Fidelity Wise Origin Bitcoin Fund Common Shares of Beneficial Interest (BATS: FBTC)

Dernières nouvelles pour Fidelity Wise Origin Bitcoin Fund Common Shares of Beneficial Interest (BATS:FBTC)

Trusts investment strategy is concentrated in a single asset within a single asset class. This concentration maximizes the degree of the Trusts exposure to a variety of market risks associated with bitcoin and digital assets

Fidelity Wise Origin Bitcoin Fund

Fidelity Wise Origin Bitcoin Fund Common Shares of Beneficial Interest

Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) will release its third-quarter financial results after the <a href="https://www.benzinga.com/quote/INTU/earnings">closing bell on Thursday, May 22</a>.
Analysts expect the Mountain View, California-based company to report quarterly earnings at $10.91 per share, up from $9.88 per share in the year-ago period. Intuit projects quarterly revenue of $7.56 billion, compared to $6.74 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On May 16, UBS analyst Taylor McGinnis maintained Intuit with a Neutral and raised the price target from $655 to $720.
With the recent buzz around Intuit, some investors may be eyeing potential gains from the company's dividends too. As of now, Intuit offers an annual dividend yield of 0.63%, which is a quarterly dividend amount of $1.04 per share ($4.16 a year).
To figure out how to earn $500 monthly from Intuit, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Intuit's $4.16 dividend: $6,000 / $4.16 = 1,442 shares.
So, an investor would need to own approximately $951,691 worth of Intuit, or 1,442 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $4.16 = 288 shares, or $190,074 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield will decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
INTU Price Action: Shares of Intuit fell by 1.7% to close at $659.98 on Wednesday.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro" width="500" height="281" src="https://www.youtube.com/embed/pVF0O2lsEH4?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
Read More: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45540545/jim-cramer-recommends-not-buying-mosaic-doesnt-like-this-industrial-stock">Jim Cramer Recommends Not Buying Mosaic, Doesn&#8217;t Like This Industrial Stock</a></li>
</ul>
Photo: Shutterstock

Earnings

Long Ideas

News

Markets

INTU

How To Earn $500 A Month From Intuit Stock Ahead Of Q3 Earnings

UBS analyst Jay Sole maintains VF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) with a Neutral and lowers the price target from $16 to $14.

Price Target

Analyst Ratings

UBS Maintains Neutral on VF, Lowers Price Target to $14

UBS analyst Eliana Merle maintains RAPT Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAPT#NASDAQ">RAPT</a>) with a Neutral and lowers the price target from $2 to $1.

RAPT

UBS Maintains Neutral on RAPT Therapeutics, Lowers Price Target to $1

UBS analyst Amit Mehrotra maintains Trane Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TT#NYSE">TT</a>) with a Buy and raises the price target from $470 to $500.

UBS Maintains Buy on Trane Technologies, Raises Price Target to $500

Broadcom Inc. (AVGO) is currently positioned at a pivotal point within its 12th Phase of the 18-Phase Adhishthana Cycle, and the setup looks increasingly favorable for a potential breakout, provided one critical level is breached.
<h3 class="wp-block-heading">Where We Are in the Cycle</h3>
Broadcom is now in its 6th full Adhishthana Cycle, having completed five full 18-phase cycles since it was listed. The current cycle began in July 2023, and so far, the stock has shown a strong 91% alignment with the Adhishthana Principles, a proprietary framework that forecasts stock behavior through cyclical analysis, incorporating both quantitative signals and behavioral archetypes.

