted on X in through the official presidential account @POTUS. &#8220;This will truly be the golden age of America.&#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">AMERICA IS BACK. &#x1f1fa;&#x1f1f8; Every single day I will be fighting for you with every breath in my body. I will not rest until we have delivered the strong, safe and prosperous America that our children deserve and that you deserve. This will truly be the golden age of America. <a href="https://t.co/cCuSV8Q44Z">pic.twitter.com/cCuSV8Q44Z</a>
&mdash; President Donald J. Trump (@POTUS) <a href="https://twitter.com/POTUS/status/1881408246067744887?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Here are the main topics Trump addressed:
<h3 class="wp-block-heading">1) Border Security</h3>
Trump vows to:
<ul>
<li>End catch-and-release, reinstate &#8220;Remain in Mexico,&#8221; and finish the border wall.</li>
<li>Conduct mass deportations and suspend refugee resettlement due to what he considers &#8220;unsustainable populations&#8221;</li>
<li>Deploy the National Guard for border security.</li>
<li>Declare cartels as foreign terrorist organizations and use the Alien Enemies Act to remove them.</li>
<li>Seek the death penalty for crimes like killing law enforcement or &#8220;heinous crimes against humanity&#8221;.</li>
</ul>
<h3 class="wp-block-heading">2) Energy</h3>
Trump promises to launch a so-called &#8220;America First Trade Policy&#8221; by:
<ul>
<li>Ending <a href="https://www.benzinga.com/government/23/10/35240230/us-is-producing-more-oil-under-biden-than-at-any-point-under-the-trump-administration">Biden's climate policies</a> and streamlining permits.</li>
<li>Declaring an energy emergency to build &#8220;critical infrastructure&#8221;.</li>
<li>Revoking EV mandates.</li>
<li><a href="https://apnews.com/article/trump-paris-agreement-climate-change-788907bb89fe307a964be757313cdfb0">Withdrawing</a> from the Paris Climate Accord and stopping federal support for wind farms.</li>
</ul>
<h3 class="wp-block-heading">3) &#8216;The Swamp&#8217;</h3>
Trump wants to:
<ul>
<li>Freeze federal hiring, except in essential roles, to eliminate &#8220;overpaid DEI activists&#8221;.</li>
<li>Roll back Biden-era regulations and force federal employees back to in-person work (Some Republicans claim that only 6% do, but that&#8217;s been <a href="https://www.cbs8.com/article/news/verify/government-verify/6-percent-of-federal-employees-work-in-the-office-fact-check/536-0b6e4537-677e-4bab-ac00-62e98c3824a8">disputed</a>).</li>
<li>End what he calls government "weaponization" and ban federal censorship of speech, without citing specifics. </li>
</ul>
<h3 class="wp-block-heading">4) Gender Diversity </h3>
Trump promised to:
<ul>
<li>Sign executive orders proclaiming that the U.S. government will recognize only two sexes, male and female</li>
<li>Denounce diversity, equity and inclusion programs inside federal agencies.</li>
</ul>
<h3 class="wp-block-heading">Reactions</h3>
The business world took note of Trump's rapid-fire policy changes. Elon Musk posted on X, &#8220;AMERICA IS GOING TO MARS&#8221;, following Trump's renewed commitment to space travel.
<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">&#x1f1fa;&#x1f1f8;&#x1f1fa;&#x1f1f8; AMERICA IS GOING TO MARS &#x1f1fa;&#x1f1f8;&#x1f1fa;&#x1f1f8; <a href="https://t.co/Jfvi43YWse">pic.twitter.com/Jfvi43YWse</a>
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1881419178516832441?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Peter Schiff, a vocal crypto critic, highlighted the fact that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) wasn&#8217;t <a href="https://www.benzinga.com/25/01/43086698/crypto-market-plunges-after-trumps-inaugural-speech-fails-to-mention-digital-assets">mentioned</a> during Trump's speech: &#8220;One of the best things about @realDonaldTrump&#8217;s speech is that he didn't mention Bitcoin.&#8221;
CFTC-regulated Kalshi showed the probability of a Trump crypto executive order within the first 24 hours falling to 44%.
<iframe loading="lazy" src="https://kalshi.com/external-widgets/events/KXCRYPTODAY1-25/markets/KXCRYPTODAY1-25?color_scheme=light&#038;widget_size=large" width="552px" height="400px" style="border:0" /></iframe>
Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) CEO Cristiano R. Amon welcomed Trump's return, saying the company looks forward to fostering &#8220;a robust environment for innovation and growth&#8221; under the new administration.
Trump&#8217;s declaration of a national energy emergency and promise to expand oil drilling suggest he may push to open up more federal lands for energy production, including in Alaska. 
Following his speech, Polymarket betting odds on Trump approving drilling in the Arctic National Wildlife Refuge surged to 93%, indicating strong expectations that his administration will prioritize oil and gas development in the region.
Trump declared that the U.S. would &#8220;take back&#8221; the Panama Canal, citing concerns over Chinese influence in the region. Betting markets on Kalshi showed odds of Trump moving to retake the canal jumping to 42%.
Trump also announced plans to rename Mt. Denali back to Mt. McKinley and start calling The Gulf of Mexico the &#8220;Gulf of America,&#8221; which <a href="https://www.cnn.com/2025/01/20/politics/video/hillary-clinton-jd-vance-laugh-trump-inauguration">garnered</a> a chuckle from former Secretary of State and his 2016 presidential rival, Hillary Clinton.
<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">Hilary Clinton laughing when Trump talks about renaming the Gulf of Mexico <a href="https://t.co/As3WtXKZvd">pic.twitter.com/As3WtXKZvd</a>
&mdash; News Now (@NewsNowUS) <a href="https://twitter.com/NewsNowUS/status/1881402579038732622?ref_src=twsrc%5Etfw">January 20, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The odds of changing the name of the Gulf by the end of the year surged to 98% on Kalshi platform.
<iframe loading="lazy" src="https://kalshi.com/external-widgets/events/KXGULF-26/markets/KXGULF-26?color_scheme=light&#038;widget_size=large" width="552px" height="400px" style="border:0" /></iframe>
Read Now: 
<ul>
<li><a href="https://www.benzinga.com/government/regulations/25/01/43085323/trump-sworn-in-as-47th-president-declares-golden-age-of-america-begins-right-now">Trump Sworn In As 47th President, Declares &#8216;Golden Age Of America Begins Right Now&#8217;</a></li>
</ul>
Image: Shutterstock

