La chaîne d'options affiche les données clés des options sur actions de TMC The Metals Co à différents prix d'exercice et dates d'expiration. Les traders utilisent ces informations pour analyser les transactions potentielles et évaluer le sentiment du marché pour TMC The Metals Co..

TMC The Metals Co (NASDAQ:TMC) Stock, Chaîne d'Options

TMC Metals

TMC The Metals Co Inc is a deep-sea minerals exploration company focused on the collection, processing, and refining of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone (CCZ). Polymetallic nodules are discrete rocks that sit unattached to the seafloor, occur in notable quantities in the CCZ, and have high concentrations of nickel, copper, cobalt, and manganese in a single rock. The company believes these four metals contained in the polymetallic nodules are critical for energy infrastructure and industrial manufacturing. The Company's business consists of only one operating segment, namely exploration of seafloor polymetallic nodules, which includes the development of a metallurgical process to treat such seafloor polymetallic nodules.

WIIM

ARM Holdings shares are trading higher after Exane BNP Paribas upgraded the stock from Neutral to Outperform and raised its price target from $110 to $210.

J.P. Morgan Asset Management is adding a global flavor to its <a href="https://www.benzinga.com/etfs">options-based ETF</a> family. The company launched the JPMorgan International Hedged Equity Laddered Overlay ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOLA#NYSE">HOLA</a>) on Monday, a fund intended to produce income from foreign equities while mitigating downside risk through a laddered options overlay.
If the ticker didn&#8217;t tip it off, this ETF would like to welcome volatility with open arms&#8230; and a hedge.
Also Read: <a href="https://www.benzinga.com/etfs/new-etfs/25/07/46402939/higher-yields-without-junk-bonds-reckoners-new-etf-offers-new-spin-on-clos">Higher Yields Without Junk Bonds: Reckoner&#8217;s New ETF Offers New Spin On CLOs</a>
<h2 class="wp-block-heading">Hedged Exposure, Global Reach</h2>
HOLA pairs a diversified portfolio of international stocks with a laddered options strategy to cushion investors from sudden market plunges. It&#8217;s patterned after JPMorgan&#8217;s U.S.-centric JPMorgan Hedged Equity Laddered Overlay ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HELO#NYSE">HELO</a>), which experienced high investor demand for its defined-risk investment strategy during volatile times.
According to the prospectus, the equity selection procedure of HOLA utilizes a proprietary model that favors both overvalued and undervalued stocks. Still, the fund seeks to widely track the MSCI EAFE Index, maintaining regional and sectoral diversification while attempting to outperform the benchmark on a risk-adjusted return basis.
The starting-line top holdings are familiar global giants like ASML Holding NV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>), Nestle, Shell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>), and AstraZeneca (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>).
Geographically, HOLA leans strongly toward Europe (67.4%), with a large weighting to Japan (21.6%) and Asia-Pacific (9.7%)—including Australia, Hong Kong, Singapore, Macau, and New Zealand.
The ETF has an expense ratio of 0.50% and is actively managed.
HOLA's defining feature is its laddered options overlay, which layers protective puts with staggered expiration dates across the portfolio. This strategy is designed to reduce drawdowns without entirely capping upside, an approach that&#8217;s gaining traction as investors seek stability in uncertain markets.
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SHEL

JPMorgan Goes Global With HOLA ETF—Stocks Plus Built‑In Crash Protection

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BTCS

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FUFU

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MAWSON INFRSTRUCTURE GRP by Mawson Infrastructure Group Inc.

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Shares of crypto-related stocks are moving higher amid ongoing volatility as Congress votes on bills related to the digital asset during 'Crypto Week'.

Exane BNP Paribas analyst David O'Connor upgrades ARM Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) from Neutral to Outperform and raises the price target from $110 to $210.

