Dernières nouvelles pour Janux Therapeutics (NASDAQ:JANX) Stock

JANUX THERAPEUTICS INC

Janux Therapeutics

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

Janux Therapeutics Inc

H.C. Wainwright &amp; Co. analyst Sameer Joshi trimmed the price forecast for Blink Charging Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>) from $8 to $5 <a href="https://www.benzinga.com/quote/BLNK/analyst-ratings" target="_blank" rel="noreferrer noopener">while keeping a Buy rating</a>.
On May 12, Blink reported first-quarter losses of 18 cents per share, which missed the analyst consensus estimate of losses of 14 cents. Revenue came in at $20.75 million, which missed the <a href="https://www.benzinga.com/news/earnings/25/05/45361168/blink-charging-stock-fizzles-after-worse-than-expected-q1-results" target="_blank" rel="noreferrer noopener">Street estimate of $27.6 million</a>.
The analyst&#8217;s bearish stance reflects ongoing weakness in product sales, which declined 69.5% year-over-year to $8.4 million in the first quarter of 2025.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/contracts/25/03/44378699/blink-expands-in-mexico-with-porsche-ev-charging-deal-details" rel="noreferrer noopener">Blink Expands In Mexico With Porsche EV Charging Deal: Details</a>
The analyst notes that management has intensified its focus on a few core strategies, including customer-centric business models, expanding DC Fast Charging offerings, and cultivating recurring revenue streams.
For 2025, the company expects a sequential increase in revenues generated from its services, alongside a robust revenue performance in the latter half <a href="https://www.benzinga.com/calendars/guidance">of 2025, adds the analyst</a>.
Joshi anticipates that Blink&#8217;s strategic emphasis on increasing its portfolio of owned DC Fast Charging infrastructure to lead to higher revenues from services, as well as an overall increase in total revenues in the upcoming quarters.
Furthermore, the analyst says that the company remains on track to pursue the monetization of its ride-sharing business in 2025.
Nevertheless, Joshi remains cautious as the company navigates the current challenges in the EV charging industry and the uncertain macroeconomic and geopolitical landscape.
Consequently, the analyst revised the 2025 revenue estimates to $95.1 million, down from the previous $131.1 million, and adjusted the EBITDA estimate to a loss of $24.7 million (vs. a $3.2 million loss earlier).
Price Action: BLNK shares are down 1.97% at $0.7618 at the last check on Wednesday.
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BLNK

Blink's Bumpy Road: Analyst Flags Sluggish Product Sales As Key Concern, Trims Estimates

JP Morgan analyst Bill Peterson reiterated a Neutral rating on Plug Power, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) but <a target="_blank" href="https://www.benzinga.com/quote/PLUG/analyst-ratings" rel="noreferrer noopener">has withdrawn the price forecast</a>.
On May 12, 2025, the company reported first-quarter revenue of $133.67 million, beating analyst&nbsp;estimates of $132.16 million and a loss of 21 cents per share, missing analyst estimates for <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45361043/plug-power-q1-earnings-revenue-beats-estimates-driven-by-575-growth-in-electrolyzer-sales-eps-falls-short-company-highlights-real-progress-toward-profitability" rel="noreferrer noopener">a loss of 19 cents per share</a>.
Plug Power guided for second-quarter revenue in the range of $140 million to $180 million, versus estimates of $132.16 million, signaling <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45387898/plug-power-stock-is-tumbling-tuesday-whats-going-on" rel="noreferrer noopener">confidence in continued demand growth</a>.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/25/05/45311929/plug-power-partners-up-with-basf-will-use-german-companys-purification-tech-to-liquify-hydrogen" rel="noreferrer noopener">Plug Power Partners Up With BASF: Will Use German Company&#8217;s Purification Tech To Liquify Hydrogen</a>
The analyst adjusted its second-quarter revenue estimates towards the lower end of the company&#8217;s guidance range at $150 million (down from $156 million prior).
Peterson has also slightly reduced the electrolyzer growth projections for the year, anticipating potential deal delays into 2026.
Consequently, the analyst lowered the full-year revenue estimate to $729 million (from $756 million previously).
The analyst also factored in Plug Power&#8217;s need to raise an additional $100 million to $200 million to bridge the funding gap required for the initial drawdown of its Department of Energy (DOE) loan, which may occur later this year or in early 2026.
Overall, the analyst says that Plug Power has significant potential for future growth through expansion into new markets, geographies, and the green hydrogen sector.
However, the company currently faces near-term challenges related to liquidity, margin improvement, and the availability of hydrogen, which is impacting its current outlook.
Investors can gain exposure to the stock via Global X Hydrogen ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYDR#NASDAQ">HYDR</a>).
Price Action: PLUG shares are down 3.91% at $0.78 at the last check on Wednesday.
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<li><a href="https://www.benzinga.com/25/05/45183625/benzinga-bulls-and-bears-lilly-microsoft-starbucks-and-markets-fully-recover-tariff-chaos-losses" target="_blank" rel="noreferrer noopener">Benzinga Bulls And Bears: Lilly, Microsoft, Starbucks — And Markets Fully Recover Tariff Chaos Losses</a></li>
</ul>
Image via Shutterstock

