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T. Rowe Price Capital Appreciation Equity ETF

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Capital Appreciation Equity ETF

In a powerful 2007 USC commencement speech, Charlie Munger, late billionaire <a href="https://www.benzinga.com/news/25/01/42976301/charlie-munger-said-his-family-only-owns-3-stocks-damn-right-theyre-rich-because-diversification-is-for-know-nothing-investors">investor and longtime vice chairman</a> of Berkshire Hathaway, shared a vital lesson on success, highlighting how Warren Buffett's lifelong commitment to learning was a key factor in the company's legendary growth.
What Happened: During his address, Munger stressed that success isn't solely determined by what one already knows but by the continuous pursuit of knowledge.
"You're going to advance in life by what you're going to learn after you leave here," Munger told the graduates.
He used his own experience and that of Buffett as prime examples of the power of learning.&nbsp;
"If you take Berkshire Hathaway, which is certainly one of the best-regarded corporations in the world, and it may have the best long-term investment record in the entire history of civilization, the skill that got Berkshire through one decade would not have sufficed to get it through the next decade with the achievements made," Munger said.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/07/40056062/charlie-munger-once-said-that-in-his-entire-life-he-has-never-known-a-wise-person-who-didnt">Charlie Munger Once Said That In His Entire Life, He Has Never Known A Wise Person Who &#8216;Didn&#8217;t Read All The Time — None, Zero:&#8217; Here Are Some Books That The Berkshire Hathaway Vice Chair Recommended — And Not All Are About Finance Either</a>
"Without Warren Buffett being a learning machine, a continuous learning machine, the record would have been absolutely impossible. The same is true at lower walks of life," he added.
He further credited Buffett's ability to continuously learn and adapt to new challenges as integral to the company's success.
Munger shared a telling example of Buffett's relentless drive for learning, saying, "I would say half of all the time that [Buffett] spends is just sitting on his a&#x2A;&#x2A; and reading, and a big chunk of the rest of the time is spent talking one-on-one, either on the telephone or personally, with highly gifted people whom he trusts and who trust him."&nbsp;
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Why It&#8217;s Important: Buffett and Munger first crossed paths in 1959, introduced by a mutual acquaintance in Omaha. At the time, Munger was working as a lawyer, but their conversation that day marked the beginning of something far more significant.
They quickly recognized a shared intellectual chemistry and similar views on investing — a foundation that would go on to shape the future of Berkshire Hathaway.
Munger played a key role in guiding Buffett away from simply buying undervalued companies toward investing in exceptional businesses with long-term potential.
Buffett, in turn, deeply valued Munger's clarity of thought and often credited him with influencing Berkshire's evolution.
For over six decades, their relationship remained grounded in mutual respect. They didn't try to outshine one another — they made each other better.
Munger <a href="https://www.benzinga.com/personal-finance/25/03/44571776/charlie-munger-lived-to-99-and-refused-to-give-up-his-favorite-soda-im-sure-diet-coke-shortens-my-life-a-little-but-i-dont-give-a-damn">passed away on Nov. 28, 2023</a>, just a month shy of his 100th birthday. Buffett paid tribute to Munger in his first annual letter to shareholders following Munger's passing, <a href="https://www.benzinga.com/news/earnings/24/02/37300646/berkshire-hathaways-q4-operating-earnings-surge-28-warren-buffet-pays-touching-tribute-to-late-char">calling him the &#8220;architect&#8221; behind</a> much of the company&#8217;s success.
"Charlie never sought to take credit for his role as creator but instead let me take the bows and receive the accolades. In a way, his relationship with me was part older brother, part loving father," he wrote. "Even when he knew he was right, he gave me the reins, and when I blundered he never – never – reminded me of my mistake."
Photo Courtesy: Kent Sievers on Shutterstock.com
Check out more of Benzinga's Consumer Tech coverage by&nbsp;<a href="https://www.benzinga.com/topic/consumer-tech" target="_blank" rel="noreferrer noopener">following this link</a>.
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Disclaimer:&nbsp;This content was partially produced with&nbsp;the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was&nbsp;reviewed and published by Benzinga editors.

News

Tech

Charlie Munger Once Said Warren Buffett Is A 'Learning Machine' And That's What Lies Beneath Berkshire Hathaway's Success From One Decade To Another