News

Upgrades

Price Target

Analyst Ratings

Exane BNP Paribas Upgrades ARM Holdings to Outperform, Raises Price Target to $210

Robinhood Markets Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares hit new all-time highs on Wednesday. Here&#8217;s a look at what&#8217;s been <a href="https://www.benzinga.com/markets/tech/25/07/46419665/cramers-parc-playbook-robinhoods-breakout-potential-outshines-the-meme-stock-pack">driving the momentum</a>.
What To Know: Robinhood shares have rallied more than 8.5% over the past week, buoyed by positive analyst coverage in recent days. 
JMP Securities analyst Devin Ryan maintained Robinhood with a <a href="https://www.benzinga.com/analyst-stock-ratings">Market Outperform</a> rating on Monday and raised the price target from&nbsp;$70&nbsp;to&nbsp;$125. On Tuesday, Morgan Stanley maintained an Equal-Weight rating and significantly lifted its target from&nbsp;$43&nbsp;to&nbsp;$110. Piper Sandler also maintained an Overweight rating and raised its price target from&nbsp;$70&nbsp;to&nbsp;$110.
The sizable price target increases come as Robinhood shares have more than doubled since the company last reported quarterly results. Robinhood is due to report second-quarter earnings at the end of the month. Analysts are forecasting earnings of 30 cents per share and revenue of $898.95 million, according to estimates from <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Robinhood reports operating metrics on a monthly basis. The company said last month that total platform assets climbed 10% in May to $255 billion, up 89% on a year-over-year basis. Funded customers grew to 25.9 million at the end of the month, up about 5,000 from April and up 1.8 million from May 2024.
Robinhood also provided an update for June at the end of last month. The company said equity notional trading volumes totaled&nbsp;$142 billion from June 1 to June 24. Options contracts traded were approximately 132 million for the period and crypto notional trading volumes were approximately $7 billion. 
The recent momentum in broader crypto markets has likely contributed to some of the optimism surrounding Robinhood stock. Robinhood <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46351536/you-can-stake-ethereum-solana-on-robinhood-but-is-it-worth-the-25-cut">announced</a> staking services for Ethereum and Solana last week as the company continues to expand its crypto offerings. 
Robinhood is also thought to be a potential candidate for potential S&amp;P 500 inclusion. Despite trading lower multiple times this month after other companies were added to the index, the stock continues to power to new highs.
Robinhood stock has a strong momentum score of 98.57, according to Benzinga Edge rankings <a href="https://www.benzinga.com/quote/HOOD">data</a>. 
HOOD Price Action: Robinhood shares hit all-time highs of $104.16 in Wednesday&#8217;s session before pulling back a bit. The stock was up 3.35% at $102.87 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
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Photo: NRSPro/Shutterstock.com

Movers

HOOD

Robinhood Stock Hits All-Time Highs Wednesday: What's Going On?