<h3 class="wp-block-heading">Key Cycle Highlights So Far</h3>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1200" height="675" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083801/Adhishthana-Broadcom-Phases.png" alt="Fig. 1 Broadcom Inc Key Phases (Source: Adhishthana.com)" class="wp-image-13264" style="width:885px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083801/Adhishthana-Broadcom-Phases.png 1200w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083801/Adhishthana-Broadcom-Phases-300x169.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083801/Adhishthana-Broadcom-Phases-1024x576.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083801/Adhishthana-Broadcom-Phases-768x432.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption class="wp-element-caption">Fig. 1 Broadcom Inc Key Phases (Source: Adhishthana.com)</figcaption></figure>
<h3 class="wp-block-heading">Phase 2: The +33% Move</h3>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1200" height="617" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083842/Broadcom-Phase-2.png" alt="Fig. 2 Broadcom Phase 2 (Source: Adhishthana.com)" class="wp-image-13265" style="width:869px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083842/Broadcom-Phase-2.png 1200w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083842/Broadcom-Phase-2-300x154.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083842/Broadcom-Phase-2-1024x527.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22083842/Broadcom-Phase-2-768x395.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption class="wp-element-caption">Fig. 2 Broadcom Phase 2 (Source: Adhishthana.com)</figcaption></figure>
In Phase 2, Broadcom traded sideways for precisely 38 trading days, a consolidation period that aligns with our model's expected duration for this phase, known as the Move of Sankhya. Following this, the stock surged 33% in what we call the Rally of Buddhi, a powerful breakout driven by strong market sentiment. This rally set a bullish tone for the cycle.

<h3 class="wp-block-heading">Phase 7: The -21% Move</h3>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1010" height="700" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084025/Broadcomm-Phase-7-.png" alt="" class="wp-image-13266" style="width:834px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084025/Broadcomm-Phase-7-.png 1010w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084025/Broadcomm-Phase-7--300x208.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084025/Broadcomm-Phase-7--768x532.png 768w" sizes="(max-width: 1010px) 100vw, 1010px" /><figcaption class="wp-element-caption">Fig. 3 Broadcom Inc Phase 7 (Source: Adhishthana.com)</figcaption></figure>
In alignment with cyclical expectations, Phase 7 witnessed a 21% decline across exactly 7 red bars, a textbook example of the "The Arthah &amp; Artharthi correction," which often flushes out speculative positions and resets valuations.

<h3 class="wp-block-heading">Phase 9: The +60% Move</h3>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="854" height="852" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084102/Broadcom-Phase-9.png" alt="Fig. 4 Broadcom Inc Phase 9 (Source: Adhishthana.com)" class="wp-image-13267" style="width:771px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084102/Broadcom-Phase-9.png 854w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084102/Broadcom-Phase-9-300x300.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084102/Broadcom-Phase-9-150x150.png 150w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084102/Broadcom-Phase-9-768x766.png 768w" sizes="(max-width: 854px) 100vw, 854px" /><figcaption class="wp-element-caption">Fig. 4 Broadcom Inc Phase 9 (Source: Adhishthana.com)</figcaption></figure>
Phase 9 was a defining moment, with Broadcom rallying 60% and achieving an all-time high in what I call the Supreme Wave Breakout. This surge shattered the resistance zone, or Cakra Cycle, formed between Phases 4 and 8, confirming Broadcom's adherence to the Adhishthana Principles. The rally highlighted the stock's strength in the semiconductor market and its robust market position.
<h3 class="wp-block-heading">Phases 10–11: The -44% Move</h3>
<figure class="wp-block-image size-full is-resized"><img loading="lazy" decoding="async" width="1200" height="542" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084152/Broadcom-The-Himalayan-Formation.png" alt="Fig. 5 Broadcom Inc. Phase 9-11 (Source: Adhishthana.com)" class="wp-image-13268" style="width:899px;height:auto" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084152/Broadcom-The-Himalayan-Formation.png 1200w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084152/Broadcom-The-Himalayan-Formation-300x136.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084152/Broadcom-The-Himalayan-Formation-1024x463.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/05/22084152/Broadcom-The-Himalayan-Formation-768x347.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /><figcaption class="wp-element-caption">Fig. 5 Broadcom Inc. Phase 9-11 (Source: Adhishthana.com)</figcaption></figure>
(Note: If you look closely at Fig. 5, you&#8217;ll notice that the price initially rallied from Phase 9 to the midpoint of Phase 10 before collapsing. The entire structure resembles a mountain, which I refer to as the &#8216;Himalayan Formation.&#8217;)
Since late January 2025, Broadcom has faced a 44% pullback, a typical correction following the Himalayan ascent of Phase 9. This decline found support at the Level of Nirvana i.e., $162.43, a key price point that acts as a magnet during sell-offs in our model and makes the valuations attractive.&nbsp;
<h3 class="wp-block-heading">What to Expect Going Forward</h3>
After breaching the Level of Nirvana in Phase 11, we observed a wave of buying driven by its attractive valuation. Broadcom is currently in Phase 12 of the Adhishthana Cycle, a critical transitional stage. The key level to watch is $249.59 i.e., the high of Phase 10 (C10). If Broadcom breaches and closes above this level, Phase 13, which begins on June 17, 2025, could usher in extreme bullishness. Our clients began increasing their exposure to AVGO in early April, and we expect this momentum to continue through August 2025, supported by the stock's renewed strength in the tech sector.