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HYDR

PLUG

JP Morgan Signals Caution On Plug Power's Near-Term Challenges, Withdraws Price Forecast

<a href="https://www.adweek.com/convergent-tv/netflix-ad-tier-94-million-monthly-active-users/">https://www.adweek.com/convergent-tv/netflix-ad-tier-94-million-monthly-active-users/</a>

General

NFLX

'Netflix Ad Tier Hits 94 Million Global Monthly Active Users'- Adweek

U.S. tech stocks extended their weekly rally into Wednesday's session, lifted by renewed investor appetite for risk following a breakthrough in early-week U.S.-China trade negotiations. This reignited hopes for a more <a href="https://www.benzinga.com/topic/tariffs">stable global trade outlook. </a>
The Nasdaq 100 rose 0.5% by midday in New York, reaching levels last seen in late February. Heavyweight chipmakers led the rally, as Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) surged 4% and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) jumped 5%.
Traders welcomed mounting expectations of large-scale investments from Gulf nations into U.S. tech and semiconductor sectors, as President Donald Trump secured new economic agreements with <a href="https://www.benzinga.com/25/05/45417156/nvidia-amd-stocks-climb-as-trump-plans-to-ease-ai-chip-export-rules">Middle Eastern countries</a>, including Saudi Arabia and Syria.
While the Nasdaq marched higher, the S&amp;P 500 stalled and both the Dow Jones Industrial Average and Russell 2000 slipped slightly, indicating a more selective rally focused on high-growth sectors.
Clean energy and solar stocks outperformed again, building on strong Tuesday gains. Investors cheered a less-severe-than-expected revision to clean energy tax credits in the latest Republican tax proposal.
The commodity space told a different story, with gold prices dropping nearly 2%, breaking below the $3,200 per ounce mark for the first time in over a month. 
The yellow metal is now tracking its worst weekly performance since November 2024, with two trading sessions still left this week.
Investors appear to be rotating out of safe-haven assets, as appetite for equities and riskier plays returns on global trade optimism. 
Rising Treasury yields also weighed on broader market sentiment. The yield on the 2-year Treasury note broke above 4%, hitting its highest level in more than two months. Meanwhile, the 30-year bond yield rose 5 basis points to 4.97%, drawing closer to the psychologically important 5% mark—a level often associated with tightening financial conditions and pressure on long-duration assets.
<h3 class="wp-block-heading">Wednesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,273.30</td>
<td>0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,891.20</td>
<td>0.1%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,075.32</td>
<td>-0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,089.17</td>
<td>-0.6%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:15 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:
<ul class="wp-block-list">
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) flattened at $586.91.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) eased 0.3% to $420.45.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rose 0.4% to $517.40.</li>
<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) inched 0.6% lower to $207.35.</li>
<li>The&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) outperformed, up 0.5%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.8%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
<ul class="wp-block-list">
<li>Israeli retail broker Etoro Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETOR#NASDAQ">ETOR</a>) made his debut on the Nasdaq 100 index. Shares were up 26%.</li>
<li>Super Micro Computer Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) rallied for a second straight session, jumping 18% to $45.99 on Monday after a 16% gain the previous day.</li>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) advanced 1.9% after securing a major deal with Qatar Airways, which agreed to purchase up to 210 Boeing 787 Dreamliner and 777X aircraft in a transaction valued at $96 billion.</li>
<li>Exelixis Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>) soared 20% after the biotech firm posted first-quarter earnings and revenue that topped Wall Street estimates.</li>
<li>Stocks slated to report earnings after the close include Cisco Systems Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), Copart Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CPRT#NASDAQ">CPRT</a>) and Steris plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STE#NYSE">STE</a>). </li>
</ul>
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</ul>
Image: Shutterstock

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EXEL

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SMCI

Select Sector SPDR-Consumer Discretionary

Tech Stocks Edge Up, AMD Rallies 5%, 30-Year Yields Eye Danger Zone: What's Driving Markets Wednesday?

WIIM

LEGN

Legend Biotech shares are trading lower following Q1 reported financial results. Additionally, Truist Securities cut their price target on the stock from $88 to $71.