Over the past few years, the potential uses of generative AI, both positive and negative, have been talked to death. However, there's one application of the technology that small business owners are saying is often overlooked: the deepfake economy.
Several small business owners told <a href="https://www.businessinsider.com/america-small-business-owners-swamped-by-scammers-generative-ai-2025-7">Business Insider</a> that since ChatCPT's debut three years ago, the deepfake economy has blown up. Now, scammers are using these deepfakes to pose as employees of a company, running cons that are wreaking havoc on the brands' reputations and bottom lines.
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An unnamed finance clerk at engineering firm Arup told the outlet about a time he joined a video call with his AI versions of colleagues. One of these "colleagues," supposedly the company's chief financial officer, asked him to approve a series of overseas transfers worth more than $25 million. Believing that the request came from his boss, the finance clerk approved the transactions. Only after the money had been sent did he learn that the colleagues were actually deepfake recreations of his real coworkers.
The finance clerk isn't the only one being deceived by these impressionists. According to data from <a href="https://www.trmlabs.com/resources/blog/ai-enabled-fraud-how-scammers-are-exploiting-generative-ai#:~:text=Deepfake%20scams%20are%20the%20most,%2Dyour%2Dbitcoin%E2%80%9D%20scam.">Chinabuse</a>, TRM Labs' open-source fraud reporting platform, generative AI-enabled scams rose by 456% between May 2024 and April, when compared with the same period the year before.
Another survey from<a href="https://news.nationwide.com/download/4520bab6-d4da-4603-9e6f-e5ed4c0a8a99/nationwideagencycybersecurityreport2024.pdf?utm_source=NWNewsroom&amp;utm_medium=Newsroom&amp;utm_campaign=NWNewsroom"> Nationwide Insurance</a> released in September found that 12% of small business owners had faced at least one deepfake scam within the previous year. Small businesses, the survey said, are more likely to fall victim to these types of scams because they lack the cybersecurity infrastructure of larger companies.
Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — <a href="https://www.benzinga.com/money/finally-a-fully-automated-trading-platform-for-individual-investors?">You Can Become an Investor for Just $500.25</a>
Rob Duncan, vice president of strategy at Netcraft, told Business Insider that he isn't surprised at the increase in highly personalized attacks against small businesses. Generative AI has made it much easier for inexperienced scammers to pose as brands and launch these scams. As AI continues to improve, "attackers can more easily spoof employees, fool customers, or impersonate partners across multiple channels," he said.&nbsp;
Many of the platforms used by small businesses, like Teams and Zoom, are getting better at detecting AI and weeding out accounts that don't have real people behind them. However, many experts worry that improved detection tools are making the AI problem worse.
Beyond Identity&nbsp; CEO Jasson Casey told Business Insider that the data collected by platforms like Zoom and Teams is not only used to suss out deepfakes but to train sophisticated AI models. This creates a vicious cycle that becomes "an arms race defenders cannot win.&#8221;
See Also: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die."<a href="https://www.benzinga.com/money/warren-buffet-make-money-when-you-sleep"> Here&#8217;s how you can earn passive income with just $10.</a>
Casey and Robin Pugh, the executive director of non-profit Intelligence for Good, say that small businesses can best protect themselves from deepfake scams by focusing on confirming identities rather than disproving AI use. They also warn that these generative AI-based scams will not be going away anytime soon.
Nina Etemadi, cofounder of a Philadelphia-based small business named Cake Life Bake Shop, agrees, telling Business Insider, &#8220;Doing business online gets more necessary and high risk every year. AI is just part of that."
Read Next: Many are using retirement income calculators to check if they&#8217;re on pace —<a href="https://www.benzinga.com/money/how-do-i-calculate-my-retirement-income-adv"> here&#8217;s a breakdown on what&#8217;s behind this formula.</a>
Image: Shutterstock

How Generative AI's 'Deepfake Economy' Is Hobbling Small Businesses

Simon Property Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPG#NYSE">SPG</a>) has outperformed the market over the past 5 years by 7.5% on an annualized basis producing an average annual return of 21.35%. Currently, Simon Property Group has a market capitalization of $52.01 billion. 
Buying $100 In SPG: If an investor had bought $100 of SPG stock 5 years ago, it would be worth $265.42 today based on a price of $159.39 for SPG at the time of writing.
<h3>Simon Property Group's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752683415_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

Here's How Much $100 Invested In Simon Property Group 5 Years Ago Would Be Worth Today

<a href="https://www.bloomberg.com/news/articles/2025-07-16/when-will-google-announce-the-pixel-10-august-20-what-s-new-about-the-pixel-10?srnd=homepage-americas&amp;embedded-checkout=true">https://www.bloomberg.com/news/articles/2025-07-16/when-will-google-announce-the-pixel-10-august-20-what-s-new-about-the-pixel-10?srnd=homepage-americas&amp;embedded-checkout=true</a>

General

GOOG

GOOGL

'Google to Unveil New Pixel Hardware on Aug. 20 With AI in Focus'- Bloomberg

• Provides Protection Through Sept. 2044; Will Be Listed in FDA's Orange Book
CONSHOHOCKEN, Pa., July 16, 2025 (GLOBE NEWSWIRE) -- Madrigal Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDGL#NASDAQ">MDGL</a>), a biopharmaceutical company focused on delivering novel therapeutics for metabolic dysfunction-associated steatohepatitis (MASH), today announced that the United States Patent and Trademark Office (USPTO) has issued a Notice of Allowance covering the FDA-approved use of Rezdiffra&#x2122; (resmetirom), the first and only FDA-approved treatment for adults with noncirrhotic MASH (also known as NASH) with moderate to advanced liver fibrosis.
The Notice of Allowance includes claims directed to Rezdiffra's commercial weight-threshold dosing regimen as prescribed in the FDA-approved label. The U.S. patent scheduled to issue from this application provides protection through Sept. 30, 2044, and will be listed in the FDA's Approved Drug Products with Therapeutic Equivalence Evaluations, commonly known as the Orange Book.

