Arrow Investments Trust Arrow DWA Tactical ETF (BATS: DWAT)

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Arrow DWA Tactical ETF

Arrow Investments Trust Arrow DWA Tactical ETF

Tesla Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) recent achievement in passing a significant milestone for its full self-driving (FSD) technology in China sparked discussions among <a href="https://www.benzinga.com/quote/TSLA/news">investors and enthusiasts</a>. 
The news, which caused Tesla&#8217;s share price to spike more than 15% on Monday, comes as the electric car maker continues to navigate the competitive Chinese market.
Related: <a href="https://www.benzinga.com/markets/equities/24/04/38485399/tesla-skyrockets-about-10-in-premarket-whats-fueling-the-dramatic-rally">Tesla Skyrockets About 10% In Premarket: What&#8217;s Fueling The Dramatic Rally?</a>
<h1 class="wp-block-heading">Strategic Win For Tesla</h1>
The breakthrough in China raises expectations that Tesla&#8217;s FSD technology will soon be available in the country. China is Tesla&#8217;s largest market for electric vehicles.
Investors see this move as a strategic win for Tesla. Especially since it comes at a time when it is facing stiff competition from local rivals such as BYD Co Ltd (OTCPK:BYDDF) (OTCPK:BYDDY), Nio Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), and Xpeng Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>).
However, some investors remain cautious about the impact of this development on Tesla&#8217;s stock.
<h1 class="wp-block-heading">May Not Be The Catalyst To Drive Further Gains, Says Redditor</h1>
The Redditor known as Puginator <a href="https://www.reddit.com/r/stocks/comments/1cfwypc/tesla_jumps_10_in_premarket_trade_after_passing/">posted on r/stocks</a>, sharing his opinion on the news. He highlighted that while Tesla&#8217;s stock saw a significant jump, this may not be the catalyst to drive further gains. 
Others echoed similar sentiments. Two Redditors pointed out previous announcements by Tesla, such as the unveiling of Tesla 2 and the promise of robotaxis, did not have a significant impact on the stock price.
Despite the skepticism, some believe Tesla&#8217;s move to bring its FSD technology to China could have broader implications.
<h1 class="wp-block-heading">Broader Implications Of Tesla&#8217;s FSD Nod</h1>
Redditor Decent-Photograph391 suggested China&#8217;s decision to allow Tesla&#8217;s FSD could be a strategic move to smooth over Chinese EVs&#8217; entry into the U.S. market. By allowing Tesla&#8217;s FSD, China may be positioning itself favorably in the global EV market, leveraging its ability to make quick decisions and allocate resources effectively. 
<blockquote class="wp-block-quote">&#8220;I have a different take. China is allowing it to smooth over Chinese EV's entry into the US market.
They figure it's no big loss to allow Tesla's &#8216;FSD,&#8217; as it won't hurt the Chinese in their domestic market as few people make buying decisions based on driving assistance. BYDs are selling just fine without investing too much into it.&#8221;
<cite>&#8212;<a href="https://www.reddit.com/r/stocks/comments/1cfwypc/comment/l1s3r3w/?utm_source=share&amp;utm_medium=web3x&amp;utm_name=web3xcss&amp;utm_term=1&amp;utm_content=share_button">Redditor Decent-Photograph391</a></cite></blockquote>
Overall, investors saw Tesla&#8217;s progress with its FSD technology in China as a positive development for the company.
It remains to be seen how this milestone will truly impact Tesla&#8217;s stock and its competitive position in the global EV market.
TSLA Price Action: Tesla stock closed up 15.31% at $194.05 on Monday.
Read Next: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38491219/apple-and-tesla-only-two-companies-able-to-thread-the-needle-in-terms-of-china-us-s">Apple And Tesla &#8216;Only Two Companies Able To Thread The Needle In Terms Of China-US&#8217;, Says Top Analyst After Tim Cook And Elon Musk&#8217;s Recent China Visits</a>
Photo: Beach Media on Shutterstock

Long Ideas

Global

Opinion

Tech

Trading Ideas

BYDDF

BYDDY

TSLA

XPEV

Tesla's FSD Nod Win Seen As Move To 'Smooth Over Chinese EV's Entry Into The US Market' Says Redditor

Douglas Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLOW#NYSE">PLOW</a>) reported quarterly losses of $(0.29) per share which beat the analyst consensus estimate of $(0.30) by 3.33 percent. This is a 47.27 percent increase over losses of $(0.55) per share from the same period last year. The company reported quarterly sales of $95.655 million which beat the analyst consensus estimate of $91.467 million by 4.58 percent. This is a 15.88 percent increase over sales of $82.545 million the same period last year.