Equities

Technicals

Opinion

Signals

Trading Ideas

AVGO

Broadcom Stock Poised For a Breakout? $249.59 Is A Key Level To Watch

UBS analyst Jay Sole maintains TJX Companies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TJX#NYSE">TJX</a>) with a Buy and raises the price target from $154 to $164.

UBS Maintains Buy on TJX Companies, Raises Price Target to $164

Fartcoin (CRYPTO: FARTCOIN) is leading the latest meme coin charge, surging 18% in 24 hours, as traders eye a run to $2 in <a href="https://www.benzinga.com/money/fartcoin-price-prediction#:~:text=Maximum%20Prediction%3A%20%242.26,increase%20from%20its%20current%20value.">the near term</a>.
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Price&nbsp;&nbsp;&nbsp;</td>
<td>Market Cap</td>
<td>24-Hour Trend</td>
<td>7-Day Trend</td>
</tr>
<tr>
<td>Fartcoin (CRYPTO: FARTCOIN)</td>
<td>&nbsp;$1.53</td>
<td>$1.53 billion</td>
<td>&nbsp;+17.9%</td>
<td>+19.1%&nbsp;</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>&nbsp;$0.2408</td>
<td>$36 billion</td>
<td>+6.2%&nbsp;</td>
<td>+5.4%&nbsp;</td>
</tr>
<tr>
<td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td>
<td>&nbsp;$0.00001531</td>
<td>$9.02 billion</td>
<td>+5%&nbsp;</td>
<td>+0.96%&nbsp;</td>
</tr>
</tbody>
</table>
</figure>
Trader Notes: Trader Unipcs <a href="https://x.com/theunipcs/status/1925211859134865775">compared</a> Fartcoin's current chart to early Bitcoin setups, noting its surging attention and mindshare since the U.S. elections. He believes it could spark another meme coin wave.
Kook Capital <a href="https://x.com/KookCapitalLLC/status/1925488819299569789">called</a> for a breakout from a multi-week range, with new all-time highs imminent. Altcoin Sherpa directly predicts a run to $2.
<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">$2 next for Fartcoin <a href="https://t.co/ZS9hFIJLOo">pic.twitter.com/ZS9hFIJLOo</a>
&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1925494129402028458?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
RookieXBT <a href="https://x.com/RookieXBT/status/1925456869574824402">urged</a> major exchanges to list Fartcoin, arguing its metrics outperform traditional KPIs. 
He cited strong market momentum, a dominant derivatives footprint, deep decentralization, top-tier holder distribution and zero reliance on paid marketing or centralized control.
Statistics: Coinglass data shows Fartcoin's liquidations in past 24 hours ($4.4 million) dominated by short liquidations of $3.7 million, reflecting traders forced to close short positions with the sudden rally. 
Open interest climbed by 20% in a single day to $702.09 million, showing high trader interest in the meme coin.
Crypto trader CRG emphasized Fartcoin's organic growth, noting its lack of a formal team, no supply control, no marketing spends, and still no Tier-1 exchange listings.
Fartcoin is <a href="https://x.com/thesolanapost/status/1925486397667885161">currently </a>the top project by social engagement, signaling intense community energy.
<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">Fartcoin volume is crazy Left: spot volume Right: perps volume All with no team, no paid marketing, no supply control, no T1 spot listings Just farts <a href="https://t.co/Yt14Nfa2nQ">pic.twitter.com/Yt14Nfa2nQ</a>
&mdash; CRG (@MacroCRG) <a href="https://twitter.com/MacroCRG/status/1925458089358025018?ref_src=twsrc%5Etfw">May 22, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&nbsp;Read Next:&nbsp;
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/05/45550301/solana-fartcoin-whale-trader-up-10-million-but-down-6-figures-on-xrp-short-what-gives">Solana, Fartcoin Whale Trader Up $10 Million But Down 6 Figures On XRP Short: What Gives?</a></li>
</ul>
Image: Shutterstock