Biotech

MDGL

Reported Earlier: Madrigal Secures U.S. Patent For Rezdiffra, Extends Protection Through 2044 And Listed In FDA Orange Book

NIO Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) shares are <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">trading lower on Wednesday</a>.
According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, the Shanghai-based company&#8217;s stock has lost over 18% in the past year.
NIO faces pressure from aggressive expansion and cost-cutting amid fierce EV price wars in China. Per a recent <a href="https://economictimes.indiatimes.com/news/international/us/nio-crashes-21-in-2025-whats-dragging-down-the-ev-darling-heres-what-you-need-to-know-nio-stock-latest-news-ev-news/articleshow/122517606.cms?from=mdr" target="_blank" rel="noreferrer noopener">report </a>by The Economic Times, the EV makers&#8217; push into two sub-brands comes as competition drives margins lower.
Also Read: <a href="https://www.benzinga.com/trading-ideas/movers/25/07/46397924/lucid-stock-sinks-in-2025-whats-driving-the-decline" target="_blank" rel="noreferrer noopener">Lucid Stock Sinks In 2025: What&#8217;s Driving The Decline?</a>
Meanwhile, NIO aims to enhance the performance of its upcoming third-generation ES8 SUV. According to <a href="https://cnevpost.com/2025/07/15/nio-new-es8-same-102-kwh-battery-et9/">CnEV Post</a>, the company is adopting the same high-capacity battery pack used in its flagship sedan, the ET9.
The new ES8 will feature a 102-kWh battery, the report adds. It boasts a range of 635 kilometers under the CLTC testing cycle.
The SUV has a curb weight of 2,630 kilograms, with the battery alone accounting for 545 kilograms. This results in an energy density of 187 Wh/kg. Regulatory filings confirm that this is the same pack used in the ET9. NIO's website lists the sedan's capacity as 100 kWh.
NIO recently rescheduled its annual NIO Day event for the fall, instead of year-end, to align with fourth-quarter sales momentum.
The company will launch its third-generation ES8 during the event as the brand's premium three-row SUV offering.
The vehicle, as included in MIIT filings, reveals larger dimensions than the prior version and is available in six- and seven-seat layouts.
The next-gen ES8 measures 5,280 mm in length, 2,010 mm in width, and 1,800 mm in height, with a wheelbase of 3,250 mm—noticeably larger than its predecessor. The battery, a ternary lithium type, is supplied by CATL.
NIO's battery swap stations currently support 75-kWh and 100-kWh packs, with limited 150-kWh semi-solid-state versions available on a rental basis.
The regulatory documents suggest NIO may standardize the 100-kWh pack for the ES8's base model, likely to preempt complaints regarding limited range in earlier configurations.
Investors can gain exposure to the stock via Invesco Golden Dragon China ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGJ#NASDAQ">PGJ</a>).
Price Action: NIO shares are trading lower by 5.63% to $4.021 at last check Wednesday.
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Image: Shutterstock

Equities

Markets

PowerShares Golden Dragon Halter USX China Portfolio

What Going On With NIO Stock Today?