Macro Economic Events

Regulations

Econ #s

QCOM

Trump Sets Policy Priorities: How Musk, Qualcomm CEO, Hillary Clinton,  Betting Markets Reacted

WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) has outperformed the market over the past 10 years by 3.48% on an annualized basis producing an average annual return of 14.89%. Currently, WR Berkley has a market capitalization of $22.68 billion. 
Buying $1000 In WRB: If an investor had bought $1000 of WRB stock 10 years ago, it would be worth $4,001.05 today based on a price of $59.50 for WRB at the time of writing.
<h3>WR Berkley's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737414914_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.

Here's How Much You Would Have Made Owning WR Berkley Stock In The Last 10 Years

Zoetis (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTS#NYSE">ZTS</a>) has outperformed the market over the past 10 years by 2.96% on an annualized basis producing an average annual return of 14.38%. Currently, Zoetis has a market capitalization of $74.89 billion. 
Buying $100 In ZTS: If an investor had bought $100 of ZTS stock 10 years ago, it would be worth $376.25 today based on a price of $166.00 for ZTS at the time of writing.
<h3>Zoetis's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737414008_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.

$100 Invested In This Stock 10 Years Ago Would Be Worth This Much Today

Tapestry (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPR#NYSE">TPR</a>) has outperformed the market over the past 5 years by 8.51% on an annualized basis producing an average annual return of 21.21%. Currently, Tapestry has a market capitalization of $16.62 billion. 
Buying $1000 In TPR: If an investor had bought $1000 of TPR stock 5 years ago, it would be worth $2,555.12 today based on a price of $71.39 for TPR at the time of writing.
<h3>Tapestry's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737413109_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.