As co-founder of Lobster Boys LLC and a fourth-generation lobsterman, Justin Maderia has seen firsthand how global trade tensions <a href="https://www.benzinga.com/topic/economy">ripple through local economies</a>.
With the U.S. seafood market generating over $31 billion annually—and relying on Canada for more than two-thirds of its imports—tariffs and shifting trade policies are a critical concern.
The erratic nature of the trade situation doesn&#8217;t help, either. In recent weeks, President Donald Trump threatened exorbitant tariffs on China, 145% on April 10, only to slash them to <a href="https://www.benzinga.com/government/regulations/25/05/45347089/wall-street-rips-higher-as-tariff-truce-halts-us-china-economic-escalation">30% a month later</a>. Whatever ends up sticking, Maderia hopes there&#8217;s a chance to build a more resilient, transparent, and self-sufficient seafood industry.
Maderia, who launched Lobster Boys — stylized as Lobsterboys — with his brother, Travis, shares his insights on the evolving U.S.-Canada-China seafood trade, the hidden upsides of tariff pressure, and how their company navigates change while staying true to its roots. The following has been edited for clarity and conciseness.
See Also: <a href="https://www.benzinga.com/general/restaurants/25/04/45021992/us-restaurants-face-growth-hurdles-as-macro-headwinds-mount-says-analyst">US Restaurants Face Growth Hurdles As Macro Headwinds Mount, Says Analyst</a>
<h2 class="wp-block-heading">BZ: What was wrong with the fishing industry before and what are some of the different trade dynamics that have opened up?</h2>
Maderia: The fishing industry has long been a battleground of geopolitics, shrouded in fog—middlemen, opaque pricing, and zero traceability. Recent shifts, like the rollback of U.S.-China tariffs, aren't a return to the old ways; they're a wake-up call. Trade flows are recalibrating, and at Lobsterboys, we see a golden opportunity in the chaos. Disruptions expose the cracks in traditional supply chains—fragile, bloated, and unreliable.
As China's market reopens, big exporters are learning they can't bet everything on one buyer. Lobsterboys is built differently, sourcing directly from fishermen, championing full transparency, and delivering quality. This is our moment to seize domestic partnerships directly with chefs and home cooks and redefine what seafood can be.
<h2 class="wp-block-heading">How has Lobsterboys been affected by the on-again-off-again tariffs?</h2>
Tariffs always grab headlines, but what they really do is expose the deeper problems in our food system. In seafood, we've been relying on bloated, opaque supply chains for decades—layers of brokers, exporters, and overseas buyers that disconnect the people who catch the food from the people who eat it. When something like a tariff hits, that fragile system starts to crack.
For us, the disruption actually highlighted the value of a different approach—one that's more local, more nimble, and more direct. We buy straight from trusted fishermen in both the U.S. and Canada and sell directly to North American consumers. So while others were scrambling to adjust, our model stayed intact.
There's also a seasonal shift happening: Spring marks the beginning of peak lobster season in many key fisheries. That increase in supply typically brings down prices, which softens the blow of any tariff-related cost changes. So yes, tariffs have been a headache—but they've also created space for change. They've forced the industry, and consumers, to rethink where their food comes from.
<h2 class="wp-block-heading">As for the global seafood market, will there be a surplus as trading routes from exporters change?</h2>
In the short term, yes—surpluses can pop up when exporters lose access to major markets like China. The seafood supply chain isn't always quick to adapt, especially when it's designed for volume, not flexibility. But seafood is perishable, so the market corrects fast. 
The deeper issue isn't about excess—it's about misalignment. Supply and demand often don't meet efficiently. That's where direct-to-consumer models shine. They reduce waste, shorten the time between harvest and plate, and eliminate the guesswork of where the product should go. Surplus is a symptom. The real problem is a system that wasn't built to be responsive—and that's exactly what needs to change.
<h2 class="wp-block-heading">Is the seafood industry becoming more sustainable?</h2>
It's starting to, because it has to. Consumers are asking tougher questions. They want to know where their seafood comes from, how it was caught, and whether it supports coastal communities. That's progress.
There's more use of technology now—digital catch tracking, QR codes, and third-party verification—but real sustainability goes beyond that. It's about creating a system that's accountable at every level. That means fair wages for fishermen, environmentally responsible harvests, and eliminating fraud and relabeling.
We believe sustainability and transparency go hand in hand. You can't have one without the other. Our goal is to build a seafood supply chain that actually respects the ocean, the people who work it, and the people who rely on it for food.
<h2 class="wp-block-heading">If you could talk to Trump about trade, what would you say?</h2>
We'd say: President Trump was right to shake up the status quo. For too long, our food system—and especially seafood—has depended on foreign markets and broken supply chains that left American fishermen vulnerable and American consumers disconnected.
Tariffs may have caused short-term disruption, but they've forced the industry to take a hard look at where things weren't working. That disruption created opportunity—specifically, the opportunity to bring more of the seafood supply chain back home. When we strengthen direct relationships between harvesters and consumers, we keep more value in the hands of fishermen and we make the system more resilient.
What we need now is to keep building on that foundation. That means investing in infrastructure that supports coastal economies, rewarding transparency, slashing and implementing proper regulations and ensuring fair pricing for the people who work the water. This is how we secure our food future—by standing behind fishermen and empowering consumers to know their lobster and know their lobstermen.
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Image: Courtesy of Lobster Boys