Earnings

Earnings Beats

News

PLOW

Douglas Dynamics Q1 2024 Adj EPS $(0.29) Beats $(0.30) Estimate, Sales $95.655M Beat $91.467M Estimate

Southern Missouri Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMBC#NASDAQ">SMBC</a>) reported quarterly earnings of $0.99 per share which beat the analyst consensus estimate of $0.98 by 1.02 percent. The company reported quarterly sales of $40.093 million which missed the analyst consensus estimate of $41.880 million by 4.27 percent. This is a 0.10 percent increase over sales of $40.051 million the same period last year.

Earnings Misses

SMBC

Southern Missouri Bancorp Q3 2024 GAAP EPS $0.99 Beats $0.98 Estimate, Sales $40.093M Miss $41.880M Estimate

Asset Sales

Investor Group Led By Riverside To Buy The Townsend Group From Aon; Terms Not Disclosed

Rubric Capital Management LP, an investment advisor whose managed funds and accounts collectively own approximately&nbsp;9.0%&nbsp;of the outstanding shares of common stock of Xperi,&nbsp;urges stockholders to vote for its nominees Thomas A. Lacey and Deborah S. Conrad on the white proxy card

XPER

Rubric Releases Presentation Highlighting Need For Change To Xperi's Board

Issuance of the Second Request extends the waiting period under the HSR Act until 30 days after both the Company and Endeavor substantially comply with the Second Request, unless the waiting period is extended voluntarily by the parties or terminated earlier by the FTC.&nbsp;

FANG

On April 29, 2024, Diamondback Energy, Endeavor Each Receive Request For Additional Information From FTC Regarding Merger - Filing