President Donald Trump's unexpected late-night intervention to revive stalled cryptocurrency legislation has re-energized what many in the industry see as a defining moment for <a href="https://www.benzinga.com/news/politics/25/07/46435915/trump-says-11-of-12-republicans-needed-now-support-stablecoin-bill-after-earlier-setback-theyve-all-agreed-to-vote-in-favor">digital assets in the United States</a>.
What Happened: After a failed procedural vote earlier in the day threatened the fate of three major crypto-related bills, Trump convened 11 key Republican lawmakers in the Oval Office.
By the end of the meeting, he announced that all had agreed to support the legislation in a renewed vote scheduled for the following morning.
The move sent a powerful signal to both markets and lawmakers that digital assets are no longer relegated to the political margins. 
Trump's involvement, according to several industry leaders, underscores the rising relevance of crypto in national policy and global competition.
"This shows crypto is no longer a fringe topic," Michael Gord, CEO of GDA Capital told Benzinga. 
He noted that Trump's decision to apply political pressure turned what was previously a partisan debate into a broader economic strategy. 
"By pressing conservative Republicans to back these bills, he's sending a message to markets that digital assets are becoming a serious geopolitical lever."
The bills in question — the GENIUS Act, the Clarity Act, and the Anti-CBDC Surveillance Act — form the core of a broader Republican effort dubbed "Crypto Week." 
Collectively, they aim to provide much-needed regulatory clarity around stablecoins, delineate the roles of the SEC and CFTC in overseeing digital assets, and limit the development of a central bank digital currency.
Supporters argue these laws could finally allow U.S. institutions and developers to operate under a clear legal framework — a factor long cited as a barrier to investment.
"The United States will grow more rapidly," said Przemysław Kral, CEO of Zondacrypto, pointing to the regulatory pause following the collapse of FTX and years of enforcement-led policymaking. 
Kral compared the moment to the early years of the internet, saying that far from limiting crypto's appeal, clear rules will accelerate its integration with traditional finance.
The path to this point, however, was far from smooth. 
Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/07/46443944/100m-in-pac-funding-but-still-no-crypto-laws-what-coinbase-wants-washington-to-know">$100M In PAC Funding, But Still No Crypto Laws — What Coinbase Wants Washington To Know</a>
Why It Matters: Earlier in the day, several conservative Republicans joined with Democrats to block the bills over procedural disagreements.
While the setback sent shares of crypto firms tumbling, House Speaker Mike Johnson maintained that further negotiations would continue and they did, with Trump stepping in personally.
That level of engagement from the Oval Office, said Tory Green, Co-Founder of io.net, reflects the reality of how progress is often made in Washington. 
"The headlines might focus on political muscle, but the core takeaway is that pragmatic lawmaking sometimes means real negotiation," he said. 
Green sees the proposed rules as laying the groundwork for open and accountable digital innovation — especially in emerging sectors like decentralized AI.
As the bills return for a new vote, industry leaders are watching closely. 
Michael Cameron, Co-Founder of Superb, emphasized the symbolic importance: "It's not clarity yet, but it's a shift from ‘we don't want you' to ‘ok, maybe.' And that matters."
Even if full implementation takes time, the short-term implications could be significant. 
Tom Gillingham, VP of Growth &amp; Strategy at Circuit, said passage of the GENIUS Act would provide something the industry has long craved: "Clarity and federal-level seriousness."
The GENIUS Act, in particular, sets guardrails for stablecoin issuers and limits the scope of discretionary enforcement — moves that are expected to unlock more mainstream financial participation. 
Green added that these provisions would shift competition among stablecoin providers toward transparency and reliability, rather than regulatory arbitrage.
And while the bills still face Senate deliberation, Trump's involvement may have reshaped the trajectory. 
As Cameron put it: "Love him or hate him, when Trump steps in, stuff tends to move."
With bipartisan momentum gathering and investor optimism cautiously rising, the crypto industry is now on the verge of securing the regulatory clarity it has sought for over a decade.
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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Inside Trump's Oval Office Crypto Push: Why Did 11 Republicans Suddenly Change Their Vote?

SBET

SharpLink Gaming shares are trading higher amid continued strength after the company recently provided updates on its ETH holdings and staking protocols.

<a href="https://x.com/Capitol_Forum/status/1945518260788637865" title="https://x.com/Capitol_Forum/status/1945518260788637865">https://x.com/Capitol_Forum/status/1945518260788637865</a>

The Capitol Forum Posts On X "Novo Nordisk: Company Did Not Report or Investigate Deaths Potentially Caused by Ozempic"

Wells Fargo analyst Aaron Rakers maintains Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) with a Overweight and raises the price target from $120 to $185.

