Harbor Custom Development Inc 8% PRF PERPETUAL USD 25 - Ser A Stock (OTC: HCDPQ)

Harbor Custom Development Inc 8% PRF PERPETUAL USD 25 - Ser A (OTC:HCDPQ) Stock, Quote.Headers.trade-ideas

Harbor Custom Development Inc 8% PRF PERPETUAL USD 25 - Ser A

California-based EV startup Rivian Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) sold more electric vans last year in the U.S. than Dearborn-based legacy automaker Ford Motor Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), according to recent data from automotive research firm Kelley Blue Book.
What Happened: As per the data, Rivian sold 13,560 <a href="https://www.benzinga.com/news/24/10/41266079/amazon-to-deploy-ai-powered-package-identifying-tech-on-1000-rivian-delivery-vans-for-faster-deliver">electric delivery vans</a> in 2024, marking a growth of 68% from the corresponding period of 2023. 
Ford also witnessed a significant jump in its <a href="https://www.benzinga.com/news/24/08/40525705/fords-e-transit-van-could-be-its-golden-goose-until-new-evs-start-rolling-out-in-2026">E-Transit electric van sales</a> in the period but not enough to overtake Rivian. The automaker sold 12,610 units of the E-Transit electric van in 2024, as compared to just 7,672 units in 2023. 
Rivian and Ford have a similar electric vehicle lineup in terms of the vehicle types they offer. They have just three EV offerings each in the U.S.- an SUV, a pickup, and a van. 
Why It Matters: While Rivian&#8217;s current lineup includes the R1S SUV, the R1T truck, and the Rivian delivery vans, Ford offers the Mustang Mach-E SUV, the F-150 Lightning pickup, and the E-Transit van. 
However, when you consider cumulative sales in the U.S., Ford outrun Rivian in 2024 with 97,865 EVs sold as compared to Rivian&#8217;s 51,579 sales. 
This is likely because of the higher price point of Rivian&#8217;s offerings as compared to Ford&#8217;s. While <a href="https://www.benzinga.com/25/01/42801670/mustang-mach-e-spurs-fords-ev-sales-in-q4-after-it-delays-new-vehicle-launch">Ford&#8217;s Mustang Mach-E</a> starts at $39,995 for the base variant, the Rivian R1S SUV starts at $75,900.
Rivian shares are up 2.9% in premarket trading on Tuesday. The stock closed down 2.6% on Monday at $13.49 and is up by 1% year-to-date, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
Ford shares, meanwhile, closed up 0.6% at $9.71 on Monday. The stock is down by 2% year-to-date. 
Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
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<li><a href="https://www.benzinga.com/25/01/42966137/biden-admin-brushed-off-teslas-100m-big-rig-charging-funding-application-says-report-elon-musk-sighs" target="_blank" rel="noreferrer noopener">Biden Admin Brushes Off Tesla&#8217;s $100M Big-Rig Charging Funding Application, Says Report: Elon Musk Sighs</a></li>
</ul>
Image via Shutterstock

News

Tech

RIVN

Rivian Outsells Ford In US Electric Van Market: 68% Growth In 2024 Outpaces Legacy Rival

Telsey Advisory Group analyst Dana Telsey maintains Zevia (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZVIA#NYSE">ZVIA</a>) with a Market Perform and maintains $4 price target.

Price Target

Analyst Ratings

ZVIA

Telsey Advisory Group Maintains Market Perform on Zevia, Maintains $4 Price Target

Telsey Advisory Group analyst Dana Telsey maintains American Eagle Outfitters (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEO#NYSE">AEO</a>) with a Market Perform and lowers the price target from $20 to $18.

Telsey Advisory Group Maintains Market Perform on American Eagle Outfitters, Lowers Price Target to $18

Deutsche Bank analyst Bin Wang initiates coverage on Pony AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>) with a Buy rating and announces Price Target of $20.