The Trump administration has requested that the Internal Revenue Service (IRS) to strip Harvard University of its tax-exempt status. This request was made on Wednesday, following a suggestion by President Donald Trump.
What Happened: The inquiry was directed to Andrew De Mello, the IRS's acting chief counsel, by the Treasury Department. This move comes after Trump criticized Harvard on Truth Social, questioning its adherence to public interest criteria required for tax-exempt entities, <a href="https://thehill.com/homenews/administration/5252915-irs-asked-to-revoke-harvards-tax-exempt-status/">reported</a> The Hill.
Trump wrote on his social network on Tuesday, &#8220;Perhaps Harvard should lose its Tax Exempt Status and be Taxed as a Political Entity if it keeps pushing political, ideological, and terrorist inspired/supporting ‘Sickness?'" 
Tax exemption is typically granted to non-profit and educational institutions that meet government standards, but they must refrain from political activities. The IRS holds the sole authority to review and revoke such statuses, traditionally without presidential influence.
The action is part of ongoing tensions between Harvard and the Republican administration, stemming from the university&#8217;s refusal to comply with certain federal funding conditions.&nbsp;Steve Rosenthal, a&nbsp;senior fellow at the Tax&nbsp;Policy Center, emphasized that the IRS should enforce tax laws impartially, not engage in political retribution.
See Also: <a href="https://benzinga.com/25/04/44816653/canada-eases-retaliatory-tariffs-on-us-goods-as-trade-tensions-thaw-under-softer-trump-stance-stocks-react" target="_blank" rel="noreferrer noopener">Canada Eases Retaliatory Tariffs On US Goods As Trade Tensions Thaw Under Softer Trump Stance: Stocks React</a>
Why It Matters: The Trump administration&#8217;s request to revoke Harvard&#8217;s tax-exempt status is the latest in a series of confrontations between the university and the federal government. 
Earlier this month, the administration <a href="https://www.benzinga.com/25/04/44804541/trump-administration-halts-2-2-billion-in-harvard-grants-after-university-says-dont-dictate-what-we-can-teach-or-who-we-admit">halted $2.2 billion</a> in grants to Harvard after the university refused to comply with demands to eliminate diversity, equity, and inclusion programs and to screen international students for ideological concerns. 
This refusal has put nearly $9 billion in federal funding at risk. The White House has issued similar threats to other prestigious institutions, including Columbia, Cornell, and Northwestern, indicating a broader strategy to influence educational policies at major universities.
In related developments, Trump appointed Gary Shapley as <a href="https://www.benzinga.com/25/04/44829763/trump-to-reportedly-appoint-hunter-biden-whisteblower-gary-shapley-as-acting-irs-commissioner-hell-be-a-great-asset">acting IRS commissioner</a> on Tuesday, amid significant staff changes within the agency.
Photo Courtesy: Paul Brady Photography via Shutterstock.com
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

Politics

General

Trump Administration Asks IRS To Revoke Harvard's Tax-Exempt Status After President Accuses Ivy League University Of Pushing 'Sickness'

Dave Ramsey is a bestselling author who created the baby steps formula for getting out of debt. It's helped many people, including one person in the Dave Ramsey subreddit. A Redditor shared her experience of <a href="https://www.reddit.com/r/DaveRamsey/comments/1jvo0f9/were_debt_free/">becoming debt-free</a> and paying off $37,900 in less than three years.
"My husband and I started our baby steps journey in November 2023," the 23-year-old wife explained.&nbsp;
Most of the debt was for student loans and vehicle loans. However, the couple paid off their obligations by following Ramsey's advice. The Redditor detailed how the couple got out of debt and their new goal after getting out of debt.
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<h2 class="wp-block-heading">The Path To Becoming Debt-Free</h2>
Everyone has a different path to becoming debt-free, but all of those stories involve financial discipline. The couple practiced good money habits that helped them make significant progress with paying off their debt.&nbsp;
One of the key factors was the husband going from a $70,000 salary to making $120,000 per year as a contractor in the same profession. Striving to pay off debt as quickly as possible can inspire people to grow their careers faster. That seemed to be the case for the husband, and the wife took notice.
"He busted his butt enough for the past month that we were able to pay off the remaining $10,000 of our debt and it feels like we are set up so much better going forward," she explained.&nbsp;
Trending: It&#8217;s no wonder Jeff Bezos holds over $250 million in art — <a href="https://www.benzinga.com/money/masterworks">this alternative asset has outpaced the S&amp;P 500 since 1995, delivering an average annual return of 11.4%. Here&#8217;s how everyday investors are getting started.</a>
<h2 class="wp-block-heading">The Couple's New Financial Goals&nbsp;</h2>
The young couple has good momentum after paying off significant debt, but they have two new financial goals. The couple's first goal is to pour money into their emergency fund until it reaches $36,000. The wife explained that they pay $6,000 per month in living expenses and want to save at least six months of living expenses.
She explained that her union is planning to strike in 2026, and they want to save extra money beforehand. The wife earns $90,000 per year. While a strike would impact her finances, the couple has put themselves in a better financial position. After getting to $36,000, the couple will make slower contributions to their emergency savings account until they reach $50,000.
The wife also said she is excited to pay off the mortgage early. They have a $590,000 balance, but it should get trimmed quicker in subsequent years. That's because the couple had been focusing on their $37,900 in other financial obligations. Now, that same money can be redirected toward the mortgage.
See Also: Hasbro, MGM, and Skechers trust this AI marketing firm — <a href="https://www.benzinga.com/money/rad-intel">invest pre-IPO from $0.60 per share now</a>.
<h2 class="wp-block-heading">The Couple Has A Bright Future</h2>
Some commenters pointed out that the couple has made a lot of progress while they are still young. Having financial discipline and getting out of debt at a young age establishes a high ceiling. The couple seems likely to maintain their good money habits, and that can help them pay off the entire mortgage sooner than anticipated.
The couple can continue to explore more career opportunities and grow their earnings since they are both in their early 20s. They are putting themselves in a good position to raise a large family if they desire. In the meantime, they are capitalizing on the lower overhead of having no kids by paying off a lot of debt.&nbsp;
The wife also said that they are putting more money into their 401(k) plans, which can set themselves up for a good retirement. It goes to show how much success people can achieve if they build some initial momentum and start practicing good financial habits.
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Personal Finance

A Couple Shares How Dave Ramsey Helped Them Pay Off $37,900 In Debt: 'My Husband And I Started Our Baby Steps Journey In November 2023'