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

Cryptocurrency

$DOGE

$SHIB

Fartcoin Leads Meme Coin Rally Ahead Of Dogecoin, Shiba Inu: Is $2 Next?

UBS analyst Karl Keirstead maintains Snowflake (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) with a Neutral and raises the price target from $200 to $210.

SNOW

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

UBS analyst Roger Boyd maintains SentinelOne (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) with a Neutral and raises the price target from $19 to $21.

UBS Maintains Neutral on SentinelOne, Raises Price Target to $21

UBS analyst Roger Boyd maintains Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) with a Buy and raises the price target from $120 to $150.

OKTA

UBS Maintains Buy on Okta, Raises Price Target to $150

"Scalable roadmap sets stage for up to 800,000 barrels annually through steady operations and targeted investments"
WOODS CROSS, Utah, May 22, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYQ#NASDAQ">SKYQ</a>) ("Sky Quarry" or "the Company"), an integrated energy solutions company committed to revolutionizing the waste asphalt shingle recycling industry, today announced a comprehensive strategic roadmap for its wholly owned subsidiary, Foreland Refining Corporation ("Foreland"). The plan is designed to scale operations to a sustained production rate of up to 800,000 barrels per year.
Titled the "Path to Full Production," the phased plan positions Foreland, Nevada's only operating refinery, as a key piece of regional energy infrastructure, helping to stabilize fuel supply across the Western U.S. Each stage is supported by clearly defined operational, technical, and financial benchmarks.
The Refinery is currently operating at up to 3,600 barrels per day, with expansion efforts already underway. The roadmap outlines four key production milestones: 45,000, 60,000, 80,000, and 100,000 barrels per month. Foreland expects to reach this peak level during periods of high seasonal demand. These are monthly targets, with production rising in the summer and easing back in winter. At full capacity, this translates to an annualized peak rate of 800,000 barrels, though actual output will vary seasonally.

SKYQ

Sky Quarry Unveils Strategic Roadmap To Scale Foreland Refinery To 800K Barrels Annually

<a href="https://www.wsj.com/finance/penny-coin-mint-ending-2026-b1717de0" title="https://www.wsj.com/finance/penny-coin-mint-ending-2026-b1717de0">https://www.wsj.com/finance/penny-coin-mint-ending-2026-b1717de0</a>

Macro Economic Events

Global

Economics

"Treasury Sounds Death Knell For Penny Production; One-cent Coins Are Expected To Stop Entering Circulation Early Next Year. Businesses Will Need To Round Prices Up Or Down" - WSJ