Initiation

PONY

Deutsche Bank Initiates Coverage On Pony AI with Buy Rating, Announces Price Target of $20

Telsey Advisory Group analyst Dana Telsey maintains a.k.a. Brands Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AKA#NYSE">AKA</a>) with a Market Perform and lowers the price target from $28 to $22.

Telsey Advisory Group Maintains Market Perform on a.k.a. Brands Holding, Lowers Price Target to $22

Baird analyst Peter Arment downgrades General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) from Outperform to Neutral and lowers the price target from $345 to $283.

Downgrades

Baird Downgrades General Dynamics to Neutral, Lowers Price Target to $283

Baird analyst Mircea Dobre upgrades United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) from Underperform to Neutral and maintains the price target from $658 to $658.

Upgrades

Baird Upgrades United Rentals to Neutral, Maintains Price Target to $658

With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Calavo Growers, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) to report quarterly earnings at 30 cents per share on revenue of $161.93 million after the closing bell, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>. Calavo Growers shares gained 1% to close at $23.57 on Monday.</li>
<li>KB Home (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KBH#NYSE">KBH</a>) posted better-than-expected fourth-quarter financial results. KB Home reported fourth-quarter revenue of $2 billion, beating analyst estimates of $1.99 billion. The U.S. homebuilder reported fourth-quarter earnings of $2.52 per share, beating analyst estimates of $2.39 per share, according to Benzinga Pro. KB Home shares gained 8.8% to $69.71 in the pre-market trading session.</li>
<li>Analysts are expecting Karooooo Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) to post quarterly earnings at 38 cents per share on revenue of $64.95 million. The company will release earnings after the markets close. Karooooo shares fell 0.9% to close at $47.79 on Monday.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Aehr Test Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEHR#NASDAQ">AEHR</a>) reported worse-than-expected financial results for the second quarter on Monday. Aehr Test Systems shares dipped 21.8% to $12.50 in the pre-market trading session.</li>
<li>Analysts expect Applied Digital Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) to post a quarterly loss at 15 cents per share on revenue of $63.4 million after the closing bell. Applied Digital shares fell 6.3% to close at $7.77 on Monday.</li>
</ul>
Check This Out: 
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<li><a href="https://www.benzinga.com/markets/25/01/42965686/top-2-industrials-stocks-that-may-fall-off-a-cliff-in-january">Top 2 Industrials Stocks That May Fall Off A Cliff In January</a></li>
</ul>

Markets

General

AEHR

APLD

CVGW

KARO

KB Home, Calavo Growers And 3 Stocks To Watch Heading Into Tuesday

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) stock experienced a 2.68% rise on Tuesday during pre-market hours, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
This uptick was driven by a combination of factors,<a href="https://www.benzinga.com/markets/equities/25/01/42965139/tesla-soars-over-2-after-hours-on-morgan-stanleys-430-target-upgrade-and-breakthrough-fsd-advancements-says-gary-black"> including a revised price target </a>from Morgan Stanley and advancements in Tesla&#8217;s Full Self-Driving (FSD) technology, as highlighted by Tesla enthusiast Gary Black.
Morgan Stanley elevated Tesla&#8217;s price target from $400 to $430, with a bullish scenario reaching $800. The firm cited potential growth in autonomous rideshare and robotaxi services as key factors.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">What's causing TSLA's stock price to take flight (+$8/share, +2.1%) after hours? It's always difficult to discern cause and effect, but here's my guess: 1/ Elon's re-post of a tweet from <a href="https://twitter.com/philipengberg?ref_src=twsrc%5Etfw">@philipengberg</a> that FSD v13.2 is showing a 750% efficacy increase to 724 miles per… <a href="https://t.co/V5kRuRlPXQ">https://t.co/V5kRuRlPXQ</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1878957721988555229?ref_src=twsrc%5Etfw">January 14, 2025</a></blockquote>
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Additional gains were fueled by positive reviews of Tesla&#8217;s updated Model Y and <a href="https://www.benzinga.com/25/01/42894743/tesla-ceo-elon-musk-says-fsd-will-be-safer-than-human-drivers-in-q2-2025">significant improvements in its FSD </a>technology. Version 13.2 of the FSD showed a remarkable 750% increase in efficacy, achieving 724 miles per disengagement on highways, compared to 89 miles in the previous version, as shared by CEO Elon Musk.
Meanwhile, Tesla sold 12,991 Cybertrucks in the fourth quarter of 2024 in the U.S., bringing the <a href="https://www.benzinga.com/25/01/42967593/cybertruck-sales-rise-in-2024-weighed-down-on-tesla-model-s-deliveries-in-us-shows-data">total for the year to 38,965 units,</a> according to the data. The company began delivering the Cybertruck in late November 2023, making 2024 its first full year of deliveries for the vehicle.
Read Also: 
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<li><a href="https://www.benzinga.com/25/01/42960104/congressman-who-wanted-airport-named-after-donald-trump-buys-bitcoin-solana-xrp-token-ahead-of-inauguration" target="_blank" rel="noreferrer noopener">Congressman Who Wanted Airport Named After Trump Buys Bitcoin, Solana, XRP Token Ahead Of Inauguration</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

