Lumen Technologies (NYSE:LUMN) Stock

LUMEN TECHNOLOGIES INC

Lumen Technologies

With 450,000 route miles of fiber, Lumen Technologies is one of the United States' largest telecommunications carriers serving global enterprises. Its merger with Level 3 in 2017 and divestiture of much of its incumbent local exchange carrier, or ILEC, business in 2022 have shifted the company's operations away from its legacy consumer business and toward enterprises (now about 75% of revenue). Lumen offers businesses a full menu of communications services, providing colocation and data center services, data transportation, and end-user phone and internet service. On the consumer side, Lumen provides broadband and phone service across 37 states, where it has 4.5 million broadband customers.

Lumen Technologies Inc

News

Faraday Future Intelligent Electric Inc. - Class A Common Stock

FFAI

Faraday Future's Future AIHER Submits Patent Applications For Personalized Energy Management Using Deep Reinforcement Learning

The U.S. and U.K. are reportedly close to finalizing a trade agreement. This would be the first such pact since the U.S. implemented stringent reciprocal tariffs in April.
What Happened: The New York Times <a href="https://www.nytimes.com/2025/05/07/business/economy/trump-trade-britain.html?partner=slack&amp;smid=sl-share">reported</a> the development on Wednesday after President Donald Trump hinted to reporters on Tuesday during his meeting with Canadian Prime Minister Mark Carney, about ‘a very, very big announcement' this week before he leaves for the Middle East. 
He did not reveal any specifics but said the announcement is &#8220;positive.&#8221; The publication noted that it remains uncertain whether a final deal with the U.K. will be signed or if a framework for future negotiations will be established.
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Meanwhile, the U.K.'s Department for Business and Trade confirmed to CNBC that discussions on an economic agreement between the two nations are ongoing, but did not comment on the details or set any timelines. The spokesperson highlighted Britain&#8217;s steady approach to the talks and their goal to find a resolution that would ease pressure on British businesses and consumers.
Despite being subjected to a baseline 10% levy, Britain, which has&nbsp;a trade deficit with the&nbsp;U.S., was exempted from the higher reciprocal tariffs when President Trump announced his &#8220;Liberation Day&#8221; duties.
SEE ALSO:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/05/45274508/bitcoin-taps-98000-ethereum-dogecoin-steady-as-fed-chair-jerome-powell-raises-trump-tariff-induced-concerns-analyst-says-eth-holding-above-crucial-level-and-begins-its" target="_blank" rel="noreferrer noopener">Bitcoin Taps $98,000, Ethereum, Dogecoin Steady As Fed Chair Jerome Powell Raises Trump Tariff-Induced Concerns: Analyst Says ETH Holding Above &#8216;Crucial Level&#8217; And Begins Its &#8216;Bounce Upwards&#8217; &#8211; Graysc</a>
Why It Matters: This potential trade deal comes in the backdrop of a <a href="https://www.benzinga.com/25/04/44832716/jd-vance-indicates-good-chance-of-a-us-uk-trade-deal-but-allies-reportedly-suggest-theres-a-catch">global tariff </a>chaos. Prior to this, the U.S. Vice President JD Vance expressed optimism about a possible trade agreement with the U.K.
Meanwhile, the&nbsp;U.K. and India finalized a <a href="https://www.benzinga.com/25/05/45245186/uk-india-finalize-landmark-free-trade-agreement-amid-tariff-chaos-while-trump-waits-in-the-wings">landmark free trade</a> agreement&nbsp;amid the tariff turmoil. However, in a sudden shift,&nbsp;<a href="https://www.benzinga.com/25/05/45249388/we-dont-have-to-sign-deals-says-trump-amid-mounting-pressure-over-trade-talks-i-wish-theyd-stop-asking">President Trump stated</a> amid mounting pressure&nbsp;that the U.S. doesn&#8217;t need to sign trade deals, contradicting earlier statements from his administration.
Notably, in February, British Prime Minister Kier Starmer met President Trump at the Oval Office, wherein Trump stated that the two got along &#8220;famously&#8221; and described the U.S.-U.K. relationship as &#8220;tremendous.&#8221;
<ul>
<li>READ MORE:&nbsp;<a href="https://benzinga.com/25/05/45241136/jeff-bezos-says-he-won-the-lottery-with-his-teen-mom-she-had-him-at-17-took-him-to-night-school-then-invested-her" target="_blank" rel="noreferrer noopener">Jeff Bezos Says He &#8216;Won the Lottery&#8217; With His Teen Mom—She Had Him at 17, Took Him to Night School, Then Invested Her $245K Savings In Amazon</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.