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Interview

Lobster Life: Sibling Entrepreneurs See Trade Turmoil As A Business Edge

<a href="https://jpmorgan.metameetings.net/events/tmc25/sessions/313136-criteo-sa/webcast?gpu_only=true&amp;kiosk=true">https://jpmorgan.metameetings.net/events/tmc25/sessions/313136-criteo-sa/webcast?gpu_only=true&amp;kiosk=true</a>

CRTO

Watching Criteo S.A.; Shares See Volume To The Upside; Company Presenting At JPM Tech Conference

<ul class="wp-block-list">
<li>President Donald Trump said he'd be "OK" with "tiny" tax hikes on the rich on Friday, but warned that the changes would likely lead to pushback from the Republican party</li>
<li>The Truth Social post follows similar remarks to Time magazine last month</li>
<li>The remarks come just before Republicans are set to present the "one big beautiful bill," a piece of legislation that will cover things like tax cuts and budgetary considerations, among other things</li>
</ul>
President Donald Trump said Friday morning that he'd be "okay" with "tiny" tax hikes for the rich, but warned Republicans they should "probably not do it."
In a post on <a href="https://truthsocial.com/@realDonaldTrump/posts/114477701321152097">Truth Social</a>, Trump wrote, "The problem with even a ‘TINY' tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left Democrat Lunatics would go around screaming, ‘Read my lips,' the fabled Quote by George Bush the Elder that is said to have cost him the Election… In any event, Republicans should probably not do it, but I'm OK if they do!!!"
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Republicans have been struggling to come up with $1.5 trillion in budget cuts to help offset the trillions of dollars in tax cuts that have resulted from the Tax Cuts and Jobs Act, which Trump signed into law in 2017.
This is not the first time Trump has indicated that he'd support tax hikes on the rich. In an interview with <a href="https://time.com/7280114/donald-trump-2025-interview-transcript/">Time</a> magazine last month, he said, "I certainly don't mind having a tax increase… I&#8217;d be raising them on wealthy to take care of middle class. And that&#8217;s—I love, that. I actually love the concept, but I don&#8217;t want it to be used against me politically."&nbsp;
House Republicans are split on the idea of tax increases for those who make over $1 million a year. When asked by the <a href="https://www.washingtonpost.com/business/2025/05/08/trump-tax-millionaires-republicans/">Washington Post</a> how many senators would support the plan, Sen. Josh Hawley (R-MO), said, "Zero probably. Maybe one or two." The <a href="https://www.washingtonpost.com/business/2025/04/22/trump-millionaire-tax-rich-gop-vance/">Post</a> also reports that House Speaker Mike Johnson (R-LA), Sen. Dave McCormick (R-PA), and Sen. Ted Cruz (R-TX), are all vehemently opposed to the idea.&nbsp;
Trending: Invest where it hurts — and help millions heal:<a href="https://www.benzinga.com/money/a-cure-for-osteoarthritis-powered-by-everyday-investors-cytonics-is-looking-to-beat-big-pharma-and-disrupt-a-390-billion-market"> Invest in Cytonics and help disrupt a $390B Big Pharma stronghold</a>.
Insiders told <a href="https://www.reuters.com/world/us/trump-urged-speaker-johnson-raise-top-tax-rate-source-says-2025-05-08/">Reuters</a> that Trump is pushing to raise the top tax rate from 37% to 39.6% for individuals earning $2.5 million and higher and joint filers earning $5 million or more. "This will help pay for massive middle and working-class tax cuts, and protect Medicaid," a source told the outlet.
Republicans are rushing to hammer out these details so that they can complete Trump's "one big beautiful bill" by the end of the week. &nbsp;
Some details of the bill were made public on Friday when the House Ways and Means Committee released a <a href="https://subscriber.politicopro.com/f/?id=00000196-b7a4-d69e-add7-bfaf65c00000">28-page section</a> of the proposed legislation. Included were plans for an increased child tax credit and an extended roster of lower income tax rates. A much more detailed amendment, including details of how they plan to make good on Trump's promises to end the taxation of tips and overtime pay, is expected to be revealed sometime before the House Ways and Means Committee's next meeting on Tuesday, according to <a href="https://www.politico.com/live-updates/2025/05/09/congress/ways-and-means-circulates-early-tax-bill-draft-00338251">Politico</a>.
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Image: Shutterstock

Personal Finance

Trump Says He's OK With 'Tiny' Tax Hikes For The Rich, But Warns Republicans There Will Be Political Backlash

LUV stock has given up its prior gain. Southwest shares were trading higher following a report indicating the company filed for a permit for more international routes.