TSLA

TSLA Stock Rises 3% In Tuesday Pre Market: What's Going On?

Five-year agreement is evidence of the Company's AI-driven value and utility-scale traction in Eastern Europe

STEM

Stem Secures Five-Year Deal To Support 484 MW Hungarian Solar Portfolio With AI-Driven Optimization Solutions

REGENXBIO Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGNX#NASDAQ">RGNX</a>) and Nippon Shinyaku Co., Ltd. (Nippon Shinyaku) today announced a strategic partnership for the development and commercialization of RGX-121 for the treatment of Mucopolysaccharidosis II (MPS II), also known as Hunter syndrome, and RGX-111 for Mucopolysaccharidosis I (MPS I), also known as Hurler syndrome.
Under the terms of the agreement, REGENXBIO will receive $110 million at closing and up to an additional $700 million if certain milestones are achieved, consisting of $40 million in potential development and regulatory milestones and $660 million in potential sales milestones. REGENXBIO will also receive meaningful double-digit royalties on net sales in the U.S. and Asia (collectively, the "Licensed Territory").

RGNX

REGENXBIO Partners with Nippon Shinyaku in $810M Deal for Hunter and Hurler Syndrome Therapies

The rise of Tesla Inc&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) Cybertruck sales in the U.S. last year weighed heavily upon the company&#8217;s other luxury offerings including the Model S sedan and the Model X SUV, according to recent data from automotive research firm Kelley Blue Book.
What Happened: Tesla sold 12,991 Cybertrucks in the fourth quarter of 2024 in the U.S. and 38,965 in the whole year, the data showed. Tesla started delivering the Cybertruck in late November 2023, making 2024 the first whole year of the vehicle&#8217;s deliveries. 
However, while the company scaled Cybertruck deliveries, its Model S and X sales took a major hit. While Model S sales dropped 31% to 12,426 units last year, Model X sales dropped 20% to 19,855 units. 
In fact, the company cumulatively sold just 32,281 Model S and X, or fewer units than the Cybertruck. 
Tesla&#8217;s overall deliveries in the U.S. dropped by 5.6% year-on-year in 2024 to 633,762 units, spurring its global delivery decline. Sales declined across the company&#8217;s lineup of Model 3, X, Y, and S, as per the data. 
Tesla does not provide vehicle delivery data by geography, leaving us to rely on third parties for the purpose. 
Why It Matters: Despite the year-on-year drop in overall sales, Tesla&#8217;s Model Y SUV retained its position as the best-selling EV in the U.S., followed by the Model 3 sedan. Ford&#8217;s Mustang Mach-E took third place in the best-selling EVs listicle, followed by the Hyundai Ioniq 5 in fourth place.
Tesla reported its&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on" target="_blank" rel="noreferrer noopener">first fall in global annual vehicle deliveries</a> earlier this month. The company delivered 1,789,226 vehicles in 2024, 1.1% less than the 1,808,581 deliveries reported for 2023.
However, the company continues to be the best-selling EV brand in the U.S. by a huge margin, followed by Ford who sold just 97,865 EVs last year.
Price Action: Tesla stock is up 2.5% in pre-market trading on Tuesday after <a href="https://www.benzinga.com/markets/equities/25/01/42965139/tesla-soars-over-2-after-hours-on-morgan-stanleys-430-target-upgrade-and-breakthrough-fsd-advancements-says-gary-black">Morgan Stanley hiked its price target</a> from $400 to $430 on Monday while maintaining an &#8220;overweight&#8221; rating.
Tesla has a consensus price target of $294.23 based on the ratings of 34 analysts tracked by Benzinga and a consensus &#8220;neutral&#8221; rating. 
The stock closed up 2.2% at $403.31 on Monday and is up by about 3.4% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="395" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/14041801/image-78-1024x395.png" alt="" class="wp-image-731941" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/14041801/image-78-1024x395.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/14041801/image-78-300x116.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/14041801/image-78-768x296.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/14041801/image-78.png 1205w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/25/01/42966137/biden-admin-brushed-off-teslas-100m-big-rig-charging-funding-application-says-report-elon-musk-sighs" target="_blank" rel="noreferrer noopener">Biden Admin Brushes Off Tesla's $100M Big-Rig Charging Funding Application, Says Report: Elon Musk Sighs</a></li>
</ul>
Image via Tesla

Cybertruck Success Comes At A Cost: Tesla Sells Nearly 39,000 Units In 2024, But Luxury Model S And X Sales Take A Hit In US, Data Shows