KZIA

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

Intuit (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) has outperformed the market over the past 15 years by 10.18% on an annualized basis producing an average annual return of 20.47%. Currently, Intuit has a market capitalization of $164.40 billion. 
Buying $100 In INTU: If an investor had bought $100 of INTU stock 15 years ago, it would be worth $1,646.36 today based on a price of $588.08 for INTU at the time of writing.
<h3>Intuit's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744847117_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Trading Ideas

INTU

Here's How Much You Would Have Made Owning Intuit Stock In The Last 15 Years

HubSpot (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBS#NYSE">HUBS</a>) has outperformed the market over the past 10 years by 20.1% on an annualized basis producing an average annual return of 29.73%. Currently, HubSpot has a market capitalization of $28.37 billion. 
Buying $1000 In HUBS: If an investor had bought $1000 of HUBS stock 10 years ago, it would be worth $13,738.38 today based on a price of $544.04 for HUBS at the time of writing.
<h3>HubSpot's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744846211_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

HUBS

Here's How Much $1000 Invested In HubSpot 10 Years Ago Would Be Worth Today

President Donald Trump was named the<a href="https://www.benzinga.com/media/24/12/42450651/donald-trump-to-be-named-time-person-of-the-year-beating-out-harris-musk-middleton-netanyahu-report"> Time Person of the Year</a> in 2024 and is one of the 100 people named to the 2025 Time Most Influential People list.
Aside from Trump and political leaders like J.D. Vance, Robert F. Kennedy Jr. and Javier Milei, the list also includes several CEOs of publicly traded U.S. companies.
Here's a look at that list.
What Happened: The Time 100 Most Influential list includes people across categories of artists, innovators, titans, leaders and pioneers and unlike the <a href="https://www.benzinga.com/general/social-media/24/09/40760039/elon-musk-less-influential-to-artificial-intelligence-than-scarlett-johansson-time-magazine-">Time 100 AI list </a>from last year that left Elon Musk out, includes the world's richest man.
The 2025 <a href="https://time.com/collections/100-most-influential-people-2025/">list </a>includes 16 corporate CEOs, which is a record for the annual list from the newsmagazine.
Here are the CEOs of publicly traded U.S. companies and their categories:
<ul>
<li>Elon Musk (Leaders): CEO of Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)</li>
<li>Lisa Su (Titans): CEO of Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</li>
<li>Mark Zuckerberg (Titans): CEO of Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</li>
<li>Ted Sarandos (Titans): CEO of Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>)</li>
<li>Alex Karp (Titans): CEO of Palantir Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>)</li>
<li>Ed Bastian (Titans): CEO of Delta Air Lines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>)</li>
<li>Doug McMillon (Titans): CEO of Walmart (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WMT#NYSE">WMT</a>)</li>
<li>Stephen Squeri (Titans): CEO of American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</li>
<li>Larry Fink (Innovators): CEO of BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)</li>
</ul>
The list also included Tomáš Cihlář, who is a vice president at Gilead Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), for his work on HIV drugs.
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Why It's Important: While many readers will know the names like Ed Sheeran, Scarlett Johansson, Demi Moore, Jalen Hurts, Simon Biles, Serena Williams and Snoop Dogg, the list of most influential offers a look at some of the top CEOs who have transformed their companies or led the companies through times of uncertainty.
"What he's built over the past 25 years is astonishing — a house of creativity that is constantly heading into the future," producer and writer Shonda Rhimes wrote of Sarandos. "Ted's genuine love of television and movies has helped him turn Netflix, and the streaming industry as a whole, into something that none of us can live without."
Musk's increased role in politics, including the newly created Department of Government Efficiency, led to his inclusion in the "leaders" category.
Time Magazine senior correspondent Simon Shuster wrote the description for Musk, highlighting past conquests from the billionaire like electric cars at Tesla, taking over Twitter and pushing into space with SpaceX.
"After spending nearly $290 million in 2024 to help elect Donald Trump and other Republican candidates, Musk has applied this same energy to the task of dismantling the federal bureaucracy," Shuster wrote.
While many Tesla and Musk fans were upset the billionaire was not included in the Time 100 AI List last year, Musk shared his best response to how he feels about accolades like making a top 100 list.
"Magazines do not establish relevance, history does," Musk said.
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Photo: <a href="https://www.shutterstock.com/g/ssi77">ssi77</a> via Shutterstock

Entertainment

Management

Media

GILD

NFLX

PLTR

TSLA

Time 100 Most Influential People Includes Elon Musk, Mark Zuckerberg, Alex Karp And More Public Company CEOs

Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) has outperformed the market over the past 5 years by 4.98% on an annualized basis producing an average annual return of 18.97%. Currently, Wells Fargo has a market capitalization of $208.68 billion. 
Buying $100 In WFC: If an investor had bought $100 of WFC stock 5 years ago, it would be worth $231.14 today based on a price of $63.98 for WFC at the time of writing.
<h3>Wells Fargo's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744845310_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In Wells Fargo 5 Years Ago Would Be Worth This Much Today