Hampton Roads based TowneBank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TOWN#NASDAQ">TOWN</a>) announced today that its Board of Directors declared its second-quarter shareholder cash dividend of $0.27 per common share payable on July 11, 2025, to shareholders of record on June 27, 2025. The quarterly common stock cash dividend of $0.27 per common share, or $1.08 per common share on an annual basis, is an 8% increase from the previous dividend rate.
The amount and declaration of future cash dividends are subject to Board of Directors' approval in addition to regulatory restrictions.

Dividends

TOWN

TowneBank Hikes Quarterly Cash Dividend From $0.25 To $0.27 Per Share

JPMorgan analyst Ryan Brinkman reiterated the Underweight rating on Hertz Global Holdings, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>)<a href="https://www.benzinga.com/quote/HTZ/analyst-ratings" target="_blank" rel="noreferrer noopener"> on Wednesday</a>.
Brinkman suggests that while rental car firms like Hertz may have structurally enhanced earnings through better pricing strategies and partnerships with companies such as American Express Global Business Travel, Tripadvisor, Uber and Carvana, previous forecasts likely overestimated the durability of company-specific earnings drivers.
Instead, much of the recent strength appears to have stemmed from temporary cyclical tailwinds — namely unusually low fleet depreciation and elevated pricing — which have now largely faded.
Also Read: <a target="_blank" href="https://www.benzinga.com/content/45006040/whats-behind-bill-ackman-buying-hertz-stock" rel="noreferrer noopener">What&#8217;s Behind Bill Ackman Buying Hertz Stock?</a>
Although the stock may still look undervalued based on normalized earnings, Brinkman doesn&#8217;t foresee Hertz reaching those levels until after 2026.
Additionally, the company is expected to generate negative free cash flow in 2024 and 2025, limiting its ability to repurchase shares at current lower prices.
Hertz also faces high leverage, refinancing risks, and potential legal costs related to its past bankruptcy following a recent unfavorable court ruling, the analyst writes.
On Tuesday, the rental car company posted first-quarter revenue of $1.81 billion, below the $2 billion analyst consensus, <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45388163/hertz-global-shares-are-plunging-following-q1-earnings-miss-whats-driving-the-sell-off" rel="noreferrer noopener">representing a 13% year-over-year decline</a>. The company also reported a first-quarter adjusted loss of $1.12 per share, versus an expected loss of 97 cents per share.
Brinkman notes that Hertz&#8217;s first-quarter fiscal 2025 results highlighted continued progress on cost efficiency initiatives, including partnerships with tech firms aimed at improving both customer experience and operational productivity.
These efforts include enhancements to its revenue management system and the deployment of AI tools for vehicle inspection and pricing optimization.
Management also reaffirmed its expectations for the progression of EBITDA through the year, the analyst writes.
HTZ Price Action: Hertz shares are trading lower by 2.88% to $5.60 at publication on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/tech/25/05/45413749/exclusive-apple-stock-could-benefit-from-smartphone-upgrade-cycle" target="_blank" rel="noreferrer noopener">Apple Stock Could Benefit From Smartphone Upgrade Cycle, Poll Ranks Top Reason For Trade In (It&#8217;s Not The Camera)</a></li>
</ul>
Photo: ricochet64 via Shutterstock

Travel

Markets

Hertz Faces Tough Road Ahead, Analyst Says Earnings Recovery Unlikely Before 2026

<a href="https://www.bloomberg.com/news/articles/2025-05-14/why-is-battery-maker-eos-eose-up-720-over-the-past-year">https://www.bloomberg.com/news/articles/2025-05-14/why-is-battery-maker-eos-eose-up-720-over-the-past-year</a>