Markets

Trump Teases 'Very, Very Big Announcement' As US, UK Close To Finalizing Trade Deal: Report

Takeda Pharmaceutical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) reported quarterly earnings of $0.16 per share. This is a 33.33 percent decrease over earnings of $0.24 per share from the same period last year. The company reported $7.02 billion in sales this quarter. This is a 0.93 percent decrease over sales of $7.08 billion the same period last year.

Earnings

Takeda Pharmaceutical Q4 Adj. EPADS $0.16 Down From $0.24 YoY, Sales $7.02B Down From $7.08B YoY

Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) has proposed delivering its long-delayed new Air Force One presidential aircraft in 2027, three years behind the original 2024 timeline negotiated during President Donald Trump&#8216;s first administration, a U.S. Air Force official told lawmakers Wednesday.
What Happened: Darlene Costello, Acting Assistant Secretary of the Air Force, informed the House Armed Services Committee that Boeing is targeting a 2027 delivery date but wouldn&#8217;t guarantee it, Reuters reported. 
&#8220;We are looking at the requirements that are being potentially traded off to get to that date,&#8221; Costello said.
The government has temporarily lifted some security requirements for the production facility, allowing Boeing to be more &#8220;efficient and productive&#8221; in assembling the aircraft. 
Meanwhile, the government has contracted L3Harris Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LHX#NYSE">LHX</a>) to overhaul a Boeing 747 formerly used by the Qatari government as an interim Air Force One, expected to be available this fall.
See Also: <a href="https://www.benzinga.com/25/05/45276193/ipod-creator-tony-fadell-says-apples-hard-edged-ethic-beats-googles-20-time-culture-you-could-hide-everyone-was-critical">iPod Creator Says Apple&#8217;s Hard-Edged Work Culture Beats Google&#8217;s &#8216;Take The Bus In For Lunch, Grab Yogurt, And Head Home&#8217; Lifestyle</a>
Why It Matters: The significant delays and cost overruns in the Air Force One program add to Boeing&#8217;s mounting challenges as the company works to recover from <a href="https://www.benzinga.com/25/02/43865891/elon-musks-involvement-key-to-solving-boeings-air-force-one-delivery-crisis-report">production issues and supply chain disruptions</a>. 
In February, Trump expressed frustration with Boeing but ruled out European rival Airbus as an alternative. Boeing CEO Kelly Ortberg revealed that Elon Musk, who serves as an adviser to Trump, was &#8220;helping us a lot&#8221; in navigating delivery challenges.
Boeing faces additional pressure from <a href="https://www.benzinga.com/markets/equities/25/04/44970516/boeing-adjusts-strategy-amid-trump-tariff-fallout-ceo-kelly-ortberg-says-wont-build-aircraft-for-customers-who-will-not-take-them-as-china-halts-deliveries">escalating tariff tensions with China</a>, where customers have indicated they will not take delivery of Boeing aircraft following China&#8217;s implementation of 125% retaliatory tariffs on U.S.-made goods. 
Read Next:
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<li><a href="https://www.benzinga.com/media/25/05/45276129/openai-reportedly-reshaping-leadership-taps-senior-executive-to-run-divisions-beyond-sam-altmans-ai-focus">OpenAI Reportedly Reshaping Leadership, Taps Senior Executive To Run Divisions Beyond Sam Altman&#8217;s AI Focus</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Equities

Government

Regulations

Politics

Trump's Air Force One Delayed Until 2027 As Boeing Struggles With Trade-Offs, Air Force Official Tells Lawmakers