Dave Ramsey is known for helping people dig their way out of debt, one snowball at a time. He's blunt, he's bold, and that's exactly what people tune in for.
So when someone wrote in to ask if his famous strategy could work on a national level — specifically, if it could tackle the <a href="https://www.benzinga.com/personal-finance/25/03/44484869/its-not-like-they-can-repo-kentucky-dave-ramsey-breaks-down-the-36-trillion-national-debt-in-simple-terms-after-caller-asks-why-pay-it">government's $36 trillion in debt</a> — he didn't shy away.
The question came during an <a href="https://youtu.be/fS7-l8TEx-Y?si=uJ-JE3zxylShAqAB">episode of "The Dave Ramsey Show</a>" posted last week, where Ramsey and his daughter, Rachel Cruze, read a letter from Steve in Indiana. He had a simple, loaded question: Would Ramsey's debt snowball plan help the country climb out of its massive financial hole?
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Just for good measure, Steve threw in, "I wish Trump had you on the DOGE team."
Ramsey laughed, saying he doesn't exactly blend in with the D.C. crowd. He explained that while he's friendly with a few state governors, he doesn't really "fit in" anywhere in Washington. That said, he still had plenty to say about what he'd do if he were running the show.
And yes, he actually does believe some of the same debt-free principles could apply to the federal government.
"The principle of being debt-free still stands," Ramsey said. "And the principle of living on less than you make still stands."
But it wasn't just <a href="https://www.benzinga.com/personal-finance/24/12/42746966/debt-and-broke-are-the-norm-says-dave-ramsey-explains-why-normal-isnt-working-for-most-americans-and-how-to-take-control-of-your-money">basic budgeting advice</a>. Ramsey dove into the economics behind what he sees as a better way to generate revenue.
"To a certain degree, as you lower taxes, the economy heats up," he said. "Because the people that are making money are putting money back into their businesses, and they make yet more money — and they pay yet more taxes, even though the rate is lower."
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That, he said, leads to the ultimate twist.
"If you lower taxes, it heats up the economy and you end up collecting more revenue," Ramsey explained. "Oddly enough, <a href="https://www.benzinga.com/markets/25/03/44295365/trump-wants-no-tax-for-americans-making-less-than-150000-a-year-says-howard-lutnick-thats-what-im-working-for">lowering taxes does work</a>. It seems oxymoronic."
He pointed to the Clinton-era budget as a rare example of balance in Washington, noting that the tax code at the time still reflected policies from the Reagan administration. The connection? The Laffer Curve, which is the theory that lower taxes can actually increase government revenue. Ramsey said it's been misunderstood or dismissed by critics, but in his view, the data holds up.
Of course, more income is only half the fix. The other half, Ramsey said, is cutting spending — and cutting deep.
"You cut the snot out of the expenses," he said. "If you could ever get it right-side up, where there's more income than outgo… then could you start to pay off the debt? Absolutely you could."
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Ramsey praised the Trump administration for taking a bold stance on federal spending, saying it's the first time in his life he's seen a president willing to slash the budget <a href="https://www.benzinga.com/personal-finance/25/04/44726176/dave-ramsey-reveals-one-trait-among-successful-financial-transformations-few-people-have-the-courage-to-seek-out-change">without worrying about political fallout</a>. He compared it to personal finance — when people finally get serious about change, they stop caring about what others think. "You don't care what your broke brother-in-law thinks about your car," he said.&nbsp;
When it comes to managing debt, Ramsey's got the track record and the advice. Whether it scales to $36 trillion? That's above his pay grade.
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Dave Ramsey Was Asked How He'd Handle The Nation's $36 Trillion Debt: 'Oddly Enough, Lowering Taxes Does Work — It Seems Oxymoronic'

Antero Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AR#NYSE">AR</a>) has outperformed the market over the past 5 years by 61.0% on an annualized basis producing an average annual return of 75.0%. Currently, Antero Resources has a market capitalization of $10.68 billion. 
Buying $100 In AR: If an investor had bought $100 of AR stock 5 years ago, it would be worth $2,005.85 today based on a price of $34.31 for AR at the time of writing.
<h3>Antero Resources's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744843510_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Antero Resources 5 Years Ago Would Be Worth Today

Gold has long been a cornerstone of personal finance strategies, prized for its role as a hedge against inflation and economic uncertainty. Investors have two primary avenues to gain exposure to gold: purchasing physical gold or investing in gold exchange-traded funds. 
Each approach offers unique advantages and drawbacks, making the right choice dependent on financial goals, risk tolerance and <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44836846/wall-streets-mood-turns-bleak-as-global-recession-fears-mount-fund-managers-slash-us-exposure">investment horizon.</a>
Physical Gold: Physical gold refers to tangible assets, such as gold bars, coins and jewelry. An investment in physical gold is appealing to some investors as it is independent of banks or financial institutions with no digital records or intermediaries involved. Gold's intrinsic value and historical role as a store of wealth also make it appealing for generational wealth transfer.&nbsp;
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"Amidst the recent stock market turbulence, we're seeing renewed interest in tangible, physical assets that exist outside traditional financial structures," Tim Schmidt, the founder of Gold IRA Custodians,<a href="https://www.cnbc.com/2025/04/11/is-this-a-good-time-to-buy-gold-experts-weigh-in.html"> told </a>CNBC.&nbsp;
However, the costs of secure storage and insurance can be high and the market for physical gold can be relatively illiquid with transactions sometimes incurring delays before a buyer or seller can be found. Also, physical gold does not generate interest or dividends so returns can only be realized when the gold is sold.&nbsp;
Gold ETFs: Investing in a gold-focused <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/04/44836076/gold-fund-inflows-smash-record-with-80-billion-in-2025-these-etfs-are-riding-the-3300-surge">exchange-traded fund </a>can provide investors with exposure to gold's price movements without the need to own or store the metal directly.&nbsp;
"For most [investors], I would say a gold bullion-backed ETF makes the most sense," Sameer Samana, head of global equities and real assets at the Wells Fargo Investment Institute, told CNBC.
Both the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) and iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>), are backed by physical gold bullion held in secure vaults, and each share represents a specific amount of gold. 
Investors can also find exposure to gold through the VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>), tracking the performance of the NYSE Arca Gold Miners Index, and the VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>) which focuses on smaller, early-stage gold miners, offering higher growth potential but increased volatility. 
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Gold Hits New Record Highs As Safe-Haven Demand Climbs: 2 Ways To Invest