The <a href="https://www.benzinga.com/topic/mark-zuckerberg">shareholders</a> of Mark Zuckerberg&#8217;s Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) have reportedly requested its Board of Directors to conduct an assessment and determine if adding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the company&#8217;s treasury will be in the best interest of the company.
What Happened: This request for assessment follows a proposal submitted by the company&#8217;s shareholder Ethan Peck.
Peck is a deputy director for the National Center for Public Policy Research's &#8216;Free Enterprise Project&#8217;, which is the conservative movement's only full-service shareholder activism and education program. The organization has also submitted similar proposals to Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) as well.
Meta did not immediately respond to <a href="http://pro.benzinga.com">Benzinga&#8217;s</a> request for comment.
Tim Kotzman, the CEO and founder of Jubilee Royalty, shared a copy of this proposal in an X post dated Jan. 11.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">A <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> Treasury Shareholder Proposal has been submitted to Meta. The shareholder, Ethan Peck, who is an employee at The National Center for Public Policy Research &#8211; the organization that submitted to <a href="https://twitter.com/search?q=%24MSFT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSFT</a> &amp; <a href="https://twitter.com/search?q=%24AMZN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AMZN</a> &#8211; informed me he submitted on behalf of his family's shares. <a href="https://t.co/KrAKw7nHwp">pic.twitter.com/KrAKw7nHwp</a>
&mdash; Tim Kotzman (@TimKotzman) <a href="https://twitter.com/TimKotzman/status/1877801644601061406?ref_src=twsrc%5Etfw">January 10, 2025</a></blockquote>
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Meta, the owner of WhatsApp and Instagram, reported in its third-quarter filing that it holds $72 billion in cash, cash equivalents, and marketable securities, including U.S. Treasuries and corporate bonds.
The proposal suggests that some part of this money should be deployed in the &#8220;inflation-resistant store of value&#8221; Bitcoin. It also quotes BlackRock, which is the second-largest institutional investor in Meta, saying that &#8220;a 2% Bitcoin allocation is reasonable&#8221;. 
What Does It Mean For Investors: If Meta diversifies its holdings into Bitcoin, it could help the company earn higher profitability if the cryptocurrency&#8217;s price appreciates. Thus, it boosts the earnings from holding the asset, which will be beneficial for investors and shareholders. The proposal also highlighted that the largest holder of Bitcoin MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has outperformed Meta by 2191% over the last five years
Other U.S corporates like Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Galaxy Digital Holdings, Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), and Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) along with MSTR are the top five public companies that hold Bitcoin reserves.
See Also: <a href="https://www.benzinga.com/25/01/42908280/intel-aims-for-cpu-market-share-growth-ai-breakthroughs-citi-reiterates-neutral-as-new-ceo-appointment-expected-in-coming-months">Intel Stock Has Fallen Over 58% In 1 Year, But Citi Maintains &#8216;Neutral&#8217; Rating On Expected Replacement Of Pat Gelsinger In A &#8216;Couple Of Months&#8217; </a>
Why It Matters: In May 2021, Zuckerberg named his <a href="https://www.benzinga.com/markets/cryptocurrency/21/05/21051620/facebook-ceo-mark-zuckerberg-sparks-bitcoin-speculation-as-he-reveals-the-name-of-his-pet-">pet goats</a> &#8216;Bitcoin&#8217; and &#8216;Max&#8217;, which fueled cryptocurrency speculation, particularly on X (formerly Twitter).
While it wasn&#8217;t a direct investment signal, the playful gesture ignited widespread discussion about Zuckerberg&#8217;s potential entry into the Bitcoin market, which ultimately did not occur.
In a 2023 <a href="https://www.youtube.com/watch?v=LY0iGhv3Jnc">podcast</a> named &#8216;What Bitcoin Did&#8217; by Peter McCormack, the <a href="https://www.benzinga.com/markets/cryptocurrency/22/05/27183376/former-meta-crypto-chief-launches-bitcoin-payments-company">former head</a> of the Facebook Libra project, David Marcus was asked if Zuckerberg had any affinity with Bitcoin. Marcus said, &#8220;He likes Bitcoin."
However, Meta&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/20/12/18599912/the-libra-cryptocurrency-rebrands-as-diem">Diem </a>cryptocurrency project, previously known as Libra, was abandoned in 2022. Diem aimed to be a stablecoin, a type of cryptocurrency pegged to stable assets like national currencies to minimize price fluctuations. 
Read Next:
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<li><a href="https://www.benzinga.com/general/market-summary/25/01/42938954/michael-saylors-microstrategy-faces-risk-if-mstrs-0-convertible-bond-lenders-recall-non-recourse-loans-due-to-covenant-breach-heres-what-it-means-for-investors">Michael Saylor&#8217;s MicroStrategy Faces Risk If MSTR&#8217;s 0% Convertible Bond Lenders Recall Non-Recourse Loans Due To Covenant Breach: Here&#8217;s What It Means For Investors</a></li>
</ul>
Image via Shutterstock

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

Cryptocurrency

Equities

Market Summary

$BTC

AMZN

COIN

MARA

MSFT

MSTR

Meta Investors Push Mark Zuckerberg To Replace $72B Cash With Bitcoin To Combat Inflation: Here's What It Means For Investors