Theater chain, AMC Entertainment Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>), isn&#8217;t losing sleep over its rough first quarter, as it doubles down on its bold outlook for the full year.
What Happened: On Wednesday, <a href="https://benzinga.com/general/entertainment/25/05/45268260/amc-q1-earnings-highlights-double-beat-ceo-highlights-2025-2026-slate-as-box-office-doubles-in-april">during its first quarter</a> earnings call, AMC&#8217;s CEO, Adam Aron, acknowledged the company&#8217;s grim start to the year, with box office collections dropping to their lowest for a non-COVID period since 1996. 
&#8220;How slow was it? Really slow,&#8221; Aron said, referring to the period as a &#8220;distorting outlier,&#8221; rather than a long-term downtrend in demand for theatrical releases. He, however, remains upbeat with a strong outlook for the rest of this year. 
&#8220;We continue to believe that movie-going demand in theaters for the balance of '25 and again, in all 2026 will show enormous strength,&#8221; Aron said, pointing to a packed slate of major studio releases slated for the summer and beyond, which he described as &#8220;barn burners, one after another.&#8221;
See More: <a href="https://www.benzinga.com/25/05/45276193/ipod-creator-tony-fadell-says-apples-hard-edged-ethic-beats-googles-20-time-culture-you-could-hide-everyone-was-critical">iPod Creator Says Apple&#8217;s Hard-Edged Work Culture Beats Google&#8217;s &#8216;Take The Bus In For Lunch, Grab Yogurt, And Head Home&#8217; Lifestyle</a>
He says, &#8220;the tide has finally turned,&#8221; with box office collections during April and early-May having already doubled year-over-year, helping build momentum following a weak slate during the first quarter.
AMC now expects the 2025 domestic box office to land at the upper end of its prior forecast, potentially $500 million to $1 billion higher than last year.
Why It Matters: The company recently made major upgrades to its screens and movie viewing experience, in anticipation of the <a href="https://benzinga.com/general/entertainment/25/04/44590859/amc-ceo-bets-big-on-star-wars-avatar-jurassic-park-marvel-franchises-by-adding-more-premium-screens">big lineup of popular movies</a> in the coming months.
This included an IMAX Laser upgrade across 180 locations, making it <a href="https://in.benzinga.com/news/contracts/25/04/44603254/amc-expands-premium-movie-experience-with-imax-laser-upgrades-in-landmark-deal">IMAX&#8217;s biggest deal</a> in the U.S. since 2018.
The company reported $862.5 million in revenue <a href="https://benzinga.com/general/entertainment/25/05/45268260/amc-q1-earnings-highlights-double-beat-ceo-highlights-2025-2026-slate-as-box-office-doubles-in-april">during its first quarter</a>, down 9% year-over-year, while beating consensus estimates at $837.1 million. It posted a loss of $0.58 per share, which was once again ahead of estimates at $0.57 per share. 
Price Action: The stock was up 0.93% on Wednesday, but is down 0.37% after hours following the company&#8217;s first quarter earnings release.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="137" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08023039/Screenshot-2025-05-08-at-12.00.28-PM-1024x137.png" alt="" class="wp-image-907136" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08023039/Screenshot-2025-05-08-at-12.00.28-PM-1024x137.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08023039/Screenshot-2025-05-08-at-12.00.28-PM-300x40.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08023039/Screenshot-2025-05-08-at-12.00.28-PM-768x103.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08023039/Screenshot-2025-05-08-at-12.00.28-PM-1536x205.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08023039/Screenshot-2025-05-08-at-12.00.28-PM.png 1588w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
AMC&#8217;s stock scores low on Benzinga&#8217;s Edge Stock Rankings across most indicators. For more insights, sign up for <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga Edge</a>.
Photo Courtesy: Colleen Michaels On Shutterstock.com
Read More: 
<ul>
<li><a href="https://www.benzinga.com/25/05/45275079/bob-iger-admits-marvel-lost-focus-by-making-too-much-content-saying-quantity-does-not-necessarily-beget-quality-heres-what-disney-plans-to-do-now">Bob Iger Admits Marvel Lost Focus By Making Too Much Content, Saying &#8216;Quantity Does Not Necessarily Beget Quality&#8217; — Here&#8217;s What Disney Plans To Do Now</a></li>
</ul>

Entertainment

AMC CEO Adam Aron Calls Q1 The Worst Domestic Box Office Since COVID-19, But Remains Hopeful For A 2025 Rebound With 'Barn Burners' Coming All Year