For years, fans of the National Football League have been hoping to have the day after the Super Bowl <a href="https://www.benzinga.com/general/sports/24/02/37059904/should-the-day-after-the-super-bowl-be-a-holiday-heres-what-benzinga-readers-said-and-what-history">made an official holiday.</a>
NFL Commissioner Roger Goodell hinted that this wish from fans could happen if he gets his way.
What Happened: The National Football League recently enjoyed setting records at the 2024 NFL Draft with <a href="https://www.benzinga.com/general/sports-betting/24/04/38501129/2024-nfl-draft-recap-quarterbacks-wide-receivers-detroit-set-records-who-will-win-rookie-o">the city of Detroit</a> helping set new day one and overall draft weekend records of 275,000 and 775,000 people, respectively.
While <a href="https://twitter.com/PatMcAfeeShow/status/1783902224927633813">speaking </a>on "The Pat McAfee Show" Friday during the NFL Draft, Goodell was asked his thoughts about the current NFL season structure.
Goodell said he isn't a fan of the preseason games and would prefer to have an 18-game schedule for NFL teams. The current schedule has teams playing three preseason games and 17 regular season games.
"I think we're good at 17 now. But listen, we're looking at how we continue," Goodell said.
One of the comments made by Goodell when discussing the potential change to the NFL schedule was to have the Super Bowl moved back a week, which would put it in alignment with the Presidents' Day weekend.
Presidents&#8217; Day, which honors U.S. presidents including George Washington and Abraham Lincoln who have February birthdays, falls on the third Monday of February annually. The date is a federal holiday and also <a href="https://www.benzinga.com/news/24/02/37196072/presidents-day-sees-wall-street-pause-nasdaq-nyse-shut-doors-today">sees major U.S. stock exchanges closed.</a>
By moving the Super Bowl to the Sunday of Presidents' Day Weekend, many NFL fans and viewers of the game would have the day following the NFL championship off of work.
A move would have to be approved by the NFL Players Association. The league and Players Association previously made changes to the 16-game regular season to 17 games and eliminated a preseason game from the previous annual total of four. An agreement was also reached on expanding the playoff field from 12 teams to 14 teams, which added two additional postseason games each season.
Related Link: <a href="https://www.benzinga.com/general/sports/24/02/37163567/nfl-sticks-with-exclusive-streaming-but-what-about-the-super-bowl-we-have-to-fish-where-the-fish-a">NFL Sticks With Exclusive Streaming, But What About The Super Bowl? &#8216;We Have To Fish Where The Fish Are&#8217;</a>
Why It's Important: Having an extra NFL game and the Super Bowl as part of a holiday weekend are items that could help companies with media deals with the NFL and sportsbooks.
The company with rights to the Super Bowl could charge more for advertisements late in the game as viewership might not drop later in the game due to anyone going to bed to wake up for work the next morning.
Last year's Super Bowl (Super Bowl LVIII) hit a <a href="https://www.benzinga.com/general/space/24/02/37109382/super-bowl-lviii-sets-modern-day-viewership-record-how-did-nfl-championship-compare-to-apollo-11-mo">modern-day viewership record </a>with an average of 123.4 million viewers across network and streaming platforms owned by Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>). The game was watched by a total of 202.4 million people, which was up 10% year-over-year.
The locations and dates have already been announced for the next three Super Bowls. The media partners for the next 10 Super Bowls have also been announced with Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) set to air Super Bowl LVIX in 2025.
Based on needing approval for the changes, it could be several years before the Super Bowl falls on a holiday weekend, but Goodell's comments could be a positive step in the right direction of giving fans one of the most requested items in sports.
A 2023&nbsp;<a href="https://workforceinstitute.org/super-bowl-survey-will-we-see-a-spike-in-absenteeism/" target="_blank" rel="noreferrer noopener">survey&nbsp;</a>from the Workforce Institute said 18.1 million employees were expected to miss work the day after last year's Super Bowl.
Furthermore, workforce productivity is expected to drop by more than $5 billion in the week of and the day after the Super Bowl, according to a&nbsp;<a href="https://www.sportsbookreview.com/news/super-bowl-saturday-analysis/" target="_blank" rel="noreferrer noopener">study&nbsp;</a>from Sportsbook Review.
There have been petitions over the years to move the Super Bowl to a Saturday. More than two dozen petitions have been made on Change.org since 2017,&nbsp;<a href="https://www.usatoday.com/story/sports/nfl/2024/02/04/super-bowl-monday-holiday/72369926007/" target="_blank" rel="noreferrer noopener">according</a>&nbsp;to USA Today. One recent petition to move the game to Saturday generated over 144,000 signatures. &nbsp;
One proposal also suggested that Presidents' Day, which is a federal holiday, should come the day after the Super Bowl.
&#8220;The reason we haven&#8217;t done it in the past is simply just from an audience standpoint. The audiences on Sunday night are so much larger,&#8221; Goodell said in 2018. &#8220;Fans want to have the best opportunity to be able to see the game and we want to give that to them, so Sunday night is a better night.&#8221;
A survey of Benzinga social media followers asked if the day after the Super Bowl should be a holiday revealed 57.9% on X (formerly known as Twitter) selected yes and 60% on LinkedIn said yes, suggesting more than half of the country would welcome the idea Goodell is ready to propose.
Read Next: <a href="https://www.benzinga.com/general/gaming/24/02/37081898/madden-24-video-game-predicted-kansas-city-chiefs-super-bowl-win-mahomes-mvp-heres-how-much-you-co">Madden 24 Video Game Predicted Kansas City Chiefs Super Bowl Win, Mahomes MVP: Here&#8217;s How Much You Could&#8217;ve Won Betting</a>
Photo: Shutterstock

Sports

FOXA

PARA

PARAA

NFL Fans Rejoice, Day After Super Bowl Could Be A Holiday: 'We're Looking At How We Continue'

Rambus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.44 by 2.27 percent. This is a 2.27 percent increase over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $133.592 million which beat the analyst consensus estimate of $132.000 million by 1.21 percent. This is a 10.34 percent decrease over sales of $148.998 million the same period last year.

RMBS

Rambus Q1 2024 Adj EPS $0.45 Beats $0.44 Estimate, Sales $133.592M Beat $132.000M Estimate

As of December 31, 2023, the Company had cash, cash equivalents, restricted cash, and short-term investments of&nbsp;$17.9 million.
Net loss attributable to the Company was&nbsp;$(21.0) million&nbsp;for the year ended December 31, 2023, compared to&nbsp;$(33.3) million&nbsp;for the year ended December 31, 2022.