The &#8216;<a href="https://www.benzinga.com/markets/25/01/42935547/warren-buffett-sounds-alarm-on-casino-like-market-shares-this-key-lesson-for-young-investors">Oracle of Omaha</a>&#8216; Warren Buffett and his business partner, the late veteran <a href="https://www.benzinga.com/markets/25/01/42935637/heres-how-charlie-mungers-final-investment-move-doubled-his-money-reveals-his-close-friend-li-lu">investor</a> Charlie Munger, well known for their value investing rationale defended active investing during Berkshire Hathaway Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NASDAQ">BRK</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NASDAQ">BRK</a>) 2001 annual meeting.
What Happened: Responding to a young 10-year-old boy&#8217;s <a href="https://www.instagram.com/reel/DDmhjk0tGhI/">question</a> about investor education at high school during its 2001 meeting, Buffett said, &#8220;Best investment you can make at an early age is in yourself.&#8221;
However, Munger took the opportunity to interject a word of caution after motivating the 10-year-old, saying that the kid is likely to succeed at what he is trying to do, but &#8220;that&#8217;s not always a good idea.&#8221;
&#8220;If all you succeed in doing in your life is to get early rich from passive holding of little bits of paper. You get better and better at only that for all your life, it&#8217;s a failed life. Life is more than being shrewd at passive wealth accumulation.&#8221;
Passive investing is a prominent investment strategy in contemporary times, which involves mirroring a market index, such as the S&amp;P 500 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>).
This approach, often employed in equity markets through index funds, aims to replicate the performance of a specific benchmark. While traditionally concentrated in equities, passive management is expanding into other asset classes, including bonds, commodities, and even hedge funds.
See Also: <a href="https://www.benzinga.com/25/01/42908280/intel-aims-for-cpu-market-share-growth-ai-breakthroughs-citi-reiterates-neutral-as-new-ceo-appointment-expected-in-coming-months">Intel Stock Has Fallen Over 58% In 1 Year, But Citi Maintains &#8216;Neutral&#8217; Rating On Expected Replacement Of Pat Gelsinger In A &#8216;Couple Of Months&#8217; </a>
Why It Matters: Key principles guiding Munger and Buffett&#8217;s partnership included a focus on investing in high-quality businesses at attractive prices, a long-term investment perspective, and a strong commitment to integrity and ethical behavior.
However, the popularity of passive investments has been growing in recent years. 2024 was a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/12/42606037/etf-market-hits-records-in-2024-inflows-reach-16-trillion-7-funds-top-ranking">landmark year for ETFs</a>, with record-breaking inflows exceeding $1.6 trillion, propelling the global market to a staggering $15.1 trillion in assets.
This surge, driven by institutional adoption and a record 1,485 new launches, solidifies ETFs as a cornerstone of modern investing.
This explosive growth builds on a five-year trajectory of 19% annualized expansion. While passive investing remains dominant, with 93% of ETFs tracking indices, the demand for active strategies is driving innovation and fueling the conversion of mutual funds to ETFs.
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Photo courtesy: Shutterstock

Long Ideas

Broad U.S. Equity ETFs

Trading Ideas

ETFs

Charlie Munger's Defense Of Active Investing Resurfaces Amid ETF Boom: 'Life Is More Than Passive Wealth Accumulation'

<ul>
<li>Connects people and places in Dublin with improved public transit services</li>
<li>Supports climate response and critical infrastructure in Ireland's largest city</li>
</ul>

Jacobs Selected For Ten-Year BusConnects Dublin Project, Enhancing Public Transport And Active Travel