Used car retailer Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) reported better-than-expected first quarter results, and the company&#8217;s CEO hinted that tariffs could be beneficial for used cars going ahead.
What Happened: Carvana achieved its long-term profitability goal years ahead of schedule as the company reported an 11.5% adjusted EBITDA margin during the first quarter, hitting a target projected in 2018 for a much later stage.
Company CEO Ernie Garcia highlighted that during its 2018 Analyst Day, their analysis projected &#8220;a long-term EBITDA margin range of 8% to 13.5% at a time when our actual adjusted EBITDA margin was negative 9%.&#8221;
&#8220;For the last four consecutive quarters, we have been in that range. And in Q1, in a seasonally weaker quarter, we were reporting 11.5%,&#8221; he said.
While acknowledging that tariffs could drive up new car prices, Garcia said that used car prices could be less affected.
&#8220;It may be a directional benefit to used cars. And it may be a benefit to business models that are able to offer value to consumers, which is a business model that we think we fit in that box,&#8221; said the CEO.
See Also: <a href="https://www.benzinga.com/general/market-summary/25/05/45251508/warren-buffett-falls-behind-nancy-pelosi-in-stock-market-returns-over-the-last-11-years-heres-what-data-shows">Warren Buffett Falls Behind Nancy Pelosi In Stock Market Returns Over The Last 11 Years: Here&#8217;s What Data Shows</a>
Why It Matters: <a href="https://www.benzinga.com/news/earnings/25/05/45268560/carvana-q1-earnings-revenue-eps-beat-estimates-as-vehicles-sales-jump-46-company-remains-on-track-for-significant-growth-in-fy2">Carvana significantly outperformed</a> Wall Street&#8217;s <a href="https://www.benzinga.com/quote/CVNA/earnings">expectations</a> in the first quarter, reporting revenue of $4.23 billion against a consensus estimate of $3.98 billion. The company&#8217;s earnings per share also soared past predictions, reaching $1.51 compared to the anticipated 60 cents.
According to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>, Carvana has surpassed analyst estimates for both its top-line and bottom-line results for the past five consecutive quarters. 
Carvana expects sequential growth in both retail units sold and adjusted EBITDA in the second quarter, anticipating new records. The company remains on track for significant growth in fiscal year 2025.
The shares have risen by 29.87% on a year-to-date basis and 126.51% over a year. On Wednesday, the shares ended at $259.17 apiece and rose by 3.02% in after-hours. Meanwhile, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), tracking the S&amp;P 500 index, rose 0.42% in the same session.
Benzinga Edge Stock Rankings shows that CVNA had a strong price trend over the short, medium, and long term. Its momentum ranking was solid at 96.27th percentile, whereas its value ranking was also poor at 9.29th percentile; the details of other metrics are <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">available here</a>.
On Thursday, the futures of the S&amp;P 500, Dow Jones, and Nasdaq 100 were higher in trade.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/CVNA"><img loading="lazy" decoding="async" width="1024" height="147" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08020100/Carvana-Edge-1024x147.png" alt="" class="wp-image-907105" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08020100/Carvana-Edge-1024x147.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08020100/Carvana-Edge-300x43.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08020100/Carvana-Edge-768x110.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08020100/Carvana-Edge.png 1222w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/25/05/45254558/china-could-sell-its-us-holdings-without-having-to-give-in-says-expert-risk-asset-prices-are-trumps-achilles-heel">China Could Sell Its US Holdings Without Having To &#8216;Give In,&#8217; Says Expert: &#8216;Risk Asset Prices Are Trump&#8217;s Achilles Heel&#8217;</a></li>
</ul>
Photo courtesy: Around the World Photos / Shutterstock.com

Tech

CVNA

Carvana CEO Believes Tariffs Could 'Benefit' Used Cars As It Achieves Long-Term Profitability Goal Years Ahead Of Schedule

Gold Royalty (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GROY#AMEX">GROY</a>) reported quarterly losses of $(0.01) per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported $3.14 million in sales this quarter. This is a 8.43 percent increase over sales of $2.89 million the same period last year.