BYSI

BeyondSpring Reports FY23 Loss Per Share Of $(0.54) Vs. $(0.85) Last Year

Transocean (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIG#NYSE">RIG</a>) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.14) by 78.57 percent. The company reported quarterly sales of $763.000 million which missed the analyst consensus estimate of $787.043 million by 3.05 percent. This is a 17.57 percent increase over sales of $649.000 million the same period last year.

Transocean Q1 2024 Adj EPS $(0.03) Beats $(0.14) Estimate, Sales $763.000M Miss $787.043M Estimate

Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>) has outperformed the market over the past 10 years by 20.35% on an annualized basis producing an average annual return of 30.91%. Currently, Synopsys has a market capitalization of $83.10 billion. 
Buying $1000 In SNPS: If an investor had bought $1000 of SNPS stock 10 years ago, it would be worth $14,546.33 today based on a price of $544.76 for SNPS at the time of writing.
<h3>Synopsys's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714426233_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.

SNPS

If You Invested $1000 In This Stock 10 Years Ago, You Would Have $15,000 Today

MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) has outperformed the market over the past 10 years by 17.16% on an annualized basis producing an average annual return of 27.73%. Currently, MSCI has a market capitalization of $37.79 billion. 
Buying $100 In MSCI: If an investor had bought $100 of MSCI stock 10 years ago, it would be worth $1,158.00 today based on a price of $476.98 for MSCI at the time of writing.
<h3>MSCI's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714426227_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.

MSCI

If You Invested $100 In This Stock 10 Years Ago, You Would Have $1,200 Today

JEWL

Adamas One Gets Nasdaq Notification Of Non-Compliance With Nasdaq Listing Rules

Under the terms of the agreement, Victory will purchase up to 10 KARNO generators, to be deployed in the Hydrogen production facilities of their subsidiary,&nbsp;H2 Energy Group&nbsp;(H2EG)

HYLN

Hyliion, Victory Clean Energy Ink LoI To Deploy Up To 10 KARNO Generators To H2 Energy Group

GeneDx Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WGS#NASDAQ">WGS</a>) shares are soaring after the company reported its first-quarter financial results after the bell Monday. Here's a <a href="https://www.benzinga.com/pressreleases/24/04/g38502059/genedx-reports-first-quarter-2024-financial-results-and-business-highlights">look at the highlights. </a>
The Details: GeneDx reported quarterly losses of 33 cents per share which beat the analyst consensus estimate of losses of 67 cents by 50.75%. 
The company reported quarterly sales of $62.422 million which beat the analyst consensus estimate of $49.463 million by 26.2% and represents a 44.7% increase over sales of $43.139 million from the same period last year.
&#8220;Our strong first quarter results reflect our continued dedication to our three key organizational focuses: growing exome and genome revenue, increasing our average reimbursement rates while expanding access to testing, and meaningfully reducing our cash burn,&#8221; said Katherine Stueland, CEO of GeneDx. 
&#8220;Our team&#8217;s successful execution in the first quarter gives us the confidence to raise full-year 2024 revenue guidance to between $235-$245 million and reiterate our expectation to reach profitability in 2025.&#8221;
Outlook:  GeneDx raised its full-year 2024 revenue guidance to between $235 million and $245 million, up from $220 million to $230 million, and expanded its full-year 2024 adjusted gross margin profile to at least 60% from at least 50%. 
Related News: <a href="https://www.benzinga.com/news/24/04/38499888/whats-going-on-with-super-micro-computer-stock-ahead-of-earnings">What&#8217;s Going On With Super Micro Computer Stock Ahead Of Earnings?</a>
WGS Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, GeneDx shares are up 29.36% after-hours at $11 at the time of publication Monday.
Photo: Gerd Altmann from Pixabay

Movers

GeneDx Stock Climbs After Better-Than-Expected Q1 Results, Raises FY24 Guidance

Guidance

Sun Communities Narrows Full-Year 2024 Core FFO Per Share Guidance From $7.04-$7.24 To $7.06-$7.22, Est $7.14