Here's How Much $1000 Invested In Tapestry 5 Years Ago Would Be Worth Today

Chemed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHE#NYSE">CHE</a>) has outperformed the market over the past 20 years by 6.35% on an annualized basis producing an average annual return of 14.83%. Currently, Chemed has a market capitalization of $8.32 billion. 
Buying $1000 In CHE: If an investor had bought $1000 of CHE stock 20 years ago, it would be worth $16,306.00 today based on a price of $555.52 for CHE at the time of writing.
<h3>Chemed's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1737412208_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.

Here's How Much $1000 Invested In Chemed 20 Years Ago Would Be Worth Today

President Donald Trump named Mark Uyeda, a Republican member of the U.S. Securities and Exchange Commission (SEC), acting chair of the agency.
What Happened: The White House <a href="https://www.whitehouse.gov/presidential-actions/2025/01/designation-of-chairmen-and-acting-chairmen/">confirmed</a> Uyedas&#8217;s role as acting chair of the agency. 
Trump picked former SEC Commissioner Paul Atkins to oversee the SEC permanently, but Congress must approve the nomination.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43059401/bitcoin-spikes-to-104000-traders-eye-130000-target-in-late-january" target="_blank" rel="noreferrer noopener">Bitcoin Traders Eye $130,000 Target In Late January</a>
Uyeda temporarily takes over duties from Gary Gensler, former President Joe Biden&#8216;s SEC chair, who prosecuted cryptocurrency-related companies like Coinbase and Ripple throughout his tenure. 
Gensler also advocated for more cryptocurrency regulation ahead of his <a href="https://www.benzinga.com/government/regulations/24/11/42120607/gary-gensler-to-step-down-as-sec-chair-on-trumps-inauguration-day">departure from the SEC</a>. 
Uyeda&#8217;s legal career began at Kirkpatrick &amp; Lockhart, which is now K&amp;L Gates. 
In 2004, then-Governor Arnold Schwarzenegger appointed Uyeda as Chief Advisor to the California Corporations Commissioner, the state&#8217;s securities regulator.
By 2006, he joined the SEC and was eventually named commissioner on June 30, 2022.
He also <a href="https://www.sifma.org/people/mark-t-uyeda/?utm_source=chatgpt.com">served</a> as counsel to commissioner Atkins.
Why It Matters: A Trump appointment to the SEC will likely influence the agency&#8217;s policies regarding cryptocurrency regulation, Reuters reports.
Trump&#8217;s business dealings are heavily tied to cryptocurrency. On Friday, he debuted <a href="https://www.benzinga.com/25/01/43082005/market-to-seek-further-information-on-utilization-of-80-trump-token-supply-says-bernstein">his own meme coin</a> called Official Trump (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">TRUMP</a>) and, before that, his family helped launch World Liberty Financial (WLFI), a decentralized finance platform.
According to the <a href="https://www.nytimes.com/interactive/2025/01/17/us/politics/trump-conflicts-of-interest.html">New York Times</a>, citing 2024 financial disclosures, Trump owns up to $5 million worth of Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>). The new SEC is expected to loosen regulations on crypto and implement new guidelines that could bolster the value of Ethereum, Bitcoin (CRYPTP: BTC) and tokens at WLFI.
Now Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43085738/trumps-crypto-silence-inauguration-omission-sparks-questions-after-history-of-mixed-signals">Trump&#8217;s Crypto Silence: Inauguration Omission Sparks Questions After History Of Mixed Signals</a></li>
</ul>
Image: Shutterstock

$TRUMP

Trump Names Uyeda Acting SEC Chair, Regulators Get Ready For Crypto Makeover

Barclays analyst Adrienne Yih upgraded Tapestry (TPR – Research Report) to a Buy today and set a price target of $87.00. The company's shares close...

Tapestry (TPR) was upgraded to a Buy Rating at Barclays

Barclays analyst Adrienne Yih upgraded Tapestry (TPR) to Overweight from Equal Weight with a price target of $87, up from $57. The company's brand ...

Tapestry upgraded to Overweight from Equal Weight at Barclays

Moat Strategies Reposition For 2025 Amid December Dip

UBS analyst Jay Sole raised the firm's price target on Tapestry (TPR) to $70 from $57 and keeps a Neutral rating on the shares. The firm's conversa...