Jim Cramer&nbsp;has offered insights into the recent struggles of the Nasdaq Composite, which failed to rally despite gains in other major indices. The tech-heavy index dipped 0.38% while&nbsp;the Dow Jones Industrial Average&nbsp;rose 0.86% and the S&amp;P 500 increased 0.16%.
What Happened: Cramer attributed the Nasdaq&#8217;s decline to a &#8220;one-two punch&#8221; from the U.S. government and Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO Mark Zuckerberg. Over the weekend, the Biden administration introduced new restrictions on semiconductor exports, which Cramer criticized as &#8220;short-sighted,&#8221; CNBC <a href="https://www.cnbc.com/2025/01/13/jim-cramer-explains-why-the-nasdaq-failed-to-rally-on-monday.html">reported</a> on Monday.
"The tag team of the government and Meta may have been too much for everyone," Cramer said.
In&nbsp;an interview with Joe Rogan,&nbsp;Zuckerberg criticized&nbsp;Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;for its perceived lack of innovation and supported some&nbsp;claims in the Department of&nbsp;Justice&#8217;s antitrust case against Apple. Cramer described Zuckerberg&#8217;s comments as &#8220;self-serving and one-sided,&#8221; expressing surprise at the public criticism of a peer company.
Cramer compared the situation in the tech sector to the pharmaceutical industry, which also faces government restrictions. He noted that some drug stocks managed to rise on Monday, as CEOs effectively advocated for their products.
He questioned whether the challenges faced by these industries were merely &#8220;glancing blows,&#8221; concluding that the government and Meta were responsible for the Nasdaq&#8217;s struggles that day.
Why It Matters: The Nasdaq Composite&#8217;s recent performance reflects broader market trends and reactions to policy changes. On Jan. 13, U.S. stocks showed mixed results, with the Nasdaq falling over 1% while the Dow and S&amp;P 500 experienced fluctuations. 
The semiconductor export restrictions introduced by the Biden administration have significant implications for tech companies, potentially affecting their global competitiveness and supply chains. Additionally,&nbsp;Zuckerberg&#8217;s criticism&nbsp;of <a href="https://www.benzinga.com/25/01/42949679/us-stocks-mixed-nasdaq-down-over-1">Apple highlights ongoing tensions</a> in the tech industry, particularly concerning innovation and antitrust issues. 
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<li><a href="https://www.benzinga.com/markets/equities/25/01/42806417/jim-cramer-works-sunday-brainstorm-on-buying-palantir-and-tesla-stock-calls-them-protective-intellectual-blankets">Jim Cramer Works &#8216;Sunday Brainstorm&#8217; On Buying Palantir And Tesla Stock, Calls Them &#8216;Protective Intellectual Blankets&#8217;</a></li>
</ul>
Photo by s_bukley on Shutterstock
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Analyst Color

AAPL

Jim Cramer Says 'One-Two Punch' From Government And Meta CEO Mark Zuckerberg Led To Nasdaq's Monday Decline: '...May Have Been Too Much For Everyone'