GROY

Gold Royalty Q1 Adj. EPS $(0.01), Inline, Sales $3.14M Up From $2.89M YoY

<ul>
<li>Sigma Lithium continued to demonstrate its operational resilience delivering strong financial performance:
<ul>
<li>Production of 68,308t of lithium oxide, above target and 26% higher than 1Q24.</li>
<li>CIF China Cash Costs and All-In Sustaining Costs: US$458/t and US$622/t, respectively 8% and 6% better than FY 2025 targets.</li>
<li>EBITDA and adjusted EBITDA for non-cash expenses: US$10m and US$11.4m, respectively, representing 21% and 24% EBITDA margins; and a significant 28% increase in revenues compared to 1Q24. &nbsp;</li>
</ul>
</li>
<li>The Company was truly honored by the overwhelming positive endorsement received from our communities at Vale do&nbsp;Jequitinhonha, demonstrated by over 2,000 supporters during the public hearings on lithium production at Brazil's Lithium Valley:
<ul>
<li>An unprecedented 91% of favorable depositions and testimonials from the residents of cities&nbsp;Itinga and Araçuaí. &nbsp;</li>
</ul>
</li>
<li>We are also proud to be able to count on the unequivocal support of Brazil's Federal Government and of&nbsp;Minas Gerais State Government:
<ul>
<li>Sigma Lithium has become a locomotive of prosperity in the region, creating over 1,700 direct and 20,000 indirect jobs with more than 21,000 people benefiting from our social inclusion programs of&nbsp;microcredit and irrigation for subsistence family agriculture.</li>
</ul>
</li>
</ul>

SGML

Reported Earlier, Sigma Lithium Q1 Preview: Outperforms 1Q25 Targets With 26% Higher Production, 28% Revenue Growth, and Strong 24% EBITDA Margin Despite Weaker Lithium Prices

Adtran Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) sees Q2 sales of $247.500 million-$262.500 million vs $263.49 million analyst estimate.

Guidance

ADTN

Adtran Holdings Sees Q2 Sales $247.500M-$262.500M vs $263.49M Est

Adtran (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) reported quarterly earnings of $0.03 per share which missed the analyst consensus estimate of $0.04 by 25 percent. This is a 250 percent increase over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $247.74 million which missed the analyst consensus estimate of $255.07 million by 2.87 percent. This is a 9.54 percent increase over sales of $226.17 million the same period last year.

Earnings Misses

Adtran Q1 Adj. EPS $0.03 Misses $0.04 Estimate, Sales $247.74M Miss $255.07M Estimate

BlackBerry Expands Cybersecurity Skill Development At Malaysia CCoE With EC Council Learning Platform And Flexible Online, In-Person Training Options

The Walt Disney Co.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) domestic theme parks are delivering excellent returns on investment, providing strong validation for the company&#8217;s $30 billion capital expenditure plan despite prevailing macroeconomic concerns.
What Happened: This stellar performance within the Experiences segment was a key highlight of <a href="https://www.benzinga.com/general/travel/25/05/45260938/disneys-new-abu-dhabi-theme-park-will-be-authentically-disney-and-distinctly-emirati-ceo-bob-iger-says">Disney&#8217;s second-quarter 2025 earnings</a>, contributing significantly to the company exceeding overall financial expectations and fueling over a 10% rally in its stock price on Wednesday.
CEO Bob Iger said the &#8220;outstanding performance from our domestic businesses&#8221; within the Experiences division, noting that investments in this segment have achieved &#8220;all time highs&#8221; in terms of returns. 
This robust profitability underscores the effectiveness of Disney&#8217;s strategy to enhance its theme parks in Florida and California. The $30 billion investment initiative is aimed at not only upgrading offerings and creating employment but also strategically increasing park capacity to accommodate more guests without compromising the visitor experience, according to Iger. &nbsp;
See Also: <a href="https://www.benzinga.com/markets/25/05/45274831/trump-tariff-pressure-reportedly-opens-global-doors-for-elon-musks-starlink-as-nations-rush-to-show-goodwill">Trump Tariff Pressure Reportedly Opens Global Doors For Elon Musk&#8217;s Starlink As Nations Rush To Show &#8216;Goodwill&#8217;</a>
Why It Matters: The strong performance of the domestic parks played a crucial role in Disney surpassing analyst projections for both earnings per share and <a href="https://www.benzinga.com/general/travel/25/05/45260938/disneys-new-abu-dhabi-theme-park-will-be-authentically-disney-and-distinctly-emirati-ceo-bob-iger-says">revenue in the second quarter</a>. 
This positive momentum allowed the company to raise its full-year earnings per share guidance, signaling management&#8217;s confidence in the continued strength of this segment and its ability to navigate potential economic headwinds. Forward-looking indicators for the domestic parks remain positive, with bookings for Walt Disney World showing increases of 4% and 7% for the third and fourth quarters, respectively. &nbsp;
While Disney is also pursuing growth <a href="https://www.benzinga.com/general/travel/25/05/45260938/disneys-new-abu-dhabi-theme-park-will-be-authentically-disney-and-distinctly-emirati-ceo-bob-iger-says">through international expansions</a>, such as the upcoming theme park in Abu Dhabi, the current record returns from its domestic parks underscore the enduring appeal and profitability of its core theme park business in the United States. 
Price Action: On Wednesday, Disney&#8217;s stock price reflected positive sentiment, closing up by 10.86%, trading at $102.09, although it remains down 7.88% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/equities/25/05/45275248/uber-ceo-dara-khosrowshahi-says-average-waymo-in-austin-is-busier-than-99-of-human-drivers">Uber CEO Dara Khosrowshahi Says &#8216;Average Waymo In Austin Is Busier Than 99%&#8217; Of Human Drivers</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Jerome LABOUYRIE / Shutterstock.com