EOSE

'Battery Maker With 720% Stock Gain Signs Early Data-Center Deal'- Bloomberg

Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) shares are trading higher Wednesday, reversing earlier losses following the release of weaker-than-expected <a href="https://www.benzinga.com/news/earnings/25/05/45393936/buffett-backed-nu-holdings-stock-drops-after-worse-than-expected-q1-results-details">first-quarter financial results</a>.
What To Know: The Warren Buffett-backed digital banking company reported earnings of 12 cents per share, missing the consensus <a href="http://benzinga.com/quote/NU/earnings">estimate</a> of 13 cents. Revenue came in at $3.2 billion, slightly below the $3.23 billion expected by analysts.
Despite the earnings and revenue miss, investors appeared to focus on Nu's strong customer metrics. The company added 4.3 million customers in the quarter, pushing its total customer base to 118.6 million across Brazil, Mexico and Colombia. Monthly average revenue per active customer increased 17% year-over-year, reaching $11.20. At the same time, cost efficiency improved, with average cost to serve per active customer falling to just seven cents.
Net interest income hit a record $1.8 billion, up 34% from a year ago, driven by a 62% expansion in the company's interest-earning portfolio. CEO David Vélez highlighted Nubank's expanding customer activity, noting that the platform saw nearly 99 million monthly active users with an activity rate above 83%.
&#8220;Starting 2025 strong, Nubank reached 118.6 million customers, adding over four million in a single quarter, showcasing its powerful platform scalability across Brazil, Mexico and Colombia,&#8221; Vélez said.
Shares initially dropped over 5% in after-hours trading on Tuesday following the earnings release, but have since recovered as market sentiment improved, potentially influenced by Susquehanna maintaining a Positive rating and raising its price target from $14 to $15.
The stock's recovery on Wednesday suggests continued confidence in Nu Holdings&#8217; ability to scale and sustain engagement across Latin America.
NU Price Action: Nu Holdings shares were up 2.85% at $13.52 at the time of publication, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
Read Next:
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<li><a href="https://www.benzinga.com/government/regulations/25/05/45414023/magnificent-seven-add-36-trillion-since-april-lows-is-this-rally-just-beginning">Magnificent Seven Add $3.6 Trillion Since April Lows: Is This Rally Just Beginning? </a></li>
</ul>
Image Via Shutterstock.

Earnings

Nu Holdings Stock Bounces Back From Q1 Earnings Sell-Off: What's Going On?

<figure class="wp-block-image size-large"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2025/05/2025-05-14_08h33_43.png" alt="" /></figure>
To gain an edge, this is what you need to know today.
<h4 class="wp-block-heading">Market Positioning</h4>
Please <a href="https://thearorareport.com/stock-market-chart-analysis-institutions-chasing-rally-market-positioning-spy-mc-05142025">click here</a> for an enlarged chart of SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) which represents the benchmark stock market index S&amp;P 500 (SPX).
Note the following:
<ul class="wp-block-list">
<li>The chart shows the stock market has moved above the breakout line.</li>
<li>For stock market bulls, zone 1 (resistance) shown on the chart is the magnet.</li>
<li>Momo gurus are claiming that they know the stock market is going to go above zone 1 to new highs in a matter of days.</li>
<li>Bears are throwing in the towel as they never expected President Trump to give China everything it wanted with very little in return other than talk.  In our analysis, China has a great track record of appeasing American presidents with talk without following through with actions.    </li>
<li>In January and February when our calls were to take partial profits and raise hedges, including hedges to protect individual strategic positions with very large unrealized gains, institutions were aggressively buying. </li>
<li>When the stock market fell in early April, as shown on the chart, many institutions were holding very low cash.&nbsp; Institutions were over invested.</li>
<li>The chart shows when our report was giving buy signals in early April near the lows.   At that time, institutions were selling because they were very over invested.  After the selling, institutions became under invested, which they thought was prudent at the time due to the trade war with China.</li>
<li>As the stock market started moving up from the lows, institutions dismissed the rise.&nbsp; Institutions had good reason to dismiss the rise because they were looking at President Trump's campaign promise of 60% tariffs on China. &nbsp; Based on comments from the Trump administration, institutions were convinced that the biggest concession President Trump would give to China would be to reduce tariffs to 60% &#8211; 80% from 145%.&nbsp; Under this economic scenario, it made no sense to buy stocks at market lows.</li>
<li>Institutions were caught off guard when it was revealed this Monday that tariffs on China would be only 10% after fentanyl tariffs are removed.&nbsp; Institutions did sophisticated analysis of many scenarios but never dreamed the U.S. would give China everything China wanted in exchange for very little.</li>
<li>Normally, after the big rally on Monday, there would have been some give back yesterday.&nbsp; However, instead of giveback, the market rallied further, and institutions were chasing the market since they are under invested.</li>
<li>Most institutions do not behave like the momo crowd.&nbsp; Expect institutions to aggressively buy the dips unless the data changes.</li>
<li>The momo crowd is back to their normal behavior.&nbsp; The momo crowd is extremely aggressively buying speculative stocks and call options on indexes and their favorite stocks.</li>
<li>As the market rises, our tentative plan is to start taking profits by scaling out of tactical positions that were started near the market lows in April.</li>
<li>To consistently beat the market, investors need to look ahead.&nbsp; A vast majority of investors do not look ahead.&nbsp; They suffer from recency bias.&nbsp; A vast majority of investors invest based on what has happened over the last ten days.&nbsp;&nbsp;</li>
<li>In our analysis, as we look ahead, the data shows that peak trade tariff uncertainty is behind us but peak economic uncertainty is not.  We previously shared with you, in our analysis, there is a 60% probability of stagflation.  </li>
<li>Producer Price Index (PPI), retail sales, and initial jobless claims will be released tomorrow at 8:30am ET and may be market moving.</li>
</ul>
<h4 class="wp-block-heading">Magnificent Seven Money Flows</h4>
In the early trade, money flows are positive in Alphabet Inc Class C (GOOG), Meta Platforms Inc (META), NVIDIA Corp (NVDA), and Tesla Inc (TSLA).
In the early trade, money flows are neutral in Amazon.com, Inc. (AMZN).
In the early trade, money flows are negative in Apple Inc (AAPL) and Microsoft Corp (MSFT).
In the early trade, money flows are positive in S&amp;P 500 ETF (SPY) and Invesco QQQ Trust Series 1 (QQQ).
<h4 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h4>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (GLD).  The most popular ETF for silver is iShares Silver Trust (SLV).  The most popular ETF for oil is United States Oil ETF (USO).
<h4 class="wp-block-heading">Gold</h4>
Money is flowing out of gold as investors no longer feel the need for protection.  The momo crowd is panicking and selling gold.  Our report gave a signal to take partial profits on gold near the highs.  
<h4 class="wp-block-heading">Oil</h4>
API crude inventories came at a build of 4.287M barrels vs. a consensus of a draw of 2.4M barrels.
<h4 class="wp-block-heading">Bitcoin</h4>
Bitcoin is range bound.
<h4 class="wp-block-heading">Arora Protection Band And What To Do Now</h4>
It is important for investors to look ahead and not in the rearview mirror.  Our proprietary Protection Band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h4 class="wp-block-heading">Traditional 60/40 Portfolio</h4>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Long Ideas