Webull Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BULL#NASDAQ">BULL</a>) shares closed Wednesday down more than 11% following a social media post suggesting that lawmakers are pushing for an investigation and <a href="https://www.benzinga.com/25/04/44837898/chinese-stocks-slide-as-trump-tariffs-surge-to-245-sparking-fears-of-price-hikes-and-delistings">potential delisting</a>.
What To Know: Fox Business senior correspondent Charles Gasparino said in an <a href="https://x.com/CGasparino/status/1912592400624611493">X post</a> Wednesday afternoon that lawmakers are ramping up pressure on the U.S. Securities and Exchange Commission to &#8220;investigate and possibly delist&#8221; Chinese discount brokerage firm Webull.
"Webull's deep ties to China have potentially severe national security implications and must be investigated by the SEC,&#8221; Sen.&nbsp;Tommy Tuberville&nbsp;(R-Ala.) reportedly said, according to Gasparino&#8217;s social media post.
The post indicates lawmakers are &#8220;aggressively&#8221; calling on the SEC to investigate the company.
Webull was founded in 2016 by former&nbsp;Alibaba&nbsp;and Xiaomi manager Wang Anquan, according to <a href="https://www.cnbc.com/2025/04/14/webull-stock-soars-in-second-trading-day-after-completing-spac-merger.html">CNBC</a>. Anquan reportedly remains the company's global CEO.
Webull went public via a special purpose acquisition company (SPAC) merger with SK Growth Opportunities on Monday. The stock surged out of the gates and has been extremely volatile since.
The company announced the closing of its business combination with SK Growth Opportunities on Wednesday. Webull also rang the opening bell at the Nasdaq.
&#8220;This next step in our company&#8217;s journey will position us to serve the growing number of experienced, digitally savvy retail investors who demand a more sophisticated retail trading partner that can grow with and serve them over decades,&#8221; said Anthony Denier, group president and U.S. CEO of Webull.
&#8220;Webull&#8217;s advanced trading and investment offerings make us the partner of choice for the next generation of retail investors looking to capitalize on the dynamic world of trading and investment.&#8221;
The news comes as trade tensions continue to rise between the U.S. and China. Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-04-15/chinese-stocks-trading-in-the-us-face-an-old-foe-delisting?embedded-checkout=true">reported</a> this week that Secretary of the Treasury Scott Bessent said all options are &#8220;on the table&#8221; when asked about potential delistings of Chinese stocks amid trade negotiations.
Chinese broker Futu Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) fell nearly 4% on Wednesday and was continuing to move lower in after-hours trading at last check. Other U.S.-listed Chinese stocks have been trending lower in recent sessions as the U.S.-China trade war continues to <a href="https://www.benzinga.com/markets/25/04/44831287/trump-administration-imposes-up-to-245-tariff-on-chinese-imports-amid-intensifying-trade-battle">escalate</a>. The IShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) closed Wednesday down 2.29% at $32.42, and the KraneShares CSI China Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) closed down more than 3% at $30.17.
Webull shares were bouncing back in after-hours trading at the time of writing, up 5.96% at $38.38, according to <a href="http://benzinga.com">Benzinga Pro</a>.
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Photo: <a href="https://www.shutterstock.com/g/tadaimages">Tada Images</a>/Shutterstock.

Government

Global

After-Hours Center

BULL

FUTU

KWEB

What's Going On With Webull Stock?