Wells Fargo Maintains Overweight on Advanced Micro Devices, Raises Price Target to $185

Video game retailer GameStop Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) was involved in one of the most <a href="https://www.benzinga.com/general/gaming/23/01/30412695/gamestop-short-squeeze-anniversary-a-look-back-at-david-vs-goliath-battle-and-whats-next">famous short squeezes</a> of all time, but the short sellers betting against the stock aren't scaring away investor and CEO Ryan Cohen.
What Happened: Cohen disclosed a 9% stake in GameStop<a href="https://www.benzinga.com/general/gaming/25/01/43342224/ryan-cohen-moves-gamestop-shares-to-personal-name-sparking-speculation-on-next-steps"> in August 2020</a> and later increased his stake in the company to 13% later that year. The former Chewy founder became chairman of the company in June 2021 and was announced as CEO in September 2023.
Cohen said he was fascinated by the amount of hatred towards investing in GameStop, even before he made his own investment.
"There's always been a lot of people on the other side of the trade," Cohen told Charles Payne in a recent Fox Business <a href="https://x.com/PhantomBlack699/status/1945189627599474859">interview</a>.
Cohen and other retail traders were able to initiate a large short squeeze as hedge funders and big investors bet against GameStop in early 2021. While the number of short sellers against GameStop has declined, around 18.9% of the company's float is short today.
 Cohen said he doesn't have much respect for short sellers who are betting on someone's failure. "I think it&#8217;s un-American to bet against business, but it's a free market."
He said short sellers could ultimately need a cover on their position, which could be a good thing as well.
While Cohen is against short sellers, he said it's fine if people are on the other side. "I'm not scared of the short sellers. They can short the stock."
Cohen said he spends his time focusing on running the business, rather than on short sellers.
"The stock will take care of itself."
Read Also: <a href="https://www.benzinga.com/markets/earnings/25/06/45872536/gamestop-q1-earnings-revenue-misses-despite-collectibles-growth-eps-beats-retailer-adds-4710-bitcoin">GameStop Q1 Earnings: Revenue Misses Despite Collectibles Growth, EPS Beats, Retailer Adds 4,710 Bitcoin</a>
What's Next: Cohen covered numerous topics during his interview, including where the company is headed, if GameStop will pay dividends, why trading cards matter and why the company is investing in Bitcoin.
He recalled that his initial investment in GameStop was a passive one before he was asked to join the Board of Directors. Cohen then saw the need to clean out the boardroom and cut costs.
Today, GameStop has fewer stores but is a more profitable company, according to Cohen. "We're generating profits every single quarter now." 
Cohen added that the retail business is now profitable, which has led to a shift in focus away from hardware to collectibles, such as trading cards, which he said are much more durable.
"We've come a long way."
On the subject of dividends, Cohen said there are tax implications to consider, and it might be better to keep the money in the company and look for the next "right opportunity."
GME Price Action: GameStop stock was up 0.6% to $23.36 on Wednesday versus a 52-week trading range of $18.73 to $35.81. GameStop stock is down 23.8% year-to-date in 2025. Over the last five years, GameStop&#8217;s stock has increased by over 2,250%.
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After years of underperformance and with prices stuck at levels not seen since the global financial crisis, the real estate sector is flashing <a href="https://www.benzinga.com/real-estate">signals of extreme weakness. </a>
The numbers are brutal. The Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>), a bellwether for U.S. real estate stocks, has underperformed the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) by 5% so far in 2025. 
That marks the ninth time in the past 10 years that the sector has lagged the broader market.
Compared to its 2007 highs relative to the S&amp;P 500, real estate has lost about 75% of its value in relative terms. 
That&#8217;s a wipeout worse than the 2008 housing crisis, and yet, the sector remains largely unloved by investors.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="556" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16105338/image-74-1-1024x556.png" alt="" class="wp-image-988061" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16105338/image-74-1-1024x556.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16105338/image-74-1-300x163.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16105338/image-74-1-768x417.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16105338/image-74-1-1536x834.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16105338/image-74-1-2048x1112.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h2 class="wp-block-heading">Are Real Estate Stocks Cheap Now?</h2>