Disney's $30 Billion Theme Park Bet Pays Off As Bob Iger Touts 'All-Time High' Returns, Stock Rallies 10% After Q2 Earnings

Shopify Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHOP#NASDAQ">SHOP</a>) will release earnings results for the first quarter, before the opening <a href="https://www.benzinga.com/quote/SHOP/earnings">bell on Thursday, May 8</a>.
Analysts expect the Ottawa, Canada-based company to report quarterly earnings at 26 cents per share, up from 20 cents per share in the year-ago period. Shopify projects to report quarterly revenue at $2.33 billion, compared to $1.86 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Affirm Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>) and Shopify announced on April 9 that they are accelerating their global expansion plans.
Shopify shares rose 0.7% to close at $94.50 on Wednesday.
Benzinga readers can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate <a href="https://www.benzinga.com/quote/shop/analyst-ratings">analysts have rated the company</a> in the recent period.
<ul>
<li>Truist Securities analyst Terry Tillman maintained a Hold rating and cut the price target from $120 to $100 on May 6, 2025. This analyst has an accuracy rate of 61%.</li>
<li>Benchmark analyst Mark Zgutowicz maintained a Buy rating and cut the price target from $150 to $125 on May 6, 2025. This analyst has an accuracy rate of 62%.</li>
<li>BMO Capital analyst Thomas Moschopoulos initiated coverage on the stock with an Outperform rating and a price target of $120 on May 6, 2025. This analyst has an accuracy rate of 75%.</li>
<li>Oppenheimer analyst Ken Wong maintained an Outperform rating and slashed the price target from $150 to $125 on April 30, 2025. This analyst has an accuracy rate of 73%.</li>
<li>Keybanc analyst Philip Gibbs maintained an Overweight rating and cut the price target from $140 to $105 on April 23, 2025. This analyst has an accuracy rate of 84%.</li>
</ul>
Considering buying SHOP stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="566" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08022941/image-77-1024x566.png" alt="" class="wp-image-907133" style="width:623px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08022941/image-77-1024x566.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08022941/image-77-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08022941/image-77-768x424.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/05/08022941/image-77.png 1126w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Photo via Shutterstock