<a href="https://www.benzinga.com/news/25/03/44238467/warren-buffett-shares-biggest-investing-mistakes-433m-deal-that-cost-berkshire-billions-and-trillion-dollar-tech-stocks-he-missed">Warren Buffett</a> just leapfrogged Bill Gates to become the world&#8217;s sixth-richest person — and he did it the old-fashioned way: patience, discipline, and a mountain of cash. The 94-year-old investing legend has added a jaw-dropping $23 billion to his Fortune this year alone, boosting his net worth to $165 billion, according to the <a href="https://www.bloomberg.com/billionaires/profiles/warren-e-buffett/?utm_source=chatgpt.com">Bloomberg Billionaires Index</a>.
<h2 class="wp-block-heading">Investors Are Clinging to Buffett Like a Lifeboat</h2>
At a time when markets are swinging wildly and Big Tech is taking some heat, investors are turning to Buffett and Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>, BRK.B)) like he&#8217;s a financial North Star. Lountzis Asset Management President Paul Lountzis told <a href="https://www.businessinsider.com/warren-buffett-berkshire-hathaway-stock-market-cash-geico-abel-2025-3">Business Insider</a>, &#8220;Berkshire is a stable, solid ship in a sea of uncertainty right now."
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That stability isn&#8217;t just hype. At the end of 2024, <a href="https://www.berkshirehathaway.com/2024ar/2024ar.pdf">Berkshire had $334.2 billion in cash</a>. The company also holds more than $272 billion in equities — including giants like Apple, Coca-Cola, and American Express.
Buffett has been running the show for 60 years. What started as a failing textile company is now <a href="https://companiesmarketcap.com/berkshire-hathaway/marketcap">a $1 trillion empire</a>. The company now has holdings that span everything from See&#8217;s Candies to BNSF Railway to Precision Castparts.&nbsp;
Berkshire&#8217;s stock has climbed over 5.5 million percent under his leadership — compared to the S&amp;P 500&#8217;s modest 39,000% in the same timeframe, reported by<a href="https://www.businessinsider.com/warren-buffett-berkshire-hathaway-stock-market-cash-geico-abel-2025-3"> Business Insider</a>. That&#8217;s a 20% annualized return for six decades.
One of the recent engines of growth is none other than geico, Berkshire&#8217;s auto insurance arm. After years of lackluster performance, geico roared back in 2024 with a pre-tax underwriting profit of $7.81 billion according to <a href="https://coverager.com/geico-ends-2024-with-7-8-billion-profit/">Coverager</a> — a 114.9% spike.
Trending: The secret weapon in billionaire investor portfolios that you almost certainly don't own yet. <a href="https://www.benzinga.com/money/masterworks">See which asset class has outpaced the S&amp;P 500 (1995-2024) – and with near-zero correlation.</a>
Geico CEO Todd Combs, who helps manage Berkshire&#8217;s investments, has been tightening operations and updating its underwriting processes. In his<a href="https://www.berkshirehathaway.com/letters/2024ltr.pdf"> annual shareholder letter</a> to Berkshire investors, Buffett called geico &#8220;a long-held gem that needed major repolishing&#8221; and praised its turnaround as &#8220;spectacular.&#8221;
That boost helped Berkshire&#8217;s operating earnings soar 71% year-over-year to a record $14.53 billion in the <a href="https://www.berkshirehathaway.com/news/feb2225.pdf">latest quarter</a>, outpacing even the so-called Magnificent 7 tech giants. ​As of the end of 2024, Geico's workforce had been trimmed to 28,247 employees, marking a decrease of more than 10,000 people since 2021.
Buffett&#8217;s strategy has always shone brightest during downturns. Back in 2008, while most investors were panicking, he was striking deals with <a href="https://www.benzinga.com/personal-finance/25/03/44552280/banks-will-never-go-out-of-business-jim-cramer-says-jpmorgan-is-too-cheap-to-ignore-as-it-hits-r">Goldman Sachs</a>, General Electric, Mars, Dow, and Swiss Re. Today, Berkshire&#8217;s $334 billion cash cushion gives Buffett — or, more accurately, his successor — room to repeat that playbook.
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Warren Buffett Surpasses Bill Gates With $165 Billion Fortune – 'Berkshire Is A Stable Ship In A Sea Of Uncertainty'

Eaton Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>) has outperformed the market over the past 5 years by 14.47% on an annualized basis producing an average annual return of 28.47%. Currently, Eaton Corp has a market capitalization of $104.25 billion. 
Buying $100 In ETN: If an investor had bought $100 of ETN stock 5 years ago, it would be worth $345.56 today based on a price of $263.79 for ETN at the time of writing.
<h3>Eaton Corp's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744842612_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Eaton Corp 5 Years Ago Would Be Worth Today