Market Summary

Opinion

Caught Off Guard, Institutions Chase Stock Market Rally

Needham analyst Joseph Stringer maintains Inozyme Pharma (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INZY#NASDAQ">INZY</a>) with a Buy and lowers the price target from $15 to $12.

INZY

Needham Maintains Buy on Inozyme Pharma, Lowers Price Target to $12

Wall Street analysts rerated JD.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) on Wednesday, including slashing their price targets after the company reported <a target="_blank" href="https://www.benzinga.com/news/earnings/25/05/45385027/jd-com-clocks-strong-q1-retail-and-logistics-growth-fueled-by-cash-burn" rel="noreferrer noopener">first-quarter results</a> on Tuesday.
The stock is trading lower on Wednesday.
Benchmark analyst Fawne Jiang maintained JD.com with a Buy and lowered the <a href="https://www.benzinga.com/quote/JD/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $58 to $53</a>.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/05/45348699/us-listed-chinese-stocks-rally-as-countries-agree-to-ease-import-tariffs" target="_blank" rel="noreferrer noopener">US Listed Chinese Stocks Rally As Countries Agree To Ease Import Tariffs</a>
Jiang noted that net revenue was 301 billion Chinese yuan (+15.8%) or $41.5 billion, beating consensus expectations by 11 billion Chinese yuan.
Notably, thanks to the trade-in program, growth of 3C and home appliances accelerated to 17% while gross margin also accelerated to 15% growth (versus 11% prior), thanks to improvements in user growth and engagement, with supermarkets continuing to outperform at double-digit growth, the analyst said.&nbsp;&nbsp;
Adjusted EPADS came in at 8.41 Chinese yuan (or $1.16), beating consensus by $0.19.
He added that the company had repurchased $1.5 billion in shares year-to-date, reducing its share count by 2.8%.
Management highlighted continued policy tailwinds and improving organic growth year-to-date. With improving consumer sentiment and ongoing enhancements to its ecosystem, the company raised its fiscal 2025 retail growth outlook to double-digit growth (versus high-single-digit prior).&nbsp;&nbsp;
Management noted sustained momentum in the second quarter. General merchandise categories exhibited solid growth, bolstered by supermarket and fashion categories.&nbsp;&nbsp;
While the comparison will be tough heading into fiscal 2026, Jiang is encouraged by the momentum in gross margin, the focus on the 3P marketplace, and the planned revamp of key categories (such as fashion). According to the analyst, these factors will drive sustainable long-term growth.
In the first quarter, JD also entered the food delivery market and achieved impressive traction, with daily orders approaching 20 million within three months. While Jiang noted the move as strategic and saw significant potential in food delivery and the broader on-demand retail ecosystem, the investment introduces margin uncertainty for the remainder of the year, if not longer. 
Given the need to dynamically adjust promotional strategies, expansion plans, and monetization pace in response to a fluid macroeconomic and competitive environment, JD withdrew its fiscal 2025 group-level profitability guidance, citing limited visibility and ongoing market volatility. Based on the current subsidy levels and cost structure, the analyst estimated increased pressure on margins and revised his earnings forecasts accordingly.
Jiang raised his fiscal 2025 and 2026 revenue estimates to 1.290 trillion Chinese yuan (+11.6%) and 1.342 trillion Chinese yuan (+3.8%), respectively. However, the analyst lowered his adjusted adjusted EPADS estimates to $4.61 for fiscal 2025 and $4.95 for fiscal 2026.
Price Action: JD stock is up 4% at $35.74 at last check on Wednesday.
Read Next:
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<li><a href="https://www.benzinga.com/news/earnings/25/05/45377667/tencent-music-q1-paying-user-growth-more-than-offsets-monthly-active-user-loss" target="_blank" rel="noreferrer noopener">Tencent Music Q1 Paying User Growth More Than Offsets Monthly Active User Loss</a></li>
</ul>
Photo: Shutterstock