Price Target

Pre-Market Outlook

Analyst Ratings

Trading Ideas

AFRM

SHOP

Shopify Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

David Bailey, CEO of Bitcoin Magazine and cryptocurrency advisor to President Donald Trump, raised $300 million to create a publicly traded Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) investment company, according to a report on Wednesday.
What Happened: The fundraising effort, which began in January, includes&nbsp;$200 million in equity funding&nbsp;and $100 million in convertible&nbsp;debt, CNBC <a href="https://www.cnbc.com/2025/05/07/trump-crypto-advisor-david-bailey-300-million-bitcoin-investment-co.html">reported</a>, citing sources familiar with the matter.
The new company, named&nbsp;Nakamoto&nbsp;in honor of&nbsp;the pseudonymous creator Satoshi&nbsp;Nakamoto,&nbsp;will focus on acquiring and&nbsp;holding Bitcoin. Nakamoto is expected&nbsp;to merge with an existing&nbsp;Nasdaq-listed company, with an announcement likely to be made early next week.
See Also:&nbsp;<a href="https://benzinga.com/trading-ideas/movers/25/05/45274508/bitcoin-taps-98000-ethereum-dogecoin-steady-as-fed-chair-jerome-powell-raises-trump-tariff-induced-concerns-analyst-says-eth-holding-above-crucial-level-and-begins-its" target="_blank" rel="noreferrer noopener">Bitcoin Taps $98,000, Ethereum, Dogecoin Steady As Fed Chair Jerome Powell Raises Trump Tariff-Induced Concerns: Analyst Says ETH Holding Above &#8216;Crucial Level&#8217; And Begins Its &#8216;Bounce Upwards&#8217;</a>
Nakamoto&#8217;s public listing is slated for this summer. The company plans to acquire businesses worldwide, including in Brazil, Thailand,&nbsp;and South Africa, and invest&nbsp;its bitcoin into them, the report mentioned. 
Interestingly, Bailey shared a cryptic post, hinting at a future in which the equivalent of Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) would be available in different countries. &#8220;This play is just getting started,&#8221; he wrote.
Bailey didn&#8217;t immediately return Benzinga&#8217;s request for confirmation.
<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">Anybody want to invest in the: MicroStrategy of Saudi Arabia? MicroStrategy of Turkey? MicroStrategy of South Korea? MicroStrategy of South Africa? This play is just getting started
&mdash; David Bailey&#x1f1f5;&#x1f1f7; $1.0mm/btc is the floor (@DavidFBailey) <a href="https://twitter.com/DavidFBailey/status/1920339637635031209?ref_src=twsrc%5Etfw">May 8, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: This development follows Bailey&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40567193/trumps-bitcoin-turnaround-caused-by-100m-influence-from-a-trio-of-puerto-rican-advocates-r">influential role in shaping Trump&#8217;s stance on Bitcoin</a>. Bailey, along with Bitcoin mining expert Amanda Fabiano and former California prosecutor Tracy Hoyos-López, successfully convinced Trump about Bitcoin's potential, leading to his embrace of the apex cryptocurrency.
Trump&nbsp;pushed for a <a href="https://www.benzinga.com/25/03/44183572/trump-establishes-strategic-bitcoin-reserve-funded-by-forfeited-assets-i-made-the-promise">strategic national Bitcoin stockpile</a>&nbsp;on the campaign trail and ended up creating one after assuming office
Price Action:  At the time of writing, Bitcoin was exchanging hands at $98,927.66, up 2.61% 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>. 
Photo Courtesy: Mc_Cloud on Shutterstock.com
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</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>

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

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$BTC

MSTR

Trump Crypto Advisor Rakes In $300 Million For Bitcoin Investment Company That Hopes To Bring MSTR Model To The World

Concurrently with the proposed upsized public offering, the Company intends to complete a private placement of 17,173,853 common shares to certain of its major shareholders at the public offering price. NOVAGOLD intends to use the net proceeds from the offering and the concurrent private placement described above to fund the purchase price for NOVAGOLD's previously announced acquisition1 of an additional 10% ownership interest in Donlin Gold LLC and to use the remaining net proceeds, if any, for general corporate purposes including updating the feasibility study.

NOVAGOLD Prices $179M Underwritten Upsized Public Offering Of 47.85M Common Shares At $3.75 Per Share

Macro Economic Events

Econ #s

Economics

Germany Trade Balance For March 21.1B Vs. 19.0B Est.; 17.7B Prior

Germany Industrial Production (MoM) For March 3.0% Vs. 0.9% Est.; -1.3% Prior

U.K. Halifax House Price Index (MoM) For April 0.3% Vs. 0.2% Est.; -0.5% Prior

U.K. Halifax House Price Index (YoY) For April 3.2% Vs. 2.6% Est.; 2.9% (Revised) Prior

Equinox Gold (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EQX#AMEX">EQX</a>) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $0.15 by 153.33 percent. This is a 100 percent decrease over losses of $(0.04) per share from the same period last year. The company reported quarterly sales of $423.70 million which missed the analyst consensus estimate of $434.00 million by 2.37 percent. This is a 75.59 percent increase over sales of $241.30 million the same period last year.

Equinox Gold Q1 Adj. EPS $(0.08) Misses $0.15 Estimate, Sales $423.70M Miss $434.00M Estimate

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