<ul>
<li>BP hired Goldman Sachs to sell Castrol, sources say</li>
<li>BP is under investor pressure, sources say</li>
<li>BP has tapped potential private equity, strategic investors, sources say</li>
<li>Company is working on more divestments, partial sale renewables</li>
</ul>
LONDON, May 22(Reuters) - BP <a href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=BP.L">BP.L</a> has kicked off the sale of its more than a century-old <a href="reuters://REALTIME/verb=NewsStory/ric=nL3N3PO0ZX">Castrol</a> lubricants business, according to two people with knowledge of the process, in a key step in the British energy group's divestment plan to boost its share price.
BP hired investment bank Goldman Sachs to sell the unit, the sources said, speaking on condition of anonymity because the matter is private. The group has already contacted potential private equity and strategic bidders and distributed an information memorandum to them, one of the people said.
The group said in February it was reviewing Castrol as part of a plan to raise $20 billion by 2027 via asset sales to <a href="reuters://REALTIME/verb=NewsStory/ric=nL3N3PH0RN">reduce</a> its debt.
In March Reuters reported that Saudi Aramco <a href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=2222.SE">2222.SE</a> was one of the parties <a href="reuters://REALTIME/verb=NewsStory/ric=nL3N3PO0ZX">considering</a> a potential bid for the business, but the start of the sale process and Goldman Sachs' hiring have not been reported yet.
The sale could raise between $8 billion and $10 billion based on Castrol's projected core earnings (EBITDA) of $1 billion for 2024, a second person said.
Responding to a Reuters query, BP did not comment on the details of Castrol's sale but said its divestment programme was progressing and it had already signed agreements for the first $1.5 billion of its $20 billion target.
"To position us for growth and reduce net debt, we are reallocating capital and driving greater focus in our portfolio, including through the strategic review of Castrol," the company said in a statement.
Goldman Sachs declined to comment.
Analysts at Bernstein said earlier this month that Castrol, which ranks as the world's third-largest standalone lubricants business behind those of Shell and ExxonMobil, could potentially fetch $10-$11 billion.
Investors have put <a href="reuters://REALTIME/verb=NewsStory/ric=nL3N3PB169">pressure</a> on BP to improve profitability after its shares underperformed rivals, reflecting concerns it had put too much emphasis on renewable energy under former CEO Bernard Looney.
BP's shares have lost around a quarter of their value in the last 12 months, more than double the drop suffered by rival Shell <a href="https://workspace.refinitiv.com/web/apps/quotewebapi?RIC=SHEL.L">SHEL.L</a>.
While reducing overall investments, current CEO Murray Auchincloss has hiked spending on oil and gas and slashed BP's low-carbon budget.
BP's strategy is in the spotlight after activist investor Elliott Management took a stake in the company, and has been
<a href="reuters://REALTIME/verb=NewsStory/ric=nL4N3R01FV">asking</a> the oil major for significant savings and <a href="reuters://REALTIME/verb=NewsStory/ric=nL8N3R313D">management</a> changes, Reuters reported in April.

Asset Sales

'BP Initiates Sale Of Castrol Lubricants; BP Has Reached Out To Potential Private Equity And Strategic Bidders; BP Hired Investment Bank Goldman Sachs To Sell The Unit, Sources Say' - Reuters News

UBS analyst Amit Mehrotra maintains Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) with a Buy and raises the price target from $103 to $116.