WeRide Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRD#NASDAQ">WRD</a>), a global leader in autonomous driving technology, is the technology provider for an innovative new autonomous driving pilot project in Switzerland. This project is funded by the Canton of Zurich and Swiss national railway Schweizerische Bundesbahnen (SBB) and managed by the Swiss Transit Lab (STL), with WeRide providing products and operational support. The decision demonstrates WeRide's leading L4 autonomous driving technology and operational experience has again been recognized by the international market.
During the test phase, two autonomous cars with WeRide technology will be in service. When operations start, which is expected in the second quarter, up to four cars will be deployed. Fully unmanned mode will operate for up to five years. In 2026, the fleet is expected to expand with eight additional autonomous vehicles, with further expansion in future.
The first automated vehicles will operate in Switzerland's Furttal Region. Residents will be able to book the autonomous vehicles by an app supplied by ioki.

WeRide Brings Autonomous Driving to Switzerland, Launching Pilot Backed by Zurich and Swiss Railways

German automaker Audi delivered around 1.7 million vehicles worldwide last year, marking a drop of about 12%, allowing American EV giant Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) to overtake it in global vehicle sales.
What Happened: Audi pinned the decline in overall deliveries to challenging economic conditions, a competitive market, and limited availability of parts.
Though the company launched new models, including all battery electric vehicles, in 2024, they are only gradually having an impact on global sales, the automaker said. The company witnessed a 21% decline in Germany, a 13% drop in North America, and an 11% drop in China.
Audi EV Sales: Out of its overall deliveries, over 164,000 were fully electric models, marking a decline of 8% as compared to 2023, the company said.
&#8220;Challenging economic conditions and the in transparency in terms of government incentive structures are currently causing a certain reluctance to buy affecting the entire industry, especially when it comes to fully electric vehicles," Marco Schubert, Board Member for Sales and Marketing, said in a statement.
Why It Matters: While a fall in EV sales managed to drag Audi&#8217;s overall deliveries lower, Tesla overtook it in global vehicle deliveries by delivering about 1.79 million vehicles in 2024. 
Tesla&#8217;s deliveries fell by about 1.1% in 2024 as compared to the 1,808,581 deliveries reported for 2023, marking its&nbsp;<a href="https://www.benzinga.com/trading-ideas/movers/25/01/42766117/tesla-stock-tumbles-on-q4-deliveries-whats-going-on" target="_blank" rel="noreferrer noopener">first fall in annual vehicle deliveries</a>. However, the company still managed to overtake its rival and legacy brand Audi. 
Tesla shared its achievement over Audi in a post on social media platform X and wrote, &#8220;Thank you to our owners around the world – you rock!&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Thank you to our owners around the world – you rock! <a href="https://t.co/W8qXYYgadw">https://t.co/W8qXYYgadw</a>
&mdash; Tesla (@Tesla) <a href="https://twitter.com/Tesla/status/1878896039144706416?ref_src=twsrc%5Etfw">January 13, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
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</ul>