JD.com Gains Traction In Retail, Delivery As Analyst Flags Margin Risks

ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) is set to give its latest quarterly earnings report on Thursday, 2025-05-15. Here's what investors need to know before the announcement.
Analysts estimate that ESS Tech will report an earnings per share (EPS) of $-1.23. 
The market awaits ESS Tech's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Overview of Past Earnings</h3>
The company's EPS missed by $0.66 in the last quarter, leading to a 12.58% drop in the share price on the following day.
Here's a look at ESS Tech's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-1.31</td>
<td>-1.26</td>
<td>-0.10</td>
<td>-0.11</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-1.97</td>
<td>-1.90</td>
<td>-0.12</td>
<td>-0.10</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-13.0%</td>
<td>-18.0%</td>
<td>-13.0%</td>
<td>-15.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2025/1747246352_0.png" alt="eps graph" />
<h3>Market Performance of ESS Tech's Stock</h3>
Shares of ESS Tech were trading at $2.8 as of May 13. Over the last 52-week period, shares are down 75.28%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/GWH/earnings">To track all earnings releases for ESS Tech visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights into ESS Tech's Upcoming Earnings

<a href="https://www.bloomberg.com/news/articles/2025-05-14/coinbase-s-armstrong-looks-to-make-more-acquisitions-after-deribit-purchase">https://www.bloomberg.com/news/articles/2025-05-14/coinbase-s-armstrong-looks-to-make-more-acquisitions-after-deribit-purchase</a>

COIN

'Coinbase's Armstrong Looks to Make More Acquisitions After Deribit Purchase'- Bloomberg

Needham analyst Mike Matson reiterates Lucid Diagnostics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUCD#NASDAQ">LUCD</a>) with a Buy and maintains $3 price target.

LUCD

Needham Reiterates Buy on Lucid Diagnostics, Maintains $3 Price Target

<a href="https://bofa.veracast.com/webcasts/bofa/transportationairlines2025/idoV6dju.cfm">https://bofa.veracast.com/webcasts/bofa/transportationairlines2025/idoV6dju.cfm</a>

Lockheed Martin CFO During Conference Call Reportedly Says We Still See Tariffs Not As A Cost Of Profit Risk For Us, But Potentially A Cash Timing Risk

Press Releases

Janux Therapeutics to Host Virtual Event Discussing Updated Clinical Data in Phase 1a Dose Escalation for JANX007 in mCRPC and Doses Selected for Phase 1b Expansion Studies

Janux Announces Doses Selected for Phase 1b Expansion Trials Supported by Encouraging Efficacy and Safety Profile Observed in Phase 1a Dose Escalation for JANX007 in mCRPC

Janux Therapeutics Announces Proposed Public Offering

Janux Therapeutics Announces Pricing of $350.0 Million Underwritten Public Offering of Common Stock and Pre-Funded Warrants

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

Clear Street Launches Healthcare & Biotechnology Equity Research

Janux Therapeutics Promotes Zachariah McIver, D.O., Ph.D. to Chief Medical Officer

Janux Therapeutics Reports Fourth Quarter and Full Year 2024 Financial Results and Business Highlights

Janux Therapeutics Initiates Phase 1b Expansion Studies with JANX007 in Patients with Prostate Cancer and Provides Program Updates

Janux Therapeutics Reports First Quarter 2025 Financial Results and Business Highlights

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