UBS Maintains Buy on Johnson Controls Intl, Raises Price Target to $116

After breaking an 11-week-long streak last week of being above the 50% mark, the bearish sentiment, measured by the American Association of Individual Investors (AAII) Sentiment Survey, slipped below the 40% mark in the current week.
What Happened: Additionally, the bullish sentiment for this survey, which is conducted weekly from Thursday to Wednesday, topped the bearish sentiment for the first time in 17 weeks, since Jan. 29.
However, it was still neck and neck as bearish sentiment stood at 36.7%, whereas the bullish sentiment came in at 37.7% for the week that ended on Wednesday, May 21.
The neutral sentiment for the week stood at 25.6%, which was at its highest level in 12 weeks since Feb. 19.
As compared to last week, pessimism dropped by 7.7% from 44.4% to 36.7%. Whereas optimism increased 1.8% from 35.9% to 37.7%.
The 11-week-long bearish sentiment above 50%, which ended last week, was the highest ever, as the second-longest streak of such pessimism was last observed in 1990. The old streak was just <a href="https://www.benzinga.com/government/regulations/25/04/44730455/bearish-sentiment-hits-7-week-high-mimicking-35-year-old-record-which-marked-the-bottom-of-the-october-1990-bear-market">seven weeks long</a>.
The historical averages of bearish sentiment stood at 31%, and that of the bullish sentiments were at 37.5% among the participants of the AAII survey.
See Also: <a href="https://www.benzinga.com/markets/equities/25/05/45559366/urban-outfitters-navigates-tariff-headwinds-with-diversification-strategies-no-country-accounts-for-more-than-25-of-production">Urban Outfitters Navigates Tariff Headwinds With Diversification Strategies: No Country &#8216;Accounts For More Than 25%&#8217; Of Production</a>
Why It Matters: This week&#8217;s special question to the AAII survey participants was &#8220;What do you think about the Federal Reserve&#8217;s decision to keep interest rates unchanged?&#8221;
To this, about 73.6% of the participants said that the Fed did the right thing by not cutting the rates, while 17.1% of the participants said that they should have cut interest rates. About 6.6% of the respondents were not sure and had no opinion, while 2.7% said that the Fed should have raised the interest rates.
The stock market has recovered since the U.S. and China decided to <a href="https://www.benzinga.com/government/regulations/25/05/45345994/us-china-tariff-truce-will-alleviate-worst-fears-but-prevent-falling-yields-keeping-economy-under-pressure-says-craig-shapiro">pause tariffs for 90 days</a>; however, a <a href="https://www.benzinga.com/news/econ-s/25/05/45479078/moodys-downgrades-us-credit-rating-over-debt-deficit-concerns">Moody&#8217;s downgrade</a>, rising yields, and investors&#8217; assessment of President Donald Trump&#8216;s proposed tax cuts in the &#8220;<a href="https://www.benzinga.com/markets/equities/25/05/45536595/big-beautiful-bill-will-explode-the-deficit-and-make-the-rich-richer-congressional-budget-office-estimates-4-income-fall-for-lowest-decile-of-americans-by-2033">One, Big, Beautiful Bill</a>&#8221; have led the market lower for the last two sessions.
On Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, fell in premarket. The SPY was down 0.37% to $580.73, while the QQQ declined 0.37% to $511.16, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/05/45533521/charlie-munger-once-said-the-first-rule-of-compounding-is-to-never-interrupt-it-unnecessarily-now-hi" target="_blank" rel="noreferrer noopener">Charlie Munger Once Said, ‘The First Rule Of Compounding Is To Never Interrupt It Unnecessarily&#8217; — Now His Wisdom Rings True As The S&amp;P 500 Surges 220% Over 10 Years</a></li>
</ul>
Photo: Shutterstock

Market Summary

Broad U.S. Equity ETFs

Futures

ETFs

General

Bulls Beat Bears For The First Time In 17 Weeks, Pessimism Drops As Bearish Sentiment Slides Below 40%

UBS analyst Jay Sole maintains Canada Goose Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) with a Neutral and raises the price target from $8 to $11.

GOOS

UBS Maintains Neutral on Canada Goose Hldgs, Raises Price Target to $11

Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) reported quarterly losses of $(1.34) per share. This is a 357.48 percent decrease over losses of $(0.29) per share from the same period last year. The company reported $67.00 thousand in sales this quarter. This is a 43.70 percent decrease over sales of $119.00 thousand the same period last year.

ARQQ

Arqit Quantum H1 EPS $(1.34) Down From $(0.29) YoY, Sales $67.00K Down From $119.00K YoY

UBS analyst Mauricio Serna maintains Guess (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GES#NYSE">GES</a>) with a Neutral and raises the price target from $11 to $12.

UBS Maintains Neutral on Guess, Raises Price Target to $12

UBS analyst Steven Fisher maintains Dycom Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DY#NYSE">DY</a>) with a Buy and raises the price target from $234 to $258.

UBS Maintains Buy on Dycom Industries, Raises Price Target to $258

UBS analyst Joshua Chan maintains APi Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APG#NYSE">APG</a>) with a Buy and raises the price target from $48 to $54.

UBS Maintains Buy on APi Group, Raises Price Target to $54

Fidelity Wise Origin Bitcoin Fund Beneficial Interest

Comments

Fidelity Wise Origin Bitcoin Fund Common Shares of Beneficial Interest

Actualités

Dernières nouvelles pour Fidelity Wise Origin Bitcoin Fund Common Shares of Beneficial Interest (BATS:FBTC)

Notizie

PARTENAIRE / CONTRIBUTEUR

BENZINGA MONDIAL