A fresh round of U.S. export restrictions on China&#8217;s AI capabilities has caught NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) off guard, with <a href="https://www.benzinga.com/etfs">ETFs with high exposure to the chip giant</a> are feeling the pain (or gain, in some cases). While Nvidia plummeted 6.87% by market close Wednesday, some semiconductor-themed ETFs moved sharply.
The unexpected regulatory shock, <a href="https://www.benzinga.com/government/regulations/25/04/44845141/nvidia-drags-wall-street-down-gold-defies-gravity-ahead-of-powell-remarks-whats-driving-ma">preventing Nvidia from sending its high-margin H20 AI chips to China</a>, has triggered a broader selloff in the tech-heavy sector, rekindling arguments on geopolitical risk, earnings visibility, and the role of ETFs in escalating such shocks.
Advanced Micro Devices Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) MI308 chips also come under the new licensing regime and fell 6%, adding to the broader pressure across chipmakers.
<h1 class="wp-block-heading">ETF Reaction: Bloodbath For Some, Jackpot For Others</h1>
The ripple effects were most apparent in semiconductor and Nvidia-focused ETFs, many of which took deep intraday losses — while inverse products registered explosive gains.
GraniteShares 2x Short NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVD#NASDAQ">NVD</a>) skyrocketed more than 13% on Wednesday, with short selling in Nvidia paying off during the rout. The fund, providing 2x inverse daily leverage on Nvidia&#8217;s stock, has been a most significant volatility trade during earnings and regulatory events.
Strive U.S. Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHOC#NYSE">SHOC</a>) fell over 4%. SHOC, with its heavy weighting in <a href="https://www.benzinga.com/topic/semiconductors">fabless semiconductor companies</a> such as Nvidia (23% <a href="https://www.strivefunds.com/shoc">weightage</a>) and AMD (4.74% weightage), is especially susceptible to revenue shock from export policy shifts.
VanEck Fabless Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMHX#NASDAQ">SMHX</a>) fell more than 3%, following the general market jitters. Nvidia is one of the key holdings in SMHX, with the biggest weightage of <a href="https://www.vaneck.com/us/en/investments/fabless-semiconductor-etf-smhx/holdings/">21.4%</a>, making it extremely sensitive to any slowdown in AI chip sales.
These movements represent how closely ETFs have become tied to a few megacap tech narratives — rendering them both effective and vulnerable vehicles for sector bets.
<h1 class="wp-block-heading">What Happened?</h1>
Markets soured on Wednesday following the U.S. government&#8217;s decision to tighten <a href="https://www.benzinga.com/topic/tariffs">AI chip exports to China</a> and arms-embargoed countries. Nvidia, whose H20 chips were specifically designed to meet prior export controls, <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0001045810/000104581025000082/nvda-20250409.htm">announced </a>that it will incur a $5.5 billion charge for excess inventory, purchase commitments, and reserves — essentially discounting the failure of its China-facing H20 strategy.
Crafted specifically to meet previous export regulations under the Biden administration, the H20 chip was made China-sale-specific and had enabled Nvidia to keep a firm grip on the market despite continued tensions. In 2024 alone, the chips were estimated to have brought in $12 billion to $15 billion in revenue.
The new measures now make the old playbook dated. AMD also conceded the blow in a Wednesday <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/0000002488/000000248825000039/amd-20250415.htm">report</a>, cautioning that restrictions on its MI308 chips could generate an $800 million revenue blow.
The new regulations — universally regarded as a crackdown on loopholes — will likely impact Nvidia&#8217;s fiscal 2026 revenue by 6%–10%, <a href="https://www.benzinga.com/25/04/44844084/nvidias-h20-chip-ban-could-lead-to-manageable-sales-drop-bank-of-america-says">Bank of America analyst Vivek Arya estimated</a>. While Arya labeled the risks &#8220;manageable&#8221; and reaffirmed a Buy rating with a $160 price target, the market reaction was swift and severe.
Also Read: <a href="https://www.benzinga.com/25/04/44799456/chip-shock-3-hot-semiconductor-etfs-to-watch-as-trumps-tariff-bomb-ticks">Chip Shock: 3 Hot Semiconductor ETFs To Watch As Trump&#8217;s Tariff Bomb Ticks</a>
<h1 class="wp-block-heading">What&#8217;s Next For Nvidia-Focused Funds?</h1>
In spite of the carnage on the day, some analysts are of the view that the sell-off can provide a tactical entry. Bank of America&#8217;s Arya noted Nvidia is currently trading at about 20 times estimated 2025 earnings — less than its historical valuation range of 23x–25x — and that its future GB300 Blackwell Ultra chips have the potential to re-spark the growth story by the second half of 2025.
Yet, near-term volatility is unlikely to fade, especially with geopolitics now a key driver of chipmaker valuations.
ETF investors, meanwhile, face a tough balancing act: whether to double down on U.S. AI chip dominance or hedge against further policy shocks that could derail near-term earnings.
One thing is clear — Nvidia's dominance may still be intact, but its ETF exposure just made a lot more complicated.
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Photo: Shutterstock

NVDA

EA Series Trust Strive U.S. Semiconductor ETF

SHOC

SMHX

Chipwrecked: Nvidia's Export Ban Triggers ETF Meltdown (And One Big Winner)

Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) has outperformed the market over the past 20 years by 6.62% on an annualized basis producing an average annual return of 14.45%. Currently, Microsoft has a market capitalization of $2.77 trillion. 
Buying $100 In MSFT: If an investor had bought $100 of MSFT stock 20 years ago, it would be worth $1,487.63 today based on a price of $372.15 for MSFT at the time of writing.
<h3>Microsoft's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1744841712_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MSFT

$100 Invested In This Stock 20 Years Ago Would Be Worth This Much Today

<a href="https://www.bloomberg.com/news/articles/2025-04-16/alcoa-reports-20-million-tariff-hit-on-imports-from-canada">https://www.bloomberg.com/news/articles/2025-04-16/alcoa-reports-20-million-tariff-hit-on-imports-from-canada</a>