Tapestry price target raised to $70 from $57 at UBS

The luxury market seems poised for robust growth, driven by rising consumer spending, strong demand, sustainability trends, direct-to-consumer models, and digital innovation. Therefore, investors may want to consider strong luxury stocks such as Tapestry (TPR), Ralph Lauren (RL), and Nordstrom (JWN). Read more... The luxury market is thriving, fueled by economic recovery and rising consumer spending. Segments like luxury fashion, jewelry, and watches are witnessing steady growth, with the Asia-Pacific region driving demand. This highlights the shift towards Direct-to-Consumer models and trend adaptation.
Hence, as global luxury demand soars, strong performers like Tapestry Inc. (<a href="https://stocknews.com/stock/TPR/">TPR</a>), Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>), and Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>) are worth considering.
Younger consumers are driving luxury brands to embrace sustainability and digitalization, aligning with evolving preferences and boosting relevance. Transparent, responsible practices are increasing premium sales across categories like cosmetics, jewelry, and apparel, which have outperformed. As a result, the global luxury fashion market is projected to reach $410.6 billion by 2032, growing at a <a href="https://straitsresearch.com/report/luxury-fashion-market#:~:text=The%20global%20luxury%20fashion%20market,period%20(2024%2D2032).">CAGR of 5.8%</a>.
Despite certain challenges, the consumer outlook for the second half of 2025 remains positive, driven by increased tourism and expanded retail channels supporting sector recovery. Online sales are emerging as the dominant platform for luxury purchases, with brands focusing on personalized digital experiences. This year, the luxury goods market is projected to generate <a href="https://www.statista.com/outlook/cmo/luxury-goods/worldwide">$473.90 billion</a>, with a 4% CAGR.
Considering these conducive trends, let's analyze the fundamental aspects of the three <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry picks, beginning with the third choice.
Stock #3: Tapestry Inc. (<a href="https://stocknews.com/stock/TPR/">TPR</a>)
TPR provides luxury accessories and branded lifestyle products internationally. The company operates in three segments: Coach, Kate Spade, and Stuart Weitzman.
In terms of the trailing-12-month gross profit margin, TPR's 73.91% is 95.6% higher than the 37.79% industry average. Its 29.92% trailing-12-month <a href="https://www.investopedia.com/terms/r/returnonequity.asp">Return on Common Equity</a> is 172.7% higher than the 10.97% industry average. Moreover, the stock's 12.12% trailing-12-month net income margin is 188.2% higher than the 4.20% industry average.
During the first quarter that ended on September 28, 2024, TPR's net sales came in at $1.51 billion. Its gross profit rose 3.4% year-over-year to $1.13 billion. The company's net income was reported at $186.60 million, or $0.79 per share. Moreover, as of September 28, 2024, its total assets stood at $13.73 billion, compared to $13.40 billion as of June 29, 2024.
Street expects TPR's EPS for the quarter ending December 31, 2024, to increase 5.9% year-over-year to $1.73. Its revenue for the same quarter is expected to rise 1.2% year-over-year to $2.11 billion. TPR's stock has gained 76.1% over the past year to close the last trading session at $65.87.
TPR's robust prospects are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings assess stocks by 118 different factors, each with its own weighting.
It has an A grade for Quality. It is ranked #26 out of 59 stocks in the <a href="https://stocknews.com/category/fashion-luxury/">Fashion &amp; Luxury</a> industry. <a href="https://stocknews.com/stock/TPR/">Click here</a> to access all of TPR's POWR Ratings (Growth, Value, Momentum, Stability, and Sentiment).
Stock #2: Ralph Lauren Corporation (<a href="https://stocknews.com/stock/RL/">RL</a>)
RL designs, markets, and distributes lifestyle products in North America, Europe, Asia, and other international markets. The company offers apparel, including a range of men's, women's, and children's clothing, as well as footwear, accessories, leather goods, home products, and fragrances.
In terms of the trailing-12-month levered FCF margin, RL's 11.78% is 161.8% higher than the 4.50% industry average. Its 12.42% trailing-12-month EBIT margin is 54.5% higher than the 8.04% industry average. Also, the stock's 10.06% trailing-12-month Return on Total Assets is 155.4% higher than the 3.94% industry average.