Surprisingly, no. Despite the steep underperformance, real estate stocks aren't trading at bargain-bin prices.
As of July 16, the trailing price-to-earnings (P/E) ratio for the S&amp;P 500 real estate sector stood at 35.04—second only to tech, which trades at 35.48. 
Even more telling, the forward P/E ratio stands at 36.23, just below its five-year average of 36.70.
So, while prices may look beaten down on the chart, valuations suggest this isn't a classic deep-value play. It's more of a waiting game for the right macro catalyst.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<thead>
<tr>
<th>Sector</th>
<th>Trailing 12-Month P/E Ratio</th>
</tr>
</thead>
<tbody>
<tr>
<td>Information Technology</td>
<td>35.48</td>
</tr>
<tr>
<td>Real Estate</td>
<td>35.04</td>
</tr>
<tr>
<td>Consumer Discretionary</td>
<td>26.64</td>
</tr>
<tr>
<td>Industrials</td>
<td>26.07</td>
</tr>
<tr>
<td>Health Care</td>
<td>25.28</td>
</tr>
<tr>
<td>Materials</td>
<td>25.16</td>
</tr>
<tr>
<td>Consumer Staples</td>
<td>22.87</td>
</tr>
<tr>
<td>Utilities</td>
<td>20.71</td>
</tr>
<tr>
<td>Communication Services</td>
<td>20.08</td>
</tr>
<tr>
<td>Financials</td>
<td>17.33</td>
</tr>
<tr>
<td>Energy</td>
<td>15.37</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Housing Data Paints A Gloomy Picture</h3>
Fundamentals in the real economy haven't helped sentiment.
U.S. housing starts fell by a sharp 9.8% in May to an annualized pace of 1.256 million units—the lowest since May 2020, back when the country was grappling with the pandemic's first wave. The drop reflects weakening builder confidence as high mortgage rates and excess housing inventory take their toll.
Meanwhile, mortgage applications—a leading indicator of future housing activity—plunged 10% in early July, completely reversing the prior week's gain. Refinancing activity fell by 12%, and applications for new home purchases slipped 7%, according to the Mortgage Bankers Association.
This was the steepest weekly drop in nearly three months, amplified by a modest uptick in mortgage rates and a general atmosphere of economic caution.
<h3 class="wp-block-heading">Could Rate Cuts Spark A Reversal?</h3>
That's the real hope for real estate bulls.
Over the past three years, real estate stocks have consistently lagged the broader market, closely mirroring the climb in 30-year Treasury yields—a trend clearly illustrated in the chart below. 
As long-term borrowing costs rose, interest rate-sensitive sectors, such as real estate, struggled under the weight of higher financing costs, weaker demand for mortgages, and declining investor appetite for income-generating assets.
However, rate cuts aren't expected until later this year. 
The Federal Reserve is widely expected to keep rates steady at 4.25–4.50% in July, yet market participants are pricing in two cuts by the end of the year. If that plays out—and borrowing costs fall—it could be the spark that reignites interest in the rate-sensitive real estate sector.
Falling rates would lower financing costs for developers, reduce mortgage rates for homebuyers, and potentially stimulate demand across commercial and residential markets. 
In turn, that could breathe life back into real estate stocks, especially those tied to rental income or property development.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="560" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16110658/image-200-1024x560.png" alt="" class="wp-image-988092" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16110658/image-200-1024x560.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16110658/image-200-300x164.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16110658/image-200-768x420.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16110658/image-200-1536x840.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/07/16110658/image-200-2048x1120.png 2048w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Currently, real estate is a sector that nobody seems to want.
It's trailing the market, missing the AI-fueled tech rally, and pricing in a stagnant future. However, if rate cuts occur and economic fears subside, sentiment could shift rapidly.
For contrarian investors, this may not be the perfect setup, but it could be good enough to start paying attention.
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Image created using artificial intelligence via Midjourney.

REIT

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Econ #s

Real Estate

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Management

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