<h3 class="wp-block-heading">BHP&#8217;s Settlement</h3>
<ul>
<li>Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>), BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) and their joint venture Samarco have offered Brazilian authorities a $24.88 billion settlement proposal for the 2015 Mariana dam disaster.</li>
<li>The settlement includes $24.88 billion in total payments; $7.29 billion was already disbursed. The plan includes $14.08 billion for governments and $3.52 billion for future obligations, aiming for a final agreement by mid-2024. </li>
<li>This follows an initial 2016 agreement that established a foundation for reparations.</li>
</ul>
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/m-a/24/04/38469869/elliott-managements-1b-anglo-american-stake-ups-ante-as-mining-megamerger-collapses">Elliott Management&#8217;s $1 Billion Anglo American Stake Ups Ante As Mining Megamerger Collapses</a>
<h3 class="wp-block-heading">5E Achieves Milestone, CEO Says</h3>
<ul>
<li>5E Advanced Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FEAM#NASDAQ">FEAM</a>) announced the first production of boric acid at its 5E <a href="https://www.benzinga.com/news/24/04/38487802/5e-advanced-materials-announces-first-boric-acid-production-and-extended-waiver-of-cash-covenant">Boron Americas Complex</a> and amended its senior secured convertible notes to extend a waiver on the cash covenant.&nbsp;</li>
<li>CEO Susan Brennan says the achievement established a U.S.-based boron supply chain. The company will now begin customer qualification for its boric acid product and anticipates scaling up deliveries upon successful validation. </li>
<li>The financial waiver on the notes is extended until Dec. 31, 2024. Afterward, the company must maintain a cash balance of at least $7.5 million.</li>
</ul>
<h3 class="wp-block-heading">GoldMining&#8217;s Burdensome Royalty</h3>
<ul>
<li>GoldMining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDG#NYSE">GLDG</a>) reduced a burdensome royalty on its Crucero gold project in Peru from a maximum 5% to 3%, with the option to reduce it further to 1% for an additional $200,000 within ten years. </li>
<li>The original royalty was established with gold prices above $800 per ounce.&nbsp;</li>
<li>This strategic move initially cost $70,000 and aims to enhance the project's value and support the company's broader strategy in the Americas.</li>
</ul>
<h3 class="wp-block-heading">U.S. Gold Shareholders Approve 5 Directors</h3>
<ul>
<li>U.S. Gold (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/USAU#NASDAQ">USAU</a>) announced the outcomes of its annual shareholder meeting where shareholders approved the election of five directors. </li>
<li>The shareholders also ratified Marcum, LLP as the independent accountant for the fiscal year ending Tuesday, April 30. </li>
<li>Chairman Luke Norman expressed gratitude to shareholders and highlighted the company&#8217;s focus on advancing its CK Gold Project in Wyoming and exploration projects in Nevada and Idaho.</li>
</ul>
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/news/large-cap/24/04/38441405/gold-glitters-on-stagflation-tailwinds-newmont-soars-13-in-biggest-gain-post-covid-leads-mining-se">Gold Glitters On Stagflation Tailwinds: Newmont Soars 13% In Biggest Post-Covid Gain, Leads Mining Sector Surge</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Image: Shutterstock

Commodities

FEAM

GLDG

USAU

VALE

BHP In $25B Settlement; 5E Advanced Materials Begins Boric Acid Production; GoldMining Reduces Crucero Royalty And More: Monday's Top Mining Stories

Management

Exclusives

EXCLUSIVE: Matrix Asset Advisors' President & CIO Says 'Fire sale to Skydance makes no sense.  It Only benefits Shari Redstone with enormous dilutive impact on shareholders.'; 'Everything about today's update is a disgrace relative to the action that Shari and the Board are taking.'

EXLCUSIVE: Matrix Asset Advisors' David Katz Says 'PARA to open sale to interested suitors. There is no value in being exclusive with Skydance. Current quarter should make Paramount more attractive to Sony/Apollo'

Sun Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUI#NYSE">SUI</a>) reported quarterly Core FFO of $1.19 per share which beat the analyst consensus estimate of $1.17 by 1.71 percent. The company reported quarterly sales of $671.300 million which missed the analyst consensus estimate of $672.181 million by 0.13 percent. This is a 3.09 percent increase over sales of $651.200 million the same period last year.

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Latest News for Arrow Investments Trust Arrow DWA Tactical ETF (BATS:DWAT)

Tuesday, March 03, 2015