Audi's Deliveries Drop 12% In 2024: Tesla Takes The Lead In Global Sales

Editor&#8217;s Note: This story has been updated to clarify that Ackman&#8217;s Pershing Square plans to increase its Howard Hughes Holdings stake by $1 billion.
Howard Hughes Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HHH#NYSE">HHH</a>) experienced an 11.01% increase in its stock price on Monday during pre-market hours, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>, after Bill Ackman&#8216;s Pershing Square declared that it is set to augment its stake in Howard Hughes Holdings by $1 billion.
The offer was made on Monday at $85 per share, according to Reuters. The proposal will allow the shareholders of Texas-based real estate developer, a long-standing investment for Pershing Square, to choose between receiving the full payment in cash or opting to &#8220;roll over&#8221; their shares into the post-merger entity, as stated in a letter from Pershing.
See Also: <a href="https://www.benzinga.com/25/01/42941939/nvidia-down-3-amd-falls-2-after-white-house-imposes-new-ai-chip-export-restrictions">Nvidia Down 3%, AMD Falls 2% After White House Imposes New AI Chip Export Restrictions</a>
"While we are pleased with the substantial business progress Howard Hughes Holdings has made over the more than 14 years since it went public, we, like other long-term shareholders and this board, have been displeased with the Company's stock price performance," wrote Ackman in a letter.
Howard Hughes Holdings, with a market capitalization of $3.6 billion, has not yet provided a comment on the offer, Reuters noted. The move by Ackman&#8217;s firm reflects its continued interest and investment in the real estate developer, which has been a part of its portfolio for an extended period.
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<li><a href="https://www.benzinga.com/insights/short-sellers/25/01/42927106/looking-into-howard-hughes-holdingss-recent-short-interest">Looking Into Howard Hughes Holdings&#8217;s Recent Short Interest</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Wikimedia Commons

Pre-Market Outlook

Real Estate

Howard Hughes Stock Jumps 11% Monday Pre-Market After Bill Ackman's Pershing Square Proposes $1B Stake Boost (CORRECTED)

<h3>Companies Reporting Before The Bell</h3>
<h3>Companies Reporting After The Bell</h3>
• Park Aerospace (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKE#NYSE">PKE</a>) is projected to report earnings for its third quarter. 
• Valens Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLN#NYSE">VLN</a>) is projected to report earnings for its third quarter. 
• Jewett-Cameron Trading (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JCTC#NASDAQ">JCTC</a>) is projected to report earnings for its first quarter. 
• Karooooo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KARO#NASDAQ">KARO</a>) is likely to report quarterly earnings at $0.42 per share on revenue of $67.26 million. 
• Rocky Mountain Chocolate (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMCF#NASDAQ">RMCF</a>) is expected to report earnings for its third quarter. 
• Calavo Growers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVGW#NASDAQ">CVGW</a>) is expected to report quarterly earnings at $0.30 per share on revenue of $161.93 million. 
• Applied Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) is expected to report quarterly loss at $0.12 per share on revenue of $62.62 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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