For the fiscal second quarter that ended September 28, 2024, RL's revenues increased 5.7% year-over-year to $1.73 billion. Its gross profit rose 8% from the year-ago value to $1.16 billion. In addition, the company's non-GAAP net income and non-GAAP net income per common share grew 15% and 21% from the prior year's period to $162.10 million and $2.54, respectively.
For the quarter ending December 31, 2024, RL's EPS and revenue are expected to increase 8% and 4% year-over-year to $4.50 and $2.01 billion, respectively. It surpassed the consensus EPS estimates in each of the trailing four quarters. Over the past year, the stock has gained 57.6% to close the last trading session at $229.55.
It's no surprise that RL has an overall rating of B, which translates to a Buy in our proprietary POWR Ratings system.
It has an A grade for Quality and a B for Sentiment. It is ranked #12 in the same industry. Beyond what we stated above, we also have given RL grades for Growth, Value, Momentum, and Stability. Get all the RL ratings <a href="https://stocknews.com/stock/RL/">here</a>.
Stock #1: Nordstrom, Inc. (<a href="https://stocknews.com/stock/JWN/">JWN</a>)
JWN is a fashion retailer that provides apparel, shoes, beauty products, accessories, and home goods for women, men, young adults, and children. It offers a range of brand-name and private-label merchandise through various channels, including Nordstrom-branded stores, online, and clearance stores.
On December 18, 2024, JWN announced plans to open a new Nordstrom Rack in Nashua, New Hampshire, in spring 2025. The 30,000-square-foot store will offer discounted brands and services such as online order pickup and easy returns.
In terms of the trailing-12-month Return on Common Equity, JWN's 30.54% is 178.3% higher than the 10.97% industry average. Its 6.71% trailing-12-month Return on Total Capital is 8.6% higher than the 6.18% industry average. Likewise, the stock's 1.65x trailing-12-month asset turnover ratio is 68.2% higher than the 0.98x industry average.
During the third quarter, which ended on November 2, 2024, JWN's revenue increased 4.6% year-over-year to $3.35 billion. The company's adjusted EBITDA was $231 million, up 12.7% from the prior year's quarter. Additionally, its adjusted EPS rose 32% from the year-ago value to $0.33.
Analysts expect JWN's revenue for the quarter ending April 30, 2025, to increase 2.2% year-over-year to $3.41 billion. Its EPS for fiscal 2026 is expected to grow 4.2% year-over-year to $2.04. It surpassed the Street EPS estimates in three of the trailing four quarters. Over the past year, JWN's stock has gained 28% to close the last trading session at $24.21.
JWN's strong fundamentals are reflected in its POWR Ratings. It has an overall rating of B, equating to a Buy in our proprietary rating system.
It has an A grade for Value and a B for Momentum and Quality. Within the Fashion &amp; Luxury industry, it is ranked #5. To see JWN's Growth, Stability, and Sentiment ratings, <a href="https://stocknews.com/stock/JWN/">click here</a>.
What To Do Next?
Get your hands on this special report with 3 low priced companies with tremendous upside potential even in today's volatile markets:
<a href="https://report.stocknews.com/free-report/3stocks/?formplacement=artbotad_3s">3 Stocks to DOUBLE This Year &gt;</a>

<hr />
TPR shares were trading at $65.71 per share on Monday morning, down $0.16 (-0.24%). Year-to-date, TPR has gained 83.87%, versus a 25.21% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Abhishek Bhuyan</h2> <img src='https:/wp-content/uploads/2023/07/ABhuyan.jpg' style="float:left; padding:5px;width:125px;">Abhishek embarked on his professional journey as a financial journalist due to his keen interest in discerning the fundamental factors that influence the future performance of financial instruments.<a href="https://stocknews.com/authors/?author=abhishek-bhuyan">More...</a>The post <a href=https://stocknews.com/news/tpr-rl-jwn-3-luxury-brand-stocks-that-continue-to-outperform/>3 Luxury Brand Stocks That Continue to Outperform</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Luxury Brand Stocks That Continue to Outperform

Jefferies analyst Ashley Helgans maintained a Buy rating on Tapestry (TPR – Research Report) yesterday and set a price target of $80.00. The compan...

Jefferies Reaffirms Their Buy Rating on Tapestry (TPR)

Italy's Prada (PRDSY) is among the potential suitors looking at fashion group Versace, which has been put up for sale by parent Capri Holdings (CPR...

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