Alcoa Reports $20M Tariff Hit On Imports From Canada- Bloomberg

VTAK

Catheter Precision Negotiating Asset Purchase Agreement With Cardionomic

In the preceding three months, 7 analysts have released ratings for Glaukos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GKOS#NYSE">GKOS</a>), presenting a wide array of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">1</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Glaukos, revealing an average target of $170.86, a high estimate of $200.00, and a low estimate of $140.00. This upward trend is apparent, with the current average reflecting a 4.27% increase from the previous average price target of $163.86.
<img src="https://www.benzinga.com/files/images/story/2025/1744840876_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Glaukos. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;---------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Anthony Petrone &#x7C;Mizuho &#x7C;Lowers &#x7C;Outperform &#x7C; $175.00&#x7C;$200.00 &#x7C; 
&#x7C;Matt O'Brien &#x7C;Piper Sandler &#x7C;Lowers &#x7C;Overweight &#x7C; $165.00&#x7C;$180.00 &#x7C; 
&#x7C;Richard Newitter &#x7C;Truist Securities &#x7C;Lowers &#x7C;Buy &#x7C; $140.00&#x7C;$185.00 &#x7C; 
&#x7C;Larry Biegelsen &#x7C;Wells Fargo &#x7C;Raises &#x7C;Overweight &#x7C; $160.00&#x7C;$153.00 &#x7C; 
&#x7C;David Saxon &#x7C;Needham &#x7C;Raises &#x7C;Buy &#x7C; $176.00&#x7C;$149.00 &#x7C; 
&#x7C;Anthony Petrone &#x7C;Mizuho &#x7C;Raises &#x7C;Outperform &#x7C; $200.00&#x7C;$140.00 &#x7C; 
&#x7C;Matt O'Brien &#x7C;Piper Sandler &#x7C;Raises &#x7C;Overweight &#x7C; $180.00&#x7C;$140.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Glaukos. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Glaukos compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Glaukos's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/GKOS/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Glaukos analyst ratings.</a>
<h2>Discovering Glaukos: A Closer Look</h2>
Glaukos Corp is an ophthalmic pharmaceutical and medical technology company focused on developing novel, dropless therapies and commercializing associated products for the treatment of glaucoma, corneal disorders, and retinal diseases. It has commenced commercialization activities for iDose TR, a first-of-its-kind, long-duration, intracameral procedural pharmaceutical implant designed to continuously deliver glaucoma drug therapy inside the eye for extended periods of time. The company also offer commercially a proprietary bio-activated pharmaceutical therapy for the treatment of a rare corneal disorder, keratoconus. It has three primary commercialized micro-scale surgical device products designed to treat glaucoma: the iStent, the iStent inject W, and the iStent infinite.
<h3>Glaukos: Financial Performance Dissected</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Over the 3M period, Glaukos showcased positive performance, achieving a revenue growth rate of 28.09% as of 31 December, 2024. This reflects a substantial increase in the company's top-line earnings. When compared to others in the Health Care sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Glaukos's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -31.83%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -4.68%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Glaukos's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -3.53%, the company may face hurdles in achieving optimal financial returns.
Debt Management: With a below-average debt-to-equity ratio of 0.13, Glaukos adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>What Are Analyst Ratings?</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

GKOS

Forecasting The Future: 7 Analyst Projections For Glaukos

9 analysts have shared their evaluations of MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">2</td>
<td align="right">5</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">5</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $47.78, a high estimate of $60.00, and a low estimate of $36.00. Surpassing the previous average price target of $46.22, the current average has increased by 3.38%.
<img src="https://www.benzinga.com/files/images/story/2025/1744840865_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of MGM Resorts International by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
&#x7C; Analyst &#x7C; Analyst Firm &#x7C; Action Taken &#x7C; Rating &#x7C;Current Price Target&#x7C; Prior Price Target &#x7C; 
&#x7C;--------------------&#x7C;--------------------&#x7C;---------------&#x7C;-----------------&#x7C;--------------------&#x7C;--------------------&#x7C; 
&#x7C;Stephen Grambling &#x7C;Morgan Stanley &#x7C;Lowers &#x7C;Equal-Weight &#x7C; $36.00&#x7C;$37.00 &#x7C; 
&#x7C;Stephen Grambling &#x7C;Morgan Stanley &#x7C;Raises &#x7C;Equal-Weight &#x7C; $41.00&#x7C;$39.00 &#x7C; 
&#x7C;Chad Beynon &#x7C;Macquarie &#x7C;Maintains &#x7C;Outperform &#x7C; $50.00&#x7C;$50.00 &#x7C; 
&#x7C;George Choi &#x7C;Citigroup &#x7C;Raises &#x7C;Buy &#x7C; $50.00&#x7C;$48.00 &#x7C; 
&#x7C;Daniel Politzer &#x7C;Wells Fargo &#x7C;Raises &#x7C;Overweight &#x7C; $46.00&#x7C;$44.00 &#x7C; 
&#x7C;Jordan Bender &#x7C;JMP Securities &#x7C;Maintains &#x7C;Market Outperform&#x7C; $50.00&#x7C;$50.00 &#x7C; 
&#x7C;Brandt Montour &#x7C;Barclays &#x7C;Raises &#x7C;Overweight &#x7C; $47.00&#x7C;$45.00 &#x7C; 
&#x7C;Ben Chaiken &#x7C;Mizuho &#x7C;Raises &#x7C;Outperform &#x7C; $60.00&#x7C;$56.00 &#x7C; 
&#x7C;Steven Wieczynski &#x7C;Stifel &#x7C;Raises &#x7C;Buy &#x7C; $50.00&#x7C;$47.00 &#x7C;
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to MGM Resorts International. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of MGM Resorts International compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for MGM Resorts International's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of MGM Resorts International's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MGM/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on MGM Resorts International analyst ratings.</a>
<h2>Get to Know MGM Resorts International Better</h2>
MGM Resorts is the largest resort operator on the Las Vegas Strip with 37,000 guest rooms and suites, representing about one fourth of all units in the market. The company's Vegas properties include MGM Grand, Mandalay Bay, Park MGM, Luxor, New York-New York, and Bellagio. The Strip contributed approximately 59% of total EBITDAR in 2024. MGM also owns US regional assets, which represented a low 20s share of 2024 EBITDAR (MGM's Macao EBITDAR was 21% of the total in 2024). MGM's US sports and i-gaming operations are currently a high-single-digit percentage of its total revenue. The company also operates the 56%-owned MGM China casinos with a new property that opened on the Cotai Strip in early 2018. We estimate MGM will open a resort in Japan in 2030.
<h3>Understanding the Numbers: MGM Resorts International's Finances</h3>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Challenges: MGM Resorts International's revenue growth over 3M faced difficulties. As of 31 December, 2024, the company experienced a decline of approximately -0.66%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: MGM Resorts International's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 3.55%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): MGM Resorts International's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.94% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): MGM Resorts International's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.36%, the company may face hurdles in achieving optimal financial performance.
Debt Management: MGM Resorts International's debt-to-equity ratio is below the industry average. With a ratio of 10.45, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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